too many files

Dear Managers,

Does anyone know if you can expect performance degradation on a system 
if there are folders with a large number of files in them?

In this case I am talking about 32,000 files.

Tru64 5.1b

Thanks,

-- 
Joe Evans, 
Technical Services Manager, 
Management Information Systems, 
King's College London, 
57 Waterloo Road, 
London SE1 8WA 
Telephone:020 7848 3774