From: Douglas Nieman [douglasnieman@comcast.net] Sent: Saturday, January 17, 2004 6:12 PM To: rule-comments@sec.gov Subject: S7-26-03 Why are you again, as with the 4:00 cut off issue, penalizing me for what some professional investors are doing with international funds? Personally, I don't like the idea of being hit with extra charges if I want to sell something I just bought. Why should the mutual funds or the SEC be telling me when to be selling? What if I bought a fund today and there were a terrorist attack tomorrow. Am I correct that you are thinking of having new laws that would make me lose more money in fees just because I want to sell early? Bad idea! Diane Nieman Douglas Nieman