Subject: File No. S7-14-08
From: Charles R. Raney
Affiliation: Financial Advisor, Wachovia Securities, LLC

September 19, 2008

Index annuities, in general, are the biggest scam foisted on the investing public I have seen in my 28 years in the financial services business. They are sold improperly, if not fraudulently, by unqualified, unscrupulous salespeople to naive investors. Please do everything in your power to put a stop to this practice.