Date:    06/29/2000  10:55 AM

Subject: File No. S7-09-00

Mutual Funds should be required to show "standardized after tax returns" in 
their advertisements. Vanguard does a good job in this area and their 
methods could be set as the standard.
     
Thank you!
     
Bruce Bajema 
An investor who has learned the "hard way" about Mutual Funds due to their 
non disclosure of real costs.