Date:    06/05/2000  12:00 PM

Subject: File# S7-09-00

The information proposed by this rule would be most helpful and 
certainly a  more factual total return for any fund.  It would enable 
investors to know the accurate facts regarding how much an investment 
would have grown or lost in past performance after paying the taxes on 
capital gains.  I often wondered why this had not been considered long , 
long ago and am hoping that this rule change will take effect very
soon.
Byron Lieberwitz
5509 Palm Aire Dr.
Sarasota, FL 34243