-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IEHdnR8pK80TwFtKX45ScWlaGsHukr3HVNp0AlomlB4uZeL5kuR1zHWjXTSk2HPX /3RKtXjQTNuqrxk0ZTOdAg== 0001047469-03-013532.txt : 20030416 0001047469-03-013532.hdr.sgml : 20030416 20030416094616 ACCESSION NUMBER: 0001047469-03-013532 CONFORMED SUBMISSION TYPE: N-30D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021231 FILED AS OF DATE: 20030416 EFFECTIVENESS DATE: 20030416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VARIABLE ANNUITY ACCOUNT B OF ING LIFE INS & ANNUITY CO CENTRAL INDEX KEY: 0000103005 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30D SEC ACT: 1940 Act SEC FILE NUMBER: 811-02512 FILM NUMBER: 03651741 BUSINESS ADDRESS: STREET 1: 151 FARMINGTON AVE CITY: HARTFORD STATE: CT ZIP: 06156 BUSINESS PHONE: 2032734808 MAIL ADDRESS: STREET 1: 151 FARMINGTON AVE CITY: HARTFORD STATE: CT ZIP: 06156 FORMER COMPANY: FORMER CONFORMED NAME: VARIABLE ANNUITY ACCOUNT B OF AETNA VARIABLE ANNUITY LIFE IN DATE OF NAME CHANGE: 19791108 FORMER COMPANY: FORMER CONFORMED NAME: VARIABLE ANNUITY ACCOUNT B OF AETNA LIFE INS & ANNUITY CO DATE OF NAME CHANGE: 19920703 N-30D 1 a2108096zn-30d.txt N-30D [ING LOGO] Thomas J. McInerney Chief Executive Officer ING U.S. Financial Services The year 2002 marked one of the more tumultuous years in stock market history. We've seen our economy and political landscape be redefined and the downfall of major corporations. But while this was happening around us, we were not disheartened. It's to our credit that we can say ING experienced several key accomplishments to take us into the New Year on a positive note. We solidified our position as a top-five player in most of our major businesses, to the satisfaction of our 14.5 million clients. We have made significant progress on integrating all of the ING businesses. The first two years after major acquisitions are the most difficult and with that milestone behind us, I believe the future will be much brighter. Most importantly, our company is positioned for a rapid recovery when the U.S. economy and markets improve: we've streamlined our businesses; developed several new and innovative products and services; and established our place among the competition for years to come. Our employees, the backbone of our company, have made personal sacrifices over the past two years, adding their strength and support, to complete the foundation of our "new" financial services company. With a top-notch leadership team and a talented and diverse employee workforce, we are wholly focused on creating a superior customer experience. I truly believe the worst is behind us - both in terms of the integration and the particularly challenging economic environment. And while the markets may not rebound immediately, we will be ready to make the most of it when they do. We've already done what some companies are just starting to do. I'm very optimistic about the future, and hope you are, too. I encourage you to use the information and tools we provide to help you make sense of these volatile times and to make sure your investments reflect the right strategy for you. As always, thank you for your loyalty and confidence in ING - we remain dedicated to helping you achieve your financial goals. Sincerely, /s/ Thomas J. McInerney Thomas J. McInerney FINANCIAL STATEMENTS ING Life Insurance and Annuity Company Variable Annuity Account B YEAR ENDED DECEMBER 31, 2002 WITH REPORT OF INDEPENDENT AUDITORS ING Life Insurance and Annuity Company Variable Annuity Account B Financial Statements Year ended December 31, 2002 CONTENTS Report of Independent Auditors 1 Audited Financial Statements Statement of Assets and Liabilities 3 Statement of Operations 13 Statements of Changes in Net Assets 27 Notes to Financial Statements 55
Report of Independent Auditors The Board of Directors and Participants ING Life Insurance and Annuity Company We have audited the accompanying statement of assets and liabilities of ING Life Insurance and Annuity Company Variable Annuity Account B (comprised of the AIM V.I. Capital Appreciation, AIM V.I. Core Equity, AIM V.I. Government Securities, AIM V.I. Growth, AIM V.I. Premier Equity, Alger American Balanced, Alger American Income & Growth, Alger American Leveraged AllCap, Alliance Growth and Income, Alliance Premier Growth, Alliance Quasar, American Century VP Balanced, American Century VP International, Brinson Series Growth & Income, Brinson Series Small Cap, Brinson Series Tactical Allocation, Calvert Social Balanced, Federated American Leaders, Federated Equity Income, Federated Fund for U.S. Government Securities, Federated Growth Strategies, Federated High Income Bond, Federated International Equity, Federated Prime Money, Federated Utility, Fidelity(R) VIP Equity-Income, Fidelity(R) VIP Growth, Fidelity(R) VIP High Income, Fidelity(R) VIP Overseas, Fidelity(R) VIP II ASSET MANAGER(SM), Fidelity(R) VIP II Contrafund(R), Fidelity(R) VIP II Index 500, Fidelity(R) VIP II Investment Grade Bond, Franklin Small Cap Value Securities, ING GET Fund - Series C, ING GET Fund - Series D, ING GET Fund - Series E, ING GET Fund - Series G, ING GET Fund - Series H, ING GET Fund - Series I, ING GET Fund - Series J, ING GET Fund - Series K, ING GET Fund - Series L, ING GET Fund - Series M, ING GET Fund - Series N, ING GET Fund - Series P, ING GET Fund - Series Q, ING GET Fund - Series R, ING GET Fund - Series S, ING GET Fund - Series T, ING GET Fund - Series U, ING VP Balanced, ING VP Bond, ING VP Emerging Markets, ING VP Money Market, ING VP Natural Resources, ING VP Strategic Allocation Balanced, ING VP Strategic Allocation Growth, ING VP Strategic Allocation Income, ING Alger Aggressive Growth, ING Alger Growth, ING American Century Small Cap Value, ING Baron Small Cap Growth , ING Goldman Sachs Capital Growth , ING JP Morgan Fleming International, ING JP Morgan Mid Cap Value, ING MFS Capital Opportunities, ING MFS Global Growth, ING MFS Research, ING OpCap Balanced Value, ING PIMCO Total Return, ING Salomon Brothers Aggressive Growth, ING Salomon Brothers Capital, ING Salomon Brothers Investors Value, ING T. Rowe Price Growth Equity, ING UBS Tactical Asset Allocation, ING Van Kampen Comstock, ING VP Growth and Income, ING VP Growth, ING VP Index Plus LargeCap, ING VP Index Plus MidCap, ING VP Index Plus SmallCap, ING VP International Equity, ING VP Small Company, ING VP Technology, ING VP Value Opportunity, ING VP Growth Opportunities - Class R, ING VP Growth Opportunities - Class S, ING VP International Value, ING VP MagnaCap - Class R, ING VP MagnaCap - Class S, ING VP MidCap Opportunities - Class R, ING VP MidCap Opportunities - 1 Class S, ING VP SmallCap Opportunities - Class R, ING VP SmallCap Opportunities - - Class S, Janus Aspen Aggressive Growth, Janus Aspen Balanced, Janus Aspen Flexible Income, Janus Aspen Growth, Janus Aspen Worldwide Growth, Lord Abbett Growth and Income, Lord Abbett MidCap Value, MFS(R) Global Governments, MFS(R) Total Return, Oppenheimer Aggressive Growth, Oppenheimer Global Securities, Oppenheimer Main Street Growth & Income, Oppenheimer Strategic Bond, Pioneer Equity Income VCT, Pioneer VCT, Pioneer Mid Cap Value VCT, Prudential Jennison, and SP Jennison International Growth Divisions) as of December 31, 2002, 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. We conducted our audits in accordance with auditing standards generally accepted in the 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. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2002, by correspondence with the transfer agents. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. 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 Divisions comprising the ING Life Insurance and Annuity Company Variable Annuity Account B at December 31, 2002, and the results of their operations and changes in their net assets for the periods disclosed in the financial statements, in conformity with accounting principles generally accepted in the United States. Atlanta, Georgia March 14, 2003 2 ING Life Insurance and Annuity Company Variable Annuity Account B Statement of Assets and Liabilities December 31, 2002
AIM V.I. AIM V.I. CAPITAL AIM V.I. CORE GOVERNMENT AIM V.I. APPRECIATION EQUITY SECURITIES GROWTH --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 14,831,979 $ 29,940,240 $ 25,997,225 $ 14,945,690 --------------------------------------------------------------------- Total assets 14,831,979 29,940,240 25,997,225 14,945,690 --------------------------------------------------------------------- Net assets $ 14,831,979 $ 29,940,240 $ 25,997,225 $ 14,945,690 ===================================================================== NET ASSETS Accumulation units $ 14,401,283 $ 26,781,106 $ 25,997,225 $ 14,294,057 Contracts in payout (annuitization) period 430,696 3,159,134 - 651,633 --------------------------------------------------------------------- Total net assets $ 14,831,979 $ 29,940,240 $ 25,997,225 $ 14,945,690 ===================================================================== Total number of shares 902,738 1,762,227 2,096,550 1,322,627 ===================================================================== Cost of shares $ 18,955,748 $ 35,547,810 $ 25,411,578 $ 20,177,678 ===================================================================== AMERICAN AMERICAN BRINSON SERIES CENTURY(R) VP CENTURY(R) VP TACTICAL CALVERT SOCIAL BALANCED INTERNATIONAL ALLOCATION BALANCED --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 1,483,040 $ 1,538,873 $ 9,724,571 $ 1,775,384 --------------------------------------------------------------------- Total assets 1,483,040 1,538,873 9,724,571 1,775,384 --------------------------------------------------------------------- Net assets $ 1,483,040 $ 1,538,873 $ 9,724,571 $ 1,775,384 ===================================================================== NET ASSETS Accumulation units $ 1,483,040 $ 1,538,873 $ 9,724,571 $ 1,775,384 Contracts in payout (annuitization) period - - - - --------------------------------------------------------------------- Total net assets $ 1,483,040 $ 1,538,873 $ 9,724,571 $ 1,775,384 ===================================================================== Total number of shares 255,256 295,369 999,442 1,183,589 ===================================================================== Cost of shares $ 1,625,187 $ 1,916,928 $ 12,292,389 $ 2,028,088 =====================================================================
3
ALGER AMERICAN ALGER AMERICAN AIM V.I. ALGER AMERICAN INCOME & LEVERAGED PREMIER EQUITY BALANCED GROWTH ALLCAP --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 41,326,592 $ 2,576,379 $ 6,166,827 $ 5,723,711 --------------------------------------------------------------------- Total assets 41,326,592 2,576,379 6,166,827 5,723,711 --------------------------------------------------------------------- Net assets $ 41,326,592 $ 2,576,379 $ 6,166,827 $ 5,723,711 ===================================================================== NET ASSETS Accumulation units $ 38,978,157 $ 2,576,379 $ 6,166,827 $ 5,723,711 Contracts in payout (annuitization) period 2,348,435 - - - --------------------------------------------------------------------- Total net assets $ 41,326,592 $ 2,576,379 $ 6,166,827 $ 5,723,711 ===================================================================== Total number of shares 2,547,879 228,200 851,772 274,519 ===================================================================== Cost of shares $ 55,313,967 $ 2,906,080 $ 8,544,208 $ 8,135,410 ===================================================================== ALLIANCE ALLIANCE GROWTH AND PREMIER ALLIANCE INCOME GROWTH QUASAR --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 22,168,501 $ 5,838,258 $ 683,596 --------------------------------------------------- Total assets 22,168,501 5,838,258 683,596 --------------------------------------------------- Net assets $ 22,168,501 $ 5,838,258 $ 683,596 =================================================== NET ASSETS Accumulation units $ 22,168,501 $ 5,838,258 $ 683,596 Contracts in payout (annuitization) period - - - --------------------------------------------------- Total net assets $ 22,168,501 $ 5,838,258 $ 683,596 =================================================== Total number of shares 1,333,845 334,571 100,087 =================================================== Cost of shares $ 29,326,543 $ 7,590,985 $ 946,508 =================================================== FEDERATED FUND FEDERATED FOR US FEDERATED AMERICAN FEDERATED GOVERNMENT GROWTH LEADERS EQUITY INCOME SECURITIES STRATEGIES --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 50,538,929 $ 10,263,865 $ 12,674,158 $ 10,415,347 --------------------------------------------------------------------- Total assets 50,538,929 10,263,865 12,674,158 10,415,347 --------------------------------------------------------------------- Net assets $ 50,538,929 $ 10,263,865 $ 12,674,158 $ 10,415,347 ===================================================================== NET ASSETS Accumulation units $ 50,440,295 $ 10,175,474 $ 12,674,158 $ 10,415,347 Contracts in payout (annuitization) period 98,634 88,391 - - --------------------------------------------------------------------- Total net assets $ 50,538,929 $ 10,263,865 $ 12,674,158 $ 10,415,347 ===================================================================== Total number of shares 3,322,744 1,054,868 1,057,943 801,181 ===================================================================== Cost of shares $ 66,150,117 $ 14,483,890 $ 11,697,945 $ 19,603,994 ===================================================================== FEDERATED FEDERATED HIGH INTERNATIONAL FEDERATED INCOME BOND EQUITY PRIME MONEY --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 16,683,252 $ 6,023,743 $ 7,386,500 --------------------------------------------------- Total assets 16,683,252 6,023,743 7,386,500 --------------------------------------------------- Net assets $ 16,683,252 $ 6,023,743 $ 7,386,500 =================================================== NET ASSETS Accumulation units $ 16,665,208 $ 5,978,828 $ 7,386,500 Contracts in payout (annuitization) period 18,044 44,915 - --------------------------------------------------- Total net assets $ 16,683,252 $ 6,023,743 $ 7,386,500 =================================================== Total number of shares 2,356,392 685,295 7,386,500 =================================================== Cost of shares $ 19,139,746 $ 13,004,078 $ 7,386,500 ===================================================
SEE ACCOMPANYING NOTES. 4
FEDERATED FIDELITY(R) VIP FIDELITY(R) VIP FIDELITY(R) VIP UTILITY EQUITY-INCOME GROWTH HIGH INCOME --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 7,020,743 $ 146,420,473 $ 98,179,526 $ 36,456,443 --------------------------------------------------------------------- Total assets 7,020,743 146,420,473 98,179,526 36,456,443 --------------------------------------------------------------------- Net assets $ 7,020,743 $ 146,420,473 $ 98,179,526 $ 36,456,443 ===================================================================== NET ASSETS Accumulation units $ 6,995,021 $ 146,420,473 $ 98,179,526 $ 35,239,038 Contracts in payout (annuitization) period 25,722 - - 1,217,405 --------------------------------------------------------------------- Total net assets $ 7,020,743 $ 146,420,473 $ 98,179,526 $ 36,456,443 ===================================================================== Total number of shares 933,609 8,062,801 4,188,546 6,147,798 ===================================================================== Cost of shares $ 11,520,737 $ 176,875,742 $ 134,175,187 $ 35,269,905 ===================================================================== ING GET ING GET FUND - SERIES FUND - SERIES ING GET FUND - ING GET FUND E G SERIES H - SERIES I --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 276,396,796 $ 163,876,702 $ 121,603,049 $ 84,078,702 --------------------------------------------------------------------- Total assets 276,396,796 163,876,702 121,603,049 84,078,702 --------------------------------------------------------------------- Net assets $ 276,396,796 $ 163,876,702 $ 121,603,049 $ 84,078,702 ===================================================================== NET ASSETS Accumulation units $ 276,396,796 $ 163,876,702 $ 121,603,049 $ 84,078,702 Contracts in payout (annuitization) period - - - - --------------------------------------------------------------------- Total net assets $ 276,396,796 $ 163,876,702 $ 121,603,049 $ 84,078,702 ===================================================================== Total number of shares 28,089,105 16,387,670 11,992,411 8,316,390 ===================================================================== Cost of shares $ 278,487,403 $ 163,834,851 $ 120,839,531 $ 83,250,451 =====================================================================
5
FIDELITY(R) VIP FIDELITY(R) FIDELITY(R) VIP II ASSET VIP II FIDELITY(R) VIP OVERSEAS MANAGER(SM) CONTRAFUND(R) II INDEX 500 --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 6,616,775 $ 11,086,015 $ 145,571,079 $ 64,190,398 --------------------------------------------------------------------- Total assets 6,616,775 11,086,015 145,571,079 64,190,398 --------------------------------------------------------------------- Net assets $ 6,616,775 $ 11,086,015 $ 145,571,079 $ 64,190,398 ===================================================================== NET ASSETS Accumulation units $ 6,616,775 $ 11,086,015 $ 145,571,079 $ 64,190,398 Contracts in payout (annuitization) period - - - - --------------------------------------------------------------------- Total net assets $ 6,616,775 $ 11,086,015 $ 145,571,079 $ 64,190,398 ===================================================================== Total number of shares 602,621 869,491 8,042,601 642,418 ===================================================================== Cost of shares $ 7,879,773 $ 11,920,837 $ 166,018,954 $ 80,173,340 ===================================================================== FIDELITY(R) VIP FRANKLIN SMALL II INVESTMENT CAP VALUE ING GET FUND GRADE BOND SECURITIES - SERIES D --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 2,890,300 $ 364,802 $ 103,697,732 --------------------------------------------------- Total assets 2,890,300 364,802 103,697,732 --------------------------------------------------- Net assets $ 2,890,300 $ 364,802 $ 103,697,732 =================================================== NET ASSETS Accumulation units $ 2,890,300 $ 364,802 $ 103,697,732 Contracts in payout (annuitization) period - - - --------------------------------------------------- Total net assets $ 2,890,300 $ 364,802 $ 103,697,732 =================================================== Total number of shares 210,971 37,961 11,043,422 =================================================== Cost of shares $ 2,658,230 $ 363,037 $ 108,305,744 =================================================== ING GET FUND ING GET FUND ING GET FUND ING GET FUND - SERIES J - SERIES K - SERIES L - SERIES M --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 71,844,245 $ 81,260,062 $ 75,254,546 $ 115,381,108 --------------------------------------------------------------------- Total assets 71,844,245 81,260,062 75,254,546 115,381,108 --------------------------------------------------------------------- Net assets $ 71,844,245 $ 81,260,062 $ 75,254,546 $ 115,381,108 ===================================================================== NET ASSETS Accumulation units $ 71,844,245 $ 81,260,062 $ 75,254,546 $ 115,381,108 Contracts in payout (annuitization) period - - - - --------------------------------------------------------------------- Total net assets $ 71,844,245 $ 81,260,062 $ 75,254,546 $ 115,381,108 ===================================================================== Total number of shares 7,127,405 7,912,372 7,436,220 11,356,408 ===================================================================== Cost of shares $ 70,574,219 $ 79,242,590 $ 73,247,260 $ 111,414,328 ===================================================================== ING GET FUND ING GET FUND ING GET FUND - SERIES N - SERIES P - SERIES Q --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 90,143,302 $ 76,333,735 $ 54,825,559 --------------------------------------------------- Total assets 90,143,302 76,333,735 54,825,559 --------------------------------------------------- Net assets $ 90,143,302 $ 76,333,735 $ 54,825,559 =================================================== NET ASSETS Accumulation units $ 90,143,302 $ 76,333,735 $ 54,825,559 Contracts in payout (annuitization) period - - - --------------------------------------------------- Total net assets $ 90,143,302 $ 76,333,735 $ 54,825,559 =================================================== Total number of shares 8,907,441 7,498,402 $ 5,460,713 =================================================== Cost of shares $ 90,892,913 $ 74,834,416 $ 54,500,194 ===================================================
SEE ACCOMPANYING NOTES. 6
ING GET FUND ING GET FUND ING GET FUND ING GET FUND - SERIES R - SERIES S - SERIES T - SERIES U --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 43,556,397 $ 53,553,407 $ 39,378,494 $ 502,569 --------------------------------------------------------------------- Total assets 43,556,397 53,553,407 39,378,494 502,569 --------------------------------------------------------------------- Net assets $ 43,556,397 $ 53,553,407 $ 39,378,494 $ 502,569 ===================================================================== NET ASSETS Accumulation units $ 43,556,397 $ 53,553,407 $ 39,378,494 $ 502,569 Contracts in payout (annuitization) period - - - - --------------------------------------------------------------------- Total net assets $ 43,556,397 $ 53,553,407 $ 39,378,494 $ 502,569 ===================================================================== Total number of shares 4,312,515 5,318,114 3,891,156 50,234 ===================================================================== Cost of shares $ 43,208,554 $ 53,289,484 $ 38,992,044 $ 502,399 ===================================================================== ING VP STRATEGIC ING ALGER ING AMERICAN ALLOCATION AGGRESSIVE ING ALGER CENTURY SMALL INCOME GROWTH GROWTH CAP VALUE --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 20,088,287 $ 178,669 $ 9,413 $ 172,840 --------------------------------------------------------------------- Total assets 20,088,287 178,669 9,413 172,840 --------------------------------------------------------------------- Net assets $ 20,088,287 $ 178,669 $ 9,413 $ 172,840 ===================================================================== NET ASSETS Accumulation units $ 16,945,520 $ 178,669 $ 9,413 $ 172,840 Contracts in payout (annuitization) period 3,142,767 - - - --------------------------------------------------------------------- Total net assets $ 20,088,287 $ 178,669 $ 9,413 $ 172,840 ===================================================================== Total number of shares 1,811,388 35,102 1,428 21,207 ===================================================================== Cost of shares $ 22,057,068 $ 190,259 $ 10,342 $ 165,978 =====================================================================
7
ING VP ING VP EMERGING ING VP MONEY BALANCED ING VP BOND MARKETS MARKET --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 148,867,834 $ 164,563,104 $ 649,050 $ 262,555,759 --------------------------------------------------------------------- Total assets 148,867,834 164,563,104 649,050 262,555,759 --------------------------------------------------------------------- Net assets $ 148,867,834 $ 164,563,104 $ 649,050 $ 262,555,759 ===================================================================== NET ASSETS Accumulation units $ 113,344,138 $ 150,113,484 $ 649,050 $ 252,582,665 Contracts in payout (annuitization) period 35,523,696 14,449,620 - 9,973,094 --------------------------------------------------------------------- Total net assets $ 148,867,834 $ 164,563,104 $ 649,050 $ 262,555,759 ===================================================================== Total number of shares 13,873,983 12,162,831 145,201 20,157,213 ===================================================================== Cost of shares $ 178,415,327 $ 160,681,216 $ 833,454 $ 261,307,778 ===================================================================== ING VP ING VP ING VP STRATEGIC STRATEGIC NATURAL ALLOCATION ALLOCATION RESOURCES BALANCED GROWTH --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 1,566,801 $ 14,344,005 $ 11,256,899 --------------------------------------------------- Total assets 1,566,801 14,344,005 11,256,899 --------------------------------------------------- Net assets $ 1,566,801 $ 14,344,005 $ 11,256,899 =================================================== NET ASSETS Accumulation units $ 1,566,801 $ 12,850,128 $ 10,763,357 Contracts in payout (annuitization) period - 1,493,877 493,542 --------------------------------------------------- Total net assets $ 1,566,801 $ 14,344,005 $ 11,256,899 =================================================== Total number of shares 129,274 1,320,811 1,041,341 =================================================== Cost of shares $ 1,750,492 $ 16,686,947 $ 13,564,418 =================================================== ING BARON ING GOLDMAN ING JPMORGAN SMALL CAP SACHS(R) CAPITAL FLEMING ING JPMORGAN GROWTH GROWTH INTERNATIONAL MID CAP VALUE --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 193,278 $ 18,093 $ 24,044,050 $ 86,925 --------------------------------------------------------------------- Total assets 193,278 18,093 24,044,050 86,925 --------------------------------------------------------------------- Net assets $ 193,278 $ 18,093 $ 24,044,050 $ 86,925 ===================================================================== NET ASSETS Accumulation units $ 193,278 $ 18,093 $ 23,318,905 $ 86,925 Contracts in payout (annuitization) period - - 725,145 - --------------------------------------------------------------------- Total net assets $ 193,278 $ 18,093 $ 24,044,050 $ 86,925 ===================================================================== Total number of shares 22,064 2,159 2,942,968 9,418 ===================================================================== Cost of shares $ 192,951 $ 18,642 $ 24,274,938 $ 89,224 ===================================================================== ING MFS CAPITAL ING MFS ING MFS OPPORTUNITIES GLOBAL GROWTH RESEARCH --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 35,740,787 $ 1,402 $ 40,668,842 --------------------------------------------------- Total assets 35,740,787 1,402 40,668,842 --------------------------------------------------- Net assets $ 35,740,787 $ 1,402 $ 40,668,842 =================================================== NET ASSETS Accumulation units $ 33,216,756 $ 1,402 $ 40,668,842 Contracts in payout (annuitization) period 2,524,031 - - --------------------------------------------------- Total net assets $ 35,740,787 $ 1,402 $ 40,668,842 =================================================== Total number of shares 1,887,053 167 6,699,974 =================================================== Cost of shares $ 49,418,144 $ 1,419 $ 53,843,434 ===================================================
SEE ACCOMPANYING NOTES. 8
ING SALOMON BROTHERS ING SALOMON ING OPCAP ING PIMCO AGGRESSIVE BROTHERS BALANCED VALUE TOTAL RETURN GROWTH CAPITAL --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 15,244 $ 1,275,028 $ 47,007,829 $ 5,034 --------------------------------------------------------------------- Total assets 15,244 1,275,028 47,007,829 5,034 --------------------------------------------------------------------- Net assets $ 15,244 $ 1,275,028 $ 47,007,829 $ 5,034 ===================================================================== NET ASSETS Accumulation units $ 15,244 $ 1,275,028 $ 46,015,154 $ 5,034 Contracts in payout (annuitization) period - - 992,675 - --------------------------------------------------------------------- Total net assets $ 15,244 $ 1,275,028 $ 47,007,829 $ 5,034 ===================================================================== Total number of shares 1,581 120,856 1,783,978 421 ===================================================================== Cost of shares $ 14,972 $ 1,256,640 $ 64,573,920 $ 5,000 ===================================================================== ING VP ING VP INDEX ING VP INDEX INTERNATIONAL ING VP SMALL PLUS MIDCAP PLUS SMALLCAP EQUITY COMPANY --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 11,779,436 $ 4,274,524 $ 5,227,820 $ 52,157,900 --------------------------------------------------------------------- Total assets 11,779,436 4,274,524 5,227,820 52,157,900 --------------------------------------------------------------------- Net assets $ 11,779,436 $ 4,274,524 $ 5,227,820 $ 52,157,900 ===================================================================== NET ASSETS Accumulation units $ 11,779,436 $ 4,274,524 $ 4,851,325 $ 48,275,927 Contracts in payout (annuitization) period - - 376,495 3,881,973 --------------------------------------------------------------------- Total net assets $ 11,779,436 $ 4,274,524 $ 5,227,820 $ 52,157,900 ===================================================================== Total number of shares 993,207 429,600 904,467 4,090,816 ===================================================================== Cost of shares $ 13,481,416 $ 4,957,354 $ 5,282,086 $ 64,947,675 =====================================================================
9
