Subject: File No. S7-06-04
From: Armand C Batocabe

April 1, 2005

I am requesting an extension on the comment period for at least an additional 30 days for the SEC Proposal on Point of Sales & Confirmation Disclosures. I have not been able to review in detail the proposal. As a manager in operations it is important for me to have the opportunity to completely review the proposal since it will be a major impact in my department. Thank you for your consideration for my request for extension.