-----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, Ku7qdmkwFG8E4n01/GJAwINWkItejOeHzJbLn6x1Gf37/EIL5w+2flExp8bq5NSh riR3fmaAJgtskPPWuzYJCQ== 0000950135-08-004911.txt : 20080711 0000950135-08-004911.hdr.sgml : 20080711 20080710203247 ACCESSION NUMBER: 0000950135-08-004911 CONFORMED SUBMISSION TYPE: N-4 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080711 DATE AS OF CHANGE: 20080710 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES CENTRAL INDEX KEY: 0001209404 IRS NUMBER: 000000000 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-152264 FILM NUMBER: 08948026 BUSINESS ADDRESS: STREET 1: METLIFE INSURANCE COMPANY OF CONNECTICUT STREET 2: ONE CITYPLACE, 185 ASYLUM STREET, 3CP CITY: HARTFORD STATE: CT ZIP: 06103-3415 BUSINESS PHONE: 1-866-547-3793 MAIL ADDRESS: STREET 1: METLIFE INSURANCE COMPANY OF CONNECTICUT STREET 2: ONE CITYPLACE, 185 ASYLUM STREET, 3CP CITY: HARTFORD STATE: CT ZIP: 06103-3415 FORMER COMPANY: FORMER CONFORMED NAME: TIC SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES DATE OF NAME CHANGE: 20021210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES CENTRAL INDEX KEY: 0001209404 IRS NUMBER: 000000000 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-4 SEC ACT: 1940 Act SEC FILE NUMBER: 811-21262 FILM NUMBER: 08948027 BUSINESS ADDRESS: STREET 1: METLIFE INSURANCE COMPANY OF CONNECTICUT STREET 2: ONE CITYPLACE, 185 ASYLUM STREET, 3CP CITY: HARTFORD STATE: CT ZIP: 06103-3415 BUSINESS PHONE: 1-866-547-3793 MAIL ADDRESS: STREET 1: METLIFE INSURANCE COMPANY OF CONNECTICUT STREET 2: ONE CITYPLACE, 185 ASYLUM STREET, 3CP CITY: HARTFORD STATE: CT ZIP: 06103-3415 FORMER COMPANY: FORMER CONFORMED NAME: TIC SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES DATE OF NAME CHANGE: 20021210 0001209404 S000005920 METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES C000068852 Vintage Access Annuity C000068853 Portfolio Architect Access Annuity C000068854 Scudder Advocate Advisor Annuity C000068855 Scudder Advocate Advisor - ST1 Variable Annuity N-4 1 y60969a1nv4.txt METLIFE INSURANCE CO OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 As filed with the Securities and Exchange Commission on July 11, 2008 REGISTRATION STATEMENT NO. 333 - 811-21262 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------- FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X] PRE-EFFECTIVE AMENDMENT NO. [ ] POST-EFFECTIVE AMENDMENT NO. [ ] AND REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 AMENDMENT NO. 49 [X] (Check Appropriate box or boxes.) METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES (Exact name of Registrant) METLIFE INSURANCE COMPANY OF CONNECTICUT (Name of Depositor) ONE CITYPLACE, 185 ASYLUM STREET, 3CP, HARTFORD, CONNECTICUT 06103-3415 (Address of Depositor's Principal Executive Offices) Depositor's Telephone Number, including area code: (860) 308-1000 MARIE C. SWIFT, ESQ. METROPOLITAN LIFE INSURANCE COMPANY 501 BOYLSTON STREET BOSTON, MA 02116 (Name and Address of Agent for Service) APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: AS SOON AS PRACTICABLE FOLLOWING THE EFFECTIVENESS OF THE REGISTRATION STATEMENT. THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(A), MAY DETERMINE. TITLE OF SECURITIES BEING REGISTERED: INDIVIDUAL VARIABLE ANNUITY CONTRACTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- VINTAGE ACCESS(SM) ANNUITY ISSUED BY METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES METLIFE INSURANCE COMPANY OF CONNECTICUT SUPPLEMENT DATED OCTOBER 13, 2008 TO THE PROSPECTUS DATED APRIL 28, 2008 Effective October 13, 2008, the Company combined MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 (the "Former Separate Account") with and into MetLife of CT Separate Account Eleven for Variable Annuities (the "Separate Account"). The Separate Account was established on November 14, 2002 and is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940, as amended. In connection with the combination of the Former Separate Account with and into the Separate Account (the "Combination"), we transferred the assets of the Former Separate Account to the Separate Account and the Separate Account assumed the liabilities and contractual obligations of the Former Separate Account. All references in your Prospectus to the Former Separate Account now refer to the Separate Account. The Combination does not affect you in any way. More particularly: - There are no changes in our obligations or your rights and benefits under the Contract as a result of the Combination. - Your Contract Value is not affected by the Combination and no charges have been or will be imposed in connection therewith. - The Variable Funding Options available under your Contract have not changed as a result of the Combination. - Your Contract Value is allocated to the same Variable Funding Options (with the same Accumulation Unit values or Annuity Unit values) as it was before the Combination. - The Combination does not result in any federal income tax consequences to you. If you have any questions, please contact us at 800-842-9325. VINTAGE ACCESS(SM) ANNUITY PROSPECTUS: METLIFE INSURANCE COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 METLIFE LIFE AND ANNUITY COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 APRIL 28, 2008 This prospectus describes VINTAGE ACCESS ANNUITY, a flexible premium deferred variable annuity contract (the "Contract") issued by MetLife Insurance Company of Connecticut. The Contract is available in connection with certain retirement plans that qualify for special federal income tax treatment ("Qualified Contracts") as well as those that do not qualify for such treatment ("Non- qualified Contracts"). We may issue it as an individual contract or as a group contract. When we issue a group contract, you will receive a certificate summarizing the Contract's provisions. For convenience, we refer to contracts and certificates as "Contracts." You can choose to have your premium ("Purchase Payments") accumulate on a variable basis in one or more of our funding options. Your Contract Value before the Maturity Date and the amount of monthly income afterwards will vary daily to reflect the investment experience of the Variable Funding Options you select. You bear the investment risk of investing in the Variable Funding Options. The Variable Funding Options available as of April 28, 2008 are: AMERICAN FUNDS INSURANCE SERIES(R) -- CLASS 2 Harris Oakmark International American Funds Global Growth Fund Portfolio -- Class A American Funds Growth Fund Janus Forty Portfolio -- Class A American Funds Growth-Income Fund Lazard Mid Cap Portfolio -- Class B FIDELITY(R) VARIABLE INSURANCE PRODUCTS Lord Abbett Growth and Income Contrafund(R) Portfolio -- Service Class Portfolio -- Class B Mid Cap Portfolio -- Service Class 2 Lord Abbett Mid Cap Value FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS Portfolio -- Class B TRUST -- CLASS 2 Met/AIM Capital Appreciation Franklin Income Securities Fund Portfolio -- Class A Templeton Foreign Securities Fund Met/AIM Small Cap Growth Portfolio -- Class JANUS ASPEN SERIES -- SERVICE SHARES A Mid Cap Growth Portfolio MFS(R) Emerging Markets Equity LEGG MASON PARTNERS VARIABLE EQUITY TRUST Portfolio -- Class B Legg Mason Partners Variable Aggressive PIMCO Inflation Protected Bond Growth Portfolio -- Class I Portfolio -- Class A Legg Mason Partners Variable Appreciation Pioneer Fund Portfolio -- Class A Portfolio -- Class I Pioneer Strategic Income Portfolio -- Class Legg Mason Partners Variable Capital and A Income Portfolio -- Class II Third Avenue Small Cap Value Legg Mason Partners Variable Equity Index Portfolio -- Class B Portfolio -- Class II METROPOLITAN SERIES FUND, INC. Legg Mason Partners Variable Global Equity BlackRock Aggressive Growth Portfolio Portfolio -- Class D Legg Mason Partners Variable Investors BlackRock Bond Income Portfolio -- Class E Portfolio -- Class I Capital Guardian U.S. Equity Legg Mason Partners Variable Mid Cap Core Portfolio -- Class A Portfolio -- Class I FI Large Cap Portfolio -- Class A LEGG MASON PARTNERS VARIABLE INCOME TRUST FI Value Leaders Portfolio -- Class D Legg Mason Partners Variable Adjustable MetLife Aggressive Allocation Rate Income Portfolio Portfolio -- Class B Legg Mason Partners Variable High Income MetLife Conservative Allocation Portfolio Portfolio -- Class B Legg Mason Partners Variable Money Market MetLife Conservative to Moderate Allocation Portfolio Portfolio -- Class B MET INVESTORS SERIES TRUST MetLife Moderate Allocation BlackRock Large Cap Core Portfolio -- Class Portfolio -- Class B E MetLife Moderate to Aggressive Allocation Clarion Global Real Estate Portfolio -- Class B Portfolio -- Class A MFS(R) Total Return Portfolio -- Class F Dreman Small Cap Value Portfolio -- Class A MFS(R) Value Portfolio -- Class A Oppenheimer Global Equity Portfolio -- Class B PIMCO VARIABLE INSURANCE TRUST -- ADMINISTRATIVE CLASS Total Return Portfolio
Certain Variable Funding Options have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds" for more information. THE CONTRACT IS NO LONGER OFFERED TO NEW PURCHASERS. This prospectus provides the information that you should know before investing in the Contract. Please keep this prospectus for future reference. You can receive additional information about your Contract by requesting a copy of the Statement of Additional Information ("SAI") dated April 28, 2008. We filed the SAI with the Securities and Exchange Commission ("SEC"), and it is incorporated by reference into this prospectus. To request a copy, write to us at P.O. Box 10366, Des Moines, IA 50306-0366, call 800-842-9325 or access the SEC's website (http://www.sec.gov). See Appendix D for the SAI's table of contents. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR THE ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. VARIABLE ANNUITY CONTRACTS ARE NOT DEPOSITS OF ANY BANK, AND ARE NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. TABLE OF CONTENTS
PAGE ---- GLOSSARY................................................................ 3 SUMMARY................................................................. 5 FEE TABLE............................................................... 8 CONDENSED FINANCIAL INFORMATION......................................... 12 THE ANNUITY CONTRACT.................................................... 12 Contract Owner Inquiries................................................ 13 Purchase Payments....................................................... 13 Accumulation Units...................................................... 14 The Variable Funding Options............................................ 14 CHARGES AND DEDUCTIONS.................................................. 20 General................................................................. 20 Transfer Charge......................................................... 21 Administrative Charges.................................................. 21 Mortality and Expense Risk Charge....................................... 22 Enhanced Stepped-Up Provision Charge.................................... 22 Guaranteed Minimum Withdrawal Benefit Charge............................ 22 Variable Funding Option Expenses........................................ 22 Premium Tax............................................................. 22 Changes in Taxes Based upon Premium or Value............................ 22 TRANSFERS............................................................... 22 Market Timing/Excessive Trading......................................... 23 Dollar Cost Averaging................................................... 25 ACCESS TO YOUR MONEY.................................................... 25 Systematic Withdrawals.................................................. 26 OWNERSHIP PROVISIONS.................................................... 26 Types of Ownership...................................................... 26 Contract Owner.......................................................... 26 Beneficiary............................................................. 26 Annuitant............................................................... 27 DEATH BENEFIT........................................................... 27 Death Proceeds before the Maturity Date................................. 27 Enhanced Stepped-Up Provision ("E.S.P.")................................ 29 Payment of Proceeds..................................................... 30 Spousal Contract Continuance (subject to availability--does not apply if a non-spouse is a joint owner)........................................ 32 Beneficiary Contract Continuance (not permitted for non-natural beneficiaries)........................................................ 32 Death Proceeds after the Maturity Date.................................. 33 LIVING BENEFITS......................................................... 33 Guaranteed Minimum Withdrawal Benefit ("GMWB" or "Principal Guarantee")........................................................... 33 THE ANNUITY PERIOD...................................................... 39 Maturity Date........................................................... 39 Allocation of Annuity................................................... 39 Variable Annuity........................................................ 39 Fixed Annuity........................................................... 40 PAYMENTS OPTIONS........................................................ 40 Election of Options..................................................... 40 Annuity Options......................................................... 40 Variable Liquidity Benefit.............................................. 41 MISCELLANEOUS CONTRACT PROVISIONS....................................... 41 Right to Return......................................................... 41 Termination............................................................. 41 Required Reports........................................................ 41 Suspension of Payments.................................................. 42 THE SEPARATE ACCOUNTS................................................... 42 Performance Information................................................. 43 FEDERAL TAX CONSIDERATIONS.............................................. 43 General Taxation of Annuities........................................... 43 Types of Contracts: Qualified and Non-qualified......................... 44 Qualified Annuity Contracts............................................. 44 Taxation of Qualified Annuity Contracts................................. 44 Mandatory Distributions for Qualified Plans............................. 45 Individual Retirement Annuities......................................... 45 Roth IRAs............................................................... 46 TSAs (ERISA and Non-ERISA).............................................. 46 Non-qualified Annuity Contracts......................................... 48 Diversification Requirements for Variable Annuities..................... 49 Ownership of the Investments............................................ 49 Taxation of Death Benefit Proceeds...................................... 50 Other Tax Considerations................................................ 50 Treatment of Charges for Optional Benefits.............................. 50 Guaranteed Minimum Withdrawal Benefits.................................. 50 Puerto Rico Tax Considerations.......................................... 50 Non-Resident Aliens..................................................... 51 Tax Credits and Deductions.............................................. 51 OTHER INFORMATION....................................................... 51 The Insurance Company................................................... 51 Financial Statements.................................................... 51 Distribution of Variable Annuity Contracts.............................. 52 Conformity with State and Federal Laws.................................. 53 Voting Rights........................................................... 53 Restrictions on Financial Transactions.................................. 53 Legal Proceedings....................................................... 53 APPENDIX A: CONDENSED FINANCIAL INFORMATION FOR METLIFE INSURANCE COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002.................. A-1 APPENDIX B: CONDENSED FINANCIAL INFORMATION FOR METLIFE LIFE AND ANNUITY COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002.................. B-1 APPENDIX C: ADDITIONAL INFORMATION REGARDING UNDERLYING FUNDS........... C-1 APPENDIX D: CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION......... D-1
2 GLOSSARY ACCUMULATION UNIT -- an accounting unit of measure used to calculate the value of this Contract before Annuity Payments begin. ANNUITANT -- the person on whose life the Maturity Date and Annuity Payments depend. ANNUITY PAYMENTS -- a series of periodic payments (a) for life; (b) for life with a minimum number of payments; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. ANNUITY UNIT -- an accounting unit of measure used to calculate the amount of Annuity Payments. CASH SURRENDER VALUE -- the Contract Value less any premium tax not previously deducted. CODE -- the Internal Revenue Code of 1986, as amended, and all related laws and regulations that are in effect during the term of this Contract. CONTINGENT ANNUITANT -- the individual who becomes the Annuitant when the Annuitant who is not the owner dies prior to the Maturity Date. CONTRACT DATE -- the date on which the Contract is issued. CONTRACT OWNER (YOU) -- the person named in the Contract (on the specifications page) as the owner of the Contract. CONTRACT VALUE -- Purchase Payments, plus or minus any investment experience on the amounts allocated to the variable funds, adjusted by applicable charges and withdrawals. CONTRACT YEARS -- twelve month periods beginning with the Contract Date. DEATH REPORT DATE -- the day on which we have received 1) Due Proof of Death and 2) written payment instructions or election of spousal or beneficiary contract continuation. DUE PROOF OF DEATH -- (i) a copy of a certified death certificate; (ii) a copy of a certified decree of a court of competent jurisdiction as to the finding of death; (iii) a written statement by a medical doctor who attended the deceased; or (iv) any other proof satisfactory to us. HOME OFFICE -- the Home Office of MetLife Insurance Company of Connecticut or any other office that we may designate for the purpose of administering this Contract. For transfer, withdrawal, surrender, and (if applicable) loan requests, our Home Office address is: MetLife, P.O. Box 10366, Des Moines, IA 50306-0366 (for overnight delivery or courier service only: 4700 Westown Parkway, Suite 200, West Des Moines, IA 50266). For Purchase Payments and (if applicable) loan repayments, our Home Office address is: MetLife, P.O. Box 371857, Pittsburgh, PA 15250-7857. MATURITY DATE -- the date on which the Annuity Payments are to begin. PAYMENT OPTION -- an annuity option elected under your Contract. PURCHASE PAYMENT -- any premium paid by you to initiate or supplement this Contract. QUALIFIED CONTRACT -- a contract used in a retirement plan or program that is intended to qualify under Sections 401, 403, 408, 408A or 414(d) of the Code. SEPARATE ACCOUNT -- a segregated account registered with the Securities and Exchange Commission ("SEC"), the assets of which are invested solely in the Underlying Funds. The assets of the Separate Account are held exclusively for the benefit of Contract Owners. SUBACCOUNT -- that portion of the assets of a Separate Account that is allocated to a particular Underlying Fund. UNDERLYING FUND -- a portfolio of an open-end management investment company that is registered with the SEC in which the Subaccounts invest. VALUATION DATE -- a date on which a Subaccount is valued. VALUATION PERIOD -- the period between successive valuations. 3 VARIABLE FUNDING OPTION -- a Subaccount of the Separate Account that invests in an Underlying Fund. WE, US, OUR -- MetLife Insurance Company of Connecticut. WRITTEN REQUEST -- written information sent to us in a form and content satisfactory to us and received at our Home Office. YOU, YOUR -- "You" is the Contract Owner and a natural person, a trust established for the benefit of a natural person or a charitable remainder trust. 4 SUMMARY: VINTAGE ACCESS ANNUITY THIS SUMMARY DETAILS SOME OF THE MORE IMPORTANT POINTS THAT YOU SHOULD KNOW AND CONSIDER BEFORE PURCHASING THE CONTRACT. PLEASE READ THE ENTIRE PROSPECTUS CAREFULLY. WHAT COMPANY WILL ISSUE MY CONTRACT? Your issuing company is MetLife Insurance Company of Connecticut ("the Company," "We" or "Us"). The Company sponsors the MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and the MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. Prior to December 7, 2007, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 was sponsored by MetLife Life and Annuity Company of Connecticut ("MLACC"). On that date, MLACC merged with and into the Company, and the Company became the sponsor of MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. THE CONTRACT IS NO LONGER AVAILABLE FOR SALE. It does continue to accept Purchase Payments from existing Contract Owners. CAN YOU GIVE ME A GENERAL DESCRIPTION OF THE CONTRACT? We designed the Contract for retirement savings or other long-term investment purposes. The Contract provides a death benefit as well as guaranteed payout options. You direct your payment(s) to one or more of the Variable Funding Options. The Variable Funding Options fluctuate with the investment performance of the Underlying Funds and are not guaranteed. You can also lose money in the Variable Funding Options. The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase and the payout phase (annuity period). During the accumulation phase generally, under a Qualified Contract, your pre-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal, presumably when you are in a lower tax bracket. During the accumulation phase, under a Non-qualified Contract, earnings on your after- tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. The payout phase occurs when you begin receiving payments from your Contract. The amount of money you accumulate in your Contract determines the amount of income (Annuity Payments) you receive during the payout phase. During the payout phase, you may choose one of a number of annuity options. You may receive income payments in the form of a variable annuity, a fixed annuity, or a combination of both. If you elect variable income payments, the dollar amount of your payments may increase or decrease. Once you choose one of the annuity options and begin to receive payments, it cannot be changed. WHO CAN PURCHASE THIS CONTRACT? The Contract is available for use in connection with (1) individual non-qualified purchases; (2) rollovers from Individual Retirement Annuities (IRAs); (3) rollovers from other qualified retirement plans and (4) beneficiary-directed transfers of death proceeds from another contract. Qualified Contracts include contracts qualifying under Section 401(a), 403(b), 408(b) or 408A of the Code. Purchase of this Contract through a tax qualified retirement plan ("Plan") does not provide any additional tax deferral benefits beyond those provided by the Plan. Accordingly, if you are purchasing this Contract through a Plan, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. The Contract is no longer available for sale. You may make additional payments of at least $500 at any time during the accumulation phase. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death proceeds. If your Contract was issued as a Qualified Contract under Section 403(b) of the Code in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted) as significant adverse tax consequences may result from such additional payments. (See "Federal Tax Considerations.") CAN I EXCHANGE MY CURRENT ANNUITY CONTRACT FOR THIS CONTRACT? The Code generally permits you to exchange one annuity contract for another in a "tax-free exchange." Therefore, you can transfer the proceeds from another annuity contract to purchase this Contract. Before making an exchange to acquire this Contract, you should carefully 5 compare this Contract to your current contract. You may have to pay a surrender charge under your current contract to exchange it for this Contract. The other fees and charges under this Contract may be higher or lower and the benefits may be different than those of your current contract. In addition, you may have to pay federal income or penalty taxes on the exchange if it does not qualify for tax-free treatment. You should not exchange another contract for this Contract unless you determine, after evaluating all the facts, the exchange is in your best interests. Remember that the person selling you the Contract generally will earn a commission on the sale. IS THERE A RIGHT TO RETURN PERIOD? If you cancel the Contract within ten days after you receive it, you will receive a full refund of your Contract Value plus any Contract charges and premium taxes you paid (but not fees and charges assessed by the Underlying Funds). Where state law requires a different right to return period, or the return of Purchase Payments, the Company will comply. You bear the investment risk on the Purchase Payment allocated to a Variable Funding Option during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. If you purchased your Contract as an Individual Retirement Annuity, and you return it within the first seven days after delivery, or longer if your state law permits, we will refund your full Purchase Payment. During the remainder of the right to return period, we will refund your Contract Value (including charges we assessed). We will determine your Contract Value at the close of business (generally, 4:00 p.m., Eastern Time) on the day we receive a Written Request for a refund. CAN YOU GIVE A GENERAL DESCRIPTION OF THE VARIABLE FUNDING OPTIONS AND HOW THEY OPERATE? The Variable Funding Options represent Subaccounts of the Separate Account. At your direction, the Separate Account, through its Subaccounts, uses your Purchase Payments to purchase shares of one or more of the Underlying Funds that holds securities consistent with its own investment policy. Depending on market conditions, you may make or lose money in any of these Variable Funding Options. You can transfer among the Variable Funding Options as frequently as you wish without any current tax implications. Currently there is no charge for transfers, nor a limit to the number of transfers allowed. We may, in the future, charge a fee for any transfer request, or limit the number of transfers allowed. At a minimum, we would always allow one transfer every six months. We reserve the right to restrict transfers that we determine will disadvantage other Contract Owners. WHAT EXPENSES WILL BE ASSESSED UNDER THE CONTRACT? The Contract has insurance features and investment features, and there are costs related to each. We deduct an administrative expense charge and a mortality and expense risk ("M&E") charge each business day from amounts you allocate to the Separate Account. We deduct the administrative expense charge at an annual rate of 0.15%. We deduct the M&E charge at an annual rate of 1.65% for the Standard Death Benefit, and 1.85% for the Enhanced Death Benefit. For Contracts with a value of less than $40,000, we also deduct an annual contract administrative charge of $30. Each Underlying Fund also charges for management costs and other expenses. If you select the Enhanced Stepped-Up Provision ("E.S.P."), an additional 0.20% annually will be deducted each business day from amounts in the Variable Funding Options. THIS PROVISION IS NOT AVAILABLE WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. If you elect a Guaranteed Minimum Withdrawal Benefit ("GMWB") rider, a charge will be deducted each business day from amounts in the Variable Funding Options. There are three GMWB rider options, and the current charge for each rider, on an annual basis, is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. HOW WILL MY PURCHASE PAYMENTS AND WITHDRAWALS BE TAXED? Generally, the payments you make to a Qualified Contract during the accumulation phase are made with before-tax dollars. Generally, you will be taxed on your Purchase Payments and on any earnings when you make a withdrawal or begin receiving Annuity Payments. Under a Non-qualified Contract, payments to the Contract are made with after-tax dollars, and earnings will generally accumulate tax-deferred. You will be taxed on these earnings when they are withdrawn from the Contract. If you are younger than 59 1/2 when you take money out, you may be charged a 10% federal penalty tax on the amount withdrawn. 6 For owners of Qualified Contracts, if you reach a certain age, you may be required by federal tax laws to begin receiving payments from your annuity or risk paying a penalty tax. In those cases, we can calculate and pay you the minimum required distribution amounts (see "Access to Your Money -- Systematic Withdrawals"). HOW MAY I ACCESS MY MONEY? You can take withdrawals any time during the accumulation phase. Income taxes and/or a penalty tax may apply to taxable amounts withdrawn. WHAT IS THE DEATH BENEFIT UNDER THE CONTRACT? The death benefit applies upon the first death of the Contract Owner, joint owner, or Annuitant. Assuming you are the Annuitant, the death benefit is as follows: If you die before the Contract is in the payout phase, the person you have chosen as your beneficiary will receive a death benefit. We calculate the death benefit value at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or the election of spousal or beneficiary contract continuance. Please refer to the Death Benefit section in the Prospectus for more details. WHERE MAY I FIND OUT MORE ABOUT ACCUMULATION UNIT VALUES? The Condensed Financial Information in Appendix A or Appendix B to this prospectus provides more information about Accumulation Unit values. ARE THERE ANY ADDITIONAL FEATURES? This Contract has other features you may be interested in. These include: - DOLLAR COST AVERAGING. This is a program that allows you to invest a fixed amount of money in Variable Funding Options each month, theoretically giving you a lower average cost per unit over time than a single one-time purchase. Dollar Cost Averaging requires regular investments regardless of fluctuating price levels, and does not guarantee profits or prevent losses in a declining market. Potential investors should consider their financial ability to continue purchases through periods of low price levels. - SYSTEMATIC WITHDRAWAL OPTION. Before the Maturity Date, you can arrange to have money sent to you at set intervals throughout the year. Of course, any applicable income and penalty taxes will apply on amounts withdrawn. - AUTOMATIC REBALANCING. You may elect to have the Company periodically reallocate the values in your Contract to match the rebalancing allocation selected. - MANAGED DISTRIBUTION PROGRAM. This program allows us to automatically calculate and distribute to you, in November of the applicable tax year, an amount that will satisfy the Internal Revenue Service's minimum distribution requirements imposed on certain contracts once the owner reaches age 70 1/2 or retires. These minimum distributions occur during the accumulation phase. - ENHANCED STEPPED-UP PROVISION ("E.S.P."). For an additional charge, the total death benefit payable may be increased based on the earnings in your Contract. - SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY). If your spouse is named as an owner and/or beneficiary, and you die prior to the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. This feature applies to a spousal joint Contract Owner and/or beneficiary only. - BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES). If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the date of your death, that beneficiary may elect to continue his/her portion of the Contract and take required distributions over time, rather than have the death benefit paid to the beneficiary in a lump sum. - GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "PRINCIPAL GUARANTEE"). For an additional charge, we will guarantee the periodic return of your investment. Under this benefit, we will pay you a percentage of your investment every year until your investment has been returned in full, regardless of market performance. Depending on when you elect to begin receiving payments and which GMWB rider you select, the maximum amount of your investment that you receive each year is 5% or 10%. When you add Purchase Payments to your Contract, we include them as part of the guarantee. In the future, however, we may discontinue including additional Purchase Payments as part of the guarantee. The guarantee is subject to restrictions on withdrawals and other restrictions. 7 FEE TABLE - -------------------------------------------------------------------------------- The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer Contract Value between Variable Funding Options. Expenses shown do not include premium taxes, which may be applicable. CONTRACT OWNER TRANSACTION EXPENSES TRANSFER CHARGE......................................... $10(1) (assessed on transfers that exceed 12 per year)
The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including Underlying Fund fees and expenses. CONTRACT ADMINISTRATIVE CHARGES ANNUAL CONTRACT ADMINISTRATIVE CHARGE................... $30(2)
ANNUAL SEPARATE ACCOUNT CHARGES: (as a percentage of the average daily net assets of the Separate Account) We will assess a minimum mortality and expense risk charge ("M&E") of 1.65% and a maximum administrative expense charge of 0.15% on all contracts. In addition, for optional features there is a 0.20% charge for E.S.P., a 0.40% current charge (maximum of 1.00% upon reset) for GMWB I, a 0.50% current charge (maximum of 1.00% upon reset) for GMWB II, and a 0.25% charge for GMWB III. Below is a summary of all charges that may apply, depending on the death benefit and optional features you select:
STANDARD DEATH BENEFIT ENHANCED DEATH BENEFIT ---------------------- ---------------------- Mortality and Expense Risk Charge...................... 1.65%(3) 1.85%(3) Administrative Expense Charge.......................... 0.15% 0.15% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH NO OPTIONAL FEATURES SELECTED.................................... 1.80% 2.00% Optional E.S.P. Charge................................. 0.20% 0.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. ONLY SELECTED............................................. 2.00% 2.20% Optional GMWB I Charge (maximum upon reset)............ 1.00%(4) 1.00%(4) Optional GMWB II Charge (maximum upon reset)........... 1.00%(4) 1.00%(4) Optional GMWB III Charge............................... 0.25% 0.25% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB I ONLY SELECTED............................................. 2.80% 3.00% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB II ONLY SELECTED............................................. 2.80% 3.00% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB III ONLY SELECTED........................................ 2.05% 2.25% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB I SELECTED...................................... 3.00% 3.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB II SELECTED..................................... 3.00% 3.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB III SELECTED.................................... 2.25% 2.45%
- --------- (1) We do not currently assess the transfer charge. (2) We do not assess this charge if Contract Value is $40,000 or more on the fourth Friday of each August. (3) We are waiving the Mortality and Expense Risk charge in an amount equal to the underlying fund expenses that are in excess of 0.90% for the Subaccount investing in the Harris Oakmark International Portfolio, an amount equal to the Underlying Fund expenses that are in 8 excess of 0.87% for the Subaccount investing in the Lord Abbett Growth and Income Portfolio, an amount equal to the Underlying Fund expenses that are in excess of 1.12% for the Subaccount investing in the Lord Abbett Mid-Cap Value Portfolio, an amount equal to the Underlying Fund expenses that are in excess of 1.10% for the Subaccount investing in the Third Avenue Small Cap Value Portfolio, an amount equal to the Underlying Fund expenses that are in excess of 1.18% for the Subaccount investing in the MFS(R) Research International Portfolio, and an amount equal to the Underlying Fund expenses that are in excess of 0.65% for the Subaccount investing in the PIMCO Inflation Protected Bond Portfolio. (4) The current charges for the available GMWB riders with a reset feature (see "Access to Your Money -- Guaranteed Minimum Withdrawal Benefit") are 0.40% for GMWB I and 0.50% for GMWB II UNDERLYING FUND EXPENSES AS OF DECEMBER 31, 2007 (UNLESS OTHERWISE INDICATED): The first table below shows the range (minimum and maximum) of the total annual operating expenses charged by all of the Underlying Funds, before any voluntary or contractual fee waivers and/or expense reimbursements. The second table shows each Underlying Fund's management fee, distribution and/or service (12b-1) fees if applicable, and other expenses. The Underlying Funds provided this information and we have not independently verified it. More detail concerning each Underlying Fund's fees and expenses is contained in the prospectus for each Underlying Fund. Current prospectuses for the Underlying Funds can be obtained by calling 800-842-9325. MINIMUM AND MAXIMUM TOTAL ANNUAL UNDERLYING FUND OPERATING EXPENSES
MINIMUM MAXIMUM ------- ------- TOTAL ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Underlying Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses) 0.52% 1.52%
UNDERLYING FUND FEES AND EXPENSES (as a percentage of average daily net assets)
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- AMERICAN FUNDS INSURANCE SERIES(R) -- CLASS 2 American Funds Global Growth Fund........................ 0.53% 0.25% 0.02% -- 0.80% -- 0.80% American Funds Growth Fund..... 0.32% 0.25% 0.01% -- 0.58% -- 0.58% American Funds Growth-Income Fund........................ 0.26% 0.25% 0.01% -- 0.52% -- 0.52% FIDELITY(R) VARIABLE INSURANCE PRODUCTS Contrafund(R) Portfolio -- Service Class.. 0.56% 0.10% 0.09% -- 0.75% -- 0.75% Mid Cap Portfolio -- Service Class 2..................... 0.56% 0.25% 0.10% -- 0.91% -- 0.91% FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST -- CLASS 2 Franklin Income Securities Fund........................ 0.45% 0.25% 0.02% -- 0.72% -- 0.72% Franklin Small-Mid Cap Growth Securities Fund+............ 0.47% 0.25% 0.28% 0.01% 1.01% 0.01% 1.00%(1) Templeton Foreign Securities Fund........................ 0.63% 0.25% 0.14% 0.02% 1.04% 0.02% 1.02%(1) JANUS ASPEN SERIES -- SERVICE SHARES Mid Cap Growth Portfolio....... 0.64% 0.25% 0.04% -- 0.93% -- 0.93% LEGG MASON PARTNERS VARIABLE EQUITY TRUST Legg Mason Partners Variable Aggressive Growth Portfolio -- Class I++...... 0.75% -- 0.07% -- 0.82% -- 0.82%(2) Legg Mason Partners Variable Appreciation Portfolio -- Class I........ 0.69% -- 0.11% 0.01% 0.81% -- 0.81%(2) Legg Mason Partners Variable Appreciation Portfolio -- Class II++..... 0.69% 0.25% 0.20% 0.01% 1.15% -- 1.15%(2) Legg Mason Partners Variable Capital and Income Portfolio -- Class II....... 0.75% 0.25% 0.13% -- 1.13% -- 1.13% Legg Mason Partners Variable Capital Portfolio++......... 0.75% 0.25% 0.11% -- 1.11% -- 1.11%(2)
9
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- Legg Mason Partners Variable Dividend Strategy Portfolio++++............... 0.65% -- 0.33% -- 0.98% -- 0.98%(2) Legg Mason Partners Variable Equity Index Portfolio -- Class II....... 0.31% 0.25% 0.08% -- 0.64% -- 0.64%(2) Legg Mason Partners Variable Fundamental Value Portfolio -- Class I++...... 0.75% -- 0.08% -- 0.83% -- 0.83%(2) Legg Mason Partners Variable Global Equity Portfolio..... 0.75% 0.25% 0.19% -- 1.19% -- 1.19%(2) Legg Mason Partners Variable Investors Portfolio -- Class I........................... 0.62% -- 0.14% -- 0.76% -- 0.76%(2) Legg Mason Partners Variable Large Cap Growth Portfolio -- Class I++++.... 0.75% -- 0.15% -- 0.90% -- 0.90%(3) Legg Mason Partners Variable Mid Cap Core Portfolio -- Class I++...... 0.75% -- 0.26% -- 1.01% -- 1.01%(2) Legg Mason Partners Variable Small Cap Growth Portfolio -- Class I+....... 0.75% -- 0.35% -- 1.10% -- 1.10%(2) LEGG MASON PARTNERS VARIABLE INCOME TRUST Legg Mason Partners Variable Adjustable Rate Income Portfolio++................. 0.55% 0.25% 0.60% -- 1.40% -- 1.40%(2) Legg Mason Partners Variable Diversified Strategic Income Portfolio+.................. 0.65% -- 0.36% -- 1.01% -- 1.01%(2) Legg Mason Partners Variable High Income Portfolio++..... 0.60% -- 0.15% -- 0.75% -- 0.75%(2) Legg Mason Partners Variable Money Market Portfolio++.... 0.45% -- 0.08% -- 0.53% -- 0.53%(2) MET INVESTORS SERIES TRUST BlackRock Large Cap Core Portfolio -- Class E........ 0.58% 0.15% 0.06% -- 0.79% -- 0.79% Clarion Global Real Estate Portfolio -- Class A........ 0.61% -- 0.04% -- 0.65% -- 0.65% Dreman Small Cap Value Portfolio -- Class A........ 0.79% -- 0.13% -- 0.92% -- 0.92%(4) Harris Oakmark International Portfolio -- Class A........ 0.77% -- 0.09% -- 0.86% -- 0.86% Janus Forty Portfolio -- Class A........................... 0.65% -- 0.05% -- 0.70% -- 0.70% Lazard Mid Cap Portfolio -- Class B........ 0.69% 0.25% 0.06% -- 1.00% -- 1.00% Lord Abbett Growth and Income Portfolio -- Class B........ 0.49% 0.25% 0.03% -- 0.77% -- 0.77% Lord Abbett Mid Cap Value Portfolio -- Class B........ 0.67% 0.25% 0.09% -- 1.01% -- 1.01% Met/AIM Capital Appreciation Portfolio -- Class A........ 0.76% -- 0.10% -- 0.86% -- 0.86% Met/AIM Small Cap Growth Portfolio -- Class A........ 0.86% -- 0.06% -- 0.92% -- 0.92% MFS(R) Emerging Markets Equity Portfolio -- Class B........ 1.00% 0.25% 0.27% -- 1.52% -- 1.52% MFS(R) Research International Portfolio -- Class B+....... 0.70% 0.25% 0.09% -- 1.04% -- 1.04% PIMCO Inflation Protected Bond Portfolio -- Class A........ 0.50% -- 0.05% -- 0.55% -- 0.55% Pioneer Fund Portfolio -- Class A........................... 0.75% -- 0.23% -- 0.98% -- 0.98%(5) Pioneer Strategic Income Portfolio -- Class A........ 0.60% -- 0.09% -- 0.69% -- 0.69%(4) Third Avenue Small Cap Value Portfolio -- Class B........ 0.73% 0.25% 0.03% -- 1.01% -- 1.01%
10
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- METROPOLITAN SERIES FUND, INC. BlackRock Aggressive Growth Portfolio -- Class D........ 0.71% 0.10% 0.05% -- 0.86% -- 0.86% BlackRock Bond Income Portfolio -- Class E........ 0.38% 0.15% 0.06% -- 0.59% 0.01% 0.58%(6) Capital Guardian U.S. Equity Portfolio -- Class A........ 0.66% -- 0.05% -- 0.71% -- 0.71% FI Large Cap Portfolio -- Class A........................... 0.77% -- 0.07% -- 0.84% -- 0.84% FI Value Leaders Portfolio -- Class D........ 0.64% 0.10% 0.07% -- 0.81% -- 0.81% Jennison Growth Portfolio -- Class A+....... 0.63% -- 0.04% -- 0.67% -- 0.67% MetLife Aggressive Allocation Portfolio -- Class B........ 0.10% 0.25% 0.04% 0.73% 1.12% 0.04% 1.08%(7) MetLife Conservative Allocation Portfolio -- Class B........ 0.10% 0.25% 0.05% 0.59% 0.99% 0.05% 0.94%(7) MetLife Conservative to Moderate Allocation Portfolio -- Class B........ 0.10% 0.25% 0.01% 0.64% 1.00% 0.01% 0.99%(7) MetLife Moderate Allocation Portfolio -- Class B........ 0.08% 0.25% 0.01% 0.67% 1.01% -- 1.01%(7) MetLife Moderate to Aggressive Allocation Portfolio -- Class B........ 0.08% 0.25% 0.01% 0.70% 1.04% -- 1.04%(7) MFS(R) Total Return Portfolio -- Class F........ 0.53% 0.20% 0.05% -- 0.78% -- 0.78% MFS(R) Value Portfolio -- Class A........................... 0.72% -- 0.05% -- 0.77% 0.07% 0.70%(8) Oppenheimer Global Equity Portfolio -- Class B........ 0.51% 0.25% 0.10% -- 0.86% -- 0.86% T. Rowe Price Large Cap Growth Portfolio -- Class B+....... 0.60% 0.25% 0.07% -- 0.92% -- 0.92% PIMCO VARIABLE INSURANCE TRUST -- ADMINISTRATIVE CLASS Total Return Portfolio......... 0.25% -- 0.58% -- 0.83% -- 0.83%
- --------- * Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by a portfolio as a result of investing in shares of one or more underlying portfolios. ** Net Total Annual Operating Expenses do not reflect: (1) voluntary waivers of fees or expenses; (2) contractual waivers that are in effect for less than one year from the date of this Prospectus; or (3) expense reductions resulting from custodial fee credits or directed brokerage arrangements. + Not available under all Contracts. Availability depends on Contract issue date. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. ++ Fees and expenses of this Portfolio are based on the Portfolio's fiscal year ended October 31, 2007. (1) The manager has agreed in advance to reduce its fee from assets invested by the Fund in a Franklin Templeton money market fund (the Sweep Money Fund which is the "acquired fund" in this case) to the extent of the Fund's fees and expenses of the acquired fund. This reduction is required by the Trust's board of trustees and an exemptive order by the Securities and Exchange Commission; this arrangement will continue as long as the exemptive order is relied upon. (2) Other Expenses have been revised to reflect the estimated effect of additional prospectus and shareholder report printing and mailing expenses expected to be incurred by the fund going forward. (3) Other Expenses have been revised to reflect the estimated effect of additional prospectus and shareholder report printing and mailing expenses expected to be incurred by the fund going forward. Due to contractual waivers and/or reimbursements in place through March 1, 2009, the Portfolio's actual total net operating expenses, excluding brokerage, taxes, interest and extraordinary expenses, are not expected to exceed 0.78% prior to that date. (4) The Management Fee has been restated to reflect an amended management fee agreement, as if the agreement had been in effect during the preceding fiscal year. (5) Other Expenses have been restated to reflect a change in Transfer Agent fee schedule as if fees had been in effect during the previous fiscal year. (6) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.325% for the amounts over $1 billion but less than $2 billion. (7) The Portfolio is a "fund of funds" that invests substantially all of its assets in other portfolios of the Metropolitan Series Fund, Inc. and the Met Investors Series Trust. Because the Portfolio invests in other underlying portfolios, the Portfolio will bear its pro rata portion of the operating expenses of the underlying portfolios in which it invests, including the management fee. MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to waive fees or pay all expenses (other than acquired fund fees and 11 expenses, brokerage costs, taxes, interest and any extraordinary expenses) so as to limit the net operating expenses of the Portfolio (other than acquired fund fees and expenses, brokerage costs, taxes, interest and any extraordinary expenses) to 0.10% for the Class A shares, 0.35% for the Class B shares and 0.25% for the Class E shares. (8) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.65% for the first $1.25 billion of the Portfolio's average daily net assets, 0.60% for the next $250 million and 0.50% for amounts over $1.5 billion. EXAMPLE This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity Contracts. These costs include Contract Owner transaction expenses, Contract fees, separate account annual expenses, and Underlying Fund total annual operating expenses. This example does not represent past or future expenses. Your actual expenses may be more or less than those shown. This example assumes that you invest $10,000 in the Contract for the time periods indicated and that your investment has a 5% return each year. The example reflects the annual Contract administrative charge, factoring in that the charge is waived for contracts over a certain value. Additionally, the example is based on the minimum and maximum Underlying Fund total annual operating expenses shown above and does not reflect any Underlying Fund fee waivers and/or expense reimbursements. The example assumes you have elected all of the available optional benefits and that you have allocated all of your Contract Value to either the Underlying Fund with the maximum total annual operating expenses or the Underlying Fund with the minimum total annual operating expenses. The example assumes that the maximum charge of 1.00% for the Guaranteed Minimum Withdrawal Benefit (GMWB I or II) applies in all contract years. Your actual expenses will be less than those shown if you do not elect all of the optional benefits. The GMAB and the GMWB cannot both be elected. EXAMPLE -- This example assumes that you have elected the most expensive death benefit option, the E.S.P. optional death benefit, and the GMWB I or GMWB II (assuming the maximum charge of 1.00% applies in all contract years).
IF CONTRACT IS SURRENDERED AT THE IF CONTRACT IS NOT SURRENDERED OR END OF PERIOD SHOW ANNUITIZED AT END OF PERIOD SHOWN ---------------------------------------------- ---------------------------------------------- FUNDING OPTION 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Underlying Fund with Maximum Total Annual Operating Expenses......... $477 $1,431 $2,388 $4,790 $477 $1,431 $2,388 $4,790 Underlying Fund with Minimum Total Annual Operating Expenses......... $377 $1,142 $1,920 $3,927 $377 $1,142 $1,920 $3,927
CONDENSED FINANCIAL INFORMATION - -------------------------------------------------------------------------------- See Appendices A and B. THE ANNUITY CONTRACT - -------------------------------------------------------------------------------- Vintage Access Annuity is a contract between the Contract Owner ("you") and the Company. This is the prospectus -- it is not the Contract. The prospectus highlights many Contract provisions to focus your attention on the Contract's essential features. Your rights and obligations under the Contract will be determined by the language of the Contract itself. When you receive your Contract, we suggest you read it promptly and carefully. There may be differences in your Contract from the descriptions in this prospectus because of the requirements of the state where we issued your Contract. We will include any such differences in your Contract. The Company offers several different annuities that your investment professional may be authorized to offer to you. Each annuity offers different features and benefits that may be appropriate for you. In particular, the annuities differ based on variations in the standard and optional death benefit protection provided for your beneficiaries, the availability of optional living benefits, the ability to access your Contract Value if necessary and the charges that you will be subject to if you make a withdrawal or surrender the annuity. The separate account charges and other charges 12 may be different between each annuity we offer. Optional death benefits and living benefits are subject to a separate charge for the additional protections they offer to you and your beneficiaries. Furthermore, annuities that offer greater flexibility to access your Contract Value generally are subject to higher separate account charges than annuities that deduct charges if you make a withdrawal or surrender. We encourage you to evaluate the fees, expenses, benefits and features of this annuity against those of other investment products, including other annuity products offered by us and other insurance companies. Before purchasing this or any other investment product you should consider whether the product you purchase is consistent with your risk tolerance, investment objectives, investment time horizon, financial and tax situation, liquidity needs and how you intend to use the annuity. You make Purchase Payments to us and we credit them to your Contract. We promise to pay you an income, in the form of Annuity Payments, beginning on a future date that you choose, the Maturity Date. The Purchase Payments accumulate tax- deferred in the funding options of your choice. We offer multiple Variable Funding Options. The Contract Owner assumes the risk of gain or loss according to the performance of the Variable Funding Options. The Contract Value is the amount of Purchase Payments, plus or minus any investment experience on the amounts you allocate to the Separate Account. The Contract Value also reflects all withdrawals made and charges deducted. There is generally no guarantee that at the Maturity Date the Contract Value will equal or exceed the total Purchase Payments made under the Contract. The date the Contract and its benefits become effective is referred to as the Contract Date. Each 12-month period following the Contract Date is called a Contract Year. Certain changes and elections must be made in writing to the Company. Where the term "Written Request" is used, it means that you must send written information to our Home Office in a form and content satisfactory to us. The Contract is not available to new purchasers. However, you may continue to make additional Purchase Payments or transfer Contract Value among the Variable Funding Options. The ages of the owner and Annuitant determine which death benefits and certain optional features are available to you.
MAXIMUM AGE BASED ON THE OLDER OF THE OWNER AND DEATH BENEFIT/OPTIONAL FEATURE ANNUITANT ON THE CONTRACT/RIDER DATE - ------------------------------------------------------ ----------------------------------------------- Standard Death Benefit 80 Enhanced Death Benefit 75 Enhanced Stepped-Up Provision (E.S.P.) 75
Since optional death benefits carry higher charges, you should consider the ages of the owner and Annuitant when electing these benefits, as the additional value provided by the benefit may be significantly reduced or eliminated depending on the ages of the owner and Annuitant at the time of election. Purchase of this Contract through a tax qualified retirement plan or IRA does not provide any additional tax deferral benefits beyond those provided by the plan or the IRA. Accordingly, if you are purchasing this Contract through a plan or IRA, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. You should consult with your tax adviser to determine if this Contract is appropriate for you. CONTRACT OWNER INQUIRIES Any questions you have about your Contract should be directed to our Home Office at 800-842-9325. PURCHASE PAYMENTS Your initial Purchase Payment is due and payable before the Contract becomes effective. The initial Purchase Payment must be at least $15,000. You may make additional payments of at least $500 at any time. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death benefit proceeds. Under certain circumstances, we may waive the minimum Purchase Payment requirement. Purchase Payments over $1,000,000 may be made only with our prior consent. Purchase Payments may be made at any time while the Annuitant is alive and before the date Annuity Payments begin. 13 We accept Purchase Payments made by check or cashier's check. We do not accept cash, money orders or traveler's checks. We reserve the right to refuse Purchase Payments made via a personal check in excess of $100,000. Purchase Payments over $100,000 may be accepted in other forms, including but not limited to, EFT/wire transfers, certified checks, corporate checks, and checks written on financial institutions. The form in which we receive a Purchase Payment may determine how soon subsequent disbursement requests may be fulfilled. (See "Access To Your Money.") We will apply the initial Purchase Payment less any applicable premium tax within two business days after we receive it at our Home Office with a properly completed application or order request. If your request or other information accompanying the initial Purchase Payment is incomplete when received, we will hold the Purchase Payment for up to five business days. If we cannot obtain the necessary information within five business days, we will return the Purchase Payment in full, unless you specifically consent for us to keep it until you provide the necessary information. We will credit any subsequent Purchase Payment to a Contract on the same business day we receive it, if it is received in good order by our Home Office by 4:00 p.m. Eastern time. A business day is any day that the New York Stock Exchange is open for regular trading (except when trading is restricted due to an emergency as defined by the Securities and Exchange Commission). IF YOU SEND YOUR PURCHASE PAYMENTS OR TRANSACTION REQUESTS TO AN ADDRESS OTHER THAN THE ONE WE HAVE DESIGNATED FOR RECEIPT OF SUCH PURCHASE PAYMENTS OR REQUESTS, WE MAY RETURN THE PURCHASE PAYMENT TO YOU, OR THERE MAY BE A DELAY IN APPLYING THE PURCHASE PAYMENT OR TRANSACTION TO YOUR CONTRACT. QUALIFIED CONTRACTS UNDER SECTION 403(B). If your Contract was issued as a Qualified Contract under Section 403(b) of the Code (also called a "tax sheltered annuity" or "TSA") in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments. Such additional payments may have significant adverse tax consequences. (See "Federal Tax Consequences.") ACCUMULATION UNITS The period between the Contract Date and the Maturity Date is the accumulation period. During the accumulation period, an Accumulation Unit is used to calculate the value of a Contract. Each Variable Funding Option has a corresponding Accumulation Unit value. The Accumulation Units are valued each business day and their values may increase or decrease from day to day. The daily change in value of an Accumulation Unit each day is based on the investment performance of the corresponding Underlying Fund, and the deduction of separate account charges shown in the Fee Table in this prospectus. The number of Accumulation Units we will credit to your Contract once we receive a Purchase Payment or transfer request (or, liquidate for a withdrawal request) is determined by dividing the amount directed to each Variable Funding Option (or, taken from each Variable Funding Option) by the value of its Accumulation Unit. Normally, we calculate the value of an Accumulation Unit for each Variable Funding Option as of the close of regular trading (generally 4:00 p.m. Eastern time) each day the New York Stock Exchange is open. After the value is calculated, we credit your Contract. During the annuity period (i.e., after the Maturity Date), you are credited with Annuity Units. THE VARIABLE FUNDING OPTIONS You choose the Variable Funding Options to which you allocate your Purchase Payments. From time to time we may make new Variable Funding Options available. These Variable Funding Options are Subaccounts of the Separate Account. The Subaccounts invest in the Underlying Funds. You are not investing directly in the Underlying Fund. Each Underlying Fund is a portfolio of an open-end management investment company that is registered with the SEC under the Investment Company Act of 1940. These Underlying Funds are not publicly traded and are only offered through variable annuity contracts, variable life insurance policies, and in some instances, certain retirement plans. They are not the same as the retail mutual funds offered outside of a variable annuity or variable life insurance product, although the investment practices and fund names may be similar and the portfolio managers may be identical. Accordingly, the performance of the retail mutual fund is likely to be different from that of the Underlying Fund. We select the Underlying Funds offered through this Contract based on a number of criteria, including asset class coverage, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, performance, and the 14 capability and qualification of each investment firm. Another factor we consider during the selection process is whether the Underlying Fund's adviser or subadviser is one of our affiliates or whether the Underlying Fund, its adviser, its subadviser(s), or an affiliate will make payments to us or our affiliates. In this regard, the profit distributions we receive from our affiliated investment advisers are a component of the total revenue that we consider in configuring the features and investment choices available in the variable insurance products that we and our affiliated insurance companies issue. Since we and our affiliated insurance companies may benefit more from the allocation of assets to portfolios advised by our affiliates than those that are not, we may be more inclined to offer portfolios advised by our affiliates in the variable insurance products we issue. For additional information on these arrangements, see "Payments We Receive." We review the Underlying Funds periodically and may remove an Underlying Fund or limit its availability to new Purchase Payments and/or transfers of Contract Value if we determine that the Underlying Fund no longer meets one or more of the selection criteria, and/or if the Underlying Fund has not attracted significant allocations from Contract Owners. In some cases, we have included Underlying Funds based on recommendations made by broker-dealer firms. These broker-dealer firms may receive payments from the Underlying Funds they recommend and may benefit accordingly from the allocation of Contract Value to such Underlying Funds. When the Company develops a variable product in cooperation with a fund family or distributor (e.g. a "private label" product) the Company will generally include Underlying Funds based on recommendations made by the fund family or distributor, whose selection criteria may differ from the Company's selection criteria. WE DO NOT PROVIDE ANY INVESTMENT ADVICE AND DO NOT RECOMMEND OR ENDORSE ANY PARTICULAR UNDERLYING FUND. YOU BEAR THE RISK OF ANY DECLINE IN YOUR CONTRACT VALUE RESULTING FROM THE PERFORMANCE OF THE UNDERLYING FUNDS YOU HAVE CHOSEN. If investment in the Underlying Funds or a particular Underlying Fund is no longer possible, in our judgment becomes inappropriate for purposes of the Contract, or for any other reason in our sole discretion, we may substitute another Underlying Fund or Underlying Funds without your consent. The substituted Underlying Fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future Purchase Payments, or both. However, we will not make such substitution without any necessary approval of the Securities and Exchange Commission and applicable state insurance departments. Furthermore, we may close Underlying Funds to allocations of Purchase Payments or Contract Value, or both, at any time in our sole discretion. In certain circumstances, the Company's ability to remove or replace an Underlying Fund may be limited by the terms of a five-year agreement between MetLife, Inc. (MetLife) and Legg Mason, Inc. (Legg Mason) relating to the use of certain Underlying Funds advised by Legg Mason affiliates. The agreement sets forth the conditions under which the Company can remove an Underlying Fund, which, in some cases, may differ from the Company's own selection criteria. In addition, during the term of the agreement, subject to the Company's fiduciary and other legal duties, the Company is generally obligated in the first instance to consider Underlying Funds advised by Legg Mason affiliates in seeking to make a substitution for an Underlying Fund advised by a Legg Mason affiliate. The agreement was originally entered into on July 1, 2005 by MetLife and certain affiliates of Citigroup Inc. (Citigroup) as part of MetLife's acquisition of The Travelers Insurance Company and The Travelers Life and Annuity Company (both of which are now MetLife Insurance Company of Connecticut) from Citigroup. Legg Mason replaced the Citigroup affiliates as a party to the agreement when Citigroup sold its asset management business to Legg Mason. The agreement also obligates Legg Mason to continue making payments to the Company with respect to Underlying Funds advised by Legg Mason affiliates, on the same terms provided for in administrative services agreements between Citigroup's asset management affiliates and the Travelers insurance companies that predate the acquisition. PAYMENTS WE RECEIVE. As described above, an investment adviser (other than our affiliates MetLife Advisers, LLC, and Met Investors Advisory LLC) or subadviser of an Underlying Fund, or its affiliates, may make payments to the Company and/or certain of its affiliates. These payments may be used for a variety of purposes, including payment of expenses for certain administrative, marketing and support services with respect to the Contracts, and, in the Company's role as an intermediary, with respect to the Underlying Funds. The Company and its affiliates may profit from these payments. These payments may be derived, in whole or in part, from the advisory fee deducted from Underlying Fund assets. Contract Owners, through their indirect investment in the Underlying Funds, bear the costs of these advisory fees (see the Underlying Funds' prospectuses for more information). The amount of the payments we receive is based on a percentage of assets of the Underlying Funds attributable to the Contracts and certain other variable insurance products that the Company and its affiliates issue. These percentages differ and some advisers or subadvisers (or other affiliates) may pay the Company more than others. These percentages currently range up to 0.50%. 15 Additionally, an investment adviser or subadviser of an Underlying Fund or its affiliates may provide the Company with wholesaling services that assist in the distribution of the Contracts and may pay the Company and/or certain of its affiliates amounts to participate in sales meetings. These amounts may be significant and may provide the adviser or subadviser (or their affiliate) with increased access to persons involved in the distribution of the Contracts. The Company and/or certain of its affiliated insurance companies have joint ownership interests in its affiliated investment advisers MetLife Advisers, LLC and Met Investors Advisory LLC, which are formed as "limited liability companies." The Company's ownership interests in MetLife Advisers, LLC and Met Investors Advisory LLC entitle us to profit distributions if the adviser makes a profit with respect to the advisory fees it receives from the Underlying Fund. The Company will benefit accordingly from assets allocated to the Underlying Funds to the extent they result in profits to the advisers. (See "Fee Table -- Underlying Fund Fees and Expenses" for information on the management fees paid by the Underlying Funds and the Statement of Additional Information for the Underlying Funds for information on the management fees paid by the advisers to the subadvisers.) Certain Underlying Funds have adopted a Distribution Plan under Rule 12b-1 of the Investment Company Act of 1940. An Underlying Fund's 12b-1 Plan, if any, is described in more detail in the Underlying Fund's prospectus. (See "Fee Table -- Underlying Fund Fees and Expenses" and "Other Information -- Distribution of Variable Annuity Contracts.") Any payments we receive pursuant to those 12b-1 Plans are paid to us or our distributor, MetLife Investors Distribution Company. Payments under an Underlying Fund's 12b-1 Plan decrease the Underlying Fund's investment return. We make certain payments to American Funds Distributors, Inc., principal underwriter for the American Funds Insurance Series. (See "Distribution of Variable Annuity Contracts.") Each Underlying Fund has different investment objectives and risks. The Underlying Fund prospectuses contain more detailed information on each Underlying Fund's investment strategy, investment advisers and its fees. You may obtain an Underlying Fund prospectus by calling 800-842-9325 or through your registered representative. We do not guarantee the investment results of the Underlying Funds. The current Underlying Funds are listed below, along with their investment advisers and any subadviser:
FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- AMERICAN FUNDS INSURANCE SERIES(R) -- CLASS 2 American Funds Global Growth Fund Seeks capital appreciation Capital Research and Management through stocks. Company American Funds Growth Fund Seeks capital appreciation Capital Research and Management through stocks. Company American Funds Growth-Income Fund Seeks both capital appreciation Capital Research and Management and income. Company FIDELITY(R) VARIABLE INSURANCE PRODUCTS Contrafund(R) Seeks long-term capital Fidelity Management & Research Portfolio -- Service Class appreciation. Company Mid Cap Portfolio -- Service Seeks long-term growth of Fidelity Management & Research Class 2 capital. Company FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST -- CLASS 2 Franklin Income Securities Fund Seeks to maximize income while Franklin Advisers, Inc. maintaining prospects for capital appreciation. Franklin Small-Mid Cap Growth Seeks long-term capital growth. Franklin Advisers, Inc. Securities Fund+ Templeton Foreign Securities Fund Seeks long-term capital growth. Templeton Investment Counsel, LLC Subadviser: Franklin Templeton Investment Management Limited
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- JANUS ASPEN SERIES -- SERVICE SHARES Mid Cap Growth Portfolio Seeks long-term growth of Janus Capital Management LLC capital. LEGG MASON PARTNERS VARIABLE EQUITY TRUST Legg Mason Partners Variable Seeks capital appreciation. Legg Mason Partners Fund Advisor, Aggressive Growth LLC Portfolio -- Class I Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term appreciation of Legg Mason Partners Fund Advisor, Appreciation Portfolio -- Class capital. LLC I Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term appreciation of Legg Mason Partners Fund Advisor, Appreciation Portfolio -- Class capital. LLC II++ Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks total return (that is, a Legg Mason Partners Fund Advisor, Capital and Income combination of income and long- LLC Portfolio -- Class II term capital appreciation). Subadvisers: Western Asset Management Company; ClearBridge Advisors, LLC; Western Asset Management Company Limited Legg Mason Partners Variable Seeks capital appreciation Legg Mason Partners Fund Advisor, Capital Portfolio++ through investment in securities LLC which the portfolio managers Subadviser: ClearBridge Advisors, believe have above-average LLC capital appreciation potential. Legg Mason Partners Variable Seeks capital appreciation, Legg Mason Partners Fund Advisor, Dividend Strategy Portfolio++ principally through investments LLC in dividend-paying stocks. Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks investment results that, Legg Mason Partners Fund Advisor, Equity Index Portfolio -- Class before expenses, correspond to LLC II the price and yield performance Subadviser: Batterymarch of the S&P 500(R) Index. Financial Management, Inc. Legg Mason Partners Variable Seeks long-term capital growth. Legg Mason Partners Fund Advisor, Fundamental Value Current income is a secondary LLC Portfolio -- Class I++ consideration. Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term capital growth; Legg Mason Partners Fund Advisor, Global Equity Portfolio dividend income, if any, is LLC incidental to this goal. Subadviser: Batterymarch Financial Management, Inc. Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Investors Portfolio -- Class I capital. Current income is a LLC secondary objective. Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Large Cap Growth capital. LLC Portfolio -- Class I++ Subadviser: ClearBridge Advisors, LLC
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- Legg Mason Partners Variable Mid Seeks long-term growth of Legg Mason Partners Fund Advisor, Cap Core Portfolio -- Class I capital. LLC Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Small Cap Growth capital. LLC Portfolio -- Class I+ Subadviser: ClearBridge Advisors, LLC LEGG MASON PARTNERS VARIABLE INCOME TRUST Legg Mason Partners Variable Seeks to provide high current Legg Mason Partners Fund Advisor, Adjustable Rate Income income and to limit the degree of LLC Portfolio fluctuation of its net asset Subadviser: Western Asset value resulting from movements in Management Company interest rates. Legg Mason Partners Variable Seeks high current income. Legg Mason Partners Fund Advisor, Diversified Strategic Income LLC Portfolio+ Subadvisers: Western Asset Management Company; Western Asset Management Company Limited Legg Mason Partners Variable High Seeks high current income. Legg Mason Partners Fund Advisor, Income Portfolio Secondarily, seeks capital LLC appreciation. Subadvisers: Western Asset Management Company; Western Asset Management Company Limited Legg Mason Partners Variable Seeks to maximize current income Legg Mason Partners Fund Advisor, Money Market Portfolio consistent with preservation of LLC capital. Subadviser: Western Asset Management Company MET INVESTORS SERIES TRUST BlackRock Large Cap Core Seeks long-term capital growth. Met Investors Advisory, LLC Portfolio -- Class E Subadviser: BlackRock Advisors, LLC Clarion Global Real Estate Seeks to provide total return Met Investors Advisory, LLC Portfolio -- Class A through investment in real estate Subadviser: ING Clarion Real securities, emphasizing both Estate Securities, L.P. capital appreciation and current income. Dreman Small Cap Value Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class A Subadviser: Dreman Value Management, L.L.C. Harris Oakmark International Seeks long-term capital Met Investors Advisory, LLC Portfolio -- Class A appreciation. Subadviser: Harris Associates L.P. Janus Forty Portfolio -- Class A Seeks capital appreciation. Met Investors Advisory, LLC Subadviser: Janus Capital Management LLC Lazard Mid Cap Portfolio -- Class Seeks long-term growth of Met Investors Advisory, LLC B capital. Subadviser: Lazard Asset Management LLC Lord Abbett Growth and Income Seeks long-term growth of capital Met Investors Advisory, LLC Portfolio -- Class B and income without excessive Subadviser: Lord, Abbett & Co. fluctuation in market value. LLC
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- Lord Abbett Mid Cap Value Seeks capital appreciation Met Investors Advisory, LLC Portfolio -- Class B through investments primarily in Subadviser: Lord, Abbett & Co. equity securities which are LLC believed to be undervalued in the marketplace. Met/AIM Capital Appreciation Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class A Subadviser: Invesco Aim Capital Management, Inc. Met/AIM Small Cap Growth Seeks long-term growth of Met Investors Advisory, LLC Portfolio -- Class A capital. Subadviser: Invesco Aim Capital Management, Inc. MFS(R) Emerging Markets Equity Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B Subadviser: Massachusetts Financial Services Company MFS(R) Research International Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B+ Subadviser: Massachusetts Financial Services Company PIMCO Inflation Protected Bond Seeks to provide maximum real Met Investors Advisory, LLC Portfolio -- Class A return, consistent with Subadviser: Pacific Investment preservation of capital and Management Company LLC prudent investment management. Pioneer Fund Portfolio -- Class A Seeks reasonable income and Met Investors Advisory, LLC capital growth. Subadviser: Pioneer Investment Management, Inc. Pioneer Strategic Income Seeks a high level of current Met Investors Advisory, LLC Portfolio -- Class A income. Subadviser: Pioneer Investment Management, Inc. Third Avenue Small Cap Value Seeks long-term capital Met Investors Advisory, LLC Portfolio -- Class B appreciation. Subadviser: Third Avenue Management LLC METROPOLITAN SERIES FUND, INC. BlackRock Aggressive Growth Seeks maximum capital MetLife Advisers, LLC Portfolio -- Class D appreciation. Subadviser: BlackRock Advisors, LLC BlackRock Bond Income Seeks a competitive total return MetLife Advisers, LLC Portfolio -- Class E primarily from investing in Subadviser: BlackRock Advisors, fixed-income securities. LLC Capital Guardian U.S. Equity Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class A capital. Subadviser: Capital Guardian Trust Company FI Large Cap Portfolio -- Class A Seeks long-term growth of MetLife Advisers, LLC capital. Subadviser: Pyramis Global Advisors, LLC FI Value Leaders Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class D capital. Subadviser: Pyramis Global Advisors, LLC Jennison Growth Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class A+ capital. Subadviser: Jennison Associates LLC MetLife Aggressive Allocation Seeks growth of capital. MetLife Advisers, LLC Portfolio -- Class B MetLife Conservative Allocation Seeks high level of current MetLife Advisers, LLC Portfolio -- Class B income, with growth of capital as a secondary objective.
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- MetLife Conservative to Moderate Seeks high total return in the MetLife Advisers, LLC Allocation Portfolio -- Class B form of income and growth of capital, with a greater emphasis on income. MetLife Moderate Allocation Seeks a balance between a high MetLife Advisers, LLC Portfolio -- Class B level of current income and growth of capital, with a greater emphasis on growth of capital. MetLife Moderate to Aggressive Seeks growth of capital. MetLife Advisers, LLC Allocation Portfolio -- Class B MFS(R) Total Return Seeks a favorable total return MetLife Advisers, LLC Portfolio -- Class F through investment in a Subadviser: Massachusetts diversified portfolio. Financial Services Company MFS(R) Value Portfolio -- Class A Seeks capital appreciation and MetLife Advisers, LLC reasonable income. Subadviser: Massachusetts Financial Services Company Oppenheimer Global Equity Seeks capital appreciation. MetLife Advisers, LLC Portfolio -- Class B Subadviser: OppenheimerFunds, Inc. T. Rowe Price Large Cap Growth Seeks long-term growth of capital MetLife Advisers, LLC Portfolio -- Class B+ and, secondarily, dividend Subadviser: T. Rowe Price income. Associates, Inc. PIMCO VARIABLE INSURANCE TRUST -- ADMINISTRATIVE CLASS Total Return Portfolio Seeks maximum total return, Pacific Investment Management consistent with preservation of Company LLC capital and prudent investment management.
- --------- + Not available under all Contracts. Availability depends on Contract issue date. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. Certain Variable Funding Options may have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds." CHARGES AND DEDUCTIONS - -------------------------------------------------------------------------------- GENERAL We deduct the charges described below. The charges are for the services and benefits we provide, costs and expenses we incur, and risks we assume under the Contracts. Services and benefits we provide include: - the ability for you to make withdrawals and surrenders under the Contracts - the death benefit paid on the death of the Contract Owner, Annuitant, or first of the joint owners - the available funding options and related programs (including dollar cost averaging, portfolio rebalancing, and systematic withdrawal programs) - administration of the annuity options available under the Contracts - the distribution of various reports to Contract Owners 20 Costs and expenses we incur include: - losses associated with various overhead and other expenses associated with providing the services and benefits provided by the Contracts - sales and marketing expenses including commission payments to your registered representative - other costs of doing business Risks we assume include: - that Annuitants may live longer than estimated when the annuity factors under the Contracts were established - that the amount of the death benefit will be greater than the Contract Value - that the costs of providing the services and benefits under the Contracts will exceed the charges deducted We may also deduct a charge for taxes. Unless otherwise specified, charges are deducted proportionately from all funding options in which you are invested. The amount of a charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designated charge. We may also profit on one or more of the charges. We may use any such profits for any corporate purpose, including the payment of sales expenses. TRANSFER CHARGE We reserve the right to assess a transfer charge of up to $10.00 on transfers exceeding 12 per year. We will notify you in writing at your last known address at least 31 days before we impose any such transfer charge. ADMINISTRATIVE CHARGES There are two administrative charges: the $30 annual Contract administrative charge and the administrative expense charge. The annual Contract administrative charge will be deducted on a pro-rata basis from amounts allocated to the Variable Funding Options. We will deduct this charge on the fourth Friday of each August. This charge compensates us for expenses incurred in establishing and maintaining the Contract and we will prorate this charge (i.e. calculate) from the date of purchase. We will prorate this charge if you surrender your Contract, or if we terminate your Contract. We will not deduct a Contract administrative charge: (1) from the distribution of death proceeds; (2) after an annuity payout has begun; or (3) if the Contract Value on the date of assessment equals or is greater than $40,000. We deduct the administrative expense charge (sometimes called "Subaccount administrative charge") on each business day from amounts allocated to the Variable Funding Options to compensate the Company for certain related administrative and operating expenses. The charge equals, on an annual basis, 0.15% of the daily net asset value allocated to each of the Variable Funding Options, and is reflected in our Accumulation and Annuity Unit value calculations. MORTALITY AND EXPENSE RISK CHARGE Each business day, we deduct a mortality and expense risk ("M&E") charge from amounts held in the Variable Funding Options. We reflect the deduction in our calculation of Accumulation and Annuity Unit values. The charges stated are the maximum for this product. We reserve the right to lower this charge at any time. If you choose the Standard Death Benefit, the M&E charge is equal to 1.65% annually. If you choose the Enhanced Death Benefit, the M&E charge is equal to 1.85% annually. This charge compensates the Company for risks assumed, benefits provided and expenses incurred, including the payment of commissions to your registered representative. 21 ENHANCED STEPPED-UP PROVISION CHARGE If the E.S.P. option is selected, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge equals, on an annual basis, 0.20% of the amounts held in each funding option. The E.S.P. option is available if the owner and Annuitant are both age 75 or younger on the Contract Date. GUARANTEED MINIMUM WITHDRAWAL BENEFIT CHARGE If you elect to add a GMWB rider to your Contract, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge depends on which GWMB rider you select. The current charge for each rider is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. These GMWB riders may be elected only at the time of your initial purchase of the Contract. VARIABLE FUNDING OPTION EXPENSES We summarized the charges and expenses of the Underlying Funds in the fee table. Please review the prospectus for each Underlying Fund for a more complete description of that fund and its expenses. Underlying Fund expenses are not fixed or guaranteed and are subject to change by the Fund. PREMIUM TAX Certain state and local governments charge premium taxes ranging from 0% to 3.5%, depending upon jurisdiction. We are responsible for paying these taxes and will determine the method used to recover premium tax expenses incurred. We will deduct any applicable premium taxes from your Contract Value either upon death, surrender, annuitization, or at the time you make Purchase Payments to the Contract, but no earlier than when we have a tax liability under state law. CHANGES IN TAXES BASED UPON PREMIUM OR VALUE If there is any change in a law assessing taxes against the Company based upon premiums, contract gains or value of the Contract, we reserve the right to charge you proportionately for this tax. TRANSFERS - -------------------------------------------------------------------------------- Subject to the limitations described below, you may transfer all or part of your Contract Value between Variable Funding Options at any time up to 30 days before the Maturity Date. After the Maturity Date, you may make transfers only if allowed by your Contract or with our consent. Transfer requests received at our Home Office that are in good order before the close of the New York Stock Exchange (NYSE) will be processed according to the value(s) next computed following the close of business. Transfer requests received on a non-business day or after the close of the NYSE will be processed based on the value(s) next computed on the next business day. Where permitted by state law, we reserve the right to restrict transfers from the Variable Funding Options to the Fixed Account whenever the credited interest rate on the Fixed Account is equal to the minimum guaranteed interest rate specified under the Contract. Currently, there are no charges for transfers; however, we reserve the right to charge a fee for any transfer request which exceeds twelve per year. Since each Underlying Fund may have different overall expenses, a transfer of Contract Values from one Variable Funding Option to another could result in your investment becoming subject to higher or lower expenses. Also, when making transfers, you should consider the inherent risks associated with the Variable Funding Options to which your Contract Value is allocated. MARKET TIMING/EXCESSIVE TRADING Frequent requests from Contract Owners to transfer Contract Value may dilute the value of an Underlying Fund's shares if the frequent trading involves an attempt to take advantage of pricing inefficiencies created by a lag between 22 a change in the value of the securities held by the Underlying Fund and the reflection of that change in the Underlying Fund's share price ("arbitrage trading"). Regardless of the existence of pricing inefficiencies, frequent transfers may also increase brokerage and administrative costs of the Underlying Funds and may disrupt Underlying Fund management strategy, requiring an Underlying Fund to maintain a high cash position and possibly resulting in lost investment opportunities and forced liquidations ("disruptive trading"). Accordingly, arbitrage trading and disruptive trading activities (referred to collectively as "market timing") may adversely affect the long-term performance of the Underlying Funds, which may in turn adversely affect Contract Owners and other persons who may have an interest in the Contracts (e.g., annuitants and beneficiaries). We have policies and procedures that attempt to detect and deter frequent transfers in situations where we determine there is a potential for arbitrage trading. Currently, we believe that such situations may be presented in the international, small-cap, and high-yield Underlying Funds, i.e., American Funds Global Growth Fund, Franklin Small-Mid Cap Growth Securities Fund, Templeton Foreign Securities Fund, Legg Mason Partners Variable Global Equity Portfolio, Legg Mason Partners Variable Small Cap Growth Portfolio, Legg Mason Partners Variable Diversified Strategic Income Portfolio, Legg Mason Partners Variable High Income Portfolio, Clarion Global Real Estate Portfolio, Dreman Small Cap Value Portfolio, Harris Oakmark International Portfolio, Met/AIM Small Cap Growth Portfolio, MFS(R) Emerging Markets Equity Portfolio, MFS(R) Research International Portfolio, Pioneer Strategic Income Portfolio, Third Avenue Small Cap Value Portfolio, and Oppenheimer Global Equity Portfolio (the "Monitored Portfolios"), and we monitor transfer activity in those Monitored Portfolios. In addition, as described below, we treat all American Funds Insurance Series portfolios ("American Funds portfolios") as Monitored Portfolios. We employ various means to monitor transfer activity, such as examining the frequency and size of transfers into and out of the Monitored Portfolios within given periods of time. For example, we currently monitor transfer activity to determine if, for each of the Monitored Portfolios, in a three-month period there were two or more "round-trips" of a certain dollar amount or greater. A round-trip is defined as a transfer in followed by a transfer out within the next 10 calendar days, or a transfer out followed by a transfer in within the next 10 calendar days. In the case of a Contract that has been restricted previously, a single round-trip of a certain dollar amount or greater will trigger the transfer restrictions described below. We do not believe that other Underlying Funds present a significant opportunity to engage in arbitrage trading and therefore do not monitor transfer activity in those Underlying Funds. We may change the Monitored Portfolios at any time without notice in our sole discretion. In addition to monitoring transfer activity in certain Underlying Funds, we rely on the Underlying Funds to bring any potential disruptive trading activity they identify to our attention for investigation on a case-by-case basis. We will also investigate other harmful transfer activity that we identify from time to time. We may revise these policies and procedures in our sole discretion at any time without prior notice. AMERICAN FUNDS MONITORING POLICY. As a condition to making their portfolios available in our products, American Funds requires us to treat all American Funds portfolios as Monitored Portfolios under our current market timing and excessive trading policies and procedures. Further, American Funds requires us to impose additional specified monitoring criteria for all American Funds portfolios available under the Contract, regardless of the potential for arbitrage trading. We are required to monitor transfer activity in American Funds portfolios to determine if there were two or more transfers in followed by transfers out, in each case of a certain dollar amount or greater, in any 30-day period. A first violation of the American Funds monitoring policy will result in a written notice of violation; any additional violation will result in the imposition of the transfer restrictions described below. Further, as Monitored Portfolios, American Funds portfolios also will be subject to our current market timing and excessive trading policies, procedures and restrictions, and transfer restrictions may be imposed upon a violation of either monitoring policy. Our policies and procedures may result in transfer restrictions being applied to deter market timing. Currently, when we detect transfer activity in the Monitored Portfolios that exceeds our current transfer limits, or other transfer activity that we believe may be harmful to other Owners or other persons who have an interest in the Contracts, we will exercise our contractual right to restrict your number of transfers to one every six months. In addition, we also reserve the right, but do not have the obligation, to further restrict the right to request transfers by any market timing firm or any other third party who has been authorized to initiate transfers on behalf of multiple Contract Owners. We may, among other things: - reject the transfer instructions of any agent acting under a power of attorney on behalf of more than one Owner, or 23 - reject the transfer or exchange instructions of individual Owners who have executed pre-authorized transfer forms which are submitted by market timing firms or other third parties on behalf of more than one Owner. Transfers made under a Dollar Cost Averaging Program, a rebalancing program or, if applicable, any asset allocation program described in this prospectus are not treated as transfers when we evaluate trading patterns for market timing. The detection and deterrence of harmful transfer activity involves judgments that are inherently subjective, such as the decision to monitor only those Underlying Funds that we believe are susceptible to arbitrage trading or the determination of the transfer limits. Our ability to detect and/or restrict such transfer activity may be limited by operational and technological systems, as well as our ability to predict strategies employed by Owners to avoid such detection. Our ability to restrict such transfer activity also may be limited by provisions of the Contract. Accordingly, there is no assurance that we will prevent all transfer activity that may adversely affect Owners and other persons with interests in the Contracts. We do not accommodate market timing in any Underlying Fund and there are no arrangements in place to permit any Contract Owner to engage in market timing; we apply our policies and procedures without exception, waiver, or special arrangement. The Underlying Funds may have adopted their own policies and procedures with respect to frequent purchases and redemptions of their respective shares and we reserve the right to enforce these policies and procedures. For example, Underlying Funds may assess a redemption fee (which we reserve the right to collect) on shares held for a relatively short period. The prospectuses for the Underlying Funds describe any such policies and procedures, which may be more or less restrictive than the policies and procedures we have adopted. Although we may not have the contractual authority or the operational capacity to apply the frequent trading policies and procedures of the Underlying Funds, we have entered into a written agreement, as required by SEC regulation, with each Underlying Fund or its principal underwriter that obligates us to provide to the Underlying Fund promptly upon request certain information about the trading activity of individual Contract Owners, and to execute instructions from the Underlying Fund to restrict or prohibit further purchases or transfers by specific Contract Owners who violate the frequent trading policies established by the Underlying Fund. In addition, Contract Owners and other persons with interests in the contracts should be aware that the purchase and redemption orders received by the Underlying Funds generally are "omnibus" orders from intermediaries, such as separate accounts funding variable insurance contracts or retirement plans. The omnibus orders reflect the aggregation and netting of multiple orders from individual owners of variable insurance contracts and/or individual retirement plan participants. The omnibus nature of these orders may limit the Underlying Funds in their ability to apply their frequent trading policies and procedures. In addition, the other insurance companies and/or retirement plans may have different policies and procedures or may not have any such policies and procedures because of contractual limitations. For these reasons, we cannot guarantee that the Underlying Funds (and thus Contract Owners) will not be harmed by transfer activity relating to other insurance companies and/or retirement plans that may invest in the Underlying Funds. If an Underlying Fund believes that an omnibus order reflects one or more transfer requests from Contract Owners engaged in disruptive trading activity, the Underlying Fund may reject the entire omnibus order. In accordance with applicable law, we reserve the right to modify or terminate the transfer privilege at any time. We also reserve the right to defer or restrict the transfer privilege at any time that we are unable to purchase or redeem shares of any of the Underlying Funds, including any refusal or restriction on purchases or redemptions of their shares as a result of their own policies and procedures on market timing activities (even if an entire omnibus order is rejected due to the market timing activity of a single Contract Owner). You should read the Underlying Fund prospectuses for more details. DOLLAR COST AVERAGING Dollar cost averaging or the pre-authorized transfer program (the "DCA Program") allows you to transfer a set dollar amount to other funding options on a monthly or quarterly basis during the accumulation phase of the Contract. Using this method, you will purchase more Accumulation Units in a funding option if the value per unit is low and will purchase fewer Accumulation Units if the value per unit is high. Therefore, you may achieve a lower-than-average cost per unit in the long run if you have the financial ability to continue the program over a long enough period of time. Dollar cost averaging does not assure a profit or protect against a loss. 24 You may elect the DCA Program through Written Request or other method acceptable to us. You must have a minimum total Contract Value of $5,000 to enroll in the DCA Program. The minimum amount that may be transferred through this program is $400. There is no additional fee to participate in the DCA Program. You may start or stop participation in the DCA Program at any time, but you must give the Company at least 30 days' notice to change any automated transfer instructions that are currently in place. You may only have one DCA Program in place at one time. We will allocate any subsequent Purchase Payments we receive within the program period selected to the current funding options over the remainder of that Program transfer period, unless you direct otherwise. All provisions and terms of the Contract apply to the DCA Program, including provisions relating to the transfer of money between funding options. Transfers made under any DCA Program will not be counted for purposes of restrictions we may impose on the number of transfers permitted under the Contract. We reserve the right to suspend or modify transfer privileges at any time and to assess a processing fee for this service. ACCESS TO YOUR MONEY - -------------------------------------------------------------------------------- Any time before the Maturity Date, you may redeem all or any portion of the Cash Surrender Value, that is, the Contract Value less any any premium tax not previously deducted. Unless you submit a Written Request specifying the Variable Funding Option(s) from which we are to withdraw amounts, we will make the withdrawal on a pro rata basis. We will determine the Cash Surrender Value as of the close of business after we receive your surrender request at our Home Office. The Cash Surrender Value may be more or less than the Purchase Payments you made. You may not make withdrawals during the annuity period. We may defer payment of any Cash Surrender Value for a period of up to five business days after the Written Request is received. It is our intent to pay as soon as possible. We cannot process requests for withdrawals that are not in good order. We will contact you if there is a deficiency causing a delay and will advise what is needed to act upon the withdrawal request. We may withhold payment of surrender or withdrawal proceeds if any portion of those proceeds would be derived from a Contract Owner's check that has not yet cleared (i.e., that could still be dishonored by your banking institution). We may use telephone, fax, Internet or other means of communications to verify that payment from the Contract Owner's check has been or will be collected. We will not delay payment longer than necessary for us to verify that payment has been or will be collected. Contract Owners may avoid the possibility of delay in the disbursement of proceeds coming from a check that has not yet cleared by providing us with a certified check. If your Contract is issued as part of a 403(b) plan, there are restrictions on your ability to make withdrawals from your Contract. You may not withdraw contributions or earnings made to your Contract after December 31, 1988 unless you are (a) age 59 1/2, (b) no longer employed, (c) deceased, (d) disabled, or (e) experiencing a financial hardship. Even if you are experiencing a financial hardship, you may only withdraw contributions, not earnings. You should consult with your tax adviser before making a withdrawal from your Contract. SYSTEMATIC WITHDRAWALS Before the Maturity Date, you may choose to withdraw a specified dollar amount (at least $100) on a monthly, quarterly, semiannual or annual basis. We will deduct any applicable premium taxes. To elect systematic withdrawals, you must have a Contract Value of at least $15,000 and you must make the election on the form we provide. We will surrender Accumulation Units pro rata from all funding options in which you have an interest, unless you instruct us otherwise. You may begin or discontinue systematic withdrawals at any time by notifying us in writing, but you must give at least 30 days' notice to change any systematic withdrawal instructions that are currently in place. We reserve the right to discontinue offering systematic withdrawals or to assess a processing fee for this service upon 30 days' written notice to Contract Owners (where allowed by state law). There is currently no additional fee for electing systematic withdrawals. 25 Each systematic withdrawal is subject to federal income taxes on the taxable portion and may be subject to Contract charges. In addition, a 10% federal penalty tax may be assessed on systematic withdrawals if the Contract Owner is under age 59 1/2. You should consult with your tax adviser regarding the tax consequences of systematic withdrawals. MANAGED DISTRIBUTION PROGRAM. Under the systematic withdrawal option, you may choose to participate in the Managed Distribution Program. At no cost to you, you may instruct us to calculate and make minimum distributions that may be required by the IRS upon reaching age 70 1/2. (See "Federal Tax Considerations.") No Dollar Cost Averaging will be permitted if you are participating in the Managed Distribution Program. OWNERSHIP PROVISIONS - -------------------------------------------------------------------------------- TYPES OF OWNERSHIP CONTRACT OWNER The Contract belongs to the Contract Owner named in the Contract (on the Contract Specifications page), or to any other person to whom you subsequently assign the Contract. You may only make an assignment of ownership or a collateral assignment for Non-qualified Contracts. You have sole power during the Annuitant's lifetime to exercise any rights and to receive all benefits given in the Contract provided you have not named an irrevocable beneficiary and provided you have not assigned the Contract. You receive all payments while the Annuitant is alive unless you direct them to an alternate recipient. An alternate recipient does not become the Contract Owner. If this Contract is purchased by a beneficiary of another contract who directly transferred the death proceeds due under that contract, he/she will be granted the same rights the owner has under the Contract except that he/she cannot transfer ownership, or make additional Purchase Payments. Joint Owner. For Non-qualified Contracts only, you may name joint owners (e.g., spouses) in a Written Request before the Contract is in effect. Joint owners may independently exercise transfers allowed under the Contract. All other rights of ownership must be exercised by both owners. Joint owners own equal shares of any benefits accruing or payments made to them. BENEFICIARY You name the beneficiary in a Written Request. The beneficiary has the right to receive any death benefit proceeds remaining under the Contract upon the death of the Annuitant or the Contract Owner. If more than one beneficiary survives the Annuitant or Contract Owner, they will share equally in benefits unless you recorded different shares with the Company by Written Request before the death of the Annuitant or Contract Owner. In the case of a non-spousal beneficiary or a spousal beneficiary who has not chosen to assume the Contract, we will not transfer or otherwise remove the death benefit proceeds from the Variable Funding Options, as most recently elected by the Contract Owner, until the Death Report Date. Unless you have named an irrevocable beneficiary you have the right to change any beneficiary by Written Request during the lifetime of the Annuitant and while the Contract continues. ANNUITANT The Annuitant is designated in the Contract (on the Contract Specifications page), and is the individual on whose life the Maturity Date and the amount of the monthly Annuity Payments depend. You may not change the Annuitant after your Contract is in effect. Please note that naming different persons as owner and Annuitant may affect whether certain benefits are payable, the amount of those benefits, and who will receive them. Use care when naming owners, Annuitants and beneficiaries, and consult your agent if you have questions. 26 Contingent Annuitant. You may name one individual as a Contingent Annuitant. A Contingent Annuitant may not be changed, deleted or added to the Contract after the Contract Date. If the Annuitant who is not the owner dies prior to the Maturity Date, and the Contingent Annuitant is still living: - the death benefit will not be payable upon the Annuitant's death - the Contingent Annuitant becomes the Annuitant - all other rights and benefits will continue in effect When a Contingent Annuitant becomes the Annuitant, the Maturity Date remains the same as previously in effect. If the Annuitant is also the owner, a death benefit is paid to the beneficiary regardless of whether or not there is a Contingent Annuitant. DEATH BENEFIT - -------------------------------------------------------------------------------- Before the Maturity Date, generally, a death benefit is payable when either the Annuitant or a Contract Owner dies. We calculate the death benefit at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or election of spousal or beneficiary contract continuance ("Death Report Date"). There are age restrictions on certain death benefits (see The Annuity Contract section). Note: If the owner dies before the Annuitant, the death benefit is recalculated replacing all references to "Annuitant" with "owner." DEATH PROCEEDS BEFORE THE MATURITY DATE STANDARD DEATH BENEFIT If the Annuitant is less than age 80 on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greatest of a), b) or c) below, less any applicable premium tax. If the Annuitant is 80 or older on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater of a) or b) below, less any applicable premium tax. a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** ENHANCED DEATH BENEFIT If the Annuitant dies before age 80 and before the Maturity Date, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date; b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** If the Annuitant dies before the Maturity Date and on or after age 80, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date 27 b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** available at the Annuitant's 80th birthday, plus any additional Purchase Payments and minus any partial surrender reductions (as described below) which occur after the Annuitant's 80th birthday * If you have elected a GMWB Rider (Principal Guarantee) your adjusted Purchase Payment will NOT be calculated as described below but will be equal to your aggregate Purchase Payments minus your aggregate withdrawals from the date you purchase the rider. ** Your Step-Up Value or the Roll-Up Death Benefit will be subjected to the partial surrender reduction below even if you have elected a GMWB rider. ADJUSTED PURCHASE PAYMENT: The initial Adjusted Purchase Payment is equal to the initial Purchase Payment. Whenever any additional Purchase Payment(s) are made, the Adjusted Purchase Payment is increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the Adjusted Purchase Payment is reduced by a Partial Surrender Reduction as described below. STEP UP VALUE: The Step-Up Value will initially equal the Contract Value on the first Contract Date anniversary. On each subsequent Contract Date anniversary that occurs before the Annuitant's 80th birthday and before the Annuitant's death, if the Contract Value is greater than the Step-Up Value, the Step-Up Value will be increased to equal the Contract Value on that date. If the Step-Up Value is greater than the Contract Value, the Step-Up Value will remain unchanged. Whenever a Purchase Payment is made, the Step-Up Value will be increased by the amount of that Purchase Payment. Whenever a partial surrender is taken, the Step-Up Value will be reduced by a Partial Surrender Reduction as described below. The only changes made to the Step-Up Value on or after the Annuitant's 80th birthday will be those related to additional Purchase Payments or partial surrenders as described above. ROLL UP DEATH BENEFIT VALUE: On the Contract Date, the Roll-Up Death Benefit Value is equal to the Purchase Payment. On each Contract Date anniversary, the Roll-Up Death Benefit Value will be recalculated to equal (a) plus (b) minus (c), increased by 5%, where: (a) is the Roll-Up Death Benefit as of the previous Contract Date anniversary (b) any Purchase Payments made during the previous Contract Year (c) any Partial Surrender Reductions (as described below) during the previous Contract Year On dates other than the Contract Date anniversary, the roll-up death benefit value will equal (a) plus (b) minus (c), where: (a) the Roll-Up Death Benefit Value on the previous Contract Date anniversary (b) any Purchase Payments made since the previous Contract Date anniversary (c) any Partial Surrender Reductions (as described below) since the previous Contract Date anniversary. The maximum Roll-Up Death Benefit equals 200% of the difference between all Purchase Payments and all partial surrender reductions (as described below). PARTIAL SURRENDER REDUCTION: ADJUSTED PURCHASE PAYMENT. The Partial Surrender Reduction is equal to (1) the Adjusted Purchase Payment in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. 28 STEP-UP VALUE AND ROLL-UP VALUE. The Partial Surrender Reduction is equal to (1) the amount of the death benefit value (Step-Up or Roll-Up Value) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. The following examples apply to the Adjusted Purchase Payment, Step-Up Value or Roll-Up Value. Assume your current Contract Value is $55,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce death benefit as follows: 50,000 x (10,000/55,000) = $9,090 Your new death benefit would be 50,000-9,090, or $40,910. The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce the death benefit as follows: 50,000 x (10,000/30,000) = $16,666 Your new death benefit would be 50,000-16,666, or $33,334. If you elect GMWB at the time you purchase your Contract, and your death benefit is equal to a return of your Purchase Payments reduced by any applicable partial surrender reduction, the partial surrender reduction will not be applied to your death benefit. Instead, if you have made withdrawals under your contract, your death benefit will be reduced by the amount of those withdrawals and any premium tax not previously deducted. Likewise, if you elect GMWB after your Contract Date, and your death benefit is equal to a return of your Purchase Payments reduced by any applicable partial surrender reduction, the Partial Surrender Reduction will not be applied to your death benefit as of the date you elect the GMWB. Instead, if you have made withdrawals under your contract after you have elected GMWB, your death benefit will be reduced by the amount of those withdrawals and any premium tax not previously deducted. ENHANCED STEPPED-UP PROVISION ("E.S.P.") THIS PROVISION IS NOT AVAILABLE TO A CUSTOMER WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. THIS PROVISION MUST BE ELECTED AT TIME OF APPLICATION. If you have selected the E.S.P., the total death benefit as of the Death Report Date will equal the death benefit described above plus the greater of zero or the following amount: IF THE ANNUITANT IS YOUNGER THAN AGE 70 ON THE CONTRACT DATE, 40% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date; or IF THE ANNUITANT IS BETWEEN THE AGES OF 70 AND 75 ON THE CONTRACT DATE, 25% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are both received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date. THE INITIAL MODIFIED PURCHASE PAYMENT IS EQUAL TO THE INITIAL CONTRACT VALUE. Whenever an additional Purchase Payment is made, the modified Purchase Payment(s) are increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the modified Purchase Payment(s) are reduced by a partial surrender reduction as described below. THE PARTIAL SURRENDER REDUCTION IS EQUAL TO: (1) the modified Purchase Payment(s) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. For example, assume your current modified Purchase Payment is $50,000 and that your current Contract Value is $55,000. You decide to make a withdrawal of $10,000. We would reduce the modified Purchase Payment as follows: 50,000 X (10,000/55,000) = $9,090 29 You new modified Purchase Payment would be 50,000-9,090 = $40,910. The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If your current modified Purchase Payment is $50,000 and you decide to make a withdrawal of $10,000, we would reduce the modified Purchase Payment as follows: 50,000 X (10,000/30,000) = $16,666 Your new modified Purchase Payment would be 50,000-16,666 = $33,334. PAYMENT OF PROCEEDS We describe the process of paying death benefit proceeds before the Maturity Date in the charts below. The charts do not encompass every situation and are merely intended as a general guide. More detailed information is provided in your Contract. Generally, the person(s) receiving the benefit may request that the proceeds be paid in a lump sum, or be applied to one of the settlement options available under the Contract. NON-QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS NOT THE The beneficiary (ies), or if The beneficiary elects to Yes ANNUITANT) (WITH NO JOINT none, to the Contract continue the Contract rather OWNER) Owner's estate. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS THE ANNUITANT) The beneficiary (ies), or if The beneficiary elects to Yes (WITH NO JOINT OWNER) none, to the Contract continue the Contract rather Owner's estate. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The surviving joint owner. Yes IS NOT THE ANNUITANT) - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The beneficiary (ies), or, The beneficiary elects to Yes IS THE ANNUITANT) if none, to the surviving continue the Contract rather joint owner. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The surviving joint owner. The spousal joint owner Yes NOT THE ANNUITANT) elects to continue the Contract. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The beneficiary (ies), or, The spouse elects to Yes THE ANNUITANT) if none, to the surviving continue the Contract. joint owner. A spouse who is not the beneficiary may decline to continue the Contract and instruct the Company to pay the beneficiary. - --------------------------------------------------------------------------------------------------------------
30
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS NOT THE CONTRACT OWNER) The beneficiary (ies), or if The beneficiary elects to Yes none, to the Contract continue the Contract rather Owner. If the Contract than receive a lump sum Owner is not living, then distribution. to the joint owner. If none, then to the Contract Owner's estate. But, if there is a Contingent Annuitant, then the Contingent Annuitant becomes the Annuitant and the Contract continues in effect (generally using the original Maturity Date). The proceeds will then be paid upon the death of the Contingent Annuitant or owner. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS THE See death of "owner who is Yes CONTRACT OWNER) the Annuitant" above. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHERE OWNER IS A The beneficiary (ies), or if Yes (Death of NON-NATURAL ENTITY/TRUST) none, to the owner. Annuitant is treated as death of the owner in these circumstances.) - -------------------------------------------------------------------------------------------------------------- CONTINGENT ANNUITANT No death proceeds are N/A (ASSUMING ANNUITANT IS STILL payable; Contract continues. ALIVE) - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- BEFORE THE MATURITY DATE, THE COMPANY WILL MANDATORY PAYOUT UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... RULES APPLY * - -------------------------------------------------------------------------------------------------------------- OWNER/ANNUITANT The beneficiary (ies), or if The beneficiary elects to Yes none, to the Contract continue the Contract rather Owner's estate. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
- --------- * Certain payout rules of the Code are triggered upon the death of any owner. Non-spousal beneficiaries (as well as spousal beneficiaries who choose not to assume the Contract) must begin taking distributions based on the beneficiary's life expectancy within one year of death or take a complete distribution of contract proceeds within 5 years of death. Spousal beneficiaries must choose to continue the Contract as 31 allowed under the spousal contract continuance provision described below within one year of death. For Qualified Contracts, if mandatory distributions have already begun at the death of the Annuitant, the 5-year payout option is not available. SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY -- DOES NOT APPLY IF A NON-SPOUSE IS A JOINT OWNER) Within one year of your death, if your spouse is named as an owner and/or beneficiary, and you die before the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. If you were the Annuitant and your spouse elects to continue the Contract, your spouse will be named the Annuitant as of the Death Report Date. If your spouse elects to continue the Contract as Contract Owner, the death benefit will be calculated as of the Death Report Date. If the Contract Value is less than the calculated death benefit, the Contract Value will be increased to equal the death benefit. This amount is referred to as the adjusted Contract Value. Any difference between the Contract Value and the adjusted Contract Value will be allocated to the funding options in the same proportion as the allocations of the Contract prior to the Death Report Date. The terms and conditions that applied to the original Contract (including Contract fees and charges) will also apply to the continued Contract, with certain exceptions described in the Contract. All other benefits and features of your Contract will be based on your spouse's age on the Death Report Date as if your spouse had purchased the Contract with the adjusted Contract Value on the Death Report Date. This spousal contract continuance is available only once for each Contract. For purposes of the death benefit on the continued Contract, the death benefit will be calculated the same as prior to continuance except all values used to calculate the death benefit, which may include a Step-Up Value or Roll-Up Death Benefit Value (depending on the optional benefit), are reset on the date the spouse continues the contract. Spousal continuation will not satisfy required minimum distribution rules for Qualified Contracts other than IRAs. In addition, because the contract proceeds must be distributed within the time periods required by the federal Internal Revenue Code, the right of a spouse to continue the contract, and all contract provisions relating to spousal continuation, are available only to a person who is defined as a "spouse" under the federal Defense of Marriage Act, or any other applicable federal law. Please consult a tax advisor before electing this option. BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES) If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the Death Report Date, (more than $1,000,000 is subject to Home Office approval), your beneficiary(ies) may elect to continue his/her portion of the Contract subject to applicable Internal Revenue Code distribution requirements, rather than receive the death benefit in a lump sum. If the beneficiary chooses to continue the Contract, the beneficiary can extend the payout phase of the Contract enabling the beneficiary to "stretch" the death benefit distributions out over his life expectancy as permitted by the Internal Revenue Code. If your beneficiary elects to continue the Contract, the death benefit will be calculated as of the Death Report Date. The initial Contract Value of the continued Contract (the "adjusted Contract Value") will equal the greater of the Contract Value or the death benefit calculated on the Death Report Date and will be allocated to the funding options in the same proportion as prior to the Death Report Date. If the adjusted Contract Value is allocated to the Variable Funding Options, the beneficiary bears the investment risk. The beneficiary who continues the Contract will be granted the same rights as the owner under the original Contract, except the beneficiary cannot: - transfer ownership - take a loan - make additional Purchase Payments The beneficiary may also name his/her own beneficiary ("succeeding beneficiary") and has the right to take withdrawals at any time after the Death Report Date. The E.S.P. option is not available to a beneficiary continuing the Contract under this provision. All other fees and charges applicable to the original Contract will also apply to the continued Contract; the E.S.P. charge no longer applies. All benefits and features of the continued Contract will be 32 based on the beneficiary's age on the Death Report Date as if the beneficiary had purchased the Contract with the adjusted Contract Value on the Death Report Date. DEATH PROCEEDS AFTER THE MATURITY DATE If any Contract Owner or the Annuitant dies on or after the Maturity Date, the Company will pay the beneficiary a death benefit consisting of any benefit remaining under the annuity option then in effect. LIVING BENEFITS - -------------------------------------------------------------------------------- GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "PRINCIPAL GUARANTEE") For an additional charge, you may elect an optional rider for your Contract that provides a Guaranteed Minimum Withdrawal Benefit, or "GMWB". A GMWB rider is designed to protect your investment from poor market performance, as long as you do not withdraw more than a certain amount from your Contract each year. AVAILABILITY AND ELIGIBILITY We offer several different GMWB riders so that you can choose the level of benefits and costs that makes the most sense for you. This prospectus offers different GMWB riders, and the availability of each depends on when you purchase your Contract and your state of residence. The GMWB riders described in this prospectus are called "GMWB I", "GMWB II", and "GMWB III" ; we may refer to any one of these as GMWB. The availability of each rider is shown below.
- -------------------------------------------------------------------------------------------------------------- NAME OF RIDER: GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- ALSO CALLED: Principal Guarantee Principal Guarantee Principal Guarantee Value - -------------------------------------------------------------------------------------------------------------- AVAILABILITY: Not available for Available on or after Available on or after purchase on or after March 28, 2005 if March 28, 2005 if March 28, 2005, unless approved in your state approved in your state GMWB II is not approved in your state - --------------------------------------------------------------------------------------------------------------
CURRENTLY, YOU MAY ELECT A GMWB RIDER ONLY AT THE TIME OF YOUR INITIAL PURCHASE OF THE CONTRACT. REMAINING BENEFIT BASE ("RBB") For all GMWB riders, the amount of your investment that is guaranteed is called the "remaining benefit base" or "RBB." Your initial RBB is equal to your initial Purchase Payment. If you added the GMWB after the initial purchase of the Contract, the Initial RBB is the Contract Value on the date the GMWB was added. The RBB is not a lump sum guarantee, rather, it is the amount that we guarantee to return to you through a series of payments that annually do not exceed a percentage of your RBB. ANNUAL WITHDRAWAL BENEFIT ("AWB") The annual percentage of your RBB that is available for withdrawal is called the "annual withdrawal benefit" or "AWB". Each year you may take withdrawals that do not exceed your AWB until your RBB is depleted. Each year you may take your AWB monthly, annually, or on any payment schedule you request. You may take withdrawals in any dollar amount up to your AWB without affecting your guarantee. If you choose to receive only a part of, or none of, your AWB in any given year, your AWB in any subsequent year will not be increased. In that case you are choosing to deplete your RBB over a longer period of time. 33 The AWB is a percentage of your RBB and depends on which GMWB rider you select. Your initial AWB is calculated as a percentage of the RBB immediately before your first withdrawal:
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- If you make your first 5% of RBB 5% of RBB 5% of RBB withdrawal before the 3rd anniversary after you purchase GMWB: - -------------------------------------------------------------------------------------------------------------- If you make your first 10% of RBB 10% of RBB 5% of RBB withdrawal on or after the 3(rd) anniversary after you purchase GMWB: - --------------------------------------------------------------------------------------------------------------
ADDITIONAL PREMIUM Currently, additional Purchase Payments serve to increase your RBB and AWB. After each Purchase Payment your new RBB equals your RBB immediately prior to the Purchase Payment plus the dollar amount of the Purchase Payment. Your new AWB is equal to the AWB immediately prior to the Purchase Payment, plus a percentage of the Purchase Payment. We use the same percentage as that used to calculate your original AWB as shown above. We reserve the right not to include additional Purchase Payments into the calculation of the RBB or AWB. WITHDRAWALS When you make a withdrawal, your AWB remains the same as long as the sum of all of your withdrawals since the most recent anniversary of your purchase or reset of GMWB (or "GMWB Anniversary"), including the current withdrawal, does not exceed your AWB immediately prior to the current withdrawal. In such case your RBB is decreased to equal the RBB immediately prior to the withdrawal, less the dollar amount of the current withdrawal. However, if you make a withdrawal so that the total of all your withdrawals since your GMWB anniversary, including the current withdrawal, exceeds your AWB immediately prior to the current withdrawal, we will recalculate both your RBB and AWB. The recalculation depends on which GMWB rider you select: IF YOU SELECT GMWB II OR GMWB III: - To recalculate your RBB, we reduce your RBB by the greater of the dollar amount of your withdrawal, or a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. IF YOU PURCHASED GMWB I: - To recalculate your RBB, we reduce your RBB by a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. WITHDRAWAL EXAMPLES. The following examples are intended to illustrate the effect of withdrawals on your RBB and AWB, depending on which GMWB rider you select. The investment results shown are hypothetical and are not representative of past or future performance. Actual investment results may be more or less than those shown and will depend upon a number of factors, including the Variable Funding Options selected by you. The example does 34 not reflect the deduction of fees and charges and applicable income taxes and penalties. Assume your initial RBB is $100,000, your age is less than 70, and you take a withdrawal of $10,000 after your first GMWB Anniversary: WITHDRAWAL EXAMPLE FOR GMWB II AND GMWB III
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- PARTIAL WITHDRAWAL N/A (100,000 x [5,000 x (1- N/A (100,000 x [5,000 x (1- REDUCTION 10,000/110,000) = 90,000/100,000)] = 10,000/90,000) = 88,889/100,000)] = (PWR) 9,091 500 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- GREATER OF PWR OR THE DOLLAR AMOUNT $10,000 $11,111 OF THE WITHDRAWAL (10,000>9,091) (11,111>10,000) - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $10,000 $500 $10,000 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- VALUE IMMEDIATELY AFTER WITHDRAWAL $100,000 $90,000 $4,500 $80,000 $88,889 $4,444 - -------------------------------------------------------------------------------------------------------------------------
WITHDRAWAL EXAMPLE FOR GMWB I
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY $90,909 $4,545 $88,889 $4,444 AFTER WITHDRAWAL [100,000 -- (100,000 [(5,000 [100,000 -- (100,000 [5,000 x $100,000 x10,000/110,000)] x90,909/100,000)] $80,000 x10,000/90,000)] (88,889/100,000)] - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $9,091 $455 $10,000 $11,111 $556 - -------------------------------------------------------------------------------------------------------------------------
TAX-QUALIFIED DISTRIBUTION PROGRAMS (GMWB II AND GMWB III ONLY). If you select GMWB II or GMWB III, subject to certain limitations and restrictions, your AWB will not incur a recalculation as a result of distributions taken under certain eligible Tax-Qualified Distribution Programs ("Tax-Qualified Distribution Programs"). Instead, such distributions will reduce the RBB by the amount of the withdrawal, and will not affect the AWB. For purposes of GMWB II and GMWB III, the following Tax-Qualified Distribution Programs are eligible. Only certain types of distribution methods are eligible as described below. Please consult with your tax adviser to make sure you are eligible: - Distributions intended to satisfy the required minimum distribution rules under Internal Revenue Code ("Code") Section 401(a)(9) and the Treasury Regulations promulgated thereunder, as applicable, to: - a qualified retirement plan (Code Section 401), - a tax-sheltered annuity (Code Section 403(b)), - an individual retirement account (Code Sections 408(a)), 35 - an individual retirement annuity (Code Section 408(b)), or - a qualified deferred compensation plan (Code Section 457). Required minimum distribution must be calculated using the Uniform Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-2) and/or the Joint and Last Survivor Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-3), and for distributions where the employee (owner) dies before the entire interest is distributed as described in Code Section 401(a)(9)(B)(iii) calculated using the Single Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-1), as appropriate (each table as in effect as of January 1, 2004). - Distributions intended to satisfy the exception under Code Section 72(s)(2) to the required minimum distribution rules which apply after the death of the holder of a nonqualified annuity contract provided under Code Section 72(s)(1) for certain amounts payable over the life of a designated beneficiary; - Distributions intended to satisfy the exception under Code Section 72(t)(2)(A)(iv) from the 10% additional tax on early distributions from qualified retirement plans imposed by Code Section 72(t)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of such employee and his designated beneficiary, provided, however, the amount of the substantially equal periodic payments must be calculated under the required minimum distribution method set forth in the Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Revenue Ruling 2002-62, 2002-42 I.R.B. 710 (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program); or - Distributions intended to satisfy the exception under Code Section 72(q)(2)(D) from the 10% additional tax on early distributions from nonqualified annuity contracts imposed by Code Section 72(q)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the Beneficiary or the joint lives (or joint life expectancies) of such Beneficiary and his designated beneficiary, provided, however, the amount of the substantially equal periodic payment must be calculated under the required minimum distribution method set forth in Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Internal Revenue Bulletin 2004-9, Notice 2004-15, page 526. (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program). You are subject to the following limitations if you are taking distributions under a Tax-Qualified Distribution Program: - YOU MUST ENROLL IN OUR MANAGED DISTRIBUTION PROGRAM. If you do not enroll or if you cancel your enrollment, you can continue to make withdrawals under your GMWB rider, however your RBB and AWB may be subject to a recalculation. Under our Managed Distribution Program, you select the frequency of payments. You may change the frequency of your payments only once every two years after your GMWB Anniversary, and you may only make the change during the 30-day period after your GMWB Anniversary. At the time you purchase GMWB, your initial frequency of payment must be annual if you did not take distributions pursuant to your Tax-Qualified Distribution Program at your previous financial institution, unless you turn age 70 1/2 before the first GMWB anniversary. You are advised to take your required distributions prior to purchasing GMWB in order to have the choice of taking your distributions on a monthly, quarterly, semi-annual or annual basis. If you do not take your distribution before purchasing GMWB, you will be limited to taking annual distributions for the first two Contract Years after which time you can choose an alternate mode of distribution. - ANY WITHDRAWALS OUTSIDE OF THE PROGRAM MAY DECREASE YOUR BENEFIT. All withdrawals under your Contract must be made pursuant to the Tax- Qualified Distribution Program during any 12-month period after an anniversary of your purchase of GMWB (a "GMWB Year"). If during any GMWB Year you take any additional withdrawals that are not made pursuant to the Program, you can continue to make withdrawals under your GMWB rider, however for the remainder of the GMWB Year your RBB and AWB may be 36 subject to a partial withdrawal reduction. To avoid any partial withdrawal reduction, all withdrawals under your Contract must be made pursuant to your Tax-Qualified Distribution Program. RESET (GMWB I AND GMWB II ONLY). If you select GMWB I or GMWB II, you may choose to reset your RBB starting with the 5th year anniversary date of your GMWB purchase. In accordance with the terms of the rider we have established the following procedures for resets. If you elect to reset within 30 days prior to the end of the 5th contract year, your new RBB will be reset to equal your current Contract Value. If you do not reset on the 5th year anniversary, you will have the opportunity to elect to reset during the 30-day period prior to each anniversary following the date of your 5th year anniversary of your GMWB purchase. In the event that you elect a reset you will be eligible to reset your RBB again provided that 5 contract years have elapsed since the most recent reset, so long as your election is made during the 30-day period prior to the anniversary date of your GMWB purchase. Each time you reset your RBB, your new AWB will equal a percentage of your new RBB. The percentage used is the same percentage used to calculate your AWB before the reset. If you are age 95 and are taking withdrawals under a Tax-Qualified Distribution Program, you may not reset if you purchased GMWB II. Depending on your Contract Value and the current fee for GMWB, it may not be beneficial to reset your RBB. Generally, it may be beneficial to reset your RBB if your Contract Value exceeds your RBB. However, the charge may increase if you elect to reset the RBB. (In such cases, the charge will never exceed the guaranteed maximum charge.) Further, if you reset your RBB, your new AWB may be higher or lower than your current AWB. In addition, the length of time over which you can expect to receive your RBB will be reset. INVESTMENT RESTRICTIONS (GMWB II AND GMWB III ONLY) We reserve the right to restrict allocations to a Variable Funding Option or limit the percentage of Contract value that may be allocated to a Variable Funding Option at any time. If we do so we would provide you with asset allocation requirements, and we reserve the right to require periodic rebalancing of Contract value allocated to Variable Funding Options according to specified percentages. We will provide no less than 30 days advanced written notice if we exercise our right to restrict or limit allocations to a Variable Funding Option and/or require periodic rebalancing between Variable Funding Options. Our ability to restrict allocations to a Variable Funding Option may be different depending on your state. If we restrict allocations to a Variable Funding Option, as of the effective date of the restriction, we will no longer allow additional Purchase Payments to be applied, or transfers of Contract value to be allocated into the restricted Variable Funding Option. Any Contract value previously allocated to a restricted Variable Funding Option will not be subject to the restriction. If we impose a limit on the percentage of Contract value allocated to a Variable Funding Option, as of the effective date of the restriction, we will impose the limit on all subsequent allocations. GMWB CHARGE. The charge for your GMWB rider is different depending on which version of GMWB you choose. For all GMWB riders, the charge is deducted each business day from amounts held in each Variable Funding Option. The current charge for each rider, on an annual basis, is shown below. Your current charge will not change unless you reset your benefits, at which time we may modify the charge. In such case the charge will never exceed 1.00%.
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- Current Annual Charge 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- Maximum Annual Charge After a 1.00% 1.00% N/A Reset - --------------------------------------------------------------------------------------------------------------
MAXIMUM RBB. Although we have no current plans to do so, in the future we may impose a maximum RBB. If we do, we would stop including additional Purchase Payments into the calculation of your RBB. If we impose a maximum RBB for Purchase Payments or reset, the maximum RBB will never be less than the cumulative Purchase Payments to which we have previously consented. Currently you must obtain our consent to purchase any RBB over $1 million. Purchase Payments under $1 million are not subject to a maximum RBB. 37 TERMINATION. Once you purchase GMWB I, you cannot cancel it. If you select GMWB II or GMWB III, you may terminate your rider at any time after the 5(th) anniversary of your purchase of GMWB. Once you terminate a GMWB III rider, you cannot re-elect it. You must request your termination in writing. All GMWB riders terminate automatically when you reach the maturity date of your Contract, if your Contract is assigned, or if the rider is exchanged for a similar rider offered by us. OTHER INFORMATION ABOUT GMWB. If your Contract Value reaches zero, and you have purchased this benefit, the following will occur: - The AWB will continue to be paid to you until the RBB is depleted, not more frequently than monthly. Upon your death, your beneficiary will receive these payments. No other death benefit or optional benefit, if any, will be paid. - The total annual payment amount will equal the AWB and will never exceed your RBB, and - We will no longer accept subsequent Purchase Payments into the Contract. If a spouse or beneficiary continues this Contract upon your death, and you had elected GMWB, all terms and conditions of this benefit would apply to the new owner. Please refer to the Death Benefit section for information on how GMWB may impact your death benefit. COMPARISON OF IMPORTANT DIFFERENCES AMONG THE GMWB RIDERS The following chart may help you decide which version of GMWB is best for you.
