From: K. Douglas Waite [KDWaite@bcrsllc.com]
Sent: Monday, June 02, 2003 2:56 PM
To: rule-comments@sec.gov
Subject: Proposed Rule S7-28-02

How would this proposed rule change affect firms that are not registered 
investment advisers but provide bill paying services to their clients?  
For instance, a tax accounting firm that provides, as an additional 
service to its clients, a bill paying service.

Thank You,

K. Douglas Waite