going to get into panfishing a bit more, i fish allot with my 5 and 8 year ols children and they like to get the sunfish and perch and the small lake we fish is poluted with them and rockbass as well. i figured i might as well have fun with it so i am going to get a 5ft ultra light and put some 4# line , it is hars to fish for anything else with the kids because they run out of patience fast so i will save the bass fishing for the early mornings when i get out alone.

That sounds like a plan.

If you happen to be asking about set-up Cabelas has 5' UL Shimano Voltaeus rod for $20 Lifetime warranty. Almost bought one but found a St Croix Premier UL for $23.

http://www.cabelas.com/product/Bargain-Cave/Fishing/Rods%7C/pc/105591780/c/105740280/sc/105742080/Shimano174-Voltaeus8482-Spinning-Rod/738782.uts?destination=%2Fcatalog%2Fbrowse%2Fbargain-cave-fishing-rods%2F_%2FN-1102769%2FNs-CATEGORY_SEQ_105742080%3FWTz_l%3DSEO%253Bcat105591780%253Bcat105740280%26mkwid%3DSdKmirZT&WTz_l=SEO%3Bcat105591780%3Bcat105740280%3Bcat105742080

Here a number of reels under $30 like Shimano Sienna, Pflueger Trion

http://www.cabelas.com/catalog/browse/fishing-fishing-reels-spinning-reels/_/N-1102842+10000047/Ne-10000047/Ns-CATEGORY_SEQ_104837580?WTz_l=SBC%3Bcat104793480%3Bcat104760180&WTz_st=GuidedNav&WTz_stype=GNU

Good luck. I think that sunfish are terrific fighters on a pound-for-pound (ounce-for-ounce?) basis and are loads of fun on a UL with 4# line.

Pfluegar makes some premade ultralight combos, like the Trion, that are great little set ups for kids.