Subject: File No. S7-09-00

Date:    04/26/2000 10:26 AM
     
     
     
     
Vangard has shown that it can show tax information on funds for all tax 
brackets, not just the 39.6% level.
Please adjust your proposal to include reporting for all tax brackets.
     
Sincerely, John Laidlaw (john_laidlaw@em.fcnbd.com)