From: Brian Obach
Sent: August 15, 2006
Subject: File No. S7-03-04

SEC Chairman Christopher Cox

Dear SEC Chairman Cox,

I have investments in a mutual fund through my employer. I have read reports recently that indicate that I should be concerned about mutual fund management and the lack of independence of mutual fund managers. I am writing to ask that you take actions to ensure that mutual funds have independent directors who will safeguard my investment.

Thank you for your consideration.


Brian Obach