-----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, BvEs32S8aGqkBqRA/E2Wer0Umra2pw1Kfh0xYPfj2x/jc7tX4UHb8P/rZupvFO8F ExSOCp4MDq+/gDmW7R/ZIA== 0000912057-01-002167.txt : 20010123 0000912057-01-002167.hdr.sgml : 20010123 ACCESSION NUMBER: 0000912057-01-002167 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20010119 EFFECTIVENESS DATE: 20010119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VARIABLE ANNUITY ACCT C OF AETNA LIFE INSURANCE & ANNUITY CO CENTRAL INDEX KEY: 0000103007 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 033-81216 FILM NUMBER: 1511766 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 811-02513 FILM NUMBER: 1511767 BUSINESS ADDRESS: STREET 1: 151 FARMINGTON AVE CITY: HARTFORD STATE: CT ZIP: 06156 BUSINESS PHONE: 2032734808 MAIL ADDRESS: STREET 1: C/O AETNA LIFE & CASUALTY STREET 2: 151 FARMINGTON AVE CITY: HARTFORD STATE: CT ZIP: 06156 FORMER COMPANY: FORMER CONFORMED NAME: VARIABLE ANNUITY ACCOUNT C OF AETNA VARIABLE ANNUITY LIFE IN DATE OF NAME CHANGE: 19791108 485BPOS 1 a2035232z485bpos.txt 485BPOS As filed with the Securities and Exchange Registration No. 33-81216 Commission on January 19, 2001 Registration No. 811-2513 - ------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-4 - ------------------------------------------------------------------------------- Post-Effective Amendment No. 16 To REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 and Amendment to REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 - ------------------------------------------------------------------------------- Variable Annuity Account C of Aetna Life Insurance and Annuity Company Aetna Life Insurance and Annuity Company 151 Farmington Avenue, TS31, Hartford, Connecticut 06156 Depositor's Telephone Number, including Area Code: (860) 273-4686 Julie E. Rockmore, Counsel Aetna Life Insurance and Annuity Company 151 Farmington Avenue, TS31, Hartford, Connecticut 06156 (NAME AND ADDRESS OF AGENT FOR SERVICE) - ------------------------------------------------------------------------------- It is proposed that this filing will become effective: 60 days after filing pursuant to paragraph (a)(2) of Rule 485 ----- X on February 1, 2001 pursuant to paragraph (a)(1) of Rule 485 ----- VARIABLE ANNUITY ACCOUNT C CROSS REFERENCE SHEET
LOCATION - PROSPECTUS DATED MAY 1, 2000, AS AMENDED BY SUPPLEMENTS DATED DECEMBER 14, 2000 AND FEBRUARY 1, 2001 FORM N-4 ITEM NO. PART A (PROSPECTUS) 1 Cover Page........................................... Cover Page 2 Definitions.......................................... Not Applicable 3 Synopsis............................................. Contract Overview; Fee Table 4 Condensed Financial Information...................... Condensed Financial Information; Appendix IV - Condensed Financial Information 5 General Description of Registrant, Depositor, and Portfolio Companies.................................. Other Topics - The Company; Variable Annuity Account C; Appendix III - Fund Descriptions 6 Deductions and Expenses.............................. Fee Table; Fees 7 General Description of Variable Annuity Contracts.... Contract Overview; Other Topics 8 Annuity Period....................................... The Income Phase 9 Death Benefit........................................ Death Benefit 10 Purchases and Contract Value......................... Contract Purchase or Participation; Your Account Value 11 Redemptions.......................................... Right to Cancel 12 Taxes................................................ Taxation 13 Legal Proceedings.................................... Other Topics - Legal Matters and Proceedings 14 Table of Contents of the Statement of Additional Information.......................................... Contents of the Statement of Additional Information
LOCATION - STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 2000, AS AMENDED BY SUPPLEMENT DATED DECEMBER 14, 2000 FORM N-4 PART B (STATEMENT OF ITEM NO. ADDITIONAL INFORMATION) 15 Cover Page........................................... Cover page 16 Table of Contents.................................... Table of Contents 17 General Information and History...................... General Information and History 18 Services............................................. General Information and History; Independent Auditors 19 Purchase of Securities Being Offered................. Offering and Purchase of Contracts 20 Underwriters......................................... Offering and Purchase of Contracts 21 Calculation of Performance Data...................... Performance Data; Average Annual Total Return Quotations 22 Annuity Payments..................................... Income Phase Payments 23 Financial Statements................................. Financial Statements of the Separate Account
PART C (OTHER INFORMATION) Information required to be included in Part C is set forth under the appropriate item, so numbered, in Part C to this Registration Statement. PARTS A AND B The Prospectus and Statement of Additional Information each dated May 1, 2000, as amended, are incorporated in Parts A and B, respectively, of this Post-Effective Amendment No. 16 by reference to Post-Effective Amendment No. 14 to the Registration Statement on Form N-4 (File No. 33-81216), as filed on April 11, 2000 and declared effective on May 1, 2000 and by reference to Registrant's filing under Rule 497(e), as filed on August 21, 2000 (File No. 333-81216) and by reference to Post-Effective Amendment No. 15 to the Registration Statement on Form N-4 (File No. 33-81216), as filed on and declared effective on December 14, 2000 (File No. 33-81216). A Supplement dated February 1, 2001 to the Prospectus and Statement of Additional Information is included in Parts A and B, respectively, of this Post-Effective Amendment. VARIABLE ANNUITY ACCOUNT C AETNA LIFE INSURANCE AND ANNUITY COMPANY SUPPLEMENT DATED FEBRUARY 1, 2001 TO PROSPECTUS DATED MAY 1, 2000 AND AS AMENDED BY SUPPLEMENT DATED DECEMBER 14, 2000 The information in this supplement updates and amends certain information contained in the Prospectus dated May 1, 2000 and as amended by supplement dated December 14, 2000. You should read this supplement along with the Prospectus. - - The following paragraphs are added as subsections to the section entitled "Transfers": THE DOLLAR COST AVERAGING PROGRAM. Subject to state approval, the contracts allow you to participate in our Dollar Cost Averaging Program. There is no additional charge for this service. Dollar cost averaging is a system for investing that buys fixed dollar amounts of an investment at regular intervals, regardless of price. Our program transfers, at regular intervals, a fixed dollar amount from Aetna Money Market VP to the Fixed Plus Account, GAA, or one or more subaccounts that you select. Amounts transferred to or from the Fixed Plus Account and subsequently withdrawn from the contract during the accumulation phase may be subject to the Fixed Plus Account transfer and partial surrender restrictions. (See Appendix II). Amounts transferred from the Guaranteed Accumulation Account before the end of a guaranteed term may be subject to a market value adjustment. (See Appendix I and the Guaranteed Accumulation Account prospectus.) Dollar cost averaging is not permitted into the Lexington Natural Resources Trust subaccount. Dollar cost averaging neither ensures a profit nor guarantees against loss in a declining market. You should consider your financial ability to continue purchases through periods of low price levels. For additional information about this program, contact your local representative or call the Company at the number listed in "Contract Overview--Questions." This program is not available to participants in the Account Rebalancing Program. THE ACCOUNT REBALANCING PROGRAM. Subject to state approval, this program allows you to have portions of your account value automatically reallocated to specified percentages on a scheduled basis. There is no additional charge for this service. Only account values invested in the subaccounts (excluding the Aetna GET Fund subaccount) are eligible to be rebalanced. Account values invested in the Guaranteed Accumulation Account and the Fixed Plus Account are not eligible to be rebalanced. To elect to participate in the Account Rebalancing Program, contact the Aetna Service Center. This program is not available to participants in the Dollar Cost Averaging Program. - - Subject to state approval, the following two sections are revised to delete the requirement that transferred funds under the modal contract must be from another investment provider under the SUNY Plan. The following replaces item number 2 in the section entitled "Contract Purchase or Participation--Contracts Available for Purchase": 2) The modal contracts for ongoing contributions and transferred assets made to the SUNY Plan, a plan qualified under sections 401(a) and 414(h) of the Code. The following replaces the second bullet in the section entitled "Contract Purchase or Participation--Participating in the Contract": --Under the modal contract, we will allocate funds attributable to Code section 414(h) contributions to an employee account, and ongoing payments under Code section 401(a) and transferred funds attributable to Code section 401(a) contributions from another investment provider to an employer account. - - Throughout the prospectus, the name of the Aetna Processing Office has been changed to the Aetna Service Center. X.81216-00 - - Appendix IV--Condensed Financial Information, is amended to include financial data for the nine-month period ended September 30, 2000, as follows: CONDENSED FINANCIAL INFORMATION - ------------------------------------------------------------------ (SELECTED DATA FOR ACCUMULATION UNITS OUTSTANDING THROUGHOUT EACH PERIOD) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- THE CONDENSED FINANCIAL INFORMATION PRESENTED BELOW FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2000 IS DERIVED FROM THE UNAUDITED INTERIM FINANCIAL STATEMENTS OF THE SEPARATE ACCOUNT. THE FINANCIAL STATEMENTS FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2000 ARE INCLUDED IN THE MAY 1, 2000 STATEMENT OF ADDITIONAL INFORMATION AS AMENDED ON FEBRUARY 1, 2001. AETNA ASCENT VP Value at beginning of period $17.940 Value at end of period $18.475 Number of accumulation units outstanding at end of period 5,766 AETNA BALANCED VP, INC. Value at beginning of period $32.002 Value at end of period $32.796 Number of accumulation units outstanding at end of period 164,792 AETNA BOND VP Value at beginning of period $53.738 Value at end of period $56.008 Number of accumulation units outstanding at end of period 136,553 AETNA CROSSROADS VP Value at beginning of period $16.458 Value at end of period $16.843 Number of accumulation units outstanding at end of period 1,529 AETNA GROWTH AND INCOME VP Value at beginning of period $284.994 Value at end of period $277.132 Number of accumulation units outstanding at end of period 31,420 AETNA INDEX PLUS LARGE CAP VP Value at beginning of period $23.044 Value at end of period $22.565 Number of accumulation units outstanding at end of period 1,156,729 AETNA INDEX PLUS MID CAP VP Value at beginning of period $12.967 Value at end of period $16.213 Number of accumulation units outstanding at end of period 56,704 AETNA INDEX PLUS SMALL CAP VP Value at beginning of period $10.019 Value at end of period $10.591 Number of accumulation units outstanding at end of period 43,932 AETNA LEGACY VP Value at beginning of period $15.070 Value at end of period $15.709 Number of accumulation units outstanding at end of period 0 AETNA MONEY MARKET VP Value at beginning of period $44.501 Value at end of period $46.142 Number of accumulation units outstanding at end of period 239,831 AETNA VALUE OPPORTUNITY VP Value at beginning of period $14.274 Value at end of period $15.655 Number of accumulation units outstanding at end of period 51,143 CALVERT SOCIAL BALANCED PORTFOLIO Value at beginning of period $30.131 Value at end of period $31.035 Number of accumulation units outstanding at end of period 68,435 FIDELITY VIP EQUITY-INCOME PORTFOLIO Value at beginning of period $19.201 Value at end of period $19.833 Number of accumulation units outstanding at end of period 370,747 FIDELITY VIP HIGH INCOME PORTFOLIO Value at beginning of period $9.638 Value at end of period $8.624 Number of accumulation units outstanding at end of period 172,465 FIDELITY VIP II ASSET MANAGER PORTFOLIO Value at beginning of period $18.343 Value at end of period $18.157 Number of accumulation units outstanding at end of period 123,473 FIDELITY VIP II CONTRAFUND PORTFOLIO Value at beginning of period $27.214 Value at end of period $26.946 Number of accumulation units outstanding at end of period 594,623 FIDELITY VIP II INDEX 500 PORTFOLIO Value at beginning of period $28.147 Value at end of period $27.438 Number of accumulation units outstanding at end of period 615,746
CONDENSED FINANCIAL INFORMATION (CONTINUED) - ------------------------------------------------------------------ JANUS ASPEN AGGRESSIVE GROWTH PORTFOLIO Value at beginning of period $53.644 Value at end of period $52.756 Number of accumulation units outstanding at end of period 685,171 JANUS ASPEN GROWTH PORTFOLIO Value at beginning of period $32.036 Value at end of period $32.677 Number of accumulation units outstanding at end of period 1,115,853 JANUS ASPEN WORLDWIDE GROWTH PORTFOLIO Value at beginning of period $38.648 Value at end of period $37.014 Number of accumulation units outstanding at end of period 1,599,452 LEXINGTON EMERGING MARKETS FUND, INC. Value at beginning of period $12.315 Value at end of period $8.591 Number of accumulation units outstanding at end of period 260,406 LEXINGTON NATURAL RESOURCES TRUST Value at beginning of period $12.882 Value at end of period $13.981 Number of accumulation units outstanding at end of period 144,288 MFS TOTAL RETURN SERIES Value at beginning of period $10.720 Value at end of period $11.662 Number of accumulation units outstanding at end of period 5,651 OPPENHEIMER GLOBAL SECURITIES FUND/VA Value at beginning of period $16.126 Value at end of period $17.398 Number of accumulation units outstanding at end of period 86,853 OPPENHEIMER STRATEGIC BOND FUND/VA Value at beginning of period $10.089 Value at end of period $10.280 Number of accumulation units outstanding at end of period 138,170 PORTFOLIO PARTNERS MFS CAPITAL OPPORTUNITIES PORTFOLIO Value at beginning of period $43.112 Value at end of period $46.380 Number of accumulation units outstanding at end of period 521,019 PORTFOLIO PARTNERS MFS EMERGING EQUITIES PORTFOLIO Value at beginning of period $28.710 Value at end of period $25.838 Number of accumulation units outstanding at end of period 631,098 PORTFOLIO PARTNERS MFS RESEARCH GROWTH PORTFOLIO Value at beginning of period $17.796 Value at end of period $21.026 Number of accumulation units outstanding at end of period 133,650 PORTFOLIO PARTNERS SCUDDER INTERNATIONAL GROWTH PORTFOLIO Value at beginning of period $32.585 Value at end of period $26.534 Number of accumulation units outstanding at end of period 263,078 PORTFOLIO PARTNERS T. ROWE PRICE GROWTH PORTFOLIO Value at beginning of period $25.283 Value at end of period $27.318 Number of accumulation units outstanding at end of period 277,528
X.81216-00 VARIABLE ANNUITY ACCOUNT C AETNA LIFE INSURANCE AND ANNUITY COMPANY SUPPLEMENT DATED FEBRUARY 1, 2001 TO STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 2000 AND AS AMENDED BY SUPPLEMENT DATED DECEMBER 14, 2000 The information in this supplement updates and amends certain information contained in the Statement of Additional Information dated May 1, 2000 and as amended by supplement dated December 14, 2000. You should read this supplement along with the Statement of Additional Information. - - The following is added to the section entitled "Average Annual Total Return Quotations - Standardized and Non-Standardized": The tables below reflect the average annual standardized and non-standardized total return quotation figures for the period ended September 30, 2000.
--------------------------------------------------------------- DATE CONTRIBUTIONS FIRST RECEIVED UNDER THE SEPARATE STANDARDIZED ACCOUNT - ------------------------------------------------------------------------------------------------------------------------------------ SINCE SUBACCOUNT 1 YEAR 5 YEAR 10 YEAR INCEPTION* - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Ascent VP 13.79% 12.45% 13.04% 07/05/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Balanced VP, Inc.(1) 12.37% 13.81% 12.32% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Bond VP(1) 3.43% 4.42% 6.48% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Crossroads VP 10.23% 10.43% 10.96% 07/05/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Growth and Income VP(1) 8.97% 16.02% 14.45% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Index Plus Large Cap VP 14.33% 21.75% 10/31/1996 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Index Plus Mid Cap VP 48.90% 19.66% 05/04/1998 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Index Plus Small Cap VP 17.22% 0.82% 05/04/1998 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Legacy VP 9.15% 8.93% 9.36% 07/05/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Money Market VP(1)(2) 4.82% 4.20% 3.86% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Value Opportunity VP 26.59% 21.04% 05/30/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Calvert Social Balanced Portfolio(1) 12.80% 12.31% 11.34% - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP Equity-Income Portfolio 6.40% 12.56% 14.66% 05/31/1994 - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP High Income Portfolio (7.27%) (5.99%) 05/12/1998 - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP II Asset Manager Portfolio 7.36% 11.49% 10.18% 03/31/1994 - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP II Contrafund-Registered Trademark- Portfolio 15.84% 18.00% 20.53% 05/31/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP II Index 500 Portfolio 11.55% 19.80% 20.57% 05/31/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Janus Aspen Aggressive Growth Portfolio 56.22% 29.35% 30.61% 06/30/1994 - ------------------------------------------------------------------------------------------------------------------------------------ Janus Aspen Growth Portfolio 25.63% 23.58% 24.26% 06/30/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Janus Aspen Worldwide Growth Portfolio 35.80% 26.17% 27.74% 05/31/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Lexington Emerging Markets Fund, Inc. 26.00% (0.05%) (2.28%) 10/31/1994 - ------------------------------------------------------------------------------------------------------------------------------------ Lexington Natural Resources Trust 12.59% 5.85% 5.26% 10/14/1991 - ------------------------------------------------------------------------------------------------------------------------------------ MFS Total Return Series 11.52% 5.95% 05/26/1998 - ------------------------------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities Fund/VA 47.27% 23.99% 05/04/1998 - ------------------------------------------------------------------------------------------------------------------------------------ Oppenheimer Strategic Bond Fund/VA 4.09% 0.93% 05/07/1998 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI MFS Capital Opportunities Portfolio 38.63% 27.82% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Neuberger Berman AMT Growth/PPI MFS Capital Opportunities(3) 38.63% 20.64% 17.70% - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI MFS Emerging Equities Portfolio 20.52% 20.45% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Alger American Small Cap/PPI MFS Emerging Equities(3) 20.52% 11.82% 14.74% 09/30/1993 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI MFS Research Growth Portfolio 31.31% 17.39% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ American Century VP Capital Appreciation/PPI MFS Research Growth(3) 31.31% 6.91% 10.26% 08/31/1992 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI Scudder International Growth Portfolio 6.27% 15.82% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------
X.SAI81216-00
--------------------------------------------------------------- DATE CONTRIBUTIONS FIRST RECEIVED UNDER THE SEPARATE STANDARDIZED ACCOUNT - ------------------------------------------------------------------------------------------------------------------------------------ SINCE SUBACCOUNT 1 YEAR 5 YEAR 10 YEAR INCEPTION* - ------------------------------------------------------------------------------------------------------------------------------------ Scudder International Portfolio Class A/PPI Scudder International Growth(3) 6.27% 12.76% 11.35% - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI T. Rowe Price Growth Equity Portfolio 28.55% 20.01% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Alger American Growth/PPI T. Rowe Price Growth Equity(3) 28.55% 17.22% 21.00% 10/31/1994 - ------------------------------------------------------------------------------------------------------------------------------------
Please refer to the discussion preceding the tables for an explanation of the charges included and methodology used in calculating the standardized and non-standardized figures. These figures represent historical performance and should not be considered a projection of future performance. * Reflects performance from the date contributions were first received in the fund under the separate account. (1) These funds have been available through the separate account for more than ten years. (2) The current yield for the subaccount for the seven-day period ended September 30, 2000 (on an annualized basis) was 5.11%. Current yield more closely reflects current earnings than does total return. The current yield reflects the deduction of all charges under the contract that are deducted from the total return quotations shown above. (3) The fund first listed was replaced with the applicable Portfolio Partners Portfolio after the close of business on November 26, 1997. The performance shown is based on the performance of the replaced fund until November 26, 1997, and the performance of the applicable Portfolio Partners Portfolio after that date. The replaced fund may not have been available under all contracts. The "Date Contributions First Received Under the Separate Account" refers to the applicable date for the replaced fund. If no date is shown, contributions were first received in the replaced fund under the separate account more than ten years ago.
-------------------------------------------------------------------- FUND INCEPTION NON-STANDARDIZED DATE - ------------------------------------------------------------------------------------------------------------------------------------ SINCE SUBACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS INCEPTION** - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Ascent VP 13.79% 5.75% 12.45% 13.04% 07/05/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Balanced VP, Inc.(1) 12.37% 10.53% 13.81% 12.32% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Bond VP(1) 3.43% 3.44% 4.42% 6.48% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Crossroads VP 10.23% 4.99% 10.43% 10.96% 07/05/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Growth and Income VP(1) 8.97% 7.72% 16.02% 14.45% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Index Plus Large Cap VP 14.33% 16.97% 22.33% 09/16/1996 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Index Plus Mid Cap VP 48.90% 23.84% 12/16/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Index Plus Small Cap VP 17.22% 5.96% 12/19/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Legacy VP 9.15% 5.26% 8.93% 9.36% 07/05/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Money Market VP(1)(2) 4.82% 4.24% 4.20% 3.86% - ------------------------------------------------------------------------------------------------------------------------------------ Aetna Value Opportunity VP 26.59% 15.78% 23.07% 12/13/1996 - ------------------------------------------------------------------------------------------------------------------------------------ Calvert Social Balanced Portfolio(1) 12.80% 9.59% 12.31% 11.34% - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP Equity-Income Portfolio(1) 6.40% 6.74% 12.56% 16.22% - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP High Income Portfolio(1) (7.27%) (3.13%) 3.87% 10.31% - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP II Asset Manager Portfolio(1) 7.36% 7.91% 11.49% 11.92% - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP II Contrafund-Registered Trademark- Portfolio 15.84% 15.35% 18.00% 22.19% 01/03/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Fidelity VIP II Index 500 Portfolio 11.55% 14.63% 19.80% 17.25% 08/27/1992 - ------------------------------------------------------------------------------------------------------------------------------------ Janus Aspen Aggressive Growth Portfolio 56.22% 43.37% 29.35% 28.52% 09/13/1993 - ------------------------------------------------------------------------------------------------------------------------------------ Janus Aspen Growth Portfolio 25.63% 24.22% 23.58% 20.44% 09/13/1993 - ------------------------------------------------------------------------------------------------------------------------------------ Janus Aspen Worldwide Growth Portfolio 35.80% 23.94% 26.17% 24.02% 09/13/1993 - ------------------------------------------------------------------------------------------------------------------------------------ Lexington Emerging Markets Fund, Inc. 26.00% (4.09%) (0.05%) (0.35%) 03/30/1994 - ------------------------------------------------------------------------------------------------------------------------------------ Lexington Natural Resources Trust 12.59% (5.67%) 5.85% 5.26% 10/14/1991 - ------------------------------------------------------------------------------------------------------------------------------------ MFS Total Return Series 11.52% 8.02% 12.03% 13.71% 01/03/1995 - ------------------------------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities Fund/VA 47.27% 22.80% 20.77% 14.99% 11/12/1990 - ------------------------------------------------------------------------------------------------------------------------------------ Oppenheimer Strategic Bond Fund/VA 4.09% 1.98% 5.35% 4.63% 05/03/1993 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI MFS Capital Opportunities Portfolio 38.63% 27.76% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Neuberger Berman AMT Growth/PPI MFS Capital Opportunities(3) 38.63% 23.63% 20.64% 17.70% - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI MFS Emerging Equities Portfolio 20.52% 20.45% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Alger American Small Cap/PPI MFS Emerging Equities(3) 20.52% 16.32% 11.82% 18.29% - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI MFS Research Growth Portfolio 31.31% 17.38% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ American Century VP Capital Appreciation/PPI MFS Research Growth(3) 31.31% 11.85% 6.91% 11.23% - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI Scudder International Growth Portfolio 6.27% 15.90% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Scudder International Growth Class A/PPI Scudder International Growth(3) 6.27% 12.08% 12.76% 11.35% - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ PPI T. Rowe Price Growth Equity Portfolio 28.55% 19.96% 11/28/1997 - ------------------------------------------------------------------------------------------------------------------------------------ Alger American Growth/PPI T. Rowe Price Growth Equity(3) 28.55% 17.33% 17.22% 20.73% - ------------------------------------------------------------------------------------------------------------------------------------
Please refer to the discussion preceding the tables for an explanation of the charges included and methodology used in calculating the standardized and non-standardized figures. These figures represent historical performance and should not be considered a projection of future performance. ** Reflects performance from the fund's inception date. (1) These funds have been in operation for more than ten years. (2) The current yield for the subaccount for the seven-day period ended September 30, 2000 (on an annualized basis) was 5.11%. Current yield more closely reflects current earnings than does total return. The current yield reflects the deduction of all charges under the contract that are deducted from the total return quotations shown above. (3) The fund first listed was replaced with the applicable Portfolio Partners Portfolio after the close of business on November 26, 1997. The performance shown is based on the performance of the replaced fund until November 26, 1997, and the performance of the applicable Portfolio Partners Portfolio after that date. The replaced fund may not have been available under all contracts. The "Fund Inception Date" refers to the applicable date for the replaced fund. If no date is shown, the replaced fund has been in operation for more than ten years. - - The following unaudited financial statements for the period ended September 30, 2000 are added to the Financial Statement sections: X.SAI81216-00 VARIABLE ANNUITY ACCOUNT C INDEX TO FINANCIALS FOR PERIOD ENDED SEPTEMBER 30, 2000
PAGE ----- Statement of Assets and Liabilities as of September 30, 2000 (unaudited).................... S-48 Statement of Operations for the Nine Month Period Ended September 30, 2000 (unaudited).................... S-53 Statements of Changes in Net Assets for the Nine Month Periods Ended September 30, 2000 and September 30, 1999 (unaudited).................... S-53 Condensed Financial Information for the Nine Month Period Ended September 30, 2000 (unaudited).................... S-54 Notes to Financial Statements (unaudited).................... S-84
S-47 VARIABLE ANNUITY ACCOUNT C STATEMENT OF ASSETS AND LIABILITIES - September 30, 2000 (Unaudited) ASSETS: Investments, at net asset value: (Note 1)
Net Shares Cost Assets ------ ---- ------ Aetna Ascent VP: 5,202,054 $ 75,537,157 $ 79,747,484 Aetna Balanced VP, Inc.: 59,618,425 901,441,296 929,451,246 Aetna Bond VP: 23,145,696 298,345,540 292,561,594 Aetna Crossroads VP: 4,593,708 62,291,133 64,174,094 Aetna Get Fund, Series C: 13,130,863 151,176,320 151,530,158 Aetna Get Fund, Series D: 34,218,401 344,892,492 352,449,530 Aetna Get Fund, Series E: 13,272,806 133,676,663 140,426,289 Aetna Get Fund, Series G: 3,895,608 39,274,209 39,696,241 Aetna Get Fund, Series H: 2,943,118 29,757,522 30,843,874 Aetna Get Fund, Series I: 149,474 1,508,672 1,518,654 Aetna Get Fund, Series J: 46,787 472,334 465,531 Aetna Get Fund, Series K: 8,430 84,588 84,672 Aetna Growth and Income VP: 186,409,938 6,007,628,270 5,376,062,605 Aetna Growth VP: 11,195,911 167,964,484 202,645,984 Aetna Index Plus Large Cap VP: 26,453,126 472,260,820 522,449,233 Aetna Index Plus Mid Cap VP: 1,711,415 23,970,802 26,424,250 Aetna Index Plus Small Cap VP: 911,072 10,113,866 10,595,767 Aetna International VP: 1,024,097 16,351,000 14,337,357 Aetna Legacy VP: 3,100,369 39,038,802 39,963,753 Aetna Money Market VP: 23,527,744 311,815,277 314,996,495 Aetna Small Company VP: 6,056,116 107,361,170 109,676,259 Aetna Technology VP: 2,623,455 25,668,842 23,479,921 Aetna Value Opportunity VP: 2,834,926 42,648,652 43,686,203 AIM V.I. Funds: Capital Appreciation Fund: 462,341 17,997,004 18,826,545 Growth and Income Fund: 1,356,725 42,650,809 43,767,933 Growth Fund: 652,560 21,658,474 21,521,443 Value Fund: 622,438 20,390,620 19,488,521 Calvert Social Balanced Portfolio: 29,834,586 58,940,622 67,276,992 Fidelity Investments Variable Insurance Products Fund: Equity-Income Portfolio: 7,490,481 171,317,268 183,816,408 Growth Portfolio: 10,118,503 417,336,102 503,699,058 High Income Portfolio: 306,087 3,199,090 2,917,005 Overseas Portfolio: 899,118 21,450,920 19,564,802 Fidelity Investments Variable Insurance Products Fund II: Asset Manager Portfolio: 1,511,207 24,714,815 25,146,490 Contrafund Portfolio: 17,871,433 363,391,775 454,113,123 Index 500 Portfolio: 711,270 105,623,109 115,382,220
S-48 VARIABLE ANNUITY ACCOUNT C STATEMENT OF ASSETS AND LIABILITIES - September 30, 2000 (Unaudited and continued):
Net Shares Cost Assets ------ ---- ------ Janus Aspen Series: Aggressive Growth Portfolio: 26,024,402 $ 1,053,242,612 $ 1,375,389,645 Balanced Portfolio: 11,602,403 270,822,238 291,568,388 Flexible Income Portfolio: 3,069,824 36,048,361 34,750,412 Growth Portfolio: 15,592,870 412,830,502 497,880,338 Worldwide Growth Portfolio: 29,437,237 911,758,315 1,249,905,064 Lexington Emerging Markets Fund: 935,594 10,157,180 8,439,062 Lexington Natural Resources Trust Fund: 1,162,141 15,137,495 15,863,230 MFS Funds: Total Return Series: 53,762 943,106 996,751 Oppenheimer Funds: Global Securities Fund/VA: 1,125,664 37,061,011 35,379,609 Strategic Bond Fund/VA: 1,140,541 5,461,212 5,360,543 Portfolio Partners, Inc. (PPI): PPI MFS Capital Opportunities Portfolio: 6,130,692 246,960,577 313,584,917 PPI MFS Emerging Equities Portfolio: 7,382,741 364,340,749 549,571,217 PPI MFS Research Growth Portfolio: 17,692,080 188,019,486 264,142,752 PPI Scudder International Growth Portfolio: 12,355,443 262,426,507 232,900,109 PPI T. Rowe Price Growth Equity Portfolio: 3,901,450 187,930,310 257,261,592 --------------- --------------- NET ASSETS $14,535,090,180 $15,375,781,363 =============== ===============
S-49 VARIABLE ANNUITY ACCOUNT C STATEMENT OF ASSETS AND LIABILITIES - September 30, 2000 (Unaudited and continued): NET ASSETS REPRESENTED BY: Reserves for annuity contracts in accumulation and payment period: (Notes 1 and 6) Aetna Ascent VP: Annuity contracts in accumulation............. $ 79,747,484 Aetna Balanced VP, Inc.: Annuity contracts in accumulation............. 894,471,329 Annuity contracts in payment period........... 34,979,917 Aetna Bond VP: Annuity contracts in accumulation............. 286,825,905 Annuity contracts in payment period........... 5,735,689 Aetna Crossroads VP: Annuity contracts in accumulation............. 64,102,720 Annuity contracts in payment period........... 71,374 Aetna Get Fund, Series C: Annuity contracts in accumulation............. 151,530,158 Aetna Get Fund, Series D: Annuity contracts in accumulation............. 352,449,530 Aetna Get Fund, Series E: Annuity contracts in accumulation............. 140,426,289 Aetna Get Fund, Series G: Annuity contracts in accumulation............. 39,696,241 Aetna Get Fund, Series H: Annuity contracts in accumulation............. 30,843,874 Aetna Get Fund, Series I: Annuity contracts in accumulation............. 1,518,654 Aetna Get Fund, Series J: Annuity contracts in accumulation............. 465,531 Aetna Get Fund, Series K: Annuity contracts in accumulation............. 84,672 Aetna Growth and Income VP: Annuity contracts in accumulation............. 5,026,037,273 Annuity contracts in payment period........... 350,025,332 Aetna Growth VP: Annuity contracts in accumulation............. 202,458,428 Annuity contracts in payment period........... 187,556 Aetna Index Plus Large Cap VP: Annuity contracts in accumulation............. 520,347,045 Annuity contracts in payment period........... 2,102,188 Aetna Index Plus Mid Cap VP: Annuity contracts in accumulation............. 26,424,250 Aetna Index Plus Small Cap VP: Annuity contracts in accumulation............. 10,595,767 Aetna International VP: Annuity contracts in accumulation............. 14,337,357 Aetna Legacy VP: Annuity contracts in accumulation............. 203,595 Annuity contracts in payment period........... 39,760,158
S-50 VARIABLE ANNUITY ACCOUNT C STATEMENT OF ASSETS AND LIABILITIES - September 30, 2000 (Unaudited and continued): Aetna Money Market VP: Annuity contracts in accumulation............. $ 314,916,923 Annuity contracts in payment period........... 79,572 Aetna Small Company VP: Annuity contracts in accumulation............. 109,635,112 Annuity contracts in payment period........... 41,147 Aetna Technology VP Annuity contracts in accumulation............. 23,479,921 Aetna Value Opportunity VP: Annuity contracts in accumulation............. 43,686,203 AIM V.I. Funds: Capital Appreciation Fund: Annuity contracts in accumulation............. 18,826,545 Growth and Income Fund: Annuity contracts in accumulation............. 43,767,933 Growth Fund: Annuity contracts in accumulation............. 21,521,443 Value Fund: Annuity contracts in accumulation............. 19,488,521 Calvert Social Balanced Portfolio: Annuity contracts in accumulation............. 67,276,992 Fidelity Investments Variable Insurance Products Fund: Equity-Income Portfolio: Annuity contracts in accumulation............. 183,816,408 Growth Portfolio: Annuity contracts in accumulation............. 503,699,058 High Income Portfolio: Annuity contracts in accumulation............. 2,917,005 Overseas Portfolio: Annuity contracts in accumulation............. 19,564,802 Fidelity Investments Variable Insurance Products Fund II: Asset Manager Portfolio: Annuity contracts in accumulation............. 25,146,490 Contrafund Portfolio: Annuity contracts in accumulation............. 454,113,123 Index 500 Portfolio: Annuity contracts in accumulation............. 115,382,220 Janus Aspen Series: Aggressive Growth Portfolio: Annuity contracts in accumulation............. 1,375,389,645 Balanced Portfolio: Annuity contracts in accumulation............. 291,568,388 Flexible Income Portfolio: Annuity contracts in accumulation............. 34,750,412
S-51 VARIABLE ANNUITY ACCOUNT C STATEMENT OF ASSETS AND LIABILITIES - September 30, 2000 (Unaudited and continued): Growth Portfolio: Annuity contracts in accumulation............. $ 1,127,802 Annuity contracts in payment period........... 496,752,536 Worldwide Growth Portfolio: Annuity contracts in accumulation............. 1,200,854 Annuity contracts in payment period........... 1,248,704,210 Lexington Emerging Markets Fund: Annuity contracts in accumulation............. 8,439,062 Lexington Natural Resources Trust Fund: Annuity contracts in accumulation............. 15,863,230 MFS Funds: Total Return Series: Annuity contracts in accumulation............. 996,751 Oppenheimer Funds: Global Securities Fund/VA: Annuity contracts in accumulation............. 35,379,609 Strategic Bond Fund/VA: Annuity contracts in accumulation............. 23,455 Annuity contracts in payment period........... 5,337,088 Portfolio Partners, Inc. (PPI): PPI MFS Capital Opportunities Portfolio: Annuity contracts in accumulation............. 313,217,320 Annuity contracts in payment period........... 367,597 PPI MFS Emerging Equities Portfolio: Annuity contracts in accumulation............. 549,431,632 Annuity contracts in payment period........... 139,585 PPI MFS Research Growth Portfolio: Annuity contracts in accumulation............. 264,142,752 PPI Scudder International Growth Portfolio: Annuity contracts in accumulation............. 232,889,808 Annuity contracts in payment period........... 10,301 PPI T. Rowe Price Growth Equity Portfolio: Annuity contracts in accumulation............. 64,376 Annuity contracts in payment period........... 257,197,216 -------------- $15,375,781,363 ==============
See Notes to Financial Statements S-52 VARIABLE ANNUITY ACCOUNT C STATEMENT OF OPERATIONS (UNAUDITED)
PERIOD ENDED SEPTEMBER 30, 2000 (UNAUDITED) ------------------ INVESTMENT INCOME: Income: (Notes 1, 3 and 5) Dividends....................................... $ 920,525,538 Expenses: (Notes 2 and 5) Valuation period deductions..................... (134,405,965) -------------- Net investment income............................. $ 786,119,573 -------------- NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS: Net realized gain on sales of investments: (Notes 1, 4 and 5) Proceeds from sales............................. $3,040,080,663 Cost of investments sold........................ 2,720,079,850 -------------- Net realized gain on investments.............. 320,000,813 -------------- Net unrealized gain on investments: (Note 5) Beginning of period............................. 2,223,496,072 End of period................................... 840,691,183 -------------- Net change in unrealized gain on investments................................. (1,382,804,889) -------------- Net realized and unrealized loss on investments... (1,062,804,076) -------------- Net increase in net assets resulting from operations...................................... ($276,684,503) ==============
See Notes to Financial Statements - -------------------------------------------------------------------------------- STATEMENTS OF CHANGES IN NET ASSETS (UNAUDITED)
