From: Jerald Hoffner
Sent: July 9, 2007
Subject: File No. 4-538

Dear Sirs,

It has come to my attention that the SEC is looking at 12b-1 fees and is seeking feedback from people. I am a registered representative (RR). As far as disclosure of 12b-1 fees they are disclosed in the prospectus. Having more disclosure would be over kill in my opinion. And as a RR receiving compensation from 12b-1 fees helps us stay in business to be able to serve our clients on an on going basis. Eliminating 12b-1 fees would be a disservice to mutual fund customers.

Jerald Hoffner