Subject: File No. S7-06-04
From: Tony T Lou

March 7, 2004

Anything you could do to:
1. Make cost information readily available and easily obtained would be greatly appreciated. Costs do not need to be broken out, coast, 10-b1 etc. Cost is cost. Its money that I dont get.
2. More disclosure on salaries, bonuses, short/long term incentives, golden parachutes etc. The info, format, sequence etc should be standardized for all mutual funds so we can compare one fund vs another, preferably on an Excel worksheet.
3. Explain why timing even exists. All information should be transmitted by a set time. Anything after the deadline should be processed the next day Leave out the human factor, subjective decisions, etc.

The mutual fund industry could be the vehicle for self-control of everyones retirement. Lets not mess it up