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- AWB 5% of RBB if first 5% of RBB if first 5% of RBB withdrawal before 3(rd) withdrawal before 3(rd) anniversary 10% of RBB anniversary 10% of RBB if first withdrawal on if first withdrawal on or after 3(rd) or after 3(rd) anniversary anniversary - -------------------------------------------------------------------------------------------------------------- ANNUAL CHARGE 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- RESET Yes Yes No - -------------------------------------------------------------------------------------------------------------- CAN I CANCEL MY GMWB? No Yes, after the 5(th) Yes, after the 5(th) anniversary of GMWB anniversary of GMWB purchase purchase - -------------------------------------------------------------------------------------------------------------- INVESTMENT RESTRICTIONS No Yes Yes - -------------------------------------------------------------------------------------------------------------- WAIVER OF RECALCULATION OF AWB No Yes Yes FOR DISTRIBUTIONS FROM TAX- QUALIFIED PLANS - --------------------------------------------------------------------------------------------------------------
THE ANNUITY PERIOD - -------------------------------------------------------------------------------- MATURITY DATE Under the Contract, you can receive regular payments ("Annuity Payments"). You can choose the month and the year in which those payments begin ("Maturity Date"). You can also choose among payout options or elect a lump sum distribution. While the Annuitant is alive, you can change your selection any time up to the Maturity Date. Annuity Payments will begin on the Maturity Date stated in the Contract unless (1) you fully surrendered the Contract; (2) we paid the proceeds to the beneficiary before that date; or (3) you elected another date. Annuity Payments are a series of periodic payments (a) for life; (b) for life with a minimum number of payments assured; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. We may require proof that the Annuitant is alive before we make Annuity Payments. Not all options may be available in all 38 states. Please be aware that once the Contract is annuitized, you are ineligible to receive the death benefit you have selected and any living benefit rider is terminated. Unless you elect otherwise, the Maturity Date will be the Annuitant's 90(th) birthday or ten years after the effective date of the Contract, if later (this requirement may be changed by us). (For Contracts issued in Florida and New York, the Maturity Date you elect may not be later than the Annuitant's 90(th) birthday.) At least 30 days before the original Maturity Date, you may elect to extend the Maturity Date to any time prior to the Annuitant's 90th birthday or to a later date with our consent. You may use certain annuity options taken at the Maturity Date to meet the minimum required distribution requirements of federal tax law, or you may use a program of withdrawals instead. These mandatory distribution requirements take effect generally upon the death of the Contract Owner, or with certain Qualified Contracts upon either the later of the Contract Owner's attainment of age 70 1/2 or year of retirement; or the death of the Contract Owner. You should seek independent tax advice regarding the election of minimum required distributions. ALLOCATION OF ANNUITY You may elect to receive your Annuity Payments in the form of a variable annuity, a fixed annuity, or a combination of both. If, at the time Annuity Payments begin, you have not made an election, we will apply your Cash Surrender Value to provide an annuity funded by the same funding options as you have selected during the accumulation period. At least 30 days before the Maturity Date, you may transfer the Contract Value among the funding options in order to change the basis on which we will determine Annuity Payments. (See "Transfers.") VARIABLE ANNUITY You may choose an annuity payout that fluctuates depending on the investment experience of the Variable Funding Options. We determine the number of Annuity Units credited to the Contract by dividing the first monthly Annuity Payment attributable to each Variable Funding Option by the corresponding Accumulation Unit value as of 14 days before the date Annuity Payments begin. We use an Annuity Unit to measure the dollar value of an Annuity Payment. The number of Annuity Units (but not their value) remains fixed during the annuity period. DETERMINATION OF FIRST ANNUITY PAYMENT. Your Contract contains the tables we use to determine your first monthly Annuity Payment. If you elect a variable annuity, the amount we apply to it will be the Cash Surrender Value as of 14 days before the date Annuity Payments begin, less any applicable premium taxes not previously deducted. The amount of your first monthly payment depends on the annuity option you elected and the Annuitant's adjusted age. Your Contract contains the formula for determining the adjusted age. We determine the total first monthly Annuity Payment by multiplying the benefit per $1,000 of value shown in the Contract tables by the number of thousands of dollars of Contract Value you apply to that annuity option. The Contract tables factor in an assumed daily net investment factor of 3.0%. We call this your net investment rate. Your net investment rate of 3% corresponds to an annual interest rate of 3%. This means that if the annualized investment performance, after expenses, of your Variable Funding Options is less than 3%, then the dollar amount of your variable Annuity Payments will decrease. However, if the annualized investment performance, after expenses, of your Variable Funding Options is greater than 3%, then the dollar amount of your variable Annuity Payments will increase. DETERMINATION OF SECOND AND SUBSEQUENT ANNUITY PAYMENTS. The dollar amount of all subsequent Annuity Payments changes from month to month based on the investment experience, as described above, of the applicable funding options. The total amount of each Annuity Payment will equal the sum of the basic payments in each funding option. We determine the actual amounts of these payments by multiplying the number of Annuity Units we credited to each funding option by the corresponding Annuity Unit value as of the date 14 days before the date the payment is due. FIXED ANNUITY You may choose a fixed annuity that provides payments that do not vary during the annuity period. We will calculate the dollar amount of the first fixed Annuity Payment as described under "Variable Annuity," except that the amount we apply to begin the annuity will be your Cash Surrender Value as of the date Annuity Payments begin. Payout rates 39 will not be lower than that shown in the Contract. If it would produce a larger payment, the first fixed Annuity Payment will be determined using the Annuity Tables in effect on the Maturity Date. PAYMENT OPTIONS - -------------------------------------------------------------------------------- ELECTION OF OPTIONS While the Annuitant is alive, you can change your annuity option selection any time up to the Maturity Date. Once Annuity Payments have begun, no further elections are allowed. During the Annuitant's lifetime, if you do not elect otherwise before the Maturity Date, we will pay you (or another designated payee) the first of a series of monthly Annuity Payments based on the life of the Annuitant, in accordance with Annuity Option 2 (Life Annuity with 120 monthly payments assured). For certain Qualified Contracts, Annuity Option 4 (Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee) will be the automatic option as described in the Contract. (See "Annuity Options.") The minimum amount that can be placed under an annuity option will be $2,000 unless we agree to a lesser amount. If any monthly periodic payment due is less than $100, the Company reserves the right to make payments at less frequent intervals, or to pay the Contract Value in a lump-sum. On the Maturity Date, we will pay the amount due under the Contract in accordance with the payment option that you select. You may choose to receive a single lump-sum payment. You must elect an option in writing, in a form satisfactory to the Company. Any election made during the lifetime of the Annuitant must be made by the Contract Owner. ANNUITY OPTIONS Subject to the conditions described in "Election of Options" above, we may pay all or any part of the Cash Surrender Value under one or more of the following annuity options. Payments under the annuity options are generally made on a monthly basis. We may offer additional options. Option 1 -- Life Annuity -- No Refund. The Company will make Annuity Payments during the lifetime of the Annuitant ending with the last payment before death. This option offers the maximum periodic payment, since there is no assurance of a minimum number of payments or provision for a death benefit for beneficiaries. Option 2 -- Life Annuity with 120, 180 or 240 Monthly Payments Assured. The Company will make monthly Annuity Payments during the lifetime of the Annuitant, with the agreement that if, at the death of that person, payments have been made for less than 120, 180 or 240 months, as elected, we will continue making payments to the beneficiary during the remainder of the period. Option 3 -- Joint and Last Survivor Life Annuity -- No Refund. The Company will make regular Annuity Payments during the lifetime of the Annuitant and a second person. When either person dies, we will continue making payments to the survivor. No further payments will be made following the death of the survivor. Option 4 -- Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee. The Company will make Annuity Payments during the lifetimes of the Annuitant and a second person. You will designate one as primary payee, and the other will be designated as secondary payee. On the death of the secondary payee, the Company will continue to make monthly Annuity Payments to the primary payee in the same amount that would have been payable during the joint lifetime of the two persons. On the death of the primary payee, the Company will continue to make Annuity Payments to the secondary payee in an amount equal to 50% of the payments, which would have been made during the lifetime of the primary payee. No further payments will be made once both payees have died. Option 5 -- Payments for a Fixed Period without Life Contingency. We will make periodic payments for the period selected. This option may not satisfy the minimum required distribution rules for Qualified Contracts. Consult a tax adviser before electing this option. Option 6 -- Other Annuity Options. We will make any other arrangements for Annuity Payments as may be mutually agreed upon. 40 VARIABLE LIQUIDITY BENEFIT This benefit is only offered with the annuity option "Payments for a Fixed Period without Life Contingency." At any time after annuitization and before death, the Contract Owner may surrender and receive a payment equal to the present value of remaining certain payments. The interest rate used to calculate the present value is a rate 1% higher than the Assumed (Daily) Net Investment Factor used to calculate the Annuity Payments. The remaining period certain payments are assumed to be level payments equal to the most recent period certain payment prior to the request for this liquidity benefit. MISCELLANEOUS CONTRACT PROVISIONS - -------------------------------------------------------------------------------- RIGHT TO RETURN You may return the Contract for a full refund of the Contract Value plus any Contract charges and premium taxes you paid (but not any fees and charges the Underlying Fund assessed) within ten days after you receive it (the "right to return period"). You bear the investment risk of investing in the Variable Funding Options during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. If you purchase the Contract as an Individual Retirement Annuity, and return it within the first seven days after delivery, or longer if your state law permits, we will refund your Purchase Payment in full; during the remainder of the right to return period, we will refund the Contract Value (including charges). We will determine the Contract Value following the close of the business day on which we receive your Contract and a Written Request for a refund. Where state law requires a different period, or the return of Purchase Payments or other variations of this provision, we will comply. Refer to your Contract for any state-specific information. TERMINATION We reserve the right to terminate the Contract on any business day if your Contract Value as of that date is less than $2,000 and you have not made Purchase Payments for at least two years, unless otherwise specified by state law. Accordingly, no Contract will be terminated due solely to negative investment performance. Termination will not occur until 31 days after we have mailed notice of termination to your last known address and to any assignee of record. If we terminate the Contract, we will pay you the Cash Surrender Value less any applicable taxes. In certain states, we may be required to pay you the Contract Value. Federal tax law may impose additional restrictions on our right to terminate your traditional IRA, Roth IRA or other Qualified Contract. REQUIRED REPORTS As often as required by law, but at least once in each Contract Year before the due date of the first Annuity Payment, we will furnish a report showing the number of Accumulation Units credited to the Contract and the corresponding Accumulation Unit value(s) as of the report date for each funding option to which the Contract Owner has allocated amounts during the applicable period. The Company will keep all records required under federal and state laws. SUSPENSION OF PAYMENTS The Company reserves the right to suspend or postpone the date of any payment or determination of values on any business day (1) when the New York Stock Exchange ("the Exchange") is closed; (2) when trading on the Exchange is restricted; (3) when an emergency exists, as determined by the SEC, so that the sale of securities held in the Separate Account may not reasonably occur, or so that the Company may not reasonably determine the value the Separate Account's net assets; or (4) during any other period when the SEC, by order, so permits for the protection of security holders. 41 THE SEPARATE ACCOUNTS - -------------------------------------------------------------------------------- The Company sponsors MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. (See "The Insurance Company" ..) Both MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 were established on September 17, 2002 and are registered with the SEC as unit investment trusts under the Investment Company Act of 1940, as amended. We will invest Separate Account assets attributable to the Contracts exclusively in the shares of the Variable Funding Options. We anticipate merging MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 with and into another separate account of the Company (the MetLife of CT Separate Account Eleven for Variable Annuities) during the fourth quarter of 2008 at the earliest, subject to regulatory approval. This merger will have no effect on the provisions of, and the rights and obligations under, the Contract. Similarly, the merger will not have any adverse impact on your Contract Value or any tax consequences for you. We hold the assets of the Separate Account for the exclusive and separate benefit of the owners of each Separate Account, according to the laws of Connecticut. Income, gains and losses, whether or not realized, from assets allocated to the Separate Account are, in accordance with the Contracts, credited to or charged against the Separate Account without regard to other income, gains and losses of the Company. The assets held by the Separate Account are not chargeable with liabilities arising out of any other business that we may conduct. Obligations under the Contract are obligations of the Company. Any obligations that exceed the assets in the Separate Account are payable by the Company's general account. The amount of the guaranteed death benefit that exceeds the Contract Value is paid from the Company's general account. Benefit amounts paid from the general account are subject to the financial strength and claims-paying ability of the Company. All investment income and other distributions of the funding options are payable to the Separate Account. We reinvest all such income and/or distributions in shares of the respective funding option at net asset value. Shares of the funding options are currently sold only to life insurance company separate accounts to fund variable annuity and variable life insurance contracts. Certain variable annuity separate accounts and variable life insurance separate accounts may invest in the funding options simultaneously (called "mixed" and "shared" funding). It is conceivable that in the future it may be disadvantageous to do so. Although the Company and the Variable Funding Options do not currently foresee any such disadvantages either to variable annuity contract owners or variable life policy owners, each Underlying Fund's Board of Directors intends to monitor events in order to identify any material conflicts between them and to determine what action, if any, should be taken. If a Board of Directors was to conclude that separate funds should be established for variable life and variable annuity separate accounts, the variable annuity contract owners would not bear any of the related expenses, but variable annuity contract owners and variable life insurance policy owners would no longer have the economies of scale resulting from a larger combined fund. We reserve the right to transfer assets of the Separate Account to another separate account, and/or to modify the structure or operation of the Separate Account, subject to the necessary regulatory approvals. If we do so, we guarantee that the modification will not affect your Contract Value. PERFORMANCE INFORMATION In advertisements for the Contract, we may include performance figures to show you how a Variable Funding Option has performed in the past. These figures are rates of return or yield quotations shown as a percent. These figures show past performance of a Variable Funding Option and are not an indication of how a Variable Funding Option will perform in the future. Performance figures for each Variable Funding Option are based in part on the performance of a corresponding Underlying Fund. In some cases, the Underlying Fund may have existed before the technical inception of the 42 corresponding Variable Funding Option. In those cases, we can create "hypothetical historical performance" of a Variable Funding Option. These figures show the performance that the Variable Funding Option would have achieved had it been available during the entire history of the Underlying Fund. In a low interest rate environment, yields for money market Subaccounts, after deduction of the Mortality and Expense Risk Charge, Administrative Expense Charge and the charge for any optional benefit riders (if applicable), may be negative even though the Underlying Fund's yield, before deducting for such charges, is positive. If you allocate a portion of your Contract Value to a money market Subaccount or participate in an asset allocation program where Contract Value is allocated to a money market Subaccount under the applicable asset allocation model, that portion of your Contract Value may decrease in value. FEDERAL TAX CONSIDERATIONS - -------------------------------------------------------------------------------- The following general discussion of the federal income tax consequences related to your investment in this Contract is not intended to cover all situations, and is not meant to provide tax or legal advice. Because of the complexity of the law and the fact that the tax results will vary depending on many factors, you should consult your tax and/or legal adviser regarding the tax implications of purchasing this Contract based upon your individual situation. For further tax information, an additional discussion of certain tax matters is contained in the SAI. You are responsible for determining whether your purchase of a Contract, withdrawals, income payments and any other transaction under your Contract satisfy applicable tax law. We are not responsible for determining if your employer's plan or arrangement satisfies the requirements of the Code and/or the Employee Retirement Income Security Act of 1974 (ERISA). GENERAL TAXATION OF ANNUITIES Congress has recognized the value of saving for retirement by providing certain tax benefits, in the form of tax deferral, for premiums paid under an annuity and permitting tax-free transfers between the various investment options offered under the Contract. The Internal Revenue Code ("Code") governs how earnings on your investment in the Contract are ultimately taxed, depending upon the type of contract, qualified or non-qualified, and the manner in which the money is distributed, as briefly described below. In analyzing the benefits of tax deferral it is important to note that the Jobs and Growth Tax Relief Reconciliation Act of 2003 amended Code Section 1 to reduce the marginal tax rates on long-term capital gains and dividends to 5% and 15%. The reduced rates apply during 2003 through 2008, and thereafter will increase to prior levels. Under current federal tax law, the taxable portion of distributions under variable annuity contracts and qualified plans (including IRAs) is not eligible for the reduced tax rate applicable to long-term capital gains and dividends. Earnings under annuity contracts, like interest payable on fixed investments (notes, bonds, etc.), continue to be taxed as ordinary income (top rate of 35%). The tax law provides deferred annuities issued after October 21, 1988 by the same insurance company or an affiliate in the same calendar year to the same owner are combined for tax purposes. As a result, a greater portion of your withdrawals may be considered taxable income than you would otherwise expect. Although the law is not clear, the aggregation rule may also adversely affect the tax treatment of payments received under an income annuity where the owner has purchased more than one non-qualified annuity during the same calendar year from the same or an affiliated company after October 21, 1988, and is not receiving income payments from all annuities at the same time. Please consult your own tax advisor. STATE AND LOCAL TAXES. The rules for state and local income taxes may differ from the federal income tax rules. Purchasers and prospective purchasers of the Contract should consult their own tax advisers and the law of the applicable taxing jurisdiction to determine what rules and tax benefits apply to the Contract. PENALTY TAX FOR PREMATURE DISTRIBUTIONS. For both Qualified and Non-qualified Contracts, taxable distributions taken before the Contract Owner has reached the age of 59 1/2 will be subject to a 10% additional tax penalty unless the distribution is taken in a series of periodic distributions, for life or life expectancy, or unless the distribution follows the death or disability of the Contract Owner. Other exceptions may be available in certain qualified plans. The 10% tax penalty is in addition to any other penalties that may apply under your Contract and the normal income taxes due on the distribution. 43 TAX-FREE EXCHANGES. Code Section 1035 provides that, if certain conditions are met, no gain or loss is recognized when an annuity contract is received in exchange for a life insurance policy, endowment, or annuity contract. Since different annuity contracts have different expenses, fees and benefits, a tax- free exchange could result in your investment becoming subject to higher or lower fees and/or expenses. FEDERAL ESTATE TAXES. While no attempt is being made to discuss the federal estate tax implications of the Contract, you should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning adviser for more information. GENERATION-SKIPPING TRANSFER TAX. Under certain circumstances, the Code may impose a "generation-skipping transfer tax" when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Contract Owner. Regulations issued under the Code may require us to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS. TYPES OF CONTRACTS: QUALIFIED AND NON-QUALIFIED QUALIFIED ANNUITY CONTRACTS If you purchase your Contract with proceeds of an eligible rollover distribution from any qualified employee pension plan or retirement savings plan or individual retirement annuity (IRA), your Contract is referred to as a Qualified Contract. Some examples of Qualified Contracts are: IRAs (including Roth IRAs), tax-sheltered annuities established by public school systems or certain tax- exempt organizations under Code Section 403(b), corporate sponsored pension, retirement savings, and profit-sharing plans (including 401(k) plans), Keogh Plans (for self-employed individuals), and certain other qualified deferred compensation plans. Another type of Qualified Contract is a Roth IRA, under which after-tax contributions accumulate until maturity, when amounts (including earnings) may be withdrawn tax-free. The rights and benefits under a Qualified Contract may be limited by the terms of the retirement plan, regardless of the terms and conditions of the Contract. Plan participants making contributions to Qualified Contracts will be subject to the required minimum distribution rules as provided by the Code and described below. All qualified plans (including IRAs) receive tax-deferral under the Code. Although there are no additional tax benefits to funding your qualified plan or IRA with an annuity, it does offer you additional insurance benefits, such as the availability of a guaranteed income for life. The Contract has been submitted to the IRS for review and is awaiting approval as to form as a valid IRA. Such approval would not constitute an IRS approval or endorsement of any funding options under the contract. IRS approval as to form is not required to constitute a valid IRA. Disqualification of the Contract as an IRA could result in the immediate taxation of amounts held in the Contract and other adverse tax consequences. TAXATION OF QUALIFIED ANNUITY CONTRACTS Under a qualified annuity, since amounts paid into the Contract generally have not yet been taxed, the full amount of any distributions (including the amount attributable to Purchase Payments), whether paid in the form of lump sum withdrawals or Annuity Payments, are generally taxed at ordinary income tax rates unless the distribution is transferred to an eligible rollover account or contract. There are special rules which govern the taxation of Qualified Contracts, including withdrawal restrictions, requirements for mandatory distributions, and contribution limits. Amounts rolled over to the Contract from other qualified funding vehicles generally are not subject to current taxation. MANDATORY DISTRIBUTIONS FOR QUALIFIED PLANS Federal tax law requires that minimum annual distributions begin by April 1st of the calendar year following the calendar year in which an IRA owner attains age 70 1/2. Participants in qualified plans and 403(b) annuities may defer minimum distributions until the later of April 1st of the calendar year following the calendar year in which they attain age 70 1/2 or the year of retirement (except for participants who are 5% or more owners of the plan sponsor). If you own more than one individual retirement annuity and/or account, you may satisfy the minimum distribution 44 rules on an aggregate basis (i.e. determine the total amount of required distributions from all IRAs and take the required amount from any one or more IRAs). A similar aggregate approach is available to meet your 403(b) minimum distribution requirements if you have multiple 403(b) annuities. Recently promulgated Treasury regulations changed the distribution requirements; therefore, it is important that you consult your tax adviser as to the impact of these regulations on your personal situation. Final income tax regulations regarding minimum distribution requirements were released in June 2004. These regulations affect both deferred and income annuities. Under these new rules, effective with respect to minimum distributions required for the 2006 distribution year, in general, the value of all benefits under a deferred annuity (including death benefits in excess of cash value, including the Enhanced Stepped-Up Provision, as well as all living benefits such as GMAB and GMWB , if available in your contract) must be added to the Contract Value in computing the amount required to be distributed over the applicable period. We will provide you with additional information as to the amount of your interest in the Contract that is subject to required minimum distributions under this new rule and either compute the required amount for you or offer to do so at your request. The new rules are not entirely clear and you should consult your personal tax advisor as to how these rules affect your Contract. MINIMUM DISTRIBUTIONS FOR BENEFICIARIES UPON THE CONTRACT OWNER'S DEATH: Upon the death of the Contract Owner and/or Annuitant of a Qualified Contract, the funds remaining in the Contract must be completely withdrawn within five years from the date of death or minimum distributions may be taken over the life expectancy of the individual beneficiaries (or in the case of certain trusts that are contract beneficiaries, over the life expectancy of the individuals who are the beneficiaries of the trust), provided such distributions are payable at least annually and begin within one year from the date of death. Special rules apply where the beneficiary is the surviving spouse, which allow the spouse to assume the Contract and defer the minimum distribution requirements. NOTE TO PARTICIPANTS IN QUALIFIED PLANS INCLUDING 401, 403(B), 408 OR 457, INCLUDING IRA OWNERS: While annual plan contribution limits may be increased from time to time by Congress and the IRS for federal income tax purposes, these limits must be adopted by each state for any higher limits to be effective at a state income tax level. In other words, the permissible contribution limits for federal and state income tax purposes may be different. Therefore, in certain states, a portion of the contributions may not be excludible or deductible from state income taxes. Please consult your employer or tax adviser regarding this issue. INDIVIDUAL RETIREMENT ANNUITIES To the extent of earned income for the year and not exceeding the applicable limit for the taxable year, an individual may make contributions, which in some cases may be deductible, to an individual retirement annuity (IRA). The applicable limit is $4,000 in 2007 and $5,000 in 2008, and it may be indexed for inflation in years after 2008. Additional "catch-up contributions" may be made to an IRA by individuals age 50 or over. There are certain limits on the deductible amount based on the adjusted gross income of the individual and spouse and on their participation in a retirement plan. If an individual is married and the spouse is not employed, the individual may establish IRAs for the individual and spouse. Purchase Payments may then be made annually into IRAs for both spouses in the maximum amount of 100% of earned income up to a combined limit based on the individual limits outlined above. Deductible contributions to an IRA and Roth IRA for the year must be aggregated for purposes of the individual Code Section 408A limits and the Code Section 219 limits (age 50+catch-up). Partial or full distributions are treated as ordinary income, except that amounts contributed after 1986 on a non-deductible basis are not includable in income when distributed. An additional tax of 10% will apply to any taxable distribution from the IRA that is received by the participant before the age of 59 1/2 except by reason of death, disability or as part of a series of payments for life or life expectancy. Distributions must commence by April 1st of the calendar year after the close of the calendar year in which the individual attains the age of 70 1/2. Certain other mandatory distribution rules apply on the death of the individual. The individual must maintain personal and tax return records of any non-deductible contributions and distributions. Section 408 (k) of the Code provides for the purchase of a Simplified Employee Pension (SEP) plan. A SEP is funded through an IRA and can accept an annual employer contribution limited to the lesser of $46,000 or 100% of pay for each participant in 2008. 45 ROTH IRAS Effective January 1, 1998, Section 408A of the Code permits certain individuals to contribute to a Roth IRA. Eligibility to make contributions is based upon income, and the applicable limits vary based on marital status and/or whether the contribution is a rollover contribution from another IRA or an annual contribution. Contributions to a Roth IRA, which are subject to certain limitations, (similar to the annual limits for traditional IRAs), are not deductible and must be made in cash or as a rollover or transfer from another Roth IRA or other IRA. A conversion of "traditional" IRA to a Roth IRA may be subject to tax and other special rules apply. You should consult a tax adviser before combining any converted amounts with other Roth IRA contributions, including any other conversion amounts from other tax years. Qualified distributions from a Roth IRA are tax-free. A qualified distribution requires that the Roth IRA has been held for at least 5 years, and the distribution is made after age 59 1/2, on death or disability of the owner, or for a limited amount ($10,000) for a qualified first time home purchase for the owner or certain relatives. Income tax and a 10% penalty tax may apply to distributions made (1) before age 59 1/2 (subject to certain exceptions) or (2) during five taxable years starting with the year in which the first contribution is made to the Roth IRA. TSAS (ERISA AND NON-ERISA) GENERAL. TSAs fall under sec.403(b) of the Code, which provides certain tax benefits to eligible employees of public school systems and organizations that are tax exempt under sec.501(c)(3) of the Code. In general contributions to sec.403(b) arrangements are subject to limitations under sec.415(c) of the Code (the lesser of 100% of includable compensation or the applicable limit for the year). Recently, the IRS announced new regulations affecting sec.403(b) plans and arrangements. As part of these regulations, employers will need to meet certain requirements in order for their employees' annuity contracts that fund these programs to retain a tax deferred status under sec.403(b). These regulations are generally effective January 1, 2009. Prior to the new rules, transfers of one annuity contract to another would not result in a loss of tax deferred status under sec.403(b) under certain conditions (so-called "90-24 transfers"). The new regulations have the following effect regarding transfers: (1) a newly issued contract funded by a transfer which is completed after September 24, 2007, is subject to the employer requirements referred to above; (2) additional purchase payments made after September 24, 2007, to a contract that was funded by a 90-24 transfer on or before September 24, 2007, may subject the contract to this new employer requirement. If your Contract was issued previously in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted). WITHDRAWALS AND INCOME PAYMENTS. If you are under 59 1/2, you cannot withdraw money from your TSA Contract unless the withdrawal: - Relates to Purchase Payments made prior to 1989 (and pre-1989 earnings on those Purchase Payments); - Is directly transferred to another permissible investment under sec.403(b) arrangements; - Relates to amounts that are not salary reduction elective deferrals; - Occurs after you die, leave your job or become disabled (as defined by the Code); or - Is for financial hardship (but only to the extent of Purchase Payments) if your plan allows it. DESIGNATED ROTH ACCOUNT FOR 403(B) PLANS. Effective January 1, 2006, employers that established and maintain a TSA/403(b) plan ("the Plan") may also establish a Qualified Roth Contribution Program under Section 402A of the Code ("Designated Roth Accounts") to accept after-tax contributions as part of the TSA plan. In accordance with our administrative procedures, we may permit these contributions to be made as purchase payments to a Section 403(b) Contract under the following conditions: (1) The employer maintaining the plan has demonstrated to our satisfaction that Designated Roth Accounts are permitted under the Plan. 46 (2) In accordance with our administrative procedures, the amount of elective deferrals has been irrevocably designated as an after-tax contribution to the Designated Roth Account. (3) All state regulatory approvals have been obtained to permit the Contract to accept such after-tax elective deferral contributions (and, where permitted under the Qualified Roth Contribution Program and the Contract, rollovers and trustee-to-trustee transfers from other Designated Roth Accounts). (4) In accordance with our procedures and in a form satisfactory to us, we may accept rollovers from other funding vehicles under any Qualified Roth Contribution Program of the same type in which the employee participates as well as trustee-to-trustee transfers from other funding vehicles under the same Qualified Roth Contribution Program for which the participant is making elective deferral contributions to the Contract. (5) No other contribution types (including employer contributions, matching contributions, etc.) will be allowed as designated Roth contributions, unless they become permitted under the Code. (6) If permitted under the federal tax law, we may permit both pre-tax contributions under a 403(b) plan as well as after-tax contributions under the Plan's Qualified Roth Contribution Program to be made under the same Contract as well as rollover contributions and contributions by trustee-to-trustee transfers. In such cases, we will account separately for the designated Roth contributions and the earnings thereon from the contributions and earnings made under the pre-tax TSA plan (whether made as elective deferrals, rollover contributions or trustee-to-trustee transfers). As between the pre-tax or traditional Plan and the Qualified Roth Contribution Program, we will allocate any living benefits or death benefits provided under the Contract on a reasonable basis, as permitted under the tax law. (7) We may refuse to accept contributions made as rollovers and trustee- to-trustee transfers, unless we are furnished with a breakdown as between participant contributions and earnings at the time of the contribution. Many of the federal income tax rules pertaining to Designated Roth Accounts have not yet been finalized. Both you and your employer should consult their own tax and legal advisors prior to making or permitting contributions to be made to a Qualified Roth Contribution Program. The following general tax rules are based on our understanding of the Code and any regulations issued through December 31, 2005, and are subject to change and to different interpretation as well as additional guidance in respect to areas not previously addressed: The employer must permit contributions under a pre-tax 403(b) plan in order to permit contributions to be irrevocably designated and made part of a Qualified Roth Contribution Program. Elective deferral contributions to the Designated Roth Account must be aggregated with all other elective deferral contributions made by a taxpayer for purposes of the individual Code Section 402(g) limits and the Code Section 414(v) limits (relating to age 50 and over catch-up contributions) as well as contribution limits that apply under the Plan. In general, the same tax law rules with respect to restricted monies, triggering events and permitted distributions will apply to the Designated Roth Accounts under the Plan as apply to the traditional pre-tax accounts under the plan (e.g., death or disability of participant, severance from employment, attainment of age 59 1/2 and hardship withdrawals only with respect to contributions (if permitted under the Plan)). If the amounts have been held under any Designated Roth Account of a participant for at least five years and are made on account of death, disability or after attainment of age 59 1/2, then any withdrawal, distribution or payment of these amounts is generally free of federal income tax ("Qualified Distributions"). Unlike Roth IRAs, withdrawal, distributions and payments that do not meet the five year rule will generally be taxed on a pro-rated basis with respect to earnings and after-tax contributions. The 10% penalty tax will generally apply on the same basis as a traditional pre-tax account under the Plan. Additionally, rollover distributions may only be made tax-free into another Designated Roth Account or into a Roth IRA. Some states may not permit contributions to be made to a Qualified Roth Contribution Program or may require additional conforming legislation for these rules to become effective. 47 LOANS. If your TSA Contract permits loans, such loans will be made only from any Fixed Interest Account balance and only up to certain limits. In that case, we credit your Fixed Interest Account balance up to the amount of the outstanding loan balance with a rate of interest that is less than the interest rate we charge for the loan. The Code and applicable income tax regulations limit the amount that may be borrowed from your Contract and all you employer plans in the aggregate and also require that loans be repaid, at a minimum, in scheduled level payments over a proscribed term. Your Contract will indicate whether loans are permitted. The terms of the loan are governed by the Contract and loan agreement. Failure to satisfy loan limits under the Code or to make any scheduled payments according to the terms of your loan agreement and Federal tax law could have adverse tax consequences. Consult a tax advisor and read your loan agreement and Contract prior to taking any loan. NON-QUALIFIED ANNUITY CONTRACTS If you purchase the Contract on an individual basis with after-tax dollars and not under one of the programs described above, your Contract is referred to as non-qualified. As the owner of a non-qualified annuity, you do not receive any tax benefit (deduction or deferral of income) on Purchase Payments, but you will not be taxed on increases in the value of your Contract until a distribution occurs -- either as a withdrawal made prior to the Maturity Date or in the form of periodic Annuity Payments. As a general rule, there is income in the Contract (earnings) to the extent the Contract Value exceeds your investment in the Contract. The investment in the Contract equals the total Purchase Payments less any amount received previously which was excludible from gross income. Generally, different tax rules apply to Annuity Payments than to withdrawals and payments received before the annuity starting date. When a withdrawal is made, you are taxed on the amount of the withdrawal that is considered earnings under federal tax laws. Similarly, when you receive an Annuity Payment, part of each periodic payment is considered a return of your Purchase Payments and will not be taxed, but the remaining portion of the Annuity Payment (i.e., any earnings) will be considered ordinary income for federal income tax purposes. Annuity Payments are subject to an "excludable amount" or "exclusion ratio" which determines how much of each payment is treated as: - a non-taxable return of your Purchase Payment; or - a taxable payment of earnings. We generally will tell you how much of each Annuity Payment is a non-taxable return of your Purchase Payments. However, it is possible that the IRS could conclude that the taxable portion of Annuity Payments under a non-qualified contract is an amount greater (or less) than the taxable amount determined by us and reported by us to you and the IRS. Generally, once the total amount treated as a non-taxable return of your Purchase Payments equals your Purchase Payments, then all remaining payments are fully taxable. We will withhold a portion of the taxable amount of your Annuity Payment for income taxes, unless you elect otherwise. The amount we withhold is determined by the Code. Code Section 72(s) requires that non-qualified annuity contracts meet minimum mandatory distribution requirements upon the death of the Contract Owner, including the death of either of the Joint Owners. If these requirements are not met, the Contract will not be treated as an annuity contract for federal income tax purposes and earnings under the Contract will be taxable currently, not when distributed. The distribution required depends, among other things, upon whether an annuity option is elected or whether the succeeding Contract Owner is the surviving spouse. We will administer contracts in accordance with these rules and we will notify you when you should begin receiving payments. There is a more complete discussion of these rules in the SAI. If a non-qualified annuity is owned by a non-natural person (e.g., a corporation), increases in the value of the Contract attributable to Purchase Payments made after February 28, 1986 are includable in income annually and taxed at ordinary income tax rates. Furthermore, for contracts issued after April 22, 1987, if the Contract is transferred to another person or entity without adequate consideration, all deferred increases in value will be treated as income for federal income tax purposes at the time of the transfer. PARTIAL WITHDRAWALS: If you make a partial withdrawal of your Contract Value, the distribution generally will be taxed as first coming from earnings (income in the Contract) and then from your Purchase Payments. These withdrawn 48 earnings are includable in your taxable income. (See "Penalty Tax for Premature Distributions" below.) Any direct or indirect borrowing against the value of the Contract or pledging of the Contract as security for a loan will be treated as a cash distribution under the tax law, and will have tax consequences in the year taken. It should be noted that there is no guidance as to the determination of the amount of income in a Contract if it is issued with a Guaranteed Minimum Withdrawal Benefit (GMWB). Therefore, you should consult with your tax adviser as to the potential tax consequences of a partial surrender if your Contract is issued with a GMWB. PARTIAL ANNUITIZATIONS (IF AVAILABLE WITH YOUR CONTRACT): At the present time the IRS has not approved the use of an exclusion ratio or exclusion amount when only part of your Contract Value is applied to a payment option. Currently, we will treat the application of less than your entire Contract Value under a Non- qualified Contract to a payment option (i.e. taking Annuity Payments) as a taxable withdrawal for federal income tax purposes (which may also be subject to the 10% penalty tax if you are under age 59 1/2). We will then treat the amount of the withdrawal (after any deductions for taxes) as the purchase price of an income annuity and tax report the income payments received under that annuity under the rules for variable income annuities. Consult your tax attorney prior to partially annuitizing your Contract. We will determine the excludable amount for each income payment under the Contract as a whole by using the rules applicable to variable income payments in general (i.e. by dividing your after-tax purchase price, as adjusted for any refund or guarantee feature, by the number of expected income payments from the appropriate IRS table). However, the IRS may determine that the excludable amount is different from our computation. DIVERSIFICATION REQUIREMENTS FOR VARIABLE ANNUITIES The Code requires that any non-qualified variable annuity contracts based on a Separate Account must meet specific diversification standards. Non-qualified variable annuity contracts shall not be treated as an annuity for federal income tax purposes if investments made in the account are not adequately diversified. Final tax regulations define how Separate Accounts must be diversified. The Company constantly monitors the diversification of investments and believes that its accounts are adequately diversified. The consequence of any failure to diversify is essentially the loss to the Contract Owner of tax-deferred treatment, requiring the current inclusion of a proportionate share of the income and gains from the Separate Account assets in the income of each Contract Owner. The Company intends to administer all contracts subject to this provision of law in a manner that will maintain adequate diversification. OWNERSHIP OF THE INVESTMENTS In certain circumstances, owners of variable annuity contracts have been considered to be the owners of the assets of the underlying Separate Account for federal income tax purposes due to their ability to exercise investment control over those assets. When this is the case, the Contract Owners have been currently taxed on income and gains attributable to the Separate Account assets. There is little guidance in this area, and some features of the Contract, such as the number of funds available and the flexibility of the Contract Owner to allocate premium payments and transfer amounts among the funding options, have not been addressed in public rulings. While we believe that the Contract does not give the Contract Owner investment control over Separate Account assets, we reserve the right to modify the Contract as necessary to prevent a Contract Owner from being treated as the owner of the Separate Account assets supporting the Contract. TAXATION OF DEATH BENEFIT PROCEEDS Amounts may be distributed from a Non-qualified Contract because of the death of an owner or Annuitant. Generally, such amounts are includable in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as a full surrender of the Contract; or (ii) if distributed under a payment option, they are taxed in the same way as Annuity Payments. 49 OTHER TAX CONSIDERATIONS TREATMENT OF CHARGES FOR OPTIONAL BENEFITS The Contract may provide one or more optional enhanced death benefits or other minimum guaranteed benefit that in some cases may exceed the greater of purchase price or the Contract Value. It is possible that the Internal Revenue Service may take the position that the charges for the optional enhanced benefit(s) are deemed to be taxable distributions to you. Although we do not believe that a charge under such optional enhanced benefit should be treated as a taxable withdrawal, you should consult with your tax adviser before selecting any rider or endorsement to the Contract. GUARANTEED MINIMUM WITHDRAWAL BENEFITS If you have purchased the Guaranteed Minimum Withdrawal Benefit Rider, where otherwise made available, note the following: The tax treatment of withdrawals under such a benefit is uncertain. It is conceivable that the amount of potential gain could be determined based on the remaining amounts guaranteed to be available for withdrawal at the time of the withdrawal if greater than the Contract Value. This could result in a greater amount of taxable income in certain cases. In general, at the present time, the Company intends to tax report such withdrawals using the Contract Value rather than the remaining benefit to determine gain. However, in cases where the maximum permitted withdrawal in any year under any version of the GMWB exceeds the Contract Value, the portion of the withdrawal treated as taxable gain (not to exceed the amount of the withdrawal) should be measured as the difference between the maximum permitted withdrawal amount under the benefit and the remaining after-tax basis immediately preceding the withdrawal. In the event that the Contract Value goes to zero, and the Remaining Benefit Base is paid out in fixed installments, we will treat such payments as income annuity payments under the tax law and allow recovery of any remaining basis ratably over the expected number of payments. The Company reserves the right to change its tax reporting practices where it determines they are not in accordance with IRS guidance (whether formal or informal). PUERTO RICO TAX CONSIDERATIONS The Puerto Rico Internal Revenue Code of 1994 (the "1994 Code") taxes distributions from non-qualified annuity contracts differently than in the U.S. Distributions that are not in the form of an annuity (including partial surrenders and period certain payments) are treated under the 1994 Code first as a return of investment. Therefore, a substantial portion of the amounts distributed generally will be excluded from gross income for Puerto Rico tax purposes until the cumulative amount paid exceeds your tax basis. The amount of income on annuity distributions (payable over your lifetime) is also calculated differently under the 1994 Code. Since Puerto Rico residents are also subject to U.S. income tax on all income other than income sourced to Puerto Rico and the Internal Revenue Service issued guidance in 2004 which indicated that the income from an annuity contract issued by a U.S. life insurer would be considered U.S. source income, the timing of recognition of income from an annuity contract could vary between the two jurisdictions. Although the 1994 Code provides a credit against the Puerto Rico income tax for U.S. income taxes paid, an individual may not get full credit because of the timing differences. You should consult with a personal tax adviser regarding the tax consequences of purchasing an annuity contract and/or any proposed distribution, particularly a partial distribution or election to annuitize. NON-RESIDENT ALIENS Distributions to non resident aliens ("NRAs") are subject to special and complex tax and withholding rules under the Code with respect to U.S. source income, some of which are based upon the particular facts and circumstances of the Contract Owner, the beneficiary and the transaction itself. As stated above, the IRS has taken the position that income from the Contract received by NRAs is considered U.S. source income. In addition, Annuity Payments to NRAs in many countries are exempt from U.S. tax (or subject to lower rates) based upon a tax treaty, provided that 50 the Contract Owner complies with the applicable requirements. NRAs should seek guidance from a tax adviser regarding their personal situation. TAX CREDITS AND DEDUCTIONS The Company may be entitled to certain tax benefits related to the assets of the Separate Account. These tax benefits, which may include foreign tax credits and corporate dividend received deductions, are not passed back to the Separate Account or to Contract Owners since the Company is the owner of the assets from which the tax benefits are derived. OTHER INFORMATION - -------------------------------------------------------------------------------- Vintage Access is a service mark of Citigroup, Inc. or its affiliates and is used by MetLife, Inc. and its affiliates under license. THE INSURANCE COMPANY Please refer to your Contract to determine which Company issued your Contract. MetLife Insurance Company of Connecticut is a stock insurance company chartered in 1863 in Connecticut and continuously engaged in the insurance business since that time. It is licensed to conduct life insurance business in all states of the United States, the District of Columbia, Puerto Rico, Guam, the U.S. and British Virgin Islands and the Bahamas. The Company is a wholly-owned subsidiary of MetLife, Inc., a publicly-traded company. MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers. The Company's Home Office is located at One Cityplace, Hartford, Connecticut 06103-3415. Before December 7, 2007, certain of the Contracts were issued by MetLife Life and Annuity Company of Connecticut, a stock life insurance company chartered in 1973 in Connecticut. These Contracts were funded through MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002, a separate account registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended. On December 7, 2007, MLACC, a wholly-owned subsidiary of the Company and an indirect, wholly-owned subsidiary of MetLife, Inc., merged with and into the Company. Upon consummation of the merger, MLACC's corporate existence ceased by operation of law, and the Company assumed legal ownership of all of the assets of MLACC, including MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 and its assets. Pursuant to the merger, therefore, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 became a separate account of the Company. As a result of the merger, the Company also has become responsible for all of MLACC's liabilities and obligations, including those created under the Contract as initially issued by MLACC (formerly known as The Travelers Life and Annuity Company) and outstanding on the date of the merger. The Contract has thereby become a variable contract funded by a separate account of the Company, and each owner thereof has become a Contract Owner of the Company. FINANCIAL STATEMENTS The financial statements for the Company and its Separate Account MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 are located in the Statement of Additional Information. The financial statements for the Separate Account MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 are attached. DISTRIBUTION OF VARIABLE ANNUITY CONTRACTS DISTRIBUTION AND PRINCIPAL UNDERWRITING AGREEMENT. MetLife Insurance Company of Connecticut (the "Company") has appointed MetLife Investors Distribution Company ("MLIDC") to serve as the principal underwriter and distributor of the securities offered through this Prospectus, pursuant to the terms of a Distribution and Principal Underwriting Agreement. MLIDC, which is an affiliate of the Company, also acts as the principal underwriter and 51 distributor of other variable annuity contracts and variable life insurance policies issued by the Company and its affiliated companies. The Company reimburses MLIDC for expenses MLIDC incurs in distributing the Contracts (e.g. commissions payable to retail broker-dealers who sell the Contracts). MLIDC does not retain any fees under the Contracts; however, MLIDC may receive 12b-1 fees from the Underlying Funds. MLIDC's principal executive offices are located at 5 Park Plaza, Suite 1900, Irvine, California 92614. MLIDC is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as well as the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority (FINRA). An investor brochure that includes information describing FINRA's Public Disclosure Program is available by calling FINRA's Public Disclosure Program hotline at 1- 800-289-9999, or by visiting FINRA's website at www.finra.org. MLIDC and the Company enter into selling agreements with affiliated and unaffiliated broker-dealers who are registered with the SEC and are members of FINRA, and with entities that may offer the Contracts but are exempt from registration. Applications for the Contract are solicited by registered representatives who are associated persons of such affiliated or unaffiliated broker-dealer firms. Such representatives act as appointed agents of the Company under applicable state insurance law and must be licensed to sell variable insurance products. The Company no longer offers the Contracts to new purchasers but it continues to accept Purchase Payments from Contract Owners. COMPENSATION. Broker-dealers who have selling agreements with MLIDC and the Company are paid compensation for the promotion and sale of the Contracts. Registered representatives who solicit sales of the Contract typically receive a portion of the compensation payable to the broker-dealer firm. The amount the registered representative receives depends on the agreement between the firm and the registered representative. This agreement may also provide for the payment of other types of cash and non-cash compensation and other benefits. A broker- dealer firm or registered representative of a firm may receive different compensation for selling one product over another and/or may be inclined to favor one product provider over another product provider due to differing compensation rates. We generally pay compensation as a percentage of purchase payments invested in the Contract. Alternatively, we may pay lower compensation on purchase payments but pay periodic asset-based compensation based on all or a portion of the Contract Value. The amount and timing of compensation may vary depending on the selling agreement but is not expected to exceed 7.50% of Purchase Payments (if up-front compensation is paid to registered representatives) and up to 1.50% annually of average Contract Value (if asset-based compensation is paid to registered representatives). We pay American Funds Distributors, Inc., principal underwriter for the American Funds Insurance Series, a percentage of all Purchase Payments allocated to the funds in the American Funds Insurance Series for services it provides in marketing the Funds' shares in connection with the Contract. The Company and MLIDC have also entered into preferred distribution arrangements with certain broker-dealer firms. These arrangements are sometimes called "shelf space" arrangements. Under these arrangements, the Company and MLIDC pay separate, additional compensation to the broker-dealer firm for services the broker-dealer provides in connection with the distribution of the Company's products. These services may include providing the Company with access to the distribution network of the broker-dealer, the hiring and training of the broker-dealer's sales personnel, the sponsoring of conferences and seminars by the broker-dealer, or general marketing services performed by the broker-dealer. The broker-dealer may also provide other services or incur other costs in connection with distributing the Company's products. These preferred distribution arrangements will not be offered to all broker- dealer firms and the terms of such arrangements may differ between broker-dealer firms. Compensation payable under such arrangements may be based on aggregate, net or anticipated sales of the Contracts, total assets attributable to sales of the Contract by registered representatives of the broker-dealer firm or based on the length of time that a Contract Owner has owned the Contract. Any such compensation payable to a broker-dealer firm will be made by MLIDC or the Company out of their own assets and will not result in any additional direct charge to you. Such compensation may cause the broker-dealer firm and its registered representatives to favor the Company's products. CONFORMITY WITH STATE AND FEDERAL LAWS The laws of the state in which we deliver a contract govern that Contract. Where a state has not approved a contract feature or funding option, it will not be available in that state. Any paid-up annuity, Cash Surrender Value or death 52 benefits that are available under the Contract are not less than the minimum benefits required by the statutes of the state in which we delivered the Contract. We reserve the right to make any changes, including retroactive changes, in the Contract to the extent that the change is required to meet the requirements of any law or regulation issued by any governmental agency to which the Company, the Contract or the Contract Owner is subject. VOTING RIGHTS The Company is the legal owner of the shares of the Underlying Funds. However, we believe that when an Underlying Fund solicits proxies in conjunction with a vote of shareholders we are required to obtain from you and from other owners instructions on how to vote those shares. We will vote all shares, including those we may own on our own behalf, and those where we have not received instructions from Contract Owners, in the same proportion as shares for which we received voting instructions. The effect of this proportional voting is that a small number of Contract Owners may control the outcome of a vote. Should we determine that we are no longer required to comply with the above, we will vote the shares in our own right. In certain limited circumstances, and when permitted by law, we may disregard voting instructions. If we do disregard voting instructions, a summary of that action and the reasons for such action would be included in the next annual report to Contract Owners. RESTRICTIONS ON FINANCIAL TRANSACTIONS Federal laws designed to counter terrorism and prevent money laundering might, in certain circumstances, require us to block a Contract Owner's ability to make certain transactions and thereby refuse to accept any request for transfers, withdrawals, surrenders, or death benefits, until the instructions are received from the appropriate regulator. We may also be required to provide additional information about you and your Contract to government regulators. LEGAL PROCEEDINGS In the ordinary course of business, the Company, similar to other life insurance companies, is involved in lawsuits (including class action lawsuits), arbitrations and other legal proceedings. Also, from time to time, state and federal regulators or other officials conduct formal and informal examinations or undertake other actions dealing with various aspects of the financial services and insurance industries. In some legal proceedings involving insurers, substantial damages have been sought and/or material settlement payments have been made. It is not possible to predict with certainty the ultimate outcome of any pending legal proceeding or regulatory action. However, the Company does not believe any such action or proceeding will have a material adverse effect upon the Separate Account or upon the ability of MLIDC to perform its contract with the Separate Account or of the Company to meet its obligations under the Contracts. 53 THIS PAGE INTENTIONALLY LEFT BLANK. APPENDIX A - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE INSURANCE COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are included in the Statement of Additional Information ("SAI"). The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.474 1.539 -- 2005 1.435 1.474 13,259 2004 1.313 1.435 -- 2003 1.000 1.313 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.435 1.400 -- 2005 1.272 1.435 -- 2004 1.195 1.272 -- 2003 1.000 1.195 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 2.028 2.288 354,584 2006 1.715 2.028 361,129 2005 1.530 1.715 126,514 2004 1.373 1.530 74,543 2003 1.000 1.373 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.844 2.034 607,692 2006 1.703 1.844 642,261 2005 1.492 1.703 477,055 2004 1.350 1.492 205,142 2003 1.000 1.350 24,218 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.685 1.738 682,575 2006 1.489 1.685 713,995 2005 1.432 1.489 494,459 2004 1.321 1.432 229,220 2003 1.000 1.321 35,637
A-1 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.689 1.670 -- 2005 1.455 1.689 31,926 2004 1.239 1.455 -- 2003 1.000 1.239 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.767 2.302 -- 2005 1.679 1.767 20,631 2004 1.301 1.679 -- 2003 1.000 1.301 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.304 1.417 -- 2005 1.205 1.304 -- 2004 1.074 1.205 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.301 1.449 -- 2005 1.203 1.301 41,203 2004 1.067 1.203 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.837 2.120 67,500 2006 1.676 1.837 91,310 2005 1.460 1.676 97,502 2004 1.289 1.460 37,549 2003 1.000 1.289 2,003 VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.260 2.560 51,198 2006 2.047 2.260 62,428 2005 1.766 2.047 43,707 2004 1.442 1.766 30,239 2003 1.000 1.442 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.198 1.221 782,766 2006 1.031 1.198 820,739 2005 1.000 1.031 263,063
A-2 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.681 1.837 21,477 2006 1.575 1.681 22,152 2005 1.530 1.575 22,174 2004 1.398 1.530 16,786 2003 1.000 1.398 2,000 FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.518 1.765 -- 2005 1.398 1.518 181,951 2004 1.264 1.398 40,445 2003 1.000 1.264 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.785 3.523 165,470 2006 2.214 2.785 167,146 2005 1.769 2.214 21,391 2004 1.444 1.769 10,655 2003 1.000 1.444 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.115 2.398 114,721 2006 1.773 2.115 121,097 2005 1.638 1.773 143,783 2004 1.407 1.638 44,199 2003 1.000 1.407 1,000 FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.684 2.015 -- 2005 1.575 1.684 79,380 2004 1.382 1.575 6,457 2003 1.000 1.382 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.910 2.283 -- 2006 1.716 1.910 -- 2005 1.559 1.716 -- 2004 1.318 1.559 2,007 2003 1.000 1.318 2,007 Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.536 1.720 -- 2005 1.503 1.536 6,768 2004 1.332 1.503 -- 2003 1.000 1.332 --
A-3 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.465 1.558 -- 2006 1.390 1.465 -- 2005 1.331 1.390 -- 2004 1.317 1.331 1,000 2003 1.000 1.317 1,000 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.648 1.642 136,667 2006 1.542 1.648 165,864 2005 1.406 1.542 181,681 2004 1.302 1.406 78,678 2003 1.000 1.302 12,641 LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.511 1.609 350,654 2006 1.340 1.511 378,582 2005 1.308 1.340 126,696 2004 1.224 1.308 25,456 2003 1.000 1.224 15,635 LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.540 1.537 21,352 LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.365 1.413 651,681 2006 1.258 1.365 699,299 2005 1.229 1.258 948,369 2004 1.191 1.229 817,319 2003 1.000 1.191 171,664 LMPVET Capital Subaccount (3/03)................... 2007 1.554 1.555 306,595 2006 1.393 1.554 311,208 2005 1.347 1.393 343,429 2004 1.286 1.347 153,628 2003 1.000 1.286 28,399 LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.402 1.466 6,221 2006 1.210 1.402 7,236 2005 1.235 1.210 7,236 2004 1.216 1.235 8,236 2003 1.000 1.216 1,000 LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.585 1.633 27,889 2006 1.401 1.585 30,133 2005 1.369 1.401 30,537 2004 1.264 1.369 25,069 2003 1.000 1.264 --
A-4 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.769 1.759 69,427 2006 1.542 1.769 78,920 2005 1.498 1.542 97,170 2004 1.410 1.498 60,356 2003 1.000 1.410 2,008 LMPVET Global Equity Subaccount (3/03)............. 2007 1.679 1.730 338,168 2006 1.484 1.679 356,289 2005 1.418 1.484 357,728 2004 1.310 1.418 358,686 2003 1.000 1.310 7,252 LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.750 1.786 32,410 2006 1.507 1.750 65,300 2005 1.440 1.507 69,486 2004 1.328 1.440 41,184 2003 1.000 1.328 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.449 1.498 38,793 2006 1.410 1.449 65,133 2005 1.364 1.410 70,058 2004 1.384 1.364 26,136 2003 1.000 1.384 14,848 LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.690 1.778 9,506 2006 1.499 1.690 13,357 2005 1.409 1.499 13,366 2004 1.299 1.409 17,630 2003 1.000 1.299 1,014 LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.492 1.517 -- 2006 1.353 1.492 21,358 2005 1.330 1.353 21,364 2004 1.269 1.330 23,370 2003 1.000 1.269 2,000 LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.977 2.136 -- 2006 1.785 1.977 5,301 2005 1.732 1.785 5,301 2004 1.532 1.732 5,756 2003 1.000 1.532 --
A-5 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.020 1.015 126,006 2006 0.997 1.020 133,961 2005 0.992 0.997 106,311 2004 0.998 0.992 162,467 2003 1.000 0.998 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.178 1.179 56,288 2006 1.138 1.178 59,286 2005 1.129 1.138 57,517 2004 1.077 1.129 33,476 2003 1.000 1.077 1,000 LMPVIT High Income Subaccount (3/03)............... 2007 1.413 1.392 140,693 2006 1.296 1.413 182,382 2005 1.286 1.296 195,440 2004 1.186 1.286 51,934 2003 1.000 1.186 1,000 LMPVIT Money Market Subaccount (3/03).............. 2007 1.019 1.050 71,564 2006 0.991 1.019 15,525 2005 0.982 0.991 298,751 2004 0.991 0.982 326,129 2003 1.000 0.991 29,412 Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.866 1.991 -- 2006 1.683 1.866 10,932 2005 1.634 1.683 12,861 2004 1.439 1.634 1,000 2003 1.000 1.439 1,000 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.774 1.860 -- 2006 1.529 1.774 22,404 2005 1.496 1.529 22,408 2004 1.406 1.496 22,411 2003 1.000 1.406 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.604 1.666 -- 2006 1.393 1.604 63,882 2005 1.373 1.393 72,663 2004 1.241 1.373 15,864 2003 1.000 1.241 --
A-6 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.793 1.975 -- 2006 1.627 1.793 62,157 2005 1.531 1.627 67,831 2004 1.256 1.531 22,640 2003 1.000 1.256 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.709 1.790 -- 2006 1.616 1.709 5,030 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.775 1.786 2,041 MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.196 1.164 -- 2006 1.124 1.196 11,080 MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 2.049 1.995 45,796 2006 1.862 2.049 89,169 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.710 2.190 3,365 2006 1.670 1.710 31,926 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.209 1.069 3,205 MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.074 1.094 853,899 2006 1.001 1.074 846,517 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.071 1.058 55,836 2006 0.971 1.071 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.479 1.625 -- 2006 1.499 1.479 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.223 1.338 -- 2006 1.234 1.223 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.342 2.456 5,856 MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.395 1.474 17,764 2006 1.264 1.395 19,503 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.218 1.020 42,461 2006 1.003 1.218 38,057 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.135 1.200 327,620
A-7 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.570 1.619 69,334 2006 1.462 1.570 134,263 MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.108 1.222 -- 2006 1.054 1.108 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.162 1.217 130,459 2006 1.123 1.162 132,030 MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.027 0.979 96,590 2006 1.003 1.027 93,004 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.544 1.826 13,690 2006 1.584 1.544 18,508 MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.077 1.122 201,157 2006 1.000 1.077 207,166 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.414 1.388 22,628 2006 1.000 1.414 66,963 MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.428 1.457 -- 2006 1.410 1.428 13,196 MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.575 1.609 58,347 2006 1.537 1.575 97,017 MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.059 1.074 -- 2006 1.002 1.059 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.041 1.080 -- 2006 1.001 1.041 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.048 1.079 -- 2006 1.002 1.048 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.053 1.079 -- 2006 1.002 1.053 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.058 1.079 -- 2006 1.002 1.058 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.427 1.460 193,744 2006 1.337 1.427 194,087
A-8 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.050 1.096 131,659 2006 0.996 1.050 146,163 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.067 1.144 -- 2006 0.998 1.067 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.109 1.130 -- 2006 1.121 1.109 376,084 2005 1.118 1.121 402,925 2004 1.045 1.118 210,200 2003 1.000 1.045 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.081 1.154 916,239 2006 1.060 1.081 931,973 2005 1.053 1.060 344,396 2004 1.022 1.053 136,536 2003 1.000 1.022 6,058 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.176 2.354 -- 2006 1.735 2.176 -- 2005 1.574 1.735 -- 2004 1.379 1.574 -- 2003 1.000 1.379 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.321 2.477 -- 2006 2.015 2.321 -- 2005 1.916 2.015 -- 2004 1.546 1.916 -- 2003 1.000 1.546 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.408 1.499 -- 2005 1.319 1.408 -- 2004 1.261 1.319 -- 2003 1.000 1.261 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.464 1.537 -- 2005 1.426 1.464 97,576 2004 1.322 1.426 44,350 2003 1.000 1.322 --
A-9 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Large Cap Subaccount (3/03).............. 2006 1.369 1.410 -- 2005 1.283 1.369 7,856 2004 1.226 1.283 -- 2003 1.000 1.226 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.027 1.091 -- 2005 1.000 1.027 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.009 1.012 -- 2005 1.006 1.009 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.038 1.075 -- 2005 0.994 1.038 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.051 1.096 -- 2005 1.000 1.051 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.024 1.044 -- 2005 1.000 1.024 -- Travelers Managed Income Subaccount (3/03)......... 2006 1.050 1.039 -- 2005 1.054 1.050 242,801 2004 1.044 1.054 116,855 2003 1.000 1.044 1,994 Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.523 1.616 -- 2005 1.383 1.523 5,703 2004 1.215 1.383 4,058 2003 1.000 1.215 5,450 Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.498 1.584 -- 2005 1.479 1.498 28,625 2004 1.320 1.479 -- 2003 1.000 1.320 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.296 1.337 -- 2005 1.281 1.296 240,148 2004 1.170 1.281 95,126 2003 1.000 1.170 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.170 1.264 -- 2005 1.119 1.170 20,909 2004 1.000 1.119 --
A-10 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.622 1.862 -- 2005 1.508 1.622 110,871 2004 1.326 1.508 53,602 2003 1.000 1.326 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.379 1.462 -- 2005 1.325 1.379 175,808 2004 1.214 1.325 56,561 2003 1.000 1.214 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.002 1.054 -- 2005 1.000 1.002 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.113 1.123 -- 2005 1.093 1.113 91,666 2004 1.000 1.093 13,243 Travelers Strategic Equity Subaccount (3/03)....... 2006 1.380 1.439 -- 2005 1.377 1.380 5,234 2004 1.272 1.377 -- 2003 1.000 1.272 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.072 1.234 -- 2005 1.000 1.072 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.981 1.124 -- 2005 1.000 0.981 11,080 Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.328 1.378 -- 2005 1.254 1.328 67,707 2004 1.229 1.254 1,000 2003 1.000 1.229 1,000 Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.368 1.572 5,883 2006 1.354 1.368 5,883 2005 1.278 1.354 5,883 2004 1.215 1.278 7,883 2003 1.000 1.215 2,000
A-11 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.004 1.046 -- 2005 1.000 1.004 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.151 1.113 -- 2005 1.000 1.151 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.304 1.457 -- 2006 1.112 1.304 -- 2005 1.000 1.112 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.222 1.336 94,596 2006 1.139 1.222 94,596 2005 1.000 1.139 94,596 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.161 1.187 -- 2006 1.035 1.161 -- 2005 1.000 1.035 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.161 1.145 -- 2005 1.000 1.161 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.080 1.394 -- 2005 1.000 1.080 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.072 1.162 -- 2005 1.000 1.072 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.099 1.220 -- 2005 1.000 1.099 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.225 1.401 -- 2006 1.128 1.225 -- 2005 1.000 1.128 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.240 1.392 42,187 2006 1.134 1.240 42,187 2005 1.000 1.134 42,187
A-12 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.180 1.192 -- 2006 1.025 1.180 -- 2005 1.000 1.025 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.108 1.199 -- 2006 1.047 1.108 -- 2005 1.000 1.047 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.075 1.239 -- 2005 1.000 1.075 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.500 1.880 18,009 2006 1.203 1.500 18,009 2005 1.000 1.203 18,009 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 1.262 1.418 92,200 2006 1.067 1.262 92,200 2005 1.000 1.067 92,200 FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.058 1.254 -- 2005 1.000 1.058 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.212 1.436 -- 2006 1.099 1.212 -- 2005 1.000 1.099 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.025 1.139 -- 2005 1.000 1.025 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.085 1.151 -- 2006 1.038 1.085 -- 2005 1.000 1.038 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.168 1.154 -- 2006 1.103 1.168 -- 2005 1.000 1.103 -- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.128 1.190 -- 2006 1.009 1.128 -- 2005 1.000 1.009 --
A-13 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.135 1.131 -- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.102 1.130 -- 2006 1.024 1.102 -- 2005 1.000 1.024 -- LMPVET Capital Subaccount (3/03)................... 2007 1.149 1.138 -- 2006 1.039 1.149 -- 2005 1.000 1.039 -- LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.119 1.159 -- 2006 0.975 1.119 -- 2005 1.000 0.975 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.145 1.169 -- 2006 1.022 1.145 -- 2005 1.000 1.022 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.176 1.159 25,432 2006 1.035 1.176 25,432 2005 1.000 1.035 25,432 LMPVET Global Equity Subaccount (3/03)............. 2007 1.176 1.201 -- 2006 1.049 1.176 -- 2005 1.000 1.049 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.199 1.212 33,806 2006 1.041 1.199 33,806 2005 1.000 1.041 33,806 LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.069 1.096 38,455 2006 1.050 1.069 38,455 2005 1.000 1.050 38,455 LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.190 1.241 -- 2006 1.065 1.190 -- 2005 1.000 1.065 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.108 1.118 -- 2006 1.013 1.108 -- 2005 1.000 1.013 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.175 1.258 -- 2006 1.070 1.175 -- 2005 1.000 1.070 --
A-14 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.010 0.996 -- 2006 0.997 1.010 -- 2005 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.017 1.009 -- 2006 0.991 1.017 -- 2005 1.000 0.991 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.073 1.047 -- 2006 0.993 1.073 -- 2005 1.000 0.993 -- LMPVIT Money Market Subaccount (3/03).............. 2007 1.020 1.042 -- 2006 1.002 1.020 -- 2005 1.000 1.002 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.176 1.251 -- 2006 1.071 1.176 -- 2005 1.000 1.071 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.183 1.237 -- 2006 1.029 1.183 -- 2005 1.000 1.029 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.164 1.205 -- 2006 1.020 1.164 40,260 2005 1.000 1.020 40,260 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.168 1.282 -- 2006 1.069 1.168 -- 2005 1.000 1.069 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.206 1.260 -- 2006 1.148 1.206 37,866 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.250 1.250 37,866 MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.181 1.138 15,825 2006 1.116 1.181 15,825
A-15 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 1.331 1.284 25,692 2006 1.217 1.331 25,692 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.165 1.479 -- 2006 1.145 1.165 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.189 1.046 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.068 1.078 43,845 2006 1.001 1.068 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.064 1.042 -- 2006 0.970 1.064 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.119 1.218 -- 2006 1.141 1.119 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.206 1.308 14,740 2006 1.224 1.206 14,740 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.456 1.518 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.217 1.275 -- 2006 1.110 1.217 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.211 1.004 -- 2006 1.003 1.211 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 0.986 1.036 -- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.173 1.199 -- 2006 1.099 1.173 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.093 1.203 -- 2006 1.046 1.093 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.037 1.076 -- 2006 1.008 1.037 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.021 0.964 -- 2006 1.003 1.021 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.064 1.246 -- 2006 1.098 1.064 --
A-16 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.001 1.033 -- 2006 1.000 1.001 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.126 1.094 -- 2006 1.000 1.126 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.106 1.118 -- 2006 1.099 1.106 -- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.092 1.106 -- 2006 1.072 1.092 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.052 1.058 -- 2006 1.002 1.052 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.035 1.063 -- 2006 1.001 1.035 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.042 1.062 -- 2006 1.002 1.042 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.047 1.063 315,261 2006 1.002 1.047 315,261 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.052 1.063 -- 2006 1.002 1.052 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.096 1.111 -- 2006 1.033 1.096 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.043 1.079 -- 2006 0.996 1.043 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.061 1.127 -- 2006 0.998 1.061 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 0.966 0.982 -- 2006 0.986 0.966 -- 2005 1.000 0.986 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.005 1.064 24,590 2006 0.994 1.005 24,590 2005 1.000 0.994 24,590
A-17 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.357 1.464 -- 2006 1.091 1.357 -- 2005 1.000 1.091 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 1.198 1.275 -- 2006 1.049 1.198 -- 2005 1.000 1.049 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.075 1.141 -- 2005 1.000 1.075 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.024 1.072 -- 2005 1.000 1.024 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.070 1.099 -- 2005 1.000 1.070 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.024 1.085 -- 2005 1.000 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.005 1.005 -- 2005 1.003 1.005 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.033 1.066 -- 2005 0.993 1.033 296,135 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.046 1.087 -- 2005 1.000 1.046 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.020 1.036 -- 2005 1.000 1.020 -- Travelers Managed Income Subaccount (3/03)......... 2006 0.984 0.971 -- 2005 1.000 0.984 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.085 1.148 -- 2005 1.000 1.085 37,866 Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.041 1.098 -- 2005 1.000 1.041 --
A-18 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.004 1.033 -- 2005 1.000 1.004 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.031 1.110 -- 2005 1.000 1.031 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.063 1.217 -- 2005 1.000 1.063 25,692 Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.039 1.099 -- 2005 1.000 1.039 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.998 1.046 -- 2005 1.000 0.998 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.002 1.008 -- 2005 1.000 1.002 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.039 1.080 -- 2005 1.000 1.039 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.067 1.224 -- 2005 1.000 1.067 14,740 Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.977 1.116 -- 2005 1.000 0.977 15,825 Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.066 1.103 -- 2005 1.000 1.066 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.071 1.219 -- 2006 1.069 1.071 -- 2005 1.000 1.069 --
* We are currently waiving a portion of the Mortality and Expense Risk charge for this Subaccount. Please see "Fee Table -- Annual Separate Account Charges" for more information. The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 02/25/2005, The Travelers Series Trust-MFS Emerging Growth Portfolio merged into The Travelers Series Trust-MFS Mid Cap Growth Portfolio and is no longer available as a funding option. A-19 Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Large Cap Growth Portfolio was replaced by Metropolitan Series Fund, Inc.-T. Rowe Price Large Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Capital Appreciation Fund merged into Met Investors Series Trust-Janus Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Delaware VIP Trust-Delaware VIP REIT Series was replaced by Met Investors Series Trust-Neuberger Berman Real Estate Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Global Allocation Portfolio was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Value Opportunities VI Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton Variable Insurance Products Trust-Mutual Shares Securities Fund was replaced by Met Investors Series Trust- Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton Variable Insurance Products Trust-Templeton Growth Securities Fund was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-AIM Capital Appreciation Portfolio merged into Met Investors Series Trust-Met/AIM Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Equity Income Portfolio merged into Metropolitan Series Fund, Inc.-FI Value Leaders Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Large Cap Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Conservative Portfolio merged into Metropolitan Series Fund, Inc.- MetLife Conservative Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate-Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate to Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate-Conservative Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Conservative to Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Mercury Large Cap Core Portfolio merged into Met Investors Series Trust-Mercury Large-Cap Core Portfolio and is no longer available as a funding option. A-20 Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Mid Cap Growth Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Total Return Portfolio merged into Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Value Portfolio merged into Met Investors Series Trust-MFS(R) Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Mondrian International Stock Portfolio merged into Met Investors Series Trust-Harris Oakmark International Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Fund Portfolio merged into Met Investors Series Trust-Pioneer Fund Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Strategic Income Portfolio merged into Met Investors Series Trust-Pioneer Strategic Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Strategic Equity Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Growth Portfolio merged into Met Investors Series Trust-Met/AIM Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Value Portfolio merged into Met Investors Series Trust-Dreman Small- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Travelers Managed Income Portfolio merged into Metropolitan Series Fund, Inc..-BlackRock Bond Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Van Kampen Enterprise Portfolio merged into Metropolitan Series Fund, Inc.-Capital Guardian U.S. Equity Portfolio and is no longer available as a funding option. Effective on or about 11/13/2006, Lazard Retirement Series, Inc.-Lazard Retirement Small Cap Portfolio was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Investment Series-Legg Mason Partners Variable Premier Selections All Cap Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable All Cap Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Fundamental Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios V-Legg Mason Partners Variable Small Cap Growth Opportunities Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios III, Inc.-Legg Mason Partners Variable Large Cap Value Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Investors Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Mid- Cap Value Portfolio was replaced by Met Investors Series Trust-Lord Abbett Mid- Cap Value Portfolio and is no longer available as a funding option. A-21 Effective on or about 04/30/2007, Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class A was exchanged for Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class E and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Lazard Mid-Cap Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, PIMCO Variable Insurance Trust-Real Return Portfolio was replaced by Met Investors Series Trust-PIMCO Inflation Protected Bond Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT International Equity Fund was replaced by Met Investors Series Trust-MFS(R) Research International Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT Small Cap Value Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 11/12/2007, Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Multiple Discipline Portfolio -- Large Cap Growth and Value merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Appreciation Portfolio and is no longer available as a funding option. A-22 APPENDIX B - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE LIFE AND ANNUITY COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are attached. The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (4/03)................................... 2006 1.474 1.539 -- 2005 1.435 1.474 46,477 2004 1.313 1.435 64,752 2003 1.000 1.313 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (6/03)................................... 2006 1.435 1.400 -- 2005 1.272 1.435 10,418 2004 1.195 1.272 10,418 2003 1.000 1.195 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (4/03)............................................. 2007 2.028 2.288 302,494 2006 1.715 2.028 403,304 2005 1.530 1.715 447,397 2004 1.373 1.530 472,583 2003 1.000 1.373 299,589 American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.844 2.034 455,099 2006 1.703 1.844 586,583 2005 1.492 1.703 634,620 2004 1.350 1.492 617,857 2003 1.000 1.350 504,328 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.685 1.738 525,460 2006 1.489 1.685 732,002 2005 1.432 1.489 786,780 2004 1.321 1.432 772,045 2003 1.000 1.321 625,264
B-1 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (6/03)................... 2006 1.689 1.670 -- 2005 1.455 1.689 -- 2004 1.239 1.455 -- 2003 1.089 1.239 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (5/03)............................................. 2006 1.767 2.302 -- 2005 1.679 1.767 -- 2004 1.301 1.679 -- 2003 1.088 1.301 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (12/03)................................ 2006 1.304 1.417 -- 2005 1.205 1.304 -- 2004 1.074 1.205 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (12/03)................................ 2006 1.301 1.449 -- 2005 1.203 1.301 7,445 2004 1.067 1.203 7,445 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.837 2.120 26,207 2006 1.676 1.837 26,209 2005 1.460 1.676 40,544 2004 1.289 1.460 50,909 2003 1.000 1.289 27,047 VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.260 2.560 30,384 2006 2.047 2.260 60,734 2005 1.766 2.047 86,255 2004 1.442 1.766 66,196 2003 1.000 1.442 30,351 Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (6/05).......................................... 2007 1.198 1.221 11,501 2006 1.031 1.198 11,510 2005 1.043 1.031 11,521
B-2 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (4/03)........................ 2007 1.681 1.837 92,245 2006 1.575 1.681 96,770 2005 1.530 1.575 121,401 2004 1.398 1.530 108,563 2003 1.000 1.398 76,045 FTVIPT Mutual Shares Securities Subaccount (Class 2) (4/03).......................................... 2006 1.518 1.765 -- 2005 1.398 1.518 34,836 2004 1.264 1.398 33,858 2003 1.000 1.264 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.785 3.523 93,659 2006 2.214 2.785 112,651 2005 1.769 2.214 127,498 2004 1.444 1.769 127,618 2003 1.000 1.444 90,090 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/03)................................... 2007 2.115 2.398 129,986 2006 1.773 2.115 158,784 2005 1.638 1.773 204,747 2004 1.407 1.638 217,612 2003 1.000 1.407 121,178 FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/03)................................... 2006 1.684 2.015 -- 2005 1.575 1.684 30,498 2004 1.382 1.575 55,235 2003 1.115 1.382 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.910 2.283 62,111 2006 1.716 1.910 64,024 2005 1.559 1.716 65,959 2004 1.318 1.559 67,939 2003 1.000 1.318 70,642 Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.536 1.720 -- 2005 1.503 1.536 13,845 2004 1.332 1.503 14,330 2003 1.000 1.332 --
B-3 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (7/03)............................................. 2007 1.465 1.558 -- 2006 1.390 1.465 -- 2005 1.331 1.390 -- 2004 1.317 1.331 -- 2003 1.000 1.317 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/03)............................................. 2007 1.648 1.642 319,286 2006 1.542 1.648 321,120 2005 1.406 1.542 376,756 2004 1.302 1.406 371,365 2003 1.000 1.302 337,891 LMPVET Appreciation Subaccount (Class I) (4/03).... 2007 1.511 1.609 165,038 2006 1.340 1.511 171,911 2005 1.308 1.340 210,823 2004 1.224 1.308 184,877 2003 1.000 1.224 71,023 LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.540 1.537 197,493 LMPVET Capital and Income Subaccount (Class II) (4/03)............................................. 2007 1.365 1.413 496,397 2006 1.258 1.365 496,425 2005 1.229 1.258 643,073 2004 1.191 1.229 641,413 2003 1.000 1.191 170,815 LMPVET Capital Subaccount (3/03)................... 2007 1.554 1.555 367,019 2006 1.393 1.554 378,426 2005 1.347 1.393 451,523 2004 1.286 1.347 513,197 2003 1.000 1.286 774,888 LMPVET Dividend Strategy Subaccount (5/03)......... 2007 1.402 1.466 26,461 2006 1.210 1.402 68,282 2005 1.235 1.210 71,641 2004 1.216 1.235 7,507 2003 1.000 1.216 7,907 LMPVET Equity Index Subaccount (Class II) (5/03)... 2007 1.585 1.633 53,994 2006 1.401 1.585 55,780 2005 1.369 1.401 87,641 2004 1.264 1.369 89,785 2003 1.000 1.264 40,091
B-4 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.769 1.759 177,247 2006 1.542 1.769 169,024 2005 1.498 1.542 175,780 2004 1.410 1.498 198,293 2003 1.000 1.410 196,716 LMPVET Global Equity Subaccount (3/03)............. 2007 1.679 1.730 14,278 2006 1.484 1.679 14,293 2005 1.418 1.484 52,198 2004 1.310 1.418 147,882 2003 1.000 1.310 85,272 LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.750 1.786 5,926 2006 1.507 1.750 6,304 2005 1.440 1.507 6,688 2004 1.328 1.440 7,083 2003 1.000 1.328 16,418 LMPVET Large Cap Growth Subaccount (Class I) (5/03)............................................. 2007 1.449 1.498 46,542 2006 1.410 1.449 46,547 2005 1.364 1.410 97,486 2004 1.384 1.364 97,491 2003 1.000 1.384 96,688 LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.690 1.778 -- 2006 1.499 1.690 -- 2005 1.409 1.499 -- 2004 1.299 1.409 12,127 2003 1.000 1.299 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (4/03)............................ 2007 1.492 1.517 -- 2006 1.353 1.492 197,493 2005 1.330 1.353 244,504 2004 1.269 1.330 247,232 2003 1.000 1.269 28,462 LMPVET Small Cap Growth Subaccount (Class I) (5/03)............................................. 2007 1.977 2.136 3,621 2006 1.785 1.977 -- 2005 1.732 1.785 -- 2004 1.532 1.732 -- 2003 1.000 1.532 --
B-5 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.020 1.015 72,082 2006 0.997 1.020 72,082 2005 0.992 0.997 127,989 2004 0.998 0.992 135,129 2003 1.000 0.998 -- LMPVIT Diversified Srategic Income Subaccount (4/03)............................................. 2007 1.178 1.179 175,508 2006 1.138 1.178 181,475 2005 1.129 1.138 216,920 2004 1.077 1.129 330,579 2003 1.000 1.077 664,067 LMPVIT High Income Subaccount (3/03)............... 2007 1.413 1.392 483,998 2006 1.296 1.413 567,582 2005 1.286 1.296 616,619 2004 1.186 1.286 723,470 2003 1.000 1.186 1,457,539 LMPVIT Money Market Subaccount (3/03).............. 2007 1.019 1.050 517,903 2006 0.991 1.019 625,584 2005 0.982 0.991 694,902 2004 0.991 0.982 832,915 2003 1.000 0.991 295,928 Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (8/03)................................... 2007 1.866 1.991 -- 2006 1.683 1.866 3,841 2005 1.634 1.683 3,841 2004 1.439 1.634 3,841 2003 1.000 1.439 3,841 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.774 1.860 -- 2006 1.529 1.774 9,776 2005 1.496 1.529 9,776 2004 1.406 1.496 9,776 2003 1.000 1.406 9,776 Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.604 1.666 -- 2006 1.393 1.604 93,455 2005 1.373 1.393 98,781 2004 1.241 1.373 34,126 2003 1.000 1.241 4,911
B-6 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.793 1.975 -- 2006 1.627 1.793 196,023 2005 1.531 1.627 218,787 2004 1.256 1.531 240,790 2003 1.000 1.256 166,385 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.709 1.790 -- 2006 1.616 1.709 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.775 1.786 -- MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.196 1.164 -- 2006 1.088 1.196 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 2.049 1.995 32,876 2006 1.862 2.049 33,092 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.710 2.190 -- 2006 1.670 1.710 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.209 1.069 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.074 1.094 158,292 2006 1.001 1.074 74,271 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.071 1.058 246,491 2006 0.971 1.071 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.479 1.625 -- 2006 1.499 1.479 32,017 MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.223 1.338 -- 2006 1.234 1.223 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.342 2.456 20,454 MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.395 1.474 -- 2006 1.264 1.395 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.218 1.020 -- 2006 1.003 1.218 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.135 1.200 304,649
B-7 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.570 1.619 -- 2006 1.462 1.570 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.108 1.222 -- 2006 1.118 1.108 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.162 1.217 -- 2006 1.123 1.162 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.027 0.979 96,174 2006 1.003 1.027 16,130 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.544 1.826 24,541 2006 1.584 1.544 26,759 MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.077 1.122 27,891 2006 1.000 1.077 27,903 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.414 1.388 -- 2006 1.000 1.414 32,411 MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.428 1.457 14,974 2006 1.410 1.428 15,377 MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.575 1.609 24,645 2006 1.537 1.575 24,654 MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.059 1.074 -- 2006 1.002 1.059 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.041 1.080 -- 2006 1.001 1.041 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.048 1.079 -- 2006 1.002 1.048 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.053 1.079 301,888 2006 1.002 1.053 174,774 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.058 1.079 -- 2006 1.002 1.058 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.427 1.460 576,178 2006 1.337 1.427 608,312
B-8 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.050 1.096 13,078 2006 0.996 1.050 13,078 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.067 1.144 49,321 2006 0.998 1.067 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.109 1.130 -- 2006 1.121 1.109 219,305 2005 1.118 1.121 348,223 2004 1.045 1.118 801,442 2003 1.000 1.045 548,984 PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.081 1.154 508,945 2006 1.060 1.081 304,202 2005 1.053 1.060 419,118 2004 1.022 1.053 529,869 2003 1.000 1.022 395,456 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.176 2.354 -- 2006 1.735 2.176 20,831 2005 1.574 1.735 20,044 2004 1.379 1.574 54,517 2003 1.000 1.379 11,655 Putnam VT Small Cap Value Subaccount (Class IB) (4/03)............................................. 2007 2.321 2.477 -- 2006 2.015 2.321 36,557 2005 1.916 2.015 42,427 2004 1.546 1.916 28,652 2003 1.000 1.546 29,737 The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/03)............................................. 2006 1.408 1.499 -- 2005 1.319 1.408 32,017 2004 1.261 1.319 44,476 2003 1.000 1.261 32,017 Travelers Equity Income Subaccount (3/03).......... 2006 1.464 1.537 -- 2005 1.426 1.464 53,201 2004 1.322 1.426 48,484 2003 1.000 1.322 47,301
B-9 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Large Cap Subaccount (7/03).............. 2006 1.369 1.410 -- 2005 1.283 1.369 8,644 2004 1.226 1.283 7,293 2003 1.000 1.226 -- Travelers Managed Allocation Series: Aggressive Subaccount (10/05)................................. 2006 1.027 1.091 -- 2005 0.976 1.027 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.009 1.012 -- 2005 1.000 1.009 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.038 1.075 -- 2005 1.000 1.038 193,376 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (1/06)....................... 2006 1.051 1.096 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (8/05)..................... 2006 1.024 1.044 -- 2005 1.013 1.024 -- Travelers Managed Income Subaccount (3/03)......... 2006 1.050 1.039 -- 2005 1.054 1.050 93,368 2004 1.044 1.054 198,224 2003 1.000 1.044 148,736 Travelers Mercury Large Cap Core Subaccount (4/03)............................................. 2006 1.523 1.616 -- 2005 1.383 1.523 -- 2004 1.215 1.383 -- 2003 1.000 1.215 -- Travelers MFS(R) Mid Cap Growth Subaccount (6/03).. 2006 1.498 1.584 -- 2005 1.479 1.498 27,402 2004 1.320 1.479 -- 2003 1.163 1.320 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.296 1.337 -- 2005 1.281 1.296 763,485 2004 1.170 1.281 652,341 2003 1.000 1.170 586,917 Travelers MFS(R) Value Subaccount (7/04)........... 2006 1.170 1.264 -- 2005 1.119 1.170 -- 2004 0.996 1.119 --
B-10 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Mondrian International Stock Subaccount (5/03)............................................. 2006 1.622 1.862 -- 2005 1.508 1.622 40,983 2004 1.326 1.508 24,926 2003 1.000 1.326 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.379 1.462 -- 2005 1.325 1.379 -- 2004 1.214 1.325 4,848 2003 1.000 1.214 -- Travelers Pioneer Mid Cap Value Subaccount (1/70).. 2006 1.002 1.054 -- 2005 1.000 1.002 -- Travelers Pioneer Strategic Income Subaccount (7/04)............................................. 2006 1.113 1.123 -- 2005 1.093 1.113 4,979,752 2004 1.016 1.093 -- Travelers Strategic Equity Subaccount (5/03)....... 2006 1.380 1.439 -- 2005 1.377 1.380 7,004 2004 1.272 1.377 32,100 2003 1.000 1.272 32,496 Travelers Style Focus Series: Small Cap Growth Subaccount (1/70).................................. 2006 1.072 1.234 -- 2005 1.000 1.072 -- Travelers Style Focus Series: Small Cap Value Subaccount (1/70).................................. 2006 0.981 1.124 -- 2005 1.000 0.981 -- Travelers Van Kampen Enterprise Subaccount (7/03).. 2006 1.328 1.378 -- 2005 1.254 1.328 32,411 2004 1.229 1.254 32,411 2003 1.000 1.229 32,411 Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (5/03).......................................... 2007 1.368 1.572 20,802 2006 1.354 1.368 63,209 2005 1.278 1.354 63,911 2004 1.215 1.278 64,629 2003 1.000 1.215 65,600
B-11 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (4/03)................................... 2006 1.004 1.046 -- 2005 1.000 1.004 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (6/03)................................... 2006 1.151 1.113 -- 2005 1.000 1.151 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (4/03)............................................. 2007 1.304 1.457 -- 2006 1.112 1.304 -- 2005 1.000 1.112 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.222 1.336 -- 2006 1.139 1.222 -- 2005 1.000 1.139 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.161 1.187 -- 2006 1.035 1.161 -- 2005 1.000 1.035 -- Capital Appreciation Fund Capital Appreciation Fund (6/03)................... 2006 1.161 1.145 -- 2005 1.000 1.161 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (5/03)............................................. 2006 1.080 1.394 -- 2005 1.000 1.080 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (12/03)................................ 2006 1.072 1.162 -- 2005 1.000 1.072 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (12/03)................................ 2006 1.099 1.220 -- 2005 1.000 1.099 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.225 1.401 -- 2006 1.128 1.225 -- 2005 1.000 1.128 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.240 1.392 -- 2006 1.134 1.240 -- 2005 1.000 1.134 --
B-12 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (6/05).......................................... 2007 1.180 1.192 -- 2006 1.025 1.180 -- 2005 1.042 1.025 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (4/03)........................ 2007 1.108 1.199 -- 2006 1.047 1.108 -- 2005 1.000 1.047 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (4/03).......................................... 2006 1.075 1.239 -- 2005 1.000 1.075 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.500 1.880 -- 2006 1.203 1.500 -- 2005 1.000 1.203 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/03)................................... 2007 1.262 1.418 -- 2006 1.067 1.262 -- 2005 1.000 1.067 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/03)................................... 2006 1.058 1.254 -- 2005 1.000 1.058 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.212 1.436 -- 2006 1.099 1.212 -- 2005 1.000 1.099 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.025 1.139 -- 2005 1.000 1.025 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (7/03)............................................. 2007 1.085 1.151 -- 2006 1.038 1.085 -- 2005 1.000 1.038 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/03)............................................. 2007 1.168 1.154 -- 2006 1.103 1.168 -- 2005 1.000 1.103 -- LMPVET Appreciation Subaccount (Class I) (4/03).... 2007 1.128 1.190 -- 2006 1.009 1.128 -- 2005 1.000 1.009 --
B-13 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.135 1.131 -- LMPVET Capital and Income Subaccount (Class II) (4/03)............................................. 2007 1.102 1.130 -- 2006 1.024 1.102 -- 2005 1.000 1.024 -- LMPVET Capital Subaccount (3/03)................... 2007 1.149 1.138 -- 2006 1.039 1.149 -- 2005 1.000 1.039 -- LMPVET Dividend Strategy Subaccount (5/03)......... 2007 1.119 1.159 -- 2006 0.975 1.119 -- 2005 1.000 0.975 -- LMPVET Equity Index Subaccount (Class II) (5/03)... 2007 1.145 1.169 -- 2006 1.022 1.145 -- 2005 1.000 1.022 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.176 1.159 -- 2006 1.035 1.176 -- 2005 1.000 1.035 -- LMPVET Global Equity Subaccount (3/03)............. 2007 1.176 1.201 -- 2006 1.049 1.176 -- 2005 1.000 1.049 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.199 1.212 -- 2006 1.041 1.199 -- 2005 1.000 1.041 -- LMPVET Large Cap Growth Subaccount (Class I) (5/03)............................................. 2007 1.069 1.096 -- 2006 1.050 1.069 -- 2005 1.000 1.050 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.190 1.241 -- 2006 1.065 1.190 -- 2005 1.000 1.065 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (4/03)............................ 2007 1.108 1.118 -- 2006 1.013 1.108 -- 2005 1.000 1.013 -- LMPVET Small Cap Growth Subaccount (Class I) (5/03)............................................. 2007 1.175 1.258 -- 2006 1.070 1.175 -- 2005 1.000 1.070 --
B-14 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.010 0.996 -- 2006 0.997 1.010 -- 2005 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (4/03)............................................. 2007 1.017 1.009 -- 2006 0.991 1.017 -- 2005 1.000 0.991 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.073 1.047 -- 2006 0.993 1.073 -- 2005 1.000 0.993 -- LMPVIT Money Market Subaccount (3/03).............. 2007 1.020 1.042 -- 2006 1.002 1.020 -- 2005 1.000 1.002 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (8/03)................................... 2007 1.176 1.251 -- 2006 1.071 1.176 -- 2005 1.000 1.071 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.183 1.237 -- 2006 1.029 1.183 -- 2005 1.000 1.029 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.164 1.205 -- 2006 1.020 1.164 -- 2005 1.000 1.020 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.168 1.282 -- 2006 1.069 1.168 -- 2005 1.000 1.069 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.206 1.260 -- 2006 1.148 1.206 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.250 1.250 -- MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.181 1.138 -- 2006 1.076 1.181 --
B-15 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 1.331 1.284 -- 2006 1.217 1.331 -- MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.165 1.479 -- 2006 1.145 1.165 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.189 1.046 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.068 1.078 -- 2006 1.001 1.068 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.064 1.042 -- 2006 0.970 1.064 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.119 1.218 -- 2006 1.141 1.119 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.206 1.308 -- 2006 1.224 1.206 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.456 1.518 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.217 1.275 -- 2006 1.110 1.217 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.211 1.004 -- 2006 1.003 1.211 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 0.986 1.036 -- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.173 1.199 -- 2006 1.099 1.173 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.093 1.203 -- 2006 1.104 1.093 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.037 1.076 -- 2006 1.008 1.037 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.021 0.964 -- 2006 1.003 1.021 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.064 1.246 -- 2006 1.098 1.064 --
B-16 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.001 1.033 -- 2006 1.000 1.001 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.126 1.094 -- 2006 1.000 1.126 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.106 1.118 -- 2006 1.099 1.106 -- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.092 1.106 -- 2006 1.072 1.092 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.052 1.058 -- 2006 1.002 1.052 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.035 1.063 -- 2006 1.001 1.035 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.042 1.062 -- 2006 1.002 1.042 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.047 1.063 -- 2006 1.002 1.047 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.052 1.063 -- 2006 1.002 1.052 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.096 1.111 -- 2006 1.033 1.096 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.043 1.079 -- 2006 0.996 1.043 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.061 1.127 -- 2006 0.998 1.061 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 0.966 0.982 -- 2006 0.986 0.966 -- 2005 1.000 0.986 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.005 1.064 -- 2006 0.994 1.005 -- 2005 1.000 0.994 --
B-17 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.357 1.464 -- 2006 1.091 1.357 -- 2005 1.000 1.091 -- Putnam VT Small Cap Value Subaccount (Class IB) (4/03)............................................. 2007 1.198 1.275 -- 2006 1.049 1.198 -- 2005 1.000 1.049 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/03)............................................. 2006 1.075 1.141 -- 2005 1.000 1.075 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.024 1.072 -- 2005 1.000 1.024 -- Travelers Large Cap Subaccount (7/03).............. 2006 1.070 1.099 -- 2005 1.000 1.070 -- Travelers Managed Allocation Series: Aggressive Subaccount (10/05)................................. 2006 1.024 1.085 -- 2005 0.975 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.005 1.005 -- 2005 1.000 1.005 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.033 1.066 -- 2005 1.000 1.033 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (1/06)....................... 2006 1.046 1.087 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (8/05)..................... 2006 1.020 1.036 -- 2005 1.012 1.020 -- Travelers Managed Income Subaccount (3/03)......... 2006 0.984 0.971 -- 2005 1.000 0.984 -- Travelers Mercury Large Cap Core Subaccount (4/03)............................................. 2006 1.085 1.148 -- 2005 1.000 1.085 -- Travelers MFS(R) Mid Cap Growth Subaccount (6/03).. 2006 1.041 1.098 -- 2005 1.000 1.041 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.004 1.033 -- 2005 1.000 1.004 --
B-18 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Value Subaccount (7/04)........... 2006 1.031 1.110 -- 2005 1.000 1.031 -- Travelers Mondrian International Stock Subaccount (5/03)............................................. 2006 1.063 1.217 -- 2005 1.000 1.063 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.039 1.099 -- 2005 1.000 1.039 -- Travelers Pioneer Mid Cap Value Subaccount (1/70).. 2006 0.998 1.046 -- 2005 1.000 0.998 -- Travelers Pioneer Strategic Income Subaccount (7/04)............................................. 2006 1.002 1.008 -- 2005 1.000 1.002 -- Travelers Strategic Equity Subaccount (5/03)....... 2006 1.039 1.080 -- 2005 1.000 1.039 -- Travelers Style Focus Series: Small Cap Growth Subaccount (1/70).................................. 2006 1.067 1.224 -- 2005 1.000 1.067 -- Travelers Style Focus Series: Small Cap Value Subaccount (1/70).................................. 2006 0.977 1.116 -- 2005 1.000 0.977 -- Travelers Van Kampen Enterprise Subaccount (7/03).. 2006 1.066 1.103 -- 2005 1.000 1.066 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (5/03).......................................... 2007 1.071 1.219 -- 2006 1.069 1.071 -- 2005 1.000 1.069 --
* We are currently waiving a portion of the Mortality and Expense Risk charge for this Subaccount. Please see "Fee Table -- Annual Separate Account Charges" for more information. The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 02/25/2005, The Travelers Series Trust-MFS Emerging Growth Portfolio merged into The Travelers Series Trust-MFS Mid Cap Growth Portfolio and is no longer available as a funding option. B-19 Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Large Cap Growth Portfolio was replaced by Metropolitan Series Fund, Inc.-T. Rowe Price Large Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Capital Appreciation Fund merged into Met Investors Series Trust-Janus Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Delaware VIP Trust-Delaware VIP REIT Series was replaced by Met Investors Series Trust-Neuberger Berman Real Estate Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Global Allocation Portfolio was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Value Opportunities VI Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton Variable Insurance Products Trust-Mutual Shares Securities Fund was replaced by Met Investors Series Trust- Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton Variable Insurance Products Trust-Templeton Growth Securities Fund was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-AIM Capital Appreciation Portfolio merged into Met Investors Series Trust-Met/AIM Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Equity Income Portfolio merged into Metropolitan Series Fund, Inc.-FI Value Leaders Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Large Cap Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Conservative Portfolio merged into Metropolitan Series Fund, Inc.- MetLife Conservative Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate-Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate to Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate-Conservative Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Conservative to Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Mercury Large Cap Core Portfolio merged into Met Investors Series Trust-Mercury Large-Cap Core Portfolio and is no longer available as a funding option. B-20 Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Mid Cap Growth Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Total Return Portfolio merged into Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Value Portfolio merged into Met Investors Series Trust-MFS(R) Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Mondrian International Stock Portfolio merged into Met Investors Series Trust-Harris Oakmark International Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Fund Portfolio merged into Met Investors Series Trust-Pioneer Fund Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Strategic Income Portfolio merged into Met Investors Series Trust-Pioneer Strategic Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Strategic Equity Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Growth Portfolio merged into Met Investors Series Trust-Met/AIM Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Value Portfolio merged into Met Investors Series Trust-Dreman Small- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Travelers Managed Income Portfolio merged into Metropolitan Series Fund, Inc..-BlackRock Bond Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Van Kampen Enterprise Portfolio merged into Metropolitan Series Fund, Inc.-Capital Guardian U.S. Equity Portfolio and is no longer available as a funding option. Effective on or about 11/13/2006, Lazard Retirement Series, Inc.-Lazard Retirement Small Cap Portfolio was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Investment Series-Legg Mason Partners Variable Premier Selections All Cap Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable All Cap Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Fundamental Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios V-Legg Mason Partners Variable Small Cap Growth Opportunities Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios III, Inc.-Legg Mason Partners Variable Large Cap Value Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Investors Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Mid- Cap Value Portfolio was replaced by Met Investors Series Trust-Lord Abbett Mid- Cap Value Portfolio and is no longer available as a funding option. B-21 Effective on or about 04/30/2007, Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class A was exchanged for Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class E and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Lazard Mid-Cap Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, PIMCO Variable Insurance Trust-Real Return Portfolio was replaced by Met Investors Series Trust-PIMCO Inflation Protected Bond Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT International Equity Fund was replaced by Met Investors Series Trust-MFS(R) Research International Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT Small Cap Value Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 11/12/2007, Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Multiple Discipline Portfolio -- Large Cap Growth and Value merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Appreciation Portfolio and is no longer available as a funding option. B-22 APPENDIX C - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION REGARDING UNDERLYING FUNDS Certain Underlying Funds were subject to a merger, substitution or other change. The chart below identifies the former name and new name of each of these Underlying Funds, and where applicable, the former name and new name of the trust of which the Underlying Fund is a part. UNDERLYING FUND NAME CHANGES
FORMER NAME NEW NAME - --------------------------------------------- --------------------------------------------- LEGG MASON PARTNERS VARIABLE EQUITY TRUST LEGG MASON PARTNERS VARIABLE EQUITY TRUST Legg Mason Partners Variable Multiple Legg Mason Partners Variable Capital Discipline Portfolio -- All Cap Growth Portfolio and Value LEGG MASON PARTNERS VARIABLE EQUITY TRUST LEGG MASON PARTNERS VARIABLE EQUITY TRUST Legg Mason Partners Variable Multiple Legg Mason Partners Variable Global Equity Discipline Portfolio -- Global All Cap Portfolio Growth and Value MET INVESTORS SERIES TRUST MET INVESTORS SERIES TRUST Neuberger Berman Real Estate Clarion Global Real Estate Portfolio -- Class A Portfolio -- Class A
UNDERLYING FUND MERGERS/REORGANIZATIONS The following former Underlying Funds were merged with and into the new Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- LEGG MASON PARTNERS VARIABLE EQUITY TRUST LEGG MASON PARTNERS VARIABLE EQUITY TRUST Legg Mason Partners Variable Multiple Legg Mason Partners Variable Appreciation Discipline Portfolio -- Large Cap Portfolio -- Class II Growth and Value MET INVESTORS SERIES TRUST METROPOLITAN SERIES FUND, INC. MFS(R) Value Portfolio -- Class A MFS(R) Value Portfolio -- Class A
UNDERLYING FUND SUBSTITUTIONS The following new Underlying Funds were substituted for the former Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- FRANKLIN TEMPLETON VARIABLE INSURANCE MET INVESTORS SERIES TRUST PRODUCTS TRUST Templeton Developing Markets Securities MFS(R) Emerging Markets Equity Fund -- Class 2 Portfolio -- Class B VAN KAMPEN LIFE INVESTMENT TRUST METROPOLITAN SERIES FUND, INC. Strategic Growth Portfolio -- Class I Jennison Growth Portfolio -- Class A
C-1 THIS PAGE INTENTIONALLY LEFT BLANK. APPENDIX D - -------------------------------------------------------------------------------- CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION The Statement of Additional Information contains more specific information and financial statements relating to the Separate Account and MetLife Insurance Company of Connecticut. A list of the contents of the Statement of Additional Information is set forth below: The Insurance Company Principal Underwriter Distribution and Principal Underwriting Agreement Valuation of Assets Federal Tax Considerations Independent Registered Public Accounting Firm Financial Statements Copies of the Statement of Additional Information dated April 28, 2008 are available without charge. To request a copy, please clip this coupon on the line above, enter your name and address in the spaces provided below, and mail to MetLife Insurance Company of Connecticut, P.O. Box 10366, Des Moines, IA 50306- 0366. For the MetLife Insurance Company of Connecticut Statement of Additional Information please request MIC-Book-67-68-77-89. Name: ------------------------------------------------- Address: ---------------------------------------------- CHECK BOX: [ ] MIC-Book-67-68-77-89 D-1 PORTFOLIO ARCHITECT ACCESS ANNUITY ISSUED BY METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES METLIFE INSURANCE COMPANY OF CONNECTICUT SUPPLEMENT DATED OCTOBER 13, 2008 TO THE PROSPECTUS DATED APRIL 28, 2008 Effective October 13, 2008, the Company combined MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 (the "Former Separate Account") with and into MetLife of CT Separate Account Eleven for Variable Annuities (the "Separate Account"). The Separate Account was established on November 14, 2002 and is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940, as amended. In connection with the combination of the Former Separate Account with and into the Separate Account (the "Combination"), we transferred the assets of the Former Separate Account to the Separate Account and the Separate Account assumed the liabilities and contractual obligations of the Former Separate Account. All references in your Prospectus to the Former Separate Account now refer to the Separate Account. The Combination does not affect you in any way. More particularly: - There are no changes in our obligations or your rights and benefits under the Contract as a result of the Combination. - Your Contract Value is not affected by the Combination and no charges have been or will be imposed in connection therewith. - The Variable Funding Options available under your Contract have not changed as a result of the Combination. - Your Contract Value is allocated to the same Variable Funding Options (with the same Accumulation Unit values or Annuity Unit values) as it was before the Combination. - The Combination does not result in any federal income tax consequences to you. If you have any questions, please contact us at 800-842-9368. PORTFOLIO ARCHITECT ACCESS ANNUITY PROSPECTUS: METLIFE INSURANCE COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 METLIFE LIFE AND ANNUITY COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 APRIL 28, 2008 This prospectus describes PORTFOLIO ARCHITECT ACCESS ANNUITY, a flexible premium deferred variable annuity contract (the "Contract") issued by MetLife Insurance Company of Connecticut. The Contract is available in connection with certain retirement plans that qualify for special federal income tax treatment ("Qualified Contracts") as well as those that do not qualify for such treatment ("Non-qualified Contracts"). We may issue it as an individual contract or as a group contract. When we issue a group contract, you will receive a certificate summarizing the Contract's provisions. For convenience, we refer to contracts and certificates as "Contracts." You can choose to have your premium ("Purchase Payments") accumulate on a variable basis in one or more of our funding options. Your Contract Value before the Maturity Date and the amount of monthly income afterwards will vary daily to reflect the investment experience of the Variable Funding Options you select. You bear the investment risk of investing in the Variable Funding Options. The Variable Funding Options available for contracts purchased on or after April 28, 2008 are: AMERICAN FUNDS INSURANCE SERIES(R) -- CLASS 2 Lord Abbett Bond Debenture American Funds Global Growth Fund Portfolio -- Class A American Funds Growth Fund Lord Abbett Growth and Income American Funds Growth-Income Fund Portfolio -- Class B FIDELITY(R) VARIABLE INSURANCE Lord Abbett Mid Cap Value PRODUCTS -- SERVICE CLASS 2 Portfolio -- Class B Contrafund(R) Portfolio Met/AIM Capital Appreciation Mid Cap Portfolio Portfolio -- Class A FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS Met/AIM Small Cap Growth Portfolio -- Class TRUST -- CLASS 2 A Templeton Foreign Securities Fund MFS(R) Emerging Markets Equity JANUS ASPEN SERIES -- SERVICE SHARES Portfolio -- Class B Global Technology Portfolio PIMCO Inflation Protected Bond LEGG MASON PARTNERS VARIABLE EQUITY TRUST Portfolio -- Class A Legg Mason Partners Variable Aggressive Pioneer Fund Portfolio -- Class A Growth Portfolio -- Class I Pioneer Strategic Income Portfolio -- Class Legg Mason Partners Variable Appreciation A Portfolio -- Class I Third Avenue Small Cap Value Legg Mason Partners Variable Equity Index Portfolio -- Class B Portfolio -- Class II METROPOLITAN SERIES FUND, INC. Legg Mason Partners Variable Fundamental BlackRock Aggressive Growth Value Portfolio -- Class I Portfolio -- Class D Legg Mason Partners Variable Investors BlackRock Bond Income Portfolio -- Class A Portfolio -- Class I BlackRock Money Market Portfolio -- Class A Legg Mason Partners Variable Large Cap Davis Venture Value Portfolio -- Class A Growth Portfolio -- Class I FI Large Cap Portfolio -- Class A Legg Mason Partners Variable Small Cap FI Value Leaders Portfolio -- Class D Growth Portfolio -- Class I MetLife Aggressive Allocation Legg Mason Partners Variable Social Portfolio -- Class B Awareness Portfolio MetLife Conservative Allocation LEGG MASON PARTNERS VARIABLE INCOME TRUST Portfolio -- Class B Legg Mason Partners Variable Adjustable MetLife Conservative to Moderate Allocation Rate Income Portfolio Portfolio -- Class B MET INVESTORS SERIES TRUST MetLife Moderate Allocation BlackRock High Yield Portfolio -- Class A Portfolio -- Class B BlackRock Large Cap Core Portfolio -- Class MetLife Moderate to Aggressive Allocation E Portfolio -- Class B Clarion Global Real Estate MFS(R) Total Return Portfolio -- Class F Portfolio -- Class A MFS(R) Value Portfolio -- Class A Dreman Small Cap Value Portfolio -- Class A Oppenheimer Global Equity Harris Oakmark International Portfolio -- Class B Portfolio -- Class A T. Rowe Price Small Cap Growth Janus Forty Portfolio -- Class A Portfolio -- Class B Lazard Mid Cap Portfolio -- Class B Western Asset Management U.S. Government Legg Mason Partners Managed Assets Portfolio -- Class A Portfolio -- Class A PIMCO VARIABLE INSURANCE TRUST -- ADMINISTRATIVE CLASS Total Return Portfolio VAN KAMPEN LIFE INVESTMENT TRUST -- CLASS II Comstock Portfolio
Certain Variable Funding Options have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds" for more information. The Contract, certain Contract features and/or some of the funding options may not be available in all states. This prospectus provides the information that you should know before investing in the Contract. Please keep this prospectus for future reference. You can receive additional information about your Contract by requesting a copy of the Statement of Additional Information ("SAI") dated April 28, 2008. We filed the SAI with the Securities and Exchange Commission ("SEC"), and it is incorporated by reference into this prospectus. To request a copy, write to us at P.O. Box 10366, Des Moines, IA 50306-0366, call 800-842-9368 or access the SEC's website (http://www.sec.gov). See Appendix D for the SAI's table of contents. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR THE ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. VARIABLE ANNUITY CONTRACTS ARE NOT DEPOSITS OF ANY BANK, AND ARE NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. TABLE OF CONTENTS
PAGE ---- GLOSSARY................................................................ 3 SUMMARY................................................................. 5 FEE TABLE............................................................... 9 CONDENSED FINANCIAL INFORMATION......................................... 13 THE ANNUITY CONTRACT.................................................... 13 Contract Owner Inquiries................................................ 14 Purchase Payments....................................................... 14 Accumulation Units...................................................... 15 The Variable Funding Options............................................ 15 CHARGES AND DEDUCTIONS.................................................. 21 General................................................................. 21 Transfer Charge......................................................... 22 Administrative Charges.................................................. 22 Mortality and Expense Risk Charge....................................... 23 Enhanced Stepped-Up Provision Charge.................................... 23 Guaranteed Minimum Withdrawal Benefit Charge............................ 23 Variable Funding Option Expenses........................................ 23 Premium Tax............................................................. 23 Changes in Taxes Based upon Premium or Value............................ 23 TRANSFERS............................................................... 23 Market Timing/Excessive Trading......................................... 24 Dollar Cost Averaging................................................... 26 ACCESS TO YOUR MONEY.................................................... 26 Systematic Withdrawals.................................................. 26 OWNERSHIP PROVISIONS.................................................... 27 Types of Ownership...................................................... 27 Contract Owner.......................................................... 27 Beneficiary............................................................. 27 Annuitant............................................................... 28 DEATH BENEFIT........................................................... 28 Death Proceeds before the Maturity Date................................. 28 Enhanced Stepped-Up Provision ("E.S.P.")................................ 30 Payment of Proceeds..................................................... 31 Spousal Contract Continuance (subject to availability--does not apply if a non-spouse is a joint owner)........................................ 33 Beneficiary Contract Continuance (not permitted for non-natural beneficiaries)........................................................ 33 Death Proceeds after the Maturity Date.................................. 34 LIVING BENEFITS......................................................... 34 Guaranteed Minimum Withdrawal Benefit ("GMWB" or "Principal Guarantee")........................................................... 34 THE ANNUITY PERIOD...................................................... 39 Maturity Date........................................................... 39 Allocation of Annuity................................................... 39 Variable Annuity........................................................ 40 Fixed Annuity........................................................... 40 PAYMENTS OPTIONS........................................................ 40 Election of Options..................................................... 40 Annuity Options......................................................... 41 Variable Liquidity Benefit.............................................. 41 MISCELLANEOUS CONTRACT PROVISIONS....................................... 41 Right to Return......................................................... 41 Termination............................................................. 42 Required Reports........................................................ 42 Suspension of Payments.................................................. 42 THE SEPARATE ACCOUNTS................................................... 42 Performance Information................................................. 43 FEDERAL TAX CONSIDERATIONS.............................................. 43 General Taxation of Annuities........................................... 44 Types of Contracts: Qualified and Non-qualified......................... 45 Qualified Annuity Contracts............................................. 45 Taxation of Qualified Annuity Contracts................................. 45 Mandatory Distributions for Qualified Plans............................. 45 Individual Retirement Annuities......................................... 46 Roth IRAs............................................................... 46 TSAs (ERISA and Non-ERISA).............................................. 47 Non-qualified Annuity Contracts......................................... 48 Diversification Requirements for Variable Annuities..................... 50 Ownership of the Investments............................................ 50 Taxation of Death Benefit Proceeds...................................... 50 Other Tax Considerations................................................ 50 Treatment of Charges for Optional Benefits.............................. 50 Guaranteed Minimum Withdrawal Benefits.................................. 50 Puerto Rico Tax Considerations.......................................... 51 Non-Resident Aliens..................................................... 51 Tax Credits and Deductions.............................................. 51 OTHER INFORMATION....................................................... 51 The Insurance Company................................................... 51 Financial Statements.................................................... 52 Distribution of Variable Annuity Contracts.............................. 52 Conformity with State and Federal Laws.................................. 54 Voting Rights........................................................... 54 Restrictions on Financial Transactions.................................. 54 Legal Proceedings....................................................... 54 APPENDIX A: CONDENSED FINANCIAL INFORMATION FOR METLIFE INSURANCE COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002.................. A-1 APPENDIX B: CONDENSED FINANCIAL INFORMATION FOR METLIFE LIFE AND ANNUITY COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002.................. B-1 APPENDIX C: ADDITIONAL INFORMATION REGARDING UNDERLYING FUNDS........... C-1 APPENDIX D: CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION......... D-1
2 GLOSSARY ACCUMULATION UNIT -- an accounting unit of measure used to calculate the value of this Contract before Annuity Payments begin. ANNUITANT -- the person on whose life the Maturity Date and Annuity Payments depend. ANNUITY PAYMENTS -- a series of periodic payments (a) for life; (b) for life with a minimum number of payments; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. ANNUITY UNIT -- an accounting unit of measure used to calculate the amount of Annuity Payments. CASH SURRENDER VALUE -- the Contract Value less any premium tax not previously deducted. CODE -- the Internal Revenue Code of 1986, as amended, and all related laws and regulations that are in effect during the term of this Contract. CONTINGENT ANNUITANT -- the individual who becomes the Annuitant when the Annuitant who is not the owner dies prior to the Maturity Date. CONTRACT DATE -- the date on which the Contract is issued. CONTRACT OWNER (YOU) -- the person named in the Contract (on the specifications page) as the owner of the Contract. CONTRACT VALUE -- Purchase Payments, plus or minus any investment experience on the amounts allocated to the variable funds, adjusted by applicable charges and withdrawals. CONTRACT YEARS -- twelve month periods beginning with the Contract Date. DEATH REPORT DATE -- the day on which we have received 1) Due Proof of Death and 2) written payment instructions or election of spousal or beneficiary contract continuation. DUE PROOF OF DEATH -- (i) a copy of a certified death certificate; (ii) a copy of a certified decree of a court of competent jurisdiction as to the finding of death; (iii) a written statement by a medical doctor who attended the deceased; or (iv) any other proof satisfactory to us. HOME OFFICE -- the Home Office of MetLife Insurance Company of Connecticut or any other office that we may designate for the purpose of administering this Contract. For transfer, withdrawal, surrender, and (if applicable) loan requests, our Home Office address is: MetLife, P.O. Box 10366, Des Moines, IA 50306-0366 (for overnight delivery or courier service only: 4700 Westown Parkway, Suite 200, West Des Moines, IA 50266). For Purchase Payments and (if applicable) loan repayments, our Home Office address is: MetLife, P.O. Box 371857, Pittsburgh, PA 15250-7857. MATURITY DATE -- the date on which the Annuity Payments are to begin. PAYMENT OPTION -- an annuity option elected under your Contract. PURCHASE PAYMENT -- any premium paid by you to initiate or supplement this Contract. QUALIFIED CONTRACT -- a contract used in a retirement plan or program that is intended to qualify under Sections 401, 403, 408, 408A or 414(d) of the Code. SEPARATE ACCOUNT -- a segregated account registered with the Securities and Exchange Commission ("SEC"), the assets of which are invested solely in the Underlying Funds. The assets of the Separate Account are held exclusively for the benefit of Contract Owners. SUBACCOUNT -- that portion of the assets of a Separate Account that is allocated to a particular Underlying Fund. UNDERLYING FUND A portfolio of an open-end management investment company that is registered with the Securities and Exchange Commission in which the Subaccounts invest. VALUATION DATE -- a date on which a Subaccount is valued. VALUATION PERIOD -- the period between successive valuations. 3 VARIABLE FUNDING OPTION -- a Subaccount of the Separate Account that invests in an Underlying Fund. WE, US, OUR -- MetLife Insurance Company of Connecticut. WRITTEN REQUEST -- written information sent to us in a form and content satisfactory to us and received at our Home Office. YOU, YOUR -- "You" is the Contract Owner and a natural person, a trust established for the benefit of a natural person or a charitable remainder trust. 4 SUMMARY: PORTFOLIO ARCHITECT ACCESS ANNUITY THIS SUMMARY DETAILS SOME OF THE MORE IMPORTANT POINTS THAT YOU SHOULD KNOW AND CONSIDER BEFORE PURCHASING THE CONTRACT. PLEASE READ THE ENTIRE PROSPECTUS CAREFULLY. WHAT COMPANY WILL ISSUE MY CONTRACT? Your issuing company is MetLife Insurance Company of Connecticut ("the Company," "We" or "Us"). The Company sponsors the MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and the MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. Prior to December 7, 2007, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 was sponsored by MetLife Life and Annuity Company of Connecticut ("MLACC"). On that date, MLACC merged with and into the Company, and the Company became the sponsor of MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. Immediately following the merger, the Company stopped issuing Contracts under MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 and now only issues Contracts under MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. The Contract and/or certain optional benefits may not currently be available for sale in all states. CAN YOU GIVE ME A GENERAL DESCRIPTION OF THE CONTRACT? We designed the Contract for retirement savings or other long-term investment purposes. The Contract provides a death benefit as well as guaranteed payout options. You direct your payment(s) to one or more of the Variable Funding Options. The Variable Funding Options fluctuate with the investment performance of the Underlying Funds and are not guaranteed. You can also lose money in the Variable Funding Options. The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase and the payout phase (annuity period). During the accumulation phase generally, under a Qualified Contract, your pre-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal, presumably when you are in a lower tax bracket. During the accumulation phase, under a Non-qualified Contract, earnings on your after- tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. The payout phase occurs when you begin receiving payments from your Contract. The amount of money you accumulate in your Contract determines the amount of income (Annuity Payments) you receive during the payout phase. During the payout phase, you may choose one of a number of annuity options. You may receive income payments in the form of a variable annuity, a fixed annuity, or a combination of both. If you elect variable income payments, the dollar amount of your payments may increase or decrease. Once you choose one of the annuity options and begin to receive payments, it cannot be changed. WHO CAN PURCHASE THIS CONTRACT? The Contract is available for use in connection with (1) individual non-qualified purchases; (2) rollovers from Individual Retirement Annuities (IRAs); (3) rollovers from other qualified retirement plans and (4) beneficiary-directed transfers of death proceeds from another contract. Qualified Contracts include contracts qualifying under Section 401(a), 403(b), 408(b) or 408A of the Code. Purchase of this Contract through a tax qualified retirement plan ("Plan") does not provide any additional tax deferral benefits beyond those provided by the Plan. Accordingly, if you are purchasing this Contract through a Plan, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. You may purchase the Contract with an initial payment of at least $15,000. You may make additional payments of at least $500 at any time during the accumulation phase. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death proceeds. If your Contract was issued as a Qualified Contract under Section 403(b) of the Code in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted) as significant adverse tax consequences may result from such additional payments. (See "Federal Tax Considerations.") The ages of the owner and Annuitant determine which death benefits and certain optional features are available to you. See "The Annuity Contract" section for more information. 5 CAN I EXCHANGE MY CURRENT ANNUITY CONTRACT FOR THIS CONTRACT? The Code generally permits you to exchange one annuity contract for another in a "tax-free exchange." Therefore, you can transfer the proceeds from another annuity contract to purchase this Contract. Before making an exchange to acquire this Contract, you should carefully compare this Contract to your current contract. You may have to pay a surrender charge under your current contract to exchange it for this Contract. The other fees and charges under this Contract may be higher or lower and the benefits may be different than those of your current contract. In addition, you may have to pay federal income or penalty taxes on the exchange if it does not qualify for tax-free treatment. You should not exchange another contract for this Contract unless you determine, after evaluating all the facts, the exchange is in your best interests. Remember that the person selling you the Contract generally will earn a commission on the sale. IS THERE A RIGHT TO RETURN PERIOD? If you cancel the Contract within ten days after you receive it, you will receive a full refund of your Contract Value plus any Contract charges and premium taxes you paid (but not fees and charges assessed by the Underlying Funds). Where state law requires a different right to return period, or the return of Purchase Payments, the Company will comply. You bear the investment risk on the Purchase Payment allocated to a Variable Funding Option during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. If you purchased your Contract as an Individual Retirement Annuity, and you return it within the first seven days after delivery, or longer if your state law permits, we will refund your full Purchase Payment. During the remainder of the right to return period, we will refund your Contract Value (including charges we assessed). We will determine your Contract Value at the close of business (generally, 4:00 p.m., Eastern Time) on the day we receive a Written Request for a refund. CAN YOU GIVE A GENERAL DESCRIPTION OF THE VARIABLE FUNDING OPTIONS AND HOW THEY OPERATE? The Variable Funding Options represent Subaccounts of the Separate Account. At your direction, the Separate Account, through its Subaccounts, uses your Purchase Payments to purchase shares of one or more of the Underlying Funds that holds securities consistent with its own investment policy. Depending on market conditions, you may make or lose money in any of these Variable Funding Options. You can transfer among the Variable Funding Options as frequently as you wish without any current tax implications. Currently there is no charge for transfers, nor a limit to the number of transfers allowed. We may, in the future, charge a fee for any transfer request, or limit the number of transfers allowed. At a minimum, we would always allow one transfer every six months. We reserve the right to restrict transfers that we determine will disadvantage other Contract Owners. WHAT EXPENSES WILL BE ASSESSED UNDER THE CONTRACT? The Contract has insurance features and investment features, and there are costs related to each. We deduct an administrative expense charge and a mortality and expense risk ("M&E") charge each business day from amounts you allocate to the Separate Account. We deduct the administrative expense charge at an annual rate of 0.15%. We deduct the M&E charge at an annual rate of 1.55% for the Standard Death Benefit, and 1.75% for the Enhanced Death Benefit. For Contracts with a value of less than $40,000, we also deduct an annual contract administrative charge of $30. Each Underlying Fund also charges for management costs and other expenses. If you select the Enhanced Stepped-Up Provision ("E.S.P."), an additional 0.20% annually will be deducted each business day from amounts in the Variable Funding Options. THIS PROVISION IS NOT AVAILABLE WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. If you elect a Guaranteed Minimum Withdrawal Benefit ("GMWB") rider, a charge will be deducted each business day from amounts in the Variable Funding Options. There are three GMWB rider options, and the current charge for each rider, on an annual basis, is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. HOW WILL MY PURCHASE PAYMENTS AND WITHDRAWALS BE TAXED? Generally, the payments you make to a Qualified Contract during the accumulation phase are made with before-tax dollars. Generally, you will be taxed on your Purchase Payments and on any earnings when you make a withdrawal or begin receiving Annuity Payments. Under a Non-qualified Contract, payments to the Contract are made with after-tax dollars, and earnings will generally accumulate tax-deferred. You will be taxed on these earnings when they are withdrawn from the Contract. If you are 6 younger than 59 1/2 when you take money out, you may be charged a 10% federal penalty tax on the amount withdrawn. For owners of Qualified Contracts, if you reach a certain age, you may be required by federal tax laws to begin receiving payments from your annuity or risk paying a penalty tax. In those cases, we can calculate and pay you the minimum required distribution amounts (see "Access to Your Money -- Systematic Withdrawals"). HOW MAY I ACCESS MY MONEY? You can take withdrawals any time during the accumulation phase. Income taxes and/or a penalty tax may apply to taxable amounts withdrawn. WHAT IS THE DEATH BENEFIT UNDER THE CONTRACT? The death benefit applies upon the first death of the Contract Owner, joint owner, or Annuitant. Assuming you are the Annuitant, the death benefit is as follows: If you die before the Contract is in the payout phase, the person you have chosen as your beneficiary will receive a death benefit. We calculate the death benefit value at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or the election of spousal or beneficiary contract continuance. Please refer to the Death Benefit section in the Prospectus for more details. WHERE MAY I FIND OUT MORE ABOUT ACCUMULATION UNIT VALUES? The Condensed Financial Information in Appendix A or Appendix B to this prospectus provides more information about Accumulation Unit values. ARE THERE ANY ADDITIONAL FEATURES? This Contract has other features you may be interested in. These include: - DOLLAR COST AVERAGING. This is a program that allows you to invest a fixed amount of money in Variable Funding Options each month, theoretically giving you a lower average cost per unit over time than a single one-time purchase. Dollar Cost Averaging requires regular investments regardless of fluctuating price levels, and does not guarantee profits or prevent losses in a declining market. Potential investors should consider their financial ability to continue purchases through periods of low price levels. - SYSTEMATIC WITHDRAWAL OPTION. Before the Maturity Date, you can arrange to have money sent to you at set intervals throughout the year. Of course, any applicable income and penalty taxes will apply on amounts withdrawn. - AUTOMATIC REBALANCING. You may elect to have the Company periodically reallocate the values in your Contract to match the rebalancing allocation selected. - MANAGED DISTRIBUTION PROGRAM. This program allows us to automatically calculate and distribute to you, in November of the applicable tax year, an amount that will satisfy the Internal Revenue Service's minimum distribution requirements imposed on certain contracts once the owner reaches age 70 1/2 or retires. These minimum distributions occur during the accumulation phase. - ENHANCED STEPPED-UP PROVISION ("E.S.P."). For an additional charge, the total death benefit payable may be increased based on the earnings in your Contract. - SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY). If your spouse is named as an owner and/or beneficiary, and you die prior to the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. This feature applies to a spousal joint Contract Owner and/or beneficiary only. - BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES). If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the date of your death, that beneficiary may elect to continue his/her portion of the Contract and take required distributions over time, rather than have the death benefit paid to the beneficiary in a lump sum. - GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "PRINCIPAL GUARANTEE"). For an additional charge, we will guarantee the periodic return of your investment. Under this benefit, we will pay you a percentage of your investment every year until your investment has been returned in full, regardless of market performance. Depending on when you elect to begin receiving payments and which GMWB rider you select, the maximum amount of your investment that you receive each year is 5% or 10%. When you add Purchase Payments to your Contract, we include them as part of the guarantee. In the future, 7 however, we may discontinue including additional Purchase Payments as part of the guarantee. The guarantee is subject to restrictions on withdrawals and other restrictions. 8 FEE TABLE - -------------------------------------------------------------------------------- The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer Contract Value between Variable Funding Options. Expenses shown do not include premium taxes, which may be applicable. CONTRACT OWNER TRANSACTION EXPENSES TRANSFER CHARGE......................................... $10(1) (assessed on transfers that exceed 12 per year)
The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including Underlying Fund fees and expenses. CONTRACT ADMINISTRATIVE CHARGES ANNUAL CONTRACT ADMINISTRATIVE CHARGE................... $30(2)
- --------- (1) We do not currently assess the transfer charge. (2) We do not assess this charge if Contract Value is $40,000 or more on the fourth Friday of each August. ANNUAL SEPARATE ACCOUNT CHARGES: (as a percentage of the average daily net assets of the Separate Account) We will assess a minimum mortality and expense risk charge ("M&E") of 1.55% and a maximum administrative expense charge of 0.15% on all contracts. In addition, for optional features there is a 0.20% charge for E.S.P., a 0.40% current charge (maximum of 1.00% upon reset) for GMWB I, a 0.50% current charge (maximum of 1.00% upon reset) for GMWB II, and a 0.25% charge for GMWB III. Below is a summary of all charges that may apply, depending on the death benefit and optional features you select:
STANDARD DEATH ENHANCED DEATH BENEFIT BENEFIT -------------- -------------- Mortality and Expense Risk Charge.............................. 1.55%(3) 1.75%(3) Administrative Expense Charge.................................. 0.15% 0.15% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH NO OPTIONAL FEATURES SELECTED..................................................... 1.70% 1.90% Optional E.S.P. Charge......................................... 0.20% 0.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. ONLY SELECTED..................................................... 1.90% 2.10% Optional GMWB I Charge (maximum upon reset).................... 1.00%(4) 1.00%(4) Optional GMWB II Charge (maximum upon reset)................... 1.00%(4) 1.00%(4) Optional GMWB III Charge....................................... 0.25% 0.25% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB I ONLY SELECTED..................................................... 2.70% 2.90% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB II ONLY SELECTED..................................................... 2.70% 2.90% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB III ONLY SELECTED..................................................... 1.95% 2.15% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB I SELECTED..................................................... 2.90% 3.10% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB II SELECTED..................................................... 2.90% 3.10% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB III SELECTED..................................................... 2.15% 2.35%
(3) We are waiving the following amounts of the Mortality and Expense Risk charge on these Subaccounts: 0.15% for the Subaccount investing in the Western Asset Management U.S. Government Portfolio, 0.11% for the Subaccount investing in the BlackRock High Yield Portfolio, an amount equal to the underlying fund expenses that are in excess of 0.90% for the Subaccount investing in the Harris Oakmark International Portfolio, an amount equal to the underlying fund expenses that are in excess of 0.65% for the Subaccount investing in the PIMCO Inflation Protected Bond Portfolio, an amount equal to the underlying fund expenses that are in excess of 1.10% for the Subaccount investing in the Third Avenue Small Cap Value Portfolio, an amount equal to the underlying fund expenses that are in excess of 1.18% for the Subaccount investing in the MFS(R) Research International Portfolio, an amount equal to the underlying fund expenses that are in excess of 1.12% for the Subaccount investing in the Lord Abbett Mid-Cap Value Portfolio, an amount equal to the underlying fund expenses that are in excess of 9 0.87% for the Subaccount investing in the Lord Abbett Growth and Income Portfolio, an amount equal to the underlying fund expenses that are in excess of 0.84% for the Subaccount investing in the T.Rowe Price Small Cap Growth Portfolio, and an amount equal to the underlying fund expenses that are in excess of 0.90% for the Subaccount investing in the Oppenheimer Global Equity Portfolio. (4) The current charges for the available GMWB riders with a reset feature (see "Access to Your Money -- Guaranteed Minimum Withdrawal Benefit") are 0.40% for GMWB I and 0.50% for GMWB II. UNDERLYING FUND EXPENSES AS OF DECEMBER 31, 2007 (UNLESS OTHERWISE INDICATED): The first table below shows the range (minimum and maximum) of the total annual operating expenses charged by all of the Underlying Funds, before any voluntary or contractual fee waivers and/or expense reimbursements. The second table shows each Underlying Fund's management fee, distribution and/or service (12b-1) fees if applicable, and other expenses. The Underlying Funds provided this information and we have not independently verified it. More detail concerning each Underlying Fund's fees and expenses is contained in the prospectus for each Underlying Fund. Current prospectuses for the Underlying Funds can be obtained by calling 800-842-9368. MINIMUM AND MAXIMUM TOTAL ANNUAL UNDERLYING FUND OPERATING EXPENSES
MINIMUM MAXIMUM ------- ------- TOTAL ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Underlying Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses) 0.40% 1.52%
UNDERLYING FUND FEES AND EXPENSES (as a percentage of average daily net assets)
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- AMERICAN FUNDS INSURANCE SERIES(R) -- CLASS 2 American Funds Global Growth Fund........................ 0.53% 0.25% 0.02% -- 0.80% -- 0.80% American Funds Growth Fund..... 0.32% 0.25% 0.01% -- 0.58% -- 0.58% American Funds Growth-Income Fund........................ 0.26% 0.25% 0.01% -- 0.52% -- 0.52% FIDELITY(R) VARIABLE INSURANCE PRODUCTS -- SERVICE CLASS 2 Contrafund(R) Portfolio........ 0.56% 0.25% 0.09% -- 0.90% -- 0.90% Dynamic Capital Appreciation Portfolio+.................. 0.56% 0.25% 0.23% -- 1.04% -- 1.04% Mid Cap Portfolio.............. 0.56% 0.25% 0.10% -- 0.91% -- 0.91% FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST -- CLASS 2 Templeton Foreign Securities Fund........................ 0.63% 0.25% 0.14% 0.02% 1.04% 0.02% 1.02%(1) JANUS ASPEN SERIES -- SERVICE SHARES Global Life Sciences Portfolio+.................. 0.64% 0.25% 0.45% -- 1.34% -- 1.34% Global Technology Portfolio.... 0.64% 0.25% 0.18% 0.01% 1.08% -- 1.08% LEGG MASON PARTNERS VARIABLE EQUITY TRUST Legg Mason Partners Variable Aggressive Growth Portfolio -- Class I++...... 0.75% -- 0.07% -- 0.82% -- 0.82%(2) Legg Mason Partners Variable Appreciation Portfolio -- Class I........ 0.69% -- 0.11% 0.01% 0.81% -- 0.81%(2) Legg Mason Partners Variable Equity Index Portfolio -- Class II....... 0.31% 0.25% 0.08% -- 0.64% -- 0.64%(2) Legg Mason Partners Variable Fundamental Value Portfolio -- Class I........ 0.75% -- 0.08% -- 0.83% -- 0.83%(2) Legg Mason Partners Variable Investors Portfolio -- Class I........................... 0.62% -- 0.14% -- 0.76% -- 0.76%(2) Legg Mason Partners Variable Large Cap Growth Portfolio -- Class I++...... 0.75% -- 0.15% -- 0.90% -- 0.90%(3)
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DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- Legg Mason Partners Variable Small Cap Growth Portfolio -- Class I........ 0.75% -- 0.35% -- 1.10% -- 1.10%(2) Legg Mason Partners Variable Social Awareness Portfolio++................. 0.67% -- 0.38% -- 1.05% -- 1.05%(2) LEGG MASON PARTNERS VARIABLE INCOME TRUST Legg Mason Partners Variable Adjustable Rate Income Portfolio++................. 0.55% 0.25% 0.60% -- 1.40% -- 1.40%(2) MET INVESTORS SERIES TRUST BlackRock High Yield Portfolio -- Class A........ 0.60% -- 0.13% -- 0.73% -- 0.73% BlackRock Large Cap Core Portfolio -- Class E........ 0.58% 0.15% 0.06% -- 0.79% -- 0.79% Clarion Global Real Estate Portfolio -- Class A........ 0.61% -- 0.04% -- 0.65% -- 0.65% Dreman Small Cap Value Portfolio -- Class A........ 0.79% -- 0.13% -- 0.92% -- 0.92%(4) Harris Oakmark International Portfolio -- Class A........ 0.77% -- 0.09% -- 0.86% -- 0.86% Janus Forty Portfolio -- Class A........................... 0.65% -- 0.05% -- 0.70% -- 0.70% Lazard Mid Cap Portfolio -- Class A++...... 0.69% -- 0.07% -- 0.76% -- 0.76% Lazard Mid Cap Portfolio -- Class B........ 0.69% 0.25% 0.06% -- 1.00% -- 1.00% Legg Mason Partners Managed Assets Portfolio -- Class A........................... 0.50% -- 0.12% -- 0.62% -- 0.62% Lord Abbett Bond Debenture Portfolio -- Class A........ 0.49% -- 0.05% -- 0.54% -- 0.54% Lord Abbett Growth and Income Portfolio -- Class B........ 0.49% 0.25% 0.03% -- 0.77% -- 0.77% Lord Abbett Mid Cap Value Portfolio -- Class B........ 0.67% 0.25% 0.09% -- 1.01% -- 1.01% Met/AIM Capital Appreciation Portfolio -- Class A........ 0.76% -- 0.10% -- 0.86% -- 0.86% Met/AIM Small Cap Growth Portfolio -- Class A........ 0.86% -- 0.06% -- 0.92% -- 0.92% MFS(R) Emerging Markets Equity Portfolio -- Class B........ 1.00% 0.25% 0.27% -- 1.52% -- 1.52% MFS(R) Research International Portfolio -- Class B+....... 0.70% 0.25% 0.09% -- 1.04% -- 1.04% PIMCO Inflation Protected Bond Portfolio -- Class A........ 0.50% -- 0.05% -- 0.55% -- 0.55% Pioneer Fund Portfolio -- Class A........................... 0.75% -- 0.23% -- 0.98% -- 0.98%(5) Pioneer Strategic Income Portfolio -- Class A........ 0.60% -- 0.09% -- 0.69% -- 0.69%(4) Third Avenue Small Cap Value Portfolio -- Class B........ 0.73% 0.25% 0.03% -- 1.01% -- 1.01% METROPOLITAN SERIES FUND, INC. BlackRock Aggressive Growth Portfolio -- Class D........ 0.71% 0.10% 0.05% -- 0.86% -- 0.86% BlackRock Bond Income Portfolio -- Class A........ 0.38% -- 0.06% -- 0.44% 0.01% 0.43%(6) BlackRock Money Market Portfolio -- Class A........ 0.33% -- 0.07% -- 0.40% 0.01% 0.39%(7) Davis Venture Value Portfolio -- Class A........ 0.69% -- 0.04% -- 0.73% -- 0.73% FI Large Cap Portfolio -- Class A........................... 0.77% -- 0.07% -- 0.84% -- 0.84% FI Value Leaders Portfolio -- Class D........ 0.64% 0.10% 0.07% -- 0.81% -- 0.81% MetLife Aggressive Allocation Portfolio -- Class B........ 0.10% 0.25% 0.04% 0.73% 1.12% 0.04% 1.08%(8)
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DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- MetLife Conservative Allocation Portfolio -- Class B........ 0.10% 0.25% 0.05% 0.59% 0.99% 0.05% 0.94%(8) MetLife Conservative to Moderate Allocation Portfolio -- Class B........ 0.10% 0.25% 0.01% 0.64% 1.00% 0.01% 0.99%(8) MetLife Moderate Allocation Portfolio -- Class B........ 0.08% 0.25% 0.01% 0.67% 1.01% -- 1.01%(8) MetLife Moderate to Aggressive Allocation Portfolio -- Class B........ 0.08% 0.25% 0.01% 0.70% 1.04% -- 1.04%(8) MFS(R) Total Return Portfolio -- Class F........ 0.53% 0.20% 0.05% -- 0.78% -- 0.78% MFS(R) Value Portfolio -- Class A........................... 0.72% -- 0.05% -- 0.77% 0.07% 0.70%(9) Oppenheimer Global Equity Portfolio -- Class B........ 0.51% 0.25% 0.10% -- 0.86% -- 0.86% T. Rowe Price Large Cap Growth Portfolio -- Class B+....... 0.60% 0.25% 0.07% -- 0.92% -- 0.92% T. Rowe Price Small Cap Growth Portfolio -- Class B........ 0.51% 0.25% 0.08% -- 0.84% -- 0.84% Western Asset Management U.S. Government Portfolio -- Class A........ 0.49% -- 0.05% -- 0.54% -- 0.54% PIMCO VARIABLE INSURANCE TRUST -- ADMINISTRATIVE CLASS Total Return Portfolio......... 0.25% -- 0.58% -- 0.83% -- 0.83% VAN KAMPEN LIFE INVESTMENT TRUST -- CLASS II Comstock Portfolio............. 0.56% 0.25% 0.03% -- 0.84% -- 0.84% Enterprise Portfolio+.......... 0.50% 0.25% 0.17% -- 0.92% -- 0.92%
- --------- * Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by a portfolio as a result of investing in shares of one or more underlying portfolios. ** Net Total Annual Operating Expenses do not reflect: (1) voluntary waivers of fees or expenses; (2) contractual waivers that are in effect for less than one year from the date of this Prospectus; or (3) expense reductions resulting from custodial fee credits or directed brokerage arrangements. + Not available under all Contracts. Availability depends on Contract issue date. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. ++ Fees and expenses of this Portfolio are based on the Portfolio's fiscal year ended October 31, 2007. (1) The manager has agreed in advance to reduce its fee from assets invested by the Fund in a Franklin Templeton money market fund (the Sweep Money Fund which is the "acquired fund" in this case) to the extent of the Fund's fees and expenses of the acquired fund. This reduction is required by the Trust's board of trustees and an exemptive order by the Securities and Exchange Commission; this arrangement will continue as long as the exemptive order is relied upon. (2) Other Expenses have been revised to reflect the estimated effect of additional prospectus and shareholder report printing and mailing expenses expected to be incurred by the fund going forward. (3) Other Expenses have been revised to reflect the estimated effect of additional prospectus and shareholder report printing and mailing expenses expected to be incurred by the fund going forward. Due to contractual waivers and/or reimbursements in place through March 1, 2009, the Portfolio's actual total net operating expenses, excluding brokerage, taxes, interest and extraordinary expenses, are not expected to exceed 0.78% prior to that date. (4) The Management Fee has been restated to reflect an amended management fee agreement, as if the agreement had been in effect during the preceding fiscal year. (5) Other Expenses have been Restated to reflect change in Transfer Agent fee schedule as if fees had been in effect during the previous fiscal year. (6) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.325% for the amounts over $1 billion but less than $2 billion. (7) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.345% for the first $500 million of the Portfolio's average daily net assets and 0.335% for the next $500 million. (8) The Portfolio is a "fund of funds" that invests substantially all of its assets in other portfolios of the Metropolitan Series Fund, Inc. and the Met Investors Series Trust. Because the Portfolio invests in other underlying portfolios, the Portfolio will bear its pro rata portion of the operating expenses of the underlying portfolios in which it invests, including the management fee. MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to waive fees or pay all expenses (other than acquired fund fees and expenses, brokerage costs, taxes, interest and any extraordinary expenses) so as to limit the net operating expenses of the Portfolio (other 12 than acquired fund fees and expenses, brokerage costs, taxes, interest and any extraordinary expenses) to 0.10% for the Class A shares, 0.35% for the Class B shares and 0.25% for the Class E shares. (9) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.65% for the first $1.25 billion of the Portfolio's average daily net assets, 0.60% for the next $250 million and 0.50% for amounts over $1.5 billion. EXAMPLE This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Contract Owner transaction expenses, contract fees, separate account annual expenses, and Underlying Fund total annual operating expenses. This example does not represent past or future expenses. Your actual expenses may be more or less than those shown. The example assumes that you invest $10,000 in the Contract for the time periods indicated and that your investment has a 5% return each year. The example reflects the annual contract administrative charge, factoring in that the charge is waived for contracts over a certain value. Additionally, the example is based on the minimum and maximum Underlying Fund total annual operating expenses shown above, and does not reflect any Underlying Fund fee waivers and/or expense reimbursements. The example assumes you have allocated all of your Contract Value to either the Underlying Fund with the maximum total annual operating expenses or the Underlying Fund with the minimum total annual operating expenses. EXAMPLE --This example assumes that you have elected the most expensive death benefit option, the E.S.P. optional death benefit and a Guaranteed Minimum Withdrawal Benefit (assuming the maximum charge of 1.00% applies in all Contract Years).
IF CONTRACT IS NOT SURRENDERED OR IF CONTRACT IS SURRENDERED AT ANNUITIZED AT THE END OF PERIOD THE END OF PERIOD SHOWN SHOWN ---------------------------------------------- ---------------------------------------------- FUNDING OPTION 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Underlying Fund with Maximum Total Annual Operating Expenses......... $467 $1,404 $2,344 $4,712 $467 $1,404 $2,344 $4,712 Underlying Fund with Minimum Total Annual Operating Expenses......... $356 $1,078 $1,815 $3,727 $356 $1,078 $1,815 $3,727
CONDENSED FINANCIAL INFORMATION - -------------------------------------------------------------------------------- See Appendices A and B. THE ANNUITY CONTRACT - -------------------------------------------------------------------------------- Portfolio Architect Access Annuity is a contract between the Contract Owner ("you") and the Company. This is the prospectus -- it is not the Contract. The prospectus highlights many Contract provisions to focus your attention on the Contract's essential features. Your rights and obligations under the Contract will be determined by the language of the Contract itself. When you receive your Contract, we suggest you read it promptly and carefully. There may be differences in your Contract from the descriptions in this prospectus because of the requirements of the state where we issued your Contract. We will include any such differences in your Contract. The Company offers several different annuities that your investment professional may be authorized to offer to you. Each annuity offers different features and benefits that may be appropriate for you. In particular, the annuities differ based on variations in the standard and optional death benefit protection provided for your beneficiaries, the availability of optional living benefits, the ability to access your Contract Value if necessary and the charges that you will be subject to if you make a withdrawal or surrender the annuity. The separate account charges and other charges may be different between each annuity we offer. Optional death benefits and living benefits are subject to a separate charge for the additional protections they offer to you and your beneficiaries. Furthermore, annuities that offer greater 13 flexibility to access your Contract Value generally are subject to higher separate account charges than annuities that deduct charges if you make a withdrawal or surrender. We encourage you to evaluate the fees, expenses, benefits and features of this annuity against those of other investment products, including other annuity products offered by us and other insurance companies. Before purchasing this or any other investment product you should consider whether the product you purchase is consistent with your risk tolerance, investment objectives, investment time horizon, financial and tax situation, liquidity needs and how you intend to use the annuity. You make Purchase Payments to us and we credit them to your Contract. We promise to pay you an income, in the form of Annuity Payments, beginning on a future date that you choose, the Maturity Date. The Purchase Payments accumulate tax- deferred in the funding options of your choice. We offer multiple Variable Funding Options. The Contract Owner assumes the risk of gain or loss according to the performance of the Variable Funding Options. The Contract Value is the amount of Purchase Payments, plus or minus any investment experience on the amounts you allocate to the Separate Account. The Contract Value also reflects all withdrawals made and charges deducted. There is generally no guarantee that at the Maturity Date the Contract Value will equal or exceed the total Purchase Payments made under the Contract. The date the Contract and its benefits become effective is referred to as the Contract Date. Each 12-month period following the Contract Date is called a Contract Year. Certain changes and elections must be made in writing to the Company. Where the term "Written Request" is used, it means that you must send written information to our Home Office in a form and content satisfactory to us. The Contract is available for purchase to owners and Annuitants age 80 or under as of the Contract Date. The ages of the owner and Annuitant determine which death benefits and certain optional features are available to you.
MAXIMUM AGE BASED ON THE OLDER OF THE OWNER AND DEATH BENEFIT/OPTIONAL FEATURE ANNUITANT ON THE CONTRACT/RIDER DATE - ------------------------------------------------------ ----------------------------------------------- Standard Death Benefit 80 Enhanced Death Benefit 75 Enhanced Stepped-Up Provision (E.S.P) 75
Since optional death benefits carry higher charges, you should consider the ages of the owner and Annuitant when electing these benefits, as the additional value provided by the benefit may be significantly reduced or eliminated depending on the ages of the owner and Annuitant at the time of election. Purchase of this Contract through a tax qualified retirement plan or IRA does not provide any additional tax deferral benefits beyond those provided by the plan or the IRA. Accordingly, if you are purchasing this Contract through a plan or IRA, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. You should consult with your tax adviser to determine if this Contract is appropriate for you. CONTRACT OWNER INQUIRIES Any questions you have about your Contract should be directed to our Home Office at 800-842-9368. PURCHASE PAYMENTS Your initial Purchase Payment is due and payable before the Contract becomes effective. The initial Purchase Payment must be at least $15,000. You may make additional payments of at least $500 at any time. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death benefit proceeds. Under certain circumstances, we may waive the minimum Purchase Payment requirement. Purchase Payments over $1,000,000 may be made only with our prior consent. Purchase Payments may be made at any time while the Annuitant is alive and before the date Annuity Payments begin. We accept Purchase Payments made by check or cashier's check. We do not accept cash, money orders or traveler's checks. We reserve the right to refuse Purchase Payments made via a personal check in excess of $100,000. Purchase Payments over $100,000 may be accepted in other forms, including but not limited to, EFT/wire transfers, certified checks, corporate checks, and checks written on financial institutions. The form in which we receive a 14 Purchase Payment may determine how soon subsequent disbursement requests may be fulfilled. (See "Access To Your Money.") We will apply the initial Purchase Payment less any applicable premium tax within two business days after we receive it at our Home Office with a properly completed application or order request. If your request or other information accompanying the initial Purchase Payment is incomplete when received, we will hold the Purchase Payment for up to five business days. If we cannot obtain the necessary information within five business days, we will return the Purchase Payment in full, unless you specifically consent for us to keep it until you provide the necessary information. We will credit any subsequent Purchase Payment to a Contract on the same business day we receive it, if it is received in good order by our Home Office by 4:00 p.m. Eastern time. A business day is any day that the New York Stock Exchange is open for regular trading (except when trading is restricted due to an emergency as defined by the Securities and Exchange Commission). IF YOU SEND YOUR PURCHASE PAYMENTS OR TRANSACTION REQUESTS TO AN ADDRESS OTHER THAN THE ONE WE HAVE DESIGNATED FOR RECEIPT OF SUCH PURCHASE PAYMENTS OR REQUESTS, WE MAY RETURN THE PURCHASE PAYMENT TO YOU, OR THERE MAY BE A DELAY IN APPLYING THE PURCHASE PAYMENT OR TRANSACTION TO YOUR CONTRACT. QUALIFIED CONTRACTS UNDER SECTION 403(B). If your Contract was issued as a Qualified Contract under Section 403(b) of the Code (also called a "tax sheltered annuity" or "TSA") in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments. Such additional payments may have significant adverse tax consequences. (See "Federal Tax Consequences.") ACCUMULATION UNITS The period between the Contract Date and the Maturity Date is the accumulation period. During the accumulation period, an Accumulation Unit is used to calculate the value of a Contract. Each Variable Funding Option has a corresponding Accumulation Unit value. The Accumulation Units are valued each business day and their values may increase or decrease from day to day. The daily change in value of an Accumulation Unit each day is based on the investment performance of the corresponding Underlying Fund, and the deduction of separate account charges shown in the Fee Table in this prospectus. The number of Accumulation Units we will credit to your Contract once we receive a Purchase Payment or transfer request (or, liquidate for a withdrawal request) is determined by dividing the amount directed to each Variable Funding Option (or, taken from each Variable Funding Option) by the value of its Accumulation Unit. Normally, we calculate the value of an Accumulation Unit for each Variable Funding Option as of the close of regular trading (generally 4:00 p.m. Eastern time) each day the New York Stock Exchange is open. After the value is calculated, we credit your Contract. During the annuity period (i.e., after the Maturity Date), you are credited with Annuity Units. THE VARIABLE FUNDING OPTIONS You choose the Variable Funding Options to which you allocate your Purchase Payments. From time to time we may make new Variable Funding Options available. These Variable Funding Options are Subaccounts of the Separate Account. The Subaccounts invest in the Underlying Funds. You are not investing directly in the Underlying Fund. Each Underlying Fund is a portfolio of an open-end management investment company that is registered with the SEC under the Investment Company Act of 1940. These Underlying Funds are not publicly traded and are only offered through variable annuity contracts, variable life insurance policies, and in some instances, certain retirement plans. They are not the same as the retail mutual funds offered outside of a variable annuity or variable life insurance product, although the investment practices and fund names may be similar and the portfolio managers may be identical. Accordingly, the performance of the retail mutual fund is likely to be different from that of the Underlying Fund. We select the Underlying Funds offered through this Contract based on a number of criteria, including asset class coverage, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor we consider during the selection process is whether the Underlying Fund's adviser or subadviser is one of our affiliates or whether the Underlying Fund, its adviser, its subadviser(s), or an affiliate will make payments to us or our affiliates. In this regard, the profit distributions we receive from our affiliated investment advisers are a component of the total revenue that we 15 consider in configuring the features and investment choices available in the variable insurance products that we and our affiliated insurance companies issue. Since we and our affiliated insurance companies may benefit more from the allocation of assets to portfolios advised by our affiliates than those that are not, we may be more inclined to offer portfolios advised by our affiliates in the variable insurance products we issue. For additional information on these arrangements, see "Payments We Receive." We review the Underlying Funds periodically and may remove an Underlying Fund or limit its availability to new Purchase Payments and/or transfers of Contract Value if we determine that the Underlying Fund no longer meets one or more of the selection criteria, and/or if the Underlying Fund has not attracted significant allocations from Contract Owners. In some cases, we have included Underlying Funds based on recommendations made by broker-dealer firms. These broker-dealer firms may receive payments from the Underlying Funds they recommend and may benefit accordingly from the allocation of Contract Value to such Underlying Funds. When the Company develops a variable product in cooperation with a fund family or distributor (e.g. a "private label" product) the Company will generally include Underlying Funds based on recommendations made by the fund family or distributor, whose selection criteria may differ from the Company's selection criteria. WE DO NOT PROVIDE ANY INVESTMENT ADVICE AND DO NOT RECOMMEND OR ENDORSE ANY PARTICULAR UNDERLYING FUND. YOU BEAR THE RISK OF ANY DECLINE IN YOUR CONTRACT VALUE RESULTING FROM THE PERFORMANCE OF THE UNDERLYING FUNDS YOU HAVE CHOSEN. If investment in the Underlying Funds or a particular Underlying Fund is no longer possible, in our judgment becomes inappropriate for purposes of the Contract, or for any other reason in our sole discretion, we may substitute another Underlying Fund or Underlying Funds without your consent. The substituted Underlying Fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future Purchase Payments, or both. However, we will not make such substitution without any necessary approval of the Securities and Exchange Commission and applicable state insurance departments. Furthermore, we may close Underlying Funds to allocations of Purchase Payments or Contract Value, or both, at any time in our sole discretion. In certain circumstances, the Company's ability to remove or replace an Underlying Fund may be limited by the terms of a five-year agreement between MetLife, Inc. (MetLife) and Legg Mason, Inc. (Legg Mason) relating to the use of certain Underlying Funds advised by Legg Mason affiliates. The agreement sets forth the conditions under which the Company can remove an Underlying Fund, which, in some cases, may differ from the Company's own selection criteria. In addition, during the term of the agreement, subject to the Company's fiduciary and other legal duties, the Company is generally obligated in the first instance to consider Underlying Funds advised by Legg Mason affiliates in seeking to make a substitution for an Underlying Fund advised by a Legg Mason affiliate. The agreement was originally entered into on July 1, 2005 by MetLife and certain affiliates of Citigroup Inc. (Citigroup) as part of MetLife's acquisition of The Travelers Insurance Company and The Travelers Life and Annuity Company (both of which are now MetLife Insurance Company of Connecticut) from Citigroup. Legg Mason replaced the Citigroup affiliates as a party to the agreement when Citigroup sold its asset management business to Legg Mason. The agreement also obligates Legg Mason to continue making payments to the Company with respect to Underlying Funds advised by Legg Mason affiliates, on the same terms provided for in administrative services agreements between Citigroup's asset management affiliates and the Travelers insurance companies that predate the acquisition. PAYMENTS WE RECEIVE. As described above, an investment adviser (other than our affiliates MetLife Advisers, LLC, and Met Investors Advisory LLC) or subadviser of an Underlying Fund, or its affiliates, may make payments to the Company and/or certain of its affiliates. These payments may be used for a variety of purposes, including payment of expenses for certain administrative, marketing and support services with respect to the Contracts, and, in the Company's role as an intermediary, with respect to the Underlying Funds. The Company and its affiliates may profit from these payments. These payments may be derived, in whole or in part, from the advisory fee deducted from Underlying Fund assets. Contract Owners, through their indirect investment in the Underlying Funds, bear the costs of these advisory fees (see the Underlying Funds' prospectuses for more information). The amount of the payments we receive is based on a percentage of assets of the Underlying Funds attributable to the Contracts and certain other variable insurance products that the Company and its affiliates issue. These percentages differ and some advisers or subadvisers (or other affiliates) may pay the Company more than others. These percentages currently range up to 0.50%. Additionally, an investment adviser or subadviser of an Underlying Fund or its affiliates may provide the Company with wholesaling services that assist in the distribution of the Contracts and may pay the Company and/or certain of its affiliates amounts to participate in sales meetings. These amounts may be significant and may provide the adviser or subadviser (or their affiliate) with increased access to persons involved in the distribution of the Contracts. 16 The Company and/or certain of its affiliated insurance companies have joint ownership interests in its affiliated investment advisers MetLife Advisers, LLC and Met Investors Advisory LLC, which are formed as "limited liability companies." The Company's ownership interests in MetLife Advisers, LLC and Met Investors Advisory LLC entitle us to profit distributions if the adviser makes a profit with respect to the advisory fees it receives from the Underlying Fund. The Company will benefit accordingly from assets allocated to the Underlying Funds to the extent they result in profits to the advisers. (See "Fee Table -- Underlying Fund Fees and Expenses" for information on the management fees paid by the Underlying Funds and the Statement of Additional Information for the Underlying Funds for information on the management fees paid by the advisers to the subadvisers.) Certain Underlying Funds have adopted a Distribution Plan under Rule 12b-1 of the Investment Company Act of 1940. An Underlying Fund's 12b-1 Plan, if any, is described in more detail in the Underlying Fund's prospectus. (See "Fee Table -- Underlying Fund Fees and Expenses" and "Other Information -- Distribution of Variable Annuity Contracts.") Any payments we receive pursuant to those 12b-1 Plans are paid to us or our distributor, MetLife Investors Distribution Company. Payments under an Underlying Fund's 12b-1 Plan decrease the Underlying Fund's investment return. We make certain payments to American Funds Distributors, Inc., principal underwriter for the American Funds Insurance Series. (See "Distribution of Variable Annuity Contracts.") Each Underlying Fund has different investment objectives and risks. The Underlying Fund prospectuses contain more detailed information on each Underlying Fund's investment strategy, investment advisers and its fees. You may obtain an Underlying Fund prospectus by calling 800-842-9368 or through your registered representative. We do not guarantee the investment results of the Underlying Funds. The current Underlying Funds are listed below, along with their investment advisers and any subadviser:
FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- AMERICAN FUNDS INSURANCE SERIES(R) -- CLASS 2 American Funds Global Growth Fund Seeks capital appreciation Capital Research and Management through stocks. Company American Funds Growth Fund Seeks capital appreciation Capital Research and Management through stocks. Company American Funds Growth-Income Fund Seeks both capital appreciation Capital Research and Management and income. Company FIDELITY(R) VARIABLE INSURANCE PRODUCTS -- SERVICE CLASS 2 Contrafund(R) Portfolio Seeks long-term capital Fidelity Management & Research appreciation. Company Dynamic Capital Appreciation Seeks capital appreciation. Fidelity Management & Research Portfolio+ Company Mid Cap Portfolio Seeks long-term growth of Fidelity Management & Research capital. Company FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST -- CLASS 2 Templeton Foreign Securities Fund Seeks long-term capital growth. Templeton Investment Counsel, LLC Subadviser: Franklin Templeton Investment Management Limited JANUS ASPEN SERIES -- SERVICE SHARES Global Life Sciences Portfolio+ Seeks long-term growth of Janus Capital Management LLC capital. Global Technology Portfolio Seeks long-term capital growth. Janus Capital Management LLC
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- LEGG MASON PARTNERS VARIABLE EQUITY TRUST Legg Mason Partners Variable Seeks capital appreciation. Legg Mason Partners Fund Advisor, Aggressive Growth LLC Portfolio -- Class I Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term appreciation of Legg Mason Partners Fund Advisor, Appreciation Portfolio -- Class capital. LLC I Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks investment results that, Legg Mason Partners Fund Advisor, Equity Index Portfolio -- Class before expenses, correspond to LLC II the price and yield performance Subadviser: Batterymarch of the S&P 500(R) Index. Financial Management, Inc. Legg Mason Partners Variable Seeks long-term capital growth. Legg Mason Partners Fund Advisor, Fundamental Value Current income is a secondary LLC Portfolio -- Class I consideration. Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Investors Portfolio -- Class I capital. Current income is a LLC secondary objective. Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Large Cap Growth capital. LLC Portfolio -- Class I Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks long-term growth of Legg Mason Partners Fund Advisor, Small Cap Growth capital. LLC Portfolio -- Class I Subadviser: ClearBridge Advisors, LLC Legg Mason Partners Variable Seeks capital appreciation and Legg Mason Partners Fund Advisor, Social Awareness Portfolio retention of net investment LLC income. Subadviser: Legg Mason Investment Counsel, LLC LEGG MASON PARTNERS VARIABLE INCOME TRUST Legg Mason Partners Variable Seeks to provide high current Legg Mason Partners Fund Advisor, Adjustable Rate Income income and to limit the degree of LLC Portfolio fluctuation of its net asset Subadviser: Western Asset value resulting from movements in Management Company interest rates. MET INVESTORS SERIES TRUST BlackRock High Yield Seeks to maximize total return, Met Investors Advisory, LLC Portfolio -- Class A consistent with income generation Subadviser: BlackRock Financial and prudent investment Management, Inc. management. BlackRock Large Cap Core Seeks long-term capital growth. Met Investors Advisory, LLC Portfolio -- Class E Subadviser: BlackRock Advisors, LLC Clarion Global Real Estate Seeks to provide total return Met Investors Advisory, LLC Portfolio -- Class A through investment in real estate Subadviser: ING Clarion Real securities, emphasizing both Estate Securities, L.P. capital appreciation and current income.
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- Dreman Small Cap Value Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class A Subadviser: Dreman Value Management, L.L.C. Harris Oakmark International Seeks long-term capital Met Investors Advisory, LLC Portfolio -- Class A appreciation. Subadviser: Harris Associates L.P. Janus Forty Portfolio -- Class A Seeks capital appreciation. Met Investors Advisory, LLC Subadviser: Janus Capital Management LLC Lazard Mid Cap Portfolio -- Class Seeks long-term growth of Met Investors Advisory, LLC A++ capital. Subadviser: Lazard Asset Management LLC Lazard Mid Cap Portfolio -- Class Seeks long-term growth of Met Investors Advisory, LLC B capital. Subadviser: Lazard Asset Management LLC Legg Mason Partners Managed Seeks high total return. Met Investors Advisory, LLC Assets Portfolio -- Class A Subadvisers: Batterymarch Financial Management, Inc.; Western Asset Management Company; ClearBridge Advisors, LLC; Legg Mason Global Asset Allocation, LLC Lord Abbett Bond Debenture Seeks high current income and the Met Investors Advisory, LLC Portfolio -- Class A opportunity for capital Subadviser: Lord, Abbett & Co. appreciation to produce a high LLC total return. Lord Abbett Growth and Income Seeks long-term growth of capital Met Investors Advisory, LLC Portfolio -- Class B and income without excessive Subadviser: Lord, Abbett & Co. fluctuation in market value. LLC Lord Abbett Mid Cap Value Seeks capital appreciation Met Investors Advisory, LLC Portfolio -- Class B through investments primarily in Subadviser: Lord, Abbett & Co. equity securities which are LLC believed to be undervalued in the marketplace. Met/AIM Capital Appreciation Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class A Subadviser: Invesco Aim Capital Management, Inc. Met/AIM Small Cap Growth Seeks long-term growth of Met Investors Advisory, LLC Portfolio -- Class A capital. Subadviser: Invesco Aim Capital Management, Inc. MFS(R) Emerging Markets Equity Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B Subadviser: Massachusetts Financial Services Company MFS(R) Research International Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B+ Subadviser: Massachusetts Financial Services Company PIMCO Inflation Protected Bond Seeks to provide maximum real Met Investors Advisory, LLC Portfolio -- Class A return, consistent with Subadviser: Pacific Investment preservation of capital and Management Company LLC prudent investment management. Pioneer Fund Portfolio -- Class A Seeks reasonable income and Met Investors Advisory, LLC capital growth. Subadviser: Pioneer Investment Management, Inc.
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- Pioneer Strategic Income Seeks a high level of current Met Investors Advisory, LLC Portfolio -- Class A income. Subadviser: Pioneer Investment Management, Inc. Third Avenue Small Cap Value Seeks long-term capital Met Investors Advisory, LLC Portfolio -- Class B appreciation. Subadviser: Third Avenue Management LLC METROPOLITAN SERIES FUND, INC. BlackRock Aggressive Growth Seeks maximum capital MetLife Advisers, LLC Portfolio -- Class D appreciation. Subadviser: BlackRock Advisors, LLC BlackRock Bond Income Seeks a competitive total return MetLife Advisers, LLC Portfolio -- Class A primarily from investing in Subadviser: BlackRock Advisors, fixed-income securities. LLC BlackRock Money Market Seeks a high level of current MetLife Advisers, LLC Portfolio -- Class A income consistent with Subadviser: BlackRock Advisors, preservation of capital. LLC Davis Venture Value Seeks growth of capital. MetLife Advisers, LLC Portfolio -- Class A Subadviser: Davis Selected Advisers, L.P. FI Large Cap Portfolio -- Class A Seeks long-term growth of MetLife Advisers, LLC capital. Subadviser: Pyramis Global Advisors, LLC FI Value Leaders Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class D capital. Subadviser: Pyramis Global Advisors, LLC MetLife Aggressive Allocation Seeks growth of capital. MetLife Advisers, LLC Portfolio -- Class B MetLife Conservative Allocation Seeks high level of current MetLife Advisers, LLC Portfolio -- Class B income, with growth of capital as a secondary objective. MetLife Conservative to Moderate Seeks high total return in the MetLife Advisers, LLC Allocation Portfolio -- Class B form of income and growth of capital, with a greater emphasis on income. MetLife Moderate Allocation Seeks a balance between a high MetLife Advisers, LLC Portfolio -- Class B level of current income and growth of capital, with a greater emphasis on growth of capital. MetLife Moderate to Aggressive Seeks growth of capital. MetLife Advisers, LLC Allocation Portfolio -- Class B MFS(R) Total Return Seeks a favorable total return MetLife Advisers, LLC Portfolio -- Class F through investment in a Subadviser: Massachusetts diversified portfolio. Financial Services Company MFS(R) Value Portfolio -- Class A Seeks capital appreciation and MetLife Advisers, LLC reasonable income. Subadviser: Massachusetts Financial Services Company Oppenheimer Global Equity Seeks capital appreciation. MetLife Advisers, LLC Portfolio -- Class B Subadviser: OppenheimerFunds, Inc. T. Rowe Price Large Cap Growth Seeks long-term growth of capital MetLife Advisers, LLC Portfolio -- Class B+ and, secondarily, dividend Subadviser: T. Rowe Price income. Associates, Inc.
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- T. Rowe Price Small Cap Growth Seeks long-term capital growth. MetLife Advisers, LLC Portfolio -- Class B Subadviser: T. Rowe Price Associates, Inc. Western Asset Management U.S. Seeks to maximize total return MetLife Advisers, LLC Government Portfolio -- Class A consistent with preservation of Subadviser: Western Asset capital and maintenance of Management Company liquidity. PIMCO VARIABLE INSURANCE TRUST -- ADMINISTRATIVE CLASS Total Return Portfolio Seeks maximum total return, Pacific Investment Management consistent with preservation of Company LLC capital and prudent investment management. VAN KAMPEN LIFE INVESTMENT TRUST -- CLASS II Comstock Portfolio Seeks capital growth and income Van Kampen Asset Management through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred stocks. Enterprise Portfolio+ Seeks capital appreciation Van Kampen Asset Management through investments in securities believed by the Portfolio's investment adviser to have above average potential for capital appreciation.
- --------- + Not available under all Contracts. Availability depends on Contract issue date. ++ Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing. Certain Variable Funding Options may have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds." CHARGES AND DEDUCTIONS - -------------------------------------------------------------------------------- GENERAL We deduct the charges described below. The charges are for the services and benefits we provide, costs and expenses we incur, and risks we assume under the Contracts. Services and benefits we provide include: - the ability for you to make withdrawals and surrenders under the Contracts - the death benefit paid on the death of the Contract Owner, Annuitant, or first of the joint owners - the available funding options and related programs (including dollar cost averaging, portfolio rebalancing, and systematic withdrawal programs) - administration of the annuity options available under the Contracts - the distribution of various reports to Contract Owners Costs and expenses we incur include: - losses associated with various overhead and other expenses associated with providing the services and benefits provided by the Contracts 21 - sales and marketing expenses including commission payments to your registered representative - other costs of doing business Risks we assume include: - that Annuitants may live longer than estimated when the annuity factors under the Contracts were established - that the amount of the death benefit will be greater than the Contract Value - that the costs of providing the services and benefits under the Contracts will exceed the charges deducted We may also deduct a charge for taxes. Unless otherwise specified, charges are deducted proportionately from all funding options in which you are invested. The amount of a charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designated charge. We may also profit on one or more of the charges. We may use any such profits for any corporate purpose, including the payment of sales expenses. TRANSFER CHARGE We reserve the right to assess a transfer charge of up to $10.00 on transfers exceeding 12 per year. We will notify you in writing at your last known address at least 31 days before we impose any such transfer charge. ADMINISTRATIVE CHARGES There are two administrative charges: the $30 annual Contract administrative charge and the administrative expense charge. The annual Contract administrative charge will be deducted on a pro-rata basis from amounts allocated to the Variable Funding Options. We will deduct this charge on the fourth Friday of each August. This charge compensates us for expenses incurred in establishing and maintaining the Contract and we will prorate this charge (i.e. calculate) from the date of purchase. We will prorate this charge if you surrender your Contract, or if we terminate your Contract. We will not deduct a Contract administrative charge: (1) from the distribution of death proceeds; (2) after an annuity payout has begun; or (3) if the Contract Value on the date of assessment equals or is greater than $40,000. We deduct the administrative expense charge (sometimes called "Subaccount administrative charge") on each business day from amounts allocated to the Variable Funding Options to compensate the Company for certain related administrative and operating expenses. The charge equals, on an annual basis, 0.15% of the daily net asset value allocated to each of the Variable Funding Options, and is reflected in our Accumulation and Annuity Unit value calculations. MORTALITY AND EXPENSE RISK CHARGE Each business day, we deduct a mortality and expense risk ("M&E") charge from amounts held in the Variable Funding Options. We reflect the deduction in our calculation of Accumulation and Annuity Unit values. The charges stated are the maximum for this product. We reserve the right to lower this charge at any time. If you choose the Standard Death Benefit, the M&E charge is 1.55% annually. If you choose the Enhanced Death Benefit, the M&E charge is 1.75% annually. This charge compensates the Company for risks assumed, benefits provided and expenses incurred, including the payment of commissions to your registered representative. ENHANCED STEPPED-UP PROVISION CHARGE If the E.S.P. option is selected, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge equals, on an annual basis, 0.20% of the amounts held in each funding option. 22 GUARANTEED MINIMUM WITHDRAWAL BENEFIT CHARGE If you elect to add a GMWB rider to your Contract, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge depends on which GWMB rider you select. The current charge for each rider is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. These GMWB riders may be elected only at the time of your initial purchase of the Contract. VARIABLE FUNDING OPTION EXPENSES We summarized the charges and expenses of the Underlying Funds in the fee table. Please review the prospectus for each Underlying Fund for a more complete description of that fund and its expenses. Underlying Fund expenses are not fixed or guaranteed and are subject to change by the Fund. PREMIUM TAX Certain state and local governments charge premium taxes ranging from 0% to 3.5%, depending upon jurisdiction. We are responsible for paying these taxes and will determine the method used to recover premium tax expenses incurred. We will deduct any applicable premium taxes from your Contract Value either upon death, surrender, annuitization, or at the time you make Purchase Payments to the Contract, but no earlier than when we have a tax liability under state law. CHANGES IN TAXES BASED UPON PREMIUM OR VALUE If there is any change in a law assessing taxes against the Company based upon premiums, contract gains or value of the Contract, we reserve the right to charge you proportionately for this tax. TRANSFERS - -------------------------------------------------------------------------------- Subject to the limitations described below, you may transfer all or part of your Contract Value between Variable Funding Options at any time up to 30 days before the Maturity Date. After the Maturity Date, you may make transfers only if allowed by your Contract or with our consent. Transfer requests received at our Home Office that are in good order before the close of the New York Stock Exchange (NYSE) will be processed according to the value(s) next computed following the close of business. Transfer requests received on a non-business day or after the close of the NYSE will be processed based on the value(s) next computed on the next business day. Where permitted by state law, we reserve the right to restrict transfers from the Variable Funding Options to the Fixed Account whenever the credited interest rate on the Fixed Account is equal to the minimum guaranteed interest rate specified under the Contract. Currently, there are no charges for transfers; however, we reserve the right to charge a fee for any transfer request which exceeds twelve per year. Since each Underlying Fund may have different overall expenses, a transfer of Contract Values from one Variable Funding Option to another could result in your investment becoming subject to higher or lower expenses. Also, when making transfers, you should consider the inherent risks associated with the Variable Funding Options to which your Contract Value is allocated. MARKET TIMING/EXCESSIVE TRADING Frequent requests from Contract Owners to transfer Contract Value may dilute the value of an Underlying Fund's shares if the frequent trading involves an attempt to take advantage of pricing inefficiencies created by a lag between a change in the value of the securities held by the Underlying Fund and the reflection of that change in the Underlying Fund's share price ("arbitrage trading"). Regardless of the existence of pricing inefficiencies, frequent transfers may also increase brokerage and administrative costs of the Underlying Funds and may disrupt Underlying Fund management strategy, requiring an Underlying Fund to maintain a high cash position and possibly resulting in lost investment opportunities and forced liquidations ("disruptive trading"). Accordingly, arbitrage trading and disruptive trading activities (referred to collectively as "market timing") may adversely affect the long-term 23 performance of the Underlying Funds, which may in turn adversely affect Contract Owners and other persons who may have an interest in the Contracts (e.g., annuitants and beneficiaries). We have policies and procedures that attempt to detect and deter frequent transfers in situations where we determine there is a potential for arbitrage trading. Currently, we believe that such situations may be presented in the international, small-cap, and high-yield Underlying Funds, i.e., American Funds Global Growth Fund, Templeton Foreign Securities Fund, Janus Aspen Global Life Sciences Portfolio, Janus Aspen Global Technology Portfolio, Legg Mason Partners Variable Small Cap Growth Portfolio, BlackRock High Yield Portfolio, Clarion Global Real Estate Portfolio, Dreman Small Cap Value Portfolio, Harris Oakmark International Portfolio, Lord Abbett Bond Debenture Portfolio, Met/AIM Small Cap Growth Portfolio, MFS(R) Emerging Markets Equity Portfolio, MFS(R) Research International Portfolio, Pioneer Strategic Income Portfolio, Third Avenue Small Cap Value Portfolio, Oppenheimer Global Equity Portfolio, and T. Rowe Price Small Cap Growth Portfolio (the "Monitored Portfolios"), and we monitor transfer activity in those Monitored Portfolios. In addition, as described below, we treat all American Funds Insurance Series portfolios ("American Funds portfolios") as Monitored Portfolios. We employ various means to monitor transfer activity, such as examining the frequency and size of transfers into and out of the Monitored Portfolios within given periods of time. For example, we currently monitor transfer activity to determine if, for each of the Monitored Portfolios, in a three-month period there were two or more "round- trips" of a certain dollar amount or greater. A round-trip is defined as a transfer in followed by a transfer out within the next 10 calendar days, or a transfer out followed by a transfer in within the next 10 calendar days. In the case of a Contract that has been restricted previously, a single round-trip of a certain dollar amount or greater will trigger the transfer restrictions described below. We do not believe that other Underlying Funds present a significant opportunity to engage in arbitrage trading and therefore do not monitor transfer activity in those Underlying Funds. We may change the Monitored Portfolios at any time without notice in our sole discretion. In addition to monitoring transfer activity in certain Underlying Funds, we rely on the Underlying Funds to bring any potential disruptive trading activity they identify to our attention for investigation on a case-by-case basis. We will also investigate other harmful transfer activity that we identify from time to time. We may revise these policies and procedures in our sole discretion at any time without prior notice. AMERICAN FUNDS MONITORING POLICY. As a condition to making their portfolios available in our products, American Funds requires us to treat all American Funds portfolios as Monitored Portfolios under our current market timing and excessive trading policies and procedures. Further, American Funds requires us to impose additional specified monitoring criteria for all American Funds portfolios available under the Contract, regardless of the potential for arbitrage trading. We are required to monitor transfer activity in American Funds portfolios to determine if there were two or more transfers in followed by transfers out, in each case of a certain dollar amount or greater, in any 30-day period. A first violation of the American Funds monitoring policy will result in a written notice of violation; any additional violation will result in the imposition of the transfer restrictions described below. Further, as Monitored Portfolios, American Funds portfolios also will be subject to our current market timing and excessive trading policies, procedures and restrictions, and transfer restrictions may be imposed upon a violation of either monitoring policy. Our policies and procedures may result in transfer restrictions being applied to deter market timing. Currently, when we detect transfer activity in the Monitored Portfolios that exceeds our current transfer limits, or other transfer activity that we believe may be harmful to other Owners or other persons who have an interest in the Contracts, we will exercise our contractual right to restrict your number of transfers to one every six months. In addition, we also reserve the right, but do not have the obligation, to further restrict the right to request transfers by any market timing firm or any other third party who has been authorized to initiate transfers on behalf of multiple Contract Owners. We may, among other things: - reject the transfer instructions of any agent acting under a power of attorney on behalf of more than one Owner, or - reject the transfer or exchange instructions of individual Owners who have executed pre-authorized transfer forms which are submitted by market timing firms or other third parties on behalf of more than one Owner. Transfers made under a Dollar Cost Averaging Program, a rebalancing program or, if applicable, any asset allocation program described in this prospectus are not treated as transfers when we evaluate trading patterns for market timing. 24 The detection and deterrence of harmful transfer activity involves judgments that are inherently subjective, such as the decision to monitor only those Underlying Funds that we believe are susceptible to arbitrage trading or the determination of the transfer limits. Our ability to detect and/or restrict such transfer activity may be limited by operational and technological systems, as well as our ability to predict strategies employed by Owners to avoid such detection. Our ability to restrict such transfer activity also may be limited by provisions of the Contract. Accordingly, there is no assurance that we will prevent all transfer activity that may adversely affect Owners and other persons with interests in the Contracts. We do not accommodate market timing in any Underlying Fund and there are no arrangements in place to permit any Contract Owner to engage in market timing; we apply our policies and procedures without exception, waiver, or special arrangement. The Underlying Funds may have adopted their own policies and procedures with respect to frequent purchases and redemptions of their respective shares and we reserve the right to enforce these policies and procedures. For example, Underlying Funds may assess a redemption fee (which we reserve the right to collect) on shares held for a relatively short period. The prospectuses for the Underlying Funds describe any such policies and procedures, which may be more or less restrictive than the policies and procedures we have adopted. Although we may not have the contractual authority or the operational capacity to apply the frequent trading policies and procedures of the Underlying Funds, we have entered into a written agreement, as required by SEC regulation, with each Underlying Fund or its principal underwriter that obligates us to provide to the Underlying Fund promptly upon request certain information about the trading activity of individual Contract Owners, and to execute instructions from the Underlying Fund to restrict or prohibit further purchases or transfers by specific Contract Owners who violate the frequent trading policies established by the Underlying Fund. In addition, Contract Owners and other persons with interests in the contracts should be aware that the purchase and redemption orders received by the Underlying Funds generally are "omnibus" orders from intermediaries, such as separate accounts funding variable insurance contracts or retirement plans. The omnibus orders reflect the aggregation and netting of multiple orders from individual owners of variable insurance contracts and/or individual retirement plan participants. The omnibus nature of these orders may limit the Underlying Funds in their ability to apply their frequent trading policies and procedures. In addition, the other insurance companies and/or retirement plans may have different policies and procedures or may not have any such policies and procedures because of contractual limitations. For these reasons, we cannot guarantee that the Underlying Funds (and thus Contract Owners) will not be harmed by transfer activity relating to other insurance companies and/or retirement plans that may invest in the Underlying Funds. If an Underlying Fund believes that an omnibus order reflects one or more transfer requests from Contract Owners engaged in disruptive trading activity, the Underlying Fund may reject the entire omnibus order. In accordance with applicable law, we reserve the right to modify or terminate the transfer privilege at any time. We also reserve the right to defer or restrict the transfer privilege at any time that we are unable to purchase or redeem shares of any of the Underlying Funds, including any refusal or restriction on purchases or redemptions of their shares as a result of their own policies and procedures on market timing activities (even if an entire omnibus order is rejected due to the market timing activity of a single Contract Owner). You should read the Underlying Fund prospectuses for more details. DOLLAR COST AVERAGING Dollar cost averaging or the pre-authorized transfer program (the "DCA Program") allows you to transfer a set dollar amount to other funding options on a monthly or quarterly basis during the accumulation phase of the Contract. Using this method, you will purchase more Accumulation Units in a funding option if the value per unit is low and will purchase fewer Accumulation Units if the value per unit is high. Therefore, you may achieve a lower-than-average cost per unit in the long run if you have the financial ability to continue the program over a long enough period of time. Dollar cost averaging does not assure a profit or protect against a loss. You may elect the DCA Program through Written Request or other method acceptable to us. You must have a minimum total Contract Value of $5,000 to enroll in the DCA Program. The minimum amount that may be transferred through this program is $400. There is no additional fee to participate in the DCA Program. You may start or stop participation in the DCA Program at any time, but you must give the Company at least 30 days' notice to change any automated transfer instructions that are currently in place. You may only have one DCA Program in place at one time. We will allocate any subsequent Purchase Payments we receive within the program 25 period selected to the current funding options over the remainder of that Program transfer period, unless you direct otherwise. All provisions and terms of the Contract apply to the DCA Program, including provisions relating to the transfer of money between funding options. Transfers made under any DCA Program will not be counted for purposes of restrictions we may impose on the number of transfers permitted under the Contract. We reserve the right to suspend or modify transfer privileges at any time and to assess a processing fee for this service. ACCESS TO YOUR MONEY - -------------------------------------------------------------------------------- Any time before the Maturity Date, you may redeem all or any portion of the Cash Surrender Value, that is, the Contract Value less any any premium tax not previously deducted. Unless you submit a Written Request specifying the Variable Funding Option(s) from which we are to withdraw amounts, we will make the withdrawal on a pro rata basis. We will determine the Cash Surrender Value as of the close of business after we receive your surrender request at our Home Office. The Cash Surrender Value may be more or less than the Purchase Payments you made. You may not make withdrawals during the annuity period. We may defer payment of any Cash Surrender Value for a period of up to five business days after the Written Request is received. It is our intent to pay as soon as possible. We cannot process requests for withdrawals that are not in good order. We will contact you if there is a deficiency causing a delay and will advise what is needed to act upon the withdrawal request. We may withhold payment of surrender or withdrawal proceeds if any portion of those proceeds would be derived from a Contract Owner's check that has not yet cleared (i.e., that could still be dishonored by your banking institution). We may use telephone, fax, Internet or other means of communications to verify that payment from the Contract Owner's check has been or will be collected. We will not delay payment longer than necessary for us to verify that payment has been or will be collected. Contract Owners may avoid the possibility of delay in the disbursement of proceeds coming from a check that has not yet cleared by providing us with a certified check. If your Contract is issued as part of a 403(b) plan, there are restrictions on your ability to make withdrawals from your Contract. You may not withdraw contributions or earnings made to your Contract after December 31, 1988 unless you are (a) age 59 1/2, (b) no longer employed, (c) deceased, (d) disabled, or (e) experiencing a financial hardship. Even if you are experiencing a financial hardship, you may only withdraw contributions, not earnings. You should consult with your tax adviser before making a withdrawal from your Contract. SYSTEMATIC WITHDRAWALS Before the Maturity Date, you may choose to withdraw a specified dollar amount (at least $100) on a monthly, quarterly, semiannual or annual basis. We will deduct any applicable premium taxes. To elect systematic withdrawals, you must have a Contract Value of at least $15,000 and you must make the election on the form we provide. We will surrender Accumulation Units pro rata from all funding options in which you have an interest, unless you instruct us otherwise. You may begin or discontinue systematic withdrawals at any time by notifying us in writing, but you must give at least 30 days' notice to change any systematic withdrawal instructions that are currently in place. We reserve the right to discontinue offering systematic withdrawals or to assess a processing fee for this service upon 30 days' written notice to Contract Owners (where allowed by state law). There is currently no additional fee for electing systematic withdrawals. Each systematic withdrawal is subject to federal income taxes on the taxable portion and may be subject to Contract charges. In addition, a 10% federal penalty tax may be assessed on systematic withdrawals if the Contract Owner is under age 59 1/2. You should consult with your tax adviser regarding the tax consequences of systematic withdrawals. MANAGED DISTRIBUTION PROGRAM. Under the systematic withdrawal option, you may choose to participate in the Managed Distribution Program. At no cost to you, you may instruct us to calculate and make minimum distributions that may be required by the IRS upon reaching age 70 1/2. (See "Federal Tax Considerations.") No Dollar Cost Averaging will be permitted if you are participating in the Managed Distribution Program. 26 OWNERSHIP PROVISIONS - -------------------------------------------------------------------------------- TYPES OF OWNERSHIP CONTRACT OWNER The Contract belongs to the Contract Owner named in the Contract (on the Contract Specifications page), or to any other person to whom you subsequently assign the Contract. You may only make an assignment of ownership or a collateral assignment for Non-qualified Contracts. You have sole power during the Annuitant's lifetime to exercise any rights and to receive all benefits given in the Contract provided you have not named an irrevocable beneficiary and provided you have not assigned the Contract. You receive all payments while the Annuitant is alive unless you direct them to an alternate recipient. An alternate recipient does not become the Contract Owner. If this Contract is purchased by a beneficiary of another contract who directly transferred the death proceeds due under that contract, he/she will be granted the same rights the owner has under the Contract except that he/she cannot transfer ownership, or make additional Purchase Payments. Joint Owner. For Non-qualified Contracts only, you may name joint owners (e.g., spouses) in a Written Request before the Contract is in effect. Joint owners may independently exercise transfers allowed under the Contract. All other rights of ownership must be exercised by both owners. Joint owners own equal shares of any benefits accruing or payments made to them. BENEFICIARY You name the beneficiary in a Written Request. The beneficiary has the right to receive any death benefit proceeds remaining under the Contract upon the death of the Annuitant or the Contract Owner. If more than one beneficiary survives the Annuitant or Contract Owner, they will share equally in benefits unless you recorded different shares with the Company by Written Request before the death of the Annuitant or Contract Owner. In the case of a non-spousal beneficiary or a spousal beneficiary who has not chosen to assume the Contract, we will not transfer or otherwise remove the death benefit proceeds from the Variable Funding Options, as most recently elected by the Contract Owner, until the Death Report Date. Unless you have named an irrevocable beneficiary you have the right to change any beneficiary by Written Request during the lifetime of the Annuitant and while the Contract continues. ANNUITANT The Annuitant is designated in the Contract (on the Contract Specifications page), and is the individual on whose life the Maturity Date and the amount of the monthly Annuity Payments depend. You may not change the Annuitant after your Contract is in effect. Contingent Annuitant. You may name one individual as a Contingent Annuitant. A Contingent Annuitant may not be changed, deleted or added to the Contract after the Contract Date. If the Annuitant who is not the owner dies prior to the Maturity Date, and the Contingent Annuitant is still living: - the death benefit will not be payable upon the Annuitant's death - the Contingent Annuitant becomes the Annuitant - all other rights and benefits will continue in effect When a Contingent Annuitant becomes the Annuitant, the Maturity Date remains the same as previously in effect. If the Annuitant is also the owner, a death benefit is paid to the beneficiary regardless of whether or not there is a Contingent Annuitant. 27 DEATH BENEFIT - -------------------------------------------------------------------------------- Before the Maturity Date, generally, a death benefit is payable when either the Annuitant or a Contract Owner dies. We calculate the death benefit at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or election of spousal or beneficiary contract continuance ("Death Report Date"). There are age restrictions on certain death benefits (see The Annuity Contract section). Note: If the owner dies before the Annuitant, the death benefit is recalculated replacing all references to "Annuitant" with "owner." DEATH PROCEEDS BEFORE THE MATURITY DATE STANDARD DEATH BENEFIT If the Annuitant is less than age 80 on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greatest of a), b) or c) below, less any applicable premium tax. If the Annuitant is 80 or older on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater of a) or b) below, less any applicable premium tax. a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** ENHANCED DEATH BENEFIT If the Annuitant dies before the Maturity Date and before age 80, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** If the Annuitant dies before the Maturity Date and on or after age 80, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** available at the Annuitant's 80(th) birthday, plus any additional Purchase Payments, minus any partial surrender reductions (as described below) which occur after the Annuitant's 80(th) birthday * If you have elected a GMWB Rider (Principal Guarantee) your adjusted Purchase Payment will NOT be calculated as described below but will be equal to your aggregate Purchase Payments minus your aggregate withdrawals from the date you purchase the rider. ** Your Step-Up Value or the Roll-Up Death Benefit Value will be subjected to the partial surrender reduction below even if you have elected the GMWB rider (Principal Guarantee). 28 ADJUSTED PURCHASE PAYMENT: The initial Adjusted Purchase Payment is equal to the initial Purchase Payment. Whenever any additional Purchase Payment(s) are made, the Adjusted Purchase Payment is increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the Adjusted Purchase Payment is reduced by a partial surrender reduction as described below. STEP UP VALUE: The Step-Up Value will initially equal the Contract Value on the first Contract Date anniversary. On each subsequent Contract Date anniversary that occurs before the Annuitant's 80(th) birthday and before the Annuitant's death, if the Contract Value is greater than the Step-Up Value, the Step-Up Value will be increased to equal the Contract Value on that date. If the Step-Up Value is greater than the Contract Value, the Step-Up Value will remain unchanged. Whenever a Purchase Payment is made, the Step-Up Value will be increased by the amount of that Purchase Payment. Whenever a partial surrender is taken, the Step-Up Value will be reduced by a partial surrender reduction as described below. The only changes made to the Step-Up Value on or after the Annuitant's 80(th) birthday will be those related to additional Purchase Payments or partial surrenders as described above. ROLL UP DEATH BENEFIT VALUE: On the Contract Date, the Roll-Up Death Benefit Value is equal to the Purchase Payment. On each Contract Date anniversary, the Roll-Up Death Benefit Value will be recalculated to equal (a) plus (b) minus (c), increased by 5%, where: (a) is the Roll-Up Death Benefit as of the previous Contract Date anniversary (b) any Purchase Payments made during the previous Contract Year (c) any Partial Surrender Reductions (as described below) during the previous Contract Year On dates other than the Contract Date anniversary, the Roll-Up Death Benefit Value will equal (a) plus (b) minus (c), where: (a) the Roll-Up Death Benefit Value on the previous Contract Date anniversary (b) any Purchase Payments made since the previous Contract Date anniversary (c) any Partial Surrender Reductions (as described below) since the previous Contract Date anniversary. The maximum Roll-Up Death Benefit equals 200% of the difference between all Purchase Payments and all partial surrender reductions (as described below). PARTIAL SURRENDER REDUCTION: ADJUSTED PURCHASE PAYMENT. The Partial Surrender Reduction is equal to (1) the Adjusted Purchase Payment in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. STEP-UP VALUE AND ROLL-UP VALUE. The Partial Surrender Reduction is equal to (1) the amount of the death benefit value (Step-Up or Roll-Up Value) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. The following examples apply to the Adjusted Purchase Payment, Step-Up Value or Roll-Up Value. Assume your current Contract Value is $55,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce death benefit as follows: 50,000 x (10,000/55,000) = $9,090 Your new death benefit would be 50,000-9,090, or $40,910. 29 The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce the death benefit as follows: 50,000 x (10,000/30,000) = $16,666 Your new death benefit would be 50,000-16,666, or $33,334. ENHANCED STEPPED-UP PROVISION ("E.S.P.") THIS PROVISION IS NOT AVAILABLE TO A CUSTOMER WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. This provision must be elected at time of application. If you have selected the E.S.P., the total death benefit as of the Death Report Date will equal the death benefit described above plus the greater of zero or the following amount: IF THE ANNUITANT IS YOUNGER THAN AGE 70 ON THE CONTRACT DATE, 40% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date; or IF THE ANNUITANT IS BETWEEN THE AGES OF 70 AND 75 ON THE CONTRACT DATE, 25% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are both received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date. THE INITIAL MODIFIED PURCHASE PAYMENT is equal to the initial Contract Value. Whenever an additional Purchase Payment is made, the modified Purchase Payment(s) are increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the modified Purchase Payment(s) are reduced by a partial surrender reduction as described below. THE PARTIAL SURRENDER REDUCTION IS EQUAL TO: (1) the modified Purchase Payment(s) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. For example, assume your current modified Purchase Payment is $50,000 and that your current Contract Value is $55,000. You decide to make a withdrawal of $10,000. We would reduce the modified Purchase Payment as follows: 50,000 X (10,000/55,000) = 9,090 You new modified Purchase Payment would be 50,000 -- 9,090 = $40,910. The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If your current modified Purchase Payment is $50,000 and you decide to make a withdrawal of $10,000, we would reduce the modified Purchase Payment as follows: 50,000 X (10,000/30,000) = $16,666 Your new modified Purchase Payment would be 50,000 -- 16,666 = $33,334. PAYMENT OF PROCEEDS We describe the process of paying death benefit proceeds before the Maturity Date in the charts below. The charts do not encompass every situation and are merely intended as a general guide. More detailed information is provided in your Contract. Generally, the person(s) receiving the benefit may request that the proceeds be paid in a lump sum, or be applied to one of the settlement options available under the Contract. 30 NON-QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS NOT THE The beneficiary (ies), or if The beneficiary elects to Yes ANNUITANT) (WITH NO JOINT none, to the Contract continue the Contract rather OWNER) Owner's estate. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS THE ANNUITANT) The beneficiary (ies), or if The beneficiary elects to Yes (WITH NO JOINT OWNER) none, to the Contract continue the Contract rather Owner's estate. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The surviving joint owner. Yes IS NOT THE ANNUITANT) - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The beneficiary (ies), or if The beneficiary elects to Yes IS THE ANNUITANT) none, to the surviving joint continue the Contract rather owner. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The surviving joint owner. The spouse elects to Yes NOT THE ANNUITANT) continue the Contract. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The beneficiary (ies), or if The spouse elects to Yes THE ANNUITANT) none, to the surviving joint continue the Contract. owner. A spouse who is not the beneficiary may decline to continue the Contract and instruct the Company to pay the beneficiary. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS NOT THE The beneficiary (ies), or if The beneficiary elects to Yes CONTRACT OWNER) none, to the Contract Owner. continue the Contract rather than receive a lump sum distribution. But, if there is a Contingent Annuitant, then the Contingent Annuitant becomes the Annuitant and the Contract continues in effect (generally using the original Maturity Date). The proceeds will then be paid upon the death of the Contingent Annuitant or owner. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS THE See death of "Owner who is Yes CONTRACT OWNER) the Annuitant" above. - --------------------------------------------------------------------------------------------------------------
31
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHERE OWNER IS A NON-NATURAL PERSON/TRUST) The beneficiary (ies), or if Yes (Death of Annuitant is none, to the owner. treated as death of the owner in these circumstances.) - -------------------------------------------------------------------------------------------------------------- CONTINGENT ANNUITANT No death proceeds are N/A (ASSUMING ANNUITANT IS STILL payable; Contract continues. ALIVE) - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- OWNER/ANNUITANT The beneficiary (ies), or if The beneficiary elects to Yes none, to the Contract continue the Contract rather Owner's estate. than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
- --------- * Certain payout rules of the Code are triggered upon the death of any owner. Non-spousal beneficiaries (as well as spousal beneficiaries who choose not to assume the Contract) must begin taking distributions based on the beneficiary's life expectancy within one year of death or take a complete distribution of contract proceeds within 5 years of death. Spousal beneficiaries must choose to continue the Contract as allowed under the spousal contract continuance provision described below within one year of death. For Qualified Contracts, if mandatory distributions have already begun at the death of the Annuitant, the 5-year payout option is not available. SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY -- DOES NOT APPLY IF A NON-SPOUSE IS A JOINT OWNER) Within one year of your death, if your spouse is named as an owner and/or beneficiary, and you die before the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. If you were the Annuitant and your spouse elects to continue the Contract, your spouse will be named the Annuitant as of the Death Report Date. If your spouse elects to continue the Contract as Contract Owner, the death benefit will be calculated as of the Death Report Date. If the Contract Value is less than the calculated death benefit, the Contract Value will be increased to equal the death benefit. This amount is referred to as the adjusted Contract Value. Any difference between the Contract Value and the adjusted Contract Value will be allocated to the funding options in the same proportion as the allocations of the Contract prior to the Death Report Date. The terms and conditions that applied to the original Contract (including Contract fees and charges) will also apply to the continued Contract, with certain exceptions described in the Contract. All other benefits and features of your Contract will be based on your spouse's age on the Death Report Date as if your spouse had purchased the Contract with the adjusted Contract Value on the Death Report Date. This spousal contract continuance is available only once for each Contract. For purposes of the death benefit on the continued Contract, the death benefit will be calculated 32 the same as prior to continuance except all values used to calculate the death benefit, which may include a Step-Up Value or Roll-Up Death Benefit Value (depending on the optional benefit), are reset on the date the spouse continues the contract. Spousal continuation will not satisfy required minimum distribution rules for Qualified Contracts other than IRAs. In addition, because the contract proceeds must be distributed within the time periods required by the federal Internal Revenue Code, the right of a spouse to continue the contract, and all contract provisions relating to spousal continuation, are available only to a person who is defined as a "spouse" under the federal Defense of Marriage Act, or any other applicable federal law. Please consult a tax advisor before electing this option. BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES) If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the Death Report Date, (more than $1,000,000 is subject to Home Office approval), your beneficiary(ies) may elect to continue his/her portion of the Contract subject to applicable Internal Revenue Code distribution requirements, rather than receive the death benefit in a lump sum. If the beneficiary chooses to continue the Contract, the beneficiary can extend the payout phase of the Contract enabling the beneficiary to "stretch" the death benefit distributions out over his life expectancy as permitted by the Internal Revenue Code. If your beneficiary elects to continue the Contract, the death benefit will be calculated as of the Death Report Date. The initial Contract Value of the continued Contract (the "adjusted Contract Value") will equal the greater of the Contract Value or the death benefit calculated on the Death Report Date and will be allocated to the funding options in the same proportion as prior to the Death Report Date. If the adjusted Contract Value is allocated to the Variable Funding Options, the beneficiary bears the investment risk. The beneficiary who continues the Contract will be granted the same rights as the owner under the original Contract, except the beneficiary cannot: - transfer ownership - take a loan - make additional Purchase Payments The beneficiary may also name his/her own beneficiary ("succeeding beneficiary") and has the right to take withdrawals at any time after the Death Report Date. The E.S.P. option is not available to a beneficiary continuing the Contract under this provision. All other fees and charges applicable to the original Contract will also apply to the continued Contract; the E.S.P. charge no longer applies. All benefits and features of the continued Contract will be based on the beneficiary's age on the Death Report Date as if the beneficiary had purchased the Contract with the adjusted Contract Value on the Death Report Date. DEATH PROCEEDS AFTER THE MATURITY DATE If any Contract Owner or the Annuitant dies on or after the Maturity Date, the Company will pay the beneficiary a death benefit consisting of any benefit remaining under the annuity option then in effect. LIVING BENEFITS - -------------------------------------------------------------------------------- GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "PRINCIPAL GUARANTEE") For an additional charge, you may elect an optional rider for your Contract that provides a Guaranteed Minimum Withdrawal Benefit, or "GMWB". A GMWB rider is designed to protect your investment from poor market performance, as long as you do not withdraw more than a certain amount from your Contract each year. AVAILABILITY AND ELIGIBILITY We offer several different GMWB riders so that you can choose the level of benefits and costs that makes the most sense for you. This prospectus offers different GMWB riders, and the availability of each depends on when you purchase your Contract and your state of residence. The GMWB riders described in this 33 prospectus are called "GMWB I", "GMWB II", and "GMWB III" ; we may refer to any one of these as GMWB. The availability of each rider is shown below. CURRENTLY, YOU MAY ELECT A GMWB RIDER ONLY AT THE TIME OF YOUR INITIAL PURCHASE OF THE CONTRACT. REMAINING BENEFIT BASE ("RBB") For all GMWB riders, the amount of your investment that is guaranteed is called the "remaining benefit base" or "RBB." Your initial RBB is equal to your initial Purchase Payment. If you added the GMWB after the initial purchase of the Contract, the Initial RBB is the Contract Value on the date the GMWB was added. The RBB is not a lump sum guarantee, rather, it is the amount that we guarantee to return to you through a series of payments that annually do not exceed a percentage of your RBB. ANNUAL WITHDRAWAL BENEFIT ("AWB") The annual percentage of your RBB that is available for withdrawal is called the "annual withdrawal benefit" or "AWB". Each year you may take withdrawals that do not exceed your AWB until your RBB is depleted. Each year you may take your AWB monthly, annually, or on any payment schedule you request. You may take withdrawals in any dollar amount up to your AWB without affecting your guarantee. If you choose to receive only a part of, or none of, your AWB in any given year, your AWB in any subsequent year will not be increased. In that case you are choosing to deplete your RBB over a longer period of time. The AWB is a percentage of your RBB and depends on which GMWB rider you select. Your initial AWB is calculated as a percentage of the RBB immediately before your first withdrawal:
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- If you make your first 5% of RBB 5% of RBB 5% of RBB withdrawal before the 3rd anniversary after you purchase GMWB: - -------------------------------------------------------------------------------------------------------------- If you make your first 10% of RBB 10% of RBB 5% of RBB withdrawal on or after the 3(rd) anniversary after you purchase GMWB: - --------------------------------------------------------------------------------------------------------------
ADDITIONAL PREMIUM Currently, additional Purchase Payments serve to increase your RBB and AWB. After each Purchase Payment your new RBB equals your RBB immediately prior to the Purchase Payment plus the dollar amount of the Purchase Payment. Your new AWB is equal to the AWB immediately prior to the Purchase Payment, plus a percentage of the Purchase Payment. We use the same percentage as that used to calculate your original AWB as shown above. We reserve the right not to include additional Purchase Payments into the calculation of the RBB or AWB. WITHDRAWALS When you make a withdrawal, your AWB remains the same as long as the sum of all of your withdrawals since the most recent anniversary of your purchase or reset of GMWB (or "GMWB Anniversary"), including the current withdrawal, does not exceed your AWB immediately prior to the current withdrawal. In such case your RBB is decreased to equal the RBB immediately prior to the withdrawal, less the dollar amount of the current withdrawal. However, if you make a withdrawal so that the total of all your withdrawals since your GMWB anniversary, including the current withdrawal, exceeds your AWB immediately prior to the current withdrawal, we will recalculate both your RBB and AWB. The recalculation depends on which GMWB rider you select: IF YOU SELECT GMWB II OR GMWB III: - To recalculate your RBB, we reduce your RBB by the greater of the dollar amount of your withdrawal, or a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. 34 IF YOU PURCHASED GMWB I: - To recalculate your RBB, we reduce your RBB by a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. WITHDRAWAL EXAMPLES. The following examples are intended to illustrate the effect of withdrawals on your RBB and AWB, depending on which GMWB rider you select. The investment results shown are hypothetical and are not representative of past or future performance. Actual investment results may be more or less than those shown and will depend upon a number of factors, including the Variable Funding Options selected by you. The example does not reflect the deduction of fees and charges and applicable income taxes and penalties. Assume your initial RBB is $100,000, your age is less than 70, and you take a withdrawal of $10,000 after your first GMWB Anniversary: WITHDRAWAL EXAMPLE FOR GMWB II AND GMWB III
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- PARTIAL WITHDRAWAL N/A (100,000 x [5,000 x (1- N/A (100,000 x [5,000 x (1- REDUCTION 10,000/110,000) = 90,000/100,000)] = 10,000/90,000) = 88,889/100,000)] = (PWR) 9,091 500 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- GREATER OF PWR OR THE DOLLAR AMOUNT $10,000 $11,111 OF THE WITHDRAWAL (10,000>9,091) (11,111>10,000) - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $10,000 $500 $10,000 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- VALUE IMMEDIATELY AFTER WITHDRAWAL $100,000 $90,000 $4,500 $80,000 $88,889 $4,444 - -------------------------------------------------------------------------------------------------------------------------
WITHDRAWAL EXAMPLE FOR GMWB I
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY $90,909 $4,545 $88,889 $4,444 AFTER WITHDRAWAL [100,000 -- (100,000 [(5,000 [100,000 -- (100,000 [5,000 x $100,000 x10,000/110,000)] x90,909/100,000)] $80,000 x10,000/90,000)] (88,889/100,000)] - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $9,091 $455 $10,000 $11,111 $556 - -------------------------------------------------------------------------------------------------------------------------
35 TAX-QUALIFIED DISTRIBUTION PROGRAMS (GMWB II AND GMWB III ONLY). If you select GMWB II or GMWB III, subject to certain limitations and restrictions, your AWB will not incur a recalculation as a result of distributions taken under certain eligible Tax-Qualified Distribution Programs ("Tax-Qualified Distribution Programs"). Instead, such distributions will reduce the RBB by the amount of the withdrawal, and will not affect the AWB. For purposes of GMWB II and GMWB III, the following Tax-Qualified Distribution Programs are eligible. Only certain types of distribution methods are eligible as described below. Please consult with your tax adviser to make sure you are eligible: - Distributions intended to satisfy the required minimum distribution rules under Internal Revenue Code ("Code") Section 401(a)(9) and the Treasury Regulations promulgated thereunder, as applicable, to: - a qualified retirement plan (Code Section 401), - a tax-sheltered annuity (Code Section 403(b)), - an individual retirement account (Code Sections 408(a)), - an individual retirement annuity (Code Section 408(b)), or - a qualified deferred compensation plan (Code Section 457). Required minimum distribution must be calculated using the Uniform Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-2) and/or the Joint and Last Survivor Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-3), and for distributions where the employee (owner) dies before the entire interest is distributed as described in Code Section 401(a)(9)(B)(iii) calculated using the Single Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-1), as appropriate (each table as in effect as of January 1, 2004). - Distributions intended to satisfy the exception under Code Section 72(s)(2) to the required minimum distribution rules which apply after the death of the holder of a nonqualified annuity contract provided under Code Section 72(s)(1) for certain amounts payable over the life of a designated beneficiary; - Distributions intended to satisfy the exception under Code Section 72(t)(2)(A)(iv) from the 10% additional tax on early distributions from qualified retirement plans imposed by Code Section 72(t)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of such employee and his designated beneficiary, provided, however, the amount of the substantially equal periodic payments must be calculated under the required minimum distribution method set forth in the Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Revenue Ruling 2002-62, 2002-42 I.R.B. 710 (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program); or - Distributions intended to satisfy the exception under Code Section 72(q)(2)(D) from the 10% additional tax on early distributions from nonqualified annuity contracts imposed by Code Section 72(q)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the Beneficiary or the joint lives (or joint life expectancies) of such Beneficiary and his designated beneficiary, provided, however, the amount of the substantially equal periodic payment must be calculated under the required minimum distribution method set forth in Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Internal Revenue Bulletin 2004-9, Notice 2004-15, page 526. (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program). You are subject to the following limitations if you are taking distributions under a Tax-Qualified Distribution Program: - YOU MUST ENROLL IN OUR MANAGED DISTRIBUTION PROGRAM. If you do not enroll or if you cancel your enrollment, you can continue to make withdrawals under your GMWB rider, however your RBB and AWB may be subject to a recalculation. Under our Managed Distribution Program, you select the 36 frequency of payments. You may change the frequency of your payments only once every two years after your GMWB Anniversary, and you may only make the change during the 30-day period after your GMWB Anniversary. At the time you purchase GMWB, your initial frequency of payment must be annual if you did not take distributions pursuant to your Tax-Qualified Distribution Program at your previous financial institution, unless you turn age 70 1/2 before the first GMWB anniversary. You are advised to take your required distributions prior to purchasing GMWB in order to have the choice of taking your distributions on a monthly, quarterly, semi-annual or annual basis. If you do not take your distribution before purchasing GMWB, you will be limited to taking annual distributions for the first two Contract Years after which time you can choose an alternate mode of distribution. - ANY WITHDRAWALS OUTSIDE OF THE PROGRAM MAY DECREASE YOUR BENEFIT. All withdrawals under your Contract must be made pursuant to the Tax- Qualified Distribution Program during any 12-month period after an anniversary of your purchase of GMWB (a "GMWB Year"). If during any GMWB Year you take any additional withdrawals that are not made pursuant to the Program, you can continue to make withdrawals under your GMWB rider, however for the remainder of the GMWB Year your RBB and AWB may be subject to a partial withdrawal reduction. To avoid any partial withdrawal reduction, all withdrawals under your Contract must be made pursuant to your Tax-Qualified Distribution Program. RESET (GMWB I AND GMWB II ONLY). If you select GMWB I or GMWB II, you may choose to reset your RBB starting with the 5th year anniversary date of your GMWB purchase. In accordance with the terms of the rider we have established the following procedures for resets. If you elect to reset within 30 days prior to the end of the 5th contract year, your new RBB will be reset to equal your current Contract Value. If you do not reset on the 5th year anniversary, you will have the opportunity to elect to reset during the 30-day period prior to each anniversary following the date of your 5th year anniversary of your GMWB purchase. In the event that you elect a reset you will be eligible to reset your RBB again provided that 5 contract years have elapsed since the most recent reset, so long as your election is made during the 30-day period prior to the anniversary date of your GMWB purchase. Each time you reset your RBB, your new AWB will equal a percentage of your new RBB. The percentage used is the same percentage used to calculate your AWB before the reset. If you are age 95 and are taking withdrawals under a Tax-Qualified Distribution Program, you may not reset if you purchased GMWB II. Depending on your Contract Value and the current fee for GMWB, it may not be beneficial to reset your RBB. Generally, it may be beneficial to reset your RBB if your Contract Value exceeds your RBB. However, the charge may increase if you elect to reset the RBB. (In such cases, the charge will never exceed the guaranteed maximum charge.) Further, if you reset your RBB, your new AWB may be higher or lower than your current AWB. In addition, the length of time over which you can expect to receive your RBB will be reset. INVESTMENT RESTRICTIONS (GMWB II AND GMWB III ONLY) We reserve the right to restrict allocations to a Variable Funding Option or limit the percentage of Contract value that may be allocated to a Variable Funding Option at any time. If we do so we would provide you with asset allocation requirements, and we reserve the right to require periodic rebalancing of Contract value allocated to Variable Funding Options according to specified percentages. We will provide no less than 30 days advanced written notice if we exercise our right to restrict or limit allocations to a Variable Funding Option and/or require periodic rebalancing between Variable Funding Options. Our ability to restrict allocations to a Variable Funding Option may be different depending on your state. If we restrict allocations to a Variable Funding Option, as of the effective date of the restriction, we will no longer allow additional Purchase Payments to be applied, or transfers of Contract value to be allocated into the restricted Variable Funding Option. Any Contract value previously allocated to a restricted Variable Funding Option will not be subject to the restriction. If we impose a limit on the percentage of Contract value allocated to a Variable Funding Option, as of the effective date of the restriction, we will impose the limit on all subsequent allocations. GMWB CHARGE. The charge for your GMWB rider is different depending on which version of GMWB you choose. For all GMWB riders, the charge is deducted each business day from amounts held in each Variable Funding Option. 37 The current charge for each rider, on an annual basis, is shown below. Your current charge will not change unless you reset your benefits, at which time we may modify the charge. In such case the charge will never exceed 1.00%.
