From: Anderkay, Artemus [AAnderkay@divinvest.com] Sent: Thursday, December 04, 2003 8:54 AM To: 'rule-comments@sec.gov' Subject: Mutual Fund industry rules (s7-26-03 and S7-27-03) Pertaining to the following rules suggested: * Receive orders by 4 p.m. ET to eliminate the potential for late trading through intermediaries. * Disclose market-timing policies and practices for determining the fair value of securities - especially stocks on international markets - in their portfolios. * Appoint a chief compliance officer responsible for making sure rules are followed. The CCO would report directly to the fund's board of directors. I agree with all of them. I also would like to see an independent CEO of the fund along with some rules one fund directors independence. When I see that the Fidelity CEO is on 100 Mutual Fund boards, along with other 'insiders' on multiple board of directors, the integrity of the board of director is breached. Therefore: * At least 3\4 of the Mutual Fund board of directors must be independent. * A director cannot sit on more than 5 mutual fund boards. Thanks Artemus Anderkay mutual fund investor ----------------------------------------- CONFIDENTIALITY NOTICE ---------------------- This transmission is intended for the sole use of the individual and/or entity to whom it is addressed, and may contain information and/or attachments that are privileged, confidential and exempt from disclosure under applicable law. If the reader of this transmission is not the intended recipient, you are hereby notified that any disclosure, dissemination, distribution, duplication or the taking of any action in reliance on the contents of this transmission by someone other than the intended addressee or its designated agent is strictly prohibited. If your receipt of this transmission is in error, please notify the sender by replying immediately to this transmission and destroy the transmission. Thank you. (DMZIM01)