final.htm - Generated by SEC Publisher for SEC Filing

485BPOS 1 final.htm REGISTRATION STATEMENT final.htm - Generated by SEC Publisher for SEC Filing


As filed with the Securities and Exchange	Registration No. 333-85618
Commission on April 15, 2009	Registration No. 811-07935


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.	[ ]
Post-Effective Amendment No. 35	[ X ]
and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No.	[ X ]

SEPARATE ACCOUNT NY-B

(Exact Name of Registrant)

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

(Name of Depositor)

1000 Woodbury Road, Suite 208

Woodbury, New York 11797

(800) 963-9539

(Address and Telephone Number of Depositor’s Principal Offices)

John S. (Scott) Kreighbaum, Esq.

ReliaStar Life Insurance Company of New York

1475 Dunwoody Drive, West Chester, PA 19380-1478

(610) 425-3404

(Name and Address of Agent for Service of Process)

Approximate Date of Proposed Public Offering:

As soon as practical after the effective date of the Registration Statement


It is proposed that this filing will become effective (check appropriate box):
[	]	immediately upon filing pursuant to paragraph (b) of Rule 485
[ X ]		on May 1, 2009 pursuant to paragraph (b) of Rule 485
[	]	60 days after filing pursuant to paragraph (a)(1) of Rule 485
[	]	on (date) pursuant to paragraph (a)(1) of Rule 485

If appropriate, check the following box:
[	]	this post-effective amendment designates a new effective date for a
		previously filed post-effective amendment.

Title of Securities Being Registered: Deferred Combination Variable and Fixed Annuity Contracts


		PART A

SUPPLEMENT Dated May 1, 2009

To The Prospectus Dated May 1, 2009 For

ING Empire Traditions

Issued By ReliaStar Life Insurance Company of New York

Through Its Separate Account NY-B

This supplement updates the prospectus for your variable annuity contract. Please read it carefully and keep it with your copy of the prospectus for future reference. If you have any questions, please call our Customer Service Center at 1-800-366-0066.

NOTICE OF REORGANIZATIONS

Effective after the close of business on or about July 17, 2009, the following Disappearing Portfolios will reorganize into and become part of the following Surviving Portfolios:

Disappearing Portfolios	Surviving Portfolios
ING JPMorgan Value Opportunities Portfolio	ING Russell^TMLarge Cap Value Index Portfolio

ING Neuberger Berman Partners Portfolio	ING Russell^TMLarge Cap Index Portfolio
ING Oppenheimer Main Street Portfolio^®
ING Van Kampen Capital Growth Portfolio	ING Russell^TMLarge Cap Growth Index Portfolio

Effective after the close of business on or about August 7, 2009, the following Disappearing Portfolios will reorganize into and become part of the following Surviving Portfolios:

Disappearing Portfolios	Surviving Portfolios
ING AllianceBernstein Mid Cap Growth Portfolio	ING Russell^TMMid Cap Growth Index Portfolio
ING Growth and Income Portfolio II	ING Growth and Income Portfolio
ING Index Plus International Equity Portfolio	ING International Index Portfolio

Information Regarding Reorganizations:

These reorganizations will be administered pursuant to agreements, which either have been approved, or are subject to approval, by the boards of trustees of the Disappearing Portfolios. The reorganization agreements will also be subject to shareholder approval. If shareholder approval is obtained, each reorganization is expected to take place on or about the relevant date noted above, resulting in a shareholder of a given Disappearing Portfolio becoming a shareholder of the corresponding Surviving Portfolio. Each shareholder will thereafter hold shares of the Surviving Portfolio having equal aggregate value as shares of the Disappearing Portfolio, and the Disappearing Portfolios will no longer be available under the contract.

Unless you provide us with alternative allocation instructions, all future allocations directed to a given Disappearing Portfolio will be automatically allocated to the corresponding Surviving Portfolio. You may give us alternative allocation instructions at any time by contacting our Customer Contact Center at 1-800-366-0066.

As of the relevant effective date noted above, any references in the prospectus to the Disappearing Portfolios as being available under the contract are deleted.

ReliaStar Life Insurance Company of New York

Separate Account NY-B of ReliaStar Life Insurance Company of New York

Deferred Combination Variable and Fixed Annuity Prospectus

ING EMPIRE TRADITIONS VARIABLE ANNUITY

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May 1, 2009

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This prospectus describes ING Empire Traditions Variable Annuity, a deferred combination variable and fixed annuity contract (the “Contract”) offered for sale by ReliaStar Life Insurance Company of New York (“ReliaStar of NY,” the “Company,” “we” or “our”) through Separate Account NY-B (the “Separate Account”). The Contract is available in connection with certain retirement plans that qualify for special federal income tax treatment (“qualified Contracts”) under the Internal Revenue Code of 1986, as amended (the “Tax Code”), as well as those that do not qualify for such treatment (“non-qualified Contracts”).

The Contract provides a means for you to allocate your premium payments and any associated premium credits, if applicable, in one or more subaccounts, each of which invest in a single investment portfolio. You may also allocate premium payments and any associated premium credits, if applicable, to our Fixed Interest Division with guaranteed interest periods. Your contract value will vary daily to reflect the investment performance of the investment portfolio(s) you select and any interest credited to your allocations in the Fixed Interest Division. Some guaranteed interest periods or subaccounts may not be available. The investment portfolios available under your Contract are listed on the back of this cover.

You have a right to return a Contract within 10 days after you receive it for a refund of the adjusted contract value, less any premium credits, if applicable (which may be more or less than the premium payments you paid). Longer free look periods apply in certain situations.

Replacing an existing annuity with the Contract may not be beneficial to you. Your existing annuity may be subject to fees or penalties on surrender, and the Contract may have new charges.

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This prospectus provides information that you should know before investing and should be kept for future reference. A Statement of Additional Information (“SAI”), dated May 1, 2009 , has been filed with the Securities and Exchange Commission (“SEC”). It is available without charge upon request. To obtain a copy of this document, write to our Customer Service Center at P.O. Box 9271, Des Moines, Iowa 50306-9271 or call (800) 366-0066, or access the SEC’s website (http://www.sec.gov). When looking for information regarding the contracts offered through the prospectus, you may find it useful to use the number assigned to the registration statement under the Securities Act of 1933. The number is 333-85618. The table of contents of the SAI is on the last page of this prospectus and the SAI is made part of this prospectus by reference.

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The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.

The Contract has a premium credit option that is available for an additional charge. The expenses for a contract providing a premium credit, as this Contract does, may be higher than for contracts not providing a premium credit. Over time, and under certain circumstances, the amount of the premium credit may be more than offset by the additional fees and charges associated with the premium credit. See “The Annuity Contract – Additional Credit to Premium” for further information about the terms of the premium credit option. See “Charges and Fees – Charges Deducted from the Subaccounts – Premium Credit Option Charge” for further information about the additional fees and charges associated with the premium credit option.

Allocations to a subaccount investing in a Trust or Fund (investment portfolio) is not a bank deposit and is not insured or guaranteed by any bank or by the Federal Deposit Insurance Corporation or any other government agency.

We pay compensation to broker/dealers whose registered representatives sell the Contract. See “Other Contract Provisions – Selling the Contract” for further information about the amount of compensation we pay.

The investment portfolios are listed on the next page.

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The investment portfolios currently available under your Contract are:

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ING Investors Trust	ING Partners, Inc.
ING American Funds Asset Allocation Portfolio	ING Baron Small Cap Growth Portfolio (S Class)
ING American Funds Bond Portfolio	ING Davis New York Venture Portfolio (S Class)
ING American Funds Growth Portfolio	ING JPMorgan Mid Cap Value Portfolio (S Class)
ING American Funds Growth-Income Portfolio	ING Templeton Foreign Equity Portfolio (S Class)
ING American Funds International Portfolio	ING T. Rowe Price Growth Equity Portfolio (S Class)
ING American Funds World Allocation Portfolio (Class S)	ING Van Kampen Comstock Portfolio (S Class)
ING Artio Foreign Portfolio (Class S)	ING Van Kampen Equity and Income Portfolio (S Class)
ING BlackRock Inflation Protected Bond Portfolio (Class S)
ING BlackRock Large Cap Growth Portfolio (Class S)	ING Variable Funds
ING Clarion Global Real Estate Portfolio (Class S)	ING Growth and Income Portfolio (Class S)
ING Clarion Real Estate Portfolio (Class S)
ING Evergreen Health Sciences Portfolio (Class S)	ING Variable Portfolios, Inc.

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ING Evergreen Omega Portfolio (Class S)	ING BlackRock Science and Technology Opportunities Portfolio
ING FMRSM Diversified Mid Cap Portfolio (Class S)	(Class S)
ING Focus 5 Portfolio (Class S)	ING Global Equity Option Portfolio (Class S)
ING Franklin Income Portfolio (Class S)	ING Hang Seng Index Portfolio (Class S)
ING Franklin Mutual Shares Portfolio (Class S)	ING International Index Portfolio (Class S)
ING Franklin Templeton Founding Strategy Portfolio (Class S)	ING Russell™ Global Large Cap Index 75% Portfolio (Class S)
ING Global Resources Portfolio (Class S)	ING Russell™ Large Cap Growth Index Portfolio (Class S)
ING JPMorgan Emerging Markets Equity Portfolio (Class S)	ING RussellTM Large Cap Index Portfolio (Class S)
ING JPMorgan Small Cap Core Equity Portfolio (Class S)	ING Russell™ Large Cap Value Index Portfolio (Class S)
ING LifeStyle Aggressive Growth Portfolio (Class S)	ING Russell™ Mid Cap Growth Index Portfolio (Class S)
ING LifeStyle Conservative Portfolio (Class S)	ING RussellTM Mid Cap Index Portfolio (Class S)
ING LifeStyle Growth Portfolio (Class S)	ING RussellTM Small Cap Index Portfolio (Class S)
ING LifeStyle Moderate Growth Portfolio (Class S)	ING Small Company Portfolio (Class S)
ING LifeStyle Moderate Portfolio (Class S)	ING U. S. Bond Index Portfolio (Class S)
ING Liquid Assets Portfolio (Class S)	ING WisdomTreeSM Global High-Yielding Equity Index
ING Marsico Growth Portfolio (Class S)	Portfolio (Class S)
ING MFS Total Return Portfolio (Class S)
ING MFS Utilities Portfolio (Class S)	ING Variable Products Trust
ING Multi-Manager International Small Cap Equity Portfolio	ING MidCap Opportunities Portfolio (Class S)
(Class S)
ING Oppenheimer Active Allocation Portfolio (Class S)	ING Intermediate Bond Portfolio (Class S)
ING PIMCO Total Return Bond Portfolio (Class S)
ING Pioneer Fund Portfolio (Class S)	BlackRock Variable Series Funds, Inc.
ING Pioneer Mid Cap Value Portfolio (Class S)	BlackRock Global Allocation V.I. Fund (Class III)
ING Templeton Global Growth Portfolio (Class S)
ING T. Rowe Price Capital Appreciation Portfolio (Class S)
ING T. Rowe Price Equity Income Portfolio (Class S)
ING Van Kampen Global Franchise Portfolio (Class S)
ING Van Kampen Global Tactical Asset Allocation Portfolio
(Class S)
ING Van Kampen Growth and Income Portfolio (Class S)
ING Wells Fargo Small Cap Disciplined Portfolio (Class S)

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These investment portfolios comprise the subaccounts open to new premiums and transfers. More information can be found in the appendices. See Appendix A for all subaccounts and valuation information. Appendix B highlights each portfolio’s investment objective and adviser (and any subadviser or consultant), as well as indicates recent portfolio changes.

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TABLE OF CONTENTS

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	Page
INDEX OF SPECIAL TERMS	1
FEES AND EXPENSES	2
CONDENSED FINANCIAL INFORMATION	6
RELIASTAR OF NY SEPARATE ACCOUNT NY-B	7
RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK	7
THE TRUSTS AND FUNDS	9
CHARGES AND FEES	11
THE ANNUITY CONTRACT	17
LIVING BENEFIT RIDERS	24
WITHDRAWALS	58
TRANSFERS AMONG YOUR INVESTMENTS (EXCESSIVE TRADING POLICY)	61
DEATH BENEFIT CHOICES	65
THE INCOME PHASE	69
OTHER CONTRACT PROVISIONS	72
OTHER INFORMATION	76
FEDERAL TAX CONSIDERATIONS	77
STATEMENT OF ADDITIONAL INFORMATION	88

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APPENDIX A – Condensed Financial Information	A1
APPENDIX B – The Investment Portfolios	B1
APPENDIX C – Fixed Interest Division	C1
APPENDIX D – Surrender Charge for Excess Withdrawals Example	D1
APPENDIX E – Examples of Minimum Guaranteed Income Benefit Calculation	E1
APPENDIX F – ING LifePay Plus and ING Joint LifePay Plus Partial Withdrawal Amount Examples	F1
APPENDIX G – Examples of Fixed Allocation Funds Automatic Rebalancing	G1
APPENDIX H – ING LifePay and ING Joint LifePay	H1
APPENDIX I – Minimum Guaranteed Withdrawal Benefit	I1

Notice to Existing Contract Owners

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This prospectus will be delivered to prospective purchasers in connection with sales occurring on and after May 1, 2009 , as well as to owners having purchased the Contract earlier. The Contract is sold on a continuous basis. And the prospectus is updated at least annually, including for any changes with the Contract, like the Company: introducing or discontinuing the availability of a rider; liberalizing a benefit or exercising any rights reserved under the Contract or a rider; or altering administrative procedures. The Company may also make subaccount changes (investment portfolios of the Trusts or Funds available under the Contract). Any change may or may not apply to an existing Contract. The prospectus reflects the status of the Contract (and rider availability) as of May 1, 2009 and therefore may contain information that is inapplicable to your Contract. In the event of any conflict with the prospectus, the terms of your Contract and any riders will control.

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INDEX OF SPECIAL TERMS

The following special terms are used throughout this prospectus. Refer to the page(s) listed for an explanation of each term:

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Special Term	Page
Accumulation Unit	6
Annual Ratchet Enhanced Death Benefit	66
Annuitant	18
Cash Surrender Value	23
Contract Date	17
Contract Owner	17
Contract Value	22
Contract Year	17
Fixed Interest Allocation	24
Free Withdrawal Amount	12
GET Fund	9
Income Phase Payment Start Date	22
Net Investment Factor	6
Net Rate of Return	6
Restricted Funds	10
Standard Death Benefit	66

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The following terms as used in this prospectus have the same or substituted meanings as the corresponding terms currently used in the Contract:


Term Used in This Prospectus	Corresponding Term Used in the Contract
Accumulation Unit Value	Index of Investment Experience
Contract Owner	Owner or Certificate Owner
Contract Value	Accumulation Value
Fixed Interest Allocation or Division	Fixed Allocation
Free Look Period	Right to Examine Period
Guaranteed Interest Period	Guarantee Period
Income Phase Payment Start Date	Annuity Commencement Date
Net Investment Factor	Experience Factor
Regular Withdrawals	Conventional Partial Withdrawals
Subaccount(s)	Division(s)
Transfer Charge	Excess Allocation Charge
Withdrawals	Partial Withdrawals

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FEES AND EXPENSES

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the contract. For more information about the fees and expenses, please see the “Charges and Fees” section later in the prospectus.

The first table describes the fees and expenses that you will pay at the time that you buy the contract, surrender the contract, or transfer contract value between investment options. State premium taxes may also be deducted.

Contract Owner Transaction Expenses


Surrender Charge:

Complete Years Elapsed	0	1	2	3	4	5	6	7+
Since Premium Payment
Surrender Charge (as a percentage of	6%	6%	6%	6%	5%	4%	3%	0%
Premium Payment)

Transfer Charge					$25 per transfer, if you make more
than 12 transfers in a contract year, currently zero

The next table describes the fees and expenses that you will pay periodically during the time that you own the contract, not including Trust or Fund fees and expenses.


Annual Contract Administrative Charge	$30

(We deduct this charge on each contract anniversary and on surrender. We waive this charge if the total of your premium payments is $50,000 or more or if your contract value at the end of a contract year is $50,000 or more.)

Separate Account Annual Charges¹

Contract without any of the optional living benefit riders that may be available


	Option	Option	Option
	Package I²	Package II	Package III
Mortality & Expense Risk Charge	1.10%	1.30%	1.45%
Asset-Based Administrative Charge	0.15%	0.15%	0.15%
Total	1.25%	1.45%	1.60%

Premium Credit Option Charge³	0.50%	0.50%	0.50%
Total With Optional Premium Credit Charge	1.75%	1.95%	2.10%

1 As a percentage of average daily assets in each subaccount. These charges are deducted daily.

2 The option packages constitute different levels of death benefit coverage that are available with the Contract. Please

see “Death Benefit Choices” for more information.

3 When you elect the Premium Credit Option, we will add a credit to your Contract based on all premium payments

received during your first contract year. There are circumstances under which all or part of a premium credit is subject

to forfeiture in accordance with the following table:

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Contract Year of	Percentage of Premium Credit
Surrender or	Forfeited (based on percentage of
Withdrawal	first year premium withdrawn)
Years 1-2	100%
Years 3-4	75%
Years 5-6	50%
Year 7	25%
Years 8+	0%

Please see “The Annuity Contract – Additional Credit to Premium” for more information.

The next tables show the charges for the optional riders that may be available with the Contract. You may add only one of the following living benefit riders to your Contract. For more information about which one may be right for you, please see “Living Benefit Riders.” For more information about the charges for the optional riders, please see “Charges and Fees – Optional Rider Charges.”

Optional Living Benefit Rider Charges¹

Minimum Guaranteed Accumulation Benefit “MGAB” rider:


Maximum Annual Charge	Current Annual Charge
	(Charge Deducted Quarterly)
1.00% of the MGAB Charge Base²	0.65% of the MGAB Charge Base²

Minimum Guaranteed Income Benefit “MGIB” rider:


Maximum Annual Charge	Current Annual Charge
1.50% of the MGIB Benefit Base³	0.75% of the MGIB Benefit Base³

ING LifePay Plus Minimum Guaranteed Withdrawal Benefit rider:

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Maximum Annual Charge	Current Annual Charge
	(Charge Deducted Quarterly)
2.00% of the ING LifePay Plus Base⁴	0.70% of the ING LifePay Plus Base⁴

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ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit rider:

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Maximum Annual Charge	Current Annual Charge
	(Charge Deducted Quarterly)

2.50% of the ING Joint LifePay Plus Base⁵	Base 0.90% 5 of the ING Joint LifePay Plus

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1 Optional rider charges are expressed as a percentage, rounded to the nearest hundredth of one percent. The basis

for an optional rider charge may be a charge base, benefit base or contract value, as applicable. Optional rider

charges are deducted from the contract value in your subaccount allocations. You may add only one optional

rider to your Contract.

2 The MGAB Charge Base is calculated based on total premiums and any premium credits, if applicable, within a

two-year period from the rider date. Please see “Charges and Fees - Optional Rider Charges – Minimum

Guaranteed Accumulation Benefit (MGAB)” and “Living Benefit Riders – Minimum Guaranteed Accumulation

Benefit Rider (the “MGAB” rider)” later in this prospectus for more information.

3 The MGIB Benefit Base is equal to the greater of the MGIB Rollup Base and the MGIB Ratchet Base and is

calculated based on eligible premiums and premium credits, if applicable. Please see “Charges and Fees –

Optional Rider Charges – Minimum Guaranteed Income Benefit (MGIB)” and “Living Benefit Riders –

Minimum Guaranteed Income Benefit Rider (the “MGIB rider”)” later in this prospectus for more information.

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The ING LifePay Plus Base is calculated based on premium, excluding any premium credits, if this rider is elected at contract issue. The ING LifePay Plus Base is calculated based on contract value, excluding any premium credits applied during the preceding 36 months, if this rider is added after contract issue. The current annual charge is 0.60% if this rider was purchased before February 2, 2009. The current annual charge can change upon a reset after your first five contract years. But you will never pay more than new issues of this rider, subject to the maximum annual charge. Please see “Charges and Fees – Optional Rider Charges – ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING LifePay Plus) Rider Charge” and “Living Benefit Riders – ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”) Rider” later in this prospectus.

The ING Joint LifePay Plus Base is calculated based on premium, excluding any premium credits, if this rider is elected at contract issue. The ING Joint LifePay Plus Base is calculated based on contract value, excluding any premium credits applied during the preceding 36 months, if this rider is added after contract issue. The current annual charge is 0.80% if this rider was purchased before February 2, 2009. The current annual charge can change upon a reset after your first five contract years. But you will never pay more than new issues of this rider, subject to the maximum annual charge. Please see “Charges and Fees – Optional Rider Charges – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay Plus) Rider Charge” and “Living Benefit Riders – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay Plus”) Rider” later in the prospectus.

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The next two tables show the total annual charges you could pay based on the amounts you have invested in the subaccounts (unless otherwise indicated), for the Contract and each death benefit and the most expensive combination of riders possible. Maximum and current charges are shown, but not the Annual Contract Administrative Charge. Also, these tables do not show the Trust or Fund Expenses. Please note that the bases for some charges may differ somewhat. For example, the charge for the ING Joint LifePay Plus rider is based on the ING Joint LifePay Plus Base, which can be higher than contract value, leading to higher charges than would be the case if it were based on contract value. Nevertheless, for purposes of these tables, we have assumed that the value of the amounts invested in the subaccounts and the ING Joint LifePay Plus Base are both the same as the contract value. The charge for the Premium Credit Option lasts for your first seven contract years following the credit.

Separate Account Annual Charge Tables


MAXIMUM CHARGES	Option	Option	Option
	Package I	Package II	Package III
Mortality & Expense Risk Charge	1.10%	1.30%	1.45%
Asset-Based Administrative Charge	0.15%	0.15%	0.15%
Premium Credit Option Charge	0.50%	0.50%	0.50%
Maximum ING Joint LifePay MGWB Rider
Charge (as percentage of the ING Joint
LifePay Plus Base)	2.50%	2.50%	2.50%
Total	4.25%	4.45%	4.60%

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CURRENT CHARGES	Option	Option	Option
	Package I	Package II	Package III
Mortality & Expense Risk Charge	1.10%	1.30%	1.45%
Asset-Based Administrative Charge	0.15%	0.15%	0.15%
Premium Credit Option Charge	0.50%	0.50%	0.50%
Current ING Joint LifePay MGWB Rider
Charge (as percentage of the ING Joint
LifePay Plus Base)	0.90%	0.90%	0.90%
Total	2.65%	2.85%	3.00%

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The next item shows the minimum and maximum total operating expenses charged by a Trust or Fund that you may pay periodically during the time that you own the Contract. More detail concerning each Trust or Fund’s fees and expenses is contained in the prospectus for each Trust or Fund.

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Total Annual Trust or Fund Operating Expenses¹	Minimum	Maximum
(expenses that are deducted from Trust or Fund assets, including
management fees, distribution and/or service (12b-1) fees, and other	0.53 %	2.58 %
expenses):

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No waiver or reimbursement arrangements are reflected. These expenses reflect the expenses of the other (acquired) funds with a fund of funds. No Trust or Fund currently charges a redemption fee. For more information about redemption fees, please see “Charges and Fees – Charges Deducted From the Contract Value – Redemption Fees.”

Example

This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. The example assumes that you invest $10,000 in the Contract for the time periods indicated. The costs reflected are the maximum charges for the Contract with the most expensive death benefit option and the most expensive living benefit rider. The example also assumes that your investment has a 5% return each year and assumes the maximum Trust or Fund Expenses. Excluded are the premium credit option and its charge, premium taxes and any transfer charges.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

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1) If you surrender or annuitize* your contract at the end of the applicable time period:
1 year	3 years	5 years	10 years
$1,277	$2,655	$3,967	$7,159
2) If you do not surrender your contract:
1 year	3 years	5 years	10 years
$677	$2,055	$3,467	$7,159

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*	Surrender charges may apply if you choose to annuitize your Contract within the first year, and under certain circumstances, within the first seven contract years.

Compensation is paid for the sale of the Contracts. For information about this compensation, see “Other Contract Provisions – Selling the Contract.”

Fees Deducted by the Funds

Fund Fee Information. The fund prospectuses show the investment advisory fees, 12b-1 fees and other expenses including service fees (if applicable) charged annually by each fund. Fund fees are one factor that impacts the value of a fund share. Please refer to the fund prospectuses for more information and to learn more about additional factors.

The Company may receive compensation from each of the funds or the funds’ affiliates based on an annual percentage of the average net assets held in that fund by the Company. The percentage paid may vary from one fund company to another. For certain funds, some of this compensation may be paid out of 12b-1 fees or service fees that are deducted from fund assets. Any such fees deducted from fund assets are disclosed in the fund prospectuses. The Company may also receive additional compensation from certain funds for administrative, recordkeeping or other services provided by the Company to the funds or the funds’ affiliates. These additional payments may also be used by the Company to finance distribution. These additional payments are made by the funds or the funds’ affiliates to the Company and do not increase, directly or indirectly, the fund fees and expenses. Please see “Charges and Fees – Trust and Fund Expenses” for more information.

In the case of fund companies affiliated with the Company, where an affiliated investment adviser employs subadvisers to manage the funds, no direct payments are made to the Company or the affiliated investment adviser by the subadvisers. Subadvisers may provide reimbursement for employees of the Company or its affiliates to

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attend business meetings or training conferences. Investment management fees are apportioned between the affiliated investment adviser and subadviser. This apportionment varies by subadviser, resulting in varying amounts of revenue retained by the affiliated investment adviser. This apportionment of the investment advisory fee does not increase, directly or indirectly, fund fees and expenses. Please see “Charges and Fees – Trust and Fund Expenses” for more information.

How Fees are Deducted. Fees are deducted from the value of the fund shares on a daily basis, which in turn affects the value of each subaccount that purchases fund shares.

CONDENSED FINANCIAL INFORMATION

Accumulation Unit

We use accumulation units to calculate the value of a Contract. Each subaccount of Separate Account NY-B of ReliaStar of NY (“Separate Account NY-B”) has its own accumulation unit value. The accumulation units are valued each business day that the New York Stock Exchange is open for trading. Their values may increase or decrease from day to day according to a Net Investment Factor, which is primarily based on the investment performance of the applicable investment portfolio. Shares in the investment portfolios are valued at their net asset value.

Tables containing (i) the accumulation unit value history of each subaccount of Separate Account NY-B offered in this prospectus and (ii) the total investment value history of each such subaccount are presented in Appendix A —Condensed Financial Information – for the lowest and highest combination of asset-based charges. The numbers show the year-end unit values of each subaccount from the time purchase payments were first received in the subaccounts under the Contract. Complete information is available in the SAI.

The Net Investment Factor

The Net Investment Factor is an index number which reflects certain charges under the Contract and the investment performance of the subaccount. The Net Investment Factor is calculated for each subaccount as follows:

1)	We take the net asset value of the subaccount at the end of each business day.
2)	We add to (1) the amount of any dividend or capital gains distribution declared for the subaccount and reinvested in such subaccount. We subtract from that amount a charge for our taxes, if any.
3)	We divide (2) by the net asset value of the subaccount at the end of the preceding business day.
4)	We then subtract the applicable daily charges from the subaccount: the mortality and expense risk charge; the asset-based administrative charge; the premium credit option charge, if applicable; any optional rider charges; and, for the GET Fund subaccount only, the daily GET Fund guarantee charge.

Calculations for the subaccounts are made on a per share basis.

The Net Rate of Return equals the Net Investment Factor minus one.

Financial Statements

The statements of assets and liabilities, the related statements of operations, and the statements of changes of Separate Account NY-B and the financial statements of ReliaStar of NY are included in the Statement of Additional Information.

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RELIASTAR OF NY SEPARATE ACCOUNT NY-B

ReliaStar of NY Separate Account NY-B (“Separate Account NY-B”) was established as a separate account of First Golden American Life Insurance Company of New York (“First Golden”) on June 13, 1996. It became a separate account of ReliaStar of NY as a result of the merger of First Golden into ReliaStar of NY effective April 1, 2002. It is registered with the SEC as a unit investment trust under the Investment Company Act of 1940 (“1940 Act”). Separate Account NY-B is a separate investment account used for our variable annuity contracts. We own all the assets in Separate Account NY-B but such assets are kept separate from our other accounts.

Separate Account NY-B is divided into subaccounts. Each subaccount invests exclusively in shares of one investment portfolio of a Trust or Fund. Each investment portfolio has its own distinct investment objectives and policies. Income, gains and losses, realized or unrealized, of a portfolio are credited to or charged against the corresponding subaccount of Separate Account NY-B without regard to any other income, gains or losses of the Company. Assets equal to the reserves and other contract liabilities with respect to each are not chargeable with liabilities arising out of any other business of the Company. They may, however, be subject to liabilities arising from subaccounts whose assets we attribute to other variable annuity contracts supported by Separate Account NY-B. If the assets in Separate Account NY-B exceed the required reserves and other liabilities, we may transfer the excess to our general account. We are obligated to pay all benefits and make all payments provided under the Contracts.

Note: We currently offer other variable annuity contracts that invest in Separate Account NY-B but are not discussed in this prospectus. Separate Account NY-B may also invest in other investment portfolios which are not available under your Contract. Under certain circumstances, we may make certain changes to the subaccounts. For more information, see “The Annuity Contract — Addition, Deletion, or Substitution of Subaccounts and Other Changes.”

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

ReliaStar of NY is a New York stock life insurance company originally incorporated on June 11, 1917 under the name The Morris Plan Insurance Society. ReliaStar of NY is authorized to transact business in all states, the District of Columbia, the Dominican Republic and the Cayman Islands and is principally engaged in the business of providing individual life insurance and annuities, employee benefit products and services, retirement plans, and life and health reinsurance. Until October 1, 2003, ReliaStar of NY was a wholly owned subsidiary of Security-Connecticut Life Insurance Company (“Security-Connecticut”). Effective October 1, 2003, Security-Connecticut merged with and into its parent, ReliaStar Life Insurance Company (“ReliaStar”). ReliaStar is an indirect wholly owned subsidiary of ING Groep, N.V. (“ING”), a global financial services holding company, based in The Netherlands. Although we are a subsidiary of ING, ING is not responsible for the obligations under the Contract. The obligations under the Contract are solely the responsibility of ReliaStar of NY.

ING also owns Directed Services LLC, the investment manager of the ING Investors Trust and the distributor of the Contracts, and other interests. ING also owns ING Investments, LLC and ING Investment Management, Co., portfolio managers of the ING Investors Trust, and the investment managers of the ING Variable Insurance Trust and the ING Variable Products Trust, respectively. ING also owns ING Life Insurance and Annuity Company, the investment manager of ING Partners, Inc.

Our principal office is located at 1000 Woodbury Road, Suite 208, Woodbury, New York 11797.

Regulatory Matters

As with many financial services companies, the Company and its affiliates have received informal and formal requests for information from various state and federal governmental agencies and self-regulatory organizations in connection with inquiries and investigations of the products and practices of the financial services industry. In each case, the Company and its affiliates have been and are providing full cooperation.

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Insurance and Retirement Plan Products and Other Regulatory Matters. Federal and state regulators, and self-regulatory agencies are conducting broad inquiries and investigations involving the insurance and retirement industries. These initiatives currently focus on, among other things, compensation, revenue sharing, and other sales incentives; potential conflicts of interest; sales and marketing practices (including sales to seniors); specific product types (including group annuities and indexed annuities); and disclosure. The Company and certain of its U.S. affiliates have received formal and informal requests in connection with such investigations, and have cooperated and are cooperating fully with each request for information. Some of these matters could result in regulatory action involving the Company. These initiatives also may result in new legislation and regulation that could significantly affect the financial services industry, including businesses in which the Company is engaged. In light of these and other developments, U.S. affiliates of ING, including the Company, periodically review whether modifications to their business practices are appropriate.

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Investment Product Regulatory Issues. Since 2002, there has been increased governmental and regulatory activity relating to mutual funds and variable insurance products. This activity has primarily focused on inappropriate trading of fund shares; directed brokerage; compensation; sales practices, suitability, and supervision; arrangements with service providers; pricing; compliance and controls; adequacy of disclosure; and document retention.

In addition to responding to governmental and regulatory requests on fund trading issues, ING management, on its own initiative, conducted, through special counsel and a national accounting firm, an extensive internal review of mutual fund trading in ING insurance, retirement, and mutual fund products. The goal of this review was to identify any instances of inappropriate trading in those products by third parties or by ING investment professionals and other ING personnel.

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The internal review identified several isolated arrangements allowing third parties to engage in frequent trading of mutual funds within the variable insurance and mutual fund products of certain affiliates of the Company, and identified other circumstances where frequent trading occurred despite measures taken by ING intended to combat market timing. Each of the arrangements has been terminated and disclosed to regulators, to the independent trustees of ING Funds (U.S.) and in Company reports previously filed with the SEC pursuant to the Securities Exchange Act of 1934, as amended.

Action has been or may be taken by regulators with respect to the Company or certain affiliates before investigations relating to fund trading are completed. The potential outcome of such action is difficult to predict but could subject the Company or certain affiliates to adverse consequences, including, but not limited to, settlement payments, penalties, and other financial liability. It is not currently anticipated, however, that the actual outcome of any such action will have a material adverse effect on ING or ING’s U.S.- based operations, including the Company.

ING has agreed to indemnify and hold harmless the ING Funds from all damages resulting from wrongful conduct by ING or its employees or from ING’s internal investigation, any investigations conducted by any governmental or self-regulatory agencies, litigation or other formal proceedings, including any proceedings by the SEC. Management reported to the ING Funds Board that ING management believes that the total amount of any indemnification obligations will not be material to ING or ING’s U.S. -based operations, including the Company.

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Product Regulation. Our products are subject to a complex and extensive array of state and federal tax, securities and insurance laws, and regulations, which are administered and enforced by a number of governmental and self-regulatory authorities. Specifically, U.S. federal income tax law imposes requirements relating to nonqualified annuity product design, administration, and investments that are conditions for beneficial tax treatment of such products under the Internal Revenue Code. (See “Federal Tax Considerations” for further discussion of some of these requirements.) Failure to administer certain nonqualified contract features (for example, contractual annuity start dates in nonqualified annuities) could affect such beneficial tax treatment. In addition, state and federal securities and insurance laws impose requirements relating to insurance and annuity product design, offering and distribution, and administration. Failure to meet any of these complex tax, securities, or insurance requirements could subject the Company to administrative penalties, unanticipated remediation, or other claims and costs.

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THE TRUSTS AND FUNDS

You will find information about the Trusts and Funds currently available under your Contract in “Appendix B — The Investment Portfolios.” A prospectus containing more information on each Trust or Fund may be obtained by calling our Customer Service Center at 800-366-0066. You should read the prospectus carefully before investing.

Certain funds are designated as “Master-Feeder” or “LifeStyle Funds.” Funds offered in a Master-Feeder structure (such as the American Funds) or fund of funds structure (such as the LifeStyle Funds) may have higher fees and expenses than a fund that invests directly in debt and equity securities. Consult with your investment professional to determine if the Portfolios may be suited to your financial needs, investment time horizon and risk tolerance. You should periodically review these factors to determine if you need to change your investment strategy.

In the event that, due to differences in tax treatment or other considerations, the interests of contract owners of various contracts participating in the Trusts conflict, we, the Boards of Trustees or Directors of Trusts or Funds, and any insurance companies participating in the Trusts or Funds will monitor events to identify and resolve any material conflicts that may arise.

ING GET U.S. Core Portfolio

An ING GET U.S. Core Portfolio (“GET Fund”) series may be available during the accumulation phase of the Contract. We make a guarantee, as described below, when you allocate money into a GET Fund series. Each GET Fund series has an offering period of six months which precedes the guarantee period. The GET Fund investment option may not be available under your Contract or in your state. The GET Fund may not be available through all broker dealer selling firms.

You may not allocate money into a GET Fund series if you elect an optional benefit rider. Effective June 21, 2007, no new series of the GET Fund are available.

Various series of the GET Fund may be offered from time to time, and additional charges will apply if you elect to invest in one of these series. The Company makes a guarantee when you direct money into a GET Fund series. We guarantee that the value of an accumulation unit of the GET Fund subaccount for that series under the Contract on the maturity date will not be less than its value as determined after the close of business on the last day of the offering period for that GET Fund series. If the value on the maturity date is lower than it was on the last day of the offering period, we will add funds to the GET Fund subaccount for that series to make up the difference. This means that if you remain invested in the GET Fund series until the maturity date, at the maturity date, you will receive no less than the value of your separate account investment directed to the GET Fund series as of the last day of the offering period, less charges not reflected in the accumulation unit value and any amounts you transfer or withdraw from the GET Fund subaccount for that series. The value of dividends and distributions made by the GET Fund series throughout the guarantee period is taken into account in determining whether, for purposes of the guarantee, the value of your GET Fund investment on the maturity date is no less than its value as of the last day of the offering period. If you withdraw or transfer funds from a GET Fund series prior to the maturity date, we will process the transactions at the actual unit value next determined after we receive your request. The GET Fund subaccount is not available for dollar cost averaging or automatic rebalancing.

Before the maturity date, we will send a notice to each contract owner who has allocated amounts to the GET Fund series. This notice will remind you that the maturity date is approaching and that you must choose other investment options for your GET Fund series amounts. If you do not make a choice, on the maturity date we will transfer your GET Fund series amounts to another available series of the GET Fund that is then accepting deposits. If no GET Fund series is then available, we will transfer your GET Fund series amounts to the fund or funds that we designate.

Please see the ING GET U.S. Core Portfolio prospectus for a complete description of the ING GET U.S. Core Portfolio investment option, including charges and expenses.

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Covered Funds and Special Funds

For purposes of determining benefits under the living benefit riders, we assign the investment options (the investment portfolios available under your Contract) to one of two categories, Covered Funds or Special Funds. Allocations to Covered Funds participate fully in the calculations to determine the value of your guaranteed benefits under a living benefit rider. Allocations to Special Funds could affect the optional benefit rider guarantee that may otherwise be provided because Special Funds do not participate fully in the calculations to determine the value of your guaranteed benefit under a living benefit rider. Assets in Covered Funds generally provide a higher living benefit than those allocated to Special Funds. Designation of investment options under these categories may vary by benefit. Please see “Living Benefit Riders” for more information.

We may, with 30 days notice to you, designate any investment option as a Special Fund, but only with respect to new premiums added to such investment option and also with respect to new transfers to such investment option.

Restricted Funds

Restricted Funds are not related specifically to the living benefit riders. Rather, Restricted Funds are investment options for which we have limited the amount that may be invested, either on an aggregate basis or an individual basis. We may designate any investment option as a Restricted Fund and limit the amount you may allocate or transfer to a Restricted Fund. We may also change the limitations on existing Contracts with respect to new premiums added to the investment options and with respect to new transfers to the investment options. We may establish any such limitation, at our discretion, as a percentage of premium or contract value or as a specified dollar amount and change the limitation at any time. To the extent an investment option is designated both a Restricted Fund and a Special Fund, allocations to such investment option may limit your participation in the determination of your guaranteed benefits under a living benefit rider as well as the amount you may allocate to such investment option.

Currently, we have not designated any investment option as a Restricted Fund. We may, with 30 days notice to you, designate any investment portfolio as a Restricted Fund or change the limitations on existing contracts with respect to new premiums added to such investment portfolio and also with respect to new transfers to such investment portfolio. If a change is made with regard to designation as a Restricted Fund or applicable limitations, such change will apply only to transactions effected after such change and will not apply to amounts that may exceed these limitations due solely to a change in designation.

We limit your investment in the Restricted Funds on both an aggregate basis for all Restricted Funds and for each individual Restricted Fund. The aggregate limits for investment in all Restricted Funds are expressed as a percentage of contract value, percentage of premium and maximum dollar amount. Currently, your investment in two or more Restricted Funds would be subject to each of the following three limitations: no more than 30 percent of contract value; up to 100 percent of each premium; and no more than $999,999,999. We may change these limits, at our discretion, for new contracts, premiums, transfers or withdrawals.

In addition to limiting your investment in the Restricted Funds on an aggregate basis, we limit your investment in each individual Restricted Fund. The limits for investment in each Restricted Fund are expressed as a percentage of contract value, percentage of premium and maximum dollar amount. Currently, the limits for investment in an individual Restricted Fund are the same as the aggregate limits set forth above. We may change these limits, at our discretion, for new contracts, premiums, transfers or withdrawals.

We monitor the aggregate and individual limits on investments in Restricted Funds for each transaction (e.g. premium payments, reallocations, withdrawals, dollar cost averaging). If the contract value in the Restricted Fund has increased beyond the applicable limit due to market growth, we will not require the reallocation or withdrawal of contract value from the Restricted Fund. However, if an aggregate limit has been exceeded, withdrawals must be taken either from the Restricted Funds or taken pro-rata from all investment options in which contract value is allocated, so that the percentage of contract value in the Restricted Funds following the withdrawal is less than or equal to the percentage of contract value in the Restricted Funds prior to the withdrawal.

We will allocate pro-rata the portion of any premium payment that exceeds the limits with a Restricted Fund to your other investment option choices not designated as Restricted Funds, or to a specially designated subaccount if there are none (currently, the ING Liquid Assets Portfolio), unless you instruct us otherwise.

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We will not permit a transfer to the Restricted Funds to the extent that it would increase the contract value in the Restricted Fund or in all Restricted Funds to more than the applicable limits set forth above. We will not limit transfers from Restricted Funds. If the result of multiple reallocations is to lower the percentage of total contract value in Restricted Funds, the reallocation will be permitted even if the percentage of contract value in a Restricted Fund is greater than its limit.

Please see “Withdrawals” and “Transfers Among Your Investments (Excessive Trading Policy)” in this prospectus for more information on the effect of Restricted Funds.

CHARGES AND FEES

We deduct the Contract charges described below to compensate us for our cost and expenses, services provided and risks assumed under the Contracts. We incur certain costs and expenses for distributing and administering the Contracts, including compensation and expenses paid in connection with sales of the Contracts, for paying the benefits payable under the Contracts and for bearing various risks associated with the Contracts. Some of the charges are for optional riders, so they are only deducted if you elect to purchase the rider. The amount of a Contract charge will not always correspond to the actual costs associated with the charge. For example, the surrender charge collected may not fully cover all of the distribution expenses incurred by us with the service or benefits provided. In the event there are any profits from fees and charges deducted under the Contract, including the mortality and expense risk charge and rider and benefit charges, we may use such profits to finance the distribution of Contracts. The expenses for a contract providing a premium credit, as this Contract does, may be higher than for contracts not providing a premium credit. Over time, and under certain circumstances, the amount of the premium credit may be more than offset by the additional fees and charges associated with the premium credit.

Charge Deduction Subaccount

You may elect to have all charges, except daily charges, against your contract value deducted directly from a single subaccount designated by the Company. Currently we use the ING Liquid Assets Portfolio for this purpose. If you do not elect this option, or if the amount of the charges is greater than the amount in the designated subaccount, the charges will be deducted as discussed below. You may cancel this option at any time by sending notice to our Customer Service Center in a form satisfactory to us.

Charges Deducted from the Contract Value

We deduct the following charges from your contract value:

Surrender Charge. We will deduct a contingent deferred sales charge (a “surrender charge”) if you surrender your Contract or if you take a withdrawal in excess of the Free Withdrawal Amount during the 7-year period from the date we receive and accept a premium payment. The surrender charge is a percentage of each premium payment withdrawn. This charge is intended to cover sales expenses that we have incurred. The surrender charge will be based on the total amount withdrawn, including the amount deducted for the surrender charge. It will be deducted from the contract value remaining after you have received the amount requested for withdrawal. The surrender charge is not based on or deducted from the amount you requested as a withdrawal. We may in the future reduce or waive the surrender charge in certain situations and will never charge more than the maximum surrender charges. The percentage of premium payments deducted at the time of surrender or excess withdrawal depends on the number of complete years that have elapsed since that premium payment was made. We determine the surrender charge as a percentage of each premium payment withdrawn as follows:


Complete Years Elapsed	0	1	2	3	4	5	6	7+
Since Premium Payment
Surrender Charge (as a percentage of	6%	6%	6%	6%	5%	4%	3%	0%
Premium Payment)

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Nursing Home Waiver. You may withdraw all or a portion of your contract value without a surrender charge if:

1)	at the time you first begin receiving care, more than one contract year has elapsed since the contract date;
2)	the withdrawal is requested during the period of care or within 90 days after the last day of care; and
3)	you have spent at least 45 days during a 60 day period in such nursing care facility.

You must submit satisfactory written proof of illness or incapacity. We may require an examination, at our cost, by a physician of our choice. We will not waive the early withdrawal charge if you were in a nursing care facility for at least one day during the two week period immediately preceding or following the contract date. It will also not apply to Contracts where prohibited by state law. Please note that these withdrawals are subject to the premium credit recapture provisions.

Terminal Illness Waiver. You may withdraw all or a portion of your contract value without a surrender charge if:

1)	You are first diagnosed by a qualified medical professional, on or after the first contract anniversary, as having a terminal illness; and
2)	You submit satisfactory written proof of illness.

We may require an examination, at our cost, by a physician of our choice.

Free Withdrawal Amount. The Free Withdrawal Amount is 10% of contract value, based on the contract value on the date of the withdrawal. Under Option Package III, any unused percentage of the 10% Free Withdrawal Amount from a contract year will carry forward into successive contract years, based on the percentage remaining at the time of the last withdrawal in that contract year. In no event will the free withdrawal amount at any time exceed 30% of contract value.

Surrender Charge for Excess Withdrawals. We will deduct a surrender charge for excess withdrawals which may include a withdrawal you make to satisfy required minimum distribution requirements under the Tax Code. We consider a withdrawal to be an “excess withdrawal” when the amount you withdraw in any contract year exceeds the Free Withdrawal Amount. For purposes of determining the extent to which a withdrawal is an excess withdrawal, we will also include the amount you expect to receive through systematic withdrawals during the contract year. Systematic withdrawals are periodic scheduled withdrawals of a fixed amount or an amount based upon a percentage of contract value. For more information about systematic withdrawals, please see “Withdrawals –Systematic Withdrawals.” An excess withdrawal is a partial surrender of the Contract subject to a surrender charge, which we will deduct from the contract value that remains after an excess withdrawal in proportion to your subaccount allocations.

For the purpose of calculating the surrender charge for an excess withdrawal: (a) we treat premiums as being withdrawn on a first-in, first-out basis; and (b) amounts withdrawn which are not considered an excess withdrawal are not considered a withdrawal of any premium payments. We have included an example of how this works in Appendix D. Earnings for purposes of calculating the surrender charge for excess withdrawals may not be the same as earnings under federal tax law.

Premium Taxes. We may make a charge for state and local premium taxes depending on your state of residence. The tax can range from 0% to 3.5% of each premium payment. We have the right to change this amount to conform with changes in the law or if you change your state of residence. There is currently no premium tax in the State of New York.

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We deduct the premium tax from your contract value on the income phase payment start date. In the event that you have selected the Minimum Guaranteed Income Benefit rider and you elect to receive income payments under it rather than the Contract, then we will deduct the premium tax from the MGIB Benefit Base. However, some jurisdictions impose a premium tax at the time that initial and additional premiums are paid, regardless of when the income phase payments begin. In those states we may defer collection of the premium taxes from your contract value and deduct it when you surrender the Contract, when you take an excess withdrawal, or on the income phase payment start date.

Administrative Charge. We deduct an annual administrative charge on each Contract anniversary, or if you surrender your Contract prior to a Contract anniversary, at the time we determine the cash surrender value payable to you. The amount deducted is $30 per Contract unless waived under conditions established by ReliaStar of NY. We deduct the charge proportionately from all subaccounts in which you are invested. If there is no contract value in those subaccounts, we will deduct the charge from your Fixed Interest Allocations starting with the guaranteed interest periods nearest their maturity dates until the charge has been paid.

Transfer Charge. We currently do not deduct any charges for transfers made during a contract year. We have the right, however, to assess up to $25 for each transfer after the twelfth transfer in a contract year. If such a charge is assessed, we would deduct the charge from the subaccounts and the Fixed Interest Allocations from which each such transfer is made in proportion to the amount being transferred from each such subaccount and Fixed Interest Allocation unless you have chosen to have all charges deducted from a single subaccount. The charge will not apply to any transfers due to the election of dollar cost averaging, automatic rebalancing and transfers we make to and from any subaccount specially designated by the Company for such purpose.

Redemption Fees. If applicable, we may deduct the amount of any redemption fees imposed by the underlying portfolios as a result of withdrawals, transfers or other fund transactions you initiate. Redemption fees, if any, are separate and distinct from any transaction charges or other charges deducted from your contract value. For a more complete description of the funds’ fees and expenses, review each fund’s prospectus.

Charges Deducted from the Subaccounts

Mortality and Expense Risk Charge. The mortality and expense risk charge is deducted each business day. The amount of the mortality and expense risk charge depends on the option package you have elected. The option packages constitute different levels of death benefit coverage that are available with the Contract. Please see “Death Benefit Choices” for more information. The charge is deducted on each business day and is a percentage of average daily assets based on the assets you have in each subaccount. The mortality and expense risk charge compensates the Company for death benefit and annuitization risks and the risk that expense charges will not cover actual expenses. In the event there are any profits from the mortality and expense risk charge, we may use such profits to finance the distribution of contracts and the premium credit option.


Option Package I		Option Package II		Option Package III
	Annual		Annual		Annual
	Charge		Charge		Charge
Annual	Expressed as	Annual	Expressed as	Annual	Expressed as
Charge	Daily Rate	Charge	Daily Rate	Charge	Daily Rate
1.10%	0.0030%	1.30%	0.0036%	1.45%	0.0040%

Asset-Based Administrative Charge. The amount of the asset-based administrative charge, on an annual basis, is equal to 0.15% of the assets you have in each subaccount for each since the previous business day. The charge is deducted on each business day at the rate of .0004% from your assets in each subaccount.

Premium Credit Option Charge. The amount of the asset-based premium credit option charge, on an annual basis, is equal to 0.50% of the assets you have in each subaccount. The charge is deducted from your assets in each subaccount on each business day at the rate of 0.0014% for seven years following credit of the premium credit. This charge will also be deducted from amounts allocated to the Fixed Interest Division, resulting in a 0.50% reduction in the interest which would otherwise have been credited to your Contract during the seven contract years following

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credit of the premium credit. The cost of providing the premium credit is generally covered by the premium credit option charge, the recapture schedule for forfeiture of the credit on surrenders, withdrawals and death, and, to some degree, by the mortality and expense risk charge. We expect to make a profit on those contracts under which the premium credit option is elected.

Optional Rider Charges. Some features and benefits of the Contract, if available, are available by rider for an additional charge. Please check your application for the Contract to be sure. Once elected, a rider cannot be canceled independently of the Contract. So long as the rider is in effect, we will deduct a separate quarterly charge for the optional benefit rider through a pro-rata reduction of the contract value of the subaccounts in which you are invested. We deduct the rider charge on each of the Contract’s quarterly anniversary dates (defined below) in arrears, meaning we deduct the first charge on the first quarterly anniversary date following the rider date. If the rider is added to an existing Contract, the first quarter’s charge will be reduced proportionally for the portion of the quarter that the rider was not in effect. Rider charges are expressed as a percentage, rounded to the nearest hundredth of one percent.

A “quarterly anniversary date” is the date three months from the contract date that falls on the same date in the month as the contract date. For example, if the contract date is February 12, the quarterly anniversary date is May 12. If there is no corresponding date in the month, the quarterly anniversary date will be the last date of such month. If the quarterly anniversary date falls on a weekend or a holiday, we will use the value as of the subsequent business day.

For a description of the rider and the defined terms used in connection with the riders, see “Living Benefit Riders.”

Minimum Guaranteed Accumulation Benefit (MGAB). The charge for the MGAB rider is as follows:


Waiting Period	As an Annual Charge	As a Quarterly Charge
10 Year	0.65% of the MGAB Charge Base	0.17% of the MGAB Charge Base

The MGAB Charge will be charged during the 10-year waiting period starting on the rider date and ending on the MGAB Benefit Date. The MGAB Charge Base is the total of premiums and any premium credits, if applicable, added during the two-year period commencing on the rider date if you purchase the rider on the contract date, or, your contract value on the rider date plus premiums and any premium credits, if applicable, added during the two-year period commencing on the rider date if you purchased the rider after the contract date, reduced pro-rata for all withdrawals taken while the MGAB rider is in effect, including any systematic withdrawals, and reduced pro-rata for any transfers between subaccounts or between a subaccount and a Fixed Interest Allocation made during the three-year period before the MGAB date. Withdrawals and transfers may reduce the applicable MGAB Charge Base by more than the amount withdrawn or transferred. See “Living Benefit Riders.”

Minimum Guaranteed Income Benefit (MGIB). The charge for the MGIB rider is as follows:


Current Annual Charge	Maximum Annual Charge
(Charge Deducted Quarterly)
0.75% of the MGIB Benefit Base	1.50% of the MGIB Benefit Base

Please see “Living Benefit Riders - Minimum Guaranteed Income Benefit Rider (the “MGIB Rider”)” for a description of the MGIB Benefit Base and the MGIB Rate.

ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING LifePay Plus) Rider Charge. The charge for the ING LifePay Plus rider, a living benefit, is deducted quarterly from your contract value:

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Maximum Annual Charge	Current Annual Charge
2.00%	0.6070%

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The current annual charge is 0.60% if you purchased this rider before February 2, 2009. The charge is a percentage of the ING LifePay Plus Base, which we deduct in arrears based on the contract date (contract year versus calendar year). In arrears means the first charge is deducted at the end of the first quarter following the rider effective date. If the rider is elected at contract issue, the rider effective date is the same as the contract date. If the rider is added after contract issue, the rider effective date will be the date of the Contract’s next following quarterly contract anniversary. The charge will be pro-rated when the rider is terminated. Charges will also be pro-rated when your rider enters either the Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit Status. (No charge is deducted thereafter.) Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit Status occurs if your contract value is reduced to zero and other conditions are met. The current charge can change upon a reset after your first five contract years. You will never pay more than new issues of this rider, subject to the maximum annual charge. For more information about how this rider works, including when Lifetime Automatic Periodic Benefit Status begins, please see “Living Benefit Riders – ING LifePay Plus/Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit Riders.”

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ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay Plus) Rider Charge. The charge for the ING Joint LifePay Plus rider, a living benefit, is deducted quarterly from your contract value:

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Maximum Annual Charge	Current Annual Charge
2.50%	0.8090%

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The current annual charge is 0.80% if you purchased this rider before February 2, 2009. The charge is a percentage of the ING Joint LifePay Plus Base, which we deduct in arrears based on the contract date (contract year versus calendar year). In arrears means the first charge is deducted at the end of the first quarter following the rider effective date. If the rider is elected at contract issue, the rider effective date is the same as the contract date. If the rider is added after contract issue, the rider effective date will be the date of the Contract’s next following quarterly contract anniversary. The charge will be pro-rated when the rider is terminated. Charges will also be pro-rated when your rider enters either the Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit Status. (No charge is deducted thereafter.) Automatic Periodic Benefit Status or Lifetime Automatic Periodic Benefit Status occurs if your contract value is reduced to zero and other conditions are met. The current charge can be subject to change upon a reset after your first five contract years. You will never pay more than new issues of this rider, subject to the maximum annual charge. For more information about how this rider works, including when Lifetime Automatic Periodic Benefit Status begins, please see “Living Benefit Riders – ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit Rider.”

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ING GET U.S. Core Portfolio Guarantee Charge. Effective June 21, 2007, no new series of the GET Fund are available. The GET Fund guarantee charge is deducted each business day during the guarantee period if you elect to invest in the GET Fund. The amount of the GET Fund guarantee charge is 0.50% and is deducted from amounts allocated to the GET Fund investment option. This charge compensates us for the cost of providing a guarantee of accumulation unit values of the GET Fund subaccount. See “The Trust and Funds- ING GET U.S. Core Portfolio.”

Trust and Fund Expenses

As shown in the fund prospectuses and described in the “Fees Deducted by the Funds” section of this prospectus, each fund deducts management fees from the amounts allocated to the fund. In addition, each fund deducts other expenses which may include service fees that may be used to compensate service providers, including the company and its affiliates, for administrative and contract owner services provided on behalf of the fund. Furthermore, certain funds may deduct a distribution or 12b-1 fee, which is used to finance any activity that is primarily intended to result in the sale of fund shares. For a more complete description of the funds’ fees and expenses, review each fund’s prospectus.

The company or its U.S. affiliates receive substantial revenue from each of the funds or the funds’ affiliates, although the amount and types of revenue vary with respect to each of the funds offered through the Contract. This revenue is one of several factors we consider when determining the Contract fees and charges and whether to offer a fund through our policies. Fund revenue is important to the company’s profitability, and it is generally more profitable for us to offer affiliated funds than to offer unaffiliated funds.

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In terms of total dollar amounts received, the greatest amount of revenue generally comes from assets allocated to funds managed by Directed Services LLC or other company affiliates, which funds may or may not also be subadvised by another company affiliate. Assets allocated to funds managed by a company affiliate but subadvised by unaffiliated third parties generally generate the next greatest amount of revenue. Finally, assets allocated to unaffiliated funds generate the least amount of revenue. The company expects to make a profit from this revenue to the extent it exceeds the company’s expenses, including the payment of sales compensation to our distributors.

Types of Revenue Received from Affiliated Funds. Affiliated funds are (a) funds managed by Directed Services LLC or other company affiliates, which may or may not also be subadvised by another company affiliate; and (b) funds managed by a company affiliate but that are subadvised by unaffiliated third parties.

Revenues received by the company from affiliated funds may include:

A share of the management fee deducted from fund assets;
Service fees that are deducted from fund assets;
For certain share classes, the company or its affiliates may also receive compensation paid out of 12b-1 fees that are deducted from fund assets; and
Other revenues that may be based either on an annual percentage of average net assets held in the fund by the company or a percentage of the fund’s management fees.

These revenues may be received as cash payments or according to a variety of financial accounting techniques that are used to allocate revenue and profits across the organization. In the case of affiliated funds subadvised by unaffiliated third parties, any sharing of the management fee between the Company and the affiliated investment adviser is based on the amount of such fee remaining after the subadvisory fee has been paid to the unaffiliated subadviser. Because subadvisory fees vary by subadviser, varying amounts of revenue are retained by the affiliated investment adviser and ultimately shared with the company.

Types of Revenue Received from Unaffiliated Funds. Revenue received from each of the unaffiliated funds or their affiliates is based on an annual percentage of the average net assets held in that fund by the company. Some unaffiliated funds or their affiliates pay us more than others and some of the amounts we receive may be significant.

Revenues received by the company or its affiliates from unaffiliated funds include:

For certain funds, compensation paid from 12b-1 fees or service fees that are deducted from fund assets; and
Additional payments for administrative, recordkeeping or other services that we provide to the funds or their affiliates, such as processing purchase and redemption requests, and mailing fund prospectuses, periodic reports and proxy materials. These additional payments do not increase directly or indirectly the fees and expenses shown in each fund prospectus. These additional payments may be used by us to finance distribution of the Contract.

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These revenues are received as cash payments, and if the unaffiliated fund families currently offered through the Contract were individually ranked according to the total amount they paid to the company or its affiliates in 2008, that ranking would be as follows:

· BlackRock Variable Series Funds, Inc.

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If the revenues received from affiliated funds were included in this list, payments from Directed Services LLC and other company affiliates would be at the top of the list.

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In addition to the types of revenue received from affiliated and unaffiliated funds described above, affiliated and unaffiliated funds and their investment advisers, subadvisers or affiliates may participate at their own expense in company sales conferences or educational and training meetings. In relation to such participation, a fund’s investment adviser, subadviser or affiliate may make fixed dollar payments to help offset the cost of the meetings or sponsor events associated with the meetings. In exchange for these expense offset or sponsorship arrangements, the investment adviser, subadviser or affiliate may receive certain benefits and access opportunities to company sales representatives and wholesalers rather than monetary benefits. These benefits and opportunities include, but are not limited to, co-branded marketing materials, targeted marketing sales opportunities, training opportunities at meetings, training modules for sales personnel and opportunity to host due diligence meetings for representatives and wholesalers.

Certain funds may be structured as “fund of funds.” These funds may have higher fees and expenses than a fund that invests directly in debt and equity securities because they also incur the fees and expenses of the underlying funds in which they invest. These funds are affiliated funds, and the underlying funds in which they invest may be affiliated funds as well. The fund prospectuses disclose the aggregate annual operating expenses of each portfolio and its corresponding underlying fund or funds. The “fund of funds” available under the Contract are identified in the list of investment portfolios toward the front of this prospectus.

Please note that certain management personnel and other employees of the company or its affiliates may receive a portion of their total employment compensation based on the amount of net assets allocated to affiliated funds. For more information, please see “Other Contract Provisions – Selling the Contract.”

THE ANNUITY CONTRACT

The Contract described in this prospectus is a deferred combination variable and fixed annuity contract. The Contract provides a means for you to invest in one or more of the available mutual fund portfolios of the Trusts and Funds through Separate Account NY-B. It also provides a means for you to invest in a Fixed Interest Allocation through the Fixed Interest Division. See Appendix C and the Fixed Interest Division Offering Brochure for more information on the Fixed Interest Division. If you have any questions concerning this Contract, contact your registered representative or call our Customer Service Center at 1-800-366-0066.

Contract Date and Contract Year

The date the Contract became effective is the contract date. Each 12-month period following the contract date is a contract year.

Contract Owner

You are the contract owner. You are also the annuitant unless another annuitant is named in the application. You have the rights and options described in the Contract. One or more persons may own the Contract. If there are multiple owners named, the age of the oldest owner will determine the applicable death benefit if such death benefit is available for multiple owners. In the event a selected death benefit is not available, Option Package I will apply.

The death benefit becomes payable when you die. In the case of a sole contract owner who dies before the income phase begins, we will pay the beneficiary the death benefit then due. The sole contract owner’s estate will be the beneficiary if no beneficiary has been designated or the beneficiary has predeceased the contract owner. In the case of a joint owner of the Contract dying before the income phase begins, we will designate the surviving contract owner as the beneficiary. This will override any previous beneficiary designation. See “Joint Owner,” below.

Joint Owner

For non-qualified Contracts only, joint owners may be named in a written request before the Contract is in effect. Joint owners may independently exercise transfers and other transactions allowed under the Contract. All other rights of ownership must be exercised by both owners. Joint owners own equal shares of any benefits accruing or payments made to them. All rights of a joint owner end at death of that owner if the other joint owner survives. The entire interest of the deceased joint owner in the Contract will pass to the surviving joint owner and the death benefit will be payable. Joint owners may only select Option Package I.

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Any addition or deletion of a joint owner is treated as a change of owner which may affect the amount of the death benefit. See “Change of Contract Owner or Beneficiary,” below. If you have elected Option Package II or III, and you add a joint owner, if the older joint owner is attained age 85 or under, the death benefit from the date of change will be the Option Package I death benefit. If the older joint owner’s attained age is 86 or over on the date of the ownership change, the death benefit will be the cash surrender value. The mortality and expense risk charge going forward will reflect the change in death benefit. Note that returning a Contract to single owner status will not restore any death benefit. Unless otherwise specified, the term “age” when used for joint owners shall mean the age of the oldest owner.

Annuitant

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The annuitant is the person designated by you to be the measuring life in determining income phase payments. On and after May 1, 2009, a joint annuitant may also be designated. The annuitant’s age determines when the income phase must begin and the amount of the income phase payments to be paid. In the case of a non-natural owner and joint annuitants, the oldest annuitant’s age is used. You are the annuitant unless you choose to name another person. The annuitant may not be changed after the Contract is in effect, except as described below.

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The contract owner will receive the annuity benefits of the Contract if the annuitant is living on the income phase payment start date. If the annuitant dies before the income phase payment start date and a contingent annuitant has been named, the contingent annuitant becomes the annuitant (unless the contract owner is not an individual, in which case the death benefit becomes payable).

If there is no contingent annuitant when the annuitant dies before the income phase payment start date, the contract owner will become the annuitant. In the event of joint owners, the youngest will be the contingent annuitant, unless you elect otherwise. The contract owner may designate a new annuitant within 60 days of the death of the annuitant.

When the annuitant dies before the income phase payment start date and the contract owner is not an individual, we will pay the designated beneficiary the death benefit then due. If a beneficiary has not been designated, or if there is no designated beneficiary living, the contract owner will be the beneficiary. If the annuitant was the sole contract owner and there is no beneficiary designation, the annuitant’s estate will be the beneficiary.

Regardless of whether a death benefit is payable, if the annuitant dies and any contract owner is not an individual, distribution rules under federal tax law will apply. You should consult your tax advisor for more information if the contract owner is not an individual.

Beneficiary

The beneficiary is named by you in a written request. The beneficiary is the person who receives any death benefit proceeds and who may become the successor contract owner if the contract owner who is a spouse (or the annuitant if the contract owner is other than an individual) dies before the income phase payment start date. We pay death benefits to the primary beneficiary (unless there are joint owners, in which case death proceeds are payable to the surviving owner(s)).

If the beneficiary dies before the annuitant or the contract owner, the death benefit proceeds are paid to the contingent beneficiary, if any. If there is no surviving beneficiary, we pay the death benefit proceeds to the contract owner’s estate.

One or more persons may be a beneficiary or contingent beneficiary. In the case of more than one beneficiary, we will assume any death benefit proceeds are to be paid in equal shares to the surviving beneficiaries, unless you indicate otherwise in writing.

Change of Contract Owner or Beneficiary

During the annuitant’s lifetime, you may transfer ownership of a non-qualified Contract. A change in ownership may affect the amount of the death benefit, the guaranteed minimum death benefit and/or the death benefit option applied to the Contract. The new owner’s age, as of the date of the change, will be used as the basis for determining the applicable benefits and charges. The new owner’s death will determine when a death benefit is payable.

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If you have elected Option Package I, the death benefit will continue if the new owner is age 85 or under on the date of the ownership change. For Option Package II or III, if the new owner is age 79 or under on the date that ownership changes, the death benefit will continue. If the new owner is age 80 to 85, under Option Package II or III, the death benefit will end, and the death benefit will become the Option Package I death benefit. For all death benefit options, 1) if the new owner’s attained age is 86 or over on the date of the ownership change, or 2) if the new owner is not an individual (other than a Trust for the benefit of the owner or annuitant), the death benefit will be the cash surrender value. The mortality and expense risk charge going forward will reflect the change in death benefit. Please note that once a death benefit has been changed due to a change in owner, it will not be restored by a subsequent change to a younger owner.

You have the right to change beneficiaries during the annuitant’s lifetime unless you have designated an irrevocable beneficiary. If you have designated an irrevocable beneficiary, you and the irrevocable beneficiary may have to act together to exercise some of the rights and options under the Contract. You may also restrict a beneficiary’s right to elect an annuity option or receive a lump sum payment. If so, such rights or options will not be available to the beneficiary. In the event of joint owners, all must agree to change a beneficiary.

In the event of a death claim, we will honor the form of payment of the death benefit specified by the beneficiary to the extent permitted under Section 72(s) of the Tax Code. You may also restrict a beneficiary’s right to elect an income phase payment option or receive a lump-sum payment. If so, such rights or options will not be available to the beneficiary.

All requests for changes must be in writing and submitted to our Customer Service Center in good order. Please date your request. The change will be effective as of the day you sign the request. The change will not affect any payment made or action taken by us before recording the change.

A change of owner likely has tax consequences. See “Federal Tax Considerations” in this prospectus.

Purchase and Availability of the Contract

There are three option packages available under the Contract. You select an option package at the time of application. Each option package is unique. The minimum initial payment to purchase the Contract depends on the option package that you elect.


	Option Package I	Option Package II	Option Package III
Minimum Initial	$15,000 (non-qualified)	$5,000 (non-qualified)	$5,000 (non-qualified)
Payment	$1,500 (qualified)	$1,500 (qualified)	$1,500 (qualified)

The maximum issue age is 80 or younger at the time of application to purchase a Contract with Option Package I. With Option Package II or Option Package III, the maximum issue age is also 80 or younger at the time of application, SO LONG AS you elect the MGAB rider, the ING LifePay Plus rider or the ING Joint LifePay Plus rider. Otherwise, the maximum issue age is 75 for a Contract with Option Package II or Option Package III. Before April 28, 2008, the maximum issue age was 80 for a Contract with either Option Package II or Option Package III.

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You may make additional premium payments up to the contract anniversary after your 86^thbirthday. The minimum additional premium payment we will accept is $50 regardless of the option package you select. Under certain circumstances, we may waive the minimum premium payment requirement. We may also change the minimum initial or additional premium requirements for certain group or sponsored arrangements. Any initial or additional premium payment that would cause the contract value of all annuities that you maintain with us to exceed $1,500,000 requires our prior approval.

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The Contract is designed for people seeking long-term tax-deferred accumulation of assets, generally for retirement or other long-term purposes. The tax-deferred feature is more attractive to people in high federal and state tax brackets. You should not buy this Contract: (1) if you are looking for a short-term investment; (2) if you cannot risk getting back less money than you put in; or (3) if your assets are in a plan which provides for tax-deferral and you see no other reason to purchase this Contract. When considering an investment in the Contract, you should

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consult with your investment professional about your financial goals, investment time horizon and risk tolerance.

Replacing an existing insurance contract with this Contract may not be beneficial to you. Before purchasing the Contract, determine whether your existing contract will be subject to any fees or penalties upon surrender. Also, compare the fees, charges, coverage provisions and limitations, if any, of your existing contract with those of the Contract described in this prospectus.

IRAs and other qualified plans already have the tax-deferral feature found in this Contract. For an additional cost, the Contract provides other features and benefits including death benefits and the ability to receive a lifetime income. You should not purchase a qualified Contract unless you want these other features and benefits, taking into account their cost. See “Charges and Fees” in this prospectus. If you are considering an Enhanced Death Benefit Option and your contract will be an IRA, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death Benefit” in this prospectus.

Loans are not allowed on a Contract issued as a Tax Code Section 403(b) annuity.

We and our affiliates offer other variable products that may offer some of the same investment portfolios. These products have different benefits and charges, and may or may not better match your needs. If you are interested in learning more about these other products, contact our Customer Service Center or your registered representative.

Crediting of Premium Payments

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We will process your initial premium and any premium credits, if applicable, within 2 business days after receipt and allocate the payment according to the instructions you specify at the accumulation unit value next determined, if the application and all information necessary for processing the Contract are complete. Subsequent premium payments will be processed within 1 business day if we receive all necessary information. In certain states we also accept initial and additional premium payments by wire order. Wire transmittals must be accompanied by sufficient electronically transmitted data. We may retain your initial premium payment for up to 5 business days while attempting to complete an incomplete application. If the application cannot be completed within this period, we will inform you of the reasons for the delay. We will also return the premium payment immediately unless you direct us to hold the premium payment until the application is completed. If you choose to have us hold the premium payment, it will be held in a non-interest bearing account.

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If a subaccount is not available or requested in error, we will make inquiry about a replacement subaccount. If we are unable to reach you or your representative within 5 days, we will consider the application incomplete. Once the completed application is received, we will allocate the payment to the subaccounts of Separate Account NY-B specified by you within 2 business days.

If your premium payment was transmitted by wire order from your broker-dealer, we will follow one of the following two procedures after we receive and accept the wire order and investment instructions. The procedure we follow depends on state availability and the procedures of your broker-dealer.

If either your state or broker-dealer do not permit us to issue a Contract without an application, we reserve the right to rescind the Contract if we do not receive and accept a properly completed application or enrollment form within five days of the premium payment. If we do not receive the application or form within five days of the premium payment, we will refund the contract value plus any charges we deducted, and the Contract will be voided. Some states require that we return the premium paid, in which case we will comply.

If your state and broker-dealer allow us to issue a Contract without an application, we will issue and mail the Contract to you or your representative, together with a Contract Acknowledgement and Delivery Statement for your execution. Until our Customer Service Center receives the executed Contract Acknowledgement and Delivery Statement, neither you nor the broker-dealer may execute any financial transactions on your Contract unless they are requested in writing by you. We may require additional information before complying with your request (e.g. signature guarantee).

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We will make inquiry to discover any missing information related to subsequent payments. We will allocate the subsequent payment(s) pro-rata according to the current variable subaccount allocation unless you specify otherwise. Any fixed allocation(s) will not be considered in the pro-rata calculations. If a subaccount is no longer available (including due to a fund purchase restriction) or requested in error, we will allocate the subsequent payment(s) proportionally among the other subaccount(s) in your current allocation. For any subsequent premium payments, the payment and any premium credits, if applicable, designated for a subaccount of Separate Account NY-B, will be credited at the accumulation unit value next determined after receipt of your premium payment and instructions.

Once we allocate your premium payment and any premium credit, if applicable, to the subaccounts selected by you, we convert the premium payment into accumulation units. We divide the amount of the premium payment allocated to a particular subaccount by the value of an accumulation unit for the subaccount to determine the number of accumulation units of the subaccount to be held in Separate Account NY-B with respect to your Contract. The net investment results of each subaccount vary with its investment performance.

We may require that an initial premium designated for a subaccount of Separate Account NY-B or the Fixed Interest Division be allocated with the added premium credit, if applicable, to a subaccount specially designated by the Company (currently, the ING Liquid Assets Portfolio) during the free look period. After the free look period, we will convert your contract value (your initial premium plus any earnings less any expenses) into accumulation units of the subaccounts you previously selected. The accumulation units will be allocated based on the accumulation unit value next computed for each subaccount. Initial premiums designated for Fixed Interest Allocations will be allocated to a Fixed Interest Allocation with the guaranteed interest period you have chosen; however, in the future we may allocate the premiums to the specially designated subaccount during the free look period.

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We may also refuse to accept certain forms of premium payments or loan repayments, if applicable, (traveler’s checks, for example) or restrict the amount of certain forms of premium payments or loan repayments (money orders totaling more than $500, for example). In addition, we may require information as to why a particular form of payment was used (third party checks, for example) and the source of the funds of such payment in order to determine whether or not we will accept it. Use of an unacceptable form of payment may result in us returning your premium payment and not issuing the contract.

Additional Credit to Premium

At the time of application, you may elect the premium credit option. If you so elect, a credit will be added to your Contract based on all premium payments received during the first contract year (“initial premium”). The credit will be 4% of the initial premium and will be allocated among each subaccount and Fixed Interest Allocation you have selected in proportion to your allocation of the applicable premium in each investment option.

Currently, the premium credit option is available only if elected at the time of application prior to issuance of the Contract and in combination with the Contract’s other optional riders, subject to the following limitation. For Contracts purchased before September 4, 2007, the premium credit option was not available with the MGIB rider. We reserve the right to make the premium credit option available to inforce contract owners. Also, the premium credit option may not be available through all broker-dealers.

We may increase, decrease or discontinue the premium credit at our discretion. We will give you at least 45 days notice of any planned change to the premium credit option.

The daily mortality and expense risk charge and the daily administrative charge under this Contract are greater than that under contracts not providing a premium credit. There is also a separate charge for the premium credit which is an asset-based charge deducted daily from your contract value. Please see “Charges and Fees” for a description of this charge.

The premium credit constitutes earnings (and not premiums paid by you) for federal tax purposes.

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In any of the following circumstances, we deduct part or all of a premium credit from the amount we pay to you or your beneficiary:

1)	If you return your Contract within the free look period, we will deduct the entire premium credit from the refund amount;
2)	If a death benefit becomes payable, we will deduct any premium credits added to your Contract after or within 12 months of the date of death; and
3)	If you surrender your Contract or take a withdrawal, we will deduct a portion of the premium credit added to your contract value based on the percentage of first year premium withdrawn and the contract year of surrender or withdrawal in accordance with the following table:


Contract Year of	Percentage of Premium Credit
Surrender or	Forfeited (based on percentage of
Withdrawal	first year premium withdrawn)
Years 1-2	100%
Years 3-4	75%
Years 5-6	50%
Year 7	25%
Years 8+	0%

If we deduct a credit from any amount we pay to you, we will deduct the full dollar amount of the premium credit. You will retain any gains, and you will also bear any losses, that are attributable to the premium credit we deduct. No forfeiture of premium credit applies to withdrawals of contract value representing the annual free withdrawal amount or to withdrawals of contract value representing earnings.

There may be circumstances under which the contract owner may be worse off from having received a premium credit. For example, this could occur if the contract owner returns the Contract during the applicable free look period. Upon a free look, we recapture the premium credit that had been credited. If the state law provides that contract value is returned on a free look, and if the performance of the applicable subaccounts has been negative during that period, we will return the contract value less the premium credit. Negative performance associated with the premium credit will reduce the contract value more than if the premium credit had not been applied.

Income Phase Payment Start Date

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The income phase payment start date is the date you start receiving income phase payments under your Contract. The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase; and the income phase. The accumulation phase is the period between the contract date and the income phase payment start date. The income phase begins when you start receiving regular income phase payments from your Contract on the income phase payment start date.

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Administrative Procedures

We may accept a request for Contract service in writing, by telephone, or other approved electronic means, subject to our administrative procedures, which vary depending on the type of service requested and may include proper completion of certain forms, providing appropriate identifying information, and/or other administrative requirements. We will process your request at the contract value next determined only after you have met all administrative requirements. Please be advised that the risk of fraudulent transaction is increased with telephonic or electronic instructions (for example, a facsimile withdrawal request form), even if appropriate identifying information is provided.

Contract Value

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We determine your contract value on a daily basis beginning on the contract date. Your contract value is the sum of (a) the contract value in the Fixed Interest Allocations, and (b) the contract value in each subaccount in which you are invested.

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Contract Value in the Subaccounts. On the contract date, the contract value in the subaccount in which you are invested is equal to the initial premium paid plus any premium credit, if applicable, that was designated to be allocated to the subaccount. On the contract date, we allocate your contract value to each subaccount and/or a Fixed Interest Allocation specified by you.

On each business day after the contract date, we calculate the amount of contract value in each subaccount as follows:

1)	We take the contract value in the subaccount at the end of the preceding business day.
2)	We multiply (1) by the subaccount’s Net Rate of Return since the preceding business day.
3)	We add (1) and (2).
4)	We add to (3) any additional premium payments plus any premium credits, if applicable, and then add or subtract any transfers to or from that subaccount.
5)	We subtract from (4) any withdrawals and any related charges, and then subtract any contract fees and premium taxes.

Cash Surrender Value

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The cash surrender value is the amount you receive when you surrender the Contract. The cash surrender value will fluctuate daily based on the investment results of the subaccounts in which you are invested and interest credited to Fixed Interest Allocations. See the Fixed Interest Division Offering Brochure for a description of the calculation of values under any Fixed Interest Allocation. We do not guarantee any minimum cash surrender value. On any date during the accumulation phase, we calculate the cash surrender value as follows: we start with your contract value, then we deduct any surrender charge, any charge for premium taxes, the annual contract administrative fee, and any other charges incurred but not yet deducted.

Surrendering to Receive the Cash Surrender Value. You may surrender the Contract at any time while the annuitant is living and before the income phase payment start date. A surrender will be effective on the date your written request and the Contract are received at our Customer Service Center. We will determine and pay the cash surrender value at the price next determined after receipt of all paperwork required in order for us to process your surrender. Once paid, all benefits under the Contract will be terminated. For administrative purposes, we will transfer your money to a specially designated subaccount (currently the ING Liquid Assets Portfolio) prior to processing the surrender. This transfer will have no effect on your cash surrender value. You may receive the cash surrender value in a single sum payment or apply it under one or more annuity options. We will usually pay the cash surrender value within 7 days.

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Consult your tax advisor regarding the tax consequences associated with surrendering your Contract. A surrender made before you reach age 59½ may result in a 10% tax penalty. See “Federal Tax Considerations” for more details.

The Subaccounts

Each of the subaccounts of Separate Account NY-B offered under this prospectus invests in an investment portfolio with its own distinct investment objectives and policies. Each subaccount of Separate Account NY-B invests in a corresponding portfolio of a Trust or Fund.

Addition, Deletion or Substitution of Subaccounts and Other Changes

We may make additional subaccounts available to you under the Contract. These subaccounts will invest in investment portfolios we find suitable for your Contract. We may also withdraw or substitute investment portfolios, subject to the conditions in your Contract and compliance with regulatory requirements, including prior SEC approval.

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We may amend the Contract to conform to applicable laws or governmental regulations. If we feel that investment in any of the investment portfolios has become inappropriate to the purposes of the Contract, we may, with approval of the SEC (and any other regulatory agency, if required), combine two or more accounts or substitute another portfolio for existing and future investments. If you have elected the dollar cost averaging, systematic withdrawals, or automatic rebalancing programs or if you have other outstanding instructions, and we substitute or otherwise eliminate a portfolio which is subject to those instructions, we will execute your instructions using the substitute or proposed replacement portfolio unless you request otherwise. The substitute or proposed replacement portfolio may have higher fees and charges than any portfolio it replaces.

We also reserve the right, subject to SEC approval, to: (i) deregister Separate Account NY-B under the 1940 Act; (ii) operate Separate Account NY-B as a management company under the 1940 Act if it is operating as a unit investment trust; (iii) operate Separate Account NY-B as a unit investment trust under the 1940 Act if it is operating as a managed separate account; (iv) restrict or eliminate any voting rights as to Separate Account NY-B; and (v) combine Separate Account NY-B with other accounts.

We will, of course, provide you with written notice before any of these changes are effected.

The Fixed Interest Allocation (Fixed Interest Division)

The Fixed Interest Allocation is the Fixed Interest Division, which is part of the ReliaStar of New York general account. The general account contains all of the assets of ReliaStar of New York other than those in certain separate accounts. Allocation of any amount to the Fixed Interest Division does not entitle you to share directly in the performance of these assets. Assets supporting amounts allocated to the Fixed Interest Division are available to fund the claims of all classes of our customers, owners, and other creditors. See Appendix C and the Fixed Interest Division Offering Brochure for more information. You may not allocate contract value to the Fixed Interest Division if you elect one of the living benefit riders.

Other Contracts

We and our affiliates offer various other products with different features and terms than the Contracts, and that may offer some or all of the same investment portfolios. These products have different benefits, fees and charges, and may or may not better match your needs. Please note that some of the Company’s management personnel and certain other employees may receive a portion of their employment compensation based on the amount of Contract values allocated to investment portfolios of Trusts or Funds affiliated with ING. You should be aware that there are alternative options available, and, if you are interested in learning more about these other products, contact our Customer Service Center or your registered representative. Also, broker/dealers selling the Contract may limit its availability or the availability of an optional feature (for example, by imposing restrictions on eligibility), or decline to make an optional feature available. Please talk to your registered representative for further details.

LIVING BENEFIT RIDERS

You may elect one of the optional benefit riders discussed below. You may add only one of these riders to your Contract. Each rider has a separate charge. Please note that if you elect one of the living benefit riders, you may not allocate premium or contract value to the GET Fund or to the Fixed Interest Allocations. Once elected, the riders generally may not be cancelled. You may not remove the rider and charges will be assessed regardless of the performance of your Contract. The optional benefit riders terminate upon surrender of the Contract. Please see “Charges and Fees — Optional Rider Charges” for information on rider charges.

The optional riders may not be available for all investors. You should analyze each rider thoroughly and understand it completely before you select it. The optional riders do not guarantee any return of principal or premium payments and do not guarantee performance of any specific investment portfolio under the contract. The ING LifePay Plus and ING Joint LifePay Plus riders may also impact the death benefit amount under the Contract. More information about earlier versions of the guaranteed withdrawal benefit riders (including lifetime versions) is in the Appendices. You should consult a qualified financial adviser in evaluating the riders. Our Customer Service Center may be able to answer your questions. The telephone number is (800) 366-0066.

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Minimum Guaranteed Accumulation Benefit Rider (the “MGAB Rider”). The MGAB rider is an optional benefit which provides you with an MGAB intended to guarantee a minimum contract value at the end of a specified waiting period. The waiting period is 10 years, beginning on the rider date, and the MGAB Charge is deducted only during the 10 year waiting period. Only premiums added to your Contract during the first two-year period after your rider date and any premium credits, if applicable, are included in the MGAB Base. Any additional premium payments added after the second rider anniversary are not included in the MGAB Base. Thus, the MGAB rider may not be appropriate for you if you plan to add substantial premium payments after your second rider anniversary. If you elect the MGAB rider, you may not allocate contract value to the GET Fund subaccount or to the Fixed Interest Division.

The MGAB is a one-time adjustment to your contract value if your contract value on the MGAB Date is less than the MGAB Base. The MGAB Date is the next business day after the applicable waiting period. We calculate your Minimum Guaranteed Accumulation Benefit on this date. The MGAB rider may offer you protection if your Contract loses value during the MGAB waiting period. For a discussion of the charges we deduct under the MGAB rider, see “Optional Rider Charges.”

The MGAB rider has a waiting period of ten years and, other than for certain transfers, guarantees that your contract value at the end of ten years will at least equal your initial premium payment plus the premium credit, if applicable, reduced pro-rata for withdrawals. Transfers between subaccounts or between a subaccount and a Fixed Interest Allocation within 3 years of the MGAB Date will also reduce the MGAB Base pro-rata (see examples below).

Calculating the MGAB. We calculate your MGAB as follows:

1)	We first determine your MGAB Base. The MGAB Base is only a calculation used to determine the MGAB. It does not represent a contract value, nor does it guarantee performance of the subaccounts in which you are invested. It is also not used in determining the amount of your annuity income, cash surrender value and death benefits.
	If you purchase the MGAB optional rider as of the contract date, the MGAB Base is the initial premium, and the premium credit, if applicable, increased by eligible premiums, less all withdrawals and, less transfers made within 3 years prior to the MGAB Date. Eligible premiums are premiums added within two years after the rider date. Premiums added in the third and later rider years are not included in the MGAB Base.
	If you purchase the MGAB optional benefit rider after the contract date, contract value is used as the initial value. The MGAB Base equals the contract value, plus eligible premiums, adjusted for withdrawals and transfers and accumulated at the MGAB Base Rate.
	Eligible premiums are premiums added within two years after the rider date. Premiums added in the third and later years after the rider date are not included in the MGAB Base.
	We use the MGAB Charge Base to determine the periodic MGAB rider charges. The MGAB Charge Base equals the eligible premiums, plus any premium credits, if applicable, adjusted for subsequent withdrawals and transfers. Withdrawals reduce the MGAB Base and MGAB Charge Base on a pro- rata basis. The percentage reduction in the MGAB Base and the MGAB Charge Base equals the percentage reduction in contract value resulting from the withdrawal. This means that the MGAB Base and MGAB Charge Base are reduced for withdrawals by the same proportion that the withdrawal reduces the contract value. For example, if the contract value is reduced by 25% as the result of a withdrawal, the MGAB Base and the MBAG Charge Base are also reduced by 25% (rather than by the
amount	of the withdrawal).

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	Any transfer between subaccounts or between a subaccount and a Fixed Interest Allocation within 3 years of the MGAB Date reduces the MGAB Base and MGAB Charge Base on a pro-rata basis, based on the percentage of contract value transferred. Adjustments for such transfers are made as if the transfer was a withdrawal followed by a premium payment to the new investment option, which is not an eligible premium for MGAB benefit purposes.
2)	We then subtract your contract value on the MGAB Date from your MGAB Base. The contract value that we subtract includes both the contract value in the subaccounts in which you are invested and the contract value in your Fixed Interest Allocations, if any.
3)	Any positive difference is your MGAB. If there is a MGAB, we will automatically credit it on the MGAB Date to the subaccounts in which you are invested pro-rata based on the proportion of your contract value in the subaccounts on that date. If you do not have an investment in any subaccount on the MGAB Date, we will allocate the MGAB to the ING Liquid Assets Portfolio on your behalf. After we credit the MGAB, the amount of your annuity income, cash surrender value and death benefits will reflect the crediting of the MGAB to your contract value to the extent the contract value is used to determine such value.

Examples of the Impact of Transfers between Subaccounts within Three Years of the MGAB Date.


Example #1:	A transfer of $5,000 from Subaccount 1 to Subaccount 2 occurring within three years of the
	MGAB Date.


	Subaccount 1		Subaccount 2			Total
	Contract	MGAB	Contract	MGAB	Contract		MGAB
	Value	Base	Value	Base	Value		Base
Before
Transfer	15,000	10,000	8,000	10,000	23,000		20,000

After
Transfer	10,000	6,667	13,000	10,000	23,000		16,667


Example #2:	A transfer of $5,000 from Subaccount 2 to Subaccount 1 occurring within three years of the
	MGAB Date.


	Subaccount 1		Subaccount 2			Total
	Contract	MGAB	Contract	MGAB	Contract		MGAB
	Value	Base	Value	Base	Value		Base
Before
Transfer	15,000	10,000	8,000	10,000	23,000		20,000

After
Transfer	20,000	10,000	3,000	3,750	23,000		13,750

Purchase. To purchase the MGAB rider, you must be age 80 or younger on the rider date. The waiting period must end at or before your annuity start date. The MGAB rider may be purchased (i) on the contract date, and (ii) within 30 days following the contract date. For contracts issued more than 30 days before the date this rider first became available in your state, the Company may in its discretion allow purchase of this rider during the 30-day period preceding the first contract anniversary after the date of this prospectus.

The MGAB Charge Base. The MGAB Charge Base is the total of premiums and premium credits, if applicable, added during the two-year period commencing on the rider date if you purchase the rider on the contract date, or your contract value on the rider date plus premiums and premium credits, if applicable, added during the two-year period commencing on the rider date if you purchased the rider after the contract date, reduced pro-rata for all withdrawals taken while the MGAB rider is in effect, and reduced pro-rata for transfers made during the three year period before the MGAB Date. Withdrawals and transfers may reduce the applicable MGAB Charge Base by more than the amount withdrawn or transferred.

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The MGAB Date. The MGAB Date is the date the MGAB rider becomes effective. If you purchased the MGAB rider on the contract date or added the MGAB rider within 30 days following the contract date, the MGAB Date is your 10th contract anniversary. If you added the MGAB rider during the 30-day period preceding your first contract anniversary after the date of this prospectus, your MGAB Date will be the first contract anniversary occurring after 10 years after the rider date. The MGAB rider is not available if the MGAB Date would fall beyond the latest annuity start date.

Notification. We will report any crediting of the MGAB in your first quarterly statement following the MGAB Date.

No Cancellation. Once you purchase the MGAB rider, you may not cancel it unless you cancel the Contract during the Contract’s free look period, which also automatically cancels the MGAB rider. Once the Contract continues beyond the free look period, you may not cancel the MGAB rider.

Termination. The MGAB rider is a “living benefit,” which means the guaranteed benefit offered by the rider is intended to be available to you while you are living and while your Contract is in the accumulation phase. The MGAB rider automatically terminates if you:

annuitize, surrender or otherwise terminate your Contract during the accumulation phase; or
die during the accumulation phase (first owner to die if there are multiple contract owners, or at death of annuitant if contract owner is not a natural person), unless your spouse beneficiary elects to continue the Contract.

The MGAB rider will also terminate if there is a change in contract ownership (other than a spousal beneficiary continuation on your death), including addition of a joint owner.

Minimum Guaranteed Income Benefit Rider (the “MGIB Rider”). The MGIB rider is an optional benefit which guarantees a minimum amount of annuity income will be available to you if you annuitize on the MGIB Date (as defined below), regardless of fluctuating market conditions. Please note that if you elect the MGIB rider, you may not allocate contract value to the Fixed Interest Division. No loans are permitted on Contracts with the MGIB rider. The minimum guaranteed amount of annuity income will depend on the amount of premiums you pay during the five contract years after you purchase the rider, the MGIB Rate (as defined below), the adjustment for Special Fund transfers, and any withdrawals you take while the MGIB rider is in effect. Investing in Special Funds may limit the MGIB benefit because for purposes of determining the MGIB Benefit Base, Special Funds allocations are not subject to accumulation at the MGIB Rate, and withdrawals and transfers from Special Funds are not dollar-for-dollar, but pro-rata, meaning the MGIB Benefit Base may be reduced by the same proportion that contract value allocated to Special Funds is reduced. For Contracts with the MGIB rider purchased on and after September 4, 2007, the minimum guaranteed amount will also include any eligible premium credits.

Purchase. To purchase the MGIB rider, you must be age 75 or younger on the rider date and the ten-year waiting period must end at or prior to the latest annuity start date. Before April 28, 2008, the maximum age was 79. Some broker-dealers may not offer the MGIB rider, or may limit availability of the rider to younger ages. The rider date is the date the MGIB rider becomes effective. Generally, the MGIB rider must be purchased (i) on the contract date, or (ii) within thirty days after the contract date. We may allow election at other times at our discretion. There is a ten-year waiting period before you can annuitize under the MGIB rider.

The MGIB Date. The MGIB Date is the date on which you may exercise your right to begin receiving annuity income payments pursuant to the MGIB Rider. The MGIB Date always coincides with your Contract’s anniversary date. You may not exercise your right to begin receiving annuity income payments pursuant to the MGIB Rider until the MGIB Date that is at least ten years after the rider date.

Charges. The charge we deduct under the MGIB Rider is 0.75% of the MGIB Benefit Base. The calculation of the MGIB Benefit Base is described in “Determining the MGIB Annuity Income,” below. The MGIB rider automatically terminates if the contract value is insufficient to pay the charge for the MGIB rider.

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How the MGIB Rider Works. Ordinarily, the amount of income that will be available to you on the annuity start date is based on your contract value, the annuity option you selected and the guaranteed or the income factors in effect on the date you annuitize. If you purchase the MGIB rider, the amount of income that will be available to you upon annuitization on the MGIB Date is the greatest of:

1)	your annuity income based on your contract value on the MGIB Date applied to the guaranteed income factors specified in your Contract for the annuity option you selected;
2)	your annuity income based on your contract value on the MGIB Date applied to the then-current income factors in effect for the annuity option you selected; or
3)	the MGIB annuity income based on your MGIB Benefit Base on the MGIB Date applied to the MGIB income factors specified in your rider for the MGIB annuity option you selected. Prior to applying the MGIB income factors, we will adjust the MGIB Benefit Base for any premium tax recovery that would otherwise apply at annuitization.

The guaranteed factors contained in the MGIB rider generally provide lower payout per $1,000 of value applied than the guaranteed factors found in your Contract. Although the minimum income provided under the rider can be determined in advance, the contract value in the future is unknown, so the income provided under a contract with the MGIB rider attached may be greater or less than the income that would be provided under the Contract without the rider. Generally, the income calculated under the rider will be greater than the income provided under the Contract whenever the MGIB Benefit Base (greater of the Rollup and Ratchet Bases) is sufficiently in excess of the contract value to offset the additional conservatism reflected in the rider’s income factors compared to those in the Contract. The income factors in the MGIB rider generally reflect a lower interest rate and more conservative mortality than the income factors in the Contract. The degree of relative excess that the income factors require to produce more income will vary for each individual circumstance. If the contract value exceeds the MGIB Benefit Base at time of annuitization, the Contract will always produce greater income than the rider. Please see Appendix E — Examples of Minimum Guaranteed Income Benefit Calculation.

The MGIB Benefit Base is only a calculation used to determine the MGIB annuity income. The MGIB Benefit Base does not represent a contract value, nor does it guarantee performance of the subaccounts in which you are invested. It is also not used in determining the amount of your cash surrender value and death benefits. Any reset of contract value under provisions of the Contract or other riders will not increase the MGIB Benefit Base or Maximum MGIB Base (as defined below).

The MGIB Benefit Base is tracked separately for Covered and Special Funds, based on initial allocation of premium and any premium credit, if applicable. Contract value (not eligible premium) is used as the initial value if the rider is added after the contract date. The MGIB Benefit Base also will include subsequent eligible premiums, if any, which are premiums and related premium credits paid within five years of purchasing the MGIB rider. (Premiums and related premium credits paid after the rider date are excluded.) The following investment options are designated as Special Funds for purposes of calculating the MGIB Benefit Base: the ING Liquid Assets Portfolio. The ProFunds VP Rising Rates Opportunity Portfolio is also a Special Fund, but closed to new allocations, effective April 30, 2007. For more information about Covered Funds and Special Funds, please see “The Trust and Funds -Covered Funds and Special Funds.”

Prior to your latest annuity start date, you may choose to exercise your right to receive payments under the MGIB rider. Payments under the rider begin on the MGIB Date. We require a 10-year waiting period before you can annuitize the MGIB rider benefit. The MGIB must be exercised in the 30-day period prior to the end of the waiting period or any subsequent contract anniversary. At your request, the Company may in its discretion extend the latest contract annuity start date without extending the MGIB Date.

Determining the MGIB Annuity Income. On the MGIB Date, we calculate your MGIB annuity income as follows:

1)	We first determine your MGIB Benefit Base: The MGIB Benefit Base is equal to the greater of the MGIB Rollup Base and the MGIB Ratchet Base.

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a) Calculation of MGIB Rollup Base

The MGIB Rollup Base is equal to the lesser of the Maximum MGIB Base and the sum of (a), and (b) where:

(a) is the MGIB Rollup Base for Covered Funds; (b) is the MGIB Rollup Base for Special Funds;

The Maximum MGIB Base applicable to the MGIB Rollup Base is 250% of eligible premiums (including any related premium credits), adjusted pro-rata for withdrawals. This means that the Maximum MGIB Base is reduced for withdrawals by the same proportion that the withdrawal reduces the contract value. The Maximum MGIB Base is not allocated by Fund category.

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The MGIB Rate. Calculation of the MGIB Rollup Base will be impacted by the MGIB Rate. The MGIB Rate is an annual effective rate at which the eligible premiums (including any related premium credits) accumulate, which is currently 76%. As noted below, eligible premiums (including any related premium credits) accumulate at the MGIB Rate only up until the oldest contract owner reaches age 80 or the MGIB Rollup Base reaches the Maximum MGIB Base, and only to the extent that premiums are invested in Covered Funds.

For example, assume a contract was issued on September 4, 2007 with an initial premium of $10,000, and the issue age of the contract owner was age 60, with an MGIB Date of September 4, 2017. Assuming 100% of the premium was allocated to Covered Funds, the MGIB Rollup Base would be $17,908 on the MGIB Date, the result of the $10,000 initial premium multiplied by the 7% MGIB Rate annually for the 10-year period between the issue date and the MGIB Date.

For Contracts with the MGIB rider purchased before May 1, 2009, the MGIB Rate is 7%.

The MGIB Rollup Base allocated to Covered Funds equals the eligible premiums (including any related premium credits), allocated to Covered Funds, adjusted for subsequent withdrawals and transfers taken or made while the MGIB rider is in effect, accumulated at the MGIB Rate to the earlier of the oldest owner reaching age 80 and the MGIB Rollup Base reaching the Maximum MGIB Base. The MGIB Rollup Base accumulates at 0% thereafter. The MGIB Rate is currently 76% (7% for Contracts with the MGIB rider purchased before May 1, 2009). The MGIB Rate is an annual effective rate. We may, at our discretion, discontinue offering this rate. The MGIB Rate will not change for those contracts that have already purchased the MGIB rider.

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The MGIB Rollup Base allocated to Special Funds equals the eligible premiums (including any related premium credits), allocated to Special Funds, adjusted for subsequent withdrawals and transfers taken or made while the MGIB rider is in effect. The MGIB Rate does not apply to the MGIB Rollup Base allocated to Special Funds, so the MGIB Rollup Base allocated to Special Funds does not accumulate.

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Withdrawals reduce the MGIB Rollup Base on a pro-rata basis. The percentage reduction in the MGIB Rollup Base for each Fund category (i.e., Covered or Special) equals the percentage reduction in contract value in that Fund category resulting from the withdrawal. This means that the MGIB Rollup Base for Covered Funds and Special Funds is reduced for withdrawals by the same proportion that the withdrawal reduces the contract value allocated to Covered Funds or Special Funds. For example, if the contract value in Covered Funds is reduced by 25% as the result of a withdrawal, the MGIB Rollup Base allocated to Covered Funds is also reduced by 25% (rather than by the amount of the withdrawal).

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Because the MGIB Rollup Base is tracked separately for Covered and Special Funds, when you make transfers between Covered and Special Funds, there is an impact on the MGIB Rollup Base. Net transfers between Covered Funds and Special Funds will reduce the MGIB Rollup Base

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allocated to Covered Funds or Special Funds, as applicable, on a pro-rata basis. This means that the MGIB Rollup Base allocated to Covered Funds or Special Funds will be reduced by the same percentage as the transfer bears to the contract value allocated to Covered Funds or Special Funds. For example, if the contract value in Covered Funds is reduced by 25% as the result of the transfer, the MGIB Rollup Base allocated to Covered Funds is also reduced by 25% (rather than by the amount of the transfer). The resulting increase in the MGIB Rollup Base allocated to Special Funds will equal the reduction in the MGIB Rollup Base allocated to Covered Funds. Transfers from Special Funds to Covered Funds are treated in the same way.

In a case where the MGIB Rollup Base for Covered Funds is greater than the contract value in Covered Funds, a transfer from Covered Funds will result in the MGIB Rollup Base for Covered Funds being reduced by a dollar amount that is higher than the dollar amount of the transfer. A higher reduction to the MGIB Rollup Base for Covered Funds will have a larger negative impact on the MGIB Benefit Base, potentially reducing the minimum guaranteed amount of annuity income upon annuitization under the MGIB rider. This means the benefit you receive under the MGIB rider will not be as great because of the transfer.

For example, assume the MGIB Rollup Base for Covered Funds prior to a transfer from Covered Funds was $12,000 at a time that the contract value in Covered Funds was $10,000. If the contract owner transferred 25% of this $10,000 ($2,500) from the contract value in the Covered Funds, it would result in a 25% decrease in the MGIB Rollup Base for Covered Funds, or $3,000 ($12,000 * 25%), which is $500 more than the amount actually transferred from the Covered Funds.

b) Calculation of MGIB Ratchet Base

The MGIB Ratchet Base for Covered Funds and Special Funds equals:

· on the rider date, eligible premiums (including any related premium credits) or the contract value (if the rider is added after the contract date) allocated to Covered Funds and Special Funds;

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· on each contract anniversary prior to attainment of age 90, the MGIB Ratchet Base for Covered Funds and Special Funds is set equal to the greater of:

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1) the current contract value allocated to Covered Funds and Special Funds (after any deductions occurring on that date); and

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2) the MGIB Ratchet Base for Covered Funds and Special Funds from the prior contract anniversary, adjusted for any new eligible premiums (including any related premium credits), withdrawals attributable to Covered Funds or Special Funds, and transfers.

For Contracts with the MGIB rider purchased before February 2, 2009, the MGIB Ratchet Base for Covered and Special Funds is recalculated on each “quarterly anniversary date” prior to attainment of age 90. A “quarterly anniversary date” is the date three months from the contract date that falls on the same date in the month as the contract date. For example, if the contract date is February 12, the quarterly anniversary date is May 12. If there is no corresponding date in the month, the quarterly anniversary date will be the last date of the month.

Whenever the date falls on a weekend or holiday, we will use the value as of the subsequent business day.

· at other times, the MGIB Ratchet Base for Covered Funds and Special Funds is the MGIB Ratchet Base from the prior contract anniversary (quarterly anniversary date for

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Contracts with the MGIB rider purchased before February 2, 2009), adjusted for subsequent eligible premiums (including any related premium credits), withdrawals attributable to Covered Funds or Special Funds, and transfers.

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Withdrawals reduce the MGIB Ratchet Base on a pro-rata basis. The percentage reduction in the MGIB Ratchet Base for each fund category (i.e., Covered Funds and Special Funds) equals the percentage reduction in contract value in that fund category resulting from the withdrawal. This means that the MGIB Ratchet Base for Covered Funds and Special Funds is reduced for withdrawals by the same proportion that the withdrawal reduces the contract value allocated to Covered Funds and Special Funds. For example, if the contract value in Covered Funds is reduced by 25% as the result of a withdrawal (including surrender charge), the MGIB Ratchet Base allocated to Covered Funds is also reduced by 25% (rather than the amount of the withdrawal).

2) Then we determine the MGIB annuity income by multiplying your MGIB Benefit Base (adjusted for any surrender charge and premium taxes) by the income factor, and then divide by $1,000.

MGIB Income Options

The following are the MGIB Income Options available under the MGIB Rider:

(i)	If MGIB Benefit exercised at ages 10-73:
	Income for Life (Single Life or Joint with 100% Survivor) with no more than a 10 year certain fixed period.
(ii)	If MGIB Benefit exercised at ages 74-89:
	Income for Life (Single Life or Joint with 100% Survivor) with no more than a six year certain period.
(iii)	Any other income plan offered by the Company in conjunction with the MGIB rider on the MGIB Date.

For Contracts with the MGIB rider purchased before September 4, 2007, the exercise ranges were 10 to 74 and 75 to 89. Also, the period certain was seven years instead of six if the MGIB rider is to be exercised during the later age range.

Once during the life of the Contract, you have the option to elect to apply up to 50% of the MGIB Benefit Base to one of the MGIB Income Options available under the Rider. This option may only be exercised in the 30-day period prior to a contract anniversary at or after the end of the waiting period. The portion of the MGIB Benefit Base so applied will be used to determine the MGIB income, as is otherwise described in the prospectus. The Contract Value will be reduced on a pro-rata basis. Any subsequent exercise of your right to receive payments under the MGIB rider must be for 100% of the remaining value. The exercise of this partial annuitization of the MGIB Benefit Base does not affect your right to annuitize under the Contract without regard to the rider. The amount applied to the partial annuitization will be treated as a withdrawal for purposes of adjusting contract and rider values.

Please note that if you elect partial annuitization, income payments received will be taxed as withdrawals. Please consult your tax adviser before making this election, as the taxation of partial annuitization is uncertain.

Investment Option Restrictions. For Contracts with the MGIB rider purchased on and after September 4, 2007, there is an asset allocation requirement. We require that your contract value be allocated in accordance with

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certain limitations in order to mitigate the insurance risk inherent in our guarantee to provide you with a guaranteed minimum amount of annuity income if you annuitize on the MGIB Date (subject to the terms and conditions of the MGIB rider). There are Accepted Funds, Fixed Allocation Funds and Other Funds for purposes of this asset allocation requirement. We are not currently applying this asset allocation requirement to the MGIB rider.

Accepted Funds. Currently, the Accepted Funds are:


BlackRock Global Allocation V.I. Fund	ING Liquid Assets Portfolio
ING American Funds Asset Allocation Portfolio	ING MFS Total Return Portfolio
ING American Funds World Allocation Portfolio	ING Oppenheimer Active Allocation Portfolio
ING LifeStyle Conservative Portfolio	ING Russell Global Large Cap Index 75% Portfolio
ING LifeStyle Growth Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING LifeStyle Moderate Growth Portfolio	ING Van Kampen Equity and Income Portfolio
ING LifeStyle Moderate Portfolio	ING Van Kampen Global Tactical Asset Allocation
	Portfolio

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If this rider was purchased before February 2, 2009, the following are additional Accepted Funds:

ING Franklin Templeton Founding Strategy Portfolio

ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio

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We may change these designations at any time upon 30 days written notice to you. If a change is made, the change will apply to contract value allocated to such portfolios after the date of the change.

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Fixed Allocation Funds. Currently, the Fixed Allocation Funds are:

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ING American Funds Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING BlackRock Inflation Protected Bond Portfolio	ING U.S. Bond Index Portfolio
ING Intermediate Bond Portfolio

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You may allocate contract value to one or more of the Fixed Allocation Funds. We consider the ING Intermediate Bond Portfolio to be the default Fixed Allocation Fund with Fixed Allocation Funds Automatic Rebalancing.

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Other Funds. All portfolios available under the contract other than the Accepted Funds or Fixed Allocation Funds are considered Other Funds.

Fixed Allocation Funds Automatic Rebalancing. If the contract value in the Fixed Allocation Funds is less than a percentage of the total contract value allocated to both the Fixed Allocation Funds and Other Funds on any MGIB Rebalancing Date (as defined below), then we will automatically rebalance the contract value allocated to the Fixed Allocation Funds and Other Funds so that the appropriate percentage of this amount is allocated to the Fixed

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Allocation Funds. This is called Fixed Allocation Funds Automatic Rebalancing and the percentage is stated in your Contract. Currently, the minimum Fixed Allocation Fund percentage is zero – we are not currently imposing these asset allocation requirements. Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done on a pro-rata basis among the Fixed Allocation Funds and Other Funds and will be the last transaction processed on that date.

The MGIB Rebalancing Dates occur on each annual contract anniversary and after any one of the following transactions:

1)	receipt of additional premiums;
2)	transfer or reallocation among Fixed Allocation Funds or Other Funds, whether automatic or specifically directed by you; and
3)	withdrawals from a Fixed Allocation Fund or Other Fund.

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the contract. However, if the other automatic rebalancing under the contract causes the allocations to be out of compliance with the investment option restrictions noted above, then Fixed Allocation Funds Automatic Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See “Appendix G - Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed Allocation Funds Automatic Rebalancing has occurred, along with your new allocations, by a confirmation statement that will be mailed to you after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in reallocation into the Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the MGIB rider, you are providing the Company with direction and authorization to process these transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the MGIB rider if you do not wish to have your contract value reallocated in this manner.

Relationship of Accepted Funds, Other Funds and Fixed Allocation Funds to Special Funds, Covered Funds and Restricted Funds. In general, Special Funds, Covered Funds and Restricted Funds impact the value of certain benefits available under living benefit riders, while Accepted Funds and Other Funds relate to the asset allocation requirements required under the living benefit riders. Fixed Allocation Funds Automatic Rebalancing and its fund designations (Accepted Funds, Fixed Allocation Funds and Other Funds) are in addition to the designations for purposes of calculating the MGIB Benefit Base (Covered Funds and Special Funds). Please see “The Trusts and Funds – Covered Funds and Special Funds” and “The Trusts and Funds – Restricted Funds.” Because of this, your ability to allocate your entire contract value to all Covered Funds for purposes of calculating the MGIB Benefit Base is subject to Fixed Allocation Funds Automatic Rebalancing. In the event you allocate contract value to Covered Funds for the purposes of calculating the MGIB Benefit Base that are considered Other Funds for purposes of the above asset allocation requirements, you will be required to satisfy the asset allocation requirements of Fixed Allocation Funds Automatic Rebalancing. However, we are not currently imposing these asset allocation requirements.

In the event an investment option was designated a Restricted Fund, any allocations to a specific investment option would be further limited to the investment limitations of these funds. Please see “The Trusts and Funds – Restricted Funds.” Currently, no investment options are designated as a Restricted Fund.

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It is possible for an investment option to have two different designations: An Accepted Fund for purposes of Fixed Allocation Funds Automatic Rebalancing may also be a Special Fund for purposes of calculating the MGIB Rollup Base. While Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing, and so your allocation to that investment option as an Accepted Fund would not be subject to Fixed Allocation Funds Automatic Rebalancing, the MGIB Rollup Base is impacted as a consequence in as much as your allocation to that investment division as a Special Fund would not accumulate at the MGIB Rate of 6% per year (7% for Contracts with the MGIB rider purchased before May 1, 2009). Therefore, if we were currently imposing the asset allocation

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requirements, and a contract owner wished to avoid this result, he or she could allocate among the remaining Accepted Funds, as well as among the remaining Other Funds that are not designated as Special Funds (subject to Fixed Allocation Funds Automatic Rebalancing).

No Cancellation. Once you purchase the MGIB rider, you may not cancel it unless you: a) cancel the Contract during the Contract’s free look period; b) surrender the Contract; c) begin the income phase and start receiving annuity payments; or d) otherwise terminate the Contract pursuant to its terms. These events automatically cancel the MGIB rider. Once the Contract continues beyond the free look period, you may not cancel the MGIB rider.

Termination. The MGIB rider is a “living benefit,” which means the guaranteed benefit offered by the rider is intended to be available to you while you are living and while your Contract is in the accumulation phase. The MGIB rider automatically terminates if you:

annuitize, surrender or otherwise terminate your Contract during the accumulation phase;
do not have contract value that is sufficient to pay the charge for the MGIB rider; or
die during the accumulation phase (first owner to die if there are multiple contract owners, or at death of annuitant if contract owner is not a natural person), unless your spouse beneficiary elects to continue the Contract.

Change of Owner or Annuitant. The MGIB rider will also terminate upon a change of ownership, including adding a joint owner. Once you purchase the MGIB rider, the annuitant may not be changed except when an annuitant who is not a contract owner dies prior to annuitization, in which case a new annuitant may be named in accordance with the provisions of your Contract. The MGIB Base is unaffected and continues to accumulate.

In addition to spousal continuation, the following transactions are not considered a change of ownership for purposes of termination of the MGIB rider:

1)	Transfers from custodian to custodian;
2)	Transfers from a custodian for the benefit of an individual to that same individual;
3)	Transfers from an individual to a custodian for the benefit of the same individual;
4)	Collateral assignments;
5)	Transfers from trust to trust where the contract owner and the grantor of the trust is the same individual;
6)	Transfers from an individual to a trust where the contract owner and the grantor of the trust is the same individual; or
7)	Transfers from a trust to an individual where the contract owner and the grantor of the trust is the same individual.

Notification. On or about 30 days prior to the MGIB Date, we will provide you with notification which will include an estimate of the amount of MGIB annuity benefit available if you choose to exercise it. We will determine the actual amount of the MGIB annuity benefit as of the MGIB Date.

The MGIB rider does not restrict or limit your right to annuitize the Contract at any time permitted under the Contract. The MGIB rider does not restrict your right to annuitize the Contract using contract values that may be higher than the MGIB annuity benefit.

The benefits associated with the MGIB rider are available only if you annuitize your Contract under the rider and in accordance with the provisions set forth above. Annuitizing using the MGIB may result in a

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more favorable stream of income payments, and different tax consequences, under your Contract. Because the MGIB rider is based on conservative actuarial factors, the level of lifetime income that it guarantees may be less than the level that might be provided by the application of your Contract value to the Contract’s applicable annuity factors. You should consider all of your options at the time you begin the income phase of your Contract.

ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”) Rider. The ING LifePay Plus rider generally provides, subject to the restrictions and limitations below, that we will guarantee a minimum level of annual withdrawals from the Contract for the lifetime of the annuitant, even if these withdrawals deplete your Contract value to zero. You may wish to purchase this rider if you are concerned that you may outlive your income.

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Important Note: The below information pertains to the ING LifePay Plus rider available for sale since

January 28, 2008. Please see Appendix H if you purchased ING LifePay the prior form of this rider.

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Purchase. Beginning on and after January 28, 2008, you may elect to purchase the ING LifePay Plus rider. The annuitant must be the owner or one of the owners, unless the owner is a non-natural owner. Joint annuitants are not allowed. The maximum issue age is 80. The issue age is the age of the owner (or the annuitant if there are joint owners or the owner is non-natural) on the Contract anniversary on which the rider is effective. The ING LifePay Plus rider is subject to broker/dealer availability. The ING LifePay Plus rider will not be issued until your contract value is allocated in accordance with the investment option restrictions described in “Investment Option Restrictions,” below. Please note that with the ING LifePay Plus rider, you cannot allocate contract value to a Fixed Interest Division at any time.

Contracts issued on and after November 1, 2004 are eligible for the ING LifePay Plus rider, subject to the conditions, requirements and limitations of the prior paragraph. Such Contracts must not already have a living benefit rider. Or if your Contract meets the above eligibility date and has the ING LifePay rider, you may upgrade to the ING LifePay Plus rider for a limited time. There is an election form for this purpose. Please contact the Customer Service Center for more information.

Rider Date. The rider date is the date the ING LifePay Plus rider becomes effective. If you purchase the ING LifePay Plus rider when the Contract is issued, the rider effective date is also the Contract date. If the rider is added after contract issue, the rider effective date will be the date of the Contract’s next following quarterly contract anniversary.

No Cancellation. Once you purchase the ING LifePay Plus rider, you may not cancel it unless you: a) cancel the Contract during the Contract’s free look period; b) surrender the Contract; c) begin the income phase and start receiving annuity payments; or d) otherwise terminate the Contract pursuant to its terms. These events automatically cancel the ING LifePay Plus rider.

Termination. The ING LifePay Plus rider is a “living benefit,” which means the guaranteed benefits offered are intended to be available to you while you are living and while your Contract is in the accumulation phase. The optional rider automatically terminates if you:

1)	terminate your Contract pursuant to its terms during the accumulation phase, surrender your Contract, or begin receiving income phase payments in lieu of payments under the ING LifePay Plus rider; or
2)	die during the accumulation phase (first owner to die if there are multiple Contract owners, or death of annuitant if Contract owner is not a natural person), unless your spouse beneficiary elects to continue the Contract.

The ING LifePay Plus rider will also terminate if there is a change in Contract ownership (other than a spousal beneficiary continuation on your death). Other circumstances that may cause the ING LifePay Plus rider to terminate automatically are discussed below.

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How the ING LifePay Plus Rider Works. The ING LifePay Plus rider has both phases and statuses. Through the lifetime of the ING LifePay Plus rider, you will be in one of two phases: the Growth Phase or the Withdrawal Phase. As detailed below, the Growth Phase begins on the effective date of the rider and ends as of the business day before you take your first withdrawal, or on your Contract’s annuity start date. See “The Income Phase –Restrictions on Start Dates and the Duration of Payments.” During the Growth Phase, no benefits under the ING LifePay Plus rider are being paid out; rather, during the Growth Phase, premiums and investment growth under your contract continue to accumulate. The Withdrawal Phase follows the Growth Phase and begins once you take your first withdrawal or annuity payment, whichever occurs first. During the Withdrawal Phase, you may withdraw guaranteed amounts from your Contract, subject to the terms and conditions noted in this section.

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During the Withdrawal Phase, this rider has four different statuses that come in a pair to fulfill your withdrawal guarantee: Guaranteed Withdrawal Status and Automatic Periodic Benefit Status; and Lifetime Guaranteed Withdrawal Status and Lifetime Automatic Periodic Benefit Status. Together, these status pairs operate to fulfill the rider’s withdrawal guarantee and depend on how old your annuitant is when you take your first withdrawal.

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Guaranteed Withdrawal Status begins on the date of the first withdrawal, ONLY IF the quarterly contract anniversary following the annuitant reaching age 59½ has not yet passed, and continues until certain circumstances occur as noted in “Guaranteed Withdrawal Status” below. Thereafter, Automatic Periodic Benefit Status would begin ONLY IF your contract value is depleted to zero for reasons other than withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING LifePay Plus rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal until the MGWB Base is exhausted. Alternatively, in the event your contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then Automatic Periodic Benefit Status would not begin. Rather, the Contract and the ING LifePay Plus rider will terminate without value. While the Withdrawal Phase of your rider may begin in Guaranteed Withdrawal Status, your rider may not enter Automatic Periodic Benefit Status

Lifetime Guaranteed Withdrawal Status begins on the date of the first withdrawal, provided the quarterly contract anniversary following the annuitant’s age 59½ has passed, and continues until certain circumstances occur as noted in the “Lifetime Guaranteed Withdrawal Status” below. Thereafter, Lifetime Automatic Periodic Benefit Status would begin ONLY IF you contract value is depleted to zero for reasons other than withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING LifePay Plus rider, you will begin to receive periodic payments in an amount equal to the Maximum Annual Withdrawal. Alternatively, in the event your contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then Lifetime Automatic Periodic Benefit Status would not begin. Rather, the Contract and the ING LifePay Plus rider will terminate without value.

Benefits paid under the ING LifePay Plus rider require the calculation of the Maximum Annual Withdrawal. The ING LifePay Plus Base (referred to as the “MGWB Base” in the Contract) is used to determine the Maximum Annual Withdrawal and is calculated as follows:

1)	If you purchased the ING LifePay Plus rider on the Contract date, the initial ING LifePay Plus Base is equal to the initial premium (excluding any credit on the premium, or premium credit, available with your Contract).
2)	If you purchased the ING LifePay Plus rider after the Contract date, the initial ING LifePay Plus Base is equal to the Contract value on the effective date of the rider (excluding any premium credits applied during the preceding 36 months).

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During the Growth Phase, the ING LifePay Plus Base is increased dollar-for-dollar by any premiums received, excluding any applicable premium credits (“eligible premiums”). In addition, on each contract anniversary, the ING LifePay Plus Base is recalculated as the greater of:

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· The current ING LifePay Plus Base; or

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The current Contract value (excluding any premium credits applied during the 36 months preceding the calculation). This is referred to as the annual “ratchet.”

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If this rider was purchased before February 2, 2009, the ING LifePay Plus Base is recalculated on each quarterly contract anniversary (once each quarter of a contract year from the contract date). This is referred to as a quarterly “ratchet.”

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Also, on each of the first ten contract anniversaries ONLY after the Annuitant has reached age 59½, the ING LifePay Plus Base is recalculated as the greatest of:

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The current ING LifePay Plus Base; or
The current Contract value (excluding any premium credits applied during the 36 months preceding the calculation); and
The ING LifePay Plus Base on the previous contract anniversary, increased by 6%, plus any eligible premiums and minus any third-party investment advisory fees paid from your contract during the year.
This is referred to as an annual “step-up.” (Any premium credits applied are excluded from the eligible premiums with a step-up.) If this rider was purchased before February 2, 2009, the annual step-up is 7%.

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Please note that there are no partial step-ups. Step-ups are not pro-rated. So for existing Contracts to which this rider is attached (a post Contract issuance election), the first opportunity for a step-up will not be until the first contract anniversary after a full contract year has elapsed since the rider effective date, SO LONG AS the Annuitant is at least age 59½.

Say for example that with a Contract purchased on January 1, 2007, the contract owner decides to add LifePay Plus on March 15, 2007. The rider effective date is April 1, 2007, which is the date of the Contract’s next following quarterly contract anniversary. Because on January 1, 2008 a full contract year will not have elapsed since the rider effective date, the ING LifePay Plus Base will not be eligible for a step-up. Rather, the first opportunity for a step-up with this Contract is on January 1, 2009, assuming the Annuitant is age 59½.

This rider has no cash value. You cannot surrender the Contract for the ING LifePay Plus Base. The ING LifePay Plus Base is not available to annuitize.

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Currently, any additional premiums paid during the Withdrawal Phase are eligible premiums for purposes of determining the ING LifePay Plus Base and the Maximum Annual Withdrawal. If this rider was purchased before February 2, 2009, any additional premiums paid during the Withdrawal Phase are not eligible premiums, but do increase the Contract value used to determine the reset Maximum Annual Withdrawal under the benefit reset feature of the ING LifePay Plus rider (see “ING LifePay Plus Reset,” below). We reserve the right to discontinue allowing premium payments during the Withdrawal Phase.

