497 1 b70930a1e497.txt METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES VINTAGE 3(SM) VARIABLE ANNUITY VINTAGE L(SM) VARIABLE ANNUITY VINTAGE II(SM) VARIABLE ANNUITY VINTAGE II (SERIES II)(SM) VARIABLE ANNUITY ISSUED BY METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES METLIFE INSURANCE COMPANY OF CONNECTICUT SUPPLEMENT DATED DECEMBER 8, 2008 TO THE PROSPECTUS DATED APRIL 28, 2008 1. COMBINATION OF SEPARATE ACCOUNTS Effective December 8, 2008, the Company combined MetLife of CT Separate Account Nine for Variable Annuities (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. After the Combination, the financial statements will report assets and liabilities on a combined basis. The financial statements also will combine any subaccounts that invest in the same Variable Funding Option and illustrate unit values as a range. If you have any questions, please contact us at 800-842-9325. 2. FEE TABLES Expenses shown in the fee tables do not include any premium taxes of up to 3.5% (see "Charges and Deductions--Premium Tax") or other taxes, which may apply. 3. THE ANNUITY CONTRACT--THE VARIABLE FUNDING OPTIONS 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. YOU SHOULD READ THE PROSPECTUSES FOR THE UNDERLYING FUNDS CAREFULLY. We do not guarantee the investment results of the Underlying Funds. 4. OTHER INFORMATION--CONFORMITY WITH STATE AND FEDERAL LAWS The Prospectus describes all material features and benefits of the Contract. The language in the Prospectus determines your rights under the federal securities laws. 5. OTHER INFORMATION--THE INSURANCE COMPANY Effective September 22, 2008, the Company is located at 1300 Hall Boulevard, Bloomfield, Connecticut 06002-2910. Please note, however, that for the purpose of administering your Contract, the addresses indicated in the definition of "Home Office" in the Glossary remain the same. THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE PORTFOLIO ARCHITECT 3 VARIABLE ANNUITY PORTFOLIO ARCHITECT L VARIABLE ANNUITY ISSUED BY METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES METLIFE INSURANCE COMPANY OF CONNECTICUT SUPPLEMENT DATED DECEMBER 8, 2008 TO THE PROSPECTUS DATED APRIL 28, 2008 1. COMBINATION OF SEPARATE ACCOUNTS Effective December 8, 2008, the Company combined MetLife of CT Separate Account Nine for Variable Annuities (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. After the Combination, the financial statements will report assets and liabilities on a combined basis. The financial statements also will combine any subaccounts that invest in the same Variable Funding Option and illustrate unit values as a range. If you have any questions, please contact us at 800-842-9368. 2. FEE TABLES Expenses shown in the fee tables do not include any premium taxes of up to 3.5% (see "Charges and Deductions -- Premium Tax") or other taxes, which may apply. 3. THE ANNUITY CONTRACT -- THE VARIABLE FUNDING OPTIONS 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. YOU SHOULD READ THE PROSPECTUSES FOR THE UNDERLYING FUNDS CAREFULLY. We do not guarantee the investment results of the Underlying Funds. 4. OTHER INFORMATION -- CONFORMITY WITH STATE AND FEDERAL LAWS The Prospectus describes all material features and benefits of the Contract. The language in the Prospectus determines your rights under the federal securities laws. 5. OTHER INFORMATION -- THE INSURANCE COMPANY Effective September 22, 2008, the Company is located at 1300 Hall Boulevard, Bloomfield, Connecticut 06002-2910. Please note, however, that for the purpose of administering your Contract, the addresses indicated in the definition of "Home Office" in the Glossary remain the same. THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE PIONEER ANNUISTAR FLEX(SM) ANNUITY ISSUED BY METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES METLIFE INSURANCE COMPANY OF CONNECTICUT SUPPLEMENT DATED DECEMBER 8, 2008 TO THE PROSPECTUS DATED APRIL 28, 2008 1. COMBINATION OF SEPARATE ACCOUNTS Effective December 8, 2008, the Company combined MetLife of CT Separate Account Nine for Variable Annuities (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. After the Combination, the financial statements will report assets and liabilities on a combined basis. The financial statements also will combine any subaccounts that invest in the same Variable Funding Option and illustrate unit values as a range. If you have any questions, please contact us at 866-547-3793. 2. FEE TABLES Expenses shown in the fee tables do not include any premium taxes of up to 3.5% (see "Charges and Deductions--Premium Tax") or other taxes, which may apply. 3. THE ANNUITY CONTRACT--THE VARIABLE FUNDING OPTIONS 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 866-547-3793 OR THROUGH YOUR REGISTERED REPRESENTATIVE. YOU SHOULD READ THE PROSPECTUSES FOR THE UNDERLYING FUNDS CAREFULLY. We do not guarantee the investment results of the Underlying Funds. 4. OTHER INFORMATION--CONFORMITY WITH STATE AND FEDERAL LAWS The Prospectus describes all material features and benefits of the Contract. The language in the Prospectus determines your rights under the federal securities laws. 5. OTHER INFORMATION--THE INSURANCE COMPANY Effective September 22, 2008, the Company is located at 1300 Hall Boulevard, Bloomfield, Connecticut 06002-2910. Please note, however, that for the purpose of administering your Contract, the addresses indicated in the definition of "Home Office" in the Glossary remain the same. THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE VINTAGE 3 PORTFOLIO ARCHITECT 3 PORTFOLIO ARCHITECT L VINTAGE L PIONEER ANNUISTAR FLEX STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 8, 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............................................................ 4 FEDERAL TAX CONSIDERATIONS..................................................... 5 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.................................. 8 CONDENSED FINANCIAL INFORMATION--Vintage 3..................................... 9 CONDENSED FINANCIAL INFORMATION--Portfolio Architect 3......................... 82 CONDENSED FINANCIAL INFORMATION--Portfolio Architect L......................... 157 CONDENSED FINANCIAL INFORMATION--Vintage L..................................... 321 CONDENSED FINANCIAL INFORMATION--Pioneer AnnuiStar Flex........................ 453 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 is located at 1300 Hall Boulevard, Bloomfield, Connecticut 06002-2910. 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 December 8, 2008, the Company combined MetLife of CT Separate Account Nine for Variable Annuities (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. REDUCTION OR ELIMINATION OF THE WITHDRAWAL CHARGE. We may reduce or eliminate the withdrawal charge under the Contract when certain sales or administration of the Contract result in savings or reduced expenses and/or risks. We will not reduce or eliminate the withdrawal charge where such reduction or elimination would be unfairly discriminatory to any person. 3 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 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. 4 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 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. 5 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 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 6 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. 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. 7 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 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 explanatory paragraphs 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 -- VINTAGE 3 -------------------------------------------------------------------------------- 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 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.077 1.151 -- 2006 1.000 1.077 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.025 1.075 -- 2005 0.991 1.025 -- 2004 0.956 0.991 -- 2003 0.780 0.956 -- 2002 1.142 0.780 -- 2001 1.000 1.142 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (6/02)................................... 2006 1.135 1.184 -- 2005 1.107 1.135 -- 2004 1.016 1.107 -- 2003 0.785 1.016 -- 2002 1.000 0.785 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.156 1.126 -- 2005 1.028 1.156 2,023 2004 0.968 1.028 -- 2003 0.801 0.968 -- 2002 1.182 0.801 -- 2001 1.000 1.182 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/02)............................................. 2007 1.929 2.171 105,489 2006 1.635 1.929 108,164 2005 1.463 1.635 92,526 2004 1.316 1.463 45,727 2003 0.993 1.316 -- 2002 1.187 0.993 -- 2001 1.000 1.187 --
9 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth Subaccount (Class 2) (12/01)............................................ 2007 1.663 1.830 329,048 2006 1.540 1.663 354,787 2005 1.353 1.540 339,051 2004 1.227 1.353 224,757 2003 0.916 1.227 13,689 2002 1.237 0.916 -- 2001 1.000 1.237 -- American Funds Growth-Income Subaccount (Class 2) (12/01)............................................ 2007 1.501 1.544 175,280 2006 1.330 1.501 210,901 2005 1.282 1.330 210,374 2004 1.186 1.282 141,724 2003 0.914 1.186 88,389 2002 1.143 0.914 -- 2001 1.000 1.143 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.287 1.272 -- 2005 1.111 1.287 -- 2004 0.949 1.111 -- 2003 0.775 0.949 -- 2002 1.000 0.775 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.690 2.196 -- 2005 1.609 1.690 -- 2004 1.250 1.609 -- 2003 0.952 1.250 -- 2002 1.000 0.952 -- 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 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.294 1.440 -- 2005 1.199 1.294 6,383 2004 1.067 1.199 1,538 2003 1.000 1.067 --
10 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/02)............................................. 2007 1.765 2.032 34,254 2006 1.614 1.765 28,681 2005 1.410 1.614 18,005 2004 1.248 1.410 13,584 2003 0.992 1.248 13,584 2002 1.118 0.992 -- 2001 1.000 1.118 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.796 2.030 56,119 2006 1.631 1.796 67,576 2005 1.411 1.631 89,979 2004 1.155 1.411 46,989 2003 0.853 1.155 -- 2002 1.000 0.853 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.194 1.214 67,894 2006 1.031 1.194 29,299 2005 1.000 1.031 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (5/02)........................ 2007 1.376 1.500 83,923 2006 1.292 1.376 15,074 2005 1.259 1.292 13,854 2004 1.153 1.259 7,904 2003 0.857 1.153 -- 2002 1.227 0.857 -- 2001 1.000 1.227 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.233 1.430 -- 2005 1.138 1.233 113,725 2004 1.031 1.138 62,851 2003 0.841 1.031 -- 2002 1.000 0.841 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.760 3.482 44,429 2006 2.199 2.760 33,315 2005 1.761 2.199 34,370 2004 1.442 1.761 27,878 2003 1.000 1.442 4,181
11 VINTAGE 3 -- 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) (5/02)................................... 2007 1.747 1.976 101,188 2006 1.469 1.747 110,754 2005 1.361 1.469 98,761 2004 1.172 1.361 66,369 2003 0.904 1.172 10,166 2002 1.134 0.904 -- 2001 1.000 1.134 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.237 1.477 -- 2005 1.160 1.237 5,511 2004 1.020 1.160 1,140 2003 0.788 1.020 -- 2002 1.000 0.788 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (4/02)..................................... 2007 1.548 1.846 1,214 2006 1.394 1.548 -- 2005 1.270 1.394 -- 2004 1.076 1.270 -- 2003 0.815 1.076 -- 2002 1.158 0.815 -- 2001 1.000 1.158 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.525 1.705 -- 2005 1.497 1.525 11,493 2004 1.330 1.497 11,540 2003 1.000 1.330 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (4/02)............................................. 2007 1.247 1.326 -- 2006 1.186 1.247 -- 2005 1.139 1.186 -- 2004 1.130 1.139 -- 2003 0.859 1.130 -- 2002 1.197 0.859 -- 2001 1.000 1.197 --
12 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (12/01)............................................ 2007 1.324 1.317 118,365 2006 1.242 1.324 118,142 2005 1.136 1.242 149,332 2004 1.054 1.136 92,170 2003 0.800 1.054 -- 2002 1.212 0.800 -- 2001 1.000 1.212 -- LMPVET Appreciation Subaccount (Class I) (2/02).... 2007 1.372 1.458 116,226 2006 1.220 1.372 120,433 2005 1.194 1.220 119,527 2004 1.120 1.194 96,922 2003 0.918 1.120 -- 2002 1.136 0.918 -- 2001 1.000 1.136 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.622 1.618 50,212 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.409 1.454 266,077 2006 1.301 1.409 414,487 2005 1.274 1.301 421,372 2004 1.238 1.274 273,574 2003 1.037 1.238 34,419 2002 1.000 1.037 -- LMPVET Capital Subaccount (10/02).................. 2007 1.637 1.633 172,316 2006 1.470 1.637 177,918 2005 1.426 1.470 189,544 2004 1.365 1.426 159,891 2003 1.060 1.365 79,503 2002 1.000 1.060 -- LMPVET Dividend Strategy Subaccount (9/02)......... 2007 1.132 1.180 -- 2006 0.979 1.132 -- 2005 1.001 0.979 -- 2004 0.989 1.001 -- 2003 0.817 0.989 -- 2002 1.127 0.817 -- 2001 1.000 1.127 --
13 VINTAGE 3 -- 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 Equity Index Subaccount (Class II) (6/02)... 2007 1.351 1.388 31,908 2006 1.198 1.351 31,907 2005 1.173 1.198 32,169 2004 1.086 1.173 24,381 2003 0.867 1.086 -- 2002 1.141 0.867 -- 2001 1.000 1.141 -- LMPVET Fundamental Value Subaccount (Class I) (2/02)............................................. 2007 1.529 1.517 157,474 2006 1.336 1.529 102,926 2005 1.301 1.336 107,320 2004 1.227 1.301 78,557 2003 0.904 1.227 -- 2002 1.172 0.904 -- 2001 1.000 1.172 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.759 1.808 101,732 2006 1.559 1.759 159,791 2005 1.493 1.559 159,791 2004 1.382 1.493 130,088 2003 1.073 1.382 -- 2002 1.000 1.073 -- LMPVET International All Cap Opportunity Subaccount (8/02)............................................. 2007 1.655 1.724 -- 2006 1.342 1.655 -- 2005 1.226 1.342 -- 2004 1.062 1.226 -- 2003 0.850 1.062 -- 2002 1.168 0.850 -- 2001 1.000 1.168 -- LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.448 1.474 16,776 2006 1.250 1.448 17,601 2005 1.197 1.250 18,740 2004 1.107 1.197 9,435 2003 0.854 1.107 -- 2002 1.133 0.854 -- 2001 1.000 1.133 --
14 VINTAGE 3 -- 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) (2/02)............................................. 2007 1.307 1.348 108,207 2006 1.275 1.307 134,324 2005 1.237 1.275 130,235 2004 1.258 1.237 112,011 2003 0.870 1.258 -- 2002 1.181 0.870 -- 2001 1.000 1.181 -- LMPVET Mid Cap Core Subaccount (Class I) (2/02).... 2007 1.603 1.682 14,841 2006 1.425 1.603 14,843 2005 1.343 1.425 14,845 2004 1.241 1.343 14,847 2003 0.976 1.241 -- 2002 1.232 0.976 -- 2001 1.000 1.232 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.575 1.598 -- 2006 1.432 1.575 48,499 2005 1.411 1.432 57,253 2004 1.349 1.411 24,670 2003 1.068 1.349 -- 2002 1.000 1.068 -- LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.499 1.616 52,254 2006 1.357 1.499 46,016 2005 1.320 1.357 57,267 2004 1.171 1.320 56,224 2003 0.802 1.171 -- 2002 1.255 0.802 -- 2001 1.000 1.255 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.011 1.004 25,090 2006 0.991 1.011 26,480 2005 0.989 0.991 30,100 2004 0.997 0.989 -- 2003 1.000 0.997 --
15 VINTAGE 3 -- 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 Diversified Srategic Income Subaccount (3/02)............................................. 2007 1.234 1.232 69,304 2006 1.195 1.234 74,662 2005 1.189 1.195 62,261 2004 1.137 1.189 41,948 2003 1.039 1.137 -- 2002 1.011 1.039 -- 2001 1.000 1.011 -- LMPVIT High Income Subaccount (3/02)............... 2007 1.452 1.427 28,531 2006 1.336 1.452 27,565 2005 1.329 1.336 27,070 2004 1.228 1.329 18,983 2003 0.983 1.228 -- 2002 1.037 0.983 -- 2001 1.000 1.037 -- LMPVIT Money Market Subaccount (4/02).............. 2007 0.998 1.026 96,646 2006 0.974 0.998 112,341 2005 0.967 0.974 132,472 2004 0.978 0.967 32,120 2003 0.992 0.978 -- 2002 1.000 0.992 -- 2001 1.000 1.000 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (6/02)................................... 2007 1.584 1.688 -- 2006 1.432 1.584 16,196 2005 1.394 1.432 16,170 2004 1.231 1.394 15,034 2003 0.885 1.231 -- 2002 1.215 0.885 -- 2001 1.000 1.215 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.411 1.478 -- 2006 1.219 1.411 62,630 2005 1.196 1.219 30,618 2004 1.127 1.196 9,549 2003 0.827 1.127 -- 2002 1.127 0.827 -- 2001 1.000 1.127 --
