From: steve@manalagi.com
Sent: Thursday, December 05, 2002 10:59 PM
To: rule-comments@sec.gov
Subject: Re: File No. S7-36-02



SEC Secretary Mr. Jonathan G. Katz
450 Fifth Street, NW
Washington, DC 20549

Dear SEC Secretary Mr. Jonathan G. Katz,

Re: File No. S7-36-02 

Dear Mr. Katz: 

With this letter I would like to express support for
the SEC's proposed rule (S7-36-02) that makes mutual
funds disclose their proxy decisions.  

We care how our mutual funds are being invested. 

Those decisions that use our money to harm workers'
rights are akin to our buying bullets for the guns
of criminals intent on robbing us in the street. 

Mutual funds have the ability to invest or pull out,
and with clear transparency, can influence the old-boy
network of decisions that led to overpaid CEOs, entrenched
boards of directors and conflicted auditors... ultimately
leading to Enron, Worldcom, Tyco, Global Crossing etcetera,
ad nauseum. 

Fidelity Investments, the world's largest mutual fund
company, is a good example. Although Fidelity generally
refuses to disclose its proxy votes, it did disclose
that it voted against a 1998 shareholder proposal calling
for a majority of independent directors at Tyco International,
a company that has paid Fidelity millions to administer
its employee benefit plans.  

I expect my mutual fund company to cast its proxy votes--which
effectively belong to me in interests that I hold as
moral and decent. We need transparency, and more democracy
in this matter.  

I strongly urge to SEC to adopt its proposed rule.



Sincerely,

Steve Krecik
P.O. Box 50
Freetown, Indiana 47235