From: John Hiles []
Sent: March 29, 2004
Subject: File No. S7-19-03

To the Securities and Exchange Commission,

I sincerely hope that you consider the proposal to allow investor nominees for boards of the directors on the proxy ballots very seriously.

The current methods are not only synonymous with the old "fox guarding the hen house", but the foxes also get to determine which other foxes get to oversee their actions. In terms of politics, that would be like our senators and representatives being the only ones allowed to decide upon whether or not to re-elect themselves. The voters (shareholders) can complain, but otherwise they currently have no real voice in the matter.

Although the proposed changes fall very short of what is ultimately needed, they would certainly be a step in the right direction.