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.