Gentlemen:
     
     I heartily endorse a policy which would result in simplification of 
     mutual fund prospectuses.  Although I generally read each prospectus 
     in detail while making a purchase judgment, I am aware of many who do 
     not.  I have had to summarize prospectuses to family members who, 
     although they hold college, and graduate school degrees, are daunted 
     by the "legalese" and convoluted phraseology of these documents.  
     These people would be more inclined to read a simple, straight-forward 
     description of the costs, the investment policies and the purchase and 
     redemption procedures if they were simply stated.
     
     Marvin L. Kohn