Date:    05/10/2000  9:01 AM

Subject: File S7-10-00

The use of the internet as a platform for public disclosure and filing is a 
much needed service for the advisory business.  
     
One of the elements that could be added to your filing that would help 
create awareness and support the "plain english" concept would be to measure 
and disclose where revenue is being generated - not as total revenue but as 
a percentage of the total gross revenue.  
     
This would help define the expectation for the consumer and speak to the 
bottom line as to how and where the "real" business is generated.  
     
Guidelines would need to be established - and there would need to be some 
break out of individuals who fall under large RIA umbrellas so that the 
consumer can pierce the global facade of a large corporation to better 
understand the business practices of the individual - or group of 
individuals that are providing financial advice and expect some form of 
compensation in return. 
     
Thank you for your consideration.
     
     
Terry W. Treiber, CFP
Financial Planning Specialist
Merrill Lynch - Raleigh Complex