0000932471-08-001095.txt : 20110304 0000932471-08-001095.hdr.sgml : 20110304 20080422130910 ACCESSION NUMBER: 0000932471-08-001095 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD EXPLORER FUND CENTRAL INDEX KEY: 0000034066 IRS NUMBER: 510106626 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 BUSINESS PHONE: 6106696295 MAIL ADDRESS: STREET 1: P.O. BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD EXPLORER FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: EXPLORER FUND INC DATE OF NAME CHANGE: 19900305 CORRESP 1 filename1.txt SHIP LOGO VANGUARD(R) P.O. Box 2600 Valley Forge, PA 19482-2600 610-503-2398 Barry_A_Mendelson@vanguard.com April 22, 2008 Christian Sandoe, Esq. U.S. Securities & Exchange Commission via electronic filing 100 F Street, N.E. Washington, DC 20549 RE: VANGUARD EXPLORER FUND FILE NO. 811-1530 Dear Mr. Sandoe, The following responds to your comments of April 14, 2008 on the post-effective amendment of the registration statement of the above-referenced registrant. You commented on Post-Effective Amendment No. 81 that was filed on February 26, 2008. COMMENT: On page 37 of the prospectus, under the heading "Low Balance Accounts," you state that the fund reserves the right to liquidate any account whose balance falls below the minimum initial investment amount. Please clarify that this is not the case for Admiral shareholders. RESPONSE: The sentence will be rewritten to add clarifying language, as follows (new language is capitalized): "The Fund reserves the right, without prior notice, to liquidate any investment-only retirement-plan fund account or any nonretirement fund account whose balance falls below the INVESTOR SHARES minimum initial investment for any reason, including market fluctuation." We will make conforming changes to prospectuses of other Vanguard funds over the summer. * * * * * * * * COMMENT: TANDY REQUIREMENTS ------------------------------------ As required by the SEC, the Funds acknowledge that: o The Fund is responsible for the adequacy and accuracy of the disclosure in the filing. o Staff comments or changes in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing. o The Fund may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Sincerely, Barry A. Mendelson Principal The Vanguard Group, Inc. Enclosures cc: Christian Sandoe, Esq. U.S. Securities and Exchange Commission