PERIOD ENDED SEPTEMBER 30, 2000 1999 (UNAUDITED) (UNAUDITED) ----------- ----------- FROM OPERATIONS: Net investment income................... $ 786,119,573 $ 336,099,660 Net realized gain on investments........ 320,000,813 309,364,528 Net change in unrealized gain on investments........................... (1,382,804,889) 62,009,112 --------------- --------------- Net decrease (increase) in net assets resulting from operations............. (276,684,503) 707,473,300 --------------- --------------- FROM UNIT TRANSACTIONS: Variable annuity contract purchase payments.............................. 944,837,233 862,555,019 Transfer from the Company for mortality guarantee adjustments................. 1,900,020 1,644,823 Transfers to the Company's fixed account options............................... (5,983,404) 169,473,275 Transfer from the Company's other variable annuity accounts............. 292,140,652 30,341,778 Redemptions by contract holders......... (1,008,165,629) (1,066,755,857) Annuity Payments........................ (35,549,599) (32,319,325) Other................................... 186,441 195,545 Net increase (decrease) in net assets from unit transactions (Note 6).......................... 189,365,714 (34,864,742) Change in net assets.................... (87,318,789) 672,608,558 --------------- --------------- NET ASSETS: Beginning of period..................... 15,463,100,152 12,426,365,277 --------------- --------------- End of period........................... $15,375,781,363 $13,098,973,835 =============== ===============
See Notes to Financial Statements S-53 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited)
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA ASCENT VP: Qualified III $ 17.940 $ 18.475 2.98% 138.2 $ 2,553 Qualified V 17.814 18.323 2.86% 1,493.4 27,363 Qualified VI 17.940 18.475 2.98% 2,467,875.7 45,593,601 Qualified VIII 17.934 18.467 2.97% 8.6 159 Qualified X (1.15) 18.533 19.100 3.06% 12,361.6 236,102 Qualified X (1.25) 18.450 19.000 2.98% 412,815.7 7,843,333 Qualified XI 18.172 18.790 3.40% 67,528.6 1,268,858 Qualified XII (0.35) 10.649 11.253 5.67% (5) 134,720.7 1,515,957 Qualified XII (0.40) 16.043 16.626 3.63% 1,942.4 32,295 Qualified XII (0.45) 10.836 11.226 3.60% 58,463.2 656,312 Qualified XII (0.55) 10.819 11.200 3.52% 3,501.2 39,212 Qualified XII (0.65) 10.802 11.173 3.43% 204,607.4 2,286,127 Qualified XII (0.70) 10.793 11.160 3.40% 23,653.8 263,978 Qualified XII (0.75) 10.784 11.147 3.37% 224,395.4 2,501,317 Qualified XII (0.80) 11.458 11.839 3.33% 204,598.2 2,422,269 Qualified XII (0.85) 16.002 16.528 3.29% 118,545.2 1,959,288 Qualified XII (0.90) 11.279 11.646 3.25% 21,646.0 252,080 Qualified XII (0.95) 15.944 16.455 3.20% 53,748.2 884,446 Qualified XII (1.00) 15.915 16.419 3.17% 406,325.8 6,671,618 Qualified XII (1.05) 15.886 16.383 3.13% 55,272.5 905,551 Qualified XII (1.10) 15.857 16.348 3.10% 28,098.7 459,345 Qualified XII (1.15) 15.828 16.312 3.06% 30,197.8 492,578 Qualified XII (1.20) 15.799 16.276 3.02% 38,858.7 632,462 Qualified XII (1.25) 15.770 16.240 2.98% 1,870.6 30,379 Qualified XII (1.30) 15.742 16.205 2.94% 12,203.6 197,756 Qualified XII (1.35) 16.103 16.169 0.41% (2) 9.6 156 Qualified XII (1.40) 15.685 16.134 2.86% 735.9 11,872 Qualified XII (1.50) 15.628 16.063 2.78% 2,405.1 38,634 Qualified XIII 18.135 18.717 3.21% 11,132.0 208,362 Qualified XV 18.105 18.686 3.21% 11,069.3 206,843 Qualified XVI 17.818 18.315 2.79% 37,117.1 679,799 Qualified XVII 18.102 18.690 3.25% 1,675.3 31,312 Qualified XVIII 18.616 19.221 3.25% 6,002.7 115,379 Qualified XXI 18.122 18.725 3.33% 13,208.2 247,318 Qualified XXII 18.152 18.756 3.33% 9,619.7 180,424 Qualified XXIV 16.192 16.425 1.44% (6) 14,659.3 240,775 Qualified XXVII 18.479 18.492 0.07% (2) 27,316.8 505,145 Qualified XXVIII 18.479 18.475 (0.02%) (2) 5,766.0 106,526 - -------------------------------------------------------------------------------------------------------------------------- AETNA BALANCED VP, INC.: Qualified I 32.205 33.019 2.53% 41,222.6 1,361,122 Qualified III 32.002 32.796 2.48% 225,375.9 7,391,508 Qualified V 24.251 24.823 2.36% 3,389.4 84,135 Qualified VI 24.372 24.977 2.48% 19,086,609.4 476,724,410 Qualified VII 23.469 24.062 2.53% 225,912.4 5,435,992 Qualified VIII 22.622 23.182 2.48% 4,662.1 108,078 Qualified IX 22.855 23.509 2.86% 2,593.9 60,981 Qualified X (1.15) 24.523 25.150 2.56% 99,764.8 2,509,117 Qualified X (1.25) 24.372 24.977 2.48% 4,723,677.4 117,982,837 Qualified XI 24.687 25.403 2.90% 681,968.8 17,323,991 Qualified XII (0.35) 12.051 12.467 3.45% (5) 1,234,792.0 15,394,415 Qualified XII (0.40) 17.347 17.891 3.14% 10,138.0 181,379 Qualified XII (0.45) 12.064 12.438 3.10% 103,255.1 1,284,268 Qualified XII (0.55) 12.045 12.409 3.02% 204,730.8 2,540,407 Qualified XII (0.65) 12.026 12.379 2.94% 118,561.8 1,467,708 Qualified XII (0.70) 12.016 12.365 2.90% 143,607.4 1,775,660 Qualified XII (0.75) 12.006 12.350 2.87% 430,232.6 5,313,433 Qualified XII (0.80) 12.801 13.162 2.82% 3,216,926.8 42,342,712 Qualified XII (0.85) 17.303 17.785 2.79% 1,665,458.1 29,619,935 Qualified XII (0.90) 12.561 12.907 2.75% 19,345.8 249,691
S-54 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- Qualified XII (0.95) $ 17.240 $ 17.707 2.71% 633,714.8 $ 11,221,170 Qualified XII (1.00) 17.208 17.668 2.67% 1,930,151.9 34,102,345 Qualified XII (1.05) 17.177 17.629 2.63% 132,820.4 2,341,555 Qualified XII (1.10) 17.146 17.591 2.60% 49,757.5 875,279 Qualified XII (1.15) 17.115 17.552 2.55% 177,620.9 3,117,669 Qualified XII (1.20) 17.083 17.514 2.52% 47,361.4 829,482 Qualified XII (1.25) 17.052 17.476 2.49% 3,303.1 57,724 Qualified XII (1.30) 17.021 17.437 2.44% 4,551.2 79,361 Qualified XII (1.35) 16.663 17.399 4.42% (2) 59.3 1,033 Qualified XII (1.40) 16.960 17.361 2.36% 3,078.4 53,445 Qualified XII (1.50) 16.898 17.285 2.29% 6,855.2 118,492 Qualified XIII 24.637 25.305 2.71% 120,102.8 3,039,178 Qualified XV 24.596 25.263 2.71% 82,213.0 2,076,926 Qualified XVI 24.206 24.761 2.29% 326,375.7 8,081,336 Qualified XVII 24.529 25.185 2.67% 296,821.2 7,475,366 Qualified XVIII 24.529 25.185 2.67% 497,621.0 12,532,456 Qualified XIX 32.412 33.294 2.72% 55,562.3 1,849,866 Qualified XX 32.208 33.069 2.67% 110,661.7 3,659,496 Qualified XXI 24.619 25.314 2.82% 229,237.1 5,803,003 Qualified XXII 24.660 25.357 2.83% 88,791.3 2,251,444 Qualified XXIV 17.735 17.674 (0.34%) (6) 351,232.7 6,207,684 Qualified XXVII 31.463 32.827 4.34% (2) 1,649,271.9 54,140,653 Qualified XXVIII 31.464 32.796 4.23% (2) 164,792.3 5,404,587 Annuity contracts in payment period 34,979,917 - -------------------------------------------------------------------------------------------------------------------------- AETNA BOND VP: Qualified I 54.432 56.757 4.27% 11,835.5 671,741 Qualified III 53.738 56.008 4.22% 35,699.3 1,999,430 Qualified V 13.981 14.554 4.10% 10,465.3 152,310 Qualified VI 13.859 14.444 4.22% 10,226,017.7 147,703,698 Qualified VII 12.833 13.381 4.27% 130,536.7 1,746,704 Qualified VIII 12.760 13.298 4.22% 7,879.7 104,787 Qualified IX 13.012 13.602 4.53% 1,440.0 19,588 Qualified X (1.15) 13.945 14.544 4.30% 62,593.5 910,380 Qualified X (1.25) 13.859 14.444 4.22% 1,765,453.7 25,500,058 Qualified XI 14.037 14.690 4.65% 270,300.5 3,970,806 Qualified XII (0.35) 10.424 10.926 4.82% (5) 306,270.6 3,346,353 Qualified XII (0.40) 11.942 12.525 4.88% 1,421.4 17,803 Qualified XII (0.45) 10.396 10.900 4.85% 18,250.7 198,939 Qualified XII (0.55) 10.380 10.875 4.77% 26,915.2 292,695 Qualified XII (0.65) 10.363 10.849 4.69% 114,914.5 1,246,715 Qualified XII (0.70) 10.355 10.836 4.65% 106,372.1 1,152,675 Qualified XII (0.75) 10.346 10.823 4.61% 124,723.6 1,349,945 Qualified XII (0.80) 10.487 10.966 4.57% 657,581.5 7,211,138 Qualified XII (0.85) 11.911 12.451 4.53% 666,542.7 8,298,949 Qualified XII (0.90) 10.481 10.952 4.49% 3,370.8 36,916 Qualified XII (0.95) 11.867 12.396 4.46% 260,041.8 3,223,533 Qualified XII (1.00) 11.846 12.369 4.41% 994,909.4 12,306,099 Qualified XII (1.05) 11.824 12.342 4.38% 66,642.3 822,494 Qualified XII (1.10) 11.803 12.315 4.34% 19,048.8 234,585 Qualified XII (1.15) 11.781 12.288 4.30% 61,118.3 751,016 Qualified XII (1.20) 11.760 12.261 4.26% 24,743.2 303,375 Qualified XII (1.25) 11.738 12.234 4.23% 8,887.2 108,727 Qualified XII (1.30) 11.717 12.207 4.18% 7,269.3 88,739 Qualified XII (1.35) 11.769 12.181 3.50% (2) 58.1 708 Qualified XII (1.40) 11.674 12.154 4.11% 2,455.5 29,844 Qualified XII (1.50) 11.632 12.101 4.03% 969.8 11,736 Qualified XIII 14.009 14.634 4.46% 116,185.7 1,700,213 Qualified XV 13.986 14.609 4.45% 97,637.5 1,426,413
S-55 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA BOND VP: (continued): Qualified XVI $ 13.764 $ 14.319 4.03% 163,337.0 $ 2,338,804 Qualified XVII 13.912 14.516 4.34% 268,271.8 3,894,222 Qualified XVIII 13.912 14.516 4.34% 537,917.9 7,808,394 Qualified XIX 54.642 57.039 4.39% 9,004.5 513,611 Qualified XX 53.945 56.287 4.34% 19,803.6 1,114,680 Qualified XXI 13.999 14.639 4.57% 14,063.2 205,874 Qualified XXII 14.022 14.664 4.58% 37,027.0 542,946 Qualified XXIV 12.155 12.373 1.79% (6) 160,215.2 1,982,360 Qualified XXVII 53.528 56.060 4.73% (2) 603,603.1 33,837,916 Qualified XXVIII 53.528 56.008 4.63% (2) 136,552.9 7,647,986 Annuity contracts in payment period 5,735,689 - -------------------------------------------------------------------------------------------------------------------------- AETNA CROSSROADS VP: Qualified III 16.458 16.843 2.34% 26.5 446 Qualified V 16.342 16.704 2.22% 511.5 8,545 Qualified VI 16.458 16.843 2.34% 2,096,615.5 35,312,494 Qualified X (1.15) 16.923 17.331 2.41% 18,917.9 327,868 Qualified X (1.25) 16.847 17.241 2.34% 310,428.3 5,351,950 Qualified XI 16.670 17.130 2.76% 72,466.8 1,241,349 Qualified XII (0.35) 10.497 11.096 5.71% (5) 73,584.0 816,474 Qualified XII (0.40) 14.960 15.407 2.99% 564.9 8,703 Qualified XII (0.45) 10.752 11.070 2.96% 135,092.9 1,495,428 Qualified XII (0.55) 10.735 11.044 2.88% 4,463.0 49,287 Qualified XII (0.65) 10.718 11.018 2.80% 97,501.7 1,074,228 Qualified XII (0.70) 10.709 11.005 2.76% 13,463.0 148,154 Qualified XII (0.75) 10.701 10.992 2.72% 195,111.8 2,144,585 Qualified XII (0.80) 11.275 11.577 2.68% 121,222.8 1,403,422 Qualified XII (0.85) 14.921 15.316 2.65% 64,446.9 987,046 Qualified XII (0.90) 11.115 11.405 2.61% 5,665.6 64,614 Qualified XII (0.95) 14.867 15.249 2.57% 56,634.2 863,589 Qualified XII (1.00) 14.840 15.215 2.53% 127,857.8 1,945,377 Qualified XII (1.05) 14.813 15.182 2.49% 57,169.1 867,929 Qualified XII (1.10) 14.786 15.149 2.46% 46,355.7 702,224 Qualified XII (1.15) 14.759 15.115 2.41% 17,338.6 262,080 Qualified XII (1.20) 14.732 15.082 2.38% 382,776.4 5,773,124 Qualified XII (1.25) 14.705 15.049 2.34% 10,709.2 161,166 Qualified XII (1.30) 14.679 15.016 2.30% 13,632.9 204,715 Qualified XII (1.35) 14.793 14.983 1.28% (2) 2.7 41 Qualified XII (1.40) 14.625 14.951 2.23% 3,206.4 47,938 Qualified XII (1.50) 14.572 14.885 2.15% 1,353.7 20,150 Qualified XIII 16.637 17.064 2.57% 9,343.4 159,434 Qualified XV 16.609 17.035 2.56% 13,100.7 223,175 Qualified XVI 16.346 16.697 2.15% 30,941.6 516,628 Qualified XVII 16.607 17.039 2.60% 37,561.3 640,013 Qualified XVIII 16.999 17.442 2.61% 11,019.9 192,207 Qualified XXI 16.624 17.070 2.68% 10,871.2 185,574 Qualified XXII 16.652 17.099 2.68% 12,118.9 207,216 Qualified XXIV 14.969 15.220 1.68% (6) 6,061.5 92,256 Qualified XXVII 16.637 16.858 1.33% (2) 34,258.2 577,538 Qualified XXVIII 16.637 16.843 1.24% (2) 1,529.1 25,753 Annuity contracts in payment period 71,374 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES C: Qualified III 19.358 19.027 (1.71%) 29,166.2 554,948 Qualified VI 19.358 19.027 (1.71%) 4,685,570.0 89,152,697 Qualified XI 19.568 19.312 (1.31%) 547,536.8 10,574,154 Qualified XII (0.60) 13.075 13.400 2.49% (5) 66,327.8 888,776 Qualified XII (0.65) 19.672 19.459 (1.08%) 109.6 2,133 Qualified XII (0.70) 13.520 13.368 (1.12%) 23,934.9 319,965
S-56 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES C: (continued): Qualified XII (0.80) $ 13.498 $ 13.337 (1.19%) 6,967.8 $ 92,927 Qualified XII (0.90) 13.477 13.305 (1.28%) 10,694.0 142,287 Qualified XII (0.95) 12.849 13.290 3.43% (5) 8,063.5 107,161 Qualified XII (1.00) 13.455 13.274 (1.35%) 100,021.3 1,327,677 Qualified XII (1.05) 14.919 14.713 (1.38%) 587,274.4 8,640,645 Qualified XII (1.10) 19.615 19.336 (1.42%) 77,283.7 1,494,393 Qualified XII (1.15) 14.489 14.278 (1.46%) 4,014.7 57,322 Qualified XII (1.20) 19.550 19.259 (1.49%) 116,250.3 2,238,817 Qualified XII (1.25) 19.518 19.220 (1.53%) 994,095.6 19,106,341 Qualified XII (1.30) 19.486 19.181 (1.57%) 1,697.8 32,565 Qualified XII (1.35) 19.454 19.142 (1.60%) 4,950.9 94,772 Qualified XII (1.40) 19.422 19.104 (1.64%) 3,706.0 70,799 Qualified XII (1.45) 19.390 19.065 (1.68%) 3,011.6 57,418 Qualified XIII 19.550 19.259 (1.49%) 83,529.6 1,608,664 Qualified XV 19.536 19.245 (1.49%) 16,021.3 308,325 Qualified XVI 19.227 18.863 (1.89%) 28,413.5 535,950 Qualified XVII 19.358 19.027 (1.71%) 93,492.4 1,778,887 Qualified XXI 19.557 19.287 (1.38%) 48,366.3 932,827 Qualified XXII 19.571 19.301 (1.38%) 84,176.0 1,624,651 Qualified XXVII 18.371 19.045 3.67% (2) 390,245.0 7,432,142 Qualified XXVIII 18.372 19.027 3.57% (2) 123,661.4 2,352,915 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES D: Qualified III 10.726 10.413 (2.92%) 6,178.8 64,343 Qualified VI 10.726 10.413 (2.92%) 13,979,776.8 145,578,251 Qualified X (1.15) 10.726 10.413 (2.92%) 139,046.9 1,447,964 Qualified X (1.25) 10.726 10.413 (2.92%) 2,716,875.6 28,292,154 Qualified XI 10.775 10.505 (2.51%) 2,304,957.7 24,212,597 Qualified XII (0.60) 10.239 10.600 3.53% (5) 123,387.4 1,307,947 Qualified XII (0.65) 10.833 10.584 (2.30%) 1,176.9 12,456 Qualified XII (0.70) 10.832 10.579 (2.34%) 53,616.8 567,233 Qualified XII (0.80) 10.818 10.559 (2.39%) 29,655.0 313,112 Qualified XII (0.90) 10.805 10.538 (2.47%) 22,607.0 238,226 Qualified XII (0.95) 10.103 10.527 4.20% (5) 18,970.9 199,711 Qualified XII (1.00) 10.792 10.517 (2.55%) 223,714.8 2,352,783 Qualified XII (1.05) 10.785 10.506 (2.59%) 3,095,441.6 32,522,207 Qualified XII (1.10) 10.779 10.496 (2.63%) 128,641.4 1,350,236 Qualified XII (1.15) 10.772 10.486 (2.66%) 7,599.9 79,691 Qualified XII (1.20) 10.765 10.475 (2.69%) 300,498.8 3,147,842 Qualified XII (1.25) 10.759 10.465 (2.73%) 5,252,658.1 54,969,492 Qualified XII (1.30) 10.752 10.455 (2.76%) 40,666.4 425,155 Qualified XII (1.35) 10.745 10.444 (2.80%) 20,861.5 217,886 Qualified XII (1.40) 10.739 10.434 (2.84%) 10,656.7 111,193 Qualified XII (1.50) 10.726 10.413 (2.92%) 4,236.0 44,112 Qualified XII (1.75) 10.693 10.362 (3.10%) 7,858.4 81,430 Qualified XIII 10.765 10.475 (2.69%) 389,437.5 4,079,509 Qualified XV 10.765 10.475 (2.69%) 77,552.7 812,395 Qualified XVI 10.693 10.362 (3.10%) 118,614.3 1,229,103 Qualified XVII 10.726 10.413 (2.92%) 94,265.3 981,631 Qualified XVIII 10.726 10.413 (2.92%) 545,258.5 5,678,043 Qualified XXI 10.777 10.498 (2.59%) 211,351.8 2,218,829 Qualified XXII 10.777 10.498 (2.59%) 457,440.8 4,802,338 Qualified XXIV 10.406 10.468 0.60% (6) 75,284.6 788,116 Qualified XXVII 10.224 10.423 1.95% (2) 3,292,995.9 34,323,545 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES E: Qualified V 10.751 10.462 (2.69%) 489.8 5,124 Qualified VI 10.760 10.484 (2.57%) 6,058,948.4 63,521,204 Qualified X (1.15) 10.755 10.459 (2.75%) 155,988.4 1,631,507
S-57 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES E: (continued): Qualified X (1.25) $ 10.752 $ 10.457 (2.74%) 1,399,925.2 $ 14,638,699 Qualified XI 10.787 10.553 (2.17%) 767,665.1 8,100,910 Qualified XII (0.70) 10.807 10.593 (1.98%) 4,273.8 45,271 Qualified XII (0.80) 10.801 10.579 (2.06%) 24,171.6 255,711 Qualified XII (0.95) 10.224 10.559 3.28% (5) 57,482.8 606,935 Qualified XII (1.00) 10.789 10.552 (2.20%) 69,118.4 729,320 Qualified XII (1.05) 10.787 10.545 (2.24%) 1,187,000.4 12,516,830 Qualified XII (1.10) 10.784 10.538 (2.28%) 38,794.7 408,824 Qualified XII (1.15) 10.781 10.531 (2.32%) 1,599.9 16,849 Qualified XII (1.20) 10.778 10.525 (2.35%) 127,304.4 1,339,819 Qualified XII (1.25) 10.775 10.518 (2.39%) 1,556,485.7 16,370,725 Qualified XII (1.30) 10.772 10.511 (2.42%) 13,765.3 144,686 Qualified XII (1.35) 10.769 10.504 (2.46%) 4,033.4 42,368 Qualified XII (1.40) 10.766 10.497 (2.50%) 5,561.7 58,383 Qualified XII (1.50) 10.760 10.484 (2.57%) 9,586.0 100,498 Qualified XII (1.75) 10.745 10.450 (2.75%) 287.8 3,007 Qualified XIII 10.778 10.525 (2.35%) 104,357.4 1,098,312 Qualified XV 10.778 10.525 (2.35%) 87,697.8 922,978 Qualified XVI 10.745 10.450 (2.75%) 29,214.9 305,298 Qualified XVII 10.760 10.484 (2.57%) 125,452.9 1,315,250 Qualified XVIII 10.752 10.457 (2.74%) 66,352.2 693,839 Qualified XXI 10.787 10.545 (2.24%) 175,557.4 1,851,240 Qualified XXII 10.787 10.545 (2.24%) 177,167.2 1,868,215 Qualified XXIV 10.531 10.521 (0.09%) (6) 23,134.6 243,403 Qualified XXVII 10.283 10.494 2.05% (2) 1,104,581.4 11,591,084 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES G: Qualified VI 10.370 10.098 (2.62%) 1,638,947.9 16,550,721 Qualified X (1.25) 10.369 10.078 (2.81%) 476,916.9 4,806,558 Qualified XI 10.384 10.154 (2.21%) 88,066.2 894,213 Qualified XII (0.60) 9.873 10.195 3.26% (5) 6,269.9 63,920 Qualified XII (0.80) 10.392 10.173 (2.11%) 1,379.7 14,036 Qualified XII (0.90) 10.389 10.163 (2.18%) 359.6 3,654 Qualified XII (1.00) 10.386 10.152 (2.25%) 26,135.7 265,324 Qualified XII (1.05) 10.384 10.147 (2.28%) 182,362.1 1,850,364 Qualified XII (1.10) 10.383 10.141 (2.33%) 52,741.8 534,859 Qualified XII (1.20) 10.379 10.130 (2.40%) 22,442.8 227,354 Qualified XII (1.25) 10.378 10.125 (2.44%) 593,679.5 6,011,030 Qualified XII (1.30) 10.376 10.120 (2.47%) 1,481.7 14,994 Qualified XII (1.35) 10.375 10.114 (2.52%) 3,944.3 39,894 Qualified XII (1.40) 10.373 10.109 (2.55%) 6,765.9 68,397 Qualified XII (1.45) 10.371 10.104 (2.57%) 35,870.7 362,426 Qualified XII (1.55) 10.193 10.093 (0.98%) (7) 132.0 1,332 Qualified XIII 10.379 10.130 (2.40%) 30,398.4 307,947 Qualified XV 10.379 10.130 (2.40%) 30,399.1 307,955 Qualified XVI 10.362 10.072 (2.80%) 5,838.5 58,804 Qualified XVII 10.370 10.098 (2.62%) 29,548.6 298,393 Qualified XVIII 10.369 10.078 (2.81%) 70,157.0 707,071 Qualified XXI 10.384 10.146 (2.29%) 9,706.2 98,483 Qualified XXII 10.384 10.146 (2.29%) 18,135.3 184,008 Qualified XXIV 10.067 10.128 0.61% (6) 6,204.6 62,842 Qualified XXVII 9.923 10.108 1.86% (2) 589,788.4 5,961,662 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES H: Qualified VI 10.020 10.363 3.42% 1,312,796.4 13,604,945 Qualified X (1.15) 10.086 10.352 2.64% (2) 48,348.4 500,493 Qualified X (1.25) 10.020 10.349 3.28% 250,467.4 2,592,152 Qualified XI 10.022 10.408 3.85% 111,690.3 1,162,452 Qualified XII (0.60) 10.178 10.437 2.54% (5) 335.5 3,502
S-58 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES H: (continued): Qualified XII (0.80) $ 10.050 $ 10.421 3.69% (1) 13,648.5 $ 142,227 Qualified XII (0.90) 10.652 10.413 (2.24%) (3) 1,483.2 15,444 Qualified XII (0.95) 10.085 10.408 3.20% (5) 10,894.9 113,398 Qualified XII (1.00) 10.043 10.404 3.59% (1) 15,376.5 159,982 Qualified XII (1.05) 10.021 10.400 3.78% (1) 341,417.1 3,550,803 Qualified XII (1.10) 10.042 10.396 3.53% (1) 23,490.5 244,210 Qualified XII (1.20) 10.021 10.388 3.66% 14,286.6 148,407 Qualified XII (1.25) 10.021 10.384 3.62% 299,560.3 3,110,573 Qualified XII (1.30) 10.021 10.380 3.58% 1,295.0 13,441 Qualified XII (1.35) 10.020 10.376 3.55% 8,826.0 91,575 Qualified XII (1.40) 10.044 10.372 3.27% (1) 5,910.1 61,296 Qualified XII (1.45) 10.020 10.367 3.46% 5,077.5 52,641 Qualified XIII 10.021 10.388 3.66% 23,577.7 244,923 Qualified XV 10.021 10.388 3.66% 16,123.9 167,493 Qualified XVI 10.019 10.343 3.23% 9,660.3 99,915 Qualified XVII 10.043 10.363 3.19% (1) 58,382.3 605,035 Qualified XVIII 10.020 10.349 3.28% 68,087.0 704,650 Qualified XXI 10.022 10.400 3.77% 5,072.4 52,754 Qualified XXII 10.033 10.400 3.66% (1) 38,247.3 397,779 Qualified XXVII 10.066 10.373 3.05% (2) 289,577.2 3,003,784 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES I: Qualified X (1.25) 10.005 10.079 0.74% (3) 125,291.7 1,262,798 Qualified XVIII 10.020 10.079 0.59% (4) 25,385.3 255,856 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES J: Qualified X (1.25) 9.997 9.911 (0.86%) (6) 40,346.2 399,876 Qualified XVIII 10.098 9.911 (1.85%) (9) 6,624.4 65,655 - -------------------------------------------------------------------------------------------------------------------------- AETNA GET FUND, SERIES K: Qualified X (1.25) 10.031 10.039 0.08% (9) 3,937.5 39,529 Qualified XXVII 10.023 10.040 0.17% (9) 4,496.5 45,143 - -------------------------------------------------------------------------------------------------------------------------- AETNA GROWTH AND INCOME VP: Qualified I 374.804 364.628 (2.72%) 104,808.5 38,216,102 Qualified III 284.994 277.132 (2.76%) 105,749.4 29,306,541 Qualified V 28.987 28.154 (2.87%) 16,126.9 454,037 Qualified VI 29.100 28.297 (2.76%) 94,580,907.4 2,676,379,582 Qualified VII 27.450 26.704 (2.72%) 7,292,308.7 194,735,496 Qualified VIII 27.018 26.271 (2.76%) 50,941.4 1,338,292 Qualified IX 27.182 26.531 (2.39%) 15,580.8 413,367 Qualified X (1.15) 29.280 28.494 (2.68%) 478,496.7 13,634,218 Qualified X (1.25) 29.100 28.297 (2.76%) 15,562,231.4 440,368,353 Qualified XI 29.475 28.780 (2.36%) 4,237,750.3 121,961,292 Qualified XII (0.35) 11.432 11.636 1.78% (5) 5,107,336.3 59,427,264 Qualified XII (0.40) 19.586 19.167 (2.14%) 54,851.3 1,051,312 Qualified XII (0.45) 11.867 11.608 (2.18%) 383,573.5 4,452,610 Qualified XII (0.55) 11.847 11.581 (2.25%) 1,039,112.8 12,033,853 Qualified XII (0.65) 11.828 11.554 (2.32%) 456,149.2 5,270,172 Qualified XII (0.70) 11.819 11.540 (2.36%) 521,557.7 6,018,780 Qualified XII (0.75) 11.809 11.526 (2.40%) 3,178,346.4 36,634,924 Qualified XII (0.80) 12.939 12.625 (2.43%) 12,263,162.5 154,819,018 Qualified XII (0.85) 19.535 19.053 (2.47%) 5,103,043.6 97,228,157 Qualified XII (0.90) 12.572 12.258 (2.50%) 130,727.3 1,602,397 Qualified XII (0.95) 19.464 18.970 (2.54%) 2,871,640.8 54,473,654 Qualified XII (1.00) 19.429 18.928 (2.58%) 10,259,912.9 194,200,349 Qualified XII (1.05) 19.393 18.887 (2.61%) 492,917.7 9,309,521 Qualified XII (1.10) 19.358 18.845 (2.65%) 236,399.0 4,454,997 Qualified XII (1.15) 19.323 18.804 (2.69%) 353,058.1 6,638,880 Qualified XII (1.20) 19.288 18.763 (2.72%) 193,302.8 3,626,882
S-59 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA GROWTH AND INCOME VP: (continued): Qualified XII (1.25) $ 19.253 $ 18.722 (2.76%) 51,269.7 $ 959,855 Qualified XII (1.30) 19.218 18.681 (2.79%) 15,009.7 280,391 Qualified XII (1.35) 18.079 18.640 3.10% (2) 53.7 1,002 Qualified XII (1.40) 19.148 18.599 (2.87%) 21,157.3 393,502 Qualified XII (1.50) 19.078 18.518 (2.94%) 20,303.2 375,966 Qualified XIII 29.416 28.669 (2.54%) 895,972.7 25,686,276 Qualified XV 29.367 28.621 (2.54%) 892,854.4 25,554,360 Qualified XVI 28.902 28.052 (2.94%) 1,334,761.3 37,443,355 Qualified XVII 29.287 28.533 (2.57%) 4,513,159.3 128,772,385 Qualified XVIII 29.287 28.533 (2.57%) 4,839,459.0 138,082,581 Qualified XIX 377.218 367.661 (2.53%) 56,387.1 20,731,361 Qualified XX 286.829 279.437 (2.58%) 129,309.6 36,133,936 Qualified XXI 29.394 28.680 (2.43%) 886,307.7 25,418,876 Qualified XXII 29.443 28.727 (2.43%) 1,133,711.4 32,568,406 Qualified XXIV 19.041 18.934 (0.56%) (6) 1,191,475.4 22,559,696 Qualified XXVII 275.773 277.391 0.59% (2) 1,277,322.6 354,317,810 Qualified XXVIII 275.776 277.132 0.49% (2) 31,419.9 8,707,465 Annuity contracts in payment period 350,025,332 - -------------------------------------------------------------------------------------------------------------------------- AETNA GROWTH VP: Qualified III 18.124 19.089 5.32% 815.8 15,573 Qualified V 23.771 25.008 5.20% 3,220.1 80,527 Qualified VI 23.875 25.147 5.33% 4,268,457.7 107,338,446 Qualified VIII 23.870 25.140 5.32% 1,163.2 29,244 Qualified X (1.15) 23.940 25.234 5.41% 24,366.6 614,878 Qualified X (1.25) 23.875 25.147 5.33% 644,203.2 16,199,708 Qualified XI 24.094 25.481 5.76% 247,006.7 6,293,994 Qualified XII (0.35) 15.254 16.369 7.31% (5) 163,857.2 2,682,115 Qualified XII (0.40) 24.222 25.674 5.99% 791.8 20,330 Qualified XII (0.45) 15.412 16.330 5.96% 213,143.3 3,480,635 Qualified XII (0.55) 15.387 16.292 5.88% 20,004.8 325,909 Qualified XII (0.65) 15.362 16.253 5.80% 19,688.3 319,998 Qualified XII (0.70) 15.350 16.234 5.76% 169,673.6 2,754,489 Qualified XII (0.75) 15.338 16.215 5.72% 228,347.9 3,702,654 Qualified XII (0.80) 17.447 18.438 5.68% 1,079,888.4 19,910,771 Qualified XII (0.85) 24.137 25.499 5.64% 85,537.3 2,181,097 Qualified XII (0.90) 16.962 17.912 5.60% 9,731.8 174,315 Qualified XII (0.95) 24.071 25.410 5.56% 88,450.2 2,247,546 Qualified XII (1.00) 24.039 25.366 5.52% 718,057.4 18,214,423 Qualified XII (1.05) 24.006 25.322 5.48% 62,431.8 1,580,910 Qualified XII (1.10) 23.973 25.278 5.44% 13,332.2 337,017 Qualified XII (1.15) 23.940 25.234 5.41% 19,320.4 487,539 Qualified XII (1.20) 23.908 25.191 5.37% 6,873.4 173,145 Qualified XII (1.25) 23.875 25.147 5.33% 8,986.0 225,969 Qualified XII (1.30) 23.843 25.103 5.28% 7,013.7 176,066 Qualified XII (1.35) 23.242 25.060 7.82% (2) 157.5 3,946 Qualified XII (1.40) 23.778 25.016 5.21% 1,649.2 41,257 Qualified XII (1.50) 23.713 24.929 5.13% 3,821.4 95,266 Qualified XIII 24.071 25.410 5.56% 33,168.6 842,824 Qualified XV 24.071 25.410 5.56% 39,641.9 1,007,314 Qualified XVI 23.713 24.929 5.13% 74,466.6 1,856,410 Qualified XVII 23.875 25.147 5.33% 55,752.0 1,401,990 Qualified XVIII 24.091 25.440 5.60% 59,881.9 1,523,405 Qualified XXI 24.094 25.462 5.68% 74,018.7 1,884,685 Qualified XXII 24.094 25.462 5.68% 97,420.2 2,480,540 Qualified XXIV 26.062 25.375 (2.64%) (6) 57,438.8 1,457,482 Qualified XXVII 9.343 9.345 0.02% (9) 31,676.0 296,011 Annuity contracts in payment period 187,556 - --------------------------------------------------------------------------------------------------------------------------
S-60 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA INDEX PLUS LARGE CAP VP: Qualified V $ 22.923 $ 22.420 (2.19%) 960.7 $ 21,539 Qualified VI 23.044 22.565 (2.08%) 10,685,188.1 241,111,394 Qualified VIII 23.038 22.558 (2.08%) 1,593.6 35,948 Qualified X (1.15) 23.120 22.656 (2.01%) 63,771.7 1,444,833 Qualified X (1.25) 23.044 22.565 (2.08%) 1,228,918.4 27,730,558 Qualified XI 23.294 22.904 (1.67%) 683,616.3 15,657,324 Qualified XII (0.35) 13.504 13.815 2.30% (5) 342,677.8 4,733,974 Qualified XII (0.40) 23.418 23.077 (1.46%) 1,442.3 33,285 Qualified XII (0.45) 13.991 13.782 (1.49%) 354,369.3 4,883,952 Qualified XII (0.55) 13.968 13.750 (1.56%) 132,572.2 1,822,820 Qualified XII (0.65) 13.946 13.717 (1.64%) 206,152.9 2,827,856 Qualified XII (0.70) 13.935 13.701 (1.68%) 87,756.6 1,202,361 Qualified XII (0.75) 13.923 13.685 (1.71%) 460,696.0 6,304,610 Qualified XII (0.80) 15.521 15.249 (1.75%) 2,827,734.5 43,121,521 Qualified XII (0.85) 23.350 22.933 (1.79%) 622,015.7 14,264,450 Qualified XII (0.90) 15.036 14.762 (1.82%) 20,918.4 308,798 Qualified XII (0.95) 23.273 22.840 (1.86%) 323,019.3 7,377,786 Qualified XII (1.00) 23.235 22.794 (1.90%) 1,893,956.4 43,170,938 Qualified XII (1.05) 23.196 22.748 (1.93%) 102,089.3 2,322,330 Qualified XII (1.10) 23.158 22.702 (1.97%) 81,292.8 1,845,523 Qualified XII (1.15) 23.120 22.656 (2.01%) 39,940.2 904,899 Qualified XII (1.20) 23.082 22.611 (2.04%) 27,104.6 612,850 Qualified XII (1.25) 23.044 22.565 (2.08%) 13,728.3 309,780 Qualified XII (1.30) 23.006 22.519 (2.12%) 17,757.0 399,877 Qualified XII (1.35) 21.210 22.474 5.96% (2) 141.9 3,189 Qualified XII (1.40) 22.930 22.429 (2.18%) 6,099.9 136,812 Qualified XII (1.50) 22.855 22.338 (2.26%) 5,529.0 123,508 Qualified XIII 23.273 22.840 (1.86%) 94,450.3 2,157,252 Qualified XIV 23.044 22.565 (2.08%) 454.0 10,245 Qualified XV 23.256 22.823 (1.86%) 39,579.4 903,323 Qualified XVI 22.887 22.370 (2.26%) 136,341.0 3,049,932 Qualified XVII 23.103 22.640 (2.00%) 88,880.0 2,012,233 Qualified XVIII 23.252 22.828 (1.82%) 65,709.7 1,500,032 Qualified XXI 23.277 22.870 (1.75%) 359,667.7 8,225,516 Qualified XXII 23.294 22.887 (1.75%) 136,795.7 3,130,814 Qualified XXIV 23.001 22.801 (0.87%) (6) 88,242.2 2,012,053 Qualified XXVII 21.787 22.586 3.67% (2) 2,148,724.7 48,531,320 Qualified XXVIII 21.787 22.565 3.57% (2) 1,156,729.3 26,101,610 Annuity contracts in payment period 2,102,188 - -------------------------------------------------------------------------------------------------------------------------- AETNA INDEX PLUS MID CAP VP: Qualified V 12.497 15.513 24.13% (1) 123.0 1,909 Qualified VI 12.455 15.574 25.04% 827,143.8 12,881,800 Qualified VIII 12.454 15.571 25.03% 2.9 45 Qualified X (1.15) 13.477 15.612 15.84% (3) 4,593.0 71,705 Qualified X (1.25) 12.455 15.574 25.04% 121,406.4 1,890,763 Qualified XI 12.530 15.732 25.55% 65,076.0 1,023,756 Qualified XII (0.35) 14.273 16.285 14.10% (5) 25,902.2 421,820 Qualified XII (0.40) 12.597 15.851 25.83% 143.6 2,277 Qualified XII (0.45) 12.916 16.247 25.79% 13,387.2 217,498 Qualified XII (0.55) 12.896 16.208 25.68% 3,460.0 56,081 Qualified XII (0.65) 12.875 16.170 25.59% 6,212.8 100,463 Qualified XII (0.70) 12.864 16.151 25.55% 15,219.0 245,805 Qualified XII (0.75) 12.854 16.132 25.50% 12,310.8 198,600 Qualified XII (0.80) 12.551 15.745 25.45% 63,919.7 1,006,442 Qualified XII (0.85) 12.540 15.726 25.41% 24,564.7 386,311 Qualified XII (0.90) 12.529 15.707 25.37% 558.6 8,775 Qualified XII (0.95) 12.519 15.688 25.31% 12,288.1 192,776
S-61 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA INDEX PLUS MID CAP VP: (continued): Qualified XII (1.00) $ 12.508 $ 15.669 25.27% 139,688.7 $ 2,188,773 Qualified XII (1.05) 12.498 15.650 25.22% 2,649.9 41,471 Qualified XII (1.10) 12.487 15.631 25.18% 2,239.8 35,010 Qualified XII (1.15) 12.477 15.612 25.13% 1,705.8 26,631 Qualified XII (1.20) 12.466 15.593 25.08% 1,884.2 29,379 Qualified XII (1.25) 12.455 15.574 25.04% 1,400.7 21,814 Qualified XII (1.30) 12.445 15.555 24.99% 667.9 10,389 Qualified XII (1.35) 12.420 15.536 25.09% (2) 94.4 1,466 Qualified XII (1.40) 12.564 15.517 23.50% (2) 67.2 1,043 Qualified XII (1.50) 12.403 15.479 24.80% 245.5 3,800 Qualified XIII 12.519 15.688 25.31% 11,724.3 183,931 Qualified XV 12.519 15.688 25.31% 10,446.2 163,881 Qualified XVI 12.403 15.479 24.80% 8,644.0 133,804 Qualified XVII 12.475 15.574 24.84% (2) 2,122.4 33,053 Qualified XVIII 12.455 15.574 25.04% 10,913.8 169,970 Qualified XXI 12.530 15.720 25.46% 16,340.5 256,875 Qualified XXII 12.530 15.720 25.46% 10,957.1 172,247 Qualified XXIV 14.131 15.674 10.92% (6) 1,015.3 15,914 Qualified XXVII 13.115 16.229 23.74% (2) 203,874.5 3,308,603 Qualified XXVIII 13.116 16.213 23.61% (2) 56,704.1 919,370 - -------------------------------------------------------------------------------------------------------------------------- AETNA INDEX PLUS SMALL CAP VP: Qualified VI 9.645 10.195 5.70% 446,925.1 4,556,468 Qualified X (1.15) 9.661 10.220 5.79% 1,442.1 14,738 Qualified X (1.25) 9.645 10.195 5.70% 92,171.0 939,697 Qualified XI 9.703 10.299 6.14% 27,354.4 281,710 Qualified XII (0.35) 9.804 10.836 10.53% (5) 10,512.1 113,914 Qualified XII (0.45) 10.166 10.811 6.34% 2,576.8 27,858 Qualified XII (0.55) 10.150 10.785 6.26% 70.3 759 Qualified XII (0.65) 10.134 10.760 6.18% 40,129.5 431,795 Qualified XII (0.70) 10.126 10.747 6.13% 1,305.5 14,031 Qualified XII (0.75) 10.117 10.735 6.11% 11,941.4 128,186 Qualified XII (0.80) 9.718 10.308 6.07% 51,259.8 528,363 Qualified XII (0.85) 9.710 10.295 6.02% 16,375.8 168,588 Qualified XII (0.90) 9.702 10.282 5.98% 967.2 9,945 Qualified XII (0.95) 9.694 10.270 5.94% 11,331.2 116,371 Qualified XII (1.00) 9.686 10.257 5.90% 61,193.5 627,689 Qualified XII (1.05) 9.677 10.245 5.87% 3,093.9 31,696 Qualified XII (1.10) 9.669 10.232 5.82% 2,172.1 22,226 Qualified XII (1.15) 9.661 10.220 5.79% 1,716.8 17,545 Qualified XII (1.20) 9.653 10.208 5.75% 1,416.4 14,458 Qualified XII (1.25) 8.614 10.195 18.35% (4) 111.3 1,135 Qualified XII (1.30) 9.637 10.183 5.67% 16.1 164 Qualified XII (1.35) 9.777 10.170 4.02% (2) 13.2 134 Qualified XII (1.40) 9.746 10.158 4.23% (2) 862.2 8,758 Qualified XII (1.50) 9.604 10.133 5.51% 276.3 2,800 Qualified XIII 9.694 10.270 5.94% 3,552.6 36,485 Qualified XV 9.694 10.270 5.94% 3,817.0 39,200 Qualified XVI 9.604 10.133 5.51% 3,930.6 39,829 Qualified XVII 9.645 10.195 5.70% 48.3 492 Qualified XVIII 9.645 10.195 5.70% 3,001.5 30,601 Qualified XXI 9.703 10.291 6.06% 11,323.2 116,527 Qualified XXII 9.703 10.291 6.06% 6,755.8 69,524 Qualified XXIV 9.929 10.261 3.34% (6) 422.5 4,335 Qualified XXVII 10.151 10.600 4.42% (2) 163,624.6 1,734,488 Qualified XXVIII 10.151 10.591 4.33% (2) 43,931.7 465,258 - --------------------------------------------------------------------------------------------------------------------------
S-62 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA INTERNATIONAL VP: Qualified V $ 14.554 $ 13.103 (9.97%) 61.5 $ 806 Qualified VI 14.594 13.154 (9.87%) 665,212.0 8,750,504 Qualified VIII 14.592 13.152 (9.87%) 9.4 124 Qualified X (1.15) 14.618 13.187 (9.79%) 1,073.0 14,148 Qualified X (1.25) 14.594 13.154 (9.87%) 110,437.8 1,452,748 Qualified XI 14.682 13.288 (9.49%) 16,016.5 212,824 Qualified XII (0.35) 14.054 13.101 (6.78%) (5) 13,350.8 174,907 Qualified XII (0.45) 14.414 13.070 (9.32%) 33,935.2 443,531 Qualified XII (0.55) 14.391 13.039 (9.39%) 833.3 10,865 Qualified XII (0.65) 14.367 13.009 (9.45%) 1,387.1 18,044 Qualified XII (0.70) 14.356 12.993 (9.49%) 35,938.7 466,957 Qualified XII (0.75) 14.344 12.978 (9.52%) 5,181.2 67,241 Qualified XII (0.80) 14.705 13.299 (9.56%) 54,536.2 725,296 Qualified XII (0.85) 14.693 13.283 (9.60%) 18,329.8 243,479 Qualified XII (0.90) 14.680 13.267 (9.63%) 79.3 1,052 Qualified XII (0.95) 14.668 13.251 (9.66%) 11,783.6 156,144 Qualified XII (1.00) 14.656 13.235 (9.70%) 48,757.8 645,299 Qualified XII (1.05) 14.643 13.219 (9.72%) 3,170.6 41,911 Qualified XII (1.10) 14.631 13.203 (9.76%) 1,851.2 24,440 Qualified XII (1.15) 14.618 13.187 (9.79%) 1,255.3 16,553 Qualified XII (1.20) 14.606 13.170 (9.83%) 929.7 12,245 Qualified XII (1.25) 14.594 13.154 (9.87%) 759.1 9,985 Qualified XII (1.30) 14.582 13.138 (9.90%) 146.9 1,930 Qualified XII (1.35) 15.783 13.122 (16.86%) (2) 14.3 188 Qualified XII (1.40) 14.557 13.107 (9.96%) 308.5 4,044 Qualified XII (1.50) 14.532 13.075 (10.03%) 154.8 2,024 Qualified XIII 14.668 13.251 (9.66%) 5,277.6 69,933 Qualified XV 14.668 13.251 (9.66%) 928.5 12,303 Qualified XVI 14.532 13.075 (10.03%) 10,354.8 135,385 Qualified XVIII 14.594 13.154 (9.87%) 9,314.6 122,529 Qualified XXI 14.681 13.278 (9.56%) 2,270.8 30,152 Qualified XXII 14.681 13.278 (9.56%) 23,320.9 309,655 Qualified XXIV 14.803 13.239 (10.57%) (6) 11,561.7 153,066 Qualified XXVII 9.610 9.269 (3.55%) (9) 760.1 7,045 - -------------------------------------------------------------------------------------------------------------------------- AETNA LEGACY VP: Qualified III 15.070 15.709 4.24% 459.9 7,225 Qualified V 14.964 15.580 4.12% 851.4 13,264 Qualified VI 15.070 15.709 4.24% 1,274,209.1 20,016,020 Qualified X (1.15) 15.203 15.859 4.31% 18,027.4 285,905 Qualified X (1.25) 15.135 15.777 4.24% 383,070.7 6,043,710 Qualified XI 15.264 15.977 4.67% 47,670.7 761,611 Qualified XII (0.35) 10.706 11.287 5.43% (5) 40,331.3 455,226 Qualified XII (0.40) 13.986 14.671 4.90% 126.0 1,849 Qualified XII (0.45) 10.738 11.261 4.87% 41,092.3 462,722 Qualified XII (0.55) 10.721 11.234 4.79% 19,788.9 222,309 Qualified XII (0.65) 10.704 11.208 4.71% 53,642.9 601,206 Qualified XII (0.70) 10.695 11.194 4.67% 6,473.3 72,464 Qualified XII (0.75) 10.686 11.181 4.63% 66,364.6 742,033 Qualified XII (0.80) 11.073 11.582 4.60% 136,397.5 1,579,710 Qualified XII (0.85) 13.950 14.584 4.54% 43,679.0 637,030 Qualified XII (0.90) 10.986 11.482 4.51% 1,738.2 19,957 Qualified XII (0.95) 13.899 14.520 4.47% 27,956.8 405,945 Qualified XII (1.00) 13.874 14.489 4.43% 181,879.4 2,635,193 Qualified XII (1.05) 13.848 14.457 4.40% 36,107.6 522,004 Qualified XII (1.10) 13.823 14.425 4.36% 24,240.7 349,679 Qualified XII (1.15) 13.798 14.394 4.32% 13,853.1 199,397 Qualified XII (1.20) 13.773 14.362 4.28% 22,113.9 317,601
S-63 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA LEGACY VP: (continued): Qualified XII (1.25) $ 13.748 $ 14.331 4.24% 7,087.0 $ 101,561 Qualified XII (1.30) 13.723 14.299 4.20% 6,523.0 93,274 Qualified XII (1.40) 13.673 14.237 4.12% 430.4 6,128 Qualified XII (1.50) 13.623 14.174 4.04% 1,680.2 23,816 Qualified XIII 15.234 15.916 4.48% 2,698.4 42,947 Qualified XV 15.208 15.888 4.47% 7,059.5 112,164 Qualified XVI 14.967 15.573 4.05% 21,561.0 335,761 Qualified XVII 15.206 15.892 4.51% 21,067.9 334,809 Qualified XVIII 15.272 15.961 4.51% 44,024.7 702,683 Qualified XXI 15.222 15.921 4.59% 48,525.2 772,565 Qualified XXII 15.248 15.948 4.59% 5,113.3 81,549 Qualified XXIV 14.232 14.493 1.83% (6) 1,075.9 15,593 Qualified XXVII 15.132 15.723 3.91% (2) 49,941.7 785,248 Annuity contracts in payment period 203,595 - -------------------------------------------------------------------------------------------------------------------------- AETNA MONEY MARKET VP: Qualified I 45.192 46.880 3.74% 31,081.6 1,457,091 Qualified III 44.501 46.142 3.69% 34,876.6 1,609,277 Qualified V 12.808 13.264 3.56% 18,837.6 249,865 Qualified VI 12.917 13.393 3.69% 9,872,506.9 132,221,616 Qualified VII 12.842 13.321 3.73% 304,395.8 4,054,890 Qualified VIII 12.437 12.895 3.68% 10,547.9 136,014 Qualified IX 12.847 13.345 3.88% 1,680.4 22,426 Qualified X (1.15) 12.997 13.487 3.77% 273,325.6 3,686,226 Qualified X (1.25) 12.917 13.393 3.69% 2,332,395.8 31,237,573 Qualified XI 13.083 13.621 4.11% 418,918.3 5,706,250 Qualified XII (0.35) 11.033 11.268 2.13% (5) 443,047.2 4,992,193 Qualified XII (0.40) 11.748 12.259 4.35% 3,373.4 41,354 Qualified XII (0.45) 10.777 11.241 4.31% 22,827.1 256,605 Qualified XII (0.55) 10.760 11.215 4.23% 54,551.3 611,780 Qualified XII (0.65) 10.742 11.188 4.15% 211,573.0 2,367,153 Qualified XII (0.70) 10.734 11.175 4.11% 132,140.0 1,476,684 Qualified XII (0.75) 10.725 11.162 4.07% 267,227.4 2,982,792 Qualified XII (0.80) 10.855 11.294 4.04% 1,518,174.4 17,145,774 Qualified XII (0.85) 11.717 12.186 4.00% 404,882.4 4,933,874 Qualified XII (0.90) 10.811 11.239 3.96% 13,172.6 148,043 Qualified XII (0.95) 11.675 12.133 3.92% 397,453.9 4,822,126 Qualified XII (1.00) 11.654 12.106 3.88% 1,647,867.9 19,949,108 Qualified XII (1.05) 11.632 12.079 3.84% 61,354.3 741,126 Qualified XII (1.10) 11.611 12.053 3.81% 56,067.9 675,787 Qualified XII (1.15) 11.590 12.027 3.77% 51,006.4 613,433 Qualified XII (1.20) 11.569 12.000 3.73% 37,801.1 453,621 Qualified XII (1.25) 11.548 11.974 3.69% 16,747.1 200,529 Qualified XII (1.30) 11.527 11.948 3.65% 3,116.4 37,233 Qualified XII (1.35) 11.577 11.921 2.97% (2) 55.3 659 Qualified XII (1.40) 11.485 11.895 3.57% 4,321.1 51,402 Qualified XII (1.50) 11.443 11.843 3.50% 9,924.5 117,539 Qualified XIII 13.057 13.569 3.92% 92,229.3 1,251,436 Qualified XV 13.035 13.546 3.92% 79,560.5 1,077,744 Qualified XVI 12.829 13.277 3.49% 137,385.1 1,824,062 Qualified XVII 12.917 13.393 3.69% 480,778.1 6,439,018 Qualified XVIII 12.917 13.393 3.69% 818,705.4 10,964,850 Qualified XIX 45.192 46.880 3.74% 16,771.6 786,246 Qualified XX 44.501 46.142 3.69% 77,674.8 3,584,074 Qualified XXI 13.047 13.574 4.04% 121,488.2 1,649,072 Qualified XXII 13.069 13.597 4.04% 147,659.6 2,007,655 Qualified XXIV 11.938 12.110 1.44% (6) 115,316.6 1,396,480 Qualified XXVII 44.732 46.401 3.73% (2) 643,729.3 29,869,945
S-64 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA MONEY MARKET VP: (continued): Qualified XXVIII $ 44.735 $ 46.142 3.15% (2) 239,831.2 $ 11,066,298 Annuity contracts in payment period 79,572 - -------------------------------------------------------------------------------------------------------------------------- AETNA SMALL COMPANY VP: Qualified V 17.540 20.147 14.86% 708.7 14,278 Qualified VI 17.617 20.260 15.00% 2,407,113.6 48,767,139 Qualified VIII 17.613 20.254 14.99% 620.7 12,571 Qualified X (1.15) 17.665 20.330 15.09% 21,414.3 435,356 Qualified X (1.25) 17.617 20.260 15.00% 290,374.2 5,882,863 Qualified XI 17.778 20.529 15.47% 129,743.7 2,663,502 Qualified XII (0.35) 12.599 13.861 10.02% (5) 54,139.8 750,409 Qualified XII (0.40) 17.873 20.685 15.73% 314.5 6,504 Qualified XII (0.45) 11.953 13.828 15.69% 106,558.3 1,473,477 Qualified XII (0.55) 11.933 13.795 15.60% 22,276.7 307,314 Qualified XII (0.65) 11.914 13.763 15.52% 14,296.8 196,764 Qualified XII (0.70) 11.904 13.747 15.48% 23,795.8 327,111 Qualified XII (0.75) 11.895 13.730 15.43% 131,103.7 1,800,110 Qualified XII (0.80) 12.675 14.625 15.38% 1,752,240.2 25,626,693 Qualified XII (0.85) 17.810 20.543 15.35% 82,644.9 1,697,798 Qualified XII (0.90) 12.336 14.224 15.30% 9,144.7 130,072 Qualified XII (0.95) 17.762 20.472 15.26% 62,717.4 1,283,946 Qualified XII (1.00) 17.737 20.436 15.22% 551,175.9 11,264,071 Qualified XII (1.05) 17.713 20.401 15.18% 12,857.9 262,313 Qualified XII (1.10) 17.689 20.366 15.13% 7,796.0 158,769 Qualified XII (1.15) 17.665 20.330 15.09% 14,192.7 288,540 Qualified XII (1.20) 17.641 20.295 15.04% 12,638.2 256,491 Qualified XII (1.25) 17.617 20.260 15.00% 9,816.6 198,880 Qualified XII (1.30) 21.056 20.224 (3.95%) (4) 15,540.7 314,301 Qualified XII (1.35) 22.460 20.189 (10.11%) (2) 88.0 1,778 Qualified XII (1.40) 17.545 20.154 14.87% 1,245.0 25,092 Qualified XII (1.50) 17.497 20.084 14.79% 1,215.2 24,407 Qualified XIII 17.762 20.472 15.26% 30,586.8 626,171 Qualified XV 17.762 20.472 15.26% 13,242.4 271,097 Qualified XVI 17.497 20.084 14.79% 41,024.0 823,940 Qualified XVII 17.617 20.260 15.00% 8,152.7 165,171 Qualified XVIII 17.776 20.496 15.30% 3,682.1 75,469 Qualified XXI 17.778 20.514 15.39% 42,045.7 862,516 Qualified XXII 17.778 20.514 15.39% 47,723.1 978,980 Qualified XXIV 20.872 20.443 (2.06%) (6) 63,429.8 1,296,702 Qualified XXVII 10.292 9.974 (3.09%) (9) 36,547.3 364,517 Annuity contracts in payment period 41,147 - -------------------------------------------------------------------------------------------------------------------------- AETNA TECHNOLOGY VP: Qualified V 9.916 8.897 (10.28%) (7) 4,464.2 39,716 Qualified VI 9.999 8.903 (10.96%) (5) 1,329,935.3 11,840,059 Qualified VIII 10.480 8.902 (15.06%) (6) 10.1 90 Qualified X (1.25) 9.999 8.903 (10.96%) (5) 165,903.8 1,476,998 Qualified XI 9.849 8.925 (9.38%) (6) 71,765.6 640,536 Qualified XII (0.35) 8.956 8.936 (0.22%) (5) 9,293.8 83,046 Qualified XII (0.55) 10.445 8.927 (14.53%) (7) 5,392.5 48,141 Qualified XII (0.70) 8.273 8.921 7.83% (5) 3,169.0 28,271 Qualified XII (0.75) 8.851 8.919 0.77% (5) 58,908.6 525,409 Qualified XII (0.80) 9.996 8.917 (10.79%) (5) 332,718.5 2,966,845 Qualified XII (0.85) 9.996 8.915 (10.81%) (5) 22,792.0 203,190 Qualified XII (0.90) 9.925 8.913 (10.20%) (7) 1,642.5 14,639 Qualified XII (0.95) 9.735 8.911 (8.46%) (5) 27,534.3 245,353 Qualified XII (1.00) 9.995 8.909 (10.87%) (5) 399,948.2 3,563,044 Qualified XII (1.05) 9.202 8.907 (3.21%) (5) 5,538.1 49,326 Qualified XII (1.10) 9.939 8.905 (10.40%) (6) 9,520.8 84,779
