From: Ronald L Engstrom
Sent: March 31, 2005
To: rule-comments@sec.gov
Subject: File No. S7-06-04


I am opposed to these proposed new regulations, which is a duplication of information already contained in the prospectus. I would rather see the SEC concentrate on removing dishonest reps and brokerage firms from our industry. The problem is not adequate disclosure, but rather dishonest people in our industry.

NORTHWESTERN MUTUAL FINANCIAL NETWORK

Ronald L Engstrom, CLU, ChFC
Financial Representative
7030 S Yale Ave Ste 800
Tulsa, Oklahoma 74136