Date: 05/08/2000 4:46 PM Subject: Re: Release Nos. 34-42099 and IA-1845; File No. S7-25-99 Mr. Jonathan G. Katz Secretary Securities and Exchange Commission Herewith I express my objections to the intended regulations indicated above. For the specifics I refer to the letter from Duane R. Thompson of the Financial Planning Association regarding this matter. My position is in line the position taken by the FPA. With kind regards, Peter G. Timmerman, CFP