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- Current Annual Charge 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- Maximum Annual Charge After a 1.00% 1.00% N/A Reset - --------------------------------------------------------------------------------------------------------------
MAXIMUM RBB. Although we have no current plans to do so, in the future we may impose a maximum RBB. If we do, we would stop including additional Purchase Payments into the calculation of your RBB. If we impose a maximum RBB for Purchase Payments or reset, the maximum RBB will never be less than the cumulative Purchase Payments to which we have previously consented. Currently you must obtain our consent to purchase any RBB over $1 million. Purchase Payments under $1 million are not subject to a maximum RBB. TERMINATION. Once you purchase GMWB I, you cannot cancel it. If you select GMWB II or GMWB III, you may terminate your rider at any time after the 5(th) anniversary of your purchase of GMWB. Once you terminate a GMWB III rider, you cannot re-elect it. You must request your termination in writing. All GMWB riders terminate automatically when you reach the maturity date of your Contract, if your Contract is assigned, or if the rider is exchanged for a similar rider offered by us. OTHER INFORMATION ABOUT GMWB. If your Contract Value reaches zero, and you have purchased this benefit, the following will occur: - The AWB will continue to be paid to you until the RBB is depleted, not more frequently than monthly. Upon your death, your beneficiary will receive these payments. No other death benefit or optional benefit, if any, will be paid. - The total annual payment amount will equal the AWB and will never exceed your RBB, and - We will no longer accept subsequent Purchase Payments into the Contract. If a spouse or beneficiary continues this Contract upon your death, and you had elected GMWB, all terms and conditions of this benefit would apply to the new owner. Please refer to the Death Benefit section for information on how GMWB may impact your death benefit. COMPARISON OF IMPORTANT DIFFERENCES AMONG THE GMWB RIDERS The following chart may help you decide which version of GMWB is best for you. 38
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- AWB 5% of RBB if first 5% of RBB if first 5% of RBB withdrawal before 3(rd) withdrawal before 3(rd) anniversary 10% of RBB anniversary 10% of RBB if first withdrawal on if first withdrawal on or after 3(rd) or after 3(rd) anniversary anniversary - -------------------------------------------------------------------------------------------------------------- ANNUAL CHARGE 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- RESET Yes Yes No - -------------------------------------------------------------------------------------------------------------- CAN I CANCEL MY GMWB? No Yes, after the 5(th) Yes, after the 5(th) anniversary of GMWB anniversary of GMWB purchase purchase - -------------------------------------------------------------------------------------------------------------- INVESTMENT RESTRICTIONS No Yes Yes - -------------------------------------------------------------------------------------------------------------- WAIVER OF RECALCULATION OF AWB No Yes Yes FOR DISTRIBUTIONS FROM TAX- QUALIFIED PLANS - --------------------------------------------------------------------------------------------------------------
THE ANNUITY PERIOD - -------------------------------------------------------------------------------- MATURITY DATE Under the Contract, you can receive regular payments ("Annuity Payments"). You can choose the month and the year in which those payments begin ("Maturity Date"). You can also choose among payout options or elect a lump sum distribution. While the Annuitant is alive, you can change your selection any time up to the Maturity Date. Annuity Payments will begin on the Maturity Date stated in the Contract unless (1) you fully surrendered the Contract; (2) we paid the proceeds to the beneficiary before that date; or (3) you elected another date. Annuity Payments are a series of periodic payments (a) for life; (b) for life with a minimum number of payments assured; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. We may require proof that the Annuitant is alive before we make Annuity Payments. Not all options may be available in all states. Please be aware that once the Contract is annuitized, you are ineligible to receive the death benefit you have selected and any living benefit rider is terminated. You may choose to annuitize at any time after the first Contract Date anniversary. Unless you elect otherwise, the Maturity Date will be the Annuitant's 90(th) birthday or ten years after the effective date of the Contract, if later (this requirement may be changed by us). (For Contracts issued in Florida and New York, the Maturity Date you elect may not be later than the Annuitant's 90(th) birthday.) At least 30 days before the original Maturity Date, you may elect to extend the Maturity Date to any time prior to the Annuitant's 90th birthday or to a later date with our consent. You may use certain annuity options taken at the Maturity Date to meet the minimum required distribution requirements of federal tax law, or you may use a program of withdrawals instead. These mandatory distribution requirements take effect generally upon the death of the Contract Owner, or with certain Qualified Contracts upon either the later of the Contract Owner's attainment of age 70 1/2 or year of retirement; or the death of the Contract Owner. You should seek independent tax advice regarding the election of minimum required distributions. ALLOCATION OF ANNUITY You may elect to receive your Annuity Payments in the form of a variable annuity, a fixed annuity, or a combination of both. If, at the time Annuity Payments begin, you have not made an election, we will apply your Cash Surrender Value to provide an annuity funded by the same funding options as you have selected during the accumulation period. At least 30 days before the Maturity Date, you may transfer the Contract Value among the funding options in order to change the basis on which we will determine Annuity Payments. (See "Transfers.") 39 VARIABLE ANNUITY You may choose an annuity payout that fluctuates depending on the investment experience of the Variable Funding Options. We determine the number of Annuity Units credited to the Contract by dividing the first monthly Annuity Payment attributable to each Variable Funding Option by the corresponding Accumulation Unit value as of 14 days before the date Annuity Payments begin. We use an Annuity Unit to measure the dollar value of an Annuity Payment. The number of Annuity Units (but not their value) remains fixed during the annuity period. DETERMINATION OF FIRST ANNUITY PAYMENT. Your Contract contains the tables we use to determine your first monthly Annuity Payment. If you elect a variable annuity, the amount we apply to it will be the Cash Surrender Value as of 14 days before the date Annuity Payments begin, less any applicable premium taxes not previously deducted. The amount of your first monthly payment depends on the annuity option you elected and the Annuitant's adjusted age. Your Contract contains the formula for determining the adjusted age. We determine the total first monthly Annuity Payment by multiplying the benefit per $1,000 of value shown in the Contract tables by the number of thousands of dollars of Contract Value you apply to that annuity option. The Contract tables factor in an assumed daily net investment factor of 3.0%. We call this your net investment rate. Your net investment rate of 3% corresponds to an annual interest rate of 3%. This means that if the annualized investment performance, after expenses, of your Variable Funding Options is less than 3%, then the dollar amount of your variable Annuity Payments will decrease. However, if the annualized investment performance, after expenses, of your Variable Funding Options is greater than 3%, then the dollar amount of your variable Annuity Payments will increase. DETERMINATION OF SECOND AND SUBSEQUENT ANNUITY PAYMENTS. The dollar amount of all subsequent Annuity Payments changes from month to month based on the investment experience, as described above, of the applicable funding options. The total amount of each Annuity Payment will equal the sum of the basic payments in each funding option. We determine the actual amounts of these payments by multiplying the number of Annuity Units we credited to each funding option by the corresponding Annuity Unit value as of the date 14 days before the date the payment is due. FIXED ANNUITY You may choose a fixed annuity that provides payments that do not vary during the annuity period. We will calculate the dollar amount of the first fixed Annuity Payment as described under "Variable Annuity," except that the amount we apply to begin the annuity will be your Cash Surrender Value as of the date Annuity Payments begin. Payout rates will not be lower than that shown in the Contract. If it would produce a larger payment, the first fixed Annuity Payment will be determined using the Annuity Tables in effect on the Maturity Date. PAYMENT OPTIONS - -------------------------------------------------------------------------------- ELECTION OF OPTIONS While the Annuitant is alive, you can change your annuity option selection any time up to the Maturity Date. Once Annuity Payments have begun, no further elections are allowed. During the Annuitant's lifetime, if you do not elect otherwise before the Maturity Date, we will pay you (or another designated payee) the first of a series of monthly Annuity Payments based on the life of the Annuitant, in accordance with Annuity Option 2 (Life Annuity with 120 monthly payments assured). For certain Qualified Contracts, Annuity Option 4 (Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee) will be the automatic option as described in the Contract. (See "Annuity Options.") The minimum amount that can be placed under an annuity option will be $2,000 unless we agree to a lesser amount. If any monthly periodic payment due is less than $100, the Company reserves the right to make payments at less frequent intervals, or to pay the Contract Value in a lump-sum. On the Maturity Date, we will pay the amount due under the Contract in accordance with the payment option that you select. You may choose to receive a single lump-sum payment. You must elect an option in writing, in a form 40 satisfactory to the Company. Any election made during the lifetime of the Annuitant must be made by the Contract Owner. ANNUITY OPTIONS Subject to the conditions described in "Election of Options" above, we may pay all or any part of the Cash Surrender Value under one or more of the following annuity options. Payments under the annuity options are generally made on a monthly basis. We may offer additional options. Option 1 -- Life Annuity -- No Refund. The Company will make Annuity Payments during the lifetime of the Annuitant ending with the last payment before death. This option offers the maximum periodic payment, since there is no assurance of a minimum number of payments or provision for a death benefit for beneficiaries. Option 2 -- Life Annuity with 120, 180 or 240 Monthly Payments Assured. The Company will make monthly Annuity Payments during the lifetime of the Annuitant, with the agreement that if, at the death of that person, payments have been made for less than 120, 180 or 240 months, as elected, we will continue making payments to the beneficiary during the remainder of the period. Option 3 -- Joint and Last Survivor Life Annuity -- No Refund. The Company will make regular Annuity Payments during the lifetime of the Annuitant and a second person. When either person dies, we will continue making payments to the survivor. No further payments will be made following the death of the survivor. Option 4 -- Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee. The Company will make Annuity Payments during the lifetimes of the Annuitant and a second person. You will designate one as primary payee, and the other will be designated as secondary payee. On the death of the secondary payee, the Company will continue to make monthly Annuity Payments to the primary payee in the same amount that would have been payable during the joint lifetime of the two persons. On the death of the primary payee, the Company will continue to make Annuity Payments to the secondary payee in an amount equal to 50% of the payments, which would have been made during the lifetime of the primary payee. No further payments will be made once both payees have died. Option 5 -- Payments for a Fixed Period without Life Contingency. We will make periodic payments for the period selected. This option may not satisfy the minimum required distribution rules for Qualified Contracts. Consult a tax adviser before electing this option. Option 6 -- Other Annuity Options. We will make any other arrangements for Annuity Payments as may be mutually agreed upon. VARIABLE LIQUIDITY BENEFIT This benefit is only offered with the annuity option "Payments for a Fixed Period without Life Contingency." At any time after annuitization and before death, the Contract Owner may surrender and receive a payment equal to the present value of remaining certain payments. The interest rate used to calculate the present value is a rate 1% higher than the Assumed (Daily) Net Investment Factor used to calculate the Annuity Payments. The remaining period certain payments are assumed to be level payments equal to the most recent period certain payment prior to the request for this liquidity benefit. MISCELLANEOUS CONTRACT PROVISIONS - -------------------------------------------------------------------------------- RIGHT TO RETURN You may return the Contract for a full refund of the Contract Value plus any Contract charges and premium taxes you paid (but not any fees and charges the Underlying Fund assessed) within ten days after you receive it (the "right to return period"). You bear the investment risk of investing in the Variable Funding Options during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. 41 If you purchase the Contract as an Individual Retirement Annuity, and return it within the first seven days after delivery, or longer if your state law permits, we will refund your Purchase Payment in full; during the remainder of the right to return period, we will refund the Contract Value (including charges). We will determine the Contract Value following the close of the business day on which we receive your Contract and a Written Request for a refund. Where state law requires a different period, or the return of Purchase Payments or other variations of this provision, we will comply. Refer to your Contract for any state-specific information. TERMINATION We reserve the right to terminate the Contract on any business day if your Contract Value as of that date is less than $2,000 and you have not made Purchase Payments for at least two years, unless otherwise specified by state law. Accordingly, no Contract will be terminated due solely to negative investment performance. Termination will not occur until 31 days after we have mailed notice of termination to your last known address and to any assignee of record. If we terminate the Contract, we will pay you the Cash Surrender Value less any applicable taxes. In certain states, we may be required to pay you the Contract Value. Federal tax law may impose additional restrictions on our right to terminate your traditional IRA, Roth IRA or other Qualified Contract. REQUIRED REPORTS As often as required by law, but at least once in each Contract Year before the due date of the first Annuity Payment, we will furnish a report showing the number of Accumulation Units credited to the Contract and the corresponding Accumulation Unit value(s) as of the report date for each funding option to which the Contract Owner has allocated amounts during the applicable period. The Company will keep all records required under federal and state laws. SUSPENSION OF PAYMENTS The Company reserves the right to suspend or postpone the date of any payment or determination of values on any business day (1) when the New York Stock Exchange ("the Exchange") is closed; (2) when trading on the Exchange is restricted; (3) when an emergency exists, as determined by the SEC, so that the sale of securities held in the Separate Account may not reasonably occur, or so that the Company may not reasonably determine the value the Separate Account's net assets; or (4) during any other period when the SEC, by order, so permits for the protection of security holders. THE SEPARATE ACCOUNTS - -------------------------------------------------------------------------------- The Company sponsors MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. (See "The Insurance Company" ..) Both MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 were established on September 17, 2002 and are registered with the SEC as unit investment trusts under the Investment Company Act of 1940, as amended. We will invest Separate Account assets attributable to the Contracts exclusively in the shares of the Variable Funding Options. We anticipate merging MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 with and into another separate account of the Company (the MetLife of CT Separate Account Eleven for Variable Annuities) during the fourth quarter of 2008 at the earliest, subject to regulatory approval. This merger will have no effect on the provisions of, and the rights and obligations under, the Contract. Similarly, the merger will not have any adverse impact on your Contract Value or any tax consequences for you. We hold the assets of the Separate Account for the exclusive and separate benefit of the owners of each Separate Account, according to the laws of Connecticut. Income, gains and losses, whether or not realized, from assets 42 allocated to the Separate Account are, in accordance with the Contracts, credited to or charged against the Separate Account without regard to other income, gains and losses of the Company. The assets held by the Separate Account are not chargeable with liabilities arising out of any other business that we may conduct. Obligations under the Contract are obligations of the Company. Any obligations that exceed the assets in the Separate Account are payable by the Company's general account. The amount of the guaranteed death benefit that exceeds the Contract Value is paid from the Company's general account. Benefit amounts paid from the general account are subject to the financial strength and claims-paying ability of the Company. All investment income and other distributions of the funding options are payable to the Separate Account. We reinvest all such income and/or distributions in shares of the respective funding option at net asset value. Shares of the funding options are currently sold only to life insurance company separate accounts to fund variable annuity and variable life insurance contracts. Certain variable annuity separate accounts and variable life insurance separate accounts may invest in the funding options simultaneously (called "mixed" and "shared" funding). It is conceivable that in the future it may be disadvantageous to do so. Although the Company and the Variable Funding Options do not currently foresee any such disadvantages either to variable annuity contract owners or variable life policy owners, each Underlying Fund's Board of Directors intends to monitor events in order to identify any material conflicts between them and to determine what action, if any, should be taken. If a Board of Directors was to conclude that separate funds should be established for variable life and variable annuity separate accounts, the variable annuity contract owners would not bear any of the related expenses, but variable annuity contract owners and variable life insurance policy owners would no longer have the economies of scale resulting from a larger combined fund. We reserve the right to transfer assets of the Separate Account to another separate account, and/or to modify the structure or operation of the Separate Account, subject to the necessary regulatory approvals. If we do so, we guarantee that the modification will not affect your Contract Value. PERFORMANCE INFORMATION In advertisements for the Contract, we may include performance figures to show you how a Variable Funding Option has performed in the past. These figures are rates of return or yield quotations shown as a percent. These figures show past performance of a Variable Funding Option and are not an indication of how a Variable Funding Option will perform in the future. Our advertisements may show performance figures assuming that you do not elect any optional features such as the E.S.P. or GMWB. However, if you elect any of these optional features, they involve additional charges that will serve to decrease the performance of your Variable Funding Options. You may wish to speak with your registered representative to obtain performance information specific to the optional features you may wish to select. Performance figures for each Variable Funding Option are based in part on the performance of a corresponding Underlying Fund. In some cases, the Underlying Fund may have existed before the technical inception of the corresponding Variable Funding Option. In those cases, we can create "hypothetical historical performance" of a Variable Funding Option. These figures show the performance that the Variable Funding Option would have achieved had it been available during the entire history of the Underlying Fund. In a low interest rate environment, yields for money market Subaccounts, after deduction of the Mortality and Expense Risk Charge, Administrative Expense Charge and the charge for any optional benefit riders (if applicable), may be negative even though the Underlying Fund's yield, before deducting for such charges, is positive. If you allocate a portion of your Contract Value to a money market Subaccount or participate in an asset allocation program where Contract Value is allocated to a money market Subaccount under the applicable asset allocation model, that portion of your Contract Value may decrease in value. FEDERAL TAX CONSIDERATIONS - -------------------------------------------------------------------------------- The following general discussion of the federal income tax consequences related to your investment in this Contract is not intended to cover all situations, and is not meant to provide tax or legal advice. Because of the complexity of the law and the fact that the tax results will vary depending on many factors, you should consult your tax and/or 43 legal adviser regarding the tax implications of purchasing this Contract based upon your individual situation. For further tax information, an additional discussion of certain tax matters is contained in the SAI. You are responsible for determining whether your purchase of a Contract, withdrawals, income payments and any other transaction under your Contract satisfy applicable tax law. We are not responsible for determining if your employer's plan or arrangement satisfies the requirements of the Code and/or the Employee Retirement Income Security Act of 1974 (ERISA). GENERAL TAXATION OF ANNUITIES Congress has recognized the value of saving for retirement by providing certain tax benefits, in the form of tax deferral, for premiums paid under an annuity and permitting tax-free transfers between the various investment options offered under the Contract. The Internal Revenue Code ("Code") governs how earnings on your investment in the Contract are ultimately taxed, depending upon the type of contract, qualified or non-qualified, and the manner in which the money is distributed, as briefly described below. In analyzing the benefits of tax deferral it is important to note that the Jobs and Growth Tax Relief Reconciliation Act of 2003 amended Code Section 1 to reduce the marginal tax rates on long-term capital gains and dividends to 5% and 15%. The reduced rates apply during 2003 through 2008, and thereafter will increase to prior levels. Under current federal tax law, the taxable portion of distributions under variable annuity contracts and qualified plans (including IRAs) is not eligible for the reduced tax rate applicable to long-term capital gains and dividends. Earnings under annuity contracts, like interest payable on fixed investments (notes, bonds, etc.), continue to be taxed as ordinary income (top rate of 35%). The tax law provides deferred annuities issued after October 21, 1988 by the same insurance company or an affiliate in the same calendar year to the same owner are combined for tax purposes. As a result, a greater portion of your withdrawals may be considered taxable income than you would otherwise expect. Although the law is not clear, the aggregation rule may also adversely affect the tax treatment of payments received under an income annuity where the owner has purchased more than one non-qualified annuity during the same calendar year from the same or an affiliated company after October 21, 1988, and is not receiving income payments from all annuities at the same time. Please consult your own tax advisor. STATE AND LOCAL TAXES. The rules for state and local income taxes may differ from the federal income tax rules. Purchasers and prospective purchasers of the Contract should consult their own tax advisers and the law of the applicable taxing jurisdiction to determine what rules and tax benefits apply to the Contract. PENALTY TAX FOR PREMATURE DISTRIBUTIONS. For both Qualified and Non-qualified Contracts, taxable distributions taken before the Contract Owner has reached the age of 59 1/2 will be subject to a 10% additional tax penalty unless the distribution is taken in a series of periodic distributions, for life or life expectancy, or unless the distribution follows the death or disability of the Contract Owner. Other exceptions may be available in certain qualified plans. The 10% tax penalty is in addition to any other penalties that may apply under your Contract and the normal income taxes due on the distribution. TAX-FREE EXCHANGES. Code Section 1035 provides that, if certain conditions are met, no gain or loss is recognized when an annuity contract is received in exchange for a life insurance policy, endowment, or annuity contract. Since different annuity contracts have different expenses, fees and benefits, a tax- free exchange could result in your investment becoming subject to higher or lower fees and/or expenses. FEDERAL ESTATE TAXES. While no attempt is being made to discuss the federal estate tax implications of the Contract, you should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning adviser for more information. GENERATION-SKIPPING TRANSFER TAX. Under certain circumstances, the Code may impose a "generation-skipping transfer tax" when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Contract Owner. Regulations issued under the Code may require us to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS. 44 TYPES OF CONTRACTS: QUALIFIED AND NON-QUALIFIED QUALIFIED ANNUITY CONTRACTS If you purchase your Contract with proceeds of an eligible rollover distribution from any qualified employee pension plan or retirement savings plan or individual retirement annuity (IRA), your Contract is referred to as a Qualified Contract. Some examples of Qualified Contracts are: IRAs (including Roth IRAs), tax-sheltered annuities established by public school systems or certain tax- exempt organizations under Code Section 403(b), corporate sponsored pension, retirement savings, and profit-sharing plans (including 401(k) plans), Keogh Plans (for self-employed individuals), and certain other qualified deferred compensation plans. Another type of Qualified Contract is a Roth IRA, under which after-tax contributions accumulate until maturity, when amounts (including earnings) may be withdrawn tax-free. The rights and benefits under a Qualified Contract may be limited by the terms of the retirement plan, regardless of the terms and conditions of the Contract. Plan participants making contributions to Qualified Contracts will be subject to the required minimum distribution rules as provided by the Code and described below. All qualified plans (including IRAs) receive tax-deferral under the Code. Although there are no additional tax benefits to funding your qualified plan or IRA with an annuity, it does offer you additional insurance benefits, such as the availability of a guaranteed income for life. The Contract has been submitted to the IRS for review and is awaiting approval as to form as a valid IRA. Such approval would not constitute an IRS approval or endorsement of any funding options under the contract. IRS approval as to form is not required to constitute a valid IRA. Disqualification of the Contract as an IRA could result in the immediate taxation of amounts held in the Contract and other adverse tax consequences. TAXATION OF QUALIFIED ANNUITY CONTRACTS Under a qualified annuity, since amounts paid into the Contract generally have not yet been taxed, the full amount of any distributions (including the amount attributable to Purchase Payments), whether paid in the form of lump sum withdrawals or Annuity Payments, are generally taxed at ordinary income tax rates unless the distribution is transferred to an eligible rollover account or contract. There are special rules which govern the taxation of Qualified Contracts, including withdrawal restrictions, requirements for mandatory distributions, and contribution limits. Amounts rolled over to the Contract from other qualified funding vehicles generally are not subject to current taxation. MANDATORY DISTRIBUTIONS FOR QUALIFIED PLANS Federal tax law requires that minimum annual distributions begin by April 1st of the calendar year following the calendar year in which an IRA owner attains age 70 1/2. Participants in qualified plans and 403(b) annuities may defer minimum distributions until the later of April 1st of the calendar year following the calendar year in which they attain age 70 1/2 or the year of retirement (except for participants who are 5% or more owners of the plan sponsor). If you own more than one individual retirement annuity and/or account, you may satisfy the minimum distribution rules on an aggregate basis (i.e. determine the total amount of required distributions from all IRAs and take the required amount from any one or more IRAs). A similar aggregate approach is available to meet your 403(b) minimum distribution requirements if you have multiple 403(b) annuities. Recently promulgated Treasury regulations changed the distribution requirements; therefore, it is important that you consult your tax adviser as to the impact of these regulations on your personal situation. Final income tax regulations regarding minimum distribution requirements were released in June 2004. These regulations affect both deferred and income annuities. Under these new rules, effective with respect to minimum distributions required for the 2006 distribution year, in general, the value of all benefits under a deferred annuity (including death benefits in excess of cash value, including the Enhanced Stepped-Up Provision, as well as all living benefits such as GMAB and GMWB , if available in your contract) must be added to the Contract Value in computing the amount required to be distributed over the applicable period. We will provide you with additional information as to the amount of your interest in the Contract that is subject to required minimum distributions under this new rule and either compute the required amount for you or offer to do so at your request. The new rules are not entirely clear and you should consult your personal tax advisor as to how these rules affect your Contract. 45 MINIMUM DISTRIBUTIONS FOR BENEFICIARIES UPON THE CONTRACT OWNER'S DEATH: Upon the death of the Contract Owner and/or Annuitant of a Qualified Contract, the funds remaining in the Contract must be completely withdrawn within five years from the date of death or minimum distributions may be taken over the life expectancy of the individual beneficiaries (or in the case of certain trusts that are contract beneficiaries, over the life expectancy of the individuals who are the beneficiaries of the trust), provided such distributions are payable at least annually and begin within one year from the date of death. Special rules apply where the beneficiary is the surviving spouse, which allow the spouse to assume the Contract and defer the minimum distribution requirements. NOTE TO PARTICIPANTS IN QUALIFIED PLANS INCLUDING 401, 403(B), 408 OR 457, INCLUDING IRA OWNERS: While annual plan contribution limits may be increased from time to time by Congress and the IRS for federal income tax purposes, these limits must be adopted by each state for any higher limits to be effective at a state income tax level. In other words, the permissible contribution limits for federal and state income tax purposes may be different. Therefore, in certain states, a portion of the contributions may not be excludible or deductible from state income taxes. Please consult your employer or tax adviser regarding this issue. INDIVIDUAL RETIREMENT ANNUITIES To the extent of earned income for the year and not exceeding the applicable limit for the taxable year, an individual may make contributions, which in some cases may be deductible, to an individual retirement annuity (IRA). The applicable limit is $4,000 in 2007 and $5,000 in 2008, and it may be indexed for inflation in years after 2008. Additional "catch-up contributions" may be made to an IRA by individuals age 50 or over. There are certain limits on the deductible amount based on the adjusted gross income of the individual and spouse and on their participation in a retirement plan. If an individual is married and the spouse is not employed, the individual may establish IRAs for the individual and spouse. Purchase Payments may then be made annually into IRAs for both spouses in the maximum amount of 100% of earned income up to a combined limit based on the individual limits outlined above. Deductible contributions to an IRA and Roth IRA for the year must be aggregated for purposes of the individual Code Section 408A limits and the Code Section 219 limits (age 50+catch-up). Partial or full distributions are treated as ordinary income, except that amounts contributed after 1986 on a non-deductible basis are not includable in income when distributed. An additional tax of 10% will apply to any taxable distribution from the IRA that is received by the participant before the age of 59 1/2 except by reason of death, disability or as part of a series of payments for life or life expectancy. Distributions must commence by April 1st of the calendar year after the close of the calendar year in which the individual attains the age of 70 1/2. Certain other mandatory distribution rules apply on the death of the individual. The individual must maintain personal and tax return records of any non-deductible contributions and distributions. Section 408 (k) of the Code provides for the purchase of a Simplified Employee Pension (SEP) plan. A SEP is funded through an IRA and can accept an annual employer contribution limited to the lesser of $46,000 or 100% of pay for each participant in 2008. ROTH IRAS Effective January 1, 1998, Section 408A of the Code permits certain individuals to contribute to a Roth IRA. Eligibility to make contributions is based upon income, and the applicable limits vary based on marital status and/or whether the contribution is a rollover contribution from another IRA or an annual contribution. Contributions to a Roth IRA, which are subject to certain limitations, (similar to the annual limits for traditional IRAs), are not deductible and must be made in cash or as a rollover or transfer from another Roth IRA or other IRA. A conversion of "traditional" IRA to a Roth IRA may be subject to tax and other special rules apply. You should consult a tax adviser before combining any converted amounts with other Roth IRA contributions, including any other conversion amounts from other tax years. Qualified distributions from a Roth IRA are tax-free. A qualified distribution requires that the Roth IRA has been held for at least 5 years, and the distribution is made after age 59 1/2, on death or disability of the owner, or for a limited amount ($10,000) for a qualified first time home purchase for the owner or certain relatives. Income tax and a 10% penalty tax may apply to distributions made (1) before age 59 1/2 (subject to certain exceptions) or (2) during five taxable years starting with the year in which the first contribution is made to the Roth IRA. 46 TSAS (ERISA AND NON-ERISA) GENERAL. TSAs fall under sec.403(b) of the Code, which provides certain tax benefits to eligible employees of public school systems and organizations that are tax exempt under sec.501(c)(3) of the Code. In general contributions to sec.403(b) arrangements are subject to limitations under sec.415(c) of the Code (the lesser of 100% of includable compensation or the applicable limit for the year). Recently, the IRS announced new regulations affecting sec.403(b) plans and arrangements. As part of these regulations, employers will need to meet certain requirements in order for their employees' annuity contracts that fund these programs to retain a tax deferred status under sec.403(b). These regulations are generally effective January 1, 2009. Prior to the new rules, transfers of one annuity contract to another would not result in a loss of tax deferred status under sec.403(b) under certain conditions (so-called "90-24 transfers"). The new regulations have the following effect regarding transfers: (1) a newly issued contract funded by a transfer which is completed after September 24, 2007, is subject to the employer requirements referred to above; (2) additional purchase payments made after September 24, 2007, to a contract that was funded by a 90-24 transfer on or before September 24, 2007, may subject the contract to this new employer requirement. If your Contract was issued previously in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted). WITHDRAWALS AND INCOME PAYMENTS. If you are under 59 1/2, you cannot withdraw money from your TSA Contract unless the withdrawal: - Relates to Purchase Payments made prior to 1989 (and pre-1989 earnings on those Purchase Payments); - Is directly transferred to another permissible investment under sec.403(b) arrangements; - Relates to amounts that are not salary reduction elective deferrals; - Occurs after you die, leave your job or become disabled (as defined by the Code); or - Is for financial hardship (but only to the extent of Purchase Payments) if your plan allows it. DESIGNATED ROTH ACCOUNT FOR 403(B) PLANS. Effective January 1, 2006, employers that established and maintain a TSA/403(b) plan ("the Plan") may also establish a Qualified Roth Contribution Program under Section 402A of the Code ("Designated Roth Accounts") to accept after-tax contributions as part of the TSA plan. In accordance with our administrative procedures, we may permit these contributions to be made as purchase payments to a Section 403(b) Contract under the following conditions: (1) The employer maintaining the plan has demonstrated to our satisfaction that Designated Roth Accounts are permitted under the Plan. (2) In accordance with our administrative procedures, the amount of elective deferrals has been irrevocably designated as an after-tax contribution to the Designated Roth Account. (3) All state regulatory approvals have been obtained to permit the Contract to accept such after-tax elective deferral contributions (and, where permitted under the Qualified Roth Contribution Program and the Contract, rollovers and trustee-to-trustee transfers from other Designated Roth Accounts). (4) In accordance with our procedures and in a form satisfactory to us, we may accept rollovers from other funding vehicles under any Qualified Roth Contribution Program of the same type in which the employee participates as well as trustee-to-trustee transfers from other funding vehicles under the same Qualified Roth Contribution Program for which the participant is making elective deferral contributions to the Contract. (5) No other contribution types (including employer contributions, matching contributions, etc.) will be allowed as designated Roth contributions, unless they become permitted under the Code. (6) If permitted under the federal tax law, we may permit both pre-tax contributions under a 403(b) plan as well as after-tax contributions under the Plan's Qualified Roth Contribution Program to be made under the same Contract as well as rollover contributions and contributions by trustee-to-trustee transfers. In such 47 cases, we will account separately for the designated Roth contributions and the earnings thereon from the contributions and earnings made under the pre-tax TSA plan (whether made as elective deferrals, rollover contributions or trustee-to-trustee transfers). As between the pre-tax or traditional Plan and the Qualified Roth Contribution Program, we will allocate any living benefits or death benefits provided under the Contract on a reasonable basis, as permitted under the tax law. (7) We may refuse to accept contributions made as rollovers and trustee- to-trustee transfers, unless we are furnished with a breakdown as between participant contributions and earnings at the time of the contribution. Many of the federal income tax rules pertaining to Designated Roth Accounts have not yet been finalized. Both you and your employer should consult their own tax and legal advisors prior to making or permitting contributions to be made to a Qualified Roth Contribution Program. The following general tax rules are based on our understanding of the Code and any regulations issued through December 31, 2005, and are subject to change and to different interpretation as well as additional guidance in respect to areas not previously addressed: The employer must permit contributions under a pre-tax 403(b) plan in order to permit contributions to be irrevocably designated and made part of a Qualified Roth Contribution Program. Elective deferral contributions to the Designated Roth Account must be aggregated with all other elective deferral contributions made by a taxpayer for purposes of the individual Code Section 402(g) limits and the Code Section 414(v) limits (relating to age 50 and over catch-up contributions) as well as contribution limits that apply under the Plan. In general, the same tax law rules with respect to restricted monies, triggering events and permitted distributions will apply to the Designated Roth Accounts under the Plan as apply to the traditional pre-tax accounts under the plan (e.g., death or disability of participant, severance from employment, attainment of age 59 1/2 and hardship withdrawals only with respect to contributions (if permitted under the Plan)). If the amounts have been held under any Designated Roth Account of a participant for at least five years and are made on account of death, disability or after attainment of age 59 1/2, then any withdrawal, distribution or payment of these amounts is generally free of federal income tax ("Qualified Distributions"). Unlike Roth IRAs, withdrawal, distributions and payments that do not meet the five year rule will generally be taxed on a pro-rated basis with respect to earnings and after-tax contributions. The 10% penalty tax will generally apply on the same basis as a traditional pre-tax account under the Plan. Additionally, rollover distributions may only be made tax-free into another Designated Roth Account or into a Roth IRA. Some states may not permit contributions to be made to a Qualified Roth Contribution Program or may require additional conforming legislation for these rules to become effective. LOANS. If your TSA Contract permits loans, such loans will be made only from any Fixed Interest Account balance and only up to certain limits. In that case, we credit your Fixed Interest Account balance up to the amount of the outstanding loan balance with a rate of interest that is less than the interest rate we charge for the loan. The Code and applicable income tax regulations limit the amount that may be borrowed from your Contract and all you employer plans in the aggregate and also require that loans be repaid, at a minimum, in scheduled level payments over a proscribed term. Your Contract will indicate whether loans are permitted. The terms of the loan are governed by the Contract and loan agreement. Failure to satisfy loan limits under the Code or to make any scheduled payments according to the terms of your loan agreement and Federal tax law could have adverse tax consequences. Consult a tax advisor and read your loan agreement and Contract prior to taking any loan. NON-QUALIFIED ANNUITY CONTRACTS If you purchase the Contract on an individual basis with after-tax dollars and not under one of the programs described above, your Contract is referred to as non-qualified. As the owner of a non-qualified annuity, you do not 48 receive any tax benefit (deduction or deferral of income) on Purchase Payments, but you will not be taxed on increases in the value of your Contract until a distribution occurs -- either as a withdrawal made prior to the Maturity Date or in the form of periodic Annuity Payments. As a general rule, there is income in the Contract (earnings) to the extent the Contract Value exceeds your investment in the Contract. The investment in the Contract equals the total Purchase Payments less any amount received previously which was excludible from gross income. Generally, different tax rules apply to Annuity Payments than to withdrawals and payments received before the annuity starting date. When a withdrawal is made, you are taxed on the amount of the withdrawal that is considered earnings under federal tax laws. Similarly, when you receive an Annuity Payment, part of each periodic payment is considered a return of your Purchase Payments and will not be taxed, but the remaining portion of the Annuity Payment (i.e., any earnings) will be considered ordinary income for federal income tax purposes. Annuity Payments are subject to an "excludable amount" or "exclusion ratio" which determines how much of each payment is treated as: - a non-taxable return of your Purchase Payment; or - a taxable payment of earnings. We generally will tell you how much of each Annuity Payment is a non-taxable return of your Purchase Payments. However, it is possible that the IRS could conclude that the taxable portion of Annuity Payments under a non-qualified contract is an amount greater (or less) than the taxable amount determined by us and reported by us to you and the IRS. Generally, once the total amount treated as a non-taxable return of your Purchase Payments equals your Purchase Payments, then all remaining payments are fully taxable. We will withhold a portion of the taxable amount of your Annuity Payment for income taxes, unless you elect otherwise. The amount we withhold is determined by the Code. Code Section 72(s) requires that non-qualified annuity contracts meet minimum mandatory distribution requirements upon the death of the Contract Owner, including the death of either of the Joint Owners. If these requirements are not met, the Contract will not be treated as an annuity contract for federal income tax purposes and earnings under the Contract will be taxable currently, not when distributed. The distribution required depends, among other things, upon whether an annuity option is elected or whether the succeeding Contract Owner is the surviving spouse. We will administer contracts in accordance with these rules and we will notify you when you should begin receiving payments. There is a more complete discussion of these rules in the SAI. If a non-qualified annuity is owned by a non-natural person (e.g., a corporation), increases in the value of the Contract attributable to Purchase Payments made after February 28, 1986 are includable in income annually and taxed at ordinary income tax rates. Furthermore, for contracts issued after April 22, 1987, if the Contract is transferred to another person or entity without adequate consideration, all deferred increases in value will be treated as income for federal income tax purposes at the time of the transfer. PARTIAL WITHDRAWALS: If you make a partial withdrawal of your Contract Value, the distribution generally will be taxed as first coming from earnings (income in the Contract) and then from your Purchase Payments. These withdrawn earnings are includable in your taxable income. (See "Penalty Tax for Premature Distributions" below.) Any direct or indirect borrowing against the value of the Contract or pledging of the Contract as security for a loan will be treated as a cash distribution under the tax law, and will have tax consequences in the year taken. It should be noted that there is no guidance as to the determination of the amount of income in a Contract if it is issued with a Guaranteed Minimum Withdrawal Benefit (GMWB). Therefore, you should consult with your tax adviser as to the potential tax consequences of a partial surrender if your Contract is issued with a GMWB. PARTIAL ANNUITIZATIONS (IF AVAILABLE WITH YOUR CONTRACT): At the present time the IRS has not approved the use of an exclusion ratio or exclusion amount when only part of your Contract Value is applied to a payment option. Currently, we will treat the application of less than your entire Contract Value under a Non- qualified Contract to a payment option (i.e. taking Annuity Payments) as a taxable withdrawal for federal income tax purposes (which may also be subject to the 10% penalty tax if you are under age 59 1/2). We will then treat the amount of the withdrawal (after any deductions for taxes) as the purchase price of an income annuity and tax report the income payments received under that annuity under the rules for variable income annuities. Consult your tax attorney prior to partially annuitizing your Contract. 49 We will determine the excludable amount for each income payment under the Contract as a whole by using the rules applicable to variable income payments in general (i.e. by dividing your after-tax purchase price, as adjusted for any refund or guarantee feature, by the number of expected income payments from the appropriate IRS table). However, the IRS may determine that the excludable amount is different from our computation. DIVERSIFICATION REQUIREMENTS FOR VARIABLE ANNUITIES The Code requires that any non-qualified variable annuity contracts based on a Separate Account must meet specific diversification standards. Non-qualified variable annuity contracts shall not be treated as an annuity for federal income tax purposes if investments made in the account are not adequately diversified. Final tax regulations define how Separate Accounts must be diversified. The Company constantly monitors the diversification of investments and believes that its accounts are adequately diversified. The consequence of any failure to diversify is essentially the loss to the Contract Owner of tax-deferred treatment, requiring the current inclusion of a proportionate share of the income and gains from the Separate Account assets in the income of each Contract Owner. The Company intends to administer all contracts subject to this provision of law in a manner that will maintain adequate diversification. OWNERSHIP OF THE INVESTMENTS In certain circumstances, owners of variable annuity contracts have been considered to be the owners of the assets of the underlying Separate Account for federal income tax purposes due to their ability to exercise investment control over those assets. When this is the case, the Contract Owners have been currently taxed on income and gains attributable to the Separate Account assets. There is little guidance in this area, and some features of the Contract, such as the number of funds available and the flexibility of the Contract Owner to allocate premium payments and transfer amounts among the funding options, have not been addressed in public rulings. While we believe that the Contract does not give the Contract Owner investment control over Separate Account assets, we reserve the right to modify the Contract as necessary to prevent a Contract Owner from being treated as the owner of the Separate Account assets supporting the Contract. TAXATION OF DEATH BENEFIT PROCEEDS Amounts may be distributed from a Non-qualified Contract because of the death of an owner or Annuitant. Generally, such amounts are includable in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as a full surrender of the Contract; or (ii) if distributed under a payment option, they are taxed in the same way as Annuity Payments. OTHER TAX CONSIDERATIONS TREATMENT OF CHARGES FOR OPTIONAL BENEFITS The Contract may provide one or more optional enhanced death benefits or other minimum guaranteed benefit that in some cases may exceed the greater of purchase price or the Contract Value. It is possible that the Internal Revenue Service may take the position that the charges for the optional enhanced benefit(s) are deemed to be taxable distributions to you. Although we do not believe that a charge under such optional enhanced benefit should be treated as a taxable withdrawal, you should consult with your tax adviser before selecting any rider or endorsement to the Contract. GUARANTEED MINIMUM WITHDRAWAL BENEFITS If you have purchased the Guaranteed Minimum Withdrawal Benefit Rider, where otherwise made available, note the following: The tax treatment of withdrawals under such a benefit is uncertain. It is conceivable that the amount of potential gain could be determined based on the remaining amounts guaranteed to be available for withdrawal at the time of the withdrawal if greater than the Contract Value. This could result in a greater amount of taxable income in certain cases. In general, at the present time, the Company intends to tax report such withdrawals using the Contract Value rather than the remaining benefit to determine gain. However, in cases where the maximum permitted withdrawal in 50 any year under any version of the GMWB exceeds the Contract Value, the portion of the withdrawal treated as taxable gain (not to exceed the amount of the withdrawal) should be measured as the difference between the maximum permitted withdrawal amount under the benefit and the remaining after-tax basis immediately preceding the withdrawal. In the event that the Contract Value goes to zero, and the Remaining Benefit Base is paid out in fixed installments, we will treat such payments as income annuity payments under the tax law and allow recovery of any remaining basis ratably over the expected number of payments. The Company reserves the right to change its tax reporting practices where it determines they are not in accordance with IRS guidance (whether formal or informal). PUERTO RICO TAX CONSIDERATIONS The Puerto Rico Internal Revenue Code of 1994 (the "1994 Code") taxes distributions from non-qualified annuity contracts differently than in the U.S. Distributions that are not in the form of an annuity (including partial surrenders and period certain payments) are treated under the 1994 Code first as a return of investment. Therefore, a substantial portion of the amounts distributed generally will be excluded from gross income for Puerto Rico tax purposes until the cumulative amount paid exceeds your tax basis. The amount of income on annuity distributions (payable over your lifetime) is also calculated differently under the 1994 Code. Since Puerto Rico residents are also subject to U.S. income tax on all income other than income sourced to Puerto Rico and the Internal Revenue Service issued guidance in 2004 which indicated that the income from an annuity contract issued by a U.S. life insurer would be considered U.S. source income, the timing of recognition of income from an annuity contract could vary between the two jurisdictions. Although the 1994 Code provides a credit against the Puerto Rico income tax for U.S. income taxes paid, an individual may not get full credit because of the timing differences. You should consult with a personal tax adviser regarding the tax consequences of purchasing an annuity contract and/or any proposed distribution, particularly a partial distribution or election to annuitize. NON-RESIDENT ALIENS Distributions to non resident aliens ("NRAs") are subject to special and complex tax and withholding rules under the Code with respect to U.S. source income, some of which are based upon the particular facts and circumstances of the Contract Owner, the beneficiary and the transaction itself. As stated above, the IRS has taken the position that income from the Contract received by NRAs is considered U.S. source income. In addition, Annuity Payments to NRAs in many countries are exempt from U.S. tax (or subject to lower rates) based upon a tax treaty, provided that the Contract Owner complies with the applicable requirements. NRAs should seek guidance from a tax adviser regarding their personal situation. TAX CREDITS AND DEDUCTIONS The Company may be entitled to certain tax benefits related to the assets of the Separate Account. These tax benefits, which may include foreign tax credits and corporate dividend received deductions, are not passed back to the Separate Account or to Contract Owners since the Company is the owner of the assets from which the tax benefits are derived. OTHER INFORMATION - -------------------------------------------------------------------------------- THE INSURANCE COMPANY Please refer to your Contract to determine which Company issued your Contract. MetLife Insurance Company of Connecticut is a stock insurance company chartered in 1863 in Connecticut and continuously engaged in the insurance business since that time. It is licensed to conduct life insurance business in all states of the United States, the District of Columbia, Puerto Rico, Guam, the U.S. and British Virgin Islands and the Bahamas. The Company is a wholly-owned subsidiary of MetLife, Inc., a publicly-traded company. MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and 51 institutional customers. The Company's Home Office is located at One Cityplace, Hartford, Connecticut 06103-3415. Before December 7, 2007, certain of the Contracts were issued by MetLife Life and Annuity Company of Connecticut, a stock life insurance company chartered in 1973 in Connecticut. These Contracts were funded through MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002, a separate account registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended. On December 7, 2007, MLACC, a wholly-owned subsidiary of the Company and an indirect, wholly-owned subsidiary of MetLife, Inc., merged with and into the Company. Upon consummation of the merger, MLACC's corporate existence ceased by operation of law, and the Company assumed legal ownership of all of the assets of MLACC, including MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 and its assets. Pursuant to the merger, therefore, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 became a separate account of the Company. As a result of the merger, the Company also has become responsible for all of MLACC's liabilities and obligations, including those created under the Contract as initially issued by MLACC (formerly known as The Travelers Life and Annuity Company) and outstanding on the date of the merger. The Contract has thereby become a variable contract funded by a separate account of the Company, and each owner thereof has become a Contract Owner of the Company. FINANCIAL STATEMENTS The financial statements for the Company and its Separate Account MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 are located in the Statement of Additional Information. The financial statements for the Separate Account MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 are attached. DISTRIBUTION OF VARIABLE ANNUITY CONTRACTS DISTRIBUTION AND PRINCIPAL UNDERWRITING AGREEMENT. MetLife Insurance Company of Connecticut (the "Company") has appointed MetLife Investors Distribution Company ("MLIDC") to serve as the principal underwriter and distributor of the securities offered through this Prospectus, pursuant to the terms of a Distribution and Principal Underwriting Agreement. MLIDC, which is an affiliate of the Company, also acts as the principal underwriter and distributor of other variable annuity contracts and variable life insurance policies issued by the Company and its affiliated companies. The Company reimburses MLIDC for expenses MLIDC incurs in distributing the Contracts (e.g. commissions payable to retail broker-dealers who sell the Contracts). MLIDC does not retain any fees under the Contracts; however, MLIDC may receive 12b-1 fees from the Underlying Funds. MLIDC's principal executive offices are located at 5 Park Plaza, Suite 1900, Irvine, California 92614. MLIDC is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as well as the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority (FINRA). An investor brochure that includes information describing FINRA's Public Disclosure Program is available by calling FINRA's Public Disclosure Program hotline at 1- 800-289-9999, or by visiting FINRA's website at www.finra.org. MLIDC and the Company enter into selling agreements with affiliated and unaffiliated broker-dealers who are registered with the SEC and are members of FINRA, and with entities that may offer the Contracts but are exempt from registration. Applications for the Contract are solicited by registered representatives who are associated persons of such affiliated or unaffiliated broker-dealer firms. Such representatives act as appointed agents of the Company under applicable state insurance law and must be licensed to sell variable insurance products. The Company intends to offer the Contract in all jurisdictions where it is licensed to do business and where the Contract is approved. The Contracts are offered on a continuous basis. COMPENSATION. Broker-dealers who have selling agreements with MLIDC and the Company are paid compensation for the promotion and sale of the Contracts. Registered representatives who solicit sales of the Contract typically receive a portion of the compensation payable to the broker-dealer firm. The amount the registered representative receives depends on the agreement between the firm and the registered representative. This agreement may also provide for the payment of other types of cash and non-cash compensation and other benefits. A broker- dealer firm 52 or registered representative of a firm may receive different compensation for selling one product over another and/or may be inclined to favor one product provider over another product provider due to differing compensation rates. We generally pay compensation as a percentage of purchase payments invested in the Contract. Alternatively, we may pay lower compensation on purchase payments but pay periodic asset-based compensation based on all or a portion of the Contract Value. The amount and timing of compensation may vary depending on the selling agreement but is not expected to exceed 7.50% of Purchase Payments (if up-front compensation is paid to registered representatives) and up to 1.50% annually of average Contract Value (if asset-based compensation is paid to registered representatives). We pay American Funds Distributors, Inc., principal underwriter for the American Funds Insurance Series, a percentage of all Purchase Payments allocated to the funds in the American Funds Insurance Series for services it provides in marketing the Funds' shares in connection with the Contract. The Company and MLIDC have also entered into preferred distribution arrangements with certain broker-dealer firms. These arrangements are sometimes called "shelf space" arrangements. Under these arrangements, the Company and MLIDC pay separate, additional compensation to the broker-dealer firm for services the broker-dealer provides in connection with the distribution of the Company's products. These services may include providing the Company with access to the distribution network of the broker-dealer, the hiring and training of the broker-dealer's sales personnel, the sponsoring of conferences and seminars by the broker-dealer, or general marketing services performed by the broker-dealer. The broker-dealer may also provide other services or incur other costs in connection with distributing the Company's products. These preferred distribution arrangements will not be offered to all broker- dealer firms and the terms of such arrangements may differ between broker-dealer firms. Compensation payable under such arrangements may be based on aggregate, net or anticipated sales of the Contracts, total assets attributable to sales of the Contract by registered representatives of the broker-dealer firm or based on the length of time that a Contract Owner has owned the Contract. Any such compensation payable to a broker-dealer firm will be made by MLIDC or the Company out of their own assets and will not result in any additional direct charge to you. Such compensation may cause the broker-dealer firm and its registered representatives to favor the Company's products. The Company and MLIDC have entered into a preferred distribution arrangement with their affiliate Tower Square Securities, Inc. and with the unaffiliated broker-dealer firms identified in the Statement of Additional Information. The Company and MLIDC may enter into similar arrangements with their other affiliates MetLife Securities, Inc., Walnut Street Securities, Inc., and New England Securities Corporation. See the "Statement of Additional Information -- DISTRIBUTION AND PRINCIPAL UNDERWRITING AGREEMENT" for a list of the broker-dealer firms that received such additional compensation during 2007, as well as the range of additional compensation paid. The Company and MLIDC have entered into selling agreements with certain broker- dealer firms that have an affiliate that acts as investment adviser or sub- adviser to one or more Underlying Funds that may be offered under the Contracts. These investment advisory firms include Fidelity Management & Research Company, Morgan Stanley Investment Advisers Inc., MetLife Investment Funds Management LLC, MetLife Advisers, LLC and Met Investors Advisory LLC. MetLife Investment Funds Management LLC, MetLife Advisers LLC and Met Investors Advisory LLC are affiliates of the Company. Registered representatives of broker-dealer firms with an affiliated company acting as an adviser or a sub-adviser may favor these Funds when offering the Contracts. SALE BY AFFILIATES OF THE COMPANY. The Company and MLIDC may offer the Contracts through retail broker-dealer firms that are affiliates of the Company, including Tower Square Securities, Inc., MetLife Securities, Inc. and/or Metropolitan Life Insurance Company, Walnut Street Securities, Inc. and New England Securities Corporation. The compensation paid to affiliated broker-dealer firms for sales of the Contracts is generally not expected to exceed, on a present value basis, the percentages described above. These broker-dealer firms pay their registered representatives all or a portion of the commissions received for their sales of Contracts; some firms may retain a portion of commissions. The amount the broker dealer firms pass on to their registered representatives is determined in accordance with their internal compensation programs. These programs may also include other types of cash compensation, such as bonuses, equity awards (such as stock options), training allowances, supplementary salary, financing arrangements, marketing support, medical and other insurance benefits, retirement benefits, and other benefits. For registered representatives of certain affiliates, the amount of this additional cash compensation is based primarily on the amount of proprietary products sold and serviced by the representative. Proprietary products are those issued by the Company or its affiliates. The managers who supervise these registered representatives may also 53 be entitled to additional cash compensation based on the sale of proprietary products by their representatives. Because the additional cash compensation paid to these registered representatives and their managers is primarily based on sales of proprietary products, these registered representatives and their managers have an incentive to favor the sale of proprietary products over other products issued by non-affiliates. MetLife registered representatives receive cash payments for the products they sell and service based upon a 'gross dealer concession' model. The cash payment is equal to a percentage of the gross dealer concession. For MetLife registered representatives other than those in our MetLife Resources (MLR) Division, the percentage is determined by a formula that takes into consideration the amount of premiums and purchase payments applied to proprietary products that the registered representative sells and services. The percentage could be as high as 100%. (MLR registered representatives receive compensation based upon premiums and purchase payments applied to all products sold and serviced by the representative.) In addition, all MetLife registered representatives are entitled to the additional compensation described above based on sales of proprietary products. Because sales of proprietary products are a factor determining the percentage of gross dealer concession and/or the amount of additional compensation to which MetLife registered representatives are entitled, they have an incentive to favor the sale of proprietary products. In addition, because their sales managers' compensation is based on the sales made by the representatives they supervise, these sales managers also have an incentive to favor the sale of proprietary products. The Company's affiliates also offer their registered representatives and their managers non-cash compensation incentives, such as conferences, trips, prizes and awards. Other non-cash compensation payments may be made for other services that are not directly related to the sale of products. These payments may include support services in the form of recruitment and training of personnel, production of promotional materials and similar services. CONFORMITY WITH STATE AND FEDERAL LAWS The laws of the state in which we deliver a contract govern that Contract. Where a state has not approved a contract feature or funding option, it will not be available in that state. Any paid-up annuity, Cash Surrender Value or death benefits that are available under the Contract are not less than the minimum benefits required by the statutes of the state in which we delivered the Contract. We reserve the right to make any changes, including retroactive changes, in the Contract to the extent that the change is required to meet the requirements of any law or regulation issued by any governmental agency to which the Company, the Contract or the Contract Owner is subject. VOTING RIGHTS The Company is the legal owner of the shares of the Underlying Funds. However, we believe that when an Underlying Fund solicits proxies in conjunction with a vote of shareholders we are required to obtain from you and from other owners instructions on how to vote those shares. We will vote all shares, including those we may own on our own behalf, and those where we have not received instructions from Contract Owners, in the same proportion as shares for which we received voting instructions. The effect of this proportional voting is that a small number of Contract Owners may control the outcome of a vote. Should we determine that we are no longer required to comply with the above, we will vote the shares in our own right. In certain limited circumstances, and when permitted by law, we may disregard voting instructions. If we do disregard voting instructions, a summary of that action and the reasons for such action would be included in the next annual report to Contract Owners. RESTRICTIONS ON FINANCIAL TRANSACTIONS Federal laws designed to counter terrorism and prevent money laundering might, in certain circumstances, require us to block a Contract Owner's ability to make certain transactions and thereby refuse to accept any request for transfers, withdrawals, surrenders, or death benefits, until the instructions are received from the appropriate regulator. We may also be required to provide additional information about you and your Contract to government regulators. LEGAL PROCEEDINGS In the ordinary course of business, the Company, similar to other life insurance companies, is involved in lawsuits (including class action lawsuits), arbitrations and other legal proceedings. Also, from time to time, state and federal regulators or other officials conduct formal and informal examinations or undertake other actions dealing with 54 various aspects of the financial services and insurance industries. In some legal proceedings involving insurers, substantial damages have been sought and/or material settlement payments have been made. It is not possible to predict with certainty the ultimate outcome of any pending legal proceeding or regulatory action. However, the Company does not believe any such action or proceeding will have a material adverse effect upon the Separate Account or upon the ability of MLIDC to perform its contract with the Separate Account or of the Company to meet its obligations under the Contracts. 55 THIS PAGE INTENTIONALLY LEFT BLANK. APPENDIX A - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE INSURANCE COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are included in the Statement of Additional Information ("SAI"). The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.439 1.405 -- 2005 1.274 1.439 21,094 2004 1.196 1.274 23,193 2003 1.000 1.196 2,000 American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 2.036 2.299 165,006 2006 1.720 2.036 207,504 2005 1.533 1.720 217,320 2004 1.374 1.533 161,675 2003 1.000 1.374 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.851 2.044 311,299 2006 1.708 1.851 394,469 2005 1.495 1.708 443,685 2004 1.352 1.495 308,855 2003 1.000 1.352 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.691 1.746 295,448 2006 1.493 1.691 362,807 2005 1.435 1.493 409,651 2004 1.322 1.435 246,724 2003 1.000 1.322 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.693 1.675 -- 2005 1.457 1.693 251,484 2004 1.240 1.457 84,254 2003 1.000 1.240 5,000
A-1 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.772 2.310 -- 2005 1.681 1.772 160,949 2004 1.302 1.681 117,977 2003 1.000 1.302 2,000 Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.473 1.551 73,429 2006 1.286 1.473 76,153 2005 1.253 1.286 22,828 2004 1.213 1.253 6,813 2003 1.000 1.213 3,000 Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.544 1.350 41,315 2006 1.514 1.544 65,366 2005 1.455 1.514 82,966 2004 1.329 1.455 88,422 2003 1.000 1.329 3,000 FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.306 1.420 -- 2005 1.206 1.306 158,145 2004 1.074 1.206 128,750 2003 1.000 1.074 1,000 FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.304 1.453 -- 2005 1.204 1.304 113,935 2004 1.067 1.204 87,484 2003 1.000 1.067 1,000 Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.818 2.097 166,814 2006 1.660 1.818 199,994 2005 1.447 1.660 195,109 2004 1.278 1.447 54,344 2003 1.000 1.278 16,154 VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.657 1.738 -- 2006 1.480 1.657 4,681 2005 1.248 1.480 37,664 2004 1.253 1.248 4,047 2003 1.000 1.253 1,000
A-2 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.269 2.573 111,016 2006 2.053 2.269 180,087 2005 1.769 2.053 183,765 2004 1.444 1.769 49,698 2003 1.000 1.444 2,000 Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.522 1.772 -- 2005 1.400 1.522 96,369 2004 1.265 1.400 42,052 2003 1.000 1.265 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.796 3.539 183,067 2006 2.220 2.796 222,411 2005 1.772 2.220 188,492 2004 1.445 1.772 72,179 2003 1.000 1.445 1,000 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.123 2.409 80,598 2006 1.778 2.123 110,480 2005 1.641 1.778 52,829 2004 1.408 1.641 29,598 2003 1.000 1.408 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.689 2.022 -- 2005 1.578 1.689 256,644 2004 1.383 1.578 102,140 2003 1.000 1.383 1,000 High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.064 1.087 -- 2005 1.068 1.064 66,166 2004 1.000 1.068 32,368 Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.266 1.307 -- 2005 1.196 1.266 -- 2004 1.123 1.196 3,000 2003 1.000 1.123 3,000
A-3 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.561 1.867 -- 2006 1.493 1.561 -- 2005 1.352 1.493 -- 2004 1.204 1.352 1,000 2003 1.000 1.204 1,000 Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.642 1.964 26,137 2006 1.548 1.642 12,808 2005 1.412 1.548 12,975 2004 1.428 1.412 23,120 2003 1.000 1.428 1,000 Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.597 1.717 -- 2006 1.377 1.597 -- 2005 1.327 1.377 -- 2004 1.291 1.327 2,000 2003 1.000 1.291 2,000 Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.540 1.726 -- 2005 1.506 1.540 52,538 2004 1.333 1.506 28,794 2003 1.000 1.333 1,000 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.713 1.650 20,923 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.563 1.617 8,652 LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.590 1.641 303,773 2006 1.405 1.590 355,234 2005 1.371 1.405 429,296 2004 1.265 1.371 221,268 2003 1.000 1.265 22,369 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.847 1.768 10,462 LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.757 1.795 22,001 2006 1.511 1.757 26,277 2005 1.443 1.511 26,301 2004 1.329 1.443 22,578 2003 1.000 1.329 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.505 1.505 33,118
A-4 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.984 2.146 18,329 2006 1.790 1.984 17,700 2005 1.735 1.790 19,709 2004 1.533 1.735 19,127 2003 1.000 1.533 1,000 LMPVET Social Awareness Subaccount (5/04).......... 2007 1.175 1.281 30,233 2006 1.109 1.175 30,233 2005 1.081 1.109 63,863 2004 1.000 1.081 39,987 Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.023 1.019 46,670 2006 0.999 1.023 129,430 2005 0.993 0.999 121,214 2004 0.998 0.993 78,287 2003 1.000 0.998 1,000 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.780 1.867 -- 2006 1.533 1.780 8,265 2005 1.499 1.533 17,889 2004 1.407 1.499 43,615 2003 1.000 1.407 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.454 1.514 -- 2006 1.419 1.454 39,221 2005 1.372 1.419 42,695 2004 1.388 1.372 21,474 2003 1.000 1.388 1,000 Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.695 1.754 -- 2006 1.552 1.695 24,953 2005 1.437 1.552 38,828 2004 1.339 1.437 59,070 2003 1.000 1.339 2,000 LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.546 1.614 -- 2006 1.399 1.546 8,527 2005 1.373 1.399 8,618 2004 1.288 1.373 3,086 2003 1.000 1.288 1,000
A-5 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.610 1.673 -- 2006 1.396 1.610 158,717 2005 1.376 1.396 136,704 2004 1.242 1.376 87,047 2003 1.000 1.242 2,000 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.800 1.983 -- 2006 1.631 1.800 101,648 2005 1.533 1.631 143,379 2004 1.257 1.533 83,158 2003 1.000 1.257 2,000 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.099 1.133 -- 2005 1.076 1.099 82,353 2004 1.000 1.076 73,762 Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.777 1.852 119,134 2006 1.867 1.777 135,276 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.370 1.384 105,906 2006 1.300 1.370 71,560 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.715 1.798 -- 2006 1.621 1.715 214,925 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.783 1.795 207,866 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.198 1.166 9,533 2006 1.125 1.198 24,666 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 2.057 2.005 48,102 2006 1.868 2.057 96,411 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.716 2.201 305,475 2006 1.675 1.716 332,053 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.211 1.072 8,074 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.197 1.251 65,145 2006 1.133 1.197 58,007 MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.378 1.448 2,344 2006 1.316 1.378 8,867
A-6 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.077 1.101 321,380 2006 1.001 1.077 168,738 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.484 1.633 23,986 2006 1.503 1.484 24,656 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.225 1.341 -- 2006 1.235 1.225 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.352 2.468 8,648 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.398 1.480 18,631 2006 1.266 1.398 30,990 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.219 1.021 191,214 2006 1.003 1.219 277,624 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.139 1.206 144,461 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.576 1.627 32,877 2006 1.467 1.576 32,358 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.109 1.224 -- 2006 1.055 1.109 1,358 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.165 1.221 220,734 2006 1.125 1.165 248,838 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.028 0.980 543,249 2006 1.003 1.028 235,827 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.550 1.834 34,749 2006 1.588 1.550 35,581 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.077 1.126 68,288 2006 1.038 1.077 87,523 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.027 1.061 345,091 2006 1.006 1.027 411,248 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.433 1.464 71,390 2006 1.415 1.433 71,358 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.580 1.617 113,183 2006 1.542 1.580 123,010
A-7 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.060 1.076 9,113 2006 1.002 1.060 9,113 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.042 1.081 36,146 2006 1.001 1.042 40,448 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.049 1.080 64,365 2006 1.002 1.049 57,844 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.081 165,618 2006 1.002 1.054 212,451 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.059 1.081 259,829 2006 1.002 1.059 315,338 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.432 1.467 249,626 2006 1.341 1.432 359,348 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.050 1.097 509,652 2006 0.996 1.050 572,119 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.068 1.146 34,317 2006 0.998 1.068 30,095 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.154 1.198 -- 2006 1.087 1.154 56,745 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.074 1.103 112,995 2006 1.038 1.074 174,017 Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.997 1.006 -- 2005 0.986 0.997 583,043 2004 0.992 0.986 253,645 2003 1.000 0.992 251,474 Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.114 1.177 -- 2005 1.072 1.114 47,269 2004 1.000 1.072 27,182
A-8 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.113 1.135 -- 2006 1.124 1.113 178,444 2005 1.120 1.124 520,553 2004 1.046 1.120 246,186 2003 1.000 1.046 2,000 PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.085 1.160 646,984 2006 1.063 1.085 763,408 2005 1.055 1.063 1,156,728 2004 1.023 1.055 681,309 2003 1.000 1.023 2,005 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.184 2.364 -- 2006 1.740 2.184 7,596 2005 1.577 1.740 9,119 2004 1.380 1.577 11,658 2003 1.000 1.380 986 Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.330 2.487 -- 2006 2.020 2.330 230,788 2005 1.920 2.020 215,516 2004 1.547 1.920 121,177 2003 1.000 1.547 10,196 The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.412 1.503 -- 2005 1.321 1.412 31,712 2004 1.262 1.321 19,554 2003 1.000 1.262 1,000 Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.235 1.316 -- 2005 1.252 1.235 8,965 2004 1.198 1.252 8,685 2003 1.000 1.198 16,073 Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.710 1.867 -- 2005 1.547 1.710 125,438 2004 1.351 1.547 58,776 2003 1.000 1.351 2,000 Travelers Equity Income Subaccount (3/03).......... 2006 1.468 1.542 -- 2005 1.429 1.468 106,840 2004 1.323 1.429 91,847 2003 1.000 1.323 2,000
A-9 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Federated High Yield Subaccount (3/03)... 2006 1.269 1.300 -- 2005 1.258 1.269 100,789 2004 1.159 1.258 52,574 2003 1.000 1.159 1,000 Travelers Federated Stock Subaccount (3/03)........ 2006 1.457 1.509 -- 2005 1.408 1.457 1,886 2004 1.295 1.408 2,000 2003 1.000 1.295 2,000 Travelers Large Cap Subaccount (3/03).............. 2006 1.373 1.415 -- 2005 1.285 1.373 27,621 2004 1.227 1.285 2,000 2003 1.000 1.227 2,000 Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.027 1.092 -- 2005 1.000 1.027 8,364 Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.009 1.012 -- 2005 1.007 1.009 14,893 Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.039 1.076 -- 2005 0.994 1.039 136,717 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.052 1.097 -- 2005 1.000 1.052 52,827 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.025 1.045 -- 2005 1.000 1.025 43,857 Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.527 1.621 -- 2005 1.386 1.527 221,339 2004 1.216 1.386 67,332 2003 1.000 1.216 1,000 Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.502 1.588 -- 2005 1.482 1.502 16,505 2004 1.321 1.482 17,506 2003 1.000 1.321 1,000
A-10 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.299 1.341 -- 2005 1.284 1.299 379,761 2004 1.171 1.284 206,138 2003 1.000 1.171 2,006 Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.172 1.266 -- 2005 1.120 1.172 17,372 2004 1.000 1.120 2,000 Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.627 1.868 -- 2005 1.511 1.627 63,891 2004 1.327 1.511 37,363 2003 1.000 1.327 1,000 Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.383 1.467 -- 2005 1.327 1.383 44,434 2004 1.214 1.327 9,113 2003 1.000 1.214 1,000 Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.003 1.055 -- 2005 1.000 1.003 2,617 Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.114 1.125 -- 2005 1.093 1.114 303,971 2004 1.000 1.093 55,577 Travelers Quality Bond Subaccount (3/03)........... 2006 1.048 1.038 -- 2005 1.049 1.048 120,078 2004 1.033 1.049 62,607 2003 1.000 1.033 24,619 Travelers Strategic Equity Subaccount (3/03)....... 2006 1.384 1.443 -- 2005 1.379 1.384 984 2004 1.273 1.379 20,770 2003 1.000 1.273 2,000 Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.073 1.235 -- 2005 1.000 1.073 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.981 1.125 -- 2005 1.000 0.981 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.077 1.038 -- 2005 1.050 1.077 213,793 2004 1.000 1.050 146,578
A-11 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.773 1.702 117,515 2006 1.554 1.773 145,659 2005 1.518 1.554 198,608 2004 1.315 1.518 97,186 2003 1.000 1.315 19,791 Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.397 1.545 -- 2006 1.331 1.397 -- 2005 1.255 1.331 -- 2004 1.230 1.255 2,000 2003 1.000 1.230 2,000
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.403 1.359 -- 2005 1.254 1.403 -- 2004 1.188 1.254 -- 2003 1.000 1.188 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.968 2.202 -- 2006 1.677 1.968 -- 2005 1.509 1.677 -- 2004 1.365 1.509 3,419 2003 1.000 1.365 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.789 1.958 89,675 2006 1.666 1.789 89,043 2005 1.471 1.666 89,047 2004 1.342 1.471 12,735 2003 1.000 1.342 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.635 1.673 44,738 2006 1.456 1.635 44,742 2005 1.412 1.456 44,746 2004 1.313 1.412 9,353 2003 1.007 1.313 --
A-12 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.652 1.629 -- 2005 1.434 1.652 -- 2004 1.231 1.434 -- 2003 1.000 1.231 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.728 2.234 -- 2005 1.655 1.728 -- 2004 1.293 1.655 -- 2003 1.000 1.293 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.424 1.486 -- 2006 1.254 1.424 -- 2005 1.233 1.254 -- 2004 1.205 1.233 -- 2003 1.000 1.205 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.493 1.294 -- 2006 1.476 1.493 -- 2005 1.432 1.476 -- 2004 1.320 1.432 -- 2003 1.000 1.320 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.282 1.389 -- 2005 1.194 1.282 -- 2004 1.073 1.194 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.279 1.421 -- 2005 1.192 1.279 -- 2004 1.066 1.192 -- 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.758 2.009 -- 2006 1.619 1.758 -- 2005 1.424 1.619 -- 2004 1.269 1.424 -- 2003 1.000 1.269 --
A-13 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.601 1.665 -- 2006 1.444 1.601 -- 2005 1.228 1.444 -- 2004 1.244 1.228 -- 2003 1.000 1.244 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.193 2.465 -- 2006 2.003 2.193 -- 2005 1.741 2.003 -- 2004 1.434 1.741 -- 2003 1.000 1.434 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.485 1.713 -- 2005 1.378 1.485 -- 2004 1.256 1.378 -- 2003 1.000 1.256 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.705 3.394 -- 2006 2.167 2.705 -- 2005 1.745 2.167 -- 2004 1.436 1.745 -- 2003 1.000 1.436 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.052 2.308 1,029 2006 1.734 2.052 1,031 2005 1.615 1.734 20,795 2004 1.398 1.615 1,035 2003 1.000 1.398 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.647 1.955 -- 2005 1.553 1.647 -- 2004 1.374 1.553 -- 2003 1.000 1.374 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.048 1.068 -- 2005 1.061 1.048 -- 2004 1.000 1.061 --
A-14 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.235 1.271 -- 2005 1.177 1.235 -- 2004 1.115 1.177 -- 2003 1.000 1.115 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.509 1.789 -- 2006 1.456 1.509 -- 2005 1.330 1.456 -- 2004 1.195 1.330 -- 2003 1.000 1.195 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.587 1.882 -- 2006 1.510 1.587 -- 2005 1.390 1.510 -- 2004 1.418 1.390 -- 2003 1.000 1.418 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.544 1.645 -- 2006 1.343 1.544 -- 2005 1.306 1.343 -- 2004 1.282 1.306 -- 2003 1.000 1.282 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.503 1.673 -- 2005 1.483 1.503 4,230 2004 1.325 1.483 -- 2003 1.000 1.325 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.651 1.581 58,715 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.506 1.549 49,576 LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.538 1.572 -- 2006 1.371 1.538 -- 2005 1.349 1.371 -- 2004 1.256 1.349 -- 2003 1.000 1.256 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.780 1.693 82,429
A-15 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.698 1.719 -- 2006 1.474 1.698 -- 2005 1.420 1.474 -- 2004 1.320 1.420 -- 2003 1.000 1.320 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.450 1.442 45,432 LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.918 2.056 -- 2006 1.746 1.918 -- 2005 1.708 1.746 -- 2004 1.523 1.708 -- 2003 1.000 1.523 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.147 1.239 -- 2006 1.093 1.147 -- 2005 1.075 1.093 -- 2004 1.000 1.075 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.993 0.981 7,564 2006 0.979 0.993 7,578 2005 0.982 0.979 7,592 2004 0.996 0.982 7,607 2003 1.000 0.996 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.721 1.800 -- 2006 1.495 1.721 -- 2005 1.475 1.495 -- 2004 1.398 1.475 -- 2003 1.000 1.398 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.406 1.460 -- 2006 1.384 1.406 -- 2005 1.350 1.384 -- 2004 1.379 1.350 -- 2003 1.000 1.379 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.639 1.691 -- 2006 1.514 1.639 -- 2005 1.414 1.514 -- 2004 1.330 1.414 -- 2003 1.000 1.330 --
A-16 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.494 1.556 -- 2006 1.364 1.494 -- 2005 1.351 1.364 -- 2004 1.280 1.351 -- 2003 1.000 1.280 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.558 1.614 -- 2006 1.363 1.558 74,229 2005 1.355 1.363 74,229 2004 1.235 1.355 -- 2003 1.000 1.235 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.742 1.913 -- 2006 1.593 1.742 1,117 2005 1.510 1.593 1,119 2004 1.250 1.510 1,121 2003 1.000 1.250 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.082 1.113 -- 2005 1.070 1.082 -- 2004 1.000 1.070 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.717 1.775 -- 2006 1.816 1.717 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.324 1.326 -- 2006 1.265 1.324 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.658 1.733 -- 2006 1.576 1.658 28,836 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.718 1.720 28,836 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.183 1.141 -- 2006 1.117 1.183 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.988 1.921 36,577 2006 1.817 1.988 36,157 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.659 2.109 -- 2006 1.629 1.659 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.191 1.048 --
A-17 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.169 1.211 -- 2006 1.113 1.169 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.332 1.387 -- 2006 1.280 1.332 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.070 1.084 -- 2006 1.001 1.070 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.435 1.564 -- 2006 1.462 1.435 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.208 1.311 -- 2006 1.225 1.208 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.266 2.364 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.365 1.432 -- 2006 1.244 1.365 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.212 1.006 -- 2006 1.003 1.212 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.099 1.156 4,280 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.525 1.560 -- 2006 1.428 1.525 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.095 1.205 -- 2006 1.047 1.095 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.137 1.182 -- 2006 1.105 1.137 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.022 0.965 7,915 2006 1.003 1.022 7,061 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.498 1.757 -- 2006 1.545 1.498 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.041 1.078 -- 2006 1.009 1.041 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 0.993 1.017 -- 2006 0.978 0.993 --
A-18 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.385 1.403 -- 2006 1.376 1.385 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.528 1.549 -- 2006 1.499 1.528 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.053 1.060 -- 2006 1.002 1.053 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.036 1.065 -- 2006 1.001 1.036 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.042 1.064 -- 2006 1.002 1.042 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.047 1.065 -- 2006 1.002 1.047 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.052 1.065 -- 2006 1.002 1.052 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.384 1.405 11,292 2006 1.304 1.384 11,292 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.044 1.081 -- 2006 0.996 1.044 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.062 1.129 -- 2006 0.998 1.062 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.127 1.166 -- 2006 1.068 1.127 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.048 1.067 -- 2006 1.020 1.048 -- Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.972 0.978 -- 2005 0.970 0.972 -- 2004 0.986 0.970 -- 2003 1.000 0.986 --
A-19 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.098 1.156 -- 2005 1.065 1.098 -- 2004 1.000 1.065 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.077 1.094 -- 2006 1.097 1.077 4,280 2005 1.103 1.097 4,280 2004 1.039 1.103 4,712 2003 1.000 1.039 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.048 1.111 4,340 2006 1.036 1.048 4,347 2005 1.038 1.036 4,355 2004 1.016 1.038 4,363 2003 0.998 1.016 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.111 2.278 -- 2006 1.697 2.111 -- 2005 1.552 1.697 -- 2004 1.371 1.552 -- 2003 1.018 1.371 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.252 2.397 -- 2006 1.971 2.252 -- 2005 1.890 1.971 -- 2004 1.536 1.890 -- 2003 1.000 1.536 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.378 1.462 -- 2005 1.300 1.378 -- 2004 1.253 1.300 -- 2003 1.000 1.253 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.205 1.280 -- 2005 1.232 1.205 -- 2004 1.190 1.232 -- 2003 1.000 1.190 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.668 1.816 -- 2005 1.523 1.668 -- 2004 1.342 1.523 -- 2003 1.000 1.342 --
A-20 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.432 1.499 -- 2005 1.406 1.432 23,192 2004 1.314 1.406 -- 2003 1.000 1.314 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.237 1.265 -- 2005 1.238 1.237 -- 2004 1.151 1.238 -- 2003 1.000 1.151 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.422 1.467 -- 2005 1.385 1.422 -- 2004 1.286 1.385 -- 2003 1.000 1.286 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.339 1.376 -- 2005 1.265 1.339 -- 2004 1.219 1.265 -- 2003 1.000 1.219 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.024 1.085 -- 2005 1.000 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.005 1.006 -- 2005 1.003 1.005 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.034 1.067 -- 2005 0.994 1.034 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.047 1.088 -- 2005 1.000 1.047 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.020 1.037 -- 2005 1.000 1.020 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.489 1.576 -- 2005 1.364 1.489 28,836 2004 1.208 1.364 -- 2003 1.000 1.208 --
A-21 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.465 1.545 -- 2005 1.459 1.465 -- 2004 1.312 1.459 -- 2003 1.000 1.312 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.267 1.304 -- 2005 1.263 1.267 11,292 2004 1.163 1.263 12,431 2003 1.003 1.163 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.155 1.244 -- 2005 1.113 1.155 -- 2004 1.000 1.113 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.587 1.817 -- 2005 1.487 1.587 36,157 2004 1.318 1.487 -- 2003 1.000 1.318 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.350 1.428 -- 2005 1.307 1.350 -- 2004 1.207 1.307 -- 2003 1.000 1.207 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.998 1.047 -- 2005 1.000 0.998 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.098 1.105 -- 2005 1.087 1.098 -- 2004 1.000 1.087 -- Travelers Quality Bond Subaccount (3/03)........... 2006 1.022 1.009 -- 2005 1.032 1.022 -- 2004 1.025 1.032 -- 2003 1.000 1.025 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.350 1.404 -- 2005 1.357 1.350 -- 2004 1.264 1.357 -- 2003 1.000 1.264 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.068 1.225 -- 2005 1.000 1.068 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.977 1.117 -- 2005 1.000 0.977 --
A-22 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.061 1.020 -- 2005 1.044 1.061 -- 2004 1.000 1.044 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.714 1.631 -- 2006 1.516 1.714 -- 2005 1.494 1.516 -- 2004 1.306 1.494 -- 2003 1.000 1.306 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.351 1.480 -- 2006 1.298 1.351 -- 2005 1.235 1.298 -- 2004 1.221 1.235 -- 2003 1.000 1.221 --
* We are currently waiving a portion of the Mortality and Expense Risk charge for this Subaccount. Please see "Fee Table -- Annual Separate Account Charges" for more information. The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts Owners in payout phase, where appropriate. If an accumulation unit value has no assets and units across all sub-accounts within the Separate Account, and has had no assets and units for the history displayed on the Condensed Financial Information in the past, then it may not be displayed. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 02/25/2005, The Travelers Series Trust-MFS Emerging Growth Portfolio merged into The Travelers Series Trust-MFS Mid Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Large Cap Growth Portfolio was replaced by Metropolitan Series Fund, Inc.-T. Rowe Price Large Cap Growth and is no longer available as a funding option. Effective on or about 05/01/2006, Capital Appreciation Fund merged into Met Investors Series Trust-Janus Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Delaware VIP Trust-Delaware VIP REIT Series was replaced by Met Investors Series Trust-Neuberger Berman Real Estate Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Value Opportunities V.I. Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. A-23 Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Global Allocation V.I. Portfolio was replaced by Metropolitan Series Fund, Inc.- Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton VIP Trust-Mutual Shares Securities Fund was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton VIP Trust-Templeton Growth Securities Fund was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, High Yield Bond Trust merged into Metropolitan Series Fund, Inc.-Western Asset Management High Yield Bond Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Janus Aspen Series-Janus Aspen Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Managed Assets Trust merged into Met Investors Series Trust-Legg Mason Partners Managed Assets Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Money Market Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Money Market Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Oppenheimer Variable Account Funds-Oppenheimer Main Street Fund/VA was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-AIM Capital Appreciation Portfolio merged into Met Investors Series Trust-MET/AIM Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Convertible Securities Portfolio merged into Met Investors Series Trust-Lord Abbett Bond Debenture Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Disciplined Mid Cap Stock Portfolio merged into Met Investors Series Trust-Batterymarch Mid-Cap Stock Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Equity Income Portfolio merged into Metropolitan Series Fund, Inc.-FI Value Leaders Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Federated High Yield Portfolio merged into Met Investors Series Trust-Federated High Yield Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Federated Stock Portfolio merged into Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Large Cap Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Conservative Portfolio merged into Metropolitan Series Fund, Inc.- MetLife Conservative Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Moderate -- Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate to Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Moderate -- Conservative Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Conservative to Moderate Allocation Portfolio and is no longer available as a funding option. A-24 Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Moderate Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Mercury Large Cap Core Portfolio merged into Met Investors Series Trust-Mercury Large-Cap Core Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-MFS(R) Mid Cap Growth Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-MFS(R) Total Return Portfolio merged into Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-MFS(R) Value Portfolio merged into Met Investors Series Trust-MFS(R) Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Mondrian International Stock Portfolio merged into Met Investors Series Trust-Harris Oakmark International Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Pioneer Fund Portfolio merged into Met Investors Series Trust-Pioneer Fund Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Pioneer Strategic Income Portfolio merged into Met Investors Series Trust-Pioneer Strategic Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Strategic Equity Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Style Focus Series: Small Cap Growth Portfolio merged into Met Investors Series Trust-MET/AIM Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Style Focus Series: Small Cap Value Portfolio merged into Met Investors Series Trust-Dreman Small- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Travelers Quality Bond Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Bond Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-U.S. Government Securities Portfolio merged into Metropolitan Series Fund, Inc.-Western Asset Management U.S. Government Portfolio and is no longer available as a funding option. Effective on or about 11/13/2006, Lazard Retirement Series, Inc.-Lazard Retirement Small Cap Portfolio was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable All Cap Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Fundamental Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable Large Cap Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Large Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios V-Legg Mason Partners Variable Small Cap Growth Opportunities Portfolio merged into Legg Mason Partners Variable Equity Trust -- Legg Mason Partners Variable Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios II, Inc.-Legg Mason Partners Variable Aggressive Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Aggressive Growth Portfolio and is no longer available as a funding option. A-25 Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios II- Legg Mason Partners Variable Growth and Income Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Appreciation Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Mid- Cap Value Portfolio was replaced by Met Investors Series Trust-Lord Abbett Mid- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class A was exchanged for Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class E and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Lazard Mid-Cap Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Metropolitan Series Funds, Inc.-Western Asset Management High Yield Bond Portfolio was merged into Met Investors Series Trust- BlackRock High Yield Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, PIMCO Variable Insurance Trust-Real Return Portfolio was replaced by Met Investors Series Trust-PIMCO Inflation Protected Bond Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT International Equity Fund was replaced by Met Investors Series Trust-MFS(R) Research International Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT Small Cap Value Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. A-26 APPENDIX B - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE LIFE AND ANNUITY COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are included in the Statement of Additional Information ("SAI"). The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (6/03)................................... 2006 1.439 1.405 -- 2005 1.274 1.439 45,774 2004 1.196 1.274 45,774 2003 1.000 1.196 34,080 American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (4/03)............................................. 2007 2.036 2.299 274,239 2006 1.720 2.036 328,141 2005 1.533 1.720 425,031 2004 1.374 1.533 319,049 2003 1.000 1.374 180,398 American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.851 2.044 482,586 2006 1.708 1.851 721,093 2005 1.495 1.708 917,616 2004 1.352 1.495 915,371 2003 1.000 1.352 459,044 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.691 1.746 525,779 2006 1.493 1.691 658,137 2005 1.435 1.493 816,341 2004 1.322 1.435 789,816 2003 1.000 1.322 346,672 Capital Appreciation Fund Capital Appreciation Fund (6/03)................... 2006 1.693 1.675 -- 2005 1.457 1.693 169,222 2004 1.240 1.457 69,578 2003 1.000 1.240 53,081
B-1 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (5/03)............................................. 2006 1.772 2.310 -- 2005 1.681 1.772 225,422 2004 1.302 1.681 138,370 2003 1.000 1.302 91,347 Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (6/03)..................................... 2007 1.473 1.551 38,529 2006 1.286 1.473 54,561 2005 1.253 1.286 111,003 2004 1.213 1.253 100,863 2003 1.000 1.213 77,766 Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (6/03)..................................... 2007 1.544 1.350 165,654 2006 1.514 1.544 155,941 2005 1.455 1.514 236,289 2004 1.329 1.455 376,598 2003 1.000 1.329 252,902 FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (12/03)................................ 2006 1.306 1.420 -- 2005 1.206 1.306 137,059 2004 1.074 1.206 92,325 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (12/03)................................ 2006 1.304 1.453 -- 2005 1.204 1.304 12,146 2004 1.067 1.204 57,605 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (6/03)............................................. 2007 1.818 2.097 117,001 2006 1.660 1.818 160,121 2005 1.447 1.660 207,109 2004 1.278 1.447 134,234 2003 1.000 1.278 52,719 VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (10/03).......................... 2007 1.657 1.738 28,809 2006 1.480 1.657 37,712 2005 1.248 1.480 41,032 2004 1.253 1.248 41,384 2003 1.000 1.253 --
B-2 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.269 2.573 112,367 2006 2.053 2.269 204,945 2005 1.769 2.053 274,315 2004 1.444 1.769 252,103 2003 1.000 1.444 129,969 Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (4/03).......................................... 2006 1.522 1.772 -- 2005 1.400 1.522 440,508 2004 1.265 1.400 430,489 2003 1.000 1.265 251,429 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.796 3.539 72,762 2006 2.220 2.796 88,290 2005 1.772 2.220 98,036 2004 1.445 1.772 64,724 2003 1.000 1.445 22,958 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/03)................................... 2007 2.123 2.409 103,789 2006 1.778 2.123 219,179 2005 1.641 1.778 239,107 2004 1.408 1.641 90,637 2003 1.108 1.408 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/03)................................... 2006 1.689 2.022 -- 2005 1.578 1.689 453,166 2004 1.383 1.578 569,927 2003 1.000 1.383 543,306 High Yield Bond Trust High Yield Bond Trust (7/04)....................... 2006 1.064 1.087 -- 2005 1.068 1.064 293,673 2004 1.007 1.068 61,377 Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.266 1.307 -- 2005 1.196 1.266 59,062 2004 1.123 1.196 64,108 2003 1.000 1.123 60,106
B-3 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Global Life Sciences Subaccount (Service Shares) (8/03)............................ 2007 1.561 1.867 -- 2006 1.493 1.561 -- 2005 1.352 1.493 3,309 2004 1.204 1.352 -- 2003 1.000 1.204 -- Janus Aspen Global Technology Subaccount (Service Shares) (8/03)..................................... 2007 1.642 1.964 13,742 2006 1.548 1.642 13,742 2005 1.412 1.548 13,742 2004 1.428 1.412 18,801 2003 1.000 1.428 13,742 Janus Aspen Worldwide Growth Subaccount (Service Shares) (6/03)..................................... 2007 1.597 1.717 -- 2006 1.377 1.597 -- 2005 1.327 1.377 6,989 2004 1.291 1.327 6,997 2003 1.000 1.291 244,549 Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.540 1.726 -- 2005 1.506 1.540 181,128 2004 1.333 1.506 12,433 2003 1.000 1.333 1,622 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.713 1.650 102,784 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.563 1.617 6,929 LMPVET Equity Index Subaccount (Class II) (5/03)... 2007 1.590 1.641 139,944 2006 1.405 1.590 176,223 2005 1.371 1.405 174,275 2004 1.265 1.371 65,202 2003 1.000 1.265 248,020 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.847 1.768 8,161 LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.757 1.795 27,576 2006 1.511 1.757 26,019 2005 1.443 1.511 33,378 2004 1.329 1.443 65,165 2003 1.000 1.329 34,630 LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.505 1.505 68,528
B-4 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Small Cap Growth Subaccount (Class I) (5/03)............................................. 2007 1.984 2.146 16,215 2006 1.790 1.984 20,059 2005 1.735 1.790 15,816 2004 1.533 1.735 48,078 2003 1.000 1.533 54,333 LMPVET Social Awareness Subaccount (5/04).......... 2007 1.175 1.281 -- 2006 1.109 1.175 -- 2005 1.081 1.109 -- 2004 1.000 1.081 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.023 1.019 48,342 2006 0.999 1.023 54,015 2005 0.993 0.999 93,434 2004 0.998 0.993 207,025 2003 1.000 0.998 175,840 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.780 1.867 -- 2006 1.533 1.780 8,241 2005 1.499 1.533 11,445 2004 1.407 1.499 85,512 2003 1.000 1.407 74,066 LMPVPI Large Cap Growth Subaccount (Class I) (6/03)............................................. 2007 1.454 1.514 -- 2006 1.419 1.454 73,458 2005 1.372 1.419 80,330 2004 1.388 1.372 88,200 2003 1.000 1.388 70,004 Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/03)............................................. 2007 1.695 1.754 -- 2006 1.552 1.695 129,509 2005 1.437 1.552 139,776 2004 1.339 1.437 134,769 2003 1.000 1.339 84,927 LMPVPII Growth and Income Subaccount (Class I) (7/03)............................................. 2007 1.546 1.614 -- 2006 1.399 1.546 6,805 2005 1.373 1.399 12,120 2004 1.288 1.373 20,811 2003 1.000 1.288 609
B-5 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.610 1.673 -- 2006 1.396 1.610 60,705 2005 1.376 1.396 133,511 2004 1.242 1.376 225,570 2003 1.000 1.242 185,002 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.800 1.983 -- 2006 1.631 1.800 169,158 2005 1.533 1.631 246,782 2004 1.257 1.533 310,271 2003 1.000 1.257 197,186 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.099 1.133 -- 2005 1.076 1.099 18,751 2004 0.995 1.076 19,502 Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.777 1.852 80,447 2006 1.867 1.777 105,272 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.370 1.384 320,137 2006 1.300 1.370 316,010 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.715 1.798 -- 2006 1.621 1.715 54,954 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.783 1.795 5,203 MIST Dreman Small-Cap Value Subaccount (Class A) (10/06)............................................ 2007 1.198 1.166 2,395 2006 1.089 1.198 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 2.057 2.005 104,037 2006 1.868 2.057 148,192 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.716 2.201 142,647 2006 1.675 1.716 180,412 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.211 1.072 6,368 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.197 1.251 17,416 2006 1.133 1.197 18,063 MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.378 1.448 73,370 2006 1.316 1.378 133,061
B-6 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.077 1.101 244,979 2006 1.001 1.077 316,349 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.071 1.059 203,723 2006 0.971 1.071 21,222 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.484 1.633 90,615 2006 1.503 1.484 90,615 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.352 2.468 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.398 1.480 34,240 2006 1.266 1.398 72,447 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.219 1.021 304,725 2006 1.003 1.219 358,249 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.139 1.206 415,287 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.576 1.627 32,654 2006 1.467 1.576 33,363 MIST Pioneer Mid-Cap Value Subaccount (Class A) (12/06)............................................ 2007 1.109 1.224 -- 2006 1.120 1.109 6,375 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.165 1.221 167,241 2006 1.125 1.165 239,339 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.028 0.980 659,415 2006 1.003 1.028 303,915 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.550 1.834 215,407 2006 1.588 1.550 215,973 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.077 1.126 234,585 2006 1.038 1.077 312,596 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.027 1.061 42,163 2006 1.006 1.027 100,524 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.433 1.464 20,198 2006 1.415 1.433 28,332 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.580 1.617 146,136 2006 1.542 1.580 152,851
B-7 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.060 1.076 18,294 2006 1.002 1.060 43,001 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.042 1.081 128,218 2006 1.001 1.042 54,905 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.049 1.080 39,977 2006 1.002 1.049 45,290 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.081 21,372 2006 1.002 1.054 21,400 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.059 1.081 -- 2006 1.002 1.059 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.432 1.467 974,617 2006 1.341 1.432 1,073,871 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.050 1.097 381,824 2006 0.996 1.050 623,762 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.068 1.146 65,611 2006 0.998 1.068 65,611 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.154 1.198 -- 2006 1.087 1.154 200,291 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.074 1.103 39,816 2006 1.038 1.074 62,964 Money Market Portfolio Money Market Subaccount (5/03)..................... 2006 0.997 1.006 -- 2005 0.986 0.997 106,698 2004 0.992 0.986 250,103 2003 1.000 0.992 1,000,853 Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.114 1.177 -- 2005 1.072 1.114 18,095 2004 0.994 1.072 6,988
B-8 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.113 1.135 -- 2006 1.124 1.113 531,025 2005 1.120 1.124 642,079 2004 1.046 1.120 698,051 2003 1.000 1.046 169,597 PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.085 1.160 412,508 2006 1.063 1.085 617,601 2005 1.055 1.063 1,071,978 2004 1.023 1.055 997,023 2003 1.000 1.023 512,238 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.184 2.364 -- 2006 1.740 2.184 -- 2005 1.577 1.740 1,081 2004 1.380 1.577 1,082 2003 1.000 1.380 1,083 Putnam VT Small Cap Value Subaccount (Class IB) (4/03)............................................. 2007 2.330 2.487 -- 2006 2.020 2.330 279,880 2005 1.920 2.020 305,198 2004 1.547 1.920 248,510 2003 1.000 1.547 147,642 The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/03)............................................. 2006 1.412 1.503 -- 2005 1.321 1.412 90,620 2004 1.262 1.321 7,188 2003 1.000 1.262 -- Travelers Convertible Securities Subaccount (6/03)............................................. 2006 1.235 1.316 -- 2005 1.252 1.235 106,365 2004 1.198 1.252 134,693 2003 1.000 1.198 49,694 Travelers Disciplined Mid Cap Stock Subaccount (6/03)............................................. 2006 1.710 1.867 -- 2005 1.547 1.710 110,370 2004 1.351 1.547 90,318 2003 1.000 1.351 70,945 Travelers Equity Income Subaccount (3/03).......... 2006 1.468 1.542 -- 2005 1.429 1.468 146,538 2004 1.323 1.429 108,451 2003 1.000 1.323 51,756
B-9 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Federated High Yield Subaccount (3/03)... 2006 1.269 1.300 -- 2005 1.258 1.269 317,034 2004 1.159 1.258 410,146 2003 1.000 1.159 312,994 Travelers Federated Stock Subaccount (11/03)....... 2006 1.457 1.509 -- 2005 1.408 1.457 8,300 2004 1.295 1.408 11,753 2003 1.000 1.295 12,153 Travelers Large Cap Subaccount (7/03).............. 2006 1.373 1.415 -- 2005 1.285 1.373 14,928 2004 1.227 1.285 26,954 2003 1.000 1.227 15,745 Travelers Managed Allocation Series: Aggressive Subaccount (10/05)................................. 2006 1.027 1.092 -- 2005 0.976 1.027 40,085 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.009 1.012 -- 2005 1.000 1.009 62,967 Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.039 1.076 -- 2005 1.000 1.039 19,960 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (1/06)....................... 2006 1.052 1.097 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (8/05)..................... 2006 1.025 1.045 -- 2005 1.014 1.025 11,307 Travelers Mercury Large Cap Core Subaccount (4/03)............................................. 2006 1.527 1.621 -- 2005 1.386 1.527 53,878 2004 1.216 1.386 65,822 2003 1.000 1.216 -- Travelers MFS(R) Mid Cap Growth Subaccount (6/03).. 2006 1.502 1.588 -- 2005 1.482 1.502 216,633 2004 1.321 1.482 53,348 2003 1.000 1.321 36,767 Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.299 1.341 -- 2005 1.284 1.299 1,158,282 2004 1.171 1.284 870,918 2003 1.000 1.171 486,922
B-10 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Value Subaccount (7/04)........... 2006 1.172 1.266 -- 2005 1.120 1.172 81,938 2004 0.996 1.120 22,357 Travelers Mondrian International Stock Subaccount (5/03)............................................. 2006 1.627 1.868 -- 2005 1.511 1.627 109,565 2004 1.327 1.511 48,725 2003 1.000 1.327 14,338 Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.383 1.467 -- 2005 1.327 1.383 36,208 2004 1.214 1.327 78,670 2003 1.000 1.214 85,786 Travelers Pioneer Strategic Income Subaccount (7/04)............................................. 2006 1.114 1.125 -- 2005 1.093 1.114 201,980 2004 1.016 1.093 47,649 Travelers Quality Bond Subaccount (5/03)........... 2006 1.048 1.038 -- 2005 1.049 1.048 414,246 2004 1.033 1.049 438,031 2003 1.000 1.033 338,852 Travelers Strategic Equity Subaccount (5/03)....... 2006 1.384 1.443 -- 2005 1.379 1.384 8,961 2004 1.273 1.379 1,791 2003 1.000 1.273 3,187 Travelers U.S. Government Securities Subaccount (7/04)............................................. 2006 1.077 1.038 -- 2005 1.050 1.077 41,586 2004 1.009 1.050 5,549 Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (5/03)............................................. 2007 1.773 1.702 167,647 2006 1.554 1.773 338,141 2005 1.518 1.554 426,317 2004 1.315 1.518 384,884 2003 1.000 1.315 196,030 Van Kampen LIT Enterprise Subaccount (Class II) (7/03)............................................. 2007 1.397 1.545 -- 2006 1.331 1.397 -- 2005 1.255 1.331 -- 2004 1.230 1.255 -- 2003 1.000 1.230 --
B-11 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (6/03)................................... 2006 1.403 1.359 -- 2005 1.254 1.403 -- 2004 1.188 1.254 -- 2003 1.099 1.188 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (4/03)............................................. 2007 1.968 2.202 10,823 2006 1.677 1.968 43,407 2005 1.509 1.677 38,073 2004 1.365 1.509 56,327 2003 1.002 1.365 28,454 American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.789 1.958 68,082 2006 1.666 1.789 160,604 2005 1.471 1.666 305,426 2004 1.342 1.471 324,238 2003 1.012 1.342 213,259 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.635 1.673 87,690 2006 1.456 1.635 223,643 2005 1.412 1.456 373,111 2004 1.313 1.412 361,056 2003 1.000 1.313 284,259 Capital Appreciation Fund Capital Appreciation Fund (6/03)................... 2006 1.652 1.629 -- 2005 1.434 1.652 -- 2004 1.231 1.434 -- 2003 1.087 1.231 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (5/03)............................................. 2006 1.728 2.234 -- 2005 1.655 1.728 -- 2004 1.293 1.655 -- 2003 1.087 1.293 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (6/03)..................................... 2007 1.424 1.486 -- 2006 1.254 1.424 -- 2005 1.233 1.254 -- 2004 1.205 1.233 -- 2003 1.087 1.205 --
B-12 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (6/03)..................................... 2007 1.493 1.294 -- 2006 1.476 1.493 -- 2005 1.432 1.476 -- 2004 1.320 1.432 -- 2003 1.136 1.320 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (12/03)................................ 2006 1.282 1.389 -- 2005 1.194 1.282 -- 2004 1.073 1.194 -- 2003 1.049 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (12/03)................................ 2006 1.279 1.421 -- 2005 1.192 1.279 -- 2004 1.066 1.192 -- 2003 1.056 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (6/03)............................................. 2007 1.758 2.009 -- 2006 1.619 1.758 -- 2005 1.424 1.619 -- 2004 1.269 1.424 -- 2003 1.082 1.269 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (10/03).......................... 2007 1.601 1.665 -- 2006 1.444 1.601 -- 2005 1.228 1.444 -- 2004 1.244 1.228 -- 2003 1.161 1.244 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.193 2.465 7,360 2006 2.003 2.193 35,867 2005 1.741 2.003 37,911 2004 1.434 1.741 84,851 2003 0.999 1.434 15,148 Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (4/03).......................................... 2006 1.485 1.713 -- 2005 1.378 1.485 41,167 2004 1.256 1.378 38,643 2003 1.044 1.256 46,060
B-13 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.705 3.394 7,601 2006 2.167 2.705 7,601 2005 1.745 2.167 7,607 2004 1.436 1.745 7,614 2003 1.036 1.436 7,622 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/03)................................... 2007 2.052 2.308 5,675 2006 1.734 2.052 54,725 2005 1.615 1.734 282,181 2004 1.398 1.615 239,597 2003 1.106 1.398 103,046 FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/03)................................... 2006 1.647 1.955 -- 2005 1.553 1.647 -- 2004 1.374 1.553 -- 2003 1.113 1.374 -- High Yield Bond Trust High Yield Bond Trust (7/04)....................... 2006 1.048 1.068 -- 2005 1.061 1.048 -- 2004 1.005 1.061 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.235 1.271 -- 2005 1.177 1.235 -- 2004 1.115 1.177 -- 2003 0.991 1.115 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (8/03)............................ 2007 1.509 1.789 -- 2006 1.456 1.509 -- 2005 1.330 1.456 -- 2004 1.195 1.330 -- 2003 1.073 1.195 -- Janus Aspen Global Technology Subaccount (Service Shares) (8/03)..................................... 2007 1.587 1.882 -- 2006 1.510 1.587 -- 2005 1.390 1.510 -- 2004 1.418 1.390 -- 2003 1.185 1.418 --
B-14 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Worldwide Growth Subaccount (Service Shares) (6/03)..................................... 2007 1.544 1.645 -- 2006 1.343 1.544 -- 2005 1.306 1.343 -- 2004 1.282 1.306 -- 2003 1.146 1.282 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.503 1.673 -- 2005 1.483 1.503 -- 2004 1.325 1.483 -- 2003 1.055 1.325 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.651 1.581 27,173 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.506 1.549 13,249 LMPVET Equity Index Subaccount (Class II) (5/03)... 2007 1.538 1.572 -- 2006 1.371 1.538 -- 2005 1.349 1.371 -- 2004 1.256 1.349 -- 2003 1.051 1.256 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.780 1.693 35,580 LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.698 1.719 4,878 2006 1.474 1.698 12,069 2005 1.420 1.474 11,934 2004 1.320 1.420 4,716 2003 0.970 1.320 4,204 LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.450 1.442 13,974 LMPVET Small Cap Growth Subaccount (Class I) (5/03)............................................. 2007 1.918 2.056 -- 2006 1.746 1.918 -- 2005 1.708 1.746 -- 2004 1.523 1.708 48,483 2003 1.137 1.523 5,421 LMPVET Social Awareness Subaccount (5/04).......... 2007 1.147 1.239 -- 2006 1.093 1.147 -- 2005 1.075 1.093 -- 2004 1.000 1.075 --
B-15 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.993 0.981 -- 2006 0.979 0.993 -- 2005 0.982 0.979 -- 2004 0.996 0.982 -- 2003 0.999 0.996 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.721 1.800 -- 2006 1.495 1.721 7,535 2005 1.475 1.495 7,535 2004 1.398 1.475 7,535 2003 1.013 1.398 7,535 LMPVPI Large Cap Growth Subaccount (Class I) (6/03)............................................. 2007 1.406 1.460 -- 2006 1.384 1.406 -- 2005 1.350 1.384 -- 2004 1.379 1.350 -- 2003 1.182 1.379 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/03)............................................. 2007 1.639 1.691 -- 2006 1.514 1.639 -- 2005 1.414 1.514 -- 2004 1.330 1.414 -- 2003 1.146 1.330 -- LMPVPII Growth and Income Subaccount (Class I) (7/03)............................................. 2007 1.494 1.556 -- 2006 1.364 1.494 -- 2005 1.351 1.364 -- 2004 1.280 1.351 -- 2003 1.165 1.280 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.558 1.614 -- 2006 1.363 1.558 -- 2005 1.355 1.363 -- 2004 1.235 1.355 -- 2003 1.026 1.235 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.742 1.913 -- 2006 1.593 1.742 -- 2005 1.510 1.593 -- 2004 1.250 1.510 -- 2003 1.055 1.250 --
B-16 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.082 1.113 -- 2005 1.070 1.082 -- 2004 0.994 1.070 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.717 1.775 -- 2006 1.816 1.717 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.324 1.326 -- 2006 1.265 1.324 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.658 1.733 -- 2006 1.576 1.658 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.718 1.720 -- MIST Dreman Small-Cap Value Subaccount (Class A) (10/06)............................................ 2007 1.183 1.141 -- 2006 1.077 1.183 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.988 1.921 6,192 2006 1.817 1.988 6,192 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.659 2.109 -- 2006 1.629 1.659 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.191 1.048 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.169 1.211 -- 2006 1.113 1.169 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.332 1.387 -- 2006 1.280 1.332 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.070 1.084 -- 2006 1.001 1.070 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.065 1.043 -- 2006 0.970 1.065 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.435 1.564 -- 2006 1.462 1.435 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.266 2.364 4,481
B-17 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.365 1.432 -- 2006 1.244 1.365 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.212 1.006 -- 2006 1.003 1.212 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.099 1.156 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.525 1.560 -- 2006 1.428 1.525 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (12/06)............................................ 2007 1.095 1.205 -- 2006 1.106 1.095 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.137 1.182 -- 2006 1.105 1.137 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.022 0.965 -- 2006 1.003 1.022 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.498 1.757 11,628 2006 1.545 1.498 11,263 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.041 1.078 -- 2006 1.009 1.041 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 0.993 1.017 -- 2006 0.978 0.993 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.385 1.403 12,957 2006 1.376 1.385 12,957 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.528 1.549 4,953 2006 1.499 1.528 32,034 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.053 1.060 73,742 2006 1.002 1.053 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.036 1.065 -- 2006 1.001 1.036 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.042 1.064 -- 2006 1.002 1.042 --
B-18 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.047 1.065 -- 2006 1.002 1.047 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.052 1.065 -- 2006 1.002 1.052 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.384 1.405 -- 2006 1.304 1.384 21,180 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.044 1.081 -- 2006 0.996 1.044 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.062 1.129 -- 2006 0.998 1.062 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.127 1.166 -- 2006 1.068 1.127 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.048 1.067 -- 2006 1.020 1.048 -- Money Market Portfolio Money Market Subaccount (5/03)..................... 2006 0.972 0.978 -- 2005 0.970 0.972 -- 2004 0.986 0.970 -- 2003 0.998 0.986 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.098 1.156 -- 2005 1.065 1.098 -- 2004 0.994 1.065 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.077 1.094 -- 2006 1.097 1.077 -- 2005 1.103 1.097 -- 2004 1.039 1.103 -- 2003 1.019 1.039 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.048 1.111 1,982 2006 1.036 1.048 153,923 2005 1.038 1.036 222,995 2004 1.016 1.038 210,042 2003 1.000 1.016 211,805
B-19 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.111 2.278 -- 2006 1.697 2.111 8,962 2005 1.552 1.697 4,657 2004 1.371 1.552 4,754 2003 1.000 1.371 4,592 Putnam VT Small Cap Value Subaccount (Class IB) (4/03)............................................. 2007 2.252 2.397 -- 2006 1.971 2.252 -- 2005 1.890 1.971 -- 2004 1.536 1.890 -- 2003 1.013 1.536 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/03)............................................. 2006 1.378 1.462 -- 2005 1.300 1.378 -- 2004 1.253 1.300 -- 2003 1.063 1.253 -- Travelers Convertible Securities Subaccount (6/03)............................................. 2006 1.205 1.280 -- 2005 1.232 1.205 -- 2004 1.190 1.232 -- 2003 1.101 1.190 -- Travelers Disciplined Mid Cap Stock Subaccount (6/03)............................................. 2006 1.668 1.816 -- 2005 1.523 1.668 -- 2004 1.342 1.523 -- 2003 1.131 1.342 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.432 1.499 -- 2005 1.406 1.432 83,746 2004 1.314 1.406 83,752 2003 0.968 1.314 4,973 Travelers Federated High Yield Subaccount (3/03)... 2006 1.237 1.265 -- 2005 1.238 1.237 -- 2004 1.151 1.238 -- 2003 1.007 1.151 -- Travelers Federated Stock Subaccount (11/03)....... 2006 1.422 1.467 -- 2005 1.385 1.422 -- 2004 1.286 1.385 -- 2003 1.197 1.286 --
B-20 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Large Cap Subaccount (7/03).............. 2006 1.339 1.376 -- 2005 1.265 1.339 12,957 2004 1.219 1.265 12,957 2003 1.118 1.219 25,838 Travelers Managed Allocation Series: Aggressive Subaccount (10/05)................................. 2006 1.024 1.085 -- 2005 0.975 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.005 1.006 -- 2005 1.000 1.005 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.034 1.067 -- 2005 1.000 1.034 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (1/06)....................... 2006 1.047 1.088 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (8/05)..................... 2006 1.020 1.037 -- 2005 1.012 1.020 -- Travelers Mercury Large Cap Core Subaccount (4/03)............................................. 2006 1.489 1.576 -- 2005 1.364 1.489 -- 2004 1.208 1.364 -- 2003 1.006 1.208 -- Travelers MFS(R) Mid Cap Growth Subaccount (6/03).. 2006 1.465 1.545 -- 2005 1.459 1.465 11,157 2004 1.312 1.459 -- 2003 1.161 1.312 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.267 1.304 -- 2005 1.263 1.267 21,180 2004 1.163 1.263 13,242 2003 1.000 1.163 8,981 Travelers MFS(R) Value Subaccount (7/04)........... 2006 1.155 1.244 -- 2005 1.113 1.155 -- 2004 0.994 1.113 -- Travelers Mondrian International Stock Subaccount (5/03)............................................. 2006 1.587 1.817 -- 2005 1.487 1.587 6,192 2004 1.318 1.487 6,192 2003 1.085 1.318 12,320
B-21 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.350 1.428 -- 2005 1.307 1.350 -- 2004 1.207 1.307 43,393 2003 1.051 1.207 -- Travelers Pioneer Strategic Income Subaccount (7/04)............................................. 2006 1.098 1.105 -- 2005 1.087 1.098 -- 2004 1.014 1.087 28,951 Travelers Quality Bond Subaccount (5/03)........... 2006 1.022 1.009 -- 2005 1.032 1.022 -- 2004 1.025 1.032 -- 2003 1.026 1.025 -- Travelers Strategic Equity Subaccount (5/03)....... 2006 1.350 1.404 -- 2005 1.357 1.350 -- 2004 1.264 1.357 -- 2003 1.071 1.264 -- Travelers U.S. Government Securities Subaccount (7/04)............................................. 2006 1.061 1.020 -- 2005 1.044 1.061 -- 2004 1.007 1.044 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (5/03)............................................. 2007 1.714 1.631 -- 2006 1.516 1.714 -- 2005 1.494 1.516 -- 2004 1.306 1.494 -- 2003 1.114 1.306 -- Van Kampen LIT Enterprise Subaccount (Class II) (7/03)............................................. 2007 1.351 1.480 -- 2006 1.298 1.351 -- 2005 1.235 1.298 -- 2004 1.221 1.235 -- 2003 1.129 1.221 --
* We are currently waiving a portion of the Mortality and Expense Risk charge for this Subaccount. Please see "Fee Table -- Annual Separate Account Charges" for more information. The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts Owners in payout phase, where appropriate. B-22 If an accumulation unit value has no assets and units across all sub-accounts within the Separate Account, and has had no assets and units for the history displayed on the Condensed Financial Information in the past, then it may not be displayed. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 02/25/2005, The Travelers Series Trust-MFS Emerging Growth Portfolio merged into The Travelers Series Trust-MFS Mid Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Large Cap Growth Portfolio was replaced by Metropolitan Series Fund, Inc.-T. Rowe Price Large Cap Growth and is no longer available as a funding option. Effective on or about 05/01/2006, Capital Appreciation Fund merged into Met Investors Series Trust-Janus Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Delaware VIP Trust-Delaware VIP REIT Series was replaced by Met Investors Series Trust-Neuberger Berman Real Estate Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Value Opportunities V.I. Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Global Allocation V.I. Portfolio was replaced by Metropolitan Series Fund, Inc.- Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton VIP Trust-Mutual Shares Securities Fund was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton VIP Trust-Templeton Growth Securities Fund was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, High Yield Bond Trust merged into Metropolitan Series Fund, Inc.-Western Asset Management High Yield Bond Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Janus Aspen Series-Janus Aspen Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Managed Assets Trust merged into Met Investors Series Trust-Legg Mason Partners Managed Assets Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Money Market Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Money Market Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Oppenheimer Variable Account Funds-Oppenheimer Main Street Fund/VA was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-AIM Capital Appreciation Portfolio merged into Met Investors Series Trust-MET/AIM Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Convertible Securities Portfolio merged into Met Investors Series Trust-Lord Abbett Bond Debenture Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Disciplined Mid Cap Stock Portfolio merged into Met Investors Series Trust-Batterymarch Mid-Cap Stock Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Equity Income Portfolio merged into Metropolitan Series Fund, Inc.-FI Value Leaders Portfolio and is no longer available as a funding option. B-23 Effective on or about 05/01/2006, Travelers Series Trust-Federated High Yield Portfolio merged into Met Investors Series Trust-Federated High Yield Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Federated Stock Portfolio merged into Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Large Cap Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Conservative Portfolio merged into Metropolitan Series Fund, Inc.- MetLife Conservative Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Moderate -- Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate to Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Moderate -- Conservative Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Conservative to Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Managed Allocation Series: Moderate Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Mercury Large Cap Core Portfolio merged into Met Investors Series Trust-Mercury Large-Cap Core Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-MFS(R) Mid Cap Growth Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-MFS(R) Total Return Portfolio merged into Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-MFS(R) Value Portfolio merged into Met Investors Series Trust-MFS(R) Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Mondrian International Stock Portfolio merged into Met Investors Series Trust-Harris Oakmark International Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Pioneer Fund Portfolio merged into Met Investors Series Trust-Pioneer Fund Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Pioneer Strategic Income Portfolio merged into Met Investors Series Trust-Pioneer Strategic Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Strategic Equity Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Style Focus Series: Small Cap Growth Portfolio merged into Met Investors Series Trust-MET/AIM Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Style Focus Series: Small Cap Value Portfolio merged into Met Investors Series Trust-Dreman Small- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Travelers Series Trust-Travelers Quality Bond Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Bond Income Portfolio and is no longer available as a funding option. B-24 Effective on or about 05/01/2006, Travelers Series Trust-U.S. Government Securities Portfolio merged into Metropolitan Series Fund, Inc.-Western Asset Management U.S. Government Portfolio and is no longer available as a funding option. Effective on or about 11/13/2006, Lazard Retirement Series, Inc.-Lazard Retirement Small Cap Portfolio was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable All Cap Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Fundamental Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable Large Cap Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Large Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios V-Legg Mason Partners Variable Small Cap Growth Opportunities Portfolio merged into Legg Mason Partners Variable Equity Trust -- Legg Mason Partners Variable Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios II, Inc.-Legg Mason Partners Variable Aggressive Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios II- Legg Mason Partners Variable Growth and Income Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Appreciation Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Mid- Cap Value Portfolio was replaced by Met Investors Series Trust-Lord Abbett Mid- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class A was exchanged for Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class E and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Lazard Mid-Cap Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Metropolitan Series Funds, Inc.-Western Asset Management High Yield Bond Portfolio was merged into Met Investors Series Trust- BlackRock High Yield Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, PIMCO Variable Insurance Trust-Real Return Portfolio was replaced by Met Investors Series Trust-PIMCO Inflation Protected Bond Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT International Equity Fund was replaced by Met Investors Series Trust-MFS(R) Research International Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT Small Cap Value Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. B-25 THIS PAGE INTENTIONALLY LEFT BLANK. APPENDIX C - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION REGARDING UNDERLYING FUNDS Certain Underlying Funds were subject to a merger, substitution or other change. The chart below identifies the former name and new name of each of these Underlying Funds, and where applicable, the former name and new name of the trust of which the Underlying Fund is a part. UNDERLYING FUND NAME CHANGES
FORMER NAME NEW NAME - --------------------------------------------- --------------------------------------------- MET INVESTORS SERIES TRUST MET INVESTORS SERIES TRUST Neuberger Berman Real Estate Clarion Global Real Estate Portfolio -- Class A Portfolio -- Class A
UNDERLYING FUND MERGERS/REORGANIZATIONS The following former Underlying Funds were merged with and into the new Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- MET INVESTORS SERIES TRUST MET INVESTORS SERIES TRUST Batterymarch Mid-Cap Stock Lazard Mid Cap Portfolio -- Class A Portfolio -- Class A MET INVESTORS SERIES TRUST METROPOLITAN SERIES FUND, INC. MFS(R) Value Portfolio -- Class A MFS(R) Value Portfolio -- Class A
UNDERLYING FUND SUBSTITUTIONS The following new Underlying Funds were substituted for the former Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND METROPOLITAN SERIES FUND, INC. Appreciation Portfolio -- Initial Shares Davis Venture Value Portfolio -- Class A DREYFUS VARIABLE INVESTMENT FUND METROPOLITAN SERIES FUND, INC. Developing Leaders Portfolio -- Initial T. Rowe Price Small Cap Growth Shares Portfolio -- Class B FRANKLIN TEMPLETON VARIABLE INSURANCE MET INVESTORS SERIES TRUST PRODUCTS TRUST Templeton Developing Markets Securities MFS(R) Emerging Markets Equity Fund -- Class 2 Portfolio -- Class B JANUS ASPEN SERIES METROPOLITAN SERIES FUND, INC. Worldwide Growth Portfolio -- Service Oppenheimer Global Equity Portfolio -- Class Shares B
C-1 THIS PAGE INTENTIONALLY LEFT BLANK. APPENDIX D - -------------------------------------------------------------------------------- CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION The Statement of Additional Information contains more specific information and financial statements relating to the Separate Account and MetLife Insurance Company of Connecticut. A list of the contents of the Statement of Additional Information is set forth below: The Insurance Company Principal Underwriter Distribution and Principal Underwriting Agreement Valuation of Assets Federal Tax Considerations Independent Registered Public Accounting Firm Condensed Financial Information Financial Statements - -------------------------------------------------------------------------------- Copies of the Statement of Additional Information dated April 28, 2008 are available without charge. To request a copy, please clip this coupon on the line above, enter your name and address in the spaces provided below, and mail to MetLife Insurance Company of Connecticut, P.O. Box 10366, Des Moines, IA 50306- 0366. For the MetLife Insurance Company of Connecticut Statement of Additional Information please request MIC-Book-67-68-77-89. Name: ------------------------------------------------- Address: ---------------------------------------------- CHECK BOX: [ ] MIC-Book-67-68-77-89 D-1 SCUDDER ADVOCATE ADVISOR ANNUITY SCUDDER ADVOCATE ADVISOR-ST1 VARIABLE ANNUITY ISSUED BY METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES METLIFE INSURANCE COMPANY OF CONNECTICUT SUPPLEMENT DATED OCTOBER 13, 2008 TO THE PROSPECTUS DATED APRIL 28, 2008 Effective October 13, 2008, the Company combined MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 (the "Former Separate Account") with and into MetLife of CT Separate Account Eleven for Variable Annuities (the "Separate Account"). The Separate Account was established on November 14, 2002 and is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940, as amended. In connection with the combination of the Former Separate Account with and into the Separate Account (the "Combination"), we transferred the assets of the Former Separate Account to the Separate Account and the Separate Account assumed the liabilities and contractual obligations of the Former Separate Account. All references in your Prospectus to the Former Separate Account now refer to the Separate Account. The Combination does not affect you in any way. More particularly: - There are no changes in our obligations or your rights and benefits under the Contract as a result of the Combination. - Your Contract Value is not affected by the Combination and no charges have been or will be imposed in connection therewith. - The Variable Funding Options available under your Contract have not changed as a result of the Combination. - Your Contract Value is allocated to the same Variable Funding Options (with the same Accumulation Unit values or Annuity Unit values) as it was before the Combination. - The Combination does not result in any federal income tax consequences to you. If you have any questions, please contact us at 866-376-0389. SCUDDER ADVOCATE ADVISOR ANNUITY PROSPECTUS: METLIFE INSURANCE COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 METLIFE LIFE AND ANNUITY COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 APRIL 28, 2008 This prospectus describes SCUDDER ADVOCATE ADVISOR ANNUITY, a flexible premium deferred variable annuity contract (the "Contract") issued by MetLife Insurance Company of Connecticut. The Contract is available in connection with certain retirement plans that qualify for special federal income tax treatment ("Qualified Contracts") as well as those that do not qualify for such treatment ("Non-qualified Contracts"). We may issue it as an individual contract or as a group contract. When we issue a group contract, you will receive a certificate summarizing the Contract's provisions. For convenience, we refer to contracts and certificates as "Contracts." You can choose to have your premium ("Purchase Payments") accumulate on a variable basis in one or more of our funding options. Your Contract Value before the Maturity Date and the amount of monthly income afterwards will vary daily to reflect the investment experience of the Variable Funding Options you select. You bear the investment risk of investing in the Variable Funding Options. The Variable Funding Options available as of April 28, 2008 are: AIM VARIABLE INSURANCE FUNDS -- SERIES I Lord Abbett Growth and Income AIM V.I. Utilities Fund Portfolio -- Class B CREDIT SUISSE TRUST MFS(R) Emerging Markets Equity Global Small Cap Portfolio Portfolio -- Class A DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC. MFS(R) Research International -- Portfolio -- Class B SERVICE SHARES Pioneer Strategic Income Portfolio -- Class Dreyfus Socially Responsible Growth Fund, E Inc. T. Rowe Price Mid Cap Growth DWS VARIABLE SERIES I -- CLASS B Portfolio -- Class B DWS Capital Growth VIP Turner Mid Cap Growth Portfolio -- Class B DWS Global Opportunities VIP METROPOLITAN SERIES FUND, INC. DWS Health Care VIP BlackRock Bond Income Portfolio -- Class B DWS VARIABLE SERIES II -- CLASS B BlackRock Diversified Portfolio -- Class B DWS Conservative Allocation VIP BlackRock Large Cap Value DWS Dreman Small Mid Cap Value VIP Portfolio -- Class B DWS Global Thematic VIP BlackRock Money Market Portfolio -- Class B DWS Government & Agency Securities VIP Davis Venture Value Portfolio -- Class B DWS Growth Allocation VIP FI Value Leaders Portfolio -- Class B DWS Moderate Allocation VIP MetLife Stock Index Portfolio -- Class B DWS Technology VIP MFS(R) Total Return Portfolio -- Class B MET INVESTORS SERIES TRUST MFS(R) Value Portfolio -- Class E BlackRock High Yield Portfolio -- Class B T. Rowe Price Large Cap Growth Lazard Mid Cap Portfolio -- Class B Portfolio -- Class B T. Rowe Price Small Cap Growth Portfolio -- Class B THE ALGER AMERICAN FUND -- CLASS S Alger American Capital Appreciation
Certain Variable Funding Options have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds" for more information. THE CONTRACT IS NO LONGER OFFERED TO NEW PURCHASERS. This prospectus provides the information that you should know before investing in the Contract. Please keep this prospectus for future reference. You can receive additional information about your Contract by requesting a copy of the Statement of Additional Information ("SAI") dated April 28, 2008. We filed the SAI with the Securities and Exchange Commission ("SEC"), and it is incorporated by reference into this prospectus. To request a copy, write to us at P.O. Box 10366, Des Moines, IA 50306-0366, call 866-376-0389 or access the SEC's website (http://www.sec.gov). See Appendix D for the SAI's table of contents. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR THE ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. VARIABLE ANNUITY CONTRACTS ARE NOT DEPOSITS OF ANY BANK, AND ARE NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. TABLE OF CONTENTS
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2 GLOSSARY ACCUMULATION UNIT -- an accounting unit of measure used to calculate the value of this Contract before Annuity Payments begin. ANNUITANT -- the person on whose life the Maturity Date and Annuity Payments depend. ANNUITY PAYMENTS -- a series of periodic payments (a) for life; (b) for life with a minimum number of payments; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. ANNUITY UNIT -- an accounting unit of measure used to calculate the amount of Annuity Payments. CASH SURRENDER VALUE -- the Contract Value less any premium tax not previously deducted. CODE -- the Internal Revenue Code of 1986, as amended, and all related laws and regulations that are in effect during the term of this Contract. CONTINGENT ANNUITANT -- the individual who becomes the Annuitant when the Annuitant who is not the owner dies prior to the Maturity Date. CONTRACT DATE -- the date on which the Contract is issued. CONTRACT OWNER (YOU) -- the person named in the Contract (on the specifications page) as the owner of the Contract. CONTRACT VALUE -- Purchase Payments, plus or minus any investment experience on the amounts allocated to the variable funds, adjusted by applicable charges and withdrawals. CONTRACT YEARS -- twelve month periods beginning with the Contract Date. DEATH REPORT DATE -- the day on which we have received 1) Due Proof of Death and 2) written payment instructions or election of spousal or beneficiary contract continuation. DUE PROOF OF DEATH -- (i) a copy of a certified death certificate; (ii) a copy of a certified decree of a court of competent jurisdiction as to the finding of death; (iii) a written statement by a medical doctor who attended the deceased; or (iv) any other proof satisfactory to us. HOME OFFICE -- the Home Office of MetLife Insurance Company of Connecticut or any other office that we may designate for the purpose of administering this Contract. For transfer, withdrawal, surrender, and (if applicable) loan requests, our Home Office address is: MetLife, P.O. Box 10366, Des Moines, IA 50306-0366 (for overnight delivery or courier service only: 4700 Westown Parkway, Suite 200, West Des Moines, IA 50266). For Purchase Payments and (if applicable) loan repayments, our Home Office address is: MetLife, P.O. Box 371857, Pittsburgh, PA 15250-7857. MATURITY DATE -- the date on which the Annuity Payments are to begin. PAYMENT OPTION -- an annuity option elected under your Contract. PURCHASE PAYMENT -- any premium paid by you to initiate or supplement this Contract. QUALIFIED CONTRACT -- a contract used in a retirement plan or program that is intended to qualify under Sections 401, 403, 408, 408A or 414(d) of the Code. SEPARATE ACCOUNT -- a segregated account registered with the Securities and Exchange Commission ("SEC"), the assets of which are invested solely in the Underlying Funds. The assets of the Separate Account are held exclusively for the benefit of Contract Owners. SUBACCOUNT -- that portion of the assets of a Separate Account that is allocated to a particular Underlying Fund. UNDERLYING FUND -- a portfolio of an open-end management investment company that is registered with the SEC in which the Subaccounts invest. VALUATION DATE -- a date on which a Subaccount is valued. VALUATION PERIOD -- the period between successive valuations. 3 VARIABLE FUNDING OPTION -- a Subaccount of the Separate Account that invests in an Underlying Fund. WE, US, OUR -- MetLife Insurance Company of Connecticut. WRITTEN REQUEST -- written information sent to us in a form and content satisfactory to us and received at our Home Office. YOU, YOUR -- "You" is the Contract Owner and a natural person, a trust established for the benefit of a natural person or a charitable remainder trust. 4 SUMMARY: SCUDDER ADVOCATE ADVISOR ANNUITY THIS SUMMARY DETAILS SOME OF THE MORE IMPORTANT POINTS THAT YOU SHOULD KNOW AND CONSIDER BEFORE PURCHASING THE CONTRACT. PLEASE READ THE ENTIRE PROSPECTUS CAREFULLY. WHAT COMPANY WILL ISSUE MY CONTRACT? Your issuing company is MetLife Insurance Company of Connecticut ("the Company," "We" or "Us"). The Company sponsors the MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and the MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. Prior to December 7, 2007, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 was sponsored by MetLife Life and Annuity Company of Connecticut ("MLACC"). On that date, MLACC merged with and into the Company, and the Company became the sponsor of MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. THE CONTRACT IS NO LONGER AVAILABLE FOR SALE. It does continue to accept Purchase Payments from existing Contract Owners. CAN YOU GIVE ME A GENERAL DESCRIPTION OF THE CONTRACT? We designed the Contract for retirement savings or other long-term investment purposes. The Contract provides a death benefit as well as guaranteed payout options. You direct your payment(s) to one or more of the Variable Funding Options. The Variable Funding Options fluctuate with the investment performance of the Underlying Funds and are not guaranteed. You can also lose money in the Variable Funding Options. The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase and the payout phase (annuity period). During the accumulation phase generally, under a Qualified Contract, your pre-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal, presumably when you are in a lower tax bracket. During the accumulation phase, under a Non-qualified Contract, earnings on your after- tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. The payout phase occurs when you begin receiving payments from your Contract. The amount of money you accumulate in your Contract determines the amount of income (Annuity Payments) you receive during the payout phase. During the payout phase, you may choose one of a number of annuity options. You may receive income payments in the form of a variable annuity, a fixed annuity, or a combination of both. If you elect variable income payments, the dollar amount of your payments may increase or decrease. Once you choose one of the annuity options and begin to receive payments, it cannot be changed. WHO CAN PURCHASE THIS CONTRACT? The Contract is available for use in connection with (1) individual non-qualified purchases; (2) rollovers from Individual Retirement Annuities (IRAs); (3) rollovers from other qualified retirement plans and (4) beneficiary-directed transfers of death proceeds from another contract. Qualified Contracts include contracts qualifying under Section 401(a), 403(b), 408(b) or 408A of the Code. Purchase of this Contract through a tax qualified retirement plan ("Plan") does not provide any additional tax deferral benefits beyond those provided by the Plan. Accordingly, if you are purchasing this Contract through a Plan, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. The Contract is no longer available for sale. You may make additional payments of at least $500 at any time during the accumulation phase. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death proceeds. If your Contract was issued as a Qualified Contract under Section 403(b) of the Code in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted) as significant adverse tax consequences may result from such additional payments. (See "Federal Tax Considerations.") CAN I EXCHANGE MY CURRENT ANNUITY CONTRACT FOR THIS CONTRACT? The Code generally permits you to exchange one annuity contract for another in a "tax-free exchange." Therefore, you can transfer the proceeds from another annuity contract to purchase this Contract. Before making an exchange to acquire this Contract, you should carefully 5 compare this Contract to your current contract. You may have to pay a surrender charge under your current contract to exchange it for this Contract. The other fees and charges under this Contract may be higher or lower and the benefits may be different than those of your current contract. In addition, you may have to pay federal income or penalty taxes on the exchange if it does not qualify for tax-free treatment. You should not exchange another contract for this Contract unless you determine, after evaluating all the facts, the exchange is in your best interests. Remember that the person selling you the Contract generally will earn a commission on the sale. IS THERE A RIGHT TO RETURN PERIOD? If you cancel the Contract within ten days after you receive it, you will receive a full refund of your Contract Value plus any Contract charges and premium taxes you paid (but not fees and charges assessed by the Underlying Funds). Where state law requires a different right to return period, or the return of Purchase Payments, the Company will comply. You bear the investment risk on the Purchase Payment allocated to a Variable Funding Option during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. If you purchased your Contract as an Individual Retirement Annuity, and you return it within the first seven days after delivery, or longer if your state law permits, we will refund your full Purchase Payment. During the remainder of the right to return period, we will refund your Contract Value (including charges we assessed). We will determine your Contract Value at the close of business (generally, 4:00 p.m., Eastern Time) on the day we receive a Written Request for a refund. CAN YOU GIVE A GENERAL DESCRIPTION OF THE VARIABLE FUNDING OPTIONS AND HOW THEY OPERATE? The Variable Funding Options represent Subaccounts of the Separate Account. At your direction, the Separate Account, through its Subaccounts, uses your Purchase Payments to purchase shares of one or more of the Underlying Funds that holds securities consistent with its own investment policy. Depending on market conditions, you may make or lose money in any of these Variable Funding Options. You can transfer among the Variable Funding Options as frequently as you wish without any current tax implications. Currently there is no charge for transfers, nor a limit to the number of transfers allowed. We may, in the future, charge a fee for any transfer request, or limit the number of transfers allowed. At a minimum, we would always allow one transfer every six months. We reserve the right to restrict transfers that we determine will disadvantage other Contract Owners. WHAT EXPENSES WILL BE ASSESSED UNDER THE CONTRACT? The Contract has insurance features and investment features, and there are costs related to each. We deduct an administrative expense charge and a mortality and expense risk ("M&E") charge each business day from amounts you allocate to the Separate Account. We deduct the administrative expense charge at an annual rate of 0.15%. We deduct the M&E charge at an annual rate of 1.55% for the Standard Death Benefit, and 1.75% for the Enhanced Death Benefit. For Contracts with a value of less than $40,000, we also deduct an annual contract administrative charge of $30. Each Underlying Fund also charges for management costs and other expenses. If you select the Enhanced Stepped-Up Provision ("E.S.P."), an additional 0.20% annually will be deducted each business day from amounts in the Variable Funding Options. THIS PROVISION IS NOT AVAILABLE WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. If you elect a Guaranteed Minimum Withdrawal Benefit ("GMWB") rider, a charge will be deducted each business day from amounts in the Variable Funding Options. There are three GMWB rider options, and the current charge for each rider, on an annual basis, is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. HOW WILL MY PURCHASE PAYMENTS AND WITHDRAWALS BE TAXED? Generally, the payments you make to a Qualified Contract during the accumulation phase are made with before-tax dollars. Generally, you will be taxed on your Purchase Payments and on any earnings when you make a withdrawal or begin receiving Annuity Payments. Under a Non-qualified Contract, payments to the Contract are made with after-tax dollars, and earnings will generally accumulate tax-deferred. You will be taxed on these earnings when they are withdrawn from the Contract. If you are younger than 59 1/2 when you take money out, you may be charged a 10% federal penalty tax on the amount withdrawn. 6 For owners of Qualified Contracts, if you reach a certain age, you may be required by federal tax laws to begin receiving payments from your annuity or risk paying a penalty tax. In those cases, we can calculate and pay you the minimum required distribution amounts (see "Access to Your Money -- Systematic Withdrawals"). HOW MAY I ACCESS MY MONEY? You can take withdrawals any time during the accumulation phase. Income taxes and/or a penalty tax may apply to taxable amounts withdrawn. WHAT IS THE DEATH BENEFIT UNDER THE CONTRACT? The death benefit applies upon the first death of the Contract Owner, joint owner, or Annuitant. Assuming you are the Annuitant, the death benefit is as follows: If you die before the Contract is in the payout phase, the person you have chosen as your beneficiary will receive a death benefit. We calculate the death benefit value at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or the election of spousal or beneficiary contract continuance. Please refer to the Death Benefit section in the prospectus for more details. WHERE MAY I FIND OUT MORE ABOUT ACCUMULATION UNIT VALUES? The Condensed Financial Information in Appendix A or Appendix B to this prospectus provides more information about Accumulation Unit values. ARE THERE ANY ADDITIONAL FEATURES? This Contract has other features you may be interested in. These include: - DOLLAR COST AVERAGING. This is a program that allows you to invest a fixed amount of money in Variable Funding Options each month, theoretically giving you a lower average cost per unit over time than a single one-time purchase. Dollar Cost Averaging requires regular investments regardless of fluctuating price levels, and does not guarantee profits or prevent losses in a declining market. Potential investors should consider their financial ability to continue purchases through periods of low price levels. - SYSTEMATIC WITHDRAWAL OPTION. Before the Maturity Date, you can arrange to have money sent to you at set intervals throughout the year. Of course, any applicable income and penalty taxes will apply on amounts withdrawn. - AUTOMATIC REBALANCING. You may elect to have the Company periodically reallocate the values in your Contract to match the rebalancing allocation selected. - MANAGED DISTRIBUTION PROGRAM. This program allows us to automatically calculate and distribute to you, in November of the applicable tax year, an amount that will satisfy the Internal Revenue Service's minimum distribution requirements imposed on certain contracts once the owner reaches age 70 1/2 or retires. These minimum distributions occur during the accumulation phase. - ENHANCED STEPPED-UP PROVISION ("E.S.P."). For an additional charge, the total death benefit payable may be increased based on the earnings in your Contract. - SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY). If your spouse is named as an owner and/or beneficiary, and you die prior to the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. This feature applies to a spousal joint Contract Owner and/or beneficiary only. - BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES). If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the date of your death, that beneficiary may elect to continue his/her portion of the Contract and take required distributions over time, rather than have the death benefit paid to the beneficiary in a lump sum. - GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "GUARANTEED INCOME SOLUTION"). For an additional charge, we will guarantee the periodic return of your investment. Under this benefit, we will pay you a percentage of your investment every year until your investment has been returned in full, regardless of market performance. Depending on when you elect to begin receiving payments and which GMWB rider you select, the maximum amount of your investment that you receive each year is 5% or 10%. When you add Purchase Payments to your Contract, we include them as part of the guarantee. In the future, however, we may discontinue including additional Purchase Payments as part of the guarantee. The guarantee is subject to restrictions on withdrawals and other restrictions. 7 FEE TABLE - -------------------------------------------------------------------------------- The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer Contract Value between Variable Funding Options. Expenses shown do not include premium taxes, which may be applicable. CONTRACT OWNER TRANSACTION EXPENSES TRANSFER CHARGE......................................... $10(1) (assessed on transfers that exceed 12 per year)
The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including Underlying Fund fees and expenses. CONTRACT ADMINISTRATIVE CHARGES ANNUAL CONTRACT ADMINISTRATIVE CHARGE................... $30(2)
ANNUAL SEPARATE ACCOUNT CHARGES: (as a percentage of the average daily net assets of the Separate Account) We will assess a minimum mortality and expense risk charge ("M&E") of 1.55% and a maximum administrative expense charge of 0.15% on all contracts. In addition, for optional features there is a 0.20% charge for E.S.P., a 0.40% current charge (maximum of 1.00% upon reset) for GMWB I, a 0.50% current charge (maximum of 1.00% upon reset) for GMWB II, and a 0.25% charge for GMWB III. Below is a summary of all charges that may apply, depending on the death benefit and optional features you select:
STANDARD DEATH BENEFIT ENHANCED DEATH BENEFIT ---------------------- ---------------------- Mortality and Expense Risk Charge*..................... 1.55% 1.75% Administrative Expense Charge.......................... 0.15% 0.15% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH NO OPTIONAL FEATURES SELECTED.................................... 1.70% 1.90% Optional E.S.P. Charge................................. 0.20% 0.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. ONLY SELECTED............................................. 1.90% 2.10% Optional GMWB I Charge (maximum upon reset)............ 1.00%(3) 1.00%(3) Optional GMWB II Charge (maximum upon reset)........... 1.00%(3) 1.00%(3) Optional GMWB III Charge .............................. 0.25% 0.25% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB I ONLY SELECTED............................................. 2.70% 2.90% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB II ONLY SELECTED............................................. 2.70% 2.90% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB III ONLY SELECTED........................................ 1.95% 2.15% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB I SELECTED...................................... 2.90% 3.10% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB II SELECTED..................................... 2.90% 3.10% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB III SELECTED.................................... 2.15% 2.35%
- --------- * We will waive the following amounts of the Mortality and Expense Risk Charge: the amount, if any, equal to the underlying fund expenses that are in excess of 0.63% for the Subaccount investing in the MetLife Stock Index Portfolio, the amount, if any, equal to the underlying fund expenses that are in excess of 1.34% for the Subaccount investing in the T. Rowe Price Mid Cap Growth Portfolio, the amount, if any, equal to the underlying fund expenses that are in excess of 1.08% for the Subaccount investing in the FI Value Leaders Portfolio, the 8 amount, if any, equal to the underlying fund expenses that are in excess of 1.24% for the Subaccount investing in the Pioneer Strategic Income Portfolio, the amount, if any, equal to the underlying fund expenses that are in excess of 1.10% for the Subaccount investing in the BlackRock High Yield Portfolio, and the amount, if any, equal to the underlying fund expenses that are in excess of 0.87% for the Subaccount investing in the Lord Abbett Growth and Income Portfolio of the Met Investors Series Trust. (1) We do not currently assess the transfer charge. (2) We do not assess this charge if Contract Value is $40,000 or more on the fourth Friday of each August. (3) The current charges for the available GMWB riders with a reset feature (see "Access to Your Money -- Guaranteed Minimum Withdrawal benefit") are 0.40% for GMWB I and 0.50% for GMWB II. UNDERLYING FUND EXPENSES AS OF DECEMBER 31, 2007 (UNLESS OTHERWISE INDICATED): The first table below shows the range (minimum and maximum) of the total annual operating expenses charged by all of the Underlying Funds, before any voluntary or contractual fee waivers and/or expense reimbursements. The second table shows each Underlying Fund's management fee, distribution and/or service (12b-1) fees if applicable, and other expenses. The Underlying Funds provided this information and we have not independently verified it. More detail concerning each Underlying Fund's fees and expenses is contained in the prospectus for each Underlying Fund. Current prospectuses for the Underlying Funds can be obtained by calling 866-376-0389. MINIMUM AND MAXIMUM TOTAL ANNUAL UNDERLYING FUND OPERATING EXPENSES
MINIMUM MAXIMUM ------- ------- TOTAL ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Underlying Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses) 0.54% 1.68%
UNDERLYING FUND FEES AND EXPENSES (as a percentage of average daily net assets)
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- AIM VARIABLE INSURANCE FUNDS -- SERIES I AIM V.I. Utilities Fund........ 0.60% -- 0.34% -- 0.94% 0.01% 0.93%(1) CREDIT SUISSE TRUST Global Small Cap Portfolio..... 1.25% -- 0.33% -- 1.58% -- 1.58% DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC. -- SERVICE SHARES Dreyfus Socially Responsible Growth Fund, Inc. .......... 0.75% 0.25% 0.07% -- 1.07% -- 1.07% DWS VARIABLE SERIES I -- CLASS B DWS Capital Growth VIP......... 0.37% 0.25% 0.13% -- 0.75% -- 0.75%(2) DWS Global Opportunities VIP... 0.89% 0.25% 0.21% -- 1.35% -- 1.35%(2) DWS Health Care VIP............ 0.67% 0.25% 0.23% -- 1.15% -- 1.15%(2) DWS VARIABLE SERIES II -- CLASS B DWS Conservative Allocation VIP......................... 0.07% 0.25% 0.37% 0.64% 1.33% -- 1.33%(3, 4) DWS Dreman Small Mid Cap Value VIP......................... 0.64% 0.25% 0.28% -- 1.17% -- 1.17%(4) DWS Global Thematic VIP........ 0.92% 0.25% 0.50% 0.01% 1.68% 0.22% 1.46%(4, 5) DWS Government & Agency Securities VIP.............. 0.45% 0.25% 0.34% -- 1.04% -- 1.04%(4) DWS Growth Allocation VIP...... 0.07% 0.25% 0.27% 0.73% 1.32% -- 1.32%(3, 4) DWS Moderate Allocation VIP.... 0.07% 0.25% 0.27% 0.71% 1.30% -- 1.30%(3, 4) DWS Technology VIP............. 0.67% 0.25% 0.37% -- 1.29% -- 1.29%(4) MET INVESTORS SERIES TRUST BlackRock High Yield Portfolio -- Class B........ 0.60% 0.25% 0.13% -- 0.98% -- 0.98%(6) Lazard Mid Cap Portfolio -- Class B........ 0.69% 0.25% 0.06% -- 1.00% -- 1.00% Lord Abbett Growth and Income Portfolio -- Class B........ 0.49% 0.25% 0.03% -- 0.77% -- 0.77%
9
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- MFS(R) Emerging Markets Equity Portfolio -- Class A........ 1.00% -- 0.25% -- 1.25% -- 1.25% MFS(R) Research International Portfolio -- Class B........ 0.70% 0.25% 0.09% -- 1.04% -- 1.04% Pioneer Strategic Income Portfolio -- Class E........ 0.60% 0.15% 0.09% -- 0.84% -- 0.84%(7) T. Rowe Price Mid Cap Growth Portfolio -- Class B........ 0.75% 0.25% 0.05% -- 1.05% -- 1.05% Turner Mid Cap Growth Portfolio -- Class B........ 0.77% 0.25% 0.06% -- 1.08% -- 1.08% METROPOLITAN SERIES FUND, INC. BlackRock Bond Income Portfolio -- Class B........ 0.38% 0.25% 0.06% -- 0.69% 0.01% 0.68%(8) BlackRock Diversified Portfolio -- Class B........ 0.44% 0.25% 0.06% -- 0.75% -- 0.75% BlackRock Large Cap Value Portfolio -- Class B........ 0.68% 0.25% 0.06% -- 0.99% -- 0.99% BlackRock Money Market Portfolio -- Class B........ 0.33% 0.25% 0.07% -- 0.65% 0.01% 0.64%(9) Davis Venture Value Portfolio -- Class B........ 0.69% 0.25% 0.04% -- 0.98% -- 0.98% FI Value Leaders Portfolio -- Class B........ 0.64% 0.25% 0.07% -- 0.96% -- 0.96% MetLife Stock Index Portfolio -- Class B........ 0.25% 0.25% 0.04% -- 0.54% 0.01% 0.53%(10) MFS(R) Total Return Portfolio -- Class B........ 0.53% 0.25% 0.05% -- 0.83% -- 0.83% MFS(R) Value Portfolio -- Class E........................... 0.72% 0.15% 0.05% -- 0.92% 0.07% 0.85%(11) T. Rowe Price Large Cap Growth Portfolio -- Class B........ 0.60% 0.25% 0.07% -- 0.92% -- 0.92% T. Rowe Price Small Cap Growth Portfolio -- Class B........ 0.51% 0.25% 0.08% -- 0.84% -- 0.84% THE ALGER AMERICAN FUND -- CLASS S Alger American Capital Appreciation................ 0.81% 0.25% 0.16% -- 1.22% 0.04% 1.18%(12)
- --------- * Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by a portfolio as a result of investing in shares of one or more underlying portfolios. ** Net Total Annual Operating Expenses do not reflect: (1) voluntary waivers of fees or expenses; (2) contractual waivers that are in effect for less than one year from the date of this Prospectus; or (3) expense reductions resulting from custodial fee credits or directed brokerage arrangements. (1) The Fund's advisor has contractually agreed to waive advisory fees and/or reimburse expenses to the extent necessary to limit total annual fund operating expenses (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary items; (v) expenses related to a merger or reorganization, as approved by the Fund's Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) to 0.93% of average daily net assets. The expense limitation agreement is in effect through at least April 30, 2009. (2) Other Expenses are based on estimated amounts for the current fiscal year. Actual expenses may be different. (3) The Portfolio is a "fund of funds" that invests substantially all of its assets in other DWS portfolios. Because the Portfolio invests in other underlying portfolios, the Portfolio will bear its pro rata portion of the operating expenses of the underlying portfolios in which it invests, including the management fee. (4) Portfolio operating expenses have been restated on an annual basis to reflect approved fee changes taking effect on May 1, 2008 and include a 0.10% administrative services fee paid to the advisor. (5) Through April 30, 2009, the advisor has contractually agreed to waive all or a portion of its management fee and reimburse or pay certain operating expenses of the portfolio so that total annual operating expenses of the portfolio will not exceed 1.45% excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest and indirect expenses of underlying DWS portfolios. (6) This is a new share class for this Portfolio. Operating expenses are estimated based on the expenses of the Class A shares of the Portfolio. (7) This is a new share class for this Portfolio. Operating expenses are estimated based on the expenses of the Class A shares of the Portfolio. The Management Fee has been restated to reflect an amended management fee agreement, as if the agreement had been in effect during the preceding fiscal year. (8) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.325% for the amounts over $1 billion but less than $2 billion. (9) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.345% for the first $500 million of the Portfolio's average daily net assets and 0.335% for the next $500 million. (10) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to 0.243%. (11) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.65% for the first $1.25 billion of the Portfolio's average daily net assets, 0.60% for the next $250 million and 0.50% for amounts over $1.5 billion. (12) Effective December 1, 2006 through November 30, 2011, the Manager has contractually agreed to waive .035% of its Advisory Fees. 10 EXAMPLE This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Contract Owner transaction expenses, contract fees, separate account annual expenses, and Underlying Fund total annual operating expenses. This example do not represent past or future expenses. Your actual expenses may be more or less than those shown. This example assumes that you invest $10,000 in the Contract for the time periods indicated and that your investment has a 5% return each year. The example reflects the annual contract administrative charge, factoring in that the charge is waived for contracts over a certain value. Additionally, the example is based on the minimum and maximum Underlying Fund total annual operating expenses shown above, and does not reflect any Underlying Fund fee waivers and/or expense reimbursements. The example assumes you have elected all of the available optional benefits and that you have allocated all of your Contract Value to either the Underlying Fund with the maximum total annual operating expenses or the Underlying Fund with the minimum total annual operating expenses. The example assumes that the maximum charge of 1.00% for the Guaranteed Minimum Withdrawal Benefit (GMWB I or II) applies in all contract years. Your actual expenses will be less than those shown if you do not elect all of the optional benefits. EXAMPLE -- This example assumes that you have elected the most expensive death benefit option, the E.S.P. optional death benefit, and the GMWB I or GMWB II (assuming the maximum charge of 1.00% applies in all contract years).
