From: Benjamin Clauss
Sent: January 29, 2007
Subject: File No. S7-25-06

I am an investment professional & I would like to make my opinion known.

I think it is unwise & unfair to implement a rule that limits the investment options for a broad class of investors purely based on net worth. Why should only the rich be allowed to participate in many funds run the world’s most successful managers? I strongly feel nearly all investors should have similar access to the investments of the highly affluent.

One possible suggestion would be to limit such investments to a % of net worth. Thus, even an investor with "only" a $500K liquid net worth might only be able to invest a maximum of $50K in such investments. Another alternative would be to require the investor or their respective investment advisor demonstrate some minimal investment knowledge via test or certification.


Ben Clauss

Benjamin Clauss, CFA
Merrill Lynch
Ray, Ellison & Clauss Group
Assistant Vice President
864-298-0802, 800-361-8993