From: dljm@imt.net Sent: Saturday, November 09, 2002 4:19 PM To: rule-comments@sec.gov Subject: FILE NUMBER 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: I am writing to support the Securities and Exchange Commission's recently 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, I'm extremely supportive of any new laws and rules that will make the investment industry more transparent and accountable. In general,at this time, I think it is one of the most corrupt industries ever to do business in America, and anything you can propose that will shine some light into the dark corners of the industry will be beneficial for investors and for investor confidence. I also applaud the Commission for requiring that funds and advisers disclose their actual votes, in addition to their guidelines and procedures. Voting records will help provide true accountability. Public disclosure of proxy-voting policies and practices would pressure fund managers and advisers to refrain from unilateral rubberstamping of management decisions, and would provide investors additional tools to distinguish among funds in the market, including pointing out those companies that emphasize good governance and social responsibility. Thank you for this opportunity to comment on the proposed rules, and for taking these important steps toward restoring investor confidence in the markets. Sincerely, Dean Littlepage Dean Littlepage