16 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios III, Inc. LMPVPIII Large Cap Value Subaccount (2/02)......... 2007 1.317 1.383 -- 2006 1.137 1.317 -- 2005 1.090 1.137 -- 2004 1.005 1.090 -- 2003 0.804 1.005 -- 2002 1.101 0.804 -- 2001 1.000 1.101 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.589 1.649 -- 2006 1.383 1.589 70,166 2005 1.368 1.383 70,546 2004 1.239 1.368 69,261 2003 1.000 1.239 71,566 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.777 1.956 -- 2006 1.616 1.777 76,489 2005 1.524 1.616 78,565 2004 1.254 1.524 66,625 2003 1.000 1.254 13,602 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.398 1.463 -- 2006 1.324 1.398 39,338 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.451 1.458 38,098 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.348 1.308 3,728 2006 1.269 1.348 2,871 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.626 1.579 40,346 2006 1.480 1.626 52,338 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.300 1.661 7,350 2006 1.272 1.300 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.246 1.101 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.073 1.090 233,206 2006 1.001 1.073 136,529 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.069 1.053 114,032 2006 1.002 1.069 5,423
17 VINTAGE 3 -- 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 Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.326 1.454 -- 2006 1.346 1.326 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.265 1.380 1,792 2006 1.278 1.265 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.945 2.036 5,933 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.385 1.461 64,234 2006 1.257 1.385 22,768 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.015 3,052 2006 1.003 1.216 3,163 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 390,261 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.556 1.600 28,847 2006 1.451 1.556 31,894 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.143 1.260 -- 2006 1.090 1.143 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.154 1.206 70,322 2006 1.117 1.154 52,405 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.026 0.974 88,577 2006 1.003 1.026 39,878 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 0.854 1.007 10,218 2006 0.877 0.854 11,223 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.068 1.110 160,155 2006 1.032 1.068 156,072 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.160 1.136 -- 2006 1.132 1.160 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.214 1.236 -- 2006 1.201 1.214 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.447 1.475 87,423 2006 1.415 1.447 74,282 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.057 1.069 -- 2006 1.002 1.057 --
18 VINTAGE 3 -- 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 MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.040 1.075 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.046 1.074 -- 2006 1.002 1.046 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.075 15,481 2006 1.002 1.051 15,509 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 1.385 1.413 138,356 2006 1.299 1.385 145,862 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.048 1.091 6,094 2006 0.996 1.048 6,723 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.139 2,316 2006 0.998 1.066 2,322 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.119 -- 2006 1.113 1.099 384,032 2005 1.113 1.113 288,960 2004 1.043 1.113 171,050 2003 1.000 1.043 78,471 PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.156 1.232 441,098 2006 1.137 1.156 390,243 2005 1.132 1.137 388,412 2004 1.102 1.132 164,259 2003 1.071 1.102 -- 2002 1.002 1.071 -- 2001 1.000 1.002 -- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.325 1.432 -- 2006 1.218 1.325 -- 2005 1.159 1.218 -- 2004 1.100 1.159 -- 2003 0.850 1.100 -- 2002 1.233 0.850 -- 2001 1.000 1.233 --
19 VINTAGE 3 -- 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 VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.809 1.955 -- 2006 1.445 1.809 -- 2005 1.315 1.445 -- 2004 1.155 1.315 -- 2003 0.917 1.155 -- 2002 1.137 0.917 -- 2001 1.000 1.137 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 2.135 2.276 -- 2006 1.858 2.135 31,363 2005 1.771 1.858 34,614 2004 1.433 1.771 15,588 2003 0.977 1.433 -- 2002 1.220 0.977 -- 2001 1.000 1.220 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.266 1.346 -- 2005 1.189 1.266 -- 2004 1.139 1.189 -- 2003 0.899 1.139 -- 2002 1.206 0.899 -- 2001 1.000 1.206 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.348 1.415 -- 2005 1.317 1.348 74,242 2004 1.224 1.317 52,584 2003 0.952 1.224 35,771 2002 1.129 0.952 -- 2001 1.000 1.129 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.167 1.201 -- 2005 1.096 1.167 -- 2004 1.050 1.096 -- 2003 0.860 1.050 -- 2002 1.137 0.860 -- 2001 1.000 1.137 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.107 1.175 -- 2005 1.000 1.107 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.018 1.020 -- 2005 1.007 1.018 --
20 VINTAGE 3 -- 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 Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.052 1.088 -- 2005 1.008 1.052 14,308 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.085 1.130 -- 2005 1.000 1.085 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.029 1.047 -- 2005 1.000 1.029 -- Travelers Managed Income Subaccount (3/02)......... 2006 1.043 1.032 -- 2005 1.050 1.043 155,816 2004 1.042 1.050 117,811 2003 0.981 1.042 -- 2002 0.980 0.981 -- 2001 1.000 0.980 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.249 1.324 -- 2005 1.137 1.249 39,338 2004 1.002 1.137 33,831 2003 0.844 1.002 -- 2002 1.151 0.844 -- 2001 1.000 1.151 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 0.830 0.877 -- 2005 0.822 0.830 10,540 2004 0.736 0.822 10,388 2003 0.548 0.736 -- 2002 1.000 0.548 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.261 1.299 -- 2005 1.250 1.261 80,510 2004 1.144 1.250 46,257 2003 1.002 1.144 74,835 2002 1.080 1.002 -- 2001 1.000 1.080 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.165 1.257 -- 2005 1.117 1.165 19,960 2004 1.000 1.117 8,567
21 VINTAGE 3 -- 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 Mondrian International Stock Subaccount (3/02)............................................. 2006 1.290 1.480 -- 2005 1.202 1.290 47,848 2004 1.060 1.202 30,586 2003 0.842 1.060 -- 2002 1.000 0.842 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.370 1.451 -- 2005 1.319 1.370 2,908 2004 1.212 1.319 1,735 2003 1.000 1.212 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.037 1.090 -- 2005 1.036 1.037 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.108 1.117 -- 2005 1.091 1.108 52,692 2004 1.000 1.091 30,316 Travelers Strategic Equity Subaccount (4/02)....... 2006 1.047 1.091 -- 2005 1.047 1.047 -- 2004 0.970 1.047 -- 2003 0.747 0.970 -- 2002 1.148 0.747 -- 2001 1.000 1.148 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.027 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.108 1.269 -- 2005 1.000 1.108 -- Travelers Van Kampen Enterprise Subaccount (1/00).. 2006 1.092 1.132 -- 2005 1.034 1.092 -- 2004 1.016 1.034 -- 2003 0.826 1.016 -- 2002 1.193 0.826 -- 2001 1.000 1.193 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (4/02).......................................... 2007 1.045 1.198 -- 2006 1.037 1.045 -- 2005 0.981 1.037 -- 2004 0.935 0.981 -- 2003 0.750 0.935 -- 2002 1.134 0.750 -- 2001 1.000 1.134 --
22 VINTAGE 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.076 1.151 -- 2006 1.000 1.076 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.191 1.249 -- 2005 1.152 1.191 -- 2004 1.112 1.152 -- 2003 1.000 1.112 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (6/02)................................... 2006 1.249 1.304 -- 2005 1.220 1.249 5,093 2004 1.120 1.220 -- 2003 1.000 1.120 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.304 1.269 -- 2005 1.159 1.304 -- 2004 1.093 1.159 -- 2003 1.000 1.093 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/02)............................................. 2007 1.738 1.955 107,867 2006 1.474 1.738 103,905 2005 1.319 1.474 33,810 2004 1.187 1.319 20,425 2003 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (12/01)............................................ 2007 1.554 1.710 995,077 2006 1.440 1.554 1,002,424 2005 1.266 1.440 495,689 2004 1.149 1.266 102,273 2003 1.000 1.149 -- American Funds Growth-Income Subaccount (Class 2) (12/01)............................................ 2007 1.449 1.490 501,164 2006 1.284 1.449 507,931 2005 1.239 1.284 278,103 2004 1.147 1.239 107,765 2003 1.000 1.147 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.551 1.532 -- 2005 1.340 1.551 159 2004 1.145 1.340 -- 2003 1.000 1.145 --
23 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.543 2.004 -- 2005 1.470 1.543 1,987 2004 1.143 1.470 -- 2003 1.000 1.143 -- 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 2,632 2004 1.074 1.201 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.293 1.439 -- 2005 1.199 1.293 118,685 2004 1.067 1.199 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/02)............................................. 2007 1.611 1.854 431,848 2006 1.474 1.611 441,668 2005 1.288 1.474 120,962 2004 1.141 1.288 21,572 2003 1.000 1.141 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.860 2.101 95,258 2006 1.690 1.860 92,430 2005 1.462 1.690 45,068 2004 1.198 1.462 -- 2003 1.000 1.198 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.193 1.212 521,247 2006 1.031 1.193 525,841 2005 1.000 1.031 141,388 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (5/02)........................ 2007 1.422 1.548 21,576 2006 1.336 1.422 21,577 2005 1.302 1.336 21,578 2004 1.192 1.302 20,936 2003 1.000 1.192 --
24 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.334 1.547 -- 2005 1.232 1.334 156,547 2004 1.117 1.232 32,618 2003 1.000 1.117 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.414 3.044 84,703 2006 1.924 2.414 97,572 2005 1.542 1.924 26,812 2004 1.263 1.542 -- 2003 1.000 1.263 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/02)................................... 2007 1.750 1.979 285,613 2006 1.472 1.750 265,061 2005 1.364 1.472 111,621 2004 1.175 1.364 10,115 2003 1.000 1.175 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.406 1.678 -- 2005 1.319 1.406 121,975 2004 1.161 1.319 -- 2003 1.000 1.161 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (4/02)..................................... 2007 1.639 1.954 34,550 2006 1.478 1.639 35,115 2005 1.347 1.478 33,744 2004 1.142 1.347 -- 2003 1.000 1.142 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.344 1.502 -- 2005 1.320 1.344 44,697 2004 1.173 1.320 4,856 2003 1.000 1.173 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (4/02)............................................. 2007 1.269 1.349 -- 2006 1.207 1.269 -- 2005 1.160 1.207 -- 2004 1.151 1.160 -- 2003 1.000 1.151 --
25 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (12/01)............................................ 2007 1.424 1.415 168,617 2006 1.337 1.424 164,664 2005 1.223 1.337 101,312 2004 1.136 1.223 12,861 2003 1.000 1.136 -- LMPVET Appreciation Subaccount (Class I) (2/02).... 2007 1.369 1.453 98,044 2006 1.218 1.369 97,027 2005 1.192 1.218 25,336 2004 1.119 1.192 -- 2003 1.000 1.119 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.347 1.343 54,936 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.237 1.276 134,368 2006 1.143 1.237 144,862 2005 1.120 1.143 142,759 2004 1.089 1.120 102,335 2003 1.000 1.089 -- LMPVET Capital Subaccount (10/02).................. 2007 1.352 1.348 448,522 2006 1.215 1.352 460,035 2005 1.179 1.215 589,302 2004 1.129 1.179 241,112 2003 1.000 1.129 -- LMPVET Dividend Strategy Subaccount (9/02)......... 2007 1.258 1.312 -- 2006 1.090 1.258 -- 2005 1.115 1.090 -- 2004 1.101 1.115 -- 2003 1.000 1.101 -- LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.403 1.442 58,147 2006 1.245 1.403 58,180 2005 1.219 1.245 56,720 2004 1.130 1.219 54,008 2003 1.000 1.130 -- LMPVET Fundamental Value Subaccount (Class I) (2/02)............................................. 2007 1.453 1.441 159,339 2006 1.271 1.453 154,105 2005 1.238 1.271 19,317 2004 1.169 1.238 -- 2003 1.000 1.169 --
26 VINTAGE 3 -- 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 Global Equity Subaccount (10/02)............ 2007 1.449 1.488 43,591 2006 1.284 1.449 35,168 2005 1.231 1.284 30,949 2004 1.140 1.231 -- 2003 1.000 1.140 -- LMPVET International All Cap Opportunity Subaccount (8/02)............................................. 2007 1.826 1.902 -- 2006 1.482 1.826 -- 2005 1.354 1.482 -- 2004 1.173 1.354 -- 2003 1.000 1.173 -- LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.498 1.523 10,724 2006 1.293 1.498 10,724 2005 1.240 1.293 5,937 2004 1.147 1.240 -- 2003 1.000 1.147 -- LMPVET Large Cap Growth Subaccount (Class I) (2/02)............................................. 2007 1.212 1.250 35,753 2006 1.183 1.212 35,857 2005 1.148 1.183 6,605 2004 1.169 1.148 -- 2003 1.000 1.169 -- LMPVET Mid Cap Core Subaccount (Class I) (2/02).... 2007 1.494 1.567 6,216 2006 1.328 1.494 6,459 2005 1.252 1.328 3,622 2004 1.158 1.252 -- 2003 1.000 1.158 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.308 1.327 -- 2006 1.189 1.308 71,356 2005 1.173 1.189 69,100 2004 1.122 1.173 23,773 2003 1.000 1.122 -- LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.581 1.703 5,318 2006 1.432 1.581 -- 2005 1.394 1.432 -- 2004 1.236 1.394 -- 2003 1.000 1.236 --
27 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.010 1.002 18,480 2006 0.990 1.010 17,256 2005 0.988 0.990 12,201 2004 0.997 0.988 -- 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (3/02)............................................. 2007 1.145 1.144 24,652 2006 1.110 1.145 24,652 2005 1.105 1.110 24,652 2004 1.057 1.105 45,255 2003 1.000 1.057 -- LMPVIT High Income Subaccount (3/02)............... 2007 1.301 1.277 211,850 2006 1.197 1.301 209,321 2005 1.191 1.197 129,198 2004 1.101 1.191 58,956 2003 1.000 1.101 -- LMPVIT Money Market Subaccount (4/02).............. 2007 1.013 1.040 -- 2006 0.989 1.013 -- 2005 0.982 0.989 -- 2004 0.994 0.982 -- 2003 1.000 0.994 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (6/02)................................... 2007 1.587 1.691 -- 2006 1.436 1.587 5,608 2005 1.397 1.436 2,459 2004 1.234 1.397 -- 2003 1.000 1.234 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.462 1.532 -- 2006 1.264 1.462 -- 2005 1.241 1.264 -- 2004 1.170 1.241 -- 2003 1.000 1.170 -- Legg Mason Partners Variable Portfolios III, Inc. LMPVPIII Large Cap Value Subaccount (2/02)......... 2007 1.501 1.575 -- 2006 1.296 1.501 -- 2005 1.242 1.296 -- 2004 1.147 1.242 -- 2003 1.000 1.147 --
28 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.461 1.515 -- 2006 1.272 1.461 19,912 2005 1.258 1.272 5,316 2004 1.140 1.258 -- 2003 1.000 1.140 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.635 1.799 -- 2006 1.488 1.635 118,005 2005 1.404 1.488 87,302 2004 1.156 1.404 16,199 2003 1.000 1.156 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.518 1.589 -- 2006 1.438 1.518 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.576 1.582 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.347 1.306 -- 2006 1.268 1.347 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.774 1.722 63,564 2006 1.615 1.774 64,360 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.565 2.000 891 2006 1.532 1.565 1,019 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.245 1.100 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.072 1.089 494,474 2006 1.001 1.072 459,659 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.068 1.052 179,238 2006 1.002 1.068 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.321 1.448 -- 2006 1.342 1.321 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.264 1.379 -- 2006 1.278 1.264 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.984 2.077 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.384 1.458 110,498 2006 1.256 1.384 113,435
