From: Gerald J. O'Bee
Sent: March 30, 2005
Subject: File No. S7-06-04

RE: New Disclosure Requirements for Sale of Mutual Funds and Variable Annuities

The proposed requirements add no value to the customer in the sales process. It actually adds confusion and increased unnecessary paperwork.

As a licensed insurance professional and variable products salesman I believe the Prospectus already contains all the information that would be gleaned by any extra paperwork.

Why further confuse the customer whom the SEC is trying to protect? If a one-pager would be helpful, then use the fees and expenses pages of a prospectus.

Also, lower fees doesn't always mean higher returns and less risk.

For these reasons I strongly recommend that the NASD withdraw the proposed rule.

Thank you for your consideration of my thoughts on this matter.

Gerald J. O'Bee, CLU, ChFC, CLTC, CSA
MassMutual Life Insurance Company
3152 Peregrine Dr. NE; Suite 110
Grand Rapids, MI 49525