Subject: File No.
From: Terry D. Attlesey, CLU

November 2, 2010

I support the renamed "12b-2" SEC rule with the 25 basis points fee that encourages the delivery of ongoing service and advice to clients.

I do not support the ability of mutual funds to issue a new sales class at NAV that permits broker dealers to set their own sales charges and commissions. Although , at first glance , it appears to be a good idea in practice it would be quite the opposite. Customers would suffer from a lack of timely service and advice because of the variying financial constraints placed on broker dealers. My nearly 30 years of experience as a Registered Representative also leads me to believe that this would also favor wealthy clients over middle and lower class clients who would be the big losers in this "rebating" type atmosphere. This would definitely create a very unhealthy effect on the whole industry