Subject: proposed 17j-1 Date: 12/12/98 9:28 AM While the proposed changes are beneficial, they will probably not benefit the average small private mutual fund investor. In my opinion, proven violations of the act should be required to be printed in BOLD FACE in the prospectus of any offending fund company. In addition it should include the action taken to remedy the offense. This notification should be in effect for a period of one year. In addition all adverticements (12b1 type) should reflect the same proven violations for the same period of time. Respectfully, Rodger B. Davis (small Investor)