File No. S7-36-02From: David Gabai [gabai@Princeton.EDU]
Sent: Friday, December 06, 2002 4:47 PM
To: rule-comments@sec.gov
Cc: gabai@Princeton.EDU
Subject: File No. S7-36-02

File No. S7-36-02

Dear SEC, 

Investment companies should definitely disclose how they vote proxies. 

Small investors are being diluted 1-2% a year or more by huge amounts 
of options offered to their executives.  What thinking investor supports 
such dilution and giving away of wealth.  Small investors should have 
the choice to invest in mutual funds etc. that support their views and 
represent their financial best interest.

Of course similar arguments can be made for other important issues.

Surely disclosing such information should be relatively inexpensive.  
It dwarfs the multibillions of dollars that are at collectively at 
issue in proxy statements.


        Sincerely yours,


        David Gabai
        Professor of Mathematics
        Princeton University and California Institute of Technology
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