From: Jeffrey Cowan [jwcesq@pacbell.net]
Sent: Thursday, December 05, 2002 7:41 PM
To: rule-comments@sec.gov
Subject: Disclosure of Proxy Voting Policies and Proxy Voting Records by
Registered Management Investment Companies


I urge the SEC to adopt this proposed rule.  How mutual funds
vote on proxy statements is important information that affects
the econommic and political/ethical interests of investors who
invest in and/or own the funds.  We cannot make fully intelligent
decisions about whether to have a fund invest/manage our assets
without this information.  I for one would like to know exactly
how funds vote on some of the "generous" executive compensation
packages that are routinely presented for approval -- and which
I (and others) deem unnecessary and excessive giveaways of corporate
assets that harm my financial interests.  Without this rule,
we cannot access this information.  Please adopt the proposed
rule.

  - Jeffrey Cowan
    Santa Monica, CA