Subject: File No. S7-06-04
From: terry mann

April 4, 2005

Proposal for point of sale disclosure for mutual funds:

Another piece of paper will let you tell everyone that you have done something, but wont do anything about the abuses, and you know it as well.

Instead of faking the legistlation of ethics/morals, why dont you take swift and sever action against those who abuse the system, and quit burdening those of us who are reputable with more paperwork and costs.

Instead of adding to our/clients cost and diverting attention from serving clients financial goals, attack the bums who are giving our/your profession a bad name. Paperwork wont increase customer protection -- vigorous enforcement is the better protection.

What is the problem with extending the too brief comment period on this far reaching workload addition? You cannot have gathered enough information to make a long term decision and to assess the real cost to the client. If you think there is no cost to the client, you really need to take longer for a cost-benefit analysis.

thank you,
terry mann