While mutual funds aren't technically required to start using the short-form, summary prospectus until 2011, companies that switch early could see significant savings in printing and mailing costs.

Late last year, the Securities and Exchange Commission pushed through a requirement for a short, three- or four-page, plain-English summary of a fund's basic information-such as the fund's objectives, fees, investment strategies, risks and returns, portfolio managers and tax information-intended to replace the full, statutory prospectus that firms have been mailing clients and potential clients for years.

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