I actually dislike both options. :) What is wrong with labeling something for what it is? If it's your contacts (or my), say "Contacts". I use tools repeated

I actually dislike both options. :) What is wrong with labeling something for what it is? If it's your contacts (or my), say "Contacts". I use tools repeatedly. The extra words amount to line noise after awhile. A UI should say what it has to, nothing more.