Subject: File No. S7-25-99
From: Christopher J Olsen, CFP
Affiliation: American Express Financial Advisors

September 7, 2004

For the consumer to be able to trust people in the financial planning community it is important that they are given a clear picture of what services are being offered to them.

As a fee oriented advisor, I find it very tiring to hear about how everyone is a financial advisor. A good stock broker should be proud to be a good stock broker.

We need to withdraw the rule proposal and not amend it