Subject: File No.
From: Patricia B Lovelette

November 2, 2010

Re: File Number S7-15-10

I have been an insurance agent and registered representative for over 25 years. I know that continuing service and personal advice is extremely important to my clients. I support SEC rule 12b-2.

I do STRONGLY OPPOSE the SEC allowing mutual funds to offer a new class of shares at net asset value that would allow broker-dealers to set their own sales charge and commission amount. I'm a professional and do not want to be asked to offer my mutual fund services at the lowest bid, and I don't want my broker-dealer to ever push me to work for less money so they can gain market share.

I want to continue to be able to afford to service my clients in the manner they have come to expect from me, and if I am forced to work for the low bid, I'll have to cut service somewhere.