From: SoniaAzul@aol.com
Sent: Wednesday, December 04, 2002 5:27 PM
To: rule-comments@sec.gov
Subject: File No. S7-36-02
To the S.E.C.:

Count me as a supporter of the proposal that mutual funds companies 
should disclose their proxy votes.   We need reform of the financial 
system in this and in many other areas.  

Since when has this kind of transparency been bad for financial markets?  
The attitude of those desiring to act in secrecy is short-sighted, 
elitist and arrogant.  It is an attitude that if left uncorrected 
will further tarnish the investment markets and end up hurting even 
those who espouse it. 

A number of years ago a broker-adviser counseled me against purchasing 
shares (directly, via ADR) in foreign (European and Japanese) companies 
because the accounting standards in other countries were far inferior 
to those in the U.S., in terms of rigor and transparency.  How many 
Enron/Woldcomm/Tyco/Global Crossing etc. situations have we heard of 
from other countries lately?

The limitations of the current model of corporate governance have been 
plain to see for the last several years.  Yes they have been years of 
bad return for most markets, thus the greater hue and cry.  But which 
CEOs, Directors, and their cronies have done so poorly in the last few years?

Sincerely,

D. Sonia John
Denver, CO.