Subject: File No. S7-06-04
From: Charles S Pugsley, III

January 30, 2004

I am in a company sponsored 401k retirement plan through The Hartford company. I have no way to determine how many shares of the mutual fund I selected to invest in are purchased each month, what date they are purchased, what price is paid, how much I am being charged in fees, and how the price of the annuity units I own are computed. It seems that Hartford has converted what I was told was a mutual fund investment into an annuity investment to escape SEC regulations and completely hide investment expenses and performance from me.

I believe that all 401k plans advertised as investments in mutual funds should in fact be mutual fund investments. The number of shares purchased, date of purchase, dollar value of purchase, and all associated fees must be disclosed for each purchase.