S-65 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- AETNA TECHNOLOGY VP: (continued): Qualified XII (1.15) $ 9.851 $ 8.903 (9.62%) (6) 3,708.4 $ 33,014 Qualified XII (1.20) 10.021 8.901 (11.18%) (6) 5,499.1 48,945 Qualified XII (1.25) 9.934 8.898 (10.43%) (6) 838.9 7,465 Qualified XII (1.30) 10.134 8.896 (12.22%) (7) 811.1 7,216 Qualified XII (1.40) 10.067 8.892 (11.67%) (7) 44.5 396 Qualified XII (1.50) 10.630 8.888 (16.39%) (7) 21.7 193 Qualified XIII 9.950 8.914 (10.41%) (6) 2,834.8 25,270 Qualified XV 9.950 8.914 (10.41%) (6) 2,154.0 19,201 Qualified XVI 9.738 8.893 (8.68%) (5) 33,920.3 301,664 Qualified XVII 9.365 8.912 (4.84%) (5) 10,097.5 89,990 Qualified XVIII 8.952 8.912 (0.45%) (5) 6,213.8 55,379 Qualified XXI 8.618 8.920 3.50% (5) 23,413.6 208,842 Qualified XXII 9.496 8.920 (6.07%) (5) 53,113.8 473,760 Qualified XXIV 9.939 8.912 (10.33%) (6) 12,447.7 110,930 Qualified XXVII 9.391 8.715 (7.20%) (9) 33,072.1 288,214 - -------------------------------------------------------------------------------------------------------------------------- AETNA VALUE OPPORTUNITY VP: Qualified V 18.847 20.646 9.55% 551.6 11,388 Qualified VI 18.930 20.761 9.67% 980,862.5 20,363,486 Qualified VIII 18.926 20.755 9.66% 297.2 6,169 Qualified X (1.15) 18.982 20.833 9.75% 2,242.2 46,712 Qualified X (1.25) 18.930 20.761 9.67% 145,928.0 3,029,581 Qualified XI 19.103 21.037 10.12% 56,080.8 1,179,751 Qualified XII (0.35) 12.984 14.007 7.88% (5) 26,721.5 374,278 Qualified XII (0.40) 19.205 21.196 10.37% 70.5 1,495 Qualified XII (0.45) 12.665 13.974 10.34% 8,685.7 121,371 Qualified XII (0.55) 12.645 13.941 10.25% 19,386.8 270,265 Qualified XII (0.65) 12.625 13.908 10.16% 63,720.2 886,213 Qualified XII (0.70) 12.615 13.891 10.11% 162,833.7 2,261,999 Qualified XII (0.75) 12.604 13.875 10.08% 68,632.8 952,290 Qualified XII (0.80) 13.870 15.263 10.04% 361,883.9 5,523,277 Qualified XII (0.85) 19.138 21.051 10.00% 27,510.5 579,132 Qualified XII (0.90) 13.583 14.935 9.95% 6,219.6 92,892 Qualified XII (0.95) 19.085 20.978 9.92% 38,835.6 814,702 Qualified XII (1.00) 19.059 20.942 9.88% 93,725.0 1,962,778 Qualified XII (1.05) 19.033 20.906 9.84% 5,609.9 117,278 Qualified XII (1.10) 19.007 20.869 9.80% 1,786.2 37,276 Qualified XII (1.15) 18.982 20.833 9.75% 8,181.1 170,437 Qualified XII (1.20) 18.956 20.797 9.71% 6,750.9 140,398 Qualified XII (1.25) 18.930 20.761 9.67% 2,379.6 49,401 Qualified XII (1.30) 18.904 20.725 9.63% 8,255.7 171,098 Qualified XII (1.35) 17.510 20.689 18.16% (2) 21.1 436 Qualified XII (1.40) 18.852 20.653 9.55% 562.0 11,606 Qualified XII (1.50) 18.801 20.581 9.47% 263.6 5,425 Qualified XIII 19.085 20.978 9.92% 3,870.4 81,194 Qualified XV 19.085 20.978 9.92% 3,978.4 83,460 Qualified XVI 18.801 20.581 9.47% 13,972.1 287,563 Qualified XVII 18.930 20.761 9.67% 8,254.6 171,372 Qualified XVIII 19.101 21.003 9.96% 7,463.9 156,764 Qualified XXI 19.103 21.021 10.04% 10,432.1 219,294 Qualified XXII 19.103 21.021 10.04% 23,508.2 494,170 Qualified XXIV 19.863 20.949 5.47% (6) 4,092.4 85,731 Qualified XXVII 13.603 15.670 15.20% (2) 135,603.1 2,124,870 Qualified XXVIII 13.603 15.655 15.08% (2) 51,143.0 800,651 - -------------------------------------------------------------------------------------------------------------------------- AIM V.I. FUNDS: CAPITAL APPRECIATION FUND: Qualified VI 13.753 15.594 13.39% 709,072.4 11,056,955 Qualified VIII 13.752 15.592 13.38% 193.1 3,011
S-66 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- CAPITAL APPRECIATION FUND: (continued): Qualified X (1.15) $ 13.762 $ 15.616 13.47% 78.4 $ 1,225 Qualified X (1.25) 13.753 15.594 13.39% 82,726.4 1,289,998 Qualified XI 15.993 15.705 (1.80%) (7) 324.0 5,088 Qualified XII (0.35) 13.648 15.797 15.75% (5) 19,099.7 301,713 Qualified XII (0.55) 13.820 15.751 13.97% 6,479.0 102,053 Qualified XII (0.65) 14.959 15.729 5.15% (2) 1,062.7 16,716 Qualified XII (0.70) 13.805 15.717 13.85% 5,520.2 86,763 Qualified XII (0.75) 13.801 15.706 13.80% 12,783.9 200,785 Qualified XII (0.80) 13.796 15.695 13.76% 86,974.7 1,365,049 Qualified XII (0.85) 13.791 15.684 13.73% 28,889.1 453,082 Qualified XII (0.90) 14.065 15.672 11.43% (5) 144.6 2,267 Qualified XII (0.95) 13.781 15.661 13.64% 15,192.3 237,926 Qualified XII (1.00) 13.777 15.650 13.60% 110,795.3 1,733,916 Qualified XII (1.05) 13.772 15.638 13.55% 6,872.9 107,482 Qualified XII (1.10) 13.767 15.627 13.51% 1,283.4 20,057 Qualified XII (1.15) 13.762 15.616 13.47% 2,220.0 34,667 Qualified XII (1.20) 13.758 15.605 13.42% 944.0 14,731 Qualified XII (1.25) 13.753 15.594 13.39% 2,631.9 41,040 Qualified XII (1.30) 13.748 15.582 13.34% 441.4 6,878 Qualified XII (1.35) 14.449 15.571 7.77% (2) 68.7 1,070 Qualified XII (1.40) 14.449 15.560 7.69% (2) 2,513.4 39,109 Qualified XII (1.50) 14.116 15.538 10.07% (1) 620.1 9,634 Qualified XIII 13.359 15.620 16.92% (1) 7,305.6 114,112 Qualified XV 13.745 15.620 13.64% 4,511.0 70,460 Qualified XVI 13.729 15.538 13.18% 14,288.3 222,006 Qualified XVII 13.759 15.600 13.38% 3,745.3 58,428 Qualified XVIII 13.759 15.600 13.38% 5,165.7 80,587 Qualified XXI 13.372 15.652 17.05% (1) 28,948.1 453,087 Qualified XXII 14.269 15.652 9.69% (2) 24,593.7 384,933 Qualified XXIV 14.837 15.655 5.51% (6) 8,529.3 133,525 Qualified XXVII 9.838 9.661 (1.80%) (9) 18,445.3 178,192 - -------------------------------------------------------------------------------------------------------------------------- GROWTH AND INCOME FUND: Qualified V 11.717 11.826 0.93% (5) 1.9 22 Qualified VI 11.716 11.853 1.17% 2,100,011.1 24,891,614 Qualified VIII 11.715 11.852 1.17% 389.4 4,616 Qualified X (1.15) 10.853 11.870 9.37% (1) 19,442.7 230,788 Qualified X (1.25) 11.716 11.853 1.17% 191,856.8 2,274,095 Qualified XI 12.244 11.937 (2.51%) (9) 609.9 7,280 Qualified XII (0.35) 11.228 12.008 6.95% (5) 34,082.3 409,246 Qualified XII (0.45) 11.781 11.990 1.77% 982.1 11,776 Qualified XII (0.55) 11.773 11.973 1.70% 40,263.4 482,076 Qualified XII (0.65) 11.764 11.956 1.63% 1,662.4 19,876 Qualified XII (0.70) 11.760 11.947 1.59% 10,504.4 125,498 Qualified XII (0.75) 11.756 11.939 1.56% 101,905.5 1,216,615 Qualified XII (0.80) 11.752 11.930 1.51% 370,597.5 4,421,253 Qualified XII (0.85) 11.748 11.922 1.48% 57,103.2 680,756 Qualified XII (0.90) 12.256 11.913 (2.80%) (4) 346.9 4,132 Qualified XII (0.95) 11.740 11.904 1.40% 47,094.8 560,632 Qualified XII (1.00) 11.736 11.896 1.36% 430,201.6 5,117,586 Qualified XII (1.05) 11.732 11.887 1.32% 24,452.4 290,672 Qualified XII (1.10) 11.728 11.879 1.29% 9,629.7 114,388 Qualified XII (1.15) 11.724 11.870 1.25% 6,731.9 79,909 Qualified XII (1.20) 11.720 11.862 1.21% 13,933.7 165,276 Qualified XII (1.25) 11.716 11.853 1.17% 3,852.2 45,661 Qualified XII (1.30) 11.712 11.845 1.14% 4,222.0 50,008 Qualified XII (1.35) 11.204 11.836 5.64% (2) 27.7 328 Qualified XII (1.40) 11.707 11.828 1.03% (2) 245.5 2,904
S-67 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- GROWTH AND INCOME FUND: (continued): Qualified XII (1.50) $ 11.695 $ 11.811 0.99% 1,868.0 $ 22,062 Qualified XIII 11.710 11.874 1.40% 16,939.9 201,141 Qualified XV 11.710 11.874 1.40% 2,303.8 27,355 Qualified XVI 11.695 11.811 0.99% 29,310.6 346,173 Qualified XVII 11.721 11.858 1.17% 10,651.5 126,308 Qualified XVIII 11.721 11.858 1.17% 18,172.7 215,497 Qualified XXI 11.721 11.898 1.51% 6,832.4 81,293 Qualified XXII 11.815 11.898 0.70% (2) 7,382.8 87,842 Qualified XXIV 11.807 11.900 0.79% (6) 11,934.8 142,020 Qualified XXVII 9.776 9.399 (3.86%) (9) 139,509.3 1,311,235 - -------------------------------------------------------------------------------------------------------------------------- GROWTH FUND: Qualified V 12.055 12.199 1.19% 4.6 56 Qualified VI 12.069 12.227 1.31% 966,047.6 11,812,144 Qualified X (1.15) 12.077 12.245 1.39% 1,148.8 14,067 Qualified X (1.25) 12.069 12.227 1.31% 125,732.4 1,537,366 Qualified XI 12.591 12.314 (2.20%) (8) 370.5 4,562 Qualified XII (0.35) 11.987 12.387 3.34% (5) 17,356.0 214,982 Qualified XII (0.55) 12.127 12.351 1.85% 12,759.9 157,598 Qualified XII (0.65) 12.119 12.333 1.77% 3,054.8 37,675 Qualified XII (0.70) 12.115 12.324 1.73% 6,990.9 86,158 Qualified XII (0.75) 12.111 12.316 1.69% 36,570.6 450,388 Qualified XII (0.80) 12.106 12.307 1.66% 240,886.4 2,964,515 Qualified XII (0.85) 12.102 12.298 1.62% 43,486.8 534,795 Qualified XII (0.90) 12.098 12.289 1.58% 3,978.9 48,897 Qualified XII (0.95) 12.094 12.280 1.54% 58,195.4 714,647 Qualified XII (1.00) 12.090 12.271 1.50% 137,357.2 1,685,558 Qualified XII (1.05) 12.085 12.263 1.47% 11,627.3 142,580 Qualified XII (1.10) 12.081 12.254 1.43% 1,428.7 17,507 Qualified XII (1.15) 12.077 12.245 1.39% 5,377.1 65,842 Qualified XII (1.20) 12.073 12.236 1.35% 5,069.5 62,031 Qualified XII (1.25) 12.069 12.227 1.31% 4,963.4 60,689 Qualified XII (1.30) 12.064 12.218 1.28% 699.1 8,542 Qualified XII (1.35) 12.477 12.210 (2.14%) (2) 49.9 609 Qualified XII (1.40) 12.056 12.201 1.20% 1,229.0 14,995 Qualified XII (1.50) 12.048 12.183 1.12% 325.7 3,968 Qualified XIII 12.098 12.285 1.55% 5,158.2 63,368 Qualified XV 12.098 12.285 1.55% 2,373.4 29,157 Qualified XVI 12.048 12.183 1.12% 21,517.9 262,161 Qualified XVII 14.498 12.233 (15.62%) (3) 233.2 2,853 Qualified XVIII 12.306 12.233 (0.59%) (1) 2,775.8 33,955 Qualified XXI 12.110 12.310 1.65% 7,247.2 89,214 Qualified XXII 12.655 12.310 (2.73%) (2) 17,951.8 220,988 Qualified XXIV 12.619 12.275 (2.73%) (6) 5,835.3 71,630 Qualified XXVII 9.482 9.237 (2.58%) (9) 11,686.4 107,946 - -------------------------------------------------------------------------------------------------------------------------- VALUE FUND: Qualified III 11.650 10.920 (6.27%) (6) 9.6 105 Qualified V 11.493 10.629 (7.52%) 7.7 81 Qualified VI 11.506 10.654 (7.40%) 835,051.0 8,896,465 Qualified X (1.15) 11.514 10.669 (7.34%) 1,770.9 18,894 Qualified X (1.25) 11.506 10.654 (7.40%) 110,832.1 1,180,782 Qualified XII (0.35) 11.026 10.793 (2.11%) (5) 7,396.6 79,829 Qualified XII (0.45) 11.570 10.777 (6.85%) 38,614.0 416,147 Qualified XII (0.55) 11.562 10.762 (6.92%) 3,108.0 33,448 Qualified XII (0.65) 11.554 10.746 (6.99%) 2,196.0 23,598 Qualified XII (0.70) 11.550 10.738 (7.03%) 88,043.8 945,452 Qualified XII (0.75) 11.546 10.731 (7.06%) 42,678.2 457,969 Qualified XII (0.80) 11.542 10.723 (7.10%) 409,599.1 4,392,127
S-68 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- VALUE FUND: (continued): Qualified XII (0.85) $ 11.538 $ 10.715 (7.13%) 31,721.7 $ 339,908 Qualified XII (0.90) 11.534 10.708 (7.16%) 1,953.4 20,916 Qualified XII (0.95) 11.530 10.700 (7.20%) 24,904.0 266,470 Qualified XII (1.00) 11.526 10.692 (7.24%) 76,697.7 820,067 Qualified XII (1.05) 11.522 10.684 (7.27%) 5,416.7 57,875 Qualified XII (1.10) 11.518 10.677 (7.30%) 13,516.1 144,309 Qualified XII (1.15) 11.514 10.669 (7.34%) 3,038.1 32,414 Qualified XII (1.20) 11.510 10.661 (7.38%) 1,768.3 18,852 Qualified XII (1.25) 10.796 10.654 (1.32%) (1) 9,809.7 104,510 Qualified XII (1.30) 11.502 10.646 (7.44%) 1,058.2 11,266 Qualified XII (1.35) 11.307 10.638 (5.92%) (2) 122.9 1,307 Qualified XII (1.40) 11.494 10.631 (7.51%) 1,673.0 17,786 Qualified XII (1.50) 11.486 10.616 (7.57%) 501.2 5,321 Qualified XIII 11.495 10.667 (7.20%) 12,476.8 133,095 Qualified XV 11.495 10.667 (7.20%) 1,861.1 19,853 Qualified XVI 11.486 10.616 (7.57%) 9,365.1 99,415 Qualified XVII 11.511 10.658 (7.41%) 24,286.7 258,859 Qualified XVIII 11.511 10.658 (7.41%) 4,826.1 51,439 Qualified XXI 11.036 10.689 (3.14%) (1) 14,786.0 158,052 Qualified XXII 11.754 10.689 (9.06%) (2) 12,950.0 138,426 Qualified XXIV 11.438 10.696 (6.49%) (6) 23,785.6 254,403 Qualified XXVII 9.503 9.130 (3.93%) (9) 9,756.9 89,081 - -------------------------------------------------------------------------------------------------------------------------- CALVERT SOCIAL BALANCED PORTFOLIO: Qualified III 30.131 31.035 3.00% 17,517.2 543,648 Qualified V 23.131 23.797 2.88% 1,576.7 37,521 Qualified VI 22.705 23.386 3.00% 1,067,899.4 24,973,908 Qualified VIII 20.623 21.241 3.00% 6,464.3 137,306 Qualified X (1.25) 11.637 11.986 3.00% 23,960.4 287,194 Qualified XI 22.998 23.785 3.42% 65,075.1 1,547,804 Qualified XII (0.35) 11.718 12.432 6.09% (5) 114,824.9 1,427,537 Qualified XII (0.40) 16.740 17.352 3.66% 274.9 4,770 Qualified XII (0.45) 11.970 12.403 3.62% 39,330.8 487,818 Qualified XII (0.55) 11.951 12.374 3.54% 9,955.5 123,186 Qualified XII (0.65) 11.932 12.345 3.46% 3,955.8 48,832 Qualified XII (0.70) 11.922 12.330 3.42% 20,388.4 251,390 Qualified XII (0.75) 11.912 12.316 3.39% 27,134.5 334,176 Qualified XII (0.80) 12.530 12.949 3.34% 146,545.2 1,897,589 Qualified XII (0.85) 16.697 17.249 3.31% 202,152.2 3,486,965 Qualified XII (0.90) 12.414 12.820 3.27% 3,950.8 50,648 Qualified XII (0.95) 16.636 17.174 3.23% 72,225.5 1,240,374 Qualified XII (1.00) 16.606 17.136 3.19% 163,305.6 2,798,417 Qualified XII (1.05) 16.576 17.098 3.15% 33,942.4 580,365 Qualified XII (1.10) 16.546 17.061 3.11% 15,850.7 270,429 Qualified XII (1.15) 16.515 17.024 3.08% 28,155.1 479,304 Qualified XII (1.20) 16.485 16.986 3.04% 7,225.2 122,729 Qualified XII (1.25) 16.455 16.949 3.00% 815.0 13,814 Qualified XII (1.30) 16.426 16.912 2.96% 1,375.3 23,260 Qualified XII (1.35) 15.730 16.875 7.28% (2) 130.9 2,208 Qualified XII (1.40) 16.366 16.838 2.88% 1,257.0 21,166 Qualified XII (1.50) 16.306 16.764 2.81% 1,004.4 16,839 Qualified XIII 22.951 23.693 3.23% 17,022.2 403,306 Qualified XV 22.913 23.654 3.23% 5,919.0 140,006 Qualified XVI 22.550 23.184 2.81% 28,635.6 663,878 Qualified XVII 22.705 23.386 3.00% 963.1 22,522 Qualified XVIII 11.637 11.986 3.00% 9,410.8 112,800 Qualified XXI 22.935 23.702 3.34% 2,981.4 70,666 Qualified XXII 22.973 23.741 3.34% 3,546.3 84,195
S-69 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- CALVERT SOCIAL BALANCED PORTFOLIO: (continued): Qualified XXIV $ 16.973 $ 17.142 1.00% (6) 20,338.0 $ 348,627 Qualified XXVII 29.380 31.064 5.73% (2) 711,364.3 22,097,900 Qualified XXVIII 29.380 31.035 5.63% (2) 68,435.3 2,123,895 - -------------------------------------------------------------------------------------------------------------------------- FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUND: EQUITY-INCOME PORTFOLIO: Qualified III 19.201 19.833 3.29% 867.1 17,197 Qualified V 18.143 18.717 3.16% 411.3 7,698 Qualified VI 18.334 18.937 3.29% 4,278,388.8 81,018,030 Qualified VIII 18.265 18.865 3.28% 4,235.5 79,903 Qualified X (1.15) 23.071 23.847 3.36% 87,221.6 2,080,002 Qualified X (1.25) 22.942 23.697 3.29% 939,492.3 22,262,802 Qualified XI 18.570 19.260 3.72% 166,978.5 3,215,925 Qualified XII (0.35) 10.595 10.990 3.73% (5) 169,799.4 1,866,090 Qualified XII (0.40) 16.089 16.723 3.94% 761.8 12,740 Qualified XII (0.45) 10.552 10.964 3.90% 148,561.2 1,628,834 Qualified XII (0.55) 10.535 10.938 3.83% 56,429.7 617,240 Qualified XII (0.65) 10.518 10.912 3.75% 101,910.8 1,112,098 Qualified XII (0.70) 10.509 10.900 3.72% 48,369.9 527,211 Qualified XII (0.75) 10.501 10.887 3.68% 147,293.4 1,603,546 Qualified XII (0.80) 11.445 11.861 3.63% 692,880.2 8,218,314 Qualified XII (0.85) 16.047 16.624 3.60% 282,603.1 4,698,036 Qualified XII (0.90) 11.245 11.645 3.56% 6,760.1 78,721 Qualified XII (0.95) 15.989 16.551 3.51% 177,634.2 2,940,079 Qualified XII (1.00) 15.960 16.515 3.48% 278,952.9 4,606,941 Qualified XII (1.05) 15.931 16.479 3.44% 65,538.0 1,079,996 Qualified XII (1.10) 15.902 16.443 3.40% 39,470.5 649,008 Qualified XII (1.15) 15.873 16.407 3.36% 53,032.1 870,087 Qualified XII (1.20) 15.844 16.371 3.33% 23,074.4 377,747 Qualified XII (1.25) 15.815 16.335 3.29% 14,978.1 244,668 Qualified XII (1.30) 15.786 16.299 3.25% 6,030.9 98,299 Qualified XII (1.35) 13.910 16.263 16.92% (2) 66.0 1,073 Qualified XII (1.40) 15.729 16.228 3.17% 1,891.0 30,687 Qualified XII (1.50) 15.672 16.157 3.09% 5,819.7 94,028 Qualified XIII 18.533 19.185 3.52% 19,529.4 374,675 Qualified XV 18.502 19.153 3.52% 12,454.3 238,541 Qualified XVI 18.209 18.773 3.10% 118,732.6 2,228,937 Qualified XVII 18.334 18.937 3.29% 33,418.5 632,832 Qualified XVIII 22.942 23.697 3.29% 15,721.8 372,554 Qualified XXI 18.519 19.192 3.63% 24,586.0 471,867 Qualified XXII 18.550 19.224 3.63% 35,909.3 690,335 Qualified XXIV 15.457 16.521 6.88% (6) 69,966.8 1,155,887 Qualified XXVII 17.293 19.851 14.79% (2) 1,524,398.6 30,260,933 Qualified XXVIII 17.293 19.833 14.69% (2) 370,746.6 7,352,847 - -------------------------------------------------------------------------------------------------------------------------- GROWTH PORTFOLIO: Qualified I 24.603 24.757 0.63% 2,653.5 65,690 Qualified III 26.340 26.492 0.58% 139.3 3,690 Qualified V 26.134 26.254 0.46% 1,983.3 52,069 Qualified VI 25.999 26.149 0.58% 10,491,337.7 274,340,542 Qualified VIII 26.310 26.461 0.57% 8,174.2 216,293 Qualified X (1.15) 36.363 36.601 0.65% 68,000.8 2,488,907 Qualified X (1.25) 36.160 36.369 0.58% 1,520,493.0 55,299,110 Qualified XI 26.334 26.595 0.99% 598,337.1 15,912,856 Qualified XII (0.35) 16.211 16.891 4.19% (5) 557,819.5 9,422,118 Qualified XII (0.40) 23.989 24.281 1.22% 2,014.1 48,905 Qualified XII (0.45) 16.655 16.851 1.18% 119,298.0 2,010,309 Qualified XII (0.55) 16.628 16.811 1.10% 150,172.1 2,524,616 Qualified XII (0.65) 16.601 16.772 1.03% 323,814.5 5,430,989
S-70 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- GROWTH PORTFOLIO: (continued): Qualified XII (0.70) $ 16.588 $ 16.752 0.99% 110,681.9 $ 1,854,159 Qualified XII (0.75) 16.574 16.732 0.95% 451,681.6 7,557,730 Qualified XII (0.80) 18.143 18.310 0.92% 2,169,309.6 39,719,423 Qualified XII (0.85) 23.927 24.138 0.88% 584,193.9 14,101,019 Qualified XII (0.90) 17.677 17.826 0.84% 15,360.2 273,813 Qualified XII (0.95) 23.840 24.032 0.81% 474,261.1 11,397,386 Qualified XII (1.00) 23.797 23.979 0.76% 1,191,086.4 28,561,438 Qualified XII (1.05) 23.754 23.927 0.73% 119,668.4 2,863,271 Qualified XII (1.10) 23.710 23.874 0.69% 67,472.7 1,610,870 Qualified XII (1.15) 23.667 23.822 0.65% 111,306.3 2,651,545 Qualified XII (1.20) 23.624 23.770 0.62% 61,724.5 1,467,184 Qualified XII (1.25) 23.581 23.718 0.58% 30,186.3 715,953 Qualified XII (1.30) 23.538 23.666 0.54% 22,430.6 530,837 Qualified XII (1.35) 23.491 23.614 0.52% (2) 446.3 10,539 Qualified XII (1.40) 23.453 23.562 0.46% 6,430.8 151,524 Qualified XII (1.50) 23.368 23.459 0.39% 4,044.8 94,888 Qualified XIII 26.281 26.492 0.80% 85,674.9 2,269,739 Qualified XV 26.237 26.448 0.80% 62,760.3 1,659,910 Qualified XVI 25.822 25.923 0.39% 206,651.0 5,357,034 Qualified XVII 25.999 26.149 0.58% 60,825.2 1,590,532 Qualified XVIII 36.160 36.369 0.58% 68,279.1 2,483,258 Qualified XXI 26.262 26.503 0.92% 104,617.0 2,772,612 Qualified XXII 26.305 26.547 0.92% 93,382.0 2,478,981 Qualified XXIV 24.889 23.987 (3.62%) (6) 154,637.8 3,709,319 - -------------------------------------------------------------------------------------------------------------------------- HIGH INCOME PORTFOLIO: Qualified XXVII 9.522 8.632 (9.35%) (2) 165,615.9 1,429,638 Qualified XXVIII 9.523 8.624 (9.44%) (2) 172,464.9 1,487,367 - -------------------------------------------------------------------------------------------------------------------------- OVERSEAS PORTFOLIO: Qualified V 19.108 16.649 (12.87%) 65.9 1,097 Qualified VI 19.243 16.787 (12.76%) 660,890.2 11,094,467 Qualified VIII 19.237 16.780 (12.77%) 357.1 5,993 Qualified X (1.15) 19.936 17.405 (12.70%) 9,198.3 160,094 Qualified X (1.25) 19.825 17.294 (12.77%) 151,377.3 2,617,990 Qualified XI 19.492 17.073 (12.41%) 24,773.3 422,966 Qualified XII (0.35) 12.131 11.797 (2.75%) (5) 46,526.6 548,853 Qualified XII (0.40) 18.709 16.425 (12.21%) 306.2 5,029 Qualified XII (0.45) 13.410 11.769 (12.24%) 11,935.1 140,461 Qualified XII (0.55) 13.389 11.741 (12.31%) 8,382.8 98,423 Qualified XII (0.65) 13.367 11.713 (12.37%) 16,850.7 197,378 Qualified XII (0.70) 13.356 11.700 (12.40%) 12,248.6 143,303 Qualified XII (0.75) 13.346 11.686 (12.44%) 15,907.2 185,888 Qualified XII (0.80) 14.900 13.042 (12.47%) 42,194.6 550,282 Qualified XII (0.85) 18.661 16.327 (12.51%) 25,590.6 417,829 Qualified XII (0.90) 14.905 13.036 (12.54%) 3,229.0 42,094 Qualified XII (0.95) 18.593 16.256 (12.57%) 16,351.7 265,812 Qualified XII (1.00) 18.559 16.220 (12.60%) 40,842.3 662,477 Qualified XII (1.05) 18.525 16.185 (12.63%) 10,182.6 164,803 Qualified XII (1.10) 18.492 16.149 (12.67%) 8,261.2 133,413 Qualified XII (1.15) 18.458 16.114 (12.70%) 9,739.7 156,946 Qualified XII (1.20) 18.424 16.079 (12.73%) 3,385.0 54,427 Qualified XII (1.25) 18.391 16.043 (12.77%) 8,023.5 128,725 Qualified XII (1.30) 18.357 16.008 (12.80%) 2,282.6 36,541 Qualified XII (1.35) 17.843 15.973 (10.48%) (2) 11.7 187 Qualified XII (1.40) 18.291 15.938 (12.86%) 995.7 15,869 Qualified XII (1.50) 18.224 15.869 (12.92%) 91.4 1,450 Qualified XIII 19.452 17.007 (12.57%) 11,487.6 195,375 Qualified XV 19.420 16.979 (12.57%) 4,828.8 81,990
S-71 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- OVERSEAS PORTFOLIO: (continued): Qualified XVI $ 19.112 $ 16.642 (12.92%) 13,925.0 $ 231,738 Qualified XVII 19.243 16.787 (12.76%) 1,556.7 26,133 Qualified XVIII 19.825 17.294 (12.77%) 3,016.5 52,168 Qualified XXI 19.438 17.014 (12.47%) 9,264.5 157,626 Qualified XXII 19.470 17.042 (12.47%) 13,322.6 227,047 Qualified XXIV 17.531 16.226 (7.44%) (6) 20,672.2 335,420 Qualified XXVII 9.535 9.247 (3.02%) (9) 487.5 4,508 - -------------------------------------------------------------------------------------------------------------------------- FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUND II: ASSET MANAGER PORTFOLIO: Qualified XXVII 17.740 18.174 2.45% (2) 1,260,287.0 22,904,579 Qualified XXVIII 17.740 18.157 2.35% (2) 123,472.8 2,241,911 - -------------------------------------------------------------------------------------------------------------------------- CONTRAFUND PORTFOLIO: Qualified III 27.214 26.946 (0.98%) 1,616.2 43,550 Qualified V 24.046 23.782 (1.10%) 2,448.3 58,225 Qualified VI 24.053 23.817 (0.98%) 8,772,230.1 208,924,010 Qualified VIII 24.208 23.969 (0.99%) 3,936.1 94,346 Qualified X (1.15) 27.150 26.903 (0.91%) 16,463.6 442,922 Qualified X (1.25) 27.024 26.759 (0.98%) 803,739.1 21,507,284 Qualified XI 24.363 24.223 (0.57%) 217,128.7 5,259,429 Qualified XII (0.35) 13.485 14.172 5.09% (5) 366,013.4 5,187,197 Qualified XII (0.40) 22.045 21.967 (0.35%) 2,226.2 48,904 Qualified XII (0.45) 14.194 14.139 (0.39%) 341,139.9 4,823,282 Qualified XII (0.55) 14.171 14.105 (0.47%) 125,324.9 1,767,761 Qualified XII (0.65) 14.148 14.072 (0.54%) 266,642.1 3,752,243 Qualified XII (0.70) 14.137 14.056 (0.57%) 85,694.1 1,204,484 Qualified XII (0.75) 14.126 14.039 (0.62%) 414,623.0 5,820,926 Qualified XII (0.80) 15.518 15.417 (0.65%) 1,717,072.6 26,471,901 Qualified XII (0.85) 21.988 21.837 (0.69%) 232,684.8 5,081,141 Qualified XII (0.90) 15.138 15.028 (0.73%) 30,475.4 457,991 Qualified XII (0.95) 21.908 21.741 (0.76%) 360,078.8 7,828,599 Qualified XII (1.00) 21.868 21.694 (0.80%) 1,512,742.8 32,817,147 Qualified XII (1.05) 21.828 21.646 (0.83%) 125,958.0 2,726,516 Qualified XII (1.10) 21.789 21.599 (0.87%) 57,648.2 1,245,138 Qualified XII (1.15) 21.749 21.552 (0.91%) 74,648.4 1,608,788 Qualified XII (1.20) 21.710 21.504 (0.95%) 32,372.6 696,150 Qualified XII (1.25) 21.670 21.457 (0.98%) 16,010.3 343,537 Qualified XII (1.30) 21.631 21.410 (1.02%) 13,041.0 279,210 Qualified XII (1.35) 20.986 21.363 1.80% (2) 92.3 1,972 Qualified XII (1.40) 21.552 21.317 (1.09%) 8,009.0 170,724 Qualified XII (1.50) 21.474 21.223 (1.17%) 5,302.2 112,531 Qualified XIII 24.314 24.129 (0.76%) 73,767.0 1,779,931 Qualified XV 24.274 24.089 (0.76%) 38,400.1 925,022 Qualified XVI 23.889 23.610 (1.17%) 157,971.6 3,729,785 Qualified XVII 24.053 23.817 (0.98%) 34,773.4 828,182 Qualified XVIII 27.024 26.759 (0.98%) 20,259.6 542,127 Qualified XXI 24.296 24.138 (0.65%) 74,774.6 1,804,934 Qualified XXII 24.336 24.178 (0.65%) 114,974.7 2,779,914 Qualified XXIV 21.474 21.701 1.06% (6) 138,794.9 3,011,972 Qualified XXVII 27.021 26.972 (0.18%) (2) 3,111,133.0 83,912,380 Qualified XXVIII 27.021 26.946 (0.28%) (2) 594,622.7 16,022,968 - -------------------------------------------------------------------------------------------------------------------------- INDEX 500 PORTFOLIO: Qualified XXVII 26.558 27.463 3.41% (2) 3,586,123.8 98,487,470 Qualified XXVIII 26.559 27.438 3.31% (2) 615,746.0 16,894,750 - --------------------------------------------------------------------------------------------------------------------------
S-72 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES: AGGRESSIVE GROWTH PORTFOLIO: Qualified I $ 32.516 $ 31.991 (1.61%) 2,923.0 $ 93,509 Qualified III 53.644 52.756 (1.66%) 83,597.3 4,410,230 Qualified V 46.252 45.431 (1.78%) 4,521.8 205,431 Qualified VI 46.640 45.868 (1.66%) 15,044,349.6 690,048,328 Qualified VIII 46.621 45.846 (1.66%) 8,706.9 399,181 Qualified X (1.15) 45.235 44.519 (1.58%) 58,910.2 2,622,623 Qualified X (1.25) 45.025 44.279 (1.66%) 1,461,159.4 64,698,371 Qualified XI 47.242 46.650 (1.25%) 811,193.6 37,842,189 Qualified XII (0.35) 23.888 26.995 13.01% (5) 884,185.8 23,868,898 Qualified XII (0.40) 31.711 31.384 (1.03%) 6,035.6 189,423 Qualified XII (0.45) 27.222 26.932 (1.07%) 204,808.7 5,515,855 Qualified XII (0.55) 27.178 26.868 (1.14%) 167,634.2 4,504,050 Qualified XII (0.65) 27.135 26.805 (1.22%) 254,010.6 6,808,770 Qualified XII (0.70) 27.113 26.773 (1.25%) 198,488.0 5,314,215 Qualified XII (0.75) 27.091 26.742 (1.29%) 620,444.6 16,591,913 Qualified XII (0.80) 29.195 28.808 (1.33%) 3,704,193.3 106,711,765 Qualified XII (0.85) 31.629 31.198 (1.36%) 730,737.9 22,797,923 Qualified XII (0.90) 28.662 28.261 (1.40%) 29,674.7 838,630 Qualified XII (0.95) 31.514 31.062 (1.43%) 806,156.7 25,040,725 Qualified XII (1.00) 31.457 30.994 (1.47%) 2,298,468.3 71,238,443 Qualified XII (1.05) 31.400 30.926 (1.51%) 232,298.1 7,184,035 Qualified XII (1.10) 31.343 30.858 (1.55%) 93,325.6 2,879,866 Qualified XII (1.15) 31.286 30.791 (1.58%) 136,115.9 4,191,091 Qualified XII (1.20) 31.229 30.723 (1.62%) 76,981.1 2,365,101 Qualified XII (1.25) 31.172 30.656 (1.66%) 33,118.4 1,015,275 Qualified XII (1.30) 31.116 30.589 (1.69%) 25,825.9 789,979 Qualified XII (1.35) 30.334 30.522 0.62% (1) 1,171.2 35,748 Qualified XII (1.40) 31.003 30.455 (1.77%) 13,322.8 405,745 Qualified XII (1.50) 30.890 30.322 (1.84%) 9,998.6 303,172 Qualified XIII 47.147 46.470 (1.44%) 138,337.8 6,428,528 Qualified XV 47.068 46.392 (1.44%) 116,093.6 5,385,868 Qualified XVI 46.323 45.471 (1.84%) 226,431.1 10,296,025 Qualified XVII 46.640 45.868 (1.66%) 75,004.5 3,440,279 Qualified XVIII 45.025 44.279 (1.66%) 74,668.9 3,306,248 Qualified XXI 47.112 46.487 (1.33%) 286,442.0 13,315,936 Qualified XXII 47.190 46.565 (1.32%) 167,754.0 7,811,448 Qualified XXIV 31.793 31.004 (2.48%) (6) 326,698.1 10,128,951 Qualified XXVII 61.680 52.805 (14.39%) (2) 3,223,534.4 170,219,279 Qualified XXVIII 61.681 52.756 (14.47%) (2) 685,170.5 36,146,599 - -------------------------------------------------------------------------------------------------------------------------- BALANCED PORTFOLIO: Qualified III 24.929 24.737 (0.77%) 565.1 13,980 Qualified V 24.747 24.527 (0.89%) 342.1 8,392 Qualified VI 24.922 24.731 (0.77%) 6,647,053.1 164,385,408 Qualified VIII 24.913 24.721 (0.77%) 3,829.6 94,669 Qualified X (1.15) 25.978 25.798 (0.69%) 87,118.5 2,247,442 Qualified X (1.25) 25.859 25.661 (0.77%) 934,604.1 23,982,898 Qualified XI 25.243 25.152 (0.36%) 331,196.0 8,330,339 Qualified XII (0.35) 14.368 14.919 3.83% (5) 275,574.5 4,111,354 Qualified XII (0.40) 22.571 22.541 (0.13%) 772.7 17,417 Qualified XII (0.45) 14.910 14.884 (0.17%) 374,078.4 5,567,798 Qualified XII (0.55) 14.886 14.849 (0.25%) 142,721.0 2,119,263 Qualified XII (0.65) 14.862 14.814 (0.32%) 255,729.6 3,788,384 Qualified XII (0.70) 14.850 14.797 (0.36%) 59,777.4 884,501 Qualified XII (0.75) 14.838 14.779 (0.40%) 358,144.0 5,293,055 Qualified XII (0.80) 16.022 15.952 (0.44%) 977,164.3 15,588,107 Qualified XII (0.85) 22.513 22.407 (0.47%) 159,178.0 3,566,704
S-73 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- BALANCED PORTFOLIO: (continued): Qualified XII (0.90) $ 15.690 $ 15.610 (0.51%) 5,673.1 $ 88,558 Qualified XII (0.95) 22.431 22.309 (0.54%) 290,063.8 6,471,004 Qualified XII (1.00) 22.390 22.260 (0.58%) 1,042,062.9 23,196,372 Qualified XII (1.05) 22.350 22.211 (0.62%) 106,551.5 2,366,643 Qualified XII (1.10) 22.309 22.163 (0.65%) 42,112.7 933,330 Qualified XII (1.15) 22.269 22.114 (0.70%) 87,706.5 1,939,550 Qualified XII (1.20) 22.228 22.066 (0.73%) 28,285.7 624,141 Qualified XII (1.25) 22.188 22.017 (0.77%) 13,883.4 305,675 Qualified XII (1.30) 22.147 21.969 (0.80%) 10,375.4 227,938 Qualified XII (1.35) 21.906 21.921 0.07% (2) 305.5 6,696 Qualified XII (1.40) 22.067 21.873 (0.88%) 18,419.6 402,890 Qualified XII (1.50) 21.987 21.777 (0.96%) 5,641.0 122,845 Qualified XIII 25.192 25.055 (0.54%) 65,197.1 1,633,521 Qualified XV 25.151 25.014 (0.54%) 32,107.4 803,119 Qualified XVI 24.752 24.517 (0.95%) 147,211.3 3,609,127 Qualified XVII 24.922 24.731 (0.77%) 42,421.3 1,049,103 Qualified XVIII 25.859 25.661 (0.77%) 64,003.8 1,642,402 Qualified XXI 25.174 25.065 (0.43%) 96,788.0 2,425,965 Qualified XXII 25.216 25.106 (0.44%) 56,178.6 1,410,442 Qualified XXIV 22.439 22.267 (0.77%) (6) 87,554.5 1,949,604 Qualified XXVII 9.909 9.750 (1.60%) (9) 36,898.3 359,752 - -------------------------------------------------------------------------------------------------------------------------- FLEXIBLE INCOME PORTFOLIO: Qualified III 15.601 15.944 2.20% 2,318.8 36,971 Qualified V 15.411 15.731 2.08% 122.7 1,930 Qualified VI 15.540 15.882 2.20% 1,050,499.9 16,683,692 Qualified VIII 15.534 15.874 2.19% 211.8 3,362 Qualified X (1.25) 10.455 10.684 2.19% 82,344.8 879,791 Qualified XI 15.741 16.153 2.62% 55,982.1 904,257 Qualified XII (0.35) 10.485 10.888 3.84% (5) 59,654.1 649,539 Qualified XII (0.40) 13.210 13.586 2.85% 632.9 8,599 Qualified XII (0.45) 10.566 10.863 2.81% 64,894.7 704,933 Qualified XII (0.55) 10.549 10.837 2.73% 29,407.1 318,688 Qualified XII (0.65) 10.532 10.812 2.66% 86,019.1 930,003 Qualified XII (0.70) 10.523 10.799 2.62% 106,009.5 1,144,779 Qualified XII (0.75) 10.515 10.786 2.58% 15,058.2 162,419 Qualified XII (0.80) 10.727 11.000 2.54% 292,647.6 3,219,018 Qualified XII (0.85) 13.175 13.505 2.50% 48,994.6 661,672 Qualified XII (0.90) 10.712 10.976 2.46% 1,982.6 21,760 Qualified XII (0.95) 13.127 13.446 2.43% 46,630.5 626,985 Qualified XII (1.00) 13.104 13.416 2.38% 441,499.9 5,923,345 Qualified XII (1.05) 13.080 13.387 2.35% 29,403.0 393,618 Qualified XII (1.10) 13.056 13.358 2.31% 7,145.8 95,451 Qualified XII (1.15) 13.032 13.328 2.27% 9,889.2 131,806 Qualified XII (1.20) 13.008 13.299 2.24% 8,365.1 111,249 Qualified XII (1.25) 12.985 13.270 2.19% 7,277.8 96,576 Qualified XII (1.30) 12.961 13.241 2.16% 1,713.6 22,690 Qualified XII (1.35) 13.025 13.212 1.44% (2) 76.2 1,007 Qualified XII (1.40) 12.914 13.183 2.08% 4,625.8 60,982 Qualified XII (1.50) 12.867 13.125 2.01% 461.0 6,050 Qualified XIII 15.709 16.090 2.43% 4,927.2 79,280 Qualified XV 15.683 16.063 2.42% 4,969.8 79,833 Qualified XVI 15.434 15.744 2.01% 14,727.5 231,873 Qualified XVII 15.540 15.882 2.20% 459.5 7,298 Qualified XXI 15.698 16.096 2.54% 8,428.1 135,662 Qualified XXII 15.724 16.123 2.54% 8,671.8 139,816 Qualified XXIV 13.199 13.421 1.68% (6) 20,526.2 275,478 - --------------------------------------------------------------------------------------------------------------------------
S-74 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- GROWTH PORTFOLIO: Qualified III $ 32.036 $ 32.677 2.00% 1,463.9 $ 47,836 Qualified V 29.183 29.732 1.88% 1,591.8 47,329 Qualified VI 29.366 29.954 2.00% 6,836,286.2 204,771,348 Qualified VIII 29.380 29.966 1.99% 2,455.7 73,590 Qualified X (1.15) 31.550 32.206 2.08% 54,969.9 1,770,370 Qualified X (1.25) 31.406 32.035 2.00% 959,479.5 30,737,130 Qualified XI 29.744 30.464 2.42% 402,915.5 12,274,539 Qualified XII (0.35) 16.099 17.232 7.04% (5) 352,051.9 6,066,449 Qualified XII (0.40) 25.537 26.214 2.65% 1,606.0 42,099 Qualified XII (0.45) 16.753 17.191 2.61% 325,340.8 5,592,963 Qualified XII (0.55) 16.726 17.151 2.54% 96,189.3 1,649,708 Qualified XII (0.65) 16.699 17.110 2.46% 43,626.8 746,465 Qualified XII (0.70) 16.686 17.090 2.42% 282,576.8 4,829,253 Qualified XII (0.75) 16.673 17.070 2.38% 403,335.8 6,884,924 Qualified XII (0.80) 18.335 18.765 2.35% 1,974,549.7 37,052,885 Qualified XII (0.85) 25.471 26.059 2.31% 567,706.1 14,793,574 Qualified XII (0.90) 17.786 18.190 2.27% 13,618.6 247,718 Qualified XII (0.95) 25.378 25.944 2.23% 286,390.5 7,430,219 Qualified XII (1.00) 25.332 25.888 2.19% 685,299.1 17,740,774 Qualified XII (1.05) 25.286 25.831 2.16% 74,178.7 1,916,100 Qualified XII (1.10) 25.240 25.774 2.12% 38,716.5 997,896 Qualified XII (1.15) 25.194 25.718 2.08% 47,790.1 1,229,062 Qualified XII (1.20) 25.148 25.662 2.04% 41,431.9 1,063,205 Qualified XII (1.25) 25.103 25.605 2.00% 19,541.9 500,377 Qualified XII (1.30) 25.057 25.549 1.96% 10,930.9 279,278 Qualified XII (1.35) 24.785 25.493 2.86% (2) 336.5 8,579 Qualified XII (1.40) 24.966 25.438 1.89% 4,969.3 126,406 Qualified XII (1.50) 24.875 25.326 1.81% 4,637.8 117,459 Qualified XIII 29.684 30.347 2.23% 67,574.4 2,050,657 Qualified XV 29.635 30.296 2.23% 38,890.2 1,178,225 Qualified XVI 29.166 29.695 1.81% 121,105.1 3,596,159 Qualified XVII 29.366 29.954 2.00% 46,493.6 1,392,650 Qualified XVIII 31.406 32.035 2.00% 65,495.9 2,098,175 Qualified XXI 29.662 30.358 2.35% 94,049.4 2,855,173 Qualified XXII 29.712 30.409 2.35% 80,369.8 2,443,944 Qualified XXIV 25.641 25.896 0.99% (6) 83,350.1 2,158,443 Qualified XXVII 33.378 32.708 (2.01%) (2) 2,552,240.8 83,478,466 Qualified XXVIII 33.378 32.677 (2.10%) (2) 1,115,853.2 36,463,109 Annuity contracts in payment period 1,127,802 - -------------------------------------------------------------------------------------------------------------------------- WORLDWIDE GROWTH PORTFOLIO: Qualified I 29.020 27.806 (4.18%) 2,110.6 58,687 Qualified III 38.648 37.014 (4.23%) 1,535.7 56,842 Qualified V 34.593 33.090 (4.34%) 3,403.7 112,629 Qualified VI 34.574 33.112 (4.23%) 16,904,976.1 559,760,493 Qualified VIII 34.465 33.006 (4.23%) 9,796.6 323,347 Qualified X (1.15) 39.011 37.389 (4.16%) 67,204.9 2,512,732 Qualified X (1.25) 38.832 37.190 (4.23%) 1,695,971.4 63,072,614 Qualified XI 35.020 33.677 (3.83%) 935,812.9 31,515,006 Qualified XII (0.35) 16.103 16.182 0.49% (5) 1,137,297.6 18,404,038 Qualified XII (0.40) 28.797 27.755 (3.62%) 6,228.6 172,876 Qualified XII (0.45) 16.757 16.144 (3.66%) 625,207.7 10,093,438 Qualified XII (0.55) 16.730 16.106 (3.73%) 216,111.0 3,480,708 Qualified XII (0.65) 16.703 16.068 (3.80%) 256,615.7 4,123,354 Qualified XII (0.70) 16.689 16.049 (3.83%) 276,748.5 4,441,612 Qualified XII (0.75) 16.676 16.030 (3.87%) 1,293,981.0 20,743,012 Qualified XII (0.80) 19.592 18.826 (3.91%) 5,813,471.0 109,445,841 Qualified XII (0.85) 28.723 27.591 (3.94%) 820,372.1 22,634,817
S-75 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- WORLDWIDE GROWTH PORTFOLIO: (continued): Qualified XII (0.90) $ 19.141 $ 18.380 (3.98%) 35,821.2 $ 658,387 Qualified XII (0.95) 28.619 27.470 (4.01%) 700,370.2 19,239,233 Qualified XII (1.00) 28.567 27.410 (4.05%) 2,987,216.4 81,879,778 Qualified XII (1.05) 28.515 27.350 (4.09%) 281,642.4 7,702,917 Qualified XII (1.10) 28.463 27.290 (4.12%) 93,157.1 2,542,275 Qualified XII (1.15) 28.411 27.230 (4.16%) 133,985.0 3,648,464 Qualified XII (1.20) 28.360 27.171 (4.19%) 58,223.0 1,581,962 Qualified XII (1.25) 28.308 27.111 (4.23%) 29,982.2 812,857 Qualified XII (1.30) 28.257 27.052 (4.26%) 28,220.6 763,421 Qualified XII (1.35) 27.255 26.993 (0.96%) (1) 394.6 10,650 Qualified XII (1.40) 28.154 26.934 (4.33%) 15,782.4 425,076 Qualified XII (1.50) 28.052 26.816 (4.41%) 6,709.9 179,930 Qualified XIII 34.949 33.547 (4.01%) 135,884.0 4,558,442 Qualified XV 34.891 33.491 (4.01%) 112,516.2 3,768,266 Qualified XVI 34.339 32.826 (4.41%) 257,143.2 8,440,949 Qualified XVII 34.574 33.112 (4.23%) 102,458.0 3,392,607 Qualified XVIII 38.832 37.190 (4.23%) 92,825.7 3,452,158 Qualified XXI 34.923 33.559 (3.91%) 271,896.3 9,124,655 Qualified XXII 34.982 33.615 (3.91%) 199,269.7 6,698,481 Qualified XXIV 29.012 27.419 (5.49%) (6) 248,756.1 6,820,649 Qualified XXVII 42.335 37.049 (12.49%) (2) 4,665,459.4 172,848,911 Qualified XXVIII 42.335 37.014 (12.57%) (2) 1,599,452.4 59,202,096 Annuity contracts in payment period 1,200,854 - -------------------------------------------------------------------------------------------------------------------------- LEXINGTON EMERGING MARKETS FUND: Qualified XXVII 15.945 8.599 (46.07%) (2) 721,263.7 6,201,989 Qualified XXVIII 15.945 8.591 (46.12%) (2) 260,406.3 2,237,073 - -------------------------------------------------------------------------------------------------------------------------- LEXINGTON NATURAL RESOURCES TRUST FUND: Qualified III 12.882 13.981 8.53% 4,640.9 64,882 Qualified V 14.253 15.449 8.39% 2,658.6 41,074 Qualified VI 13.900 15.085 8.53% 388,514.2 5,860,576 Qualified VIII 12.047 13.073 8.52% 928.8 12,142 Qualified XI 14.079 15.342 8.97% 20,875.8 320,277 Qualified XII (0.35) 9.158 9.584 4.65% (5) 12,305.8 117,935 Qualified XII (0.40) 10.939 11.947 9.21% 195.0 2,330 Qualified XII (0.45) 8.758 9.561 9.17% 4,176.5 39,932 Qualified XII (0.55) 8.744 9.539 9.09% 3,960.2 37,774 Qualified XII (0.65) 8.729 9.516 9.02% 1,104.4 10,510 Qualified XII (0.70) 8.722 9.505 8.98% 6,272.6 59,620 Qualified XII (0.75) 8.715 9.494 8.94% 20,384.9 193,527 Qualified XII (0.80) 9.524 10.371 8.89% 112,082.4 1,162,359 Qualified XII (0.85) 10.911 11.876 8.84% 22,250.4 264,249 Qualified XII (0.95) 10.871 11.824 8.77% 20,972.8 247,984 Qualified XII (1.00) 10.851 11.798 8.73% 80,779.2 953,050 Qualified XII (1.05) 10.831 11.772 8.69% 3,578.1 42,123 Qualified XII (1.10) 10.812 11.747 8.65% 1,072.8 12,601 Qualified XII (1.15) 10.792 11.721 8.61% 5,204.5 61,000 Qualified XII (1.20) 10.772 11.695 8.57% 2,697.3 31,546 Qualified XII (1.50) 10.655 11.542 8.32% 66.4 767 Qualified XIII 14.051 15.283 8.77% 4,461.0 68,176 Qualified XV 14.028 15.257 8.76% 7,395.6 112,838 Qualified XVI 13.805 14.954 8.32% 5,853.3 87,530 Qualified XVII 13.900 15.085 8.53% 876.3 13,219 Qualified XXI 14.041 15.289 8.89% 3,729.5 57,019 Qualified XXII 14.064 15.314 8.89% 2,501.3 38,305 Qualified XXIV 11.307 11.802 4.38% (6) 6,399.9 75,532 Qualified XXVII 11.702 13.994 19.59% (2) 275,633.6 3,857,119 Qualified XXVIII 11.702 13.981 19.48% (2) 144,288.3 2,017,234 - --------------------------------------------------------------------------------------------------------------------------
S-76 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- MFS FUNDS: TOTAL RETURN SERIES: Qualified XXVII $ 10.126 $ 11.673 15.28% (2) 79,747.1 $ 930,849 Qualified XXVIII 10.126 11.662 15.17% (2) 5,651.2 65,902 - -------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER FUNDS: GLOBAL SECURITIES FUND/VA: Qualified III 16.126 17.398 7.89% 37.5 653 Qualified V 15.638 16.852 7.76% 392.6 6,616 Qualified VI 15.681 16.918 7.89% 953,276.7 16,127,354 Qualified VIII 15.988 16.915 5.80% (1) 30.5 516 Qualified X (1.15) 15.707 16.959 7.97% 15,751.1 267,124 Qualified X (1.25) 15.681 16.918 7.89% 138,893.1 2,349,767 Qualified XI 15.775 17.089 8.33% 68,078.0 1,163,399 Qualified XII (0.35) 16.636 17.242 3.64% (5) 24,632.3 424,708 Qualified XII (0.40) 15.859 17.219 8.58% 208.4 3,589 Qualified XII (0.45) 15.849 17.201 8.53% 1,369.9 23,565 Qualified XII (0.55) 15.823 17.161 8.46% 10,261.9 176,102 Qualified XII (0.65) 15.798 17.120 8.37% 1,924.5 32,948 Qualified XII (0.70) 15.785 17.100 8.33% 11,699.3 200,061 Qualified XII (0.75) 15.772 17.080 8.29% 29,386.7 501,927 Qualified XII (0.80) 15.800 17.104 8.25% 123,352.2 2,109,829 Qualified XII (0.85) 15.787 17.083 8.21% 36,452.7 622,734 Qualified XII (0.90) 17.689 17.063 (3.54%) (7) 994.7 16,973 Qualified XII (0.95) 15.760 17.042 8.13% 30,853.8 525,803 Qualified XII (1.00) 15.747 17.021 8.09% 92,874.0 1,580,815 Qualified XII (1.05) 15.734 17.000 8.05% 6,464.4 109,898 Qualified XII (1.10) 15.721 16.980 8.01% 2,131.8 36,197 Qualified XII (1.15) 15.707 16.959 7.97% 7,498.4 127,165 Qualified XII (1.20) 15.694 16.938 7.93% 3,251.7 55,079 Qualified XII (1.25) 15.681 16.918 7.89% 1,248.9 21,128 Qualified XII (1.30) 15.668 16.897 7.84% 342.0 5,778 Qualified XII (1.35) 15.714 16.877 7.40% (1) 97.2 1,641 Qualified XII (1.40) 15.641 16.856 7.77% 916.5 15,449 Qualified XII (1.50) 15.883 16.815 5.87% (1) 97.7 1,643 Qualified XIII 15.760 17.042 8.13% 8,728.2 148,744 Qualified XV 15.760 17.042 8.13% 5,378.5 91,659 Qualified XVI 15.615 16.815 7.68% 20,525.1 345,132 Qualified XVII 15.681 16.918 7.89% 12,921.5 218,604 Qualified XVIII 15.681 16.918 7.89% 12,465.8 210,893 Qualified XXI 15.775 17.077 8.25% 37,326.6 637,411 Qualified XXII 15.775 17.077 8.25% 11,898.8 203,191 Qualified XXIV 17.346 17.027 (1.84%) (6) 11,756.2 200,169 Qualified XXVII 17.929 17.414 (2.87%) (2) 304,590.9 5,304,269 Qualified XXVIII 17.930 17.398 (2.97%) (2) 86,852.8 1,511,076 - -------------------------------------------------------------------------------------------------------------------------- STRATEGIC BOND FUND/VA: Qualified V 10.021 10.199 1.78% 38.8 395 Qualified VI 10.048 10.239 1.90% 145,096.4 1,485,601 Qualified VIII 10.125 10.237 1.11% (4) 116.4 1,192 Qualified X (1.25) 10.048 10.239 1.90% 23,884.0 244,541 Qualified XI 10.108 10.343 2.32% 2,171.8 22,461 Qualified XII (0.35) 10.102 10.468 3.62% (5) 2,602.3 27,243 Qualified XII (0.45) 10.188 10.444 2.51% 9,570.0 99,947 Qualified XII (0.55) 10.172 10.419 2.43% 122.2 1,273 Qualified XII (0.65) 10.155 10.395 2.36% 3,977.8 41,347 Qualified XII (0.70) 9.988 10.382 3.94% (5) 23.8 247 Qualified XII (0.75) 10.139 10.370 2.28% 3,642.4 37,772 Qualified XII (0.80) 10.125 10.352 2.24% 7,408.5 76,689 Qualified XII (0.85) 10.116 10.339 2.20% 6,915.9 71,503
