Subject: File No. 4-619
From: Mary Ellen Mullen, CFA

August 15, 2012

Chairman Schapiro
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090

Dear Chairman Schapiro:

How is the Department of Labor planning to handle changing money market mutual funds to a fluctuating NAV? As you know 404c requires plan sponsors to make a principal preservation option available to participants in participant directed retirement plans (e.g. 401(k), 403(b) etc).

Are Government Agencies coordinating?!?!

We do not believe enough time has been afforded to protect partare not hearing any discussion of the impact on retirement plans and their participants and beneficiaries!

Please do not create unintended consequences!!!!!!!!!!!!!!!!


Mary Ellen Mullen, CFA