IF CONTRACT IS SURRENDERED AT THE IF CONTRACT IS NOT SURRENDERED OR END OF PERIOD SHOWN ANNUITIZED AT END OF PERIOD SHOWN ---------------------------------------------- ---------------------------------------------- FUNDING OPTION 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Underlying Fund with Maximum Total Annual Operating Expenses......... $482 $1,447 $2,414 $4,836 $482 $1,447 $2,414 $4,836 Underlying Fund with Minimum Total Annual Operating Expenses......... $369 $1,117 $1,879 $3,850 $369 $1,117 $1,879 $3,850
CONDENSED FINANCIAL INFORMATION - -------------------------------------------------------------------------------- See Appendices A and B. THE ANNUITY CONTRACT - -------------------------------------------------------------------------------- Scudder Advocate Advisor Annuity is a contract between the Contract Owner ("you") and the Company. This is the prospectus -- it is not the Contract. The prospectus highlights many Contract provisions to focus your attention on the Contract's essential features. Your rights and obligations under the Contract will be determined by the language of the Contract itself. When you receive your Contract, we suggest you read it promptly and carefully. There may be differences in your Contract from the descriptions in this prospectus because of the requirements of the state where we issued your Contract. We will include any such differences in your Contract. The Company offers several different annuities that your investment professional may be authorized to offer to you. Each annuity offers different features and benefits that may be appropriate for you. In particular, the annuities differ based on variations in the standard and optional death benefit protection provided for your beneficiaries, the availability of optional living benefits, the ability to access your Contract Value if necessary and the charges that you will be subject to if you make a withdrawal or surrender the annuity. The separate account charges and other charges may be different between each annuity we offer. Optional death benefits and living benefits are subject to a separate charge for the additional protections they offer to you and your beneficiaries. Furthermore, annuities that offer greater flexibility to access your Contract Value generally are subject to higher separate account charges than annuities that deduct charges if you make a withdrawal or surrender. 11 We encourage you to evaluate the fees, expenses, benefits and features of this annuity against those of other investment products, including other annuity products offered by us and other insurance companies. Before purchasing this or any other investment product you should consider whether the product you purchase is consistent with your risk tolerance, investment objectives, investment time horizon, financial and tax situation, liquidity needs and how you intend to use the annuity. You make Purchase Payments to us and we credit them to your Contract. We promise to pay you an income, in the form of Annuity Payments, beginning on a future date that you choose, the Maturity Date. The Purchase Payments accumulate tax- deferred in the funding options of your choice. We offer multiple Variable Funding Options. The Contract Owner assumes the risk of gain or loss according to the performance of the Variable Funding Options. The Contract Value is the amount of Purchase Payments, plus or minus any investment experience on the amounts you allocate to the Separate Account. The Contract Value also reflects all withdrawals made and charges deducted. There is generally no guarantee that at the Maturity Date the Contract Value will equal or exceed the total Purchase Payments made under the Contract. The date the Contract and its benefits become effective is referred to as the Contract Date. Each 12-month period following the Contract Date is called a Contract Year. Certain changes and elections must be made in writing to the Company. Where the term "Written Request" is used, it means that you must send written information to our Home Office in a form and content satisfactory to us. The contract is not available to new purchasers. However, you may continue to make additional Purchase Payments or transfer Contract Value among the Variable Funding Options. Since optional death benefits carry higher charges, you should consider the ages of the owner and Annuitant when electing these benefits, as the additional value provided by the benefit may be significantly reduced or eliminated depending on the ages of the owner and Annuitant at the time of election. Purchase of this Contract through a tax qualified retirement plan or IRA does not provide any additional tax deferral benefits beyond those provided by the plan or the IRA. Accordingly, if you are purchasing this Contract through a plan or IRA, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. You should consult with your tax adviser to determine if this Contract is appropriate for you. CONTRACT OWNER INQUIRIES Any questions you have about your Contract should be directed to our Home Office at 866-376-0389. PURCHASE PAYMENTS Your initial Purchase Payment is due and payable before the Contract becomes effective. The initial Purchase Payment must be at least $15,000. You may make additional payments of at least $500 at any time. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death benefit proceeds. Under certain circumstances, we may waive the minimum Purchase Payment requirement. Purchase Payments over $1,000,000 may be made only with our prior consent. Purchase Payments may be made at any time while the Annuitant is alive and before the date Annuity Payments begin. We accept Purchase Payments made by check or cashier's check. We do not accept cash, money orders or traveler's checks. We reserve the right to refuse Purchase Payments made via a personal check in excess of $100,000. Purchase Payments over $100,000 may be accepted in other forms, including but not limited to, EFT/wire transfers, certified checks, corporate checks, and checks written on financial institutions. The form in which we receive a Purchase Payment may determine how soon subsequent disbursement requests may be fulfilled. (See "Access To Your Money.") We will apply the initial Purchase Payment less any applicable premium tax within two business days after we receive it at our Home Office with a properly completed application or order request. If your request or other information accompanying the initial Purchase Payment is incomplete when received, we will hold the Purchase Payment for up to five business days. If we cannot obtain the necessary information within five business days, we will return the Purchase Payment in full, unless you specifically consent for us to keep it until you provide the necessary information. 12 We will credit any subsequent Purchase Payment to a Contract on the same business day we receive it, if it is received in good order by our Home Office by 4:00 p.m. Eastern time. A business day is any day that the New York Stock Exchange is open for regular trading (except when trading is restricted due to an emergency as defined by the Securities and Exchange Commission). IF YOU SEND YOUR PURCHASE PAYMENTS OR TRANSACTION REQUESTS TO AN ADDRESS OTHER THAN THE ONE WE HAVE DESIGNATED FOR RECEIPT OF SUCH PURCHASE PAYMENTS OR REQUESTS, WE MAY RETURN THE PURCHASE PAYMENT TO YOU, OR THERE MAY BE A DELAY IN APPLYING THE PURCHASE PAYMENT OR TRANSACTION TO YOUR CONTRACT. QUALIFIED CONTRACTS UNDER SECTION 403(B). If your Contract was issued as a Qualified Contract under Section 403(b) of the Code (also called a "tax sheltered annuity" or "TSA") in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments. Such additional payments may have significant adverse tax consequences. (See "Federal Tax Consequences.") ACCUMULATION UNITS The period between the Contract Date and the Maturity Date is the accumulation period. During the accumulation period, an Accumulation Unit is used to calculate the value of a Contract. Each Variable Funding Option has a corresponding Accumulation Unit value. The Accumulation Units are valued each business day and their values may increase or decrease from day to day. The daily change in value of an Accumulation Unit each day is based on the investment performance of the corresponding Underlying Fund, and the deduction of separate account charges shown in the Fee Table in this prospectus. The number of Accumulation Units we will credit to your Contract once we receive a Purchase Payment or transfer request (or, liquidate for a withdrawal request) is determined by dividing the amount directed to each Variable Funding Option (or, taken from each Variable Funding Option) by the value of its Accumulation Unit. Normally, we calculate the value of an Accumulation Unit for each Variable Funding Option as of the close of regular trading (generally 4:00 p.m. Eastern time) each day the New York Stock Exchange is open. After the value is calculated, we credit your Contract. During the annuity period (i.e., after the Maturity Date), you are credited with Annuity Units. THE VARIABLE FUNDING OPTIONS You choose the Variable Funding Options to which you allocate your Purchase Payments. From time to time we may make new Variable Funding Options available. These Variable Funding Options are Subaccounts of the Separate Account. The Subaccounts invest in the Underlying Funds. You are not investing directly in the Underlying Fund. Each Underlying Fund is a portfolio of an open-end management investment company that is registered with the SEC under the Investment Company Act of 1940. These Underlying Funds are not publicly traded and are only offered through variable annuity contracts, variable life insurance policies, and in some instances, certain retirement plans. They are not the same as the retail mutual funds offered outside of a variable annuity or variable life insurance product, although the investment practices and fund names may be similar and the portfolio managers may be identical. Accordingly, the performance of the retail mutual fund is likely to be different from that of the Underlying Fund. We select the Underlying Funds offered through this Contract based on a number of criteria, including asset class coverage, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor we consider during the selection process is whether the Underlying Fund's adviser or subadviser is one of our affiliates or whether the Underlying Fund, its adviser, its subadviser(s), or an affiliate will make payments to us or our affiliates. In this regard, the profit distributions we receive from our affiliated investment advisers are a component of the total revenue that we consider in configuring the features and investment choices available in the variable insurance products that we and our affiliated insurance companies issue. Since we and our affiliated insurance companies may benefit more from the allocation of assets to portfolios advised by our affiliates than those that are not, we may be more inclined to offer portfolios advised by our affiliates in the variable insurance products we issue. For additional information on these arrangements, see "Payments We Receive." We review the Underlying Funds periodically and may remove an Underlying Fund or limit its availability to new Purchase Payments and/or transfers of Contract Value if we determine that the Underlying Fund no longer meets one or more of the selection criteria, and/or if the Underlying Fund has not attracted significant allocations from Contract Owners. In some cases, we have included Underlying Funds based on recommendations made by broker-dealer firms. These broker-dealer firms may receive payments from the 13 Underlying Funds they recommend and may benefit accordingly from the allocation of Contract Value to such Underlying Funds. When the Company develops a variable product in cooperation with a fund family or distributor (e.g. a "private label" product) the Company will generally include Underlying Funds based on recommendations made by the fund family or distributor, whose selection criteria may differ from the Company's selection criteria. WE DO NOT PROVIDE ANY INVESTMENT ADVICE AND DO NOT RECOMMEND OR ENDORSE ANY PARTICULAR UNDERLYING FUND. YOU BEAR THE RISK OF ANY DECLINE IN YOUR CONTRACT VALUE RESULTING FROM THE PERFORMANCE OF THE UNDERLYING FUNDS YOU HAVE CHOSEN. If investment in the Underlying Funds or a particular Underlying Fund is no longer possible, in our judgment becomes inappropriate for purposes of the Contract, or for any other reason in our sole discretion, we may substitute another Underlying Fund or Underlying Funds without your consent. The substituted Underlying Fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future Purchase Payments, or both. However, we will not make such substitution without any necessary approval of the Securities and Exchange Commission and applicable state insurance departments. Furthermore, we may close Underlying Funds to allocations of Purchase Payments or Contract Value, or both, at any time in our sole discretion. In certain circumstances, our ability to remove or replace an Underlying Fund may be limited by the terms of an agreement with DWS Investments ("DWS") relating to the offering under the Contract of certain Underlying Funds advised by DWS affiliates. That agreement, which was terminated on December 30, 2005, provided that we would not remove or replace as Variable Funding Options, for three years following the agreement's termination (i.e., through December 30, 2008), any of the portfolios of DWS Investments VIT Funds, DWS Variable Series I or DWS Variable Series II without the prior consent of DWS. PAYMENTS WE RECEIVE. As described above, an investment adviser (other than our affiliates MetLife Advisers, LLC, and Met Investors Advisory LLC) or subadviser of an Underlying Fund, or its affiliates, may make payments to the Company and/or certain of its affiliates. These payments may be used for a variety of purposes, including payment of expenses for certain administrative, marketing and support services with respect to the Contracts, and, in the Company's role as an intermediary, with respect to the Underlying Funds. The Company and its affiliates may profit from these payments. These payments may be derived, in whole or in part, from the advisory fee deducted from Underlying Fund assets. Contract Owners, through their indirect investment in the Underlying Funds, bear the costs of these advisory fees (see the Underlying Funds' prospectuses for more information). The amount of the payments we receive is based on a percentage of assets of the Underlying Funds attributable to the Contracts and certain other variable insurance products that the Company and its affiliates issue. These percentages differ and some advisers or subadvisers (or other affiliates) may pay the Company more than others. These percentages currently range up to 0.50%. Additionally, an investment adviser or subadviser of an Underlying Fund or its affiliates may provide the Company with wholesaling services that assist in the distribution of the Contracts and may pay the Company and/or certain of its affiliates amounts to participate in sales meetings. These amounts may be significant and may provide the adviser or subadviser (or their affiliate) with increased access to persons involved in the distribution of the Contracts. The Company and/or certain of its affiliated insurance companies have joint ownership interests in its affiliated investment advisers MetLife Advisers, LLC and Met Investors Advisory LLC, which are formed as "limited liability companies." The Company's ownership interests in MetLife Advisers, LLC and Met Investors Advisory LLC entitle us to profit distributions if the adviser makes a profit with respect to the advisory fees it receives from the Underlying Fund. The Company will benefit accordingly from assets allocated to the Underlying Funds to the extent they result in profits to the advisers. (See "Fee Table -- Underlying Fund Fees and Expenses" for information on the management fees paid by the Underlying Funds and the Statement of Additional Information for the Underlying Funds for information on the management fees paid by the advisers to the subadvisers.) Certain Underlying Funds have adopted a Distribution Plan under Rule 12b-1 of the Investment Company Act of 1940. An Underlying Fund's 12b-1 Plan, if any, is described in more detail in the Underlying Fund's prospectus. (See "Fee Table -- Underlying Fund Fees and Expenses" and "Other Information -- Distribution of Variable Annuity Contracts.") Any payments we receive pursuant to those 12b-1 Plans are paid to us or our distributor, MetLife Investors Distribution Company. Payments under an Underlying Fund's 12b-1 Plan decrease the Underlying Fund's investment return. 14 Each Underlying Fund has different investment objectives and risks. The Underlying Fund prospectuses contain more detailed information on each Underlying Fund's investment strategy, investment advisers and its fees. You may obtain an Underlying Fund prospectus by calling 866-376-0389 or through your registered representative. We do not guarantee the investment results of the Underlying Funds. The current Underlying Funds are listed below, along with their investment advisers and any subadviser:
FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- AIM VARIABLE INSURANCE FUNDS -- SERIES I AIM V.I. Utilities Fund The fund's investment objectives Invesco Aim Advisors, Inc. are capital growth and income. Subadvisers: Invesco Trimark The fund seeks to meet its Investment Management Inc.; objective by investing, normally, Invesco Global Asset Management at least 80% of its net assets, (N.A.), Inc.; Invesco plus the amount of borrowings for Institutional (N.A.), Inc.; investment purposes, in the Invesco Senior Secured equity securities of issuers Management, Inc.; Invesco Hong engaged primarily in utilities- Kong Limited; Invesco Asset related industries. Management Limited; Invesco Asset Management (Japan) Limited; Invesco Asset Management Deutschland, GmbH; and Invesco Australia Limited CREDIT SUISSE TRUST Global Small Cap Portfolio Seeks long-term growth of Credit Suisse Asset Management, capital. LLC DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC. -- SERVICE SHARES Dreyfus Socially Responsible The fund seeks to provide capital The Dreyfus Corporation Growth Fund, Inc. growth, with current income as a Subadviser: Mellon Capital secondary goal. Management LLC DWS VARIABLE SERIES I -- CLASS B DWS Capital Growth VIP Seeks to provide long-term growth Deutsche Investment Management of capital. Americas Inc. DWS Global Opportunities VIP Seeks above-average capital Deutsche Investment Management appreciation over the long-term. Americas Inc. DWS Health Care VIP Seeks long-term growth of Deutsche Investment Management capital. Americas Inc. DWS VARIABLE SERIES II -- CLASS B DWS Conservative Allocation VIP Seeks a balance of current income Deutsche Investment Management and long-term growth of capital Americas Inc. with an emphasis on current income. DWS Dreman Small Mid Cap Value Seeks long-term capital Deutsche Investment Management VIP appreciation. Americas Inc. Subadviser: Dreman Value Management, L.L.C. DWS Global Thematic VIP Seeks long-term capital growth. Deutsche Investment Management Americas Inc. DWS Government & Agency Seeks high current income Deutsche Investment Management Securities VIP consistent with preservation of Americas Inc. capital. DWS Growth Allocation VIP Seeks long-term growth of Deutsche Investment Management capital. Americas Inc. DWS Moderate Allocation VIP Seeks a balance of long-term Deutsche Investment Management growth of capital and current Americas Inc. income with an emphasis on growth of capital.
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- DWS Technology VIP Seeks growth of capital. Deutsche Investment Management Americas Inc. MET INVESTORS SERIES TRUST BlackRock High Yield Seeks to maximize total return, Met Investors Advisory, LLC Portfolio -- Class B consistent with income generation Subadviser: BlackRock Financial and prudent investment Management, Inc. management. Lazard Mid Cap Portfolio -- Class Seeks long-term growth of Met Investors Advisory, LLC B capital. Subadviser: Lazard Asset Management LLC Lord Abbett Growth and Income Seeks long-term growth of capital Met Investors Advisory, LLC Portfolio -- Class B and income without excessive Subadviser: Lord, Abbett & Co. fluctuation in market value. LLC MFS(R) Emerging Markets Equity Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class A Subadviser: Massachusetts Financial Services Company MFS(R) Research International Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B Subadviser: Massachusetts Financial Services Company Pioneer Strategic Income Seeks a high level of current Met Investors Advisory, LLC Portfolio -- Class E income. Subadviser: Pioneer Investment Management, Inc. T. Rowe Price Mid Cap Growth Seeks long-term growth of Met Investors Advisory, LLC Portfolio -- Class B capital. Subadviser: T. Rowe Price Associates, Inc. Turner Mid Cap Growth Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B Subadviser: Tuner Investment Partners, Inc. METROPOLITAN SERIES FUND, INC. BlackRock Bond Income Seeks a competitive total return MetLife Advisers, LLC Portfolio -- Class B primarily from investing in Subadviser: BlackRock Advisors, fixed-income securities. LLC BlackRock Diversified Seeks high total return while MetLife Advisers, LLC Portfolio -- Class B attempting to limit investment Subadviser: BlackRock Advisors, risk and preserve capital. LLC BlackRock Large Cap Value Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class B capital. Subadviser: BlackRock Advisors, LLC BlackRock Money Market Seeks a high level of current MetLife Advisers, LLC Portfolio -- Class B income consistent with Subadviser: BlackRock Advisors, preservation of capital. LLC Davis Venture Value Seeks growth of capital. MetLife Advisers, LLC Portfolio -- Class B Subadviser: Davis Selected Advisers, L.P. FI Value Leaders Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class B capital. Subadviser: Pyramis Global Advisors, LLC MetLife Stock Index Seeks to equal the performance of MetLife Advisers, LLC Portfolio -- Class B the Standard & Poor's 500(R) Subadviser: MetLife Investment Composite Stock Price Index. Advisors Company, LLC MFS(R) Total Return Seeks a favorable total return MetLife Advisers, LLC Portfolio -- Class B through investment in a Subadviser: Massachusetts diversified portfolio. Financial Services Company
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- MFS(R) Value Portfolio -- Class E Seeks capital appreciation and MetLife Advisers, LLC reasonable income. Subadviser: Massachusetts Financial Services Company T. Rowe Price Large Cap Growth Seeks long-term growth of capital MetLife Advisers, LLC Portfolio -- Class B and, secondarily, dividend Subadviser: T. Rowe Price income. Associates, Inc. T. Rowe Price Small Cap Growth Seeks long-term capital growth. MetLife Advisers, LLC Portfolio -- Class B Subadviser: T. Rowe Price Associates, Inc. THE ALGER AMERICAN FUND -- CLASS S Alger American Capital Seeks long-term capital Fred Alger Management, Inc. Appreciation appreciation.
Certain Variable Funding Options may have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds." CHARGES AND DEDUCTIONS - -------------------------------------------------------------------------------- GENERAL We deduct the charges described below. The charges are for the services and benefits we provide, costs and expenses we incur, and risks we assume under the Contracts. Services and benefits we provide include: - the ability for you to make withdrawals and surrenders under the Contracts - the death benefit paid on the death of the Contract Owner, Annuitant, or first of the joint owners - the available funding options and related programs (including dollar cost averaging, portfolio rebalancing, and systematic withdrawal programs) - administration of the annuity options available under the Contracts - the distribution of various reports to Contract Owners Costs and expenses we incur include: - losses associated with various overhead and other expenses associated with providing the services and benefits provided by the Contracts - sales and marketing expenses including commission payments to your registered representative - other costs of doing business Risks we assume include: - that Annuitants may live longer than estimated when the annuity factors under the Contracts were established - that the amount of the death benefit will be greater than the Contract Value - that the costs of providing the services and benefits under the Contracts will exceed the charges deducted We may also deduct a charge for taxes. Unless otherwise specified, charges are deducted proportionately from all funding options in which you are invested. 17 The amount of a charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designated charge. We may also profit on one or more of the charges. We may use any such profits for any corporate purpose, including the payment of sales expenses. TRANSFER CHARGE We reserve the right to assess a transfer charge of up to $10.00 on transfers exceeding 12 per year. We will notify you in writing at your last known address at least 31 days before we impose any such transfer charge. ADMINISTRATIVE CHARGES There are two administrative charges: the $30 annual Contract administrative charge and the administrative expense charge. The annual Contract administrative charge will be deducted on a pro-rata basis from amounts allocated to the Variable Funding Options. We will deduct this charge on the fourth Friday of each August. This charge compensates us for expenses incurred in establishing and maintaining the Contract and we will prorate this charge (i.e. calculate) from the date of purchase. We will prorate this charge if you surrender your Contract, or if we terminate your Contract. We will not deduct a Contract administrative charge: (1) from the distribution of death proceeds; (2) after an annuity payout has begun; or (3) if the Contract Value on the date of assessment equals or is greater than $40,000. We deduct the administrative expense charge (sometimes called "Subaccount administrative charge") on each business day from amounts allocated to the Variable Funding Options to compensate the Company for certain related administrative and operating expenses. The charge equals, on an annual basis, 0.15% of the daily net asset value allocated to each of the Variable Funding Options, and is reflected in our Accumulation and Annuity Unit value calculations. MORTALITY AND EXPENSE RISK CHARGE Each business day, we deduct a mortality and expense risk ("M&E") charge from amounts held in the Variable Funding Options. We reflect the deduction in our calculation of Accumulation and Annuity Unit values. The charges stated are the maximum for this product. We reserve the right to lower this charge at any time. If you choose the Standard Death Benefit, the M&E charge is 1.55% annually. If you choose the Enhanced Death Benefit, the M&E charge is 1.75% annually. This charge compensates the Company for risks assumed, benefits provided and expenses incurred, including the payment of commissions to your registered representative. ENHANCED STEPPED-UP PROVISION CHARGE If the E.S.P. option is selected, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge equals, on an annual basis, 0.20% of the amounts held in each funding option. The E.S.P. option is available if the owner and Annuitant are both age 75 or younger on the Contract Date. GUARANTEED MINIMUM WITHDRAWAL BENEFIT CHARGE If you elect to add a GMWB rider to your Contract, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge depends on which GWMB rider you select. The current charge for each rider is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. These GMWB riders may be elected only at the time of your initial purchase of the Contract. 18 VARIABLE FUNDING OPTION EXPENSES We summarized the charges and expenses of the Underlying Funds in the fee table. Please review the prospectus for each Underlying Fund for a more complete description of that fund and its expenses. Underlying Fund expenses are not fixed or guaranteed and are subject to change by the Fund. PREMIUM TAX Certain state and local governments charge premium taxes ranging from 0% to 3.5%, depending upon jurisdiction. We are responsible for paying these taxes and will determine the method used to recover premium tax expenses incurred. We will deduct any applicable premium taxes from your Contract Value either upon death, surrender, annuitization, or at the time you make Purchase Payments to the Contract, but no earlier than when we have a tax liability under state law. CHANGES IN TAXES BASED UPON PREMIUM OR VALUE If there is any change in a law assessing taxes against the Company based upon premiums, contract gains or value of the Contract, we reserve the right to charge you proportionately for this tax. TRANSFERS - -------------------------------------------------------------------------------- Subject to the limitations described below, you may transfer all or part of your Contract Value between Variable Funding Options at any time up to 30 days before the Maturity Date. After the Maturity Date, you may make transfers only if allowed by your Contract or with our consent. Transfer requests received at our Home Office that are in good order before the close of the New York Stock Exchange (NYSE) will be processed according to the value(s) next computed following the close of business. Transfer requests received on a non-business day or after the close of the NYSE will be processed based on the value(s) next computed on the next business day. Where permitted by state law, we reserve the right to restrict transfers from the Variable Funding Options to the Fixed Account whenever the credited interest rate on the Fixed Account is equal to the minimum guaranteed interest rate specified under the Contract. Currently, there are no charges for transfers; however, we reserve the right to charge a fee for any transfer request which exceeds twelve per year. Since each Underlying Fund may have different overall expenses, a transfer of Contract Values from one Variable Funding Option to another could result in your investment becoming subject to higher or lower expenses. Also, when making transfers, you should consider the inherent risks associated with the Variable Funding Options to which your Contract Value is allocated. MARKET TIMING/EXCESSIVE TRADING Frequent requests from Contract Owners to transfer Contract Value may dilute the value of an Underlying Fund's shares if the frequent trading involves an attempt to take advantage of pricing inefficiencies created by a lag between a change in the value of the securities held by the Underlying Fund and the reflection of that change in the Underlying Fund's share price ("arbitrage trading"). Regardless of the existence of pricing inefficiencies, frequent transfers may also increase brokerage and administrative costs of the Underlying Funds and may disrupt Underlying Fund management strategy, requiring an Underlying Fund to maintain a high cash position and possibly resulting in lost investment opportunities and forced liquidations ("disruptive trading"). Accordingly, arbitrage trading and disruptive trading activities (referred to collectively as "market timing") may adversely affect the long-term performance of the Underlying Funds, which may in turn adversely affect Contract Owners and other persons who may have an interest in the Contracts (e.g., annuitants and beneficiaries). We have policies and procedures that attempt to detect and deter frequent transfers in situations where we determine there is a potential for arbitrage trading. Currently, we believe that such situations may be presented in the international, small-cap, and high-yield Underlying Funds, i.e., Credit Suisse Global Small Cap Portfolio, DWS Global Opportunities VIP, DWS Dreman Small Mid Cap Value VIP, BlackRock High Yield Portfolio, MFS(R) Emerging Markets Equity Portfolio, MFS(R) Research International Portfolio, Pioneer Strategic Income Portfolio, and T. Rowe Price 19 Small Cap Growth Portfolio (the "Monitored Portfolios"), and we monitor transfer activity in those Monitored Portfolios. We employ various means to monitor transfer activity, such as examining the frequency and size of transfers into and out of the Monitored Portfolios within given periods of time. For example, we currently monitor transfer activity to determine if, for each of the Monitored Portfolios, in a three-month period there were two or more "round- trips" of a certain dollar amount or greater. A round-trip is defined as a transfer in followed by a transfer out within the next 10 calendar days, or a transfer out followed by a transfer in within the next 10 calendar days. In the case of a Contract that has been restricted previously, a single round-trip of a certain dollar amount or greater will trigger the transfer restrictions described below. We do not believe that other Underlying Funds present a significant opportunity to engage in arbitrage trading and therefore do not monitor transfer activity in those Underlying Funds. We may change the Monitored Portfolios at any time without notice in our sole discretion. In addition to monitoring transfer activity in certain Underlying Funds, we rely on the Underlying Funds to bring any potential disruptive trading activity they identify to our attention for investigation on a case-by-case basis. We will also investigate other harmful transfer activity that we identify from time to time. We may revise these policies and procedures in our sole discretion at any time without prior notice. Our policies and procedures may result in transfer restrictions being applied to deter market timing. Currently, when we detect transfer activity in the Monitored Portfolios that exceeds our current transfer limits, or other transfer activity that we believe may be harmful to other Owners or other persons who have an interest in the Contracts, we will exercise our contractual right to restrict your number of transfers to one every six months. In addition, we also reserve the right, but do not have the obligation, to further restrict the right to request transfers by any market timing firm or any other third party who has been authorized to initiate transfers on behalf of multiple Contract Owners. We may, among other things: - reject the transfer instructions of any agent acting under a power of attorney on behalf of more than one Owner, or - reject the transfer or exchange instructions of individual Owners who have executed pre-authorized transfer forms which are submitted by market timing firms or other third parties on behalf of more than one Owner. Transfers made under a Dollar Cost Averaging Program, a rebalancing program or, if applicable, any asset allocation program described in this prospectus are not treated as transfers when we evaluate trading patterns for market timing. The detection and deterrence of harmful transfer activity involves judgments that are inherently subjective, such as the decision to monitor only those Underlying Funds that we believe are susceptible to arbitrage trading or the determination of the transfer limits. Our ability to detect and/or restrict such transfer activity may be limited by operational and technological systems, as well as our ability to predict strategies employed by Owners to avoid such detection. Our ability to restrict such transfer activity also may be limited by provisions of the Contract. Accordingly, there is no assurance that we will prevent all transfer activity that may adversely affect Owners and other persons with interests in the Contracts. We do not accommodate market timing in any Underlying Fund and there are no arrangements in place to permit any Contract Owner to engage in market timing; we apply our policies and procedures without exception, waiver, or special arrangement. The Underlying Funds may have adopted their own policies and procedures with respect to frequent purchases and redemptions of their respective shares and we reserve the right to enforce these policies and procedures. For example, Underlying Funds may assess a redemption fee (which we reserve the right to collect) on shares held for a relatively short period. The prospectuses for the Underlying Funds describe any such policies and procedures, which may be more or less restrictive than the policies and procedures we have adopted. Although we may not have the contractual authority or the operational capacity to apply the frequent trading policies and procedures of the Underlying Funds, we have entered into a written agreement, as required by SEC regulation, with each Underlying Fund or its principal underwriter that obligates us to provide to the Underlying Fund promptly upon request certain information about the trading activity of individual Contract Owners, and to execute instructions from the Underlying Fund to restrict or prohibit further purchases or transfers by specific Contract Owners who violate the frequent trading policies established by the Underlying Fund. In addition, Contract Owners and other persons with interests in the contracts should be aware that the purchase and redemption orders received by the Underlying Funds generally are "omnibus" orders from intermediaries, such as separate accounts funding variable insurance contracts or retirement plans. The omnibus orders reflect the 20 aggregation and netting of multiple orders from individual owners of variable insurance contracts and/or individual retirement plan participants. The omnibus nature of these orders may limit the Underlying Funds in their ability to apply their frequent trading policies and procedures. In addition, the other insurance companies and/or retirement plans may have different policies and procedures or may not have any such policies and procedures because of contractual limitations. For these reasons, we cannot guarantee that the Underlying Funds (and thus Contract Owners) will not be harmed by transfer activity relating to other insurance companies and/or retirement plans that may invest in the Underlying Funds. If an Underlying Fund believes that an omnibus order reflects one or more transfer requests from Contract Owners engaged in disruptive trading activity, the Underlying Fund may reject the entire omnibus order. In accordance with applicable law, we reserve the right to modify or terminate the transfer privilege at any time. We also reserve the right to defer or restrict the transfer privilege at any time that we are unable to purchase or redeem shares of any of the Underlying Funds, including any refusal or restriction on purchases or redemptions of their shares as a result of their own policies and procedures on market timing activities (even if an entire omnibus order is rejected due to the market timing activity of a single Contract Owner). You should read the Underlying Fund prospectuses for more details. DOLLAR COST AVERAGING Dollar cost averaging or the pre-authorized transfer program (the "DCA Program") allows you to transfer a set dollar amount to other funding options on a monthly or quarterly basis during the accumulation phase of the Contract. Using this method, you will purchase more Accumulation Units in a funding option if the value per unit is low and will purchase fewer Accumulation Units if the value per unit is high. Therefore, you may achieve a lower-than-average cost per unit in the long run if you have the financial ability to continue the program over a long enough period of time. Dollar cost averaging does not assure a profit or protect against a loss. You may elect the DCA Program through Written Request or other method acceptable to us. You must have a minimum total Contract Value of $5,000 to enroll in the DCA Program. The minimum amount that may be transferred through this program is $400. There is no additional fee to participate in the DCA Program. You may start or stop participation in the DCA Program at any time, but you must give the Company at least 30 days' notice to change any automated transfer instructions that are currently in place. You may only have one DCA Program in place at one time. We will allocate any subsequent Purchase Payments we receive within the program period selected to the current funding options over the remainder of that Program transfer period, unless you direct otherwise. All provisions and terms of the Contract apply to the DCA Program, including provisions relating to the transfer of money between funding options. Transfers made under any DCA Program will not be counted for purposes of restrictions we may impose on the number of transfers permitted under the Contract. We reserve the right to suspend or modify transfer privileges at any time and to assess a processing fee for this service. ACCESS TO YOUR MONEY - -------------------------------------------------------------------------------- Any time before the Maturity Date, you may redeem all or any portion of the Cash Surrender Value, that is, the Contract Value less any any premium tax not previously deducted. Unless you submit a Written Request specifying the Variable Funding Option(s) from which we are to withdraw amounts, we will make the withdrawal on a pro rata basis. We will determine the Cash Surrender Value as of the close of business after we receive your surrender request at our Home Office. The Cash Surrender Value may be more or less than the Purchase Payments you made. You may not make withdrawals during the annuity period. We may defer payment of any Cash Surrender Value for a period of up to five business days after the Written Request is received. It is our intent to pay as soon as possible. We cannot process requests for withdrawals that are not in good order. We will contact you if there is a deficiency causing a delay and will advise what is needed to act upon the withdrawal request. We may withhold payment of surrender or withdrawal proceeds if any portion of those proceeds would be derived from a Contract Owner's check that has not yet cleared (i.e., that could still be dishonored by your banking 21 institution). We may use telephone, fax, Internet or other means of communications to verify that payment from the Contract Owner's check has been or will be collected. We will not delay payment longer than necessary for us to verify that payment has been or will be collected. Contract Owners may avoid the possibility of delay in the disbursement of proceeds coming from a check that has not yet cleared by providing us with a certified check. If your Contract is issued as part of a 403(b) plan, there are restrictions on your ability to make withdrawals from your Contract. You may not withdraw contributions or earnings made to your Contract after December 31, 1988 unless you are (a) age 59 1/2, (b) no longer employed, (c) deceased, (d) disabled, or (e) experiencing a financial hardship. Even if you are experiencing a financial hardship, you may only withdraw contributions, not earnings. You should consult with your tax adviser before making a withdrawal from your Contract. SYSTEMATIC WITHDRAWALS Before the Maturity Date, you may choose to withdraw a specified dollar amount (at least $100) on a monthly, quarterly, semiannual or annual basis. We will deduct any applicable premium taxes. To elect systematic withdrawals, you must have a Contract Value of at least $15,000 and you must make the election on the form we provide. We will surrender Accumulation Units pro rata from all funding options in which you have an interest, unless you instruct us otherwise. You may begin or discontinue systematic withdrawals at any time by notifying us in writing, but you must give at least 30 days' notice to change any systematic withdrawal instructions that are currently in place. We reserve the right to discontinue offering systematic withdrawals or to assess a processing fee for this service upon 30 days' written notice to Contract Owners (where allowed by state law). There is currently no additional fee for electing systematic withdrawals. Each systematic withdrawal is subject to federal income taxes on the taxable portion and may be subject to Contract charges. In addition, a 10% federal penalty tax may be assessed on systematic withdrawals if the Contract Owner is under age 59 1/2. You should consult with your tax adviser regarding the tax consequences of systematic withdrawals. MANAGED DISTRIBUTION PROGRAM. Under the systematic withdrawal option, you may choose to participate in the Managed Distribution Program. At no cost to you, you may instruct us to calculate and make minimum distributions that may be required by the IRS upon reaching age 70 1/2. (See "Federal Tax Considerations.") No Dollar Cost Averaging will be permitted if you are participating in the Managed Distribution Program. OWNERSHIP PROVISIONS - -------------------------------------------------------------------------------- TYPES OF OWNERSHIP CONTRACT OWNER The Contract belongs to the Contract Owner named in the Contract (on the Contract Specifications page), or to any other person to whom you subsequently assign the Contract. You may only make an assignment of ownership or a collateral assignment for Non-qualified Contracts. You have sole power during the Annuitant's lifetime to exercise any rights and to receive all benefits given in the Contract provided you have not named an irrevocable beneficiary and provided you have not assigned the Contract. You receive all payments while the Annuitant is alive unless you direct them to an alternate recipient. An alternate recipient does not become the Contract Owner. If this Contract is purchased by a beneficiary of another contract who directly transferred the death proceeds due under that contract, he/she will be granted the same rights the owner has under the Contract except that he/she cannot transfer ownership, or make additional Purchase Payments. Joint Owner. For Non-qualified Contracts only, you may name joint owners (e.g., spouses) in a Written Request before the Contract is in effect. Joint owners may independently exercise transfers allowed under the Contract. All other rights of ownership must be exercised by both owners. Joint owners own equal shares of any benefits accruing or payments made to them. 22 BENEFICIARY You name the beneficiary in a Written Request. The beneficiary has the right to receive any death benefit proceeds remaining under the Contract upon the death of the Annuitant or the Contract Owner. If more than one beneficiary survives the Annuitant or Contract Owner, they will share equally in benefits unless you recorded different shares with the Company by Written Request before the death of the Annuitant or Contract Owner. In the case of a non-spousal beneficiary or a spousal beneficiary who has not chosen to assume the Contract, we will not transfer or otherwise remove the death benefit proceeds from the Variable Funding Options, as most recently elected by the Contract Owner, until the Death Report Date. Unless you have named an irrevocable beneficiary you have the right to change any beneficiary by Written Request during the lifetime of the Annuitant and while the Contract continues. ANNUITANT The Annuitant is designated in the Contract (on the Contract Specifications page), and is the individual on whose life the Maturity Date and the amount of the monthly Annuity Payments depend. You may not change the Annuitant after your Contract is in effect. Contingent Annuitant. You may name one individual as a Contingent Annuitant. A Contingent Annuitant may not be changed, deleted or added to the Contract after the Contract Date. If the Annuitant who is not the owner dies prior to the Maturity Date, and the Contingent Annuitant is still living: - the death benefit will not be payable upon the Annuitant's death - the Contingent Annuitant becomes the Annuitant - all other rights and benefits will continue in effect When a Contingent Annuitant becomes the Annuitant, the Maturity Date remains the same as previously in effect. If the Annuitant is also the owner, a death benefit is paid to the beneficiary regardless of whether or not there is a Contingent Annuitant. DEATH BENEFIT - -------------------------------------------------------------------------------- Before the Maturity Date, generally, a death benefit is payable when either the Annuitant or a Contract Owner dies. We calculate the death benefit at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or election of spousal or beneficiary contract continuance ("Death Report Date"). There are age restrictions on certain death benefits (see The Annuity Contract section). Note: If the owner dies before the Annuitant, the death benefit is recalculated replacing all references to "Annuitant" with "owner." DEATH PROCEEDS BEFORE THE MATURITY DATE STANDARD DEATH BENEFIT If the Annuitant is less than age 80 on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greatest of a), b) or c) below, less any applicable premium tax. If the Annuitant is 80 or older on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater of a) or b) below, less any applicable premium tax. a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** 23 ENHANCED DEATH BENEFIT If the Annuitant dies before the Maturity Date and before age 80, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** If the Annuitant dies before the Maturity Date and on or after age 80, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** available at the Annuitant's 80th birthday, plus any additional Purchase Payments, minus any partial surrender reductions (as described below) which occur after the Annuitant's 80th birthday - --------- * If you have elected a GMWB Rider (Guaranteed Income Solution) your adjusted Purchase Payment will NOT be calculated as described below but will be equal to your aggregate Purchase Payments minus your aggregate withdrawals from the date you purchase the rider. ** Your Step-Up Value or your Roll-Up Death Benefit Value will be subjected to the partial surrender reduction below even if you have elected the GMWB Rider (Guaranteed Income Solution). ADJUSTED PURCHASE PAYMENT: The initial Adjusted Purchase Payment is equal to the initial Purchase Payment. Whenever any additional Purchase Payment(s) are made, the Adjusted Purchase Payment is increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the Adjusted Purchase Payment is reduced by a Partial Surrender Reduction as described below. STEP UP VALUE: The Step-Up Value will initially equal the Contract Value on the first Contract Date anniversary. On each subsequent Contract Date anniversary that occurs before the Annuitant's 80th birthday and before the Annuitant's death, if the Contract Value is greater than the Step-Up Value, the Step-Up Value will be increased to equal the Contract Value on that date. If the Step-Up Value is greater than the Contract Value, the Step-Up Value will remain unchanged. Whenever a Purchase Payment is made, the Step-Up Value will be increased by the amount of that Purchase Payment. Whenever a partial surrender is taken, the Step-Up Value will be reduced by a Partial Surrender Reduction as described below. The only changes made to the Step-Up Value on or after the Annuitant's 80th birthday will be those related to additional Purchase Payments or partial surrenders as described above. ROLL UP DEATH BENEFIT VALUE: On the Contract Date, the Roll-Up Death Benefit Value is equal to the Purchase Payment. On each Contract Date anniversary, the Roll-Up Death Benefit Value will be recalculated to equal (a) plus (b) minus (c), increased by 5%, where: (a) is the Roll-Up Death Benefit as of the previous Contract Date anniversary (b) any Purchase Payments made during the previous Contract Year (c) any Partial Surrender Reductions (as described below) during the previous Contract Year On dates other than the Contract Date anniversary, the roll-up death benefit value will equal (a) plus (b) minus (c), where: (a) the Roll-Up Death Benefit Value on the previous Contract Date anniversary (b) any Purchase Payments made since the previous Contract Date anniversary (c) any Partial Surrender Reductions (as described below) since the previous Contract Date anniversary. 24 The maximum Roll-Up Death Benefit equals 200% of the difference between all Purchase Payments and all partial surrender reductions (as described below). PARTIAL SURRENDER REDUCTION ADJUSTED PURCHASE PAYMENT. The Partial Surrender Reduction is equal to (1) the Adjusted Purchase Payment in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. STEP-UP VALUE AND ROLL-UP VALUE. The Partial Surrender Reduction is equal to (1) the amount of the death benefit value (Step-Up or Roll-Up Value) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. The following examples apply to the Adjusted Purchase Payment, Step-Up Value or Roll-Up Value. Assume your current Contract Value is $55,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce death benefit as follows: 50,000 X (10,000/55,000) = $9,090 Your new death benefit would be 50,000-9,090, or $40,910. The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce the death benefit as follows: 50,000 X (10,000/30,000) = $16,666 Your new death benefit would be 50,000-16,666, or $33,334. ENHANCED STEPPED-UP PROVISION ("E.S.P.") THIS PROVISION IS NOT AVAILABLE TO A CUSTOMER WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. This provision must be elected at time of application. If you have selected the E.S.P., the total death benefit as of the Death Report Date will equal the death benefit described above plus the greater of zero or the following amount: IF THE ANNUITANT IS YOUNGER THAN AGE 70 ON THE CONTRACT DATE, 40% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date; or IF THE ANNUITANT IS BETWEEN THE AGES OF 70 AND 75 ON THE CONTRACT DATE, 25% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are both received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date. THE INITIAL MODIFIED PURCHASE PAYMENT is equal to the initial Contract Value. Whenever an additional Purchase Payment is made, the modified Purchase Payment(s) are increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the modified Purchase Payment(s) are reduced by a partial surrender reduction as described below. THE PARTIAL SURRENDER REDUCTION IS EQUAL TO: (1) the modified Purchase Payment(s) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. For example, assume your current modified Purchase Payment is $50,000 and that your current Contract Value is $55,000. You decide to make a withdrawal of $10,000. We would reduce the modified Purchase Payment as follows: 50,000 X (10,000/55,000) = $9,090 You new modified Purchase Payment would be $50,000-$9,090 = $40,910. 25 The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If your current modified Purchase Payment is $50,000 and you decide to make a withdrawal of $10,000, we would reduce the modified Purchase Payment as follows: 50,000 X (10,000/30,000) = $16,666 Your new modified Purchase Payment would be 50,000-16,666 = $33,334. PAYMENT OF PROCEEDS We describe the process of paying death benefit proceeds before the Maturity Date in the charts below. The charts do not encompass every situation and are merely intended as a general guide. More detailed information is provided in your Contract. Generally, the person(s) receiving the benefit may request that the proceeds be paid in a lump sum, or be applied to one of the settlement options available under the Contract. NON-QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS NOT THE The beneficiary (ies), or if Unless the beneficiary Yes ANNUITANT) (WITH NO JOINT none, to the Contract elects to continue the OWNER) Owner's estate. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS THE ANNUITANT) The beneficiary (ies), or if Unless the beneficiary Yes (WITH NO JOINT OWNER) none, to the Contract elects to continue the Owner's estate. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The surviving joint owner. Yes IS NOT THE ANNUITANT) - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The beneficiary (ies), or, Unless the beneficiary Yes IS THE ANNUITANT) if none, to the surviving elects to continue the joint owner. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The surviving joint owner. Unless the spouse elects to Yes NOT THE ANNUITANT) continue the Contract. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The beneficiary (ies), or, Unless the spouse elects to Yes THE ANNUITANT) if none, to the surviving continue the Contract. joint owner. A spouse who is not the beneficiary may decline to receive the proceeds or to continue the Contract and instruct the Company to pay the beneficiary. - --------------------------------------------------------------------------------------------------------------
26
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS NOT THE CONTRACT OWNER) The beneficiary (ies), or if Unless the beneficiary Yes none, to the Contract elects to continue the Owner. Contract rather than receive a lump sum distribution. But, if there is a Contingent Annuitant, then the Contingent Annuitant becomes the Annuitant and the Contract continues in effect (generally using the original Maturity Date). The proceeds will then be paid upon the death of the Contingent Annuitant or owner. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS THE See death of "owner who is Yes CONTRACT OWNER) the Annuitant" above. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHERE OWNER IS A The beneficiary (ies), or if Yes (Death of NON-NATURAL ENTITY/TRUST) none, to the owner. Annuitant is treated as death of the owner in these circumstances.) - -------------------------------------------------------------------------------------------------------------- CONTINGENT ANNUITANT No death proceeds are N/A (ASSUMING ANNUITANT IS STILL payable; Contract continues. ALIVE) - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- OWNER/ANNUITANT The beneficiary (ies), or if Unless the beneficiary Yes none, to the Contract elects to continue the Owner's estate. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
- --------- * Certain payout rules of the Code are triggered upon the death of any owner. Non-spousal beneficiaries (as well as spousal beneficiaries who choose not to assume the Contract) must begin taking distributions based on the beneficiary's life expectancy within one year of death or take a complete distribution of contract proceeds within 5 years of death. Spousal beneficiaries must choose to continue the Contract as 27 allowed under the spousal contract continuance provision described below within one year of death. For Qualified Contracts, if mandatory distributions have already begun at the death of the Annuitant, the 5-year payout option is not available. SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY -- DOES NOT APPLY IF A NON-SPOUSE IS A JOINT OWNER) Within one year of your death, if your spouse is named as an owner and/or beneficiary, and you die before the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. If you were the Annuitant and your spouse elects to continue the Contract, your spouse will be named the Annuitant as of the Death Report Date. If your spouse elects to continue the Contract as Contract Owner, the death benefit will be calculated as of the Death Report Date. If the Contract Value is less than the calculated death benefit, the Contract Value will be increased to equal the death benefit. This amount is referred to as the adjusted Contract Value. Any difference between the Contract Value and the adjusted Contract Value will be allocated to the funding options in the same proportion as the allocations of the Contract prior to the Death Report Date. The terms and conditions that applied to the original Contract (including Contract fees and charges) will also apply to the continued Contract, with certain exceptions described in the Contract. All other benefits and features of your Contract will be based on your spouse's age on the Death Report Date as if your spouse had purchased the Contract with the adjusted Contract Value on the Death Report Date. This spousal contract continuance is available only once for each Contract. For purposes of the death benefit on the continued Contract, the death benefit will be calculated the same as prior to continuance except all values used to calculate the death benefit, which may include a Step-Up Value or Roll-Up Death Benefit Value (depending on the optional benefit), are reset on the date the spouse continues the contract. Spousal continuation will not satisfy required minimum distribution rules for Qualified Contracts other than IRAs. In addition, because the contract proceeds must be distributed within the time periods required by the federal Internal Revenue Code, the right of a spouse to continue the contract, and all contract provisions relating to spousal continuation, are available only to a person who is defined as a "spouse" under the federal Defense of Marriage Act, or any other applicable federal law. Please consult a tax advisor before electing this option. BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES) If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the Death Report Date, (more than $1,000,000 is subject to Home Office approval), your beneficiary(ies) may elect to continue his/her portion of the Contract subject to applicable Internal Revenue Code distribution requirements, rather than receive the death benefit in a lump sum. If the beneficiary chooses to continue the Contract, the beneficiary can extend the payout phase of the Contract enabling the beneficiary to "stretch" the death benefit distributions out over his life expectancy as permitted by the Internal Revenue Code. If your beneficiary elects to continue the Contract, the death benefit will be calculated as of the Death Report Date. The initial Contract Value of the continued Contract (the "adjusted Contract Value") will equal the greater of the Contract Value or the death benefit calculated on the Death Report Date and will be allocated to the funding options in the same proportion as prior to the Death Report Date. If the adjusted Contract Value is allocated to the Variable Funding Options, the beneficiary bears the investment risk. The beneficiary who continues the Contract will be granted the same rights as the owner under the original Contract, except the beneficiary cannot: - transfer ownership - take a loan - make additional Purchase Payments The beneficiary may also name his/her own beneficiary ("succeeding beneficiary") and has the right to take withdrawals at any time after the Death Report Date. The E.S.P. option is not available to a beneficiary continuing the Contract under this provision. All other fees and charges applicable to the original Contract will also apply to the continued Contract; the E.S.P. charge no longer applies. All benefits and features of the continued Contract will be 28 based on the beneficiary's age on the Death Report Date as if the beneficiary had purchased the Contract with the adjusted Contract Value on the Death Report Date. DEATH PROCEEDS AFTER THE MATURITY DATE If any Contract Owner or the Annuitant dies on or after the Maturity Date, the Company will pay the beneficiary a death benefit consisting of any benefit remaining under the annuity option then in effect. LIVING BENEFITS - -------------------------------------------------------------------------------- GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "GUARANTEED INCOME SOLUTION") For an additional charge, you may elect an optional rider for your Contract that provides a Guaranteed Minimum Withdrawal Benefit, or "GMWB". A GMWB rider is designed to protect your investment from poor market performance, as long as you do not withdraw more than a certain amount from your Contract each year. AVAILABILITY AND ELIGIBILITY We offer several different GMWB riders so that you can choose the level of benefits and costs that makes the most sense for you. This prospectus offers different GMWB riders, and the availability of each depends on when you purchase your Contract and your state of residence. The GMWB riders described in this prospectus are called "GMWB I", "GMWB II", and "GMWB III" ; we may refer to any one of these as GMWB. The availability of each rider is shown below.
- -------------------------------------------------------------------------------------------------------------- NAME OF RIDER: GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- ALSO CALLED: Guaranteed Income Guaranteed Income Guaranteed Income Solution Solution Solution Value - -------------------------------------------------------------------------------------------------------------- AVAILABILITY: Not available for Available on or after Available on or after purchase on or after March 21, 2005 if March 21, 2005 if March 21, 2005, unless approved in your state approved in your state. GMWB II is not approved in your state - --------------------------------------------------------------------------------------------------------------
CURRENTLY, YOU MAY ELECT A GMWB RIDER ONLY AT THE TIME OF YOUR INITIAL PURCHASE OF THE CONTRACT. REMAINING BENEFIT BASE ("RBB") For all GMWB riders, the amount of your investment that is guaranteed is called the "remaining benefit base" or "RBB." Your initial RBB is equal to your initial Purchase Payment. If you added the GMWB after the initial purchase of the Contract, the Initial RBB is the Contract Value on the date the GMWB was added. The RBB is not a lump sum guarantee, rather, it is the amount that we guarantee to return to you through a series of payments that annually do not exceed a percentage of your RBB. ANNUAL WITHDRAWAL BENEFIT ("AWB") The annual percentage of your RBB that is available for withdrawal is called the "annual withdrawal benefit" or "AWB". Each year you may take withdrawals that do not exceed your AWB until your RBB is depleted. Each year you may take your AWB monthly, annually, or on any payment schedule you request. You may take withdrawals in any dollar amount up to your AWB without affecting your guarantee. If you choose to receive only a part of, or none of, your AWB in any given year, your AWB in any subsequent year will not be increased. In that case you are choosing to deplete your RBB over a longer period of time. 29 The AWB is a percentage of your RBB and depends on which GMWB rider you select. Your initial AWB is calculated as a percentage of the RBB immediately before your first withdrawal:
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- If you make your first 5% of RBB 5% of RBB 5% of RBB withdrawal before the 3rd anniversary after you purchase GMWB: - -------------------------------------------------------------------------------------------------------------- If you make your first 10% of RBB 10% of RBB 5% of RBB withdrawal on or after the 3(rd) anniversary after you purchase GMWB: - --------------------------------------------------------------------------------------------------------------
ADDITIONAL PREMIUM Currently, additional Purchase Payments serve to increase your RBB and AWB. After each Purchase Payment your new RBB equals your RBB immediately prior to the Purchase Payment plus the dollar amount of the Purchase Payment. Your new AWB is equal to the AWB immediately prior to the Purchase Payment, plus a percentage of the Purchase Payment. We use the same percentage as that used to calculate your original AWB as shown above. We reserve the right not to include additional Purchase Payments into the calculation of the RBB or AWB. WITHDRAWALS When you make a withdrawal, your AWB remains the same as long as the sum of all of your withdrawals since the most recent anniversary of your purchase or reset of GMWB (or "GMWB Anniversary"), including the current withdrawal, does not exceed your AWB immediately prior to the current withdrawal. In such case your RBB is decreased to equal the RBB immediately prior to the withdrawal, less the dollar amount of the current withdrawal. However, if you make a withdrawal so that the total of all your withdrawals since your GMWB anniversary, including the current withdrawal, exceeds your AWB immediately prior to the current withdrawal, we will recalculate both your RBB and AWB. The recalculation depends on which GMWB rider you select: IF YOU SELECT GMWB II OR GMWB III: - To recalculate your RBB, we reduce your RBB by the greater of the dollar amount of your withdrawal, or a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. IF YOU PURCHASED GMWB I: - To recalculate your RBB, we reduce your RBB by a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. WITHDRAWAL EXAMPLES. The following examples are intended to illustrate the effect of withdrawals on your RBB and AWB, depending on which GMWB rider you select. The investment results shown are hypothetical and are not representative of past or future performance. Actual investment results may be more or less than those shown and will depend upon a number of factors, including the Variable Funding Options selected by you. The example does 30 not reflect the deduction of fees and charges and applicable income taxes and penalties. Assume your initial RBB is $100,000, your age is less than 70, and you take a withdrawal of $10,000 after your first GMWB Anniversary: WITHDRAWAL EXAMPLE FOR GMWB II AND GMWB III
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- PARTIAL WITHDRAWAL N/A (100,000 x [5,000 x (1- N/A (100,000 x [5,000 x (1- REDUCTION 10,000/110,000) = 90,000/100,000)] = 10,000/90,000) = 88,889/100,000)] = (PWR) 9,091 500 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- GREATER OF PWR OR THE DOLLAR AMOUNT $10,000 $11,111 OF THE WITHDRAWAL (10,000>9,091) (11,111>10,000) - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $10,000 $500 $10,000 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- VALUE IMMEDIATELY AFTER WITHDRAWAL $100,000 $90,000 $4,500 $80,000 $88,889 $4,444 - -------------------------------------------------------------------------------------------------------------------------
WITHDRAWAL EXAMPLE FOR GMWB I
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY $90,909 $4,545 $88,889 $4,444 AFTER WITHDRAWAL [100,000 -- (100,000 [(5,000 [100,000 -- (100,000 [5,000 x $100,000 x10,000/110,000)] x90,909/100,000)] $80,000 x10,000/90,000)] (88,889/100,000)] - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $9,091 $455 $10,000 $11,111 $556 - -------------------------------------------------------------------------------------------------------------------------
TAX-QUALIFIED DISTRIBUTION PROGRAMS (GMWB II AND GMWB III ONLY). If you select GMWB II or GMWB III, subject to certain limitations and restrictions, your AWB will not incur a recalculation as a result of distributions taken under certain eligible Tax-Qualified Distribution Programs ("Tax-Qualified Distribution Programs"). Instead, such distributions will reduce the RBB by the amount of the withdrawal, and will not affect the AWB. For purposes of GMWB II and GMWB III, the following Tax-Qualified Distribution Programs are eligible. Only certain types of distribution methods are eligible as described below. Please consult with your tax adviser to make sure you are eligible: - Distributions intended to satisfy the required minimum distribution rules under Internal Revenue Code ("Code") Section 401(a)(9) and the Treasury Regulations promulgated thereunder, as applicable, to: - a qualified retirement plan (Code Section 401), - a tax-sheltered annuity (Code Section 403(b)), - an individual retirement account (Code Sections 408(a)), 31 - an individual retirement annuity (Code Section 408(b)), or - a qualified deferred compensation plan (Code Section 457). Required minimum distribution must be calculated using the Uniform Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-2) and/or the Joint and Last Survivor Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-3), and for distributions where the employee (owner) dies before the entire interest is distributed as described in Code Section 401(a)(9)(B)(iii) calculated using the Single Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-1), as appropriate (each table as in effect as of January 1, 2004). - Distributions intended to satisfy the exception under Code Section 72(s)(2) to the required minimum distribution rules which apply after the death of the holder of a nonqualified annuity contract provided under Code Section 72(s)(1) for certain amounts payable over the life of a designated beneficiary; - Distributions intended to satisfy the exception under Code Section 72(t)(2)(A)(iv) from the 10% additional tax on early distributions from qualified retirement plans imposed by Code Section 72(t)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of such employee and his designated beneficiary, provided, however, the amount of the substantially equal periodic payments must be calculated under the required minimum distribution method set forth in the Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Revenue Ruling 2002-62, 2002-42 I.R.B. 710 (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program); or - Distributions intended to satisfy the exception under Code Section 72(q)(2)(D) from the 10% additional tax on early distributions from nonqualified annuity contracts imposed by Code Section 72(q)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the Beneficiary or the joint lives (or joint life expectancies) of such Beneficiary and his designated beneficiary, provided, however, the amount of the substantially equal periodic payment must be calculated under the required minimum distribution method set forth in Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Internal Revenue Bulletin 2004-9, Notice 2004-15, page 526. (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program). You are subject to the following limitations if you are taking distributions under a Tax-Qualified Distribution Program: - YOU MUST ENROLL IN OUR MANAGED DISTRIBUTION PROGRAM. If you do not enroll or if you cancel your enrollment, you can continue to make withdrawals under your GMWB rider, however your RBB and AWB may be subject to a recalculation. Under our Managed Distribution Program, you select the frequency of payments. You may change the frequency of your payments only once every two years after your GMWB Anniversary, and you may only make the change during the 30-day period after your GMWB Anniversary. At the time you purchase GMWB, your initial frequency of payment must be annual if you did not take distributions pursuant to your Tax-Qualified Distribution Program at your previous financial institution, unless you turn age 70 1/2 before the first GMWB anniversary. You are advised to take your required distributions prior to purchasing GMWB in order to have the choice of taking your distributions on a monthly, quarterly, semi-annual or annual basis. If you do not take your distribution before purchasing GMWB, you will be limited to taking annual distributions for the first two Contract Years after which time you can choose an alternate mode of distribution. - ANY WITHDRAWALS OUTSIDE OF THE PROGRAM MAY DECREASE YOUR BENEFIT. All withdrawals under your Contract must be made pursuant to the Tax- Qualified Distribution Program during any 12-month period after an anniversary of your purchase of GMWB (a "GMWB Year"). If during any GMWB Year you take any additional withdrawals that are not made pursuant to the Program, you can continue to make withdrawals under your GMWB rider, however for the remainder of the GMWB Year your RBB and AWB may be 32 subject to a partial withdrawal reduction. To avoid any partial withdrawal reduction, all withdrawals under your Contract must be made pursuant to your Tax-Qualified Distribution Program. RESET (GMWB I AND GMWB II ONLY). If you select GMWB I or GMWB II, you may choose to reset your RBB starting with the 5th year anniversary date of your GMWB purchase. In accordance with the terms of the rider we have established the following procedures for resets. If you elect to reset within 30 days prior to the end of the 5th contract year, your new RBB will be reset to equal your current Contract Value. If you do not reset on the 5th year anniversary, you will have the opportunity to elect to reset during the 30-day period prior to each anniversary following the date of your 5th year anniversary of your GMWB purchase. In the event that you elect a reset you will be eligible to reset your RBB again provided that 5 contract years have elapsed since the most recent reset, so long as your election is made during the 30-day period prior to the anniversary date of your GMWB purchase. Each time you reset your RBB, your new AWB will equal a percentage of your new RBB. The percentage used is the same percentage used to calculate your AWB before the reset. If you are age 95 and are taking withdrawals under a Tax-Qualified Distribution Program, you may not reset if you purchased GMWB II. Depending on your Contract Value and the current fee for GMWB, it may not be beneficial to reset your RBB. Generally, it may be beneficial to reset your RBB if your Contract Value exceeds your RBB. However, the charge may increase if you elect to reset the RBB. (In such cases, the charge will never exceed the guaranteed maximum charge.) Further, if you reset your RBB, your new AWB may be higher or lower than your current AWB. In addition, the length of time over which you can expect to receive your RBB will be reset. INVESTMENT RESTRICTIONS (GMWB II AND GMWB III ONLY) We reserve the right to restrict allocations to a Variable Funding Option or limit the percentage of Contract value that may be allocated to a Variable Funding Option at any time. If we do so we would provide you with asset allocation requirements, and we reserve the right to require periodic rebalancing of Contract value allocated to Variable Funding Options according to specified percentages. We will provide no less than 30 days advanced written notice if we exercise our right to restrict or limit allocations to a Variable Funding Option and/or require periodic rebalancing between Variable Funding Options. Our ability to restrict allocations to a Variable Funding Option may be different depending on your state. If we restrict allocations to a Variable Funding Option, as of the effective date of the restriction, we will no longer allow additional Purchase Payments to be applied, or transfers of Contract value to be allocated into the restricted Variable Funding Option. Any Contract value previously allocated to a restricted Variable Funding Option will not be subject to the restriction. If we impose a limit on the percentage of Contract value allocated to a Variable Funding Option, as of the effective date of the restriction, we will impose the limit on all subsequent allocations. GMWB CHARGE. The charge for your GMWB rider is different depending on which version of GMWB you choose. For all GMWB riders, the charge is deducted each business day from amounts held in each Variable Funding Option. The current charge for each rider, on an annual basis, is shown below. Your current charge will not change unless you reset your benefits, at which time we may modify the charge. In such case the charge will never exceed 1.00%.
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- Current Annual Charge 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- Maximum Annual Charge After a 1.00% 1.00% N/A Reset - --------------------------------------------------------------------------------------------------------------
MAXIMUM RBB. Although we have no current plans to do so, in the future we may impose a maximum RBB. If we do, we would stop including additional Purchase Payments into the calculation of your RBB. If we impose a maximum RBB for Purchase Payments or reset, the maximum RBB will never be less than the cumulative Purchase Payments to which we have previously consented. Currently you must obtain our consent to purchase any RBB over $1 million. Purchase Payments under $1 million are not subject to a maximum RBB. 33 TERMINATION. Once you purchase GMWB I, you cannot cancel it. If you select GMWB II or GMWB III, you may terminate your rider at any time after the 5(th) anniversary of your purchase of GMWB. Once you terminate a GMWB III rider, you cannot re-elect it. You must request your termination in writing. All GMWB riders terminate automatically when you reach the maturity date of your Contract, if your Contract is assigned, or if the rider is exchanged for a similar rider offered by us. OTHER INFORMATION ABOUT GMWB. If your Contract Value reaches zero, and you have purchased this benefit, the following will occur: - The AWB will continue to be paid to you until the RBB is depleted, not more frequently than monthly. Upon your death, your beneficiary will receive these payments. No other death benefit or optional benefit, if any, will be paid. - The total annual payment amount will equal the AWB and will never exceed your RBB, and - We will no longer accept subsequent Purchase Payments into the Contract. If a spouse or beneficiary continues this Contract upon your death, and you had elected GMWB, all terms and conditions of this benefit would apply to the new owner. Please refer to the Death Benefit section for information on how GMWB may impact your death benefit. COMPARISON OF IMPORTANT DIFFERENCES AMONG THE GMWB RIDERS The following chart may help you decide which version of GMWB is best for you.
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- AWB 5% of RBB if first 5% of RBB if first 5% of RBB withdrawal before 3(rd) withdrawal before 3(rd) anniversary 10% of RBB anniversary 10% of RBB if first withdrawal on if first withdrawal on or after 3(rd) or after 3(rd) anniversary anniversary - -------------------------------------------------------------------------------------------------------------- ANNUAL CHARGE 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- RESET Yes Yes No - -------------------------------------------------------------------------------------------------------------- CAN I CANCEL MY GMWB? No Yes, after the 5(th) Yes, after the 5(th) anniversary of GMWB anniversary of GMWB purchase purchase - -------------------------------------------------------------------------------------------------------------- INVESTMENT RESTRICTIONS No Yes Yes - -------------------------------------------------------------------------------------------------------------- WAIVER OF RECALCULATION OF AWB No Yes Yes FOR DISTRIBUTIONS FROM TAX- QUALIFIED PLANS - --------------------------------------------------------------------------------------------------------------
THE ANNUITY PERIOD - -------------------------------------------------------------------------------- MATURITY DATE Under the Contract, you can receive regular payments ("Annuity Payments"). You can choose the month and the year in which those payments begin ("Maturity Date"). You can also choose among payout options or elect a lump sum distribution. While the Annuitant is alive, you can change your selection any time up to the Maturity Date. Annuity Payments will begin on the Maturity Date stated in the Contract unless (1) you fully surrendered the Contract; (2) we paid the proceeds to the beneficiary before that date; or (3) you elected another date. Annuity Payments are a series of periodic payments (a) for life; (b) for life with a minimum number of payments assured; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. We may require proof that the Annuitant is alive before we make Annuity Payments. Not all options may be available in all 34 states. Please be aware that once the Contract is annuitized, you are ineligible to receive the death benefit you have selected and any living benefit rider is terminated. You may choose to annuitize at any time after the first Contract Date anniversary. Unless you elect otherwise, the Maturity Date will be the Annuitant's 90(th) birthday or ten years after the effective date of the Contract, if later (this requirement may be changed by us). (For Contracts issued in Florida and New York, the Maturity Date you elect may not be later than the Annuitant's 90(th) birthday.) At least 30 days before the original Maturity Date, you may elect to extend the Maturity Date to any time prior to the Annuitant's 90th birthday or to a later date with our consent. You may use certain annuity options taken at the Maturity Date to meet the minimum required distribution requirements of federal tax law, or you may use a program of withdrawals instead. These mandatory distribution requirements take effect generally upon the death of the Contract Owner, or with certain Qualified Contracts upon either the later of the Contract Owner's attainment of age 70 1/2 or year of retirement; or the death of the Contract Owner. You should seek independent tax advice regarding the election of minimum required distributions. ALLOCATION OF ANNUITY You may elect to receive your Annuity Payments in the form of a variable annuity, a fixed annuity, or a combination of both. If, at the time Annuity Payments begin, you have not made an election, we will apply your Cash Surrender Value to provide an annuity funded by the same funding options as you have selected during the accumulation period. At least 30 days before the Maturity Date, you may transfer the Contract Value among the funding options in order to change the basis on which we will determine Annuity Payments. (See "Transfers.") VARIABLE ANNUITY You may choose an annuity payout that fluctuates depending on the investment experience of the Variable Funding Options. We determine the number of Annuity Units credited to the Contract by dividing the first monthly Annuity Payment attributable to each Variable Funding Option by the corresponding Accumulation Unit value as of 14 days before the date Annuity Payments begin. We use an Annuity Unit to measure the dollar value of an Annuity Payment. The number of Annuity Units (but not their value) remains fixed during the annuity period. DETERMINATION OF FIRST ANNUITY PAYMENT. Your Contract contains the tables we use to determine your first monthly Annuity Payment. If you elect a variable annuity, the amount we apply to it will be the Cash Surrender Value as of 14 days before the date Annuity Payments begin, less any applicable premium taxes not previously deducted. The amount of your first monthly payment depends on the annuity option you elected and the Annuitant's adjusted age. Your Contract contains the formula for determining the adjusted age. We determine the total first monthly Annuity Payment by multiplying the benefit per $1,000 of value shown in the Contract tables by the number of thousands of dollars of Contract Value you apply to that annuity option. The Contract tables factor in an assumed daily net investment factor of 3.0%. We call this your net investment rate. Your net investment rate of 3% corresponds to an annual interest rate of 3%. This means that if the annualized investment performance, after expenses, of your Variable Funding Options is less than 3%, then the dollar amount of your variable Annuity Payments will decrease. However, if the annualized investment performance, after expenses, of your Variable Funding Options is greater than 3%, then the dollar amount of your variable Annuity Payments will increase. DETERMINATION OF SECOND AND SUBSEQUENT ANNUITY PAYMENTS. The dollar amount of all subsequent Annuity Payments changes from month to month based on the investment experience, as described above, of the applicable funding options. The total amount of each Annuity Payment will equal the sum of the basic payments in each funding option. We determine the actual amounts of these payments by multiplying the number of Annuity Units we credited to each funding option by the corresponding Annuity Unit value as of the date 14 days before the date the payment is due. FIXED ANNUITY You may choose a fixed annuity that provides payments that do not vary during the annuity period. We will calculate the dollar amount of the first fixed Annuity Payment as described under "Variable Annuity," except that the amount we apply to begin the annuity will be your Cash Surrender Value as of the date Annuity Payments begin. Payout rates 35 will not be lower than that shown in the Contract. If it would produce a larger payment, the first fixed Annuity Payment will be determined using the Annuity Tables in effect on the Maturity Date. PAYMENT OPTIONS - -------------------------------------------------------------------------------- ELECTION OF OPTIONS While the Annuitant is alive, you can change your annuity option selection any time up to the Maturity Date. Once Annuity Payments have begun, no further elections are allowed. During the Annuitant's lifetime, if you do not elect otherwise before the Maturity Date, we will pay you (or another designated payee) the first of a series of monthly Annuity Payments based on the life of the Annuitant, in accordance with Annuity Option 2 (Life Annuity with 120 monthly payments assured). For certain Qualified Contracts, Annuity Option 4 (Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee) will be the automatic option as described in the Contract. (See "Annuity Options.") The minimum amount that can be placed under an annuity option will be $2,000 unless we agree to a lesser amount. If any monthly periodic payment due is less than $100, the Company reserves the right to make payments at less frequent intervals, or to pay the Contract Value in a lump-sum. On the Maturity Date, we will pay the amount due under the Contract in accordance with the payment option that you select. You may choose to receive a single lump-sum payment. You must elect an option in writing, in a form satisfactory to the Company. Any election made during the lifetime of the Annuitant must be made by the Contract Owner. ANNUITY OPTIONS Subject to the conditions described in "Election of Options" above, we may pay all or any part of the Cash Surrender Value under one or more of the following annuity options. Payments under the annuity options are generally made on a monthly basis. We may offer additional options. Option 1 -- Life Annuity -- No Refund. The Company will make Annuity Payments during the lifetime of the Annuitant ending with the last payment before death. This option offers the maximum periodic payment, since there is no assurance of a minimum number of payments or provision for a death benefit for beneficiaries. Option 2 -- Life Annuity with 120, 180 or 240 Monthly Payments Assured. The Company will make monthly Annuity Payments during the lifetime of the Annuitant, with the agreement that if, at the death of that person, payments have been made for less than 120, 180 or 240 months, as elected, we will continue making payments to the beneficiary during the remainder of the period. Option 3 -- Joint and Last Survivor Life Annuity -- No Refund. The Company will make regular Annuity Payments during the lifetime of the Annuitant and a second person. When either person dies, we will continue making payments to the survivor. No further payments will be made following the death of the survivor. Option 4 -- Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee. The Company will make Annuity Payments during the lifetimes of the Annuitant and a second person. You will designate one as primary payee, and the other will be designated as secondary payee. On the death of the secondary payee, the Company will continue to make monthly Annuity Payments to the primary payee in the same amount that would have been payable during the joint lifetime of the two persons. On the death of the primary payee, the Company will continue to make Annuity Payments to the secondary payee in an amount equal to 50% of the payments, which would have been made during the lifetime of the primary payee. No further payments will be made once both payees have died. Option 5 -- Payments for a Fixed Period without Life Contingency. We will make periodic payments for the period selected. This option may not satisfy the minimum required distribution rules for Qualified Contracts. Consult a tax adviser before electing this option. Option 6 -- Other Annuity Options. We will make any other arrangements for Annuity Payments as may be mutually agreed upon. 36 VARIABLE LIQUIDITY BENEFIT This benefit is only offered with the annuity option "Payments for a Fixed Period without Life Contingency." At any time after annuitization and before death, the Contract Owner may surrender and receive a payment equal to the present value of remaining certain payments. The interest rate used to calculate the present value is a rate 1% higher than the Assumed (Daily) Net Investment Factor used to calculate the Annuity Payments. The remaining period certain payments are assumed to be level payments equal to the most recent period certain payment prior to the request for this liquidity benefit. MISCELLANEOUS CONTRACT PROVISIONS - -------------------------------------------------------------------------------- RIGHT TO RETURN You may return the Contract for a full refund of the Contract Value plus any Contract charges and premium taxes you paid (but not any fees and charges the Underlying Fund assessed) within ten days after you receive it (the "right to return period"). You bear the investment risk of investing in the Variable Funding Options during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. If you purchase the Contract as an Individual Retirement Annuity, and return it within the first seven days after delivery, or longer if your state law permits, we will refund your Purchase Payment in full; during the remainder of the right to return period, we will refund the Contract Value (including charges). We will determine the Contract Value following the close of the business day on which we receive your Contract and a Written Request for a refund. Where state law requires a different period, or the return of Purchase Payments or other variations of this provision, we will comply. Refer to your Contract for any state-specific information. TERMINATION We reserve the right to terminate the Contract on any business day if your Contract Value as of that date is less than $2,000 and you have not made Purchase Payments for at least two years, unless otherwise specified by state law. Accordingly, no Contract will be terminated due solely to negative investment performance. Termination will not occur until 31 days after we have mailed notice of termination to your last known address and to any assignee of record. If we terminate the Contract, we will pay you the Cash Surrender Value less any applicable taxes. In certain states, we may be required to pay you the Contract Value. Federal tax law may impose additional restrictions on our right to terminate your traditional IRA, Roth IRA or other Qualified Contract. REQUIRED REPORTS As often as required by law, but at least once in each Contract Year before the due date of the first Annuity Payment, we will furnish a report showing the number of Accumulation Units credited to the Contract and the corresponding Accumulation Unit value(s) as of the report date for each funding option to which the Contract Owner has allocated amounts during the applicable period. The Company will keep all records required under federal and state laws. SUSPENSION OF PAYMENTS The Company reserves the right to suspend or postpone the date of any payment or determination of values on any business day (1) when the New York Stock Exchange ("the Exchange") is closed; (2) when trading on the Exchange is restricted; (3) when an emergency exists, as determined by the SEC, so that the sale of securities held in the Separate Account may not reasonably occur, or so that the Company may not reasonably determine the value the Separate Account's net assets; or (4) during any other period when the SEC, by order, so permits for the protection of security holders. 37 THE SEPARATE ACCOUNTS - -------------------------------------------------------------------------------- The Company sponsors MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. (See "The Insurance Company" ..) Both MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 were established on September 17, 2002 and are registered with the SEC as unit investment trusts under the Investment Company Act of 1940, as amended. We will invest Separate Account assets attributable to the Contracts exclusively in the shares of the Variable Funding Options. We anticipate merging MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 with and into another separate account of the Company (the MetLife of CT Separate Account Eleven for Variable Annuities) during the fourth quarter of 2008 at the earliest, subject to regulatory approval. This merger will have no effect on the provisions of, and the rights and obligations under, the Contract. Similarly, the merger will not have any adverse impact on your Contract Value or any tax consequences for you. We hold the assets of the Separate Account for the exclusive and separate benefit of the owners of each Separate Account, according to the laws of Connecticut. Income, gains and losses, whether or not realized, from assets allocated to the Separate Account are, in accordance with the Contracts, credited to or charged against the Separate Account without regard to other income, gains and losses of the Company. The assets held by the Separate Account are not chargeable with liabilities arising out of any other business that we may conduct. Obligations under the Contract are obligations of the Company. Any obligations that exceed the assets in the Separate Account are payable by the Company's general account. The amount of the guaranteed death benefit that exceeds the Contract Value is paid from the Company's general account. Benefit amounts paid from the general account are subject to the financial strength and claims-paying ability of the Company. All investment income and other distributions of the funding options are payable to the Separate Account. We reinvest all such income and/or distributions in shares of the respective funding option at net asset value. Shares of the funding options are currently sold only to life insurance company separate accounts to fund variable annuity and variable life insurance contracts. Certain variable annuity separate accounts and variable life insurance separate accounts may invest in the funding options simultaneously (called "mixed" and "shared" funding). It is conceivable that in the future it may be disadvantageous to do so. Although the Company and the Variable Funding Options do not currently foresee any such disadvantages either to variable annuity contract owners or variable life policy owners, each Underlying Fund's Board of Directors intends to monitor events in order to identify any material conflicts between them and to determine what action, if any, should be taken. If a Board of Directors was to conclude that separate funds should be established for variable life and variable annuity separate accounts, the variable annuity contract owners would not bear any of the related expenses, but variable annuity contract owners and variable life insurance policy owners would no longer have the economies of scale resulting from a larger combined fund. We reserve the right to transfer assets of the Separate Account to another separate account, and/or to modify the structure or operation of the Separate Account, subject to the necessary regulatory approvals. If we do so, we guarantee that the modification will not affect your Contract Value. PERFORMANCE INFORMATION In advertisements for the Contract, we may include performance figures to show you how a Variable Funding Option has performed in the past. These figures are rates of return or yield quotations shown as a percent. These figures show past performance of a Variable Funding Option and are not an indication of how a Variable Funding Option will perform in the future. Performance figures for each Variable Funding Option are based in part on the performance of a corresponding Underlying Fund. In some cases, the Underlying Fund may have existed before the technical inception of the 38 corresponding Variable Funding Option. In those cases, we can create "hypothetical historical performance" of a Variable Funding Option. These figures show the performance that the Variable Funding Option would have achieved had it been available during the entire history of the Underlying Fund. In a low interest rate environment, yields for money market Subaccounts, after deduction of the Mortality and Expense Risk Charge, Administrative Expense Charge and the charge for any optional benefit riders (if applicable), may be negative even though the Underlying Fund's yield, before deducting for such charges, is positive. If you allocate a portion of your Contract Value to a money market Subaccount or participate in an asset allocation program where Contract Value is allocated to a money market Subaccount under the applicable asset allocation model, that portion of your Contract Value may decrease in value. FEDERAL TAX CONSIDERATIONS - -------------------------------------------------------------------------------- The following general discussion of the federal income tax consequences related to your investment in this Contract is not intended to cover all situations, and is not meant to provide tax or legal advice. Because of the complexity of the law and the fact that the tax results will vary depending on many factors, you should consult your tax and/or legal adviser regarding the tax implications of purchasing this Contract based upon your individual situation. For further tax information, an additional discussion of certain tax matters is contained in the SAI. You are responsible for determining whether your purchase of a Contract, withdrawals, income payments and any other transaction under your Contract satisfy applicable tax law. We are not responsible for determining if your employer's plan or arrangement satisfies the requirements of the Code and/or the Employee Retirement Income Security Act of 1974 (ERISA). GENERAL TAXATION OF ANNUITIES Congress has recognized the value of saving for retirement by providing certain tax benefits, in the form of tax deferral, for premiums paid under an annuity and permitting tax-free transfers between the various investment options offered under the Contract. The Internal Revenue Code ("Code") governs how earnings on your investment in the Contract are ultimately taxed, depending upon the type of contract, qualified or non-qualified, and the manner in which the money is distributed, as briefly described below. In analyzing the benefits of tax deferral it is important to note that the Jobs and Growth Tax Relief Reconciliation Act of 2003 amended Code Section 1 to reduce the marginal tax rates on long-term capital gains and dividends to 5% and 15%. The reduced rates apply during 2003 through 2008, and thereafter will increase to prior levels. Under current federal tax law, the taxable portion of distributions under variable annuity contracts and qualified plans (including IRAs) is not eligible for the reduced tax rate applicable to long-term capital gains and dividends. Earnings under annuity contracts, like interest payable on fixed investments (notes, bonds, etc.), continue to be taxed as ordinary income (top rate of 35%). The tax law provides deferred annuities issued after October 21, 1988 by the same insurance company or an affiliate in the same calendar year to the same owner are combined for tax purposes. As a result, a greater portion of your withdrawals may be considered taxable income than you would otherwise expect. Although the law is not clear, the aggregation rule may also adversely affect the tax treatment of payments received under an income annuity where the owner has purchased more than one non-qualified annuity during the same calendar year from the same or an affiliated company after October 21, 1988, and is not receiving income payments from all annuities at the same time. Please consult your own tax advisor. STATE AND LOCAL TAXES. The rules for state and local income taxes may differ from the federal income tax rules. Purchasers and prospective purchasers of the Contract should consult their own tax advisers and the law of the applicable taxing jurisdiction to determine what rules and tax benefits apply to the Contract. PENALTY TAX FOR PREMATURE DISTRIBUTIONS. For both Qualified and Non-qualified Contracts, taxable distributions taken before the Contract Owner has reached the age of 59 1/2 will be subject to a 10% additional tax penalty unless the distribution is taken in a series of periodic distributions, for life or life expectancy, or unless the distribution follows the death or disability of the Contract Owner. Other exceptions may be available in certain qualified plans. The 10% tax penalty is in addition to any other penalties that may apply under your Contract and the normal income taxes due on the distribution. 39 TAX-FREE EXCHANGES. Code Section 1035 provides that, if certain conditions are met, no gain or loss is recognized when an annuity contract is received in exchange for a life insurance policy, endowment, or annuity contract. Since different annuity contracts have different expenses, fees and benefits, a tax- free exchange could result in your investment becoming subject to higher or lower fees and/or expenses. FEDERAL ESTATE TAXES. While no attempt is being made to discuss the federal estate tax implications of the Contract, you should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning adviser for more information. GENERATION-SKIPPING TRANSFER TAX. Under certain circumstances, the Code may impose a "generation-skipping transfer tax" when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Contract Owner. Regulations issued under the Code may require us to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS. TYPES OF CONTRACTS: QUALIFIED AND NON-QUALIFIED QUALIFIED ANNUITY CONTRACTS If you purchase your Contract with proceeds of an eligible rollover distribution from any qualified employee pension plan or retirement savings plan or individual retirement annuity (IRA), your Contract is referred to as a Qualified Contract. Some examples of Qualified Contracts are: IRAs (including Roth IRAs), tax-sheltered annuities established by public school systems or certain tax- exempt organizations under Code Section 403(b), corporate sponsored pension, retirement savings, and profit-sharing plans (including 401(k) plans), Keogh Plans (for self-employed individuals), and certain other qualified deferred compensation plans. Another type of Qualified Contract is a Roth IRA, under which after-tax contributions accumulate until maturity, when amounts (including earnings) may be withdrawn tax-free. The rights and benefits under a Qualified Contract may be limited by the terms of the retirement plan, regardless of the terms and conditions of the Contract. Plan participants making contributions to Qualified Contracts will be subject to the required minimum distribution rules as provided by the Code and described below. All qualified plans (including IRAs) receive tax-deferral under the Code. Although there are no additional tax benefits to funding your qualified plan or IRA with an annuity, it does offer you additional insurance benefits, such as the availability of a guaranteed income for life. The Contract has been submitted to the IRS for review and is awaiting approval as to form as a valid IRA. Such approval would not constitute an IRS approval or endorsement of any funding options under the contract. IRS approval as to form is not required to constitute a valid IRA. Disqualification of the Contract as an IRA could result in the immediate taxation of amounts held in the Contract and other adverse tax consequences. TAXATION OF QUALIFIED ANNUITY CONTRACTS Under a qualified annuity, since amounts paid into the Contract generally have not yet been taxed, the full amount of any distributions (including the amount attributable to Purchase Payments), whether paid in the form of lump sum withdrawals or Annuity Payments, are generally taxed at ordinary income tax rates unless the distribution is transferred to an eligible rollover account or contract. There are special rules which govern the taxation of Qualified Contracts, including withdrawal restrictions, requirements for mandatory distributions, and contribution limits. Amounts rolled over to the Contract from other qualified funding vehicles generally are not subject to current taxation. MANDATORY DISTRIBUTIONS FOR QUALIFIED PLANS Federal tax law requires that minimum annual distributions begin by April 1st of the calendar year following the calendar year in which an IRA owner attains age 70 1/2. Participants in qualified plans and 403(b) annuities may defer minimum distributions until the later of April 1st of the calendar year following the calendar year in which they attain age 70 1/2 or the year of retirement (except for participants who are 5% or more owners of the plan sponsor). If you own more than one individual retirement annuity and/or account, you may satisfy the minimum distribution 40 rules on an aggregate basis (i.e. determine the total amount of required distributions from all IRAs and take the required amount from any one or more IRAs). A similar aggregate approach is available to meet your 403(b) minimum distribution requirements if you have multiple 403(b) annuities. Recently promulgated Treasury regulations changed the distribution requirements; therefore, it is important that you consult your tax adviser as to the impact of these regulations on your personal situation. Final income tax regulations regarding minimum distribution requirements were released in June 2004. These regulations affect both deferred and income annuities. Under these new rules, effective with respect to minimum distributions required for the 2006 distribution year, in general, the value of all benefits under a deferred annuity (including death benefits in excess of cash value, including the Enhanced Stepped-Up Provision, as well as all living benefits such as GMAB and GMWB , if available in your contract) must be added to the Contract Value in computing the amount required to be distributed over the applicable period. We will provide you with additional information as to the amount of your interest in the Contract that is subject to required minimum distributions under this new rule and either compute the required amount for you or offer to do so at your request. The new rules are not entirely clear and you should consult your personal tax advisor as to how these rules affect your Contract. MINIMUM DISTRIBUTIONS FOR BENEFICIARIES UPON THE CONTRACT OWNER'S DEATH: Upon the death of the Contract Owner and/or Annuitant of a Qualified Contract, the funds remaining in the Contract must be completely withdrawn within five years from the date of death or minimum distributions may be taken over the life expectancy of the individual beneficiaries (or in the case of certain trusts that are contract beneficiaries, over the life expectancy of the individuals who are the beneficiaries of the trust), provided such distributions are payable at least annually and begin within one year from the date of death. Special rules apply where the beneficiary is the surviving spouse, which allow the spouse to assume the Contract and defer the minimum distribution requirements. NOTE TO PARTICIPANTS IN QUALIFIED PLANS INCLUDING 401, 403(B), 408 OR 457, INCLUDING IRA OWNERS: While annual plan contribution limits may be increased from time to time by Congress and the IRS for federal income tax purposes, these limits must be adopted by each state for any higher limits to be effective at a state income tax level. In other words, the permissible contribution limits for federal and state income tax purposes may be different. Therefore, in certain states, a portion of the contributions may not be excludible or deductible from state income taxes. Please consult your employer or tax adviser regarding this issue. INDIVIDUAL RETIREMENT ANNUITIES To the extent of earned income for the year and not exceeding the applicable limit for the taxable year, an individual may make contributions, which in some cases may be deductible, to an individual retirement annuity (IRA). The applicable limit is $4,000 in 2007 and $5,000 in 2008, and it may be indexed for inflation in years after 2008. Additional "catch-up contributions" may be made to an IRA by individuals age 50 or over. There are certain limits on the deductible amount based on the adjusted gross income of the individual and spouse and on their participation in a retirement plan. If an individual is married and the spouse is not employed, the individual may establish IRAs for the individual and spouse. Purchase Payments may then be made annually into IRAs for both spouses in the maximum amount of 100% of earned income up to a combined limit based on the individual limits outlined above. Deductible contributions to an IRA and Roth IRA for the year must be aggregated for purposes of the individual Code Section 408A limits and the Code Section 219 limits (age 50+catch-up). Partial or full distributions are treated as ordinary income, except that amounts contributed after 1986 on a non-deductible basis are not includable in income when distributed. An additional tax of 10% will apply to any taxable distribution from the IRA that is received by the participant before the age of 59 1/2 except by reason of death, disability or as part of a series of payments for life or life expectancy. Distributions must commence by April 1st of the calendar year after the close of the calendar year in which the individual attains the age of 70 1/2. Certain other mandatory distribution rules apply on the death of the individual. The individual must maintain personal and tax return records of any non-deductible contributions and distributions. Section 408 (k) of the Code provides for the purchase of a Simplified Employee Pension (SEP) plan. A SEP is funded through an IRA and can accept an annual employer contribution limited to the lesser of $46,000 or 100% of pay for each participant in 2008. 41 ROTH IRAS Effective January 1, 1998, Section 408A of the Code permits certain individuals to contribute to a Roth IRA. Eligibility to make contributions is based upon income, and the applicable limits vary based on marital status and/or whether the contribution is a rollover contribution from another IRA or an annual contribution. Contributions to a Roth IRA, which are subject to certain limitations, (similar to the annual limits for traditional IRAs), are not deductible and must be made in cash or as a rollover or transfer from another Roth IRA or other IRA. A conversion of "traditional" IRA to a Roth IRA may be subject to tax and other special rules apply. You should consult a tax adviser before combining any converted amounts with other Roth IRA contributions, including any other conversion amounts from other tax years. Qualified distributions from a Roth IRA are tax-free. A qualified distribution requires that the Roth IRA has been held for at least 5 years, and the distribution is made after age 59 1/2, on death or disability of the owner, or for a limited amount ($10,000) for a qualified first time home purchase for the owner or certain relatives. Income tax and a 10% penalty tax may apply to distributions made (1) before age 59 1/2 (subject to certain exceptions) or (2) during five taxable years starting with the year in which the first contribution is made to the Roth IRA. TSAS (ERISA AND NON-ERISA) GENERAL. TSAs fall under sec.403(b) of the Code, which provides certain tax benefits to eligible employees of public school systems and organizations that are tax exempt under sec.501(c)(3) of the Code. In general contributions to sec.403(b) arrangements are subject to limitations under sec.415(c) of the Code (the lesser of 100% of includable compensation or the applicable limit for the year). Recently, the IRS announced new regulations affecting sec.403(b) plans and arrangements. As part of these regulations, employers will need to meet certain requirements in order for their employees' annuity contracts that fund these programs to retain a tax deferred status under sec.403(b). These regulations are generally effective January 1, 2009. Prior to the new rules, transfers of one annuity contract to another would not result in a loss of tax deferred status under sec.403(b) under certain conditions (so-called "90-24 transfers"). The new regulations have the following effect regarding transfers: (1) a newly issued contract funded by a transfer which is completed after September 24, 2007, is subject to the employer requirements referred to above; (2) additional purchase payments made after September 24, 2007, to a contract that was funded by a 90-24 transfer on or before September 24, 2007, may subject the contract to this new employer requirement. If your Contract was issued previously in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted). WITHDRAWALS AND INCOME PAYMENTS. If you are under 59 1/2, you cannot withdraw money from your TSA Contract unless the withdrawal: - Relates to Purchase Payments made prior to 1989 (and pre-1989 earnings on those Purchase Payments); - Is directly transferred to another permissible investment under sec.403(b) arrangements; - Relates to amounts that are not salary reduction elective deferrals; - Occurs after you die, leave your job or become disabled (as defined by the Code); or - Is for financial hardship (but only to the extent of Purchase Payments) if your plan allows it. DESIGNATED ROTH ACCOUNT FOR 403(B) PLANS. Effective January 1, 2006, employers that established and maintain a TSA/403(b) plan ("the Plan") may also establish a Qualified Roth Contribution Program under Section 402A of the Code ("Designated Roth Accounts") to accept after-tax contributions as part of the TSA plan. In accordance with our administrative procedures, we may permit these contributions to be made as purchase payments to a Section 403(b) Contract under the following conditions: (1) The employer maintaining the plan has demonstrated to our satisfaction that Designated Roth Accounts are permitted under the Plan. 42 (2) In accordance with our administrative procedures, the amount of elective deferrals has been irrevocably designated as an after-tax contribution to the Designated Roth Account. (3) All state regulatory approvals have been obtained to permit the Contract to accept such after-tax elective deferral contributions (and, where permitted under the Qualified Roth Contribution Program and the Contract, rollovers and trustee-to-trustee transfers from other Designated Roth Accounts). (4) In accordance with our procedures and in a form satisfactory to us, we may accept rollovers from other funding vehicles under any Qualified Roth Contribution Program of the same type in which the employee participates as well as trustee-to-trustee transfers from other funding vehicles under the same Qualified Roth Contribution Program for which the participant is making elective deferral contributions to the Contract. (5) No other contribution types (including employer contributions, matching contributions, etc.) will be allowed as designated Roth contributions, unless they become permitted under the Code. (6) If permitted under the federal tax law, we may permit both pre-tax contributions under a 403(b) plan as well as after-tax contributions under the Plan's Qualified Roth Contribution Program to be made under the same Contract as well as rollover contributions and contributions by trustee-to-trustee transfers. In such cases, we will account separately for the designated Roth contributions and the earnings thereon from the contributions and earnings made under the pre-tax TSA plan (whether made as elective deferrals, rollover contributions or trustee-to-trustee transfers). As between the pre-tax or traditional Plan and the Qualified Roth Contribution Program, we will allocate any living benefits or death benefits provided under the Contract on a reasonable basis, as permitted under the tax law. (7) We may refuse to accept contributions made as rollovers and trustee- to-trustee transfers, unless we are furnished with a breakdown as between participant contributions and earnings at the time of the contribution. Many of the federal income tax rules pertaining to Designated Roth Accounts have not yet been finalized. Both you and your employer should consult their own tax and legal advisors prior to making or permitting contributions to be made to a Qualified Roth Contribution Program. The following general tax rules are based on our understanding of the Code and any regulations issued through December 31, 2005, and are subject to change and to different interpretation as well as additional guidance in respect to areas not previously addressed: The employer must permit contributions under a pre-tax 403(b) plan in order to permit contributions to be irrevocably designated and made part of a Qualified Roth Contribution Program. Elective deferral contributions to the Designated Roth Account must be aggregated with all other elective deferral contributions made by a taxpayer for purposes of the individual Code Section 402(g) limits and the Code Section 414(v) limits (relating to age 50 and over catch-up contributions) as well as contribution limits that apply under the Plan. In general, the same tax law rules with respect to restricted monies, triggering events and permitted distributions will apply to the Designated Roth Accounts under the Plan as apply to the traditional pre-tax accounts under the plan (e.g., death or disability of participant, severance from employment, attainment of age 59 1/2 and hardship withdrawals only with respect to contributions (if permitted under the Plan)). If the amounts have been held under any Designated Roth Account of a participant for at least five years and are made on account of death, disability or after attainment of age 59 1/2, then any withdrawal, distribution or payment of these amounts is generally free of federal income tax ("Qualified Distributions"). Unlike Roth IRAs, withdrawal, distributions and payments that do not meet the five year rule will generally be taxed on a pro-rated basis with respect to earnings and after-tax contributions. The 10% penalty tax will generally apply on the same basis as a traditional pre-tax account under the Plan. Additionally, rollover distributions may only be made tax-free into another Designated Roth Account or into a Roth IRA. Some states may not permit contributions to be made to a Qualified Roth Contribution Program or may require additional conforming legislation for these rules to become effective. 43 LOANS. If your TSA Contract permits loans, such loans will be made only from any Fixed Interest Account balance and only up to certain limits. In that case, we credit your Fixed Interest Account balance up to the amount of the outstanding loan balance with a rate of interest that is less than the interest rate we charge for the loan. The Code and applicable income tax regulations limit the amount that may be borrowed from your Contract and all you employer plans in the aggregate and also require that loans be repaid, at a minimum, in scheduled level payments over a proscribed term. Your Contract will indicate whether loans are permitted. The terms of the loan are governed by the Contract and loan agreement. Failure to satisfy loan limits under the Code or to make any scheduled payments according to the terms of your loan agreement and Federal tax law could have adverse tax consequences. Consult a tax advisor and read your loan agreement and Contract prior to taking any loan. NON-QUALIFIED ANNUITY CONTRACTS If you purchase the Contract on an individual basis with after-tax dollars and not under one of the programs described above, your Contract is referred to as non-qualified. As the owner of a non-qualified annuity, you do not receive any tax benefit (deduction or deferral of income) on Purchase Payments, but you will not be taxed on increases in the value of your Contract until a distribution occurs -- either as a withdrawal made prior to the Maturity Date or in the form of periodic Annuity Payments. As a general rule, there is income in the Contract (earnings) to the extent the Contract Value exceeds your investment in the Contract. The investment in the Contract equals the total Purchase Payments less any amount received previously which was excludible from gross income. Generally, different tax rules apply to Annuity Payments than to withdrawals and payments received before the annuity starting date. When a withdrawal is made, you are taxed on the amount of the withdrawal that is considered earnings under federal tax laws. Similarly, when you receive an Annuity Payment, part of each periodic payment is considered a return of your Purchase Payments and will not be taxed, but the remaining portion of the Annuity Payment (i.e., any earnings) will be considered ordinary income for federal income tax purposes. Annuity Payments are subject to an "excludable amount" or "exclusion ratio" which determines how much of each payment is treated as: - a non-taxable return of your Purchase Payment; or - a taxable payment of earnings. We generally will tell you how much of each Annuity Payment is a non-taxable return of your Purchase Payments. However, it is possible that the IRS could conclude that the taxable portion of Annuity Payments under a non-qualified contract is an amount greater (or less) than the taxable amount determined by us and reported by us to you and the IRS. Generally, once the total amount treated as a non-taxable return of your Purchase Payments equals your Purchase Payments, then all remaining payments are fully taxable. We will withhold a portion of the taxable amount of your Annuity Payment for income taxes, unless you elect otherwise. The amount we withhold is determined by the Code. Code Section 72(s) requires that non-qualified annuity contracts meet minimum mandatory distribution requirements upon the death of the Contract Owner, including the death of either of the Joint Owners. If these requirements are not met, the Contract will not be treated as an annuity contract for federal income tax purposes and earnings under the Contract will be taxable currently, not when distributed. The distribution required depends, among other things, upon whether an annuity option is elected or whether the succeeding Contract Owner is the surviving spouse. We will administer contracts in accordance with these rules and we will notify you when you should begin receiving payments. There is a more complete discussion of these rules in the SAI. If a non-qualified annuity is owned by a non-natural person (e.g., a corporation), increases in the value of the Contract attributable to Purchase Payments made after February 28, 1986 are includable in income annually and taxed at ordinary income tax rates. Furthermore, for contracts issued after April 22, 1987, if the Contract is transferred to another person or entity without adequate consideration, all deferred increases in value will be treated as income for federal income tax purposes at the time of the transfer. PARTIAL WITHDRAWALS: If you make a partial withdrawal of your Contract Value, the distribution generally will be taxed as first coming from earnings (income in the Contract) and then from your Purchase Payments. These withdrawn 44 earnings are includable in your taxable income. (See "Penalty Tax for Premature Distributions" below.) Any direct or indirect borrowing against the value of the Contract or pledging of the Contract as security for a loan will be treated as a cash distribution under the tax law, and will have tax consequences in the year taken. It should be noted that there is no guidance as to the determination of the amount of income in a Contract if it is issued with a Guaranteed Minimum Withdrawal Benefit (GMWB). Therefore, you should consult with your tax adviser as to the potential tax consequences of a partial surrender if your Contract is issued with a GMWB. PARTIAL ANNUITIZATIONS (IF AVAILABLE WITH YOUR CONTRACT): At the present time the IRS has not approved the use of an exclusion ratio or exclusion amount when only part of your Contract Value is applied to a payment option. Currently, we will treat the application of less than your entire Contract Value under a Non- qualified Contract to a payment option (i.e. taking Annuity Payments) as a taxable withdrawal for federal income tax purposes (which may also be subject to the 10% penalty tax if you are under age 59 1/2). We will then treat the amount of the withdrawal (after any deductions for taxes) as the purchase price of an income annuity and tax report the income payments received under that annuity under the rules for variable income annuities. Consult your tax attorney prior to partially annuitizing your Contract. We will determine the excludable amount for each income payment under the Contract as a whole by using the rules applicable to variable income payments in general (i.e. by dividing your after-tax purchase price, as adjusted for any refund or guarantee feature, by the number of expected income payments from the appropriate IRS table). However, the IRS may determine that the excludable amount is different from our computation. DIVERSIFICATION REQUIREMENTS FOR VARIABLE ANNUITIES The Code requires that any non-qualified variable annuity contracts based on a Separate Account must meet specific diversification standards. Non-qualified variable annuity contracts shall not be treated as an annuity for federal income tax purposes if investments made in the account are not adequately diversified. Final tax regulations define how Separate Accounts must be diversified. The Company constantly monitors the diversification of investments and believes that its accounts are adequately diversified. The consequence of any failure to diversify is essentially the loss to the Contract Owner of tax-deferred treatment, requiring the current inclusion of a proportionate share of the income and gains from the Separate Account assets in the income of each Contract Owner. The Company intends to administer all contracts subject to this provision of law in a manner that will maintain adequate diversification. OWNERSHIP OF THE INVESTMENTS In certain circumstances, owners of variable annuity contracts have been considered to be the owners of the assets of the underlying Separate Account for federal income tax purposes due to their ability to exercise investment control over those assets. When this is the case, the Contract Owners have been currently taxed on income and gains attributable to the Separate Account assets. There is little guidance in this area, and some features of the Contract, such as the number of funds available and the flexibility of the Contract Owner to allocate premium payments and transfer amounts among the funding options, have not been addressed in public rulings. While we believe that the Contract does not give the Contract Owner investment control over Separate Account assets, we reserve the right to modify the Contract as necessary to prevent a Contract Owner from being treated as the owner of the Separate Account assets supporting the Contract. TAXATION OF DEATH BENEFIT PROCEEDS Amounts may be distributed from a Non-qualified Contract because of the death of an owner or Annuitant. Generally, such amounts are includable in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as a full surrender of the Contract; or (ii) if distributed under a payment option, they are taxed in the same way as Annuity Payments. 45 OTHER TAX CONSIDERATIONS TREATMENT OF CHARGES FOR OPTIONAL BENEFITS The Contract may provide one or more optional enhanced death benefits or other minimum guaranteed benefit that in some cases may exceed the greater of purchase price or the Contract Value. It is possible that the Internal Revenue Service may take the position that the charges for the optional enhanced benefit(s) are deemed to be taxable distributions to you. Although we do not believe that a charge under such optional enhanced benefit should be treated as a taxable withdrawal, you should consult with your tax adviser before selecting any rider or endorsement to the Contract. GUARANTEED MINIMUM WITHDRAWAL BENEFITS If you have purchased the Guaranteed Minimum Withdrawal Benefit Rider, where otherwise made available, note the following: The tax treatment of withdrawals under such a benefit is uncertain. It is conceivable that the amount of potential gain could be determined based on the remaining amounts guaranteed to be available for withdrawal at the time of the withdrawal if greater than the Contract Value. This could result in a greater amount of taxable income in certain cases. In general, at the present time, the Company intends to tax report such withdrawals using the Contract Value rather than the remaining benefit to determine gain. However, in cases where the maximum permitted withdrawal in any year under any version of the GMWB exceeds the Contract Value, the portion of the withdrawal treated as taxable gain (not to exceed the amount of the withdrawal) should be measured as the difference between the maximum permitted withdrawal amount under the benefit and the remaining after-tax basis immediately preceding the withdrawal. In the event that the Contract Value goes to zero, and the Remaining Benefit Base is paid out in fixed installments, we will treat such payments as income annuity payments under the tax law and allow recovery of any remaining basis ratably over the expected number of payments. The Company reserves the right to change its tax reporting practices where it determines they are not in accordance with IRS guidance (whether formal or informal). PUERTO RICO TAX CONSIDERATIONS The Puerto Rico Internal Revenue Code of 1994 (the "1994 Code") taxes distributions from non-qualified annuity contracts differently than in the U.S. Distributions that are not in the form of an annuity (including partial surrenders and period certain payments) are treated under the 1994 Code first as a return of investment. Therefore, a substantial portion of the amounts distributed generally will be excluded from gross income for Puerto Rico tax purposes until the cumulative amount paid exceeds your tax basis. The amount of income on annuity distributions (payable over your lifetime) is also calculated differently under the 1994 Code. Since Puerto Rico residents are also subject to U.S. income tax on all income other than income sourced to Puerto Rico and the Internal Revenue Service issued guidance in 2004 which indicated that the income from an annuity contract issued by a U.S. life insurer would be considered U.S. source income, the timing of recognition of income from an annuity contract could vary between the two jurisdictions. Although the 1994 Code provides a credit against the Puerto Rico income tax for U.S. income taxes paid, an individual may not get full credit because of the timing differences. You should consult with a personal tax adviser regarding the tax consequences of purchasing an annuity contract and/or any proposed distribution, particularly a partial distribution or election to annuitize. NON-RESIDENT ALIENS Distributions to non resident aliens ("NRAs") are subject to special and complex tax and withholding rules under the Code with respect to U.S. source income, some of which are based upon the particular facts and circumstances of the Contract Owner, the beneficiary and the transaction itself. As stated above, the IRS has taken the position that income from the Contract received by NRAs is considered U.S. source income. In addition, Annuity Payments to NRAs in many countries are exempt from U.S. tax (or subject to lower rates) based upon a tax treaty, provided that 46 the Contract Owner complies with the applicable requirements. NRAs should seek guidance from a tax adviser regarding their personal situation. TAX CREDITS AND DEDUCTIONS The Company may be entitled to certain tax benefits related to the assets of the Separate Account. These tax benefits, which may include foreign tax credits and corporate dividend received deductions, are not passed back to the Separate Account or to Contract Owners since the Company is the owner of the assets from which the tax benefits are derived. OTHER INFORMATION - -------------------------------------------------------------------------------- THE INSURANCE COMPANY Please refer to your Contract to determine which Company issued your Contract. MetLife Insurance Company of Connecticut is a stock insurance company chartered in 1863 in Connecticut and continuously engaged in the insurance business since that time. It is licensed to conduct life insurance business in all states of the United States, the District of Columbia, Puerto Rico, Guam, the U.S. and British Virgin Islands and the Bahamas. The Company is a wholly-owned subsidiary of MetLife, Inc., a publicly-traded company. MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers. The Company's Home Office is located at One Cityplace, Hartford, Connecticut 06103-3415. Before December 7, 2007, certain of the Contracts were issued by MetLife Life and Annuity Company of Connecticut, a stock life insurance company chartered in 1973 in Connecticut. These Contracts were funded through MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002, a separate account registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended. On December 7, 2007, MLACC, a wholly-owned subsidiary of the Company and an indirect, wholly-owned subsidiary of MetLife, Inc., merged with and into the Company. Upon consummation of the merger, MLACC's corporate existence ceased by operation of law, and the Company assumed legal ownership of all of the assets of MLACC, including MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 and its assets. Pursuant to the merger, therefore, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 became a separate account of the Company. As a result of the merger, the Company also has become responsible for all of MLACC's liabilities and obligations, including those created under the Contract as initially issued by MLACC (formerly known as The Travelers Life and Annuity Company) and outstanding on the date of the merger. The Contract has thereby become a variable contract funded by a separate account of the Company, and each owner thereof has become a Contract Owner of the Company. FINANCIAL STATEMENTS The financial statements for the Company and its Separate Account MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 are located in the Statement of Additional Information. The financial statements for the Separate Account MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 are attached. DISTRIBUTION OF VARIABLE ANNUITY CONTRACTS DISTRIBUTION AND PRINCIPAL UNDERWRITING AGREEMENT. MetLife Insurance Company of Connecticut (the "Company") has appointed MetLife Investors Distribution Company ("MLIDC") to serve as the principal underwriter and distributor of the securities offered through this Prospectus, pursuant to the terms of a Distribution and Principal Underwriting Agreement. MLIDC, which is an affiliate of the Company, also acts as the principal underwriter and distributor of other variable annuity contracts and variable life insurance policies issued by the Company and its affiliated companies. The Company reimburses MLIDC for expenses MLIDC incurs in distributing the Contracts (e.g. 47 commissions payable to retail broker-dealers who sell the Contracts). MLIDC does not retain any fees under the Contracts; however, MLIDC may receive 12b-1 fees from the Underlying Funds. MLIDC's principal executive offices are located at 5 Park Plaza, Suite 1900, Irvine, California 92614. MLIDC is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as well as the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority (FINRA). An investor brochure that includes information describing FINRA's Public Disclosure Program is available by calling FINRA's Public Disclosure Program hotline at 1- 800-289-9999, or by visiting FINRA's website at www.finra.org. MLIDC and the Company enter into selling agreements with affiliated and unaffiliated broker-dealers who are registered with the SEC and are members of FINRA, and with entities that may offer the Contracts but are exempt from registration. Applications for the Contract are solicited by registered representatives who are associated persons of such affiliated or unaffiliated broker-dealer firms. Such representatives act as appointed agents of the Company under applicable state insurance law and must be licensed to sell variable insurance products. The Company no longer offers the Contracts to new purchasers but it continues to accept Purchase Payments from Contract Owners. COMPENSATION. Broker-dealers who have selling agreements with MLIDC and the Company are paid compensation for the promotion and sale of the Contracts. Registered representatives who solicit sales of the Contract typically receive a portion of the compensation payable to the broker-dealer firm. The amount the registered representative receives depends on the agreement between the firm and the registered representative. This agreement may also provide for the payment of other types of cash and non-cash compensation and other benefits. A broker- dealer firm or registered representative of a firm may receive different compensation for selling one product over another and/or may be inclined to favor one product provider over another product provider due to differing compensation rates. We generally pay compensation as a percentage of purchase payments invested in the Contract. Alternatively, we may pay lower compensation on purchase payments but pay periodic asset-based compensation based on all or a portion of the Contract Value. The amount and timing of compensation may vary depending on the selling agreement but is not expected to exceed 7.50% of Purchase Payments (if up-front compensation is paid to registered representatives) and up to 1.50% annually of average Contract Value (if asset-based compensation is paid to registered representatives). The Company and MLIDC have also entered into preferred distribution arrangements with certain broker-dealer firms. These arrangements are sometimes called "shelf space" arrangements. Under these arrangements, the Company and MLIDC pay separate, additional compensation to the broker-dealer firm for services the broker-dealer provides in connection with the distribution of the Company's products. These services may include providing the Company with access to the distribution network of the broker-dealer, the hiring and training of the broker-dealer's sales personnel, the sponsoring of conferences and seminars by the broker-dealer, or general marketing services performed by the broker-dealer. The broker-dealer may also provide other services or incur other costs in connection with distributing the Company's products. These preferred distribution arrangements will not be offered to all broker- dealer firms and the terms of such arrangements may differ between broker-dealer firms. Compensation payable under such arrangements may be based on aggregate, net or anticipated sales of the Contracts, total assets attributable to sales of the Contract by registered representatives of the broker-dealer firm or based on the length of time that a Contract Owner has owned the Contract. Any such compensation payable to a broker-dealer firm will be made by MLIDC or the Company out of their own assets and will not result in any additional direct charge to you. Such compensation may cause the broker-dealer firm and its registered representatives to favor the Company's products. The Company and MLIDC have entered into selling agreements with certain broker- dealer firms that have an affiliate that acts as investment adviser or sub- adviser to one or more Underlying Funds that may be offered under the Contracts. These investment advisory firms include Fidelity Management & Research Company, Morgan Stanley Investment Advisers Inc., MetLife Investment Funds Management LLC, MetLife Advisers, LLC and Met Investors Advisory LLC. MetLife Investment Funds Management LLC, MetLife Advisers LLC and Met Investors Advisory LLC are affiliates of the Company. Registered representatives of broker-dealer firms with an affiliated company acting as an adviser or a sub-adviser may favor these Funds when offering the Contracts. 48 CONFORMITY WITH STATE AND FEDERAL LAWS The laws of the state in which we deliver a contract govern that Contract. Where a state has not approved a contract feature or funding option, it will not be available in that state. Any paid-up annuity, Cash Surrender Value or death benefits that are available under the Contract are not less than the minimum benefits required by the statutes of the state in which we delivered the Contract. We reserve the right to make any changes, including retroactive changes, in the Contract to the extent that the change is required to meet the requirements of any law or regulation issued by any governmental agency to which the Company, the Contract or the Contract Owner is subject. VOTING RIGHTS The Company is the legal owner of the shares of the Underlying Funds. However, we believe that when an Underlying Fund solicits proxies in conjunction with a vote of shareholders we are required to obtain from you and from other owners instructions on how to vote those shares. We will vote all shares, including those we may own on our own behalf, and those where we have not received instructions from Contract Owners, in the same proportion as shares for which we received voting instructions. The effect of this proportional voting is that a small number of Contract Owners may control the outcome of a vote. Should we determine that we are no longer required to comply with the above, we will vote the shares in our own right. In certain limited circumstances, and when permitted by law, we may disregard voting instructions. If we do disregard voting instructions, a summary of that action and the reasons for such action would be included in the next annual report to Contract Owners. RESTRICTIONS ON FINANCIAL TRANSACTIONS Federal laws designed to counter terrorism and prevent money laundering might, in certain circumstances, require us to block a Contract Owner's ability to make certain transactions and thereby refuse to accept any request for transfers, withdrawals, surrenders, or death benefits, until the instructions are received from the appropriate regulator. We may also be required to provide additional information about you and your Contract to government regulators. LEGAL PROCEEDINGS In the ordinary course of business, the Company, similar to other life insurance companies, is involved in lawsuits (including class action lawsuits), arbitrations and other legal proceedings. Also, from time to time, state and federal regulators or other officials conduct formal and informal examinations or undertake other actions dealing with various aspects of the financial services and insurance industries. In some legal proceedings involving insurers, substantial damages have been sought and/or material settlement payments have been made. It is not possible to predict with certainty the ultimate outcome of any pending legal proceeding or regulatory action. However, the Company does not believe any such action or proceeding will have a material adverse effect upon the Separate Account or upon the ability of MLIDC to perform its contract with the Separate Account or of the Company to meet its obligations under the Contracts. 49 THIS PAGE INTENTIONALLY LEFT BLANK. APPENDIX A - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE INSURANCE COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are included in the Statement of Additional Information ("SAI"). The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.838 2.180 -- 2006 1.490 1.838 -- 2005 1.297 1.490 1,754 2004 1.068 1.297 10,619 2003 1.000 1.068 -- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.160 1.166 -- 2005 1.091 1.160 48,803 2004 1.064 1.091 93,454 2003 1.000 1.064 55,895 Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.563 2.047 -- 2006 1.337 1.563 -- 2005 1.191 1.337 -- 2004 1.123 1.191 -- 2003 1.000 1.123 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.660 2.786 -- 2006 2.041 2.660 1,583 2005 1.623 2.041 1,789 2004 1.321 1.623 2,092 2003 1.000 1.321 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.828 1.726 -- 2006 1.642 1.828 -- 2005 1.438 1.642 -- 2004 1.240 1.438 -- 2003 1.000 1.240 --
A-1 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.494 1.489 4,761 2006 1.411 1.494 12,400 2005 1.318 1.411 17,640 2004 1.173 1.318 14,896 2003 1.000 1.173 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.278 1.350 -- 2006 1.193 1.278 -- 2005 1.174 1.193 -- 2004 1.127 1.174 -- 2003 1.000 1.127 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.140 1.175 -- 2006 1.007 1.140 4,782 2005 1.000 1.007 27,580 DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.211 1.818 24,510 2006 1.640 2.211 29,722 2005 1.498 1.640 48,068 2004 1.165 1.498 30,144 2003 1.000 1.165 3,070 DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.022 1.043 -- 2006 0.996 1.022 -- 2005 1.000 0.996 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.340 1.477 27,795 2006 1.260 1.340 32,145 2005 1.181 1.260 35,387 2004 1.117 1.181 -- 2003 1.000 1.117 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.113 2.263 1,085 2006 1.764 2.113 5,020 2005 1.519 1.764 29,387 2004 1.255 1.519 5,780 2003 1.000 1.255 1,444
A-2 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.411 1.401 5,758 2006 1.267 1.411 29,961 2005 1.219 1.267 29,117 2004 1.129 1.219 17,169 2003 1.000 1.129 3,187 DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.334 1.480 248,407 2006 1.282 1.334 248,418 2005 1.207 1.282 190,680 2004 1.125 1.207 21,844 2003 1.000 1.125 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.902 2.137 38,483 2006 1.543 1.902 38,880 2005 1.356 1.543 39,384 2004 1.186 1.356 10,335 2003 1.000 1.186 4,604 DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.213 1.270 -- 2005 1.240 1.213 58,934 2004 1.131 1.240 7,135 2003 1.000 1.131 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.436 1.584 -- 2005 1.290 1.436 -- 2004 1.177 1.290 -- 2003 1.000 1.177 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.228 1.261 1,919 2006 1.137 1.228 1,921 2005 1.113 1.137 10,451 2004 1.065 1.113 1,926 2003 1.000 1.065 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.606 1.628 6,718 2006 1.418 1.606 12,501 2005 1.315 1.418 40,257 2004 1.157 1.315 25,112 2003 1.000 1.157 16,144 DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.163 1.197 41,290 2006 1.087 1.163 64,115 2005 1.059 1.087 22,736 2004 1.000 1.059 1,000
A-3 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.036 1.057 149,938 2006 1.014 1.036 162,733 2005 1.013 1.014 226,462 2004 0.990 1.013 230,267 2003 1.000 0.990 120,178 DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.533 1.570 55,009 2006 1.364 1.533 56,779 2005 1.270 1.364 108,093 2004 1.160 1.270 66,607 2003 1.000 1.160 7,313 DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.598 1.536 231,297 2006 1.375 1.598 250,787 2005 1.301 1.375 278,246 2004 1.164 1.301 81,517 2003 1.000 1.164 13,919 DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.660 2.034 29,062 2005 1.538 1.660 31,234 2004 1.246 1.538 21,154 2003 1.000 1.246 1,443 DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.133 1.361 -- 2005 1.054 1.133 34,826 DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 2.040 2.122 -- 2006 1.600 2.040 -- 2005 1.328 1.600 -- 2004 1.182 1.328 -- 2003 1.000 1.182 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.039 1.077 1,161 2006 1.018 1.039 3,630 2005 1.013 1.018 3,695 2004 0.997 1.013 2,590 2003 1.000 0.997 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.265 1.313 -- 2006 1.142 1.265 -- 2005 1.096 1.142 -- 2004 1.000 1.096 1,000
A-4 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.326 1.311 50,540 2006 1.225 1.326 55,971 2005 1.205 1.225 66,303 2004 1.093 1.205 50,327 2003 1.000 1.093 14,993 DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.061 1.080 -- 2005 1.042 1.061 47,606 2004 1.000 1.042 1,000 DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.248 1.248 -- 2005 1.226 1.248 -- 2004 1.134 1.226 10,865 2003 1.000 1.134 6,711 DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.934 2.209 92,529 2006 1.573 1.934 95,524 2005 1.403 1.573 154,401 2004 1.211 1.403 6,969 2003 1.000 1.211 1,499 DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.428 1.491 4,234 2006 1.345 1.428 4,199 2005 1.224 1.345 4,231 2004 1.121 1.224 4,736 2003 1.000 1.121 4,828 DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.292 1.277 -- 2005 1.226 1.292 2,004 2004 1.112 1.226 -- 2003 1.000 1.112 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.151 1.276 -- 2005 1.037 1.151 50,432 DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.417 1.570 4,916 2006 1.253 1.417 10,817 2005 1.255 1.253 63,485 2004 1.164 1.255 49,380 2003 1.000 1.164 1,556 DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.267 1.305 -- 2005 1.297 1.267 54,165 2004 1.124 1.297 41,830 2003 1.000 1.124 4,838
A-5 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.456 1.544 591 2006 1.339 1.456 592 2005 1.188 1.339 593 2004 1.166 1.188 -- 2003 1.000 1.166 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.214 1.254 20,572 2006 1.113 1.214 20,596 2005 1.077 1.113 182,071 2004 1.000 1.077 1,000 DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.011 1.040 75,981 2006 0.987 1.011 77,712 2005 0.980 0.987 87,533 2004 0.992 0.980 37,780 2003 1.000 0.992 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.113 1.137 -- 2005 1.185 1.113 2,957 2004 1.195 1.185 3,041 2003 1.000 1.195 -- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.333 1.386 10,295 2006 1.293 1.333 12,689 2005 1.233 1.293 13,130 2004 1.134 1.233 8,702 2003 1.000 1.134 1,591 DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.125 1.162 61,048 2006 1.052 1.125 63,442 2005 1.050 1.052 76,487 2004 0.986 1.050 56,474 2003 1.000 0.986 16,555 DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.218 1.363 -- 2006 1.233 1.218 1,934 2005 1.215 1.233 1,715 2004 1.217 1.215 1,663 2003 1.000 1.217 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.509 1.856 -- 2006 1.445 1.509 -- 2005 1.321 1.445 3,623 2004 1.214 1.321 21,088 2003 1.000 1.214 --
A-6 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.768 3.486 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.071 1.096 17,354 2006 1.000 1.071 39,930
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.780 2.092 -- 2006 1.456 1.780 -- 2005 1.279 1.456 -- 2004 1.063 1.279 -- 2003 1.000 1.063 -- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.133 1.136 -- 2005 1.075 1.133 -- 2004 1.059 1.075 -- 2003 1.000 1.059 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.514 1.965 -- 2006 1.306 1.514 -- 2005 1.174 1.306 -- 2004 1.117 1.174 -- 2003 1.000 1.117 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.576 2.690 -- 2006 1.995 2.576 -- 2005 1.600 1.995 -- 2004 1.315 1.600 -- 2003 1.000 1.315 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.770 1.657 -- 2006 1.605 1.770 -- 2005 1.418 1.605 -- 2004 1.234 1.418 -- 2003 1.000 1.234 --
A-7 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.447 1.429 -- 2006 1.379 1.447 -- 2005 1.299 1.379 -- 2004 1.167 1.299 -- 2003 1.000 1.167 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.238 1.296 -- 2006 1.166 1.238 -- 2005 1.158 1.166 -- 2004 1.121 1.158 -- 2003 1.000 1.121 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.127 1.151 -- 2006 1.004 1.127 -- 2005 1.000 1.004 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.141 1.745 -- 2006 1.602 2.141 -- 2005 1.477 1.602 -- 2004 1.160 1.477 -- 2003 1.000 1.160 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.009 1.020 -- 2006 0.992 1.009 -- 2005 1.000 0.992 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.298 1.418 -- 2006 1.231 1.298 -- 2005 1.164 1.231 -- 2004 1.111 1.164 -- 2003 1.000 1.111 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.047 2.172 -- 2006 1.723 2.047 -- 2005 1.498 1.723 -- 2004 1.249 1.498 -- 2003 1.000 1.249 --
A-8 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.367 1.345 -- 2006 1.238 1.367 -- 2005 1.202 1.238 -- 2004 1.123 1.202 -- 2003 1.000 1.123 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.292 1.420 -- 2006 1.253 1.292 -- 2005 1.190 1.253 -- 2004 1.119 1.190 -- 2003 1.000 1.119 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.843 2.051 -- 2006 1.507 1.843 -- 2005 1.337 1.507 -- 2004 1.180 1.337 -- 2003 1.000 1.180 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.186 1.234 -- 2005 1.223 1.186 -- 2004 1.125 1.223 -- 2003 1.000 1.125 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.403 1.535 -- 2005 1.272 1.403 -- 2004 1.171 1.272 -- 2003 1.000 1.171 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.189 1.210 -- 2006 1.111 1.189 -- 2005 1.098 1.111 -- 2004 1.059 1.098 -- 2003 1.000 1.059 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.555 1.563 -- 2006 1.386 1.555 -- 2005 1.296 1.386 -- 2004 1.151 1.296 -- 2003 1.000 1.151 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.138 1.161 -- 2006 1.074 1.138 -- 2005 1.056 1.074 -- 2004 1.000 1.056 --
A-9 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.003 1.014 -- 2006 0.991 1.003 -- 2005 0.999 0.991 -- 2004 0.985 0.999 -- 2003 1.000 0.985 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.485 1.507 -- 2006 1.333 1.485 -- 2005 1.252 1.333 -- 2004 1.154 1.252 -- 2003 1.000 1.154 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.548 1.475 -- 2006 1.344 1.548 -- 2005 1.282 1.344 -- 2004 1.158 1.282 -- 2003 1.000 1.158 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.622 1.970 -- 2005 1.517 1.622 -- 2004 1.240 1.517 -- 2003 1.000 1.240 -- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.122 1.336 -- 2005 1.077 1.122 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.975 2.037 -- 2006 1.564 1.975 -- 2005 1.310 1.564 -- 2004 1.176 1.310 -- 2003 1.000 1.176 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.006 1.034 -- 2006 0.995 1.006 -- 2005 0.999 0.995 -- 2004 0.992 0.999 -- 2003 1.000 0.992 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.239 1.274 -- 2006 1.128 1.239 -- 2005 1.092 1.128 -- 2004 1.000 1.092 --
A-10 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.284 1.258 -- 2006 1.197 1.284 -- 2005 1.188 1.197 -- 2004 1.088 1.188 -- 2003 1.000 1.088 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.048 1.060 -- 2005 1.039 1.048 -- 2004 1.000 1.039 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.223 1.223 -- 2005 1.209 1.223 -- 2004 1.128 1.209 -- 2003 1.000 1.128 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.873 2.120 -- 2006 1.537 1.873 -- 2005 1.384 1.537 -- 2004 1.205 1.384 -- 2003 1.000 1.205 -- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.383 1.431 -- 2006 1.314 1.383 -- 2005 1.207 1.314 -- 2004 1.115 1.207 -- 2003 1.000 1.115 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.262 1.238 -- 2005 1.209 1.262 -- 2004 1.106 1.209 -- 2003 1.000 1.106 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.140 1.253 -- 2005 1.061 1.140 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.372 1.507 -- 2006 1.225 1.372 -- 2005 1.237 1.225 -- 2004 1.158 1.237 -- 2003 1.000 1.158 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.239 1.267 -- 2005 1.279 1.239 -- 2004 1.118 1.279 -- 2003 1.000 1.118 --
A-11 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.410 1.482 -- 2006 1.309 1.410 -- 2005 1.172 1.309 -- 2004 1.161 1.172 -- 2003 1.000 1.161 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.188 1.216 -- 2006 1.099 1.188 -- 2005 1.074 1.099 -- 2004 1.000 1.074 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.979 0.998 -- 2006 0.964 0.979 -- 2005 0.966 0.964 -- 2004 0.987 0.966 -- 2003 1.000 0.987 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.088 1.102 -- 2005 1.169 1.088 -- 2004 1.189 1.169 -- 2003 1.000 1.189 -- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.291 1.330 -- 2006 1.264 1.291 -- 2005 1.215 1.264 -- 2004 1.128 1.215 -- 2003 1.000 1.128 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.090 1.115 -- 2006 1.028 1.090 -- 2005 1.035 1.028 -- 2004 0.981 1.035 -- 2003 1.000 0.981 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.179 1.308 -- 2006 1.205 1.179 -- 2005 1.198 1.205 -- 2004 1.211 1.198 -- 2003 1.000 1.211 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.461 1.781 -- 2006 1.412 1.461 -- 2005 1.303 1.412 -- 2004 1.208 1.303 -- 2003 1.000 1.208 --
A-12 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.673 3.346 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.064 1.079 -- 2006 1.000 1.064 --
The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 04/29/2005, Scudder Variable Series I-21st Century Growth Portfolio merged into Scudder Variable Series II-Scudder Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-Scudder Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Eagle Focused Large Cap Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Focused Vale and Growth Portfolio merged into Scudder Variable Series I-Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 09/19/2005, Scudder Variable Series II-SVS Index 500 Portfolio merged into Scudder Investments VIT Funds-Scudder VIT Equity Index 500 Fund and is no longer available as a funding option. Effective on or about 05/01/2006, The Alger American Fund-Alger American Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Dreman Financial Services VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Income Allocation VIP merged into DWS Variable Series II-DWS Conservative Allocation VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS MFS(R) Strategic Value VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Janus Growth Opportunities VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Legg Mason Aggressive Growth VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Mercury Large Cap Core VIP merged into DWS Variable Series I-DWS Growth & Income VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Oak Strategic Equity VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. A-13 Effective on or about 12/11/2006, DWS Variable Series II-DWS Templeton Foreign Value VIP merged into DWS Variable Series I-DWS International VIP and is no longer available as a funding option. Effective on or about 04/30/2007, Credit Suisse Trust-Credit Suisse Trust Emerging Markets Portfolio was replaced by Met Investors Series Trust-MFS(R) Emerging Markets Equity Portfolio and is no longer available as a funding option. A-14 APPENDIX B - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE LIFE AND ANNUITY COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are attached. The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (9/03)............... 2007 1.838 2.180 11,985 2006 1.490 1.838 12,377 2005 1.297 1.490 3,598 2004 1.068 1.297 94,811 2003 1.000 1.068 -- Alger American Fund Alger American Balanced Subaccount (Class S) (7/03)............................................. 2006 1.160 1.166 -- 2005 1.091 1.160 58,749 2004 1.064 1.091 85,199 2003 1.000 1.064 31,739 Alger American Leveraged AllCap Subaccount (Class S) (9/03).......................................... 2007 1.563 2.047 28,256 2006 1.337 1.563 39,716 2005 1.191 1.337 40,201 2004 1.123 1.191 35,593 2003 1.000 1.123 28,086 Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (9/03)............................................. 2007 2.660 2.786 -- 2006 2.041 2.660 32,265 2005 1.623 2.041 37,960 2004 1.321 1.623 50,211 2003 1.000 1.321 8,699 Credit Suisse Trust Global Small Cap Subaccount (11/03)............................................ 2007 1.828 1.726 -- 2006 1.642 1.828 -- 2005 1.438 1.642 -- 2004 1.240 1.438 -- 2003 1.000 1.240 --
B-1 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (7/03)............................................. 2007 1.494 1.489 50,183 2006 1.411 1.494 57,078 2005 1.318 1.411 61,297 2004 1.173 1.318 89,205 2003 1.000 1.173 18,930 Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (12/03)........................... 2007 1.278 1.350 -- 2006 1.193 1.278 -- 2005 1.174 1.193 -- 2004 1.127 1.174 -- 2003 1.000 1.127 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.140 1.175 13,270 2006 1.007 1.140 29,257 2005 1.000 1.007 54,226 DWS VIT RREEF Real Estate Securites Subaccount (Class B) (7/03)................................... 2007 2.211 1.818 32,611 2006 1.640 2.211 106,715 2005 1.498 1.640 108,941 2004 1.165 1.498 160,129 2003 1.000 1.165 24,895 DWS Variable Series I DWSI Bond Subaccount (Class B) (1/70).............. 2007 1.022 1.043 -- 2006 0.996 1.022 -- 2005 1.000 0.996 -- DWSI Capital Growth Subaccount (Class B) (7/03).... 2007 1.340 1.477 122,954 2006 1.260 1.340 148,238 2005 1.181 1.260 106,453 2004 1.117 1.181 69,503 2003 1.000 1.117 43,222 DWSI Global Opportunities Subaccount (Class B) (7/03)............................................. 2007 2.113 2.263 67,048 2006 1.764 2.113 71,666 2005 1.519 1.764 84,628 2004 1.255 1.519 32,968 2003 1.000 1.255 --
B-2 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Growth & Income Subaccount (Class B) (8/03)... 2007 1.411 1.401 23,303 2006 1.267 1.411 33,808 2005 1.219 1.267 37,703 2004 1.129 1.219 41,930 2003 1.000 1.129 8,395 DWSI Health Care Subaccount (Class B) (7/03)....... 2007 1.334 1.480 40,104 2006 1.282 1.334 42,575 2005 1.207 1.282 44,953 2004 1.125 1.207 50,381 2003 1.000 1.125 979 DWSI International Subaccount (Class B) (7/03)..... 2007 1.902 2.137 52,204 2006 1.543 1.902 62,053 2005 1.356 1.543 59,640 2004 1.186 1.356 65,534 2003 1.000 1.186 9,693 DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (9/03).......................................... 2006 1.213 1.270 -- 2005 1.240 1.213 63,695 2004 1.131 1.240 74,749 2003 1.000 1.131 980 DWSII All Cap Growth Subaccount (Class B) (9/03)... 2006 1.436 1.584 -- 2005 1.290 1.436 1,989 2004 1.177 1.290 1,931 2003 1.000 1.177 1,830 DWSII Balanced Subaccount (Class B) (7/03)......... 2007 1.228 1.261 12,770 2006 1.137 1.228 32,419 2005 1.113 1.137 40,371 2004 1.065 1.113 44,382 2003 1.000 1.065 21,045 DWSII Blue Chip Subaccount (Class B) (7/03)........ 2007 1.606 1.628 86,554 2006 1.418 1.606 124,416 2005 1.315 1.418 146,995 2004 1.157 1.315 84,360 2003 1.000 1.157 43,123 DWSII Conservative Allocation Subaccount (Class B) (10/04)............................................ 2007 1.163 1.197 128,437 2006 1.087 1.163 160,594 2005 1.059 1.087 177,563 2004 1.021 1.059 53,007
B-3 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Core Fixed Income Subaccount (Class B) (7/03)............................................. 2007 1.036 1.057 246,461 2006 1.014 1.036 261,284 2005 1.013 1.014 309,909 2004 0.990 1.013 381,073 2003 1.000 0.990 201,066 DWSII Davis Venture Value Subaccount (Class B) (7/03)............................................. 2007 1.533 1.570 127,082 2006 1.364 1.533 193,847 2005 1.270 1.364 187,198 2004 1.160 1.270 115,984 2003 1.000 1.160 33,080 DWSII Dreman High Return Equity Subaccount (Class B) (7/03).......................................... 2007 1.598 1.536 377,951 2006 1.375 1.598 439,725 2005 1.301 1.375 409,130 2004 1.164 1.301 325,736 2003 1.000 1.164 154,871 DWSII Dreman Small Mid Cap Value Subaccount (Class B) (7/03).......................................... 2006 1.660 2.034 211,426 2005 1.538 1.660 219,940 2004 1.246 1.538 212,641 2003 1.000 1.246 75,127 DWSII Foreign Value Subaccount (Class B) (11/04)... 2006 1.133 1.361 -- 2005 1.054 1.133 3,252 2004 1.000 1.054 1,000 DWSII Global Thematic Subaccount (Class B) (8/03).. 2007 2.040 2.122 12,799 2006 1.600 2.040 20,333 2005 1.328 1.600 25,135 2004 1.182 1.328 18,735 2003 1.000 1.182 -- DWSII Government & Agency Securities Subaccount (Class B) (7/03)................................... 2007 1.039 1.077 138,668 2006 1.018 1.039 169,277 2005 1.013 1.018 176,925 2004 0.997 1.013 183,439 2003 1.000 0.997 127,781 DWSII Growth Allocation Subaccount (Class B) (10/04)............................................ 2007 1.265 1.313 12,440 2006 1.142 1.265 12,769 2005 1.096 1.142 13,024 2004 1.033 1.096 13,315
B-4 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII High Income Subaccount (Class B) (7/03)...... 2007 1.326 1.311 138,280 2006 1.225 1.326 365,213 2005 1.205 1.225 372,453 2004 1.093 1.205 636,604 2003 1.000 1.093 1,510,883 DWSII Income Allocation Subaccount (Class B) (10/04)............................................ 2006 1.061 1.080 -- 2005 1.042 1.061 13,816 2004 1.018 1.042 13,511 DWSII Index 500 Subaccount (Class B) (10/03)....... 2006 1.248 1.248 -- 2005 1.226 1.248 -- 2004 1.134 1.226 63,446 2003 1.000 1.134 20,870 DWSII International Select Equity Subaccount (Class B) (7/03).......................................... 2007 1.934 2.209 68,607 2006 1.573 1.934 91,050 2005 1.403 1.573 103,087 2004 1.211 1.403 97,924 2003 1.000 1.211 70,201 DWSII Janus Growth & Income Subaccount (Class B) (7/03)............................................. 2007 1.428 1.491 54,372 2006 1.345 1.428 54,276 2005 1.224 1.345 51,788 2004 1.121 1.224 34,614 2003 1.000 1.121 25,012 DWSII Janus Growth Opportunities Subaccount (Class B) (10/03)......................................... 2006 1.292 1.277 -- 2005 1.226 1.292 22,096 2004 1.112 1.226 -- 2003 1.000 1.112 -- DWSII Large Cap Core Subaccount (Class B) (11/04).. 2006 1.151 1.276 -- 2005 1.037 1.151 -- 2004 1.000 1.037 1,000 DWSII Large Cap Value Subaccount (Class B) (7/03).. 2007 1.417 1.570 47,114 2006 1.253 1.417 142,104 2005 1.255 1.253 152,247 2004 1.164 1.255 200,685 2003 1.000 1.164 26,676 DWSII MFS(R) Strategic Value Subaccount (Class B) (7/03)............................................. 2006 1.267 1.305 -- 2005 1.297 1.267 21,301 2004 1.124 1.297 21,665 2003 1.000 1.124 3,423
B-5 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Mid Cap Growth Subaccount (Class B) (7/03)... 2007 1.456 1.544 -- 2006 1.339 1.456 4,760 2005 1.188 1.339 4,613 2004 1.166 1.188 5,292 2003 1.000 1.166 5,251 DWSII Moderate Allocation Subaccount (Class B) (9/04)............................................. 2007 1.214 1.254 13,115 2006 1.113 1.214 13,198 2005 1.077 1.113 13,310 2004 1.020 1.077 13,392 DWSII Money Market Subaccount (Class B) (7/03)..... 2007 1.011 1.040 11,487,269 2006 0.987 1.011 11,538,803 2005 0.980 0.987 12,145,122 2004 0.992 0.980 11,905,182 2003 1.000 0.992 12,034,682 DWSII Oak Strategic Equity Subaccount (Class B) (7/03)............................................. 2006 1.113 1.137 -- 2005 1.185 1.113 86,474 2004 1.195 1.185 93,406 2003 1.000 1.195 7,067 DWSII Small Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.333 1.386 21,606 2006 1.293 1.333 27,060 2005 1.233 1.293 30,796 2004 1.134 1.233 26,687 2003 1.000 1.134 96,300 DWSII Strategic Income Subaccount (Class B) (7/03)............................................. 2007 1.125 1.162 20,145 2006 1.052 1.125 44,001 2005 1.050 1.052 68,395 2004 0.986 1.050 75,038 2003 1.000 0.986 13,436 DWSII Technology Subaccount (Class B) (7/03)....... 2007 1.218 1.363 95,116 2006 1.233 1.218 103,347 2005 1.215 1.233 102,153 2004 1.217 1.215 62,184 2003 1.000 1.217 73,874 DWSII Turner Mid Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.509 1.856 18,243 2006 1.445 1.509 92,984 2005 1.321 1.445 96,725 2004 1.214 1.321 89,683 2003 1.000 1.214 19,703
B-6 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.768 3.486 25,896 Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.071 1.096 53,560 2006 1.000 1.071 67,803
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (9/03)............... 2007 1.780 2.092 -- 2006 1.456 1.780 -- 2005 1.279 1.456 -- 2004 1.063 1.279 -- 2003 0.974 1.063 -- Alger American Fund Alger American Balanced Subaccount (Class S) (7/03)............................................. 2006 1.133 1.136 -- 2005 1.075 1.133 -- 2004 1.059 1.075 -- 2003 1.010 1.059 -- Alger American Leveraged AllCap Subaccount (Class S) (9/03).......................................... 2007 1.514 1.965 -- 2006 1.306 1.514 -- 2005 1.174 1.306 -- 2004 1.117 1.174 -- 2003 1.069 1.117 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (9/03)............................................. 2007 2.576 2.690 -- 2006 1.995 2.576 -- 2005 1.600 1.995 -- 2004 1.315 1.600 -- 2003 1.187 1.315 -- Credit Suisse Trust Global Small Cap Subaccount (11/03)............................................ 2007 1.770 1.657 -- 2006 1.605 1.770 -- 2005 1.418 1.605 -- 2004 1.234 1.418 -- 2003 1.157 1.234 --
B-7 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (7/03)............................................. 2007 1.447 1.429 -- 2006 1.379 1.447 -- 2005 1.299 1.379 -- 2004 1.167 1.299 -- 2003 1.045 1.167 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (12/03)........................... 2007 1.238 1.296 -- 2006 1.166 1.238 -- 2005 1.158 1.166 -- 2004 1.121 1.158 -- 2003 1.100 1.121 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.127 1.151 -- 2006 1.004 1.127 -- 2005 1.000 1.004 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (7/03)................................... 2007 2.141 1.745 -- 2006 1.602 2.141 -- 2005 1.477 1.602 -- 2004 1.160 1.477 -- 2003 1.013 1.160 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (1/70).............. 2007 1.009 1.020 -- 2006 0.992 1.009 -- 2005 1.000 0.992 -- DWSI Capital Growth Subaccount (Class B) (7/03).... 2007 1.298 1.418 -- 2006 1.231 1.298 -- 2005 1.164 1.231 -- 2004 1.111 1.164 -- 2003 1.014 1.111 -- DWSI Global Opportunities Subaccount (Class B) (7/03)............................................. 2007 2.047 2.172 -- 2006 1.723 2.047 -- 2005 1.498 1.723 -- 2004 1.249 1.498 -- 2003 1.023 1.249 --
B-8 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Growth & Income Subaccount (Class B) (8/03)... 2007 1.367 1.345 -- 2006 1.238 1.367 -- 2005 1.202 1.238 -- 2004 1.123 1.202 -- 2003 1.017 1.123 -- DWSI Health Care Subaccount (Class B) (7/03)....... 2007 1.292 1.420 -- 2006 1.253 1.292 -- 2005 1.190 1.253 -- 2004 1.119 1.190 -- 2003 1.016 1.119 -- DWSI International Subaccount (Class B) (7/03)..... 2007 1.843 2.051 -- 2006 1.507 1.843 -- 2005 1.337 1.507 -- 2004 1.180 1.337 -- 2003 0.988 1.180 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (9/03).......................................... 2006 1.186 1.234 -- 2005 1.223 1.186 -- 2004 1.125 1.223 -- 2003 1.025 1.125 -- DWSII All Cap Growth Subaccount (Class B) (9/03)... 2006 1.403 1.535 -- 2005 1.272 1.403 -- 2004 1.171 1.272 -- 2003 1.070 1.171 -- DWSII Balanced Subaccount (Class B) (7/03)......... 2007 1.189 1.210 -- 2006 1.111 1.189 -- 2005 1.098 1.111 -- 2004 1.059 1.098 -- 2003 0.997 1.059 -- DWSII Blue Chip Subaccount (Class B) (7/03)........ 2007 1.555 1.563 -- 2006 1.386 1.555 -- 2005 1.296 1.386 -- 2004 1.151 1.296 -- 2003 1.014 1.151 -- DWSII Conservative Allocation Subaccount (Class B) (10/04)............................................ 2007 1.138 1.161 -- 2006 1.074 1.138 -- 2005 1.056 1.074 -- 2004 1.019 1.056 --
B-9 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Core Fixed Income Subaccount (Class B) (7/03)............................................. 2007 1.003 1.014 -- 2006 0.991 1.003 -- 2005 0.999 0.991 -- 2004 0.985 0.999 -- 2003 0.993 0.985 -- DWSII Davis Venture Value Subaccount (Class B) (7/03)............................................. 2007 1.485 1.507 -- 2006 1.333 1.485 -- 2005 1.252 1.333 -- 2004 1.154 1.252 -- 2003 1.004 1.154 -- DWSII Dreman High Return Equity Subaccount (Class B) (7/03).......................................... 2007 1.548 1.475 -- 2006 1.344 1.548 -- 2005 1.282 1.344 -- 2004 1.158 1.282 -- 2003 1.031 1.158 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (7/03).......................................... 2006 1.622 1.970 -- 2005 1.517 1.622 -- 2004 1.240 1.517 -- 2003 1.038 1.240 -- DWSII Foreign Value Subaccount (Class B) (11/04)... 2006 1.122 1.336 -- 2005 1.053 1.122 -- 2004 1.000 1.053 -- DWSII Global Thematic Subaccount (Class B) (8/03).. 2007 1.975 2.037 -- 2006 1.564 1.975 -- 2005 1.310 1.564 -- 2004 1.176 1.310 -- 2003 1.030 1.176 -- DWSII Government & Agency Securities Subaccount (Class B) (7/03)................................... 2007 1.006 1.034 -- 2006 0.995 1.006 -- 2005 0.999 0.995 -- 2004 0.992 0.999 -- 2003 0.997 0.992 -- DWSII Growth Allocation Subaccount (Class B) (10/04)............................................ 2007 1.239 1.274 -- 2006 1.128 1.239 -- 2005 1.092 1.128 -- 2004 1.031 1.092 --
B-10 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII High Income Subaccount (Class B) (7/03)...... 2007 1.284 1.258 -- 2006 1.197 1.284 -- 2005 1.188 1.197 -- 2004 1.088 1.188 -- 2003 1.010 1.088 -- DWSII Income Allocation Subaccount (Class B) (10/04)............................................ 2006 1.048 1.060 -- 2005 1.039 1.048 -- 2004 1.016 1.039 -- DWSII Index 500 Subaccount (Class B) (10/03)....... 2006 1.223 1.223 -- 2005 1.209 1.223 -- 2004 1.128 1.209 -- 2003 1.059 1.128 -- DWSII International Select Equity Subaccount (Class B) (7/03).......................................... 2007 1.873 2.120 -- 2006 1.537 1.873 -- 2005 1.384 1.537 -- 2004 1.205 1.384 -- 2003 0.994 1.205 -- DWSII Janus Growth & Income Subaccount (Class B) (7/03)............................................. 2007 1.383 1.431 -- 2006 1.314 1.383 -- 2005 1.207 1.314 -- 2004 1.115 1.207 -- 2003 1.001 1.115 -- DWSII Janus Growth Opportunities Subaccount (Class B) (10/03)......................................... 2006 1.262 1.238 -- 2005 1.209 1.262 -- 2004 1.106 1.209 -- 2003 1.058 1.106 -- DWSII Large Cap Core Subaccount (Class B) (11/04).. 2006 1.140 1.253 -- 2005 1.036 1.140 -- 2004 1.000 1.036 -- DWSII Large Cap Value Subaccount (Class B) (7/03).. 2007 1.372 1.507 -- 2006 1.225 1.372 -- 2005 1.237 1.225 -- 2004 1.158 1.237 -- 2003 1.013 1.158 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (7/03)............................................. 2006 1.239 1.267 -- 2005 1.279 1.239 -- 2004 1.118 1.279 -- 2003 1.024 1.118 --
B-11 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Mid Cap Growth Subaccount (Class B) (7/03)... 2007 1.410 1.482 -- 2006 1.309 1.410 -- 2005 1.172 1.309 -- 2004 1.161 1.172 -- 2003 1.033 1.161 -- DWSII Moderate Allocation Subaccount (Class B) (9/04)............................................. 2007 1.188 1.216 -- 2006 1.099 1.188 -- 2005 1.074 1.099 -- 2004 1.019 1.074 -- DWSII Money Market Subaccount (Class B) (7/03)..... 2007 0.979 0.998 -- 2006 0.964 0.979 -- 2005 0.966 0.964 -- 2004 0.987 0.966 -- 2003 0.997 0.987 -- DWSII Oak Strategic Equity Subaccount (Class B) (7/03)............................................. 2006 1.088 1.102 -- 2005 1.169 1.088 -- 2004 1.189 1.169 -- 2003 1.008 1.189 -- DWSII Small Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.291 1.330 -- 2006 1.264 1.291 -- 2005 1.215 1.264 -- 2004 1.128 1.215 -- 2003 1.015 1.128 -- DWSII Strategic Income Subaccount (Class B) (7/03)............................................. 2007 1.090 1.115 -- 2006 1.028 1.090 -- 2005 1.035 1.028 -- 2004 0.981 1.035 -- 2003 0.984 0.981 -- DWSII Technology Subaccount (Class B) (7/03)....... 2007 1.179 1.308 -- 2006 1.205 1.179 -- 2005 1.198 1.205 -- 2004 1.211 1.198 -- 2003 1.007 1.211 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.461 1.781 -- 2006 1.412 1.461 -- 2005 1.303 1.412 -- 2004 1.208 1.303 -- 2003 1.026 1.208 --
B-12 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.673 3.346 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.064 1.079 -- 2006 1.000 1.064 --
The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 04/29/2005, Scudder Variable Series I-21st Century Growth Portfolio merged into Scudder Variable Series II-Scudder Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-Scudder Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Eagle Focused Large Cap Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Focused Vale and Growth Portfolio merged into Scudder Variable Series I-Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 09/19/2005, Scudder Variable Series II-SVS Index 500 Portfolio merged into Scudder Investments VIT Funds-Scudder VIT Equity Index 500 Fund and is no longer available as a funding option. Effective on or about 05/01/2006, The Alger American Fund-Alger American Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Dreman Financial Services VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Income Allocation VIP merged into DWS Variable Series II-DWS Conservative Allocation VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS MFS(R) Strategic Value VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Janus Growth Opportunities VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Legg Mason Aggressive Growth VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Mercury Large Cap Core VIP merged into DWS Variable Series I-DWS Growth & Income VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Oak Strategic Equity VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. B-13 Effective on or about 12/11/2006, DWS Variable Series II-DWS Templeton Foreign Value VIP merged into DWS Variable Series I-DWS International VIP and is no longer available as a funding option. Effective on or about 04/30/2007, Credit Suisse Trust-Credit Suisse Trust Emerging Markets Portfolio was replaced by Met Investors Series Trust-MFS(R) Emerging Markets Equity Portfolio and is no longer available as a funding option. B-14 APPENDIX C - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION REGARDING UNDERLYING FUNDS Certain Underlying Funds were subject to a merger, substitution or other change. The chart below identifies the former name and new name of each of these Underlying Funds, and where applicable, the former name and new name of the trust of which the Underlying Fund is a part. UNDERLYING FUND NAME CHANGES
FORMER NAME NEW NAME - --------------------------------------------- --------------------------------------------- ALGER VARIABLE INSURANCE FUNDS THE ALGER AMERICAN FUND Alger American Leveraged AllCap Alger American Capital Appreciation -- Class Portfolio -- Class S S
UNDERLYING FUND MERGERS/REORGANIZATIONS The following former Underlying Funds were merged with and into the new Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- MET INVESTORS SERIES TRUST METROPOLITAN SERIES FUND, INC. MFS(R) Value Portfolio -- Class E MFS(R) Value Portfolio -- Class E
UNDERLYING FUND SUBSTITUTIONS The following new Underlying Funds were substituted for the former Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- DREYFUS INVESTMENT PORTFOLIOS MET INVESTORS SERIES TRUST Mid Cap Stock Portfolio -- Service Shares Lazard Mid Cap Portfolio -- Class B DWS INVESTMENTS VIT FUNDS METROPOLITAN SERIES FUND, INC. DWS Equity 500 Index VIP -- Class B2 MetLife Stock Index Portfolio -- Class B DWS VARIABLE SERIES I METROPOLITAN SERIES FUND, INC. DWS Bond VIP -- Class B BlackRock Bond Income Portfolio -- Class B DWS VARIABLE SERIES I MET INVESTORS SERIES TRUST DWS Growth & Income VIP -- Class B Lord Abbett Growth and Income Portfolio -- Class B DWS VARIABLE SERIES I MET INVESTORS SERIES TRUST DWS International VIP -- Class B MFS(R) Research International Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Balanced VIP -- Class B BlackRock Diversified Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Blue Chip VIP -- Class B FI Value Leaders Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Core Fixed Income VIP -- Class B BlackRock Bond Income Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Davis Venture Value VIP -- Class B Davis Venture Value Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Dreman High Return Equity VIP -- Class BlackRock Large Cap Value Portfolio -- Class B B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS High Income VIP -- Class B BlackRock High Yield Portfolio -- Class B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS International Select Equity MFS(R) Research International VIP -- Class B Portfolio -- Class B
C-1
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Janus Growth & Income VIP -- Class B T. Rowe Price Large Cap Growth Portfolio -- Class B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST* DWS Large Cap Value VIP -- Class B MFS(R) Value Portfolio -- Class E* DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS Mid Cap Growth VIP -- Class B T. Rowe Price Mid Cap Growth Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Money Market VIP -- Class B BlackRock Money Market Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Small Cap Growth VIP -- Class B T. Rowe Price Small Cap Growth Portfolio -- Class B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS Strategic Income VIP -- Class B Pioneer Strategic Income Portfolio -- Class E DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS Turner Mid Cap Growth VIP -- Class B Turner Mid Cap Growth Portfolio -- Class B
* Note that this new underlying fund is subject to a merger as described above. C-2 APPENDIX D - -------------------------------------------------------------------------------- CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION The Statement of Additional Information contains more specific information and financial statements relating to the Separate Account and MetLife Insurance Company of Connecticut. A list of the contents of the Statement of Additional Information is set forth below: The Insurance Company Principal Underwriter Distribution and Principal Underwriting Agreement Valuation of Assets Federal Tax Considerations Independent Registered Public Accounting Firm Condensed Financial Information Financial Statements - -------------------------------------------------------------------------------- Copies of the Statement of Additional Information dated April 28, 2008 are available without charge. To request a copy, please clip this coupon on the line above, enter your name and address in the spaces provided below, and mail to MetLife Insurance Company of Connecticut, P.O. Box 10366, Des Moines, IA 50306- 0366. For the MetLife Insurance Company of Connecticut Statement of Additional Information please request MIC-Book-67-68-77-89. Name: ------------------------------------------------- Address: ---------------------------------------------- CHECK BOX: [ ] MIC-Book-67-68-77-89 D-1 SCUDDER ADVOCATE ADVISOR-ST1 VARIABLE ANNUITY PROSPECTUS: METLIFE INSURANCE COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 METLIFE LIFE AND ANNUITY COMPANY OF CONNECTICUT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 APRIL 28, 2008 This prospectus describes SCUDDER ADVOCATE ADVISOR-ST1 VARIABLE ANNUITY, a flexible premium deferred variable annuity contract (the "Contract") issued by MetLife Insurance Company of Connecticut. The Contract is available in connection with certain retirement plans that qualify for special federal income tax treatment ("Qualified Contracts") as well as those that do not qualify for such treatment ("Non-qualified Contracts"). We may issue it as an individual contract or as a group contract. When we issue a group contract, you will receive a certificate summarizing the Contract's provisions. For convenience, we refer to contracts and certificates as "Contracts." You can choose to have your premium ("Purchase Payments") accumulate on a variable basis in one or more of our funding options. Your Contract Value before the Maturity Date and the amount of monthly income afterwards will vary daily to reflect the investment experience of the Variable Funding Options you select. You bear the investment risk of investing in the Variable Funding Options. The Variable Funding Options available as of April 28, 2008 are: AIM VARIABLE INSURANCE FUNDS -- SERIES I Lord Abbett Growth and Income AIM V.I. Utilities Fund Portfolio -- Class B CREDIT SUISSE TRUST MFS(R) Emerging Markets Equity Global Small Cap Portfolio Portfolio -- Class A DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC. MFS(R) Research International -- Portfolio -- Class B SERVICE SHARES Pioneer Strategic Income Portfolio -- Class Dreyfus Socially Responsible Growth Fund, E Inc. T. Rowe Price Mid Cap Growth DWS VARIABLE SERIES I -- CLASS B Portfolio -- Class B DWS Capital Growth VIP Turner Mid Cap Growth Portfolio -- Class B DWS Global Opportunities VIP METROPOLITAN SERIES FUND, INC. DWS Health Care VIP BlackRock Bond Income Portfolio -- Class B DWS VARIABLE SERIES II -- CLASS B BlackRock Diversified Portfolio -- Class B DWS Conservative Allocation VIP BlackRock Large Cap Value DWS Dreman Small Mid Cap Value VIP Portfolio -- Class B DWS Global Thematic VIP BlackRock Money Market Portfolio -- Class B DWS Government & Agency Securities VIP Davis Venture Value Portfolio -- Class B DWS Growth Allocation VIP FI Value Leaders Portfolio -- Class B DWS Moderate Allocation VIP MetLife Stock Index Portfolio -- Class B DWS Technology VIP MFS(R) Total Return Portfolio -- Class B MET INVESTORS SERIES TRUST MFS(R) Value Portfolio -- Class E BlackRock High Yield Portfolio -- Class B T. Rowe Price Large Cap Growth Lazard Mid Cap Portfolio -- Class B Portfolio -- Class B T. Rowe Price Small Cap Growth Portfolio -- Class B THE ALGER AMERICAN FUND -- CLASS S Alger American Capital Appreciation
Certain Variable Funding Options have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds" for more information. THE CONTRACT IS NO LONGER OFFERED TO NEW PURCHASERS. This prospectus provides the information that you should know before investing in the Contract. Please keep this prospectus for future reference. You can receive additional information about your Contract by requesting a copy of the Statement of Additional Information ("SAI") dated April 28, 2008. We filed the SAI with the Securities and Exchange Commission ("SEC"), and it is incorporated by reference into this prospectus. To request a copy, write to us at P.O. Box 10366, Des Moines, IA 50306-0366, call 866-376-0389 or access the SEC's website (http://www.sec.gov). See Appendix D for the SAI's table of contents. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR THE ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. VARIABLE ANNUITY CONTRACTS ARE NOT DEPOSITS OF ANY BANK, AND ARE NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. TABLE OF CONTENTS
PAGE ---- GLOSSARY................................................................ 3 SUMMARY................................................................. 5 FEE TABLE............................................................... 8 CONDENSED FINANCIAL INFORMATION......................................... 11 THE ANNUITY CONTRACT.................................................... 11 Contract Owner Inquiries................................................ 12 Purchase Payments....................................................... 12 Accumulation Units...................................................... 13 The Variable Funding Options............................................ 13 CHARGES AND DEDUCTIONS.................................................. 17 General................................................................. 17 Transfer Charge......................................................... 18 Administrative Charges.................................................. 18 Mortality and Expense Risk Charge....................................... 18 Enhanced Stepped-Up Provision Charge.................................... 18 Guaranteed Minimum Withdrawal Benefit Charge............................ 18 Variable Funding Option Expenses........................................ 19 Premium Tax............................................................. 19 Changes in Taxes Based upon Premium or Value............................ 19 TRANSFERS............................................................... 19 Market Timing/Excessive Trading......................................... 19 Dollar Cost Averaging................................................... 21 ACCESS TO YOUR MONEY.................................................... 21 Systematic Withdrawals.................................................. 22 OWNERSHIP PROVISIONS.................................................... 22 Types of Ownership...................................................... 22 Contract Owner.......................................................... 22 Beneficiary............................................................. 23 Annuitant............................................................... 23 DEATH BENEFIT........................................................... 23 Spousal Contract Continuance (subject to availability--does not apply if a non-spouse is a joint owner)........................................ 28 Beneficiary Contract Continuance (not permitted for non-natural beneficiaries)........................................................ 28 Death Proceeds after the Maturity Date.................................. 29 LIVING BENEFITS......................................................... 29 Guaranteed Minimum Withdrawal Benefit ("GMWB" or "Guaranteed Income Solution")............................................................ 29 THE ANNUITY PERIOD...................................................... 34 Maturity Date........................................................... 34 Allocation of Annuity................................................... 35 Variable Annuity........................................................ 35 Fixed Annuity........................................................... 35 PAYMENTS OPTIONS........................................................ 36 Election of Options..................................................... 36 Annuity Options......................................................... 36 Variable Liquidity Benefit.............................................. 37 MISCELLANEOUS CONTRACT PROVISIONS....................................... 37 Right to Return......................................................... 37 Termination............................................................. 37 Required Reports........................................................ 37 Suspension of Payments.................................................. 37 THE SEPARATE ACCOUNTS................................................... 38 Performance Information................................................. 38 FEDERAL TAX CONSIDERATIONS.............................................. 39 General Taxation of Annuities........................................... 39 Types of Contracts: Qualified and Non-qualified......................... 40 Qualified Annuity Contracts............................................. 40 Taxation of Qualified Annuity Contracts................................. 40 Mandatory Distributions for Qualified Plans............................. 40 Individual Retirement Annuities......................................... 41 Roth IRAs............................................................... 42 TSAs (ERISA and Non-ERISA).............................................. 42 Non-qualified Annuity Contracts......................................... 44 Diversification Requirements for Variable Annuities..................... 45 Ownership of the Investments............................................ 45 Taxation of Death Benefit Proceeds...................................... 45 Other Tax Considerations................................................ 46 Treatment of Charges for Optional Benefits.............................. 46 Guaranteed Minimum Withdrawal Benefits.................................. 46 Puerto Rico Tax Considerations.......................................... 46 Non-Resident Aliens..................................................... 46 Tax Credits and Deductions.............................................. 47 OTHER INFORMATION....................................................... 47 The Insurance Company................................................... 47 Financial Statements.................................................... 47 Distribution of Variable Annuity Contracts.............................. 47 Conformity with State and Federal Laws.................................. 49 Voting Rights........................................................... 49 Restrictions on Financial Transactions.................................. 49 Legal Proceedings....................................................... 49 APPENDIX A: CONDENSED FINANCIAL INFORMATION FOR METLIFE INSURANCE COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002.................. A-1 APPENDIX B: CONDENSED FINANCIAL INFORMATION FOR METLIFE LIFE AND ANNUITY COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002.................. B-1 APPENDIX C: ADDITIONAL INFORMATION REGARDING UNDERLYING FUNDS........... C-1 APPENDIX D: CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION......... D-1
2 GLOSSARY ACCUMULATION UNIT -- an accounting unit of measure used to calculate the value of this Contract before Annuity Payments begin. ANNUITANT -- the person on whose life the Maturity Date and Annuity Payments depend. ANNUITY PAYMENTS -- a series of periodic payments (a) for life; (b) for life with a minimum number of payments; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. ANNUITY UNIT -- an accounting unit of measure used to calculate the amount of Annuity Payments. CASH SURRENDER VALUE -- the Contract Value less any premium tax not previously deducted. CODE -- the Internal Revenue Code of 1986, as amended, and all related laws and regulations that are in effect during the term of this Contract. CONTINGENT ANNUITANT -- the individual who becomes the Annuitant when the Annuitant who is not the owner dies prior to the Maturity Date. CONTRACT DATE -- the date on which the Contract is issued. CONTRACT OWNER (YOU) -- the person named in the Contract (on the specifications page) as the owner of the Contract. CONTRACT VALUE -- Purchase Payments, plus or minus any investment experience on the amounts allocated to the variable funds, adjusted by applicable charges and withdrawals. CONTRACT YEARS -- twelve month periods beginning with the Contract Date. DEATH REPORT DATE -- the day on which we have received 1) Due Proof of Death and 2) written payment instructions or election of spousal or beneficiary contract continuation. DUE PROOF OF DEATH -- (i) a copy of a certified death certificate; (ii) a copy of a certified decree of a court of competent jurisdiction as to the finding of death; (iii) a written statement by a medical doctor who attended the deceased; or (iv) any other proof satisfactory to us. HOME OFFICE -- the Home Office of MetLife Insurance Company of Connecticut or any other office that we may designate for the purpose of administering this Contract. For transfer, withdrawal, surrender, and (if applicable) loan requests, our Home Office address is: MetLife, P.O. Box 10366, Des Moines, IA 50306-0366 (for overnight delivery or courier service only: 4700 Westown Parkway, Suite 200, West Des Moines, IA 50266). For Purchase Payments and (if applicable) loan repayments, our Home Office address is: MetLife, P.O. Box 371857, Pittsburgh, PA 15250-7857. MATURITY DATE -- the date on which the Annuity Payments are to begin. PAYMENT OPTION -- an annuity option elected under your Contract. PURCHASE PAYMENT -- any premium paid by you to initiate or supplement this Contract. QUALIFIED CONTRACT -- a contract used in a retirement plan or program that is intended to qualify under Sections 401, 403, 408, 408A or 414(d) of the Code. SEPARATE ACCOUNT -- a segregated account registered with the Securities and Exchange Commission ("SEC"), the assets of which are invested solely in the Underlying Funds. The assets of the Separate Account are held exclusively for the benefit of Contract Owners. SUBACCOUNT -- that portion of the assets of a Separate Account that is allocated to a particular Underlying Fund. UNDERLYING FUND -- a portfolio of an open-end management investment company that is registered with the SEC in which the Subaccounts invest. VALUATION DATE -- a date on which a Subaccount is valued. VALUATION PERIOD -- the period between successive valuations. 3 VARIABLE FUNDING OPTION -- a Subaccount of the Separate Account that invests in an Underlying Fund. WE, US, OUR -- MetLife Insurance Company of Connecticut. WRITTEN REQUEST -- written information sent to us in a form and content satisfactory to us and received at our Home Office. YOU, YOUR -- "You" is the Contract Owner and a natural person, a trust established for the benefit of a natural person or a charitable remainder trust. 4 SUMMARY: SCUDDER ADVOCATE ADVISOR-ST1 VARIABLE ANNUITY THIS SUMMARY DETAILS SOME OF THE MORE IMPORTANT POINTS THAT YOU SHOULD KNOW AND CONSIDER BEFORE PURCHASING THE CONTRACT. PLEASE READ THE ENTIRE PROSPECTUS CAREFULLY. WHAT COMPANY WILL ISSUE MY CONTRACT? Your issuing company is MetLife Insurance Company of Connecticut ("the Company," "We" or "Us"). The Company sponsors the MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and the MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. Prior to December 7, 2007, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 was sponsored by MetLife Life and Annuity Company of Connecticut ("MLACC"). On that date, MLACC merged with and into the Company, and the Company became the sponsor of MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. THE CONTRACT IS NO LONGER AVAILABLE FOR SALE. It does continue to accept Purchase Payments from existing Contract Owners. CAN YOU GIVE ME A GENERAL DESCRIPTION OF THE CONTRACT? We designed the Contract for retirement savings or other long-term investment purposes. The Contract provides a death benefit as well as guaranteed payout options. You direct your payment(s) to one or more of the Variable Funding Options. The Variable Funding Options fluctuate with the investment performance of the Underlying Funds and are not guaranteed. You can also lose money in the Variable Funding Options. The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase and the payout phase (annuity period). During the accumulation phase generally, under a Qualified Contract, your pre-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal, presumably when you are in a lower tax bracket. During the accumulation phase, under a Non-qualified Contract, earnings on your after- tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. The payout phase occurs when you begin receiving payments from your Contract. The amount of money you accumulate in your Contract determines the amount of income (Annuity Payments) you receive during the payout phase. During the payout phase, you may choose one of a number of annuity options. You may receive income payments in the form of a variable annuity, a fixed annuity, or a combination of both. If you elect variable income payments, the dollar amount of your payments may increase or decrease. Once you choose one of the annuity options and begin to receive payments, it cannot be changed. WHO CAN PURCHASE THIS CONTRACT? The Contract is available for use in connection with (1) individual non-qualified purchases; (2) rollovers from Individual Retirement Annuities (IRAs); (3) rollovers from other qualified retirement plans and (4) beneficiary-directed transfers of death proceeds from another contract. Qualified Contracts include contracts qualifying under Section 401(a), 403(b), 408(b) or 408A of the Code. Purchase of this Contract through a tax qualified retirement plan ("Plan") does not provide any additional tax deferral benefits beyond those provided by the Plan. Accordingly, if you are purchasing this Contract through a Plan, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. The Contract is no longer available for sale. You may make additional payments of at least $500 at any time during the accumulation phase. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death proceeds. If your Contract was issued as a Qualified Contract under Section 403(b) of the Code in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted) as significant adverse tax consequences may result from such additional payments. (See "Federal Tax Considerations.") CAN I EXCHANGE MY CURRENT ANNUITY CONTRACT FOR THIS CONTRACT? The Code generally permits you to exchange one annuity contract for another in a "tax-free exchange." Therefore, you can transfer the proceeds from another annuity contract to purchase this Contract. Before making an exchange to acquire this Contract, you should carefully compare this Contract to your current contract. You may have to pay a surrender charge under your current contract 5 to exchange it for this Contract. The other fees and charges under this Contract may be higher or lower and the benefits may be different than those of your current contract. In addition, you may have to pay federal income or penalty taxes on the exchange if it does not qualify for tax-free treatment. You should not exchange another contract for this Contract unless you determine, after evaluating all the facts, the exchange is in your best interests. Remember that the person selling you the Contract generally will earn a commission on the sale. IS THERE A RIGHT TO RETURN PERIOD? If you cancel the Contract within ten days after you receive it, you will receive a full refund of your Contract Value plus any Contract charges and premium taxes you paid (but not fees and charges assessed by the Underlying Funds). Where state law requires a different right to return period, or the return of Purchase Payments, the Company will comply. You bear the investment risk on the Purchase Payment allocated to a Variable Funding Option during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. If you purchased your Contract as an Individual Retirement Annuity, and you return it within the first seven days after delivery, or longer if your state law permits, we will refund your full Purchase Payment. During the remainder of the right to return period, we will refund your Contract Value (including charges we assessed). We will determine your Contract Value at the close of business (generally, 4:00 p.m., Eastern Time) on the day we receive a Written Request for a refund. CAN YOU GIVE A GENERAL DESCRIPTION OF THE VARIABLE FUNDING OPTIONS AND HOW THEY OPERATE? The Variable Funding Options represent Subaccounts of the Separate Account. At your direction, the Separate Account, through its Subaccounts, uses your Purchase Payments to purchase shares of one or more of the Underlying Funds that holds securities consistent with its own investment policy. Depending on market conditions, you may make or lose money in any of these Variable Funding Options. You can transfer among the Variable Funding Options as frequently as you wish without any current tax implications. Currently there is no charge for transfers, nor a limit to the number of transfers allowed. We may, in the future, charge a fee for any transfer request, or limit the number of transfers allowed. At a minimum, we would always allow one transfer every six months. We reserve the right to restrict transfers that we determine will disadvantage other Contract Owners. WHAT EXPENSES WILL BE ASSESSED UNDER THE CONTRACT? The Contract has insurance features and investment features, and there are costs related to each. We deduct an administrative expense charge and a mortality and expense risk ("M&E") charge each business day from amounts you allocate to the Separate Account. We deduct the administrative expense charge at an annual rate of 0.15%. We deduct the M&E charge at an annual rate of 1.65% for the Standard Death Benefit, and 1.85% for the Enhanced Death Benefit. For Contracts with a value of less than $40,000, we also deduct an annual contract administrative charge of $30. Each Underlying Fund also charges for management costs and other expenses. If you select the Enhanced Stepped-Up Provision ("E.S.P."), an additional 0.20% annually will be deducted each business day from amounts in the Variable Funding Options. THIS PROVISION IS NOT AVAILABLE WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. If you elect a Guaranteed Minimum Withdrawal Benefit ("GMWB") rider, a charge will be deducted each business day from amounts in the Variable Funding Options. There are three GMWB rider options, and the current charge for each rider, on an annual basis, is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. HOW WILL MY PURCHASE PAYMENTS AND WITHDRAWALS BE TAXED? Generally, the payments you make to a Qualified Contract during the accumulation phase are made with before-tax dollars. Generally, you will be taxed on your Purchase Payments and on any earnings when you make a withdrawal or begin receiving Annuity Payments. Under a Non-qualified Contract, payments to the Contract are made with after-tax dollars, and earnings will generally accumulate tax-deferred. You will be taxed on these earnings when they are withdrawn from the Contract. If you are younger than 59 1/2 when you take money out, you may be charged a 10% federal penalty tax on the amount withdrawn. 6 For owners of Qualified Contracts, if you reach a certain age, you may be required by federal tax laws to begin receiving payments from your annuity or risk paying a penalty tax. In those cases, we can calculate and pay you the minimum required distribution amounts (see "Access to Your Money -- Systematic Withdrawals"). HOW MAY I ACCESS MY MONEY? You can take withdrawals any time during the accumulation phase. Income taxes and/or a penalty tax may apply to taxable amounts withdrawn. WHAT IS THE DEATH BENEFIT UNDER THE CONTRACT? The death benefit applies upon the first death of the Contract Owner, joint owner, or Annuitant. Assuming you are the Annuitant, the death benefit is as follows: If you die before the Contract is in the payout phase, the person you have chosen as your beneficiary will receive a death benefit. We calculate the death benefit value at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or the election of spousal or beneficiary contract continuance. Please refer to the Death Benefit section in the prospectus for more details. WHERE MAY I FIND OUT MORE ABOUT ACCUMULATION UNIT VALUES? The Condensed Financial Information in Appendix A or Appendix B to this prospectus provides more information about Accumulation Unit values. ARE THERE ANY ADDITIONAL FEATURES? This Contract has other features you may be interested in. These include: - DOLLAR COST AVERAGING. This is a program that allows you to invest a fixed amount of money in Variable Funding Options each month, theoretically giving you a lower average cost per unit over time than a single one-time purchase. Dollar Cost Averaging requires regular investments regardless of fluctuating price levels, and does not guarantee profits or prevent losses in a declining market. Potential investors should consider their financial ability to continue purchases through periods of low price levels. - SYSTEMATIC WITHDRAWAL OPTION. Before the Maturity Date, you can arrange to have money sent to you at set intervals throughout the year. Of course, any applicable income and penalty taxes will apply on amounts withdrawn. - AUTOMATIC REBALANCING. You may elect to have the Company periodically reallocate the values in your Contract to match the rebalancing allocation selected. - MANAGED DISTRIBUTION PROGRAM. This program allows us to automatically calculate and distribute to you, in November of the applicable tax year, an amount that will satisfy the Internal Revenue Service's minimum distribution requirements imposed on certain contracts once the owner reaches age 70 1/2 or retires. These minimum distributions occur during the accumulation phase. - ENHANCED STEPPED-UP PROVISION ("E.S.P."). For an additional charge, the total death benefit payable may be increased based on the earnings in your Contract. - SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY). If your spouse is named as an owner and/or beneficiary, and you die prior to the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. This feature applies to a spousal joint Contract Owner and/or beneficiary only. - BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES). If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the date of your death, that beneficiary may elect to continue his/her portion of the Contract and take required distributions over time, rather than have the death benefit paid to the beneficiary in a lump sum. - GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "GUARANTEED INCOME SOLUTION"). For an additional charge, we will guarantee the periodic return of your investment. Under this benefit, we will pay you a percentage of your investment every year until your investment has been returned in full, regardless of market performance. Depending on when you elect to begin receiving payments and which GMWB rider you select, the maximum amount of your investment that you receive each year is 5% or 10%. When you add Purchase Payments to your Contract, we include them as part of the guarantee. In the future, however, we may discontinue including additional Purchase Payments as part of the guarantee. The guarantee is subject to restrictions on withdrawals and other restrictions. 7 FEE TABLE - -------------------------------------------------------------------------------- The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer Contract Value between Variable Funding Options. Expenses shown do not include premium taxes, which may be applicable. CONTRACT OWNER TRANSACTION EXPENSES TRANSFER CHARGE......................................... $10(1) (assessed on transfers that exceed 12 per year)
The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including Underlying Fund fees and expenses. CONTRACT ADMINISTRATIVE CHARGES ANNUAL CONTRACT ADMINISTRATIVE CHARGE................... $30(2)
ANNUAL SEPARATE ACCOUNT CHARGES: (as a percentage of the average daily net assets of the Separate Account) We will assess a minimum mortality and expense risk charge ("M&E") of 1.65% and a maximum administrative expense charge of 0.15% on all contracts. In addition, for optional features there is a 0.20% charge for E.S.P., a 0.40% current charge (maximum of 1.00% upon reset) for GMWB I, a 0.50% current charge (maximum of 1.00% upon reset) for GMWB II, and a 0.25% charge for GMWB III. Below is a summary of all charges that may apply, depending on the death benefit and optional features you select:
STANDARD DEATH BENEFIT ENHANCED DEATH BENEFIT ---------------------- ---------------------- Mortality and Expense Risk Charge*..................... 1.65% 1.85% Administrative Expense Charge.......................... 0.15% 0.15% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH NO OPTIONAL FEATURES SELECTED.................................... 1.80% 2.00% Optional E.S.P. Charge................................. 0.20% 0.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. ONLY SELECTED............................................. 2.00% 2.20% Optional GMWB I Charge (maximum upon reset)............ 1.00%(3) 1.00%(3) Optional GMWB II Charge (maximum upon reset)........... 1.00%(3) 1.00%(3) Optional GMWB III Charge............................... 0.25% 0.25% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB I ONLY SELECTED............................................. 2.80% 3.00% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB II ONLY SELECTED............................................. 2.80% 3.00% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH GMWB III ONLY SELECTED........................................ 2.05% 2.25% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB I SELECTED...................................... 3.00% 3.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB II SELECTED..................................... 3.00% 3.20% TOTAL ANNUAL SEPARATE ACCOUNT CHARGES WITH E.S.P. AND GMWB III SELECTED.................................... 2.25% 2.45%
- --------- * We will waive the following amounts of the Mortality and Expense Risk Charge: the amount, if any, equal to the underlying fund expenses that are in excess of 0.63% for the Subaccount investing in the MetLife Stock Index Portfolio, the amount, if any, equal to the underlying fund expenses that are in excess of 1.34% for the Subaccount investing in the T. Rowe Price Mid Cap Growth Portfolio, the amount, if any, equal to the underlying fund expenses that are in excess of 1.08% for the Subaccount investing in the FI Value Leaders Portfolio, the 8 amount, if any, equal to the underlying fund expenses that are in excess of 1.24% for the Subaccount investing in the Pioneer Strategic Income Portfolio, the amount, if any, equal to the underlying fund expenses that are in excess of 1.10% for the Subaccount investing in the BlackRock High Yield Portfolio, and the amount, if any, equal to the underlying fund expenses that are in excess of 0.87% for the Subaccount investing in the Lord Abbett Growth and Income Portfolio. (1) We do not currently assess the transfer charge. (2) We do not assess this charge if Contract Value is $40,000 or more on the fourth Friday of each August. (3) The current charges for the available GMWB riders with a reset feature (see "Access to Your Money -- Guaranteed Minimum Withdrawal benefit") are 0.40% for GMWB I and 0.50% for GMWB II. UNDERLYING FUND EXPENSES AS OF DECEMBER 31, 2007 (UNLESS OTHERWISE INDICATED): The first table below shows the range (minimum and maximum) of the total annual operating expenses charged by all of the Underlying Funds, before any voluntary or contractual fee waivers and/or expense reimbursements. The second table shows each Underlying Fund's management fee, distribution and/or service (12b-1) fees if applicable, and other expenses. The Underlying Funds provided this information and we have not independently verified it. More detail concerning each Underlying Fund's fees and expenses is contained in the prospectus for each Underlying Fund. Current prospectuses for the Underlying Funds can be obtained by calling 866-376-0389. MINIMUM AND MAXIMUM TOTAL ANNUAL UNDERLYING FUND OPERATING EXPENSES
MINIMUM MAXIMUM ------- ------- TOTAL ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Underlying Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses) 0.54% 1.68%
UNDERLYING FUND FEES AND EXPENSES (as a percentage of average daily net assets)
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- AIM VARIABLE INSURANCE FUNDS -- SERIES I AIM V.I. Utilities Fund........ 0.60% -- 0.34% -- 0.94% 0.01% 0.93%(1) CREDIT SUISSE TRUST Global Small Cap Portfolio..... 1.25% -- 0.33% -- 1.58% -- 1.58% DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC. -- SERVICE SHARES Dreyfus Socially Responsible Growth Fund, Inc. .......... 0.75% 0.25% 0.07% -- 1.07% -- 1.07% DWS VARIABLE SERIES I -- CLASS B DWS Capital Growth VIP......... 0.37% 0.25% 0.13% -- 0.75% -- 0.75%(2) DWS Global Opportunities VIP... 0.89% 0.25% 0.21% -- 1.35% -- 1.35%(2) DWS Health Care VIP............ 0.67% 0.25% 0.23% -- 1.15% -- 1.15%(2) DWS VARIABLE SERIES II -- CLASS B DWS Conservative Allocation VIP......................... 0.07% 0.25% 0.37% 0.64% 1.33% -- 1.33%(3,4) DWS Dreman Small Mid Cap Value VIP......................... 0.64% 0.25% 0.28% -- 1.17% -- 1.17%(4) DWS Global Thematic VIP........ 0.92% 0.25% 0.50% 0.01% 1.68% 0.22% 1.46%(4,5) DWS Government & Agency Securities VIP.............. 0.45% 0.25% 0.34% -- 1.04% -- 1.04%(4) DWS Growth Allocation VIP...... 0.07% 0.25% 0.27% 0.73% 1.32% -- 1.32%(3,4) DWS Moderate Allocation VIP.... 0.07% 0.25% 0.27% 0.71% 1.30% -- 1.30%(3,4) DWS Technology VIP............. 0.65% 0.25% 0.37% -- 1.29% -- 1.29%(4) MET INVESTORS SERIES TRUST BlackRock High Yield Portfolio -- Class B........ 0.60% 0.25% 0.13% -- 0.98% -- 0.98%(6) Lazard Mid Cap Portfolio -- Class B........ 0.69% 0.25% 0.06% -- 1.00% -- 1.00% Lord Abbett Growth and Income Portfolio -- Class B........ 0.49% 0.25% 0.03% -- 0.77% -- 0.77%
9
DISTRIBUTION TOTAL CONTRACTUAL FEE NET TOTAL AND/OR ANNUAL WAIVER ANNUAL MANAGEMENT SERVICE OTHER ACQUIRED FUND FEES OPERATING AND/OR EXPENSE OPERATING UNDERLYING FUND FEE (12b-1) FEES EXPENSES AND EXPENSES* EXPENSES REIMBURSEMENT EXPENSES** - --------------- ---------- ------------ -------- ------------------ --------- --------------- --------------- MFS(R) Emerging Markets Equity Portfolio -- Class A........ 1.00% -- 0.25% -- 1.25% -- 1.25% MFS(R) Research International Portfolio -- Class B........ 0.70% 0.25% 0.09% -- 1.04% -- 1.04% Pioneer Strategic Income Portfolio -- Class E........ 0.60% 0.15% 0.09% -- 0.84% -- 0.84%(7) T. Rowe Price Mid Cap Growth Portfolio -- Class B........ 0.75% 0.25% 0.05% -- 1.05% -- 1.05% Turner Mid Cap Growth Portfolio -- Class B........ 0.77% 0.25% 0.06% -- 1.08% -- 1.08% METROPOLITAN SERIES FUND, INC. BlackRock Bond Income Portfolio -- Class B........ 0.38% 0.25% 0.06% -- 0.69% 0.01% 0.68%(8) BlackRock Diversified Portfolio -- Class B........ 0.44% 0.25% 0.06% -- 0.75% -- 0.75% BlackRock Large Cap Value Portfolio -- Class B........ 0.68% 0.25% 0.06% -- 0.99% -- 0.99% BlackRock Money Market Portfolio -- Class B........ 0.33% 0.25% 0.07% -- 0.65% 0.01% 0.64%(9) Davis Venture Value Portfolio -- Class B........ 0.69% 0.25% 0.04% -- 0.98% -- 0.98% FI Value Leaders Portfolio -- Class B........ 0.64% 0.25% 0.07% -- 0.96% -- 0.96% MetLife Stock Index Portfolio -- Class B........ 0.25% 0.25% 0.04% -- 0.54% 0.01% 0.53%(10) MFS(R) Total Return Portfolio -- Class B........ 0.53% 0.25% 0.05% -- 0.83% -- 0.83% MFS(R) Value Portfolio -- Class E........................... 0.72% 0.15% 0.05% -- 0.92% 0.07% 0.85%(11) T. Rowe Price Large Cap Growth Portfolio -- Class B........ 0.60% 0.25% 0.07% -- 0.92% -- 0.92% T. Rowe Price Small Cap Growth Portfolio -- Class B........ 0.51% 0.25% 0.08% -- 0.84% -- 0.84% THE ALGER AMERICAN FUND -- CLASS S Alger American Capital Appreciation................ 0.81% 0.25% 0.16% -- 1.22% 0.04% 1.18%(12)
- --------- * Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by a portfolio as a result of investing in shares of one or more underlying portfolios. ** Net Total Annual Operating Expenses do not reflect: (1) voluntary waivers of fees or expenses; (2) contractual waivers that are in effect for less than one year from the date of this Prospectus; or (3) expense reductions resulting from custodial fee credits or directed brokerage arrangements. (1) The Fund's advisor has contractually agreed to waive advisory fees and/or reimburse expenses to the extent necessary to limit total annual fund operating expenses (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary items; (v) expenses related to a merger or reorganization, as approved by the Fund's Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement) to 0.93% of average daily net assets. The expense limitation agreement is in effect through at least April 30, 2009. (2) Other Expenses are based on estimated amounts for the current fiscal year. Actual expenses may be different. (3) The Portfolio is a "fund of funds" that invests substantially all of its assets in other DWS portfolios. Because the Portfolio invests in other underlying portfolios, the Portfolio will bear its pro rata portion of the operating expenses of the underlying portfolios in which it invests, including the management fee. (4) Portfolio operating expenses have been restated on an annual basis to reflect approved fee changes taking effect on May 1, 2008 and include a 0.10% administrative service fee paid to the advisor. (5) Through April 30, 2009, the advisor has contractually agreed to waive all or a portion of its management fee and reimburse or pay certain operating expenses of the portfolio so that total annual operating expenses of the portfolio will not exceed 1.45%, excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest and indirect expenses of underlying DWS portfolios. (6) This is a new share class for this Portfolio. Operating expenses are estimated based on the expenses of the Class A shares of the Portfolio. (7) This is a new share class for this Portfolio. Operating expenses are estimated based on the expenses of the Class A shares of the Portfolio. The Management Fee has been restated to reflect an amended management fee agreement, as if the agreement had been in effect during the preceding fiscal year. (8) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.325% for the amounts over $1 billion but less than $2 billion. (9) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.345% for the first $500 million of the Portfolio's average daily net assets and 0.335% for the next $500 million. (10) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to 0.243%. 10 (11) MetLife Advisers, LLC has contractually agreed, for the period April 28, 2008 through April 30, 2009, to reduce the Management Fee for each Class of the Portfolio to the annual rate of 0.65% for the first $1.25 billion of the Portfolio's average daily net assets, 0.60% for the next $250 million and 0.50% for amounts over $1.5 billion. (12) Effective December 1, 2006 through November 30, 2011, the Manager has contractually agreed to waive .035% of its Advisory Fees. EXAMPLE This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Contract Owner transaction expenses, contract fees, separate account annual expenses, and Underlying Fund total annual operating expenses. This example does not represent past or future expenses. Your actual expenses may be more or less than those shown. This example assumes that you invest $10,000 in the Contract for the time periods indicated and that your investment has a 5% return each year. The example reflects the annual contract administrative charge, factoring in that the charge is waived for contracts over a certain value. Additionally, the example is based on the minimum and maximum Underlying Fund total annual operating expenses shown above, and does not reflect any Underlying Fund fee waivers and/or expense reimbursements. The example assumes you have elected all of the available optional benefits and that you have allocated all of your Contract Value to either the Underlying Fund with the maximum total annual operating expenses or the Underlying Fund with the minimum total annual operating expenses. The example assumes that the maximum charge of 1.00% for the Guaranteed Minimum Withdrawal Benefit (GMWB I or II) applies in all contract years. Your actual expenses will be less than those shown if you do not elect all of the optional benefits. EXAMPLE -- This example assumes that you have elected the most expensive death benefit option, the E.S.P. optional death benefit, and the GMWB I or GMWB II (assuming the maximum charge of 1.00% applies in all contract years).