ING SALOMON ING T. ROWE ING UBS ING VAN BROTHERS PRICE GROWTH TACTICAL ASSET KAMPEN INVESTORS VALUE EQUITY ALLOCATION COMSTOCK --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 14,349 $ 58,442,588 $ 428 $ 318,983 --------------------------------------------------------------------- Total assets 14,349 58,442,588 428 318,983 --------------------------------------------------------------------- Net assets $ 14,349 $ 58,442,588 $ 428 $ 318,983 ===================================================================== NET ASSETS Accumulation units $ 14,349 $ 56,097,352 $ 428 $ 318,983 Contracts in payout (annuitization) period - 2,345,236 - - --------------------------------------------------------------------- Total net assets $ 14,349 $ 58,442,588 $ 428 $ 318,983 ===================================================================== Total number of shares 1,444 1,684,710 18 38,247 ===================================================================== Cost of shares $ 15,996 $ 73,754,294 $ 440 $ 330,123 ===================================================================== ING VP GROWTH AND ING VP ING VP INDEX INCOME GROWTH PLUS LARGECAP --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 415,966,022 $ 28,286,199 $ 154,416,728 --------------------------------------------------- Total assets 415,966,022 28,286,199 154,416,728 --------------------------------------------------- Net assets $ 415,966,022 $ 28,286,199 $ 154,416,728 =================================================== NET ASSETS Accumulation units $ 329,440,424 $ 25,655,013 $ 122,505,931 Contracts in payout (annuitization) period 86,525,598 2,631,186 31,910,797 --------------------------------------------------- Total net assets $ 415,966,022 $ 28,286,199 $ 154,416,728 =================================================== Total number of shares 28,687,312 4,129,372 14,231,957 =================================================== Cost of shares $ 678,063,682 $ 37,384,530 $ 189,726,070 =================================================== ING VP ING VP GROWTH GROWTH ING VP ING VP VALUE OPPORTUNITIES OPPORTUNITIES TECHNOLOGY OPPORTUNITY - CLASS R - CLASS S --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 6,564,063 $ 17,000,985 $ 384,251 $ 125,218 --------------------------------------------------------------------- Total assets 6,564,063 17,000,985 384,251 125,218 --------------------------------------------------------------------- Net assets $ 6,564,063 $ 17,000,985 $ 384,251 $ 125,218 ===================================================================== NET ASSETS Accumulation units $ 6,564,063 $ 17,000,985 $ 384,251 $ 125,218 Contracts in payout (annuitization) period - - - - --------------------------------------------------------------------- Total net assets $ 6,564,063 $ 17,000,985 $ 384,251 $ 125,218 ===================================================================== Total number of shares 2,467,693 1,740,121 102,467 33,303 ===================================================================== Cost of shares $ 8,536,756 $ 22,638,830 $ 403,353 $ 154,512 ===================================================================== ING VP ING VP ING VP INTERNATIONAL MAGNACAP - MAGNACAP - VALUE CLASS R CLASS S --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 403,983 $ 26,804 $ 489,722 --------------------------------------------------- Total assets 403,983 26,804 489,722 --------------------------------------------------- Net assets $ 403,983 $ 26,804 $ 489,722 =================================================== NET ASSETS Accumulation units $ 403,983 $ 26,804 $ 489,722 Contracts in payout (annuitization) period - - - --------------------------------------------------- Total net assets $ 403,983 $ 26,804 $ 489,722 =================================================== Total number of shares 46,975 3,930 71,492 =================================================== Cost of shares $ 434,101 $ 32,494 $ 604,708 ===================================================
SEE ACCOMPANYING NOTES. 10
ING VP ING VP ING VP ING VP MIDCAP MIDCAP SMALLCAP SMALLCAP OPPORTUNITIES - OPPORTUNITIES - OPPORTUNITIES - OPPORTUNITIES - CLASS R CLASS S CLASS R CLASS S --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 76,098 $ 2,583,170 $ 58,445 $ 1,771,721 --------------------------------------------------------------------- Total assets 76,098 2,583,170 58,445 1,771,721 --------------------------------------------------------------------- Net assets $ 76,098 $ 2,583,170 $ 58,445 $ 1,771,721 ===================================================================== NET ASSETS Accumulation units $ 76,098 $ 2,583,170 $ 58,445 $ 1,771,721 Contracts in payout (annuitization) period - - - - --------------------------------------------------------------------- Total net assets $ 76,098 $ 2,583,170 $ 58,445 $ 1,771,721 ===================================================================== Total number of shares 16,911 577,890 5,488 166,986 ===================================================================== Cost of shares $ 76,903 $ 3,032,227 $ 62,023 $ 2,367,889 ===================================================================== OPPENHEIMER OPPENHEIMER MFS(R) GLOBAL MFS(R) TOTAL AGGRESSIVE GLOBAL GOVERNMENTS RETURN GROWTH SECURITIES --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 2,720,439 $ 91,725,015 $ 23,930,198 $ 15,176,818 --------------------------------------------------------------------- Total assets 2,720,439 91,725,015 23,930,198 15,176,818 --------------------------------------------------------------------- Net assets $ 2,720,439 $ 91,725,015 $ 23,930,198 $ 15,176,818 ===================================================================== NET ASSETS Accumulation units $ 2,720,439 $ 91,725,015 $ 23,110,791 $ 15,176,818 Contracts in payout (annuitization) period - - 819,407 - --------------------------------------------------------------------- Total net assets $ 2,720,439 $ 91,725,015 $ 23,930,198 $ 15,176,818 ===================================================================== Total number of shares 258,351 5,351,518 818,686 857,447 ===================================================================== Cost of shares $ 2,618,004 $ 102,010,242 $ 30,059,768 $ 19,348,041 =====================================================================
11
JANUS ASPEN AGGRESSIVE JANUS ASPEN JANUS ASPEN JANUS ASPEN GROWTH BALANCED FLEXIBLE INCOME GROWTH --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 77,233,111 $ 197,825,408 $ 28,391,748 $ 98,502,589 --------------------------------------------------------------------- Total assets 77,233,111 197,825,408 28,391,748 98,502,589 --------------------------------------------------------------------- Net assets $ 77,233,111 $ 197,825,408 $ 28,391,748 $ 98,502,589 ===================================================================== NET ASSETS Accumulation units $ 77,233,111 $ 197,825,408 $ 28,391,748 $ 92,138,870 Contracts in payout (annuitization) period - - - 6,363,719 --------------------------------------------------------------------- Total net assets $ 77,233,111 $ 197,825,408 $ 28,391,748 $ 98,502,589 ===================================================================== Total number of shares 4,875,828 9,607,839 2,308,272 6,742,135 ===================================================================== Cost of shares $ 92,264,412 $ 218,902,715 $ 27,607,794 $ 130,606,459 ===================================================================== JANUS ASPEN LORD ABBETT WORLDWIDE GROWTH AND LORD ABBETT GROWTH INCOME MID-CAP VALUE --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 198,280,103 $ 421,513 $ 473,961 --------------------------------------------------- Total assets 198,280,103 421,513 473,961 --------------------------------------------------- Net assets $ 198,280,103 $ 421,513 $ 473,961 =================================================== NET ASSETS Accumulation units $ 190,950,563 $ 421,513 $ 473,961 Contracts in payout (annuitization) period 7,329,540 - - --------------------------------------------------- Total net assets $ 198,280,103 $ 421,513 $ 473,961 =================================================== Total number of shares 9,419,482 22,385 34,196 =================================================== Cost of shares $ 253,349,460 $ 440,890 $ 499,299 =================================================== OPPENHEIMER MAIN STREET GROWTH & OPPENHEIMER PIONEER EQUITY PIONEER INCOME STRATEGIC BOND INCOME VCT VCT --------------------------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 48,800,609 $ 32,734,881 $ 153,293 $ 1,303 --------------------------------------------------------------------- Total assets 48,800,609 32,734,881 153,293 1,303 --------------------------------------------------------------------- Net assets $ 48,800,609 $ 32,734,881 $ 153,293 $ 1,303 ===================================================================== NET ASSETS Accumulation units $ 45,707,631 $ 31,581,706 $ 153,293 $ 1,303 Contracts in payout (annuitization) period 3,092,978 1,153,175 - - --------------------------------------------------------------------- Total net assets $ 48,800,609 $ 32,734,881 $ 153,293 $ 1,303 ===================================================================== Total number of shares 3,185,418 7,162,994 10,145 85 ===================================================================== Cost of shares $ 60,569,880 $ 31,335,136 $ 159,271 $ 1,302 ===================================================================== SP JENNISON PIONEER MID PRUDENTIAL INTERNATIONAL CAP VALUE VCT JENNISON GROWTH --------------------------------------------------- ASSETS Investments in mutual funds at fair value $ 30,425 $ 426,947 $ 213,838 --------------------------------------------------- Total assets 30,425 426,947 213,838 --------------------------------------------------- Net assets $ 30,425 $ 426,947 $ 213,838 =================================================== NET ASSETS Accumulation units $ 30,425 $ 426,947 $ 213,838 Contracts in payout (annuitization) period - - - --------------------------------------------------- Total net assets $ 30,425 $ 426,947 $ 213,838 =================================================== Total number of shares 2,036 33,618 51,035 =================================================== Cost of shares $ 30,375 $ 456,396 $ 220,447 ===================================================
SEE ACCOMPANYING NOTES. 12 ING Life Insurance and Annuity Company Variable Annuity Account B Statement of Operations For the year ended December 31, 2002
AIM V.I. AIM V.I. CAPITAL AIM V.I. CORE GOVERNMENT APPRECIATION EQUITY SECURITIES --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 110,893 $ 469,767 --------------------------------------------------- Total investment income - 110,893 469,767 Expenses: Mortality and expense risk and other charges 234,121 447,816 212,298 --------------------------------------------------- Total expenses 234,121 447,816 212,298 --------------------------------------------------- Net investment income (loss) (234,121) (336,923) 257,469 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (11,841,069) (19,166,365) 274,461 Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (11,841,069) (19,166,365) 274,461 Net unrealized appreciation (depreciation) of investments 6,412,975 12,696,921 710,014 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (5,662,215) $ (6,806,367) $ 1,241,944 =================================================== AMERICAN AMERICAN ALLIANCE CENTURY(R) VP CENTURY(R) VP QUASAR BALANCED INTERNATIONAL --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 50,084 $ 17,753 --------------------------------------------------- Total investment income - 50,084 17,753 Expenses: Mortality and expense risk and other charges 11,757 24,787 29,964 --------------------------------------------------- Total expenses 11,757 24,787 29,964 --------------------------------------------------- Net investment income (loss) (11,757) 25,297 (12,211) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (52,585) (331,096) (1,559,008) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (52,585) (331,096) (1,559,008) Net unrealized appreciation (depreciation) of investments (320,915) 88,916 1,039,420 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (385,257) $ (216,883) $ (531,799) ===================================================
13
ALGER AMERICAN AIM V.I. AIM V.I. ALGER AMERICAN INCOME & GROWTH PREMIER EQUITY BALANCED GROWTH --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 167,442 $ 53,511 $ 55,622 --------------------------------------------------------------------- Total investment income - 167,442 53,511 55,622 Expenses: Mortality and expense risk and other charges 252,850 686,444 44,948 119,926 --------------------------------------------------------------------- Total expenses 252,850 686,444 44,948 119,926 --------------------------------------------------------------------- Net investment income (loss) (252,850) (519,002) 8,563 (64,304) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (21,531,563) (22,963,948) (480,416) (4,172,553) Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (21,531,563) (22,963,948) (480,416) (4,172,553) Net unrealized appreciation (depreciation) of investments 13,605,701 1,596,273 (8,111) 797,771 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (8,178,712) $ (21,886,677) $ (479,964) $ (3,439,086) ===================================================================== ALGER AMERICAN ALLIANCE ALLIANCE LEVERAGED GROWTH AND PREMIER ALLCAP INCOME GROWTH --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 620 $ 202,121 $ - --------------------------------------------------- Total investment income 620 202,121 - Expenses: Mortality and expense risk and other charges 110,396 367,630 96,634 --------------------------------------------------- Total expenses 110,396 367,630 96,634 --------------------------------------------------- Net investment income (loss) (109,776) (165,509) (96,634) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (5,523,735) (3,091,091) (2,300,618) Capital gains distributions - 1,038,771 - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (5,523,735) (2,052,320) (2,300,618) Net unrealized appreciation (depreciation) of investments 2,219,572 (5,861,654) (435,725) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (3,413,939) $ (8,079,483) $ (2,832,977) =================================================== BRINSON SERIES FEDERATED TACTICAL CALVERT SOCIAL AMERICAN FEDERATED ALLOCATION BALANCED LEADERS EQUITY INCOME --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 66,628 $ 52,110 $ 783,023 $ 292,633 --------------------------------------------------------------------- Total investment income 66,628 52,110 783,023 292,633 Expenses: Mortality and expense risk and other charges 152,368 23,413 931,162 194,259 --------------------------------------------------------------------- Total expenses 152,368 23,413 931,162 194,259 --------------------------------------------------------------------- Net investment income (loss) (85,740) 28,697 (148,139) 98,374 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (3,543,581) (465,640) (64,392) (606,693) Capital gains distributions - - - - --------------------------------------------------------------------- FEDERATED FUND FOR US FEDERATED GOVERNMENT GROWTH FEDERATED HIGH SECURITIES STRATEGIES INCOME BOND --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 444,456 $ - $ 1,977,547 --------------------------------------------------- Total investment income 444,456 - 1,977,547 Expenses: Mortality and expense risk and other charges 173,838 216,927 265,446 --------------------------------------------------- Total expenses 173,838 216,927 265,446 --------------------------------------------------- Net investment income (loss) 270,618 (216,927) 1,712,101 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments 178,225 (785,326) (4,158,428) Capital gains distributions - - - ---------------------------------------------------
14
BRINSON SERIES FEDERATED TACTICAL CALVERT SOCIAL AMERICAN FEDERATED ALLOCATION BALANCED LEADERS EQUITY INCOME --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (3,543,581) (465,640) (64,392) (606,693) Net unrealized appreciation (depreciation) of investments 283,934 156,806 (16,206,809) (3,030,582) --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (3,345,387) $ (280,137) $ (16,419,340) $ (3,538,901) ===================================================================== FEDERATED FUND FOR US FEDERATED GOVERNMENT GROWTH FEDERATED HIGH SECURITIES STRATEGIES INCOME BOND --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions 178,225 (785,326) (4,158,428) Net unrealized appreciation (depreciation) of investments 443,220 (4,061,042) 2,397,304 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 892,063 $ (5,063,295) $ (49,023) ===================================================
SEE ACCOMPANYING NOTES. 15
FEDERATED INTERNATIONAL FEDERATED FEDERATED EQUITY PRIME MONEY UTILITY --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 110,872 $ 578,444 --------------------------------------------------- Total investment income - 110,872 578,444 Expenses: Mortality and expense risk and other charges 119,497 111,953 137,007 --------------------------------------------------- Total expenses 119,497 111,953 137,007 --------------------------------------------------- Net investment income (loss) (119,497) (1,081) 441,437 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (716,353) - (2,778,666) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (716,353) - (2,778,666) Net unrealized appreciation (depreciation) of investments (1,457,973) - (761,186) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (2,293,823) $ (1,081) $ (3,098,415) =================================================== FTVIP FIDELITY(R) VIP FRANKLIN SMALL INVESTMENT CAP VALUE ING GET FUND GRADE BOND SECURITIES - SERIES D --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 121,052 $ 5,817 $ 4,849,503 --------------------------------------------------- Total investment income 121,052 5,817 4,849,503 Expenses: Mortality and expense risk and other charges 42,060 5,846 1,657,804 --------------------------------------------------- Total expenses 42,060 5,846 1,657,804 --------------------------------------------------- Net investment income (loss) 78,992 (29) 3,191,699 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments 126,348 (281,659) (3,903,504) Capital gains distributions - 40,688 - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions 126,348 (240,971) (3,903,504) Net unrealized appreciation (depreciation) of investments 43,860 1,765 (197,690) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 249,200 $ (239,235) $ (909,495) ===================================================
16
FIDELITY(R) VIP FIDELITY(R) VIP FIDELITY(R) VIP FIDELITY(R) VIP EQUITY-INCOME GROWTH HIGH INCOME OVERSEAS --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 3,015,262 $ 346,250 $ 4,088,481 $ 70,417 --------------------------------------------------------------------- Total investment income 3,015,262 346,250 4,088,481 70,417 Expenses: Mortality and expense risk and other charges 2,236,636 1,653,283 471,021 103,668 --------------------------------------------------------------------- Total expenses 2,236,636 1,653,283 471,021 103,668 --------------------------------------------------------------------- Net investment income (loss) 778,626 (1,307,033) 3,617,460 (33,251) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (17,472,822) (75,974,775) (15,314,996) (4,666,771) Capital gains distributions 4,104,107 - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (13,368,715) (75,974,775) (15,314,996) (4,666,771) Net unrealized appreciation (depreciation) of investments (23,430,907) 27,425,197 12,364,126 2,758,026 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (36,020,996) $ (49,856,611) $ 666,590 $ (1,941,996) ===================================================================== FIDELITY(R) VIP FIDELITY(R) II ASSET VIP II FIDELITY(R) VIP MANAGER(SM) CONTRAFUND(R) II INDEX 500 --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 511,394 $ 1,374,415 $ 1,141,533 --------------------------------------------------- Total investment income 511,394 1,374,415 1,141,533 Expenses: Mortality and expense risk and other charges 169,457 2,063,981 1,120,404 --------------------------------------------------- Total expenses 169,457 2,063,981 1,120,404 --------------------------------------------------- Net investment income (loss) 341,937 (689,566) 21,129 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (2,462,332) (27,675,618) (18,283,780) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (2,462,332) (27,675,618) (18,283,780) Net unrealized appreciation (depreciation) of investments 734,377 10,036,956 (4,035,555) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (1,386,018) $ (18,328,228) $ (22,298,206) =================================================== ING GET FUND ING GET FUND ING GET FUND ING GET FUND - SERIES E - SERIES G - SERIES H - SERIES I --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 11,590,668 $ 6,437,372 $ 4,541,020 $ 3,032,380 --------------------------------------------------------------------- Total investment income 11,590,668 6,437,372 4,541,020 3,032,380 Expenses: Mortality and expense risk and other charges 4,898,811 2,872,854 2,145,806 1,464,041 --------------------------------------------------------------------- Total expenses 4,898,811 2,872,854 2,145,806 1,464,041 --------------------------------------------------------------------- Net investment income (loss) 6,691,857 3,564,518 2,395,214 1,568,339 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (12,383,728) (361,655) (2,376,877) (285,274) Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (12,383,728) (361,655) (2,376,877) (285,274) Net unrealized appreciation (depreciation) of investments 12,265,411 2,001,769 3,657,819 1,679,757 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 6,573,540 $ 5,204,632 $ 3,676,156 $ 2,962,822 ===================================================================== ING GET FUND ING GET FUND ING GET FUND - SERIES J - SERIES K - SERIES L --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 2,556,052 $ 2,272,115 $ 38,481 --------------------------------------------------- Total investment income 2,556,052 2,272,115 38,481 Expenses: Mortality and expense risk and other charges 1,256,435 1,667,708 1,518,985 --------------------------------------------------- Total expenses 1,256,435 1,667,708 1,518,985 --------------------------------------------------- Net investment income (loss) 1,299,617 604,407 (1,480,504) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (1,217,195) (1,166,744) (2,039,616) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (1,217,195) (1,166,744) (2,039,616) Net unrealized appreciation (depreciation) of investments 2,934,305 3,623,216 3,999,896 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 3,016,727 $ 3,060,879 $ 479,776 ===================================================
SEE ACCOMPANYING NOTES. 17
ING GET FUND ING GET FUND ING GET FUND - SERIES M - SERIES N - SERIES P --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 41,036 $ 16,602 $ 32,612 --------------------------------------------------- Total investment income 41,036 16,602 32,612 Expenses: Mortality and expense risk and other charges 2,373,549 1,884,690 1,601,653 --------------------------------------------------- Total expenses 2,373,549 1,884,690 1,601,653 --------------------------------------------------- Net investment income (loss) (2,332,513) (1,868,088) (1,569,041) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (3,482,609) 1,203,432 (439,883) Capital gains distributions - 1,249,744 26,248 --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (3,482,609) 2,453,176 (413,635) Net unrealized appreciation (depreciation) of investments 7,557,322 (2,953,390) 1,306,756 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 1,742,200 $ (2,368,302) $ (675,920) =================================================== ING VP ING VP EMERGING ING VP MONEY NATURAL MARKETS MARKET RESOURCES --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 10,706,663 $ 3,316 --------------------------------------------------- Total investment income - 10,706,663 3,316 Expenses: Mortality and expense risk and other charges 11,406 3,368,994 22,483 --------------------------------------------------- Total expenses 11,406 3,368,994 22,483 --------------------------------------------------- Net investment income (loss) (11,406) 7,337,669 (19,167) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (281,423) (5,982,099) 18,761 Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (281,423) (5,982,099) 18,761 Net unrealized appreciation (depreciation) of investments 220,172 (371,722) (80,642) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (72,657) $ 983,848 $ (81,048) ===================================================
18
ING GET FUND ING GET FUND ING GET FUND ING GET FUND - SERIES Q - SERIES R - SERIES S - SERIES T --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 1,076,043 $ 623,634 $ 341,597 $ 4,295 --------------------------------------------------------------------- Total investment income 1,076,043 623,634 341,597 4,295 Expenses: Mortality and expense risk and other charges 899,725 475,819 336,831 54,990 --------------------------------------------------------------------- Total expenses 899,725 475,819 336,831 54,990 --------------------------------------------------------------------- Net investment income (loss) 176,318 147,815 4,766 (50,695) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (238,981) (4,010) (5,368) 1,926 Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (238,981) (4,010) (5,368) 1,926 Net unrealized appreciation (depreciation) of investments 324,608 347,843 263,923 386,450 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 261,945 $ 491,648 $ 263,321 $ 337,681 ===================================================================== ING GET FUND ING VP - SERIES U BALANCED ING VP BOND --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 1,817,690 $ 5,023,710 --------------------------------------------------- Total investment income - 1,817,690 5,023,710 Expenses: Mortality and expense risk and other charges 285 2,014,873 1,794,046 --------------------------------------------------- Total expenses 285 2,014,873 1,794,046 --------------------------------------------------- Net investment income (loss) (285) (197,183) 3,229,664 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments 3 (31,426,581) 3,601,145 Capital gains distributions - - 699,805 --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions 3 (31,426,581) 4,300,950 Net unrealized appreciation (depreciation) of investments 171 10,085,344 2,690,919 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (111) $ (21,538,420) $ 10,221,533 =================================================== ING VP ING VP ING VP STRATEGIC STRATEGIC STRATEGIC ING ALGER ALLOCATION ALLOCATION ALLOCATION AGGRESSIVE BALANCED GROWTH INCOME GROWTH --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 396,251 $ 219,880 $ 721,832 $ - --------------------------------------------------------------------- Total investment income 396,251 219,880 721,832 - Expenses: Mortality and expense risk and other charges 202,267 160,701 291,218 107 --------------------------------------------------------------------- Total expenses 202,267 160,701 291,218 107 --------------------------------------------------------------------- Net investment income (loss) 193,984 59,179 430,614 (107) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (1,295,397) (1,733,172) (810,159) 2 Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (1,295,397) (1,733,172) (810,159) 2 Net unrealized appreciation (depreciation) of investments (696,127) (367,779) (898,794) (11,590) --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (1,797,540) $ (2,041,772) $ (1,278,339) $ (11,695) ===================================================================== ING AMERICAN ING BARON ING ALGER CENTURY SMALL SMALL CAP GROWTH CAP VALUE GROWTH --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 32 $ - --------------------------------------------------- Total investment income - 32 - Expenses: Mortality and expense risk and other charges 19 499 588 --------------------------------------------------- Total expenses 19 499 588 --------------------------------------------------- Net investment income (loss) (19) (467) (588) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (4) (4,695) 5,232 Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (4) (4,695) 5,232 Net unrealized appreciation (depreciation) of investments (929) 6,863 327 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (952) $ 1,701 $ 4,971 ===================================================
SEE ACCOMPANYING NOTES. 19 20
ING GOLDMAN ING JPMORGAN SACHS(R) CAPITAL FLEMING ING JPMORGAN GROWTH INTERNATIONAL MID CAP VALUE --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ 169,596 $ 136 --------------------------------------------------- Total investment income - 169,596 136 Expenses: Mortality and expense risk and other charges 24 323,589 130 --------------------------------------------------- Total expenses 24 323,589 130 --------------------------------------------------- Net investment income (loss) (24) (153,993) 6 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments 1 (3,362,234) (9) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions 1 (3,362,234) (9) Net unrealized appreciation (depreciation) of investments (548) (590,934) (2,299) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (571) $ (4,107,161) $ (2,302) =================================================== ING SALOMON ING T. ROWE ING UBS BROTHERS PRICE GROWTH TACTICAL ASSET INVESTORS VALUE EQUITY ALLOCATION --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 2 $ 137,970 $ - --------------------------------------------------- Total investment income 2 137,970 - Expenses: Mortality and expense risk and other charges 51 972,473 - --------------------------------------------------- Total expenses 51 972,473 - --------------------------------------------------- Net investment income (loss) (49) (834,503) - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (11) (31,652,050) - Capital gains distributions 7 - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (4) (31,652,050) - Net unrealized appreciation (depreciation) of investments (1,647) 11,325,203 (12) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (1,700) $ (21,161,350) $ (12) ===================================================
