Subject: File No. S7-15-10
From: Rich Grable
Affiliation: Owner, Grable Investment Services

August 19, 2010

Ms Murphy,
I am opposed to your amendments of 12B-1 fees. Investment Advisors need to be oompensated for ongoing service to mutual fund shareholders. Would you expect a yard service to plant grass in your yard and come back and mow it forever without compensation?

Rich Grable
Grable Investment Services
Rapid City sd