From: bagould [bgould@backwhen.com]
Sent: Friday, April 16, 2004 8:18 PM
To: rule-comment@sec.gov
Subject: disclosure (s7-12-04) 

Please add my plea for a full disclosure on mutual fund fees, costs and use of
money  for shareholders. In any other profession the hidden fees and charges and
the cavalier use of other people's money would be called fraud or
misappropriation of funds. As it is we have learned that we can not trust most
fund managers. Their need to compete with dishonest funds forces them to
compromise or rationalize their integrity. We need crisp, rules and severe
penalties for failure to comply. In other words, the SEC should do what it is
paid to do.