Subject: File No. S7-06-04
From: John Bruso, CFP

April 3, 2005

I am requesting an extension of the comment period for mutual fund disclosure for at least 30 days. My primary concerns are the additional cost and limited benefit of the proposal. My primary clients have been teachers and non-profit employees for the last 27 years. Most are contributing 100 or less per pay period twenty times per year. Some have A, B or C shares. I always fully disclose this in initial presentations. Perhaps what you need to see are single page, clear disclosure forms as to costs relating to ALL insurance, annuity, stock, bond and mutual fund sales.
For now I think you need to give us more time for designing mandatory forms that allow the public to make a truly informed decision.

Respectfully submitted,

John Bruso, CFP