From: Bill & Eleanor [ewwcm@adelphia.net]
Sent: Monday, June 28, 2004 7:44 PM
To: rule-comments@sec.gov
Subject: S7-03-04: 

I see that these comments have no value after March 10, despite becoming
news only recently.  Further, the web description is so vague I can only
guess, and hope, I reference the correct file number ... so much for seeking
public comment.

By whatever file #, I want to express my anger with the requirement to have
an outsider chair my investment company, Vanguard, in my case.  I suspect
that I am a typical retiree with a little investment.  But I spent many
months of tedious research and study to select investment products.  I am
happy with my decision and know that the product is the result of the people
creating and managing them.  How does the SEC get off leaving me with a
product that will become something else because the team boss will be
someone else?  I am too old and my retirement years are too fragile for
this.  Why can New York's Atty Gen do more in a day to bring Wall St under
control than the SEC can in an eternity?  ... and without tampering with my
carefully selected investment products!  Did I mention I am angry?

Bill Majure
210 Northwoods Dr
Ball Ground, GA 30107
770 479 9600