Subject: File No. S7-25-06
From: William G. Stone, M.D.
Affiliation: Physician

February 26, 2007

I believe it is unfair to raise the limits for people who would like to invest in hedge funds.

My net worth has dropped because I own so many pieces of property.

I have been involved in the stock market and commodity market since 1948. I do understand the risks. I believe it would be unfair for me not to be able to take the risks that I understand.


William Stone M.D.