Subject: File No. S7-06-04
From: IRENE M VILONA-LABONNE, CFP

March 16, 2004

YOUR PROPOSED REGULATIONS REGARDING THE CHANGES IN THE MUTUAL FUND INDUSTRY ARE OVER 100 PAGES IN LENGTH AND ARE WAY TOO LONG TO BE GIVEN APPROPRIATE COMMENTS IN 60 DAYS.
THERE SHOULD BE AN EXTENSION GRANTED FOR THE COMMENT PERIOD TO AT LEAST 120 DAYS IF NOT LONGER. THIS LEGISLATION IMPACTS MANY PEOPLE, NOT JUST INVESTORS.
IT SHOULD BE GIVEN EVERY CONSIDERATION BEFORE COMMENTS ARE CLOSED.
SINCERELY,

IRENE VILONA-LABONNE
CERTIFIED FINANCIAL PLANNER
REGISTEREED INVESTMENT ADVISOR