From: Tony Wen [id342@snet.net] Sent: Monday, January 12, 2004 10:13 PM To: rule-comments@sec.gov Subject: File No. S7-26-03 Dear Sir/Madam, I’d like to comment on the captioned subject as a small investor. I believe one of the functions of the SEC is to warrant that the fees related to the buying and selling of mutual funds is at its lowest possible level and without the interference of any visible hand. By allowing or even encouraging fund companies to impose fees on the buying and selling of a fund within 30 or even 60 days, the SEC is doing investors injustice and is introducing interference with the market beyond what is necessary. Any trading intended to take advantage of timing info occurs within the next day or two. To amply provide for all circumstances, 5 days would be more than enough. Why impose financial restrictions on 30 or even 60 days? I hope the SEC will have the judgment to stay itself away from interfering with the market. Thank you. Best Regards, Tony Wen