21
ING MFS CAPITAL ING MFS ING MFS ING OPCAP OPPORTUNITIES GLOBAL GROWTH RESEARCH BALANCED VALUE --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ - $ 107,573 $ 2 --------------------------------------------------------------------- Total investment income - - 107,573 2 Expenses: Mortality and expense risk and other charges 592,876 2 707,793 26 --------------------------------------------------------------------- Total expenses 592,876 2 707,793 26 --------------------------------------------------------------------- Net investment income (loss) (592,876) (2) (600,220) (24) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (41,812,683) (28) (43,750,229) - Capital gains distributions - - - 88 --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (41,812,683) (28) (43,750,229) 88 Net unrealized appreciation (depreciation) of investments 23,516,791 (17) 27,569,249 272 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (18,888,768) $ (47) $ (16,781,200) $ 336 ===================================================================== ING SALOMON BROTHERS ING SALOMON ING PIMCO AGGRESSIVE BROTHERS TOTAL RETURN GROWTH CAPITAL --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 18,115 $ - $ - --------------------------------------------------- Total investment income 18,115 - - Expenses: Mortality and expense risk and other charges 4,387 848,784 - --------------------------------------------------- Total expenses 4,387 848,784 - --------------------------------------------------- Net investment income (loss) 13,728 (848,784) - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments 4,402 (25,188,977) - Capital gains distributions 13,350 - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions 17,752 (25,188,977) - Net unrealized appreciation (depreciation) of investments 18,387 (4,736,656) 34 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 49,867 $ (30,774,417) $ 34 =================================================== ING VAN ING VP KAMPEN GROWTH AND ING VP ING VP INDEX COMSTOCK INCOME GROWTH PLUS LARGECAP --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 1,411 $ 4,537,816 $ - $ 446,833 --------------------------------------------------------------------- Total investment income 1,411 4,537,816 - 446,833 Expenses: Mortality and expense risk and other charges 860 5,889,748 472,716 2,284,906 --------------------------------------------------------------------- Total expenses 860 5,889,748 472,716 2,284,906 --------------------------------------------------------------------- Net investment income (loss) 551 (1,351,932) (472,716) (1,838,073) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (132) (193,418,765) (8,444,150) (58,481,089) Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (132) (193,418,765) (8,444,150) (58,481,089) Net unrealized appreciation (depreciation) of investments (11,139) 35,220,058 (5,648,119) 11,268,433 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (10,720) $ (159,550,639) $ (14,564,985) $ (49,050,729) ===================================================================== ING VP ING VP INDEX ING VP INDEX INTERNATIONAL PLUS MIDCAP PLUS SMALLCAP EQUITY --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 52,909 $ 6,485 $ 14,840 --------------------------------------------------- Total investment income 52,909 6,485 14,840 Expenses: Mortality and expense risk and other charges 106,832 36,617 79,248 --------------------------------------------------- Total expenses 106,832 36,617 79,248 --------------------------------------------------- Net investment income (loss) (53,923) (30,132) (64,408) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (760,138) (127,680) (1,577,469) Capital gains distributions - 52,453 - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (760,138) (75,227) (1,577,469) Net unrealized appreciation (depreciation) of investments (1,413,335) (732,353) (299,583) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (2,227,396) $ (837,712) $ (1,941,460) ===================================================
SEE ACCOMPANYING NOTES. 22
ING VP SMALL ING VP ING VP VALUE COMPANY TECHNOLOGY OPPORTUNITY --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 301,043 $ - $ 95,253 --------------------------------------------------- Total investment income 301,043 - 95,253 Expenses: Mortality and expense risk and other charges 769,899 108,774 279,553 --------------------------------------------------- Total expenses 769,899 108,774 279,553 --------------------------------------------------- Net investment income (loss) (468,856) (108,774) (184,300) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (3,580,613) (3,681,243) (4,332,295) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (3,580,613) (3,681,243) (4,332,295) Net unrealized appreciation (depreciation) of investments (14,440,776) (1,844,374) (2,719,443) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (18,490,245) $ (5,634,391) $ (7,236,038) =================================================== ING VP ING VP SMALLCAP SMALLCAP JANUS ASPEN OPPORTUNITIES - OPPORTUNITIES - AGGRESSIVE CLASS R CLASS S GROWTH --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ - $ - --------------------------------------------------- Total investment income - - - Expenses: Mortality and expense risk and other charges 130 20,930 1,204,437 --------------------------------------------------- Total expenses 130 20,930 1,204,437 --------------------------------------------------- Net investment income (loss) (130) (20,930) (1,204,437) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (9,641) (338,439) (110,103,453) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (9,641) (338,439) (110,103,453) Net unrealized appreciation (depreciation) of investments (3,578) (622,428) 73,321,455 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (13,349) $ (981,797) $ (37,986,435) ===================================================
23
ING VP ING VP GROWTH GROWTH ING VP ING VP OPPORTUNITIES - OPPORTUNITIES - INTERNATIONAL MAGNACAP - CLASS R CLASS S VALUE CLASS R --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ - $ - $ 1,825 $ 231 --------------------------------------------------------------------- Total investment income - - 1,825 231 Expenses: Mortality and expense risk and other charges 282 1,717 1,556 103 --------------------------------------------------------------------- Total expenses 282 1,717 1,556 103 --------------------------------------------------------------------- Net investment income (loss) (282) (1,717) 269 128 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments 1,805 (27,626) (18,718) (20) Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions 1,805 (27,626) (18,718) (20) Net unrealized appreciation (depreciation) of investments (19,103) (29,240) (30,118) (5,689) --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (17,580) $ (58,583) $ (48,567) $ (5,581) ===================================================================== ING VP ING VP ING VP MIDCAP MIDCAP MAGNACAP - OPPORTUNITIES - OPPORTUNITIES - CLASS S CLASS R CLASS S --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 4,366 $ - $ - --------------------------------------------------- Total investment income 4,366 - - Expenses: Mortality and expense risk and other charges 5,123 15 22,826 --------------------------------------------------- Total expenses 5,123 15 22,826 --------------------------------------------------- Net investment income (loss) (757) (15) (22,826) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (9,688) (200) (97,225) Capital gains distributions - - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (9,688) (200) (97,225) Net unrealized appreciation (depreciation) of investments (121,268) (805) (459,418) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (131,713) $ (1,020) $ (579,469) =================================================== JANUS ASPEN JANUS ASPEN JANUS ASPEN JANUS ASPEN WORLDWIDE BALANCED FLEXIBLE INCOME GROWTH GROWTH --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 5,282,647 $ 1,165,302 $ - $ 2,232,135 --------------------------------------------------------------------- Total investment income 5,282,647 1,165,302 - 2,232,135 Expenses: Mortality and expense risk and other charges 2,746,947 308,883 1,668,494 3,244,833 --------------------------------------------------------------------- Total expenses 2,746,947 308,883 1,668,494 3,244,833 --------------------------------------------------------------------- Net investment income (loss) 2,535,700 856,419 (1,668,494) (1,012,698) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (19,145,911) 761,446 (88,052,075) (139,153,473) Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (19,145,911) 761,446 (88,052,075) (139,153,473) Net unrealized appreciation (depreciation) of investments (1,489,908) 571,088 45,741,303 58,703,035 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (18,100,119) $ 2,188,953 $ (43,979,266) $ (81,463,136) ===================================================================== LORD ABBETT MFS(R) GLOBAL GROWTH AND LORD ABBETT GOVERNMENTS INCOME MID-CAP VALUE SERIES --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 2,196 $ 2,458 $ 64,883 --------------------------------------------------- Total investment income 2,196 2,458 64,883 Expenses: Mortality and expense risk and other charges 1,166 1,609 28,883 --------------------------------------------------- Total expenses 1,166 1,609 28,883 --------------------------------------------------- Net investment income (loss) 1,030 849 36,000 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (101) (21,787) 31,230 Capital gains distributions 49 - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (52) (21,787) 31,230 Net unrealized appreciation (depreciation) of investments (19,377) (25,338) 84,246 --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (18,399) $ (46,276) $ 151,476 ===================================================
SEE ACCOMPANYING NOTES. 24
OPPENHEIMER OPPENHEIMER MFS(R) TOTAL AGGRESSIVE GLOBAL RETURN GROWTH SECURITIES --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 1,615,499 $ 216,818 $ 90,455 --------------------------------------------------- Total investment income 1,615,499 216,818 90,455 Expenses: Mortality and expense risk and other charges 1,260,416 405,709 214,774 --------------------------------------------------- Total expenses 1,260,416 405,709 214,774 --------------------------------------------------- Net investment income (loss) 355,083 (188,891) (124,319) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments 2,335,973 (5,968,060) (3,498,317) Capital gains distributions 1,280,830 - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions 3,616,803 (5,968,060) (3,498,317) Net unrealized appreciation (depreciation) of investments (10,681,462) (5,031,083) (1,163,987) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (6,709,576) $ (11,188,034) $ (4,786,623) ===================================================
25
OPPENHEIMER MAIN STREET GROWTH & OPPENHEIMER PIONEER EQUITY PIONEER INCOME STRATEGIC BOND INCOME VCT VCT --------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 438,945 $ 2,233,631 $ 2,134 $ - --------------------------------------------------------------------- Total investment income 438,945 2,233,631 2,134 - Expenses: Mortality and expense risk and other charges 766,599 387,948 689 - --------------------------------------------------------------------- Total expenses 766,599 387,948 689 - --------------------------------------------------------------------- Net investment income (loss) (327,654) 1,845,683 1,445 - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (11,300,002) (1,631,959) (909) - Capital gains distributions - - - - --------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (11,300,002) (1,631,959) (909) - Net unrealized appreciation (depreciation) of investments (1,390,151) 1,589,777 (5,978) 1 --------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (13,017,807) $ 1,803,501 $ (5,442) $ 1 ===================================================================== SP JENNISON PIONEER MID PRUDENTIAL INTERNATIONAL CAP VALUE VCT JENNISON GROWTH --------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends $ 112 $ - $ - --------------------------------------------------- Total investment income 112 - - Expenses: Mortality and expense risk and other charges 239 8,938 2,814 --------------------------------------------------- Total expenses 239 8,938 2,814 --------------------------------------------------- Net investment income (loss) (127) (8,938) (2,814) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments (10,015) (252,055) (44,193) Capital gains distributions 990 - - --------------------------------------------------- Total realized gain (loss) on investments and capital gains distributions (9,025) (252,055) (44,193) Net unrealized appreciation (depreciation) of investments 50 (50,168) (7,265) --------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (9,102) $ (311,161) $ (54,272) ===================================================
SEE ACCOMPANYING NOTES. 26 ING Life Insurance and Annuity Company Variable Annuity Account B Statements of Changes in Net Assets For the years ended December 31, 2002 and 2001
AIM V.I. AIM V.I. CAPITAL AIM V.I. CORE GOVERNMENT APPRECIATION EQUITY SECURITIES --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 25,987,131 $ 49,823,138 $ 294,912 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 1,607,214 (540,544) 198,905 Net realized gain (loss) on investments and capital gains distributions (3,943,522) (2,905,719) 94,842 Net unrealized appreciation (depreciation) of investments (4,771,612) (9,765,396) (124,108) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (7,107,920) (13,211,659) 169,639 Changes from principal transactions: Total unit transactions 4,629,631 6,246,089 8,684,291 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions 4,629,631 6,246,089 8,684,291 --------------------------------------------------- Total increase (decrease) (2,478,289) (6,965,570) 8,853,930 --------------------------------------------------- Net assets at December 31, 2001 23,508,842 42,857,568 9,148,842 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (234,121) (336,923) 257,469 Net realized gain (loss) on investments and capital gains distributions (11,841,069) (19,166,365) 274,461 Net unrealized appreciation (depreciation) of investments 6,412,975 12,696,921 710,014 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (5,662,215) (6,806,367) 1,241,944 Changes from principal transactions: Total unit transactions (3,014,648) (6,110,961) 15,606,439 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (3,014,648) (6,110,961) 15,606,439 --------------------------------------------------- Total increase (decrease) (8,676,863) (12,917,328) 16,848,383 --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 14,831,979 $ 29,940,240 $ 25,997,225 ===================================================
27
ALGER AMERICAN AIM V.I. AIM V.I. ALGER AMERICAN INCOME & GROWTH PREMIER EQUITY BALANCED GROWTH --------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 37,256,929 $ 73,349,994 $ 4,887,859 $ 16,586,009 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (305,064) 676,926 74,716 790,430 Net realized gain (loss) on investments and capital gains distributions (3,920,194) (4,177,377) (59,596) (662,398) Net unrealized appreciation (depreciation) of investments (9,793,918) (7,849,544) (161,916) (2,624,832) --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (14,019,176) (11,349,995) (146,796) (2,496,800) Changes from principal transactions: Total unit transactions 4,519,235 12,007,731 (975,636) (2,809,855) --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions 4,519,235 12,007,731 (975,636) (2,809,855) --------------------------------------------------------------------- Total increase (decrease) (9,499,941) 657,736 (1,122,432) (5,306,655) --------------------------------------------------------------------- Net assets at December 31, 2001 27,756,988 74,007,730 3,765,427 11,279,354 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (252,850) (519,002) 8,563 (64,304) Net realized gain (loss) on investments and capital gains distributions (21,531,563) (22,963,948) (480,416) (4,172,553) Net unrealized appreciation (depreciation) of investments 13,605,701 1,596,273 (8,111) 797,771 --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (8,178,712) (21,886,677) (479,964) (3,439,086) Changes from principal transactions: Total unit transactions (4,632,586) (10,794,461) (709,084) (1,673,441) --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions (4,632,586) (10,794,461) (709,084) (1,673,441) --------------------------------------------------------------------- Total increase (decrease) (12,811,298) (32,681,138) (1,189,048) (5,112,527) --------------------------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 14,945,690 $ 41,326,592 $ 2,576,379 $ 6,166,827 ===================================================================== ALGER AMERICAN ALLIANCE ALLIANCE LEVERAGED GROWTH AND PREMIER ALLCAP INCOME GROWTH --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 15,562,934 $ 897,717 $ 2,687,461 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 259,039 487,785 266,205 Net realized gain (loss) on investments and capital gains distributions (1,130,076) (54,847) (227,098) Net unrealized appreciation (depreciation) of investments (1,724,700) (1,330,699) (1,211,231) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (2,595,737) (897,761) (1,172,124) Changes from principal transactions: Total unit transactions (2,543,425) 28,176,820 7,016,678 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (2,543,425) 28,176,820 7,016,678 --------------------------------------------------- Total increase (decrease) (5,139,162) 27,279,059 5,844,554 --------------------------------------------------- Net assets at December 31, 2001 10,423,772 28,176,776 8,532,015 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (109,776) (165,509) (96,634) Net realized gain (loss) on investments and capital gains distributions (5,523,735) (2,052,320) (2,300,618) Net unrealized appreciation (depreciation) of investments 2,219,572 (5,861,654) (435,725) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (3,413,939) (8,079,483) (2,832,977) Changes from principal transactions: Total unit transactions (1,286,122) 2,071,208 139,220 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (1,286,122) 2,071,208 139,220 --------------------------------------------------- Total increase (decrease) (4,700,061) (6,008,275) (2,693,757) --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 5,723,711 $ 22,168,501 $ 5,838,258 ===================================================
SEE ACCOMPANYING NOTES. 28
AMERICAN AMERICAN ALLIANCE CENTURY(R) VP CENTURY(R) VP QUASAR BALANCED INTERNATIONAL --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 82,470 $ 2,684,483 $ 4,904,674 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 11,233 115,422 341,217 Net realized gain (loss) on investments and capital gains distributions (51,042) (55,447) (296,586) Net unrealized appreciation (depreciation) of investments 55,774 (186,838) (1,441,450) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations 15,965 (126,863) (1,396,819) Changes from principal transactions: Total unit transactions 811,867 (514,673) (748,774) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions 811,867 (514,673) (748,774) --------------------------------------------------- Total increase (decrease) 827,832 (641,536) (2,145,593) --------------------------------------------------- Net assets at December 31, 2001 910,302 2,042,947 2,759,081 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (11,757) 25,297 (12,211) Net realized gain (loss) on investments and capital gains distributions (52,585) (331,096) (1,559,008) Net unrealized appreciation (depreciation) of investments (320,915) 88,916 1,039,420 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (385,257) (216,883) (531,799) Changes from principal transactions: Total unit transactions 158,551 (343,024) (688,409) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions 158,551 (343,024) (688,409) --------------------------------------------------- Total increase (decrease) (226,706) (559,907) (1,220,208) --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 683,596 $ 1,483,040 $ 1,538,873 ===================================================
29
BRINSON SERIES BRINSON SERIES GROWTH & BRINSON SERIES TACTICAL CALVERT SOCIAL INCOME SMALL CAP ALLOCATION BALANCED --------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 950,238 $ 208,747 $ 12,509,283 $ 2,513,732 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 226,054 (1,968) 885,330 83,359 Net realized gain (loss) on investments and capital gains distributions (231,524) (60,691) (450,606) (76,083) Net unrealized appreciation (depreciation) of investments (30,611) 31,643 (2,603,918) (191,904) --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (36,081) (31,016) (2,169,194) (184,628) Changes from principal transactions: Total unit transactions (914,157) (177,731) 3,994,345 (369,758) --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions (914,157) (177,731) 3,994,345 (369,758) --------------------------------------------------------------------- Total increase (decrease) (950,238) (208,747) 1,825,151 (554,386) --------------------------------------------------------------------- Net assets at December 31, 2001 - - 14,334,434 1,959,346 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - - (85,740) 28,697 Net realized gain (loss) on investments and capital gains distributions - - (3,543,581) (465,640) Net unrealized appreciation (depreciation) of investments - - 283,934 156,806 --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations - - (3,345,387) (280,137) Changes from principal transactions: Total unit transactions - - (1,264,476) 96,175 --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions - - (1,264,476) 96,175 --------------------------------------------------------------------- Total increase (decrease) - - (4,609,863) (183,962) --------------------------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ - $ - $ 9,724,571 $ 1,775,384 ===================================================================== FEDERATED FUND FEDERATED FOR US AMERICAN FEDERATED GOVERNMENT LEADERS EQUITY INCOME SECURITIES --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 102,586,049 $ 24,264,247 $ 11,133,403 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 624,010 127,895 284,376 Net realized gain (loss) on investments and capital gains distributions 4,010,157 248,468 128,207 Net unrealized appreciation (depreciation) of investments (10,151,128) (3,322,426) 191,136 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (5,516,961) (2,946,063) 603,719 Changes from principal transactions: Total unit transactions (13,876,471) (3,842,680) (35,167) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (13,876,471) (3,842,680) (35,167) --------------------------------------------------- Total increase (decrease) (19,393,432) (6,788,743) 568,552 --------------------------------------------------- Net assets at December 31, 2001 83,192,617 17,475,504 11,701,955 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (148,139) 98,374 270,618 Net realized gain (loss) on investments and capital gains distributions (64,392) (606,693) 178,225 Net unrealized appreciation (depreciation) of investments (16,206,809) (3,030,582) 443,220 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (16,419,340) (3,538,901) 892,063 Changes from principal transactions: Total unit transactions (16,234,348) (3,672,738) 80,140 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (16,234,348) (3,672,738) 80,140 --------------------------------------------------- Total increase (decrease) (32,653,688) (7,211,639) 972,203 --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 50,538,929 $ 10,263,865 $ 12,674,158 ===================================================
SEE ACCOMPANYING NOTES. 30
FEDERATED FEDERATED GROWTH FEDERATED HIGH INTERNATIONAL STRATEGIES INCOME BOND EQUITY --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 33,809,187 $ 26,446,176 $ 20,057,326 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 101,731 2,265,323 1,804,980 Net realized gain (loss) on investments and capital gains distributions 1,439,089 (2,047,225) 598,776 Net unrealized appreciation (depreciation) of investments (9,464,697) (107,530) (7,961,481) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (7,923,877) 110,568 (5,557,725) Changes from principal transactions: Total unit transactions (4,910,965) (5,657,520) (3,523,772) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (4,910,965) (5,657,520) (3,523,772) --------------------------------------------------- Total increase (decrease) (12,834,842) (5,546,952) (9,081,497) --------------------------------------------------- Net assets at December 31, 2001 20,974,345 20,899,224 10,975,829 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (216,927) 1,712,101 (119,497) Net realized gain (loss) on investments and capital gains distributions (785,326) (4,158,428) (716,353) Net unrealized appreciation (depreciation) of investments (4,061,042) 2,397,304 (1,457,973) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (5,063,295) (49,023) (2,293,823) Changes from principal transactions: Total unit transactions (5,495,703) (4,166,949) (2,658,263) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (5,495,703) (4,166,949) (2,658,263) --------------------------------------------------- Total increase (decrease) (10,558,998) (4,215,972) (4,952,086) --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 10,415,347 $ 16,683,252 $ 6,023,743 ===================================================
31
FEDERATED FEDERATED FIDELITY(R) VIP FIDELITY(R) VIP PRIME MONEY UTILITY EQUITY-INCOME GROWTH --------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 8,703,425 $ 19,350,590 $ 188,024,984 $ 209,609,983 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 183,680 352,094 754,873 4,618,214 Net realized gain (loss) on investments and capital gains distributions - (29,007) (445,915) (7,202,886) Net unrealized appreciation (depreciation) of investments - (2,878,438) (1,302,300) (26,336,426) --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 183,680 (2,555,351) (993,342) (28,921,098) Changes from principal transactions: Total unit transactions (75,384) (3,565,172) 5,987,428 (13,370,131) --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions (75,384) (3,565,172) 5,987,428 (13,370,131) --------------------------------------------------------------------- Total increase (decrease) 108,296 (6,120,523) 4,994,086 (42,291,229) --------------------------------------------------------------------- Net assets at December 31, 2001 8,811,721 13,230,067 193,019,070 167,318,754 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (1,081) 441,437 778,626 (1,307,033) Net realized gain (loss) on investments and capital gains distributions - (2,778,666) (13,368,715) (75,974,775) Net unrealized appreciation (depreciation) of investments - (761,186) (23,430,907) 27,425,197 --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (1,081) (3,098,415) (36,020,996) (49,856,611) Changes from principal transactions: Total unit transactions (1,424,140) (3,110,909) (10,577,601) (19,282,617) --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions (1,424,140) (3,110,909) (10,577,601) (19,282,617) --------------------------------------------------------------------- Total increase (decrease) (1,425,221) (6,209,324) (46,598,597) (69,139,228) --------------------------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 7,386,500 $ 7,020,743 $ 146,420,473 $ 98,179,526 ===================================================================== FIDELITY(R) VIP FIDELITY(R) VIP FIDELITY(R) VIP II ASSET HIGH INCOME OVERSEAS MANAGER(SM) --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 45,511,833 $ 14,451,215 $ 17,820,958 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 9,457,584 11,399,803 5,249,880 Net realized gain (loss) on investments and capital gains distributions (2,705,353) (9,878,682) (5,287,995) Net unrealized appreciation (depreciation) of investments (19,142,344) (41,561,108) (5,871,216) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (12,390,113) (40,039,987) (5,909,331) Changes from principal transactions: Total unit transactions 6,263,146 35,503,221 2,182,805 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions 6,263,146 35,503,221 2,182,805 --------------------------------------------------- Total increase (decrease) (6,126,967) (4,536,766) (3,726,526) --------------------------------------------------- Net assets at December 31, 2001 39,384,866 9,914,449 14,094,432 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 3,617,460 (33,251) 341,937 Net realized gain (loss) on investments and capital gains distributions (15,314,996) (4,666,771) (2,462,332) Net unrealized appreciation (depreciation) of investments 12,364,126 2,758,026 734,377 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations 666,590 (1,941,996) (1,386,018) Changes from principal transactions: Total unit transactions (3,595,013) (1,355,678) (1,622,399) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (3,595,013) (1,355,678) (1,622,399) --------------------------------------------------- Total increase (decrease) (2,928,423) (3,297,674) (3,008,417) --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 36,456,443 $ 6,616,775 $ 11,086,015 ===================================================
