From: smithsmith99@hotmail.com Sent: Friday, November 08, 2002 1:03 PM To: rule-comments@sec.gov Subject: FILE NUMBER S7-36-02 and S7-38-02 Re: File Numbers S7-36-02 and S7-38-02 Mr. Jonathan G. Katz, Secretary Securities and Exchange Commission 450 Fifth Street NW, Washington, DC 20549-0609 Dear Secretary Katz: I wish to inform you of my support for the proposed rules regarding proxy voting disclosure by mutual funds and investment advisers, File Numbers S7-36-02 and S7-38-02. I beleive that in the current business and political climate, it is important for the SEC to take meaningful steps to insure accountability on the part of both mutual funds and businesses. The mutual fund investor should have the basic right to know what voting decisions are being made in his or her name. I applaud the Commission for requiring that funds and advisers disclose their actual votes, in addition to their guidelines and procedures. I disagree with those who say that mutual fund investors do not want to review their funds' voting records, and will not use this information to inform their investment decisions. Voting guidelines provide valuable information, but voting records will provide true accountability. Thank you for this opportunity to comment on the proposed rules, and for taking these important steps toward restoring investor confidence. Sincerely, Dave Rudolph