From: wingert19 [wingert19@earthlink.net]
Sent: Sunday, March 07, 2004 9:20 PM
To: rule-comments@sec.gov
Subject: S7-03-04: 

SEC:
I agree completely. The percentage of independent board members should 
be at least 75%. Mutual funds must adhere to the principle of  "the fund 
investor first and foremost". The current board structure of so many 
funds is such a blatant conflict of interest.

The board should be focused on getting the lowest and best price for all 
services rendered to the fund and always with the idea of 'How can we 
lower the costs?'. This includes the salaries and fees paid to management.

Al Wingert