SEE ACCOMPANYING NOTES. 32 33
FIDELITY(R) VIP FIDELITY(R) VIP II FIDELITY(R) VIP II INVESTMENT CONTRAFUND(R) II INDEX 500 GRADE BOND ------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001 $ 216,963,354 $ 133,049,029 $ 3,699,966 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (156,534) 151,447 1,556,493 Net realized gain (loss) on investments and capital gains distributions (10,037,529) 28,433 (1,058,361) Net unrealized appreciation (depreciation) of investments (6,940,504) 53,028 (3,573,305) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (17,134,567) 232,908 (3,075,173) Changes from principal transactions: Total unit transactions (25,829,941) (32,499,293) 2,458,909 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions (25,829,941) (32,499,293) 2,458,909 ----------------------------------------------------- Total increase (decrease) (42,964,508) (32,266,385) (616,264) ----------------------------------------------------- Net assets at December 31, 2001 173,998,846 100,782,644 3,083,702 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (689,566) 21,129 78,992 Net realized gain (loss) on investments and capital gains distributions (27,675,618) (18,283,780) 126,348 Net unrealized appreciation (depreciation) of investments 10,036,956 (4,035,555) 43,860 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (18,328,228) (22,298,206) 249,200 Changes from principal transactions: Total unit transactions (10,099,539) (14,294,040) (442,602) ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions (10,099,539) (14,294,040) (442,602) ----------------------------------------------------- Total increase (decrease) (28,427,767) (36,592,246) (193,402) ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 145,571,079 $ 64,190,398 $ 2,890,300 =====================================================
34
FRANKLIN SMALL CAP VALUE ING GET FUND ING GET FUND ING GET FUND SECURITIES - SERIES C - SERIES D - SERIES E --------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ 5,898,705 $ 129,775,588 $ 333,832,965 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - 293,859 (22,012) (2,832,358) Net realized gain (loss) on investments and capital gains distributions - (2,549,105) (420,664) (2,038,326) Net unrealized appreciation (depreciation) of investments - 1,291,730 1,095,968 1,793,609 --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations - (963,516) 653,292 (3,077,075) Changes from principal transactions: Total unit transactions - (4,935,189) (10,485,646) (30,372,937) --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions - (4,935,189) (10,485,646) (30,372,937) --------------------------------------------------------------------- Total increase (decrease) - (5,898,705) (9,832,354) (33,450,012) --------------------------------------------------------------------- Net assets at December 31, 2001 - - 119,943,234 300,382,953 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (29) - 3,191,699 6,691,857 Net realized gain (loss) on investments and capital gains distributions (240,971) - (3,903,504) (12,383,728) Net unrealized appreciation (depreciation) of investments 1,765 - (197,690) 12,265,411 --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (239,235) - (909,495) 6,573,540 Changes from principal transactions: Total unit transactions 604,037 - (15,336,007) (30,559,697) --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions 604,037 - (15,336,007) (30,559,697) --------------------------------------------------------------------- Total increase (decrease) 364,802 - (16,245,502) (23,986,157) --------------------------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 364,802 $ - $ 103,697,732 $ 276,396,796 ===================================================================== ING GET FUND ING GET FUND ING GET FUND - SERIES G - SERIES H - SERIES I --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 186,444,632 $ 141,763,690 $ 92,928,925 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (2,345,173) (1,652,269) (1,309,240) Net realized gain (loss) on investments and capital gains distributions (434,775) (369,766) (219,903) Net unrealized appreciation (depreciation) of investments 2,133,011 564,872 987,709 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (646,937) (1,457,163) (541,434) Changes from principal transactions: Total unit transactions (14,428,668) (8,620,592) (4,985,289) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (14,428,668) (8,620,592) (4,985,289) --------------------------------------------------- Total increase (decrease) (15,075,605) (10,077,755) (5,526,723) --------------------------------------------------- Net assets at December 31, 2001 171,369,027 131,685,935 87,402,202 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 3,564,518 2,395,214 1,568,339 Net realized gain (loss) on investments and capital gains distributions (361,655) (2,376,877) (285,274) Net unrealized appreciation (depreciation) of investments 2,001,769 3,657,819 1,679,757 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations 5,204,632 3,676,156 2,962,822 Changes from principal transactions: Total unit transactions (12,696,957) (13,759,042) (6,286,322) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (12,696,957) (13,759,042) (6,286,322) --------------------------------------------------- Total increase (decrease) (7,492,325) (10,082,886) (3,323,500) --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 163,876,702 $ 121,603,049 $ 84,078,702 ===================================================
SEE ACCOMPANYING NOTES. 35 36
ING GET FUND ING GET FUND ING GET FUND - SERIES J - SERIES K - SERIES L --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 79,871,616 $ 93,789,821 $ 584,846 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (1,178,440) (1,749,150) 549,879 Net realized gain (loss) on investments and capital gains distributions (283,781) (112,344) 127,113 Net unrealized appreciation (depreciation) of investments 1,098,645 (668,196) (1,992,805) --------------------------------------------------- Net increase (decrease) in net assets resulting from operations (363,576) (2,529,690) (1,315,813) Changes from principal transactions: Total unit transactions (4,706,710) (2,701,829) 81,075,629 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (4,706,710) (2,701,829) 81,075,629 --------------------------------------------------- Total increase (decrease) (5,070,286) (5,231,519) 79,759,816 --------------------------------------------------- Net assets at December 31, 2001 74,801,330 88,558,302 80,344,662 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 1,299,617 604,407 (1,480,504) Net realized gain (loss) on investments and capital gains distributions (1,217,195) (1,166,744) (2,039,616) Net unrealized appreciation (depreciation) of investments 2,934,305 3,623,216 3,999,896 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations 3,016,727 3,060,879 479,776 Changes from principal transactions: Total unit transactions (5,973,812) (10,359,119) (5,569,892) --------------------------------------------------- Increase (decrease) in assets derived from principal transactions (5,973,812) (10,359,119) (5,569,892) --------------------------------------------------- Total increase (decrease) (2,957,085) (7,298,240) (5,090,116) --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 71,844,245 $ 81,260,062 $ 75,254,546 ===================================================
37
ING GET FUND ING GET FUND ING GET FUND ING GET FUND - SERIES M - SERIES N - SERIES P - SERIES Q --------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ - $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 645,422 109,984 (66,562) (1,059) Net realized gain (loss) on investments and capital gains distributions (51,667) 210,767 300 163 Net unrealized appreciation (depreciation) of investments (3,590,542) 2,203,779 192,563 757 --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (2,996,787) 2,524,530 126,301 (139) Changes from principal transactions: Total unit transactions 126,161,862 102,081,211 82,886,000 1,620,487 --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions 126,161,862 102,081,211 82,886,000 1,620,487 --------------------------------------------------------------------- Total increase (decrease) 123,165,075 104,605,741 83,012,301 1,620,348 --------------------------------------------------------------------- Net assets at December 31, 2001 123,165,075 104,605,741 83,012,301 1,620,348 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (2,332,513) (1,868,088) (1,569,041) 176,318 Net realized gain (loss) on investments and capital gains distributions (3,482,609) 2,453,176 (413,635) (238,981) Net unrealized appreciation (depreciation) of investments 7,557,322 (2,953,390) 1,306,756 324,608 --------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations 1,742,200 (2,368,302) (675,920) 261,945 Changes from principal transactions: Total unit transactions (9,526,167) (12,094,137) (6,002,646) 52,943,266 --------------------------------------------------------------------- Increase (decrease) in assets derived from principal transactions (9,526,167) (12,094,137) (6,002,646) 52,943,266 --------------------------------------------------------------------- Total increase (decrease) (7,783,967) (14,462,439) (6,678,566) 53,205,211 --------------------------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 115,381,108 $ 90,143,302 $ 76,333,735 $ 54,825,559 ===================================================================== ING GET FUND ING GET FUND ING GET FUND - SERIES R - SERIES S - SERIES T --------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - - - Net realized gain (loss) on investments and capital gains distributions - - - Net unrealized appreciation (depreciation) of investments - - - --------------------------------------------------- Net increase (decrease) in net assets resulting from operations - - - Changes from principal transactions: Total unit transactions - - - --------------------------------------------------- Increase (decrease) in assets derived from principal transactions - - - --------------------------------------------------- Total increase (decrease) - - - --------------------------------------------------- Net assets at December 31, 2001 - - - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 147,815 4,766 (50,695) Net realized gain (loss) on investments and capital gains distributions (4,010) (5,368) 1,926 Net unrealized appreciation (depreciation) of investments 347,843 263,923 386,450 --------------------------------------------------- Net increase (decrease) in net assets resulting from operations 491,648 263,321 337,681 Changes from principal transactions: Total unit transactions 43,064,749 53,290,086 39,040,813 --------------------------------------------------- Increase (decrease) in assets derived from principal transactions 43,064,749 53,290,086 39,040,813 --------------------------------------------------- Total increase (decrease) 43,556,397 53,553,407 39,378,494 --------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 43,556,397 $ 53,553,407 $ 39,378,494 ===================================================
SEE ACCOMPANYING NOTES. 38
ING GET FUND ING VP - SERIES U BALANCED ING VP BOND ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ 199,767,841 $ 99,490,083 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - 9,113,021 6,509,189 Net realized gain (loss) on investments and capital gains distributions - (7,103,330) 869,818 Net unrealized appreciation (depreciation) of investments - (12,960,839) 898,172 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations - (10,951,148) 8,277,179 Changes from principal transactions: Total unit transactions - 1,130,931 36,691,750 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions - 1,130,931 36,691,750 ----------------------------------------------------- Total increase (decrease) - (9,820,217) 44,968,929 ----------------------------------------------------- Net assets at December 31, 2001 - 189,947,624 144,459,012 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (285) (197,183) 3,229,664 Net realized gain (loss) on investments and capital gains distributions 3 (31,426,581) 4,300,950 Net unrealized appreciation (depreciation) of investments 171 10,085,344 2,690,919 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (111) (21,538,420) 10,221,533 Changes from principal transactions: Total unit transactions 502,680 (19,541,370) 9,882,559 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 502,680 (19,541,370) 9,882,559 ----------------------------------------------------- Total increase (decrease) 502,569 (41,079,790) 20,104,092 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 502,569 $ 148,867,834 $ 164,563,104 =====================================================
39
ING VP ING VP ING VP STRATEGIC EMERGING ING VP MONEY NATURAL ALLOCATION MARKETS MARKET RESOURCES BALANCED ------------------------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001 $ 1,255,139 $ 211,808,608 $ 2,800,522 $ 21,090,188 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 200,313 8,471,018 (27,769) 242,613 Net realized gain (loss) on investments and capital gains distributions (46,024) (787,890) (74,546) (147,526) Net unrealized appreciation (depreciation) of investments (286,135) (382,266) (343,776) (1,743,663) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (131,846) 7,300,862 (446,091) (1,648,576) Changes from principal transactions: Total unit transactions (211,449) 73,917,208 (351,677) (2,051,275) ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions (211,449) 73,917,208 (351,677) (2,051,275) ------------------------------------------------------------------------ Total increase (decrease) (343,295) 81,218,070 (797,768) (3,699,851) ------------------------------------------------------------------------ Net assets at December 31, 2001 911,844 293,026,678 2,002,754 17,390,337 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (11,406) 7,337,669 (19,167) 193,984 Net realized gain (loss) on investments and capital gains distributions (281,423) (5,982,099) 18,761 (1,295,397) Net unrealized appreciation (depreciation) of investments 220,172 (371,722) (80,642) (696,127) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (72,657) 983,848 (81,048) (1,797,540) Changes from principal transactions: Total unit transactions (190,137) (31,454,767) (354,905) (1,248,792) ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions (190,137) (31,454,767) (354,905) (1,248,792) ------------------------------------------------------------------------ Total increase (decrease) (262,794) (30,470,919) (435,953) (3,046,332) ------------------------------------------------------------------------ NET ASSETS AT DECEMBER 31, 2002 $ 649,050 $ 262,555,759 $ 1,566,801 $ 14,344,005 ======================================================================== ING VP ING VP STRATEGIC STRATEGIC ING ALGER ALLOCATION ALLOCATION AGGRESSIVE GROWTH INCOME GROWTH ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 17,520,083 $ 26,191,216 $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 57,331 757,517 - Net realized gain (loss) on investments and capital gains distributions (214,747) (148,474) - Net unrealized appreciation (depreciation) of investments (2,028,011) (1,543,863) - ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (2,185,427) (934,820) - Changes from principal transactions: Total unit transactions (1,458,785) (1,909,739) - ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions (1,458,785) (1,909,739) - ----------------------------------------------------- Total increase (decrease) (3,644,212) (2,844,559) - ----------------------------------------------------- Net assets at December 31, 2001 13,875,871 23,346,657 - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 59,179 430,614 (107) Net realized gain (loss) on investments and capital gains distributions (1,733,172) (810,159) 2 Net unrealized appreciation (depreciation) of investments (367,779) (898,794) (11,590) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (2,041,772) (1,278,339) (11,695) Changes from principal transactions: Total unit transactions (577,200) (1,980,031) 190,364 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions (577,200) (1,980,031) 190,364 ----------------------------------------------------- Total increase (decrease) (2,618,972) (3,258,370) 178,669 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 11,256,899 $ 20,088,287 $ 178,669 =====================================================
SEE ACCOMPANYING NOTES. 40
ING AMERICAN ING BARON ING ALGER CENTURY SMALL SMALL CAP GROWTH CAP VALUE GROWTH ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - - - Net realized gain (loss) on investments and capital gains distributions - - - Net unrealized appreciation (depreciation) of investments - - - ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations - - - Changes from principal transactions: Total unit transactions - - - ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions - - - ----------------------------------------------------- Total increase (decrease) - - - ----------------------------------------------------- Net assets at December 31, 2001 - - - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (19) (467) (588) Net realized gain (loss) on investments and capital gains distributions (4) (4,695) 5,232 Net unrealized appreciation (depreciation) of investments (929) 6,863 327 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (952) 1,701 4,971 Changes from principal transactions: Total unit transactions 10,365 171,139 188,307 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 10,365 171,139 188,307 ----------------------------------------------------- Total increase (decrease) 9,413 172,840 193,278 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 9,413 $ 172,840 $ 193,278 =====================================================
41
ING GOLDMAN ING JPMORGAN ING MFS SACHS(R) CAPITAL FLEMING ING JPMORGAN CAPITAL GROWTH INTERNATIONAL MID CAP VALUE OPPORTUNITIES ------------------------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001 $ - $ 38,279,673 $ - $ 78,233,370 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - 8,217,492 - 12,719,778 Net realized gain (loss) on investments and capital gains distributions - (18,250,125) - (7,777,680) Net unrealized appreciation (depreciation) of investments - (320,460) - (27,031,102) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations - (10,353,093) - (22,089,004) Changes from principal transactions: Total unit transactions - 2,522,566 6,687,762 ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions - 2,522,566 - 6,687,762 ------------------------------------------------------------------------ Total increase (decrease) - (7,830,527) - (15,401,242) ------------------------------------------------------------------------ Net assets at December 31, 2001 - 30,449,146 - 62,832,128 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (24) (153,993) 6 (592,876) Net realized gain (loss) on investments and capital gains distributions 1 (3,362,234) (9) (41,812,683) Net unrealized appreciation (depreciation) of investments (548) (590,934) (2,299) 23,516,791 ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (571) (4,107,161) (2,302) (18,888,768) Changes from principal transactions: Total unit transactions 18,664 (2,297,935) 89,227 (8,202,573) ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions 18,664 (2,297,935) 89,227 (8,202,573) ------------------------------------------------------------------------ Total increase (decrease) 18,093 (6,405,096) 86,925 (27,091,341) ------------------------------------------------------------------------ NET ASSETS AT DECEMBER 31, 2002 $ 18,093 $ 24,044,050 $ 86,925 $ 35,740,787 ======================================================================== ING MFS ING MFS ING OPCAP GLOBAL GROWTH RESEARCH BALANCED VALUE ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ 97,910,276 $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - 16,100,795 - Net realized gain (loss) on investments and capital gains distributions - (5,309,113) - Net unrealized appreciation (depreciation) of investments - (32,124,468) - ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations - (21,332,786) - Changes from principal transactions: Total unit transactions - (7,183,612) - ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions - (7,183,612) - ----------------------------------------------------- Total increase (decrease) - (28,516,398) - ----------------------------------------------------- Net assets at December 31, 2001 - 69,393,878 - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (2) (600,220) (24) Net realized gain (loss) on investments and capital gains distributions (28) (43,750,229) 88 Net unrealized appreciation (depreciation) of investments (17) 27,569,249 272 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (47) (16,781,200) 336 Changes from principal transactions: Total unit transactions 1,449 (11,943,836) 14,908 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 1,449 (11,943,836) 14,908 ----------------------------------------------------- Total increase (decrease) 1,402 (28,725,036) 15,244 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 1,402 $ 40,668,842 $ 15,244 =====================================================
SEE ACCOMPANYING NOTES. 42
ING SALOMON BROTHERS ING SALOMON ING PIMCO AGGRESSIVE BROTHERS TOTAL RETURN GROWTH CAPITAL ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ 136,684,647 $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - 5,810,330 - Net realized gain (loss) on investments and capital gains distributions - (51,885,576) - Net unrealized appreciation (depreciation) of investments - 10,682,971 - ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations - (35,392,275) - Changes from principal transactions: Total unit transactions - (9,757,019) - ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions - (9,757,019) - ----------------------------------------------------- Total increase (decrease) - (45,149,294) - ----------------------------------------------------- Net assets at December 31, 2001 - 91,535,353 - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 13,728 (848,784) - Net realized gain (loss) on investments and capital gains distributions 17,752 (25,188,977) - Net unrealized appreciation (depreciation) of investments 18,387 (4,736,656) 34 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations 49,867 (30,774,417) 34 Changes from principal transactions: Total unit transactions 1,225,161 (13,753,107) 5,000 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 1,225,161 (13,753,107) 5,000 ----------------------------------------------------- Total increase (decrease) 1,275,028 (44,527,524) 5,034 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 1,275,028 $ 47,007,829 $ 5,034 =====================================================
43
ING SALOMON ING T. ROWE ING UBS ING VAN BROTHERS PRICE GROWTH TACTICAL ASSET KAMPEN INVESTORS VALUE EQUITY ALLOCATION COMSTOCK ------------------------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001 $ - $ 113,229,886 $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - 14,327,213 - - Net realized gain (loss) on investments and capital gains distributions - (4,691,348) - - Net unrealized appreciation (depreciation) of investments - (22,787,331) - - ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations - (13,151,466) - - Changes from principal transactions: Total unit transactions - (10,683,369) - - ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions - (10,683,369) - - ------------------------------------------------------------------------ Total increase (decrease) - (23,834,835) - - ------------------------------------------------------------------------ Net assets at December 31, 2001 - 89,395,051 - - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (49) (834,503) - 551 Net realized gain (loss) on investments and capital gains distributions (4) (31,652,050) - (132) Net unrealized appreciation (depreciation) of investments (1,647) 11,325,203 (12) (11,139) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (1,700) (21,161,350) (12) (10,720) Changes from principal transactions: Total unit transactions 16,049 (9,791,113) 440 329,703 ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions 16,049 (9,791,113) 440 329,703 ------------------------------------------------------------------------ Total increase (decrease) 14,349 (30,952,463) 428 318,983 ------------------------------------------------------------------------ NET ASSETS AT DECEMBER 31, 2002 $ 14,349 $ 58,442,588 $ 428 $ 318,983 ======================================================================== ING VP GROWTH ING VP INDEX AND INCOME ING VP GROWTH PLUS LARGECAP ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 928,209,700 $ 85,002,177 $ 261,795,046 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (3,421,173) 7,586,438 7,044,685 Net realized gain (loss) on investments and capital gains distributions (113,876,325) (37,814,320) (36,788,778) Net unrealized appreciation (depreciation) of investments (55,992,671) 7,848,570 (9,243,704) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (173,290,169) (22,379,312) (38,987,797) Changes from principal transactions: Total unit transactions (91,273,079) (10,534,849) 1,954,479 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions (91,273,079) (10,534,849) 1,954,479 ----------------------------------------------------- Total increase (decrease) (264,563,248) (32,914,161) (37,033,318) ----------------------------------------------------- Net assets at December 31, 2001 663,646,452 52,088,016 224,761,728 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (1,351,932) (472,716) (1,838,073) Net realized gain (loss) on investments and capital gains distributions (193,418,765) (8,444,150) (58,481,089) Net unrealized appreciation (depreciation) of investments 35,220,058 (5,648,119) 11,268,433 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (159,550,639) (14,564,985) (49,050,729) Changes from principal transactions: Total unit transactions (88,129,791) (9,236,832) (21,294,271) ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions (88,129,791) (9,236,832) (21,294,271) ----------------------------------------------------- Total increase (decrease) (247,680,430) (23,801,817) (70,345,000) ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 415,966,022 $ 28,286,199 $ 154,416,728 =====================================================
SEE ACCOMPANYING NOTES. 44 45
ING VP ING VP INDEX ING VP INDEX INTERNATIONAL PLUS MIDCAP PLUS SMALLCAP EQUITY ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 6,733,274 $ 1,097,872 $ 9,707,836 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 455,151 53,118 (95,343) Net realized gain (loss) on investments and capital gains distributions (303,328) 16,027 (4,401,994) Net unrealized appreciation (depreciation) of investments (366,632) (19,980) 2,100,297 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (214,809) 49,165 (2,397,040) Changes from principal transactions: Total unit transactions 2,695,562 1,263,589 680,138 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 2,695,562 1,263,589 680,138 ----------------------------------------------------- Total increase (decrease) 2,480,753 1,312,754 (1,716,902) ----------------------------------------------------- Net assets at December 31, 2001 9,214,027 2,410,626 7,990,934 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (53,923) (30,132) (64,408) Net realized gain (loss) on investments and capital gains distributions (760,138) (75,227) (1,577,469) Net unrealized appreciation (depreciation) of investments (1,413,335) (732,353) (299,583) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (2,227,396) (837,712) (1,941,460) Changes from principal transactions: Total unit transactions 4,792,805 2,701,610 (821,654) ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 4,792,805 2,701,610 (821,654) ----------------------------------------------------- Total increase (decrease) 2,565,409 1,863,898 (2,763,114) ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 11,779,436 $ 4,274,524 $ 5,227,820 =====================================================
46
