Date:    3/24/98  11:51 AM
Subject: File No. S7-18-96
     
     
Gentlemen:
     
I am not sure if my comments apply to this rule or another, but I think 
that Mutual Fund Administrators should be required to report annually 
their salary from the fund they are managing and how many shares of the 
fund they own. Compensation should also include any received from the 
Management company.   The same rules that apply to public corporations 
should apply to these individuals.  If there are a family of funds, they 
should report their salary from a specific fund, all funds in the family 
and the Management company.  This rule should apply to the top ten 
employees if their salary exceeds $150,000.
     
Considering the amount of money managed by funds today and the general 
passivity of many investors, fund managers pretty much do as they 
please.
     
I think this information should be included in the summary sent to 
investors before they invest so they have an opportunity to evaluate the 
"greediness" of particular managers.  Even tho expense ratios are low by 
industry standards, the size of some of these fund families can hide a 
significant amount of salary that could give investors second thoughts 
about the fund(s).
     
Thank you for your consideration.
     
I am a personal investor for my own account with investments in several 
mutual funds.