Subject: File No. S7-25-99
From: Adam J. Leavitt, CFP

February 4, 2005

For the welfare of the public, there should be no misunderstanding on what constitutes objective investment advice. All investors should be aware of who receives compensation and easily determine how much he is compensated. I believe it prudent to hold brokers with any potential to influence investment selections to the same standard as Investment Advisors as provided in the Act of 1940.