From: Ronald J. Bickford,CFP [rbickford@mscmail.biz]
Sent: Monday, May 10, 2004 10:24 AM
To: rule-comments@sec.gov
Subject: File Number S7-09-04


Jonathan G. Katz, Secretary
U.S. Securities & Exchange Commission
450 Fifth Street NW
Washington, DC 20549-0609

File Number S7-09-04

The Propose Rule in Release No. IC-26356 that would prohibit the use of brokerage 
commissions, including 12b1 fees to finance the distribution of mutual funds is 
very disturbing. Over the years I have been able to service and help many people, 
my service compensation is based on receiving 12b1 fees. If these fees are 
eliminated, then service to clients will be minimal has we will be forced to 
always be looking to find new clients.  If 12b1 fees are eliminated the cost to 
the average investors will increase has advisors will be forced to use fee based 
programs and fees will be higher. I also believe the small investors will be 
effected the most. Thank you for your consideration.


Ronald J. Bickford, CFP
Certified Financial Planner Practioner