Subject: File No. S7-06-04
From: Marvin R Souchek

March 1, 2004

I cannot comment on the proposal right now because of the length and magnititude of it. With all due respect, I am asking you to provide us at least a 120 day comment period to digest this information. Your committee didnt put this together overnight, we should therefore be accorded adequate time to review the material and determine how this would impact my industry and myself and as well my clients.