Subject: File No. S7-14-08
From: Ron Dodge

August 11, 2008

I look forward to recognition of indexed annuity and variable annuity contracts as securities. Your supervision of the sale of these contracts is necessary to protect buyers of these complex financial investments and help assure that they are sold by qualified licensed brokers. Too often such high commission items are sold to inappropriate buyers, such as senior citizens who cannot afford a high risk level and who will not have time to earn back losses. Annuities are often sold for inappropriate types of investment, such as placement in retirement accounts. I look forward to your assistance in protecting those who most need it.