From: Ed Hilston
August 5, 2005
Jonathan G. Katz
I urge the SEC to approve the proposal.
I am an investment professional and feel that many people selling Variable Annuities do not understand them and sell them due to the high commissions and ease of sale due to the scare tactics and disinformation use. Fuzzy math is common in selling variable annuities. I am especially oposed to the long surrender charges. I feel it is long overdue that the SEC review this matter.