From: Daniel Pensiero III [dp3@mac.com]
Sent: March 29, 2004
To: rule-comments@sec.gov
Subject: File No. S7-19-03

Hello -

Please stop the entrenchment of corporate boards. This rule is simply silly and designed to keep directors in power despite any amount of shareholder dissatisfaction.

Please allow my votes as a shareholder to matter in the future!

Thank You

Daniel Pensiero III