IF CONTRACT IS SURRENDERED AT THE IF CONTRACT IS NOT SURRENDERED OR END OF PERIOD SHOWN ANNUITIZED AT END OF PERIOD SHOWN ---------------------------------------------- ---------------------------------------------- FUNDING OPTION 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Underlying Fund with Maximum Total Annual Operating Expenses......... $495 $1,483 $2,471 $4,938 $495 $1,483 $2,471 $4,983 Underlying Fund with Minimum Total Annual Operating Expenses......... $382 $1,154 $1,940 $3,966 $382 $1,154 $1,940 $3,966
CONDENSED FINANCIAL INFORMATION - -------------------------------------------------------------------------------- See Appendices A and B. THE ANNUITY CONTRACT - -------------------------------------------------------------------------------- Scudder Advocate Advisor-ST1 Variable Annuity is a contract between the Contract Owner ("you") and the Company. This is the prospectus -- it is not the Contract. The prospectus highlights many Contract provisions to focus your attention on the Contract's essential features. Your rights and obligations under the Contract will be determined by the language of the Contract itself. When you receive your Contract, we suggest you read it promptly and carefully. There may be differences in your Contract from the descriptions in this prospectus because of the requirements of the state where we issued your Contract. We will include any such differences in your Contract. The Company offers several different annuities that your investment professional may be authorized to offer to you. Each annuity offers different features and benefits that may be appropriate for you. In particular, the annuities differ based on variations in the standard and optional death benefit protection provided for your beneficiaries, the availability of optional living benefits, the ability to access your Contract Value if necessary and the charges that you will be subject to if you make a withdrawal or surrender the annuity. The separate account charges and other charges may be different between each annuity we offer. Optional death benefits and living benefits are subject to a separate charge for the additional protections they offer to you and your beneficiaries. Furthermore, annuities that offer greater 11 flexibility to access your Contract Value generally are subject to higher separate account charges than annuities that deduct charges if you make a withdrawal or surrender. We encourage you to evaluate the fees, expenses, benefits and features of this annuity against those of other investment products, including other annuity products offered by us and other insurance companies. Before purchasing this or any other investment product you should consider whether the product you purchase is consistent with your risk tolerance, investment objectives, investment time horizon, financial and tax situation, liquidity needs and how you intend to use the annuity. You make Purchase Payments to us and we credit them to your Contract. We promise to pay you an income, in the form of Annuity Payments, beginning on a future date that you choose, the Maturity Date. The Purchase Payments accumulate tax- deferred in the funding options of your choice. We offer multiple Variable Funding Options. The Contract Owner assumes the risk of gain or loss according to the performance of the Variable Funding Options. The Contract Value is the amount of Purchase Payments, plus or minus any investment experience on the amounts you allocate to the Separate Account. The Contract Value also reflects all withdrawals made and charges deducted. There is generally no guarantee that at the Maturity Date the Contract Value will equal or exceed the total Purchase Payments made under the Contract. The date the Contract and its benefits become effective is referred to as the Contract Date. Each 12-month period following the Contract Date is called a Contract Year. Certain changes and elections must be made in writing to the Company. Where the term "Written Request" is used, it means that you must send written information to our Home Office in a form and content satisfactory to us. The contract is not available to new purchasers. However, you may continue to make additional Purchase Payments or transfer Contract Value among the Variable Funding Options. Since optional death benefits carry higher charges, you should consider the ages of the owner and Annuitant when electing these benefits, as the additional value provided by the benefit may be significantly reduced or eliminated depending on the ages of the owner and Annuitant at the time of election. Purchase of this Contract through a tax qualified retirement plan or IRA does not provide any additional tax deferral benefits beyond those provided by the plan or the IRA. Accordingly, if you are purchasing this Contract through a plan or IRA, you should consider purchasing this Contract for its death benefit, annuity option benefits, and other non-tax-related benefits. You should consult with your tax adviser to determine if this Contract is appropriate for you. CONTRACT OWNER INQUIRIES Any questions you have about your Contract should be directed to our Home Office at 866-376-0389. PURCHASE PAYMENTS Your initial Purchase Payment is due and payable before the Contract becomes effective. The initial Purchase Payment must be at least $15,000. You may make additional payments of at least $500 at any time. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death benefit proceeds. Under certain circumstances, we may waive the minimum Purchase Payment requirement. Purchase Payments over $1,000,000 may be made only with our prior consent. Purchase Payments may be made at any time while the Annuitant is alive and before the date Annuity Payments begin. We accept Purchase Payments made by check or cashier's check. We do not accept cash, money orders or traveler's checks. We reserve the right to refuse Purchase Payments made via a personal check in excess of $100,000. Purchase Payments over $100,000 may be accepted in other forms, including but not limited to, EFT/wire transfers, certified checks, corporate checks, and checks written on financial institutions. The form in which we receive a Purchase Payment may determine how soon subsequent disbursement requests may be fulfilled. (See "Access To Your Money.") We will apply the initial Purchase Payment less any applicable premium tax within two business days after we receive it at our Home Office with a properly completed application or order request. If your request or other information accompanying the initial Purchase Payment is incomplete when received, we will hold the Purchase Payment for up to five business days. If we cannot obtain the necessary information within five business days, we 12 will return the Purchase Payment in full, unless you specifically consent for us to keep it until you provide the necessary information. We will credit any subsequent Purchase Payment to a Contract on the same business day we receive it, if it is received in good order by our Home Office by 4:00 p.m. Eastern time. A business day is any day that the New York Stock Exchange is open for regular trading (except when trading is restricted due to an emergency as defined by the Securities and Exchange Commission). IF YOU SEND YOUR PURCHASE PAYMENTS OR TRANSACTION REQUESTS TO AN ADDRESS OTHER THAN THE ONE WE HAVE DESIGNATED FOR RECEIPT OF SUCH PURCHASE PAYMENTS OR REQUESTS, WE MAY RETURN THE PURCHASE PAYMENT TO YOU, OR THERE MAY BE A DELAY IN APPLYING THE PURCHASE PAYMENT OR TRANSACTION TO YOUR CONTRACT. QUALIFIED CONTRACTS UNDER SECTION 403(B). If your Contract was issued as a Qualified Contract under Section 403(b) of the Code (also called a "tax sheltered annuity" or "TSA") in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments. Such additional payments may have significant adverse tax consequences. (See "Federal Tax Consequences.") ACCUMULATION UNITS The period between the Contract Date and the Maturity Date is the accumulation period. During the accumulation period, an Accumulation Unit is used to calculate the value of a Contract. Each Variable Funding Option has a corresponding Accumulation Unit value. The Accumulation Units are valued each business day and their values may increase or decrease from day to day. The daily change in value of an Accumulation Unit each day is based on the investment performance of the corresponding Underlying Fund, and the deduction of separate account charges shown in the Fee Table in this prospectus. The number of Accumulation Units we will credit to your Contract once we receive a Purchase Payment or transfer request (or, liquidate for a withdrawal request) is determined by dividing the amount directed to each Variable Funding Option (or, taken from each Variable Funding Option) by the value of its Accumulation Unit. Normally, we calculate the value of an Accumulation Unit for each Variable Funding Option as of the close of regular trading (generally 4:00 p.m. Eastern time) each day the New York Stock Exchange is open. After the value is calculated, we credit your Contract. During the annuity period (i.e., after the Maturity Date), you are credited with Annuity Units. THE VARIABLE FUNDING OPTIONS You choose the Variable Funding Options to which you allocate your Purchase Payments. From time to time we may make new Variable Funding Options available. These Variable Funding Options are Subaccounts of the Separate Account. The Subaccounts invest in the Underlying Funds. You are not investing directly in the Underlying Fund. Each Underlying Fund is a portfolio of an open-end management investment company that is registered with the SEC under the Investment Company Act of 1940. These Underlying Funds are not publicly traded and are only offered through variable annuity contracts, variable life insurance policies, and in some instances, certain retirement plans. They are not the same as the retail mutual funds offered outside of a variable annuity or variable life insurance product, although the investment practices and fund names may be similar and the portfolio managers may be identical. Accordingly, the performance of the retail mutual fund is likely to be different from that of the Underlying Fund. We select the Underlying Funds offered through this Contract based on a number of criteria, including asset class coverage, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor we consider during the selection process is whether the Underlying Fund's adviser or subadviser is one of our affiliates or whether the Underlying Fund, its adviser, its subadviser(s), or an affiliate will make payments to us or our affiliates. In this regard, the profit distributions we receive from our affiliated investment advisers are a component of the total revenue that we consider in configuring the features and investment choices available in the variable insurance products that we and our affiliated insurance companies issue. Since we and our affiliated insurance companies may benefit more from the allocation of assets to portfolios advised by our affiliates than those that are not, we may be more inclined to offer portfolios advised by our affiliates in the variable insurance products we issue. For additional information on these arrangements, see "Payments We Receive." We review the Underlying Funds periodically and may remove an Underlying Fund or limit its availability to new Purchase Payments and/or transfers of Contract Value if we determine that the Underlying Fund no longer meets one or more of the selection criteria, and/or if the Underlying Fund has 13 not attracted significant allocations from Contract Owners. In some cases, we have included Underlying Funds based on recommendations made by broker-dealer firms. These broker-dealer firms may receive payments from the Underlying Funds they recommend and may benefit accordingly from the allocation of Contract Value to such Underlying Funds. When the Company develops a variable product in cooperation with a fund family or distributor (e.g. a "private label" product) the Company will generally include Underlying Funds based on recommendations made by the fund family or distributor, whose selection criteria may differ from the Company's selection criteria. WE DO NOT PROVIDE ANY INVESTMENT ADVICE AND DO NOT RECOMMEND OR ENDORSE ANY PARTICULAR UNDERLYING FUND. YOU BEAR THE RISK OF ANY DECLINE IN YOUR CONTRACT VALUE RESULTING FROM THE PERFORMANCE OF THE UNDERLYING FUNDS YOU HAVE CHOSEN. If investment in the Underlying Funds or a particular Underlying Fund is no longer possible, in our judgment becomes inappropriate for purposes of the Contract, or for any other reason in our sole discretion, we may substitute another Underlying Fund or Underlying Funds without your consent. The substituted Underlying Fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future Purchase Payments, or both. However, we will not make such substitution without any necessary approval of the Securities and Exchange Commission and applicable state insurance departments. Furthermore, we may close Underlying Funds to allocations of Purchase Payments or Contract Value, or both, at any time in our sole discretion. In certain circumstances, our ability to remove or replace an Underlying Fund may be limited by the terms of an agreement with DWS Investments ("DWS") relating to the offering under the Contract of certain Underlying Funds advised by DWS affiliates. That agreement, which was terminated on December 30, 2005, provided that we would not remove or replace as Variable Funding Options, for three years following the agreement's termination (i.e., through December 30, 2008), any of the portfolios of DWS Investments VIT Funds, DWS Variable Series I or DWS Variable Series II without the prior consent of DWS. PAYMENTS WE RECEIVE. As described above, an investment adviser (other than our affiliates MetLife Advisers, LLC, and Met Investors Advisory LLC) or subadviser of an Underlying Fund, or its affiliates, may make payments to the Company and/or certain of its affiliates. These payments may be used for a variety of purposes, including payment of expenses for certain administrative, marketing and support services with respect to the Contracts, and, in the Company's role as an intermediary, with respect to the Underlying Funds. The Company and its affiliates may profit from these payments. These payments may be derived, in whole or in part, from the advisory fee deducted from Underlying Fund assets. Contract Owners, through their indirect investment in the Underlying Funds, bear the costs of these advisory fees (see the Underlying Funds' prospectuses for more information). The amount of the payments we receive is based on a percentage of assets of the Underlying Funds attributable to the Contracts and certain other variable insurance products that the Company and its affiliates issue. These percentages differ and some advisers or subadvisers (or other affiliates) may pay the Company more than others. These percentages currently range up to 0.50%. Additionally, an investment adviser or subadviser of an Underlying Fund or its affiliates may provide the Company with wholesaling services that assist in the distribution of the Contracts and may pay the Company and/or certain of its affiliates amounts to participate in sales meetings. These amounts may be significant and may provide the adviser or subadviser (or their affiliate) with increased access to persons involved in the distribution of the Contracts. The Company and/or certain of its affiliated insurance companies have joint ownership interests in its affiliated investment advisers MetLife Advisers, LLC and Met Investors Advisory LLC, which are formed as "limited liability companies." The Company's ownership interests in MetLife Advisers, LLC and Met Investors Advisory LLC entitle us to profit distributions if the adviser makes a profit with respect to the advisory fees it receives from the Underlying Fund. The Company will benefit accordingly from assets allocated to the Underlying Funds to the extent they result in profits to the advisers. (See "Fee Table -- Underlying Fund Fees and Expenses" for information on the management fees paid by the Underlying Funds and the Statement of Additional Information for the Underlying Funds for information on the management fees paid by the advisers to the subadvisers.) Certain Underlying Funds have adopted a Distribution Plan under Rule 12b-1 of the Investment Company Act of 1940. An Underlying Fund's 12b-1 Plan, if any, is described in more detail in the Underlying Fund's prospectus. (See "Fee Table -- Underlying Fund Fees and Expenses" and "Other Information -- Distribution of Variable Annuity Contracts.") Any payments we receive pursuant to those 12b-1 Plans are paid to us or our distributor, MetLife Investors Distribution Company. Payments under an Underlying Fund's 12b-1 Plan decrease the Underlying Fund's investment return. 14 Each Underlying Fund has different investment objectives and risks. The Underlying Fund prospectuses contain more detailed information on each Underlying Fund's investment strategy, investment advisers and its fees. You may obtain an Underlying Fund prospectus by calling 866-376-0389 or through your registered representative. We do not guarantee the investment results of the Underlying Funds. The current Underlying Funds are listed below, along with their investment advisers and any subadviser:
FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- AIM VARIABLE INSURANCE FUNDS -- SERIES I AIM V.I. Utilities Fund The fund's investment objectives Invesco Aim Advisors, Inc. are capital growth and income. Subadvisers: Invesco Trimark The fund seeks to meet its Investment Management Inc.; objective by investing, normally, Invesco Global Asset Management at least 80% of its net assets, (N.A.), Inc.; Invesco plus the amount of borrowings for Institutional (N.A.), Inc.; investment purposes, in the Invesco Senior Secured equity securities of issuers Management, Inc.; Invesco Hong engaged primarily in utilities- Kong Limited; Invesco Asset related industries. Management Limited; Invesco Asset Management (Japan) Limited; Invesco Asset Management Deutschland, GmbH; and Invesco Australia Limited CREDIT SUISSE TRUST Global Small Cap Portfolio Seeks long-term growth of Credit Suisse Asset Management, capital. LLC DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC. -- SERVICE SHARES Dreyfus Socially Responsible The fund seeks to provide capital The Dreyfus Corporation Growth Fund, Inc. growth, with current income as a Subadviser: Mellon Capital secondary goal. Management LLC DWS VARIABLE SERIES I -- CLASS B DWS Capital Growth VIP Seeks to provide long-term growth Deutsche Investment Management of capital. Americas Inc. DWS Global Opportunities VIP Seeks above-average capital Deutsche Investment Management appreciation over the long-term. Americas Inc. DWS Health Care VIP Seeks long-term growth of Deutsche Investment Management capital. Americas Inc. DWS VARIABLE SERIES II -- CLASS B DWS Conservative Allocation VIP Seeks a balance of current income Deutsche Investment Management and long-term growth of capital Americas Inc. with an emphasis on current income. DWS Dreman Small Mid Cap Value Seeks long-term capital Deutsche Investment Management VIP appreciation. Americas Inc. Subadviser: Dreman Value Management, L.L.C. DWS Global Thematic VIP Seeks long-term capital growth. Deutsche Investment Management Americas Inc. DWS Government & Agency Seeks high current income Deutsche Investment Management Securities VIP consistent with preservation of Americas Inc. capital. DWS Growth Allocation VIP Seeks long-term growth of Deutsche Investment Management capital. Americas Inc. DWS Moderate Allocation VIP Seeks a balance of long-term Deutsche Investment Management growth of capital and current Americas Inc. income with an emphasis on growth of capital.
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- DWS Technology VIP Seeks growth of capital. Deutsche Investment Management Americas Inc. MET INVESTORS SERIES TRUST BlackRock High Yield Seeks to maximize total return, Met Investors Advisory, LLC Portfolio -- Class B consistent with income generation Subadviser: BlackRock Financial and prudent investment Management, Inc. management. Lazard Mid Cap Portfolio -- Class Seeks long-term growth of Met Investors Advisory, LLC B capital. Subadviser: Lazard Asset Management LLC Lord Abbett Growth and Income Seeks long-term growth of capital Met Investors Advisory, LLC Portfolio -- Class B and income without excessive Subadviser: Lord, Abbett & Co. fluctuation in market value. LLC MFS(R) Emerging Markets Equity Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class A Subadviser: Massachusetts Financial Services Company MFS(R) Research International Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B Subadviser: Massachusetts Financial Services Company Pioneer Strategic Income Seeks a high level of current Met Investors Advisory, LLC Portfolio -- Class E income. Subadviser: Pioneer Investment Management, Inc. T. Rowe Price Mid Cap Growth Seeks long-term growth of Met Investors Advisory, LLC Portfolio -- Class B capital. Subadviser: T. Rowe Price Associates, Inc. Turner Mid Cap Growth Seeks capital appreciation. Met Investors Advisory, LLC Portfolio -- Class B Subadviser: Tuner Investment Partners, Inc. METROPOLITAN SERIES FUND, INC. BlackRock Bond Income Seeks a competitive total return MetLife Advisers, LLC Portfolio -- Class B primarily from investing in Subadviser: BlackRock Advisors, fixed-income securities. LLC BlackRock Diversified Seeks high total return while MetLife Advisers, LLC Portfolio -- Class B attempting to limit investment Subadviser: BlackRock Advisors, risk and preserve capital. LLC BlackRock Large Cap Value Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class B capital. Subadviser: BlackRock Advisors, LLC BlackRock Money Market Seeks a high level of current MetLife Advisers, LLC Portfolio -- Class B income consistent with Subadviser: BlackRock Advisors, preservation of capital. LLC Davis Venture Value Seeks growth of capital. MetLife Advisers, LLC Portfolio -- Class B Subadviser: Davis Selected Advisers, L.P. FI Value Leaders Seeks long-term growth of MetLife Advisers, LLC Portfolio -- Class B capital. Subadviser: Pyramis Global Advisors, LLC MetLife Stock Index Seeks to equal the performance of MetLife Advisers, LLC Portfolio -- Class B the Standard & Poor's 500(R) Subadviser: MetLife Investment Composite Stock Price Index. Advisors Company, LLC MFS(R) Total Return Seeks a favorable total return MetLife Advisers, LLC Portfolio -- Class B through investment in a Subadviser: Massachusetts diversified portfolio. Financial Services Company
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FUNDING INVESTMENT INVESTMENT OPTION OBJECTIVE ADVISER/SUBADVISER - --------------------------------- --------------------------------- --------------------------------- MFS(R) Value Portfolio -- Class E Seeks capital appreciation and MetLife Advisers, LLC reasonable income. Subadviser: Massachusetts Financial Services Company T. Rowe Price Large Cap Growth Seeks long-term growth of capital MetLife Advisers, LLC Portfolio -- Class B and, secondarily, dividend Subadviser: T. Rowe Price income. Associates, Inc. T. Rowe Price Small Cap Growth Seeks long-term capital growth. MetLife Advisers, LLC Portfolio -- Class B Subadviser: T. Rowe Price Associates, Inc. THE ALGER AMERICAN FUND -- CLASS S Alger American Capital Seeks long-term capital Fred Alger Management, Inc. Appreciation appreciation.
Certain Variable Funding Options may have been subject to a merger, substitution or other change. Please see "Appendix C -- Additional Information Regarding Underlying Funds." CHARGES AND DEDUCTIONS - -------------------------------------------------------------------------------- GENERAL We deduct the charges described below. The charges are for the services and benefits we provide, costs and expenses we incur, and risks we assume under the Contracts. Services and benefits we provide include: - the ability for you to make withdrawals and surrenders under the Contracts - the death benefit paid on the death of the Contract Owner, Annuitant, or first of the joint owners - the available funding options and related programs (including dollar cost averaging, portfolio rebalancing, and systematic withdrawal programs) - administration of the annuity options available under the Contracts - the distribution of various reports to Contract Owners Costs and expenses we incur include: - losses associated with various overhead and other expenses associated with providing the services and benefits provided by the Contracts - sales and marketing expenses including commission payments to your registered representative - other costs of doing business Risks we assume include: - that Annuitants may live longer than estimated when the annuity factors under the Contracts were established - that the amount of the death benefit will be greater than the Contract Value - that the costs of providing the services and benefits under the Contracts will exceed the charges deducted We may also deduct a charge for taxes. Unless otherwise specified, charges are deducted proportionately from all funding options in which you are invested. 17 The amount of a charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designated charge. We may also profit on one or more of the charges. We may use any such profits for any corporate purpose, including the payment of sales expenses. TRANSFER CHARGE We reserve the right to assess a transfer charge of up to $10.00 on transfers exceeding 12 per year. We will notify you in writing at your last known address at least 31 days before we impose any such transfer charge. ADMINISTRATIVE CHARGES There are two administrative charges: the $30 annual Contract administrative charge and the administrative expense charge. The annual Contract administrative charge will be deducted on a pro-rata basis from amounts allocated to the Variable Funding Options. We will deduct this charge on the fourth Friday of each August. This charge compensates us for expenses incurred in establishing and maintaining the Contract and we will prorate this charge (i.e. calculate) from the date of purchase. We will prorate this charge if you surrender your Contract, or if we terminate your Contract. We will not deduct a Contract administrative charge: (1) from the distribution of death proceeds; (2) after an annuity payout has begun; or (3) if the Contract Value on the date of assessment equals or is greater than $40,000. We deduct the administrative expense charge (sometimes called "Subaccount administrative charge") on each business day from amounts allocated to the Variable Funding Options to compensate the Company for certain related administrative and operating expenses. The charge equals, on an annual basis, 0.15% of the daily net asset value allocated to each of the Variable Funding Options, and is reflected in our Accumulation and Annuity Unit value calculations. MORTALITY AND EXPENSE RISK CHARGE Each business day, we deduct a mortality and expense risk ("M&E") charge from amounts held in the Variable Funding Options. We reflect the deduction in our calculation of Accumulation and Annuity Unit values. The charges stated are the maximum for this product. We reserve the right to lower this charge at any time. If you choose the Standard Death Benefit, the M&E charge is 1.65% annually. If you choose the Enhanced Death Benefit, the M&E charge is 1.85% annually. This charge compensates the Company for risks assumed, benefits provided and expenses incurred, including the payment of commissions to your registered representative. ENHANCED STEPPED-UP PROVISION CHARGE If the E.S.P. option is selected, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge equals, on an annual basis, 0.20% of the amounts held in each funding option. The E.S.P. option is available if the owner and Annuitant are both age 75 or younger on the Contract Date. GUARANTEED MINIMUM WITHDRAWAL BENEFIT CHARGE If you elect to add a GMWB rider to your Contract, a charge is deducted each business day from amounts held in the Variable Funding Options. The charge depends on which GWMB rider you select. The current charge for each rider is as follows: GMWB I: 0.40%; GMWB II: 0.50%; and GMWB III: 0.25%. Your current charge will not change unless you are able to reset your benefits, at which time we may modify the charge, which will never exceed 1.00%. These GMWB riders may be elected only at the time of your initial purchase of the Contract. 18 VARIABLE FUNDING OPTION EXPENSES We summarized the charges and expenses of the Underlying Funds in the fee table. Please review the prospectus for each Underlying Fund for a more complete description of that fund and its expenses. Underlying Fund expenses are not fixed or guaranteed and are subject to change by the Fund. PREMIUM TAX Certain state and local governments charge premium taxes ranging from 0% to 3.5%, depending upon jurisdiction. We are responsible for paying these taxes and will determine the method used to recover premium tax expenses incurred. We will deduct any applicable premium taxes from your Contract Value either upon death, surrender, annuitization, or at the time you make Purchase Payments to the Contract, but no earlier than when we have a tax liability under state law. CHANGES IN TAXES BASED UPON PREMIUM OR VALUE If there is any change in a law assessing taxes against the Company based upon premiums, contract gains or value of the Contract, we reserve the right to charge you proportionately for this tax. TRANSFERS - -------------------------------------------------------------------------------- Subject to the limitations described below, you may transfer all or part of your Contract Value between Variable Funding Options at any time up to 30 days before the Maturity Date. After the Maturity Date, you may make transfers only if allowed by your Contract or with our consent. Transfer requests received at our Home Office that are in good order before the close of the New York Stock Exchange (NYSE) will be processed according to the value(s) next computed following the close of business. Transfer requests received on a non-business day or after the close of the NYSE will be processed based on the value(s) next computed on the next business day. Where permitted by state law, we reserve the right to restrict transfers from the Variable Funding Options to the Fixed Account whenever the credited interest rate on the Fixed Account is equal to the minimum guaranteed interest rate specified under the Contract. Currently, there are no charges for transfers; however, we reserve the right to charge a fee for any transfer request which exceeds twelve per year. Since each Underlying Fund may have different overall expenses, a transfer of Contract Values from one Variable Funding Option to another could result in your investment becoming subject to higher or lower expenses. Also, when making transfers, you should consider the inherent risks associated with the Variable Funding Options to which your Contract Value is allocated. MARKET TIMING/EXCESSIVE TRADING Frequent requests from Contract Owners to transfer Contract Value may dilute the value of an Underlying Fund's shares if the frequent trading involves an attempt to take advantage of pricing inefficiencies created by a lag between a change in the value of the securities held by the Underlying Fund and the reflection of that change in the Underlying Fund's share price ("arbitrage trading"). Regardless of the existence of pricing inefficiencies, frequent transfers may also increase brokerage and administrative costs of the Underlying Funds and may disrupt Underlying Fund management strategy, requiring an Underlying Fund to maintain a high cash position and possibly resulting in lost investment opportunities and forced liquidations ("disruptive trading"). Accordingly, arbitrage trading and disruptive trading activities (referred to collectively as "market timing") may adversely affect the long-term performance of the Underlying Funds, which may in turn adversely affect Contract Owners and other persons who may have an interest in the Contracts (e.g., annuitants and beneficiaries). We have policies and procedures that attempt to detect and deter frequent transfers in situations where we determine there is a potential for arbitrage trading. Currently, we believe that such situations may be presented in the international, small-cap, and high-yield Underlying Funds, i.e., Credit Suisse Global Small Cap Portfolio, DWS Global Opportunities VIP, DWS Dreman Small Mid Cap Value VIP, BlackRock High Yield Portfolio, MFS(R) Emerging Markets Equity Portfolio, MFS(R) Research International Portfolio, Pioneer Strategic Income Portfolio, and T. Rowe 19 Price Small Cap Growth Portfolio (the "Monitored Portfolios"), and we monitor transfer activity in those Monitored Portfolios. We employ various means to monitor transfer activity, such as examining the frequency and size of transfers into and out of the Monitored Portfolios within given periods of time. For example, we currently monitor transfer activity to determine if, for each of the Monitored Portfolios, in a three-month period there were two or more "round- trips" of a certain dollar amount or greater. A round-trip is defined as a transfer in followed by a transfer out within the next 10 calendar days, or a transfer out followed by a transfer in within the next 10 calendar days. In the case of a Contract that has been restricted previously, a single round-trip of a certain dollar amount or greater will trigger the transfer restrictions described below. We do not believe that other Underlying Funds present a significant opportunity to engage in arbitrage trading and therefore do not monitor transfer activity in those Underlying Funds. We may change the Monitored Portfolios at any time without notice in our sole discretion. In addition to monitoring transfer activity in certain Underlying Funds, we rely on the Underlying Funds to bring any potential disruptive trading activity they identify to our attention for investigation on a case-by-case basis. We will also investigate other harmful transfer activity that we identify from time to time. We may revise these policies and procedures in our sole discretion at any time without prior notice. Our policies and procedures may result in transfer restrictions being applied to deter market timing. Currently, when we detect transfer activity in the Monitored Portfolios that exceeds our current transfer limits, or other transfer activity that we believe may be harmful to other Owners or other persons who have an interest in the Contracts, we will exercise our contractual right to restrict your number of transfers to one every six months. In addition, we also reserve the right, but do not have the obligation, to further restrict the right to request transfers by any market timing firm or any other third party who has been authorized to initiate transfers on behalf of multiple Contract Owners. We may, among other things: - reject the transfer instructions of any agent acting under a power of attorney on behalf of more than one Owner, or - reject the transfer or exchange instructions of individual Owners who have executed pre-authorized transfer forms which are submitted by market timing firms or other third parties on behalf of more than one Owner. Transfers made under a Dollar Cost Averaging Program, a rebalancing program or, if applicable, any asset allocation program described in this prospectus are not treated as transfers when we evaluate trading patterns for market timing. The detection and deterrence of harmful transfer activity involves judgments that are inherently subjective, such as the decision to monitor only those Underlying Funds that we believe are susceptible to arbitrage trading or the determination of the transfer limits. Our ability to detect and/or restrict such transfer activity may be limited by operational and technological systems, as well as our ability to predict strategies employed by Owners to avoid such detection. Our ability to restrict such transfer activity also may be limited by provisions of the Contract. Accordingly, there is no assurance that we will prevent all transfer activity that may adversely affect Owners and other persons with interests in the Contracts. We do not accommodate market timing in any Underlying Fund and there are no arrangements in place to permit any Contract Owner to engage in market timing; we apply our policies and procedures without exception, waiver, or special arrangement. The Underlying Funds may have adopted their own policies and procedures with respect to frequent purchases and redemptions of their respective shares and we reserve the right to enforce these policies and procedures. For example, Underlying Funds may assess a redemption fee (which we reserve the right to collect) on shares held for a relatively short period. The prospectuses for the Underlying Funds describe any such policies and procedures, which may be more or less restrictive than the policies and procedures we have adopted. Although we may not have the contractual authority or the operational capacity to apply the frequent trading policies and procedures of the Underlying Funds, we have entered into a written agreement, as required by SEC regulation, with each Underlying Fund or its principal underwriter that obligates us to provide to the Underlying Fund promptly upon request certain information about the trading activity of individual Contract Owners, and to execute instructions from the Underlying Fund to restrict or prohibit further purchases or transfers by specific Contract Owners who violate the frequent trading policies established by the Underlying Fund. In addition, Contract Owners and other persons with interests in the contracts should be aware that the purchase and redemption orders received by the Underlying Funds generally are "omnibus" orders from intermediaries, such as separate accounts funding variable insurance contracts or retirement plans. The omnibus orders reflect the 20 aggregation and netting of multiple orders from individual owners of variable insurance contracts and/or individual retirement plan participants. The omnibus nature of these orders may limit the Underlying Funds in their ability to apply their frequent trading policies and procedures. In addition, the other insurance companies and/or retirement plans may have different policies and procedures or may not have any such policies and procedures because of contractual limitations. For these reasons, we cannot guarantee that the Underlying Funds (and thus Contract Owners) will not be harmed by transfer activity relating to other insurance companies and/or retirement plans that may invest in the Underlying Funds. If an Underlying Fund believes that an omnibus order reflects one or more transfer requests from Contract Owners engaged in disruptive trading activity, the Underlying Fund may reject the entire omnibus order. In accordance with applicable law, we reserve the right to modify or terminate the transfer privilege at any time. We also reserve the right to defer or restrict the transfer privilege at any time that we are unable to purchase or redeem shares of any of the Underlying Funds, including any refusal or restriction on purchases or redemptions of their shares as a result of their own policies and procedures on market timing activities (even if an entire omnibus order is rejected due to the market timing activity of a single Contract Owner). You should read the Underlying Fund prospectuses for more details. DOLLAR COST AVERAGING Dollar cost averaging or the pre-authorized transfer program (the "DCA Program") allows you to transfer a set dollar amount to other funding options on a monthly or quarterly basis during the accumulation phase of the Contract. Using this method, you will purchase more Accumulation Units in a funding option if the value per unit is low and will purchase fewer Accumulation Units if the value per unit is high. Therefore, you may achieve a lower-than-average cost per unit in the long run if you have the financial ability to continue the program over a long enough period of time. Dollar cost averaging does not assure a profit or protect against a loss. You may elect the DCA Program through Written Request or other method acceptable to us. You must have a minimum total Contract Value of $5,000 to enroll in the DCA Program. The minimum amount that may be transferred through this program is $400. There is no additional fee to participate in the DCA Program. You may start or stop participation in the DCA Program at any time, but you must give the Company at least 30 days' notice to change any automated transfer instructions that are currently in place. You may only have one DCA Program in place at one time. We will allocate any subsequent Purchase Payments we receive within the program period selected to the current funding options over the remainder of that Program transfer period, unless you direct otherwise. All provisions and terms of the Contract apply to the DCA Program, including provisions relating to the transfer of money between funding options. Transfers made under any DCA Program will not be counted for purposes of restrictions we may impose on the number of transfers permitted under the Contract. We reserve the right to suspend or modify transfer privileges at any time and to assess a processing fee for this service. ACCESS TO YOUR MONEY - -------------------------------------------------------------------------------- Any time before the Maturity Date, you may redeem all or any portion of the Cash Surrender Value, that is, the Contract Value less any any premium tax not previously deducted. Unless you submit a Written Request specifying the Variable Funding Option(s) from which we are to withdraw amounts, we will make the withdrawal on a pro rata basis. We will determine the Cash Surrender Value as of the close of business after we receive your surrender request at our Home Office. The Cash Surrender Value may be more or less than the Purchase Payments you made. You may not make withdrawals during the annuity period. We may defer payment of any Cash Surrender Value for a period of up to five business days after the Written Request is received. It is our intent to pay as soon as possible. We cannot process requests for withdrawals that are not in good order. We will contact you if there is a deficiency causing a delay and will advise what is needed to act upon the withdrawal request. We may withhold payment of surrender or withdrawal proceeds if any portion of those proceeds would be derived from a Contract Owner's check that has not yet cleared (i.e., that could still be dishonored by your banking 21 institution). We may use telephone, fax, Internet or other means of communications to verify that payment from the Contract Owner's check has been or will be collected. We will not delay payment longer than necessary for us to verify that payment has been or will be collected. Contract Owners may avoid the possibility of delay in the disbursement of proceeds coming from a check that has not yet cleared by providing us with a certified check. If your Contract is issued as part of a 403(b) plan, there are restrictions on your ability to make withdrawals from your Contract. You may not withdraw contributions or earnings made to your Contract after December 31, 1988 unless you are (a) age 59 1/2, (b) no longer employed, (c) deceased, (d) disabled, or (e) experiencing a financial hardship. Even if you are experiencing a financial hardship, you may only withdraw contributions, not earnings. You should consult with your tax adviser before making a withdrawal from your Contract. SYSTEMATIC WITHDRAWALS Before the Maturity Date, you may choose to withdraw a specified dollar amount (at least $100) on a monthly, quarterly, semiannual or annual basis. We will deduct any applicable premium taxes. To elect systematic withdrawals, you must have a Contract Value of at least $15,000 and you must make the election on the form we provide. We will surrender Accumulation Units pro rata from all funding options in which you have an interest, unless you instruct us otherwise. You may begin or discontinue systematic withdrawals at any time by notifying us in writing, but you must give at least 30 days' notice to change any systematic withdrawal instructions that are currently in place. We reserve the right to discontinue offering systematic withdrawals or to assess a processing fee for this service upon 30 days' written notice to Contract Owners (where allowed by state law). There is currently no additional fee for electing systematic withdrawals. Each systematic withdrawal is subject to federal income taxes on the taxable portion and may be subject to Contract charges. In addition, a 10% federal penalty tax may be assessed on systematic withdrawals if the Contract Owner is under age 59 1/2. You should consult with your tax adviser regarding the tax consequences of systematic withdrawals. MANAGED DISTRIBUTION PROGRAM. Under the systematic withdrawal option, you may choose to participate in the Managed Distribution Program. At no cost to you, you may instruct us to calculate and make minimum distributions that may be required by the IRS upon reaching age 70 1/2. (See "Federal Tax Considerations.") No Dollar Cost Averaging will be permitted if you are participating in the Managed Distribution Program. OWNERSHIP PROVISIONS - -------------------------------------------------------------------------------- TYPES OF OWNERSHIP CONTRACT OWNER The Contract belongs to the Contract Owner named in the Contract (on the Contract Specifications page), or to any other person to whom you subsequently assign the Contract. You may only make an assignment of ownership or a collateral assignment for Non-qualified Contracts. You have sole power during the Annuitant's lifetime to exercise any rights and to receive all benefits given in the Contract provided you have not named an irrevocable beneficiary and provided you have not assigned the Contract. You receive all payments while the Annuitant is alive unless you direct them to an alternate recipient. An alternate recipient does not become the Contract Owner. If this Contract is purchased by a beneficiary of another contract who directly transferred the death proceeds due under that contract, he/she will be granted the same rights the owner has under the Contract except that he/she cannot transfer ownership, or make additional Purchase Payments. Joint Owner. For Non-qualified Contracts only, you may name joint owners (e.g., spouses) in a Written Request before the Contract is in effect. Joint owners may independently exercise transfers allowed under the Contract. All other rights of ownership must be exercised by both owners. Joint owners own equal shares of any benefits accruing or payments made to them. 22 BENEFICIARY You name the beneficiary in a Written Request. The beneficiary has the right to receive any death benefit proceeds remaining under the Contract upon the death of the Annuitant or the Contract Owner. If more than one beneficiary survives the Annuitant or Contract Owner, they will share equally in benefits unless you recorded different shares with the Company by Written Request before the death of the Annuitant or Contract Owner. In the case of a non-spousal beneficiary or a spousal beneficiary who has not chosen to assume the Contract, we will not transfer or otherwise remove the death benefit proceeds from the Variable Funding Options, as most recently elected by the Contract Owner, until the Death Report Date. Unless you have named an irrevocable beneficiary you have the right to change any beneficiary by Written Request during the lifetime of the Annuitant and while the Contract continues. ANNUITANT The Annuitant is designated in the Contract (on the Contract Specifications page), and is the individual on whose life the Maturity Date and the amount of the monthly Annuity Payments depend. You may not change the Annuitant after your Contract is in effect. Contingent Annuitant. You may name one individual as a Contingent Annuitant. A Contingent Annuitant may not be changed, deleted or added to the Contract after the Contract Date. If the Annuitant who is not the owner dies prior to the Maturity Date, and the Contingent Annuitant is still living: - the death benefit will not be payable upon the Annuitant's death - the Contingent Annuitant becomes the Annuitant - all other rights and benefits will continue in effect When a Contingent Annuitant becomes the Annuitant, the Maturity Date remains the same as previously in effect. If the Annuitant is also the owner, a death benefit is paid to the beneficiary regardless of whether or not there is a Contingent Annuitant. DEATH BENEFIT - -------------------------------------------------------------------------------- Before the Maturity Date, generally, a death benefit is payable when either the Annuitant or a Contract Owner dies. We calculate the death benefit at the close of the business day on which our Home Office receives (1) Due Proof of Death and (2) written payment instructions or election of spousal or beneficiary contract continuance ("Death Report Date"). There are age restrictions on certain death benefits (see The Annuity Contract section). Note: If the owner dies before the Annuitant, the death benefit is recalculated replacing all references to "Annuitant" with "owner." DEATH PROCEEDS BEFORE THE MATURITY DATE STANDARD DEATH BENEFIT If the Annuitant is less than age 80 on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greatest of a), b) or c) below, less any applicable premium tax. If the Annuitant is 80 or older on the Contract Date and dies before the Maturity Date, the death benefit payable as of the Death Report Date will be the greater of a) or b) below, less any applicable premium tax. a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** 23 ENHANCED DEATH BENEFIT If the Annuitant dies before the Maturity Date and before age 80, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** If the Annuitant dies before the Maturity Date and on or after age 80, the death benefit payable as of the Death Report Date will be the greatest of (a), (b), (c) or (d), less any applicable premium tax: a) the Contract Value on the Death Report Date b) the Adjusted Purchase Payment (as described below)* c) the Step-Up Value (if any, as described below)** d) the Roll-Up Death Benefit Value (if any, as described below)** available at the Annuitant's 80th birthday, plus any additional Purchase Payments, minus any partial surrender reductions (as described below) which occur after the Annuitant's 80th birthday - --------- * If you have elected a GMWB Rider (Guaranteed Income Solution) your adjusted Purchase Payment will NOT be calculated as described below but will be equal to your aggregate Purchase Payments minus your aggregate withdrawals from the date you purchase the rider. ** Your Step-Up Value or your Roll-Up Death Benefit Value will be subjected to the partial surrender reduction below even if you have elected the GMWB Rider (Guaranteed Income Solution). ADJUSTED PURCHASE PAYMENT: The initial Adjusted Purchase Payment is equal to the initial Purchase Payment. Whenever any additional Purchase Payment(s) are made, the Adjusted Purchase Payment is increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the Adjusted Purchase Payment is reduced by a Partial Surrender Reduction as described below. STEP UP VALUE: The Step-Up Value will initially equal the Contract Value on the first Contract Date anniversary. On each subsequent Contract Date anniversary that occurs before the Annuitant's 80th birthday and before the Annuitant's death, if the Contract Value is greater than the Step-Up Value, the Step-Up Value will be increased to equal the Contract Value on that date. If the Step-Up Value is greater than the Contract Value, the Step-Up Value will remain unchanged. Whenever a Purchase Payment is made, the Step-Up Value will be increased by the amount of that Purchase Payment. Whenever a partial surrender is taken, the Step-Up Value will be reduced by a Partial Surrender Reduction as described below. The only changes made to the Step-Up Value on or after the Annuitant's 80th birthday will be those related to additional Purchase Payments or partial surrenders as described above. ROLL UP DEATH BENEFIT VALUE: On the Contract Date, the Roll-Up Death Benefit Value is equal to the Purchase Payment. On each Contract Date anniversary, the Roll-Up Death Benefit Value will be recalculated to equal (a) plus (b) minus (c), increased by 5%, where: (a) is the Roll-Up Death Benefit as of the previous Contract Date anniversary (b) any Purchase Payments made during the previous Contract Year (c) any Partial Surrender Reductions (as described below) during the previous Contract Year On dates other than the Contract Date anniversary, the roll-up death benefit value will equal (a) plus (b) minus (c), where: (a) the Roll-Up Death Benefit Value on the previous Contract Date anniversary (b) any Purchase Payments made since the previous Contract Date anniversary (c) any Partial Surrender Reductions (as described below) since the previous Contract Date anniversary. 24 The maximum Roll-Up Death Benefit equals 200% of the difference between all Purchase Payments and all partial surrender reductions (as described below). PARTIAL SURRENDER REDUCTION ADJUSTED PURCHASE PAYMENT. The Partial Surrender Reduction is equal to (1) the Adjusted Purchase Payment in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. STEP-UP VALUE AND ROLL-UP VALUE. The Partial Surrender Reduction is equal to (1) the amount of the death benefit value (Step-Up or Roll-Up Value) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. The following examples apply to the Adjusted Purchase Payment, Step-Up Value or Roll-Up Value. Assume your current Contract Value is $55,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce death benefit as follows: 50,000 X (10,000/55,000) = $9,090 Your new death benefit would be 50,000-9,090, or $40,910. The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If the current value of your death benefit is $50,000, and you decide to make a withdrawal of $10,000, we would reduce the death benefit as follows: 50,000 X (10,000/30,000) = $16,666 Your new death benefit would be 50,000-16,666, or $33,334. ENHANCED STEPPED-UP PROVISION ("E.S.P.") THIS PROVISION IS NOT AVAILABLE TO A CUSTOMER WHEN EITHER THE ANNUITANT OR OWNER IS AGE 76 OR OLDER ON THE CONTRACT DATE. This provision must be elected at time of application. If you have selected the E.S.P., the total death benefit as of the Death Report Date will equal the death benefit described above plus the greater of zero or the following amount: IF THE ANNUITANT IS YOUNGER THAN AGE 70 ON THE CONTRACT DATE, 40% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date; or IF THE ANNUITANT IS BETWEEN THE AGES OF 70 AND 75 ON THE CONTRACT DATE, 25% OF THE LESSER OF: (1) 200% of the modified Purchase Payments excluding Purchase Payments that are both received and within 12 months of the Death Report Date, or (2) your Contract Value minus the modified Purchase Payments, calculated as of the Death Report Date. THE INITIAL MODIFIED PURCHASE PAYMENT is equal to the initial Contract Value. Whenever an additional Purchase Payment is made, the modified Purchase Payment(s) are increased by the amount of the Purchase Payment. Whenever a partial surrender is taken, the modified Purchase Payment(s) are reduced by a partial surrender reduction as described below. THE PARTIAL SURRENDER REDUCTION IS EQUAL TO: (1) the modified Purchase Payment(s) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the Contract Value immediately prior to the partial surrender. For example, assume your current modified Purchase Payment is $50,000 and that your current Contract Value is $55,000. You decide to make a withdrawal of $10,000. We would reduce the modified Purchase Payment as follows: 50,000 X (10,000/55,000) = $9,090 You new modified Purchase Payment would be $50,000-$9,090 = $40,910. 25 The following example shows what would happen in a declining market. Assume your current Contract Value is $30,000. If your current modified Purchase Payment is $50,000 and you decide to make a withdrawal of $10,000, we would reduce the modified Purchase Payment as follows: 50,000 X (10,000/30,000) = $16,666 Your new modified Purchase Payment would be 50,000-16,666 = $33,334. PAYMENT OF PROCEEDS We describe the process of paying death benefit proceeds before the Maturity Date in the charts below. The charts do not encompass every situation and are merely intended as a general guide. More detailed information is provided in your Contract. Generally, the person(s) receiving the benefit may request that the proceeds be paid in a lump sum, or be applied to one of the settlement options available under the Contract. NON-QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS NOT THE The beneficiary (ies), or if Unless the beneficiary Yes ANNUITANT) (WITH NO JOINT none, to the Contract elects to continue the OWNER) Owner's estate. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- OWNER (WHO IS THE ANNUITANT) The beneficiary (ies), or if Unless the beneficiary Yes (WITH NO JOINT OWNER) none, to the Contract elects to continue the Owner's estate. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The surviving joint owner. Yes IS NOT THE ANNUITANT) - -------------------------------------------------------------------------------------------------------------- NON-SPOUSAL JOINT OWNER (WHO The beneficiary (ies), or, Unless the beneficiary Yes IS THE ANNUITANT) if none, to the surviving elects to continue the joint owner. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The surviving joint owner. Unless the spouse elects to Yes NOT THE ANNUITANT) continue the Contract. - -------------------------------------------------------------------------------------------------------------- SPOUSAL JOINT OWNER (WHO IS The beneficiary (ies), or, Unless the spouse elects to Yes THE ANNUITANT) if none, to the surviving continue the Contract. joint owner. A spouse who is not the beneficiary may decline to receive the proceeds or to continue the Contract and instruct the Company to pay the beneficiary. - --------------------------------------------------------------------------------------------------------------
26
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS NOT THE The beneficiary (ies), or if Unless the CONTRACT OWNER) none, to the Contract Owner. beneficiary elects to continue the Contract rather than receive a lump sum distribution. Yes But, if there is a Contingent Annuitant, then the Contingent Annuitant becomes the Annuitant and the Contract continues in effect (generally using the original Maturity Date). The proceeds will then be paid upon the death of the Contingent Annuitant or owner. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHO IS THE See death of "owner who is Yes CONTRACT OWNER) the Annuitant" above. - -------------------------------------------------------------------------------------------------------------- ANNUITANT (WHERE OWNER IS A The beneficiary (ies), or if Yes (Death of NON-NATURAL ENTITY/TRUST) none, to the owner. Annuitant is treated as death of the owner in these circumstances.) - -------------------------------------------------------------------------------------------------------------- CONTINGENT ANNUITANT No death proceeds are N/A (ASSUMING ANNUITANT IS STILL payable; Contract continues. ALIVE) - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
QUALIFIED CONTRACTS
- -------------------------------------------------------------------------------------------------------------- MANDATORY BEFORE THE MATURITY DATE, THE COMPANY WILL PAYOUT RULES UPON THE DEATH OF THE PAY THE PROCEEDS TO: UNLESS... APPLY* - -------------------------------------------------------------------------------------------------------------- OWNER/ANNUITANT The beneficiary (ies), or if Unless the beneficiary Yes none, to the Contract elects to continue the Owner's estate. Contract rather than receive a lump sum distribution. - -------------------------------------------------------------------------------------------------------------- BENEFICIARY No death proceeds are N/A payable; Contract continues. - -------------------------------------------------------------------------------------------------------------- CONTINGENT BENEFICIARY No death proceeds are N/A payable; Contract continues. - --------------------------------------------------------------------------------------------------------------
- --------- * Certain payout rules of the Code are triggered upon the death of any owner. Non-spousal beneficiaries (as well as spousal beneficiaries who choose not to assume the Contract) must begin taking distributions based on the beneficiary's life expectancy within one year of death or take a complete distribution of contract proceeds within 5 years of death. Spousal beneficiaries must choose to continue the Contract as 27 allowed under the spousal contract continuance provision described below within one year of death. For Qualified Contracts, if mandatory distributions have already begun at the death of the Annuitant, the 5-year payout option is not available. SPOUSAL CONTRACT CONTINUANCE (SUBJECT TO AVAILABILITY -- DOES NOT APPLY IF A NON-SPOUSE IS A JOINT OWNER) Within one year of your death, if your spouse is named as an owner and/or beneficiary, and you die before the Maturity Date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. If you were the Annuitant and your spouse elects to continue the Contract, your spouse will be named the Annuitant as of the Death Report Date. If your spouse elects to continue the Contract as Contract Owner, the death benefit will be calculated as of the Death Report Date. If the Contract Value is less than the calculated death benefit, the Contract Value will be increased to equal the death benefit. This amount is referred to as the adjusted Contract Value. Any difference between the Contract Value and the adjusted Contract Value will be allocated to the funding options in the same proportion as the allocations of the Contract prior to the Death Report Date. The terms and conditions that applied to the original Contract (including Contract fees and charges) will also apply to the continued Contract, with certain exceptions described in the Contract. All other benefits and features of your Contract will be based on your spouse's age on the Death Report Date as if your spouse had purchased the Contract with the adjusted Contract Value on the Death Report Date. This spousal contract continuance is available only once for each Contract. For purposes of the death benefit on the continued Contract, the death benefit will be calculated the same as prior to continuance except all values used to calculate the death benefit, which may include a Step-Up Value or Roll-Up Death Benefit Value (depending on the optional benefit), are reset on the date the spouse continues the contract. Spousal continuation will not satisfy required minimum distribution rules for Qualified Contracts other than IRAs. In addition, because the contract proceeds must be distributed within the time periods required by the federal Internal Revenue Code, the right of a spouse to continue the contract, and all contract provisions relating to spousal continuation, are available only to a person who is defined as a "spouse" under the federal Defense of Marriage Act, or any other applicable federal law. Please consult a tax advisor before electing this option. BENEFICIARY CONTRACT CONTINUANCE (NOT PERMITTED FOR NON-NATURAL BENEFICIARIES) If you die before the Maturity Date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the Death Report Date, (more than $1,000,000 is subject to Home Office approval), your beneficiary(ies) may elect to continue his/her portion of the Contract subject to applicable Internal Revenue Code distribution requirements, rather than receive the death benefit in a lump sum. If the beneficiary chooses to continue the Contract, the beneficiary can extend the payout phase of the Contract enabling the beneficiary to "stretch" the death benefit distributions out over his life expectancy as permitted by the Internal Revenue Code. If your beneficiary elects to continue the Contract, the death benefit will be calculated as of the Death Report Date. The initial Contract Value of the continued Contract (the "adjusted Contract Value") will equal the greater of the Contract Value or the death benefit calculated on the Death Report Date and will be allocated to the funding options in the same proportion as prior to the Death Report Date. If the adjusted Contract Value is allocated to the Variable Funding Options, the beneficiary bears the investment risk. The beneficiary who continues the Contract will be granted the same rights as the owner under the original Contract, except the beneficiary cannot: - transfer ownership - take a loan - make additional Purchase Payments The beneficiary may also name his/her own beneficiary ("succeeding beneficiary") and has the right to take withdrawals at any time after the Death Report Date. The E.S.P. option is not available to a beneficiary continuing the Contract under this provision. All other fees and charges applicable to the original Contract will also apply to the continued Contract; the E.S.P. charge no longer applies. All benefits and features of the continued Contract will be 28 based on the beneficiary's age on the Death Report Date as if the beneficiary had purchased the Contract with the adjusted Contract Value on the Death Report Date. DEATH PROCEEDS AFTER THE MATURITY DATE If any Contract Owner or the Annuitant dies on or after the Maturity Date, the Company will pay the beneficiary a death benefit consisting of any benefit remaining under the annuity option then in effect. LIVING BENEFITS - -------------------------------------------------------------------------------- GUARANTEED MINIMUM WITHDRAWAL BENEFIT ("GMWB" OR "GUARANTEED INCOME SOLUTION") For an additional charge, you may elect an optional rider for your Contract that provides a Guaranteed Minimum Withdrawal Benefit, or "GMWB". A GMWB rider is designed to protect your investment from poor market performance, as long as you do not withdraw more than a certain amount from your Contract each year. AVAILABILITY AND ELIGIBILITY We offer several different GMWB riders so that you can choose the level of benefits and costs that makes the most sense for you. This prospectus offers different GMWB riders, and the availability of each depends on when you purchase your Contract and your state of residence. The GMWB riders described in this prospectus are called "GMWB I", "GMWB II", and "GMWB III" ; we may refer to any one of these as GMWB. The availability of each rider is shown below.
- -------------------------------------------------------------------------------------------------------------- NAME OF RIDER: GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- ALSO CALLED: Guaranteed Income Guaranteed Income Guaranteed Income Solution Solution Solution Value - -------------------------------------------------------------------------------------------------------------- AVAILABILITY: Not available for Available on or after Available on or after purchase on or after March 21, 2005 if March 21, 2005 if March 21, 2005, unless approved in your state approved in your state. GMWB II is not approved in your state - --------------------------------------------------------------------------------------------------------------
CURRENTLY, YOU MAY ELECT A GMWB RIDER ONLY AT THE TIME OF YOUR INITIAL PURCHASE OF THE CONTRACT. REMAINING BENEFIT BASE ("RBB") For all GMWB riders, the amount of your investment that is guaranteed is called the "remaining benefit base" or "RBB." Your initial RBB is equal to your initial Purchase Payment. If you added the GMWB after the initial purchase of the Contract, the Initial RBB is the Contract Value on the date the GMWB was added. The RBB is not a lump sum guarantee, rather, it is the amount that we guarantee to return to you through a series of payments that annually do not exceed a percentage of your RBB. ANNUAL WITHDRAWAL BENEFIT ("AWB") The annual percentage of your RBB that is available for withdrawal is called the "annual withdrawal benefit" or "AWB". Each year you may take withdrawals that do not exceed your AWB until your RBB is depleted. Each year you may take your AWB monthly, annually, or on any payment schedule you request. You may take withdrawals in any dollar amount up to your AWB without affecting your guarantee. If you choose to receive only a part of, or none of, your AWB in any given year, your AWB in any subsequent year will not be increased. In that case you are choosing to deplete your RBB over a longer period of time. 29 The AWB is a percentage of your RBB and depends on which GMWB rider you select. Your initial AWB is calculated as a percentage of the RBB immediately before your first withdrawal:
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- If you make your first 5% of RBB 5% of RBB 5% of RBB withdrawal before the 3rd anniversary after you purchase GMWB: - -------------------------------------------------------------------------------------------------------------- If you make your first 10% of RBB 10% of RBB 5% of RBB withdrawal on or after the 3(rd) anniversary after you purchase GMWB: - --------------------------------------------------------------------------------------------------------------
ADDITIONAL PREMIUM Currently, additional Purchase Payments serve to increase your RBB and AWB. After each Purchase Payment your new RBB equals your RBB immediately prior to the Purchase Payment plus the dollar amount of the Purchase Payment. Your new AWB is equal to the AWB immediately prior to the Purchase Payment, plus a percentage of the Purchase Payment. We use the same percentage as that used to calculate your original AWB as shown above. We reserve the right not to include additional Purchase Payments into the calculation of the RBB or AWB. WITHDRAWALS When you make a withdrawal, your AWB remains the same as long as the sum of all of your withdrawals since the most recent anniversary of your purchase or reset of GMWB (or "GMWB Anniversary"), including the current withdrawal, does not exceed your AWB immediately prior to the current withdrawal. In such case your RBB is decreased to equal the RBB immediately prior to the withdrawal, less the dollar amount of the current withdrawal. However, if you make a withdrawal so that the total of all your withdrawals since your GMWB anniversary, including the current withdrawal, exceeds your AWB immediately prior to the current withdrawal, we will recalculate both your RBB and AWB. The recalculation depends on which GMWB rider you select: IF YOU SELECT GMWB II OR GMWB III: - To recalculate your RBB, we reduce your RBB by the greater of the dollar amount of your withdrawal, or a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. IF YOU PURCHASED GMWB I: - To recalculate your RBB, we reduce your RBB by a "partial withdrawal reduction". The partial withdrawal reduction is equal to 1) the RBB in effect immediately prior to the current withdrawal, multiplied by 2) the amount of the current withdrawal divided by 3) the Contract Value immediately prior to the current withdrawal. - To recalculate your AWB, we reduce your AWB by a partial withdrawal reduction, which is equal to 1) the AWB in effect immediately prior to the current withdrawal, multiplied by 2) the RBB immediately after the withdrawal divided by 3) the RBB immediately prior to the current withdrawal. WITHDRAWAL EXAMPLES. The following examples are intended to illustrate the effect of withdrawals on your RBB and AWB, depending on which GMWB rider you select. The investment results shown are hypothetical and are not representative of past or future performance. Actual investment results may be more or less than those shown and will depend upon a number of factors, including the Variable Funding Options selected by you. The example does 30 not reflect the deduction of fees and charges and applicable income taxes and penalties. Assume your initial RBB is $100,000, your age is less than 70, and you take a withdrawal of $10,000 after your first GMWB Anniversary: WITHDRAWAL EXAMPLE FOR GMWB II AND GMWB III
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- PARTIAL WITHDRAWAL N/A (100,000 x [5,000 x (1- N/A (100,000 x [5,000 x (1- REDUCTION 10,000/110,000) = 90,000/100,000)] = 10,000/90,000) = 88,889/100,000)] = (PWR) 9,091 500 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- GREATER OF PWR OR THE DOLLAR AMOUNT $10,000 $11,111 OF THE WITHDRAWAL (10,000>9,091) (11,111>10,000) - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $10,000 $500 $10,000 $11,111 $556 - ------------------------------------------------------------------------------------------------------------------------- VALUE IMMEDIATELY AFTER WITHDRAWAL $100,000 $90,000 $4,500 $80,000 $88,889 $4,444 - -------------------------------------------------------------------------------------------------------------------------
WITHDRAWAL EXAMPLE FOR GMWB I
- ------------------------------------------------------------------------------------------------------------------------- ASSUMES 10% GAIN ON INVESTMENT ASSUMES 10% LOSS ON INVESTMENT - ------------------------------------------------------------------------------------------------------------------------- CONTRACT CONTRACT VALUE RBB AWB (5%) VALUE RBB AWB (5%) - ------------------------------------------------------------------------------------------------------------------------- VALUES AS OF - ------------------------------------------------------------------------------------------------------------------------- INITIAL GMWB PURCHASE $100,000 $100,000 $5,000 $100,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY PRIOR TO WITHDRAWAL $110,000 $100,000 $5,000 $90,000 $100,000 $5,000 - ------------------------------------------------------------------------------------------------------------------------- IMMEDIATELY $90,909 $4,545 $88,889 $4,444 AFTER WITHDRAWAL [100,000 -- (100,000 [(5,000 [100,000 -- (100,000 [5,000 x $100,000 x10,000/110,000)] x90,909/100,000)] $80,000 x10,000/90,000)] (88,889/100,000)] - ------------------------------------------------------------------------------------------------------------------------- CHANGE IN VALUE DUE TO WITHDRAWAL (PARTIAL SURRENDER REDUCTION) $10,000 $9,091 $455 $10,000 $11,111 $556 - -------------------------------------------------------------------------------------------------------------------------
TAX-QUALIFIED DISTRIBUTION PROGRAMS (GMWB II AND GMWB III ONLY). If you select GMWB II or GMWB III, subject to certain limitations and restrictions, your AWB will not incur a recalculation as a result of distributions taken under certain eligible Tax-Qualified Distribution Programs ("Tax-Qualified Distribution Programs"). Instead, such distributions will reduce the RBB by the amount of the withdrawal, and will not affect the AWB. For purposes of GMWB II and GMWB III, the following Tax-Qualified Distribution Programs are eligible. Only certain types of distribution methods are eligible as described below. Please consult with your tax adviser to make sure you are eligible: - Distributions intended to satisfy the required minimum distribution rules under Internal Revenue Code ("Code") Section 401(a)(9) and the Treasury Regulations promulgated thereunder, as applicable, to: - a qualified retirement plan (Code Section 401), - a tax-sheltered annuity (Code Section 403(b)), - an individual retirement account (Code Sections 408(a)), 31 - an individual retirement annuity (Code Section 408(b)), or - a qualified deferred compensation plan (Code Section 457). Required minimum distribution must be calculated using the Uniform Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-2) and/or the Joint and Last Survivor Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-3), and for distributions where the employee (owner) dies before the entire interest is distributed as described in Code Section 401(a)(9)(B)(iii) calculated using the Single Life Table (described in Treasury Regulation Section 1.401(a)(9)-9, Q&A-1), as appropriate (each table as in effect as of January 1, 2004). - Distributions intended to satisfy the exception under Code Section 72(s)(2) to the required minimum distribution rules which apply after the death of the holder of a nonqualified annuity contract provided under Code Section 72(s)(1) for certain amounts payable over the life of a designated beneficiary; - Distributions intended to satisfy the exception under Code Section 72(t)(2)(A)(iv) from the 10% additional tax on early distributions from qualified retirement plans imposed by Code Section 72(t)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of such employee and his designated beneficiary, provided, however, the amount of the substantially equal periodic payments must be calculated under the required minimum distribution method set forth in the Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Revenue Ruling 2002-62, 2002-42 I.R.B. 710 (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program); or - Distributions intended to satisfy the exception under Code Section 72(q)(2)(D) from the 10% additional tax on early distributions from nonqualified annuity contracts imposed by Code Section 72(q)(1) for certain amounts payable as part of a series of substantially equal periodic payments made for the life (or life expectancy) of the Beneficiary or the joint lives (or joint life expectancies) of such Beneficiary and his designated beneficiary, provided, however, the amount of the substantially equal periodic payment must be calculated under the required minimum distribution method set forth in Internal Revenue Service Notice 89-25, 1989-1 C.B. 662 in Q&A-12 as amended by Internal Revenue Bulletin 2004-9, Notice 2004-15, page 526. (substantially equal periodic payments calculated under the fixed annuitization method or the fixed amortization method described in Q&A-12 of Notice 89-25 will not be considered a Tax-Qualified Distribution Program). You are subject to the following limitations if you are taking distributions under a Tax-Qualified Distribution Program: - YOU MUST ENROLL IN OUR MANAGED DISTRIBUTION PROGRAM. If you do not enroll or if you cancel your enrollment, you can continue to make withdrawals under your GMWB rider, however your RBB and AWB may be subject to a recalculation. Under our Managed Distribution Program, you select the frequency of payments. You may change the frequency of your payments only once every two years after your GMWB Anniversary, and you may only make the change during the 30-day period after your GMWB Anniversary. At the time you purchase GMWB, your initial frequency of payment must be annual if you did not take distributions pursuant to your Tax-Qualified Distribution Program at your previous financial institution, unless you turn age 70 1/2 before the first GMWB anniversary. You are advised to take your required distributions prior to purchasing GMWB in order to have the choice of taking your distributions on a monthly, quarterly, semi-annual or annual basis. If you do not take your distribution before purchasing GMWB, you will be limited to taking annual distributions for the first two Contract Years after which time you can choose an alternate mode of distribution. - ANY WITHDRAWALS OUTSIDE OF THE PROGRAM MAY DECREASE YOUR BENEFIT. All withdrawals under your Contract must be made pursuant to the Tax- Qualified Distribution Program during any 12-month period after an anniversary of your purchase of GMWB (a "GMWB Year"). If during any GMWB Year you take any additional withdrawals that are not made pursuant to the Program, you can continue to make withdrawals under your GMWB rider, however for the remainder of the GMWB Year your RBB and AWB may be 32 subject to a partial withdrawal reduction. To avoid any partial withdrawal reduction, all withdrawals under your Contract must be made pursuant to your Tax-Qualified Distribution Program. RESET (GMWB I AND GMWB II ONLY). If you select GMWB I or GMWB II, you may choose to reset your RBB starting with the 5th year anniversary date of your GMWB purchase. In accordance with the terms of the rider we have established the following procedures for resets. If you elect to reset within 30 days prior to the end of the 5th contract year, your new RBB will be reset to equal your current Contract Value. If you do not reset on the 5th year anniversary, you will have the opportunity to elect to reset during the 30-day period prior to each anniversary following the date of your 5th year anniversary of your GMWB purchase. In the event that you elect a reset you will be eligible to reset your RBB again provided that 5 contract years have elapsed since the most recent reset, so long as your election is made during the 30-day period prior to the anniversary date of your GMWB purchase. Each time you reset your RBB, your new AWB will equal a percentage of your new RBB. The percentage used is the same percentage used to calculate your AWB before the reset. If you are age 95 and are taking withdrawals under a Tax-Qualified Distribution Program, you may not reset if you purchased GMWB II. Depending on your Contract Value and the current fee for GMWB, it may not be beneficial to reset your RBB. Generally, it may be beneficial to reset your RBB if your Contract Value exceeds your RBB. However, the charge may increase if you elect to reset the RBB. (In such cases, the charge will never exceed the guaranteed maximum charge.) Further, if you reset your RBB, your new AWB may be higher or lower than your current AWB. In addition, the length of time over which you can expect to receive your RBB will be reset. INVESTMENT RESTRICTIONS (GMWB II AND GMWB III ONLY) We reserve the right to restrict allocations to a Variable Funding Option or limit the percentage of Contract value that may be allocated to a Variable Funding Option at any time. If we do so we would provide you with asset allocation requirements, and we reserve the right to require periodic rebalancing of Contract value allocated to Variable Funding Options according to specified percentages. We will provide no less than 30 days advanced written notice if we exercise our right to restrict or limit allocations to a Variable Funding Option and/or require periodic rebalancing between Variable Funding Options. Our ability to restrict allocations to a Variable Funding Option may be different depending on your state. If we restrict allocations to a Variable Funding Option, as of the effective date of the restriction, we will no longer allow additional Purchase Payments to be applied, or transfers of Contract value to be allocated into the restricted Variable Funding Option. Any Contract value previously allocated to a restricted Variable Funding Option will not be subject to the restriction. If we impose a limit on the percentage of Contract value allocated to a Variable Funding Option, as of the effective date of the restriction, we will impose the limit on all subsequent allocations. GMWB CHARGE. The charge for your GMWB rider is different depending on which version of GMWB you choose. For all GMWB riders, the charge is deducted each business day from amounts held in each Variable Funding Option. The current charge for each rider, on an annual basis, is shown below. Your current charge will not change unless you reset your benefits, at which time we may modify the charge. In such case the charge will never exceed 1.00%.
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- Current Annual Charge 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- Maximum Annual Charge After a 1.00% 1.00% N/A Reset - --------------------------------------------------------------------------------------------------------------
MAXIMUM RBB. Although we have no current plans to do so, in the future we may impose a maximum RBB. If we do, we would stop including additional Purchase Payments into the calculation of your RBB. If we impose a maximum RBB for Purchase Payments or reset, the maximum RBB will never be less than the cumulative Purchase Payments to which we have previously consented. Currently you must obtain our consent to purchase any RBB over $1 million. Purchase Payments under $1 million are not subject to a maximum RBB. 33 TERMINATION. Once you purchase GMWB I, you cannot cancel it. If you select GMWB II or GMWB III, you may terminate your rider at any time after the 5(th) anniversary of your purchase of GMWB. Once you terminate a GMWB III rider, you cannot re-elect it. You must request your termination in writing. All GMWB riders terminate automatically when you reach the maturity date of your Contract, if your Contract is assigned, or if the rider is exchanged for a similar rider offered by us. OTHER INFORMATION ABOUT GMWB. If your Contract Value reaches zero, and you have purchased this benefit, the following will occur: - The AWB will continue to be paid to you until the RBB is depleted, not more frequently than monthly. Upon your death, your beneficiary will receive these payments. No other death benefit or optional benefit, if any, will be paid. - The total annual payment amount will equal the AWB and will never exceed your RBB, and - We will no longer accept subsequent Purchase Payments into the Contract. If a spouse or beneficiary continues this Contract upon your death, and you had elected GMWB, all terms and conditions of this benefit would apply to the new owner. Please refer to the Death Benefit section for information on how GMWB may impact your death benefit. COMPARISON OF IMPORTANT DIFFERENCES AMONG THE GMWB RIDERS The following chart may help you decide which version of GMWB is best for you.
- -------------------------------------------------------------------------------------------------------------- GMWB I GMWB II GMWB III - -------------------------------------------------------------------------------------------------------------- AWB 5% of RBB if first 5% of RBB if first 5% of RBB withdrawal before 3(rd) withdrawal before 3(rd) anniversary 10% of RBB anniversary 10% of RBB if first withdrawal on if first withdrawal on or after 3(rd) or after 3(rd) anniversary anniversary - -------------------------------------------------------------------------------------------------------------- ANNUAL CHARGE 0.40% 0.50% 0.25% - -------------------------------------------------------------------------------------------------------------- RESET Yes Yes No - -------------------------------------------------------------------------------------------------------------- CAN I CANCEL MY GMWB? No Yes, after the 5(th) Yes, after the 5(th) anniversary of GMWB anniversary of GMWB purchase purchase - -------------------------------------------------------------------------------------------------------------- INVESTMENT RESTRICTIONS No Yes Yes - -------------------------------------------------------------------------------------------------------------- WAIVER OF RECALCULATION OF AWB No Yes Yes FOR DISTRIBUTIONS FROM TAX- QUALIFIED PLANS - --------------------------------------------------------------------------------------------------------------
THE ANNUITY PERIOD - -------------------------------------------------------------------------------- MATURITY DATE Under the Contract, you can receive regular payments ("Annuity Payments"). You can choose the month and the year in which those payments begin ("Maturity Date"). You can also choose among payout options or elect a lump sum distribution. While the Annuitant is alive, you can change your selection any time up to the Maturity Date. Annuity Payments will begin on the Maturity Date stated in the Contract unless (1) you fully surrendered the Contract; (2) we paid the proceeds to the beneficiary before that date; or (3) you elected another date. Annuity Payments are a series of periodic payments (a) for life; (b) for life with a minimum number of payments assured; (c) for the joint lifetime of the Annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed period. We may require proof that the Annuitant is alive before we make Annuity Payments. Not all options may be available in all 34 states. Please be aware that once the Contract is annuitized, you are ineligible to receive the death benefit you have selected and any living benefit rider is terminated. You may choose to annuitize at any time after the first Contract Date anniversary. Unless you elect otherwise, the Maturity Date will be the Annuitant's 90(th) birthday or ten years after the effective date of the Contract, if later (this requirement may be changed by us). (For Contracts issued in Florida and New York, the Maturity Date you elect may not be later than the Annuitant's 90(th) birthday.) At least 30 days before the original Maturity Date, you may elect to extend the Maturity Date to any time prior to the Annuitant's 90th birthday or to a later date with our consent. You may use certain annuity options taken at the Maturity Date to meet the minimum required distribution requirements of federal tax law, or you may use a program of withdrawals instead. These mandatory distribution requirements take effect generally upon the death of the Contract Owner, or with certain Qualified Contracts upon either the later of the Contract Owner's attainment of age 70 1/2 or year of retirement; or the death of the Contract Owner. You should seek independent tax advice regarding the election of minimum required distributions. ALLOCATION OF ANNUITY You may elect to receive your Annuity Payments in the form of a variable annuity, a fixed annuity, or a combination of both. If, at the time Annuity Payments begin, you have not made an election, we will apply your Cash Surrender Value to provide an annuity funded by the same funding options as you have selected during the accumulation period. At least 30 days before the Maturity Date, you may transfer the Contract Value among the funding options in order to change the basis on which we will determine Annuity Payments. (See "Transfers.") VARIABLE ANNUITY You may choose an annuity payout that fluctuates depending on the investment experience of the Variable Funding Options. We determine the number of Annuity Units credited to the Contract by dividing the first monthly Annuity Payment attributable to each Variable Funding Option by the corresponding Accumulation Unit value as of 14 days before the date Annuity Payments begin. We use an Annuity Unit to measure the dollar value of an Annuity Payment. The number of Annuity Units (but not their value) remains fixed during the annuity period. DETERMINATION OF FIRST ANNUITY PAYMENT. Your Contract contains the tables we use to determine your first monthly Annuity Payment. If you elect a variable annuity, the amount we apply to it will be the Cash Surrender Value as of 14 days before the date Annuity Payments begin, less any applicable premium taxes not previously deducted. The amount of your first monthly payment depends on the annuity option you elected and the Annuitant's adjusted age. Your Contract contains the formula for determining the adjusted age. We determine the total first monthly Annuity Payment by multiplying the benefit per $1,000 of value shown in the Contract tables by the number of thousands of dollars of Contract Value you apply to that annuity option. The Contract tables factor in an assumed daily net investment factor of 3.0%. We call this your net investment rate. Your net investment rate of 3% corresponds to an annual interest rate of 3%. This means that if the annualized investment performance, after expenses, of your Variable Funding Options is less than 3%, then the dollar amount of your variable Annuity Payments will decrease. However, if the annualized investment performance, after expenses, of your Variable Funding Options is greater than 3%, then the dollar amount of your variable Annuity Payments will increase. DETERMINATION OF SECOND AND SUBSEQUENT ANNUITY PAYMENTS. The dollar amount of all subsequent Annuity Payments changes from month to month based on the investment experience, as described above, of the applicable funding options. The total amount of each Annuity Payment will equal the sum of the basic payments in each funding option. We determine the actual amounts of these payments by multiplying the number of Annuity Units we credited to each funding option by the corresponding Annuity Unit value as of the date 14 days before the date the payment is due. FIXED ANNUITY You may choose a fixed annuity that provides payments that do not vary during the annuity period. We will calculate the dollar amount of the first fixed Annuity Payment as described under "Variable Annuity," except that the amount we apply to begin the annuity will be your Cash Surrender Value as of the date Annuity Payments begin. Payout rates 35 will not be lower than that shown in the Contract. If it would produce a larger payment, the first fixed Annuity Payment will be determined using the Annuity Tables in effect on the Maturity Date. PAYMENT OPTIONS - -------------------------------------------------------------------------------- ELECTION OF OPTIONS While the Annuitant is alive, you can change your annuity option selection any time up to the Maturity Date. Once Annuity Payments have begun, no further elections are allowed. During the Annuitant's lifetime, if you do not elect otherwise before the Maturity Date, we will pay you (or another designated payee) the first of a series of monthly Annuity Payments based on the life of the Annuitant, in accordance with Annuity Option 2 (Life Annuity with 120 monthly payments assured). For certain Qualified Contracts, Annuity Option 4 (Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee) will be the automatic option as described in the Contract. (See "Annuity Options.") The minimum amount that can be placed under an annuity option will be $2,000 unless we agree to a lesser amount. If any monthly periodic payment due is less than $100, the Company reserves the right to make payments at less frequent intervals, or to pay the Contract Value in a lump-sum. On the Maturity Date, we will pay the amount due under the Contract in accordance with the payment option that you select. You may choose to receive a single lump-sum payment. You must elect an option in writing, in a form satisfactory to the Company. Any election made during the lifetime of the Annuitant must be made by the Contract Owner. ANNUITY OPTIONS Subject to the conditions described in "Election of Options" above, we may pay all or any part of the Cash Surrender Value under one or more of the following annuity options. Payments under the annuity options are generally made on a monthly basis. We may offer additional options. Option 1 -- Life Annuity -- No Refund. The Company will make Annuity Payments during the lifetime of the Annuitant ending with the last payment before death. This option offers the maximum periodic payment, since there is no assurance of a minimum number of payments or provision for a death benefit for beneficiaries. Option 2 -- Life Annuity with 120, 180 or 240 Monthly Payments Assured. The Company will make monthly Annuity Payments during the lifetime of the Annuitant, with the agreement that if, at the death of that person, payments have been made for less than 120, 180 or 240 months, as elected, we will continue making payments to the beneficiary during the remainder of the period. Option 3 -- Joint and Last Survivor Life Annuity -- No Refund. The Company will make regular Annuity Payments during the lifetime of the Annuitant and a second person. When either person dies, we will continue making payments to the survivor. No further payments will be made following the death of the survivor. Option 4 -- Joint and Last Survivor Life Annuity -- Annuity Reduced on Death of Primary Payee. The Company will make Annuity Payments during the lifetimes of the Annuitant and a second person. You will designate one as primary payee, and the other will be designated as secondary payee. On the death of the secondary payee, the Company will continue to make monthly Annuity Payments to the primary payee in the same amount that would have been payable during the joint lifetime of the two persons. On the death of the primary payee, the Company will continue to make Annuity Payments to the secondary payee in an amount equal to 50% of the payments, which would have been made during the lifetime of the primary payee. No further payments will be made once both payees have died. Option 5 -- Payments for a Fixed Period without Life Contingency. We will make periodic payments for the period selected. This option may not satisfy the minimum required distribution rules for Qualified Contracts. Consult a tax adviser before electing this option. Option 6 -- Other Annuity Options. We will make any other arrangements for Annuity Payments as may be mutually agreed upon. 36 VARIABLE LIQUIDITY BENEFIT This benefit is only offered with the annuity option "Payments for a Fixed Period without Life Contingency." At any time after annuitization and before death, the Contract Owner may surrender and receive a payment equal to the present value of remaining certain payments. The interest rate used to calculate the present value is a rate 1% higher than the Assumed (Daily) Net Investment Factor used to calculate the Annuity Payments. The remaining period certain payments are assumed to be level payments equal to the most recent period certain payment prior to the request for this liquidity benefit. MISCELLANEOUS CONTRACT PROVISIONS - -------------------------------------------------------------------------------- RIGHT TO RETURN You may return the Contract for a full refund of the Contract Value plus any Contract charges and premium taxes you paid (but not any fees and charges the Underlying Fund assessed) within ten days after you receive it (the "right to return period"). You bear the investment risk of investing in the Variable Funding Options during the right to return period; therefore, the Contract Value we return may be greater or less than your Purchase Payment. If you purchase the Contract as an Individual Retirement Annuity, and return it within the first seven days after delivery, or longer if your state law permits, we will refund your Purchase Payment in full; during the remainder of the right to return period, we will refund the Contract Value (including charges). We will determine the Contract Value following the close of the business day on which we receive your Contract and a Written Request for a refund. Where state law requires a different period, or the return of Purchase Payments or other variations of this provision, we will comply. Refer to your Contract for any state-specific information. TERMINATION We reserve the right to terminate the Contract on any business day if your Contract Value as of that date is less than $2,000 and you have not made Purchase Payments for at least two years, unless otherwise specified by state law. Accordingly, no Contract will be terminated due solely to negative investment performance. Termination will not occur until 31 days after we have mailed notice of termination to your last known address and to any assignee of record. If we terminate the Contract, we will pay you the Cash Surrender Value less any applicable taxes. In certain states, we may be required to pay you the Contract Value. Federal tax law may impose additional restrictions on our right to terminate your traditional IRA, Roth IRA or other Qualified Contract. REQUIRED REPORTS As often as required by law, but at least once in each Contract Year before the due date of the first Annuity Payment, we will furnish a report showing the number of Accumulation Units credited to the Contract and the corresponding Accumulation Unit value(s) as of the report date for each funding option to which the Contract Owner has allocated amounts during the applicable period. The Company will keep all records required under federal and state laws. SUSPENSION OF PAYMENTS The Company reserves the right to suspend or postpone the date of any payment or determination of values on any business day (1) when the New York Stock Exchange ("the Exchange") is closed; (2) when trading on the Exchange is restricted; (3) when an emergency exists, as determined by the SEC, so that the sale of securities held in the Separate Account may not reasonably occur, or so that the Company may not reasonably determine the value the Separate Account's net assets; or (4) during any other period when the SEC, by order, so permits for the protection of security holders. 37 THE SEPARATE ACCOUNTS - -------------------------------------------------------------------------------- The Company sponsors MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. When we refer to the Separate Account, we are referring to MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002, except where the Contract was originally issued by MLACC, in which case, we are referring to MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002. (See "The Insurance Company" ..) Both MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 were established on September 17, 2002 and are registered with the SEC as unit investment trusts under the Investment Company Act of 1940, as amended. We will invest Separate Account assets attributable to the Contracts exclusively in the shares of the Variable Funding Options. We anticipate merging MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 and MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 with and into another separate account of the Company (the MetLife of CT Separate Account Eleven for Variable Annuities) during the fourth quarter of 2008 at the earliest, subject to regulatory approval. This merger will have no effect on the provisions of, and the rights and obligations under, the Contract. Similarly, the merger will not have any adverse impact on your Contract Value or any tax consequences for you. We hold the assets of the Separate Account for the exclusive and separate benefit of the owners of each Separate Account, according to the laws of Connecticut. Income, gains and losses, whether or not realized, from assets allocated to the Separate Account are, in accordance with the Contracts, credited to or charged against the Separate Account without regard to other income, gains and losses of the Company. The assets held by the Separate Account are not chargeable with liabilities arising out of any other business that we may conduct. Obligations under the Contract are obligations of the Company. Any obligations that exceed the assets in the Separate Account are payable by the Company's general account. The amount of the guaranteed death benefit that exceeds the Contract Value is paid from the Company's general account. Benefit amounts paid from the general account are subject to the financial strength and claims-paying ability of the Company. All investment income and other distributions of the funding options are payable to the Separate Account. We reinvest all such income and/or distributions in shares of the respective funding option at net asset value. Shares of the funding options are currently sold only to life insurance company separate accounts to fund variable annuity and variable life insurance contracts. Certain variable annuity separate accounts and variable life insurance separate accounts may invest in the funding options simultaneously (called "mixed" and "shared" funding). It is conceivable that in the future it may be disadvantageous to do so. Although the Company and the Variable Funding Options do not currently foresee any such disadvantages either to variable annuity contract owners or variable life policy owners, each Underlying Fund's Board of Directors intends to monitor events in order to identify any material conflicts between them and to determine what action, if any, should be taken. If a Board of Directors was to conclude that separate funds should be established for variable life and variable annuity separate accounts, the variable annuity contract owners would not bear any of the related expenses, but variable annuity contract owners and variable life insurance policy owners would no longer have the economies of scale resulting from a larger combined fund. We reserve the right to transfer assets of the Separate Account to another separate account, and/or to modify the structure or operation of the Separate Account, subject to the necessary regulatory approvals. If we do so, we guarantee that the modification will not affect your Contract Value. PERFORMANCE INFORMATION In advertisements for the Contract, we may include performance figures to show you how a Variable Funding Option has performed in the past. These figures are rates of return or yield quotations shown as a percent. These figures show past performance of a Variable Funding Option and are not an indication of how a Variable Funding Option will perform in the future. Performance figures for each Variable Funding Option are based in part on the performance of a corresponding Underlying Fund. In some cases, the Underlying Fund may have existed before the technical inception of the 38 corresponding Variable Funding Option. In those cases, we can create "hypothetical historical performance" of a Variable Funding Option. These figures show the performance that the Variable Funding Option would have achieved had it been available during the entire history of the Underlying Fund. In a low interest rate environment, yields for money market Subaccounts, after deduction of the Mortality and Expense Risk Charge, Administrative Expense Charge and the charge for any optional benefit riders (if applicable), may be negative even though the Underlying Fund's yield, before deducting for such charges, is positive. If you allocate a portion of your Contract Value to a money market Subaccount or participate in an asset allocation program where Contract Value is allocated to a money market Subaccount under the applicable asset allocation model, that portion of your Contract Value may decrease in value. FEDERAL TAX CONSIDERATIONS - -------------------------------------------------------------------------------- The following general discussion of the federal income tax consequences related to your investment in this Contract is not intended to cover all situations, and is not meant to provide tax or legal advice. Because of the complexity of the law and the fact that the tax results will vary depending on many factors, you should consult your tax and/or legal adviser regarding the tax implications of purchasing this Contract based upon your individual situation. For further tax information, an additional discussion of certain tax matters is contained in the SAI. You are responsible for determining whether your purchase of a Contract, withdrawals, income payments and any other transaction under your Contract satisfy applicable tax law. We are not responsible for determining if your employer's plan or arrangement satisfies the requirements of the Code and/or the Employee Retirement Income Security Act of 1974 (ERISA). GENERAL TAXATION OF ANNUITIES Congress has recognized the value of saving for retirement by providing certain tax benefits, in the form of tax deferral, for premiums paid under an annuity and permitting tax-free transfers between the various investment options offered under the Contract. The Internal Revenue Code ("Code") governs how earnings on your investment in the Contract are ultimately taxed, depending upon the type of contract, qualified or non-qualified, and the manner in which the money is distributed, as briefly described below. In analyzing the benefits of tax deferral it is important to note that the Jobs and Growth Tax Relief Reconciliation Act of 2003 amended Code Section 1 to reduce the marginal tax rates on long-term capital gains and dividends to 5% and 15%. The reduced rates apply during 2003 through 2008, and thereafter will increase to prior levels. Under current federal tax law, the taxable portion of distributions under variable annuity contracts and qualified plans (including IRAs) is not eligible for the reduced tax rate applicable to long-term capital gains and dividends. Earnings under annuity contracts, like interest payable on fixed investments (notes, bonds, etc.), continue to be taxed as ordinary income (top rate of 35%). The tax law provides deferred annuities issued after October 21, 1988 by the same insurance company or an affiliate in the same calendar year to the same owner are combined for tax purposes. As a result, a greater portion of your withdrawals may be considered taxable income than you would otherwise expect. Although the law is not clear, the aggregation rule may also adversely affect the tax treatment of payments received under an income annuity where the owner has purchased more than one non-qualified annuity during the same calendar year from the same or an affiliated company after October 21, 1988, and is not receiving income payments from all annuities at the same time. Please consult your own tax advisor. STATE AND LOCAL TAXES. The rules for state and local income taxes may differ from the federal income tax rules. Purchasers and prospective purchasers of the Contract should consult their own tax advisers and the law of the applicable taxing jurisdiction to determine what rules and tax benefits apply to the Contract. PENALTY TAX FOR PREMATURE DISTRIBUTIONS. For both Qualified and Non-qualified Contracts, taxable distributions taken before the Contract Owner has reached the age of 59 1/2 will be subject to a 10% additional tax penalty unless the distribution is taken in a series of periodic distributions, for life or life expectancy, or unless the distribution follows the death or disability of the Contract Owner. Other exceptions may be available in certain qualified plans. The 10% tax penalty is in addition to any other penalties that may apply under your Contract and the normal income taxes due on the distribution. 39 TAX-FREE EXCHANGES. Code Section 1035 provides that, if certain conditions are met, no gain or loss is recognized when an annuity contract is received in exchange for a life insurance policy, endowment, or annuity contract. Since different annuity contracts have different expenses, fees and benefits, a tax- free exchange could result in your investment becoming subject to higher or lower fees and/or expenses. FEDERAL ESTATE TAXES. While no attempt is being made to discuss the federal estate tax implications of the Contract, you should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning adviser for more information. GENERATION-SKIPPING TRANSFER TAX. Under certain circumstances, the Code may impose a "generation-skipping transfer tax" when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Contract Owner. Regulations issued under the Code may require us to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS. TYPES OF CONTRACTS: QUALIFIED AND NON-QUALIFIED QUALIFIED ANNUITY CONTRACTS If you purchase your Contract with proceeds of an eligible rollover distribution from any qualified employee pension plan or retirement savings plan or individual retirement annuity (IRA), your Contract is referred to as a Qualified Contract. Some examples of Qualified Contracts are: IRAs (including Roth IRAs), tax-sheltered annuities established by public school systems or certain tax- exempt organizations under Code Section 403(b), corporate sponsored pension, retirement savings, and profit-sharing plans (including 401(k) plans), Keogh Plans (for self-employed individuals), and certain other qualified deferred compensation plans. Another type of Qualified Contract is a Roth IRA, under which after-tax contributions accumulate until maturity, when amounts (including earnings) may be withdrawn tax-free. The rights and benefits under a Qualified Contract may be limited by the terms of the retirement plan, regardless of the terms and conditions of the Contract. Plan participants making contributions to Qualified Contracts will be subject to the required minimum distribution rules as provided by the Code and described below. All qualified plans (including IRAs) receive tax-deferral under the Code. Although there are no additional tax benefits to funding your qualified plan or IRA with an annuity, it does offer you additional insurance benefits, such as the availability of a guaranteed income for life. The Contract has been submitted to the IRS for review and is awaiting approval as to form as a valid IRA. Such approval would not constitute an IRS approval or endorsement of any funding options under the contract. IRS approval as to form is not required to constitute a valid IRA. Disqualification of the Contract as an IRA could result in the immediate taxation of amounts held in the Contract and other adverse tax consequences. TAXATION OF QUALIFIED ANNUITY CONTRACTS Under a qualified annuity, since amounts paid into the Contract generally have not yet been taxed, the full amount of any distributions (including the amount attributable to Purchase Payments), whether paid in the form of lump sum withdrawals or Annuity Payments, are generally taxed at ordinary income tax rates unless the distribution is transferred to an eligible rollover account or contract. There are special rules which govern the taxation of Qualified Contracts, including withdrawal restrictions, requirements for mandatory distributions, and contribution limits. Amounts rolled over to the Contract from other qualified funding vehicles generally are not subject to current taxation. MANDATORY DISTRIBUTIONS FOR QUALIFIED PLANS Federal tax law requires that minimum annual distributions begin by April 1st of the calendar year following the calendar year in which an IRA owner attains age 70 1/2. Participants in qualified plans and 403(b) annuities may defer minimum distributions until the later of April 1st of the calendar year following the calendar year in which they attain age 70 1/2 or the year of retirement (except for participants who are 5% or more owners of the plan sponsor). If you own more than one individual retirement annuity and/or account, you may satisfy the minimum distribution 40 rules on an aggregate basis (i.e. determine the total amount of required distributions from all IRAs and take the required amount from any one or more IRAs). A similar aggregate approach is available to meet your 403(b) minimum distribution requirements if you have multiple 403(b) annuities. Recently promulgated Treasury regulations changed the distribution requirements; therefore, it is important that you consult your tax adviser as to the impact of these regulations on your personal situation. Final income tax regulations regarding minimum distribution requirements were released in June 2004. These regulations affect both deferred and income annuities. Under these new rules, effective with respect to minimum distributions required for the 2006 distribution year, in general, the value of all benefits under a deferred annuity (including death benefits in excess of cash value, including the Enhanced Stepped-Up Provision, as well as all living benefits such as GMAB and GMWB , if available in your contract) must be added to the Contract Value in computing the amount required to be distributed over the applicable period. We will provide you with additional information as to the amount of your interest in the Contract that is subject to required minimum distributions under this new rule and either compute the required amount for you or offer to do so at your request. The new rules are not entirely clear and you should consult your personal tax advisor as to how these rules affect your Contract. MINIMUM DISTRIBUTIONS FOR BENEFICIARIES UPON THE CONTRACT OWNER'S DEATH: Upon the death of the Contract Owner and/or Annuitant of a Qualified Contract, the funds remaining in the Contract must be completely withdrawn within five years from the date of death or minimum distributions may be taken over the life expectancy of the individual beneficiaries (or in the case of certain trusts that are contract beneficiaries, over the life expectancy of the individuals who are the beneficiaries of the trust), provided such distributions are payable at least annually and begin within one year from the date of death. Special rules apply where the beneficiary is the surviving spouse, which allow the spouse to assume the Contract and defer the minimum distribution requirements. NOTE TO PARTICIPANTS IN QUALIFIED PLANS INCLUDING 401, 403(B), 408 OR 457, INCLUDING IRA OWNERS: While annual plan contribution limits may be increased from time to time by Congress and the IRS for federal income tax purposes, these limits must be adopted by each state for any higher limits to be effective at a state income tax level. In other words, the permissible contribution limits for federal and state income tax purposes may be different. Therefore, in certain states, a portion of the contributions may not be excludible or deductible from state income taxes. Please consult your employer or tax adviser regarding this issue. INDIVIDUAL RETIREMENT ANNUITIES To the extent of earned income for the year and not exceeding the applicable limit for the taxable year, an individual may make contributions, which in some cases may be deductible, to an individual retirement annuity (IRA). The applicable limit is $4,000 in 2007 and $5,000 in 2008, and it may be indexed for inflation in years after 2008. Additional "catch-up contributions" may be made to an IRA by individuals age 50 or over. There are certain limits on the deductible amount based on the adjusted gross income of the individual and spouse and on their participation in a retirement plan. If an individual is married and the spouse is not employed, the individual may establish IRAs for the individual and spouse. Purchase Payments may then be made annually into IRAs for both spouses in the maximum amount of 100% of earned income up to a combined limit based on the individual limits outlined above. Deductible contributions to an IRA and Roth IRA for the year must be aggregated for purposes of the individual Code Section 408A limits and the Code Section 219 limits (age 50+catch-up). Partial or full distributions are treated as ordinary income, except that amounts contributed after 1986 on a non-deductible basis are not includable in income when distributed. An additional tax of 10% will apply to any taxable distribution from the IRA that is received by the participant before the age of 59 1/2 except by reason of death, disability or as part of a series of payments for life or life expectancy. Distributions must commence by April 1st of the calendar year after the close of the calendar year in which the individual attains the age of 70 1/2. Certain other mandatory distribution rules apply on the death of the individual. The individual must maintain personal and tax return records of any non-deductible contributions and distributions. Section 408 (k) of the Code provides for the purchase of a Simplified Employee Pension (SEP) plan. A SEP is funded through an IRA and can accept an annual employer contribution limited to the lesser of $46,000 or 100% of pay for each participant in 2008. 41 ROTH IRAS Effective January 1, 1998, Section 408A of the Code permits certain individuals to contribute to a Roth IRA. Eligibility to make contributions is based upon income, and the applicable limits vary based on marital status and/or whether the contribution is a rollover contribution from another IRA or an annual contribution. Contributions to a Roth IRA, which are subject to certain limitations, (similar to the annual limits for traditional IRAs), are not deductible and must be made in cash or as a rollover or transfer from another Roth IRA or other IRA. A conversion of "traditional" IRA to a Roth IRA may be subject to tax and other special rules apply. You should consult a tax adviser before combining any converted amounts with other Roth IRA contributions, including any other conversion amounts from other tax years. Qualified distributions from a Roth IRA are tax-free. A qualified distribution requires that the Roth IRA has been held for at least 5 years, and the distribution is made after age 59 1/2, on death or disability of the owner, or for a limited amount ($10,000) for a qualified first time home purchase for the owner or certain relatives. Income tax and a 10% penalty tax may apply to distributions made (1) before age 59 1/2 (subject to certain exceptions) or (2) during five taxable years starting with the year in which the first contribution is made to the Roth IRA. TSAS (ERISA AND NON-ERISA) GENERAL. TSAs fall under sec.403(b) of the Code, which provides certain tax benefits to eligible employees of public school systems and organizations that are tax exempt under sec.501(c)(3) of the Code. In general contributions to sec.403(b) arrangements are subject to limitations under sec.415(c) of the Code (the lesser of 100% of includable compensation or the applicable limit for the year). Recently, the IRS announced new regulations affecting sec.403(b) plans and arrangements. As part of these regulations, employers will need to meet certain requirements in order for their employees' annuity contracts that fund these programs to retain a tax deferred status under sec.403(b). These regulations are generally effective January 1, 2009. Prior to the new rules, transfers of one annuity contract to another would not result in a loss of tax deferred status under sec.403(b) under certain conditions (so-called "90-24 transfers"). The new regulations have the following effect regarding transfers: (1) a newly issued contract funded by a transfer which is completed after September 24, 2007, is subject to the employer requirements referred to above; (2) additional purchase payments made after September 24, 2007, to a contract that was funded by a 90-24 transfer on or before September 24, 2007, may subject the contract to this new employer requirement. If your Contract was issued previously in a 90-24 transfer completed on or before September 24, 2007, we urge you to consult with your tax advisor prior to making additional purchase payments (if permitted). WITHDRAWALS AND INCOME PAYMENTS. If you are under 59 1/2, you cannot withdraw money from your TSA Contract unless the withdrawal: - Relates to Purchase Payments made prior to 1989 (and pre-1989 earnings on those Purchase Payments); - Is directly transferred to another permissible investment under sec.403(b) arrangements; - Relates to amounts that are not salary reduction elective deferrals; - Occurs after you die, leave your job or become disabled (as defined by the Code); or - Is for financial hardship (but only to the extent of Purchase Payments) if your plan allows it. DESIGNATED ROTH ACCOUNT FOR 403(B) PLANS. Effective January 1, 2006, employers that established and maintain a TSA/403(b) plan ("the Plan") may also establish a Qualified Roth Contribution Program under Section 402A of the Code ("Designated Roth Accounts") to accept after-tax contributions as part of the TSA plan. In accordance with our administrative procedures, we may permit these contributions to be made as purchase payments to a Section 403(b) Contract under the following conditions: (1) The employer maintaining the plan has demonstrated to our satisfaction that Designated Roth Accounts are permitted under the Plan. 42 (2) In accordance with our administrative procedures, the amount of elective deferrals has been irrevocably designated as an after-tax contribution to the Designated Roth Account. (3) All state regulatory approvals have been obtained to permit the Contract to accept such after-tax elective deferral contributions (and, where permitted under the Qualified Roth Contribution Program and the Contract, rollovers and trustee-to-trustee transfers from other Designated Roth Accounts). (4) In accordance with our procedures and in a form satisfactory to us, we may accept rollovers from other funding vehicles under any Qualified Roth Contribution Program of the same type in which the employee participates as well as trustee-to-trustee transfers from other funding vehicles under the same Qualified Roth Contribution Program for which the participant is making elective deferral contributions to the Contract. (5) No other contribution types (including employer contributions, matching contributions, etc.) will be allowed as designated Roth contributions, unless they become permitted under the Code. (6) If permitted under the federal tax law, we may permit both pre-tax contributions under a 403(b) plan as well as after-tax contributions under the Plan's Qualified Roth Contribution Program to be made under the same Contract as well as rollover contributions and contributions by trustee-to-trustee transfers. In such cases, we will account separately for the designated Roth contributions and the earnings thereon from the contributions and earnings made under the pre-tax TSA plan (whether made as elective deferrals, rollover contributions or trustee-to-trustee transfers). As between the pre-tax or traditional Plan and the Qualified Roth Contribution Program, we will allocate any living benefits or death benefits provided under the Contract on a reasonable basis, as permitted under the tax law. (7) We may refuse to accept contributions made as rollovers and trustee- to-trustee transfers, unless we are furnished with a breakdown as between participant contributions and earnings at the time of the contribution. Many of the federal income tax rules pertaining to Designated Roth Accounts have not yet been finalized. Both you and your employer should consult their own tax and legal advisors prior to making or permitting contributions to be made to a Qualified Roth Contribution Program. The following general tax rules are based on our understanding of the Code and any regulations issued through December 31, 2005, and are subject to change and to different interpretation as well as additional guidance in respect to areas not previously addressed: The employer must permit contributions under a pre-tax 403(b) plan in order to permit contributions to be irrevocably designated and made part of a Qualified Roth Contribution Program. Elective deferral contributions to the Designated Roth Account must be aggregated with all other elective deferral contributions made by a taxpayer for purposes of the individual Code Section 402(g) limits and the Code Section 414(v) limits (relating to age 50 and over catch-up contributions) as well as contribution limits that apply under the Plan. In general, the same tax law rules with respect to restricted monies, triggering events and permitted distributions will apply to the Designated Roth Accounts under the Plan as apply to the traditional pre-tax accounts under the plan (e.g., death or disability of participant, severance from employment, attainment of age 59 1/2 and hardship withdrawals only with respect to contributions (if permitted under the Plan)). If the amounts have been held under any Designated Roth Account of a participant for at least five years and are made on account of death, disability or after attainment of age 59 1/2, then any withdrawal, distribution or payment of these amounts is generally free of federal income tax ("Qualified Distributions"). Unlike Roth IRAs, withdrawal, distributions and payments that do not meet the five year rule will generally be taxed on a pro-rated basis with respect to earnings and after-tax contributions. The 10% penalty tax will generally apply on the same basis as a traditional pre-tax account under the Plan. Additionally, rollover distributions may only be made tax-free into another Designated Roth Account or into a Roth IRA. Some states may not permit contributions to be made to a Qualified Roth Contribution Program or may require additional conforming legislation for these rules to become effective. 43 LOANS. If your TSA Contract permits loans, such loans will be made only from any Fixed Interest Account balance and only up to certain limits. In that case, we credit your Fixed Interest Account balance up to the amount of the outstanding loan balance with a rate of interest that is less than the interest rate we charge for the loan. The Code and applicable income tax regulations limit the amount that may be borrowed from your Contract and all you employer plans in the aggregate and also require that loans be repaid, at a minimum, in scheduled level payments over a proscribed term. Your Contract will indicate whether loans are permitted. The terms of the loan are governed by the Contract and loan agreement. Failure to satisfy loan limits under the Code or to make any scheduled payments according to the terms of your loan agreement and Federal tax law could have adverse tax consequences. Consult a tax advisor and read your loan agreement and Contract prior to taking any loan. NON-QUALIFIED ANNUITY CONTRACTS If you purchase the Contract on an individual basis with after-tax dollars and not under one of the programs described above, your Contract is referred to as non-qualified. As the owner of a non-qualified annuity, you do not receive any tax benefit (deduction or deferral of income) on Purchase Payments, but you will not be taxed on increases in the value of your Contract until a distribution occurs -- either as a withdrawal made prior to the Maturity Date or in the form of periodic Annuity Payments. As a general rule, there is income in the Contract (earnings) to the extent the Contract Value exceeds your investment in the Contract. The investment in the Contract equals the total Purchase Payments less any amount received previously which was excludible from gross income. Generally, different tax rules apply to Annuity Payments than to withdrawals and payments received before the annuity starting date. When a withdrawal is made, you are taxed on the amount of the withdrawal that is considered earnings under federal tax laws. Similarly, when you receive an Annuity Payment, part of each periodic payment is considered a return of your Purchase Payments and will not be taxed, but the remaining portion of the Annuity Payment (i.e., any earnings) will be considered ordinary income for federal income tax purposes. Annuity Payments are subject to an "excludable amount" or "exclusion ratio" which determines how much of each payment is treated as: - a non-taxable return of your Purchase Payment; or - a taxable payment of earnings. We generally will tell you how much of each Annuity Payment is a non-taxable return of your Purchase Payments. However, it is possible that the IRS could conclude that the taxable portion of Annuity Payments under a non-qualified contract is an amount greater (or less) than the taxable amount determined by us and reported by us to you and the IRS. Generally, once the total amount treated as a non-taxable return of your Purchase Payments equals your Purchase Payments, then all remaining payments are fully taxable. We will withhold a portion of the taxable amount of your Annuity Payment for income taxes, unless you elect otherwise. The amount we withhold is determined by the Code. Code Section 72(s) requires that non-qualified annuity contracts meet minimum mandatory distribution requirements upon the death of the Contract Owner, including the death of either of the Joint Owners. If these requirements are not met, the Contract will not be treated as an annuity contract for federal income tax purposes and earnings under the Contract will be taxable currently, not when distributed. The distribution required depends, among other things, upon whether an annuity option is elected or whether the succeeding Contract Owner is the surviving spouse. We will administer contracts in accordance with these rules and we will notify you when you should begin receiving payments. There is a more complete discussion of these rules in the SAI. If a non-qualified annuity is owned by a non-natural person (e.g., a corporation), increases in the value of the Contract attributable to Purchase Payments made after February 28, 1986 are includable in income annually and taxed at ordinary income tax rates. Furthermore, for contracts issued after April 22, 1987, if the Contract is transferred to another person or entity without adequate consideration, all deferred increases in value will be treated as income for federal income tax purposes at the time of the transfer. PARTIAL WITHDRAWALS: If you make a partial withdrawal of your Contract Value, the distribution generally will be taxed as first coming from earnings (income in the Contract) and then from your Purchase Payments. These withdrawn 44 earnings are includable in your taxable income. (See "Penalty Tax for Premature Distributions" below.) Any direct or indirect borrowing against the value of the Contract or pledging of the Contract as security for a loan will be treated as a cash distribution under the tax law, and will have tax consequences in the year taken. It should be noted that there is no guidance as to the determination of the amount of income in a Contract if it is issued with a Guaranteed Minimum Withdrawal Benefit (GMWB). Therefore, you should consult with your tax adviser as to the potential tax consequences of a partial surrender if your Contract is issued with a GMWB. PARTIAL ANNUITIZATIONS (IF AVAILABLE WITH YOUR CONTRACT): At the present time the IRS has not approved the use of an exclusion ratio or exclusion amount when only part of your Contract Value is applied to a payment option. Currently, we will treat the application of less than your entire Contract Value under a Non- qualified Contract to a payment option (i.e. taking Annuity Payments) as a taxable withdrawal for federal income tax purposes (which may also be subject to the 10% penalty tax if you are under age 59 1/2). We will then treat the amount of the withdrawal (after any deductions for taxes) as the purchase price of an income annuity and tax report the income payments received under that annuity under the rules for variable income annuities. Consult your tax attorney prior to partially annuitizing your Contract. We will determine the excludable amount for each income payment under the Contract as a whole by using the rules applicable to variable income payments in general (i.e. by dividing your after-tax purchase price, as adjusted for any refund or guarantee feature, by the number of expected income payments from the appropriate IRS table). However, the IRS may determine that the excludable amount is different from our computation. DIVERSIFICATION REQUIREMENTS FOR VARIABLE ANNUITIES The Code requires that any non-qualified variable annuity contracts based on a Separate Account must meet specific diversification standards. Non-qualified variable annuity contracts shall not be treated as an annuity for federal income tax purposes if investments made in the account are not adequately diversified. Final tax regulations define how Separate Accounts must be diversified. The Company constantly monitors the diversification of investments and believes that its accounts are adequately diversified. The consequence of any failure to diversify is essentially the loss to the Contract Owner of tax-deferred treatment, requiring the current inclusion of a proportionate share of the income and gains from the Separate Account assets in the income of each Contract Owner. The Company intends to administer all contracts subject to this provision of law in a manner that will maintain adequate diversification. OWNERSHIP OF THE INVESTMENTS In certain circumstances, owners of variable annuity contracts have been considered to be the owners of the assets of the underlying Separate Account for federal income tax purposes due to their ability to exercise investment control over those assets. When this is the case, the Contract Owners have been currently taxed on income and gains attributable to the Separate Account assets. There is little guidance in this area, and some features of the Contract, such as the number of funds available and the flexibility of the Contract Owner to allocate premium payments and transfer amounts among the funding options, have not been addressed in public rulings. While we believe that the Contract does not give the Contract Owner investment control over Separate Account assets, we reserve the right to modify the Contract as necessary to prevent a Contract Owner from being treated as the owner of the Separate Account assets supporting the Contract. TAXATION OF DEATH BENEFIT PROCEEDS Amounts may be distributed from a Non-qualified Contract because of the death of an owner or Annuitant. Generally, such amounts are includable in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as a full surrender of the Contract; or (ii) if distributed under a payment option, they are taxed in the same way as Annuity Payments. 45 OTHER TAX CONSIDERATIONS TREATMENT OF CHARGES FOR OPTIONAL BENEFITS The Contract may provide one or more optional enhanced death benefits or other minimum guaranteed benefit that in some cases may exceed the greater of purchase price or the Contract Value. It is possible that the Internal Revenue Service may take the position that the charges for the optional enhanced benefit(s) are deemed to be taxable distributions to you. Although we do not believe that a charge under such optional enhanced benefit should be treated as a taxable withdrawal, you should consult with your tax adviser before selecting any rider or endorsement to the Contract. GUARANTEED MINIMUM WITHDRAWAL BENEFITS If you have purchased the Guaranteed Minimum Withdrawal Benefit Rider, where otherwise made available, note the following: The tax treatment of withdrawals under such a benefit is uncertain. It is conceivable that the amount of potential gain could be determined based on the remaining amounts guaranteed to be available for withdrawal at the time of the withdrawal if greater than the Contract Value. This could result in a greater amount of taxable income in certain cases. In general, at the present time, the Company intends to tax report such withdrawals using the Contract Value rather than the remaining benefit to determine gain. However, in cases where the maximum permitted withdrawal in any year under any version of the GMWB exceeds the Contract Value, the portion of the withdrawal treated as taxable gain (not to exceed the amount of the withdrawal) should be measured as the difference between the maximum permitted withdrawal amount under the benefit and the remaining after-tax basis immediately preceding the withdrawal. In the event that the Contract Value goes to zero, and the Remaining Benefit Base is paid out in fixed installments, we will treat such payments as income annuity payments under the tax law and allow recovery of any remaining basis ratably over the expected number of payments. The Company reserves the right to change its tax reporting practices where it determines they are not in accordance with IRS guidance (whether formal or informal). PUERTO RICO TAX CONSIDERATIONS The Puerto Rico Internal Revenue Code of 1994 (the "1994 Code") taxes distributions from non-qualified annuity contracts differently than in the U.S. Distributions that are not in the form of an annuity (including partial surrenders and period certain payments) are treated under the 1994 Code first as a return of investment. Therefore, a substantial portion of the amounts distributed generally will be excluded from gross income for Puerto Rico tax purposes until the cumulative amount paid exceeds your tax basis. The amount of income on annuity distributions (payable over your lifetime) is also calculated differently under the 1994 Code. Since Puerto Rico residents are also subject to U.S. income tax on all income other than income sourced to Puerto Rico and the Internal Revenue Service issued guidance in 2004 which indicated that the income from an annuity contract issued by a U.S. life insurer would be considered U.S. source income, the timing of recognition of income from an annuity contract could vary between the two jurisdictions. Although the 1994 Code provides a credit against the Puerto Rico income tax for U.S. income taxes paid, an individual may not get full credit because of the timing differences. You should consult with a personal tax adviser regarding the tax consequences of purchasing an annuity contract and/or any proposed distribution, particularly a partial distribution or election to annuitize. NON-RESIDENT ALIENS Distributions to non resident aliens ("NRAs") are subject to special and complex tax and withholding rules under the Code with respect to U.S. source income, some of which are based upon the particular facts and circumstances of the Contract Owner, the beneficiary and the transaction itself. As stated above, the IRS has taken the position that income from the Contract received by NRAs is considered U.S. source income. In addition, Annuity Payments to NRAs in many countries are exempt from U.S. tax (or subject to lower rates) based upon a tax treaty, provided that 46 the Contract Owner complies with the applicable requirements. NRAs should seek guidance from a tax adviser regarding their personal situation. TAX CREDITS AND DEDUCTIONS The Company may be entitled to certain tax benefits related to the assets of the Separate Account. These tax benefits, which may include foreign tax credits and corporate dividend received deductions, are not passed back to the Separate Account or to Contract Owners since the Company is the owner of the assets from which the tax benefits are derived. OTHER INFORMATION - -------------------------------------------------------------------------------- THE INSURANCE COMPANY Please refer to your Contract to determine which Company issued your Contract. MetLife Insurance Company of Connecticut is a stock insurance company chartered in 1863 in Connecticut and continuously engaged in the insurance business since that time. It is licensed to conduct life insurance business in all states of the United States, the District of Columbia, Puerto Rico, Guam, the U.S. and British Virgin Islands and the Bahamas. The Company is a wholly-owned subsidiary of MetLife, Inc., a publicly-traded company. MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers. The Company's Home Office is located at One Cityplace, Hartford, Connecticut 06103-3415. Before December 7, 2007, certain of the Contracts were issued by MetLife Life and Annuity Company of Connecticut, a stock life insurance company chartered in 1973 in Connecticut. These Contracts were funded through MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002, a separate account registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended. On December 7, 2007, MLACC, a wholly-owned subsidiary of the Company and an indirect, wholly-owned subsidiary of MetLife, Inc., merged with and into the Company. Upon consummation of the merger, MLACC's corporate existence ceased by operation of law, and the Company assumed legal ownership of all of the assets of MLACC, including MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 and its assets. Pursuant to the merger, therefore, MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 became a separate account of the Company. As a result of the merger, the Company also has become responsible for all of MLACC's liabilities and obligations, including those created under the Contract as initially issued by MLACC (formerly known as The Travelers Life and Annuity Company) and outstanding on the date of the merger. The Contract has thereby become a variable contract funded by a separate account of the Company, and each owner thereof has become a Contract Owner of the Company. FINANCIAL STATEMENTS The financial statements for the Company and its Separate Account MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 are located in the Statement of Additional Information. The financial statements for the Separate Account MetLife Life and Annuity Company of Connecticut Variable Annuity Separate Account 2002 are attached. DISTRIBUTION OF VARIABLE ANNUITY CONTRACTS DISTRIBUTION AND PRINCIPAL UNDERWRITING AGREEMENT. MetLife Insurance Company of Connecticut (the "Company") has appointed MetLife Investors Distribution Company ("MLIDC") to serve as the principal underwriter and distributor of the securities offered through this Prospectus, pursuant to the terms of a Distribution and Principal Underwriting Agreement. MLIDC, which is an affiliate of the Company, also acts as the principal underwriter and distributor of other variable annuity contracts and variable life insurance policies issued by the Company and its affiliated companies. The Company reimburses MLIDC for expenses MLIDC incurs in distributing the Contracts (e.g. 47 commissions payable to retail broker-dealers who sell the Contracts). MLIDC does not retain any fees under the Contracts; however, MLIDC may receive 12b-1 fees from the Underlying Funds. MLIDC's principal executive offices are located at 5 Park Plaza, Suite 1900, Irvine, California 92614. MLIDC is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as well as the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority (FINRA). An investor brochure that includes information describing FINRA's Public Disclosure Program is available by calling FINRA's Public Disclosure Program hotline at 1- 800-289-9999, or by visiting FINRA's website at www.finra.org. MLIDC and the Company enter into selling agreements with affiliated and unaffiliated broker-dealers who are registered with the SEC and are members of FINRA, and with entities that may offer the Contracts but are exempt from registration. Applications for the Contract are solicited by registered representatives who are associated persons of such affiliated or unaffiliated broker-dealer firms. Such representatives act as appointed agents of the Company under applicable state insurance law and must be licensed to sell variable insurance products. The Company no longer offers the Contracts to new purchasers but it continues to accept Purchase Payments from Contract Owners. COMPENSATION. Broker-dealers who have selling agreements with MLIDC and the Company are paid compensation for the promotion and sale of the Contracts. Registered representatives who solicit sales of the Contract typically receive a portion of the compensation payable to the broker-dealer firm. The amount the registered representative receives depends on the agreement between the firm and the registered representative. This agreement may also provide for the payment of other types of cash and non-cash compensation and other benefits. A broker- dealer firm or registered representative of a firm may receive different compensation for selling one product over another and/or may be inclined to favor one product provider over another product provider due to differing compensation rates. We generally pay compensation as a percentage of purchase payments invested in the Contract. Alternatively, we may pay lower compensation on purchase payments but pay periodic asset-based compensation based on all or a portion of the Contract Value. The amount and timing of compensation may vary depending on the selling agreement but is not expected to exceed 7.50% of Purchase Payments (if up-front compensation is paid to registered representatives) and up to 1.50% annually of average Contract Value (if asset-based compensation is paid to registered representatives). The Company and MLIDC have also entered into preferred distribution arrangements with certain broker-dealer firms. These arrangements are sometimes called "shelf space" arrangements. Under these arrangements, the Company and MLIDC pay separate, additional compensation to the broker-dealer firm for services the broker-dealer provides in connection with the distribution of the Company's products. These services may include providing the Company with access to the distribution network of the broker-dealer, the hiring and training of the broker-dealer's sales personnel, the sponsoring of conferences and seminars by the broker-dealer, or general marketing services performed by the broker-dealer. The broker-dealer may also provide other services or incur other costs in connection with distributing the Company's products. These preferred distribution arrangements will not be offered to all broker- dealer firms and the terms of such arrangements may differ between broker-dealer firms. Compensation payable under such arrangements may be based on aggregate, net or anticipated sales of the Contracts, total assets attributable to sales of the Contract by registered representatives of the broker-dealer firm or based on the length of time that a Contract Owner has owned the Contract. Any such compensation payable to a broker-dealer firm will be made by MLIDC or the Company out of their own assets and will not result in any additional direct charge to you. Such compensation may cause the broker-dealer firm and its registered representatives to favor the Company's products. The Company and MLIDC have entered into selling agreements with certain broker- dealer firms that have an affiliate that acts as investment adviser or sub- adviser to one or more Underlying Funds that may be offered under the Contracts. These investment advisory firms include Fidelity Management & Research Company, Morgan Stanley Investment Advisers Inc., MetLife Investment Funds Management LLC, MetLife Advisers, LLC and Met Investors Advisory LLC. MetLife Investment Funds Management LLC, MetLife Advisers LLC and Met Investors Advisory LLC are affiliates of the Company. Registered representatives of broker-dealer firms with an affiliated company acting as an adviser or a sub-adviser may favor these Funds when offering the Contracts. 48 CONFORMITY WITH STATE AND FEDERAL LAWS The laws of the state in which we deliver a contract govern that Contract. Where a state has not approved a contract feature or funding option, it will not be available in that state. Any paid-up annuity, Cash Surrender Value or death benefits that are available under the Contract are not less than the minimum benefits required by the statutes of the state in which we delivered the Contract. We reserve the right to make any changes, including retroactive changes, in the Contract to the extent that the change is required to meet the requirements of any law or regulation issued by any governmental agency to which the Company, the Contract or the Contract Owner is subject. VOTING RIGHTS The Company is the legal owner of the shares of the Underlying Funds. However, we believe that when an Underlying Fund solicits proxies in conjunction with a vote of shareholders we are required to obtain from you and from other owners instructions on how to vote those shares. We will vote all shares, including those we may own on our own behalf, and those where we have not received instructions from Contract Owners, in the same proportion as shares for which we received voting instructions. The effect of this proportional voting is that a small number of Contract Owners may control the outcome of a vote. Should we determine that we are no longer required to comply with the above, we will vote the shares in our own right. In certain limited circumstances, and when permitted by law, we may disregard voting instructions. If we do disregard voting instructions, a summary of that action and the reasons for such action would be included in the next annual report to Contract Owners. RESTRICTIONS ON FINANCIAL TRANSACTIONS Federal laws designed to counter terrorism and prevent money laundering might, in certain circumstances, require us to block a Contract Owner's ability to make certain transactions and thereby refuse to accept any request for transfers, withdrawals, surrenders, or death benefits, until the instructions are received from the appropriate regulator. We may also be required to provide additional information about you and your Contract to government regulators. LEGAL PROCEEDINGS In the ordinary course of business, the Company, similar to other life insurance companies, is involved in lawsuits (including class action lawsuits), arbitrations and other legal proceedings. Also, from time to time, state and federal regulators or other officials conduct formal and informal examinations or undertake other actions dealing with various aspects of the financial services and insurance industries. In some legal proceedings involving insurers, substantial damages have been sought and/or material settlement payments have been made. It is not possible to predict with certainty the ultimate outcome of any pending legal proceeding or regulatory action. However, the Company does not believe any such action or proceeding will have a material adverse effect upon the Separate Account or upon the ability of MLIDC to perform its contract with the Separate Account or of the Company to meet its obligations under the Contracts. 49 THIS PAGE INTENTIONALLY LEFT BLANK. APPENDIX A - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE INSURANCE COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are included in the Statement of Additional Information ("SAI"). The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.832 2.170 -- 2006 1.486 1.832 -- 2005 1.295 1.486 -- 2004 1.067 1.295 -- 2003 1.000 1.067 -- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.157 1.163 -- 2005 1.089 1.157 3,827 2004 1.063 1.089 3,832 2003 1.000 1.063 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.558 2.038 -- 2006 1.333 1.558 -- 2005 1.189 1.333 -- 2004 1.122 1.189 -- 2003 1.000 1.122 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.650 2.775 -- 2006 2.036 2.650 -- 2005 1.620 2.036 -- 2004 1.321 1.620 -- 2003 1.000 1.321 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.822 1.718 -- 2006 1.638 1.822 -- 2005 1.436 1.638 -- 2004 1.239 1.436 -- 2003 1.000 1.239 --
A-1 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.489 1.482 -- 2006 1.408 1.489 -- 2005 1.316 1.408 -- 2004 1.173 1.316 -- 2003 1.000 1.173 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.273 1.344 -- 2006 1.190 1.273 -- 2005 1.172 1.190 -- 2004 1.126 1.172 -- 2003 1.000 1.126 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.139 1.173 -- 2006 1.006 1.139 -- 2005 1.000 1.006 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.203 1.810 -- 2006 1.635 2.203 -- 2005 1.496 1.635 -- 2004 1.165 1.496 -- 2003 1.000 1.165 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.021 1.040 -- 2006 0.996 1.021 -- 2005 1.000 0.996 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.335 1.471 -- 2006 1.257 1.335 -- 2005 1.179 1.257 -- 2004 1.116 1.179 -- 2003 1.000 1.116 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.106 2.252 6,555 2006 1.759 2.106 6,559 2005 1.517 1.759 6,563 2004 1.254 1.517 3,123 2003 1.000 1.254 --
A-2 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.406 1.395 -- 2006 1.264 1.406 -- 2005 1.217 1.264 -- 2004 1.129 1.217 -- 2003 1.000 1.129 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.329 1.473 -- 2006 1.279 1.329 -- 2005 1.205 1.279 -- 2004 1.124 1.205 -- 2003 1.000 1.124 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.896 2.127 -- 2006 1.539 1.896 -- 2005 1.354 1.539 -- 2004 1.186 1.354 -- 2003 1.000 1.186 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.210 1.266 -- 2005 1.238 1.210 3,530 2004 1.130 1.238 3,534 2003 1.000 1.130 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.432 1.578 -- 2005 1.288 1.432 -- 2004 1.176 1.288 -- 2003 1.000 1.176 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.224 1.255 -- 2006 1.134 1.224 -- 2005 1.112 1.134 -- 2004 1.064 1.112 -- 2003 1.000 1.064 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.600 1.621 -- 2006 1.414 1.600 -- 2005 1.313 1.414 -- 2004 1.157 1.313 -- 2003 1.000 1.157 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.160 1.193 -- 2006 1.086 1.160 -- 2005 1.059 1.086 -- 2004 1.000 1.059 --
A-3 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.032 1.052 -- 2006 1.012 1.032 -- 2005 1.011 1.012 -- 2004 0.989 1.011 -- 2003 1.000 0.989 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.528 1.563 3,373 2006 1.361 1.528 3,376 2005 1.268 1.361 3,381 2004 1.159 1.268 3,385 2003 1.000 1.159 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.592 1.529 31,504 2006 1.371 1.592 31,507 2005 1.299 1.371 28,506 2004 1.164 1.299 -- 2003 1.000 1.164 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.656 2.027 -- 2005 1.536 1.656 -- 2004 1.246 1.536 -- 2003 1.000 1.246 -- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.132 1.358 -- 2005 1.054 1.132 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 2.032 2.113 -- 2006 1.596 2.032 -- 2005 1.326 1.596 -- 2004 1.181 1.326 -- 2003 1.000 1.181 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.035 1.072 -- 2006 1.016 1.035 -- 2005 1.011 1.016 -- 2004 0.996 1.011 -- 2003 1.000 0.996 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.262 1.309 -- 2006 1.141 1.262 -- 2005 1.096 1.141 -- 2004 1.000 1.096 --
A-4 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.321 1.305 -- 2006 1.222 1.321 -- 2005 1.203 1.222 -- 2004 1.093 1.203 -- 2003 1.000 1.093 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.060 1.078 -- 2005 1.042 1.060 -- 2004 1.000 1.042 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.245 1.245 -- 2005 1.224 1.245 -- 2004 1.133 1.224 -- 2003 1.000 1.133 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.927 2.199 3,824 2006 1.569 1.927 3,824 2005 1.401 1.569 3,824 2004 1.211 1.401 -- 2003 1.000 1.211 -- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.423 1.484 4,446 2006 1.341 1.423 4,446 2005 1.223 1.341 4,446 2004 1.121 1.223 -- 2003 1.000 1.121 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.288 1.273 -- 2005 1.225 1.288 -- 2004 1.111 1.225 -- 2003 1.000 1.111 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.150 1.274 -- 2005 1.037 1.150 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.412 1.563 3,412 2006 1.250 1.412 3,416 2005 1.253 1.250 3,420 2004 1.163 1.253 3,425 2003 1.000 1.163 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.264 1.300 -- 2005 1.295 1.264 -- 2004 1.123 1.295 -- 2003 1.000 1.123 --
A-5 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.451 1.537 -- 2006 1.336 1.451 -- 2005 1.186 1.336 -- 2004 1.166 1.186 -- 2003 1.000 1.166 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.211 1.249 -- 2006 1.111 1.211 -- 2005 1.077 1.111 -- 2004 1.000 1.077 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.008 1.036 -- 2006 0.984 1.008 -- 2005 0.978 0.984 -- 2004 0.991 0.978 -- 2003 1.000 0.991 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.110 1.133 -- 2005 1.184 1.110 -- 2004 1.195 1.184 -- 2003 1.000 1.195 -- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.328 1.380 -- 2006 1.290 1.328 -- 2005 1.231 1.290 -- 2004 1.134 1.231 -- 2003 1.000 1.134 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.121 1.157 -- 2006 1.049 1.121 -- 2005 1.048 1.049 -- 2004 0.986 1.048 -- 2003 1.000 0.986 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.213 1.356 -- 2006 1.230 1.213 -- 2005 1.213 1.230 -- 2004 1.217 1.213 -- 2003 1.000 1.217 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.503 1.848 -- 2006 1.441 1.503 -- 2005 1.319 1.441 -- 2004 1.214 1.319 -- 2003 1.000 1.214 --
A-6 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.757 3.470 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.070 1.094 4,427 2006 1.000 1.070 4,432
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.352 1.588 -- 2006 1.107 1.352 -- 2005 1.000 1.107 -- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.070 1.072 -- 2005 1.000 1.070 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.316 1.705 -- 2006 1.136 1.316 -- 2005 1.000 1.136 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 1.566 1.634 -- 2006 1.214 1.566 -- 2005 1.000 1.214 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.232 1.152 -- 2006 1.118 1.232 -- 2005 1.000 1.118 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.119 1.104 -- 2006 1.068 1.119 -- 2005 1.000 1.068 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.083 1.133 -- 2006 1.021 1.083 -- 2005 1.000 1.021 --
A-7 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.126 1.149 -- 2006 1.004 1.126 -- 2005 1.000 1.004 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 1.509 1.228 -- 2006 1.130 1.509 -- 2005 1.000 1.130 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.007 1.017 -- 2006 0.992 1.007 -- 2005 1.000 0.992 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.120 1.222 -- 2006 1.063 1.120 -- 2005 1.000 1.063 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 1.340 1.421 -- 2006 1.130 1.340 -- 2005 1.000 1.130 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.139 1.119 -- 2006 1.033 1.139 -- 2005 1.000 1.033 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.107 1.216 -- 2006 1.075 1.107 -- 2005 1.000 1.075 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.379 1.533 -- 2006 1.129 1.379 -- 2005 1.000 1.129 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 0.985 1.023 -- 2005 1.000 0.985 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.111 1.214 -- 2005 1.000 1.111 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.080 1.098 -- 2006 1.011 1.080 -- 2005 1.000 1.011 --
A-8 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.200 1.205 -- 2006 1.070 1.200 -- 2005 1.000 1.070 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.074 1.094 -- 2006 1.014 1.074 -- 2005 1.000 1.014 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 0.994 1.003 -- 2006 0.983 0.994 -- 2005 1.000 0.983 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.171 1.187 -- 2006 1.052 1.171 -- 2005 1.000 1.052 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.190 1.133 -- 2006 1.035 1.190 -- 2005 1.000 1.035 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.073 1.302 -- 2005 1.000 1.073 -- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.058 1.259 -- 2005 1.017 1.058 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.489 1.533 -- 2006 1.179 1.489 -- 2005 1.000 1.179 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.001 1.028 -- 2006 0.991 1.001 -- 2005 1.000 0.991 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.135 1.166 -- 2006 1.035 1.135 -- 2005 1.000 1.035 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.067 1.044 -- 2006 0.995 1.067 -- 2005 1.000 0.995 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.004 1.015 -- 2005 1.000 1.004 --
A-9 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.017 1.017 -- 2005 1.000 1.017 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.360 1.538 -- 2006 1.117 1.360 -- 2005 1.000 1.117 -- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.149 1.188 -- 2006 1.093 1.149 -- 2005 1.000 1.093 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.066 1.044 -- 2005 1.000 1.066 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.092 1.200 -- 2005 1.018 1.092 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.100 1.208 -- 2006 0.983 1.100 -- 2005 1.000 0.983 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 0.993 1.015 -- 2005 1.000 0.993 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.192 1.252 -- 2006 1.107 1.192 -- 2005 1.000 1.107 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.105 1.130 -- 2006 1.023 1.105 -- 2005 1.000 1.023 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.013 1.032 -- 2006 0.998 1.013 -- 2005 1.000 0.998 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 0.978 0.990 -- 2005 1.000 0.978 -- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.057 1.088 -- 2006 1.036 1.057 -- 2005 1.000 1.036 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.042 1.065 -- 2006 0.984 1.042 -- 2005 1.000 0.984 --
A-10 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.025 1.136 -- 2006 1.049 1.025 -- 2005 1.000 1.049 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.123 1.368 -- 2006 1.087 1.123 -- 2005 1.000 1.087 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 1.624 2.031 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.063 1.078 -- 2006 1.000 1.063 --
The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 04/29/2005, Scudder Variable Series I-21st Century Growth Portfolio merged into Scudder Variable Series II-Scudder Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-Scudder Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Eagle Focused Large Cap Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Focused Vale and Growth Portfolio merged into Scudder Variable Series I-Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 09/19/2005, Scudder Variable Series II-SVS Index 500 Portfolio merged into Scudder Investments VIT Funds-Scudder VIT Equity Index 500 Fund and is no longer available as a funding option. Effective on or about 05/01/2006, The Alger American Fund-Alger American Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Dreman Financial Services VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Income Allocation VIP merged into DWS Variable Series II-DWS Conservative Allocation VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS MFS(R) Strategic Value VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Janus Growth Opportunities VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. A-11 Effective on or about 12/11/2006, DWS Variable Series II-DWS Legg Mason Aggressive Growth VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Mercury Large Cap Core VIP merged into DWS Variable Series I-DWS Growth & Income VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Oak Strategic Equity VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Templeton Foreign Value VIP merged into DWS Variable Series I-DWS International VIP and is no longer available as a funding option. Effective on or about 04/30/2007, Credit Suisse Trust-Credit Suisse Trust Emerging Markets Portfolio was replaced by Met Investors Series Trust-MFS(R) Emerging Markets Equity Portfolio and is no longer available as a funding option. A-12 APPENDIX B - -------------------------------------------------------------------------------- CONDENSED FINANCIAL INFORMATION FOR METLIFE LIFE AND ANNUITY COMPANY OF CT VARIABLE ANNUITY SEPARATE ACCOUNT 2002 ACCUMULATION UNIT VALUES (IN DOLLARS) The following Accumulation Unit Value ("AUV") information should be read in conjunction with the Separate Account's audited financial statement and notes, which are attached. The first table provides the AUV information for the MINIMUM Separate Account Charge available under the contract. The second table provides the AUV information for the MAXIMUM Separate Account Charge available under the contract. Please refer to the Fee Table section of this prospectus for more information on Separate Account Charges. SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (9/03)............... 2007 1.832 2.170 -- 2006 1.486 1.832 -- 2005 1.295 1.486 -- 2004 1.067 1.295 -- 2003 1.000 1.067 -- Alger American Fund Alger American Balanced Subaccount (Class S) (7/03)............................................. 2006 1.157 1.163 -- 2005 1.089 1.157 -- 2004 1.063 1.089 -- 2003 1.000 1.063 -- Alger American Leveraged AllCap Subaccount (Class S) (9/03).......................................... 2007 1.558 2.038 -- 2006 1.333 1.558 -- 2005 1.189 1.333 -- 2004 1.122 1.189 -- 2003 1.000 1.122 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (9/03)............................................. 2007 2.650 2.775 -- 2006 2.036 2.650 -- 2005 1.620 2.036 -- 2004 1.321 1.620 -- 2003 1.000 1.321 -- Credit Suisse Trust Global Small Cap Subaccount (11/03)............................................ 2007 1.822 1.718 -- 2006 1.638 1.822 -- 2005 1.436 1.638 -- 2004 1.239 1.436 -- 2003 1.000 1.239 --
B-1 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (7/03)............................................. 2007 1.489 1.482 -- 2006 1.408 1.489 -- 2005 1.316 1.408 -- 2004 1.173 1.316 -- 2003 1.000 1.173 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (12/03)........................... 2007 1.273 1.344 -- 2006 1.190 1.273 -- 2005 1.172 1.190 -- 2004 1.126 1.172 -- 2003 1.000 1.126 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.139 1.173 -- 2006 1.006 1.139 -- 2005 1.000 1.006 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (7/03)................................... 2007 2.203 1.810 5,781 2006 1.635 2.203 12,413 2005 1.496 1.635 13,472 2004 1.165 1.496 14,206 2003 1.000 1.165 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (1/70).............. 2007 1.021 1.040 -- 2006 0.996 1.021 -- 2005 1.000 0.996 -- DWSI Capital Growth Subaccount (Class B) (7/03).... 2007 1.335 1.471 -- 2006 1.257 1.335 6,126 2005 1.179 1.257 -- 2004 1.116 1.179 -- 2003 1.000 1.116 -- DWSI Global Opportunities Subaccount (Class B) (7/03)............................................. 2007 2.106 2.252 -- 2006 1.759 2.106 -- 2005 1.517 1.759 -- 2004 1.254 1.517 -- 2003 1.000 1.254 --
B-2 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Growth & Income Subaccount (Class B) (8/03)... 2007 1.406 1.395 -- 2006 1.264 1.406 -- 2005 1.217 1.264 -- 2004 1.129 1.217 -- 2003 1.000 1.129 -- DWSI Health Care Subaccount (Class B) (7/03)....... 2007 1.329 1.473 -- 2006 1.279 1.329 -- 2005 1.205 1.279 -- 2004 1.124 1.205 -- 2003 1.000 1.124 -- DWSI International Subaccount (Class B) (7/03)..... 2007 1.896 2.127 -- 2006 1.539 1.896 -- 2005 1.354 1.539 -- 2004 1.186 1.354 -- 2003 1.000 1.186 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (9/03).......................................... 2006 1.210 1.266 -- 2005 1.238 1.210 7,955 2004 1.130 1.238 8,519 2003 1.000 1.130 -- DWSII All Cap Growth Subaccount (Class B) (9/03)... 2006 1.432 1.578 -- 2005 1.288 1.432 3,935 2004 1.176 1.288 4,074 2003 1.000 1.176 -- DWSII Balanced Subaccount (Class B) (7/03)......... 2007 1.224 1.255 -- 2006 1.134 1.224 -- 2005 1.112 1.134 -- 2004 1.064 1.112 -- 2003 1.000 1.064 -- DWSII Blue Chip Subaccount (Class B) (7/03)........ 2007 1.600 1.621 -- 2006 1.414 1.600 -- 2005 1.313 1.414 -- 2004 1.157 1.313 -- 2003 1.000 1.157 -- DWSII Conservative Allocation Subaccount (Class B) (10/04)............................................ 2007 1.160 1.193 -- 2006 1.086 1.160 -- 2005 1.059 1.086 -- 2004 1.021 1.059 --
B-3 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Core Fixed Income Subaccount (Class B) (7/03)............................................. 2007 1.032 1.052 14,653 2006 1.012 1.032 23,110 2005 1.011 1.012 25,497 2004 0.989 1.011 27,046 2003 1.000 0.989 -- DWSII Davis Venture Value Subaccount (Class B) (7/03)............................................. 2007 1.528 1.563 -- 2006 1.361 1.528 -- 2005 1.268 1.361 -- 2004 1.159 1.268 -- 2003 1.000 1.159 -- DWSII Dreman High Return Equity Subaccount (Class B) (7/03).......................................... 2007 1.592 1.529 16,685 2006 1.371 1.592 25,378 2005 1.299 1.371 -- 2004 1.164 1.299 -- 2003 1.000 1.164 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (7/03).......................................... 2006 1.656 2.027 -- 2005 1.536 1.656 -- 2004 1.246 1.536 -- 2003 1.000 1.246 -- DWSII Foreign Value Subaccount (Class B) (11/04)... 2006 1.132 1.358 -- 2005 1.054 1.132 -- 2004 1.000 1.054 -- DWSII Global Thematic Subaccount (Class B) (8/03).. 2007 2.032 2.113 -- 2006 1.596 2.032 -- 2005 1.326 1.596 -- 2004 1.181 1.326 -- 2003 1.000 1.181 -- DWSII Government & Agency Securities Subaccount (Class B) (7/03)................................... 2007 1.035 1.072 -- 2006 1.016 1.035 -- 2005 1.011 1.016 -- 2004 0.996 1.011 -- 2003 1.000 0.996 -- DWSII Growth Allocation Subaccount (Class B) (10/04)............................................ 2007 1.262 1.309 -- 2006 1.141 1.262 -- 2005 1.096 1.141 -- 2004 1.033 1.096 --
B-4 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII High Income Subaccount (Class B) (7/03)...... 2007 1.321 1.305 10,046 2006 1.222 1.321 19,339 2005 1.203 1.222 21,104 2004 1.093 1.203 22,294 2003 1.000 1.093 -- DWSII Income Allocation Subaccount (Class B) (10/04)............................................ 2006 1.060 1.078 -- 2005 1.042 1.060 -- 2004 1.018 1.042 -- DWSII Index 500 Subaccount (Class B) (10/03)....... 2006 1.245 1.245 -- 2005 1.224 1.245 -- 2004 1.133 1.224 -- 2003 1.000 1.133 -- DWSII International Select Equity Subaccount (Class B) (7/03).......................................... 2007 1.927 2.199 -- 2006 1.569 1.927 -- 2005 1.401 1.569 -- 2004 1.211 1.401 -- 2003 1.000 1.211 -- DWSII Janus Growth & Income Subaccount (Class B) (7/03)............................................. 2007 1.423 1.484 -- 2006 1.341 1.423 -- 2005 1.223 1.341 -- 2004 1.121 1.223 -- 2003 1.000 1.121 -- DWSII Janus Growth Opportunities Subaccount (Class B) (10/03)......................................... 2006 1.288 1.273 -- 2005 1.225 1.288 -- 2004 1.111 1.225 -- 2003 1.000 1.111 -- DWSII Large Cap Core Subaccount (Class B) (11/04).. 2006 1.150 1.274 -- 2005 1.037 1.150 -- 2004 1.000 1.037 -- DWSII Large Cap Value Subaccount (Class B) (7/03).. 2007 1.412 1.563 15,828 2006 1.250 1.412 23,337 2005 1.253 1.250 25,864 2004 1.163 1.253 27,488 2003 1.000 1.163 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (7/03)............................................. 2006 1.264 1.300 -- 2005 1.295 1.264 24,351 2004 1.123 1.295 25,794 2003 1.000 1.123 --
B-5 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Mid Cap Growth Subaccount (Class B) (7/03)... 2007 1.451 1.537 -- 2006 1.336 1.451 -- 2005 1.186 1.336 -- 2004 1.166 1.186 -- 2003 1.000 1.166 -- DWSII Moderate Allocation Subaccount (Class B) (9/04)............................................. 2007 1.211 1.249 -- 2006 1.111 1.211 -- 2005 1.077 1.111 -- 2004 1.020 1.077 -- DWSII Money Market Subaccount (Class B) (7/03)..... 2007 1.008 1.036 -- 2006 0.984 1.008 -- 2005 0.978 0.984 -- 2004 0.991 0.978 -- 2003 1.000 0.991 -- DWSII Oak Strategic Equity Subaccount (Class B) (7/03)............................................. 2006 1.110 1.133 -- 2005 1.184 1.110 2,035 2004 1.195 1.184 2,107 2003 1.000 1.195 -- DWSII Small Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.328 1.380 -- 2006 1.290 1.328 -- 2005 1.231 1.290 -- 2004 1.134 1.231 -- 2003 1.000 1.134 -- DWSII Strategic Income Subaccount (Class B) (7/03)............................................. 2007 1.121 1.157 -- 2006 1.049 1.121 -- 2005 1.048 1.049 -- 2004 0.986 1.048 -- 2003 1.000 0.986 -- DWSII Technology Subaccount (Class B) (7/03)....... 2007 1.213 1.356 -- 2006 1.230 1.213 -- 2005 1.213 1.230 -- 2004 1.217 1.213 -- 2003 1.000 1.217 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.503 1.848 -- 2006 1.441 1.503 -- 2005 1.319 1.441 -- 2004 1.214 1.319 -- 2003 1.000 1.214 --
B-6 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 1.80% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.757 3.470 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.070 1.094 -- 2006 1.000 1.070 --
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (9/03)............... 2007 1.352 1.588 -- 2006 1.107 1.352 -- 2005 1.000 1.107 -- Alger American Fund Alger American Balanced Subaccount (Class S) (7/03)............................................. 2006 1.070 1.072 -- 2005 1.000 1.070 -- Alger American Leveraged AllCap Subaccount (Class S) (9/03).......................................... 2007 1.316 1.705 -- 2006 1.136 1.316 -- 2005 1.000 1.136 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (9/03)............................................. 2007 1.566 1.634 -- 2006 1.214 1.566 -- 2005 1.000 1.214 -- Credit Suisse Trust Global Small Cap Subaccount (11/03)............................................ 2007 1.232 1.152 -- 2006 1.118 1.232 -- 2005 1.000 1.118 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (7/03)............................................. 2007 1.119 1.104 -- 2006 1.068 1.119 -- 2005 1.000 1.068 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (12/03)........................... 2007 1.083 1.133 -- 2006 1.021 1.083 -- 2005 1.000 1.021 --
B-7 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.126 1.149 -- 2006 1.004 1.126 -- 2005 1.000 1.004 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (7/03)................................... 2007 1.509 1.228 -- 2006 1.130 1.509 -- 2005 1.000 1.130 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (1/70).............. 2007 1.007 1.017 -- 2006 0.992 1.007 -- 2005 1.000 0.992 -- DWSI Capital Growth Subaccount (Class B) (7/03).... 2007 1.120 1.222 -- 2006 1.063 1.120 -- 2005 1.000 1.063 -- DWSI Global Opportunities Subaccount (Class B) (7/03)............................................. 2007 1.340 1.421 -- 2006 1.130 1.340 -- 2005 1.000 1.130 -- DWSI Growth & Income Subaccount (Class B) (8/03)... 2007 1.139 1.119 -- 2006 1.033 1.139 -- 2005 1.000 1.033 -- DWSI Health Care Subaccount (Class B) (7/03)....... 2007 1.107 1.216 -- 2006 1.075 1.107 -- 2005 1.000 1.075 -- DWSI International Subaccount (Class B) (7/03)..... 2007 1.379 1.533 -- 2006 1.129 1.379 -- 2005 1.000 1.129 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (9/03).......................................... 2006 0.985 1.023 -- 2005 1.000 0.985 -- DWSII All Cap Growth Subaccount (Class B) (9/03)... 2006 1.111 1.214 -- 2005 1.000 1.111 -- DWSII Balanced Subaccount (Class B) (7/03)......... 2007 1.080 1.098 -- 2006 1.011 1.080 -- 2005 1.000 1.011 --
B-8 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Blue Chip Subaccount (Class B) (7/03)........ 2007 1.200 1.205 -- 2006 1.070 1.200 -- 2005 1.000 1.070 -- DWSII Conservative Allocation Subaccount (Class B) (10/04)............................................ 2007 1.074 1.094 -- 2006 1.014 1.074 -- 2005 1.000 1.014 -- DWSII Core Fixed Income Subaccount (Class B) (7/03)............................................. 2007 0.994 1.003 -- 2006 0.983 0.994 -- 2005 1.000 0.983 -- DWSII Davis Venture Value Subaccount (Class B) (7/03)............................................. 2007 1.171 1.187 -- 2006 1.052 1.171 -- 2005 1.000 1.052 -- DWSII Dreman High Return Equity Subaccount (Class B) (7/03).......................................... 2007 1.190 1.133 -- 2006 1.035 1.190 -- 2005 1.000 1.035 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (7/03).......................................... 2006 1.073 1.302 -- 2005 1.000 1.073 -- DWSII Foreign Value Subaccount (Class B) (11/04)... 2006 1.058 1.259 -- 2005 1.000 1.058 -- DWSII Global Thematic Subaccount (Class B) (8/03).. 2007 1.489 1.533 -- 2006 1.179 1.489 -- 2005 1.000 1.179 -- DWSII Government & Agency Securities Subaccount (Class B) (7/03)................................... 2007 1.001 1.028 -- 2006 0.991 1.001 -- 2005 1.000 0.991 -- DWSII Growth Allocation Subaccount (Class B) (10/04)............................................ 2007 1.135 1.166 -- 2006 1.035 1.135 -- 2005 1.000 1.035 -- DWSII High Income Subaccount (Class B) (7/03)...... 2007 1.067 1.044 -- 2006 0.995 1.067 -- 2005 1.000 0.995 -- DWSII Income Allocation Subaccount (Class B) (10/04)............................................ 2006 1.004 1.015 -- 2005 1.000 1.004 --
B-9 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Index 500 Subaccount (Class B) (10/03)....... 2006 1.017 1.017 -- 2005 1.000 1.017 -- DWSII International Select Equity Subaccount (Class B) (7/03).......................................... 2007 1.360 1.538 -- 2006 1.117 1.360 -- 2005 1.000 1.117 -- DWSII Janus Growth & Income Subaccount (Class B) (7/03)............................................. 2007 1.149 1.188 -- 2006 1.093 1.149 -- 2005 1.000 1.093 -- DWSII Janus Growth Opportunities Subaccount (Class B) (10/03)......................................... 2006 1.066 1.044 -- 2005 1.000 1.066 -- DWSII Large Cap Core Subaccount (Class B) (11/04).. 2006 1.092 1.200 -- 2005 1.000 1.092 -- DWSII Large Cap Value Subaccount (Class B) (7/03).. 2007 1.100 1.208 -- 2006 0.983 1.100 -- 2005 1.000 0.983 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (7/03)............................................. 2006 0.993 1.015 -- 2005 1.000 0.993 -- DWSII Mid Cap Growth Subaccount (Class B) (7/03)... 2007 1.192 1.252 -- 2006 1.107 1.192 -- 2005 1.000 1.107 -- DWSII Moderate Allocation Subaccount (Class B) (9/04)............................................. 2007 1.105 1.130 -- 2006 1.023 1.105 -- 2005 1.000 1.023 -- DWSII Money Market Subaccount (Class B) (7/03)..... 2007 1.013 1.032 -- 2006 0.998 1.013 -- 2005 1.000 0.998 -- DWSII Oak Strategic Equity Subaccount (Class B) (7/03)............................................. 2006 0.978 0.990 -- 2005 1.000 0.978 -- DWSII Small Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.057 1.088 -- 2006 1.036 1.057 -- 2005 1.000 1.036 -- DWSII Strategic Income Subaccount (Class B) (7/03)............................................. 2007 1.042 1.065 -- 2006 0.984 1.042 -- 2005 1.000 0.984 --
B-10 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.70% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Technology Subaccount (Class B) (7/03)....... 2007 1.025 1.136 -- 2006 1.049 1.025 -- 2005 1.000 1.049 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (7/03)............................................. 2007 1.123 1.368 -- 2006 1.087 1.123 -- 2005 1.000 1.087 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 1.624 2.031 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.063 1.078 -- 2006 1.000 1.063 --
The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 04/29/2005, Scudder Variable Series I-21st Century Growth Portfolio merged into Scudder Variable Series II-Scudder Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-Scudder Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Eagle Focused Large Cap Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Focused Vale and Growth Portfolio merged into Scudder Variable Series I-Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 09/19/2005, Scudder Variable Series II-SVS Index 500 Portfolio merged into Scudder Investments VIT Funds-Scudder VIT Equity Index 500 Fund and is no longer available as a funding option. Effective on or about 05/01/2006, The Alger American Fund-Alger American Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Dreman Financial Services VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Income Allocation VIP merged into DWS Variable Series II-DWS Conservative Allocation VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS MFS(R) Strategic Value VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Janus Growth Opportunities VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. B-11 Effective on or about 12/11/2006, DWS Variable Series II-DWS Legg Mason Aggressive Growth VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Mercury Large Cap Core VIP merged into DWS Variable Series I-DWS Growth & Income VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Oak Strategic Equity VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Templeton Foreign Value VIP merged into DWS Variable Series I-DWS International VIP and is no longer available as a funding option. Effective on or about 04/30/2007, Credit Suisse Trust-Credit Suisse Trust Emerging Markets Portfolio was replaced by Met Investors Series Trust-MFS(R) Emerging Markets Equity Portfolio and is no longer available as a funding option. B-12 APPENDIX C - -------------------------------------------------------------------------------- ADDITIONAL INFORMATION REGARDING UNDERLYING FUNDS Certain Underlying Funds were subject to a merger, substitution or other change. The chart below identifies the former name and new name of each of these Underlying Funds, and where applicable, the former name and new name of the trust of which the Underlying Fund is a part. UNDERLYING FUND NAME CHANGES
FORMER NAME NEW NAME - --------------------------------------------- --------------------------------------------- ALGER VARIABLE INSURANCE FUNDS THE ALGER AMERICAN FUND Alger American Leveraged AllCap Alger American Capital Portfolio -- Class S Appreciation -- Class S
UNDERLYING FUND MERGERS/REORGANIZATIONS The following former Underlying Funds were merged with and into the new Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- MET INVESTORS SERIES TRUST METROPOLITAN SERIES FUND, INC. MFS(R) Value Portfolio -- Class E MFS(R) Value Portfolio -- Class E
UNDERLYING FUND SUBSTITUTIONS The following new Underlying Funds were substituted for the former Underlying Funds.