ING VP GROWTH ING VP SMALL ING VP ING VP VALUE OPPORTUNITIES - COMPANY TECHNOLOGY OPPORTUNITY CLASS R ------------------------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001 $ 47,270,402 $ 9,832,599 $ 19,709,584 $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 1,495,826 (128,546) 890,299 - Net realized gain (loss) on investments and capital gains distributions (79,276) (7,168,946) (717,768) - Net unrealized appreciation (depreciation) of investments 422,864 3,648,984 (3,302,248) - ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations 1,839,414 (3,648,508) (3,129,717) - Changes from principal transactions: Total unit transactions 13,466,616 5,560,799 9,782,353 - ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions 13,466,616 5,560,799 9,782,353 - ------------------------------------------------------------------------ Total increase (decrease) 15,306,030 1,912,291 6,652,636 - ------------------------------------------------------------------------ Net assets at December 31, 2001 62,576,432 11,744,890 26,362,220 - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (468,856) (108,774) (184,300) (282) Net realized gain (loss) on investments and capital gains distributions (3,580,613) (3,681,243) (4,332,295) 1,805 Net unrealized appreciation (depreciation) of investments (14,440,776) (1,844,374) (2,719,443) (19,103) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (18,490,245) (5,634,391) (7,236,038) (17,580) Changes from principal transactions: Total unit transactions 8,071,713 453,564 (2,125,197) 401,831 ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions 8,071,713 453,564 (2,125,197) 401,831 ------------------------------------------------------------------------ Total increase (decrease) (10,418,532) (5,180,827) (9,361,235) 384,251 ------------------------------------------------------------------------ NET ASSETS AT DECEMBER 31, 2002 $ 52,157,900 $ 6,564,063 $ 17,000,985 $ 384,251 ======================================================================== ING VP GROWTH ING VP ING VP OPPORTUNITIES - INTERNATIONAL MAGNACAP - CLASS S VALUE CLASS R ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (495) - - Net realized gain (loss) on investments and capital gains distributions (2,161) - - Net unrealized appreciation (depreciation) of investments (54) - - ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (2,710) - - Changes from principal transactions: Total unit transactions 144,161 - - ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 144,161 - - ----------------------------------------------------- Total increase (decrease) 141,451 - - ----------------------------------------------------- Net assets at December 31, 2001 141,451 - - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (1,717) 269 128 Net realized gain (loss) on investments and capital gains distributions (27,626) (18,718) (20) Net unrealized appreciation (depreciation) of investments (29,240) (30,118) (5,689) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (58,583) (48,567) (5,581) Changes from principal transactions: Total unit transactions 42,350 452,550 32,385 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 42,350 452,550 32,385 ----------------------------------------------------- Total increase (decrease) (16,233) 403,983 26,804 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 125,218 $ 403,983 $ 26,804 =====================================================
SEE ACCOMPANYING NOTES. 47
ING VP ING VP MIDCAP ING VP MIDCAP OPPORTUNITIES - MAGNACAP - OPPORTUNITIES - CLASS S CLASS S CLASS R ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (3,490) 501 - Net realized gain (loss) on investments and capital gains distributions (11,400) (1,655) - Net unrealized appreciation (depreciation) of investments 10,360 6,282 - ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (4,530) 5,128 - Changes from principal transactions: Total unit transactions 869,213 425,382 - ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 869,213 425,382 - ----------------------------------------------------- Total increase (decrease) 864,683 430,510 - ----------------------------------------------------- Net assets at December 31, 2001 864,683 430,510 - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (22,826) (757) (15) Net realized gain (loss) on investments and capital gains distributions (97,225) (9,688) (200) Net unrealized appreciation (depreciation) of investments (459,418) (121,268) (805) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (579,469) (131,713) (1,020) Changes from principal transactions: Total unit transactions 2,297,956 190,925 77,118 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 2,297,956 190,925 77,118 ----------------------------------------------------- Total increase (decrease) 1,718,487 59,212 76,098 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 2,583,170 $ 489,722 $ 76,098 =====================================================
48
ING VP ING VP SMALLCAP SMALLCAP JANUS ASPEN OPPORTUNITIES - OPPORTUNITIES - AGGRESSIVE JANUS ASPEN CLASS R CLASS S GROWTH BALANCED ------------------------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001 $ - $ - $ 274,462,060 $ 244,144,219 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - (3,318) (2,163,717) 3,408,631 Net realized gain (loss) on investments and capital gains distributions - (119,912) (102,981,631) (3,517,430) Net unrealized appreciation (depreciation) of investments - 26,260 (425,456) (14,919,519) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations - (96,970) (105,570,804) (15,028,318) Changes from principal transactions: Total unit transactions - 1,377,039 (27,084,902) 11,125,134 ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions - 1,377,039 (27,084,902) 11,125,134 ------------------------------------------------------------------------ Total increase (decrease) - 1,280,069 (132,655,706) (3,903,184) ------------------------------------------------------------------------ Net assets at December 31, 2001 - 1,280,069 141,806,354 240,241,035 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (130) (20,930) (1,204,437) 2,535,700 Net realized gain (loss) on investments and capital gains distributions (9,641) (338,439) (110,103,453) (19,145,911) Net unrealized appreciation (depreciation) of investments (3,578) (622,428) 73,321,455 (1,489,908) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (13,349) (981,797) (37,986,435) (18,100,119) Changes from principal transactions: Total unit transactions 71,794 1,473,449 (26,586,808) (24,315,508) ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions 71,794 1,473,449 (26,586,808) (24,315,508) ------------------------------------------------------------------------ Total increase (decrease) 58,445 491,652 (64,573,243) (42,415,627) ------------------------------------------------------------------------ NET ASSETS AT DECEMBER 31, 2002 $ 58,445 $ 1,771,721 $ 77,233,111 $ 197,825,408 ======================================================================== JANUS ASPEN JANUS ASPEN JANUS ASPEN WORLDWIDE FLEXIBLE INCOME GROWTH GROWTH ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 18,729,553 $ 267,652,979 $ 483,862,628 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 1,003,379 (2,103,210) (2,995,164) Net realized gain (loss) on investments and capital gains distributions 291,118 (29,054,576) (52,114,953) Net unrealized appreciation (depreciation) of investments (9,015) (38,086,553) (56,467,361) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations 1,285,482 (69,244,339) (111,577,478) Changes from principal transactions: Total unit transactions 3,925,181 (21,629,929) (40,889,293) ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 3,925,181 (21,629,929) (40,889,293) ----------------------------------------------------- Total increase (decrease) 5,210,663 (90,874,268) (152,466,771) ----------------------------------------------------- Net assets at December 31, 2001 23,940,216 176,778,711 331,395,857 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 856,419 (1,668,494) (1,012,698) Net realized gain (loss) on investments and capital gains distributions 761,446 (88,052,075) (139,153,473) Net unrealized appreciation (depreciation) of investments 571,088 45,741,303 58,703,035 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations 2,188,953 (43,979,266) (81,463,136) Changes from principal transactions: Total unit transactions 2,262,579 (34,296,856) (51,652,618) ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 2,262,579 (34,296,856) (51,652,618) ----------------------------------------------------- Total increase (decrease) 4,451,532 (78,276,122) (133,115,754) ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 28,391,748 $ 98,502,589 $ 198,280,103 =====================================================
SEE ACCOMPANYING NOTES. 49
LORD ABBETT GROWTH AND LORD ABBETT MFS(R) GLOBAL INCOME MID-CAP VALUE GOVERNMENTS ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ - $ 1,537,291 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - - 39,877 Net realized gain (loss) on investments and capital gains distributions - - 52,236 Net unrealized appreciation (depreciation) of investments - - (40,415) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations - - 51,698 Changes from principal transactions: Total unit transactions - - 153,415 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions - - 153,415 ----------------------------------------------------- Total increase (decrease) - - 205,113 ----------------------------------------------------- Net assets at December 31, 2001 - - 1,742,404 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 1,030 849 36,000 Net realized gain (loss) on investments and capital gains distributions (52) (21,787) 31,230 Net unrealized appreciation (depreciation) of investments (19,377) (25,338) 84,246 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (18,399) (46,276) 151,476 Changes from principal transactions: Total unit transactions 439,912 520,237 826,559 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 439,912 520,237 826,559 ----------------------------------------------------- Total increase (decrease) 421,513 473,961 978,035 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 421,513 $ 473,961 $ 2,720,439 =====================================================
50
OPPENHEIMER OPPENHEIMER OPPENHEIMER MAIN STREET MFS(R) TOTAL AGGRESSIVE GLOBAL GROWTH & RETURN GROWTH SECURITIES INCOME ------------------------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001 $ 63,398,107 $ 57,052,022 $ 17,259,574 $ 67,652,421 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 3,012,322 6,906,604 1,960,521 (500,428) Net realized gain (loss) on investments and capital gains distributions (4,439) (42,931,360) (1,060,601) (1,058,708) Net unrealized appreciation (depreciation) of investments (3,698,764) 15,925,135 (3,174,371) (6,494,391) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (690,881) (20,099,621) (2,274,451) (8,053,527) Changes from principal transactions: Total unit transactions 31,202,325 3,496,997 1,417,786 6,109,792 ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions 31,202,325 3,496,997 1,417,786 6,109,792 ------------------------------------------------------------------------ Total increase (decrease) 30,511,444 (16,602,624) (856,665) (1,943,735) ------------------------------------------------------------------------ Net assets at December 31, 2001 93,909,551 40,449,398 16,402,909 65,708,686 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 355,083 (188,891) (124,319) (327,654) Net realized gain (loss) on investments and capital gains distributions 3,616,803 (5,968,060) (3,498,317) (11,300,002) Net unrealized appreciation (depreciation) of investments (10,681,462) (5,031,083) (1,163,987) (1,390,151) ------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations (6,709,576) (11,188,034) (4,786,623) (13,017,807) Changes from principal transactions: Total unit transactions 4,525,040 (5,331,166) 3,560,532 (3,890,270) ------------------------------------------------------------------------ Increase (decrease) in assets derived from principal transactions 4,525,040 (5,331,166) 3,560,532 (3,890,270) ------------------------------------------------------------------------ Total increase (decrease) (2,184,536) (16,519,200) (1,226,091) (16,908,077) ------------------------------------------------------------------------ NET ASSETS AT DECEMBER 31, 2002 $ 91,725,015 $ 23,930,198 $ 15,176,818 $ 48,800,609 ======================================================================== OPPENHEIMER PIONEER EQUITY PIONEER STRATEGIC BOND INCOME VCT VCT ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ 23,334,535 $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 1,267,653 - - Net realized gain (loss) on investments and capital gains distributions (55,135) - - Net unrealized appreciation (depreciation) of investments (335,512) - - ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations 877,006 - - Changes from principal transactions: Total unit transactions 4,680,276 - - ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 4,680,276 - - ----------------------------------------------------- Total increase (decrease) 5,557,282 - - ----------------------------------------------------- Net assets at December 31, 2001 28,891,817 - - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) 1,845,683 1,445 - Net realized gain (loss) on investments and capital gains distributions (1,631,959) (909) - Net unrealized appreciation (depreciation) of investments 1,589,777 (5,978) 1 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations 1,803,501 (5,442) 1 Changes from principal transactions: Total unit transactions 2,039,563 158,735 1,302 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 2,039,563 158,735 1,302 ----------------------------------------------------- Total increase (decrease) 3,843,064 153,293 1,303 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 32,734,881 $ 153,293 $ 1,303 =====================================================
SEE ACCOMPANYING NOTES. 51 52
SP JENNISON PIONEER MID PRUDENTIAL INTERNATIONAL CAP VALUE VCT JENNISON GROWTH ----------------------------------------------------- NET ASSETS AT JANUARY 1, 2001 $ - $ - $ - INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) - (1,106) (620) Net realized gain (loss) on investments and capital gains distributions - (11,906) (27,800) Net unrealized appreciation (depreciation) of investments - 20,719 656 ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations - 7,707 (27,764) Changes from principal transactions: Total unit transactions - 715,846 87,050 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions - 715,846 87,050 ----------------------------------------------------- Total increase (decrease) - 723,553 59,286 ----------------------------------------------------- Net assets at December 31, 2001 - 723,553 59,286 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income (loss) (127) (8,938) (2,814) Net realized gain (loss) on investments and capital gains distributions (9,025) (252,055) (44,193) Net unrealized appreciation (depreciation) of investments 50 (50,168) (7,265) ----------------------------------------------------- Net increase (decrease) in net assets resulting from operations (9,102) (311,161) (54,272) Changes from principal transactions: Total unit transactions 39,527 14,555 208,824 ----------------------------------------------------- Increase (decrease) in assets derived from principal transactions 39,527 14,555 208,824 ----------------------------------------------------- Total increase (decrease) 30,425 (296,606) 154,552 ----------------------------------------------------- NET ASSETS AT DECEMBER 31, 2002 $ 30,425 $ 426,947 $ 213,838 =====================================================
SEE ACCOMPANYING NOTES. 53 54 ING Life Insurance and Annuity Company Variable Annuity Account B Notes to Financial Statements December 31, 2002 1. ORGANIZATION ING Life Insurance and Annuity Company Variable Annuity Account B (the "Account") was established by ING Insurance Company of America ("ILIAC" or the "Company") to support the operations of variable annuity contracts ("Contracts"). The Company 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 a wholly owned subsidiary of ING Groep, N.V., a global financial services holding company based in The Netherlands. The Account is registered as a unit investment trust with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended. The account is sold exclusively for use with variable annuity Contracts that may be entitled to tax-deferred treatment under specific sections of the Internal Revenue Code of 1986, as amended. ILIAC provides for variable accumulation and benefits under the Contracts by crediting annuity considerations to one or more divisions within the Account or the 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 ILIAC may conduct, but obligations of the Account, including the promise to make benefit payments, are obligations of ILIAC. The assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of ILIAC. 55 At December 31, 2002, the Account had 110 investment divisions (the "Divisions"), 50 of which invest in independently managed mutual funds and 60 of which invest in mutual funds managed by affiliates, either ING Investments, LLC or ING Life Insurance and Annuity Company. 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, 2002 and related Trusts are as follows: AIM V.I. Funds: AIM V.I. Capital Appreciation Fund - Series I Shares AIM V.I. Core Equity Fund - Series I Shares AIM V.I. Government Securities Fund - Series I Shares AIM V.I. Growth Fund - Series I Shares AIM V.I. Premier Equity Fund - Series I Shares Alger American Funds: Alger American Balanced Portfolio Alger American Income & Growth Portfolio Alger American Leveraged AllCap Portfolio Alliance Funds: Alliance Growth and Income Alliance Premier Growth Portfolio Alliance Quasar Portfolio American Century VP Funds: American Century VP Balanced Fund American Century VP International Fund Brinson Series Funds: Brinson Tactical Allocation Portfolio - Class I Calvert Social Balanced Portfolio Federated Insurance Series: Federated American Leaders Fund II Federated Equity Income Fund II Federated Fund for U.S. Government Securities II Federated Growth Strategies Fund II Federated High Income Bond Fund II Federated International Equity Fund II Federated Prime Money Fund II Federated Utility Fund II Fidelity(R) Variable Insurance Products Fund: Fidelity(R) VIP Equity-Income Portfolio - Initial Class Fidelity(R) VIP Growth Portfolio - Initial Class Fidelity Variable Insurance Products Fund II (continued): Fidelity(R) VIP II Index 500 Portfolio - Initial Class Fidelity(R) VIP II Investment Grade Bond Portfolio - Initial Class Franklin Templeton Variable Insurance Products Trust: Franklin Small Cap Value Securities Fund - Class 2** ING GET Fund: ING GET Fund - Series D ING GET Fund - Series E ING GET Fund - Series G ING GET Fund - Series H ING GET Fund - Series I ING GET Fund - Series J ING GET Fund - Series K ING GET Fund - Series L ING GET Fund - Series M* ING GET Fund - Series N* ING GET Fund - Series P* ING GET Fund - Series Q* ING GET Fund - Series R** ING GET Fund - Series S** ING GET Fund - Series T** ING GET Fund - Series U** ING VP Balanced Portfolio, Inc. - Class R ING VP Bond Portfolio - Class R ING VP Emerging Markets Fund ING VP Money Market Portfolio - Class R ING VP Natural Resources Trust ING Generations Portfolio, Inc.: ING VP Strategic Allocation Balanced Portfolio - Class R ING VP Strategic Allocation Growth Portfolio - Class R ING VP Strategic Allocation Income Portfolio - Class R ING Partners, Inc.: 56 Fidelity(R) VIP High Income Portfolio - Initial Class Fidelity(R) VIP Overseas Portfolio - Initial Class Fidelity Variable Insurance Products Fund II: Fidelity(R) VIP II ASSET MANAGER(SM) Portfolio - Initial Class Fidelity(R) VIP II Contrafund(R) Portfolio - Initial Class ING Alger Aggressive Growth Portfolio - Service Class** ING Alger Growth Portfolio - Service Class** ING American Century Small Cap Value Portfolio** ING Baron Small Cap Growth Portfolio - Service Class** ING Goldman Sachs Capital Growth Portfolio - Service Class** 57 ING Partners, Inc. (continued): ING JP Morgan Fleming International Portfolio - Initial Class ING JP Morgan Mid Cap Value Portfolio - Service Class** ING MFS Capital Opportunities Portfolio - Initial Class ING MFS Global Growth Portfolio - Service Class** ING MFS Research Portfolio - Initial Class ING OpCap Balanced Value Portfolio - Service Class** ING PIMCO Total Return Portfolio - Service Class** ING Salomon Brothers Aggressive Growth Portfolio - Initial Class ING Salomon Brothers Capital Portfolio - Service Class** ING Salomon Brothers Investors Value Portfolio - Service Class** ING T. Rowe Price Growth Equity Portfolio - Initial Class ING UBS Tactical Asset Allocation Portfolio - Service Class** ING Van Kampen Comstock Portfolio - Service Class** ING Variable Funds: ING VP Growth and Income Portfolio - Class R ING Variable Portfolios, Inc.: ING VP Growth Portfolio - Class R ING VP Index Plus LargeCap Portfolio - Class R ING VP Index Plus MidCap Portfolio - Class R ING VP Index Plus SmallCap Portfolio - Class R ING VP International Equity Portfolio - Class R ING VP Small Company Portfolio - Class R ING VP Technology Portfolio - Class R ING VP Value Opportunity Portfolio - Class R ING Variable Products Trust: ING VP MagnaCap Portfolio - Class R** ING VP MagnaCap Portfolio - Class S* ING VP MidCap Opportunities Portfolio - Class R** ING VP MidCap Opportunities Portfolio - Class S* ING VP SmallCap Opportunities Portfolio - Class R** ING VP SmallCap Opportunities Portfolio - Class S* Janus Aspen Series: Janus Aspen Aggressive Growth Portfolio - Institutional Shares Janus Aspen Balanced Portfolio - Inst Shares Janus Aspen Flexible Income Portfolio - Inst Shares Janus Aspen Growth Portfolio - Inst Shares Janus Aspen Worldwide Growth Portfolio - Inst Shares Lord Abbett Funds: Lord Abbett Growth and Income Portfolio** Lord Abbett MidCap Value Portfolio** MFS(R) Funds: MFS(R) Global Governments Series MFS(R) Total Return Series - Initial Class Oppenheimer Variable Account Funds: Oppenheimer Aggressive Growth Fund/VA Oppenheimer Global Securities Fund/VA Oppenheimer Main Street Growth & Income Fund/VA Oppenheimer Strategic Bond Fund/VA Pioneer Variable Contracts Trust: Pioneer Equity Income VCT Portfolio - Class I** Pioneer VCT Portfolio - Class I** Pioneer Mid Cap Value VCT Portfolio - Class I** 58 ING VP Growth Opportunities Portfolio - Class R** ING VP Growth Opportunities Portfolio - Class S* ING VP International Value Portfolio - Class R** Prudential Series Fund, Inc.: Prudential Jennison Portfolio - Class II Shares* SP Jennison International Growth Portfolio - Class II Shares* * Investment Division added in 2001. ** Investment Division added in 2002. Effective September 15, 2000, the Brinson Series Trust Small Cap Portfolio (formerly the Mitchell Hutchins Series Trust Small Cap Portfolio) was closed to new Contractowners and to new investments from existing Contractowners. All remaining amounts were transferred to other Funds prior to December 31, 2001 at the Contractowners' direction. Effective October 8, 2001, the Brinson Series Trust Growth and Income Portfolio (formerly the Mitchell Hutchins Series Trust Growth and Income Portfolio) was closed to new Contractowners and to new investments from existing Contractowners. All remaining amounts were transferred to other Funds prior to December 31, 2001 at the Contractowners' direction. 59 ING GET Fund Series C reached the end of its offering period and closed on December 16, 2001. All remaining amounts were transferred to other Funds prior to December 31, 2001 at the Contractowners' direction. The names of certain Divisions were changed during 2002. The following is a summary of current and former names for those Divisions:
CURRENT NAME FORMER NAME - ------------------------------------------------------------------------------------ AIM V.I. Core Equity AIM V.I. Growth and Income AIM V.I. Premier Equity AIM V.I. Value ING GET Fund - Series D Aetna GET Fund - Series D ING GET Fund - Series E Aetna GET Fund - Series E ING GET Fund - Series G Aetna GET Fund - Series G ING GET Fund - Series H Aetna GET Fund - Series H ING GET Fund - Series I Aetna GET Fund - Series I ING GET Fund - Series J Aetna GET Fund - Series J ING GET Fund - Series K Aetna GET Fund - Series K ING GET Fund - Series L Aetna GET Fund - Series L ING GET Fund - Series M Aetna GET Fund - Series M ING GET Fund - Series N Aetna GET Fund - Series N ING GET Fund - Series P Aetna GET Fund - Series P ING GET Fund - Series Q Aetna GET Fund - Series Q ING VP Balanced Aetna Balanced VP, Inc. ING VP Bond Aetna Bond VP ING VP Emerging Markets Aetna Emerging Markets VP ING VP Money Market Aetna Money Market VP ING VP Natural Resources Aetna Natural Resources VP ING VP Strategic Allocation Balanced Aetna Crossroads VP ING VP Strategic Allocation Growth Aetna Ascent VP ING VP Strategic Allocation Income Aetna Legacy VP ING JP Morgan Fleming International PPI Scudder International Growth ING MFS Capital Opportunities PPI MFS Capital Opportunities ING MFS Research PPI MFS Research ING Salomon Brothers Aggressive Growth PPI MFS Emerging Equities ING T. Rowe Price Growth Equity PPI T. Rowe Price Growth Equity ING VP Growth and Income Aetna Growth and Income VP ING VP Growth Aetna Growth VP ING VP Index Plus LargeCap Aetna Index Plus LargeCap VP ING VP Index Plus MidCap Aetna Index Plus MidCap VP ING VP Index Plus SmallCap Aetna Index Plus SmallCap VP ING VP International Equity Aetna International VP ING VP Small Company Aetna Small Company VP ING VP Technology Aetna Technology VP ING VP Value Opportunity Aetna Value Opportunity VP ING VP Growth Opportunities - Class S Pilgrim Growth Opportunities ING VP MagnaCap - Class S Pilgrim International Value ING VP MidCap Opportunities - Class S Pilgrim MidCap Opportunities ING VP SmallCap Opportunities - Class S Pilgrim SmallCap Opportunities
60 61 2. SIGNIFICANT ACCOUNTING POLICIES The following is a summary of the significant accounting policies of the Account: USE OF ESTIMATES The preparation of the 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 those estimates. INVESTMENTS Investments are made in shares of a Fund and are recorded at fair value, determined by the net asset value per share of the respective Fund. Investment transactions in each Fund are recorded on the trade date. Distributions of net investment income and capital gains from each Fund are recognized on the ex-distribution date. Realized gains and losses on redemptions of the shares of the Fund are determined by specific identification. The difference between cost and current market value 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 ILIAC, 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 ILIAC. 62 ANNUITY RESERVES Prior to the annuity date, the Contracts are redeemable for the net cash surrender value of the Contracts. The annuity reserves are recorded in the financial statements at the aggregate account values of the Contractholders invested in the Account Divisions. Annuity reserves held in the Account for currently payable contracts are computed according to the Progressive Annuity, a49, 1971 Individual Annuity Mortality, 1971 Group Annuity Mortality, 1983a, and 1983 Group Annuity Mortality tables using various assumed interest rates not to exceed seven percent. Mortality experience is monitored by the Company. Charges to annuity reserves for mortality experience are reimbursed to the Company if the reserves required are less than originally estimated. If additional reserves are required, the Company reimburses the Account. Conversely, if amounts allocated exceed amounts required, transfers may be made to ILIAC. 3. CHARGES AND FEES Under the terms of the Contracts, certain charges are allocated to the Contracts to cover ILIAC's expenses in connection with the issuance and administration of the Contracts. Following is a summary of these charges: MORTALITY AND EXPENSE RISK CHARGES ILIAC 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 1.90% of the average daily net asset value of each Division of the Account to cover these risks, as specified in the Contract. ADMINISTRATIVE CHARGES 63 A daily charge at an annual rate of up to 0.50% of the assets attributable to the Contracts is deducted, as specified in the Contract. 64 CONTRACT MAINTENANCE CHARGES An annual contract or certificate maintenance fee of up to $20 may be deducted from the accumulation value of Contracts to cover ongoing administrative expenses, as specified in the Contract. CONTINGENT DEFERRED SALES CHARGES For certain Contracts, a contingent deferred sales charge is imposed as a percentage of each premium payment if the Contract is surrendered or an excess partial withdrawal is taken, as specified in the Contract. 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. 4. RELATED PARTY TRANSACTIONS During the year ended December 31, 2002, management fees were paid indirectly to ING Investments, LLC, an affiliate of the Company, in its capacity as investment adviser to the ING GET Fund, ING Balanced Portfolio, Inc., ING VP Emerging Markets Fund, ING VP Natural Resources Trust, ING VP Money Market Portfolio, ING Generations Portfolios, Inc., ING Variable Funds, ING VP Bond Portfolio, ING Variable Portfolios, Inc., and ING Variable Products Trust. The annual fee rate ranged from 0.25% to 1.00% of the average net assets of each respective Fund or Fund of the Trust. In addition, management fees were paid to ILIAC, an affiliate, in its capacity as investment adviser to ING Partners, Inc. The annual fee rate ranged from 0.75% to 1.00% of the average net assets of each respective Fund of the Trust. 65 66 5. PURCHASES AND SALES OF INVESTMENT SECURITIES The aggregate cost of purchases and proceeds from sales of investments follows:
