Subject: File No. S7-06-04
From: Sherry Rothering

March 30, 2005

As a representative for some years I strongly agree with NAIFA's thoughts and concerns regarding the additional disclosure with Mutuals and Variable Annuities. It will be more confusing to the client. The focus should be on getting consumers to carefully read the prospectus they receive to assure thier full understanding of "all" information.


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Sherry Rothering