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Less aggressive compound. Step No. 1 in the Finesse-It 3000 process as indicated on the label (the process includes Step #1, 3M's 06085, Compound for most paints or 06060, Extra Cut for hard paints; step #2, 06064, Swirl Mark Remover; & 06068, Ultrafina SE [Swirl Eliminator] for dark colors or difficult swirl marks).
Designed to remove 1200 grit sanding marks on hard and well cured paints. Use with a wool pad to leave only a fine swirl-marked finish. Follow with Perfect-It 3000 Swirl Mark Remover 06064 on a foam pad.
The Doctor recommends using this product when there is very little gloss left to your finish.
Available in gallons as 06061
What 3M says:
An upgrade from and replaces 3M Perfect-It III Extra Cut Rubbing Compound, 05936 (quart) and 05940 (gallon) as of April 1, 2005
3M Perfect-It 3000 Extra Cut Rubbing Compound is designed to remove P1200 and finer sand scratches with a wool pad, or P1500 and finer sand scratches with a foam pad. Works on fresh or cured automotive paint surfaces leaving a fine swirl mark finish.