Subject: File No. S7-14-08
From: Craig Kishel
Affiliation: registered rep

July 14, 2008

Dear Sirs,
I have been in the insurance and financial industry for 18 yrs. I am priviledged to be able to offer many types of products to my clients. One of the most popular in recent yrs has been the index annuity. I can tell you that i have never received one negative complaint regarding these products. I have been extremely careful in the way I propose them and do believe that is an important part of selling them. I am licensed in many states and believe that all states have done a more than adequate job of governing index annuities. In my opinion it would serve the buying public the most if the SEC would treat the index annuity as such, an annuity. It is not a security and should not be treated as such.
Sincerely,
Craig Kishel