Subject: File No. S7-06-04
From: Mike Sienkiewicz

February 16, 2004

The forms are informative and will help clear up some gray areas that have caused client abuse.

Atachments 2, 3 and 5 could use some additional information regarding the date the funds are comission free. on 2 and 3 a line directly under the Date of Transaction 1/1/05 could read Commission Free 1/1/12, on 5 the line could be to the right of 1/1/05.

Attachment 5 should also list the years the comission is reduced and what amount. On 2 and 3 the one year , two years, three years should be changed to be the actual date. If they can put 1/1/05 down, its not hard to accomplish this.

The Point of Sale document should be either handed or mailed to the purchaser prior to the purchase. If one is buying a fund for the long haul, a day or two will not make a big difference and the decision to purchase can be made without the pressure of the seller. Whats that old line, Never trust a person out of breath.