Subject: File No. S7-14-08
From: Steven Kiel, Sr
Affiliation: LUTCF

July 14, 2008

When I see a client who lost 7k in a 200k over 10 years in a variable annuity for which the SEC is responsible,I have to wonder why they want to oversee indexed annuities which in that same situation the client would be up about 50%....it is more about Wall st and their shoving the little guy out of their business so they can live on the greed they are used to......IT IS A FIXED PRODUCT LOOK AT THE NUMBERS NOT THE MONEY FROM WALL STREET