P.O. Box 2600
Valley Forge, PA 19482-2600
610-669-2689
Lisa_L_Matson @vanguard.com
December 5, 2011
Chad Eskildsen, Esq.
U.S. Securities & Exchange Commission via electronic filing
100 F. Street, N.E.
Washington, DC 20549
RE: Vanguard Chester Funds; File No. 2-92948 (the Trust)
Dear Mr. Eskildsen,
This letter responds to your comments of November 30, 2011, on the post-effective amendment of the registration statement of the above-referenced Trust. You commented on Post-Effective Amendment No. 50, which was filed on October 17, 2011, pursuant to Rule 485(a) in order to add a new series to the Trust, the Target Retirement 2060 Fund.
Comment 1: Prospectus—Tax Information
Comment: On page 4 in the “Tax Information” section, please delete the text following the first sentence, as it is not required or permitted by Form N-1A.
Response: We will remove the text following the first sentence of the “Tax Information” section.
Chad Eskildsen, Esq.
December 5, 2011
Page 2
Tandy Requirements
As required by the SEC, the Fund acknowledges that:
· The Fund is responsible for the adequacy and accuracy of the disclosure in the filing.
· Staff comments or changes in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing.
· The Fund may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Please contact me at (610) 669-5284 with any questions or comments regarding the above responses. Thank you.
Sincerely,
Lisa L. B. Matson
Associate Counsel
The Vanguard Group, Inc.
cc: Brion Thompson, Esq.