Subject: File No. S7-06-04
From: Bob Gardner

March 23, 2004

As an individual investor, I strongly favor increased information and disclosure as the best market-based approach to conflicts of interest.
I also HATE fees of all kinds, but perhaps none more than those that I cannot see.
Finally, I want to know this information earlier than immediately before the sale point of sale. Does this proposal include being published in the prospectus ? IF NOT, THEN IT SHOULD.
Thank you for your efforts to give me better and more honest information BEFORE I choose a product.