From: Michael Murphy [seiu47@worldnet.att.net]
Sent: Friday, December 06, 2002 10:48 AM
To: rule-comments@sec.gov
Subject: S7-36-02 Disclosure of proxy votes for mutual funds

I want to applaued the efforts of the SEC in amending current regulatios  
which would require mutual funds to report proxy votes.  I believe as both 
a representative of 8000 members of the Service Employees Union and an 
individual investor that shareholders are and should be entitled to this 
information.
 
    I believe that mutual funds should have the same obligation as aother 
investor managers.  I also believe that the individual shareholder or an 
individual fund has the right to review and address any proxy votes if 
and when necessary.
 
    Mutual funds should have to consider the interest of the individual 
investors when  exercising their proxy votes.  The investors should have 
as much influence on proxy voting as the relationship between mutual funds 
and any indiviudal corporate board.  
 
    With the growth of 401K plans and the wide range of participatio the 
investing public is entitled to reveiw the acti0on of the mutual fund.  
I thank you and encourage you to proceed and to pass this legisltaion.
 
     Thank you.

                             Michjael P. Murphy
                             President
                             SEIU Local 47
                             SEIU47@worldnet.att.net