J.D.
My daughter who is now in college has mild dyslexia. She was in MTA in elementary school, but she hated it and was eventually exited out of her 504 plan because she was doing well enough in school. She reads a lot slower than her peers and when she reads out loud she sounds like she can't read well at all. She was also in the "gifted" range (many dyslexics are). For her the best thing was to understand what it meant to be dyslexic and have the confidence not to let it bother her. Her testing and abilities were well above average she just had to give herself extra time to read and know when to ask for extra time from the teachers.
She wouldn't read a book by choice until about 8th grade when she finally found a book that she liked...since that she has read a lot by choice and loves Language Arts. She is actually good writer - just not great at spelling.
If her dyslexia had been worse or her confidence lower it might have been more of a struggle, but giving her the information on what dyslexia was and allowing her some choices in how to deal with it she did beautifully.