S-77 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- STRATEGIC BOND FUND/VA: (continued): Qualified XII (0.90) $ 10.244 $ 10.326 0.80% (3) 165.5 $ 1,709 Qualified XII (0.95) 10.099 10.314 2.13% 3,178.3 32,781 Qualified XII (1.00) 10.091 10.301 2.08% 17,549.3 180,779 Qualified XII (1.05) 10.082 10.289 2.05% 398.7 4,102 Qualified XII (1.10) 10.074 10.276 2.01% 923.6 9,491 Qualified XII (1.15) 10.065 10.264 1.98% 1,364.0 13,999 Qualified XII (1.20) 10.057 10.251 1.93% 53.6 549 Qualified XII (1.25) 10.048 10.239 1.90% 1,344.4 13,765 Qualified XII (1.30) 10.252 10.226 (0.25%) (7) 143.7 1,469 Qualified XII (1.35) 10.112 10.214 1.01% (2) 9.7 99 Qualified XII (1.40) 10.064 10.201 1.36% (2) 690.1 7,040 Qualified XII (1.50) 10.006 10.177 1.71% 117.5 1,196 Qualified XIII 10.099 10.314 2.13% 166.9 1,721 Qualified XV 10.099 10.314 2.13% 3,471.5 35,804 Qualified XVI 10.006 10.177 1.71% 1,131.1 11,510 Qualified XVIII 10.048 10.239 1.90% 10,894.5 111,545 Qualified XXI 10.108 10.335 2.25% 36.1 373 Qualified XXII 10.108 10.335 2.25% 7,331.8 75,773 Qualified XXIV 10.217 10.305 0.86% (6) 9,535.7 98,262 Qualified XXVII 10.094 10.290 1.94% (2) 117,058.1 1,204,502 Qualified XXVIII 10.095 10.280 1.83% (2) 138,169.7 1,420,408 Annuity contracts in payment period 23,455 - -------------------------------------------------------------------------------------------------------------------------- PORTFOLIO PARTNERS, INC. (PPI): PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO: Qualified III 43.112 46.380 7.58% 54,200.4 2,513,822 Qualified V 35.288 37.918 7.45% 7,599.2 288,146 Qualified VI 35.480 38.170 7.58% 2,725,654.1 104,038,432 Qualified VIII 30.498 32.808 7.57% 10,324.8 338,734 Qualified X (1.15) 15.447 16.631 7.66% 13,475.5 224,107 Qualified X (1.25) 15.421 16.590 7.58% 257,372.9 4,269,904 Qualified XI 35.938 38.821 8.02% 233,856.9 9,078,555 Qualified XII (0.35) 16.155 17.149 6.15% (5) 156,224.4 2,679,130 Qualified XII (0.40) 23.231 25.151 8.26% 770.3 19,375 Qualified XII (0.45) 15.809 17.109 8.22% 60,422.1 1,033,750 Qualified XII (0.55) 15.783 17.069 8.15% 73,542.7 1,255,266 Qualified XII (0.65) 15.758 17.028 8.06% 19,030.1 324,051 Qualified XII (0.70) 15.745 17.008 8.02% 87,464.1 1,487,612 Qualified XII (0.75) 15.732 16.988 7.98% 156,781.6 2,663,446 Qualified XII (0.80) 17.793 19.207 7.95% 479,213.6 9,204,122 Qualified XII (0.85) 23.171 25.002 7.90% 426,797.4 10,670,838 Qualified XII (0.90) 17.184 18.536 7.87% 13,097.3 242,767 Qualified XII (0.95) 23.087 24.893 7.82% 148,504.7 3,696,665 Qualified XII (1.00) 23.045 24.838 7.78% 766,518.9 19,038,913 Qualified XII (1.05) 23.003 24.784 7.74% 33,490.5 830,019 Qualified XII (1.10) 22.961 24.729 7.70% 9,859.5 243,821 Qualified XII (1.15) 22.919 24.675 7.66% 63,317.3 1,562,370 Qualified XII (1.20) 22.878 24.621 7.62% 20,409.9 502,516 Qualified XII (1.25) 22.836 24.567 7.58% 5,620.1 138,072 Qualified XII (1.30) 22.794 24.513 7.54% 2,593.4 63,573 Qualified XII (1.35) 24.002 24.460 1.91% (2) 24.5 599 Qualified XII (1.40) 22.712 24.406 7.46% 1,106.9 27,015 Qualified XII (1.50) 22.629 24.299 7.38% 946.8 23,006 Qualified XIII 35.866 38.671 7.82% 36,094.4 1,395,808 Qualified XV 35.806 38.607 7.82% 23,699.2 914,949 Qualified XVI 35.239 37.840 7.38% 40,055.4 1,515,692 Qualified XVII 35.480 38.170 7.58% 11,246.2 429,267 Qualified XVIII 15.421 16.590 7.58% 12,899.7 214,011
S-78 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO: (continued): Qualified XXI $ 35.839 $ 38.686 7.94% 35,579.6 $ 1,376,422 Qualified XXII 35.899 38.750 7.94% 34,116.0 1,322,002 Qualified XXIV 24.748 24.846 0.40% (6) 36,092.7 896,769 Qualified XXVII 45.887 46.424 1.17% (2) 2,251,632.8 104,528,824 Qualified XXVIII 45.888 46.380 1.07% (2) 521,019.1 24,164,950 Annuity contracts in payment period 367,597 - -------------------------------------------------------------------------------------------------------------------------- PPI MFS EMERGING EQUITIES PORTFOLIO: Qualified III 28.710 25.838 (10.00%) 97,540.8 2,520,275 Qualified V 28.327 25.463 (10.11%) 6,220.9 158,402 Qualified VI 28.481 25.632 (10.00%) 9,546,127.2 244,689,500 Qualified VIII 29.833 26.847 (10.01%) 12,227.5 328,276 Qualified X (1.15) 28.661 25.813 (9.94%) 35,967.2 928,434 Qualified X (1.25) 28.481 25.632 (10.00%) 1,266,387.9 32,460,476 Qualified XI 28.849 26.070 (9.63%) 636,669.3 16,597,706 Qualified XII (0.35) 15.512 14.997 (3.32%) (5) 688,793.7 10,329,614 Qualified XII (0.40) 19.199 17.389 (9.43%) 5,765.6 100,257 Qualified XII (0.45) 16.525 14.961 (9.46%) 181,179.8 2,710,686 Qualified XII (0.55) 16.499 14.926 (9.53%) 103,194.2 1,540,283 Qualified XII (0.65) 16.472 14.891 (9.60%) 114,972.9 1,712,054 Qualified XII (0.70) 16.459 14.873 (9.64%) 121,455.4 1,806,451 Qualified XII (0.75) 16.446 14.856 (9.67%) 484,275.1 7,194,326 Qualified XII (0.80) 17.731 16.011 (9.70%) 3,213,935.7 51,457,990 Qualified XII (0.85) 19.150 17.286 (9.73%) 822,804.8 14,222,735 Qualified XII (0.90) 17.139 15.465 (9.77%) 26,232.4 405,690 Qualified XII (0.95) 19.080 17.210 (9.80%) 466,787.9 8,033,375 Qualified XII (1.00) 19.045 17.172 (9.83%) 2,493,782.5 42,823,760 Qualified XII (1.05) 19.011 17.135 (9.87%) 194,861.2 3,338,863 Qualified XII (1.10) 18.976 17.097 (9.90%) 47,996.7 820,602 Qualified XII (1.15) 18.942 17.060 (9.94%) 135,002.8 2,303,092 Qualified XII (1.20) 18.907 17.022 (9.97%) 71,561.8 1,218,134 Qualified XII (1.25) 18.873 16.985 (10.00%) 29,691.6 504,309 Qualified XII (1.30) 18.838 16.948 (10.03%) 13,023.3 220,714 Qualified XII (1.35) 17.600 16.910 (3.92%) (1) 167.0 2,824 Qualified XII (1.40) 18.770 16.873 (10.11%) 3,448.6 58,189 Qualified XII (1.50) 18.702 16.800 (10.17%) 3,593.3 60,366 Qualified XIII 28.791 25.969 (9.80%) 69,038.0 1,792,840 Qualified XV 28.743 25.926 (9.80%) 73,809.6 1,913,565 Qualified XVI 28.288 25.411 (10.17%) 142,256.4 3,614,818 Qualified XVII 28.481 25.632 (10.00%) 14,624.5 374,861 Qualified XVIII 28.481 25.632 (10.00%) 39,422.3 1,010,487 Qualified XXI 28.769 25.979 (9.70%) 202,572.0 5,262,567 Qualified XXII 28.817 26.022 (9.70%) 203,016.6 5,282,905 Qualified XXIV 19.145 17.178 (10.27%) (6) 214,306.8 3,681,327 Qualified XXVII 28.118 25.862 (8.02%) (2) 2,383,559.0 61,644,457 Qualified XXVIII 28.119 25.838 (8.11%) (2) 631,098.3 16,306,422 Annuity contracts in payment period 139,585 - -------------------------------------------------------------------------------------------------------------------------- PPI MFS RESEARCH GROWTH PORTFOLIO: Qualified I 13.469 14.555 8.06% 2,474.7 36,018 Qualified III 17.796 19.222 8.01% 148,530.6 2,855,114 Qualified V 20.293 21.894 7.89% 9,958.4 218,026 Qualified VI 20.527 22.172 8.01% 6,570,519.8 145,684,083 Qualified VII 17.322 18.718 8.06% 135,316.1 2,532,900 Qualified VIII 17.312 18.698 8.01% 13,366.3 249,926 Qualified IX 17.102 18.507 8.22% 2,854.8 52,833 Qualified X (1.15) 20.653 22.325 8.10% 10,200.3 227,724 Qualified X (1.25) 20.527 22.172 8.01% 884,991.9 19,622,379 Qualified XI 20.792 22.551 8.46% 325,390.2 7,337,762
S-79 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- PPI MFS RESEARCH GROWTH PORTFOLIO: (continued): Qualified XII (0.35) $ 13.213 $ 14.226 7.67% (5) 392,797.3 $ 5,587,771 Qualified XII (0.40) 13.146 14.289 8.69% 7,694.8 109,953 Qualified XII (0.45) 13.061 14.192 8.66% 60,327.4 856,171 Qualified XII (0.55) 13.040 14.159 8.58% 50,595.0 716,356 Qualified XII (0.65) 13.019 14.125 8.50% 95,163.5 1,344,211 Qualified XII (0.70) 13.008 14.109 8.46% 59,936.5 845,622 Qualified XII (0.75) 12.998 14.092 8.42% 150,462.7 2,120,325 Qualified XII (0.80) 14.375 15.579 8.38% 563,518.1 8,778,941 Qualified XII (0.85) 13.112 14.205 8.34% 625,014.1 8,878,110 Qualified XII (0.90) 13.982 15.142 8.30% 10,948.3 165,781 Qualified XII (0.95) 13.064 14.142 8.25% 299,227.2 4,231,790 Qualified XII (1.00) 13.040 14.111 8.21% 724,509.0 10,223,878 Qualified XII (1.05) 13.016 14.080 8.17% 63,253.9 890,644 Qualified XII (1.10) 12.993 14.050 8.14% 28,324.4 397,948 Qualified XII (1.15) 12.969 14.019 8.10% 87,346.7 1,224,500 Qualified XII (1.20) 12.945 13.988 8.06% 33,940.3 474,759 Qualified XII (1.25) 12.922 13.957 8.01% 3,407.7 47,563 Qualified XII (1.30) 12.898 13.927 7.98% 5,179.6 72,135 Qualified XII (1.35) 12.502 13.896 11.15% (2) 42.0 584 Qualified XII (1.40) 12.851 13.866 7.90% 2,852.6 39,554 Qualified XII (1.50) 12.805 13.805 7.81% 2,238.3 30,900 Qualified XIII 20.750 22.464 8.26% 44,340.9 996,056 Qualified XV 20.716 22.426 8.25% 62,951.9 1,411,771 Qualified XVI 20.388 21.981 7.81% 131,971.3 2,900,802 Qualified XVII 20.527 22.172 8.01% 95,002.5 2,106,431 Qualified XVIII 20.527 22.172 8.01% 45,728.5 1,013,910 Qualified XIX 13.469 14.555 8.06% 8,885.4 129,325 Qualified XX 17.796 19.222 8.01% 13,712.9 263,595 Qualified XXI 20.735 22.472 8.38% 78,080.9 1,754,639 Qualified XXII 20.770 22.510 8.38% 96,990.7 2,183,214 Qualified XXIV 13.783 14.116 2.42% (6) 131,260.0 1,852,875 Qualified XXVII 19.214 21.045 9.53% (2) 991,474.0 20,865,813 Qualified XXVIII 19.214 21.026 9.43% (2) 133,649.5 2,810,060 - -------------------------------------------------------------------------------------------------------------------------- PPI SCUDDER INTERNATIONAL GROWTH PORTFOLIO: Qualified III 32.585 26.534 (18.57%) 36,818.4 976,939 Qualified V 30.781 25.035 (18.67%) 3,178.3 79,568 Qualified VI 31.255 25.451 (18.57%) 3,354,861.5 85,384,241 Qualified VIII 26.330 21.439 (18.58%) 22,409.9 480,452 Qualified X (1.15) 31.447 25.626 (18.51%) 35,573.0 911,596 Qualified X (1.25) 31.255 25.451 (18.57%) 415,603.6 10,577,485 Qualified XI 31.658 25.885 (18.24%) 257,019.8 6,652,939 Qualified XII (0.35) 13.496 12.688 (5.99%) (5) 411,275.1 5,218,274 Qualified XII (0.40) 21.461 17.586 (18.06%) 2,435.1 42,825 Qualified XII (0.45) 15.452 12.658 (18.08%) 43,357.8 548,828 Qualified XII (0.55) 15.427 12.628 (18.14%) 58,904.5 743,865 Qualified XII (0.65) 15.403 12.599 (18.20%) 25,162.5 317,012 Qualified XII (0.70) 15.390 12.584 (18.23%) 51,126.0 643,355 Qualified XII (0.75) 15.378 12.569 (18.27%) 170,816.2 2,146,973 Qualified XII (0.80) 17.351 14.176 (18.30%) 826,207.2 11,712,293 Qualified XII (0.85) 21.405 17.482 (18.33%) 459,714.0 8,036,821 Qualified XII (0.90) 17.314 14.136 (18.36%) 18,555.5 262,296 Qualified XII (0.95) 21.327 17.406 (18.39%) 169,547.5 2,951,088 Qualified XII (1.00) 21.289 17.368 (18.42%) 864,200.8 15,009,100 Qualified XII (1.05) 21.250 17.330 (18.45%) 48,140.7 834,255 Qualified XII (1.10) 21.211 17.292 (18.48%) 15,201.2 262,853 Qualified XII (1.15) 21.173 17.254 (18.51%) 53,973.8 931,247 Qualified XII (1.20) 21.134 17.216 (18.54%) 18,468.2 317,947
S-80 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued):
- -------------------------------------------------------------------------------------------------------------------------- Value Per Unit Increase (Decrease) Units -------- in Value of Outstanding Reserves Beginning End of Accumulation at End at End of Period Period Unit of Period of Period - -------------------------------------------------------------------------------------------------------------------------- PPI SCUDDER INTERNATIONAL GROWTH PORTFOLIO: (continued): Qualified XII (1.25) $ 21.096 $ 17.178 (18.57%) 6,054.2 $ 104,001 Qualified XII (1.30) 21.057 17.141 (18.60%) 929.5 15,933 Qualified XII (1.40) 20.981 17.066 (18.66%) 1,089.7 18,597 Qualified XII (1.50) 20.905 16.991 (18.72%) 1,275.7 21,676 Qualified XIII 31.595 25.785 (18.39%) 28,445.4 733,464 Qualified XV 31.542 25.742 (18.39%) 35,848.9 922,827 Qualified XVI 31.043 25.231 (18.72%) 53,354.0 1,346,162 Qualified XVII 31.255 25.451 (18.57%) 6,154.4 156,636 Qualified XVIII 31.255 25.451 (18.57%) 12,886.5 327,974 Qualified XXI 31.571 25.795 (18.30%) 73,729.9 1,901,846 Qualified XXII 31.624 25.838 (18.30%) 49,477.9 1,278,393 Qualified XXIV 19.321 17.373 (10.08%) (6) 39,860.1 692,502 Qualified XXVII 33.036 26.559 (19.61%) (2) 2,385,156.0 63,347,037 Qualified XXVIII 33.036 26.534 (19.68%) (2) 263,077.8 6,980,508 Annuity contracts in payment period 10,301 - -------------------------------------------------------------------------------------------------------------------------- PPI T. ROWE PRICE GROWTH EQUITY PORTFOLIO: Qualified III 25.283 27.318 8.05% 158.5 4,331 Qualified V 22.227 23.988 7.92% 1,808.5 43,382 Qualified VI 21.922 23.686 8.05% 5,478,060.0 129,754,438 Qualified VIII 22.377 24.177 8.04% 4,466.2 107,977 Qualified X (1.15) 24.669 26.675 8.13% 31,576.7 842,295 Qualified X (1.25) 24.557 26.534 8.05% 632,747.0 16,789,205 Qualified XI 22.205 24.090 8.49% 317,321.6 7,644,327 Qualified XII (0.35) 13.599 14.669 7.87% (5) 252,546.5 3,704,700 Qualified XII (0.40) 20.546 22.340 8.73% 1,382.8 30,893 Qualified XII (0.45) 13.464 14.635 8.70% 98,476.3 1,441,180 Qualified XII (0.55) 13.443 14.600 8.61% 31,218.6 455,801 Qualified XII (0.65) 13.421 14.566 8.53% 14,235.5 207,353 Qualified XII (0.70) 13.410 14.549 8.49% 74,980.6 1,090,874 Qualified XII (0.75) 13.399 14.532 8.46% 266,041.3 3,866,016 Qualified XII (0.80) 14.748 15.988 8.41% 892,418.6 14,267,891 Qualified XII (0.85) 20.493 22.208 8.37% 152,179.9 3,379,589 Qualified XII (0.90) 14.296 15.486 8.32% 8,002.3 123,927 Qualified XII (0.95) 20.418 22.111 8.29% 250,196.6 5,531,996 Qualified XII (1.00) 20.381 22.062 8.25% 525,478.6 11,593,239 Qualified XII (1.05) 20.344 22.014 8.21% 76,464.1 1,683,272 Qualified XII (1.10) 20.307 21.966 8.17% 25,984.6 570,770 Qualified XII (1.15) 20.270 21.918 8.13% 56,927.7 1,247,716 Qualified XII (1.20) 20.233 21.869 8.09% 21,317.9 466,212 Qualified XII (1.25) 20.196 21.822 8.05% 1,952.3 42,603 Qualified XII (1.30) 20.160 21.774 8.01% 4,943.5 107,639 Qualified XII (1.35) 19.539 21.726 11.19% (2) 76.4 1,661 Qualified XII (1.40) 20.086 21.679 7.93% 2,007.1 43,511 Qualified XII (1.50) 20.013 21.584 7.85% 1,595.0 34,426 Qualified XIII 22.160 23.997 8.29% 30,009.5 720,141 Qualified XV 22.123 23.957 8.29% 20,083.2 481,137 Qualified XVI 21.773 23.481 7.84% 93,751.8 2,201,418 Qualified XVII 21.922 23.686 8.05% 20,547.5 486,693 Qualified XVIII 24.557 26.534 8.05% 20,336.0 539,592 Qualified XXI 22.144 24.006 8.41% 55,136.0 1,323,608 Qualified XXII 22.181 24.046 8.41% 53,033.2 1,275,245 Qualified XXIV 21.893 22.069 0.80% (6) 86,572.9 1,910,618 Qualified XXVII 25.002 27.344 9.37% (2) 1,301,953.4 35,600,017 Qualified XXVIII 25.002 27.318 9.26% (2) 277,528.4 7,581,523 Annuity contracts in payment period 64,376 - -------------------------------------------------------------------------------------------------------------------------- TOTAL $15,375,781,363 ==========================================================================================================================
S-81 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued): QUALIFIED I Individual contracts issued prior to May 1, 1975 in connection with Qualified Corporate Retirement Plans established pursuant to Section 401 of the Internal Revenue Code (Code); Tax-Deferred Annuity Plans established by the public school systems and tax-exempt organizations pursuant to Section 403(b) of the Code, and certain Individual Retirement Annuity Plans established by or on behalf of individuals pursuant to section 408(b) of the Code; Individual contracts issued prior to November 1, 1975 in connection with H.R. 10 Plans established by persons entitled to the benefits of the Self-Employed Individuals Tax Retirement Act of 1962, as amended; allocated group contracts issued prior to May 1, 1975 in connection with Qualified Corporate Retirement Plans; and group contracts issued prior to October 1, 1978 in connection with Tax-Deferred Annuity Plans. QUALIFIED III Individual contracts issued in connection with Tax-Deferred Annuity Plans and Individual Retirement Annuity Plans since May 1, 1975, H.R. 10 Plans since November 1, 1975; group contracts issued since October 1, 1978 in connection with Tax-Deferred Annuity Plans and group contracts issued since May 1, 1979 in connection with Deferred Compensation Plans adopted by state and local governments and H.R. 10 Plans. QUALIFIED V Certain group AetnaPlus contracts issued since August 28, 1992 in connection with Optional Retirement Plans established pursuant to Section 403(b) or 401(a) of the Internal Revenue Code. QUALIFIED VI Certain group AetnaPlus contracts issued in connection with Tax-Deferred Annuity Plans, Retirement Plus Plans and Deferred Compensation Plans since August 28, 1992. QUALIFIED VII Certain existing contracts that were converted to ACES, an administrative system (previously valued under Qualified I). QUALIFIED VIII Group AetnaPlus contracts issued in connection with Tax-Deferred Annuity Plans and Deferred Compensation Plans adopted by state and local governments since June 30, 1993. QUALIFIED IX Certain large group contracts (Jumbo) that were converted to ACES, an administrative system (previously valued under Qualified VI). QUALIFIED X Individual Retirement Annuity and Simplified Employee Pension Plans issued or converted to ACES, an administrative system. QUALIFIED XI Certain large group contracts issued in connection with Deferred Compensation Plans adopted by state and local governments since January 1996. QUALIFIED XII Group Retirement Plus and Voluntary TDA contracts issued since 1996 in connection with plans established pursuant to Section 403(b) or 401(a) of the Internal Revenue Code, shown separately by applicable daily charge; and contracts issued since October 1, 1996 in connection with Optional Retirement Plans established pursuant to Section 403(b) or 403(a) of the Internal Revenue Code. QUALIFIED XIII Certain existing contracts issued in connection with Deferred Compensation Plans issued through product exchange on May 25, 1996 (previously valued under Qualified VI). QUALIFIED XIV Certain existing contracts issued in connection with Deferred Compensation Plans issued through product exchange on November 1, 1996 (previously valued under Qualified III). QUALIFIED XV Certain existing contracts issued in connection with Deferred Compensation Plans issued through product exchange on December 16, 1996 (previously valued under Qualified VI), and new contracts issued after that date in connection with certain Deferred Compensation Plans. QUALIFIED XVI Group AetnaPlus contracts assessing an administrative expense charge effective April 7, 1997 issued in connection with Tax-Deferred Annuity Plans, Retirement Plus Plans and Deferred Compensation Plans. QUALIFIED XVII Group AetnaPlus contracts containing contractual limits on fees issued in connection with Tax-Deferred Annuity Plans and Deferred Compensation Plans, which resulted in reduced daily charges for certain funding options effective May 29, 1997. QUALIFIED XVIII Individual Retirement Annuity and Simplified Employee Pension Plan contracts containing contractual limits on fees, which resulted in reduced daily charges for certain funding options effective May 29, 1997. QUALIFIED XIX Group Corporate 401 contracts containing contractual limits on fees, which resulted in reduced daily charges for certain funding options effective May 29, 1997. QUALIFIED XX Group HR 10 contracts containing contractual limits on fees, which resulted in reduced daily charges for certain funding options effective May 29, 1997. QUALIFIED XXI Certain existing contracts issued in connection with Deferred Compensation Plans having contract modifications effective May 20, 1999. QUALIFIED XXII Certain existing contracts issued in connection with Deferred Compensation Plans having contract modifications effective May 20, 1999. QUALIFIED XXIV Group contract issued in connection with Optional Retirement Plans having contract modifications effective July 2000 to lower mortality and expense fee. QUALIFIED XXVII Group contract issued in connection with Tax Deferred Annuity Plans having contract modifications effective February 2000 to lower mortality and expense fee. QUALIFIED XXVIII Group contract issued in connection with Optional Retirement Plans having contract modifications effective February 2000 to lower mortality and expense fee. S-82 VARIABLE ANNUITY ACCOUNT C CONDENSED FINANCIAL INFORMATION - Period Ended September 30, 2000 (Unaudited and continued): NOTES TO CONDENSED FINANCIAL INFORMATION: (1) - Reflects less than a full year of performance activity. Funds were first received in this option during January 2000. (2) - Reflects less than a full year of performance activity. Funds were first received in this option during February 2000. (3) - Reflects less than a full year of performance activity. Funds were first received in this option during March 2000. (4) - Reflects less than a full year of performance activity. Funds were first received in this option during April 2000. (5) - Reflects less than a full year of performance activity. Funds were first received in this option during May 2000. (6) - Reflects less than a full year of performance activity. Funds were first received in this option during June 2000. (7) - Reflects less than a full year of performance activity. Funds were first received in this option during July 2000. (8) - Reflects less than a full year of performance activity. Funds were first received in this option during August 2000. (9) - Reflects less than a full year of performance activity. Funds were first received in this option during September 2000. See Notes to Financial Statements S-83 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Variable Annuity Account C (the "Account") is a separate account established by Aetna Life Insurance and Annuity Company (the "Company") and is registered under the Investment Company Act of 1940 as a unit investment trust. The Account is sold exclusively for use with variable annuity contracts that are qualified under the Internal Revenue Code of 1986, as amended. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect amounts reported therein. Actual results could differ from these estimates. a. VALUATION OF INVESTMENTS Investments in the following Funds are stated at the closing net asset value per share as determined by each Fund on September 30, 2000: Aetna Ascent VP Fidelity Investments Variable Insurance Products Fund: Aetna Balanced VP, Inc. - Equity-Income Portfolio Aetna Bond VP - Growth Portfolio Aetna Crossroads VP - High Income Portfolio Aetna GET Fund, Series C - Overseas Portfolio Aetna GET Fund, Series D Fidelity Investments Variable Insurance Products Fund II: Aetna GET Fund, Series E - Asset Manager Portfolio Aetna GET Fund, Series G - Contrafund Portfolio Aetna GET Fund, Series H - Index 500 Portfolio Aetna GET Fund, Series I Janus Aspen Series: Aetna GET Fund, Series J - Aggressive Growth Portfolio Aetna GET Fund, Series K - Balanced Portfolio Aetna Growth and Income VP - Flexible Income Portfolio Aetna Growth VP - Growth Portfolio Aetna Index Plus Large Cap VP - Worldwide Growth Portfolio Aetna Index Plus Mid Cap VP Lexington Emerging Markets Fund Aetna Index Plus Small Cap VP Lexington Natural Resources Trust Fund Aetna International VP MFS Funds: Aetna Legacy VP - Total Return Series Aetna Money Market VP Oppenheimer Funds: Aetna Technology VP - Global Securities Fund/VA Aetna Value Opportunity VP - Strategic Bond Fund/VA AIM V.I. Funds: Portfolio Partners, Inc. (PPI): - Capital Appreciation Fund - PPI MFS Capital Opportunities Portfolio - Growth and Income Fund - PPI MFS Emerging Equities Portfolio - Growth Fund - PPI MFS Research Growth Portfolio - Value Fund - PPI Scudder International Growth Portfolio Calvert Social Balanced Portfolio - PPI T. Rowe Price Growth Equity Portfolio
b. OTHER Investment transactions are accounted for on a trade date basis and dividend income is recorded on the ex-dividend date. The cost of investments sold is determined by specific identification. c. FEDERAL INCOME TAXES The operations of the Account form a part of, and are taxed with, the total operations of the Company which is taxed as a life insurance company under the Internal Revenue Code of 1986, as amended. S-84 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): d. ANNUITY RESERVES Annuity reserves held in the Account are computed for currently payable contracts according to the Progressive Annuity, a49, 1971 Individual Annuity Mortality, 1971 Group Annuity Mortality, 83a, 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. 2. VALUATION PERIOD DEDUCTIONS Deductions by the Account for mortality and expense risk charges are made in accordance with the terms of the contracts and are paid to the Company. 3. DIVIDEND INCOME On an annual basis, the Funds distribute substantially all of their taxable income and realized capital gains to their shareholders. Distributions to the Account are automatically reinvested in shares of the Funds. The Account's proportionate share of each Fund's undistributed net investment income (distributions in excess of net investment income) and accumulated net realized gain (loss) on investments is included in net unrealized gain (loss) in the Statement of Operations. 4. PURCHASES AND SALES OF INVESTMENTS The cost of purchases and proceeds from sales of investments other than short-term investments for the period ended September 30, 2000 aggregated $4,015,565,950 and $3,040,080,663. S-85 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 5. SUPPLEMENTAL INFORMATION TO STATEMENT OF OPERATIONS Valuation Proceeds Cost of PERIOD ENDED Period from Investments SEPTEMBER 30, 2000 Dividends Deductions Sales Sold AETNA ASCENT VP: Annuity contracts in accumulation $932,980 ($680,313) $12,563,647 $10,633,944 AETNA BALANCED VP: Annuity contracts in accumulation 30,894,992 (8,259,549) 115,384,891 97,038,671 AETNA BOND VP: Annuity contracts in accumulation 3,750,270 (2,583,967) 51,012,297 53,886,182 AETNA CROSSROADS VP: Annuity contracts in accumulation 1,173,799 (555,103) 9,373,433 9,246,943 AETNA GET FUND, SERIES B: Annuity contracts in accumulation 0 (2) 0 0 AETNA GET FUND, SERIES C: Annuity contracts in accumulation 14,345,621 (1,639,597) 19,656,653 16,171,252 AETNA GET FUND, SERIES D: Annuity contracts in accumulation 5,613,276 (3,953,192) 112,684,242 109,638,511 AETNA GET FUND, SERIES E: Annuity contracts in accumulation 431,840 (1,545,449) 16,575,634 15,677,104 AETNA GET FUND, SERIES G: Annuity contracts in accumulation 89,075 (447,803) 5,631,272 5,561,342 AETNA GET FUND, SERIES H: Annuity contracts in accumulation 915 (272,689) 2,565,353 2,420,216 AETNA GET FUND, SERIES I: Annuity contracts in accumulation 0 (9,548) 69,839 67,566 AETNA GET FUND, SERIES J: Annuity contracts in accumulation 0 (696) 910 906 AETNA GET FUND, SERIES K: Annuity contracts in accumulation 0 (14) 6 6 AETNA GROWTH AND INCOME VP: Annuity contracts in accumulation 244,519,905 (49,396,858) 718,717,085 720,224,449 AETNA GROWTH VP: Annuity contracts in accumulation 3,038,381 (1,438,673) 8,405,117 5,616,781 AETNA HIGH YIELD VP: Annuity contracts in accumulation 4,178 (17,017) 4,683,659 4,877,293 AETNA INDEX PLUS BOND VP: Annuity contracts in accumulation 505 (6,940) 1,302,832 1,317,450 AETNA INDEX PLUS LARGE CAP VP: Annuity contracts in accumulation 21,991,702 (4,135,485) 39,295,081 22,616,199 AETNA INDEX PLUS MID CAP VP: Annuity contracts in accumulation 231,204 (129,972) 7,366,227 6,385,401 AETNA INDEX PLUS SMALL CAP VP: Annuity contracts in accumulation 0 (78,543) 7,383,228 6,654,277 ---------------------------------------------------------------------------------
S-86 Net Unrealized Net Net Net Gain (Loss) Change in Increase (Decrease) Realized ---------------------------- Unrealized in Net Assets PERIOD ENDED Gain (Loss) Beginning End Gain (Loss) Resulting from SEPTEMBER 30, 2000 on Investments of Period of Period on Investments Operations AETNA ASCENT VP: Annuity contracts in accumulation $1,929,703 $4,030,133 $4,210,327 $180,194 $2,362,564 AETNA BALANCED VP: Annuity contracts in accumulation 18,346,220 45,044,344 28,009,950 (17,034,394) 23,947,269 AETNA BOND VP: Annuity contracts in accumulation (2,873,885) (19,754,875) (5,783,946) 13,970,929 12,263,347 AETNA CROSSROADS VP: Annuity contracts in accumulation 126,490 1,130,783 1,882,961 752,178 1,497,364 AETNA GET FUND, SERIES B: Annuity contracts in accumulation 0 0 0 0 (2) AETNA GET FUND, SERIES C: Annuity contracts in accumulation 3,485,401 19,237,706 353,838 (18,883,868) (2,692,443) AETNA GET FUND, SERIES D: Annuity contracts in accumulation 3,045,731 25,690,783 7,557,038 (18,133,745) (13,427,930) AETNA GET FUND, SERIES E: Annuity contracts in accumulation 898,530 10,381,800 6,749,626 (3,632,174) (3,847,253) AETNA GET FUND, SERIES G: Annuity contracts in accumulation 69,930 1,305,419 422,032 (883,387) (1,172,185) AETNA GET FUND, SERIES H: Annuity contracts in accumulation 145,137 2,236 1,086,352 1,084,116 957,479 AETNA GET FUND, SERIES I: Annuity contracts in accumulation 2,273 0 9,982 9,982 2,707 AETNA GET FUND, SERIES J: Annuity contracts in accumulation 4 0 (6,803) (6,803) (7,495) AETNA GET FUND, SERIES K: Annuity contracts in accumulation 0 0 84 84 70 AETNA GROWTH AND INCOME VP: Annuity contracts in accumulation (1,507,364) (281,156,139) (631,565,665) (350,409,526) (156,793,843) AETNA GROWTH VP: Annuity contracts in accumulation 2,788,336 31,404,391 34,681,500 3,277,109 7,665,153 AETNA HIGH YIELD VP: Annuity contracts in accumulation (193,634) (112,582) 0 112,582 (93,891) AETNA INDEX PLUS BOND VP: Annuity contracts in accumulation (14,618) (64,241) 0 64,241 43,188 AETNA INDEX PLUS LARGE CAP VP: Annuity contracts in accumulation 16,678,882 94,088,323 50,188,413 (43,899,910) (9,364,811) AETNA INDEX PLUS MID CAP VP: Annuity contracts in accumulation 980,826 147,754 2,453,448 2,305,694 3,387,752 AETNA INDEX PLUS SMALL CAP VP: Annuity contracts in accumulation 728,951 672,037 481,901 (190,136) 460,272 - ------------------------------------------------------------------------------------------------------------
S-87 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 5. SUPPLEMENTAL INFORMATION TO STATEMENTS OF OPERATIONS (continued): Valuation Proceeds Cost of PERIOD ENDED SEPTEMBER Period from Investments 30, 2000 Dividends Deductions Sales Sold AETNA INTERNATIONAL VP: Annuity contracts in accumulation $466,592 ($106,407) $14,166,941 $13,007,370 AETNA LEGACY VP: Annuity contracts in accumulation 788,237 (343,554) 8,344,431 8,095,806 AETNA MONEY MARKET VP: Annuity contracts in accumulation 14,088,879 (2,468,385) 769,733,594 769,168,287 AETNA REAL ESTATE SECURITIES VP: Annuity contracts in accumulation 1,796 (15,710) 5,779,899 5,396,448 AETNA SMALL COMPANY VP: Annuity contracts in accumulation 5,715,158 (757,244) 41,744,141 28,105,676 AETNA TECHNOLOGY VP: Annuity contracts in accumulation 0 (49,765) 1,213,282 1,130,966 AETNA VALUE OPPORTUNITY VP: Annuity contracts in accumulation 5,685,856 (296,396) 13,111,924 10,589,659 AIM V.I. FUNDS: CAPITAL APPRECIATION FUND: Annuity contracts in accumulation 0 (81,811) 2,552,902 2,230,782 Annuity contracts in payment period 0 (1,343) 0 0 GROWTH AND INCOME FUND: Annuity contracts in accumulation 0 (224,600) 1,874,950 1,501,446 Annuity contracts in payment period 0 (559) 0 0 GROWTH FUND: Annuity contracts in accumulation 0 (112,630) 823,653 673,471 VALUE FUND: Annuity contracts in accumulation 0 (123,055) 1,554,788 1,348,430 Annuity contracts in payment period 0 (2,022) 0 0 ALLIANCE FUNDS: GROWTH AND INCOME PORTFOLIO: Annuity contracts in accumulation 0 (5,718) 0 0 AMERICAN CENTURY INCOME AND GROWTH FUND: Annuity contracts in accumulation 0 (15,327) 0 0 CALVERT SOCIAL BALANCED PORTFOLIO: Annuity contracts in accumulation 0 (555,968) 8,811,261 6,098,140 CHAPMAN DEM EQUITY FUND: Annuity contracts in accumulation 0 (94) 0 0 FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS: EQUITY-INCOME PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 15,968,399 (1,576,099) 44,982,170 37,325,096 EQUITY-INCOME PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 0 (13,869) 0 0 GROWTH PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 49,684,906 (4,089,403) 13,254,584 7,406,417 GROWTH PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 0 (3,537) 0 0 ------------------------------------------------------------------------------
S-88 Net Unrealized Net Net Net Gain (Loss) Change in Increase (Decrease) Realized ---------------------------- Unrealized in Net Assets PERIOD ENDED SEPTEMBER Gain (Loss) Beginning End Gain (Loss) Resulting from 30, 2000 on Investments of Period of Period on Investments Operations AETNA INTERNATIONAL VP: Annuity contracts in accumulation $1,159,571 $1,272,468 ($2,013,643) ($3,286,111) ($1,766,355) AETNA LEGACY VP: Annuity contracts in accumulation 248,625 (83,476) 924,951 1,008,427 1,701,735 AETNA MONEY MARKET VP: Annuity contracts in accumulation 565,307 4,054,787 3,181,218 (873,569) 11,312,232 AETNA REAL ESTATE SECURITIES VP: Annuity contracts in accumulation 383,451 (72,859) 0 72,859 442,396 AETNA SMALL COMPANY VP: Annuity contracts in accumulation 13,638,465 13,100,682 2,315,089 (10,785,593) 7,810,786 AETNA TECHNOLOGY VP: Annuity contracts in accumulation 82,316 0 (2,188,921) (2,188,921) (2,156,370) AETNA VALUE OPPORTUNITY VP: Annuity contracts in accumulation 2,522,265 5,773,811 1,037,551 (4,736,260) 3,175,465 AIM V.I. FUNDS: CAPITAL APPRECIATION FUND: Annuity contracts in accumulation 322,120 166,754 829,541 662,787 903,096 Annuity contracts in payment period 0 0 0 0 (1,343) GROWTH AND INCOME FUND: Annuity contracts in accumulation 373,504 1,220,016 1,117,124 (102,892) 46,012 Annuity contracts in payment period 0 0 0 0 (559) GROWTH FUND: Annuity contracts in accumulation 150,182 497,930 (137,031) (634,961) (597,409) VALUE FUND: Annuity contracts in accumulation 206,358 835,034 (902,099) (1,737,133) (1,653,830) Annuity contracts in payment period 0 0 0 0 (2,022) ALLIANCE FUNDS: GROWTH AND INCOME PORTFOLIO: Annuity contracts in accumulation 0 0 0 0 (5,718) AMERICAN CENTURY INCOME AND GROWTH FUND: Annuity contracts in accumulation 0 0 0 0 (15,327) CALVERT SOCIAL BALANCED PORTFOLIO: Annuity contracts in accumulation 2,713,121 7,801,335 8,336,370 535,035 2,692,188 CHAPMAN DEM EQUITY FUND: Annuity contracts in accumulation 0 0 0 0 (94) FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS: EQUITY-INCOME PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 7,657,074 29,981,910 12,499,140 (17,482,770) 4,566,604 EQUITY-INCOME PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 0 0 0 0 (13,869) GROWTH PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 5,848,167 135,925,667 86,362,956 (49,562,711) 1,880,959 GROWTH PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 0 0 0 0 (3,537) - ------------------------------------------------------------------------------------------------------------
S-89 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 5. SUPPLEMENTAL INFORMATION TO STATEMENTS OF OPERATIONS (continued): Valuation Proceeds Cost of PERIOD ENDED Period from Investments SEPTEMBER 30, 2000 Dividends Deductions Sales Sold HIGH INCOME PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation $143,538 ($21,914) $844,669 $916,659 OVERSEAS PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 2,247,069 (198,873) 17,309,917 15,173,448 OVERSEAS PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 0 (37,642) 0 0 FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS II: ASSET MANAGER PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 2,891,552 (263,023) 3,753,754 3,137,131 CONTRAFUND PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 59,662,762 (3,866,318) 38,562,867 21,586,394 INDEX 500 PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 1,721,648 (1,010,871) 54,187,187 32,088,890 JANUS ASPEN SERIES: AGGRESSIVE GROWTH PORTFOLIO: Annuity contracts in accumulation 148,372,545 (11,443,274) 111,555,820 29,840,787 BALANCED PORTFOLIO: Annuity contracts in accumulation 28,812,783 (2,287,228) 9,271,348 4,878,516 CAPITAL APPRECIATION PORTFOLIO: Annuity contracts in accumulation 0 (30) 0 0 FLEXIBLE INCOME PORTFOLIO: Annuity contracts in accumulation 1,300,095 (262,941) 9,953,585 10,601,170 GROWTH PORTFOLIO: Annuity contracts in accumulation 37,007,606 (3,808,424) 16,053,953 7,274,125 Annuity contracts in payment period 0 (1,081) 0 0 WORLDWIDE GROWTH PORTFOLIO: Annuity contracts in accumulation 103,818,219 (10,870,604) 72,881,190 27,436,475 Annuity contracts in payment period 0 (168) 0 0 TWENTY FUND: Annuity contracts in payment period 0 (9,503) 0 0 LEXINGTON EMERGING MARKETS FUND: Annuity contracts in accumulation 0 (133,784) 30,304,246 29,178,615 LEXINGTON NATURAL RESOURCES TRUST FUND: Annuity contracts in accumulation 59,448 (139,907) 6,811,494 8,348,542 MFS FUNDS: TOTAL RETURN SERIES: Annuity contracts in accumulation 42,782 (14,447) 584,597 593,952 OPPENHEIMER FUNDS: AGGRESSIVE GROWTH FUND: Annuity contracts in accumulation 0 (7,908) 0 0 ---------------------------------------------------------------------------------
S-90 Net Unrealized Net Net Net Gain (Loss) Change in Increase (Decrease) Realized --------------------------- Unrealized in Net Assets PERIOD ENDED Gain (Loss) Beginning End Gain (Loss) Resulting from SEPTEMBER 30, 2000 on Investments of Period of Period on Investments Operations HIGH INCOME PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation ($71,990) $42,986 ($282,085) ($325,071) ($275,437) OVERSEAS PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 2,136,469 5,076,505 (1,886,118) (6,962,623) (2,777,958) OVERSEAS PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 0 0 0 0 (37,642) FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS II: ASSET MANAGER PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 616,623 3,975,450 431,675 (3,543,775) (298,623) CONTRAFUND PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 16,976,473 167,567,655 90,721,348 (76,846,307) (4,073,390) INDEX 500 PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 22,098,297 35,135,496 9,759,111 (25,376,385) (2,567,311) JANUS ASPEN SERIES: AGGRESSIVE GROWTH PORTFOLIO: Annuity contracts in accumulation 81,715,033 589,941,753 322,147,033 (267,794,720) (49,150,416) BALANCED PORTFOLIO: Annuity contracts in accumulation 4,392,832 53,832,562 20,746,150 (33,086,412) (2,168,025) CAPITAL APPRECIATION PORTFOLIO: Annuity contracts in accumulation 0 0 0 0 (30) FLEXIBLE INCOME PORTFOLIO: Annuity contracts in accumulation (647,585) (1,682,793) (1,297,949) 384,844 774,413 GROWTH PORTFOLIO: Annuity contracts in accumulation 8,779,828 119,830,478 85,049,836 (34,780,642) 7,198,368 Annuity contracts in payment period 0 0 0 0 (1,081) WORLDWIDE GROWTH PORTFOLIO: Annuity contracts in accumulation 45,444,715 537,057,291 338,146,749 (198,910,542) (60,518,212) Annuity contracts in payment period 0 0 0 0 (168) TWENTY FUND: Annuity contracts in payment period 0 0 0 0 (9,503) LEXINGTON EMERGING MARKETS FUND: Annuity contracts in accumulation 1,125,631 3,274,926 (1,718,118) (4,993,044) (4,001,197) LEXINGTON NATURAL RESOURCES TRUST FUND: Annuity contracts in accumulation (1,537,048) (2,122,540) 725,735 2,848,275 1,230,768 MFS FUNDS: TOTAL RETURN SERIES: Annuity contracts in accumulation (9,355) (1,178) 53,645 54,823 73,803 OPPENHEIMER FUNDS: AGGRESSIVE GROWTH FUND: Annuity contracts in accumulation 0 0 0 0 (7,908) - -----------------------------------------------------------------------------------------------------------
S-91 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 5. SUPPLEMENTAL INFORMATION TO STATEMENTS OF OPERATIONS (continued): Valuation Proceeds Cost of PERIOD ENDED Period from Investments SEPTEMBER 30, 2000 Dividends Deductions Sales Sold GLOBAL SECURITIES FUND: Annuity contracts in accumulation $2,277,721 ($176,762) $4,708,872 $3,536,164 STRATEGIC BOND FUND: Annuity contracts in accumulation 320,219 (37,145) 1,638,855 1,744,097 PORTFOLIO PARTNERS, INC. (PPI): PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO: (1) Annuity contracts in accumulation 41,352,585 (2,363,635) 10,842,855 5,552,172 PPI MFS EMERGING EQUITIES PORTFOLIO: Annuity contracts in accumulation 6,199,858 (4,912,802) 41,135,876 22,154,677 PPI MFS RESEARCH GROWTH PORTFOLIO: Annuity contracts in accumulation 18,992,631 (2,201,582) 25,353,936 16,546,233 PPI SCUDDER INTERNATIONAL GROWTH PORTFOLIO: Annuity contracts in accumulation 24,723,742 (2,253,606) 503,664,786 486,534,816 PPI T. ROWE PRICE GROWTH EQUITY PORTFOLIO: Annuity contracts in accumulation 21,160,269 (2,087,587) 20,040,930 12,844,500 TOTAL VARIABLE ANNUITY ACCOUNT C $920,525,538 ($134,405,965) $3,040,080,663 $2,720,079,850
