Vanguard Specialized Funds
                                  P.O. Box 2600
                             Valley Forge, PA 19482
                                 (610) 669-1000

                                 February 1, 2006

United States Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Attention:  Ruth Sanders, Senior Counsel

         Re:      Vanguard Specialized Funds (the "Trust")
                  Registration No. 2-88116
                  File No. 811-3916

Dear Ms. Sanders:

     Pursuant  to Rule  477(a)  under  the  Securities  Act of 1933,  the  Trust
requests the withdrawal of Post-Effective  Amendment No. 54, filed September 23,
2005   (the   "Amendment").   The   Amendment's   EDGAR   accession   number  is
0000932471-03-001558.  The Trust requests the withdrawal of the Amendment on the
grounds  that we plan to refile the fund with a different  name.  No  securities
were sold in connection with this offering.

     Please  direct any  communications  concerning  this  filing to me at (610)
503-2320.

Sincerely,

VANGUARD SPECIALIZED FUNDS



Christopher A. Wightman
Assistant Secretary