From: Larry Hesse
Sent: March 30, 2005
Subject: File No. S7-06-04

I oppose this proposed requirement. Clients already receive this information in the prospectus & the broker dealer requires much disclosure for these products. If you think the costs of a VA is a negative & if the proposal becomes a requirement, then in fairness and so there is no discrimination, I want all the "good" stuff to be enumerated as well. This is only fair!

Larry Hesse