Subject: File No. S7-06-04
From: Michael Keenan, CFA

March 17, 2004

March 17, 2004

I am in favor of the increased disclosure, though the form is a bit long. Perhaps funds should be allowed to send an abbreviated notice immediately if they want and then send the complete notice as part of the next statement mailing.

More important to me is additional information on fund expenses, in particular brokerage expenses and other charges that are now not made clear in fund income statements.

WMK