From: jneville@sea-group.com
Sent: Wednesday, December 04, 2002 10:10 AM
To: rule-comments@sec.gov
Subject: FILE NUMBER S7-36-02 and S7-38-02
Re: File Numbers S7-36-02 and S7-38-02 
Mr. Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street NW,
Washington, DC 20549-0609 

Dear Secretary Katz: 

As a shareholder of a number of Fidelity Investment mutual fund accounts, 
I am writing in support of the Securities and Exchange Commission's 
recently proposed rules regarding proxy voting disclosure by mutual 
funds and investment advisers, File Numbers S7-36-02 and S7-38-02. I 
agree that instituting meaningful disclosure will bolster confidence 
in the equity markets, and strongly support the recommendations set 
forth in these proposed rules. 

I have contacted Fidelity to express my views and have been very politely 
rebuffed. I want funds and advisers to disclose their actual votes, in 
addition to their guidelines and procedures. I disagree with those who 
say that mutual fund investors do not want to review their funds' voting 
records, and will not use this information to inform their investment 
decisions. Voting guidelines provide valuable information, but voting 
records will provide true accountability. 

The rules are a major step forward in providing greater transparency to 
investors whose proxy assets are held in mutual funds or entrusted to 
investment advisers. The SEC is making a clear statement that proxy 
voting is a fiduciary duty and should be exercised with the best 
interests of fund holders in mind. 

These rules will provide me with an opportunity to identify mutual funds 
and investment advisers who take their voting responsibilities seriously 
so that I can ensure that my investments are helping to support greater 
corporate accountability. 

Thank you for this opportunity to comment on the proposed rules, and for 
taking these important steps toward restoring investor confidence in the 
markets. 

Sincerely, 

John F. Neville