From: Kamath, Laxman [Laxman.Kamath@pseg.com]
Sent: Wednesday, December 17, 2003 10:11 AM
To: 'rule-comments@sec.gov'
Subject: File No. S7-27-03

My comment:
As an individual with middle class income, I save for my retirement in my
401(k) savings account.  I should not be penalized with the new rules.
Please revise the rules to allow thrift and savings 401(k) plans to accept
transfers among funds up until 4:00 PM each day, rather than stopping such
transfers well in advance of the close of the markets so that all processing
can be done and the actual orders for trades can be placed in the hands of
the mutual funds by 4:00 PM. 
Thanks.

Laxman Kamath
130 Hurffville Rd.
Turnersville, NJ 08012-2402

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