From: William St. John [kentucky44@earthlink.net]
Sent: Wednesday, January 22, 2003 4:54 AM
To: rule-comments@sec.gov
Subject: (s7-51-02) Proposed Rule on Quarterly Mutual Fund Disclosure

To Whom It May Concern:

I fully support your implementation of the proposed rule to require mutual 
funds to disclose their holdings on a quarterly basis.  Under the present 
rules, investing in a mutual fund causes at least a six month delay in the 
investor learning about any significant changes the fund manager may make 
in the fund's holdings.  By requiring quarterly disclosure, it would cut 
that delay in half.  

Beyond that given that mutual funds have to calculate their net asset value 
on a daily basis, I recommend the rules require investors in a mutual fund 
be given on a monthly basis access to any significant holdings changes 
through the fund's Internet web site