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Investment management fees decreased in fiscal year 2009 resulting from a 27% decrease in simplemonthly average assets under management and a lower effective investment management fee rate resultingfrom a higher mix of fixed-income assets, which generally carry lower investment management fees.Investment management fees increased in fiscal year 2008 resulting from a 4% increase in simplemonthly average assets under management, partially offset by a lower effective investment management feerate resulting from a higher mix of fixed-income assets.Underwriting and Distribution FeesWe earn underwriting fees from the sale of certain classes of sponsored investment products on whichinvestors pay a sales commission at the time of purchase. Sales commissions are reduced or eliminated onsome share classes and for some sale transactions depending upon the amount invested and the type ofinvestor. Therefore, underwriting fees will change with the overall level of gross sales, the size of individualtransactions, and the relative mix of sales between different share classes and types of investors.Globally, our mutual funds and certain other products generally pay us distribution fees in return forsales, marketing and distribution efforts on their behalf. Specifically, the majority of U.S.-registered mutualfunds, with the exception of certain of our money market mutual funds, have adopted distribution plans (the“Plans”) under Rule 12b-1 promulgated under the Investment Company Act. The Plans permit the mutualfunds to bear certain expenses relating to the distribution of their shares, such as expenses for marketing,advertising, printing and sales promotion, subject to the Plans’ limitations on amounts. The individual Plansset a percentage limit for Rule 12b-1 expenses based on average daily net assets under management of themutual fund. Similar arrangements exist for the distribution of our non-U.S. funds and where, generally, thedistributor of the funds in the local market arranges for and pays commissions.We pay a significant portion of underwriting and distribution fees to the financial advisers and otherintermediaries who sell our sponsored investment products to the public on our behalf. See the descriptionof underwriting and distribution expenses below.Overall, underwriting and distribution fees decreased in fiscal year 2009. Underwriting fees decreased25% primarily due to a shift in sales from equity products to fixed-income products, which typicallygenerate lower underwriting fees, combined with a 24% decrease in gross commissionable sales.Distribution fees decreased 32% primarily due to a 27% decrease in simple monthly average assets undermanagement and a higher mix of fixed-income assets. Distribution fees are generally higher for equityproducts, as compared to fixed-income products.Total underwriting and distribution fees decreased in fiscal year 2008. Underwriting fees decreased32% primarily due to a 19% decrease in gross sales of Class A shares, mainly in the United States, and ashift in sales of equity products to fixed-income products. Distribution fees increased 1% primarily due to a4% increase in simple monthly average assets under management, partially offset by a higher mix of assetsfixed-income assets.Shareholder Servicing FeesWe receive shareholder servicing fees as compensation for providing transfer agency services, whichinclude providing customer statements, transaction processing, customer service, and tax reporting. Thesefees are generally fixed charges per shareholder account that vary with the particular type of fund and theservice being rendered. In some instances, we charge sponsored investment products these fees based on thelevel of assets under management. In the United States, transfer agency service agreements provide that43