From: Mike Evans [mike@seniorplanninggroup.com]
Sent: Tuesday, July 30, 2002 8:40 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99

Ladies & Gentlemen:

I am writing to you to express my strong opposition to your proposed 
rule exempting certain broker-dealer activity from the Investment 
Advisers Act of 1940. The broker-dealer industry is NOT providing solely 
incidental advice and has taken a very liberal interpretation of the 
proposed rule in its advertising. Consumers and the public are best 
served by professionals who provide financial planning advice acting in 
a fiduciary capacity, and who thoroughly disclose any financial and other 
conflicts of interests. I urge you to withdraw the Proposed Rule immediately.

Sincerely,

Michael Evans, CFP, CSA