From: Will Frangos [willy@vaix.net]
Sent: Sunday, October 27, 2002 6:36 AM
To: rule-comments@sec.gov
Subject: File No. S7-36-02


   Please consider this as a supporting opinion in favor of the proposed 
rule 33-8131, requiring disclosure of proxy votes by mutual funds to the 
fund shareholders.

    Fund shareholders need to know how the power of their wealth is 
being exercised in corporate matters.  The current system of 
approval/no-approval reminds me of the so-called elections to government 
offices held by communist states during the latter part of the 20th 
century.  Since competition is generally held to bring about better 
performance, let's promote some more of it among upper management, 
through the fund managers.

		William Frangos