Subject: File No. S7-06-04
From: James A Sagerholm

March 24, 2004

I am interested only in the total cost involved in a transaction, and do not need to know who specifically gets what. I recommend shortening the form requirements accordingly, thus presumably resulting in a reduction of time costs to the broker/mutual fund, costs that inevitably will be passed on to the investor. The total cost is sufficient info upon which to judge the merits of the investment.