Subject: Profile Prospectus
Date:    5/5/97 9:22 AM
     
     
Good Morning,
     
I have been reading about the possibility that something called profile 
prospestuses are being considered as substitutes for the full prospectus 
delivery before fund purchase.
     
I want to be on the record as opposing such a change as it most assuredly 
will lead to further abuses in the mutual fund industry.  Many funds barely 
consider owner interests today and this change could only make it worse.  
     
In my life I have been burned by excesses in the real estate industry and 
in the selling of limited partnerships.  I do not intend to participate in 
a mutual fund melt-down too.  If you (the agency who is supposed to 
watching out for the public and not the industry) do not protect us from 
such abuse then you could be participating in, at best, a slowing of public 
interest in investing in mutual funds, or at worst, another investment 
debaucle.
     
Hoping you will take an interest in the little guy (but knowing you 
probably won't),
     
Jim Finley
San Jose