Subject: File No. S7-28-07
From: William D McAllister
Affiliation: Private individual and voter

November 27, 2007

Current disclosure statements are definitely unreadable for the average citizen investor.

The simplification proposed is needed and would be appreciated at least by me. I would particularly request that simple calculations for all fees be included and even better would be a requirement that all fees be specifically stated on the monthly or at least yearly statements.