Subject: File No. S7-03-04
From: J. H. ALEXANDER

September 10, 2006

Subject: Public Comment on S7-03-04
SEC,
I read about this proposed rule in today's Washington Post (9/10/06) and am in favor. High fund fees and scandalous activity on the part of some funds require additional checks and oversight. I would prefer to give the funds an opportunity to improve self-governance with an independent chairman than to see more direct regulation from the SEC or others.
Regards,
J.H.Alexander