From: John A. Donaghy [donaghy@netins.net]
Sent: Thursday, December 05, 2002 12:35 PM
To: rule-comments@sec.gov
Subject: File No. S7-36-02

Dear SEC

I urge you to pass the proposed rule requiring that mutual funds disclose
their proxy voting policies, procedures and voting records.

This would be a giant step forward for mutual fund transparency, improved
corporate governance and greater social and environmental responsibility on
the part of America's corporations.  Mutual fund shareholders will finally
have a right to know how their fund managers are voting their proxies, and
because fund managers will be more accountable, they will be less likely to
vote down the line with company management and more likely to vote in the
best interests of their shareholders.  This in turn could have a beneficial
impact on corporate governance and corporate social responsibility.  Thus,
the proposed rule not only has the potential to make mutual funds more
accountable to their shareholders, but to make corporations more responsible
to their shareholders as well -- and to society at large.

Sincerely,
John Donaghy
2321 Baker Street
Ames, IA 50014-7307