Subject: File No. SR-Amex-2005-072
From: donald m mcgowan

January 27, 2006

I am writing about a ETF in silver. I really believe that a fund such as ETF IN SILVER WILL BE A POSITIVE STEP FOR SILVER, and the financial wellbeing of our country.

I have a BS FROM U OF ILLINOIS IN GEOLOGY, AND GEOGRAPHY.MY professional life has been in the metals and petroleum industries.

Therefore, I am interested not only from my personal insterest , financial, interest and the background in metals useage and trade.