Subject: File No. S7-14-08
From: Mike McGrath

September 3, 2008

This submission is an attempt by the SEC to control an industry that the items they are wanting to bring under their wing have far more guarantees than any of their investments currently under their "protection". No one has ever lost principal in any of the Annuities they are trying to control.the same cannot be said for items currently under their supervision.
leave the insurance industry alone and work on many other real problems thay have.The loses under their scrutiny for stocks etc are huge and the loses of principal under annuities are zero.