Subject: File No. S7-14-08
From: John Bird
Affiliation: Albion Financial Group

November 13, 2008

This is in regards to the proposed rule allowing for SEC oversight of indexed annuities.

I am John Bird, a Financial Advisor with Albion Financial Group. I am a member of the National Association of Personal Financial Advisors, a member of the FPA, a Chartered Financial Analyst and a Certified Financial Planner.

I strongly urge the adoption of the rule which allows SEC oversight of indexed annuities. We do on occasion hear from investors who have been sold these products. They call us when they realize they have no idea what they actually own, including a lack of clarity regarding the risk and return parameters of the instruments, the costs of ownership, and the costs of liquidity from the instruments.

As a fee only advisor it is troubling to find myself in the position of explaining to an investor, after the fact, the characteristics of what they have been sold.

Please regulate these as the securities they are.

Thanks,

John Bird
Albion Financial Group