29 VINTAGE 3 -- 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 Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.014 37,851 2006 1.003 1.216 34,117 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 273,723 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.445 1.485 -- 2006 1.348 1.445 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.142 1.259 -- 2006 1.089 1.142 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.153 1.203 475,119 2006 1.116 1.153 468,443 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.974 244,083 2006 1.003 1.025 249,125 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.312 1.546 6,145 2006 1.348 1.312 7,142 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.052 1.093 36,297 2006 1.017 1.052 36,305 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.287 1.259 -- 2006 1.256 1.287 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.296 1.319 7,232 2006 1.283 1.296 7,020 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.337 1.362 37,443 2006 1.308 1.337 45,657 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 -- 2006 1.002 1.051 --
30 VINTAGE 3 -- 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 MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.056 1.074 65,004 2006 1.002 1.056 64,097 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.303 1.329 270,997 2006 1.223 1.303 266,015 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.047 1.090 479,806 2006 0.996 1.047 492,976 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.065 1.138 -- 2006 0.998 1.065 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.120 -- 2006 1.115 1.099 274,083 2005 1.115 1.115 185,851 2004 1.046 1.115 10,245 2003 1.000 1.046 -- PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.073 1.143 593,740 2006 1.056 1.073 592,484 2005 1.052 1.056 470,959 2004 1.024 1.052 4,979 2003 1.000 1.024 -- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.355 1.463 -- 2006 1.246 1.355 -- 2005 1.186 1.246 -- 2004 1.126 1.186 -- 2003 1.000 1.126 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.845 1.995 -- 2006 1.475 1.845 -- 2005 1.343 1.475 -- 2004 1.180 1.343 -- 2003 1.000 1.180 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 1.839 1.961 -- 2006 1.601 1.839 -- 2005 1.528 1.601 -- 2004 1.236 1.528 -- 2003 1.000 1.236 --
31 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.262 1.342 -- 2005 1.185 1.262 -- 2004 1.136 1.185 -- 2003 1.000 1.136 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.246 1.308 -- 2005 1.218 1.246 45,518 2004 1.132 1.218 -- 2003 1.000 1.132 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.247 1.283 -- 2005 1.172 1.247 1,666 2004 1.123 1.172 -- 2003 1.000 1.123 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.106 1.174 -- 2005 1.000 1.106 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.020 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.051 1.087 -- 2005 1.008 1.051 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.084 1.129 -- 2005 1.000 1.084 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.047 -- 2005 1.000 1.028 -- Travelers Managed Income Subaccount (3/02)......... 2006 1.029 1.017 -- 2005 1.036 1.029 27,974 2004 1.029 1.036 21,513 2003 1.000 1.029 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.357 1.438 -- 2005 1.236 1.357 -- 2004 1.090 1.236 -- 2003 1.000 1.090 --
32 VINTAGE 3 -- 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 (3/02).. 2006 1.276 1.348 -- 2005 1.264 1.276 6,041 2004 1.132 1.264 -- 2003 1.000 1.132 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.187 1.223 -- 2005 1.177 1.187 96,384 2004 1.078 1.177 9,432 2003 1.000 1.078 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.164 1.256 -- 2005 1.117 1.164 125,223 2004 1.000 1.117 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.408 1.615 -- 2005 1.313 1.408 3,713 2004 1.158 1.313 -- 2003 1.000 1.158 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.273 1.348 -- 2005 1.226 1.273 -- 2004 1.127 1.226 -- 2003 1.000 1.127 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.089 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.107 1.116 -- 2005 1.091 1.107 119,462 2004 1.000 1.091 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.204 1.254 -- 2005 1.205 1.204 -- 2004 1.116 1.205 -- 2003 1.000 1.116 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.026 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.107 1.268 -- 2005 1.000 1.107 -- Travelers Van Kampen Enterprise Subaccount (1/00).. 2006 1.212 1.256 -- 2005 1.148 1.212 -- 2004 1.128 1.148 -- 2003 1.000 1.128 --
33 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (4/02).......................................... 2007 1.244 1.425 -- 2006 1.236 1.244 -- 2005 1.169 1.236 -- 2004 1.115 1.169 -- 2003 1.000 1.115 --
VINTAGE 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.075 1.149 -- 2006 1.000 1.075 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.258 1.319 -- 2005 1.218 1.258 7,238 2004 1.178 1.218 7,578 2003 0.963 1.178 10,027 2002 1.000 0.963 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (6/02)................................... 2006 1.380 1.440 -- 2005 1.349 1.380 863,304 2004 1.241 1.349 671,346 2003 0.960 1.241 324,534 2002 1.000 0.960 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.360 1.321 -- 2005 1.211 1.360 551,459 2004 1.143 1.211 216,941 2003 0.948 1.143 66,077 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/02)............................................. 2007 1.898 2.131 5,750,415 2006 1.612 1.898 5,865,325 2005 1.445 1.612 5,479,126 2004 1.302 1.445 3,301,874 2003 0.984 1.302 560,403 2002 1.000 0.984 --
34 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth Subaccount (Class 2) (12/01)............................................ 2007 1.730 1.901 13,652,536 2006 1.606 1.730 14,897,001 2005 1.413 1.606 15,362,612 2004 1.285 1.413 9,273,858 2003 0.960 1.285 2,482,245 2002 1.000 0.960 -- American Funds Growth-Income Subaccount (Class 2) (12/01)............................................ 2007 1.582 1.625 16,274,773 2006 1.404 1.582 18,131,781 2005 1.357 1.404 18,636,981 2004 1.257 1.357 12,269,497 2003 0.971 1.257 2,985,394 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.597 1.577 -- 2005 1.382 1.597 144,490 2004 1.183 1.382 85,167 2003 0.968 1.183 62,369 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.773 2.300 -- 2005 1.692 1.773 621,716 2004 1.317 1.692 363,487 2003 1.005 1.317 141,660 2002 1.000 1.005 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.291 1.401 -- 2005 1.199 1.291 491,266 2004 1.073 1.199 200,346 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.433 -- 2005 1.197 1.289 558,937 2004 1.067 1.197 213,448 2003 1.000 1.067 --
35 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/02)............................................. 2007 1.749 2.010 5,644,514 2006 1.603 1.749 6,450,192 2005 1.403 1.603 6,370,669 2004 1.244 1.403 3,260,531 2003 0.991 1.244 1,112,778 2002 1.000 0.991 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.061 2.324 3,519,694 2006 1.875 2.061 4,235,804 2005 1.625 1.875 4,190,757 2004 1.333 1.625 2,561,023 2003 0.986 1.333 731,326 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.190 1.207 2,206,495 2006 1.030 1.190 1,855,434 2005 1.000 1.030 473,972 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (5/02)........................ 2007 1.543 1.678 1,184,848 2006 1.452 1.543 1,284,037 2005 1.417 1.452 1,496,822 2004 1.300 1.417 1,111,279 2003 0.969 1.300 297,552 2002 1.000 0.969 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.448 1.676 -- 2005 1.340 1.448 3,992,826 2004 1.217 1.340 2,095,459 2003 0.994 1.217 723,595 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.740 3.450 1,491,164 2006 2.188 2.740 1,654,953 2005 1.756 2.188 1,505,095 2004 1.440 1.756 466,250 2003 1.000 1.440 91,391
36 VINTAGE 3 -- 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 Templeton Foreign Securities Subaccount (Class 2) (5/02)................................... 2007 1.895 2.139 4,492,483 2006 1.596 1.895 4,708,415 2005 1.481 1.596 4,568,600 2004 1.278 1.481 2,330,211 2003 0.989 1.278 519,279 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.524 1.815 -- 2005 1.431 1.524 2,064,621 2004 1.262 1.431 594,562 2003 0.976 1.262 206,659 2002 1.000 0.976 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (4/02)..................................... 2007 1.851 2.203 112,413 2006 1.671 1.851 72,150 2005 1.525 1.671 71,823 2004 1.295 1.525 17,001 2003 0.983 1.295 9,106 2002 1.000 0.983 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.517 1.693 -- 2005 1.492 1.517 896,870 2004 1.328 1.492 512,682 2003 1.000 1.328 58,521 Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (4/02)............................................. 2007 1.383 1.469 -- 2006 1.318 1.383 129,733 2005 1.268 1.318 64,976 2004 1.260 1.268 30,641 2003 0.960 1.260 15,353 2002 1.000 0.960 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (12/01)............................................ 2007 1.561 1.549 8,906,242 2006 1.467 1.561 10,359,253 2005 1.344 1.467 11,136,013 2004 1.250 1.344 8,924,780 2003 0.951 1.250 2,994,791 2002 1.000 0.951 --
37 VINTAGE 3 -- 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 Appreciation Subaccount (Class I) (2/02).... 2007 1.448 1.535 3,969,301 2006 1.290 1.448 4,321,712 2005 1.265 1.290 5,012,226 2004 1.190 1.265 4,141,171 2003 0.977 1.190 1,561,246 2002 1.000 0.977 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.447 1.443 2,128,546 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.320 1.360 15,401,474 2006 1.222 1.320 17,342,699 2005 1.199 1.222 19,350,145 2004 1.168 1.199 13,207,492 2003 0.979 1.168 2,672,484 2002 1.000 0.979 -- LMPVET Capital Subaccount (10/02).................. 2007 1.485 1.479 17,312,994 2006 1.337 1.485 19,863,305 2005 1.299 1.337 21,918,724 2004 1.245 1.299 14,950,399 2003 0.969 1.245 3,309,858 2002 1.000 0.969 -- LMPVET Dividend Strategy Subaccount (9/02)......... 2007 1.323 1.376 556,926 2006 1.147 1.323 646,905 2005 1.175 1.147 663,758 2004 1.163 1.175 499,442 2003 0.963 1.163 171,776 2002 1.000 0.963 -- LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.493 1.532 1,945,549 2006 1.327 1.493 2,451,798 2005 1.302 1.327 2,839,502 2004 1.208 1.302 2,252,137 2003 0.967 1.208 1,148,700 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (2/02)............................................. 2007 1.621 1.605 9,355,548 2006 1.419 1.621 8,782,807 2005 1.385 1.419 9,239,878 2004 1.309 1.385 8,216,033 2003 0.966 1.309 2,834,488 2002 1.000 0.966 --
38 VINTAGE 3 -- 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 Global Equity Subaccount (10/02)............ 2007 1.566 1.606 4,087,307 2006 1.390 1.566 4,543,622 2005 1.335 1.390 4,997,367 2004 1.238 1.335 2,387,094 2003 0.962 1.238 490,264 2002 1.000 0.962 -- LMPVET International All Cap Opportunity Subaccount (8/02)............................................. 2007 1.903 1.978 5,370 2006 1.546 1.903 26,594 2005 1.416 1.546 26,594 2004 1.228 1.416 20,659 2003 0.986 1.228 16,617 2002 1.000 0.986 -- LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.612 1.637 1,382,632 2006 1.394 1.612 1,610,692 2005 1.338 1.394 1,852,362 2004 1.240 1.338 1,547,557 2003 0.958 1.240 657,293 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (2/02)............................................. 2007 1.409 1.451 2,507,800 2006 1.378 1.409 3,160,788 2005 1.339 1.378 3,424,059 2004 1.365 1.339 3,125,256 2003 0.946 1.365 1,176,777 2002 1.000 0.946 -- LMPVET Mid Cap Core Subaccount (Class I) (2/02).... 2007 1.591 1.666 1,353,426 2006 1.417 1.591 1,737,713 2005 1.338 1.417 1,933,083 2004 1.239 1.338 1,628,496 2003 0.977 1.239 733,971 2002 1.000 0.977 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.407 1.425 -- 2006 1.282 1.407 2,777,247 2005 1.266 1.282 3,120,861 2004 1.213 1.266 1,741,885 2003 0.961 1.213 576,357 2002 1.000 0.961 --
39 VINTAGE 3 -- 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 Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.797 1.933 1,002,073 2006 1.630 1.797 707,497 2005 1.589 1.630 758,509 2004 1.412 1.589 681,109 2003 0.970 1.412 195,339 2002 1.000 0.970 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.005 0.995 2,218,606 2006 0.987 1.005 2,330,493 2005 0.986 0.987 2,390,703 2004 0.997 0.986 1,892,813 2003 1.000 0.997 14,435 LMPVIT Diversified Srategic Income Subaccount (3/02)............................................. 2007 1.190 1.187 2,414,317 2006 1.155 1.190 2,807,755 2005 1.152 1.155 3,581,641 2004 1.103 1.152 2,920,201 2003 1.010 1.103 887,819 2002 1.000 1.010 -- LMPVIT High Income Subaccount (3/02)............... 2007 1.476 1.448 3,775,352 2006 1.361 1.476 4,201,814 2005 1.356 1.361 5,049,829 2004 1.256 1.356 3,993,608 2003 1.007 1.256 1,647,756 2002 1.000 1.007 -- LMPVIT Money Market Subaccount (4/02).............. 2007 0.998 1.023 4,806,963 2006 0.975 0.998 3,098,109 2005 0.970 0.975 3,019,588 2004 0.984 0.970 2,251,784 2003 0.999 0.984 888,448 2002 1.000 0.999 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (6/02)................................... 2007 1.731 1.844 -- 2006 1.568 1.731 465,300 2005 1.529 1.568 449,352 2004 1.353 1.529 361,221 2003 0.974 1.353 162,355 2002 1.000 0.974 --
40 VINTAGE 3 -- 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 Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.624 1.700 -- 2006 1.406 1.624 2,877,618 2005 1.382 1.406 3,274,732 2004 1.305 1.382 2,835,223 2003 0.960 1.305 1,303,133 2002 1.000 0.960 -- Legg Mason Partners Variable Portfolios III, Inc. LMPVPIII Large Cap Value Subaccount (2/02)......... 2007 1.575 1.652 -- 2006 1.362 1.575 23,078 2005 1.308 1.362 57,391 2004 1.209 1.308 58,386 2003 0.969 1.209 36,575 2002 1.000 0.969 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.578 1.636 -- 2006 1.376 1.578 2,148,289 2005 1.363 1.376 2,139,915 2004 1.237 1.363 1,226,122 2003 1.000 1.237 154,434 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.764 1.940 -- 2006 1.608 1.764 2,597,442 2005 1.519 1.608 2,921,421 2004 1.252 1.519 1,430,939 2003 1.000 1.252 131,586 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.599 1.673 -- 2006 1.516 1.599 288,998 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.659 1.664 275,264 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.344 1.301 141,573 2006 1.266 1.344 56,705 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.919 1.860 1,183,921 2006 1.749 1.919 1,285,532 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.610 2.054 335,365 2006 1.577 1.610 167,521 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.242 1.095 29,184
41 VINTAGE 3 -- 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 Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.071 1.086 7,894,276 2006 1.001 1.071 6,479,999 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.050 3,907,281 2006 1.002 1.067 53,483 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.414 1.548 388,142 2006 1.438 1.414 530,563 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.261 1.373 14,747 2006 1.276 1.261 20,057 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.090 2.185 399,355 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.378 1.450 881,632 2006 1.252 1.378 940,120 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.215 1.012 1,041,987 2006 1.003 1.215 1,328,851 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.115 1.175 4,219,764 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.544 1.585 386,132 2006 1.443 1.544 413,816 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.140 1.256 -- 2006 1.088 1.140 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.148 1.197 3,342,022 2006 1.113 1.148 3,470,815 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.971 4,117,977 2006 1.003 1.024 2,422,847 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.506 1.773 512,690 2006 1.549 1.506 636,005 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.095 1.136 4,080,265 2006 1.059 1.095 4,842,617 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.347 1.315 95,375 2006 1.316 1.347 118,219 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.353 1.375 931,502 2006 1.341 1.353 1,120,739
