Subject: 12b-1 FEES FILE No.4-538

July 30, 2007

Reference File No.4-538

Dear Ms Morris:

I am a licensed insurance professional and mutual funds salesperson. I have been a licensed agent for 15 years and have built up a sizible amount of clients, but my company will not pay a trail comission unless I keep a certain amount of insurance in force which has nothing to do with my mutual fund client. Therefor I think you should do away with the 12b-1 fees, besides my clients know I will help them anyway I can, without the 12b-1 salescharge. I would like to point out that many clients never call or seek answers to question therefor they are paying for a service they never use.


Leon Hess

NIS & CNS Licensed Agent