Subject: File No. S7-06-04
From: Roman Lopatynski

March 30, 2005

This proposal provides no information to the client that is not already required, and is thus redundant and unnecessary. Secondly, the proposal implies that the only consideration in investing in a security is it's price; no value is allowed to be placed on the quality of the security itself or on the level of service that the Representative provides.

It is an absurd proposition that "all securities are equal" and that the only consideration is price.

Roman Lopatynski
Investment Advisor Representative