Subject: File No. S7-06-04
From: William R. Reed

February 13, 2004

Hello,
Thank you for your efforts in attempting to secure this investing arena. In addition to the strides you have suggested I would be curious to know the salaries and their determination of my fund managers. As it is our right to know the salaries paid by our tax dollars of elected politicians, so to should it be those of my fund managers.