From: Gordon Sayre [gsayre@OREGON.UOREGON.EDU]
Sent: Tuesday, December 03, 2002 7:38 PM
To: rule-comments@sec.gov
Subject: mutual funds and proxies

Dear SEC:

I am writing in regard to S7-36-02.  I believe this rule would be very
useful and significant.  Proxy votes should be a means for individual
investors to keep company boards responsive to their concerns and
iinterests; they are the company's owners.  However, because most shares
are held by mutual funds and other institutional investors, these votes
rarely mean anything.  If mutual funds had to disclose how they voted,
this might change.

Sincerely,
Gordon Sayre
Eugene, OR