From: Steve Schneider [stevezme@mindspring.com] Sent: Friday, December 06, 2002 7:48 AM To: rule-comments@sec.gov Subject: File No. S7-36-02 (and File No. S7-38-02 for the investment adviser rule) re: File No. S7-36-02 (and File No. S7-38-02 for the investment adviser rule) As an investor I support the proposal to require mutual fund companies to publish proxy voting. I have long been concerned that the secrecy involved in proxy voting and the power attached to such votes has let to decisions that are not in the best interest of the individual investors that the mutual fund companies represent. Recent corporate scandals have compounded my fears. However, it is very important that the cost to mutual funds should be weighed against the benefits from disclosure. In general the proposal seems to take these types of costs and benefits into consideration. However, in the rule proposal there was a request for comment as to whether certain routine matters should not be disclosed. I am in favor of such an exception if the definition of "routine" is carefully worded to avoid creating an exception that swallows the rule. Steven Schneider, Esq. 2101 North Harrison Street Arlington VA 22205