30 Lake Shore Ter #3
Brighton MA 02135
February 3, 2004

RE: S7-26-03

Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street NW
Washington, DC 20549-0609

Dear Mr. Katz:

As an individual investor, I am very concerned mutual funds giving favored treatment to certain investors. I was shocked to hear that some of the funds which have implemented redemption fees and state in their prospectuses that market timing is not permitted in their fund are some of the same funds involved in the current scandal. I am in favor of requiring greater disclosure from funds with regards to market timing. They need to specify exactly what they consider to be market timing (frequency of trades, number of trades, etc.) so that everybody can play by the same set of rules.


Mark Sayers