From: Jason LOwther [antiq9666@hotmail.com]
Sent: Thursday, May 20, 2004 5:49 PM
To: rule-comments@sec.gov
Subject: S7-23-03:

RE: Hollis Eden

It is very obvious that an analyst at Legg Mason. Edward Nash is using his 
influence as an analyst to assist a group of naked short sellers. He has 
consistantly come out with research that is aiding a group of investors. And it 
seems very obvious that his recommendations are being traded prior to his report.