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- DREYFUS INVESTMENT PORTFOLIOS MET INVESTORS SERIES TRUST Mid Cap Stock Portfolio -- Service Shares Lazard Mid Cap Portfolio -- Class B DWS INVESTMENTS VIT FUNDS METROPOLITAN SERIES FUND, INC. DWS Equity 500 Index VIP -- Class B2 MetLife Stock Index Portfolio -- Class B DWS VARIABLE SERIES I METROPOLITAN SERIES FUND, INC. DWS Bond VIP -- Class B BlackRock Bond Income Portfolio -- Class B DWS VARIABLE SERIES I MET INVESTORS SERIES TRUST DWS Growth & Income VIP -- Class B Lord Abbett Growth and Income Portfolio -- Class B DWS VARIABLE SERIES I MET INVESTORS SERIES TRUST DWS International VIP -- Class B MFS(R) Research International Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Balanced VIP -- Class B BlackRock Diversified Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Blue Chip VIP -- Class B FI Value Leaders Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Core Fixed Income VIP -- Class B BlackRock Bond Income Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Davis Venture Value VIP -- Class B Davis Venture Value Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Dreman High Return Equity VIP -- Class BlackRock Large Cap Value Portfolio -- Class B B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS High Income VIP -- Class B BlackRock High Yield Portfolio -- Class B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS International Select Equity MFS(R) Research International VIP -- Class B Portfolio -- Class B
C-1
FORMER UNDERLYING FUND NEW UNDERLYING FUND - --------------------------------------------- --------------------------------------------- DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Janus Growth & Income VIP -- Class B T. Rowe Price Large Cap Growth Portfolio -- Class B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS Large Cap Value VIP -- Class B MFS(R) Value Portfolio -- Class E* DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS Mid Cap Growth VIP -- Class B T. Rowe Price Mid Cap Growth Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Money Market VIP -- Class B BlackRock Money Market Portfolio -- Class B DWS VARIABLE SERIES II METROPOLITAN SERIES FUND, INC. DWS Small Cap Growth VIP -- Class B T. Rowe Price Small Cap Growth Portfolio -- Class B DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS Strategic Income VIP -- Class B Pioneer Strategic Income Portfolio -- Class E DWS VARIABLE SERIES II MET INVESTORS SERIES TRUST DWS Turner Mid Cap Growth VIP -- Class B Turner Mid Cap Growth Portfolio -- Class B
- --------- * Note that this new underlying fund is subject to a merger as described above. C-2 APPENDIX D - -------------------------------------------------------------------------------- CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION The Statement of Additional Information contains more specific information and financial statements relating to the Separate Account and MetLife Insurance Company of Connecticut. A list of the contents of the Statement of Additional Information is set forth below: The Insurance Company Principal Underwriter Distribution and Principal Underwriting Agreement Valuation of Assets Federal Tax Considerations Independent Registered Public Accounting Firm Condensed Financial Information Financial Statements - -------------------------------------------------------------------------------- Copies of the Statement of Additional Information dated April 28, 2008 are available without charge. To request a copy, please clip this coupon on the line above, enter your name and address in the spaces provided below, and mail to MetLife Insurance Company of Connecticut, P.O. Box 10366, Des Moines, IA 50306- 0366. For the MetLife Insurance Company of Connecticut Statement of Additional Information please request MIC-Book-67-68-77-89. Name: ------------------------------------------------- Address: ---------------------------------------------- CHECK BOX: [ ] MIC-Book-67-68-77-89 D-1 PORTFOLIO ARCHITECT ACCESS VINTAGE ACCESS SCUDDER ADVOCATE ADVISOR SCUDDER ADVOCATE ADVISOR-ST1 STATEMENT OF ADDITIONAL INFORMATION DATED OCTOBER 13, 2008 FOR METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES ISSUED BY METLIFE INSURANCE COMPANY OF CONNECTICUT This Statement of Additional Information ("SAI") contains information in addition to the information described in the Prospectus for the variable annuity contracts (the "Contracts") offered by MetLife Insurance Company of Connecticut (the "Company", "we" or "our"). This SAI is not a prospectus but relates to, and should be read in conjunction with the Prospectus dated April 28, 2008. A copy of the Individual Variable Annuity Contract Prospectus may be obtained by writing to MetLife Insurance Company of Connecticut, Annuity Investor Services, P.O. Box 103666, Des Moines, IA 50306-0366 or by accessing the Securities and Exchange Commission's website at http://www.sec.gov. TABLE OF CONTENTS
PAGE ---- THE INSURANCE COMPANY.......................................................... 2 PRINCIPAL UNDERWRITER.......................................................... 2 DISTRIBUTION AND PRINCIPAL UNDERWRITING AGREEMENT.............................. 2 VALUATION OF ASSETS............................................................ 3 FEDERAL TAX CONSIDERATIONS..................................................... 5 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.................................. 8 CONDENSED FINANCIAL INFORMATION--Portfolio Architect Access.................... 9 CONDENSED FINANCIAL INFORMATION--Vintage Access................................ 112 CONDENSED FINANCIAL INFORMATION--Scudder Advocate Advisor...................... 212 CONDENSED FINANCIAL INFORMATION--Scudder Advocate Advisor-ST1.................. 267 FINANCIAL STATEMENTS........................................................... 1
THE INSURANCE COMPANY MetLife Insurance Company of Connecticut is a stock insurance company chartered in 1863 in Connecticut and continuously engaged in the insurance business since that time. Prior to May 1, 2006, the Company was known as The Travelers Insurance Company. The Company is licensed to conduct life insurance business in all states of the United States, the District of Columbia, Puerto Rico, Guam, the U.S. and British Virgin Islands and the Bahamas. The Company is a wholly- owned subsidiary of MetLife, Inc., a publicly traded company. MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers. The Company's Home Office is located at One Cityplace, Hartford, Connecticut 06103- 3415. STATE REGULATION. The Company is subject to the laws of the state of Connecticut governing insurance companies and to regulation by the Insurance Commissioner of the state of Connecticut (the "Commissioner"). An annual statement covering the operations of the Company for the preceding year, as well as its financial condition as of December 31 of such year, must be filed with the Commissioner in a prescribed format on or before March 1 of each year. The Company's books and assets are subject to review or examination by the Commissioner or his agents at all times, and a full examination of its operations is conducted at least once every four years. The Company is also subject to the insurance laws and regulations of all other states in which it is licensed to operate. However, the insurance departments of each of these states generally apply the laws of the home state (jurisdiction of domicile) in determining the field of permissible investments. THE SEPARATE ACCOUNT. Effective October 13, 2008, the Company combined MetLife Insurance Company of Connecticut Variable Annuity Separate Account 2002 (the "Former Separate Account") with and into MetLife of CT Separate Account Eleven for Variable Annuities (the "Separate Account"). The Separate Account meets the definition of a separate account under the federal securities laws, and complies with the provisions of the 1940 Act. Additionally, the operations of the Separate Account are subject to the provisions of Section 38a-433 of the Connecticut General Statutes, which authorizes the Commissioner to adopt regulations under it. Section 38a-433 contains no restrictions on the investments of the Separate Account, and the Commissioner has adopted no regulations under the Section that affect the Separate Account. The Company holds title to the assets of the Separate Account. The assets are kept physically segregated and are held separate and apart from the Company's general corporate assets. Records are maintained of all purchases and redemptions of the Underlying Funds held in each of the Variable Funding Options. PRINCIPAL UNDERWRITER MetLife Investors Distribution Company ("MLIDC") serves as principal underwriter for the Separate Account and the Contracts. The offering is continuous. MLIDC's principal executive offices are located at 5 Park Plaza, Suite 1900, Irvine, CA 92614. MLIDC is affiliated with the Company and the Separate Account. DISTRIBUTION AND PRINCIPAL UNDERWRITING AGREEMENT Information about the distribution of the Contracts is contained in the prospectus (see "Other Information -- Distribution of the Variable Annuity Contracts"). Additional information is provided below. Under the terms of the Distribution and Principal Underwriting Agreement among the Separate Account, MLIDC and the Company, MLIDC acts as agent for the distribution of the Contracts and as principal underwriter for the Contracts. The Company reimburses MLIDC for certain sales and overhead expenses connected with sales functions. 2 The following table shows the amount of commissions paid to and the amount of commissions retained by the Distributor and Principal Underwriter over the past three years. UNDERWRITING COMMISSIONS
UNDERWRITING COMMISSIONS PAID AMOUNT OF UNDERWRITING TO THE DISTRIBUTOR BY THE COMMISSIONS RETAINED BY THE YEAR COMPANY DISTRIBUTOR - -------------------------------- -------------------------------- -------------------------------- 2007............................ $128,229,602 $0 2006............................ $ 92,981,366 $0 2005............................ $135,616,995 $0
The Company and MLIDC have also entered into preferred distribution arrangements with certain broker-dealer firms. These arrangements are sometimes called "shelf space" arrangements. Under these arrangements, the Company and MLIDC pay separate, additional compensation to the broker-dealer firms for services the broker-dealer firms provide in connection with the distribution of the Company's products. These services may include providing the Company with access to the distribution network of the broker-dealer firms, the hiring and training of the broker-dealer firms' sales personnel, the sponsoring of conferences and seminars by the broker-dealer firms, or general marketing services performed by the broker-dealer firms. The broker-dealer firms may also provide other services or incur other costs in connection with distributing the Company's products. These preferred distribution arrangements will not be offered to all broker- dealer firms and the terms of such arrangements may differ between broker-dealer firms. Compensation payable under such arrangements may be based on aggregate, net or anticipated sales of the Contract, total assets attributable to sales of the Contract by registered representatives of the broker-dealer firms or based on the length of time that a Contract owner has owned the Contract. Any such compensation payable to a broker-dealer firm will be made by MLIDC or the Company out of their own assets and will not result in any additional direct charge to you. Such compensation may cause the broker-dealer firms and their registered representatives to favor the Company's products. The amount of additional compensation (non-commission amounts) paid to selected broker-dealer firms during 2007 ranged from $86,518 to $5,658,714. The amount of commissions paid to selected broker-dealer firms during 2007 ranged from $91,352 to $10,077,903. The amount of total compensation (includes non-commission as well as commission amounts) paid to selected broker-dealer firms during 2007 ranged from $433,549 to $10,536,736. The following list sets forth the names of broker-dealer firms that have entered into preferred distribution arrangements with the Company and MLIDC under which the broker-dealer firms received additional compensation in 2007 in connection with the sale of our variable annuity contracts, variable life policies and other insurance products (including the Contracts). The broker-dealer firms are listed in alphabetical order: Citicorp Investment Services Citigroup Global Markets Inc. (d/b/a Smith Barney) DWS Scudder Distributors, Inc. Morgan Stanley DW, Inc. PFS Investments, Inc. (d/b/a Primerica) Pioneer Funds Distributor, Inc. There are other broker-dealer firms who receive compensation for servicing our contracts, and the account value of the contracts or the amount of added purchase payments received may be included in determining their additional compensation, if any. VALUATION OF ASSETS FUNDING OPTIONS. The value of the assets of each Funding Option is determined at 4:00 p.m. eastern time on each business day, unless we need to close earlier due to an emergency. A business day is any day the New York Stock Exchange is open. It is expected that the Exchange will be closed on Saturdays and Sundays and on the observed holidays of New Year's Day, Martin Luther King, Jr. Day, President's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. Each security traded on a national securities exchange is 3 valued at the last reported sale price on the business day. If there has been no sale on that day, then the value of the security is taken to be the mean between the reported bid and asked prices on the business day or on the basis of quotations received from a reputable broker or any other recognized source. THE CONTRACT VALUE. The value of an Accumulation Unit on any business day is determined by multiplying the value on the preceding business day by the net investment factor for the valuation period just ended. The net investment factor is used to measure the investment performance of a Funding Option from one valuation period to the next. The net investment factor for a Funding Option for any valuation period is equal to the sum of 1.000000 plus the net investment rate (the gross investment rate less any applicable Funding Option deductions during the valuation period relating to the mortality and expense risk charge and the administrative expense charge). The gross investment rate of a Funding Option is equal to (a) minus (b), divided by (c) where: (a) = investment income plus capital gains and losses (whether realized or unrealized); (b) = any deduction for applicable taxes (presently zero); and (c) = the value of the assets of the funding option at the beginning of the valuation period. The gross investment rate may be either positive or negative. A Funding Option's investment income includes any distribution whose ex-dividend date occurs during the valuation period. ACCUMULATION UNIT VALUE. The value of the Accumulation Unit for each Funding Option was initially established at $1.00. The value of an Accumulation Unit on any business day is determined by multiplying the value on the preceding business day by the net investment factor for the valuation period just ended. The net investment factor is calculated for each Funding Option and takes into account the investment performance, expenses and the deduction of certain expenses. ANNUITY UNIT VALUE. The initial Annuity Unit value applicable to each Funding Option was established at $1.00. An Annuity Unit value as of any business day is equal to (a) the value of the Annuity Unit on the preceding business day, multiplied by (b) the corresponding net investment factor for the business day just ended, divided by (c) the assumed net investment factor for the valuation period. (For example, the assumed net investment factor based on an annual assumed net investment rate of 3.0% for a valuation period of one day is 1.000081 and, for a period of two days, is 1.000081 x 1.000081.) CALCULATION OF MONEY MARKET YIELD From time to time, we may quote in advertisements and sales literature the adjusted and unadjusted effective yield for a money market Subaccount for a 7- day period, as described below. On a Contract-specific basis, the effective yield is computed at each month-end according to the following formula: Effective Yield = ((Base Return + 1) to the power of (365 / 7)) -- 1 Where: Base Return = (AUV Change -- Contract Charge Adjustment) / Prior AUV. AUV Change = Current AUV -- Prior AUV. Contract Charge Adjustment = Average AUV * Period Charge. Average AUV = (Current AUV + Prior AUV) / 2. Period Charge = Annual Contract Fee * (7/365). Prior AUV = Unit value as of 7 days prior. Current AUV = Unit value as of the reporting period (last day of the month). We may also quote the effective yield of a money market Subaccount for the same 7-day period, determined on an unadjusted basis (which does not deduct Contract- level charges), according to the same formula but where: Base Return = AUV Change / Prior AUV 4 Because of the charges and deductions imposed under the Contract, the yield for the Subaccount will be lower than the yield for the corresponding Underlying Fund. The yields on amounts held in the Subaccount normally will fluctuate on a daily basis. Therefore, the disclosed yield for any given past period is not an indication or representation of future yields or rates of return. The actual yield for the Subaccount is affected by changes in interest rates on money market securities, average portfolio maturity of the Underlying Fund, the types and qualities of portfolio securities held by the Underlying Fund, and the Underlying Fund's operating expenses. Yields on amounts held in the Subaccount may also be presented for periods other than a 7-day period. FEDERAL TAX CONSIDERATIONS The following description of the federal income tax consequences under this Contract is general in nature and is therefore not exhaustive and is not intended to cover all situations. Because of the complexity of the law and the fact that the tax results will vary according to the factual status of the individual involved, a person contemplating purchase of an annuity contract and by a Contract Owner or beneficiary who may make elections under a Contract should consult with a qualified tax or legal adviser. MANDATORY DISTRIBUTIONS FOR QUALIFIED PLANS Federal tax law requires that minimum annual distributions begin by April 1st of the calendar year following the later of calendar year in which a participant under a qualified plan or a Section 403(b) annuity attains age 70 1/2 or retires. Minimum annual distributions under an IRA must begin by April 1(st) of the calendar year in which the Contract Owner attains 70 1/2 regardless of when he or she retires. Distributions must also begin or be continued according to the minimum distribution rules under the Code following the death of the Contract Owner or the annuitant. You should note that the U.S. Treasury recently issued regulations clarifying the operation of the required minimum distribution rules. NONQUALIFIED ANNUITY CONTRACTS Individuals may purchase tax-deferred annuities without any contribution limits. The purchase payments receive no tax benefit, deduction or deferral, but taxes on the increases in the value of the contract are generally deferred until distribution and transfers between the various investment options are not subject to tax. Generally, if an annuity contract is owned by other than an individual (or an entity such as a trust or other "look-through" entity which owns for an individual's benefit), the owner will be taxed each year on the increase in the value of the contract. An exception applies for purchase payments made before March 1, 1986. The benefits of tax deferral of income earned under a non-qualified annuity should be compared with the relative federal tax rates on income from other types of investments (dividends and capital gains, taxable at 15% or less) relative to the ordinary income treatment received on annuity income and interest received on fixed instruments (notes, bonds, etc.). If two or more annuity contracts are purchased from the same insurer within the same calendar year, such annuity contract will be aggregated for federal income tax purposes. As a result, distributions from any of them will be taxed based upon the amount of income in all of the same calendar year series of annuities. This will generally have the effect of causing taxes to be paid sooner on the deferred gain in the contracts. Those receiving partial distributions made before the maturity date will generally be taxed on an income-first basis to the extent of income in the contract. If you are exchanging another annuity contract for this annuity, certain pre-August 14, 1982 deposits into an annuity contract that have been placed in the contract by means of a tax-deferred exchange under Section 1035 of the Code may be withdrawn first without income tax liability. This information on deposits must be provided to the Company by the other insurance company at the time of the exchange. There is income in the contract generally to the extent the cash value exceeds the investment in the contract. The investment in the contract is equal to the amount of premiums paid less any amount received previously which was excludable from gross income. Any direct or indirect borrowing against the value of the contract or pledging of the contract as security for a loan will be treated as a cash distribution under the tax law. In order to be treated as an annuity contract for federal income tax purposes, Section 72(s) of the Code requires any non-qualified contract to contain certain provisions specifying how your interest in the contract will be distributed in the event of the death of an owner of the contract. Specifically, Section 72(s) requires that (a) if an owner dies on or after the annuity starting date, but prior to the time the entire interest in the contract has been distributed, the entire interest in the contract will be distributed at least as rapidly as under the method of distribution being used as of the 5 date of such owner's death; and (b) if any owner dies prior to the annuity starting date, the entire interest in the contract will be distributed within five years after the date of such owner's death. These requirements will be considered satisfied as to any portion of an owner's interest which is payable to or for the benefit of a designated beneficiary and which is distributed over the life of such designated beneficiary or over a period not extending beyond the life expectancy of that beneficiary, provided that such distributions begin within one year of the owner's death. The designated beneficiary refers to a natural person designated by the owner as a beneficiary and to whom ownership of the contract passes by reason of death. However, if the designated beneficiary is the surviving spouse of the deceased owner, the contract may be continued with the surviving spouse as the successor-owner. Contracts will be administered by the Company in accordance with these rules and the Company will make a notification when payments should be commenced. Special rules apply regarding distribution requirements when an annuity is owned by a trust or other entity for the benefit of one or more individuals. INDIVIDUAL RETIREMENT ANNUITIES To the extent of earned income for the year and not exceeding the applicable limit for the taxable year, an individual may make contributions, which in some cases may be deductible, to an individual retirement annuity (IRA). The applicable limit is $4,000 for calendar year 2007, $5,000 for 2008, and may be indexed for inflation in future years. Additional "catch-up" contributions may be made to an IRA by individuals age 50 or over. There are certain limits on the deductible amount based on the adjusted gross income of the individual and spouse and based on their participation in a retirement plan. If an individual is married and the spouse does not have earned income, the individual may establish IRAs for the individual and spouse. Purchase payments may then be made annually into IRAs for both spouses in the maximum amount of 100% of earned income up to a combined limit based on the individual limits outlined above. The Code provides for the purchase of a Simplified Employee Pension (SEP) plan. A SEP is funded through an IRA with an annual employer contribution limit of up to $46,000 for each participant. The Internal Revenue Services has not reviewed the contract for qualifications as an IRA, and has not addressed in a ruling of general applicability whether a death benefit provision such as the optional enhanced death benefit in the contract comports with IRA qualification requirements. SIMPLE PLAN IRA FORM Employers may establish a savings incentive match plan for employees ("SIMPLE plan") under which employees can make elective salary reduction contributions to an IRA based on a percentage of compensation of up to the applicable limit for the taxable year. The applicable limit is $10,500 in 2008 (which may be indexed for inflation for future years). (Alternatively, the employer can establish a SIMPLE cash or deferred arrangement under IRS Section 401(k)). Under a SIMPLE plan IRA, the employer must either make a matching contribution or a nonelective contribution based on the prescribed formulas for all eligible employees. Early withdrawals are subject to the 10% early withdrawal penalty generally applicable to IRAs, except that an early withdrawal by an employee under a SIMPLE plan IRA, within the first two years of participation, shall be subject to a 25% early withdrawal tax. ROTH IRAS Section 408A of the Code permits certain individuals to contribute to a Roth IRA. Eligibility to make contributions is based upon income, and the applicable limits vary based on marital status and/or whether the contribution is a rollover contribution from another IRA or an annual contribution. Contributions to a Roth IRA, which are subject to certain limitations (similar to the annual limits for the traditional IRA's), are not deductible and must be made in cash or as a rollover or transfer from another Roth IRA or other IRA. A conversion of a "traditional" IRA to a Roth IRA may be subject to tax and other special rules apply. You should consult a tax adviser before combining any converted amounts with other Roth IRA contributions, including any other conversion amounts from other tax years. Qualified distributions from a Roth IRA are tax-free. A qualified distribution requires that the Roth IRA has been held for at least 5 years, and the distribution is made after age 59 1/2, on death or disability of the owner, or for a limited amount ($10,000) for a qualified first time home purchase for the owner or certain relatives. Income tax and a 10% penalty tax may apply to distributions made (1) before age 59 1/2 (subject to certain exceptions) or (2) during five taxable years starting with the year in which the first contribution is made to any Roth IRA of the individual. 6 QUALIFIED PENSION AND PROFIT-SHARING PLANS Like most other contributions made under a qualified pension or profit-sharing plan, purchase payments made by an employer are not currently taxable to the participant and increases in the value of a contract are not subject to taxation until received by a participant or beneficiary. Distributions are generally taxable to the participant or beneficiary as ordinary income in the year of receipt. Any distribution that is considered the participant's "investment in the contract" is treated as a return of capital and is not taxable. Under a qualified plan, the investment in the contract may be zero. The annual limits that apply to the amounts that may be contributed to a defined contribution plan for 2008 is $46,000. The limit on employee salary reduction deferrals (commonly referred to as "401(k) contributions") is $15,500 in 2008. The annual limit may be indexed for inflation in future years. Additional "catch-up contributions" may be made by individuals age 50 or over. Amounts attributable to salary reduction contributions under Code Section 401(k) and income thereon may not be withdrawn prior to severance from employment, death, total and permanent disability, attainment of age 59 1/2, or in the case of hardship. SECTION 403(B) PLANS Under Code section 403(b), payments made by public school systems and certain tax exempt organizations to purchase annuity contracts for their employees are excludable from the gross income of the employee, subject to certain limitations. However, these payments may be subject to FICA (Social Security) taxes. A qualified contract issued as a tax-sheltered annuity under section 403(b) will be amended as necessary to conform to the requirements of the Code. The annual limits under Code Section 403(b) for employee salary reduction deferrals are increased under the same rules applicable to 401(k) plans ($15,500 in 2008). Code section 403(b)(11) restricts this distribution under Code section 403(b) annuity contracts of: (1) elective contributions made in years beginning after December 31, 1998; (2) earnings on those contributions; and (3) earnings in such years on amounts held as of the close of the last year beginning before January 1, 1989. Distribution of those amounts may only occur upon death of the employee, attainment of age 59 1/2, separation from service, disability, or financial hardship. In addition, income attributable to elective contributions may not be distributed in the case of hardship. FEDERAL INCOME TAX WITHHOLDING The portion of a distribution, which is taxable income to the recipient, will be subject to federal income tax withholding as follows: 1. ELIGIBLE ROLLOVER DISTRIBUTION FROM SECTION 403(B) PLANS OR ARRANGEMENTS, FROM QUALIFIED PENSION AND PROFIT-SHARING PLANS, OR FROM 457 PLANS SPONSORED BY GOVERNMENTAL ENTITIES There is a mandatory 20% tax withholding for plan distributions that are eligible for rollover to an IRA or to another qualified retirement plan (including a 457 plan sponsored by a governmental entity) but that are not directly rolled over. A distribution made directly to a participant or beneficiary may avoid this result if: (a) a periodic settlement distribution is elected based upon a life or life expectancy calculation, or (b) a term-for-years settlement distribution is elected for a period of ten years or more, payable at least annually, or (c) a minimum required distribution as defined under the tax law is taken after the attainment of the age of 70 1/2 or as otherwise required by law, or (d) the distribution is a hardship distribution. A distribution including a rollover that is not a direct rollover will be subject to the 20% withholding, and the 10% additional tax penalty on premature withdrawals may apply to any amount not added back in the rollover. The 20% withholding may be recovered when the participant or beneficiary files a personal income tax return for the year if a 7 rollover was completed within 60 days of receipt of the funds, except to the extent that the participant or spousal beneficiary is otherwise underwithheld or short on estimated taxes for that year. 2. OTHER NON-PERIODIC DISTRIBUTIONS (FULL OR PARTIAL REDEMPTIONS) To the extent not subject to 20% mandatory withholding as described in 1. above, the portion of a non-periodic distribution, which constitutes taxable income, will be subject to federal income tax withholding, if the aggregate distributions exceed $200 for the year, unless the recipient elects not to have taxes withheld. If no such election is made, 10% of the taxable portion of the distribution will be withheld as federal income tax; provided that the recipient may elect any other percentage. Election forms will be provided at the time distributions are requested. This form of withholding applies to all annuity programs. 3. PERIODIC DISTRIBUTIONS (DISTRIBUTIONS PAYABLE OVER A PERIOD GREATER THAN ONE YEAR) The portion of a periodic distribution, which constitutes taxable income, will be subject to federal income tax withholding under the wage withholding tables as if the recipient were married claiming three exemptions. A recipient may elect not to have income taxes withheld or have income taxes withheld at a different rate by providing a completed election form. Election forms will be provided at the time distributions are requested. This form of withholding applies to all annuity programs. Recipients who elect not to have withholding made are liable for payment of federal income tax on the taxable portion of the distribution. Recipients may also be subject to penalties under the estimated tax payment rules if withholding and estimated tax payments are not sufficient to cover tax liabilities. Recipients who do not provide a social security number or other taxpayer identification number will not be permitted to elect out of withholding. Additionally, U.S. citizens residing outside of the country, or U.S. legal residents temporarily residing outside the country, are subject to different withholding rules and generally cannot elect out of withholding. INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The financial statements of each of the Subaccounts of the Separate Account and consolidated financial statements and the related financial statement schedules of MetLife Insurance Company of Connecticut and subsidiaries (which report expresses an unqualified opinion on the consolidated financial statements and financial statement schedules and includes an explanatory paragraph referring to changes in MetLife Insurance Company of Connecticut and subsidiaries' method of accounting for deferred acquisition costs as required by accounting guidance adopted on January 1, 2007, and the restatement of the 2007 consolidated financial statements) included in this Statement of Additional Information have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their reports appearing herein, and have been so included in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing. The principal business address of Deloitte & Touche LLP is 201 East Kennedy Boulevard, Suite 1200, Tampa, FL 33602-5827. 8 CONDENSED FINANCIAL INFORMATION -- PORTFOLIO ARCHITECT ACCESS - -------------------------------------------------------------------------------- The following tables provide the Accumulation Unit Values information for the MID-RANGE combinations of separate account charges. The Accumulation Unit Value information for the minimum separate account charge and the maximum variable account charge are contained in the Prospectus. PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.431 1.395 -- 2005 1.270 1.431 -- 2004 1.194 1.270 -- 2003 1.000 1.194 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 2.021 2.277 2,386 2006 1.710 2.021 2,432 2005 1.528 1.710 2,476 2004 1.372 1.528 5,556 2003 1.000 1.372 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.837 2.024 22,973 2006 1.698 1.837 22,979 2005 1.490 1.698 23,244 2004 1.349 1.490 8,048 2003 1.000 1.349 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.678 1.730 2,470 2006 1.485 1.678 2,518 2005 1.430 1.485 2,563 2004 1.320 1.430 7,137 2003 1.000 1.320 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.684 1.665 -- 2005 1.452 1.684 -- 2004 1.238 1.452 -- 2003 1.000 1.238 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.762 2.293 -- 2005 1.676 1.762 -- 2004 1.300 1.676 -- 2003 1.000 1.300 --
9 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.462 1.536 8,268 2006 1.279 1.462 8,268 2005 1.249 1.279 8,268 2004 1.211 1.249 8,268 2003 1.000 1.211 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.533 1.337 -- 2006 1.505 1.533 -- 2005 1.450 1.505 -- 2004 1.327 1.450 -- 2003 1.000 1.327 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.301 1.413 -- 2005 1.203 1.301 1,796 2004 1.074 1.203 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.298 1.446 -- 2005 1.201 1.298 1,852 2004 1.067 1.201 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.805 2.077 8,659 2006 1.650 1.805 14,381 2005 1.442 1.650 15,108 2004 1.276 1.442 2,643 2003 1.000 1.276 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.644 1.722 1,778 2006 1.472 1.644 1,812 2005 1.243 1.472 1,845 2004 1.251 1.243 1,879 2003 1.000 1.251 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.252 2.548 3,342 2006 2.042 2.252 3,342 2005 1.763 2.042 3,342 2004 1.441 1.763 3,342 2003 1.000 1.441 --
10 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.514 1.759 -- 2005 1.396 1.514 -- 2004 1.263 1.396 -- 2003 1.000 1.263 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.775 3.507 1,001 2006 2.208 2.775 1,001 2005 1.766 2.208 1,001 2004 1.443 1.766 -- 2003 1.000 1.443 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.107 2.386 1,808 2006 1.768 2.107 1,808 2005 1.635 1.768 1,808 2004 1.406 1.635 -- 2003 1.000 1.406 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.679 2.007 -- 2005 1.572 1.679 -- 2004 1.381 1.572 -- 2003 1.000 1.381 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.060 1.083 -- 2005 1.066 1.060 -- 2004 1.000 1.066 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.259 1.299 -- 2005 1.191 1.259 -- 2004 1.121 1.191 -- 2003 1.000 1.121 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.549 1.850 858 2006 1.485 1.549 874 2005 1.347 1.485 890 2004 1.202 1.347 907 2003 1.000 1.202 --
11 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.629 1.945 -- 2006 1.540 1.629 -- 2005 1.407 1.540 -- 2004 1.426 1.407 -- 2003 1.000 1.426 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.585 1.700 1,676 2006 1.369 1.585 1,708 2005 1.322 1.369 1,739 2004 1.289 1.322 1,771 2003 1.000 1.289 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.531 1.714 -- 2005 1.501 1.531 -- 2004 1.331 1.501 -- 2003 1.000 1.331 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.699 1.635 1,594 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.550 1.601 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.579 1.625 -- 2006 1.397 1.579 -- 2005 1.366 1.397 -- 2004 1.263 1.366 -- 2003 1.000 1.263 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.832 1.751 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.744 1.778 -- 2006 1.503 1.744 -- 2005 1.438 1.503 -- 2004 1.327 1.438 -- 2003 1.000 1.327 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.492 1.491 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.969 2.126 1,390 2006 1.780 1.969 1,417 2005 1.729 1.780 1,443 2004 1.531 1.729 1,470 2003 1.000 1.531 --
12 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.169 1.271 -- 2006 1.106 1.169 -- 2005 1.080 1.106 -- 2004 1.000 1.080 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.016 1.010 30,681 2006 0.995 1.016 40,640 2005 0.990 0.995 40,075 2004 0.998 0.990 -- 2003 1.000 0.998 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.767 1.852 -- 2006 1.525 1.767 -- 2005 1.493 1.525 -- 2004 1.405 1.493 2,536 2003 1.000 1.405 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.443 1.502 -- 2006 1.411 1.443 -- 2005 1.367 1.411 -- 2004 1.386 1.367 3,187 2003 1.000 1.386 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.682 1.740 -- 2006 1.544 1.682 1,601 2005 1.432 1.544 1,630 2004 1.337 1.432 1,660 2003 1.000 1.337 -- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.534 1.601 -- 2006 1.391 1.534 -- 2005 1.368 1.391 -- 2004 1.286 1.368 -- 2003 1.000 1.286 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.598 1.659 -- 2006 1.389 1.598 14,169 2005 1.371 1.389 14,169 2004 1.240 1.371 14,169 2003 1.000 1.240 --
13 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.787 1.968 -- 2006 1.623 1.787 5,178 2005 1.528 1.623 5,212 2004 1.255 1.528 3,770 2003 1.000 1.255 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.095 1.129 -- 2005 1.075 1.095 -- 2004 1.000 1.075 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.763 1.835 1,578 2006 1.855 1.763 1,608 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.359 1.371 4,120 2006 1.292 1.359 4,120 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.702 1.783 -- 2006 1.611 1.702 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.768 1.778 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.195 1.161 6,661 2006 1.123 1.195 11,389 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 2.041 1.986 7,714 2006 1.856 2.041 13,725 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.703 2.180 -- 2006 1.665 1.703 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.206 1.067 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.190 1.242 -- 2006 1.129 1.190 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.368 1.434 -- 2006 1.308 1.368 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.075 1.097 21,022 2006 1.001 1.075 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.473 1.617 21,031 2006 1.494 1.473 35,612
14 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.221 1.334 6,178 2006 1.233 1.221 10,914 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.332 2.444 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.391 1.469 16,353 2006 1.261 1.391 16,612 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.218 1.018 -- 2006 1.003 1.218 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.130 1.194 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.564 1.612 -- 2006 1.458 1.564 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.106 1.220 -- 2006 1.053 1.106 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.159 1.212 26,766 2006 1.121 1.159 36,085 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.027 0.977 14,412 2006 1.003 1.027 2,418 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.538 1.817 3,731 2006 1.579 1.538 3,731 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.069 1.115 -- 2006 1.031 1.069 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.020 1.051 -- 2006 0.999 1.020 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.422 1.450 -- 2006 1.406 1.422 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.569 1.602 20,263 2006 1.532 1.569 33,293 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.058 1.072 -- 2006 1.002 1.058 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.041 1.078 -- 2006 1.001 1.041 --
15 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.047 1.077 94,984 2006 1.002 1.047 20,302 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.052 1.077 -- 2006 1.002 1.052 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.057 1.077 -- 2006 1.002 1.057 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.421 1.453 79,114 2006 1.332 1.421 79,114 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.049 1.094 2,361 2006 0.996 1.049 2,448 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.067 1.142 -- 2006 0.998 1.067 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.148 1.191 -- 2006 1.083 1.148 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.068 1.095 9,589 2006 1.034 1.068 9,589 Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.991 0.999 -- 2005 0.982 0.991 -- 2004 0.991 0.982 -- 2003 1.000 0.991 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.110 1.172 -- 2005 1.070 1.110 -- 2004 1.000 1.070 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.105 1.126 -- 2006 1.118 1.105 -- 2005 1.116 1.118 -- 2004 1.044 1.116 -- 2003 1.000 1.044 --
16 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.077 1.149 33,806 2006 1.057 1.077 33,548 2005 1.051 1.057 33,159 2004 1.021 1.051 -- 2003 1.000 1.021 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.168 2.345 -- 2006 1.730 2.168 -- 2005 1.571 1.730 -- 2004 1.378 1.571 -- 2003 1.000 1.378 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.312 2.467 -- 2006 2.009 2.312 5,292 2005 1.913 2.009 5,292 2004 1.545 1.913 -- 2003 1.000 1.545 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.405 1.494 -- 2005 1.316 1.405 34,595 2004 1.260 1.316 -- 2003 1.000 1.260 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.228 1.308 -- 2005 1.247 1.228 -- 2004 1.196 1.247 -- 2003 1.000 1.196 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.701 1.855 -- 2005 1.541 1.701 1,637 2004 1.349 1.541 1,668 2003 1.000 1.349 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.460 1.532 -- 2005 1.424 1.460 31,901 2004 1.321 1.424 -- 2003 1.000 1.321 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.262 1.292 -- 2005 1.254 1.262 4,120 2004 1.158 1.254 -- 2003 1.000 1.158 --
17 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Federated Stock Subaccount (3/03)........ 2006 1.449 1.499 -- 2005 1.403 1.449 -- 2004 1.293 1.403 -- 2003 1.000 1.293 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.366 1.406 -- 2005 1.280 1.366 -- 2004 1.225 1.280 -- 2003 1.000 1.225 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.026 1.090 -- 2005 1.000 1.026 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.008 1.011 -- 2005 1.006 1.008 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.038 1.074 -- 2005 0.994 1.038 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.051 1.095 -- 2005 1.000 1.051 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.024 1.043 -- 2005 1.000 1.024 19,524 Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.518 1.611 -- 2005 1.381 1.518 -- 2004 1.215 1.381 -- 2003 1.000 1.215 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.493 1.579 -- 2005 1.477 1.493 3,731 2004 1.319 1.477 3,731 2003 1.000 1.319 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.292 1.332 -- 2005 1.279 1.292 79,114 2004 1.169 1.279 -- 2003 1.000 1.169 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.168 1.261 -- 2005 1.118 1.168 16,590 2004 1.000 1.118 --
18 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.618 1.856 -- 2005 1.505 1.618 15,527 2004 1.325 1.505 -- 2003 1.000 1.325 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.375 1.458 -- 2005 1.322 1.375 -- 2004 1.213 1.322 -- 2003 1.000 1.213 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.002 1.053 -- 2005 1.000 1.002 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.111 1.121 -- 2005 1.092 1.111 35,176 2004 1.000 1.092 -- Travelers Quality Bond Subaccount (3/03)........... 2006 1.042 1.031 -- 2005 1.045 1.042 -- 2004 1.031 1.045 -- 2003 1.000 1.031 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.376 1.434 -- 2005 1.374 1.376 -- 2004 1.271 1.374 -- 2003 1.000 1.271 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.072 1.233 -- 2005 1.000 1.072 10,894 Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.980 1.123 -- 2005 1.000 0.980 11,541 Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.074 1.034 -- 2005 1.049 1.074 9,589 2004 1.000 1.049 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.760 1.686 -- 2006 1.545 1.760 -- 2005 1.513 1.545 -- 2004 1.313 1.513 -- 2003 1.000 1.313 --
19 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.387 1.530 -- 2006 1.324 1.387 -- 2005 1.251 1.324 -- 2004 1.228 1.251 -- 2003 1.000 1.228 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.236 1.205 -- 2005 1.098 1.236 -- 2004 1.033 1.098 -- 2003 1.000 1.033 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.566 1.764 10,254 2006 1.326 1.566 10,254 2005 1.185 1.326 10,254 2004 1.065 1.185 -- 2003 1.000 1.065 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.419 1.563 -- 2006 1.312 1.419 -- 2005 1.152 1.312 -- 2004 1.044 1.152 -- 2003 1.000 1.044 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.348 1.389 -- 2006 1.193 1.348 -- 2005 1.150 1.193 -- 2004 1.062 1.150 -- 2003 1.000 1.062 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.438 1.421 -- 2005 1.241 1.438 -- 2004 1.058 1.241 -- 2003 1.000 1.058 --
20 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.426 1.855 -- 2005 1.357 1.426 -- 2004 1.053 1.357 -- 2003 1.000 1.053 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.276 1.341 -- 2006 1.117 1.276 -- 2005 1.091 1.117 -- 2004 1.059 1.091 -- 2003 1.000 1.059 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.197 1.044 -- 2006 1.177 1.197 -- 2005 1.134 1.177 -- 2004 1.038 1.134 -- 2003 1.000 1.038 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.300 1.412 -- 2005 1.203 1.300 -- 2004 1.074 1.203 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.297 1.444 -- 2005 1.201 1.297 -- 2004 1.067 1.201 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.479 1.701 -- 2006 1.354 1.479 -- 2005 1.183 1.354 -- 2004 1.048 1.183 -- 2003 1.000 1.048 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.371 1.435 -- 2006 1.228 1.371 -- 2005 1.038 1.228 -- 2004 1.045 1.038 -- 2003 1.000 1.045 --
21 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.684 1.905 -- 2006 1.528 1.684 -- 2005 1.320 1.528 -- 2004 1.080 1.320 -- 2003 1.000 1.080 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.263 1.467 -- 2005 1.165 1.263 -- 2004 1.055 1.165 -- 2003 1.000 1.055 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.079 2.626 -- 2006 1.655 2.079 -- 2005 1.324 1.655 -- 2004 1.083 1.324 -- 2003 1.000 1.083 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 1.595 1.806 9,977 2006 1.339 1.595 9,977 2005 1.239 1.339 9,977 2004 1.066 1.239 -- 2003 1.000 1.066 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.310 1.565 -- 2005 1.227 1.310 10,032 2004 1.078 1.227 -- 2003 1.000 1.078 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.059 1.082 -- 2005 1.066 1.059 -- 2004 1.000 1.066 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.161 1.198 -- 2005 1.099 1.161 -- 2004 1.035 1.099 -- 2003 1.000 1.035 --
22 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.408 1.681 -- 2006 1.350 1.408 -- 2005 1.226 1.350 -- 2004 1.094 1.226 -- 2003 1.000 1.094 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.148 1.370 -- 2006 1.085 1.148 -- 2005 0.992 1.085 -- 2004 1.006 0.992 -- 2003 1.000 1.006 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.301 1.395 -- 2006 1.125 1.301 -- 2005 1.086 1.125 -- 2004 1.060 1.086 -- 2003 1.000 1.060 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.205 1.348 -- 2005 1.182 1.205 -- 2004 1.049 1.182 -- 2003 1.000 1.049 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.401 1.348 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.340 1.384 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.324 1.362 -- 2006 1.172 1.324 -- 2005 1.147 1.172 -- 2004 1.061 1.147 -- 2003 1.000 1.061 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.387 1.325 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.405 1.431 -- 2006 1.211 1.405 -- 2005 1.159 1.211 -- 2004 1.071 1.159 -- 2003 1.000 1.071 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.123 1.121 --
23 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.351 1.457 -- 2006 1.221 1.351 -- 2005 1.187 1.221 -- 2004 1.051 1.187 -- 2003 1.000 1.051 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.167 1.269 -- 2006 1.105 1.167 -- 2005 1.079 1.105 -- 2004 1.000 1.079 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.017 1.010 -- 2006 0.996 1.017 -- 2005 0.992 0.996 -- 2004 1.000 0.992 -- 2003 1.000 1.000 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.339 1.404 -- 2006 1.156 1.339 -- 2005 1.133 1.156 -- 2004 1.067 1.133 -- 2003 1.000 1.067 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.083 1.127 -- 2006 1.060 1.083 -- 2005 1.027 1.060 -- 2004 1.042 1.027 -- 2003 1.000 1.042 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.342 1.388 -- 2006 1.232 1.342 -- 2005 1.143 1.232 -- 2004 1.069 1.143 -- 2003 1.000 1.069 -- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.268 1.323 -- 2006 1.151 1.268 -- 2005 1.132 1.151 -- 2004 1.065 1.132 -- 2003 1.000 1.065 --
24 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.385 1.437 -- 2006 1.204 1.385 -- 2005 1.189 1.204 -- 2004 1.076 1.189 -- 2003 1.000 1.076 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.534 1.688 -- 2006 1.393 1.534 -- 2005 1.313 1.393 -- 2004 1.079 1.313 -- 2003 1.000 1.079 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.094 1.127 -- 2005 1.074 1.094 -- 2004 1.000 1.074 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.354 1.408 -- 2006 1.425 1.354 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.202 1.212 -- 2006 1.143 1.202 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.454 1.523 -- 2006 1.376 1.454 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.510 1.518 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.194 1.159 -- 2006 1.123 1.194 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.661 1.616 10,151 2006 1.511 1.661 10,151 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.454 1.860 -- 2006 1.421 1.454 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.205 1.065 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.189 1.240 -- 2006 1.127 1.189 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.193 1.250 -- 2006 1.141 1.193 --
25 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.075 1.096 -- 2006 1.001 1.075 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.214 1.332 -- 2006 1.232 1.214 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.220 1.333 -- 2006 1.232 1.220 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.849 1.937 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.389 1.466 -- 2006 1.260 1.389 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.217 1.017 -- 2006 1.003 1.217 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.096 1.158 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.365 1.406 -- 2006 1.273 1.365 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.105 1.219 -- 2006 1.053 1.105 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.157 1.210 -- 2006 1.120 1.157 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.026 0.976 -- 2006 1.003 1.026 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.187 1.401 -- 2006 1.219 1.187 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.052 1.097 -- 2006 1.015 1.052 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.026 1.057 -- 2006 1.005 1.026 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.221 1.245 -- 2006 1.208 1.221 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.257 1.283 -- 2006 1.229 1.257 --
26 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.058 1.071 -- 2006 1.002 1.058 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.040 1.077 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.047 1.076 -- 2006 1.002 1.047 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.052 1.076 -- 2006 1.002 1.052 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.057 1.076 -- 2006 1.002 1.057 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.277 1.304 -- 2006 1.197 1.277 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.049 1.093 14,323 2006 0.996 1.049 14,323 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.141 -- 2006 0.998 1.066 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.147 1.189 -- 2006 1.082 1.147 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.067 1.093 -- 2006 1.033 1.067 -- Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.998 1.005 -- 2005 0.989 0.998 -- 2004 0.998 0.989 -- 2003 1.000 0.998 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.110 1.171 -- 2005 1.070 1.110 -- 2004 1.000 1.070 --
27 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.072 1.092 -- 2006 1.085 1.072 -- 2005 1.084 1.085 -- 2004 1.015 1.084 -- 2003 1.000 1.015 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.068 1.140 -- 2006 1.049 1.068 -- 2005 1.044 1.049 -- 2004 1.015 1.044 -- 2003 1.000 1.015 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.719 1.859 -- 2006 1.372 1.719 -- 2005 1.247 1.372 -- 2004 1.094 1.247 -- 2003 1.000 1.094 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 1.613 1.720 -- 2006 1.402 1.613 -- 2005 1.335 1.402 -- 2004 1.079 1.335 -- 2003 1.000 1.079 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.158 1.232 -- 2005 1.086 1.158 -- 2004 1.040 1.086 -- 2003 1.000 1.040 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.072 1.141 -- 2005 1.089 1.072 -- 2004 1.044 1.089 -- 2003 1.000 1.044 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.306 1.425 -- 2005 1.185 1.306 -- 2004 1.037 1.185 -- 2003 1.000 1.037 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.171 1.229 -- 2005 1.143 1.171 -- 2004 1.060 1.143 -- 2003 1.000 1.060 --
28 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Federated High Yield Subaccount (3/03)... 2006 1.116 1.143 -- 2005 1.110 1.116 -- 2004 1.025 1.110 -- 2003 1.000 1.025 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.210 1.252 -- 2005 1.172 1.210 -- 2004 1.081 1.172 -- 2003 1.000 1.081 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.173 1.208 -- 2005 1.101 1.173 -- 2004 1.054 1.101 -- 2003 1.000 1.054 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.026 1.090 -- 2005 1.000 1.026 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.008 1.010 -- 2005 1.006 1.008 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.038 1.073 -- 2005 0.994 1.038 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.050 1.094 -- 2005 1.000 1.050 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.024 1.042 -- 2005 1.000 1.024 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.298 1.376 -- 2005 1.181 1.298 -- 2004 1.039 1.181 -- 2003 1.000 1.039 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.153 1.219 -- 2005 1.141 1.153 -- 2004 1.020 1.141 -- 2003 1.000 1.020 --
29 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.161 1.197 -- 2005 1.150 1.161 -- 2004 1.052 1.150 -- 2003 1.000 1.052 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.167 1.260 -- 2005 1.118 1.167 -- 2004 1.000 1.118 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.317 1.511 -- 2005 1.226 1.317 10,151 2004 1.080 1.226 -- 2003 1.000 1.080 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.201 1.273 -- 2005 1.155 1.201 -- 2004 1.060 1.155 -- 2003 1.000 1.060 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.001 1.053 -- 2005 1.000 1.001 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.110 1.120 -- 2005 1.092 1.110 -- 2004 1.000 1.092 -- Travelers Quality Bond Subaccount (3/03)........... 2006 1.026 1.015 -- 2005 1.029 1.026 -- 2004 1.016 1.029 -- 2003 1.000 1.016 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.155 1.204 -- 2005 1.154 1.155 -- 2004 1.067 1.154 -- 2003 1.000 1.067 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.071 1.232 -- 2005 1.000 1.071 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.980 1.123 -- 2005 1.000 0.980 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.073 1.033 -- 2005 1.049 1.073 -- 2004 1.000 1.049 --
30 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.444 1.383 -- 2006 1.269 1.444 -- 2005 1.243 1.269 -- 2004 1.079 1.243 -- 2003 1.000 1.079 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.172 1.292 -- 2006 1.119 1.172 -- 2005 1.058 1.119 -- 2004 1.039 1.058 -- 2003 1.000 1.039 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.423 1.384 -- 2005 1.265 1.423 39,342 2004 1.193 1.265 12,302 2003 1.000 1.193 3,122 American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 2.006 2.255 307,669 2006 1.701 2.006 414,586 2005 1.522 1.701 425,481 2004 1.370 1.522 234,452 2003 1.000 1.370 12,737 American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.823 2.005 984,259 2006 1.689 1.823 1,217,103 2005 1.484 1.689 1,231,360 2004 1.347 1.484 923,187 2003 1.000 1.347 28,742 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.666 1.713 1,056,642 2006 1.476 1.666 1,196,266 2005 1.425 1.476 1,210,005 2004 1.318 1.425 940,189 2003 1.000 1.318 26,915
31 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.675 1.654 -- 2005 1.447 1.675 45,457 2004 1.236 1.447 54,593 2003 1.000 1.236 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.752 2.276 -- 2005 1.670 1.752 174,657 2004 1.298 1.670 181,465 2003 1.000 1.298 4,209 Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.451 1.522 46,872 2006 1.272 1.451 51,275 2005 1.244 1.272 48,709 2004 1.210 1.244 112,323 2003 1.000 1.210 3,166 Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.521 1.325 28,131 2006 1.497 1.521 90,610 2005 1.445 1.497 103,403 2004 1.325 1.445 92,570 2003 1.000 1.325 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.295 1.406 -- 2005 1.201 1.295 606,389 2004 1.074 1.201 452,973 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.293 1.439 -- 2005 1.199 1.293 264,001 2004 1.067 1.199 208,937 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.791 2.057 335,661 2006 1.641 1.791 466,272 2005 1.437 1.641 514,208 2004 1.274 1.437 512,381 2003 1.000 1.274 25,112
32 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.632 1.705 1,235 2006 1.464 1.632 13,974 2005 1.239 1.464 26,607 2004 1.249 1.239 28,672 2003 1.000 1.249 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.235 2.524 199,425 2006 2.030 2.235 228,103 2005 1.757 2.030 238,521 2004 1.439 1.757 223,889 2003 1.000 1.439 3,892 Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.506 1.745 -- 2005 1.391 1.506 123,452 2004 1.261 1.391 95,667 2003 1.000 1.261 4,281 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.755 3.474 209,668 2006 2.196 2.755 283,836 2005 1.760 2.196 477,770 2004 1.441 1.760 175,212 2003 1.000 1.441 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.091 2.364 263,107 2006 1.758 2.091 273,758 2005 1.629 1.758 285,759 2004 1.404 1.629 246,113 2003 1.000 1.404 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.670 1.992 -- 2005 1.567 1.670 502,369 2004 1.379 1.567 284,951 2003 1.000 1.379 9,394 High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.057 1.078 -- 2005 1.065 1.057 140,129 2004 1.000 1.065 35,113
33 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.252 1.291 -- 2005 1.187 1.252 -- 2004 1.120 1.187 34,646 2003 1.000 1.120 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.537 1.832 1,079 2006 1.476 1.537 1,396 2005 1.342 1.476 1,381 2004 1.200 1.342 1,158 2003 1.000 1.200 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.617 1.927 6,745 2006 1.531 1.617 -- 2005 1.402 1.531 -- 2004 1.424 1.402 -- 2003 1.000 1.424 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.573 1.684 -- 2006 1.362 1.573 -- 2005 1.317 1.362 -- 2004 1.287 1.317 -- 2003 1.000 1.287 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.523 1.702 -- 2005 1.496 1.523 109,468 2004 1.330 1.496 115,988 2003 1.000 1.330 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.685 1.619 63,454 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.537 1.586 1,332 LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.567 1.610 47,037 2006 1.390 1.567 172,710 2005 1.361 1.390 229,159 2004 1.261 1.361 182,896 2003 1.000 1.261 1,247 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.817 1.734 111,444
34 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.731 1.761 19,780 2006 1.494 1.731 19,224 2005 1.433 1.494 19,417 2004 1.325 1.433 22,710 2003 1.000 1.325 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.480 1.477 28,797 LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.955 2.105 128,848 2006 1.770 1.955 156,184 2005 1.723 1.770 164,255 2004 1.529 1.723 104,264 2003 1.000 1.529 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.162 1.262 -- 2006 1.102 1.162 -- 2005 1.078 1.102 -- 2004 1.000 1.078 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.010 1.002 626,601 2006 0.990 1.010 846,827 2005 0.988 0.990 1,373,996 2004 0.997 0.988 1,756,766 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.754 1.837 -- 2006 1.516 1.754 155,485 2005 1.488 1.516 154,603 2004 1.403 1.488 66,682 2003 1.000 1.403 2,793 LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.433 1.490 -- 2006 1.404 1.433 32,361 2005 1.362 1.404 32,630 2004 1.384 1.362 13,841 2003 1.000 1.384 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.670 1.726 -- 2006 1.535 1.670 75,434 2005 1.427 1.535 75,082 2004 1.335 1.427 53,354 2003 1.000 1.335 --
35 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.523 1.588 -- 2006 1.383 1.523 22,412 2005 1.363 1.383 22,414 2004 1.284 1.363 22,418 2003 1.000 1.284 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.587 1.646 -- 2006 1.382 1.587 616,139 2005 1.366 1.382 644,943 2004 1.239 1.366 440,296 2003 1.000 1.239 12,045 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.774 1.952 -- 2006 1.614 1.774 375,035 2005 1.523 1.614 405,956 2004 1.254 1.523 380,601 2003 1.000 1.254 14,144 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.091 1.124 -- 2005 1.073 1.091 38,276 2004 1.000 1.073 35,707 Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.750 1.817 19,252 2006 1.844 1.750 19,275 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.349 1.358 143,351 2006 1.284 1.349 55,903 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.689 1.769 -- 2006 1.601 1.689 285,396 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.754 1.761 283,024 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.191 1.155 15,087 2006 1.121 1.191 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 2.026 1.967 142,210 2006 1.845 2.026 180,328 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.690 2.159 46,473 2006 1.654 1.690 47,486 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.202 1.061 2,173
36 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.184 1.233 43,949 2006 1.124 1.184 81,377 MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.358 1.420 574,259 2006 1.300 1.358 737,723 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.074 1.093 1,341,264 2006 1.001 1.074 509,578 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.462 1.602 80,415 2006 1.485 1.462 85,462 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.217 1.328 7,147 2006 1.230 1.217 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.313 2.421 17,752 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.384 1.458 3,689 2006 1.256 1.384 26,787 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.014 232,791 2006 1.003 1.216 311,063 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.121 1.183 321,759 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.553 1.597 46,622 2006 1.449 1.553 47,467 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.103 1.216 -- 2006 1.051 1.103 2,430 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.152 1.203 167,628 2006 1.116 1.152 170,070 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.974 519,230 2006 1.003 1.025 507,443 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.526 1.800 22,944 2006 1.569 1.526 23,526 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.061 1.104 73,675 2006 1.025 1.061 101,731 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.012 1.041 526,210 2006 0.993 1.012 138,310
37 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.412 1.437 39,332 2006 1.397 1.412 39,570 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.557 1.587 93,931 2006 1.523 1.557 136,858 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.057 1.068 -- 2006 1.002 1.057 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.039 1.074 -- 2006 1.001 1.039 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.046 1.073 -- 2006 1.002 1.046 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.074 9,251 2006 1.002 1.051 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.056 1.074 -- 2006 1.002 1.056 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.411 1.439 332,792 2006 1.324 1.411 363,357 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.047 1.090 1,302,401 2006 0.996 1.047 1,567,955 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.065 1.138 42,448 2006 0.998 1.065 52,969 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.142 1.184 -- 2006 1.078 1.142 152,912 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.062 1.087 44,147 2006 1.030 1.062 42,764 Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.986 0.993 -- 2005 0.979 0.986 86,111 2004 0.989 0.979 465,719 2003 1.000 0.989 --
38 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.107 1.168 -- 2005 1.069 1.107 245,415 2004 1.000 1.069 164,492 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.096 1.117 -- 2006 1.112 1.096 364,652 2005 1.112 1.112 384,057 2004 1.043 1.112 514,310 2003 1.000 1.043 1,456 PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.068 1.138 710,402 2006 1.051 1.068 782,465 2005 1.047 1.051 774,951 2004 1.020 1.047 519,365 2003 1.000 1.020 15,475 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.152 2.326 -- 2006 1.720 2.152 12,141 2005 1.566 1.720 12,364 2004 1.376 1.566 23,385 2003 1.000 1.376 2,892 Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.295 2.447 -- 2006 1.998 2.295 43,291 2005 1.906 1.998 49,635 2004 1.542 1.906 16,112 2003 1.000 1.542 1,021 The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.397 1.485 -- 2005 1.312 1.397 81,925 2004 1.258 1.312 93,031 2003 1.000 1.258 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.222 1.300 -- 2005 1.243 1.222 1,216,833 2004 1.194 1.243 1,516,068 2003 1.000 1.194 10,500 Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.691 1.844 -- 2005 1.536 1.691 23,485 2004 1.347 1.536 11,457 2003 1.000 1.347 --
39 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.452 1.523 -- 2005 1.419 1.452 141,616 2004 1.319 1.419 135,951 2003 1.000 1.319 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.255 1.284 -- 2005 1.249 1.255 49,177 2004 1.156 1.249 31,594 2003 1.000 1.156 1,648 Travelers Federated Stock Subaccount (3/03)........ 2006 1.441 1.490 -- 2005 1.398 1.441 2,771 2004 1.291 1.398 2,096 2003 1.000 1.291 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.358 1.397 -- 2005 1.276 1.358 45,736 2004 1.223 1.276 22,564 2003 1.000 1.223 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.026 1.089 -- 2005 1.000 1.026 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.007 1.009 -- 2005 1.005 1.007 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.037 1.072 -- 2005 0.994 1.037 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.050 1.093 -- 2005 1.000 1.050 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.023 1.041 -- 2005 1.000 1.023 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.510 1.601 -- 2005 1.376 1.510 283,484 2004 1.213 1.376 206,393 2003 1.000 1.213 10,307
40 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.485 1.569 -- 2005 1.472 1.485 23,234 2004 1.317 1.472 21,906 2003 1.000 1.317 11,566 Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.285 1.324 -- 2005 1.274 1.285 431,956 2004 1.168 1.274 440,081 2003 1.000 1.168 10,822 Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.164 1.256 -- 2005 1.117 1.164 25,085 2004 1.000 1.117 48,449 Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.609 1.845 -- 2005 1.500 1.609 252,815 2004 1.323 1.500 86,451 2003 1.000 1.323 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.368 1.449 -- 2005 1.318 1.368 55,947 2004 1.211 1.318 159,854 2003 1.000 1.211 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.001 1.051 -- 2005 1.000 1.001 2,433 Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.107 1.116 -- 2005 1.091 1.107 168,079 2004 1.000 1.091 98,398 Travelers Quality Bond Subaccount (3/03)........... 2006 1.036 1.025 -- 2005 1.041 1.036 123,686 2004 1.029 1.041 252,723 2003 1.000 1.029 11,845 Travelers Strategic Equity Subaccount (3/03)....... 2006 1.368 1.426 -- 2005 1.369 1.368 -- 2004 1.269 1.369 -- 2003 1.000 1.269 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.071 1.230 -- 2005 1.000 1.071 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.979 1.121 -- 2005 1.000 0.979 --
41 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.070 1.030 -- 2005 1.047 1.070 166,408 2004 1.000 1.047 6,600 Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.747 1.670 186,474 2006 1.537 1.747 232,116 2005 1.507 1.537 348,842 2004 1.311 1.507 292,501 2003 1.000 1.311 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.376 1.516 -- 2006 1.316 1.376 -- 2005 1.246 1.316 -- 2004 1.226 1.246 -- 2003 1.000 1.226 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.231 1.197 -- 2005 1.095 1.231 -- 2004 1.033 1.095 -- 2003 1.000 1.033 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.557 1.750 -- 2006 1.321 1.557 -- 2005 1.183 1.321 -- 2004 1.065 1.183 -- 2003 1.000 1.065 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.410 1.550 -- 2006 1.307 1.410 -- 2005 1.149 1.307 -- 2004 1.044 1.149 -- 2003 1.000 1.044 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.340 1.377 -- 2006 1.188 1.340 -- 2005 1.147 1.188 -- 2004 1.062 1.147 -- 2003 1.000 1.062 --
42 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.432 1.414 -- 2005 1.238 1.432 -- 2004 1.058 1.238 -- 2003 1.000 1.058 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.420 1.843 -- 2005 1.354 1.420 -- 2004 1.053 1.354 -- 2003 1.000 1.053 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.268 1.330 -- 2006 1.112 1.268 -- 2005 1.089 1.112 -- 2004 1.059 1.089 -- 2003 1.000 1.059 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.190 1.036 -- 2006 1.171 1.190 -- 2005 1.131 1.171 -- 2004 1.038 1.131 -- 2003 1.000 1.038 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.294 1.405 -- 2005 1.200 1.294 -- 2004 1.073 1.200 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.291 1.437 -- 2005 1.198 1.291 -- 2004 1.067 1.198 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.470 1.687 -- 2006 1.348 1.470 -- 2005 1.180 1.348 -- 2004 1.047 1.180 -- 2003 1.000 1.047 --
43 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.363 1.423 -- 2006 1.223 1.363 -- 2005 1.035 1.223 -- 2004 1.045 1.035 -- 2003 1.000 1.045 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.674 1.889 -- 2006 1.521 1.674 -- 2005 1.317 1.521 -- 2004 1.079 1.317 -- 2003 1.000 1.079 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.258 1.457 -- 2005 1.162 1.258 -- 2004 1.054 1.162 -- 2003 1.000 1.054 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.066 2.604 -- 2006 1.648 2.066 -- 2005 1.321 1.648 -- 2004 1.083 1.321 -- 2003 1.000 1.083 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 1.585 1.791 -- 2006 1.333 1.585 -- 2005 1.236 1.333 -- 2004 1.066 1.236 -- 2003 1.000 1.066 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.304 1.555 -- 2005 1.224 1.304 -- 2004 1.078 1.224 -- 2003 1.000 1.078 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.056 1.077 -- 2005 1.065 1.056 -- 2004 1.000 1.065 --
44 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.156 1.192 -- 2005 1.097 1.156 -- 2004 1.035 1.097 -- 2003 1.000 1.035 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.399 1.667 -- 2006 1.345 1.399 -- 2005 1.223 1.345 -- 2004 1.094 1.223 -- 2003 1.000 1.094 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.141 1.358 -- 2006 1.081 1.141 -- 2005 0.990 1.081 -- 2004 1.006 0.990 -- 2003 1.000 1.006 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.293 1.384 -- 2006 1.120 1.293 -- 2005 1.084 1.120 -- 2004 1.060 1.084 -- 2003 1.000 1.060 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.200 1.340 -- 2005 1.179 1.200 -- 2004 1.048 1.179 -- 2003 1.000 1.048 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.392 1.337 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.331 1.372 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.315 1.351 -- 2006 1.167 1.315 -- 2005 1.144 1.167 -- 2004 1.060 1.144 -- 2003 1.000 1.060 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.377 1.314 --
45 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.396 1.420 -- 2006 1.206 1.396 -- 2005 1.157 1.206 -- 2004 1.071 1.157 -- 2003 1.000 1.071 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.115 1.112 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.342 1.445 -- 2006 1.216 1.342 -- 2005 1.184 1.216 -- 2004 1.051 1.184 -- 2003 1.000 1.051 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.161 1.260 -- 2006 1.101 1.161 -- 2005 1.078 1.101 -- 2004 1.000 1.078 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.010 1.002 -- 2006 0.991 1.010 -- 2005 0.990 0.991 -- 2004 0.999 0.990 -- 2003 1.000 0.999 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.331 1.394 -- 2006 1.151 1.331 -- 2005 1.131 1.151 -- 2004 1.067 1.131 -- 2003 1.000 1.067 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.077 1.120 -- 2006 1.055 1.077 -- 2005 1.025 1.055 -- 2004 1.042 1.025 -- 2003 1.000 1.042 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.334 1.379 -- 2006 1.227 1.334 -- 2005 1.141 1.227 -- 2004 1.068 1.141 -- 2003 1.000 1.068 --
46 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.260 1.314 -- 2006 1.146 1.260 -- 2005 1.130 1.146 -- 2004 1.065 1.130 -- 2003 1.000 1.065 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.376 1.428 -- 2006 1.199 1.376 -- 2005 1.186 1.199 -- 2004 1.076 1.186 -- 2003 1.000 1.076 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.524 1.677 -- 2006 1.387 1.524 -- 2005 1.310 1.387 -- 2004 1.079 1.310 -- 2003 1.000 1.079 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.090 1.123 -- 2005 1.073 1.090 -- 2004 1.000 1.073 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.345 1.396 -- 2006 1.418 1.345 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.195 1.202 -- 2006 1.138 1.195 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.445 1.512 -- 2006 1.370 1.445 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.500 1.505 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.190 1.154 -- 2006 1.121 1.190 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.651 1.602 -- 2006 1.504 1.651 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.445 1.845 -- 2006 1.414 1.445 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.201 1.060 --
47 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.183 1.231 -- 2006 1.123 1.183 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.185 1.239 -- 2006 1.135 1.185 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.074 1.093 -- 2006 1.001 1.074 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.206 1.321 -- 2006 1.226 1.206 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.216 1.326 -- 2006 1.230 1.216 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.836 1.921 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.382 1.455 -- 2006 1.255 1.382 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.014 -- 2006 1.003 1.216 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.089 1.149 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.357 1.394 -- 2006 1.266 1.357 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.102 1.214 -- 2006 1.051 1.102 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.151 1.201 -- 2006 1.115 1.151 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.973 -- 2006 1.003 1.025 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.179 1.390 -- 2006 1.213 1.179 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.046 1.088 -- 2006 1.011 1.046 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.019 1.048 -- 2006 1.000 1.019 --
48 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.214 1.235 -- 2006 1.202 1.214 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.250 1.273 -- 2006 1.223 1.250 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.056 1.068 -- 2006 1.002 1.056 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.039 1.073 -- 2006 1.001 1.039 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.072 -- 2006 1.002 1.045 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.073 -- 2006 1.002 1.051 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.073 -- 2006 1.002 1.055 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.269 1.293 -- 2006 1.191 1.269 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.047 1.089 -- 2006 0.996 1.047 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.065 1.137 -- 2006 0.998 1.065 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.140 1.182 -- 2006 1.077 1.140 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.061 1.085 -- 2006 1.029 1.061 -- Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.993 1.000 -- 2005 0.987 0.993 -- 2004 0.998 0.987 -- 2003 1.000 0.998 --
49 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.106 1.166 -- 2005 1.068 1.106 -- 2004 1.000 1.068 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.065 1.084 -- 2006 1.081 1.065 -- 2005 1.081 1.081 -- 2004 1.015 1.081 -- 2003 1.000 1.015 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.062 1.130 -- 2006 1.045 1.062 -- 2005 1.042 1.045 -- 2004 1.015 1.042 -- 2003 1.000 1.015 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.708 1.846 -- 2006 1.366 1.708 -- 2005 1.244 1.366 -- 2004 1.094 1.244 -- 2003 1.000 1.094 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 1.603 1.708 -- 2006 1.396 1.603 -- 2005 1.332 1.396 -- 2004 1.079 1.332 -- 2003 1.000 1.079 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.153 1.226 -- 2005 1.083 1.153 -- 2004 1.039 1.083 -- 2003 1.000 1.039 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.067 1.135 -- 2005 1.086 1.067 -- 2004 1.044 1.086 -- 2003 1.000 1.044 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.301 1.418 -- 2005 1.182 1.301 -- 2004 1.037 1.182 -- 2003 1.000 1.037 --
50 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.166 1.223 -- 2005 1.140 1.166 -- 2004 1.060 1.140 -- 2003 1.000 1.060 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.112 1.138 -- 2005 1.107 1.112 -- 2004 1.025 1.107 -- 2003 1.000 1.025 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.205 1.246 -- 2005 1.169 1.205 -- 2004 1.081 1.169 -- 2003 1.000 1.081 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.168 1.202 -- 2005 1.098 1.168 -- 2004 1.053 1.098 -- 2003 1.000 1.053 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.088 -- 2005 1.000 1.025 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.007 1.009 -- 2005 1.005 1.007 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.036 1.072 -- 2005 0.994 1.036 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.049 1.093 -- 2005 1.000 1.049 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.023 1.041 -- 2005 1.000 1.023 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.292 1.370 -- 2005 1.178 1.292 -- 2004 1.039 1.178 -- 2003 1.000 1.039 --
51 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.148 1.213 -- 2005 1.138 1.148 -- 2004 1.019 1.138 -- 2003 1.000 1.019 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.156 1.191 -- 2005 1.147 1.156 -- 2004 1.052 1.147 -- 2003 1.000 1.052 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.163 1.255 -- 2005 1.117 1.163 -- 2004 1.000 1.117 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.312 1.504 -- 2005 1.224 1.312 -- 2004 1.080 1.224 -- 2003 1.000 1.080 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.196 1.266 -- 2005 1.153 1.196 -- 2004 1.060 1.153 -- 2003 1.000 1.060 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.000 1.051 -- 2005 1.000 1.000 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.106 1.115 -- 2005 1.090 1.106 -- 2004 1.000 1.090 -- Travelers Quality Bond Subaccount (3/03)........... 2006 1.022 1.011 -- 2005 1.027 1.022 -- 2004 1.016 1.027 -- 2003 1.000 1.016 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.150 1.198 -- 2005 1.151 1.150 -- 2004 1.067 1.151 -- 2003 1.000 1.067 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.070 1.230 -- 2005 1.000 1.070 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.979 1.121 -- 2005 1.000 0.979 --
52 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.069 1.029 -- 2005 1.047 1.069 -- 2004 1.000 1.047 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.435 1.372 -- 2006 1.263 1.435 -- 2005 1.240 1.263 -- 2004 1.079 1.240 -- 2003 1.000 1.079 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.165 1.282 -- 2006 1.114 1.165 -- 2005 1.055 1.114 -- 2004 1.039 1.055 -- 2003 1.000 1.039 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.419 1.379 -- 2005 1.263 1.419 -- 2004 1.192 1.263 -- 2003 1.000 1.192 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.998 2.245 208,526 2006 1.696 1.998 352,227 2005 1.520 1.696 311,115 2004 1.369 1.520 152,636 2003 1.000 1.369 7,894 American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.816 1.996 604,397 2006 1.684 1.816 891,439 2005 1.482 1.684 1,157,392 2004 1.346 1.482 542,670 2003 1.000 1.346 119,024 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.659 1.705 409,954 2006 1.472 1.659 693,728 2005 1.422 1.472 738,222 2004 1.317 1.422 433,106 2003 1.007 1.317 3,553
53 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.670 1.649 -- 2005 1.444 1.670 44,279 2004 1.235 1.444 -- 2003 1.000 1.235 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.748 2.267 -- 2005 1.667 1.748 20,620 2004 1.297 1.667 -- 2003 1.000 1.297 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.445 1.514 6,513 2006 1.268 1.445 6,642 2005 1.242 1.268 6,544 2004 1.209 1.242 -- 2003 1.000 1.209 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.516 1.318 7,047 2006 1.493 1.516 41,932 2005 1.442 1.493 41,812 2004 1.324 1.442 -- 2003 1.000 1.324 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.293 1.403 -- 2005 1.199 1.293 103,561 2004 1.073 1.199 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.290 1.435 -- 2005 1.197 1.290 17,336 2004 1.067 1.197 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.784 2.047 59,001 2006 1.637 1.784 160,731 2005 1.434 1.637 113,211 2004 1.273 1.434 -- 2003 1.000 1.273 --
54 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.626 1.697 -- 2006 1.460 1.626 -- 2005 1.237 1.460 -- 2004 1.248 1.237 -- 2003 1.000 1.248 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.227 2.512 96,222 2006 2.025 2.227 167,194 2005 1.754 2.025 143,326 2004 1.438 1.754 18,434 2003 1.000 1.438 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.501 1.739 -- 2005 1.388 1.501 195,115 2004 1.260 1.388 129,222 2003 1.000 1.260 80,498 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.745 3.458 26,064 2006 2.191 2.745 84,885 2005 1.757 2.191 115,785 2004 1.440 1.757 10,803 2003 1.000 1.440 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.083 2.352 52,970 2006 1.753 2.083 101,112 2005 1.627 1.753 200,936 2004 1.403 1.627 32,716 2003 1.000 1.403 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.666 1.985 -- 2005 1.564 1.666 281,583 2004 1.378 1.564 7,737 2003 1.000 1.378 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.055 1.076 -- 2005 1.064 1.055 80,782 2004 1.000 1.064 --
55 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.248 1.287 -- 2005 1.185 1.248 -- 2004 1.119 1.185 -- 2003 1.000 1.119 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.532 1.823 -- 2006 1.472 1.532 -- 2005 1.340 1.472 -- 2004 1.199 1.340 -- 2003 1.000 1.199 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.611 1.918 -- 2006 1.527 1.611 -- 2005 1.399 1.527 -- 2004 1.423 1.399 -- 2003 1.000 1.423 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.567 1.676 -- 2006 1.358 1.567 -- 2005 1.315 1.358 -- 2004 1.286 1.315 -- 2003 1.000 1.286 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.519 1.696 -- 2005 1.493 1.519 63,025 2004 1.329 1.493 1,482 2003 1.000 1.329 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.678 1.611 54,829 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.531 1.579 183,049 LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.561 1.602 101,790 2006 1.386 1.561 136,974 2005 1.359 1.386 140,639 2004 1.260 1.359 63,632 2003 1.000 1.260 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.809 1.726 104,702
56 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.724 1.752 8,277 2006 1.490 1.724 9,195 2005 1.430 1.490 9,199 2004 1.324 1.430 1,406 2003 1.000 1.324 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.474 1.470 20,599 LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.947 2.095 28,964 2006 1.765 1.947 48,764 2005 1.720 1.765 20,331 2004 1.527 1.720 11,011 2003 1.000 1.527 11,011 LMPVET Social Awareness Subaccount (5/04).......... 2007 1.159 1.257 -- 2006 1.100 1.159 -- 2005 1.077 1.100 -- 2004 1.000 1.077 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.006 0.998 59,114 2006 0.988 1.006 92,288 2005 0.987 0.988 102,498 2004 0.997 0.987 277,373 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.747 1.829 -- 2006 1.512 1.747 6,365 2005 1.485 1.512 1,675 2004 1.402 1.485 104,060 2003 1.000 1.402 102,702 LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.427 1.484 -- 2006 1.400 1.427 3,604 2005 1.360 1.400 3,608 2004 1.383 1.360 -- 2003 1.000 1.383 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.663 1.719 -- 2006 1.531 1.663 1,011 2005 1.424 1.531 2,152 2004 1.334 1.424 -- 2003 1.000 1.334 --
57 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.517 1.582 -- 2006 1.380 1.517 -- 2005 1.361 1.380 -- 2004 1.283 1.361 -- 2003 1.000 1.283 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.581 1.640 -- 2006 1.378 1.581 216,659 2005 1.364 1.378 221,399 2004 1.238 1.364 143,847 2003 1.000 1.238 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.767 1.944 -- 2006 1.610 1.767 131,615 2005 1.520 1.610 173,155 2004 1.253 1.520 38,251 2003 1.000 1.253 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.089 1.122 -- 2005 1.072 1.089 35,706 2004 1.000 1.072 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.743 1.809 -- 2006 1.838 1.743 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.344 1.351 16,091 2006 1.280 1.344 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.683 1.761 -- 2006 1.596 1.683 82,202 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.747 1.753 66,948 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.190 1.152 16,312 2006 1.120 1.190 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 2.019 1.958 90,386 2006 1.839 2.019 63,837 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.684 2.149 29,643 2006 1.649 1.684 54,161 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.200 1.059 20,307
58 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.181 1.228 14,659 2006 1.122 1.181 42,651 MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.353 1.414 13,470 2006 1.296 1.353 15,312 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.073 1.092 120,802 2006 1.001 1.073 178,614 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.457 1.594 -- 2006 1.480 1.457 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.215 1.324 7,611 2006 1.229 1.215 8,360 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.304 2.410 8,322 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.380 1.453 150,373 2006 1.254 1.380 86,479 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.215 1.013 37,701 2006 1.003 1.215 64,528 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.117 1.178 219,360 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.547 1.589 9,444 2006 1.445 1.547 9,481 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.101 1.213 -- 2006 1.051 1.101 21,269 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.149 1.199 227,032 2006 1.114 1.149 340,509 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.972 143,102 2006 1.003 1.025 158,242 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.521 1.791 14,695 2006 1.564 1.521 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.057 1.099 21,622 2006 1.022 1.057 20,831 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.008 1.036 29,348 2006 0.990 1.008 30,698
59 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.406 1.430 38,087 2006 1.393 1.406 41,136 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.551 1.579 154,005 2006 1.518 1.551 249,144 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.056 1.067 -- 2006 1.002 1.056 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.038 1.072 -- 2006 1.001 1.038 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.071 117,952 2006 1.002 1.045 120,201 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.072 -- 2006 1.002 1.050 264,955 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.072 -- 2006 1.002 1.055 267,079 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.405 1.432 461,771 2006 1.320 1.405 569,992 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.047 1.088 345,954 2006 0.996 1.047 644,897 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.136 -- 2006 0.998 1.064 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.139 1.180 -- 2006 1.076 1.139 71,719 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.060 1.083 40,975 2006 1.028 1.060 55,124 Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.983 0.990 -- 2005 0.977 0.983 -- 2004 0.989 0.977 -- 2003 1.000 0.989 --
60 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.105 1.165 -- 2005 1.068 1.105 -- 2004 1.000 1.068 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.092 1.112 -- 2006 1.109 1.092 180,266 2005 1.110 1.109 208,749 2004 1.042 1.110 157,639 2003 1.000 1.042 8,555 PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.064 1.132 464,098 2006 1.048 1.064 589,101 2005 1.046 1.048 611,269 2004 1.019 1.046 458,318 2003 0.998 1.019 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.144 2.316 -- 2006 1.716 2.144 -- 2005 1.563 1.716 -- 2004 1.375 1.563 -- 2003 1.018 1.375 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.286 2.437 -- 2006 1.993 2.286 51,733 2005 1.903 1.993 26,730 2004 1.541 1.903 13,240 2003 1.000 1.541 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.393 1.480 -- 2005 1.309 1.393 -- 2004 1.257 1.309 -- 2003 1.000 1.257 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.218 1.296 -- 2005 1.241 1.218 44,547 2004 1.193 1.241 -- 2003 1.000 1.193 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.686 1.838 -- 2005 1.533 1.686 -- 2004 1.346 1.533 -- 2003 1.000 1.346 --
61 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.448 1.518 -- 2005 1.416 1.448 225,054 2004 1.318 1.416 83,992 2003 1.000 1.318 9,187 Travelers Federated High Yield Subaccount (3/03)... 2006 1.251 1.280 -- 2005 1.247 1.251 3,078 2004 1.155 1.247 -- 2003 1.000 1.155 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.437 1.486 -- 2005 1.395 1.437 -- 2004 1.290 1.395 -- 2003 1.000 1.290 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.354 1.393 -- 2005 1.274 1.354 32,294 2004 1.222 1.274 2,890 2003 1.000 1.222 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.088 -- 2005 1.000 1.025 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.007 1.009 -- 2005 1.005 1.007 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.036 1.071 -- 2005 0.994 1.036 247,822 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.049 1.092 -- 2005 1.000 1.049 249,318 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.022 1.040 -- 2005 1.000 1.022 110,895 Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.506 1.596 -- 2005 1.374 1.506 79,498 2004 1.212 1.374 -- 2003 1.000 1.212 --
62 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.481 1.564 -- 2005 1.469 1.481 -- 2004 1.316 1.469 -- 2003 1.000 1.316 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.281 1.320 -- 2005 1.272 1.281 687,194 2004 1.167 1.272 170,874 2003 1.003 1.167 12,195 Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.163 1.254 -- 2005 1.116 1.163 359,684 2004 1.000 1.116 44,093 Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.604 1.839 -- 2005 1.497 1.604 66,903 2004 1.322 1.497 27,609 2003 1.000 1.322 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.364 1.445 -- 2005 1.316 1.364 6,297 2004 1.210 1.316 -- 2003 1.000 1.210 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.000 1.051 -- 2005 1.000 1.000 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.105 1.114 -- 2005 1.090 1.105 285,343 2004 1.000 1.090 123,208 Travelers Quality Bond Subaccount (3/03)........... 2006 1.033 1.022 -- 2005 1.039 1.033 12,007 2004 1.029 1.039 -- 2003 1.000 1.029 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.365 1.421 -- 2005 1.367 1.365 2,341 2004 1.268 1.367 -- 2003 1.000 1.268 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.070 1.229 -- 2005 1.000 1.070 5,294 Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.979 1.120 -- 2005 1.000 0.979 --
63 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.068 1.028 -- 2005 1.047 1.068 59,199 2004 1.000 1.047 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.740 1.662 87,250 2006 1.533 1.740 175,347 2005 1.505 1.533 211,606 2004 1.310 1.505 -- 2003 1.000 1.310 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.371 1.508 -- 2006 1.313 1.371 -- 2005 1.244 1.313 -- 2004 1.225 1.244 -- 2003 1.000 1.225 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.415 1.374 -- 2005 1.261 1.415 -- 2004 1.191 1.261 -- 2003 1.000 1.191 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.991 2.234 1,656 2006 1.691 1.991 2,589 2005 1.517 1.691 2,644 2004 1.368 1.517 4,344 2003 1.000 1.368 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.809 1.986 76,629 2006 1.680 1.809 114,296 2005 1.479 1.680 244,595 2004 1.345 1.479 250,691 2003 1.000 1.345 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.653 1.697 43,244 2006 1.468 1.653 77,575 2005 1.420 1.468 149,489 2004 1.316 1.420 176,539 2003 1.000 1.316 2,830
64 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.665 1.644 -- 2005 1.442 1.665 12,726 2004 1.234 1.442 -- 2003 1.000 1.234 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.743 2.259 -- 2005 1.664 1.743 39,879 2004 1.296 1.664 39,497 2003 1.000 1.296 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.440 1.507 -- 2006 1.265 1.440 -- 2005 1.240 1.265 -- 2004 1.208 1.240 -- 2003 1.000 1.208 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.510 1.312 1,329 2006 1.489 1.510 11,987 2005 1.440 1.489 16,129 2004 1.323 1.440 -- 2003 1.000 1.323 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.290 1.400 -- 2005 1.198 1.290 4,463 2004 1.073 1.198 2,121 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.287 1.431 -- 2005 1.196 1.287 49,669 2004 1.067 1.196 51,868 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.778 2.037 7,107 2006 1.632 1.778 47,975 2005 1.432 1.632 46,080 2004 1.272 1.432 48,145 2003 1.000 1.272 --
65 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.620 1.689 -- 2006 1.456 1.620 -- 2005 1.234 1.456 -- 2004 1.247 1.234 -- 2003 1.000 1.247 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.218 2.500 4,967 2006 2.019 2.218 53,444 2005 1.751 2.019 55,392 2004 1.437 1.751 57,438 2003 1.000 1.437 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.497 1.732 -- 2005 1.386 1.497 9,287 2004 1.259 1.386 4,690 2003 1.000 1.259 2,907 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.735 3.442 5,074 2006 2.185 2.735 49,387 2005 1.754 2.185 50,633 2004 1.439 1.754 33,018 2003 1.000 1.439 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.075 2.341 22,659 2006 1.748 2.075 22,755 2005 1.624 1.748 22,827 2004 1.402 1.624 29,189 2003 1.000 1.402 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.661 1.977 -- 2005 1.561 1.661 17,999 2004 1.377 1.561 3,426 2003 1.000 1.377 2,800 High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.053 1.074 -- 2005 1.063 1.053 10,946 2004 1.000 1.063 10,946
66 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.245 1.283 -- 2005 1.183 1.245 -- 2004 1.118 1.183 -- 2003 1.000 1.118 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.526 1.815 -- 2006 1.468 1.526 -- 2005 1.338 1.468 75,074 2004 1.198 1.338 75,074 2003 1.000 1.198 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.605 1.909 -- 2006 1.523 1.605 -- 2005 1.397 1.523 40,595 2004 1.421 1.397 40,595 2003 1.000 1.421 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.561 1.668 -- 2006 1.354 1.561 -- 2005 1.313 1.354 -- 2004 1.285 1.313 -- 2003 1.000 1.285 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.515 1.690 -- 2005 1.491 1.515 10,166 2004 1.328 1.491 -- 2003 1.000 1.328 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.671 1.604 32,597 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.525 1.571 15,245 LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.555 1.594 14,575 2006 1.382 1.555 14,575 2005 1.357 1.382 192,293 2004 1.259 1.357 190,445 2003 1.000 1.259 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.802 1.718 18,161
67 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.718 1.744 -- 2006 1.486 1.718 -- 2005 1.427 1.486 -- 2004 1.323 1.427 -- 2003 1.000 1.323 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.468 1.463 31,367 LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.940 2.085 -- 2006 1.760 1.940 -- 2005 1.717 1.760 -- 2004 1.526 1.717 -- 2003 1.000 1.526 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.156 1.253 -- 2006 1.098 1.156 -- 2005 1.077 1.098 -- 2004 1.000 1.077 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.003 0.993 173,208 2006 0.986 1.003 201,975 2005 0.985 0.986 664,366 2004 0.997 0.985 809,141 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.740 1.822 -- 2006 1.508 1.740 45,460 2005 1.483 1.508 43,863 2004 1.401 1.483 41,099 2003 1.000 1.401 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.422 1.478 -- 2006 1.396 1.422 -- 2005 1.357 1.396 -- 2004 1.382 1.357 -- 2003 1.000 1.382 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.657 1.712 -- 2006 1.527 1.657 -- 2005 1.422 1.527 -- 2004 1.333 1.422 -- 2003 1.000 1.333 --
68 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.511 1.575 -- 2006 1.376 1.511 -- 2005 1.358 1.376 -- 2004 1.283 1.358 -- 2003 1.000 1.283 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.575 1.633 -- 2006 1.374 1.575 91,117 2005 1.362 1.374 148,679 2004 1.237 1.362 133,090 2003 1.000 1.237 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.761 1.936 -- 2006 1.605 1.761 44,081 2005 1.518 1.605 88,457 2004 1.252 1.518 39,363 2003 1.000 1.252 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.088 1.120 -- 2005 1.072 1.088 -- 2004 1.000 1.072 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.737 1.800 -- 2006 1.833 1.737 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.339 1.345 18,576 2006 1.276 1.339 9,298 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.677 1.754 -- 2006 1.591 1.677 22,704 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.739 1.744 23,368 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.188 1.149 -- 2006 1.120 1.188 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 2.011 1.948 10,956 2006 1.834 2.011 32,894 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.678 2.139 12,196 2006 1.644 1.678 13,250 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.198 1.056 --
69 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.178 1.224 -- 2006 1.120 1.178 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.348 1.407 66,365 2006 1.292 1.348 129,495 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.073 1.090 49,906 2006 1.001 1.073 15,605 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.451 1.587 -- 2006 1.476 1.451 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.213 1.321 -- 2006 1.228 1.213 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.294 2.398 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.376 1.447 -- 2006 1.251 1.376 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.011 6,213 2006 1.003 1.214 66,580 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.112 1.172 5,842 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.542 1.582 -- 2006 1.440 1.542 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.100 1.211 -- 2006 1.050 1.100 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.146 1.195 66,887 2006 1.112 1.146 13,027 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.970 3,846 2006 1.003 1.024 88,717 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.515 1.783 684 2006 1.559 1.515 685 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.053 1.094 19,691 2006 1.019 1.053 22,645 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.004 1.031 64,034 2006 0.987 1.004 77,836
70 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.401 1.423 -- 2006 1.389 1.401 4,960 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.545 1.572 35,666 2006 1.513 1.545 35,724 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.065 10,510 2006 1.002 1.055 10,908 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.038 1.071 -- 2006 1.001 1.038 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.044 1.070 33,150 2006 1.002 1.044 32,152 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.070 -- 2006 1.002 1.050 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.070 31,945 2006 1.002 1.054 32,457 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.400 1.425 61,161 2006 1.316 1.400 59,629 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.046 1.086 27,935 2006 0.996 1.046 37,856 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.135 -- 2006 0.998 1.064 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.136 1.177 -- 2006 1.074 1.136 10,946 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.057 1.079 10,803 2006 1.026 1.057 10,803 Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.981 0.987 -- 2005 0.975 0.981 -- 2004 0.988 0.975 -- 2003 1.000 0.988 --
71 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.103 1.163 -- 2005 1.067 1.103 2,668 2004 1.000 1.067 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.088 1.108 -- 2006 1.106 1.088 5,489 2005 1.109 1.106 5,273 2004 1.042 1.109 5,008 2003 1.000 1.042 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.060 1.127 115,056 2006 1.045 1.060 52,020 2005 1.044 1.045 59,464 2004 1.018 1.044 51,269 2003 1.000 1.018 3,200 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.135 2.307 -- 2006 1.711 2.135 -- 2005 1.560 1.711 -- 2004 1.374 1.560 -- 2003 1.000 1.374 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.278 2.427 -- 2006 1.987 2.278 -- 2005 1.900 1.987 36,298 2004 1.540 1.900 32,258 2003 1.000 1.540 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.389 1.476 -- 2005 1.307 1.389 -- 2004 1.256 1.307 -- 2003 1.000 1.256 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.215 1.292 -- 2005 1.239 1.215 249,052 2004 1.192 1.239 291,489 2003 1.000 1.192 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.682 1.833 -- 2005 1.531 1.682 -- 2004 1.345 1.531 -- 2003 1.000 1.345 --
72 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.444 1.513 -- 2005 1.414 1.444 35,658 2004 1.317 1.414 9,822 2003 1.000 1.317 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.248 1.276 -- 2005 1.245 1.248 15,787 2004 1.154 1.245 9,298 2003 1.000 1.154 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.433 1.481 -- 2005 1.393 1.433 2,334 2004 1.289 1.393 -- 2003 1.000 1.289 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.351 1.389 -- 2005 1.271 1.351 4,855 2004 1.221 1.271 -- 2003 1.000 1.221 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.087 -- 2005 1.000 1.025 6,807 Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.008 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.036 1.070 -- 2005 0.994 1.036 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.048 1.091 -- 2005 1.000 1.048 19,861 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.022 1.039 -- 2005 1.000 1.022 20,233 Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.502 1.591 -- 2005 1.371 1.502 22,526 2004 1.211 1.371 -- 2003 1.000 1.211 --
73 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.477 1.559 -- 2005 1.466 1.477 45 2004 1.315 1.466 -- 2003 1.000 1.315 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.278 1.316 -- 2005 1.270 1.278 59,136 2004 1.166 1.270 16,985 2003 1.000 1.166 2,981 Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.161 1.251 -- 2005 1.115 1.161 10,394 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.600 1.834 -- 2005 1.495 1.600 32,896 2004 1.321 1.495 12,686 2003 1.000 1.321 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.361 1.440 -- 2005 1.314 1.361 -- 2004 1.210 1.314 -- 2003 1.000 1.210 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.000 1.050 -- 2005 1.000 1.000 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.103 1.112 -- 2005 1.089 1.103 20,359 2004 1.000 1.089 13,032 Travelers Quality Bond Subaccount (3/03)........... 2006 1.031 1.019 -- 2005 1.037 1.031 22,657 2004 1.028 1.037 19,691 2003 1.000 1.028 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.361 1.417 -- 2005 1.365 1.361 -- 2004 1.267 1.365 -- 2003 1.000 1.267 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.069 1.228 -- 2005 1.000 1.069 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.978 1.120 -- 2005 1.000 0.978 --
74 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.067 1.026 -- 2005 1.046 1.067 10,803 2004 1.000 1.046 10,803 Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.733 1.654 -- 2006 1.528 1.733 5,622 2005 1.502 1.528 6,013 2004 1.309 1.502 1,698 2003 1.000 1.309 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.366 1.501 -- 2006 1.309 1.366 -- 2005 1.242 1.309 -- 2004 1.224 1.242 -- 2003 1.000 1.224 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.226 1.190 -- 2005 1.093 1.226 -- 2004 1.033 1.093 -- 2003 1.000 1.033 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.547 1.735 -- 2006 1.315 1.547 -- 2005 1.180 1.315 -- 2004 1.064 1.180 -- 2003 1.000 1.064 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.401 1.537 -- 2006 1.301 1.401 -- 2005 1.146 1.301 -- 2004 1.043 1.146 -- 2003 1.000 1.043 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.332 1.366 -- 2006 1.183 1.332 -- 2005 1.145 1.183 -- 2004 1.062 1.145 -- 2003 1.000 1.062 --
75 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.426 1.407 -- 2005 1.235 1.426 -- 2004 1.058 1.235 -- 2003 1.000 1.058 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.414 1.832 -- 2005 1.351 1.414 -- 2004 1.052 1.351 -- 2003 1.000 1.052 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.260 1.319 -- 2006 1.108 1.260 -- 2005 1.086 1.108 -- 2004 1.059 1.086 -- 2003 1.000 1.059 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.182 1.027 -- 2006 1.167 1.182 -- 2005 1.129 1.167 -- 2004 1.038 1.129 -- 2003 1.000 1.038 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.398 -- 2005 1.197 1.289 -- 2004 1.073 1.197 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.430 -- 2005 1.195 1.286 -- 2004 1.066 1.195 -- 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.461 1.674 -- 2006 1.342 1.461 -- 2005 1.178 1.342 -- 2004 1.047 1.178 -- 2003 1.000 1.047 --
76 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.354 1.411 -- 2006 1.218 1.354 -- 2005 1.033 1.218 -- 2004 1.044 1.033 -- 2003 1.000 1.044 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.663 1.874 -- 2006 1.515 1.663 -- 2005 1.314 1.515 -- 2004 1.079 1.314 -- 2003 1.000 1.079 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.252 1.448 -- 2005 1.160 1.252 -- 2004 1.054 1.160 -- 2003 1.000 1.054 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.053 2.583 -- 2006 1.641 2.053 -- 2005 1.318 1.641 -- 2004 1.082 1.318 -- 2003 1.000 1.082 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 1.575 1.776 -- 2006 1.328 1.575 -- 2005 1.234 1.328 -- 2004 1.066 1.234 -- 2003 1.000 1.066 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.299 1.545 -- 2005 1.221 1.299 -- 2004 1.078 1.221 -- 2003 1.000 1.078 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.052 1.073 -- 2005 1.063 1.052 -- 2004 1.000 1.063 --
77 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.151 1.186 -- 2005 1.094 1.151 -- 2004 1.035 1.094 -- 2003 1.000 1.035 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.391 1.653 -- 2006 1.339 1.391 -- 2005 1.220 1.339 -- 2004 1.094 1.220 -- 2003 1.000 1.094 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.133 1.347 -- 2006 1.076 1.133 -- 2005 0.987 1.076 -- 2004 1.005 0.987 -- 2003 1.000 1.005 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.285 1.372 -- 2006 1.115 1.285 -- 2005 1.082 1.115 -- 2004 1.059 1.082 -- 2003 1.000 1.059 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.195 1.332 -- 2005 1.176 1.195 -- 2004 1.048 1.176 -- 2003 1.000 1.048 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.382 1.326 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.322 1.361 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.307 1.340 -- 2006 1.162 1.307 -- 2005 1.142 1.162 -- 2004 1.060 1.142 -- 2003 1.000 1.060 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.368 1.304 --
78 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.387 1.408 -- 2006 1.201 1.387 -- 2005 1.154 1.201 -- 2004 1.071 1.154 -- 2003 1.000 1.071 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.107 1.103 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.334 1.433 -- 2006 1.211 1.334 -- 2005 1.182 1.211 -- 2004 1.051 1.182 -- 2003 1.000 1.051 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.155 1.251 -- 2006 1.098 1.155 -- 2005 1.076 1.098 -- 2004 1.000 1.076 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.004 0.994 -- 2006 0.987 1.004 -- 2005 0.987 0.987 -- 2004 0.999 0.987 -- 2003 1.000 0.999 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.323 1.384 -- 2006 1.146 1.323 -- 2005 1.128 1.146 -- 2004 1.066 1.128 -- 2003 1.000 1.066 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.070 1.112 -- 2006 1.051 1.070 -- 2005 1.022 1.051 -- 2004 1.041 1.022 -- 2003 1.000 1.041 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.326 1.369 -- 2006 1.222 1.326 -- 2005 1.138 1.222 -- 2004 1.068 1.138 -- 2003 1.000 1.068 --
79 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.253 1.305 -- 2006 1.141 1.253 -- 2005 1.127 1.141 -- 2004 1.065 1.127 -- 2003 1.000 1.065 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.368 1.418 -- 2006 1.194 1.368 -- 2005 1.184 1.194 -- 2004 1.076 1.184 -- 2003 1.000 1.076 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.515 1.665 -- 2006 1.382 1.515 -- 2005 1.307 1.382 -- 2004 1.079 1.307 -- 2003 1.000 1.079 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.087 1.119 -- 2005 1.071 1.087 -- 2004 1.000 1.071 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.337 1.385 -- 2006 1.411 1.337 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.187 1.192 -- 2006 1.132 1.187 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.436 1.502 -- 2006 1.363 1.436 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.489 1.493 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.187 1.148 -- 2006 1.119 1.187 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.641 1.589 -- 2006 1.497 1.641 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.436 1.829 -- 2006 1.407 1.436 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.197 1.055 --
80 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.176 1.222 -- 2006 1.119 1.176 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.178 1.229 -- 2006 1.130 1.178 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.072 1.089 -- 2006 1.001 1.072 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.199 1.310 -- 2006 1.220 1.199 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.213 1.319 -- 2006 1.228 1.213 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.824 1.905 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.374 1.445 -- 2006 1.250 1.374 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.010 -- 2006 1.003 1.214 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.081 1.139 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.348 1.383 -- 2006 1.260 1.348 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.099 1.210 -- 2006 1.049 1.099 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.145 1.192 -- 2006 1.111 1.145 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.970 -- 2006 1.003 1.024 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.172 1.378 -- 2006 1.207 1.172 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.039 1.079 -- 2006 1.006 1.039 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.013 1.039 -- 2006 0.996 1.013 --
81 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.206 1.224 -- 2006 1.196 1.206 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.242 1.262 -- 2006 1.217 1.242 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.064 -- 2006 1.002 1.055 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.070 -- 2006 1.001 1.037 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.044 1.069 -- 2006 1.002 1.044 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.049 1.069 -- 2006 1.002 1.049 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.069 -- 2006 1.002 1.054 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.261 1.283 -- 2006 1.185 1.261 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.046 1.085 -- 2006 0.996 1.046 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.134 -- 2006 0.998 1.063 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.134 1.175 -- 2006 1.073 1.134 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.055 1.077 -- 2006 1.025 1.055 -- Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.989 0.996 -- 2005 0.984 0.989 -- 2004 0.998 0.984 -- 2003 1.000 0.998 --
82 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.102 1.162 -- 2005 1.067 1.102 -- 2004 1.000 1.067 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.058 1.077 -- 2006 1.076 1.058 -- 2005 1.079 1.076 -- 2004 1.014 1.079 -- 2003 1.000 1.014 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.055 1.121 -- 2006 1.040 1.055 -- 2005 1.040 1.040 -- 2004 1.015 1.040 -- 2003 1.000 1.015 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.698 1.833 -- 2006 1.361 1.698 -- 2005 1.241 1.361 -- 2004 1.094 1.241 -- 2003 1.000 1.094 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 1.593 1.696 -- 2006 1.390 1.593 -- 2005 1.329 1.390 -- 2004 1.078 1.329 -- 2003 1.000 1.078 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.148 1.220 -- 2005 1.081 1.148 -- 2004 1.039 1.081 -- 2003 1.000 1.039 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.063 1.130 -- 2005 1.084 1.063 -- 2004 1.044 1.084 -- 2003 1.000 1.044 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.295 1.411 -- 2005 1.179 1.295 -- 2004 1.037 1.179 -- 2003 1.000 1.037 --
83 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.161 1.217 -- 2005 1.137 1.161 -- 2004 1.060 1.137 -- 2003 1.000 1.060 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.107 1.132 -- 2005 1.105 1.107 -- 2004 1.025 1.105 -- 2003 1.000 1.025 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.200 1.240 -- 2005 1.167 1.200 -- 2004 1.080 1.167 -- 2003 1.000 1.080 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.163 1.196 -- 2005 1.096 1.163 -- 2004 1.053 1.096 -- 2003 1.000 1.053 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.087 -- 2005 1.000 1.025 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.007 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.035 1.070 -- 2005 0.994 1.035 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.048 1.091 -- 2005 1.000 1.048 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.021 1.039 -- 2005 1.000 1.021 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.287 1.363 -- 2005 1.176 1.287 -- 2004 1.039 1.176 -- 2003 1.000 1.039 --
84 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.143 1.207 -- 2005 1.136 1.143 -- 2004 1.019 1.136 -- 2003 1.000 1.019 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.151 1.185 -- 2005 1.145 1.151 -- 2004 1.051 1.145 -- 2003 1.000 1.051 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.160 1.250 -- 2005 1.115 1.160 -- 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.306 1.497 -- 2005 1.221 1.306 -- 2004 1.080 1.221 -- 2003 1.000 1.080 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.191 1.260 -- 2005 1.150 1.191 -- 2004 1.059 1.150 -- 2003 1.000 1.059 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.999 1.049 -- 2005 1.000 0.999 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.111 -- 2005 1.089 1.102 -- 2004 1.000 1.089 -- Travelers Quality Bond Subaccount (3/03)........... 2006 1.017 1.006 -- 2005 1.025 1.017 -- 2004 1.016 1.025 -- 2003 1.000 1.016 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.145 1.192 -- 2005 1.149 1.145 -- 2004 1.067 1.149 -- 2003 1.000 1.067 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.069 1.228 -- 2005 1.000 1.069 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.978 1.119 -- 2005 1.000 0.978 --
85 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.066 1.025 -- 2005 1.046 1.066 -- 2004 1.000 1.046 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.426 1.360 -- 2006 1.258 1.426 -- 2005 1.237 1.258 -- 2004 1.078 1.237 -- 2003 1.000 1.078 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.157 1.271 -- 2006 1.110 1.157 -- 2005 1.053 1.110 -- 2004 1.039 1.053 -- 2003 1.000 1.039 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.411 1.369 -- 2005 1.258 1.411 -- 2004 1.190 1.258 -- 2003 1.000 1.190 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.983 2.223 38,178 2006 1.687 1.983 124,313 2005 1.514 1.687 118,392 2004 1.367 1.514 51,125 2003 1.000 1.367 14,765 American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.802 1.977 136,353 2006 1.675 1.802 225,935 2005 1.476 1.675 223,285 2004 1.344 1.476 74,657 2003 1.000 1.344 27,774 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.647 1.689 127,435 2006 1.464 1.647 162,577 2005 1.417 1.464 158,736 2004 1.315 1.417 129,297 2003 1.007 1.315 78,652
86 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.661 1.639 -- 2005 1.439 1.661 24,733 2004 1.233 1.439 -- 2003 1.000 1.233 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.738 2.250 -- 2005 1.661 1.738 57,737 2004 1.295 1.661 -- 2003 1.000 1.295 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.434 1.500 -- 2006 1.261 1.434 -- 2005 1.238 1.261 -- 2004 1.207 1.238 -- 2003 1.000 1.207 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.504 1.306 -- 2006 1.485 1.504 -- 2005 1.437 1.485 -- 2004 1.322 1.437 -- 2003 1.000 1.322 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.287 1.396 -- 2005 1.197 1.287 29,911 2004 1.073 1.197 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.284 1.428 -- 2005 1.195 1.284 13,269 2004 1.066 1.195 -- 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.771 2.028 32,339 2006 1.628 1.771 167,159 2005 1.429 1.628 187,097 2004 1.271 1.429 -- 2003 1.000 1.271 --
87 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.613 1.681 -- 2006 1.452 1.613 -- 2005 1.232 1.452 -- 2004 1.246 1.232 -- 2003 1.000 1.246 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.210 2.488 64,155 2006 2.014 2.210 113,414 2005 1.748 2.014 110,845 2004 1.436 1.748 -- 2003 1.000 1.436 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.493 1.726 -- 2005 1.383 1.493 15,819 2004 1.258 1.383 15,819 2003 1.000 1.258 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.725 3.426 18,595 2006 2.179 2.725 81,286 2005 1.751 2.179 63,578 2004 1.438 1.751 -- 2003 1.000 1.438 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.067 2.330 36,920 2006 1.744 2.067 37,135 2005 1.621 1.744 37,369 2004 1.401 1.621 -- 2003 1.000 1.401 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.656 1.970 -- 2005 1.558 1.656 45,642 2004 1.376 1.558 -- 2003 1.000 1.376 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.051 1.072 -- 2005 1.063 1.051 -- 2004 1.000 1.063 --
88 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.241 1.279 -- 2005 1.181 1.241 -- 2004 1.117 1.181 -- 2003 1.000 1.117 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.520 1.806 -- 2006 1.464 1.520 -- 2005 1.335 1.464 -- 2004 1.197 1.335 -- 2003 1.000 1.197 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.599 1.900 -- 2006 1.519 1.599 -- 2005 1.395 1.519 -- 2004 1.420 1.395 -- 2003 1.000 1.420 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.555 1.660 -- 2006 1.351 1.555 -- 2005 1.310 1.351 -- 2004 1.284 1.310 -- 2003 1.000 1.284 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.511 1.684 -- 2005 1.488 1.511 8,071 2004 1.327 1.488 -- 2003 1.000 1.327 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.664 1.596 44,474 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.519 1.564 6,416 LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.549 1.587 1,959 2006 1.378 1.549 1,921 2005 1.354 1.378 1,977 2004 1.258 1.354 -- 2003 1.000 1.258 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.794 1.709 19,932
89 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.711 1.736 -- 2006 1.482 1.711 -- 2005 1.425 1.482 -- 2004 1.322 1.425 -- 2003 1.000 1.322 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.462 1.456 7,352 LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.933 2.075 -- 2006 1.755 1.933 64,389 2005 1.714 1.755 57,869 2004 1.525 1.714 -- 2003 1.000 1.525 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.153 1.248 -- 2006 1.097 1.153 -- 2005 1.076 1.097 -- 2004 1.000 1.076 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.000 0.989 -- 2006 0.983 1.000 -- 2005 0.984 0.983 -- 2004 0.996 0.984 -- 2003 1.000 0.996 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.734 1.814 -- 2006 1.504 1.734 23,917 2005 1.480 1.504 23,917 2004 1.400 1.480 23,917 2003 1.000 1.400 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.416 1.472 -- 2006 1.392 1.416 -- 2005 1.355 1.392 -- 2004 1.381 1.355 -- 2003 1.000 1.381 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.651 1.705 -- 2006 1.523 1.651 22,288 2005 1.419 1.523 22,017 2004 1.332 1.419 -- 2003 1.000 1.332 --
90 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.506 1.569 -- 2006 1.372 1.506 -- 2005 1.356 1.372 -- 2004 1.282 1.356 -- 2003 1.000 1.282 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.569 1.627 -- 2006 1.371 1.569 60,184 2005 1.360 1.371 33,213 2004 1.236 1.360 -- 2003 1.000 1.236 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.755 1.929 -- 2006 1.601 1.755 125,511 2005 1.515 1.601 103,206 2004 1.251 1.515 18,863 2003 1.000 1.251 9,172 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.086 1.117 -- 2005 1.071 1.086 -- 2004 1.000 1.071 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.730 1.792 -- 2006 1.827 1.730 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.334 1.338 -- 2006 1.272 1.334 17,585 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.670 1.747 -- 2006 1.586 1.670 9,217 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.732 1.736 9,413 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.186 1.147 20,339 2006 1.119 1.186 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 2.003 1.939 10,332 2006 1.828 2.003 10,145 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.671 2.129 34,552 2006 1.639 1.671 38,259 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.196 1.054 --
91 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.175 1.219 -- 2006 1.117 1.175 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.342 1.400 -- 2006 1.288 1.342 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.072 1.088 26,281 2006 1.001 1.072 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.446 1.579 -- 2006 1.471 1.446 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.212 1.318 -- 2006 1.227 1.212 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.285 2.387 7,300 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.373 1.442 11,286 2006 1.249 1.373 11,415 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.009 -- 2006 1.003 1.214 121,946 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.108 1.167 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.536 1.574 16,758 2006 1.436 1.536 16,926 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.098 1.209 -- 2006 1.049 1.098 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.143 1.190 8,071 2006 1.110 1.143 19,791 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.969 20,905 2006 1.003 1.023 67,917 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.509 1.774 14,392 2006 1.554 1.509 9,792 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.049 1.089 32,757 2006 1.016 1.049 32,282 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.001 1.026 -- 2006 0.984 1.001 --
92 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.396 1.416 -- 2006 1.384 1.396 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.539 1.564 7,674 2006 1.509 1.539 7,510 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.063 -- 2006 1.002 1.055 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.069 -- 2006 1.001 1.037 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.044 1.068 -- 2006 1.002 1.044 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.049 1.068 4,999 2006 1.002 1.049 5,322 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.068 125,893 2006 1.002 1.054 128,916 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.395 1.418 90,028 2006 1.312 1.395 106,497 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.045 1.085 104,928 2006 0.996 1.045 120,898 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.133 -- 2006 0.998 1.063 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.133 1.173 -- 2006 1.072 1.133 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.054 1.075 40,583 2006 1.024 1.054 39,806 Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.978 0.984 -- 2005 0.973 0.978 -- 2004 0.987 0.973 -- 2003 1.000 0.987 --
93 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.101 1.161 -- 2005 1.067 1.101 -- 2004 1.000 1.067 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.084 1.103 -- 2006 1.103 1.084 3,496 2005 1.107 1.103 4,167 2004 1.041 1.107 5,645 2003 1.000 1.041 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.056 1.122 28,765 2006 1.042 1.056 36,442 2005 1.042 1.042 56,281 2004 1.017 1.042 139,247 2003 0.998 1.017 24,671 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.127 2.297 -- 2006 1.706 2.127 14,698 2005 1.557 1.706 14,698 2004 1.373 1.557 14,698 2003 1.018 1.373 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.269 2.417 -- 2006 1.982 2.269 -- 2005 1.896 1.982 -- 2004 1.539 1.896 -- 2003 1.000 1.539 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.385 1.471 -- 2005 1.305 1.385 23,629 2004 1.255 1.305 23,629 2003 1.000 1.255 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.212 1.288 -- 2005 1.236 1.212 -- 2004 1.191 1.236 -- 2003 1.000 1.191 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.677 1.827 -- 2005 1.528 1.677 -- 2004 1.344 1.528 -- 2003 1.000 1.344 --
94 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.440 1.509 -- 2005 1.411 1.440 15,000 2004 1.316 1.411 7,550 2003 1.000 1.316 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.244 1.272 -- 2005 1.243 1.244 -- 2004 1.153 1.243 -- 2003 1.000 1.153 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.430 1.476 -- 2005 1.390 1.430 -- 2004 1.288 1.390 -- 2003 1.000 1.288 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.347 1.384 -- 2005 1.269 1.347 -- 2004 1.220 1.269 -- 2003 1.000 1.220 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.087 -- 2005 1.000 1.025 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.007 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.035 1.069 -- 2005 0.994 1.035 5,148 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.048 1.090 -- 2005 1.000 1.048 118,459 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.021 1.038 -- 2005 1.000 1.021 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.498 1.586 -- 2005 1.369 1.498 -- 2004 1.210 1.369 -- 2003 1.000 1.210 --
95 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.473 1.554 -- 2005 1.464 1.473 -- 2004 1.314 1.464 -- 2003 1.000 1.314 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.274 1.312 -- 2005 1.268 1.274 94,291 2004 1.165 1.268 -- 2003 1.003 1.165 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.159 1.249 -- 2005 1.115 1.159 18,333 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.595 1.828 -- 2005 1.492 1.595 2,174 2004 1.320 1.492 -- 2003 1.000 1.320 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.357 1.436 -- 2005 1.311 1.357 11,942 2004 1.209 1.311 -- 2003 1.000 1.209 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.999 1.049 -- 2005 1.000 0.999 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.110 -- 2005 1.088 1.102 39,186 2004 1.000 1.088 -- Travelers Quality Bond Subaccount (3/03)........... 2006 1.028 1.016 -- 2005 1.036 1.028 31,316 2004 1.027 1.036 -- 2003 1.000 1.027 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.357 1.412 -- 2005 1.362 1.357 23,784 2004 1.266 1.362 23,784 2003 1.000 1.266 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.069 1.227 -- 2005 1.000 1.069 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.978 1.119 -- 2005 1.000 0.978 --
96 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.065 1.024 -- 2005 1.045 1.065 23,406 2004 1.000 1.045 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.727 1.646 -- 2006 1.524 1.727 69,177 2005 1.499 1.524 68,000 2004 1.308 1.499 -- 2003 1.000 1.308 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.361 1.494 -- 2006 1.306 1.361 -- 2005 1.240 1.306 -- 2004 1.223 1.240 -- 2003 1.000 1.223 --
PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.407 1.364 -- 2005 1.256 1.407 -- 2004 1.189 1.256 19,490 2003 1.000 1.189 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.976 2.213 26,708 2006 1.682 1.976 28,035 2005 1.512 1.682 29,473 2004 1.366 1.512 9,759 2003 1.000 1.366 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.796 1.967 50,828 2006 1.670 1.796 62,148 2005 1.474 1.670 70,719 2004 1.343 1.474 30,894 2003 1.000 1.343 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.641 1.681 49,648 2006 1.460 1.641 62,267 2005 1.414 1.460 72,259 2004 1.314 1.414 45,500 2003 1.000 1.314 --
97 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.656 1.634 -- 2005 1.437 1.656 -- 2004 1.232 1.437 -- 2003 1.000 1.232 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.733 2.242 -- 2005 1.658 1.733 8,725 2004 1.294 1.658 6,664 2003 1.000 1.294 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/03)..................................... 2007 1.429 1.493 -- 2006 1.258 1.429 -- 2005 1.235 1.258 -- 2004 1.206 1.235 -- 2003 1.000 1.206 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/03)..................................... 2007 1.499 1.300 -- 2006 1.481 1.499 8,666 2005 1.435 1.481 14,879 2004 1.321 1.435 11,502 2003 1.000 1.321 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.284 1.393 -- 2005 1.195 1.284 28,342 2004 1.073 1.195 60,770 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.282 1.425 -- 2005 1.193 1.282 19,528 2004 1.066 1.193 19,916 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/03)............................................. 2007 1.764 2.018 -- 2006 1.623 1.764 5,728 2005 1.427 1.623 9,828 2004 1.270 1.427 7,742 2003 1.000 1.270 --
98 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/03)........................... 2007 1.607 1.673 -- 2006 1.448 1.607 -- 2005 1.230 1.448 -- 2004 1.245 1.230 -- 2003 1.000 1.245 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.202 2.476 2,386 2006 2.008 2.202 2,612 2005 1.744 2.008 2,644 2004 1.435 1.744 2,964 2003 1.000 1.435 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.489 1.719 -- 2005 1.381 1.489 -- 2004 1.257 1.381 -- 2003 1.000 1.257 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.715 3.410 8,640 2006 2.173 2.715 11,017 2005 1.748 2.173 13,780 2004 1.437 1.748 3,240 2003 1.000 1.437 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.060 2.319 30,893 2006 1.739 2.060 32,461 2005 1.618 1.739 33,803 2004 1.400 1.618 14,636 2003 1.000 1.400 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.652 1.963 -- 2005 1.556 1.652 15,124 2004 1.375 1.556 15,043 2003 1.000 1.375 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.050 1.070 -- 2005 1.062 1.050 -- 2004 1.000 1.062 --
99 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/03)............................................. 2006 1.238 1.275 -- 2005 1.179 1.238 -- 2004 1.116 1.179 -- 2003 1.000 1.116 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/03)............................ 2007 1.514 1.797 -- 2006 1.460 1.514 -- 2005 1.333 1.460 -- 2004 1.196 1.333 -- 2003 1.000 1.196 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/03)..................................... 2007 1.593 1.891 -- 2006 1.515 1.593 -- 2005 1.392 1.515 -- 2004 1.419 1.392 -- 2003 1.000 1.419 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.549 1.652 -- 2006 1.347 1.549 -- 2005 1.308 1.347 -- 2004 1.283 1.308 -- 2003 1.000 1.283 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.507 1.678 -- 2005 1.486 1.507 -- 2004 1.326 1.486 -- 2003 1.000 1.326 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.657 1.589 9,483 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.512 1.556 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.543 1.579 -- 2006 1.374 1.543 -- 2005 1.352 1.374 -- 2004 1.257 1.352 -- 2003 1.000 1.257 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.787 1.701 --
100 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.705 1.727 -- 2006 1.478 1.705 -- 2005 1.422 1.478 -- 2004 1.321 1.422 -- 2003 1.000 1.321 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.456 1.449 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.925 2.066 -- 2006 1.751 1.925 -- 2005 1.711 1.751 -- 2004 1.524 1.711 -- 2003 1.000 1.524 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.150 1.244 -- 2006 1.095 1.150 -- 2005 1.075 1.095 -- 2004 1.000 1.075 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.996 0.985 -- 2006 0.981 0.996 -- 2005 0.983 0.981 -- 2004 0.996 0.983 -- 2003 1.000 0.996 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.727 1.807 -- 2006 1.499 1.727 5,611 2005 1.477 1.499 9,627 2004 1.399 1.477 7,427 2003 1.000 1.399 -- LMPVPI Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.411 1.466 -- 2006 1.388 1.411 -- 2005 1.353 1.388 -- 2004 1.380 1.353 -- 2003 1.000 1.380 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.645 1.698 -- 2006 1.518 1.645 15,412 2005 1.417 1.518 20,207 2004 1.331 1.417 18,249 2003 1.000 1.331 --
101 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (3/03)............................................. 2007 1.500 1.562 -- 2006 1.368 1.500 -- 2005 1.354 1.368 -- 2004 1.281 1.354 -- 2003 1.000 1.281 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.564 1.620 -- 2006 1.367 1.564 16,483 2005 1.357 1.367 17,620 2004 1.235 1.357 17,110 2003 1.000 1.235 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.748 1.921 -- 2006 1.597 1.748 3,338 2005 1.513 1.597 3,267 2004 1.250 1.513 3,417 2003 1.000 1.250 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.084 1.115 -- 2005 1.070 1.084 -- 2004 1.000 1.070 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.724 1.783 -- 2006 1.821 1.724 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.329 1.332 8,596 2006 1.269 1.329 8,596 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.664 1.740 -- 2006 1.581 1.664 13,871 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.725 1.728 13,804 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.184 1.144 -- 2006 1.118 1.184 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.996 1.930 5,892 2006 1.822 1.996 5,892 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.665 2.119 -- 2006 1.634 1.665 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.193 1.051 --
102 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.172 1.215 -- 2006 1.115 1.172 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.337 1.394 -- 2006 1.284 1.337 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.071 1.086 42,734 2006 1.001 1.071 19,622 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.440 1.572 -- 2006 1.467 1.440 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.210 1.314 -- 2006 1.226 1.210 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.275 2.375 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.369 1.437 46,221 2006 1.246 1.369 47,199 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.213 1.008 -- 2006 1.003 1.213 9,489 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.103 1.161 19,739 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.530 1.567 -- 2006 1.432 1.530 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.097 1.207 -- 2006 1.048 1.097 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.140 1.186 -- 2006 1.108 1.140 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.967 25,383 2006 1.003 1.023 25,861 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.504 1.766 -- 2006 1.550 1.504 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.045 1.084 -- 2006 1.012 1.045 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 0.997 1.021 -- 2006 0.981 0.997 --
103 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.390 1.409 -- 2006 1.380 1.390 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.534 1.557 -- 2006 1.504 1.534 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.061 -- 2006 1.002 1.054 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.036 1.067 -- 2006 1.001 1.036 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.043 1.066 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.048 1.067 115,025 2006 1.002 1.048 115,025 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.066 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.390 1.412 6,466 2006 1.308 1.390 6,466 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06) *........................................... 2007 1.045 1.083 58,461 2006 0.996 1.045 62,680 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.062 1.131 -- 2006 0.998 1.062 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.130 1.170 -- 2006 1.070 1.130 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.051 1.071 -- 2006 1.022 1.051 -- Money Market Portfolio Money Market Subaccount (3/03)..................... 2006 0.975 0.981 -- 2005 0.972 0.975 -- 2004 0.986 0.972 186,454 2003 1.000 0.986 --
104 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.099 1.158 -- 2005 1.066 1.099 7,810 2004 1.000 1.066 7,810 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.081 1.099 -- 2006 1.100 1.081 20,970 2005 1.105 1.100 20,886 2004 1.040 1.105 19,893 2003 1.000 1.040 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.052 1.116 22,480 2006 1.039 1.052 20,638 2005 1.040 1.039 19,436 2004 1.017 1.040 51,840 2003 1.000 1.017 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.119 2.288 -- 2006 1.701 2.119 -- 2005 1.555 1.701 -- 2004 1.372 1.555 -- 2003 1.000 1.372 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.261 2.407 -- 2006 1.976 2.261 -- 2005 1.893 1.976 -- 2004 1.538 1.893 -- 2003 1.000 1.538 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.381 1.467 -- 2005 1.303 1.381 -- 2004 1.254 1.303 -- 2003 1.000 1.254 -- Travelers Convertible Securities Subaccount (3/03)............................................. 2006 1.208 1.284 -- 2005 1.234 1.208 -- 2004 1.191 1.234 -- 2003 1.000 1.191 -- Travelers Disciplined Mid Cap Stock Subaccount (3/03)............................................. 2006 1.673 1.821 -- 2005 1.525 1.673 -- 2004 1.343 1.525 -- 2003 1.000 1.343 --
105 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Equity Income Subaccount (3/03).......... 2006 1.436 1.504 -- 2005 1.409 1.436 -- 2004 1.315 1.409 -- 2003 1.000 1.315 -- Travelers Federated High Yield Subaccount (3/03)... 2006 1.241 1.269 -- 2005 1.240 1.241 8,596 2004 1.152 1.240 8,596 2003 1.000 1.152 -- Travelers Federated Stock Subaccount (3/03)........ 2006 1.426 1.472 -- 2005 1.388 1.426 7,268 2004 1.287 1.388 7,137 2003 1.000 1.287 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.343 1.380 -- 2005 1.267 1.343 -- 2004 1.219 1.267 -- 2003 1.000 1.219 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.024 1.086 -- 2005 1.000 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.006 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.035 1.068 -- 2005 0.994 1.035 107,862 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.047 1.089 -- 2005 1.000 1.047 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.021 1.037 -- 2005 1.000 1.021 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.493 1.581 -- 2005 1.366 1.493 13,868 2004 1.209 1.366 33,604 2003 1.000 1.209 --
106 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.469 1.550 -- 2005 1.461 1.469 -- 2004 1.313 1.461 -- 2003 1.000 1.313 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.271 1.308 -- 2005 1.265 1.271 6,466 2004 1.164 1.265 6,466 2003 1.000 1.164 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.157 1.246 -- 2005 1.114 1.157 45,265 2004 1.000 1.114 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.591 1.822 -- 2005 1.489 1.591 5,892 2004 1.319 1.489 5,892 2003 1.000 1.319 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.353 1.432 -- 2005 1.309 1.353 -- 2004 1.208 1.309 -- 2003 1.000 1.208 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.999 1.048 -- 2005 1.000 0.999 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.100 1.108 -- 2005 1.088 1.100 -- 2004 1.000 1.088 -- Travelers Quality Bond Subaccount (3/03)........... 2006 1.025 1.012 -- 2005 1.034 1.025 -- 2004 1.026 1.034 -- 2003 1.000 1.026 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.353 1.408 -- 2005 1.360 1.353 -- 2004 1.265 1.360 -- 2003 1.000 1.265 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.068 1.226 -- 2005 1.000 1.068 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.977 1.118 -- 2005 1.000 0.977 --
107 PORTFOLIO ARCHITECT ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.063 1.022 -- 2005 1.045 1.063 -- 2004 1.000 1.045 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/03)............................................. 2007 1.720 1.639 -- 2006 1.520 1.720 -- 2005 1.497 1.520 -- 2004 1.307 1.497 -- 2003 1.000 1.307 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/03)............................................. 2007 1.356 1.487 -- 2006 1.302 1.356 -- 2005 1.237 1.302 -- 2004 1.222 1.237 -- 2003 1.000 1.222 --
* We are currently waiving a portion of the Mortality and Expense Risk charge for this Subaccount. Please see "Fee Table -- Annual Separate Account Charges" for more information. The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 02/25/2005, The Travelers Series Trust-MFS Emerging Growth Portfolio merged into The Travelers Series Trust-MFS Mid Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Large Cap Growth Portfolio was replaced by Metropolitan Series Fund, Inc.-T. Rowe Price Large Cap Growth and is no longer available as a funding option. Effective on or about 05/01/2006, Capital Appreciation Fund merged into Met Investors Series Trust-Janus Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Delaware VIP Trust-Delaware VIP REIT Series was replaced by Met Investors Series Trust-Neuberger Berman Real Estate Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Value Opportunities V.I. Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Global Allocation V.I. Portfolio was replaced by Metropolitan Series Fund, Inc.- Oppenheimer Global Equity Portfolio and is no longer available as a funding option. 108 Effective on or about 05/01/2006, Franklin Templeton VIP Trust-Mutual Shares Securities Fund was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton VIP Trust-Templeton Growth Securities Fund was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, High Yield Bond Trust merged into Metropolitan Series Fund, Inc.-Western Asset Management High Yield Bond Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Janus Aspen Series-Janus Aspen Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Managed Assets Trust merged into Met Investors Series Trust-Legg Mason Partners Managed Assets Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Money Market Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Money Market Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Oppenheimer Variable Account Funds-Oppenheimer Main Street Fund/VA was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-AIM Capital Appreciation Portfolio merged into Met Investors Series Trust-Met/AIM Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Convertible Securities Portfolio merged into Met Investors Series Trust-Lord Abbett Bond Debenture Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Disciplined Mid Cap Stock Portfolio merged into Met Investors Series Trust-Batterymarch Mid-Cap Stock Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Equity Income Portfolio merged into Metropolitan Series Fund, Inc.-FI Value Leaders Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Federated High Yield Portfolio merged into Met Investors Series Trust-Federated High Yield Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Federated Stock Portfolio merged into Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Large Cap Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Conservative Portfolio merged into Metropolitan Series Fund, Inc.- MetLife Conservative Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate -- Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate to Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate -- Conservative Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Conservative to Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate Allocation Portfolio and is no longer available as a funding option. 109 Effective on or about 05/01/2006, The Travelers Series Trust-Mercury Large Cap Core Portfolio merged into Met Investors Series Trust-Mercury Large-Cap Core Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Mid Cap Growth Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Total Return Portfolio merged into Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Value Portfolio merged into Met Investors Series Trust-MFS(R) Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Mondrian International Stock Portfolio merged into Met Investors Series Trust-Harris Oakmark International Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Fund Portfolio merged into Met Investors Series Trust-Pioneer Fund Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Strategic Income Portfolio merged into Met Investors Series Trust-Pioneer Strategic Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Strategic Equity Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Growth Portfolio merged into Met Investors Series Trust-Met/AIM Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Value Portfolio merged into Met Investors Series Trust-Dreman Small- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Travelers Quality Bond Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Bond Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-U.S. Government Securities Portfolio merged into Metropolitan Series Fund, Inc.-Western Asset Management U.S. Government Portfolio and is no longer available as a funding option. Effective on or about 11/13/2006, Lazard Retirement Series, Inc.-Lazard Retirement Small Cap Portfolio was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable All Cap Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Fundamental Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable Large Cap Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Large Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios V-Legg Mason Partners Variable Small Cap Growth Opportunities Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios II, Inc.-Legg Mason Partners Variable Aggressive Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios II- Legg Mason Partners Variable Growth and Income Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Appreciation Portfolio and is no longer available as a funding option. 110 Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Mid- Cap Value Portfolio was replaced by Met Investors Series Trust-Lord Abbett Mid- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class A was exchanged for Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class E and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Lazard Mid-Cap Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Metropolitan Series Funds, Inc.-Western Asset Management High Yield Bond Portfolio was merged into Met Investors Series Trust- BlackRock High Yield Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, PIMCO Variable Insurance Trust-Real Return Portfolio was replaced by Met Investors Series Trust-PIMCO Inflation Protected Bond Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT International Equity Fund was replaced by Met Investors Series Trust-MFS(R) Research International Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT Small Cap Value Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. 111 CONDENSED FINANCIAL INFORMATION -- VINTAGE ACCESS - -------------------------------------------------------------------------------- The following tables provide the Accumulation Unit Values information for the MID-RANGE combinations of separate account charges. The Accumulation Unit Value information for the minimum separate account charge and the maximum variable account charge are contained in the Prospectus. VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.466 1.530 -- 2005 1.429 1.466 3,836 2004 1.311 1.429 3,836 2003 1.000 1.311 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.427 1.390 -- 2005 1.267 1.427 -- 2004 1.193 1.267 -- 2003 1.000 1.193 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 2.013 2.266 231,993 2006 1.705 2.013 249,436 2005 1.525 1.705 258,401 2004 1.371 1.525 7,782 2003 1.000 1.371 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.830 2.015 73,044 2006 1.694 1.830 101,727 2005 1.487 1.694 102,769 2004 1.348 1.487 32,876 2003 1.000 1.348 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.672 1.721 155,053 2006 1.481 1.672 162,729 2005 1.427 1.481 166,803 2004 1.319 1.427 20,001 2003 1.000 1.319 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.679 1.660 -- 2005 1.449 1.679 28,114 2004 1.237 1.449 -- 2003 1.000 1.237 --
