Subject: File No. S7-09-00

Date:    05/29/2000 11:44 AM
     
     
I am all in favor for a rule requiring mutual funds to provide after tax 
data.  I understand the SEC is proposing that the data be calculated  using 
the highest tax bracket of 39.6.  Vanguard provides this information on its 
funds at each tax bracket.  THerefore, it must not be that hard for all funds 
to do this rather than just basing it on one tax bracket.  Investors in lower 
brackets might avoid some funds that would be good investments for them if 
they overestimate their potential tax burden by only having the calculations 
based on the highest bracket reported.
     
Sincerely,
     
Dawn Stahler