Subject: File Number S7-09-00

Date:    06/21/2000 12:17 PM
     
     
Gentlemen:
     
I applaud your decision to consider requiring investment firms to reveal 
after-tax returns in their past performance disclosures. I see that some mutual 
fund companies are already doing this, but
I feel this pending legislation should become law.
     
Please vote yes on this measure. 
     
My only concern is that the after-tax return should be calculated using the more
realistic 28 percent tax bracket rather than the high-end income bracket of 39.6
percent. Most mutual fund investors are in the 28 percent bracket, so it only 
makes sense to use that number. 
     
We, as investors, need to know up-front not only how funds performed, but how 
much of the gains we get to keep. Thank you for allowing public input via email.
     
Yours truly, Jean W. Bridcut