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Guaranteed Withdrawal Status. This status begins on the date of the first withdrawal, ONLY IF the quarterly contract anniversary has not passed on which or after the annuitant is age 59½. While the ING LifePay Plus rider is in Guaranteed Withdrawal Status, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the ING LifePay Plus Base dollar-for-dollar. Withdrawals while the ING LifePay Plus rider is in Guaranteed Withdrawal Status are not guaranteed for the lifetime of the annuitant. This status will then continue until the earliest of:

1)	quarterly contract anniversary following the annuitant reaching age 59½, provided the contract owner does not decline the change to Lifetime Guaranteed Withdrawal Status;
2)	reduction of the ING LifePay Plus Base to zero, at which time the rider will terminate;
3)	the date annuity payments begin (see “The Income Phase”);
4)	reduction of the Contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal;

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5)	reduction of the Contract value to zero by a withdrawal less than or equal to the Maximum Annual Withdrawal (see “Automatic Periodic Benefit Status,” below);
6)	the surrender of the Contract;
7)	the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural owner), unless your spouse beneficiary elects to continue the Contract; or
8)	automatic reset into the Lifetime Guaranteed Withdrawal Status.

You will receive prior notice, of not less than 30 days, if you are in the Guaranteed Withdrawal Status and become eligible for the Lifetime Guaranteed Withdrawal Status. This notice will explain the change, its impact to you and your options. You may decline this change.

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Please note that with the automatic reset into the Lifetime Guaranteed Withdrawal Status, it is possible that the Maximum Annual Withdrawal, as recalculated, will be less, due to your withdrawals (and reduction of the ING LifePay Plus Base as a result) while the rider was in the Guaranteed Withdrawal Status. See Appendix F, Illustration 6, for an example. Also please note, however, that by declining automatic reset into the Lifetime Guaranteed Withdrawal Status, your ING LifePay Plus Base will not thereafter be automatically reset – to the then current Contract value (excluding any premium credits applied during the 36 months preceding the calculation) if the contract value is higher – as it could be while the rider is in Lifetime Guaranteed Withdrawal Status. No further resets will be available. For more information, please see “ING LifePay Plus Reset” below.

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If you decline the automatic reset, your rider will continue in the Guaranteed Withdrawal Status. There will not be another opportunity to automatically reset into the Lifetime Guaranteed Withdrawal Status. Thereafter, in the event contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor market performance, your rider’s status will change to Automatic Periodic Benefit Status. In Automatic Periodic Benefit Status, other than the payments as provided under the ING LifePay Plus rider, the Contract will provide no further benefits (including death benefits). In the event contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will terminate without value. For more information about the effect of a withdrawal reducing the Contract value to zero, please see “Automatic Periodic Benefit Status” below.

Please see below for more information about each of this rider’s four different statuses.

Lifetime Guaranteed Withdrawal Status. This status begins on the date of your first withdrawal, SO LONG AS the quarterly contract anniversary has passed on which or after the annuitant is age 59½. Or for Contracts in Guaranteed Withdrawal Status, the Lifetime Guaranteed Withdrawal Status begins upon automatic reset. This status continues until the earliest of:

1)	the date annuity payments begin (see “The Income Phase”);
2)	reduction of the Contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal;
3)	reduction of the Contract value to zero by a withdrawal less than or equal to the Maximum Annual Withdrawal (see “Lifetime Automatic Periodic Benefit Status,” below);
4)	the surrender of the Contract; or
5)	the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural person owner), unless your spouse beneficiary elects to continue the Contract.

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor

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market performance. In Lifetime Automatic Periodic Benefit Status, other than the payments as provided under the ING LifePay Plus rider, the Contract will provide no further benefits (including death benefits). Otherwise, if Contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will terminate without value. For more information about the effect of a withdrawal reducing the Contract value to zero, please see “Lifetime Automatic Periodic Benefit Status” below. As described below, certain features of the ING LifePay Plus rider may differ depending on whether you are in Lifetime Guaranteed Withdrawal Status.

Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is determined on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the Contract value and 2) the ING LifePay Plus Base as of the last day of the Growth Phase. The first withdrawal after the effective date of the rider (which causes the end of the Growth Phase) is treated as occurring on the first day of the Withdrawal Phase, after calculation of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal percentage, which varies by age of the annuitant on the date the Withdrawal Phase begins, is as follows:

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	Maximum Annual
Annuitant Age	Withdrawal Percentage
0-64*	4%*
65-75	5%
76-80	6%
81+	7%

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*If the Withdrawal Phase begins before the quarterly contract anniversary on or after the annuitant reaches age 59½ , withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the ING LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then, on the quarterly contract anniversary on or after the annuitant reaches age 59 ½, the ING LifePay Plus Base will automatically be reset to the current Contract value (excluding any premium credits applied during the preceding 36 months), if greater, and the Maximum Annual Withdrawal will be recalculated.

If this rider was purchased before February 2, 2009, the Maximum Annual Withdrawal Percentages are:

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	Maximum Annual
Annuitant Age	Withdrawal Percentage
0-75*	5%*
76-80	6%
81+	7%

*If the Withdrawal Phase begins before the quarterly contract anniversary on or after the annuitant reaches age 59½, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the ING LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then, on the quarterly contract anniversary on or after the annuitant reaches age 59½, the ING LifePay Plus Base will automatically be reset to the current Contract value (excluding any premium credits applied during the preceding 36 months), if greater, and the Maximum Annual Withdrawal will be recalculated.

Once determined, the Maximum Annual Withdrawal percentage never changes for the Contract, except as provided for under spousal continuation. See “Continuation After Death – Spouse,” below. This is important to keep in mind in deciding when to take your first withdrawal because the younger you are at that time, the lower the Maximum Annual Withdrawal percentage.

If the Contract’s annuity commencement date is reached while you are in the ING LifePay Plus rider’s Lifetime Guaranteed Withdrawal Status, then you may elect a life only annuity option, in lieu of the

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Contract’s other annuity options, under which we will pay the greater of the annuity payout under the Contract and equal annual payments of the Maximum Annual Withdrawal.

Whether the Maximum Annual Withdrawal is subject to change depends on the extent of your withdrawals. The amount of your withdrawal or withdrawals in any Contract year that, when added together, do not exceed the Maximum Annual Withdrawal do not reduce the Maximum Annual Withdrawal. However, if the total amount of your withdrawals in any Contract year exceeds the Maximum Annual Withdrawal, then the Maximum Annual Withdrawal will be reduced in the same proportion as the contract value is reduced by the amount of the excess withdrawal.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a Contract year exceed the Maximum Annual Withdrawal and the amount of your present request for a withdrawal. The amount of any applicable premium credit deduction (recapture) or surrender charges are not included in determining whether the total amount of your withdrawals in a Contract year exceeds the Maximum Annual Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum Annual Withdrawal is to be subject to a pro-rata reduction because of an excess withdrawal, the amount by which the Maximum Annual Withdrawal will be reduced will include any premium credit deduction and surrender charges. See Appendix F, Illustrations 1 and 2 for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the Contract to satisfy the Required Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING LifePay Plus rider and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such withdrawal that exceed the Maximum Annual Withdrawal for a specific Contract year will not be deemed excess withdrawals in that Contract year for purposes of the ING LifePay Plus rider, subject to the following rules:

1)	If your Required Minimum Distribution for a calendar year (determined on a date on or before January 31 of that year), applicable to this Contract, is greater than the Maximum Annual Withdrawal on that date, an Additional Withdrawal Amount will be set equal to that portion of the Required Minimum Distribution that exceeds the Maximum Annual Withdrawal.
2)	Once you have taken the Maximum Annual Withdrawal for the then current Contract year, the dollar amount of any additional withdrawals will count first against and reduce any unused Additional Withdrawal Amount for the previous calendar year followed by any Additional Withdrawal Amount for the current calendar year – without being deemed an excess withdrawal.
3)	In the event of any withdrawals that exceed the Maximum Annual Withdrawal and all available Additional Withdrawal Amounts, the dollar amount of these withdrawals will be deemed excess withdrawals that cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as described above.
4)	The Additional Withdrawal Amount is available on a calendar year basis and recalculated every January, reset to equal that portion of the Required Minimum Distribution for that calendar year that exceeds the Maximum Annual Withdrawal on that date. Any unused amount of the Additional Withdrawal Amount carries over into the next calendar year and is available through the end of that year, at which time any amount remaining will expire.
5)	The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum Annual Withdrawal Amount. See “ING LifePay Plus Reset Option” below. The Additional Withdrawal Amount is only subject to change when the Additional Withdrawal Amount is reset as described above.

See Appendix F, Illustrations 3 and 4.

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the Contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such withdrawals reduce the ING LifePay Plus Base on a dollar-for-dollar basis, and during the Withdrawal Phase, these withdrawals are treated as any other withdrawal.

Automatic Periodic Benefit Status. If the Contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and the rider will terminate without value due to the pro-rata reduction described in “Determination of the Maximum Annual Withdrawal” above.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal while the rider is in Guaranteed Withdrawal Status, the rider will enter Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING LifePay Plus rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal, until the remaining ING LifePay Plus Base is exhausted.

When the rider enters Automatic Periodic Benefit Status:

1)	the Contract will provide no further benefits (including death benefits) other than as provided under the ING LifePay Plus rider;
2)	no further premium payments will be accepted; and
3)	any other riders attached to the Contract will terminate, unless otherwise specified in that rider.

During Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount that is equal to the Maximum Annual Withdrawal. These payments will continue until the ING LifePay Plus Base is reduced to zero, at which time the rider will terminate without value.

If when the ING LifePay Plus rider enters Automatic Periodic Benefit Status your net withdrawals to date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference immediately. The periodic payments will begin on the last day of the first full Contract year following the date the rider enters Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

You may elect to receive systematic withdrawals pursuant to the terms of the Contract. Under a systematic withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time the rider enters Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the Contract more frequently than annually, the periodic payments will be made at the same frequency in equal amounts such that the sum of the payments in each Contract year will equal the annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually or annually, the payments will be made at the end of the half-Contract year or Contract year, as applicable.

Lifetime Automatic Periodic Benefit Status. If the Contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and the rider will terminate without value due to the pro-rata reduction described in “Determination of the Maximum Annual Withdrawal” above.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal while the rider is in Lifetime Guaranteed Withdrawal Status, the rider will enter Lifetime Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING LifePay Plus rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal.

When the rider enters Lifetime Automatic Periodic Benefit Status:

1)	the Contract will provide no further benefits (including death benefits) other than as provided under the ING LifePay Plus rider;

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2)	no further premium payments will be accepted; and
3)	any other riders attached to the Contract will terminate, unless otherwise specified in that rider.

During Lifetime Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount that is equal to the Maximum Annual Withdrawal. These payments will cease upon the death of the annuitant at which time both the rider and the Contract will terminate. The rider will remain in Lifetime Automatic Periodic Benefit Status until it terminates without value upon the annuitant’s death.

If when the ING LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status your net withdrawals to date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference immediately. The periodic payments will begin on the last day of the first full Contract year following the date the rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

You may elect to receive systematic withdrawals pursuant to the terms of the Contract. Under a systematic withdrawal, either a fixed amount or an amount based upon percentage of the contract value will be withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time the rider enters Lifetime Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the Contract more frequently than annually, the periodic payments will be made at the same frequency in equal amounts such that the sum of the payments in each Contract year will equal the annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually or annually, the payments will be made at the end of the half-Contract year or Contract year, as applicable.

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ING LifePay Plus Reset. Once the Lifetime Guaranteed Withdrawal Status begins and the Maximum Annual Withdrawal has been determined, on each contract anniversary we will increase (or “reset”) the ING LifePay Plus Base to the current Contract value (excluding any premium credits applied during the 36 months preceding the calculation), if the Contract value is higher. The Maximum Annual Withdrawal will also be recalculated, and the remaining portion of the new Maximum Annual Withdrawal will be available for withdrawal immediately. This reset ONLY occurs when the rider is in Lifetime Guaranteed Withdrawal Status, and is automatic.

If this rider was purchased before February 2, 2009, the ING LifePay Plus Base and Maximum Annul Withdrawal is reset on each quarterly contract anniversary.

We reserve the right to change the charge for this rider with a reset. In this event, you will receive prior notice, of not less than 30 days, which explains the change, its impact to you and your options. You may decline this change (and the reset). Please note, however, that by declining a reset, your ING LifePay Plus Base will not thereafter be reset , and the Maximum Annual Withdrawal will also not be recalculated; no further resets will be available.

Investment Option Restrictions. While this rider is in effect, there are limits on the portfolios to which your Contract value may be allocated. Contract value allocated to portfolios other than Accepted Funds will be rebalanced so as to maintain at least a specified percentage of such Contract value in the Fixed Allocation Funds, which percentage depends on the rider’s purchase date:

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Rider Purchase Date	Fixed Allocation Fund Percentage
Currently	30%
Before February 2, 2009	20%

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See “Fixed Allocation Funds Automatic Rebalancing,” below for more information. We have these investment option restrictions to lessen the likelihood we would have to make payments under this rider. We require this allocation regardless of your investment instructions to the Contract. The rider will not be issued until your Contract value is allocated in accordance with these investment option restrictions. The timing of when and how we apply these restrictions is discussed further below.

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	Accepted Funds. Currently, the Accepted Funds are:

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BlackRock Global Allocation V.I. Fund	ING Liquid Assets Portfolio
ING American Funds Asset Allocation Portfolio	ING MFS Total Return Portfolio
ING American Funds World Allocation Portfolio	ING Oppenheimer Active Allocation Portfolio
ING LifeStyle Conservative Portfolio	ING Russell Global Large Cap Index 75% Portfolio
ING LifeStyle Growth Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING LifeStyle Moderate Growth Portfolio	ING Van Kampen Equity and Income Portfolio
ING LifeStyle Moderate Portfolio	ING Van Kampen Global Tactical Asset Allocation
	Portfolio

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If this rider was purchased before February 2, 2009, the following are additional Accepted Funds:

ING Franklin Templeton Founding Strategy Portfolio

ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio

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No rebalancing is necessary when Contract value is allocated entirely to Accepted Funds. We may change these designations at any time upon 30 days notice to you. If a change is made, the change will apply to Contract value allocated to such portfolios after the date of the change.

Fixed Allocation Funds. Currently, the Fixed Allocation Funds are:

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ING American Funds Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING BlackRock Inflation Protected Bond Portfolio	ING U.S. Bond Index Portfolio
ING Intermediate Bond Portfolio

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You may allocate your contract value to one or more of the Fixed Allocation Funds. We consider the ING

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Intermediate Bond Portfolio to be the default Fixed Allocation Fund with Fixed Allocation Funds Automatic Rebalancing.

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Other Funds. All portfolios available under the Contract other than Accepted Funds or the Fixed Allocation Funds are considered Other Funds.

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Fixed Allocation Funds Automatic Rebalancing. If the Contract value in the Fixed Allocation Funds is less than the specified percentage of the total Contract value allocated to both the Fixed Allocation Funds and Other Funds on any ING LifePay Plus Rebalancing Date, we will automatically rebalance the Contract value allocated to the Fixed Allocation Funds and Other Funds so that the specified percentage of this amount is allocated to the Fixed Allocation Funds. The specified percentage depends on the rider’s purchase date. Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction processed on that date. The ING LifePay Plus Rebalancing Dates occur on each Contract anniversary and after the following transactions:

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1)	receipt of additional premiums;
2)	transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or specifically directed by you; and
3)	withdrawals from the Fixed Allocation Funds or Other Funds.

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the Contract. However, if the other automatic rebalancing under the Contract causes the allocations to be out of compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed Allocation Funds Automatic Rebalancing has occurred, along with your new allocations, by a confirmation statement that will be mailed to you after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING LifePay Plus rider, you are providing the Company with direction and authorization to process these transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the ING LifePay Plus rider if you do not wish to have your Contract value reallocated in this manner.

Death of Owner or Annuitant. The ING LifePay Plus rider and charges will terminate on the date of death of the owner (or in the case of joint owners, the first owner), or the annuitant if there is a non-natural owner.

Continuation After Death – Spouse. If the surviving spouse of the deceased owner continues the Contract (see “Death Benefit Choices – Continuation After Death – Spouse”), the rider will also continue on the next quarterly contract anniversary, provided the spouse becomes the annuitant and sole owner.

If the rider is in the Growth Phase at the time of spousal continuation:

1)	The rider will continue in the Growth Phase;
2)	On the date the rider is continued, the ING LifePay Plus Base will be reset to equal the greater of the ING LifePay Plus Base and the then current Contract value;
3)	The ING LifePay Plus charges will restart and be the same as were in effect prior to the claim date;
4)	Ratchets, which stop on the claim date, are restarted, effective on the date the rider is continued;

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5)	Any remaining step-ups will be available, and if the rider is continued before an annual contract anniversary when a step-up would have been available, then that step-up will be available;
6)	The Maximum Annual Withdrawal percentage will be determined as of the date of the first withdrawal, whenever it occurs, and will be based on the spouse’s age on that date; and
7)	The rider’s Standard Withdrawal Benefit will be available until the quarterly contract anniversary on or after the spouse is age 59½.

If the rider is in the Withdrawal Phase at the time of spousal continuation:

1)	The rider will continue in the Withdrawal Phase.
2)	The rider’s charges will restart on the date the rider is continued and be the same as were in effect prior
	to	the claim date.
3)	On the quarterly Contract anniversary that the date the rider is continued:
	(a)	If the surviving spouse was not the annuitant before the owner’s death, then the ING LifePay Plus Base will be reset to the current Contract value and the Maximum Annual Withdrawal is recalculated by multiplying the new ING LifePay Plus Base by the Maximum Annual Withdrawal percentage based on the surviving spouse’s age on that date. Withdrawals are permitted pursuant to the other provisions of the rider. Withdrawals causing the Contract value to fall to zero will terminate the Contract and the rider.
	(b)	If the surviving spouse was the annuitant before the owner’s death, then the ING LifePay Plus Base will be reset to the current Contract value, only if greater, and the Maximum Annual Withdrawal is recalculated by multiplying the new ING LifePay Plus Base by the Maximum Annual Withdrawal percentage based on the surviving spouse’s age on that date. Withdrawals are permitted pursuant to the other provisions of the rider.
4)	The rider charges will restart on the quarter Contract anniversary that the rider is continued and will be
	the	same as were in effect prior to the claim date.

Effect of ING LifePay Plus Rider on Death Benefit. If you die before Lifetime Automatic Periodic Benefit Status begins under the ING LifePay Plus rider, the death benefit is payable, but the rider terminates. However, if the beneficiary is the owner’s spouse, and the spouse elects to continue the Contract, the death benefit is not payable until the spouse’s death. Thus, you should not purchase this rider with multiple owners, unless the owners are spouses. See “Death of Owner or Annuitant” and “Continuation After Death –Spouse,” above for further information.

While in Lifetime Automatic Periodic Benefit Status, if the owner who is not the annuitant dies, we will continue to pay the periodic payments that the owner was receiving under the ING LifePay Plus rider to the beneficiary. While in Lifetime Automatic Periodic Benefit Status, if an owner who is also the annuitant dies, the periodic payments will stop. No other death benefit is payable.

While the rider is in Automatic Periodic Benefit Status, if the owner dies, the remaining ING LifePay Plus Base will be paid to the beneficiary in a lump sum.

Change of Owner or Annuitant. Other than as provided above under “Continuation After Death- Spouse,” you may not change the annuitant. The rider and rider charges will terminate upon change of owner, including adding an additional owner, except for the following ownership changes:

1) spousal continuation as described above;

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2)	change of owner from one custodian to another custodian;
3)	change of owner from a custodian for the benefit of an individual to the same individual;
4)	change of owner from an individual to a custodian for the benefit of the same individual;
5)	collateral assignments;
6)	change in trust as owner where the individual owner and the grantor of the trust are the same individual;
7)	change of owner from an individual to a trust where the individual owner and the grantor of the trust are the same individual; and
8)	change of owner from a trust to an individual where the individual owner and the grantor of the trust are the same individual.

Surrender Charges. If you elect the ING LifePay Plus rider, your withdrawals will be subject to surrender charges if they exceed the free withdrawal amount, so long as there is contract value from which to take your withdrawals. However, once your Contract value is zero, any periodic payments under the ING LifePay Plus rider would not be subject to surrender charges. Moreover, with no contract value, none of your contract level recurring charges (e.g., the Mortality and Expense Risk Charge) would be deducted. See Appendix F for examples.

Loans. No loans are permitted on Contracts with the ING LifePay Plus rider.

Taxation. For more information about the tax treatment of amounts paid to you under the ING LifePay Plus Rider, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death Benefit.”

ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay Plus”) Rider. The ING Joint LifePay Plus rider generally provides, subject to the restrictions and limitations below, that we will guarantee a minimum level of annual withdrawals from the Contract for the lifetime of both you and your spouse, even if these withdrawals deplete your contract value to zero. You may wish to purchase this rider if you are married and are concerned that you and your spouse may outlive your income.

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Important Note: The Below information pertains to the ING Joint LifePay Plus rider available for sale since January 28, 2008. Please see Appendix H if you purchased ING Joint LifePay, the prior form of this rider.

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Purchase. Beginning on and after January 28, 2008, you may elect to purchase the ING Joint LifePay Plus rider. The ING Joint LifePay Plus rider is only available for purchase by individuals who are married at the time of purchase and eligible to elect spousal continuation (as defined by the Tax Code) when the death benefit becomes payable. We refer to these individuals as spouses. Certain ownership, annuitant, and beneficiary designations are required in order to purchase the ING Joint LifePay Plus rider. See “Ownership, Annuitant, and Beneficiary Requirements,” below. The maximum issue age is 80. Both spouses must meet these issue age requirements on the contract anniversary on which the ING Joint LifePay Plus rider is effective. The issue age is the age of the owners on the Contract anniversary on which the rider is effective. The ING Joint LifePay Plus rider is subject to broker/dealer availability. The ING Joint LifePay Plus rider will not be issued until your contract value is allocated in accordance with the investment option restrictions described in “Investment Option Restrictions,” below. Please note that with the ING Joint LifePay Plus rider, you cannot allocate contract value to a Fixed Interest Division at any time.

Contracts issued on and after November 1, 2004 are eligible for the ING Joint LifePay Plus rider, subject to the conditions, requirements and limitations of the prior paragraph. Such Contracts must not already have a living benefit rider. Or if your Contract meets the above eligibility date and has the ING Joint LifePay rider, you may upgrade to the ING Joint LifePay Plus rider for a limited time. There is an election form for this purpose. Please contact our Customer Service Center for more information.

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Ownership, Annuitant, and Beneficiary Designation Requirements. Certain ownership, annuitant, and beneficiary designations are required in order to purchase the ING Joint LifePay Plus rider. These designations depend upon whether the contract is issued as a nonqualified contract, an IRA or a custodial IRA. In all cases, the ownership, annuitant, and beneficiary designations must allow for the surviving spouse to continue the contract when the death benefit becomes payable, as provided by the Tax Code. Non-natural, custodial owners are only allowed with IRAs (“custodial IRAs”). Joint annuitants are not allowed. The necessary ownership, annuitant and/or beneficiary designations are described below. Applications that do not meet the requirements below will be rejected. We reserve the right to verify the date of birth and social security number of both spouses.

Nonqualified Contracts. For a jointly owned contract, the owners must be spouses, and the annuitant must be one of the owners. For a contract with only one owner, the owner’s spouse must be the sole primary beneficiary, and the annuitant must be one of the spouses.

IRAs. There may only be one owner, who must also be the annuitant. The owner’s spouse must be the sole primary beneficiary.

Custodial IRAs. While we do not maintain individual owner and beneficiary designations for IRAs held by an outside custodian, the ownership and beneficiary designations with the custodian must comply with the requirements listed in “IRAs” above. The annuitant must be the same as the beneficial owner of the custodial IRA. We require the custodian to provide us the name and date of birth of both the owner and the owner’s spouse.

Rider Date. The ING Joint LifePay Plus rider date is the date the ING Joint LifePay Plus rider becomes effective. If you purchase the ING Joint LifePay Plus rider when the contract is issued, the ING Joint LifePay Plus rider date is also the contract date. If the rider is added after contract issue, the rider effective date will be the date of the Contract’s next following quarterly contract anniversary.

No Cancellation. Once you purchase the ING Joint LifePay Plus rider, you may not cancel it unless you: a) cancel the contract during the contract’s free look period; b) surrender the Contract; c) start receiving annuity payments; or d) otherwise terminate the Contract pursuant to its terms. These events automatically cancel the ING Joint LifePay Plus rider.

Termination. The ING Joint LifePay Plus rider is a “living benefit,” which means the guaranteed benefits offered are intended to be available to you and your spouse while you are living and while your contract is in the accumulation phase. The optional rider automatically terminates if you:

1)	terminate your contract pursuant to its terms during the accumulation phase, surrender your Contract, or begin receiving income phase payments in lieu of payments under the ING Joint LifePay Plus rider;
2)	die during the accumulation phase (first owner to die in the case of joint owners, or death of annuitant if the contract is a custodial IRA), unless your spouse elects to continue the contract (and your spouse is active for purposes of the ING Joint LifePay Plus rider); or
3)	change the owner of the contract (other than a spousal continuation by an active spouse).

See “Change of Owner or Annuitant,” below. Other circumstances that may cause the ING Joint LifePay Plus rider to terminate automatically are discussed below.

Active Status. Once the ING Joint LifePay Plus rider has been issued, a spouse must remain in “active” status in order to exercise rights and receive the benefits of the ING Joint LifePay Plus rider after the first spouse’s death by electing spousal continuation. In general, changes to the ownership, annuitant, and/or beneficiary designation requirements noted above will result in one spouse being designated as “inactive.” Inactive spouses are not eligible to continue the benefits of the ING Joint LifePay Plus rider after the death of the other spouse. Once designated “inactive,” a spouse may not regain active status under the ING Joint LifePay Plus rider. Specific situations that will result in a spouse’s designation as “inactive” include the following:

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1)	For nonqualified contracts where the spouses are joint owners, the removal of a joint owner (if that spouse does not automatically become sole primary beneficiary pursuant to the terms of the contract), or the change of one joint owner to a person other than an active spouse.
2)	For nonqualified contracts where one spouse is the owner and the other spouse is the sole primary beneficiary, as well as for IRA contracts (including custodial IRAs), the addition of a joint owner who is not also an active spouse or any change of beneficiary (including the addition of primary beneficiaries).
3)	In the event of the death of one spouse (in which case the deceased spouse becomes inactive).

An owner may also request that one spouse be treated as inactive. In the case of joint-owned contracts, both contract owners must agree to such a request. An inactive spouse is not eligible to exercise any rights or receive any benefits under the ING Joint LifePay Plus rider. However, all charges for the ING Joint LifePay Plus rider will continue to apply, even if one spouse becomes inactive, regardless of the reason. You should make sure you understand the impact of beneficiary and owner changes on the ING Joint LifePay Plus rider prior to requesting any such changes.

A divorce will terminate the ability of an ex-spouse to continue the contract. See “Divorce,” below.

How the ING Joint LifePay Plus Rider Works. The ING Joint LifePay Plus rider has both phases and statuses. Through the lifetime of the ING Joint LifePay Plus rider, you will be in one of two phases: the Growth Phase or the Withdrawal Phase. As detailed below, the Growth Phase begins on the effective date of the rider and ends as of the business day before you take your first withdrawal, or on your Contract’s annuity start date. See “The Income Phase – Restrictions on Start Dates and the Duration of Payments.” During the Growth Phase, no benefits under the ING Joint LifePay Plus rider are being paid out; rather, during the Growth Phase, premiums and investment growth under your contract continue to accumulate. The Withdrawal Phase follows the Growth Phase and begins once you take your first withdrawal or annuity payment, whichever occurs first. During the Withdrawal Phase, you may withdraw guaranteed amounts from your Contract, subject to the terms and conditions noted in this section.

During the Withdrawal Phase, this rider has four different statuses that come in a pair to fulfill your withdrawal guarantee: Guaranteed Withdrawal Status and Automatic Periodic Benefit Status; and Lifetime Guaranteed Withdrawal Status and Lifetime Automatic Periodic Benefit Status. Together, these status pairs operate to fulfill the rider’s withdrawal guarantee and depend on how old the youngest active spouse is when you take your first withdrawal.

Guaranteed Withdrawal Status begins on the date of the first withdrawal, ONLY IF the quarterly contract anniversary following the youngest active spouse’s 65^thbirthday has not yet passed, and continues until certain circumstances occur as noted in “Guaranteed Withdrawal Status” below. Thereafter, Automatic Periodic Benefit Status would begin ONLY IF your contract value is depleted to zero for reasons other than withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING Joint LifePay Plus rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal until the ING Joint LifePay Plus Base is exhausted. Alternatively, in the event your contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then Automatic Periodic Benefit Status would not begin. Rather, the Contract and the ING Joint LifePay Plus rider will terminate without value. While the Withdrawal Phase of your rider may begin in Guaranteed Withdrawal Status, your rider may not enter Automatic Periodic Benefit Status.

Lifetime Guaranteed Withdrawal Status begins on the date of the first withdrawal, provided the quarterly contract anniversary following the youngest active spouse’s 65^thbirthday has passed, and continues until certain circumstances occur as noted in the “Lifetime Guaranteed Withdrawal Status” below. Thereafter, Lifetime Automatic Periodic Benefit Status would begin ONLY IF you contract value is depleted to zero for reasons other than withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING Joint

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LifePay Plus rider, you will begin to receive periodic payments in an amount equal to the Maximum Annual Withdrawal. Alternatively, in the event your contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then Lifetime Automatic Periodic Benefit Status would not begin. Rather, the Contract and the ING Joint LifePay Plus rider will terminate without value.

Benefits paid under the ING Joint LifePay Plus rider require the calculation of the Maximum Annual Withdrawal. The ING Joint LifePay Plus Base (referred to as the “MGWB Base” in the contract) is used to determine the Maximum Annual Withdrawal and is calculated as follows:

1)	If you purchased the ING Joint LifePay Plus rider on the contract date, the initial ING Joint LifePay Plus Base is equal to the initial premium (excluding any premium credit available with your Contract).
2)	If you purchased the ING Joint LifePay Plus rider after the contract date, the initial ING Joint LifePay Plus Base is equal to the contract value on the effective date of the ING Joint LifePay Plus rider (excluding any premium credits applied during the preceding 36 months).

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During the Growth Phase, the ING Joint LifePay Plus Base is increased dollar-for-dollar by any premiums received, excluding any applicable premium credits (“eligible premiums”). In addition, on each contract anniversary, the ING Joint LifePay Plus Base is recalculated as the greater of:

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The current ING Joint LifePay Plus Base; or
The current Contract value (excluding any premium credits applied during the 36 months preceding the calculation). This is referred to as the annual “ratchet.”

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If this rider was purchased before February 2, 2009, the ING Joint LifePay Plus Base is recalculated on each quarterly contract anniversary (once each quarter of a contract year from the contract date). This is referred to as a quarterly “ratchet.”

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Also, on each of the first five contract anniversaries ONLY after the youngest active spouse reaches age 65, the ING Joint LifePay Plus Base is recalculated as the greatest of:

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The current ING Joint LifePay Plus Base; or
The current Contract value (excluding any premium credits applied during the 36 months preceding the calculation); and
The ING Joint LifePay Plus Base on the previous contract anniversary, increased by 6%, plus any eligible premiums and minus any third-party investment advisory fees paid from your contract during the year.
This is referred to as an annual “step-up.” (Any premium credits applied are excluded from the eligible premiums with a step-up.) If this rider was purchased before February 2, 2009, the annual step-up is 7%.

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Please note that there are no partial step-ups. Step-ups are not pro-rated. So for existing Contracts to which this rider is added (a post Contract issuance election), the first opportunity for a step-up will not be until the first contract anniversary after a full contract year has elapsed since the rider date, SO LONG AS the youngest active spouse is at least age 65.

Say for example that with a Contract purchased on January 1, 2007, the contract owner decides to add Joint LifePay Plus on March 15, 2007. The rider effective date is April 1, 2007, which is the date of the Contract’s next following quarterly contract anniversary. Because on January 1, 2008 a full contract year will not have elapsed since the rider effective date, the ING Joint LifePay Plus Base will not be eligible for a step-up. Rather, the first opportunity for a step-up with this Contract is on January 1, 2009, assuming the youngest active spouse is age 65.

This rider has no cash value. You cannot surrender the Contract for the ING Joint LifePay Plus Base. The ING Joint LifePay Plus Base is not available to annuitize.

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Currently, any additional premiums paid during the Withdrawal Phase are eligible premiums for purposes of determining the ING Joint LifePay Plus Base and the Maximum Annual Withdrawal. If this rider was purchased before February 2, 2009, any additional premiums paid during the Withdrawal Phase are not eligible premiums, but

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do increase the contract value used to determine the reset Maximum Annual Withdrawal under the benefit reset feature of the ING Joint LifePay Plus rider (see “ING Joint LifePay Plus Reset,” below). We reserve the right to discontinue allowing premium payments during the Withdrawal Phase.

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Guaranteed Withdrawal Status. This status begins on the date of the first withdrawal, ONLY IF the quarterly contract anniversary has not passed on which or after the youngest active spouse is age 65. While the ING Joint LifePay Plus rider is in Guaranteed Withdrawal Status, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the ING Joint LifePay Plus Base dollar-for-dollar. Withdrawals while the ING Joint LifePay Plus rider is in Guaranteed Withdrawal Status are not guaranteed for the lifetime of the annuitant. This status will then continue until the earliest of:

1)	quarterly contract anniversary following the youngest active spouse’s 65^thbirthday, provided the contract owner does not decline the change to Lifetime Guaranteed Withdrawal Status;
2)	reduction of the ING Joint LifePay Plus Base to zero, at which time the rider will terminate;
3)	the date annuity payments begin (see “The Income Phase”);
4)	reduction of the Contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal;
5)	reduction of the Contract value to zero by a withdrawal less than or equal to the Maximum Annual Withdrawal (see “Automatic Periodic Benefit Status,” below);
6)	the surrender of the Contract;
7)	the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural owner), unless your spouse beneficiary elects to continue the Contract; or
8)	automatic reset into the Lifetime Guaranteed Withdrawal Status.

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Please note with the automatic reset into the Lifetime Guaranteed Withdrawal Status, it is possible that the Maximum Annual Withdrawal, as recalculated, will be less due to your withdrawals (and reduction of the ING Joint LifePay Plus Base as a result) while the rider was in Guaranteed Withdrawal Status. See Appendix F, Illustration 6, for an example. Also please note, however, that by declining automatic reset into the Lifetime Guaranteed Withdrawal Status, your ING Joint LifePay Plus will not thereafter be automatically reset – to the then current contract value (excluding any premium credits applied during the 36 months preceding the calculation) if the contract value is higher – as it could be while the rider is in Lifetime Guaranteed Withdrawal Status. No further resets will be available. For more information, please see “ING Joint LifePay Plus Reset” below.

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If you decline the automatic reset, your rider will continue in the Guaranteed Withdrawal Status. There will not be another opportunity to automatically reset into the Lifetime Guaranteed Withdrawal Status. Thereafter, in the event contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor market performance, your rider’s status will change to Automatic Periodic Benefit Status. In Automatic Periodic Benefit Status, other than the payments as provided under the ING Joint LifePay Plus rider, the Contract will provide no further benefits (including death benefits). In the event contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will terminate without value. For more information about the effect of a withdrawal reducing the contract value to zero, please see “Automatic Periodic Benefit Status,” below.

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Please see below for more information about each of this rider’s four different statuses.

Lifetime Guaranteed Withdrawal Status. This status begins on the date of the first withdrawal, SO LONG AS the quarterly contract anniversary has passed on which or after the youngest active spouse is age 65. Or for Contracts in Guaranteed Withdrawal Status, the Lifetime Guaranteed Withdrawal Status begins upon automatic reset. This status continues until the earliest of:

1)	the date annuity payments begin (see “The Income Phase”);
2)	reduction of the contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal;
3)	reduction of the contract value to zero by a withdrawal less than or equal to the Maximum Annual Withdrawal (see “Lifetime Automatic Periodic Benefit Status,” below);
4)	the surrender of the contract; or
5)	the death of the owner (first owner, in the case of joint owners; annuitant, in the case of a non-natural owner), unless your active spouse beneficiary elects to continue the contract.

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor market performance. In Lifetime Automatic Periodic Benefit Status, other than the payments as provided under the ING Joint LifePay Plus rider, the Contract will provide no further benefits (including death benefits). Otherwise, if contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will terminate without value. For more information about the effect of a withdrawal reducing the Contract value to zero, please see “Lifetime Automatic Periodic Benefit Status” below. As described below, certain features of the ING Joint LifePay Plus rider may differ depending on whether you are in the Lifetime Guaranteed Withdrawal Status.

Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is determined on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the contract value and 2) the ING Joint LifePay Plus Base as of the last day of the Growth Phase. The first withdrawal after the effective date of the ING Joint LifePay Plus rider (which causes the end of the Growth Phase) is treated as occurring on the first day of the Withdrawal Phase, immediately after calculation of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal percentage, which varies by age of the youngest active spouse on the date the Withdrawal Phase begins, is as follows:

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Youngest Active	Maximum Annual
Spouse’s Age	Withdrawal Percentage
0-64*	4%*
65-75	5%
76-80	6%
81+	7%

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*If the Withdrawal Phase begins before the quarterly contract anniversary on or after the younger spouse reaches age 65, withdrawals in a contract year up to 4% will reduce the ING Joint LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then, on the quarterly contract anniversary on or after the younger spouse reaches age 65, the ING Joint LifePay Plus Base will automatically be reset to the current Contract value (excluding any premium credits applied during the preceding 36 months), if greater, and the Maximum Annual Withdrawal will be recalculated.

If this rider was purchased before February 2, 2009, the Maximum Annual Withdrawal Percentages are:

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Youngest Active	Maximum Annual
Spouse’s Age	Withdrawal Percentage
0-75*	5%*
76-80	6%
81+	7%

*If the Withdrawal Phase begins before the quarterly contract anniversary on or after the younger spouse reaches age 65, withdrawals in a contract year up to the Maximum Annual Withdrawal will reduce the ING Joint LifePay Plus Base dollar-for-dollar, under what we refer to as the “Standard Withdrawal Benefit.” Then, on the quarterly contract anniversary on or after the younger spouse reaches age 65, the ING Joint LifePay Plus Base will automatically be reset to the current Contract value (excluding any premium credits applied during the preceding 36 months), if greater, and the Maximum Annual Withdrawal will be recalculated.

Once determined the Maximum Annual Withdrawal percentage never changes for the contract. This is important to keep in mind in deciding when to take your first withdrawal because the younger you are at that time, the lower the Maximum Annual Withdrawal percentage.

If the Contract’s annuity commencement date is reached while you are in the ING Joint LifePay Plus rider’s Lifetime Guaranteed Withdrawal Status, then you may elect a life only annuity option, in lieu of the Contract’s other annuity options, under which we will pay the greater of the annuity payout under the Contract and equal annual payments of the Maximum Annual Withdrawal, provided that, if both spouses are active, payments under the life only annuity option will be calculated using the joint life expectancy table for both spouses. If only one spouse is active, payments will be calculated using the single life expectancy table for the active spouse.

Whether the Maximum Annual Withdrawal is subject to change depends on the extent of your withdrawals. The amount of your withdrawal or withdrawals in a contract year that, when added together, do not exceed the Maximum Withdrawal Amount do not reduce the Maximum Withdrawal Amount. However, if the total amount of your withdrawals in any contract year exceeds the Maximum Annual Withdrawal, then the Maximum Annual Withdrawal will be reduced in the same proportion as the contract value is reduced by the excess withdrawal.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a contract year exceed the Maximum Annual Withdrawal and the amount of your present request for a withdrawal. The amount of any applicable premium credit deduction (recapture) or surrender charges are not included in determining whether the total amount of your withdrawals in a contract year exceeds the Maximum Annual Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum Annual Withdrawal is to be subject to a pro-rata reduction because of an excess withdrawal, the amount by which the Maximum Annual Withdrawal will be reduced will include any premium credit deduction and surrender charges. See Appendix FI, Illustrations 1 and 2 for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the contract to satisfy the Required Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING Joint LifePay Plus rider, and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such withdrawal that exceeds the Maximum Annual Withdrawal for a specific contract year will not be deemed excess withdrawals in that contract year for purposes of the ING Joint LifePay Plus rider, subject to the following:

If the contract owner’s Required Minimum Distribution for a calendar year (determined on a date on or before January 31 of that year), applicable to the contract, is greater than the Maximum Annual Withdrawal on that date, an Additional Withdrawal Amount will be set equal to that portion of the Required Minimum Distribution that exceeds the Maximum Annual Withdrawal.

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2)	Once you have taken the Maximum Annual Withdrawal for the then current contract year, the dollar amount of any additional withdrawals will count first against and reduce any unused Additional Withdrawal Amount for the previous calendar year followed by any Additional Withdrawal Amount for the current contract year – without being deemed an excess withdrawal.
3)	In the event of any withdrawals that exceed the Maximum Annual Withdrawal and all available Additional Withdrawal Amounts, the dollar amount of these withdrawals will be deemed excess withdrawals that cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as described above.
4)	The Additional Withdrawal Amount is available on a calendar year basis and is recalculated every January, reset to equal that portion of the Required Minimum Distribution for that calendar year that exceeds the Maximum Annual Withdrawal on that date. Any unused amount of the Additional Withdrawal Amount carries over into the next calendar year and is available through the end of that year, at which time any remaining amount will expire.
5)	The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum Annual Withdrawal Amount. See “ING Joint LifePay Plus Reset Option” below. The Additional Withdrawal Amount is only subject to change when the Additional Withdrawal Amount is reset as described above.

See Appendix F, Illustrations 3 and 4.

Investment Advisory Fees. Withdrawals taken pursuant to a program established by the owner for the payment of investment advisory fees to a named third party investment adviser for advice on management of the contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such withdrawals reduce the ING Joint LifePay Plus Base on a dollar-for-dollar basis, and during the Withdrawal Phase, these withdrawals are treated as any other withdrawal.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal while the rider is in Guaranteed Withdrawal Status, the rider will enter Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING Joint LifePay Plus rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal, until the remaining ING Joint LifePay Plus Base is exhausted.

When the rider enters Automatic Periodic Benefit Status:

1)	the Contract will provide no further benefits (including death benefits) other than as provided under the ING Joint LifePay Plus rider;
2)	no further premium payments will be accepted; and
3)	any other riders attached to the Contract will terminate, unless otherwise specified in that rider.

During Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount that is equal to the Maximum Annual Withdrawal. These payments will continue until the ING Joint LifePay Plus Base is reduced to zero, at which time the rider will terminate without value.

If when the ING Joint LifePay Plus rider enters Automatic Periodic Benefit Status your net withdrawals to date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference immediately. The periodic payments will begin on the last day of the first full Contract year following the date the rider enters Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

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You may elect to receive systematic payments pursuant to the terms of the Contract. Under a systematic withdrawal, either a fixed amount or an amount based upon a percentage of contract value will be withdrawn from your Contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time the rider enters Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the Contract more frequently than annually, the periodic payments will be made at the same frequency in equal amounts such that the sum of the payments in each Contract year will equal the annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually or annually, the payments will be made at the end of the half-Contract year or Contract year, as applicable.

Lifetime Automatic Periodic Benefit Status. If the contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the contract and the ING Joint LifePay Plus rider will terminate without value due to the pro-rata reduction described in “Determination of the Maximum Annual Withdrawal,” above.

If the contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal while the ING Joint LifePay Plus rider is in Lifetime Guaranteed Withdrawal Status, the ING Joint LifePay Plus rider will enter Lifetime Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING Joint LifePay Plus rider you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal.

When the ING Joint LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status:

1)	the contract will provide no further benefits (including death benefits) other than as provided under the ING Joint LifePay Plus rider;
2)	no further premium payments will be accepted; and
3)	any other riders attached to the contract will terminate, unless otherwise specified in that rider.

During Lifetime Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount that is equal to the Maximum Annual Withdrawal. The time period for which we will make these payments will depend upon whether one or two spouses are active under the ING Joint LifePay Plus rider at the time this status begins. If both spouses are active under the ING Joint LifePay Plus rider, these payments will cease upon the death of the second spouse, at which time both the ING Joint LifePay Plus rider and the contract will terminate without further value. If only one spouse is active under the ING Joint LifePay Plus rider, the payments will cease upon the death of the active spouse, at which time both the ING Joint LifePay Plus rider and the contract will terminate without value.

If when the ING Joint LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status your net withdrawals to date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference immediately. The periodic payments will begin on the last day of the first full contract year following the date the rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

You may elect to receive systematic payments pursuant to the terms of the contract. Under a systematic withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time the ING Joint LifePay Plus rider enters Lifetime Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the contract more frequently than annually, the periodic payments will be made at the same frequency in equal amounts such that the sum of the payments in each contract year will equal the annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually or annually, the payments will be made at the end of the half-contract year or contract year, as applicable.

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ING Joint LifePay Plus Reset. Once the Lifetime Guaranteed Withdrawal Status begins and the Maximum Annual Withdrawal has been determined, on each contract anniversary we will increase (or “reset”) the ING Joint LifePay Plus Base to the current Contract value (excluding any premium credits applied during the 36 months preceding the calculation), if the Contract value is higher. The Maximum Annual Withdrawal will also be recalculated, and the remaining portion of the new Maximum Annual Withdrawal will be available for withdrawal immediately. This reset ONLY occurs when the rider is in Lifetime Guaranteed Withdrawal Status, and is automatic.

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If this rider was purchased before February 2, 2009, the ING Joint LifePay Plus Base and Maximum Annual Withdrawal is reset on each quarterly contract anniversary.

We reserve the right to change the charge for this rider with a reset. In this event, you will receive prior notice, of not less than 30 days, which explains the change, its impact to you and your options. You may decline this change (and the reset). Please note, however, that by declining a reset, your ING Joint LifePay Plus Base will not thereafter be reset , and the Maximum Annual Withdrawal will also not be recalculated; no further resets will be available.

Investment Option Restrictions. While ~~Plus~~this rider is in effect, there are limits on the portfolios to which your contract value may be allocated. Contract value allocated to portfolios other than Accepted Funds will be rebalanced so as to maintain at least a specified percentage of such contract value in the Fixed Allocation Funds, which percentage depends on the rider’s purchase date:.

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Rider Purchase Date	Fixed Allocation Fund Percentage
Currently	30%
Before February 2, 2009	20%

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See “Fixed Allocation Funds Automatic Rebalancing,” below. We have these investment option restrictions to lessen the likelihood we would have to make payments under this rider. We require this allocation regardless of your investment instructions to the Contract. The rider will not be issued until your Contract value is allocated in accordance with these investment option restrictions. The timing of when and how we apply these restrictions is discussed further below.

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Accepted Funds. Currently, the Accepted Funds are:

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BlackRock Global Allocation V.I. Fund ING Liquid Assets Portfolio

ING American Funds Asset Allocation Portfolio ING MFS Total Return Portfolio

ING American Funds World Allocation Portfolio ING Oppenheimer Active Allocation Portfolio

ING LifeStyle Conservative Portfolio ING Russell Global Large Cap Index 75% Portfolio

ING LifeStyle Growth Portfolio ING T. Rowe Price Capital Appreciation Portfolio

ING LifeStyle Moderate Growth Portfolio ING Van Kampen Equity and Income Portfolio

ING LifeStyle Moderate Portfolio ING Van Kampen Global Tactical Asset Allocation

Portfolio

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If this rider was purchased before February 2, 2009, the following are additional Accepted Funds:

ING Franklin Templeton Founding Strategy Portfolio

ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio

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Fixed Allocation Funds. Currently, the Fixed Allocation Funds are:

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ING American Funds Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING BlackRock Inflation Protected Bond Portfolio	ING U.S. Bond Index Portfolio
ING Intermediate Bond Portfolio

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Other Funds. All portfolios available under the contract other than Accepted Funds or the Fixed Allocation Funds are considered Other Funds.

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Fixed Allocation Funds Automatic Rebalancing. If the contract value in the Fixed Allocation Funds is less than the specified percentage of the total contract value allocated to both the Fixed Allocation Funds and Other Funds on any ING Joint LifePay Plus Rebalancing Date, we will automatically rebalance the contract value allocated to the Fixed Allocation Funds and Other Funds so that the specified percentage of this amount is allocated to the Fixed Allocation Funds. The specified percentage depends on the rider’s purchase date. Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction processed on that date. The ING Joint LifePay Plus Rebalancing Dates occur on each contract anniversary and after the following transactions:

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1)	receipt of additional premiums;
2)	transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or specifically directed by you; and
3)	withdrawals from the Fixed Allocation Funds or Other Funds.

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the contract. However, if the other automatic rebalancing under the contract causes the allocations to be out of compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed Allocation Funds Automatic Rebalancing has occurred, along with your new allocations, by a confirmation statement that will be mailed to you after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING Joint LifePay Plus rider, you are providing the Company with direction and authorization to process these transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the ING Joint LifePay Plus rider if you do not wish to have your contract value reallocated in this manner.

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Divorce. Generally, in the event of a divorce, the spouse who retains ownership of the contract will continue to be entitled to all rights and benefits of the ING Joint LifePay Plus rider, while the ex-spouse will no longer have any such rights or be entitled to any such benefits. In the event of a divorce during Lifetime Guaranteed Withdrawal Status, the ING Joint LifePay Plus rider continues, and terminates upon the death of the owner (first owner in the case of joint owners, or the annuitant in the case of a custodial IRA). Although spousal continuation may be available under the Tax Code for a subsequent spouse, the ING Joint LifePay Plus rider cannot be continued by the new spouse. As the result of the divorce, we may be required to withdraw assets for the benefit of an ex-spouse. Any such withdrawal will be considered a withdrawal for purposes of the Maximum Annual Withdrawal amount. In other words, if a withdrawal incident to a divorce exceeds the Maximum Annual Withdrawal amount, it will be considered an excess withdrawal. See “Determination of the Maximum Annual Withdrawal,” above. As noted, in the event of a divorce there is no change to the Maximum Annual Withdrawal and we will continue to deduct charges for the ING Joint LifePay Plus rider.

In the event of a divorce during Lifetime Automatic Periodic Benefit Status, there will be no change to the periodic payments made. Payments will continue until both spouses are deceased.

Death of Owner. The death of the owner (or in the case of joint owners, the first owner, or for custodial IRAs, the annuitant) may cause the termination of the ING Joint LifePay Plus rider and its charges, depending upon whether one or both spouses are in active status at the time of death, as described below.

1)	If both spouses are in active status: If the surviving spouse elects to continue the contract and becomes the sole owner and annuitant, the ING Joint LifePay Plus rider will remain in effect pursuant to its original terms and ING Joint LifePay Plus coverage and charges will continue. As of the date the contract is continued, the ING Joint LifePay Plus Base will be reset to the current Contract value, if greater, and the Maximum Annual Withdrawal will be recalculated as the Maximum Annual Withdrawal percentage multiplied by the new ING Joint LifePay Plus Base on the date the contract is continued. However, under no circumstances will this recalculation result in a reduction to the Maximum Annual Withdrawal.
	If the surviving spouse elects not to continue the contract, ING Joint LifePay Plus rider coverage and charges will cease upon the earlier of payment of the death benefit or notice that an alternative distribution option has been chosen.
2)	If the surviving spouse is in inactive status: The ING Joint LifePay Plus rider terminates and ING Joint LifePay Plus coverage and charges cease upon the date of death of the last Active Spouse.

Change of Owner or Annuitant. Other than as a result of spousal continuation, you may not change the annuitant. The ING Joint LifePay Plus rider and rider charges will terminate upon change of owner, including adding an additional owner, except for the following ownership changes:

1)	spousal continuation by an active spouse, as described above;
2)	change of owner from one custodian to another custodian for the benefit of the same individual;
3)	change of owner from a custodian for the benefit of an individual to the same individual (in order to avoid the owner’s spouse from being designated inactive, the owner’s spouse must be named sole beneficiary under the contract);
4)	change of owner from an individual to a custodian for the benefit of the same individual;
5)	collateral assignments;
6)	for nonqualified contracts only, the addition of a joint owner, provided that the additional joint owner is the original owner’s spouse and is active when added as joint owner;

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7)	for nonqualified contracts, removal of a joint owner, provided the removed joint owner is active and becomes the primary contract beneficiary; and
8)	change of owner where the owner becomes the sole primary beneficiary and the sole primary beneficiary becomes the owner if both were active spouses at the time of the change.

Surrender Charges. If you elect the ING Joint LifePay Plus rider, the amount of your withdrawals will be subject to surrender charges if they exceed the free withdrawal amount, so long as there is contract value from which to take your withdrawals. However, once your contract value is zero, any periodic payments under the ING Joint LifePay Plus rider would not be subject to surrender charges. Moreover, with no contract value, none of your contract level recurring charges (e.g., the Mortality and Expense Risk Charge) would be deducted. See Appendix F for examples.

Loans. No loans are permitted on Contracts with the ING Joint LifePay Plus rider.

Federal Tax Considerations. For more information about the tax treatment of amounts paid to you under the ING Joint LifePay Plus rider, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death Benefit

WITHDRAWALS

Any time during the accumulation phase and before the death of the contract owner, except under certain qualified contracts, you may withdraw all or part of your money. Keep in mind that if you request a withdrawal for more than 90% of the cash surrender value, and the remaining cash surrender value after the withdrawal is less than $2,500, we will treat it as a request to surrender the Contract. If any single withdrawal or the sum of withdrawals exceeds the Free Withdrawal Amount, you may incur a surrender charge. There is no surrender charge if, during each contract year, the amount withdrawn is 10% or less of your contract value on the date of the withdrawal, less prior withdrawals during that contract year. Under Option Package III, any unused percentage of the 10% Free Withdrawal Amount from a contract year will carry forward into successive contract years, based on the percentage remaining at the time of the last withdrawal in that contract year. In no event will the Free Withdrawal Amount at any time exceed 30% of contract value. Please see Appendix D, Surrender Charge for Excess Withdrawals Example.

You need to submit to us a written request specifying the Fixed Interest Allocations or subaccounts from which amounts are to be withdrawn, otherwise the withdrawal will be made on a pro-rata basis from all of the subaccounts in which you are invested. If there is not enough contract value in the subaccounts, we will deduct the balance of the withdrawal from your Fixed Interest Allocations starting with the guaranteed interest periods nearest their maturity dates until we have honored your request. We will determine the contract value as of the close of business on the day we receive your withdrawal request at our Customer Service Center. The contract value may be more or less than the premium payments made.

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Your withdrawals under the ING LifePay Plus or ING Joint LifePay Plus riders will be subject to surrender charges if they exceed the free withdrawal amount. However, once your contract value is zero, the periodic payments to which you may be entitled under these optional riders will not be subject to surrender charges.

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If any limitation on allocations to the Restricted Funds has been exceeded, subsequent withdrawals must be taken so that the percentage of contract value in the Restricted Funds following the withdrawal would not be greater than the percentage of contract value in the Restricted Funds prior to the withdrawal. So, in this event, you would either need to take your withdrawal from the Restricted Funds or pro-rata from all variable subaccounts.

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Please be aware that the benefit we pay under certain optional benefit riders may be reduced by any withdrawals you take while the optional rider is in effect. Withdrawals may be subject to taxation and tax penalties.

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Other than the surrender charge, there is no separate charge for electing any of the withdrawal options.

We offer the following three withdrawal options:

Regular Withdrawals

After the free look period, you may make regular withdrawals. Each withdrawal must be a minimum of $100.

Systematic Withdrawals

You may choose to receive automatic systematic withdrawal payments (1) from the contract value in the subaccounts in which you are invested, or (2) from the interest earned in your Fixed Interest Allocations. Systematic withdrawals may be taken monthly, quarterly or annually. If you have contract value allocated to one or more Restricted Funds, and you elect to receive systematic withdrawals from the subaccounts in which you are invested, the systematic withdrawals must be taken pro-rata from all subaccounts in which contract value is invested. If you do not have contract value allocated to a Restricted Fund and choose systematic withdrawals on a non pro-rata basis, we will monitor the withdrawals annually. If you subsequently allocate contract value to one or more Restricted Funds, we will require you to take your systematic withdrawals on a pro-rata basis from all subaccounts in which contract value is invested. There is no additional charge for this feature.

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You decide the date on which you would like your systematic withdrawals to start. This date must be at least 30 days after the Contract Date and no later than the 28^thday of the month. Subject to these rules, if you have not indicated the date, your systematic withdrawals will occur on the next business day after your Contract Date (or the monthly or quarterly anniversary thereof) for your desired frequency.

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Each systematic withdrawal amount must be a minimum of $100. The amount of your systematic withdrawal can either be (1) a fixed dollar amount, or (2) an amount based on a percentage of the contract value. Both forms of systematic withdrawals are subject to the following maximum, which is calculated on each withdrawal date:


	Maximum Percentage
Frequency	of Contract Value
Monthly	0.83%
Quarterly	2.50%
Annually	10.00%

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A fixed dollar systematic withdrawal of less than $100 on any withdrawal date will terminate your systematic withdrawal. If the amount to be withdrawn would exceed the applicable maximum percentage of your contract value on any withdrawal date, we will automatically reduce the amount withdrawn so that it equals such percentage. Thus, your fixed dollar systematic withdrawals will never exceed the maximum percentage. If you want fixed dollar systematic withdrawals to exceed the maximum percentage and are willing to incur associated surrender charges, consider the Fixed Dollar Systematic Withdrawal Feature which you may add to your regular systematic withdrawal program.

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If your systematic withdrawal is based on a percentage of contract value and the amount to be withdrawn based on that percentage would be less than $100, we will automatically increase the amount to $100 as long as it does not exceed the maximum percentage. If the systematic withdrawal would exceed the maximum percentage, we will send the amount, and then automatically cancel your systematic withdrawal option.

Systematic withdrawals from Fixed Interest Allocations are limited to interest earnings during the prior month, quarter, or year, depending on the frequency you chose. A Fixed Interest Allocation may not participate in both the systematic withdrawal option and the dollar cost averaging program at the same time.

You may change the amount or percentage of your systematic withdrawal once each contract year or cancel this option at any time by sending satisfactory notice to our Customer Service Center at least 7 days before the next

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scheduled withdrawal date. If you submit a subsequent premium payment after you have applied for systematic withdrawals, we will not adjust future withdrawals under the systematic withdrawal program unless you specifically request that we do so.

The systematic withdrawal option may commence in a contract year where a regular withdrawal has been taken but you may not change the amount or percentage of your withdrawals in any contract year during which you have previously taken a regular withdrawal. You may not elect the systematic withdrawal option if you are taking IRA withdrawals.

Subject to availability, a spousal or non-spousal beneficiary may elect to receive death benefits as payments over the beneficiary’s lifetime (“stretch”). “Stretch” payments will be subject to the same limitations as systematic withdrawals, and non-qualified “stretch” payments will be reported on the same basis as other systematic withdrawals.

Fixed Dollar Systematic Withdrawal Feature. You may add the Fixed Dollar Systematic Withdrawal Feature to your regular fixed dollar systematic withdrawal program. This feature allows you to receive a systematic withdrawal in a fixed dollar amount in addition to your systematic withdrawal program regardless of any surrender charges. Systematic withdrawals from Fixed Interest Allocations under the Fixed Dollar Systematic Withdrawal Feature are available only in connection with Section 72(q) or 72(t) distributions. You choose the amount of the fixed systematic withdrawals, which may total up to an annual maximum of 10% of your contract value as determined on the day we receive your election of this feature. The maximum limit will not be recalculated when you make additional premium payments, unless you instruct us to do so. We will assess a surrender charge on the withdrawal date if the withdrawal exceeds the maximum limit as calculated on the withdrawal date. We will apply the surrender charge directly to your contract value (rather than to the systematic withdrawal) so that the amount of each systematic withdrawal remains fixed.

Fixed dollar systematic withdrawals which are intended to satisfy the requirements of Section 72(q) or 72(t) of the Tax Code may exceed the maximum. Such withdrawals are subject to surrender charges when they exceed the applicable maximum percentage.

IRA Withdrawals

If you have a non-Roth IRA Contract and will be at least age 70½ during the current calendar year, you may elect to have distributions made to you to satisfy requirements imposed by federal tax law. IRA withdrawals provide payout of amounts required to be distributed by the Internal Revenue Service (“IRS”) rules governing mandatory distributions under qualified plans. We will send you a notice before your distributions commence. You may elect to take IRA withdrawals at that time, or at a later date. You may not elect IRA withdrawals and participate in systematic withdrawals at the same time. If you do not elect to take IRA withdrawals, and distributions are required by federal tax law, distributions adequate to satisfy the requirements imposed by federal tax law may be made. Thus, if you are participating in systematic withdrawals, distributions under that option must be adequate to satisfy the mandatory distribution rules imposed by federal tax law.

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You choose the frequency of your IRA withdrawals (monthly, quarterly or annually) and the start date. This date must be at least 30 days after he Contract Date and no later than the 28^thday of the month. Subject to these rules, if you have not indicated the date, your IRA withdrawals will occur on the next business day after your Contract Date for your desired frequency.

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You may request that we calculate for you the amount that is required to be withdrawn from your Contract each year based on the information you give us and various choices you make. For information regarding the calculation and choices you have to make, see the SAI. Or, we will accept your written instructions regarding the calculated amount required to be withdrawn from your Contract each year. The minimum dollar amount you can withdraw is $100. When we determine the required IRA withdrawal amount for a taxable year based on the frequency you select, if that amount is less than $100, we will pay $100. At any time where the IRA withdrawal amount is greater than the contract value, we will cancel the Contract and send you the amount of the cash surrender value.

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You may change the payment frequency of your IRA withdrawals once each contract year or cancel this option at any time by sending satisfactory notice to our Customer Service Center at least 7 days before the next scheduled withdrawal date.

Consult your tax adviser regarding the tax consequences associated with taking withdrawals. You are responsible for determining that withdrawals comply with applicable law. A withdrawal made before the taxpayer reaches age 59½ may result in a 10% penalty tax. See “Federal Tax Considerations” for more details.

TRANSFERS AMONG YOUR INVESTMENTS (EXCESSIVE TRADING POLICY)

You may transfer your contract value among the subaccounts in which you are invested and your Fixed Interest Allocations at the end of the free look period until the income phase payment start date. Please note that if you elect one of the living benefit riders, you may not allocate contract value to the Fixed Interest Allocations. Transfers to a GET Fund series may only be made during the offering period for that GET Fund series. We currently do not charge you for transfers made during a contract year, but reserve the right to charge $25 for each transfer after the twelfth transfer in a contract year. We also reserve the right to limit the number of transfers you may make and may otherwise modify or terminate transfer privileges if required by our business judgment or in accordance with applicable law.

If you allocate contract value to an investment option that has been designated as a Restricted Fund, your ability to transfer contract value to the Restricted Fund may be limited. A transfer to the Restricted Funds will not be permitted to the extent that it would increase the contract value in the Restricted Fund to more than the applicable limits following the transfer. We do not limit transfers from Restricted Funds. If the result of multiple reallocations is to lower the percentage of total contract value in the Restricted Fund, the reallocation will be permitted even if the percentage of contract value in the Restricted Fund is greater than the limit.

Transfers will be based on values at the end of the business day in which the transfer request is received at our Customer Service Center.

The minimum amount that you may transfer is $100 or, if less, your entire contract value held in a subaccount or a Fixed Interest Allocation.

To make a transfer, you must notify our Customer Service Center and all other administrative requirements must be met. Any transfer request received after 4:00 p.m. Eastern Time or the close of regular trading on the New York Stock Exchange will be effected on the next business day. Separate Account NY-B and the Company will not be liable for following instructions communicated by telephone or other approved electronic means that we reasonably believe to be genuine. We may require personal identifying information to process a request for transfer made over the telephone, over the internet or other approved electronic means. Please be advised that the risk of a fraudulent transaction is increased with telephonic or electronic instructions, even if appropriate identifying information is provided.

Limits on Frequent or Disruptive Transfers.

The contract is not designed to serve as a vehicle for frequent transfers. Frequent transfer activity can disrupt management of a fund and raise its expenses through:

Increased trading and transaction costs;
Forced and unplanned portfolio turnover;
Lost opportunity costs; and
Large asset swings that decrease the fund's ability to provide maximum investment return to all contract owners.

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This in turn can have an adverse effect on fund performance. Accordingly, individuals or organizations that use market-timing investment strategies or make frequent transfers should not purchase the Contract.

Excessive Trading Policy. We and the other members of the ING family of companies that provide multi-fund variable insurance and retirement products, have adopted a common Excessive Trading Policy to respond to the demands of the various fund families that make their funds available through our products to restrict excessive fund trading activity and to ensure compliance with Rule 22c-2 of the 1940 Act.

We actively monitor fund transfer and reallocation activity within our variable insurance products to identify violations of our Excessive Trading Policy. Our Excessive Trading Policy is violated if fund transfer and reallocation activity:

Meets or exceeds our current definition of Excessive Trading, as defined below; or
Is determined, in our sole discretion, to be disruptive or not in the best interests of other owners of our variable insurance and retirement products.

We currently define Excessive Trading as:

More than one purchase and sale of the same fund (including money market funds) within a 60 calendar day period (hereinafter, a purchase and sale of the same fund is referred to as a “round-trip”). This means two or more round-trips involving the same fund within a 60 calendar day period would meet our definition of Excessive Trading; or
Six round-trips involving the same fund within a twelve month period.

The following transactions are excluded when determining whether trading activity is excessive:

Purchases or sales of shares related to non-fund transfers (for example, new purchase payments, withdrawals and loans);
Transfers associated with scheduled dollar cost averaging, scheduled rebalancing or scheduled asset allocation programs;
Purchases and sales of fund shares in the amount of $5,000 or less;
Purchases and sales of funds that affirmatively permit short-term trading in their fund shares, and movement between such funds and a money market fund; and
Transactions initiated by us, another member of the ING family of insurance companies or a fund.

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If we determine that an individual or entity has made a purchase of a fund within 60 days of a prior round-trip involving the same fund, we will send them a letter (once per year) warning that another sale of that same fund within 60 days of the beginning of the prior round-trip will be deemed to be Excessive Trading and result in a six month suspension of their ability to initiate fund transfers or reallocations through the Internet, facsimile, Voice Response Unit (VRU), telephone calls to the ING Customer Service Center, or other electronic trading medium that we may make available from time to time (“Electronic Trading Privileges”). Likewise, if we determine that an individual or entity has made five round-trips involving the same fund within a rolling twelve month period, we will send them a letter warning that another purchase and sale of that same fund within twelve months of the initial purchase in the first round-trip in the prior twelve month period will be deemed to be Excessive Trading and result in a suspension of their Electronic Trading Privileges. According to the needs of the various business units, a copy of the warning letters may also be sent, as applicable, to the person(s) or entity authorized to initiate fund transfers or reallocations, the agent/registered representative or investment adviser for that individual or entity. A copy of the warning letters and details of the individual’s or entity’s trading activity may also be sent to the fund whose shares were involved in the trading activity.

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If we determine that an individual or entity has violated our Excessive Trading Policy, we will send them a letter stating that their Electronic Trading Privileges have been suspended for a period of six months. Consequently, all fund transfers or reallocations, not just those which involve the fund whose shares were involved in the activity that violated our Excessive Trading Policy, will then have to be initiated by providing written instructions to us via regular U.S. mail. Suspension of Electronic Trading Privileges may also extend to products other than the product

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through which the Excessive Trading activity occurred. During the six month suspension period, electronic “inquiry only” privileges will be permitted where and when possible. A copy of the letter restricting future transfer and reallocation activity to regular U.S. mail and details of the individual’s or entity’s trading activity may also be sent, as applicable, to the person(s) or entity authorized to initiate fund transfers or reallocations, the agent/registered representative or investment adviser for that individual or entity and the fund whose shares were involved in the activity that violated our Excessive Trading Policy.

Following the six month suspension period during which no additional violations of our Excessive Trading Policy are identified, Electronic Trading Privileges may again be restored. We will continue to monitor the fund transfer and reallocation activity, and any future violations of our Excessive Trading Policy will result in an indefinite suspension of Electronic Trading Privileges. A violation of our Excessive Trading Policy during the six month suspension period will also result in an indefinite suspension of Electronic Trading Privileges.

We reserve the right to suspend Electronic Trading Privileges with respect to any individual or entity, with or without prior notice, if we determine, in our sole discretion, that the individual’s or entity’s trading activity is disruptive or not in the best interests of other owners of our variable insurance products, regardless of whether the individual’s or entity’s trading activity falls within the definition of Excessive Trading set forth above.

Our failure to send or an individual’s or entity’s failure to receive any warning letter or other notice contemplated under our Excessive Trading Policy will not prevent us from suspending that individual’s or entity’s Electronic Trading Privileges or taking any other action provided for in our Excessive Trading Policy.

We do not allow exceptions to our Excessive Trading Policy. We reserve the right to modify our Excessive Trading Policy, or the policy as it relates to a particular fund, at any time without prior notice, depending on, among other factors, the needs of the underlying fund(s), the best interests of contract owners and fund investors and/or state or federal regulatory requirements. If we modify our policy, it will be applied uniformly to all contract owners or, as applicable, to all contract owners investing in the underlying fund.

Our Excessive Trading Policy may not be completely successful in preventing market timing or excessive trading activity. If it is not completely successful, fund performance and management may be adversely affected, as noted above.

Limits Imposed by the Funds. Each underlying fund available through the variable insurance and retirement products offered by us and/or the other members of the ING family of insurance companies, either by prospectus or stated contract, has adopted or may adopt its own excessive/frequent trading policy, and orders for the purchase of fund shares are subject to acceptance or rejection by the underlying fund. We reserve the right, without prior notice, to implement fund purchase restrictions and/or limitations on an individual or entity that the fund has identified as violating its excessive/frequent trading policy and to reject any allocation or transfer request to a subaccount if the corresponding fund will not accept the allocation or transfer for any reason. All such restrictions and/or limitations (which may include, but are not limited to, suspension of Electronic Trading Privileges and/or blocking of future purchases of a fund or all funds within a fund family) will be done in accordance with the directions we receive from the fund.

Agreements to Share Information with Fund Companies. As required by Rule 22c-2 under the 1940 Act, we have entered into information sharing agreements with each of the fund companies whose funds are offered through the contract. Contract owner trading information is shared under these agreements as necessary for the fund companies to monitor fund trading and our implementation of our Excessive Trading Policy. Under these agreements, the company is required to share information regarding contract owner transactions, including but not limited to information regarding fund transfers initiated by you. In addition to information about contract owner transactions, this information may include personal contract owner information, including names and social security numbers or other tax identification numbers.

As a result of this information sharing, a fund company may direct us to restrict a contract owner’s transactions if the fund determines that the contract owner has violated the fund’s excessive/frequent trading policy. This could include the fund directing us to reject any allocations of premium or contract value to the fund or all funds within the fund family.

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Dollar Cost Averaging

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You may elect to participate in our dollar cost averaging (DCA) program through either the ING Liquid Assets Portfolio or a Fixed Interest Allocation , subject to availability, starting 30 days after the Contract Date. These investment options serve as the source accounts from which we will, on a monthly basis, automatically transfer a set dollar amount of money to the subaccounts you specify. There is no additional charge for dollar cost averaging. Dollar cost averaging is not available with automatic rebalancing and may be subject to limited availability with systematic withdrawals.

We also may offer DCA Fixed Interest Allocations for durations of 6 months and 1 year, subject to availability, exclusively for use with the dollar cost averaging program. Transfers made pursuant to a dollar cost averaging program do not count toward the 12-transfer limit on free transfers. There is no additional charge for the dollar cost averaging program.

The dollar cost averaging program is designed to lessen the impact of market fluctuation on your investment. Since we transfer the same dollar amount to other subaccounts each month, more units of a subaccount are purchased if the value of its unit is low and fewer units are purchased if the value of its unit is high. Therefore, a lower than average value per unit may be achieved over the long term. However, we cannot guarantee this. When you elect the dollar cost averaging program, you are continuously investing in securities regardless of fluctuating price levels. You should consider your tolerance for investing through periods of fluctuating price levels.

Dollar cost averaging requires a minimum monthly transfer amount of $100. We will transfer all your money allocated to that source account into the subaccount(s) you specify in equal payments over the relevant duration. The last payment will include earnings accrued over the duration. If you make an additional premium payment into a Fixed Interest Allocation subject to dollar cost averaging, the amount of your transfers under the dollar cost averaging program remains the same, unless you instruct us to increase the transfer amount.

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If you do not specify the subaccounts to which the dollar amount of the source account is to be transferred, we will transfer the money to the subaccounts in which you are invested on a proportional basis, subject to any fund purchase restrictions. The transfer date is the same day each month as your contract date. If, on any transfer date, your contract value in a source account is equal to or less than the amount you have elected to have transferred, the entire amount will be transferred and the program will end. You may terminate the dollar cost averaging program at any time by sending satisfactory notice to our Customer Service Center at least 7 days before the next transfer date. A Fixed Interest Allocation or DCA Fixed Interest Allocation may not participate in the dollar cost averaging program and in systematic withdrawals at the same time.

You are permitted to transfer contract value to a Restricted Fund, subject to the limitations described above in this section and in “Trust and Funds – Restricted Funds.” Compliance with the individual and aggregate Restricted Fund limits will be reviewed when the dollar cost averaging program is established. Transfers under the dollar cost averaging program must be within those limits. We will not review again your dollar cost averaging election for compliance with the individual and aggregate limits for investment in the Restricted Funds except in the case of the transactions described below.

Amount added to source account: If you add amounts to the source account which would increase the amount to be transferred under the dollar cost averaging program, we will review the amounts to be transferred to ensure that the individual and aggregate limits are not being exceeded. If such limits would

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be exceeded, we will require that the dollar cost averaging transfer amounts be changed to ensure that the

transfers are within the limits based on the then current allocation of contract value to the Restricted

Fund(s) and the then current value of the amount designated to be transferred to that Restricted Fund(s).

Additional premium paid: Up to the individual Restricted Fund percentage limit may be allocated to a Restricted Fund. If more than the individual limit has been requested to be allocated to a Restricted Fund, we will look at the aggregate limit, subtract the current allocation to Restricted Funds, and subtract the current value of amounts to be transferred under the dollar cost averaging program to Restricted Funds.
The excess, if any, is the maximum that may be allocated pro-rata to Restricted Funds.
Reallocation request is made while the dollar cost averaging program is active: If the reallocation would increase the amount allocated to Restricted Funds, the maximum that may be so allocated is the individual Restricted Fund percentage limit, less the current allocation to Restricted Funds and less the current value of any remaining amounts to be transferred under the dollar cost averaging program to the Restricted Funds.

The GET Fund may not be included in a dollar cost averaging program. We may in the future offer additional subaccounts or withdraw any subaccount or Fixed Interest Allocation to or from the dollar cost averaging program, stop offering DCA Fixed Interest Allocations or otherwise modify, suspend or terminate this program. Of course, such change will not affect any dollar cost averaging programs in operation at the time. Transfers made pursuant to a dollar cost averaging program do not count toward the 12-transfer limit on free transfers.

Automatic Rebalancing

If you have at least $10,000 of contract value invested in the subaccounts of Separate Account NY-B, you may elect to have your investments in the subaccounts automatically rebalanced. You are permitted to reallocate between Restricted and non-Restricted Funds, subject to the limitations described above in this section and in “Trust and Funds – Restricted Funds.” If the reallocation would increase the amount allocated to the Restricted Funds, the maximum that may be so allocated is the individual Restricted Fund percentage limit, less the current allocation to all Restricted Funds. Automatic rebalancing is subject to any fund purchase restrictions; however, transfers made pursuant to automatic rebalancing do not count toward the 12-transfer limit on free transfers. Amounts allocated to the GET Fund will not be affected by automatic rebalancing. There is no additional charge for this feature.

We will transfer funds under your Contract on a quarterly, semi-annual, or annual calendar basis among the subaccounts to maintain the investment blend of your selected subaccounts. The minimum size of any allocation must be in full percentage points. Rebalancing does not affect any amounts that you have allocated to the Fixed Interest Division. The program may be used in conjunction with the systematic withdrawal option only if withdrawals are taken pro-rata. Automatic rebalancing is not available if you participate in dollar cost averaging. Automatic rebalancing will not take place during the free look period.

To participate in automatic rebalancing, send satisfactory notice to our Customer Service Center. We will begin the program on the last business day of the period in which we receive the notice. You may cancel the program at any time. The program will automatically terminate if you choose to reallocate your contract value among the subaccounts or if you make an additional premium payment or partial withdrawal on other than a pro-rata basis. Additional premium payments and partial withdrawals effected on a pro-rata basis will not cause the automatic rebalancing program to terminate.

DEATH BENEFIT CHOICES

Death Benefit During the Accumulation Phase

During the accumulation phase, a death benefit is payable when either the contract owner or the first of joint owners (under Option Package I only) or the annuitant (when a contract owner is not an individual) dies. Assuming you are the contract owner, your beneficiary will receive a death benefit unless the beneficiary is your surviving spouse and elects to continue the Contract. The death benefit paid depends on the option package you have chosen. The death benefit value is calculated as of the claim date (the close of the business day on which we receive written notice and

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due proof of death, as well as any required paperwork, at our Customer Service Center). If your beneficiary elects to delay receipt of the death benefit until a date after the time of death, the amount of the benefit payable in the future may be affected. The proceeds may be received in a single sum, applied to any of the income phase payment options or, if available, paid over the beneficiary’s life expectancy. (See “Systematic Withdrawals” above.) A beneficiary’s right to elect an income phase payment option or receive a lump sum payment may have been restricted by a contract owner. If so, such rights or options will not be available to the beneficiary.

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If we do not receive a request to apply the death benefit proceeds to an income phase payment option, we will make a single sum distribution. Unless you elect otherwise, the distribution will be made into an interest bearing account, backed by our general account, that is accessed by the beneficiary through a checkbook feature. The beneficiary may access death benefit proceeds at any time without penalty. Interest earned on this account may be less than interest paid on other settlement options and the Company seeks to make a profit on these accounts. We will generally pay death benefit proceeds within 7 days after our Customer Service Center has received sufficient information to make the payment. For information on required distributions under federal income tax laws, you should see “Federal Tax Considerations – Required Distributions upon Death.”

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You may select one of the option packages described below which will determine the death benefit payable. Option Packages II and III are not available where the Contract is held by joint owners. A change in ownership of the Contract may affect the amount of the death benefit payable.

The death benefit may be subject to certain mandatory distribution rules required by federal tax law. The death benefit depends upon the option package in effect on the date the contract owner dies. The differences are summarized as follows:


	Option Package I		Option Package II		Option Package III
Death Benefit	The greatest of:		The greatest of:		The greatest of:
on Death of the	(1)	the Standard Death	(1)	the Standard Death	(1)	the Standard Death
Owner:		Benefit*;		Benefit*;		Benefit*;
	(2)	the contract value*; or	(2)	the contract value*;	(2)	the contract value*;
	(3)	return of premium.	(3)	return of premium; or	(3)	return of premium; or
			(4)	the Annual Ratchet	(4)	the Annual Ratchet
				death benefit*.		death benefit*.

* less any premium credits added after or within 12 months prior to death.

Return of premium equals premiums paid, excluding any premium credits, reduced pro-rata for withdrawals.

The Standard Death Benefit equals total premium payments plus premium credits reduced pro-rata for withdrawals.

The Annual Ratchet Enhanced Death Benefit equals the maximum contract value on each contract anniversary occurring on or prior to attainment of age 90, adjusted for new premiums and premium credits and reduced pro-rata for withdrawals. On the contract date, the Annual Ratchet Enhanced Death Benefit equals the initial premium plus any premium credit.

The pro-rata withdrawal adjustment to the guaranteed death benefit amount under Option Package I, II or III is equal to (1) divided by (2), with the result multiplied by (3) where:

(1)	is the Contract Value withdrawn;
(2)	is the Contract Value immediately prior to the withdrawal; and
(3)	is the amount of the applicable death benefit immediately prior to the withdrawal.

The reduction in the guaranteed death benefit may be greater than the amount withdrawn. Any premium credit added after or within 12 months prior to the date of death is forfeited, and is not included in the Contract Value for purposes of calculating the Standard Death Benefit or the Annual Ratchet Enhanced Death Benefit.

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Transfers Between Option Packages. You may transfer from one option package to another on each contract anniversary. A written request for such transfer must be received at our Customer Service Center within 60 days prior to the contract anniversary. No transfers between option packages are permitted: 1) after you attain age 80; or 2) if the Contract is owned by joint owners. A change of owner may cause an option package transfer on other than a contract anniversary. If you transfer from Option I to Option II or III, the Annual Ratchet Death Benefit will equal the contract value on the effective date of the transfer.


	Transfers to Option		Transfers to Option
		Package I	Packages II or III
Minimum	Non-		Non-
Contract	Qualified:	Qualified:	Qualified:	Qualified:
Value	$15,000	$1,500	$5,000	$1,500

Death Benefit During the Income Phase

If any contract owner or the annuitant dies during the income phase, we will pay the beneficiary any certain benefit remaining under the income phase payment option in effect at the time.

Continuation after Death — Spouse

If at the contract owner’s death, the surviving spouse of the deceased contract owner is the beneficiary and such surviving spouse elects to continue the contract as his or her own the following will apply:

If the guaranteed death benefit as of the date we receive due proof of death, minus the contract value also on that date, is greater than zero, we will add such difference to the contract value. We will allocate such addition to the variable subaccounts in proportion to the contract value in the subaccounts, unless you direct otherwise. If there is no contract value in any subaccount, the addition will be allocated to the ING Liquid Assets Portfolio, or its successor. Such addition to contract value will not affect the guaranteed death benefit. If the guaranteed death benefit is less than or equal to the contract value, the contract value will not change.

The death benefits under each of the available options will continue based on the surviving spouse’s age on the date that ownership changes. If death occurs during the first contract year, the premium credit will not be forfeited upon spousal continuation, and the premium credit option charge will continue for the remainder of the seven-year period. The premium credit will be subject to recapture upon surrender of the Contract or partial withdrawal, in accordance with the premium credit forfeiture schedule. Subsequent premium payments made by the continuing spouse during the first contract year will be subject to the premium credit option charge and the premium credit forfeiture schedule. See “The Annuity Contract – Additional Credit to Premium.”

If death occurs after the first contract year, the premium credit will not be forfeited upon spousal continuation, and the premium credit option charge will continue for the remainder of the seven year period. The premium credit will not be subject to forfeiture upon surrender of the Contract or partial withdrawals.

At subsequent surrender, any surrender charge applicable to premiums paid prior to the date we receive due proof of death of the contract owner will be waived. Any premiums paid later will be subject to any applicable surrender charge.

Any addition to contract value, as described above, is available only to the spouse of the owner as of the date of death of the owner if such spouse under the provisions of the contract elects to continue the contract as his or her own.

Continuation after Death — Non Spouse

If the beneficiary or surviving joint owner is not the spouse of the owner, the contract may continue in force subject to the required distribution rules of the Internal Revenue Code (the “Tax Code”) apply. See next section, “Required Distributions upon Contract Owner’s Death.”

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variable subaccounts in proportion to the contract value in the subaccounts, unless you direct otherwise. If there is no contract value in any subaccount, the addition will be allocated to the ING Liquid Assets Portfolio, or its successor. Such addition to contract value will not affect the guaranteed death benefit. If the guaranteed death benefit is less than or equal to the contract value, the contract value will not change.

If death occurs within 12 months of a premium credit being applied, the premium credit will be forfeited and not included in the calculation of either the contract value, the Standard Death Benefit or the Annual Ratchet Enhanced Death Benefit.

The death benefit terminates upon continuation. At subsequent surrender, any surrender charge applicable to premium payments paid prior to the date we receive due proof of death of the contract owner will be waived. No additional premium payments may be made.

Required Distributions Upon Contract Owner’s Death

We will not allow any payment of benefits provided under a non-qualified Contract which do not satisfy the requirements of Section 72(s) of the Tax Code.

If any owner of a non-qualified contract dies before the income phase payment start date, the death benefit payable to the beneficiary calculated as described under “Death Benefit Choices” in this prospectus, will be distributed as follows: (a) the death benefit must be completely distributed within 5 years of the contract owner’s date of death; or (b) the beneficiary may elect, within the 1-year period after the contract owner’s date of death, to receive the death benefit in the form of an annuity from us, provided that (i) such annuity is distributed in substantially equal installments over the life of such beneficiary or over a period not extending beyond the life expectancy of such beneficiary; and (ii) such distributions begin not later than 1 year after the contract owner’s date of death.

Notwithstanding (a) and (b) above, if the sole contract owner’s sole beneficiary is the deceased owner’s surviving spouse, then such spouse may elect to continue the Contract under the same terms as before the contract owner’s death. Upon receipt of such election from the spouse at our Customer Service Center: (1) all rights of the spouse as contract owner’s beneficiary under the Contract in effect prior to such election will cease; (2) the spouse will become the owner of the Contract and will also be treated as the contingent annuitant, if none has been named and only if the deceased owner was the annuitant; and (3) all rights and privileges granted by the Contract or allowed by ReliaStar of NY will belong to the spouse as contract owner of the Contract. This election will be deemed to have been made by the spouse if such spouse makes a premium payment to the Contract or fails to make a timely election as described in this paragraph. If the owner’s beneficiary is a nonspouse, the distribution provisions described in subparagraphs (a) and (b) above, will apply even if the annuitant and/or contingent annuitant are alive at the time of the contract owner’s death.

Subject to availability, and our then current rules, a spousal or non-spousal beneficiary may elect to receive death benefits as payments over the life expectancy of the beneficiary (“stretch”). “Stretch” payments will be subject to the same limitations as systematic withdrawals, and non-qualified “stretch” payments will be reported on the same basis as other systematic withdrawals.

If we do not receive an election from a non-spouse owner’s beneficiary within the 1-year period after the contract owner’s date of death, then we will pay the death benefit to the owner’s beneficiary in a cash payment within five years from the date of death. We will determine the death benefit as of the date we receive proof of death. We will make payment of the proceeds on or before the end of the 5-year period starting on the owner’s date of death. Such cash payment will be in full settlement of all our liability under the Contract.

The death benefits under any of the Options will terminate. At subsequent surrender, any surrender charge applicable to premiums paid prior to the date we receive due proof of death of the contract owner will be waived. Premiums are not permitted after such date.

If a contract owner dies after the income phase payment start date, we will continue to distribute any benefit payable at least as rapidly as under the annuity option then in effect. All of the contract owner’s rights granted under the Contract or allowed by us will pass to the contract owner’s beneficiary.

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If a Contract has joint owners we will consider the date of death of the first joint owner as the death of the contract owner and the surviving joint owner will become the beneficiary of the Contract. If any contract owner is not an individual, the death of an annuitant shall be treated as the death of the owner.

Effect of ING LifePay Plus and ING Joint LifePay Plus Riders on Death Benefit

Please see “ING LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING LifePay Plus”) Rider – Death of Owner or Annuitant” for information about the effect of the ING LifePay Plus rider on the death benefit under your Contract and a description of the impact of the owner’s or annuitant’s death on the ING LifePay Plus rider. Please see “ING Joint LifePay Plus Minimum Guaranteed Withdrawal Benefit (“ING Joint LifePay Plus”) Rider – Death of Owner or Annuitant” for information about the effect of the ING Joint LifePay Plus rider on the death benefit under your Contract and a description of the impact of the owner’s or annuitant’s death on the ING Joint LifePay Plus rider.

THE INCOME PHASE

During the income phase, you stop contributing dollars to your contract and start receiving payments from your accumulated contract value.

Initiating Payments. At least 30 days prior to the date you want to start receiving payments, you must notify us in writing of all of the following:

Payment start date;
Income phase payment option (see the income phase payment options table in this section);
Payment frequency (i.e., monthly, quarterly, semi-annually or annually);
Choice of fixed, and, if available at the time an income phase payment option is selected, variable or a combination of both fixed and variable payments; and
Selection of an assumed net investment rate (only if variable payments are elected).

Your Contract will continue in the accumulation phase until you properly start income phase payments. Once an income phase payment option is selected, it may not be changed. Our current annuity options provide only for fixed payments.

What Affects Payment Amounts? Some of the factors that may affect the amount of your income phase payments include: your age; gender; contract value; the income phase payment option selected; the number of guaranteed payments (if any) selected; whether you select fixed, variable or a combination of both fixed and variable payments; and, for variable payments, the assumed net investment rate selected. Variable payments are not currently available.

Fixed Payments. Amounts funding fixed income phase payments will be held in the Company’s general account. The amount of fixed payments does not vary with investment performance over time.

Variable Payments. Amounts funding your variable income phase payments will be held in the subaccount(s) you select. Not all subaccounts available during the accumulation phase may be available during the income phase. Payment amounts will vary depending upon the performance of the subaccounts you select. For variable income phase payments, you must select an assumed net investment rate. Variable payments are not currently available.

Assumed Net Investment Rate. If you select variable income phase payments, you must also select an assumed net investment rate of either 5% or 3½%. If you select a 5% rate, your first income phase payment will be higher, but subsequent payments will increase only if the investment performance of the subaccounts you selected is greater than 5% annually, after deduction of fees. Payment amounts will decline if the investment performance is less than 5%, after deduction of fees.

If you select a 3½% rate, your first income phase payment will be lower and subsequent payments will increase more rapidly or decline more slowly depending upon changes to the net investment rate of the subaccounts you selected. For more information about selecting an assumed net investment rate, call us for a copy of the SAI.

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Minimum Payment Amounts. The income phase payment option you select must result in:

A first income phase payment of at least $50; and
Total yearly income phase payments of at least $250.

If your contract value is too low to meet these minimum payment amounts, you will receive one lump-sum payment. Unless prohibited by law, we reserve the right to increase the minimum payment amount based on increases reflected in the Consumer Price Index-Urban (CPI-U) since July 1, 1993.

Betterment of Rates. If the payments under the Income Phase Payment Option that you elect would be lower than the payments that would be provided using the same value (greater of cash surrender value or 95% of contract value) under a single premium immediate annuity then offered by us, you will receive the larger payments under your payment option.

Restrictions on Start Dates and the Duration of Payments. Income phase payments may not begin during the first contract year, or, unless we consent, later than the later of:

The first day of the month following the annuitant’s 90^thbirthday; or
The tenth anniversary of the last premium payment made to your Contract.

Income phase payments will not begin until you have selected an income phase payment option. If there are surrender charges remaining on the income phase payment start date, your income phase payment option must be either a life annuity or have a period certain of at least 10 years. Failure to select an income phase payment option by the later of the annuitant’s 85^thbirthday or the tenth anniversary of your last premium payment may have adverse tax consequences. You should consult with a qualified tax adviser if you are considering delaying the selection of an income phase payment option before the later of these dates.

For qualified contracts only, income phase payments may not extend beyond:

1)	The life of the annuitant;
2)	The joint lives of the annuitant and beneficiary;
3)	A guaranteed period greater than the annuitant’s life expectancy; or
4)	A guaranteed period greater than the joint life expectancies of the annuitant and beneficiary.

When income phase payments start, the age of the annuitant plus the number of years for which payments are guaranteed may not exceed 100.

If income phase payments start when the annuitant is at an advanced age, such as over 85, it is possible that the Contract will not be considered an annuity for federal tax purposes.

See “Federal Tax Considerations” for further discussion of rules relating to income phase payments.

Charges Deducted

If you elect a life income payment option, we make a daily deduction for mortality and expense risks equal to 1.25% of amounts invested in the subaccounts. If variable income phase payments are selected, we make a daily deduction for expense risks from amounts held in the subaccounts. Therefore, if you choose variable income phase payments and a nonlifetime income phase payment option, we still make a deduction from the subaccounts you select, even though we no longer assume mortality risks. The amount of this charge, on an annual basis, is equal to 1.25% of amounts invested in the subaccounts. See “Fees and Expenses.”

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An administrative expense charge of 0.15% applies during the income phase. We deduct this charge daily from the subaccounts corresponding to the funds you select. The charge applies during the entire income phase. See “Fees and Expenses.”
If the premium credit option was elected, the premium credit option charge of 0.50% continues during the income phase for the remainder of the seven year period from the addition of the premium credit. We deduct this charge daily from your contract value in both the subaccounts and the Fixed Interest Division.
See “Fees and Expenses.”

Death Benefit during the Income Phase. The death benefits that may be available to a beneficiary are outlined in the income phase payment options table below. If a lump-sum payment is due as a death benefit, we will make payment within seven calendar days after we receive proof of death acceptable to us and the request for the payment in good order at our Customer Service Center. Unless you elect otherwise, the distribution will be made into an interest bearing account, backed by our general account, that is accessed by the beneficiary through a checkbook feature. The beneficiary may access death benefit proceeds at any time without penalty. If continuing income phase payments are elected, the beneficiary may not elect to receive a lump sum at a future date unless the income phase payment option specifically allows a withdrawal right. We will calculate the value of any death benefit at the next valuation after we receive proof of death and a request for payment. Such value will be reduced by any payments made after the date of death.

Beneficiary Rights. A beneficiary’s right to elect an income phase payment option or receive a lump-sum payment may have been restricted by the contract owner. If so, such rights or options will not be available to the beneficiary.

Partial Entry into the Income Phase. You may elect an income phase payment option for a portion of your contract value, while leaving the remaining portion invested in the accumulation phase. Whether the Tax Code considers such payments taxable as income phase payments or as withdrawals is currently unclear; therefore, you should consult with a qualified tax adviser before electing this option. The same or different income phase payment option may be selected for the portion left invested in the accumulation phase.

Taxation. To avoid certain tax penalties, you or your beneficiary must meet the distribution rules imposed by the Tax Code. Additionally, when selecting an income phase payment option, the Tax Code requires that your expected payments will not exceed certain durations. See “Federal Tax Considerations.”

Payment Options

The following table lists the income phase payment options and accompanying death benefits available during the income phase. We may offer additional income phase payment options under the Contract from time to time. Once income phase payments begin, the income phase payment option selected may not be changed.

Terms to understand:

Annuitant(s): The person(s) on whose life expectancy(ies) the income phase payments are based.

Beneficiary(ies): The person(s) or entity(ies) entitled to receive a death benefit, if any, under the income phase payment option selected.

Lifetime Income Phase Payment Option


Life Income	Length of Payments: For as long as the annuitant lives. It is possible that only one payment
	will be made if the annuitant dies prior to the second payment’s due date.
Death Benefit—None: All payments end upon the annuitant’s death.

Life Income—	Length of Payments: For as long as the annuitant lives, with payments guaranteed for your
Guaranteed	choice of 5 to 30 years or as otherwise specified in the contract.
Payments	Death Benefit—Payment to the Beneficiary: If the annuitant dies before we have made all
	the guaranteed payments, we will continue to pay the beneficiary the remaining payments.

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Lifetime Income Phase Payment Option
Life Income—	Length of Payments: For as long as either annuitant lives. It is possible that only one
Two Lives	payment will be made if both annuitants die before the second payment’s due date.
	Continuing Payments: When you select this option you choose for:
	a)	100%, 66 2/3% or 50% of the payment to continue to the surviving annuitant after the
		first death; or
	b)	100% of the payment to continue to the annuitant on the second annuitant’s death, and
		50% of the payment to continue to the second annuitant on the annuitant’s death.
	Death Benefit—None: All payments end upon the death of both annuitants.

Lifetime Income Phase Payment Option – (continued)
Life Income—	Length of Payments: For as long as either annuitant lives, with payments guaranteed from 5
Two Lives—	to 30 years or as otherwise specified in the contract.
Guaranteed	Continuing Payments: 100% of the payment to continue to the surviving annuitant after the
Payments	first death.
	Death Benefit—Payment to the Beneficiary: If both annuitants die before we have made all
	the guaranteed payments, we will continue to pay the beneficiary the remaining payments.
Life Income— Cash	Length of Payments: For as long as the annuitant lives.
Refund Option	Death Benefit—Payment to the Beneficiary: Following the annuitant’s death, we will pay a
(limited	lump sum payment equal to the amount originally applied to the income phase payment option
availability—fixed	(less any applicable premium tax) and less the total amount of income payments paid.
payments only)
Life Income—Two	Length of Payments: For as long as either annuitant lives.
Lives—Cash	Continuing Payments: 100% of the payment to continue after the first death.
Refund Option	Death Benefit—Payment to the Beneficiary: When both annuitants die we will pay a lump-
(limited	sum payment equal to the amount applied to the income phase payment option (less any
availability—fixed	applicable premium tax) and less the total amount of income payments paid.
payments only)
Nonlifetime Income Phase Payment Option
Nonlifetime—	Length of Payments: You may select payments for 5 to 30 years (15 to 30 years if you
Guaranteed	elected the premium bonus option). In certain cases a lump-sum payment may be requested at
Payments	any time (see below).
	Death Benefit—Payment to the Beneficiary: If the annuitant dies before we make all the
	guaranteed payments, we will continue to pay the beneficiary the remaining payments.
Lump-Sum Payment: If the “Nonlifetime—Guaranteed Payments” option is elected with variable payments, you
may request at any time that all or a portion of the present value of the remaining payments be paid in one lump sum.
Any such lump-sum payments will be treated as a withdrawal during the accumulation phase and we will charge any
applicable surrender charge. Lump-sum payments will be sent within seven calendar days after we receive the request
for payment in good order at our Customer Service Center.

OTHER CONTRACT PROVISIONS

Reports to Contract Owners

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We confirm purchase, transfer and withdrawal transactions usually within 5 business days of processing. We may also send you a quarterly report within 31 days after the end of each calendar quarter. The report will show the contract value, cash surrender value, and the death benefit as of the end of the calendar quarter. The report will also show the allocation of your contract value and reflects the amounts deducted from or added to the contract value. You have 30 days to notify our Customer Service Center of any errors or discrepancies . We will notify you when any shareholder reports of the investment portfolios in which Separate Account NY-B invests are available. We will also send any other reports, notices or documents we are required by law to furnish to you.

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Suspension of Payments

The Company reserves the right to suspend or postpone the date of any payment or determination of values, beyond the seven permitted days, on any business day (1) when the New York Stock Exchange is closed; (2) when trading on the New York Stock Exchange is restricted; (3) when an emergency exists as determined by the SEC so that the sale of securities held in Separate Account NY-B may not reasonably occur or so that the Company may not reasonably determine the value of Separate Account NY-B’s net assets; or (4) during any other period when the SEC so permits for the protection of security holders. We have the right to delay payment of amounts from a Fixed Interest Allocation for up to 6 months.

In Case of Errors in Your Application

If an age or gender given in the application or enrollment form is misstated, the amounts payable or benefits provided by the Contract shall be those that the premium payment would have bought at the correct age or sex.

Assigning the Contract as Collateral

You may assign a non-qualified Contract as collateral security for a loan but you should understand that your rights and any beneficiary’s rights may be subject to the terms of the assignment. An assignment likely has federal tax consequences. You must give us satisfactory written notice at our Customer Service Center in order to make or release an assignment. We are not responsible for the validity of any assignment.

Contract Changes — Applicable Tax Law

We have the right to make changes in the Contract to continue to qualify the Contract as an annuity under applicable federal tax law. You will be given advance notice of such changes.

Free Look

You may cancel your Contract within your 10-day free look period. We deem the free look period to expire 15 days after we mail the Contract to you. Your state may require a longer free look period under certain circumstances. To cancel, you need to send your Contract to our Customer Service Center or to the agent from whom you purchased it. We will refund the contract value. For purposes of the refund during the free look period, we exclude any premium credit and include a refund of any charges deducted from your contract value. Because of the market risks associated with investing in the portfolios, the contract value returned may be greater or less than the premium payment you paid. We may, at our discretion, require that premiums designated for investment in the subaccounts as well as premiums designated for a Fixed Interest Allocation be allocated to the specially designated subaccount (currently, the ING Liquid Assets Portfolio) during the free look period. Your free look rights depend on the laws of the state in which you purchase the Contract. Your Contract is void as of the day we receive your Contract and cancellation request. We determine your contract value at the close of business on the day we receive your written request. If you keep your Contract after the free look period and the investment is allocated to a subaccount specially designated by the Company, we will put your money in the subaccount(s) chosen by you, based on the accumulation unit value next computed for each subaccount, and/or in the Fixed Interest Allocation chosen by you.

Special Arrangements

We may reduce or waive any Contract, rider, or benefit fees or charges for certain group or sponsored arrangements, under special programs, and for certain employees, agents, and related persons of our parent corporation and its affiliates. We reduce or waive these items based on expected economies, and the variations are based on differences in costs or services.

Selling the Contract

Our affiliate, Directed Services LLC, 1475 Dunwoody Drive, West Chester, PA 19380 is the principal underwriter and distributor of the Contract as well as for other ING USA contracts. Directed Services LLC, a Delaware limited liability company, is registered with the SEC as a broker/dealer under the Securities Exchange Act of 1934, and is a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”).

Directed Services LLC does not retain any commissions or compensation paid to it by ING USA for Contract sales. Directed Services LLC enters into selling agreements with affiliated and unaffiliated broker/dealers to sell the Contracts through their registered representatives who are licensed to sell securities and variable insurance products (“selling firms”). Selling firms are also registered with the SEC and are FINRA member firms.

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The following is a list of broker/dealers that are affiliated with the Company:


·	Bancnorth Investment Group, Inc.	·	ING Funds Distributor, LLC
·	Directed Services LLC	·	ING Investment Advisors, LLC
·	Financial Network Investment Corporation	·	ING Investment Management Services LLC
·	Guaranty Brokerage Services, Inc.	·	Multi-Financial Securities Corporation
·	ING America Equities, Inc.	·	PrimeVest Financial Services, Inc.
·	ING Financial Advisers, LLC	·	ShareBuilder Securities Corporation
·	ING Financial Markets LLC	·	Systematized Benefits Administrators, Inc.
·	ING Financial Partners, Inc.

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Directed Services LLC pays selling firms compensation for the promotion and sale of the Contracts. Registered representatives of the selling firms who solicit sales of the Contracts typically receive a portion of the compensation paid by Directed Services LLC to the selling firm in the form of commissions or other compensation, depending on the agreement between the selling firm and the registered representative. This compensation, as well as other incentives or payments, is not paid directly by contract owners or the Separate Account. We intend to recoup this compensation and other sales expenses paid to selling firms through fees and charges imposed under the Contracts.

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Directed Services LLC pays selling firms for Contract sales according to one or more schedules. This compensation is generally based on a percentage of premium payments. Selling firms may receive commissions of up to 7.5% of premium payments. In addition, selling firms may receive ongoing annual compensation of up to 1.25% of all, or a portion, of values of Contracts sold through the firm. Individual representatives may receive all or a portion of compensation paid to their selling firm, depending on their firm’s practices. Commissions and annual compensation, when combined, could exceed 7.5% of total premium payments.

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Directed Services LLC has special compensation arrangements with certain selling firms based on those firms’ aggregate or anticipated sales of the Contracts or other criteria. These special compensation arrangements will not be offered to all selling firms, and the terms of such arrangements may differ among selling firms based on various factors. Any such compensation payable to a selling firm will not result in any additional direct charge to you by us.

In addition to the direct cash compensation for sales of Contracts described above, Directed Services LLC may also pay selling firms additional compensation or reimbursement of expenses for their efforts in selling the Contracts to you and other customers. These amounts may include:

Marketing/distribution allowances which may be based on the percentages of premium received, the aggregate commissions paid and/or the aggregate assets held in relation to certain types of designated insurance products issued by the Company and/or its affiliates during the year;
Loans or advances of commissions in anticipation of future receipt of premiums (a form of lending to agents/registered representatives). These loans may have advantageous terms such as reduction or elimination of the interest charged on the loan and/or forgiveness of the principal amount of the loan, which terms may be conditioned on fixed insurance product sales;
Education and training allowances to facilitate our attendance at certain educational and training meetings to provide information and training about our products. We also hold training programs from time to time at our expense;

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Sponsorship payments or reimbursements for broker/dealers to use in sales contests and/or meetings for their agents/registered representatives who sell our products. We do not hold contests based solely on the sales of this product;
Certain overrides and other benefits that may include cash compensation based on the amount of earned commissions, agent/representative recruiting or other activities that promote the sale of policies; and
Additional cash or noncash compensation and reimbursements permissible under existing law. This may include, but is not limited to, cash incentives, merchandise, trips, occasional entertainment, meals and tickets to sporting events, client appreciation events, business and educational enhancement items, payment for travel expenses (including meals and lodging) to pre-approved training and education seminars, and payment for advertising and sales campaigns.

We may pay commissions, dealer concessions, wholesaling fees, overrides, bonuses, other allowances and benefits and the costs of all other incentives or training programs from our resources, which include the fees and charges imposed under the Contract.

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The following is a list of the top 25 selling firms that, during 2008, received the most compensation, in the aggregate, from us in connection with the sale of registered annuity contracts issued by us, ranked by total dollars received:

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1.	ING Financial Partners, Inc.	14.	Wells Fargo Investments, LLC
2.	Citigroup Global Markets, Inc.	15.	Multi-Financial Securities Corporation
3.	LPL Financial Corporation	16.	Banc of America Investment Services Inc.
4.	ING Financial Partners, Inc. - CAREER	17.	ING Financial Advisers, LLC
5.	Morgan Stanley & Co. Incorporated	18.	Securities America, Inc.
6.	Merrill Lynch, Pierce, Fenner & Smith, Inc.	19.	National Planning Corporation
7.	Wachovia Securities, LLC - Bank	20.	Financial Network Investment Corporation
8.	Chase Investment Services Corporation	21.	Royal Alliance Associates, Inc.
9.	UBS Financial Services, Inc.	22.	Raymond James Financial Services, Inc.
10.	A. G. Edwards & Sons, Inc.	23.	MML Investors Services, Inc.
11.	Wachovia Securities, LLC	24.	Park Avenue Securities, LLC.
12.	Woodbury Financial Services Inc.	25.	Securian Financial Services Inc.
13.	PrimeVest Financial Services, Inc.

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Directed Services LLC may also compensate wholesalers/distributors, and their sales management personnel, for Contract sales within the wholesale/distribution channel. This compensation may be based on a percentage of premium payments and/or a percentage of Contract values. Directed Services LLC may, at its discretion, pay additional cash compensation to wholesalers/distributors for sales by certain broker-dealers or “focus firms.”

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We do not pay any additional compensation on the sale or exercise of any of the Contract’s optional benefit riders offered in this prospectus.

This is a general discussion of the types and levels of compensation paid by us for sale of our variable annuity contracts. It is important for you to know that the payment of volume- or sales-based compensation to a selling firm or registered representative may provide that registered representative a financial incentive to promote our contracts over those of another company, and may also provide a financial incentive to promote one of our contracts over another.

OTHER INFORMATION

Voting Rights

We will vote the shares of a Trust owned by Separate Account NY-B according to your instructions. However, if the 1940 Act or any related regulations should change, or if interpretations of it or related regulations should change, and we decide that we are permitted to vote the shares of a Trust in our own right, we may decide to do so.

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We determine the number of shares that you have in a subaccount by dividing the Contract’s contract value in that subaccount by the net asset value of one share of the portfolio in which a subaccount invests. We count fractional votes. We will determine the number of shares you can instruct us to vote 180 days or less before a Trust shareholder meeting. We will ask you for voting instructions by mail at least 10 days before the meeting. If we do not receive your instructions in time, we will vote the shares in the same proportion as the instructions received from all contracts in that subaccount. We will also vote shares we hold in Separate Account NY-B which are not attributable to contract owners in the same proportion. The effect of proportional voting is that a small number of contract owners may decide the outcome of a vote.

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State Regulation

We are regulated by the Insurance Department of the State of New York. We are also subject to the insurance laws and regulations of all jurisdictions where we do business. The variable Contract offered by this prospectus has been approved where required by those jurisdictions. We are required to submit annual statements of our operations, including financial statements, to the Insurance Departments of the various jurisdictions in which we do business to determine solvency and compliance with state insurance laws and regulations.

Legal Proceedings

We are not aware of any pending legal proceedings which involve Separate Account NY-B as a party.

The Company is involved in threatened or pending lawsuits/arbitrations arising from the normal conduct of business. Due to the climate in insurance and business litigation/arbitration, suits against the Company sometimes include claims for substantial compensatory, consequential or punitive damages and other types of relief. Moreover, certain claims are asserted as class actions, purporting to represent a group of similarly situated individuals. While it is not possible to forecast the outcome of such lawsuits/arbitrations, in light of existing insurance, reinsurance and established reserves, it is the opinion of management that the disposition of such lawsuits/arbitrations will not have a materially adverse effect on the Company’s operations or financial position.

Directed Services LLC, the principal underwriter and distributor of the contract, is a party to threatened or pending lawsuits/arbitration that generally arise from the normal conduct of business. Some of these suits may seek class action status and sometimes include claims for substantial compensatory, consequential or punitive damages and other types of relief. Directed Services LLC is not involved in any legal proceeding which, in the opinion of management, is likely to have a material adverse effect on its ability to distribute the contract.

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FEDERAL TAX CONSIDERATIONS

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Introduction

This section discusses our understanding of current federal income tax laws affecting the contract. Federal income tax treatment of the contract is complex and sometimes uncertain. You should keep the following in mind when reading it:

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Your tax position (or the tax position of the designated beneficiary, as applicable) determines federal taxation

of amounts held or paid out under the contract;

Tax laws change. It is possible that a change in the future could affect contracts issued in the past;

This section addresses some but not all applicable federal income tax rules and does not discuss federal estate

and gift tax implications, state and local taxes, or any other tax provisions; and

We do not make any guarantee about the tax treatment of the contract or transactions involving the contract.

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We do not intend this information to be tax advice. For advice about the effect of federal income taxes or any other taxes on amounts held or paid out under the contract, consult a tax adviser. For more comprehensive information, contact the Internal Revenue Service (IRS).

Types of Contracts: Non-Qualified or Qualified

The Contract may be purchased on a non-tax-qualified basis (non-qualified contracts) or purchased on a tax-qualified basis (qualified contracts).

Non-qualified contracts are purchased with after tax contributions and are not related to retirement plans that receive special income tax treatment under the Tax Code.

Qualified Contracts are designed for use by individuals whose premium payments are comprised solely of proceeds from and/or contributions under retirement plans that are intended to qualify for special income tax treatment under Sections 401, 408 or 408A, and some provisions of 403 and 457 of the Tax Code.

Effective January 1, 2009, except in the case of a rollover contribution as permitted under the Tax Code or as a result of an intra-plan exchange or plan-to-plan transfer described under the Final Regulations, contributions to a section 403(b) tax sheltered annuity contract may only be made by the Employer sponsoring the Plan under which the assets in your contract are covered subject to the applicable Treasury Regulations and only if the Company, in its sole discretion, agrees to be an approved provider.

Taxation of Non-Qualified Contracts

Contributions

You may not deduct the amount of your contributions to a non-qualified contract.

Taxation of Gains Prior to Distribution

Tax Code Section 72 governs taxation of annuities in general. We believe that if you are a natural person you will generally not be taxed on increases in the value of a non-qualified Contract until a distribution occurs or until annuity payments begin. This assumes that the Contract will qualify as an annuity contract for federal income tax purposes. For these purposes, the agreement to assign or pledge any portion of the contract value generally will be treated as a distribution. In order to be eligible to receive deferral of taxation, the following requirements must be satisfied:

Diversification. Tax Code Section 817(h) requires that in a nonqualified contract the investments of the funds be “adequately diversified” in accordance with Treasury Regulations in order for the Contract to qualify as an annuity contract under federal tax law. The separate account, through the funds, intends to comply with the diversification requirements prescribed by Tax Code Section 817(h) and by the Treasury in Reg. Sec. 1.817-5, which affects how the funds’ assets may be invested. If it is determined, however, that your Contract does not satisfy the applicable diversification requirements and rulings because a subaccount’s corresponding fund fails to be

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adequately diversified for whatever reason, we will take appropriate steps to bring your Contract into compliance with such regulations and rulings, and we reserve the right to modify your Contract as necessary to do so.

Investor Control. Although earnings under non-qualified contracts are generally not taxed until withdrawn, the IRS has stated in published rulings that a variable contract owner will be considered the owner of separate account assets if the contract owner possesses incidents of investment control over the assets. In these circumstances, income and gains from the separate account assets would be currently includible in the variable contract owner’s gross income. Future guidance regarding the extent to which owners could direct their investments among subaccounts without being treated as owners of the underlying assets of the separate account may adversely affect the tax treatment of existing contracts. The Company therefore reserves the right to modify the contract as necessary to attempt to prevent the contract holder from being considered the federal tax owner of a pro rata share of the assets of the separate account.

Required Distributions. In order to be treated as an annuity contract for federal income tax purposes, the Tax Code requires any non-qualified Contract to contain certain provisions specifying how your interest in the Contract will be distributed in the event of your death. The non-qualified Contracts contain provisions that are intended to comply with these Tax Code requirements, although no regulations interpreting these requirements have yet been issued. When such requirements are clarified by regulation or otherwise, we intend to review such distribution provisions and modify them if necessary to assure that they comply with the applicable requirements.

Non-Natural Holders of a Non-Qualified Contract. If you are not a natural person, a non-qualified contract generally is not treated as an annuity for income tax purposes and the income on the contract for the taxable year is currently taxable as ordinary income. Income on the contract is any increase in the contract value over the “investment in the contract” (generally, the premiums or other consideration you paid for the contract less any nontaxable withdrawals) during the taxable year. There are some exceptions to this rule and a non-natural person should consult with its tax adviser prior to purchasing the Contract. When the contract owner is not a natural person, a change in the annuitant is treated as the death of the contract owner.

Delayed Annuity Starting Date. If the Contract’s annuity starting date occurs (or is scheduled to occur) at a time when the annuitant has reached an advanced age (e.g., after age 85), it is possible that the Contract would not be treated as an annuity for federal income tax purposes. In that event, the income and gains under the Contract could be currently includible in your income.

Taxation of Distributions

General. When a withdrawal from a non-qualified Contract occurs, the amount received will be treated as ordinary income subject to tax up to an amount equal to the excess (if any) of the contract value (unreduced by the amount of any surrender charge) immediately before the distribution over the contract owner’s investment in the contract at that time. Investment in the contract is generally equal to the amount of all contributions to the contract, plus amounts previously included in your gross income as the result of certain loans, assignments or gifts, less the aggregate amount of non-taxable distributions previously made.

In the case of a surrender under a non-qualified Contract, the amount received generally will be taxable only to the extent it exceeds the contract owner’s investment in the contract (cost basis).

10% Penalty Tax. A distribution from a non-qualified Contract may be subject to a federal tax penalty equal to 10% of the amount treated as income. In general, however, there is no penalty on distributions:

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made on or after the taxpayer reaches age 59½;

made on or after the death of a contract owner (the annuitant if the contract owner is a non-natural

person);

attributable to the taxpayer’s becoming disabled as defined in the Tax Code;

made as part of a series of substantially equal periodic payments (at least annually) over your life or life

expectancy or the joint lives or joint life expectancies of you and your designated beneficiary; or

the distribution is allocable to investment in the contract before August 14, 1982.

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The 10% penalty does not apply to distributions from an immediate annuity as defined in the Tax Code. Other exceptions may be applicable under certain circumstances and special rules may be applicable in connection with the exceptions enumerated above. A tax adviser should be consulted with regard to exceptions from the penalty tax.

Tax-Free Exchanges. Section 1035 of the Tax Code permits the exchange of a life insurance, endowment or annuity contract for an annuity contract on a tax-free basis. In such instance, the “investment in the contract” in the old contract will carry over to the new contract. You should consult with your tax advisor regarding procedures for making Section 1035 exchanges.

If your Contract is purchased through a tax-free exchange of a life insurance, endowment or annuity contract that was purchased prior to August 14, 1982, then any distributions other than annuity payments will be treated, for tax purposes, as coming:

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First, from any remaining “investment in the contract” made prior to August 14, 1982 and exchanged into

the Contract;

Next, from any “income on the contract” attributable to the investment made prior to August 14, 1982;

Then, from any remaining “income on the contract;” and

Lastly, from any remaining “investment in the contract.”

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The IRS has concluded that in certain instances, the partial exchange of a portion of one annuity contract for another contract will be tax-free. Pursuant to IRS guidance, receipt of withdrawals, surrenders or annuity payments (annuitizations) from either the original contract or the new contract during the 12 month period following the partial exchange may retroactively negate the partial exchange. If the partial exchange is retroactively negated, the partial surrender of the original contract will be treated as a withdrawal, taxable as ordinary income to the extent of gain in the original contract and, if the partial exchange occurred prior to you reaching age 59½ , may be subject to an additional 10% tax penalty. A taxable event may be avoided if requirements identified as a qualifying event are satisfied. We are not responsible for the manner in which any other insurance company, for tax reporting purposes, or the IRS, with respect to the ultimate tax treatment, recognizes or reports a partial exchange. We strongly advise you to discuss any proposed 1035 exchange or subsequent distribution within 12 months with your tax advisor prior to proceeding with the transaction.

Taxation of Annuity Payments. Although tax consequences may vary depending on the payment option elected under an annuity contract, a portion of each annuity payment is generally not taxed and the remainder is taxed as ordinary income. The non-taxable portion of an annuity payment is generally determined in a manner that is designed to allow you to recover your investment in the contract ratably on a tax-free basis over the expected stream of annuity payments, as determined when annuity payments start. Once your investment in the contract has been fully recovered, however, the full amount of each subsequent annuity payment is subject to tax as ordinary income.

The tax treatment of partial annuitizations is unclear. We currently treat any partial annuitizations as withdrawals rather than as annuity payments. Please consult your tax adviser before electing a partial annuitization.

Death Benefits. Amounts may be distributed from a Contract because of your death or the death of the annuitant. Generally, such amounts are includible in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as a surrender of the Contract, or (ii) if distributed under a payment option, they are taxed in the same way as annuity payments. Special rules may apply to amounts distributed after a Beneficiary has elected to maintain Contract value and receive payments.

Different distribution requirements apply if your death occurs:

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After you begin receiving annuity payments under the Contract; or

Before you begin receiving such distributions.

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If your death occurs after you begin receiving annuity payments, distributions must be made at least as rapidly as under the method in effect at the time of your death.

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If your death occurs before you begin receiving annuity payments, your entire balance must be distributed within five years after the date of your death. For example, if you died on September 1, 2008, your entire balance must be distributed by August 31, 2013. However, if distributions begin within one year of your death, then payments may be made over one of the following timeframes:

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Over the life of the designated beneficiary; or

Over a period not extending beyond the life expectancy of the designated beneficiary.

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If the designated beneficiary is your spouse, the contract may be continued with the surviving spouse as the new contract owner. If the contract owner is a non-natural person and the primary annuitant dies, the same rules apply on the death of the primary annuitant as outlined above for the death of a contract owner.

The Contract offers a death benefit that may exceed the greater of the premium payments and the contract value. Certain charges are imposed with respect to the death benefit. It is possible that these charges (or some portion thereof) could be treated for federal tax purposes as a distribution from the Contract.

Assignments and Other Transfers. A transfer, pledge or assignment of ownership of a non-qualified contract, the selection of certain annuity dates, or the designation of an annuitant or payee other than an owner may result in certain tax consequences to you that are not discussed herein. The assignment, pledge or agreement to assign or pledge any portion of the contract value generally will be treated as a distribution. Anyone contemplating any such transfer, pledge, assignment, or designation or exchange, should consult a tax adviser regarding the potential tax effects of such a transaction.

Immediate Annuities. Under Section 72 of the Tax Code, an immediate annuity means an annuity (1) which is purchased with a single premium, (2) with annuity payments starting within one year from the date of purchase, and (3) which provides a series of substantially equal periodic payments made annually or more frequently. While this Contract is not designed as an immediate annuity, treatment as an immediate annuity would have significance with respect to exceptions from the 10% early withdrawal penalty, to contracts owned by non-natural persons, and for certain exchanges.

Multiple Contracts. Tax laws require that all non-qualified deferred annuity contracts that are issued by a company or its affiliates to the same contract owner during any calendar year be treated as one annuity contract for purposes of determining the amount includible in gross income under Tax Code Section 72(e). In addition, the Treasury Department has specific authority to issue regulations that prevent the avoidance of Tax Code Section 72(e) through the serial purchase of annuity contracts or otherwise.

Withholding. We will withhold and remit to the IRS a part of the taxable portion of each distribution made under a Contract unless the distributee notifies us at or before the time of the distribution that he or she elects not to have any amounts withheld. Withholding is mandatory, however, if the distributee fails to provide a valid taxpayer identification number or if we are notified by the IRS that the taxpayer identification number we have on file is incorrect. The withholding rates applicable to the taxable portion of periodic annuity payments are the same as the withholding rates generally applicable to payments of wages. In addition, a 10% withholding rate applies to the taxable portion of non-periodic payments. Regardless of whether you elect to have federal income tax withheld, you are still liable for payment of federal income tax on the taxable portion of the payment.

Certain states have indicated that state income tax withholding will also apply to payments from the contracts made to residents. Generally, an election out of federal withholding will also be considered an election out of state withholding. In some states, you may elect out of state withholding, even if federal withholding applies. If you need more information concerning a particular state or any required forms, please contact our Customer Service Center.

If you or your designated beneficiary is a non-resident alien, then any withholding is governed by Tax Code Section 1441 based on the individual’s citizenship, the country of domicile and treaty status, and we may require additional documentation prior to processing any requested transaction.

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Taxation of Qualified Contracts

General

The Contracts are primarily designed for use with IRAs under Tax Code Sections 401, 408 or 408A, and some provisions of 403 and 457 (We refer to all of these as “qualified plans”). The tax rules applicable to participants in these qualified plans vary according to the type of plan and the terms and conditions of the plan itself. The ultimate effect of federal income taxes on the amounts held under a Contract, or on annuity payments, depends on the type of retirement plan and your tax status. Special favorable tax treatment may be available for certain types of contributions and distributions. In addition, certain requirements must be satisfied in purchasing a qualified contract with proceeds from a tax-qualified plan in order to continue receiving favorable tax treatment.

Adverse tax consequences may result from: contributions in excess of specified limits; distributions before age 59½ (subject to certain exceptions); distributions that do not conform to specified commencement and minimum distribution rules; and in other specified circumstances. Some qualified plans may be subject to additional distribution or other requirements that are not incorporated into the Contract. No attempt is made to provide more than general information about the use of the Contracts with qualified plans. Contract owners, annuitants, and beneficiaries are cautioned that the rights of any person to any benefits under these qualified plans may be subject to the terms and conditions of the plans themselves, regardless of the terms and conditions of the Contract. The Company is not bound by the terms and conditions of such plans to the extent such terms contradict the Contract, unless we consent.

Contract owners and beneficiaries generally are responsible for determining that contributions, distributions and other transactions with respect to the contract comply with applicable law. Therefore, you should seek competent legal and tax advice regarding the suitability of a contract for your particular situation. The following discussion assumes that qualified contracts are purchased with proceeds from and/or contributions under retirement plans or programs that qualify for the intended special federal tax treatment.

