From: Ronald Roeser, CFP [ronroeser@mscmail.biz]
Sent: Monday, May 10, 2004 2:32 PM
To: rule-comments@sec.gov
Subject: s7-09-04

Dear Sirs;

I believe the 12b-1 fee has made an important difference in the lives of my 
clients.  This fee has allowed me the financial ability to review, maintain and 
store for them valuable financial information.  It has financially allowed me to 
maintain and provide certain information on cost basis for tax reporting purposes, 
record keeping and helping them keep their financial house in order. My people 
rely on me to understand the difference in priority of certain paperwork they 
receive and expect me to notify them of the most important. The want me to 
recommend an appropriate action for them to take. The 12b-1 fees have supported 
that effort and level of service. The 12-b1 fees have allowed me the financial 
ability to work with orphan accounts or those persons needing customer support 
service when their writing representative of record left the business or joined 
another firm not offering these reviews.  The 12b-1 fee has allowed me to make the 
financial transition from a sales culture to a service culture.  The 12b-1 fee has 
stabilized the wild swings in revenue consistent with a sales culture providing a 
more supportive financial base. The 12b-1 fee allows me to still serve my first 
mutual fund account sale made in 1979 in the original fund portfolio. The 
originating sales commission has been long spent at the then brokerage house of 
record,  The 12b-1 has encouraged long term investing and substantial service 
after the sale.  I believe it is in the best long-term interest of my clients to 
maintain these payments for service and support.  

Ronald Roeser
Certified Financial Planner