From: Tim Graf [mailto:thegrafs77@yahoo.com]
Sent: Tuesday, March 30, 2004 7:04 PM
To: rule-comments@sec.gov
Subject: File #: S7-19-03

This message is to express our desire that you pass and begin to enforce new regulations regarding company boards of directors- the way they are selected and by whom.

The time for this legislation is long over due!!

We lost more than 50% of our invested money which was earmarked for our retirement, mainly due to the misleading financial reports put out by these companies and the brokerage firms that toughted them.

We are counting on you to establish better and tighter guidelines in order to protect the financial establishment.

Thank you-

Tim and Mary Sue Graf.