Date:    06/04/2000  8:33 PM

Subject: S7-09-00

Thank you for proposing rules on mutual fund disclosure of after-tax returns. 
As a mutual fund investor, I strongly support mandatory disclosure in this area.
 Given the significant effect of taxes on returns and the frequently misleading
publicity given to before-tax returns, I believe the SEC would be helping to 
provide investors with information important to our decision-making.
     
I understand that the information you propose to make mandatory will be based on
the highest federal tax rate.  I suggest that you consider showing the tax 
effects for the 28% tax bracket, as that rate probably better reflects the tax 
situation of the average investor.
     
Bruce Campbell, Ph.D.
Palo Alto, CA