From: Louis Hughes
Sent: June 13, 2007
Subject: 12b-1 fees

I want to urge great care in eliminating the use of service fees as currently seen in the 12b-1 fee. If the SEC would like greater disclosure in terms of transparency on the fee and who benefits from the I would support those efforts.

If the service fees are completely eliminated a large number of middle class investors would no longer be viable for financial planners to service. Or worse it enourage churning type behavior. In the end this would be more detrimental than the cure.

Louis Hughes, CFP
Investment Centers of America-Taylor, TX