Subject: File No. S7-06-04
From: Douglas J Fleming

March 19, 2004

To whom it may concern - I strongly support the idea of requiring more complete disclosure of additional fee information and how firms benefit from the sale of any financial products, including those that are referred to in this particular case.

In order that consumers are able to more comfortably make an investment decision, it is critical that we understand how such purchases benefit the seller.

Thank you for your consideration.