Date:    06/28/2000  12:19 PM

Subject: File No. S7-09-00

Gentlemen:
     
Regarding the proposed rule to require mutual funds to disclose after-tax 
returns based on standardized formulas comparable to the formula currently 
used to calculate before-tax average annual total returns, I would like to 
add my $.02.
The proposal reminds me of an old saying that figures don't lie but liars 
figure. Given the size of the mutual fund industry in this country and it's 
impact on investors, I support any proposal that will help investors get to 
the truth about investment returns. Many of the funds would like to hide 
their poor performance from investors, but I think that performance should 
be readily available for all to see.
     
Thanks.
Al Perna