(1) - Effective May 1, 2000, PPI MFS Value Equity Portfolio's name changed to PPI MFS Capital Opportunities Portfolio. S-92 Net Unrealized Net Net Net Gain (Loss) Change in Increase (Decrease) Realized ----------------------------- Unrealized in Net Assets PERIOD ENDED Gain (Loss) Beginning End Gain (Loss) Resulting from SEPTEMBER 30, 2000 on Investments of Period of Period on Investments Operations GLOBAL SECURITIES FUND: Annuity contracts in accumulation $1,172,708 $1,418,022 ($1,681,402) ($3,099,424) $174,243 STRATEGIC BOND FUND: Annuity contracts in accumulation (105,242) (2,586) (100,669) (98,083) 79,749 PORTFOLIO PARTNERS, INC. (PPI): PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO: (1) Annuity contracts in accumulation 5,290,683 93,135,075 66,624,340 (26,510,735) 17,768,898 PPI MFS EMERGING EQUITIES PORTFOLIO: Annuity contracts in accumulation 18,981,199 265,730,062 185,230,468 (80,499,594) (60,231,339) PPI MFS RESEARCH GROWTH PORTFOLIO: Annuity contracts in accumulation 8,807,703 81,650,752 76,123,266 (5,527,486) 20,071,266 PPI SCUDDER INTERNATIONAL GROWTH PORTFOLIO: Annuity contracts in accumulation 17,129,970 60,499,972 (29,526,398) (90,026,370) (50,426,264) PPI T. ROWE PRICE GROWTH EQUITY PORTFOLIO: Annuity contracts in accumulation 7,196,430 76,614,253 69,331,282 (7,282,971) 18,986,141 TOTAL VARIABLE ANNUITY ACCOUNT C $320,000,813 $2,223,496,072 $840,691,183 ($1,382,804,889) ($276,684,503)
(1) - Effective May 1, 2000, PPI MFS Value Equity Portfolio's name changed to PPI MFS Capital Opportunities Portfolio. S-93 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS
Net Net Change in Net Realized Unrealized Investment Gain (Loss) Gain (Loss) PERIOD ENDED SEPTEMBER 30, 2000 Income on Investments on Investments AETNA ASCENT VP: Annuity contracts in accumulation $252,667 $1,929,703 $180,194 AETNA BALANCED VP: Annuity contracts in accumulation 22,635,443 18,346,220 (17,034,394) Annuity contracts in payment period AETNA BOND VP: Annuity contracts in accumulation 1,166,303 (2,873,885) 13,970,929 Annuity contracts in payment period AETNA CROSSROADS VP: Annuity contracts in accumulation 618,696 126,490 752,178 Annuity contracts in payment period AETNA GET FUND, SERIES B: Annuity contracts in accumulation (2) 0 0 AETNA GET FUND, SERIES C: Annuity contracts in accumulation 12,706,024 3,485,401 (18,883,868) AETNA GET FUND, SERIES D: Annuity contracts in accumulation 1,660,084 3,045,731 (18,133,745) AETNA GET FUND, SERIES E: Annuity contracts in accumulation (1,113,609) 898,530 (3,632,174) AETNA GET FUND, SERIES G: Annuity contracts in accumulation (358,728) 69,930 (883,387) AETNA GET FUND, SERIES H: Annuity contracts in accumulation (271,774) 145,137 1,084,116 AETNA GET FUND, SERIES I: Annuity contracts in accumulation (9,548) 2,273 9,982 AETNA GET FUND, SERIES J: Annuity contracts in accumulation (696) 4 (6,803) AETNA GET FUND, SERIES K: Annuity contracts in accumulation (14) 0 84 AETNA GROWTH AND INCOME VP: Annuity contracts in accumulation 195,123,047 (1,507,364) (350,409,526) Annuity contracts in payment period AETNA GROWTH VP: Annuity contracts in accumulation 1,599,708 2,788,336 3,277,109 Annuity contracts in payment period AETNA HIGH YIELD VP: Annuity contracts in accumulation (12,839) (193,634) 112,582 AETNA INDEX PLUS BOND VP: Annuity contracts in accumulation (6,435) (14,618) 64,241 Net Increase (Decrease) Net Assets in Net Assets ---------- from Unit Beginning End PERIOD ENDED SEPTEMBER 30, 2000 Transactions of Period of Period AETNA ASCENT VP: Annuity contracts in accumulation ($4,496,014) $81,880,934 $79,747,484 AETNA BALANCED VP: Annuity contracts in accumulation (87,836,207) 958,810,376 894,471,329 Annuity contracts in payment period 34,529,808 34,979,917 AETNA BOND VP: Annuity contracts in accumulation (37,474,186) 312,007,882 286,825,905 Annuity contracts in payment period 5,764,551 5,735,689 AETNA CROSSROADS VP: Annuity contracts in accumulation (4,796,760) 67,400,270 64,102,720 Annuity contracts in payment period 73,220 71,374 AETNA GET FUND, SERIES B: Annuity contracts in accumulation 2 0 0 AETNA GET FUND, SERIES C: Annuity contracts in accumulation (16,184,584) 170,407,185 151,530,158 AETNA GET FUND, SERIES D: Annuity contracts in accumulation (105,563,844) 471,441,304 352,449,530 AETNA GET FUND, SERIES E: Annuity contracts in accumulation (13,547,838) 157,821,380 140,426,289 AETNA GET FUND, SERIES G: Annuity contracts in accumulation (4,799,929) 45,668,355 39,696,241 AETNA GET FUND, SERIES H: Annuity contracts in accumulation 28,103,810 1,782,585 30,843,874 AETNA GET FUND, SERIES I: Annuity contracts in accumulation 1,515,947 0 1,518,654 AETNA GET FUND, SERIES J: Annuity contracts in accumulation 473,026 0 465,531 AETNA GET FUND, SERIES K: Annuity contracts in accumulation 84,602 0 84,672 AETNA GROWTH AND INCOME VP: Annuity contracts in accumulation (593,858,736) 5,753,192,035 5,026,037,273 Annuity contracts in payment period 373,523,149 350,025,332 AETNA GROWTH VP: Annuity contracts in accumulation 49,478,037 145,431,206 202,458,428 Annuity contracts in payment period 71,588 187,556 AETNA HIGH YIELD VP: Annuity contracts in accumulation (2,083,602) 2,177,493 0 AETNA INDEX PLUS BOND VP: Annuity contracts in accumulation (1,042,892) 999,704 0
S-94 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS (continued):
Net Net Change in Net Realized Unrealized Investment Gain (Loss) Gain (Loss) PERIOD ENDED SEPTEMBER 30, 2000 Income on Investments on Investments AETNA INDEX PLUS LARGE CAP VP: Annuity contracts in accumulation $17,856,217 $16,678,882 ($43,899,910) Annuity contracts in payment period AETNA INDEX PLUS MID CAP VP: Annuity contracts in accumulation 101,232 980,826 2,305,694 AETNA INDEX PLUS SMALL CAP VP: Annuity contracts in accumulation (78,543) 728,951 (190,136) AETNA INTERNATIONAL VP: Annuity contracts in accumulation 360,185 1,159,571 (3,286,111) AETNA LEGACY VP: Annuity contracts in accumulation 444,683 248,625 1,008,427 Annuity contracts in payment period AETNA MONEY MARKET VP: Annuity contracts in accumulation 11,620,494 565,307 (873,569) Annuity contracts in payment period AETNA REAL ESTATE SECURITIES VP: Annuity contracts in accumulation (13,914) 383,451 72,859 AETNA SMALL COMPANY VP: Annuity contracts in accumulation 4,957,914 13,638,465 (10,785,593) Annuity contracts in payment period AETNA TECHNOLOGY VP: Annuity contracts in accumulation (49,765) 82,316 (2,188,921) AETNA VALUE OPPORTUNITY VP: Annuity contracts in accumulation 5,389,460 2,522,265 (4,736,260) AIM V.I. FUNDS: CAPITAL APPRECIATION FUND: Annuity contracts in accumulation (81,811) 322,120 662,787 Annuity contracts in payment period (1,343) 0 0 GROWTH AND INCOME FUND: Annuity contracts in accumulation (224,600) 373,504 (102,892) Annuity contracts in payment period (559) 0 0 GROWTH FUND: Annuity contracts in accumulation (112,630) 150,182 (634,961) VALUE FUND: Annuity contracts in accumulation (123,055) 206,358 (1,737,133) Annuity contracts in payment period (2,022) 0 0 ALLIANCE FUNDS: GROWTH AND INCOME PORTFOLIO: Annuity contracts in accumulation (5,718) 0 0 AMERICAN CENTURY INCOME AND GROWTH FUND: Annuity contracts in accumulation (15,327) 0 0 Net Increase (Decrease) Net Assets in Net Assets ---------- from Unit Beginning End PERIOD ENDED SEPTEMBER 30, 2000 Transactions of Period of Period AETNA INDEX PLUS LARGE CAP VP: Annuity contracts in accumulation $56,821,828 $473,757,587 $520,347,045 Annuity contracts in payment period 1,234,629 2,102,188 AETNA INDEX PLUS MID CAP VP: Annuity contracts in accumulation 13,825,738 9,210,760 26,424,250 AETNA INDEX PLUS SMALL CAP VP: Annuity contracts in accumulation 1,857,987 8,277,508 10,595,767 AETNA INTERNATIONAL VP: Annuity contracts in accumulation 8,389,003 7,714,709 14,337,357 AETNA LEGACY VP: Annuity contracts in accumulation (4,635,476) 42,650,270 39,760,158 Annuity contracts in payment period 247,224 203,595 AETNA MONEY MARKET VP: Annuity contracts in accumulation (21,764,242) 325,367,721 314,916,923 Annuity contracts in payment period 80,784 79,572 AETNA REAL ESTATE SECURITIES VP: Annuity contracts in accumulation (2,426,021) 1,983,625 0 AETNA SMALL COMPANY VP: Annuity contracts in accumulation 38,935,399 62,919,038 109,635,112 Annuity contracts in payment period 11,036 41,147 AETNA TECHNOLOGY VP: Annuity contracts in accumulation 25,636,291 0 23,479,921 AETNA VALUE OPPORTUNITY VP: Annuity contracts in accumulation 5,871,029 34,639,709 43,686,203 AIM V.I. FUNDS: CAPITAL APPRECIATION FUND: Annuity contracts in accumulation 16,094,503 1,830,289 18,826,545 Annuity contracts in payment period 0 0 0 GROWTH AND INCOME FUND: Annuity contracts in accumulation 33,970,477 9,752,003 43,767,933 Annuity contracts in payment period 0 0 0 GROWTH FUND: Annuity contracts in accumulation 17,418,139 4,700,713 21,521,443 VALUE FUND: Annuity contracts in accumulation 12,606,304 8,538,069 19,488,521 Annuity contracts in payment period 0 0 ALLIANCE FUNDS: GROWTH AND INCOME PORTFOLIO: Annuity contracts in accumulation 5,718 0 0 AMERICAN CENTURY INCOME AND GROWTH FUND: Annuity contracts in accumulation 15,327 0 0
S-95 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS (continued):
Net Net Change in Net Realized Unrealized Investment Gain (Loss) Gain (Loss) PERIOD ENDED SEPTEMBER 30, 2000 Income on Investments on Investments CALVERT SOCIAL BALANCED PORTFOLIO: Annuity contracts in accumulation ($555,968) $2,713,121 $535,035 CHAPMAN DEM EQUITY FUND: Annuity contracts in accumulation (94) 0 0 FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS: EQUITY-INCOME PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 14,392,300 7,657,074 (17,482,770) EQUITY-INCOME PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation (13,869) 0 0 GROWTH PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 45,595,503 5,848,167 (49,562,711) GROWTH PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation (3,537) 0 0 HIGH INCOME PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 121,624 (71,990) (325,071) OVERSEAS PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 2,048,196 2,136,469 (6,962,623) OVERSEAS PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation (37,642) 0 0 FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS II: ASSET MANAGER PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 2,628,529 616,623 (3,543,775) CONTRAFUND PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 55,796,444 16,976,473 (76,846,307) INDEX 500 PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 710,777 22,098,297 (25,376,385) JANUS ASPEN SERIES: AGGRESSIVE GROWTH PORTFOLIO: Annuity contracts in accumulation 136,929,271 81,715,033 (267,794,720) BALANCED PORTFOLIO: Annuity contracts in accumulation 26,525,555 4,392,832 (33,086,412) CAPITAL APPRECIATION PORTFOLIO: Annuity contracts in accumulation (30) 0 0 FLEXIBLE INCOME PORTFOLIO: Annuity contracts in accumulation 1,037,154 (647,585) 384,844 GROWTH PORTFOLIO: Annuity contracts in accumulation 33,199,182 8,779,828 (34,780,642) Annuity contracts in payment period (1,081) 0 0 Net Increase (Decrease) Net Assets in Net Assets ---------- from Unit Beginning End PERIOD ENDED SEPTEMBER 30, 2000 Transactions of Period of Period CALVERT SOCIAL BALANCED PORTFOLIO: Annuity contracts in accumulation ($3,507,501) $68,092,305 $67,276,992 CHAPMAN DEM EQUITY FUND: Annuity contracts in accumulation 94 0 0 FIDELITY INVESTMENTS VARIABLE I PRODUCTS FUNDS: EQUITY-INCOME PORTFOLIO -- IN Annuity contracts in accumulation (34,691,958) 213,941,762 183,816,408 EQUITY-INCOME PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 13,869 0 0 GROWTH PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 61,482,844 440,335,255 503,699,058 GROWTH PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 3,537 0 0 HIGH INCOME PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 1,318,453 1,873,989 2,917,005 OVERSEAS PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation 309,195 22,033,565 19,564,802 OVERSEAS PORTFOLIO -- SERVICE CLASS 2: Annuity contracts in accumulation 37,642 0 0 FIDELITY INVESTMENTS VARIABLE I PRODUCTS FUNDS II: ASSET MANAGER PORTFOLIO -- IN Annuity contracts in accumulation (2,285,632) 27,730,745 25,146,490 CONTRAFUND PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation (17,166,892) 475,353,405 454,113,123 INDEX 500 PORTFOLIO -- INITIAL CLASS: Annuity contracts in accumulation (4,623,647) 122,573,178 115,382,220 JANUS ASPEN SERIES: AGGRESSIVE GROWTH PORTFOLIO: Annuity contracts in accumulation 331,110,224 1,093,429,837 1,375,389,645 BALANCED PORTFOLIO: Annuity contracts in accumulation 58,325,739 235,410,674 291,568,388 CAPITAL APPRECIATION PORTFOLIO: Annuity contracts in accumulation 30 0 0 FLEXIBLE INCOME PORTFOLIO: Annuity contracts in accumulation 1,067,722 32,908,277 34,750,412 GROWTH PORTFOLIO: Annuity contracts in accumulation 127,270,538 362,723,120 496,752,536 Annuity contracts in payment period 0 689,393 1,127,802
S-96 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS (continued):
Net Net Change in Net Realized Unrealized Investment Gain (Loss) Gain (Loss) PERIOD ENDED SEPTEMBER 30, 2000 Income on Investments on Investments WORLDWIDE GROWTH PORTFOLIO: Annuity contracts in accumulation $92,947,615 $45,444,715 ($198,910,542) Annuity contracts in payment period (168) 0 0 TWENTY FUND: Annuity contracts in payment period (9,503) 0 0 LEXINGTON EMERGING MARKETS FUND: Annuity contracts in accumulation (133,784) 1,125,631 (4,993,044) LEXINGTON NATURAL RESOURCES TRUST FUND: Annuity contracts in accumulation (80,459) (1,537,048) 2,848,275 MFS FUNDS: TOTAL RETURN SERIES: Annuity contracts in accumulation 28,335 (9,355) 54,823 OPPENHEIMER FUNDS: AGGRESSIVE GROWTH FUND: Annuity contracts in accumulation (7,908) 0 0 GLOBAL SECURITIES FUND: Annuity contracts in accumulation 2,100,959 1,172,708 (3,099,424) STRATEGIC BOND FUND: Annuity contracts in accumulation 283,074 (105,242) (98,083) Annuity contracts in payment period PORTFOLIO PARTNERS, INC. (PPI): PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO: (1) Annuity contracts in accumulation 38,988,950 5,290,683 (26,510,735) Annuity contracts in payment period PPI MFS EMERGING EQUITIES PORTFOLIO: Annuity contracts in accumulation 1,287,056 18,981,199 (80,499,594) Annuity contracts in payment period PPI MFS RESEARCH GROWTH PORTFOLIO: Annuity contracts in accumulation 16,791,049 8,807,703 (5,527,486) PPI SCUDDER INTERNATIONAL GROWTH PORTFOLIO: Annuity contracts in accumulation 22,470,136 17,129,970 (90,026,370) Annuity contracts in payment period PPI T. ROWE PRICE GROWTH EQUITY PORTFOLIO: Annuity contracts in accumulation 19,072,682 7,196,430 (7,282,971) Annuity contracts in payment period TOTAL VARIABLE ANNUITY ACCOUNT C $786,119,573 $320,000,813 ($1,382,804,889) Net Increase (Decrease) Net Assets in Net Assets ---------- from Unit Beginning End PERIOD ENDED SEPTEMBER 30, 2000 Transactions of Period of Period WORLDWIDE GROWTH PORTFOLIO: Annuity contracts in accumulation $173,363,012 $1,136,307,574 $1,248,704,210 Annuity contracts in payment period 752,858 1,200,854 TWENTY FUND: Annuity contracts in payment period 9,503 0 0 LEXINGTON EMERGING MARKETS FUND: Annuity contracts in accumulation 854,144 11,586,115 8,439,062 LEXINGTON NATURAL RESOURCES TRUST FUND: Annuity contracts in accumulation (1,876,007) 16,508,469 15,863,230 MFS FUNDS: TOTAL RETURN SERIES: Annuity contracts in accumulation 238,752 684,196 996,751 OPPENHEIMER FUNDS: AGGRESSIVE GROWTH FUND: Annuity contracts in accumulation 7,908 0 0 GLOBAL SECURITIES FUND: Annuity contracts in accumulation 29,333,489 5,871,877 35,379,609 STRATEGIC BOND FUND: Annuity contracts in accumulation 1,789,018 3,464,259 5,337,088 Annuity contracts in payment period 27,517 23,455 PORTFOLIO PARTNERS, INC. (PPI): PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO: (1) Annuity contracts in accumulation 69,008,338 226,770,707 313,217,320 Annuity contracts in payment period 36,974 367,597 PPI MFS EMERGING EQUITIES PORTFOLIO: Annuity contracts in accumulation 12,049,825 597,714,231 549,431,632 Annuity contracts in payment period 38,500 139,585 PPI MFS RESEARCH GROWTH PORTFOLIO: Annuity contracts in accumulation (11,692,391) 255,763,877 264,142,752 PPI SCUDDER INTERNATIONAL GROWTH PORTFOLIO: Annuity contracts in accumulation (8,157,251) 291,483,624 232,889,808 Annuity contracts in payment period 0 10,301 PPI T. ROWE PRICE GROWTH EQUITY PORTFOLIO: Annuity contracts in accumulation (4,819,719) 243,032,240 257,197,216 Annuity contracts in payment period 62,930 64,376 TOTAL VARIABLE ANNUITY ACCOUNT C $189,365,714 $15,463,100,152 $15,375,781,363
(1) - Effective May 1, 2000, PPI MFS Value Equity Portfolio's name changed to PPI MFS Capital Opportunities Portfolio. S-97 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS (continued):
Net Net Net Change in Increase (Decrease) Net Assets Net Realized Unrealized in Net Assets ---- Investment Gain (Loss) Gain (Loss) from Unit Beginning PERIOD ENDED SEPTEMBER 30, 1999 Income on Investments on Investments Transactions of Period AETNA ASCENT VP: Annuity contracts in accumulation ($528,897) $2,530,437 ($126,011) ($10,386,949) $86,000,256 AETNA BALANCED VP: Annuity contracts in accumulation 64,092,721 30,247,806 (70,042,588) (98,776,769) 982,574,403 Annuity contracts in payment period 29,218,792 AETNA BOND VP: Annuity contracts in accumulation 5,059,206 1,184,276 (10,563,970) (49,853,072) 377,693,504 Annuity contracts in payment period 6,384,037 AETNA CROSSROADS VP: Annuity contracts in accumulation (518,302) 1,758,220 (397,137) (9,700,066) 74,028,644 Annuity contracts in payment period 71,489 AETNA GET FUND, SERIES B: Annuity contracts in accumulation 19,358,522 (12,039,285) (6,591,127) (60,309,286) 59,581,177 AETNA GET FUND, SERIES C: Annuity contracts in accumulation 35,524,838 18,107,391 (44,520,164) (56,641,742) 198,180,953 AETNA GET FUND, SERIES D: Annuity contracts in accumulation (4,993,138) 827,041 (1,022,986) 199,405,741 270,980,130 AETNA GET FUND, SERIES E: Annuity contracts in accumulation (300,048) (1,228) (2,506,806) 150,585,488 0 AETNA GET FUND, SERIES G: Annuity contracts in accumulation (821) 0 3,268 3,879,895 0 AETNA GROWTH AND INCOME VP: Annuity contracts in accumulation 139,327,508 122,239,193 (34,179,263) (745,500,947) 5,846,282,205 Annuity contracts in payment period 328,867,005 AETNA GROWTH VP: Annuity contracts in accumulation (845,420) 1,613,816 5,501,607 45,479,085 64,734,239 Annuity contracts in payment period 116,487 AETNA HIGH YIELD VP: Annuity contracts in accumulation (15,998) (12,520) 59,844 735,670 1,244,378 AETNA INDEX PLUS BOND VP: Annuity contracts in accumulation (11,965) (73,421) 55,693 (266,877) 1,425,611 AETNA INDEX PLUS LARGE CAP VP: Annuity contracts in accumulation (138,403) 2,653,453 8,331,693 140,873,955 238,578,749 Annuity contracts in payment period 437,343 AETNA INDEX PLUS MID CAP VP: Annuity contracts in accumulation 6,223 346,153 (658,298) 3,093,692 4,116,477 AETNA INDEX PLUS SMALL CAP VP: Annuity contracts in accumulation (52,023) 395,950 (426,373) 2,333,916 4,953,155 AETNA INTERNATIONAL VP: Annuity contracts in accumulation 21,385 226,201 152,448 1,709,325 2,016,027 Net Assets ---- End PERIOD ENDED SEPTEMBER 30, 1999 of Period AETNA ASCENT VP: Annuity contracts in accumulation $77,488,836 AETNA BALANCED VP: Annuity contracts in accumulation 905,637,300 Annuity contracts in payment period 31,677,065 AETNA BOND VP: Annuity contracts in accumulation 323,880,462 Annuity contracts in payment period 6,023,519 AETNA CROSSROADS VP: Annuity contracts in accumulation 65,173,753 Annuity contracts in payment period 69,095 AETNA GET FUND, SERIES B: Annuity contracts in accumulation 0 AETNA GET FUND, SERIES C: Annuity contracts in accumulation 150,651,276 AETNA GET FUND, SERIES D: Annuity contracts in accumulation 465,196,788 AETNA GET FUND, SERIES E: Annuity contracts in accumulation 147,777,406 AETNA GET FUND, SERIES G: Annuity contracts in accumulation 3,882,342 AETNA GROWTH AND INCOME VP: Annuity contracts in accumulation 5,319,578,027 Annuity contracts in payment period 337,457,674 AETNA GROWTH VP: Annuity contracts in accumulation 116,434,702 Annuity contracts in payment period 165,112 AETNA HIGH YIELD VP: Annuity contracts in accumulation 2,011,373 AETNA INDEX PLUS BOND VP: Annuity contracts in accumulation 1,129,041 AETNA INDEX PLUS LARGE CAP VP: Annuity contracts in accumulation 389,629,714 Annuity contracts in payment period 1,107,077 AETNA INDEX PLUS MID CAP VP: Annuity contracts in accumulation 6,904,248 AETNA INDEX PLUS SMALL CAP VP: Annuity contracts in accumulation 7,204,625 AETNA INTERNATIONAL VP: Annuity contracts in accumulation 4,125,386
S-98 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS (continued):
Net Net Change in Net Realized Unrealized Investment Gain (Loss) Gain (Loss) PERIOD ENDED SEPTEMBER 30, 1999 Income on Investments on Investments AETNA LEGACY VP: Annuity contracts in accumulation ($362,982) $569,900 $365,460 Annuity contracts in payment period AETNA MONEY MARKET VP: Annuity contracts in accumulation 9,169,963 (422,336) (1,568,681) Annuity contracts in payment period AETNA REAL ESTATE SECURITIES VP: Annuity contracts in accumulation (15,533) (27,279) (29,818) AETNA SMALL COMPANY VP: Annuity contracts in accumulation (352,447) (2,100,295) 4,395,364 Annuity contracts in payment period AETNA VALUE OPPORTUNITY VP: Annuity contracts in accumulation (246,232) 1,376,592 (471,627) AIM V.I. FUNDS: CAPITAL APPRECIATION FUND: Annuity contracts in accumulation (1,509) (8,843) (213) GROWTH AND INCOME FUND: Annuity contracts in accumulation (5,145) (1,045) (45,439) GROWTH FUND: Annuity contracts in accumulation (3,626) (8) (3,660) VALUE FUND: Annuity contracts in accumulation (10,049) (594) (87,898) CALVERT SOCIAL BALANCED PORTFOLIO: Annuity contracts in accumulation (564,978) 2,310,400 (893,002) FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS: EQUITY-INCOME PORTFOLIO: Annuity contracts in accumulation 8,271,246 8,215,470 (12,267,026) GROWTH PORTFOLIO: Annuity contracts in accumulation 24,616,570 4,986,502 (5,589,239) HIGH INCOME PORTFOLIO: Annuity contracts in accumulation 129,773 (45,280) (31,203) OVERSEAS PORTFOLIO: Annuity contracts in accumulation 445,793 268,135 1,213,565 FIDELITY INVESTMENTS VARIABLE INSURANCE PRODUCTS FUNDS II: ASSET MANAGER PORTFOLIO: Annuity contracts in accumulation 1,742,731 546,005 (1,969,060) CONTRAFUND PORTFOLIO: Annuity contracts in accumulation 11,085,351 9,271,644 (3,252,318) Net Increase (Decrease) Net Assets in Net Assets ---------- from Unit Beginning End PERIOD ENDED SEPTEMBER 30, 1999 Transactions of Period of Period AETNA LEGACY VP: Annuity contracts in accumulation ($11,186,103) $53,070,226 $42,476,668 Annuity contracts in payment period 261,063 240,896 AETNA MONEY MARKET VP: Annuity contracts in accumulation 17,876,267 258,856,854 283,913,887 Annuity contracts in payment period 83,117 81,297 AETNA REAL ESTATE SECURITIES VP: Annuity contracts in accumulation 626,027 1,561,066 2,114,463 AETNA SMALL COMPANY VP: Annuity contracts in accumulation (22,306) 47,966,985 49,888,216 Annuity contracts in payment period 9,901 8,985 AETNA VALUE OPPORTUNITY VP: Annuity contracts in accumulation 734,278 28,785,139 30,178,149 AIM V.I. FUNDS: CAPITAL APPRECIATION FUND: Annuity contracts in accumulation 568,878 0 558,313 GROWTH AND INCOME FUND: Annuity contracts in accumulation 2,621,401 0 2,569,771 GROWTH FUND: Annuity contracts in accumulation 1,723,362 0 1,716,068 VALUE FUND: Annuity contracts in accumulation 5,065,102 0 4,966,561 CALVERT SOCIAL BALANCED PORTFOLIO: Annuity contracts in accumulation (2,634,400) 63,901,407 62,119,427 FIDELITY INVESTMENTS VARIABLE I PRODUCTS FUNDS: EQUITY-INCOME PORTFOLIO: Annuity contracts in accumulation (15,833,594) 226,201,287 214,587,383 GROWTH PORTFOLIO: Annuity contracts in accumulation 89,621,625 230,408,503 344,043,961 HIGH INCOME PORTFOLIO: Annuity contracts in accumulation 145,085 1,611,556 1,809,931 OVERSEAS PORTFOLIO: Annuity contracts in accumulation 263,938 14,814,602 17,006,033 FIDELITY INVESTMENTS VARIABLE I PRODUCTS FUNDS II: ASSET MANAGER PORTFOLIO: Annuity contracts in accumulation (510,075) 26,699,659 26,509,260 CONTRAFUND PORTFOLIO: Annuity contracts in accumulation 31,786,814 360,081,326 408,972,817
S-99 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS (continued):
Net Net Change in Net Realized Unrealized Investment Gain (Loss) Gain (Loss) PERIOD ENDED SEPTEMBER 30, 1999 Income on Investments on Investments INDEX 500 PORTFOLIO: Annuity contracts in accumulation $583,674 $5,046,493 ($2,186,598) JANUS ASPEN SERIES: AGGRESSIVE GROWTH PORTFOLIO: Annuity contracts in accumulation 15,648,653 12,281,240 110,615,546 BALANCED PORTFOLIO: Annuity contracts in accumulation 510,267 1,623,106 5,168,030 FLEXIBLE INCOME PORTFOLIO: Annuity contracts in accumulation 876,827 164,836 (1,496,896) GROWTH PORTFOLIO: Annuity contracts in accumulation (317,000) 3,295,747 21,571,307 Annuity contracts in payment period WORLDWIDE GROWTH PORTFOLIO: Annuity contracts in accumulation (4,604,658) 22,387,619 74,761,058 Annuity contracts in payment period LEXINGTON EMERGING MARKETS FUND: Annuity contracts in accumulation (13,866) (964,884) 1,973,884 LEXINGTON NATURAL RESOURCES TRUST FUND: Annuity contracts in accumulation (53,006) (1,597,438) 3,132,261 MFS FUNDS: TOTAL RETURN SERIES: Annuity contracts in accumulation 23,581 8,291 (36,785) OPPENHEIMER FUNDS: GLOBAL SECURITIES FUND: Annuity contracts in accumulation 44,528 151,032 28,406 STRATEGIC BOND FUND: Annuity contracts in accumulation 134,300 (32,516) (114,866) Annuity contracts in payment period PORTFOLIO PARTNERS, INC. (PPI): PPI MFS EMERGING EQUITIES PORTFOLIO: Annuity contracts in accumulation 929,895 15,044,902 29,079,913 Annuity contracts in payment period PPI MFS RESEARCH GROWTH PORTFOLIO: Annuity contracts in accumulation (1,586,825) 7,875,790 (3,425,228) PPI MFS VALUE EQUITY PORTFOLIO: Annuity contracts in accumulation 3,418,104 5,114,620 12,399,204 Annuity contracts in payment period PPI SCUDDER INTERNATIONAL GROWTH PORTFOLIO: Annuity contracts in accumulation 7,168,376 37,551,947 (6,061,296) Net Increase (Decrease) Net Assets in Net Assets ---------- from Unit Beginning End PERIOD ENDED SEPTEMBER 30, 1999 Transactions of Period of Period INDEX 500 PORTFOLIO: Annuity contracts in accumulation $10,743,773 $93,352,318 $107,539,660 JANUS ASPEN SERIES: AGGRESSIVE GROWTH PORTFOLIO: Annuity contracts in accumulation 166,046,649 292,229,082 596,821,170 BALANCED PORTFOLIO: Annuity contracts in accumulation 87,970,579 94,876,992 190,148,973 FLEXIBLE INCOME PORTFOLIO: Annuity contracts in accumulation (235,565) 32,501,248 31,810,450 GROWTH PORTFOLIO: Annuity contracts in accumulation 97,406,770 132,697,360 254,420,214 Annuity contracts in payment period 235,492 469,462 WORLDWIDE GROWTH PORTFOLIO: Annuity contracts in accumulation 51,450,845 615,835,740 759,756,384 Annuity contracts in payment period 365,972 440,192 LEXINGTON EMERGING MARKETS FUND: Annuity contracts in accumulation 1,103,594 4,094,455 6,193,184 LEXINGTON NATURAL RESOURCES TRUST FUND: Annuity contracts in accumulation (4,414,590) 19,741,327 16,808,554 MFS FUNDS: TOTAL RETURN SERIES: Annuity contracts in accumulation 190,558 385,767 571,412 OPPENHEIMER FUNDS: GLOBAL SECURITIES FUND: Annuity contracts in accumulation 2,101,660 976,121 3,301,746 STRATEGIC BOND FUND: Annuity contracts in accumulation 955,370 2,253,578 3,170,936 Annuity contracts in payment period 3,521 28,450 PORTFOLIO PARTNERS, INC. (PPI): PPI MFS EMERGING EQUITIES PORTFOLIO: Annuity contracts in accumulation (29,794,664) 434,156,330 449,414,609 Annuity contracts in payment period 27,431 29,198 PPI MFS RESEARCH GROWTH PORTFOLIO: Annuity contracts in accumulation (28,637,916) 242,087,516 216,313,337 PPI MFS VALUE EQUITY PORTFOLIO: Annuity contracts in accumulation 214,916 150,852,476 171,968,920 Annuity contracts in payment period 0 30,401 PPI SCUDDER INTERNATIONAL GRO Annuity contracts in accumulation (17,432,189) 201,965,809 223,192,647
S-100 VARIABLE ANNUITY ACCOUNT C NOTES TO FINANCIAL STATEMENTS - September 30, 2000 (Unaudited and continued): 6. SUPPLEMENTAL INFORMATION TO STATEMENTS OF CHANGES IN NET ASSETS (continued):
Net Net Change in Net Realized Unrealized Investment Gain (Loss) Gain (Loss) PERIOD ENDED SEPTEMBER 30, 1999 Income on Investments on Investments PPI T. ROWE PRICE GROWTH EQUITY PORTFOLIO: Annuity contracts in accumulation $3,452,501 $6,471,289 ($6,233,862) Annuity contracts in payment period TOTAL VARIABLE ANNUITY ACCOUNT C $336,099,660 $309,364,528 $62,009,112 Net Increase (Decrease) Net Assets in Net Assets ---------- from Unit Beginning End PERIOD ENDED SEPTEMBER 30, 1999 Transactions of Period of Period PPI T. ROWE PRICE GROWTH EQUI Annuity contracts in accumulation ($10,041,888) $215,872,943 $209,523,170 Annuity contracts in payment period 56,047 53,859 TOTAL VARIABLE ANNUITY ACCOUNT C ($34,864,742) $12,426,365,277 $13,098,973,835
S-101 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES INDEX TO QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS
PAGE -------- Consolidated Financial Statements: Consolidated Statements of Income for the Three-Month and Nine-Month Periods Ended September 30, 2000 and 1999 (unaudited)............................................. F-34 Consolidated Balance Sheets as of September 30, 2000 (unaudited) and December 31, 1999....................... F-35 Consolidated Statements of Changes in Shareholder's Equity for the Nine Month Periods Ended September 30, 2000 and 1999 (unaudited)........................................ F-36 Consolidated Statements of Cash Flows for the Nine Month Periods Ended September 30, 2000 and 1999 (unaudited)............................................. F-37 Condensed Notes to Consolidated Financial Statements (unaudited)............................................. F-38
F-33 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONSOLIDATED STATEMENTS OF INCOME (MILLIONS)
THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ------------------- ------------------- 2000 1999 2000 1999 -------- -------- -------- -------- (UNAUDITED) (UNAUDITED) Revenue: Premiums............................................... $ 41.8 $ 44.2 $ 117.1 $ 86.6 Charges assessed against policyholders................. 119.9 98.6 351.0 283.1 Net investment income.................................. 231.9 230.6 681.5 668.8 Net realized capital losses............................ (11.2) (11.1) (23.1) (5.4) Other income........................................... 44.0 20.1 117.5 82.5 ------ ------ -------- -------- Total revenue............................................ 426.4 382.4 1,244.0 1,115.6 Benefits and expenses: Current and future benefits............................ 199.8 201.8 598.3 564.0 Operating expenses: Salaries and related benefits........................ 52.3 35.0 144.0 107.7 Other................................................ 60.1 54.0 166.4 155.1 Amortization of deferred policy acquisition costs...... 36.8 25.9 96.4 77.6 ------ ------ -------- -------- Total benefits and expenses.............................. 349.0 316.7 1,005.1 904.4 ------ ------ -------- -------- Income from continuing operations before income taxes.... 77.4 65.7 238.9 211.2 Income taxes........................................... 22.7 21.8 75.9 69.6 ------ ------ -------- -------- Income from continuing operations........................ 54.7 43.9 163.0 141.6 Discontinued operations, net of tax: Amortization of deferred gain on sale.................. 1.5 1.4 4.7 4.1 ------ ------ -------- -------- Net income............................................... $ 56.2 $ 45.3 $ 167.7 $ 145.7 ====== ====== ======== ========
SEE CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. F-34 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONSOLIDATED BALANCE SHEETS (MILLIONS, EXCEPT SHARE DATA)
SEPTEMBER 30, DECEMBER 31, 2000 1999 -------------- ------------- (UNAUDITED) ASSETS Investments: Debt securities available for sale, at fair value (amortized cost: $11,193.0 and $11,657.9)............... $11,075.8 $11,410.1 Equity securities, at fair value: Nonredeemable preferred stock (cost: $107.9 and $134.7)............................................... 101.0 130.9 Investment in affiliated mutual funds (cost: $13.0 and $63.5)................................................ 18.7 64.1 Common stock (cost: $5.6 and $6.7)...................... 13.0 11.5 Short-term investments.................................... 81.5 74.2 Mortgage loans............................................ 4.6 6.7 Policy loans.............................................. 338.6 314.0 Other investments......................................... 13.5 13.2 --------- --------- Total investments........................................... 11,646.7 12,024.7 Cash and cash equivalents................................. 987.3 694.4 Short-term investments under securities loan agreement.... 753.3 232.5 Accrued investment income................................. 148.7 150.7 Premiums due and other receivables........................ 97.3 298.3 Reinsurance recoverable................................... 3,003.4 3,001.2 Deferred income taxes..................................... 93.7 150.4 Deferred policy acquisition costs......................... 1,155.2 1,046.4 Other assets.............................................. 108.3 96.5 Separate Accounts assets.................................. 40,059.6 38,692.6 --------- --------- Total assets................................................ $58,053.5 $56,387.7 ========= ========= LIABILITIES AND SHAREHOLDER'S EQUITY Liabilities: Future policy benefits.................................... $ 3,938.2 $ 3,850.4 Unpaid claims and claim expenses.......................... 29.3 27.3 Policyholders' funds left with the Company................ 10,887.4 11,121.7 --------- --------- Total insurance reserve liabilities......................... 14,854.9 14,999.4 Payables under securities loan agreement.................. 753.3 232.5 Current income taxes...................................... 13.3 14.7 Other liabilities......................................... 797.9 1,062.8 Separate Accounts liabilities............................. 40,059.6 38,692.6 --------- --------- Total liabilities........................................... 56,479.0 55,002.0 ========= ========= Shareholder's equity: Common stock, par value $50 (100,000 shares authorized; 55,000 shares issued and outstanding)................... 2.8 2.8 Paid-in capital........................................... 431.9 431.9 Accumulated other comprehensive loss...................... (14.5) (44.8) Retained earnings......................................... 1,154.3 995.8 --------- --------- Total shareholder's equity.................................. 1,574.5 1,385.7 --------- --------- Total liabilities and shareholder's equity.................. $58,053.5 $56,387.7 ========= =========
SEE CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. F-35 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY (MILLIONS)
NINE MONTHS ENDED SEPTEMBER 30, ------------------------- 2000 1999 ----------- ----------- (UNAUDITED) (UNAUDITED) Shareholder's equity, beginning of period................... $1,385.7 $1,394.5 Comprehensive income: Net income................................................ 167.7 145.7 Other comprehensive income (loss), net of tax: Unrealized gains (losses) on securities $46.6, (($200.5) pretax) (1)........................................... 30.3 (130.3) -------- -------- Total comprehensive income.................................. 198.0 15.4 -------- -------- Other changes............................................... 0.9 0.5 Common stock dividends...................................... (10.1) (29.8) -------- -------- Shareholder's equity, end of period......................... $1,574.5 $1,380.6 ======== ========
(1) Net of reclassification adjustments. SEE CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. F-36 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONSOLIDATED STATEMENTS OF CASH FLOWS (MILLIONS)
NINE MONTHS ENDED SEPTEMBER 30, ------------------------- 2000 1999 ----------- ----------- (UNAUDITED) (UNAUDITED) Cash Flows from Operating Activities: Net income................................................ $ 167.7 $ 145.7 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net accretion of discount on investments................ (25.2) (20.6) Amortization of deferred gain on sale................... (4.7) (4.1) Net realized capital losses............................. 23.1 5.4 Changes in assets and liabilities: Decrease (increase) in accrued investment income...... 2.0 (11.4) Decrease in premiums due and other receivables........ 13.2 31.6 Increase in policy loans.............................. (24.6) (16.7) Increase in deferred policy acquisition costs......... (108.8) (114.7) Increase (decrease) in universal life account balances............................................ 21.0 (220.5) Increase in other insurance reserve liabilities....... 84.6 232.1 Net (decrease) in other liabilities and other assets.............................................. (69.0) (75.5) Increase (decrease) in income taxes................... 36.6 (280.1) --------- --------- Net cash provided by (used for) operating activities........ 115.9 (328.8) --------- --------- Cash Flows from Investing Activities: Proceeds from sales of: Debt securities available for sale.................... 9,074.5 4,017.1 Equity securities..................................... 107.4 89.9 Mortgage loans........................................ 2.1 2.3 Investment maturities and collections of: Debt securities available for sale.................... 488.0 995.2 Short-term investments................................ 57.2 60.6 Cost of investment purchases in: Debt securities available for sale.................... (9,128.6) (4,805.5) Equity securities..................................... (16.5) (9.4) Short-term investments................................ (89.9) (68.4) Decrease in property and equipment...................... 2.9 7.6 Other, net.............................................. (4.6) 6.2 --------- --------- Net cash provided by investing activities................... 492.5 295.6 --------- --------- Cash Flows from Financing Activities: Deposits and interest credited for investment contracts............................................. 1,275.1 1,576.5 Withdrawals of investment contracts..................... (1,606.9) (1,308.4) Dividends paid to shareholder........................... (10.1) (235.8) Other, net.............................................. 24.4 170.4 --------- --------- Net cash (used for) provided by financing activities........ (317.5) 202.7 --------- --------- Net increase in cash and cash equivalents................... 290.9 169.5 Effect of exchange rate changes on cash and cash equivalents............................................... 2.0 -- Cash and cash equivalents, beginning of period.............. 694.4 629.4 --------- --------- Cash and cash equivalents, end of period.................... $ 987.3 $ 798.9 ========= ========= Supplemental cash flow information: Income taxes paid, net.................................. $ 39.4 $ 315.6 ========= =========
