Subject: File No. S7-06-04
From: Thomas Walborn

March 20, 2004

I have reviewed the proposed forms and approve. I will find them useful and I believe that new investors will especially benefit from this information.

I have not read the entire proposed ruling although I tried.

I would anticipate that the broker/dealers will complain about the cost of these notifications. I ask that the SEC not allow the costs to be passed along to consumers.

Thank you for this opportunity to comment.