Tax Deferral

Under the federal tax laws, earnings on amounts held in annuity contracts are generally not taxed until they are withdrawn. However, in the case of a qualified plan (as defined in this prospectus), an annuity contract is not necessary to obtain this favorable tax treatment and does not provide any tax benefits beyond the deferral already available to the qualified plan itself. Annuities do provide other features and benefits (such as guaranteed living benefits and/or death benefits or the option of lifetime income phase options at established rates) that may be valuable to you. You should discuss your alternatives with your financial representative taking into account the additional fees and expenses you may incur in an annuity.

Section 401(a), 401(k), Roth 401(k), and 403(a) Plans. Sections 401(a), 401(k), and 403(a) of the Tax Code permit certain employers to establish various types of retirement plans for employees, and permits self-employed individuals to establish these plans for themselves and their employees. These retirement plans may permit the purchase of Contracts to accumulate retirement savings under the plans. Employers intending to use the Contract with such plans should seek competent legal advice.

The contracts may also be available as a Roth 401(k), as described in Tax Code Section 402A, and we may set up accounts for you under the Contract for Roth 401(k) contributions (“Roth 401(k) accounts”). Tax Code Section 402A allows employees of certain private employers to contribute after-tax salary contributions to a Roth 401(k), which provides for tax-free distributions, subject to certain restrictions.

Individual Retirement Annuities. Section 408 of the Tax Code permits eligible individuals to contribute to an individual retirement program known as an Individual Retirement Annuity (“IRA”). IRAs are subject to limits on the amounts that can be contributed, the deductible amount of the contribution, the persons who may be eligible, and the time when distributions commence. Contributions to IRAs must be made in cash or as a rollover or a transfer from another eligible plan. Also, distributions from IRAs, individual retirement accounts, and other types of retirement plans may be “rolled over” on a tax-deferred basis into an IRA. If you make a tax-free rollover of a distribution from an IRA you may not make another tax-free rollover from the IRA within a 1-year period. Sales of the contract for use with IRAs may be subject to special requirements of the IRS.

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The IRS has not reviewed the contracts described in this prospectus for qualification as IRAs and has not addressed, in a ruling of general applicability, whether the contract’s death benefit provisions comply with IRS qualification requirements.

Roth IRAs. Section 408A of the Tax Code permits certain eligible individuals to contribute to a Roth IRA. Contributions to a Roth IRA are subject to limits on the amount of contributions and the persons who may be eligible to contribute, are not deductible, and must be made in cash or as a rollover or transfer from another Roth IRA or other IRA. Certain qualifying individuals may convert an IRA, SEP, or a SIMPLE to a Roth IRA. Such rollovers and conversions are subject to tax, and other special rules may apply. If you make a tax-free rollover of a distribution from a Roth IRA to another Roth IRA, you may not make another tax-free rollover from the Roth IRA within a 1-year period. A 10% penalty may apply to amounts attributable to a conversion to a Roth IRA if the amounts are distributed during the five taxable years beginning with the year in which the conversion was made.

Sales of a contract for use with a Roth IRA may be subject to special requirements of the IRS. The IRS has not reviewed the contracts described in this prospectus for qualification as IRAs and has not addressed, in a ruling of general applicability, whether the contract’s death benefit provisions comply with IRS qualification requirements.

Section 403(b) Tax-Sheltered Annuities. The contracts are no longer available for purchase as Tax Code section 403(b) tax-sheltered annuities. Existing contracts issued as Tax Code section 403(b) tax-sheltered annuities will continue to be maintained as such under the applicable rules and regulations.

The Treasury Department has issued regulations which generally take effect on January 1, 2009. Existing contracts will be modified as necessary to comply with these regulations where allowed, or where required by law in order to maintain their status as section 403(b) tax-sheltered annuities. The final regulations include: (a) the ability to terminate a 403(b) plan, which would entitle a participant to a distribution; (b) the revocation of IRS Revenue Ruling 90-24, and the resulting increase in restrictions on a participant’s right to transfer his or her 403(b) accounts; and (3) the imposition of withdrawal restrictions on non-salary reduction contribution amounts, as well as other changes.

Contributions

In order to be excludable from gross income for federal income tax purposes, total annual contributions to certain qualified plans are limited by the Tax Code. You should consult with your tax adviser in connection with contributions to a qualified contract.

Distributions – General

Certain tax rules apply to distributions from the Contract. A distribution is any amount taken from a Contract including withdrawals, annuity payments, rollovers, exchanges and death benefit proceeds. We report the taxable portion of all distributions to the IRS.

Section 401(a), 401(k) and 403(a) Plans. Distributions from these plans are taxed as received unless one of the following is true:

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The distribution is an eligible rollover distribution and is rolled over to another plan eligible to receive

rollovers or to a traditional IRA in accordance with the Tax Code;

You made after-tax contributions to the plan. In this case, depending upon the type of distribution, the

amount will be taxed according to the rules detailed in the Tax Code; or

The distribution is a qualified health insurance premium of a retired safety officer as defined in the

Pension Protection Act of 2006.

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A payment is an eligible rollover distribution unless it is:

part of a series of substantially equal periodic payments (at least one per year) made over the life

expectancy of the participant or the joint life expectancy of the participant and his designated beneficiary

or for a specified period of 10 years or more;

a required minimum distribution under Tax Code Section 401(a)(9);

a hardship withdrawal;

otherwise excludable from income; or

Not recognized under applicable regulations as eligible for rollover.

The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from a Contract used with a

401(a), 401(k) or 403(a) plan unless certain exceptions, including one or more of the following, have occurred:

You have attained age 59½;

You have become disabled, as defined in the Tax Code;

You have died and the distribution is to your beneficiary;

You have separated from service with the sponsor at or after age 55;

The distribution amount is rolled over into another eligible retirement plan or to an IRA in accordance

with the terms of the Tax Code;

You have separated from service with the plan sponsor and the distribution amount is made in

substantially equal periodic payments (at least annually) over your life or the life expectancy or the joint

lives or joint life expectancies of you and your designated beneficiary;

The distribution is made due to an IRS levy upon your plan;

The withdrawal amount is paid to an alternate payee under a Qualified Domestic Relations Order

(QDRO); or

The distribution is a qualified reservist distribution as defined under the Pension Protection Act of 2006

(401(k) plans only).

In addition, the 10% penalty tax does not apply to the amount of a distribution equal to unreimbursed medical

expenses incurred by you during the taxable year that qualify for deduction as specified in the Tax Code. The Tax

Code may provide other exceptions or impose other penalties in other circumstances.

Individual Retirement Annuities. All distributions from an IRA are taxed as received unless either one of

the following is true:

The distribution is rolled over to another IRA or to a plan eligible to receive rollovers as permitted under

the Tax Code; or

You made after-tax contributions to the IRA. In this case, the distribution will be taxed according to rules

detailed in the Tax Code.

The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from an IRA unless certain

exceptions, including one or more of the following, have occurred:

You have attained age 59½;

You have become disabled, as defined in the Tax Code;

You have died and the distribution is to your beneficiary;

The distribution amount is rolled over into another eligible retirement plan or to an IRA in accordance

with the terms of the Tax Code;

The distribution is made due to an IRS levy upon your plan;

The withdrawal amount is paid to an alternate payee under a Qualified Domestic Relations Order

(QDRO); or

The distribution is a qualified reservist distribution as defined under the Pension Protection Act of 2006.

In addition, the 10% penalty tax does not apply to a distribution made from an IRA to pay for health insurance

premiums for certain unemployed individuals, a qualified first-time home purchase, or for higher education

expenses.

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Roth IRAs. A qualified distribution from a Roth IRA is not taxed when it is received. A qualified distribution is a distribution:

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Made after the five-taxable year period beginning with the first taxable year for which a contribution was

made to a Roth IRA of the owner; and

Made after you attain age 59½, die, become disabled as defined in the Tax Code, or for a qualified first-

time home purchase.

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If a distribution is not qualified, generally it will be taxable to the extent of the accumulated earnings. A partial distribution will first be treated as a return of contributions which is not taxable and then as taxable accumulated earnings.

The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from a Roth IRA that is not a qualified distribution unless certain exceptions have occurred. In general, the exceptions for an IRA listed above also apply to a distribution from a Roth IRA that is not a qualified distribution or a rollover to a Roth IRA that is not a qualified rollover contribution. The 10% penalty tax is also waived on a distribution made from a Roth IRA to pay for health insurance premiums for certain unemployed individuals, used for a qualified first-time home purchase, or for higher education expenses.

403(b) Plans. Distributions from your contract are subject to the requirements of Code Section 403(b), the Treasury Regulations, and, if applicable, the Plan under which the assets in your contract are covered. In accordance with Code Section 403(b) and the Treasury Regulations, we have no responsibility or obligation to make any distribution (including distributions due to loans, annuity payouts, qualified domestic relations orders, hardship withdrawals and systematic distributions options) from your contract until we have received instructions or information from your Employer and/or its designee or, if permitted under Code Section 403(b) and the Treasury Regulations, you in a form acceptable to us and necessary for us to administer your contract in accordance with Code Section 403(b) the Treasury Regulations, and, if applicable, the Plan.

All distributions from these plans are taxed as received unless one of the following is true:

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The distribution is an eligible rollover distribution and is rolled over to another plan eligible to receive

rollovers or to a traditional IRA in accordance with the Tax Code;

You made after-tax contributions to the plan. In this case, depending upon the type of distribution, the

amount will be taxed according to the rules detailed in the Tax Code; or

The distribution is a qualified health insurance premium of a retired public safety officer as defined in the

Pension Protection Act of 2006.

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A payment is an eligible rollover distribution unless it is:

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Part of a series of substantially equal periodic payments (at least one per year) made over the life

expectancy of the participant or the joint life expectancy of the participant and his designated beneficiary

or for a specified period of 10 years or more;

A required minimum distribution under Tax Code section 401(a)(9);

A hardship withdrawal;

Otherwise excludable from income; or

Not recognized under applicable regulations as eligible for rollover.

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The Tax Code imposes a 10% penalty tax on the taxable portion of any distribution from a contract used with a 403(b) plan, unless certain exceptions have occurred. In general, the exceptions for an IRA listed above also apply to a distribution from a 403(b) plan, plus in the event you have separated from service with the sponsor at or after age 55, or you have separated from service with the plan sponsor and the distribution amount is made in substantially equal periodic payments (at least annually) over your life or the life expectancy or the joint lives or joint life expectancies of you and your designated beneficiary. In addition, the 10% penalty tax does not apply to the amount of a distribution equal to unreimbursed medical expenses incurred by you during the taxable year that

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qualify for deduction as specified in the Tax Code. The Tax Code may provide other exceptions or impose other penalty taxes in other circumstances.

Distribution of amounts restricted under Tax Code section 403(b)(11) may only occur upon your death, attainment of age 59½ , severance from employment, disability or financial hardship. Such distributions remain subject to other applicable restrictions under the Tax Code and the regulations.

Special Hurricane-Related Relief. The Katrina Emergency Tax Relief Act and the Gulf Opportunity Zone Act provide tax relief to victims of Hurricanes Katrina, Rita and Wilma. The relief includes a waiver of the 10% penalty tax on qualified hurricane distributions from eligible retirement plans. In addition, the 20% mandatory withholding rules do not apply to these distributions and the tax may be spread out ratably over a three-year period. A recipient of a qualified hurricane distribution may also elect to re-contribute all or a portion of the distribution to an eligible retirement plan within three (3) years of receipt without tax consequences. Other relief may also apply. You should consult a competent tax adviser for further information.

Lifetime Required Minimum Distributions (Sections 401(a), 401(k), Roth 401(k), 403(a), 403(b) and IRAs only).

To avoid certain tax penalties, you and any designated beneficiary must also meet the minimum distribution requirements imposed by the Tax Code. These rules may dictate the following:

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Start date for distributions;

The time period in which all amounts in your account(s) must be distributed; and

Distribution amounts.

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Start Date and Time Period. Generally, you must begin receiving distributions by April 1 of the calendar year following the calendar year in which you attain age 70½. We must pay out distributions from the contract over a period not extending beyond one of the following time periods:

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Over your life or the joint lives of you and your designated beneficiary; or

Over a period not greater than your life expectancy or the joint life expectancies of you and your

designated beneficiary.

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Distribution Amounts. The amount of each required distribution must be calculated in accordance with Tax Code Section 401(a)(9). The entire interest in the account includes the amount of any outstanding rollover, transfer, recharacterization, if applicable, and the actuarial present value of other benefits provided under the account, such as guaranteed death benefits.

50% Excise Tax. If you fail to receive the minimum required distribution for any tax year, a 50% excise tax may be imposed on the required amount that was not distributed.

Lifetime Required Minimum Distributions are not applicable to Roth IRAs during your lifetime. Further information regarding required minimum distributions may be found in your contract.

Required Distributions Upon Death (Sections 401(a), 401(k), Roth 401(k), 403(a), 403(b), IRAs and Roth IRAs Only). Different distribution requirements apply after your death, depending upon if you have been receiving required minimum distributions. Further information regarding required distributions upon death may be found in your contract.

If your death occurs on or after you begin receiving minimum distributions under the contract, distributions generally must be made at least as rapidly as under the method in effect at the time of your death. Tax Code Section 401(a)(9) provides specific rules for calculating the required minimum distributions after your death.

If your death occurs before you begin receiving minimum distributions under the contract, your entire balance must be distributed by December 31 of the calendar year containing the fifth anniversary of the date of your death. For example, if you died on September 1, 2006, your entire balance must be distributed to the designated beneficiary by

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December 31, 2011. However, if distributions begin by December 31 of the calendar year following the calendar year of your death, and you have named a designated beneficiary, then payments may be made over either of the following time frames:

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Over the life of the designated beneficiary; or

Over a period not extending beyond the life expectancy of the designated beneficiary.

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Start Dates for Spousal Beneficiaries. If the designated beneficiary is your spouse, distributions must begin on or before the later of the following:

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December 31 of the calendar year following the calendar year of your death; or

December 31 of the calendar year in which you would have attained age 70½.

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No designated beneficiary. If there is no designated beneficiary, the entire interest generally must be distributed by the end of the calendar containing the fifth anniversary of the contract owner’s death.

Special Rule for IRA Spousal Beneficiaries (IRAs and Roth IRAs Only). In lieu of taking a distribution under these rules, if the sole designated beneficiary is the contract owner’s surviving spouse, the spousal beneficiary may elect to treat the contract as his or her own IRA and defer taking a distribution until his or her own start date. The surviving spouse is deemed to have made such an election if the surviving spouse makes a rollover to or from the contract or fails to take a distribution within the required time period.

Withholding

Any taxable distributions under the contract are generally subject to withholding. Federal income tax liability rates vary according to the type of distribution and the recipient’s tax status.

401(a), 401(k), Roth 401(k), 403(a) and 403(b). Generally, distributions from these plans are subject to mandatory 20% federal income tax withholding. However, mandatory withholding will not be required if you elect a direct rollover of the distributions to an eligible retirement plan or in the case of certain distributions described in the Tax Code.

IRAs and Roth IRAs. Generally, you or, if applicable, a designated beneficiary may elect not to have tax withheld from distributions.

Non-resident Aliens. If you or your designated beneficiary is a non-resident alien, then any withholding is governed by Tax Code section 1441 based on the individual’s citizenship, the country of domicile and treaty status, and we may require additional documentation prior to processing any requested distribution.

Assignment and Other Transfers

IRAS and Roth IRAs. The Tax Code does not allow a transfer or assignment of your rights under these contracts except in limited circumstances. Adverse tax consequences may result if you assign or transfer your interest in the contract to persons other than your spouse incident to a divorce. Anyone contemplating such an assignment or transfer should contact a qualified tax adviser regarding the potential tax effects of such a transaction.

Section 403(b) Plans. Adverse tax consequences to the plan and/or to you may result if your beneficial interest in the contract is assigned or transferred to persons other than:

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A plan participant as a means to provide benefit payments;

An alternate payee under a qualified domestic relations order in accordance with Tax Code section

414(p); or

The Company as collateral for a loan.

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Tax Consequences of Living Benefits and Death Benefit

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Living Benefits. Except as otherwise noted below, when a withdrawal from a nonqualified contract occurs under the ING LifePay Plus or ING LifePay Plus rider, the amount received will be treated as ordinary income subject to tax up to an amount equal to the excess (if any) of the contract value (unreduced by the amount of any deferred sales charge) immediately before the distribution over the contract owner’s investment in the contract at that time.

Investment in the contract is generally equal to the amount of all contributions to the contract, plus amounts previously included in your gross income as the result of certain loans, assignments, or gifts, less the aggregate amount of non-taxable distributions previously made. For nonqualified contracts, the income on the contract for purposes of calculating the taxable amount of a distribution may be unclear. For example, the living benefits provided under the ING LifePay Plus or ING Joint LifePay Plus rider, as well as the market value adjustment, could increase the contract value that applies. Thus, the income on the contract could be higher than the amount of income that would be determined without regard to such a benefit. As a result, you could have higher amounts of income than will be reported to you. In addition, payments under any guaranteed payment phase of such riders after the contract value has been reduced to zero may be subject to the exclusion ratio rules under Tax Code Section 72(b) for tax purposes.

The tax treatment of partial annuitizations is unclear. We currently treat any partial annuitization, such as those associated with the minimum guaranteed income benefit as withdrawals rather than annuity payments. Please consult your tax adviser before electing a partial annuitization.

Enhanced Death Benefits. The Contract offers a death benefit that may exceed the greater of the premium payments and the contract value. It is possible that the IRS could characterize such a death benefit as an incidental death benefit. In addition, the provision of such benefits may result in currently taxable income to contract owners, and the presence of the death benefit could affect the amount of required minimum distributions. Finally, certain charges are imposed with respect to some of the available death benefits. It is possible those charges (or some portion thereof) could be treated for federal tax purposes as a distribution from the Contract.

Possible Changes in Taxation

Although the likelihood of legislative change and tax reform is uncertain, there is always the possibility that the tax treatment of the Contracts could change by legislation or other means. It is also possible that any change could be retroactive (that is, effective before the date of the change). You should consult a tax adviser with respect to legislative developments and their effect on the Contract.

Taxation of Company

We are taxed as a life insurance company under the Tax Code. The Separate Account is not a separate entity from us. Therefore, it is not taxed separately as a “regulated investment company,” but is taxed as part of the Company.

We automatically apply investment income and capital gains attributable to the separate account to increase reserves under the contracts. Because of this, under existing federal tax law we believe that any such income and gains will not be taxed to the extent that such income and gains are applied to increase reserves under the contracts. In addition, any foreign tax credits attributable to the separate account will be first used to reduce any income taxes imposed on the separate account before being used by the Company.

In summary, we do not expect that we will incur any federal income tax liability attributable to the separate account and we do not intend to make any provision for such taxes. However, changes in federal tax laws and/or their interpretation may result in our being taxed on income or gains attributable to the separate account. In this case, we may impose a charge against the separate account (with respect to some or all of the Contracts) to set aside provisions to pay such taxes. We may deduct this amount from the separate account, including from your account value invested in the subaccounts.

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STATEMENT OF ADDITIONAL INFORMATION

Table of Contents
Item	Page
Introduction	1
Description of ReliaStar Life Insurance Company of New York	1
Separate Account NY-B of ReliaStar Life Insurance Company of New York	1
Safekeeping of Assets	1
The Administrator	1
Independent Registered Public Accounting Firm	2
Distribution of Contracts	2
Published Ratings	2
Accumulation Unit Value	2
Performance Information	3
Other Information	4
Financial Statements of ReliaStar Life Insurance Company of New York	5
Financial Statements of Separate Account NY – B of ReliaStar Life Insurance Company of New York	5
Condensed Financial Information (Accumulation Unit Values)	5

Please tear off, complete and return the form below to order a free Statement of Additional Information for the Contracts offered under the prospectus or the most recent annual report of ReliaStar Life Insurance Company of New York. Send the form to our Customer Service Center at the address shown on the prospectus cover.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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PLEASE SEND ME :

A FREE COPY OF THE STATEMENT OF ADDITIONAL INFORMATION FOR SEPARATE ACCOUNT NY-B

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Please Print or Type:

Name

Social Security Number

Street Address

City, State, Zip

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APPENDIX A

The following tables show the Condensed Financial Information (accumulation unit values for the periods indicated and number of units outstanding) by subaccount for a Contract with the lowest and highest combination of asset-based charges. This information is current through December 31, 2008, including portfolio names, and derives from the financial statements of the Separate Account, which together constitute the Separate Account’s Condensed Financial Information. Complete information is available in the SAI. Contact our Customer Service Center to obtain your copy free of charge. Please ask us about where you can find more timely information.

CONDENSED FINANCIAL INFORMATION

Except for subaccounts which did not commence operations as of December 31, 2008, the following tables give (1) the accumulation unit value ("AUV") at the beginning of the period, (2) the AUV at the end of the period and (3) the total number of accumulation units outstanding at the end of the period for each subaccount of ReliaStar Life Insurance Company of NY Separate Account NY-B available under the Contract for the indicated periods.


	Separate Account Annual Charges of 1.05%

	2008	2007	2006	2005	2004	2003

COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during April 2006)
Value at beginning of period	$12.97	$13.46	$12.99
Value at end of period	$9.22	$12.97	$13.46
Number of accumulation units outstanding at end of period	0	222	222
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$18.57	$16.00	$14.51	$12.57	$11.03	$10.00
Value at end of period	$10.53	$18.57	$16.00	$14.51	$12.57	$11.03
Number of accumulation units outstanding at end of period	11,829	13,703	14,467	10,615	10,696	5,194
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.85	$13.83	$11.65	$11.15	$10.13	$10.00
Value at end of period	$7.84	$13.85	$13.83	$11.65	$11.15	$10.13
Number of accumulation units outstanding at end of period	6,136	6,243	12,728	12,851	13,601	5,826
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.60	$14.13	$12.46	$11.95	$11.00	$10.00
Value at end of period	$8.93	$14.60	$14.13	$12.46	$11.95	$11.00
Number of accumulation units outstanding at end of period	8,887	9,060	8,448	9,861	8,407	144
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$16.39	$14.82	$13.66	$11.94	$10.79
Value at end of period	$9.04	$16.39	$14.82	$13.66	$11.94
Number of accumulation units outstanding at end of period	10,818	10,920	10,653	11,813	12,165
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$22.61	$19.14	$16.34	$13.66	$11.76
Value at end of period	$12.87	$22.61	$19.14	$16.34	$13.66
Number of accumulation units outstanding at end of period	671	699	723	844	983

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during August 2005)
Value at beginning of period	$13.21	$12.58	$11.03	$11.00
Value at end of period	$7.68	$13.21	$12.58	$11.03
Number of accumulation units outstanding at end of period	381	406	430	455
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.06	$12.36	$11.66	$10.92
Value at end of period	$7.87	$13.06	$12.36	$11.66
Number of accumulation units outstanding at end of period	1,886	1,886	1,888	1,889
ING BLACKROCK LARGE CAP VALUE PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$13.32	$12.91	$12.32
Value at end of period	$8.53	$13.32	$12.91
Number of accumulation units outstanding at end of period	0	844	844
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.13	$12.23	$10.85	$9.93	$8.61
Value at end of period	$9.27	$13.13	$12.23	$10.85	$9.93
Number of accumulation units outstanding at end of period	3,475	3,615	3,642	6,400	880
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.48	$11.30	$10.82	$10.54
Value at end of period	$8.95	$12.48	$11.30	$10.82
Number of accumulation units outstanding at end of period	1,063	1,063	1,063	1,062
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$11.12	$10.95	$10.94
Value at end of period	$7.79	$11.12	$10.95
Number of accumulation units outstanding at end of period	0	1,690	1,878
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during August 2007)
Value at beginning of period	$11.92	$11.71
Value at end of period	$7.34	$11.92
Number of accumulation units outstanding at end of period	2,264	2,470
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$21.25	$16.12	$16.27
Value at end of period	$12.41	$21.25	$16.12
Number of accumulation units outstanding at end of period	1,531	243	177
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$19.17	$16.03	$14.22
Value at end of period	$9.68	$19.17	$16.03
Number of accumulation units outstanding at end of period	2,098	2,549	406
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$25.34	$18.49	$16.05
Value at end of period	$12.22	$25.34	$18.49
Number of accumulation units outstanding at end of period	1,606	1,896	2,026

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.67	$17.45	$15.14	$14.10	$11.82	$10.00
Value at end of period	$11.71	$17.67	$17.45	$15.14	$14.10	$11.82
Number of accumulation units outstanding at end of period	1,121	1,834	1,980	2,059	1,643	1,642
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.99	$15.41	$13.35	$13.01	$10.44	$10.00
Value at end of period	$10.39	$14.99	$15.41	$13.35	$13.01	$10.44
Number of accumulation units outstanding at end of period	960	1,170	2,451	2,307	1,799	185
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.39	$12.67	$10.66	$10.42
Value at end of period	$7.42	$12.39	$12.67	$10.66
Number of accumulation units outstanding at end of period	1,421	4,768	5,429	8,760
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$21.00	$18.22	$15.61
Value at end of period	$11.71	$21.00	$18.22
Number of accumulation units outstanding at end of period	0	64	64
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.63	$14.04	$12.90	$11.63
Value at end of period	$8.18	$13.63	$14.04	$12.90
Number of accumulation units outstanding at end of period	575	575	575	575
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.98	$10.73	$10.18	$9.71	$8.62	$10.00
Value at end of period	$4.40	$9.98	$10.73	$10.18	$9.71	$8.62
Number of accumulation units outstanding at end of period	4,450	4,080	3,898	3,879	3,878	2,679
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.00
Value at end of period	$10.23
Number of accumulation units outstanding at end of period	62
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during October 2006)
Value at beginning of period	$13.87	$13.49	$12.76
Value at end of period	$8.70	$13.87	$13.49
Number of accumulation units outstanding at end of period	883	884	885
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$13.38	$12.92	$11.79
Value at end of period	$9.06	$13.38	$12.92
Number of accumulation units outstanding at end of period	19,774	19,209	21,171
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$12.96	$12.47	$11.82
Value at end of period	$9.49	$12.96	$12.47
Number of accumulation units outstanding at end of period	1,984	5,243	5,250

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING LIQUID ASSETS PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$18.10	$17.43	$16.99
Value at end of period	$18.35	$18.10	$17.43
Number of accumulation units outstanding at end of period	58,287	717	102
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$18.22	$15.27	$12.45	$11.23
Value at end of period	$9.10	$18.22	$15.27	$12.45
Number of accumulation units outstanding at end of period	1,219	1,819	2,008	1,435
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$29.19	$28.36	$25.61	$25.15	$22.87	$10.00
Value at end of period	$22.43	$29.19	$28.36	$25.61	$25.15	$22.87
Number of accumulation units outstanding at end of period	3,722	5,912	5,626	5,933	5,121	1,397
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.82	$14.05	$12.03	$10.06
Value at end of period	$8.75	$14.82	$14.05	$12.03
Number of accumulation units outstanding at end of period	3,548	3,746	3,925	4,136
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$16.97	$16.13	$13.86	$12.37	$10.87	$10.00
Value at end of period	$10.00	$16.97	$16.13	$13.86	$12.37	$10.87
Number of accumulation units outstanding at end of period	811	812	813	202	3,726	1,123
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$26.34	$25.53	$22.44	$21.45	$19.21	$10.00
Value at end of period	$15.98	$26.34	$25.53	$22.44	$21.45	$19.21
Number of accumulation units outstanding at end of period	663	663	663	753	607	607
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.88	$14.73	$14.27	$14.07	$13.56	$10.00
Value at end of period	$16.38	$15.88	$14.73	$14.27	$14.07	$13.56
Number of accumulation units outstanding at end of period	6,600	8,528	8,574	8,560	8,679	2,680
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.29	$12.07	$11.20	$10.85	$10.00
Value at end of period	$9.42	$12.29	$12.07	$11.20	$10.85
Number of accumulation units outstanding at end of period	2,074	5,386	6,722	6,615	6,112
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.06
Value at end of period	$6.99
Number of accumulation units outstanding at end of period	3,531
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.92	$12.51	$11.03	$10.79
Value at end of period	$9.27	$12.92	$12.51	$11.03
Number of accumulation units outstanding at end of period	1,473	414	438	463

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.86	$13.59	$11.53	$11.02
Value at end of period	$8.82	$13.86	$13.59	$11.53
Number of accumulation units outstanding at end of period	0	486	486	540
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$12.78	$11.21	$9.79
Value at end of period	$7.51	$12.78	$11.21
Number of accumulation units outstanding at end of period	1,869	1,870	1,871
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.65	$13.66	$12.08	$11.17
Value at end of period	$8.10	$13.65	$13.66	$12.08
Number of accumulation units outstanding at end of period	598	598	598	598
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$14.84
Value at end of period	$7.86
Number of accumulation units outstanding at end of period	3,628
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.00	$14.47	$12.62	$12.33	$10.67	$10.00
Value at end of period	$8.80	$14.00	$14.47	$12.62	$12.33	$10.67
Number of accumulation units outstanding at end of period	6,489	6,843	6,890	7,029	6,994	5,965
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$17.86	$21.94	$16.11	$13.55
Value at end of period	$10.86	$17.86	$21.94	$16.11
Number of accumulation units outstanding at end of period	529	613	668	583
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.05	$11.63	$10.28	$9.88	$9.06	$10.00
Value at end of period	$7.47	$12.05	$11.63	$10.28	$9.88	$9.06
Number of accumulation units outstanding at end of period	9,181	13,755	14,665	15,902	17,336	2,261
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.96	$15.33	$14.19	$12.94	$11.24	$10.00
Value at end of period	$9.83	$15.96	$15.33	$14.19	$12.94	$11.24
Number of accumulation units outstanding at end of period	3,194	4,643	4,910	5,208	5,699	2,393
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.48	$16.73	$14.90	$14.02	$11.64	$10.00
Value at end of period	$10.16	$15.48	$16.73	$14.90	$14.02	$11.64
Number of accumulation units outstanding at end of period	218	942	1,659	1,840	1,842	1,049
ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$10.87	$10.40	$10.00
Value at end of period	$9.83	$10.87	$10.40
Number of accumulation units outstanding at end of period	0	1,815	1,945

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$7.70	$8.21	$7.54	$8.27	$8.75
Value at end of period	$4.73	$7.70	$8.21	$7.54	$8.27
Number of accumulation units outstanding at end of period	687	3,057	3,231	528	528



	Separate Account Annual Charges of 2.10%

	2008	2007	2006	2005	2004

AIM V.I. LEISURE FUND
(Fund first available during May 2003)
Value at beginning of period	$13.56	$13.96	$11.44	$11.71
Value at end of period	$7.56	$13.56	$13.96	$11.44
Number of accumulation units outstanding at end of period	2,072	1,735	1,934	1,026
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during September 2008)
Value at beginning of period	$9.11
Value at end of period	$7.95
Number of accumulation units outstanding at end of period	2,087
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.13	$14.04	$12.87	$11.27	$11.03
Value at end of period	$9.05	$16.13	$14.04	$12.87	$11.27
Number of accumulation units outstanding at end of period	5,528	5,426	2,689	925	138
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.10	$13.21	$11.25	$10.92
Value at end of period	$7.33	$13.10	$13.21	$11.25
Number of accumulation units outstanding at end of period	2,953	1,735	1,468	791
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Funds were first received in this option during September 2007)
Value at beginning of period	$13.59	$14.12
Value at end of period	$7.13	$13.59
Number of accumulation units outstanding at end of period	1,388	654
ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$10.01
Value at end of period	$8.79
Number of accumulation units outstanding at end of period	5,198
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.86	$12.57	$11.20	$10.86	$10.64
Value at end of period	$7.78	$12.86	$12.57	$11.20	$10.86
Number of accumulation units outstanding at end of period	12,582	9,576	4,148	959	143

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.93	$13.65	$12.71	$11.23	$10.90
Value at end of period	$8.14	$14.93	$13.65	$12.71	$11.23
Number of accumulation units outstanding at end of period	90,878	90,235	4,612	1,046	420
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$18.41	$15.75	$13.59	$11.59
Value at end of period	$10.37	$18.41	$15.75	$13.59
Number of accumulation units outstanding at end of period	7,898	8,465	4,059	885
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$12.83	$12.36	$11.57
Value at end of period	$7.38	$12.83	$12.36
Number of accumulation units outstanding at end of period	3,615	2,189	548
ING BLACKROCK GLOBAL SCIENCE AND TECHNOLOGY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.99
Value at end of period	$6.47
Number of accumulation units outstanding at end of period	1,455
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$12.69	$13.12
Value at end of period	$7.57	$12.69
Number of accumulation units outstanding at end of period	4,010	771
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.09	$10.68
Value at end of period	$6.51	$10.09
Number of accumulation units outstanding at end of period	939	967
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Funds were first received in this option during February 2007)
Value at beginning of period	$11.26	$11.31
Value at end of period	$6.70	$11.26
Number of accumulation units outstanding at end of period	8,370	3,580
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$8.71
Value at end of period	$9.64
Number of accumulation units outstanding at end of period	211
ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$14.68	$14.13
Value at end of period	$8.75	$14.68
Number of accumulation units outstanding at end of period	1,718	2,576
ING FRANKLIN INCOME PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.93	$11.46
Value at end of period	$7.57	$10.93
Number of accumulation units outstanding at end of period	267	15,862

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.83	$12.53
Value at end of period	$7.21	$11.83
Number of accumulation units outstanding at end of period	1,686	1,785
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.56	$10.19
Value at end of period	$6.02	$9.56
Number of accumulation units outstanding at end of period	2,306	2,267
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$20.65	$15.83	$13.98
Value at end of period	$11.93	$20.65	$15.83
Number of accumulation units outstanding at end of period	3,225	1,360	449
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$19.15	$16.18	$14.03
Value at end of period	$9.56	$19.15	$16.18
Number of accumulation units outstanding at end of period	1,109	251	452
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$24.62	$18.16	$14.54
Value at end of period	$11.75	$24.62	$18.16
Number of accumulation units outstanding at end of period	2,235	2,483	449
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.19	$13.70	$12.00	$11.49
Value at end of period	$9.04	$13.19	$13.70	$12.00
Number of accumulation units outstanding at end of period	5,335	4,846	3,681	1,562
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$12.04	$13.59
Value at end of period	$7.13	$12.04
Number of accumulation units outstanding at end of period	407	392
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$19.44	$17.05	$14.13
Value at end of period	$10.73	$19.44	$17.05
Number of accumulation units outstanding at end of period	5,688	4,038	618
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$12.42	$13.66
Value at end of period	$7.37	$12.42
Number of accumulation units outstanding at end of period	394	380
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.46	$12.46	$11.95	$11.07
Value at end of period	$5.00	$11.46	$12.46	$11.95
Number of accumulation units outstanding at end of period	8,841	8,326	3,905	764

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$14.13	$13.98	$12.61
Value at end of period	$8.05	$14.13	$13.98
Number of accumulation units outstanding at end of period	3,437	3,509	6,409
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.51	$13.28	$11.75	$11.10
Value at end of period	$8.38	$13.51	$13.28	$11.75
Number of accumulation units outstanding at end of period	20,809	21,046	3,171	1,449
ING LIQUID ASSETS PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.61
Value at end of period	$10.60
Number of accumulation units outstanding at end of period	19,925
ING MARSICO GROWTH PORTFOLIO
(Funds were first received in this option during September 2007)
Value at beginning of period	$13.95	$13.99
Value at end of period	$8.15	$13.95
Number of accumulation units outstanding at end of period	367	371
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$15.14
Value at end of period	$8.75
Number of accumulation units outstanding at end of period	892
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.06	$11.84	$10.81	$10.70
Value at end of period	$9.17	$12.06	$11.84	$10.81
Number of accumulation units outstanding at end of period	4,896	2,391	2,040	1,148
ING MFS UTILITIES PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$18.11	$14.53	$11.73
Value at end of period	$11.05	$18.11	$14.53
Number of accumulation units outstanding at end of period	3,369	2,890	535
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$15.49	$14.88	$12.92	$11.75
Value at end of period	$9.02	$15.49	$14.88	$12.92
Number of accumulation units outstanding at end of period	4,534	4,291	1,968	813
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$13.18	$12.91	$11.48	$11.56
Value at end of period	$7.91	$13.18	$12.91	$11.48
Number of accumulation units outstanding at end of period	3,229	476	103	103
ING PIMCO CORE BOND PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$11.06	$10.31
Value at end of period	$11.29	$11.06
Number of accumulation units outstanding at end of period	11,396	2,841

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING PIMCO HIGH YIELD PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.50	$11.79
Value at end of period	$8.72	$11.50
Number of accumulation units outstanding at end of period	961	1,827
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.32	$11.93	$10.84	$10.82
Value at end of period	$8.07	$12.32	$11.93	$10.84
Number of accumulation units outstanding at end of period	3,309	3,370	3,318	1,743
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.00
Value at end of period	$6.93
Number of accumulation units outstanding at end of period	665
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.56	$12.29	$10.95	$10.64
Value at end of period	$8.91	$12.56	$12.29	$10.95
Number of accumulation units outstanding at end of period	5,703	2,985	2,156	912
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.16	$13.05	$11.19	$10.99
Value at end of period	$8.29	$13.16	$13.05	$11.19
Number of accumulation units outstanding at end of period	2,852	1,995	385	105
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$10.12	$10.29
Value at end of period	$5.71	$10.12
Number of accumulation units outstanding at end of period	2,850	2,772
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$12.55	$12.20
Value at end of period	$7.30	$12.55
Number of accumulation units outstanding at end of period	1,226	392
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$13.69	$14.69
Value at end of period	$8.09	$13.69
Number of accumulation units outstanding at end of period	2,030	1,298
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$13.12	$13.28	$12.17
Value at end of period	$7.70	$13.12	$13.28
Number of accumulation units outstanding at end of period	36	36	36
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$14.37
Value at end of period	$7.55
Number of accumulation units outstanding at end of period	455

Empire Traditions

A10


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.23	$12.78	$11.27	$11.05
Value at end of period	$7.60	$12.23	$12.78	$11.27
Number of accumulation units outstanding at end of period	5,449	5,434	3,025	797
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.02	$11.89	$10.81	$10.86
Value at end of period	$9.00	$12.02	$11.89	$10.81
Number of accumulation units outstanding at end of period	3,362	109	110	109
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.61	$12.56	$11.06	$10.78
Value at end of period	$8.37	$12.61	$12.56	$11.06
Number of accumulation units outstanding at end of period	201	203	728	170
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$12.94	$12.62	$11.65
Value at end of period	$7.93	$12.94	$12.62
Number of accumulation units outstanding at end of period	75	75	75
ING VP INTERMEDIATE BOND PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$10.57	$10.18
Value at end of period	$9.45	$10.57
Number of accumulation units outstanding at end of period	4,170	2,491
ING VP SMALL COMPANY PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.11
Value at end of period	$7.11
Number of accumulation units outstanding at end of period	383
ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$9.65
Value at end of period	$6.04
Number of accumulation units outstanding at end of period	1,607

Empire Traditions

A11

APPENDIX B

The Investment Portfolios

<R>

During the accumulation phase, you may allocate your premium payments and contract value to any of the investment portfolios available under this Contract. They are listed in this appendix, plus any Fixed Interest Allocation. You bear the entire investment risk for amounts you allocate to any investment portfolio, and you may lose your principal.

</R>

The investment results of the mutual funds (funds) are likely to differ significantly and there is no assurance that any of the funds will achieve their respective investment objectives. You should consider the investment objectives, risks and charges and expenses of the funds carefully before investing. Please refer to the fund prospectuses for this and additional information.

Shares of the funds will rise and fall in value and you could lose money by investing in the funds. Shares of the funds are not bank deposits and are not guaranteed, endorsed or insured by any financial institution, the Federal Deposit Insurance Corporation or any other government agency. Except as noted, all funds are diversified, as defined under the Investment Company Act of 1940. Fund prospectuses may be obtained free of charge, from our Customer Service Center at the address and telephone number listed in the prospectus, by accessing the SEC’s web site or by contacting the SEC Public Reference Room.

Certain funds offered under the contracts have investment objectives and policies similar to other funds managed by the fund’s investment adviser. The investment results of a fund may be higher or lower than those of other funds managed by the same adviser. There is no assurance and no representation is made that the investment results of any fund will be comparable to those of another fund managed by the same investment adviser.

Certain funds are designated as “Master-Feeder” or “LifeStyle Funds.” Funds offered in a Master-Feeder structure (such as the American Funds) or fund of funds structure (such as the LifeStyle Funds) may have higher fees and expenses than a fund that invests directly in debt and equity securities. Consult with your investment professional to determine if the investment portfolios may be suited to your financial needs, investment time horizon and risk tolerance. You should periodically review these factors to determine if you need to change your investment strategy.

<R>

The following table highlights name changes.

</R> <R>


List of Fund Name Changes
*Former Fund Name*	*Current Fund Name*
ING Julius Baer Foreign Portfolio	ING Artio Foreign Portfolio
ING BlackRock Global Science and Technology Portfolio	ING BlackRock Science and Technology Opportunities Portfolio
ING Global Real Estate Portfolio	ING Clarion Global Real Estate Portfolio
ING Van Kampen Real Estate Portfolio	ING Clarion Real Estate Portfolio
ING VP Growth and Income Portfolio	ING Growth and Income Portfolio
ING VP Intermediate Bond Portfolio	ING Intermediate Bond Portfolio
ING VP MidCap Opportunities Portfolio	ING MidCap Opportunities Portfolio
ING Oppenheimer Active Asset Allocation Portfolio	ING Oppenheimer Active Allocation Portfolio
ING PIMCO Core Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING Russell™ Global Large Cap Index 85% Portfolio	ING Russell™ Global Large Cap Index 75% Portfolio
ING VP Small Company Portfolio	ING Small Company Portfolio
ING Lehman Brothers U.S. Aggregate Bond Index Portfolio	ING U.S. Bond Index Portfolio

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ING Empire Traditions –152947

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Also, please be aware of the following changes – all were effective September 8, 2008:

ING Capital Guardian U.S. Equities Portfolio merged into ING Growth and Income Portfolio
ING Wells Fargo Disciplined Value Portfolio merged into ING Pioneer Mid Cap Value Portfolio
ING UBS U.S. Small Cap Growth Portfolio liquidated into ING Liquid Assets
ING VP Financial Services Portfolio liquidated into ING U.S. Bond Index Portfolio
ProFunds VP Small-Cap Portfolio was substituted for ING Russell Small Cap Index Portfolio

</R> <R>


Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING Investors Trust
7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258
ING American Funds Asset Allocation Portfolio	Seeks high total return (including income and capital gains)
	consistent with preservation of capital over the long term.
Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
Management Company

ING American Funds Bond Portfolio	Seeks to maximize your level of current income and preserve
	your capital.
Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
Management Company

ING American Funds Growth Portfolio	Seeks to make your investment grow.

Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
Management Company

ING American Funds Growth-Income Portfolio	Seeks to make your investment grow and provide you with
	income over time.
Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
Management Company

ING American Funds International Portfolio	Seeks to make your investment grow over time.

Investment Adviser: ING Investments, LLC
Investment Adviser to Master Funds: Capital Research
Management Company

ING American Funds World Allocation Portfolio (Class S)	Seeks long-term growth of capital.

Investment Adviser: Directed Services LLC

ING Artio Foreign Portfolio (Class S)	Seeks long-term growth of capital.
(formerly, ING Julius Baer Foreign Portfolio)

Investment Adviser: Directed Services LLC
Investment Subadviser: Artio Global Management LLC

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING BlackRock Inflation Protected Bond Portfolio	A non-diversified Portfolio that seeks to maximize real return,
(Class S)	consistent with preservation of real capital and prudent
	investment management.
Investment Adviser: Directed Services LLC
Investment Subadviser: BlackRock Financial
Management, Inc.

ING BlackRock Large Cap Growth Portfolio (Class S)	Seeks long-term growth of capital.

Investment Adviser: Directed Services LLC
Investment Subadviser: BlackRock Investment
Management, LLC

ING Clarion Global Real Estate Portfolio (Class S)	A non-diversified Portfolio that seeks to provide investors with
(formerly, ING Global Real Estate Portfolio)	high total return consisting of capital appreciation and current
	income.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Clarion Real Estate
Securities L.P.

ING Clarion Real Estate Portfolio (Class S)	A non-diversified Portfolio that seeks total return.
(formerly, ING Van Kampen Real Estate Portfolio)

Investment Adviser: Directed Services LLC
Investment Subadviser: ING Clarion Real Estate
Securities L.P.

ING Evergreen Health Sciences Portfolio (Class S)	A non-diversified Portfolio that seeks long-term capital growth.

Investment Adviser: Directed Services LLC
Investment Subadviser: Evergreen Investment
Management Company, LLC

ING Evergreen Omega Portfolio (Class S)	Seeks long-term capital growth.

Investment Adviser: Directed Services LLC
Investment Subadviser: Evergreen Investment
Management Company, LLC

ING FMR^SMDiversified Mid Cap Portfolio* (Class S)	Seeks long-term growth of capital.

Investment Adviser: Directed Services LLC
Investment Subadviser: Fidelity Management &
Research Co.

* FMR^SMis a service mark of Fidelity Management &
Research Company

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING Focus 5 Portfolio (Class S)	Seeks total return through capital appreciation and dividend
	income.
Investment Adviser: Directed Services LLC
Investment Subadviser: ING Investment Management
Co.

ING Franklin Income Portfolio (Class S)	Seeks to maximize income while maintaining prospects for
	capital appreciation.
Investment Adviser: Directed Services LLC
Investment Subadviser: Franklin Advisers, Inc.

ING Franklin Mutual Shares Portfolio (Class S)	Seeks capital appreciation and secondarily, income.

Investment Adviser: Directed Services LLC
Investment Subadviser: Franklin Mutual Advisers, LLC

ING Franklin Templeton Founding Strategy Portfolio	Seeks capital appreciation and secondarily, income.
(Class S)

Investment Adviser: Directed Services LLC

ING Global Resources Portfolio (Class S)	A non-diversified Portfolio that seeks long-term capital
	appreciation.
Investment Adviser: Directed Services LLC
Investment Subadviser: ING Investment Management
Co.

ING JPMorgan Emerging Markets Equity Portfolio	Seeks capital appreciation.
(Class S)

Investment Adviser: Directed Services LLC
Investment Subadviser: J.P. Morgan Investment
Management Inc.

ING JPMorgan Small Cap Core Equity Portfolio (Class S)	Seeks capital growth over the long term.

Investment Adviser: Directed Services LLC
Investment Subadviser: J.P. Morgan Investment
Management Inc.

ING LifeStyle Aggressive Growth Portfolio (Class S)	Seeks growth of capital.

Investment Adviser: ING Investments, LLC
Asset Allocation Consultants: Ibbotson Associates and
ING Investment Management Co.

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING LifeStyle Conservative Portfolio (Class S)	Seeks growth of capital and current income.

Investment Adviser: ING Investments, LLC
Asset Allocation Consultants: Ibbotson Associates and
ING Investment Management Co.

ING LifeStyle Growth Portfolio (Class S)	Seeks growth of capital and some current income.

Investment Adviser: ING Investments, LLC
Asset Allocation Consultants: Ibbotson Associates and
ING Investment Management Co.

ING LifeStyle Moderate Growth Portfolio (Class S)	Seeks growth of capital and a low to moderate level of current
	income.
Investment Adviser: ING Investments, LLC
Asset Allocation Consultants: Ibbotson Associates and
ING Investment Management Co.

ING LifeStyle Moderate Portfolio (Class S)	Seeks growth of capital and current income.

Investment Adviser: ING Investments, LLC
Asset Allocation Consultants: Ibbotson Associates and
ING Investment Management Co.

ING Liquid Assets Portfolio (Class S)	Seeks high level of current income consistent with the
	preservation of capital and liquidity.
Investment Adviser: Directed Services LLC
Investment Subadviser: ING Investment Management
Co.

ING Marsico Growth Portfolio (Class S)	Seeks capital appreciation.

Investment Adviser: Directed Services LLC
Investment Subadviser: Marsico Capital Management,
LLC

ING MFS Total Return Portfolio (Class S)	Seeks above-average income (compared to a portfolio entirely
	invested in equity securities) consistent with the prudent
Investment Adviser: Directed Services LLC	employment of capital. Secondarily seeks reasonable
Investment Subadviser: Massachusetts Financial	opportunity for growth of capital and income.
Services Company

ING MFS Utilities Portfolio (Class S)	Seeks total return.

Investment Adviser: Directed Services LLC
Investment Subadviser: Massachusetts Financial
Services Company

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING Multi-Manager International Small Cap Equity	Seeks long-term capital appreciation.
Portfolio (Class S)

Investment Adviser: Directed Services LLC
Investment Subadviser: Schroder Investment
Management North America, Inc. and American Century
Investment Management, Inc.

ING Oppenheimer Active Allocation Portfolio (Class S)	Seeks long-term growth of capital with a secondary objective of
(formerly, ING Oppenheimer Active Asset Allocation	current income.
Portfolio)

Investment Adviser: Directed Services LLC
Investment Subadviser: OppenheimerFunds, Inc.

ING PIMCO Total Return Bond Portfolio (Class S)	Seeks maximum total return, consistent with preservation of
	capital and prudent investment management.
Investment Adviser: Directed Services LLC
Investment Subadviser: Pacific Investment Management
Company LLC

ING Pioneer Fund Portfolio (Class S)	Seeks reasonable income and capital growth.

Investment Adviser: Directed Services LLC
Investment Subadviser: Pioneer Investment
Management, Inc.

ING Pioneer Mid Cap Value Portfolio (Class S)	Seeks capital appreciation.

Investment Adviser: Directed Services LLC
Investment Subadviser: Pioneer Investment
Management, Inc.

ING Templeton Global Growth Portfolio (Class S)	Seeks capital appreciation. Current income is only an incidental
	consideration.
Investment Adviser: Directed Services LLC
Investment Subadviser: Templeton Global Advisors
Limited

ING T. Rowe Price Capital Appreciation Portfolio	Seeks, over the long-term, a high total investment return,
(Class S)	consistent with the preservation of capital and prudent
	investment risk.
Investment Adviser: Directed Services LLC
Investment Subadviser: T. Rowe Price Associates, Inc.

ING T. Rowe Price Equity Income Portfolio (Class S)	Seeks substantial dividend income as well as long-term growth
	of capital.
Investment Adviser: Directed Services LLC
Investment Subadviser: T. Rowe Price Associates, Inc.

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING Van Kampen Global Franchise Portfolio (Class S)	A non-diversified Portfolio that seeks long-term capital
	appreciation.
Investment Adviser: Directed Services LLC
Investment Subadviser: Van Kampen

ING Van Kampen Global Tactical Asset Allocation	Seeks capital appreciation over time.
Portfolio (Class S)

Investment Adviser: Directed Services LLC
Investment Subadviser: Van Kampen

ING Van Kampen Growth and Income Portfolio (Class S)	Seeks long-term growth of capital and income.

Investment Adviser: Directed Services LLC
Investment Subadviser: Van Kampen

ING Wells Fargo Small Cap Disciplined Portfolio	Seeks long-term capital appreciation.
(Class S)

Investment Adviser: Directed Services LLC
Investment Subadviser: Wells Capital Management, Inc.

ING Partners, Inc.
7337 East Doubletree Ranch Road, Scottsdale, AZ 85258
ING Baron Small Cap Growth Portfolio (S Class)	Seeks capital appreciation.

Investment Adviser: Directed Services LLC
Investment Subadviser: BAMCO, Inc.

ING Davis New York Venture Portfolio (S Class)	Seeks long-term growth of capital.

Investment Adviser: Directed Services LLC
Investment Subadviser: Davis Selected Advisers, L.P.

ING JPMorgan Mid Cap Value Portfolio (S Class)	Seeks growth from capital appreciation.

Investment Adviser: Directed Services LLC
Investment Subadviser: J.P. Morgan Investment
Management Inc.

ING Templeton Foreign Equity Portfolio (S Class)	Seeks long-term capital growth.

Investment Adviser: Directed Services LLC
Investment Subadviser: Templeton Investment Counsel,
LLC

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING T. Rowe Price Growth Equity Portfolio	Seeks long-term capital growth, and secondarily, increasing
(S Class)	dividend income.

Investment Adviser: Directed Services LLC
Investment Subadviser: T. Rowe Price Associates, Inc.

ING Van Kampen Comstock Portfolio (S Class)	Seeks capital growth and income.

Investment Adviser: Directed Services LLC
Investment Subadviser: Van Kampen

ING Van Kampen Equity and Income Portfolio	Seeks total return, consisting of long-term capital appreciation
(S Class)	and current income.

Investment Adviser: Directed Services LLC
Investment Subadviser: Van Kampen

ING Variable Funds
ING Growth and Income Portfolio (Class S)	Seeks to maximize total return through investments in a
(formerly, ING VP Growth and Income Portfolio)	diversified portfolio of common stocks and securities
	convertible into common stock.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING Variable Portfolios, Inc.
7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258
ING BlackRock Science and Technology Opportunities	Seeks long-term capital appreciation.
Portfolio (Class S) (formerly, ING BlackRock Global
Science and Technology Portfolio)

Investment Adviser: ING Investments, LLC
Investment Subadviser: BlackRock Advisors, LLC

ING Global Equity Option Portfolio (Class S)	Seeks long-term growth of capital.

Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING Hang Seng Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
	correspond to the total return of the Hang Seng Index.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING International Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
	correspond to the total return of a widely accepted International
Investment Adviser: ING Investments, LLC	Index.
Investment Subadviser: ING Investment Management
Co.

ING Russell™ Global Large Cap Index 75% Portfolio	Seeks to maximize total return, consisting of capital
(Class S) (formerly, ING Russell™ Global Large Cap	appreciation and current income, over the long term by
Index 85% Portfolio)	allocating its assets among stock, bonds, short-term instruments
	and other investments.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING Russell™ Large Cap Growth Index Portfolio	Seeks investment results (before fees and expenses) that
(Class S)	correspond to the total return of the Russell Top 200^®Growth
	Index.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING Russell^TMLarge Cap Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
	correspond to the total return of the Russell Top 200^®Index.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING Russell™ Large Cap Value Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
	correspond to the total return of the Russell Top 200^®Value
Investment Adviser: ING Investments, LLC	Index.
Investment Subadviser: ING Investment Management
Co.

ING Russell™ Mid Cap Growth Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
	correspond to the total return of the Russell Midcap^®Growth
Investment Adviser: ING Investments, LLC	Index.
Investment Subadviser: ING Investment Management
Co.

ING Russell^TMMid Cap Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
	correspond to the total return of the Russell Midcap^®Index.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING Russell^TMSmall Cap Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
	correspond to the total return of the Russell 2000^®Index.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

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Fund Name and
Investment Adviser/Subadviser	Investment Objective
ING Small Company Portfolio (Class S)	Seeks growth of capital primarily through investment in a
(formerly, ING VP Small Company Portfolio)	diversified portfolio of common stocks of companies with
	smaller market capitalizations.
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING U.S. Bond Index Portfolio (Class S)	Seeks investment results (before fees and expenses) that
(formerly, ING Lehman Brothers U.S. Aggregate Bond	correspond to the total return of the Barclays Capital U.S.
Index Portfolio)	Aggregate Bond Index^®.

Investment Adviser: ING Investments, LLC
Investment Subadviser: Lehman Brothers Asset
Management LLC

ING WisdomTree^SMGlobal High-Yielding Equity Index	Seeks investment returns that closely correspond to the price
Portfolio* (Class S)	and yield performance, (before fees and expenses) of the
	WisdomTree^SMGlobal High-Yielding Equity Index (“Index”).
Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

* WisdomTree^SMis a servicemark of WisdomTree
Investments

ING Variable Products Trust
7337 E. Doubletree Ranch Road, Scottsdale, AZ 85258
ING MidCap Opportunities Portfolio (Class S)	Seeks long-term capital appreciation.
(formerly, ING VP MidCap Opportunities Portfolio)

Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

ING VP Funds
ING Intermediate Bond Portfolio (Class S)	Seeks to maximize total return consistent with reasonable risk.
(formerly, ING VP Intermediate Bond Portfolio)

Investment Adviser: ING Investments, LLC
Investment Subadviser: ING Investment Management
Co.

BlackRock Variable Series Funds, Inc.
800 Scudders Mill Road, Plainsboro, NJ 08536
BlackRock Global Allocation V.I. Fund (Class III)	The fund seeks to provide high total return through a fully
	managed investment policy utilizing U.S. and foreign equity,
Investment Adviser: BlackRock Advisors, LLC	debt and money market instruments, the combination of which
	will be varied from time to time both with respect to types of
Investment Subadviser: BlackRock Investment	securities and markets in response to changing market and
Management, LLC; BlackRock Asset Management U.K.	economic trends.
Limited

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B18

“Standard & Poor’s^®”, “S&P^®”, “S&P 500^®”, “Standard & Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by ReliaStar Life Insurance Company of New York. The product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the product.

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B19

APPENDIX C

Fixed Interest Division

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A Fixed Interest Division option is available through the group and individual deferred variable annuity contracts offered by ReliaStar Life Insurance Company of New York (“ReliaStar of NY”). The Fixed Interest Division is part of the ReliaStar of NY General Account. Interests in the Fixed Interest Division have not been registered under the Securities Act of 1933, and neither the Fixed Interest Division nor the General Account are registered under the Investment Company Act of 1940.

Interests in the Fixed Interest Division are offered in certain states through an Offering Brochure, dated May 1, 2009 . When reading through the Prospectus, the Fixed Interest Division should be counted among the various investment options available for the allocation of your premiums. Some restrictions may apply.

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You will find more complete information relating to the Fixed Interest Division in the Offering Brochure. Please read the Offering Brochure carefully before you invest in the Fixed Interest Division.

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ING Empire Traditions –152947

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APPENDIX D

Surrender Charge for Excess Withdrawals Example

The following assumes you made an initial premium payment of $10,000 and additional premium payments of $10,000 in each of the second and third contract years, for total premium payments under the Contract of $30,000. It also assumes a withdrawal at the end of the third contract year of 30% of the contract value of $35,000 and that Option Package I was selected.

In this example, $3,500 (10% of contract value) is the maximum free withdrawal amount that you may withdraw without a surrender charge. The total withdrawal would be $10,500 ($35,000 x .30). Therefore, $7,000 (10,500 –3,500) is considered an excess withdrawal of a part of the initial premium payment of $10,000 and would be subject to a 6% surrender charge of $420 ($7,000 x .06). The amount of the withdrawal paid to you will be $10,500, and in addition, $420 will be deducted from your contract value.

This example does not take into account deduction of any premium taxes.

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APPENDIX E

Examples of Minimum Guaranteed Income Benefit Calculation

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Example 1
				Contract with
		Contract without	Contract with	MGIB Rider before
Age		MGIB Rider	MGIB Rider	May 1, 2009
55	Initial Value	$100,000	$100,000	$100,000
	Accumulation Rate	0.00%	0.00%	0.00%
	Rider Charge	0.00%	0.75%	0.75%

65	Contract Value	$100,000	$89,188	$89,188
	Contract Annuity
	Factor	5.51	5.51	5.51
	Monthly Income	$551.00	$491.43	$491.43
	MGIB Rollup	n/a	$179,085	$196,715
	MGIB Ratchet	n/a	$100,000	$100,000
	MGIB Annuity
	Factor	n/a	4.17	4.17
	MGIB Income	n/a	$746.78	$820.30
	Income	$551.00	$746.78	$820.30
Example 2
55	Initial Value	$100,000	$100,000	$100,000
	Accumulation Rate	3.00%	3.00%	3.00%
	Rider Charge	0.00%	0.75%	0.75%

65	Contract Value	$134,392	$122,065	$122,065
	Contract Annuity
	Factor	4.71	5.51	5.51
	Monthly Income	$632.98	$672.58	$672.58
	MGIB Rollup	n/a	$179,085	$179,085
	MGIB Ratchet	n/a	$122,065	$122,065
	MGIB Annuity
	Factor	n/a	4.17	4.17
	MGIB Income	n/a	$746.78	$746.78
	Income	$632.98	$746.78	$746.78
Example 3
55	Initial Value	$100,000	$100,000	$100,000
	Accumulation Rate	8.00%	8.00%	8.00%
	Rider Charge	0.00%	0.75%	0.75%

65	Contract Value	$215,892	$200,279	$200,279
	Contract Annuity
	Factor	4.71	5.51	5.51
	Monthly Income	$1,016.85	$1,103.54	$1,103.54
	MGIB Rollup	n/a	$179,085	$196,715
	MGIB Ratchet	n/a	$200,279	$200,279
	MGIB Annuity
	Factor	n/a	4.17	4.17
	MGIB Income	n/a	$835.16	$835.16
	Income	$1,016.85	$1,103.54	$1,103.54

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Example 4
				Contract with
		Contract without	Contract with	MGIB Rider before
Age		MGIB Rider	MGIB Rider	May 1, 2009
55	Initial Value	$100,000	$100,000	$100,000
	Accumulation Rate	9.78%	9.78%	9.78%
	Rider Charge	0.00%	0.75%	0.75%

65	Contract Value	$254,233	$237,469	$237,469
	Contract Annuity	4.00	4.00	4.00
	Factor
	Monthly Income	$1,016.93	$949.87	$949.87
	MGIB Rollup	n/a	$179,085	$179,085
	MGIB Ratchet	n/a	$237,469	$237,469
	MGIB Annuity	n/a	4.17	4.17
	Factor
	MGIB Income	n/a	$990.24	$990.24
	Income	$1,016.93	$990.24	$990.24

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The Accumulation Rates shown under “Contract” are hypothetical and intended to illustrate various market conditions. These rates are assumed to be net of all fees and charges except the rider charge. Fees and charges are not assessed against the MGIB Rollup Rate.

How the MGIB Rollup and MGIB Ratchet values are determined:

The MGIB Rollup Base is equal to the initial contract value (or initial premium) accumulating at the MGIB Rate of 6% until the MGIB Date (7% for Contracts with the MGIB rider purchased before May 1, 2009). The MGIB Rate is an annual effective rate. The MGIB Rate for any allocations to the designated Special Fund is 0%.

The MGIB Ratchet Base is equal to initial contract value (or initial premium) on the rider date. On each contract anniversary, the MGIB Ratchet Base is set equal to the greater of: 1) the current contract value; and 2) the MGIB Ratchet Base on the prior contract anniversary date.

For example, with a contract accumulation rate of 8% (Example 3), the MGIB Rollup Base and the MGIB Ratchet Base are determined as follows:

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Age	Contract Value	MGIB Rollup	MGIB Ratchet
55	$100,000	$100,000	$100,000
56	$107,195	$106,000 (=$100,000 X (1+6%))	$107,195
57	$114,909	$112,360 (=$106,000 X (1+6%))	$114,909
*	*	*	*
*	*	*	*
*	*	*	*
64	$186,972	$183,846	$186,972
65	$200,449	$196,715 (=$183,846 X (1+6%))	$200,449

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For Contracts with the MGIB rider purchased before May 1, 2009, the MGIB Rollup Base and the MGIB Ratchet Base, with a contract accumulation rate of 8% (Example 3), are determined as follows:

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Age	Contract Value	MGIB Rollup	MGIB Ratchet
55	$100,000	$100,000	$100,000
56	$107,195	$107,000 (=$100,000 X (1+7%))	$107,195
57	$114,909	$114,909 (=$107,000 X (1+7%))	$114,909
*	*	*	*
*	*	*	*
*	*	*	*
64	$186,972	$183,846	$186,972
65	$200,449	$196,715 (=$183,846 X (1+7%))	$200,449

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If 50,000 of the initial contract value were allocated to Special Funds, assuming a contract accumulation rate of 8% (Example 3), the MGIB Rollup Base and the MGIB Ratchet Base are determined as follows:

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Age	Contract Value	MGIB Rollup	MGIB Ratchet
55	$100,000	$100,000	$100,000
56	$107,195	$103,500 (=$50,000 X (1+6%) +	$107,195
		$50,000 X (1+0%)
57	$114,909	$107,245 (=$53,500 X (1+6%) +	$114,909
		$50,000 X (1+ 0%)
*	*	*	*
*	*	*	*
*	*	*	*
64	$186,972	$114,923	$186,972
65	$200,449	$148,358 (=$91,923 X (1+6%) +	$200,449
		$50,000 X (1+0%)

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For Contracts with the MGIB rider purchased before May 1, 2009, if 50,000 of the initial contract value were allocated to Special Funds, assuming a contract accumulation rate of 8% (Example 3), the MGIB Rollup Base and the MGIB Ratchet Base are determined as follows:

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Age	Contract Value	MGIB Rollup	MGIB Ratchet
55	$100,000	$100,000	$100,000
56	$107,195	$103,500 (=$50,000 X (1+7%) +	$107,195
		$50,000 X (1+0%)
57	$114,909	$107,245 (=$53,500 X (1+7%) +	$114,909
		$50,000 X (1+ 0%)
*	*	*	*
*	*	*	*
*	*	*	*
64	$186,972	$114,923	$186,972
65	$200,449	$148,358 (=$91,923 X (1+7%) +	$200,449
		$50,000 X (1+0%)

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APPENDIX F

ING LifePay Plus and ING Joint LifePay Plus Partial Withdrawal Amount Examples

The following are examples of adjustments to the Maximum Annual Withdrawal amount for withdrawals in excess of the Maximum Annual Withdrawal:

Illustration 1: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the Maximum Annual Withdrawal, including surrender charges.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $500 of surrender charges and premium credit deduction, if applicable. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $300 of surrender charges and premium credit deduction, if applicable. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $200 of surrender charges and premium credit deduction, if applicable. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, then there is an adjustment to the Maximum Annual Withdrawal.

Total gross withdrawals during the contract year are $7,000 ($3,000 + $500 + $1,500 + $300 + $1,500 + $200). The adjustment is the lesser of the amount by which the total gross withdrawals for the year exceed the Maximum Annual Withdrawal ($7,000 - $5,000 = $2,000), and the amount of the current gross withdrawal ($1,500 + 200 = $1,700. Because total gross withdrawals within the contract year prior to this withdrawal ($5,300) had already exceeded the Maximum Annual Withdrawal, the entire gross withdrawal is considered an excess withdrawal.

If the Contract Value before this withdrawal is $50,000, then the Maximum Annual Withdrawal is reduced by 3.40% ($1,700 / $50,000) to $4,830 ((1 - 3.40%) * $5,000).

Illustration 2: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the Maximum Annual Withdrawal.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges and premium credit deduction, if applicable. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges and premium credit deduction, if applicable. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges and premium credit deduction, if applicable. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, there is an adjustment to the Maximum Annual Withdrawal. However, because only $4,500 in gross withdrawals was taken during the contract year prior to this withdrawal, $500 of the $1,500 gross withdrawal is not considered excess.

Total gross withdrawals during the contract year are $6,000 ($3,000 + $1,500 + $1,500). The adjustment is the lesser of the amount by which the total gross withdrawals for the year exceed the Maximum Annual Withdrawal, $1,000, and the amount of the current gross withdrawal, $1,500.

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If the Contract Value before this withdrawal is $50,000, and the Contract Value is $49,500 after the part of the gross withdrawal that was within the Maximum Annual Withdrawal, $500, , then the Maximum Annual Withdrawal is reduced by 2.02% ($1,000 / $49,500) to $4,899 ((1 - 2.02%) * $5,000).

Illustration 3: A withdrawal exceeds the Maximum Annual Withdrawal amount but does not exceed the Additional Withdrawal Amount.

Assume the Maximum Annual Withdrawal is $5,000. The Required Minimum Distribution for the current calendar year applicable to this contract is determined to be $6,000. The Additional Withdrawal Amount is set equal to the excess of this amount above the Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000).

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges and premium credit deduction, if applicable. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges and premium credit deduction, if applicable. Total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, however, the Maximum Annual Withdrawal is not adjusted until the Additional Withdrawal Amount is exhausted. The amount by which total net withdrawals taken exceed the Maximum Annual Withdrawal, $1,000 ($6,000 -$5,000), is the same as the Additional Withdrawal Amount, so no adjustment to the Maximum Annual Withdrawal is made. If total net withdrawals taken had exceeded the sum of the Maximum Annual Withdrawal and the Additional Withdrawal Amount, then an adjustment would be made to the Maximum Annual Withdrawal.

Illustration 4: The Additional Withdrawal Amount at the end of the calendar year before it is withdrawn.

Assume the most recent contract date was July 1, 2007 and the Maximum Annual Withdrawal is $5,000. Also assume RMDs, applicable to this contract, are $6,000 and $5,000 for 2008 and 2009 calendar years respectively.

Between July 1, 2007 and December 31, 2007, a withdrawal of $5,000 is taken which exhausts the Maximum Annual Withdrawal.

On January 1, 2008, the Additional Withdrawal Amount is set equal to the excess of the 2008 RMD above the existing Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000. Note that the Maximum Annual Withdrawal has been exhausted however is still used to calculate the Additional Withdrawal Amount.

The owner now has until December 31, 2009 to take the newly calculated Additional Withdrawal Amount of $1,000. The owner decides not to take the Additional Withdrawal Amount of $1,000 in 2008.

On January 1, 2009, the Additional Withdrawal Amount is set equal to the excess of the 2009 RMD above the existing Maximum Annual Withdrawal, $0 ($5,000 - $5,000). Note that the Additional Withdrawal Amount of $1,000 from the 2008 calendar year carries over into the 2009 calendar year and is available for withdrawal.

Illustration 5: The Reset Occurs.

Assume the Maximum Annual Withdrawal is $5,000 and the Maximum Annual Withdrawal percentage is 5%.

One year after the first withdrawal is taken, the contract value has increased to $120,000, and the Reset occurs. The Maximum Annual Withdrawal is now $6,000 ($120,000 * 5%).

One year after the Reset, the contract value has increased further to $130,000. The Reset occurs again, and the Maximum Annual Withdrawal is now $6,500 ($130,000 * 5%).

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If the contract value has fallen to $100,000 on the next contract anniversary (quarterly contract anniversary if the rider was purchased before February 2, 2009), the Reset will not occur and the Maximum Annual Withdrawal would not be recalculated.

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Illustration 6: The Reset from Guaranteed Withdrawal Status into Lifetime Guaranteed Withdrawal Status.

Assume the first withdrawal is taken in the first contract year when the Annuitant is age 56, thus beginning the Withdrawal Phase in Guaranteed Withdrawal Status. Also assume that at the time of the first withdrawal, the LifePay Plus Base is $100,000 before the withdrawal and the Maximum Annual Withdrawal is $5,000 ($100,000 * 5%).

Withdrawals are also taken from the contract in an amount equal to the MAW at the beginning of each of the next three contract years, each withdrawal resulting in a dollar for dollar reduction to the LifePay Plus Base.

After the withdrawal is taken at the beginning of the fourth contract year, the Annuitant is now age 59 ½, the MAW is still $5,000, and the LifePay Plus Base has been reduced to $80,000.

On the quarterly contract anniversary following the date the Annuitant reaches age 59 ½, the rider will enter Lifetime Guaranteed Withdrawal Status and the MAW will be recalculated to equal the appropriate MAW% times the current MGWB Base, or $4,000 ($80,000 * 5%).

Illustration 7: A withdrawal exceeds the Maximum Annual Withdrawal amount and the Additional Withdrawal Amount.

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $3,500 net, with $0 of surrender charges. Total net withdrawals taken, $8,000, exceed the sum of the Maximum Annual Withdrawal and the Additional Withdrawal Amount, $6,000, and there is an adjustment to the Maximum Annual Withdrawal.

Total gross withdrawals during the contract year are $8,000 ($3,000 + $1,500 + $3,500). The adjustment is the lesser of the amount by which the total gross withdrawals for the year exceed the sum of the Maximum Annual Withdrawal and the Additional Withdrawal Amount ($8,000 - $6,000 = $2,000), and the amount of the current gross withdrawal ($3,500).

If the Contract Value before this withdrawal is $50,000, then the Maximum Annual Withdrawal is reduced by 4.00% ($2,000 / $50,000) to $4,800 ((1 - 4.00%) * $5,000).

Illustration 8: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the Maximum Annual Withdrawal.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges. The Maximum Annual Withdrawal is not exceeded.

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The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, there is an adjustment to the Maximum Annual Withdrawal. However, because only $4,500 in gross withdrawals was taken during the contract year prior to this withdrawal, $500 of the $1,500 gross withdrawal is not considered excess.

If the Contract Value after the part of the gross withdrawal that was within the Maximum Annual Withdrawal, $500, is $49,500, then the Maximum Annual Withdrawal is reduced by 2.02% ($1,000 / $49,500) to $4,899 ((1 - 2.02%) * $5,000).

Another withdrawal is taken during that same contract year in the amount of $400 net, with $100 of surrender charges. Total gross withdrawals during the contract year are $6,500 ($3,000 + $1,500 + $1,500 + $500). The adjustment to the MAW is the lesser of the amount by which the total gross withdrawals for the year exceed the Maximum Annual Withdrawal, $1,500, and the amount of the current gross withdrawal, $500.

If the Contract Value before this withdrawal is $48,500, then the Maximum Annual Withdrawal is reduced by 1.03% ($500 / $48,500) to $4,849 ((1 – 1.03%) * $4,899).

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APPENDIX G

Examples of Fixed Allocation Funds Automatic Rebalancing

The following examples are designed to assist you in understanding how Fixed Allocation Funds Automatic Rebalancing works. The examples assume that there are no investment earnings or losses.

I. Subsequent Payments

A. Assume that on Day 1, an owner deposits an initial payment of $100,000, which is allocated 100% to Accepted Funds. No Fixed Allocation Funds Automatic Rebalancing would occur, because this allocation meets the required investment option allocation.

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B. Assume that on Day 2, the owner deposits an additional payment of $500,000, bringing the total contract value to $600,000, and allocates this deposit 100% to Other Funds. Because the percentage allocated to the Fixed Allocations Funds (0%) is less than 30% of the total amount allocated to the Fixed Allocation Funds and the Other Funds, we will automatically reallocate $150,000 from the amount allocated to the Other Funds (30% of the $500,000 allocated to the Other Funds) to the Fixed Allocation Funds. Your ending allocations will be $100,000 to Accepted Funds, $150,000 to the Fixed Allocation Funds, and $350,000 to Other Funds.

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A. Assume that on Day 1, an owner deposits an initial payment of $100,000, which is allocated 65% to Accepted Funds ($65,000), 30% to the Fixed Allocation Funds ($30,000), and 5% to Other Funds ($5,000). No Fixed Allocation Funds Automatic Rebalancing would occur, because this allocation meets the required investment option allocation.

B. Assume that on Day 2, the owner requests a partial withdrawal of $29,000 from the Fixed Allocation Funds. Because the remaining amount allocated to the Fixed Allocation Funds ($11,000) is less than 30% of the total amount allocated to the Fixed Allocation Funds and the Other Funds, we will automatically reallocate $ 800 from the Other Funds to the Fixed Allocation Funds, so that the amount allocated to the Fixed Allocation Funds ($1,800) is 30% of the total amount allocated to the Fixed Allocation Funds and Other Funds ($6,000).

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APPENDIX H

ING LifePay and ING Joint LifePay

(Available for Contracts issued on and after September 4, 2007 through January 28, 2008.)

ING LifePay Minimum Guaranteed Withdrawal Benefit (ING LifePay) Rider. The ING LifePay rider generally provides, subject to the restrictions and limitations below, that we will guarantee a minimum level of annual withdrawals from the Contract for the life of the annuitant, even if these withdrawals deplete your Contract value to zero. You may wish to purchase this rider if you are concerned that you may outlive your income.

Purchase. In order to elect the ING LifePay rider, the annuitant must be the owner or one of the owners, unless the owner is a non-natural owner. Joint annuitants are not allowed. The minimum issue age is 55 and the maximum issue age is 80. The issue age is the age of the owner (or the annuitant if there are joint owners or the owner is non-natural) on the Contract anniversary on which the rider is effective. Some broker-dealers may not offer the ING LifePay rider, or may limit the maximum issue age to ages younger than age 80, but in no event lower than age 55. We reserve the right to change the minimum or maximum issue ages on a nondiscriminatory basis. The ING LifePay rider is available for Contracts issued on and after November 1, 2004 that do not already have a living benefit rider. The ING LifePay rider will not be issued if the initial allocation to investment options is not in accordance with the investment option restrictions described in “Investment Option Restrictions,” below. Also, the ING LifePay rider will not be issued if any contract value is allocated to a Fixed Interest Division, nor may you subsequently allocate contract value to a Fixed Interest Division. The Company in its discretion may allow the rider to be elected during the 30-day period preceding a Contract anniversary. Such election must be received in good order, including compliance with the investment restrictions described below. The rider will be effective as of that Contract anniversary.

Rider Date. The rider date is the date the ING LifePay rider becomes effective. If you purchase the ING LifePay rider when the Contract is issued, the rider date is also the Contract date.

Charge. The charge for the ING LifePay rider is as follows:


Current Annual Charge	Maximum Annual Charge if Reset Option
(Charge Deducted Quarterly)	Elected
0.50% of the contract value	1.20% of the contract value

We deduct the quarterly charge in arrears based on the contract date (contract year versus calendar year). In arrears means the first charge is deducted at the end of the first quarter from the contract date. If the rider is added after contract issue, the charges will still be deducted on quarterly contract anniversaries, but the first charge will be pro-rated based on what is owed at the time the rider is added through the contract quarter end. Similarly, the charge is pro-rated based on what is owed at the time the rider is terminated. Charges are deducted during the period starting on the rider date and up to your rider’s Lifetime Automatic Periodic Benefit Status. Lifetime Automatic Periodic Benefit Status occurs if your contract value is reduced to zero and other conditions are met. We may increase the charge for this rider if you elect the reset option after your first five contract years, but subject to the maximum annual charge. For more information about how this rider works, including when Lifetime Automatic Periodic Benefit Status begins, please see “Living Benefit Riders – ING LifePay Minimum Guaranteed Withdrawal Benefit Rider.”

No Cancellation. Once you purchase the ING LifePay rider, you may not cancel it unless you: a) cancel the Contract during the Contract’s free look period; b) surrender the Contract; c) begin the income phase and start receiving annuity payments; or d) otherwise terminate the Contract pursuant to its terms. These events automatically cancel the ING LifePay rider.

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Termination. The ING LifePay rider is a “living benefit” which means the guaranteed benefits offered are intended to be available to you while you are living and while your Contract is in the accumulation phase. The optional rider automatically terminates if you:

1)	annuitize or terminate your Contract pursuant to its terms during the accumulation phase, surrender your Contract, or begin receiving annuity payments under the ING LifePay rider; or
2)	die during the accumulation phase (first owner to die if there are multiple Contract owners, or death of annuitant if Contract owner is not a natural person), unless your spouse beneficiary elects to continue the Contract.

The ING LifePay rider will also terminate if there is a change in Contract ownership (other than a spousal beneficiary continuation on your death). Other circumstances that may cause the ING LifePay rider to terminate automatically are discussed below.

How the ING LifePay Rider Works. The ING LifePay rider has both phases and statuses. Through the lifetime of the ING LifePay rider, you will be in one of two phases: the Growth Phase or the Withdrawal Phase. As detailed below, the Growth Phase begins on the effective date of the rider and ends as of the business day before you take your first withdrawal, or before you begin to receive annuity payments. The Growth Phase is subject to the latest date for annuitization allowed under your Contract. See “The Income Phase – Restrictions on Start Dates and the Duration of Payments.” During the Growth Phase, no benefits under the ING LifePay rider are being paid out; rather, during the Growth Phase, premiums and investment growth under your Contract continue to accumulate. The Withdrawal Phase follows the Growth Phase and begins once you take your first withdrawal or annuity payment, whichever occurs first. During the Withdrawal Phase, you may withdraw guaranteed amounts from your Contract, subject to the terms and conditions noted in this section.

During the life of the rider, it will also be treated as in one of two statuses: Lifetime Guaranteed Withdrawal Status or Lifetime Automatic Periodic Benefit Status. Together, these statuses operate to fulfill the rider’s withdrawal guarantee. Lifetime Guaranteed Withdrawal Status begins on the date the rider is issued and continues until certain circumstances occur as noted in “Lifetime Guaranteed Withdrawal Status,” below. Lifetime Automatic Periodic Benefit Status is a status that only begins if your contract value is depleted to zero for reasons other than withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING LifePay rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal. If your contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then the Contract and the ING LifePay rider will terminate without value. While all riders begin in Lifetime Guaranteed Withdrawal Status, not all riders will enter Lifetime Automatic Periodic Benefit Status.

Benefits paid under the ING LifePay rider require the calculation of the Maximum Annual Withdrawal. The ING LifePay Base (referred to as the “MGWB Base” in the Contract) is used to determine the Maximum Annual Withdrawal and is calculated as follows:

1)	If you purchased the ING LifePay rider on the Contract date, the initial ING LifePay Base is equal to the initial premium, plus premium credits.
2)	If you purchased the ING LifePay rider after the Contract date, the initial ING LifePay Base is equal to the Contract value on the effective date of the rider.
3)	The initial ING LifePay Base is increased dollar-for-dollar by any premiums received during the Growth Phase and premium credits, if applicable (“eligible premiums”). The ING LifePay Base is also increased to equal the Contract value if the Contract value is greater than the current ING LifePay Base, on each Contract quarterly anniversary after the effective date of the rider and during the Growth Phase. The ING LifePay Base has no additional impact on the calculation of annuity payments or withdrawal benefits.

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Currently, any additional premiums paid during the Withdrawal Phase are not eligible premiums for purposes of determining the ING LifePay Base or the Maximum Annual Withdrawal; however, we reserve the right to treat such premiums as eligible premiums at our discretion, in a nondiscriminatory manner. Premiums received during the Withdrawal Phase do increase the Contract value used to determine the reset Maximum Annual Withdrawal if you choose to reset the ING LifePay rider (see “ING LifePay Reset Option,” below). We reserve the right to discontinue allowing premium payments during the Withdrawal Phase.

Lifetime Guaranteed Withdrawal Status. This status begins on the effective date of the rider and continues until the earliest of:

1)	the date annuity payments begin (see “The Income Phase”);
2)	reduction of the contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal;
3)	reduction of the contract value to zero by a withdrawal less than or equal to the Maximum Annual Withdrawal;
4)	the surrender of the Contract; or
5)	the death of the owner (first owner, in the case of joint owners, or the annuitant, in the case of a custodial IRA), unless your spouse beneficiary elects to continue the Contract.

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor market performance. In Lifetime Automatic Periodic Benefit Status, other than the payments as provided under the ING LifePay rider, the Contract will provide no further benefits (including death benefits). If contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and rider will terminate without value. For more information about the effect of a withdrawal reducing the contract value to zero, please see “Lifetime Automatic Periodic Benefit Status,” below. As described below, certain features of the ING LifePay rider may differ depending on whether you are in Lifetime Guaranteed Withdrawal Status.

Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is determined on the date the Withdrawal Phase begins. It equals a percentage of the greater of 1) the Contract value and 2) the ING LifePay Base as of the last day of the Growth Phase. The first withdrawal after the effective date of the rider (which causes the end of the Growth Phase) is treated as occurring on the first day of the Withdrawal Phase, immediately after calculation of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal percentage, which varies by age of the annuitant on the date the Withdrawal Phase begins, is as follows:


	Maximum Annual
Annuitant Age	Withdrawal Percentage
55-64	4%
65-75	5%
76-80	6%
81+	7%

If the ING LifePay rider is in the Growth Phase, and the annuity commencement date is reached, the rider will enter the Withdrawal Phase and annuity payments will begin. In lieu of the annuity options under the Contract, you may elect a life only annuity option under which we will pay the greater of the annuity payout under the Contract and equal annual payments of the Maximum Annual Withdrawal.

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Whether the Maximum Annual Withdrawal is subject to change depends on the extent of your withdrawals. The amount of your withdrawal or withdrawals in a contract year that, when added together, do not exceed the Maximum Annual Withdrawal do not reduce the Maximum Annual Withdrawal. However, if the total amount of your withdrawals in any Contract year exceeds the Maximum Annual Withdrawal, then the Maximum Annual Withdrawal will be reduced in the same proportion as the contract value is reduced by the amount of the excess withdrawal.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a Contract year exceed the Maximum Annual Withdrawal and the amount of your present request for a withdrawal. The amount of any applicable premium credit deduction (recapture) or surrender charges are not included in determining whether the total amount of your withdrawals in a Contract year exceeds the Maximum Annual Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum Annual Withdrawal is to be subject to a pro-rata reduction because of an excess withdrawal, the amount by which the Maximum Annual Withdrawal will be reduced will include any premium credit deduction and surrender charges. See Illustrations 1 and 2 below for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the Contract to satisfy the Required Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING LifePay rider and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such withdrawal, which exceeds the Maximum Annual Withdrawal for a specific Contract year, will not be deemed excess withdrawals in that Contract year for purposes of the ING LifePay rider, subject to the following rules:

1)	If your Required Minimum Distribution for a calendar year (determined on a date on or before January 31 of that year), applicable to this Contract, is greater than the Maximum Annual Withdrawal on that date, an Additional Withdrawal Amount will be set equal to that portion of the Required Minimum Distribution that exceeds the Maximum Annual Withdrawal.
2)	Once you have taken the Maximum Annual Withdrawal for the then current Contract year, the dollar amount of any additional withdrawals will count against and reduce the Additional Withdrawal Amount without being deemed an excess withdrawal.
3)	In the event of any withdrawals that exceed both the Maximum Annual Withdrawal and the Additional Withdrawal Amount, the dollar amount of these withdrawals will be deemed excess withdrawals that cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as described above.
4)	The Additional Withdrawal Amount is available on a calendar year basis and recalculated every January, reset to equal that portion of the Required Minimum Distribution for that calendar year that exceeds the Maximum Annual Withdrawal on that date. Any unused amount of the Additional Withdrawal Amount does not carry over into the next calendar year.
5)	The ING LifePay rider cannot accommodate any grace periods allowed for Required Minimum Distributions pursuant to the Tax Code.
6)	The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum Annual Withdrawal Amount. See “ING LifePay Reset Option” below. The Additional Withdrawal Amount is only subject to change when the Additional Withdrawal Amount is reset as described above.

See Illustrations 3 and 4 below.

Investment Advisory Fees. Withdrawals taken pursuant to a program established by the owner for the payment of investment advisory fees to a named third party investment adviser for advice on management of the Contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such withdrawals reduce the ING LifePay Base in the same proportion as contract value is reduced by the amount of these fees. During the Withdrawal Phase, these withdrawals are treated as any other withdrawal.

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Lifetime Automatic Periodic Benefit Status. If the Contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the Contract and the rider will terminate without value due to the pro-rata reduction described in “Determination of the Maximum Annual Withdrawal,” above.

If the Contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal while the rider is in Lifetime Guaranteed Withdrawal Status, the rider will enter Lifetime Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING LifePay rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal.

When the rider enters Lifetime Automatic Periodic Benefit Status:

1)	Other than as provided under the ING LifePay rider, the Contract will provide no further benefits (including death benefits);
2)	no further premium payments will be accepted; and
3)	any other riders attached to the Contract will terminate, unless otherwise specified in that rider.

If when the ING LifePay rider enters Lifetime Automatic Periodic Benefit Status your net withdrawals to date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference immediately. The periodic payments will begin on the last day of the first full Contract year following the date the rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

You may elect to receive systematic withdrawals pursuant to the terms of the Contract. Under a systematic withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time the rider enters Lifetime Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the Contract more frequently than annually, the periodic payments will be made at the same frequency in equal amounts such that the sum of the payments in each Contract year will equal the annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually or annually, the payments will be made at the end of the half-Contract year or Contract year, as applicable.

ING LifePay Reset Option. Beginning one year after the Withdrawal Phase begins, you may choose to reset the Maximum Annual Withdrawal when the Maximum Annual Withdrawal, as recalculated, would be greater than your current Maximum Annual Withdrawal, based on the applicable Maximum Annual Withdrawal percentage times Contract value. You must elect to reset by a request in a form satisfactory to us. On the date the request is received (the “Reset Effective Date”), the Maximum Annual Withdrawal will increase to be equal to the applicable Maximum Annual Withdrawal percentage times the Contract value on the Reset Effective Date. (For your Maximum Annual Withdrawal percentage, see “Determination of the Maximum Annual Withdrawal” above.) The reset option is only available when the rider is in Lifetime Guaranteed Withdrawal Status. We reserve the right to limit resets to the contract anniversary.

After exercising the reset option, you must wait one year before electing to reset again. We will not accept a request to reset if the new Maximum Annual Withdrawal on the date the request is received would be less than your current Maximum Annual Withdrawal.

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If the reset option is exercised, the charge for the ING LifePay rider will be equal to the charge then in effect for a newly purchased rider but will not exceed the maximum annual charge of 1.20%. However, we guarantee that the rider charge will not increase for resets exercised within the first five contract years. See Illustration 4 below.

Investment Option Restrictions. While the ING LifePay rider is in effect, there are limits on the portfolios to which your Contract value may be allocated. Contract value allocated to portfolios other than Accepted Funds will be rebalanced so as to maintain at least 20% of such Contract value in the Fixed Allocation Funds. See “Fixed Allocation Funds Automatic Rebalancing,” below. We have these restrictions to mitigate the insurance risk inherent in our guarantees with this rider. We require this allocation regardless of your investment instructions to the Contract. The timing of when and how we apply these restrictions is discussed further below.

Accepted Funds. Currently, the Accepted Funds are:


ING American Funds Asset Allocation Portfolio	ING MFS Total Return Portfolio
ING American Funds World Allocation Portfolio	ING Oppenheimer Active Allocation Portfolio
ING LifeStyle Conservative Portfolio	ING Russell Global Large Cap Index 75% Portfolio
ING LifeStyle Growth Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING LifeStyle Moderate Growth Portfolio	ING Van Kampen Equity and Income Portfolio
ING LifeStyle Moderate Portfolio	ING Van Kampen Global Tactical Asset Allocation
	Portfolio

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If this rider was purchased before February 2, 2009, the following are additional Accepted Funds:

ING Franklin Templeton Founding Strategy Portfolio

ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio

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We may change these designations at any time upon 30 days notice to you. If a change is made, the change will apply to Contract value allocated to such portfolios after the date of the change.

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Fixed Allocation Funds. Currently, the Fixed Allocation Funds are:

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ING American Funds Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING BlackRock Inflation Protected Bond Portfolio	ING U.S. Bond Index Portfolio
ING Intermediate Bond Portfolio

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Other Funds. All portfolios available under the Contract other than the Accepted Funds or Fixed Allocation Funds are considered Other Funds.

Fixed Allocation Funds Automatic Rebalancing. If the Contract value in the Fixed Allocation Funds is less than 20% of the total Contract value allocated to both the Fixed Allocation Funds and Other Funds on any ING LifePay Rebalancing Date, we will automatically rebalance the Contract value allocated to the Fixed Allocation Funds and Other Funds so that 20% of this amount is allocated to the Fixed Allocation Funds. Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction processed on that date. The ING LifePay Rebalancing Dates occur on each Contract anniversary and after the following transactions:

1)	receipt of additional premiums;
2)	transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or specifically directed by you;
3)	withdrawals from a Fixed Allocation Fund or Other Fund.

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the Contract. However, if the other automatic rebalancing under the Contract causes the allocations to be out of compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed Allocation Funds Automatic Rebalancing has occurred, along with your new allocations by a confirmation statement that will be mailed to you after Fixed Allocation Funds Automatic Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING LifePay rider, you are providing the Company with direction and authorization to process these transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the ING LifePay rider if you do not wish to have your Contract value reallocated in this manner.

Death of Owner or Annuitant. The ING LifePay rider and charges terminate on the earlier of:

1)	if the rider is in Lifetime Guaranteed Withdrawal status, the date of receipt of due proof of death (“claim date”) of the owner (or in the case of joint owners, the first owner) or the annuitant if there is a non-natural owner; or
2)	the date the rider enters Lifetime Automatic Periodic Benefit status.

Under 1), above, the rider terminates on the death of the first owner, even if the owner is not the annuitant.

Thus, you should not purchase this rider with multiple owners, unless the owners are spouses. Under 2), above, we will continue to pay the periodic payments that the owner was receiving under the LifePay rider to the annuitant. No other death benefit is payable in this situation.

Continuation After Death – Spouse. If the surviving spouse of the deceased owner continues the Contract (see “Death Benefit Choices – Continuation After Death – Spouse”), the rider will also continue, provided the following conditions are met:

1)	The spouse is at least 55 years old on the date the Contract is continued; and
2)	The spouse becomes the annuitant and sole owner.

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If the rider is in the Growth Phase at the time of spousal continuation:

1)	The rider will continue in the Growth Phase;
2)	On the date the rider is continued, the ING LifePay Base will be reset to equal the greater of the ING LifePay Base and the then current Contract value;
3)	The ING LifePay charges will restart and be the same as were in effect prior to the claim date; and
4)	The Maximum Annual Withdrawal percentage will be determined as of the date of the first withdrawal, whenever it occurs, and will be based on the spouse’s age on that date.

If the rider is in the Withdrawal Phase at the time of spousal continuation:

1) The rider will continue in the Withdrawal Phase.

2) On the Contract anniversary following the date the rider is continued:

(a)

If the surviving spouse was not the annuitant before the owner’s death, the Maximum Annual Withdrawal is recalculated by multiplying the Contract value on that Contract anniversary by the Maximum Annual Withdrawal percentage based on the surviving spouse’s age on that Contract anniversary. The Maximum Annual Withdrawal is considered to be zero until this recalculation, so withdrawals pursuant to the rider cannot be utilized. Withdrawals are permitted pursuant to the other provisions of the Contract. In other words, withdrawals during this time will not be subject to the guarantees of this rider. Withdrawals causing the Contract value to fall to zero will terminate the Contract and the rider.

(b)

If the surviving spouse was the annuitant before the owner’s death, the Maximum Annual Withdrawal is recalculated as the greater of the Maximum Annual Withdrawal on the claim date (adjusted for excess withdrawals thereafter) and the Maximum Annual Withdrawal resulting from multiplying the Contract value on that Contract anniversary by the Maximum Annual Withdrawal percentage. The Maximum Annual Withdrawal does not go to zero on the claim date, which is the date of receipt of due proof of death, and withdrawals may continue under the rider provisions.

3) The rider charges will restart on the Contract anniversary following the date the rider is continued and will be the same as were in effect prior to the claim date.

Effect of ING LifePay Rider on Death Benefit. If you die before Lifetime Automatic Periodic Benefit Status begins under the ING LifePay rider, the death benefit is payable, but the rider terminates. However, if the beneficiary is the owner’s spouse, and the spouse elects to continue the Contract, the death benefit is not payable until the spouse’s death. Thus, you should not purchase this rider with multiple owners, unless the owners are spouses. See “Death of Owner or Annuitant” and “Continuation After Death – Spouse” above for further information.

While in Lifetime Automatic Periodic Benefit Status, if the owner who is not the annuitant dies, we will continue to pay the periodic payments that the owner was receiving under the ING LifePay rider until the death of the annuitant. While in Lifetime Automatic Periodic Benefit Status, if an owner who is also the annuitant dies, the periodic payments will stop. No other death benefit is payable.

Change of Owner or Annuitant. Other than as provided above under “Continuation After Death- Spouse,” you may not change the annuitant. The rider and rider charges will terminate upon change of owner, including adding an additional owner, except for the following ownership changes:

1) spousal continuation as described above;

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2)	change of owner from one custodian to another custodian;
3)	change of owner from a custodian for the benefit of an individual to the same individual;
4)	change of owner from an individual to a custodian for the benefit of the same individual;
5)	collateral assignments;
6)	change in trust as owner where the individual owner and the grantor of the trust are the same individual;
7)	change of owner from an individual to a trust where the individual owner and the grantor of the trust are the same individual; and
8)	change of owner from a trust to an individual where the individual owner and the grantor of the trust are the same individual.

Surrender Charges. If you elect the ING LifePay rider, the amount of your withdrawals will be subject to surrender charges and any recapture of credits if they exceed the free withdrawal amount. However, once your Contract value is zero, the periodic payments under the ING LifePay rider are not subject to surrender charges, nor will these amounts be subject to any other charges under the Contract. See Appendix H for examples.

Loans. No loans are permitted on Contracts with the ING LifePay rider.

Taxation. For more information about the tax treatment of amounts paid to you under the ING LifePay rider, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death Benefit.”

ING Joint LifePay Minimum Guaranteed Withdrawal Benefit (ING Joint LifePay) Rider. The ING Joint LifePay rider generally provides, subject to the restrictions and limitations below, that we will guarantee a minimum level of annual withdrawals from the Contract for the lifetime of both you and your spouse, even if these withdrawals deplete your contract value to zero. You may wish to purchase this rider if you are married and are concerned that you and your spouse may outlive your income.

Purchase. The ING Joint LifePay rider is only available for purchase by individuals who are married at the time of purchase and eligible to elect spousal continuation (as defined by the Tax Code) when the death benefit becomes payable. We refer to these individuals as spouses. Certain ownership, annuitant, and beneficiary designations are required in order to purchase the ING Joint LifePay rider. See “Ownership, Annuitant and Beneficiary Requirements,” below.

The minimum issue age is 55 and the maximum issue age is 80. Both spouses must meet these issue age requirements on the contract anniversary on which the ING Joint LifePay rider is effective. The issue age is the age of the owners on the Contract anniversary on which the rider is effective. Some broker dealers may not offer the ING Joint LifePay rider, or may limit the maximum issue age to ages younger than age 80, but in no event lower than age 55. We reserve the right to change the minimum or maximum issue ages on a nondiscriminatory basis. The ING Joint LifePay rider is available for Contracts issued on and after November 1, 2004 that do not already have a living benefit rider. The ING Joint LifePay rider will not be issued if the initial allocation to investment options is not in accordance with the investment option restrictions described in “Investment Option Restrictions,” below. Also, the ING Joint LifePay rider will not be issued if any contract value is allocated to a Fixed Interest Division, nor may you subsequently allocate contract value to a Fixed Interest Division. The Company in its discretion may allow the ING Joint LifePay rider to be elected during the 30-day period preceding a contract anniversary. Such election must be received in good order, including owner, annuitant, and beneficiary designations and compliance with the investment restrictions described below. The ING Joint LifePay rider will be effective as of that contract anniversary.

Ownership, Annuitant and Beneficiary Designation Requirements. Certain ownership, annuitant and beneficiary designations are required in order to purchase the ING Joint LifePay rider. These designations depend

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upon whether the contract is issued as a nonqualified contract, an IRA or a custodial IRA. In all cases, the ownership, annuitant and beneficiary designations must allow for the surviving spouse to continue the contract when the death benefit becomes payable, as provided by the Tax Code. Non-natural, custodial owners are only allowed with IRAs (“custodial IRAs”). Joint annuitants are not allowed. The necessary ownership, annuitant and/or beneficiary designations are described below. Applications that do not meet the requirements below will be rejected. We reserve the right to verify the date of birth and social security number of both spouses.

Nonqualified Contracts. For a jointly owned contract, the owners must be spouses, and the annuitant must be one of the owners. For a contract with only one owner, the owner’s spouse must be the sole primary beneficiary, and the annuitant must be one of the spouses.

IRAs. There may only be one owner, who must also be the annuitant. The owner’s spouse must be the sole primary beneficiary.

Custodial IRAs. While we do not maintain individual owner and beneficiary designations for IRAs held by an outside custodian, the ownership and beneficiary designations with the custodian must comply with the requirements listed in “IRAs” above. The annuitant must be the same as the beneficial owner of the custodial IRA. We require the custodian to provide us the name and date of birth of both the owner and the owner’s spouse.

Rider Date. The ING Joint LifePay rider date is the date the ING Joint LifePay rider becomes effective. If you purchase the ING Joint LifePay rider when the contract is issued, the ING Joint LifePay rider date is also the contract date.

Charge. The charge for the ING Joint LifePay rider is as follows:


Current Annual Charge	Maximum Annual Charge if Reset Option
(Charge Deducted Quarterly)	Elected
0.75% of the contract value	1.50% of contract value

We deduct the quarterly charge in arrears based on the contract date (contract year versus calendar year). In arrears means the first charge is deducted at the end of the first quarter from the contract date. If the rider is added after contract issue, the charges will still be deducted on quarterly contract anniversaries, but the first charge will be pro-rated based on what is owed at the time the rider is added through the contract quarter end. Similarly, the charge is pro-rated based on what is owed at the time the rider is terminated. Charges are deducted during the period starting on the rider date and up to your rider’s Lifetime Automatic Periodic Benefit Status. Lifetime Automatic Periodic Benefit Status occurs if your contract value is reduced to zero and other conditions are met. We may increase the charge for this rider if you elect the reset option after your first five contract years, but subject to the maximum annual charge. For more information about how this rider works, including when Lifetime Automatic Periodic Benefit Status begins, please see “Living Benefit Riders – ING Joint LifePay Minimum Guaranteed Withdrawal Benefit Rider.” If you surrender or annuitize your Contract, the charge is pro-rated based on what is owed at the time. We reserve the right to change the charge for this rider, subject to the maximum annual charge. If changed, the new charge will only apply to riders issued after this change.

No Cancellation. Once you purchase the ING Joint LifePay rider, you may not cancel it unless you: a) cancel the contract during the contract’s free look period; b) surrender the contract; c) begin the income phase and start receiving annuity payments; or d) otherwise terminate the contract pursuant to its terms. These events automatically cancel the ING Joint LifePay rider.

Termination. The ING Joint LifePay rider is a “living benefit” which means the guaranteed benefits offered are intended to be available to you and your spouse while you are living and while your contract is in the accumulation phase. The optional rider automatically terminates if you:

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1)	annuitize or terminate your contract pursuant to its terms during the accumulation phase, surrender your Contract, or begin receiving annuity payments in lieu of payments under the ING Joint LifePay rider;
2)	die during the accumulation phase (first owner to die in the case of joint owners, or death of annuitant if the contract is a custodial IRA), unless your spouse elects to continue the contract (and your spouse is active for purposes of the ING Joint LifePay rider): or
3)	change the owner of the contract (other than a spousal continuation by an active spouse).

See “Change of Owner or Annuitant,” below. Other circumstances that may cause the ING Joint LifePay rider to terminate automatically are discussed below.

Active Status. Once the ING Joint LifePay rider has been issued, a spouse must remain in “active” status in order to exercise rights and receive the benefits of the ING Joint LifePay rider after the first spouse’s death by electing spousal continuation. In general, changes to the ownership, annuitant, and/or beneficiary designation requirements noted above will result in one spouse being designated as “inactive.” Inactive spouses are not eligible to continue the benefits of the ING Joint LifePay rider after the death of the other spouse. Once designated “inactive,” a spouse may not regain active status under the ING Joint LifePay rider. Specific situations that will result in a spouse’s designation as “inactive” include the following:

1)	For nonqualified contracts where the spouses are joint owners, the removal of a joint owner (if that spouse does not automatically become sole primary beneficiary pursuant to the terms of the contract), or the change of one joint owner to a person other than an active spouse.
2)	For nonqualified contracts where one spouse is the owner and the other spouse is the sole primary beneficiary, as well as for IRA contracts (including custodial IRAs), the addition of a joint owner who is not also an active spouse or any change of beneficiary (including the addition of primary beneficiaries).
3)	In the event of the death of one spouse (in which case the deceased spouse becomes inactive).

An owner may also request that one spouse be treated as inactive. In the case of joint-owned contracts, both contract owners must agree to such a request. An inactive spouse is not eligible to exercise any rights or receive any benefits under the ING Joint LifePay rider. However, all charges for the ING Joint LifePay rider will continue to apply, even if one spouse becomes inactive, regardless of the reason. You should make sure you understand the impact of beneficiary and owner changes on the ING Joint LifePay rider prior to requesting any such changes.

A divorce will terminate the ability of an ex-spouse to continue the contract. See “Divorce,” below.

How the ING Joint LifePay Rider Works. The ING Joint LifePay rider has both statuses and phases. Through the lifetime of the ING Joint LifePay rider, you will be in one of two phases: the Growth Phase or the Withdrawal Phase. As detailed below, the Growth Phase begins on the effective date of the rider and ends as of the business day before you take your first withdrawal, or before you begin to receive annuity payments. The Growth Phase is subject to the latest date for annuitization allowed under your Contract. See “The Income Phase –Restrictions on Start Dates and the Duration of Payments.” During the Growth Phase, no benefits under the ING Joint LifePay rider are being paid out; rather, during the Growth Phase, premiums and investment growth under your Contract continue to accumulate. The Withdrawal Phase follows the Growth Phase and begins once you take your first withdrawal or annuity payment, whichever occurs first. During the Withdrawal Phase, you may withdraw guaranteed amounts from your Contract, subject to the terms and conditions noted in this section.

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Benefit Status is a status that only begins if your contract value is depleted to zero for reasons other than withdrawals that exceed the Maximum Annual Withdrawal, as discussed more thoroughly below. In Lifetime Automatic Periodic Benefit Status, you are no longer entitled to make withdrawals. Instead, under the ING Joint LifePay rider, you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal. If your contract value is depleted because of withdrawals that exceed the Maximum Annual Withdrawal, then the Contract and the ING Joint LifePay rider will terminate without value. While all riders begin in Lifetime Guaranteed Withdrawal Status, not all riders will enter Lifetime Automatic Periodic Benefit Status.

Benefits paid under the ING Joint LifePay rider require the calculation of the Maximum Annual Withdrawal. The ING Joint LifePay Base (referred to as the “MGWB Base” in the contract) is used to determine the Maximum Annual Withdrawal and is calculated as follows:

1)	If you purchased the ING Joint LifePay rider on the contract date, the initial ING Joint LifePay Base is equal to the initial premium, plus premium credits.
2)	If you purchased the ING Joint LifePay rider after the contract date, the initial ING Joint LifePay Base is equal to the contract value on the effective date of the ING Joint LifePay rider.
3)	The initial ING Joint LifePay Base is increased dollar-for-dollar by any premiums received during the Growth Phase and premium credits, if applicable (“eligible premiums”). The ING Joint LifePay Base is also increased to equal the contract value if the contract value is greater than the current ING Joint LifePay Base, valued on each quarterly contract anniversary after the effective date of the ING Joint LifePay rider during the Growth Phase. The ING Joint LifePay Base has no additional impact on the calculation of annuity payments or withdrawal benefits.

Currently, any additional premiums paid during the Withdrawal Phase are not eligible premiums for purposes of determining the ING Joint LifePay Base or the Maximum Annual Withdrawal; however, we reserve the right to treat such premiums as eligible premiums at our discretion, in a nondiscriminatory manner. Premiums received during the Withdrawal Phase do increase the contract value used to determine the reset Maximum Annual Withdrawal if you choose to reset the ING Joint LifePay rider (see “ING Joint LifePay Reset Option,” below). We reserve the right to discontinue allowing premium payments during the Withdrawal Phase.

Lifetime Guaranteed Withdrawal Status. This status begins on the effective date of the rider and continues until the earliest of:

1)	the date annuity payments begin (see “The Income Phase”);
2)	reduction of the contract value to zero by a withdrawal in excess of the Maximum Annual Withdrawal;
3)	reduction of the contract value to zero by a withdrawal less than or equal to the Maximum Annual Withdrawal;
4)	the surrender of the Contract; or
5)	the death of the owner (first owner, in the case of joint owners, or the annuitant, in the case of a custodial IRA), unless your spouse beneficiary elects to continue the Contract.

The rider’s status changes to Lifetime Automatic Periodic Benefit Status in the event contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal, including due to poor market performance. In Lifetime Automatic Periodic Benefit Status, other than payments as provided under the ING Joint LifePay rider the Contract will provide no further benefits (including death benefits). If contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal Amount, the Contract and rider will terminate without value. For more information about the effect of a withdrawal reducing the contract value to zero, please see “Lifetime Automatic Periodic Benefit Status,” below. As described below, certain features of the ING Joint LifePay rider may differ depending on whether you are in Lifetime Guaranteed Withdrawal Status.

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Determination of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal is determined on the date the Withdrawal Phase begins. It equals the Maximum Annual Withdrawal percentage multiplied by the greater of the contract value and the ING Joint LifePay Base, as of the last day of the Growth Phase. The first withdrawal after the effective date of the ING Joint LifePay rider (which causes the end of the Growth Phase) is treated as occurring on the first day of the Withdrawal Phase, immediately after calculation of the Maximum Annual Withdrawal. The Maximum Annual Withdrawal percentage, which varies by age of the youngest active spouse on the date the Withdrawal Phase begins, is as follows:


Annuitant Age	Maximum Annual
	Withdrawal Percentage
55-64	4%
65-75	5%
76-80	6%
81+	7%

If the ING Joint LifePay rider is in the Growth Phase, and the annuity commencement date is reached, the ING Joint LifePay rider will enter the Withdrawal Phase and annuity payments will begin. In lieu of the annuity options under the Contract, you may elect a life only annuity option under which we will pay the greater of the annuity payout under the Contract and annual payments equal to the Maximum Annual Withdrawal, provided that, if both spouses are active, payments under the life only annuity option will be calculated using the joint life expectancy table for both spouses. If only one spouse is active, payments will be calculated using the single life expectancy table for the active spouse.

For this purpose, an excess withdrawal is the lesser of the amount by which your total withdrawals in a Contract year exceed the Maximum Annual Withdrawal and the amount of your present request for a withdrawal. The amount of any applicable premium credit deduction (recapture) or surrender charges are not included in determining whether the total amount of your withdrawals in a Contract year exceeds the Maximum Annual Withdrawal and triggers a pro-rata reduction. However, in the event that the Maximum Annual Withdrawal is to be subject to a pro-rata reduction because of an excess withdrawal, the amount by which the Maximum Annual Withdrawal will be reduced will include any premium credit deduction and surrender charges. See Illustrations 1 and 2 below for examples of this concept.

Required Minimum Distributions. Withdrawals taken from the contract to satisfy the Required Minimum Distribution rules of the Tax Code are considered withdrawals for purposes of the ING Joint LifePay rider, and will begin the Withdrawal Phase if the Withdrawal Phase has not already started. Any such withdrawal, which exceeds the Maximum Annual Withdrawal for a specific contract year, will not be deemed excess withdrawals in that contract year for purposes of the ING Joint LifePay rider, subject to the following:

If your Required Minimum Distribution for a calendar year (determined on a date on or before January 31 of that year), applicable to this contract, is greater than the Maximum Annual Withdrawal on that date, an Additional Withdrawal Amount will be set equal to that portion of the Required Minimum Distribution that exceeds the Maximum Annual Withdrawal.

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2)	Once you have taken the Maximum Annual Withdrawal for the then current contract year, the dollar amount of any additional withdrawal will count against and reduce the Additional Withdrawal Amount without being deemed an excess withdrawal.
3)	In the event of any withdrawals that exceed both the Maximum Annual Withdrawal and the Additional Withdrawal Amount, the dollar amount of these withdrawals will be deemed excess withdrawals that cause the Maximum Annual Withdrawal to be reduced on a pro-rata basis, as described above.
4)	The Additional Withdrawal Amount is available on a calendar year basis and recalculated every January, reset to equal the portion of the Required Minimum Distribution for that calendar year that exceeds the Maximum Annual Withdrawal. Any unused amount of the Additional Withdrawal Amount does not carry over into the next calendar year.
5)	The ING Joint LifePay rider cannot accommodate any grace periods allowed for Required Minimum Distributions pursuant to the Tax Code.
6)	The Additional Withdrawal Amount does not change in the event you choose to reset the Maximum Annual Withdrawal Amount. See “ING Joint LifePay Reset Option” below. The Additional Withdrawal Amount is only subject to change when the Additional Withdrawal Amount is reset as described above.

See Illustrations 3 and 4 below.

Investment Advisory Fees. Withdrawals taken pursuant to a program established by the owner for the payment of investment advisory fees to a named third party investment adviser for advice on management of the contract’s values will not cause the Withdrawal Phase to begin. During the Growth Phase, such withdrawals reduce the ING Joint LifePay Base in the same proportion as contract value is reduced by the amount of these fees. During the Withdrawal Phase, these withdrawals are treated as any other withdrawal.

Lifetime Automatic Periodic Benefit Status. If the contract value is reduced to zero by a withdrawal in excess of the Maximum Annual Withdrawal, the contract and the ING Joint LifePay rider will terminate without value due to the pro-rata reduction described in “Determination of the Maximum Annual Withdrawal,” above.

If the contract value is reduced to zero for a reason other than a withdrawal in excess of the Maximum Annual Withdrawal while the ING Joint LifePay rider is in Lifetime Guaranteed Withdrawal Status, the ING Joint LifePay rider will enter Lifetime Automatic Periodic Benefit Status and you are no longer entitled to make withdrawals. Instead, under the ING Joint LifePay rider you will begin to receive periodic payments in an annual amount equal to the Maximum Annual Withdrawal.

When the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status:

1)	other than as provided under the ING Joint LifePay rider, the contract will provide no further benefits (including death benefits);
2)	no further premium payments will be accepted; and
3)	any other riders attached to the contract will terminate, unless otherwise specified in that rider.

During Lifetime Automatic Periodic Benefit Status, we will pay you periodic payments in an annual amount that is equal to the Maximum Annual Withdrawal. The time period for which we will make these payments will depend upon whether one or two spouses are active under the ING Joint LifePay rider at the time this status begins. If both spouses are active under the ING Joint LifePay rider, these payments will cease upon the death of the second spouse, at which time both the ING Joint LifePay rider and the contract will terminate without further value. If only one spouse is active under the ING Joint LifePay rider, the payments will cease upon the

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death of the active spouse, at which time both the ING Joint LifePay rider and the contract will terminate without value.

If when the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status, your net withdrawals to date are less than the Maximum Annual Withdrawal for that contract year, then we will pay you the difference immediately. The periodic payments will begin on the last day of the first full contract year following the date the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status and will continue to be paid annually thereafter.

You may elect to receive systematic withdrawals pursuant to the terms of the contract. Under a systematic withdrawal, either a fixed amount or an amount based upon a percentage of the contract value will be withdrawn from your contract and paid to you on a scheduled basis, either monthly, quarterly or annually. If, at the time the ING Joint LifePay rider enters Lifetime Automatic Periodic Benefit Status, you are receiving systematic withdrawals under the contract more frequently than annually, the periodic payments will be made at the same frequency in equal amounts such that the sum of the payments in each contract year will equal the annual Maximum Annual Withdrawal. Such payments will be made on the same payment dates as previously set up, if the payments were being made monthly or quarterly. If the payments were being made semi-annually or annually, the payments will be made at the end of the half-contract year or contract year, as applicable.

ING Joint LifePay Reset Option. Beginning one year after the Withdrawal Phase begins, you may choose to reset the Maximum Annual Withdrawal when the Maximum Annual Withdrawal, as recalculated, would be greater than your current Maximum Annual Withdrawal, based on the applicable Maximum Annual Withdrawal percentage times contract value. You must elect to reset by a request in a form satisfactory to us. On the date the request is received (the “Reset Effective Date”), the Maximum Annual Withdrawal will increase to be equal to the applicable Maximum Annual Withdrawal percentage times the contract value on the Reset Effective Date. (For your Maximum Annual Withdrawal percentage, see “Determination of the Maximum Annual Withdrawal” above). The reset option is only available when the ING Joint LifePay rider is in Lifetime Guaranteed Withdrawal Status. We reserve the right to limit resets to the contract anniversary.

If the reset option is exercised, the charge for the ING Joint LifePay rider will be equal to the charge then in effect for a newly purchased rider but will not exceed the maximum annual charge of 1.50%. However, we guarantee that the ING Joint LifePay rider charge will not increase for resets exercised within the first five contract years. See Illustration 4 below.

Investment Option Restrictions. While the ING Joint LifePay rider is in effect, there are limits on the portfolios to which your contract value may be allocated. Contract value allocated to portfolios other than Accepted Funds will be rebalanced so as to maintain at least 20% of such contract value in the Fixed Allocation Funds. See “Fixed Allocation Funds Automatic Rebalancing,” below. We have these restrictions to mitigate the insurance risk inherent in our guarantees with this rider. We require this allocation regardless of your investment instructions to the Contract. The timing of when and how we apply these restrictions is discussed further below.

Accepted Funds. Currently, the Accepted Funds are:

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BlackRock Global Allocation V.I. Fund	ING Liquid Assets Portfolio
ING American Funds Asset Allocation Portfolio	ING MFS Total Return Portfolio
ING American Funds World Allocation Portfolio	ING Oppenheimer Active Allocation Portfolio
ING LifeStyle Conservative Portfolio	ING Russell Global Large Cap Index 75% Portfolio
ING LifeStyle Growth Portfolio	ING T. Rowe Price Capital Appreciation Portfolio
ING LifeStyle Moderate Growth Portfolio	ING Van Kampen Equity and Income Portfolio
ING LifeStyle Moderate Portfolio	ING Van Kampen Global Tactical Asset Allocation
	Portfolio

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If this rider was purchased before February 2, 2009, the following are additional Accepted Funds:

ING Franklin Templeton Founding Strategy Portfolio

ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio

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ING American Funds Bond Portfolio	ING PIMCO Total Return Bond Portfolio
ING BlackRock Inflation Protected Bond Portfolio	ING U.S. Bond Index Portfolio
ING Intermediate Bond Portfolio

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Other Funds. All portfolios available under the contract other than the Accepted Funds or Fixed Allocation Funds are considered Other Funds.

Fixed Allocation Funds Automatic Rebalancing. If the contract value in the Fixed Allocation Funds is less than 20% of the total contract value allocated to both the Fixed Allocation Funds and Other Funds on any ING Joint LifePay Rebalancing Date, we will automatically rebalance the contract value allocated to the Fixed Allocation Funds and Other Funds so that 20% of this amount is allocated to the Fixed Allocation Funds. Accepted Funds are excluded from Fixed Allocation Funds Automatic Rebalancing. Any rebalancing is done on a pro-rata basis from the Other Funds to the Fixed Allocation Funds and will be the last transaction processed on that date. The ING Joint LifePay Rebalancing Dates occur on each contract anniversary and after the following transactions:

1)	receipt of additional premiums;
2)	transfer or reallocation among the Fixed Allocation Funds or Other Funds, whether automatic or specifically directed by you; and
3)	withdrawals from a Fixed Allocation Fund or Other Fund.

Fixed Allocation Funds Automatic Rebalancing is separate from any other automatic rebalancing under the contract. However, if the other automatic rebalancing under the contract causes the allocations to be out of compliance with the investment option restrictions noted above, Fixed Allocation Funds Automatic Rebalancing will occur immediately after the automatic rebalancing to restore the required allocations. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing.” You will be notified that Fixed

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Allocation Funds Automatic Rebalancing has occurred, along with your new allocations, by a confirmation statement that will be mailed to you after Fixed Allocation Funds Rebalancing has occurred.

In certain circumstances, Fixed Allocation Funds Automatic Rebalancing may result in a reallocation into the Fixed Allocation Funds even if you have not previously been invested in them. See “Appendix G – Examples of Fixed Allocation Funds Automatic Rebalancing, Example I.” By electing to purchase the ING Joint LifePay rider, you are providing the Company with direction and authorization to process these transactions, including reallocations into the Fixed Allocation Funds. You should not purchase the ING Joint LifePay rider if you do not wish to have your contract value reallocated in this manner.

Divorce. Generally, in the event of a divorce, the spouse who retains ownership of the contract will continue to be entitled to all rights and benefits of the ING Joint LifePay rider, while the ex-spouse will no longer have any such rights or be entitled to any such benefits. In the event of a divorce during Lifetime Guaranteed Withdrawal Status, the ING Joint LifePay rider continues, and terminates upon the death of the owner (first owner in the case of joint owners, or the annuitant in the case of a custodial IRA). Although spousal continuation may be available under the Tax Code for a subsequent spouse, the ING Joint LifePay rider cannot be continued by the new spouse. As the result of the divorce, we may be required to withdraw assets for the benefit of an ex-spouse. Any such withdrawal will be considered a withdrawal for purposes of the Maximum Annual Withdrawal amount. In other words, if a withdrawal incident to a divorce exceeds the Maximum Annual Withdrawal amount, it will be considered an excess withdrawal. See “Determination of the Maximum Annual Withdrawal,” above. As noted, in the event of a divorce there is no change to the Maximum Annual Withdrawal and we will continue to deduct charges for the ING Joint LifePay rider.

In the event of a divorce during Lifetime Automatic Periodic Benefit Status, there will be no change to the periodic payments made. Payments will continue until both spouses are deceased.

Death of Owner. The death of the owner (or in the case of joint owners, the first owner, or for custodial IRAs, the annuitant) during Lifetime Guaranteed Withdrawal Status may cause the termination of the ING Joint LifePay rider and its charges, depending upon whether one or both spouses are in active status at the time of death, as described below.

1)	If both spouses are in active status: If the surviving spouse elects to continue the contract and becomes the sole owner and annuitant, the ING Joint LifePay rider will remain in effect pursuant to its original terms and ING Joint LifePay coverage and charges will continue. As of the date the contract is continued, if the Contract is in the Growth Phase, then the ING Joint LifePay Base will be increased to equal the contract value, if greater. Otherwise, if the Contract is in the Withdrawal Phase, then the Maximum Annual Withdrawal will be set to the greater of the existing Maximum Annual Withdrawal or the Maximum Annual Withdrawal percentage multiplied by the contract value on the date the contract is continued. Such a reset will not count as an exercise of the ING Joint LifePay Reset Option, and rider charges will not increase.
	If the surviving spouse elects not to continue the contract, ING Joint LifePay rider coverage and charges will cease upon the earlier of payment of the death benefit or notice that an alternative distribution option has been chosen.
2)	If the surviving spouse is in inactive status: The ING Joint LifePay rider terminates and ING Joint LifePay coverage and charges cease upon proof of death.

Change of Owner or Annuitant. Other than as a result of spousal continuation, you may not change the annuitant. The ING Joint LifePay rider and rider charges will terminate upon change of owner, including adding an additional owner, except for the following ownership changes:

1)	spousal continuation by an active spouse, as described above;
2)	change of owner from one custodian to another custodian for the benefit of the same individual;

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3)	change of owner from a custodian for the benefit of an individual to the same individual (in order to avoid the owner’s spouse from being designated inactive, the owner’s spouse must be named sole beneficiary under the contract);
4)	change of owner from an individual to a custodian for the benefit of the same individual;
5)	collateral assignments;
6)	for nonqualified contracts only, the addition of a joint owner, provided that the additional joint owner is the original owner’s spouse and is active when added as joint owner;
7)	for nonqualified contracts, removal of a joint owner, provided the removed joint owner is active and becomes the primary contract beneficiary; and
8)	change of owner where the owner becomes the sole primary beneficiary and the sole primary beneficiary becomes the owner if both were active spouses at the time of the change.

