Subject: File No. S7-14-08
From: Larry J Smith
Affiliation: Marketing

July 15, 2008

Do Not Pass Rule 151A.

Indexed annuity DOES NOT offer an asset at risk. An indexed annuity can produce an acceptable yield even under poor market conditions. This is NOT a security product. Money Can NOT be lost. Leave the insurance business alone you have bigger problems in your our house, fix those problems. The insurance commissons can handle their own problems.

DO NOT pass Rule 151A.