Subject: File No. S7-14-08
From: Kenneth Switzer

July 12, 2008

I am a licensed insurance broker. I do not support categorizing Fixed Index Annuities as securities. They provide principal and downside interest protection. They are currently subject to regulation on the state and federal level. To classify them as securities would create an additional financial burden on agents and limit the availability of this product to many agents who now have an opportunity to sell them.