From: Krupitsky, Alexander E. [Alexander.Krupitsky@pseg.com]
Sent: Tuesday, December 16, 2003 4:10 PM
To: 'rule-comments@sec.gov'
Subject: File No. S7-27-03

Dear Sir/Madam:

I have learned that the SEC and Congress plan to move the cut-off time for
mutual funds trading in 401(k) plans to earlier time than current 4 pm.

In my opinion, the change is unfair to 401(k) plan participants because it
will place them at a disadvantage to other investors who will still be able
to trade up the market closing time. In addition, I'm not aware of any
evidence of improprieties related to late trading in 401(k) plans.

The SEC and Congress will be well advise to kill this plan.

Sincerely,

Alexander Krupitsky

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