Date:    06/29/2000  12:14 AM

Subject: File No. S7-09-00

We support the proposed rule to require mutual fund companies to reveal their 
after-tax results.  They should ignore state and local tax consideration and 
figure their results based on the highest individual federal income tax rate. 
 This would provide investors with a better expectation of performance.
Thank you for your consideration in this matter.
     
Robert H. Hale, Jr.
Caroline R. Hale