From: Paul E. Banko
Sent: March 30, 2005
Subject: File No. S7-06-04

The proposed change which would result in additional, duplicated disclosure without the benefit of adding the positive features of mutual funds and variable products is a counter-productive measure which adds more paperwork to an already over-burdened subject.

Requiring a separate, duplicative document would run counter to the efforts of the SEC over the past decade to simplify the contents of prospectuses. Instead, regulatory efforts should be focused on getting consumers to carefully read the prospectus they already receive.

Please try to reduce the paperwork, sufficient controls are presently in place.

Paul E. Banko

Financial Advisor
Financial Services Representative

MetLife, 23710 U.S. Highway 98, Suite A, FAIRHOPE, AL 36532
Tel:251.990.6475 Fax:251.990.6459 Cell:251.533.8075
Web: Email:

Life Insurance and annuities offered by Metropolitan Life Insurance Company, New York, NY 10166. Securities offered by MetLife Securities, Inc. New York, NY 10166 Members NASD, SIPC. Auto & Home insurance offered by Metropolitan Property & Casualty Ins. Co. & affiliates, Warwick, RI