YEAR ENDED DECEMBER 31, 2002 2001 ----------------------------------------------------- PURCHASES SALES PURCHASES SALES ----------------------------------------------------- (DOLLARS IN THOUSANDS) AIM V.I. Funds: AIM V.I. Capital Appreciation $ 24,514 $ 27,763 $ 12,618 $ 6,381 AIM V.I. Core Equity 38,407 44,855 10,567 4,862 AIM V.I. Government Securities 32,681 16,817 11,327 2,444 AIM V.I. Growth 24,478 29,364 8,492 4,277 AIM V.I. Premier Equity 68,844 80,157 24,777 12,092 Alger American Funds: Alger American Balanced 3,639 4,339 142 1,043 Alger American Income & Growth 10,413 12,151 983 3,003 Alger American Leveraged AllCap 9,454 10,850 463 2,747 Alliance Funds: Alliance Growth and Income 46,961 44,016 29,482 817 Alliance Premier Growth 10,145 10,102 7,887 604 Alliance Quasar 1,723 1,577 1,231 408 American Century VP Funds: American Century VP Balanced 1,989 2,307 156 555 American Century VP International 2,499 3,200 402 809 Brinson Series Funds: Brinson Growth & Income - - 258 946 Brinson Small Cap - - - 180 Brinson Tactical Allocation 14,269 15,619 6,605 1,725 Calvert Social Balanced Portfolio 1,931 1,806 332 618 Federated Insurance Series: Federated American Leaders 8,627 25,009 3,691 16,943 Federated Federated Equity Income 820 4,394 1,658 5,373 Federated Fund for U.S. Government Securities 4,984 4,633 2,709 2,460 Federated Growth Strategies 112 5,825 2,009 6,819 Federated High Income Bond 6,847 9,302 2,881 6,274 Federated International Equity 127 2,905 2,139 3,858 Federated Prime Money 5,760 7,185 6,418 6,310 Federated Utility 2,331 5,001 874 4,087 Fidelity(R) Variable Insurance Products Fund: Fidelity(R) VIP Equity-Income 247,113 252,808 80,363 53,521 Fidelity(R) VIP Growth 141,688 162,277 30,277 21,128 Fidelity(R) VIP High Income 58,138 58,116 21,375 16,342 Fidelity(R) VIP Overseas 14,243 15,632 4,335 4,240 Fidelity Variable Insurance Products Fund II: Fidelity(R) VIP II ASSET MANAGER(SM) 15,172 16,452 1,425 3,404 Fidelity(R) VIP II Contrafund(R) 175,617 186,406 24,172 33,597 Fidelity(R) VIP II Index 500 121,951 136,223 50,031 65,319 Fidelity(R) VIP II Investment Grade Bond 3,174 3,538 215 913 Franklin Templeton Variable Insurance Products Trust: Franklin Small Cap Value Securities 2,565 1,920 - -
67
YEAR ENDED DECEMBER 31, 2002 2001 ----------------------------------------------------- PURCHASES SALES PURCHASES SALES ----------------------------------------------------- (DOLLARS IN THOUSANDS) ING GET Fund: ING GET Fund - Series C $ - $ - $ 349 $ 4,990 ING GET Fund - Series D 91,906 104,050 1,913 12,420 ING GET Fund - Series E 287,090 310,958 3,579 36,784 ING GET Fund - Series G 172,316 181,449 978 17,752 ING GET Fund - Series H 131,547 142,911 1,466 11,739 ING GET Fund - Series I 89,384 94,102 434 6,729 ING GET Fund - Series J 76,351 81,025 485 6,370 ING GET Fund - Series K 88,905 98,660 1,365 5,816 ING GET Fund - Series L 78,713 85,764 89,118 7,492 ING GET Fund - Series M 120,605 132,464 131,389 4,582 ING GET Fund - Series N 97,858 110,571 111,246 9,055 ING GET Fund - Series P 83,551 91,096 85,500 2,681 ING GET Fund - Series Q 115,914 62,794 2,594 974 ING GET Fund - Series R 47,063 3,851 - - ING GET Fund - Series S 55,817 2,522 - - ING GET Fund - Series T 39,328 338 - - ING GET Fund - Series U 508 6 - - ING VP Balanced 79,596 99,335 33,417 23,173 ING VP Bond 125,655 111,843 63,481 20,280 ING VP Emerging Markets Fund 976 1,178 215 226 ING VP Money Market 760,239 784,356 831,495 749,107 ING VP Natural Resources Trust 1,139 1,513 21 400 ING Generations Portfolio, Inc.: ING VP Strategic Allocation Balanced 13,854 14,909 1,228 3,037 ING VP Strategic Allocation Growth 11,735 12,253 1,104 2,506 ING VP Strategic Allocation Income 21,591 23,140 5,315 6,467 ING Partners, Inc.: ING Alger Aggressive Growth 190 - - - ING Alger Growth 10 - - - ING American Century Small Cap Value 253 82 - - ING Baron Small Cap Growth 359 171 - - ING Goldman Sachs Capital Growth 19 - - - ING JP Morgan Fleming International 210,312 212,764 152,032 141,292 ING JP Morgan Mid Cap Value 89 - - - ING MFS Capital Opportunities 46,601 55,397 29,866 10,459 ING MFS Global Growth 8 6 - - ING MFS Research 50,965 63,509 21,456 12,539 ING OpCap Balanced Value 15 - - - ING PIMCO Total Return 1,359 107 - - ING Salomon Brothers Aggressive Growth 109,117 123,719 104,463 108,410 ING Salomon Brothers Capital 5 - - - ING Salomon Brothers Investors Value 16 - - - ING T. Rowe Price Growth Equity 77,576 88,202 21,394 17,750 ING UBS Tactical Asset Allocation - - - - ING Van Kampen Comstock 331 1 - -
68
YEAR ENDED DECEMBER 31, 2002 2001 ----------------------------------------------------- PURCHASES SALES PURCHASES SALES ----------------------------------------------------- (DOLLARS IN THOUSANDS) ING Variable Funds: ING VP Growth and Income $ 172,371 $ 261,853 $ 83,464 $ 178,158 ING Variable Portfolios, Inc.: ING VP Growth 69,783 79,492 91,682 94,630 ING VP Index Plus LargeCap 190,972 214,104 115,106 106,107 ING VP Index Plus MidCap 11,890 7,151 5,587 2,436 ING VP Index Plus SmallCap 8,976 6,252 2,924 1,607 ING VP International Equity 46,107 46,993 46,170 45,585 ING VP Small Company 116,436 108,833 77,290 62,327 ING VP Technology 23,571 23,226 19,487 14,055 ING VP Value Opportunity 26,750 29,060 18,600 7,927 ING Variable Products Trust: ING VP Growth Opportunities - Class R 864 463 - - ING VP Growth Opportunities - Class S 278 238 187 44 ING VP International Value 523 70 - - ING VP MagnaCap - Class R 33 - - - ING VP MagnaCap - Class S 879 689 454 29 ING VP MidCap Opportunities - Class R 78 1 - - ING VP MidCap Opportunities - Class S 4,360 2,084 1,863 997 ING VP SmallCap Opportunities - Class R 265 193 - - ING VP SmallCap Opportunities - Class S 3,798 2,346 2,039 666 Janus Aspen Series: Janus Aspen Aggressive Growth 141,416 169,207 83,655 112,904 Janus Aspen Balanced 225,500 247,280 34,727 20,193 Janus Aspen Flexible Income 31,418 28,299 11,219 6,290 Janus Aspen Growth 150,997 186,962 41,962 65,695 Janus Aspen Worldwide Growth 323,687 376,352 84,870 128,755 Lord Abbett Funds: Lord Abbett Growth and Income 442 1 - - Lord Abbett MidCap Value 805 284 - - MFS Funds: MFS Global Governments 3,217 2,355 1,276 1,083 MFS Total Return 119,828 113,668 38,490 4,276 Oppenheimer Variable Account Funds: Oppenheimer Aggressive Growth 64,141 69,661 68,878 58,475 Oppenheimer Global Securities 20,873 17,437 7,967 4,589 Oppenheimer Main Street Growth & Income 70,215 74,433 11,707 6,098 Oppenheimer Strategic Bond 38,679 34,794 9,644 3,697 Pioneer Variable Contracts Trust: Pioneer Equity Income VCT 165 5 - - Pioneer VCT 1 - - - Pioneer Mid Cap Value VCT 82 42 - - Prudential Series Fund, Inc.: Prudential Jennison 2,065 2,060 1,222 507 SP Jennison International Growth 2,655 2,449 770 684
69 6. CHANGES IN UNITS The changes in units outstanding were as follows:
YEAR ENDED DECEMBER 31, 2002 2001 ----------------------------------- NET UNITS ISSUED NET UNITS ISSUED (REDEEMED) (REDEEMED) ---------------------------------- AIM V.I. Funds: AIM V.I. Capital Appreciation (366,408) 514,760 AIM V.I. Core Equity (748,286) 456,934 AIM V.I. Government Securities 1,319,594 797,417 AIM V.I. Growth (842,874) 591,129 AIM V.I. Premier Equity (1,440,923) 6,787,724 Alger American Funds: Alger American Balanced (31,808) (38,822) Alger American Income & Growth (86,313) (107,145) Alger American Leveraged AllCap (61,140) (92,253) Alliance Funds: Alliance Growth and Income 63,544 2,703,504 Alliance Premier Growth 2,737 989,444 Alliance Quasar 12,434 106,602 American Century VP Funds: American Century VP Balanced (21,928) (29,454) American Century VP International (53,475) (44,530) Brinson Series Funds: Brinson Growth & Income - (92,381) Brinson Small Cap - (15,656) Brinson Tactical Allocation (180,912) 416,605
70 Calvert Social Balanced 9,032 (17,551) Federated Insurance Series: Federated American Leaders (802,047) (583,244) Federated Equity Income (349,138) (305,498) Federated Fund for U.S. Government Securities 5,984 (3,295) Federated Growth Strategies (353,291) (260,952) Federated High Income Bond (311,614) (411,220) Federated International Equity (215,775) (210,789) Federated Prime Money (112,344) (7,126) Federated Utility (270,317) (226,436) Fidelity(R) Variable Insurance Products Fund: Fidelity(R) VIP Equity-Income (690,353) 1,774,965 Fidelity(R) VIP Growth (1,160,706) 1,166,480 Fidelity(R) VIP High Income (483,340) (7,252) Fidelity(R) VIP Overseas (115,998) (101,429)
71
YEAR ENDED DECEMBER 31, 2002 2001 ----------------------------------- NET UNITS ISSUED NET UNITS ISSUED (REDEEMED) (REDEEMED) ---------------------------------- Fidelity Variable Insurance Products Fund II: Fidelity(R) VIP II ASSET MANAGER(SM) (103,131) (162,242) Fidelity(R) VIP II Contrafund(R) (705,725) (484,033) Fidelity(R) VIP II Index 500 (835,328) (711,188) Fidelity(R) VIP II Investment Grade Bond (29,946) (61,301) Franklin Templeton Variable Insurance Products Trust: Franklin Small Cap Value Securities 39,416 - ING GET Fund: ING GET Fund - Series C - (332,642) ING GET Fund - Series D (1,502,708) (1,021,289) ING GET Fund - Series E (3,020,220) (3,037,122) ING GET Fund - Series G (1,275,410) (1,469,116) ING GET Fund - Series H (1,368,020) (867,644) ING GET Fund - Series I (633,744) (510,638) ING GET Fund - Series J (606,080) (487,793) ING GET Fund - Series K (1,044,318) (275,902) ING GET Fund - Series L (566,108) 8,042,502
72 ING GET Fund - Series M (972,717) 12,530,623 ING GET Fund - Series N (1,199,074) 10,180,844 ING GET Fund - Series P (608,071) 8,287,579 ING GET Fund - Series Q 5,298,242 162,043 ING GET Fund - Series R 4,312,314 - ING GET Fund - Series S 5,334,290 - ING GET Fund - Series T 3,907,841 - ING GET Fund - Series U 50,278 - ING VP Balanced (1,231,538) (31,417) ING VP Bond 413,356 2,657,410 ING VP Emerging Markets (26,185) (27,794) ING VP Money Market (2,485,092) 6,113,512 ING VP Natural Resources (31,200) (26,923) ING Generations Portfolio, Inc.: ING VP Strategic Allocation Balanced (104,759) (150,126) ING VP Strategic Allocation Growth (62,890) (115,234) ING VP Strategic Allocation Income (143,555) (137,472) ING Partners, Inc.: ING Alger Aggressive Growth 24,342 - ING Alger Growth 1,297 - ING American Century Small Cap Value 19,821 - ING Baron Small Cap Growth 21,310 - ING Goldman Sachs Capital Growth 2,242 -
73
YEAR ENDED DECEMBER 31, 2002 2001 ----------------------------------- NET UNITS ISSUED NET UNITS ISSUED (REDEEMED) (REDEEMED) ---------------------------------- ING Partners, Inc. (continued): ING JP Morgan Fleming International 17,057 440,496 ING JP Morgan Mid Cap Value 9,450 - ING MFS Capital Opportunities (840,713) 662,303 ING MFS Global Growth 168 - ING MFS Research (1,203,069) (385,928) ING OpCap Balanced Value 1,825 - ING PIMCO Total Return 118,777 - ING Salomon Brothers Aggressive Growth (1,425,104) (532,114) ING Salomon Brothers Capital 655 - ING Salomon Brothers Investors Value 1,835 - ING T. Rowe Price Growth Equity (562,460) (481,925) ING UBS Tactical Asset Allocation 53 - ING Van Kampen Comstock 38,291 - ING Variable Funds: ING VP Growth and Income (4,914,917) (3,837,503) ING Variable Portfolios, Inc.: ING VP Growth (944,382) (557,260) ING VP Index Plus LargeCap (1,975,577) 334,278 ING VP Index Plus MidCap 293,309 179,712 ING VP Index Plus SmallCap 238,930 90,802 ING VP International Equity (117,376) 90,389
74 ING VP Small Company 398,526 999,271 ING VP Technology (95,211) 951,241 ING VP Value Opportunity (168,461) 477,971 ING Variable Products Trust: ING VP Growth Opportunities - Class R 63,829 - ING VP Growth Opportunities - Class S 5,464 17,720 ING VP International Value 49,414 - ING VP MagnaCap - Class R 3,913 - ING VP MagnaCap - Class S 22,872 46,176 ING VP MidCap Opportunities - Class R 10,923 - ING VP MidCap Opportunities - Class S 315,913 102,249 ING VP SmallCap Opportunities - Class R (139,170) 150,882 ING VP SmallCap Opportunities - Class S 376,449 - Janus Aspen Series: Janus Aspen Aggressive Growth (2,540,697) (691,812) Janus Aspen Balanced (1,543,962) 1,254,108 Janus Aspen Flexible Income 123,393 232,337 Janus Aspen Growth (3,008,365) (1,173,398) Janus Aspen Worldwide Growth (3,807,460) (863,462)
75
YEAR ENDED DECEMBER 31, 2002 2001 ----------------------------------- NET UNITS ISSUED NET UNITS ISSUED (REDEEMED) (REDEEMED) ---------------------------------- Lord Abbett Funds: Lord Abbett Growth and Income 53,538 - Lord Abbett MidCap Value 54,692 - MFS(R) Funds: MFS(R) Global Governments 71,900 13,722 MFS(R) Total Return 404,893 2,634,447 Oppenheimer Variable Account Funds: Oppenheimer Aggressive Growth (616,159) 1,508,913 Oppenheimer Global Securities 197,129 96,835 Oppenheimer Main Street Growth & Income (523,616) 527,060 Oppenheimer Strategic Bond 151,517 441,109 Pioneer Variable Contracts Trust: Pioneer Equity Income VCT 19,140 - Pioneer VCT 172 - Pioneer Mid Cap Value VCT 3,470 - Prudential Series Fund, Inc.: Prudential Jennison (10,806) 81,476 SP Jennison International Growth 29,475 7,897
76 7. UNIT SUMMARY A summary of units outstanding at December 31, 2002 follows:
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- AIM V.I. CAPITAL APPRECIATION Currently payable annuity contracts: $ 430,696 Contracts in accumulation period: Non-Qualified V 7,141.870 $ 6.85 48,922 Non-Qualified V (0.75) 117,784.846 6.98 822,138 Non-Qualified XII 756.497 6.96 5,265 Non-Qualified XIII 501,618.196 7.37 3,696,926 Non-Qualified XIV 657,037.276 7.27 4,776,661 Non-Qualified XV 329,702.890 7.23 2,383,752 Non-Qualified XVI 224,043.766 4.33 970,110 Non-Qualified XVII 580.253 7.07 4,102 Non-Qualified XVIII 158,970.137 4.28 680,392 Non-Qualified XIX 235,584.768 4.30 1,013,015 --------------- --------------- 2,233,220.499 $ 14,831,979 =============== =============== AIM V.I. CORE EQUITY Currently payable annuity contracts: $ 3,159,134 Contracts in accumulation period: Non-Qualified V 41,012.179 $ 6.28 257,556 Non-Qualified V (0.75) 100,702.786 6.40 644,498 Non-Qualified IX 2,325.916 6.22 14,467 Non-Qualified XII 866.371 6.39 5,536 Non-Qualified XIII 948,642.123 7.67 7,276,085 Non-Qualified XIV 1,538,823.386 7.57 11,648,893 Non-Qualified XV 507,916.587 7.52 3,819,533 Non-Qualified XVI 233,331.906 5.20 1,213,326 Non-Qualified XVIII 105,523.130 5.14 542,389 Non-Qualified XIX 263,337.768 5.16 1,358,823 --------------- --------------- 3,742,482.152 $ 29,940,240 =============== =============== AIM V.I. GOVERNMENT SECURITIES Contracts in accumulation period: Non-Qualified XIII 590,033.975 $ 12.36 $ 7,292,820 Non-Qualified XIV 768,636.365 12.26 9,423,482 Non-Qualified XV 283,516.080 12.21 3,461,731 Non-Qualified XVI 175,024.768 11.77 2,060,042 Non-Qualified XVIII 61,958.666 11.65 721,818 Non-Qualified XIX 259,823.060 11.69 3,037,332 --------------- --------------- 2,138,992.914 $ 25,997,225 =============== =============== AIM V.I. GROWTH Currently payable annuity contracts: $ 651,633 Contracts in accumulation period: Non-Qualified V 17,754.161 $ 4.22 74,923 Non-Qualified V (0.75) 108,862.037 4.30 468,107
77
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- AIM V.I. GROWTH (CONTINUED) Non-Qualified XII 1,037.684 $ 4.29 $ 4,452 Non-Qualified XIII 753,288.092 5.09 3,834,236 Non-Qualified XIV 1,178,462.059 5.02 5,915,880 Non-Qualified XV 372,278.087 4.99 1,857,668 Non-Qualified XVI 164,058.196 3.37 552,876 Non-Qualified XVIII 111,965.966 3.34 373,966 Non-Qualified XIX 361,313.751 3.35 1,210,401 --------------- --------------- 3,069,390.342 $ 14,945,690 =============== =============== AIM V.I. PREMIER EQUITY Currently payable annuity contracts: $ 2,348,435 Contracts in accumulation period: Non-Qualified V 17,054.546 $ 5.77 98,405 Non-Qualified V (0.75) 97,537.305 5.88 573,519 Non-Qualified IX 50.112 5.71 286 Non-Qualified XII 1,139.580 5.86 6,678 Non-Qualified XIII 1,508,348.111 6.91 10,422,685 Non-Qualified XIV 2,427,698.196 6.82 16,556,902 Non-Qualified XV 868,527.131 6.77 5,879,929 Non-Qualified XVI 341,816.310 5.21 1,780,863 Non-Qualified XVII 476.985 6.02 2,871 Non-Qualified XVIII 143,877.432 5.16 742,408 Non-Qualified XIX 562,473.154 5.18 2,913,611 --------------- --------------- 5,968,998.862 $ 41,326,592 =============== =============== ALGER AMERICAN BALANCED Contracts in accumulation period: Non-Qualified VII 120,391.551 $ 21.40 $ 2,576,379 --------------- --------------- 120,391.551 $ 2,576,379 =============== =============== ALGER AMERICAN INCOME & GROWTH Contracts in accumulation period: Non-Qualified VII 356,258.045 $ 17.31 $ 6,166,827 --------------- --------------- 356,258.045 $ 6,166,827 =============== =============== ALGER AMERICAN LEVERAGED ALLCAP Contracts in accumulation period: Non-Qualified VII 327,132.695 $ 17.49 $ 5,721,551 Non-Qualified VIII 167.794 12.87 2,160 --------------- --------------- 327,300.489 $ 5,723,711 =============== =============== ALLIANCE GROWTH AND INCOME Contracts in accumulation period: Non-Qualified XIII 826,949.294 $ 7.77 $ 6,425,396 Non-Qualified XIV 882,219.483 7.71 6,801,912
78
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ALLIANCE GROWTH AND INCOME (CONTINUED) Non-Qualified IX 370.309 $ 4.18 $ 1,548 Non-Qualified XV 356,243.025 7.68 2,735,946 Non-Qualified XVI 380,962.591 7.89 3,005,795 Non-Qualified XVIII 84,109.046 7.81 656,892 Non-Qualified XIX 324,306.091 7.84 2,542,560 --------------- --------------- 2,854,789.530 $ 22,168,501 =============== =============== ALLIANCE PREMIER GROWTH Contracts in accumulation period: Non-Qualified XIII 366,995.250 $ 4.29 $ 1,574,410 Non-Qualified XIV 306,904.215 4.26 1,307,412 Non-Qualified XV 138,234.900 4.24 586,116 Non-Qualified XVI 201,714.666 4.57 921,836 Non-Qualified XVIII 83,613.201 4.52 377,932 Non-Qualified XIX 235,804.351 4.54 1,070,552 --------------- --------------- 1,333,266.583 $ 5,838,258 =============== =============== ALLIANCE QUASAR Contracts in accumulation period: Non-Qualified XIII 42,353.535 $ 5.55 $ 235,062 Non-Qualified XIV 30,165.049 5.51 166,209 Non-Qualified XV 10,982.404 5.49 60,293 Non-Qualified XVI 13,238.968 4.97 65,798 Non-Qualified XVIII 5,280.521 4.91 25,927 Non-Qualified XIX 26,431.352 4.93 130,307 --------------- --------------- 128,451.829 $ 683,596 =============== =============== AMERICAN CENTURY(R) VP BALANCED Contracts in accumulation period: Non-Qualified VII 96,051.803 $ 15.44 $ 1,483,040 --------------- --------------- 96,051.803 $ 1,483,040 =============== =============== AMERICAN CENTURY(R) VP INTERNATIONAL Contracts in accumulation period: Non-Qualified VII 130,913.859 $ 11.74 $ 1,536,929 Non-Qualified VIII 181.976 10.68 1,944 --------------- --------------- 131,095.835 $ 1,538,873 =============== =============== BRINSON SERIES TACTICAL ALLOCATION Contracts in accumulation period: Non-Qualified XIII 198,037.849 $ 6.83 $ 1,352,599 Non-Qualified XIV 964,639.557 6.75 6,511,317 Non-Qualified XV 94,577.105 6.71 634,612 Non-Qualified XVI 81,758.493 6.26 511,808 Non-Qualified XVIII 40,585.885 6.19 251,227 Non-Qualified XIX 74,438.589 6.22 463,008 --------------- --------------- 1,454,037.478 $ 9,724,571 =============== ===============
79
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- CALVERT SOCIAL BALANCED Contracts in accumulation period: Non-Qualified V 5,689.041 $ 17.26 $ 98,193 Non-Qualified V (0.75) 15,357.764 17.86 274,290 Non-Qualified VII 79,520.147 9.61 764,189 Non-Qualified VIII 65,982.625 9.68 638,712 --------------- --------------- 166,549.577 $ 1,775,384 =============== =============== FEDERATED AMERICAN LEADERS Currently payable annuity contracts: $ 98,634 Contracts in accumulation period: Non-Qualified VII 2,712,272.577 $ 18.56 50,339,779 Non-Qualified VIII 7,506.773 13.39 100,516 --------------- --------------- 2,719,779.350 $ 50,538,929 =============== =============== FEDERATED EQUITY INCOME Currently payable annuity contracts: $ 88,391 Contracts in accumulation period: Non-Qualified VII 1,035,144.898 $ 9.83 10,175,474 --------------- --------------- 1,035,144.898 $ 10,263,865 =============== =============== FEDERATED FUND FOR US GOVERNMENT SECURITIES Contracts in accumulation period: Non-Qualified VII 825,678.064 $ 15.35 $ 12,674,158 --------------- --------------- 825,678.064 $ 12,674,158 =============== =============== FEDERATED GROWTH STRATEGIES Contracts in accumulation period: Non-Qualified VII 764,148.738 $ 13.63 $ 10,415,347 --------------- --------------- 764,148.738 $ 10,415,347 =============== =============== FEDERATED HIGH INCOME BOND Currently payable annuity contracts: $ 18,044 Contracts in accumulation period: Non-Qualified VII 1,236,035.841 $ 13.48 16,661,763 Non-Qualified VIII 299.808 11.49 3,445 --------------- --------------- 1,236,335.649 $ 16,683,252 =============== =============== FEDERATED INTERNATIONAL EQUITY Currently payable annuity contracts: $ 44,915 Contracts in accumulation period: Non-Qualified VII 550,927.936 $ 10.85 5,977,568 Non-Qualified VIII 125.653 10.03 1,260 --------------- --------------- 551,053.589 $ 6,023,743 =============== ===============
80
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- FEDERATED PRIME MONEY Contracts in accumulation period: Non-Qualified VII 582,531.577 $ 12.68 $ 7,386,500 --------------- --------------- 582,531.577 $ 7,386,500 =============== =============== FEDERATED UTILITY Currently payable annuity contracts: $ 25,722 Contracts in accumulation period: Non-Qualified VII 652,466.859 $ 10.72 6,994,445 Non-Qualified VIII 64.474 8.94 576 --------------- --------------- 652,531.333 $ 7,020,743 =============== =============== FIDELITY(R) VIP EQUITY-INCOME Contracts in accumulation period: Non-Qualified V 362,704.384 $ 15.06 $ 5,462,328 Non-Qualified V (0.75) 686,999.409 15.59 10,710,321 Non-Qualified VII 3,974,733.140 17.95 71,346,460 Non-Qualified VIII 820,645.762 12.93 10,610,950 Non-Qualified IX 13,069.093 14.85 194,076 Non-Qualified X 28,494.416 15.06 429,126 Non-Qualified XII 8,583.989 8.90 76,398 Non-Qualified XIII 1,734,825.032 8.68 15,058,281 Non-Qualified XIV 2,273,946.636 8.56 19,464,983 Non-Qualified XV 665,353.799 8.51 5,662,161 Non-Qualified XVI 416,662.296 8.17 3,404,131 Non-Qualified XVIII 51,426.657 8.08 415,527 Non-Qualified XIX 442,137.016 8.11 3,585,731 --------------- --------------- 11,479,581.629 $ 146,420,473 =============== =============== FIDELITY(R) VIP GROWTH Contracts in accumulation period: Non-Qualified V 424,020.409 $ 12.83 $ 5,440,182 Non-Qualified V (0.75) 733,179.043 13.28 9,736,618 Non-Qualified VII 2,620,006.788 17.54 45,954,919 Non-Qualified VIII 587,469.554 11.66 6,849,895 Non-Qualified IX 9,053.810 12.65 114,531 Non-Qualified X 16,200.041 12.83 207,847 Non-Qualified XII 12,915.092 8.02 103,579 Non-Qualified XIII 1,714,740.719 6.30 10,802,867 Non-Qualified XIV 1,513,916.283 6.23 9,431,698 Non-Qualified XV 531,767.553 6.20 3,296,959 Non-Qualified XVI 678,024.059 4.78 3,240,955 Non-Qualified XVII 336.432 13.23 4,451 Non-Qualified XVIII 101,766.189 4.73 481,354 Non-Qualified XIX 529,193.848 4.75 2,513,671 --------------- --------------- 9,472,589.820 $ 98,179,526 =============== ===============
81
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- FIDELITY(R) VIP HIGH INCOME Currently payable annuity contracts: $ 1,217,405 Contracts in accumulation period: Non-Qualified VII 1,611,770.135 $ 9.53 15,360,169 Non-Qualified VIII 389,529.941 8.59 3,346,062 Non-Qualified XIII 893,039.712 6.59 5,885,132 Non-Qualified XIV 908,261.072 6.51 5,912,780 Non-Qualified XV 390,975.879 6.46 2,525,704 Non-Qualified XVI 102,212.069 7.51 767,613 Non-Qualified XVIII 55,374.736 7.43 411,434 Non-Qualified XIX 138,088.943 7.46 1,030,144 --------------- --------------- 4,489,252.487 $ 36,456,443 =============== =============== FIDELITY(R) VIP OVERSEAS Contracts in accumulation period: Non-Qualified V 41,583.740 $ 9.51 $ 395,461 Non-Qualified V (0.75) 183,724.044 9.84 1,807,845 Non-Qualified VII 392,647.462 10.42 4,091,387 Non-Qualified VIII 35,340.601 8.88 313,825 Non-Qualified IX 837.068 9.37 7,843 Non-Qualified XII 60.449 6.85 414 --------------- --------------- 654,193.364 $ 6,616,775 =============== =============== FIDELITY(R) VIP ASSET MANAGERSM Contracts in accumulation period: Non-Qualified VII 593,741.050 $ 15.71 $ 9,327,672 Non-Qualified VIII 133,917.999 13.13 1,758,343 --------------- --------------- 727,659.049 $ 11,086,015 =============== =============== FIDELITY(R) VIP CONTRAFUND(R) Contracts in accumulation period: Non-Qualified V 368,355.545 $ 17.33 $ 6,383,602 Non-Qualified V (0.75) 690,400.658 17.93 12,378,884 Non-Qualified VII 3,334,536.314 19.08 63,622,953 Non-Qualified VIII 590,671.796 15.35 9,066,812 Non-Qualified IX 24,256.016 17.08 414,293 Non-Qualified X 18,503.380 17.33 320,664 Non-Qualified XII 19,242.185 10.00 192,422 Non-Qualified XIII 2,018,021.570 9.36 18,888,682 Non-Qualified XIV 2,369,433.895 9.23 21,869,875 Non-Qualified XV 842,282.760 9.17 7,723,733 Non-Qualified XVI 267,452.170 7.29 1,949,726 Non-Qualified XVII 5,100.638 19.81 101,044 Non-Qualified XVIII 79,561.408 7.22 574,433 Non-Qualified XIX 281,388.712 7.24 2,037,254 Non-Qualified XX 2,694.843 17.33 46,702 --------------- --------------- 10,911,901.890 $ 145,571,079 =============== ===============
82
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- FIDELITY(R) VIP INDEX 500 Contracts in accumulation period: Non-Qualified VII 3,363,853.383 $ 16.04 $ 53,956,208 Non-Qualified VIII 761,472.493 13.44 10,234,190 --------------- --------------- 4,125,325.876 $ 64,190,398 =============== =============== FIDELITY(R) VIP INVESTMENT GRADE BOND Contracts in accumulation period: Non-Qualified VII 186,316.058 $ 15.49 $ 2,886,036 Non-Qualified VIII 281.071 15.17 4,264 --------------- --------------- 186,597.129 $ 2,890,300 =============== =============== FRANKLIN SMALL CAP VALUE SECURITIES Contracts in accumulation period: Non-Qualified V 19,632.225 $ 9.22 $ 181,009 Non-Qualified V (0.75) 19,783.954 9.29 183,793 --------------- --------------- 39,416.179 $ 364,802 =============== =============== ING GET FUND - SERIES D Contracts in accumulation period: Non-Qualified V 1,438,091.944 $ 10.15 $ 14,596,633 Non-Qualified V (0.75) 903,871.339 10.37 9,373,146 Non-Qualified VII 3,071,344.110 10.08 30,959,149 Non-Qualified VIII 1,556,538.084 10.16 15,814,427 Non-Qualified IX 306.257 10.04 3,075 Non-Qualified X 134,431.816 10.15 1,364,483 Non-Qualified XIII 1,316,941.837 10.28 13,538,162 Non-Qualified XIV 1,414,759.922 10.15 14,359,813 Non-Qualified XV 365,594.021 10.09 3,688,844 --------------- --------------- 10,201,879.330 $ 103,697,732 =============== =============== ING GET FUND - SERIES E Contracts in accumulation period: Non-Qualified V 1,401,276.150 $ 10.32 $ 14,461,170 Non-Qualified V (0.75) 181,392.356 10.51 1,906,434 Non-Qualified VII 2,888,646.116 10.18 29,406,417 Non-Qualified VIII 370,683.850 10.23 3,792,096 Non-Qualified X 106,195.475 10.33 1,096,999 Non-Qualified XIII 8,419,319.065 10.34 87,055,759 Non-Qualified XIV 7,556,647.083 10.23 77,304,500 Non-Qualified XV 6,028,823.299 10.18 61,373,421 --------------- --------------- 26,952,983.394 $ 276,396,796 =============== =============== ING GET FUND - SERIES G Contracts in accumulation period: Non-Qualified V 155,561.048 $ 10.24 $ 1,592,945 Non-Qualified V (0.75) 160,536.151 10.41 1,671,181
83
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING GET FUND - SERIES G (CONTINUED) Non-Qualified VII 2,096,429.634 $ 10.11 $ 21,194,904 Non-Qualified VIII 268,123.792 10.16 2,724,138 Non-Qualified X 11,531.076 10.25 118,194 Non-Qualified XIII 4,441,901.240 10.26 45,573,907 Non-Qualified XIV 6,066,389.974 10.16 61,634,522 Non-Qualified XV 2,904,738.963 10.11 29,366,911 --------------- --------------- 16,105,211.878 $ 163,876,702 =============== =============== ING GET FUND - SERIES H Contracts in accumulation period: Non-Qualified V 88,397.575 $ 10.31 $ 911,379 Non-Qualified V (0.75) 49,236.815 10.46 515,017 Non-Qualified VII 1,241,029.239 10.18 12,633,678 Non-Qualified VIII 98,421.437 10.23 1,006,851 Non-Qualified IX 430.483 10.23 4,404 Non-Qualified X 989.734 10.31 10,204 Non-Qualified XIII 4,103,205.698 10.32 42,345,083 Non-Qualified XIV 4,210,476.009 10.23 43,073,170 Non-Qualified XV 2,073,012.107 10.18 21,103,263 --------------- --------------- 11,865,199.097 $ 121,603,049 =============== =============== ING GET FUND - SERIES I Contracts in accumulation period: Non-Qualified VII 346,004.672 $ 10.10 $ 3,494,647 Non-Qualified VIII 27,192.295 10.15 276,002 Non-Qualified XIII 2,619,267.030 10.23 26,795,102 Non-Qualified XIV 3,163,705.087 10.15 32,111,607 Non-Qualified XV 2,118,944.962 10.10 21,401,344 --------------- --------------- 8,275,114.046 $ 84,078,702 =============== =============== ING GET FUND - SERIES J Contracts in accumulation period: Non-Qualified VII 197,504.225 $ 10.05 $ 1,984,917 Non-Qualified VIII 36,671.736 10.09 370,018 Non-Qualified XIII 1,932,011.749 10.17 19,648,559 Non-Qualified XIV 3,119,385.286 10.09 31,474,598 Non-Qualified XV 1,827,477.880 10.05 18,366,153 --------------- --------------- 7,113,050.876 $ 71,844,245 =============== =============== ING GET FUND - SERIES K Contracts in accumulation period: Non-Qualified VII 73,297.874 $ 10.13 $ 742,507 Non-Qualified VIII 4,919.630 10.17 50,033 Non-Qualified XIII 1,382,151.705 10.24 14,153,233 Non-Qualified XIV 1,605,395.953 10.17 16,326,877 Non-Qualified XV 869,098.605 10.13 8,803,969 Non-Qualified XVI 1,584,792.554 10.09 15,990,557
84
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING GET FUND - SERIES K (CONTINUED) Non-Qualified XVIII 1,116,196.526 $ 9.99 $ 11,150,803 Non-Qualified XIX 1,401,405.466 10.02 14,042,083 --------------- --------------- 8,037,258.313 $ 81,260,062 =============== =============== ING GET FUND - SERIES L Contracts in accumulation period: Non-Qualified VII 92,268.385 $ 10.00 $ 922,684 Non-Qualified VIII 28,661.448 10.03 287,474 Non-Qualified XIII 1,400,377.299 10.09 14,129,807 Non-Qualified XIV 882,418.325 10.03 8,850,656 Non-Qualified XV 785,079.376 10.00 7,850,794 Non-Qualified XVI 1,879,134.201 9.99 18,772,551 Non-Qualified XVIII 1,020,237.568 9.89 10,090,150 Non-Qualified XIX 1,446,615.975 9.92 14,350,430 --------------- --------------- 7,534,792.577 $ 75,254,546 =============== =============== ING GET FUND - SERIES M Contracts in accumulation period: Non-Qualified VII 186,412.625 $ 10.00 $ 1,864,126 Non-Qualified VIII 17,605.832 10.02 176,410 Non-Qualified XIII 1,492,510.501 10.08 15,044,506 Non-Qualified XIV 1,434,017.677 10.02 14,368,857 Non-Qualified XV 705,761.298 10.00 7,057,613 Non-Qualified XVI 3,827,410.385 9.99 38,235,830 Non-Qualified XVIII 1,775,880.501 9.91 17,598,976 Non-Qualified XIX 2,118,307.184 9.93 21,034,790 --------------- --------------- 11,557,906.003 $ 115,381,108 =============== =============== ING GET FUND - SERIES N Contracts in accumulation period: Non-Qualified VII 459,369.278 $ 10.05 $ 4,616,661 Non-Qualified VIII 2,237.858 10.07 22,535 Non-Qualified XIII 1,205,119.919 10.12 12,195,814 Non-Qualified XIV 848,334.273 10.07 8,542,726 Non-Qualified XV 533,675.137 10.05 5,363,435 Non-Qualified XVI 3,034,794.505 10.04 30,469,337 Non-Qualified XVIII 1,030,556.991 9.97 10,274,653 Non-Qualified XIX 1,867,681.749 9.99 18,658,141 --------------- --------------- 8,981,769.710 $ 90,143,302 =============== =============== ING GET FUND - SERIES P Contracts in accumulation period: Non-Qualified VII 515,693.266 $ 9.95 $ 5,131,148 Non-Qualified VIII 54,056.942 9.97 538,948 Non-Qualified XIII 988,745.270 10.01 9,897,340 Non-Qualified XIV 597,369.796 9.97 5,955,777 Non-Qualified XV 401,832.774 9.95 3,998,236
