From: Helms, John J. [John.Helms@pseg.com]
Sent: Saturday, December 20, 2003 8:12 AM
To: 'rule-comments@sec.gov'
Subject: File No. S7-27-03



The rules being proposed will place all 401(k) plan participants at a
disadvantage to other investors who will still be able to trade up the
market closing time. 
There are ways to prevent the problem of late trading in 401(k) plans (no
evidence has shown that this was actually a problem in such plans), such as
electronically stamping the time of transfers, audits and stiff penalties
for violating the rules, all of which are acceptable ideas, but it seems
unfair that 401(k) plan participants will be prevented from trading mutual
funds hours in advance of everyone else simply by the nature of the record
keeping process in such plans.  Thank you for taking time to read my
concerns. 




Mark Helms
Southern Electric Distribution
300 New Albany Rd.
Moorestown, NJ 08057
856-778-6814 Off.
856-231-4530 Fax
609-780-7302 Cell


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