From: don_petry@prodigy.net
Sent: Tuesday, November 12, 2002 12:56 AM
To: rule-comments@sec.gov
Subject: File No. S7-36-02



Dear SEC Secretary,

I want you to know I strongly support the SEC's proposed rule that would require 
each mutual fund company to disclose how they vote on corporate proxy resolutions. 
Many of which often deal with issues that concern me.  Recent corporate disclosures 
provide ample evidence that the SEC must demand that corporate America provide 
greater transparency, and accept greater responsibility and accountability.  
I understand that mutual funds, may represent about 90 million Americans, and 
thus control 20 percent of proxy votes at corporate shareholder meetings. It is 
my belief that responsible mutual fund managers can play a important role in 
insisting on more responsible behavior on the part of publicly traded companies.
 
Unless there is public disclosure of proxy policies and proxy voting records, 
there is no way for me to know whether the manager of my mutual fund is acting 
in a manner that reflects my wishes.  I want to know how my mutual fund is voting 
on issues related to board make-up and independence, executive pay, option issues, 
and other conflict issues that matter to me.  If potential conflicts of interest 
exists, they need to be exposed.  I want to know what principles will guide the 
mutual fund in deciding how it votes on various corporate proxy resolutions.

As an owner of mutual funds, I am entitled to know how my proxy is being voted. 
I urge the SEC to stand up for my rights as an investor and for mutual fund corporate
accountability.  Please vote in favor of "the proposed proxy voting rule" that is 
presently before the commission.


Don Petry

6509 Limerick Drive

Edina, MN 
22439