From: Pollice, Robert [pollice@ncsquared.com]
Sent: Friday, December 06, 2002 12:55 PM
To: 'rule-comments@sec.gov'
Subject: S7-38-02

I strongly agree that mutual funds should make public how they vote 
the shares that they control.  It seems that everyone in the financial 
community has their own agenda these days whether it's artificially 
raising the guidance of a company's stock that their own company 
underwrites or to get on the good side of a large corporation in order 
to get their retirement planning business.  The individual stock holder 
in mutual funds never gets to know what's going on behind the scenes.  
If the mutual funds had the best interest of their share holders in mind, 
then how did they let disasters like Enron, Worldcom, Global Crossing 
and yes even Westinghouse happen.  Sorry if I went so far back in time 
to Westinghouse but I don't think this whole revelation about corporate 
governance started in 2001, it goes further back than that.  Westinghouse 
paid $50,000 to board members for each meeting, so why would a board 
member vote against the CEO and risk the possibility of loosing $200,000 
annually.  Plus all the free golf at exclusive country cluds and other 
perks given to board members at these supposed board meetings.