From: Weiwen Ng
Sent: June 19, 2007
Subject: file number 4-538

This is in reference to file number 4-538, public commentary on 12b-1 fees. I believe that 12b-1 fees have not served the needs of the public for quite some time. They allow even closed funds to take assets from fundholders to subsidize activities that should come from the expense ratio. I would very much prefer it if the SEC eliminated the 12b-1 fee completely.

Weiwen Ng