From: Robert Tedoldi
Sent: March 29, 2005
Subject: File No. S7-06-04

I urge that the NASD's proposed disclosure requirments be withdrawn..

The proposal's requirement of new disclosure materials would essentially duplicate requirements already in place regarding the contents and delivery of the mutual fund or variable product's prospectus. The prospectus, which is reviewed by you, already discusses the fees, risks and expenses associated with the product. Requiring a separate, duplicative document would run counter to your efforts over the past decade to simplify the contents of prospectuses. I think we should be focusing regulatory efforts getting consumers to carefully read the prospectus they already receive.

Thank you for consideration of my position.

Robert L. Tedoldi, CLU, ChFC, CFP