From: Newland, Robert [rnewland@trf.state.in.us] Sent: Thursday, May 29, 2003 3:07 PM To: rule-comments@sec.gov Cc: michelle@cii.org; garyfind@mosers.org Subject: File No. S7-10-03 To Whom It May Concern: The Indiana Teachers' Retirement Fund welcomes the directive that the SEC is giving its Division of Corporate Finance to study current proxy regulations and develop possible changes to those regulations to improve corporate democracy. Any action that the SEC may take to enhance our ability to act as responsible shareholders would be greatly welcomed. Robert D. Newland Deputy Director, Chief Investment Officer Indiana Teachers' Retirement Fund 150 West Market Street, Suite 300 Indianapolis, IN 46204-2809