From: Allan Browns [Abrowns@waddell.com]
Sent: Friday, March 05, 2004 11:02 AM
To: rule-comments@sec.gov
Subject: S7-11-04:

Will there be any reference to reporting Redemption Fees on IRS Form 1099R for 
retirement plans that will be affected?

Currently, the Instructions for Form 1099R, there is no reference to Fees 
associated with a redemption from a mutual fund, i.e., CDSC, Custodial Fees.

I hope these comments will be considered, and if there any questions, please feel 
free to contact me.

Thanks,


Allan D. Browns, QPA, QKA
Director, Retirement Plans Operations
Waddell & Reed Services Company, Inc.
6300 Lamar Avenue
Overland Park, KS 66202
(913)236-1540/(913)236-1599
abrowns@waddell.com
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