From: Michael Chapman, CFP
Sent: January 29, 2007
Subject: File No. S7-25-06

To Whom it may concern,

While I do not use hedge funds for my clients. The idea of allowing only the wealthy (2,500,000 net worth) to have access to hedge funds is just plain wrong! Yes folks should have to sign paper work that they understand what they are investing in. But, there should not be a discrimatory bar set based on a certain amount of net worth or liquid assets. You are simply paving the way for the continued widing of the have's and the have nots. The amount of money one has does not reflect the level of sophistication.

Michael Chapman, CFP