Subject: SEC Review of Rule 12b-1

June 21, 2007

Dear Ms. Morris:

I feel that 12b-1 fees have outlived their outlived their original intent. If advisers wish to be compensated for providing on-going service and advice, they should do so by charging a transparent fee for service and advice not a "marketing expense" dressed up to provide on-going service.


Mr. Michael Murray
Foundry Financial Services