Surrender Charges. If you elect the ING Joint LifePay rider, the amount of your withdrawals will be subject to surrender charges and any recapture of credits if they exceed the free withdrawal amount. However, once your contract value is zero, the periodic payments under the ING Joint LifePay rider are not subject to surrender charges, nor will these amounts be subject to any other charges under the contract. See below for examples.

Federal Tax Considerations. For more information about the tax treatment of amounts paid to you under the ING Joint LifePay rider, see “Federal Tax Considerations – Tax Consequences of Living Benefits and Death Benefit.”

ING LifePay and ING Joint LifePay Partial Withdrawal Amount Examples. The following are examples of adjustments to the Maximum Annual Withdrawal amount for withdrawals in excess of the Maximum Annual Withdrawal:

Illustration 1: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the Maximum Annual Withdrawal, including surrender and/or MVA charges.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $500 of surrender charges, and/or MVA charges. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $300 of surrender charges, and/or MVA charges. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $200 of surrender charges, and/or MVA charges. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, then there is an adjustment to the Maximum Annual Withdrawal.

If the Account Value before this withdrawal is $50,000, then the Maximum Annual Withdrawal is reduced by 3.40% ($1,700 / $50,000) to $4,830 ((1 - 3.40%) * $5,000).

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Illustration 2: Adjustment to the Maximum Annual Withdrawal amount for a withdrawal in excess of the Maximum Annual Withdrawal.

Assume the Maximum Annual Withdrawal is $5,000.

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges, and/or MVA charges. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges, and/or MVA charges. The Maximum Annual Withdrawal is not exceeded because total net withdrawals, $4,500, do not exceed the Maximum Annual Withdrawal, $5,000.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges, and/or MVA charges. Because total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, there is an adjustment to the Maximum Annual Withdrawal.

If the Account Value after the part of the gross withdrawal that was within the Maximum Annual Withdrawal, $500, is $49,500, then the Maximum Annual Withdrawal is reduced by 2.02% ($1,000 / $49,500) to $4,899 ((1 - 2.02%) * $5,000).

Illustration 3: A withdrawal exceeds the Maximum Annual Withdrawal amount but does not exceed the Additional Withdrawal Amount.

Assume the Maximum Annual Withdrawal is $5,000. The RMD for the current calendar year applicable to this contract is determined to be $6,000. The Additional Withdrawal Amount is set equal to the excess of this amount above the Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000).

The first withdrawal taken during the contract year is $3,000 net, with $0 of surrender charges, and/or MVA charges. The Maximum Annual Withdrawal is not exceeded.

The next withdrawal taken during the contract year is $1,500 net, with $0 of surrender charges, and/or MVA charges. Total net withdrawals taken, $6,000, exceed the Maximum Annual Withdrawal, $5,000, however, the Maximum Annual Withdrawal is not adjusted until the Additional Withdrawal Amount is exhausted. The amount by which total net withdrawals taken exceed the Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000), is the same as the Additional Withdrawal Amount, so no adjustment to the Maximum Annual Withdrawal is made. If total net withdrawals taken had exceeded the sum of the Maximum Annual Withdrawal and the Additional Withdrawal Amount, then an adjustment would be made to the Maximum Annual Withdrawal.

Illustration 4: An Additional Withdrawal Amount expires at the end of the calendar year before it is withdrawn.

Assume the most recent contract date was July 1, 2007 and the Maximum Annual Withdrawal is $5,000. Also assume RMDs, applicable to this contract, are $6,000 and $5,000 for the 2008 and 2009 calendar years respectively.

Between July 1, 2007 and December 31, 2007 a withdrawal of $5,000 is taken which exhausts the Maximum Annual Withdrawal.

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On January 1, 2008, the Additional Withdrawal Amount is set equal to the excess of the 2008 RMD above the existing Maximum Annual Withdrawal, $1,000 ($6,000 - $5,000). Note that the Maximum Annual Withdrawal has been exhausted however is still used to calculate the Additional Withdrawal Amount.

The owner now has until December 31, 2008 to take the newly calculated Additional Withdrawal Amount of $1,000. The owner decides not to take the Additional Withdrawal Amount of $1,000 in 2008.

On January 1, 2009, the Additional Withdrawal Amount is set equal to the excess of the 2009 RMD above the existing Maximum Annual Withdrawal, $0 ($5,000-$5,000). Note that the Additional Withdrawal Amount of $1,000 from the 2008 calendar year does not carry over to the 2009 calendar year.

Illustration 5: The Reset Option is utilized.

Assume the Maximum Annual Withdrawal is $5,000 and the Maximum Annual Withdrawal percentage is 5%.

One year after the first withdrawal is taken, the contract value has increased to $120,000, and the Reset Option is utilized. The Maximum Annual Withdrawal is now $6,000 ($120,000 * 5%).

One year after the Reset Option was first utilized, the contract value has increased further to $130,000. The Reset Option is utilized again, and the Maximum Annual Withdrawal is now $6,500 ($130,000 * 5%).

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APPENDIX I

Minimum Guaranteed Withdrawal Benefit

Minimum Guaranteed Withdrawal Benefit Rider (MGWB). Effective September 4, 2007, the MGWB rider is no longer available. The MGWB rider, marketed under the name, ING PrincipalGuard Withdrawal Benefit, is an optional benefit which guarantees that if your contract value is reduced to zero, you will receive periodic payments. The amount of the periodic payments is based on the amount in the MGWB Withdrawal Account. Only premiums added to your Contract during the first two-year period after your rider date are included in the MGWB Withdrawal Account. Any additional premium payments added after the second rider anniversary are not included in the MGWB Withdrawal Account. Thus, the MGWB rider may not be appropriate for you if you plan to add substantial premium payments after your second rider anniversary. If you elect the MGWB rider, you may not allocate contract value to the GET Fund or the Fixed Interest Division. For Contracts purchased on and after August 7, 2006, the MGWB rider was available if you elected the premium credit option. (Otherwise, the MGWB rider was not available with the premium credit option).

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The guarantee provides that, subject to the conditions described below, the amount you will receive in periodic payments is equal to your Eligible Payment Amount adjusted for any prior withdrawals. Your Eligible Payment Amount depends on when you purchase the MGWB rider and equals:

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1)	if you purchased the MGWB rider on the contract date: your premium payments received during the first two contract years;
2)	if you purchased the MGWB rider after the contract date: your contract value on the Rider Date, including any premiums received that day, and any subsequent premium payments received during the two-year period commencing on the Rider Date.

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To maintain the guarantee, withdrawals in any contract year may not exceed 7% of your Eligible Payment Amount adjusted, as defined below. If your contract value is reduced to zero, your periodic payments will be 7% of your Eligible Payment Amount every year. Payments continue until your MGWB Withdrawal Account is reduced to zero. Please note that before Automatic Periodic Benefit status is reached, withdrawals in excess of the free withdrawal amount will be subject to surrender charges. Once your contract reaches Automatic Periodic Benefit Status, the periodic payments paid under the MGWB rider are not subject to surrender charges.

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The MGWB Withdrawal Account is equal to the Eligible Payment Amount adjusted for any withdrawals. The Maximum Annual Withdrawal Amount (or “MAW”) is equal to 7% of the Eligible Payment Amount. Withdrawals up to the MAW will reduce the value of your MGWB Withdrawal Account by the dollar amount of the withdrawal. Any withdrawals greater than the MAW will cause a reduction in the MGWB Withdrawal Account by the proportion that the excess withdrawal bears to the remaining contract value after the withdrawal of the MAW.

Any withdrawals greater than the MAW will also cause a reduction in the Eligible Payment Amount by the proportion that the excess portion of the withdrawal bears to the contract value remaining after withdrawal of the MAW at the time of the withdrawal. Examples of excess withdrawals are at the end of this appendix.

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Once your contract value is zero, any periodic payments paid under the MGWB rider also reduce the MGWB Withdrawal Account by the dollar amount of the payments. If a withdrawal reduces the MGWB Withdrawal Account to zero, the MGWB rider terminates and no further benefits are payable under the rider.

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There are tax implications of withdrawals and payments under the MGWB rider. See “Withdrawals” and “Federal Tax Considerations” in the prospectus for more information. You should not make any withdrawals if you wish to retain the option to elect the Step-Up Benefit (see below).

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The MGWB Withdrawal Account is only a calculation which represents the remaining amount available for periodic payments. It does not represent a contract value, nor does it guarantee performance of the subaccounts in which you are invested. It will not affect your annuitization, surrender and death benefits.

Guaranteed Withdrawal Status. You may continue to make withdrawals in any amount permitted under your Contract so long as your contract value is greater than zero. See “Withdrawals” in the prospectus. However, making any withdrawals in any year greater than the MAW will reduce the Eligible Payment Amount and payments under the MGWB rider by the proportion that the withdrawal bears to the contract value at the time of the withdrawal. The MGWB rider will remain in force and you may continue to make withdrawals each year so long as:

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1)	your contract value is greater than zero;
2)	your MGWB Withdrawal Account is greater than zero;
3)	you have not reached your latest allowable annuity start date;
4)	you have not elected to annuitize your Contract; and
5)	you have not died (unless your spouse has elected to continue the Contract), changed the ownership of the Contract or surrendered the Contract.

The standard Contract provision limiting withdrawals to no more than 90% of the cash surrender value is not applicable under the MGWB rider.

Automatic Periodic Benefit Status. Under the MGWB rider, in the event your contract value is reduced to zero, your Contract is given Automatic Periodic Benefit Status, if:

1)	your MGWB Withdrawal Account is greater than zero;
2)	you have not reached your latest allowable annuity start date;
3)	you have not elected to annuitize your Contract; and
4)	you have not died, changed the ownership of the Contract or surrendered the Contract.

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Once your Contract is given Automatic Periodic Benefit Status, we will pay you the annual MGWB periodic payments, beginning on the next contract anniversary until the earliest of: (i) your Contract’s latest annuity start date; (ii) the death of the owner; or (iii) your MGWB Withdrawal Account is exhausted. These payments are equal to the lesser of the remaining MGWB Withdrawal Account or the MAW. We will reduce the MGWB Withdrawal Account by the amount of each payment. Once your Contract is given Automatic Periodic Benefit Status, we will not accept any additional premium payments in your Contract, and the Contract will not provide any benefits except those provided by the MGWB rider. Any other rider terminates. Your Contract will remain in Automatic Periodic Benefit Status until the earliest of: (i) payment of all MGWB periodic payments; (ii) payment of the Commuted Value (defined below); or (iii) the owner’s death.

On the Contract’s latest annuity start date, in lieu of making the remaining MGWB periodic payments, we will pay you the Commuted Value of your MGWB periodic payments remaining. We may, at our option, extend your annuity start date in order to continue the MGWB periodic payments. The Commuted Value is the present value of any then-remaining MGWB periodic payments at the current interest rate plus 0.50%. The current interest rate will be determined by the average of the Ask Yields for U.S. Treasury STRIPS as quoted by a national quoting service for period(s) applicable to the remaining payments. Once we pay you the last MGWB periodic payment or the Commuted Value, your Contract and the MGWB rider terminate.

Reset Option. Beginning on the fifth contract anniversary following the Rider Date, if the contract value is greater than the MGWB Withdrawal Account, you may choose to reset the MGWB Rider. The effect will be to terminate the existing MGWB Rider and add a new MGWB Rider (“New Rider”). The MGWB Withdrawal Account under the New Rider will equal the contract value on the date the New Rider is effective. The charge for the MGWB under the New Rider and any right to reset again will be based on the terms of the New Rider when it is issued. We reserve the right to limit the reset election to contract anniversaries only. If you elect the Reset Option, the Step-Up benefit is not available.

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Step-Up Benefit. If the Rider Date is the same as the Contract Date, beginning on the fifth contract anniversary following the Rider Date, if you have not made any previous withdrawals, you may elect to increase the MGWB Withdrawal Account, the adjusted Eligible Payment Amount and the MAW by a factor of 20%. This option is available whether or not the contract value is greater than the MGWB Withdrawal Account. If you elect the Step-Up Benefit:

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1)	we reserve the right to increase the charge for the MGWB Rider up to a maximum annual charge of 1.00% of contract value;
2)	you must wait at least five years from the Step-Up date to elect the Reset Option.

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The Step-Up Benefit may be elected only one time under the MGWB Rider. We reserve the right to limit the election of The Step-Up benefit to contract anniversary only. Please note that if you have a third party investment advisor who charges a separate advisory fee, and you have chosen to use withdrawals from your Contract to pay this fee, these will be treated as any other withdrawals, and the Step-Up Benefit will not be available.

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Death of Owner

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Before Automatic Periodic Benefit Status. The MGWB rider terminates on the first owner’s date of death (death of annuitant, if there is a non-natural owner), but the death benefit is payable. However, if the beneficiary is the owner’s spouse, the spouse elects to continue the Contract, and the contract value steps up to the minimum guaranteed death benefit, the MGWB Withdrawal Account and MAW are also reset. The MGWB charge will continue at the existing rate. Reset upon spousal continuation does not affect any then existing Reset Option.

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During Automatic Periodic Benefit Status. The death benefit payable during Automatic Periodic Benefit Status is your MGWB Withdrawal Account which equals the sum of the remaining MGWB periodic payments.

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Purchase and Charge. To purchase the MGWB rider, you must be age 80 or younger on the Rider Date. The MGWB rider must be purchased on the contract date. The charge for the MGWB rider is as follows:

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Maximum Annual Charge if Step-Up	Current Annual Charge
Benefit Elected	(Charge Deducted Quarterly)
1.00% of the contract value	0.45% of the contract value

Minimum Guaranteed Withdrawal Benefit (MGWB). The annual charge for the MGWB rider is 0.45% (0.12% quarterly) of the contract value. Before May 1, 2005, the annual charge was 0.35% of the contract value. The charge is deducted from the contract value on each quarterly contract anniversary date, in arrears. We will deduct charges during the period starting on the rider date and up to your Contract’s Automatic Periodic Benefit Status. Automatic Periodic Benefit Status will occur if your contract value is reduced to zero and other conditions are met. Please see “Minimum Guaranteed Withdrawal Benefit - Automatic Periodic Benefit Status” in this prospectus. If you elect the Step-Up Benefit, we reserve the right to increase the charge for the MGWB rider, subject to the maximum annual charge of 1.00% of contract value. If you surrender or annuitize your Contract, we will deduct a pro-rata portion of the charge for the current quarter based on the current quarterly charge rate immediately prior to the surrender or annuitization.

MGWB Excess Withdrawal Amount Examples

The following are examples of adjustments to the MGWB Withdrawal Account and the Maximum Annual Withdrawal Amount for transfers and withdrawals in excess of the Maximum Annual Withdrawal Amount (“Excess Withdrawal Amount”).

Example # 1: Contract Value is greater than the MGWB Withdrawal Account

Assume the Contract Value (CV) before the withdrawal is $120,000, the Eligible Payment Amount (EPA) is $100,000, the Maximum Annual Withdrawal Amount (MAW) is $7,000, the MGWB Withdrawal Account (“Withdrawal Account”) is $80,000, and a withdrawal of $10,000 is made. The effect of the withdrawal is calculated as follows:

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The new CV is $110,000 ($120,000 - $10,000).

The Excess Withdrawal Amount is $3,000 ($10,000 - $7,000).

The MGWB Withdrawal Account is first reduced dollar-for-dollar by the portion of the withdrawal up to the MAW to $73,000 ($80,000 - $7,000), and is then reduced pro-rata based on the ratio of the Excess Withdrawal Amount to the CV (after being reduced for the withdrawal up to the MAW) to $71,061.95 ($73,000 * (1 - $3,000 / $113,000)).

The EPA is reduced pro-rata based on the ratio of the Excess Withdrawal Amount to the CV (after being reduced for the withdrawal up to the MAW) to $97,345.13 ($100,000 * (1 - $3,000 / $113,000)). The MAW is then recalculated to be 7% of the new EPA, $6,814.15 ($97,345.13 * 7%).

Example # 2: Contract Value is less than the MGWB Withdrawal Account

Assume the Contract Value (CV) before the withdrawal is $60,000, the Eligible Payment Amount (EPA) is $100,000, the Maximum Annual Withdrawal Amount (MAW) is $7,000, the MGWB Withdrawal Account (“Withdrawal Account”) is $80,000, and a withdrawal of $10,000 is made. The effect of the withdrawal is calculated as follows:

The new CV is $50,000 ($60,000 - $10,000).

The Excess Withdrawal Amount is $3,000 ($10,000 - $7,000).

The EPA is reduced pro-rata based on the ratio of the Excess Withdrawal Amount to the CV (after being reduced for the withdrawal up to the MAW) to $94,339.62 ($100,000 * (1 - $3,000 / $53,000)). The MAW is then recalculated to be 7% of the new EPA, $6,603.77 ($94,339.62 * 7%).

Example # 3: Contract Value is equal to the MGWB Withdrawal Account

Assume the Contract Value (CV) before the withdrawal is $80,000, the Eligible Payment Amount (EPA) is $100,000, the Maximum Annual Withdrawal Amount (MAW) is $7,000, the MGWB Withdrawal Account (“Withdrawal Account”) is $80,000, and a withdrawal of $10,000 is made. The effect of the withdrawal is calculated as follows:

The new CV is $70,000 ($80,000 - $10,000).

The Excess Withdrawal Amount is $3,000 ($10,000 - $7,000).

The EPA is reduced pro-rata based on the ratio of the Excess Withdrawal Amount to the CV (after being reduced for the withdrawal up to the MAW) to $95,890.41 ($100,000 * (1 - $3,000 / $73,000)). The MAW is then recalculated to be 7% of the new EPA, $6,712.32 ($95,890.41 * 7%).

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ReliaStar Life Insurance Company of New York

ReliaStar Life Insurance Company of New York is a stock company domiciled in New York.

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PART B

Statement of Additional Information

ING EMPIRE TRADITIONS VARIABLE ANNUITY

Deferred Variable Annuity Prospectus

Issued by
SEPARATE ACCOUNT NY-B

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

This Statement of Additional Information is not a Prospectus. The information contained herein should be read in conjunction with the prospectus for the ReliaStar Life Insurance Company of New York deferred variable contract which is referred to herein. The prospectus sets forth information that a prospective investor ought to know before investing. For a copy of the prospectus, send a written request to ReliaStar Life Insurance Company of New York, Customer Service Center, P.O. Box 9271 Des Moines, Iowa 50306-9271 or telephone 1-800-366-0066, or access the SEC’s website (http://www.sec.gov).

DATE OF PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION:

May 1, 2009


Table of Contents

Item	Page

Introduction	1
Description of ReliaStar Life Insurance Company of New York	1
Separate Account NY-B of ReliaStar Life Insurance Company of New York	1
Safekeeping of Assets	1
The Administrator	1
Independent Registered Public Accounting Firm	2
Distribution of Contracts	2
Published Ratings	2
Accumulation Unit Value	2
Performance Information	3
Other Information	3
Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York	5
Financial Statements of Separate Account NY-B	5
Condensed Financial Information (Accumulation Unit Value)	5

Introduction

This Statement of Additional Information provides background information regarding Separate Account NY-B.

Description of ReliaStar Life Insurance Company of New York

ReliaStar Life Insurance Company of New York (“RLNY”) is a New York stock life insurance company originally incorporated on June 11, 1917 under the name, The Morris Plan Insurance Society. RLNY is authorized to transact business in all states, the District of Columbia, the Dominican Republic and the Cayman Islands and is principally engaged in the business of providing individual life insurance and annuities, employee benefit products and services, retirement plans, and life and health insurance. Until October 1, 2003, RLNY was a wholly-owned subsidiary of Security-Connecticut Life Insurance Company (“Security-Connecticut”). Effective October 1, 2003, Security-Connecticut merged with and into its parent, ReliaStar Life Insurance Company (“ReliaStar”). ReliaStar is an indirect wholly-owned subsidiary of ING Groep, N.V. (“ING”), a global financial services holding company based in The Netherlands. RLNY’s financial statements appear in the Statement of Additional Information.

As of December 31, 2008, RLNY had approximately $279.8 million in stockholder's equity and approximately $3,275.5 billion in total assets, including approximately $980.2 billion of separate account assets. RLNY, an affiliate of ING USA, is licensed to do variable annuity business in the state of New York.

Separate Account NY-B of ReliaStar Life Insurance Company of New York

Separate Account NY–B is a separate account established by the Company for the purpose of funding variable annuity contracts issued by the Company. The separate account is registered with the Securities and Exchange Commission (“SEC”) as a unit investment trust under the Investment Company act of 1940, as amended. Purchase payments to accounts under the contract may be allocated to one or more of the subaccounts. Each subaccount invests in the shares of only one of the funds offered under the contracts. We may make additions to, deletions from or substitutions of available investment options as permitted by law and subject to the conditions of the contract. The availability of the funds is subject to applicable regulatory authorization. Not all funds are available in all jurisdictions or under all contracts.

ING also owns Directed Services LLC the investment manager of ING Investors Trust and the distributor of the Contracts, and other interests. ING also owns ING Investments, LLC and ING Investment Management, LLC, portfolio managers of ING Investors Trust and the investment managers of the ING Variable Insurance Trust and the ING Variable Products Trust, respectively. ING also owns Baring International Investment Limited, another portfolio manager of ING Investors Trust. Our principle office is located at 1000 Woodbury Road, Suite 208, Woodbury, New York 11797.

Safekeeping of Assets

RLNY acts as its own custodian for Separate Account NY–B.

The Administrator

On November 8, 1996, First Golden American Life Insurance Company of New York (“First Golden”) and ING USA Annuity and Life Insurance Company (“ING USA”) entered into an administrative service agreement pursuant to which ING USA agreed to provide certain accounting, actuarial, tax, underwriting, sales, management and other services to First Golden. Beginning on April 1, 2002, the effective date of the merger of First Golden into RLNY (“merger date”), the expenses incurred by ING USA in relation to this service agreement will be reimbursed by RLNY on an allocated cost basis. As of the merger date, RLNY will be obligated to reimburse these expenses. For the years ended December 31, 2008, 2007 and 2006, RLNY incurred expenses of $0, $0 and $0, respectively, under the agreement with ING USA.

Also on November 8, 1996, First Golden, ING USA and Directed Services LLC entered into a service agreement pursuant to which First Golden and ING USA agreed to provide Directed Services LLC certain of its personnel to perform management, administrative and clerical services and the use of certain of its facilities. As of the merger date, RLNY will provide its personnel to provide such services. RLNY expects to charge Directed Services LLC for such expenses and all other general and administrative costs, first on the basis of direct charges when identifiable and second allocated based on the estimated amount of time spent by RLNY’s employees on behalf of Directed Services LLC. For the year ended December 31, 2008, there were no charges to ING USA and Directed Services LLC for these services.

Independent Registered Public Accounting Firm

Ernst & Young LLP, 55 Ivan Allen Jr. Boulevard, Suite 1000, Atlanta, Georgia 30308, an Independent Registered Public Accounting Firm, performs annual audits of RLNY and Separate Account NY-B.

Distribution of Contracts

The offering of contracts under the prospectus associated with this Statement of Additional Information is continuous. Directed Services LLC, an affiliate of RLNY, acts as the principal underwriter (as defined in the Securities Act of 1933 and the Investment Company Act of 1940, as amended) of the variable insurance products (the “variable insurance products”) issued by RLNY. The contracts are distributed through registered representatives of other broker-dealers who have entered into selling agreements with Directed Services LLC. For the years ended 2008, 2007 and 2006 commissions paid by ING USA, including amounts paid by its affiliated Company, ReliaStar Life Insurance Company of New York, to Directed Services LLC aggregated $17,072,601, $13,679,409 and $10,048,681, respectively. As of the merger date, RLNY became the depositor for these variable insurance products. All commissions received by the distributor were passed through to the broker-dealers who sold the contracts. Directed Services LLC is located at 1475 Dunwoody Drive, West Chester, Pennsylvania 19380-1478.

Published Ratings

From time to time, the rating of RLNY as an insurance company by A.M. Best Company may be referred to in advertisements or in reports to contract owners. Each year A.M. Best Company reviews the financial status of thousands of insurers, culminating in the assignment of Best’s Ratings. These ratings reflect their current opinion of the relative financial strength and operating performance of an insurance company in comparison to the norms of the life/health insurance industry. Best’s ratings range from A++ to F. An A++ and a A+ rating means, in the opinion of A.M. Best, that the insurer has demonstrated the strongest ability to meet its respective policyholder and other contractual obligations.

Accumulation Unit Value

The calculation of the Accumulation Unit Value (“AUV”) is discussed in the prospectus for the Contracts under “Performance Information.” Note that in your Contract, contract value is referred to as accumulation value. The following illustrations show a calculation of a new AUV and the purchase of Units (using hypothetical examples). Note that the examples below are calculated for a Contract issued with the Annual Ratchet Death Benefit Option, the death benefit option with the highest mortality and expense risk charge. The mortality and expense risk charge associated with the Standard Death Benefit Option is lower than that used in the examples and would result in higher AUV’s or contract values.


Illustration of Calculation of AUV
Example 1.
1.	AUV, beginning of period	$10.00000000
2.	Value of securities, beginning of period	$10.00000000
3.	Change in value of securities	0.10000000
4.	Gross investment return (3) divided by (2)	0.01000000
5.	Less daily mortality and expense charge	0.00003446
6.	Less asset based administrative charge	0.00000411
7.	Net investment return (4) minus (5) minus (6)	0.00996163
8.	Net investment factor (1.000000) plus (7)	1.00996163
9.	AUV, end of period (1) multiplied by (8)	$10.09961430

Illustration of Purchase of Units (Assuming No State Premium Tax)
Example 2.
1.	Initial Premium Payment	$1,000
2.	AUV on effective date of purchase (see Example 1)	$10.00000000
3.	Number of Units purchased [(1) divided by (2)]	100.00000000
4.	AUV for valuation date following purchase (see Example 1)	$10.09961430
5.	Contract Value in account for valuation date following
	purchase [(3) multiplied by (4)]	$1,009.96

Performance Information

From time to time, we may advertise or include in reports to contract owners performance information for the subaccounts of Separate Account NY–B, including the average annual total return performance, yields and other nonstandard measures of performance. Such performance data will be computed, or accompanied by performance data computed, in accordance with standards defined by the SEC.

Except for the Liquid Assets subaccount, quotations of yield for the subaccounts will be based on all investment income per unit (contract value divided by the accumulation unit) earned during a given 30-day period, less expenses accrued during such period. Information on standard total average annual return performance will include average annual rates of total return for 1, 5 and 10 year periods, or lesser periods depending on how long Separate Account NY–B has been investing in the portfolio. We may show other total returns for periods of less than one year. Total return figures will be based on the actual historic performance of the subaccounts of Separate Account NY–B, assuming an investment at the beginning of the period when the separate account first invested in the portfolio and withdrawal of the investment at the end of the period, adjusted to reflect the deduction of all applicable portfolio and current contract charges. We may also show rates of total return on amounts invested at the beginning of the period with no withdrawal at the end of the period. Total return figures which assume no withdrawals at the end of the period will reflect all recurring charges, but will not reflect the surrender charge. In addition, we may present historic performance data for the investment portfolios since their inception reduced by some or all of the fees and charges under the Contract. Such adjusted historic performance includes data that precedes the inception dates of the subaccounts of Separate Account NY-B. This data is designed to show the performance that would have resulted if the Contract had been in existence before the separate account began investing in the portfolios.

Current yield for the Liquid Assets subaccount is based on income received by a hypothetical investment over a given 7-day period, less expenses accrued, and then “annualized” (i.e., assuming that the 7-day yield would be received for 52 weeks). We calculate “effective yield” for the Liquid Assets subaccount in a manner similar to that used to calculate yield, but when annualized, the income earned by the investment is assumed to be reinvested. The “effective yield” will thus be slightly higher than the “yield” because of the compounding effect of earnings. We calculate quotations of yield for the remaining subaccounts on all investment income per accumulation unit earned during a given 30-day period, after subtracting fees and expenses accrued during the period, assuming no surrender. You should be aware that there is no guarantee that the Liquid Assets subaccount will have a positive or level return.

We may compare performance information for a subaccount to: (i) the Standard & Poor’s 500 Stock Index, Dow Jones Industrial Average, Donoghue Money Market Institutional Averages, or any other applicable market indices; (ii) other variable annuity separate accounts or other investment products tracked by Lipper Analytical Services (a widely used independent research firm which ranks mutual funds and other investment companies), or any other rating service; and (iii) the Consumer Price Index (measure for inflation) to determine the real rate of return of an investment in the Contract. Our reports and promotional literature may also contain other information including the ranking of any subaccount based on rankings of variable annuity separate accounts or other investment products tracked by Lipper Analytical Services or by similar rating services.

Performance information reflects only the performance of a hypothetical contract and should be considered in light of other factors, including the investment objective of the investment portfolio and market conditions. Please keep in mind that past performance is not a guarantee of future results.

Other Information

Registration statements have been filed with the SEC under the Securities Act of 1933 as amended, with respect to the Contracts discussed in this Statement of Additional Information. Not all of the information set forth in the registration statements, amendments and exhibits thereto has been included in this Statement of Additional Information. Statements contained in this Statement of Additional Information concerning the content of the Contracts and other legal instruments are intended to be summaries. For a complete statement of the terms of these documents, reference should be made to the instruments filed with the Securities and Exchange Commission.

FINANCIAL STATEMENTS OF RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

The audited Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York are

listed below and are included in this Statement of Additional Information:

Report of Independent Registered Public Accounting Firm

Audited Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York

Balance Sheets - Statutory Basis as of December 31, 2008 and 2007

Statements of Operations – Statutory Basis for the years ended December 31, 2008, 2007 and 2006

Statements of Changes in Capital and Surplus – Statutory Basis for the years ended December 31,

2008, 2007 and 2006

Statements of Cash Flows – Statutory Basis for the years ended December 31, 2008, 2007 and 2006

Notes to Financial Statements

FINANCIAL STATEMENTS OF RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

The audited Financial Statements of ReliaStar Life Insurance Company of New York Separate Account

NY–B are listed below and are included in this Statement of Additional Information:

Report of Independent Registered Public Accounting Firm

Audited Financial Statements of ReliaStar Life Insurance Company of New York Separate

Account NY–B

Statements of Assets and Liabilities as of December 31, 2008

Statements of Operations for the year ended December 31, 2008

Statements of Changes in Net Assets for the years ended December 31, 2008 and 2007

Notes to Financial Statements

CONDENSED FINANCIAL INFORMATION

FINANCIAL STATEMENTS — STATUTORY BASIS
ReliaStar Life Insurance Company of New York
For the years ended December 31, 2008, 2007 and 2006
with Report of Independent Registered Public Accounting Firm

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Financial Statements – Statutory Basis



Contents

Report of Independent Registered Public Accounting Firm		1

Audited Financial Statements Statutory Basis

Balance Sheets Statutory Basis – as of December 31, 2008 and 2007		3
Statements of Operations Statutory Basis – for the years ended December 31, 2008,
2007 and 2006		5
Statements of Changes in Capital and Surplus Statutory Basis – for the years ended
December 31, 2008, 2007 and 2006		6
Statements of Cash Flows Statutory Basis – for the years ended December 31, 2008,
2007 and 2006		7
Notes to Financial Statements Statutory Basis		8

Report of Independent Registered Public Accounting Firm

Board of Directors and Stockholder

ReliaStar Life Insurance Company of New York

We have audited the accompanying statutory basis balance sheets of ReliaStar Life Insurance

Company of New York (the “Company,” a wholly owned direct subsidiary of ING America

Insurance Holdings, Inc.), as of December 31, 2008 and 2007, and the related statutory basis

statements of operations, changes in capital and surplus, and cash flows for each of the three

years in the period ended December 31, 2008. These financial statements are the responsibility

of the Company’s management. Our responsibility is to express an opinion on these financial

statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting

Oversight Board (United States). Those standards require that we plan and perform the audit to

obtain reasonable assurance about whether the financial statements are free of material

misstatement. We were not engaged to perform an audit of the Company’s internal control over

financial reporting. Our audits included consideration of internal control over financial reporting

as a basis for designing audit procedures that are appropriate in the circumstances, but not for the

purpose of expressing an opinion on the effectiveness of the Company’s internal control over

financial reporting. Accordingly, we express no such opinion. An audit also includes

examining, on a test basis, evidence supporting the amounts and disclosures in the financial

statements, assessing the accounting principles used and significant estimates made by

management, and evaluating the overall financial statement presentation. We believe that our

audits provide a reasonable basis for our opinion.

As described in Note 1 to the financial statements, the Company presents its financial statements

in conformity with accounting practices prescribed or permitted by the New York State

Insurance Department (“New York Insurance Department”), which practices differ from U.S.

generally accepted accounting principles. The variances between such practices and U.S.

generally accepted accounting principles and the effects on the accompanying financial

statements are described in Note 1. The effects on the financial statements of these variances are

not reasonably determinable but are presumed to be material.

In our opinion, because of the effects of the matter described in the preceding paragraph, the

financial statements referred to above do not present fairly, in conformity with U.S. generally

accepted accounting principles, the financial position of ReliaStar Life Insurance Company of

New York at December 31, 2008 and 2007, or the results of its operations or its cash flows for

each of the three years in the period ended December 31, 2008.

However, in our opinion, the financial statements referred to above present fairly, in all material

respects, the financial position of ReliaStar Life Insurance Company of New York at December

31, 2008 and 2007, and the results of its operations and its cash flows for each of the three years

in the period ended December 31, 2008, in conformity with accounting practices prescribed or

permitted by the New York Insurance Department.

/s/ Ernst & Young LLP

Atlanta, Georgia

April 3, 2009

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Balance Sheets - Statutory Basis

	December 31
	2008		2007
	(In Thousands)
Admitted assets
Cash and invested assets:
Bonds	$ 1,786,738	$ 1,751,153
Preferred stocks	1,210		3,973
Common stocks	1,484		1,674
Mortgage loans	122,322		136,154
Contract loans	101,514		100,781
Other invested assets	36,192		35,071
Cash and short term investments	19,873		44,895
Total cash and invested assets	2,069,333		2,073,701

Deferred and uncollected premiums, less loading (2008-$3,775; 2007-$4,624)	(41,804)		16,052
Accrued investment income	18,983		18,083
Reinsurance balances recoverable	63,428		8,830
Indebtedness from related parties	92,906		5,696
Federal income tax recoverable (including $3,456 on
realized capital losses at December 31, 2008)	3,374		-
Net deferred tax asset	19,981		14,798
Separate account assets	980,972		1,114,687
Other assets	298		169
Total admitted assets	$ 3,207,471	$ 3,252,016




The accompanying notes are an integral part of these financial statements.

3

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Balance Sheets - Statutory Basis

	December 31
	2008	2007
	(In Thousands,
	except share amounts)
Liabilities and capital and surplus
Liabilities:
Policy and contract liabilities:
Life and annuity reserves	$ 1,761,516	$ 1,595,694
Accident and health reserves	38,199	32,045
Deposit type contracts	70,265	68,374
Policyholders’ funds	1,383	1,567
Dividends payable	891	834
Policy and contract claims	32,951	45,861
Total policy and contract liabilities	1,905,205	1,744,375

Interest maintenance reserve	-	1,486
Accounts payable and accrued expenses	7,133	6,822
Reinsurance balances	5,045	1,831
Indebtedness to related parties	17,770	17,805
Current federal income taxes payable (including $(1,569) on
realized capital losses at December 31, 2007)	-	10,189
Contingency reserve	4,109	6,590
Asset valuation reserve	17,409	16,699
Borrowed money	73,833	71,655
Net transfers to separate accounts	(39,777)	(39,384)
Other liabilities	13,808	12,311
Separate account liabilities	980,972	1,114,687
Total liabilities	2,985,507	2,965,066

Capital and surplus:
Common stock: $2.00 par value; 1,377,863 shares authorized, issued
and outstanding	2,756	2,756
Paid in and contributed surplus	228,881	138,881
Unassigned (deficit) surplus	(9,673)	145,313
Total capital and surplus	221,964	286,950
Total liabilities and capital and surplus	$ 3,207,471	$ 3,252,016




The accompanying notes are an integral part of these financial statements.

4

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Statements of Operations – Statutory Basis


	Year ended December 31
	2008	2007	2006
	(In Thousands)
Premiums and other revenues:
Life, annuity, and accident and health premiums	$ 525,488	$ 451,131	$ 423,674
Considerations for supplementary contracts with life contingencies	13,103	771	335
Net investment income	112,999	117,963	112,195
Amortization of interest maintenance reserve	(220)	306	1,590
Commissions, expense allowances and reserve adjustments on
reinsurance ceded	72,114	58,684	5,496
Other revenues	27,351	19,144	15,664
Total premiums and other revenues	750,835	647,999	558,954

Benefits paid or provided:
Death benefits	79,180	93,971	83,354
Annuity benefits	16,237	15,047	18,644
Surrender benefits and withdrawals	181,034	161,796	161,361
Interest on policy or contract funds	3,399	3,141	2,812
Accident and health benefits	29,314	28,082	11,854
Other benefits	1,440	1,084	1,123
Increase (decrease) in life, annuity, and accident and health reserves	171,324	(3,185)	39,991
Net transfers to separate accounts	297,888	184,650	125,313
Total benefits paid or provided	779,816	484,586	444,452

Insurance expenses and other deductions:
Commissions	54,535	54,765	41,702
General expenses	56,515	51,988	53,402
Insurance taxes, licenses and fees	9,044	6,991	7,111
Other deductions (recovered expenses)	40,606	40,103	(6,862)
Total insurance expenses and other deductions	160,700	153,847	95,353
(Loss) gain from operations before policyholder dividends,
federal income taxes and net realized capital losses	(189,681)	9,566	19,149
Dividends to policyholders	844	915	669
(Loss) gain from operations before federal income taxes and net realized
capital losses	(190,525)	8,651	18,480
Federal income tax expense (benefit)	4,302	16,585	(211)
(Loss) gain from operations before net realized capital losses	(194,827)	(7,934)	18,691
Net realized capital losses	(2,080)	(4,838)	(811)
Net (loss) income	$ (196,907)	$ (12,772)	$ 17,880




The accompanying notes are an integral part of these financial statements.

5

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Statements of Changes in Capital and Surplus—Statutory Basis

	Year ended December 31
	2008	2007	2006
	(In Thousands)
Common stock:
Balance at beginning and end of year	$ 2,756	$ 2,756	$ 2,756

Paid-in and contributed surplus:
Balance at beginning of year	138,881	138,881	138,881
Capital contribution	90,000	-	-
Balance at end of year	228,881	138,881	138,881

Unassigned (deficit) surplus:
Balance at beginning of year	145,313	136,575	138,259
Net (loss) income	(196,907)	(12,772)	17,880
Change in net unrealized capital losses	(898)	3,020	2,898
Change in nonadmitted assets	(52,660)	(3,889)	8,055
Change in liability for reinsurance in unauthorized companies	(4,009)	(538)	2,962
Change in asset valuation reserve	(710)	(1,892)	(455)
Change in net deferred income tax	61,935	2,566	(5,542)
Change in surplus as a result of reinsurance	39,976	41,385	-
Amortization of deferred gain on reinsurance transaction	(1,713)	(345)	-
Other changes in surplus	-	(117)	118
Dividends to stockholder	-	(18,680)	(27,600)
Balance at end of year	(9,673)	145,313	136,575
Total capital and surplus	$ 221,964	$ 286,950	$ 278,212




The accompanying notes are an integral part of these financial statements.

6

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Statements of Cash Flows—Statutory Basis


	Year ended December 31
	2008	2007	2006
	(In Thousands)
Operations
Premiums, policy proceeds, and other considerations received,
net of reinsurance paid	$ 587,695	$ 450,940	$ 396,182
Net investment income received	113,400	118,747	115,293
Commission and expenses paid	(120,666)	(111,520)	(93,750)
Benefits paid	(324,973)	(295,476)	(259,509)
Net transfers from separate accounts	(297,904)	(197,237)	(134,283)
Dividends paid to policyholders	(797)	(777)	(622)
Federal income taxes paid	(21,349)	(2,201)	(343)
Miscellaneous income	54,509	76,990	25,134
Net cash (used in) provided by operations	(10,085)	39,466	48,102

Investment activities
Proceeds from sales, maturities, or repayments of investments:
Bonds	1,457,837	1,540,034	1,324,740
Stocks	2,969	2,143	-
Mortgage loans	21,933	29,100	38,393
Other invested assets	12,319	4,053	5,046
Net losses on cash and short term investments	-	-	(1,333)
Miscellaneous proceeds	26,028	4,375	352
Total investment proceeds	1,521,086	1,579,705	1,367,198
Cost of investments acquired:
Bonds	1,517,547	1,595,895	1,315,331
Stocks	1,035	2,156	54
Mortgage loans	8,100	7,080	4,100
Other invested assets	15,040	9,611	6,768
Miscellaneous applications	268	1,028	4,940
Total cost of investments acquired	1,541,990	1,615,770	1,331,193
Net increase in contract loans	(733)	(3,119)	(4,220)
Net cash (used in) provided by investment activities	(21,637)	(39,184)	31,785

Financing and miscellaneous activities
Other cash provided (applied):
Borrowed money	2,178	594	(26,663)
Net deposits (withdrawals) on deposit type contracts	1,893	(6,300)	2,170
Dividends paid to stockholder	-	(18,680)	(27,600)
Other cash provided (applied)	2,629	4,034	(8,809)
Net cash provided by (used in) financing and miscellaneous activities	6,700	(20,352)	(60,902)
Net (decrease) increase in cash and short term investments	(25,022)	(20,070)	18,985
Cash and short term investments:
Beginning of year	44,895	64,965	45,980
End of year	$ 19,873	$ 44,895	$ 64,965




7

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

1.		Nature of Operations and Significant Accounting Policies

		ReliaStar Life Insurance Company of New York (the "Company") is domiciled in New
		York and is a wholly owned subsidiary of ReliaStar Life Insurance Company
		("ReliaStar"), a Minnesota domiciled insurance company. ReliaStar is a wholly owned
		subsidiary of Lion Connecticut Holdings Inc. (“Lion”), a Connecticut domiciled non-
		insurance holding company. Lion, in turn, is a wholly owned subsidiary of ING America
		Insurance Holdings, Inc. (“ING AIH”), a Delaware domiciled non-insurance holding
		company. The Company’s ultimate parent is ING Groep, N.V. (“ING”), a global
		financial services company based in the Netherlands.

		The Company principally provides and distributes life insurance and related financial
		services products, including individual life insurance and annuities, group life, and health
		products and services. The Company’s strategy is to offer a wide variety of products and
		services designed to address customers’ needs for financial security, especially tax
		advantaged savings for retirement and protection in the event of death. The Company is
		presently licensed in all 50 states and the District of Columbia.

		Basis of Presentation: The preparation of the financial statements of the Company
		requires management to make estimates and assumptions that affect amounts reported in
		the financial statements and accompanying notes. Such estimates and assumptions could
		change in the future as more information becomes known, which could impact the
		amounts reported and disclosed herein.

		The accompanying financial statements of the Company have been prepared in
		conformity with accounting practices prescribed or permitted by the New York Insurance
		Department, which practices differ from United States generally accepted accounting
		principles (“GAAP”). The more significant variances from GAAP are:

		Investments: Investments in bonds and mandatory redeemable preferred stocks are
		reported at amortized cost or market value based on the National Association of
		Insurance Commissioners (“NAIC”) rating; for GAAP, such fixed maturity investments
		are designated at purchase as held to maturity, trading or available for sale. Held to
		maturity investments are reported at amortized cost, and the remaining fixed maturity
		investments are reported at fair value with unrealized capital gains and losses reported in
		operations for those designated as trading and as a separate component of other
		comprehensive income in stockholder’s equity for those designated as available for sale.

		The Company invests in structured securities including mortgage backed securities,
		collateralized mortgage obligations, asset backed securities, collateralized debt
		obligations, and commercial mortgage backed securities. For these structured securities,
		management compares the undiscounted projected future cash flows to the carrying
		value. An other than temporary impairment is considered to have occurred when the
		undiscounted cash flows are less than the carrying value.


8

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

For GAAP, assets are re-evaluated based on the discounted projected future cash flows

using a current market rate. Impairments are recognized when the fair value is less than

book value and there has been an adverse change in projected future cash flows. When a

decline in fair value is determined to be other than temporary, the individual security is

written down to fair value.

Statement of Statutory Accounting Principles (“SSAP”) No. 31, Derivative Instruments

applies to derivative transactions entered into prior to January 1, 2003. The Company

also follows the hedge accounting guidance in SSAP No. 86, Accounting for Derivative

Instruments and Hedging Activities for derivative transactions entered into or modified

on or after January 1, 2003. Under SSAP 86, derivatives that are deemed effective

hedges are accounted for in a manner which is consistent with the underlying hedged

item. Derivatives used in hedging transactions that do not meet the requirements of

SSAP No. 86 as an effective hedge are carried at fair value with the change in value

recorded in surplus as unrealized gains or losses. Embedded derivatives are not

accounted for separately from the host contract. Under GAAP, the effective and

ineffective portions of a single hedge are accounted for separately. An embedded

derivative within a contract that is not clearly and closely related to the economic

characteristics and risk of the host contract is accounted for separately from the host

contract and valued and reported at fair value, and the change in fair value for cash flow

hedges is credited or charged directly to a separate component of shareholder’s equity

rather than to income as required for fair value hedges.

Valuation Reserves: The asset valuation reserve (“AVR”) is intended to establish a

reserve to offset potential credit related investment losses on most invested asset

categories. AVR is determined by an NAIC prescribed formula and is reported as a

liability rather than as a valuation allowance or an appropriation of surplus. The change

in AVR is reported directly to unassigned surplus.

Interest maintenance reserve (“IMR”) is a statutory policyholder liability established to

capture the realized capital gains and losses that result from changes in overall level of

interest rates, and amortize them into income over the remaining life of the investment

sold. Under a formula prescribed by the NAIC, the Company defers in the IMR the

portion of realized gains and losses on sales of fixed income investments, principally

bonds and mortgage loans, attributable to changes in the general level of interest rates

and amortizes those deferrals over the remaining period to maturity based on groupings

of individual securities sold in five year bands.

Realized gains and losses on investments are reported in the Statements of Operations net

of federal income tax and transfers to the IMR. Under GAAP, realized capital gains and

losses are reported in the Statements of Operations on a pretax basis in the period that the

asset giving rise to the gain or loss is sold. Realized losses due to impairment are

recorded when there has been a decline in value deemed to be other than temporary, in

which case the provision for such declines is charged to income.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

Valuation allowances, if necessary, are established for mortgage loans based on the

difference between the net value of the collateral, determined as the fair value of the

collateral less estimated costs to obtain and sell, and the recorded investment in the

mortgage loan. Under GAAP, such allowances are based on the present value of

expected future cash flows discounted at the loan’s effective interest rate or, if

foreclosure is probable, on the estimated fair value of the collateral.

The initial valuation allowance and subsequent changes in the allowance for mortgage

loans as a result of a temporary impairment are charged or credited directly to unassigned

surplus. Under GAAP, such allowances are included as a component of earnings.

Policy Acquisition Costs: The costs of acquiring and renewing business are expensed

when incurred. Under GAAP, acquisition costs related to traditional life insurance, to the

extent recoverable from future policy revenues, are deferred and amortized over the

premium paying period of the related policies using assumptions consistent with those

used in computing policy benefit reserves. For universal life insurance and investment

products, to the extent recoverable from future gross profits, acquisition costs are

amortized generally in proportion to the present value of expected gross profits from

surrender charges and investment, mortality, and expense margins.

Premiums: Life premiums are recognized as revenue when due. Premiums for annuity

policies with mortality and morbidity risk, except for guaranteed interest and group

annuity contracts, are also recognized as revenue when due. Premiums received for

annuity policies without mortality or morbidity risk and for guaranteed interest and group

annuity contracts are recorded using deposit accounting.

Under GAAP, premiums for traditional life insurance products, which include those

products with fixed and guaranteed premiums and benefits and consist primarily of whole

life insurance policies, are recognized as revenue when due. Group insurance premiums

are recognized as premium revenue over the time period to which the premiums relate.

Revenues for universal life, annuities and guaranteed interest contracts consist of policy

charges for the cost of insurance, policy administration charges, amortization of policy

initiation fees and surrender charges assessed during the period.

Benefit and Contract Reserves: Life policy and contract reserves under statutory

accounting practices are calculated based upon both the net level premium and

Commissioners’ Reserve Valuation methods (“CRVM”) using statutory rates for

mortality and interest. GAAP requires that policy reserves for traditional products be

based upon the net level premium method utilizing reasonably conservative estimates of

mortality, interest, and withdrawals prevailing when the policies were sold. For interest

sensitive products, the GAAP policy reserve is equal to the policy fund balance plus an

unearned revenue reserve which reflects the unamortized balance of early year policy

loads over renewal year policy loads.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

Reinsurance: For business ceded to unauthorized reinsurers, statutory accounting

practices require that reinsurance credits permitted by the treaty be recorded as an

offsetting liability and charged against unassigned surplus. Under GAAP, an allowance

for amounts deemed uncollectible would be established through a charge to earnings.

Statutory income recognized on certain reinsurance treaties representing financing

arrangements is not recognized on a GAAP basis.

Policy and contract liabilities ceded to reinsurers have been reported as reductions of the

related reserves rather than as assets as required under GAAP.

Commissions allowed by reinsurers on business ceded are reported as income when

received rather than being deferred and amortized with deferred policy acquisition costs

as required under GAAP.

Gains and losses generated in certain reinsurance transactions are deferred and amortized

over the remaining life of the business for GAAP purposes. For statutory, losses are

recognized immediately in income, with gains reported as a separate component of

surplus.

Nonadmitted Assets: Certain assets designated as “nonadmitted,” principally disallowed

deferred federal income tax assets, disallowed interest maintenance reserves, non

operating software, past due agents’ balances, furniture and equipment, intangible assets,

and other assets not specifically identified as an admitted asset within the NAIC

Accounting Practices and Procedures Manual, are excluded from the accompanying

Balance Sheets and are charged directly to unassigned surplus. Under GAAP, such assets

are included in the Balance Sheets.

Employee Benefits: For purposes of calculating the Company’s postretirement benefit

obligation, only vested participants and current retirees are included in the valuation.

Under GAAP, active participants not currently vested are also included.

Universal Life and Annuity Policies: Revenues for universal life and annuity policies

consist of the entire premium received and benefits incurred represent the total of death

benefits paid and the change in policy reserves. Under GAAP, premiums received in

excess of policy charges would not be recognized as premium revenue and benefits

would represent the excess of benefits paid over the policy account value and interest

credited to the account values.

Policyholder Dividends: Policyholder dividends are recognized when declared. Under

GAAP, dividends are recognized over the term of the related policies.

Deferred Income Taxes: Deferred tax assets are provided for and admitted to an amount

determined under a standard formula. This formula considers the amount of differences

that will reverse in the subsequent year, taxes paid in prior years that could be recovered

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

through carrybacks, surplus limits, and the amount of deferred tax liabilities available for

offset. Any deferred tax assets not covered under the formula are nonadmitted. Deferred

taxes do not include any amounts for state taxes. Under GAAP, a deferred tax asset is

recorded for the amount of gross deferred tax assets that are expected to be realized in

future years and a valuation allowance is established for the portion that is not realizable.

Statements of Cash Flows: Cash and short term investments in the Statements of Cash

Flows represent cash balances, demand deposits and short-term fixed maturity

investments with initial maturities of one year or less at the date of acquisition. Under

GAAP, the corresponding caption of cash and cash equivalents includes cash balances

and investments with initial maturities of three months or less. Other invested assets

include cash loaned through the Company’s reciprocal loan program.

Reconciliation to GAAP: The effects of the preceding variances from GAAP on the

accompanying statutory basis financial statements have not been determined, but are

presumed to be material.

Other significant accounting practices are as follows:

Investments: Investments are stated at values prescribed by the NAIC, as follows:

Bonds not backed by other loans are principally stated at amortized cost using the

effective interest method.

Single class and multi class mortgage backed/asset backed securities are valued at

amortized cost using the effective interest method including anticipated prepayments.

Prepayment assumptions are obtained from dealer surveys or internal estimates and are

based on the current interest rate and economic environment. The retrospective

adjustment method is used to value all such securities except for higher risk asset backed

securities, which are valued using the prospective method. The Company has elected to

use the book value as of January 1, 1994 as the cost for applying the retrospective method

to securities purchased prior to that date where historical cash flows are not readily

available.

Redeemable preferred stocks rated as high quality or better are reported at cost or

amortized cost. All other redeemable preferred stocks are reported at the lower of cost,

amortized cost, or market value and nonredeemable preferred stocks are reported at

market value or the lower of cost or market value as determined by the Securities

Valuation Office of the NAIC (“SVO”).

Common stocks are reported at market value as determined by the SVO and the related

unrealized capital gains/losses are reported in unassigned surplus along with adjustment

for federal income taxes.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

The Company analyzes the general account investments to determine whether there has

been an other than temporary decline in fair value below the amortized cost basis.

Management considers the length of time and the extent to which the market value has

been less than cost, the financial condition and near term prospects of the issuer, future

economic conditions and market forecasts, and the Company's intent and ability to not

sell the investment in the issuer for a period of time sufficient to allow for recovery in

market value. If it is probable that all amounts due according to the contractual terms of

a debt security will not be collected, an other than temporary impairment is considered to

have occurred. The Company also considers the negative market impact of the interest

rate changes, in addition to credit related items, when performing other than temporary

impairment testing. As part of this testing, the Company determines whether or not it has

the intent to sell investments. If a decision to sell has been made, an other than temporary

impairment is considered to have occurred.

The Company uses derivatives such as interest rate swaps and options as part of its

overall interest rate risk management strategy for certain life insurance and annuity

products. For those derivatives in effective hedging relationships, the Company values

all derivative instruments on a consistent basis with the hedged item. Upon termination,

gains and losses on instruments are included in the carrying values of the underlying

hedged items and are amortized over the remaining lives of the hedged items as

adjustments to investment income or benefits from the hedged items. Any unamortized

gains or losses are recognized when the underlying hedged items are sold.

Credit default swaps and total return swaps are utilized to replicate the investment

characteristics of permissible investments using the derivative in conjunction with other

investments. Replicated (synthetic) assets filed with the NAIC SVO result in both the

derivative and cash instrument being carried at amortized cost. The replication practices

are in accordance with SSAP No. 86 permissible investments using the derivative in

conjunction with other investments.

Currency swap agreements generally involve the exchange of local and foreign currency

payments over the life of the agreement without an exchange of the underlying principal

amount.

Interest rate swap contracts are used to convert the interest rate characteristics (fixed or

variable) of certain investments to match those of the related insurance liabilities that the

investments are supporting. The net interest effect of such swap transactions is reported

as an adjustment of interest income from the hedged items as incurred.

Options are reported at fair value. The unrealized gains or losses from the options are

reported as unrealized gains or losses in surplus.

Mortgage loans are reported at amortized cost, less write down for impairments.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

Contract loans are reported at unpaid principal balances.

Reverse dollar repurchase agreements are accounted for as collateral borrowings, where

the amount borrowed is equal to the sales price of the underlying securities.

The Company engages in securities lending whereby certain domestic bonds from its

portfolio are loaned to other institutions for short periods of time. Collateral, primarily

cash, which is in excess of the market value of the loaned securities, is deposited by the

borrower with a lending agent, and retained and invested by the lending agent to generate

additional income for the Company. The Company does not have access to the collateral.

The Company’s policy requires a minimum of 102% of the fair value of securities loaned

to be maintained as collateral. The market value of the loaned securities is monitored on

a daily basis with additional collateral obtained or refunded as the market value

fluctuates.

Short term investments are reported at amortized cost which approximates market value

and include investments with maturities of one year or less from, the date of acquisition.

Partnership interests, which are included in other invested assets, are reported at the

underlying audited GAAP equity of the investee. Changes in surplus from distribution are

reported in investment income.

Realized capital gains and losses are determined using the first in first out method.

Cash on hand includes cash equivalents. Cash equivalents are short term investments that

are both readily convertible to cash and have an original maturity date of three months or

less.

Aggregate Reserve for Life Policies and Contracts: Life, annuity, and accident and health

reserves are developed by actuarial methods and are determined based on published

tables using statutorily specified interest rates and valuation methods that will provide, in

the aggregate, reserves that are greater than or equal to the minimum or guaranteed policy

cash value or the amounts required by law. Interest rates range from 2.3% to 8.8%.

The Company waives the deduction of deferred fractional premiums upon the death of

the insured. It is the Company’s practice to return a pro rata portion of any premium paid

beyond the policy month of death, although it is not contractually required to do so for

certain issues.

The methods used in valuation of substandard policies are as follows:

For life, endowment and term policies issued substandard, the standard reserve during the

premium paying period is increased by 50% of the gross annual extra premium. Standard

reserves are held on Paid Up Limited Pay contracts.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

For reinsurance accepted with table rating, the reserve established is a multiple of the

standard reserve corresponding to the table rating.

For reinsurance with flat extra premiums, the standard reserve is increased by 50% of the

flat extra.

The amount of insurance in force for which the gross premiums are less than the net

premiums, according to the standard of valuation required by the New York Insurance

Department, is $16.4 billion and $10.5 billion at December 31, 2008 and 2007,

respectively. The amount of premium deficiency reserves for policies on which gross

premiums are less than the net premiums is $112.2 and $87.3 at December 31, 2008 and

2007, respectively. The Company anticipates investment income as a factor in the

premium deficiency calculation in accordance with SSAP No. 54, Individual and Group

Accident and Health Contracts.

The tabular interest has been determined from the basic data for the calculation of policy

reserves for all direct ordinary life insurance and for the portion of group life insurance

classified as group Section 79. The method of determination of tabular interest of funds

not involving life contingencies is as follows: current year reserves, plus payments, less

prior year reserves, less funds added.

Reinsurance: Reinsurance premiums, commissions, expense reimbursements, and

reserves related to reinsured business are accounted for on a basis consistent with those

used in accounting for the original policies issued and the terms of the reinsurance

contracts. Reserves are based on the terms of the reinsurance contracts and are consistent

with the risks assumed. Premiums and benefits ceded to other companies have been

reported as a reduction of premium revenue and benefits expense. Amounts applicable to

reinsurance ceded for reserves and unpaid claim liabilities have been reported as

reductions of these items, and expense allowances received in connection with

reinsurance ceded have been reflected in operations.

Electronic Data Processing Equipment: Electronic data processing equipment is carried

at cost less accumulated depreciation. Depreciation for major classes of such assets is

calculated on a straight line basis over the estimated useful life of the asset.

Participating Insurance: Participating business approximates less than 2.0% of the

Company’s ordinary life insurance in force and less than 3.0% of premium income.

The amount of dividends to be paid to participating policyholders is determined annually

by the Board of Directors. Amounts allocable to participating policyholders are based on

published dividend projections or expected dividend scales. Dividends expense of $0.8,

$0.9 and $0.7 was incurred in 2008, 2007 and 2006, respectively.

Benefit Plans: The Company, through its parent or affiliates, provides noncontributory

retirement plans for substantially all employees and certain agents. Pension costs are

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

charged to operations as contributions are made to the plans. The Company also provides
a contributory retirement plan for substantially all employees.

Nonadmitted Assets: Nonadmitted assets are summarized as follows:
	December 31
	2008	2007
	(In Thousands)
Deferred federal income taxes	$ 113,476	$ 55,958
Agents’ debit balances	330	353
Deferred and uncollected premiums	1,348	5,378
Other	1,431	2,236
Total nonadmitted assets	$ 116,585	$ 63,925

Changes in nonadmitted assets are generally reported directly in unassigned surplus as an
increase or decrease in nonadmitted assets.

Claims and Claims Adjustment Expenses: Claims expenses represent the estimated
ultimate net cost of all reported and unreported claims incurred through December 31,
2008. The Company does not discount claims and claims adjustment expense reserves.
Such estimates are based on actuarial projections applied to historical claim payment
data. Such liabilities are considered to be reasonable and adequate to discharge the
Company’s obligations for claims incurred but unpaid as of December 31, 2008.

Guaranteed Benefits: For the Guaranteed Minimum Death Benefit (“GMDB”), Actuarial
Guideline 34 (“AG34”) is followed. All the methodology and assumptions (mortality
and interest) are contained in the guideline. AG34 interprets the standards for applying
the Commissioners’ Annuity Reserve Valuation Method (“CARVM”) to GMDBs in
variable annuity contracts where GMDBs are integrated with other benefits such as
surrenders and annuitizations. This guideline requires that GMDBs be projected
assuming an immediate drop in the value of the assets supporting the variable annuity
contract, followed by a subsequent recovery at a net assumed return. The immediate
drops and assumed returns used in the projections are provided in AG34 and vary by five
asset classes in order to reflect the risk/return differential inherent in each class. Contract
specific asset based charges are deducted to obtain the net assumed returns. This
guideline interprets mortality standards to be applied to projected GMDBs in the reserve
calculation.

In addition, this guideline clarifies standards for reinsurance transactions involving
GMDBs with the integrated benefit streams modified to reflect both the payment of
future reinsurance premiums and the recovery of future reinsured death benefits.

For the Guaranteed Minimum Income Benefits (“GMIB”), Guaranteed Minimum
Accumulation Benefits (“GMAB”) and Guaranteed Minimum Withdrawal Benefits
(“GMWB”), Actuarial Guideline 39 (“AG39”) is followed. AG39 has two parts, the


16

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

		minimum of which is accrued charges to date for the inforce and the other involves an
		asset adequacy test which can produce reserves in addition to the accrued charges.

		Reclassifications: Certain amounts in the Company’s statutory basis financial statements
		have been reclassified to conform to the 2008 financial statement presentation.

		Separate Accounts: Most separate account assets and liabilities held by the Company
		represent funds held for the benefit of the Company’s variable life and annuity policy and
		contract holders who bear all of the investment risk associated with the policies. Such
		policies are of a non-guaranteed nature. All net investment experience, positive or
		negative, is attributed to the policy and contract holders’ account values. The assets and
		liabilities of these accounts are carried at fair value and are legally segregated and are not
		subject to claims that arise out of any other business of the Company.

		Certain other separate accounts relate to experience rated group annuity contracts that
		fund defined contribution pension plans. These contracts provide guaranteed interest
		returns for one year only, where the guaranteed interest rate is reestablished each year
		based on the investment experience of the separate account. In no event can the interest
		rate be less than zero. The assets and liabilities of these separate accounts are carried at
		book value.

		Reserves related to the Company’s mortality risk associated with these policies are
		included in life and annuity reserves. These reserves include reserves for guaranteed
		minimum death benefits (before reinsurance) that totaled $22.6 and $5.0 at December 31,
		2008 and 2007, respectively. The operations of the separate accounts are not included in
		the accompanying financial statements.

2.		Permitted Statutory Basis Accounting Practices

		The financial statements of the Company are presented on the basis of accounting
		practices prescribed or permitted by the New York Insurance Department. The New York
		Insurance Department recognizes only statutory accounting practices prescribed or
		permitted by the State of New York for determining and reporting the financial condition
		and results of operations of an insurance company and for determining its solvency under
		the New York Insurance Laws. The NAIC Accounting Practices and Procedures Manual
		has been adopted as a component of prescribed or permitted practices by the State of
		New York. The New York Commissioner of Insurance has the right to permit other
		specific practices that deviate from prescribed practices.

		The Company is required to identify those significant accounting practices that are
		permitted, and obtain written approval of the practices from the New York Insurance
		Department. As of December 31, 2008, 2007, and 2006, the Company had no such
		permitted accounting practices.



17

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

3.	Investments

	The cost or amortized cost and fair value of bonds and equity securities are as follows:

		Cost or	Gross	Gross
		Amortized	Unrealized	Unrealized	Fair
		Cost	Gains	Losses	Value
		(In Thousands)
	At December 31, 2008:
	U.S. Treasury securities and
	obligations of U.S. government
	corporations and agencies	$ 201,311	$ 11,832	$ 1,725	$ 211,418
	States, municipalities,
	and political subdivisions	6,600	-	2,487	4,113
	Foreign other (par value - $207,242)	207,387	625	43,298	164,714
	Foreign government (par value - $3,982)	4,224	497	469	4,252
	Public utilities securities	25,943	-	3,301	22,642
	Corporate securities	719,407	7,556	104,038	622,925
	Residential backed securities	297,962	4,223	39,569	262,616
	Commercial mortgage backed securities	221,944	1	73,122	148,823
	Other asset backed securities	101,961	146	22,365	79,742
	Total fixed maturities	1,786,739	24,880	290,374	1,521,245
	Preferred stocks	1,210	-	484	726
	Common stocks	1,270	303	89	1,484
	Total equity securities	2,480	303	573	2,210
	Total	$ 1,789,219	$ 25,183	$ 290,947	$ 1,523,455

		Cost or	Gross	Gross
		Amortized	Unrealized	Unrealized	Fair
		Cost	Gains	Losses	Value
		(In Thousands)
	At December 31, 2007:
	U.S. Treasury securities and
	obligations of U.S. government
	corporations and agencies	$ 14,808	$ 532	$ 5	$ 15,335
	States, municipalities,
	and political subdivisions	6,751	-	705	6,046
	Foreign other (par value - $201,091)	201,918	1,383	7,360	195,941
	Foreign government (par value - $6,800)	7,230	586	25	7,791
	Public utilities securities	39,002	610	600	39,012
	Corporate securities	797,008	9,167	16,082	790,093
	Residential backed securities	327,699	704	6,721	321,682
	Commercial mortgage backed securities	224,609	1,117	5,721	220,005
	Other asset backed securities	132,312	398	4,471	128,239
	Total fixed maturities	1,751,337	14,497	41,690	1,724,144
	Preferred stocks	3,973	-	299	3,674
	Common stocks	1,359	347	32	1,674
	Total equity securities	5,332	347	331	5,348
	Total	$ 1,756,669	$ 14,844	$ 42,021	$ 1,729,492




		18

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

Reconciliation of bonds from amortized cost to carrying value is as follows:

			December 31
			2008	2007
			(In Thousands)
Amortized cost			$ 1,786,739	$ 1,751,337
Adjustments for below investment grade bonds			(1)	(184)
Carrying value			$ 1,786,738	$ 1,751,153


The aggregate market value of debt securities with unrealized losses and the time period
that cost exceeded fair value are as follows:

		More than 6
	Less than	months and less	More than
	6 months	than 12 months	12 months
	below cost	below cost	below cost		Total
December 31, 2008		(In Thousands)
Fair value	$ 233,454	$ 300,562	$ 537,323		$ 1,071,339
Unrealized loss	14,551	43,682	232,141		290,374

December 31, 2007
Fair value	$ 288,800	$ 276,436	$ 523,032		$ 1,088,268
Unrealized loss	5,503	19,337	16,850		41,690


The amortized cost and fair value of investments in bonds at December 31, 2008, by
contractual maturity, are shown below. Expected maturities may differ from contractual
maturities because borrowers may have the right to call or prepay obligations with or
without call or prepayment penalties.
			Amortized		Fair
			Cost		Value
			(In Thousands)
Maturity:
Due in 1 year or less			$ 29,976		$ 29,834
Due after 1 year through 5 years			231,038		206,707
Due after 5 years through 10 years			351,433		313,773
Due after 10 years			552,425		479,750
			1,164,872		1,030,064
Residential backed securities			297,962		262,616
Commercial mortgage backed securities			221,944		148,823
Other asset backed securities			101,961		79,742
Total			$ 1,786,739		$ 1,521,245


At December 31, 2008 and 2007, investments in certificates of deposit and bonds with an
admitted asset value of $6.0 and $5.4, respectively, were on deposit with state insurance
departments to satisfy regulatory requirements.



19

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

The Company had loaned securities, which are reflected as invested assets on the balance
sheets, with a market value of approximately $31.8 and $18.2 at December 31, 2008 and
2007, respectively.

Proceeds from sales of investments in bonds and other fixed maturity interest securities
were $0.5 billion, $0.6 billion and $0.5 billion in 2008, 2007 and 2006, respectively.
Gross gains of $7.1, $4.1, and $3.7 and gross losses of $15.3, $7.3, and $7.3 during 2008,
2007 and 2006, respectively, were realized on those sales. A portion of the gains and
losses realized in 2008, 2007, and 2006 has been deferred to future periods in the IMR.

Realized capital losses are reported net of federal income taxes and amounts transferred
to the IMR as follows:
		Year ended December 31
		2008	2007	2006
		(In Thousands)
Realized capital losses		$ (1,101)	$ (9,403)	$ (8,157)
Amount transferred to IMR (net of related taxes of
$(1,334) in 2008, $(1,613) in 2007 and $(2,764) in 2006)		2,477	2,996	5,133
Federal income tax (expense) benefit		(3,456)	1,569	2,213
Net realized capital losses		$ (2,080)	$ (4,838)	$ (811)

Realized capital losses include losses of $ 16.4, $5.4, and $3.9 related to securities that
have experienced an other-than-temporary decline in value in 2008, 2007, and 2006,
respectively.

Management regularly reviews the value of the Company’s investments. If the value of
any investment falls below its cost basis, the decline is analyzed to determine whether it
is an other than temporary decline in value. To make this determination for each security,
the following are some of the factors considered:

•	The length of time and the extent to which the fair value has been below cost;
•	The financial condition and near-term prospects of the issuer of the security,
	including any specific events that may affect its operations or earnings potential;
•	Management’s intent and ability to hold the security long enough for it to recover
	its value.

Based on that analysis, management makes a judgment as to whether the loss is other-
than-temporary. If the loss is other-than-temporary, an impairment charge is recorded
within net realized investment gains (losses) in the Statements of Income in the period the
determination is made.

For the years ended December 31, 2008 , 2007 and 2006 realized capital losses include
$0.7, $1.1 and $0.2 respectively related to Limited Partnerships that have experienced
an other-than-temporary decline in value.


20

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

Major categories of net investment income are summarized as follows:

	Year ended December 31
	2008	2007	2006
	(In Thousands)
Income:
Bonds	$ 97,940	$ 96,604	$ 93,961
Mortgage loans	9,091	9,688	12,662
Contract loans	6,776	7,092	6,755
Other	4,113	10,296	4,975
Total investment income	117,920	123,680	118,353
Investment expenses	(4,921)	(5,717)	(6,158)
Net investment income	$ 112,999	$ 117,963	$ 112,195

The Company entered into reverse dollar repurchase transactions to increase its return on
investments and improve liquidity. Reverse dollar repurchases involve a sale of
securities and an agreement to repurchase substantially the same securities as those sold.
The reverse dollar repurchases are accounted for as short term collateralized financing
and the repurchase obligation is reported in borrowed money on the Balance Sheets. The
repurchase obligation totaled $73.8 and $71.7 at December 31, 2008 and 2007,
respectively.

The securities underlying these agreements are mortgage backed securities with a book
value of $72.7 and $73.6 and fair value of $74.7 and $72.2 at December 31, 2008 and
2007, respectively. The securities had a weighted average coupon rate of 5.5% with
various maturity dates ending in December 2038. The primary risk associated with short
term collateralized borrowing is that the counterparty may be unable to perform under the
terms of the contract. The Company’s exposure is limited to the excess of the net
replacement cost of the securities over the value of the short term investments, which was
not material at December 31, 2008. The Company believes that the counterparties to the
reverse dollar repurchase agreements are financially responsible and that counterparty
risk is minimal.

The maximum and minimum lending rates for long term mortgage loans during 2008
were 6.6% and 5.8%. Fire insurance is required on all properties covered by mortgage
loans and must at least equal the excess of the loan over the maximum loan which would
be permitted by law on the land without the buildings.

The maximum percentage of any loan to the value of collateral at the time of the loan,
exclusive of insured or guaranteed or purchase money mortgages, was 52.6% on
commercial properties. As of December 31, 2008 and 2007, the Company held no
mortgages with interest more than 180 days overdue. No interest was past due as of
December 31, 2008 and 2007.

The Company had no impaired mortgage loans for 2008 or 2007.


21

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

Since the third quarter of 2007, credit markets have become more turbulent amid

concerns about subprime and Alt-A mortgages and collateralized debt obligations

(“CDOs”). This in turn has resulted in a general widening of credit spreads, reduced price

transparency, reduced liquidity, increased rating agency downgrades and increased

volatility across certain markets.

The Company does not originate or purchase subprime or Alt-A whole-loan mortgages.

The Company does have exposure to Residential Mortgage-Backed Securities (“RMBS”)

and asset-backed securities (“ABS”). Subprime lending is the origination of loans to

customers with weaker credit profiles. The Company defines Alt-A Loans to include

residential mortgage loans to customers who have strong credit profiles but lack some

element(s), such as documentation to substantiate income. Commencing in the fourth

quarter of 2007, the Company expanded its definition of Alt-A loans to include

residential mortgage loans to borrowers that would otherwise be classified as prime but

whose loan structure provides repayment options to the borrower that increase the risk of

default. Further, during the fourth quarter of 2007, the industry coalesced around

classifying any securities backed by residential mortgage collateral not clearly

identifiable as prime or subprime into the Alt-A category, and the Company is following

that lead. The following summarizes the Company’s exposure to subprime and Alt-A

mortgages as of December 31, 2008 and 2007.

Trading activity for the Company’s RMBS, particularly subprime and Alt-A RMBS, has

been declining during 2008 as a result of the dislocation of the credit markets. During

2008, the Company continued to obtain pricing information from commercial pricing

services and brokers.

However, the pricing for subprime and Alt-A RMBS did not represent regularly

occurring market transactions since the trading activity declined significantly in the

second half of 2008. As a result, the Company concluded in the second half of 2008 that

the market for subprime and Alt-A RMBS was inactive. The Company did not

significantly change its valuation procedures as a result of determining that the market

was inactive.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

The following table summarizes the Company’s exposure to subprime mortgage-backed
holdings and Alt-A mortgage-backed securities through other investments as of
December 31, 2008.
		Book/Adjusted		Other Than
		Carrying Value		Temporary
		(excluding		Impairment Losses
	Actual Cost	interest)	Fair Value	Recognized
	(In Thousands)
Residential mortgage backed
securities	$ 68,881	$ 68,661	$ 38,026	$2,326
Structured securities	29,689	29,787	18,737	1,140
Total	$ 98,570	$ 98,448	$ 56,763	$3,466

The following table summarizes the Company’s exposure to subprime mortgage-backed
holdings and Alt-A mortgage-backed securities through other investments as of
December 31, 2007.

			Book/Adjusted		Other Than
			Carrying Value		Temporary
			(excluding		Impairment Losses
		Actual Cost	interest)	Fair Value	Recognized
		(In Thousands)
	Residential mortgage backed
	securities	$ 90,270	$ 89,960	$ 86,023	$ -
	Structured securities	35,333	35,439	32,367	360
	Total	$ 125,603	$ 125,399	$ 118,390	$ 360

	The Company did not have underwriting exposure to subprime mortgage risk through
	investments in subprime mortgage loans, Mortgage Guaranty or Financial Guaranty
	insurance coverage as of December 31, 2008.

4.	Derivative Financial Instruments Held for Purposes Other than Trading

	The Company utilizes derivatives such as options, futures and interest rate swaps to
	reduce and manage risks, which include the risk of a change in the value, yield, price,
	cash flows, exchange rates or quantity of, or a degree of exposure with respect to, assets,
	liabilities, or future cash flows which the Company has acquired or incurred. Hedge
	accounting practices are followed in accordance with requirements set forth in SSAP No.
	86 for those derivatives that are deemed highly effective. The Company also enters into
	credit default swaps and total return swaps to replicate the investment characteristics of
	permissible investments using the derivative in conjunction with other investments.
	Replicated (synthetic) assets filed with the NAIC SVO result in both the derivative and
	cash instrument being carried at amortized cost. The replication practices are in
	accordance with SSAP No. 86.



23

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

The Company uses interest rate swaps to reduce market risks from changes in interest

rates and to alter interest rate exposure arising from mismatches between assets and

liabilities. Interest rate swap agreements generally involve the exchange of fixed and

floating interest payments over the life of the agreement without an exchange of the

underlying principal amount.

Currency swap agreements generally involve the exchange of local and foreign currency

payments over the life of the agreement without an exchange of the underlying principal

amount.

Options are reported at fair value. The unrealized gains or losses from the options are

reported as unrealized gains or losses in surplus.

Premiums paid for the purchase of interest rate contracts are included in other invested

assets on the balance sheets and are being amortized to interest expense over the

remaining terms of the contracts or in a manner consistent with the financial instruments

being hedged.

Amounts paid or received, if any, from such contracts are included in interest expense or

income on the statements of operations. Accrued amounts payable to or receivable from

counterparties are included in other liabilities or other invested assets. Gains or losses

realized as a result of early terminations of interest rate contracts are amortized to

investment income over the remaining term of the items being hedged to the extent the

hedge is considered to be effective; otherwise, they are recognized upon termination.

Derivatives that are designated as being in an effective hedging relationship are reported

in a manner that is consistent with the hedged asset or liability. Derivative contracts that

are matched or otherwise designated to be associated with other financial instruments are

recorded at fair value if the related financial instruments mature, are sold, or are

otherwise terminated or if the interest rate contracts cease to be effective hedges.

Changes in the fair value of derivatives not designated in effective hedging relationships

are recorded as unrealized gains and losses in surplus.

The Company is exposed to credit loss in the event of nonperformance by counterparties

on certain derivative contracts; however, the Company does not anticipate

nonperformance by any of these counterparties. The amount of such exposure is

generally the unrealized gains in such contracts. The Company manages the potential

credit exposure from interest rate contracts through careful evaluation of the

counterparties’ credit standing, collateral agreements, and master netting agreements.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

	The table below summarizes the Company’s derivative contracts included in other
	invested assets or other liabilities at December 31, 2008 and 2007:

		Notional	Carrying	Fair
		Amount	Value	Value
		(In Thousands)
	December 31, 2008
	Derivative contracts:
	Options owned	$ 26,230	$ 252	$ 252
	Futures owned	(77,750)	(1,163)	(1,163)
	Swaps	5,931	192	216
	Total derivatives	$ (45,589)	(719)	(695)

	December 31, 2007
	Derivative contracts:
	Options owned	$ 26,509	$ 617	$ 617
	Futures owned	25,786	121	121
	Swaps	15,810	596	596
	Total derivatives	$ 68,105	$ 1,334	$ 1,334

5.	Concentrations of Credit Risk

	The Company held below investment grade corporate bonds with an aggregate book
	value of $90.9 and $89.4 and an aggregate market value of $58.2 and $87.8 at December
	31, 2008 and 2007, respectively. Those holdings amounted to 5.1% of the Company’s
	investments in bonds and 4.1% of total admitted assets at December 31, 2008. The
	holdings of below investment grade bonds are widely diversified and of satisfactory
	quality based on the Company’s investment policies and credit standards.

	The Company held unrated bonds of $15.3 and $10.3 with an aggregate NAIC market
	value of $13.1 and $10.3 at December 31, 2008 and 2007, respectively.
	The carrying value of these holdings amounted to .9% of the Company’s investment in
	bonds and .7% of the Company’s total admitted assets at December 31, 2008.

	At December 31, 2008, the Company’s commercial mortgages involved a concentration
	of properties located in California (31.6%) and Texas (15.8%). The remaining
	commercial mortgages relate to properties located in 20 other states.

	The portfolio is well diversified, covering many different types of income producing
	properties on which the Company has first mortgage liens. The maximum mortgage
	outstanding on any individual property is $7.2.




25

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

6.	Annuity Reserves

	At December 31, 2008 and 2007, the Company’s annuity reserves, including those held
	in separate accounts and deposit fund liabilities that are subject to discretionary
	withdrawal (with adjustment), subject to discretionary withdrawal (without adjustment),
	and not subject to discretionary withdrawal provisions are summarized as follows:

		Amount	Percent
		(In Thousands)
	December 31, 2008
	Subject to discretionary withdrawal (with adjustment):
	With market value adjustment	$ 5,072	0.4	%
	At book value less surrender charge	37,665	2.9
	At fair value	904,436	69.7
	Subtotal	947,173	73.0
	Subject to discretionary withdrawal (without adjustment):
	At book value with minimal or no charge or adjustment	294,845	22.7
	Not subject to discretionary withdrawal	55,712	4.3
	Total annuity reserves and deposit fund liabilities	$ 1,297,730	100.000	%

	December 31, 2007
	Subject to discretionary withdrawal (with adjustment):
	With market value adjustment	$ 6,755	0.5	%
	At book value less surrender charge	37,671	2.6
	At fair value	1,023,909	71.3
	Subtotal	1,068,335	74.4
	Subject to discretionary withdrawal (without adjustment):
	At book value with minimal or no charge or adjustment	324,137	22.6
	Not subject to discretionary withdrawal	43,932	3.0
	Total annuity reserves and deposit fund liabilities	$ 1,436,404	100.0	%

	Of the total net annuity reserves and deposit fund liabilities of $1.3 billion at
	December 31, 2008, $0.4 billion is included in the general account, and $0.9 billion is
	included in the separate account. Of the total net annuity reserves and deposit fund
	liabilities of $1.4 billion at December 31, 2007, $0.4 billion is included in the general
	account, and $1.0 billion is included in the separate account.

7.	Employee Benefit Plans

	ING North America Insurance Corporation (“ING North America”) sponsors the ING
	Americas Retirement Plan (the “Retirement Plan”). Substantially all employees of ING
	North America and its subsidiaries and affiliates (excluding certain employees) are
	eligible to participate, including the Company’s employees other than Company agents.
	The matching contribution charges allocated to the Company were $1.0, $1.0 and $1.0
	during 2008, 2007 and 2006, respectively.




26

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

8.	Separate Accounts

	Separate account assets and liabilities represent funds segregated by the Company for the
	benefit of certain policy and contract holders who bear the investment risk. Revenues
	and expenses on the separate account assets and related liabilities equal the benefits paid
	to the separate account policy and contract holders.

	The general nature and characteristics of the separate accounts business follows:

		Non-Indexed	Non-
		Guarantee	Guaranteed
		Less than/	Separate
		equal to 4%	Accounts	Total
			(In Thousands)
	December 31, 2008
	Premium, consideration or deposits for the year	$ -	$ 382,686	$ 382,686

	Reserves for separate accounts with assets at:
	Fair value	$ -	$ 938,646	$ 938,646
	Amortized cost	2,549	-	2,549
	Total reserves	$ 2,549	$ 938,646	$ 941,195

	Reserves for separate accounts by
	withdrawal characteristics:
	Subject to discretionary withdrawal:
	With market value adjustment	$ 2,549	$ -	$ 2,549
	At market value	-	937,573	937,573
	Subtotal	2,549	937,573	940,122
	Not subject to discretionary withdrawal	-	1,073	1,073
	Total separate account reserves	$ 2,549	$ 938,646	$ 941,195




27

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

	Non-Indexed	Non-
	Guarantee	Guaranteed
	Less than/	Separate
	equal to 4%	Accounts	Total
		(In Thousands)
December 31, 2007
Premium, consideration or deposits for the year	$ -	$ 282,597	$ 282,597

Reserves for separate accounts with assets at:
Fair value	$ -	$ 1,076,063	$ 1,076,063
Amortized cost	782	-	782
Total reserves	$ 782	$ 1,076,063	$ 1,076,845

Reserves for separate accounts by
withdrawal characteristics:
Subject to discretionary withdrawal:
With market value adjustment	$ 782	$ -	$ 782
At market value	-	1,074,392	1,074,392
Subtotal	782	1,074,392	1,075,174
Not subject to discretionary withdrawal	-	1,671	1,671
Total separate account reserves	$ 782	$ 1,076,063	$ 1,076,845


A reconciliation of the amounts transferred to and from the separate accounts is presented
below:
	Year ended December 31
	2008	2007	2006
		(In Thousands)
Transfers as reported in the Summary of Operations
of the Separate Accounts Statement:
Transfers to separate accounts	$ 382,686	$ 282,597	$ 221,966
Transfers from separate accounts	(84,798)	(97,947)	(96,653)
Transfers as reported in the statements of operations	$ 297,888	$ 184,650	$ 125,313




28

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

The separate account liabilities subject to minimum guaranteed benefits, the gross
amount of reserve and the reinsurance reserve credit related to minimum guarantees, by
type, at December 31, 2008 and 2007 were as follows:
			Guaranteed
			Minimum
	Guaranteed		Accumulation/	Guaranteed
	Minimum Death		Withdrawal Benefit	Minimum Income
	Benefit (GMDB)		(GMAB/GMWB)	Benefit (GMIB)
			(In Thousands)
December 31, 2008
Separate Account Liability	$ 735,059	$ 276,034		$ 269,302
Gross amount of reserve	14,197		5,451	188,083
Reinsurance reserve credit	1,109		-	-

December 31, 2007
Separate Account Liability	$ 764,739	$ 131,532		$ 360,189
Gross amount of reserve	839		907	3,178
Reinsurance reserve credit	437		-	-




29

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

9.	Federal Income Taxes

	Effective January 1, 2006, the Company files a consolidated federal income tax return
	with its parent ING AIH, a Delaware corporation, and other U.S. affiliates. The Company
	has a written tax sharing agreement that provides that each member of the consolidated
	return shall reimburse ING AIH for its respective share of the consolidated federal
	income tax liability and shall receive a benefit for its losses at the statutory rate. A list of
	all affiliated companies that participate in the filing of this consolidated federal income
	tax return include:
	ALICA Holdings, Inc.	ING Investment Advisors, LLC
	Bancnorth Investment Group, Inc.	ING Investment Management Alternative Assets, LLC
	Branson Insurance Agency, Inc.	ING Investment Management Co.
	Compulife Agency, Inc.	ING Investment Management Services, LLC
	Compulife Insurance Agency of Massachusetts, Inc.	ING Investment Management, LLC
	Compulife Investor Services, Inc.	ING Investment Trust Co.
	Compulife, Inc.	ING Investments, LLC
	Directed Services, LLC	ING Life Insurance & Annuity Company
	Financial Network Investment Corporation	ING National Trust
	Financial Network Investment Corporation of Puerto Rico, Inc.	ING North America Insurance Corporation
	First Secured Mortgage Deposit Corporation	ING Payroll Management, Inc.
	FN Insurance Agency of Kansas, Inc.	ING Pilgrim Funding, Inc.
	FN Insurance Agency of New Jersey, Inc.	ING Pomona Holdings LLC
	FN Insurance Services of Nevada, Inc.	ING Retail Holding Company, Inc.
	FN Insurance Services, Inc.	ING Services Holding Company, Inc.
	FNI International, Inc.	ING USA Annuity and Life Insurance Company
	Furman Selz (SBIC) Investments LLC	ING Wealth Solutions, LLC
	Furman Selz Investments, LLC	Lion Connecticut Holdings Inc.
	Guaranty Brokerage Services, Inc.	Lion Custom Investments, LLC
	IB Holdings, LLC	Lion II Custom Investments, LLC
	ILICA, Inc.	MFSC Insurance Agency of Nevada, Inc.
	ING America Insurance Holdings, Inc.	MFSC Insurance Services, Inc.
	ING Alternative Asset Management, LLC	Midwestern United Life Insurance Company
	ING America Equities, Inc.	Multi-Financial Group, LLC
	ING Brokers Network, LLC	Multi-Financial Securities Corporation
	ING Capital Corporation, LLC	Pomona Management LLC
	ING Equity Holdings, Inc.	PrimeVest Financial Services, Inc.
	ING Financial Advisors, LLC	PrimeVest Insurance Agency of Alabama, Inc.
	ING Financial Partners, Inc.	PrimeVest Insurance Agency of Nevada, Inc.
	ING Financial Products Company, Inc.	PrimeVest Insurance Agency of New Mexico, Inc.
	ING Funds Distributor, LLC	PrimeVest Insurance Agency of Ohio, Inc.
	ING Funds Services, LLC	PrimeVest Insurance Agency of Oklahoma, Inc.
	ING Ghent Asset Management, LLC	PrimeVest Insurance Agency of Texas, Inc.
	ING Institutional Plan Services, LLC	PrimeVest Insurance Agency of Wyoming, Inc.
	ING Insurance Agency of Texas, Inc.	ReliaStar Life Insurance Company
	ING Insurance Agency, Inc.	Roaring River, LLC
	ING Insurance Services Holding Company, Inc.	Security Life Assignment Corp.
	ING Insurance Services of Alabama, Inc.	Security Life of Denver Insurance Company
	ING Insurance Services of Massachusetts, Inc.	Security Life of Denver International, Ltd.
	ING Insurance Services, Inc.	Systematized Benefits Administrators, Inc.
	ING International Insurance Holdings, Inc.	UC Mortgage Corporation
	ING International Nominee Holdings, Inc.	Whisperingwind I, LLC
	ING Investment Advisors, LLC	Whisperingwind II, LLC
	ING Investment Management Alternative Assets, LLC	Whisperingwind III, LLC



30

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

Current income taxes incurred consisted of the following major components:
	Year ended December 31
	2008	2007	2006
		(In Thousands)
Federal tax expense on operations	$ 4,302	$ 16,585	$ (211)
Federal tax expense (benefit) on capital losses	3,456	(1,569)	(2,213)
Total current tax expense (benefit)	$ 7,758	$ 15,016	$ (2,424)


The main components of deferred tax assets and deferred tax liabilities are as follows:

		December 31
		2008	2007
		(In Thousands)
Deferred tax assets resulting from book/tax differences in:
Deferred acquisition costs		$ 28,357	$ 27,562
Insurance reserves		106,062	45,832
Investments		5,639	2,739
Compensation		2,668	2,288
Nonadmitted assets		765	2,810
Litigation accruals		1,438	2,307
Other		4,070	2,626
Total deferred tax assets		148,999	86,164
Deferred tax assets nonadmitted		(113,476)	(55,958)
Admitted deferred tax assets		35,523	30,206

Deferred tax liabilities resulting from book/tax differences in:
Insurance reserves		2,046	2,302
Investments		910	990
Deferred and uncollected premium		10,355	9,119
Unrealized gain on investments		2,231	2,997
Total deferred tax liabilities		15,542	15,408
Net admitted deferred tax asset		$ 19,981	$ 14,798


The change in net deferred income taxes is comprised of the following:

	December 31
	2008	2007	Change
		(In Thousands)
Total deferred tax assets	$ 148,999	$ 86,164	$ 62,835
Total deferred tax liabilities	15,542	15,408	134
Net deferred tax asset	$ 133,457	70,756	62,701
Less current year change in unrealized gains			(766)
Change in net deferred income tax			61,935
Less other items in surplus:
Current year change in nonadmitted assets			2,045
Current year change in unauthorized reinsurance			(1,592)
Change in deferred taxes			$ 62,388



31

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

The provision for federal income tax expense and change in deferred taxes differs from
the amount which would be obtained by applying the statutory federal income tax rate to
income (including capital items) before income taxes for the following reasons:

		Year Ended December 31
		2008	2007		2006
			(In Thousands)
Ordinary income		$ (190,525)	$ 8,651		$ 18,480
Capital gains (losses), net of IMR, net of tax		1,376	(6,407)		(3,024)
Total pretax book (loss) income		$ (189,149)	$ 2,244		$ 15,456

Provision computed at statutory rate		$ (66,203)	$ 785		$ 5,410
Dividends received deduction		(1,099)	(495)		(658)
Interest maintenance reserve		(792)	(1,155)		(2,361)
Reinsurance		13,513	14,364		-
Share based payments		6	(40)		-
Other		(55)	262		226
Total		$ (54,630)	$ 13,721		$ 2,617

Federal income taxes incurred		$ 7,758	$ 15,016		$ (2,424)
Change in net deferred income taxes		(62,388)	(1,295)		5,041
Total statutory income taxes		$ (54,630)	$ 13,721		$ 2,617

The will be no amount of federal income taxes incurred that will be available for
recoupment in the event of future net losses from 2008, 2007 and 2006, respectively.

Under the intercompany tax sharing agreement, the Company has a receivable from ING
AIH of $3.4 and a payable to ING AIH of $10.2 for federal income taxes as of December
31, 2008 and 2007, respectively.

The Company’s transferable state tax credit assets are as follows:

				Unused credit
Method of estimating utilization of	State	Carrying value at		remaining at balance
remaining transferrable state tax credit		balance sheet date		sheet date
		(In Thousands)
December 31, 2008
Estimated credit from film production	CT	$ 412		$ 467
Fixed credit at time of purchase	NY	-		1,518
Total state tax credits		$ 412		$ 1,985

December 31, 2007
Fixed credit at time of purchase	NY	$ -		$ 2,024
Total state tax credits		$ -		$ 2,024



32

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

	A reconciliation of the change in the unrecognized income tax benefits for the years is as
	follows:
		2008		2007
		(In Thousands)
	Balance at beginning of year	$ 1.1	$ 0.8
	Additions for tax positions related to current year	0.1		0.1
	Additions for tax positions related to prior years	(0.6)		0.2
	Balance at end of year	$ 0.6		$ 1.1

	The Company had $0.6 of unrecognized tax benefits as of December 31, 2008 that would
	affect the Company’s effective tax rate if recognized.

	The Company recognizes accrued interest and penalties related to unrecognized tax
	benefits in Federal income taxes and Federal income tax expense on the Balance Sheets
	and Statements of Operations, respectively. The Company had accrued interest of $0.1 as
	of December 31, 2008 and 2007.

	The Company is under audit by the Internal Revenue Service (“IRS”) for tax years 2004
	through 2008. It is anticipated that the IRS audit of tax years 2004 through 2008 will be
	finalized within the next twelve months. Upon finalization of the IRS examination, it is
	reasonably possible that the unrecognized tax benefits will decrease by $0.2. The timing
	of the payment of the remaining allowance of $0.4 cannot be reliably estimated.

10.	Reinsurance

	The Company is involved in both ceded and assumed reinsurance with other companies
	for the purpose of diversifying risk and limiting exposure on larger risks. To the extent
	that the assuming companies become unable to meet their obligations under these
	treaties, the Company remains contingently liable to its policyholders for the portion
	reinsured. To minimize its exposure to significant losses from retrocessionaire
	insolvencies, the Company evaluates the financial condition of the retrocessionaire and
	monitors concentrations of credit risk.

	Assumed premiums amounted to $5.4, $7.0 and $7.1 for 2008, 2007 and 2006,
	respectively.




33

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

The Company’s ceded reinsurance arrangements reduced certain items in the

accompanying financial statements by the following amounts:

Year ended December 31

2008

2007

2006

(In Thousands)

Premiums

$ 135,242

$ 92,068

$ 43,486

Benefits paid or provided

47,499

41,916

46,703

Policy and contract liabilities at year end

336,592

218,799

163,296

The Company does not have any reinsurance agreements in effect under which the

reinsurer may unilaterally cancel the agreement.

The Company has been in dispute with the National Travelers Life Company ("NTL")

over a cancer block of business that was subject to two Modified Coinsurance

Agreements ("Agreements") between the parties that ceded 95% of this insurance from

the Company to NTL. During 2004, this dispute was filed with an independent

arbitration panel ("Panel").

During the third quarter of 2006, a settlement was reached with NTL to resolve all

outstanding issues with the exception of fees and expenses and the agreements were

commuted as of September 5, 2006. The Company recognized $21.2 in pretax income

related to this settlement in 2006.

The amount of reinsurance commuted during 2006 included benefits received of $45.0,

expense allowance adjustments of $13.0 and premiums of $36.7.

11.

Capital and Surplus

Under New York insurance regulations, the Company is required to maintain a minimum

total capital and surplus of $6.0. Additionally, the amount of dividends which can be

paid by the Company to its shareholder without prior approval of the Superintendent of

the State of New York is limited to the greater of the net gain from operations excluding

realized capital gains or 10% of surplus at December 31 of the preceding year.

On November 12, 2008, ING issued to the Dutch State non-voting Tier 1 securities for a

total consideration of Euro 10 billion. On February 24, 2009, $2.2 billion was contributed

to direct and indirect insurance company subsidiaries of ING AIH, of which $90.0 was

contributed to the Company, effective for December 31, 2008. The contribution was

comprised of the proceeds from the investment by the Dutch government and the

redistribution of currently existing capital within ING. The Company did not receive a

capital contribution during 2007 or 2006. The Company did not pay dividends to

ReliaStar during 2008. The Company paid ordinary dividends to ReliaStar on a quarterly

basis in the amount of $4.7 each for a total of $18.7 on March 31, June 30, September 30

and December 31, 2007. Timely notice was given for these dividend payments to the

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

		New York Insurance Department. The New York Insurance Department does not require
		notice or approval for ordinary dividends.

		Life and health insurance companies are subject to certain Risk Based Capital (“RBC”)
		requirements as specified by the NAIC. Under those requirements, the amount of capital
		and surplus maintained by a life and health insurance company is to be determined based
		on the various risk factors related to it. At December 31, 2008, the Company meets the
		RBC requirements.

12.		Fair Values of Financial Instruments

		In cases where quoted market prices are not available, fair values are based on estimates
		using present value or other valuation techniques. Those techniques are significantly
		affected by the assumptions used, including the discount rate and estimates of future cash
		flows. In that regard, the derived fair value estimates cannot be substantiated by
		comparison to independent markets and, in many cases, could not be realized in
		immediate settlement of the financial instrument. Accordingly, the aggregate fair value
		amounts presented herein do not represent the underlying value of the Company.

		Life insurance liabilities that contain mortality risk and all non-financial instruments have
		been excluded from the disclosure requirements. However, the fair values of liabilities
		under all insurance contracts are taken into consideration in the Company’s overall
		management of interest rate risk, such that the Company’s exposure to changing interest
		rates is minimized through the matching of investment maturities with amounts due under
		insurance contracts.




35

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

The carrying amounts and fair values of the Company’s financial instruments are
summarized as follows:
	December 31
	2008		2007
	Carrying	Fair	Carrying	Fair
	Amount	Value	Amount	Value
		(In Thousands)
Assets:
Bonds	$ 1,786,738	$1,521,245	$ 1,751,153	$ 1,724,144
Preferred stocks	1,210	726	3,973	3,674
Unaffiliated common stocks	1,484	1,484	1,674	1,674
Mortgage loans	122,322	121,394	136,154	141,355
Derivatives securities	-	-	1,334	1,334
Contract loans	101,514	101,514	100,781	100,781
Cash, cash equivalents and
short term investments	19,873	19,873	44,895	44,895
Separate account assets	980,972	980,972	1,114,687	1,114,687
Liabilities:
Policyholder funds	1,383	1,383	1,567	1,567
Derivatives securities	719	719	-	-

The following methods and assumptions were used by the Company in estimating the fair
value disclosures for financial instruments in the accompanying financial statements and
notes thereto:

Cash, cash equivalents and short term investments: The carrying amounts reported in
the accompanying Balance Sheets for these financial instruments approximate their
fair values.

Bonds and equity securities: The fair values for bonds, preferred stocks and common
stocks reported herein are based on quoted market prices, where available. For
securities not actively traded, fair values are estimated using values obtained from
independent pricing services or, in the case of private placement investments, are
estimated by discounting the expected future cash flows. The discount rates used
vary as a function of factors such as yield, credit quality, and maturity, which fall
within a range between .99% and 30% over the total portfolio. Fair values
determined on this basis can differ from values published by the SVO. Fair value as
determined by the SVO as of December 31, 2008 and 2007 is $1.5 billion and $1.7
billion, respectively

Mortgage loans: Estimated fair values for commercial real estate loans were
generated using a discounted cash flow approach. Loans in good standing are
discounted using interest rates determined by U.S. Treasury yields on December 31
and spreads applied on new loans with similar characteristics. The amortizing features
of all loans are incorporated in the valuation.



36

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

Where data on option features is available, option values are determined using a

binomial valuation method, and are incorporated into the mortgage valuation.

Restructured loans are valued in the same manner; however, these loans were

discounted at a greater spread to reflect increased risk. All residential loans are valued

at their outstanding principal balances, which approximate their fair values.

Derivative financial instruments: Fair values for derivative financial instruments are

based on broker/dealer valuations or on internal discounted cash flow pricing models,

taking into account current cash flow assumptions and the counterparties’ credit

standing.

The carrying value of all other financial instruments approximates their fair value.

Included in various investment related line items in the financial statements are certain

financial instruments carried at fair value. Other financial instruments are periodically

measured at fair value, such as when impaired, or, for certain bonds and preferred stock

when carried at the lower of cost or market.

The fair value of an asset is the amount at which that asset could be bought or sold in a

current transaction between willing parties, that is, other than in a forced or liquidation

sale. The fair value of a liability is the amount at which that liability could be incurred

or settled in a current transaction between willing parties, that is, other than in a forced

or liquidation sale.

Fair values are based on quoted market prices when available. When market prices are

not available, fair value is generally estimated using discounted cash flow analyses,

incorporating current market inputs for similar financial instruments with comparable

terms and credit quality (matrix pricing). In instances where there is little or no market

activity for the same or similar instruments, the Company estimates fair value using

methods, models and assumptions that management believes market participants would

use to determine a current transaction price. These valuation techniques involve some

level of management estimation and judgment which becomes significant with

increasingly complex instruments or pricing models. Where appropriate, adjustments

are included to reflect the risk inherent in a particular methodology, model or input

used.

The Company's financial assets and liabilities carried at fair value have been classified,

for disclosure purposes, based on a hierarchy defined by SFAS No. 157, Fair Value

Measurements. The hierarchy gives the highest ranking to fair values determined using

unadjusted quoted prices in active markets for identical assets and liabilities (Level 1)

and the lowest ranking to fair values determined using methodologies and models with

unobservable inputs (Level 3). An asset’s or a liability’s classification is based on the

lowest level input that is significant to its measurement. For example, a Level 3 fair

value measurement may include inputs that are both observable (Levels 1 and 2) and

unobservable (Level 3). The levels of the fair value hierarchy are as follows:

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

		Level 1 - Unadjusted quoted prices for identical assets or liabilities in an active market.
		Level 2 - Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability.
		Level 2 inputs include the following:
		o	Quoted prices for similar assets or liabilities in active markets;
		o	Quoted prices for identical or similar assets or liabilities in non-active markets;
		o	Inputs other than quoted market prices that are observable; and
		o	Inputs that are derived principally from or corroborated by observable market data through correlation or other means.
		Level 3 - Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These valuations, whether derived internally or obtained from a third party, use critical assumptions that are not widely available to estimate market participant expectations in valuing the asset or liability.

The following table provides information as of December 31, 2008 about the Company’s
financial assets and liabilities measured at fair value on a recurring basis.

	Level 1	Level 2	Level 3⁽¹⁾	Total
	(In Thousands)
At December 31, 2008:
Assets:
Preferred stock	$ 4	$ -	$ -	$ 4
Common stock	1,484	-	-	1,484
Cash, cash equivalents and
short-term investments	19,873	-	-	19,873
Derivatives	-	309	252	561
Separate account assets	979,309	1,663	-	980,972
Total assets	$ 1,000,670	$ 1,972	$ 252	$ 1,002,894

Liabilities:
Derivatives liabilities	$ -	$ 117	$ 1,163	$ 1,280
Total liabilities	$ -	$ 117	$ 1,163	$ 1,280


(1) Level 3 net assets and liabilities accounted for 0.09% of total net assets and liabilities measured at fair value
on a recurring basis. Excluding separate accounts assets for which the policyholder bears the risk, the Level 3
net assets and liabilities in relation to total net assets and liabilities measured at fair value on a recurring basis
totaled 3.9%.

Preferred and Common Stock: Fair values of these securities are based upon quoted
market price and are classified as Level 1 assets.




	38

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

		Cash and cash equivalents, Short-term investments, and Short-term investments under
		securities loan agreement: The carrying amounts for cash reflect the assets’ fair values.
		The fair values for cash equivalents and short-term investments are determined based on
		quoted market prices. These assets are classified as Level 1.

		Assets held in separate accounts: Assets held in separate accounts are reported at the
		quoted fair values of the underlying investments in the separate accounts. Mutual funds,
		short-term investments and cash are based upon a quoted market price and are included in
		Level 1. Bond valuations are obtained from third party commercial pricing services and
		brokers and are included in Level 2. The valuations obtained from brokers are non-
		binding. Valuations are validated monthly through comparisons to internal pricing
		models, back testing to recent trades, and monitoring of trading volumes.

		Derivatives: Derivatives that are carried at fair value (on the Balance Sheets) are
		determined using the Company’s derivative accounting system in conjunction with
		observable key financial data from third party sources or through values established by
		third party brokers. Counterparty credit risk is considered and incorporated in the
		Company’s valuation process through counterparty credit rating requirements and
		monitoring of overall exposure. It is the Company’s policy to deal only with investment
		grade counterparties with a credit rating of A- or better. The Company obtains key input
		into the valuation model for puts, calls, and futures from one third party broker. Because
		the input is not received from multiple brokers, these fair values are not deemed to be
		calculated based on market observable inputs, and, therefore, these instruments are
		classified as Level 3. However, all other derivative instruments are valued based on
		market observable inputs and are classified as Level 2.

13.		Commitments and Contingencies

		Investment Purchase Commitments: As part of its overall investment strategy, the
		Company has entered into agreements to purchase securities of $3.1 and $12.0 at
		December 31, 2008 and 2007, respectively. The Company is also committed to provide
		additional capital contributions of $13.1 and $18.7 at December 31, 2008 and 2007,
		respectively, in partnerships reported in other invested assets not on the balance sheets.

		Operating Leases: The Company is not party to any operating leases. This Company is
		party to certain cost sharing and service agreements with other affiliated ING United
		States companies. Rent expense is included in these cost sharing agreements, which are
		allocated to the Company in accordance with systematic cost allocation arrangements.
		During the years ended December 31, 2008, 2007 and 2006, rent expense totaled $0.2,
		$0.1 and $0.2, respectively.

		Legal Proceedings: The Company is involved in threatened or pending
		lawsuits/arbitrations arising from the normal conduct of business. Due to the climate in
		insurance and business litigation/arbitration, suits against the Company sometimes
		include claims for substantial compensatory, consequential or punitive damages and other

39

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

types of relief. Moreover, certain claims are asserted as class actions, purporting to

represent a group of similarly situated individuals. While it is not possible to forecast the

outcome of such lawsuits/arbitrations, in light of existing insurance, reinsurance and

established reserves, it is the opinion of management that the disposition of such

lawsuits/arbitrations will not have a materially adverse effect on the Company’s

operations or financial position.

Regulatory Matters: As with many financial services companies, the Company and its

affiliates have received informal and formal requests for information from various state

and federal governmental agencies and self-regulatory organizations in connection with

inquiries and investigations of the products and practices of the financial services

industry. In each case, the Company and its affiliates have been and are providing full

cooperation.

Insurance and Retirement Plan Products and Other Regulatory Matters: Federal and

state regulators and self-regulatory agencies are conducting broad inquiries and

investigations involving the insurance and retirement industries. These initiatives

currently focus on, among other things, compensation, revenue sharing, and other sales

incentives; potential conflicts of interest; potential anti-competitive activity; reinsurance;

sales and marketing practices (including sales to seniors); specific product types

(including group annuities and indexed annuities); and disclosure. It is likely that the

scope of these industry investigations will further broaden before they conclude. The

Company and certain of its U.S. affiliates have received formal and informal requests in

connection with such investigations, and are cooperating fully with each request for

information. Some of these matters could result in regulatory action involving the

Company. These initiatives also may result in new legislation and regulation that could

significantly affect the financial services industry, including businesses in which the

Company is engaged. In light of these and other developments, U.S. affiliates of ING,

including the Company, periodically review whether modifications to their business

practices are appropriate.

Investment Product Regulatory Issues: Since 2002, there has been increased

governmental and regulatory activity relating to mutual funds and variable insurance

products. This activity has primarily focused on inappropriate trading of fund shares;

directed brokerage; compensation; sales practices, suitability, and supervision;

arrangements with service providers; pricing; compliance and controls; adequacy of

disclosure; and document retention.

In addition to responding to governmental and regulatory requests on fund trading issues,

ING management, on its own initiative, conducted, through special counsel and a

national accounting firm, an extensive internal review of mutual fund trading in ING

insurance, retirement, and mutual fund products. The goal of this review was to identify

any instances of inappropriate trading in those products by third parties or by ING

investment professionals and other ING personnel.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

The internal review identified several isolated arrangements allowing third parties to

engage in frequent trading of mutual funds within the variable insurance and mutual fund

products of certain affiliates of the Company, and identified other circumstances where

frequent trading occurred despite measures taken by ING intended to combat market

timing.

Each of the arrangements has been terminated and disclosed to regulators, to the

independent trustees of ING Funds (U.S.) and in Company reports previously filed with

the Securities and Exchange Commission (“SEC”) pursuant to the Securities Exchange

Act of 1934, as amended.

Action may be taken by regulators with respect to certain ING affiliates before

investigations relating to fund trading are completed. The potential outcome of such

action is difficult to predict but could subject certain affiliates to adverse consequences,

including, but not limited to, settlement payments, penalties, and other financial liability.

It is not currently anticipated, however, that the actual outcome of any such action will

have a material adverse effect on ING or ING’s U.S. based operations, including the

Company.

ING has agreed to indemnify and hold harmless the ING Funds from all damages

resulting from wrongful conduct by ING or its employees or from ING’s internal

investigation, any investigations conducted by any governmental or self-regulatory

agencies, litigation or other formal proceedings, including any proceedings by the SEC.

Management reported to the ING Funds Board that ING management believes that the

total amount of any indemnification obligations will not be material to ING or ING’s

U.S. based operations, including the Company.

Liquidity: The Company’s principal sources of liquidity are product charges, investment

income, premiums, proceeds from the maturity and sale of investments, and capital

contributions. Primary uses of these funds are payments of commissions and operating

expenses, interest credits, investment purchases, and contract maturities, withdrawals,

and surrenders.

The Company’s liquidity position is managed by maintaining adequate levels of liquid

assets, such as cash, cash equivalents, and short-term investments. Asset/liability

management is integrated into many aspects of the Company’s operations, including

investment decisions, product development, and determination of crediting rates. As part

of the risk management process, different economic scenarios are modeled, including

cash flow testing required for insurance regulatory purposes, to determine that existing

assets are adequate to meet projected liability cash flows. Key variables in the modeling

process include interest rates, anticipated contract owner behavior, and variable separate

account performance. Contract owners bear the investment risk related to variable

annuity products, subject, in limited cases, to certain minimum guaranteed rates.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

		The fixed account liabilities are supported by a general account portfolio principally
		composed of fixed rate investments with matching duration characteristics that can
		generate predictable, steady rates of return. The portfolio management strategy for the
		fixed account considers the assets available-for-sale. This strategy enables the Company
		to respond to changes in market interest rates, prepayment risk, relative values of asset
		sectors and individual securities and loans, credit quality outlook, and other relevant
		factors. The objective of portfolio management is to maximize returns, taking into
		account interest rate and credit risk, as well as other risks. The Company’s asset/liability
		management discipline includes strategies to minimize exposure to loss as interest rates
		and economic and market conditions change. In executing this strategy, the Company
		uses derivative instruments to manage these risks. The Company’s derivative
		counterparties are of high credit quality.

		In the first quarter of 2009, the Company has taken certain actions to reduce its exposure
		to interest rate and market risks. These actions include reducing guaranteed interest rates
		for new business, reducing credited rates on existing business, curtailing sales of some
		products, reassessment of the investment strategy with a focus on Treasury and
		investment grade assets, as well as a short-term program to hedge equity market risk
		associated with variable fee income. During 2009, the Company will be monitoring these
		initiatives and their impacts on earnings, capital, and liquidity, and will determine
		whether further actions are necessary.

14.		Financing Agreements

		The Company maintains a revolving loan agreement with Bank of New York,
		(“BONY"). Under this agreement, the Company can borrow up to $30.0 from BONY.
		Interest on any borrowing accrues at an annual rate equal to: (1) the cost of funds for
		BONY for the period applicable for the advance plus 0.4% or (2) a rate quoted by BONY
		to the Company for the borrowing.
		Under this agreement, the Company incurred minimal interest expense for the years
		ended December 31, 2008, 2007 and 2006, respectively. Additionally, there were no
		amounts payable to BONY at December 31, 2008 and 2007.

		The Company maintains a reciprocal loan agreement with ING AIH to facilitate the
		handling of unusual and/or unanticipated short term cash requirements. Under this
		agreement, which expired and was renewed February 1, 2009, the Company and ING
		AIH can borrow up to 5% of the Company’s net admitted assets as of December 31 of the
		preceding year from one another. Interest on any Company borrowing is charged at the
		rate of ING AIH’s cost of funds for the interest period plus 0.15%. Interest on any ING
		AIH borrowings is charged at a rate based on the prevailing interest rate of U.S.
		commercial paper available for purchase with a similar duration. The receivable for these
		loans are reported as an asset in other invested assets. The payable is recorded in
		borrowed money. Under this agreement, the Company incurred no interest expense or
		income for the year ended December 31, 2008.


42

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

		Through this reciprocal loan agreement, the Company borrowed $384.0 and repaid
		$384.0 in 2008. The Company had no borrowings during 2007. The Company borrowed
		$290.0 and repaid $290.0 in 2006. These borrowings were on a short term basis, at an
		interest rate that approximated current money market rates and excludes borrowings from
		reverse dollar repurchase transactions. There was no interest paid on borrowed money
		during 2007 and interest paid was immaterial during 2008 and 2006, respectively.

		The Company is the beneficiary of letters of credit totaling $30.5; terms of the letters of
		credit provide for automatic renewal for the following year at December 31, unless
		otherwise canceled or terminated by either party to the financing. The letters were unused
		during both 2008 and 2007.

15.		Related Party Transactions

		Cost Sharing Arrangements: Management and services contracts and all cost sharing
		arrangements with other affiliated ING United States companies are allocated among
		companies in accordance with systematic cost allocation methods.

		Investment Management: The Company has entered into an investment advisory
		agreement with ING Investment Management, LLC (“IIM”) under which IIM provides
		the Company with investment management services. The Company has entered into an
		administrative services agreement with IIM under which IIM provides the Company with
		asset liability management services. Total fees under the agreement were approximately
		$2.5, $2.4, and $2.6 for the years ended December 31, 2008, 2007 and 2006, respectively.

		Services Agreements: The Company has entered into a services agreement with each of
		its affiliated insurers, ING North America Insurance (“INAIC”) and ING Financial
		Advisers, LLC (“ING FA”) whereby the affiliated insurers, INAIC and ING FA provide
		certain administrative, management, professional, advisory, consulting and other services
		to the Company. The total expenses incurred for all of these services were $54.5, $51.2
		and $52.6 for the years ended December 31, 2008, 2007 and 2006, respectively.

		Tax Sharing Agreements: The Company has entered into federal tax sharing agreement
		with members of an affiliated group as defined in Section 1504 of the Internal Revenue
		Code of 1986, as amended. The agreement provides for the manner of calculation and
		the amounts/timing of the payments between the parties as well as other related matters in
		connection with the filing of consolidated federal income tax returns.

		Reinsurance: During 2008, the Company ceded premium and ceded reserves to ReliaStar
		of $65.8 and $82.6, respectively. The amount of insurance inforce ceded to ReliaStar
		was $10,542 at December 31, 2008. The Company realized a deferred gain after tax of
		$40.0 on the 2008 reinsurance transaction. During 2007, the Company ceded premium
		and ceded reserves to ReliaStar of $42.8 and $46.2, respectively. The amount of
		insurance inforce ceded to ReliaStar was $278.6 at December 31, 2007. The Company
		realized a deferred gain after tax of $41.4 on the reinsurance transaction.

43

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

16.

Guaranty Fund Assessments

Insurance companies are assessed the costs of funding the insolvencies of other insurance

companies by the various state guaranty associations, generally based on the amount of

premium companies collect in that state. The Company accrues the cost of future

guaranty fund assessments based on estimates of insurance company insolvencies

provided by the National Organization of Life and Health Insurance Guaranty

Associations and the amount of premiums written in each state. The Company has

estimated this liability to be $0.2 and $0.2 as of December 31, 2008 and 2007,

respectively, and has recorded a liability in accounts payable and accrued expenses on the

balance sheets. The Company has also recorded an asset in other assets on the balance

sheets of $0.2 and $0.2 as of December 31, 2008 and 2007, respectively, for future credits

to premium taxes for assessments already paid.

17.

Direct Premiums Written/Produced by Managing General Agents/Third Party

Administrators

Name of Managing

Type of

Total Direct

General Agent or Third

FEIN

Exclusive

Business

Authority

Premiums

Party Administrator

Number

Contract

Written

Granted

Written

(In Thousands)

ReliaStar Record Keeping

41-0451140

Yes

Group Annuity

Payment

$ 29,089

The aggregate amount of premiums written through managing general agents or third

party administrators during 2008 is $29.1.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
Notes to Financial Statements – Statutory Basis
December 31, 2008
(Dollar amounts in millions, unless otherwise stated)

18.	Unpaid Accident and Health Claims

	The change in the liability for unpaid accident and health claims and claim adjustment
	expenses is summarized as follows:
		2008	2007
		(In Thousands)
	Balance at January 1	$ 17,680	$ 11,972
	Less reinsurance recoverables	1,090	832
	Net balance at January 1	16,590	11,140

	Incurred related to:
	Current year	33,432	25,251
	Prior years	1,366	7,054
	Total incurred	34,798	32,305

	Paid related to:
	Current year	18,677	10,124
	Prior years	11,438	16,731
	Total paid	30,115	26,855

	Net balance at December 31	21,273	16,590
	Plus reinsurance recoverables	948	1,090
	Balance at December 31	$ 22,221	$ 17,680


	The liability for unpaid accident and health claims and claim adjustment expenses is
	included in accident and health reserves and unpaid claims on the Balance Sheets.

19.	Retrospectively Rated Contracts

	The Company estimates accrued retrospective premium adjustments for its group life
	insurance business through a mathematical approach using an algorithm of the
	Company’s underwriting rules and experience rating practices.

	The Company records accrued retrospective premium as an adjustment to earned
	premium. The amount of net group life premium written by the Company at December
	31, 2008 that was subject to retrospective rating features was $3.5. This represented 19%
	of the total net group life premium. The amount of net group health premium written by
	the Company at December 31, 2008 that was subject to retrospective rating features was
	$0.1. This represented less than 1% of the total net group health premium. No other net
	premiums written by the Company are subject to retrospective rating features.

20.	Subsequent Events

	Dutch State – Illiquid Back-up Facility: On January 26, 2009, ING announced it reached
	an agreement, for itself and on behalf of certain ING affiliates, with the Dutch State on an
	Illiquid Assets Back-up Facility (the “Back-up Facility”) covering 80% of ING’s Alt-A
	residential mortgage-backed securities (“Alt-A RMBS”). Under the terms of the Back-up


45

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

Notes to Financial Statements – Statutory Basis

December 31, 2008

(Dollar amounts in millions, unless otherwise stated)

Facility, a full credit risk transfer to the Dutch State will be realized on 80% of ING’s

Alt-A RMBS owned by ING Bank, FSB and ING affiliates within ING Insurance

Americas with a book value of $36.0 billion portfolio. The Company is not participating

in this portion of the Back-up Facility. As a result of the risk transfer, the Dutch State

will participate in 80% of any results of the ING Alt-A RMBS portfolio. The risk transfer

to the Dutch State will take place at a discount of 10% of par value. Each ING company

participating in the ING-Dutch State Transaction will remain exposed to 20% of any

results on the portfolio. The ING-Dutch State Transaction closed on March 31, 2009,

with the affiliate participation conveyance and risk transfer to the Dutch State described

in the succeeding paragraph to take effect as of January 26, 2009.

In a second transaction, known as the Step 1 Cash Transfer, a portion of the Company’s

Alt-A RMBS which has a book value of approximately $70 will be sold for cash to an

affiliate, Lion II. Immediately thereafter, Lion II will sell to ING Bank, FSB the

purchased securities. Contemporaneous with this transaction, ING Bancorp will include

such purchased securities as part of its Alt-A RMBS portfolio sale to the Dutch State.

The Step 1 Cash Transfer closed on March 31, 2009 contemporaneous with the closing of

the ING-Dutch Transaction.

Since the Company had the intent as of December 31, 2008, to sell all of its Alt-A RMBS

as part of the Step 1 Cash Transfer, the Company evaluated the securities for impairment

under INT 06-07: Definition of Phrase “Other Than Temporary” and SSAP 43, Loan-

backed and Structured Securities. Per SSAP 43, the book value of the other-than-

temporary impaired security must be written down to the estimated undiscounted future

cash flows. In applying SSAP 43, the Company considered the estimated undiscounted

future cash flows for the impairment test to be the remaining undiscounted cash flows on

the security over its expected life. Since the estimated undiscounted future cash flow

from these securities exceeds the carrying value of the securities at December 31, 2008,

no impairment was recorded. The Company expects to record a realized loss of

approximately $5 related to this transaction in the first quarter of 2009.

New Accounting Pronouncements: Effective reporting periods beginning January 1,

2009, the Company will adopt SSAP No. 98, Treatment of Cash Flows When Qualifying

Changes in Valuation and Impairments (“SSAP 98”) (amending paragraphs 14 though 16

of SSAP 43) for Loan-backed and Structured Securities. The amendment requires once

an other than temporary impairment occurs, the Company will determine the amount of

the impairment comparing the carrying value of the investment to the present value of

anticipated future cash flows of the investment. If the present value of future cash flows

is less than the carrying value, an asset impairment must be recorded. Credit related

impairments will be recorded through the AVR while interest related losses shall be

recorded through the IMR. The Company is currently evaluating the impact of the

Company’s financial statements.