SEE CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. F-37 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (1) BASIS OF PRESENTATION The consolidated financial statements include Aetna Life Insurance and Annuity Company ("ALIAC") and its wholly owned subsidiaries, Aetna Insurance Company of America ("AICA"), Aetna Investment Adviser Holding Company, Inc. ("IA Holdco") and Aetna Investment Services, Inc. (collectively, the "Company"). ALIAC is a wholly owned subsidiary of Aetna Retirement Holdings, Inc. ("HOLDCO"). HOLDCO is a wholly owned subsidiary of Aetna Retirement Services, Inc., whose ultimate parent is Aetna Inc. ("Aetna"). On June 30, 2000 HOLDCO contributed Aetna Investment Services, Inc. ("AISI") to the Company. (Refer to note 2). The Company has two business segments: Financial Products and Investment Management Services. On October 1, 1998, the Company sold its individual life insurance business to Lincoln National Corporation ("Lincoln") and accordingly, it is now classified as Discontinued Operations. These consolidated financial statements have been prepared in accordance with generally accepted accounting principles and are unaudited. The contribution of IA Holdco to the Company, which occurred on July 1, 1999, and the contribution of AISI to the Company were each accounted for in a manner similar to that of a pooling-of-interests and, accordingly, the Company's historical consolidated financial statements have been restated to include the accounts and results of operations of IA Holdco and AISI. Certain reclassifications have been made to 1999 financial information to conform to the 2000 presentation. These interim statements necessarily rely heavily on estimates, including assumptions as to annualized tax rates. In the opinion of management, all adjustments necessary for a fair statement of results for the interim periods have been made. All such adjustments are of a normal, recurring nature. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes as presented in ALIAC's 1999 Annual Report on Form 10-K. Certain financial information that is normally included in annual financial statements prepared in accordance with generally accepted accounting principles, but that is not required for interim reporting purposes, has been condensed or omitted. (2) CONTRIBUTION OF AISI FROM HOLDCO On June 30, 2000, HOLDCO contributed AISI to the Company. AISI is registered with the Securities Exchange Commission as a broker/dealer and is a member of the National Association of Securities Dealers, Inc. It is also registered with the appropriate state securities authorities as a broker/ dealer. The principal operation of AISI is the sale of fixed and variable annuities and mutual funds through its registered representatives. (3) RECENT DEVELOPMENTS AGREEMENT TO SELL AETNA FINANCIAL SERVICES AND AETNA INTERNATIONAL On July 20, 2000, Aetna Inc. ("Aetna"), the ultimate parent of the Company, announced that it reached a definitive agreement to sell its Aetna Financial Services and Aetna International businesses to ING Groep N.V. ("ING") in a transaction valued at approximately $7.7 billion. The Company is part of the Aetna Financial Services business and will be included in the sale to ING. Under the terms of the agreement, in two effectively simultaneous steps: (1) Aetna will spin off to its shareholders the shares of a standalone health company that will be comprised primarily of its Aetna U.S. Healthcare F-38 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (UNAUDITED) (3) RECENT DEVELOPMENTS (CONTINUED) and Large Case Pensions businesses; and (2) Aetna, which then will be comprised of Aetna Financial Services and Aetna International, will merge with a newly formed subsidiary of ING. Aetna's goal is to close the transaction, which is subject to receipt of required shareholder, regulatory and other consents and approvals, as well as other closing conditions, by year-end 2000. An Aetna shareholders' meeting has been scheduled for November 30, 2000 to consider the transaction and certain other matters. The full impact of the sale to ING on the Company's financial position and results of operations cannot be determined at this time. (4) NEW ACCOUNTING STANDARD On January 1, 2000, the Company adopted Statement of Position 98-7, Deposit Accounting: Accounting for Insurance and Reinsurance Contracts That Do Not Transfer Insurance Risk, issued by the American Institute of Certified Public Accountants. This statement provides guidance on how to account for all insurance and reinsurance contracts that do not transfer insurance risk, except for long-duration life and health insurance contracts. The adoption of this standard had no impact on the Company's financial position or results of operations. (5) FUTURE ACCOUNTING STANDARD In September 2000, the Financial Accounting Standards Board ("FASB") issued Financial Accounting Standard ("FAS") No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities which replaces FAS No. 125, Accounting for Transfers and Services of Financial Assets and Extinguishments of Liabilities. This standard revises the methods for accounting for securitizations and other transfers of financial assets and collateral as outlined in FAS No. 125, and requires certain additional disclosures. For transfers and servicing of financial assets and extinguishments of liabilities, this standard will be effective for the Company's June 30, 2001 financial statements. However, for disclosures regarding securitizations and collateral, as well as recognition and reclassification of collateral, this standard will be effective for the Company's December 31, 2000 financial statements. The Company is currently evaluating the impact of the adoption of this standard, however it does not expect the adoption of this standard to have a material effect on its financial position or results of operations. In June 1998, the FASB issued FAS No. 133, Accounting for Derivative Instruments and Hedging Activities. In June 2000, further guidance related to accounting for derivative instruments and hedging activities was provided when the FASB issued FAS No. 138, Accounting for Certain Derivative Instruments and Certain Hedging Activities -- an Amendment of FASB Statement No. 133. This standard, as amended, requires companies to record all derivatives on the balance sheet as either assets or liabilities and measure those instruments at fair value. The manner in which companies are to record gains or losses resulting from changes in the values of those derivatives depends on the use of the derivative and whether it qualifies for hedge accounting. As amended by FAS No. 137, Accounting for Derivative Instruments and Hedging Activities -- Deferral of the Effective Date of FASB Statement No. 133, this standard is effective for the Company's financial statements beginning January 1, 2001, with early adoption permitted. The impact of FAS No. 133, as amended, on the Company's financial statements will vary based on certain factors including future interpretive guidance from the FASB, the F-39 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (UNAUDITED) (5) FUTURE ACCOUNTING STANDARD (CONTINUED) extent of the Company's hedging activities, the types of hedging instruments used and the effectiveness of such instruments. The Company is evaluating the impact of the adoption of this standard, as amended, and currently does not believe that it will have a material effect on the Company's financial position or results of operations. (6) ADDITIONAL INFORMATION -- ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Changes in accumulated other comprehensive income (loss) related to changes in unrealized gains (losses) on securities (excluding those related to experience-rated contractholders) were as follows:
NINE MONTHS ENDED SEPTEMBER 30, --------------------------------------- (MILLIONS) 2000 1999 - ----------------------------------------------------------------------------------------------------- Unrealized holding gains (losses) arising during the period (1)................................................ $31.7 $(120.4) Less: reclassification adjustments for accretion of net investment discounts and gains included in net income (2)............................................... 1.4 9.9 - ----------------------------------------------------------------------------------------------------- Net unrealized gains (losses) on securities................ $30.3 $(130.3) =====================================================================================================
(1) Pretax unrealized holding gains (losses) arising during the period were $48.7 million and $(185.3) million for the nine months ended September 30, 2000 and September 30, 1999, respectively. (2) Pretax reclassification adjustments for accretion of net investment discounts and gains included in net income for the period were $2.1 million and $15.2 million for the nine months ended September 30, 2000 and September 30, 1999, respectively. F-40 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (UNAUDITED) (7) SEGMENT INFORMATION Summarized financial information for the Company's principal operations for the three months ended September 30, was as follows:
INVESTMENT FINANCIAL MANAGEMENT DISCONTINUED (MILLIONS) PRODUCTS (1) SERVICES (1) OPERATIONS (1) OTHER (1) TOTAL - --------------------------------------------------------------------------------------------------------------------------------- 2000 Revenues from external customers............. $ 182.4 $36.4 $ -- $(13.1) $ 205.7 Net investment income........................ 230.0 0.9 -- 1.0 231.9 - --------------------------------------------------------------------------------------------------------------------------------- Total revenue excluding net realized capital losses...................................... $ 412.4 $37.3 $ -- $(12.1) $ 437.6 ================================================================================================================================= Operating earnings (2)....................... $ 55.0 $ 9.2 $ -- $ (2.2) $ 62.0 Net realized capital losses, net of tax...... (7.3) -- -- -- (7.3) - --------------------------------------------------------------------------------------------------------------------------------- Income (loss) from continuing operations..... 47.7 9.2 -- (2.2) 54.7 Discontinued operations, net of tax: Amortization of deferred gain on sale..... -- -- 1.5 -- 1.5 - --------------------------------------------------------------------------------------------------------------------------------- Net income (loss)............................ $ 47.7 $ 9.2 $1.5 $ (2.2) $ 56.2 ================================================================================================================================= 1999 Revenues from external customers............. $ 144.1 $29.8 $ -- $(11.0) $ 162.9 Net investment income........................ 229.3 0.4 -- 0.9 230.6 - --------------------------------------------------------------------------------------------------------------------------------- Total revenue excluding net realized capital losses...................................... $ 373.4 $30.2 $ -- $(10.1) $ 393.5 ================================================================================================================================= Operating earnings (2)....................... $ 47.9 $ 7.5 $ -- $ (4.3) $ 51.1 Net realized capital losses, net of tax...... (7.2) -- -- -- (7.2) - --------------------------------------------------------------------------------------------------------------------------------- Income (loss) from continuing operations..... 40.7 7.5 -- (4.3) 43.9 Discontinued operations, net of tax: Amortization of deferred gain on sale..... -- -- 1.4 -- 1.4 - --------------------------------------------------------------------------------------------------------------------------------- Net income (loss)............................ $ 40.7 $ 7.5 $1.4 $ (4.3) $ 45.3 =================================================================================================================================
(1) Financial Products include: deferred and immediate annuity contracts; mutual funds; distribution services for annuities and mutual funds and programs offered to qualified plans and nonqualified deferred compensation plans that package administrative and recordkeeping services along with a menu of investment options, investment advisory services and pension plan administrative services. Investment Management Services include the following services: investment advisory services to affiliated and unaffiliated institutional and retail clients; underwriting; distribution for Company mutual funds and an affiliate's separate accounts; and trustee, administrative and other services to retirement plans. Discontinued Operations include life insurance products. Other includes consolidating adjustments and Year 2000 costs of $2.6 million in 1999. (2) Operating earnings is comprised of net income (loss) excluding net realized capital gains and losses. While operating earnings is the measure of profit or loss used by the Company's management when assessing performance or making operating decisions, it does not replace operating income or net income as a measure of profitability. F-41 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (UNAUDITED) (7) SEGMENT INFORMATION (CONTINUED) Summarized financial information for the Company's principal operations for the nine months ended September 30, was as follows:
INVESTMENT FINANCIAL MANAGEMENT DISCONTINUED (MILLIONS) PRODUCTS (1) SERVICES (1) OPERATIONS (1) OTHER (1) TOTAL - --------------------------------------------------------------------------------------------------------------------------------- 2000 Revenues from external customers............. $ 519.6 $104.2 $ -- $(38.2) $ 585.6 Net investment income........................ 676.4 2.1 -- 3.0 681.5 - --------------------------------------------------------------------------------------------------------------------------------- Total revenue excluding net realized capital (losses) gains............................ $1,196.0 $106.3 $ -- $(35.2) $1,267.1 ================================================================================================================================= Operating earnings (2)....................... $ 158.1 $ 25.7 $ -- $ (5.8) $ 178.0 Net realized capital (losses) gains, net of tax......................................... (15.1) 0.1 -- -- (15.0) - --------------------------------------------------------------------------------------------------------------------------------- Income (loss) from continuing operations..... 143.0 25.8 -- (5.8) 163.0 Discontinued operations, net of tax: Amortization of deferred gain on sale..... -- -- 4.7 -- 4.7 - --------------------------------------------------------------------------------------------------------------------------------- Net income (loss)............................ $ 143.0 $ 25.8 $4.7 $ (5.8) $ 167.7 ================================================================================================================================= 1999 Revenues from external customers............. $ 399.1 $ 86.4 $ -- $(33.3) $ 452.2 Net investment income........................ 665.2 1.0 -- 2.6 668.8 - --------------------------------------------------------------------------------------------------------------------------------- Total revenue excluding net realized capital losses...................................... $1,064.3 $ 87.4 $ -- $(30.7) $1,121.0 ================================================================================================================================= Operating earnings (2)....................... $ 142.6 $ 21.1 $ -- $(18.6) $ 145.1 Net realized capital losses, net of tax...... (3.5) -- -- -- (3.5) - --------------------------------------------------------------------------------------------------------------------------------- Income from continuing operations............ 139.1 21.1 -- (18.6) 141.6 Discontinued operations, net of tax: Amortization of deferred gain on sale..... -- -- 4.1 -- 4.1 - --------------------------------------------------------------------------------------------------------------------------------- Net income (loss)............................ $ 139.1 $ 21.1 $4.1 $(18.6) $ 145.7 =================================================================================================================================
(1) Financial Products include: deferred and immediate annuity contracts; mutual funds; distribution services for annuities and mutual funds and programs offered to qualified plans and nonqualified deferred compensation plans that package administrative and recordkeeping services along with a menu of investment options, investment advisory services and pension plan administrative services. Investment Management Services include the following services: investment advisory services to affiliated and unaffiliated institutional and retail clients; underwriting; distribution for Company mutual funds and an affiliate's separate accounts; and trustee, administrative and other services to retirement plans. Discontinued Operations include life insurance products. Other includes consolidating adjustments and Year 2000 costs of $13.0 million in 1999. (2) Operating earnings is comprised of net income (loss) excluding net realized capital gains and losses. While operating earnings is the measure of profit or loss used by the Company's management when assessing performance or making operating decisions, it does not replace operating income or net income as a measure of profitability. F-42 AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES (A WHOLLY OWNED SUBSIDIARY OF AETNA RETIREMENT HOLDINGS, INC.) CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (UNAUDITED) (8) COMMITMENTS AND CONTINGENT LIABILITIES COMMITMENTS Through the normal course of investment operations, the Company commits to either purchase or sell securities or money market instruments at a specified future date and at a specified price or yield. The inability of counterparties to honor these commitments may result in either higher or lower replacement cost. Also, there is likely to be a change in the value of the securities underlying the commitments between the time that the Company enters into the commitments and the specified future date on which the Company must purchase or sell the securities, as the case may be. As of September 30, 2000, there were no such off-balance sheet commitments. LITIGATION In recent years, several life insurance and annuity companies have been named as defendants in class action lawsuits relating to life insurance and annuity pricing and sales practices. The Company has been a defendant in two such lawsuits. A purported class action complaint was filed in the Circuit Court of Lauderdale County, Alabama on March 28, 2000 by Loretta Shaner against ALIAC (the "Shaner Complaint"). This case was removed to the United States District Court for the Northern District of Alabama. The Shaner Complaint sought unspecified compensatory damages from ALIAC and unnamed affiliates of ALIAC. The Shaner Complaint claimed that ALIAC's sale of deferred annuity products for use as investments in tax-deferred contributory retirement plans (e.g., IRAs) was improper. On August 31, 2000, the Court entered an order and judgement dismissing the case. The case has been refiled as an individual action in the Alabama state court. A purported class action complaint was filed in the United States District Court for the Middle District of Florida on June 30, 2000, by Helen Reese, Richard Reese, Villere Bergeron and Allan Eckert against ALIAC (the "Reese Complaint"). The Reese Complaint seeks compensatory and punitive damages and injunctive relief from ALIAC. The Reese Complaint claims that ALIAC engaged in unlawful sales practices in marketing life insurance policies. ALIAC has moved to dismiss the Reese Complaint for failure to state a claim upon which relief can be granted. This litigation is in the preliminary stages. The Company intends to defend the action vigorously. The Company is also involved in numerous other lawsuits arising, for the most part, in the ordinary course of its business operations. While the outcome of the litigation against the Company referred to in this paragraph cannot be determined at this time, after consideration of the defenses available to the Company, applicable insurance coverage and any related reserves established, the litigation referred to in this paragraph is not expected to result in liability for amounts material to the financial condition of the Company, although it may adversely affect results of operations in future periods. (9) DIVIDENDS During 2000, the Company paid $10.1 million in dividends to HOLDCO, which did not require approval from the Insurance Commissioner of the State of Connecticut. F-43 X.89953-00 December 2000 VARIABLE ANNUITY ACCOUNT C PART C - OTHER INFORMATION ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements: (1) Incorporated by reference in Part A: Condensed Financial Information (2) Included in Part B: Financial Statements of Variable Annuity Account C: - Statements of Assets and Liabilities as of December 31, 1999 - Statement of Operations for the year ended December 31, 1999 - Statements of Changes in Net Assets for the years ended December 31, 1999 and 1998 - Condensed Financial Information for the year ended December 31, 1999 - Notes to Financial Statements - Independent Auditors' Report - Unaudited Statement of Assets and Liabilities as of September 30, 2000 - Unaudited Statement of Operations for the nine-month period ended September 30, 2000 - Unaudited Statements of Changes in Net Assets for the nine-month periods ended September 30, 2000 and September 30, 1999 - Notes to Financial Statements Financial Statements of the Depositor: - Independent Auditors' Report - Consolidated Statements of Income for the years ended December 31, 1999, 1998 and 1997 - Consolidated Balance Sheets as of December 31, 1999 and 1998 - Consolidated Statements of Changes in Shareholder's Equity for the years ended December 31, 1999, 1998 and 1997 - Consolidated Statements of Cash Flows for the years ended December 31, 1999, 1998 and 1997 - Notes to Consolidated Financial Statements - Unaudited Consolidated Balance Sheets as of September 30, 2000 - Unaudited Consolidated Statements of Income for the nine-month period ended September 30, 2000 - Unaudited Consolidated Statements of changes in Shareholder's Equity for the nine-month period ended September 30, 2000 - Unaudited Consolidated Statements of Cash Flows for the nine-month period ended September 30, 2000 (b) Exhibits (1) Resolution of the Board of Directors of Aetna Life Insurance and Annuity Company establishing Variable Annuity Account C(1) (2) Not applicable (3.1) Broker-Dealer Agreement(2) (3.2) Alternative Form of Wholesaling Agreement and Related Selling Agreement(3) (3.3) Broker-Dealer Agreement dated June 7, 2000 between Aetna Life Insurance and Annuity Company and Aetna Investment Services, Inc. (AISI) and Letter of Assignment to AISI(4) (3.4) Underwriting Agreement dated November 17, 2000 between Aetna Life Insurance and Annuity Company and Aetna Investment Services, LLC(4) (4.1) Variable Annuity Contract (G-401-IB(X/M))(5) (4.2) Variable Annuity Contract (G-CDA-IB(XC/SM))(5) (4.3) Endorsement (EGET-IC(R)) to Contracts G-401-IB(X/M) and G-CDA-IB(XC/SM)(3) (4.4) Endorsement (ESUNYSDO97) to Contracts G-CDA-IB(XC/SM) and G-401-IB(X/M)(6) (4.5) Form of Endorsement (ESUNY401-01) to Contract G-401-IB(X/M) and Certificate GC401-IB(X/M) (5) Variable Annuity Contract Application (300-MOP-IB)(7) (6.1) Certificate of Incorporation of Aetna Life Insurance and Annuity Company(8) (6.2) Amendment of Certificate of Incorporation of Aetna Life Insurance and Annuity Company(9) (6.3) By-Laws as amended September 17, 1997 of Aetna Life Insurance and Annuity Company(10) (7) Not applicable (8.1) Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc. dated as of May 1, 1998(2) (8.2) Amendment dated November 9, 1998 to Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc. dated as of May 1, 1998(11) (8.3) Second Amendment dated December 31, 1999 to Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc., on behalf of each of its series, Aetna Variable Portfolio, Inc., on behalf of each of its series, and Aeltus Investment Management, Inc., dated as of May 1, 1998 and amended on November 9, 1998(12) (8.4) Third Amendment dated February 11, 2000 to Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc., on behalf of each of its series, Aetna Variable Portfolio, Inc., on behalf of each of its series, and Aeltus Investment Management, Inc., dated as of May 1, 1998, amended on November 9, 1998 and December 31, 1999(13) (8.5) Fourth Amendment dated May 1, 2000 to Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc. dated as of May 1, 1998 and amended on November 9, 1998, December 31, 1999 and February 11, 2000(13) (8.6) Service Agreement between Aeltus Investment Management, Inc. and Aetna Life Insurance and Annuity Company in connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, and Aetna Variable Portfolios, Inc. on behalf of each of its series dated as of May 1, 1998(2) (8.7) Amendment dated November 4, 1998 to Service Agreement between Aeltus Investment Management, Inc. and Aetna Life Insurance and Annuity Company in connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series and Aetna Variable Portfolios, Inc. on behalf of each of its series dated as of May 1, 1998(11) (8.8) Second Amendment dated February 11, 2000 to Service Agreement between Aeltus Investment Management, Inc. and Aetna Life Insurance and Annuity Company in connection with the sales of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc., on behalf of each of its series and Aetna Variable Portfolio, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc., dated as of May 1, 1998 and amended on November 4, 1998(13) (8.9) Third Amendment dated May 1, 2000 to Service Agreement between Aeltus Investment Management, Inc. and Aetna Life Insurance and Annuity Company in connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series and Aetna Variable Portfolios, Inc. on behalf of each of its series dated as of May 1, 1998, November 4, 1998 and February 11, 2000(14) (8.10) Fund Participation Agreement among Calvert Responsibly Invested Balanced Portfolio, Calvert Asset Management Company, Inc. and Aetna Life Insurance and Annuity Company dated December 1, 1997 (15) (8.11) Service Agreement between Calvert Asset Management Company, Inc. and Aetna Life Insurance and Annuity Company dated December 1, 1997 (15) (8.12) Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996 (9) (8.13) Fifth Amendment dated as of May 1, 1997 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996 (16) (8.14) Sixth Amendment dated November 6, 1997 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996 and May 1, 1997 (17) (8.15) Seventh Amendment dated as of May 1, 1998 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997 and November 6, 1997(2) (8.16) Eighth Amendment dated December 1, 1999 to Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997, November 6, 1997 and May 1, 1998 (12) (8.17) Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996 (9) (8.18) Fifth Amendment dated as of May 1, 1997 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996 (16) (8.19) Sixth Amendment dated as of January 20, 1998 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996 and May 1, 1997 (18) (8.20) Seventh Amendment dated as of May 1, 1998 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997 and January 20, 1998 (2) (8.21) Eighth Amendment dated December 1, 1999 to Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997, January 20, 1998 and May 1, 1998 (12) (8.22) Service Agreement between Aetna Life Insurance and Annuity Company and Fidelity Investments Institutional Operations Company dated as of November 1, 1995 (19) (8.23) Amendment dated January 1, 1997 to Service Agreement between Aetna Life Insurance and Annuity Company and Fidelity Investments Institutional Operations Company dated as of November 1, 1995 (16) (8.24) Service Contract between Fidelity Distributors Corporation and Aetna Life Insurance and Annuity Company dated May 2, 1997 (11) (8.25) Fund Participation Agreement among Janus Aspen Series and Aetna Life Insurance and Annuity Company and Janus Capital Corporation dated December 8, 1997 (20) (8.26) Amendment dated October 12, 1998 to Fund Participation Agreement among Janus Aspen Series and Aetna Life Insurance and Annuity Company dated December 8, 1997 (11) (8.27) Second Amendment dated December 1, 1999 to Fund Participation Agreement among Janus Aspen Series and Aetna Life Insurance and Annuity Company and Janus Capital Corporation dated December 8, 1997 and amended on October 12, 1998 (21) (8.28) Amendment dated as of August 1, 2000 to Fund Participation Agreement among Janus Aspen Series and Aetna Life Insurance and Annuity Company and Janus Capital Corporation dated December 8, 1997, as amended on October 12, 1998 and December 1, 1999(22) (8.29) Service Agreement between Janus Capital Corporation and Aetna Life Insurance and Annuity Company dated December 8, 1997 (20) (8.30) First Amendment dated as of August 1, 2000 to Service Agreement between Janus Capital Corporation and Aetna Life Insurance and Annuity Company dated December 8, 1997 (22) (8.31) Distribution and Shareholder Services Agreement - Service Shares of Janus Aspen Series (for Insurance Companies) dated August 1, 2000 between Janus Distributors, Inc. and Aetna Life Insurance and Annuity Company (22) (8.32) Fund Participation Agreement between Aetna Life Insurance and Annuity Company and Lexington Management Corporation regarding Natural Resources Trust dated December 1, 1988 and amended February 11, 1991 (3) (8.33) Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Lexington Emerging Markets Fund, Inc. and Lexington Management Corporation dated April 28, 1994 (23) (8.34) Fund Participation Agreement among MFS Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997 (2) (8.35) Fourth Amendment dated May 1, 1998 to the Fund Participation Agreement by and among MFS Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997 (24) (8.36) Fifth Amendment dated May 1, 1998 to Fund Participation Agreement by and among MFS Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997, November 28, 1997 and May 1, 1998 (25) (8.37) Fifth Amendment dated July 1, 1999 to Fund Participation Agreement by and among MFS Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Service Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997, November 28, 1997 and May 1, 1998 (26) (8.38) Sixth Amendment dated November 17, 2000 between Aetna Life Insurance and Annuity Company, MFS Variable Insurance Trust and Massachusetts Financial Services Company dated April 30, 1996, as amended on September 3, 1996, March 14, 1997, November 28, 1997, May 1, 1998 and July 1, 1999 (4) (8.39) Fund Participation Agreement dated March 11, 1997 between Aetna Life Insurance and Annuity Company and Oppenheimer Variable Annuity Account Funds and Oppenheimer Funds, Inc.(27) (8.40) First Amendment dated December 1, 1999 to Fund Participation Agreement between Aetna Life Insurance and Annuity Company and Oppenheimer Variable Annuity Account Funds and Oppenheimer Funds, Inc. dated March 11, 1997 (12) (8.41) Service Agreement effective as of March 11, 1997 between Oppenheimer Funds, Inc. and Aetna Life Insurance and Annuity Company (27) (9) Opinion and Consent of Counsel (10) Consent of Independent Auditors (11) Not applicable (12) Not applicable (13) Schedule for Computation of Performance Data(28) (14.1) Powers of Attorney (14.2) Authorization for Signatures (3) 1. Incorporated by reference to Post-Effective Amendment No. 6 to Registration Statement on Form N-4 (File No. 33-75986), as filed on April 22, 1996. 2. Incorporated by reference to Registration Statement on Form N-4 (File No. 333-56297) as filed on June 8, 1998. 3. Incorporated by reference to Post-Effective Amendment No. 5 to Registration Statement on Form N-4 (File No. 33-75986), as filed on April 12, 1996. 4. Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-49176), as filed on November 30, 2000. 5. Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement on Form N-4 (File No. 33-81216), as filed on April 17, 1996. 6. Incorporated by reference to Post-Effective Amendment No. 7 to Registration Statement on Form N-4 (File No. 33-81216), as filed on February 12, 1997. 7. Incorporated by reference to Post-Effective Amendment No. 13 to Registration Statement on Form N-4 (File No. 33-91846), as filed on April 13, 1998. 8. Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement on Form S-1 (File No. 33-60477), as filed on April 15, 1996. 9. Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement on Form N-4 (File No. 33-75964), as filed on February 11, 1997. 10. Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement on Form N-4 (File No. 33-91846), as filed on October 30, 1997. 11. Incorporated by reference to Post-Effective Amendment No. 2 to Registration Statement on Form N-4 (File No. 333-56297), as filed on December 14, 1998. 12. Incorporated by reference to Post-Effective Amendment No. 19 to Registration Statement on Form N-4 (File No. 333-01107), as filed on February 16, 2000. 13. Incorporated by reference to Post-Effective Amendment No. 20 to Registration Statement on Form N-4 (File No. 333-01107), as filed on April 4, 2000. 14. Incorporated by reference to Post-Effective Amendment No. 16 to Registration Statement on Form N-4 (File No. 333-56297), as filed on June 26, 2000. 15. Incorporated by reference to Post-Effective Amendment No. 8 to Registration Statement on Form N-4 (File No. 333-01107), as filed on February 19, 1998. 16. Incorporated by reference to Post-Effective Amendment No. 30 to Registration Statement on Form N-4 (File No. 33-34370), as filed on September 29, 1997. 17. Incorporated by reference to Post-Effective Amendment No. 16 to Registration Statement on Form N-4 (File No. 33-75964), as filed on February 9, 1998. 18. Incorporated by reference to Post-Effective Amendment No. 7 to Registration Statement on Form S-6 (File No. 33-75248), as filed on February 24, 1998. 19. Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement on Form N-4 (File No. 33-88720), as filed on June 28, 1996. 20. Incorporated by reference to Post-Effective Amendment No. 10 to Registration Statement on Form N-4 (File No. 33-75992), as filed on December 31, 1997. 21. Incorporated by reference to Post-Effective Amendment No. 19 to Registration Statement on Form N-4 (File No. 333-01107), as filed on February 16, 2000. 22. Incorporated by reference to Post-Effective Amendment No. 22 to Registration Statement on Form N-4 (File No. 333-01107), as filed on August 14, 2000. 23. Incorporated by reference to Post-Effective Amendment No. 22 to Registration Statement on Form N-4 (File No. 33-34370), as filed on April 22, 1996. 24. Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-56297), as filed on August 4, 1998. 25. Incorporated by reference to Post-Effective Amendment No. 4 to Registration Statement on Form N-4 (File No. 333-56297), as filed on February 16, 1999. 26. Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement on Form N-4 (File No. 333-56297), as filed on November 23, 1999. 27. Incorporated by reference to Post-Effective Amendment No. 27 to Registration Statement on Form N-4 (File No. 33-34370), as filed on April 16, 1997. 28. Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement on Form N-4 (File No. 33-81216), as filed on April 15, 1998. ITEM 25. DIRECTORS AND OFFICERS OF THE DEPOSITOR NAME AND PRINCIPAL BUSINESS ADDRESS* POSITIONS AND OFFICES WITH DEPOSITOR Thomas J. McInerney** Director and President Wayne R. Huneke*** Director Phillip R. Lowery*** Director Robert C. Salipante**** Director Mark A. Tullis*** Director Michael W. Cunningham** Senior Vice President and Chief Financial Officer Mary Ellen Thibodeau** Corporate Secretary Deborah Koltenuk** Vice President and Corporate Controller Brian Murphy** Vice President and Chief Compliance Officer * These individuals may also be directors and/or officers of other affiliates of the Company. ** The principal business address of these directors and officers is 151 Farmington Avenue, Hartford, Connecticut 06156. *** The address of these Directors and Officers is 5780 Powers Ferry Road, NW, Atlanta Georgia 30327-4390. **** The address of this Director is 20 Washington Avenue South, Minneapolis, Minnesota 55401. ITEM 26. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR REGISTRANT Attached is a listing of all persons directly or indirectly controlled by or under common control with the Registrant. ING GROEP, N.V. BHF-Bank AG BHF Securities Corporation ING Bank N.V. Alegron Belegging B.V. ING Bank Ukraine ING Baring Securities (Romania) S.A. Amsterdam Exchanges N.V. Argencontrol Artolis B.V. Assurantiebedrijf ING Bank N.V. Assurantiekantdoor Honig & Hageman BV Noordster V.O.F. Volmachtbedrijf ING Bank B.V. Atlas Investeringsgroep N.V. Atlas Investors Partnership III C.V. B.V. Gemeenschappelijk Bezit Aandelen Necigef Bank Brussels Lambert S.A. ING Bank (Belgium) N.V./S.A. Bancard Company S.A. Cooperation Liquidation Terme Bourse S.C. Europay Belgium S.C. Institut De Reescompte S.C. Societe Belge D' Investissement International S.C. Society for Worldwide Interbank Financial Telecommunication S.C. Visa Belgium SC Bank Mendes Gans NV B.V. Deelnemings En Financieringsmaatschappij "Nova Zembla" B.V. Trust En Administratiekantoor Van Bank Mendes Gans N.V. Bank Mendes Gans Effectenbewaarbedrijf N.V. Brenko B.V. Cabel B.V. Handamar N.V. Handamar Corporation Intervest B.V. Intervest PPM B.V. Bank Slaski S.A. W Katowicach *Rodkowoeropejskie Centrum Ratingu I Analiz S.A. Bankowe Przedsi*Biorstwo Telekom. Telebank S.A. BSK Konsulting SP Z.O.O. BSK Leasing S.A. Centralna Tabela Ofert S.A. Dom Maklerski BSK S.A. Gie*Da Papierow Warto*Clowych S.A. ING BSK Asset Management S.A. Krajowa Izba Rozliczeniowa S.A. Biuro Informacji Kredytowe S.A. Mi*Dzvnarodowa Szko*A Bankowo*Ci I Finansow SP Z.O.O. Society for Worldwide Interbank Financial Telecommunication S.C. Banque Baring Brothers (Suisse) S.A. Benelux Investment Fund B.V. Berliner Handels - Und Frankfurter Bank A.G. Buenos Aires Equity Investments N.V. Emprendimiento Recoleta S.A. (ERSA) BPEP Holdings Limited Baring Asia (GP) Limited Baring European Fund Managers Limited Baring Latin America GP Limited Baring Latin America Partners Limited Baring Private Equity Partners (Asia) PTE. Limited Baring Private Equity Partners (China) Limited ING Barings Private Equity (China) Limited ING BPE (China) Advisers Limited Baring Private Equity Partners (India) Limited Baring Private Equity Partners GMBH Baring Private Equity Partners Limited Baring Venture Partners GMBH Baring Venture Partners S.A BHB Management Limited BPEP General Partner I Limited BPEP General Partner II Limited BPEP Management (UK) Limited BPEP Nominees Limited Quartz Capital Partners Limited Transtech Limited BCEE Advisers Limited BCEF Advisers Limited BHR Management Limited BI Advisers Limited Blac Holdings Inc. Blac Corp. Incorperated BPEP Management Limited Baring Mexico (GP) Limited Baring Private Equity Partners Espana S.A. Baring Private Equity Partners Mexico S.C. BVP Mexico S.A. Cavendish Nominees Limited BPEP Participations Limited Baring Vostok Capital Partners Limited Baring Vostok Fund Managers Limited ESD Managers Limited Easdaq S.A. International Private Equity Services Limited Polytechnos Venture Partners GMBH BVP Holdings Limited Baring Capricorn Ventures Limited Baring Communications Equity Limited BCEA Advisers Limited BCEA Management PTE. Limited Capricorn Venture Fund N.V. Procuritas Partners KB PAB Partner AB BVP Management Limited Capricorn Venture Partners N.V. Czech Venture Partners S.R.O. CI European Limited SCGF Advisers Limited BV Maatschappij Van Onroerende Goederen 'Het Middenstandshuis B' BV Maatschappij Van Onroerende Goederen 'Het Middenstandshuis' Amsterdamse Poort III B.V. Bijlmerplein Leasing BV Foppingadreef Leasing B.V. BV Maatschappij Van Onroerende Goederen 'Het Middenstandshuis A' BV Maatschappij Van Onroerende Goederen 'Het Middenstandshuis C' Grondpoort III B.V. C.V. Exploitatiemaatschappij Tunnel Onder De Noord Cardona B.V. Cedel International S.A. Centrum Cocarde B.V. Cene Bankiers N.V. Administratie & Trustkantoor Beleggingsfonds Protestants Nederland BV Amsterdam Exchanges N.V. Arma Beheer B.V. Beheer Administratie en Beleggingsmaatschappij Kant B.V. Bewaarbedrijf Cene Bankiers B.V. BV Algemene Beleggingsmaatschappij Cene Bankiers N.V. Beheermaatschappij Jansen Groenekan B.V. Copar B.V. Fidele Management B.V. Flexibel Beheer Utrecht B.V. Hercules Beheer B.V. Langosta B.V. Mercurius Beheer B.V. Nivo Investments B.V. Remazon B.V. Cene Bankiers Holdings N.V. Cene Asset Management N.V. Cene Management N.V. Tawny Owl Investment Company N.V. Cene Verzekeringen B.V. N.V. Instituut Voor Ziekenhuisfinanciering Utrechtse Participatiemaatschappij B.V. Cofiton B.V. Sterling Developments B.V. Brooks Equities Inc. Location 3 Ltd. SDC Properties Inc. Tripolis Vastgoed B.V. Tripolis A C.V. Tripolis B C.V. Tripolis C C.V. Combdring B.V. Compensadora Electronica S.A. Computer Centrum Twente B.V. Corporacion Financiera ING (Colombia) S.A. Credit Commercial De France S.A. Depositary Company ING Bank B.V. Destara B.V. ING Bank Ukraine ING Baring Securities (Romania) S.A. Effectenbeursvennootschap Van Brussel C.V. Effectenbewaarbedrijf ING Bank N.V. Euroclear Clearance System Public Limited Company European Investment Fund (Center 757) European Investment Fund (Center 920) Extra Clearing B.V. Amsterdam Exchanges N.V. Extra Clearing GMBH YVOF Floorbrokers B.V. Easdaq S.A. Financial Advisory & Consultancy Services B.V. Owen Stanley Financial S.A. Financial Facilities Management B.V. Finemij B.V. Gabela Belegging B.V. Hamgia Beheer B.V. ING Bank Urkraine ING Baring Securities (Romania)S.A. Ingvest III B.V. Institucion Financiera Externa Middenbank Curacao N.V. (Uruguay) Interbank On-Line System Limited International Bankers S.A. Interpay Nederland B.V. Interunion Bank (Antilles) N.V. Interadvies N.V. Administratiekantoor De Leuve BV Crediet Service Bank B.V. Incassobureau Fiditon BV NV Nationale Volksbank Arenda B.V. Spaarfondsen Beheer B.V. Spaarfondsen Bewaar B.V. Welvaert Financieringen NV Welstand B.V. Internationale Nederlanden (U.S.) Funding Corporation ING (U.S.) Financial Holdings Corporation ING (U.S.) Capital Financial Holdings LLC ING (U.S.) Capital LLC ING (U.S.) Capital Management Company LLC ING (U.S.) Investment Corporation Alliance Precision Plastics Corporation Nitrogen Products, Inc. ING Furman Selz Asset Management LLC FSIP LLC Taurus Partners, L.P. The Corner Fund, L.P. Fairway Capital Partners, L.P. Anvers, L.P. Anvers II, L.P. Artemis Partners, L.P. Furman Selz Capital Management LLC Delta Asset Management NorthStar Asset Management ING Capital Advisors, LLC ING Capital Advisors Portfolio Management Corp. ING Capital Senior Secured High Income Fund, L.P. ING Emerging Markets Investors LLC ING Emerging Partners L.P. ING Equity Holdings, Inc. ING Equity Partners L.P. ING Realty Services, Inc. ING (U.S.) Financial Services Corporation ING Baring Grupo Financiero (Mexico) S.A. De C.V. ING Inmobiliaria (Mexico) S.A. de C.V. ING Bank (Mexico) S.A. ING Baring (Mexico), S.A. de C.V., Casa de Bolsa ING Baring (U.S.) Financial Holdings LLC ING Baring (U.S.) Capital Markets, LLC ING Baring (U.S.) Capital LLC ING (U.S.) Latin American Capital LLC Internationale Nederlanden (U.S.) Real Estate Finance, Inc. 1996 Olympic Corporation California Acquisition Partners I Coast Atlantic, Inc. Highridge ING Atlantic L.P. Apache Investments, Inc. Kokopelli Associates, Ltd. Blue Sky Properties Inc. Montague Court, LLC Calprop Portfolio, Inc. The Center at San Marcos Corporation Crow's Nest Corporation Genesee Corporation Algerine Inc. Genreo Corporation Northern Springs Portfolio, Inc Laketon Corporation Lucre Lake Corporation ING Real Estate Investors, Inc. Little Muddy Creek Corporation FN Realty Advisors, Inc. Mountain AMD L.P. First Ohio Service Corporation 5850 Corporation Colrad Development Corp. Evergreen Valley Development LFS Capital Corporation Lisle Center, Inc. Spectrum Holdings, Inc. Cardinal Mortgage Corporation E.N. One, Inc. Fairfield Village Mortgage Corporation Lincoln Ventures Corporation Pathway Lands Incorporated Amarak II Investments Corporation Pimco Corporation Baloo Corporation Can II, LLC Cap II Foreclosure Corporation Penn Mar Associates, LLC Calprop II Portfolio, Inc. Clear River Associates, Inc. Amarak Investments Corporation Great Lakes Management, Inc. Canadian Ventures I L.P. Falcon Gate, Inc. Long Ears Corporation Pleasantlake Corporation S G Investors Corporation Southgate Plaza, LLC Ventura Ridge Associates, Inc. Triangle Development Corporation 39 Vestry LLC Tech Air Corporation ING Barings Real Estate Acquisition Company Pentagon Parkway Corporation Artis Realty Advisors, Inc. Coconut Corp. Promontory Point, Inc. Promontory Point Partnership Seagate Development Corporation Able Gateway Plaza, LLC Mountain Creek Investors, Inc. Mountain Creek Company, LLC Telluride Mountain Village Ventures, LLC Nashpike Corporation Velocity One Inc. B&I Associates, LLC Brookhollow Associates, L.P. 