Subject: File No. S7-06-04
From: Suzanne Pitzer

February 18, 2004

I have read the forms Fees and Payments you sent me in the mail. As an investor I have felt the prospectus approach to be inadequate as well as difficult to understand. The forms you have come up with appear to have the information regarding load fees, sales fees and commission fees and as a typical investor I would appreciate the opportunity to review this information before I made a decision to invest in a fund.
Thank you for taking an interest in protecting the small investor.
Suzanne Pitzer