FINANCIAL STATEMENTS
ReliaStar Life Insurance Company of New York
Separate Account NY-B
Year ended December 31, 2008
with Report of Independent Registered Public Accounting Firm

S-1

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RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Financial Statements
Year ended December 31, 2008



Contents

Report of Independent Registered Public Accounting Firm	1

Audited Financial Statements

Statements of Assets and Liabilities	4
Statements of Operations	30
Statements of Changes in Net Assets	60
Notes to Financial Statements	97

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Report of Independent Registered Public Accounting Firm



The Board of Directors and Participants
ReliaStar Life Insurance Company of New York


We have audited the accompanying statements of assets and liabilities of the Divisions constituting
ReliaStar Life Insurance Company of New York Separate Account NY-B (the “Account”) as of
December 31, 2008, and the related statements of operations and changes in net assets for the periods
disclosed in the financial statements. These financial statements are the responsibility of the Account’s
management. Our responsibility is to express an opinion on these financial statements based on our
audits. The Account is comprised of the following Divisions:

AIM Variable Insurance Funds:	ING Investors Trust (continued):
AIM V.I. Leisure Fund - Series I Shares	ING LifeStyle Moderate Portfolio - Service Class
BlackRock Variable Series Funds, Inc.:	ING Limited Maturity Bond Portfolio - Service Class
BlackRock Global Allocation V.I. Fund - Class III	ING Liquid Assets Portfolio - Service Class
Columbia Funds Variable Insurance Trust:	ING Lord Abbett Affiliated Portfolio - Service Class
Columbia Small Cap Value Fund, Variable Series - Class B	ING Marsico Growth Portfolio - Service Class
Fidelity® Variable Insurance Products:	ING Marsico International Opportunities Portfolio - Service Class
Fidelity® VIP Equity-Income Portfolio - Service Class 2	ING MFS Total Return Portfolio - Service Class
Fidelity® Variable Insurance Products II:	ING MFS Utilities Portfolio - Service Class
Fidelity® VIP Contrafund® Portfolio - Service Class 2	ING Mid Cap Growth Portfolio - Service Class
Franklin Templeton Variable Insurance Products Trust:	ING Multi-Manager International Small Cap Portfolio - Class S
Franklin Small Cap Value Securities Fund - Class 2	ING Oppenheimer Main Street Portfolio® - Service Class
ING Investors Trust:	ING PIMCO Core Bond Portfolio - Service Class
ING AllianceBernstein Mid Cap Growth Portfolio - Service Class	ING PIMCO High Yield Portfolio - Service Class
ING American Funds Asset Allocation Portfolio	ING Pioneer Fund Portfolio - Service Class
ING American Funds Bond Portfolio	ING Pioneer Mid Cap Value Portfolio - Service Class
ING American Funds Growth Portfolio	ING T. Rowe Price Capital Appreciation Portfolio - Service Class
ING American Funds Growth-Income Portfolio	ING T. Rowe Price Equity Income Portfolio - Service Class
ING American Funds International Portfolio	ING Templeton Global Growth Portfolio - Service Class
ING BlackRock Large Cap Growth Portfolio - Service Class	ING UBS U.S. Allocation Portfolio - Service Class
ING BlackRock Large Cap Value Portfolio - Service Class	ING Van Kampen Capital Growth Portfolio - Service Class
ING Capital Guardian U.S. Equities Portfolio - Service Class	ING Van Kampen Global Franchise Portfolio - Service Class
ING EquitiesPlus Portfolio - Service Class	ING Van Kampen Growth and Income Portfolio - Service Class
ING Evergreen Health Sciences Portfolio - Service Class	ING Van Kampen Large Cap Growth Portfolio - Service Class
ING Evergreen Omega Portfolio - Service Class	ING Van Kampen Real Estate Portfolio - Service Class
ING FMR^SMDiversified Mid Cap Portfolio - Service Class	ING VP Index Plus International Equity Portfolio - Service Class
ING Focus 5 Portfolio - Service Class	ING Wells Fargo Disciplined Value Portfolio - Service Class
ING Franklin Income Portfolio - Service Class	ING Wells Fargo Small Cap Disciplined Portfolio - Service Class
ING Franklin Mutual Shares Portfolio - Service Class	ING Partners, Inc.:
ING Franklin Templeton Founding Strategy Portfolio - Service	ING American Century Large Company Value Portfolio - Service
Class	Class
ING Global Real Estate Portfolio - Service Class	ING American Century Small-Mid Cap Value Portfolio - Service
ING Global Resources Portfolio - Service Class	Class
ING Global Technology Portfolio - Service Class	ING Baron Small Cap Growth Portfolio - Service Class
ING International Growth Opportunities Portfolio - Service Class	ING Columbia Small Cap Value II Portfolio - Service Class
ING Janus Contrarian Portfolio - Service Class	ING Davis New York Venture Portfolio - Service Class
ING JPMorgan Emerging Markets Equity Portfolio - Service Class	ING JPMorgan International Portfolio - Service Class
ING JPMorgan Small Cap Core Equity Portfolio - Service Class	ING JPMorgan Mid Cap Value Portfolio - Service Class
ING JPMorgan Value Opportunities Portfolio - Service Class	ING Legg Mason Partners Aggressive Growth Portfolio - Service
ING Julius Baer Foreign Portfolio - Service Class	Class
ING Legg Mason Value Portfolio - Service Class	ING Neuberger Berman Partners Portfolio - Service Class
ING LifeStyle Aggressive Growth Portfolio - Service Class	ING Neuberger Berman Regency Portfolio - Service Class
ING LifeStyle Growth Portfolio - Service Class	ING OpCap Balanced Value Portfolio - Service Class
ING LifeStyle Moderate Growth Portfolio - Service Class	ING Oppenheimer Global Portfolio - Initial Class


ING Partners, Inc. (continued):	ING Variable Portfolios, Inc. (continued):
ING Oppenheimer Global Portfolio - Service Class	ING Opportunistic Large Cap Growth Portfolio - Class S
ING Oppenheimer Strategic Income Portfolio - Service Class	ING Opportunistic Large Cap Value Portfolio - Class S
ING PIMCO Total Return Portfolio - Service Class	ING Russell^TMLarge Cap Index Portfolio - Class S
ING Solution 2015 Portfolio - Service Class	ING Russell^TMMid Cap Index Portfolio - Class S
ING Solution 2025 Portfolio - Service Class	ING Russell^TMSmall Cap Index Portfolio - Class S
ING Solution 2035 Portfolio - Service Class	ING VP Index Plus LargeCap Portfolio - Class S
ING Solution 2045 Portfolio - Service Class	ING VP Index Plus MidCap Portfolio - Class S
ING Solution Income Portfolio - Service Class	ING VP Index Plus SmallCap Portfolio - Class S
ING T. Rowe Price Diversified Mid Cap Growth Portfolio -	ING VP Small Company Portfolio - Class S
Service Class	ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio
ING T. Rowe Price Growth Equity Portfolio - Service Class	- Class S
ING Templeton Foreign Equity Portfolio - Service Class	ING Variable Products Trust:
ING Thornburg Value Portfolio - Initial Class	ING VP Financial Services Portfolio - Class S
ING Thornburg Value Portfolio - Service Class	ING VP International Value Portfolio - Class S
ING UBS U.S. Large Cap Equity Portfolio - Service Class	ING VP MidCap Opportunities Portfolio - Class S
ING UBS U.S. Small Cap Growth Portfolio - Service Class	ING VP Real Estate Portfolio - Class S
ING Van Kampen Comstock Portfolio - Service Class	ING VP SmallCap Opportunities Portfolio - Class S
ING Van Kampen Equity and Income Portfolio - Service Class	ING VP Balanced Portfolio, Inc.:
ING Strategic Allocation Portfolios, Inc.:	ING VP Balanced Portfolio - Class S
ING VP Strategic Allocation Growth Portfolio - Class S	ING VP Intermediate Bond Portfolio:
ING VP Strategic Allocation Moderate Portfolio - Class S	ING VP Intermediate Bond Portfolio - Class S
ING Variable Funds:	Legg Mason Partners Variable Equity Trust:
ING VP Growth and Income Portfolio - Class I	Legg Mason Partners Variable International All Cap Opportunity
ING VP Growth and Income Portfolio - Class S	Portfolio
ING Variable Insurance Trust:	Legg Mason Partners Variable Investors Portfolio
ING GET U.S. Core Portfolio - Series 1	Legg Mason Partners Variable Lifestyle Allocation 50%
ING GET U.S. Core Portfolio - Series 2	Legg Mason Partners Variable Lifestyle Allocation 70%
ING GET U.S. Core Portfolio - Series 3	Legg Mason Partners Variable Lifestyle Allocation 85%
ING GET U.S. Core Portfolio - Series 4	Legg Mason Partners Variable Income Trust:
ING GET U.S. Core Portfolio - Series 5	Legg Mason Partners Variable High Income Portfolio
ING GET U.S. Core Portfolio - Series 6	Legg Mason Partners Variable Money Market Portfolio
ING GET U.S. Core Portfolio - Series 7	Oppenheimer Variable Account Funds:
ING GET U.S. Core Portfolio - Series 8	Oppenheimer Main Street Small Cap Fund®/VA - Service Class
ING GET U.S. Core Portfolio - Series 9	PIMCO Variable Insurance Trust:
ING GET U.S. Core Portfolio - Series 10	PIMCO Real Return Portfolio - Administrative Class
ING GET U.S. Core Portfolio - Series 11	Pioneer Variable Contracts Trust:
ING GET U.S. Core Portfolio - Series 12	Pioneer Equity Income VCT Portfolio - Class II
ING GET U.S. Core Portfolio - Series 13	Pioneer Small Cap Value VCT Portfolio - Class II
ING GET U.S. Core Portfolio - Series 14	ProFunds:
ING VP Global Equity Dividend Portfolio	ProFund VP Bull
ING Variable Portfolios, Inc.:	ProFund VP Europe 30
ING BlackRock Global Science and Technology Portfolio -	ProFund VP Rising Rates Opportunity
Class S	ProFund VP Small-Cap
ING International Index Portfolio - Class S
ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio -
Class S

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. We were not engaged
to perform an audit of the Account’s internal control over financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Account’s internal control over financial reporting. Accordingly, we express no such opinion. An
audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates made by

management, and evaluating the overall financial statement presentation. Our procedures included

confirmation of securities owned as of December 31, 2008, by correspondence with the transfer agents.

We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the

financial position of each of the respective Divisions constituting ReliaStar Life Insurance Company of

New York Separate Account NY-B at December 31, 2008, the results of their operations and changes in

their net assets for the periods disclosed in the financial statements, in conformity with U.S. generally

accepted accounting principles.

/s/ Ernst & Young LLP

Atlanta, Georgia

March 12, 2009

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


		BlackRock	Columbia Small	Fidelity® VIP	Fidelity® VIP
	AIM V.I.	Global	Cap Value	Equity-Income	Contrafund®
	Leisure Fund -	Allocation V.I.	Fund, Variable	Portfolio -	Portfolio -
	Series I Shares	Fund - Class III	Series - Class B	Service Class 2	Service Class 2
Assets
Investments in mutual funds
at fair value	$ 135	$ 5,770	$ 832	$ 4,368	$ 21,123
Total assets	135	5,770	832	4,368	21,123

Liabilities
Payable to related parties	-	-	-	-	2
Total liabilities	-	-	-	-	2
Net assets	$ 135	$ 5,770	$ 832	$ 4,368	$ 21,121

Total number of mutual fund shares	26,964	510,622	73,537	335,967	1,395,192

Cost of mutual fund shares	$ 265	$ 6,522	$ 1,336	$ 8,003	$ 36,488




The accompanying notes are an integral part of these financial statements.

		4

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


ING
	Franklin Small	AllianceBernstein		ING American
	Cap Value	Mid Cap Growth		Funds Asset	ING American	ING American
	Securities Fund	Portfolio - Service		Allocation	Funds Bond	Funds Growth
	- Class 2		Class	Portfolio	Portfolio	Portfolio
Assets
Investments in mutual funds
at fair value	$ 559	$ 2,620		$ 1,874	$ 10,589	$ 34,499
Total assets	559		2,620	1,874	10,589	34,499

Liabilities
Payable to related parties	-		-	-	1	3
Total liabilities	-		-	-	1	3
Net assets	$ 559	$ 2,620		$ 1,874	$ 10,588	$ 34,496

Total number of mutual fund shares	52,991		354,504	258,104	1,173,995	946,221

Cost of mutual fund shares	$ 728	$ 4,813		$ 2,171	$ 11,196	$ 56,870




The accompanying notes are an integral part of these financial statements.

		5

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


				ING BlackRock
	ING American	ING American		Large Cap	ING BlackRock	ING Evergreen
	Funds Growth-	Funds		Growth	Large Cap	Health Sciences
	Income	International		Portfolio -	Value Portfolio	Portfolio -
	Portfolio	Portfolio		Service Class	- Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 21,903	$ 20,503		$ 1,680	$ 389	$ 4,254
Total assets	21,903		20,503	1,680	389	4,254

Liabilities
Payable to related parties	2		2	-	-	-
Total liabilities	2		2	-	-	-
Net assets	$ 21,901	$ 20,501		$ 1,680	$ 389	$ 4,254

Total number of mutual fund shares	841,764		1,465,542	252,699	45,298	496,382

Cost of mutual fund shares	$ 33,776	$ 32,067		$ 2,678	$ 614	$ 5,448




The accompanying notes are an integral part of these financial statements.

		6

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING Evergreen	ING FMR^SM		ING Franklin	ING Franklin
	Omega	Diversified Mid	ING Focus 5	Income	Mutual Shares
	Portfolio -	Cap Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 199	$ 6,500	$ 1,275	$ 9,081	$ 4,784
Total assets	199	6,500	1,275	9,081	4,784

Liabilities
Payable to related parties	-	1	-	1	-
Total liabilities	-	1	-	1	-
Net assets	$ 199	$ 6,499	$ 1,275	$ 9,080	$ 4,784

Total number of mutual fund shares	24,480	760,248	220,596	1,191,798	834,870

Cost of mutual fund shares	$ 291	$ 10,433	$ 1,987	$ 13,009	$ 7,194




The accompanying notes are an integral part of these financial statements.

		7

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING Franklin				ING
	Templeton				International
	Founding	ING Global		ING Global	Growth		ING Janus
	Strategy	Real Estate		Resources	Opportunities		Contrarian
	Portfolio -	Portfolio -		Portfolio -	Portfolio -		Portfolio -
	Service Class	Service Class		Service Class	Service Class		Service Class
Assets
Investments in mutual funds
at fair value	$ 10,007	$ 4,297		$ 9,788	$ 149		$ 6,992
Total assets	10,007		4,297	9,788		149	6,992

Liabilities
Payable to related parties	1		-	1		-	1
Total liabilities	1		-	1		-	1
Net assets	$ 10,006	$ 4,297		$ 9,787	$ 149		$ 6,991

Total number of mutual fund shares	1,606,300		606,109	751,152	43,200		895,226

Cost of mutual fund shares	$ 14,246	$ 6,899		$ 16,943	$ 348		$ 13,081




The accompanying notes are an integral part of these financial statements.

		8

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING JPMorgan	ING JPMorgan	ING JPMorgan
	Emerging	Small Cap Core	Value	ING Julius	ING Legg
	Markets Equity	Equity	Opportunities	Baer Foreign	Mason Value
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 11,277	$ 3,770	$ 1,060	$ 11,783	$ 2,910
Total assets	11,277	3,770	1,060	11,783	2,910

Liabilities
Payable to related parties	1	-	-	-	-
Total liabilities	1	-	-	-	-
Net assets	$ 11,276	$ 3,770	$ 1,060	$ 11,783	$ 2,910

Total number of mutual fund shares	938,977	448,867	177,224	1,262,961	858,340

Cost of mutual fund shares	$ 18,553	$ 6,072	$ 1,943	$ 20,321	$ 7,176




The accompanying notes are an integral part of these financial statements.

		9

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING LifeStyle			ING LifeStyle
	Aggressive	ING LifeStyle		Moderate	ING LifeStyle	ING Limited
	Growth	Growth		Growth	Moderate	Maturity Bond
	Portfolio -	Portfolio -		Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class		Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 19,397	$ 59,446		$ 67,289	$ 35,460	$ 432
Total assets	19,397		59,446	67,289	35,460	432

Liabilities
Payable to related parties	3		7	5	2	-
Total liabilities	3		7	5	2	-
Net assets	$ 19,394	$ 59,439		$ 67,284	$ 35,458	$ 432

Total number of mutual fund shares	2,701,483	7,477,443		8,126,693	4,024,967	41,906

Cost of mutual fund shares	$ 34,939	$ 92,878		$ 96,306	$ 46,103	$ 472




The accompanying notes are an integral part of these financial statements.

		10

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


		ING Lord			ING Marsico
		Abbett		ING Marsico	International	ING MFS Total
	ING Liquid	Affiliated		Growth	Opportunities	Return
	Assets Portfolio	Portfolio -		Portfolio -	Portfolio -	Portfolio -
	- Service Class	Service Class		Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 52,265	$ 257		$ 5,775	$ 5,285	$ 9,142
Total assets	52,265		257	5,775	5,285	9,142

Liabilities
Payable to related parties	3		-	1	-	1
Total liabilities	3		-	1	-	1
Net assets	$ 52,262	$ 257		$ 5,774	$ 5,285	$ 9,141

Total number of mutual fund shares	52,265,287		39,172	513,825	689,980	768,220

Cost of mutual fund shares	$ 52,265	$ 447		$ 8,252	$ 9,580	$ 13,057




The accompanying notes are an integral part of these financial statements.

		11

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


ING Multi-
		Manager		ING
	ING MFS	International		Oppenheimer	ING PIMCO	ING PIMCO
	Utilities	Small Cap		Main Street	Core Bond	High Yield
	Portfolio -	Portfolio -		Portfolio® -	Portfolio -	Portfolio -
	Service Class	Class S		Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 7,193	$ 174		$ 5,281	$ 32,264	$ 4,816
Total assets	7,193		174	5,281	32,264	4,816

Liabilities
Payable to related parties	-		-	1	2	1
Total liabilities	-		-	1	2	1
Net assets	$ 7,193	$ 174		$ 5,280	$ 32,262	$ 4,815

Total number of mutual fund shares	756,402		32,300	433,960	2,810,483	686,002

Cost of mutual fund shares	$ 11,070	$ 244		$ 8,340	$ 31,998	$ 6,769




The accompanying notes are an integral part of these financial statements.

		12

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


			ING T. Rowe	ING T. Rowe
		ING Pioneer	Price Capital	Price Equity	ING Templeton
	ING Pioneer	Mid Cap Value	Appreciation	Income	Global Growth
	Fund Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 205	$ 6,262	$ 19,963	$ 7,214	$ 4,943
Total assets	205	6,262	19,963	7,214	4,943

Liabilities
Payable to related parties	-	-	2	-	-
Total liabilities	-	-	2	-	-
Net assets	$ 205	$ 6,262	$ 19,961	$ 7,214	$ 4,943

Total number of mutual fund shares	25,889	826,065	1,294,648	852,759	600,565

Cost of mutual fund shares	$ 321	$ 9,391	$ 30,082	$ 11,724	$ 8,630




The accompanying notes are an integral part of these financial statements.

		13

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


			ING Van		ING VP Index
	ING Van	ING Van	Kampen		Plus
	Kampen	Kampen Global	Growth and	ING Van	International
	Capital Growth	Franchise	Income	Kampen Real	Equity
	Portfolio -	Portfolio -	Portfolio -	Estate Portfolio	Portfolio -
	Service Class	Service Class	Service Class	- Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 535	$ 3,102	$ 1,874	$ 3,392	$ 1,851
Total assets	535	3,102	1,874	3,392	1,851

Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 535	$ 3,102	$ 1,874	$ 3,392	$ 1,851

Total number of mutual fund shares	77,889	284,880	118,705	240,942	359,496

Cost of mutual fund shares	$ 961	$ 4,305	$ 2,915	$ 7,619	$ 3,841




The accompanying notes are an integral part of these financial statements.

		14

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING Wells	ING American	ING American	ING Baron	ING Columbia
	Fargo Small	Century Large	Century Small-	Small Cap	Small Cap
	Cap Disciplined	Company Value	Mid Cap Value	Growth	Value II
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 211	$ 212	$ 161	$ 5,999	$ 2,836
Total assets	211	212	161	5,999	2,836

Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 211	$ 212	$ 161	$ 5,999	$ 2,836

Total number of mutual fund shares	33,755	45,307	21,992	541,435	415,882

Cost of mutual fund shares	$ 358	$ 423	$ 217	$ 9,196	$ 4,066




The accompanying notes are an integral part of these financial statements.

		15

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


			ING Legg
			Mason Partners	ING Neuberger	ING
	ING Davis New ING JPMorgan		Aggressive	Berman	Oppenheimer
	York Venture	Mid Cap Value	Growth	Partners	Global
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Initial Class
Assets
Investments in mutual funds
at fair value	$ 7,944	$ 1,294	$ 1,152	$ 386	$ 151
Total assets	7,944	1,294	1,152	386	151

Liabilities
Payable to related parties	1	-	-	-	-
Total liabilities	1	-	-	-	-
Net assets	$ 7,943	$ 1,294	$ 1,152	$ 386	$ 151

Total number of mutual fund shares	652,231	139,309	39,914	70,406	16,623

Cost of mutual fund shares	$ 11,403	$ 1,804	$ 1,867	$ 763	$ 213




The accompanying notes are an integral part of these financial statements.

		16

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


ING
	ING	Oppenheimer
	Oppenheimer	Strategic		ING PIMCO
	Global	Income		Total Return	ING Solution	ING Solution
	Portfolio -	Portfolio -		Portfolio -	2015 Portfolio -	2025 Portfolio -
	Service Class	Service Class		Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 6,874	$ 88		$ 111	$ 26	$ 771
Total assets	6,874		88	111	26	771

Liabilities
Payable to related parties	1		-	-	-	-
Total liabilities	1		-	-	-	-
Net assets	$ 6,873	$ 88		$ 111	$ 26	$ 771

Total number of mutual fund shares	778,507		9,870	10,094	2,954	94,573

Cost of mutual fund shares	$ 11,751	$ 103		$ 114	$ 28	$ 998




The accompanying notes are an integral part of these financial statements.

		17

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


				ING T. Rowe
				Price	ING T. Rowe
			ING Solution	Diversified Mid	Price Growth
	ING Solution	ING Solution	Income	Cap Growth	Equity
	2035 Portfolio -	2045 Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 77	$ 14	$ 51	$ 393	$ 1,084
Total assets	77	14	51	393	1,084

Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 77	$ 14	$ 51	$ 393	$ 1,084

Total number of mutual fund shares	9,589	1,720	5,455	86,785	33,402

Cost of mutual fund shares	$ 120	$ 23	$ 59	$ 666	$ 1,615




The accompanying notes are an integral part of these financial statements.

		18

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


				ING UBS U.S.	ING Van
	ING Templeton	ING	ING	Large Cap	Kampen
	Foreign Equity	Thornburg	Thornburg	Equity	Comstock
	Portfolio -	Value Portfolio	Value Portfolio	Portfolio -	Portfolio -
	Service Class	- Initial Class	- Service Class	Service Class	Service Class
Assets
Investments in mutual funds
at fair value	$ 6,062	$ 1	$ 72	$ 510	$ 3,365
Total assets	6,062	1	72	510	3,365

Liabilities
Payable to related parties	1	-	-	-	-
Total liabilities	1	-	-	-	-
Net assets	$ 6,061	$ 1	$ 72	$ 510	$ 3,365

Total number of mutual fund shares	771,309	70	3,538	82,954	472,549

Cost of mutual fund shares	$ 9,811	$ 2	$ 89	$ 770	$ 5,657




The accompanying notes are an integral part of these financial statements.

		19

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


		ING VP	ING VP
	ING Van	Strategic	Strategic	ING VP	ING VP
	Kampen Equity	Allocation	Allocation	Growth and	Growth and
	and Income	Growth	Moderate	Income	Income
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Class S	Class S	Class I	Class S
Assets
Investments in mutual funds
at fair value	$ 2,087	$ 74	$ 23	$ 1,110	$ 755
Total assets	2,087	74	23	1,110	755

Liabilities
Payable to related parties	-	-	-	1	-
Total liabilities	-	-	-	1	-
Net assets	$ 2,087	$ 74	$ 23	$ 1,109	$ 755

Total number of mutual fund shares	81,575	8,189	2,566	73,429	50,358

Cost of mutual fund shares	$ 2,776	$ 98	$ 33	$ 1,801	$ 1,033




The accompanying notes are an integral part of these financial statements.

		20

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.
	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -
	Series 3	Series 4	Series 5	Series 6	Series 7
Assets
Investments in mutual funds
at fair value	$ 2,317	$ 2,625	$ 3,070	$ 1,384	$ 2,673
Total assets	2,317	2,625	3,070	1,384	2,673

Liabilities
Payable to related parties	1	1	-	-	-
Total liabilities	1	1	-	-	-
Net assets	$ 2,316	$ 2,624	$ 3,070	$ 1,384	$ 2,673

Total number of mutual fund shares	244,105	312,097	388,582	169,758	333,693

Cost of mutual fund shares	$ 2,425	$ 3,073	$ 3,766	$ 1,659	$ 3,210




The accompanying notes are an integral part of these financial statements.

		21

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.
	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -
	Series 8	Series 9	Series 10	Series 11	Series 12
Assets
Investments in mutual funds
at fair value	$ 380	$ 234	$ 923	$ 250	$ 56
Total assets	380	234	923	250	56

Liabilities
Payable to related parties	-	-	-	-	-
Total liabilities	-	-	-	-	-
Net assets	$ 380	$ 234	$ 923	$ 250	$ 56

Total number of mutual fund shares	47,732	29,457	110,902	30,329	7,016

Cost of mutual fund shares	$ 455	$ 284	$ 1,083	$ 297	$ 69




The accompanying notes are an integral part of these financial statements.

		22

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


					ING Lehman
			ING BlackRock		Brothers U.S.
			Global Science	ING	Aggregate
	ING GET U.S.	ING GET U.S.	and Technology	International	Bond Index®
	Core Portfolio -	Core Portfolio -	Portfolio -	Index Portfolio	Portfolio -
	Series 13	Series 14	Class S	- Class S	Class S
Assets
Investments in mutual funds
at fair value	$ 711	$ 9,665	$ 1,982	$ 580	$ 2,336
Total assets	711	9,665	1,982	580	2,336

Liabilities
Payable to related parties	-	1	-	-	-
Total liabilities	-	1	-	-	-
Net assets	$ 711	$ 9,664	$ 1,982	$ 580	$ 2,336

Total number of mutual fund shares	71,051	923,950	609,844	90,467	231,289

Cost of mutual fund shares	$ 705	$ 9,428	$ 2,880	$ 757	$ 2,291




The accompanying notes are an integral part of these financial statements.

		23

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	ING
	Opportunistic		ING
	Large Cap		Opportunistic	ING Russell™	ING Russell™	ING Russell™
	Growth		Large Cap	Large Cap	Mid Cap Index	Small Cap
	Portfolio -		Value Portfolio	Index Portfolio	Portfolio -	Index Portfolio
	Class S		- Class S	- Class S	Class S	- Class S
Assets
Investments in mutual funds
at fair value	$ 20		$ 114	$ 574	$ 507	$ 834
Total assets		20	114	574	507	834

Liabilities
Payable to related parties		-	-	-	-	-
Total liabilities		-	-	-	-	-
Net assets	$ 20		$ 114	$ 574	$ 507	$ 834

Total number of mutual fund shares	2,930		13,248	79,705	76,530	107,831

Cost of mutual fund shares	$ 30		$ 175	$ 787	$ 701	$ 1,129




The accompanying notes are an integral part of these financial statements.

			24

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


						ING
						WisdomTree^SM
	ING VP Index	ING VP Index		ING VP Index	ING VP Small	Global High-
	Plus LargeCap	Plus MidCap		Plus SmallCap	Company	Yielding Equity
	Portfolio -	Portfolio -		Portfolio -	Portfolio -	Index Portfolio
	Class S	Class S		Class S	Class S	- Class S
Assets
Investments in mutual funds
at fair value	$ 3,275	$ 4,942		$ 4,383	$ 1,169	$ 3,600
Total assets	3,275		4,942	4,383	1,169	3,600

Liabilities
Payable to related parties	-		1	-	-	-
Total liabilities	-		1	-	-	-
Net assets	$ 3,275	$ 4,941		$ 4,383	$ 1,169	$ 3,600

Total number of mutual fund shares	316,749		503,289	470,806	100,972	602,052

Cost of mutual fund shares	$ 5,140	$ 8,613		$ 7,469	$ 1,501	$ 5,167




The accompanying notes are an integral part of these financial statements.

		25

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


		ING VP		ING VP
	ING VP	MidCap		SmallCap	ING VP	ING VP
	International	Opportunities		Opportunities	Balanced	Intermediate
	Value Portfolio	Portfolio -		Portfolio -	Portfolio -	Bond Portfolio
	- Class S	Class S		Class S	Class S	- Class S
Assets
Investments in mutual funds
at fair value	$ 637	$ 3,061		$ 631	$ 176	$ 15,659
Total assets	637		3,061	631	176	15,659

Liabilities
Payable to related parties	-		-	-	-	1
Total liabilities	-		-	-	-	1
Net assets	$ 637	$ 3,061		$ 631	$ 176	$ 15,658

Total number of mutual fund shares	91,962		486,700	52,375	19,314	1,422,208

Cost of mutual fund shares	$ 992	$ 4,324		$ 924	$ 245	$ 17,952




The accompanying notes are an integral part of these financial statements.

		26

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	Legg Mason
	Partners
	Variable	Legg Mason		Legg Mason	Legg Mason	Legg Mason
	International	Partners		Partners	Partners	Partners
	All Cap	Variable		Variable	Variable	Variable
	Opportunity	Investors		Lifestyle	Lifestyle	Lifestyle
	Portfolio	Portfolio		Allocation 50%	Allocation 70% Allocation 85%
Assets
Investments in mutual funds
at fair value	$ 100	$ 278		$ 1,250	$ 462	$ 224
Total assets	100		278	1,250	462	224

Liabilities
Payable to related parties	-		-	-	-	-
Total liabilities	-		-	-	-	-
Net assets	$ 100	$ 278		$ 1,250	$ 462	$ 224

Total number of mutual fund shares	20,376		27,393	150,973	62,407	27,280

Cost of mutual fund shares	$ 246	$ 471		$ 1,667	$ 553	$ 331




The accompanying notes are an integral part of these financial statements.

		27

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	Legg Mason	Legg Mason	Oppenheimer	PIMCO Real
	Partners	Partners	Main Street	Return		Pioneer Equity
	Variable High	Variable	Small Cap	Portfolio -		Income VCT
	Income	Money Market	Fund®/VA -	Administrative		Portfolio -
	Portfolio	Portfolio	Service Class	Class		Class II
Assets
Investments in mutual funds
at fair value	$ 116	$ 105	$ 73	$ 142		$ 1,279
Total assets	116	105	73		142	1,279

Liabilities
Payable to related parties	-	-	-		-	-
Total liabilities	-	-	-		-	-
Net assets	$ 116	$ 105	$ 73	$ 142		$ 1,279

Total number of mutual fund shares	29,609	104,968	6,932	12,651		83,832

Cost of mutual fund shares	$ 188	$ 105	$ 112	$ 158		$ 1,611




The accompanying notes are an integral part of these financial statements.

		28

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Assets and Liabilities

December 31, 2008

(Dollars in thousands)


	Pioneer Small
	Cap Value VCT			ProFund VP
	Portfolio -	ProFund VP	ProFund VP	Rising Rates
	Class II	Bull	Europe 30	Opportunity
Assets
Investments in mutual funds
at fair value	$ 84	$ 57	$ 62	$ 181
Total assets	84	57	62	181

Liabilities
Payable to related parties	-	-	-	-
Total liabilities	-	-	-	-
Net assets	$ 84	$ 57	$ 62	$ 181

Total number of mutual fund shares	12,434	3,036	3,786	16,671

Cost of mutual fund shares	$ 185	$ 88	$ 105	$ 332




The accompanying notes are an integral part of these financial statements.

		29

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


		BlackRock	Columbia Small	Fidelity® VIP		Fidelity® VIP
	AIM V.I.	Global	Cap Value	Equity-Income		Contrafund®
	Leisure Fund -	Allocation V.I.	Fund, Variable	Portfolio -		Portfolio -
	Series I Shares	Fund - Class III	Series - Class B	Service Class 2		Service Class 2
Net investment income (loss)
Income:
Dividends	$ 2	$ 155	$ 5	$ 144		$ 236
Total investment income	2	155	5		144	236
Expenses:
Mortality, expense risk
and other charges	4	30	19		88	339
Annual administrative charges	-	1	-		1	3
Contingent deferred sales charges	-	-	-		4	5
Other contract charges	1	12	8		25	115
Total expenses	5	43	27		118	462
Net investment income (loss)	(3)	112	(22)		26	(226)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(9)	(32)	(52)		(151)	(444)
Capital gains distributions	35	29	145		6	492
Total realized gain (loss) on investments
and capital gains distributions	26	(3)	93		(145)	48
Net unrealized appreciation
(depreciation) of investments	(137)	(752)	(460)		(3,082)	(12,838)
Net realized and unrealized gain (loss)
on investments	(111)	(755)	(367)		(3,227)	(12,790)
Net increase (decrease) in net assets
resulting from operations	$ (114)	$ (643)	$ (389)	$ (3,201)		$ (13,016)




The accompanying notes are an integral part of these financial statements.

	30

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


		ING
	Franklin Small	AllianceBernstein	ING American
	Cap Value	Mid Cap Growth	Funds Asset	ING American		ING American
	Securities Fund	Portfolio - Service	Allocation	Funds Bond		Funds Growth
	- Class 2	Class	Portfolio	Portfolio		Portfolio
Net investment income (loss)
Income:
Dividends	$ 2	$ -	$ -	$ -		$ 344
Total investment income	2	-	-		-	344
Expenses:
Mortality, expense risk
and other charges	3	47	10		76	660
Annual administrative charges	-	1	-		1	5
Contingent deferred sales charges	-	1	-		1	38
Other contract charges	1	18	3		30	282
Total expenses	4	67	13		108	985
Net investment income (loss)	(2)	(67)	(13)		(108)	(641)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(1)	(336)	(7)		(93)	(166)
Capital gains distributions	11	652	-		-	3,240
Total realized gain (loss) on investments
and capital gains distributions	10	316	(7)		(93)	3,074
Net unrealized appreciation
(depreciation) of investments	(169)	(2,139)	(297)		(607)	(27,123)
Net realized and unrealized gain (loss)
on investments	(159)	(1,823)	(304)		(700)	(24,049)
Net increase (decrease) in net assets
resulting from operations	$ (161)	$ (1,890)	$ (317)	$ (808)		$ (24,690)




The accompanying notes are an integral part of these financial statements.

	31

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


			ING BlackRock		ING Capital
		ING American	Large Cap	ING BlackRock	Guardian U.S.
	ING American	Funds	Growth	Large Cap	Equities
	Funds Growth-	International	Portfolio -	Value Portfolio -	Portfolio -
	Income Portfolio	Portfolio	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 387	$ 479	$ -	$ 2	$ 15
Total investment income	387	479	-	2	15
Expenses:
Mortality, expense risk
and other charges	411	399	25	8	10
Annual administrative charges	4	4	-	-	-
Contingent deferred sales charges	11	13	1	-	-
Other contract charges	176	165	11	4	3
Total expenses	602	581	37	12	13
Net investment income (loss)	(215)	(102)	(37)	(10)	2

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(122)	81	(82)	(6)	(421)
Capital gains distributions	1,067	1,546	227	27	171
Total realized gain (loss) on investments
and capital gains distributions	945	1,627	145	21	(250)
Net unrealized appreciation
(depreciation) of investments	(13,665)	(15,875)	(1,017)	(246)	70
Net realized and unrealized gain (loss)
on investments	(12,720)	(14,248)	(872)	(225)	(180)
Net increase (decrease) in net assets
resulting from operations	$ (12,935)	$ (14,350)	$ (909)	$ (235)	$ (178)




The accompanying notes are an integral part of these financial statements.

	32

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING	ING Evergreen		ING FMR^SM
	EquitiesPlus	Health Sciences	ING Evergreen	Diversified Mid		ING Focus 5
	Portfolio -	Portfolio -	Omega Portfolio	Cap Portfolio -		Portfolio -
	Service Class	Service Class	- Service Class	Service Class		Service Class
Net investment income (loss)
Income:
Dividends	$ 14	$ 7	$ -	$ 64		$ 29
Total investment income	14	7	-		64	29
Expenses:
Mortality, expense risk
and other charges	1	62	3		132	20
Annual administrative charges	-	-	-		1	-
Contingent deferred sales charges	-	-	-		1	-
Other contract charges	-	26	1		46	7
Total expenses	1	88	4		180	27
Net investment income (loss)	13	(81)	(4)		(116)	2

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(54)	(27)	(5)		(157)	(43)
Capital gains distributions	12	242	30		645	-
Total realized gain (loss) on investments
and capital gains distributions	(42)	215	25		488	(43)
Net unrealized appreciation
(depreciation) of investments	3	(1,550)	(94)		(4,554)	(713)
Net realized and unrealized gain (loss)
on investments	(39)	(1,335)	(69)		(4,066)	(756)
Net increase (decrease) in net assets
resulting from operations	$ (26)	$ (1,416)	$ (73)	$ (4,182)		$ (754)




The accompanying notes are an integral part of these financial statements.

	33

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


			ING Franklin
			Templeton
		ING Franklin	Founding	ING Global		ING Global
	ING Franklin	Mutual Shares	Strategy	Real Estate		Resources
	Income Portfolio	Portfolio -	Portfolio -	Portfolio -		Portfolio -
	- Service Class	Service Class	Service Class	Service Class		Service Class
Net investment income (loss)
Income:
Dividends	$ 325	$ 210	$ 11	$ -		$ 191
Total investment income	325	210	11		-	191
Expenses:
Mortality, expense risk
and other charges	162	79	150		68	171
Annual administrative charges	1	1	1		-	1
Contingent deferred sales charges	6	2	1		-	1
Other contract charges	66	30	56		29	69
Total expenses	235	112	208		97	242
Net investment income (loss)	90	98	(197)		(97)	(51)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(170)	(190)	(239)		(136)	(197)
Capital gains distributions	81	7	2		-	1,952
Total realized gain (loss) on investments
and capital gains distributions	(89)	(183)	(237)		(136)	1,755
Net unrealized appreciation
(depreciation) of investments	(3,822)	(2,412)	(4,153)		(2,224)	(8,073)
Net realized and unrealized gain (loss)
on investments	(3,911)	(2,595)	(4,390)		(2,360)	(6,318)
Net increase (decrease) in net assets
resulting from operations	$ (3,821)	$ (2,497)	$ (4,587)	$ (2,457)		$ (6,369)




The accompanying notes are an integral part of these financial statements.

	34

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


		ING
		International		ING JPMorgan
	ING Global	Growth	ING Janus	Emerging	ING JPMorgan
	Technology	Opportunities	Contrarian	Markets Equity Small Cap Core
	Portfolio -	Portfolio -	Portfolio -	Portfolio -	Equity Portfolio
	Service Class	Service Class	Service Class	Service Class	- Service Class
Net investment income (loss)
Income:
Dividends	$ -	$ 3	$ 52	$ 346	$ 24
Total investment income	-	3	52	346	24
Expenses:
Mortality, expense risk
and other charges	6	3	128	216	83
Annual administrative charges	-	-	1	2	1
Contingent deferred sales charges	-	-	-	3	4
Other contract charges	2	-	46	97	39
Total expenses	8	3	175	318	127
Net investment income (loss)	(8)	-	(123)	28	(103)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(173)	(1)	(452)	166	(184)
Capital gains distributions	135	76	1,218	853	486
Total realized gain (loss) on investments
and capital gains distributions	(38)	75	766	1,019	302
Net unrealized appreciation
(depreciation) of investments	(11)	(239)	(6,453)	(10,767)	(2,068)
Net realized and unrealized gain (loss)
on investments	(49)	(164)	(5,687)	(9,748)	(1,766)
Net increase (decrease) in net assets
resulting from operations	$ (57)	$ (164)	$ (5,810)	$ (9,720)	$ (1,869)




The accompanying notes are an integral part of these financial statements.

	35

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING JPMorgan				ING LifeStyle
	Value	ING Julius Baer		ING Legg	Aggressive	ING LifeStyle
	Opportunities		Foreign	Mason Value	Growth	Growth
	Portfolio -		Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class		Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 47	$ -		$ 1	$ 438	$ 1,188
Total investment income	47		-	1	438	1,188
Expenses:
Mortality, expense risk
and other charges	22		237	77	387	1,073
Annual administrative charges	-		1	-	6	11
Contingent deferred sales charges	-		14	1	11	11
Other contract charges	7		102	34	194	475
Total expenses	29		354	112	598	1,570
Net investment income (loss)	18		(354)	(111)	(160)	(382)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(49)		(145)	(783)	(286)	(725)
Capital gains distributions	179		1,665	1,217	2,658	4,114
Total realized gain (loss) on investments
and capital gains distributions	130		1,520	434	2,372	3,389
Net unrealized appreciation
(depreciation) of investments	(891)		(10,053)	(4,177)	(16,162)	(35,712)
Net realized and unrealized gain (loss)
on investments	(761)		(8,533)	(3,743)	(13,790)	(32,323)
Net increase (decrease) in net assets
resulting from operations	$ (743)	$ (8,887)		$ (3,854)	$ (13,950)	$ (32,705)




The accompanying notes are an integral part of these financial statements.

	36

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING LifeStyle				ING Lord
	Moderate	ING LifeStyle	ING Limited		Abbett
	Growth	Moderate	Maturity Bond	ING Liquid	Affiliated
	Portfolio -	Portfolio -	Portfolio -	Assets Portfolio	Portfolio -
	Service Class	Service Class	Service Class	- Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 1,463	$ 629	$ 30	$ 846	$ 9
Total investment income	1,463	629	30	846	9
Expenses:
Mortality, expense risk
and other charges	1,087	533	7	628	6
Annual administrative charges	8	4	-	9	-
Contingent deferred sales charges	14	15	-	424	-
Other contract charges	431	174	-	133	2
Total expenses	1,540	726	7	1,194	8
Net investment income (loss)	(77)	(97)	23	(348)	1

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(572)	(147)	(5)	-	(26)
Capital gains distributions	3,564	1,126	3	-	54
Total realized gain (loss) on investments
and capital gains distributions	2,992	979	(2)	-	28
Net unrealized appreciation
(depreciation) of investments	(31,906)	(11,587)	(28)	-	(203)
Net realized and unrealized gain (loss)
on investments	(28,914)	(10,608)	(30)	-	(175)
Net increase (decrease) in net assets
resulting from operations	$ (28,991)	$ (10,705)	$ (7)	$ (348)	$ (174)




The accompanying notes are an integral part of these financial statements.

	37

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


		ING Marsico
	ING Marsico	International		ING MFS	ING Mid Cap
	Growth	Opportunities	ING MFS Total	Utilities	Growth
	Portfolio -	Portfolio -	Return Portfolio	Portfolio -	Portfolio -
	Service Class	Service Class	- Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 42	$ 72	$ 645	$ 306	$ -
Total investment income	42	72	645	306	-
Expenses:
Mortality, expense risk
and other charges	116	98	164	118	11
Annual administrative charges	1	1	3	1	-
Contingent deferred sales charges	-	1	3	2	-
Other contract charges	33	39	45	49	2
Total expenses	150	139	215	170	13
Net investment income (loss)	(108)	(67)	430	136	(13)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(745)	43	(325)	292	(484)
Capital gains distributions	-	747	1,013	924	-
Total realized gain (loss) on investments
and capital gains distributions	(745)	790	688	1,216	(484)
Net unrealized appreciation
(depreciation) of investments	(3,117)	(5,217)	(3,914)	(5,193)	219
Net realized and unrealized gain (loss)
on investments	(3,862)	(4,427)	(3,226)	(3,977)	(265)
Net increase (decrease) in net assets
resulting from operations	$ (3,970)	$ (4,494)	$ (2,796)	$ (3,841)	$ (278)




The accompanying notes are an integral part of these financial statements.

	38

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING Multi-
	Manager	ING
	International	Oppenheimer	ING PIMCO	ING PIMCO
	Small Cap	Main Street	Core Bond	High Yield	ING Pioneer
	Portfolio -	Portfolio® -	Portfolio -	Portfolio -	Fund Portfolio -
	Class S	Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ -	$ 195	$ 699	$ 536	$ 8
Total investment income	-	195	699	536	8
Expenses:
Mortality, expense risk
and other charges	1	118	360	102	4
Annual administrative charges	-	1	3	1	-
Contingent deferred sales charges	-	4	4	2	-
Other contract charges	-	40	120	38	1
Total expenses	1	163	487	143	5
Net investment income (loss)	(1)	32	212	393	3

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(1)	(53)	242	(319)	(6)
Capital gains distributions	-	-	181	2	12
Total realized gain (loss) on investments
and capital gains distributions	(1)	(53)	423	(317)	6
Net unrealized appreciation
(depreciation) of investments	(70)	(3,512)	(227)	(1,785)	(124)
Net realized and unrealized gain (loss)
on investments	(71)	(3,565)	196	(2,102)	(118)
Net increase (decrease) in net assets
resulting from operations	$ (72)	$ (3,533)	$ 408	$ (1,709)	$ (115)




The accompanying notes are an integral part of these financial statements.

	39

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


		ING T. Rowe
	ING Pioneer	Price Capital	ING T. Rowe	ING Templeton		ING UBS U.S.
	Mid Cap Value	Appreciation	Price Equity	Global Growth		Allocation
	Portfolio -	Portfolio -	Income Portfolio	Portfolio -		Portfolio -
	Service Class	Service Class	- Service Class	Service Class		Service Class
Net investment income (loss)
Income:
Dividends	$ 119	$ 959	$ 398	$ 70		$ 17
Total investment income	119	959	398		70	17
Expenses:
Mortality, expense risk
and other charges	96	304	149		110	3
Annual administrative charges	1	3	1		1	-
Contingent deferred sales charges	1	6	2		3	-
Other contract charges	43	139	59		43	-
Total expenses	141	452	211		157	3
Net investment income (loss)	(22)	507	187		(87)	14

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(163)	(617)	(254)		(175)	(100)
Capital gains distributions	405	1,968	770		292	70
Total realized gain (loss) on investments
and capital gains distributions	242	1,351	516		117	(30)
Net unrealized appreciation
(depreciation) of investments	(3,273)	(9,342)	(4,876)		(3,559)	(18)
Net realized and unrealized gain (loss)
on investments	(3,031)	(7,991)	(4,360)		(3,442)	(48)
Net increase (decrease) in net assets
resulting from operations	$ (3,053)	$ (7,484)	$ (4,173)	$ (3,529)		$ (34)




The accompanying notes are an integral part of these financial statements.

	40

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING Van	ING Van	ING Van	ING Van
	Kampen Capital	Kampen Global	Kampen	Kampen Large		ING Van
	Growth	Franchise	Growth and	Cap Growth		Kampen Real
	Portfolio -	Portfolio -	Income Portfolio	Portfolio -		Estate Portfolio
	Service Class	Service Class	- Service Class	Service Class		- Service Class
Net investment income (loss)
Income:
Dividends	$ -	$ 98	$ 92	$ 2		$ 64
Total investment income	-	98	92		2	64
Expenses:
Mortality, expense risk
and other charges	9	78	33		3	84
Annual administrative charges	-	1	1		-	1
Contingent deferred sales charges	-	1	-		-	2
Other contract charges	3	30	9		-	37
Total expenses	12	110	43		3	124
Net investment income (loss)	(12)	(12)	49		(1)	(60)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(11)	(550)	27		(30)	(632)
Capital gains distributions	23	386	200		21	966
Total realized gain (loss) on investments
and capital gains distributions	12	(164)	227		(9)	334
Net unrealized appreciation
(depreciation) of investments	(489)	(1,463)	(1,156)		(24)	(2,637)
Net realized and unrealized gain (loss)
on investments	(477)	(1,627)	(929)		(33)	(2,303)
Net increase (decrease) in net assets
resulting from operations	$ (489)	$ (1,639)	$ (880)	$ (34)		$ (2,363)




The accompanying notes are an integral part of these financial statements.

	41

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING VP Index		ING Wells	ING Wells	ING American	ING American
	Plus		Fargo	Fargo Small	Century Large	Century Small-
	International		Disciplined	Cap Disciplined	Company Value	Mid Cap Value
	Equity Portfolio	Value Portfolio -		Portfolio -	Portfolio -	Portfolio -
	- Service Class		Service Class	Service Class	Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 146	$ 47		$ 3	$ 34	$ 1
Total investment income	146		47	3	34	1
Expenses:
Mortality, expense risk
and other charges	30		18	4	2	1
Annual administrative charges	-		-	-	-	-
Contingent deferred sales charges	-		-	-	-	-
Other contract charges	16		6	2	1	1
Total expenses	46		24	6	3	2
Net investment income (loss)	100		23	(3)	31	(1)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(51)		(164)	(15)	(2)	-
Capital gains distributions	691		-	42	95	20
Total realized gain (loss) on investments
and capital gains distributions	640		(164)	27	93	20
Net unrealized appreciation
(depreciation) of investments	(2,057)		(66)	(142)	(211)	(56)
Net realized and unrealized gain (loss)
on investments	(1,417)		(230)	(115)	(118)	(36)
Net increase (decrease) in net assets
resulting from operations	$ (1,317)	$ (207)		$ (118)	$ (87)	$ (37)




The accompanying notes are an integral part of these financial statements.

	42

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING Baron	ING Columbia
	Small Cap	Small Cap	ING Davis New	ING JPMorgan		ING JPMorgan
	Growth	Value II	York Venture	International		Mid Cap Value
	Portfolio -	Portfolio -	Portfolio -	Portfolio -		Portfolio -
	Service Class	Service Class	Service Class	Service Class		Service Class
Net investment income (loss)
Income:
Dividends	$ -	$ 3	$ 58	$ 160		$ 30
Total investment income	-	3	58		160	30
Expenses:
Mortality, expense risk
and other charges	99	46	116		25	15
Annual administrative charges	-	-	1		-	-
Contingent deferred sales charges	1	-	-		-	-
Other contract charges	47	21	49		7	3
Total expenses	147	67	166		32	18
Net investment income (loss)	(147)	(64)	(108)		128	12

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(36)	(13)	(35)		(3,079)	(27)
Capital gains distributions	231	29	84		3,006	112
Total realized gain (loss) on investments
and capital gains distributions	195	16	49		(73)	85
Net unrealized appreciation
(depreciation) of investments	(3,662)	(1,255)	(3,593)		(215)	(583)
Net realized and unrealized gain (loss)
on investments	(3,467)	(1,239)	(3,544)		(288)	(498)
Net increase (decrease) in net assets
resulting from operations	$ (3,614)	$ (1,303)	$ (3,652)	$ (160)		$ (486)




The accompanying notes are an integral part of these financial statements.

	43

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING Legg
	Mason Partners	ING Neuberger	ING Neuberger
	Aggressive	Berman	Berman	ING OpCap		ING
	Growth	Partners	Regency	Balanced Value		Oppenheimer
	Portfolio -	Portfolio -	Portfolio -	Portfolio -		Global Portfolio
	Service Class	Service Class	Service Class	Service Class		- Initial Class
Net investment income (loss)
Income:
Dividends	$ -	$ -	$ -	$ -		$ 5
Total investment income	-	-	-		-	5
Expenses:
Mortality, expense risk
and other charges	27	10	1		-	3
Annual administrative charges	-	-	-		-	-
Contingent deferred sales charges	-	-	-		-	-
Other contract charges	10	3	1		-	-
Total expenses	37	13	2		-	3
Net investment income (loss)	(37)	(13)	(2)		-	2

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(4)	(11)	(18)		(4)	-
Capital gains distributions	-	-	-		1	17
Total realized gain (loss) on investments
and capital gains distributions	(4)	(11)	(18)		(3)	17
Net unrealized appreciation
(depreciation) of investments	(753)	(402)	15		-	(127)
Net realized and unrealized gain (loss)
on investments	(757)	(413)	(3)		(3)	(110)
Net increase (decrease) in net assets
resulting from operations	$ (794)	$ (426)	$ (5)	$ (3)		$ (108)




The accompanying notes are an integral part of these financial statements.

	44

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


			ING
	ING	Oppenheimer		ING PIMCO
	Oppenheimer		Strategic	Total Return	ING Solution		ING Solution
	Global Portfolio	Income Portfolio		Portfolio -	2015 Portfolio -		2025 Portfolio -
	- Service Class	- Service Class		Service Class	Service Class		Service Class
Net investment income (loss)
Income:
Dividends	$ 206	$ 1		$ 2	$ -		$ 9
Total investment income	206		1	2		-	9
Expenses:
Mortality, expense risk
and other charges	142		-	-		-	4
Annual administrative charges	1		-	-		-	-
Contingent deferred sales charges	6		-	-		-	-
Other contract charges	54		-	-		-	1
Total expenses	203		-	-		-	5
Net investment income (loss)	3		1	2		-	4

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(110)		-	-		-	(1)
Capital gains distributions	786		-	1		-	20
Total realized gain (loss) on investments
and capital gains distributions	676		-	1		-	19
Net unrealized appreciation
(depreciation) of investments	(5,403)		(15)	(3)		(2)	(227)
Net realized and unrealized gain (loss)
on investments	(4,727)		(15)	(2)		(2)	(208)
Net increase (decrease) in net assets
resulting from operations	$ (4,724)	$ (14)		$ -	$ (2)		$ (204)




The accompanying notes are an integral part of these financial statements.

	45

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


				ING T. Rowe
				Price Diversified
				Mid Cap	ING T. Rowe
	ING Solution	ING Solution	ING Solution	Growth	Price Growth
	2035 Portfolio -	2045 Portfolio -	Income Portfolio	Portfolio -	Equity Portfolio
	Service Class	Service Class	- Service Class	Service Class	- Service Class
Net investment income (loss)
Income:
Dividends	$ 1	$ -	$ 1	$ -	$ 11
Total investment income	1	-	1	-	11
Expenses:
Mortality, expense risk
and other charges	1	-	-	3	10
Annual administrative charges	-	-	-	-	-
Contingent deferred sales charges	-	-	-	-	-
Other contract charges	-	-	-	1	5
Total expenses	1	-	-	4	15
Net investment income (loss)	-	-	1	(4)	(4)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	-	-	-	(1)	(48)
Capital gains distributions	3	1	1	61	73
Total realized gain (loss) on investments
and capital gains distributions	3	1	1	60	25
Net unrealized appreciation
(depreciation) of investments	(43)	(9)	(8)	(273)	(532)
Net realized and unrealized gain (loss)
on investments	(40)	(8)	(7)	(213)	(507)
Net increase (decrease) in net assets
resulting from operations	$ (40)	$ (8)	$ (6)	$ (217)	$ (511)




The accompanying notes are an integral part of these financial statements.

	46

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


						ING UBS U.S.
	ING Templeton				ING UBS U.S.	Small Cap
	Foreign Equity	ING Thornburg		ING Thornburg	Large Cap	Growth
	Portfolio -	Value Portfolio -		Value Portfolio -	Equity Portfolio	Portfolio -
	Service Class		Initial Class	Service Class	- Service Class	Service Class
Net investment income (loss)
Income:
Dividends	$ 174	$ -		$ -	$ 13	$ -
Total investment income	174		-	-	13		-
Expenses:
Mortality, expense risk
and other charges	110		-	-	9		-
Annual administrative charges	1		-	-	-		-
Contingent deferred sales charges	3		-	-	-		-
Other contract charges	33		-	-	4		-
Total expenses	147		-	-	13		-
Net investment income (loss)	27		-	-	-		-

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(430)		-	-	1		(5)
Capital gains distributions	-		-	-	-		-
Total realized gain (loss) on investments
and capital gains distributions	(430)		-	-	1		(5)
Net unrealized appreciation
(depreciation) of investments	(3,838)		(1)	(17)	(336)		1
Net realized and unrealized gain (loss)
on investments	(4,268)		(1)	(17)	(335)		(4)
Net increase (decrease) in net assets
resulting from operations	$ (4,241)	$ (1)		$ (17)	$ (335)	$ (4)




The accompanying notes are an integral part of these financial statements.

	47

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


			ING VP	ING VP
	ING Van	ING Van	Strategic	Strategic
	Kampen	Kampen Equity	Allocation	Allocation		ING VP Growth
	Comstock	and Income	Growth	Moderate		and Income
	Portfolio -	Portfolio -	Portfolio -	Portfolio -		Portfolio -
	Service Class	Service Class	Class S	Class S		Class I
Net investment income (loss)
Income:
Dividends	$ 178	$ 121	$ -	$ -		$ 23
Total investment income	178	121	-		-	23
Expenses:
Mortality, expense risk
and other charges	72	31	-		-	22
Annual administrative charges	1	-	-		-	2
Contingent deferred sales charges	3	-	-		-	-
Other contract charges	25	8	-		-	-
Total expenses	101	39	-		-	24
Net investment income (loss)	77	82	-		-	(1)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(163)	(118)	-		-	(40)
Capital gains distributions	278	130	2		2	-
Total realized gain (loss) on investments
and capital gains distributions	115	12	2		2	(40)
Net unrealized appreciation
(depreciation) of investments	(2,200)	(692)	(24)		(10)	(693)
Net realized and unrealized gain (loss)
on investments	(2,085)	(680)	(22)		(8)	(733)
Net increase (decrease) in net assets
resulting from operations	$ (2,008)	$ (598)	$ (22)	$ (8)		$ (734)




The accompanying notes are an integral part of these financial statements.

	48

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING VP Growth
	and Income	ING GET U.S.	ING GET U.S.	ING GET U.S.		ING GET U.S.
	Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -		Core Portfolio -
	Class S	Series 1	Series 2	Series 3		Series 4
Net investment income (loss)
Income:
Dividends	$ 15	$ 111	$ 241	$ 53		$ 82
Total investment income	15	111	241		53	82
Expenses:
Mortality, expense risk
and other charges	4	41	94		52	57
Annual administrative charges	-	-	1		1	1
Contingent deferred sales charges	-	-	3		3	1
Other contract charges	1	-	-		-	-
Total expenses	5	41	98		56	59
Net investment income (loss)	10	70	143		(3)	23

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(22)	(395)	(666)		2	(29)
Capital gains distributions	-	274	346		123	371
Total realized gain (loss) on investments
and capital gains distributions	(22)	(121)	(320)		125	342
Net unrealized appreciation
(depreciation) of investments	(278)	(110)	(180)		(268)	(594)
Net realized and unrealized gain (loss)
on investments	(300)	(231)	(500)		(143)	(252)
Net increase (decrease) in net assets
resulting from operations	$ (290)	$ (161)	$ (357)	$ (146)		$ (229)




The accompanying notes are an integral part of these financial statements.

	49

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.		ING GET U.S.
	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -		Core Portfolio -
	Series 5	Series 6	Series 7	Series 8		Series 9
Net investment income (loss)
Income:
Dividends	$ 51	$ 28	$ 59	$ 12		$ 5
Total investment income	51	28	59		12	5
Expenses:
Mortality, expense risk
and other charges	67	32	62		13	5
Annual administrative charges	1	-	-		-	-
Contingent deferred sales charges	-	4	-		5	-
Other contract charges	-	-	-		-	-
Total expenses	68	36	62		18	5
Net investment income (loss)	(17)	(8)	(3)		(6)	-

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(44)	(12)	(62)		(62)	(1)
Capital gains distributions	594	238	570		115	49
Total realized gain (loss) on investments
and capital gains distributions	550	226	508		53	48
Net unrealized appreciation
(depreciation) of investments	(868)	(350)	(726)		(112)	(67)
Net realized and unrealized gain (loss)
on investments	(318)	(124)	(218)		(59)	(19)
Net increase (decrease) in net assets
resulting from operations	$ (335)	$ (132)	$ (221)	$ (65)		$ (19)




The accompanying notes are an integral part of these financial statements.

	50

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.		ING GET U.S.
	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -		Core Portfolio -
	Series 10	Series 11	Series 12	Series 13		Series 14
Net investment income (loss)
Income:
Dividends	$ 24	$ 6	$ 1	$ 8		$ 181
Total investment income	24	6	1		8	181
Expenses:
Mortality, expense risk
and other charges	18	5	1		15	226
Annual administrative charges	-	-	-		-	2
Contingent deferred sales charges	-	-	-		-	1
Other contract charges	-	-	-		-	-
Total expenses	18	5	1		15	229
Net investment income (loss)	6	1	-		(7)	(48)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(4)	(1)	-		11	15
Capital gains distributions	171	46	13		24	52
Total realized gain (loss) on investments
and capital gains distributions	167	45	13		35	67
Net unrealized appreciation
(depreciation) of investments	(230)	(50)	(18)		(20)	25
Net realized and unrealized gain (loss)
on investments	(63)	(5)	(5)		15	92
Net increase (decrease) in net assets
resulting from operations	$ (57)	$ (4)	$ (5)	$ 8		$ 44




The accompanying notes are an integral part of these financial statements.

	51

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


				ING Lehman	ING
		ING BlackRock		Brothers U.S.	Opportunistic
		Global Science	ING	Aggregate Bond	Large Cap
	ING VP Global and Technology		International	Index®	Growth
	Equity Dividend	Portfolio -	Index Portfolio -	Portfolio -	Portfolio -
	Portfolio	Class S	Class S	Class S	Class S
Net investment income (loss)
Income:
Dividends	$ 4	$ -	$ 10	$ 31	$ -
Total investment income	4	-	10	31		-
Expenses:
Mortality, expense risk
and other charges	1	23	3	12		-
Annual administrative charges	-	-	-	-		-
Contingent deferred sales charges	-	-	-	-		-
Other contract charges	-	9	-	5		-
Total expenses	1	32	3	17		-
Net investment income (loss)	3	(32)	7	14		-

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(37)	(26)	(18)	2		-
Capital gains distributions	43	-	-	4		-
Total realized gain (loss) on investments
and capital gains distributions	6	(26)	(18)	6		-
Net unrealized appreciation
(depreciation) of investments	(21)	(898)	(177)	45		(10)
Net realized and unrealized gain (loss)
on investments	(15)	(924)	(195)	51		(10)
Net increase (decrease) in net assets
resulting from operations	$ (12)	$ (956)	$ (188)	$ 65	$ (10)




The accompanying notes are an integral part of these financial statements.

	52

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ING
	Opportunistic	ING Russell™		ING Russell™	ING Russell™	ING VP Index
	Large Cap		Large Cap	Mid Cap Index	Small Cap Index	Plus LargeCap
	Value Portfolio -	Index Portfolio -		Portfolio -	Portfolio -	Portfolio -
	Class S		Class S	Class S	Class S	Class S
Net investment income (loss)
Income:
Dividends	$ 2	$ 6		$ 6	$ 7	$ 82
Total investment income	2		6	6	7	82
Expenses:
Mortality, expense risk
and other charges	2		4	3	6	67
Annual administrative charges	-		-	-	-	1
Contingent deferred sales charges	-		-	-	-	1
Other contract charges	-		2	1	2	29
Total expenses	2		6	4	8	98
Net investment income (loss)	-		-	2	(1)	(16)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	-		(9)	(4)	(4)	(2)
Capital gains distributions	20		-	-	-	317
Total realized gain (loss) on investments
and capital gains distributions	20		(9)	(4)	(4)	315
Net unrealized appreciation
(depreciation) of investments	(83)		(213)	(194)	(295)	(2,384)
Net realized and unrealized gain (loss)
on investments	(63)		(222)	(198)	(299)	(2,069)
Net increase (decrease) in net assets
resulting from operations	$ (63)	$ (222)		$ (196)	$ (300)	$ (2,085)




The accompanying notes are an integral part of these financial statements.

	53

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


				ING
				WisdomTree^SM	ING VP
	ING VP Index	ING VP Index	ING VP Small	Global High-	Financial
	Plus MidCap	Plus SmallCap	Company	Yielding Equity	Services
	Portfolio -	Portfolio -	Portfolio -	Index Portfolio -	Portfolio -
	Class S	Class S	Class S	Class S	Class S
Net investment income (loss)
Income:
Dividends	$ 70	$ 35	$ 1	$ 111	$ 20
Total investment income	70	35	1	111	20
Expenses:
Mortality, expense risk
and other charges	102	92	7	45	16
Annual administrative charges	1	1	-	-	-
Contingent deferred sales charges	4	1	-	1	1
Other contract charges	44	40	3	14	7
Total expenses	151	134	10	60	24
Net investment income (loss)	(81)	(99)	(9)	51	(4)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(171)	(228)	(25)	(104)	(577)
Capital gains distributions	835	371	19	-	86
Total realized gain (loss) on investments
and capital gains distributions	664	143	(6)	(104)	(491)
Net unrealized appreciation
(depreciation) of investments	(3,610)	(2,390)	(332)	(1,567)	201
Net realized and unrealized gain (loss)
on investments	(2,946)	(2,247)	(338)	(1,671)	(290)
Net increase (decrease) in net assets
resulting from operations	$ (3,027)	$ (2,346)	$ (347)	$ (1,620)	$ (294)




The accompanying notes are an integral part of these financial statements.

	54

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


		ING VP		ING VP
	ING VP	MidCap		SmallCap		ING VP
	International	Opportunities	ING VP Real	Opportunities		Balanced
	Value Portfolio -	Portfolio -	Estate Portfolio	Portfolio -		Portfolio -
	Class S	Class S	- Class S	Class S		Class S
Net investment income (loss)
Income:
Dividends	$ 14	$ -	$ 5	$ -		$ 6
Total investment income	14	-	5		-	6
Expenses:
Mortality, expense risk
and other charges	5	28	2		9	3
Annual administrative charges	-	1	-		-	-
Contingent deferred sales charges	-	-	-		-	-
Other contract charges	2	9	1		4	-
Total expenses	7	38	3		13	3
Net investment income (loss)	7	(38)	2		(13)	3

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(3)	5	(62)		(1)	(15)
Capital gains distributions	66	-	64		97	18
Total realized gain (loss) on investments
and capital gains distributions	63	5	2		96	3
Net unrealized appreciation
(depreciation) of investments	(355)	(1,283)	-		(390)	(78)
Net realized and unrealized gain (loss)
on investments	(292)	(1,278)	2		(294)	(75)
Net increase (decrease) in net assets
resulting from operations	$ (285)	$ (1,316)	$ 4	$ (307)		$ (72)




The accompanying notes are an integral part of these financial statements.

	55

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


		Legg Mason
		Partners
		Variable	Legg Mason	Legg Mason		Legg Mason
	ING VP	International	Partners	Partners		Partners
	Intermediate	All Cap	Variable	Variable		Variable
	Bond Portfolio -	Opportunity	Investors	Lifestyle		Lifestyle
	Class S	Portfolio	Portfolio	Allocation 50%		Allocation 70%
Net investment income (loss)
Income:
Dividends	$ 895	$ 3	$ 5	$ 57		$ 15
Total investment income	895	3	5		57	15
Expenses:
Mortality, expense risk
and other charges	221	2	6		22	9
Annual administrative charges	1	-	-		1	1
Contingent deferred sales charges	3	-	-		-	-
Other contract charges	87	-	-		-	-
Total expenses	312	2	6		23	10
Net investment income (loss)	583	1	(1)		34	5

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(649)	(50)	(30)		(12)	(54)
Capital gains distributions	384	-	11		56	1
Total realized gain (loss) on investments
and capital gains distributions	(265)	(50)	(19)		44	(53)
Net unrealized appreciation
(depreciation) of investments	(2,263)	(39)	(159)		(586)	(208)
Net realized and unrealized gain (loss)
on investments	(2,528)	(89)	(178)		(542)	(261)
Net increase (decrease) in net assets
resulting from operations	$ (1,945)	$ (88)	$ (179)	$ (508)		$ (256)




The accompanying notes are an integral part of these financial statements.

	56

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	Legg Mason		Legg Mason	Oppenheimer
	Partners	Legg Mason	Partners	Main Street		PIMCO Real
	Variable	Partners	Variable Money	Small Cap		Return Portfolio
	Lifestyle	Variable High	Market	Fund®/VA -		- Administrative
	Allocation 85% Income Portfolio		Portfolio	Service Class		Class
Net investment income (loss)
Income:
Dividends	$ 5	$ 18	$ 3	$ -		$ 2
Total investment income	5	18	3		-	2
Expenses:
Mortality, expense risk
and other charges	4	2	2		1	1
Annual administrative charges	1	-	-		-	-
Contingent deferred sales charges	-	-	-		-	-
Other contract charges	-	-	-		-	-
Total expenses	5	2	2		1	1
Net investment income (loss)	-	16	1		(1)	1

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(19)	(3)	-		-	-
Capital gains distributions	2	-	-		4	-
Total realized gain (loss) on investments
and capital gains distributions	(17)	(3)	-		4	-
Net unrealized appreciation
(depreciation) of investments	(133)	(65)	-		(39)	(16)
Net realized and unrealized gain (loss)
on investments	(150)	(68)	-		(35)	(16)
Net increase (decrease) in net assets
resulting from operations	$ (150)	$ (52)	$ 1	$ (36)		$ (15)




The accompanying notes are an integral part of these financial statements.

	57

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	Pioneer Equity	Pioneer Small
	Income VCT	Cap Value VCT			ProFund VP
	Portfolio -	Portfolio -	ProFund VP	ProFund VP	Rising Rates
	Class II	Class II	Bull	Europe 30	Opportunity
Net investment income (loss)
Income:
Dividends	$ 18	$ - $	- $	2	$ 15
Total investment income	18	-	-	2	15
Expenses:
Mortality, expense risk
and other charges	6	2	2	2	5
Annual administrative charges	-	-	-	-	-
Contingent deferred sales charges	-	-	-	-	-
Other contract charges	2	-	-	-	1
Total expenses	8	2	2	2	6
Net investment income (loss)	10	(2)	(2)	-	9

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(2)	(21)	-	(1)	(12)
Capital gains distributions	22	21	1	15	-
Total realized gain (loss) on investments
and capital gains distributions	20	-	1	14	(12)
Net unrealized appreciation
(depreciation) of investments	(332)	(58)	(38)	(69)	(113)
Net realized and unrealized gain (loss)
on investments	(312)	(58)	(37)	(55)	(125)
Net increase (decrease) in net assets
resulting from operations	$ (302)	$ (60) $	(39) $	(55)	$ (116)




The accompanying notes are an integral part of these financial statements.

	58

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT NY-B

Statements of Operations

For the year ended December 31, 2008

(Dollars in thousands)


	ProFund VP
	Small-Cap
Net investment income (loss)
Income:
Dividends	$ 1
Total investment income	1
Expenses:
Mortality, expense risk
and other charges	3
Annual administrative charges	-
Contingent deferred sales charges	-
Other contract charges	1
Total expenses	4
Net investment income (loss)	(3)

Realized and unrealized gain (loss)
on investments
Net realized gain (loss) on investments	(89)
Capital gains distributions	30
Total realized gain (loss) on investments
and capital gains distributions	(59)
Net unrealized appreciation
(depreciation) of investments	39
Net realized and unrealized gain (loss)
on investments	(20)
Net increase (decrease) in net assets
resulting from operations	$ (23)

The accompanying notes are an integral part of these financial statements.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


		BlackRock	Columbia Small	Fidelity® VIP
	AIM V.I.	Global	Cap Value	Equity-Income
	Leisure Fund -	Allocation V.I.	Fund, Variable	Portfolio -
	Series I Shares	Fund - Class III	Series - Class B	Service Class 2
Net assets at January 1, 2007	$ 386	$ -	$ 1,397	$ 5,024

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(2)	-	(26)	(12)
Total realized gain (loss) on investments
and capital gains distributions	32	-	160	742
Net unrealized appreciation (depreciation)
of investments	(36)	-	(197)	(781)
Net increase (decrease) in net assets from operations	(6)	-	(63)	(51)
Changes from principal transactions:
Premiums	-	-	-	1,785
Death benefits	-	-	-	(123)
Surrenders and withdrawals	(85)	-	5	(174)
Transfers between Divisions
(including fixed account), net	-	-	-	11
Increase (decrease) in net assets derived from
principal transactions	(85)	-	5	1,499
Total increase (decrease) in net assets	(91)	-	(58)	1,448
Net assets at December 31, 2007	295	-	1,339	6,472

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(3)	112	(22)	26
Total realized gain (loss) on investments
and capital gains distributions	26	(3)	93	(145)
Net unrealized appreciation (depreciation)
of investments	(137)	(752)	(460)	(3,082)
Net increase (decrease) in net assets from operations	(114)	(643)	(389)	(3,201)
Changes from principal transactions:
Premiums	2	4,346	-	1,430
Death benefits	-	-	(2)	(5)
Surrenders and withdrawals	(48)	1,874	(116)	(332)
Transfers between Divisions
(including fixed account), net	-	193	-	4
Increase (decrease) in net assets derived from
principal transactions	(46)	6,413	(118)	1,097
Total increase (decrease) in net assets	(160)	5,770	(507)	(2,104)
Net assets at December 31, 2008	$ 135	$ 5,770	$ 832	$ 4,368

The accompanying notes are an integral part of these financial statements.

60

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


			ING
	Fidelity® VIP	Franklin Small	AllianceBernstein	ING American
	Contrafund®	Cap Value	Mid Cap Growth	Funds Asset
	Portfolio -	Securities Fund	Portfolio - Service	Allocation
	Service Class 2	- Class 2	Class	Portfolio
Net assets at January 1, 2007	$ 12,705	$ -	$ 2,388	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(173)	-	(54)	-
Total realized gain (loss) on investments
and capital gains distributions	5,256	-	244	-
Net unrealized appreciation (depreciation)
of investments	(2,899)	-	9	-
Net increase (decrease) in net assets from operations	2,184	-	199	-
Changes from principal transactions:
Premiums	6,080	-	1,097	-
Death benefits	(3)	-	7	-
Surrenders and withdrawals	(1,041)	-	(319)	-
Transfers between Divisions
(including fixed account), net	50	-	21	-
Increase (decrease) in net assets derived from
principal transactions	5,086	-	806	-
Total increase (decrease) in net assets	7,270	-	1,005	-
Net assets at December 31, 2007	19,975	-	3,393	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(226)	(2)	(67)	(13)
Total realized gain (loss) on investments
and capital gains distributions	48	10	316	(7)
Net unrealized appreciation (depreciation)
of investments	(12,838)	(169)	(2,139)	(297)
Net increase (decrease) in net assets from operations	(13,016)	(161)	(1,890)	(317)
Changes from principal transactions:
Premiums	14,613	668	1,076	2,068
Death benefits	(130)	-	(3)	-
Surrenders and withdrawals	(384)	52	33	123
Transfers between Divisions
(including fixed account), net	63	-	11	-
Increase (decrease) in net assets derived from
principal transactions	14,162	720	1,117	2,191
Total increase (decrease) in net assets	1,146	559	(773)	1,874
Net assets at December 31, 2008	$ 21,121	$ 559	$ 2,620	$ 1,874

The accompanying notes are an integral part of these financial statements.

61

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


			ING American	ING American
	ING American	ING American	Funds Growth-	Funds
	Funds Bond	Funds Growth	Income	International
	Portfolio	Portfolio	Portfolio	Portfolio
Net assets at January 1, 2007	$ -	$ 25,908	$ 19,830	$ 12,769

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	(641)	(282)	(233)
Total realized gain (loss) on investments
and capital gains distributions	-	1,030	1,054	691
Net unrealized appreciation (depreciation)
of investments	-	2,202	(404)	2,294
Net increase (decrease) in net assets from operations	-	2,591	368	2,752
Changes from principal transactions:
Premiums	-	15,291	8,998	9,165
Death benefits	-	(28)	(68)	(24)
Surrenders and withdrawals	-	(1,281)	(2,257)	443
Transfers between Divisions
(including fixed account), net	-	132	153	36
Increase (decrease) in net assets derived from
principal transactions	-	14,114	6,826	9,620
Total increase (decrease) in net assets	-	16,705	7,194	12,372
Net assets at December 31, 2007	-	42,613	27,024	25,141

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(108)	(641)	(215)	(102)
Total realized gain (loss) on investments
and capital gains distributions	(93)	3,074	945	1,627
Net unrealized appreciation (depreciation)
of investments	(607)	(27,123)	(13,665)	(15,875)
Net increase (decrease) in net assets from operations	(808)	(24,690)	(12,935)	(14,350)
Changes from principal transactions:
Premiums	8,264	15,890	9,375	12,314
Death benefits	(35)	(116)	(251)	(213)
Surrenders and withdrawals	3,139	661	(1,399)	(2,497)
Transfers between Divisions
(including fixed account), net	28	138	87	106
Increase (decrease) in net assets derived from
principal transactions	11,396	16,573	7,812	9,710
Total increase (decrease) in net assets	10,588	(8,117)	(5,123)	(4,640)
Net assets at December 31, 2008	$ 10,588	$ 34,496	$ 21,901	$ 20,501

The accompanying notes are an integral part of these financial statements.

62

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING BlackRock		ING Capital
	Large Cap	ING BlackRock	Guardian U.S.	ING
	Growth	Large Cap	Equities	EquitiesPlus
	Portfolio -	Value Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 522	$ 410	$ 832	$ 165

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(16)	(11)	(13)		3
Total realized gain (loss) on investments
and capital gains distributions	24	27	114		13
Net unrealized appreciation (depreciation)
of investments	2	(6)	(144)		(15)
Net increase (decrease) in net assets from operations	10	10	(43)		1
Changes from principal transactions:
Premiums	705	232	386		79
Death benefits	(17)	-	-		-
Surrenders and withdrawals	(30)	-	55		(51)
Transfers between Divisions
(including fixed account), net	3	2	3		-
Increase (decrease) in net assets derived from
principal transactions	661	234	444		28
Total increase (decrease) in net assets	671	244	401		29
Net assets at December 31, 2007	1,193	654	1,233		194

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(37)	(10)	2		13
Total realized gain (loss) on investments
and capital gains distributions	145	21	(250)		(42)
Net unrealized appreciation (depreciation)
of investments	(1,017)	(246)	70		3
Net increase (decrease) in net assets from operations	(909)	(235)	(178)		(26)
Changes from principal transactions:
Premiums	1,205	-	53		-
Death benefits	-	(2)	-		-
Surrenders and withdrawals	173	(28)	(1,109)		(168)
Transfers between Divisions
(including fixed account), net	18	-	1		-
Increase (decrease) in net assets derived from
principal transactions	1,396	(30)	(1,055)		(168)
Total increase (decrease) in net assets	487	(265)	(1,233)		(194)
Net assets at December 31, 2008	$ 1,680	$ 389	$ -	$ -

The accompanying notes are an integral part of these financial statements.

63

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING Evergreen		ING FMR^SM
	Health Sciences	ING Evergreen	Diversified Mid	ING Focus 5
	Portfolio -	Omega Portfolio	Cap Portfolio -	Portfolio -
	Service Class	- Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 2,896	$ 82	$ 5,132	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(58)	(2)	(151)	1
Total realized gain (loss) on investments
and capital gains distributions	194	12	409	2
Net unrealized appreciation (depreciation)
of investments	64	(1)	553	1
Net increase (decrease) in net assets from operations	200	9	811	4
Changes from principal transactions:
Premiums	1,025	78	2,605	475
Death benefits	8	7	(12)	-
Surrenders and withdrawals	(317)	(19)	242	(20)
Transfers between Divisions
(including fixed account), net	7	-	62	-
Increase (decrease) in net assets derived from
principal transactions	723	66	2,897	455
Total increase (decrease) in net assets	923	75	3,708	459
Net assets at December 31, 2007	3,819	157	8,840	459

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(81)	(4)	(116)	2
Total realized gain (loss) on investments
and capital gains distributions	215	25	488	(43)
Net unrealized appreciation (depreciation)
of investments	(1,550)	(94)	(4,554)	(713)
Net increase (decrease) in net assets from operations	(1,416)	(73)	(4,182)	(754)
Changes from principal transactions:
Premiums	1,354	143	2,043	1,567
Death benefits	(25)	(12)	(5)	(11)
Surrenders and withdrawals	480	(16)	(239)	14
Transfers between Divisions
(including fixed account), net	42	-	42	-
Increase (decrease) in net assets derived from
principal transactions	1,851	115	1,841	1,570
Total increase (decrease) in net assets	435	42	(2,341)	816
Net assets at December 31, 2008	$ 4,254	$ 199	$ 6,499	$ 1,275

The accompanying notes are an integral part of these financial statements.

64

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


			ING Franklin
			Templeton
	ING Franklin	ING Franklin	Founding	ING Global
	Income	Mutual Shares	Strategy	Real Estate
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 2,809	$ -	$ -	$ 2,017

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(64)	(33)	(31)	30
Total realized gain (loss) on investments
and capital gains distributions	153	(2)	(1)	294
Net unrealized appreciation (depreciation)
of investments	(250)	2	(86)	(669)
Net increase (decrease) in net assets from operations	(161)	(33)	(118)	(345)
Changes from principal transactions:
Premiums	6,295	1,893	4,640	2,244
Death benefits	-	-	-	-
Surrenders and withdrawals	436	2,764	1,131	(360)
Transfers between Divisions
(including fixed account), net	151	31	68	-
Increase (decrease) in net assets derived from
principal transactions	6,882	4,688	5,839	1,884
Total increase (decrease) in net assets	6,721	4,655	5,721	1,539
Net assets at December 31, 2007	9,530	4,655	5,721	3,556

Increase (decrease) in net assets
Operations:
Net investment income (loss)	90	98	(197)	(97)
Total realized gain (loss) on investments
and capital gains distributions	(89)	(183)	(237)	(136)
Net unrealized appreciation (depreciation)
of investments	(3,822)	(2,412)	(4,153)	(2,224)
Net increase (decrease) in net assets from operations	(3,821)	(2,497)	(4,587)	(2,457)
Changes from principal transactions:
Premiums	4,209	2,155	8,806	2,500
Death benefits	(228)	(36)	(19)	(34)
Surrenders and withdrawals	(649)	459	(118)	701
Transfers between Divisions
(including fixed account), net	39	48	203	31
Increase (decrease) in net assets derived from
principal transactions	3,371	2,626	8,872	3,198
Total increase (decrease) in net assets	(450)	129	4,285	741
Net assets at December 31, 2008	$ 9,080	$ 4,784	$ 10,006	$ 4,297

The accompanying notes are an integral part of these financial statements.

65

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


			ING
			International
	ING Global	ING Global	Growth		ING Janus
	Resources	Technology	Opportunities		Contrarian
	Portfolio -	Portfolio -	Portfolio -		Portfolio -
	Service Class	Service Class	Service Class		Service Class
Net assets at January 1, 2007	$ 3,098	$ 161	$ 268		$ 756

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(97)	(9)		(1)	(81)
Total realized gain (loss) on investments
and capital gains distributions	543	14		54	207
Net unrealized appreciation (depreciation)
of investments	840	11		(8)	271
Net increase (decrease) in net assets from operations	1,286	16		45	397
Changes from principal transactions:
Premiums	2,855	746		-	2,703
Death benefits	-	38		-	(7)
Surrenders and withdrawals	240	128		(1)	3,644
Transfers between Divisions
(including fixed account), net	15	-		-	3
Increase (decrease) in net assets derived from
principal transactions	3,110	912		(1)	6,343
Total increase (decrease) in net assets	4,396	928		44	6,740
Net assets at December 31, 2007	7,494	1,089		312	7,496

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(51)	(8)		-	(123)
Total realized gain (loss) on investments
and capital gains distributions	1,755	(38)		75	766
Net unrealized appreciation (depreciation)
of investments	(8,073)	(11)		(239)	(6,453)
Net increase (decrease) in net assets from operations	(6,369)	(57)		(164)	(5,810)
Changes from principal transactions:
Premiums	5,243	451		-	3,621
Death benefits	(21)	-		-	(144)
Surrenders and withdrawals	3,217	(1,488)		1	1,639
Transfers between Divisions
(including fixed account), net	223	5		-	189
Increase (decrease) in net assets derived from
principal transactions	8,662	(1,032)		1	5,305
Total increase (decrease) in net assets	2,293	(1,089)		(163)	(505)
Net assets at December 31, 2008	$ 9,787	$ -	$ 149		$ 6,991

The accompanying notes are an integral part of these financial statements.

66

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING JPMorgan		ING JPMorgan
	Emerging	ING JPMorgan	Value	ING Julius Baer
	Markets Equity	Small Cap Core	Opportunities	Foreign
	Portfolio -	Equity Portfolio	Portfolio -	Portfolio -
	Service Class	- Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 5,655	$ 5,978	$ 1,677	$ 6,379

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(107)	(140)	(12)	(217)
Total realized gain (loss) on investments
and capital gains distributions	499	568	192	987
Net unrealized appreciation (depreciation)
of investments	2,474	(688)	(236)	504
Net increase (decrease) in net assets from operations	2,866	(260)	(56)	1,274
Changes from principal transactions:
Premiums	5,488	2,154	373	4,190
Death benefits	(23)	(9)	(33)	9
Surrenders and withdrawals	46	(1,475)	(222)	3,294
Transfers between Divisions
(including fixed account), net	16	7	-	39
Increase (decrease) in net assets derived from
principal transactions	5,527	677	118	7,532
Total increase (decrease) in net assets	8,393	417	62	8,806
Net assets at December 31, 2007	14,048	6,395	1,739	15,185

Increase (decrease) in net assets
Operations:
Net investment income (loss)	28	(103)	18	(354)
Total realized gain (loss) on investments
and capital gains distributions	1,019	302	130	1,520
Net unrealized appreciation (depreciation)
of investments	(10,767)	(2,068)	(891)	(10,053)
Net increase (decrease) in net assets from operations	(9,720)	(1,869)	(743)	(8,887)
Changes from principal transactions:
Premiums	6,258	435	214	5,212
Death benefits	(40)	(8)	(15)	(29)
Surrenders and withdrawals	717	(1,189)	(135)	300
Transfers between Divisions
(including fixed account), net	13	6	-	2
Increase (decrease) in net assets derived from
principal transactions	6,948	(756)	64	5,485
Total increase (decrease) in net assets	(2,772)	(2,625)	(679)	(3,402)
Net assets at December 31, 2008	$ 11,276	$ 3,770	$ 1,060	$ 11,783

The accompanying notes are an integral part of these financial statements.

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


		ING LifeStyle		ING LifeStyle
	ING Legg	Aggressive	ING LifeStyle	Moderate
	Mason Value	Growth	Growth	Growth
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 6,449	$ 17,434	$ 34,973	$ 37,755

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(148)	(349)	(588)	(419)
Total realized gain (loss) on investments
and capital gains distributions	188	1,437	1,616	1,471
Net unrealized appreciation (depreciation)
of investments	(659)	(1,203)	(882)	(197)
Net increase (decrease) in net assets from operations	(619)	(115)	146	855
Changes from principal transactions:
Premiums	1,666	12,995	25,048	22,259
Death benefits	(7)	-	-	-
Surrenders and withdrawals	(276)	(2,427)	(990)	(760)
Transfers between Divisions
(including fixed account), net	7	97	146	440
Increase (decrease) in net assets derived from
principal transactions	1,390	10,665	24,204	21,939
Total increase (decrease) in net assets	771	10,550	24,350	22,794
Net assets at December 31, 2007	7,220	27,984	59,323	60,549

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(111)	(160)	(382)	(77)
Total realized gain (loss) on investments
and capital gains distributions	434	2,372	3,389	2,992
Net unrealized appreciation (depreciation)
of investments	(4,177)	(16,162)	(35,712)	(31,906)
Net increase (decrease) in net assets from operations	(3,854)	(13,950)	(32,705)	(28,991)
Changes from principal transactions:
Premiums	318	6,820	34,499	37,176
Death benefits	(17)	-	(594)	(225)
Surrenders and withdrawals	(766)	(1,520)	(1,534)	(1,948)
Transfers between Divisions
(including fixed account), net	9	60	450	723
Increase (decrease) in net assets derived from
principal transactions	(456)	5,360	32,821	35,726
Total increase (decrease) in net assets	(4,310)	(8,590)	116	6,735
Net assets at December 31, 2008	$ 2,910	$ 19,394	$ 59,439	$ 67,284

The accompanying notes are an integral part of these financial statements.

68

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


				ING Lord
	ING LifeStyle	ING Limited		Abbett
	Moderate	Maturity Bond	ING Liquid	Affiliated
	Portfolio -	Portfolio -	Assets Portfolio	Portfolio -
	Service Class	Service Class	- Service Class	Service Class
Net assets at January 1, 2007	$ 14,586	$ 754	$ 7,050	$ 459

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(141)	2	183	(1)
Total realized gain (loss) on investments
and capital gains distributions	672	(19)	-	27
Net unrealized appreciation (depreciation)
of investments	(112)	41	-	(14)
Net increase (decrease) in net assets from operations	419	24	183	12
Changes from principal transactions:
Premiums	13,885	8	18,124	48
Death benefits	(445)	-	(244)	-
Surrenders and withdrawals	(77)	(273)	745	(37)
Transfers between Divisions
(including fixed account), net	326	-	118	-
Increase (decrease) in net assets derived from
principal transactions	13,689	(265)	18,743	11
Total increase (decrease) in net assets	14,108	(241)	18,926	23
Net assets at December 31, 2007	28,694	513	25,976	482

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(97)	23	(348)	1
Total realized gain (loss) on investments
and capital gains distributions	979	(2)	-	28
Net unrealized appreciation (depreciation)
of investments	(11,587)	(28)	-	(203)
Net increase (decrease) in net assets from operations	(10,705)	(7)	(348)	(174)
Changes from principal transactions:
Premiums	17,280	-	35,796	2
Death benefits	(300)	-	(93)	(10)
Surrenders and withdrawals	348	(74)	(9,099)	(43)
Transfers between Divisions
(including fixed account), net	141	-	30	-
Increase (decrease) in net assets derived from
principal transactions	17,469	(74)	26,634	(51)
Total increase (decrease) in net assets	6,764	(81)	26,286	(225)
Net assets at December 31, 2008	$ 35,458	$ 432	$ 52,262	$ 257

The accompanying notes are an integral part of these financial statements.

69

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


		ING Marsico
	ING Marsico	International		ING MFS
	Growth	Opportunities ING MFS Total		Utilities
	Portfolio -	Portfolio -	Return Portfolio	Portfolio -
	Service Class	Service Class	- Service Class	Service Class
Net assets at January 1, 2007	$ 7,184	$ 3,417	$ 10,544	$ 3,492

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(139)	(47)	91	(67)
Total realized gain (loss) on investments
and capital gains distributions	(566)	495	790	416
Net unrealized appreciation (depreciation)
of investments	1,580	222	(683)	770
Net increase (decrease) in net assets from operations	875	670	198	1,119
Changes from principal transactions:
Premiums	1,093	1,371	2,147	2,488
Death benefits	(9)	9	(122)	-
Surrenders and withdrawals	(626)	(30)	(1,282)	(28)
Transfers between Divisions
(including fixed account), net	1	16	8	51
Increase (decrease) in net assets derived from
principal transactions	459	1,366	751	2,511
Total increase (decrease) in net assets	1,334	2,036	949	3,630
Net assets at December 31, 2007	8,518	5,453	11,493	7,122

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(108)	(67)	430	136
Total realized gain (loss) on investments
and capital gains distributions	(745)	790	688	1,216
Net unrealized appreciation (depreciation)
of investments	(3,117)	(5,217)	(3,914)	(5,193)
Net increase (decrease) in net assets from operations	(3,970)	(4,494)	(2,796)	(3,841)
Changes from principal transactions:
Premiums	1,589	2,938	2,449	3,984
Death benefits	(107)	(98)	(314)	(50)
Surrenders and withdrawals	(256)	1,470	(1,703)	(22)
Transfers between Divisions
(including fixed account), net	-	16	12	-
Increase (decrease) in net assets derived from
principal transactions	1,226	4,326	444	3,912
Total increase (decrease) in net assets	(2,744)	(168)	(2,352)	71
Net assets at December 31, 2008	$ 5,774	$ 5,285	$ 9,141	$ 7,193

The accompanying notes are an integral part of these financial statements.

70

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


		ING Multi-
		Manager	ING
	ING Mid Cap	International	Oppenheimer	ING PIMCO
	Growth	Small Cap	Main Street	Core Bond
	Portfolio -	Portfolio -	Portfolio® -	Portfolio -
	Service Class	Class S	Service Class	Service Class
Net assets at January 1, 2007	$ 3,036	$ -	$ 5,444	$ 6,525

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(55)	-	(68)	93
Total realized gain (loss) on investments
and capital gains distributions	(98)	-	(141)	(11)
Net unrealized appreciation (depreciation)
of investments	142	-	229	430
Net increase (decrease) in net assets from operations	(11)	-	20	512
Changes from principal transactions:
Premiums	79	-	2,029	3,535
Death benefits	(9)	-	(74)	-
Surrenders and withdrawals	(174)	-	738	(1,044)
Transfers between Divisions
(including fixed account), net	-	-	13	40
Increase (decrease) in net assets derived from
principal transactions	(104)	-	2,706	2,531
Total increase (decrease) in net assets	(115)	-	2,726	3,043
Net assets at December 31, 2007	2,921	-	8,170	9,568

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(13)	(1)	32	212
Total realized gain (loss) on investments
and capital gains distributions	(484)	(1)	(53)	423
Net unrealized appreciation (depreciation)
of investments	219	(70)	(3,512)	(227)
Net increase (decrease) in net assets from operations	(278)	(72)	(3,533)	408
Changes from principal transactions:
Premiums	-	159	1,431	18,190
Death benefits	(52)	-	(42)	(73)
Surrenders and withdrawals	(2,591)	39	(774)	4,140
Transfers between Divisions
(including fixed account), net	-	48	28	29
Increase (decrease) in net assets derived from
principal transactions	(2,643)	246	643	22,286
Total increase (decrease) in net assets	(2,921)	174	(2,890)	22,694
Net assets at December 31, 2008	$ -	$ 174	$ 5,280	$ 32,262

The accompanying notes are an integral part of these financial statements.

71

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


				ING T. Rowe
	ING PIMCO		ING Pioneer	Price Capital
	High Yield	ING Pioneer	Mid Cap Value	Appreciation
	Portfolio -	Fund Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 4,331	$ 130	$ 3,836	$ 10,170

Increase (decrease) in net assets
Operations:
Net investment income (loss)	237	(2)	(77)	(30)
Total realized gain (loss) on investments
and capital gains distributions	17	6	318	1,589
Net unrealized appreciation (depreciation)
of investments	(218)	(3)	(191)	(1,413)
Net increase (decrease) in net assets from operations	36	1	50	146
Changes from principal transactions:
Premiums	2,353	112	1,782	7,975
Death benefits	(40)	-	-	-
Surrenders and withdrawals	(170)	19	(150)	154
Transfers between Divisions
(including fixed account), net	11	8	45	41
Increase (decrease) in net assets derived from
principal transactions	2,154	139	1,677	8,170
Total increase (decrease) in net assets	2,190	140	1,727	8,316
Net assets at December 31, 2007	6,521	270	5,563	18,486

Increase (decrease) in net assets
Operations:
Net investment income (loss)	393	3	(22)	507
Total realized gain (loss) on investments
and capital gains distributions	(317)	6	242	1,351
Net unrealized appreciation (depreciation)
of investments	(1,785)	(124)	(3,273)	(9,342)
Net increase (decrease) in net assets from operations	(1,709)	(115)	(3,053)	(7,484)
Changes from principal transactions:
Premiums	983	45	1,637	8,209
Death benefits	(43)	-	(28)	(51)
Surrenders and withdrawals	(941)	(10)	2,130	797
Transfers between Divisions
(including fixed account), net	4	15	13	4
Increase (decrease) in net assets derived from
principal transactions	3	50	3,752	8,959
Total increase (decrease) in net assets	(1,706)	(65)	699	1,475
Net assets at December 31, 2008	$ 4,815	$ 205	$ 6,262	$ 19,961

The accompanying notes are an integral part of these financial statements.

72

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING T. Rowe			ING Van
	Price Equity	ING Templeton	ING UBS U.S.	Kampen Capital
	Income	Global Growth	Allocation	Growth
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 7,183	$ 3,771	$ 639	$ 414

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(72)	(60)	1	(8)
Total realized gain (loss) on investments
and capital gains distributions	456	401	58	24
Net unrealized appreciation (depreciation)
of investments	(405)	(448)	(58)	50
Net increase (decrease) in net assets from operations	(21)	(107)	1	66
Changes from principal transactions:
Premiums	1,713	3,701	-	25
Death benefits	(241)	-	-	(2)
Surrenders and withdrawals	1,693	1,524	(38)	(120)
Transfers between Divisions
(including fixed account), net	13	14	-	-
Increase (decrease) in net assets derived from
principal transactions	3,178	5,239	(38)	(97)
Total increase (decrease) in net assets	3,157	5,132	(37)	(31)
Net assets at December 31, 2007	10,340	8,903	602	383

Increase (decrease) in net assets
Operations:
Net investment income (loss)	187	(87)	14	(12)
Total realized gain (loss) on investments
and capital gains distributions	516	117	(30)	12
Net unrealized appreciation (depreciation)
of investments	(4,876)	(3,559)	(18)	(489)
Net increase (decrease) in net assets from operations	(4,173)	(3,529)	(34)	(489)
Changes from principal transactions:
Premiums	3,086	1,016	-	156
Death benefits	(35)	(62)	-	-
Surrenders and withdrawals	(2,029)	(1,396)	(568)	485
Transfers between Divisions
(including fixed account), net	25	11	-	-
Increase (decrease) in net assets derived from
principal transactions	1,047	(431)	(568)	641
Total increase (decrease) in net assets	(3,126)	(3,960)	(602)	152
Net assets at December 31, 2008	$ 7,214	$ 4,943	$ -	$ 535

The accompanying notes are an integral part of these financial statements.

73

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


		ING Van
	ING Van	Kampen	ING Van
	Kampen Global	Growth and	Kampen Large	ING Van
	Franchise	Income	Cap Growth	Kampen Real
	Portfolio -	Portfolio -	Portfolio -	Estate Portfolio
	Service Class	Service Class	Service Class	- Service Class
Net assets at January 1, 2007	$ 1,567	$ 2,443	$ 611	$ 4,966

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(67)	(7)	(10)	(64)
Total realized gain (loss) on investments
and capital gains distributions	103	249	8	721
Net unrealized appreciation (depreciation)
of investments	149	(226)	15	(2,311)
Net increase (decrease) in net assets from operations	185	16	13	(1,654)
Changes from principal transactions:
Premiums	2,306	516	68	3,600
Death benefits	(3)	(30)	(30)	(19)
Surrenders and withdrawals	910	(367)	(28)	(482)
Transfers between Divisions
(including fixed account), net	35	5	-	4
Increase (decrease) in net assets derived from
principal transactions	3,248	124	10	3,103
Total increase (decrease) in net assets	3,433	140	23	1,449
Net assets at December 31, 2007	5,000	2,583	634	6,415

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(12)	49	(1)	(60)
Total realized gain (loss) on investments
and capital gains distributions	(164)	227	(9)	334
Net unrealized appreciation (depreciation)
of investments	(1,463)	(1,156)	(24)	(2,637)
Net increase (decrease) in net assets from operations	(1,639)	(880)	(34)	(2,363)
Changes from principal transactions:
Premiums	1,131	385	18	225
Death benefits	(19)	-	-	(36)
Surrenders and withdrawals	(1,371)	(214)	(618)	(852)
Transfers between Divisions
(including fixed account), net	-	-	-	3
Increase (decrease) in net assets derived from
principal transactions	(259)	171	(600)	(660)
Total increase (decrease) in net assets	(1,898)	(709)	(634)	(3,023)
Net assets at December 31, 2008	$ 3,102	$ 1,874	$ -	$ 3,392

The accompanying notes are an integral part of these financial statements.

74

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING VP Index	ING Wells	ING Wells	ING American
	Plus	Fargo	Fargo Small	Century Large
	International	Disciplined	Cap Disciplined Company Value
	Equity Portfolio	Value Portfolio -	Portfolio -	Portfolio -
	- Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 412	$ 2,279	$ 338	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(35)	(18)	(8)	-
Total realized gain (loss) on investments
and capital gains distributions	42	29	7	-
Net unrealized appreciation (depreciation)
of investments	26	(142)	(22)	-
Net increase (decrease) in net assets from operations	33	(131)	(23)	-
Changes from principal transactions:
Premiums	1,880	358	106	-
Death benefits	-	(9)	-	-
Surrenders and withdrawals	44	(191)	(63)	-
Transfers between Divisions
(including fixed account), net	30	-	1	-
Increase (decrease) in net assets derived from
principal transactions	1,954	158	44	-
Total increase (decrease) in net assets	1,987	27	21	-
Net assets at December 31, 2007	2,399	2,306	359	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	100	23	(3)	31
Total realized gain (loss) on investments
and capital gains distributions	640	(164)	27	93
Net unrealized appreciation (depreciation)
of investments	(2,057)	(66)	(142)	(211)
Net increase (decrease) in net assets from operations	(1,317)	(207)	(118)	(87)
Changes from principal transactions:
Premiums	862	1	-	297
Death benefits	(13)	(92)	-	-
Surrenders and withdrawals	(95)	(2,008)	(30)	2
Transfers between Divisions
(including fixed account), net	15	-	-	-
Increase (decrease) in net assets derived from
principal transactions	769	(2,099)	(30)	299
Total increase (decrease) in net assets	(548)	(2,306)	(148)	212
Net assets at December 31, 2008	$ 1,851	$ -	$ 211	$ 212

The accompanying notes are an integral part of these financial statements.

75

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING American	ING Baron	ING Columbia
	Century Small-	Small Cap	Small Cap	ING Davis New
	Mid Cap Value	Growth	Value II	York Venture
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ -	$ 4,008	$ 865	$ 2,440

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	(112)	(33)	(77)
Total realized gain (loss) on investments
and capital gains distributions	-	128	16	39
Net unrealized appreciation (depreciation)
of investments	-	122	(28)	35
Net increase (decrease) in net assets from operations	-	138	(45)	(3)
Changes from principal transactions:
Premiums	-	2,556	1,452	3,735
Death benefits	-	-	-	-
Surrenders and withdrawals	-	197	96	72
Transfers between Divisions
(including fixed account), net	-	6	36	90
Increase (decrease) in net assets derived from
principal transactions	-	2,759	1,584	3,897
Total increase (decrease) in net assets	-	2,897	1,539	3,894
Net assets at December 31, 2007	-	6,905	2,404	6,334

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	(147)	(64)	(108)
Total realized gain (loss) on investments
and capital gains distributions	20	195	16	49
Net unrealized appreciation (depreciation)
of investments	(56)	(3,662)	(1,255)	(3,593)
Net increase (decrease) in net assets from operations	(37)	(3,614)	(1,303)	(3,652)
Changes from principal transactions:
Premiums	198	2,954	1,548	3,623
Death benefits	-	(5)	(3)	(44)
Surrenders and withdrawals	-	(342)	190	1,523
Transfers between Divisions
(including fixed account), net	-	101	-	159
Increase (decrease) in net assets derived from
principal transactions	198	2,708	1,735	5,261
Total increase (decrease) in net assets	161	(906)	432	1,609
Net assets at December 31, 2008	$ 161	$ 5,999	$ 2,836	$ 7,943

The accompanying notes are an integral part of these financial statements.

76

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


			ING Legg
			Mason Partners	ING Neuberger
	ING JPMorgan ING JPMorgan		Aggressive	Berman
	International	Mid Cap Value	Growth	Partners
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 2,290	$ 983	$ 1,129	$ 817

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	(11)	(32)	(18)
Total realized gain (loss) on investments
and capital gains distributions	342	83	28	57
Net unrealized appreciation (depreciation)
of investments	(99)	(65)	(77)	23
Net increase (decrease) in net assets from operations	242	7	(81)	62
Changes from principal transactions:
Premiums	1,101	-	731	48
Death benefits	-	(19)	8	-
Surrenders and withdrawals	1,596	(144)	13	(4)
Transfers between Divisions
(including fixed account), net	24	-	-	-
Increase (decrease) in net assets derived from
principal transactions	2,721	(163)	752	44
Total increase (decrease) in net assets	2,963	(156)	671	106
Net assets at December 31, 2007	5,253	827	1,800	923

Increase (decrease) in net assets
Operations:
Net investment income (loss)	128	12	(37)	(13)
Total realized gain (loss) on investments
and capital gains distributions	(73)	85	(4)	(11)
Net unrealized appreciation (depreciation)
of investments	(215)	(583)	(753)	(402)
Net increase (decrease) in net assets from operations	(160)	(486)	(794)	(426)
Changes from principal transactions:
Premiums	908	694	251	-
Death benefits	-	-	(7)	-
Surrenders and withdrawals	(6,013)	132	(98)	(111)
Transfers between Divisions
(including fixed account), net	12	127	-	-
Increase (decrease) in net assets derived from
principal transactions	(5,093)	953	146	(111)
Total increase (decrease) in net assets	(5,253)	467	(648)	(537)
Net assets at December 31, 2008	$ -	$ 1,294	$ 1,152	$ 386

The accompanying notes are an integral part of these financial statements.

77

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING Neuberger
	Berman	ING OpCap	ING	ING
	Regency	Balanced Value	Oppenheimer	Oppenheimer
	Portfolio -	Portfolio -	Global Portfolio	Global Portfolio
	Service Class	Service Class	- Initial Class	- Service Class
Net assets at January 1, 2007	$ 47	$ -	$ 265	$ 8,193

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	-	(2)	(104)
Total realized gain (loss) on investments
and capital gains distributions	2	-	18	974
Net unrealized appreciation (depreciation)
of investments	(17)	-	(3)	(476)
Net increase (decrease) in net assets from operations	(16)	-	13	394
Changes from principal transactions:
Premiums	232	-	1	3,475
Death benefits	-	-	-	-
Surrenders and withdrawals	23	-	(12)	(2,010)
Transfers between Divisions
(including fixed account), net	6	-	-	18
Increase (decrease) in net assets derived from
principal transactions	261	-	(11)	1,483
Total increase (decrease) in net assets	245	-	2	1,877
Net assets at December 31, 2007	292	-	267	10,070

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(2)	-	2	3
Total realized gain (loss) on investments
and capital gains distributions	(18)	(3)	17	676
Net unrealized appreciation (depreciation)
of investments	15	-	(127)	(5,403)
Net increase (decrease) in net assets from operations	(5)	(3)	(108)	(4,724)
Changes from principal transactions:
Premiums	98	7	-	2,430
Death benefits	-	-	-	(29)
Surrenders and withdrawals	(389)	(4)	(8)	(1,004)
Transfers between Divisions
(including fixed account), net	4	-	-	130
Increase (decrease) in net assets derived from
principal transactions	(287)	3	(8)	1,527
Total increase (decrease) in net assets	(292)	-	(116)	(3,197)
Net assets at December 31, 2008	$ -	$ -	$ 151	$ 6,873

The accompanying notes are an integral part of these financial statements.

78

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


ING
Oppenheimer
	Strategic		ING PIMCO
	Income		Total Return	ING Solution	ING Solution
	Portfolio -		Portfolio -	2015 Portfolio -	2025 Portfolio -
	Service Class		Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ -		$ -	$ -	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)		-	-	-	-
Total realized gain (loss) on investments
and capital gains distributions		-	-	-	-
Net unrealized appreciation (depreciation)
of investments		-	-	-	-
Net increase (decrease) in net assets from operations		-	-	-	-
Changes from principal transactions:
Premiums		-	-	-	-
Death benefits		-	-	-	-
Surrenders and withdrawals		-	-	-	-
Transfers between Divisions
(including fixed account), net		-	-	-	-
Increase (decrease) in net assets derived from
principal transactions		-	-	-	-
Total increase (decrease) in net assets		-	-	-	-
Net assets at December 31, 2007		-	-	-	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)		1	2	-	4
Total realized gain (loss) on investments
and capital gains distributions		-	1	-	19
Net unrealized appreciation (depreciation)
of investments		(15)	(3)	(2)	(227)
Net increase (decrease) in net assets from operations		(14)	-	(2)	(204)
Changes from principal transactions:
Premiums		102	103	28	975
Death benefits		-	-	-	-
Surrenders and withdrawals		-	8	-	-
Transfers between Divisions
(including fixed account), net		-	-	-	-
Increase (decrease) in net assets derived from
principal transactions		102	111	28	975
Total increase (decrease) in net assets		88	111	26	771
Net assets at December 31, 2008	$ 88		$ 111	$ 26	$ 771

The accompanying notes are an integral part of these financial statements.

79

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


					ING T. Rowe
					Price
			ING Solution		Diversified Mid
	ING Solution	ING Solution	Income		Cap Growth
	2035 Portfolio -	2045 Portfolio -	Portfolio -		Portfolio -
	Service Class	Service Class	Service Class		Service Class
Net assets at January 1, 2007	$ -	$ -	$ -		$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-		-	-
Total realized gain (loss) on investments
and capital gains distributions	-	-		-	-
Net unrealized appreciation (depreciation)
of investments	-	-		-	-
Net increase (decrease) in net assets from operations	-	-		-	-
Changes from principal transactions:
Premiums	-	-		-	-
Death benefits	-	-		-	-
Surrenders and withdrawals	-	-		-	-
Transfers between Divisions
(including fixed account), net	-	-		-	-
Increase (decrease) in net assets derived from
principal transactions	-	-		-	-
Total increase (decrease) in net assets	-	-		-	-
Net assets at December 31, 2007	-	-		-	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-		1	(4)
Total realized gain (loss) on investments
and capital gains distributions	3	1		1	60
Net unrealized appreciation (depreciation)
of investments	(43)	(9)		(8)	(273)
Net increase (decrease) in net assets from operations	(40)	(8)		(6)	(217)
Changes from principal transactions:
Premiums	117	22		57	598
Death benefits	-	-		-	-
Surrenders and withdrawals	-	-		-	12
Transfers between Divisions
(including fixed account), net	-	-		-	-
Increase (decrease) in net assets derived from
principal transactions	117	22		57	610
Total increase (decrease) in net assets	77	14		51	393
Net assets at December 31, 2008	$ 77	$ 14	$ 51		$ 393

The accompanying notes are an integral part of these financial statements.

80

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING T. Rowe	ING Templeton
	Price Growth	Foreign Equity	ING Thornburg	ING Thornburg
	Equity Portfolio	Portfolio -	Value Portfolio -	Value Portfolio -
	- Service Class	Service Class	Initial Class	Service Class
Net assets at January 1, 2007	$ -	$ 466	$ 12	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	(20)	-	-
Total realized gain (loss) on investments
and capital gains distributions	-	193	3	-
Net unrealized appreciation (depreciation)
of investments	1	45	(2)	-
Net increase (decrease) in net assets from operations	-	218	1	-
Changes from principal transactions:
Premiums	157	1,428	-	-
Death benefits	-	-	-	-
Surrenders and withdrawals	35	1,695	(10)	-
Transfers between Divisions
(including fixed account), net	9	46	-	-
Increase (decrease) in net assets derived from
principal transactions	201	3,169	(10)	-
Total increase (decrease) in net assets	201	3,387	(9)	-
Net assets at December 31, 2007	201	3,853	3	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(4)	27	-	-
Total realized gain (loss) on investments
and capital gains distributions	25	(430)	-	-
Net unrealized appreciation (depreciation)
of investments	(532)	(3,838)	(1)	(17)
Net increase (decrease) in net assets from operations	(511)	(4,241)	(1)	(17)
Changes from principal transactions:
Premiums	1,222	1,697	-	89
Death benefits	-	(117)	-	-
Surrenders and withdrawals	160	4,837	(1)	-
Transfers between Divisions
(including fixed account), net	12	32	-	-
Increase (decrease) in net assets derived from
principal transactions	1,394	6,449	(1)	89
Total increase (decrease) in net assets	883	2,208	(2)	72
Net assets at December 31, 2008	$ 1,084	$ 6,061	$ 1	$ 72

The accompanying notes are an integral part of these financial statements.

81

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


		ING UBS U.S.	ING Van	ING Van
	ING UBS U.S.	Small Cap	Kampen	Kampen Equity
	Large Cap	Growth	Comstock	and Income
	Equity Portfolio	Portfolio -	Portfolio -	Portfolio -
	- Service Class	Service Class	Service Class	Service Class
Net assets at January 1, 2007	$ 581	$ 7	$ 3,696	$ 542

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(9)	(1)	(36)	(1)
Total realized gain (loss) on investments
and capital gains distributions	14	4	185	32
Net unrealized appreciation (depreciation)
of investments	(10)	(2)	(421)	(32)
Net increase (decrease) in net assets from operations	(5)	1	(272)	(1)
Changes from principal transactions:
Premiums	94	33	1,960	547
Death benefits	(5)	-	-	-
Surrenders and withdrawals	(8)	2	(344)	(41)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	81	35	1,616	506
Total increase (decrease) in net assets	76	36	1,344	505
Net assets at December 31, 2007	657	43	5,040	1,047

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-	77	82
Total realized gain (loss) on investments
and capital gains distributions	1	(5)	115	12
Net unrealized appreciation (depreciation)
of investments	(336)	1	(2,200)	(692)
Net increase (decrease) in net assets from operations	(335)	(4)	(2,008)	(598)
Changes from principal transactions:
Premiums	196	-	540	1,600
Death benefits	-	-	(9)	(25)
Surrenders and withdrawals	(8)	(39)	(223)	63
Transfers between Divisions
(including fixed account), net	-	-	25	-
Increase (decrease) in net assets derived from
principal transactions	188	(39)	333	1,638
Total increase (decrease) in net assets	(147)	(43)	(1,675)	1,040
Net assets at December 31, 2008	$ 510	$ -	$ 3,365	$ 2,087

The accompanying notes are an integral part of these financial statements.

82

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING VP	ING VP
	Strategic	Strategic
	Allocation	Allocation	ING VP Growth	ING VP Growth
	Growth	Moderate	and Income	and Income
	Portfolio -	Portfolio -	Portfolio -	Portfolio -
	Class S	Class S	Class I	Class S
Net assets at January 1, 2007	$ -	$ -	$ -	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-	24	-
Total realized gain (loss) on investments
and capital gains distributions	-	-	2	-
Net unrealized appreciation (depreciation)
of investments	-	-	2	-
Net increase (decrease) in net assets from operations	-	-	28	-
Changes from principal transactions:
Premiums	-	-	-	-
Death benefits	-	-	-	-
Surrenders and withdrawals	-	-	1,974	5
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	-	-	1,974	5
Total increase (decrease) in net assets	-	-	2,002	5
Net assets at December 31, 2007	-	-	2,002	5

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-	(1)	10
Total realized gain (loss) on investments
and capital gains distributions	2	2	(40)	(22)
Net unrealized appreciation (depreciation)
of investments	(24)	(10)	(693)	(278)
Net increase (decrease) in net assets from operations	(22)	(8)	(734)	(290)
Changes from principal transactions:
Premiums	95	31	2	181
Death benefits	-	-	-	(9)
Surrenders and withdrawals	1	-	(161)	868
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	96	31	(159)	1,040
Total increase (decrease) in net assets	74	23	(893)	750
Net assets at December 31, 2008	$ 74	$ 23	$ 1,109	$ 755

The accompanying notes are an integral part of these financial statements.

83

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.
	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -
	Series 1	Series 2	Series 3	Series 4
Net assets at January 1, 2007	$ 3,542	$ 5,520	$ 3,015	$ 3,271

Increase (decrease) in net assets
Operations:
Net investment income (loss)	9	39	13	23
Total realized gain (loss) on investments
and capital gains distributions	81	60	22	100
Net unrealized appreciation (depreciation)
of investments	(30)	27	46	(71)
Net increase (decrease) in net assets from operations	60	126	81	52
Changes from principal transactions:
Premiums	(3)	(1)	(1)	-
Death benefits	-	-	(66)	-
Surrenders and withdrawals	(343)	(377)	(322)	(307)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	(346)	(378)	(389)	(307)
Total increase (decrease) in net assets	(286)	(252)	(308)	(255)
Net assets at December 31, 2007	3,256	5,268	2,707	3,016

Increase (decrease) in net assets
Operations:
Net investment income (loss)	70	143	(3)	23
Total realized gain (loss) on investments
and capital gains distributions	(121)	(320)	125	342
Net unrealized appreciation (depreciation)
of investments	(110)	(180)	(268)	(594)
Net increase (decrease) in net assets from operations	(161)	(357)	(146)	(229)
Changes from principal transactions:
Premiums	-	(1)	(1)	-
Death benefits	-	(62)	-	(9)
Surrenders and withdrawals	(3,095)	(4,867)	(244)	(154)
Transfers between Divisions
(including fixed account), net	-	19	-	-
Increase (decrease) in net assets derived from
principal transactions	(3,095)	(4,911)	(245)	(163)
Total increase (decrease) in net assets	(3,256)	(5,268)	(391)	(392)
Net assets at December 31, 2008	$ -	$ -	$ 2,316	$ 2,624

The accompanying notes are an integral part of these financial statements.

84

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.
	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -
	Series 5	Series 6	Series 7	Series 8
Net assets at January 1, 2007	$ 3,885	$ 1,862	$ 3,582	$ 680

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(17)	(1)	14	-
Total realized gain (loss) on investments
and capital gains distributions	195	122	161	34
Net unrealized appreciation (depreciation)
of investments	(175)	(101)	(128)	(25)
Net increase (decrease) in net assets from operations	3	20	47	9
Changes from principal transactions:
Premiums	(1)	(2)	-	-
Death benefits	-	-	-	-
Surrenders and withdrawals	(202)	(284)	(442)	(42)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	(203)	(286)	(442)	(42)
Total increase (decrease) in net assets	(200)	(266)	(395)	(33)
Net assets at December 31, 2007	3,685	1,596	3,187	647

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(17)	(8)	(3)	(6)
Total realized gain (loss) on investments
and capital gains distributions	550	226	508	53
Net unrealized appreciation (depreciation)
of investments	(868)	(350)	(726)	(112)
Net increase (decrease) in net assets from operations	(335)	(132)	(221)	(65)
Changes from principal transactions:
Premiums	-	(1)	-	(3)
Death benefits	-	-	-	(60)
Surrenders and withdrawals	(280)	(80)	(293)	(139)
Transfers between Divisions
(including fixed account), net	-	1	-	-
Increase (decrease) in net assets derived from
principal transactions	(280)	(80)	(293)	(202)
Total increase (decrease) in net assets	(615)	(212)	(514)	(267)
Net assets at December 31, 2008	$ 3,070	$ 1,384	$ 2,673	$ 380

The accompanying notes are an integral part of these financial statements.

85

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING GET U.S.	ING GET U.S.	ING GET U.S.	ING GET U.S.
	Core Portfolio -	Core Portfolio -	Core Portfolio -	Core Portfolio -
	Series 9	Series 10	Series 11	Series 12
Net assets at January 1, 2007	$ 381	$ 997	$ 5,356	$ 1,171

Increase (decrease) in net assets
Operations:
Net investment income (loss)	2	(2)	(30)	(8)
Total realized gain (loss) on investments
and capital gains distributions	22	23	496	159
Net unrealized appreciation (depreciation)
of investments	(15)	(6)	(341)	(122)
Net increase (decrease) in net assets from operations	9	15	125	29
Changes from principal transactions:
Premiums	-	-	(1)	-
Death benefits	-	-	-	-
Surrenders and withdrawals	(138)	(17)	(5,225)	(1,138)
Transfers between Divisions
(including fixed account), net	-	-	3	-
Increase (decrease) in net assets derived from
principal transactions	(138)	(17)	(5,223)	(1,138)
Total increase (decrease) in net assets	(129)	(2)	(5,098)	(1,109)
Net assets at December 31, 2007	252	995	258	62

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	6	1	-
Total realized gain (loss) on investments
and capital gains distributions	48	167	45	13
Net unrealized appreciation (depreciation)
of investments	(67)	(230)	(50)	(18)
Net increase (decrease) in net assets from operations	(19)	(57)	(4)	(5)
Changes from principal transactions:
Premiums	-	-	-	-
Death benefits	-	-	-	-
Surrenders and withdrawals	-	(15)	(4)	(1)
Transfers between Divisions
(including fixed account), net	1	-	-	-
Increase (decrease) in net assets derived from
principal transactions	1	(15)	(4)	(1)
Total increase (decrease) in net assets	(18)	(72)	(8)	(6)
Net assets at December 31, 2008	$ 234	$ 923	$ 250	$ 56

The accompanying notes are an integral part of these financial statements.

86

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


				ING BlackRock
				Global Science
	ING GET U.S.	ING GET U.S.	ING VP Global	and Technology
	Core Portfolio -	Core Portfolio -	Equity Dividend	Portfolio -
	Series 13	Series 14	Portfolio	Class S
Net assets at January 1, 2007	$ 9,554	$ -	$ 376	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(55)	(145)	8	-
Total realized gain (loss) on investments
and capital gains distributions	247	7	49	-
Net unrealized appreciation (depreciation)
of investments	52	212	(52)	-
Net increase (decrease) in net assets from operations	244	74	5	-
Changes from principal transactions:
Premiums	-	367	-	-
Death benefits	-	-	(30)	-
Surrenders and withdrawals	(9,058)	8,699	(68)	-
Transfers between Divisions
(including fixed account), net	-	1,321	-	-
Increase (decrease) in net assets derived from
principal transactions	(9,058)	10,387	(98)	-
Total increase (decrease) in net assets	(8,814)	10,461	(93)	-
Net assets at December 31, 2007	740	10,461	283	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(7)	(48)	3	(32)
Total realized gain (loss) on investments
and capital gains distributions	35	67	6	(26)
Net unrealized appreciation (depreciation)
of investments	(20)	25	(21)	(898)
Net increase (decrease) in net assets from operations	8	44	(12)	(956)
Changes from principal transactions:
Premiums	(1)	(1)	-	910
Death benefits	-	(44)	-	(4)
Surrenders and withdrawals	(36)	(752)	(271)	2,016
Transfers between Divisions
(including fixed account), net	-	(44)	-	16
Increase (decrease) in net assets derived from
principal transactions	(37)	(841)	(271)	2,938
Total increase (decrease) in net assets	(29)	(797)	(283)	1,982
Net assets at December 31, 2008	$ 711	$ 9,664	$ -	$ 1,982

The accompanying notes are an integral part of these financial statements.

87

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


		ING Lehman	ING
		Brothers U.S.	Opportunistic		ING
	ING	Aggregate Bond	Large Cap		Opportunistic
	International	Index®	Growth		Large Cap
	Index Portfolio -	Portfolio -	Portfolio -		Value Portfolio -
	Class S	Class S	Class S		Class S
Net assets at January 1, 2007	$ -	$ -	$ -		$ 158

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-		-	(1)
Total realized gain (loss) on investments
and capital gains distributions	-	-		-	2
Net unrealized appreciation (depreciation)
of investments	-	-		-	-
Net increase (decrease) in net assets from operations	-	-		-	1
Changes from principal transactions:
Premiums	-	-		-	(1)
Death benefits	-	-		-	-
Surrenders and withdrawals	-	-		-	(3)
Transfers between Divisions
(including fixed account), net	-	-		-	-
Increase (decrease) in net assets derived from
principal transactions	-	-		-	(4)
Total increase (decrease) in net assets	-	-		-	(3)
Net assets at December 31, 2007	-	-		-	155

Increase (decrease) in net assets
Operations:
Net investment income (loss)	7	14		-	-
Total realized gain (loss) on investments
and capital gains distributions	(18)	6		-	20
Net unrealized appreciation (depreciation)
of investments	(177)	45		(10)	(83)
Net increase (decrease) in net assets from operations	(188)	65		(10)	(63)
Changes from principal transactions:
Premiums	513	1,052		30	20
Death benefits	-	-		-	-
Surrenders and withdrawals	52	1,219		-	2
Transfers between Divisions
(including fixed account), net	203	-		-	-
Increase (decrease) in net assets derived from
principal transactions	768	2,271		30	22
Total increase (decrease) in net assets	580	2,336		20	(41)
Net assets at December 31, 2008	$ 580	$ 2,336	$ 20		$ 114

The accompanying notes are an integral part of these financial statements.

