From: dartley@camasdsl.com Sent: Thursday, December 05, 2002 6:54 PM To: rule-comments@sec.gov Subject: File Numbers S7-36-02 and S7-38-02 Re: File Numbers S7-36-02 and S7-38-02 Mr. Jonathan G. Katz, Secretary Securities and Exchange Commission 450 Fifth Street NW, Washington, DC 20549-0609 Dear Secretary Katz: This is one of the most important letter I have ever written. I strongly support the SECs proposed rules regarding proxy voting disclosure by mutual funds and investment advisers, File Numbers S7-36-02 and S7-38-02. As a mutual fund investor in Janus and Pax World, I congratulate the Commission for instituting meaningful disclosure that will provide more confidence in the equity markets. I am glad the Commission is requiring that funds and advisers disclose their actual votes, in addition to their guidelines and procedures. Voting guidelines provide valuable information, but voting records will provide true accountability. This must not be kept secret. Mutual funds and advisers have the potential to shape corporate behavior and social policies. Yet since the 1970s, mutual funds and advisers automatically voted with management. No wonder the average person finds these advisors shady operators, and puts their money elsewhere. Proxy voting can help improve corporate behavior and encourage greater social and environmental responsibility. When all mutual funds and investment advisers reveal how they cast proxy votes, enabling shareholders to know what is being done in their name, we can expect corporate accountability to greatly improve. Thank you for taking this important step toward restoring investor confidence in the markets. Sincerely, Richard Artley 415 East North 2nd Grangeville, ID 83530 dartley@camasdsl.com