From: John B. Haynes
Sent: July 9, 2007
Subject: File No. 4-538

As you discuss 12b-1 fees I think it is important that you remember this is one of the only ways agent's such as my self receive compensation. Many times during a group enrollment I will spend over a hour explaining the mutual funds and only receive $.35 in commission. Granted when we take a larger deposit we receive more. I see the current fee structure as fair an equitable.

I do believe that it would be ok to require the fund companies to explaining the fee schedule more clearly