Subject: File No. S7-06-04
From: kenneth w stephan
Affiliation: registered financial consultant and author

May 4, 2005

I urge you, the SEC for an extension to the proposal of point of sale and confirmation disclosure period. The file number is S7-06-04. I have not had a substantial opportunity to review the proposal and would like the comment period extended for an additional 30 days.

Kenneth W. Stephan, RFC