From: Jim White [jrwhite@comcast.net]
Sent: Saturday, May 04, 2002 8:14 AM
To: rule-comments@sec.gov
Subject: File No. S7-20-01 comment

I very much like the index based ETF’s and I support the idea of managed ETF’s.

There currently are a few equivalent forms of this type of investment in the form of closed-end funds.

Examples I have invested in are funds such as EMF and SAF.

I welcome additional ETF’s and see no reason not to expand the investor’s options.