From: rick.settles [rick.settles@insightbb.com]
Sent: Wednesday, May 05, 2004 6:49 PM
To: rule-comments@sec.gov
Subject: Propose Rule in Release No. IC-26356 (S7-09-04)

I would like to offer my opinion on 12b-1 fees....

if you eliminate this type of payout you will only hurt the client in the long 
run.....

especially when clients give you all there assets up front and then there would 
no longer be an incentive to work with the client........handling future 
affairs...

This work in heavy around tax season and to further watch funds.....it would 
lead to brokers wanting to sell another fund just to get another fee.


in the long run it is better for the client for 12b-1 fees to remain...if not 
brokers will stop working with clients and counseling them thru the hard 
times.....

RS