From: Donald E. Hedrick
Sent: April 1, 2005
Subject: File No. S7-06-04

I have been in the financial business for over 45 years.

Please, please, please, don't require another disclosure. Our clients are burdened down now, as are we, with form, after form, after form. This is getting rediculous and no matter how many disclosures you require, the crooks will still be crooks and honest reps will be honest. Reasonable is reasonable and we have gone way past being reasonable. Please reconsider the implementation of this additional requirement. It will not be beneficial to public customers nor to us in the industry.

Thanks for listening.

Donald E. Hedrick, CLU, ChFC, LUTCF