From: Wendell Peart [wendell@volcano.net]
Sent: Thursday, February 06, 2003 6:47 PM
To: rule-comments@sec.gov
Subject: Average cost of securities (s7-51-02)

12870 Burnt Cedar Lane
Pine Grove, CA. 95664
February 6, 2003

Securities Exchange Commission
Washington, D. C.

Gentlepersons:

My request is simple and is nothing more than FULL DISCLOSURE.

Please require both open and closed end mutual funds in their quarterly 
reports to declare what the costs or average costs are of the securities 
that they hold in their portfolios.  

They know what their costs are but the Mutual Fund that I own do not 
disclose what they paid for the stock.  This ought to be required relative 
to full disclosure.

Those of you who are reading this and who have purchased stock, know full 
well what you pay for the securities and such information ought to be 
required of those that sell mutual funds.

Thank  you.


Wendell G. Peart
Ph  1-209-296-3153
email wendell@volcano.net