Subject: File #S7-18-96
Date:    5/26/97 8:58 AM
     
     
Jonathan G Katz, Secretary
Securities and Exchange Commission
450 5th Street N.W.
Washington, DC 20549-6009
     
Dear Sir:
     
I am writing in support of the new profile proposal and related new rules for 
the development of a kinder, simpler, user-friendly alternative to today's 
cumbersome, legalistic, verbose fund prospectuses.
     
I have been investing in mutual funds for about 35 years now and when I started 
I tried to read all the information carefully and only found myself getting confused and
distracted from the material.  Thereafter, I usually only tried to review the 
highlights of the prospectus and the annual report, which was not very adequate for being 
fully informed.
     
This new concept of defining the nine key questions is a godsend to the small 
investor and will go a long way to understanding what we really are investing in rather 
than having to go to the library and reading Morningstar and Value Line to get some 
straight answers and information.
     
This can only be PROGRESS AND I ENCOURAGE YOU TO ENACT THIS FOR THE PUBLIC 
BENEFIT.
     
                                                Financially yours,
     
                                                        Robert S. Cline
                                                        801 Stuart Drive
                                                        Sanford, NC 27330-7625