Subject: File No. S7-06-04
From: J Craig Bell

March 16, 2004

I support the proposed rule change. The disclosure of more information will help consumers understand how the system truly works. The mutual fund industry has historically disclosed much more than traditional stockbrokers, and this is to the credit of the fund industry. In the same vein, I would like to see the fund industry take the lead as it has before in providing enhanced disclosures. Thank you tfor the opportunity to comment.