From: Tom Moore
Sent: March 29, 2005
Subject: File No. S7-06-04

This proposal is just another regulation that will allow someone to say 'we fixed this problem by adding more requirements' before an investor can invest.

When every car sales company, every TV store, every grocery, every doctor and hospital, etc, etc. disclose exactly what every element of overhead expense and profit is; then we too will comply.

Requirements to reveal the exact sales charge % along with on-going 12b1 fees already exist. What benefit can possibly be attained by requiring duplicate reporting?

At a time when savings is at an all-time low in this country, why would this added requirement be added?

Just say 'NO' to this proposed requirement.

Tom Moore

Registered Principal