Subject: File No. S7-06-04
From: Joseph B Dixon
Affiliation: President, Dixon & Associates Investments

April 1, 2005


These proposed new rules just reached my desk today, April 1, 2005. I understand the SEC has proposed a cut off for commentary of April 4. This is unacceptable. Please accept this letter as a request for an additional 30 days to determine the impact that these rules will have on not only the investment business in general, but my company and my livelyhood IN PARTICULAR

I would certainly like more time to figure out how much the extra cost of meeting these proposed rules will be. Especially since these costs are going to be passed on to the general investing public


Joseph B. Dixon
Dixon & Associates Investments
21617 W. River Road
Grosse Ile, MI 48138