From: Randal Poirier
Sent: April 1, 2005
Subject: File No. S7-06-04

The above proposal is an attempt to unfairly label variable annuity products as being a costly investment option for consumers, since the prospectuses for such products already sufficiently detail all expenses involved with these products. Why doesn't the SEC look to police the conflicts of interest in stock sales and the commissions charged and not disclosed on debt securities?

The life insurance death benefits paid out to families of variable annuity annuitants over the last decade has totalled in the billions of dollars. Why not have that information disclosed on the same proposed disclosure form, next to the mortality expense column?

Sincerely troubled with this nation's moral compass,

Randal Poirier
John Hancock Financial Network