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RIB Residential LLC RBG Residential Investors, LLC RBG XXXV Corp. Centerline/RBG XXXV, L.P. RB Florida Partners, L.P. Center VII Corporation Center VIII Corporation Center X Corporation Fountain Park Corporation Royal Falls Corporation Woodward Investors Corporation Woodward First National LLC Qualco, Inc. Quality Fifth Avenue Hotel Associates, LLc Fifth Avenue Hospitality Associates, LLC Baldco, Inc. Sleepy Lake Corporation High Flyer Corporation Airport One Investors, LLC Lower Westside Development Corp. 359 West 11th Street, LLC Velocity Two, Inc. Baldwin Hospitality, LLC Sleepy Lake Partners, L.P. ING Merger Inc. Furman Selz Trust Company Furman Selz (Ireland) LLC Furman Selz Financial Services Unlimited Furman Selz Advisors LLC Furman Selz Capital LLC Furman Selz Management (BVI) Ltd. Furman Selz Investments LLC Furman Selz Investors, L.P. Furman Selz SBIC Investments LLC Furman Selz SBIC, L.P. ING Baring Furman Selz LLC Furman Selz Investment II Furman Selz Investors II, L.P. Furman Selz Parallel Fund Artisan Investment Management LLC Michelangelo Partners, L.P. Total Resources LLC Furman Selz Resources LLC Furman Selz Financial Services LLC Furman Selz Merchant Capital LLC Furman Selz Ventures, L.P. Karnak Partners, L.P. Saugatuck Partners, L.P. Crestwood Capital Partners, L.P. Crestwood Capital Partners II, L.P. Bridgewood Capital Partners, L.P. ING TT&S (U.S.) Holdings Corporation ING TT&S (U.S.) Securities, Inc. ING (U.S.) Securities, Futures & Options Inc. ING TT&S (U.S.) Capital Corporation Furman Selz Proprietary, Inc. ING (U.S.) Capital Investors Holdings, Inc. ING (U.S.) Capital Securities, Inc. Brecco, Inc. FSIC LLC Mutual Fund Funding 1994-1 Pacifica Funds Distributor, Inc. Furman Selz Residential Funding LLC FS Trust Company ING Bank (Chile) S.A. Edibank S.A. Sociedad Interbancaria De Depositos De Valores S.A. ING Bank (Eurasia) ING Bank (Hungary) Rt. Giro Elszamolasforgalmi Rt. ING Duna Ingatlanhasznositc KFT ING Bank (Luxembourg) S.A. CMF Advisory S.A.H. Euromix Advisory S.A.H. ING Bank Luxfund Management S.A. ING International Advisory S.A.H. ING International II Advisory S.A.H. ING Bank (Schweiz) A.G. Kredietbank S.A. Luxembourgeoise ING Bank (Uruguay) S.A. Bolsa Electronica De Valores Del Uruguay S.A. Compania Uruguaya De Medios De Procesamiento S.A. Red. De Intercomunicacion De Alta Seguridad S.R.L. ING Bank of Canada ING Bank Corporate Investments B.V. Entero B.V. Eruca Belegging B.V. ING Bank Mezzaninefonds B.V. ING Bank Participatie PPM B.V. MKB Beleggingen B.V. MKB Vliehors II B.V. Wijkertunnel Beheer II B.V. Wijkertunnel Beheer II Management B.V. MKB Vliehors III B.V. Small Business Publishing B.V. N&M Holding N.V. ING Bank Dutch Fund N.V. ING Bank Fondsen Beheer B.V. ING Bank Geldmarkt Fonds N.V. ING Bank Global Custody UK Nominees Limited ING Bank Global Fund N.V. ING Bank Guldem Fonds N.V. ING Bank I.T. Fund N.V. ING Bank Luxfund Management S.A. ING Bank Middutch Fund N.V. ING Bank Obligatie Fonds N.V. ING Bank Rentegroei Fonds N.V. ING Bank Spaardividend Fonds N.V. ING Bank Vastgoed Fonds B.V. ING Bank Verre Oosten Fonds N.V. ING Baring Capital Markets (C.R.), A.S. ING Baring Financial Products ING Baring Holding Nederland B.V. Atlas Capital (Thailand) Limited ("Atlas") ING Baring Securities (Thailand) Limited ING Baring Holdings Limited Baring Asset Management Holdings Ltd. Baring Asset Management Ltd. Baring International Investment Limited Baring International Investment Management Holdings Ltd. Baring Asset Management Inc. Baring International Investment (Canada) Limited Baring International Investment Management Limited Baring Asset Management Holdings Inc. Baring Asset Management UK Holdings Limited Baring Asset Management (Asia) Holdings Limited Austin Assets Limited Baring Asset Management (Asia) Limited Baring Asset Management (Australia) Limited Baring Asset Management (Japan) Limited Baring International Fund Managers (Bermuda) Limited Baring International Fund Managers Limited Baring International Investment (Far East) Limited Baring Pacific Investments Limited Baring Asset Management (C.I.) Limited Baring International Fund Managers (Ireland) Ltd. Baring Investment Services Inc. Baring Mutual Fund Management S.A. European and Asian Fund Management S.A. Baring Investment Management Ltd. Baring Quantative Management Ltd. Baring Global Fund Managers Limited Baring Private Asset Management Ltd. Baring Fund Managers Limited Baring Managed Funds Services Ltd. Baring Private Investment Management Ltd. Baring Trust Company Ltd. Baring Trustees (Guernsey) Limited Arnold Limited International Metal Trading Limited Barings (Isle of Man) Limited Control Management Limited Doyle Administration Limited International Metal Trading Limited ING Trust (Jersey) Ltd Saline Nominees Limited Truchot Limited Vivian Limited Barings (Guernsey) Limited Barfield Nominees Limited Barings Ireland Limited Guernsey International Fund Managers Limited Arnold Limited International Metal Trading Limited Control Management Limited Doyle Administration Limited International Metal Trading Limited International Fund Managers (Ireland) Ltd. International Securitisation Managers (Ireland) Ltd Saline Nominees Limited Truchot Limited Vivian Limited International Fund Managers UK Ltd. Ravensbourne Registration Services Ltd. Barings Investment Services Limited Baring Brothers Holdings Limited Baring (U.S.) Holdings Limited Abbotstone Investment Company Limited Baring Brothers Limited Baring Brothers (Finance) Limited Baring Brothers Argentina S.A. Baring Brothers International Limited Barings C.F. Holdings Limited B.B.A.H. Pty Limited Baring Brothers Burrows & Co. Limited Baring Brothers Burrows Securities Limited SAIPH Pty Limited BBHP Pty Limited Baring Brothers (Deutschland) GMBH Baring Brothers International GMBH Baring Brothers (Espana) S.A. Barings Brothers (Italia) SRL Baring Properties (London Wall) Limited Baring Properties Limited Outwich Finance Limited Outwich Limited Baring Warrants PLC Barings France S.A. Barings Nominees Limited Bishopscourt Holdings Limited Bishipscourt Leasing (Holdings) Limited Bishopscourt Asset Leasing Limited Bishopscourt Equipment Leasing Limited Bishopscourt Industrial Finance Limited Bishopscourt Limited Bishopscourt Securities Limited BVC Nominees Limited Cotton Nominees Limited ING Baring International Advisers Limited ING Baring Services (Eastern Europe) Limited ING Baring Services Limited The Mortgage Acceptance Corporation (Holdings) Limited The Mortgage Acceptance Corporation Limited Yealme Securities Limited ING Baring Financial Products ING Baring Securities Holdings Limited ING Baring Securities Limited ING Baring Securities (Andean Pact) Ltda ING Barings Peru S.A. ING Baring Securities Services Limited Baring Securities (Property Services) Ltd BS Property Services (Japan) Limited ING Baring Data Limited INGB Dormant Holding Company Limited Baring Securities (London) Limited Baring Securities (OTC Options) Limited ING Baring Management Services PTE Ltd ING Baring Research Limited ING Baring Securities (Overseas) Ltd. ING Baring Securities Management Services (Hong Kong) Ltd Maketravel Limited INGB Securities (International) Holdings Limited Baring Securities (Financial Services) Limited Barsec (International) Limited Baring Nominees (Australia) Pty Ltd Baring Research S.A. De C.V. Baring Securities (Australia) Limited Baring Securities (France) S.A. Baring Securities Pakistan (Private) Limited Barings Mauritius Limited ING Barings India Private Limited ING Baring Securities (India) Pvt. Ltd. Celtec Holdings S.A. ING Baring Corretora De Valores Mobiliarios S.A. Corinvest Limited Epcorp Limited Galax Limited Dropny B.V. ING Baring Chile Limitada ING Baring International PTE Ltd ING Baring Operational Services (Taiwan) Limited ING Baring Securities (Andean Pact) Ltda ING Baring Securities (Hong Kong) Ltd ING Baring Far East Nominees Limited ING Baring Securities (Philippines) Inc. ING Baring Securities (Singapore) PTE Ltd ING Baring Nominees (Singapore) PTE Ltd ING Baring Research (Malaysia) SDN. Bhd. ING Baring Securities (Taiwan) Limited (SICE) ING Baring Securities, Argentina S.A. ING Baring South Africa Limited ING Barings Southern Africa (Proprietary) Ltd Anodyne Nominees (Proprietary) Limited ING Barings Peru S.A. ING Futures & Options (Hong Kong) Limited ING UK Capital Limited Lokmaipattana Co. Limited PT ING Baring Securities Indonesia INGB Securities Client Services Limited Aliwall Limited Barings Securities Nominees Limited Brunera Limited Cereus Limited Dianthus Limited Eranthis Limited Francoa Limited Grassmere Limited Leacroft Limited Mountbatten Limited ING Baring Securities (Japan) Limited ING Baring Securities (Thailand) Limited ING Baring Investment (Eurasia) Zao ING Baring Securities (Hungary) Rt. ING Baring Securities (Poland) Holding B.V. ING Baring Securities (Romania) S.A. ING Baring Securities (Slovakia), S.R.O. Proctor & Gamble S.R.O. ING Barings Ecuador Casa De Valores S.A. ING BSK Asset Management S.A. ING Capital Markets (Hong Kong) Limited ING Compania De Inversiones Y Servicios Limitada Bolsa Electronica De Chile, Bolsa De Valores S.A. CISL Aruba A.E.C. ING Consultants Co., Ltd. ING Derivatives (London) Limited Belgian Futures & Options Exchange London Clearing House Limited Liffe (Holdings) PLC The International Petroleum Exchange of London Limited ING Empreendimentos E Participacaos Ltda. Guilder Corretora De Valores Mobiliarios S/A ING Guilder Distribuidora De Titulos E Valores Mobiliarios S/A ING Investment Management Ltda. ING Servicos Ltda. ING Finance (Ireland) Ltd ING Forex Corporation ING Futures & Options (Singapore) PTE Ltd ING Inversiones, Ltda. Corporacion Financiera ING (Colombia) S.A. ING Investment Management Holdings (Antilles) N.V. ING Lease Holding N.V. CW Lease Belgium NV CW Finance N.V. CW Lease Luxembourg S.A. Dealer Lease Service Belgium N.V. CW Lease Nederland BV Autolease OSS B.V. CW Finance N.V. CW Lease Belgium NV CW Finance N.V. CW Lease Luxembourg S.A. Dealer Lease Service Belgium N.V. CW Lease France S.N.C. CW Lease Luxembourg S.A. Dealer Lease Service Belgium N.V. Gothia Estate II B.V. Westment II B.V. International Driver Service B.V. Schade Herstel Bedrijf B.V. ING Aircraft Lease B.V. Fokker Brasil B.V. ING Lease (Belgium) N.V. Real Estate Lease SPC 1 N.V. Savin Lease N.V. ING Lease (Espana) EFC, SA ING Lease (France) S.A. ING Lease (France) S.N.C. ING Lease (Italia) SPA ING Lease (Nederland) B.V. Blauwe IRM B.V. Graphic Lease B.V. Groen Lease B.V. GIL 1997 (Windkracht) B.V. ING Lease Vastgoed B.V. Newco-One Corp. Ship Lease International B.V. ZIL '96 B.V. ING Lease (Polska) ING Lease Holding (Deutschland) GMBH CW Lease Deutschland GMBH CW Lease Berlin GMBH ING Lease Deutschland GMBH IFSC Beteiligungsgesellschaft GMBH ING Lease (Berlin) GMBH ING Lease Kran und Schwertransport GMBH ING Leasing Besitzgesellschaft MBH ING Leasing Geschaeftsfuhrungsgesellschaft MBH ING Leasing Gesellschaft Fur Beteiligungen MBH ING Leasing GMBH & Co. Golf KG ING Leasing GMBH & Co. Juliett KG ING Leasing Treuhandsgeselschaft GMBH ING Leasing Verwaltungsgesellschaft GMBH Uta Finanz und Leasing GMBH ING Lease Holdings (UK) Limited CW Lease UK Ltd CW Finance Ltd. Leasing Principals Limited ING Lease (UK) Limited ING Farm Finance Limited ING Farm Finance (June) Limited ING Farm Finance (March) Limited ING Farm Finance (September) Limited ING Lease (UK) Nine Limited ING Lease (UK) Six Limited ING Lease (UK) Three Limited MKL Rentals Limited ING Lease Interfinance B.V. CW Lease France S.N.C. ING Lease (Italia) SPA Real Estate Lease SPC 1 N.V. Runoto Belgium N.V. Diamond Lease ING Lease International Equipment Finance B.V. ING Aviation Lease B.V. Air Finance Holland B.V. Aviation Service Holland B.V. ING Lease (Far East 2) B.V. ING Lease (Far East) N.V. ING Lease (Ireland) B.V. ING Lease (France) S.N.C. ING Lease Structured Finance B.V. Esbelto B.V. Green Assets B.V. Hirando B.V. Hokabe Lease B.V. ING Bank Geldmarkt Fonds Beheer B.V. ING Lease Milieu B.V. Quadralock 2 B.V. SFING Europe B.V. Tropelia B.V. Virgula B.V. ING Lease International Equipment Management B.V. Air Finance Amsterdam B.V. Air Holland Leasing II B.V. ING (Holland Aircraft Lease) B.V. ING Lease Aircraft B.V. ING Lease Delaware, Inc. Noord Lease B.V. Postbank-Lease B.V. Renting De Equipos E Inmuebles SA Runoto Leasing BV Runoto Belgium N.V. Diamond Lease ING Mercantile Mutual Bank Limited ING Merchant Bank (Singapore) Limited Export Credit Insurance Corporation of Singapore Ltd ING Asset Management (Singapore) Ltd ING Nominees (Singapore) PTE Ltd ING Participation Dalrybbank B.V. ING Private Banking Beheer B.V. ING Bank Vastgoed Management B.V. ING Securities (Eurasia) Zao ING Servicios, C.A. ING Sociedad De Bolsa (Argentina), S.A. Mercado De Valores De Buenos Aires S.A. ING Sviluppo Sim S.P.A. ING Trust B.V. Ingress N.V. ING Management (Hong Kong) Ltd ING Nominees (Hong Kong) Ltd ING Trust (Antilles) NV Formid Management N.V. ING (Antilles) Portfolio Management N.V. Monna NV Jet NV Simbad N.V. ING Trust (Aruba) N.V. ING Trust (BVI) Ltd. ING Trust (Luxembourg) S.A. ING Trust (Nederland) B.V. ING Bank (Eurasia) ING Bank (Luxembourg) S.A. CMF Advisory S.A.H. Euromix Advisory S.A.H. ING Bank Luxfund Management S.A. ING International Advisory S.A.H. ING International II Advisory S.A.H. ING Baring Securities (Romania) S.A. ING Holdings Empreendimentos Participacao Ltda. Guilder Corretora De Valores Mobiliarios S/A Management Services ING Bank B.V. ING Bank (Eurasia) ING Baring Investment (Eurasia) Zao ING Securities (Eurasia) Zao Muteka BV ING Trust (Suisse) AG Trust Maatschappij ING Bank B.V. Anorga B.V. Corpovea B.V. N.V. Balmore Vastgoed U.S.A. Den Hamer Beheer B.V. Diagonac B.V. Henry F. Holding B.V. ING Aconto N.V. N.V. Balmore Vastgoed U.S.A. Mijcene B.V. Vitigudino B.V. N.V. Balmore Vastgoed U.S.A. N.V. Balmore Vastgoed U.S.A. Paramito B.V. Rescit I BV Storeria B.V. Tuvor B.V. Vitigudino B.V. N.V. Balmore Vastgoed U.S.A. Vitigudino B.V. N.V. Balmore Vastgoed U.S.A. Westward Capital II B.V. ING Valores (Venezuela) C.A. ING Vastgoed B B.V. ING Real Estate (BHS) B.V. ING Real Estate International Development B.V. Holland Park Sp. Zoo ING Real Estate Iberica SL ING Real Estate International Development (Liege) B.V. ING Real Estate Sp. Zoo ING Real Estate Vasco Da Gama B.V. London & Amsterdam Properties Ltd London and Amsterdam Development Ltd. London & Amsterdam Properties Ltd MBO Camargo SA Inmolor SA MBO La Farga SA Hospitalet Center, SL MBO Morisson Ltd Warsaw I B.V. 1300 Connecticut Avenue Joint Venture Ltd ING Real Estate International Investment II B.V. ING Real Estate International Investment III B.V. ING Vastgoed Financiering N.V. Bedrijfsgebouw MBO - Riho C.V. Groeneveld MBO C.V. M.B.O. Vastgoed Lease B.V. Lindenburgh C.V. Maria Hove C.V. MBO Brova C.V. MBO North America Finance B.V. Residential Financial Development LLC ING Vastgoed Fondsen B.V. Winkelfonds Nederland Management B.V. ING Vastgoed Ontwikkeling B.V. Amsterdamse Poort Holding IV B.V. Amsterdamse Poort IV B.V. Grondpoort IV B.V. Amsterdamse Poort II B.V. BV Bedrijvenpark G.P. CV Bedrijvenpark G.P. Grondpoort II B.V. Gulogulo B.V. Antibes Holding B.V. ING Vastgoed Arena B.V. Muller Bouwparticipatie B.V. V.O.F. Winkelcentrum Markt Noorderpromenade Drachten MBO - Ruijters B.V. Holding 'T Loon B.V. Vastgoed 'T Loon B.V. Wolfstreet Holding B.V. Wolfstreet B.V. Wolfstreet Grond B.V. MBO Brinkstraat Holding B.V. MBO Brinkstraat B.V. MBO Brinkstraat Grond B.V. MBO Catharijnesingel Holding B.V. MBO Catharijnesingel B.V. MBO Catharijnesingel Grond B.V. MBO De Centrale Holding B.V. MBO De Centrale B.V. MBO De Centrale Grond B.V. MBO Dommelstaete Holding B.V. MBO Dommestaete B.V. MBO Emmasingel Holding B.V. MBO Emmasingel B.V. MBO Emmasingel Grond B.V. MBO Guyotplein Holding B.V. MBO Guyotplein B.V. MBO Guyotplein Grond B.V. MBO Kousteensedijk Holding B.V. MBO Kousteensedijk B.V. MBO Kousteensedijk Grond B.V. MBO Kruseman Van Eltenweg Holding B.V. MBO Kruseman Van Eltenweg B.V. MBO Kruseman Van Eltenweg Grond B.V. MBO Marienburg B.V. Marienburg V.O.F. MBO Martinetsingel Holding B.V. MBO Martinetsingel B.V. MBO Martinetsingel Grond B.V. MBO Oranjerie Holding B.V. MBO Oranjerie B.V. MBO Oranjerie Grond B.V. MBO Pleintoren Holding b.V. MBO Pleintoren BV MBO Pleintoren Grond BV MBO Via Catarina B.V. Via Catarina "Empredimentos Imobiliarios" SA MBO Walburg Holding B.V. MBO Walburg B.V. MBO Walburg Grond B.V. MBO Willem II Singel Holding B.V. MBO Willem II Singel B.V. MBO Willem II Singel Grond B.V. Q-Park Bovenmaas I B.V. Q-Park N.V. Q-Park Nederland B.V. Q-Park Exploitatie B.V. Q-Park De Bijenkorf B.V. Q-Park Beheer B.V. Q-Park Brabant B.V. Q-Park Reserve I B.V. Q-Park Byzantium B.V. Q-Park City Holding B.V. Q-Park City B.V. Q-Park Schouwburg B.V. Q-Park De Klomp B.V. Q-Park Raadhuis B.V. Q-Park Reserve II B.V. Stadsherstel Historisch Rotterdam N.V. Supermarkt Krouwel B.V. V.O.F. Winkelcentrum Markt Noorderpromenade Drachten Vastgoed De Brink Holding B.V. Vastgoed De Brink B.V. Wilhelminahof MBO B.V. Zuidplein Beheer BV ING Verwaltung (Deutschland) GMBH A.G. Allgemeine Deutsche Direktbank AG BNL Beteiligungsgeselschaft Neue Laender GMBH & Co. KG Liquiditats-Konsortialbank GMBH ING-North East Asia Bank INIB N.V. Locura Belegging B.V. Luteola B.V. Melifluo B.V. Middenbank Curacao N.V. Advisory Company Luxembourg Altasec N.V. Corporacion Financiera ING (Colombia) S.A. Aralco N.V. Atlas Venture Fund I, L.P. Banco Latino-Americano De Exportaciones S.A. Cayman Islands Funds N.V. Corporacion Financiera ING (Colombia) S.A. Datasegur S.R.L. Fiseco N.V. Granity Shipping N.V. Institucion Financiera Externa Middenbank Curacao N.V. (Uruguay) ING Bank (Chile) S.A. Edibank S.A. Sociedad Interbancaria De Depositor De Valores S.A. ING Barings Ecuador Casa De Valores S.A. ING Compania De Inversiones Y Servicios Limitada Bolsa Electronica De Chile, Bolsa De Valores S.A. CISL Aruba A.E.C. ING Inversiones, Ltda. Corporacion Financiera ING (Colombia) S.A. ING Sociedad De Bolsa (Argentina), S.A. Mercado De Valores De Buenos Aires S.A. Kamadora Investments N.V. Corporacion Financiera ING (Colombia) S.A. Lerac Investment S.A. Red Rose Investments N.V. Unilarse Zermatt N.V. Miopia B.V. Multiaccess B.V. MKB Adviseurs B.V. MKB Card B.V. MKB Investments BV De Springelberg B.V. Het Dijkhuis B.V. Palino B.V. Tiberia B.V. MKB Punt B.V. Business Compass Holding B.V. N.V. Instituut Voor Ziekenhuisfinanciering Nationale-Nederlanden Financiele Diensten B.V. B.V. Financieringsmaatschappij Vola B.V. Kredietmaatschappij Vola Dealer Cash Plan B.V. Cash Plan B.V. Finantel B.V. Sentax Assurantie B.V. G. J. Van Geet Beheer B.V. Alegro Krediet B.V. Gelderse Discount Maatschappij B.V. Sentax Beheer B.V. Finam Krediet B.V. Sentax Lease B.V. Vola Geldleningen B.V. Nederlandse Bouwbank N.V. Nederlandse Financieringsmaatschappij Voor Ontwikkelingslanden N.V. Nedermex Limited N.V. Netherlands Caribbean Bank N.V. Nethworks Integrated Project Consultancy B.V. Nofegol Beheer B.V. NCM Holding N.V. NMB Equity Participaitons N.V. NMB-Heller Holding N.V. Handlowy-Heller SA Heller GMBH Heller Bank A.G. International Credit Service S.A.S. Heller Finanz GMBH Info-Und Beratungsunternehmen GMBH NMB-Heller Ltd. NMB-Heller N.V. Agpo Participatiemaatschappij B.V. Felix Tigris B.V. Inter Credit B.V. International Credit Service S.A.S. International Credit Service S.A.S. NMB-Heller Zweigniederlassung Neuss Zamenbrink B.V. Zamenterp B.V. OB Heller AS Okalia N.V. Olivacea B.V. Ontwikkelingsmaatschappij Noordrand B.V. Orcinus B.V. Oscar Smit's Bank N.V. Bouwmaatschappij Mecklenburgplein B.V. Kenau B.V. P.T. ING Indonesia Bank Parmola B.V. Paronyme B.V. Pendola B.V. Perotis B.V. Policy Extra Holdings Limited Postbank N.V. Amsterdam Exchanges N.V. Interpartes Incasso B.V. Postbank Aandelenfonds N.V. Postbank Beleggingsfonds N.V. Postbank Beleggingsfondsen Beheer B.V.. Postbank Beleggingsfondsen Bewaar B.V. Postbank Chipper Beheer B.V. Postbank Euro Aandelen Fonds N.V. Postbank Groen N.V. Postbank I.T. Fonds N.V. Postbank Interfinance B.V. Postbank Nederlandfonds N.V. Postbank Obligatie Fonds N.V. Postbank Obligatiefonds Beheer B.V. Postbank Vastgoedfonds N.V. Postbank Vermogensgroeifonds N.V. Postbank Wereldmerkenfonds N.V. Postkantoren B.V. Prena Belegging B.V. T Oye Deventer B.V. A. Van Der Molen Herenmode B.V. A. Van Der Pol Beleggingsmaatschappij Amsterdam B.V. A. Van Venrooy Beleggingen B.V. A. Van Weringh Beleggingen B.V. A.C.M. Nienhuis Houdstermaatschappij B.V. B.V. Raadgevend Bureau Nienhuis Consultans A.H. Blok Holding B.V. A.H.M. Habets Beheer B.V. A.J. Vos Makelaardij Onroerende Goederen B.V. Abades B.V. Abrocoma B.V. Ad Barnhard Holding B.V. Albranis B.V. Almenzor B.V. Altimira B.V. Ambito N.V. Aralar B.V. Atitlan B.V. B.V. Beheersmaatschappij Nuyt En Heikens B.V. Odripi B.V. Varen ABC B.V. Vulca Beleggingsmaatschappij Barbatus B.V. Barbuda B.V. Bebida B.V. Beheermaatschappij Van Der Reijnst B.V. Beheermaatschappij Van Het Beleggingsfonds Van De 7 B.V. Beheermaatschappij Darius B.V. Beheermaatschappij Stouwe B.V. Beheermaatschappij Van Putten B.V. Beheersmaatschappij Elma Schrijen B.V. Beheersmaatschappij K.G. Tjia B.V. Beheersmaatschappij Luco Zuidlaren B.V. Beheersmij A.J. Konst B.V. Belagua B.V. Bergara B.V. Bermillio B.V. Betulina B.V. Bidasoa B.V. Biporus B.V. Blarina B.V. Brasas B.V. Bravura B.V. Bremer-Van Mierlo Belegginsgmaatschappij B.V. Bustia B.V. C. J. Buyzen Beheer B.V. C. J. H. - En J. J. Heimeriks Holding B.V. Calando Belegging B.V. Camilo B.V. Castroverde B.V. Catoneria B.V. Cermanita B.V. Cicania B.V. Clacri B.V. Colocar B.V. OCB Beheer B.V. Concolor B.V. Cortada B.V. Cotranco B.V. Crescentes Prins B.V. Cumbras B.V. Cupula B.V. D'Eijk B.V. De Groninger Lederwaren Industrie B.V. Delta Nederland Beheer B.V. Dorsalis B.V. Dr. De Grood Beheer B.V. DKP Beheer B.V. Dick Kooiman Publication/Productions B.V. DSBV-Enserink B.V. DSBV-Ploeger B.V. E. Romar Beheer B.V. Omnium B.V. Empluma B.V. Entorno B.V. Epic Investments B.V. Ernsatus B.V. Esvice B.V. Exel Beheer B.V. Exploitatie En Beleggingsmaatschappij Alja Eindhoven B.V. F. R. Hoffschlag Beleggingen B.V. Familiale Investerings Maatschappij F.I.M. Farlita B.V. Flantua Beheer B.V. Fregenda B.V. Funjob Investments B.V. G. Laterveer Beheer B.V. Garlito B.V. Gebrema Beheer B.V. Gekrabeheer B.V. Germs Beleggingen B.V. Glabana B.V. Golpejas B.V. H. Van Duinen Beheer B.V. H. Mekenkamp Holding B.V. Mekenkamp Beheer B.V. H. Weterings Holding B.V. H. D. En L.B. Meijer Beheer B.V. H. G. Van Der Most Beheer B.V. Handelsonderneming E. Spee B.V. Hepec Beheer B.V. Hilschip BV Hispidus B.V. Hof En Frieling Beheer B.V. Hof & Frieling Onroerend Goed B.V. Holding Hoveling Beheer B.v. Holding J.W.G. Huijbregts B.V. Holding Schildersbedrijf West-Friesland B.V. Holding Schuiling B.V. Holding Th. A. Wellink B.V. Hotel-Restaurant Boerhave B.V. Huaco B.V. Humada B.V. Ignaro B.V. Imbricata B.V. Incoloro B.V. Indonea B.V. Allshoes Schoengroothandel B.V. ING Bank Spaardividend Fonds Beheer B.V. J & A Holding B.V. J. B. Van Den Brink Beleggingsmaatschappij B.V. J. G. Mekenkamp Holding B.V. Mekenkamp Beheer B.V. J. H. Moes Holding B.V. J. P. Korenwinder Beheer B.V. J. W. Th. M. Kohlen Beheer B.V. Jemaas Beheer B.V. Jongert Beheer B.V. K & M Beheer B.V. Kalliope B.V. Bacolac B.V. Kapellenberg B.V. Kijkgroep B.V. Koehorst Promotion Beheer B.V. KBM Maarssen B.V. L. Martens Beheer B.V. La Douce Vie Network B.V. Lagotis B.V. Larino B.V. Latourette B.V. Leaver B.V. Ledanca B.V. Lektura Tiel Beheer B.V. Licorera B.V. Liecene B.V. Lin Beheer B.V. Lomajoma Holdings B.V. Lorkendreef Beheer N.V. Lustroso B.V. M. B. Van Der Vlerk B.V. Madrigal B.V. Marres B.V. Masegoso B.V. Matthew Holding B.V. Mazairac Belegging B.V. Minnaar Holding B.V. Mirabilis B.V. Molenwiede B.V. Muguet B.V. Multicover B.V. Pulido B.V. Mustang B.V. Olseria B.V. Arend Broekhuis B.V. P. Nienhuis Houdstermaatschappij P. J. Heinrici Beheer B.V. Pastrana B.V. Pedralva B.V. Pemac B.V. Penuria B.V. Perola Belegging B.V. Pertusa B.V. Peter Trompalphen Aan Den Rijn Beheer B.V. Phobos Beleggingen Pinicola B.V. Pluijmen Holding B.V. Portelas B.V. Postigo B.V. Prestamo B.V. Pruis Elburg Beheer B.V. Puebla B.V. Pulido B.V. Rayhold Management En Deelneming B.V. Rescoldo B.V. Ressel B.v. Retrasos B.V. Rodeba Deurne B.v. Roelcene B.V. Rowanda B.V. Rudlolf & Peter Herenmode En Confectie B.V. Sabra Holding B.V. Valpacos B.V. Sacobel Beheer B.V. Schnieders Beheer B.V. Simonis Beheer B.V. Simonis Beleggingsmaatschappij B.V. Sipororo B.V. Spaleta B.V. Spatgens Beheer B.V. Stampida B.V. Stamveld B.V. Steendam Beleggingsmaatschappij Drachten B.V. Storm Beheer B.V. Beheermaatschappij Baarlo B.V. Strokkur B.V. Sunrise Investments B.V. Sustento B.V. Svalbard Beheer B.V. T. A. Lie Beheer B.V. T. M. D. Beheer B.V. Beheermaatschappij Baarlo B.V. Tadavia B.V. Beleggings - En Beheer Maatschappij Solina B.V. Refina B.V. Talboom Beheer B.V. Tapirus B.V. Tarsius B.V. Technisch Advies Bureau Jaba B.V. Ter Linden En Heijer Holding B.V. Tessara Zaanlandia B.V. Thecoar B.V. Theo Kentie Holding B.V. Theo Kentie Design B.V. Traslado B.V. Trasgo B.V. Treetop B.V. Trituris B.V. Truckstar Holding B.V. Tucupido B.V. Tricor B.V. U. Ringsma Beheer B.V. Unitres Holding B.V. Vaanhold & Van Zon Holding B.V. Van Den Heuvel Beheer B.V. Van Loon Beheer B.V. Van Roij Holding B.V. Van Zwamen Holding B.V. Vebe Olst B.V. Vegem Beheer B.V. Venidero B.V. Vette Consultants B.V. Vicar B.V. Vidriales B.V. W. Van Den Berg B.V. W. N. Van Twist Holding B.V. Wabemij B.V. Wiancini B.V. Rentista B.V. Reoco Limited Rutilus B.V. RL & T (International) N.V. Securo De Depositos S.A. Siam City Asset Management Co., Ltd Slivast B.V. Societe Financiere Du Libans. A.L. Society for Worldwide Interbank Financial Telecommunication S.C. Stichting Administratiekantoor ING Bank Global Custody Tablero B.V. Tolinea B.V. Tripudio B.V. Tunnel Onder De Noord B.V. C. V. Exploitatiemaatschappij Tunnel Onder De Noord Unidanmark A/S Verenigde Bankbedrijven N. V. Westland Utrecht Hypotheekbank N.V. Amstgeld Management AG Amstgeld N.V. Amstgeld Trust AG Bouw En Exploitatiemaatschappij Deska XXIII B.V. Charterhouse Vermogensbeheer B.V. Hypothecair Belang Gaasperdam I N.V. Assorti Beheer Amsterdam B.V. Muidergracht Onroerend Goed B.V. Amstel Gaasperdam B. V. Bouw-, Exploitatie En Administratie Maatschappij Amer IV B.V. N.V. Zeker Vast Gaasperdam Rijn Gaasperdam B.V. Juza Onroerend Goed B.V. Hazo Immobilia B.V. Kort Ambacht Maatschappij Tot Exploitatie Van Onroerende Goederen B.V. Utrechtse Financierings Bank N.V. Utrechtse Hypotheekbank N.V. Algemeene Waarborgmaatschappij N.V. Hypotheekbank Voor Nederland II N.V. Hypotheekbank Voor Nederland N.V. Standard Hypotheekbank N.V. ING Bank Hypotheken N.V. Nationale Hypotheekbank N.V. Hollandsche Hypotheekbank N.V. Zuid Nederlandsche Hypotheekbank N.V. Vermogensplanning N.B.I. B.V. W.U.H. Finanz A.G. Westland/Utrecht Leasing B.V. Berchem Onroerend Goed B.V. Berkelse Poort B.V. Beuke Poort B.V. Brasemer Poort B.V. Bruine Poort B.V. Denne Poort B.V. Doetichem Immobilia B.V. Dommelse Poort B.V. Drechtse Poort B.V. Eike Poort B.V. Esse Poort B.V. Frabu Immobilia B.V. Friese Poort B.V. Gelderse Poort B.V. Gele Poort B.V. Grijze Poort B.V. Groninger Poort B.V. Helo Immobilia B.V. Holendrecht Gemeenschappelijk Beheer B.V. Holendrecht Parking B.V. Hollandse Poort B.V. Iepe Poort B.V. Kager Poort B.V. Kilse Poort B.V. Lekse Poort B.V. Limburgse Waterpoort B.V. Lingese Poort B.V. Markse Poort B.V. Oranje Poort B.V. Paarse Poort B.V. Reggese Poort B.V. Roerse Poort B.V. Schepa Immobilia B.V. Sparre Poort B.V. Spoolde B.V. Spuise Poort B.V. Thames Poort B.V. Utrechtse Poort B.V. Vechtse Poort B.V. Vliestse Poort B.V. Westland/Utrecht Bouwonderneming Wubo VI B.V. Westland/Utrecht Bouwonderonderneming Wubo IV B.V. Wilge Poort B.V. Zeeuwse Poort B.V. Westland/Utrecht Verzekeringen B.V. Westlandsche Hypotheekbank N.V. Algemeene Hypotheekbank N.V. Hypotheekbank Maatschappij Voor Hypothecaire Crediet N.V. Groningsche Hypotheekbank N.V. Vaderlandsche Hypotheekbank N.V. Zeeuwsche Hypotheekbank N.V. Zuid-Hollandsche Hypotheekbank N.V. Zugut B.V. ING Verzekeringen N.V. ING Insurance International B.V. Nationale-Nederlanden Intervest II B.V. ING North America Real Estate Holdings Inc. ING Financial Services International (Asia) Ltd. Nationale-Nederlanden Intervest XIII B.V. Nationale-Nederlanden Intertrust B.V. N.N. US Realty Corp B.V. Nederlandsche Flatbouwmaatschappij NN Korea ING Continental Europe Holdings B.V. De Vaderlandsche N.V. Nationale Omnium N.V. De Vaderlandsche Spaarbank N.V. RVS Financial Services N.V. Fiducre N.V. Sodefina S.A. SA De Vaderlandsche Luxemburg Immo "De Hertoghe" NV Westland/Utrecht Hypotheekmaatschappij N.V. Intermediair Services N.V. RVS Verzekeringen N.V. Gefinac N.V. Proodos General Insurances S.A. NN Mutual Fund Management Co. The Seven Provinces International B.V. Nationale-Nederlanden Magyarorszagi Biztosito Rt NN Mutual Fund Services and Consulting Ltd. ING Management Services s.r.o. Prumy Penzijni fond a.s. Nationale-Nederlanden Polska S.A. Nationale-Nederlanden Poist'ovna S.A. ING Management Services Slovensko spol s.r.o. Nationale-Nederlanden Agencia de Valores S.A. NN Romania Asigurari de Viata S.A. Sviluppo Finanziaria ING Investment Management Italy NN Vida Compania de Seguros y Raeseguros S.A. NN Generales Compania e Seguros y Raeseguros Nationale-Nederlanden Pojistovna ING Latin American Holdings ING Insurance Chile Holdings Limitada ING Seguros de Vida S.A. NNOFIC Nationale-Nederlanden (UK) Ltd. NN (UK General) Ltd. The Orion Insurance ING Australia Limited Mercantile Mutual Holdings Ltd. Mercantile Mutual Funds Management Mercantile Mutual Global Ltd. Athelas Mercantile Mutual Insurance (Australia) Ltd. M.A.F.G. Ltd. Mercantile Equities Ltd. Greater Pacific (Leasing) Ltd. Amfas Australia Pty Ltd. Australian General Insurance Co. Ltd. "The Seven Provinces" Insurance Underwriters MM Investment Management Ltd. The Mercantile Mutual Life Insurance Co. Ltd. MML Properties Pty Ltd. Mercantile Mutual Deposits Ltd. Union Investment Co. Ltd. Mercantile Mutual Securities Ltd. Tazak Pty Ltd. Mercantile Mutual Custodians Pty. Ltd. Mercantile Mutual Casualty Insurance Ltd. Australian Brokers Holdings Ltd. Australian Brokers Ltd. Australian Community Insurance Ltd. Mercantile Mutual Insurance (Workers Compensation) Ltd. Mercantile Mutual Insurance (N.S.W. Workers Compensation) Ltd. Prosafe Investments Ltd. Dinafore Pty Ltd. Tongkang Pty Ltd. MM Investment Management ING Canada Holdings Inc. AFP Financial Services ING Canada Inc. The Halifax Insurance Company Western Union Insurance Company Wellington Insurance Company La Compagnie d'Assurances Belair The Commerce Group Insurance La Compagnie d'Assurances NN Life Insurance Company of Canada NN Funds Limited NN Capital Management NN Maple Leaf ING America Insurance Holdings Inc. Lion Connecticut Holdings, Inc. Imperial Fire-Marine Re-Insurance Company Limited Aetna Retirement Services, Inc. Aetna Retirement Holdings, Inc. Aetna Trust Company FSB Aetna Services Holdling Company, Inc. Systematized Benefits Administrators, Inc. Aetna Retail Holding Company, Inc. Aetna Financial Services, Inc. Aetna Insurance Agency Holding Company, Inc. Aetna Insurance Agency, Inc. Aetna Insurance Agency of Ohio, Inc.(a) Aetna Insurance Agency of Massachusetts, Inc. Aetna Insurance Agency of Alabama, Inc. FNI International, Inc. Financial Network Investment Corporation Financial Network Investment Corporation of Hawaii FN Insurance Agency of Massachusetts, Inc. FN Insurance Services, Inc. FN Insurance Services of Alabama, Inc. FN Insurance Services of Nevada, Inc. Financial Network Investment Corporation of Kauai, Inc. FN Insurance Agency, Kansas, Inc. FN Insurance Agency, New Jersey, Inc. FN Insurance Services HI, Inc. Financial Network Investment Corporation, Honolulu, Inc. Financial Network Investment Corporation, Puerto Rico, Inc. Aetna Life Insurance and Annnuity Company Aetna Insurance Company of America Aetna Variable Encore Fund Aetna Variable Fund Aetna Income Shares - -------------------- (a) Non-voting interest Aetna New Series Fund, Inc.(b) Aetna Series Fund Aetna Generation Portfolios, Inc. Portfolio Partners, Inc.(c) Aetna GET Fund Aetna Variable Portfolio, Inc. Aetna Balanced VP, Inc. Aetna Investment Services, LLC Aetna Investment Adviser Holding Company, Inc. Aeltus Investment Management, Inc. Aetna Investment Management (bermuda) Holdings Lilmited China Dynamic Investment Management (Hong Kong) Limited Aeltus Trust Company Aeltus Capital, Inc. Elijah Asset Management, Limited Liability Company Aetna International, Inc. Aetna Life Insurance Company of America Aetna Heart Investment Holdings Limited Aetna Heart Co., Ltd. (Taiwan) Aetna South Life Agency Co., Ltd. (Taiwan) Aetna Life Insurance Agency Co. (Taiwan) Huei Hong Securities Co., Ltd. (Taiwan) Aetna Heart Publishing Company Ltd. Aetna Sinopac Credit Card Company Limited P.T. Aetna Life Indonesia The Aetna Heiwa Life Insurance Company Limited (Japan)(d) Aetna Confirmation Service Co. (Japan) Helwa Information Conter Aetna Premium Collection Co. (Japan)(e) Aetna Leasing Co. (Japan)(f) Aetna Capital Holdings, Inc. Pacific-Aetna Life Insurance Co., Ltd.(g) Aetna International Holdings (Hong Kong) I Limited Aetna Life Insurance Company (Bermuda) Limited East Asia Aetna Services Company Limited Strategic Investors Asia Ltd. Aetna International Fund Management, Inc. Aetna Information Technology (Guanghzou) Limited AII 1, L.L.C AII 2, L.L.C AII 3, L.L.C AII 4, L.L.C Aetna Argentina S.A. Aetna Salud S.A. Assistencia Medica Social Argentina S.A. Aetna Vida S.A. ALIAC Holdings, Inc. Seguradora East Asia Aetna Macau S.A.R. L. (Macau) Aetna International Holdings (Hong Kong) II Limited Daya Aetna (Malaysia) SDN, BHD. - -------------------- (b) Aetna Life Insurance Company owns 1% of Aetna Series Fund, Inc. (c) Aetna Insurance Company of America owns 3% of Portfolio Partners, Inc. (d) Aetna Premium collection Co. owns 7.5% of this entity. (e) The Aetna Heiwa Life Insurance Company Limited owns 10% of this entity (f) Aetna Premium Collection Co. owns 35% of this entity, Heiwa Information Center owns 35% of this entity. (g) Aetna Life Insurance Company owns 1% of Pacific-Aetna Life Insurance Co., Ltd. Genesis Healthcare SDN, BHD Aetna Universal Insurance Berhad Aetna S.A. Aetna Chile Seguros Generales S.A. Aetna Administradora de Fondos de Inversion S.A. Aetna Chile Seguros de Vida S.A. Aetna Pensiones S.A. Administradora de Fondos de Pensiones Santa Maria S.A. Santa Maria Internacional S.A. Aetna Pensiones Peru S.A. (Peru)(h) Administradora de Fondos de Pensiones Integra S.A. (Peru)(i) Aetna Credito Hipotecario, S.A. Inmobilaria Padre Mariano S.A.(j) Inmobilaria Inmarangatu S.A. Asesories Previdencia (Chile) Cruz-Blanca Isapre, S.A.(k) Aetna Salud S.A. Prosana S.A.(l) Inversiones Cali Limitada Inversiones Medellin Limitada Rio Madgalena Limitada Cruz Blanca EPS S.A. (Columbia) Laboratorio Bio Imagen Limitada (Columbia) Aetna International Peru S.A.(m) Wiese Aetna Compania de Seguros S.A. (Peru) Novasalud Peru S.A. Entidad Prestadora de Salud (Peru) Arcelia Limited(n) Aetna Life and Casualty International Finance N.V. Aetna (Netherlands) Holdings B.V. Sul America Aetna Seguros de Previdencia S.A. Sul America Aetna Companhia Nacional de Seguros e Previdencia (Brazil) Sul Sul America Servicos Medicos S.A. Sualet Servicios Medicos (Brazil) Brasilsaude Companhia de Segoros (Brazil) Clube Dos Executivos, S.A. Executivos S/A Administracao e Promocao de Seguros Executivos Corretorae Administradora de Seguros S/C LTDA Aetna Securiteis Investment Management (Taiwan)Ltd. AE Five Incorporated Aelan Inc. The Aetna Heiwa Life Insurance Company Limited Aetna MPF Limited(o) Aetna Investment Management (Taiwan) Limited Aetna (H.K.) Services Limited PLJ Holdings Limited Aetna Investment Management (F.E.) Limited Osatspa Insurance Co. Ltd. - -------------------- (h) Aetna S.A. Owns 34% of this company (i) Aetna Pensiones Peru S.A. owns 40% of this company (j) Aetna S.A. owns 1% of this company (k) Cruz Blanca Isapre also owns 25% of Health Group, S.A., which, in turn, holds interests in various Chilean health companies. Cruz Blanca Isapre also owns 25% of Cruz Blanca EPS (Columbia) (l) Cruz Blanca Isapre, S.A. owns 50% interest in this entity. (m) Aetna Chile Seguros de Vida S.A. and Aetna Chile Seguros Generales S.A. have combined ownership of 14% (n) Strategic Investors Asia Ltd. Owns 39% of Aetna Life Insurance Company (Bermuda) Ltd. (o) AII 1-4 L.L.C. holds a 50% interest in this company Osatspa Life Insurance Co., Ltd. Aetna Phillipine Ventures, Inc. Aetna Life Insurance Inc. (Philippines) Aetna Healthcare, Inc. (Phillipines) Aetna Trust Limited Ameribest Life Insurance Company CyberLink Development, Inc. Equitable of Iowa Companies, Inc. Directed Services, Inc. Equitable Life Insurance Company of Iowa USG Annuity & Life Company Equi-Select Series Trust Equitable of Iowa Companies Capital Trust Equitable of Iowa Companies Capital Trust II ING Funds Distributor, Inc. Golden American Life Insurance Company The GCG Trust First Golden American Life Insurance Company of New York ING Advisors Network, Inc. ING Insurance Agency, Inc. Investors Financial Group, Inc. Carnegie Financial Corporation Carnegie Securities Corporation IFG Brokerage Corp. IFG Insurance Agency of Oklahoma, Inc.(p) IFG Insurance Agency of Texas, Inc.(p) Compulife, Inc. Compulife Agency, Inc. IFG Advisory, Inc. IFG Advisory Services, Inc. National Alliance of Independent Portfolio Managers, Inc. IFG Agency of Ohio, Inc.(p) IFG Agency, Inc. IFG Insurance Agency of Massachusetts, Inc.(p) - -------------------- (p) Company owned by individual pursuant to state law. Shareholder agreement with parent company. IFG Insurance Services of Alabama, Inc.(p) IFG Network, Inc. IFG Services, Inc. Investors Financial Planning Inc. Compulife Investor Services, Inc. IFG Network Securities, Inc. Comprehensive Financial Services, Inc. Nanis Investment Services, LLC Pennington, Bass & Associates, Inc. Planned Investment Resources, Inc. Planned Investments, Inc. Locust Street Securities, Inc. LSSI Nevada, Inc.(p) LSSI North Carolina, Inc.(p) LSSI Ohio Agency, Inc.(p) LSSI Texas, Inc.(p) LSSI, Inc.