Subject: File No. 4-606
From: Michael J. Simmons

August 2, 2010

I have read the proposed changes, and I can see that the people responsible have never been in the field working with clients. This is an inept attempt to garner public support for past gaffs during the last few years. You will kill the main line working person who depends on the 12b-1 fees to build a livable income. All of us front line reps are people who already cover all fees, and charges. We already scale our fees to a minimal level to be fair and competitive in the market place, and we will be hurt if you make this change.