Subject: File No. S7-06-04
From: James P Liebmann

February 22, 2004

Generally, I like the forms. However, I believe that the information is provided too late in the process. I would like to see pro forma versions of the Point of Sale forms included in the Prospectus. They should use the same hypothetical amount usually 10,000 that is used in other parts of the prospectus.

In addition, the rule and the forms should be designed so that the Fund Companies cannot wiggle out of the spirit of this rule by designing new classes and/or fee structures that would escape the rule.

Thanks for giving me the opportunity to comment.
James P. Liebmann