(p) United Life & Annuity Insurance Company United Variable Services, Inc. ING America Life Corporation Life Insurance Company of Georgia Powers Ferry Properties, L.P. Springstreet Associates, Inc. Life of Georgia Agency, Inc. Southland Life Insurance Company Security Life of Denver Insurance Company Combined Financial Services, LLC(q) Tailored Investment Notes Trust 1991-1 First ING Life Insurance Company of New York First Secured Mortgage Deposit Corporation ING America Equities Midwestern United Life Insurance Company Afore Bital ING, S.A. de C.V. First Columbine Life Insurance Company ING Funds Service Co., Inc. ING Funds Trust(r) ING Investment Management LLC(s) ING Mutual Funds Management Company, LLC ING North America Insurance Corporation ING Seguros Sociedad Anonima de Capital Variable ING Payroll Management, Inc. ING Risk Management(Bermuda) Limited ING Variable Insurance Trust(r) Lion Custom Investments LLC Lion Custom Investments II LLC MIA Office Americas, Inc. Multi-Financial Group, Inc. - -------------------- (q) ING Investment Management LLC owned 50% by ING America Insurance Holdings, Inc. and 50% by Equitable of Iowa Companies, Inc. (r) Entities owned by retail public investor. ING provides services to them (s) Security Life and Denver holds a 40% membership interest in Combined Financial Services, LLC, and 60% is held by two individuals. Multi-Financial Securities Corporation Multi-Financial Securities Corporation Massachusetts(p) Multi-Financial Securities Corporation of Ohio(p) Multi-Financial Securities Corporation of Texas(p) Orange Investment Enterprises, Inc. Quichote, Inc. QuickQuote Systems, Inc. QuickQuote Financial, Inc. ReliaStar Financial Corp. ReliaStar Life Insurnace Company NWNL Benefits Corporation Northern Life Insurance Company Nordic, Inc. Security Connecticut Life Insurance Company ReliaStar Reinsurance Group, Ltd. ReliaStar Reinsurance Group (UK) Ltd. Washington Square Insurance Agency, Inc. Washington Square Insurance Agency, Inc. (Puerto Rico) Washington Square Insurance Agency, Inc. (Ohio) Washington Square Insurance Agency, Inc. (New Mexico) IB Holdings LLC Northeastern Corporation The New Providence Ins. Co. LTD ING Pilgrim Capital Corporation ING Pilgrim Group, Inc. ING Pilgrim Securities, Inc. ING Pilgrim Funding, Inc. ING Pilgrim Investments, Inc. Pilgrim Financial, Inc. Lexington Funds Distributor, Inc. Market Systems Research Advisors, Inc. Market Systems Research, Inc. Lexington Global Asset Managers, LTC ING Lexington Management Corporation Piedmont Asset Advisors, LLC Express America T.C. Corp. EAMC Liquidation Corp ReliaStar Investment Resdarch, Inc. Successful Money Management Seminars, Inc. PrimeVest Financial Services, Inc. PrimeVest Insurance Agency of Alabama, Inc. PrimeVest Insurance Agency of New Mexico, Inc. PrimeVest Insurance Agency of Ohio, Inc. Granite Investment Services, Inc. Branson Insurance Agency, Inc. Split Rock Financial, Inc. Branwest Investment Services, Inc. Branwest Insurance Agency, Inc. Arrowhead Ltd. ReliaStar Payroll Agent, Inc. ReliaStar Managing Underwriters, Inc. Financial Northeastern Corp Financial Northeastern Securities, Inc. FNC Inurance Services, Inc. ING National Trust Security Life Assignment Corp. ING Seguros S.A. de C.V. United Protective Company Security Life of Denver International Ltd. SLR Management (Bermuda) Ltd. UC Mortgage Corp. Unit Investment Trusts(r) United Life & Annuity Insurance Company United Variable Services, Inc. VESTAX Capital Corporation, Inc. VESTAX Securities Corp. VTX Agency Inc. PMG Agency, Inc. VTX Agency of Michigan, Inc.p VTX Agency of Massachusetts, Inc.p VTX Agency of Texas, Inc.p ING US P&C Corporation Diversified Settlements, Inc. Peerless Insurance Company The Netherlands Insurance Company America First Insurance Company Alabama First Insurance Company Excelsior Insurance Company Indiana Insurance Consolidated Insurance Company Cooling-Grumme-Mumford Company, Inc. Blue Cross Medical Consultancy (Singapore) Pte. Ltd. ING Indonesia Insurance P.T. ING Life Insurance Japan Nederlandse Reassurantie Groep Holding N.V. Nederlandse Reassurantie Groep N.V. NRG London Levensherverzekering Algemene Levensherverzekering Maatschappij N.V. Vereenigde Assurantie Bedrijven "Nederland" N.V. Reassurantie Holding Nederland N.V. Internationale Reassurantie Maatschappij Nederland N.V. Reassurantie Maatschappij Nederland N.V. Ruckversicherungs-Clearing A.G. Reinsurers Marketing B.V. N.V. Beleggingsmaatschappij NRG Reassurantie Beleggingen N.V. NRG Woningbouw B.V. BMA Beleggingsmaatschappij "Alliance" B.V. "Traviata" Onroerend Goed B.V. The Victory Reinsurance Corporation of the Netherlands N.V. NRG Victory Holdings Ltd. NRG London Reinsurance Company Ltd. NRG Fenchurch Insurance Company Ltd. NRG Victory Australia Holdings Ltd. NRG Victory Australia Ltd. NRG Victory Reinsurance Corporation Ltd. The Victory Health Reinsurance Corporation Ltd. NRG Victory Management Ltd. European Life Marketing & Actuarial Consultancy Ltd. European Life Marketing & Actuarial Consultancy 92 Ltd. Medical Expenses Development and Insurance Consultancy Services Ltd. NRG Victory Management Services Ltd. General Reinsurance Syndicate Ltd. General Reinsurance Syndicate Ltd. (Trustee) London Reinsurance Comp. Ltd. NRG Victory Life and Health Services Ltd. NRG Victory Canada Management Ltd. NRG Victory Management (Hong Kong) Ltd. NRG America Holding Company Philadelphia Reinsurance Corporation NRG America Life Reassurance Corporation NRG American Management Corporation Market Run Off Services Ltd. NRG Antillean Holding N.V. NRG Antillean Reinsurance Company N.V. NRG Victory International Ltd. NRG Victory Management (Bermuda) Ltd. SRO Run-Off Ltd. Bermuda ING Life Insurance Co. (Phillippines) ING Penta Life Insurance Indonesia P.T. ING Insurance Consultants (HK) Ltd. ING Reinsurance International Holding Co. Ltd. ING Reinsurance International Nationale-Nederlanden Nederland B.V. Nationale-Nederlanden Schadeverzekering Maatschappij N.V. H. van Veeren B.V. Nationale-Nederlanden Greek General Insurance Company S.A. Nationale-Nederlanden Levensverzekering Maatschappij N.V. B.V. Beleggingsmaatschappij Berendaal Consortium Scheveninggen B.V. RVS Beroeps-en Bedrijfsfinanciering B.V. De Bossche Poort B.V. ING Vastgoed V B.V. ING Vastgoed Belegging B.V. B.V. Beleggingsmaatschappij Vinkendaal Muggenburg Beheer B.V. Muggenburg C.V. ING REI Investment U.K. B.V. Nationale-Nederlanden Real Estate Ltd. ING Vastgoed Beheer Maatschappij I B.V. ING Vastgoed Bewaar Maatschappij I B.V. Nationale-Nederlanden Intervest 52 B.V. Bouwfonds Nationale-Nederlanden B.V. Nationale-Nederlanden Bouwfonds 1975 B.V. Bouwfonds AVG B.V. Bouwfonds Nemavo B.V. Bouwfonds Anklaar-Apeldoorn 1967 B.V. Bouwfonds Bilthoven 1969 B.V. Bouwfonds Roveso B.V. RVS Bouwfonds B.V. Bouwfonds Utrecht 1967 B.V. Amersfoort Premiewoningen B.V. Bouwfonds Valken Staete B.V. Nationale-Nederlanden Bouwfonds 1976 B.V. ING Real Estate International Investment I B.V. ING REI Investment U.K. B.V. ING Vastgoed Fondsbelegging BV Jetta Vastgoed B.V. B.V. Algemene Beleggingsmaatschappij "Lapeg" ING Insurance Argentina Nationale-Nederlanden Greek Life Insurance Company S.A. RVS Levensverzekering N.V. RVS Schadeverzekering N.V. Tiel Utrecht Levensverzekering N.V. Tiel Utrecht Schadeverzekering N.V. Utrechtsche Algemeene Brandverzekering Maatschappij N.V. Assurantiekantoor A Brugmans B.V. Algemene Zeeuwse Verzekering Maatschappij N.V. Apollonia Levensverzekering N.V. N.V. Nationale Borg-Maatschappij N.V. Belegging- en Beheer Maatschappij Keizersgracht Antilliaanse Borg-Maatschappij N.V. Amfas Exploitatie Maatschappij B.V. AVG Exploitatie en Beheer B.V. Amfas Hypotheken N.V. Noordwester Hypotheken N.V. Amfinex II B.V. Westermij B.V. Amfico B.V. AVG Exploitatie I B.V. ING Bewaar Maatschappij IV B.V. S.C.P. AVG Investissement Assurantiemaatschappij "De Zeven Provincien" N.V. "Transatlantica" Herverzekering Maatschappij N.V. "The Seven Provinces" Insurance Underwriters Ltd. Ramus Insurance Ltd. Tiel Utrecht Verzekerd Sparen N.V. B.V. Algemene Beleggings Maatschappij Reigerdaal Oostermij B.V. Nationale-Nederlanden Pensioendiensten B.V. Nationale-Nederlanden Zorgvezekering N.V. B.V. Algemene Beleggingsmaatschappij "Kievietsdaal" NeSBIC-Postbank B.V. Nitido B.V. Podocarpus Beheer B.V. Parcom Ventures B.V. Parcom Beheer BV Parcom CV Parcom Services BV Postbank Schadeverzekering N.V. Maatschappij tot Exploitatie van Onroerende Goederen "Gevers Deynootplein" BV Maatschappij tot Exploitatie van Onroerende Goederen "Kurhaus" B.V. Postbank Levensverzekering N.V. RVS Beleggingen N.V. Netherlands Life Insurance Company Ltd. AO Artsen-Verzekeringen N.V. Grabenstrasse Staete B.V. ING Life Insurance International N.V. Nationale-Nederlanden Internationale Schadeverzekering N.V. Fatum Vermogensbeheer N.V. Surinaamse Verzekeringsagenturen Maatschappij Seguros Norman Moron N.V. N.V. Arubaanse Verzekeringsagenturen Maatschappij Nationale-Nederlanden Herverzekering Maatschappij N.V. AVG Exploitatie IX B.V. Jahnstrasze Gebaude B.V. Maatschappij tot Exploitatie van Onroerende Goederen "Palace" B.V. Nationale-Nederlanden Interfinance B.V. Maatschappij tot Exploitatie van Onroerende Goederen "Grand Hotel" B.V. N.V. Haagsche Herverzekering Maatschappij van 1836 Baring Central European Investments B.V. Baring Asian Flagship Investments B.V. ING Fund Management B.V. Wijkertunnel Beheer I B.V. Nationale-Nederlanden Beleggingsrekening N.V. Nationale-Nederlanden CSFR Real Estate v.o.s. ING Bewaar Maattschappij I B.V ING Vastgoed B.V. ING Real Estate (Asia) PTE Ltd. ING Real Estate North America Corporation Nationale-Nederlanden Intervest XII B.V. B.V. Algemene Beleggingsmaatschappij Van Markenlaan Kantoorgebouw Johan de Wittlaan B.V. Nationale-Nederlanden Holdinvest B.V. Nationale-Nederlanden International Investment Advisors B.V. B.V. Algemene Beleggingsmaatschappij Fazantendaal Maatschappij Stadhouderslaan B.V. DESKA LII B.V. J.H. Alta en Co. B.V. Westland/Utrecht Projektontwikkeling B.V. Bouwonderneming Amer LII B.V. ING Real Estate Colombo B.V. Loeffpleingarage B.V. B.V. Maatschappij tot Exploitatie van Onroerende Goederen Smeetsland B.V. Vastgoedmaatschappij "Combuta" B.V. Vastgoed Maatschappij "Promes" Beheer- en Exploitatiemaatschappij "De Vestingwachter" B.V. Nationale-Nederlanden Hypotheekbank N.V. N.V. Arnhemsche Hypotheekbank voor Nederland Nationale-Nederlanden Financiering Maatschappij B.V. B.V. Betaalzegelbedrijf "De Voorzorg" J. van Ouwel Nationale-Nederlanden Finance Corporation (Curacao) I.L. Nationale-Nederlanden Vermogensbeheer B.V. NeSBIC Nationale-Nederlanden B.V. BOZ B.V. ABV Staete B.V. B.V. "De Administratie" Maatschappij tot Exploitatie van Onroerende Goederen Amersfoort-Staete B.V. Arnhem Staete B.V. Belart Staete B.V. Belart S.A. N.V. Square Montgomery Steenstaete S.A. Berkel-Staete I B.V. Berkel-Staete II B.V. Blijenhoek Staete B.V. S.N.C. Blijenhoek Staete et Cie SNC Peau Bearn Brussel Staete B.V. Grote Markt Staete B.V. Hoogoorddreef I B.V. SNC Haven Trompenburg Parking B.V. Lena Vastgoed B.V. S.A. du 59 Avenue d'lena SNC le Murier Kleber Vastgoed B.V. S.A. du 42 Avenue Kleber B.V. De Oude Aa-Stroom Portefeuille Staete B.V. S.C.I. 1e Portefeuille S.C.I. le Michelet S.C.I. Roissy Bureaux International S.C.I. Square d'Asnieres SNC Le Dome B.V. Amiloh ING Vastgoed N.V. Immo Management Service S.A. S.A. Regent-Bruxelles Nationale-Nederlanden/Immobilier S.A.R.L. Immogerance S.A.R.L. Nationale-Nederlanden Intervest IV B.V. SAS Espace Daumesnil Nationale-Nederlanden V B.V. Nationale-Nederlanden VII B.V. ING Real Estate Espace Daumesnil B.V. ING Real Estate Parking Daumesnil Viaduc B.V. SAS Parking Daumesnil Viaduc Cadran Invest S.A. ING Bewaar Maatschappij II B.V. ING Bewaar Maatschappij III B.V. ING REI Investment Spain B.V. ING Inmeubles S.A. ING Bewaar Maatschappij V B.V. ING Asset Management B.V. Postbank Verzekeringen Beheer Maatschappij B.V. Postbank Verzekeringen Bewaar Maatschappij B.V. ING Vastergoed B.V. Nationale-Nederlanden Intervest IX B.V. Nationale-Nederlanden CSFR Intervest S.R.O. ING Real Estate Praha Housing a.s. Nationale-Nederlanden Praha Real Estate V.O.S. Nationale-Nederlanden Intervest XI B.V. Nationale-Nederlanden Hungary Real Estate KFT ING Investment Management (Hungary) Rt. ING Investment Management (Asia Pacific) Limited ING Investment Management (Czech Republic) S.A. IIM India (India) Private Ltd. ITEM 27. NUMBER OF CONTRACT OWNERS As of December 31, 2000, there were 611,713 individuals holding interests in variable annuity contracts funded through Variable Annuity Account C. ITEM 28. INDEMNIFICATION Section 33-779 of the Connecticut General Statutes ("CGS") provides that a corporation may provide indemnification of or advance expenses to a director, officer, employee or agent only as permitted by Sections 33-770 to 33-778, inclusive, of the CGS. Reference is hereby made to Section 33-771(e) of the CGS regarding indemnification of directors and Section 33-776(d) of CGS regarding indemnification of officers, employees and agents of Connecticut corporations. These statutes provide in general that Connecticut corporations incorporated prior to January 1, 1997 shall, except to the extent that their certificate of incorporation expressly provides otherwise, indemnify their directors, officers, employees and agents against "liability" (defined as the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed with respect to an employee benefit plan, or reasonable expenses incurred with respect to a proceeding) when (1) a determination is made pursuant to Section 33-775 that the party seeking indemnification has met the standard of conduct set forth in Section 33-771 or (2) a court has determined that indemnification is appropriate pursuant to Section 33-774. Under Section 33-775, the determination of and the authorization for indemnification are made (a) by the disinterested directors, as defined in Section 33-770(3); (b) by special counsel; (c) by the shareholders; or (d) in the case of indemnification of an officer, agent or employee of the corporation, by the general counsel of the corporation or such other officer(s) as the board of directors may specify. Also, Section 33-772 provides that a corporation shall indemnify an individual who was wholly successful on the merits or otherwise against reasonable expenses incurred by him in connection with a proceeding to which he was a party because he was a director of the corporation. Pursuant to Section 33-771(d), in the case of a proceeding by or in the right of the corporation or with respect to conduct for which the director, officer, agent or employee was adjudged liable on the basis that he received a financial benefit to which he was not entitled, indemnification is limited to reasonable expenses incurred in connection with the proceeding against the corporation to which the individual was named a party. The statute does specifically authorize a corporation to procure indemnification insurance on behalf of an individual who was a director, officer, employee or agent of the corporation. Consistent with the statute, ING GROEP N.V. has procured insurance from Lloyd's of London and several major United States and international excess insurers for its directors and officers and the directors and officers of its subsidiaries, including the Depositor. ITEM 29. PRINCIPAL UNDERWRITER (a) In addition to serving as the principal underwriter for the Registrant, Aetna Investment Services, LLC (AIS) also acts as the principal underwriter for Aetna Income Shares, Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Balanced VP, Inc., Aetna Variable Portfolios, Inc., Aetna Generation Portfolios, Inc., Aetna GET Fund, and Portfolio Partners, Inc. (all management investment companies registered under the Investment Company Act of 1940 (1940 Act)). Additionally, AIS acts as the principal underwriter for Aetna Life Insurance and Annuity Company (Aetna), Variable Life Account B of Aetna, Variable Life Account C of Aetna, Variable Annuity Account B of Aetna and Variable Annuity Account G of Aetna (separate accounts of Aetna registered as unit investment trusts under the 1940 Act). AIS is also the principal underwriter for Variable Annuity Account I of Aetna Insurance Company of America (AICA) (a separate account of AICA registered as a unit investment trust under the 1940 Act). (b) The following are the directors and principal officers of the Principal Underwriter:
NAME AND PRINCIPAL POSITIONS AND OFFICES WITH BUSINESS ADDRESS* PRINCIPAL UNDERWRITER Maureen M. Gillis Director and President Allan Baker Director and Senior Vice President Robert L. Francis Director and Senior Vice President Marie Augsberger Senior Vice President Steven A. Haxton Senior Vice President Gary J. Hegedus Senior Vice President Deborah Koltenuk Vice President, Treasurer and Chief Financial Officer Therese Squillacote Vice President and Chief Compliance Officer Martin T. Conroy Vice President and Assistant Treasurer Reginald Bowen Vice President Christina Lareau Vice President Dwyatt McClain Vice President Terran Titus Vice President William T. Abramowicz Vice President Douglas J. Ambrose Vice President Louis E. Bachetti Vice President Ronald R. Barhorst Vice President Robert H. Barley Vice President Steven M. Bresler Vice President David Brounley Vice President Daniel P. Charles Vice President
NAME AND PRINCIPAL POSITIONS AND OFFICES WITH BUSINESS ADDRESS* PRINCIPAL UNDERWRITER Brian D. Comer Vice President Albert J. DiCristofaro, Jr. Vice President John B. Finigan Vice President Brian P. Harrington Vice President Bernard P. Heffernon Vice President William S. Jasien Vice President Jess D. Kravitz Vice President George D. Lessner Vice President Katherine E. Lewis Vice President Susan J. Lewis Vice President James F. Lille Vice President David J. Linney Vice President Richard T. Mason Vice President Joseph F. McClain Vice President Pamela Mulvey Vice President W. Michael Montgomery Vice President Scott T. Neeb Vice President Patrick F. O'Christie Vice President Paulette Playce Vice President Marcellous J. Reed Vice President Charles A. Sklader Vice President Frank W. Snodgrass Vice President S. Bradford Vaughan, Jr. Vice President Mark Woolhiser Vice President
NAME AND PRINCIPAL POSITIONS AND OFFICES WITH BUSINESS ADDRESS* PRINCIPAL UNDERWRITER David A. Kelsey Assistant Vice President John F. Todd Corporate Secretary and Counsel (Chief Legal Officer)
*The principal business address of all directors and officers listed is: 151 Farmington Avenue, Hartford, Connecticut 06156 (c) Not Applicable ITEM 30. LOCATION OF ACCOUNTS AND RECORDS All accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act and the rules under it relating to the securities described in and issued under this Registration Statement are located at the home office of the Depositor as follows: Aetna Life Insurance and Annuity Company 151 Farmington Avenue Hartford, Connecticut 06156 and Aetna Service Center 18 Corporate Woods Blvd., Fourth Floor P.O. Box 12894 Albany, New York 12212-2894 ITEM 31. MANAGEMENT SERVICES Not applicable ITEM 32. UNDERTAKINGS Registrant hereby undertakes: (a) to file a post-effective amendment to this registration statement on Form N-4 as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than sixteen months old for as long as payments under the variable annuity contracts may be accepted; (b) to include as part of any application to purchase a contract offered by a prospectus which is part of this registration statement on Form N-4, a space that an applicant can check to request a Statement of Additional Information; and (c) to deliver any Statement of Additional Information and any financial statements required to be made available under this Form N-4 promptly upon written or oral request. (d) Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. (e) Aetna Life Insurance and Annuity Company represents that the fees and charges deducted under the contracts covered by this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company. SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, Variable Annuity Account C of Aetna Life Insurance and Annuity Company, has caused this Post-Effective Amendment to its Registration Statement on Form N-4 (File No. 33-81216) to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Hartford, State of Connecticut, on the 19th day of January, 2001. VARIABLE ANNUITY ACCOUNT C OF AETNA LIFE INSURANCE AND ANNUITY COMPANY (REGISTRANT) By: AETNA LIFE INSURANCE AND ANNUITY COMPANY (DEPOSITOR) By: Thomas J. McInerney* -------------------------------- Thomas J. McInerney President As required by the Securities Act of 1933, this Post-Effective Amendment No. 16 to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
SIGNATURE TITLE DATE Thomas J. McInerney* Director and President ) - ------------------------------------- (principal executive officer) ) Thomas J. McInerney ) ) Wayne R. Huneke* Director ) January - ------------------------------------- ) Wayne R. Huneke ) 19, 2001 ) Phillip R. Lowery* Director ) - ------------------------------------- ) Phillip R. Lowery ) ) Robert C. Salipante* Director ) - ------------------------------------- ) Robert C. Salipante ) ) Mark A. Tullis* Director ) - ------------------------------------- ) Mark A. Tullis ) ) Michael W. Cunningham* Chief Financial Officer ) - ------------------------------------- ) Michael W. Cunningham )
Deborah Koltenuk* Corporate Controller ) - ------------------------------------- ) Deborah Koltenuk ) By: /s/ Julie E. Rockmore ------------------------------------------------------------ Julie E. Rockmore *Attorney-in-Fact
VARIABLE ANNUITY ACCOUNT C EXHIBIT INDEX
EXHIBIT NO. EXHIBIT 99-B.4.5 Form of Endorsement (ESUNY401-01) to Contract G-401-IB(X/M) and Certificate GC401-IB(X/M) ----------------- 99-B.9 Opinion and Consent of Counsel ----------------- 99-B.10 Consent of Independent Auditors ----------------- 99-B.14.1 Powers of Attorney -----------------
EX-99.B4-5 2 a2035232zex-99_b45.txt EXHIBIT 99.B4.5 EX.99-B.4.5 ---FORM OF--- AETNA LIFE INSURANCE AND ANNUITY COMPANY ENDORSEMENT The Contract and Certificate are endorsed as outlined below. In the SPECIFICATIONS section on page 2, the section entitled GUARANTEED INTEREST RATE is corrected to read: There is a guaranteed interest rate for Purchase Payment(s) held in the Fixed Plus Account (See 1.14) and the GA Account (See 1.15). All references in the Contract and Certificate to the "Aetna Processing Office" are changed to "Aetna Service Center". In PART 1. GENERAL DEFINITIONS Add the following definitions: DOLLAR COST AVERAGING - A program which allows a Participant to systematically transfer amounts from the Aetna money market fund under the Contract to the Fixed Plus Account, the Guaranteed Accumulation Account and/or one or more of the Funds held by the Separate Account. Amounts may be transferred out of existing funds into the Aetna money market fund under the Contract. Amounts transferred to or from the Fixed Plus Account and subsequently surrendered during the accumulation period will be subject to the Fixed Plus Account transfer and partial surrender restrictions described in the Contract. Amounts transferred from the Guaranteed Accumulation Account Guaranteed Term before the end of that Guaranteed Term may be subject to a Market Value Adjustment. Aetna reserves the right to change terms and conditions for Dollar Cost Averaging upon notification to the Contract Holder and Participants. To elect to participate in Dollar Cost Averaging, Participants should contact the Aetna Service Center. This program is not available to Participants in the Account Rebalancing program. ACCOUNT REBALANCING - A program which allows Participants to reallocate their Individual Account values to match the investment allocations originally selected. Only account values invested in the Separate Account (excluding GET) are eligible to be rebalanced. Account values invested in the Guaranteed Accumulation Account and the Fixed Plus Account are not eligible to be rebalanced. Transfers made under this program will not be subject to the annual transfer limits imposed by the Contract. To elect to participate in Account Rebalancing, Participants should contact the Aetna Service Center. This program is not available to Participants in the Dollar Cost Averaging program. Replace the definition of NONUNITIZED SEPARATE ACCOUNT with the following definition: A separate account, set up by Aetna under Title 38, Section 38a-433 of the Connecticut General Statutes, that holds assets for GA Account Guaranteed Terms of more than three years and, on and after September 1, 1998, amounts allocated or transferred to Guaranteed Terms of three years or less. There are no discrete units for this Account. The Contract Holder or Participant, as applicable, does not participate in the investment gain or loss from assets held in the Nonunitized Separate Account. Such gain or loss is borne entirely by Aetna. The assets of the Nonunitized Separate Account, to the extent of reserves and other contract liabilities, may not be charged with other Aetna liabilities. Amounts allocated to a Guaranteed Term of three years or less prior to September 1, 1998, will remain in the General Account as provided by Section 1.17, and will remain in the General Account until the applicable Guaranteed Term's Maturity Date. If such amounts are reinvested on such Maturity Date, such amounts will be reinvested in a Guaranteed Term in the Nonunitized Separate Account. Replace the definition of PURCHASE PAYMENT(S) with the following definition: Payments received by Aetna at the Aetna Service Center for current contributions under the Plan, as well as transferred amounts of 401(a) funds under the Plan from other investment providers. In PART III. PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS, the section entitled INDIVIDUAL ACCOUNT(S) is revised to read: This Contract is issued to the Contract Holder. However, Aetna will maintain two Individual Accounts for each Participant. These are: (a) An Employer Account: This Individual Account will be credited with employer Net Purchase Payments and transferred amounts of 401(a) funds, attributable to employer contributions, from other investment providers; and (b) An Employee Account: This Individual Account will be credited with employee Net Purchase Payments, specifically amounts subject to Code Section 414(h) and transferred amounts of 401(a) funds, attributable to 414(h) contributions from other investment providers. Replace (c) of the section entitled NET RETURN FACTOR(S) - SEPARATE ACCOUNT with the following: Minus a daily actuarial charge at an annual rate that will not exceed 1.25% for Annuity mortality and expense risks and profit and a daily administrative charge that will not exceed 0.25% on an annual basis. The administrative charge may be changed annually except for amounts that have been used to purchase an Annuity. Endorsed and made part of the Contract or Certificate on February 1, 2001, or on the Effective Date of the Contract or Certificate, if later. /s/ Thomas J. McInerney President Aetna Life Insurance and Annuity Company ESUNY401-01 EX-99.B9 3 a2035232zex-99_b9.txt EXHIBIT 99.B9 EXHIBIT 99-B.9 ING Aetna Financial Services 151 Farmington Avenue Hartford, CT 06156-8975 JULIE E. ROCKMORE Counsel AFS Law, TS31 January 19, 2001 (860) 273-4686 Fax: (860) 273-0385 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 RE: AETNA LIFE INSURANCE AND ANNUITY COMPANY AND ITS VARIABLE ANNUITY ACCOUNT C POST-EFFECTIVE AMENDMENT NO. 16 TO REGISTRATION STATEMENT ON FORM N-4 PROSPECTUS TITLE: GROUP FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTS FOR STATE UNIVERSITY OF NEW YORK (SUNY) DEFINED CONTRIBUTION RETIREMENT PLAN FILE NOS.: 33-81216 AND 811-2513 Dear Sir or Madam: The undersigned serves as counsel to Aetna Life Insurance and Annuity Company, a Connecticut life insurance company (the "Company"). It is my understanding that the Company, as depositor, has registered an indefinite amount of securities (the "Securities") under the Securities Act of 1933 (the "Securities Act") as provided in Rule 24f-2 under the Investment Company Act of 1940 (the "Investment Company Act"). In connection with this opinion, I or those for whom I have supervisory responsibility, have reviewed the N-4 Registration, as amended to the date hereof, and this Post-Effective Amendment No. 16. I have also examined originals or copies, certified or otherwise identified to my satisfaction, of such documents, trust records and other instruments I have deemed necessary or appropriate for the purpose of rendering this opinion. For purposes of such examination, I have assumed the genuineness of all signatures on original documents and the conformity to the original of all copies. I am admitted to practice law in Connecticut, and do not purport to be an expert on the laws of any other state. My opinion herein as to any other law is based upon a limited inquiry thereof which I have deemed appropriate under the circumstances. Based upon the foregoing, and, assuming the Securities are sold in accordance with the provisions of the prospectus, I am of the opinion that the Securities being registered will be legally issued and will represent binding obligations of the Company. I consent to the filing of this opinion as an exhibit to the Registration Statement. Sincerely, /s/ Julie E. Rockmore Julie E. Rockmore EX-99.B10 4 a2035232zex-99_b10.txt EXHIBIT 99.B10 EX. 99-B.10 CONSENT OF INDEPENDENT AUDITORS The Board of Directors of Aetna Life Insurance and Annuity Company and Contractholders of Aetna Variable Annuity Account C: We consent to the use of our report dated February 3, 2000, relating to the financial statements of the Aetna Variable Annuity Account C and our report dated February 7, 2000, relating to the consolidated financial statements of Aetna Life Insurance and Annuity Company, which are incorporated by reference in this Amendment no. 16 to Registration Statement on Form N-4 (File No. 33-81216). /s/ KPMG LLP Hartford, Connecticut KPMG LLP January 19, 2001 EX-99.B-14-1 5 a2035232zex-99_b141.txt EXHIBIT 99.B.14.1 EX. 99-B.14.1 POWER OF ATTORNEY I, the undersigned Director and President of Aetna Life Insurance and Annuity Company, hereby constitute and appoint, Megan L. Dunphy, J. Neil McMurdie, Michael A. Pignatella and Julie E. Rockmore and each of them individually, my true and lawful attorneys, with full power to them and each of them to sign for me, and in my name and in the capacities indicated below, any and all amendments, to the Registration Statements listed below filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940: Registration Statements filed under the Securities Act of 1933: 2-52448 33-75962 33-75998 33-91846 2-52449 33-75964 33-75996 333-01107 33-02339 33-75966 33-76000 333-09515 33-34370 33-75968 33-76002 333-15817 33-34583 33-75970 33-76004 333-24645 33-42555 33-75972 33-76018 333-27337 33-60477 33-75974 33-76024 333-30694 33-61897 33-75976 33-76026 333-34014 33-62473 33-75978 33-79118 333-37448 33-63611 33-75980 33-79122 333-48774 33-64277 33-75982 33-81216 333-49176 33-64331 33-75984 33-87642 333-49593 33-75248 33-75986 33-87932 333-49599 33-75954 33-75988 33-88720 333-56297 33-75956 33-75990 33-88722 333-72079 33-75958 33-75992 33-88724 333-84299 33-75960 33-75994 33-89858 333-87305 333-89953
Registration Statements filed under the Investment Company Act of 1940: 811-09665 811-2512 811-2513 811-4536 811-5906 hereby ratifying and confirming on this 19th day of December, 2000, my signature as it may be signed by my said attorneys to any such Registration Statements and any and all amendments thereto. Signature/Title --------------- /s/ Thomas J. McInernye - -------------------------------------------------------- Thomas J. McInerney Director and President (Principal Executive Officer) POWER OF ATTORNEY I, the undersigned Director of Aetna Life Insurance and Annuity Company, hereby constitute and appoint, Megan L. Dunphy, J. Neil McMurdie, Michael A. Pignatella and Julie E. Rockmore and each of them individually, my true and lawful attorneys, with full power to them and each of them to sign for me, and in my name and in the capacity indicated below, any and all amendments, to the Registration Statements listed below filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940: Registration Statements filed under the Securities Act of 1933: 2-52448 33-75962 33-75998 33-91846 2-52449 33-75964 33-75996 333-01107 33-02339 33-75966 33-76000 333-09515 33-34370 33-75968 33-76002 333-15817 33-34583 33-75970 33-76004 333-24645 33-42555 33-75972 33-76018 333-27337 33-60477 33-75974 33-76024 333-30694 33-61897 33-75976 33-76026 333-34014 33-62473 33-75978 33-79118 333-37448 33-63611 33-75980 33-79122 333-48774 33-64277 33-75982 33-81216 333-49176 33-64331 33-75984 33-87642 333-49593 33-75248 33-75986 33-87932 333-49599 33-75954 33-75988 33-88720 333-56297 33-75956 33-75990 33-88722 333-72079 33-75958 33-75992 33-88724 333-84299 33-75960 33-75994 33-89858 333-87305 333-89953
Registration Statements filed under the Investment Company Act of 1940: 811-09665 811-2512 811-2513 811-4536 811-5906 hereby ratifying and confirming on this 29th day of December 2000, my signature as it may be signed by my said attorneys to any such Registration Statements and any and all amendments thereto. Signature/Title --------------- /s/ Wayne R. Huneke - -------------------------------------------------------- Wayne R. Huneke Director POWER OF ATTORNEY I, the undersigned Director of Aetna Life Insurance and Annuity Company, hereby constitute and appoint Megan L. Dunphy, J. Neil McMurdie, Michael A. Pignatella and Julie E. Rockmore and each of them individually, my true and lawful attorneys, with full power to them and each of them to sign for me, and in my name and in the capacities indicated below, any and all amendments, to the Registration Statements listed below filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940: Registration Statements filed under the Securities Act of 1933: 2-52448 33-75962 33-75998 33-91846 2-52449 33-75964 33-75996 333-01107 33-02339 33-75966 33-76000 333-09515 33-34370 33-75968 33-76002 333-15817 33-34583 33-75970 33-76004 333-24645 33-42555 33-75972 33-76018 333-27337 33-60477 33-75974 33-76024 333-30694 33-61897 33-75976 33-76026 333-34014 33-62473 33-75978 33-79118 333-37448 33-63611 33-75980 33-79122 333-48774 33-64277 33-75982 33-81216 333-49176 33-64331 33-75984 33-87642 333-49593 33-75248 33-75986 33-87932 333-49599 33-75954 33-75988 33-88720 333-56297 33-75956 33-75990 33-88722 333-72079 33-75958 33-75992 33-88724 333-84299 33-75960 33-75994 33-89858 333-87305 333-89953
Registration Statements filed under the Investment Company Act of 1940: 811-09665 811-2512 811-2513 811-4536 811-5906 hereby ratifying and confirming on this 20th day of December, 2000, my signature as it may be signed by my said attorneys to any such Registration Statements and any and all amendments thereto. Signature/Title --------------- /s/ Randy Lowery - -------------------------------------------------------- Phillip R. Lowery Director POWER OF ATTORNEY I, the undersigned Director of Aetna Life Insurance and Annuity Company, hereby constitute and appoint, Megan L. Dunphy, J. Neil McMurdie, Michael A. Pignatella and Julie E. Rockmore and each of them individually, my true and lawful attorneys, with full power to them and each of them to sign for me, and in my name and in the capacities indicated below, any and all amendments, to the Registration Statements listed below filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940: Registration Statements filed under the Securities Act of 1933: 2-52448 33-75962 33-75998 33-91846 2-52449 33-75964 33-75996 333-01107 33-02339 33-75966 33-76000 333-09515 33-34370 33-75968 33-76002 333-15817 33-34583 33-75970 33-76004 333-24645 33-42555 33-75972 33-76018 333-27337 33-60477 33-75974 33-76024 333-30694 33-61897 33-75976 33-76026 333-34014 33-62473 33-75978 33-79118 333-37448 33-63611 33-75980 33-79122 333-48774 33-64277 33-75982 33-81216 333-49176 33-64331 33-75984 33-87642 333-49593 33-75248 33-75986 33-87932 333-49599 33-75954 33-75988 33-88720 333-56297 33-75956 33-75990 33-88722 333-72079 33-75958 33-75992 33-88724 333-84299 33-75960 33-75994 33-89858 333-87305 333-89953
Registration Statements filed under the Investment Company Act of 1940: 811-09665 811-2512 811-2513 811-4536 811-5906 hereby ratifying and confirming on this 19th day of December, 2000, my signature as it may be signed by my said attorneys to any such Registration Statements and any and all amendments thereto. Signature/Title --------------- /s/ Robert C. Salipante - -------------------------------------------------------- Robert C. Salipante Director POWER OF ATTORNEY I, the undersigned Director of Aetna Life Insurance and Annuity Company, hereby constitute and appoint, Megan L. Dunphy, J. Neil McMurdie, Michael A. Pignatella and Julie E. Rockmore and each of them individually, my true and lawful attorneys, with full power to them and each of them to sign for me, and in my name and in the capacities indicated below, any and all amendments, to the Registration Statements listed below filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940: Registration Statements filed under the Securities Act of 1933: 2-52448 33-75962 33-75998 33-91846 2-52449 33-75964 33-75996 333-01107 33-02339 33-75966 33-76000 333-09515 33-34370 33-75968 33-76002 333-15817 33-34583 33-75970 33-76004 333-24645 33-42555 33-75972 33-76018 333-27337 33-60477 33-75974 33-76024 333-30694 33-61897 33-75976 33-76026 333-34014 33-62473 33-75978 33-79118 333-37448 33-63611 33-75980 33-79122 333-48774 33-64277 33-75982 33-81216 333-49176 33-64331 33-75984 33-87642 333-49593 33-75248 33-75986 33-87932 333-49599 33-75954 33-75988 33-88720 333-56297 33-75956 33-75990 33-88722 333-72079 33-75958 33-75992 33-88724 333-84299 33-75960 33-75994 33-89858 333-87305 333-89953
Registration Statements filed under the Investment Company Act of 1940: 811-09665 811-2512 811-2513 811-4536 811-5906 hereby ratifying and confirming on this 20th day of December, 2000, my signature as it may be signed by my said attorneys to any such Registration Statements and any and all amendments thereto. Signature/Title --------------- /s/ Mark A. Tullis - -------------------------------------------------------- Mark A. Tullis Director POWER OF ATTORNEY I, the undersigned Corporate Controller of Aetna Life Insurance and Annuity Company, hereby constitute and appoint, Megan L. Dunphy, J. Neil McMurdie, Michael A. Pignatella and Julie E. Rockmore and each of them individually, my true and lawful attorneys, with full power to them and each of them to sign for me, and in my name and in the capacities indicated below, any and all amendments, to the Registration Statements listed below filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940: Registration Statements filed under the Securities Act of 1933: 2-52448 33-75962 33-75998 33-91846 2-52449 33-75964 33-75996 333-01107 33-02339 33-75966 33-76000 333-09515 33-34370 33-75968 33-76002 333-15817 33-34583 33-75970 33-76004 333-24645 33-42555 33-75972 33-76018 333-27337 33-60477 33-75974 33-76024 333-30694 33-61897 33-75976 33-76026 333-34014 33-62473 33-75978 33-79118 333-37448 33-63611 33-75980 33-79122 333-48774 33-64277 33-75982 33-81216 333-49176 33-64331 33-75984 33-87642 333-49593 33-75248 33-75986 33-87932 333-49599 33-75954 33-75988 33-88720 333-56297 33-75956 33-75990 33-88722 333-72079 33-75958 33-75992 33-88724 333-84299 33-75960 33-75994 33-89858 333-87305 333-89953
Registration Statements filed under the Investment Company Act of 1940: 811-09665 811-2512 811-2513 811-4536 811-5906 hereby ratifying and confirming on this 19th day of December, 2000, my signature as it may be signed by my said attorneys to any such Registration Statements and any and all amendments thereto. Signature/Title --------------- /s/ Deborah Koltenuk - -------------------------------------------------------- Deborah Koltenuk Corporate Controller POWER OF ATTORNEY I, the undersigned Chief Financial Officer of Aetna Life Insurance and Annuity Company, hereby constitute and appoint, Megan L. Dunphy, J. Neil McMurdie, Michael A. Pignatella and Julie E. Rockmore and each of them individually, my true and lawful attorneys, with full power to them and each of them to sign for me, and in my name and in the capacities indicated below, any and all amendments, to the Registration Statements listed below filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940: Registration Statements filed under the Securities Act of 1933: 2-52448 33-75962 33-75998 33-91846 2-52449 33-75964 33-75996 333-01107 33-02339 33-75966 33-76000 333-09515 33-34370 33-75968 33-76002 333-15817 33-34583 33-75970 33-76004 333-24645 33-42555 33-75972 33-76018 333-27337 33-60477 33-75974 33-76024 333-30694 33-61897 33-75976 33-76026 333-34014 33-62473 33-75978 33-79118 333-37448 33-63611 33-75980 33-79122 333-48774 33-64277 33-75982 33-81216 333-49176 33-64331 33-75984 33-87642 333-49593 33-75248 33-75986 33-87932 333-49599 33-75954 33-75988 33-88720 333-56297 33-75956 33-75990 33-88722 333-72079 33-75958 33-75992 33-88724 333-84299 33-75960 33-75994 33-89858 333-87305 333-89953
Registration Statements filed under the Investment Company Act of 1940: 811-09665 811-2512 811-2513 811-4536 811-5906 hereby ratifying and confirming on this 20th day of December, 2000, my signature as it may be signed by my said attorneys to any such Registration Statements and any and all amendments thereto. Signature/Title --------------- /s/ Michael W. Cunningham - -------------------------------------------------------- Michael W. Cunningham Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----