Subject: File No. S7-14-08
From: JAMES SMITH
Affiliation: INVESTOR

October 20, 2008

THE SEC HAS EXEMPTED INSURANCE CO'S FROM THE INVESTIGATION,ABOUT ANNUITIES AND THIS IS WRONG. AIG IS AN INTERNATIONAL COMPANY AND ANNUITIES ARE A BIG PART OF THEIR BAILOUT.CAPITAL FLOWS SHOULD BE INCLUDED IF YOU ARE GOING TO BE ANYTHING BUT A LAPDOG.