Subject: SR-NASD-2004-183
From: Chris Paliani

August 4, 2005

Jonathan G. Katz
Secretary, Securities and Exchange Commission
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-9309

Jonathan Katz:

I am a licensed insurance professional and have sold variable annuities as well as other investment vehicles. While I do support maximum disclosure to clients, singling out variable annuities does not make sense.

I would whole heartily support a similar action that would require such disclosure for all investment vehicles--the consumer should be as protected as possible. But in it's current form, the proposal is not a good solution.

Please disapprove the current proposal.


Chris Paliani