Subject: File No. S7-34-11
From: Trevor Meserve
Affiliation: Engineer

September 1, 2011

Please don't change anything relating to REIT's and how they are treated. They were setup initially based on a set of game rules, and you should not change the game rules during the game. There are many people counting on REIT's and their returns, and changing the rulebook midstream would only cause another form of market crash, distroying many peoples retirement and investments. And it may force all REIT's out of business.