From: John D. Poppe, Jr.
Sent: November 29, 2005
Subject: File No. S7-10-05

As an investor, I will continue to require all proxy and company information in paper format. The reality is that this ruling (“Notice and Access”) will require individuals to print out the information which is a cost burden an investor does not have at present. By implementing this rule, the SEC is shifting the printing cost from a company to an investor. Considering the efficiencies of scale a financial printer realizes over an individual investor the net effect of this ruling is to increase the overall cost of shareholder communication.

John D. Poppe, Jr.
Chapman Associates
1556 Third Avenue
Suite 410
New York, NY 10128