From: Larry Wiens
Sent: March 31, 2005
Subject: File No. S7-06-04

The more disclosure the better.

But the method you propose is at fault.

I receive no rewards from mutual fund companies. I am paid by my client and my income grows as my client's accounts grow. The mutual fund costs are totally with the mutual fund companies and the fees I charge.

My fees are totally and regularly disclosed.

So let the mutual fund companies disclose their costs. This is the source of the costs and it requires no extra expense in printing and delivery and supervision to accomplish it.

The problem is that few investors can read the prospectus to discern the costs. My clients would a appreciate a simple prospectus cover page briefly describing costs with a reference to the page in the prospectus that would give more details.

Keep it simple. Simple is effective for everyone involved.

Larry Wiens, CFP"R", GEPC
Linsco/Private Ledger-Member NASD/SIPC