Subject: File No. S7-06-04
From: Robert Plumer

March 16, 2004

The forms proposed by the SEC significantly improve my ability to assess the actual cost of purchasing shares of a mutual fund, to understand the penalities and fees associated with selling these shares and to evaluate whether the relationship with the broker improves or diminishes the potential gains from the mutual fund.

This information has typically been difficult to obtain from brokerages and when it is available it has been difficult to measure its accuracy.