From: John Ruzza [johnrmainstreet@chartermi.net]
Sent: Thursday, May 06, 2004 10:30 AM
To: rule-comments@sec.gov
Subject: (s7-09-04) prohibiton on the use of 12b-1 commissions to finance 
distribution

Though I have become more of a fee-based planner over the last 4 years, 
eliminating the 12b-1 fee would put me in a position of having to increase my 
asset management fees to compensate for what would be lost.  Currently, I have 
been able to keep my fees in a very competitive range, & the receiving of a 
12b-1 commission has made that possible.  Also, for my clients with less 
investment net worth, it has allowed me to continue to "justify" my working with 
them (knowing that someday they will be more substantial clients).  It seems to 
me that this proposal could open up a can of worms, in that brokers/advisors 
will find "other ways" to get compensated, which untimately costs the consumers.   
Therefore, I ask that you strongly consider not going forward with this 
proposal.  Sincerely,   John S Ruzza, CFP

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