July 10, 1996
     
     
     
Arthur Levitt, Chairman
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C.  20549
     
Dear Mr. Levitt:
     
I am sending this note to encourage the SEC, under your leadership, to 
approve the use of the profile prospectus for the mutual fund industry as 
soon as possible. I am an educated and experienced mutual fund investor; yet 
I still find the long form prospectus overly technical and confusing. The 
profile prospectus is easier to read, easier to understand, and would let me 
(and millions of other investors) make more informed investment decisions 
than does the conventional prospectus. The profile prospectus lets key risk 
factors be spelled out in straight forward fashion, something that is sadly 
lacking with the current form (and not improved by the Statement of 
Additional Information).
     
Mutual fund investors need, and deserve, a user-friendly prospectus instead 
of the cumbersome document currently used. Please give us your support and 
ask the SEC to act now in our behalf. Thank you.
     
Sincerely yours,
     
     
     
Denis J. Hom, M.D.
2715 62nd Ave. S.E.
Mercer Island, WA  98040-2428
     
docdenis@aol.com