Subject: File No. S7-11-09
From: Paul McAlister

August 10, 2009

I think that allowing the per-share value of money market funds to float, rather than being pegged to a constant $1, is a bad idea.

It seems like this would severly damage the whole concept of Money Market Funds, and would cause them to just become short term bond funds.

The whole idea of these funds is the confidence that each share is always worth $1.