Subject: File No. S7-06-04
From: Martin Vanderlaan

March 15, 2004

By all means, let us have more information, and more sunshine into the process. However, all of this additional disclosure should be in plain English, not legalese, and the current 12b fee of 0.25 should be sufficient to cover this additional disclosure. In other words, this should not provide one more excuse to raise fees.

Thanks.