From: walter33@attbi.com
Sent: Thursday, December 05, 2002 2:49 PM
To: rule-comments@sec.gov
Subject: File No. S7-36-02 Proposed Rule re Disclosure of Voting

TO:  Securities and Exchange Commission

Dear Sir/Ma'am,

My wife and I strongly support passage of extensive and effective rules that 
require mutual fund companies to promptly disclose their voting records with 
shares of publicly traded companies owned by mutual funds.  Mutual fund 
companies should also have to provide clear descriptions of their reasons for 
voting decisions.  The loss of public trust will not be adequately repaired 
without effective changes, such as those proposed.  The credibility of mutual 
funds and the stock market depends on such changes. 

     As a holder of shares in many Fidelity Mutual Funds, it is un-pardonable 
that officials of Fidelity oppose the proposed changes.  Please do not allow 
their pleas to alter your attempts to assure that investors are fully informed 
about how shares held in mutual funds are used to vote.  It is essential that 
you not allow the current conflict of interests to continue in secrecy.  
Addressing the "good old boy" relationship between executives of publicly 
traded companies and those who manage mutual funds is long overdue.     

To accomplish this, it is essential that you implement changes supported by 
the State of California Public Employees Retirement System.  Such changes will 
enable share holders of mutual funds to have greater influence in how mutual 
fund families use their voting powers.  Mutual funds shareholders need to be 
provided the proposed information in order to persuade managers of mutual 
funds to vote in the best interests of shareholders.

If the proposed changes result in additional expense and time for mutual funds 
to comply, so be it.  It is far better that they have to divulge more than 
we'll use than not enough.   

Thank you for your consideration.

Dennis & Janet Thompson
Fair Oaks, California