42 VINTAGE 3 -- 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 FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.445 1.470 2,728,713 2006 1.414 1.445 3,166,062 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.056 1.066 71,005 2006 1.002 1.056 553 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.038 1.071 1,250,777 2006 1.001 1.038 408,562 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.070 1,307,227 2006 1.002 1.045 229,794 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.071 360,610 2006 1.002 1.050 164,786 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.071 307,212 2006 1.002 1.055 214,580 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.351 1.376 10,182,581 2006 1.269 1.351 11,196,229 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.087 4,042,587 2006 0.996 1.046 4,363,967 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.136 625,232 2006 0.998 1.064 747,985 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.091 1.110 -- 2006 1.108 1.091 4,183,557 2005 1.110 1.108 4,183,574 2004 1.042 1.110 2,075,669 2003 1.000 1.042 364,430 PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.084 1.152 15,269,678 2006 1.067 1.084 15,751,561 2005 1.066 1.067 16,295,872 2004 1.039 1.066 11,030,522 2003 1.012 1.039 4,444,217 2002 1.000 1.012 --
43 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.481 1.598 -- 2006 1.364 1.481 -- 2005 1.301 1.364 -- 2004 1.237 1.301 -- 2003 0.958 1.237 -- 2002 1.000 0.958 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.945 2.101 -- 2006 1.557 1.945 502,297 2005 1.420 1.557 503,884 2004 1.249 1.420 507,731 2003 0.994 1.249 378,045 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 2.117 2.256 -- 2006 1.846 2.117 1,084,311 2005 1.764 1.846 1,127,527 2004 1.429 1.764 802,610 2003 0.977 1.429 446,380 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.353 1.438 -- 2005 1.273 1.353 533,485 2004 1.222 1.273 433,213 2003 0.967 1.222 173,834 2002 1.000 0.967 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.349 1.414 -- 2005 1.320 1.349 3,470,760 2004 1.229 1.320 2,356,302 2003 0.958 1.229 933,491 2002 1.000 0.958 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.304 1.341 -- 2005 1.227 1.304 761,388 2004 1.178 1.227 638,667 2003 0.966 1.178 246,621 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.173 -- 2005 1.000 1.105 474
44 VINTAGE 3 -- 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 Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.018 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.086 -- 2005 1.008 1.050 113,761 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 238,769 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.045 -- 2005 1.000 1.028 8,861 Travelers Managed Income Subaccount (3/02)......... 2006 1.072 1.059 -- 2005 1.081 1.072 5,358,347 2004 1.075 1.081 4,415,032 2003 1.014 1.075 1,389,623 2002 1.000 1.014 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.431 1.516 -- 2005 1.306 1.431 360,257 2004 1.153 1.306 236,555 2003 0.973 1.153 123,529 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.467 1.549 -- 2005 1.456 1.467 662,001 2004 1.305 1.456 183,666 2003 0.974 1.305 138,108 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.232 1.269 -- 2005 1.224 1.232 12,161,644 2004 1.123 1.224 8,449,630 2003 0.986 1.123 3,040,252 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.162 1.252 -- 2005 1.116 1.162 692,556 2004 1.000 1.116 152,817
45 VINTAGE 3 -- 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 (3/02)............................................. 2006 1.526 1.749 -- 2005 1.425 1.526 1,407,512 2004 1.259 1.425 820,537 2003 1.001 1.259 85,856 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.363 1.443 -- 2005 1.315 1.363 524,811 2004 1.210 1.315 202,670 2003 1.000 1.210 4,367 Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.088 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.104 1.113 -- 2005 1.089 1.104 3,120,622 2004 1.000 1.089 438,335 Travelers Strategic Equity Subaccount (4/02)....... 2006 1.351 1.407 -- 2005 1.354 1.351 459,855 2004 1.256 1.354 421,151 2003 0.969 1.256 331,406 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.111 1.276 -- 2005 1.026 1.111 8,175 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 -- Travelers Van Kampen Enterprise Subaccount (1/00).. 2006 1.270 1.316 -- 2005 1.205 1.270 242,757 2004 1.186 1.205 112,094 2003 0.966 1.186 157,881 2002 1.000 0.966 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (4/02).......................................... 2007 1.327 1.517 146,672 2006 1.319 1.327 162,826 2005 1.250 1.319 148,862 2004 1.195 1.250 104,386 2003 0.959 1.195 55,188 2002 1.000 0.959 --
46 VINTAGE 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.075 1.148 -- 2006 1.000 1.075 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.039 1.089 -- 2005 1.000 1.039 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (6/02)................................... 2006 1.008 1.051 -- 2005 1.000 1.008 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.155 1.121 -- 2005 1.000 1.155 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/02)............................................. 2007 1.314 1.474 -- 2006 1.116 1.314 -- 2005 1.000 1.116 -- American Funds Growth Subaccount (Class 2) (12/01)............................................ 2007 1.231 1.351 11,675 2006 1.143 1.231 11,675 2005 1.000 1.143 7,957 American Funds Growth-Income Subaccount (Class 2) (12/01)............................................ 2007 1.169 1.200 -- 2006 1.039 1.169 -- 2005 1.000 1.039 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.165 1.150 -- 2005 1.000 1.165 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.083 1.404 -- 2005 1.000 1.083 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.076 1.168 -- 2005 1.000 1.076 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.102 1.226 -- 2005 1.000 1.102 --
47 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/02)............................................. 2007 1.234 1.417 -- 2006 1.132 1.234 -- 2005 1.000 1.132 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.250 1.408 -- 2006 1.138 1.250 -- 2005 1.000 1.138 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.189 1.206 12,572 2006 1.029 1.189 12,572 2005 1.000 1.029 8,420 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (5/02)........................ 2007 1.116 1.213 -- 2006 1.051 1.116 -- 2005 1.000 1.051 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.079 1.248 -- 2005 1.000 1.079 8,302 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.511 1.902 -- 2006 1.207 1.511 -- 2005 1.000 1.207 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/02)................................... 2007 1.271 1.434 17,644 2006 1.071 1.271 -- 2005 1.000 1.071 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.061 1.263 -- 2005 1.000 1.061 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (4/02)..................................... 2007 1.221 1.453 -- 2006 1.103 1.221 -- 2005 1.000 1.103 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.028 1.147 -- 2005 1.000 1.028 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (4/02)............................................. 2007 1.093 1.161 -- 2006 1.042 1.093 -- 2005 1.000 1.042 --
48 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (12/01)............................................ 2007 1.177 1.167 -- 2006 1.107 1.177 -- 2005 1.000 1.107 -- LMPVET Appreciation Subaccount (Class I) (2/02).... 2007 1.136 1.204 -- 2006 1.013 1.136 -- 2005 1.000 1.013 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.147 1.144 -- LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.110 1.143 459,689 2006 1.028 1.110 459,689 2005 1.000 1.028 142,365 LMPVET Capital Subaccount (10/02).................. 2007 1.157 1.152 -- 2006 1.042 1.157 -- 2005 1.000 1.042 -- LMPVET Dividend Strategy Subaccount (9/02)......... 2007 1.127 1.173 -- 2006 0.978 1.127 -- 2005 1.000 0.978 -- LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.153 1.183 -- 2006 1.025 1.153 -- 2005 1.000 1.025 -- LMPVET Fundamental Value Subaccount (Class I) (2/02)............................................. 2007 1.185 1.173 -- 2006 1.038 1.185 -- 2005 1.000 1.038 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.185 1.215 303,869 2006 1.052 1.185 303,869 2005 1.000 1.052 97,903 LMPVET International All Cap Opportunity Subaccount (8/02)............................................. 2007 1.336 1.388 -- 2006 1.086 1.336 -- 2005 1.000 1.086 -- LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.208 1.226 -- 2006 1.045 1.208 -- 2005 1.000 1.045 -- LMPVET Large Cap Growth Subaccount (Class I) (2/02)............................................. 2007 1.077 1.109 -- 2006 1.054 1.077 -- 2005 1.000 1.054 --
49 VINTAGE 3 -- 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 Mid Cap Core Subaccount (Class I) (2/02).... 2007 1.199 1.255 -- 2006 1.068 1.199 -- 2005 1.000 1.068 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.116 1.130 -- 2006 1.017 1.116 -- 2005 1.000 1.017 -- LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.183 1.272 -- 2006 1.074 1.183 -- 2005 1.000 1.074 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.018 1.008 -- 2006 1.000 1.018 -- 2005 1.000 1.000 -- LMPVIT Diversified Srategic Income Subaccount (3/02)............................................. 2007 1.024 1.021 -- 2006 0.994 1.024 -- 2005 1.000 0.994 -- LMPVIT High Income Subaccount (3/02)............... 2007 1.081 1.059 -- 2006 0.996 1.081 -- 2005 1.000 0.996 -- LMPVIT Money Market Subaccount (4/02).............. 2007 1.028 1.054 -- 2006 1.005 1.028 -- 2005 1.000 1.005 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (6/02)................................... 2007 1.185 1.262 -- 2006 1.074 1.185 -- 2005 1.000 1.074 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.192 1.248 -- 2006 1.033 1.192 -- 2005 1.000 1.033 -- Legg Mason Partners Variable Portfolios III, Inc. LMPVPIII Large Cap Value Subaccount (2/02)......... 2007 1.208 1.267 -- 2006 1.045 1.208 -- 2005 1.000 1.045 --
50 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.173 1.216 -- 2006 1.023 1.173 -- 2005 1.000 1.023 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.176 1.294 -- 2006 1.073 1.176 -- 2005 1.000 1.073 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.215 1.272 -- 2006 1.153 1.215 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.261 1.264 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.343 1.299 -- 2006 1.266 1.343 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.341 1.299 -- 2006 1.223 1.341 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.174 1.497 -- 2006 1.150 1.174 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.240 1.094 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.071 1.085 14,114 2006 1.001 1.071 14,114 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.049 -- 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.127 1.232 -- 2006 1.146 1.127 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.260 1.371 -- 2006 1.275 1.260 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.469 1.535 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.226 1.290 -- 2006 1.115 1.226 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.011 -- 2006 1.003 1.214 --
51 VINTAGE 3 -- 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 PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 0.995 1.048 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.182 1.213 -- 2006 1.104 1.182 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.139 1.254 -- 2006 1.087 1.139 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.044 1.088 -- 2006 1.013 1.044 -- 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 1.072 1.261 -- 2006 1.103 1.072 -- MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.008 1.045 -- 2006 0.976 1.008 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.134 1.107 -- 2006 1.108 1.134 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.114 1.131 -- 2006 1.104 1.114 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.100 1.119 -- 2006 1.077 1.100 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.065 -- 2006 1.002 1.055 -- 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 -- 2006 1.002 1.044 -- 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 -- 2006 1.002 1.054 --
52 VINTAGE 3 -- 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 MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.104 1.124 -- 2006 1.038 1.104 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.086 -- 2006 0.996 1.046 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.135 -- 2006 0.998 1.064 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 0.973 0.991 -- 2006 0.989 0.973 -- 2005 1.000 0.989 -- PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.012 1.076 19,653 2006 0.998 1.012 19,653 2005 1.000 0.998 13,117 Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.157 1.248 -- 2006 1.066 1.157 -- 2005 1.000 1.066 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.367 1.477 -- 2006 1.095 1.367 -- 2005 1.000 1.095 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 1.207 1.286 -- 2006 1.053 1.207 -- 2005 1.000 1.053 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.079 1.146 -- 2005 1.000 1.079 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.028 1.077 -- 2005 1.000 1.028 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.074 1.104 -- 2005 1.000 1.074 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.172 -- 2005 1.000 1.105 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.018 -- 2005 1.006 1.016 --
53 VINTAGE 3 -- 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 Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 -- Travelers Managed Income Subaccount (3/02)......... 2006 0.987 0.976 -- 2005 1.000 0.987 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.089 1.153 -- 2005 1.000 1.089 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.045 1.103 -- 2005 1.000 1.045 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.008 1.038 -- 2005 1.000 1.008 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.034 1.115 -- 2005 1.000 1.034 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.067 1.223 -- 2005 1.000 1.067 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.043 1.104 -- 2005 1.000 1.043 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.005 1.013 -- 2005 1.000 1.005 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.042 1.085 -- 2005 1.000 1.042 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 --
54 VINTAGE 3 -- 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 Van Kampen Enterprise Subaccount (1/00).. 2006 1.070 1.108 -- 2005 1.000 1.070 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (4/02).......................................... 2007 1.079 1.233 -- 2006 1.073 1.079 -- 2005 1.000 1.073 --
VINTAGE 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.074 1.148 -- 2006 1.000 1.074 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.184 1.241 -- 2005 1.148 1.184 -- 2004 1.111 1.148 -- 2003 1.000 1.111 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (6/02)................................... 2006 1.242 1.295 -- 2005 1.215 1.242 111,636 2004 1.119 1.215 -- 2003 1.000 1.119 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.296 1.258 -- 2005 1.155 1.296 26,995 2004 1.092 1.155 -- 2003 1.000 1.092 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/02)............................................. 2007 1.724 1.933 1,700,960 2006 1.465 1.724 1,666,157 2005 1.315 1.465 1,016,509 2004 1.186 1.315 12,546 2003 1.000 1.186 -- American Funds Growth Subaccount (Class 2) (12/01)............................................ 2007 1.541 1.691 5,693,274 2006 1.432 1.541 5,630,680 2005 1.261 1.432 3,527,301 2004 1.148 1.261 176,039 2003 1.000 1.148 --
