Subject: File No. S7-06-04
From: David A Whittaker

March 24, 2004

This proposal is long overdue, and after examining the proposed forms I can see why many brokerages and fund companies are upset. There is still far too much smoke and mirrors in those industries for all but sophisticated investors to see through, but these forms look to answer the key questions Ive always wanted answered when buying broker-sold funds. It is still nearly impossible for a fund buyer to fully grasp how much a fund purchase is really costing and who is benefiting most when buying load funds through a broker.

Speaking as a personal investor, please stick to your guns and level that playing field for all investors.

How does the SEC propose to work the point-of-sale form into the common purchase-right-now-by-phone-call-to-the broker scenario?