Subject: File No. S7-14-08
From: Darren Clark

July 30, 2008

I am outraged from what I read about making fixed index annuities a security. There is no shares of any stock or mutual fund involved in a fixed annuity. The insurance company bears the risk,not the consumer. In this day and age of what going on in our markets, this should be welcomed. If someone wants to be in the market, buy a mutual fund.