Subject: File No. S7-06-04
From: George E. Davidson, Mr.

March 15, 2004

Many times Ive been approached by mutual fund sales people who attempt to sell me shares, other than A class shares, and tell me I will pay no load or commision. Moreover, when I explain that I only buy no load funds, often the fund sales person attempts to steer me away from no load funds by telling me that no load funds have hidden marketing cost and charge high management fees. Further, they often push dogs for no other reason than the dogs have fat loads.

I support new rules and stiff penalties for people who break trust with their clients.