55 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth-Income Subaccount (Class 2) (12/01)............................................ 2007 1.437 1.474 5,370,891 2006 1.277 1.437 5,169,568 2005 1.235 1.277 3,353,279 2004 1.145 1.235 116,974 2003 1.000 1.145 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.541 1.522 -- 2005 1.335 1.541 68,905 2004 1.143 1.335 -- 2003 1.000 1.143 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.534 1.987 -- 2005 1.465 1.534 178,945 2004 1.142 1.465 -- 2003 1.000 1.142 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.398 -- 2005 1.197 1.289 105,878 2004 1.073 1.197 2,361 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.430 -- 2005 1.195 1.286 364,009 2004 1.066 1.195 4,323 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/02)............................................. 2007 1.598 1.834 3,038,416 2006 1.466 1.598 3,204,130 2005 1.284 1.466 1,643,270 2004 1.140 1.284 -- 2003 1.000 1.140 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.844 2.078 1,524,858 2006 1.680 1.844 1,729,473 2005 1.457 1.680 916,237 2004 1.197 1.457 7,282 2003 1.000 1.197 --
56 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.188 1.204 3,407,218 2006 1.029 1.188 3,115,165 2005 1.000 1.029 1,574,335 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (5/02)........................ 2007 1.410 1.531 89,549 2006 1.328 1.410 66,994 2005 1.297 1.328 35,814 2004 1.191 1.297 7,965 2003 1.000 1.191 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.326 1.534 -- 2005 1.228 1.326 1,018,600 2004 1.116 1.228 8,874 2003 1.000 1.116 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.393 3.010 1,112,320 2006 1.913 2.393 1,165,243 2005 1.537 1.913 605,698 2004 1.261 1.537 -- 2003 1.000 1.261 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/02)................................... 2007 1.736 1.957 1,685,764 2006 1.463 1.736 1,664,516 2005 1.359 1.463 831,353 2004 1.174 1.359 -- 2003 1.000 1.174 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.398 1.663 -- 2005 1.315 1.398 740,845 2004 1.160 1.315 13,918 2003 1.000 1.160 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (4/02)..................................... 2007 1.626 1.933 219,810 2006 1.469 1.626 15,653 2005 1.342 1.469 13,248 2004 1.140 1.342 -- 2003 1.000 1.140 --
57 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.336 1.490 -- 2005 1.315 1.336 212,912 2004 1.172 1.315 -- 2003 1.000 1.172 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (4/02)............................................. 2007 1.258 1.336 -- 2006 1.200 1.258 -- 2005 1.156 1.200 -- 2004 1.150 1.156 -- 2003 1.000 1.150 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (12/01)............................................ 2007 1.412 1.400 1,690,122 2006 1.329 1.412 1,717,595 2005 1.219 1.329 999,469 2004 1.135 1.219 115,318 2003 1.000 1.135 -- LMPVET Appreciation Subaccount (Class I) (2/02).... 2007 1.358 1.438 750,790 2006 1.211 1.358 803,043 2005 1.188 1.211 713,566 2004 1.118 1.188 76,543 2003 1.000 1.118 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.333 1.329 529,481 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.227 1.262 5,673,888 2006 1.136 1.227 6,727,026 2005 1.116 1.136 4,734,449 2004 1.088 1.116 405,533 2003 1.000 1.088 -- LMPVET Capital Subaccount (10/02).................. 2007 1.340 1.333 3,225,774 2006 1.208 1.340 3,329,829 2005 1.174 1.208 2,300,292 2004 1.128 1.174 33,414 2003 1.000 1.128 -- LMPVET Dividend Strategy Subaccount (9/02)......... 2007 1.248 1.297 58,801 2006 1.083 1.248 59,250 2005 1.111 1.083 59,581 2004 1.100 1.111 -- 2003 1.000 1.100 --
58 VINTAGE 3 -- 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 Equity Index Subaccount (Class II) (6/02)... 2007 1.392 1.426 761,039 2006 1.237 1.392 771,088 2005 1.215 1.237 779,368 2004 1.129 1.215 76,132 2003 1.000 1.129 -- LMPVET Fundamental Value Subaccount (Class I) (2/02)............................................. 2007 1.441 1.425 901,568 2006 1.263 1.441 806,411 2005 1.234 1.263 585,496 2004 1.167 1.234 44,212 2003 1.000 1.167 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.436 1.472 2,457,195 2006 1.276 1.436 2,605,918 2005 1.226 1.276 1,206,797 2004 1.139 1.226 15,706 2003 1.000 1.139 -- LMPVET International All Cap Opportunity Subaccount (8/02)............................................. 2007 1.811 1.881 -- 2006 1.473 1.811 -- 2005 1.350 1.473 -- 2004 1.172 1.350 -- 2003 1.000 1.172 -- LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.485 1.507 61,312 2006 1.285 1.485 61,338 2005 1.235 1.285 45,577 2004 1.146 1.235 -- 2003 1.000 1.146 -- LMPVET Large Cap Growth Subaccount (Class I) (2/02)............................................. 2007 1.202 1.236 408,457 2006 1.176 1.202 421,840 2005 1.144 1.176 409,917 2004 1.167 1.144 -- 2003 1.000 1.167 -- LMPVET Mid Cap Core Subaccount (Class I) (2/02).... 2007 1.481 1.550 483,633 2006 1.321 1.481 511,464 2005 1.248 1.321 621,784 2004 1.157 1.248 250,879 2003 1.000 1.157 --
59 VINTAGE 3 -- 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 Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.297 1.313 -- 2006 1.182 1.297 607,583 2005 1.169 1.182 536,248 2004 1.121 1.169 26,484 2003 1.000 1.121 -- LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.568 1.684 125,683 2006 1.423 1.568 16,353 2005 1.389 1.423 24,636 2004 1.235 1.389 4,834 2003 1.000 1.235 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.001 0.991 561,560 2006 0.985 1.001 625,082 2005 0.985 0.985 488,307 2004 0.997 0.985 103,512 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (3/02)............................................. 2007 1.136 1.131 69,170 2006 1.103 1.136 66,409 2005 1.101 1.103 64,928 2004 1.056 1.101 19,932 2003 1.000 1.056 -- LMPVIT High Income Subaccount (3/02)............... 2007 1.290 1.263 1,326,437 2006 1.190 1.290 1,263,399 2005 1.187 1.190 843,903 2004 1.100 1.187 71,552 2003 1.000 1.100 -- LMPVIT Money Market Subaccount (4/02).............. 2007 1.004 1.029 743,548 2006 0.983 1.004 266,863 2005 0.978 0.983 42,742 2004 0.993 0.978 131,110 2003 1.000 0.993 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (6/02)................................... 2007 1.574 1.675 -- 2006 1.427 1.574 113,559 2005 1.393 1.427 93,979 2004 1.233 1.393 -- 2003 1.000 1.233 --
60 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.450 1.517 -- 2006 1.257 1.450 -- 2005 1.236 1.257 -- 2004 1.169 1.236 -- 2003 1.000 1.169 -- Legg Mason Partners Variable Portfolios III, Inc. LMPVPIII Large Cap Value Subaccount (2/02)......... 2007 1.488 1.560 -- 2006 1.288 1.488 -- 2005 1.238 1.288 -- 2004 1.146 1.238 -- 2003 1.000 1.146 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.448 1.501 -- 2006 1.264 1.448 433,634 2005 1.253 1.264 394,021 2004 1.139 1.253 23,251 2003 1.000 1.139 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.621 1.783 -- 2006 1.479 1.621 877,639 2005 1.399 1.479 780,376 2004 1.155 1.399 29,210 2003 1.000 1.155 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.505 1.574 -- 2006 1.428 1.505 13,156 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.561 1.565 16,304 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.342 1.298 107,461 2006 1.265 1.342 50,885 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.759 1.703 302,392 2006 1.604 1.759 501,775 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.552 1.978 117,641 2006 1.522 1.552 88,498 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.239 1.092 18,766 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.070 1.084 2,855,504 2006 1.001 1.070 2,451,953
61 VINTAGE 3 -- 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 Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.048 1,305,651 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.310 1.432 55,303 2006 1.333 1.310 67,191 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.259 1.370 35,685 2006 1.275 1.259 26,785 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.966 2.054 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.374 1.445 483,577 2006 1.250 1.374 575,613 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.010 672,708 2006 1.003 1.214 756,100 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.114 1.174 1,328,069 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.433 1.469 182,216 2006 1.339 1.433 184,963 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.138 1.253 -- 2006 1.087 1.138 14,204 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.145 1.192 1,525,393 2006 1.111 1.145 1,395,968 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.970 1,537,653 2006 1.003 1.024 1,096,829 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.301 1.530 306,490 2006 1.339 1.301 52,352 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.043 1.082 930,557 2006 1.010 1.043 907,859 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.276 1.245 18,764 2006 1.247 1.276 18,513 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.285 1.305 218,554 2006 1.274 1.285 187,688 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.326 1.348 663,576 2006 1.299 1.326 708,097
62 VINTAGE 3 -- 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 MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.064 74,475 2006 1.002 1.055 363,846 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.070 27,446 2006 1.001 1.037 31,936 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.044 1.069 121,918 2006 1.002 1.044 116,217 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.049 1.069 567,070 2006 1.002 1.049 507,430 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.069 351,687 2006 1.002 1.054 359,886 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.292 1.315 1,537,627 2006 1.215 1.292 1,548,544 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.085 1,902,487 2006 0.996 1.046 1,959,165 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.134 28,624 2006 0.998 1.063 28,624 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.090 1.109 -- 2006 1.108 1.090 1,230,469 2005 1.111 1.108 971,586 2004 1.045 1.111 87,192 2003 1.000 1.045 -- PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.064 1.130 3,604,618 2006 1.049 1.064 3,118,644 2005 1.048 1.049 2,187,620 2004 1.023 1.048 92,831 2003 1.000 1.023 -- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.343 1.447 -- 2006 1.238 1.343 -- 2005 1.182 1.238 -- 2004 1.125 1.182 -- 2003 1.000 1.125 --
63 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.830 1.976 -- 2006 1.467 1.830 -- 2005 1.338 1.467 -- 2004 1.179 1.338 -- 2003 1.000 1.179 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 1.824 1.943 -- 2006 1.592 1.824 252,629 2005 1.523 1.592 237,163 2004 1.235 1.523 -- 2003 1.000 1.235 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.255 1.333 -- 2005 1.181 1.255 49,939 2004 1.135 1.181 9,847 2003 1.000 1.135 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.239 1.299 -- 2005 1.214 1.239 623,080 2004 1.131 1.214 38,632 2003 1.000 1.131 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.240 1.274 -- 2005 1.168 1.240 60,974 2004 1.122 1.168 -- 2003 1.000 1.122 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.171 -- 2005 1.000 1.104 295,809 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.017 -- 2005 1.006 1.016 31,450 Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 292,696 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.126 -- 2005 1.000 1.083 132,397 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 --
64 VINTAGE 3 -- 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 Managed Income Subaccount (3/02)......... 2006 1.023 1.010 -- 2005 1.033 1.023 746,775 2004 1.028 1.033 53,765 2003 1.000 1.028 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.349 1.428 -- 2005 1.232 1.349 10,886 2004 1.088 1.232 6,671 2003 1.000 1.088 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.269 1.339 -- 2005 1.260 1.269 38,726 2004 1.131 1.260 -- 2003 1.000 1.131 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.180 1.215 -- 2005 1.173 1.180 1,039,277 2004 1.077 1.173 63,089 2003 1.000 1.077 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.160 1.250 -- 2005 1.115 1.160 365,164 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.400 1.604 -- 2005 1.308 1.400 248,371 2004 1.157 1.308 2,184 2003 1.000 1.157 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.265 1.339 -- 2005 1.222 1.265 121,433 2004 1.126 1.222 -- 2003 1.000 1.126 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 3,792 Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.111 -- 2005 1.089 1.102 897,033 2004 1.000 1.089 8,613 Travelers Strategic Equity Subaccount (4/02)....... 2006 1.197 1.246 -- 2005 1.201 1.197 26,075 2004 1.115 1.201 -- 2003 1.000 1.115 --
65 VINTAGE 3 -- 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 Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 18,294 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.265 -- 2005 1.000 1.106 23,495 Travelers Van Kampen Enterprise Subaccount (1/00).. 2006 1.205 1.247 -- 2005 1.144 1.205 8,031 2004 1.127 1.144 -- 2003 1.000 1.127 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (4/02).......................................... 2007 1.234 1.410 3,613 2006 1.228 1.234 3,432 2005 1.165 1.228 3,556 2004 1.114 1.165 -- 2003 1.000 1.114 --
VINTAGE 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.074 1.147 -- 2006 1.000 1.074 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.251 1.310 -- 2005 1.213 1.251 -- 2004 1.175 1.213 -- 2003 0.963 1.175 -- 2002 1.000 0.963 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Growth and Income Subaccount (Class B) (6/02)................................... 2006 1.372 1.430 -- 2005 1.344 1.372 3,686 2004 1.238 1.344 3,990 2003 0.960 1.238 -- 2002 1.000 0.960 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.352 1.310 -- 2005 1.206 1.352 -- 2004 1.141 1.206 -- 2003 0.947 1.141 -- 2002 1.000 0.947 --
66 VINTAGE 3 -- 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 Insurance Series American Funds Global Growth Subaccount (Class 2) (2/02)............................................. 2007 1.882 2.109 151,884 2006 1.602 1.882 143,905 2005 1.439 1.602 138,235 2004 1.299 1.439 117,326 2003 0.984 1.299 27,500 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (12/01)............................................ 2007 1.717 1.882 369,608 2006 1.596 1.717 388,127 2005 1.408 1.596 400,790 2004 1.282 1.408 310,557 2003 0.960 1.282 18,290 2002 1.000 0.960 -- American Funds Growth-Income Subaccount (Class 2) (12/01)............................................ 2007 1.569 1.608 692,058 2006 1.396 1.569 691,666 2005 1.352 1.396 698,656 2004 1.255 1.352 519,464 2003 0.971 1.255 98,877 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.588 1.567 -- 2005 1.377 1.588 -- 2004 1.180 1.377 -- 2003 0.968 1.180 -- 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.763 2.281 -- 2005 1.685 1.763 16,074 2004 1.314 1.685 15,026 2003 1.005 1.314 -- 2002 1.000 1.005 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.394 -- 2005 1.196 1.286 121,502 2004 1.073 1.196 81,602 2003 1.000 1.073 --
67 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.283 1.426 -- 2005 1.194 1.283 50,696 2004 1.066 1.194 23,600 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/02)............................................. 2007 1.735 1.990 101,736 2006 1.594 1.735 92,099 2005 1.397 1.594 88,318 2004 1.242 1.397 82,528 2003 0.991 1.242 -- 2002 1.000 0.991 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.044 2.300 98,210 2006 1.864 2.044 92,492 2005 1.618 1.864 87,770 2004 1.330 1.618 55,163 2003 0.986 1.330 -- 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.186 1.201 29,978 2006 1.028 1.186 -- 2005 1.000 1.028 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (5/02)........................ 2007 1.530 1.661 29,907 2006 1.443 1.530 33,135 2005 1.411 1.443 53,779 2004 1.297 1.411 76,355 2003 0.968 1.297 4,318 2002 1.000 0.968 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.440 1.663 -- 2005 1.334 1.440 109,818 2004 1.214 1.334 66,367 2003 0.994 1.214 -- 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.720 3.418 84,813 2006 2.176 2.720 88,968 2005 1.750 2.176 77,549 2004 1.438 1.750 48,873 2003 1.000 1.438 3,951
