From: Elaine Shils [quiltwrite@comcast.net]
Sent: Sunday, September 22, 2002 2:01 PM
To: rule-comments@sec.gov
Subject: S7 SR (S7-36-02)

Mutual fund companies need to disclose how they vote and all other 
decisions and policies they make. There are two basic reasons:
 
1) They are in our employ and we need to know what they are doing to 
properly supervise (promote or fire) them.
 
2) Basically, why trust them? They have far to much money available to 
them to manage and thus it is too tempting to their weak morals (if they 
have any. Enron didn't.) Unlike a regular employee who probably works 
under the owner's roof, these managers are far too remote for us to 
directly supervise. Thus, the rules need to be far more stringent than 
a regular employment facility.

Unless the SEC provides real monitoring of the scoundrels they will be 
as guilty as they are.