From: Carrie Kauzlarich
Sent: March 7, 2007
Subject: File No. S7-25-06

To The SEC;

I strongly oppose the change to the current definition of an “accredited investor" as applied to Hedge Funds. This will result in a 90% reduction in Hedge Funds, and will be devastating to investors who are attempting building wealth and to traders seeking to manage money.

This change will unfairly discriminate against smart young people who have not had adequate time to amass the necessary 2.5 million in investments and those who work in the industry.

Carrie Kauzlarich