Subject: File No. S7-08-15
From: Ruth E Kane

October 31, 2016

Please do not eliminate the default for paper-based shareholder reports. Many of us prefer to receive this information in paper form. I think it is pretty clear that anyone who wants to can already sign up for electronic versions of this information. I am a senior who is fairly computer savvy, but I don't want to be reading shareholder reports on pdf files on my computer. Thank you.