85
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING GET FUND - SERIES P (CONTINUED) Non-Qualified XVI 2,173,193.416 $ 9.95 $ 21,623,274 Non-Qualified XVIII 1,588,963.354 9.89 15,714,848 Non-Qualified XIX 1,359,653.242 9.91 13,474,164 --------------- --------------- 7,679,508.060 $ 76,333,735 =============== =============== ING GET FUND - SERIES Q Contracts in accumulation period: Non-Qualified VII 255,562.411 $ 10.05 $ 2,568,402 Non-Qualified VIII 28,688.221 10.07 288,890 Non-Qualified XIII 831,795.799 10.10 8,401,138 Non-Qualified XIV 528,587.177 10.07 5,322,873 Non-Qualified XV 197,153.922 10.05 1,981,397 Non-Qualified XVI 1,577,133.032 10.04 15,834,416 Non-Qualified XVIII 560,993.401 10.00 5,609,934 Non-Qualified XIX 1,480,370.543 10.01 14,818,509 --------------- --------------- 5,460,284.506 $ 54,825,559 =============== =============== ING GET FUND - SERIES R Contracts in accumulation period: Non-Qualified VII 116,201.136 $ 10.10 $ 1,173,631 Non-Qualified VIII 31,906.082 10.12 322,890 Non-Qualified XIII 874,285.963 10.14 8,865,260 Non-Qualified XIV 365,660.994 10.12 3,700,489 Non-Qualified XV 101,169.656 10.10 1,021,814 Non-Qualified XVI 1,142,979.457 10.10 11,544,093 Non-Qualified XVIII 364,760.117 10.06 3,669,487 Non-Qualified XIX 1,315,350.494 10.08 13,258,733 --------------- --------------- 4,312,313.899 $ 43,556,397 =============== =============== ING GET FUND - SERIES S Contracts in accumulation period: Non-Qualified V 25,318.365 $ 10.06 $ 254,703 Non-Qualified V (0.75) 363,762.474 10.08 3,666,726 Non-Qualified VII 443,770.184 10.04 4,455,453 Non-Qualified VIII 146,702.345 10.05 1,474,359 Non-Qualified XII 1,863.085 10.08 18,780 Non-Qualified XIII 666,365.791 10.07 6,710,304 Non-Qualified XIV 430,412.940 10.05 4,325,650 Non-Qualified XV 181,463.051 10.04 1,821,889 Non-Qualified XVI 1,153,141.624 10.04 11,577,542 Non-Qualified XVIII 533,195.480 10.01 5,337,287 Non-Qualified XIX 1,388,294.852 10.02 13,910,714 --------------- --------------- 5,334,290.191 $ 53,553,407 =============== ===============
86
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING GET FUND - SERIES T Contracts in accumulation period: Non-Qualified VII 269,746.236 $ 10.08 $ 2,719,042 Non-Qualified VIII 34,715.641 10.08 349,934 Non-Qualified XIII 526,476.619 10.09 5,312,149 Non-Qualified XIV 378,188.886 10.08 3,812,144 Non-Qualified XV 121,313.226 10.08 1,222,837 Non-Qualified XVI 1,082,294.692 10.08 10,909,530 Non-Qualified XVIII 285,984.756 10.06 2,877,007 Non-Qualified XIX 1,209,121.268 10.07 12,175,851 --------------- --------------- 3,907,841.324 $ 39,378,494 =============== =============== ING GET FUND - SERIES U Contracts in accumulation period: Non-Qualified VII 6,141.747 $ 10.00 $ 61,417 Non-Qualified XIII 9,296.975 10.00 92,970 Non-Qualified XIV 13,986.861 10.00 139,869 Non-Qualified XIX 20,852.140 9.99 208,313 --------------- --------------- 50,277.723 $ 502,569 =============== =============== ING VP BALANCED Currently payable annuity contracts: $ 35,523,696 Contracts in accumulation period: Non-Qualified V 1,483,863.331 $ 20.25 30,048,232 Non-Qualified V (0.75) 986,778.536 20.95 20,673,010 Non-Qualified VI 20,703.131 17.07 353,402 Non-Qualified VII 1,497,149.388 19.73 29,538,757 Non-Qualified VIII 342,040.301 14.04 4,802,246 Non-Qualified IX 14,551.892 19.96 290,456 Non-Qualified X 226,170.671 20.53 4,643,284 Non-Qualified XI 2,742.037 17.31 47,465 Non-Qualified XII 4,113.357 9.93 40,846 Non-Qualified XIII 993,956.078 9.66 9,601,616 Non-Qualified XIV 701,902.194 9.53 6,689,128 Non-Qualified XV 324,405.934 9.46 3,068,880 Non-Qualified XVI 241,434.783 7.95 1,919,407 Non-Qualified XVII 32.139 26.80 861 Non-Qualified XVIII 77,191.932 7.87 607,501 Non-Qualified XIX 128,993.349 7.90 1,019,047 --------------- --------------- 7,046,029.053 $ 148,867,834 =============== =============== ING VP BOND Currently payable annuity contracts: $ 14,449,620 Contracts in accumulation period: Non-Qualified V 807,470.040 $ 17.40 14,049,979 Non-Qualified V (0.75) 1,401,270.288 18.01 25,236,878 Non-Qualified VI 53,398.857 15.94 851,178 Non-Qualified VII 2,475,953.642 16.96 41,992,174
87
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING VP BOND (CONTINUED) Non-Qualified VIII 624,874.822 $ 14.52 $ 9,073,182 Non-Qualified IX 13,059.853 17.16 224,107 Non-Qualified X 332,174.406 17.55 5,829,661 Non-Qualified XI 1,199.932 16.08 19,295 Non-Qualified XII 2,108.816 12.89 27,183 Non-Qualified XIII 1,452,812.389 12.73 18,494,302 Non-Qualified XIV 1,436,808.048 12.56 18,046,309 Non-Qualified XV 534,744.241 12.48 6,673,608 Non-Qualified XVI 473,229.681 11.98 5,669,292 Non-Qualified XVIII 72,408.196 11.86 858,761 Non-Qualified XIX 257,779.393 11.90 3,067,575 --------------- --------------- 9,939,292.604 $ 164,563,104 =============== =============== ING VP MONEY MARKET Currently payable annuity contracts: $ 9,973,094 Contracts in accumulation period: Non-Qualified V 1,044,246.011 $ 13.95 14,567,232 Non-Qualified V (0.75) 2,039,090.716 14.44 29,444,470 Non-Qualified VI 24,147.002 13.66 329,848 Non-Qualified VII 6,600,977.927 13.75 90,763,446 Non-Qualified VIII 1,031,857.646 12.51 12,908,539 Non-Qualified IX 8,794.115 13.76 121,007 Non-Qualified X 340,943.431 13.95 4,756,161 Non-Qualified XII 16,459.213 11.70 192,573 Non-Qualified XIII 3,154,101.390 11.59 36,556,035 Non-Qualified XIV 2,724,200.692 11.44 31,164,856 Non-Qualified XV 1,186,507.736 11.36 13,478,728 Non-Qualified XVI 727,898.933 10.40 7,570,149 Non-Qualified XVIII 207,159.936 10.30 2,133,747 Non-Qualified XIX 832,127.163 10.33 8,595,874 --------------- --------------- 19,938,511.911 $ 262,555,759 =============== =============== ING VP NATURAL RESOURCES Contracts in accumulation period: Non-Qualified V 38,147.559 $ 11.66 $ 444,801 Non-Qualified V (0.75) 20,936.663 12.07 252,706 Non-Qualified VII 74,794.455 11.48 858,640 Non-Qualified IX 32.032 11.50 368 Non-Qualified X 882.195 11.66 10,286 --------------- --------------- 134,792.904 $ 1,566,801 =============== =============== ING VP STRATEGIC ALLOCATION BALANCED Currently payable annuity contracts: $ 1,493,877 Contracts in accumulation period: Non-Qualified V 89,223.696 $ 13.37 1,192,921 Non-Qualified V (0.75) 145,424.762 13.84 2,012,679 Non-Qualified VII 589,474.191 13.21 7,786,954
88
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING VP STRATEGIC ALLOCATION BALANCED (CONTINUED) Non-Qualified VIII 139,965.786 $ 12.03 $ 1,683,788 Non-Qualified X 9,897.430 13.63 134,902 Non-Qualified XVII 2,852.790 13.63 38,884 --------------- --------------- 976,838.655 $ 14,344,005 =============== =============== ING VP STRATEGIC ALLOCATION GROWTH Currently payable annuity contracts: $ 493,542 Contracts in accumulation period: Non-Qualified V 72,637.199 $ 13.07 949,368 Non-Qualified V (0.75) 151,275.388 13.52 2,045,243 Non-Qualified VII 493,886.930 12.91 6,376,080 Non-Qualified VIII 97,671.315 11.55 1,128,104 Non-Qualified IX 670.338 12.88 8,634 Non-Qualified X 19,199.436 13.33 255,928 --------------- --------------- 835,340.606 $ 11,256,899 =============== =============== ING VP STRATEGIC ALLOCATION INCOME Currently payable annuity contracts: $ 3,142,767 Contracts in accumulation period: Non-Qualified V 88,782.076 $ 14.02 1,244,725 Non-Qualified V (0.75) 43,244.558 14.51 627,479 Non-Qualified VII 798,445.513 13.86 11,066,455 Non-Qualified VIII 283,367.875 12.99 3,680,949 Non-Qualified X 22,791.065 14.30 325,912 --------------- --------------- 1,236,631.087 $ 20,088,287 =============== =============== ING ALGER AGGRESSIVE GROWTH Contracts in accumulation period: Non-Qualified V 69.605 $ 7.31 $ 509 Non-Qualified V (0.75) 24,272.518 7.34 178,160 --------------- --------------- 24,342.123 $ 178,669 =============== =============== ING ALGER GROWTH Contracts in accumulation period: Non-Qualified V 169.817 $ 7.24 $ 1,229 Non-Qualified V (0.75) 1,127.269 7.26 8,184 --------------- --------------- 1,297.086 $ 9,413 =============== =============== ING AMERICAN CENTURY SMALL CAP VALUE Contracts in accumulation period: Non-Qualified V 6,554.415 $ 9.30 $ 60,956 Non-Qualified V (0.75) 9,661.639 8.11 78,356 Non-Qualified XX 3,605.133 9.30 33,528 --------------- --------------- 19,821.187 $ 172,840 =============== ===============
89
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING BARON SMALL CAP GROWTH Contracts in accumulation period: Non-Qualified V 6,056.996 $ 9.68 $ 58,632 Non-Qualified V (0.75) 13,543.464 8.72 118,099 Non-Qualified XX 1,709.418 9.68 16,547 --------------- --------------- 21,309.878 $ 193,278 =============== =============== ING GOLDMAN SACHS(R) CAPITAL GROWTH Contracts in accumulation period: Non-Qualified V (0.75) 1,589.626 $ 8.07 $ 12,828 Non-Qualified XII 652.397 8.07 5,265 --------------- --------------- 2,242.023 $ 18,093 =============== =============== ING JPMORGAN FLEMING INTERNATIONAL Currently payable annuity contracts: $ 725,145 Contracts in accumulation period: Non-Qualified V 216,774.890 $ 15.27 3,310,153 Non-Qualified V (0.75) 200,628.910 15.80 3,169,937 Non-Qualified VII 191,333.958 8.39 1,605,292 Non-Qualified VIII 68,657.317 8.45 580,154 Non-Qualified IX 3,903.746 15.05 58,751 Non-Qualified X 1,614.188 15.27 24,649 Non-Qualified XIII 868,695.784 6.79 5,898,444 Non-Qualified XIV 567,196.378 6.70 3,800,216 Non-Qualified XV 399,227.648 6.65 2,654,864 Non-Qualified XVI 289,603.614 5.68 1,644,949 Non-Qualified XVIII 10,991.066 5.62 61,770 Non-Qualified XIX 90,376.964 5.64 509,726 --------------- --------------- 2,909,004.463 $ 24,044,050 =============== =============== ING JPMORGAN MID CAP VALUE Contracts in accumulation period: Non-Qualified V 525.287 $ 9.17 $ 4,817 Non-Qualified V (0.75) 8,924.783 9.20 82,108 --------------- --------------- 9,450.070 $ 86,925 =============== =============== ING MFS CAPITAL OPPORTUNITIES Currently payable annuity contracts: $ 2,524,031 Contracts in accumulation period: Non-Qualified V 249,445.381 $ 18.73 4,672,112 Non-Qualified V (0.75) 180,680.003 19.38 3,501,578 Non-Qualified VII 846,006.622 8.84 7,478,699 Non-Qualified VIII 243,400.894 8.91 2,168,702 Non-Qualified IX 3,746.424 18.46 69,159 Non-Qualified X 9,460.209 18.73 177,190 Non-Qualified XII 268.795 7.61 2,046 Non-Qualified XIII 760,838.627 7.23 5,500,863 Non-Qualified XIV 775,399.104 7.14 5,536,350
90
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING MFS CAPITAL OPPORTUNITIES (CONTINUED) Non-Qualified XV 201,250.408 $ 7.09 $ 1,426,865 Non-Qualified XVI 288,029.971 4.49 1,293,255 Non-Qualified XVII 373.914 20.94 7,830 Non-Qualified XVIII 114,024.815 4.44 506,270 Non-Qualified XIX 196,376.005 4.46 875,837 --------------- --------------- 3,869,301.172 $ 35,740,787 =============== =============== ING MFS GLOBAL GROWTH Contracts in accumulation period: Non-Qualified V 114.677 $ 8.32 $ 954 Non-Qualified V (0.75) 53.670 8.35 448 --------------- --------------- 168.347 $ 1,402 =============== =============== ING MFS RESEARCH Contracts in accumulation period: Non-Qualified V 300,020.696 $ 10.37 $ 3,111,215 Non-Qualified V (0.75) 226,503.440 10.73 2,430,382 Non-Qualified VI 15,681.895 8.78 137,687 Non-Qualified VII 2,125,862.279 10.20 21,683,795 Non-Qualified VIII 356,088.081 7.05 2,510,421 Non-Qualified IX 11,475.529 10.22 117,280 Non-Qualified X 121,245.136 10.37 1,257,312 Non-Qualified XI 1,302.911 8.78 11,440 Non-Qualified XIII 358,336.776 6.85 2,454,607 Non-Qualified XIV 619,493.614 6.76 4,187,777 Non-Qualified XV 179,084.071 6.72 1,203,445 Non-Qualified XVI 151,905.555 5.04 765,604 Non-Qualified XVIII 38,140.149 4.98 189,938 Non-Qualified XIX 121,587.728 5.00 607,939 --------------- --------------- 4,626,727.860 $ 40,668,842 =============== =============== ING OPCAP BALANCED VALUE Contracts in accumulation period: Non-Qualified V 1,003.030 $ 8.34 $ 8,365 Non-Qualified XII 821.815 8.37 6,879 --------------- --------------- 1,824.845 $ 15,244 =============== =============== ING PIMCO TOTAL RETURN Contracts in accumulation period: Non-Qualified V 25,282.897 $ 10.72 $ 271,033 Non-Qualified V (0.75) 69,178.707 10.75 743,671 Non-Qualified IX 17,742.566 10.70 189,845 Non-Qualified XII 676.412 10.75 7,271 Non-Qualified XX 5,896.283 10.72 63,208 --------------- --------------- 118,776.865 $ 1,275,028 =============== ===============
91
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING SALOMON BROTHERS AGGRESSIVE GROWTH Currently payable annuity contracts: $ 992,675 Contracts in accumulation period: Non-Qualified V 353,914.829 $ 9.64 3,411,739 Non-Qualified V (0.75) 337,984.906 9.97 3,369,710 Non-Qualified VII 2,842,989.175 9.24 26,269,220 Non-Qualified VIII 393,580.696 6.31 2,483,494 Non-Qualified IX 6,741.530 9.50 64,045 Non-Qualified X 9,980.736 9.64 96,214 Non-Qualified XII 2,174.834 5.45 11,853 Non-Qualified XIII 688,421.610 5.19 3,572,908 Non-Qualified XIV 836,352.565 5.12 4,282,125 Non-Qualified XV 250,907.607 5.09 1,277,120 Non-Qualified XVI 108,235.112 3.58 387,482 Non-Qualified XVII 380.139 9.70 3,687 Non-Qualified XVIII 58,907.037 3.54 208,531 Non-Qualified XIX 162,542.564 3.55 577,026 --------------- --------------- 6,053,113.340 $ 47,007,829 =============== =============== ING SALOMON BROTHERS CAPITAL Contracts in accumulation period: Non-Qualified V (0.75) 654.575 $ 7.69 $ 5,034 --------------- --------------- 654.575 $ 5,034 =============== =============== ING SALOMON BROTHERS INVESTORS VALUE Contracts in accumulation period: Non-Qualified V 1,834.938 $ 7.82 $ 14,349 --------------- --------------- 1,834.938 $ 14,349 =============== =============== ING T. ROWE PRICE GROWTH EQUITY Currently payable annuity contracts: $ 2,345,236 Contracts in accumulation period: Non-Qualified V 192,649.640 $ 14.54 2,801,126 Non-Qualified V (0.75) 242,809.642 15.04 3,651,857 Non-Qualified VII 2,520,654.151 18.37 46,304,417 Non-Qualified VIII 234,754.639 13.36 3,136,322 Non-Qualified IX 5,444.907 14.33 78,026 Non-Qualified X 6,422.007 14.54 93,376 Non-Qualified XII 1,681.613 8.90 14,966 Non-Qualified XVII 1,011.823 17.06 17,262 --------------- --------------- 3,205,428.422 $ 58,442,588 =============== ===============
92
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING UBS TACTICAL ASSET ALLOCATION Contracts in accumulation period: Non-Qualified V 53.433 $ 8.01 $ 428 --------------- --------------- 53.433 $ 428 =============== =============== ING VAN KAMPEN COMSTOCK Contracts in accumulation period: Non-Qualified V 12,024.347 $ 8.31 $ 99,922 Non-Qualified V (0.75) 26,015.863 8.34 216,972 Non-Qualified XII 250.818 8.33 2,089 --------------- --------------- 38,291.028 $ 318,983 =============== =============== ING VP GROWTH AND INCOME Currently payable annuity contracts: $ 86,525,598 Contracts in accumulation period: Non-Qualified 1964 958.685 $ 162.71 155,988 Non-Qualified V 4,278,161.961 15.16 64,856,935 Non-Qualified V (0.75) 7,378,211.382 15.69 115,764,137 Non-Qualified VI 1,177,819.575 14.23 16,760,373 Non-Qualified VII 4,488,575.286 15.02 67,418,401 Non-Qualified VIII 892,956.523 10.10 9,018,861 Non-Qualified IX 64,044.542 14.94 956,825 Non-Qualified X 1,943,270.653 15.37 29,868,070 Non-Qualified XI 30,716.608 14.43 443,241 Non-Qualified XII 36,379.347 6.32 229,917 Non-Qualified XIII 1,413,021.263 6.09 8,605,299 Non-Qualified XIV 1,439,278.744 6.01 8,650,065 Non-Qualified XV 490,461.079 5.97 2,928,053 Non-Qualified XVI 217,038.958 5.33 1,156,818 Non-Qualified XVII 205.889 152.21 31,338 Non-Qualified XVIII 77,342.947 5.28 408,371 Non-Qualified XIX 141,086.356 5.30 747,758 Non-Qualified XX 94,985.088 15.16 1,439,974 --------------- --------------- 24,164,514.886 $ 415,966,022 =============== =============== ING VP GROWTH Currently payable annuity contracts: $ 2,631,186 Contracts in accumulation period: Non-Qualified V 84,932.756 $ 10.49 890,945 Non-Qualified V (0.75) 558,745.766 10.80 6,034,454 Non-Qualified VII 573,852.673 10.40 5,968,068 Non-Qualified VIII 234,214.218 10.49 2,456,907 Non-Qualified IX 1,843.949 10.34 19,066 Non-Qualified XII 2,598.937 6.72 17,465 Non-Qualified XIII 744,202.893 6.22 4,628,942 Non-Qualified XIV 640,933.606 6.13 3,928,923
93
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING VP GROWTH (CONTINUED) Non-Qualified XV 122,600.479 $ 6.09 $ 746,637 Non-Qualified XVI 121,103.308 4.04 489,257 Non-Qualified XVIII 12,355.061 4.00 49,420 Non-Qualified XIX 105,967.306 4.01 424,929 --------------- --------------- 3,203,350.952 $ 28,286,199 =============== =============== ING VP INDEX PLUS LARGECAP Currently payable annuity contracts: $ 31,910,797 Contracts in accumulation period: Non-Qualified V 288,486.014 $ 13.63 3,932,064 Non-Qualified V (0.75) 999,688.403 14.07 14,065,616 Non-Qualified VII 1,883,337.515 13.49 25,406,223 Non-Qualified VIII 635,456.372 13.39 8,508,761 Non-Qualified IX 20,458.132 13.44 274,957 Non-Qualified XII 15,082.003 8.20 123,672 Non-Qualified XIII 3,628,670.916 7.87 28,557,640 Non-Qualified XIV 3,014,920.796 7.77 23,425,935 Non-Qualified XV 1,263,502.914 7.71 9,741,607 Non-Qualified XVI 675,425.261 5.93 4,005,272 Non-Qualified XVII 53.946 13.87 748 Non-Qualified XVIII 220,224.676 5.86 1,290,517 Non-Qualified XIX 539,612.055 5.88 3,172,919 --------------- --------------- 13,184,919.003 $ 154,416,728 =============== =============== ING VP INDEX PLUS MIDCAP Contracts in accumulation period: Non-Qualified V 138,190.533 $ 12.48 $ 1,724,618 Non-Qualified V (0.75) 757,291.244 12.78 9,678,182 Non-Qualified IX 10,079.041 12.33 124,275 Non-Qualified XII 18,708.753 13.31 249,014 Non-Qualified XVII 253.199 13.22 3,347 --------------- --------------- 924,522.770 $ 11,779,436 =============== =============== ING VP INDEX PLUS SMALLCAP Contracts in accumulation period: Non-Qualified V 128,310.022 $ 9.07 $ 1,163,772 Non-Qualified V (0.75) 328,141.058 9.28 3,045,149 Non-Qualified IX 6,481.411 8.96 58,073 Non-Qualified XII 753.745 9.99 7,530 --------------- --------------- 463,686.236 $ 4,274,524 =============== ===============
94
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING VP INTERNATIONAL EQUITY PORTFOLIO - CLASS R Currently payable annuity contracts: $ 376,495 Contracts in accumulation period: Non-Qualified V 6,875.696 $ 6.25 42,973 Non-Qualified V (0.75) 59,835.340 6.40 382,946 Non-Qualified VII 98,804.174 6.20 612,586 Non-Qualified VIII 34,502.077 6.25 215,638 Non-Qualified XIII 273,415.239 5.93 1,621,352 Non-Qualified XIV 174,150.116 5.85 1,018,778 Non-Qualified XV 61,382.639 5.81 356,633 Non-Qualified XVI 71,157.557 4.74 337,287 Non-Qualified XVIII 5,585.598 4.69 26,196 Non-Qualified XIX 50,411.975 4.70 236,936 --------------- --------------- 836,120.411 $ 5,227,820 =============== =============== ING VP SMALL COMPANY Currently payable annuity contracts: $ 3,881,973 Contracts in accumulation period: Non-Qualified V 49,493.214 $ 14.46 715,672 Non-Qualified V (0.75) 362,103.959 14.88 5,388,107 Non-Qualified VII 1,032,724.107 14.33 14,798,936 Non-Qualified VIII 286,772.659 14.45 4,143,865 Non-Qualified IX 1,379.067 14.25 19,652 Non-Qualified XII 35,405.059 10.27 363,610 Non-Qualified XIII 1,077,682.721 10.04 10,819,935 Non-Qualified XIV 617,860.717 9.91 6,123,000 Non-Qualified XV 200,547.557 9.84 1,973,388 Non-Qualified XVI 339,071.983 7.16 2,427,755 Non-Qualified XVII 2,960.186 10.78 31,911 Non-Qualified XVIII 36,061.563 7.09 255,676 Non-Qualified XIX 170,804.473 7.11 1,214,420 --------------- --------------- 4,212,867.265 $ 52,157,900 =============== =============== ING VP TECHNOLOGY Contracts in accumulation period: Non-Qualified V 240,058.230 $ 2.57 $ 616,950 Non-Qualified V (0.75) 470,065.068 2.61 1,226,870 Non-Qualified VII 476,267.450 2.56 1,219,245 Non-Qualified VIII 61,729.892 2.57 158,646 Non-Qualified IX 17,615.456 2.55 44,919 Non-Qualified X 1,784.761 2.59 4,623 Non-Qualified XII 3,512.025 2.60 9,131 Non-Qualified XIII 588,646.420 2.59 1,524,594 Non-Qualified XIV 381,817.732 2.57 981,272 Non-Qualified XV 55,830.093 2.56 142,925 Non-Qualified XVI 125,466.581 2.67 334,996 Non-Qualified XVIII 22,239.898 2.65 58,936 Non-Qualified XIX 90,584.798 2.66 240,956 --------------- --------------- 2,535,618.404 $ 6,564,063 =============== ===============
95 96
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING VP VALUE OPPORTUNITY Contracts in accumulation period: Non-Qualified V 66,506.128 $ 13.44 $ 893,842 Non-Qualified V (0.75) 246,272.709 13.84 3,408,414 Non-Qualified VII 760,213.853 13.32 10,126,049 Non-Qualified VIII 171,772.473 13.44 2,308,622 Non-Qualified IX 1,697.542 13.25 22,492 Non-Qualified XII 25,733.010 9.36 240,861 Non-Qualified XVII 68.291 10.32 705 --------------- --------------- 1,272,264.006 $ 17,000,985 =============== =============== ING VP EMERGING MARKETS Contracts in accumulation period: Non-Qualified VII 102,697.805 $ 6.32 $ 649,050 --------------- --------------- 102,697.805 $ 649,050 =============== =============== ING VP GROWTH OPPORTUNITIES - CLASS R Contracts in accumulation period: Non-Qualified V 63,828.994 $ 6.02 $ 384,251 --------------- --------------- 63,828.994 $ 384,251 =============== =============== ING VP GROWTH OPPORTUNITIES - CLASS S Contracts in accumulation period: Non-Qualified XIII 10,587.862 $ 5.43 $ 57,492 Non-Qualified XIV 2,346.431 5.40 12,671 Non-Qualified XV 1,383.401 5.38 7,443 Non-Qualified XVI 6,241.577 5.38 33,580 Non-Qualified XVIII 1,028.483 5.34 5,492 Non-Qualified XIX 1,596.215 5.35 8,540 --------------- --------------- 23,183.969 $ 125,218 =============== =============== ING VP INTERNATIONAL VALUE Contracts in accumulation period: Non-Qualified V 5,855.824 $ 8.83 $ 51,707 Non-Qualified V (0.75) 34,787.430 8.03 279,343 Non-Qualified IX 4,254.293 7.95 33,822 Non-Qualified XII 963.184 8.03 7,734 Non-Qualified XX 3,553.474 8.83 31,377 --------------- --------------- 49,414.205 $ 403,983 =============== =============== ING VP MAGNACAP - CLASS R Contracts in accumulation period: Non-Qualified V (0.75) 3,912.983 $ 6.85 $ 26,804 --------------- --------------- 3,912.983 $ 26,804 =============== ===============
97
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- ING VP MAGNACAP - CLASS S Contracts in accumulation period: Non-Qualified XIII 35,550.671 $ 7.12 $ 253,121 Non-Qualified XIV 18,913.322 7.08 133,906 Non-Qualified XV 1,231.619 7.07 8,708 Non-Qualified XVI 7,235.436 7.06 51,082 Non-Qualified XVIII 3,338.428 7.01 23,402 Non-Qualified XIX 2,778.145 7.02 19,503 --------------- --------------- 69,047.621 $ 489,722 =============== =============== ING VP MIDCAP OPPORTUNITIES - CLASS R Contracts in accumulation period: Non-Qualified V 31.666 $ 6.92 $ 219 Non-Qualified V (0.75) 10,442.470 6.97 72,784 Non-Qualified IX 449.133 6.89 3,095 --------------- --------------- 10,923.269 $ 76,098 =============== =============== ING VP MIDCAP OPPORTUNITIES - CLASS S Contracts in accumulation period: Non-Qualified XIII 120,170.564 $ 6.21 $ 746,259 Non-Qualified XIV 138,997.470 6.18 859,004 Non-Qualified XV 26,454.022 6.17 163,221 Non-Qualified XVI 78,501.188 6.16 483,567 Non-Qualified XVIII 7,014.780 6.11 42,860 Non-Qualified XIX 47,024.353 6.13 288,259 --------------- --------------- 418,162.377 $ 2,583,170 =============== =============== ING VP SMALLCAP OPPORTUNITIES - CLASS R Contracts in accumulation period: Non-Qualified V 8,679.356 $ 4.98 $ 43,223 Non-Qualified V (0.75) 3,032.308 5.02 15,222 --------------- --------------- 11,711.664 $ 58,445 =============== =============== ING VP SMALLCAP OPPORTUNITIES - CLASS S Contracts in accumulation period: Non-Qualified XIII 117,668.602 $ 4.73 $ 556,572 Non-Qualified XIV 101,824.267 4.71 479,592 Non-Qualified XV 56,605.761 4.70 266,047 Non-Qualified XVI 49,256.630 4.69 231,014 Non-Qualified XVIII 11,288.326 4.66 52,604 Non-Qualified XIX 39,805.483 4.67 185,892 --------------- --------------- 376,449.069 $ 1,771,721 =============== ===============
98
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- JANUS ASPEN AGGRESSIVE GROWTH Contracts in accumulation period: Non-Qualified V 566,617.723 $ 13.03 $ 7,383,029 Non-Qualified V (0.75) 858,374.479 13.49 11,579,472 Non-Qualified VII 1,563,268.522 12.94 20,228,695 Non-Qualified VIII 357,735.529 9.03 3,230,352 Non-Qualified IX 21,634.844 12.85 278,008 Non-Qualified X 27,926.793 13.03 363,886 Non-Qualified XII 4,662.942 7.58 35,345 Non-Qualified XIII 1,964,782.621 7.13 14,008,900 Non-Qualified XIV 1,696,306.388 7.03 11,925,034 Non-Qualified XV 657,391.909 6.98 4,588,596 Non-Qualified XVI 555,397.758 2.96 1,643,977 Non-Qualified XVII 1,630.686 15.64 25,504 Non-Qualified XVIII 278,823.059 2.92 814,163 Non-Qualified XIX 385,034.113 2.93 1,128,150 --------------- --------------- 8,939,587.366 $ 77,233,111 =============== =============== JANUS ASPEN BALANCED Contracts in accumulation period: Non-Qualified V 555,951.615 $ 20.89 $ 11,613,829 Non-Qualified V (0.75) 630,340.005 21.62 13,627,951 Non-Qualified VII 2,369,859.609 23.08 54,696,360 Non-Qualified VIII 673,359.597 18.46 12,430,218 Non-Qualified IX 7,450.766 20.60 153,486 Non-Qualified X 23,295.212 20.89 486,637 Non-Qualified XII 21,381.782 12.32 263,424 Non-Qualified XIII 3,258,034.827 11.64 37,923,525 Non-Qualified XIV 3,601,528.948 11.48 41,345,552 Non-Qualified XV 1,255,265.952 11.41 14,322,585 Non-Qualified XVI 678,471.836 8.44 5,726,302 Non-Qualified XVII 41.959 21.30 894 Non-Qualified XVIII 144,444.286 8.35 1,206,110 Non-Qualified XIX 472,317.742 8.38 3,958,023 Non-Qualified XX 3,375.393 20.89 70,512 --------------- --------------- 13,695,119.529 $ 197,825,408 =============== ===============
99
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- JANUS ASPEN FLEXIBLE INCOME Contracts in accumulation period: Non-Qualified V 171,615.702 $ 18.96 $ 3,253,834 Non-Qualified V (0.75) 231,891.054 19.62 4,549,702 Non-Qualified VII 908,267.435 18.71 16,993,684 Non-Qualified VIII 212,109.882 15.73 3,336,488 Non-Qualified IX 3,310.389 18.69 61,871 Non-Qualified X 8,977.805 18.96 170,219 Non-Qualified XII 1,937.840 12.85 24,901 Non-Qualified XVII 54.245 19.34 1,049 --------------- --------------- 1,538,164.352 $ 28,391,748 =============== =============== JANUS ASPEN GROWTH PORTFOLIO Currently payable annuity contracts: $ 6,363,719 Contracts in accumulation period: Non-Qualified V 338,648.733 $ 13.37 4,527,734 Non-Qualified V (0.75) 565,225.869 13.83 7,817,074 Non-Qualified VII 1,698,475.232 15.78 26,801,939 Non-Qualified VIII 346,669.873 11.30 3,917,370 Non-Qualified IX 6,850.744 13.18 90,293 Non-Qualified X 22,475.711 13.37 300,500 Non-Qualified XII 10,427.083 7.53 78,516 Non-Qualified XIII 2,342,509.576 7.16 16,772,369 Non-Qualified XIV 3,015,362.805 7.07 21,318,615 Non-Qualified XV 983,466.889 7.02 6,903,938 Non-Qualified XVI 327,789.685 4.46 1,461,942 Non-Qualified XVII 616.632 14.84 9,151 Non-Qualified XVIII 129,992.688 4.42 574,568 Non-Qualified XIX 353,241.795 4.43 1,564,861 --------------- --------------- 10,141,753.315 $ 98,502,589 =============== =============== JANUS ASPEN WORLDWIDE GROWTH Currently payable annuity contracts: $ 7,329,540 Contracts in accumulation period: Non-Qualified V 609,558.631 $ 16.25 9,905,328 Non-Qualified V (0.75) 1,211,566.461 16.82 20,378,548 Non-Qualified VII 4,329,391.897 18.21 78,838,226 Non-Qualified VIII 816,356.134 13.23 10,800,392 Non-Qualified IX 23,370.570 16.02 374,397 Non-Qualified X 26,438.976 16.25 429,633 Non-Qualified XII 25,670.941 7.90 202,800 Non-Qualified XIII 3,739,036.827 7.39 27,631,482 Non-Qualified XIV 3,645,285.344 7.29 26,574,130 Non-Qualified XV 1,076,133.408 7.24 7,791,206 Non-Qualified XVI 771,583.143 4.81 3,711,315 Non-Qualified XVII 2,202.702 18.46 40,662 Non-Qualified XVIII 194,741.283 4.76 926,969 Non-Qualified XIX 699,890.190 4.78 3,345,475 --------------- --------------- 17,171,226.507 $ 198,280,103 =============== ===============
100
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- JANUS ASPEN WORLDWIDE GROWTH (CONTINUED) LORD ABBETT GROWTH AND INCOME Contracts in accumulation period: Non-Qualified V 32,820.831 $ 7.85 $ 257,644 Non-Qualified V (0.75) 20,716.722 7.91 163,869 --------------- --------------- 53,537.553 $ 421,513 =============== =============== LORD ABBETT MID-CAP VALUE Contracts in accumulation period: Non-Qualified V 5,655.376 $ 9.87 $ 55,819 Non-Qualified V (0.75) 44,192.623 8.38 370,334 Non-Qualified XX 4,843.782 9.87 47,808 --------------- --------------- 54,691.781 $ 473,961 =============== =============== MFS (R) GLOBAL GOVERNMENTS Contracts in accumulation period: Non-Qualified VII 190,603.352 $ 11.92 $ 2,271,992 Non-Qualified VIII 37,246.397 12.04 448,447 --------------- --------------- 227,849.749 $ 2,720,439 =============== =============== MFS(R) TOTAL RETURN Contracts in accumulation period: Non-Qualified VII 2,066,374.204 $ 15.51 $ 32,049,464 Non-Qualified VIII 475,213.219 15.67 7,446,591 Non-Qualified XIII 1,138,016.463 11.13 12,666,123 Non-Qualified XIV 1,935,084.719 10.98 21,247,230 Non-Qualified XV 561,729.213 10.91 6,128,466 Non-Qualified XVI 617,717.854 9.94 6,140,115 Non-Qualified XVIII 143,894.186 9.83 1,414,480 Non-Qualified XIX 469,356.259 9.87 4,632,546 --------------- --------------- 7,407,386.117 $ 91,725,015 =============== =============== OPPENHEIMER AGGRESSIVE GROWTH Currently payable annuity contracts: $ 819,407 Contracts in accumulation period: Non-Qualified VII 645,050.621 $ 10.34 6,669,823 Non-Qualified VIII 228,735.970 10.43 2,385,716 Non-Qualified XIII 566,444.270 7.29 4,129,379 Non-Qualified XIV 653,599.318 7.19 4,699,379 Non-Qualified XV 205,717.696 7.14 1,468,824 Non-Qualified XVI 507,860.304 3.29 1,670,860
