Dear Mr. Levitt:
     
	The proposed "profile prospectus" for mutal funds, which has 
no opposition, would provide investors with the information they 
need to evaluate a mutual fund, while the current prospectus 
requirement actually discourage the dissemination of information by 
hiding facts in a fog of verbose legalese. Please take such actions 
as may be required to promply approve the use of this new document.
     
	Thank you very much for your consideration.
     
Sincerely,
     
Joe Johnson
225 Caliente Dr.
Birmingham, AL 35226