From: Peter Buchta [pbuchta@mail.med.cornell.edu]
Sent: Wednesday, December 04, 2002 12:52 PM
To: rule-comments@sec.gov
Subject: S7-36-02

Dear Sirs:

This rule is a step in the right direction. I wholly support it. I feel 
that the individual shareholder should have voting rights, and 
information thereto when held by a fund. Fund managers do not like to 
'rock the boat' when it comes to voting issues and should not be allowed 
to participate in such actions since unavoidable conflicts of interest 
come into play.  A fund should be willing to allow the participation of 
individual shareholders.  In my observations over questions asked by 
fund mangers during a company's conference calls, it seems that company 
management is given the typical carte blanche A-OK when it comes to 
making decisions.  Funds tend to rubber stamp management's actions to 
avoid tipping the boat. In holding the portfolios for their clients they 
have unfairly acquired shareholder rights that can be deemed 
monopolistic and in violation of the appropriate anti-monopoly statues.

Peter Buchta.