From: Dwg001@aol.com
Sent: Wednesday, May 05, 2004 10:52 AM
To: rule-comments@sec.gov
Subject: File No. S7-11-04

SEC -- As a mutual fund investor, I wish to give input regarding the 
mandatory redemption fee rule proposal:

I AGREE with the 5-day rule to hinder market timing and its negative 
financial effects on long-term fund holders

but,

I DISAGREE with allowing Funds to extend this fee an unlimited amount of 
time.  Funds will ABUSE this requirement.  I make several trades a year, and I 
can see funds currently without redemption fees establishing fees and pushing 
out the period to 6 or 9 months for financial gain.   This will have a NEGATIVE 
effect on longer-term fund holders. 

Please be sure my input is considered.

David W. Gibson
P. O. Box 347
Evinston, FL 32633