Subject: File No. S7-25-99
From: H. Jeanne Higley

From: Higley, Jeanne []
Sent: Friday, August 06, 2004 8:59 AM
Cc: Hughes, Theresa
Subject: File No. S7-25-99

I FAVOR requiring brokers to be subject to the Investment Advisers Act of 1940 while acting as investment advisors and offering financial planning services. I Thank you for your consideration of my opinion.

H. Jeanne Higley
Senior Trust Officer
Personal Trust Services
919 N. Market Street, Third Floor
Wilmington, DE 19801
(302) 657-8342
Toll Free: 888-353-1891
FAX: (302) 657-8346