Subject: File No.4-538

July 9, 2007

I am a member of NAIFA, licensed to sell Insurance, Stocks, Bonds and Mutual Funds.

I am concerned with the possibility of changing the current 12-b-1 structure we currently operate under. Even though those fees are small, they are what I feel is my ongoing compensation to service these accounts and provide ongoing investment advice and knowledge to my customer.

In my 20 years in this industry, I have never had a client complain about their fees either upfront or the ongoing fees as long as they hold the investment. I bring the value added service to their table.

I feel as a whole, doing away with these fees would be detrimental to the American consumer, as then there would be no incentive for the broker to stay in touch with the client and help him make his investments either grow or produce income.

In light of all the trouble that is on the horizon as far as the Baby Boomers retiring and being under prepared, the deficits in Social Security and Medicare and all the other things that US money has been spent on that we as a society have yet to pay for, I believe it is in the best interest of everyone to let the current fee structure stand and continue to allow us brokers to be compensated fro properly advising our clients. The need for the consumer to take care of himself is now greater than it has ever been. Those consumers need people like myself and all the other NAIFA members to help them.

Thanks for reading this and giving my comments some thought.

David Dye, CLU
Dye Financial Services