Subject: File No. S7-14-08
From: Edward P McEneaney, CLU, ChFC
Affiliation: CEO, A Better Bottom Line, Inc.

July 29, 2008

Gentlemen,
I believe there are no downside risks to Indexed Annuities. You have erroneously left that issue out of your discussion. Since there are no downslide risks to this kind of product, there is no need to interefere with the already sufficient and adequate supervision of this product by the state insurance commissioners.
Please stop trying to add additional areas of supervision to your already burdensome task of regulating securities and securities exchanges.