Subject: File No. S7-06-04
From: Chad Stockett
Affiliation:

March 30, 2005

Jonathan G. Katz Secretary, Securities and Exchange Commission 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.

This information is already in the prospectus. If you add additional, dulplicate pages to be disclosed separately, you will only detract from the prospectus information, which is already information overload.

Finally, any disclosure that only discusses investment fees and expenses with no regard to overall returns or services provided by the representative is not a fair dislclosure. Low fees do not necessarily correlate with the best investment.

For these reasons, I urge the SEC to withdraw the proposed rule.

Sincerely,

M. Chad Stockett, CPA