88

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING Russell™	ING Russell™	ING Russell™	ING VP Index
	Large Cap	Mid Cap Index	Small Cap	Plus LargeCap
	Index Portfolio -	Portfolio -	Index Portfolio -	Portfolio -
	Class S	Class S	Class S	Class S
Net assets at January 1, 2007	$ -	$ -	$ -	$ 4,051

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	-	-	(64)
Total realized gain (loss) on investments
and capital gains distributions	-	-	-	138
Net unrealized appreciation (depreciation)
of investments	-	-	-	36
Net increase (decrease) in net assets from operations	-	-	-	110
Changes from principal transactions:
Premiums	-	-	-	1,451
Death benefits	-	-	-	(22)
Surrenders and withdrawals	-	-	-	(4)
Transfers between Divisions
(including fixed account), net	-	-	-	21
Increase (decrease) in net assets derived from
principal transactions	-	-	-	1,446
Total increase (decrease) in net assets	-	-	-	1,556
Net assets at December 31, 2007	-	-	-	5,607

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	2	(1)	(16)
Total realized gain (loss) on investments
and capital gains distributions	(9)	(4)	(4)	315
Net unrealized appreciation (depreciation)
of investments	(213)	(194)	(295)	(2,384)
Net increase (decrease) in net assets from operations	(222)	(196)	(300)	(2,085)
Changes from principal transactions:
Premiums	749	579	664	658
Death benefits	-	-	-	(85)
Surrenders and withdrawals	37	120	467	(833)
Transfers between Divisions
(including fixed account), net	10	4	3	13
Increase (decrease) in net assets derived from
principal transactions	796	703	1,134	(247)
Total increase (decrease) in net assets	574	507	834	(2,332)
Net assets at December 31, 2008	$ 574	$ 507	$ 834	$ 3,275

The accompanying notes are an integral part of these financial statements.

89

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


				ING
				WisdomTree^SM
	ING VP Index	ING VP Index	ING VP Small	Global High-
	Plus MidCap	Plus SmallCap	Company	Yielding Equity
	Portfolio -	Portfolio -	Portfolio -	Index Portfolio -
	Class S	Class S	Class S	Class S
Net assets at January 1, 2007	$ 5,948	$ 5,395	$ -	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(118)	(131)	-	-
Total realized gain (loss) on investments
and capital gains distributions	542	616	-	-
Net unrealized appreciation (depreciation)
of investments	(275)	(1,077)	-	-
Net increase (decrease) in net assets from operations	149	(592)	-	-
Changes from principal transactions:
Premiums	1,819	1,601	-	-
Death benefits	-	-	-	-
Surrenders and withdrawals	(671)	(61)	-	-
Transfers between Divisions
(including fixed account), net	1	10	-	-
Increase (decrease) in net assets derived from
principal transactions	1,149	1,550	-	-
Total increase (decrease) in net assets	1,298	958	-	-
Net assets at December 31, 2007	7,246	6,353	-	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(81)	(99)	(9)	51
Total realized gain (loss) on investments
and capital gains distributions	664	143	(6)	(104)
Net unrealized appreciation (depreciation)
of investments	(3,610)	(2,390)	(332)	(1,567)
Net increase (decrease) in net assets from operations	(3,027)	(2,346)	(347)	(1,620)
Changes from principal transactions:
Premiums	1,176	951	1,236	3,764
Death benefits	(83)	(80)	-	-
Surrenders and withdrawals	(373)	(500)	280	1,456
Transfers between Divisions
(including fixed account), net	2	5	-	-
Increase (decrease) in net assets derived from
principal transactions	722	376	1,516	5,220
Total increase (decrease) in net assets	(2,305)	(1,970)	1,169	3,600
Net assets at December 31, 2008	$ 4,941	$ 4,383	$ 1,169	$ 3,600

The accompanying notes are an integral part of these financial statements.

90

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ING VP		ING VP
	Financial	ING VP	MidCap
	Services	International	Opportunities	ING VP Real
	Portfolio -	Value Portfolio -	Portfolio -	Estate Portfolio
	Class S	Class S	Class S	- Class S
Net assets at January 1, 2007	$ 1,067	$ -	$ 45	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(7)	-	(1)	-
Total realized gain (loss) on investments
and capital gains distributions	82	-	-	-
Net unrealized appreciation (depreciation)
of investments	(266)	-	11	-
Net increase (decrease) in net assets from operations	(191)	-	10	-
Changes from principal transactions:
Premiums	299	-	-	-
Death benefits	42	-	-	-
Surrenders and withdrawals	(34)	-	1	-
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	307	-	1	-
Total increase (decrease) in net assets	116	-	11	-
Net assets at December 31, 2007	1,183	-	56	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(4)	7	(38)	2
Total realized gain (loss) on investments
and capital gains distributions	(491)	63	5	2
Net unrealized appreciation (depreciation)
of investments	201	(355)	(1,283)	-
Net increase (decrease) in net assets from operations	(294)	(285)	(1,316)	4
Changes from principal transactions:
Premiums	308	911	1,150	496
Death benefits	(14)	-	-	-
Surrenders and withdrawals	(1,183)	11	3,171	(500)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	(889)	922	4,321	(4)
Total increase (decrease) in net assets	(1,183)	637	3,005	-
Net assets at December 31, 2008	$ -	$ 637	$ 3,061	$ -

The accompanying notes are an integral part of these financial statements.

91

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


				Legg Mason
				Partners
	ING VP			Variable
	SmallCap	ING VP	ING VP	International
	Opportunities	Balanced	Intermediate	All Cap
	Portfolio -	Portfolio -	Bond Portfolio -	Opportunity
	Class S	Class S	Class S	Portfolio
Net assets at January 1, 2007	$ 534	$ 323	$ 3,858	$ 219

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(13)	3	172	(1)
Total realized gain (loss) on investments
and capital gains distributions	8	15	37	93
Net unrealized appreciation (depreciation)
of investments	50	(8)	12	(81)
Net increase (decrease) in net assets from operations	45	10	221	11
Changes from principal transactions:
Premiums	74	-	3,829	-
Death benefits	-	-	-	(12)
Surrenders and withdrawals	(20)	(86)	59	(19)
Transfers between Divisions
(including fixed account), net	-	-	41	-
Increase (decrease) in net assets derived from
principal transactions	54	(86)	3,929	(31)
Total increase (decrease) in net assets	99	(76)	4,150	(20)
Net assets at December 31, 2007	633	247	8,008	199

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(13)	3	583	1
Total realized gain (loss) on investments
and capital gains distributions	96	3	(265)	(50)
Net unrealized appreciation (depreciation)
of investments	(390)	(78)	(2,263)	(39)
Net increase (decrease) in net assets from operations	(307)	(72)	(1,945)	(88)
Changes from principal transactions:
Premiums	403	101	14,263	-
Death benefits	(9)	-	(139)	-
Surrenders and withdrawals	(89)	(100)	(4,597)	(11)
Transfers between Divisions
(including fixed account), net	-	-	68	-
Increase (decrease) in net assets derived from
principal transactions	305	1	9,595	(11)
Total increase (decrease) in net assets	(2)	(71)	7,650	(99)
Net assets at December 31, 2008	$ 631	$ 176	$ 15,658	$ 100

The accompanying notes are an integral part of these financial statements.

92

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	Legg Mason	Legg Mason	Legg Mason	Legg Mason
	Partners	Partners	Partners	Partners
	Variable	Variable	Variable	Variable
	Investors	Lifestyle	Lifestyle	Lifestyle
	Portfolio	Allocation 50%	Allocation 70%	Allocation 85%
Net assets at January 1, 2007	$ -	$ 2,545	$ 974	$ 447

Increase (decrease) in net assets
Operations:
Net investment income (loss)	1	39	10	(1)
Total realized gain (loss) on investments
and capital gains distributions	16	57	(14)	23
Net unrealized appreciation (depreciation)
of investments	(34)	(48)	27	(15)
Net increase (decrease) in net assets from operations	(17)	48	23	7
Changes from principal transactions:
Premiums	-	2	1	-
Death benefits	-	(71)	(8)	-
Surrenders and withdrawals	620	(542)	(134)	(55)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	620	(611)	(141)	(55)
Total increase (decrease) in net assets	603	(563)	(118)	(48)
Net assets at December 31, 2007	603	1,982	856	399

Increase (decrease) in net assets
Operations:
Net investment income (loss)	(1)	34	5	-
Total realized gain (loss) on investments
and capital gains distributions	(19)	44	(53)	(17)
Net unrealized appreciation (depreciation)
of investments	(159)	(586)	(208)	(133)
Net increase (decrease) in net assets from operations	(179)	(508)	(256)	(150)
Changes from principal transactions:
Premiums	-	2	1	-
Death benefits	-	-	-	-
Surrenders and withdrawals	(146)	(226)	(139)	(25)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	(146)	(224)	(138)	(25)
Total increase (decrease) in net assets	(325)	(732)	(394)	(175)
Net assets at December 31, 2008	$ 278	$ 1,250	$ 462	$ 224

The accompanying notes are an integral part of these financial statements.

93

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	Legg Mason	Legg Mason	Oppenheimer
	Partners	Partners	Main Street	PIMCO Real
	Variable High	Variable Money	Small Cap	Return Portfolio
	Income	Market	Fund®/VA -	- Administrative
	Portfolio	Portfolio	Service Class	Class
Net assets at January 1, 2007	$ 217	$ 188	$ -	$ -

Increase (decrease) in net assets
Operations:
Net investment income (loss)	13	3	-	-
Total realized gain (loss) on investments
and capital gains distributions	(5)	-	-	-
Net unrealized appreciation (depreciation)
of investments	(10)	-	-	-
Net increase (decrease) in net assets from operations	(2)	3	-	-
Changes from principal transactions:
Premiums	-	-	47	-
Death benefits	-	-	-	-
Surrenders and withdrawals	(39)	(45)	-	-
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	(39)	(45)	47	-
Total increase (decrease) in net assets	(41)	(42)	47	-
Net assets at December 31, 2007	176	146	47	-

Increase (decrease) in net assets
Operations:
Net investment income (loss)	16	1	(1)	1
Total realized gain (loss) on investments
and capital gains distributions	(3)	-	4	-
Net unrealized appreciation (depreciation)
of investments	(65)	-	(39)	(16)
Net increase (decrease) in net assets from operations	(52)	1	(36)	(15)
Changes from principal transactions:
Premiums	-	-	62	157
Death benefits	-	-	-	-
Surrenders and withdrawals	(8)	(42)	-	-
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	(8)	(42)	62	157
Total increase (decrease) in net assets	(60)	(41)	26	142
Net assets at December 31, 2008	$ 116	$ 105	$ 73	$ 142

The accompanying notes are an integral part of these financial statements.

94

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	Pioneer Equity	Pioneer Small
	Income VCT	Cap Value VCT
	Portfolio -	Portfolio -	ProFund VP	ProFund VP
	Class II	Class II	Bull	Europe 30
Net assets at January 1, 2007	$ -	$ 205	$ 101	$ 132

Increase (decrease) in net assets
Operations:
Net investment income (loss)	-	(2)	(3)	1
Total realized gain (loss) on investments
and capital gains distributions	-	38	4	3
Net unrealized appreciation (depreciation)
of investments	-	(53)	-	12
Net increase (decrease) in net assets from operations	-	(17)	1	16
Changes from principal transactions:
Premiums	47	-	23	-
Death benefits	-	(19)	-	-
Surrenders and withdrawals	-	(6)	(17)	(11)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	47	(25)	6	(11)
Total increase (decrease) in net assets	47	(42)	7	5
Net assets at December 31, 2007	47	163	108	137

Increase (decrease) in net assets
Operations:
Net investment income (loss)	10	(2)	(2)	-
Total realized gain (loss) on investments
and capital gains distributions	20	-	1	14
Net unrealized appreciation (depreciation)
of investments	(332)	(58)	(38)	(69)
Net increase (decrease) in net assets from operations	(302)	(60)	(39)	(55)
Changes from principal transactions:
Premiums	1,424	-	-	-
Death benefits	-	-	-	-
Surrenders and withdrawals	110	(19)	(12)	(20)
Transfers between Divisions
(including fixed account), net	-	-	-	-
Increase (decrease) in net assets derived from
principal transactions	1,534	(19)	(12)	(20)
Total increase (decrease) in net assets	1,232	(79)	(51)	(75)
Net assets at December 31, 2008	$ 1,279	$ 84	$ 57	$ 62

The accompanying notes are an integral part of these financial statements.

95

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Statements of Changes in Net Assets
For the years ended December 31, 2008 and 2007
(Dollars in thousands)


	ProFund VP
	Rising Rates	ProFund VP
	Opportunity	Small-Cap
Net assets at January 1, 2007	$ 495	$ 309

Increase (decrease) in net assets
Operations:
Net investment income (loss)	14	(3)
Total realized gain (loss) on investments
and capital gains distributions	7	52
Net unrealized appreciation (depreciation)
of investments	(48)	(62)
Net increase (decrease) in net assets from operations	(27)	(13)
Changes from principal transactions:
Premiums	2	44
Death benefits	-	-
Surrenders and withdrawals	(57)	(8)
Transfers between Divisions
(including fixed account), net	-	-
Increase (decrease) in net assets derived from
principal transactions	(55)	36
Total increase (decrease) in net assets	(82)	23
Net assets at December 31, 2007	413	332

Increase (decrease) in net assets
Operations:
Net investment income (loss)	9	(3)
Total realized gain (loss) on investments
and capital gains distributions	(12)	(59)
Net unrealized appreciation (depreciation)
of investments	(113)	39
Net increase (decrease) in net assets from operations	(116)	(23)
Changes from principal transactions:
Premiums	-	-
Death benefits	-	-
Surrenders and withdrawals	(116)	(309)
Transfers between Divisions
(including fixed account), net	-	-
Increase (decrease) in net assets derived from
principal transactions	(116)	(309)
Total increase (decrease) in net assets	(232)	(332)
Net assets at December 31, 2008	$ 181	$ -

The accompanying notes are an integral part of these financial statements.

96

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

1. Organization

ReliaStar Life Insurance Company of New York Separate Account NY-B (the “Account”)
was established by First Golden American Life Insurance Company of New York (“First
Golden”) to support the operations of variable annuity contracts (“Contracts”). The
Account became a separate account of ReliaStar Life Insurance Company of New York
(“RLNY” or the “Company”) as a result of the merger of First Golden into RLNY
effective April 1, 2002. RLNY is an indirect, wholly owned subsidiary of ING America
Insurance Holdings, Inc. (“ING AIH”), an insurance holding company domiciled in the
State of Delaware. ING AIH is an indirect wholly owned subsidiary of ING Groep, N.V.,
a global financial services holding company based in The Netherlands.

Operations of the Account commenced on May 19, 1997. The Account is registered as a
unit investment trust with the Securities and Exchange Commission under the Investment
Company Act of 1940, as amended. RLNY provides for variable accumulation and
benefits under the Contracts by crediting annuity considerations to one or more divisions
within the Account or the RLNY fixed separate account, which is not part of the Account,
as directed by the contractowners. The portion of the Account’s assets applicable to
Contracts will not be charged with liabilities arising out of any other business RLNY may
conduct, but obligations of the Account, including the promise to make benefit payments,
are obligations of RLNY. The assets and liabilities of the Account are clearly identified
and distinguished from the other assets and liabilities of RLNY.

At December 31, 2008, the Account had, under ING GoldenSelect, ING Empire, ING
Simplicity, ING Architect, and ING Rollover Contracts, 129 investment divisions (the
“Divisions”), 20 of which invest in independently managed mutual funds and 109 of
which invest in mutual fund portfolios managed by an affiliate, either Directed Services
LLC (“DSL”) or ING Investments, LLC (“IIL”). The assets in each Division are invested
in shares of a designated Fund (“Fund”) of various investment trusts (the “Trusts”).
Investment Divisions at December 31, 2008 and related Trusts are as follows:


AIM Variable Insurance Funds: AIM V.I. Leisure Fund - Series I Shares BlackRock Variable Series Funds, Inc.: BlackRock Global Allocation V.I. Fund - Class III Columbia Funds Variable Insurance Trust: Columbia Small Cap Value Fund, Variable Series - Class B Fidelity® Variable Insurance Products: Fidelity® VIP Equity-Income Portfolio - Service Class 2 Fidelity® Variable Insurance Products II: Fidelity® VIP Contrafund® Portfolio - Service Class 2 Franklin Templeton Variable Insurance Products Trust: Franklin Small Cap Value Securities Fund - Class 2	ING Investors Trust: ING AllianceBernstein Mid Cap Growth Portfolio - Service Class ING American Funds Asset Allocation Portfolio ING American Funds Bond Portfolio ING American Funds Growth Portfolio ING American Funds Growth-Income Portfolio ING American Funds International Portfolio ING BlackRock Large Cap Growth Portfolio - Service Class ING BlackRock Large Cap Value Portfolio - Service Class ING Evergreen Health Sciences Portfolio - Service Class ING Evergreen Omega Portfolio - Service Class ING FMR^SMDiversified Mid Cap Portfolio - Service Class




97

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

ING Investors Trust (continued):

ING Focus 5 Portfolio - Service Class* ING Franklin Income Portfolio - Service Class ING Franklin Mutual Shares Portfolio - Service Class* ING Franklin Templeton Founding Strategy Portfolio - Service Class* ING Global Real Estate Portfolio - Service Class ING Global Resources Portfolio - Service Class ING International Growth Opportunities Portfolio - Service Class ING Janus Contrarian Portfolio - Service Class ING JPMorgan Emerging Markets Equity Portfolio - Service Class ING JPMorgan Small Cap Core Equity Portfolio - Service Class ING JPMorgan Value Opportunities Portfolio - Service Class ING Julius Baer Foreign Portfolio - Service Class ING Legg Mason Value Portfolio - Service Class ING LifeStyle Aggressive Growth Portfolio - Service Class ING LifeStyle Growth Portfolio - Service Class ING LifeStyle Moderate Growth Portfolio - Service Class ING LifeStyle Moderate Portfolio - Service Class ING Limited Maturity Bond Portfolio - Service Class ING Liquid Assets Portfolio - Service Class ING Lord Abbett Affiliated Portfolio - Service Class ING Marsico Growth Portfolio - Service Class ING Marsico International Opportunities Portfolio - Service Class ING MFS Total Return Portfolio - Service Class ING MFS Utilities Portfolio - Service Class ING Multi-Manager International Small Cap Portfolio - Class S** ING Oppenheimer Main Street Portfolio® - Service Class ING PIMCO Core Bond Portfolio - Service Class ING PIMCO High Yield Portfolio - Service Class ING Pioneer Fund Portfolio - Service Class ING Pioneer Mid Cap Value Portfolio - Service Class ING T. Rowe Price Capital Appreciation Portfolio - Service Class ING T. Rowe Price Equity Income Portfolio - Service Class ING Templeton Global Growth Portfolio - Service Class ING Van Kampen Capital Growth Portfolio - Service Class ING Van Kampen Global Franchise Portfolio - Service Class ING Van Kampen Growth and Income Portfolio - Service Class ING Van Kampen Real Estate Portfolio - Service Class

ING Investors Trust (continued):

ING VP Index Plus International Equity Portfolio - Service Class ING Wells Fargo Small Cap Disciplined Portfolio - Service Class ING Partners, Inc.: ING American Century Large Company Value Portfolio - Service Class** ING American Century Small-Mid Cap Value Portfolio - Service Class** ING Baron Small Cap Growth Portfolio - Service Class ING Columbia Small Cap Value II Portfolio - Service Class ING Davis New York Venture Portfolio - Service Class ING JPMorgan Mid Cap Value Portfolio - Service Class ING Legg Mason Partners Aggressive Growth Portfolio - Service Class ING Neuberger Berman Partners Portfolio - Service Class ING Oppenheimer Global Portfolio - Initial Class ING Oppenheimer Global Portfolio - Service Class ING Oppenheimer Strategic Income Portfolio - Service Class** ING PIMCO Total Return Portfolio - Service Class** ING Solution 2015 Portfolio - Service Class** ING Solution 2025 Portfolio - Service Class** ING Solution 2035 Portfolio - Service Class** ING Solution 2045 Portfolio - Service Class** ING Solution Income Portfolio - Service Class** ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service Class** ING T. Rowe Price Growth Equity Portfolio - Service Class* ING Templeton Foreign Equity Portfolio - Service Class ING Thornburg Value Portfolio - Initial Class ING Thornburg Value Portfolio - Service Class** ING UBS U.S. Large Cap Equity Portfolio - Service Class ING Van Kampen Comstock Portfolio - Service Class ING Van Kampen Equity and Income Portfolio - Service Class ING Strategic Allocation Portfolios, Inc.: ING VP Strategic Allocation Growth Portfolio - Class S** ING VP Strategic Allocation Moderate Portfolio - Class S** ING Variable Funds: ING VP Growth and Income Portfolio - Class I* ING VP Growth and Income Portfolio - Class S* ING Variable Insurance Trust: ING GET U.S. Core Portfolio - Series 3 ING GET U.S. Core Portfolio - Series 4

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements


ING Variable Insurance Trust (continued): ING GET U.S. Core Portfolio - Series 5 ING GET U.S. Core Portfolio - Series 6 ING GET U.S. Core Portfolio - Series 7 ING GET U.S. Core Portfolio - Series 8 ING GET U.S. Core Portfolio - Series 9 ING GET U.S. Core Portfolio - Series 10 ING GET U.S. Core Portfolio - Series 11 ING GET U.S. Core Portfolio - Series 12 ING GET U.S. Core Portfolio - Series 13 ING GET U.S. Core Portfolio - Series 14* ING Variable Portfolios, Inc.: ING BlackRock Global Science and Technology Portfolio - Class S ING International Index Portfolio - Class S ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio - Class S ING Opportunistic Large Cap Growth Portfolio - Class S ING Opportunistic Large Cap Value Portfolio - Class S ING Russell^TMLarge Cap Index Portfolio - Class S ING Russell^TMMid Cap Index Portfolio - Class S ING Russell^TMSmall Cap Index Portfolio - Class S ING VP Index Plus LargeCap Portfolio - Class S ING VP Index Plus MidCap Portfolio - Class S ING VP Index Plus SmallCap Portfolio - Class S ING VP Small Company Portfolio - Class S ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio - Class S ING Variable Products Trust: ING VP International Value Portfolio - Class S	ING VP Intermediate Bond Portfolio: ING VP Intermediate Bond Portfolio - Class S Legg Mason Partners Variable Equity Trust: Legg Mason Partners Variable International All Cap Opportunity Portfolio Legg Mason Partners Variable Investors Portfolio* Legg Mason Partners Variable Lifestyle Allocation 50% Legg Mason Partners Variable Lifestyle Allocation 70% Legg Mason Partners Variable Lifestyle Allocation 85% Legg Mason Partners Variable Income Trust: Legg Mason Partners Variable High Income Portfolio Legg Mason Partners Variable Money Market Portfolio Oppenheimer Variable Account Funds: Oppenheimer Main Street Small Cap Fund®/VA - Service Class* PIMCO Variable Insurance Trust: PIMCO Real Return Portfolio - Administrative Class** Pioneer Variable Contracts Trust: Pioneer Equity Income VCT Portfolio - Class II* Pioneer Small Cap Value VCT Portfolio - Class II ProFunds: ProFund VP Bull ProFund VP Europe 30 ProFund VP Rising Rates Opportunity
ING VP MidCap Opportunities Portfolio - Class S	*	Division was added in 2007
ING VP SmallCap Opportunities Portfolio - Class S	**	Division was added in 2008
ING VP Balanced Portfolio, Inc.: ING VP Balanced Portfolio - Class S

The names of certain Divisions and Trusts were changed during 2008. The following is a
summary of current and former names for those Divisions and Trusts:

Current Name

ING Investors Trust:

ING Mid Cap Growth Portfolio - Service Class ING Van Kampen Large Cap Growth Portfolio - Service Class ING Variable Portfolios, Inc.: ING Opportunistic Large Cap Value Portfolio - Class S

Former Name

ING Investors Trust:

ING FMR^SMMid Cap Growth Portfolio - Service Class ING FMR^SMLarge Cap Growth Portfolio - Service Class ING Variable Portfolios, Inc.: ING VP Value Opportunity Portfolio - Class S

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

During 2008, the following Divisions were closed to contractowners:

ING Investors Trust:
ING Capital Guardian U.S. Equities Portfolio - Service Class
ING EquitiesPlus Portfolio - Service Class
ING Global Technology Portfolio - Service Class
ING Mid Cap Growth Portfolio - Service Class
ING UBS U.S. Allocation Portfolio - Service Class
ING Van Kampen Large Cap Growth Portfolio - Service Class
ING Wells Fargo Disciplined Value Portfolio - Service Class
ING Partners, Inc.:
ING JPMorgan International Portfolio - Service Class
ING Neuberger Berman Regency Portfolio - Service Class
ING UBS U.S. Small Cap Growth Portfolio - Service Class
ING Variable Insurance Trust:
ING GET U.S. Core Portfolio - Series 1
ING GET U.S. Core Portfolio - Series 2
ING VP Global Equity Dividend Portfolio
ING Variable Products Trust:
ING VP Financial Services Portfolio - Class S
ING VP Real Estate Portfolio - Class S
ProFunds:
ProFund VP Small-Cap

The following Division was available to contractowners during 2008, but had no net
assets as of December 31, 2008:

ING Partners, Inc.:
ING OpCap Balanced Value Portfolio - Service Class

The following Division was available to contractowners during 2008, but did not have
any activity as of December 31, 2008:

ING Strategic Allocation Portfolios, Inc.:
ING VP Strategic Allocation Conservative Portfolio - Class S

2. Significant Accounting Policies

The following is a summary of the significant accounting policies of the Account:

Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates and
assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ from reported results using those
estimates.

100

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

Investments

Investments are made in shares of a Portfolio and are recorded at fair value, determined
by the net asset value per share of the respective Portfolio. Investment transactions in
each Portfolio are recorded on the trade date. Distributions of net investment income and
capital gains from each Portfolio are recognized on the ex-distribution date. Realized
gains and losses on redemptions of the shares of the Portfolio are determined on a first-in,
first-out basis. The difference between cost and current market value of investments
owned on the day of measurement is recorded as unrealized appreciation or depreciation
of investments.

Federal Income Taxes

Operations of the Account form a part of, and are taxed with, the total operations of
RLNY, which is taxed as a life insurance company under the Internal Revenue Code.
Earnings and realized capital gains of the Account attributable to the contractowners are
excluded in the determination of the federal income tax liability of RLNY.

Contractowner Reserves

Prior to the annuity date, the Contracts are redeemable for the net cash surrender value of
the Contracts. The annuity reserves of the Account are represented by net assets on the
Statements of Assets and Liabilities and are equal to the contractowners’ aggregate
account values of the contractowners invested in the Account Divisions. To the extent
that benefits to be paid to the contractowners exceed their account values, RLNY will
contribute additional funds to the benefit proceeds. Conversely, if amounts allocated
exceed amounts required, transfers may be made to RLNY.

All Contracts in the Account are currently in the accumulation period.

Changes from Principal Transactions

Included in Changes from Principal Transactions on the Statements of Changes in Net
Assets are items which relate to contractowner activity, including deposits, surrenders and
withdrawals, benefits, and contract charges. Also included are transfers between the
fixed account and the Divisions, transfers between Divisions, and transfers to (from)
RLNY related to gains and losses resulting from actual mortality experience (the full
responsibility for which is assumed by RLNY). Any net unsettled transactions as of the
reporting date are included in Payable to related parties on the Statements of Assets and
Liabilities.

101

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

3. Recently Adopted Accounting Standards

Fair Value Measurements

In September 2006, the Financial Accounting Standards Board (“FASB”) issued
Statement of Financial Accounting Standards (“FAS”) No. 157, “Fair Value
Measurements” (“FAS No. 157”). FAS No. 157 provides guidance for using fair value to
measure assets and liabilities whenever other standards require (or permit) assets or
liabilities to be measured at fair value. FAS No. 157 does not expand the use of fair value
to any new circumstances.

Under FAS No. 157, the FASB clarifies the principle that fair value should be based on
the assumptions market participants would use when pricing the asset or liability. In
support of this principle, FAS No. 157 establishes a fair value hierarchy that prioritizes
the information used to develop such assumptions. The fair value hierarchy gives the
highest priority to quoted prices in active markets and the lowest priority to unobservable
data. FAS No. 157 also requires separate disclosure of fair value measurements by level
within the hierarchy and expanded disclosure of the effect on earnings for items measured
using unobservable data.

The adoption of FAS No. 157 on January 1, 2008 did not have an impact on the
Account’s net assets or results of operations. New disclosures are included in the
Financial Instruments footnote.

4. Financial Instruments

The Account invests assets in shares of open-end mutual funds, which process orders to
purchase and redeem shares on a daily basis at the fund's next computed net asset values
(“NAV”). The fair value of the Account’s assets is based on the NAVs of mutual funds,
which are obtained from the custodian and reflect the fair values of the mutual fund
investments. The NAV is calculated daily upon close of the New York Stock Exchange
and is based on the fair values of the underlying securities.

The Account’s financial assets are recorded at fair value on the Statements of Assets and
Liabilities and are categorized as Level 1 as of December 31, 2008, based on the priority
of the inputs to the valuation technique below. The Account had no financial liabilities as
of December 31, 2008.

The FAS No. 157 fair value hierarchy gives the highest priority to quoted prices in active
markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable
inputs (Level 3). If the inputs used to measure fair value fall within different levels of the
hierarchy, the category level is based on the lowest priority level input that is significant
to the fair value measurement of the instrument.

102

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

§	Level 1 - Unadjusted quoted prices for identical assets or liabilities in an active
	market.
§	Level 2 - Quoted prices in markets that are not active or inputs that are observable
	either	directly or indirectly for substantially the full term of the asset or liability.
	Level	2 inputs include the following:
	a)	Quoted prices for similar assets or liabilities in active markets;
	b)	Quoted prices for identical or similar assets or liabilities in non-active markets;
	c)	Inputs other than quoted market prices that are observable; and
	d)	Inputs that are derived principally from or corroborated by observable market data through correlation or other means.
§	Level 3 - Prices or valuation techniques that require inputs that are both
	unobservable	and significant to the overall fair value measurement. These
	valuations,	whether derived internally or obtained from a third party, use critical
	assumptions	that are not widely available to estimate market participant
	expectations	in valuing the asset or liability.

5. Charges and Fees

Under the terms of the Contracts, certain charges are allocated to the Contracts to cover
RLNY’s expenses in connection with the issuance and administration of the Contracts.
Following is a summary of these charges:

Mortality and Expense Risk Charges

RLNY assumes mortality and expense risks related to the operations of the Account and,
in accordance with the terms of the Contracts, deducts a daily charge from the assets of
the Account. Daily charges are deducted at annual rates of up to 1.85% of the average
daily net asset value of each Division of the Account to cover these risks, as specified in
the Contracts.

Asset Based Administrative Charges

A daily charge to cover administrative expenses of the Account is deducted at an annual
rate of 0.15% of assets attributable to the Contracts.

Contract Maintenance Charges

An annual Contract maintenance fee of $30 may be deducted from the accumulation
value of Contracts to cover ongoing administrative expenses, as specified in the
Contracts.

103

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

Contingent Deferred Sales Charges

A contingent deferred sales charge (“Surrender Charge”) is imposed as a percentage of
each premium payment if the Contract is surrendered or an excess partial withdrawal is
taken during the seven-year period from the date a premium payment is received, as
specified in the Contracts. The following table reflects the Surrender Charge that is
assessed based upon the date a premium payment is received.


Complete
Years Elapsed	ING	ING	ING	ING
Since Premium	Golden	Empire	Empire	Rollover	ING	ING
Payment	Select	Innovations	Traditions	Choice	Simplicity	Architect-NY
0	7%	6%	6%	6%	6%	8%
1	6%	5%	6%	6%	6%	7%
2	5%	4%	6%	5%	5%	6%
3	4%	-	6%	4%	4%	5%
4	3%	-	5%	3%	3%	4%
5	2%	-	4%	2%	-	3%
6	1%	-	3%	1%	-	2%
7+	-	-	-	-	-	-

Transfer Charges

A transfer charge of up to $25 may be imposed on each transfer between Divisions in
excess of twelve in any one calendar year.

Premium Taxes

For certain Contracts, premium taxes are deducted, where applicable, from the
accumulation value of each Contract. The amount and timing of the deduction depends
on the contractowner’s state of residence and currently ranges up to 4.0% of premiums.

Other Contract Charges

For certain Contracts, an additional annual charge of 0.50% is deducted daily from the
accumulation value for amounts invested in the ING GET U.S. Core Portfolio Funds. In
addition, an annual charge of up to 0.60% is deducted daily from the accumulation value
for contractowners who select the Optional Asset-Backed Premium Credit feature.

6. Related Party Transactions

During the year ended December 31, 2008, management fees were paid indirectly to IIL,
an affiliate of the Company, in its capacity as investment adviser to the ING Strategic
Allocation Portfolio, Inc., ING Variable Funds, ING Variable Insurance Trust, ING

104

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

Variable Portfolios, Inc., ING Variable Products Trust, ING VP Balanced Portfolio, Inc.,
and ING VP Intermediate Bond Portfolio. The annual fee rate ranged from 0.08% to
0.85% of the average net assets of each respective Fund of the Trust.

Management fees were also paid indirectly to DSL, an affiliate of the Company, in its
capacity as investment adviser to ING Investors Trust and ING Partners, Inc. The Trusts’
advisory agreement provided for a fee at an annual rate up to 1.25% of the average net
assets of each respective Fund.

105

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

7. Purchases and Sales of Investment Securities

The aggregate cost of purchases and proceeds from sales of investments follow:


	Year ended December 31
	2008		2007
	Purchases	Sales	Purchases	Sales
		(Dollars in thousands)
AIM Variable Insurance Funds:
AIM V.I. Leisure Fund - Series I Shares	$ 49	$ 62	$ 32	$ 101
BlackRock Variable Series Funds, Inc.:
BlackRock Global Allocation V.I. Fund - Class III	6,684	130	-	-
Columbia Funds Variable Insurance Trust:
Columbia Small Cap Value Fund, Variable Series - Class B	156	151	207	80
Fidelity® Variable Insurance Products:
Fidelity® VIP Equity-Income Portfolio - Service Class 2	1,674	545	3,430	1,406
Fidelity® Variable Insurance Products II:
Fidelity® VIP Contrafund® Portfolio - Service Class 2	15,971	1,541	11,810	2,077
Franklin Templeton Variable Insurance Products Trust:
Franklin Small Cap Value Securities Fund - Class 2	731	2	-	-
ING Investors Trust:
ING AllianceBernstein Mid Cap Growth Portfolio - Service Class	2,202	501	1,453	521
ING American Funds Asset Allocation Portfolio	2,227	48	-	-
ING American Funds Bond Portfolio	12,245	956	-	-
ING American Funds Growth Portfolio	20,692	1,519	16,443	2,714
ING American Funds Growth-Income Portfolio	10,379	1,715	9,628	2,612
ING American Funds International Portfolio	13,156	2,001	10,750	1,064
ING BlackRock Large Cap Growth Portfolio - Service Class	1,769	183	854	209
ING BlackRock Large Cap Value Portfolio - Service Class	33	46	281	36
ING Capital Guardian U.S. Equities Portfolio - Service Class	247	1,128	701	180
ING EquitiesPlus Portfolio - Service Class	26	169	95	54
ING Evergreen Health Sciences Portfolio - Service Class	2,979	966	1,308	536
ING Evergreen Omega Portfolio - Service Class	174	32	151	86
ING FMR^SMDiversified Mid Cap Portfolio - Service Class	3,176	807	5,321	2,539
ING Focus 5 Portfolio - Service Class	1,782	210	479	22
ING Franklin Income Portfolio - Service Class	5,119	1,575	8,257	1,430
ING Franklin Mutual Shares Portfolio - Service Class	3,384	653	4,780	123
ING Franklin Templeton Founding Strategy Portfolio - Service
Class	9,540	862	5,850	41
ING Global Real Estate Portfolio - Service Class	3,533	431	3,528	1,612
ING Global Resources Portfolio - Service Class	11,728	1,164	4,018	562
ING Global Technology Portfolio - Service Class	676	1,580	1,161	253
ING International Growth Opportunities Portfolio - Service Class	80	3	56	5
ING Janus Contrarian Portfolio - Service Class	7,847	1,448	6,776	429
ING JPMorgan Emerging Markets Equity Portfolio - Service Class	9,111	1,282	6,725	1,284
ING JPMorgan Small Cap Core Equity Portfolio - Service Class	758	1,130	2,497	1,577
ING JPMorgan Value Opportunities Portfolio - Service Class	502	241	753	545
ING Julius Baer Foreign Portfolio - Service Class	8,059	1,262	8,959	989
ING Legg Mason Value Portfolio - Service Class	1,966	1,316	2,119	792
ING LifeStyle Aggressive Growth Portfolio - Service Class	9,867	2,007	14,071	2,902




106


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



	Year ended December 31
	2008		2007
	Purchases	Sales	Purchases	Sales
		(Dollars in thousands)
ING Investors Trust (continued):
ING LifeStyle Growth Portfolio - Service Class	$ 39,609	$ 3,054	$ 27,111	$ 2,417
ING LifeStyle Moderate Growth Portfolio - Service Class	43,289	4,075	24,812	2,200
ING LifeStyle Moderate Portfolio - Service Class	22,475	3,976	16,335	2,446
ING Limited Maturity Bond Portfolio - Service Class	33	81	20	283
ING Liquid Assets Portfolio - Service Class	46,446	20,158	31,702	12,776
ING Lord Abbett Affiliated Portfolio - Service Class	66	62	139	118
ING Marsico Growth Portfolio - Service Class	2,010	891	1,193	873
ING Marsico International Opportunities Portfolio - Service Class	5,730	724	2,340	753
ING MFS Total Return Portfolio - Service Class	4,009	2,122	2,915	1,502
ING MFS Utilities Portfolio - Service Class	6,253	1,281	3,382	774
ING Mid Cap Growth Portfolio - Service Class	-	2,657	147	306
ING Multi-Manager International Small Cap Portfolio - Class S	246	1	-	-
ING Oppenheimer Main Street Portfolio® - Service Class	1,620	944	3,868	1,230
ING PIMCO Core Bond Portfolio - Service Class	28,165	5,483	4,750	2,126
ING PIMCO High Yield Portfolio - Service Class	1,526	1,127	3,048	635
ING Pioneer Fund Portfolio - Service Class	105	39	151	10
ING Pioneer Mid Cap Value Portfolio - Service Class	4,853	718	2,348	507
ING T. Rowe Price Capital Appreciation Portfolio - Service Class	13,272	1,837	10,381	767
ING T. Rowe Price Equity Income Portfolio - Service Class	4,153	2,148	4,251	861
ING Templeton Global Growth Portfolio - Service Class	1,195	1,422	6,741	1,390
ING UBS U.S. Allocation Portfolio - Service Class	88	572	65	56
ING Van Kampen Capital Growth Portfolio - Service Class	934	282	65	158
ING Van Kampen Global Franchise Portfolio - Service Class	2,540	2,424	3,359	94
ING Van Kampen Growth and Income Portfolio - Service Class	832	412	752	479
ING Van Kampen Large Cap Growth Portfolio - Service Class	45	625	95	96
ING Van Kampen Real Estate Portfolio - Service Class	1,362	1,115	5,622	1,902
ING VP Index Plus International Equity Portfolio - Service Class	1,713	152	2,090	166
ING Wells Fargo Disciplined Value Portfolio - Service Class	47	2,123	581	441
ING Wells Fargo Small Cap Disciplined Portfolio - Service Class	52	43	149	114
ING Partners, Inc.:
ING American Century Large Company Value Portfolio - Service
Class	427	3	-	-
ING American Century Small-Mid Cap Value Portfolio - Service
Class	220	2	-	-
ING Baron Small Cap Growth Portfolio - Service Class	3,431	638	3,264	617
ING Columbia Small Cap Value II Portfolio - Service Class	1,940	239	1,684	133
ING Davis New York Venture Portfolio - Service Class	5,746	508	4,107	271
ING JPMorgan International Portfolio - Service Class	4,058	6,017	3,814	1,094
ING JPMorgan Mid Cap Value Portfolio - Service Class	1,366	288	110	242
ING Legg Mason Partners Aggressive Growth Portfolio - Service
Class	288	180	853	132
ING Neuberger Berman Partners Portfolio - Service Class	10	134	222	151
ING Neuberger Berman Regency Portfolio - Service Class	156	445	279	19
ING OpCap Balanced Value Portfolio - Service Class	8	4	-	-
ING Oppenheimer Global Portfolio - Initial Class	26	15	20	22
ING Oppenheimer Global Portfolio - Service Class	3,117	801	4,195	2,402
ING Oppenheimer Strategic Income Portfolio - Service Class	105	1	-	-


107


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



		Year ended December 31
	2008			2007
	Purchases		Sales	Purchases		Sales
		(Dollars in thousands)
ING Partners, Inc. (continued):
ING PIMCO Total Return Portfolio - Service Class	$ 115	$ 1		$ -	$ -
ING Solution 2015 Portfolio - Service Class	28		-	-		-
ING Solution 2025 Portfolio - Service Class	1,005		5	-		-
ING Solution 2035 Portfolio - Service Class	121		1	-		-
ING Solution 2045 Portfolio - Service Class	22		-	-		-
ING Solution Income Portfolio - Service Class	60		-	-		-
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service
Class	669		3	-		-
ING T. Rowe Price Growth Equity Portfolio - Service Class	1,668		205	255		52
ING Templeton Foreign Equity Portfolio - Service Class	8,137		1,659	4,418		1,240
ING Thornburg Value Portfolio - Initial Class	1		2	-		10
ING Thornburg Value Portfolio - Service Class	89		-	-		-
ING UBS U.S. Large Cap Equity Portfolio - Service Class	214		25	132		59
ING UBS U.S. Small Cap Growth Portfolio - Service Class	-		40	42		5
ING Van Kampen Comstock Portfolio - Service Class	1,308		621	2,229		515
ING Van Kampen Equity and Income Portfolio - Service Class	2,488		637	650		128
ING Strategic Allocation Portfolios, Inc.:
ING VP Strategic Allocation Growth Portfolio - Class S	98		1	-		-
ING VP Strategic Allocation Moderate Portfolio - Class S	33		-	-		-
ING Variable Funds:
ING VP Growth and Income Portfolio - Class I	23		183	2,109		111
ING VP Growth and Income Portfolio - Class S	1,099		49	5		-
ING Variable Insurance Trust:
ING GET U.S. Core Portfolio - Series 1	385		3,136	148		428
ING GET U.S. Core Portfolio - Series 2	590		5,012	197		495
ING GET U.S. Core Portfolio - Series 3	176		301	76		453
ING GET U.S. Core Portfolio - Series 4	453		223	159		374
ING GET U.S. Core Portfolio - Series 5	645		347	241		291
ING GET U.S. Core Portfolio - Series 6	270		120	132		327
ING GET U.S. Core Portfolio - Series 7	672		398	206		520
ING GET U.S. Core Portfolio - Series 8	127		220	43		57
ING GET U.S. Core Portfolio - Series 9	54		5	18		146
ING GET U.S. Core Portfolio - Series 10	196		34	38		37
ING GET U.S. Core Portfolio - Series 11	52		9	17		5,267
ING GET U.S. Core Portfolio - Series 12	14		2	3		1,147
ING GET U.S. Core Portfolio - Series 13	309		329	46		9,161
ING GET U.S. Core Portfolio - Series 14	234		1,072	10,654		411
ING VP Global Equity Dividend Portfolio	47		272	44		109
ING Variable Portfolios, Inc.:
ING BlackRock Global Science and Technology Portfolio - Class S	3,077		171	-		-
ING International Index Portfolio - Class S	822		48	-		-
ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio -
Class S	2,593		304	-		-




108


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



		Year ended December 31
	2008		2007
	Purchases	Sales	Purchases	Sales
		(Dollars in thousands)
ING Variable Portfolios, Inc. (continued):
ING Opportunistic Large Cap Growth Portfolio - Class S	31	-	-	-
ING Opportunistic Large Cap Value Portfolio - Class S	48	7	7	12
ING Russell™ Large Cap Index Portfolio - Class S	861	64	-	-
ING Russell™ Mid Cap Index Portfolio - Class S	735	31	-	-
ING Russell™ Small Cap Index Portfolio - Class S	1,170	37	-	-
ING VP Index Plus LargeCap Portfolio - Class S	1,122	1,068	2,113	732
ING VP Index Plus MidCap Portfolio - Class S	2,113	637	2,324	803
ING VP Index Plus SmallCap Portfolio - Class S	1,386	738	2,596	591
ING VP Small Company Portfolio - Class S	1,575	49	-	-
ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio -
Class S	6,337	1,065	-	-
ING Variable Products Trust:
ING VP Financial Services Portfolio - Class S	862	1,669	700	329
ING VP International Value Portfolio - Class S	999	4	-	-
ING VP MidCap Opportunities Portfolio - Class S	4,381	97	-	1
ING VP Real Estate Portfolio - Class S	567	505	-	-
ING VP SmallCap Opportunities Portfolio - Class S	520	131	75	35
ING VP Balanced Portfolio, Inc.:
ING VP Balanced Portfolio - Class S	126	103	29	99
ING VP Intermediate Bond Portfolio:
ING VP Intermediate Bond Portfolio - Class S	17,531	6,969	5,703	1,601
Legg Mason Partners Variable Equity Trust:
Legg Mason Partners Variable International All Cap Opportunity
Portfolio	7	16	101	34
Legg Mason Partners Variable Investors Portfolio	16	151	696	59
Legg Mason Partners Variable Lifestyle Allocation 50%	114	248	95	647
Legg Mason Partners Variable Lifestyle Allocation 70%	17	149	39	156
Legg Mason Partners Variable Lifestyle Allocation 85%	11	34	35	64
Legg Mason Partners Variable Income Trust:
Legg Mason Partners Variable High Income Portfolio	18	9	16	42
Legg Mason Partners Variable Money Market Portfolio	14	55	51	92
Oppenheimer Variable Account Funds:
Oppenheimer Main Street Small Cap Fund®/VA - Service Class	66	1	47	-
PIMCO Variable Insurance Trust:
PIMCO Real Return Portfolio - Administrative Class	159	1	-	-
Pioneer Variable Contracts Trust:
Pioneer Equity Income VCT Portfolio - Class II	1,572	5	47	-
Pioneer Small Cap Value VCT Portfolio - Class II	23	23	53	35
ProFunds:
ProFund VP Bull	2	14	26	23
ProFund VP Europe 30	18	24	6	15
ProFund VP Rising Rates Opportunity	24	131	94	135
ProFund VP Small-Cap	33	314	103	21




109


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

8.	Changes in Units

	The net changes in units outstanding follow:

				Year ended December 31
			2008			2007
		Units	Units	Net Increase	Units	Units	Net Increase
		Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
	AIM Variable Insurance Funds:
	AIM V.I. Leisure Fund - Series I Shares	2,830	6,649	(3,819)	667	6,479	(5,812)
	BlackRock Variable Series Funds, Inc.:
	BlackRock Global Allocation V.I. Fund - Class III	743,991	21,143	722,848	-	-	-
	Columbia Funds Variable Insurance Trust:
	Columbia Small Cap Value Fund, Variable Series - Class B	190,906	203,710	(12,804)	4,233	4,268	(35)
	Fidelity® Variable Insurance Products:
	Fidelity® VIP Equity-Income Portfolio - Service Class 2	209,797	75,669	134,128	222,624	113,607	109,017
	Fidelity® Variable Insurance Products II:
	Fidelity® VIP Contrafund® Portfolio - Service Class 2	1,591,302	369,905	1,221,397	499,614	182,047	317,567
	Franklin Templeton Variable Insurance Products Trust:
	Franklin Small Cap Value Securities Fund - Class 2	90,569	3,998	86,571	-	-	-
	ING Investors Trust:
	ING AllianceBernstein Mid Cap Growth Portfolio - Service Class	175,947	57,176	118,771	99,542	38,881	60,661
	ING American Funds Asset Allocation Portfolio	267,380	6,371	261,009	-	-	-
	ING American Funds Bond Portfolio	1,388,557	190,875	1,197,682	-	-	-
	ING American Funds Growth Portfolio	1,829,348	436,948	1,392,400	1,203,521	287,557	915,964
	ING American Funds Growth-Income Portfolio	1,034,083	340,469	693,614	763,097	274,172	488,925
	ING American Funds International Portfolio	1,087,513	375,829	711,684	642,281	122,899	519,382
	ING BlackRock Large Cap Growth Portfolio - Service Class	148,692	23,508	125,184	69,277	19,321	49,956
	ING BlackRock Large Cap Value Portfolio - Service Class	786	4,119	(3,333)	19,894	2,260	17,634
	ING Capital Guardian U.S. Equities Portfolio - Service Class	8,889	111,508	(102,619)	51,674	16,556	35,118
	ING EquitiesPlus Portfolio - Service Class	-	17,807	(17,807)	7,148	4,654	2,494
	ING Evergreen Health Sciences Portfolio - Service Class	272,209	110,737	161,472	103,481	51,395	52,086
	ING Evergreen Omega Portfolio - Service Class	12,668	2,793	9,875	12,967	7,568	5,399
	ING FMR^SMDiversified Mid Cap Portfolio - Service Class	251,509	113,814	137,695	382,203	191,194	191,009




	110


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



			Year ended December 31
		2008			2007
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Investors Trust (continued):
ING Focus 5 Portfolio - Service Class	219,542	39,474	180,068	48,220	2,045	46,175
ING Franklin Income Portfolio - Service Class	568,040	247,715	320,325	783,255	176,043	607,212
ING Franklin Mutual Shares Portfolio - Service Class	378,936	110,742	268,194	413,146	21,197	391,949
ING Franklin Templeton Founding Strategy Portfolio - Service Class	1,213,517	176,582	1,036,935	614,347	18,005	596,342
ING Global Real Estate Portfolio - Service Class	444,275	90,816	353,459	278,702	140,330	138,372
ING Global Resources Portfolio - Service Class	595,096	143,172	451,924	209,488	45,177	164,311
ING Global Technology Portfolio - Service Class	52,721	135,522	(82,801)	93,413	24,367	69,046
ING International Growth Opportunities Portfolio - Service Class	260	-	260	-	81	(81)
ING Janus Contrarian Portfolio - Service Class	516,362	163,924	352,438	391,771	39,383	352,388
ING JPMorgan Emerging Markets Equity Portfolio - Service Class	643,601	159,646	483,955	347,360	93,713	253,647
ING JPMorgan Small Cap Core Equity Portfolio - Service Class	54,119	118,167	(64,048)	173,451	131,484	41,967
ING JPMorgan Value Opportunities Portfolio - Service Class	30,237	26,995	3,242	53,802	45,102	8,700
ING Julius Baer Foreign Portfolio - Service Class	471,520	155,456	316,064	472,728	77,348	395,380
ING Legg Mason Value Portfolio - Service Class	123,223	175,058	(51,835)	191,420	80,669	110,751
ING LifeStyle Aggressive Growth Portfolio - Service Class	693,092	272,678	420,414	965,677	249,513	716,164
ING LifeStyle Growth Portfolio - Service Class	3,317,153	668,503	2,648,650	2,016,854	299,623	1,717,231
ING LifeStyle Moderate Growth Portfolio - Service Class	3,949,059	937,270	3,011,789	1,977,479	335,255	1,642,224
ING LifeStyle Moderate Portfolio - Service Class	2,433,903	797,276	1,636,627	1,426,578	346,156	1,080,422
ING Limited Maturity Bond Portfolio - Service Class	-	3,341	(3,341)	454	12,959	(12,505)
ING Liquid Assets Portfolio - Service Class	6,644,519	4,540,533	2,103,986	3,024,661	1,504,548	1,520,113
ING Lord Abbett Affiliated Portfolio - Service Class	375	5,483	(5,108)	9,183	8,312	871
ING Marsico Growth Portfolio - Service Class	214,300	115,283	99,017	102,796	62,923	39,873
ING Marsico International Opportunities Portfolio - Service Class	452,899	111,006	341,893	131,019	53,321	77,698
ING MFS Total Return Portfolio - Service Class	243,463	184,586	58,877	163,716	97,373	66,343
ING MFS Utilities Portfolio - Service Class	482,581	176,256	306,325	208,276	59,296	148,980
ING Mid Cap Growth Portfolio - Service Class	41	172,078	(172,037)	12,386	12,031	355
ING Multi-Manager International Small Cap Portfolio - Class S	34,481	1,838	32,643	-	-	-
ING Oppenheimer Main Street Portfolio® - Service Class	134,157	83,152	51,005	278,413	61,545	216,868
ING PIMCO Core Bond Portfolio - Service Class	2,690,115	812,128	1,877,987	424,612	187,210	237,402
ING PIMCO High Yield Portfolio - Service Class	117,013	132,544	(15,531)	255,348	74,339	181,009



111


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



			Year ended December 31
		2008			2007
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Investors Trust (continued):
ING Pioneer Fund Portfolio - Service Class	8,624	4,034	4,590	11,195	821	10,374
ING Pioneer Mid Cap Value Portfolio - Service Class	469,577	136,058	333,519	179,855	52,914	126,941
ING T. Rowe Price Capital Appreciation Portfolio - Service Class	1,107,839	335,683	772,156	726,179	95,800	630,379
ING T. Rowe Price Equity Income Portfolio - Service Class	389,067	280,946	108,121	323,180	85,729	237,451
ING Templeton Global Growth Portfolio - Service Class	123,145	159,265	(36,120)	476,614	99,682	376,932
ING UBS U.S. Allocation Portfolio - Service Class	103	50,896	(50,793)	677	3,814	(3,137)
ING Van Kampen Capital Growth Portfolio - Service Class	68,530	23,536	44,994	3,899	11,183	(7,284)
ING Van Kampen Global Franchise Portfolio - Service Class	222,059	259,300	(37,241)	270,346	28,591	241,755
ING Van Kampen Growth and Income Portfolio - Service Class	54,594	27,711	26,883	47,136	22,152	24,984
ING Van Kampen Large Cap Growth Portfolio - Service Class	2,620	60,993	(58,373)	8,990	8,014	976
ING Van Kampen Real Estate Portfolio - Service Class	42,640	91,356	(48,716)	272,497	124,750	147,747
ING VP Index Plus International Equity Portfolio - Service Class	103,609	18,673	84,936	160,411	14,447	145,964
ING Wells Fargo Disciplined Value Portfolio - Service Class	761	161,878	(161,117)	47,904	28,044	19,860
ING Wells Fargo Small Cap Disciplined Portfolio - Service Class	885	4,552	(3,667)	15,232	11,761	3,471
ING Partners, Inc.:
ING American Century Large Company Value Portfolio - Service Class	34,476	123	34,353	-	-	-
ING American Century Small-Mid Cap Value Portfolio - Service Class	23,097	99	22,998	-	-	-
ING Baron Small Cap Growth Portfolio - Service Class	391,251	114,541	276,710	282,258	74,026	208,232
ING Columbia Small Cap Value II Portfolio - Service Class	238,276	44,787	193,489	169,916	19,933	149,983
ING Davis New York Venture Portfolio - Service Class	699,863	84,065	615,798	369,175	32,906	336,269
ING JPMorgan International Portfolio - Service Class	72,900	369,044	(296,144)	208,962	58,248	150,714
ING JPMorgan Mid Cap Value Portfolio - Service Class	108,258	24,447	83,811	4,875	14,648	(9,773)
ING Legg Mason Partners Aggressive Growth Portfolio - Service Class	26,680	16,478	10,202	69,686	13,959	55,727
ING Neuberger Berman Partners Portfolio - Service Class	2,233	13,000	(10,767)	19,146	14,721	4,425
ING Neuberger Berman Regency Portfolio - Service Class	15,255	43,939	(28,684)	25,715	1,650	24,065
ING OpCap Balanced Value Portfolio - Service Class	663	663	-	-	-	-
ING Oppenheimer Global Portfolio - Initial Class	444	1,115	(671)	456	1,244	(788)
ING Oppenheimer Global Portfolio - Service Class	242,989	122,093	120,896	269,841	174,620	95,221
ING Oppenheimer Strategic Income Portfolio - Service Class	10,060	20	10,040	-	-	-
ING PIMCO Total Return Portfolio - Service Class	10,622	20	10,602	-	-	-



112


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



			Year ended December 31
		2008			2007
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Partners, Inc. (continued):
ING Solution 2015 Portfolio - Service Class	3,431	6	3,425	-	-	-
ING Solution 2025 Portfolio - Service Class	112,477	229	112,248	-	-	-
ING Solution 2035 Portfolio - Service Class	11,684	43	11,641	-	-	-
ING Solution 2045 Portfolio - Service Class	2,149	8	2,141	-	-	-
ING Solution Income Portfolio - Service Class	5,993	(3)	5,996	-	-	-
ING T. Rowe Price Diversified Mid Cap Growth Portfolio - Service Class	64,952	160	64,792	-	-	-
ING T. Rowe Price Growth Equity Portfolio - Service Class	195,753	32,847	162,906	25,535	5,717	19,818
ING Templeton Foreign Equity Portfolio - Service Class	724,000	203,352	520,648	379,231	116,574	262,657
ING Thornburg Value Portfolio - Initial Class	17	89	(72)	11	693	(682)
ING Thornburg Value Portfolio - Service Class	11,709	24	11,685	-	-	-
ING UBS U.S. Large Cap Equity Portfolio - Service Class	23,989	3,306	20,683	9,759	3,896	5,863
ING UBS U.S. Small Cap Growth Portfolio - Service Class	325	4,668	(4,343)	4,030	406	3,624
ING Van Kampen Comstock Portfolio - Service Class	115,120	86,535	28,585	161,249	43,555	117,694
ING Van Kampen Equity and Income Portfolio - Service Class	222,595	73,728	148,867	51,967	11,227	40,740
ING Strategic Allocation Portfolios, Inc.:
ING VP Strategic Allocation Growth Portfolio - Class S	11,105	31	11,074	-	-	-
ING VP Strategic Allocation Moderate Portfolio - Class S	3,242	13	3,229	-	-	-
ING Variable Funds:
ING VP Growth and Income Portfolio - Class I	228	20,107	(19,879)	211,741	10,737	201,004
ING VP Growth and Income Portfolio - Class S	131,574	9,319	122,255	550	-	550
ING Variable Insurance Trust:
ING GET U.S. Core Portfolio - Series 1	-	292,894	(292,894)	523	32,548	(32,025)
ING GET U.S. Core Portfolio - Series 2	1,966	491,274	(489,308)	47	35,830	(35,783)
ING GET U.S. Core Portfolio - Series 3	1	24,262	(24,261)	-	37,583	(37,583)
ING GET U.S. Core Portfolio - Series 4	1	15,885	(15,884)	130	27,953	(27,823)
ING GET U.S. Core Portfolio - Series 5	-	26,458	(26,458)	356	17,979	(17,623)
ING GET U.S. Core Portfolio - Series 6	130	8,202	(8,072)	124	25,911	(25,787)
ING GET U.S. Core Portfolio - Series 7	-	28,729	(28,729)	-	39,724	(39,724)
ING GET U.S. Core Portfolio - Series 8	-	21,054	(21,054)	-	3,801	(3,801)
ING GET U.S. Core Portfolio - Series 9	-	22	(22)	-	12,515	(12,515)



113


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



			Year ended December 31
		2008			2007
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
ING Variable Insurance Trust (continued):
ING GET U.S. Core Portfolio - Series 10	-	1,507	(1,507)	-	1,593	(1,593)
ING GET U.S. Core Portfolio - Series 11	-	444	(444)	370	482,871	(482,501)
ING GET U.S. Core Portfolio - Series 12	-	86	(86)	93	99,434	(99,341)
ING GET U.S. Core Portfolio - Series 13	27,897	30,786	(2,889)	242	878,357	(878,115)
ING GET U.S. Core Portfolio - Series 14	104	84,620	(84,516)	1,053,840	26,628	1,027,212
ING VP Global Equity Dividend Portfolio	8	24,904	(24,896)	320	8,649	(8,329)
ING Variable Portfolios, Inc.:
ING BlackRock Global Science and Technology Portfolio - Class S	349,945	44,984	304,961	-	-	-
ING International Index Portfolio - Class S	102,000	6,388	95,612	-	-	-
ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio - Class S	268,444	39,133	229,311	-	-	-
ING Opportunistic Large Cap Growth Portfolio - Class S	3,172	14	3,158	-	-	-
ING Opportunistic Large Cap Value Portfolio - Class S	3,022	716	2,306	989	1,344	(355)
ING Russell™ Large Cap Index Portfolio - Class S	91,765	6,271	85,494	-	-	-
ING Russell™ Mid Cap Index Portfolio - Class S	88,104	5,327	82,777	-	-	-
ING Russell™ Small Cap Index Portfolio - Class S	126,448	6,661	119,787	-	-	-
ING VP Index Plus LargeCap Portfolio - Class S	115,109	130,460	(15,351)	177,244	62,890	114,354
ING VP Index Plus MidCap Portfolio - Class S	179,068	94,974	84,094	146,769	73,633	73,136
ING VP Index Plus SmallCap Portfolio - Class S	143,404	95,158	48,246	157,602	53,555	104,047
ING VP Small Company Portfolio - Class S	177,314	9,731	167,583	-	-	-
ING WisdomTree^SMGlobal High-Yielding Equity Index Portfolio - Class S	756,878	163,458	593,420	-	-	-
ING Variable Products Trust:
ING VP Financial Services Portfolio - Class S	77,477	179,968	(102,491)	50,665	27,701	22,964
ING VP International Value Portfolio - Class S	100,485	1,335	99,150	-	-	-
ING VP MidCap Opportunities Portfolio - Class S	480,346	26,347	453,999	-	76	(76)
ING VP Real Estate Portfolio - Class S	52,713	52,713	-	-	-	-
ING VP SmallCap Opportunities Portfolio - Class S	50,692	13,928	36,764	6,249	2,341	3,908
ING VP Balanced Portfolio, Inc.:
ING VP Balanced Portfolio - Class S	12,080	11,433	647	818	8,920	(8,102)
ING VP Intermediate Bond Portfolio:
ING VP Intermediate Bond Portfolio - Class S	1,880,237	970,831	909,406	555,634	184,334	371,300



114


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



			Year ended December 31
		2008			2007
	Units	Units	Net Increase	Units	Units	Net Increase
	Issued	Redeemed	(Decrease)	Issued	Redeemed	(Decrease)
Legg Mason Partners Variable Equity Trust:
Legg Mason Partners Variable International All Cap Opportunity Portfolio	242	1,298	(1,056)	-	1,668	(1,668)
Legg Mason Partners Variable Investors Portfolio	86	16,947	(16,861)	67,318	5,395	61,923
Legg Mason Partners Variable Lifestyle Allocation 50%	151	14,819	(14,668)	217	37,494	(37,277)
Legg Mason Partners Variable Lifestyle Allocation 70%	153	10,762	(10,609)	78	9,586	(9,508)
Legg Mason Partners Variable Lifestyle Allocation 85%	370	2,695	(2,325)	60	3,722	(3,662)
Legg Mason Partners Variable Income Trust:
Legg Mason Partners Variable High Income Portfolio	106	569	(463)	-	2,288	(2,288)
Legg Mason Partners Variable Money Market Portfolio	840	3,995	(3,155)	3,306	6,918	(3,612)
Oppenheimer Variable Account Funds:
Oppenheimer Main Street Small Cap Fund®/VA - Service Class	7,295	60	7,235	4,740	2	4,738
PIMCO Variable Insurance Trust:
PIMCO Real Return Portfolio - Administrative Class	14,497	23	14,474	-	-	-
Pioneer Variable Contracts Trust:
Pioneer Equity Income VCT Portfolio - Class II	185,796	3,893	181,903	4,694	-	4,694
Pioneer Small Cap Value VCT Portfolio - Class II	336	2,861	(2,525)	693	3,202	(2,509)
ProFunds:
ProFund VP Bull	3,965	5,396	(1,431)	2,049	1,846	203
ProFund VP Europe 30	561	2,269	(1,708)	533	1,402	(869)
ProFund VP Rising Rates Opportunity	2,421	16,303	(13,882)	8,373	14,707	(6,334)
ProFund VP Small-Cap	127	25,790	(25,663)	4,174	1,556	2,618




115


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

9.	Unit Summary


	Division/Contract	Units	Unit Value	Extended Value
	AIM V.I. Leisure Fund - Series I Shares
	Contracts in accumulation period:
	Band 6	785.589	$ 7.95	$ 6,245
	Band 9	57.992	7.69	446
	Band 17	148.353	7.78	1,154
	Band 20	7,061.536	7.61	53,738
	Band 22	2,072.005	7.56	15,664
	Band 24	4,946.920	7.71	38,141
	Band 25	1,309.865	7.64	10,007
	Band 26	1,312.551	7.59	9,962
		17,694.811		$ 135,357
	BlackRock Global Allocation V.I. Fund - Class III
	Contracts in accumulation period:
	Band 6	131,312.566	$ 8.00	$ 1,050,501
	Band 8	836.926	7.98	6,679
	Band 9	17,124.399	7.97	136,481
	Band 17	101,667.408	7.99	812,323
	Band 19	3,490.455	7.98	27,854
	Band 20	50,906.671	7.96	405,217
	Band 22	2,086.745	7.95	16,590
	Band 24	134,862.496	7.98	1,076,203
	Band 25	100,377.649	7.97	800,010
	Band 27	59,747.118	7.94	474,392
	Band 28	3,475.171	7.94	27,593
	Band 34	83,865.096	8.01	671,759
	Band 35	33,095.205	7.99	264,431
		722,847.905		$ 5,770,033
	Columbia Small Cap Value Fund, Variable Series - Class B
	Contracts in accumulation period:
	Band 1	1,516.303	$ 9.15	$ 13,874
	Band 3	121.697	9.10	1,107
	Band 6	19,699.005	9.15	180,246
	Band 8	46.431	9.05	420
	Band 9	1,922.782	8.98	17,267
	Band 10	173.641	8.93	1,551
	Band 17	24,219.529	9.08	219,913
	Band 19	639.878	9.03	5,778
	Band 20	8,596.380	8.91	76,594
	Band 24	28,740.269	9.01	258,950
	Band 25	4,033.691	8.95	36,102
	Band 26	2,236.630	8.90	19,906
		91,946.236		$ 831,708

116


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
Fidelity® VIP Equity-Income Portfolio - Service Class 2
Contracts in accumulation period:
Band 5	6,136.140	$ 7.84	$ 48,107
Band 6	105,146.737	7.72	811,733
Band 8	32,297.826	7.55	243,849
Band 9	98,655.165	7.44	733,994
Band 10	490.141	7.35	3,603
Band 17	97,341.633	7.55	734,929
Band 19	6,209.555	7.50	46,572
Band 20	18,281.875	7.38	134,920
Band 22	2,952.950	7.33	21,645
Band 24	57,819.876	7.48	432,493
Band 25	37,459.877	7.41	277,578
Band 28	1,557.345	7.27	11,322
Band 30	65,985.647	5.67	374,139
Band 31	87,200.349	5.65	492,682
	617,535.116		$ 4,367,566
Fidelity® VIP Contrafund® Portfolio - Service Class 2
Contracts in accumulation period:
Band 1	1,948.010	$ 8.64	$ 16,831
Band 3	1,152.130	8.59	9,897
Band 5	11,828.601	10.53	124,555
Band 6	452,705.484	10.37	4,694,556
Band 7	1,599.938	10.26	16,415
Band 8	33,344.791	10.14	338,116
Band 9	175,122.042	9.99	1,749,469
Band 10	1,388.627	9.88	13,720
Band 17	438,607.743	9.31	4,083,438
Band 19	26,279.933	9.25	243,089
Band 20	150,445.260	9.11	1,370,556
Band 22	5,528.393	9.05	50,032
Band 24	254,080.796	9.23	2,345,166
Band 25	183,368.787	9.15	1,677,824
Band 26	10,233.035	9.09	93,018
Band 27	23,586.788	8.99	212,045
Band 28	52,202.132	8.97	468,253
Band 29	1,719.657	8.91	15,322
Band 30	267,449.732	6.39	1,709,004
Band 31	234,592.995	6.37	1,494,357
Band 34	34,818.188	6.29	219,006
Band 35	28,474.478	6.27	178,535
	2,390,477.540		$ 21,123,204
Franklin Small Cap Value Securities Fund - Class 2
Contracts in accumulation period:
Band 30	33,740.887	$ 6.47	$ 218,304
Band 31	52,830.254	6.45	340,755
	86,571.141		$ 559,059

117


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING AllianceBernstein Mid Cap Growth Portfolio - Service
Class
Contracts in accumulation period:
Band 1	4,770.658	$ 12.20	$ 58,202
Band 3	16,315.183	11.97	195,293
Band 6	77,683.262	7.36	571,749
Band 8	1,615.420	7.28	11,760
Band 9	31,841.794	7.23	230,216
Band 10	161.061	7.19	1,158
Band 17	107,743.468	7.31	787,605
Band 19	1,748.680	7.27	12,713
Band 20	10,252.272	7.17	73,509
Band 22	1,388.227	7.13	9,898
Band 24	39,943.080	7.25	289,587
Band 25	38,852.106	7.20	279,735
Band 26	7,954.814	7.16	56,956
Band 27	2,538.511	7.09	17,998
Band 28	2,268.818	7.08	16,063
Band 34	1,274.130	5.76	7,339
	346,351.484		$ 2,619,781
ING American Funds Asset Allocation Portfolio
Contracts in accumulation period:
Band 6	11,165.308	$ 7.20	$ 80,390
Band 9	4,520.993	7.17	32,416
Band 17	67,517.967	7.19	485,454
Band 20	16,314.711	7.16	116,813
Band 24	45,567.071	7.18	327,172
Band 25	49,622.226	7.17	355,791
Band 26	12,791.529	7.16	91,587
Band 27	8,946.870	7.15	63,970
Band 28	8,285.217	7.14	59,156
Band 34	25,289.722	7.20	182,086
Band 35	10,987.672	7.19	79,001
	261,009.286		$ 1,873,836

118


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING American Funds Bond Portfolio
Contracts in accumulation period:
Band 6	346,093.512	$ 8.86	$ 3,066,389
Band 8	652.506	8.84	5,768
Band 9	49,467.678	8.82	436,305
Band 17	131,457.451	8.84	1,162,084
Band 19	381.210	8.83	3,366
Band 20	69,463.639	8.80	611,280
Band 22	5,197.598	8.79	45,687
Band 24	113,979.587	8.83	1,006,440
Band 25	201,095.800	8.81	1,771,654
Band 26	5,895.593	8.80	51,881
Band 27	36,835.093	8.78	323,412
Band 28	14,229.269	8.77	124,791
Band 30	137,886.158	8.88	1,224,429
Band 31	65,527.676	8.87	581,230
Band 34	10,744.256	8.96	96,269
Band 35	8,774.768	8.94	78,446
	1,197,681.794		$ 10,589,431
ING American Funds Growth Portfolio
Contracts in accumulation period:
Band 1	1,140.475	$ 8.94	$ 10,196
Band 2	400.840	6.63	2,658
Band 3	8,772.632	8.87	77,813
Band 5	10,817.844	9.04	97,793
Band 6	973,551.116	8.94	8,703,547
Band 7	9.005	8.87	80
Band 8	11,249.474	8.80	98,995
Band 9	203,233.587	8.70	1,768,132
Band 10	5,984.679	8.63	51,648
Band 17	994,914.082	8.38	8,337,380
Band 19	41,611.771	8.33	346,626
Band 20	231,948.022	8.20	1,901,974
Band 22	90,878.426	8.14	739,750
Band 24	527,907.669	8.31	4,386,913
Band 25	662,264.181	8.23	5,450,434
Band 26	18,139.317	8.18	148,380
Band 27	41,374.879	8.09	334,723
Band 28	47,646.828	8.07	384,510
Band 30	178,359.041	5.87	1,046,968
Band 31	78,704.569	5.85	460,422
Band 34	12,532.370	5.92	74,192
Band 35	12,874.399	5.91	76,088
	4,154,315.206		$ 34,499,222

119


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING American Funds Growth-Income Portfolio
Contracts in accumulation period:
Band 1	1,361.479	$ 8.84	$ 12,035
Band 2	331.316	7.13	2,362
Band 3	15,518.734	8.76	135,944
Band 5	8,886.906	8.93	79,360
Band 6	562,553.192	8.84	4,972,970
Band 8	9,774.617	8.70	85,039
Band 9	164,440.077	8.60	1,414,185
Band 10	8,938.573	8.53	76,246
Band 17	689,189.604	8.01	5,520,409
Band 19	43,327.268	7.95	344,452
Band 20	113,983.531	7.83	892,491
Band 22	12,581.737	7.78	97,886
Band 24	374,043.817	7.93	2,966,167
Band 25	514,997.347	7.87	4,053,029
Band 26	10,486.260	7.81	81,898
Band 27	21,961.854	7.73	169,765
Band 28	38,916.436	7.71	300,046
Band 30	54,024.106	6.23	336,570
Band 31	45,213.710	6.21	280,777
Band 34	5,669.534	6.56	37,192
Band 35	6,707.550	6.54	43,867
	2,702,907.648		$ 21,902,690
ING American Funds International Portfolio
Contracts in accumulation period:
Band 1	472.774	$ 12.73	$ 6,018
Band 2	178.313	8.28	1,476
Band 3	4,404.404	12.63	55,628
Band 5	671.163	12.87	8,638
Band 6	273,601.296	12.73	3,482,944
Band 7	13.154	12.63	166
Band 8	2,939.387	12.53	36,831
Band 9	74,083.559	12.40	918,636
Band 10	1,894.473	12.30	23,302
Band 17	447,504.445	10.67	4,774,872
Band 19	25,258.545	10.60	267,741
Band 20	86,930.164	10.44	907,551
Band 22	7,897.839	10.37	81,901
Band 24	288,031.798	10.58	3,047,376
Band 25	369,005.443	10.49	3,870,867
Band 26	17,780.344	10.42	185,271
Band 27	19,339.459	10.30	199,196
Band 28	36,741.212	10.28	377,700
Band 29	139.032	10.21	1,420
Band 30	161,533.523	6.60	1,066,121
Band 31	166,038.336	6.58	1,092,532
Band 34	13,144.150	6.28	82,545
Band 35	2,264.171	6.27	14,196
	1,999,866.984		$ 20,502,928

120


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING BlackRock Large Cap Growth Portfolio - Service Class
Contracts in accumulation period:
Band 1	823.061	$ 7.81	$ 6,428
Band 3	2,957.350	7.77	22,979
Band 5	1,886.038	7.87	14,843
Band 6	88,481.871	7.81	691,043
Band 8	472.752	7.73	3,654
Band 9	21,325.129	7.67	163,564
Band 17	51,777.070	7.76	401,790
Band 19	722.486	7.71	5,570
Band 20	8,468.457	7.61	64,445
Band 22	4,009.517	7.57	30,352
Band 24	16,130.260	7.70	124,203
Band 25	11,137.052	7.64	85,087
Band 26	254.613	7.60	1,935
Band 27	2,291.856	7.52	17,235
Band 28	1,360.370	7.51	10,216
Band 30	628.072	6.36	3,995
Band 34	543.842	6.73	3,660
Band 35	4,382.641	6.72	29,451
	217,652.437		$ 1,680,450
ING BlackRock Large Cap Value Portfolio - Service Class
Contracts in accumulation period:
Band 6	18,270.930	$ 8.46	$ 154,572
Band 9	2,452.916	8.31	20,384
Band 17	12,706.504	8.40	106,735
Band 20	2,052.285	8.24	16,911
Band 24	9,105.356	8.34	75,939
Band 26	705.375	8.23	5,805
Band 27	1,019.625	8.15	8,310
	46,312.991		$ 388,656
ING Evergreen Health Sciences Portfolio - Service Class
Contracts in accumulation period:
Band 1	542.170	$ 9.57	$ 5,189
Band 5	3,475.067	9.27	32,214
Band 6	154,641.871	9.18	1,419,612
Band 8	4,059.968	9.05	36,743
Band 9	23,335.330	8.97	209,318
Band 17	110,625.805	9.92	1,097,408
Band 19	2,245.363	9.86	22,139
Band 20	20,618.321	9.70	199,998
Band 22	210.942	9.64	2,033
Band 24	53,837.593	9.83	529,224
Band 25	33,271.638	9.75	324,398
Band 26	751.589	9.68	7,275
Band 27	35,883.680	9.58	343,766
Band 28	2,346.896	9.55	22,413
Band 34	300.354	7.55	2,268
	446,146.587		$ 4,253,998

121


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Evergreen Omega Portfolio - Service Class
Contracts in accumulation period:
Band 5	1,062.550	$ 8.95	$ 9,510
Band 6	7,130.892	8.86	63,180
Band 8	490.490	8.74	4,287
Band 9	830.882	8.66	7,195
Band 17	9,266.461	9.45	87,568
Band 20	61.258	9.24	566
Band 24	458.327	9.36	4,290
Band 31	3,031.027	7.48	22,672
	22,331.887		$ 199,268
ING FMR^SMDiversified Mid Cap Portfolio - Service Class
Contracts in accumulation period:
Band 1	6,748.572	$ 10.16	$ 68,565
Band 3	116,078.614	10.03	1,164,268
Band 6	131,939.619	9.03	1,191,415
Band 8	617.742	8.93	5,516
Band 9	39,804.313	8.87	353,064
Band 17	128,284.548	8.96	1,149,430
Band 19	2,700.513	8.91	24,062
Band 20	32,504.258	8.80	286,037
Band 22	1,718.440	8.75	15,036
Band 24	99,182.557	8.90	882,725
Band 25	128,865.675	8.83	1,137,884
Band 26	1,787.929	8.78	15,698
Band 27	5,154.615	8.70	44,845
Band 28	18,487.824	8.68	160,474
Band 34	167.713	6.56	1,100
	714,042.932		$ 6,500,119
ING Focus 5 Portfolio - Service Class
Contracts in accumulation period:
Band 6	21,430.308	$ 5.59	$ 119,795
Band 8	656.039	5.57	3,654
Band 9	9,528.210	5.56	52,977
Band 17	62,523.170	5.58	348,879
Band 20	352.980	5.54	1,956
Band 24	40,929.027	5.56	227,565
Band 25	16,790.164	5.55	93,185
Band 27	32,899.056	5.52	181,603
Band 28	17,010.592	5.51	93,728
Band 31	4,591.699	6.41	29,433
Band 35	19,531.422	6.26	122,267
	226,242.667		$ 1,275,042

122


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Franklin Income Portfolio - Service Class
Contracts in accumulation period:
Band 3	722.508	$ 7.71	$ 5,571
Band 6	290,277.814	7.74	2,246,750
Band 8	4,974.879	7.68	38,207
Band 9	89,829.157	7.64	686,295
Band 10	3,798.614	7.61	28,907
Band 17	191,170.318	7.70	1,472,011
Band 19	9,984.229	7.67	76,579
Band 20	56,147.275	7.60	426,719
Band 22	266.775	7.57	2,019
Band 24	317,206.702	7.66	2,429,803
Band 25	143,230.698	7.62	1,091,418
Band 26	3,727.922	7.59	28,295
Band 27	21,112.484	7.54	159,188
Band 28	34,313.005	7.52	258,034
Band 34	5,428.932	7.25	39,360
Band 35	12,771.840	7.23	92,340
	1,184,963.152		$ 9,081,496
ING Franklin Mutual Shares Portfolio - Service Class
Contracts in accumulation period:
Band 5	2,263.620	$ 7.34	$ 16,615
Band 6	195,494.832	7.31	1,429,067
Band 8	2,968.347	7.27	21,580
Band 9	39,062.730	7.25	283,205
Band 10	1,457.086	7.23	10,535
Band 17	89,133.266	7.29	649,782
Band 19	8,051.304	7.27	58,533
Band 20	9,955.470	7.22	71,878
Band 22	1,685.877	7.21	12,155
Band 24	148,151.722	7.26	1,075,582
Band 25	103,386.500	7.24	748,518
Band 26	3,298.310	7.22	23,814
Band 27	11,397.695	7.19	81,949
Band 28	18,975.610	7.18	136,245
Band 34	1,114.374	6.63	7,388
Band 35	23,746.112	6.61	156,962
	660,142.855		$ 4,783,808

123


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Franklin Templeton Founding Strategy Portfolio - Service
Class
Contracts in accumulation period:
Band 6	193,792.663	$ 6.11	$ 1,184,073
Band 9	85,822.776	6.06	520,086
Band 10	3,099.950	6.04	18,724
Band 17	425,218.036	6.09	2,589,578
Band 19	31,638.318	6.07	192,045
Band 20	81,079.240	6.03	488,908
Band 22	2,305.899	6.02	13,882
Band 24	342,974.806	6.07	2,081,857
Band 25	202,954.608	6.04	1,225,846
Band 26	35,908.899	6.03	216,531
Band 27	70,379.080	6.00	422,274
Band 28	29,040.513	6.00	174,243
Band 31	2,294.933	6.72	15,422
Band 34	88,421.613	6.82	603,035
Band 35	38,345.407	6.80	260,749
	1,633,276.741		$ 10,007,253
ING Global Real Estate Portfolio - Service Class
Contracts in accumulation period:
Band 6	88,338.181	$ 7.24	$ 639,568
Band 7	63.404	7.21	457
Band 8	221.909	7.18	1,593
Band 9	23,960.298	7.14	171,077
Band 17	65,349.894	7.20	470,519
Band 19	11,264.116	7.17	80,764
Band 20	23,106.369	7.10	164,055
Band 22	4,154.103	7.08	29,411
Band 24	45,328.779	7.16	324,554
Band 25	136,050.910	7.12	968,682
Band 26	1,804.709	7.09	12,795
Band 27	26,067.928	7.05	183,779
Band 28	20,226.523	7.04	142,395
Band 30	87,459.295	5.70	498,518
Band 31	104,982.562	5.69	597,351
Band 34	1,128.354	6.21	7,007
Band 35	773.380	6.19	4,787
	640,280.714		$ 4,297,312

124


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Global Resources Portfolio - Service Class
Contracts in accumulation period:
Band 1	888.629	$ 28.35	$ 25,193
Band 3	2,347.788	27.51	64,588
Band 5	1,530.741	12.41	18,996
Band 6	142,019.009	12.31	1,748,254
Band 8	1,269.333	12.18	15,460
Band 9	135,835.324	12.09	1,642,249
Band 17	180,126.722	12.22	2,201,149
Band 19	13,105.492	12.15	159,232
Band 20	47,914.452	11.99	574,494
Band 22	3,224.870	11.93	38,473
Band 24	122,531.687	12.13	1,486,309
Band 25	92,631.011	12.04	1,115,277
Band 26	6,250.061	11.97	74,813
Band 27	44,003.773	11.86	521,885
Band 28	6,095.971	11.83	72,115
Band 29	139.373	11.77	1,640
Band 34	1,856.265	6.20	11,509
Band 35	2,563.945	6.19	15,871
	804,334.446		$ 9,787,507
ING International Growth Opportunities Portfolio - Service
Class
Contracts in accumulation period:
Band 3	19,605.379	$ 7.58	$ 148,609

ING Janus Contrarian Portfolio - Service Class
Contracts in accumulation period:
Band 1	368.659	$ 8.74	$ 3,222
Band 3	76,639.283	8.63	661,397
Band 5	2,098.460	9.68	20,313
Band 6	252,270.948	9.59	2,419,278
Band 7	23.739	9.52	226
Band 9	25,796.691	9.37	241,715
Band 17	131,642.107	9.84	1,295,358
Band 19	9,305.362	9.78	91,006
Band 20	21,710.974	9.63	209,077
Band 22	1,108.844	9.56	10,601
Band 24	85,188.480	9.76	831,440
Band 25	65,097.162	9.67	629,490
Band 26	3,003.639	9.61	28,865
Band 27	5,338.317	9.50	50,714
Band 28	27,779.628	9.48	263,351
Band 34	36,313.874	5.30	192,464
Band 35	8,165.989	5.29	43,198
	751,852.156		$ 6,991,715

125


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING JPMorgan Emerging Markets Equity Portfolio - Service
Class
Contracts in accumulation period:
Band 1	2,589.522	$ 12.42	$ 32,162
Band 3	9,932.040	12.22	121,370
Band 5	1,605.579	12.22	19,620
Band 6	234,749.800	12.13	2,847,515
Band 7	986.148	12.06	11,893
Band 8	2,429.628	11.99	29,131
Band 9	46,736.534	11.90	556,165
Band 10	155.484	11.84	1,841
Band 17	158,066.153	12.04	1,903,116
Band 19	21,523.814	11.97	257,640
Band 20	39,217.703	11.81	463,161
Band 22	2,234.564	11.75	26,256
Band 24	108,079.868	11.95	1,291,554
Band 25	182,754.232	11.86	2,167,465
Band 26	8,494.555	11.79	100,151
Band 27	33,931.872	11.68	396,324
Band 28	11,675.297	11.65	136,017
Band 29	240.350	11.59	2,786
Band 30	78,727.317	5.05	397,573
Band 31	88,909.345	5.04	448,103
Band 34	10,652.140	5.29	56,350
Band 35	2,067.545	5.28	10,917
	1,045,759.490		$ 11,277,110
ING JPMorgan Small Cap Core Equity Portfolio - Service Class
Contracts in accumulation period:
Band 5	960.358	$ 10.39	$ 9,978
Band 6	85,644.177	10.25	877,853
Band 8	1,446.415	10.05	14,536
Band 9	12,694.041	9.91	125,798
Band 17	109,823.919	9.31	1,022,461
Band 19	3,233.377	9.25	29,909
Band 20	19,352.835	9.10	176,111
Band 22	5,334.680	9.04	48,226
Band 24	52,719.577	9.23	486,602
Band 25	103,343.096	9.14	944,556
Band 26	159.599	9.08	1,449
Band 27	1,296.785	8.98	11,645
Band 28	2,384.092	8.96	21,361
	398,392.951		$ 3,770,485

126


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING JPMorgan Value Opportunities Portfolio - Service Class
Contracts in accumulation period:
Band 5	1,420.757	$ 7.42	$ 10,542
Band 6	63,628.003	7.36	468,302
Band 8	6,135.341	7.28	44,665
Band 9	16,301.441	7.23	117,859
Band 17	21,770.234	7.31	159,140
Band 19	9,006.836	7.27	65,480
Band 20	3,801.593	7.17	27,257
Band 22	407.000	7.13	2,902
Band 24	8,812.066	7.25	63,887
Band 25	8,563.932	7.20	61,660
Band 26	810.788	7.16	5,805
Band 27	1,030.140	7.09	7,304
Band 28	3,530.701	7.08	24,997
	145,218.832		$ 1,059,800
ING Julius Baer Foreign Portfolio - Service Class
Contracts in accumulation period:
Band 3	1,931.742	$ 9.64	$ 18,622
Band 6	242,281.901	11.56	2,800,779
Band 8	2,436.301	11.33	27,603
Band 9	21,895.234	11.18	244,789
Band 17	307,199.200	11.04	3,391,479
Band 19	9,399.353	10.97	103,111
Band 20	36,639.753	10.80	395,709
Band 22	5,687.786	10.73	61,030
Band 24	165,283.395	10.94	1,808,200
Band 25	229,399.371	10.85	2,488,983
Band 26	7,788.695	10.77	83,884
Band 27	2,031.598	10.66	21,657
Band 28	12,344.587	10.63	131,223
Band 29	527.586	10.56	5,571
Band 34	399.924	6.16	2,464
Band 35	32,299.309	6.14	198,318
	1,077,545.735		$ 11,783,422

127


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Legg Mason Value Portfolio - Service Class
Contracts in accumulation period:
Band 3	5,275.546	$ 4.27	$ 22,527
Band 5	4,449.684	4.40	19,579
Band 6	199,556.503	4.33	864,080
Band 8	3,902.799	4.22	16,470
Band 9	29,379.949	4.15	121,927
Band 17	120,320.047	5.14	618,445
Band 19	132.673	5.11	678
Band 20	31,068.400	5.03	156,274
Band 22	8,841.450	5.00	44,207
Band 24	134,437.508	5.10	685,631
Band 25	58,920.739	5.05	297,550
Band 26	8,259.890	5.02	41,465
Band 27	499.928	4.97	2,485
Band 28	708.507	4.95	3,507
Band 31	3,460.875	4.32	14,951
	609,214.498		$ 2,909,776
ING LifeStyle Aggressive Growth Portfolio - Service Class
Contracts in accumulation period:
Band 6	774,501.582	$ 8.20	$ 6,350,913
Band 8	3,519.752	8.09	28,475
Band 9	105,232.201	8.01	842,910
Band 17	667,728.476	8.29	5,535,469
Band 19	38,136.618	8.23	313,864
Band 20	52,952.351	8.11	429,444
Band 22	3,437.178	8.05	27,669
Band 24	404,523.884	8.22	3,325,186
Band 25	203,262.889	8.14	1,654,560
Band 26	7,427.853	8.09	60,091
Band 27	16,875.824	8.00	135,007
Band 28	43,909.599	7.98	350,399
Band 34	14,501.329	6.27	90,923
Band 35	40,214.270	6.26	251,741
	2,376,223.806		$ 19,396,651

128


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING LifeStyle Growth Portfolio - Service Class
Contracts in accumulation period:
Band 5	882.878	$ 8.70	$ 7,681
Band 6	1,501,518.374	8.62	12,943,088
Band 8	2,363.988	8.50	20,094
Band 9	186,057.863	8.42	1,566,607
Band 10	9,238.129	8.36	77,231
Band 17	1,861,862.715	8.63	16,067,875
Band 19	113,738.578	8.57	974,740
Band 20	205,597.979	8.44	1,735,247
Band 22	20,809.499	8.38	174,384
Band 24	1,516,040.887	8.55	12,962,150
Band 25	1,005,220.873	8.48	8,524,273
Band 26	83,389.648	8.42	702,141
Band 27	132,546.066	8.33	1,104,109
Band 28	223,052.923	8.31	1,853,570
Band 34	41,656.759	6.69	278,684
Band 35	67,934.055	6.68	453,799
	6,971,911.214		$ 59,445,673
ING LifeStyle Moderate Growth Portfolio - Service Class
Contracts in accumulation period:
Band 5	19,773.642	$ 9.06	$ 179,149
Band 6	1,868,732.583	8.97	16,762,531
Band 7	689.475	8.91	6,143
Band 8	43,033.498	8.85	380,846
Band 9	271,202.128	8.77	2,378,443
Band 17	2,076,177.439	8.93	18,540,265
Band 19	181,889.318	8.87	1,613,358
Band 20	358,613.858	8.74	3,134,285
Band 22	8,587.422	8.68	74,539
Band 24	1,632,503.260	8.85	14,447,654
Band 25	729,481.650	8.77	6,397,554
Band 26	48,000.593	8.72	418,565
Band 27	154,503.676	8.62	1,331,822
Band 28	82,557.501	8.60	709,995
Band 34	104,638.206	7.10	742,931
Band 35	24,110.038	7.09	170,940
	7,604,494.287		$ 67,289,020

129


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING LifeStyle Moderate Portfolio - Service Class
Contracts in accumulation period:
Band 3	16,608.045	$ 8.91	$ 147,978
Band 4	2,656.843	8.34	22,158
Band 5	1,983.913	9.49	18,827
Band 6	602,631.223	9.40	5,664,733
Band 7	591.981	9.34	5,529
Band 8	23,285.128	9.27	215,853
Band 9	185,161.274	9.19	1,701,632
Band 10	2,130.247	9.12	19,428
Band 17	838,059.282	9.27	7,768,810
Band 19	65,398.385	9.21	602,319
Band 20	154,137.904	9.06	1,396,489
Band 22	27,883.599	9.00	250,952
Band 24	617,039.612	9.19	5,670,594
Band 25	824,195.422	9.10	7,500,178
Band 26	57,447.875	9.04	519,329
Band 27	129,468.415	8.94	1,157,448
Band 28	64,389.938	8.92	574,358
Band 29	7,688.877	8.86	68,123
Band 34	123,116.262	7.59	934,452
Band 35	161,263.446	7.57	1,220,764
	3,905,137.671		$ 35,459,954
ING Limited Maturity Bond Portfolio - Service Class
Contracts in accumulation period:
Band 1	4,959.449	$ 22.16	$ 109,901
Band 3	14,983.496	21.50	322,145
	19,942.945		$ 432,046
ING Liquid Assets Portfolio - Service Class
Contracts in accumulation period:
Band 1	14,752.944	$ 17.65	$ 260,389
Band 3	62,954.688	17.12	1,077,784
Band 4	3,951.271	10.15	40,105
Band 5	58,286.540	18.35	1,069,558
Band 6	320,053.400	17.65	5,648,943
Band 7	20,123.776	17.12	344,519
Band 8	196,907.488	16.61	3,270,633
Band 9	465,880.345	15.95	7,430,792
Band 10	55,556.367	15.48	860,013
Band 17	572,999.167	10.91	6,251,421
Band 19	29,542.837	10.83	319,949
Band 20	298,443.881	10.67	3,184,396
Band 22	19,925.499	10.60	211,210
Band 24	702,458.255	10.81	7,593,574
Band 25	737,971.352	10.72	7,911,053
Band 26	80,612.997	10.64	857,722
Band 27	240,712.829	10.53	2,534,706

130


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Liquid Assets Portfolio - Service Class (continued)
Band 28	30,856.267	$ 10.50	$ 323,991
Band 29	4,806.066	10.43	50,127
Band 30	92,175.272	10.29	948,484
Band 31	388.604	10.26	3,987
Band 34	180,318.802	10.09	1,819,417
Band 35	25,075.881	10.07	252,514
	4,214,754.528		$ 52,265,287
ING Lord Abbett Affiliated Portfolio - Service Class
Contracts in accumulation period:
Band 3	6,163.293	$ 8.77	$ 54,052
Band 6	4,456.513	9.40	41,891
Band 17	11,804.195	8.37	98,801
Band 19	3,108.486	8.32	25,863
Band 24	3,093.004	8.30	25,672
Band 25	1,346.091	8.23	11,078
	29,971.582		$ 257,357
ING Marsico Growth Portfolio - Service Class
Contracts in accumulation period:
Band 1	11,668.924	$ 11.45	$ 133,609
Band 3	150,937.493	11.23	1,695,028
Band 6	123,543.103	8.31	1,026,643
Band 8	236.777	8.19	1,939
Band 9	34,277.228	8.12	278,331
Band 10	169.122	8.06	1,363
Band 17	143,261.785	8.39	1,201,966
Band 19	3,861.969	8.33	32,170
Band 20	10,198.491	8.21	83,730
Band 22	367.355	8.15	2,994
Band 24	71,236.212	8.32	592,685
Band 25	55,063.792	8.24	453,726
Band 26	6,907.444	8.19	56,572
Band 27	8,834.601	8.10	71,560
Band 28	13,238.290	8.08	106,965
Band 34	2,351.991	6.56	15,429
Band 35	3,157.044	6.55	20,679
	639,311.621		$ 5,775,389

131


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Marsico International Opportunities Portfolio - Service
Class
Contracts in accumulation period:
Band 3	12,071.957	$ 8.99	$ 108,527
Band 5	1,219.488	9.10	11,097
Band 6	173,267.074	9.04	1,566,334
Band 7	231.374	8.99	2,080
Band 8	1,699.432	8.94	15,193
Band 9	29,419.092	8.87	260,947
Band 17	63,983.673	8.97	573,934
Band 19	11,909.020	8.92	106,228
Band 20	21,344.190	8.80	187,829
Band 22	892.448	8.75	7,809
Band 24	92,850.994	8.90	826,374
Band 25	87,338.271	8.84	772,070
Band 26	4,715.061	8.79	41,445
Band 27	1,244.823	8.71	10,842
Band 28	9,149.494	8.69	79,509
Band 29	1,638.186	8.64	14,154
Band 30	56,208.373	5.28	296,780
Band 31	74,576.867	5.28	393,766
Band 34	1,853.456	5.57	10,324
	645,613.273		$ 5,285,242
ING MFS Total Return Portfolio - Service Class
Contracts in accumulation period:
Band 1	3,974.071	$ 21.79	$ 86,595
Band 2	5,631.337	21.79	122,707
Band 3	36,459.310	21.33	777,677
Band 4	24,830.357	21.33	529,632
Band 5	3,722.203	22.43	83,489
Band 6	73,725.840	21.79	1,606,486
Band 8	13,742.201	20.88	286,937
Band 9	32,916.806	20.29	667,882
Band 10	1,431.493	19.86	28,429
Band 17	119,316.434	9.43	1,125,154
Band 19	17,159.753	9.37	160,787
Band 20	67,210.587	9.23	620,354
Band 22	4,896.002	9.17	44,896
Band 24	171,931.614	9.35	1,607,561
Band 25	100,308.484	9.27	929,860
Band 26	5,390.036	9.21	49,642
Band 27	10,017.970	9.10	91,164
Band 28	12,649.651	9.08	114,859
Band 30	19,119.494	7.88	150,662
Band 31	3,331.690	7.86	26,187
Band 34	2,275.094	8.02	18,246
Band 35	1,577.085	8.00	12,617
	731,617.512		$ 9,141,823

132


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING MFS Utilities Portfolio - Service Class
Contracts in accumulation period:
Band 1	101.545	$ 11.40	$ 1,158
Band 3	443.189	11.34	5,026
Band 6	181,270.205	11.40	2,066,480
Band 7	10.765	11.34	122
Band 8	4,965.874	11.28	56,015
Band 9	40,913.856	11.19	457,826
Band 17	152,192.148	11.32	1,722,815
Band 19	12,238.554	11.26	137,806
Band 20	31,594.926	11.11	351,020
Band 22	3,369.298	11.05	37,231
Band 24	59,136.649	11.23	664,105
Band 25	53,671.977	11.15	598,443
Band 26	1,482.316	11.09	16,439
Band 27	17,065.168	10.98	187,376
Band 28	7,769.039	10.96	85,149
Band 30	33,634.098	6.35	213,577
Band 31	91,382.729	6.35	580,280
Band 34	720.881	6.56	4,729
Band 35	1,189.061	6.55	7,788
	693,152.278		$ 7,193,385
ING Multi-Manager International Small Cap Portfolio - Class S
Contracts in accumulation period:
Band 6	18,576.822	$ 5.35	$ 99,386
Band 17	1,032.275	5.35	5,523
Band 20	6,469.221	5.33	34,481
Band 24	3,670.069	5.34	19,598
Band 25	721.499	5.33	3,846
Band 27	1,457.688	5.32	7,755
Band 34	715.043	5.36	3,833
	32,642.617		$ 174,422
ING Oppenheimer Main Street Portfolio® - Service Class
Contracts in accumulation period:
Band 1	1,595.800	$ 15.52	$ 24,767
Band 2	13,047.829	15.52	202,502
Band 3	15,656.593	15.20	237,980
Band 4	28,005.488	15.20	425,683
Band 5	662.856	15.98	10,592
Band 6	31,304.945	15.52	485,853
Band 8	6,542.903	14.88	97,358
Band 9	36,437.252	14.45	526,518
Band 17	75,492.923	8.14	614,512
Band 19	4,667.308	8.09	37,759
Band 20	13,243.662	7.96	105,420
Band 22	3,228.549	7.91	25,538
Band 24	24,689.115	8.07	199,241
Band 25	268,739.860	8.00	2,149,919
Band 27	5,310.662	7.86	41,742
Band 28	12,233.541	7.84	95,911
	540,859.286		$ 5,281,295

133


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING PIMCO Core Bond Portfolio - Service Class
Contracts in accumulation period:
Band 1	8,810.486	$ 15.91	$ 140,175
Band 3	13,314.807	15.57	207,312
Band 5	6,600.239	16.38	108,112
Band 6	297,313.819	15.91	4,730,263
Band 7	3,438.873	15.57	53,543
Band 8	14,030.130	15.25	213,959
Band 9	128,706.528	14.82	1,907,431
Band 10	8,226.797	14.50	119,289
Band 17	604,820.832	11.61	7,021,970
Band 19	36,065.795	11.54	416,199
Band 20	251,257.680	11.36	2,854,287
Band 22	11,396.250	11.29	128,664
Band 24	317,913.659	11.51	3,659,186
Band 25	667,100.850	11.41	7,611,621
Band 26	12,609.640	11.34	142,993
Band 27	51,296.658	11.21	575,036
Band 28	131,317.455	11.18	1,468,129
Band 30	20,790.836	10.86	225,788
Band 34	21,946.598	10.04	220,344
Band 35	45,912.750	10.02	460,046
	2,652,870.682		$ 32,264,347
ING PIMCO High Yield Portfolio - Service Class
Contracts in accumulation period:
Band 1	2,348.371	$ 9.33	$ 21,910
Band 3	40,676.239	9.26	376,662
Band 5	2,074.046	9.42	19,538
Band 6	100,970.194	9.33	942,052
Band 8	7,102.799	9.20	65,346
Band 9	29,426.677	9.11	268,077
Band 10	888.238	9.05	8,039
Band 17	129,112.410	8.98	1,159,429
Band 19	7,689.723	8.92	68,592
Band 20	47,575.453	8.78	417,712
Band 22	961.073	8.72	8,381
Band 24	68,448.872	8.90	609,195
Band 25	56,269.036	8.82	496,293
Band 26	4,790.854	8.76	41,968
Band 27	19,138.084	8.67	165,927
Band 28	3,657.249	8.65	31,635
Band 30	5,836.462	7.98	46,575
Band 31	8,593.776	7.96	68,406
	535,559.556		$ 4,815,737

134


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Pioneer Fund Portfolio - Service Class
Contracts in accumulation period:
Band 6	3,793.186	$ 8.48	$ 32,166
Band 8	25.317	8.38	212
Band 9	852.510	8.32	7,093
Band 17	6,776.023	8.41	56,986
Band 19	491.449	8.37	4,113
Band 20	503.636	8.26	4,160
Band 24	3,573.892	8.35	29,842
Band 25	3,445.005	8.29	28,559
Band 27	1,998.777	8.16	16,310
Band 30	3,853.514	6.71	25,857
	25,313.309		$ 205,298
ING Pioneer Mid Cap Value Portfolio - Service Class
Contracts in accumulation period:
Band 1	8,446.975	$ 8.33	$ 70,363
Band 3	31,608.182	8.28	261,716
Band 6	214,684.391	8.33	1,788,321
Band 8	337.877	8.24	2,784
Band 9	28,955.814	8.18	236,859
Band 10	188.690	8.13	1,534
Band 17	203,910.296	8.27	1,686,338
Band 19	2,594.719	8.22	21,329
Band 20	39,530.587	8.11	320,593
Band 22	3,309.347	8.07	26,706
Band 24	74,566.080	8.20	611,442
Band 25	43,087.753	8.14	350,734
Band 26	10,354.877	8.10	83,875
Band 27	4,393.448	8.02	35,235
Band 28	4,536.426	8.01	36,337
Band 29	1,399.828	7.96	11,143
Band 30	49,011.483	6.71	328,867
Band 31	57,907.166	6.69	387,399
	778,823.939		$ 6,261,575

135


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING T. Rowe Price Capital Appreciation Portfolio - Service
Class
Contracts in accumulation period:
Band 1	2,963.633	$ 36.14	$ 107,106
Band 3	10,972.174	35.06	384,684
Band 5	1,472.838	9.27	13,653
Band 6	882,397.261	9.20	8,118,055
Band 8	6,119.173	9.10	55,684
Band 9	57,845.509	9.03	522,345
Band 17	483,335.987	9.13	4,412,858
Band 19	26,541.313	9.08	240,995
Band 20	146,472.766	8.96	1,312,396
Band 22	5,702.618	8.91	50,810
Band 24	288,035.723	9.06	2,609,604
Band 25	119,972.170	8.99	1,078,550
Band 26	14,330.243	8.94	128,112
Band 27	5,989.431	8.86	53,066
Band 28	24,039.050	8.84	212,505
Band 30	26,484.942	7.23	191,486
Band 34	63,638.571	7.41	471,562
	2,166,313.402		$ 19,963,471
ING T. Rowe Price Equity Income Portfolio - Service Class
Contracts in accumulation period:
Band 1	2,218.277	$ 22.85	$ 50,688
Band 3	10,775.818	22.17	238,900
Band 6	169,512.402	8.73	1,479,843
Band 8	975.857	8.61	8,402
Band 9	45,745.770	8.53	390,211
Band 10	491.776	8.47	4,165
Band 17	109,113.756	8.53	930,740
Band 19	12,121.296	8.47	102,667
Band 20	24,786.939	8.34	206,723
Band 22	2,851.779	8.29	23,641
Band 24	114,726.883	8.45	969,442
Band 25	250,965.074	8.38	2,103,087
Band 26	5,279.799	8.32	43,928
Band 27	2,204.569	8.23	18,144
Band 28	8,562.728	8.21	70,300
Band 30	39,463.598	6.52	257,303
Band 31	42,708.738	6.50	277,607
Band 34	1,680.479	6.77	11,377
Band 35	4,019.925	6.76	27,175
	848,205.463		$ 7,214,343




136


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Templeton Global Growth Portfolio - Service Class
Contracts in accumulation period:
Band 1	5,163.006	$ 16.27	$ 84,002
Band 3	21,695.954	15.88	344,532
Band 6	132,519.563	8.35	1,106,538
Band 8	16,839.142	8.26	139,091
Band 9	75,590.629	8.19	619,087
Band 17	82,347.474	8.29	682,661
Band 19	7,639.981	8.24	62,953
Band 20	7,560.710	8.13	61,469
Band 22	2,029.503	8.09	16,419
Band 24	94,304.876	8.22	775,186
Band 25	110,865.936	8.16	904,666
Band 26	931.696	8.12	7,565
Band 27	4,042.955	8.04	32,505
Band 28	11,277.283	8.02	90,444
Band 34	1,883.945	6.57	12,378
Band 35	481.261	6.56	3,157
	575,173.914		$ 4,942,653
ING Van Kampen Capital Growth Portfolio - Service Class
Contracts in accumulation period:
Band 5	3,627.807	$ 7.86	$ 28,515
Band 6	30,798.371	7.80	240,227
Band 8	4,801.319	7.71	37,018
Band 9	13,856.856	7.65	106,005
Band 17	5,185.986	7.74	40,140
Band 19	614.190	7.69	4,723
Band 20	2,021.017	7.59	15,340
Band 22	455.310	7.55	3,438
Band 24	5,394.178	7.68	41,427
Band 25	881.866	7.62	6,720
Band 28	222.394	7.49	1,666
Band 30	500.338	5.36	2,682
Band 31	1,345.267	5.35	7,197
	69,704.899		$ 535,098

137


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Van Kampen Global Franchise Portfolio - Service Class
Contracts in accumulation period:
Band 1	118.601	$ 9.76	$ 1,158
Band 3	786.228	9.71	7,634
Band 6	30,191.422	9.76	294,668
Band 9	4,369.468	9.58	41,860
Band 17	50,112.482	9.69	485,590
Band 19	238.559	9.63	2,297
Band 20	26,358.371	9.51	250,668
Band 24	95,482.226	9.62	918,539
Band 25	60,005.991	9.54	572,457
Band 26	403.224	9.49	3,827
Band 27	34,541.822	9.40	324,693
Band 28	3,217.443	9.38	30,180
Band 35	22,177.760	7.61	168,773
	328,003.597		$ 3,102,344
ING Van Kampen Growth and Income Portfolio - Service Class
Contracts in accumulation period:
Band 1	2,550.539	$ 22.16	$ 56,520
Band 2	569.938	7.70	4,389
Band 3	26,000.933	21.66	563,180
Band 6	48,457.402	8.64	418,672
Band 8	1,029.881	8.54	8,795
Band 9	10,945.196	8.48	92,815
Band 10	146.868	8.43	1,238
Band 17	35,635.818	8.58	305,755
Band 19	2,822.150	8.53	24,073
Band 20	3,694.379	8.42	31,107
Band 22	200.900	8.37	1,682
Band 24	27,035.364	8.51	230,071
Band 25	8,511.641	8.45	71,923
Band 26	7,198.864	8.40	60,470
Band 28	46.488	8.30	386
Band 34	455.326	7.21	3,283
	175,301.687		$ 1,874,359

138


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Van Kampen Real Estate Portfolio - Service Class
Contracts in accumulation period:
Band 1	1,730.725	$ 40.99	$ 70,942
Band 3	1,058.779	39.77	42,108
Band 5	528.655	10.86	5,741
Band 6	120,926.846	10.76	1,301,173
Band 8	255.822	10.61	2,714
Band 9	11,635.351	10.51	122,288
Band 17	76,435.007	9.10	695,559
Band 19	8,538.783	9.04	77,191
Band 20	24,966.797	8.90	222,204
Band 22	550.820	8.84	4,869
Band 24	46,533.879	9.02	419,736
Band 25	31,463.272	8.94	281,282
Band 26	9,139.422	8.88	81,158
Band 27	3,984.647	8.78	34,985
Band 28	3,049.993	8.76	26,718
Band 29	435.890	8.71	3,797
	341,234.688		$ 3,392,465
ING VP Index Plus International Equity Portfolio - Service
Class
Contracts in accumulation period:
Band 3	3,559.501	$ 7.52	$ 26,767
Band 5	987.189	7.60	7,503
Band 6	114,504.621	7.55	864,510
Band 8	67.103	7.48	502
Band 9	11,622.003	7.44	86,468
Band 17	24,365.884	7.51	182,988
Band 19	813.938	7.47	6,080
Band 20	2,727.321	7.39	20,155
Band 24	13,701.728	7.46	102,215
Band 25	4,225.484	7.41	31,311
Band 26	936.757	7.38	6,913
Band 27	883.012	7.32	6,464
Band 30	33,735.556	6.01	202,751
Band 31	51,129.820	6.00	306,779
	263,259.917		$ 1,851,406
ING Wells Fargo Small Cap Disciplined Portfolio - Service Class
Contracts in accumulation period:
Band 1	453.563	$ 7.25	$ 3,288
Band 6	11,468.924	7.25	83,150
Band 9	1,420.601	7.14	10,143
Band 17	6,169.874	7.20	44,423
Band 19	531.190	7.17	3,809
Band 20	1,519.020	7.09	10,770
Band 24	7,622.480	7.16	54,577
Band 25	161.568	7.11	1,149
	29,347.220		$ 211,309

139


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING American Century Large Company Value Portfolio -
Service Class
Contracts in accumulation period:
Band 30	15,713.919	$ 6.17	$ 96,955
Band 31	18,638.790	6.15	114,629
	34,352.709		$ 211,584
ING American Century Small-Mid Cap Value Portfolio - Service
Class
Contracts in accumulation period:
Band 30	10,217.993	$ 7.03	$ 71,832
Band 31	12,780.241	7.01	89,589
	22,998.234		$ 161,421
ING Baron Small Cap Growth Portfolio - Service Class
Contracts in accumulation period:
Band 3	604.327	$ 7.58	$ 4,581
Band 5	381.211	7.68	2,928
Band 6	242,330.667	7.62	1,846,560
Band 8	663.906	7.54	5,006
Band 9	13,823.139	7.48	103,397
Band 10	181.957	7.44	1,354
Band 17	238,972.336	7.56	1,806,631
Band 19	9,459.691	7.52	71,137
Band 20	40,636.779	7.42	301,525
Band 22	3,615.224	7.38	26,680
Band 24	112,852.907	7.51	847,525
Band 25	64,892.397	7.45	483,448
Band 26	5,608.857	7.41	41,562
Band 27	4,247.162	7.34	31,174
Band 28	13,458.346	7.32	98,515
Band 30	27,452.726	6.05	166,089
Band 31	24,774.338	6.04	149,637
Band 34	1,306.859	6.39	8,351
Band 35	471.328	6.37	3,002
	805,734.157		$ 5,999,102
ING Columbia Small Cap Value II Portfolio - Service Class
Contracts in accumulation period:
Band 6	105,154.859	$ 6.66	$ 700,331
Band 8	562.728	6.61	3,720
Band 9	6,368.212	6.57	41,839
Band 17	90,622.496	6.63	600,827
Band 19	2,699.195	6.60	17,815
Band 20	26,915.037	6.54	176,024
Band 22	938.539	6.51	6,110
Band 24	95,818.320	6.59	631,443
Band 25	60,889.137	6.55	398,824
Band 26	5,492.132	6.53	35,864
Band 27	10,537.429	6.48	68,283
Band 28	18,358.719	6.47	118,781
Band 29	863.769	6.45	5,571
Band 34	1,470.795	7.06	10,384
Band 35	2,912.389	7.04	20,503
	429,603.756		$ 2,836,319

140


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Davis New York Venture Portfolio - Service Class
Contracts in accumulation period:
Band 6	198,967.493	$ 6.88	$ 1,368,896
Band 9	38,966.674	6.77	263,804
Band 17	257,658.971	6.84	1,762,387
Band 19	653.465	6.80	4,444
Band 20	46,882.624	6.73	315,520
Band 22	8,369.913	6.70	56,078
Band 24	210,617.339	6.79	1,430,092
Band 25	338,279.664	6.75	2,283,388
Band 26	5,858.295	6.72	39,368
Band 27	7,475.418	6.67	49,861
Band 28	11,328.117	6.65	75,332
Band 30	11,242.212	6.28	70,601
Band 31	20,145.799	6.26	126,113
Band 34	9,602.828	6.46	62,034
Band 35	5,620.625	6.45	36,253
	1,171,669.437		$ 7,944,171
ING JPMorgan Mid Cap Value Portfolio - Service Class
Contracts in accumulation period:
Band 5	1,120.517	$ 11.71	$ 13,121
Band 6	39,177.481	11.55	452,500
Band 7	90.063	11.44	1,030
Band 8	5,562.096	11.32	62,963
Band 9	12,691.337	11.17	141,762
Band 10	1,270.533	11.06	14,052
Band 17	9,416.003	9.14	86,062
Band 19	3,206.160	9.08	29,112
Band 20	2,944.478	8.94	26,324
Band 24	4,020.701	9.06	36,428
Band 25	17,273.715	8.98	155,118
Band 26	570.610	8.92	5,090
Band 27	2,836.678	8.82	25,019
Band 28	3,357.894	8.80	29,549
Band 30	6,661.820	6.77	45,101
Band 31	17,883.154	6.75	120,711
Band 34	3,155.257	6.92	21,834
Band 35	4,110.834	6.91	28,406
	135,349.331		$ 1,294,182

141


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Legg Mason Partners Aggressive Growth Portfolio -
Service Class
Contracts in accumulation period:
Band 5	574.740	$ 8.18	$ 4,701
Band 6	21,404.143	8.09	173,160
Band 8	1,673.035	7.97	13,334
Band 9	6,098.532	7.88	48,056
Band 17	37,344.368	7.59	283,444
Band 19	491.134	7.54	3,703
Band 20	4,816.790	7.42	35,741
Band 22	393.746	7.37	2,902
Band 24	37,951.283	7.52	285,394
Band 25	31,893.252	7.46	237,924
Band 26	7,647.414	7.41	56,667
Band 28	943.535	7.31	6,897
	151,231.972		$ 1,151,923
ING Neuberger Berman Partners Portfolio - Service Class
Contracts in accumulation period:
Band 1	816.716	$ 5.32	$ 4,345
Band 3	16,663.936	5.30	88,319
Band 6	12,208.992	5.32	64,952
Band 9	8,940.145	5.25	46,936
Band 17	20,800.363	5.29	110,034
Band 19	1,345.890	5.27	7,093
Band 20	5,303.824	5.22	27,686
Band 24	5,475.975	5.26	28,804
Band 25	665.736	5.23	3,482
Band 26	801.134	5.21	4,174
	73,022.711		$ 385,825
ING Oppenheimer Global Portfolio - Initial Class
Contracts in accumulation period:
Band 5	3,547.786	$ 8.75	$ 31,043
Band 6	1,959.662	8.68	17,010
Band 8	2,271.559	8.59	19,513
Band 9	2,921.704	8.52	24,893
Band 17	3,124.374	8.62	26,932
Band 19	799.499	8.57	6,852
Band 20	1,672.303	8.46	14,148
Band 24	516.790	8.56	4,424
Band 25	720.953	8.49	6,121
	17,534.630		$ 150,936

142


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Oppenheimer Global Portfolio - Service Class
Contracts in accumulation period:
Band 3	2,847.326	$ 8.54	$ 24,316
Band 5	811.091	10.00	8,111
Band 6	160,981.070	9.86	1,587,273
Band 8	16,629.184	9.67	160,804
Band 9	79,076.580	9.54	754,391
Band 17	125,344.178	9.29	1,164,447
Band 19	9,447.004	9.23	87,196
Band 20	44,536.601	9.08	404,392
Band 22	4,534.327	9.02	40,900
Band 24	167,424.491	9.20	1,540,305
Band 25	55,416.072	9.12	505,395
Band 26	9,090.954	9.06	82,364
Band 27	11,655.849	8.96	104,436
Band 28	6,234.176	8.94	55,734
Band 30	16,688.225	6.22	103,801
Band 31	30,803.063	6.20	190,979
Band 34	8,145.102	6.54	53,269
Band 35	936.727	6.52	6,107
	750,602.020		$ 6,874,220
ING Oppenheimer Strategic Income Portfolio - Service Class
Contracts in accumulation period:
Band 30	3,926.036	$ 8.82	$ 34,628
Band 31	6,114.302	8.80	53,806
	10,040.338		$ 88,434
ING PIMCO Total Return Portfolio - Service Class
Contracts in accumulation period:
Band 30	7,984.032	$ 10.49	$ 83,752
Band 31	2,617.981	10.46	27,384
	10,602.013		$ 111,136
ING Solution 2015 Portfolio - Service Class
Contracts in accumulation period:
Band 31	3,425.243	$ 7.52	$ 25,758

ING Solution 2025 Portfolio - Service Class
Contracts in accumulation period:
Band 30	37,522.833	$ 6.88	$ 258,157
Band 31	74,724.955	6.86	512,613
	112,247.788		$ 770,770
ING Solution 2035 Portfolio - Service Class
Contracts in accumulation period:
Band 30	3,591.956	$ 6.62	$ 23,779
Band 31	8,048.670	6.60	53,121
	11,640.626		$ 76,900

143


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Solution 2045 Portfolio - Service Class
Contracts in accumulation period:
Band 30	2,140.627	$ 6.38	$ 13,657

ING Solution Income Portfolio - Service Class
Contracts in accumulation period:
Band 30	4,485.532	$ 8.53	$ 38,262
Band 31	1,510.255	8.51	12,852
	5,995.787		$ 51,114
ING T. Rowe Price Diversified Mid Cap Growth Portfolio -
Service Class
Contracts in accumulation period:
Band 30	50,073.613	$ 6.07	$ 303,947
Band 31	14,718.018	6.06	89,191
	64,791.631		$ 393,138
ING T. Rowe Price Growth Equity Portfolio - Service Class
Contracts in accumulation period:
Band 6	29,692.441	$ 5.80	$ 172,216
Band 9	1,770.746	5.75	10,182
Band 17	58,690.692	5.78	339,232
Band 19	896.012	5.76	5,161
Band 20	6,524.586	5.73	37,386
Band 22	2,850.478	5.71	16,276
Band 24	4,800.182	5.76	27,649
Band 25	1,834.188	5.74	10,528
Band 28	227.626	5.69	1,295
Band 30	22,801.323	6.16	140,456
Band 31	51,027.523	6.14	313,309
Band 34	1,608.465	6.35	10,214
	182,724.262		$ 1,083,904
ING Templeton Foreign Equity Portfolio - Service Class
Contracts in accumulation period:
Band 3	2,834.353	$ 7.44	$ 21,088
Band 5	1,868.875	7.51	14,035
Band 6	146,340.335	7.47	1,093,162
Band 8	42,256.502	7.41	313,121
Band 9	197,567.860	7.37	1,456,075
Band 17	184,556.826	7.43	1,371,257
Band 19	6,691.145	7.40	49,514
Band 20	24,304.330	7.33	178,151
Band 22	1,225.779	7.30	8,948
Band 24	95,856.915	7.39	708,383
Band 25	71,558.241	7.35	525,953
Band 26	2,609.835	7.32	19,104
Band 27	6,628.916	7.27	48,192
Band 28	772.656	7.26	5,609
Band 30	23,547.309	6.25	147,171
Band 31	15,267.696	6.24	95,270
Band 34	674.900	6.51	4,394
Band 35	471.470	6.49	3,060
	825,033.943		$ 6,062,487

144


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Thornburg Value Portfolio - Initial Class
Contracts in accumulation period:
Band 9	235.307	$ 6.09	$ 1,433

ING Thornburg Value Portfolio - Service Class
Contracts in accumulation period:
Band 30	2,444.268	$ 6.15	$ 15,032
Band 31	9,241.219	6.13	56,649
	11,685.487		$ 71,681
ING UBS U.S. Large Cap Equity Portfolio - Service Class
Contracts in accumulation period:
Band 5	598.275	$ 8.10	$ 4,846
Band 6	15,641.168	8.02	125,442
Band 8	148.947	7.91	1,178
Band 9	2,011.546	7.84	15,771
Band 17	18,310.663	7.93	145,204
Band 20	2,060.383	7.75	15,968
Band 22	35.836	7.70	276
Band 24	7,152.613	7.86	56,220
Band 25	1,265.036	7.79	9,855
Band 26	584.833	7.74	4,527
Band 30	10,419.003	6.00	62,514
Band 31	11,413.331	5.99	68,366
	69,641.634		$ 510,167
ING Van Kampen Comstock Portfolio - Service Class
Contracts in accumulation period:
Band 5	6,488.901	$ 8.80	$ 57,102
Band 6	74,744.423	8.68	648,782
Band 8	8,115.565	8.51	69,063
Band 9	4,865.107	8.39	40,818
Band 17	88,035.809	7.82	688,440
Band 19	9,704.089	7.77	75,401
Band 20	56,759.167	7.65	434,208
Band 22	5,448.861	7.60	41,411
Band 24	81,053.628	7.76	628,976
Band 25	80,115.320	7.69	616,087
Band 26	3,031.009	7.64	23,157
Band 27	1,915.779	7.55	14,464
Band 28	1,460.016	7.53	10,994
Band 29	1,862.070	7.48	13,928
Band 30	279.321	6.14	1,715
	423,879.065		$ 3,364,546

