Abbeville Savings & Loan

March 4, 2004

Mr. Robert E. Feldman, Executive Secretary
ATTN: Comments/Executive Secretary Section
Federal Deposit Insurance Corporation
550 I7"' Street, NW
Washington, DC 20429

Re: ANPR Regarding Privacy Part 332 of FDIC's Rules and Regulations

Dear Sir:
In our opinion, the requirement to provide an annual privacy disclosure to our customers isn't beneficial to them. Our customers have indicated that a high percentage of them immediately discard the annual notice without reading it. The mandate to provide this repetitive information on an annual basis only places a burden on the financial institution without providing new and useful information to our customers. The financial burden of providing the privacy notice will ultimately be passed on to the customer, thus further increasing their cost of doing business. Our suggestion would be to eliminate the requirement to mail an annual disclosure, unless our information sharing procedures change, while maintaining the provision to provide the initial privacy notice at account opening and upon request from customers.

We respectfully request that you consider this alternative.
Abbeville Savings & Loan, SSB