Subject: profile prospectus
Date:    4/18/97 10:30 AM
     
     
Dear SEC Folks,

        First off, I would like to congratulate you on the fantastic job you
guys and gals do regulating the securities industry.  You really keep it 
clean, and this pays off for everybody by making the U.S. securities 
markets so fair and efficient.

        I am writing today about the proposed "profile prospectus" for mutual
funds.  As an experienced investor in both stocks and mutual funds, I 
think that the part where one invests and THEN the fund sends you the 
prospectus is a bad idea.  Would I buy a car, then receive the sales 
contract?  No, I look at what I am signing before forking over the 
money.  The profile prospectus itself is a fine idea;  the shortened 
document should provide a more accessible summary of fund performance 
for the investor.  However, I have often found interesting details like 
lack of limitations on investment types buried in the full prospectus, 
details that at times lead me to not invest in a particular fund. 
Please continue your superb track record of protecting the financial 
consumer by requiring that the full prospectus be sent before an 
investment in a mutual fund is made!
     
     
Thanks for your consideration,
     
     
Peter Niels Heller