Subject: File No. S7-06-04
From: William C Baker

March 19, 2004

Re: Your Consideration of Changes to the Information that Brokers Must Disclose to Mutual Fund Customers

Capitalism works best in the sunlight. A prospective purchaser should be appraised of all the links, fees, kickbacks, expenses, finder-fees and anything else that would indicate a beneficial interest to the broker or a third party from the proposed transaction.

Thank you for providing me this opportunity to express my opinion on this matter.