EX-13 6 c28431_ex13.txt EXHIBIT 13 THE TRAVELERS SEPARATE ACCOUNT TEN FOR VARIABLE ANNUITIES SCHEDULE FOR COMPUTATION OF TOTAL RETURN CALCULATIONS The standardized and nonstandardized average annual total returns are computed according to the formula described below. A hypothetical initial investment of $1,000 is applied to the Funding Option, and then related to ending redeemable values as of the most recent fiscal year end, for the calendar year-to-date (nonstandardized only), and over a 1-year, 3-year (nonstandardized only), 5-year, and 10-year period, or since inception if a Funding Option has not been in existence for one of the prescribed periods. 1/n T = (ERV/P) -1 where: T = average annual total return P = a hypothetical initial payment of $1,000 n = the applicable year (1, 3, 5, 10) or portion thereof ERV = ending redeemable value of a hypothetical $1,000 payment made at the beginning of each of the periods Both the standardized and nonstandardized performance returns reflect the deduction for the management fees and other expenses for a Funding Option, the mortality and expense risk charge(s) and the administrative expense charge. For Funding Options that were in existence prior to the date they became available under the Separate Account, the standardized average total return quotations may be accompanied by returns showing the investment performance that such Fund Options would have achieved (reduced by applicable charges/fees) had they been held under the Contract for the period quoted. The total return quotations are based on historical earnings and are not necessarily representative of future performance. STANDARDIZED METHOD The standardized returns take into consideration all fees and/or charges applicable to the Funding Option or contract. Standardized performance figures will only be available after the product offered through the Separate Account has begun operating. Under the standardized method, the $30 annual contract administrative charge is reflected in the calculation. It is expressed as a percentage of assets based on the actual fees collected divided by the average net assets for contracts sold under the prospectus for each year for which performance is shown. NONSTANDARDIZED METHOD Nonstandardized returns do not reflect the deduction of the $30 annual administrative charge, which, if reflected, would decrease the level of performance shown. For a Schedule of the Computation of the Historical Total Return Quotations, see attached. EXHIBIT 13
INCEP DATE 2002 2001 2000 ---------- -------- -------- -------- AIM Capital Appreciation Portfolio 10/10/1995 0.892450 1.194316 1.596098 AIM V.I. Premier Equity Fund+ 5/5/1993 0.774238 1.130961 1.317772 AllianceBernstein Growth and Income Portfolio - Class B 6/20/1994 0.777726 1.019220 1.036805 AllianceBernstein Premier Growth Portfolio - Class B 6/20/1994 0.795019 1.171100 1.444460 Alliance Growth Portfolio 6/1/1999 0.741153 1.136678 1.336522 Alliance Growth Portfolio 6/26/1992 0.741153 1.136678 1.336522 American Funds Global Growth Fund-Class 2 4/30/1997 0.985291 1.175835 1.396487 American Funds Growth Fund-Class 2 2/8/1984 0.908917 1.225660 1.525642 American Funds Growth-Income Fund-Class 2 2/28/1985 0.907135 1.131697 1.124169 Equity Income Portfolio (Fidelity) 8/30/1996 0.945073 1.118691 1.220335 Equity Index Portfolio - Class II 11/30/1991 0.860997 1.129922 1.313532 Fidelity VIP Mid Cap Portfolio - Service Class 2 1/31/1995 0.845356 0.957101 1.010643 Fidelity VIP Contrafund(C)Portfolio-Service