68 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (5/02)................................... 2007 1.880 2.117 301,696 2006 1.586 1.880 324,994 2005 1.475 1.586 319,848 2004 1.275 1.475 261,521 2003 0.988 1.275 22,009 2002 1.000 0.988 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.514 1.800 -- 2005 1.425 1.514 34,123 2004 1.259 1.425 18,185 2003 0.976 1.259 -- 2002 1.000 0.976 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (4/02)..................................... 2007 1.837 2.181 14,917 2006 1.661 1.837 12,120 2005 1.519 1.661 12,120 2004 1.292 1.519 5,260 2003 0.983 1.292 -- 2002 1.000 0.983 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.509 1.681 -- 2005 1.487 1.509 117,932 2004 1.326 1.487 115,028 2003 1.000 1.326 16,913 Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (4/02)............................................. 2007 1.372 1.456 -- 2006 1.310 1.372 -- 2005 1.262 1.310 -- 2004 1.258 1.262 -- 2003 0.960 1.258 -- 2002 1.000 0.960 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (12/01)............................................ 2007 1.549 1.534 170,798 2006 1.459 1.549 188,482 2005 1.339 1.459 193,981 2004 1.248 1.339 199,978 2003 0.951 1.248 -- 2002 1.000 0.951 --
69 VINTAGE 3 -- 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 Appreciation Subaccount (Class I) (2/02).... 2007 1.437 1.520 203,155 2006 1.283 1.437 205,400 2005 1.260 1.283 206,001 2004 1.187 1.260 169,184 2003 0.977 1.187 4,463 2002 1.000 0.977 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.433 1.428 22,343 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.310 1.346 597,806 2006 1.215 1.310 573,067 2005 1.194 1.215 685,244 2004 1.165 1.194 335,517 2003 0.979 1.165 22,380 2002 1.000 0.979 -- LMPVET Capital Subaccount (10/02).................. 2007 1.473 1.464 626,449 2006 1.328 1.473 762,755 2005 1.293 1.328 798,683 2004 1.243 1.293 766,304 2003 0.969 1.243 177,618 2002 1.000 0.969 -- LMPVET Dividend Strategy Subaccount (9/02)......... 2007 1.312 1.363 18,932 2006 1.140 1.312 19,003 2005 1.170 1.140 19,018 2004 1.160 1.170 29,127 2003 0.963 1.160 -- 2002 1.000 0.963 -- LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.481 1.517 56,688 2006 1.319 1.481 56,277 2005 1.296 1.319 57,517 2004 1.205 1.296 56,683 2003 0.967 1.205 4,400 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (2/02)............................................. 2007 1.608 1.588 268,114 2006 1.410 1.608 235,980 2005 1.379 1.410 222,410 2004 1.306 1.379 246,905 2003 0.965 1.306 -- 2002 1.000 0.965 --
70 VINTAGE 3 -- 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 Global Equity Subaccount (10/02)............ 2007 1.554 1.590 182,035 2006 1.382 1.554 194,481 2005 1.329 1.382 189,170 2004 1.235 1.329 153,504 2003 0.962 1.235 -- 2002 1.000 0.962 -- LMPVET International All Cap Opportunity Subaccount (8/02)............................................. 2007 1.888 1.959 -- 2006 1.537 1.888 -- 2005 1.410 1.537 -- 2004 1.226 1.410 -- 2003 0.985 1.226 -- 2002 1.000 0.985 -- LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.599 1.621 4,221 2006 1.386 1.599 4,425 2005 1.333 1.386 19,317 2004 1.238 1.333 14,772 2003 0.958 1.238 -- 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (2/02)............................................. 2007 1.398 1.436 44,517 2006 1.370 1.398 46,849 2005 1.334 1.370 48,819 2004 1.362 1.334 147,968 2003 0.946 1.362 -- 2002 1.000 0.946 -- LMPVET Mid Cap Core Subaccount (Class I) (2/02).... 2007 1.578 1.649 81,025 2006 1.408 1.578 83,237 2005 1.332 1.408 76,617 2004 1.236 1.332 178,711 2003 0.976 1.236 -- 2002 1.000 0.976 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.396 1.411 -- 2006 1.274 1.396 22,351 2005 1.261 1.274 29,628 2004 1.210 1.261 25,430 2003 0.961 1.210 -- 2002 1.000 0.961 --
71 VINTAGE 3 -- 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 Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.783 1.913 7,881 2006 1.620 1.783 5,170 2005 1.583 1.620 5,170 2004 1.409 1.583 10,091 2003 0.969 1.409 -- 2002 1.000 0.969 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.998 0.987 35,902 2006 0.982 0.998 34,739 2005 0.983 0.982 71,556 2004 0.996 0.983 27,260 2003 1.000 0.996 -- LMPVIT Diversified Srategic Income Subaccount (3/02)............................................. 2007 1.181 1.175 33,688 2006 1.148 1.181 48,764 2005 1.147 1.148 48,239 2004 1.101 1.147 21,561 2003 1.010 1.101 -- 2002 1.000 1.010 -- LMPVIT High Income Subaccount (3/02)............... 2007 1.465 1.433 23,278 2006 1.352 1.465 27,848 2005 1.351 1.352 28,027 2004 1.253 1.351 24,080 2003 1.007 1.253 18,529 2002 1.000 1.007 -- LMPVIT Money Market Subaccount (4/02).............. 2007 0.990 1.013 7,706 2006 0.969 0.990 93,590 2005 0.966 0.969 92,177 2004 0.982 0.966 138,012 2003 0.999 0.982 -- 2002 1.000 0.999 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (6/02)................................... 2007 1.717 1.828 -- 2006 1.559 1.717 2,820 2005 1.523 1.559 2,820 2004 1.350 1.523 2,820 2003 0.974 1.350 -- 2002 1.000 0.974 --
72 VINTAGE 3 -- 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) (12/01)........ 2007 1.611 1.685 -- 2006 1.397 1.611 44,169 2005 1.376 1.397 44,222 2004 1.302 1.376 56,429 2003 0.960 1.302 -- 2002 1.000 0.960 -- Legg Mason Partners Variable Portfolios III, Inc. LMPVPIII Large Cap Value Subaccount (2/02)......... 2007 1.562 1.638 -- 2006 1.354 1.562 -- 2005 1.302 1.354 -- 2004 1.206 1.302 -- 2003 0.969 1.206 -- 2002 1.000 0.969 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.566 1.623 -- 2006 1.369 1.566 72,173 2005 1.358 1.369 72,341 2004 1.236 1.358 45,415 2003 1.000 1.236 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.751 1.925 -- 2006 1.599 1.751 130,057 2005 1.514 1.599 143,324 2004 1.251 1.514 85,876 2003 1.000 1.251 33,139 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.586 1.658 -- 2006 1.506 1.586 17,077 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.644 1.647 17,077 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.339 1.294 122 2006 1.264 1.339 122 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.903 1.841 87,288 2006 1.737 1.903 87,174 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.597 2.033 9,198 2006 1.567 1.597 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.237 1.090 --
73 VINTAGE 3 -- 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 Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.070 1.083 154,213 2006 1.001 1.070 113,675 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.066 1.046 203,930 2006 1.002 1.066 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.403 1.532 11,571 2006 1.428 1.403 12,009 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.257 1.366 4,253 2006 1.274 1.257 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.072 2.163 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.371 1.440 22,309 2006 1.248 1.371 22,589 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.213 1.009 30,337 2006 1.003 1.213 28,088 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.106 1.164 71,468 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.533 1.571 38,264 2006 1.434 1.533 48,383 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.136 1.251 -- 2006 1.086 1.136 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.142 1.188 88,111 2006 1.109 1.142 75,845 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.968 202,843 2006 1.003 1.023 201,303 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.494 1.755 53,828 2006 1.539 1.494 56,896 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.086 1.124 50,601 2006 1.052 1.086 62,371 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.336 1.302 -- 2006 1.307 1.336 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.342 1.361 -- 2006 1.332 1.342 --
74 VINTAGE 3 -- 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 FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.433 1.455 66,812 2006 1.405 1.433 66,817 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.062 -- 2006 1.002 1.054 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.068 -- 2006 1.001 1.037 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.043 1.067 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.048 1.067 -- 2006 1.002 1.048 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.067 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.340 1.362 376,896 2006 1.261 1.340 390,284 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.045 1.084 210,596 2006 0.996 1.045 225,058 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.132 -- 2006 0.998 1.063 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.083 1.101 -- 2006 1.102 1.083 82,238 2005 1.106 1.102 90,023 2004 1.041 1.106 76,552 2003 1.000 1.041 4,873 PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.075 1.141 411,482 2006 1.061 1.075 411,212 2005 1.061 1.061 438,654 2004 1.037 1.061 341,573 2003 1.012 1.037 37,287 2002 1.000 1.012 --
75 VINTAGE 3 -- 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 -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.469 1.582 -- 2006 1.356 1.469 -- 2005 1.295 1.356 -- 2004 1.234 1.295 -- 2003 0.958 1.234 -- 2002 1.000 0.958 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.929 2.083 -- 2006 1.548 1.929 -- 2005 1.414 1.548 -- 2004 1.247 1.414 -- 2003 0.994 1.247 -- 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 2.100 2.236 -- 2006 1.835 2.100 -- 2005 1.756 1.835 -- 2004 1.426 1.756 -- 2003 0.977 1.426 -- 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.345 1.428 -- 2005 1.268 1.345 11,612 2004 1.220 1.268 -- 2003 0.967 1.220 -- 2002 1.000 0.967 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.341 1.405 -- 2005 1.315 1.341 66,824 2004 1.226 1.315 50,384 2003 0.958 1.226 4,325 2002 1.000 0.958 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.296 1.332 -- 2005 1.222 1.296 -- 2004 1.176 1.222 -- 2003 0.966 1.176 -- 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.170 -- 2005 1.000 1.104 --
76 VINTAGE 3 -- 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 Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.016 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.084 -- 2005 1.007 1.049 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.082 1.125 -- 2005 1.000 1.082 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.044 -- 2005 1.000 1.027 -- Travelers Managed Income Subaccount (3/02)......... 2006 1.065 1.052 -- 2005 1.077 1.065 62,950 2004 1.073 1.077 48,751 2003 1.014 1.073 -- 2002 1.000 1.014 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.422 1.506 -- 2005 1.301 1.422 3,795 2004 1.150 1.301 3,795 2003 0.973 1.150 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.458 1.539 -- 2005 1.450 1.458 58,156 2004 1.302 1.450 11,068 2003 0.974 1.302 -- 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.225 1.261 -- 2005 1.219 1.225 446,074 2004 1.121 1.219 351,659 2003 0.986 1.121 4,696 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.158 1.248 -- 2005 1.114 1.158 23,589 2004 1.000 1.114 5,161
77 VINTAGE 3 -- 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 Mondrian International Stock Subaccount (3/02)............................................. 2006 1.516 1.737 -- 2005 1.419 1.516 70,701 2004 1.256 1.419 51,990 2003 1.001 1.256 4,334 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.355 1.434 -- 2005 1.310 1.355 49,236 2004 1.208 1.310 50,441 2003 1.000 1.208 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.086 -- 2005 1.035 1.034 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.101 1.109 -- 2005 1.088 1.101 78,141 2004 1.000 1.088 67,513 Travelers Strategic Equity Subaccount (4/02)....... 2006 1.343 1.397 -- 2005 1.348 1.343 -- 2004 1.254 1.348 -- 2003 0.969 1.254 -- 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.274 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.105 1.264 -- 2005 1.000 1.105 -- Travelers Van Kampen Enterprise Subaccount (1/00).. 2006 1.263 1.307 -- 2005 1.200 1.263 -- 2004 1.184 1.200 -- 2003 0.966 1.184 -- 2002 1.000 0.966 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (4/02).......................................... 2007 1.316 1.502 -- 2006 1.311 1.316 -- 2005 1.245 1.311 -- 2004 1.192 1.245 -- 2003 0.959 1.192 -- 2002 1.000 0.959 --
* 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. 78 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, AIM Variable Insurance Fund-AIM VI Premier Equity Fund merged into AIM Variable Insurance Fund-AIM VI Core Equity Fund 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. 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 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, 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. 79 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. 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 Metropolitan Series Fund, Inc.-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, AIM Variable Insurance Funds-AIM V.I. Core Equity Fund was replaced by Metropolitan Series Fund, Inc.-Capital Guardian U.S. Equity 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. 80 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. 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. 81 CONDENSED FINANCIAL INFORMATION -- PORTFOLIO ARCHITECT 3 -------------------------------------------------------------------------------- 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 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.077 1.151 -- 2006 1.000 1.077 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.025 1.075 -- 2005 0.991 1.025 -- 2004 0.956 0.991 -- 2003 0.780 0.956 -- 2002 1.142 0.780 -- 2001 1.000 1.142 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.156 1.126 -- 2005 1.028 1.156 2,023 2004 0.968 1.028 -- 2003 0.801 0.968 -- 2002 1.182 0.801 -- 2001 1.000 1.182 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.929 2.171 105,489 2006 1.635 1.929 108,164 2005 1.463 1.635 92,526 2004 1.316 1.463 45,727 2003 0.993 1.316 -- 2002 1.187 0.993 -- 2001 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.663 1.830 329,048 2006 1.540 1.663 354,787 2005 1.353 1.540 339,051 2004 1.227 1.353 224,757 2003 0.916 1.227 13,689 2002 1.237 0.916 -- 2001 1.000 1.237 --
82 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.501 1.544 175,280 2006 1.330 1.501 210,901 2005 1.282 1.330 210,374 2004 1.186 1.282 141,724 2003 0.914 1.186 88,389 2002 1.143 0.914 -- 2001 1.000 1.143 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.287 1.272 -- 2005 1.111 1.287 -- 2004 0.949 1.111 -- 2003 0.775 0.949 -- 2002 1.000 0.775 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (3/02)............................................. 2007 2.230 2.332 -- 2006 1.717 2.230 -- 2005 1.370 1.717 -- 2004 1.119 1.370 -- 2003 0.799 1.119 -- 2002 1.000 0.799 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.690 2.196 -- 2005 1.609 1.690 -- 2004 1.250 1.609 -- 2003 0.952 1.250 -- 2002 1.000 0.952 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.138 1.194 -- 2006 0.997 1.138 -- 2005 0.975 0.997 -- 2004 0.948 0.975 -- 2003 0.798 0.948 -- 2002 1.000 0.798 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.114 0.970 -- 2006 1.096 1.114 -- 2005 1.057 1.096 -- 2004 0.969 1.057 -- 2003 0.751 0.969 -- 2002 1.000 0.751 --
83 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- 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 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.294 1.440 -- 2005 1.199 1.294 6,383 2004 1.067 1.199 1,538 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.530 1.758 -- 2006 1.402 1.530 -- 2005 1.226 1.402 -- 2004 1.087 1.226 -- 2003 0.865 1.087 -- 2002 1.000 0.865 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.380 1.443 -- 2006 1.238 1.380 -- 2005 1.047 1.238 -- 2004 1.055 1.047 -- 2003 0.862 1.055 -- 2002 1.000 0.862 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.796 2.030 56,119 2006 1.631 1.796 67,576 2005 1.411 1.631 89,979 2004 1.155 1.411 46,989 2003 0.853 1.155 -- 2002 1.000 0.853 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.233 1.430 -- 2005 1.138 1.233 113,725 2004 1.031 1.138 62,851 2003 0.841 1.031 -- 2002 1.000 0.841 --
