From: nmontena@ppc-online.com
Sent: Friday, November 08, 2002 1:44 PM
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: 

I think it is fantastic that the SEC is considering the above noted rules. 
It is a shame that mutual funds don't all disclose their proxy voting voluntarily, 
and that we need the government to mandate it, but I suppose there are a lot of 
conscientious things businesses and individuals can't be counted on to do voluntarily. 
If the issue must be forced, so be it. Please see that whatever disclosures are 
mandated are also required to be presented to the lay shareholder in some meaningful 
way. If the publicized information is too intimmidating to be of any use to the 
average investor, forcing disclosure will be pointless. Sincerely, 

Noah P. Montena