Class 12/29/1998 0.984905 1.107706 1.287712 Franklin Mutual Shares Securities Fund - Class 2 11/8/1996 0.833793 0.963115 0.916628 Franklin Small Cap Fund - Class 2 5/1/1998 0.850742 1.215253 1.460834 Janus Aspen Mid Cap Growth Portfolio - Service Shares 9/13/1993 0.809042 1.146590 1.933805 Large Cap Portfolio (Fidelity) 8/30/1996 0.853483 1.126134 1.387781 Lazard International Stock Portfolio* 8/1/1996 0.834358 0.976482 1.347739 Lazard Retirement Small Cap Portfolio* 11/3/1997 0.978714 1.211056 1.040066 Lord Abbett Growth & Income Portfolio* 12/11/1989 0.959891 1.192941 1.302833 Lord Abbett Mid Cap Value Portfolio* 9/15/1999 1.080682 1.220240 1.150501 MFS Emerging Growth Portfolio 8/30/1996 0.778760 1.206494 1.926011 MFS Emerging Growth Portfolio 8/30/1996 0.778760 -- -- MFS Research Portfolio 3/23/1998 0.837552 -- -- Multiple Discipline Portfolio - All Cap Growth and Value ** 10/1/2002 1.049512 -- -- Multiple Discipline Portfolio - Global All Cap Growth and Value ** 10/1/2002 1.062326 -- -- Multiple Discipline Portfolio - Large Cap Growth and Value ** 10/1/2002 1.057396 1.206494 1.926011 Pioneer Fund Portfolio* 2/4/1994 0.988355 1.139780 1.497445 Putnam VT Discovery Growth Fund - Class IB Shares+ 1/2/1997 0.844035 1.442752 1.908805 Putnam VT International Equity Fund - Class IB Shares 4/30/1999 0.910301 1.220984 1.765188 Putnam VT Small Cap Value Fund - Class IB Shares 9/28/2000 0.969722 1.126372 1.435772 Salomon Brothers Variable All Cap Fund - Class I 2/17/1998 0.821012 1.208717 1.042345 Salomon Brothers Variable Investors Fund - Class I 2/17/1998 0.847697 1.116024 1.115714 Salomon Brothers Variable Small Cap Growth Fund - Class I 11/1/1999 0.796474 1.122214 1.192750 Smith Barney Aggressive Growth Portfolio 11/1/1999 0.793977 1.242781 1.364680 Smith Barney Appreciation Portfolio 10/16/1991 0.911135 1.200774 1.275283 Smith Barney Fundamental Value Portfolio 12/3/1993 0.896887 1.125412 1.194014 Smith Barney International All Cap Growth Portfolio+ 6/20/1994 0.844056 1.160987 1.248542 Smith Barney Large Cap Core Portfolio 9/14/1999 0.811266 1.157199 1.712891 Smith Barney Large Cap Growth Portfolio 5/1/1998 0.863711 1.116704 1.331359 Smith Barney Large Cap Value Portfolio+ 6/20/1994 0.798077 1.169564 1.362037 Smith Barney Mid Cap Core Portfolio 11/1/1999 0.969024 1.090076 1.209315 Smith Barney Premier Selections All Cap Growth Portfolio 9/14/1999 0.852151 1.220306 1.381155 Smith Barney Small Cap Growth Opportunities Portfolio 2/7/1997 0.877992 1.185722 1.407430 Templeton Developing Markets Securities Fund-Class 2* 2/16/1996 0.951448 1.203073 1.463183 Templeton Foreign Securities Fund - Class 2 5/1/1992 0.897643 0.970619 1.075809
Van Kampen LIT Emerging Growth Portfolio 7/3/1995 0.744169 1.122850 1.361757 Van Kampen Enterprise Portfolio 6/21/1994 0.819582 1.122910 1.669994 PIMCO Real Return Portfolio - Adm Class* 9/30/1999 0.967926 1.181978 1.529233 PIMCO Total Return Portfolio 12/31/1997 1.062922 0.837017 0.777684 Smith Barney Diversified Strategic Income Portfolio 10/16/1991 1.030806 0.992759 0.929290 Smith Barney High Income Portfolio 6/22/1994 0.975536 1.001551 0.989038 Travelers Managed Income Portfolio 6/28/1994 0.973863 1.027101 1.087089 MFS Total Return Portfolio 6/20/1994 0.994883 0.970786 0.926510 MFS Total Return Portfolio 06/20/94 0.994883 1.069766 1.089804 Multiple Discipline Portfolio - Balanced All Cap Growth and Value ** 10/01/02 1.026841 1.069766 1.089804 Smith Barney Money Market Portfolio 06/20/94 0.984711 0.990487 0.973153