From: Milner, Sean [sfmilner@sfnonline.com]
Sent: Wednesday, May 05, 2004 8:20 AM
To: Rule-Comments
Subject: FW: File Number "S7-09-04" 

Enclosed my contact info.

Sean Frederick Milner
Registered Representative
John Hancock Financial Services
6500 Busch Boulevard Suite 105
Columbus, Ohio 43229
P<614-846-6000 Ext. 127
F<614-846-6419
E<sfmilner@sfnonline.com


-----Original Message-----
From: Milner, Sean
To: 'rule-comments@sec.gov'
Cc: Milner, Sean
Sent: 5/5/04 12:15 AM
Subject: File Number "S7-09-04"

Hello SEC,

I am writing in reference to the legislation on 12B-1 fees. This would
have a tremendously negative effect on investors more than investment
professionals. Most investors need financial guidance. Because of the
multiple variables on investing. An investment professional needs to be
compensated for time and money spent meeting with and reviewing each
clients personalized financial plan. The 12B-1 fees are very small but,
this fee helps the investment professional maintain his/her practice
because the cost to live, pay our monthly bills, and save for our goals
takes money.

The biggest problem is the individual investor will be hurt because they
will not get the continual service they need and deserve. But, if we are
not compensated, even with the small 12B-1 fees presently received, we
will not serve the individual investor the way we would like to.

I appreciate your efforts to maintain the 12B-1 fee structure.

Sincerely, Sean Milner



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