May 6, 2004
12B-1 FEES HAVE BEEN VERY HELPFUL FOR SMALL INVESTORS WHO RECEIVE CONTINUED PROFESSIONAL SERVICES THAT THEY WOULD NOT GET IF IMPOSED REGULATION GOES INTO AFFECT. I HAVE BEEN IN THE SECURITIES BUSINESS SINCE 1972 AND BELIEVE 12-B-1 FEES ALSO REDUCE CHURNING BY MANY BROKERS LOOKING FOR INCOME TO SUBSTANTIATE PROVIDING ADDITIONAL SERVICE. I HOPE YOU LOOK AT THE MANY POSITIVES OF 12B-1 FEES AND THEIR CONTINUED HELP FOR SMALLER INVESTORS.