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Subject:  Re: vanguard index fund Date:  9/22/1999  5:28 PM
Author:  joelmore Number:  14013 of 90115

According to the April 30, 1999 prospectus, there is a $2.50 per quarter account maintenance fee charged on Vanguard 500 Index Fund accounts under $10,000. The prospectus goes on to note "The account maintenance fee will be deducted from your quarterly distribution of the Fund's dividends. If your distribution is less than the fee, fractional shares will be automatically redeemded to make up the difference."
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