Date:    06/30/2000  3:03 PM

Subject: File No. S7-09-00

     
Mutual Funds are one of many financial instruments an individual investor may 
use. A careful investor will compare the returns of each of these instruments, 
and weigh them against their risks over the time horizons the individual is 
interested in or constrained by. Mutual Funds, by current practices, get an 
unfair advantage over the other instruments by giving what amounts to false 
advertising: They don't have to include the tax costs of their own trading on 
their advertised returns. This advantage is not only unfair, it could readily be
argued as unprincipled: They get to deliberately mislead their current and 
potential customers.
     
I support the SEC's proposed ruling which would require mutual funds to reveal 
their after-tax results instead of the pre-tax results.
     
Thank you for the opportunity to express my views. You've got to love America! 
- Erik Eason
     
P.S.  The Motley Fool made me aware of this opportunity to speak. My thanks to 
them as well.