145


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Van Kampen Equity and Income Portfolio - Service Class
Contracts in accumulation period:
Band 1	617.172	$ 9.29	$ 5,734
Band 3	13,737.753	9.24	126,937
Band 6	36,969.751	9.29	343,449
Band 8	3,023.621	9.19	27,787
Band 9	26,993.636	9.12	246,182
Band 10	994.112	9.07	9,017
Band 17	14,338.897	9.22	132,205
Band 19	1,898.074	9.17	17,405
Band 20	38,316.011	9.05	346,760
Band 22	3,362.232	9.00	30,260
Band 24	31,158.668	9.15	285,102
Band 25	11,383.401	9.08	103,361
Band 27	733.925	8.95	6,569
Band 28	7,599.410	8.93	67,863
Band 30	30,607.499	7.71	235,984
Band 31	6,066.234	7.69	46,649
Band 34	5,431.265	7.89	42,853
Band 35	1,598.230	7.87	12,578
	234,829.891		$ 2,086,695
ING VP Strategic Allocation Growth Portfolio - Class S
Contracts in accumulation period:
Band 30	4,335.279	$ 6.66	$ 28,873
Band 31	6,738.557	6.64	44,744
	11,073.836		$ 73,617
ING VP Strategic Allocation Moderate Portfolio - Class S
Contracts in accumulation period:
Band 30	1,821.472	$ 7.21	$ 13,133
Band 31	1,407.249	7.19	10,118
	3,228.721		$ 23,251
ING VP Growth and Income Portfolio - Class I
Contracts in accumulation period:
Band 2	51,310.759	$ 6.14	$ 315,048
Band 4	129,813.574	6.12	794,459
	181,124.333		$ 1,109,507

146


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING VP Growth and Income Portfolio - Class S
Contracts in accumulation period:
Band 1	5,280.953	$ 6.11	$ 32,267
Band 3	22,651.207	6.10	138,172
Band 6	23,802.512	6.11	145,433
Band 9	1,117.224	6.08	6,793
Band 17	24,504.264	6.10	149,476
Band 20	146.216	6.06	886
Band 24	31,211.913	6.09	190,081
Band 25	394.356	6.07	2,394
Band 26	379.092	6.06	2,297
Band 28	1,018.114	6.04	6,149
Band 30	7,103.014	6.63	47,093
Band 31	4,939.781	6.61	32,652
Band 34	256.047	6.55	1,677
	122,804.693		$ 755,370
ING GET U.S. Core Portfolio - Series 3
Contracts in accumulation period:
Band 5	12,977.791	$ 10.19	$ 132,244
Band 6	16,430.599	10.08	165,620
Band 7	3,660.156	10.00	36,602
Band 8	102,528.215	9.93	1,018,105
Band 9	83,215.182	9.83	818,005
Band 10	14,972.091	9.75	145,978
	233,784.034		$ 2,316,554
ING GET U.S. Core Portfolio - Series 4
Contracts in accumulation period:
Band 5	49,258.534	$ 10.44	$ 514,259
Band 6	1,339.926	10.34	13,855
Band 8	126,890.458	10.19	1,293,014
Band 9	66,375.278	10.09	669,727
Band 10	13,361.588	10.02	133,883
	257,225.784		$ 2,624,738
ING GET U.S. Core Portfolio - Series 5
Contracts in accumulation period:
Band 5	14,678.647	$ 10.65	$ 156,328
Band 6	48,209.933	10.56	509,097
Band 8	105,894.212	10.41	1,102,359
Band 9	117,309.949	10.32	1,210,639
Band 10	8.345	10.25	86
Band 17	8,710.615	10.48	91,287
	294,811.701		$ 3,069,796

147


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING GET U.S. Core Portfolio - Series 6
Contracts in accumulation period:
Band 5	5,873.481	$ 10.42	$ 61,202
Band 6	12,639.561	10.33	130,567
Band 8	4,355.082	10.20	44,422
Band 9	62,836.240	10.11	635,274
Band 17	7,562.483	10.24	77,440
Band 20	41,310.927	10.02	413,935
Band 22	2,079.193	9.95	20,688
	136,656.967		$ 1,383,528
ING GET U.S. Core Portfolio - Series 7
Contracts in accumulation period:
Band 6	45,213.980	$ 10.32	$ 466,608
Band 8	83.348	10.20	850
Band 9	185,462.132	10.12	1,876,877
Band 17	7,366.900	10.24	75,437
Band 20	25,234.945	10.03	253,106
	263,361.305		$ 2,672,878
ING GET U.S. Core Portfolio - Series 8
Contracts in accumulation period:
Band 6	10,136.434	$ 10.28	$ 104,203
Band 8	1,055.869	10.16	10,728
Band 9	13,695.409	10.08	138,050
Band 10	2,625.730	10.02	26,310
Band 20	10,113.680	10.00	101,137
	37,627.122		$ 380,428
ING GET U.S. Core Portfolio - Series 9
Contracts in accumulation period:
Band 5	39.520	$ 10.34	$ 409
Band 8	11,807.072	10.16	119,960
Band 9	439.044	10.08	4,426
Band 17	3,982.604	10.19	40,583
Band 20	6,815.045	10.01	68,219
	23,083.285		$ 233,597
ING GET U.S. Core Portfolio - Series 10
Contracts in accumulation period:
Band 5	19,319.123	$ 10.41	$ 201,112
Band 8	70,077.365	10.24	717,592
Band 9	393.673	10.17	4,004
	89,790.161		$ 922,708
ING GET U.S. Core Portfolio - Series 11
Contracts in accumulation period:
Band 5	5,253.440	$ 10.58	$ 55,581
Band 6	2,060.243	10.51	21,653
Band 8	2,127.295	10.42	22,166
Band 9	4,318.526	10.35	44,697
Band 17	10,097.033	10.45	105,514
	23,856.537		$ 249,611

148


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING GET U.S. Core Portfolio - Series 12
Contracts in accumulation period:
Band 8	148.991	$ 10.37	$ 1,545
Band 9	5,031.912	10.31	51,879
Band 20	257.141	10.25	2,636
	5,438.044		$ 56,060
ING GET U.S. Core Portfolio - Series 13
Contracts in accumulation period:
Band 9	59,392.840	$ 10.33	$ 613,528
Band 17	5,358.477	10.41	55,782
Band 20	4,008.030	10.28	41,203
	68,759.347		$ 710,513
ING GET U.S. Core Portfolio - Series 14
Contracts in accumulation period:
Band 5	9,253.712	$ 10.42	$ 96,424
Band 8	60,944.229	10.31	628,335
Band 9	331,233.096	10.27	3,401,764
Band 10	34,160.192	10.24	349,800
Band 17	4,867.046	10.33	50,277
Band 19	6,001.755	10.30	61,818
Band 20	482,846.885	10.23	4,939,524
Band 22	13,389.292	10.20	136,571
	942,696.207		$ 9,664,513
ING BlackRock Global Science and Technology Portfolio -
Class S
Contracts in accumulation period:
Band 1	1,360.874	$ 6.51	$ 8,859
Band 6	49,136.293	6.51	319,877
Band 9	18,702.530	6.49	121,379
Band 17	85,039.543	6.50	552,757
Band 19	5,610.398	6.49	36,411
Band 20	37,329.452	6.48	241,895
Band 22	1,454.978	6.47	9,414
Band 24	19,254.918	6.49	124,964
Band 25	23,374.082	6.48	151,464
Band 27	21,258.909	6.46	137,333
Band 28	4,373.220	6.46	28,251
Band 30	8,521.896	6.57	55,989
Band 31	27,139.098	6.55	177,761
Band 34	663.061	6.51	4,317
Band 35	1,741.769	6.50	11,321
	304,961.021		$ 1,981,992

149


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING International Index Portfolio - Class S
Contracts in accumulation period:
Band 6	73,107.858	$ 6.07	$ 443,765
Band 17	9,412.436	6.06	57,039
Band 20	3,846.863	6.04	23,235
Band 24	1,946.041	6.05	11,774
Band 25	3,342.853	6.04	20,191
Band 27	2,598.174	6.03	15,667
Band 28	580.023	6.02	3,492
Band 34	777.799	6.08	4,729
	95,612.047		$ 579,892
ING Lehman Brothers U.S. Aggregate Bond Index® Portfolio -
Class S
Contracts in accumulation period:
Band 5	61.897	$ 10.23	$ 633
Band 6	23,801.134	10.21	243,010
Band 8	4,531.979	10.19	46,181
Band 9	16,431.183	10.17	167,105
Band 17	62,689.255	10.20	639,430
Band 19	114.049	10.19	1,162
Band 20	1,074.978	10.16	10,922
Band 24	31,535.264	10.18	321,029
Band 25	56,918.050	10.17	578,857
Band 26	664.616	10.15	6,746
Band 27	8,617.058	10.14	87,377
Band 28	1,460.615	10.13	14,796
Band 30	6,106.969	10.23	62,474
Band 34	9,618.240	10.22	98,298
Band 35	5,685.702	10.20	57,994
	229,310.989		$ 2,336,014
ING Opportunistic Large Cap Growth Portfolio - Class S
Contracts in accumulation period:
Band 30	2,027.411	$ 6.40	$ 12,975
Band 31	1,130.508	6.38	7,213
	3,157.919		$ 20,188
ING Opportunistic Large Cap Value Portfolio - Class S
Contracts in accumulation period:
Band 6	240.296	$ 6.80	$ 1,634
Band 8	3,163.729	6.65	21,039
Band 9	6,175.589	6.55	40,450
Band 17	2,561.823	8.27	21,186
Band 20	2.714	8.09	22
Band 24	1,900.545	8.20	15,584
Band 31	2,070.889	6.64	13,751
	16,115.585		$ 113,666

150


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING Russell™ Large Cap Index Portfolio - Class S
Contracts in accumulation period:
Band 6	46,480.781	$ 6.72	$ 312,351
Band 9	1,728.846	6.69	11,566
Band 17	20,816.398	6.71	139,678
Band 24	7,080.490	6.70	47,439
Band 25	4,624.858	6.69	30,940
Band 27	407.054	6.67	2,715
Band 28	1,016.775	6.67	6,782
Band 34	450.882	6.72	3,030
Band 35	2,887.633	6.71	19,376
	85,493.717		$ 573,877
ING Russell™ Mid Cap Index Portfolio - Class S
Contracts in accumulation period:
Band 6	18,432.674	$ 6.14	$ 113,177
Band 9	4,309.928	6.11	26,334
Band 17	12,198.055	6.13	74,774
Band 20	5,947.470	6.11	36,339
Band 24	14,831.497	6.12	90,769
Band 25	15,316.655	6.11	93,585
Band 26	2,147.910	6.10	13,102
Band 27	6,231.532	6.09	37,950
Band 28	772.550	6.09	4,705
Band 34	2,589.147	6.14	15,897
	82,777.418		$ 506,632
ING Russell™ Small Cap Index Portfolio - Class S
Contracts in accumulation period:
Band 3	623.671	$ 6.97	$ 4,347
Band 5	3,530.555	6.99	24,679
Band 6	18,746.302	6.98	130,849
Band 8	2,217.925	6.96	15,437
Band 9	2,244.676	6.95	15,600
Band 10	1,817.490	6.94	12,613
Band 17	17,996.086	6.97	125,433
Band 20	11,997.602	6.94	83,263
Band 22	665.003	6.93	4,608
Band 24	22,873.126	6.96	159,197
Band 25	18,555.508	6.95	128,961
Band 26	1,887.932	6.94	13,102
Band 27	7,988.385	6.93	55,360
Band 28	4,013.156	6.92	27,771
Band 34	4,163.958	6.98	29,064
Band 35	466.019	6.97	3,248
	119,787.394		$ 833,532

151


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING VP Index Plus LargeCap Portfolio - Class S
Contracts in accumulation period:
Band 5	9,181.016	$ 7.47	$ 68,582
Band 6	69,344.378	7.35	509,681
Band 7	117.898	7.27	857
Band 8	7,387.637	7.19	53,117
Band 9	16,265.172	7.08	115,157
Band 10	282.584	7.00	1,978
Band 17	130,726.933	8.16	1,066,732
Band 19	564.830	8.11	4,581
Band 20	12,041.335	7.98	96,090
Band 22	74.895	7.93	594
Band 24	51,490.441	8.09	416,558
Band 25	53,311.465	8.02	427,558
Band 26	3,317.335	7.97	26,439
Band 27	2,348.439	7.88	18,506
Band 29	1,812.286	7.81	14,154
Band 30	20,792.263	6.54	135,981
Band 31	48,867.293	6.52	318,615
	427,926.200		$ 3,275,180
ING VP Index Plus MidCap Portfolio - Class S
Contracts in accumulation period:
Band 2	100.291	$ 6.87	$ 689
Band 5	3,194.138	9.83	31,398
Band 6	99,125.250	9.69	960,524
Band 8	7,723.818	9.47	73,145
Band 9	21,398.000	9.33	199,643
Band 10	139.114	9.23	1,284
Band 17	145,961.974	8.54	1,246,515
Band 19	3,608.552	8.48	30,601
Band 20	18,851.566	8.35	157,411
Band 22	1,196.666	8.30	9,932
Band 24	107,420.105	8.46	908,774
Band 25	61,399.883	8.39	515,145
Band 26	2,902.827	8.33	24,181
Band 27	15,101.653	8.24	124,438
Band 28	1,315.757	8.22	10,816
Band 29	1,732.430	8.17	14,154
Band 30	39,604.683	6.40	253,470
Band 31	59,588.716	6.38	380,176
	590,365.423		$ 4,942,296

152


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING VP Index Plus SmallCap Portfolio - Class S
Contracts in accumulation period:
Band 2	103.609	$ 6.65	$ 689
Band 3	364.436	7.69	2,803
Band 5	218.148	10.16	2,216
Band 6	58,407.086	10.01	584,655
Band 7	489.991	9.90	4,851
Band 8	9,696.454	9.79	94,928
Band 9	26,983.784	9.64	260,124
Band 17	139,819.548	8.36	1,168,891
Band 19	3,357.869	8.31	27,904
Band 20	4,597.641	8.18	37,609
Band 22	671.742	8.13	5,461
Band 24	123,576.690	8.29	1,024,451
Band 25	60,492.304	8.22	497,247
Band 26	2,477.788	8.16	20,219
Band 27	14,825.737	8.07	119,644
Band 28	1,786.398	8.05	14,381
Band 29	1,769.244	8.00	14,154
Band 30	25,629.606	6.35	162,748
Band 31	53,749.021	6.33	340,231
	529,017.096		$ 4,383,206
ING VP Small Company Portfolio - Class S
Contracts in accumulation period:
Band 6	4,432.007	$ 7.16	$ 31,733
Band 9	8,988.442	7.13	64,088
Band 17	9,211.309	7.15	65,861
Band 19	375.287	7.14	2,680
Band 20	15,089.708	7.12	107,439
Band 22	382.799	7.11	2,722
Band 24	3,732.801	7.14	26,652
Band 25	5,441.506	7.13	38,798
Band 27	2,180.900	7.11	15,506
Band 28	840.611	7.10	5,968
Band 30	69,652.082	6.91	481,296
Band 31	43,677.618	6.89	300,939
Band 34	40.425	7.16	289
Band 35	3,537.124	7.15	25,290
	167,582.619		$ 1,169,261

153


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING WisdomTree^SMGlobal High-Yielding Equity Index
Portfolio - Class S
Contracts in accumulation period:
Band 6	177,688.036	$ 6.09	$ 1,082,120
Band 7	84.265	6.08	512
Band 8	932.010	6.07	5,657
Band 9	70,653.944	6.06	428,163
Band 17	88,281.763	6.08	536,753
Band 19	3,794.654	6.07	23,034
Band 20	10,048.727	6.05	60,795
Band 22	1,607.003	6.04	9,706
Band 24	82,764.832	6.06	501,555
Band 25	115,459.413	6.05	698,529
Band 26	10,846.237	6.04	65,511
Band 27	3,586.176	6.03	21,625
Band 28	6,176.070	6.03	37,242
Band 34	8,781.125	6.01	52,775
Band 35	12,715.372	6.00	76,292
	593,419.627		$ 3,600,269
ING VP International Value Portfolio - Class S
Contracts in accumulation period:
Band 30	37,900.264	$ 6.44	$ 244,078
Band 31	61,249.330	6.42	393,221
	99,149.594		$ 637,299
ING VP MidCap Opportunities Portfolio - Class S
Contracts in accumulation period:
Band 1	13,148.261	$ 6.66	$ 87,567
Band 2	3,560.931	6.48	23,075
Band 3	74,622.290	6.58	491,015
Band 4	33,889.872	6.48	219,606
Band 6	78,698.551	6.48	509,967
Band 9	1,737.608	6.46	11,225
Band 17	84,001.714	6.47	543,491
Band 19	908.417	6.47	5,877
Band 20	14,489.978	6.45	93,460
Band 24	25,348.271	6.46	163,750
Band 25	7,176.913	6.45	46,291
Band 27	1,137.413	6.44	7,325
Band 28	591.914	6.43	3,806
Band 30	40,413.299	7.15	288,955
Band 31	78,663.945	7.13	560,874
Band 34	39.499	6.83	270
Band 35	701.938	6.82	4,787
	459,130.814		$ 3,061,341

154


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
ING VP SmallCap Opportunities Portfolio - Class S
Contracts in accumulation period:
Band 6	8,649.279	$ 9.32	$ 80,611
Band 9	482.664	9.15	4,416
Band 10	110.542	9.10	1,006
Band 17	10,346.947	9.25	95,709
Band 20	4,850.629	9.08	44,044
Band 24	3,417.385	9.18	31,372
Band 25	3,681.285	9.11	33,537
Band 26	2,101.845	9.06	19,043
Band 30	18,152.072	6.67	121,074
Band 31	30,121.651	6.65	200,309
	81,914.299		$ 631,121
ING VP Balanced Portfolio - Class S
Contracts in accumulation period:
Band 5	835.983	$ 7.77	$ 6,496
Band 8	4,302.698	7.66	32,959
Band 9	1,867.843	7.62	14,233
Band 17	2,067.342	7.68	15,877
Band 19	391.761	7.65	2,997
Band 20	2,919.953	7.58	22,133
Band 24	224.631	7.64	1,716
Band 30	5,825.901	7.40	43,112
Band 31	4,962.018	7.38	36,620
	23,398.130		$ 176,143
ING VP Intermediate Bond Portfolio - Class S
Contracts in accumulation period:
Band 2	151.896	$ 9.72	$ 1,476
Band 6	176,738.498	9.76	1,724,968
Band 7	303.643	9.70	2,945
Band 9	41,886.391	9.58	401,272
Band 17	192,435.349	9.68	1,862,774
Band 19	30,952.244	9.63	298,070
Band 20	82,690.647	9.50	785,561
Band 22	4,169.620	9.45	39,403
Band 24	177,463.082	9.61	1,705,420
Band 25	222,391.622	9.54	2,121,616
Band 26	2,514.105	9.48	23,834
Band 27	19,541.151	9.40	183,687
Band 28	54,486.435	9.38	511,083
Band 30	264,146.924	9.26	2,446,001
Band 31	380,581.720	9.24	3,516,575
Band 34	679.544	8.91	6,055
Band 35	3,124.350	8.89	27,775
	1,654,257.221		$ 15,658,515

155


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
Legg Mason Partners Variable International All Cap
Opportunity Portfolio
Contracts in accumulation period:
Band 2	2,447.227	$ 10.52	$ 25,745
Band 4	7,206.548	10.31	74,300
	9,653.775		$ 100,045
Legg Mason Partners Variable Investors Portfolio
Contracts in accumulation period:
Band 2	13,958.231	$ 6.19	$ 86,401
Band 4	31,103.741	6.17	191,910
	45,061.972		$ 278,311
Legg Mason Partners Variable Lifestyle Allocation 50%
Contracts in accumulation period:
Band 2	25,637.657	$ 11.82	$ 303,037
Band 4	81,569.536	11.61	947,022
	107,207.193		$ 1,250,059
Legg Mason Partners Variable Lifestyle Allocation 70%
Contracts in accumulation period:
Band 2	9,255.773	$ 10.06	$ 93,113
Band 4	37,380.720	9.88	369,322
	46,636.493		$ 462,435
Legg Mason Partners Variable Lifestyle Allocation 85%
Contracts in accumulation period:
Band 2	4,650.691	$ 9.80	$ 45,577
Band 4	18,515.291	9.62	178,117
	23,165.982		$ 223,694
Legg Mason Partners Variable High Income Portfolio
Contracts in accumulation period:
Band 2	6,161.154	$ 11.92	$ 73,441
Band 4	3,627.362	11.67	42,331
	9,788.516		$ 115,772
Legg Mason Partners Variable Money Market Portfolio
Contracts in accumulation period:
Band 2	2,342.820	$ 13.83	$ 32,401
Band 4	5,359.422	13.54	72,567
	7,702.242		$ 104,968
Oppenheimer Main Street Small Cap Fund®/VA - Service Class
Contracts in accumulation period:
Band 30	7,411.538	$ 6.11	$ 45,284
Band 31	4,561.322	6.09	27,778
	11,972.860		$ 73,062
PIMCO Real Return Portfolio - Administrative Class
Contracts in accumulation period:
Band 30	5,411.233	$ 9.86	$ 53,355
Band 31	9,063.224	9.83	89,091
	14,474.457		$ 142,446

156


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



Division/Contract	Units	Unit Value	Extended Value
Pioneer Equity Income VCT Portfolio - Class II
Contracts in accumulation period:
Band 30	109,250.625	$ 6.86	$ 749,459
Band 31	77,346.228	6.85	529,822
	186,596.853		$ 1,279,281
Pioneer Small Cap Value VCT Portfolio - Class II
Contracts in accumulation period:
Band 5	1,413.995	$ 6.03	$ 8,526
Band 6	788.905	5.99	4,726
Band 8	2,763.477	5.95	16,443
Band 9	3,024.213	5.92	17,903
Band 17	2,419.740	5.96	14,422
Band 20	1,332.697	5.88	7,836
Band 24	2,393.752	5.93	14,195
	14,136.779		$ 84,051
ProFund VP Bull
Contracts in accumulation period:
Band 6	700.019	$ 6.39	$ 4,473
Band 9	682.523	6.14	4,191
Band 17	491.908	7.73	3,802
Band 24	3,979.119	7.66	30,480
Band 25	1,911.062	7.60	14,524
	7,764.631		$ 57,470
ProFund VP Europe 30
Contracts in accumulation period:
Band 6	1,194.312	$ 7.27	$ 8,683
Band 8	237.366	7.11	1,688
Band 9	572.734	7.00	4,009
Band 17	1,633.602	8.71	14,229
Band 20	2,687.809	8.52	22,900
Band 24	1,191.393	8.63	10,282
	7,517.216		$ 61,791
ProFund VP Rising Rates Opportunity
Contracts in accumulation period:
Band 5	686.638	$ 4.73	$ 3,248
Band 6	7,423.635	4.68	34,743
Band 9	2,850.292	4.55	12,969
Band 10	1,990.272	4.52	8,996
Band 19	1,576.386	5.28	8,323
Band 20	12,290.613	5.19	63,788
Band 24	4,688.544	5.26	24,662
Band 25	3,879.586	5.22	20,251
Band 27	569.669	5.13	2,922
Band 28	257.581	5.11	1,316
	36,213.216		$ 181,218

157


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

10.	Financial Highlights

	A summary of unit values, units outstanding and net assets for variable annuity contracts, expense ratios, excluding expenses of
	underlying funds, investment income ratios, and total return for the years ended December 31, 2008, 2007, 2006, 2005 and 2004,
	follows:

							Investment
		Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
		(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
	AIM V.I. Leisure Fund - Series I Shares
	2008	18	$7.56	to	$7.95	$135	0.93%	1.25%	to	2.10%	-44.25%	to	-43.74%
	2007	22	$13.46	to	$14.13	$295	1.47%	1.25%	to	2.45%	-3.17%	to	-2.08%
	2006	27	$13.90	to	$14.43	$386	1.27%	1.25%	to	2.45%	21.80%	to	23.02%
	2005	24	$11.41	to	$11.73	$275	2.03%	1.25%	to	2.45%	-2.95%	to	-2.87%
	2004	2	$11.85	to	$11.86	$20	-	1.65%	to	1.75%	11.47%
	BlackRock Global Allocation V.I. Fund - Class III
	2008	723	$7.94	to	$8.01	$5,770	(e)	1.15%	to	2.45%		(e)
	2007	(e)		(e)		(e)	(e)		(e)			(e)
	2006	(e)		(e)		(e)	(e)		(e)			(e)
	2005	(e)		(e)		(e)	(e)		(e)			(e)
	2004	(e)		(e)		(e)	(e)		(e)			(e)
	Columbia Small Cap Value Fund, Variable Series -
	Class B
	2008	92	$8.90	to	$9.15	$832	0.46%	1.25%	to	2.00%	-29.59%	to	-29.07%
	2007	105	$12.53	to	$12.97	$1,339	0.29%	1.05%	to	2.45%	-4.86%	to	-3.64%
	2006	105	$13.17	to	$13.46	$1,397	0.41%	1.05%	to	2.45%	16.65%	to	17.84%
	2005	71	$11.29	to	$11.38	$810	(b)	1.25%	to	2.45%		(b)
	2004	(b)		(b)		(b)	(b)		(b)			(b)
	Fidelity® VIP Equity-Income Portfolio - Service
	Class 2
	2008	618	$5.65	to	$7.84	$4,368	2.66%	1.00%	to	2.45%	-44.12%	to	-43.39%
	2007	483	$13.01	to	$13.85	$6,472	1.86%	1.05%	to	2.45%	-1.06%	to	0.14%
	2006	374	$13.01	to	$13.83	$5,024	2.86%	1.05%	to	2.45%	17.28%	to	18.71%
	2005	275	$11.21	to	$11.65	$3,121	1.06%	1.05%	to	2.25%	3.51%	to	4.48%
	2004	145	$10.83	to	$11.15	$1,593	0.55%	1.05%	to	1.95%	9.17%	to	10.07%




			158


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
Fidelity® VIP Contrafund® Portfolio - Service Class 2
2008	2,390	$6.27	to	$10.53	$21,121	1.15%	1.00%	to	2.60%	-44.07%	to	-43.25%
2007	1,169	$11.26	to	$18.57	$19,975	0.86%	1.00%	to	2.60%	14.52%	to	16.06%
2006	852	$13.15	to	$16.00	$12,705	1.09%	1.05%	to	2.45%	8.88%	to	10.27%
2005	344	$11.97	to	$14.51	$4,669	0.04%	1.05%	to	2.45%	14.20%	to	15.43%
2004	79	$11.27	to	$12.57	$969	0.17%	1.05%	to	2.10%	13.19%	to	13.96%
Franklin Small Cap Value Securities Fund - Class 2
2008	87	$6.45	to	$6.47	$559	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING AllianceBernstein Mid Cap Growth Portfolio -
Service Class
2008	346	$5.76	to	$12.20	$2,620	-	1.15%	to	2.45%	-47.64%	to	-47.07%
2007	228	$13.52	to	$23.05	$3,393	-	1.25%	to	2.45%	8.33%	to	9.52%
2006	167	$12.48	to	$21.06	$2,388	-	1.25%	to	2.45%	-0.64%	to	0.48%
2005	91	$12.56	to	$20.96	$1,477	-	1.25%	to	2.45%	5.36%	to	5.54%
2004	47	$19.60	to	$19.86	$927	-	1.25%	to	1.40%	17.86%	to	18.00%
ING American Funds Asset Allocation Portfolio
2008	261	$7.14	to	$7.20	$1,874	(e)	1.15%	to	2.45%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING American Funds Bond Portfolio
2008	1,198	$8.77	to	$8.96	$10,588	(e)	1.00%	to	2.45%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)




		159


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING American Funds Growth Portfolio
2008	4,154	$5.85	to	$9.04	$34,496	0.89%	1.00%	to	2.45%	-45.58%	to	-44.83%
2007	2,762	$10.64	to	$16.39	$42,613	0.25%	1.00%	to	2.60%	9.20%	to	10.59%
2006	1,846	$10.93	to	$14.82	$25,908	0.17%	1.05%	to	2.45%	7.10%	to	8.49%
2005	831	$12.68	to	$13.66	$10,807	-	1.05%	to	2.45%	13.18%	to	14.41%
2004	108	$11.23	to	$11.94	$1,273	-	1.05%	to	2.10%	9.86%	to	10.48%
ING American Funds Growth-Income Portfolio
2008	2,703	$6.21	to	$8.93	$21,901	1.58%	1.00%	to	2.45%	-39.62%	to	-38.84%
2007	2,009	$10.17	to	$14.60	$27,024	1.01%	1.05%	to	2.60%	2.08%	to	3.33%
2006	1,520	$11.32	to	$14.13	$19,830	0.67%	1.05%	to	2.45%	11.99%	to	13.40%
2005	826	$11.17	to	$12.46	$9,574	0.26%	1.05%	to	2.45%	3.13%	to	4.27%
2004	102	$10.86	to	$11.95	$1,202	0.16%	1.05%	to	2.10%	7.75%	to	8.64%
ING American Funds International Portfolio
2008	2,000	$6.27	to	$12.87	$20,501	2.10%	1.00%	to	2.60%	-43.87%	to	-43.08%
2007	1,288	$14.57	to	$22.61	$25,141	0.87%	1.05%	to	2.60%	16.66%	to	18.13%
2006	769	$12.35	to	$19.14	$12,769	0.68%	1.05%	to	2.45%	15.65%	to	17.14%
2005	379	$13.55	to	$16.34	$5,458	0.43%	1.05%	to	2.45%	18.54%	to	19.62%
2004	43	$11.48	to	$13.66	$571	0.34%	1.05%	to	2.00%	16.38%	to	17.21%
ING BlackRock Large Cap Growth Portfolio - Service
Class
2008	218	$6.36	to	$7.87	$1,680	-	1.00%	to	2.45%	-40.49%	to	-39.74%
2007	92	$12.62	to	$13.06	$1,193	-	1.05%	to	2.45%	4.61%	to	5.66%
2006	43	$12.16	to	$12.36	$522	-	1.05%	to	2.00%	5.00%	to	6.00%
2005	23	$11.59	to	$11.66	$267	(b)	1.05%	to	1.95%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING BlackRock Large Cap Value Portfolio - Service
Class
2008	46	$8.15	to	$8.46	$389	0.38%	1.25%	to	2.25%	-36.77%	to	-36.15%
2007	50	$12.87	to	$13.32	$654	0.38%	1.05%	to	2.45%	1.90%	to	3.18%
2006	32	$12.63	to	$12.91	$410	0.54%	1.05%	to	2.45%	13.68%	to	14.82%
2005	14	$11.11	to	$11.20	$152	(b)	1.25%	to	2.45%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)

160


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Evergreen Health Sciences Portfolio - Service
Class
2008	446	$7.55	to	$9.92	$4,254	0.17%	1.05%	to	2.45%	-30.34%	to	-29.40%
2007	285	$12.80	to	$14.12	$3,819	0.12%	1.05%	to	2.45%	6.03%	to	7.36%
2006	233	$12.00	to	$13.20	$2,896	-	1.05%	to	2.45%	11.27%	to	12.72%
2005	119	$10.72	to	$11.76	$1,324	-	1.05%	to	2.45%	8.35%	to	9.26%
2004	8	$9.88	to	$10.80	$86	(a)	1.05%	to	1.95%		(a)
ING Evergreen Omega Portfolio - Service Class
2008	22	$7.48	to	$9.45	$199	-	1.05%	to	1.95%	-28.98%	to	-28.29%
2007	12	$12.16	to	$13.23	$157	-	1.05%	to	1.95%	9.51%	to	10.44%
2006	7	$11.09	to	$12.02	$82	-	1.05%	to	2.25%	3.24%	to	4.44%
2005	7	$10.69	to	$11.56	$77	(b)	1.05%	to	2.25%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING FMR^SMDiversified Mid Cap Portfolio - Service
Class
2008	714	$6.56	to	$10.16	$6,499	0.83%	1.15%	to	2.45%	-40.55%	to	-39.92%
2007	576	$14.60	to	$16.91	$8,840	0.16%	1.05%	to	2.45%	11.86%	to	13.09%
2006	385	$13.05	to	$14.96	$5,132	-	1.05%	to	2.45%	9.30%	to	10.57%
2005	159	$11.94	to	$13.53	$1,952	-	1.05%	to	2.45%	15.19%	to	15.44%
2004	14	$11.65	to	$11.72	$168	-	1.25%	to	1.40%	22.37%	to	22.59%
ING Focus 5 Portfolio - Service Class
2008	226	$5.51	to	$6.41	$1,275	3.34%	1.20%	to	2.45%	-44.40%	to	-43.82%
2007	46	$9.91	to	$9.95	$459	(d)	1.25%	to	2.45%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
ING Franklin Income Portfolio - Service Class
2008	1,185	$7.23	to	$7.74	$9,080	3.49%	1.15%	to	2.45%	-30.95%	to	-30.21%
2007	865	$10.89	to	$11.12	$9,530	1.09%	1.05%	to	2.45%	0.28%	to	1.55%
2006	257	$10.86	to	$10.95	$2,809	(c)	1.05%	to	2.45%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)

161


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Franklin Mutual Shares Portfolio - Service Class
2008	660	$6.61	to	$7.34	$4,784	4.45%	1.05%	to	2.45%	-39.20%	to	-38.42%
2007	392	$11.81	to	$11.92	$4,655	(d)	1.05%	to	2.45%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
ING Franklin Templeton Founding Strategy Portfolio -
Service Class
2008	1,633	$6.00	to	$6.82	$10,006	0.14%	1.15%	to	2.45%	-37.17%	to	-36.49%
2007	596	$9.55	to	$9.62	$5,721	(d)	1.25%	to	2.45%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
ING Global Real Estate Portfolio - Service Class
2008	640	$5.69	to	$7.24	$4,297	-	1.00%	to	2.45%	-42.58%	to	-41.99%
2007	287	$12.26	to	$12.48	$3,556	3.45%	1.25%	to	2.45%	-9.38%	to	-8.50%
2006	148	$13.54	to	$13.64	$2,017	(c)	1.25%	to	2.25%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ING Global Resources Portfolio - Service Class
2008	804	$6.19	to	$28.35	$9,787	2.21%	1.05%	to	2.60%	-42.44%	to	-41.60%
2007	352	$20.45	to	$48.66	$7,494	0.02%	1.05%	to	2.60%	30.18%	to	31.82%
2006	188	$15.77	to	$36.98	$3,098	0.14%	1.05%	to	2.45%	18.72%	to	19.91%
2005	60	$13.30	to	$30.84	$894	0.20%	1.25%	to	2.25%	35.83%	to	36.04%
2004	5	$22.13	to	$22.60	$110	1.22%	1.25%	to	1.40%	4.93%	to	5.05%
ING International Growth Opportunities Portfolio -
Service Class
2008	20		$7.58		$149	1.30%		1.40%		-53.01%
2007	19		$16.13		$312	1.03%		1.40%		16.80%
2006	19		$13.81		$268	1.61%		1.40%		19.88%
2005	20		$11.52		$226	2.30%		1.40%			8.99%
2004	20		$10.57		$208	1.03%		1.40%		15.02%

162


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Janus Contrarian Portfolio - Service Class
2008	752	$5.29	to	$9.84	$6,991	0.72%	1.05%	to	2.45%	-50.16%	to	-49.50%
2007	399	$17.16	to	$19.58	$7,496	-	1.05%	to	2.45%	18.36%	to	19.59%
2006	47	$14.40	to	$16.43	$756	0.35%	1.05%	to	2.10%	20.65%	to	21.49%
2005	21	$11.87	to	$13.55	$272	-	1.25%	to	1.95%	13.62%	to	14.02%
2004	5	$10.41	to	$11.47	$57	-	1.40%	to	1.75%	15.54%
ING JPMorgan Emerging Markets Equity Portfolio -
Service Class
2008	1,046	$5.04	to	$12.42	$11,276	2.73%	1.00%	to	2.60%	-52.46%	to	-51.78%
2007	562	$24.38	to	$25.82	$14,048	0.95%	1.05%	to	2.60%	35.25%	to	37.05%
2006	308	$18.10	to	$18.88	$5,655	0.50%	1.05%	to	2.45%	32.77%	to	34.13%
2005	83	$13.64	to	$14.08	$1,148	-	1.25%	to	2.25%	32.98%	to	33.21%
2004	32	$10.46	to	$10.57	$335	0.32%	1.25%	to	1.40%	16.09%	to	16.28%
ING JPMorgan Small Cap Core Equity Portfolio -
Service Class
2008	398	$8.96	to	$10.39	$3,770	0.47%	1.05%	to	2.45%	-31.60%	to	-30.69%
2007	462	$13.10	to	$14.99	$6,395	0.15%	1.05%	to	2.45%	-3.96%	to	-2.73%
2006	420	$13.09	to	$15.41	$5,978	-	1.05%	to	2.45%	13.94%	to	15.43%
2005	203	$11.97	to	$13.35	$2,518	-	1.05%	to	2.45%	1.69%	to	2.61%
2004	14	$11.83	to	$13.01	$177	-	1.05%	to	1.95%	23.94%	to	24.62%
ING JPMorgan Value Opportunities Portfolio -
Service Class
2008	145	$7.08	to	$7.42	$1,060	3.36%	1.05%	to	2.45%	-40.87%	to	-40.11%
2007	142	$11.97	to	$12.39	$1,739	1.29%	1.05%	to	2.45%	-3.47%	to	-2.21%
2006	133	$12.40	to	$12.67	$1,677	0.28%	1.05%	to	2.45%	17.30%	to	18.86%
2005	167	$10.57	to	$10.66	$1,770	(b)	1.05%	to	2.45%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING Julius Baer Foreign Portfolio - Service Class
2008	1,078	$6.14	to	$11.56	$11,783	-	1.15%	to	2.60%	-45.03%	to	-44.32%
2007	761	$17.35	to	$21.00	$15,185	0.07%	1.05%	to	2.60%	13.73%	to	15.26%
2006	366	$15.11	to	$18.22	$6,379	-	1.05%	to	2.45%	26.26%	to	27.56%
2005	152	$11.86	to	$14.15	$2,083	-	1.25%	to	2.45%	13.15%	to	13.93%
2004	19	$11.94	to	$12.42	$232	(a)	1.25%	to	1.95%		(a)

163


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Legg Mason Value Portfolio - Service Class
2008	609	$4.15	to	$5.14	$2,910	0.02%	1.05%	to	2.45%	-56.50%	to	-55.91%
2007	661	$9.48	to	$11.72	$7,220	-	1.05%	to	2.45%	-8.14%	to	-6.99%
2006	550	$10.27	to	$12.65	$6,449	-	1.05%	to	2.25%	4.11%	to	5.40%
2005	274	$9.74	to	$12.05	$3,032	-	1.05%	to	2.25%	3.91%	to	4.84%
2004	44	$9.36	to	$11.53	$419	0.35%	1.05%	to	1.95%	11.69%	to	12.65%
ING LifeStyle Aggressive Growth Portfolio - Service
Class
2008	2,376	$6.26	to	$8.29	$19,394	1.85%	1.15%	to	2.45%	-43.16%	to	-42.54%
2007	1,956	$13.57	to	$14.45	$27,984	0.61%	1.25%	to	2.45%	0.86%	to	1.93%
2006	1,240	$13.33	to	$14.20	$17,434	0.13%	1.25%	to	2.45%	15.42%	to	16.67%
2005	440	$11.90	to	$12.20	$5,317	0.04%	1.25%	to	2.45%	5.67%	to	6.18%
2004	31	$11.47	to	$11.49	$354	(a)	1.45%	to	1.95%		(a)
ING LifeStyle Growth Portfolio - Service Class
2008	6,972	$6.68	to	$8.70	$59,439	2.00%	1.05%	to	2.45%	-38.03%	to	-37.27%
2007	4,323	$13.41	to	$13.87	$59,323	0.88%	1.05%	to	2.45%	1.44%	to	2.82%
2006	2,606	$13.22	to	$13.49	$34,973	0.47%	1.05%	to	2.45%	12.79%	to	14.02%
2005	861	$11.67	to	$11.85	$10,165	0.18%	1.25%	to	2.45%	4.72%	to	5.24%
2004	5	$11.24	to	$11.26	$51	(a)	1.45%	to	2.00%		(a)
ING LifeStyle Moderate Growth Portfolio - Service
Class
2008	7,604	$7.09	to	$9.06	$67,284	2.29%	1.05%	to	2.45%	-33.13%	to	-32.29%
2007	4,593	$12.86	to	$13.38	$60,549	1.21%	1.05%	to	2.45%	2.23%	to	3.56%
2006	2,950	$12.22	to	$12.92	$37,755	0.84%	1.05%	to	2.45%	10.84%	to	12.03%
2005	1,110	$11.35	to	$11.48	$12,710	0.40%	1.25%	to	2.45%	3.73%	to	4.46%
2004	71	$10.94	to	$11.01	$785	(a)	1.25%	to	2.10%		(a)
ING LifeStyle Moderate Portfolio - Service Class
2008	3,905	$7.57	to	$9.49	$35,458	1.96%	1.05%	to	2.60%	-27.85%	to	-26.77%
2007	2,269	$11.43	to	$12.96	$28,694	1.29%	1.05%	to	2.60%	2.42%	to	3.93%
2006	1,188	$11.83	to	$12.47	$14,586	1.07%	1.05%	to	2.60%	8.87%	to	10.02%
2005	564	$11.05	to	$11.28	$6,309	0.44%	1.25%	to	2.45%	3.44%	to	3.81%
2004	6	$10.74	to	$10.77	$67	(a)	1.45%	to	2.10%		(a)

164


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Limited Maturity Bond Portfolio - Service Class
2008	20	$21.50	to	$22.16	$432	6.35%	1.25%	to	1.40%	-1.65%	to	-1.51%
2007	23	$21.86	to	$22.50	$513	1.74%	1.25%	to	1.40%	4.29%	to	4.46%
2006	36	$20.96	to	$21.54	$754	3.25%	1.25%	to	1.40%	2.39%	to	2.57%
2005	46	$20.47	to	$21.00	$941	5.07%	1.25%	to	1.40%	0.20%	to	0.33%
2004	58	$20.43	to	$20.93	$1,191	4.80%	1.25%	to	1.40%	-0.05%	to	0.14%
ING Liquid Assets Portfolio - Service Class
2008	4,215	$10.07	to	$18.35	$52,262	2.16%	1.00%	to	2.60%	0.10%	to	1.48%
2007	2,111	$10.05	to	$18.10	$25,976	4.14%	1.00%	to	2.45%	2.54%	to	3.84%
2006	591	$10.25	to	$17.43	$7,050	4.34%	1.05%	to	2.25%	2.30%	to	3.31%
2005	352	$10.02	to	$16.29	$4,092	3.07%	1.25%	to	2.25%	0.80%	to	1.56%
2004	87	$9.98	to	$16.04	$1,254	1.01%	1.25%	to	1.95%	-0.65%	to	-0.37%
ING Lord Abbett Affiliated Portfolio - Service Class
2008	30	$8.23	to	$9.40	$257	2.44%	1.25%	to	1.85%	-37.75%	to	-37.38%
2007	35	$13.17	to	$15.01	$482	1.70%	1.25%	to	1.95%	2.24%	to	2.81%
2006	34	$12.93	to	$14.60	$459	0.86%	1.25%	to	1.85%	15.45%	to	16.15%
2005	17	$11.20	to	$12.57	$201	1.55%	1.25%	to	1.85%		3.98%
2004	87	$10.80	to	$12.54	$1,083	0.20%	1.05%	to	1.95%	6.32%	to	6.45%
ING Marsico Growth Portfolio - Service Class
2008	639	$6.55	to	$11.45	$5,774	0.59%	1.15%	to	2.45%	-41.70%	to	-41.06%
2007	540	$13.77	to	$19.43	$8,518	-	1.25%	to	2.45%	11.58%	to	12.71%
2006	500	$12.29	to	$17.24	$7,184	-	1.25%	to	2.45%	2.48%	to	3.67%
2005	397	$11.94	to	$16.63	$5,971	-	1.25%	to	2.45%	6.75%	to	7.58%
2004	296	$11.19	to	$15.47	$4,504	-	1.25%	to	1.95%	10.90%	to	11.14%
ING Marsico International Opportunities Portfolio -
Service Class
2008	646	$5.28	to	$9.10	$5,285	1.34%	1.00%	to	2.60%	-50.74%	to	-50.05%
2007	304	$17.54	to	$18.22	$5,453	1.01%	1.05%	to	2.60%	17.79%	to	19.32%
2006	226	$14.95	to	$15.27	$3,417	0.03%	1.05%	to	2.45%	21.31%	to	22.65%
2005	147	$12.34	to	$12.45	$1,817	(b)	1.05%	to	2.25%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)

165


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING MFS Total Return Portfolio - Service Class
2008	732	$7.86	to	$22.43	$9,141	6.25%	1.00%	to	2.45%	-24.17%	to	-23.12%
2007	673	$10.25	to	$29.19	$11,493	2.78%	1.00%	to	2.45%	1.53%	to	2.93%
2006	606	$11.79	to	$28.36	$10,544	2.33%	1.05%	to	2.45%	9.37%	to	10.74%
2005	480	$10.78	to	$25.61	$8,270	2.10%	1.05%	to	2.45%	0.93%	to	1.83%
2004	200	$10.73	to	$25.15	$4,707	1.95%	1.05%	to	1.95%	8.99%	to	9.97%
ING MFS Utilities Portfolio - Service Class
2008	693	$6.35	to	$11.40	$7,193	4.28%	1.00%	to	2.45%	-39.14%	to	-38.51%
2007	387	$18.01	to	$18.54	$7,122	0.70%	1.25%	to	2.45%	24.50%	to	25.78%
2006	238	$14.49	to	$14.74	$3,492	0.09%	1.25%	to	2.25%	27.89%	to	29.18%
2005	87	$11.33	to	$11.41	$988	(b)	1.25%	to	2.25%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING Multi-Manager International Small Cap Portfolio -
Class S
2008	33	$5.32	to	$5.36	$174	(e)	1.15%	to	2.25%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING Oppenheimer Main Street Portfolio® - Service
Class
2008	541	$7.84	to	$15.98	$5,280	2.90%	1.05%	to	2.45%	-40.11%	to	-39.33%
2007	490	$13.09	to	$26.34	$8,170	0.82%	1.05%	to	2.45%	2.09%	to	3.17%
2006	273	$12.87	to	$25.53	$5,444	1.18%	1.05%	to	2.25%	12.40%	to	13.77%
2005	141	$11.45	to	$22.44	$2,788	0.90%	1.05%	to	2.25%	3.91%	to	4.62%
2004	114	$11.10	to	$21.45	$2,350	0.80%	1.05%	to	1.75%	10.89%	to	11.66%
ING PIMCO Core Bond Portfolio - Service Class
2008	2,653	$10.02	to	$16.38	$32,262	3.34%	1.00%	to	2.45%	1.73%	to	3.15%
2007	775	$10.99	to	$15.88	$9,568	3.00%	1.05%	to	2.45%	6.49%	to	7.81%
2006	537	$10.32	to	$14.73	$6,525	2.42%	1.05%	to	2.45%	1.97%	to	3.22%
2005	356	$10.12	to	$14.27	$4,307	3.26%	1.05%	to	2.45%	0.49%	to	1.42%
2004	110	$10.12	to	$14.07	$1,456	3.24%	1.05%	to	2.10%	2.87%	to	3.76%

166


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING PIMCO High Yield Portfolio - Service Class
2008	536	$7.96	to	$9.42	$4,815	9.46%	1.00%	to	2.45%	-24.26%	to	-23.35%
2007	551	$11.42	to	$12.29	$6,521	6.28%	1.05%	to	2.45%	0.44%	to	1.82%
2006	370	$11.37	to	$12.07	$4,331	6.23%	1.05%	to	2.45%	6.45%	to	7.77%
2005	230	$10.69	to	$11.20	$2,518	6.85%	1.05%	to	2.25%	2.29%	to	3.23%
2004	94	$10.49	to	$10.85	$1,016	(a)	1.05%	to	1.95%		(a)
ING Pioneer Fund Portfolio - Service Class
2008	25	$6.71	to	$8.48	$205	3.37%	1.00%	to	2.25%	-36.25%	to	-35.51%
2007	21	$12.80	to	$13.15	$270	1.00%	1.25%	to	2.25%	2.73%	to	3.79%
2006	10	$12.46	to	$12.67	$130	-	1.25%	to	2.25%	14.44%	to	15.29%
2005	7	$10.94	to	$10.99	$77	(b)	1.25%	to	1.95%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING Pioneer Mid Cap Value Portfolio - Service Class
2008	779	$6.69	to	$8.33	$6,262	2.01%	1.00%	to	2.60%	-34.75%	to	-33.76%
2007	445	$10.13	to	$12.61	$5,563	0.51%	1.00%	to	2.60%	3.03%	to	4.21%
2006	318	$11.89	to	$12.10	$3,836	0.18%	1.25%	to	2.45%	9.79%	to	10.91%
2005	135	$10.83	to	$10.91	$1,473	(b)	1.25%	to	2.45%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING T. Rowe Price Capital Appreciation Portfolio -
Service Class
2008	2,166	$7.23	to	$36.14	$19,961	4.99%	1.00%	to	2.45%	-29.17%	to	-28.25%
2007	1,394	$12.48	to	$50.48	$18,486	1.89%	1.05%	to	2.45%	1.96%	to	3.28%
2006	764	$12.24	to	$48.97	$10,170	1.15%	1.05%	to	2.45%	11.99%	to	13.42%
2005	191	$10.93	to	$43.26	$2,834	0.65%	1.05%	to	2.45%	6.25%	to	6.39%
2004	22	$39.69	to	$40.66	$869	0.87%	1.25%	to	1.40%	14.98%	to	15.15%
ING T. Rowe Price Equity Income Portfolio - Service
Class
2008	848	$6.50	to	$22.85	$7,214	4.53%	1.00%	to	2.45%	-37.18%	to	-36.49%
2007	740	$13.07	to	$35.98	$10,340	1.23%	1.05%	to	2.45%	0.69%	to	1.99%
2006	503	$12.98	to	$35.36	$7,183	1.27%	1.05%	to	2.45%	16.31%	to	17.87%
2005	330	$11.16	to	$30.06	$4,382	0.87%	1.05%	to	2.45%	1.91%	to	2.63%
2004	58	$11.00	to	$29.29	$1,336	0.92%	1.25%	to	2.00%	13.31%	to	13.44%

167


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Templeton Global Growth Portfolio - Service
Class
2008	575	$6.56	to	$16.27	$4,943	1.01%	1.15%	to	2.45%	-41.07%	to	-40.40%
2007	611	$13.61	to	$27.31	$8,903	1.23%	1.25%	to	2.45%	0.00%	to	1.11%
2006	234	$13.61	to	$27.01	$3,771	0.85%	1.25%	to	2.45%	19.79%	to	20.42%
2005	54	$11.47	to	$22.43	$1,139	0.73%	1.25%	to	1.75%	8.33%	to	8.51%
2004	51	$20.30	to	$20.67	$1,045	0.48%	1.25%	to	1.40%	9.43%	to	9.54%
ING Van Kampen Capital Growth Portfolio - Service
Class
2008	70	$5.35	to	$7.86	$535	-	1.00%	to	2.45%	-50.33%	to	-49.94%
2007	25	$15.28	to	$15.58	$383	-	1.25%	to	1.95%	18.91%	to	19.75%
2006	32	$12.85	to	$13.01	$414	-	1.25%	to	1.95%	2.07%	to	2.76%
2005	17	$12.59	to	$12.66	$217	(b)	1.25%	to	1.95%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING Van Kampen Global Franchise Portfolio - Service
Class
2008	328	$7.61	to	$9.76	$3,102	2.42%	1.25%	to	2.45%	-30.21%	to	-29.48%
2007	365	$13.44	to	$13.84	$5,000	-	1.25%	to	2.45%	7.17%	to	8.38%
2006	123	$12.18	to	$12.77	$1,567	1.36%	1.25%	to	2.25%	18.60%	to	19.79%
2005	40	$10.59	to	$10.66	$429	(b)	1.25%	to	2.25%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING Van Kampen Growth and Income Portfolio -
Service Class
2008	175	$7.21	to	$22.16	$1,874	4.13%	1.15%	to	2.45%	-33.62%	to	-33.07%
2007	148	$11.51	to	$33.11	$2,583	1.43%	1.25%	to	2.10%	0.40%	to	1.33%
2006	123	$11.36	to	$32.68	$2,443	1.16%	1.25%	to	2.10%	13.56%	to	14.55%
2005	88	$11.06	to	$28.53	$2,026	0.91%	1.25%	to	2.10%	8.52%	to	8.69%
2004	58	$25.81	to	$26.25	$1,502	0.82%	1.25%	to	1.40%	12.51%	to	12.71%
ING Van Kampen Real Estate Portfolio - Service Class
2008	341	$8.71	to	$40.99	$3,392	1.31%	1.05%	to	2.60%	-40.01%	to	-39.19%
2007	390	$14.52	to	$67.51	$6,415	1.30%	1.05%	to	2.60%	-19.66%	to	-18.60%
2006	242	$13.58	to	$83.11	$4,966	1.09%	1.05%	to	2.45%	34.52%	to	36.19%
2005	128	$13.50	to	$61.15	$2,090	1.16%	1.05%	to	2.45%	14.51%	to	15.33%
2004	22	$11.84	to	$53.02	$670	1.65%	1.25%	to	2.10%	35.82%	to	36.05%

168


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING VP Index Plus International Equity Portfolio -
Service Class
2008	263	$6.00	to	$7.60	$1,851	6.87%	1.00%	to	2.25%	-44.93%	to	-44.40%
2007	178	$10.81	to	$13.67	$2,399	-	1.00%	to	2.00%	6.16%	to	7.05%
2006	32	$12.66	to	$12.77	$412	(c)	1.05%	to	1.85%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ING Wells Fargo Small Cap Disciplined Portfolio -
Service Class
2008	29	$7.09	to	$7.25	$211	1.05%	1.25%	to	1.95%	-34.11%	to	-33.61%
2007	33	$10.76	to	$10.92	$359	-	1.25%	to	1.95%	-5.53%	to	-4.88%
2006	30	$11.37	to	$11.48	$338	(c)	1.25%	to	2.10%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ING American Century Large Company Value
Portfolio - Service Class
2008	34	$6.15	to	$6.17	$212	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING American Century Small-Mid Cap Value
Portfolio - Service Class
2008	23	$7.01	to	$7.03	$161	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING Baron Small Cap Growth Portfolio - Service Class
2008	806	$6.04	to	$7.68	$5,999	-	1.00%	to	2.45%	-42.63%	to	-41.86%
2007	529	$10.40	to	$13.21	$6,905	-	1.05%	to	2.45%	3.66%	to	5.01%
2006	321	$12.31	to	$12.58	$4,008	-	1.05%	to	2.45%	12.63%	to	14.05%
2005	72	$10.93	to	$11.03	$793	(b)	1.05%	to	2.45%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)

169


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Columbia Small Cap Value II Portfolio - Service
Class
2008	430	$6.45	to	$7.06	$2,836	0.11%	1.15%	to	2.60%	-35.63%	to	-34.90%
2007	236	$10.02	to	$10.23	$2,404	0.12%	1.25%	to	2.60%	0.60%	to	1.69%
2006	86	$10.00	to	$10.06	$865	(c)	1.25%	to	2.25%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ING Davis New York Venture Portfolio - Service Class
2008	1,172	$6.26	to	$6.88	$7,943	0.81%	1.00%	to	2.45%	-40.68%	to	-39.97%
2007	556	$11.21	to	$11.46	$6,334	0.25%	1.25%	to	2.45%	1.72%	to	2.78%
2006	220	$11.02	to	$11.15	$2,440	-	1.25%	to	2.45%		-
2005	1		$9.91		$11	(b)	1.95%				(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING JPMorgan Mid Cap Value Portfolio - Service Class
2008	135	$6.75	to	$11.71	$1,294	2.83%	1.00%	to	2.45%	-34.57%	to	-33.73%
2007	52	$13.48	to	$17.67	$827	0.55%	1.05%	to	2.25%	0.00%	to	1.26%
2006	61	$13.48	to	$17.45	$983	-	1.05%	to	2.25%	13.95%	to	15.26%
2005	66	$11.83	to	$15.14	$920	0.29%	1.05%	to	2.25%	6.36%	to	7.38%
2004	32	$11.17	to	$14.10	$436	-	1.05%	to	1.95%	18.49%	to	19.29%
ING Legg Mason Partners Aggressive Growth
Portfolio - Service Class
2008	151	$7.31	to	$8.18	$1,152	-	1.05%	to	2.45%	-40.71%	to	-39.99%
2007	141	$12.33	to	$13.63	$1,800	-	1.05%	to	2.45%	-4.20%	to	-2.92%
2006	85	$12.87	to	$14.04	$1,129	-	1.05%	to	2.45%	7.52%	to	8.84%
2005	64	$11.97	to	$12.90	$777	-	1.05%	to	2.45%	9.06%	to	9.84%
2004	8	$11.03	to	$11.69	$93	-	1.25%	to	1.95%	7.77%
ING Neuberger Berman Partners Portfolio - Service
Class
2008	73	$5.21	to	$5.32	$386	-	1.25%	to	2.00%	-52.29%	to	-51.90%
2007	84	$10.86	to	$11.10	$923	0.23%	1.05%	to	2.45%	6.05%	to	7.45%
2006	79	$10.24	to	$10.33	$817	(c)	1.05%	to	2.45%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)

170


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Oppenheimer Global Portfolio - Initial Class
2008	18	$8.46	to	$8.75	$151	2.39%	1.05%	to	1.95%	-41.45%	to	-40.96%
2007	18	$14.45	to	$14.82	$267	1.13%	1.05%	to	1.95%	4.48%	to	5.48%
2006	19	$13.83	to	$14.05	$265	0.06%	1.05%	to	1.95%	15.64%	to	16.79%
2005	22	$11.96	to	$12.03	$268	(b)	1.05%	to	1.95%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING Oppenheimer Global Portfolio - Service Class
2008	751	$6.20	to	$10.00	$6,873	2.43%	1.00%	to	2.45%	-41.87%	to	-41.04%
2007	630	$10.54	to	$16.97	$10,070	1.08%	1.00%	to	2.45%	3.92%	to	5.21%
2006	534	$13.88	to	$16.13	$8,193	0.08%	1.05%	to	2.45%	14.97%	to	16.38%
2005	185	$11.97	to	$13.86	$2,432	1.35%	1.05%	to	2.25%	11.06%	to	12.05%
2004	7	$11.66	to	$12.37	$80	-	1.05%	to	1.95%	13.04%	to	13.80%
ING Oppenheimer Strategic Income Portfolio -
Service Class
2008	10	$8.80	to	$8.82	$88	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING PIMCO Total Return Portfolio - Service Class
2008	11	$10.46	to	$10.49	$111	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING Solution 2015 Portfolio - Service Class
2008	3		$7.52		$26	(e)		1.20%			(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)

171


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B	Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)	(lowest to highest)
ING Solution 2025 Portfolio - Service Class
2008	112	$6.86	to	$6.88	$771	(e)	1.00% to 1.20%	(e)
2007	(e)		(e)		(e)	(e)	(e)	(e)
2006	(e)		(e)		(e)	(e)	(e)	(e)
2005	(e)		(e)		(e)	(e)	(e)	(e)
2004	(e)		(e)		(e)	(e)	(e)	(e)
ING Solution 2035 Portfolio - Service Class
2008	12	$6.60	to	$6.62	$77	(e)	1.00% to 1.20%	(e)
2007	(e)		(e)		(e)	(e)	(e)	(e)
2006	(e)		(e)		(e)	(e)	(e)	(e)
2005	(e)		(e)		(e)	(e)	(e)	(e)
2004	(e)		(e)		(e)	(e)	(e)	(e)
ING Solution 2045 Portfolio - Service Class
2008	2		$6.38		$14	(e)	1.00%	(e)
2007	(e)		(e)		(e)	(e)	(e)	(e)
2006	(e)		(e)		(e)	(e)	(e)	(e)
2005	(e)		(e)		(e)	(e)	(e)	(e)
2004	(e)		(e)		(e)	(e)	(e)	(e)
ING Solution Income Portfolio - Service Class
2008	6	$8.51	to	$8.53	$51	(e)	1.00% to 1.20%	(e)
2007	(e)		(e)		(e)	(e)	(e)	(e)
2006	(e)		(e)		(e)	(e)	(e)	(e)
2005	(e)		(e)		(e)	(e)	(e)	(e)
2004	(e)		(e)		(e)	(e)	(e)	(e)
ING T. Rowe Price Diversified Mid Cap Growth
Portfolio - Service Class
2008	65	$6.06	to	$6.07	$393	(e)	1.00% to 1.20%	(e)
2007	(e)		(e)		(e)	(e)	(e)	(e)
2006	(e)		(e)		(e)	(e)	(e)	(e)
2005	(e)		(e)		(e)	(e)	(e)	(e)
2004	(e)		(e)		(e)	(e)	(e)	(e)

172


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING T. Rowe Price Growth Equity Portfolio - Service
Class
2008	183	$5.69	to	$6.35	$1,084	1.71%	1.00%	to	2.45%	-43.58%	to	-43.03%
2007	20	$10.12	to	$10.18	$201	(d)	1.25%	to	2.10%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
ING Templeton Foreign Equity Portfolio - Service
Class
2008	825	$6.24	to	$7.51	$6,061	3.51%	1.00%	to	2.45%	-41.97%	to	-41.24%
2007	304	$12.51	to	$12.78	$3,853	1.34%	1.05%	to	2.45%	13.09%	to	14.01%
2006	42	$11.15	to	$11.21	$466	(c)	1.05%	to	1.85%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ING Thornburg Value Portfolio - Initial Class
2008	-		$6.09		$1	-		1.75%		-40.76%
2007	-		$10.28		$3	-		1.75%			5.33%
2006	1	$9.76	to	$12.95	$12	0.70%	1.45%	to	1.75%	14.82%	to	15.11%
2005	3	$8.50	to	$11.25	$24	-	1.45%	to	1.75%	-0.23%
2004	2		$8.52		$17	(a)		1.75%			(a)
ING Thornburg Value Portfolio - Service Class
2008	12	$6.13	to	$6.15	$72	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING UBS U.S. Large Cap Equity Portfolio - Service
Class
2008	70	$5.99	to	$8.10	$510	2.23%	1.00%	to	2.10%	-41.31%	to	-40.66%
2007	49	$13.12	to	$13.65	$657	0.65%	1.05%	to	2.10%	-1.20%	to	-0.07%
2006	43	$13.28	to	$13.66	$581	0.73%	1.05%	to	2.10%	12.04%	to	13.08%
2005	32	$11.19	to	$12.08	$380	0.89%	1.05%	to	2.00%		7.19%
2004	6		$11.13		$71	(a)		1.65%			(a)

173


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Van Kampen Comstock Portfolio - Service Class
2008	424	$6.14	to	$8.80	$3,365	4.24%	1.00%	to	2.60%	-38.08%	to	-37.14%
2007	395	$12.08	to	$14.00	$5,040	1.40%	1.05%	to	2.60%	-4.56%	to	-3.25%
2006	278	$12.72	to	$14.47	$3,696	0.74%	1.05%	to	2.45%	13.35%	to	14.66%
2005	194	$10.59	to	$12.62	$2,273	0.39%	1.05%	to	2.25%	1.44%	to	2.35%
2004	22	$11.13	to	$12.33	$264	-	1.05%	to	1.95%	14.69%	to	15.56%
ING Van Kampen Equity and Income Portfolio -
Service Class
2008	235	$7.69	to	$9.29	$2,087	7.72%	1.00%	to	2.45%	-25.33%	to	-24.53%
2007	86	$11.96	to	$12.31	$1,047	1.64%	1.25%	to	2.45%	0.93%	to	1.99%
2006	45	$11.85	to	$12.07	$542	2.20%	1.25%	to	2.45%	9.99%	to	11.04%
2005	35	$10.81	to	$10.87	$377	(b)	1.25%	to	2.10%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING VP Strategic Allocation Growth Portfolio - Class S
2008	11	$6.64	to	$6.66	$74	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING VP Strategic Allocation Moderate Portfolio -
Class S
2008	3	$7.19	to	$7.21	$23	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING VP Growth and Income Portfolio - Class I
2008	181	$6.12	to	$6.14	$1,109	1.48%	1.25%	to	1.40%	-38.55%	to	-38.35%
2007	201		$9.96		$2,002	(d)	1.25%	to	1.40%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)

174


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING VP Growth and Income Portfolio - Class S
2008	123	$6.04	to	$6.63	$755	3.95%	1.00%	to	2.45%	-38.79%	to	-38.69%
2007	1		$9.95		$5	(d)	1.45%	to	1.65%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
ING GET U.S. Core Portfolio - Series 3
2008	234	$9.75	to	$10.19	$2,316	2.11%	1.55%	to	2.40%	-5.80%	to	-4.94%
2007	258	$10.35	to	$10.72	$2,707	2.62%	1.55%	to	2.40%	2.48%	to	3.38%
2006	296	$10.10	to	$10.37	$3,015	2.55%	1.55%	to	2.40%	3.80%	to	4.75%
2005	570	$9.73	to	$9.90	$5,583	1.91%	1.55%	to	2.40%	-1.62%	to	-0.80%
2004	670	$9.89	to	$9.98	$6,647	(a)	1.55%	to	2.40%		(a)
ING GET U.S. Core Portfolio - Series 4
2008	257	$10.02	to	$10.44	$2,624	2.91%	1.55%	to	2.40%	-7.99%	to	-7.20%
2007	273	$10.89	to	$11.25	$3,016	2.83%	1.55%	to	2.40%	1.21%	to	2.09%
2006	301	$10.76	to	$11.02	$3,271	2.77%	1.55%	to	2.40%	5.28%	to	6.27%
2005	427	$10.22	to	$10.37	$4,384	1.56%	1.55%	to	2.40%	-1.06%	to	-0.29%
2004	552	$10.33	to	$10.40	$5,714	(a)	1.55%	to	2.40%		(a)
ING GET U.S. Core Portfolio - Series 5
2008	295	$10.25	to	$10.65	$3,070	1.51%	1.55%	to	2.40%	-9.53%	to	-8.82%
2007	321	$11.33	to	$11.68	$3,685	1.74%	1.55%	to	2.40%	-0.35%	to	0.52%
2006	339	$11.37	to	$11.62	$3,885	1.71%	1.55%	to	2.40%	8.60%	to	9.52%
2005	477	$10.47	to	$10.61	$5,020	0.90%	1.55%	to	2.40%	0.29%	to	1.14%
2004	641	$10.44	to	$10.49	$6,705	(a)	1.55%	to	2.40%		(a)
ING GET U.S. Core Portfolio - Series 6
2008	137	$9.95	to	$10.42	$1,384	1.88%	1.55%	to	2.60%	-8.63%	to	-7.62%
2007	145	$10.89	to	$11.28	$1,596	2.37%	1.55%	to	2.60%	0.65%	to	1.71%
2006	171	$10.82	to	$11.09	$1,862	1.94%	1.55%	to	2.60%	7.66%	to	8.83%
2005	402	$10.05	to	$10.19	$4,064	0.34%	1.55%	to	2.60%	0.00%	to	1.09%
2004	525	$10.05	to	$10.08	$5,285	(a)	1.55%	to	2.60%		(a)

175


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING GET U.S. Core Portfolio - Series 7
2008	263	$10.03	to	$10.32	$2,673	2.01%	1.75%	to	2.45%	-7.30%	to	-6.69%
2007	292	$10.82	to	$11.06	$3,187	2.63%	1.75%	to	2.45%	0.74%	to	1.47%
2006	332	$10.74	to	$10.90	$3,582	1.79%	1.75%	to	2.45%	7.62%	to	8.35%
2005	656	$9.97	to	$10.06	$6,569	(b)	1.75%	to	2.60%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING GET U.S. Core Portfolio - Series 8
2008	38	$10.00	to	$10.28	$380	2.34%	1.75%	to	2.45%	-8.76%	to	-8.05%
2007	59	$10.96	to	$11.18	$647	2.26%	1.75%	to	2.45%	1.11%	to	1.82%
2006	62	$10.84	to	$11.02	$680	0.69%	1.55%	to	2.45%	7.97%	to	9.00%
2005	293	$10.04	to	$10.11	$2,946	(b)	1.55%	to	2.45%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING GET U.S. Core Portfolio - Series 9
2008	23	$10.01	to	$10.34	$234	2.06%	1.55%	to	2.45%	-7.49%	to	-6.59%
2007	23	$10.82	to	$11.07	$252	2.84%	1.55%	to	2.45%	1.41%	to	2.31%
2006	36	$10.67	to	$10.82	$381	0.72%	1.55%	to	2.45%	7.45%	to	8.42%
2005	157	$9.93	to	$9.98	$1,557	(b)	1.55%	to	2.45%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING GET U.S. Core Portfolio - Series 10
2008	90	$10.17	to	$10.41	$923	2.50%	1.55%	to	2.25%	-6.01%	to	-5.36%
2007	91	$10.82	to	$11.00	$995	1.81%	1.55%	to	2.25%	1.22%	to	1.95%
2006	93	$10.67	to	$10.79	$997	0.48%	1.55%	to	2.45%	7.13%	to	8.12%
2005	283	$9.95	to	$9.98	$2,822	(b)	1.55%	to	2.45%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
ING GET U.S. Core Portfolio - Series 11
2008	24	$10.35	to	$10.58	$250	2.36%	1.55%	to	2.25%	-1.71%	to	-1.03%
2007	24	$10.53	to	$10.69	$258	0.32%	1.55%	to	2.25%	-0.28%	to	0.47%
2006	507	$10.54	to	$10.64	$5,356	(c)	1.55%	to	2.45%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)

176


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING GET U.S. Core Portfolio - Series 12
2008	5	$10.25	to	$10.37	$56	1.69%	2.05%	to	2.45%	-8.48%	to	-8.15%
2007	6	$11.20	to	$11.29	$62	0.16%	2.05%	to	2.45%	0.45%	to	0.89%
2006	105	$11.15	to	$11.23	$1,171	(c)	1.55%	to	2.45%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ING GET U.S. Core Portfolio - Series 13
2008	69	$10.28	to	$10.41	$711	1.10%	1.95%	to	2.45%	-0.10%	to	0.39%
2007	72	$10.29	to	$10.37	$740	0.85%	1.95%	to	2.45%	2.39%	to	2.88%
2006	950	$10.05	to	$10.08	$9,554	(c)	1.95%	to	2.60%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ING GET U.S. Core Portfolio - Series 14
2008	943	$10.20	to	$10.42	$9,664	1.80%	1.55%	to	2.60%	0.39%	to	1.46%
2007	1,027	$10.16	to	$10.27	$10,461	(d)	1.55%	to	2.60%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
ING BlackRock Global Science and Technology
Portfolio - Class S
2008	305	$6.46	to	$6.57	$1,982	(e)	1.00%	to	2.45%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING International Index Portfolio - Class S
2008	96	$6.02	to	$6.08	$580	(e)	1.15%	to	2.45%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)

177


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B	Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)	(lowest to highest)
ING Lehman Brothers U.S. Aggregate Bond Index®
Portfolio - Class S
2008	229	$10.13	to	$10.23	$2,336	(e)	1.00% to 2.45%		(e)
2007	(e)		(e)		(e)	(e)	(e)		(e)
2006	(e)		(e)		(e)	(e)	(e)		(e)
2005	(e)		(e)		(e)	(e)	(e)		(e)
2004	(e)		(e)		(e)	(e)	(e)		(e)
ING Opportunistic Large Cap Growth Portfolio -
Class S
2008	3	$6.38	to	$6.40	$20	(e)	1.00% to 1.20%		(e)
2007	(e)		(e)		(e)	(e)	(e)		(e)
2006	(e)		(e)		(e)	(e)	(e)		(e)
2005	(e)		(e)		(e)	(e)	(e)		(e)
2004	(e)		(e)		(e)	(e)	(e)		(e)
ING Opportunistic Large Cap Value Portfolio -
Class S
2008	16	$6.55	to	$8.27	$114	1.49%	1.20% to 1.95%	-37.04%	to	-36.57%
2007	14	$10.38	to	$13.07	$155	1.28%	1.25% to 1.95%	0.71%	to	1.42%
2006	14	$10.28	to	$12.91	$158	1.36%	1.25% to 1.95%	13.52%	to	14.39%
2005	15	$8.98	to	$11.31	$148	1.09%	1.25% to 1.95%	4.75%	to	5.36%
2004	4	$8.57	to	$10.73	$36	-	1.25% to 1.95%		7.89%
ING Russell™ Large Cap Index Portfolio - Class S
2008	85	$6.67	to	$6.72	$574	(e)	1.15% to 2.45%		(e)
2007	(e)		(e)		(e)	(e)	(e)		(e)
2006	(e)		(e)		(e)	(e)	(e)		(e)
2005	(e)		(e)		(e)	(e)	(e)		(e)
2004	(e)		(e)		(e)	(e)	(e)		(e)
ING Russell™ Mid Cap Index Portfolio - Class S
2008	83	$6.09	to	$6.14	$507	(e)	1.15% to 2.45%		(e)
2007	(e)		(e)		(e)	(e)	(e)		(e)
2006	(e)		(e)		(e)	(e)	(e)		(e)
2005	(e)		(e)		(e)	(e)	(e)		(e)
2004	(e)		(e)		(e)	(e)	(e)		(e)

178


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING Russell™ Small Cap Index Portfolio - Class S
2008	120	$6.92	to	$6.99	$834	(e)	1.05%	to	2.45%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING VP Index Plus LargeCap Portfolio - Class S
2008	428	$6.52	to	$8.16	$3,275	1.85%	1.00%	to	2.60%	-38.94%	to	-38.01%
2007	443	$11.40	to	$13.23	$5,607	0.81%	1.05%	to	2.60%	2.31%	to	3.61%
2006	329	$11.10	to	$12.81	$4,051	0.89%	1.05%	to	2.45%	11.64%	to	13.13%
2005	305	$9.96	to	$11.38	$3,370	0.76%	1.05%	to	2.45%	3.10%	to	4.05%
2004	58	$9.64	to	$10.98	$570	0.61%	1.05%	to	1.95%	8.31%	to	9.05%
ING VP Index Plus MidCap Portfolio - Class S
2008	590	$6.38	to	$9.83	$4,941	1.15%	1.00%	to	2.60%	-39.26%	to	-38.41%
2007	506	$11.17	to	$15.96	$7,246	0.50%	1.05%	to	2.60%	2.82%	to	4.11%
2006	433	$10.75	to	$15.33	$5,948	0.42%	1.05%	to	2.45%	6.57%	to	8.03%
2005	306	$11.52	to	$14.19	$3,933	0.26%	1.05%	to	2.45%	8.68%	to	9.66%
2004	60	$11.39	to	$12.94	$754	0.42%	1.05%	to	2.10%	14.30%	to	15.12%
ING VP Index Plus SmallCap Portfolio - Class S
2008	529	$6.33	to	$10.16	$4,383	0.65%	1.00%	to	2.60%	-35.28%	to	-34.37%
2007	481	$10.15	to	$15.48	$6,353	0.12%	1.05%	to	2.60%	-8.68%	to	-7.47%
2006	377	$10.99	to	$16.73	$5,395	0.25%	1.05%	to	2.45%	10.84%	to	12.28%
2005	292	$12.27	to	$14.90	$3,809	0.17%	1.05%	to	2.45%	5.29%	to	6.28%
2004	61	$11.70	to	$14.02	$817	-	1.05%	to	2.10%	19.39%	to	20.45%
ING VP Small Company Portfolio - Class S
2008	168	$6.89	to	$7.16	$1,169	(e)	1.00%	to	2.45%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)

179


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING WisdomTree^SMGlobal High-Yielding Equity
Index Portfolio - Class S
2008	593	$6.00	to	$6.09	$3,600	(e)	1.15%	to	2.45%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING VP International Value Portfolio - Class S
2008	99	$6.42	to	$6.44	$637	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)
ING VP MidCap Opportunities Portfolio - Class S
2008	459	$6.43	to	$7.15	$3,061	-	1.00%	to	2.45%	-38.62%	to	-38.50%
2007	5	$10.72	to	$10.83	$56	-	1.25%	to	1.40%	23.79%	to	23.91%
2006	5	$8.66	to	$8.74	$45	-	1.25%	to	1.40%	6.00%	to	6.33%
2005	5	$8.17	to	$8.22	$43	-	1.25%	to	1.40%	8.64%	to	8.73%
2004	8	$7.52	to	$7.56	$59	(a)	1.25%	to	1.40%		(a)
ING VP SmallCap Opportunities Portfolio - Class S
2008	82	$6.65	to	$9.32	$631	-	1.00%	to	2.00%	-35.93%	to	-35.41%
2007	45	$8.80	to	$14.43	$633	-	1.25%	to	2.00%	7.68%	to	8.41%
2006	41	$8.13	to	$13.31	$534	-	1.25%	to	1.95%	10.13%	to	11.01%
2005	22	$7.34	to	$11.99	$241	-	1.25%	to	1.95%	7.31%
2004	3		$6.84		$22	-	1.40%			8.40%
ING VP Balanced Portfolio - Class S
2008	23	$7.38	to	$7.77	$176	2.84%	1.00%	to	1.95%	-29.68%	to	-29.04%
2007	23	$10.72	to	$10.95	$247	2.81%	1.05%	to	2.25%	2.88%	to	4.19%
2006	31	$10.42	to	$10.51	$323	(c)	1.05%	to	2.25%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)

180


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
ING VP Intermediate Bond Portfolio - Class S
2008	1,654	$8.89	to	$9.76	$15,658	7.56%	1.00%	to	2.45%	-10.75%	to	-9.57%
2007	745	$10.24	to	$10.87	$8,008	4.77%	1.00%	to	2.45%	3.24%	to	4.52%
2006	374	$10.18	to	$10.40	$3,858	6.02%	1.05%	to	2.45%	1.39%	to	2.47%
2005	109	$10.04	to	$10.11	$1,099	(b)	1.25%	to	2.25%		(b)
2004	(b)		(b)		(b)	(b)		(b)			(b)
Legg Mason Partners Variable International All Cap
Opportunity Portfolio
2008	10	$10.31	to	$10.52	$100	2.01%	1.25%	to	1.40%	-44.18%	to	-44.10%
2007	11	$18.47	to	$18.82	$199	0.96%	1.25%	to	1.40%	4.88%	to	4.96%
2006	12	$17.61	to	$17.93	$219	2.02%	1.25%	to	1.40%	24.10%	to	24.34%
2005	15	$14.19	to	$14.42	$209	1.41%	1.25%	to	1.40%	10.17%	to	10.33%
2004	17	$12.88	to	$13.07	$216	0.89%	1.25%	to	1.40%	16.14%	to	16.38%
Legg Mason Partners Variable Investors Portfolio
2008	45	$6.17	to	$6.19	$278	1.14%	1.25%	to	1.40%	-36.59%	to	-36.45%
2007	62	$9.73	to	$9.74	$603	(d)	1.25%	to	1.40%		(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
Legg Mason Partners Variable Lifestyle Allocation 50%
2008	107	$11.61	to	$11.82	$1,250	3.53%	1.25%	to	1.40%	-28.33%	to	-28.23%
2007	122	$16.20	to	$16.47	$1,982	3.22%	1.25%	to	1.40%	1.76%	to	1.92%
2006	159	$15.92	to	$16.16	$2,545	2.52%	1.25%	to	1.40%	6.70%	to	6.88%
2005	202	$14.92	to	$15.12	$3,021	2.09%	1.25%	to	1.40%	1.08%	to	1.20%
2004	242	$14.76	to	$14.94	$3,579	0.13%	1.25%	to	1.40%	6.11%	to	6.26%
Legg Mason Partners Variable Lifestyle Allocation 70%
2008	47	$9.88	to	$10.06	$462	2.28%	1.25%	to	1.40%	-33.74%	to	-33.64%
2007	57	$14.91	to	$15.16	$856	2.62%	1.25%	to	1.40%	2.40%	to	2.57%
2006	67	$14.56	to	$14.78	$974	1.58%	1.25%	to	1.40%	7.30%	to	7.49%
2005	102	$13.57	to	$13.75	$1,381	1.39%	1.25%	to	1.40%	3.27%	to	3.46%
2004	125	$13.14	to	$13.29	$1,642	0.06%	1.25%	to	1.40%	7.18%	to	7.26%

181


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
Legg Mason Partners Variable Lifestyle Allocation 85%
2008	23	$9.62	to	$9.80	$224	1.61%	1.25%	to	1.40%	-38.29%	to	-38.17%
2007	25	$15.59	to	$15.85	$399	1.42%	1.25%	to	1.40%	1.90%	to	2.06%
2006	29	$15.30	to	$15.53	$447	0.82%	1.25%	to	1.40%	7.90%	to	8.07%
2005	48	$14.18	to	$14.37	$677	0.41%	1.25%	to	1.40%	4.57%	to	4.74%
2004	57	$13.56	to	$13.72	$777	-	1.25%	to	1.40%	9.09%	to	9.24%
Legg Mason Partners Variable High Income Portfolio
2008	10	$11.67	to	$11.92	$116	12.33%	1.25%	to	1.40%	-30.99%	to	-30.86%
2007	10	$16.91	to	$17.24	$176	8.14%	1.25%	to	1.40%	-1.11%	to	-0.92%
2006	13	$17.10	to	$17.40	$217	7.65%	1.25%	to	1.40%	9.40%	to	9.57%
2005	14	$15.63	to	$15.88	$215	7.80%	1.25%	to	1.40%	1.23%	to	1.34%
2004	14	$15.44	to	$15.67	$221	6.64%	1.25%	to	1.40%	8.89%	to	9.05%
Legg Mason Partners Variable Money Market Portfolio
2008	8	$13.54	to	$13.83	$105	2.39%	1.25%	to	1.40%	1.12%	to	1.32%
2007	11	$13.39	to	$13.65	$146	4.19%	1.25%	to	1.40%	3.48%	to	3.57%
2006	14	$12.94	to	$13.18	$188	4.73%	1.25%	to	1.40%	3.19%	to	3.37%
2005	12	$12.54	to	$12.75	$145	2.60%	1.25%	to	1.40%	1.37%	to	1.51%
2004	13	$12.37	to	$12.56	$163	0.87%	1.25%	to	1.40%	-0.56%	to	-0.32%
Oppenheimer Main Street Small Cap Fund®/VA -
Service Class
2008	12	$6.09	to	$6.11	$73	-	1.00%	to	1.20%	-38.65%
2007	5		$9.96		$47	(d)		1.00%			(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
PIMCO Real Return Portfolio - Administrative Class
2008	14	$9.83	to	$9.86	$142	(e)	1.00%	to	1.20%		(e)
2007	(e)		(e)		(e)	(e)		(e)			(e)
2006	(e)		(e)		(e)	(e)		(e)			(e)
2005	(e)		(e)		(e)	(e)		(e)			(e)
2004	(e)		(e)		(e)	(e)		(e)			(e)

182


RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements



						Investment
	Units	Unit Fair Value			Net Assets	Income	Expense Ratio^B			Total Return^C
	(000's)	(lowest to highest)			(000's)	Ratio^A	(lowest to highest)			(lowest to highest)
Pioneer Equity Income VCT Portfolio - Class II
2008	187	$6.85	to	$6.86	$1,279	2.71%	1.00%	to	1.20%	-31.19%
2007	5		$9.97		$47	(d)		1.00%			(d)
2006	(d)		(d)		(d)	(d)		(d)			(d)
2005	(d)		(d)		(d)	(d)		(d)			(d)
2004	(d)		(d)		(d)	(d)		(d)			(d)
Pioneer Small Cap Value VCT Portfolio - Class II
2008	14	$5.88	to	$6.03	$84	-	1.05%	to	1.95%	-39.38%	to	-38.72%
2007	17	$9.70	to	$9.84	$163	0.54%	1.05%	to	1.95%	-9.01%	to	-8.12%
2006	19	$10.66	to	$10.71	$205	(c)	1.05%	to	1.95%		(c)
2005	(c)		(c)		(c)	(c)		(c)			(c)
2004	(c)		(c)		(c)	(c)		(c)			(c)
ProFund VP Bull
2008	8	$6.14	to	$7.73	$57	-	1.25%	to	1.85%	-38.81%	to	-38.38%
2007	9	$10.03	to	$12.59	$108	0.96%	1.25%	to	2.25%	1.24%	to	2.17%
2006	9	$9.86	to	$12.33	$101	0.26%	1.25%	to	2.25%	11.11%	to	12.28%
2005	9	$8.83	to	$11.01	$86	-	1.25%	to	2.25%	0.91%	to	1.46%
2004	8	$8.70	to	$8.91	$70	-	1.25%	to	1.90%		7.48%
ProFund VP Europe 30
2008	8	$7.00	to	$8.71	$62	2.01%	1.25%	to	1.95%	-45.10%	to	-44.71%
2007	9	$12.72	to	$15.78	$137	2.23%	1.25%	to	1.95%	12.38%	to	13.17%
2006	10	$11.30	to	$13.98	$132	0.43%	1.05%	to	1.95%	15.18%	to	16.32%
2005	8	$9.78	to	$12.07	$89	-	1.05%	to	1.95%	6.01%	to	6.98%
2004	21	$9.21	to	$11.32	$235	-	1.05%	to	1.95%		0.00%
ProFund VP Rising Rates Opportunity
2008	36	$4.52	to	$5.28	$181	5.05%	1.05%	to	2.45%	-39.45%	to	-38.57%
2007	50	$7.42	to	$8.69	$413	5.29%	1.05%	to	2.45%	-7.35%	to	-6.21%
2006	56	$7.98	to	$9.30	$495	2.07%	1.05%	to	2.45%	7.67%	to	8.89%
2005	36	$7.39	to	$8.57	$293	-	1.05%	to	2.25%	-9.66%	to	-8.83%
2004	16	$8.17	to	$9.43	$133	(a)	1.05%	to	1.95%		(a)

183

RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT NY-B
Notes to Financial Statements

(a)	As investment Division was not available until 2004, this data is not meaningful and is therefore not presented.
(b)	As investment Division was not available until 2005, this data is not meaningful and is therefore not presented.
(c)	As investment Division was not available until 2006, this data is not meaningful and is therefore not presented.
(d)	As investment Division was not available until 2007, this data is not meaningful and is therefore not presented.
(e)	As investment Division was not available until 2008, this data is not meaningful and is therefore not presented.

A	The Investment Income Ratio represents dividends received by the Division, excluding capital gains distributions divided by the average net assets. The recognition of investment income is determined by the timing of the declaration of dividends by the underlying fund in which the Division invests.
B	The Expense Ratio considers only the expenses borne directly by the Account and is equal to the mortality and expense, administrative and other charges, as defined in Note 5. Certain items in this table are presented as a range of minimum and maximum values; however, such information is calculated independently for each column in the table.
C	Total Return is calculated as the change in unit value for each Contract presented in the Statements of Assets and Liabilities. Certain items in this table are presented as a range of minimum and maximum values; however, such information is calculated independently for each column in the table.

184

CONDENSED FINANCIAL INFORMATION


	Separate Account Annual Charges of 1.05%

	2008	2007	2006	2005	2004	2003

COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during April 2006)
Value at beginning of period	$12.97	$13.46	$12.99
Value at end of period	$9.22	$12.97	$13.46
Number of accumulation units outstanding at end of period	0	222	222
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$18.57	$16.00	$14.51	$12.57	$11.03	$10.00
Value at end of period	$10.53	$18.57	$16.00	$14.51	$12.57	$11.03
Number of accumulation units outstanding at end of period	11,829	13,703	14,467	10,615	10,696	5,194
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.85	$13.83	$11.65	$11.15	$10.13	$10.00
Value at end of period	$7.84	$13.85	$13.83	$11.65	$11.15	$10.13
Number of accumulation units outstanding at end of period	6,136	6,243	12,728	12,851	13,601	5,826
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.60	$14.13	$12.46	$11.95	$11.00	$10.00
Value at end of period	$8.93	$14.60	$14.13	$12.46	$11.95	$11.00
Number of accumulation units outstanding at end of period	8,887	9,060	8,448	9,861	8,407	144
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$16.39	$14.82	$13.66	$11.94	$10.79
Value at end of period	$9.04	$16.39	$14.82	$13.66	$11.94
Number of accumulation units outstanding at end of period	10,818	10,920	10,653	11,813	12,165
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$22.61	$19.14	$16.34	$13.66	$11.76
Value at end of period	$12.87	$22.61	$19.14	$16.34	$13.66
Number of accumulation units outstanding at end of period	671	699	723	844	983
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during August 2005)
Value at beginning of period	$13.21	$12.58	$11.03	$11.00
Value at end of period	$7.68	$13.21	$12.58	$11.03
Number of accumulation units outstanding at end of period	381	406	430	455
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.06	$12.36	$11.66	$10.92
Value at end of period	$7.87	$13.06	$12.36	$11.66
Number of accumulation units outstanding at end of period	1,886	1,886	1,888	1,889

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING BLACKROCK LARGE CAP VALUE PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$13.32	$12.91	$12.32
Value at end of period	$8.53	$13.32	$12.91
Number of accumulation units outstanding at end of period	0	844	844
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.13	$12.23	$10.85	$9.93	$8.61
Value at end of period	$9.27	$13.13	$12.23	$10.85	$9.93
Number of accumulation units outstanding at end of period	3,475	3,615	3,642	6,400	880
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.48	$11.30	$10.82	$10.54
Value at end of period	$8.95	$12.48	$11.30	$10.82
Number of accumulation units outstanding at end of period	1,063	1,063	1,063	1,062
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$11.12	$10.95	$10.94
Value at end of period	$7.79	$11.12	$10.95
Number of accumulation units outstanding at end of period	0	1,690	1,878
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during August 2007)
Value at beginning of period	$11.92	$11.71
Value at end of period	$7.34	$11.92
Number of accumulation units outstanding at end of period	2,264	2,470
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$21.25	$16.12	$16.27
Value at end of period	$12.41	$21.25	$16.12
Number of accumulation units outstanding at end of period	1,531	243	177
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$19.17	$16.03	$14.22
Value at end of period	$9.68	$19.17	$16.03
Number of accumulation units outstanding at end of period	2,098	2,549	406
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$25.34	$18.49	$16.05
Value at end of period	$12.22	$25.34	$18.49
Number of accumulation units outstanding at end of period	1,606	1,896	2,026
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.67	$17.45	$15.14	$14.10	$11.82	$10.00
Value at end of period	$11.71	$17.67	$17.45	$15.14	$14.10	$11.82
Number of accumulation units outstanding at end of period	1,121	1,834	1,980	2,059	1,643	1,642
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.99	$15.41	$13.35	$13.01	$10.44	$10.00
Value at end of period	$10.39	$14.99	$15.41	$13.35	$13.01	$10.44
Number of accumulation units outstanding at end of period	960	1,170	2,451	2,307	1,799	185

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.39	$12.67	$10.66	$10.42
Value at end of period	$7.42	$12.39	$12.67	$10.66
Number of accumulation units outstanding at end of period	1,421	4,768	5,429	8,760
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$21.00	$18.22	$15.61
Value at end of period	$11.71	$21.00	$18.22
Number of accumulation units outstanding at end of period	0	64	64
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.63	$14.04	$12.90	$11.63
Value at end of period	$8.18	$13.63	$14.04	$12.90
Number of accumulation units outstanding at end of period	575	575	575	575
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.98	$10.73	$10.18	$9.71	$8.62	$10.00
Value at end of period	$4.40	$9.98	$10.73	$10.18	$9.71	$8.62
Number of accumulation units outstanding at end of period	4,450	4,080	3,898	3,879	3,878	2,679
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.00
Value at end of period	$10.23
Number of accumulation units outstanding at end of period	62
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during October 2006)
Value at beginning of period	$13.87	$13.49	$12.76
Value at end of period	$8.70	$13.87	$13.49
Number of accumulation units outstanding at end of period	883	884	885
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$13.38	$12.92	$11.79
Value at end of period	$9.06	$13.38	$12.92
Number of accumulation units outstanding at end of period	19,774	19,209	21,171
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$12.96	$12.47	$11.82
Value at end of period	$9.49	$12.96	$12.47
Number of accumulation units outstanding at end of period	1,984	5,243	5,250
ING LIQUID ASSETS PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$18.10	$17.43	$16.99
Value at end of period	$18.35	$18.10	$17.43
Number of accumulation units outstanding at end of period	58,287	717	102
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$18.22	$15.27	$12.45	$11.23
Value at end of period	$9.10	$18.22	$15.27	$12.45
Number of accumulation units outstanding at end of period	1,219	1,819	2,008	1,435

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$29.19	$28.36	$25.61	$25.15	$22.87	$10.00
Value at end of period	$22.43	$29.19	$28.36	$25.61	$25.15	$22.87
Number of accumulation units outstanding at end of period	3,722	5,912	5,626	5,933	5,121	1,397
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.82	$14.05	$12.03	$10.06
Value at end of period	$8.75	$14.82	$14.05	$12.03
Number of accumulation units outstanding at end of period	3,548	3,746	3,925	4,136
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$16.97	$16.13	$13.86	$12.37	$10.87	$10.00
Value at end of period	$10.00	$16.97	$16.13	$13.86	$12.37	$10.87
Number of accumulation units outstanding at end of period	811	812	813	202	3,726	1,123
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$26.34	$25.53	$22.44	$21.45	$19.21	$10.00
Value at end of period	$15.98	$26.34	$25.53	$22.44	$21.45	$19.21
Number of accumulation units outstanding at end of period	663	663	663	753	607	607
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.88	$14.73	$14.27	$14.07	$13.56	$10.00
Value at end of period	$16.38	$15.88	$14.73	$14.27	$14.07	$13.56
Number of accumulation units outstanding at end of period	6,600	8,528	8,574	8,560	8,679	2,680
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.29	$12.07	$11.20	$10.85	$10.00
Value at end of period	$9.42	$12.29	$12.07	$11.20	$10.85
Number of accumulation units outstanding at end of period	2,074	5,386	6,722	6,615	6,112
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.06
Value at end of period	$6.99
Number of accumulation units outstanding at end of period	3,531
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.92	$12.51	$11.03	$10.79
Value at end of period	$9.27	$12.92	$12.51	$11.03
Number of accumulation units outstanding at end of period	1,473	414	438	463
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.86	$13.59	$11.53	$11.02
Value at end of period	$8.82	$13.86	$13.59	$11.53
Number of accumulation units outstanding at end of period	0	486	486	540
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$12.78	$11.21	$9.79
Value at end of period	$7.51	$12.78	$11.21
Number of accumulation units outstanding at end of period	1,869	1,870	1,871

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.65	$13.66	$12.08	$11.17
Value at end of period	$8.10	$13.65	$13.66	$12.08
Number of accumulation units outstanding at end of period	598	598	598	598
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$14.84
Value at end of period	$7.86
Number of accumulation units outstanding at end of period	3,628
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.00	$14.47	$12.62	$12.33	$10.67	$10.00
Value at end of period	$8.80	$14.00	$14.47	$12.62	$12.33	$10.67
Number of accumulation units outstanding at end of period	6,489	6,843	6,890	7,029	6,994	5,965
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$17.86	$21.94	$16.11	$13.55
Value at end of period	$10.86	$17.86	$21.94	$16.11
Number of accumulation units outstanding at end of period	529	613	668	583
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.05	$11.63	$10.28	$9.88	$9.06	$10.00
Value at end of period	$7.47	$12.05	$11.63	$10.28	$9.88	$9.06
Number of accumulation units outstanding at end of period	9,181	13,755	14,665	15,902	17,336	2,261
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.96	$15.33	$14.19	$12.94	$11.24	$10.00
Value at end of period	$9.83	$15.96	$15.33	$14.19	$12.94	$11.24
Number of accumulation units outstanding at end of period	3,194	4,643	4,910	5,208	5,699	2,393
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.48	$16.73	$14.90	$14.02	$11.64	$10.00
Value at end of period	$10.16	$15.48	$16.73	$14.90	$14.02	$11.64
Number of accumulation units outstanding at end of period	218	942	1,659	1,840	1,842	1,049
ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$10.87	$10.40	$10.00
Value at end of period	$9.83	$10.87	$10.40
Number of accumulation units outstanding at end of period	0	1,815	1,945
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$7.70	$8.21	$7.54	$8.27	$8.75
Value at end of period	$4.73	$7.70	$8.21	$7.54	$8.27
Number of accumulation units outstanding at end of period	687	3,057	3,231	528	528

Empire Traditions


	Condensed Financial Information (continued)




	Separate Account Annual Charges of 1.25%

	2008	2007	2006	2005	2004	2003

AIM V.I. LEISURE FUND
(Fund first available during May 2003)
Value at beginning of period	$14.13	$14.43	$11.73	$11.24
Value at end of period	$7.95	$14.13	$14.43	$11.73
Number of accumulation units outstanding at end of period	786	953	4,406	4,579
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.15
Value at end of period	$8.00
Number of accumulation units outstanding at end of period	131,313
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during May 2005)
Value at beginning of period	$12.90	$13.41	$11.38	$10.43
Value at end of period	$9.15	$12.90	$13.41	$11.38
Number of accumulation units outstanding at end of period	19,699	22,502	22,535	14,990
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$18.33	$15.82	$14.38	$12.48	$10.98	$10.00
Value at end of period	$10.37	$18.33	$15.82	$14.38	$12.48	$10.98
Number of accumulation units outstanding at end of period	452,705	336,347	249,402	90,276	17,580	4,395
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.67	$13.67	$11.55	$11.07	$10.08	$10.00
Value at end of period	$7.72	$13.67	$13.67	$11.55	$11.07	$10.08
Number of accumulation units outstanding at end of period	105,147	102,129	64,510	33,603	16,686	3,715
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.92	$12.71	$12.65	$11.32
Value at end of period	$7.36	$13.92	$12.71	$12.65
Number of accumulation units outstanding at end of period	77,683	49,590	45,448	25,902
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.06
Value at end of period	$7.20
Number of accumulation units outstanding at end of period	11,165
ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$10.02
Value at end of period	$8.86
Number of accumulation units outstanding at end of period	346,094
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.48	$14.03	$12.40	$11.92	$11.00	$10.00
Value at end of period	$8.84	$14.48	$14.03	$12.40	$11.92	$11.00
Number of accumulation units outstanding at end of period	562,553	458,954	308,746	152,976	13,726	785

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$16.25	$14.72	$13.60	$11.91	$10.78	$10.00
Value at end of period	$8.94	$16.25	$14.72	$13.60	$11.91	$10.78
Number of accumulation units outstanding at end of period	973,551	651,428	417,782	154,103	25,130	788
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$22.41	$19.01	$16.26	$13.62	$11.62	$10.00
Value at end of period	$12.73	$22.41	$19.01	$16.26	$13.62	$11.62
Number of accumulation units outstanding at end of period	273,601	249,916	137,611	72,215	12,995	753
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.14	$12.54	$11.02	$10.32
Value at end of period	$7.62	$13.14	$12.54	$11.02
Number of accumulation units outstanding at end of period	242,331	185,077	122,778	22,953
ING BLACKROCK GLOBAL SCIENCE AND TECHNOLOGY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.99
Value at end of period	$6.51
Number of accumulation units outstanding at end of period	49,136
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.99	$12.32	$11.65	$10.91
Value at end of period	$7.81	$12.99	$12.32	$11.65
Number of accumulation units outstanding at end of period	88,482	30,020	10,061	1,111
ING BLACKROCK LARGE CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.25	$12.86	$11.20	$10.59
Value at end of period	$8.46	$13.25	$12.86	$11.20
Number of accumulation units outstanding at end of period	18,271	19,515	7,436	1,112
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$10.23	$10.06	$10.22
Value at end of period	$6.66	$10.23	$10.06
Number of accumulation units outstanding at end of period	105,155	65,748	22,521
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$11.46	$11.15	$10.16
Value at end of period	$6.88	$11.46	$11.15
Number of accumulation units outstanding at end of period	198,967	122,556	39,777
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.04	$12.16	$10.81	$9.92	$9.10
Value at end of period	$9.18	$13.04	$12.16	$10.81	$9.92
Number of accumulation units outstanding at end of period	154,642	149,840	140,305	58,095	1,602
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.39	$11.24	$10.78	$10.02
Value at end of period	$8.86	$12.39	$11.24	$10.78
Number of accumulation units outstanding at end of period	7,131	6,592	1,027	1,028

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING FMR^SMDIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$15.03	$13.29	$12.03	$10.25
Value at end of period	$9.03	$15.03	$13.29	$12.03
Number of accumulation units outstanding at end of period	131,940	86,660	45,962	23,794
ING FOCUS 5 PORTFOLIO
(Funds were first received in this option during December 2007)
Value at beginning of period	$9.95	$9.70
Value at end of period	$5.59	$9.95
Number of accumulation units outstanding at end of period	21,430	7,217
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$11.09	$10.94	$10.01
Value at end of period	$7.74	$11.09	$10.94
Number of accumulation units outstanding at end of period	290,278	202,528	42,579
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.90	$12.54
Value at end of period	$7.31	$11.90
Number of accumulation units outstanding at end of period	195,495	136,081
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$9.62	$10.19
Value at end of period	$6.11	$9.62
Number of accumulation units outstanding at end of period	193,793	63,615
ING GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$12.48	$13.64	$10.33
Value at end of period	$7.24	$12.48	$13.64
Number of accumulation units outstanding at end of period	88,338	52,029	13,686
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$21.14	$16.06	$13.40	$9.68
Value at end of period	$12.31	$21.14	$16.06	$13.40
Number of accumulation units outstanding at end of period	142,019	78,152	54,746	24,945
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$19.03	$15.94	$13.12	$11.36
Value at end of period	$9.59	$19.03	$15.94	$13.12
Number of accumulation units outstanding at end of period	252,271	61,221	10,838	2,946
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$25.20	$18.43	$13.74	$10.86
Value at end of period	$12.13	$25.20	$18.43	$13.74
Number of accumulation units outstanding at end of period	234,750	167,219	78,420	23,627
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.47	$17.29	$15.02	$14.02	$11.78	$10.00
Value at end of period	$11.55	$17.47	$17.29	$15.02	$14.02	$11.78
Number of accumulation units outstanding at end of period	39,177	12,624	19,297	20,685	8,711	205

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.82	$15.26	$13.25	$12.94	$10.41	$10.00
Value at end of period	$10.25	$14.82	$15.26	$13.25	$12.94	$10.41
Number of accumulation units outstanding at end of period	85,644	133,155	96,791	47,104	3,327	361
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.32	$12.62	$10.65	$10.11
Value at end of period	$7.36	$12.32	$12.62	$10.65
Number of accumulation units outstanding at end of period	63,628	58,130	60,088	33,333
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$20.76	$18.05	$14.15	$12.42	$11.24
Value at end of period	$11.56	$20.76	$18.05	$14.15	$12.42
Number of accumulation units outstanding at end of period	242,282	159,323	75,016	38,017	11,132
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.51	$13.95	$12.84	$11.69	$10.83
Value at end of period	$8.09	$13.51	$13.95	$12.84	$11.69
Number of accumulation units outstanding at end of period	21,404	21,774	11,763	7,481	3,006
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.84	$10.60	$10.08	$9.63	$8.56	$10.00
Value at end of period	$4.33	$9.84	$10.60	$10.08	$9.63	$8.56
Number of accumulation units outstanding at end of period	199,557	212,805	181,274	79,625	5,212	1,377
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.02
Value at end of period	$10.21
Number of accumulation units outstanding at end of period	23,801
ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.27	$14.00	$12.00	$10.80
Value at end of period	$8.20	$14.27	$14.00	$12.00
Number of accumulation units outstanding at end of period	774,502	693,607	557,375	160,030
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.76	$13.42	$11.77	$10.65
Value at end of period	$8.62	$13.76	$13.42	$11.77
Number of accumulation units outstanding at end of period	1,501,518	1,133,855	750,599	183,023
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.28	$12.85	$11.47	$10.98	$9.85
Value at end of period	$8.97	$13.28	$12.85	$11.47	$10.98
Number of accumulation units outstanding at end of period	1,868,733	1,089,467	662,031	254,562	7,470
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.86	$12.41	$11.28	$10.68
Value at end of period	$9.40	$12.86	$12.41	$11.28
Number of accumulation units outstanding at end of period	602,631	403,700	306,482	103,428

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING LIQUID ASSETS PORTFOLIO
(Fund first available during November 2003)
Value at beginning of period	$17.45	$16.83	$16.29	$16.09	$16.10	$16.18
Value at end of period	$17.65	$17.45	$16.83	$16.29	$16.04	$16.10
Number of accumulation units outstanding at end of period	320,053	149,052	72,810	22,134	13,566	7,332
ING LORD ABBETT AFFILIATED PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.01	$14.60	$12.57	$12.22
Value at end of period	$9.40	$15.01	$14.60	$12.57
Number of accumulation units outstanding at end of period	4,457	4,506	4,275	47
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.10	$12.51	$12.07	$11.22	$10.11
Value at end of period	$8.31	$14.10	$12.51	$12.07	$11.22
Number of accumulation units outstanding at end of period	123,543	93,928	70,893	48,767	29,775
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$18.13	$15.22	$12.43	$10.14
Value at end of period	$9.04	$18.13	$15.22	$12.43
Number of accumulation units outstanding at end of period	173,267	58,960	33,860	25,653
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$28.42	$27.67	$25.03	$24.63	$22.45	$10.00
Value at end of period	$21.79	$28.42	$27.67	$25.03	$24.63	$22.45
Number of accumulation units outstanding at end of period	73,726	69,490	52,936	60,932	28,054	151
ING MFS UTILITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$18.54	$14.74	$11.41	$10.35
Value at end of period	$11.40	$18.54	$14.74	$11.41
Number of accumulation units outstanding at end of period	181,270	142,734	87,799	22,879
ING MULTI-MANAGER INTERNATIONAL SMALL CAP EQUITY
PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.17
Value at end of period	$5.35
Number of accumulation units outstanding at end of period	18,577
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.73	$14.00	$12.02	$10.06
Value at end of period	$8.68	$14.73	$14.00	$12.02
Number of accumulation units outstanding at end of period	1,960	2,112	2,166	2,287
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$16.78	$15.98	$13.76	$12.30	$11.14
Value at end of period	$9.86	$16.78	$15.98	$13.76	$12.30
Number of accumulation units outstanding at end of period	160,981	156,178	96,821	24,471	4
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$25.64	$24.90	$21.94	$21.01	$20.55
Value at end of period	$15.52	$25.64	$24.90	$21.94	$21.01
Number of accumulation units outstanding at end of period	31,305	27,307	14,382	25,660	24,909


Empire Traditions		10


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING OPPORTUNISTIC LARGECAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.72	$10.57	$9.24	$8.77	$8.15
Value at end of period	$6.80	$10.72	$10.57	$9.24	$8.77
Number of accumulation units outstanding at end of period	240	241	241	241	242
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.46	$14.37	$13.95	$13.78	$13.31	$10.00
Value at end of period	$15.91	$15.46	$14.37	$13.95	$13.78	$13.31
Number of accumulation units outstanding at end of period	297,314	132,526	166,024	115,288	0	1,996
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.20	$12.01	$11.16	$10.83	$10.00
Value at end of period	$9.33	$12.20	$12.01	$11.16	$10.83
Number of accumulation units outstanding at end of period	100,970	106,687	54,172	34,470	8,911
ING PIONEER FUND PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.15	$12.67	$10.99	$10.44
Value at end of period	$8.48	$13.15	$12.67	$10.99
Number of accumulation units outstanding at end of period	3,793	3,666	1,462	2,028
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.61	$12.10	$10.91	$10.36
Value at end of period	$8.33	$12.61	$12.10	$10.91
Number of accumulation units outstanding at end of period	214,684	111,584	88,856	40,622
ING RUSSELL^TMLARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.05
Value at end of period	$6.72
Number of accumulation units outstanding at end of period	46,481
ING RUSSELL^TMMID CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.85
Value at end of period	$6.14
Number of accumulation units outstanding at end of period	18,433
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.77
Value at end of period	$6.98
Number of accumulation units outstanding at end of period	18,746
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.85	$12.47	$11.01	$10.22
Value at end of period	$9.20	$12.85	$12.47	$11.01
Number of accumulation units outstanding at end of period	882,397	636,499	284,773	47,372
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.76	$13.52	$11.49	$11.20	$9.75
Value at end of period	$8.73	$13.76	$13.52	$11.49	$11.20
Number of accumulation units outstanding at end of period	169,512	198,755	154,789	60,200	10,114

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$10.18	$10.29
Value at end of period	$5.80	$10.18
Number of accumulation units outstanding at end of period	29,692	5,957
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$12.74	$11.20	$9.81
Value at end of period	$7.47	$12.74	$11.20
Number of accumulation units outstanding at end of period	146,340	55,030	8,763
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.01	$13.86	$11.51	$10.30
Value at end of period	$8.35	$14.01	$13.86	$11.51
Number of accumulation units outstanding at end of period	132,520	205,144	113,249	10,137
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.54	$13.59	$12.04	$11.02
Value at end of period	$8.02	$13.54	$13.59	$12.04
Number of accumulation units outstanding at end of period	15,641	16,042	11,441	5,179
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$15.58	$13.01	$12.66	$11.76
Value at end of period	$7.80	$15.58	$13.01	$12.66
Number of accumulation units outstanding at end of period	30,798	13,034	12,663	7,725
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.84	$14.34	$12.53	$12.26	$10.92
Value at end of period	$8.68	$13.84	$14.34	$12.53	$12.26
Number of accumulation units outstanding at end of period	74,744	83,594	60,885	49,014	2,107
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.31	$12.07	$10.87	$10.34
Value at end of period	$9.29	$12.31	$12.07	$10.87
Number of accumulation units outstanding at end of period	36,970	25,986	12,238	11,146
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.84	$12.77	$10.66	$10.06
Value at end of period	$9.76	$13.84	$12.77	$10.66
Number of accumulation units outstanding at end of period	30,191	101,207	34,845	862
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.91	$12.74	$11.13	$10.37
Value at end of period	$8.64	$12.91	$12.74	$11.13
Number of accumulation units outstanding at end of period	48,457	39,535	27,817	17,656
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$17.72	$21.82	$16.05	$13.92	$11.73
Value at end of period	$10.76	$17.72	$21.82	$16.05	$13.92
Number of accumulation units outstanding at end of period	120,927	130,135	46,576	29,167	7,477

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING VP GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.39
Value at end of period	$6.11
Number of accumulation units outstanding at end of period	23,803
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.90	$11.50	$10.19	$9.81	$9.01	$10.00
Value at end of period	$7.35	$11.90	$11.50	$10.19	$9.81	$9.01
Number of accumulation units outstanding at end of period	69,344	128,669	62,669	29,599	15,049	491
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.75	$15.16	$14.06	$12.85	$11.18	$10.00
Value at end of period	$9.69	$15.75	$15.16	$14.06	$12.85	$11.18
Number of accumulation units outstanding at end of period	99,125	100,531	64,209	43,839	9,843	4,155
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.28	$16.55	$14.77	$13.93	$11.58	$10.00
Value at end of period	$10.01	$15.28	$16.55	$14.77	$13.93	$11.58
Number of accumulation units outstanding at end of period	58,407	61,324	38,457	37,399	10,443	2,811
ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.81	$10.36	$10.11	$10.06
Value at end of period	$9.76	$10.81	$10.36	$10.11
Number of accumulation units outstanding at end of period	176,738	406,528	191,871	60,873
ING VP INTERNATIONAL INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.32
Value at end of period	$6.07
Number of accumulation units outstanding at end of period	73,108
ING VP MIDCAP OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$10.06
Value at end of period	$6.48
Number of accumulation units outstanding at end of period	78,699
ING VP SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.43	$13.31	$11.99	$10.71
Value at end of period	$9.32	$14.43	$13.31	$11.99
Number of accumulation units outstanding at end of period	8,649	13,101	11,879	2,080
ING VP SMALL COMPANY PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.68
Value at end of period	$7.16
Number of accumulation units outstanding at end of period	4,432
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$10.92	$11.48	$10.94
Value at end of period	$7.25	$10.92	$11.48
Number of accumulation units outstanding at end of period	11,469	12,700	10,845

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$9.95
Value at end of period	$6.09
Number of accumulation units outstanding at end of period	177,688
PROFUND VP BULL
(Fund first available during May 2003)
Value at beginning of period	$10.37	$10.15	$9.04	$8.91	$8.33
Value at end of period	$6.39	$10.37	$10.15	$9.04	$8.91
Number of accumulation units outstanding at end of period	700	1,236	964	1,602	1,119
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$13.15	$11.62	$10.02	$9.23	$9.13
Value at end of period	$7.27	$13.15	$11.62	$10.02	$9.38
Number of accumulation units outstanding at end of period	1,194	1,566	1,643	473	619
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$7.64	$8.16	$7.50	$8.25	$9.05
Value at end of period	$4.68	$7.64	$8.16	$7.50	$8.25
Number of accumulation units outstanding at end of period	7,424	7,772	7,652	2,733	1,394



	Separate Account Annual Charges of 1.40%

	2008	2007	2006	2005	2004	2003

COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during September 2005)
Value at beginning of period	$12.85	$13.37	$11.36	$11.35
Value at end of period	$9.10	$12.85	$13.37	$11.36
Number of accumulation units outstanding at end of period	122	122	143	288
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$18.15	$15.69	$14.28	$12.42	$11.21
Value at end of period	$10.26	$18.15	$15.69	$14.28	$12.42
Number of accumulation units outstanding at end of period	1,600	2,097	1,786	11,110	1,231
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$12.99	$13.01	$11.45
Value at end of period	$7.33	$12.99	$13.01
Number of accumulation units outstanding at end of period	0	0	452
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$22.65	$20.72	$20.65	$19.60
Value at end of period	$11.97	$22.65	$20.72	$20.65
Number of accumulation units outstanding at end of period	16,315	23,321	28,942	68,568

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.38	$13.96	$12.35	$11.90
Value at end of period	$8.76	$14.38	$13.96	$12.35
Number of accumulation units outstanding at end of period	15,519	14,906	16,239	34,440
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$16.14	$14.65	$13.55	$11.89	$10.77	$10.00
Value at end of period	$8.87	$16.14	$14.65	$13.55	$11.89	$10.77
Number of accumulation units outstanding at end of period	8,773	9,423	10,146	22,148	5,860	571
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$22.26	$18.91	$16.21	$13.59	$11.62	$10.00
Value at end of period	$12.63	$22.26	$18.91	$16.21	$13.59	$11.62
Number of accumulation units outstanding at end of period	4,404	4,695	6,544	14,672	6,356	441
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$13.08	$12.51	$11.01	$11.03
Value at end of period	$7.58	$13.08	$12.51	$11.01
Number of accumulation units outstanding at end of period	604	94	111	1,936
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.93	$12.29	$11.63	$10.90
Value at end of period	$7.77	$12.93	$12.29	$11.63
Number of accumulation units outstanding at end of period	2,957	2,982	3,463	6,956
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during March 2006)
Value at beginning of period	$12.94	$11.76	$11.46
Value at end of period	$9.24	$12.94	$11.76
Number of accumulation units outstanding at end of period	0	0	1,059
ING FMR^SMDIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$16.72	$14.81	$13.42	$11.65
Value at end of period	$10.03	$16.72	$14.81	$13.42
Number of accumulation units outstanding at end of period	116,079	134,973	26,862	55,524
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$47.29	$35.99	$30.06	$22.13
Value at end of period	$27.51	$47.29	$35.99	$30.06
Number of accumulation units outstanding at end of period	2,348	3,011	3,542	9,236
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$17.16	$14.40	$11.87	$10.41
Value at end of period	$8.63	$17.16	$14.40	$11.87
Number of accumulation units outstanding at end of period	76,639	100,458	3,957	10,176
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$25.43	$18.63	$13.91	$10.46
Value at end of period	$12.22	$25.43	$18.63	$13.91
Number of accumulation units outstanding at end of period	9,932	15,322	23,269	52,282

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.32	$17.17	$14.94	$13.97	$11.75	$10.00
Value at end of period	$11.44	$17.32	$17.17	$14.94	$13.97	$11.75
Number of accumulation units outstanding at end of period	90	90	90	182	91	91
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during July 2006)
Value at beginning of period	$12.69	$13.09	$11.44
Value at end of period	$8.76	$12.69	$13.09
Number of accumulation units outstanding at end of period	0	0	147
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.35	$15.11	$11.86	$11.85
Value at end of period	$9.64	$17.35	$15.11	$11.86
Number of accumulation units outstanding at end of period	1,932	1,973	844	1,688
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.73	$10.50	$10.00	$9.56
Value at end of period	$4.27	$9.73	$10.50	$10.00
Number of accumulation units outstanding at end of period	5,276	6,214	7,514	25,718
ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during July 2006)
Value at beginning of period	$13.57	$13.33	$11.97
Value at end of period	$7.79	$13.57	$13.33
Number of accumulation units outstanding at end of period	0	12,440	12,444
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during July 2006)
Value at beginning of period	$12.62	$12.22	$11.18
Value at end of period	$8.51	$12.62	$12.22
Number of accumulation units outstanding at end of period	0	0	4,854
ING LIFESTYLE MODERATE PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$12.36	$12.36	$11.25	$10.52
Value at end of period	$9.34	$12.79	$12.36	$11.25
Number of accumulation units outstanding at end of period	592	0	2,680	3,676
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.95	$16.38	$15.87	$15.66
Value at end of period	$17.12	$16.95	$16.38	$15.87
Number of accumulation units outstanding at end of period	62,955	73,336	35,603	71,510
ING LORD ABBETT AFFILIATED PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.02	$13.65	$11.77	$11.32
Value at end of period	$8.77	$14.02	$13.65	$11.77
Number of accumulation units outstanding at end of period	6,163	8,931	10,545	21,808
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$19.09	$16.96	$16.39	$15.26
Value at end of period	$11.23	$19.09	$16.96	$16.39
Number of accumulation units outstanding at end of period	150,937	162,196	186,434	499,354

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$18.05	$15.18	$12.42	$11.22
Value at end of period	$8.99	$18.05	$15.18	$12.42
Number of accumulation units outstanding at end of period	231	2,188	2,925	26,238
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$27.86	$27.17	$24.62	$24.26
Value at end of period	$21.33	$27.86	$27.17	$24.62
Number of accumulation units outstanding at end of period	36,459	41,881	59,875	140,256
ING MFS UTILITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$18.46	$14.70	$11.40	$11.70
Value at end of period	$11.34	$18.46	$14.70	$11.40
Number of accumulation units outstanding at end of period	443	1,167	1,109	2,218
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.55	$13.88	$11.97	$11.51
Value at end of period	$8.54	$14.55	$13.88	$11.97
Number of accumulation units outstanding at end of period	2,847	1,866	1,867	2,496
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$25.14	$24.46	$21.58	$20.70
Value at end of period	$15.20	$25.14	$24.46	$21.58
Number of accumulation units outstanding at end of period	15,657	16,603	25,754	60,566
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.16	$14.11	$13.71	$13.57
Value at end of period	$15.57	$15.16	$14.11	$13.71
Number of accumulation units outstanding at end of period	13,315	12,591	15,728	48,296
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.13	$11.96	$11.13	$10.82
Value at end of period	$9.26	$12.13	$11.96	$11.13
Number of accumulation units outstanding at end of period	40,676	40,301	44,883	100,144
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.56	$12.07	$10.90	$10.89
Value at end of period	$8.28	$12.56	$12.07	$10.90
Number of accumulation units outstanding at end of period	31,608	1,435	224	448
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.05
Value at end of period	$6.97
Number of accumulation units outstanding at end of period	624
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$49.06	$47.66	$42.17	$39.69
Value at end of period	$35.06	$49.06	$47.66	$42.17
Number of accumulation units outstanding at end of period	10,972	13,894	14,592	38,094

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$34.97	$34.41	$29.30	$28.60
Value at end of period	$22.17	$34.97	$34.41	$29.30
Number of accumulation units outstanding at end of period	10,776	15,378	20,456	56,242
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$26.69	$26.44	$21.99	$20.30
Value at end of period	$15.88	$26.69	$26.44	$21.99
Number of accumulation units outstanding at end of period	21,696	24,938	34,715	81,720
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$11.83
Value at end of period	$9.24
Number of accumulation units outstanding at end of period	13,738
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$13.16
Value at end of period	$9.71
Number of accumulation units outstanding at end of period	786
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$32.41	$32.04	$28.01	$25.81
Value at end of period	$21.66	$32.41	$32.04	$28.01
Number of accumulation units outstanding at end of period	26,001	30,725	39,982	109,794
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$65.61	$80.89	$59.61	$51.76	$38.11
Value at end of period	$39.77	$65.61	$80.89	$59.61	$51.76
Number of accumulation units outstanding at end of period	1,059	1,976	2,551	7,048	6,049
ING VP GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$8.43
Value at end of period	$6.10
Number of accumulation units outstanding at end of period	22,651
ING VP INDEX PLUS LARGECAP PORTFOLIO
Value at beginning of period	$12.73	$12.33	$10.94
Value at end of period	$7.86	$12.73
Number of accumulation units outstanding at end of period	0	0
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$11.75	$12.75	$12.82
Value at end of period	$7.69	$11.75	$12.75
Number of accumulation units outstanding at end of period	364	365	208
ING VP SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$8.80	$8.13	$7.34	$6.84
Value at end of period	$5.68	$8.80	$8.13	$7.34
Number of accumulation units outstanding at end of period	0	2,473	2,472	6,328

Empire Traditions


Condensed Financial Information (continued)



	2008	2007	2006	2005	2004	2003

ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.06
Value at end of period	$6.08
Number of accumulation units outstanding at end of period	84
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$7.59	$8.12	$7.47	$8.23
Value at end of period	$4.64	$7.59	$8.12	$7.47
Number of accumulation units outstanding at end of period	0	0	6,893	14,296



	Separate Account Annual Charges of 1.45%

	2008	2007	2006	2005	2004

AIM V.I. LEISURE FUND
(Fund first available during May 2003)
Value at beginning of period	$13.86	$14.18	$11.55	$11.04
Value at end of period	$7.78	$13.86	$14.18	$11.55
Number of accumulation units outstanding at end of period	148	149	766	772
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.16
Value at end of period	$7.99
Number of accumulation units outstanding at end of period	101,667
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during May 2005)
Value at beginning of period	$12.83	$13.36	$11.36	$10.73
Value at end of period	$9.08	$12.83	$13.36	$11.36
Number of accumulation units outstanding at end of period	24,220	25,078	25,963	14,166
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.49	$14.26	$12.99	$11.30	$11.14
Value at end of period	$9.31	$16.49	$14.26	$12.99	$11.30
Number of accumulation units outstanding at end of period	438,608	216,995	136,022	35,137	1,345
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.39	$13.42	$11.35	$10.91	$9.83
Value at end of period	$7.55	$13.39	$13.42	$11.35	$10.91
Number of accumulation units outstanding at end of period	97,342	110,859	73,025	20,862	264
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.84	$12.67	$12.63	$11.30
Value at end of period	$7.31	$13.84	$12.67	$12.63
Number of accumulation units outstanding at end of period	107,743	68,402	43,920	5,523

