Subject: Mutual fund rule making
Date:    6/9/97 9:32 PM
     
     
Greetings, 
     
As you move ahead to make mutual funds more user friendly I offer the 
following suggestion: 

    Like many others mutual fund investors I have to scramble at the end of
the year and send the IRS additional estimated taxes because of the lateness 
of the capital gains, interest and dividend distributions from the mutual 
fund companies. I suggest you consider requiring or at least suggesting 
that MF companies give shareholders an estimate of distributions 
earlier in the year. This thought was prompted by a report I received from 
the Brandywine Fund the first of April informing us there would be at least a 
$4.40 per share distribution and that there remained unrealized gains of 
$3.45 and unrealized losses of $1.30 as of 3/31/97. If Brandywine can give 
this information well in advance which enables shareholders to make more 
accurate estimated tax payment surely the other equity mutual funds can do 
the same. Thank you for your consideration. 
     
E12CHAT@AOL.com