From: freidadoug@ameritech.net
Sent: Wednesday, March 24, 2004 11:55 PM
To: rule-comments@sec.gov
Subject: S7-06-04:

Ladies and/or Gentlemen:
 
I am disillusioned by the Mutual Fund industry after the late trading revelations 
came out.  Prior to that I was dismayed by the amount of increased advertising over 
television and in magazines that were eating up my investment money instead of 
reducing my administrative fees to the funds.  So I think figures on how the fees 
are used, give a breakdown, in the prospectus would be very helpful so I can 
compare which funds are keeping their expenses down and compare funds on this 
basis.  Weitz funds have been very good this way, I think, but Fidelity and T Rowe 
Price very bad, for example, but I can't fully evaluate this because I don't have 
the figures.
 
As a consequence, I have decided to go to all individual stocks and bonds, with no 
mutual funds in my portfolio.  I hope this helps give you some perspective as to 
how these issues you are trying to expose have affected one investor.


Douglas Donnan
238 Sedgewick Circle
St. Charles, IL  60174