112 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.757 2.285 -- 2005 1.673 1.757 -- 2004 1.299 1.673 -- 2003 1.000 1.299 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.298 1.410 -- 2005 1.202 1.298 -- 2004 1.074 1.202 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.295 1.442 -- 2005 1.200 1.295 90,175 2004 1.067 1.200 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.823 2.099 103,838 2006 1.667 1.823 32,219 2005 1.455 1.667 100,893 2004 1.287 1.455 72,462 2003 1.000 1.287 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.243 2.536 133,078 2006 2.036 2.243 100,243 2005 1.760 2.036 102,912 2004 1.440 1.760 -- 2003 1.000 1.440 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.194 1.214 79,863 2006 1.030 1.194 38,034 2005 1.000 1.030 38,034 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.669 1.820 26,780 2006 1.566 1.669 20,584 2005 1.525 1.566 21,102 2004 1.396 1.525 -- 2003 1.000 1.396 --
113 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.510 1.752 -- 2005 1.393 1.510 18,573 2004 1.262 1.393 18,577 2003 1.000 1.262 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.765 3.490 -- 2006 2.202 2.765 2,459 2005 1.763 2.202 2,459 2004 1.442 1.763 -- 2003 1.000 1.442 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.099 2.375 31,982 2006 1.763 2.099 33,733 2005 1.632 1.763 33,733 2004 1.405 1.632 12,561 2003 1.000 1.405 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.675 2.000 -- 2005 1.569 1.675 -- 2004 1.380 1.569 -- 2003 1.000 1.380 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.895 2.261 -- 2006 1.706 1.895 -- 2005 1.554 1.706 -- 2004 1.316 1.554 -- 2003 1.000 1.316 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.527 1.708 -- 2005 1.498 1.527 17,037 2004 1.330 1.498 10,908 2003 1.000 1.330 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.454 1.546 -- 2006 1.382 1.454 -- 2005 1.326 1.382 -- 2004 1.315 1.326 -- 2003 1.000 1.315 --
114 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.635 1.627 -- 2006 1.533 1.635 14,893 2005 1.401 1.533 14,893 2004 1.300 1.401 14,893 2003 1.000 1.300 -- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.500 1.594 -- 2006 1.333 1.500 29,808 2005 1.304 1.333 29,808 2004 1.222 1.304 29,808 2003 1.000 1.222 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.526 1.522 -- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.355 1.399 -- 2006 1.251 1.355 22,620 2005 1.224 1.251 22,620 2004 1.189 1.224 22,620 2003 1.000 1.189 -- LMPVET Capital Subaccount (3/03)................... 2007 1.543 1.540 365,891 2006 1.385 1.543 365,891 2005 1.342 1.385 442,194 2004 1.284 1.342 321,369 2003 1.000 1.284 29,347 LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.392 1.452 -- 2006 1.204 1.392 -- 2005 1.230 1.204 -- 2004 1.214 1.230 -- 2003 1.000 1.214 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.573 1.617 304,189 2006 1.394 1.573 317,764 2005 1.364 1.394 330,306 2004 1.262 1.364 -- 2003 1.000 1.262 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.756 1.742 3,670 2006 1.533 1.756 3,670 2005 1.493 1.533 3,670 2004 1.407 1.493 3,670 2003 1.000 1.407 --
115 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Global Equity Subaccount (3/03)............. 2007 1.667 1.714 297,947 2006 1.476 1.667 297,947 2005 1.413 1.476 297,947 2004 1.308 1.413 183,240 2003 1.000 1.308 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.737 1.769 3,746 2006 1.499 1.737 3,750 2005 1.435 1.499 3,754 2004 1.326 1.435 3,758 2003 1.000 1.326 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.438 1.484 -- 2006 1.402 1.438 -- 2005 1.360 1.402 -- 2004 1.382 1.360 -- 2003 1.000 1.382 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.677 1.761 -- 2006 1.490 1.677 -- 2005 1.404 1.490 -- 2004 1.297 1.404 -- 2003 1.000 1.297 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.481 1.503 -- 2006 1.345 1.481 -- 2005 1.326 1.345 -- 2004 1.267 1.326 -- 2003 1.000 1.267 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.962 2.115 -- 2006 1.775 1.962 -- 2005 1.726 1.775 -- 2004 1.530 1.726 -- 2003 1.000 1.530 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.013 1.006 -- 2006 0.993 1.013 -- 2005 0.989 0.993 -- 2004 0.998 0.989 -- 2003 1.000 0.998 --
116 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.169 1.168 -- 2006 1.131 1.169 15,237 2005 1.125 1.131 15,237 2004 1.076 1.125 31,835 2003 1.000 1.076 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.402 1.379 65,047 2006 1.289 1.402 20,064 2005 1.282 1.289 96,818 2004 1.184 1.282 96,818 2003 1.000 1.184 -- LMPVIT Money Market Subaccount (3/03).............. 2007 1.011 1.040 -- 2006 0.986 1.011 432,175 2005 0.978 0.986 -- 2004 0.989 0.978 325,340 2003 1.000 0.989 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.852 1.974 -- 2006 1.674 1.852 -- 2005 1.628 1.674 -- 2004 1.437 1.628 -- 2003 1.000 1.437 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.760 1.844 -- 2006 1.520 1.760 -- 2005 1.491 1.520 -- 2004 1.404 1.491 -- 2003 1.000 1.404 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.592 1.653 -- 2006 1.385 1.592 23,797 2005 1.369 1.385 23,797 2004 1.239 1.369 -- 2003 1.000 1.239 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.780 1.960 -- 2006 1.618 1.780 -- 2005 1.525 1.618 65,704 2004 1.255 1.525 65,704 2003 1.000 1.255 --
117 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.696 1.776 -- 2006 1.606 1.696 2,019 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.761 1.769 2,019 MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.193 1.158 13,916 2006 1.122 1.193 9,317 MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 2.034 1.976 85,123 2006 1.851 2.034 37,665 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.697 2.170 28,114 2006 1.660 1.697 28,114 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.204 1.064 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.073 1.091 12,013 2006 1.001 1.073 35,795 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.069 1.054 79,328 2006 0.970 1.069 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.468 1.610 -- 2006 1.490 1.468 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.219 1.331 -- 2006 1.232 1.219 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.323 2.433 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.387 1.464 -- 2006 1.259 1.387 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.217 1.016 -- 2006 1.003 1.217 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.126 1.189 7,181 MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.559 1.604 53,324 2006 1.453 1.559 53,324 MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.105 1.218 -- 2006 1.052 1.105 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.156 1.208 43,463 2006 1.119 1.156 --
118 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.026 0.975 119,403 2006 1.003 1.026 153,685 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.532 1.808 2,088 2006 1.574 1.532 2,088 MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.069 1.112 21,009 2006 1.000 1.069 2,785 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.404 1.375 37,389 2006 1.000 1.404 37,389 MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.417 1.443 11,350 2006 1.402 1.417 11,350 MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.563 1.594 33,084 2006 1.527 1.563 33,088 MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.057 1.070 -- 2006 1.002 1.057 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.040 1.076 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.046 1.075 -- 2006 1.002 1.046 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.052 1.076 -- 2006 1.002 1.052 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.057 1.075 -- 2006 1.002 1.057 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.416 1.446 112,787 2006 1.328 1.416 111,677 MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.048 1.092 -- 2006 0.996 1.048 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.066 1.140 -- 2006 0.998 1.066 --
119 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.100 1.121 -- 2006 1.115 1.100 7,181 2005 1.114 1.115 7,181 2004 1.044 1.114 7,181 2003 1.000 1.044 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.073 1.143 35,617 2006 1.054 1.073 56,931 2005 1.049 1.054 56,931 2004 1.021 1.049 127,566 2003 1.000 1.021 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.160 2.335 -- 2006 1.725 2.160 -- 2005 1.568 1.725 -- 2004 1.377 1.568 -- 2003 1.000 1.377 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.304 2.457 -- 2006 2.004 2.304 -- 2005 1.910 2.004 -- 2004 1.544 1.910 -- 2003 1.000 1.544 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.401 1.490 -- 2005 1.314 1.401 -- 2004 1.259 1.314 -- 2003 1.000 1.259 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.456 1.527 -- 2005 1.421 1.456 33,092 2004 1.320 1.421 3,849 2003 1.000 1.320 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.362 1.402 -- 2005 1.278 1.362 6,853 2004 1.224 1.278 -- 2003 1.000 1.224 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.026 1.089 -- 2005 1.000 1.026 --
120 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.008 1.010 -- 2005 1.006 1.008 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.037 1.073 -- 2005 0.994 1.037 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.050 1.094 -- 2005 1.000 1.050 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.023 1.042 -- 2005 1.000 1.023 -- Travelers Managed Income Subaccount (3/03)......... 2006 1.044 1.033 -- 2005 1.050 1.044 2,785 2004 1.042 1.050 -- 2003 1.000 1.042 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.514 1.606 -- 2005 1.379 1.514 2,019 2004 1.214 1.379 -- 2003 1.000 1.214 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.489 1.574 -- 2005 1.474 1.489 2,088 2004 1.318 1.474 -- 2003 1.000 1.318 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.288 1.328 -- 2005 1.277 1.288 112,890 2004 1.168 1.277 32,407 2003 1.000 1.168 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.166 1.259 -- 2005 1.118 1.166 -- 2004 1.000 1.118 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.613 1.851 -- 2005 1.503 1.613 37,665 2004 1.324 1.503 -- 2003 1.000 1.324 --
121 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.372 1.453 -- 2005 1.320 1.372 53,324 2004 1.212 1.320 -- 2003 1.000 1.212 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.001 1.052 -- 2005 1.000 1.001 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.109 1.119 -- 2005 1.091 1.109 -- 2004 1.000 1.091 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.372 1.430 -- 2005 1.372 1.372 4,408 2004 1.270 1.372 -- 2003 1.000 1.270 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.071 1.232 -- 2005 1.000 1.071 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.980 1.122 -- 2005 1.000 0.980 9,317 Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.321 1.369 -- 2005 1.250 1.321 37,389 2004 1.228 1.250 -- 2003 1.000 1.228 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.358 1.557 -- 2006 1.347 1.358 -- 2005 1.273 1.347 -- 2004 1.213 1.273 -- 2003 1.000 1.213 --
VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.201 1.254 -- 2005 1.172 1.201 -- 2004 1.076 1.172 -- 2003 1.000 1.076 --
122 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.234 1.201 -- 2005 1.096 1.234 -- 2004 1.033 1.096 -- 2003 1.000 1.033 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.561 1.757 39,549 2006 1.323 1.561 35,939 2005 1.184 1.323 35,940 2004 1.065 1.184 -- 2003 1.000 1.065 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.414 1.556 81,188 2006 1.310 1.414 73,070 2005 1.150 1.310 73,074 2004 1.044 1.150 -- 2003 1.000 1.044 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.344 1.383 91,509 2006 1.191 1.344 82,440 2005 1.148 1.191 82,451 2004 1.062 1.148 -- 2003 1.000 1.062 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.435 1.418 -- 2005 1.239 1.435 -- 2004 1.058 1.239 -- 2003 1.000 1.058 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.423 1.849 -- 2005 1.355 1.423 -- 2004 1.053 1.355 -- 2003 1.000 1.053 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.297 1.408 -- 2005 1.201 1.297 -- 2004 1.074 1.201 -- 2003 1.000 1.074 --
123 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.294 1.440 -- 2005 1.199 1.294 -- 2004 1.067 1.199 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.482 1.706 -- 2006 1.355 1.482 -- 2005 1.184 1.355 -- 2004 1.048 1.184 -- 2003 1.000 1.048 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.679 1.897 -- 2006 1.525 1.679 -- 2005 1.319 1.525 -- 2004 1.080 1.319 -- 2003 1.000 1.080 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.193 1.213 -- 2006 1.030 1.193 -- 2005 1.000 1.030 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.232 1.342 -- 2006 1.157 1.232 -- 2005 1.127 1.157 -- 2004 1.031 1.127 -- 2003 1.000 1.031 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.260 1.462 -- 2005 1.164 1.260 -- 2004 1.055 1.164 -- 2003 1.000 1.055 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.073 2.615 -- 2006 1.652 2.073 -- 2005 1.323 1.652 -- 2004 1.083 1.323 -- 2003 1.000 1.083 --
124 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 1.590 1.798 -- 2006 1.336 1.590 -- 2005 1.238 1.336 -- 2004 1.066 1.238 -- 2003 1.000 1.066 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.307 1.560 -- 2005 1.226 1.307 -- 2004 1.078 1.226 -- 2003 1.000 1.078 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.490 1.777 -- 2006 1.342 1.490 -- 2005 1.223 1.342 -- 2004 1.036 1.223 -- 2003 1.000 1.036 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.202 1.344 -- 2005 1.180 1.202 -- 2004 1.048 1.180 -- 2003 1.000 1.048 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.133 1.204 -- 2006 1.077 1.133 -- 2005 1.034 1.077 -- 2004 1.026 1.034 -- 2003 1.000 1.026 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.350 1.342 27,439 2006 1.267 1.350 27,445 2005 1.158 1.267 27,451 2004 1.075 1.158 -- 2003 1.000 1.075 -- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.297 1.378 -- 2006 1.154 1.297 -- 2005 1.129 1.154 -- 2004 1.059 1.129 -- 2003 1.000 1.059 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.276 1.273 --
125 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.191 1.229 21,699 2006 1.100 1.191 6,382 2005 1.077 1.100 6,388 2004 1.047 1.077 -- 2003 1.000 1.047 -- LMPVET Capital Subaccount (3/03)................... 2007 1.277 1.274 -- 2006 1.147 1.277 -- 2005 1.112 1.147 -- 2004 1.065 1.112 -- 2003 1.000 1.065 -- LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.197 1.248 -- 2006 1.036 1.197 -- 2005 1.059 1.036 -- 2004 1.046 1.059 -- 2003 1.000 1.046 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.320 1.356 -- 2006 1.170 1.320 -- 2005 1.145 1.170 -- 2004 1.061 1.145 -- 2003 1.000 1.061 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.330 1.320 -- 2006 1.163 1.330 -- 2005 1.132 1.163 -- 2004 1.068 1.132 -- 2003 1.000 1.068 -- LMPVET Global Equity Subaccount (3/03)............. 2007 1.362 1.400 -- 2006 1.207 1.362 -- 2005 1.156 1.207 -- 2004 1.070 1.156 -- 2003 1.000 1.070 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.401 1.426 -- 2006 1.209 1.401 -- 2005 1.158 1.209 -- 2004 1.071 1.158 -- 2003 1.000 1.071 --
126 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.083 1.117 -- 2006 1.056 1.083 -- 2005 1.025 1.056 -- 2004 1.042 1.025 -- 2003 1.000 1.042 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.337 1.404 -- 2006 1.189 1.337 -- 2005 1.120 1.189 -- 2004 1.036 1.120 -- 2003 1.000 1.036 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.239 1.257 -- 2006 1.126 1.239 -- 2005 1.110 1.126 -- 2004 1.061 1.110 -- 2003 1.000 1.061 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.346 1.451 -- 2006 1.219 1.346 -- 2005 1.186 1.219 -- 2004 1.051 1.186 -- 2003 1.000 1.051 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.013 1.006 -- 2006 0.993 1.013 -- 2005 0.991 0.993 -- 2004 1.000 0.991 -- 2003 1.000 1.000 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.110 1.109 -- 2006 1.075 1.110 -- 2005 1.070 1.075 -- 2004 1.023 1.070 -- 2003 1.000 1.023 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.224 1.203 -- 2006 1.126 1.224 -- 2005 1.120 1.126 -- 2004 1.035 1.120 -- 2003 1.000 1.035 --
127 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVIT Money Market Subaccount (3/03).............. 2007 1.018 1.047 -- 2006 0.993 1.018 -- 2005 0.986 0.993 -- 2004 0.998 0.986 -- 2003 1.000 0.998 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.352 1.441 -- 2006 1.223 1.352 -- 2005 1.190 1.223 -- 2004 1.050 1.190 -- 2003 1.000 1.050 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.335 1.399 -- 2006 1.154 1.335 -- 2005 1.132 1.154 -- 2004 1.067 1.132 -- 2003 1.000 1.067 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.380 1.432 -- 2006 1.201 1.380 -- 2005 1.188 1.201 -- 2004 1.076 1.188 -- 2003 1.000 1.076 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.529 1.683 -- 2006 1.390 1.529 3,420 2005 1.311 1.390 3,423 2004 1.079 1.311 -- 2003 1.000 1.079 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.450 1.518 -- 2006 1.373 1.450 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.505 1.512 -- MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.192 1.156 -- 2006 1.122 1.192 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 1.656 1.609 -- 2006 1.508 1.656 --
128 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.449 1.852 -- 2006 1.418 1.449 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.203 1.063 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.073 1.090 -- 2006 1.001 1.073 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.069 1.053 16,831 2006 0.970 1.069 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.210 1.327 -- 2006 1.229 1.210 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.218 1.329 -- 2006 1.231 1.218 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.843 1.929 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.385 1.461 -- 2006 1.257 1.385 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.216 1.015 -- 2006 1.003 1.216 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.093 1.154 -- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.361 1.400 -- 2006 1.270 1.361 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.104 1.217 -- 2006 1.052 1.104 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.154 1.206 -- 2006 1.117 1.154 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.026 0.974 -- 2006 1.003 1.026 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.183 1.396 -- 2006 1.216 1.183 -- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.040 1.081 41,879 2006 1.000 1.040 41,879
129 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.181 1.156 -- 2006 1.000 1.181 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.217 1.240 -- 2006 1.205 1.217 -- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.254 1.278 -- 2006 1.226 1.254 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.057 1.069 -- 2006 1.002 1.057 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.040 1.075 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.046 1.074 -- 2006 1.002 1.046 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.051 1.075 -- 2006 1.002 1.051 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.056 1.074 -- 2006 1.002 1.056 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.273 1.299 -- 2006 1.194 1.273 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.048 1.091 -- 2006 0.996 1.048 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.066 1.139 -- 2006 0.998 1.066 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.068 1.088 -- 2006 1.083 1.068 -- 2005 1.083 1.083 -- 2004 1.015 1.083 -- 2003 1.000 1.015 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.065 1.135 9,392 2006 1.047 1.065 9,404 2005 1.043 1.047 9,418 2004 1.015 1.043 -- 2003 1.000 1.015 --
130 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.714 1.852 -- 2006 1.369 1.714 -- 2005 1.246 1.369 -- 2004 1.094 1.246 -- 2003 1.000 1.094 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 1.608 1.714 -- 2006 1.399 1.608 -- 2005 1.334 1.399 -- 2004 1.079 1.334 -- 2003 1.000 1.079 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.156 1.229 -- 2005 1.085 1.156 -- 2004 1.040 1.085 -- 2003 1.000 1.040 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.168 1.226 -- 2005 1.141 1.168 -- 2004 1.060 1.141 -- 2003 1.000 1.060 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.171 1.205 -- 2005 1.099 1.171 -- 2004 1.053 1.099 -- 2003 1.000 1.053 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.026 1.089 -- 2005 1.000 1.026 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.008 1.010 -- 2005 1.005 1.008 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.037 1.072 -- 2005 0.994 1.037 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.050 1.093 -- 2005 1.000 1.050 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.023 1.041 -- 2005 1.000 1.023 --
131 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Managed Income Subaccount (3/03)......... 2006 1.016 1.005 -- 2005 1.023 1.016 41,879 2004 1.015 1.023 -- 2003 1.000 1.015 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.295 1.373 -- 2005 1.180 1.295 -- 2004 1.039 1.180 -- 2003 1.000 1.039 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.151 1.216 -- 2005 1.140 1.151 -- 2004 1.019 1.140 -- 2003 1.000 1.019 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.159 1.194 -- 2005 1.149 1.159 -- 2004 1.052 1.149 -- 2003 1.000 1.052 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.165 1.257 -- 2005 1.117 1.165 -- 2004 1.000 1.117 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.314 1.508 -- 2005 1.225 1.314 -- 2004 1.080 1.225 -- 2003 1.000 1.080 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.198 1.270 -- 2005 1.154 1.198 -- 2004 1.060 1.154 -- 2003 1.000 1.060 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.001 1.052 -- 2005 1.000 1.001 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.108 1.117 -- 2005 1.091 1.108 -- 2004 1.000 1.091 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.152 1.201 -- 2005 1.153 1.152 -- 2004 1.067 1.153 -- 2003 1.000 1.067 --
132 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.071 1.231 -- 2005 1.000 1.071 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.979 1.122 -- 2005 1.000 0.979 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.112 1.153 -- 2005 1.053 1.112 -- 2004 1.035 1.053 -- 2003 1.000 1.035 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.128 1.292 -- 2006 1.119 1.128 -- 2005 1.058 1.119 -- 2004 1.009 1.058 -- 2003 1.000 1.009 --
VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.458 1.521 -- 2005 1.424 1.458 14,622 2004 1.309 1.424 239,175 2003 1.000 1.309 154,743 AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.419 1.379 -- 2005 1.263 1.419 -- 2004 1.192 1.263 -- 2003 1.000 1.192 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.998 2.245 208,526 2006 1.696 1.998 352,227 2005 1.520 1.696 311,115 2004 1.369 1.520 152,636 2003 1.000 1.369 7,894
133 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.816 1.996 604,397 2006 1.684 1.816 891,439 2005 1.482 1.684 1,157,392 2004 1.346 1.482 542,670 2003 1.000 1.346 119,024 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.659 1.705 409,954 2006 1.472 1.659 693,728 2005 1.422 1.472 738,222 2004 1.317 1.422 433,106 2003 1.000 1.317 3,553 Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.670 1.649 -- 2005 1.444 1.670 44,279 2004 1.235 1.444 -- 2003 1.000 1.235 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.748 2.267 -- 2005 1.667 1.748 20,620 2004 1.297 1.667 -- 2003 1.000 1.297 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.293 1.403 -- 2005 1.199 1.293 103,561 2004 1.073 1.199 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.290 1.435 -- 2005 1.197 1.290 17,336 2004 1.067 1.197 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.809 2.079 35,650 2006 1.657 1.809 37,277 2005 1.450 1.657 41,948 2004 1.285 1.450 11,282 2003 1.000 1.285 --
134 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.227 2.512 96,222 2006 2.025 2.227 167,194 2005 1.754 2.025 143,326 2004 1.438 1.754 18,434 2003 1.000 1.438 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.190 1.208 1,864 2006 1.029 1.190 -- 2005 1.000 1.029 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.656 1.802 46,270 2006 1.558 1.656 56,953 2005 1.520 1.558 66,022 2004 1.393 1.520 45,755 2003 1.000 1.393 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.501 1.739 -- 2005 1.388 1.501 195,115 2004 1.260 1.388 129,222 2003 1.000 1.260 80,498 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.745 3.458 26,064 2006 2.191 2.745 84,885 2005 1.757 2.191 115,785 2004 1.440 1.757 10,803 2003 1.000 1.440 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.083 2.352 52,970 2006 1.753 2.083 101,112 2005 1.627 1.753 200,936 2004 1.403 1.627 32,716 2003 1.000 1.403 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.666 1.985 -- 2005 1.564 1.666 281,583 2004 1.378 1.564 7,737 2003 1.000 1.378 --
135 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.881 2.240 11,583 2006 1.697 1.881 11,583 2005 1.548 1.697 11,583 2004 1.314 1.548 9,204 2003 1.000 1.314 7,826 Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.519 1.696 -- 2005 1.493 1.519 63,025 2004 1.329 1.493 1,482 2003 1.000 1.329 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.443 1.533 -- 2006 1.374 1.443 -- 2005 1.321 1.374 -- 2004 1.313 1.321 -- 2003 1.000 1.313 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.623 1.611 54,829 2006 1.525 1.623 83,434 2005 1.396 1.525 167,427 2004 1.298 1.396 264,720 2003 1.000 1.298 77,320 LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.488 1.579 183,049 2006 1.325 1.488 191,640 2005 1.299 1.325 222,148 2004 1.221 1.299 147,770 2003 1.000 1.221 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.512 1.508 9,876 LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.345 1.386 840,086 2006 1.244 1.345 1,130,686 2005 1.220 1.244 1,439,374 2004 1.187 1.220 1,316,949 2003 1.000 1.187 201,847 LMPVET Capital Subaccount (3/03)................... 2007 1.531 1.525 686,549 2006 1.377 1.531 872,767 2005 1.338 1.377 1,049,838 2004 1.282 1.338 978,760 2003 1.000 1.282 147,033
136 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.381 1.438 50,956 2006 1.197 1.381 54,142 2005 1.226 1.197 58,139 2004 1.212 1.226 27,517 2003 1.000 1.212 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.561 1.602 101,790 2006 1.386 1.561 136,974 2005 1.359 1.386 140,639 2004 1.260 1.359 63,632 2003 1.000 1.260 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.742 1.726 104,702 2006 1.525 1.742 125,764 2005 1.487 1.525 152,231 2004 1.405 1.487 189,617 2003 1.000 1.405 7,465 LMPVET Global Equity Subaccount (3/03)............. 2007 1.654 1.697 535,407 2006 1.468 1.654 544,404 2005 1.408 1.468 553,251 2004 1.306 1.408 338,277 2003 1.000 1.306 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.724 1.752 8,277 2006 1.490 1.724 9,195 2005 1.430 1.490 9,199 2004 1.324 1.430 1,406 2003 1.000 1.324 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.427 1.470 20,599 2006 1.395 1.427 17,951 2005 1.355 1.395 18,436 2004 1.380 1.355 18,411 2003 1.000 1.380 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.665 1.745 59,260 2006 1.482 1.665 60,112 2005 1.399 1.482 101,444 2004 1.295 1.399 290,824 2003 1.000 1.295 --
137 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.470 1.490 -- 2006 1.338 1.470 18,133 2005 1.321 1.338 18,193 2004 1.265 1.321 18,112 2003 1.000 1.265 8,364 LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.947 2.095 28,964 2006 1.765 1.947 48,764 2005 1.720 1.765 20,331 2004 1.527 1.720 11,011 2003 1.000 1.527 11,011 Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.006 0.998 59,114 2006 0.988 1.006 92,288 2005 0.987 0.988 102,498 2004 0.997 0.987 277,373 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.160 1.157 207,848 2006 1.125 1.160 214,333 2005 1.121 1.125 213,996 2004 1.074 1.121 103,953 2003 1.000 1.074 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.392 1.366 61,599 2006 1.282 1.392 77,047 2005 1.277 1.282 134,861 2004 1.182 1.277 157,571 2003 1.000 1.182 -- LMPVIT Money Market Subaccount (3/03).............. 2007 1.003 1.030 23,318 2006 0.980 1.003 -- 2005 0.975 0.980 10,329 2004 0.988 0.975 183,524 2003 1.000 0.988 6,840 Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.839 1.958 -- 2006 1.665 1.839 -- 2005 1.622 1.665 -- 2004 1.434 1.622 -- 2003 1.000 1.434 --
138 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.747 1.829 -- 2006 1.512 1.747 6,365 2005 1.485 1.512 1,675 2004 1.402 1.485 104,060 2003 1.000 1.402 102,702 Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.581 1.640 -- 2006 1.378 1.581 216,659 2005 1.364 1.378 221,399 2004 1.238 1.364 143,847 2003 1.000 1.238 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.767 1.944 -- 2006 1.610 1.767 131,615 2005 1.520 1.610 173,155 2004 1.253 1.520 38,251 2003 1.000 1.253 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.683 1.761 -- 2006 1.596 1.683 82,202 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.747 1.753 66,948 MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.190 1.152 16,312 2006 1.120 1.190 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 2.019 1.958 90,386 2006 1.839 2.019 63,837 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.684 2.149 29,643 2006 1.649 1.684 54,161 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.200 1.059 20,307 MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.072 1.087 383,693 2006 1.001 1.072 171,873 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.068 1.051 139,118 2006 0.970 1.068 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.457 1.594 -- 2006 1.480 1.457 --
139 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.215 1.324 7,611 2006 1.229 1.215 8,360 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.304 2.410 8,322 MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.380 1.453 150,373 2006 1.254 1.380 86,479 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.215 1.013 37,701 2006 1.003 1.215 64,528 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.117 1.178 219,360 MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.547 1.589 9,444 2006 1.445 1.547 9,481 MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.101 1.213 -- 2006 1.051 1.101 21,269 MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.149 1.199 227,032 2006 1.114 1.149 340,509 MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.025 0.972 143,102 2006 1.003 1.025 158,242 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.521 1.791 14,695 2006 1.564 1.521 -- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.061 1.101 38,097 2006 1.000 1.061 46,274 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.393 1.362 -- 2006 1.000 1.393 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.406 1.430 38,087 2006 1.393 1.406 41,136 MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.551 1.579 154,005 2006 1.518 1.551 249,144 MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.056 1.067 -- 2006 1.002 1.056 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.038 1.072 -- 2006 1.001 1.038 --
140 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.045 1.071 117,952 2006 1.002 1.045 120,201 MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.050 1.072 -- 2006 1.002 1.050 264,955 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.055 1.072 -- 2006 1.002 1.055 267,079 MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.405 1.432 461,771 2006 1.320 1.405 569,992 MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.047 1.088 345,954 2006 0.996 1.047 644,897 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.064 1.136 -- 2006 0.998 1.064 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.092 1.112 -- 2006 1.109 1.092 180,266 2005 1.110 1.109 208,749 2004 1.042 1.110 157,639 2003 1.000 1.042 8,555 PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.064 1.132 464,098 2006 1.048 1.064 589,101 2005 1.046 1.048 611,269 2004 1.019 1.046 458,318 2003 1.000 1.019 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.144 2.316 -- 2006 1.716 2.144 -- 2005 1.563 1.716 -- 2004 1.375 1.563 -- 2003 1.000 1.375 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.286 2.437 -- 2006 1.993 2.286 51,733 2005 1.903 1.993 26,730 2004 1.541 1.903 13,240 2003 1.000 1.541 --
141 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.393 1.480 -- 2005 1.309 1.393 -- 2004 1.257 1.309 -- 2003 1.000 1.257 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.448 1.518 -- 2005 1.416 1.448 225,054 2004 1.318 1.416 83,992 2003 1.000 1.318 9,187 Travelers Large Cap Subaccount (3/03).............. 2006 1.354 1.393 -- 2005 1.274 1.354 32,294 2004 1.222 1.274 2,890 2003 1.000 1.222 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.088 -- 2005 1.000 1.025 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.007 1.009 -- 2005 1.005 1.007 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.036 1.071 -- 2005 0.994 1.036 247,822 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.049 1.092 -- 2005 1.000 1.049 249,318 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.022 1.040 -- 2005 1.000 1.022 110,895 Travelers Managed Income Subaccount (3/03)......... 2006 1.038 1.026 -- 2005 1.047 1.038 96,640 2004 1.040 1.047 89,889 2003 1.000 1.040 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.506 1.596 -- 2005 1.374 1.506 79,498 2004 1.212 1.374 -- 2003 1.000 1.212 --
142 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.481 1.564 -- 2005 1.469 1.481 -- 2004 1.316 1.469 -- 2003 1.000 1.316 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.281 1.320 -- 2005 1.272 1.281 687,194 2004 1.167 1.272 170,874 2003 1.000 1.167 12,195 Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.163 1.254 -- 2005 1.116 1.163 359,684 2004 1.000 1.116 44,093 Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.604 1.839 -- 2005 1.497 1.604 66,903 2004 1.322 1.497 27,609 2003 1.000 1.322 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.364 1.445 -- 2005 1.316 1.364 6,297 2004 1.210 1.316 -- 2003 1.000 1.210 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.000 1.051 -- 2005 1.000 1.000 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.105 1.114 -- 2005 1.090 1.105 285,343 2004 1.000 1.090 123,208 Travelers Strategic Equity Subaccount (3/03)....... 2006 1.365 1.421 -- 2005 1.367 1.365 2,341 2004 1.268 1.367 -- 2003 1.000 1.268 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.070 1.229 -- 2005 1.000 1.070 5,294 Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.979 1.120 -- 2005 1.000 0.979 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.314 1.361 -- 2005 1.246 1.314 -- 2004 1.226 1.246 -- 2003 1.000 1.226 --
143 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.348 1.542 23,362 2006 1.339 1.348 23,362 2005 1.269 1.339 23,362 2004 1.211 1.269 11,895 2003 1.000 1.211 --
VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.196 1.248 -- 2005 1.170 1.196 -- 2004 1.075 1.170 -- 2003 1.000 1.075 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.229 1.194 -- 2005 1.094 1.229 -- 2004 1.033 1.094 -- 2003 1.000 1.033 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.552 1.742 -- 2006 1.318 1.552 -- 2005 1.181 1.318 -- 2004 1.065 1.181 -- 2003 1.000 1.065 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.405 1.544 -- 2006 1.304 1.405 -- 2005 1.148 1.304 -- 2004 1.043 1.148 -- 2003 1.000 1.043 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.336 1.372 -- 2006 1.186 1.336 -- 2005 1.146 1.186 -- 2004 1.062 1.146 -- 2003 1.000 1.062 --
144 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.429 1.411 -- 2005 1.236 1.429 -- 2004 1.058 1.236 -- 2003 1.000 1.058 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.417 1.838 -- 2005 1.352 1.417 -- 2004 1.052 1.352 -- 2003 1.000 1.052 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.291 1.401 -- 2005 1.199 1.291 -- 2004 1.073 1.199 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.433 -- 2005 1.197 1.289 -- 2004 1.067 1.197 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.473 1.692 -- 2006 1.350 1.473 -- 2005 1.181 1.350 -- 2004 1.047 1.181 -- 2003 1.000 1.047 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.669 1.881 -- 2006 1.518 1.669 -- 2005 1.316 1.518 -- 2004 1.079 1.316 -- 2003 1.000 1.079 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.189 1.206 -- 2006 1.028 1.189 -- 2005 1.000 1.028 --
145 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.224 1.331 -- 2006 1.152 1.224 -- 2005 1.124 1.152 -- 2004 1.031 1.124 -- 2003 1.000 1.031 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.255 1.453 -- 2005 1.161 1.255 -- 2004 1.054 1.161 -- 2003 1.000 1.054 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.060 2.594 -- 2006 1.645 2.060 -- 2005 1.320 1.645 -- 2004 1.082 1.320 -- 2003 1.000 1.082 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 1.580 1.783 -- 2006 1.331 1.580 -- 2005 1.235 1.331 -- 2004 1.066 1.235 -- 2003 1.000 1.066 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.302 1.550 -- 2005 1.223 1.302 -- 2004 1.078 1.223 -- 2003 1.000 1.078 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.481 1.762 -- 2006 1.337 1.481 -- 2005 1.220 1.337 -- 2004 1.036 1.220 -- 2003 1.000 1.036 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.197 1.336 -- 2005 1.177 1.197 -- 2004 1.048 1.177 -- 2003 1.000 1.048 --
146 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.126 1.196 -- 2006 1.072 1.126 -- 2005 1.032 1.072 -- 2004 1.026 1.032 -- 2003 1.000 1.026 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.342 1.331 -- 2006 1.261 1.342 -- 2005 1.155 1.261 -- 2004 1.075 1.155 -- 2003 1.000 1.075 -- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.289 1.367 -- 2006 1.149 1.289 -- 2005 1.126 1.149 -- 2004 1.059 1.126 -- 2003 1.000 1.059 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.266 1.262 -- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.183 1.219 -- 2006 1.095 1.183 -- 2005 1.074 1.095 -- 2004 1.046 1.074 -- 2003 1.000 1.046 -- LMPVET Capital Subaccount (3/03)................... 2007 1.269 1.263 -- 2006 1.142 1.269 -- 2005 1.110 1.142 -- 2004 1.064 1.110 -- 2003 1.000 1.064 -- LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.189 1.238 -- 2006 1.031 1.189 -- 2005 1.057 1.031 -- 2004 1.045 1.057 -- 2003 1.000 1.045 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.311 1.345 -- 2006 1.165 1.311 -- 2005 1.143 1.165 -- 2004 1.060 1.143 -- 2003 1.000 1.060 --
147 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.322 1.309 -- 2006 1.158 1.322 -- 2005 1.130 1.158 -- 2004 1.068 1.130 -- 2003 1.000 1.068 -- LMPVET Global Equity Subaccount (3/03)............. 2007 1.354 1.389 -- 2006 1.202 1.354 -- 2005 1.154 1.202 -- 2004 1.070 1.154 -- 2003 1.000 1.070 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.392 1.414 -- 2006 1.204 1.392 -- 2005 1.156 1.204 -- 2004 1.071 1.156 -- 2003 1.000 1.071 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.076 1.108 -- 2006 1.052 1.076 -- 2005 1.022 1.052 -- 2004 1.042 1.022 -- 2003 1.000 1.042 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.329 1.392 -- 2006 1.184 1.329 -- 2005 1.118 1.184 -- 2004 1.035 1.118 -- 2003 1.000 1.035 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.231 1.247 -- 2006 1.121 1.231 -- 2005 1.107 1.121 -- 2004 1.061 1.107 -- 2003 1.000 1.061 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.338 1.439 -- 2006 1.213 1.338 -- 2005 1.183 1.213 -- 2004 1.051 1.183 -- 2003 1.000 1.051 --
148 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.007 0.998 -- 2006 0.989 1.007 -- 2005 0.988 0.989 -- 2004 0.999 0.988 -- 2003 1.000 0.999 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.103 1.100 -- 2006 1.071 1.103 -- 2005 1.068 1.071 -- 2004 1.023 1.068 -- 2003 1.000 1.023 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.217 1.193 -- 2006 1.121 1.217 -- 2005 1.117 1.121 -- 2004 1.035 1.117 -- 2003 1.000 1.035 -- LMPVIT Money Market Subaccount (3/03).............. 2007 1.012 1.038 -- 2006 0.989 1.012 -- 2005 0.984 0.989 -- 2004 0.998 0.984 -- 2003 1.000 0.998 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.344 1.431 -- 2006 1.217 1.344 -- 2005 1.187 1.217 -- 2004 1.050 1.187 -- 2003 1.000 1.050 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.327 1.389 -- 2006 1.149 1.327 -- 2005 1.129 1.149 -- 2004 1.066 1.129 -- 2003 1.000 1.066 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.372 1.423 -- 2006 1.196 1.372 -- 2005 1.185 1.196 -- 2004 1.076 1.185 -- 2003 1.000 1.076 --
149 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.519 1.671 -- 2006 1.384 1.519 -- 2005 1.308 1.384 -- 2004 1.079 1.308 -- 2003 1.000 1.079 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.440 1.507 -- 2006 1.366 1.440 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.495 1.499 -- MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.189 1.151 -- 2006 1.120 1.189 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 1.646 1.596 -- 2006 1.500 1.646 -- MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.440 1.837 -- 2006 1.411 1.440 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.199 1.058 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.071 1.086 -- 2006 1.001 1.071 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.067 1.050 -- 2006 0.970 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.202 1.316 -- 2006 1.223 1.202 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.214 1.323 -- 2006 1.229 1.214 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.830 1.913 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.378 1.450 -- 2006 1.252 1.378 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.215 1.012 -- 2006 1.003 1.215 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.085 1.144 --
150 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.353 1.388 -- 2006 1.263 1.353 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.101 1.212 -- 2006 1.050 1.101 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.148 1.197 -- 2006 1.113 1.148 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.024 0.971 -- 2006 1.003 1.024 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.176 1.384 -- 2006 1.210 1.176 -- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.033 1.072 -- 2006 1.000 1.033 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.174 1.147 -- 2006 1.000 1.174 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.210 1.229 -- 2006 1.199 1.210 -- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.246 1.268 -- 2006 1.220 1.246 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.056 1.066 -- 2006 1.002 1.056 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.038 1.071 -- 2006 1.001 1.038 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.045 1.070 -- 2006 1.002 1.045 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.050 1.071 -- 2006 1.002 1.050 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.055 1.071 -- 2006 1.002 1.055 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.265 1.288 -- 2006 1.188 1.265 --
151 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.046 1.087 -- 2006 0.996 1.046 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.064 1.136 -- 2006 0.998 1.064 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.062 1.081 -- 2006 1.078 1.062 -- 2005 1.080 1.078 -- 2004 1.014 1.080 -- 2003 1.000 1.014 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.058 1.126 -- 2006 1.043 1.058 -- 2005 1.041 1.043 -- 2004 1.015 1.041 -- 2003 1.000 1.015 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.703 1.840 -- 2006 1.364 1.703 -- 2005 1.243 1.364 -- 2004 1.094 1.243 -- 2003 1.000 1.094 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 1.598 1.702 -- 2006 1.393 1.598 -- 2005 1.331 1.393 -- 2004 1.078 1.331 -- 2003 1.000 1.078 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.151 1.223 -- 2005 1.082 1.151 -- 2004 1.039 1.082 -- 2003 1.000 1.039 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.163 1.220 -- 2005 1.139 1.163 -- 2004 1.060 1.139 -- 2003 1.000 1.060 --
152 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Large Cap Subaccount (3/03).............. 2006 1.166 1.199 -- 2005 1.097 1.166 -- 2004 1.053 1.097 -- 2003 1.000 1.053 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.088 -- 2005 1.000 1.025 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.007 1.008 -- 2005 1.005 1.007 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.036 1.071 -- 2005 0.994 1.036 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.049 1.092 -- 2005 1.000 1.049 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.022 1.040 -- 2005 1.000 1.022 -- Travelers Managed Income Subaccount (3/03)......... 2006 1.012 1.000 -- 2005 1.021 1.012 -- 2004 1.015 1.021 -- 2003 1.000 1.015 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.289 1.366 -- 2005 1.177 1.289 -- 2004 1.039 1.177 -- 2003 1.000 1.039 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.146 1.210 -- 2005 1.137 1.146 -- 2004 1.019 1.137 -- 2003 1.000 1.019 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.154 1.188 -- 2005 1.146 1.154 -- 2004 1.051 1.146 -- 2003 1.000 1.051 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.162 1.252 -- 2005 1.116 1.162 -- 2004 1.000 1.116 --
153 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.309 1.500 -- 2005 1.222 1.309 -- 2004 1.080 1.222 -- 2003 1.000 1.080 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.193 1.263 -- 2005 1.151 1.193 -- 2004 1.060 1.151 -- 2003 1.000 1.060 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.000 1.050 -- 2005 1.000 1.000 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.104 1.113 -- 2005 1.089 1.104 -- 2004 1.000 1.089 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.147 1.195 -- 2005 1.150 1.147 -- 2004 1.067 1.150 -- 2003 1.000 1.067 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.070 1.229 -- 2005 1.000 1.070 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.979 1.120 -- 2005 1.000 0.979 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.107 1.147 -- 2005 1.051 1.107 -- 2004 1.034 1.051 -- 2003 1.000 1.034 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.121 1.282 -- 2006 1.114 1.121 -- 2005 1.056 1.114 -- 2004 1.009 1.056 -- 2003 1.000 1.009 --
154 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.454 1.516 -- 2005 1.422 1.454 -- 2004 1.308 1.422 -- 2003 1.000 1.308 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.415 1.374 -- 2005 1.261 1.415 -- 2004 1.191 1.261 -- 2003 1.000 1.191 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.991 2.234 1,656 2006 1.691 1.991 2,589 2005 1.517 1.691 2,644 2004 1.368 1.517 4,344 2003 1.000 1.368 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.809 1.986 76,629 2006 1.680 1.809 114,296 2005 1.479 1.680 244,595 2004 1.345 1.479 250,691 2003 1.000 1.345 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.653 1.697 43,244 2006 1.468 1.653 77,575 2005 1.420 1.468 149,489 2004 1.316 1.420 176,539 2003 1.007 1.316 2,830 Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.665 1.644 -- 2005 1.442 1.665 12,726 2004 1.234 1.442 -- 2003 1.000 1.234 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.743 2.259 -- 2005 1.664 1.743 39,879 2004 1.296 1.664 39,497 2003 1.000 1.296 --
155 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.290 1.400 -- 2005 1.198 1.290 4,463 2004 1.073 1.198 2,121 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.287 1.431 -- 2005 1.196 1.287 49,669 2004 1.067 1.196 51,868 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.802 2.070 27,276 2006 1.653 1.802 20,618 2005 1.447 1.653 20,618 2004 1.284 1.447 -- 2003 1.008 1.284 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.218 2.500 4,967 2006 2.019 2.218 53,444 2005 1.751 2.019 55,392 2004 1.437 1.751 57,438 2003 1.000 1.437 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.188 1.205 39,171 2006 1.028 1.188 39,105 2005 1.000 1.028 33,738 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.650 1.794 -- 2006 1.553 1.650 -- 2005 1.517 1.553 -- 2004 1.392 1.517 -- 2003 1.000 1.392 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.497 1.732 -- 2005 1.386 1.497 9,287 2004 1.259 1.386 4,690 2003 1.000 1.259 2,907
156 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.735 3.442 5,074 2006 2.185 2.735 49,387 2005 1.754 2.185 50,633 2004 1.439 1.754 33,018 2003 1.000 1.439 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.075 2.341 22,659 2006 1.748 2.075 22,755 2005 1.624 1.748 22,827 2004 1.402 1.624 29,189 2003 1.000 1.402 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.661 1.977 -- 2005 1.561 1.661 17,999 2004 1.377 1.561 3,426 2003 1.000 1.377 2,800 Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.874 2.229 -- 2006 1.692 1.874 -- 2005 1.545 1.692 -- 2004 1.313 1.545 -- 2003 1.009 1.313 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.515 1.690 -- 2005 1.491 1.515 10,166 2004 1.328 1.491 -- 2003 1.000 1.328 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.438 1.527 -- 2006 1.370 1.438 -- 2005 1.319 1.370 -- 2004 1.312 1.319 -- 2003 1.000 1.312 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.617 1.604 32,597 2006 1.521 1.617 32,597 2005 1.394 1.521 32,597 2004 1.297 1.394 -- 2003 1.000 1.297 --
157 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.483 1.571 15,245 2006 1.322 1.483 15,245 2005 1.297 1.322 15,245 2004 1.220 1.297 -- 2003 1.000 1.220 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.505 1.501 -- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.340 1.379 -- 2006 1.241 1.340 -- 2005 1.218 1.241 -- 2004 1.187 1.218 -- 2003 1.000 1.187 -- LMPVET Capital Subaccount (3/03)................... 2007 1.525 1.518 -- 2006 1.374 1.525 -- 2005 1.335 1.374 -- 2004 1.281 1.335 -- 2003 1.003 1.281 -- LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.376 1.431 -- 2006 1.194 1.376 -- 2005 1.224 1.194 -- 2004 1.211 1.224 -- 2003 1.000 1.211 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.555 1.594 14,575 2006 1.382 1.555 14,575 2005 1.357 1.382 192,293 2004 1.259 1.357 190,445 2003 1.000 1.259 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.736 1.718 18,161 2006 1.521 1.736 13,265 2005 1.485 1.521 13,265 2004 1.404 1.485 -- 2003 1.005 1.404 -- LMPVET Global Equity Subaccount (3/03)............. 2007 1.648 1.689 -- 2006 1.464 1.648 -- 2005 1.406 1.464 -- 2004 1.305 1.406 -- 2003 1.000 1.305 --
158 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.718 1.744 -- 2006 1.486 1.718 -- 2005 1.427 1.486 -- 2004 1.323 1.427 -- 2003 1.000 1.323 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.422 1.463 31,367 2006 1.391 1.422 31,367 2005 1.352 1.391 31,367 2004 1.379 1.352 -- 2003 1.000 1.379 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.658 1.736 -- 2006 1.478 1.658 -- 2005 1.396 1.478 -- 2004 1.294 1.396 -- 2003 0.999 1.294 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.464 1.483 -- 2006 1.334 1.464 -- 2005 1.318 1.334 -- 2004 1.264 1.318 -- 2003 1.000 1.264 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.940 2.085 -- 2006 1.760 1.940 -- 2005 1.717 1.760 -- 2004 1.526 1.717 -- 2003 1.000 1.526 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.003 0.993 173,208 2006 0.986 1.003 201,975 2005 0.985 0.986 664,366 2004 0.997 0.985 809,141 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.156 1.152 -- 2006 1.122 1.156 -- 2005 1.119 1.122 -- 2004 1.073 1.119 -- 2003 1.000 1.073 --
159 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVIT High Income Subaccount (3/03)............... 2007 1.387 1.359 -- 2006 1.278 1.387 -- 2005 1.275 1.278 -- 2004 1.181 1.275 -- 2003 1.000 1.181 -- LMPVIT Money Market Subaccount (3/03).............. 2007 1.000 1.025 60,502 2006 0.978 1.000 60,502 2005 0.973 0.978 95,506 2004 0.987 0.973 -- 2003 1.000 0.987 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.832 1.950 -- 2006 1.660 1.832 -- 2005 1.619 1.660 -- 2004 1.433 1.619 -- 2003 1.000 1.433 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.740 1.822 -- 2006 1.508 1.740 45,460 2005 1.483 1.508 43,863 2004 1.401 1.483 41,099 2003 1.000 1.401 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.575 1.633 -- 2006 1.374 1.575 91,117 2005 1.362 1.374 148,679 2004 1.237 1.362 133,090 2003 1.000 1.237 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.761 1.936 -- 2006 1.605 1.761 44,081 2005 1.518 1.605 88,457 2004 1.252 1.518 39,363 2003 1.000 1.252 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.677 1.754 -- 2006 1.591 1.677 22,704 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.739 1.744 23,368
160 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.188 1.149 -- 2006 1.120 1.188 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 2.011 1.948 10,956 2006 1.834 2.011 32,894 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.678 2.139 12,196 2006 1.644 1.678 13,250 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.198 1.056 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.071 1.085 32,185 2006 1.001 1.071 10,548 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.067 1.049 51,963 2006 0.970 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.451 1.587 -- 2006 1.476 1.451 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.213 1.321 -- 2006 1.228 1.213 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.294 2.398 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.376 1.447 -- 2006 1.251 1.376 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.214 1.011 6,213 2006 1.003 1.214 66,580 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.112 1.172 5,842 MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.542 1.582 -- 2006 1.440 1.542 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.100 1.211 -- 2006 1.050 1.100 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.146 1.195 66,887 2006 1.112 1.146 13,027 MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.024 0.970 3,846 2006 1.003 1.024 88,717
161 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.515 1.783 684 2006 1.559 1.515 685 MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.057 1.096 -- 2006 1.000 1.057 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.388 1.355 -- 2006 1.000 1.388 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.401 1.423 -- 2006 1.389 1.401 4,960 MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.545 1.572 35,666 2006 1.513 1.545 35,724 MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.055 1.065 10,510 2006 1.002 1.055 10,908 MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.038 1.071 -- 2006 1.001 1.038 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.044 1.070 33,150 2006 1.002 1.044 32,152 MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.050 1.070 -- 2006 1.002 1.050 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.054 1.070 31,945 2006 1.002 1.054 32,457 MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.400 1.425 61,161 2006 1.316 1.400 59,629 MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.046 1.086 27,935 2006 0.996 1.046 37,856 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.064 1.135 -- 2006 0.998 1.064 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.088 1.108 -- 2006 1.106 1.088 5,489 2005 1.109 1.106 5,273 2004 1.042 1.109 5,008 2003 1.000 1.042 --
162 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.060 1.127 115,056 2006 1.045 1.060 52,020 2005 1.044 1.045 59,464 2004 1.018 1.044 51,269 2003 0.998 1.018 3,200 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.135 2.307 -- 2006 1.711 2.135 -- 2005 1.560 1.711 -- 2004 1.374 1.560 -- 2003 1.018 1.374 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.278 2.427 -- 2006 1.987 2.278 -- 2005 1.900 1.987 36,298 2004 1.540 1.900 32,258 2003 1.000 1.540 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.389 1.476 -- 2005 1.307 1.389 -- 2004 1.256 1.307 -- 2003 1.000 1.256 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.444 1.513 -- 2005 1.414 1.444 35,658 2004 1.317 1.414 9,822 2003 1.000 1.317 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.351 1.389 -- 2005 1.271 1.351 4,855 2004 1.221 1.271 -- 2003 1.000 1.221 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.087 -- 2005 1.000 1.025 6,807 Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.008 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.036 1.070 -- 2005 0.994 1.036 --
163 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.048 1.091 -- 2005 1.000 1.048 19,861 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.022 1.039 -- 2005 1.000 1.022 20,233 Travelers Managed Income Subaccount (3/03)......... 2006 1.035 1.023 -- 2005 1.045 1.035 -- 2004 1.039 1.045 -- 2003 1.003 1.039 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.502 1.591 -- 2005 1.371 1.502 22,526 2004 1.211 1.371 -- 2003 1.000 1.211 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.477 1.559 -- 2005 1.466 1.477 45 2004 1.315 1.466 -- 2003 1.000 1.315 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.278 1.316 -- 2005 1.270 1.278 59,136 2004 1.166 1.270 16,985 2003 1.003 1.166 2,981 Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.161 1.251 -- 2005 1.115 1.161 10,394 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.600 1.834 -- 2005 1.495 1.600 32,896 2004 1.321 1.495 12,686 2003 1.000 1.321 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.361 1.440 -- 2005 1.314 1.361 -- 2004 1.210 1.314 -- 2003 1.000 1.210 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.000 1.050 -- 2005 1.000 1.000 --
164 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.103 1.112 -- 2005 1.089 1.103 20,359 2004 1.000 1.089 13,032 Travelers Strategic Equity Subaccount (3/03)....... 2006 1.361 1.417 -- 2005 1.365 1.361 -- 2004 1.267 1.365 -- 2003 1.000 1.267 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.069 1.228 -- 2005 1.000 1.069 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.978 1.120 -- 2005 1.000 0.978 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.310 1.357 -- 2005 1.243 1.310 -- 2004 1.225 1.243 -- 2003 1.000 1.225 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.343 1.535 -- 2006 1.336 1.343 -- 2005 1.266 1.336 -- 2004 1.211 1.266 -- 2003 1.000 1.211 --
VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.450 1.511 -- 2005 1.419 1.450 -- 2004 1.307 1.419 -- 2003 1.000 1.307 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.411 1.369 -- 2005 1.258 1.411 -- 2004 1.190 1.258 -- 2003 1.000 1.190 --
165 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.983 2.223 38,178 2006 1.687 1.983 124,313 2005 1.514 1.687 118,392 2004 1.367 1.514 51,125 2003 1.000 1.367 14,765 American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.802 1.977 136,353 2006 1.675 1.802 225,935 2005 1.476 1.675 223,285 2004 1.344 1.476 74,657 2003 1.000 1.344 27,774 American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.647 1.689 127,435 2006 1.464 1.647 162,577 2005 1.417 1.464 158,736 2004 1.315 1.417 129,297 2003 1.000 1.315 78,652 Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.661 1.639 -- 2005 1.439 1.661 24,733 2004 1.233 1.439 -- 2003 1.000 1.233 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.738 2.250 -- 2005 1.661 1.738 57,737 2004 1.295 1.661 -- 2003 1.000 1.295 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.287 1.396 -- 2005 1.197 1.287 29,911 2004 1.073 1.197 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.284 1.428 -- 2005 1.195 1.284 13,269 2004 1.066 1.195 -- 2003 1.000 1.066 --
166 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.796 2.060 84,255 2006 1.648 1.796 84,257 2005 1.445 1.648 35,395 2004 1.283 1.445 -- 2003 1.000 1.283 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.210 2.488 64,155 2006 2.014 2.210 113,414 2005 1.748 2.014 110,845 2004 1.436 1.748 -- 2003 1.000 1.436 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.186 1.201 82,030 2006 1.027 1.186 82,033 2005 1.000 1.027 60,361 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.644 1.785 2,172 2006 1.549 1.644 2,175 2005 1.514 1.549 2,179 2004 1.391 1.514 -- 2003 1.000 1.391 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.493 1.726 -- 2005 1.383 1.493 15,819 2004 1.258 1.383 15,819 2003 1.000 1.258 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.725 3.426 18,595 2006 2.179 2.725 81,286 2005 1.751 2.179 63,578 2004 1.438 1.751 -- 2003 1.000 1.438 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.067 2.330 36,920 2006 1.744 2.067 37,135 2005 1.621 1.744 37,369 2004 1.401 1.621 -- 2003 1.000 1.401 --
167 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.656 1.970 -- 2005 1.558 1.656 45,642 2004 1.376 1.558 -- 2003 1.000 1.376 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.867 2.218 -- 2006 1.687 1.867 -- 2005 1.543 1.687 7,146 2004 1.312 1.543 7,231 2003 1.000 1.312 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.511 1.684 -- 2005 1.488 1.511 8,071 2004 1.327 1.488 -- 2003 1.000 1.327 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.432 1.521 -- 2006 1.367 1.432 -- 2005 1.317 1.367 -- 2004 1.311 1.317 -- 2003 1.000 1.311 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.611 1.596 44,474 2006 1.517 1.611 28,530 2005 1.391 1.517 28,550 2004 1.296 1.391 28,571 2003 1.000 1.296 8,279 LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.477 1.564 6,416 2006 1.318 1.477 -- 2005 1.294 1.318 -- 2004 1.219 1.294 -- 2003 1.000 1.219 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.498 1.494 2,466 LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.335 1.373 25,394 2006 1.237 1.335 102,364 2005 1.216 1.237 569,582 2004 1.186 1.216 595,228 2003 1.000 1.186 455,867
168 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Capital Subaccount (3/03)................... 2007 1.520 1.511 20,242 2006 1.370 1.520 32,603 2005 1.333 1.370 117,994 2004 1.280 1.333 163,573 2003 1.000 1.280 50,599 LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.371 1.424 7,966 2006 1.190 1.371 7,976 2005 1.222 1.190 7,988 2004 1.210 1.222 -- 2003 1.000 1.210 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.549 1.587 1,959 2006 1.378 1.549 1,921 2005 1.354 1.378 1,977 2004 1.258 1.354 -- 2003 1.000 1.258 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.729 1.709 19,932 2006 1.516 1.729 17,810 2005 1.482 1.516 17,810 2004 1.403 1.482 17,810 2003 1.000 1.403 2,396 LMPVET Global Equity Subaccount (3/03)............. 2007 1.642 1.681 16,969 2006 1.460 1.642 14,931 2005 1.403 1.460 12,470 2004 1.304 1.403 11,173 2003 1.000 1.304 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.711 1.736 -- 2006 1.482 1.711 -- 2005 1.425 1.482 -- 2004 1.322 1.425 -- 2003 1.000 1.322 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.416 1.456 7,352 2006 1.387 1.416 14,668 2005 1.350 1.387 14,668 2004 1.378 1.350 14,668 2003 1.000 1.378 --
169 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.652 1.728 -- 2006 1.474 1.652 -- 2005 1.394 1.474 -- 2004 1.293 1.394 -- 2003 1.000 1.293 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.459 1.476 -- 2006 1.331 1.459 2,469 2005 1.316 1.331 2,474 2004 1.263 1.316 -- 2003 1.000 1.263 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.933 2.075 -- 2006 1.755 1.933 64,389 2005 1.714 1.755 57,869 2004 1.525 1.714 -- 2003 1.000 1.525 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.000 0.989 -- 2006 0.983 1.000 -- 2005 0.984 0.983 -- 2004 0.996 0.984 -- 2003 1.000 0.996 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.151 1.146 -- 2006 1.119 1.151 -- 2005 1.117 1.119 -- 2004 1.072 1.117 -- 2003 1.000 1.072 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.381 1.353 -- 2006 1.275 1.381 -- 2005 1.273 1.275 -- 2004 1.180 1.273 -- 2003 1.000 1.180 -- LMPVIT Money Market Subaccount (3/03).............. 2007 0.996 1.020 85,370 2006 0.975 0.996 85,370 2005 0.971 0.975 85,370 2004 0.986 0.971 85,370 2003 1.000 0.986 --
170 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.825 1.942 -- 2006 1.656 1.825 -- 2005 1.616 1.656 -- 2004 1.432 1.616 -- 2003 1.000 1.432 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.734 1.814 -- 2006 1.504 1.734 23,917 2005 1.480 1.504 23,917 2004 1.400 1.480 23,917 2003 1.000 1.400 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.569 1.627 -- 2006 1.371 1.569 60,184 2005 1.360 1.371 33,213 2004 1.236 1.360 -- 2003 1.000 1.236 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.755 1.929 -- 2006 1.601 1.755 125,511 2005 1.515 1.601 103,206 2004 1.251 1.515 18,863 2003 1.000 1.251 9,172 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.670 1.747 -- 2006 1.586 1.670 9,217 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.732 1.736 9,413 MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.186 1.147 20,339 2006 1.119 1.186 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 2.003 1.939 10,332 2006 1.828 2.003 10,145 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.671 2.129 34,552 2006 1.639 1.671 38,259 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.196 1.054 --
171 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.070 1.083 15,719 2006 1.001 1.070 15,719 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.066 1.047 99,276 2006 0.970 1.066 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.446 1.579 -- 2006 1.471 1.446 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.212 1.318 -- 2006 1.227 1.212 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.285 2.387 7,300 MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.373 1.442 11,286 2006 1.249 1.373 11,415 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.214 1.009 -- 2006 1.003 1.214 121,946 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.108 1.167 -- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.536 1.574 16,758 2006 1.436 1.536 16,926 MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.098 1.209 -- 2006 1.049 1.098 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.143 1.190 8,071 2006 1.110 1.143 19,791 MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.023 0.969 20,905 2006 1.003 1.023 67,917 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.509 1.774 14,392 2006 1.554 1.509 9,792 MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.053 1.091 9,267 2006 1.000 1.053 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.383 1.349 -- 2006 1.000 1.383 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.396 1.416 -- 2006 1.384 1.396 --
172 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.539 1.564 7,674 2006 1.509 1.539 7,510 MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.055 1.063 -- 2006 1.002 1.055 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.037 1.069 -- 2006 1.001 1.037 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.044 1.068 -- 2006 1.002 1.044 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.049 1.068 4,999 2006 1.002 1.049 5,322 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.054 1.068 125,893 2006 1.002 1.054 128,916 MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.395 1.418 90,028 2006 1.312 1.395 106,497 MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.045 1.085 104,928 2006 0.996 1.045 120,898 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.063 1.133 -- 2006 0.998 1.063 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.084 1.103 -- 2006 1.103 1.084 3,496 2005 1.107 1.103 4,167 2004 1.041 1.107 5,645 2003 1.000 1.041 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.056 1.122 28,765 2006 1.042 1.056 36,442 2005 1.042 1.042 56,281 2004 1.017 1.042 139,247 2003 1.000 1.017 24,671
173 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.127 2.297 -- 2006 1.706 2.127 14,698 2005 1.557 1.706 14,698 2004 1.373 1.557 14,698 2003 1.000 1.373 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.269 2.417 -- 2006 1.982 2.269 -- 2005 1.896 1.982 -- 2004 1.539 1.896 -- 2003 1.000 1.539 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.385 1.471 -- 2005 1.305 1.385 23,629 2004 1.255 1.305 23,629 2003 1.000 1.255 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.440 1.509 -- 2005 1.411 1.440 15,000 2004 1.316 1.411 7,550 2003 1.000 1.316 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.347 1.384 -- 2005 1.269 1.347 -- 2004 1.220 1.269 -- 2003 1.000 1.220 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.025 1.087 -- 2005 1.000 1.025 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.007 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.035 1.069 -- 2005 0.994 1.035 5,148 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.048 1.090 -- 2005 1.000 1.048 118,459 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.021 1.038 -- 2005 1.000 1.021 --
174 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Managed Income Subaccount (3/03)......... 2006 1.032 1.020 -- 2005 1.043 1.032 -- 2004 1.039 1.043 -- 2003 1.000 1.039 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.498 1.586 -- 2005 1.369 1.498 -- 2004 1.210 1.369 -- 2003 1.000 1.210 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.473 1.554 -- 2005 1.464 1.473 -- 2004 1.314 1.464 -- 2003 1.000 1.314 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.274 1.312 -- 2005 1.268 1.274 94,291 2004 1.165 1.268 -- 2003 1.000 1.165 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.159 1.249 -- 2005 1.115 1.159 18,333 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.595 1.828 -- 2005 1.492 1.595 2,174 2004 1.320 1.492 -- 2003 1.000 1.320 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.357 1.436 -- 2005 1.311 1.357 11,942 2004 1.209 1.311 -- 2003 1.000 1.209 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.999 1.049 -- 2005 1.000 0.999 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.110 -- 2005 1.088 1.102 39,186 2004 1.000 1.088 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.357 1.412 -- 2005 1.362 1.357 23,784 2004 1.266 1.362 23,784 2003 1.000 1.266 --
175 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.069 1.227 -- 2005 1.000 1.069 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.978 1.119 -- 2005 1.000 0.978 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.306 1.352 -- 2005 1.241 1.306 24,555 2004 1.224 1.241 24,555 2003 1.000 1.224 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.338 1.527 4,528 2006 1.332 1.338 4,528 2005 1.264 1.332 4,528 2004 1.210 1.264 4,528 2003 1.000 1.210 4,528
VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.191 1.242 -- 2005 1.167 1.191 -- 2004 1.075 1.167 -- 2003 1.000 1.075 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.223 1.186 -- 2005 1.091 1.223 -- 2004 1.032 1.091 -- 2003 1.000 1.032 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.542 1.728 -- 2006 1.312 1.542 -- 2005 1.179 1.312 -- 2004 1.064 1.179 -- 2003 1.000 1.064 --
176 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.397 1.531 -- 2006 1.298 1.397 -- 2005 1.145 1.298 -- 2004 1.043 1.145 -- 2003 1.000 1.043 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.327 1.360 -- 2006 1.181 1.327 -- 2005 1.143 1.181 -- 2004 1.061 1.143 -- 2003 1.000 1.061 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.423 1.404 -- 2005 1.234 1.423 -- 2004 1.058 1.234 -- 2003 1.000 1.058 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.411 1.826 -- 2005 1.349 1.411 -- 2004 1.052 1.349 -- 2003 1.000 1.052 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.394 -- 2005 1.196 1.286 -- 2004 1.073 1.196 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.283 1.426 -- 2005 1.194 1.283 -- 2004 1.066 1.194 -- 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.463 1.678 -- 2006 1.344 1.463 -- 2005 1.178 1.344 -- 2004 1.047 1.178 -- 2003 1.000 1.047 --
177 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 1.658 1.866 -- 2006 1.512 1.658 -- 2005 1.313 1.512 -- 2004 1.079 1.313 -- 2003 1.000 1.079 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.185 1.200 -- 2006 1.027 1.185 -- 2005 1.000 1.027 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.216 1.320 -- 2006 1.147 1.216 -- 2005 1.121 1.147 -- 2004 1.031 1.121 -- 2003 1.000 1.031 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.250 1.444 -- 2005 1.158 1.250 -- 2004 1.054 1.158 -- 2003 1.000 1.054 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.047 2.572 -- 2006 1.638 2.047 -- 2005 1.317 1.638 -- 2004 1.082 1.317 -- 2003 1.000 1.082 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 1.570 1.769 -- 2006 1.325 1.570 -- 2005 1.232 1.325 -- 2004 1.065 1.232 -- 2003 1.000 1.065 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.296 1.541 -- 2005 1.220 1.296 -- 2004 1.077 1.220 -- 2003 1.000 1.077 --
178 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.472 1.748 -- 2006 1.331 1.472 -- 2005 1.217 1.331 -- 2004 1.035 1.217 -- 2003 1.000 1.035 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.192 1.328 -- 2005 1.175 1.192 -- 2004 1.048 1.175 -- 2003 1.000 1.048 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.119 1.187 -- 2006 1.068 1.119 -- 2005 1.029 1.068 -- 2004 1.025 1.029 -- 2003 1.000 1.025 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.333 1.320 -- 2006 1.256 1.333 -- 2005 1.153 1.256 -- 2004 1.074 1.153 -- 2003 1.000 1.074 -- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.281 1.355 -- 2006 1.144 1.281 -- 2005 1.124 1.144 -- 2004 1.059 1.124 -- 2003 1.000 1.059 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.256 1.252 -- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.176 1.209 -- 2006 1.091 1.176 -- 2005 1.072 1.091 -- 2004 1.046 1.072 -- 2003 1.000 1.046 -- LMPVET Capital Subaccount (3/03)................... 2007 1.261 1.253 -- 2006 1.137 1.261 -- 2005 1.107 1.137 -- 2004 1.064 1.107 -- 2003 1.000 1.064 --
179 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.182 1.227 -- 2006 1.027 1.182 -- 2005 1.054 1.027 -- 2004 1.045 1.054 -- 2003 1.000 1.045 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.303 1.334 -- 2006 1.160 1.303 -- 2005 1.140 1.160 -- 2004 1.060 1.140 -- 2003 1.000 1.060 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.314 1.298 -- 2006 1.153 1.314 -- 2005 1.127 1.153 -- 2004 1.067 1.127 -- 2003 1.000 1.067 -- LMPVET Global Equity Subaccount (3/03)............. 2007 1.345 1.377 -- 2006 1.197 1.345 -- 2005 1.151 1.197 -- 2004 1.070 1.151 -- 2003 1.000 1.070 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.383 1.402 -- 2006 1.199 1.383 -- 2005 1.153 1.199 -- 2004 1.070 1.153 -- 2003 1.000 1.070 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.069 1.098 -- 2006 1.047 1.069 -- 2005 1.020 1.047 -- 2004 1.042 1.020 -- 2003 1.000 1.042 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.321 1.381 -- 2006 1.179 1.321 -- 2005 1.115 1.179 -- 2004 1.035 1.115 -- 2003 1.000 1.035 --
180 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.223 1.237 -- 2006 1.117 1.223 -- 2005 1.105 1.117 -- 2004 1.061 1.105 -- 2003 1.000 1.061 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.330 1.427 -- 2006 1.208 1.330 -- 2005 1.180 1.208 -- 2004 1.051 1.180 -- 2003 1.000 1.051 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.001 0.990 -- 2006 0.985 1.001 -- 2005 0.986 0.985 -- 2004 0.999 0.986 -- 2003 1.000 0.999 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.097 1.091 -- 2006 1.066 1.097 -- 2005 1.065 1.066 -- 2004 1.023 1.065 -- 2003 1.000 1.023 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.209 1.183 -- 2006 1.116 1.209 -- 2005 1.115 1.116 -- 2004 1.034 1.115 -- 2003 1.000 1.034 -- LMPVIT Money Market Subaccount (3/03).............. 2007 1.006 1.029 -- 2006 0.985 1.006 -- 2005 0.982 0.985 -- 2004 0.997 0.982 -- 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.335 1.421 -- 2006 1.212 1.335 -- 2005 1.184 1.212 -- 2004 1.050 1.184 -- 2003 1.000 1.050 --
181 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.319 1.380 -- 2006 1.144 1.319 -- 2005 1.127 1.144 -- 2004 1.066 1.127 -- 2003 1.000 1.066 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.363 1.413 -- 2006 1.191 1.363 -- 2005 1.182 1.191 -- 2004 1.075 1.182 -- 2003 1.000 1.075 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.510 1.659 -- 2006 1.379 1.510 -- 2005 1.305 1.379 -- 2004 1.078 1.305 -- 2003 1.000 1.078 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.431 1.497 -- 2006 1.359 1.431 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.484 1.487 -- MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.185 1.145 -- 2006 1.118 1.185 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 1.636 1.582 -- 2006 1.493 1.636 -- MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.431 1.822 -- 2006 1.404 1.431 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.194 1.052 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.070 1.083 -- 2006 1.001 1.070 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.066 1.046 -- 2006 0.970 1.066 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.195 1.305 -- 2006 1.217 1.195 --
182 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.211 1.316 -- 2006 1.227 1.211 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.817 1.898 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.371 1.440 -- 2006 1.248 1.371 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.213 1.009 -- 2006 1.003 1.213 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.078 1.135 -- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.344 1.377 -- 2006 1.257 1.344 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.097 1.208 -- 2006 1.048 1.097 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.142 1.188 -- 2006 1.109 1.142 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.023 0.968 -- 2006 1.003 1.023 -- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.168 1.373 -- 2006 1.204 1.168 -- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.027 1.063 -- 2006 1.000 1.027 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.167 1.137 -- 2006 1.000 1.167 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.202 1.219 -- 2006 1.193 1.202 -- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.238 1.257 -- 2006 1.214 1.238 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.054 1.062 -- 2006 1.002 1.054 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.037 1.068 -- 2006 1.001 1.037 --
183 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.043 1.067 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.048 1.067 -- 2006 1.002 1.048 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.053 1.067 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.257 1.278 -- 2006 1.183 1.257 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.045 1.084 -- 2006 0.996 1.045 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.063 1.132 -- 2006 0.998 1.063 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.055 1.073 -- 2006 1.074 1.055 -- 2005 1.078 1.074 -- 2004 1.014 1.078 -- 2003 1.000 1.014 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.052 1.116 -- 2006 1.038 1.052 -- 2005 1.038 1.038 -- 2004 1.015 1.038 -- 2003 1.000 1.015 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 1.692 1.827 -- 2006 1.358 1.692 -- 2005 1.240 1.358 -- 2004 1.094 1.240 -- 2003 1.000 1.094 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 1.588 1.691 -- 2006 1.387 1.588 -- 2005 1.328 1.387 -- 2004 1.078 1.328 -- 2003 1.000 1.078 --
184 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.146 1.217 -- 2005 1.080 1.146 -- 2004 1.039 1.080 -- 2003 1.000 1.039 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.158 1.214 -- 2005 1.136 1.158 -- 2004 1.060 1.136 -- 2003 1.000 1.060 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.161 1.193 -- 2005 1.094 1.161 -- 2004 1.053 1.094 -- 2003 1.000 1.053 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.024 1.086 -- 2005 1.000 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.007 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.035 1.069 -- 2005 0.994 1.035 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.048 1.090 -- 2005 1.000 1.048 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.021 1.038 -- 2005 1.000 1.021 -- Travelers Managed Income Subaccount (3/03)......... 2006 1.007 0.995 -- 2005 1.018 1.007 -- 2004 1.015 1.018 -- 2003 1.000 1.015 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.284 1.359 -- 2005 1.174 1.284 -- 2004 1.038 1.174 -- 2003 1.000 1.038 --
185 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.141 1.204 -- 2005 1.134 1.141 -- 2004 1.019 1.134 -- 2003 1.000 1.019 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.149 1.183 -- 2005 1.143 1.149 -- 2004 1.051 1.143 -- 2003 1.000 1.051 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.158 1.248 -- 2005 1.114 1.158 -- 2004 1.000 1.114 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.303 1.493 -- 2005 1.219 1.303 -- 2004 1.080 1.219 -- 2003 1.000 1.080 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.188 1.257 -- 2005 1.149 1.188 -- 2004 1.059 1.149 -- 2003 1.000 1.059 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.999 1.048 -- 2005 1.000 0.999 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.101 1.109 -- 2005 1.088 1.101 -- 2004 1.000 1.088 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.142 1.189 -- 2005 1.147 1.142 -- 2004 1.067 1.147 -- 2003 1.000 1.067 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.069 1.227 -- 2005 1.000 1.069 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.978 1.118 -- 2005 1.000 0.978 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.103 1.142 -- 2005 1.048 1.103 -- 2004 1.034 1.048 -- 2003 1.000 1.034 --
186 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.114 1.271 -- 2006 1.110 1.114 -- 2005 1.053 1.110 -- 2004 1.009 1.053 -- 2003 1.000 1.009 --
VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.446 1.507 -- 2005 1.417 1.446 -- 2004 1.306 1.417 -- 2003 1.000 1.306 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.407 1.364 -- 2005 1.256 1.407 -- 2004 1.189 1.256 19,490 2003 1.000 1.189 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.976 2.213 26,708 2006 1.682 1.976 28,035 2005 1.512 1.682 29,473 2004 1.366 1.512 9,759 2003 1.000 1.366 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.796 1.967 50,828 2006 1.670 1.796 62,148 2005 1.474 1.670 70,719 2004 1.343 1.474 30,894 2003 1.000 1.343 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.641 1.681 49,648 2006 1.460 1.641 62,267 2005 1.414 1.460 72,259 2004 1.314 1.414 45,500 2003 1.007 1.314 --
187 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.656 1.634 -- 2005 1.437 1.656 -- 2004 1.232 1.437 -- 2003 1.000 1.232 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.733 2.242 -- 2005 1.658 1.733 8,725 2004 1.294 1.658 6,664 2003 1.000 1.294 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.284 1.393 -- 2005 1.195 1.284 28,342 2004 1.073 1.195 60,770 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.282 1.425 -- 2005 1.193 1.282 19,528 2004 1.066 1.193 19,916 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.789 2.050 -- 2006 1.643 1.789 -- 2005 1.442 1.643 -- 2004 1.282 1.442 -- 2003 1.008 1.282 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.202 2.476 2,386 2006 2.008 2.202 2,612 2005 1.744 2.008 2,644 2004 1.435 1.744 2,964 2003 1.000 1.435 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.184 1.198 -- 2006 1.027 1.184 -- 2005 1.000 1.027 --
188 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.638 1.777 -- 2006 1.545 1.638 -- 2005 1.511 1.545 -- 2004 1.390 1.511 -- 2003 1.000 1.390 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.489 1.719 -- 2005 1.381 1.489 -- 2004 1.257 1.381 -- 2003 1.000 1.257 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.715 3.410 8,640 2006 2.173 2.715 11,017 2005 1.748 2.173 13,780 2004 1.437 1.748 3,240 2003 1.000 1.437 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.060 2.319 30,893 2006 1.739 2.060 32,461 2005 1.618 1.739 33,803 2004 1.400 1.618 14,636 2003 1.000 1.400 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.652 1.963 -- 2005 1.556 1.652 15,124 2004 1.375 1.556 15,043 2003 1.000 1.375 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.860 2.208 -- 2006 1.683 1.860 -- 2005 1.540 1.683 -- 2004 1.311 1.540 -- 2003 1.009 1.311 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.507 1.678 -- 2005 1.486 1.507 -- 2004 1.326 1.486 -- 2003 1.000 1.326 --
189 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.427 1.514 -- 2006 1.363 1.427 -- 2005 1.314 1.363 -- 2004 1.310 1.314 -- 2003 1.000 1.310 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.605 1.589 9,483 2006 1.512 1.605 -- 2005 1.389 1.512 -- 2004 1.295 1.389 -- 2003 1.000 1.295 -- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.472 1.556 -- 2006 1.314 1.472 -- 2005 1.292 1.314 -- 2004 1.218 1.292 -- 2003 1.000 1.218 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.491 1.487 -- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.330 1.366 -- 2006 1.234 1.330 -- 2005 1.213 1.234 -- 2004 1.185 1.213 -- 2003 1.000 1.185 -- LMPVET Capital Subaccount (3/03)................... 2007 1.514 1.503 -- 2006 1.366 1.514 -- 2005 1.331 1.366 -- 2004 1.279 1.331 -- 2003 1.003 1.279 -- LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.366 1.418 -- 2006 1.187 1.366 -- 2005 1.219 1.187 -- 2004 1.209 1.219 -- 2003 1.000 1.209 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.543 1.579 -- 2006 1.374 1.543 -- 2005 1.352 1.374 -- 2004 1.257 1.352 -- 2003 1.000 1.257 --
190 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.723 1.701 -- 2006 1.512 1.723 -- 2005 1.480 1.512 -- 2004 1.402 1.480 -- 2003 1.005 1.402 -- LMPVET Global Equity Subaccount (3/03)............. 2007 1.636 1.673 -- 2006 1.456 1.636 -- 2005 1.401 1.456 -- 2004 1.303 1.401 -- 2003 1.000 1.303 -- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.705 1.727 -- 2006 1.478 1.705 -- 2005 1.422 1.478 -- 2004 1.321 1.422 -- 2003 1.000 1.321 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.411 1.449 -- 2006 1.383 1.411 -- 2005 1.348 1.383 -- 2004 1.377 1.348 -- 2003 1.000 1.377 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.646 1.720 -- 2006 1.470 1.646 -- 2005 1.391 1.470 -- 2004 1.292 1.391 -- 2003 0.999 1.292 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.453 1.469 -- 2006 1.327 1.453 -- 2005 1.314 1.327 -- 2004 1.262 1.314 -- 2003 1.000 1.262 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.925 2.066 -- 2006 1.751 1.925 -- 2005 1.711 1.751 -- 2004 1.524 1.711 -- 2003 1.000 1.524 --
191 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.996 0.985 -- 2006 0.981 0.996 -- 2005 0.983 0.981 -- 2004 0.996 0.983 -- 2003 1.000 0.996 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.147 1.141 -- 2006 1.116 1.147 -- 2005 1.115 1.116 -- 2004 1.071 1.115 -- 2003 1.000 1.071 -- LMPVIT High Income Subaccount (3/03)............... 2007 1.376 1.346 -- 2006 1.271 1.376 -- 2005 1.270 1.271 -- 2004 1.179 1.270 -- 2003 1.000 1.179 -- LMPVIT Money Market Subaccount (3/03).............. 2007 0.992 1.015 -- 2006 0.972 0.992 -- 2005 0.970 0.972 -- 2004 0.985 0.970 -- 2003 1.000 0.985 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.818 1.934 -- 2006 1.651 1.818 -- 2005 1.614 1.651 -- 2004 1.431 1.614 -- 2003 1.000 1.431 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.727 1.807 -- 2006 1.499 1.727 5,611 2005 1.477 1.499 9,627 2004 1.399 1.477 7,427 2003 1.000 1.399 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.564 1.620 -- 2006 1.367 1.564 16,483 2005 1.357 1.367 17,620 2004 1.235 1.357 17,110 2003 1.000 1.235 --
192 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.748 1.921 -- 2006 1.597 1.748 3,338 2005 1.513 1.597 3,267 2004 1.250 1.513 3,417 2003 1.000 1.250 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.664 1.740 -- 2006 1.581 1.664 13,871 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.725 1.728 13,804 MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.184 1.144 -- 2006 1.118 1.184 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 1.996 1.930 5,892 2006 1.822 1.996 5,892 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.665 2.119 -- 2006 1.634 1.665 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.193 1.051 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.069 1.082 -- 2006 1.001 1.069 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.065 1.045 5,428 2006 0.970 1.065 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.440 1.572 -- 2006 1.467 1.440 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.210 1.314 -- 2006 1.226 1.210 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.275 2.375 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.369 1.437 46,221 2006 1.246 1.369 47,199 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.213 1.008 -- 2006 1.003 1.213 9,489 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.103 1.161 19,739
193 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.530 1.567 -- 2006 1.432 1.530 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.097 1.207 -- 2006 1.048 1.097 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.140 1.186 -- 2006 1.108 1.140 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.023 0.967 25,383 2006 1.003 1.023 25,861 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.504 1.766 -- 2006 1.550 1.504 -- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.049 1.085 -- 2006 1.000 1.049 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.378 1.342 -- 2006 1.000 1.378 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.390 1.409 -- 2006 1.380 1.390 -- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.534 1.557 -- 2006 1.504 1.534 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.054 1.061 -- 2006 1.002 1.054 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.036 1.067 -- 2006 1.001 1.036 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.043 1.066 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.048 1.067 115,025 2006 1.002 1.048 115,025 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.053 1.066 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.390 1.412 6,466 2006 1.308 1.390 6,466
194 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.045 1.083 58,461 2006 0.996 1.045 62,680 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.062 1.131 -- 2006 0.998 1.062 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.081 1.099 -- 2006 1.100 1.081 20,970 2005 1.105 1.100 20,886 2004 1.040 1.105 19,893 2003 1.000 1.040 -- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.052 1.116 22,480 2006 1.039 1.052 20,638 2005 1.040 1.039 19,436 2004 1.017 1.040 51,840 2003 0.998 1.017 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.119 2.288 -- 2006 1.701 2.119 -- 2005 1.555 1.701 -- 2004 1.372 1.555 -- 2003 1.018 1.372 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.261 2.407 -- 2006 1.976 2.261 -- 2005 1.893 1.976 -- 2004 1.538 1.893 -- 2003 1.000 1.538 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.381 1.467 -- 2005 1.303 1.381 -- 2004 1.254 1.303 -- 2003 1.000 1.254 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.436 1.504 -- 2005 1.409 1.436 -- 2004 1.315 1.409 -- 2003 1.000 1.315 --
195 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Large Cap Subaccount (3/03).............. 2006 1.343 1.380 -- 2005 1.267 1.343 -- 2004 1.219 1.267 -- 2003 1.000 1.219 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.024 1.086 -- 2005 1.000 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.006 1.006 -- 2005 1.004 1.006 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.035 1.068 -- 2005 0.994 1.035 107,862 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.047 1.089 -- 2005 1.000 1.047 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.021 1.037 -- 2005 1.000 1.021 -- Travelers Managed Income Subaccount (3/03)......... 2006 1.029 1.017 -- 2005 1.041 1.029 -- 2004 1.038 1.041 -- 2003 1.003 1.038 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.493 1.581 -- 2005 1.366 1.493 13,868 2004 1.209 1.366 33,604 2003 1.000 1.209 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.469 1.550 -- 2005 1.461 1.469 -- 2004 1.313 1.461 -- 2003 1.000 1.313 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.271 1.308 -- 2005 1.265 1.271 6,466 2004 1.164 1.265 6,466 2003 1.003 1.164 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.157 1.246 -- 2005 1.114 1.157 45,265 2004 1.000 1.114 --
196 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.591 1.822 -- 2005 1.489 1.591 5,892 2004 1.319 1.489 5,892 2003 1.000 1.319 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.353 1.432 -- 2005 1.309 1.353 -- 2004 1.208 1.309 -- 2003 1.000 1.208 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.999 1.048 -- 2005 1.000 0.999 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.100 1.108 -- 2005 1.088 1.100 -- 2004 1.000 1.088 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.353 1.408 -- 2005 1.360 1.353 -- 2004 1.265 1.360 -- 2003 1.000 1.265 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.068 1.226 -- 2005 1.000 1.068 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.977 1.118 -- 2005 1.000 0.977 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.303 1.348 -- 2005 1.239 1.303 -- 2004 1.223 1.239 -- 2003 1.000 1.223 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.333 1.520 -- 2006 1.328 1.333 -- 2005 1.262 1.328 -- 2004 1.209 1.262 -- 2003 1.000 1.209 --
197 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (3/03)................................... 2006 1.442 1.502 -- 2005 1.414 1.442 -- 2004 1.305 1.414 -- 2003 1.000 1.305 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (3/03)................................... 2006 1.403 1.359 -- 2005 1.254 1.403 -- 2004 1.188 1.254 -- 2003 1.000 1.188 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (3/03)............................................. 2007 1.968 2.202 -- 2006 1.677 1.968 -- 2005 1.509 1.677 -- 2004 1.365 1.509 3,419 2003 1.000 1.365 -- American Funds Growth Subaccount (Class 2) (3/03).. 2007 1.789 1.958 89,675 2006 1.666 1.789 89,043 2005 1.471 1.666 89,047 2004 1.342 1.471 12,735 2003 1.000 1.342 -- American Funds Growth-Income Subaccount (Class 2) (3/03)............................................. 2007 1.635 1.673 44,738 2006 1.456 1.635 44,742 2005 1.412 1.456 44,746 2004 1.313 1.412 9,353 2003 1.000 1.313 -- Capital Appreciation Fund Capital Appreciation Fund (3/03)................... 2006 1.652 1.629 -- 2005 1.434 1.652 -- 2004 1.231 1.434 -- 2003 1.000 1.231 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/03)............................................. 2006 1.728 2.234 -- 2005 1.655 1.728 -- 2004 1.293 1.655 -- 2003 1.000 1.293 --
198 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.282 1.389 -- 2005 1.194 1.282 -- 2004 1.073 1.194 -- 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.279 1.421 -- 2005 1.192 1.279 -- 2004 1.066 1.192 -- 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (3/03)............................................. 2007 1.782 2.040 58,121 2006 1.639 1.782 57,476 2005 1.439 1.639 57,476 2004 1.281 1.439 3,645 2003 1.000 1.281 -- VIP Mid Cap Subaccount (Service Class 2) (3/03).... 2007 2.193 2.465 -- 2006 2.003 2.193 -- 2005 1.741 2.003 -- 2004 1.434 1.741 -- 2003 1.000 1.434 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.182 1.195 -- 2006 1.026 1.182 -- 2005 1.000 1.026 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (3/03)........................ 2007 1.632 1.768 53,371 2006 1.541 1.632 53,371 2005 1.509 1.541 53,371 2004 1.389 1.509 3,463 2003 1.000 1.389 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (3/03).......................................... 2006 1.485 1.713 -- 2005 1.378 1.485 -- 2004 1.256 1.378 -- 2003 1.000 1.256 --
199 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.705 3.394 -- 2006 2.167 2.705 -- 2005 1.745 2.167 -- 2004 1.436 1.745 -- 2003 1.000 1.436 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (3/03)................................... 2007 2.052 2.308 1,029 2006 1.734 2.052 1,031 2005 1.615 1.734 20,795 2004 1.398 1.615 1,035 2003 1.000 1.398 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (3/03)................................... 2006 1.647 1.955 -- 2005 1.553 1.647 -- 2004 1.374 1.553 -- 2003 1.000 1.374 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (3/03)..................................... 2007 1.853 2.197 3,143 2006 1.678 1.853 3,143 2005 1.537 1.678 3,143 2004 1.309 1.537 3,460 2003 1.000 1.309 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.503 1.673 -- 2005 1.483 1.503 4,230 2004 1.325 1.483 -- 2003 1.000 1.325 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (3/03)............................................. 2007 1.421 1.508 -- 2006 1.359 1.421 -- 2005 1.312 1.359 -- 2004 1.309 1.312 -- 2003 1.000 1.309 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/03)............................................. 2007 1.599 1.581 58,715 2006 1.508 1.599 58,164 2005 1.386 1.508 81,532 2004 1.294 1.386 3,848 2003 1.000 1.294 --
200 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Appreciation Subaccount (Class I) (3/03).... 2007 1.466 1.549 49,576 2006 1.311 1.466 49,576 2005 1.290 1.311 49,576 2004 1.217 1.290 4,064 2003 1.000 1.217 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.484 1.479 -- LMPVET Capital and Income Subaccount (Class II) (3/03)............................................. 2007 1.325 1.360 21,441 2006 1.230 1.325 21,475 2005 1.211 1.230 127,542 2004 1.184 1.211 270,651 2003 1.000 1.184 294,612 LMPVET Capital Subaccount (3/03)................... 2007 1.508 1.496 -- 2006 1.362 1.508 20,339 2005 1.328 1.362 20,361 2004 1.278 1.328 20,384 2003 1.000 1.278 20,408 LMPVET Dividend Strategy Subaccount (3/03)......... 2007 1.360 1.411 -- 2006 1.184 1.360 -- 2005 1.217 1.184 -- 2004 1.209 1.217 -- 2003 1.000 1.209 -- LMPVET Equity Index Subaccount (Class II) (3/03)... 2007 1.538 1.572 -- 2006 1.371 1.538 -- 2005 1.349 1.371 -- 2004 1.256 1.349 -- 2003 1.000 1.256 -- LMPVET Fundamental Value Subaccount (Class I) (3/03)............................................. 2007 1.716 1.693 82,429 2006 1.508 1.716 81,924 2005 1.477 1.508 103,947 2004 1.401 1.477 -- 2003 1.000 1.401 -- LMPVET Global Equity Subaccount (3/03)............. 2007 1.629 1.665 -- 2006 1.452 1.629 -- 2005 1.398 1.452 -- 2004 1.302 1.398 -- 2003 1.000 1.302 --
201 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVET Investors Subaccount (Class I) (3/03)....... 2007 1.698 1.719 -- 2006 1.474 1.698 -- 2005 1.420 1.474 -- 2004 1.320 1.420 -- 2003 1.000 1.320 -- LMPVET Large Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.406 1.442 45,432 2006 1.379 1.406 45,432 2005 1.345 1.379 45,432 2004 1.376 1.345 -- 2003 1.000 1.376 -- LMPVET Mid Cap Core Subaccount (Class I) (3/03).... 2007 1.640 1.711 -- 2006 1.466 1.640 -- 2005 1.389 1.466 -- 2004 1.291 1.389 -- 2003 1.000 1.291 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (3/03)............................ 2007 1.448 1.462 -- 2006 1.323 1.448 -- 2005 1.312 1.323 -- 2004 1.261 1.312 -- 2003 1.000 1.261 -- LMPVET Small Cap Growth Subaccount (Class I) (3/03)............................................. 2007 1.918 2.056 -- 2006 1.746 1.918 -- 2005 1.708 1.746 -- 2004 1.523 1.708 -- 2003 1.000 1.523 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.993 0.981 7,564 2006 0.979 0.993 7,578 2005 0.982 0.979 7,592 2004 0.996 0.982 7,607 2003 1.000 0.996 -- LMPVIT Diversified Srategic Income Subaccount (3/03)............................................. 2007 1.143 1.135 -- 2006 1.113 1.143 -- 2005 1.113 1.113 -- 2004 1.071 1.113 -- 2003 1.000 1.071 --
202 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- LMPVIT High Income Subaccount (3/03)............... 2007 1.371 1.340 -- 2006 1.268 1.371 -- 2005 1.268 1.268 -- 2004 1.178 1.268 -- 2003 1.000 1.178 -- LMPVIT Money Market Subaccount (3/03).............. 2007 0.988 1.010 -- 2006 0.970 0.988 -- 2005 0.968 0.970 -- 2004 0.985 0.968 413,121 2003 1.000 0.985 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (3/03)................................... 2007 1.811 1.926 -- 2006 1.646 1.811 -- 2005 1.611 1.646 -- 2004 1.430 1.611 -- 2003 1.000 1.430 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (3/03)......... 2007 1.721 1.800 -- 2006 1.495 1.721 -- 2005 1.475 1.495 -- 2004 1.398 1.475 -- 2003 1.000 1.398 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.558 1.614 -- 2006 1.363 1.558 74,229 2005 1.355 1.363 74,229 2004 1.235 1.355 -- 2003 1.000 1.235 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.742 1.913 -- 2006 1.593 1.742 1,117 2005 1.510 1.593 1,119 2004 1.250 1.510 1,121 2003 1.000 1.250 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (1/70)............................................. 2007 1.658 1.733 -- 2006 1.576 1.658 28,836 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.718 1.720 28,836
203 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- MIST Dreman Small-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.183 1.141 -- 2006 1.117 1.183 -- MIST Harris Oakmark International Subaccount (Class A) (1/70) *........................................ 2007 1.988 1.921 36,577 2006 1.817 1.988 36,157 MIST Janus Forty Subaccount (Class A) (1/70)....... 2007 1.659 2.109 -- 2006 1.629 1.659 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.191 1.048 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (1/70)................................... 2007 1.069 1.080 108,117 2006 1.001 1.069 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (1/70)............................................. 2007 1.065 1.043 1,825 2006 0.970 1.065 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (1/70).......................................... 2007 1.435 1.564 -- 2006 1.462 1.435 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (1/70)............................................. 2007 1.208 1.311 -- 2006 1.225 1.208 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.266 2.364 -- MIST MFS(R) Value Subaccount (Class A) (1/70)...... 2007 1.365 1.432 -- 2006 1.244 1.365 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/07).......................................... 2007 1.212 1.006 -- 2006 1.003 1.212 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.099 1.156 4,280 MIST Pioneer Fund Subaccount (Class A) (1/70)...... 2007 1.525 1.560 -- 2006 1.428 1.525 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (1/70)............................................. 2007 1.095 1.205 -- 2006 1.047 1.095 -- MIST Pioneer Strategic Income Subaccount (Class A) (1/70)............................................. 2007 1.137 1.182 -- 2006 1.105 1.137 -- MIST Third Avenue Small Cap Value Subaccount (Class B) (1/70).......................................... 2007 1.022 0.965 7,915 2006 1.003 1.022 7,061
204 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (1/70).......................................... 2007 1.498 1.757 -- 2006 1.545 1.498 -- MSF BlackRock Bond Income Subaccount (Class E) (1/70)............................................. 2007 1.045 1.080 -- 2006 1.000 1.045 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.372 1.336 -- 2006 1.000 1.372 -- MSF FI Large Cap Subaccount (Class A) (1/70)....... 2007 1.385 1.403 -- 2006 1.376 1.385 -- MSF FI Value Leaders Subaccount (Class D) (1/70)... 2007 1.528 1.549 -- 2006 1.499 1.528 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (1/70).......................................... 2007 1.053 1.060 -- 2006 1.002 1.053 -- MSF MetLife Conservative Allocation Subaccount (Class B) (1/70)................................... 2007 1.036 1.065 -- 2006 1.001 1.036 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (1/70)........................ 2007 1.042 1.064 -- 2006 1.002 1.042 -- MSF MetLife Moderate Allocation Subaccount (Class B) (1/70).......................................... 2007 1.047 1.065 -- 2006 1.002 1.047 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (1/70)........................ 2007 1.052 1.065 -- 2006 1.002 1.052 -- MSF MFS(R) Total Return Subaccount (Class F) (1/70)............................................. 2007 1.384 1.405 11,292 2006 1.304 1.384 11,292 MSF Oppenheimer Global Equity Subaccount (Class B) (1/70) *........................................... 2007 1.044 1.081 -- 2006 0.996 1.044 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (1/70)................................... 2007 1.062 1.129 -- 2006 0.998 1.062 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.077 1.094 -- 2006 1.097 1.077 4,280 2005 1.103 1.097 4,280 2004 1.039 1.103 4,712 2003 1.000 1.039 --
205 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- PIMCO VIT Total Return Subaccount (Administrative Class) (3/03)...................................... 2007 1.048 1.111 4,340 2006 1.036 1.048 4,347 2005 1.038 1.036 4,355 2004 1.016 1.038 4,363 2003 1.000 1.016 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (3/03)......................................... 2007 2.111 2.278 -- 2006 1.697 2.111 -- 2005 1.552 1.697 -- 2004 1.371 1.552 -- 2003 1.000 1.371 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/03)............................................. 2007 2.252 2.397 -- 2006 1.971 2.252 -- 2005 1.890 1.971 -- 2004 1.536 1.890 -- 2003 1.000 1.536 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (3/03)............................................. 2006 1.378 1.462 -- 2005 1.300 1.378 -- 2004 1.253 1.300 -- 2003 1.000 1.253 -- Travelers Equity Income Subaccount (3/03).......... 2006 1.432 1.499 -- 2005 1.406 1.432 23,192 2004 1.314 1.406 -- 2003 1.000 1.314 -- Travelers Large Cap Subaccount (3/03).............. 2006 1.339 1.376 -- 2005 1.265 1.339 -- 2004 1.219 1.265 -- 2003 1.000 1.219 -- Travelers Managed Allocation Series: Aggressive Subaccount (9/05).................................. 2006 1.024 1.085 -- 2005 1.000 1.024 -- Travelers Managed Allocation Series: Conservative Subaccount (12/05)................................. 2006 1.005 1.006 -- 2005 1.003 1.005 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.034 1.067 -- 2005 0.994 1.034 --
206 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (6/05)....................... 2006 1.047 1.088 -- 2005 1.000 1.047 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.020 1.037 -- 2005 1.000 1.020 -- Travelers Managed Income Subaccount (3/03)......... 2006 1.026 1.013 -- 2005 1.039 1.026 -- 2004 1.037 1.039 -- 2003 1.000 1.037 -- Travelers Mercury Large Cap Core Subaccount (3/03)............................................. 2006 1.489 1.576 -- 2005 1.364 1.489 28,836 2004 1.208 1.364 -- 2003 1.000 1.208 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/03).. 2006 1.465 1.545 -- 2005 1.459 1.465 -- 2004 1.312 1.459 -- 2003 1.000 1.312 -- Travelers MFS(R) Total Return Subaccount (3/03).... 2006 1.267 1.304 -- 2005 1.263 1.267 11,292 2004 1.163 1.263 12,431 2003 1.000 1.163 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.155 1.244 -- 2005 1.113 1.155 -- 2004 1.000 1.113 -- Travelers Mondrian International Stock Subaccount (3/03)............................................. 2006 1.587 1.817 -- 2005 1.487 1.587 36,157 2004 1.318 1.487 -- 2003 1.000 1.318 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.350 1.428 -- 2005 1.307 1.350 -- 2004 1.207 1.307 -- 2003 1.000 1.207 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 0.998 1.047 -- 2005 1.000 0.998 --
207 VINTAGE ACCESS -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.098 1.105 -- 2005 1.087 1.098 -- 2004 1.000 1.087 -- Travelers Strategic Equity Subaccount (3/03)....... 2006 1.350 1.404 -- 2005 1.357 1.350 -- 2004 1.264 1.357 -- 2003 1.000 1.264 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.068 1.225 -- 2005 1.000 1.068 -- Travelers Style Focus Series: Small Cap Value Subaccount (7/05).................................. 2006 0.977 1.117 -- 2005 1.000 0.977 -- Travelers Van Kampen Enterprise Subaccount (3/03).. 2006 1.299 1.344 -- 2005 1.237 1.299 -- 2004 1.222 1.237 -- 2003 1.000 1.222 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (3/03).......................................... 2007 1.328 1.513 1,229 2006 1.325 1.328 1,231 2005 1.260 1.325 1,233 2004 1.208 1.260 1,236 2003 1.000 1.208 --
* We are currently waiving a portion of the Mortality and Expense Risk charge for this Subaccount. Please see "Fee Table -- Annual Separate Account Charges" for more information. The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 02/25/2005, The Travelers Series Trust-MFS Emerging Growth Portfolio merged into The Travelers Series Trust-MFS Mid Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Alliance Bernstein Variable Products Series Fund-AllianceBernstein Large Cap Growth Portfolio was replaced by Metropolitan Series Fund, Inc.-T. Rowe Price Large Cap Growth Portfolio and is no longer available as a funding option. 208 Effective on or about 05/01/2006, Capital Appreciation Fund merged into Met Investors Series Trust-Janus Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Delaware VIP Trust-Delaware VIP REIT Series was replaced by Met Investors Series Trust-Neuberger Berman Real Estate Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Global Allocation Portfolio was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, FAM Variable Series Fund, Inc.-Mercury Value Opportunities VI Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton Variable Insurance Products Trust-Mutual Shares Securities Fund was replaced by Met Investors Series Trust- Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Franklin Templeton Variable Insurance Products Trust-Templeton Growth Securities Fund was replaced by Metropolitan Series Fund, Inc.-Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-AIM Capital Appreciation Portfolio merged into Met Investors Series Trust-Met/AIM Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Equity Income Portfolio merged into Metropolitan Series Fund, Inc.-FI Value Leaders Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Large Cap Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Conservative Portfolio merged into Metropolitan Series Fund, Inc.- MetLife Conservative Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate-Aggressive Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Moderate to Aggressive Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Managed Allocation Series: Moderate-Conservative Portfolio merged into Metropolitan Series Fund, Inc.-MetLife Conservative to Moderate Allocation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Mercury Large Cap Core Portfolio merged into Met Investors Series Trust-Mercury Large-Cap Core Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Mid Cap Growth Portfolio merged into Metropolitan Series Fund, Inc.-BlackRock Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Total Return Portfolio merged into Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-MFS(R) Value Portfolio merged into Met Investors Series Trust-MFS(R) Value Portfolio and is no longer available as a funding option. 209 Effective on or about 05/01/2006, The Travelers Series Trust-Mondrian International Stock Portfolio merged into Met Investors Series Trust-Harris Oakmark International Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Fund Portfolio merged into Met Investors Series Trust-Pioneer Fund Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Pioneer Strategic Income Portfolio merged into Met Investors Series Trust-Pioneer Strategic Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Strategic Equity Portfolio merged into Metropolitan Series Fund, Inc.-FI Large Cap Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Growth Portfolio merged into Met Investors Series Trust-Met/AIM Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Style Focus Series: Small Cap Value Portfolio merged into Met Investors Series Trust-Dreman Small- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Travelers Managed Income Portfolio merged into Metropolitan Series Fund, Inc..-BlackRock Bond Income Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, The Travelers Series Trust-Van Kampen Enterprise Portfolio merged into Metropolitan Series Fund, Inc.-Capital Guardian U.S. Equity Portfolio and is no longer available as a funding option. Effective on or about 11/13/2006, Lazard Retirement Series, Inc.-Lazard Retirement Small Cap Portfolio was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Investment Series-Legg Mason Partners Variable Premier Selections All Cap Growth Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Aggressive Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios I, Inc.-Legg Mason Partners Variable All Cap Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Fundamental Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios V-Legg Mason Partners Variable Small Cap Growth Opportunities Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Legg Mason Partners Variable Portfolios III, Inc.-Legg Mason Partners Variable Large Cap Value Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Investors Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Growth and Income Portfolio was replaced by Met Investors Series Trust-Lord Abbett Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Lord Abbett Series Fund, Inc.-Lord Abbett Mid- Cap Value Portfolio was replaced by Met Investors Series Trust-Lord Abbett Mid- Cap Value Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class A was exchanged for Met Investors Series Trust-BlackRock Large-Cap Core Portfolio -- Class E and is no longer available as a funding option. Effective on or about 04/30/2007, Met Investors Series Trust-Pioneer Mid-Cap Value Portfolio merged into Met Investors Series Trust-Lazard Mid-Cap Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, PIMCO Variable Insurance Trust-Real Return Portfolio was replaced by Met Investors Series Trust-PIMCO Inflation Protected Bond Portfolio and is no longer available as a funding option. 210 Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT International Equity Fund was replaced by Met Investors Series Trust-MFS(R) Research International Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, Putnam Variable Trust-Putnam VT Small Cap Value Fund was replaced by Met Investors Series Trust-Third Avenue Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 11/12/2007, Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Multiple Discipline Portfolio -- Large Cap Growth and Value merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Appreciation Portfolio and is no longer available as a funding option. 211 CONDENSED FINANCIAL INFORMATION -- SCUDDER ADVOCATE ADVISOR - -------------------------------------------------------------------------------- The following tables provide the Accumulation Unit Values information for the MID-RANGE combinations of separate account charges. The Accumulation Unit Value information for the minimum separate account charge and the maximum variable account charge are contained in the Prospectus. SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.90%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.825 2.160 4,902 2006 1.483 1.825 7,122 2005 1.293 1.483 10,355 2004 1.067 1.293 5,022 2003 1.000 1.067 1,646 Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.154 1.159 -- 2005 1.087 1.154 9,970 2004 1.063 1.087 9,631 2003 1.000 1.063 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.552 2.029 -- 2006 1.330 1.552 -- 2005 1.187 1.330 -- 2004 1.121 1.187 -- 2003 1.000 1.121 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.641 2.764 -- 2006 2.031 2.641 1,468 2005 1.618 2.031 1,470 2004 1.320 1.618 2,030 2003 1.000 1.320 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.815 1.710 -- 2006 1.634 1.815 -- 2005 1.434 1.634 -- 2004 1.238 1.434 -- 2003 1.000 1.238 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.484 1.476 -- 2006 1.404 1.484 1,968 2005 1.314 1.404 8,278 2004 1.172 1.314 8,324 2003 1.000 1.172 --
212 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.269 1.338 -- 2006 1.187 1.269 -- 2005 1.170 1.187 -- 2004 1.126 1.170 -- 2003 1.000 1.126 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.137 1.170 6,927 2006 1.006 1.137 7,584 2005 1.000 1.006 7,442 DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.195 1.802 7,497 2006 1.631 2.195 15,216 2005 1.493 1.631 15,798 2004 1.164 1.493 19,939 2003 1.000 1.164 15,305 DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.019 1.038 -- 2006 0.996 1.019 -- 2005 1.000 0.996 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.330 1.464 9,628 2006 1.253 1.330 14,437 2005 1.177 1.253 10,624 2004 1.115 1.177 7,710 2003 1.000 1.115 7,690 DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.098 2.242 7,039 2006 1.755 2.098 3,753 2005 1.515 1.755 3,757 2004 1.254 1.515 5,191 2003 1.000 1.254 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.401 1.388 7,591 2006 1.260 1.401 16,628 2005 1.215 1.260 33,698 2004 1.128 1.215 33,735 2003 1.000 1.128 7,437
213 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.324 1.466 3,455 2006 1.276 1.324 8,566 2005 1.203 1.276 12,946 2004 1.123 1.203 14,076 2003 1.000 1.123 9,687 DWSI International Subaccount (Class B) (6/03)..... 2007 1.889 2.117 7,575 2006 1.535 1.889 9,603 2005 1.352 1.535 10,386 2004 1.185 1.352 -- 2003 1.000 1.185 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.207 1.262 -- 2005 1.236 1.207 -- 2004 1.130 1.236 -- 2003 1.000 1.130 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.428 1.573 -- 2005 1.286 1.428 3,247 2004 1.176 1.286 4,298 2003 1.000 1.176 4,286 DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.219 1.249 6,663 2006 1.131 1.219 6,794 2005 1.110 1.131 6,543 2004 1.063 1.110 6,260 2003 1.000 1.063 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.594 1.613 7,478 2006 1.411 1.594 13,671 2005 1.311 1.411 13,928 2004 1.156 1.311 19,718 2003 1.000 1.156 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.157 1.189 -- 2006 1.084 1.157 -- 2005 1.058 1.084 -- 2004 1.000 1.058 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.029 1.047 834 2006 1.009 1.029 20,452 2005 1.010 1.009 266,136 2004 0.989 1.010 21,939 2003 1.000 0.989 26,519
214 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.523 1.556 2,672 2006 1.357 1.523 11,651 2005 1.266 1.357 8,968 2004 1.158 1.266 9,085 2003 1.000 1.158 5,055 DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.587 1.522 8,354 2006 1.368 1.587 12,965 2005 1.297 1.368 206,738 2004 1.163 1.297 24,028 2003 1.000 1.163 13,305 DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.652 2.019 13,824 2005 1.533 1.652 14,362 2004 1.245 1.533 15,940 2003 1.000 1.245 6,254 DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.131 1.355 -- 2005 1.053 1.131 234,832 DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 2.025 2.103 -- 2006 1.592 2.025 -- 2005 1.324 1.592 6,281 2004 1.180 1.324 6,281 2003 1.000 1.180 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.031 1.068 7,974 2006 1.013 1.031 24,389 2005 1.010 1.013 27,051 2004 0.996 1.010 16,279 2003 1.000 0.996 26,316 DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.259 1.305 -- 2006 1.139 1.259 -- 2005 1.095 1.139 -- 2004 1.000 1.095 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.317 1.299 1,286 2006 1.219 1.317 10,921 2005 1.201 1.219 231,027 2004 1.092 1.201 35,065 2003 1.000 1.092 26,531
215 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.058 1.076 -- 2005 1.042 1.058 -- 2004 1.000 1.042 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.242 1.242 -- 2005 1.222 1.242 -- 2004 1.132 1.222 5,837 2003 1.000 1.132 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.920 2.189 -- 2006 1.565 1.920 -- 2005 1.399 1.565 -- 2004 1.210 1.399 -- 2003 1.000 1.210 -- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.418 1.477 -- 2006 1.338 1.418 -- 2005 1.221 1.338 -- 2004 1.120 1.221 -- 2003 1.000 1.120 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.285 1.268 -- 2005 1.223 1.285 -- 2004 1.110 1.223 -- 2003 1.000 1.110 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.149 1.271 -- 2005 1.037 1.149 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.407 1.556 8,391 2006 1.247 1.407 13,288 2005 1.251 1.247 13,078 2004 1.163 1.251 12,620 2003 1.000 1.163 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.261 1.296 -- 2005 1.293 1.261 -- 2004 1.122 1.293 -- 2003 1.000 1.122 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.445 1.530 -- 2006 1.333 1.445 -- 2005 1.184 1.333 -- 2004 1.165 1.184 -- 2003 1.000 1.165 --
216 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.208 1.245 -- 2006 1.110 1.208 -- 2005 1.076 1.110 -- 2004 1.000 1.076 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.004 1.031 -- 2006 0.982 1.004 5,142 2005 0.977 0.982 5,142 2004 0.990 0.977 5,142 2003 1.000 0.990 5,142 DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.107 1.129 -- 2005 1.182 1.107 -- 2004 1.194 1.182 -- 2003 1.000 1.194 -- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.323 1.374 -- 2006 1.287 1.323 -- 2005 1.229 1.287 -- 2004 1.133 1.229 -- 2003 1.000 1.133 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.117 1.151 1,704 2006 1.047 1.117 7,075 2005 1.047 1.047 22,364 2004 0.985 1.047 33,817 2003 1.000 0.985 25,338 DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.209 1.350 634 2006 1.227 1.209 635 2005 1.211 1.227 4,577 2004 1.216 1.211 4,782 2003 1.000 1.216 838 DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.498 1.839 4,930 2006 1.438 1.498 5,387 2005 1.317 1.438 5,543 2004 1.213 1.317 5,646 2003 1.000 1.213 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.747 3.454 1,467 Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.069 1.092 11,241 2006 1.000 1.069 11,809
217 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.95%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.833 2.168 -- 2006 1.489 1.833 -- 2005 1.300 1.489 -- 2004 1.073 1.300 -- 2003 1.000 1.073 -- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.122 1.127 -- 2005 1.058 1.122 -- 2004 1.035 1.058 -- 2003 1.000 1.035 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.410 1.841 -- 2006 1.208 1.410 -- 2005 1.079 1.208 -- 2004 1.020 1.079 -- 2003 1.000 1.020 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.085 2.182 -- 2006 1.604 2.085 -- 2005 1.278 1.604 -- 2004 1.043 1.278 -- 2003 1.000 1.043 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.511 1.423 -- 2006 1.361 1.511 -- 2005 1.194 1.361 -- 2004 1.032 1.194 -- 2003 1.000 1.032 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.301 1.293 -- 2006 1.232 1.301 -- 2005 1.153 1.232 -- 2004 1.029 1.153 -- 2003 1.000 1.029 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.175 1.239 -- 2006 1.100 1.175 -- 2005 1.085 1.100 -- 2004 1.044 1.085 -- 2003 1.000 1.044 --
218 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.137 1.169 -- 2006 1.006 1.137 -- 2005 1.000 1.006 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 1.966 1.613 -- 2006 1.462 1.966 -- 2005 1.339 1.462 -- 2004 1.045 1.339 -- 2003 1.000 1.045 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.018 1.036 -- 2006 0.995 1.018 -- 2005 1.000 0.995 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.242 1.367 -- 2006 1.171 1.242 -- 2005 1.100 1.171 -- 2004 1.043 1.100 -- 2003 1.000 1.043 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 1.789 1.911 -- 2006 1.497 1.789 -- 2005 1.293 1.497 -- 2004 1.070 1.293 -- 2003 1.000 1.070 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.310 1.297 -- 2006 1.179 1.310 -- 2005 1.137 1.179 -- 2004 1.056 1.137 -- 2003 1.000 1.056 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.283 1.420 -- 2006 1.237 1.283 -- 2005 1.167 1.237 -- 2004 1.090 1.167 -- 2003 1.000 1.090 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.730 1.938 -- 2006 1.406 1.730 -- 2005 1.239 1.406 -- 2004 1.087 1.239 -- 2003 1.000 1.087 --
219 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.105 1.155 -- 2005 1.132 1.105 -- 2004 1.035 1.132 -- 2003 1.000 1.035 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.248 1.374 -- 2005 1.124 1.248 -- 2004 1.029 1.124 -- 2003 1.000 1.029 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.182 1.210 -- 2006 1.097 1.182 -- 2005 1.077 1.097 -- 2004 1.032 1.077 -- 2003 1.000 1.032 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.459 1.475 -- 2006 1.291 1.459 -- 2005 1.200 1.291 -- 2004 1.059 1.200 -- 2003 1.000 1.059 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.156 1.187 -- 2006 1.083 1.156 -- 2005 1.058 1.083 -- 2004 1.000 1.058 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.056 1.075 -- 2006 1.037 1.056 -- 2005 1.038 1.037 -- 2004 1.017 1.038 -- 2003 1.000 1.017 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.397 1.427 -- 2006 1.246 1.397 -- 2005 1.163 1.246 -- 2004 1.065 1.163 -- 2003 1.000 1.065 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.456 1.396 -- 2006 1.255 1.456 -- 2005 1.191 1.255 -- 2004 1.068 1.191 -- 2003 1.000 1.068 --
220 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.405 1.717 -- 2005 1.305 1.405 -- 2004 1.060 1.305 -- 2003 1.000 1.060 -- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.130 1.354 -- 2005 1.079 1.130 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.847 1.917 -- 2006 1.453 1.847 -- 2005 1.209 1.453 -- 2004 1.078 1.209 -- 2003 1.000 1.078 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.044 1.080 -- 2006 1.026 1.044 -- 2005 1.023 1.026 -- 2004 1.009 1.023 -- 2003 1.000 1.009 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.258 1.302 -- 2006 1.139 1.258 -- 2005 1.095 1.139 -- 2004 1.000 1.095 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.247 1.229 -- 2006 1.154 1.247 -- 2005 1.138 1.154 -- 2004 1.035 1.138 -- 2003 1.000 1.035 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.057 1.075 -- 2005 1.041 1.057 -- 2004 1.000 1.041 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.161 1.161 -- 2005 1.143 1.161 -- 2004 1.060 1.143 -- 2003 1.000 1.060 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.725 1.965 -- 2006 1.406 1.725 -- 2005 1.258 1.406 -- 2004 1.088 1.258 -- 2003 1.000 1.088 --
221 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.336 1.392 -- 2006 1.262 1.336 -- 2005 1.152 1.262 -- 2004 1.057 1.152 -- 2003 1.000 1.057 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.207 1.191 -- 2005 1.149 1.207 -- 2004 1.044 1.149 -- 2003 1.000 1.044 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.148 1.270 -- 2005 1.063 1.148 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.290 1.426 -- 2006 1.144 1.290 -- 2005 1.148 1.144 -- 2004 1.068 1.148 -- 2003 1.000 1.068 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.200 1.234 -- 2005 1.231 1.200 -- 2004 1.070 1.231 -- 2003 1.000 1.070 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.262 1.336 -- 2006 1.164 1.262 -- 2005 1.035 1.164 -- 2004 1.019 1.035 -- 2003 1.000 1.019 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.206 1.243 -- 2006 1.109 1.206 -- 2005 1.076 1.109 -- 2004 1.000 1.076 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.010 1.036 -- 2006 0.988 1.010 -- 2005 0.983 0.988 -- 2004 0.998 0.983 -- 2003 1.000 0.998 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 0.948 0.966 -- 2005 1.012 0.948 -- 2004 1.023 1.012 -- 2003 1.000 1.023 --
222 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 1.95% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.176 1.220 -- 2006 1.144 1.176 -- 2005 1.093 1.144 -- 2004 1.008 1.093 -- 2003 1.000 1.008 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.169 1.204 -- 2006 1.096 1.169 -- 2005 1.096 1.096 -- 2004 1.032 1.096 -- 2003 1.000 1.032 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.013 1.131 -- 2006 1.029 1.013 -- 2005 1.016 1.029 -- 2004 1.020 1.016 -- 2003 1.000 1.020 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.252 1.537 -- 2006 1.202 1.252 -- 2005 1.102 1.202 -- 2004 1.016 1.102 -- 2003 1.000 1.016 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.168 2.725 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.069 1.091 -- 2006 1.000 1.069 --
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.10%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.812 2.141 15,722 2006 1.475 1.812 62,522 2005 1.289 1.475 71,733 2004 1.065 1.289 80,508 2003 1.000 1.065 23,169
223 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.148 1.153 -- 2005 1.084 1.148 46,455 2004 1.061 1.084 89,018 2003 1.000 1.061 55,666 Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.541 2.010 23,830 2006 1.323 1.541 25,893 2005 1.184 1.323 26,448 2004 1.120 1.184 27,179 2003 1.000 1.120 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.622 2.743 -- 2006 2.021 2.622 15,671 2005 1.613 2.021 32,241 2004 1.318 1.613 30,799 2003 1.000 1.318 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.802 1.695 248 2006 1.626 1.802 237 2005 1.429 1.626 21,765 2004 1.237 1.429 23,616 2003 1.000 1.237 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.473 1.462 14,045 2006 1.397 1.473 59,016 2005 1.310 1.397 92,361 2004 1.171 1.310 54,532 2003 1.000 1.171 6,041 Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.260 1.326 260,098 2006 1.181 1.260 260,098 2005 1.167 1.181 240,288 2004 1.125 1.167 91,272 2003 1.000 1.125 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.134 1.165 73,447 2006 1.006 1.134 75,341 2005 1.000 1.006 62,174
224 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.179 1.785 71,266 2006 1.623 2.179 113,247 2005 1.489 1.623 130,088 2004 1.163 1.489 116,465 2003 1.000 1.163 42,304 DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.016 1.032 -- 2006 0.995 1.016 -- 2005 1.000 0.995 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.321 1.451 104,733 2006 1.247 1.321 149,687 2005 1.173 1.247 95,681 2004 1.114 1.173 35,094 2003 1.000 1.114 16,814 DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.083 2.222 15,613 2006 1.746 2.083 20,716 2005 1.510 1.746 20,146 2004 1.252 1.510 4,980 2003 1.000 1.252 1,636 DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.391 1.376 36,874 2006 1.254 1.391 36,622 2005 1.211 1.254 36,583 2004 1.127 1.211 83,795 2003 1.000 1.127 76,571 DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.315 1.453 8,128 2006 1.269 1.315 59,573 2005 1.199 1.269 73,837 2004 1.122 1.199 85,867 2003 1.000 1.122 17,824 DWSI International Subaccount (Class B) (6/03)..... 2007 1.876 2.098 31,802 2006 1.527 1.876 34,269 2005 1.347 1.527 34,309 2004 1.184 1.347 53,946 2003 1.000 1.184 26,340 DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.201 1.254 -- 2005 1.232 1.201 69,416 2004 1.129 1.232 74,007 2003 1.000 1.129 12,243
225 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.421 1.562 -- 2005 1.281 1.421 17,010 2004 1.174 1.281 25,700 2003 1.000 1.174 7,066 DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.211 1.238 8,485 2006 1.126 1.211 8,392 2005 1.106 1.126 8,355 2004 1.062 1.106 20,780 2003 1.000 1.062 25,525 DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.583 1.599 56,284 2006 1.403 1.583 55,646 2005 1.307 1.403 69,793 2004 1.155 1.307 51,187 2003 1.000 1.155 9,539 DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.152 1.181 206,175 2006 1.081 1.152 339,286 2005 1.058 1.081 112,831 2004 1.000 1.058 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.022 1.038 244,483 2006 1.004 1.022 243,523 2005 1.007 1.004 261,185 2004 0.987 1.007 162,963 2003 1.000 0.987 76,583 DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.512 1.542 61,122 2006 1.350 1.512 85,046 2005 1.262 1.350 83,509 2004 1.157 1.262 83,454 2003 1.000 1.157 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.575 1.509 147,413 2006 1.361 1.575 208,591 2005 1.293 1.361 188,060 2004 1.162 1.293 181,164 2003 1.000 1.162 93,860 DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.643 2.005 49,584 2005 1.529 1.643 109,098 2004 1.244 1.529 89,555 2003 1.000 1.244 17,383
226 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.128 1.350 -- 2005 1.053 1.128 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 2.011 2.084 9,018 2006 1.584 2.011 9,223 2005 1.320 1.584 9,451 2004 1.179 1.320 18,141 2003 1.000 1.179 17,388 DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.024 1.058 48,789 2006 1.008 1.024 50,538 2005 1.007 1.008 51,818 2004 0.995 1.007 46,794 2003 1.000 0.995 41,725 DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.254 1.296 122,087 2006 1.136 1.254 118,236 2005 1.094 1.136 139,912 2004 1.000 1.094 26,227 DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.307 1.287 68,255 2006 1.212 1.307 71,010 2005 1.197 1.212 76,445 2004 1.091 1.197 95,056 2003 1.000 1.091 79,425 DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.055 1.071 -- 2005 1.041 1.055 264,657 2004 1.000 1.041 144,681 DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.236 1.236 -- 2005 1.218 1.236 -- 2004 1.131 1.218 66,700 2003 1.000 1.131 28,867 DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.907 2.169 59,263 2006 1.557 1.907 68,381 2005 1.395 1.557 138,265 2004 1.209 1.395 83,770 2003 1.000 1.209 39,252
227 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.408 1.464 69,174 2006 1.331 1.408 70,137 2005 1.217 1.331 96,732 2004 1.119 1.217 90,781 2003 1.000 1.119 17,444 DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.279 1.260 -- 2005 1.219 1.279 14,580 2004 1.109 1.219 13,894 2003 1.000 1.109 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.146 1.266 -- 2005 1.036 1.146 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.397 1.542 41,727 2006 1.241 1.397 42,058 2005 1.247 1.241 66,740 2004 1.162 1.247 76,632 2003 1.000 1.162 22,782 DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.255 1.288 -- 2005 1.289 1.255 68,753 2004 1.121 1.289 58,522 2003 1.000 1.121 7,275 DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.435 1.517 -- 2006 1.326 1.435 -- 2005 1.181 1.326 -- 2004 1.164 1.181 -- 2003 1.000 1.164 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.202 1.237 268,763 2006 1.107 1.202 272,284 2005 1.076 1.107 325,169 2004 1.000 1.076 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.997 1.022 16,014 2006 0.977 0.997 16,435 2005 0.974 0.977 16,019 2004 0.989 0.974 16,065 2003 1.000 0.989 15,771 DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.102 1.121 -- 2005 1.178 1.102 57,070 2004 1.193 1.178 56,937 2003 1.000 1.193 2,567
228 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.10% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.314 1.361 17,866 2006 1.280 1.314 65,775 2005 1.225 1.280 82,170 2004 1.132 1.225 98,567 2003 1.000 1.132 26,844 DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.109 1.141 102,188 2006 1.041 1.109 101,382 2005 1.043 1.041 103,146 2004 0.984 1.043 93,649 2003 1.000 0.984 67,727 DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.200 1.338 -- 2006 1.221 1.200 51,481 2005 1.207 1.221 51,485 2004 1.215 1.207 51,489 2003 1.000 1.215 3,504 DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.488 1.822 14,804 2006 1.430 1.488 14,804 2005 1.313 1.430 14,804 2004 1.212 1.313 14,804 2003 1.000 1.212 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.725 3.423 13,516 Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.068 1.088 28,419 2006 1.000 1.068 44,235
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.15%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.821 2.150 -- 2006 1.483 1.821 -- 2005 1.297 1.483 -- 2004 1.072 1.297 -- 2003 1.000 1.072 --
229 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.117 1.122 -- 2005 1.055 1.117 -- 2004 1.034 1.055 -- 2003 1.000 1.034 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.401 1.826 -- 2006 1.203 1.401 -- 2005 1.077 1.203 -- 2004 1.020 1.077 -- 2003 1.000 1.020 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.072 2.167 -- 2006 1.597 2.072 -- 2005 1.276 1.597 -- 2004 1.043 1.276 -- 2003 1.000 1.043 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.501 1.411 -- 2006 1.355 1.501 -- 2005 1.192 1.355 -- 2004 1.032 1.192 -- 2003 1.000 1.032 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.293 1.283 -- 2006 1.227 1.293 -- 2005 1.151 1.227 -- 2004 1.029 1.151 -- 2003 1.000 1.029 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.168 1.229 -- 2006 1.095 1.168 -- 2005 1.083 1.095 -- 2004 1.044 1.083 -- 2003 1.000 1.044 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.134 1.163 -- 2006 1.005 1.134 -- 2005 1.000 1.005 --
230 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 1.954 1.600 -- 2006 1.456 1.954 -- 2005 1.336 1.456 -- 2004 1.044 1.336 -- 2003 1.000 1.044 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.015 1.031 -- 2006 0.994 1.015 -- 2005 1.000 0.994 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.235 1.355 -- 2006 1.166 1.235 -- 2005 1.098 1.166 -- 2004 1.043 1.098 -- 2003 1.000 1.043 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 1.778 1.895 -- 2006 1.490 1.778 -- 2005 1.290 1.490 -- 2004 1.070 1.290 -- 2003 1.000 1.070 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.301 1.286 -- 2006 1.174 1.301 -- 2005 1.134 1.174 -- 2004 1.056 1.134 -- 2003 1.000 1.056 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.275 1.409 -- 2006 1.232 1.275 -- 2005 1.165 1.232 -- 2004 1.090 1.165 -- 2003 1.000 1.090 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.719 1.922 -- 2006 1.400 1.719 -- 2005 1.236 1.400 -- 2004 1.087 1.236 -- 2003 1.000 1.087 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.100 1.148 -- 2005 1.129 1.100 -- 2004 1.035 1.129 -- 2003 1.000 1.035 --
231 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.243 1.366 -- 2005 1.122 1.243 -- 2004 1.028 1.122 -- 2003 1.000 1.028 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.174 1.200 -- 2006 1.093 1.174 -- 2005 1.074 1.093 -- 2004 1.032 1.074 -- 2003 1.000 1.032 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.450 1.463 -- 2006 1.286 1.450 -- 2005 1.198 1.286 -- 2004 1.059 1.198 -- 2003 1.000 1.059 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.151 1.179 -- 2006 1.080 1.151 -- 2005 1.057 1.080 -- 2004 1.000 1.057 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.050 1.066 -- 2006 1.032 1.050 -- 2005 1.035 1.032 -- 2004 1.016 1.035 -- 2003 1.000 1.016 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.389 1.415 -- 2006 1.241 1.389 -- 2005 1.161 1.241 -- 2004 1.064 1.161 -- 2003 1.000 1.064 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.446 1.385 -- 2006 1.250 1.446 -- 2005 1.188 1.250 -- 2004 1.068 1.188 -- 2003 1.000 1.068 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.399 1.706 -- 2005 1.302 1.399 -- 2004 1.060 1.302 -- 2003 1.000 1.060 --
232 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.128 1.348 -- 2005 1.078 1.128 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.836 1.901 -- 2006 1.447 1.836 -- 2005 1.206 1.447 -- 2004 1.078 1.206 -- 2003 1.000 1.078 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.037 1.071 -- 2006 1.022 1.037 -- 2005 1.021 1.022 -- 2004 1.009 1.021 -- 2003 1.000 1.009 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.252 1.294 -- 2006 1.135 1.252 -- 2005 1.094 1.135 -- 2004 1.000 1.094 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.239 1.219 -- 2006 1.149 1.239 -- 2005 1.136 1.149 -- 2004 1.035 1.136 -- 2003 1.000 1.035 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.054 1.070 -- 2005 1.041 1.054 -- 2004 1.000 1.041 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.157 1.157 -- 2005 1.140 1.157 -- 2004 1.059 1.140 -- 2003 1.000 1.059 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.714 1.949 -- 2006 1.400 1.714 -- 2005 1.255 1.400 -- 2004 1.088 1.255 -- 2003 1.000 1.088 --
233 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.328 1.380 -- 2006 1.256 1.328 -- 2005 1.149 1.256 -- 2004 1.057 1.149 -- 2003 1.000 1.057 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.202 1.184 -- 2005 1.147 1.202 -- 2004 1.044 1.147 -- 2003 1.000 1.044 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.145 1.264 -- 2005 1.063 1.145 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.282 1.414 -- 2006 1.139 1.282 -- 2005 1.146 1.139 -- 2004 1.067 1.146 -- 2003 1.000 1.067 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.195 1.227 -- 2005 1.229 1.195 -- 2004 1.069 1.229 -- 2003 1.000 1.069 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.254 1.325 -- 2006 1.159 1.254 -- 2005 1.033 1.159 -- 2004 1.019 1.033 -- 2003 1.000 1.019 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.201 1.235 -- 2006 1.106 1.201 -- 2005 1.075 1.106 -- 2004 1.000 1.075 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.004 1.028 -- 2006 0.984 1.004 -- 2005 0.981 0.984 -- 2004 0.997 0.981 -- 2003 1.000 0.997 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 0.944 0.960 -- 2005 1.009 0.944 -- 2004 1.022 1.009 -- 2003 1.000 1.022 --
234 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.15% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.168 1.210 -- 2006 1.139 1.168 -- 2005 1.090 1.139 -- 2004 1.008 1.090 -- 2003 1.000 1.008 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.161 1.194 -- 2006 1.091 1.161 -- 2005 1.094 1.091 -- 2004 1.032 1.094 -- 2003 1.000 1.032 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.007 1.122 -- 2006 1.024 1.007 -- 2005 1.013 1.024 -- 2004 1.020 1.013 -- 2003 1.000 1.020 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.245 1.524 -- 2006 1.197 1.245 -- 2005 1.099 1.197 -- 2004 1.015 1.099 -- 2003 1.000 1.015 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.153 2.703 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.067 1.088 -- 2006 1.000 1.067 --
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.20%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.806 2.131 -- 2006 1.471 1.806 -- 2005 1.287 1.471 -- 2004 1.065 1.287 -- 2003 1.000 1.065 --
235 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.145 1.149 -- 2005 1.082 1.145 -- 2004 1.061 1.082 -- 2003 1.000 1.061 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.536 2.001 -- 2006 1.320 1.536 -- 2005 1.182 1.320 -- 2004 1.119 1.182 -- 2003 1.000 1.119 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.613 2.732 -- 2006 2.016 2.613 -- 2005 1.610 2.016 -- 2004 1.318 1.610 -- 2003 1.000 1.318 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.796 1.687 -- 2006 1.622 1.796 -- 2005 1.427 1.622 -- 2004 1.236 1.427 -- 2003 1.000 1.236 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.468 1.456 -- 2006 1.393 1.468 -- 2005 1.308 1.393 -- 2004 1.170 1.308 -- 2003 1.000 1.170 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.255 1.320 -- 2006 1.178 1.255 -- 2005 1.165 1.178 -- 2004 1.124 1.165 -- 2003 1.000 1.124 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.133 1.162 -- 2006 1.005 1.133 -- 2005 1.000 1.005 --
236 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.172 1.777 2,343 2006 1.619 2.172 2,556 2005 1.486 1.619 2,731 2004 1.162 1.486 3,201 2003 1.000 1.162 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.015 1.030 -- 2006 0.994 1.015 -- 2005 1.000 0.994 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.316 1.444 21,238 2006 1.244 1.316 20,799 2005 1.172 1.244 -- 2004 1.114 1.172 -- 2003 1.000 1.114 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.076 2.212 -- 2006 1.741 2.076 -- 2005 1.507 1.741 -- 2004 1.251 1.507 -- 2003 1.000 1.251 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.386 1.369 -- 2006 1.251 1.386 -- 2005 1.209 1.251 -- 2004 1.126 1.209 -- 2003 1.000 1.126 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.310 1.446 -- 2006 1.266 1.310 -- 2005 1.198 1.266 -- 2004 1.121 1.198 -- 2003 1.000 1.121 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.869 2.089 -- 2006 1.523 1.869 -- 2005 1.345 1.523 -- 2004 1.183 1.345 -- 2003 1.000 1.183 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.198 1.250 -- 2005 1.230 1.198 -- 2004 1.128 1.230 -- 2003 1.000 1.128 --
237 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.417 1.556 -- 2005 1.279 1.417 -- 2004 1.174 1.279 -- 2003 1.000 1.174 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.206 1.232 -- 2006 1.123 1.206 -- 2005 1.105 1.123 -- 2004 1.062 1.105 -- 2003 1.000 1.062 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.577 1.591 -- 2006 1.400 1.577 -- 2005 1.305 1.400 -- 2004 1.154 1.305 -- 2003 1.000 1.154 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.149 1.177 -- 2006 1.080 1.149 -- 2005 1.057 1.080 -- 2004 1.000 1.057 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.018 1.033 35,603 2006 1.001 1.018 34,312 2005 1.005 1.001 30,066 2004 0.987 1.005 30,247 2003 1.000 0.987 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.506 1.535 -- 2006 1.347 1.506 -- 2005 1.260 1.347 -- 2004 1.156 1.260 -- 2003 1.000 1.156 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.570 1.502 20,868 2006 1.357 1.570 21,386 2005 1.290 1.357 21,692 2004 1.161 1.290 22,426 2003 1.000 1.161 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.639 1.998 3,003 2005 1.526 1.639 3,400 2004 1.243 1.526 3,601 2003 1.000 1.243 --
238 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.127 1.347 -- 2005 1.078 1.127 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 2.004 2.074 -- 2006 1.580 2.004 -- 2005 1.318 1.580 -- 2004 1.179 1.318 -- 2003 1.000 1.179 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.020 1.053 -- 2006 1.005 1.020 -- 2005 1.005 1.005 -- 2004 0.994 1.005 -- 2003 1.000 0.994 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.251 1.291 -- 2006 1.135 1.251 -- 2005 1.094 1.135 -- 2004 1.000 1.094 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.303 1.281 3,287 2006 1.209 1.303 3,290 2005 1.195 1.209 3,293 2004 1.090 1.195 3,296 2003 1.000 1.090 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.054 1.069 -- 2005 1.040 1.054 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.234 1.234 -- 2005 1.216 1.234 -- 2004 1.130 1.216 -- 2003 1.000 1.130 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.900 2.160 10,406 2006 1.553 1.900 10,701 2005 1.393 1.553 12,180 2004 1.208 1.393 12,761 2003 1.000 1.208 --
239 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.403 1.457 -- 2006 1.328 1.403 -- 2005 1.215 1.328 -- 2004 1.118 1.215 -- 2003 1.000 1.118 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.275 1.255 -- 2005 1.217 1.275 -- 2004 1.109 1.217 -- 2003 1.000 1.109 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.145 1.263 -- 2005 1.062 1.145 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.392 1.535 -- 2006 1.237 1.392 -- 2005 1.245 1.237 -- 2004 1.161 1.245 -- 2003 1.000 1.161 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.251 1.284 -- 2005 1.287 1.251 -- 2004 1.120 1.287 -- 2003 1.000 1.120 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.430 1.510 -- 2006 1.322 1.430 -- 2005 1.179 1.322 -- 2004 1.163 1.179 -- 2003 1.000 1.163 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.199 1.233 227,865 2006 1.105 1.199 227,865 2005 1.075 1.105 227,865 2004 1.000 1.075 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.994 1.017 -- 2006 0.974 0.994 -- 2005 0.972 0.974 -- 2004 0.989 0.972 -- 2003 1.000 0.989 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.099 1.117 -- 2005 1.176 1.099 24,641 2004 1.192 1.176 21,802 2003 1.000 1.192 --
240 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.309 1.355 -- 2006 1.277 1.309 -- 2005 1.223 1.277 -- 2004 1.131 1.223 -- 2003 1.000 1.131 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.105 1.136 -- 2006 1.039 1.105 -- 2005 1.042 1.039 -- 2004 0.984 1.042 -- 2003 1.000 0.984 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.196 1.332 -- 2006 1.217 1.196 -- 2005 1.205 1.217 -- 2004 1.214 1.205 -- 2003 1.000 1.214 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.482 1.814 -- 2006 1.427 1.482 -- 2005 1.311 1.427 -- 2004 1.211 1.311 -- 2003 1.000 1.211 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.715 3.407 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.067 1.087 -- 2006 1.000 1.067 --
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.30%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.799 2.121 2,498 2006 1.468 1.799 4,358 2005 1.285 1.468 6,012 2004 1.064 1.285 7,623 2003 1.000 1.064 9,823
241 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.142 1.146 -- 2005 1.080 1.142 12,721 2004 1.060 1.080 13,875 2003 1.000 1.060 9,662 Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.530 1.992 27,985 2006 1.316 1.530 63,773 2005 1.180 1.316 64,802 2004 1.119 1.180 67,545 2003 1.000 1.119 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.604 2.721 -- 2006 2.010 2.604 1,772 2005 1.608 2.010 1,898 2004 1.317 1.608 2,234 2003 1.000 1.317 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.789 1.679 -- 2006 1.617 1.789 -- 2005 1.425 1.617 -- 2004 1.236 1.425 -- 2003 1.000 1.236 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.463 1.449 -- 2006 1.390 1.463 -- 2005 1.306 1.390 -- 2004 1.169 1.306 -- 2003 1.000 1.169 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.251 1.314 -- 2006 1.175 1.251 -- 2005 1.163 1.175 -- 2004 1.123 1.163 -- 2003 1.000 1.123 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.131 1.159 -- 2006 1.005 1.131 3,770 2005 1.000 1.005 3,727
242 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.164 1.769 14,098 2006 1.615 2.164 17,856 2005 1.484 1.615 19,465 2004 1.162 1.484 20,060 2003 1.000 1.162 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.013 1.027 -- 2006 0.994 1.013 -- 2005 1.000 0.994 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.312 1.438 -- 2006 1.241 1.312 3,157 2005 1.170 1.241 3,066 2004 1.113 1.170 -- 2003 1.000 1.113 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.069 2.202 -- 2006 1.737 2.069 -- 2005 1.505 1.737 -- 2004 1.251 1.505 -- 2003 1.000 1.251 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.381 1.363 3,904 2006 1.248 1.381 8,836 2005 1.207 1.248 10,003 2004 1.125 1.207 10,998 2003 1.000 1.125 9,265 DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.305 1.440 -- 2006 1.263 1.305 -- 2005 1.196 1.263 -- 2004 1.121 1.196 -- 2003 1.000 1.121 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.862 2.079 -- 2006 1.519 1.862 -- 2005 1.343 1.519 -- 2004 1.182 1.343 -- 2003 1.000 1.182 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.195 1.246 -- 2005 1.228 1.195 -- 2004 1.127 1.228 -- 2003 1.000 1.127 --
243 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.414 1.551 -- 2005 1.278 1.414 -- 2004 1.173 1.278 -- 2003 1.000 1.173 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.202 1.227 -- 2006 1.120 1.202 -- 2005 1.103 1.120 -- 2004 1.061 1.103 -- 2003 1.000 1.061 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.572 1.584 -- 2006 1.396 1.572 2,708 2005 1.302 1.396 2,781 2004 1.153 1.302 2,813 2003 1.000 1.153 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.146 1.173 20,800 2006 1.078 1.146 21,225 2005 1.057 1.078 21,252 2004 1.000 1.057 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.014 1.028 27,636 2006 0.999 1.014 57,836 2005 1.003 0.999 55,310 2004 0.986 1.003 51,292 2003 1.000 0.986 10,155 DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.501 1.528 30,891 2006 1.343 1.501 61,912 2005 1.258 1.343 61,436 2004 1.156 1.258 60,793 2003 1.000 1.156 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.564 1.495 -- 2006 1.354 1.564 4,182 2005 1.288 1.354 4,172 2004 1.160 1.288 4,351 2003 1.000 1.160 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.635 1.991 12,436 2005 1.524 1.635 12,737 2004 1.242 1.524 13,315 2003 1.000 1.242 --
