Date:    06/29/2000  9:59 AM

Subject: File No. S7-09-00

Dear Members of the S.E.C.,
     
I understand (via the Motley Fool) that you are 
receiving comments on your proposed requirement for 
Mutual Funds to declare fund returns in after-tax 
percentages.  
     
In my judgment, just as lenders must state A.P.R.'s 
inclusive of loan costs to satisfy "Truth-In-Lending" 
requirements, you will provide a real service to 
investors by requiring Mutual Funds to present 
"Truth-In-Earnings" statements.
     
Thanks for your attention.
     
Steve Tedrow