From: Sarah Dowson
Sent: December 28, 2007
Subject: File No. S7-28-07

I am very much in favor of enhanced disclosure of fees and expenses in mutual funds. Make it easy for investors to judge the "bite" that fees and expenses take out of their returns on mutual funds over time, as is recommended by John Bogle in "The Battle for the Soul of Capitalism". Bogle says mutual fund managers are awash in profits from fees and have little incentive to make fund operations transparent to investors--the losers.

Sarah Dowson