From: Troy Thompson
Sent: July 9, 2007
To: rule-comments@sec.gov
Subject: File No. 4-538


Ladies and Gentlemen:

Thank you for allowing public comments on the issue of 12b-1 fees for mutual funds. I am opposed the changing the rules from their current form. I believe that the end result could actually be an increase in costs to the consumer if the rule is changed. Practices like mine are built with a certain revenue requirement in order to provide service to the public. If the 12b-1 fees are eliminated it will force advisors to charge hourly or asset based fees to clients that they don’t currently have to pay. This could mean a higher total bill for the client than paying a modest 12b-1 fee which is typically only one fourth of one percent per year. Thank you for allowing me to comment.

Troy Thompson, CFP®
DBA Thompson Financial®
708 Keeler St.
Boone, IA 50036