From: Kevin Rossdeutscher [kevin.isl@mscmail.biz]
Sent: Friday, May 07, 2004 10:24 AM
To: rule-comments@sec.gov
Subject: Rule 12b-1 (s7-09-04)

To Whom It May Concern:

I am a small self-employed business owner.  I left my high paying corporate 
job to become self-employed and owner of my own business.  To enjoy the 
freedom and flexibility of being self-employed.  My desire was to create a 
business that offered superior services to my clients and make my clients feel 
special by those services I offer.  One of the ways for me to do this is to 
build a client base that would support my family and business.  One of the 
ways this is to be done is through the 12b-1 fees the mutual fund companies 
pay.

I realize there are investment advisors and financial planners who abuse this 
process.  I also realize there are investment advisors who have given this 
industry a black eye.  However, while you may be attempting to punish or curb 
the abuse of a few, you end up hurting everyone, particularly us small 
business owners who are trying to make an HONEST living.

There have been those few in Corporate America who have let greed and selfish 
ambition get in the way of doing what's right for the common good for those of 
us who have no other ambition than to make an honest living.  Let me ask you.  
By taking away the 12b-1 fees, does this really solve the problems and issues 
that need to be dealt with?  Or, do we create new problems by forcing the 
small business owner to re-evaluate his business and how he services his 
client's or whether he/she can continue to survive in this industry.  In the 
end, when all things are said and done, the only one who will suffer is the 
small business owner and, most importantly, the client.

Please do not take away the 12b-1 fees until you have found a better or more 
appropriate way to offset the loss of these fees.


Sincerely,

Kevin Rossdeutscher
262-523-0333