Subject: File No. S7-25-99
From: Susan D Burghardt

September 12, 2004

I have a financial advisor who is not a broker specifically because my account was formerly at Merrill Lynch and I felt that the broker was pushing Merrill Lynch financial instruments, did not have a knowledge of the market as a priority and did not understand that my preference is for individual stocks and not mutual funds. I dropped Merrill Lynch as a result and am very satisfied with my financial advisor.