Subject: File No. S7-14-08
From: Paul J Fischer

August 15, 2008

I strongly support this regulation. Ultimately the consumer is the most important factor to consider.

This legislation does not ban index annuities or people from selling them, it just makes the agent/advisor selling them become more educated/responsible by sitting for a general securites license. Everyone including the agent will benefit in the long run.

Agents who only sell equity indexed annuities and are opposed to getting securities licensed to continue to sell them have to be asked who benefits.

Again, I strongly support the SEC oversight of equity indexed annuities like all other equity or index related investments.

Paul Fischer