101
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- OPPENHEIMER AGGRESSIVE GROWTH (CONTINUED) Non-Qualified XVIII 375,412.433 3.26 1,223,845 Non-Qualified XIX 263,903.806 3.27 862,965 --------------- --------------- 3,446,724.418 $ 23,930,198 =============== =============== OPPENHEIMER GLOBAL SECURITIES Contracts in accumulation period: Non-Qualified V 124,642.865 $ 10.87 $ 1,354,868 Non-Qualified V (0.75) 294,074.348 11.13 3,273,047 Non-Qualified VII 619,881.256 14.00 8,678,338 Non-Qualified VIII 120,065.031 14.12 1,695,318 Non-Qualified IX 3,483.077 10.74 37,408 Non-Qualified XII 12,340.120 11.17 137,839 --------------- --------------- 1,174,486.697 $ 15,176,818 =============== =============== OPPENHEIMER MAIN STREET GROWTH & INCOME Currently payable annuity contracts: $ 3,092,978 Contracts in accumulation period: Non-Qualified VII 1,627,170.955 $ 10.10 16,434,427 Non-Qualified VIII 567,565.104 10.19 5,783,488 Non-Qualified XIII 825,724.271 7.08 5,846,128 Non-Qualified XIV 1,503,686.572 6.98 10,495,732 Non-Qualified XV 475,185.289 6.94 3,297,786 Non-Qualified XVI 265,863.679 6.26 1,664,307 Non-Qualified XVIII 106,267.399 6.20 658,858 Non-Qualified XIX 245,483.133 6.22 1,526,905 --------------- --------------- 5,616,946.402 $ 48,800,609 =============== =============== OPPENHEIMER STRATEGIC BOND Currently payable annuity contracts: $ 1,153,175 Contracts in accumulation period: Non-Qualified V 10,728.017 $ 11.19 120,047 Non-Qualified V (0.75) 53,130.525 11.46 608,876 Non-Qualified VII 814,287.332 12.27 9,991,306 Non-Qualified VIII 197,895.041 12.38 2,449,941 Non-Qualified IX 151.867 11.06 1,680 Non-Qualified XIII 535,396.772 11.24 6,017,860 Non-Qualified XIV 629,245.584 11.09 6,978,334 Non-Qualified XV 209,695.372 11.02 2,310,843 Non-Qualified XVI 157,440.299 10.87 1,711,376 Non-Qualified XVIII 28,772.871 10.76 309,596 Non-Qualified XIX 100,170.989 10.80 1,081,847 --------------- --------------- 2,736,914.669 $ 32,734,881 =============== ===============
102
UNITS EXTENDED OUTSTANDING UNIT VALUE VALUE --------------------------------------------------- PIONEER EQUITY INCOME VCT Contracts in accumulation period: Non-Qualified V 13,107.385 $ 7.99 $ 104,728 Non-Qualified V (0.75) 6,032.919 8.05 48,565 --------------- --------------- 19,140.304 $ 153,293 =============== =============== PIONEER FUND VCT Contracts in accumulation period: Non-Qualified V (0.75) 171.721 $ 7.59 $ 1,303 --------------- --------------- 171.721 $ 1,303 =============== =============== PIONEER MID CAP VALUE VCT Contracts in accumulation period: Non-Qualified V 1,622.935 $ 8.73 $ 14,168 Non-Qualified V (0.75) 1,847.373 8.80 16,257 --------------- --------------- 3,470.308 $ 30,425 =============== =============== PRUDENTIAL JENNISON Contracts in accumulation period: Non-Qualified XIII 17,204.028 $ 6.07 $ 104,428 Non-Qualified XIV 42,520.383 6.04 256,823 Non-Qualified XV 4,457.203 6.02 26,832 Non-Qualified XVI 879.203 6.02 5,293 Non-Qualified XVIII 1,484.914 5.97 8,865 Non-Qualified XIX 4,124.459 5.99 24,706 --------------- --------------- 70,670.190 $ 426,947 =============== =============== SP JENNISON INTERNATIONAL GROWTH Contracts in accumulation period: Non-Qualified XIII 9,143.351 $ 5.76 $ 52,666 Non-Qualified XIV 7,304.232 5.73 41,853 Non-Qualified XV 7,013.356 5.72 40,116 Non-Qualified XVI 6,381.407 5.71 36,438 Non-Qualified XVIII 211.729 5.67 1,201 Non-Qualified XIX 7,317.637 5.68 41,564 --------------- --------------- 37,371.712 $ 213,838 =============== ===============
103 NON-QUALIFIED 1964 Individual Contracts issued from December 1, 1964 to March 14, 1967. NON-QUALIFIED V Certain AetnaPlus Contracts issued in connection with deferred compensation plans issued since August 28, 1992, and certain individual non-qualified Contracts. NON-QUALIFIED V (0.75) Subset of Non-Qualified V Contracts having a mortality and expense charge of 0.75% NON-QUALIFIED VI Certain existing Contracts that were converted to ACES, an administrative system (previously valued under Non-Qualified I). NON-QUALIFIED VII Certain individual and group Contracts issued as non-qualified deferred annuity contracts or Individual individual retirement annuity Contracts issued since May 4, 1994. NON-QUALIFIED VIII Certain individual retirement annuity Contracts issued since May 1, 1998. NON-QUALIFIED IX Group Aetna Plus Contracts assessing an administrative expense charge effective April 7, 1997 issued in connection with deferred compensation plans. NON-QUALIFIED X Group AetnaPlus contracts containing contractual limits on fees, issued in connection with deferred compensation plans and as individual non-qualified Contracts, resulting in reduced daily charges for certain funding options effective May 29, 1997. NON-QUALIFIED XI Certain Contracts, previously valued under Non-Qualified VI, containing contractual limits on fees, resulting in reduced daily charges for certain funding options effective May 29, 1997. NON-QUALIFIED XIII Certain individual retirement annuity Contracts issued since October 1, 1998. NON-QUALIFIED XIV Certain individual retirement annuity Contracts issued since September 1, 1998. NON-QUALIFIED XV Certain individual retirement annuity Contracts issued since September 1, 1998. NON-QUALIFIED XVI Certain individual retirement annuity Contracts issued since August 2000. NON-QUALIFIED XVII Group AetnaPlus contracts issued in connection with deferred compensation plans having Contract modifications effective September 1, 1999. NON-QUALIFIED XVIII Certain individual retirement annuity Contracts issued since September 2000. NON-QUALIFIED XIX Certain individual retirement annuity Contracts issued since August 2000. NON-QUALIFIED XX Certain deferred compensation Contracts issued since December 2002. 104 8. FINANCIAL HIGHLIGHTS A summary of unit values and units outstanding for variable annuity Contracts, expense ratios, excluding expenses of underlying Funds, investment income ratios, and total return for the years ended December 31, 2002 and 2001, along with units outstanding and unit values for the year ended December 31, 2000, follows:
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- AIM VARIABLE INSURANCE FUNDS: AIM V.I. Capital Appreciation 2002 2,233 $4.28 to $7.37 $ 14,832 - 0.45% to 1.90% -25.80% to -0.04% 2001 2,600 $5.77 to $9.84 23,509 7.71% 0.45% to 2.25% -24.75% to -23.82% 2000 2,085 $7.67 to $12.95 25,987 * * * AIM V.I. Core Equity 2002 3,742 $5.14 to $7.67 29,940 0.30% 0.75% to 2.25% -17.19% to -16.21% 2001 4,491 $6.21 to $9.17 42,858 0.05% 0.45% to 2.25% -24.31% to -16.23% 2000 4,034 $8.20 to $12.00 49,823 * * * AIM V.I. Government Securities 2002 2,139 $11.65 to $12.36 25,997 2.67% 0.95% to 1.90% 0.07% to 8.01% 2001 819 $10.83 to $11.38 9,149 5.55% 0.50% to 1.90% 4.38% to 5.40% 2000 28 $10.38 to $10.80 295 * * * AIM V.I. Growth 2002 3,069 $3.34 to $5.09 14,946 - 0.75% to 1.90% -32.29% to -31.49% 2001 3,912 $4.93 to $7.44 27,757 0.20% 0.45% to 2.25% -35.18% to -34.38% 2000 3,321 $7.60 to $11.37 37,257 * * * AIM V.I. Premier Equity 2002 5,969 $5.16 to $6.91 41,327 0.29% 0.45% to 1.90% -31.59% to -30.57% 2001 7,410 $7.54 to $10.00 74,008 2.16% 0.45% to 2.25% -14.24% to -9.62% 2000 6,222 $8.79 to $11.55 73,350 * * *
105
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- THE ALGER AMERICAN FUND: Alger American Balanced 2002 120 $21.40 $ 2,576 1.69% 1.40% -13.52% 2001 152 $24.74 3,765 3.07% 0.85% to 1.40% -3.31% 2000 191 $25.59 4,888 * * * Alger American Income & Growth 2002 356 $17.31 6,167 0.64% 1.40% -32.07% 2001 443 $25.49 11,279 6.98% 0.85% to 1.40% -15.53% 2000 550 $30.17 16,586 * * * Alger American Leveraged AllCap 2002 327 $12.87 to $17.49 5,724 0.01% 1.25% to 1.40% -34.84% to -34.74% 2001 388 $19.73 to $26.84 10,424 3.28% 0.85% to 1.40% -17.11% to -16.99% 2000 481 $23.77 to $32.38 15,563 * * * ALLIANCE FUNDS: Alliance Growth and Income 2002 2,855 $7.68 to $7.89 22,169 0.80% 0.95% to 1.90% -23.53% to -22.79% 2001 2,791 $9.99 to $10.27 28,177 4.75% 0.50% to 1.90% -1.56% to -0.60% 2000 88 $10.10 to $10.39 898 * * * Alliance Premier Growth 2002 1,333 $4.24 to $4.57 5,838 - 0.95% to 1.90% -31.96% to -31.30% 2001 1,331 $6.20 to $6.69 8,532 6.31% 0.50% to 1.90% -18.80% to -17.99% 2000 341 $7.60 to $8.20 2,687 * * * Alliance Quasar 2002 128 $4.91 to $5.55 684 - 0.95% to 1.90% -33.07% to -32.42% 2001 116 $7.34 to $8.22 910 3.62% 0.50% to 1.90% -14.43% to -13.59% 2000 9 $8.58 to $9.51 82 * * *
106
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- AMERICAN CENTURY(R) VP FUNDS: American Century(R) VP Balanced 2002 96 $15.44 $ 1,483 2.84% 1.40% -10.82% 2001 118 $17.32 2,043 6.22% 0.85% to 1.40% -4.90% 2000 147 $18.21 2,684 * * * American Century(R) VP International 2002 131 $10.68 to $11.74 1,539 0.83% 1.25% to 1.40% -21.49% to -21.37% 2001 185 $13.59 to $14.95 2,759 10.20% 0.85% to 1.40% -30.17% to -30.06% 2000 229 $19.43 to $21.41 4,905 * * * BRINSON SERIES FUNDS: Brinson Series Tactical Allocation 2002 1,454 $6.19 to $6.83 9,725 0.55% 0.95% to 1.90% -24.42% to -23.69% 2001 1,635 $8.20 to $8.94 14,334 7.95% 0.50% to 1.90% -14.22% to -13.38% 2000 1,218 $9.56 to $10.33 12,509 * * * Calvert Social Balanced 2002 167 $9.61 to $17.86 1,775 2.79% 0.75% to 1.40% -13.38% to -12.81% 2001 158 $11.09 to $20.48 1,959 4.91% 0.45% to 1.50% -8.25% to -7.64% 2000 175 $12.09 to $22.18 2,514 * * * FEDERATED INSURANCE SERIES: Federated American Leaders 2002 2,720 $13.39 to $18.56 50,539 1.17% 1.25% to 1.40% -21.33% to -21.21% 2001 3,522 $16.99 to $23.59 83,193 2.06% 0.85% to 1.40% -5.56% to -5.42% 2000 4,105 $17.97 to $24.98 102,586 * * * Federated Equity Income 2002 1,035 $9.83 10,264 2.11% 1.25% to 1.40% -21.85% 2001 1,384 $12.58 17,476 1.97% 0.75% to 1.40% -12.24% 2000 1,690 $14.33 24,264 * * *
107
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- FEDERATED INSURANCE SERIES (CONTINUED): Federated Fund for US Government Securities 2002 826 $15.35 $ 12,674 3.65% 1.40% 7.52% 2001 820 $14.28 11,702 3.90% 0.85% to 1.40% 5.53% 2000 823 $13.53 11,133 * * * Federated Growth Strategies 2002 764 $13.63 10,415 - 1.40% -27.38% 2001 1,117 $18.77 20,974 1.68% 0.85% to 1.40% -23.48% 2000 1,378 $24.53 33,809 * * * Federated High Income Bond 2002 1,236 $11.49 to $13.48 16,683 10.52% 1.25% to 1.40% -0.03% to 0.12% 2001 1,548 $11.48 to $13.49 20,899 11.00% 0.85% to 1.40% -0.04% to 0.10% 2000 1,959 $11.46 to $13.49 26,446 * * * Federated International Equity 2002 551 $10.03 to $10.85 6,024 - 1.25% to 1.40% -23.84% to -23.73% 2001 767 $13.15 to $14.25 10,976 12.94% 0.85% to 1.40% -30.42% to -30.31% 2000 978 $18.87 to $20.48 20,057 * * * Federated Prime Money 2002 583 $12.68 7,387 1.37% 1.40% 0% 2001 695 $12.68 8,812 3.44% 0.85% to 1.40% 2.28% 2000 702 $12.40 8,703 * * * Federated Utility 2002 653 $8.94 to $10.72 7,021 5.71% 1.25% to 1.40% -25.01% to -24.90% 2001 923 $11.90 to $14.29 13,230 3.57% 0.85% to 1.40% -14.94% to -14.81% 2000 1,149 $13.97 to $16.80 19,351 * * *
108
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- FIDELITY(R) VARIABLE INSURANCE PRODUCTS FUND: Fidelity(R) VIP Equity-Income 2002 11,480 $8.08 to $17.95 $ 146,420 1.78% 0.75% to 1.90% -18.53% to -17.57% 2001 12,170 $9.92 to $21.92 193,019 6.26% 0.45% to 1.90% -6.77% to -5.67% 2000 10,395 $10.64 to $23.40 188,025 * * * Fidelity(R) VIP Growth 2002 9,473 $4.73 to $17.54 98,180 0.26% 0.45% to 1.90% -31.44% to -30.42% 2001 10,633 $6.90 to 25.45 167,319 7.26% 0.45% to 1.90% -19.23% to -18.23% 2000 9,467 $8.54 to $31.34 209,610 * * * Fidelity(R) VIP High Income 2002 4,489 $6.46 to $9.53 36,456 10.78% 0.95% to 2.25% 1.48% to 2.46% 2001 4,973 $6.34 to $9.34 39,385 13.71% 0.50% to 2.25% -13.42% to -12.58% 2000 4,980 $7.28 to $10.74 45,512 * * * Fidelity(R) VIP Overseas 2002 654 $6.85 to $10.42 6,617 0.85% 0.75% to 1.50% -21.47% to -20.88% 2001 770 $8.67 to $13.26 9,914 13.97% 0.45% to 1.50% -22.35% to -21.76% 2000 872 $11.08 to $17.06 14,451 * * * FIDELITY(R) VARIABLE INSURANCE PRODUCTS FUND II: Fidelity(R) VIP II ASSET MANAGER(SM) 2002 728 $13.13 to $15.71 11,086 4.06% 1.25% to 1.40% -10.01% to -9.87% 2001 831 $14.57 to $17.45 14,094 6.08% 0.85% to 1.40% -5.44% to -5.30% 2000 993 $15.39 to $18.46 17,821 * * * Fidelity(R) VIP II Contrafund(R) 2002 10,912 $7.22 to $19.81 145,571 0.86% 0.45% to 1.90% -11.07% to 78.65% 2001 11,618 $8.12 to $21.96 173,999 3.56% 0.45% to 1.90% -13.93% to -3.25% 2000 12,102 $9.43 to $24.67 216,963 * * *
109
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- FIDELITY(R) VARIABLE INSURANCE PRODUCTS FUND II (CONTINUED): Fidelity(R) VIP II Index 500 2002 4,125 $13.44 to $16.04 $ 64,190 1.38% 1.25% to 1.40% -23.34% to -23.22% 2001 4,961 $17.51 to $20.93 100,783 1.20% 0.85% to 1.40% -13.34% to -13.21% 2000 5,672 $20.17 to $24.15 133,049 * * * Fidelity(R) VIP II Investment Grade Bond 2002 187 $15.17 to $15.49 2,890 4.05% 1.25% to 1.40% 8.80% to 8.96% 2001 217 $13.92 to $14.24 3,084 5.86% 0.85% to 1.40% 6.94% to 7.10% 2000 278 $13.00 to $13.32 3,700 * * * FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST: Franklin Small Cap Value Securities 2002 39 $9.22 to $9.29 365 *** 0.75% to 1.25% -21.04% to -19.73% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING GET FUND: ING GET Fund - Series D 2002 10,202 $10.04 to $10.37 103,698 4.34% 1.00% to 1.75% -1.09% to -0.34% 2001 11,705 $10.15 to $10.40 119,943 1.44% 0.70% to 2.15% 0.22% to 0.98% 2000 12,726 $10.13 to $10.29 129,776 * * * ING GET Fund - Series E 2002 26,953 $10.18 to $10.51 276,397 4.02% 1.00% to 1.90% 2.11% to 3.05% 2001 29,973 $9.97 to $10.20 300,383 0.78% 1.00% to 2.40% -1.12% to -0.21% 2000 33,010 $10.08 to $10.22 333,833 * * * ING GET Fund - Series G 2002 16,105 $10.11 to $10.41 163,877 3.84% 1.00% to 1.90% 2.97% to 3.92% 2001 17,381 $9.82 to $10.02 171,369 0.38% 1.00% to 2.40% -0.52% to 0.40% 2000 18,850 $9.87 to $9.98 186,445 * * *
110
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING GET FUND (CONTINUED): ING GET Fund - Series H 2002 11,865 $10.18 to $10.46 $ 121,603 3.59% 1.00% to 1.90% 2.78% to 3.72% 2001 13,233 $9.91 to $10.01 131,686 0.47% 1.00% to 2.40% -1.24% to -0.33% 2000 14,101 $10.03 to $10.12 141,764 * * * ING GET Fund - Series I 2002 8,275 $10.10 to $10.23 84,079 3.54% 1.45% to 1.90% 3.35% to 3.82% 2001 8,909 $9.78 to $9.86 87,402 0.25% 1.35% to 2.40% -0.76% to -0.30% 2000 9,419 $9.85 to $9.89 92,929 * * * ING GET Fund - Series J 2002 7,113 $10.05 to $10.17 71,844 3.49% 1.45% to 1.90% 4.05% to 4.53% 2001 7,719 $9.66 to $9.73 74,801 0.18% 1.35% to 2.40% -0.63% to -0.16% 2000 8,207 $9.72 to $9.75 79,872 * * * ING GET Fund - Series K 2002 8,037 $9.99 to $10.24 81,260 2.68% 1.45% to 2.40% 3.20% to 4.20% 2001 9,082 $9.68 to $9.82 88,558 - 1.35% to 2.40% -3.19% to -2.24% 2000 9,357 $10.00 to $10.05 93,790 * * * ING GET Fund - Series L 2002 7,535 $9.89 to $10.09 75,255 0.05% 1.45% to 2.40% 0.22% to 1.20% 2001 8,101 $9.87 to $9.97 80,345 4.63% 1.35% to 2.40% -1.53% to -0.46% 2000 58 $10.01 to $10.02 585 * * * ING GET Fund - Series M 2002 11,558 $9.91 to $10.08 $ 115,381 0.03% 1.45% to 2.40% 1.12% to 2.10% 2001 12,531 $9.80 to $9.87 123,165 ** 1.45% to 2.40% -2.23% to -1.33% 2000 ** ** ** ** ** **
111
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING GET FUND (CONTINUED): ING GET Fund - Series N 2002 8,982 $9.97 to $10.12 $ 90,143 0.02% 1.45% to 2.40% -2.77% to -1.82% 2001 10,181 $10.25 to $10.31 104,606 ** ** ** 2000 ** ** ** ** ** ** ING GET Fund - Series P 2002 7,680 $9.89 to $10.01 76,334 0.04% 1.45% to 2.40% -1.16% to -0.20% 2001 8,288 $10.00 to $10.03 83,012 ** ** ** 2000 ** ** ** ** ** ** ING GET Fund - Series Q 2002 5,460 $10.00 to $10.10 54,826 3.81% 1.45% to 2.40% 0.00% to 0.97% 2001 162 $10.00 1,620 ** ** ** 2000 ** ** ** ** ** ** ING GET Fund - Series R 2002 4,312 $10.06 to $10.14 43,556 *** 1.45% to 2.40% 0.65% to 1.42% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING GET Fund - Series S 2002 5,334 $10.01 to $10.08 53,553 *** 1.00% to 2.40% 0.14% to 0.87% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING GET Fund - Series T 2002 3,908 $10.06 to $10.09 39,378 *** 1.45% to 2.40% 0.88% to 0.93% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** ***
112
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING GET FUND (CONTINUED): ING GET Fund - Series U 2002 50 $9.99 to $10.00 $ 503 *** 0.95% to 1.75% -0.05% to 0.00% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING VP BALANCED 2002 7,046 $7.87 to $26.80 148,868 1.07% 0.45% to 2.25% -12.01% to -10.71% 2001 8,277 $8.94 to $30.01 189,948 5.84% 0.45% to 2.25% -6.04% to 0.46% 2000 8,309 $9.52 to $24.76 199,768 * * * ING VP BOND 2002 9,939 $11.86 to $18.01 164,563 3.25% 0.75% to 2.25% 6.28% to 7.53% 2001 9,525 $11.16 to $16.75 144,459 6.51% 0.45% to 2.25% 6.67% to 7.93% 2000 6,869 $10.46 to $15.52 99,490 * * * ING VP EMERGING MARKETS 2002 103 $6.32 649 - 1.40% -10.60% 2001 129 $7.08 912 19.78% 0.85% to 1.40% -11.68% 2000 157 $8.01 1,255 * * * ING VP MONEY MARKET 2002 19,939 $10.30 to $14.44 262,556 3.85% 0.75% to 2.25% -0.31% to 0.86% 2001 22,423 $10.33 to $48.45 293,027 4.69% 0.45% to 2.25% 1.33% to 3.16% 2000 16,310 $10.13 to $13.88 211,809 * * * ING VP NATURAL RESOURCES 2002 135 $11.48 to $12.07 1,567 0.19% 0.75% to 1.50% -3.56% to -2.83% 2001 166 $11.90 to $12.42 2,003 0.00% 0.45% to 1.50% -17.19% to -16.57% 2000 193 $14.35 to $14.87 2,801 * * *
113
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING GENERATIONS PORTFOLIO, INC.: ING VP Strategic Allocation Balanced 2002 977 $12.03 to $13.84 $ 14,344 2.50% 0.45% to 1.40% -10.81% to -9.94% 2001 1,082 $13.47 to $15.41 17,390 2.50% 0.45% to 2.25% -8.30% to -7.65% 2000 1,232 $14.66 to $16.69 21,090 * * * ING VP Strategic Allocation Growth 2002 835 $11.55 to $13.52 11,257 1.75% 0.75% to 2.25% -15.04% to -14.40% 2001 898 $13.56 to $15.80 13,876 1.59% 0.45% to 2.25% -12.87% to -12.21% 2000 1,013 $15.52 to $18.00 17,520 * * * ING VP Strategic Allocation Income 2002 1,237 $12.99 to $14.51 20,088 3.32% 0.75% to 1.40% -5.69% to -0.78% 2001 1,380 $10.79 to $15.29 23,347 4.36% 0.45% to 2.25% -3.75% to -3.11% 2000 1,518 $11.13 to $15.77 26,191 * * * ING PARTNERS, INC.: ING Alger Aggressive Growth 2002 24 $7.31 to $7.34 179 *** 0.75% to 1.25% -8.53% to -0.37% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING Alger Growth 2002 1 $7.24 to $7.26 9 *** 0.75% to 1.25% -23.21% to -6.63% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING American Century Small Cap Value 2002 20 $8.11 to $9.30 173 *** 0.75% to 1.25% -19.84% to -1.82% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** ***
114
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING PARTNERS, INC. (CONTINUED): ING Baron Small Cap Growth 2002 21 $8.72 to $9.68 $ 193 *** 0.75% to 1.25% -12.61% to -1.83% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING Goldman Sachs Capital Growth 2002 2 $8.07 18 *** 0.75% to 0.80% -3.04% to -0.05% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING JPMorgan Fleming International 2002 2,909 $5.62 to $15.80 24,044 0.62% 0.75% to 1.90% -19.64% to -18.69% 2001 2,892 $7.00 to $19.44 30,449 25.04% 0.45% to 2.25% -28.33% to -27.48% 2000 2,451 $9.76 to $26.80 38,280 * * * ING JPMorgan Mid Cap Value 2002 9 $9.17 to $9.20 87 *** 0.75% to 1.25% -8.51% to 0.47% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING MFS Capital Opportunities 2002 3,869 $4.44 to $20.94 35,741 - 0.45% to 1.90% -31.49% to -30.48% 2001 4,710 $6.49 to $30.11 62,832 19.25% 0.45% to 2.25% -26.19% to -25.29% 2000 4,048 $8.79 to $40.30 78,233 * * * ING MFS Global Growth 2002 - $8.32 to $8.35 1 *** 0.75% to 1.25% -10.41% to -0.17% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** ***
115
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING PARTNERS, INC. (CONTINUED): ING MFS Research 2002 4,627 $4.98 to $10.73 $ 40,669 0.20% 0.75% to 1.90% -26.32% to -25.45% 2001 5,830 $6.77 to $14.39 69,394 20.49% 0.45% to 1.90% -22.40% to -21.48% 2000 6,216 $8.71 to $18.33 97,910 * * * ING OpCap Balanced Value Portfolio 2002 2 $8.34 to $8.37 15 *** 0.80% to 1.25% -0.14% to 5.35% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING PIMCO Total Return Portfolio 2002 119 $10.70 to $10.75 1,275 *** 0.75% to 1.50% 3.07% to 7.55% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING Salomon Brothers Aggressive Growth 2002 6,053 $3.54 to $9.97 47,008 - 0.45% to 1.90% -36.54% to -35.60% 2001 7,478 $ 5.58 to $15.53 91,535 6.31% 0.45% to 2.25% -26.64% to -25.74% 2000 8,010 $7.60 to $20.93 136,685 * * * ING Salomon Brothers Capital 2002 1 $7.69 5 *** 0.75% 0.67% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING Salomon Brothers Investors Value 2002 2 $7.82 14 *** 1.25% -21.97% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** ***
116
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING PARTNERS, INC. (CONTINUED): ING T. Rowe Price Growth Equity 2002 3,205 $8.90 to $18.37 $ 58,443 0.19% 0.45% to 1.50% -24.44% to -23.64% 2001 3,768 $ 11.70 to $24.29 89,395 15.41% 0.45% to 2.25% -11.56% to -10.85% 2000 4,250 $13.14 to $27.44 113,230 * * * ING UBS Tactical Asset Allocation 2002 - $8.01 428 *** 1.25% 0.33% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING Van Kampen Comstock 2002 38 $8.31 to $8.34 319 *** 0.75% to 1.25% -18.72% to -2.95% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING VARIABLE FUNDS: ING VP Growth and Income 2002 24,165 $5.28 to $162.71 415,966 0.84% 0.45% to 1.90% -26.42% to 60.86% 2001 29,079 $7.17 to $219.66 663,646 0.60% 0.45% to 2.25% -19.96% to -18.98% 2000 32,914 $8.96 to $272.61 928,210 * * * ING VARIABLE PORTFOLIOS, INC.: ING VP Growth 2002 3,203 $4.00 to $10.80 28,286 - 0.75% to 1.90% -30.30% to -29.47% 2001 4,148 $5.73 to $15.31 52,088 12.13% 0.45% to 2.25% -28.45% to -27.61% 2000 4,705 $8.02 to $21.15 85,002 * * * ING VP Index Plus LargeCap 2002 13,185 $5.86 to $14.07 154,417 0.24% 0.45% to 2.25% -23.02% to -21.88 2001 15,160 $7.62 to $18.06 224,762 4.07% 0.45% to 2.25% -15.27% to -5.62%
117 2000 14,826 $8.99 to $21.06 261,795 * * *
118
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING VARIABLE PORTFOLIOS, INC. (CONTINUED): ING VP Index Plus MidCap 2002 925 $12.33. to $13.31 $ 11,779 0.50% 0.45% to 1.50% -13.40% to -12.49% 2001 631 $14.24 to $15.26 9,214 6.54% 0.45% to 1.50% -2.80% to 12.09% 2000 452 $14.50 to $15.59 6,733 * * * ING VP Index Plus SmallCap 2002 464 $8.96 to $9.99 4,275 0.19% 0.75% to 1.50% -14.50% to -13.86% 2001 225 $10.48 to $11.60 2,411 3.71% 0.45% to 1.50% 0.87% to 1.64% 2000 104 $10.39 to $11.42 1,098 * * * ING VP International Equity 2002 836 $4.69 to $6.40 5,228 0.22% 0.75% to 1.90% -28.07% to -27.23% 2001 954 $6.51 to $8.79 7,991 0.12% 0.45% to 2.25% -25.34% to -24.45% 2000 863 $8.73 to $11.64 9,708 * * * ING VP Small Company 2002 4,213 $7.09 to $14.88 52,158 0.52% 0.45% to 1.90% -24.69% to -23.57% 2001 3,814 $9.41 to $19.53 62,576 3.89% 0.45% to 2.25% 0.50% to 3.22% 2000 2,815 $9.22 to $18.92 47,270 * * * ING VP Technology 2002 2,536 $2.55 to $2.67 6,564 - 0.75% to 1.90% -42.40% to -41.72% 2001 2,631 $4.42 to $4.62 11,745 - 0.45% to 1.90% -24.42 to -23.54% 2000 1,680 $5.82 to $6.09 9,833 * * * ING VP Value Opportunity 2002 1,272 $9.36 to $13.84 17,001 0.44% 0.45% to 1.50% -27.07% to -26.30% 2001 1,441 $12.75 to $18.83 26,362 5.21% 0.45% to 1.50% -10.97% to 0.58% 2000 963 $14.22 to $20.99 19,710 * * *
119 120
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING VARIABLE PRODUCTS TRUST: ING VP Growth Opportunities - Class R 2002 64 $6.02 $ 384 *** 1.25% -27.19% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING VP Growth Opportunities - Class S 2002 23 $5.34 to $5.43 125 - 0.95% to 1.90% -32.71% to -28.88% 2001 18 $7.95 to $8.00 141 ** 0.95% to 1.90% -20.95% to -5.87% 2000 ** ** ** ** ** ** ING VP International Value 2002 49 $7.95 to $8.83 404 *** 0.75% to 1.50% -19.18% to -1.19% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING VP MagnaCap - Class R 2002 4 $6.85 27 *** 0.75% -21.38% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING VP MagnaCap - Class S 2002 69 $7.01 to $7.12 490 0.95% 0.95% to 1.90% -25.77% to -23.73% 2001 46 $9.28 to $9.34 431 ** 0.95% to 1.90% -5.87% to 0.00% 2000 ** ** ** ** ** ** ING VP MidCap Opportunities - Class R 2002 11 $6.89 to $6.97 76 *** 0.75% to 1.50% -20.85% to -9.47% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** ***
121
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- ING VARIABLE PRODUCTS TRUST (CONTINUED): ING VP MidCap Opportunities - Class S 2002 418 $6.11 to $6.21 $ 2,583 - 0.95% to 1.90% -27.40% to -26.70 2001 102 $8.42 to $8.48 865 ** 0.95% to 1.90% -16.75% to -10.14% 2000 ** ** ** ** ** ** ING VP SmallCap Opportunities - Class R 2002 12 $4.98 to $5.02 58 *** 0.75% to 1.25% -33.20% to -9.70% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** ING VP SmallCap Opportunities - Class S 2002 376 $4.66 to $4.73 1,772 - 0.95% to 1.90% -44.82% to -44.28% 2001 151 $8.44 to $8.50 1,280 ** 0.95% to 1.90% -24.98% to -12.33% 2000 ** ** ** ** ** ** JANUS ASPEN SERIES: Janus Aspen Aggressive Growth 2002 8,940 $2.92 to $15.64 77,233 - 0.45% to 1.90% -29.31% to -28.26% 2001 11,480 $4.14 to $21.80 141,806 - 0.45% to 1.90% -40.61% to -39.88% 2000 12,172 $6.97 to $36.27 274,462 * * * Janus Aspen Balanced 2002 13,695 $8.35 to $23.08 197,825 2.41% 0.45% to 1.90% -8.22% to 109.99% 2001 15,239 $9.10 to $25.02 240,241 2.63% 0.45% to 1.90% -6.53% to -5.42% 2000 13,985 $9.73 to $26.63 244,144 * * *
122
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- JANUS ASPEN SERIES (CONTINUED): Janus Aspen Flexible Income 2002 1,538 $12.85 to $19.62 $ 28,392 4.45% 0.45% to 1.50% 8.83% to 9.98% 2001 1,415 $11.72 to $17.89 23,940 5.95% 0.45% to 1.50% -0.78% to 6.93% 2000 1,182 $10.97 to $16.73 18,730 * * * Janus Aspen Growth 2002 10,142 $4.42 to $15.78 98,503 - 0.45% to 1.90% -27.91% to -26.84% 2001 13,150 $6.13 to $21.78 176,779 0.26% 0.45% to 2.25% -26.17% to -25.27% 2000 14,324 $8.30 to $29.34 267,653 * * * Janus Aspen Worldwide Growth 2002 17,171 $4.76 to $18.46 198,280 0.84% 0.45% to 1.90% -26.92% to -25.84% 2001 20,979 $6.51 to $24.89 331,396 0.44% 0.45% to 2.25% -23.92% to -22.98% 2000 21,842 $8.56 to $32.41 483,863 * * * LORD ABBETT FUNDS: Lord Abbett Growth and Income Portfolio 2002 54 $7.85 to $7.91 422 *** 0.75% to 1.25% -17.45% to -15.55% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** Lord Abbett Mid-Cap Value 2002 55 $8.38 to $9.87 474 *** 0.75% to 1.25% -13.36% to 1.56% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** MFS(R) FUNDS: MFS(R) Global Governments 2002 228 $11.92 to $12.04 2,720 2.91% 1.25% to 1.40% 6.89% to 7.05%
123 2001 156 $11.15 to $11.25 1,742 3.89% 0.85% to 1.40% 3.28% to 3.44% 2000 142 $10.80 to $10.87 1,537 * * *
124
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- MFS(R) FUNDS (CONTINUED): MFS(R) Total Return 2002 7,407 $9.83 to $15.67 $ 91,725 1.74% 0.95% to 1.90% -6.97% to -6.07% 2001 7,002 $10.57 to $16.73 93,910 5.19% 0.50% to 1.90% -1.67% to -0.70% 2000 4,368 $10.75 to $16.90 63,398 * * * OPPENHEIMER VARIABLE ACCOUNT FUNDS: Oppenheimer Aggressive Growth 2002 3,447 $3.26 to $10.43 23,930 0.67% 0.95% to 1.90% -29.17% to -28.48% 2001 4,063 $4.60 to $14.62 40,449 15.39% 0.50% to 2.25% -32.58% to -31.92% 2000 3,454 $6.82 to $21.54 57,052 * * * Oppenheimer Global Securities 2002 1,174 $10.74 to $14.12 15,177 0.57% 0.75% to 1.50% -23.30% to -22.72% 2001 977 $14.01 to $18.36 16,403 12.79% 0.75% to 1.50% -13.36% to -12.70% 2000 881 $16.17 to $21.14 17,260 * * * Oppenheimer Main Street Growth & Income 2002 5,617 $6.20 to $10.19 48,801 0.77% 0.95% to 2.25% -20.34% to -19.57% 2001 6,141 $7.78 to $12.71 65,709 0.53% 0.50% to 2.25% -11.87% to -11.02% 2000 5,613 $8.83 to $14.33 67,652 * * * Oppenheimer Strategic Bond 2002 2,737 $10.76 to $12.38 32,735 7.25% 0.75% to 2.25% 5.40% to 6.64% 2001 2,585 $10.21 to $11.67 28,892 6.16% 0.50% to 2.25% 2.84% to 4.06% 2000 2,144 $9.93 to $11.27 23,335 * * * PIONEER VARIABLE CONTRACTS TRUST: Pioneer Equity Income VCT 2002 19 $7.99 to $8.05 153 *** 0.75% to 1.25% -17.35% to -16.32% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** ***
125
UNITS UNIT FAIR VALUE NET ASSETS INVESTMENT EXPENSE RATIO TOTAL RETURN DIVISION (000s) LOWEST TO HIGHEST (000s) INCOME RATIO LOWEST TO HIGHEST LOWEST TO HIGHEST - ------------------------------- ------ ------------------- ---------- ------------ ------------------- -------------------- PIONEER VARIABLE CONTRACTS TRUST (CONTINUED): Pioneer Fund VCT 2002 - $7.59 $ 1 *** 0.75% 0.06% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** Pioneer Mid Cap Value VCT 2002 3 $8.73 to $8.80 30 *** 0.75% to 1.25% -17.31% to -16.24% 2001 *** *** *** *** *** *** 2000 *** *** *** *** *** *** PRUDENTIAL SERIES FUND, INC.: Prudential Jennison 2002 71 $5.97 to $6.07 427 - 0.95% to 1.90% -32.48% to -31.82% 2001 81 $8.84 to $8.90 724 ** 0.95% to 1.90% -3.52% to 9.12% 2000 ** ** ** ** ** ** * SP Jennison International Growth 2002 37 $5.67 to $5.76 214 - 0.95% to 1.90% -24.30% to -21.53% 2001 8 $ 7.49 to $7.52 59 ** 0.95% to 1.90% -19.54% to 4.42% 2000 ** ** ** ** ** **
* Not provided for 2000. ** As this investment Division was not available until 2001, this data is not meaningful and therefore is not presented. *** As this investment Division was not available until 2002, this data is not meaningful and therefore is not presented. 126 -----END PRIVACY-ENHANCED MESSAGE-----