From: Don [elldeejay@comcast.net]
Sent: Saturday, February 08, 2003 5:33 AM
To: rule-comments@sec.gov
Subject: (s7-51-02) Proposed Rules concerning Compliance Programs of
Investment Companies and Advisers

I am a small investor, with a relatively small amount of money at risk in
the equity markets, primarily via mutual funds.  Even so, I suggest that it
is indispensable that mutual fund companies be held to very high standards
of conduct, compliance and information sharing.  One invests via mutual
funds primarily for diversification, an approach commonly intended and said
to minimize unnecessary risk to the investor.  But recent events have shown
that diversification avails not at all if the people who run these companies
are not fully transparent in their policies and operational practices.  They
surely will not police themselves;  they are, I gather, already on record as
opposing reform.  Well, if they won't do it, my government should.


Lewis D. Junior
4609 Harrison St.
Chevy Chase MD 20815

301-851-6371

elldeejay@comcast.net