From: Donald Fillman
Sent: January 28, 2007
Subject: File No. S7-25-06

Please be sure to recognize that many investors are retired with substantial pensions (fully-funded) and have other non-liquid assets (such as single premium annuities) that should somehow be a part of the calculation of an investor's net worth. If I have these conservative assets that cannot be touched, I should be free to be less conservative with other liquid assets!

Donald Fillman