From: Michael Conway
Sent: March 29, 2005
Subject: File No. S7-06-04

Michael Conway
620 Erie Blvd. West Suite 202
Syracuse, NY 13204

Jonathan G. Katz
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549-0609

Jonathan Katz:

I am a licensed insurance professional and variable products salesperson.

I am writing to you because the new disclosure requirements contained in the SEC's proposal regarding the sale of mutual funds and variable products are unnecessary and will provide no meaningful additional protection to consumers.

We are presently resposible to our broker-dealer for suitability including disclosure of sales loads. That, in addition to the information within the prospectus also required is more than adequate to provide consumer protection. Please don't do the common knee jerk reaction to over legislate when a problem occurs and cause essentially meaningless and costly duplication.


Michael O. Conway, CLU,ChFC