Subject: File No. S7-35-11
From: cynthia garolis

September 2, 2011

I am a investor within 10 years of retirement who has been looking for alternatives to conventional equities due to the volatility of the past decade. I found mortgage Real Estate Investment Trusts to be an attractive alternative and have been investing in them for over a year. I fear that am will lose a significant income opportunity if rules are changed.

I urge to you please not propose or make any changes in the rules regarding mortgage REITs at the present time. I feel that this would adversely affect myself and many additional investors who have been decimated by the past two major market downturns and have attempted to make up the losses through income. Please do not change the rules regarding MBS and mREITs at this time.

Thank you for your attention.