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.16
Value at end of period	$7.19
Number of accumulation units outstanding at end of period	67,518
ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$9.91
Value at end of period	$8.84
Number of accumulation units outstanding at end of period	131,457
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.14	$12.76	$11.30	$10.89	$10.21
Value at end of period	$8.01	$13.14	$12.76	$11.30	$10.89
Number of accumulation units outstanding at end of period	689,190	502,005	370,765	142,343	2,440
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.26	$13.86	$12.83	$11.26	$10.41
Value at end of period	$8.38	$15.26	$13.86	$12.83	$11.26
Number of accumulation units outstanding at end of period	994,914	685,178	478,920	125,911	224
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$18.82	$16.00	$13.71	$11.51	$10.55
Value at end of period	$10.67	$18.82	$16.00	$13.71	$11.51
Number of accumulation units outstanding at end of period	447,504	288,858	202,623	74,022	16
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.07	$12.50	$11.00	$10.50
Value at end of period	$7.56	$13.07	$12.50	$11.00
Number of accumulation units outstanding at end of period	238,972	163,994	96,579	20,800
ING BLACKROCK GLOBAL SCIENCE AND TECHNOLOGY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.99
Value at end of period	$6.50
Number of accumulation units outstanding at end of period	85,040
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.91	$12.28	$11.63	$10.73
Value at end of period	$7.76	$12.91	$12.28	$11.63
Number of accumulation units outstanding at end of period	51,777	19,472	14,068	9,551
ING BLACKROCK LARGE CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.18	$12.82	$11.18	$10.67
Value at end of period	$8.40	$13.18	$12.82	$11.18
Number of accumulation units outstanding at end of period	12,707	13,709	11,863	5,202
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$10.20	$10.05	$9.81
Value at end of period	$6.63	$10.20	$10.05
Number of accumulation units outstanding at end of period	90,622	47,062	18,899

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING DAVIS NEW YORK VENTURE PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$11.42	$11.12	$9.88
Value at end of period	$6.84	$11.42	$11.12
Number of accumulation units outstanding at end of period	257,659	200,129	114,294
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.12	$13.20	$11.76	$10.80	$10.68
Value at end of period	$9.92	$14.12	$13.20	$11.76	$10.80
Number of accumulation units outstanding at end of period	110,626	38,166	22,788	10,895	1,405
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.23	$12.02	$11.56	$10.17
Value at end of period	$9.45	$13.23	$12.02	$11.56
Number of accumulation units outstanding at end of period	9,266	2,541	1,666	2,084
ING FMR^SMDIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.95	$13.25	$12.01	$10.66
Value at end of period	$8.96	$14.95	$13.25	$12.01
Number of accumulation units outstanding at end of period	128,285	104,376	53,451	15,156
ING FOCUS 5 PORTFOLIO
(Funds were first received in this option during October 2007)
Value at beginning of period	$9.94	$10.53
Value at end of period	$5.58	$9.94
Number of accumulation units outstanding at end of period	62,523	16,629
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$11.05	$10.92	$9.94
Value at end of period	$7.70	$11.05	$10.92
Number of accumulation units outstanding at end of period	191,170	109,295	58,794
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.88	$12.42
Value at end of period	$7.29	$11.88
Number of accumulation units outstanding at end of period	89,133	55,250
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.60	$10.10
Value at end of period	$6.09	$9.60
Number of accumulation units outstanding at end of period	425,218	284,068
ING GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$12.44	$13.62	$11.12
Value at end of period	$7.20	$12.44	$13.62
Number of accumulation units outstanding at end of period	65,350	42,985	7,839
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$21.02	$16.01	$13.38	$11.07
Value at end of period	$12.22	$21.02	$16.01	$13.38
Number of accumulation units outstanding at end of period	180,127	117,097	69,609	6,864

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$19.58	$16.43	$13.55	$11.82
Value at end of period	$9.84	$19.58	$16.43	$13.55
Number of accumulation units outstanding at end of period	131,642	82,206	15,002	7,787
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$25.06	$18.37	$13.72	$10.95
Value at end of period	$12.04	$25.06	$18.37	$13.72
Number of accumulation units outstanding at end of period	158,066	103,410	42,834	6,112
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.85	$13.74	$11.96	$11.50
Value at end of period	$9.14	$13.85	$13.74	$11.96
Number of accumulation units outstanding at end of period	9,416	4,884	4,997	5,388
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.48	$13.92	$12.11	$11.23
Value at end of period	$9.31	$13.48	$13.92	$12.11
Number of accumulation units outstanding at end of period	109,824	117,760	96,529	33,494
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.25	$12.58	$10.64	$10.40
Value at end of period	$7.31	$12.25	$12.58	$10.64
Number of accumulation units outstanding at end of period	21,770	21,980	12,275	11,474
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$19.87	$17.32	$13.60	$12.35
Value at end of period	$11.04	$19.87	$17.32	$13.60
Number of accumulation units outstanding at end of period	307,199	206,533	133,411	35,544
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.70	$13.13	$12.11	$10.49
Value at end of period	$7.59	$12.70	$13.13	$12.11
Number of accumulation units outstanding at end of period	37,344	24,701	18,897	15,673
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.72	$12.65	$12.05	$11.16
Value at end of period	$5.14	$11.72	$12.65	$12.05
Number of accumulation units outstanding at end of period	120,320	108,347	82,523	33,816
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.01
Value at end of period	$10.20
Number of accumulation units outstanding at end of period	62,689
ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.45	$14.20	$12.20	$11.49	$11.48
Value at end of period	$8.29	$14.45	$14.20	$12.20	$11.49
Number of accumulation units outstanding at end of period	667,728	552,984	358,339	119,203	1,932

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.81	$13.49	$11.85	$11.26	$10.38
Value at end of period	$8.63	$13.81	$13.49	$11.85	$11.26
Number of accumulation units outstanding at end of period	1,861,863	1,336,908	792,205	273,761	3,560
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.24	$12.84	$11.48	$11.01	$10.67
Value at end of period	$8.93	$13.24	$12.84	$11.48	$11.01
Number of accumulation units outstanding at end of period	2,076,177	1,461,656	910,291	399,915	3,617
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.70	$12.28	$11.18	$10.77	$10.76
Value at end of period	$9.27	$12.70	$12.28	$11.18	$10.77
Number of accumulation units outstanding at end of period	838,059	607,968	449,303	301,114	4,693
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.80	$10.44	$10.13	$10.01
Value at end of period	$10.91	$10.80	$10.44	$10.13
Number of accumulation units outstanding at end of period	572,999	535,916	117,705	127,891
ING LORD ABBETT AFFILIATED PORTFOLIO
(Fund first available during March 2006)
Value at beginning of period	$13.40	$13.05	$11.99
Value at end of period	$8.37	$13.40	$13.05
Number of accumulation units outstanding at end of period	11,804	11,869	9,941
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.26	$12.68	$12.26	$10.83
Value at end of period	$8.39	$14.26	$12.68	$12.26
Number of accumulation units outstanding at end of period	143,262	134,618	110,823	20,150
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$18.03	$15.17	$12.41	$10.10
Value at end of period	$8.97	$18.03	$15.17	$12.41
Number of accumulation units outstanding at end of period	63,984	39,485	13,670	9,405
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.33	$12.03	$10.90	$10.75	$10.10
Value at end of period	$9.43	$12.33	$12.03	$10.90	$10.75
Number of accumulation units outstanding at end of period	119,316	91,597	73,391	50,510	270
ING MFS UTILITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$18.44	$14.69	$11.39	$10.14
Value at end of period	$11.32	$18.44	$14.69	$11.39
Number of accumulation units outstanding at end of period	152,192	92,698	57,566	14,119
ING MULTI-MANAGER INTERNATIONAL SMALL CAP EQUITY
PORTFOLIO
(Funds were first received in this option during October 2008)
Value at beginning of period	$5.49
Value at end of period	$5.35
Number of accumulation units outstanding at end of period	1,032


Empire Traditions		23


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.65	$13.95	$12.00	$10.06
Value at end of period	$8.62	$14.65	$13.95	$12.00
Number of accumulation units outstanding at end of period	3,124	3,095	3,457	5,989
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$15.83	$15.11	$13.03	$11.11
Value at end of period	$9.29	$15.83	$15.11	$13.03
Number of accumulation units outstanding at end of period	125,344	106,431	80,397	22,381
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$13.48	$13.12	$11.58	$10.82
Value at end of period	$8.14	$13.48	$13.12	$11.58
Number of accumulation units outstanding at end of period	75,493	64,226	29,738	16,140
ING OPPORTUNISTIC LARGECAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.07	$12.91	$11.31	$10.15
Value at end of period	$8.27	$13.07	$12.91	$11.31
Number of accumulation units outstanding at end of period	2,562	2,650	2,008	2,677
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.31	$10.53	$10.24	$10.14	$10.03
Value at end of period	$11.61	$11.31	$10.53	$10.24	$10.14
Number of accumulation units outstanding at end of period	604,821	84,218	57,446	39,356	2,181
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.76	$11.60	$10.80	$10.38
Value at end of period	$8.98	$11.76	$11.60	$10.80
Number of accumulation units outstanding at end of period	129,112	113,011	75,897	33,091
ING PIONEER FUND PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$13.08	$12.63	$10.98	$10.66
Value at end of period	$8.41	$13.08	$12.63	$10.98
Number of accumulation units outstanding at end of period	6,776	5,874	776	392
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.54	$12.06	$10.89	$10.14
Value at end of period	$8.27	$12.54	$12.06	$10.89
Number of accumulation units outstanding at end of period	203,910	173,972	124,247	32,914
ING RUSSELL^TMLARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.25
Value at end of period	$6.71
Number of accumulation units outstanding at end of period	20,816
ING RUSSELL^TMMID CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.75
Value at end of period	$6.13
Number of accumulation units outstanding at end of period	12,198

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.32
Value at end of period	$6.97
Number of accumulation units outstanding at end of period	17,996
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.78	$12.42	$11.00	$10.52
Value at end of period	$9.13	$12.78	$12.42	$11.00
Number of accumulation units outstanding at end of period	483,336	286,314	206,508	28,588
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.46	$13.25	$11.29	$11.02	$10.23
Value at end of period	$8.53	$13.46	$13.25	$11.29	$11.02
Number of accumulation units outstanding at end of period	109,114	50,188	35,019	30,296	196
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO
(Funds were first received in this option during August 2007)
Value at beginning of period	$10.17	$9.64
Value at end of period	$5.78	$10.17
Number of accumulation units outstanding at end of period	58,691	6,290
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$12.70	$11.18	$9.31
Value at end of period	$7.43	$12.70	$11.18
Number of accumulation units outstanding at end of period	184,557	36,677	4,598
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.94	$13.81	$11.49	$10.66
Value at end of period	$8.29	$13.94	$13.81	$11.49
Number of accumulation units outstanding at end of period	82,347	56,459	19,474	2,400
ING THORNBURG VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.69	$12.95	$11.25	$10.40
Value at end of period	$8.13	$13.69	$12.95	$11.25
Number of accumulation units outstanding at end of period	0	80	352	81
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.41	$13.48	$11.97	$10.86
Value at end of period	$7.93	$13.41	$13.48	$11.97
Number of accumulation units outstanding at end of period	18,311	19,127	17,226	14,395
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
Value at beginning of period	$15.49	$12.96	$12.64	$11.52
Value at end of period	$7.74	$15.49	$12.96	$12.64
Number of accumulation units outstanding at end of period	5,186	284	819	705
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.50	$12.98	$11.37	$11.15	$11.04
Value at end of period	$7.82	$12.50	$12.98	$11.37	$11.15
Number of accumulation units outstanding at end of period	88,036	72,279	66,407	35,581	2,038

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.24	$12.03	$10.86	$10.68
Value at end of period	$9.22	$12.24	$12.03	$10.86
Number of accumulation units outstanding at end of period	14,339	4,964	2,548	1,179
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.76	$12.73	$10.65	$10.17
Value at end of period	$9.69	$13.76	$12.73	$10.65
Number of accumulation units outstanding at end of period	50,112	58,143	34,264	22,841
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.84	$12.70	$11.11	$10.39
Value at end of period	$8.58	$12.84	$12.70	$11.11
Number of accumulation units outstanding at end of period	35,636	28,275	20,255	4,381
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$15.02	$18.53	$13.66	$11.29
Value at end of period	$9.10	$15.02	$18.53	$13.66
Number of accumulation units outstanding at end of period	76,435	87,466	72,278	28,640
ING VP GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during November 2007)
Value at beginning of period	$9.95	$9.83
Value at end of period	$6.10	$9.95
Number of accumulation units outstanding at end of period	24,504	117
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.23	$12.81	$11.38	$10.98	$10.94
Value at end of period	$8.16	$13.23	$12.81	$11.38	$10.98
Number of accumulation units outstanding at end of period	130,727	120,196	56,998	48,122	1,371
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.91	$13.41	$12.47	$11.42	$10.21
Value at end of period	$8.54	$13.91	$13.41	$12.47	$11.42
Number of accumulation units outstanding at end of period	145,962	144,001	117,795	49,449	3,081
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.79	$13.88	$12.41	$11.73	$10.32
Value at end of period	$8.36	$12.79	$13.88	$12.41	$11.73
Number of accumulation units outstanding at end of period	139,820	138,114	85,488	47,961	2,843
ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.76	$10.33	$10.10	$10.08
Value at end of period	$9.68	$10.76	$10.33	$10.10
Number of accumulation units outstanding at end of period	192,435	124,919	63,522	21,449
ING VP INTERNATIONAL INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.51
Value at end of period	$6.06
Number of accumulation units outstanding at end of period	9,412

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VP MIDCAP OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$10.06
Value at end of period	$6.47
Number of accumulation units outstanding at end of period	84,002
ING VP SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.35	$13.26	$11.98	$10.81
Value at end of period	$9.25	$14.35	$13.26	$11.98
Number of accumulation units outstanding at end of period	10,347	11,539	12,240	4,186
ING VP SMALL COMPANY PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.48
Value at end of period	$7.15
Number of accumulation units outstanding at end of period	9,211
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$10.87	$11.45	$10.36
Value at end of period	$7.20	$10.87	$11.45
Number of accumulation units outstanding at end of period	6,170	6,386	5,665
ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$9.67
Value at end of period	$6.08
Number of accumulation units outstanding at end of period	88,282
PROFUND VP BULL
(Fund first available during May 2003)
Value at beginning of period	$12.59	$12.33	$11.01	$10.20
Value at end of period	$7.73	$12.59	$12.33	$11.01
Number of accumulation units outstanding at end of period	492	499	721	297
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$15.78	$13.98	$12.07	$10.76
Value at end of period	$8.71	$15.78	$13.98	$12.07
Number of accumulation units outstanding at end of period	1,634	1,600	1,378	1,392
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$8.69	$9.30	$8.57	$8.68
Value at end of period	$5.31	$8.69	$9.30	$8.57
Number of accumulation units outstanding at end of period	0	80	352	81

Empire Traditions


	Condensed Financial Information (continued)




	Separate Account Annual Charges of 1.55%

	2008	2007	2006	2005	2004

BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during September 2008)
Value at beginning of period	$8.52
Value at end of period	$7.98
Number of accumulation units outstanding at end of period	837
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during August 2005)
Value at beginning of period	$12.80	$13.34	$11.35	$10.98
Value at end of period	$9.05	$12.80	$13.34	$11.35
Number of accumulation units outstanding at end of period	46	46	47	439
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.98	$15.57	$14.19	$12.35	$10.90
Value at end of period	$10.14	$17.98	$15.57	$14.19	$12.35
Number of accumulation units outstanding at end of period	33,345	38,330	42,688	18,592	21,263
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.41	$13.45	$11.39	$10.96	$10.01
Value at end of period	$7.55	$13.41	$13.45	$11.39	$10.96
Number of accumulation units outstanding at end of period	32,298	40,313	43,227	61,281	68,041
ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during December 2008)
Value at beginning of period	$8.64
Value at end of period	$8.84
Number of accumulation units outstanding at end of period	653
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.29	$13.89	$12.31	$11.87	$10.98
Value at end of period	$8.70	$14.29	$13.89	$12.31	$11.87
Number of accumulation units outstanding at end of period	9,775	8,684	7,152	8,190	9,381
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$16.04	$14.58	$13.50	$11.86	$10.77
Value at end of period	$8.80	$16.04	$14.58	$13.50	$11.86
Number of accumulation units outstanding at end of period	11,249	11,190	12,855	15,255	17,305
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$22.12	$18.82	$16.15	$13.56	$11.61
Value at end of period	$12.53	$22.12	$18.82	$16.15	$13.56
Number of accumulation units outstanding at end of period	2,939	3,868	3,358	3,657	3,680
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during December 2005)
Value at beginning of period	$13.03	$12.47	$10.99	$11.20
Value at end of period	$7.54	$13.03	$12.47	$10.99
Number of accumulation units outstanding at end of period	664	112	569	39

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.88	$12.26	$11.62	$10.89
Value at end of period	$7.73	$12.88	$12.26	$11.62
Number of accumulation units outstanding at end of period	473	474	126	101
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$10.18	$10.04	$10.10
Value at end of period	$6.61	$10.18	$10.04
Number of accumulation units outstanding at end of period	563	321	590
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.89	$12.06	$10.76	$9.90	$9.89
Value at end of period	$9.05	$12.89	$12.06	$10.76	$9.90
Number of accumulation units outstanding at end of period	4,060	4,236	4,348	3,739	2,030
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.25	$11.15	$10.73	$10.47
Value at end of period	$8.74	$12.25	$11.15	$10.73
Number of accumulation units outstanding at end of period	490	524	519	510
ING FMR^SMDIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.91	$13.23	$12.00	$11.20
Value at end of period	$8.93	$14.91	$13.23	$12.00
Number of accumulation units outstanding at end of period	618	618	839	215
ING FOCUS 5 PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$9.01
Value at end of period	$5.57
Number of accumulation units outstanding at end of period	656
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during November 2006)
Value at beginning of period	$11.03	$10.91	$10.75
Value at end of period	$7.68	$11.03	$10.91
Number of accumulation units outstanding at end of period	4,975	2,532	1,087
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.87	$12.68
Value at end of period	$7.27	$11.87
Number of accumulation units outstanding at end of period	2,968	2,598
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during July 2007)
Value at beginning of period	$9.60	$10.13
Value at end of period	$6.08	$9.60
Number of accumulation units outstanding at end of period	0	698
ING GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$12.42	$13.61	$11.01
Value at end of period	$7.18	$12.42	$13.61
Number of accumulation units outstanding at end of period	222	222	674

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$20.97	$15.98	$13.37	$11.68
Value at end of period	$12.18	$20.97	$15.98	$13.37
Number of accumulation units outstanding at end of period	1,269	1,834	364	207
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$25.00	$18.34	$15.15
Value at end of period	$11.99	$25.00	$18.34
Number of accumulation units outstanding at end of period	2,430	3,774	1,858
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.18	$17.05	$14.86	$13.91	$11.72
Value at end of period	$11.32	$17.18	$17.05	$14.86	$13.91
Number of accumulation units outstanding at end of period	5,562	5,625	5,688	5,765	5,866
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.57	$15.05	$13.11	$12.84	$10.36
Value at end of period	$10.05	$14.57	$15.05	$13.11	$12.84
Number of accumulation units outstanding at end of period	1,446	1,608	1,648	2,535	2,162
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.22	$12.56	$10.63	$10.42
Value at end of period	$7.28	$12.22	$12.56	$10.63
Number of accumulation units outstanding at end of period	6,135	6,076	6,253	39,406
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$20.41	$17.80	$13.99	$12.32	$10.97
Value at end of period	$11.33	$20.41	$17.80	$13.99	$12.32
Number of accumulation units outstanding at end of period	2,436	2,325	4,438	4,669	5,691
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.34	$13.81	$12.75	$11.65	$10.81
Value at end of period	$7.97	$13.34	$13.81	$12.75	$11.65
Number of accumulation units outstanding at end of period	1,673	1,679	1,679	1,877	1,836
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.62	$10.40	$9.92	$9.50	$8.60
Value at end of period	$4.22	$9.62	$10.40	$9.92	$9.50
Number of accumulation units outstanding at end of period	3,903	4,426	7,703	7,508	7
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$9.98
Value at end of period	$10.19
Number of accumulation units outstanding at end of period	4,532
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$13.61	$13.31	$12.15
Value at end of period	$8.50	$13.61	$13.31
Number of accumulation units outstanding at end of period	2,364	2,368	1,639

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during April 2006)
Value at beginning of period	$13.13	$12.74	$11.99
Value at end of period	$8.85	$13.13	$12.74
Number of accumulation units outstanding at end of period	43,033	46,184	45,512
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.72	$12.31	$11.22	$10.47
Value at end of period	$9.27	$12.72	$12.31	$11.22
Number of accumulation units outstanding at end of period	23,285	23,289	22,502	21,386
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.47	$15.93	$15.46	$15.28	$15.38
Value at end of period	$16.61	$16.47	$15.93	$15.46	$15.28
Number of accumulation units outstanding at end of period	196,907	68,449	8,272	8,026	2,064
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$17.98	$15.15	$12.40	$11.21
Value at end of period	$8.94	$17.98	$15.15	$12.40
Number of accumulation units outstanding at end of period	1,699	1,830	1,601	1,710
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$27.32	$26.68	$24.21	$23.89	$21.84
Value at end of period	$20.88	$27.32	$26.68	$24.21	$23.89
Number of accumulation units outstanding at end of period	13,742	14,655	14,847	16,011	16,599
ING MFS UTILITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$18.39	$14.66	$11.39	$11.41
Value at end of period	$11.28	$18.39	$14.66	$11.39
Number of accumulation units outstanding at end of period	4,966	3,652	4,079	3,823
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.62	$13.93	$11.99	$10.06
Value at end of period	$8.59	$14.62	$13.93	$11.99
Number of accumulation units outstanding at end of period	2,272	2,215	2,232	2,988
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during February 2006)
Value at beginning of period	$16.50	$15.76	$14.23
Value at end of period	$9.67	$16.50	$15.76
Number of accumulation units outstanding at end of period	16,629	21,252	28,687
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$24.64	$24.01	$21.22	$20.00
Value at end of period	$14.88	$24.64	$24.01	$21.22
Number of accumulation units outstanding at end of period	6,543	8,738	17,052	280
ING OPPORTUNISTIC LARGECAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.52	$10.39	$9.12	$8.67	$8.08
Value at end of period	$6.65	$10.52	$10.39	$9.12	$8.67
Number of accumulation units outstanding at end of period	3,164	3,091	3,063	3,849	2,373

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.86	$13.85	$13.48	$13.37	$12.94
Value at end of period	$15.25	$14.86	$13.85	$13.48	$13.37
Number of accumulation units outstanding at end of period	14,030	18,117	10,675	10,875	14,478
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.06	$11.91	$11.10	$10.81	$10.00
Value at end of period	$9.20	$12.06	$11.91	$11.10	$10.81
Number of accumulation units outstanding at end of period	7,103	7,811	7,815	8,675	8,034
ING PIONEER FUND PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$13.04	$12.61	$10.97	$10.65
Value at end of period	$8.38	$13.04	$12.61	$10.97
Number of accumulation units outstanding at end of period	25	26	26	26
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.51	$12.04	$10.89	$10.89
Value at end of period	$8.24	$12.51	$12.04	$10.89
Number of accumulation units outstanding at end of period	338	138	459	138
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.04
Value at end of period	$6.96
Number of accumulation units outstanding at end of period	2,218
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.75	$12.40	$10.99	$10.73
Value at end of period	$9.10	$12.75	$12.40	$10.99
Number of accumulation units outstanding at end of period	6,119	6,128	5,234	225
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.60	$13.41	$11.44	$11.18	$10.63
Value at end of period	$8.61	$13.60	$13.41	$11.44	$11.18
Number of accumulation units outstanding at end of period	976	889	923	38	107
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$13.40	$13.48	$12.07
Value at end of period	$7.91	$13.40	$13.48
Number of accumulation units outstanding at end of period	149	150	151
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
Value at beginning of period	$15.45	$12.94	$13.09
Value at end of period	$7.71	$15.45	$12.94
Number of accumulation units outstanding at end of period	4,801	892	892
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.60	$14.14	$12.40	$12.17	$10.59
Value at end of period	$8.51	$13.60	$14.14	$12.40	$12.17
Number of accumulation units outstanding at end of period	8,116	8,197	8,250	8,435	8,289

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$11.77
Value at end of period	$9.19
Number of accumulation units outstanding at end of period	3,024
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$13.73	$12.71	$12.55
Value at end of period	$9.65	$13.73	$12.71
Number of accumulation units outstanding at end of period	0	0	475
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during November 2006)
Value at beginning of period	$12.81	$12.68	$12.40
Value at end of period	$8.54	$12.81	$12.68
Number of accumulation units outstanding at end of period	1,030	941	942
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$17.53	$21.65	$15.97	$13.89	$11.57
Value at end of period	$10.61	$17.53	$21.65	$15.97	$13.89
Number of accumulation units outstanding at end of period	256	256	308	529	640
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.67	$11.31	$10.05	$9.71	$8.95
Value at end of period	$7.19	$11.67	$11.31	$10.05	$9.71
Number of accumulation units outstanding at end of period	7,388	7,569	8,161	9,343	12,634
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.45	$14.91	$13.88	$12.72	$11.10
Value at end of period	$9.47	$15.45	$14.91	$13.88	$12.72
Number of accumulation units outstanding at end of period	7,724	9,373	10,691	13,571	16,319
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.99	$16.28	$14.57	$13.78	$11.50
Value at end of period	$9.79	$14.99	$16.28	$14.57	$13.78
Number of accumulation units outstanding at end of period	9,696	11,405	12,575	14,278	15,134
ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$10.73	$10.31	$10.07
Value at end of period	$9.65	$10.73	$10.31
Number of accumulation units outstanding at end of period	0	1,575	2,632
ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$9.95
Value at end of period	$6.07
Number of accumulation units outstanding at end of period	932
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$12.89	$11.43	$9.88	$9.28	$8.51
Value at end of period	$7.11	$12.89	$11.43	$9.88	$9.28
Number of accumulation units outstanding at end of period	237	244	244	244	244


Empire Traditions		33


	Condensed Financial Information (continued)




	Separate Account Annual Charges of 1.60%

	2008	2007	2006	2005	2004

BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.88
Value at end of period	$7.98
Number of accumulation units outstanding at end of period	3,490
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during September 2005)
Value at beginning of period	$12.78	$13.33	$11.35	$11.13
Value at end of period	$9.03	$12.78	$13.33	$11.35
Number of accumulation units outstanding at end of period	640	982	1,148	1,433
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.40	$14.21	$12.96	$11.29	$10.52
Value at end of period	$9.25	$16.40	$14.21	$12.96	$11.29
Number of accumulation units outstanding at end of period	26,280	17,784	17,689	7,002	224
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.32	$13.37	$11.33	$10.83
Value at end of period	$7.50	$13.32	$13.37	$11.33
Number of accumulation units outstanding at end of period	6,210	6,495	6,922	2,749
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Fund first available during March 2006)
Value at beginning of period	$13.78	$12.64	$14.20
Value at end of period	$7.27	$13.78	$12.64
Number of accumulation units outstanding at end of period	1,749	1,665	1,717
ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$8.63
Value at end of period	$8.83
Number of accumulation units outstanding at end of period	381
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.08	$12.72	$11.28	$10.88	$10.05
Value at end of period	$7.95	$13.08	$12.72	$11.28	$10.88
Number of accumulation units outstanding at end of period	43,327	36,828	25,241	11,387	1,493
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.19	$13.81	$12.80	$11.25	$10.28
Value at end of period	$8.33	$15.19	$13.81	$12.80	$11.25
Number of accumulation units outstanding at end of period	41,612	36,627	30,630	13,796	1,946
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$18.73	$15.94	$13.69	$11.34
Value at end of period	$10.60	$18.73	$15.94	$13.69
Number of accumulation units outstanding at end of period	25,259	20,259	18,232	4,493

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.01	$12.46	$10.99	$10.74
Value at end of period	$7.52	$13.01	$12.46	$10.99
Number of accumulation units outstanding at end of period	9,460	8,210	6,547	6,304
ING BLACKROCK GLOBAL SCIENCE AND TECHNOLOGY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.99
Value at end of period	$6.49
Number of accumulation units outstanding at end of period	5,610
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$11.38	$11.10	$11.01
Value at end of period	$6.80	$11.38	$11.10
Number of accumulation units outstanding at end of period	653	545	545
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.04	$13.15	$11.73	$10.79
Value at end of period	$9.86	$14.04	$13.15	$11.73
Number of accumulation units outstanding at end of period	2,245	3,505	484	484
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.16	$11.98	$11.53	$10.63
Value at end of period	$9.38	$13.16	$11.98	$11.53
Number of accumulation units outstanding at end of period	0	0	507	22
ING FMR^SMDIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.89	$13.21	$12.00	$11.46
Value at end of period	$8.91	$14.89	$13.21	$12.00
Number of accumulation units outstanding at end of period	2,701	2,718	11,106	1,890
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during July 2006)
Value at beginning of period	$11.02	$10.91	$10.09
Value at end of period	$7.67	$11.02	$10.91
Number of accumulation units outstanding at end of period	9,984	8,586	377
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.87	$12.76
Value at end of period	$7.27	$11.87
Number of accumulation units outstanding at end of period	8,051	7,106
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.59	$10.08
Value at end of period	$6.07	$9.59
Number of accumulation units outstanding at end of period	31,638	11,065
ING GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during September 2006)
Value at beginning of period	$12.41	$13.61	$11.86
Value at end of period	$7.17	$12.41	$13.61
Number of accumulation units outstanding at end of period	11,264	11,108	514

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$20.94	$15.97	$13.36	$10.95
Value at end of period	$12.15	$20.94	$15.97	$13.36
Number of accumulation units outstanding at end of period	13,105	11,491	6,805	1,405
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$19.48	$16.38	$16.33
Value at end of period	$9.78	$19.48	$16.38
Number of accumulation units outstanding at end of period	9,305	10,007	367
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$24.96	$18.32	$13.71	$10.97
Value at end of period	$11.97	$24.96	$18.32	$13.71
Number of accumulation units outstanding at end of period	21,524	22,839	11,012	2,248
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.78	$13.69	$11.94	$11.59
Value at end of period	$9.08	$13.78	$13.69	$11.94
Number of accumulation units outstanding at end of period	3,206	3,186	3,380	2,826
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.41	$13.87	$12.08	$11.84	$10.73
Value at end of period	$9.25	$13.41	$13.87	$12.08	$11.84
Number of accumulation units outstanding at end of period	3,233	3,573	2,630	1,248	90
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.20	$12.55	$10.62	$10.51
Value at end of period	$7.27	$12.20	$12.55	$10.62
Number of accumulation units outstanding at end of period	9,007	8,526	8,168	9,045
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$19.77	$17.25	$13.57	$11.96	$10.43
Value at end of period	$10.97	$19.77	$17.25	$13.57	$11.96
Number of accumulation units outstanding at end of period	9,399	8,783	9,013	7,306	245
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.63	$13.08	$12.09	$12.04
Value at end of period	$7.54	$12.63	$13.08	$12.09
Number of accumulation units outstanding at end of period	491	2,258	1,359	2,922
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.66	$12.61	$12.03	$11.36
Value at end of period	$5.11	$11.66	$12.61	$12.03
Number of accumulation units outstanding at end of period	133	669	991	3,141
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during October 2008)
Value at beginning of period	$9.71
Value at end of period	$10.19
Number of accumulation units outstanding at end of period	114

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.38	$14.15	$12.17	$11.51
Value at end of period	$8.23	$14.38	$14.15	$12.17
Number of accumulation units outstanding at end of period	38,137	39,078	34,800	16,966
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.74	$13.44	$11.83	$10.56
Value at end of period	$8.57	$13.74	$13.44	$11.83
Number of accumulation units outstanding at end of period	113,739	38,817	24,353	925
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.17	$12.79	$11.46	$11.01	$10.83
Value at end of period	$8.87	$13.17	$12.79	$11.46	$11.01
Number of accumulation units outstanding at end of period	181,889	177,816	141,588	41,114	2,781
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.64	$12.23	$11.16	$10.88
Value at end of period	$9.21	$12.64	$12.23	$11.16
Number of accumulation units outstanding at end of period	65,398	19,237	15,246	536
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.75	$10.41	$10.10	$10.01
Value at end of period	$10.83	$10.75	$10.41	$10.10
Number of accumulation units outstanding at end of period	29,543	23,791	19,590	1,930
ING LORD ABBETT AFFILIATED PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.33	$13.01	$11.24	$10.27
Value at end of period	$8.32	$13.33	$13.01	$11.24
Number of accumulation units outstanding at end of period	3,108	3,294	3,160	3,069
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.19	$12.63	$12.23	$10.77
Value at end of period	$8.33	$14.19	$12.63	$12.23
Number of accumulation units outstanding at end of period	3,862	3,624	3,653	5,915
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$17.95	$15.13	$12.40	$11.21
Value at end of period	$8.92	$17.95	$15.13	$12.40
Number of accumulation units outstanding at end of period	11,909	10,671	11,949	3,147
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.26	$11.98	$10.88	$10.74	$10.14
Value at end of period	$9.37	$12.26	$11.98	$10.88	$10.74
Number of accumulation units outstanding at end of period	17,160	17,675	8,263	7,898	1,480
ING MFS UTILITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$18.36	$14.65	$11.38	$11.48
Value at end of period	$11.26	$18.36	$14.65	$11.38
Number of accumulation units outstanding at end of period	12,239	11,316	19,478	945

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.59	$13.92	$11.99	$10.06
Value at end of period	$8.57	$14.59	$13.92	$11.99
Number of accumulation units outstanding at end of period	799	787	716	220
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$15.75	$15.05	$13.01	$11.62
Value at end of period	$9.23	$15.75	$15.05	$13.01
Number of accumulation units outstanding at end of period	9,447	8,710	2,617	3,799
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$13.41	$13.07	$11.56	$10.64
Value at end of period	$8.09	$13.41	$13.07	$11.56
Number of accumulation units outstanding at end of period	4,667	2,054	2,056	690
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.25	$10.49	$10.22	$10.26
Value at end of period	$11.54	$11.25	$10.49	$10.22
Number of accumulation units outstanding at end of period	36,066	21,204	10,522	3,730
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.70	$11.56	$10.78	$10.50	$10.18
Value at end of period	$8.92	$11.70	$11.56	$10.78	$10.50
Number of accumulation units outstanding at end of period	7,690	8,392	5,090	436	68
ING PIONEER FUND PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$12.25
Value at end of period	$8.37
Number of accumulation units outstanding at end of period	491
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.49	$12.03	$10.88	$10.72
Value at end of period	$8.22	$12.49	$12.03	$10.88
Number of accumulation units outstanding at end of period	2,595	1,656	2,395	2,342
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.73	$12.39	$10.98	$10.45
Value at end of period	$9.08	$12.73	$12.39	$10.98
Number of accumulation units outstanding at end of period	26,541	16,953	13,760	5,445
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.39	$13.20	$11.27	$10.63
Value at end of period	$8.47	$13.39	$13.20	$11.27
Number of accumulation units outstanding at end of period	12,121	11,227	11,229	9,574
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.16	$10.10
Value at end of period	$5.76	$10.16
Number of accumulation units outstanding at end of period	896	871

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during November 2006)
Value at beginning of period	$12.66	$11.17	$10.42
Value at end of period	$7.40	$12.66	$11.17
Number of accumulation units outstanding at end of period	6,691	2,006	1,055
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during March 2006)
Value at beginning of period	$13.88	$13.78	$12.11
Value at end of period	$8.24	$13.88	$13.78
Number of accumulation units outstanding at end of period	7,640	4,264	2,990
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
Value at beginning of period	$15.43	$12.93	$12.62	$11.11
Value at end of period	$7.69	$15.43	$12.93	$12.62
Number of accumulation units outstanding at end of period	614	619	1,337	629
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.44	$12.93	$11.34	$11.14	$10.40
Value at end of period	$7.77	$12.44	$12.93	$11.34	$11.14
Number of accumulation units outstanding at end of period	9,704	9,365	5,255	6,100	174
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.19	$12.00	$10.84	$10.65
Value at end of period	$9.17	$12.19	$12.00	$10.84
Number of accumulation units outstanding at end of period	1,898	2,132	2,852	1,378
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.79	$12.67	$11.10	$10.42
Value at end of period	$8.53	$12.79	$12.67	$11.10
Number of accumulation units outstanding at end of period	2,822	1,234	1,265	1,317
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.95	$18.46	$13.63	$11.63
Value at end of period	$9.04	$14.95	$18.46	$13.63
Number of accumulation units outstanding at end of period	8,539	9,277	14,384	3,358
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.16	$12.77	$11.35	$10.82
Value at end of period	$8.11	$13.16	$12.77	$11.35
Number of accumulation units outstanding at end of period	565	980	1,032	1,014
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.84	$13.37	$12.45	$11.41	$10.44
Value at end of period	$8.48	$13.84	$13.37	$12.45	$11.41
Number of accumulation units outstanding at end of period	3,609	4,212	3,880	3,109	119
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.73	$13.83	$12.39	$12.01
Value at end of period	$8.31	$12.73	$13.83	$12.39
Number of accumulation units outstanding at end of period	3,358	3,843	3,468	2,246

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.71	$10.30	$10.09	$10.13
Value at end of period	$9.63	$10.71	$10.30	$10.09
Number of accumulation units outstanding at end of period	30,952	9,085	8,593	346
ING VP MIDCAP OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$10.05
Value at end of period	$6.47
Number of accumulation units outstanding at end of period	908
ING VP SMALL COMPANY PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$7.21
Value at end of period	$7.14
Number of accumulation units outstanding at end of period	375
ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.83
Value at end of period	$6.07
Number of accumulation units outstanding at end of period	3,795
PROFUND VP EUROPE 30
(Fund first available during September 2006)
Value at beginning of period	$15.70	$13.93	$12.53	$11.32	$11.32
Value at end of period	$8.65	$15.70	$13.93	$12.53	$11.32
Number of accumulation units outstanding at end of period	0	0	413	0	18,775
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2006)
Value at beginning of period	$8.64	$9.27	$9.17
Value at end of period	$5.28	$8.64	$9.27
Number of accumulation units outstanding at end of period	1,576	1,531	1,329



	Separate Account Annual Charges of 1.75%

	2008	2007	2006	2005	2004

AIM V.I. LEISURE FUND
(Fund first available during May 2003)
Value at beginning of period	$13.74	$14.10	$11.51	$11.86	$10.64
Value at end of period	$7.69	$13.74	$14.10	$11.51	$11.86
Number of accumulation units outstanding at end of period	58	387	396	374	373
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.91
Value at end of period	$7.97
Number of accumulation units outstanding at end of period	17,124

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during September 2005)
Value at beginning of period	$12.73	$13.30	$11.34	$11.27
Value at end of period	$8.98	$12.73	$13.30	$11.34
Number of accumulation units outstanding at end of period	1,923	2,069	1,950	4,020
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$17.74	$15.40	$14.06	$12.27	$10.84
Value at end of period	$9.99	$17.74	$15.40	$14.06	$12.27
Number of accumulation units outstanding at end of period	175,122	116,527	113,409	46,372	16,055
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.24	$13.30	$11.29	$10.88	$9.96
Value at end of period	$7.44	$13.24	$13.30	$11.29	$10.88
Number of accumulation units outstanding at end of period	98,655	113,026	114,112	102,475	44,415
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.73	$12.60	$12.61	$10.86
Value at end of period	$7.23	$13.73	$12.60	$12.61
Number of accumulation units outstanding at end of period	31,842	10,367	2,862	1,168
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.13
Value at end of period	$7.17
Number of accumulation units outstanding at end of period	4,521
ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$9.83
Value at end of period	$8.82
Number of accumulation units outstanding at end of period	49,468
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.17	$13.80	$12.25	$11.84	$10.98
Value at end of period	$8.60	$14.17	$13.80	$12.25	$11.84
Number of accumulation units outstanding at end of period	164,440	96,833	67,764	57,095	42,363
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.90	$14.48	$13.44	$11.83	$10.76
Value at end of period	$8.70	$15.90	$14.48	$13.44	$11.83
Number of accumulation units outstanding at end of period	203,234	95,510	54,853	46,983	30,615
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$21.93	$18.69	$16.07	$13.53	$11.60
Value at end of period	$12.40	$21.93	$18.69	$16.07	$13.53
Number of accumulation units outstanding at end of period	74,084	39,951	28,257	27,231	14,401
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.96	$12.43	$10.98	$10.72
Value at end of period	$7.48	$12.96	$12.43	$10.98
Number of accumulation units outstanding at end of period	13,823	5,301	2,137	719

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING BLACKROCK GLOBAL SCIENCE AND TECHNOLOGY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.99
Value at end of period	$6.49
Number of accumulation units outstanding at end of period	18,703
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.81	$12.21	$11.60	$11.19
Value at end of period	$7.67	$12.81	$12.21	$11.60
Number of accumulation units outstanding at end of period	21,325	4,553	3,152	3,081
ING BLACKROCK LARGE CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.07	$12.76	$11.16	$11.00
Value at end of period	$8.31	$13.07	$12.76	$11.16
Number of accumulation units outstanding at end of period	2,453	2,550	1,838	751
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Fund first available during May 2006)
Value at beginning of period	$10.15	$10.03	$9.44
Value at end of period	$6.57	$10.15	$10.03
Number of accumulation units outstanding at end of period	6,368	5,007	1,307
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$11.34	$11.08	$9.86
Value at end of period	$6.77	$11.34	$11.08
Number of accumulation units outstanding at end of period	38,967	7,422	3,323
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.80	$12.00	$10.72	$9.88	$8.97
Value at end of period	$8.97	$12.80	$12.00	$10.72	$9.88
Number of accumulation units outstanding at end of period	23,335	13,018	11,716	11,260	1,230
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.16	$11.09	$10.69	$10.44
Value at end of period	$8.66	$12.16	$11.09	$10.69
Number of accumulation units outstanding at end of period	831	1,002	106	107
ING FMR^SMDIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.83	$13.18	$11.99	$11.09
Value at end of period	$8.87	$14.83	$13.18	$11.99
Number of accumulation units outstanding at end of period	39,804	9,861	5,508	1,774
ING FOCUS 5 PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.05
Value at end of period	$5.56
Number of accumulation units outstanding at end of period	9,528
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$10.99	$10.90	$10.88
Value at end of period	$7.64	$10.99	$10.90
Number of accumulation units outstanding at end of period	89,829	68,290	10,294

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$11.86	$12.69
Value at end of period	$7.25	$11.86
Number of accumulation units outstanding at end of period	39,063	16,600
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$9.58	$10.03
Value at end of period	$6.06	$9.58
Number of accumulation units outstanding at end of period	85,823	67,967
ING GLOBAL REAL ESTATE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$12.38	$13.59	$13.26
Value at end of period	$7.14	$12.38	$13.59
Number of accumulation units outstanding at end of period	23,960	18,188	6,795
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$20.85	$15.93	$13.35	$13.18
Value at end of period	$12.09	$20.85	$15.93	$13.35
Number of accumulation units outstanding at end of period	135,835	12,207	4,546	416
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$18.68	$15.73	$13.01	$11.45	$11.01
Value at end of period	$9.37	$18.68	$15.73	$13.01	$11.45
Number of accumulation units outstanding at end of period	25,797	11,090	740	544	545
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$24.86	$18.27	$13.69	$10.83
Value at end of period	$11.90	$24.86	$18.27	$13.69
Number of accumulation units outstanding at end of period	46,737	12,968	7,145	2,294
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.98	$16.89	$14.75	$13.84	$11.68
Value at end of period	$11.17	$16.98	$16.89	$14.75	$13.84
Number of accumulation units outstanding at end of period	12,691	12,523	13,748	16,332	12,188
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.40	$14.91	$13.01	$12.77	$10.74
Value at end of period	$9.91	$14.40	$14.91	$13.01	$12.77
Number of accumulation units outstanding at end of period	12,694	7,752	10,286	8,103	1,982
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during July 2005)
Value at beginning of period	$12.16	$12.52	$10.61	$10.56
Value at end of period	$7.23	$12.16	$12.52	$10.61
Number of accumulation units outstanding at end of period	16,301	16,951	9,891	42,720
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$20.18	$17.63	$13.89	$12.26	$11.10
Value at end of period	$11.18	$20.18	$17.63	$13.89	$12.26
Number of accumulation units outstanding at end of period	21,895	16,169	9,220	3,537	930

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$13.22	$13.72	$12.69	$11.62	$11.31
Value at end of period	$7.88	$13.22	$13.72	$12.69	$11.62
Number of accumulation units outstanding at end of period	6,099	5,120	3,434	3,150	2,601
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$9.48	$10.27	$9.81	$9.42	$8.06
Value at end of period	$4.15	$9.48	$10.27	$9.81	$9.42
Number of accumulation units outstanding at end of period	29,380	26,522	31,565	26,069	9,569
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.78
Value at end of period	$10.17
Number of accumulation units outstanding at end of period	16,431
ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.01	$13.81	$11.90	$10.87
Value at end of period	$8.01	$14.01	$13.81	$11.90
Number of accumulation units outstanding at end of period	105,232	89,240	38,722	14,814
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.51	$13.24	$11.67	$10.91
Value at end of period	$8.42	$13.51	$13.24	$11.67
Number of accumulation units outstanding at end of period	186,058	105,677	53,213	11,921
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.03	$12.68	$11.37	$10.94	$10.09
Value at end of period	$8.77	$13.03	$12.68	$11.37	$10.94
Number of accumulation units outstanding at end of period	271,202	193,668	129,533	53,520	2,634
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.63	$12.24	$11.18	$10.70
Value at end of period	$9.19	$12.63	$12.24	$11.18
Number of accumulation units outstanding at end of period	185,161	114,072	41,211	5,794
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.85	$15.37	$14.94	$14.80	$14.87
Value at end of period	$15.95	$15.85	$15.37	$14.94	$14.80
Number of accumulation units outstanding at end of period	465,880	284,764	25,705	30,531	18,611
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.84	$12.34	$11.97	$11.19	$9.92
Value at end of period	$8.12	$13.84	$12.34	$11.97	$11.19
Number of accumulation units outstanding at end of period	34,277	9,618	6,447	5,760	524
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during July 2005)
Value at beginning of period	$17.88	$15.10	$12.39	$10.36
Value at end of period	$8.87	$17.88	$15.10	$12.39
Number of accumulation units outstanding at end of period	29,419	12,279	7,923	7,995

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$26.59	$26.03	$23.66	$23.40	$21.43
Value at end of period	$20.29	$26.59	$26.03	$23.66	$23.40
Number of accumulation units outstanding at end of period	32,917	31,987	27,932	28,026	15,923
ING MFS UTILITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$18.29	$14.61	$11.37	$10.57
Value at end of period	$11.19	$18.29	$14.61	$11.37
Number of accumulation units outstanding at end of period	40,914	20,630	11,383	14,002
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.54	$13.88	$11.98	$10.06
Value at end of period	$8.52	$14.54	$13.88	$11.98
Number of accumulation units outstanding at end of period	2,922	3,185	3,225	3,300
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$16.31	$15.61	$13.51	$12.14	$10.74
Value at end of period	$9.54	$16.31	$15.61	$13.51	$12.14
Number of accumulation units outstanding at end of period	79,077	76,580	92,843	18,655	2,249
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$23.99	$23.42	$20.74	$19.96	$18.00
Value at end of period	$14.45	$23.99	$23.42	$20.74	$19.96
Number of accumulation units outstanding at end of period	36,437	36,952	56,362	14,131	1,698
ING OPPORTUNISTIC LARGECAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.38	$10.28	$9.04	$8.61	$7.98
Value at end of period	$6.55	$10.38	$10.28	$9.04	$8.61
Number of accumulation units outstanding at end of period	6,176	6,160	6,162	6,223	0
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.47	$13.51	$13.18	$13.09	$12.71
Value at end of period	$14.82	$14.47	$13.51	$13.18	$13.09
Number of accumulation units outstanding at end of period	128,707	42,625	29,043	27,791	16,547
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.97	$11.85	$11.07	$10.80	$10.00
Value at end of period	$9.11	$11.97	$11.85	$11.07	$10.80
Number of accumulation units outstanding at end of period	29,427	33,391	29,371	24,715	14,808
ING PIONEER FUND PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.97	$12.57	$10.95	$10.64
Value at end of period	$8.32	$12.97	$12.57	$10.95
Number of accumulation units outstanding at end of period	853	2,494	2,254	1,354
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.44	$12.00	$10.87	$10.63
Value at end of period	$8.18	$12.44	$12.00	$10.87
Number of accumulation units outstanding at end of period	28,956	14,042	14,665	10,960

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING RUSSELL^TMLARGE CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.04
Value at end of period	$6.69
Number of accumulation units outstanding at end of period	1,729
ING RUSSELL^TMMID CAP INDEX PORTFOLIO
(Funds were first received in this option during July 2008)
Value at beginning of period	$9.36
Value at end of period	$6.11
Number of accumulation units outstanding at end of period	4,310
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.03
Value at end of period	$6.95
Number of accumulation units outstanding at end of period	2,245
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.68	$12.36	$10.97	$10.54
Value at end of period	$9.03	$12.68	$12.36	$10.97
Number of accumulation units outstanding at end of period	57,846	20,609	15,830	3,518
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.50	$13.34	$11.40	$11.16	$10.03
Value at end of period	$8.53	$13.50	$13.34	$11.40	$11.16
Number of accumulation units outstanding at end of period	45,746	33,210	41,437	36,317	17,573
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$9.08
Value at end of period	$5.75
Number of accumulation units outstanding at end of period	1,771
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$12.63	$11.16	$9.27
Value at end of period	$7.37	$12.63	$11.16
Number of accumulation units outstanding at end of period	197,568	101,442	22
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.83	$13.74	$11.47	$10.61
Value at end of period	$8.19	$13.83	$13.74	$11.47
Number of accumulation units outstanding at end of period	75,591	83,709	6,010	779
ING THORNBURG VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.28	$9.76	$8.50	$8.52	$8.02
Value at end of period	$6.09	$10.28	$9.76	$8.50	$8.52
Number of accumulation units outstanding at end of period	235	308	370	1,966	2,044
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.30	$13.41	$11.94	$10.85
Value at end of period	$7.84	$13.30	$13.41	$11.94
Number of accumulation units outstanding at end of period	2,012	1,984	1,489	1,867

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
Value at beginning of period	$15.37	$12.90	$12.61	$11.77
Value at end of period	$7.65	$15.37	$12.90	$12.61
Number of accumulation units outstanding at end of period	13,857	1,733	3,286	655
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.45	$14.01	$12.30	$12.10	$10.55
Value at end of period	$8.39	$13.45	$14.01	$12.30	$12.10
Number of accumulation units outstanding at end of period	4,865	4,665	6,320	4,566	2,111
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.14	$11.97	$10.83	$10.64
Value at end of period	$9.12	$12.14	$11.97	$10.83
Number of accumulation units outstanding at end of period	26,994	8,804	8,794	6,628
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO
(Fund first available during June 2006)
Value at beginning of period	$13.65	$12.67	$10.98
Value at end of period	$9.58	$13.65	$12.67
Number of accumulation units outstanding at end of period	4,369	5,190	34
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.74	$12.64	$11.09	$10.87
Value at end of period	$8.48	$12.74	$12.64	$11.09
Number of accumulation units outstanding at end of period	10,945	7,776	4,601	791
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$17.40	$21.53	$15.92	$13.87	$10.86
Value at end of period	$10.51	$17.40	$21.53	$15.92	$13.87
Number of accumulation units outstanding at end of period	11,635	12,903	10,470	8,708	4,329
ING VP GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during December 2008)
Value at beginning of period	$5.84
Value at end of period	$6.08
Number of accumulation units outstanding at end of period	1,117
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.52	$11.19	$9.96	$9.64	$8.90
Value at end of period	$7.08	$11.52	$11.19	$9.96	$9.64
Number of accumulation units outstanding at end of period	16,265	19,475	19,376	16,141	9,183
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.25	$14.75	$13.75	$12.63	$11.05
Value at end of period	$9.33	$15.25	$14.75	$13.75	$12.63
Number of accumulation units outstanding at end of period	21,398	22,701	18,784	22,970	16,939
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.79	$16.10	$14.44	$13.69	$11.44
Value at end of period	$9.64	$14.79	$16.10	$14.44	$13.69
Number of accumulation units outstanding at end of period	26,984	28,177	23,049	31,178	22,926

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$10.67	$10.27	$10.12
Value at end of period	$9.58	$10.67	$10.27
Number of accumulation units outstanding at end of period	41,886	14,737	13,225
ING VP MIDCAP OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during August 2008)
Value at beginning of period	$9.72
Value at end of period	$6.46
Number of accumulation units outstanding at end of period	1,738
ING VP SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.24	$13.20	$11.95	$12.01
Value at end of period	$9.15	$14.24	$13.20	$11.95
Number of accumulation units outstanding at end of period	483	483	4	4
ING VP SMALL COMPANY PORTFOLIO
(Funds were first received in this option during August 2008)
Value at beginning of period	$10.46
Value at end of period	$7.13
Number of accumulation units outstanding at end of period	8,988
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$10.80	$11.42	$10.18
Value at end of period	$7.14	$10.80	$11.42
Number of accumulation units outstanding at end of period	1,421	1,607	3,361
ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$9.95
Value at end of period	$6.06
Number of accumulation units outstanding at end of period	70,654
PROFUND VP BULL
(Fund first available during May 2003)
Value at beginning of period	$10.03	$9.86	$8.83	$8.75	$8.29
Value at end of period	$6.14	$10.03	$9.86	$8.83	$8.75
Number of accumulation units outstanding at end of period	683	1,354	2,561	2,452	2,451
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$12.72	$11.30	$9.78	$9.21	$8.68
Value at end of period	$7.00	$12.72	$11.30	$9.78	$9.21
Number of accumulation units outstanding at end of period	573	931	966	985	848
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$7.47	$8.02	$7.41	$8.19	$9.03
Value at end of period	$4.55	$7.47	$8.02	$7.41	$8.19
Number of accumulation units outstanding at end of period	2,850	3,677	3,305	3,253	1,230

Empire Traditions


	Condensed Financial Information (continued)




	Separate Account Annual Charges of 1.90%

	2008	2007	2006	2005	2004

COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during November 2005)
Value at beginning of period	$12.67	$13.26	$11.32	$11.24
Value at end of period	$8.93	$12.67	$13.26	$11.32
Number of accumulation units outstanding at end of period	174	174	174	174
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Funds were first received in this option during August 2008)
Value at beginning of period	$14.77
Value at end of period	$9.88
Number of accumulation units outstanding at end of period	1,389
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.11	$13.19	$11.21	$10.83	$9.92
Value at end of period	$7.35	$13.11	$13.19	$11.21	$10.83
Number of accumulation units outstanding at end of period	490	817	968	841	269
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.67	$12.57	$12.59	$12.11
Value at end of period	$7.19	$13.67	$12.57	$12.59
Number of accumulation units outstanding at end of period	161	161	161	162
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.07	$13.73	$12.21	$11.82	$10.97
Value at end of period	$8.53	$14.07	$13.73	$12.21	$11.82
Number of accumulation units outstanding at end of period	8,939	8,059	6,230	5,943	4,853
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.80	$14.41	$13.39	$11.81	$10.75
Value at end of period	$8.63	$15.80	$14.41	$13.39	$11.81
Number of accumulation units outstanding at end of period	5,985	6,403	3,964	4,313	4,629
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$21.79	$18.60	$16.02	$13.50	$11.60
Value at end of period	$12.30	$21.79	$18.60	$16.02	$13.50
Number of accumulation units outstanding at end of period	1,894	1,467	643	758	455
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during November 2005)
Value at beginning of period	$12.91	$12.40	$10.97	$10.72
Value at end of period	$7.44	$12.91	$12.40	$10.97
Number of accumulation units outstanding at end of period	182	182	182	182
ING FRANKLIN INCOME PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.97	$11.54
Value at end of period	$7.61	$10.97
Number of accumulation units outstanding at end of period	3,799	1,744

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.85	$12.76
Value at end of period	$7.23	$11.85
Number of accumulation units outstanding at end of period	1,457	789
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.57	$10.19
Value at end of period	$6.04	$9.57
Number of accumulation units outstanding at end of period	3,100	2,883
ING JANUS CONTRARIAN PORTFOLIO
(Funds were first received in this option during July 2007)
Value at beginning of period	$18.58	$18.22
Value at end of period	$9.30	$18.58
Number of accumulation units outstanding at end of period	0	573
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$24.76	$18.23	$13.68	$12.54
Value at end of period	$11.84	$24.76	$18.23	$13.68
Number of accumulation units outstanding at end of period	155	156	156	156
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.84	$16.77	$14.67	$13.78	$12.93
Value at end of period	$11.06	$16.84	$16.77	$14.67	$13.78
Number of accumulation units outstanding at end of period	1,271	1,270	1,271	1,271	1,630
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.28	$14.81	$12.94	$12.72	$10.80
Value at end of period	$9.81	$14.28	$14.81	$12.94	$12.72
Number of accumulation units outstanding at end of period	0	2,622	2,940	2,941	2,941
ING LIFESTYLE GROWTH PORTFOLIO
(Funds were first received in this option during January 2008)
Value at beginning of period	$12.64
Value at end of period	$8.36
Number of accumulation units outstanding at end of period	9,238
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.56	$12.19	$11.15	$10.88
Value at end of period	$9.12	$12.56	$12.19	$11.15
Number of accumulation units outstanding at end of period	2,130	12,754	12,918	2,257
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.40	$14.96	$14.56	$14.44	$14.57
Value at end of period	$15.48	$15.40	$14.96	$14.56	$14.44
Number of accumulation units outstanding at end of period	55,556	2,750	2,799	1,031	1,549
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.77	$12.29	$11.94	$11.53
Value at end of period	$8.06	$13.77	$12.29	$11.94
Number of accumulation units outstanding at end of period	169	169	169	169

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$17.81	$15.06	$12.38	$11.19
Value at end of period	$8.82	$17.81	$15.06	$12.38
Number of accumulation units outstanding at end of period	0	3,583	4,022	5,573
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$26.07	$25.55	$23.26	$23.04	$21.14
Value at end of period	$19.86	$26.07	$25.55	$23.26	$23.04
Number of accumulation units outstanding at end of period	1,431	1,166	1,440	1,350	472
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$14.18	$13.26	$12.96	$12.89	$12.53
Value at end of period	$14.50	$14.18	$13.26	$12.96	$12.89
Number of accumulation units outstanding at end of period	8,227	2,355	2,455	2,428	2,003
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.91	$11.80	$11.04	$10.78	$10.00
Value at end of period	$9.05	$11.91	$11.80	$11.04	$10.78
Number of accumulation units outstanding at end of period	888	1,987	2,129	2,129	1,526
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.39	$11.97	$10.86	$10.34
Value at end of period	$8.13	$12.39	$11.97	$10.86
Number of accumulation units outstanding at end of period	189	936	189	189
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$10.03
Value at end of period	$6.94
Number of accumulation units outstanding at end of period	1,817
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.43	$13.28	$11.37	$11.12
Value at end of period	$8.47	$13.43	$13.28	$11.37
Number of accumulation units outstanding at end of period	492	893	1,046	906
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Funds were first received in this option during December 2008)
Value at beginning of period	$8.72
Value at end of period	$9.07
Number of accumulation units outstanding at end of period	994
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.68	$12.60	$11.07	$10.87
Value at end of period	$8.43	$12.68	$12.60	$11.07
Number of accumulation units outstanding at end of period	147	557	714	568
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$11.40	$11.10	$10.14
Value at end of period	$7.00	$11.40	$11.10
Number of accumulation units outstanding at end of period	283	283	404

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$15.10	$14.63	$13.66	$12.56	$11.33
Value at end of period	$9.23	$15.10	$14.63	$13.66	$12.56
Number of accumulation units outstanding at end of period	139	139	199	2,791	2,791
ING VP SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$14.18	$13.16	$12.96
Value at end of period	$9.10	$14.18	$13.16
Number of accumulation units outstanding at end of period	111	111	158
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$7.42	$7.98	$7.39	$8.17	$8.26
Value at end of period	$4.52	$7.42	$7.98	$7.39	$8.17
Number of accumulation units outstanding at end of period	1,990	1,992	1,992	1,990	2,621



	Separate Account Annual Charges of 1.95%

	2008	2007	2006	2005	2004

AIM V.I. LEISURE FUND
(Fund first available during May 2003)
Value at beginning of period	$13.63	$14.01	$11.47	$11.70
Value at end of period	$7.61	$13.63	$14.01	$11.47
Number of accumulation units outstanding at end of period	7,062	6,743	6,942	7,494
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.11
Value at end of period	$7.96
Number of accumulation units outstanding at end of period	50,907
COLUMBIA SMALL CAP VALUE FUND VS
(Fund first available during September 2005)
Value at beginning of period	$12.65	$13.25	$11.32	$11.11
Value at end of period	$8.91	$12.65	$13.25	$11.32
Number of accumulation units outstanding at end of period	8,596	9,169	8,888	5,994
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.21	$14.09	$12.90	$11.28	$10.45
Value at end of period	$9.11	$16.21	$14.09	$12.90	$11.28
Number of accumulation units outstanding at end of period	150,445	70,389	36,930	19,175	1,350
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.17	$13.26	$11.28	$10.89	$10.11
Value at end of period	$7.38	$13.17	$13.26	$11.28	$10.89
Number of accumulation units outstanding at end of period	18,282	16,244	13,861	13,897	1,969

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$13.65	$12.56	$12.59	$11.16
Value at end of period	$7.17	$13.65	$12.56	$12.59
Number of accumulation units outstanding at end of period	10,252	8,194	2,089	5,949
ING AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.01
Value at end of period	$7.16
Number of accumulation units outstanding at end of period	16,315
ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$9.97
Value at end of period	$8.80
Number of accumulation units outstanding at end of period	69,464
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.92	$12.61	$11.22	$10.87	$10.13
Value at end of period	$7.83	$12.92	$12.61	$11.22	$10.87
Number of accumulation units outstanding at end of period	113,984	68,521	46,015	67,163	565
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$15.01	$13.70	$12.74	$11.24	$10.12
Value at end of period	$8.20	$15.01	$13.70	$12.74	$11.24
Number of accumulation units outstanding at end of period	231,948	170,857	81,723	93,650	1,205
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$18.50	$15.81	$13.62	$11.49	$10.33
Value at end of period	$10.44	$18.50	$15.81	$13.62	$11.49
Number of accumulation units outstanding at end of period	86,930	64,711	30,497	28,586	2,179
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.89	$12.39	$10.96	$10.52
Value at end of period	$7.42	$12.89	$12.39	$10.96
Number of accumulation units outstanding at end of period	40,637	16,201	14,573	7,892
ING BLACKROCK GLOBAL SCIENCE AND TECHNOLOGY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.99
Value at end of period	$6.48
Number of accumulation units outstanding at end of period	37,329
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.74	$12.17	$11.59	$10.87
Value at end of period	$7.61	$12.74	$12.17	$11.59
Number of accumulation units outstanding at end of period	8,468	5,474	192	194
ING BLACKROCK LARGE CAP VALUE PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$13.00	$12.71	$11.43
Value at end of period	$8.24	$13.00	$12.71
Number of accumulation units outstanding at end of period	2,052	2,014	1,383

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during August 2007)
Value at beginning of period	$10.11	$10.12
Value at end of period	$6.54	$10.11
Number of accumulation units outstanding at end of period	26,915	3,275
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Fund first available during December 2006)
Value at beginning of period	$11.29	$11.06	$9.91
Value at end of period	$6.73	$11.29	$11.06
Number of accumulation units outstanding at end of period	46,883	11,531	6,897
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.88	$13.04	$11.68	$10.78	$10.47
Value at end of period	$9.70	$13.88	$13.04	$11.68	$10.78
Number of accumulation units outstanding at end of period	20,618	12,131	3,811	4,500	497
ING EVERGREEN OMEGA PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.01	$11.88	$11.48	$10.29
Value at end of period	$9.24	$13.01	$11.88	$11.48
Number of accumulation units outstanding at end of period	61	61	62	1,033
ING FMR^SMDIVERSIFIED MID CAP PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.74	$13.14	$11.97	$11.45
Value at end of period	$8.80	$14.74	$13.14	$11.97
Number of accumulation units outstanding at end of period	32,504	12,281	5,700	5,245
ING FOCUS 5 PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$9.38
Value at end of period	$5.54
Number of accumulation units outstanding at end of period	353
ING FRANKLIN INCOME PORTFOLIO
(Fund first available during October 2006)
Value at beginning of period	$10.96	$10.88	$10.51
Value at end of period	$7.60	$10.96	$10.88
Number of accumulation units outstanding at end of period	56,147	23,365	460
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$11.84	$12.84
Value at end of period	$7.22	$11.84
Number of accumulation units outstanding at end of period	9,955	8,272
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.57	$10.10
Value at end of period	$6.03	$9.57
Number of accumulation units outstanding at end of period	81,079	34,315
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$20.73	$15.87	$13.33	$11.21
Value at end of period	$11.99	$20.73	$15.87	$13.33
Number of accumulation units outstanding at end of period	47,914	10,111	1,770	291

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$19.25	$16.24	$13.46	$11.80
Value at end of period	$9.63	$19.25	$16.24	$13.46
Number of accumulation units outstanding at end of period	21,711	15,884	487	42
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$24.72	$18.21	$13.67	$10.50
Value at end of period	$11.81	$24.72	$18.21	$13.67
Number of accumulation units outstanding at end of period	39,218	21,548	3,608	6,864
ING JPMORGAN MID CAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.62	$13.58	$11.88	$11.17	$10.38
Value at end of period	$8.94	$13.62	$13.58	$11.88	$11.17
Number of accumulation units outstanding at end of period	2,944	1,765	1,729	1,746	124
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.25	$13.75	$12.03	$11.83	$10.64
Value at end of period	$9.10	$13.25	$13.75	$12.03	$11.83
Number of accumulation units outstanding at end of period	19,353	19,463	17,788	19,006	38
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$12.09	$12.48	$10.60	$10.41
Value at end of period	$7.17	$12.09	$12.48	$10.60
Number of accumulation units outstanding at end of period	3,802	3,549	2,376	1,781
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$19.54	$17.11	$13.51	$11.94	$11.56
Value at end of period	$10.80	$19.54	$17.11	$13.51	$11.94
Number of accumulation units outstanding at end of period	36,640	33,604	15,111	12,212	450
ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.48	$12.98	$12.03	$11.03	$9.99
Value at end of period	$7.42	$12.48	$12.98	$12.03	$11.03
Number of accumulation units outstanding at end of period	4,817	4,898	3,847	4,480	382
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.52	$12.50	$11.97	$11.52	$11.03
Value at end of period	$5.03	$11.52	$12.50	$11.97	$11.52
Number of accumulation units outstanding at end of period	31,068	31,531	30,004	24,888	1,415
ING LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX® PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$9.96
Value at end of period	$10.16
Number of accumulation units outstanding at end of period	1,075
ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.21	$14.03	$12.12	$11.47	$10.96
Value at end of period	$8.11	$14.21	$14.03	$12.12	$11.47
Number of accumulation units outstanding at end of period	52,952	16,549	15,528	35,452	23,485

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.58	$13.33	$11.77	$11.24	$10.82
Value at end of period	$8.44	$13.58	$13.33	$11.77	$11.24
Number of accumulation units outstanding at end of period	205,598	119,395	52,624	52,281	4
ING LIFESTYLE MODERATE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.02	$12.69	$11.41	$11.00	$10.17
Value at end of period	$8.74	$13.02	$12.69	$11.41	$11.00
Number of accumulation units outstanding at end of period	358,614	178,640	94,204	96,248	30,274
ING LIFESTYLE MODERATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$12.49	$12.13	$11.10	$10.74
Value at end of period	$9.06	$12.49	$12.13	$11.10
Number of accumulation units outstanding at end of period	154,138	82,316	29,569	12,101
ING LIQUID ASSETS PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$10.62	$10.32	$10.06	$9.98	$9.99
Value at end of period	$10.67	$10.62	$10.32	$10.06	$9.98
Number of accumulation units outstanding at end of period	298,444	112,965	171,907	23,926	9,833
ING MARSICO GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.02	$12.53	$12.17	$11.40
Value at end of period	$8.21	$14.02	$12.53	$12.17
Number of accumulation units outstanding at end of period	10,198	11,550	12,535	10,016
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Fund first available during September 2005)
Value at beginning of period	$17.78	$15.04	$12.37	$11.19
Value at end of period	$8.80	$17.78	$15.04	$12.37
Number of accumulation units outstanding at end of period	21,344	7,578	1,874	2,313
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.12	$11.88	$10.83	$10.73	$10.07
Value at end of period	$9.23	$12.12	$11.88	$10.83	$10.73
Number of accumulation units outstanding at end of period	67,211	32,684	28,833	29,106	7,039
ING MFS UTILITIES PORTFOLIO
(Fund first available during August 2005)
Value at beginning of period	$18.19	$14.56	$11.35	$11.14
Value at end of period	$11.11	$18.19	$14.56	$11.35
Number of accumulation units outstanding at end of period	31,595	23,277	9,178	9,115
ING MULTI-MANAGER INTERNATIONAL SMALL CAP EQUITY
PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.69
Value at end of period	$5.33
Number of accumulation units outstanding at end of period	6,469
ING OPPENHEIMER GLOBAL PORTFOLIO (INITIAL CLASS)
(Fund first available during May 2003)
Value at beginning of period	$14.45	$13.83	$11.96	$10.06
Value at end of period	$8.46	$14.45	$13.83	$11.96
Number of accumulation units outstanding at end of period	1,672	1,694	1,731	1,796


Empire Traditions		56


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$15.57	$14.93	$12.95	$11.66	$11.42
Value at end of period	$9.08	$15.57	$14.93	$12.95	$11.66
Number of accumulation units outstanding at end of period	44,537	41,585	25,302	18,154	4
ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$13.25	$12.96	$11.50	$11.00
Value at end of period	$7.96	$13.25	$12.96	$11.50
Number of accumulation units outstanding at end of period	13,244	1,603	1,549	496
ING OPPORTUNISTIC LARGECAP VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.85	$12.76	$11.24	$10.73	$10.11
Value at end of period	$8.09	$12.85	$12.76	$11.24	$10.73
Number of accumulation units outstanding at end of period	3	3	3	49	49
ING PIMCO CORE BOND PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.12	$10.41	$10.17	$10.12	$10.07
Value at end of period	$11.36	$11.12	$10.41	$10.17	$10.12
Number of accumulation units outstanding at end of period	251,258	42,736	21,768	17,455	5,993
ING PIMCO HIGH YIELD PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.56	$11.46	$10.73	$10.49	$10.46
Value at end of period	$8.78	$11.56	$11.46	$10.73	$10.49
Number of accumulation units outstanding at end of period	47,575	46,747	18,033	13,314	994
ING PIONEER FUND PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.90	$12.52	$10.94	$10.11
Value at end of period	$8.26	$12.90	$12.52	$10.94
Number of accumulation units outstanding at end of period	504	483	55	102
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.37	$11.96	$10.86	$10.36
Value at end of period	$8.11	$12.37	$11.96	$10.86
Number of accumulation units outstanding at end of period	39,531	25,790	25,216	22,987
ING RUSSELL^TMMID CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.11
Value at end of period	$6.11
Number of accumulation units outstanding at end of period	5,947
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.21
Value at end of period	$6.94
Number of accumulation units outstanding at end of period	11,998
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.61	$12.32	$10.96	$10.65
Value at end of period	$8.96	$12.61	$12.32	$10.96
Number of accumulation units outstanding at end of period	146,473	79,547	38,700	14,985

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.23	$13.09	$11.21	$11.02
Value at end of period	$8.34	$13.23	$13.09	$11.21
Number of accumulation units outstanding at end of period	24,787	18,866	18,406	17,281
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO
(Funds were first received in this option during September 2007)
Value at beginning of period	$10.14	$10.39
Value at end of period	$5.73	$10.14
Number of accumulation units outstanding at end of period	6,525	422
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$13.75	$13.69	$11.79
Value at end of period	$8.13	$13.75	$13.69
Number of accumulation units outstanding at end of period	7,561	1,825	559
ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.18	$13.32	$11.88	$11.05
Value at end of period	$7.75	$13.18	$13.32	$11.88
Number of accumulation units outstanding at end of period	2,060	2,024	2,772	1,350
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
(Fund first available during October 2006)
Value at beginning of period	$15.28	$12.85	$12.59	$11.61
Value at end of period	$7.59	$15.28	$12.85	$12.59
Number of accumulation units outstanding at end of period	2,021	577	883	3,355
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.29	$12.83	$11.29	$11.13	$10.34
Value at end of period	$7.65	$12.29	$12.83	$11.29	$11.13
Number of accumulation units outstanding at end of period	56,759	45,110	31,012	20,154	43
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.07	$11.92	$10.82	$10.65
Value at end of period	$9.05	$12.07	$11.92	$10.82
Number of accumulation units outstanding at end of period	38,316	8,253	3,906	1,947
ING VAN KAMPEN GLOBAL FRANCHISE PORTFOLIO
(Fund first available during November 2005)
Value at beginning of period	$13.58	$12.62	$10.61	$10.34
Value at end of period	$9.51	$13.58	$12.62	$10.61
Number of accumulation units outstanding at end of period	26,358	22,318	6,966	5,004
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.66	$12.59	$11.07	$10.67
Value at end of period	$8.42	$12.66	$12.59	$11.07
Number of accumulation units outstanding at end of period	3,694	3,633	4,060	406
ING VAN KAMPEN REAL ESTATE PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$14.77	$18.31	$13.57	$11.85	$10.79
Value at end of period	$8.90	$14.77	$18.31	$13.57	$11.85
Number of accumulation units outstanding at end of period	24,967	24,476	11,307	9,696	1,991

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING VP GROWTH AND INCOME PORTFOLIO
(Funds were first received in this option during September 2008)
Value at beginning of period	$8.40
Value at end of period	$6.06
Number of accumulation units outstanding at end of period	146
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.01	$12.66	$11.30	$10.96	$10.21
Value at end of period	$7.98	$13.01	$12.66	$11.30	$10.96
Number of accumulation units outstanding at end of period	12,041	11,820	10,617	9,284	2,182
ING VP INDEX PLUS MIDCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.68	$13.26	$12.39	$11.40	$10.26
Value at end of period	$8.35	$13.68	$13.26	$12.39	$11.40
Number of accumulation units outstanding at end of period	18,852	19,406	17,362	12,724	2
ING VP INDEX PLUS SMALLCAP PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.58	$13.72	$12.33	$11.71	$10.46
Value at end of period	$8.18	$12.58	$13.72	$12.33	$11.71
Number of accumulation units outstanding at end of period	4,598	6,392	5,528	4,559	1,902
ING VP INTERMEDIATE BOND PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$10.61	$10.24	$10.06	$10.07
Value at end of period	$9.50	$10.61	$10.24	$10.06
Number of accumulation units outstanding at end of period	82,691	20,190	4,094	2,553
ING VP INTERNATIONAL INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$9.52
Value at end of period	$6.04
Number of accumulation units outstanding at end of period	3,847
ING VP MIDCAP OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.02
Value at end of period	$6.45
Number of accumulation units outstanding at end of period	14,490
ING VP SMALLCAP OPPORTUNITIES PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$14.16	$13.15	$11.94	$11.33
Value at end of period	$9.08	$14.16	$13.15	$11.94
Number of accumulation units outstanding at end of period	4,851	4,999	5,033	9,557
ING VP SMALL COMPANY PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.18
Value at end of period	$7.12
Number of accumulation units outstanding at end of period	15,090
ING WELLS FARGO SMALL CAP DISCIPLINED PORTFOLIO
(Fund first available during July 2006)
Value at beginning of period	$10.76	$11.39	$10.64
Value at end of period	$7.09	$10.76	$11.39
Number of accumulation units outstanding at end of period	1,519	1,604	409

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.34
Value at end of period	$6.05
Number of accumulation units outstanding at end of period	10,049
PROFUND VP EUROPE 30
(Fund first available during May 2003)
Value at beginning of period	$15.52	$13.81	$11.99	$11.31	$10.57
Value at end of period	$8.52	$15.52	$13.81	$11.99	$11.31
Number of accumulation units outstanding at end of period	2,688	2,688	2,689	2,708	38
PROFUND VP RISING RATES OPPORTUNITY
(Fund first available during September 2003)
Value at beginning of period	$8.54	$9.19	$8.51	$9.42	$9.62
Value at end of period	$5.19	$8.54	$9.19	$8.51	$9.42
Number of accumulation units outstanding at end of period	12,291	13,137	12,579	10,503	794



	Separate Account Annual Charges of 2.10%

	2008	2007	2006	2005	2004

AIM V.I. LEISURE FUND
(Fund first available during May 2003)
Value at beginning of period	$13.56	$13.96	$11.44	$11.71
Value at end of period	$7.56	$13.56	$13.96	$11.44
Number of accumulation units outstanding at end of period	2,072	1,735	1,934	1,026
BLACKROCK GLOBAL ALLOCATION V.I. FUND
(Funds were first received in this option during September 2008)
Value at beginning of period	$9.11
Value at end of period	$7.95
Number of accumulation units outstanding at end of period	2,087
FIDELITY® VIP CONTRAFUND® PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$16.13	$14.04	$12.87	$11.27	$11.03
Value at end of period	$9.05	$16.13	$14.04	$12.87	$11.27
Number of accumulation units outstanding at end of period	5,528	5,426	2,689	925	138
FIDELITY® VIP EQUITY-INCOME PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.10	$13.21	$11.25	$10.92
Value at end of period	$7.33	$13.10	$13.21	$11.25
Number of accumulation units outstanding at end of period	2,953	1,735	1,468	791
ING ALLIANCEBERNSTEIN MID CAP GROWTH PORTFOLIO
(Funds were first received in this option during September 2007)
Value at beginning of period	$13.59	$14.12
Value at end of period	$7.13	$13.59
Number of accumulation units outstanding at end of period	1,388	654

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING AMERICAN FUNDS BOND PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$10.01
Value at end of period	$8.79
Number of accumulation units outstanding at end of period	5,198
ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$12.86	$12.57	$11.20	$10.86	$10.64
Value at end of period	$7.78	$12.86	$12.57	$11.20	$10.86
Number of accumulation units outstanding at end of period	12,582	9,576	4,148	959	143
ING AMERICAN FUNDS GROWTH PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$14.93	$13.65	$12.71	$11.23	$10.90
Value at end of period	$8.14	$14.93	$13.65	$12.71	$11.23
Number of accumulation units outstanding at end of period	90,878	90,235	4,612	1,046	420
ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO
(Fund first available during September 2003)
Value at beginning of period	$18.41	$15.75	$13.59	$11.59
Value at end of period	$10.37	$18.41	$15.75	$13.59
Number of accumulation units outstanding at end of period	7,898	8,465	4,059	885
ING BARON SMALL CAP GROWTH PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$12.83	$12.36	$11.57
Value at end of period	$7.38	$12.83	$12.36
Number of accumulation units outstanding at end of period	3,615	2,189	548
ING BLACKROCK GLOBAL SCIENCE AND TECHNOLOGY PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$9.99
Value at end of period	$6.47
Number of accumulation units outstanding at end of period	1,455
ING BLACKROCK LARGE CAP GROWTH PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$12.69	$13.12
Value at end of period	$7.57	$12.69
Number of accumulation units outstanding at end of period	4,010	771
ING COLUMBIA SMALL CAP VALUE II PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.09	$10.68
Value at end of period	$6.51	$10.09
Number of accumulation units outstanding at end of period	939	967
ING DAVIS NEW YORK VENTURE PORTFOLIO
(Funds were first received in this option during February 2007)
Value at beginning of period	$11.26	$11.31
Value at end of period	$6.70	$11.26
Number of accumulation units outstanding at end of period	8,370	3,580
ING EVERGREEN HEALTH SCIENCES PORTFOLIO
(Funds were first received in this option during November 2008)
Value at beginning of period	$8.71
Value at end of period	$9.64
Number of accumulation units outstanding at end of period	211

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING FMRSM DIVERSIFIED MID CAP PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$14.68	$14.13
Value at end of period	$8.75	$14.68
Number of accumulation units outstanding at end of period	1,718	2,576
ING FRANKLIN INCOME PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$10.93	$11.46
Value at end of period	$7.57	$10.93
Number of accumulation units outstanding at end of period	267	15,862
ING FRANKLIN MUTUAL SHARES PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.83	$12.53
Value at end of period	$7.21	$11.83
Number of accumulation units outstanding at end of period	1,686	1,785
ING FRANKLIN TEMPLETON FOUNDING STRATEGY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$9.56	$10.19
Value at end of period	$6.02	$9.56
Number of accumulation units outstanding at end of period	2,306	2,267
ING GLOBAL RESOURCES PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$20.65	$15.83	$13.98
Value at end of period	$11.93	$20.65	$15.83
Number of accumulation units outstanding at end of period	3,225	1,360	449
ING JANUS CONTRARIAN PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$19.15	$16.18	$14.03
Value at end of period	$9.56	$19.15	$16.18
Number of accumulation units outstanding at end of period	1,109	251	452
ING JPMORGAN EMERGING MARKETS EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$24.62	$18.16	$14.54
Value at end of period	$11.75	$24.62	$18.16
Number of accumulation units outstanding at end of period	2,235	2,483	449
ING JPMORGAN SMALL CAP CORE EQUITY PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$13.19	$13.70	$12.00	$11.49
Value at end of period	$9.04	$13.19	$13.70	$12.00
Number of accumulation units outstanding at end of period	5,335	4,846	3,681	1,562
ING JPMORGAN VALUE OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$12.04	$13.59
Value at end of period	$7.13	$12.04
Number of accumulation units outstanding at end of period	407	392
ING JULIUS BAER FOREIGN PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$19.44	$17.05	$14.13
Value at end of period	$10.73	$19.44	$17.05
Number of accumulation units outstanding at end of period	5,688	4,038	618

Empire Traditions

Condensed Financial Information (continued)


	2008	2007	2006	2005	2004

ING LEGG MASON PARTNERS AGGRESSIVE GROWTH PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$12.42	$13.66
Value at end of period	$7.37	$12.42
Number of accumulation units outstanding at end of period	394	380
ING LEGG MASON VALUE PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$11.46	$12.46	$11.95	$11.07
Value at end of period	$5.00	$11.46	$12.46	$11.95
Number of accumulation units outstanding at end of period	8,841	8,326	3,905	764
ING LIFESTYLE AGGRESSIVE GROWTH PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$14.13	$13.98	$12.61
Value at end of period	$8.05	$14.13	$13.98
Number of accumulation units outstanding at end of period	3,437	3,509	6,409
ING LIFESTYLE GROWTH PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.51	$13.28	$11.75	$11.10
Value at end of period	$8.38	$13.51	$13.28	$11.75
Number of accumulation units outstanding at end of period	20,809	21,046	3,171	1,449
ING LIQUID ASSETS PORTFOLIO
(Funds were first received in this option during May 2008)
Value at beginning of period	$10.61
Value at end of period	$10.60
Number of accumulation units outstanding at end of period	19,925
ING MARSICO GROWTH PORTFOLIO
(Funds were first received in this option during September 2007)
Value at beginning of period	$13.95	$13.99
Value at end of period	$8.15	$13.95
Number of accumulation units outstanding at end of period	367	371
ING MARSICO INTERNATIONAL OPPORTUNITIES PORTFOLIO
(Funds were first received in this option during March 2008)
Value at beginning of period	$15.14
Value at end of period	$8.75
Number of accumulation units outstanding at end of period	892
ING MFS TOTAL RETURN PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.06	$11.84	$10.81	$10.70
Value at end of period	$9.17	$12.06	$11.84	$10.81
Number of accumulation units outstanding at end of period	4,896	2,391	2,040	1,148
ING MFS UTILITIES PORTFOLIO
(Fund first available during February 2006)
Value at beginning of period	$18.11	$14.53	$11.73
Value at end of period	$11.05	$18.11	$14.53
Number of accumulation units outstanding at end of period	3,369	2,890	535
ING OPPENHEIMER GLOBAL PORTFOLIO (SERVICE CLASS)
(Fund first available during May 2003)
Value at beginning of period	$15.49	$14.88	$12.92	$11.75
Value at end of period	$9.02	$15.49	$14.88	$12.92
Number of accumulation units outstanding at end of period	4,534	4,291	1,968	813

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING OPPENHEIMER MAIN STREET PORTFOLIO®
(Fund first available during May 2003)
Value at beginning of period	$13.18	$12.91	$11.48	$11.56
Value at end of period	$7.91	$13.18	$12.91	$11.48
Number of accumulation units outstanding at end of period	3,229	476	103	103
ING PIMCO CORE BOND PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$11.06	$10.31
Value at end of period	$11.29	$11.06
Number of accumulation units outstanding at end of period	11,396	2,841
ING PIMCO HIGH YIELD PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$11.50	$11.79
Value at end of period	$8.72	$11.50
Number of accumulation units outstanding at end of period	961	1,827
ING PIONEER MID CAP VALUE PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.32	$11.93	$10.84	$10.82
Value at end of period	$8.07	$12.32	$11.93	$10.84
Number of accumulation units outstanding at end of period	3,309	3,370	3,318	1,743
ING RUSSELL^TMSMALL CAP INDEX PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.00
Value at end of period	$6.93
Number of accumulation units outstanding at end of period	665
ING T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.56	$12.29	$10.95	$10.64
Value at end of period	$8.91	$12.56	$12.29	$10.95
Number of accumulation units outstanding at end of period	5,703	2,985	2,156	912
ING T. ROWE PRICE EQUITY INCOME PORTFOLIO
(Fund first available during May 2004)
Value at beginning of period	$13.16	$13.05	$11.19	$10.99
Value at end of period	$8.29	$13.16	$13.05	$11.19
Number of accumulation units outstanding at end of period	2,852	1,995	385	105
ING T. ROWE PRICE GROWTH EQUITY PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$10.12	$10.29
Value at end of period	$5.71	$10.12
Number of accumulation units outstanding at end of period	2,850	2,772
ING TEMPLETON FOREIGN EQUITY PORTFOLIO
(Funds were first received in this option during May 2007)
Value at beginning of period	$12.55	$12.20
Value at end of period	$7.30	$12.55
Number of accumulation units outstanding at end of period	1,226	392
ING TEMPLETON GLOBAL GROWTH PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$13.69	$14.69
Value at end of period	$8.09	$13.69
Number of accumulation units outstanding at end of period	2,030	1,298

Empire Traditions


	Condensed Financial Information (continued)



	2008	2007	2006	2005	2004

ING UBS U.S. LARGE CAP EQUITY PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$13.12	$13.28	$12.17
Value at end of period	$7.70	$13.12	$13.28
Number of accumulation units outstanding at end of period	36	36	36
ING VAN KAMPEN CAPITAL GROWTH PORTFOLIO
(Funds were first received in this option during April 2008)
Value at beginning of period	$14.37
Value at end of period	$7.55
Number of accumulation units outstanding at end of period	455
ING VAN KAMPEN COMSTOCK PORTFOLIO
(Fund first available during May 2003)
Value at beginning of period	$12.23	$12.78	$11.27	$11.05
Value at end of period	$7.60	$12.23	$12.78	$11.27
Number of accumulation units outstanding at end of period	5,449	5,434	3,025	797
ING VAN KAMPEN EQUITY AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.02	$11.89	$10.81	$10.86
Value at end of period	$9.00	$12.02	$11.89	$10.81
Number of accumulation units outstanding at end of period	3,362	109	110	109
ING VAN KAMPEN GROWTH AND INCOME PORTFOLIO
(Fund first available during May 2005)
Value at beginning of period	$12.61	$12.56	$11.06	$10.78
Value at end of period	$8.37	$12.61	$12.56	$11.06
Number of accumulation units outstanding at end of period	201	203	728	170
ING VP INDEX PLUS LARGECAP PORTFOLIO
(Fund first available during January 2006)
Value at beginning of period	$12.94	$12.62	$11.65
Value at end of period	$7.93	$12.94	$12.62
Number of accumulation units outstanding at end of period	75	75	75
ING VP INTERMEDIATE BOND PORTFOLIO
(Funds were first received in this option during June 2007)
Value at beginning of period	$10.57	$10.18
Value at end of period	$9.45	$10.57
Number of accumulation units outstanding at end of period	4,170	2,491
ING VP SMALL COMPANY PORTFOLIO
(Funds were first received in this option during June 2008)
Value at beginning of period	$10.11
Value at end of period	$7.11
Number of accumulation units outstanding at end of period	383
ING WISDOM TREE^SMGLOBAL HIGH-YIELDING EQUITY INDEX
PORTFOLIO
(Funds were first received in this option during February 2008)
Value at beginning of period	$9.65
Value at end of period	$6.04
Number of accumulation units outstanding at end of period	1,607

Empire Traditions

PART C -- OTHER INFORMATION


ITEM 24:	FINANCIAL STATEMENTS AND EXHIBITS

Financial Statements:
(a)(1)	Included in Part A:
	Condensed Financial Information
(2)	Included in Part B:
	Statutory Basis Financial Statements of ReliaStar Life Insurance Company of New York:
-	Report of Independent Registered Public Accounting Firm
-	Statements of Operations - Statutory Basis for the years ended December 31, 2008,
	2007 and 2006
-	Balance Sheets – Statutory Basis as of December 31, 2008 and 2007
-	Statements of Changes in Capital and Surplus - Statutory Basis for the years ended
	December 31, 2008, 2007 and 2006
-	Statements of Cash Flows - Statutory Basis for the years ended December 31, 2008,
	2007 and 2006
-	Notes to Financial Statements
	Financial Statements of Separate Account NY-B:
-	Report of Independent Registered Public Accounting Firm
-	Statements of Assets and Liabilities as of December 31, 2008
-	Statements of Operations for the year ended December 31, 2008
-	Statements of Changes in Net Assets for the years ended December 31, 2008 and 2007
-	Notes to Financial Statements
	Condensed Financial Information (Accumulation Unit Values)

Exhibits:


(b)
(1)		Resolution of the board of directors of ReliaStar Life Insurance Company of New York
		authorizing the establishment of the Registrant, incorporated herein by reference to the
		initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance
		Company of New York Separate Account NY-B filed with the Securities and Exchange
		Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

(2)		Custodial Agreement between Registrant and the Bank of New York, incorporated herein
		by reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life
		Insurance Company of New York Separate Account NY-B filed with the Securities and
Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

(3)	(a)	Distribution Agreement between the Depositor and Directed Services, Inc., incorporated
		herein by reference to the initial filing of a registration statement on Form N-4 for
		ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the
		Securities and Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

	(b)	Dealers Agreement, incorporated herein by reference to the initial filing of a registration
		statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on April 5, 2002 (File
		Nos. 333-85618, 811-07935).


	(c)	Form of Rule 22c-2 Agreement, incorporated herein by reference to Post-Effective
		Amendment No. 10 to a Registration Statement on Form N-4 for ReliaStar Life Insurance
		Company of New York Separate Account NY-B filed with the Securities and Exchange
		Commission on April 12, 2007 (File Nos. 333-115515, 811-07935).

(4)	(a)	Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (RLNY-IA-
		1090), incorporated herein by reference to Pre-Effective Amendment No. 2 of a registration
		statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on November 18, 2002
		(File Nos. 333-85618, 811-07935).

	(b)	Premium Credit Rider (RLNY-RA-1089), incorporated herein by reference to Pre-Effective
		Amendment No. 2 of a registration statement on Form N-4 for ReliaStar Life Insurance
		Company of New York Separate Account NY-B filed with the Securities and Exchange
		Commission on November 18, 2002 (File Nos. 333-85618, 811-07935).

	(c)	Premium Credit Disclosure (RLNY-DS-1093), incorporated herein by reference to Pre-
		Effective Amendment No. 2 of a registration statement on Form N-4 for ReliaStar Life
		Insurance Company of New York Separate Account NY-B filed with the Securities and
		Exchange Commission on November 18, 2002 (File Nos. 333-85618, 811-07935).

	(d)	403(b) Rider (RLNY-RA-1036), incorporated herein by reference to Post-Effective
		Amendment No. 1 to a Registration Statement on Form N-4 for ReliaStar Life Insurance
		Company of New York Separate Account NY-B filed with the Securities and Exchange
		Commission on April 17, 2003 (File Nos. 333-85618, 811-07935).

	(e)	Earnings Enhancement Death Benefit Rider (RLNY-RA-1086), incorporated herein by
		reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life
		Insurance Company of New York Separate Account NY-B filed with the Securities and
Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

	(f)	Simple Individual Retirement Annuity Rider (Group) (RLNY-RA-1026)(12/02)(CA),
		incorporated herein by reference to Post-Effective Amendment No. 1 to a Registration
		Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on April 17, 2003
		(File Nos. 333-85618, 811-07935).

	(g)	Simple Individual Retirement Annuity Rider (RLNY-RA-1026)(12/02)(IA), incorporated
		herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on
		Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B
		filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333-
		85618, 811-07935).

	(h)	Roth Individual Retirement Annuity Rider (Group) (RLNY-RA-1038)(12/02)(CA),
		incorporated herein by reference to Post-Effective Amendment No. 1 to a Registration
		Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on April 17, 2003 (File
		Nos. 333-85618, 811-07935).


(i)	Roth Individual Retirement Annuity Rider (RLNY-RA-1038)(12/02)(IA), incorporated
	herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on
	Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B
	filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333-
	85618, 811-07935).

(j)	Individual Retirement Annuity Rider (Group) (RLNY-RA-1009)(12/02)(CA), incorporated
	herein by reference to Post-Effective Amendment No. 1 to a Registration Statement on
	Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B
	filed with the Securities and Exchange Commission on April 17, 2003 (File Nos. 333-
	85618, 811-07935).

(k)	Section 72 Rider (Group) (FG-RA-1002-08/97), incorporated herein by reference to the
	initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company
	of New York Separate Account NY-B filed with the Securities and Exchange Commission
	on April 1, 2002 (File Nos. 333-85326, 811-07935).

(l)	Section 72 Rider (Individual) (FG-RA-1001-08/95), incorporated herein by reference to the
	initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company
	of New York Separate Account NY-B filed with the Securities and Exchange Commission
	on April 1, 2002 (File Nos. 333-85326, 811-07935).

(m)	Individual Retirement Annuity Rider (RLNY-RA-1009)(12/02)(IA), incorporated herein by
	reference to Post-Effective Amendment No. 1 to a Registration Statement on Form N-4 for
	ReliaStar Life Insurance Company of New York Separate Account NY-B filed with the
	Securities and Exchange Commission on April 17, 2003 (File Nos. 333-85618, 811-
	07935).

(n)	Minimum Guaranteed Accumulation Benefit Rider (RLNY-RA-2024), incorporated
	herein by reference to Pre-Effective Amendment No. 1 to a Registration Statement on
	Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B
	filed with the Securities and Exchange Commission on September 20, 2004 (File Nos.
	333-115515, 811-07935).

(o)	Minimum Guaranteed Income Benefit Rider (RLNY-RA-2025) (10/06), incorporated
	herein by reference to Post-Effective Amendment No. 19 to a Registration Statement on
	Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B
	filed with the Securities and Exchange Commission on June 4, 2007 (File Nos. 333-85618,
	811-07935).

(p)	Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-2026),
	incorporated herein by reference to Pre-Effective Amendment No. 1 to a Registration
	Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
	Account NY-B filed with the Securities and Exchange Commission on September 20, 2004
	(File Nos. 333-115515, 811-07935).

(q)	Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-3023),
	incorporated herein by reference to Post-Effective Amendment No. 19 to a Registration
	Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
	Account NY-B filed with the Securities and Exchange Commission on June 4, 2007 (File
	Nos. 333-85618, 811-07935).


	(r)	Minimum Guaranteed Withdrawal Benefit Rider with Reset Option (RLNY-RA-3029),
		incorporated herein by reference to Post-Effective Amendment No. 19 to a Registration
		Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on June 4, 2007 (File
		Nos. 333-85618, 811-07935).

	(s)	Minimum Guaranteed Withdrawal Benefit Rider with Automatic Reset (ING LifePay
		Plus), incorporated herein by reference to Post-Effective Amendment No. 27 to a
		Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York
		Separate Account NY-B filed with the Securities and Exchange Commission on December
		12, 2007 (File Nos. 333-85618, 811-07935).

	(t)	Minimum Guaranteed Withdrawal Benefit Rider with Automatic Reset (ING Joint LifePay
		Plus), incorporated herein by reference to Post-Effective Amendment No. 27 to a
		Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York
		Separate Account NY-B filed with the Securities and Exchange Commission on December
		12, 2007 (File Nos. 333-85618, 811-07935).

(5)	(a)	New York Variable Annuity Application (RLNY-AA-2031) (08/07) (140326),
		incorporated herein by reference to Post-Effective Amendment No. 23 to a Registration
		Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on August 28, 2007
		(File Nos. 333-85618, 811-07935).

	(b)	New York Variable Annuity Application (RLNY-AA-2031) (04/08) (140326),
		incorporated herein by reference to Post-Effective Amendment No. 13 to a Registration
		Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on April 9, 2008 (File
		Nos. 333-115515, 811-07935).

	(c)	New York Variable Annuity Application (RLNY-AA-2031) (02/02/2009) (140326),
		incorporated herein by reference to Post Effective Amendment No. 15 to a Registration
		Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on April 14, 2009 (File
		Nos. 333-115515, 811-07935).

	(d)	New York Variable Annuity Application (RLNY-AA-2031) (05/09) (140326),
		incorporated herein by reference to Post Effective Amendment No. 15 to a Registration
		Statement on Form N-4 for ReliaStar Life Insurance Company of New York Separate
		Account NY-B filed with the Securities and Exchange Commission on April 14, 2009 (File
		Nos. 333-115515, 811-07935).

(6)	(a)	Articles of Incorporation of ReliaStar Life Insurance Company of New York, incorporated
		herein by reference to the initial filing of a registration statement on Form S-6 filed with
		the Securities and Exchange Commission on March 6, 1998 (File Nos. 333-47527, 811-
		03427).

	(b)	By-Laws of ReliaStar Life Insurance Company of New York, incorporated herein by
		reference to the initial filing of a registration statement on Form S-6 with the Securities and
Exchange Commission on March 6, 1998 (File Nos. 333-47527, 811-03427).


	(c)	Resolution of board of directors for Powers of Attorney, incorporated herein by reference
		to the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance
		Company of New York Separate Account NY-B filed with the Securities and Exchange
		Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

(7)		Not applicable.

(8)	(a)	Services Agreement effective November 8, 1996 between Directed Services, Inc. and First
		Golden American Life Insurance Company of New York, incorporated herein by reference
		to the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance
		Company of New York Separate Account NY-B filed with the Securities and Exchange
		Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

	(b)	Administrative Services Agreement effective November 8, 1996 between First Golden
		American Life Insurance Company of New York and Golden American Life Insurance
		Company, incorporated herein by reference to the initial filing of a registration statement
		on Form N-4 for ReliaStar Life Insurance Company of New York Separate Account NY-B
		filed with the Securities and Exchange Commission on April 5, 2002 (File Nos. 333-85618,
		811-07935).

	(c)	Asset Management Agreement effective March 30, 1998 between ReliaStar Life Insurance
		Company of New York and ING Investment Management LLC, incorporated herein by
		reference to the initial filing of a registration statement on Form N-4 for ReliaStar Life
		Insurance Company of New York Separate Account NY-B filed with the Securities and
Exchange Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

	(d)	Participation Agreement entered into as of the 2^ndday of September, 2003, as amended and
		restated on May 17, 2004 by and among ING USA Annuity and Life Insurance Company,
		ReliaStar Life Insurance Company of New York, ING Investors Trust, ING Investments,
		LLC, Directed Services, Inc., American Funds Insurance Series and Capital Research and
		Management Company, incorporated herein by reference to Post-Effective Amendment
		No. 8 to Registration Statement on Form N-4 for ING USA Annuity and Life Insurance
		Company Separate Account B filed with Securities and Exchange Commission on August
		1, 2005 (File Nos. 333-70600, 811-05626).

	(e)	Amendment No. 1 to the Business Agreement dated April 30, 2003, as amended on
		January 1, 2008 by and among ING USA Annuity and Life Insurance Company, ReliaStar
		Life Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of
		Denver Insurance Company, ING Life Insurance and Annuity Company, ING American
		Equities, Inc., ING Financial Advisers, LLC, Directed Services LLC, American Funds
		Distributors and Capital Research and Management Company, incorporated herein by
		reference to Pre-Effective Amendment No. 1 to the Form N-6 Registration Statement of
		Security Life of Denver Insurance Company and its Security Life Separate Account L1,
		File No. 333-153337, as filed on November 14, 2008.


(f)	Fourth Amended and Restated Fund Participation Agreement entered into as of the 28^thday
	of April, 2008, as amended among ING USA Annuity and Life Insurance Company,
	ReliaStar Life Insurance Company of New York, ING Investors Trust, Directed Services,
	LLC, ING Funds Distributor, LLC, American Funds Insurance Series and Capital Research
	and Management Company, incorporated herein by reference to Post-Effective
	Amendment No. 14 to a Registration Statement on Form N-4 for ReliaStar Life Insurance
	Company of New York Separate Account NY-B filed with the Securities and Exchange
	Commission on December 29, 2008 (File Nos. 333-115515, 811-07935).

(g)	Participation Agreement entered into as of the 15^thday of September, 2008, as amended
	among ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance
	Company of New York, ING Investors Trust, Directed Services, LLC, ING Funds
	Distributor, LLC, American Funds Insurance Series and Capital Research and Management
	Company, incorporated herein by reference to Post-Effective Amendment No. 14 to a
	Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New York
	Separate Account NY-B filed with the Securities and Exchange Commission on December
	29, 2008 (File Nos. 333-115515, 811-07935).

(h)	Rule 22c-2 Agreement dated no later than April 16, 2007 is effective October 16, 2007
	between ING Funds Services, LLC, ING Life Insurance and Annuity Company, ING
	National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance
	Company, ReliaStar Life Insurance Company of New York, Security Life of Denver
	Insurance Company and Systematized Benefits Administrators Inc., incorporated by
	reference to Post-Effective Amendment No. 50 to Registration Statement on Form N-4
	(File No. 033-75962), as filed on June 15, 2007.

(i)	Participation Agreement enter into as of 28^thday of April, 2000 between ReliaStar Life
	Insurance Company of New York, ING Variable Insurance Trust, ING Mutual Funds
	Management Co. LLC and ING Funds Distributor, Inc., incorporated herein by reference to
	the initial filing of a registration statement on Form N-4 for ReliaStar Life Insurance
	Company of New York Separate Account NY-B filed with the Securities and Exchange
	Commission on April 5, 2002 (File Nos. 333-85618, 811-07935).

(j)	Form of Participation Agreement between ReliaStar Life Insurance Company of New York
	and ING Variable Products Trust, incorporated herein by reference to the initial filing of a
	registration statement on Form N-4 for ReliaStar Life Insurance Company of New York
	Separate Account NY-B filed with the Securities and Exchange Commission on April 5,
	2002 (File Nos. 333-85618, 811-07935).

(k)	Form of Participation Agreement between ReliaStar Life Insurance Company of New
	York, ProFunds and ProFund Advisors LLC, incorporated herein by reference to the initial
	filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company of
	New York Separate Account NY-B filed with the Securities and Exchange Commission on
	April 5, 2002 (File Nos. 333-85618, 811-07935).


(l)	Amended and Restated Participation Agreement as of December 30, 2005 by and among
	Franklin Templeton Variable Insurance Products Trust/Templeton Distributors, Inc., ING
	Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Company,
	ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York and
	Directed Services, Inc., incorporated herein by reference to Post-Effective Amendment No.
	17 filing of a registration statement on Form N-4 for ReliaStar Life Insurance Company of
	New York Separate Account NY-B filed with the Securities and Exchange Commission on
	February 1, 2007 (File Nos. 333-85618, 811-07935).

(m)	Amendment to Participation Agreement as of June 5, 2007 by and between Franklin
	Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., ING
	Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Company,
	ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York, and
	Directed Services, LLC, incorporated herein by reference to Pre-Effective Amendment No.
	1 to a Registration Statement on Form N-4 for ReliaStar Life Insurance Company of New
	York Separate Account NY-B filed with the Securities and Exchange Commission on July
	6, 2007 (File Nos. 333-139695, 811-07935).

(n)	Letter Agreement dated May 16, 2007 between ReliaStar Life Insurance Company of New
	York, Fidelity Distributors Corporation, Variable Insurance Products Fund, Variable
	Insurance Products Fund II and Variable Insurance Products Fund V, incorporated herein
	by reference to Pre-Effective Amendment No. 2 to the Registration Statement on Form N-4
	(File No. 333-139695), as filed on September 5, 2007.

(o)	Rule 22c-2 Agreement dated no later than April 16, 2007 and is effective as of October 16,
	2007 between Fidelity Distributors Corporation, ING Life Insurance and Annuity
	Company, ING National Trust, ING USA Annuity and Life Insurance Company, ReliaStar
	Life Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of
	Denver Insurance Company and Systematized Benefits Administrators Inc., incorporated
	herein by reference to Post-Effective Amendment No. 50 to Registration Statement on
	Form N-4 (File No. 033-75962), as filed on June 15, 2007.

(p)	Rule 22c-2 Agreement dated no later than April 16, 2007, and is effective as of the 16^thday
	of October, 2007, between BlackRock Distributors, Inc., on behalf of and as distributor for
	the BlackRock Funds and the Merrill Lynch family of funds and ING Life Insurance and
	Annuity Company, ING National Trust, ING USA Annuity and Life Insurance Company,
	ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York,
	Security Life of Denver Insurance Company and Systematized Benefits Administrators
	Inc., incorporated by reference to Post-Effective Amendment No. 43 to a Registration
	Statement on Form N-4 for ING USA Annuity and Life Insurance Company Separate
	Account B filed with the Securities and Exchange Commission on April 7, 2008 (File Nos.
	333-28755, 811-05626).

(q)	Participation Agreement dated April 25, 2008, by and among BlackRock Variable Series
	Funds, Inc., BlackRock Distributors, Inc., ING USA Annuity and Life Insurance Company
	and ReliaStar Life Insurance Company of New York, incorporated herein by reference to
	Post-Effective Amendment No. 26 to the Form N-6 Registration Statement of ReliaStar
	Life Insurance Company and its Select*Life Separate Account, filed on April 7, 2009; file
	No. 33-57244.


	(r)	Amendment to Participation Agreement dated April 25, 2008, by and among BlackRock
		Variable Series Funds, Inc., BlackRock Distributors, Inc., ING USA Annuity and Life
		Insurance Company and ReliaStar Life Insurance Company of New York, incorporated
		herein by reference to Post-Effective Amendment No. 26 to the Form N-6 Registration
		Statement of ReliaStar Life Insurance Company and its Select*Life Separate Account, filed
		on April 7, 2009; file No. 33-57244.

	(s)	Administrative Services Agreement dated April 25, 2008, by and among BlackRock
		Advisors, LLC and ING USA Annuity and Life Insurance Company and ReliaStar Life
		Insurance Company of New York, incorporated herein by reference to Post-Effective
		Amendment No. 26 to the Form N-6 Registration Statement of ReliaStar Life Insurance
		Company and its Select*Life Separate Account, filed on April 7, 2009; file No. 33-57244

	(t)	Amendment to Administrative Services Agreement dated April 25, 2008, by and among
		BlackRock Advisors, LLC and ING USA Annuity and Life Insurance Company and
		ReliaStar Life Insurance Company of New York, incorporated herein by reference to Post
		Effective Amendment No. 26 to the Form N-6 Registration Statement of ReliaStar Life
		Insurance Company and its Select*Life Separate Account, filed on April 7, 2009; file No.
		33-57244.

	(u)	Rule 22c-2 Agreement dated no later than April 16, 2007 and is effective as of October 16,
		2007 between AIM Investment Services, Inc., ING Life Insurance and Annuity Company,
		ING National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life
		Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of
		Denver Insurance Company and Systematized Benefits Administrators Inc., incorporated
		by reference to Post-Effective Amendment No. 50 to Registration Statement on Form N-4
		(File No. 033-75962), as filed on June 15, 2007.

	(v)	Rule 22c-2 Agreement dated April 16, 2007 and is effective as of October 16, 2007 among
		Columbia Management Services, Inc., ING Life Insurance and Annuity Company, ING
		National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance
		Company, ReliaStar Life Insurance Company of New York, Security Life of Denver Life
		Insurance Company and Systematized Benefits Administrators Inc., incorporated by
		reference to Post-Effective Amendment No. 3 to Registration Statement on Form N-4 (File
		No. 333-134760), as filed on July 27, 2007.

	(w)	Rule 22c-2 Agreement dated March 1, 2007 and is effective as of October 16, 2007
		between Pioneer Investment Management Shareholder Services, Inc., ING Life Insurance
		and Annuity Company, ING National Trust, ING USA Annuity and Life Insurance
		Company, ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New
York, Security Life of Denver Insurance Company and Systematized Benefits
		Administrators Inc., incorporated by reference to Post-Effective Amendment No. 50 to
		Registration Statement on Form N-4 (File No. 033-75962), as filed on June 15, 2007.

(9)		Opinion and Consent of Counsel, attached.

(10)		Consent of Independent Registered Public Accounting Firm, attached.

(11)		Not applicable.

(12)		Not applicable.


(13)	Powers of Attorney, attached.

ITEM 25:	DIRECTORS AND OFFICERS OF THE DEPOSITOR

Name		Principal Business Address	Positions and Offices with Depositor

Donald W. Britton*		5780 Powers Ferry Road	President, Chief Executive Officer,
		Atlanta, GA 30327-4390	Chairman and Director

David A. Wheat*		5780 Powers Ferry Road	Executive Vice President, Chief Financial
		Atlanta, GA 30327-4390	Officer and Director

James R. Gelder*		1250 Capital of Texas Hwy. S.	Director
		Building 2, Suite 125
		Austin, TX 78746

R. Michael Conley*		2910 Holly Lane	Director
		Plymouth, MN 55447

Carol V. Coleman*		1000 Woodbury Road	Director
		Suite 208
		Woodbury, NY 11797

Richard K. Lau*		1475 Dunwoody Drive	Director, Vice President and Actuary
		West Chester, PA 19380-1478

James F. Lille*		46 Hearthstone Drive	Director
		Gansevoort, NY 12831

Charles B. Updike*		60 East 42nd Street	Director
		New York, NY 10165

Thomas R. Voglewede*		5780 Powers Ferry Road	Director
		Atlanta, GA 30327-4390

Ross M. Weale*		56 Cove Rd.	Director
		South Salem, NY 10590

Brian D. Comer*		One Orange Way	Director and Senior Vice President
		Windsor, CT 06095-4774

Ivan J. Gilreath*		20 Washington Avenue South	Director and Senior Vice President
		Minneapolis, MN 55401

Steven T. Pierson*		5780 Powers Ferry Road	Senior Vice President and Chief
		Atlanta, GA 30327-4390	Accounting Officer

Stephen J. Preston		1475 Dunwoody Drive	Senior Vice President
		West Chester, PA 19380-1478


Name	Principal Business Address	Positions and Offices with Depositor
Boyd G. Combs	5780 Powers Ferry Road	Senior Vice President, Tax
	Atlanta, GA 30327-4390

Daniel P. Mulheran, Sr.*	20 Washington Avenue South	Director and Senior Vice President
	Minneapolis, MN 55401

David S. Pendergrass	5780 Powers Ferry Road	Senior Vice President and Treasurer
	Atlanta, GA 30327-4390

Spencer T. Shell	5780 Powers Ferry Road	Vice President, Assistant Treasurer and
	Atlanta, GA 30327-4390	Assistant Secretary

Valerie G. Brown	1475 Dunwoody Drive	Senior Vice President
	West Chester, PA 19380-1478

Michael L. Emerson	20 Washington Avenue South	CEO, ING Re
	Minneapolis, MN 55401

John F. Todd	One Orange Way	General Counsel
	Windsor, CT 06095-4774

Joy M. Benner	20 Washington Avenue South	Secretary
	Minneapolis, MN 55401

*Principal delegated legal authority to execute this registration statement pursuant to Powers of Attorney,
Exhibit 13 attached.

ITEM 26: PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE
DEPOSITOR OR REGISTRANT

Incorporated herein by reference to Item 28 in Post-Effective Amendment No. 26 to Registration
Statement on Form N-6 for Select*Life Variable Account of ReliaStar Life Insurance Company (File No.
33-57244), as filed with the Securities and Exchange Commission on April 7, 2009.

ITEM 27: NUMBER OF CONTRACT OWNERS

As of February 27, 2009 there are 3,710 qualified contract owners and 2,212 non-qualified contract
owners.

ITEM 28: INDEMNIFICATION

ReliaStar Life Insurance Company of New York (“RLNY”) shall indemnify (including therein the
prepayment of expenses) any person who is or was a director, officer or employee, or who is or was
serving at the request of RLNY as a director, officer or employee of another corporation, partnership,
joint venture, trust or other enterprise for expenses (including attorney’s fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by him with respect to any threatened,
pending or completed action, suit or proceedings against him by reason of the fact that he is or was such a
director, officer or employee to the extent and in the manner permitted by law.

RLNY may also, to the extent permitted by law, indemnify any other person who is or was serving RLNY
in any capacity. The Board of Directors shall have the power and authority to determine who may be
indemnified under this paragraph and to what extent (not to exceed the extent provided in the above
paragraph) any such person may be indemnified.

A corporation may procure indemnification insurance on behalf of an individual who is or was a director
of the corporation. Consistent with the laws of the State of New York, ING America Insurance Holdings,
Inc. maintains a Professional Liability and fidelity bond insurance policy issued by an international
insurer. The policy covers ING America Insurance Holdings, Inc. and any company in which ING
America Insurance Holdings, Inc. has a controlling financial interest of 50% or more. These policies
include the principal underwriter, as well as, the depositor. Additionally, the parent company of ING
America Insurance Holdings, Inc., ING Groep N.V., maintains excess umbrella coverage with limits in
excess of €125,000,000. The policies provide for the following types of coverage: errors and
omissions/professional liability, directors and officers, employment practices, fiduciary and fidelity.

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be
permitted to directors, officers and controlling persons of the Registrant, as provided above or otherwise,
the Registrant has been advised that in the opinion of the SEC such indemnification by the Depositor is
against public policy, as expressed in the Securities Act of 1933, and therefore may be unenforceable. In
the event that a claim of such indemnification (except insofar as it provides for the payment by the
Depositor of expenses incurred or paid by a director, officer or controlling person in the successful
defense of any action, suit or proceeding) is asserted against the Depositor by such director, officer or
controlling person and the SEC is still of the same opinion, the Depositor or Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question of whether such indemnification by the Depositor is against public
policy as expressed by the Securities Act of 1933 and will be governed by the final adjudication of such
issue.

ITEM 29: PRINCIPAL UNDERWRITER

(a) At present, Directed Services LLC, the Registrant’s Distributor, serves as principal underwriter for all
contracts issued by: ING USA Annuity and Life Insurance Company through its Separate Accounts A, B,
and EQ, and Alger Separate Account A; and ReliaStar Life Insurance Company of New York through its
Separate Account NY-B.

(b) The following information is furnished with respect to the principal officers and directors of Directed
Services LLC, the Registrant's Distributor.


Name	Principal Business Address	Positions and Offices with Underwriter

Ann H. Hughes	1475 Dunwoody Drive, Floor 2B	President
	West Chester, PA 19380-1478

Shaun P. Mathews	10 State House Square	Director and Executive Vice President
	Hartford, CT 06103

Valerie G. Brown	1475 Dunwoody Drive	Director
	West Chester, PA 19380-1478

William L. Lowe	One Orange Way	Director
	Windsor, CT 06095


Name	Principal Business Address	Positions and Offices with Underwriter

Richard E. Gelfand	1475 Dunwoody Drive	Chief Financial Officer
	West Chester, PA 19380-1475

Kimberly A. Anderson	7337 E Doubletree Ranch Road,	Senior Vice President
	Scottsdale, AZ 85258

Michael J. Roland	7337 E Doubletree Ranch Road,	Senior Vice President
	Scottsdale, AZ 85258

Stanley D. Vyner	230 Park Avenue, 13th Floor	Senior Vice President
	New York, NY 10169

Beth G. Shanker	1290 Broadway	Broker Dealer Chief Compliance Officer
	Denver, CO 80203

Ernest C’Debaca	7337 E Doubletree Ranch Road	Investment Advisor Chief Compliance
	Scottsdale, AZ 85258	Officer and Senior Vice President

Julius A. Drelick, III	7337 E Doubletree Ranch Road	Vice President
	Scottsdale, AZ 85258

William A. Evans	10 State House Square	Vice President
	Hartford, CT 06103

Todd R. Modic	7337 E Doubletree Ranch Road	Vice President
	Scottsdale, AZ 85258

David S. Pendergrass	7337 E Doubletree Ranch Road	Vice President and Treasurer
	Scottsdale, AZ 85258

Spencer T. Shell	5780 Powers Ferry Road	Vice President and Assistant Treasurer
	Atlanta, GA 30327-4390

Joy M. Benner	20 Washington Avenue South	Secretary
	Minneapolis, MN 55401

Randall K. Price	20 Washington Avenue South	Assistant Secretary
	Minneapolis, MN 55401

Susan M. Vega	20 Washington Avenue South	Assistant Secretary
	Minneapolis, MN 55401

G. Stephen Wastek	7337 E Doubletree Ranch Road	Assistant Secretary
	Scottsdale, AZ 85258

Bruce Kuennen	1475 Dunwoody Drive	Attorney-in-Fact
	West Chester, PA 19380-1478


(c)
	2008 Net
	Underwriting
Name of Principal	Discounts and	Compensation	Brokerage
Underwriter	Commission	on Redemption	Commissions	Compensation
Directed Services LLC	$603,785,462	$0	$0	$0

ITEM 30: LOCATION OF ACCOUNTS AND RECORDS

All accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act
the rules under it relating to the securities described in and issued under this Registration Statement are
maintained by the Depositor and located at: ReliaStar Life Insurance Company of New York at 1000
Woodbury Road, Suite 208, Woodbury, NY 11797 and 1475 Dunwoody Drive, West Chester, PA
19380.

ITEM 31: MANAGEMENT SERVICES

None.

ITEM 32: UNDERTAKINGS

(a) Registrant hereby undertakes to file a post-effective amendment to this registration statement as
frequently as it is necessary to ensure that the audited financial statements in the registration statement are
never more that 16 months old so long as payments under the variable annuity contracts may be accepted.

(b) Registrant hereby undertakes to include either (1) as part of any application to purchase a contract
offered by the prospectus, a space that an applicant can check to request a Statement of Additional
Information, or (2) a post card or similar written communication affixed to or included in the prospectus
that the applicant can remove to send for a Statement of Additional Information; and,

(c) Registrant hereby undertakes to deliver any Statement of Additional Information and any
financial statements required to be made available under this Form promptly upon written or oral request.

(d) Registrant hereby undertakes to mail notices to current contract owners promptly after the
happening of significant events related to the guarantee issued by ReliaStar Life Insurance Company of
New York with respect to allocation of contract value to a series of the ING GET U.S. Core Portfolio (the
“Guarantee”). These significant events include (i) the termination of the Guarantee; (ii) a default under
the Guarantee that has a material adverse effect on a contract owner’s right to receive his or her
guaranteed amount on the maturity date; (iii) the insolvency of ReliaStar Life Insurance Company of New
York; or (iv) a reduction in the credit rating of ReliaStar Life Insurance Company of New York’s long-
term debt as issued by Standard & Poor’s or Moody’s Investors Service, Inc. to BBB+ or lower or Baa1
or lower, respectively.

During the Guarantee Period, the Registrant hereby undertakes to include in the Registrant’s prospectus,
an offer to supply the most recent annual and/or quarterly report of each of ReliaStar Life Insurance
Company of New York, or their successors to the Guarantee, free of charge, upon a contract owner’s
request.

REPRESENTATIONS


1.	The account meets definition of a “separate account” under federal securities laws.

2.	ReliaStar Life Insurance Company of New York hereby represents that the fees and charges
	deducted under the Contract, in the aggregate, are reasonable in relation to the services rendered, the
	expenses expected to be incurred, and the risks assumed by ReliaStar Life Insurance Company of
	New York.

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant
certifies that it meets the requirement of Securities Act Rule 485(b) for effectiveness of this Post-
Effective Amendment to its Registration Statement on Form N-4 and has caused this Post-Effective
Amendment to be signed on its behalf in the City of West Chester and Commonwealth of Pennsylvania,
on the 15^thday of April, 2009.


SEPARATE ACCOUNT NY-B
(Registrant)

By:	RELIASTAR LIFE INSURANCE COMPANY
	OF NEW YORK
	(Depositor)


By:
	Donald W. Britton*
	President
	(principal executive officer)

By:	/s/ John S. Kreighbaum
	John S. (Scott) Kreighbaum as
	Attorney-in-Fact

As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement
has been signed by the following persons in the capacities indicated on April 15, 2009.


Signature	Title

	President, Chief Executive Officer,
Donald W. Britton*	Chairman and Director
	(principal executive officer)


	Senior Vice President and
Steven T. Pierson*	Chief Accounting Officer


	Director
James R. Gelder*


	Executive Vice President,
David A. Wheat*	Chief Financial Officer and Director


	Director, Vice President and Actuary
Richard K. Lau*



	Director
R. Michael Conley*


	Director
Carol V. Coleman*


	Director
James F. Lille*


	Director
Charles B. Updike*


	Director
Ross M. Weale*


	Director and Senior Vice President
Brian D. Comer*


	Director and Senior Vice President
Ivan J. Gilreath*


	Director and Senior Vice President
Daniel P. Mulheran, Sr.*


	Director
Thomas R. Voglewede*


By:	/s/ John S. Kreighbaum
	John S. (Scott) Kreighbaum as
	Attorney-in-Fact

*Executed by John S. (Scott) Kreighbaum on behalf of those indicated pursuant to Powers of Attorney.


EXHIBIT INDEX
ITEM	EXHIBIT	PAGE #
(9)	Opinion and Consent of Counsel	EX-99.B9
(10)	Consent of Independent Registered Public Accounting Firm	EX-99.B10
(13)	Powers of Attorney	EX-99.B13