Subject: File No. S7-06-04
From: Kathy Sasser

March 30, 2005

Jonathan G. Katz
Secretary, Securities and Exchange Commission  
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549-0609

Jonathan Katz:

I am registered borker and a licensed insurance professional and variable products salesperson. (for over 30 years) I am writing to you because the new disclosure requirements contained in the SEC's proposal regarding the sale of mutual funds and variable products are unnecessary and will provide no meaningful additional protection to consumers. In fact my clients already complain that there is so much more paperwork to go through and have explained that all the time is concentrated on fees, etc. that they miss out on the different features the products offer and which one makes the most sense for them in their planning process. We are overregulated now and this is just a duplicate step that is not going to do anybody any good. The AARP has seniors whipped up in a frenzy the way it is. They have turned our hard working older people into a bunch of whinners. There is too much duplicity in our field and this would be one more example of overkill.

For these reasons, I urge the NASD withdraw the proposed rule.

Thank you for your consideration of my views on this matter.


Kathy Sasser