84 PORTFOLIO ARCHITECT 3 -- 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 Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.760 3.482 44,429 2006 2.199 2.760 33,315 2005 1.761 2.199 34,370 2004 1.442 1.761 27,878 2003 1.000 1.442 4,181 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.747 1.976 101,188 2006 1.469 1.747 110,754 2005 1.361 1.469 98,761 2004 1.172 1.361 66,369 2003 0.904 1.172 10,166 2002 1.134 0.904 -- 2001 1.000 1.134 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (8/02)................................... 2006 1.237 1.477 -- 2005 1.160 1.237 5,511 2004 1.020 1.160 1,140 2003 0.788 1.020 -- 2002 1.000 0.788 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.057 1.080 -- 2005 1.065 1.057 -- 2004 1.000 1.065 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.135 1.171 -- 2005 1.076 1.135 -- 2004 1.015 1.076 -- 2003 0.911 1.015 -- 2002 1.000 0.911 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.163 1.387 -- 2006 1.117 1.163 -- 2005 1.015 1.117 -- 2004 0.907 1.015 -- 2003 0.733 0.907 -- 2002 1.000 0.733 --
85 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.017 1.212 -- 2006 0.962 1.017 -- 2005 0.880 0.962 -- 2004 0.894 0.880 -- 2003 0.623 0.894 -- 2002 1.000 0.623 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.095 1.173 -- 2006 0.947 1.095 -- 2005 0.916 0.947 -- 2004 0.894 0.916 -- 2003 0.738 0.894 -- 2002 1.000 0.738 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.525 1.705 -- 2005 1.497 1.525 11,493 2004 1.330 1.497 11,540 2003 1.000 1.330 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.370 1.317 118,365 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.412 1.458 116,226 LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.351 1.388 31,908 2006 1.198 1.351 31,907 2005 1.173 1.198 32,169 2004 1.086 1.173 24,381 2003 0.867 1.086 -- 2002 1.141 0.867 -- 2001 1.000 1.141 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.588 1.517 157,474 LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.448 1.474 16,776 2006 1.250 1.448 17,601 2005 1.197 1.250 18,740 2004 1.107 1.197 9,435 2003 0.854 1.107 -- 2002 1.133 0.854 -- 2001 1.000 1.133 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.351 1.348 108,207
86 PORTFOLIO ARCHITECT 3 -- 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 Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.499 1.616 52,254 2006 1.357 1.499 46,016 2005 1.320 1.357 57,267 2004 1.171 1.320 56,224 2003 0.802 1.171 -- 2002 1.255 0.802 -- 2001 1.000 1.255 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.164 1.264 -- 2006 1.103 1.164 -- 2005 1.078 1.103 -- 2004 1.000 1.078 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.011 1.004 25,090 2006 0.991 1.011 26,480 2005 0.989 0.991 30,100 2004 0.997 0.989 -- 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.411 1.478 -- 2006 1.219 1.411 62,630 2005 1.196 1.219 30,618 2004 1.127 1.196 9,549 2003 0.827 1.127 -- 2002 1.127 0.827 -- 2001 1.000 1.127 -- LMPVPI Large Cap Growth Subaccount (Class I) (8/02)............................................. 2007 1.169 1.216 -- 2006 1.145 1.169 -- 2005 1.111 1.145 -- 2004 1.128 1.111 -- 2003 0.797 1.128 -- 2002 1.000 0.797 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (1/00)............................................. 2007 1.297 1.341 -- 2006 1.192 1.297 -- 2005 1.107 1.192 -- 2004 1.035 1.107 -- 2003 0.754 1.035 -- 2002 1.000 0.754 --
87 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (1/00)............................................. 2007 1.206 1.258 -- 2006 1.095 1.206 -- 2005 1.079 1.095 -- 2004 1.016 1.079 -- 2003 0.797 1.016 -- 2002 1.000 0.797 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.589 1.649 -- 2006 1.383 1.589 70,166 2005 1.368 1.383 70,546 2004 1.239 1.368 69,261 2003 1.000 1.239 71,566 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.777 1.956 -- 2006 1.616 1.777 76,489 2005 1.524 1.616 78,565 2004 1.254 1.524 66,625 2003 1.000 1.254 13,602 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.092 1.125 -- 2005 1.073 1.092 -- 2004 1.000 1.073 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.350 1.403 -- 2006 1.423 1.350 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.388 1.397 4,806 2006 1.321 1.388 4,587 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.398 1.463 -- 2006 1.324 1.398 39,338 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.451 1.458 38,098 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.348 1.308 3,728 2006 1.269 1.348 2,871 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.626 1.579 40,346 2006 1.480 1.626 52,338 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.300 1.661 7,350 2006 1.272 1.300 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.246 1.101 --
88 PORTFOLIO ARCHITECT 3 -- 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 Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.186 1.235 -- 2006 1.125 1.186 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.316 1.378 -- 2006 1.260 1.316 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.074 1.094 12,108 2006 1.001 1.074 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.069 1.053 114,032 2006 1.002 1.069 5,423 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.326 1.454 -- 2006 1.346 1.326 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.265 1.380 1,792 2006 1.278 1.265 -- MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.318 2.912 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.945 2.036 5,933 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.385 1.461 64,234 2006 1.257 1.385 22,768 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.015 3,052 2006 1.003 1.216 3,163 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 390,261 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.556 1.600 28,847 2006 1.451 1.556 31,894 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.143 1.260 -- 2006 1.090 1.143 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.154 1.206 70,322 2006 1.117 1.154 52,405 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.026 0.974 88,577 2006 1.003 1.026 39,878 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 0.854 1.007 10,218 2006 0.877 0.854 11,223
89 PORTFOLIO ARCHITECT 3 -- 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 BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.140 1.187 -- 2006 1.101 1.140 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.006 1.035 43,330 2006 0.987 1.006 7,633 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.203 1.136 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.214 1.236 -- 2006 1.201 1.214 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.447 1.475 87,423 2006 1.415 1.447 74,282 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.057 1.069 -- 2006 1.002 1.057 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.040 1.075 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.046 1.074 -- 2006 1.002 1.046 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.075 15,481 2006 1.002 1.051 15,509 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 1.385 1.413 138,356 2006 1.299 1.385 145,862 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.048 1.091 6,094 2006 0.996 1.048 6,723 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.139 2,316 2006 0.998 1.066 2,322 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.143 1.185 -- 2006 1.080 1.143 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.064 1.089 -- 2006 1.031 1.064 --
90 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.980 0.987 -- 2005 0.972 0.980 -- 2004 0.982 0.972 -- 2003 0.995 0.982 -- 2002 1.000 0.995 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.108 1.323 -- 2005 1.069 1.108 -- 2004 1.000 1.069 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.119 -- 2006 1.113 1.099 384,032 2005 1.113 1.113 288,960 2004 1.043 1.113 171,050 2003 1.000 1.043 78,471 PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.156 1.232 441,098 2006 1.137 1.156 390,243 2005 1.132 1.137 388,412 2004 1.102 1.132 164,259 2003 1.071 1.102 -- 2002 1.002 1.071 -- 2001 1.000 1.002 -- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.325 1.432 -- 2006 1.218 1.325 -- 2005 1.159 1.218 -- 2004 1.100 1.159 -- 2003 0.850 1.100 -- 2002 1.233 0.850 -- 2001 1.000 1.233 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.809 1.955 -- 2006 1.445 1.809 -- 2005 1.315 1.445 -- 2004 1.155 1.315 -- 2003 0.917 1.155 -- 2002 1.137 0.917 -- 2001 1.000 1.137 --
91 PORTFOLIO ARCHITECT 3 -- 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 VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 2.135 2.276 -- 2006 1.858 2.135 31,363 2005 1.771 1.858 34,614 2004 1.433 1.771 15,588 2003 0.977 1.433 -- 2002 1.220 0.977 -- 2001 1.000 1.220 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.266 1.346 -- 2005 1.189 1.266 -- 2004 1.139 1.189 -- 2003 0.899 1.139 -- 2002 1.206 0.899 -- 2001 1.000 1.206 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.184 1.260 -- 2005 1.204 1.184 -- 2004 1.156 1.204 -- 2003 0.935 1.156 -- 2002 1.000 0.935 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.304 1.423 -- 2005 1.184 1.304 -- 2004 1.038 1.184 -- 2003 0.792 1.038 -- 2002 1.000 0.792 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.348 1.415 -- 2005 1.317 1.348 74,242 2004 1.224 1.317 52,584 2003 0.952 1.224 35,771 2002 1.129 0.952 -- 2001 1.000 1.129 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.290 1.321 -- 2005 1.284 1.290 4,553 2004 1.187 1.284 4,376 2003 0.990 1.187 -- 2002 1.000 0.990 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.091 1.128 -- 2005 1.058 1.091 -- 2004 0.977 1.058 -- 2003 0.781 0.977 -- 2002 1.000 0.781 --
92 PORTFOLIO ARCHITECT 3 -- 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 Large Cap Subaccount (6/02).............. 2006 1.167 1.201 -- 2005 1.096 1.167 -- 2004 1.050 1.096 -- 2003 0.860 1.050 -- 2002 1.137 0.860 -- 2001 1.000 1.137 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.107 1.175 -- 2005 1.000 1.107 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.018 1.020 -- 2005 1.007 1.018 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.052 1.088 -- 2005 1.008 1.052 14,308 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.085 1.130 -- 2005 1.000 1.085 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.029 1.047 -- 2005 1.000 1.029 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.249 1.324 -- 2005 1.137 1.249 39,338 2004 1.002 1.137 33,831 2003 0.844 1.002 -- 2002 1.151 0.844 -- 2001 1.000 1.151 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 0.830 0.877 -- 2005 0.822 0.830 10,540 2004 0.736 0.822 10,388 2003 0.548 0.736 -- 2002 1.000 0.548 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.261 1.299 -- 2005 1.250 1.261 80,510 2004 1.144 1.250 46,257 2003 1.002 1.144 74,835 2002 1.080 1.002 -- 2001 1.000 1.080 --
93 PORTFOLIO ARCHITECT 3 -- 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 MFS(R) Value Subaccount (5/04)........... 2006 1.165 1.257 -- 2005 1.117 1.165 19,960 2004 1.000 1.117 8,567 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.290 1.480 -- 2005 1.202 1.290 47,848 2004 1.060 1.202 30,586 2003 0.842 1.060 -- 2002 1.000 0.842 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.370 1.451 -- 2005 1.319 1.370 2,908 2004 1.212 1.319 1,735 2003 1.000 1.212 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.037 1.090 -- 2005 1.036 1.037 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.108 1.117 -- 2005 1.091 1.108 52,692 2004 1.000 1.091 30,316 Travelers Quality Bond Subaccount (3/02)........... 2006 1.113 1.101 -- 2005 1.118 1.113 -- 2004 1.104 1.118 -- 2003 1.054 1.104 -- 2002 1.000 1.054 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.047 1.091 -- 2005 1.047 1.047 -- 2004 0.970 1.047 -- 2003 0.747 0.970 -- 2002 1.148 0.747 -- 2001 1.000 1.148 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.027 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.108 1.269 -- 2005 1.000 1.108 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.071 1.031 -- 2005 1.048 1.071 -- 2004 1.000 1.048 --
94 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.307 1.250 -- 2006 1.149 1.307 -- 2005 1.127 1.149 -- 2004 0.979 1.127 -- 2003 0.764 0.979 -- 2002 1.000 0.764 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.000 1.102 -- 2006 0.956 1.000 -- 2005 0.904 0.956 -- 2004 0.889 0.904 -- 2003 0.722 0.889 -- 2002 1.000 0.722 --
PORTFOLIO ARCHITECT 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.076 1.151 -- 2006 1.000 1.076 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.191 1.249 -- 2005 1.152 1.191 -- 2004 1.112 1.152 -- 2003 1.000 1.112 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.304 1.269 -- 2005 1.159 1.304 -- 2004 1.093 1.159 -- 2003 1.000 1.093 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.738 1.955 107,867 2006 1.474 1.738 103,905 2005 1.319 1.474 33,810 2004 1.187 1.319 20,425 2003 1.000 1.187 --
95 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.554 1.710 995,077 2006 1.440 1.554 1,002,424 2005 1.266 1.440 495,689 2004 1.149 1.266 102,273 2003 1.000 1.149 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.449 1.490 501,164 2006 1.284 1.449 507,931 2005 1.239 1.284 278,103 2004 1.147 1.239 107,765 2003 1.000 1.147 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.551 1.532 -- 2005 1.340 1.551 159 2004 1.145 1.340 -- 2003 1.000 1.145 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (3/02)............................................. 2007 2.433 2.545 -- 2006 1.875 2.433 -- 2005 1.496 1.875 -- 2004 1.223 1.496 -- 2003 1.000 1.223 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.543 2.004 -- 2005 1.470 1.543 1,987 2004 1.143 1.470 -- 2003 1.000 1.143 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.334 1.399 -- 2006 1.169 1.334 -- 2005 1.144 1.169 -- 2004 1.112 1.144 -- 2003 1.000 1.112 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.318 1.148 -- 2006 1.297 1.318 -- 2005 1.252 1.297 -- 2004 1.148 1.252 -- 2003 1.000 1.148 --
96 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- 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 2,632 2004 1.074 1.201 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.293 1.439 -- 2005 1.199 1.293 118,685 2004 1.067 1.199 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.603 1.842 -- 2006 1.469 1.603 -- 2005 1.286 1.469 -- 2004 1.141 1.286 -- 2003 1.000 1.141 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.444 1.509 -- 2006 1.295 1.444 -- 2005 1.096 1.295 -- 2004 1.105 1.096 -- 2003 1.000 1.105 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.860 2.101 95,258 2006 1.690 1.860 92,430 2005 1.462 1.690 45,068 2004 1.198 1.462 -- 2003 1.000 1.198 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.334 1.547 -- 2005 1.232 1.334 156,547 2004 1.117 1.232 32,618 2003 1.000 1.117 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.414 3.044 84,703 2006 1.924 2.414 97,572 2005 1.542 1.924 26,812 2004 1.263 1.542 -- 2003 1.000 1.263 --
97 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.750 1.979 285,613 2006 1.472 1.750 265,061 2005 1.364 1.472 111,621 2004 1.175 1.364 10,115 2003 1.000 1.175 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (8/02)................................... 2006 1.406 1.678 -- 2005 1.319 1.406 121,975 2004 1.161 1.319 -- 2003 1.000 1.161 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.057 1.078 -- 2005 1.065 1.057 -- 2004 1.000 1.065 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.204 1.241 -- 2005 1.142 1.204 -- 2004 1.077 1.142 -- 2003 1.000 1.077 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.431 1.705 -- 2006 1.374 1.431 -- 2005 1.249 1.374 -- 2004 1.117 1.249 -- 2003 1.000 1.117 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.362 1.623 -- 2006 1.290 1.362 -- 2005 1.181 1.290 -- 2004 1.199 1.181 -- 2003 1.000 1.199 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.395 1.494 -- 2006 1.208 1.395 -- 2005 1.168 1.208 -- 2004 1.141 1.168 -- 2003 1.000 1.141 --
