From: ANDERSONC@FinancialNetwork.com
Sent: Monday, May 03, 2004 10:53 AM
To: rule-comments@sec.gov
Subject: "File No. S7-09-04"

I am a licensed insurance professional, registered investment advisor with 
designationas of CFP (Certified Financial Planner), and LUTCF ( LIfe 
Underwirters Training Fellow).

Since joinging the business in 1981, I have provided clients with a high level 
of service, Annual reviews and planning issues-Death & Disbility, College 
funding, Tax Planning, Retirement Planning, Long Term Care Planning.

These ongoing services have been provided through the ongoing "12b-1" fees.  
Often the service cost exceeds the fee.

I agree that the 12b-1 fee titled as a marketing fee is misnamed - it should be 
titled as a service fee and be disclosed to the client at each annual review.

I continue to support the concept of clearer, more thorough disclosure of mutual 
fund fees and expenses to mutual fund investors but not the elimination of 12b-1 
fees.

If anything 12b-1 fees should be increased to provide the level of serices that 
clients expect and deserve and have always received as my clients.

Carol A. Anderson, LUTCF, CFP
Registered Representative
Financial Network Investment Corporation,
Member SIPC
260 Regency Pkwy, Suite 101
Omaha, NE  68114
(402) 397-5440
andersonc@financialnetwork.com