Subject: File No. S7-45-10
From: Walter M. Kimbrough
Affiliation: Incoming president, Dillard University

June 6, 2012

Elizabeth M. Murphy
Secretary
Securities & Exchange Commission
100 F Street, N.E.
Washington, DC 20549-1090

Dear Ms. Murphy:

I am writing to support the stance taken by AGB with regard to the Security and Exchange Commission Municipal Advisor Rule. You have their letter dated March 8, 2012 which provides a thorough explanation of our stance. Thanks for your consideration.

Sincerely,

Walter M. Kimbrough
Immediate past president, Philander Smith College Incoming president, Dillard University