Sent: Monday, March 22, 2004 2:02 PM
Subject: S7-06-04:

The complexity and extent of detail that you sent
makes it virtually impossible for the small investor
to know the true details of your proposals, but
assuming your summary is accurate, I agree with them,
for the more that is known about any possible conflict
-of- interest, the more a valid investment decision
can be made.

Stanley Marcus