From: Kent E. Schroeder
Sent: March 29, 2005
Subject: File No. S7-06-04

As a fully licensed insurance professional and securities marketer for numerous years, I strongly oppose the new disclosure requirements being considered. You are making it all too difficult for the average purchaser of mutual funds to invest in their future and thereby inadvertently damaging the basis for the ownership in such products.

Kent E. Schroeder
724 E. Main Street
Stoughton, WI 53589