From: Steve Ruehle [saruehle@yahoo.com]
Sent: Thursday, March 18, 2004 3:20 PM
To: rule-comments@sec.gov
Subject: (s7-11-04) Proposed Rule: Mandatory Redemption Fees for
Redeemable Fund Securities

I completely disagree with this proposed rule.  The
funds themselves are the parties guilty of trading
outside their own rules to the detriment of their
shareholders.  This rule will benefit funds those same
funds by allowing them to charge a fee to those of us
they have already harmed if we make a perfectly legal
transaction during normal hours.  You have targetted
the wrong people with this silly rule!