244 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.126 1.344 -- 2005 1.053 1.126 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.997 2.065 16,091 2006 1.576 1.997 16,091 2005 1.316 1.576 16,091 2004 1.178 1.316 16,091 2003 1.000 1.178 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.017 1.048 5,105 2006 1.003 1.017 7,686 2005 1.004 1.003 8,871 2004 0.994 1.004 9,494 2003 1.000 0.994 10,065 DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.248 1.287 -- 2006 1.133 1.248 -- 2005 1.094 1.133 -- 2004 1.000 1.094 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.298 1.275 17,942 2006 1.206 1.298 35,008 2005 1.193 1.206 34,247 2004 1.090 1.193 32,822 2003 1.000 1.090 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.052 1.067 -- 2005 1.040 1.052 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.231 1.231 -- 2005 1.214 1.231 -- 2004 1.130 1.214 2,961 2003 1.000 1.130 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.893 2.150 9,119 2006 1.549 1.893 20,344 2005 1.390 1.549 21,148 2004 1.207 1.390 22,333 2003 1.000 1.207 --
245 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.398 1.451 -- 2006 1.324 1.398 -- 2005 1.213 1.324 -- 2004 1.117 1.213 -- 2003 1.000 1.117 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.272 1.251 -- 2005 1.215 1.272 -- 2004 1.108 1.215 -- 2003 1.000 1.108 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.143 1.261 -- 2005 1.036 1.143 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.387 1.528 -- 2006 1.234 1.387 3,036 2005 1.243 1.234 2,985 2004 1.160 1.243 2,895 2003 1.000 1.160 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.248 1.279 -- 2005 1.285 1.248 -- 2004 1.120 1.285 -- 2003 1.000 1.120 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.425 1.503 -- 2006 1.319 1.425 -- 2005 1.177 1.319 -- 2004 1.162 1.177 -- 2003 1.000 1.162 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.196 1.229 -- 2006 1.104 1.196 -- 2005 1.075 1.104 -- 2004 1.000 1.075 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.990 1.012 -- 2006 0.972 0.990 -- 2005 0.971 0.972 -- 2004 0.988 0.971 -- 2003 1.000 0.988 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.096 1.114 -- 2005 1.174 1.096 -- 2004 1.191 1.174 -- 2003 1.000 1.191 --
246 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.305 1.349 6,620 2006 1.274 1.305 11,844 2005 1.221 1.274 11,028 2004 1.130 1.221 11,114 2003 1.000 1.130 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.101 1.131 10,140 2006 1.036 1.101 9,882 2005 1.040 1.036 9,611 2004 0.983 1.040 9,275 2003 1.000 0.983 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.192 1.326 -- 2006 1.214 1.192 -- 2005 1.203 1.214 -- 2004 1.213 1.203 -- 2003 1.000 1.213 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.477 1.806 -- 2006 1.423 1.477 -- 2005 1.309 1.423 -- 2004 1.210 1.309 -- 2003 1.000 1.210 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.704 3.392 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.066 1.085 4,910 2006 1.000 1.066 13,226
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.35%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.810 2.132 -- 2006 1.477 1.810 -- 2005 1.294 1.477 -- 2004 1.072 1.294 -- 2003 1.000 1.072 --
247 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.113 1.116 -- 2005 1.053 1.113 -- 2004 1.034 1.053 -- 2003 1.000 1.034 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.392 1.811 -- 2006 1.198 1.392 -- 2005 1.074 1.198 -- 2004 1.019 1.074 -- 2003 1.000 1.019 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.059 2.152 -- 2006 1.590 2.059 -- 2005 1.273 1.590 -- 2004 1.043 1.273 -- 2003 1.000 1.043 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.492 1.399 -- 2006 1.349 1.492 -- 2005 1.189 1.349 -- 2004 1.032 1.189 -- 2003 1.000 1.032 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.285 1.272 -- 2006 1.222 1.285 -- 2005 1.148 1.222 -- 2004 1.029 1.148 -- 2003 1.000 1.029 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.161 1.219 -- 2006 1.091 1.161 -- 2005 1.080 1.091 -- 2004 1.044 1.080 -- 2003 1.000 1.044 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.131 1.158 -- 2006 1.005 1.131 -- 2005 1.000 1.005 --
248 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 1.942 1.587 -- 2006 1.450 1.942 -- 2005 1.333 1.450 -- 2004 1.044 1.333 -- 2003 1.000 1.044 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.012 1.026 -- 2006 0.993 1.012 -- 2005 1.000 0.993 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.227 1.344 -- 2006 1.161 1.227 -- 2005 1.095 1.161 -- 2004 1.043 1.095 -- 2003 1.000 1.043 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 1.767 1.879 -- 2006 1.484 1.767 -- 2005 1.287 1.484 -- 2004 1.070 1.287 -- 2003 1.000 1.070 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.293 1.276 -- 2006 1.169 1.293 -- 2005 1.132 1.169 -- 2004 1.055 1.132 -- 2003 1.000 1.055 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.267 1.397 -- 2006 1.227 1.267 -- 2005 1.162 1.227 -- 2004 1.090 1.162 -- 2003 1.000 1.090 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.709 1.907 -- 2006 1.394 1.709 -- 2005 1.234 1.394 -- 2004 1.086 1.234 -- 2003 1.000 1.086 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.096 1.142 -- 2005 1.127 1.096 -- 2004 1.035 1.127 -- 2003 1.000 1.035 --
249 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.238 1.357 -- 2005 1.119 1.238 -- 2004 1.028 1.119 -- 2003 1.000 1.028 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.167 1.190 -- 2006 1.088 1.167 -- 2005 1.072 1.088 -- 2004 1.032 1.072 -- 2003 1.000 1.032 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.441 1.451 -- 2006 1.280 1.441 -- 2005 1.195 1.280 -- 2004 1.059 1.195 -- 2003 1.000 1.059 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.145 1.171 -- 2006 1.077 1.145 -- 2005 1.057 1.077 -- 2004 1.000 1.057 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.043 1.057 -- 2006 1.028 1.043 -- 2005 1.033 1.028 -- 2004 1.016 1.033 -- 2003 1.000 1.016 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.380 1.404 -- 2006 1.235 1.380 -- 2005 1.158 1.235 -- 2004 1.064 1.158 -- 2003 1.000 1.064 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.437 1.373 -- 2006 1.245 1.437 -- 2005 1.185 1.245 -- 2004 1.068 1.185 -- 2003 1.000 1.068 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.393 1.696 -- 2005 1.299 1.393 -- 2004 1.060 1.299 -- 2003 1.000 1.060 --
250 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.125 1.343 -- 2005 1.078 1.125 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.824 1.886 -- 2006 1.440 1.824 -- 2005 1.204 1.440 -- 2004 1.078 1.204 -- 2003 1.000 1.078 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.031 1.062 -- 2006 1.017 1.031 -- 2005 1.019 1.017 -- 2004 1.009 1.019 -- 2003 1.000 1.009 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.246 1.285 -- 2006 1.132 1.246 -- 2005 1.093 1.132 -- 2004 1.000 1.093 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.231 1.209 -- 2006 1.145 1.231 -- 2005 1.133 1.145 -- 2004 1.035 1.133 -- 2003 1.000 1.035 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.052 1.066 -- 2005 1.040 1.052 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.153 1.153 -- 2005 1.138 1.153 -- 2004 1.059 1.138 -- 2003 1.000 1.059 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.703 1.933 -- 2006 1.394 1.703 -- 2005 1.252 1.394 -- 2004 1.088 1.252 -- 2003 1.000 1.088 --
251 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.320 1.369 -- 2006 1.251 1.320 -- 2005 1.146 1.251 -- 2004 1.056 1.146 -- 2003 1.000 1.056 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.197 1.177 -- 2005 1.144 1.197 -- 2004 1.044 1.144 -- 2003 1.000 1.044 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.143 1.259 -- 2005 1.062 1.143 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.274 1.403 -- 2006 1.134 1.274 -- 2005 1.143 1.134 -- 2004 1.067 1.143 -- 2003 1.000 1.067 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.190 1.220 -- 2005 1.226 1.190 -- 2004 1.069 1.226 -- 2003 1.000 1.069 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.246 1.314 -- 2006 1.154 1.246 -- 2005 1.031 1.154 -- 2004 1.018 1.031 -- 2003 1.000 1.018 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.195 1.227 -- 2006 1.103 1.195 -- 2005 1.075 1.103 -- 2004 1.000 1.075 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.997 1.019 -- 2006 0.979 0.997 -- 2005 0.979 0.979 -- 2004 0.997 0.979 -- 2003 1.000 0.997 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 0.940 0.954 -- 2005 1.007 0.940 -- 2004 1.022 1.007 -- 2003 1.000 1.022 --
252 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.35% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.161 1.200 -- 2006 1.134 1.161 -- 2005 1.088 1.134 -- 2004 1.007 1.088 -- 2003 1.000 1.007 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.154 1.184 -- 2006 1.086 1.154 -- 2005 1.091 1.086 -- 2004 1.032 1.091 -- 2003 1.000 1.032 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.000 1.112 -- 2006 1.020 1.000 -- 2005 1.011 1.020 -- 2004 1.020 1.011 -- 2003 1.000 1.020 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.237 1.512 -- 2006 1.192 1.237 -- 2005 1.097 1.192 -- 2004 1.015 1.097 -- 2003 1.000 1.015 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.138 2.680 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.066 1.084 -- 2006 1.000 1.066 --
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.40%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.793 2.112 -- 2006 1.464 1.793 -- 2005 1.283 1.464 -- 2004 1.064 1.283 -- 2003 1.000 1.064 --
253 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.139 1.143 -- 2005 1.079 1.139 -- 2004 1.060 1.079 -- 2003 1.000 1.060 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.525 1.983 -- 2006 1.313 1.525 -- 2005 1.178 1.313 -- 2004 1.118 1.178 -- 2003 1.000 1.118 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.594 2.711 -- 2006 2.005 2.594 -- 2005 1.605 2.005 -- 2004 1.316 1.605 -- 2003 1.000 1.316 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.783 1.672 -- 2006 1.613 1.783 -- 2005 1.423 1.613 -- 2004 1.235 1.423 -- 2003 1.000 1.235 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.457 1.442 -- 2006 1.386 1.457 -- 2005 1.303 1.386 -- 2004 1.169 1.303 -- 2003 1.000 1.169 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.246 1.308 -- 2006 1.172 1.246 -- 2005 1.161 1.172 -- 2004 1.123 1.161 -- 2003 1.000 1.123 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.130 1.157 -- 2006 1.005 1.130 -- 2005 1.000 1.005 --
254 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.156 1.761 -- 2006 1.610 2.156 -- 2005 1.482 1.610 -- 2004 1.161 1.482 -- 2003 1.000 1.161 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.012 1.025 2,170 2006 0.993 1.012 2,173 2005 1.000 0.993 2,175 DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.307 1.431 1,937 2006 1.237 1.307 1,939 2005 1.168 1.237 -- 2004 1.112 1.168 -- 2003 1.000 1.112 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.061 2.192 -- 2006 1.732 2.061 -- 2005 1.503 1.732 -- 2004 1.250 1.503 -- 2003 1.000 1.250 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.376 1.357 -- 2006 1.244 1.376 -- 2005 1.205 1.244 -- 2004 1.125 1.205 -- 2003 1.000 1.125 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.301 1.433 -- 2006 1.260 1.301 -- 2005 1.194 1.260 -- 2004 1.120 1.194 -- 2003 1.000 1.120 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.856 2.070 1,546 2006 1.515 1.856 1,548 2005 1.341 1.515 -- 2004 1.182 1.341 -- 2003 1.000 1.182 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.192 1.242 -- 2005 1.226 1.192 -- 2004 1.127 1.226 -- 2003 1.000 1.127 --
255 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.410 1.545 -- 2005 1.276 1.410 1,650 2004 1.172 1.276 -- 2003 1.000 1.172 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.198 1.221 -- 2006 1.117 1.198 -- 2005 1.101 1.117 -- 2004 1.060 1.101 -- 2003 1.000 1.060 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.566 1.577 -- 2006 1.393 1.566 -- 2005 1.300 1.393 -- 2004 1.153 1.300 -- 2003 1.000 1.153 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.144 1.169 -- 2006 1.077 1.144 -- 2005 1.056 1.077 -- 2004 1.000 1.056 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.011 1.024 2,156 2006 0.996 1.011 2,158 2005 1.002 0.996 2,161 2004 0.986 1.002 -- 2003 1.000 0.986 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.496 1.521 3,400 2006 1.340 1.496 3,404 2005 1.256 1.340 3,408 2004 1.155 1.256 -- 2003 1.000 1.155 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.559 1.488 -- 2006 1.350 1.559 -- 2005 1.286 1.350 -- 2004 1.160 1.286 -- 2003 1.000 1.160 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.631 1.984 1,368 2005 1.521 1.631 1,370 2004 1.241 1.521 -- 2003 1.000 1.241 --
256 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.125 1.341 -- 2005 1.078 1.125 2,093 DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.990 2.056 -- 2006 1.572 1.990 -- 2005 1.314 1.572 -- 2004 1.177 1.314 -- 2003 1.000 1.177 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.013 1.044 -- 2006 1.000 1.013 -- 2005 1.002 1.000 -- 2004 0.993 1.002 -- 2003 1.000 0.993 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.245 1.283 -- 2006 1.132 1.245 -- 2005 1.093 1.132 -- 2004 1.000 1.093 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.293 1.269 -- 2006 1.203 1.293 -- 2005 1.192 1.203 -- 2004 1.089 1.192 -- 2003 1.000 1.089 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.051 1.065 -- 2005 1.040 1.051 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.228 1.228 -- 2005 1.212 1.228 -- 2004 1.129 1.212 -- 2003 1.000 1.129 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.887 2.140 1,560 2006 1.545 1.887 1,562 2005 1.388 1.545 1,564 2004 1.207 1.388 -- 2003 1.000 1.207 --
257 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.393 1.444 -- 2006 1.321 1.393 -- 2005 1.211 1.321 -- 2004 1.117 1.211 -- 2003 1.000 1.117 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.269 1.246 -- 2005 1.213 1.269 -- 2004 1.107 1.213 -- 2003 1.000 1.107 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.142 1.258 -- 2005 1.062 1.142 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.382 1.521 -- 2006 1.231 1.382 -- 2005 1.241 1.231 -- 2004 1.160 1.241 -- 2003 1.000 1.160 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.245 1.275 -- 2005 1.283 1.245 -- 2004 1.119 1.283 -- 2003 1.000 1.119 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.420 1.496 -- 2006 1.316 1.420 -- 2005 1.175 1.316 -- 2004 1.162 1.175 -- 2003 1.000 1.162 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.194 1.224 -- 2006 1.102 1.194 -- 2005 1.074 1.102 -- 2004 1.000 1.074 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.986 1.008 -- 2006 0.969 0.986 -- 2005 0.969 0.969 -- 2004 0.988 0.969 -- 2003 1.000 0.988 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.093 1.110 -- 2005 1.173 1.093 -- 2004 1.191 1.173 -- 2003 1.000 1.191 --
258 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.300 1.343 -- 2006 1.271 1.300 -- 2005 1.219 1.271 -- 2004 1.130 1.219 -- 2003 1.000 1.130 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.097 1.125 -- 2006 1.033 1.097 -- 2005 1.038 1.033 -- 2004 0.982 1.038 -- 2003 1.000 0.982 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.188 1.320 -- 2006 1.211 1.188 -- 2005 1.201 1.211 -- 2004 1.213 1.201 -- 2003 1.000 1.213 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.472 1.798 3,242 2006 1.419 1.472 3,246 2005 1.307 1.419 3,250 2004 1.210 1.307 -- 2003 1.000 1.210 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.694 3.376 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.066 1.083 -- 2006 1.000 1.066 --
SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.50%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.787 2.102 -- 2006 1.460 1.787 -- 2005 1.281 1.460 -- 2004 1.063 1.281 2,000 2003 1.000 1.063 2,000
259 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.136 1.139 -- 2005 1.077 1.136 -- 2004 1.059 1.077 -- 2003 1.000 1.059 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.520 1.974 -- 2006 1.310 1.520 -- 2005 1.176 1.310 -- 2004 1.118 1.176 -- 2003 1.000 1.118 3,000 Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.585 2.700 -- 2006 2.000 2.585 -- 2005 1.603 2.000 -- 2004 1.315 1.603 1,000 2003 1.000 1.315 1,000 Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.777 1.664 -- 2006 1.609 1.777 -- 2005 1.420 1.609 -- 2004 1.234 1.420 1,000 2003 1.000 1.234 1,000 Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.452 1.436 -- 2006 1.383 1.452 -- 2005 1.301 1.383 -- 2004 1.168 1.301 2,000 2003 1.000 1.168 2,000 Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.242 1.302 -- 2006 1.169 1.242 -- 2005 1.159 1.169 -- 2004 1.122 1.159 3,000 2003 1.000 1.122 3,000 DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.129 1.154 -- 2006 1.004 1.129 -- 2005 1.000 1.004 --
260 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.149 1.753 -- 2006 1.606 2.149 -- 2005 1.479 1.606 -- 2004 1.160 1.479 -- 2003 1.000 1.160 2,000 DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.010 1.022 -- 2006 0.993 1.010 -- 2005 1.000 0.993 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.302 1.425 -- 2006 1.234 1.302 -- 2005 1.166 1.234 -- 2004 1.112 1.166 2,000 2003 1.000 1.112 2,000 DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.054 2.182 -- 2006 1.728 2.054 -- 2005 1.500 1.728 -- 2004 1.249 1.500 1,000 2003 1.000 1.249 1,000 DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.371 1.351 -- 2006 1.241 1.371 -- 2005 1.204 1.241 -- 2004 1.124 1.204 -- 2003 1.000 1.124 1,000 DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.296 1.427 -- 2006 1.256 1.296 -- 2005 1.192 1.256 -- 2004 1.119 1.192 -- 2003 1.000 1.119 1,000 DWSI International Subaccount (Class B) (6/03)..... 2007 1.849 2.060 -- 2006 1.511 1.849 -- 2005 1.339 1.511 -- 2004 1.181 1.339 1,000 2003 1.000 1.181 1,000 DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.189 1.238 -- 2005 1.225 1.189 -- 2004 1.126 1.225 2,000 2003 1.000 1.126 2,000
261 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.407 1.540 -- 2005 1.274 1.407 -- 2004 1.172 1.274 1,000 2003 1.000 1.172 1,000 DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.194 1.216 -- 2006 1.114 1.194 -- 2005 1.099 1.114 -- 2004 1.060 1.099 2,000 2003 1.000 1.060 2,000 DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.561 1.570 -- 2006 1.389 1.561 -- 2005 1.298 1.389 -- 2004 1.152 1.298 2,000 2003 1.000 1.152 2,000 DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.141 1.165 -- 2006 1.075 1.141 -- 2005 1.056 1.075 -- 2004 1.000 1.056 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.007 1.019 -- 2006 0.994 1.007 -- 2005 1.000 0.994 -- 2004 0.985 1.000 -- 2003 1.000 0.985 2,000 DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.491 1.514 -- 2006 1.336 1.491 -- 2005 1.254 1.336 -- 2004 1.154 1.254 -- 2003 1.000 1.154 1,000 DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.553 1.481 -- 2006 1.347 1.553 -- 2005 1.284 1.347 -- 2004 1.159 1.284 -- 2003 1.000 1.159 1,000 DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.627 1.977 -- 2005 1.519 1.627 -- 2004 1.241 1.519 -- 2003 1.000 1.241 2,000
262 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.123 1.339 -- 2005 1.053 1.123 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.982 2.046 -- 2006 1.568 1.982 -- 2005 1.312 1.568 -- 2004 1.177 1.312 1,000 2003 1.000 1.177 1,000 DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.010 1.039 -- 2006 0.998 1.010 -- 2005 1.000 0.998 -- 2004 0.992 1.000 2,000 2003 1.000 0.992 2,000 DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.242 1.278 -- 2006 1.130 1.242 -- 2005 1.093 1.130 -- 2004 1.000 1.093 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.289 1.264 -- 2006 1.200 1.289 -- 2005 1.190 1.200 -- 2004 1.088 1.190 -- 2003 1.000 1.088 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.049 1.063 -- 2005 1.039 1.049 -- 2004 1.000 1.039 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.225 1.225 -- 2005 1.211 1.225 -- 2004 1.129 1.211 1,000 2003 1.000 1.129 1,000 DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.880 2.130 -- 2006 1.541 1.880 -- 2005 1.386 1.541 -- 2004 1.206 1.386 -- 2003 1.000 1.206 1,000
263 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.388 1.438 -- 2006 1.318 1.388 -- 2005 1.209 1.318 -- 2004 1.116 1.209 1,000 2003 1.000 1.116 1,000 DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.266 1.242 -- 2005 1.211 1.266 -- 2004 1.107 1.211 1,000 2003 1.000 1.107 1,000 DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.141 1.255 -- 2005 1.036 1.141 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.377 1.514 -- 2006 1.228 1.377 -- 2005 1.239 1.228 -- 2004 1.159 1.239 -- 2003 1.000 1.159 2,000 DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.242 1.271 -- 2005 1.281 1.242 -- 2004 1.119 1.281 1,000 2003 1.000 1.119 1,000 DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.415 1.489 -- 2006 1.312 1.415 -- 2005 1.173 1.312 -- 2004 1.161 1.173 1,000 2003 1.000 1.161 1,000 DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.191 1.220 -- 2006 1.101 1.191 -- 2005 1.074 1.101 -- 2004 1.000 1.074 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.983 1.003 -- 2006 0.967 0.983 -- 2005 0.968 0.967 -- 2004 0.987 0.968 1,000 2003 1.000 0.987 1,000 DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.090 1.106 -- 2005 1.171 1.090 -- 2004 1.190 1.171 1,000 2003 1.000 1.190 1,000
264 SCUDDER ADVOCATE ADVISOR -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.295 1.337 -- 2006 1.267 1.295 -- 2005 1.217 1.267 -- 2004 1.129 1.217 -- 2003 1.000 1.129 1,000 DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.093 1.120 -- 2006 1.031 1.093 -- 2005 1.037 1.031 -- 2004 0.982 1.037 -- 2003 1.000 0.982 2,000 DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.184 1.314 -- 2006 1.208 1.184 -- 2005 1.199 1.208 -- 2004 1.212 1.199 1,000 2003 1.000 1.212 1,000 DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.467 1.790 -- 2006 1.416 1.467 -- 2005 1.305 1.416 -- 2004 1.209 1.305 1,000 2003 1.000 1.209 1,000 Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.683 3.361 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.065 1.081 -- 2006 1.000 1.065 --
The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 04/29/2005, Scudder Variable Series I-21st Century Growth Portfolio merged into Scudder Variable Series II-Scudder Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-Scudder Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Eagle Focused Large Cap Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. 265 Effective on or about 04/29/2005, Scudder Variable Series II-SVS Focused Vale and Growth Portfolio merged into Scudder Variable Series I-Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 09/19/2005, Scudder Variable Series II-SVS Index 500 Portfolio merged into Scudder Investments VIT Funds-Scudder VIT Equity Index 500 Fund and is no longer available as a funding option. Effective on or about 05/01/2006, The Alger American Fund-Alger American Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Dreman Financial Services VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Income Allocation VIP merged into DWS Variable Series II-DWS Conservative Allocation VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS MFS(R) Strategic Value VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Janus Growth Opportunities VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Legg Mason Aggressive Growth VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Mercury Large Cap Core VIP merged into DWS Variable Series I-DWS Growth & Income VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Oak Strategic Equity VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Templeton Foreign Value VIP merged into DWS Variable Series I-DWS International VIP and is no longer available as a funding option. Effective on or about 04/30/2007, Credit Suisse Trust-Credit Suisse Trust Emerging Markets Portfolio was replaced by Met Investors Series Trust-MFS(R) Emerging Markets Equity Portfolio and is no longer available as a funding option. 266 CONDENSED FINANCIAL INFORMATION -- SCUDDER ADVOCATE ADVISOR-ST1 - -------------------------------------------------------------------------------- The following tables provide the Accumulation Unit Values information for the MID-RANGE combinations of separate account charges. The Accumulation Unit Value information for the minimum separate account charge and the maximum variable account charge are contained in the Prospectus. SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.00%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.819 2.151 -- 2006 1.479 1.819 -- 2005 1.291 1.479 -- 2004 1.066 1.291 -- 2003 1.000 1.066 -- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.151 1.156 -- 2005 1.086 1.151 -- 2004 1.062 1.086 -- 2003 1.000 1.062 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.547 2.019 -- 2006 1.326 1.547 -- 2005 1.185 1.326 -- 2004 1.121 1.185 -- 2003 1.000 1.121 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.632 2.753 -- 2006 2.026 2.632 -- 2005 1.615 2.026 -- 2004 1.319 1.615 -- 2003 1.000 1.319 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.809 1.702 -- 2006 1.630 1.809 -- 2005 1.432 1.630 -- 2004 1.238 1.432 -- 2003 1.000 1.238 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.478 1.469 -- 2006 1.401 1.478 -- 2005 1.312 1.401 -- 2004 1.171 1.312 -- 2003 1.000 1.171 --
267 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.264 1.332 -- 2006 1.184 1.264 -- 2005 1.168 1.184 -- 2004 1.125 1.168 -- 2003 1.000 1.125 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.136 1.167 -- 2006 1.006 1.136 -- 2005 1.000 1.006 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.187 1.793 -- 2006 1.627 2.187 -- 2005 1.491 1.627 -- 2004 1.164 1.491 -- 2003 1.000 1.164 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.018 1.035 -- 2006 0.995 1.018 -- 2005 1.000 0.995 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.326 1.457 -- 2006 1.250 1.326 -- 2005 1.175 1.250 -- 2004 1.115 1.175 -- 2003 1.000 1.115 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.091 2.232 -- 2006 1.750 2.091 -- 2005 1.512 1.750 -- 2004 1.253 1.512 -- 2003 1.000 1.253 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.396 1.382 -- 2006 1.257 1.396 -- 2005 1.213 1.257 -- 2004 1.127 1.213 -- 2003 1.000 1.127 --
268 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.319 1.460 -- 2006 1.273 1.319 -- 2005 1.201 1.273 -- 2004 1.123 1.201 -- 2003 1.000 1.123 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.882 2.108 -- 2006 1.531 1.882 -- 2005 1.349 1.531 -- 2004 1.184 1.349 -- 2003 1.000 1.184 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.204 1.258 -- 2005 1.234 1.204 -- 2004 1.129 1.234 -- 2003 1.000 1.129 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.425 1.567 -- 2005 1.284 1.425 -- 2004 1.175 1.284 -- 2003 1.000 1.175 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.215 1.244 -- 2006 1.129 1.215 -- 2005 1.108 1.129 -- 2004 1.063 1.108 -- 2003 1.000 1.063 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.589 1.606 -- 2006 1.407 1.589 -- 2005 1.309 1.407 -- 2004 1.155 1.309 -- 2003 1.000 1.155 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.155 1.185 -- 2006 1.083 1.155 -- 2005 1.058 1.083 -- 2004 1.000 1.058 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.025 1.042 -- 2006 1.007 1.025 -- 2005 1.008 1.007 -- 2004 0.988 1.008 -- 2003 1.000 0.988 --
269 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.517 1.549 -- 2006 1.354 1.517 -- 2005 1.264 1.354 -- 2004 1.158 1.264 -- 2003 1.000 1.158 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.581 1.516 -- 2006 1.364 1.581 -- 2005 1.295 1.364 -- 2004 1.162 1.295 -- 2003 1.000 1.162 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.648 2.012 -- 2005 1.531 1.648 -- 2004 1.244 1.531 -- 2003 1.000 1.244 -- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.130 1.352 -- 2005 1.053 1.130 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 2.018 2.093 -- 2006 1.588 2.018 -- 2005 1.322 1.588 -- 2004 1.180 1.322 -- 2003 1.000 1.180 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.028 1.063 -- 2006 1.011 1.028 -- 2005 1.008 1.011 -- 2004 0.995 1.008 -- 2003 1.000 0.995 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.257 1.300 -- 2006 1.138 1.257 -- 2005 1.095 1.138 -- 2004 1.000 1.095 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.312 1.293 -- 2006 1.215 1.312 -- 2005 1.199 1.215 -- 2004 1.091 1.199 -- 2003 1.000 1.091 --
270 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.057 1.074 -- 2005 1.041 1.057 -- 2004 1.000 1.041 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.239 1.239 -- 2005 1.220 1.239 -- 2004 1.132 1.220 -- 2003 1.000 1.132 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.914 2.179 -- 2006 1.561 1.914 -- 2005 1.397 1.561 -- 2004 1.209 1.397 -- 2003 1.000 1.209 -- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.413 1.471 -- 2006 1.335 1.413 -- 2005 1.219 1.335 -- 2004 1.119 1.219 -- 2003 1.000 1.119 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.282 1.264 -- 2005 1.221 1.282 -- 2004 1.110 1.221 -- 2003 1.000 1.110 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.147 1.268 -- 2005 1.036 1.147 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.402 1.549 -- 2006 1.244 1.402 -- 2005 1.249 1.244 -- 2004 1.162 1.249 -- 2003 1.000 1.162 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.258 1.292 -- 2005 1.291 1.258 -- 2004 1.122 1.291 -- 2003 1.000 1.122 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.440 1.523 -- 2006 1.329 1.440 -- 2005 1.183 1.329 -- 2004 1.164 1.183 -- 2003 1.000 1.164 --
271 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.00% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.205 1.241 -- 2006 1.108 1.205 -- 2005 1.076 1.108 -- 2004 1.000 1.076 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.001 1.026 -- 2006 0.979 1.001 -- 2005 0.975 0.979 -- 2004 0.990 0.975 -- 2003 1.000 0.990 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.105 1.125 -- 2005 1.180 1.105 -- 2004 1.193 1.180 -- 2003 1.000 1.193 -- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.319 1.367 -- 2006 1.284 1.319 -- 2005 1.227 1.284 -- 2004 1.132 1.227 -- 2003 1.000 1.132 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.113 1.146 -- 2006 1.044 1.113 -- 2005 1.045 1.044 -- 2004 0.985 1.045 -- 2003 1.000 0.985 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.205 1.344 -- 2006 1.224 1.205 -- 2005 1.209 1.224 -- 2004 1.215 1.209 -- 2003 1.000 1.215 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.493 1.831 -- 2006 1.434 1.493 -- 2005 1.315 1.434 -- 2004 1.212 1.315 -- 2003 1.000 1.212 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.736 3.438 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.068 1.090 -- 2006 1.000 1.068 --
272 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.05%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.827 2.159 -- 2006 1.486 1.827 -- 2005 1.298 1.486 -- 2004 1.072 1.298 -- 2003 1.000 1.072 -- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.120 1.124 -- 2005 1.057 1.120 -- 2004 1.034 1.057 -- 2003 1.000 1.034 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.405 1.834 -- 2006 1.206 1.405 -- 2005 1.078 1.206 -- 2004 1.020 1.078 -- 2003 1.000 1.020 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.078 2.174 -- 2006 1.601 2.078 -- 2005 1.277 1.601 -- 2004 1.043 1.277 -- 2003 1.000 1.043 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.506 1.417 -- 2006 1.358 1.506 -- 2005 1.193 1.358 -- 2004 1.032 1.193 -- 2003 1.000 1.032 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.297 1.288 -- 2006 1.229 1.297 -- 2005 1.152 1.229 -- 2004 1.029 1.152 -- 2003 1.000 1.029 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.172 1.234 -- 2006 1.098 1.172 -- 2005 1.084 1.098 -- 2004 1.044 1.084 -- 2003 1.000 1.044 --
273 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.135 1.166 -- 2006 1.006 1.135 -- 2005 1.000 1.006 -- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 1.960 1.607 -- 2006 1.459 1.960 -- 2005 1.338 1.459 -- 2004 1.044 1.338 -- 2003 1.000 1.044 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.017 1.034 -- 2006 0.995 1.017 -- 2005 1.000 0.995 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.239 1.361 -- 2006 1.169 1.239 -- 2005 1.099 1.169 -- 2004 1.043 1.099 -- 2003 1.000 1.043 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 1.783 1.903 -- 2006 1.493 1.783 -- 2005 1.291 1.493 -- 2004 1.070 1.291 -- 2003 1.000 1.070 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.306 1.292 -- 2006 1.176 1.306 -- 2005 1.135 1.176 -- 2004 1.056 1.135 -- 2003 1.000 1.056 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.279 1.415 -- 2006 1.234 1.279 -- 2005 1.166 1.234 -- 2004 1.090 1.166 -- 2003 1.000 1.090 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.725 1.930 -- 2006 1.403 1.725 -- 2005 1.238 1.403 -- 2004 1.087 1.238 -- 2003 1.000 1.087 --
274 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.103 1.152 -- 2005 1.131 1.103 -- 2004 1.035 1.131 -- 2003 1.000 1.035 -- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.246 1.370 -- 2005 1.123 1.246 -- 2004 1.028 1.123 -- 2003 1.000 1.028 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.178 1.205 -- 2006 1.095 1.178 -- 2005 1.076 1.095 -- 2004 1.032 1.076 -- 2003 1.000 1.032 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.454 1.469 -- 2006 1.289 1.454 -- 2005 1.199 1.289 -- 2004 1.059 1.199 -- 2003 1.000 1.059 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.153 1.183 -- 2006 1.082 1.153 -- 2005 1.058 1.082 -- 2004 1.000 1.058 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.053 1.070 -- 2006 1.034 1.053 -- 2005 1.037 1.034 -- 2004 1.016 1.037 -- 2003 1.000 1.016 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.393 1.421 -- 2006 1.243 1.393 -- 2005 1.162 1.243 -- 2004 1.064 1.162 -- 2003 1.000 1.064 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.451 1.390 -- 2006 1.253 1.451 -- 2005 1.189 1.253 -- 2004 1.068 1.189 -- 2003 1.000 1.068 --
275 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.402 1.712 -- 2005 1.304 1.402 -- 2004 1.060 1.304 -- 2003 1.000 1.060 -- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.129 1.351 -- 2005 1.079 1.129 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.841 1.909 -- 2006 1.450 1.841 -- 2005 1.208 1.450 -- 2004 1.078 1.208 -- 2003 1.000 1.078 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.041 1.076 -- 2006 1.024 1.041 -- 2005 1.022 1.024 -- 2004 1.009 1.022 -- 2003 1.000 1.009 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.255 1.298 -- 2006 1.137 1.255 -- 2005 1.095 1.137 -- 2004 1.000 1.095 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.243 1.224 -- 2006 1.152 1.243 -- 2005 1.137 1.152 -- 2004 1.035 1.137 -- 2003 1.000 1.035 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.056 1.073 -- 2005 1.041 1.056 -- 2004 1.000 1.041 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.159 1.159 -- 2005 1.142 1.159 -- 2004 1.060 1.142 -- 2003 1.000 1.060 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.720 1.957 -- 2006 1.403 1.720 -- 2005 1.256 1.403 -- 2004 1.088 1.256 -- 2003 1.000 1.088 --
276 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.332 1.386 -- 2006 1.259 1.332 -- 2005 1.150 1.259 -- 2004 1.057 1.150 -- 2003 1.000 1.057 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.205 1.188 -- 2005 1.148 1.205 -- 2004 1.044 1.148 -- 2003 1.000 1.044 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.147 1.267 -- 2005 1.063 1.147 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.286 1.420 -- 2006 1.141 1.286 -- 2005 1.147 1.141 -- 2004 1.068 1.147 -- 2003 1.000 1.068 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.198 1.230 -- 2005 1.230 1.198 -- 2004 1.069 1.230 -- 2003 1.000 1.069 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.258 1.330 -- 2006 1.162 1.258 -- 2005 1.034 1.162 -- 2004 1.019 1.034 -- 2003 1.000 1.019 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.204 1.239 -- 2006 1.107 1.204 -- 2005 1.076 1.107 -- 2004 1.000 1.076 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.007 1.032 -- 2006 0.986 1.007 -- 2005 0.982 0.986 -- 2004 0.998 0.982 -- 2003 1.000 0.998 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 0.946 0.963 -- 2005 1.011 0.946 -- 2004 1.023 1.011 -- 2003 1.000 1.023 --
277 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.05% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.172 1.215 -- 2006 1.141 1.172 -- 2005 1.092 1.141 -- 2004 1.008 1.092 -- 2003 1.000 1.008 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.165 1.199 -- 2006 1.093 1.165 -- 2005 1.095 1.093 -- 2004 1.032 1.095 -- 2003 1.000 1.032 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.010 1.126 -- 2006 1.026 1.010 -- 2005 1.014 1.026 -- 2004 1.020 1.014 -- 2003 1.000 1.020 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.249 1.530 -- 2006 1.200 1.249 -- 2005 1.101 1.200 -- 2004 1.016 1.101 -- 2003 1.000 1.016 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.160 2.714 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.068 1.089 -- 2006 1.000 1.068 --
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.20%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.806 2.131 -- 2006 1.471 1.806 -- 2005 1.287 1.471 -- 2004 1.065 1.287 -- 2003 1.000 1.065 --
278 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.145 1.149 -- 2005 1.082 1.145 -- 2004 1.061 1.082 -- 2003 1.000 1.061 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.536 2.001 -- 2006 1.320 1.536 -- 2005 1.182 1.320 -- 2004 1.119 1.182 -- 2003 1.000 1.119 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.613 2.732 -- 2006 2.016 2.613 -- 2005 1.610 2.016 -- 2004 1.318 1.610 -- 2003 1.000 1.318 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.796 1.687 -- 2006 1.622 1.796 -- 2005 1.427 1.622 -- 2004 1.236 1.427 -- 2003 1.000 1.236 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.468 1.456 -- 2006 1.393 1.468 -- 2005 1.308 1.393 -- 2004 1.170 1.308 -- 2003 1.000 1.170 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.255 1.320 -- 2006 1.178 1.255 -- 2005 1.165 1.178 -- 2004 1.124 1.165 -- 2003 1.000 1.124 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.133 1.162 -- 2006 1.005 1.133 -- 2005 1.000 1.005 --
279 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.172 1.777 2,343 2006 1.619 2.172 2,556 2005 1.486 1.619 2,731 2004 1.162 1.486 3,201 2003 1.000 1.162 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.015 1.030 -- 2006 0.994 1.015 -- 2005 1.000 0.994 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.316 1.444 21,238 2006 1.244 1.316 20,799 2005 1.172 1.244 -- 2004 1.114 1.172 -- 2003 1.000 1.114 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.076 2.212 -- 2006 1.741 2.076 -- 2005 1.507 1.741 -- 2004 1.251 1.507 -- 2003 1.000 1.251 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.386 1.369 -- 2006 1.251 1.386 -- 2005 1.209 1.251 -- 2004 1.126 1.209 -- 2003 1.000 1.126 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.310 1.446 -- 2006 1.266 1.310 -- 2005 1.198 1.266 -- 2004 1.121 1.198 -- 2003 1.000 1.121 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.869 2.089 -- 2006 1.523 1.869 -- 2005 1.345 1.523 -- 2004 1.183 1.345 -- 2003 1.000 1.183 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.198 1.250 -- 2005 1.230 1.198 -- 2004 1.128 1.230 -- 2003 1.000 1.128 --
280 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.417 1.556 -- 2005 1.279 1.417 -- 2004 1.174 1.279 -- 2003 1.000 1.174 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.206 1.232 -- 2006 1.123 1.206 -- 2005 1.105 1.123 -- 2004 1.062 1.105 -- 2003 1.000 1.062 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.577 1.591 -- 2006 1.400 1.577 -- 2005 1.305 1.400 -- 2004 1.154 1.305 -- 2003 1.000 1.154 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.149 1.177 -- 2006 1.080 1.149 -- 2005 1.057 1.080 -- 2004 1.000 1.057 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.018 1.033 35,603 2006 1.001 1.018 34,312 2005 1.005 1.001 30,066 2004 0.987 1.005 30,247 2003 1.000 0.987 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.506 1.535 -- 2006 1.347 1.506 -- 2005 1.260 1.347 -- 2004 1.156 1.260 -- 2003 1.000 1.156 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.570 1.502 20,868 2006 1.357 1.570 21,386 2005 1.290 1.357 21,692 2004 1.161 1.290 22,426 2003 1.000 1.161 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.639 1.998 3,003 2005 1.526 1.639 3,400 2004 1.243 1.526 3,601 2003 1.000 1.243 --
281 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.127 1.347 -- 2005 1.053 1.127 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 2.004 2.074 -- 2006 1.580 2.004 -- 2005 1.318 1.580 -- 2004 1.179 1.318 -- 2003 1.000 1.179 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.020 1.053 -- 2006 1.005 1.020 -- 2005 1.005 1.005 -- 2004 0.994 1.005 -- 2003 1.000 0.994 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.251 1.291 -- 2006 1.135 1.251 -- 2005 1.094 1.135 -- 2004 1.000 1.094 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.303 1.281 3,287 2006 1.209 1.303 3,290 2005 1.195 1.209 3,293 2004 1.090 1.195 3,296 2003 1.000 1.090 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.054 1.069 -- 2005 1.040 1.054 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.234 1.234 -- 2005 1.216 1.234 -- 2004 1.130 1.216 -- 2003 1.000 1.130 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.900 2.160 10,406 2006 1.553 1.900 10,701 2005 1.393 1.553 12,180 2004 1.208 1.393 12,761 2003 1.000 1.208 --
282 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.403 1.457 -- 2006 1.328 1.403 -- 2005 1.215 1.328 -- 2004 1.118 1.215 -- 2003 1.000 1.118 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.275 1.255 -- 2005 1.217 1.275 -- 2004 1.109 1.217 -- 2003 1.000 1.109 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.145 1.263 -- 2005 1.036 1.145 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.392 1.535 -- 2006 1.237 1.392 -- 2005 1.245 1.237 -- 2004 1.161 1.245 -- 2003 1.000 1.161 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.251 1.284 -- 2005 1.287 1.251 -- 2004 1.120 1.287 -- 2003 1.000 1.120 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.430 1.510 -- 2006 1.322 1.430 -- 2005 1.179 1.322 -- 2004 1.163 1.179 -- 2003 1.000 1.163 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.199 1.233 227,865 2006 1.105 1.199 227,865 2005 1.075 1.105 227,865 2004 1.000 1.075 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.994 1.017 -- 2006 0.974 0.994 -- 2005 0.972 0.974 -- 2004 0.989 0.972 -- 2003 1.000 0.989 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.099 1.117 -- 2005 1.176 1.099 24,641 2004 1.192 1.176 21,802 2003 1.000 1.192 --
283 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.20% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.309 1.355 -- 2006 1.277 1.309 -- 2005 1.223 1.277 -- 2004 1.131 1.223 -- 2003 1.000 1.131 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.105 1.136 -- 2006 1.039 1.105 -- 2005 1.042 1.039 -- 2004 0.984 1.042 -- 2003 1.000 0.984 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.196 1.332 -- 2006 1.217 1.196 -- 2005 1.205 1.217 -- 2004 1.214 1.205 -- 2003 1.000 1.214 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.482 1.814 -- 2006 1.427 1.482 -- 2005 1.311 1.427 -- 2004 1.211 1.311 -- 2003 1.000 1.211 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.715 3.407 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.067 1.087 -- 2006 1.000 1.067 --
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.25%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.815 2.141 -- 2006 1.480 1.815 -- 2005 1.295 1.480 -- 2004 1.072 1.295 -- 2003 1.000 1.072 --
284 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.115 1.119 -- 2005 1.054 1.115 -- 2004 1.034 1.054 -- 2003 1.000 1.034 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.397 1.819 -- 2006 1.201 1.397 -- 2005 1.076 1.201 -- 2004 1.019 1.076 -- 2003 1.000 1.019 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.065 2.159 -- 2006 1.594 2.065 -- 2005 1.274 1.594 -- 2004 1.043 1.274 -- 2003 1.000 1.043 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.496 1.405 -- 2006 1.352 1.496 -- 2005 1.190 1.352 -- 2004 1.032 1.190 -- 2003 1.000 1.032 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.289 1.278 -- 2006 1.224 1.289 -- 2005 1.149 1.224 -- 2004 1.029 1.149 -- 2003 1.000 1.029 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.164 1.224 -- 2006 1.093 1.164 -- 2005 1.081 1.093 -- 2004 1.044 1.081 -- 2003 1.000 1.044 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.132 1.161 -- 2006 1.005 1.132 -- 2005 1.000 1.005 --
285 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 1.948 1.593 -- 2006 1.453 1.948 -- 2005 1.335 1.453 -- 2004 1.044 1.335 -- 2003 1.000 1.044 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.014 1.029 -- 2006 0.994 1.014 -- 2005 1.000 0.994 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.231 1.350 -- 2006 1.164 1.231 -- 2005 1.097 1.164 -- 2004 1.043 1.097 -- 2003 1.000 1.043 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 1.772 1.887 -- 2006 1.487 1.772 -- 2005 1.288 1.487 -- 2004 1.070 1.288 -- 2003 1.000 1.070 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.297 1.281 -- 2006 1.171 1.297 -- 2005 1.133 1.171 -- 2004 1.055 1.133 -- 2003 1.000 1.055 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.271 1.403 -- 2006 1.229 1.271 -- 2005 1.163 1.229 -- 2004 1.090 1.163 -- 2003 1.000 1.090 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.714 1.915 -- 2006 1.397 1.714 -- 2005 1.235 1.397 -- 2004 1.087 1.235 -- 2003 1.000 1.087 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.098 1.145 -- 2005 1.128 1.098 -- 2004 1.035 1.128 -- 2003 1.000 1.035 --
286 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.240 1.361 -- 2005 1.120 1.240 -- 2004 1.028 1.120 -- 2003 1.000 1.028 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.171 1.195 -- 2006 1.090 1.171 -- 2005 1.073 1.090 -- 2004 1.032 1.073 -- 2003 1.000 1.032 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.445 1.457 -- 2006 1.283 1.445 -- 2005 1.196 1.283 -- 2004 1.059 1.196 -- 2003 1.000 1.059 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.148 1.175 -- 2006 1.079 1.148 -- 2005 1.057 1.079 -- 2004 1.000 1.057 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.046 1.061 -- 2006 1.030 1.046 -- 2005 1.034 1.030 -- 2004 1.016 1.034 -- 2003 1.000 1.016 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.384 1.409 -- 2006 1.238 1.384 -- 2005 1.159 1.238 -- 2004 1.064 1.159 -- 2003 1.000 1.064 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.442 1.379 -- 2006 1.247 1.442 -- 2005 1.187 1.247 -- 2004 1.068 1.187 -- 2003 1.000 1.068 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.396 1.701 -- 2005 1.301 1.396 -- 2004 1.060 1.301 -- 2003 1.000 1.060 --
287 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.126 1.345 -- 2005 1.078 1.126 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.830 1.893 -- 2006 1.443 1.830 -- 2005 1.205 1.443 -- 2004 1.078 1.205 -- 2003 1.000 1.078 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.034 1.067 -- 2006 1.019 1.034 -- 2005 1.020 1.019 -- 2004 1.009 1.020 -- 2003 1.000 1.009 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.249 1.289 -- 2006 1.134 1.249 -- 2005 1.094 1.134 -- 2004 1.000 1.094 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.235 1.214 -- 2006 1.147 1.235 -- 2005 1.134 1.147 -- 2004 1.035 1.134 -- 2003 1.000 1.035 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.053 1.068 -- 2005 1.040 1.053 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.155 1.155 -- 2005 1.139 1.155 -- 2004 1.059 1.139 -- 2003 1.000 1.059 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.709 1.941 -- 2006 1.397 1.709 -- 2005 1.254 1.397 -- 2004 1.088 1.254 -- 2003 1.000 1.088 --
288 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.324 1.375 -- 2006 1.254 1.324 -- 2005 1.148 1.254 -- 2004 1.057 1.148 -- 2003 1.000 1.057 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.200 1.180 -- 2005 1.145 1.200 -- 2004 1.044 1.145 -- 2003 1.000 1.044 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.144 1.262 -- 2005 1.062 1.144 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.278 1.408 -- 2006 1.136 1.278 -- 2005 1.144 1.136 -- 2004 1.067 1.144 -- 2003 1.000 1.067 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.193 1.223 -- 2005 1.227 1.193 -- 2004 1.069 1.227 -- 2003 1.000 1.069 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.250 1.319 -- 2006 1.157 1.250 -- 2005 1.032 1.157 -- 2004 1.018 1.032 -- 2003 1.000 1.018 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.198 1.231 -- 2006 1.104 1.198 -- 2005 1.075 1.104 -- 2004 1.000 1.075 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 1.000 1.023 -- 2006 0.982 1.000 -- 2005 0.980 0.982 -- 2004 0.997 0.980 -- 2003 1.000 0.997 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 0.942 0.957 -- 2005 1.008 0.942 -- 2004 1.022 1.008 -- 2003 1.000 1.022 --
289 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.25% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.165 1.205 -- 2006 1.137 1.165 -- 2005 1.089 1.137 -- 2004 1.008 1.089 -- 2003 1.000 1.008 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.158 1.189 -- 2006 1.089 1.158 -- 2005 1.092 1.089 -- 2004 1.032 1.092 -- 2003 1.000 1.032 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.004 1.117 -- 2006 1.022 1.004 -- 2005 1.012 1.022 -- 2004 1.020 1.012 -- 2003 1.000 1.020 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.241 1.518 -- 2006 1.195 1.241 -- 2005 1.098 1.195 -- 2004 1.015 1.098 -- 2003 1.000 1.015 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.145 2.692 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.067 1.086 -- 2006 1.000 1.067 --
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.30%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.799 2.121 2,498 2006 1.468 1.799 4,358 2005 1.285 1.468 6,012 2004 1.064 1.285 7,623 2003 1.000 1.064 9,823
290 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.142 1.146 -- 2005 1.080 1.142 12,721 2004 1.060 1.080 13,875 2003 1.000 1.060 9,662 Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.530 1.992 27,985 2006 1.316 1.530 63,773 2005 1.180 1.316 64,802 2004 1.119 1.180 67,545 2003 1.000 1.119 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.604 2.721 -- 2006 2.010 2.604 1,772 2005 1.608 2.010 1,898 2004 1.317 1.608 2,234 2003 1.000 1.317 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.789 1.679 -- 2006 1.617 1.789 -- 2005 1.425 1.617 -- 2004 1.236 1.425 -- 2003 1.000 1.236 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.463 1.449 -- 2006 1.390 1.463 -- 2005 1.306 1.390 -- 2004 1.169 1.306 -- 2003 1.000 1.169 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.251 1.314 -- 2006 1.175 1.251 -- 2005 1.163 1.175 -- 2004 1.123 1.163 -- 2003 1.000 1.123 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.131 1.159 -- 2006 1.005 1.131 3,770 2005 1.000 1.005 3,727
291 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.164 1.769 14,098 2006 1.615 2.164 17,856 2005 1.484 1.615 19,465 2004 1.162 1.484 20,060 2003 1.000 1.162 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.013 1.027 -- 2006 0.994 1.013 -- 2005 1.000 0.994 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.312 1.438 -- 2006 1.241 1.312 3,157 2005 1.170 1.241 3,066 2004 1.113 1.170 -- 2003 1.000 1.113 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.069 2.202 -- 2006 1.737 2.069 -- 2005 1.505 1.737 -- 2004 1.251 1.505 -- 2003 1.000 1.251 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.381 1.363 3,904 2006 1.248 1.381 8,836 2005 1.207 1.248 10,003 2004 1.125 1.207 10,998 2003 1.000 1.125 9,265 DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.305 1.440 -- 2006 1.263 1.305 -- 2005 1.196 1.263 -- 2004 1.121 1.196 -- 2003 1.000 1.121 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.862 2.079 -- 2006 1.519 1.862 -- 2005 1.343 1.519 -- 2004 1.182 1.343 -- 2003 1.000 1.182 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.195 1.246 -- 2005 1.228 1.195 -- 2004 1.127 1.228 -- 2003 1.000 1.127 --
292 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.414 1.551 -- 2005 1.278 1.414 -- 2004 1.173 1.278 -- 2003 1.000 1.173 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.202 1.227 -- 2006 1.120 1.202 -- 2005 1.103 1.120 -- 2004 1.061 1.103 -- 2003 1.000 1.061 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.572 1.584 -- 2006 1.396 1.572 2,708 2005 1.302 1.396 2,781 2004 1.153 1.302 2,813 2003 1.000 1.153 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.146 1.173 20,800 2006 1.078 1.146 21,225 2005 1.057 1.078 21,252 2004 1.000 1.057 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.014 1.028 27,636 2006 0.999 1.014 57,836 2005 1.003 0.999 55,310 2004 0.986 1.003 51,292 2003 1.000 0.986 10,155 DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.501 1.528 30,891 2006 1.343 1.501 61,912 2005 1.258 1.343 61,436 2004 1.156 1.258 60,793 2003 1.000 1.156 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.564 1.495 -- 2006 1.354 1.564 4,182 2005 1.288 1.354 4,172 2004 1.160 1.288 4,351 2003 1.000 1.160 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.635 1.991 12,436 2005 1.524 1.635 12,737 2004 1.242 1.524 13,315 2003 1.000 1.242 --
293 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.126 1.344 -- 2005 1.078 1.126 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.997 2.065 16,091 2006 1.576 1.997 16,091 2005 1.316 1.576 16,091 2004 1.178 1.316 16,091 2003 1.000 1.178 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.017 1.048 5,105 2006 1.003 1.017 7,686 2005 1.004 1.003 8,871 2004 0.994 1.004 9,494 2003 1.000 0.994 10,065 DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.248 1.287 -- 2006 1.133 1.248 -- 2005 1.094 1.133 -- 2004 1.000 1.094 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.298 1.275 17,942 2006 1.206 1.298 35,008 2005 1.193 1.206 34,247 2004 1.090 1.193 32,822 2003 1.000 1.090 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.052 1.067 -- 2005 1.040 1.052 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.231 1.231 -- 2005 1.214 1.231 -- 2004 1.130 1.214 2,961 2003 1.000 1.130 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.893 2.150 9,119 2006 1.549 1.893 20,344 2005 1.390 1.549 21,148 2004 1.207 1.390 22,333 2003 1.000 1.207 --
294 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.398 1.451 -- 2006 1.324 1.398 -- 2005 1.213 1.324 -- 2004 1.117 1.213 -- 2003 1.000 1.117 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.272 1.251 -- 2005 1.215 1.272 -- 2004 1.108 1.215 -- 2003 1.000 1.108 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.143 1.261 -- 2005 1.062 1.143 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.387 1.528 -- 2006 1.234 1.387 3,036 2005 1.243 1.234 2,985 2004 1.160 1.243 2,895 2003 1.000 1.160 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.248 1.279 -- 2005 1.285 1.248 -- 2004 1.120 1.285 -- 2003 1.000 1.120 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.425 1.503 -- 2006 1.319 1.425 -- 2005 1.177 1.319 -- 2004 1.162 1.177 -- 2003 1.000 1.162 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.196 1.229 -- 2006 1.104 1.196 -- 2005 1.075 1.104 -- 2004 1.000 1.075 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.990 1.012 -- 2006 0.972 0.990 -- 2005 0.971 0.972 -- 2004 0.988 0.971 -- 2003 1.000 0.988 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.096 1.114 -- 2005 1.174 1.096 -- 2004 1.191 1.174 -- 2003 1.000 1.191 --
295 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.30% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.305 1.349 6,620 2006 1.274 1.305 11,844 2005 1.221 1.274 11,028 2004 1.130 1.221 11,114 2003 1.000 1.130 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.101 1.131 10,140 2006 1.036 1.101 9,882 2005 1.040 1.036 9,611 2004 0.983 1.040 9,275 2003 1.000 0.983 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.192 1.326 -- 2006 1.214 1.192 -- 2005 1.203 1.214 -- 2004 1.213 1.203 -- 2003 1.000 1.213 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.477 1.806 -- 2006 1.423 1.477 -- 2005 1.309 1.423 -- 2004 1.210 1.309 -- 2003 1.000 1.210 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.704 3.392 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.066 1.085 4,910 2006 1.000 1.066 13,226
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.40%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.793 2.112 -- 2006 1.464 1.793 -- 2005 1.283 1.464 -- 2004 1.064 1.283 -- 2003 1.000 1.064 --
296 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.139 1.143 -- 2005 1.079 1.139 -- 2004 1.060 1.079 -- 2003 1.000 1.060 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.525 1.983 -- 2006 1.313 1.525 -- 2005 1.178 1.313 -- 2004 1.118 1.178 -- 2003 1.000 1.118 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.594 2.711 -- 2006 2.005 2.594 -- 2005 1.605 2.005 -- 2004 1.316 1.605 -- 2003 1.000 1.316 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.783 1.672 -- 2006 1.613 1.783 -- 2005 1.423 1.613 -- 2004 1.235 1.423 -- 2003 1.000 1.235 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.457 1.442 -- 2006 1.386 1.457 -- 2005 1.303 1.386 -- 2004 1.169 1.303 -- 2003 1.000 1.169 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.246 1.308 -- 2006 1.172 1.246 -- 2005 1.161 1.172 -- 2004 1.123 1.161 -- 2003 1.000 1.123 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.130 1.157 -- 2006 1.005 1.130 -- 2005 1.000 1.005 --
297 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.156 1.761 -- 2006 1.610 2.156 -- 2005 1.482 1.610 -- 2004 1.161 1.482 -- 2003 1.000 1.161 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.012 1.025 2,170 2006 0.993 1.012 2,173 2005 1.000 0.993 2,175 DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.307 1.431 1,937 2006 1.237 1.307 1,939 2005 1.168 1.237 -- 2004 1.112 1.168 -- 2003 1.000 1.112 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.061 2.192 -- 2006 1.732 2.061 -- 2005 1.503 1.732 -- 2004 1.250 1.503 -- 2003 1.000 1.250 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.376 1.357 -- 2006 1.244 1.376 -- 2005 1.205 1.244 -- 2004 1.125 1.205 -- 2003 1.000 1.125 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.301 1.433 -- 2006 1.260 1.301 -- 2005 1.194 1.260 -- 2004 1.120 1.194 -- 2003 1.000 1.120 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.856 2.070 1,546 2006 1.515 1.856 1,548 2005 1.341 1.515 -- 2004 1.182 1.341 -- 2003 1.000 1.182 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.192 1.242 -- 2005 1.226 1.192 -- 2004 1.127 1.226 -- 2003 1.000 1.127 --
298 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.410 1.545 -- 2005 1.276 1.410 1,650 2004 1.172 1.276 -- 2003 1.000 1.172 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.198 1.221 -- 2006 1.117 1.198 -- 2005 1.101 1.117 -- 2004 1.060 1.101 -- 2003 1.000 1.060 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.566 1.577 -- 2006 1.393 1.566 -- 2005 1.300 1.393 -- 2004 1.153 1.300 -- 2003 1.000 1.153 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.144 1.169 -- 2006 1.077 1.144 -- 2005 1.056 1.077 -- 2004 1.000 1.056 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.011 1.024 2,156 2006 0.996 1.011 2,158 2005 1.002 0.996 2,161 2004 0.986 1.002 -- 2003 1.000 0.986 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.496 1.521 3,400 2006 1.340 1.496 3,404 2005 1.256 1.340 3,408 2004 1.155 1.256 -- 2003 1.000 1.155 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.559 1.488 -- 2006 1.350 1.559 -- 2005 1.286 1.350 -- 2004 1.160 1.286 -- 2003 1.000 1.160 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.631 1.984 1,368 2005 1.521 1.631 1,370 2004 1.241 1.521 -- 2003 1.000 1.241 --
299 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.125 1.341 -- 2005 1.053 1.125 2,093 DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.990 2.056 -- 2006 1.572 1.990 -- 2005 1.314 1.572 -- 2004 1.177 1.314 -- 2003 1.000 1.177 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.013 1.044 -- 2006 1.000 1.013 -- 2005 1.002 1.000 -- 2004 0.993 1.002 -- 2003 1.000 0.993 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.245 1.283 -- 2006 1.132 1.245 -- 2005 1.093 1.132 -- 2004 1.000 1.093 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.293 1.269 -- 2006 1.203 1.293 -- 2005 1.192 1.203 -- 2004 1.089 1.192 -- 2003 1.000 1.089 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.051 1.065 -- 2005 1.040 1.051 -- 2004 1.000 1.040 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.228 1.228 -- 2005 1.212 1.228 -- 2004 1.129 1.212 -- 2003 1.000 1.129 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.887 2.140 1,560 2006 1.545 1.887 1,562 2005 1.388 1.545 1,564 2004 1.207 1.388 -- 2003 1.000 1.207 --
300 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.393 1.444 -- 2006 1.321 1.393 -- 2005 1.211 1.321 -- 2004 1.117 1.211 -- 2003 1.000 1.117 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.269 1.246 -- 2005 1.213 1.269 -- 2004 1.107 1.213 -- 2003 1.000 1.107 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.142 1.258 -- 2005 1.036 1.142 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.382 1.521 -- 2006 1.231 1.382 -- 2005 1.241 1.231 -- 2004 1.160 1.241 -- 2003 1.000 1.160 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.245 1.275 -- 2005 1.283 1.245 -- 2004 1.119 1.283 -- 2003 1.000 1.119 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.420 1.496 -- 2006 1.316 1.420 -- 2005 1.175 1.316 -- 2004 1.162 1.175 -- 2003 1.000 1.162 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.194 1.224 -- 2006 1.102 1.194 -- 2005 1.074 1.102 -- 2004 1.000 1.074 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.986 1.008 -- 2006 0.969 0.986 -- 2005 0.969 0.969 -- 2004 0.988 0.969 -- 2003 1.000 0.988 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.093 1.110 -- 2005 1.173 1.093 -- 2004 1.191 1.173 -- 2003 1.000 1.191 --
301 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.40% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.300 1.343 -- 2006 1.271 1.300 -- 2005 1.219 1.271 -- 2004 1.130 1.219 -- 2003 1.000 1.130 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.097 1.125 -- 2006 1.033 1.097 -- 2005 1.038 1.033 -- 2004 0.982 1.038 -- 2003 1.000 0.982 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.188 1.320 -- 2006 1.211 1.188 -- 2005 1.201 1.211 -- 2004 1.213 1.201 -- 2003 1.000 1.213 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.472 1.798 3,242 2006 1.419 1.472 3,246 2005 1.307 1.419 3,250 2004 1.210 1.307 -- 2003 1.000 1.210 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.694 3.376 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.066 1.083 -- 2006 1.000 1.066 --
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.45%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.804 2.124 -- 2006 1.473 1.804 -- 2005 1.292 1.473 -- 2004 1.072 1.292 -- 2003 1.000 1.072 --
302 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.110 1.113 -- 2005 1.052 1.110 -- 2004 1.034 1.052 -- 2003 1.000 1.034 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.388 1.804 -- 2006 1.196 1.388 -- 2005 1.073 1.196 -- 2004 1.019 1.073 -- 2003 1.000 1.019 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.052 2.144 -- 2006 1.587 2.052 -- 2005 1.271 1.587 -- 2004 1.043 1.271 -- 2003 1.000 1.043 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.487 1.394 -- 2006 1.346 1.487 -- 2005 1.188 1.346 -- 2004 1.032 1.188 -- 2003 1.000 1.032 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.281 1.267 -- 2006 1.219 1.281 -- 2005 1.147 1.219 -- 2004 1.029 1.147 -- 2003 1.000 1.029 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.157 1.214 -- 2006 1.088 1.157 -- 2005 1.079 1.088 -- 2004 1.044 1.079 -- 2003 1.000 1.044 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.129 1.155 -- 2006 1.004 1.129 -- 2005 1.000 1.004 --
303 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 1.936 1.580 -- 2006 1.447 1.936 -- 2005 1.332 1.447 -- 2004 1.044 1.332 -- 2003 1.000 1.044 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.011 1.024 -- 2006 0.993 1.011 -- 2005 1.000 0.993 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.223 1.339 -- 2006 1.159 1.223 -- 2005 1.094 1.159 -- 2004 1.043 1.094 -- 2003 1.000 1.043 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 1.761 1.872 -- 2006 1.481 1.761 -- 2005 1.285 1.481 -- 2004 1.070 1.285 -- 2003 1.000 1.070 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.289 1.270 -- 2006 1.166 1.289 -- 2005 1.130 1.166 -- 2004 1.055 1.130 -- 2003 1.000 1.055 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.263 1.391 -- 2006 1.224 1.263 -- 2005 1.161 1.224 -- 2004 1.089 1.161 -- 2003 1.000 1.089 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.703 1.899 -- 2006 1.391 1.703 -- 2005 1.232 1.391 -- 2004 1.086 1.232 -- 2003 1.000 1.086 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.093 1.139 -- 2005 1.125 1.093 -- 2004 1.034 1.125 -- 2003 1.000 1.034 --
304 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.235 1.353 -- 2005 1.118 1.235 -- 2004 1.028 1.118 -- 2003 1.000 1.028 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.163 1.185 -- 2006 1.086 1.163 -- 2005 1.071 1.086 -- 2004 1.032 1.071 -- 2003 1.000 1.032 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.436 1.445 -- 2006 1.278 1.436 -- 2005 1.194 1.278 -- 2004 1.058 1.194 -- 2003 1.000 1.058 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.142 1.167 -- 2006 1.076 1.142 -- 2005 1.056 1.076 -- 2004 1.000 1.056 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.040 1.053 -- 2006 1.026 1.040 -- 2005 1.032 1.026 -- 2004 1.016 1.032 -- 2003 1.000 1.016 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.376 1.398 -- 2006 1.233 1.376 -- 2005 1.157 1.233 -- 2004 1.064 1.157 -- 2003 1.000 1.064 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.433 1.367 -- 2006 1.242 1.433 -- 2005 1.184 1.242 -- 2004 1.068 1.184 -- 2003 1.000 1.068 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.390 1.690 -- 2005 1.298 1.390 -- 2004 1.059 1.298 -- 2003 1.000 1.059 --
305 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.124 1.340 -- 2005 1.077 1.124 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.818 1.878 -- 2006 1.437 1.818 -- 2005 1.202 1.437 -- 2004 1.078 1.202 -- 2003 1.000 1.078 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.028 1.058 -- 2006 1.015 1.028 -- 2005 1.017 1.015 -- 2004 1.009 1.017 -- 2003 1.000 1.009 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.243 1.281 -- 2006 1.131 1.243 -- 2005 1.093 1.131 -- 2004 1.000 1.093 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.227 1.204 -- 2006 1.142 1.227 -- 2005 1.132 1.142 -- 2004 1.035 1.132 -- 2003 1.000 1.035 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.050 1.064 -- 2005 1.039 1.050 -- 2004 1.000 1.039 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.151 1.151 -- 2005 1.137 1.151 -- 2004 1.059 1.137 -- 2003 1.000 1.059 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.698 1.925 -- 2006 1.391 1.698 -- 2005 1.251 1.391 -- 2004 1.088 1.251 -- 2003 1.000 1.088 --
306 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.315 1.363 -- 2006 1.248 1.315 -- 2005 1.145 1.248 -- 2004 1.056 1.145 -- 2003 1.000 1.056 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.195 1.173 -- 2005 1.143 1.195 -- 2004 1.044 1.143 -- 2003 1.000 1.044 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.141 1.257 -- 2005 1.062 1.141 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.270 1.397 -- 2006 1.132 1.270 -- 2005 1.142 1.132 -- 2004 1.067 1.142 -- 2003 1.000 1.067 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.188 1.216 -- 2005 1.224 1.188 -- 2004 1.069 1.224 -- 2003 1.000 1.069 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.243 1.308 -- 2006 1.152 1.243 -- 2005 1.029 1.152 -- 2004 1.018 1.029 -- 2003 1.000 1.018 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.192 1.222 -- 2006 1.101 1.192 -- 2005 1.074 1.101 -- 2004 1.000 1.074 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.994 1.015 -- 2006 0.977 0.994 -- 2005 0.978 0.977 -- 2004 0.997 0.978 -- 2003 1.000 0.997 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 0.938 0.951 -- 2005 1.006 0.938 -- 2004 1.022 1.006 -- 2003 1.000 1.022 --
307 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.45% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.157 1.195 -- 2006 1.132 1.157 -- 2005 1.087 1.132 -- 2004 1.007 1.087 -- 2003 1.000 1.007 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.150 1.179 -- 2006 1.084 1.150 -- 2005 1.090 1.084 -- 2004 1.032 1.090 -- 2003 1.000 1.032 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 0.997 1.108 -- 2006 1.018 0.997 -- 2005 1.010 1.018 -- 2004 1.020 1.010 -- 2003 1.000 1.020 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.233 1.505 -- 2006 1.190 1.233 -- 2005 1.096 1.190 -- 2004 1.015 1.096 -- 2003 1.000 1.015 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.131 2.669 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.065 1.082 -- 2006 1.000 1.065 --
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.50%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.787 2.102 -- 2006 1.460 1.787 -- 2005 1.281 1.460 -- 2004 1.063 1.281 2,000 2003 1.000 1.063 2,000
308 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.136 1.139 -- 2005 1.077 1.136 -- 2004 1.059 1.077 -- 2003 1.000 1.059 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.520 1.974 -- 2006 1.310 1.520 -- 2005 1.176 1.310 -- 2004 1.118 1.176 -- 2003 1.000 1.118 3,000 Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.585 2.700 -- 2006 2.000 2.585 -- 2005 1.603 2.000 -- 2004 1.315 1.603 1,000 2003 1.000 1.315 1,000 Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.777 1.664 -- 2006 1.609 1.777 -- 2005 1.420 1.609 -- 2004 1.234 1.420 1,000 2003 1.000 1.234 1,000 Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.452 1.436 -- 2006 1.383 1.452 -- 2005 1.301 1.383 -- 2004 1.168 1.301 2,000 2003 1.000 1.168 2,000 Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.242 1.302 -- 2006 1.169 1.242 -- 2005 1.159 1.169 -- 2004 1.122 1.159 3,000 2003 1.000 1.122 3,000 DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.129 1.154 -- 2006 1.004 1.129 -- 2005 1.000 1.004 --
309 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.149 1.753 -- 2006 1.606 2.149 -- 2005 1.479 1.606 -- 2004 1.160 1.479 -- 2003 1.000 1.160 2,000 DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.010 1.022 -- 2006 0.993 1.010 -- 2005 1.000 0.993 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.302 1.425 -- 2006 1.234 1.302 -- 2005 1.166 1.234 -- 2004 1.112 1.166 2,000 2003 1.000 1.112 2,000 DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.054 2.182 -- 2006 1.728 2.054 -- 2005 1.500 1.728 -- 2004 1.249 1.500 1,000 2003 1.000 1.249 1,000 DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.371 1.351 -- 2006 1.241 1.371 -- 2005 1.204 1.241 -- 2004 1.124 1.204 -- 2003 1.000 1.124 1,000 DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.296 1.427 -- 2006 1.256 1.296 -- 2005 1.192 1.256 -- 2004 1.119 1.192 -- 2003 1.000 1.119 1,000 DWSI International Subaccount (Class B) (6/03)..... 2007 1.849 2.060 -- 2006 1.511 1.849 -- 2005 1.339 1.511 -- 2004 1.181 1.339 1,000 2003 1.000 1.181 1,000 DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.189 1.238 -- 2005 1.225 1.189 -- 2004 1.126 1.225 2,000 2003 1.000 1.126 2,000
310 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.407 1.540 -- 2005 1.274 1.407 -- 2004 1.172 1.274 1,000 2003 1.000 1.172 1,000 DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.194 1.216 -- 2006 1.114 1.194 -- 2005 1.099 1.114 -- 2004 1.060 1.099 2,000 2003 1.000 1.060 2,000 DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.561 1.570 -- 2006 1.389 1.561 -- 2005 1.298 1.389 -- 2004 1.152 1.298 2,000 2003 1.000 1.152 2,000 DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.141 1.165 -- 2006 1.075 1.141 -- 2005 1.056 1.075 -- 2004 1.000 1.056 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.007 1.019 -- 2006 0.994 1.007 -- 2005 1.000 0.994 -- 2004 0.985 1.000 -- 2003 1.000 0.985 2,000 DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.491 1.514 -- 2006 1.336 1.491 -- 2005 1.254 1.336 -- 2004 1.154 1.254 -- 2003 1.000 1.154 1,000 DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.553 1.481 -- 2006 1.347 1.553 -- 2005 1.284 1.347 -- 2004 1.159 1.284 -- 2003 1.000 1.159 1,000 DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.627 1.977 -- 2005 1.519 1.627 -- 2004 1.241 1.519 -- 2003 1.000 1.241 2,000
311 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.123 1.339 -- 2005 1.077 1.123 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.982 2.046 -- 2006 1.568 1.982 -- 2005 1.312 1.568 -- 2004 1.177 1.312 1,000 2003 1.000 1.177 1,000 DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.010 1.039 -- 2006 0.998 1.010 -- 2005 1.000 0.998 -- 2004 0.992 1.000 2,000 2003 1.000 0.992 2,000 DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.242 1.278 -- 2006 1.130 1.242 -- 2005 1.093 1.130 -- 2004 1.000 1.093 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.289 1.264 -- 2006 1.200 1.289 -- 2005 1.190 1.200 -- 2004 1.088 1.190 -- 2003 1.000 1.088 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.049 1.063 -- 2005 1.039 1.049 -- 2004 1.000 1.039 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.225 1.225 -- 2005 1.211 1.225 -- 2004 1.129 1.211 1,000 2003 1.000 1.129 1,000 DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.880 2.130 -- 2006 1.541 1.880 -- 2005 1.386 1.541 -- 2004 1.206 1.386 -- 2003 1.000 1.206 1,000
312 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.388 1.438 -- 2006 1.318 1.388 -- 2005 1.209 1.318 -- 2004 1.116 1.209 1,000 2003 1.000 1.116 1,000 DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.266 1.242 -- 2005 1.211 1.266 -- 2004 1.107 1.211 1,000 2003 1.000 1.107 1,000 DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.141 1.255 -- 2005 1.061 1.141 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.377 1.514 -- 2006 1.228 1.377 -- 2005 1.239 1.228 -- 2004 1.159 1.239 -- 2003 1.000 1.159 2,000 DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.242 1.271 -- 2005 1.281 1.242 -- 2004 1.119 1.281 1,000 2003 1.000 1.119 1,000 DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.415 1.489 -- 2006 1.312 1.415 -- 2005 1.173 1.312 -- 2004 1.161 1.173 1,000 2003 1.000 1.161 1,000 DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.191 1.220 -- 2006 1.101 1.191 -- 2005 1.074 1.101 -- 2004 1.000 1.074 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.983 1.003 -- 2006 0.967 0.983 -- 2005 0.968 0.967 -- 2004 0.987 0.968 1,000 2003 1.000 0.987 1,000 DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.090 1.106 -- 2005 1.171 1.090 -- 2004 1.190 1.171 1,000 2003 1.000 1.190 1,000
313 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.50% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.295 1.337 -- 2006 1.267 1.295 -- 2005 1.217 1.267 -- 2004 1.129 1.217 -- 2003 1.000 1.129 1,000 DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.093 1.120 -- 2006 1.031 1.093 -- 2005 1.037 1.031 -- 2004 0.982 1.037 -- 2003 1.000 0.982 2,000 DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.184 1.314 -- 2006 1.208 1.184 -- 2005 1.199 1.208 -- 2004 1.212 1.199 1,000 2003 1.000 1.212 1,000 DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.467 1.790 -- 2006 1.416 1.467 -- 2005 1.305 1.416 -- 2004 1.209 1.305 1,000 2003 1.000 1.209 1,000 Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.683 3.361 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.065 1.081 -- 2006 1.000 1.065 --
SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.60%
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- AIM Variable Insurance Funds AIM V.I. Utilities Subaccount (6/03)............... 2007 1.780 2.092 -- 2006 1.456 1.780 -- 2005 1.279 1.456 -- 2004 1.063 1.279 -- 2003 1.000 1.063 --
314 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- Alger American Fund Alger American Balanced Subaccount (Class S) (6/03)............................................. 2006 1.133 1.136 -- 2005 1.075 1.133 -- 2004 1.059 1.075 -- 2003 1.000 1.059 -- Alger American Leveraged AllCap Subaccount (Class S) (6/03).......................................... 2007 1.514 1.965 -- 2006 1.306 1.514 -- 2005 1.174 1.306 -- 2004 1.117 1.174 -- 2003 1.000 1.117 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (6/03)............................................. 2007 2.576 2.690 -- 2006 1.995 2.576 -- 2005 1.600 1.995 -- 2004 1.315 1.600 -- 2003 1.000 1.315 -- Credit Suisse Trust Global Small Cap Subaccount (6/03)............................................. 2007 1.770 1.657 -- 2006 1.605 1.770 -- 2005 1.418 1.605 -- 2004 1.234 1.418 -- 2003 1.000 1.234 -- Dreyfus Investment Portfolios Dreyfus MidCap Stock Subaccount (Service Shares) (6/03)............................................. 2007 1.447 1.429 -- 2006 1.379 1.447 -- 2005 1.299 1.379 -- 2004 1.167 1.299 -- 2003 1.000 1.167 -- Dreyfus Socially Responsible Growth Fund, Inc. Dreyfus Socially Responsible Growth Subaccount (Service Shares) (6/03)............................ 2007 1.238 1.296 -- 2006 1.166 1.238 -- 2005 1.158 1.166 -- 2004 1.121 1.158 -- 2003 1.000 1.121 -- DWS Investments VIT Funds DWS VIT Equity 500 Index Subaccount (Class B) (9/05)............................................. 2007 1.127 1.151 -- 2006 1.004 1.127 -- 2005 1.000 1.004 --
315 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWS VIT RREEF Real Estate Securites Subaccount (Class B) (6/03)................................... 2007 2.141 1.745 -- 2006 1.602 2.141 -- 2005 1.477 1.602 -- 2004 1.160 1.477 -- 2003 1.000 1.160 -- DWS Variable Series I DWSI Bond Subaccount (Class B) (7/05).............. 2007 1.009 1.020 -- 2006 0.992 1.009 -- 2005 1.000 0.992 -- DWSI Capital Growth Subaccount (Class B) (6/03).... 2007 1.298 1.418 -- 2006 1.231 1.298 -- 2005 1.164 1.231 -- 2004 1.111 1.164 -- 2003 1.000 1.111 -- DWSI Global Opportunities Subaccount (Class B) (6/03)............................................. 2007 2.047 2.172 -- 2006 1.723 2.047 -- 2005 1.498 1.723 -- 2004 1.249 1.498 -- 2003 1.000 1.249 -- DWSI Growth & Income Subaccount (Class B) (6/03)... 2007 1.367 1.345 -- 2006 1.238 1.367 -- 2005 1.202 1.238 -- 2004 1.123 1.202 -- 2003 1.000 1.123 -- DWSI Health Care Subaccount (Class B) (6/03)....... 2007 1.292 1.420 -- 2006 1.253 1.292 -- 2005 1.190 1.253 -- 2004 1.119 1.190 -- 2003 1.000 1.119 -- DWSI International Subaccount (Class B) (6/03)..... 2007 1.843 2.051 -- 2006 1.507 1.843 -- 2005 1.337 1.507 -- 2004 1.180 1.337 -- 2003 1.000 1.180 -- DWS Variable Series II DWSII Dreman Financial Services Subaccount (Class B) (6/03).......................................... 2006 1.186 1.234 -- 2005 1.223 1.186 -- 2004 1.125 1.223 -- 2003 1.000 1.125 --
316 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII All Cap Growth Subaccount (Class B) (6/03)... 2006 1.403 1.535 -- 2005 1.272 1.403 -- 2004 1.171 1.272 -- 2003 1.000 1.171 -- DWSII Balanced Subaccount (Class B) (6/03)......... 2007 1.189 1.210 -- 2006 1.111 1.189 -- 2005 1.098 1.111 -- 2004 1.059 1.098 -- 2003 1.000 1.059 -- DWSII Blue Chip Subaccount (Class B) (6/03)........ 2007 1.555 1.563 -- 2006 1.386 1.555 -- 2005 1.296 1.386 -- 2004 1.151 1.296 -- 2003 1.000 1.151 -- DWSII Conservative Allocation Subaccount (Class B) (8/04)............................................. 2007 1.138 1.161 -- 2006 1.074 1.138 -- 2005 1.056 1.074 -- 2004 1.000 1.056 -- DWSII Core Fixed Income Subaccount (Class B) (6/03)............................................. 2007 1.003 1.014 -- 2006 0.991 1.003 -- 2005 0.999 0.991 -- 2004 0.985 0.999 -- 2003 1.000 0.985 -- DWSII Davis Venture Value Subaccount (Class B) (6/03)............................................. 2007 1.485 1.507 -- 2006 1.333 1.485 -- 2005 1.252 1.333 -- 2004 1.154 1.252 -- 2003 1.000 1.154 -- DWSII Dreman High Return Equity Subaccount (Class B) (6/03).......................................... 2007 1.548 1.475 -- 2006 1.344 1.548 -- 2005 1.282 1.344 -- 2004 1.158 1.282 -- 2003 1.000 1.158 -- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (6/03).......................................... 2006 1.622 1.970 -- 2005 1.517 1.622 -- 2004 1.240 1.517 -- 2003 1.000 1.240 --
317 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Foreign Value Subaccount (Class B) (3/05).... 2006 1.122 1.336 -- 2005 1.053 1.122 -- DWSII Global Thematic Subaccount (Class B) (6/03).. 2007 1.975 2.037 -- 2006 1.564 1.975 -- 2005 1.310 1.564 -- 2004 1.176 1.310 -- 2003 1.000 1.176 -- DWSII Government & Agency Securities Subaccount (Class B) (6/03)................................... 2007 1.006 1.034 -- 2006 0.995 1.006 -- 2005 0.999 0.995 -- 2004 0.992 0.999 -- 2003 1.000 0.992 -- DWSII Growth Allocation Subaccount (Class B) (8/04)............................................. 2007 1.239 1.274 -- 2006 1.128 1.239 -- 2005 1.092 1.128 -- 2004 1.000 1.092 -- DWSII High Income Subaccount (Class B) (6/03)...... 2007 1.284 1.258 -- 2006 1.197 1.284 -- 2005 1.188 1.197 -- 2004 1.088 1.188 -- 2003 1.000 1.088 -- DWSII Income Allocation Subaccount (Class B) (8/04)............................................. 2006 1.048 1.060 -- 2005 1.039 1.048 -- 2004 1.000 1.039 -- DWSII Index 500 Subaccount (Class B) (6/03)........ 2006 1.223 1.223 -- 2005 1.209 1.223 -- 2004 1.128 1.209 -- 2003 1.000 1.128 -- DWSII International Select Equity Subaccount (Class B) (6/03).......................................... 2007 1.873 2.120 -- 2006 1.537 1.873 -- 2005 1.384 1.537 -- 2004 1.205 1.384 -- 2003 1.000 1.205 --
318 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Janus Growth & Income Subaccount (Class B) (6/03)............................................. 2007 1.383 1.431 -- 2006 1.314 1.383 -- 2005 1.207 1.314 -- 2004 1.115 1.207 -- 2003 1.000 1.115 -- DWSII Janus Growth Opportunities Subaccount (Class B) (6/03).......................................... 2006 1.262 1.238 -- 2005 1.209 1.262 -- 2004 1.106 1.209 -- 2003 1.000 1.106 -- DWSII Large Cap Core Subaccount (Class B) (3/05)... 2006 1.140 1.253 -- 2005 1.036 1.140 -- DWSII Large Cap Value Subaccount (Class B) (6/03).. 2007 1.372 1.507 -- 2006 1.225 1.372 -- 2005 1.237 1.225 -- 2004 1.158 1.237 -- 2003 1.000 1.158 -- DWSII MFS(R) Strategic Value Subaccount (Class B) (6/03)............................................. 2006 1.239 1.267 -- 2005 1.279 1.239 -- 2004 1.118 1.279 -- 2003 1.000 1.118 -- DWSII Mid Cap Growth Subaccount (Class B) (6/03)... 2007 1.410 1.482 -- 2006 1.309 1.410 -- 2005 1.172 1.309 -- 2004 1.161 1.172 -- 2003 1.000 1.161 -- DWSII Moderate Allocation Subaccount (Class B) (8/04)............................................. 2007 1.188 1.216 -- 2006 1.099 1.188 -- 2005 1.074 1.099 -- 2004 1.000 1.074 -- DWSII Money Market Subaccount (Class B) (6/03)..... 2007 0.979 0.998 -- 2006 0.964 0.979 -- 2005 0.966 0.964 -- 2004 0.987 0.966 -- 2003 1.000 0.987 -- DWSII Oak Strategic Equity Subaccount (Class B) (6/03)............................................. 2006 1.088 1.102 -- 2005 1.169 1.088 -- 2004 1.189 1.169 -- 2003 1.000 1.189 --
319 SCUDDER ADVOCATE ADVISOR-ST1 -- SEPARATE ACCOUNT CHARGES 2.60% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR - -------------- ---- ------------- ------------- --------------- DWSII Small Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.291 1.330 -- 2006 1.264 1.291 -- 2005 1.215 1.264 -- 2004 1.128 1.215 -- 2003 1.000 1.128 -- DWSII Strategic Income Subaccount (Class B) (6/03)............................................. 2007 1.090 1.115 -- 2006 1.028 1.090 -- 2005 1.035 1.028 -- 2004 0.981 1.035 -- 2003 1.000 0.981 -- DWSII Technology Subaccount (Class B) (6/03)....... 2007 1.179 1.308 -- 2006 1.205 1.179 -- 2005 1.198 1.205 -- 2004 1.211 1.198 -- 2003 1.000 1.211 -- DWSII Turner Mid Cap Growth Subaccount (Class B) (6/03)............................................. 2007 1.461 1.781 -- 2006 1.412 1.461 -- 2005 1.303 1.412 -- 2004 1.208 1.303 -- 2003 1.000 1.208 -- Met Investors Series Trust MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.673 3.346 -- Metropolitan Series Fund, Inc. MSF MFS(R) Total Return Subaccount (Class B) (1/70)............................................. 2007 1.064 1.079 -- 2006 1.000 1.064 --
The date next to each funding option name reflects the date money first came into the funding option through the Separate Account. Funding options not listed above had no amounts allocated to them or were not available as of December 31, 2007. Number of Units Outstanding at the end of the year may include units for Contracts in payout phase. Variable Funding Option mergers and substitutions that occurred between January 1, 2005 and December 31, 2007 are displayed below. Please see Appendix C for more information on Variable Funding Option mergers, substitutions and other changes. Effective on or about 04/29/2005, Scudder Variable Series I-21st Century Growth Portfolio merged into Scudder Variable Series II-Scudder Small Cap Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-Scudder Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. Effective on or about 04/29/2005, Scudder Variable Series II-SVS Eagle Focused Large Cap Growth Portfolio merged into Scudder Variable Series I-Capital Growth Portfolio and is no longer available as a funding option. 320 Effective on or about 04/29/2005, Scudder Variable Series II-SVS Focused Vale and Growth Portfolio merged into Scudder Variable Series I-Growth and Income Portfolio and is no longer available as a funding option. Effective on or about 09/19/2005, Scudder Variable Series II-SVS Index 500 Portfolio merged into Scudder Investments VIT Funds-Scudder VIT Equity Index 500 Fund and is no longer available as a funding option. Effective on or about 05/01/2006, The Alger American Fund-Alger American Balanced Portfolio was replaced by Metropolitan Series Fund, Inc.-MFS(R) Total Return Portfolio and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Dreman Financial Services VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS Income Allocation VIP merged into DWS Variable Series II-DWS Conservative Allocation VIP and is no longer available as a funding option. Effective on or about 09/18/2006, DWS Variable Series II-DWS MFS(R) Strategic Value VIP merged into DWS Variable Series II-DWS Dreman High Return Equity VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Janus Growth Opportunities VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Legg Mason Aggressive Growth VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Mercury Large Cap Core VIP merged into DWS Variable Series I-DWS Growth & Income VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Oak Strategic Equity VIP merged into DWS Variable Series I-DWS Capital Growth VIP and is no longer available as a funding option. Effective on or about 12/11/2006, DWS Variable Series II-DWS Templeton Foreign Value VIP merged into DWS Variable Series I-DWS International VIP and is no longer available as a funding option. Effective on or about 04/30/2007, Credit Suisse Trust-Credit Suisse Trust Emerging Markets Portfolio was replaced by Met Investors Series Trust-MFS(R) Emerging Markets Equity Portfolio and is no longer available as a funding option. 321 [FINANCIAL STATEMENTS FOR THE DEPOSITOR AND REGISTRANT TO BE ADDED BY AMENDMENT.] PORTFOLIO ARCHITECT ACCESS VINTAGE ACCESS SCUDDER ADVOCATE ADVISOR SCUDDER ADVOCATE ADVISOR-ST1 STATEMENT OF ADDITIONAL INFORMATION METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES ISSUED BY METLIFE INSURANCE COMPANY OF CONNECTICUT ONE CITYPLACE HARTFORD, CONNECTICUT 06103-3415 MIC-Book-67-68-77-89 October 13, 2008 PART C OTHER INFORMATION ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS (a) The financial statements of the Registrant and the report of Independent Registered Public Accounting Firm thereto are contained in the Registrant's Annual Report and are included in the Statement of Additional Information. The financial statements of the Registrant include: (to be filed by amendment) (1) Statement of Assets and Liabilities as of December 31, 2007 (2) Statement of Operations for the year ended December 31, 2007 (3) Statement of Changes in Net Assets for the years ended December 31, 2007 and 2006 (4) Notes to Financial Statements The consolidated financial statements and schedules of MetLife Insurance Company of Connecticut and subsidiaries and the report of Independent Registered Public Accounting Firm, are contained in the Statement of Additional Information. The consolidated financial statements of MetLife Insurance Company of Connecticut and subsidiaries include: (to be filed by amendment) (1) Consolidated Balance Sheets as of December 31, 2007 and 2006 (2) Consolidated Statements of Income for the years ended December 31, 2007, 2006 and 2005 (3) Consolidated Statements of Stockholder's Equity for the years ended December 31, 2007, 2006 and 2005 (4) Consolidated Statements of Cash Flows for the year ended December 31, 2007, 2006 and 2005 (5) Notes to Consolidated Financial Statements (6) Financial Statement Schedules (b) EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 1. Resolution of The Travelers Insurance Company Board of Directors authorizing the establishment of the Registrant. (Incorporated herein by reference to Exhibit 1 to the Registration Statement on Form N-4, File No. 333-82009, filed June 30, 1999.) 2. Not Applicable. 3(a). Distribution and Principal Underwriting Agreement among the Registrant, The Travelers Insurance Company and Travelers Distribution LLC. (.(Incorporated herein by reference to Exhibit c.1. to Post-Effective Amendment No. 3 to the Registration Statement on Form N-6, File No. 333-56952, filed February 7, 2003.) 3(b). Form of Selling Agreement. (Incorporated herein by reference to Exhibit 3(b) to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities to the Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 3(c) Agreement and Plan of Merger (10-26-06) (MLIDLLC into MLIDC). (Incorporated herein by reference to Exhibit 3(c) to Post-Effective Amendment No. 16 to MetLife of CT Fund ABD for Variable Annuities to the Registration Statement on Form N-4, File No. 033-65343/811-07465 filed April 4, 2007.) 3(d) Master Retail Sales Agreement (MLIDC). (Incorporated herein by reference to Exhibit 3(d) to Post-Effective Amendment No. 16 to MetLife of CT Fund ABD for Variable Annuities to the Registration Statement on Form N-4, File No. 033-65343/811-07465 filed April 4, 2007.) 3(e). Services Agreement between MetLife Investors Distribution Company and MetLife Insurance Company of Connecticut. (Incorporated herein by reference to Exhibit 3(e) to Post-Effective Amendment No. 15 to MetLife of CT Fund BD for Variable Annuities' Registration Statement on Form N-4, File Nos. 033-73466/811-08242, filed April 7, 2008.) 4(a). Form of Variable Annuity Contract. (Incorporated here in by reference to Exhibit 4 to the Registration Statement on Form N-4, File No. 333- 100435, filed October 9, 2002.) 4(b). Form of Guaranteed Minimum Withdrawal Rider. (Incorporated herein by reference to Exhibit 4 to Post-Effective Amendment No. 4 to the Registration Statement on Form N-4, file No. 333-101778, filed November 19, 2004.)
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 4(c). Company Name Change Endorsement The Travelers Insurance Company effective May 1, 2006. (Incorporated herein by reference to Exhibit 4(c) to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities to the Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 4(d). Roth 401 Endorsement. (Incorporated herein by reference to Exhibit 4(d) to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities to the Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 4(e). Roth 403(b) Endorsement. (Incorporated herein by reference to Exhibit 4(e) to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities to the Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 5(a). Application. (Incorporated herein by reference to Exhibit 9 to Post- Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-100435, filed February 28, 2003.) 5(b). Form of Variable Annuity Application. (Incorporated herein by reference to Exhibit 5 to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities to the Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 6(a). Charter of The Travelers Insurance Company, as amended on October 19, 1994. (Incorporated herein by reference to Exhibit 6(a) to the Registration Statement on Form N-4, File No. 333-40193, filed November 13, 1998.) 6(b). By-Laws of The Travelers Insurance Company, as amended on October 20, 1994. (Incorporated herein by reference to Exhibit 3(a)(ii) to Registration Statement on Form S-2, File No. 33-58677, filed via EDGAR on April 18, 1995.) 6(c). Certificate of Amendment of the Charter as Amended and Restated of The Travelers Insurance Company effective May 1, 2006. (Incorporated herein by reference to Exhibit 6(c) to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 7. Specimen Reinsurance Agreement. (Incorporated herein by reference to Exhibit 7 to Post-Effective Amendment No. 2 to the Registration Statement on Form N-4, File No. 333-65942, filed April 15, 2003.) 8(a). Form of Participation Agreement. (Incorporated herein by reference to Exhibit 8 to Post-Effective Amendment No. 8 to the Registration Statement on Form N-4, File No. 333-101778 filed April 21, 2005.) 8(b). Participation Agreement Among Metropolitan Series Fund, Inc., MetLife Advisers, LLC, Metropolitan Life Insurance Company, The Travelers Insurance Company and The Travelers Life and Annuity Company effective November 1, 2005. (Incorporated herein by reference to Exhibit 8(c) to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 8(c). Participation Agreement Among Met Investors Series Trust, Met Investors Advisory, LLC, MetLife Investors Distribution Company, The Travelers Insurance Company and The Travelers Life and Annuity Company effective November 1, 2005. (Incorporated herein by reference to Exhibit 8(c) to Post-Effective Amendment No. 14 to The Travelers Fund ABD for Variable Annuities Registration Statement on Form N-4, File No. 033-65343 filed April 5, 2006.) 9. Opinion of Counsel as to the legality of securities being registered. (Incorporated herein by reference to Exhibit 9 to Post-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-100435, filed February 28, 2003.) 10. Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm. Filed herewith. 11. Not applicable. 12. Not applicable. 13. Power of Attorney authorizing Michele H. Abate, John E. Connolly, Jr., James L. Lipscomb, Gina C. Sandonato, Myra L. Saul, and Marie C. Swift to act as signatory for Michael K. Farrell, William J. Mullaney, Lisa M. Weber, Stanley J. Talbi, and Joseph J. Prochaska, Jr. (Incorporated herein by reference to Exhibit 13. to the Registration Statement on Form N-4, File No. 333-100435, filed April 7, 2008.)
ITEM 25. DIRECTORS AND OFFICERS OF THE DEPOSITOR Principal Business Address: MetLife Insurance Company of Connecticut One Cityplace Hartford, CT 06103-3415
NAME AND PRINCIPAL POSITIONS AND OFFICES BUSINESS ADDRESS WITH INSURANCE COMPANY - -------------------------- --------------------------------------------------------------------- Michael K. Farrell Director and President 10 Park Avenue Morristown, NJ 07962 William J. Mullaney Director 1 Metlife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Lisa M. Weber Director 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Steven A. Kandarian Executive Vice President and Chief Investment Officer 10 Park Avenue Morristown, NJ 07962 James L. Lipscomb Executive Vice President and General Counsel 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Joseph J. Prochaska, Jr. Executive Vice President and Chief Accounting Officer 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Stanley J. Talbi Executive Vice President and Chief Financial Officer 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Gwenn L. Carr Senior Vice President and Secretary 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Eric T. Steigerwalt Senior Vice President and Treasurer 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 William D. Cammarata Senior Vice President 18210 Crane Nest Drive Tampa, FL 33647 Elizabeth M. Forget Senior Vice President 260 Madison Ave New York, NY 10016 Gene L. Lunman Senior Vice President 185 Asylum Street Hartford, CT 06103 Roberto Baron Vice President and Senior Actuary 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 S. Peter Headley Vice President and Assistant Secretary 3717 W. 100(th) Street Suite 700 Overland Park, KS 62210 Daniel D. Jordan Vice President and Assistant Secretary 501 Boylston Street Boston, MA 02116 Bennett D. Kleinberg Vice President and Actuary 185 Asylum Street Hartford, CT 06103
NAME AND PRINCIPAL POSITIONS AND OFFICES BUSINESS ADDRESS WITH INSURANCE COMPANY - -------------------------- --------------------------------------------------------------------- Christopher A. Kremer Vice President and Actuary 501 Boylston Street Boston, MA 02116 Paul L. LeClair Vice President and Actuary 501 Boylston Street Boston, MA 02116 Jonathan L. Rosenthal Vice President and Chief Hedging Officer 10 Park Avenue Morristown, NJ 07962 Patrick D. Studley Vice President and Actuary 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Jeffrey N. Altman Vice President 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Steven J. Brash Vice President 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Herbert B. Brown Vice President 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Vincent Cirulli Vice President 10 Park Avenue Morristown, NJ 07962 Deidre E. Curran Vice President 300 Davidson Ave. Somerset, NJ 08873 James R. Dingler Vice President 10 Park Avenue Morristown, NJ 07962 Judith A. Gulotta Vice President 10 Park Avenue Morristown, NJ 07962 Gregory M. Harrison Vice President 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 C. Scott Inglis Vice President 10 Park Avenue Morristown, NJ 07962 James W. Koeger Vice President 13045 Tesson Ferry Road St. Louis, MO 63128 Joseph J. Massimo Vice President 18210 Crane Nest Drive Tampa, FL 33647 Daniel A. O'Neill Vice President 8717 W. 110 th Street Suite 700 Overland Park, KS 62210
NAME AND PRINCIPAL POSITIONS AND OFFICES BUSINESS ADDRESS WITH INSURANCE COMPANY - -------------------------- --------------------------------------------------------------------- Mark S. Reilly Vice President 185 Asylum Street Hartford, CT 06103 Mark J. Remington Vice President 185 Asylum Street Hartford, CT 06103 Ragai A. Roushdy Vice President 10 Park Avenue Morristown, NJ 07962 Kevin M. Thorwarth Vice President 10 Park Avenue Morristown, NJ 07962 Mark. H. Wilsmann Vice President 10 Park Avenue Morristown, NJ 07962
ITEM 26. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR REGISTRANT The Registrant is a separate account of MetLife Insurance Company of Connecticut under Connecticut insurance law. The Depositor is a wholly owned subsidiary of MetLife, Inc., a publicly traded company. No person is controlled by the Registrant. The following outline indicates those entities that are controlled by MetLife, Inc. or are under the common control of MetLife, Inc. No person is controlled by the Registrant. ORGANIZATIONAL STRUCTURE OF METLIFE, INC. AND SUBSIDIARIES AS OF MARCH 31, 2008 The following is a list of subsidiaries of MetLife, Inc. updated as of March 31, 2008. Those entities which are listed at the left margin (labeled with capital letters) are direct subsidiaries of MetLife, Inc. Unless otherwise indicated, each entity which is indented under another entity is a subsidiary of that other entity and, therefore, an indirect subsidiary of MetLife, Inc. Certain inactive subsidiaries have been omitted from the MetLife, Inc. organizational listing. The voting securities (excluding directors' qualifying shares, (if any)) of the subsidiaries listed are 100% owned by their respective parent corporations, unless otherwise indicated. The jurisdiction of domicile of each subsidiary listed is set forth in the parenthetical following such subsidiary. A. MetLife Group, Inc. (NY) B. MetLife Bank National Association (USA) C. Exeter Reassurance Company, Ltd. (Bermuda) D. MetLife Taiwan Insurance Company Limited (Taiwan) E. Metropolitan Tower Life Insurance Company (DE) 1. TH Tower NGP, LLC (DE) 2. Partners Tower, L.P. (DE) - a 99% limited partnership interest of Partners Tower, L.P. is held by Metropolitan Tower Life Insurance Company and 1% general partnership interest is held by TH Tower NGP, LLC (DE) 3. TH Tower Leasing, LLC (DE) 4. MetLife Reinsurance Company of Charleston (SC) 5. MetLife Reinsurance Company of Vermont (VT) 6. EntreCap Real Estate II LLC (DE) a) PREFCO Dix-Huit LLC (CT) b) PREFCO X Holdings LLC (CT) c) PREFCO Ten Limited Partnership (CT) - a 99.9% limited partnership interest of PREFCO Ten Limited Partnership is held by EntreCap Real Estate II LLC and 0.1% general partnership is held by PREFCO X Holdings LLC. d) PREFCO Vingt LLC (CT) e) PREFCO Twenty Limited Partnership (CT) - a 99% limited partnership interest of PREFCO Twenty Limited Partnership is held by EntreCap Real Estate II LLC and 1% general partnership is held by PREFCO Vingt LLC. 7. Plaza Drive Properties, LLC (DE) 8. MTL Leasing, LLC (DE) a) PREFCO IX Realty LLC (CT) b) PREFCO XIV Holdings LLC (CT) c) PREFCO Fourteen Limited Partnership (CT) - a 99.9% limited partnership interest of PREFCO Fourteen Limited Partnership is held by MTL Leasing, LLC and 0.1% general partnership is held by PREFCO XIV Holdings LLC. F. MetLife Pensiones Mexico S.A. (Mexico)- 97.4738% is owned by MetLife, Inc. and 2.5262% is owned by MetLife International Holdings, Inc. G. MetLife Chile Inversiones Limitada (Chile)- 99.9999999% is owned by MetLife, Inc. and 0.0000001% is owned by Natiloportem Holdings, Inc. 1. MetLife Chile Seguros de Vida S.A. (Chile)- 99.99% is owned by MetLife Chile Inversiones Limitada and 0.01% is owned by MetLife International Holdings, Inc. a) MetLife Chile Administradora de Mutuos Hipotecarios S.A. (Chile)- 99.99% is owned by MetLife Chile Seguros de Vida S.A. and 0.01% is owned by MetLife Chile Inversiones Limitada. H. MetLife Mexico S.A. (Mexico)- 98.70541% is owned by MetLife, Inc., 1.29459% is owned by MetLife International Holdings, Inc. 1. MetLife Afore, S.A. de C.V. (Mexico)- 99.99% is owned by MetLife Mexico S.A. and 0.01% is owned by MetLife Pensiones Mexico S.A. a) Met1 SIEFORE, S.A. de C.V. (Mexico)- 99.99% is owned by MetLife Afore, S.A. de C.V. and 0.01% is owned by MetLife Mexico S.A. b) Met2 SIEFORE, S.A. de C.V. (Mexico)- 99.99% is owned by MetLife Afore, S.A. de C.V. and 0.01% is owned by MetLife Mexico S.A. c) MetA SIEFORE Adicional, S.A. de C.V. (Mexico)- 99.99% is owned by MetLife Afore, S.A. de C.V. and .01% is owned by MetLife Mexico S.A. d) Met3 SIEFORE Basica, S.A. de C.V. (Mexico) - 99.99% is owned by MetLife Afore, S.A. de C.V. and .01% is owned by MetLife Mexico S.A. e) Met4 SIEFORE, S.A. de C.V. (Mexico) - 99.99% is owned by MetLife Afore, S.A. de C.V. and .01% is owned by MetLife Mexico S.A. f) Met5 SIEFORE, S.A. de C.V. (Mexico) - 99.99% is owned by MetLife Afore, S.A. de C.V. and .01% is owned by MetLife Mexico S.A. 2. ML Capacitacion Comercial S.A. de C.V. (Mexico) - 99% is owned by MetLife Mexico S.A. and 1% is owned by MetLife Mexico Cares, S.A. de C.V. I. MetLife Mexico Servicios, S.A. de C.V. (Mexico)- 98% is owned by MetLife, Inc. and 2% is owned by MetLife International Holdings, Inc. J. Metropolitan Life Seguros de Vida S.A. (Uruguay) K. MetLife Securities, Inc. (DE) L. Enterprise General Insurance Agency, Inc. (DE) 1. MetLife General Insurance Agency of Texas, Inc. (DE) 2. MetLife General Insurance Agency of Massachusetts, Inc. (MA) 1 M. Metropolitan Property and Casualty Insurance Company (RI) 1. Metropolitan General Insurance Company (RI) 2. Metropolitan Casualty Insurance Company (RI) 3. Metropolitan Direct Property and Casualty Insurance Company (RI) 4. Met P&C Managing General Agency, Inc. (TX) 5. MetLife Auto & Home Insurance Agency, Inc. (RI) 6. Metropolitan Group Property and Casualty Insurance Company (RI) a) Metropolitan Reinsurance Company (U.K.) Limited (United Kingdom) 7. Metropolitan Lloyds, Inc. (TX) a) Metropolitan Lloyds Insurance Company of Texas (TX)- Metropolitan Lloyds Insurance Company of Texas, an affiliated association, provides automobile, homeowner and related insurance for the Texas market. It is an association of individuals designated as underwriters. Metropolitan Lloyds, Inc., a subsidiary of Metropolitan Property and Casualty Insurance Company, serves as the attorney-in-fact and manages the association. 8. Economy Fire & Casualty Company (IL) a) Economy Preferred Insurance Company (IL) b) Economy Premier Assurance Company (IL) N. Cova Corporation (MO) 1. Texas Life Insurance Company (TX) 2. Cova Life Management Company (DE) O. MetLife Investors Insurance Company (MO) P. First MetLife Investors Insurance Company (NY) Q. Walnut Street Securities, Inc. (MO) R. Newbury Insurance Company, Limited (BERMUDA) S. MetLife Investors Group, Inc. (DE) 1. MetLife Investors Distribution Company (MO) 2. Met Investors Advisory, LLC (DE) 3. MetLife Investors Financial Agency, Inc. (TX) 2 T. MetLife International Holdings, Inc. (DE) 1. MetLife Mexico Cares, S.A. de C.V. (Mexico) a) Fundacion MetLife Mexico, A.C. (Mexico) 2. Natiloportem Holdings, Inc. (DE) a) Servicios Administrativos Gen, S.A. de C.V. (Mexico) (1) MLA Comercial, S.A. de C.V. (Mexico) 99% is owned by Servicios Administrativos Gen, S.A. de C.V. and 1% is owned by MetLife Mexico Cares, S.A. de C.V. (2) MLA Servicios, S.A. de C.V. (Mexico) 99% is owned by Servicios Administrativos Gen, S.A. de C.V. and 1% is owned by MetLife Mexico Cares, S.A. de C.V. 3. MetLife India Insurance Company Private Limited (India)- 26% is owned by MetLife International Holdings, Inc. and 74% is owned by third parties. 4. Metropolitan Life Insurance Company of Hong Kong Limited (Hong Kong)- 99.99913% is owned by MetLife International Holdings, Inc. and 0.00087% is owned by Natiloporterm Holdings, Inc. 5. Metropolitan Life Seguros de Retiro S.A. (Argentina)- 95.23% is owned by MetLife International Holdings, Inc. and 4.77% is owned by Natiloportem Holdings, Inc. 6. MetLife Seguros de Vida S.A. (Argentina)- 95.2499% is owned by MetLife International Holdings, Inc. and 4.7473% is owned by Natiloportem Holdings, Inc. 7. MetLife Insurance Company of Korea Limited (South Korea)- 16.49% of MetLife Insurance Company of Korea Limited is owned by MetLife, Mexico, S.A. and 83.51% is owned by Metlife International Holdings, Inc. 8. Metropolitan Life Seguros e Previdencia Privada S.A. (Brazil)- 66.6617540% is owned by MetLife International Holdings, Inc. and 33.3382457% is owned by MetLife Worldwide Holdings, Inc. and 0.0000003% is owned by Natiloportem Holdings, Inc. 9. MetLife Global, Inc. (DE) 10. MetLife Administradora de Fundos Multipatrocinados Ltda (Brazil) - 95.4635% is owned by MetLife International Holdings, Inc. and 4.5364% is owned by Natiloportem Holdings, Inc. 11. MetLife Insurance Limited (United Kingdom) 12. MetLife General Insurance Limited (Australia) 13. MetLife Limited (United Kingdom) 14. MetLife Insurance S.A./NV (Belgium) - 99.9% is owned by MetLife International Holdings, Inc. and 0.1% is owned by third parties. 15. MetLife Services Limited (United Kingdom) 16. MetLife Insurance Limited (Australia) a) MetLife Insurance and Investment Trust (Australia) b) MetLife Investments Pty Limited (Australia) c) MetLife Services (Singapore) PTE Limited (Australia) 17. Siembra Seguros de Retiro S.A. (Argentina) - 96.8819% is owned by MetLife International Holdings, Inc. and 3.1180% is owned by Natiloportem Holdings, Inc. 18. Best Market S.A. (Argentina) - 5% of the shares are held by Natiloportem Holdings, Inc. and 94.9999% is owned by MetLife International Holdings Inc. 19. Compania Previsional MetLife S.A. (Brazil) - 95.4635% is owned by MetLife International Holdings, Inc. and 4.5364% is owned by Natiloportem Holdings, Inc. (a) Met AFJP S.A. (Argentina) - 75.4088% of the shares of Met AFJP S.A. are held by Compania Previsional MetLife SA, 19.5912% is owned by MetLife Seguros de Vida SA, 3.9689% is held by Natiloportem Holdings, Inc. and 1.0310% is held by Metropolitan Life Seguros de Retiro SA. 20. MetLife Worldwide Holdings, Inc. (DE) a) MetLife Towarzystwo Ubezpieczen na Zycie Spolka Akcyjna. (Poland) b) MetLife Direct Co., Ltd. (Japan) c) MetLife Limited (Hong Kong) U. Metropolitan Life Insurance Company (NY) 1. 334 Madison Euro Investments, Inc. (DE) a) Park Twenty Three Investments Company (United Kingdom)- 1% voting control of Park Twenty Three Investments Company is held by St. James Fleet Investments Two Limited. 1% of the shares of Park Twenty Three Investments Company is held by Metropolitan Life Insurance Company. 99% is owned by 334 Madison Euro Investment, Inc. (1) Convent Station Euro Investments Four Company (United Kingdom)- 1% voting control of Convent Station Euro Investments Four Company is held by 334 Madison Euro Investments, Inc. as nominee for Park Twenty Three Investments Company. 99% is owned by Park Twenty Three Investments Company. 2. St. James Fleet Investments Two Limited (Cayman Islands)- 34% of the shares of St. James Fleet Investments Two Limited is held by Metropolitan Life Insurance Company. 3. One Madison Investments (Cayco) Limited (Cayman Islands)- 10.1% voting control of One Madison Investments (Cayco) Limited is held by Convent Station Euro Investments Four Company. 89.9% of the shares of One Madison Investments (Cayco) Limited is held by Metropolitan Life Insurance Company. 4. CRB Co, Inc. (MA)- AEW Real Estate Advisors, Inc. holds 49,000 preferred non-voting shares and AEW Advisors, Inc. holds 1,000 preferred non-voting shares of CRB, Co., Inc. 5. GA Holding Corp. (MA) 3 6. Thorngate, LLC (DE) 7. Alternative Fuel I, LLC (DE) 8. Transmountain Land & Livestock Company (MT) 9. MetPark Funding, Inc. (DE) 10. HPZ Assets LLC (DE) 11. Missouri Reinsurance (Barbados), Inc. (Barbados) 12. Metropolitan Tower Realty Company, Inc. (DE) a) Midtown Heights, LLC (DE) 13. MetLife Real Estate Cayman Company (Cayman Islands) 14. Metropolitan Marine Way Investments Limited (Canada) 15. MetLife Private Equity Holdings, LLC (DE) 16. 23rd Street Investments, Inc. (DE) a) Mezzanine Investment Limited Partnership-BDR (DE)- 1% General Partnership interest is held by 23rd Street Investments, Inc., 99% Limited Partnership Interest is held by Metropolitan Life Insurance Company. b) Mezzanine Investment Limited Partnership-LG (DE)- 1% General Partnership interest is held by 23rd Street Investments, Inc., 99% Limited Partnership Interest is held by Metropolitan Life Insurance Company. c) MetLife Capital Credit L.P. (DE)- 1% General Partnership interest is held by 23rd Street Investments, Inc., 99% Limited Partnership Interest is held by Metropolitan Life Insurance Company. d) MetLife Capital Limited Partnership (DE)- 1% General Partnership interest is held by 23rd Street Investments, Inc., 99% Limited Partnership Interest is held by Metropolitan Life Insurance Company. 17. Metropolitan Realty Management, Inc. (DE) 18. Hyatt Legal Plans, Inc. (DE) a) Hyatt Legal Plans of Florida, Inc. (FL) 19. MetLife Holdings, Inc. (DE) a) MetLife Credit Corp. (DE) b) MetLife Funding, Inc. (DE) 4 20. Bond Trust Account A (MA) 21. MetLife Investments Asia Limited (Hong Kong). 22. MetLife Investments Limited (United Kingdom)- 23rd Street Investments, Inc. holds one share of MetLife Investments Limited. 23. MetLife Latin America Asesorias e Inversiones Limitada (Chile)- 23rd Street Investments, Inc. holds 0.01% of MetLife Latin America Asesorias e Inversiones Limitada. 24. New England Life Insurance Company (MA) a) MetLife Advisers, LLC (MA) b) New England Securities Corporation (MA) 25. GenAmerica Financial, LLC (MO) a) GenAmerica Capital I (DE) b) General American Life Insurance Company (MO) (1) GenAmerica Management Corporation (MO) 5 (2) Reinsurance Group of America, Incorporated (MO) - 52% is owned by General American Life Insurance Company. (a) Reinsurance Company of Missouri, Incorporated (MO) (i) Timberlake Financial, L.L.C. (DE) (A) Timberlake Reinsurance Company II (SC) (ii) RGA Reinsurance Company (MO) (A) Reinsurance Partners, Inc. (MO) (iii) Parkway Reinsuarnce Company (MO) (b) RGA Worldwide Reinsurance Company, Ltd. (Barbados) (c) RGA Atlantic Reinsurance Company, Ltd. (Barbados) (d) RGA Americas Reinsurance Company, Ltd. (Barbados) (e) RGA Reinsurance Company (Barbados) Ltd. (Barbados) (i) RGA Financial Group, L.L.C. (DE)- 80% is owned by RGA Reinsurance Company (Barbados) Ltd. RGA Reinsurance Company also owns a 20% non-equity membership in RGA Financial Group, L.L.C. (f) RGA Life Reinsurance Company of Canada (Canada) (g) RGA International Corporation (Nova Scotia/Canada) (h) RGA Holdings Limited (U.K.) (United Kingdom) (i) RGA UK Services Limited (United Kingdom) (ii) RGA Capital Limited U.K. (United Kingdom) (iii) RGA Reinsurance (UK) Limited (United Kingdom) (iv) RGA Services India Private Limited (India) - Reinsurance Group of America, Incorporated owns 99% of RGA Services India Private Limited and RGA Holdings Limited owns 1%. (i) RGA South African Holdings (Pty) Ltd. (South Africa) (i) RGA Reinsurance Company of South Africa Limited (South Africa) (j) RGA Australian Holdings PTY Limited (Australia) (i) RGA Reinsurance Company of Australia Limited (Australia) (ii) RGA Asia Pacific PTY, Limited (Australia) (k) General American Argentina Seguros de Vida, S.A. (Argentina) - 95% of General American Argentina Seguros de Vida, S.A. is owned by Reinsurance Group of America, Incorporated and 5% is owned by RGA Reinsurance Company (Barbados) Ltd. 6 (l) RGA Technology Partners, Inc. (MO) (m) RGA International Reinsurance Company (Ireland) (n) RGA Capital Trust I (DE) (o) RGA Global Reinsurance Company, Ltd. (Bermuda) 26. Corporate Real Estate Holdings, LLC (DE) 27. Ten Park SPC (CAYMAN ISLANDS ) - 1% voting control of Ten Park SPC is held by 23rd Street Investments, Inc. 28. MetLife Tower Resources Group, Inc. (DE) 29. Headland - Pacific Palisades, LLC (CA) 30. Headland Properties Associates (CA) - 1% is owned by Headland - Pacific Palisades, LLC and 99% is owned by Metropolitan Life Insurance Company. 31. Krisman, Inc. (MO) 32. Special Multi-Asset Receivables Trust (DE) 33. White Oak Royalty Company (OK) 34. 500 Grant Street GP LLC (DE) 35. 500 Grant Street Associates Limited Partnership (CT) - 99% of 500 Grant Street Associates Limited Partnership is held by Metropolitan Life Insurance Company and 1% by 500 Grant Street GP LLC 36. MetLife Canada/MetVie Canada (Canada) 37. MetLife Retirement Services LLC (NJ) a) MetLife Investment Funds Services LLC (NJ) (i) MetLife Investment Funds Management LLC (NJ) (ii) MetLife Associates LLC (DE) 38. Euro CL Investments LLC (DE) 39. MEX DF Properties, LLC (DE) 40. MSV Irvine Property, LLC (DE) - 4% of MSV Irvine Property, LLC is owned by Metropolitan Tower Realty Company, Inc. and 96% is owned by Metropolitan Life Insurance Company 41. MetLife Properties Ventures, LLC (DE) a) Citypoint Holdings II Limited (UK) 42. Housing Fund Manager, LLC (DE) a) MTC Fund I, LLC (DE) 0.01% of MTC Fund I, LLC is held by Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the managing member LLC and the remaining interests are held by a third party member. b) MTC Fund II, LLC (DE) - 0.01% of MTC Fund I, LLC is held by Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the managing member LLC and the remaining interests are held by a third party member. c) MTC Fund III, LLC (DE) - 0.01% of MTC Fund I, LLC is held by Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the managing member LLC and the remaining interests are held by a third party member. 43. MLIC Asset Holdings, LLC (DE) V. MetLife Capital Trust II (DE) W. MetLife Capital Trust III (DE) X. MetLife Capital Trust IV (DE) Y. MetLife Insurance Company of Connecticut (CT) - 86.72% is owned by MetLife, Inc. and 13.28% is owned by MetLife Investors Group, Inc. 1. MetLife Property Ventures Canada ULC (Canada) 2. Pilgrim Investments Oakmont Lane, LLC (DE) - 50% is owned by MetLife Insurance Company of Connecticut. 3. Pilgrim Alternative Investments Opportunity Fund I, LLC (DE) - 67% is owned by MetLife Insurance Company of Connecticut, and 33% is owned by third party. 4. Pilgrim Alternative Investments Opportunity Fund III Associates, LLC (CT) - 67% is owned by MetLife Insurance Company of Connecticut, and 33% is owned by third party. 5. Pilgrim Investments Highland Park, LLC (DE) 6. Metropolitan Connecticut Properties Ventures, LLC (DE) 7. MetLife Canadian Property Ventures LLC (NY) 8. Euro TI Investments LLC (DE) 9. Greenwich Street Investments, LLC (DE) a) Greenwich Street Capital Offshore Fund, Ltd. (Virgin Islands) b) Greenwich Street Investments, L.P. (DE) 10. Hollow Creek, L.L.C. (CT) 11. One Financial Place Corporation (DE) - 100% is owned in the aggregate by MetLife Insurance Company of Connecticut. 12. One Financial Place Holdings, LLC (DE)-100% is owned in the aggregate by MetLife Insurance Company of Connecticut. 13. Plaza LLC (CT) a) Tower Square Securities, Inc. (CT) 1) Tower Square Securities Insurance Agency of New Mexico, Inc. (NM) 2) Tower Square Securities Insurance Agency of Ohio, Inc. (OH) 99% is owned by Tower Square Securities, Inc. 14. TIC European Real Estate LP, LLC (DE) 15. MetLife European Holdings, Inc. (UK) a) MetLife Europe Limited (IRELAND) (i) MetLife Pensions Trustees Limited (UK) b) MetLife Assurance Limited (UK) 16. Travelers International Investments Ltd. (Cayman Islands) 17. Euro TL Investments LLC (DE) 18. Corrigan TLP LLC (DE) 19. TLA Holdings LLC (DE) a) The Prospect Company (DE) 1) Panther Valley, Inc. (NJ) 20. TRAL & Co. (CT) - TRAL & Co. is a general partnership. Its partners are MetLife Insurance Company of Connecticut and Metropolitan Life Insurance Company. 21. Tribeca Distressed Securities, L.L.C. (DE) 22. MetLife Investors USA Insurance Comapny (DE) Z. MetLife Reinsurance Company of South Carolina (SC) AA. MetLife Investment Advisors Company, LLC (DE) BB. MetLife Standby I, LLC (DE) 1. MetLife Exchange Trust I (DE) CC. MetLife Services and Solutions, LLC (DE) 1. MetLife Solutions Pte. Ltd. (Singapore) (i) MetLife Services East Private Limited (India) DD. Safeguard Health Enterprises, Inc. (DE) 1. Safeguard Dental Services, Inc. (DE) 2. Safeguard Health Plans, Inc. (CA) 3. SafeHealth Life Insurance Company (CA) 4. Safeguard Health Plans, Inc. (FL) 5. Safeguard Health Plans, Inc. (NV) 6. Safeguard Health Plans, Inc. (TX) EE. MetLife Capital Trust X (DE) The voting securities (excluding directors' qualifying shares, if any) of each subsidiary shown on the organizational chart are 100% owned by their respective parent corporation, unless otherwise indicated. In addition to the entities shown on the organizational chart, MetLife, Inc. (or where indicated, a subsidiary) also owns interests in the following entities: 1) Metropolitan Life Insurance Company owns varying interests in certain mutual funds distributed by its affiliates. These ownership interests are generally expected to decrease as shares of the funds are purchased by unaffiliated investors. 2) Metropolitan Life Insurance Company indirectly owns 100% of the non-voting preferred stock of Nathan and Lewis Associates Ohio, Incorporated, an insurance agency. 100% of the voting common stock of this company is held by an individual who has agreed to vote such shares at the direction of N.L. HOLDING CORP. (DEL), a direct wholly owned subsidiary of MetLife, Inc. 3) Mezzanine Investment Limited Partnerships ("MILPs"), Delaware limited partnerships, are investment vehicles through which investments in certain entities are held. A wholly owned subsidiary of Metropolitan Life Insurance Company serves as the general partner of the limited partnerships and Metropolitan Life Insurance Company directly owns a 99% limited partnership interest in each MILP. The MILPs have various ownership and/or debt interests in certain companies. 4) The Metropolitan Money Market Pool and MetLife Intermediate Income Pool are pass-through investment pools, of which Metropolitan Life Insurance Company and/or its subsidiaries and/or affiliates are general partners. NOTE: THE METLIFE, INC. ORGANIZATIONAL CHART DOES NOT INCLUDE REAL ESTATE JOINT - ---- VENTURES AND PARTNERSHIPS OF WHICH METLIFE, INC. AND/OR ITS SUBSIDIARIES IS AN INVESTMENT PARTNER. IN ADDITION, CERTAIN INACTIVE SUBSIDIARIES HAVE ALSO BEEN OMITTED. 7 ITEM 27. NUMBER OF CONTRACT OWNERS As of April 30, 2008, there were 48 qualified contracts and 158 non-qualified contracts of Vintage Access; there were 116 qualified contracts and 241 non- qualified contracts of Portfolio Architect Access; there were 15 qualified contracts and 40 non-qualified contracts of Scudder Advocate Advisor; and there was 1 qualified and 3 non-qualified contracts of Scudder Advocate Advisor-ST1 offered by the Registrant. ITEM 28. INDEMNIFICATION The Depositor's parent, MetLife, Inc. has secured a Financial Institutions Bond in the amount of $50,000,000, subject to a $5,000,000 deductible. MetLife, Inc. also maintains a Directors and Officers Liability and Corporate Reimbursement Insurance Policy with limits of $400 million under which the Depositor and MetLife Investors Distribution Company, the Registrant's underwriter (the "Underwriter"), as well as certain other subsidiaries of MetLife are covered. A provision in MetLife, Inc.'s by-laws provides for the indemnification (under certain circumstances) of individuals serving as directors or officers of certain organizations, including the Depositor and the Underwriter. Sections 33-770 to 33-778, inclusive of the Connecticut General Statutes ("C.G.S.") regarding indemnification of directors and officers of Connecticut corporations provides in general that Connecticut corporations shall indemnify their officers, directors and certain other defined individuals against judgments, fines, penalties, amounts paid in settlement and reasonable expenses actually incurred in connection with proceedings against the corporation. The corporation's obligation to provide such indemnification generally does not apply unless (1) the individual is wholly successful on the merits in the defense of any such proceeding; or (2) a determination is made (by persons specified in the statute) that the individual acted in good faith and in the best interests of the corporation and in all other cases, his conduct was at least not opposed to the best interests of the corporation, and in a criminal case he had no reasonable cause to believe his conduct was unlawful; or (3) the court, upon application by the individual, determines in view of all of the circumstances that such person is fairly and reasonably entitled to be indemnified, and then for such amount as the court shall determine. With respect to proceedings brought by or in the right of the corporation, the statute provides that the corporation shall indemnify its officers, directors and certain other defined individuals, against reasonable expenses actually incurred by them in connection with such proceedings, subject to certain limitations. C.G.S. Section 33-778 provides an exclusive remedy; a Connecticut corporation cannot indemnify a director or officer to an extent either greater or less than that authorized by the statute, e.g., pursuant to its certificate of incorporation, by-laws, or any separate contractual arrangement. However, the statute does specifically authorize a corporation to procure indemnification insurance to provide greater indemnification rights. The premiums for such insurance may be shared with the insured individuals on an agreed basis. 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 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. ITEM 29. PRINCIPAL UNDERWRITER (a) MetLife Investors Distribution Company 5 Park Plaza, Suite 1900 Irvine, CA 92614 MetLife Investors Distribution Company also serves as principal underwriter and distributor for the following investment companies (other than the Registrant): MetLife of CT Separate Account QPN for Variable Annuities MetLife of CT Fund UL for Variable Life Insurance, MetLife of CT Fund UL III for Variable Life Insurance Metropolitan Life Variable Annuity Separate Account I Metropolitan Life Variable Annuity Separate Account II Met Investors Series Trust MetLife Investors Variable Annuity Account One MetLife Investors Variable Annuity Account Five MetLife Investors Variable Life Account One MetLife Investors Variable Life Account Five MetLife Investors USA Separate Account A MetLife Investors USA Variable Life Account A First MetLife Investors Variable Annuity Account One General American Separate Account Eleven General American Separate Account Twenty-Eight General American Separate Account Twenty-Nine General American Separate Account Two Security Equity Separate Account Twenty-Six Security Equity Separate Account Twenty-Seven Metropolitan Life Separate Account E Metropolitan Life Separate Account UL Metropolitan Tower Life Separate Account One Metropolitan Tower Life Separate Account Two Paragon Separate Account A Paragon Separate Account B Paragon Separate Account C Paragon Separate Account D Metropolitan Series Fund, Inc. (b) MetLife Investors Distribution Company is the principal underwriter for the Contracts. The following persons are officers and managers of MetLife Investors Distribution Company. The principal business address for MetLife Investors Distribution Company is 5 Park Plaza, Suite 1900, Irvine, CA 92614.
NAME AND PRINCIPAL POSITIONS AND OFFICES BUSINESS ADDRESS WITH UNDERWRITER - -------------------------- --------------------------------------------------------------------- Michael K. Farrell Director 10 Park Avenue Morristown, NJ 07962 Craig W. Markham Director and Vice President 13045 Tesson Ferry Road St. Louis, MO 63128 William J. Toppeta Director 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Paul A. Sylvester President, National Sales Manager- Annuities & LTC 10 Park Avenue Morristown, NJ 07962 Elizabeth M. Forget Executive Vice President, Investment Fund Management & Marketing 260 Madison Avenue New York, NY 10016 Paul A. LaPiana Executive Vice President, National Sales Manager-Life 5 Park Plaza Suite 1900 Irvine, CA 92614 Richard C. Pearson Executive Vice President, General Counsel and Secretary 5 Park Plaza Suite 1900 Irvine, CA 92614 Andrew Aiello Senior Vice President, Channel Head-National Accounts 5 Park Plaza Suite 1900 Irvine, CA 92614 Jeffrey A. Barker Senior Vice President, Channel Head-Independent Accounts 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Douglas P. Rodgers Senior Vice President, Channel Head-LTC 10 Park Avenue Morristown, NJ 07962 Myrna F. Solomon Senior Vice President, Channel Head-Banks 501 Boylston Street Boston, MA 02116 Leslie Sutherland Senior Vice President, Channel Head-Broker/Dealers 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 John C. Kennedy Senior Vice President, Channel Head-Wirehouse 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Curtis Wohlers Senior Vice President, Channel Head-Planners 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Jay S. Kaduson Senior Vice President 10 Park Avenue Morristown, NJ 07962
NAME AND PRINCIPAL POSITIONS AND OFFICES BUSINESS ADDRESS WITH UNDERWRITER - -------------------------- --------------------------------------------------------------------- Eric T. Steigerwalt Treasurer 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Peter Gruppuso Vice President, Chief Financial Officer 485-E US Highway 1 South Iselin, NJ 08830 Debora L. Buffington Vice President, Director of Compliance 5 Park Plaza Suite 1900 Irvine, CA 92614 David DeCarlo Vice President 5 Park Plaza Suite 1900 Irvine, CA 92614 Charles M. Deuth Vice President, National Accounts 1 MetLife Plaza 27-01 Queens Plaza North Long Island City, NY 11101 Paul M. Kos Vice President 5 Park Plaza Suite 1900 Irvine, CA 92614 Deron J. Richens Vice President 5 Park Plaza Suite 1900 Irvine, CA 92614 Cathy Sturdivant Vice President 5 Park Plaza Suite 1900 Irvine, CA 92614 Paulina Vakouros Vice President 260 Madison Avenue New York, NY 10016
(c) Compensation from the Registrant. The following commissions and other compensation were received by the Distributor, directly or indirectly, from the Registrant during the Registrant's last fiscal year:
(2) NET (1) UNDERWRITING (3) (4) (5) NAME OF PRINCIPAL DISCOUNTS AND COMPENSATION ON BROKERAGE OTHER UNDERWRITER COMMISSIONS REDEMPTION COMMISSIONS COMPENSATION ----------------- --------------- --------------- --------------- --------------- MetLife Investors.......................... $128,299,602 $0 $0 $0 Distribution Company
ITEM 30. LOCATION OF ACCOUNTS AND RECORDS METLIFE INSURANCE COMPANY OF CONNECTICUT ONE CITYPLACE HARTFORD, CONNECTICUT 06103-3415 ITEM 31. MANAGEMENT SERVICES Not Applicable. ITEM 32. UNDERTAKINGS The undersigned Registrant hereby undertakes: (a) To file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than sixteen months old for so long as payments under the variable annuity contracts may be accepted; (b) To include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information; and (c) 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. The MetLife Insurance Company of Connecticut hereby represents: (a) That the aggregate charges under the Contracts of the Registrant described herein are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by MetLife Insurance Company of Connecticut. SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant has caused this Registration Statement to be signed on its behalf, in the City of Morristown, and State of New Jersey, on this 9th day of July 2008. METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES (Registrant) METLIFE INSURANCE COMPANY OF CONNECTICUT (Depositor) By: /s/ MICHAEL K. FARRELL ------------------------------------ Michael K. Farrell, President As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on the 9th day of July 2008.
/s/ *MICHAEL K. FARRELL President and Director - ----------------------------------------------- (Michael K. Farrell) /s/ *STANLEY J. TALBI Executive Vice President and Chief Financial - ----------------------------------------------- Officer (Stanley J. Talbi) /s/ *JOSEPH J. PROCHASKA, JR. Executive Vice President and Chief - ----------------------------------------------- Accounting Officer (Joseph J. Prochaska, Jr.) /s/ *WILLIAM J. MULLANEY Director - ----------------------------------------------- (William J. Mullaney) /s/ *LISA M. WEBER Director - ----------------------------------------------- (Lisa M. Weber)
By: /s/ MICHELE H. ABATE ------------------------------------ Michele H. Abate, Attorney-in-Fact * MetLife Insurance Company of Connecticut. Executed by Michele H. Abate on behalf of those indicated pursuant to powers of attorney filed herewith. EXHIBIT INDEX 13 Powers of Attorney
EX-99.(R) 2 y60969a1exv99wxry.txt POWERS OF ATTORNEY MetLife Insurance Company of Connecticut Power of Attorney Michael K. Farrell President and Director KNOW ALL MEN BY THESE PRESENTS, that I, Michael K. Farrell, President and a director of MetLife Insurance Company of Connecticut, a Connecticut company, do hereby appoint Michele H. Abate, Paul G. Cellupica, John E. Connolly, Jr., James L. Lipscomb, Gina C. Sandonato, Myra L. Saul and Marie C. Swift, and each of them severally, my true and lawful attorney-in-fact, for me and in my name, place and stead to execute and file any instrument or document to be filed as part of or in connection with or in any way related to the Registration Statements and any and all amendments thereto, filed by said Company under the Securities Act of 1933 and/or the Investment Company Act of 1940, in connection with: - - MetLife of CT Separate Account Eleven for Variable Annuities (Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity File No. 333-101778), - - MetLife of CT Separate Account QPN for Variable Annuities (MetLife Retirement Perspectives File No. 333-141941, Unallocated Group Variable Annuity File No. 333-136191), - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife and Invest File No. 002-88637, MetLife Variable Survivorship Life File No. 333-69771, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2 File No. 333-96515, MetLife Variable Life File No. 333-96519, MetLife Variable Survivorship Life II File No. 333-56952, MetLife Variable Life Accumulator- Series III File No. 333-113109), - - MetLife of CT Fund UL III for Variable Life Insurance (Corporate Owned Variable Universal Life Series 1 and Series 2 File No. 333-71349, Corporate Owned Variable Universal Life 2000 and Corporate Owned Variable Universal Life III File No. 333-94779, Corporate Benefit Life File No. 333-64364, Corporate Select Policy File No. 333-105335, Corporate Owned Variable Universal Life IV File No. 333-113533), and in connection with the combination of separate accounts with and into the MetLife of CT Separate Account Eleven for Variable Annuities on or about October 13, 2008: MetLife of CT Separate Account Eleven for Variable Annuities (Premier Advisers II Annuity, Premier Advisers III and Premier Advisers III Annuity (Series II), Portfolio Architect Annuity, Portfolio Architect Select Annuity, Premier Advisers Annuity (Class I), Premier Advisers Annuity (Class II), MetLife Access Annuity and MetLife Access Select Annuity, Vintage Annuity, Protected Equity Portfolio Annuity, Index Annuity, Vintage XTRA Annuity, Portfolio Architect XTRA Annuity, Vintage XTRA Annuity (Series II), Universal Annuity, Universal Select Annuity, Universal Annuity Advantage, MetLife Retirement Account Annuity, Premier Advisers AssetManager Annuity, Premier Advisers L Annuity, Premier Advisers L Annuity (Series II), Vintage II Annuity and Vintage II Annuity (Series II), Vintage 3 Annuity, Portfolio Architect 3 Annuity, Portfolio Architect L Annuity, Vintage L Annuity, Pioneer AnnuiStar Flex Annuity, Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity, Pioneer AnnuiStar Annuity, Portfolio Architect II Annuity and Pioneer AnnuiStar Value Annuity, PrimElite Annuity and PrimElite II Annuity, Gold Track Annuity and Gold Track Select Annuity, Marquis Portfolios, Vintage Access Annuity, Portfolio Architect Access Annuity, Scudder Advocate Advisor Annuity and Scudder Advocate Advisor- ST1. and in connection with the combination of separate accounts with and into the MetLife of CT Fund UL for Variable Life Insurance on or about October 13, 2008: - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife, MetLife Variable Survivorship Life, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2, MetLife Variable Life, MetLife Variable Survivorship Life II, MetLife Variable Life Accumulator- Series III, Vintage Life, and Portfolio Architect Life.) and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof. Each said attorney-in-fact shall have power to act hereunder with or without the others. IN WITNESS WHEREOF, I have hereunto set my hand this 2nd day of July, 2008. /s/ Michael K. Farrell ---------------------------------------- Michael K. Farrell MetLife Insurance Company of Connecticut Power of Attorney William J. Mullaney Director KNOW ALL MEN BY THESE PRESENTS, that I, William J. Mullaney, a director of MetLife Insurance Company of Connecticut, a Connecticut company, do hereby appoint Michele H. Abate, Paul G. Cellupica, John E. Connolly, Jr., James L. Lipscomb, Gina C. Sandonato, Myra L. Saul and Marie C. Swift, and each of them severally, my true and lawful attorney-in-fact, for me and in my name, place and stead to execute and file any instrument or document to be filed as part of or in connection with or in any way related to the Registration Statements and any and all amendments thereto, filed by said Company under the Securities Act of 1933 and/or the Investment Company Act of 1940, in connection with: - - MetLife of CT Separate Account Eleven for Variable Annuities (Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity File No. 333-101778), - - MetLife of CT Separate Account QPN for Variable Annuities (MetLife Retirement Perspectives File No. 333-141941, Unallocated Group Variable Annuity File No. 333-136191), - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife and Invest File No. 002-88637, MetLife Variable Survivorship Life File No. 333-69771, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2 File No. 333-96515, MetLife Variable Life File No. 333-96519, MetLife Variable Survivorship Life II File No. 333-56952, MetLife Variable Life Accumulator- Series III File No. 333-113109), - - MetLife of CT Fund UL III for Variable Life Insurance (Corporate Owned Variable Universal Life Series 1 and Series 2 File No. 333-71349, Corporate Owned Variable Universal Life 2000 and Corporate Owned Variable Universal Life III File No. 333-94779, Corporate Benefit Life File No. 333-64364, Corporate Select Policy File No. 333-105335, Corporate Owned Variable Universal Life IV File No. 333-113533), and in connection with the combination of separate accounts with and into the MetLife of CT Separate Account Eleven for Variable Annuities on or about October 13, 2008: MetLife of CT Separate Account Eleven for Variable Annuities (Premier Advisers II Annuity, Premier Advisers III and Premier Advisers III Annuity (Series II), Portfolio Architect Annuity, Portfolio Architect Select Annuity, Premier Advisers Annuity (Class I), Premier Advisers Annuity (Class II), MetLife Access Annuity and MetLife Access Select Annuity, Vintage Annuity, Protected Equity Portfolio Annuity, Index Annuity, Vintage XTRA Annuity, Portfolio Architect XTRA Annuity, Vintage XTRA Annuity (Series II), Universal Annuity, Universal Select Annuity, Universal Annuity Advantage, MetLife Retirement Account Annuity, Premier Advisers AssetManager Annuity, Premier Advisers L Annuity, Premier Advisers L Annuity (Series II), Vintage II Annuity and Vintage II Annuity (Series II), Vintage 3 Annuity, Portfolio Architect 3 Annuity, Portfolio Architect L Annuity, Vintage L Annuity, Pioneer AnnuiStar Flex Annuity, Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity, Pioneer AnnuiStar Annuity, Portfolio Architect II Annuity and Pioneer AnnuiStar Value Annuity, PrimElite Annuity and PrimElite II Annuity, Gold Track Annuity and Gold Track Select Annuity, Marquis Portfolios, Vintage Access Annuity, Portfolio Architect Access Annuity, Scudder Advocate Advisor Annuity and Scudder Advocate Advisor- ST1. and in connection with the combination of separate accounts with and into the MetLife of CT Fund UL for Variable Life Insurance on or about October 13, 2008: - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife, MetLife Variable Survivorship Life, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2, MetLife Variable Life, MetLife Variable Survivorship Life II, MetLife Variable Life Accumulator- Series III, Vintage Life, and Portfolio Architect Life.) and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof. Each said attorney-in-fact shall have power to act hereunder with or without the others. IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of June, 2008. /s/ William J. Mullaney ---------------------------------------- William J. Mullaney MetLife Insurance Company of Connecticut Power of Attorney Lisa M. Weber Director KNOW ALL MEN BY THESE PRESENTS, that I, Lisa M. Weber, a director of MetLife Insurance Company of Connecticut, a Connecticut company, do hereby appoint Michele H. Abate, Paul G. Cellupica, John E. Connolly, Jr., James L. Lipscomb, Gina C. Sandonato, Myra L. Saul and Marie C. Swift, and each of them severally, my true and lawful attorney-in-fact, for me and in my name, place and stead to execute and file any instrument or document to be filed as part of or in connection with or in any way related to the Registration Statements and any and all amendments thereto, filed by said Company under the Securities Act of 1933 and/or the Investment Company Act of 1940, in connection with: - - MetLife of CT Separate Account Eleven for Variable Annuities (Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity File No. 333-101778), - - MetLife of CT Separate Account QPN for Variable Annuities (MetLife Retirement Perspectives File No. 333-141941, Unallocated Group Variable Annuity File No. 333-136191), - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife and Invest File No. 002-88637, MetLife Variable Survivorship Life File No. 333-69771, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2 File No. 333-96515, MetLife Variable Life File No. 333-96519, MetLife Variable Survivorship Life II File No. 333-56952, MetLife Variable Life Accumulator- Series III File No. 333-113109), - - MetLife of CT Fund UL III for Variable Life Insurance (Corporate Owned Variable Universal Life Series 1 and Series 2 File No. 333-71349, Corporate Owned Variable Universal Life 2000 and Corporate Owned Variable Universal Life III File No. 333-94779, Corporate Benefit Life File No. 333-64364, Corporate Select Policy File No. 333-105335, Corporate Owned Variable Universal Life IV File No. 333-113533), and in connection with the combination of separate accounts with and into the MetLife of CT Separate Account Eleven for Variable Annuities on or about October 13, 2008: MetLife of CT Separate Account Eleven for Variable Annuities (Premier Advisers II Annuity, Premier Advisers III and Premier Advisers III Annuity (Series II), Portfolio Architect Annuity, Portfolio Architect Select Annuity, Premier Advisers Annuity (Class I), Premier Advisers Annuity (Class II), MetLife Access Annuity and MetLife Access Select Annuity, Vintage Annuity, Protected Equity Portfolio Annuity, Index Annuity, Vintage XTRA Annuity, Portfolio Architect XTRA Annuity, Vintage XTRA Annuity (Series II), Universal Annuity, Universal Select Annuity, Universal Annuity Advantage, MetLife Retirement Account Annuity, Premier Advisers AssetManager Annuity, Premier Advisers L Annuity, Premier Advisers L Annuity (Series II), Vintage II Annuity and Vintage II Annuity (Series II), Vintage 3 Annuity, Portfolio Architect 3 Annuity, Portfolio Architect L Annuity, Vintage L Annuity, Pioneer AnnuiStar Flex Annuity, Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity, Pioneer AnnuiStar Annuity, Portfolio Architect II Annuity and Pioneer AnnuiStar Value Annuity, PrimElite Annuity and PrimElite II Annuity, Gold Track Annuity and Gold Track Select Annuity, Marquis Portfolios, Vintage Access Annuity, Portfolio Architect Access Annuity, Scudder Advocate Advisor Annuity and Scudder Advocate Advisor- ST1. and in connection with the combination of separate accounts with and into the MetLife of CT Fund UL for Variable Life Insurance on or about October 13, 2008: - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife, MetLife Variable Survivorship Life, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2, MetLife Variable Life, MetLife Variable Survivorship Life II, MetLife Variable Life Accumulator- Series III, Vintage Life, and Portfolio Architect Life.) and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof. Each said attorney-in-fact shall have power to act hereunder with or without the others. IN WITNESS WHEREOF, I have hereunto set my hand this 27th day of June, 2008. /s/ Lisa M. Weber ---------------------------------------- Lisa M. Weber MetLife Insurance Company of Connecticut Power of Attorney Stanley J. Talbi Executive Vice President and Chief Financial Officer KNOW ALL MEN BY THESE PRESENTS, that I, Stanley J. Talbi, Executive Vice President and Chief Financial Officer of MetLife Insurance Company of Connecticut, a Connecticut company, do hereby appoint Michele H. Abate, Paul G. Cellupica, John E. Connolly, Jr., James L. Lipscomb, Gina C. Sandonato, Myra L. Saul and Marie C. Swift, and each of them severally, my true and lawful attorney-in-fact, for me and in my name, place and stead to execute and file any instrument or document to be filed as part of or in connection with or in any way related to the Registration Statements and any and all amendments thereto, filed by said Company under the Securities Act of 1933 and/or the Investment Company Act of 1940, in connection with: - - MetLife of CT Separate Account Eleven for Variable Annuities (Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity File No. 333-101778), - - MetLife of CT Separate Account QPN for Variable Annuities (MetLife Retirement Perspectives File No. 333-141941, Unallocated Group Variable Annuity File No. 333-136191), - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife and Invest File No. 002-88637, MetLife Variable Survivorship Life File No. 333-69771, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2 File No. 333-96515, MetLife Variable Life File No. 333-96519, MetLife Variable Survivorship Life II File No. 333-56952, MetLife Variable Life Accumulator- Series III File No. 333-113109), - - MetLife of CT Fund UL III for Variable Life Insurance (Corporate Owned Variable Universal Life Series 1 and Series 2 File No. 333-71349, Corporate Owned Variable Universal Life 2000 and Corporate Owned Variable Universal Life III File No. 333-94779, Corporate Benefit Life File No. 333-64364, Corporate Select Policy File No. 333-105335, Corporate Owned Variable Universal Life IV File No. 333-113533), and in connection with the combination of separate accounts with and into the MetLife of CT Separate Account Eleven for Variable Annuities on or about October 13, 2008: MetLife of CT Separate Account Eleven for Variable Annuities (Premier Advisers II Annuity, Premier Advisers III and Premier Advisers III Annuity (Series II), Portfolio Architect Annuity, Portfolio Architect Select Annuity, Premier Advisers Annuity (Class I), Premier Advisers Annuity (Class II), MetLife Access Annuity and MetLife Access Select Annuity, Vintage Annuity, Protected Equity Portfolio Annuity, Index Annuity, Vintage XTRA Annuity, Portfolio Architect XTRA Annuity, Vintage XTRA Annuity (Series II), Universal Annuity, Universal Select Annuity, Universal Annuity Advantage, MetLife Retirement Account Annuity, Premier Advisers AssetManager Annuity, Premier Advisers L Annuity, Premier Advisers L Annuity (Series II), Vintage II Annuity and Vintage II Annuity (Series II), Vintage 3 Annuity, Portfolio Architect 3 Annuity, Portfolio Architect L Annuity, Vintage L Annuity, Pioneer AnnuiStar Flex Annuity, Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity, Pioneer AnnuiStar Annuity, Portfolio Architect II Annuity and Pioneer AnnuiStar Value Annuity, PrimElite Annuity and PrimElite II Annuity, Gold Track Annuity and Gold Track Select Annuity, Marquis Portfolios, Vintage Access Annuity, Portfolio Architect Access Annuity, Scudder Advocate Advisor Annuity and Scudder Advocate Advisor- ST1. and in connection with the combination of separate accounts with and into the MetLife of CT Fund UL for Variable Life Insurance on or about October 13, 2008: - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife, MetLife Variable Survivorship Life, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2, MetLife Variable Life, MetLife Variable Survivorship Life II, MetLife Variable Life Accumulator- Series III, Vintage Life, and Portfolio Architect Life.) and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof. Each said attorney-in-fact shall have power to act hereunder with or without the others. IN WITNESS WHEREOF, I have hereunto set my hand this 27th day of June, 2008. /s/ Stanley J. Talbi ---------------------------------------- Stanley J. Talbi MetLife Insurance Company of Connecticut Power of Attorney Joseph J. Prochaska, Jr. Executive Vice President and Chief Accounting Officer KNOW ALL MEN BY THESE PRESENTS, that I, Joseph J. Prochaska, Jr., Executive Vice President and Chief Accounting Officer of MetLife Insurance Company of Connecticut, a Connecticut company, do hereby appoint Michele H. Abate, Paul G. Cellupica, John E. Connolly, Jr., James L. Lipscomb, Gina C. Sandonato, Myra L. Saul and Marie C. Swift, and each of them severally, my true and lawful attorney-in-fact, for me and in my name, place and stead to execute and file any instrument or document to be filed as part of or in connection with or in any way related to the Registration Statements and any and all amendments thereto, filed by said Company under the Securities Act of 1933 and/or the Investment Company Act of 1940, in connection with: - - MetLife of CT Separate Account Eleven for Variable Annuities (Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity File No. 333-101778), - - MetLife of CT Separate Account QPN for Variable Annuities (MetLife Retirement Perspectives File No. 333-141941, Unallocated Group Variable Annuity File No. 333-136191), - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife and Invest File No. 002-88637, MetLife Variable Survivorship Life File No. 333-69771, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2 File No. 333-96515, MetLife Variable Life File No. 333-96519, MetLife Variable Survivorship Life II File No. 333-56952, MetLife Variable Life Accumulator- Series III File No. 333-113109), - - MetLife of CT Fund UL III for Variable Life Insurance (Corporate Owned Variable Universal Life Series 1 and Series 2 File No. 333-71349, Corporate Owned Variable Universal Life 2000 and Corporate Owned Variable Universal Life III File No. 333-94779, Corporate Benefit Life File No. 333-64364, Corporate Select Policy File No. 333-105335, Corporate Owned Variable Universal Life IV File No. 333-113533), and in connection with the combination of separate accounts with and into the MetLife of CT Separate Account Eleven for Variable Annuities on or about October 13, 2008: MetLife of CT Separate Account Eleven for Variable Annuities (Premier Advisers II Annuity, Premier Advisers III and Premier Advisers III Annuity (Series II), Portfolio Architect Annuity, Portfolio Architect Select Annuity, Premier Advisers Annuity (Class I), Premier Advisers Annuity (Class II), MetLife Access Annuity and MetLife Access Select Annuity, Vintage Annuity, Protected Equity Portfolio Annuity, Index Annuity, Vintage XTRA Annuity, Portfolio Architect XTRA Annuity, Vintage XTRA Annuity (Series II), Universal Annuity, Universal Select Annuity, Universal Annuity Advantage, MetLife Retirement Account Annuity, Premier Advisers AssetManager Annuity, Premier Advisers L Annuity, Premier Advisers L Annuity (Series II), Vintage II Annuity and Vintage II Annuity (Series II), Vintage 3 Annuity, Portfolio Architect 3 Annuity, Portfolio Architect L Annuity, Vintage L Annuity, Pioneer AnnuiStar Flex Annuity, Pioneer AnnuiStar Plus Annuity, Portfolio Architect Plus Annuity, Scudder Advocate Rewards Annuity, Pioneer AnnuiStar Annuity, Portfolio Architect II Annuity and Pioneer AnnuiStar Value Annuity, PrimElite Annuity and PrimElite II Annuity, Gold Track Annuity and Gold Track Select Annuity, Marquis Portfolios, Vintage Access Annuity, Portfolio Architect Access Annuity, Scudder Advocate Advisor Annuity and Scudder Advocate Advisor- ST1. and in connection with the combination of separate accounts with and into the MetLife of CT Fund UL for Variable Life Insurance on or about October 13, 2008: - - MetLife of CT Fund UL for Variable Life Insurance (MarketLife, MetLife Variable Survivorship Life, MetLife Variable Life Accumulator and MetLife Variable Life Accumulator- Series 2, MetLife Variable Life, MetLife Variable Survivorship Life II, MetLife Variable Life Accumulator- Series III, Vintage Life, and Portfolio Architect Life.) and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof. Each said attorney-in-fact shall have power to act hereunder with or without the others. IN WITNESS WHEREOF, I have hereunto set my hand this 1st day of July, 2008. /s/ Joseph J. Prochaska, Jr. ---------------------------------------- Joseph J. Prochaska, Jr. -----END PRIVACY-ENHANCED MESSAGE-----