Subject: File No. S7-06-04
From: Richard Meyer

February 14, 2004

The forms are well thought out. The provide a lot of good information I certainly would have liked to had that type of information when I was buying some of the find I purchased. However, I am concerned about the likelyhood of brokers shoving this under a typical investor and saying sign here, initial there and here without explaination. I have seen plenty of brokers who will sell you a fund or a stock and then as you get ready to walk out the door hand you a prospectus and an annual report so they have met the requirement. That is after the sale has been completed. The forms are rather complicated as they are presented and
in my opinion the majority of investors will take a quick look and file them with the prospectus in the trash. I am glad to see this type of reform as Wall Street has traditionaly not served the best interests of their customers in all cases. And on top of that they have overcharged for the services provided.