From: Wrbhb@aol.com
Sent: Monday, January 12, 2004 4:06 PM
To: rule-comments@sec.gov
Subject: S7-27-03-Late Trading

Most of my investments are with Mutual Funds. If I decide to make any change 
in my investment apparently I will have to concern myself as to what price I 
may get with the transaction. This means "will my order get there in time for 
a 400PM, zero tolerance closing time, price". I deal primarily with intermediaries, 
not directly with a Fund. This unknown factor will effect my decision and it 
should not have to.