From: William B. Frymark
Sent: March 14, 2007
Subject: File No. S7-25-06

I am opposed to the proposed change by the SEC defining an accredited investor by changing the minimum net worth to $2.5 million from $1 million. It would preclude individuals who would like to invest just because they do not have a huge amount of money. I believe they are just as intelligent as any investor and are probably more careful with their money than those who have greater funds to invest.

William B. Frymark