Subject: File No. S7-06-04
From: Jimmy Brake

February 20, 2004

I received your packet in the mail regarding mutual fund fees expenses.

I contacted the SEC to file a complaint against American Century in the past because they changed there investment policy in mid-stream and based on the amount in my investment, They automatically redeemed my current shares when the market was way down, causing me to lose money.

I basically received no help from the SEC regarding this. I was very disappointed that your organization did nothing, and I lost money.

This should be another illegal activity from mutual fund companies. You should put this on your agenda.


J. Dean Brake
Investor that lost money