From: Jim Carbone [jim_carbone@yahoo.com]
Sent: Tuesday, November 05, 2002 3:08 PM
To: rule-comments@sec.gov
Subject: s7-36-02 Mutual Fund Proxy Vote

Hello!  I was shocked and at the same time surprised to see the small number of 
comments posted about this rule.  I learned just today (election day) that I 
could view and post my opinion!  I'm appreciative to be able to do so.

In the past 2 years I've lost over 55% of all my retirement monies that were in 
"actively managed" mutual funds.  These funds claim to add value when all I see 
them do is pay themselves hundreds of millions in "fees" and charge expenses.  
This isn't justified when I look at the "managed" performance compared to the 
"plain old market".  Yet they have a fiduciary duty to the investors in their 
funds.  Certainly they should disclose how they use their voting proxy clout!  
For them to object only makes me, a nobody investor, suspicious.  The SEC is all 
we have on our side.  Please implement this rule!

Thank you,

James Carbone





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