From: W. Edward French III
Sent: January 29, 2007
Subject: File No. S7-25-06

Equal Choice, Equal Access, Equal Opportunity for Hedge Fund Investments

If you were to tell investors that they would be discriminated against because of their gender or race or sexual preference, there would be an outcry. To put it simply: it is a matter of Choice. It is a matter of Equal Access. It is a matter of Equal Opportunity. Congress should change the rules and allow all investors to be truly equal, at least as to opportunity.

W. Edward French III
Highland Asset Management Group