Subject: File No. S7-06-04
From: Helen Antinoro

March 22, 2004

I think it is about time that Mutual Funds have to show shareholders what the expenses are. They should tell shareholders about the conflicts of interests. I have had mutual Funds for years and their performance has been dismissal. IN the last two years, I have done better in picking individual stocks than the so called experts. What is wrong with this picture.

I think this is long overdue. Based on the information the Funds supply, I can decide whether I want to invest in that Fund or choose another fund.