Sent: Tuesday, February 17, 2004 3:22 PM
Subject: (s7-06-04) Mutual fund fees

In an effort to help participants understand the fees they are paying,
please consider ranking a fund's total management fees similar to the way a
fund's performance can be rated relative to its peer group.  Fees could be
classified either by a percentile ranking or by a graded system.  The
ranking would be clearly labled next to the management fee disclosure.

Nothing is either good or bad, except by comparison and this would help the
average investor understand if their fund is competitive.  In addition, it
would put additional pressure on the more expensive funds to lower their
fees.  The average investor must know how a fund compares in its peer group,
as a bond fund will almost always be cheaper than an international equity
fund.  However, some bond funds are more expensive than others and should be
identifiable.

Thank you for your efforts.

Sam Hulse
Director, Retirement Plan Services
Higginbotham & Associates, Inc.-Your Source for Insurance and Financial
Services for 55 Years
Princor Registered Representative
500 W. 13th
Fort Worth, TX  76102
(817)347-6959
Securities offered through Princor Financial Services Corporation,
800/247-4123, member SIPC, Des Moines, IA  50392