Subject: File No. S7-06-04
From: James R Lesko, PE

March 20, 2004

I strongly support increased disclosure of fees and costs as well as the relationship between brokers, dealers, financial advisors and corporate management and the financial products and bussiness in which they may have financial interest. A more open system would greatly benefit individual investors both in terms of making decisions about the amount of risk they are willing to assume as well as restoring confidence in our investment institutions.