Subject: File No. S7-06-04
From: John Grover

March 30, 2005

I am a licensed insurance professional and Registered Rep.I feel the Sec proposal of new disclosure requirements is unnecessary. Our customers already receive a prospectus which includes fees, charges and all the details they need to make an informed decision. Some companies also have additional disclosures that we now use. This new regulation would be a duplication of current requirements. I have been in this industry for 20 years, and it is getting harder to help customers plan for their future.Some people just won't do the necessary things to comply now. My view is that we need to encourage people to invest and protect their families and keep the process simple. Otherwise they won't do it. For these reasons I urge the ANDS to withdraw the proposed rule.Thankyou for your consideration of my views on this matter.

John Grover
Financial Consultant