From: Donna [Donnacfp1@sbcglobal.net]
Sent: Thursday, May 06, 2004 1:12 PM
To: rule-comments@sec.gov
Subject: File #S7-09-04

Jonathan G. Katz, Secretary    
U.S. Securities and Exchange Commission
450 Fifth, NW
Washington, DC 20549-0609

Re: File # S7-09-04

Dear Mr. Katz,

If the 12b-1 service fees are dropped, the impact to the shareholder will be 
severe.  These fees allow me to provide ongoing administrative services, such as 
changing or correcting account information, but most importantly they enable me 
to give them the financial planning help that they need.  I will be forced to 
discontinue these services with the rescission of the 12b-1 fee.  The wealthy 
investor will always be able to pay for financial advice, but the average 
investor cannot.


Donna M. Wolf, CFP
Wolf Investment Services, Inc.
8733 W. Holly Road
Mequon, WI  53097