Dear Chairman Levitt: I recently became aware of the consideration by the Securities and Exchange Commission to permit funds to use profile prospectuses. The format for these documents in the material in which I read of the proposed prospectuses appear to be an important step forward. I understand that the new approach has been under revue for the past 3 years. Further, I understand that it will take possibly another year or two to become fact. May I respectfully suggest that the SEC make every effort to initiate the action necessary so that profile prospectuses can be in the hands of the mutual fund investor at the earliest possible date. May I have an indication of the status of the profiles prospectuses. Harold Rosenblum 1325 Classic Drive Longwood, FL 32779 email: H1325@aol.com