Groups Push Support for SEC Fund Disclosure Rule

October 21, 2002 ( - Three groups have targeted Tuesday to launch a major public-relations effort designed to rally support for a new rule requiring mutual funds to disclose their proxy votes.

Sponsoring the event are the AFL-CIO, Pax World Funds, and Fund Democracy. They event backers say they hope their campaign will encourage investors to speak up in favor of the Securities and Exchange Commission (SEC) disclosure rule.

The proposal would force mutual funds to publicly disclose their proxy votes on such issues as excessive CEO compensation, worker rights, global warming, board independence, sweat shops and tobacco.

The SEC proposed the disclosure rule  on September 20, 2002.

Comments should be submitted in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. Comments also may be submitted electronically at the following E-mail  address .

The deadline for public comments is December 6, 2002.