Subject: File No. S7-30-04
From: Duncan Horn

From: Duncan Horn []
Sent: Monday, October 25, 2004 4:13 PM
Subject: Hedge Fund regulations

Chairman Donaldson

I want to thank you for supporting and implementing the new regulations requiring hedge funds to obey the same rules the average stockholder must adhere to.

This will help restore my confidence in the SEC's interest in protecting ALL shareholders and investors


Duncan Horn