Mr. Arthur Levitt, Chairman
SEC
Washington, DC
     
Mr. Levitt:
     
I have just finished reviewing the Profile Prospectus in the August edition of 
Mutual Funds Magazine.  As a long term and large scale investor in mutual funds,
I typically examine literally dozens of mutual fund prospectuses each year, and 
I strongly encourage you to adopt a more user friendly form such as the sample 
contained in this magazine.
     
In their current form, fund prospectuses are mind numbing exercises in 
discouraging rather than informing investors.  I'm not sure even lawyers can 
wade through all the legal nonsense that they currently contain.  Please help to
make them simple, concise and to the point.  The market needs more informed 
investors, and you could help save a few trees along the way.
     
John F. Peters
71052.1006@compuserve.com