Subject: File No. S7-14-08
From: Jeffrey D Reynolds
Affiliation: Vice President Morgan Stanley

November 17, 2008

1. EIA's are extermley confusing. The SEC has required that Mutual Fund Prospectus' be easier to read, this should be the same for EIA's.

2. The surrender fees are terrible. What other product has aprox. a 20% surender fee in the first year. We need to protect the less experienced investor.