Subject: File No. S7-06-04
From: MARK I VARNADOE, JR.

March 17, 2004

Full disclosure should be the order of the day However, why that goal cannot be had because of the governmentspeakand very small print in the C.R. lead me to ask you to reduce the confusion. Just have all financial organizations list the charges and fees paid in a concise list. That way investors should be able to review the list and determine in a short while to stay or run away.