Comments of M. Gardner on S7-06-04

Subject: File No. S7-06-04
From: Marc R Gardner, P.E.

May 13, 2004

Does, On Line Trading require an discloser in detail about the fees and expenses pay for the fund. also, percentages should be used for all sales commissions.

Subject: File No. S7-06-04 From: Marc R Gardner, P.E.

Subject: File No. S7-06-04
From: Marc R Gardner, P.E.