From: NHFord@aol.com
Sent: Monday, May 10, 2004 11:26 AM
To: rule-comments@sec.gov
Subject: File No. S7-11-04

I believe the SEC proposal of a mandatory 2% redemption fee on withdrawals 
taking place within five days of a mutual fund deposit is harmful to active 
investors like me.  It is simply a new "tax."  It will do more harm to investors 
that it would help.  
                                                                     
Donna Hess
Pinellas Park, FL