From: Sam McClure [samzbox@hotmail.com]
Sent: Friday, January 23, 2004 4:56 PM
To: rule-comments@sec.gov
Subject: new confirmation & point of sale disclosure requirements

As you propose, I feel that all mutual funds should have
at least 67% of the directors to have no affiliation with
the fund management company, and that the chair
be indepentant.
I further agree that standardized fee disclosure rules
should be required.
Investor focus groups sound like a very good idea which
should be further investigated AND MADE OPERATIONAL!
Another requirement that I would like to be considered
is that all directors MUST maintain a substantial holding
in their fund, that should be locked in for a longer term
9say a rolling 5 years) so that they are better aligned with 
with the ordinary shareholder.
I would support sales fees for shares sold within a year.
Sincerely  S.R McClure


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