98 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.344 1.502 -- 2005 1.320 1.344 44,697 2004 1.173 1.320 4,856 2003 1.000 1.173 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.473 1.415 168,617 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.409 1.453 98,044 LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.403 1.442 58,147 2006 1.245 1.403 58,180 2005 1.219 1.245 56,720 2004 1.130 1.219 54,008 2003 1.000 1.130 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.510 1.441 159,339 LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.498 1.523 10,724 2006 1.293 1.498 10,724 2005 1.240 1.293 5,937 2004 1.147 1.240 -- 2003 1.000 1.147 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.252 1.250 35,753 LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.581 1.703 5,318 2006 1.432 1.581 -- 2005 1.394 1.432 -- 2004 1.236 1.394 -- 2003 1.000 1.236 -- 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 18,480 2006 0.990 1.010 17,256 2005 0.988 0.990 12,201 2004 0.997 0.988 -- 2003 1.000 0.997 --
99 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.462 1.532 -- 2006 1.264 1.462 -- 2005 1.241 1.264 -- 2004 1.170 1.241 -- 2003 1.000 1.170 -- LMPVPI Large Cap Growth Subaccount (Class I) (8/02)............................................. 2007 1.203 1.251 -- 2006 1.179 1.203 -- 2005 1.144 1.179 -- 2004 1.162 1.144 -- 2003 1.000 1.162 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (1/00)............................................. 2007 1.432 1.480 -- 2006 1.316 1.432 -- 2005 1.223 1.316 -- 2004 1.145 1.223 -- 2003 1.000 1.145 -- LMPVPII Growth and Income Subaccount (Class I) (1/00)............................................. 2007 1.334 1.391 -- 2006 1.212 1.334 -- 2005 1.194 1.212 -- 2004 1.125 1.194 -- 2003 1.000 1.125 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.461 1.515 -- 2006 1.272 1.461 19,912 2005 1.258 1.272 5,316 2004 1.140 1.258 -- 2003 1.000 1.140 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.635 1.799 -- 2006 1.488 1.635 118,005 2005 1.404 1.488 87,302 2004 1.156 1.404 16,199 2003 1.000 1.156 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.091 1.124 -- 2005 1.073 1.091 -- 2004 1.000 1.073 --
100 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.523 1.581 -- 2006 1.604 1.523 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.273 1.281 -- 2006 1.212 1.273 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.518 1.589 -- 2006 1.438 1.518 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.576 1.582 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.347 1.306 -- 2006 1.268 1.347 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.774 1.722 63,564 2006 1.615 1.774 64,360 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.565 2.000 891 2006 1.532 1.565 1,019 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.245 1.100 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.184 1.233 -- 2006 1.124 1.184 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.254 1.312 -- 2006 1.201 1.254 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.074 1.093 -- 2006 1.001 1.074 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.068 1.052 179,238 2006 1.002 1.068 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.321 1.448 -- 2006 1.342 1.321 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.264 1.379 -- 2006 1.278 1.264 -- MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.529 3.176 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.984 2.077 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.384 1.458 110,498 2006 1.256 1.384 113,435
101 PORTFOLIO ARCHITECT 3 -- 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 Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.014 37,851 2006 1.003 1.216 34,117 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 273,723 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.445 1.485 -- 2006 1.348 1.445 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.142 1.259 -- 2006 1.089 1.142 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.153 1.203 475,119 2006 1.116 1.153 468,443 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.974 244,083 2006 1.003 1.025 249,125 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.312 1.546 6,145 2006 1.348 1.312 7,142 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.056 1.099 -- 2006 1.020 1.056 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.017 1.046 -- 2006 0.998 1.017 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.334 1.259 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.296 1.319 7,232 2006 1.283 1.296 7,020 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.337 1.362 37,443 2006 1.308 1.337 45,657 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 -- 2006 1.002 1.051 --
102 PORTFOLIO ARCHITECT 3 -- 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 MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.056 1.074 65,004 2006 1.002 1.056 64,097 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.303 1.329 270,997 2006 1.223 1.303 266,015 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.047 1.090 479,806 2006 0.996 1.047 492,976 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.065 1.138 -- 2006 0.998 1.065 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.142 1.184 -- 2006 1.078 1.142 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.062 1.087 -- 2006 1.030 1.062 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.991 0.998 -- 2005 0.984 0.991 -- 2004 0.994 0.984 -- 2003 1.000 0.994 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.107 1.321 -- 2005 1.069 1.107 -- 2004 1.000 1.069 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.120 -- 2006 1.115 1.099 274,083 2005 1.115 1.115 185,851 2004 1.046 1.115 10,245 2003 1.000 1.046 -- PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.073 1.143 593,740 2006 1.056 1.073 592,484 2005 1.052 1.056 470,959 2004 1.024 1.052 4,979 2003 1.000 1.024 --
103 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.355 1.463 -- 2006 1.246 1.355 -- 2005 1.186 1.246 -- 2004 1.126 1.186 -- 2003 1.000 1.126 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.845 1.995 -- 2006 1.475 1.845 -- 2005 1.343 1.475 -- 2004 1.180 1.343 -- 2003 1.000 1.180 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 1.839 1.961 -- 2006 1.601 1.839 -- 2005 1.528 1.601 -- 2004 1.236 1.528 -- 2003 1.000 1.236 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.262 1.342 -- 2005 1.185 1.262 -- 2004 1.136 1.185 -- 2003 1.000 1.136 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.128 1.201 -- 2005 1.148 1.128 -- 2004 1.103 1.148 -- 2003 1.000 1.103 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.471 1.604 -- 2005 1.336 1.471 -- 2004 1.172 1.336 -- 2003 1.000 1.172 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.246 1.308 -- 2005 1.218 1.246 45,518 2004 1.132 1.218 -- 2003 1.000 1.132 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.184 1.212 -- 2005 1.179 1.184 -- 2004 1.091 1.179 -- 2003 1.000 1.091 --
104 PORTFOLIO ARCHITECT 3 -- 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 Federated Stock Subaccount (3/02)........ 2006 1.280 1.323 -- 2005 1.241 1.280 -- 2004 1.146 1.241 -- 2003 1.000 1.146 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.247 1.283 -- 2005 1.172 1.247 1,666 2004 1.123 1.172 -- 2003 1.000 1.123 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.106 1.174 -- 2005 1.000 1.106 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.020 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.051 1.087 -- 2005 1.008 1.051 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.084 1.129 -- 2005 1.000 1.084 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.047 -- 2005 1.000 1.028 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.357 1.438 -- 2005 1.236 1.357 -- 2004 1.090 1.236 -- 2003 1.000 1.090 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.276 1.348 -- 2005 1.264 1.276 6,041 2004 1.132 1.264 -- 2003 1.000 1.132 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.187 1.223 -- 2005 1.177 1.187 96,384 2004 1.078 1.177 9,432 2003 1.000 1.078 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.164 1.256 -- 2005 1.117 1.164 125,223 2004 1.000 1.117 --
105 PORTFOLIO ARCHITECT 3 -- 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 Mondrian International Stock Subaccount (3/02)............................................. 2006 1.408 1.615 -- 2005 1.313 1.408 3,713 2004 1.158 1.313 -- 2003 1.000 1.158 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.273 1.348 -- 2005 1.226 1.273 -- 2004 1.127 1.226 -- 2003 1.000 1.127 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.089 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.107 1.116 -- 2005 1.091 1.107 119,462 2004 1.000 1.091 -- Travelers Quality Bond Subaccount (3/02)........... 2006 1.031 1.020 -- 2005 1.036 1.031 -- 2004 1.024 1.036 -- 2003 1.000 1.024 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.204 1.254 -- 2005 1.205 1.204 -- 2004 1.116 1.205 -- 2003 1.000 1.116 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.026 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.107 1.268 -- 2005 1.000 1.107 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.070 1.030 -- 2005 1.047 1.070 -- 2004 1.000 1.047 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.513 1.447 -- 2006 1.332 1.513 -- 2005 1.306 1.332 -- 2004 1.136 1.306 -- 2003 1.000 1.136 --
106 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.271 1.400 -- 2006 1.216 1.271 -- 2005 1.151 1.216 -- 2004 1.133 1.151 -- 2003 1.000 1.133 --
PORTFOLIO ARCHITECT 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.075 1.149 -- 2006 1.000 1.075 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.258 1.319 -- 2005 1.218 1.258 7,238 2004 1.178 1.218 7,578 2003 0.963 1.178 10,027 2002 1.000 0.963 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.360 1.321 -- 2005 1.211 1.360 551,459 2004 1.143 1.211 216,941 2003 0.948 1.143 66,077 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.898 2.131 5,750,415 2006 1.612 1.898 5,865,325 2005 1.445 1.612 5,479,126 2004 1.302 1.445 3,301,874 2003 0.984 1.302 560,403 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.730 1.901 13,652,536 2006 1.606 1.730 14,897,001 2005 1.413 1.606 15,362,612 2004 1.285 1.413 9,273,858 2003 0.960 1.285 2,482,245 2002 1.000 0.960 --
107 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.582 1.625 16,274,773 2006 1.404 1.582 18,131,781 2005 1.357 1.404 18,636,981 2004 1.257 1.357 12,269,497 2003 0.971 1.257 2,985,394 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.597 1.577 -- 2005 1.382 1.597 144,490 2004 1.183 1.382 85,167 2003 0.968 1.183 62,369 2002 1.000 0.968 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (3/02)............................................. 2007 2.716 2.840 -- 2006 2.096 2.716 -- 2005 1.676 2.096 -- 2004 1.372 1.676 -- 2003 0.982 1.372 -- 2002 1.000 0.982 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.773 2.300 -- 2005 1.692 1.773 621,716 2004 1.317 1.692 363,487 2003 1.005 1.317 141,660 2002 1.000 1.005 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.373 1.438 153,052 2006 1.206 1.373 161,256 2005 1.181 1.206 153,428 2004 1.150 1.181 109,406 2003 0.971 1.150 52,034 2002 1.000 0.971 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.437 1.249 126,945 2006 1.416 1.437 123,846 2005 1.369 1.416 105,628 2004 1.257 1.369 25,547 2003 0.976 1.257 1,278 2002 1.000 0.976 --
108 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.291 1.401 -- 2005 1.199 1.291 491,266 2004 1.073 1.199 200,346 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.433 -- 2005 1.197 1.289 558,937 2004 1.067 1.197 213,448 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.738 1.993 859,279 2006 1.595 1.738 1,053,010 2005 1.398 1.595 986,942 2004 1.242 1.398 617,309 2003 0.991 1.242 313,047 2002 1.000 0.991 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.514 1.580 3,679 2006 1.361 1.514 8,736 2005 1.153 1.361 30,349 2004 1.164 1.153 90,383 2003 0.953 1.164 61,618 2002 1.000 0.953 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.061 2.324 3,519,694 2006 1.875 2.061 4,235,804 2005 1.625 1.875 4,190,757 2004 1.333 1.625 2,561,023 2003 0.986 1.333 731,326 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.448 1.676 -- 2005 1.340 1.448 3,992,826 2004 1.217 1.340 2,095,459 2003 0.994 1.217 723,595 2002 1.000 0.994 --
109 PORTFOLIO ARCHITECT 3 -- 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 Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.740 3.450 1,491,164 2006 2.188 2.740 1,654,953 2005 1.756 2.188 1,505,095 2004 1.440 1.756 466,250 2003 1.000 1.440 91,391 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.895 2.139 4,492,483 2006 1.596 1.895 4,708,415 2005 1.481 1.596 4,568,600 2004 1.278 1.481 2,330,211 2003 0.989 1.278 519,279 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (8/02)................................... 2006 1.524 1.815 -- 2005 1.431 1.524 2,064,621 2004 1.262 1.431 594,562 2003 0.976 1.262 206,659 2002 1.000 0.976 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.054 1.075 -- 2005 1.064 1.054 102,822 2004 1.000 1.064 18,738 Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.232 1.270 -- 2005 1.170 1.232 108,429 2004 1.105 1.170 131,283 2003 0.994 1.105 86,032 2002 1.000 0.994 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.555 1.850 -- 2006 1.496 1.555 -- 2005 1.362 1.496 -- 2004 1.219 1.362 -- 2003 0.988 1.219 -- 2002 1.000 0.988 --
110 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.529 1.819 16,930 2006 1.450 1.529 19,480 2005 1.330 1.450 30,242 2004 1.352 1.330 13,988 2003 0.944 1.352 10,065 2002 1.000 0.944 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.441 1.541 8,044 2006 1.250 1.441 8,044 2005 1.211 1.250 8,044 2004 1.185 1.211 8,044 2003 0.980 1.185 8,044 2002 1.000 0.980 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.517 1.693 -- 2005 1.492 1.517 896,870 2004 1.328 1.492 512,682 2003 1.000 1.328 58,521 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.614 1.549 8,906,242 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.490 1.535 3,969,301 LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.493 1.532 1,945,549 2006 1.327 1.493 2,451,798 2005 1.302 1.327 2,839,502 2004 1.208 1.302 2,252,137 2003 0.967 1.208 1,148,700 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.683 1.605 9,355,548 LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.612 1.637 1,382,632 2006 1.394 1.612 1,610,692 2005 1.338 1.394 1,852,362 2004 1.240 1.338 1,547,557 2003 0.958 1.240 657,293 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.455 1.451 2,507,800
111 PORTFOLIO ARCHITECT 3 -- 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 Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.797 1.933 1,002,073 2006 1.630 1.797 707,497 2005 1.589 1.630 758,509 2004 1.412 1.589 681,109 2003 0.970 1.412 195,339 2002 1.000 0.970 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.158 1.255 61,224 2006 1.099 1.158 61,224 2005 1.077 1.099 44,664 2004 1.000 1.077 37,480 Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.005 0.995 2,218,606 2006 0.987 1.005 2,330,493 2005 0.986 0.987 2,390,703 2004 0.997 0.986 1,892,813 2003 1.000 0.997 14,435 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.624 1.700 -- 2006 1.406 1.624 2,877,618 2005 1.382 1.406 3,274,732 2004 1.305 1.382 2,835,223 2003 0.960 1.305 1,303,133 2002 1.000 0.960 -- LMPVPI Large Cap Growth Subaccount (Class I) (8/02)............................................. 2007 1.399 1.454 -- 2006 1.373 1.399 162,042 2005 1.334 1.373 175,193 2004 1.358 1.334 165,032 2003 0.961 1.358 134,650 2002 1.000 0.961 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (1/00)............................................. 2007 1.619 1.672 -- 2006 1.491 1.619 248,792 2005 1.387 1.491 303,039 2004 1.300 1.387 304,200 2003 0.949 1.300 288,920 2002 1.000 0.949 --
112 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- LMPVPII Growth and Income Subaccount (Class I) (1/00)............................................. 2007 1.453 1.514 -- 2006 1.322 1.453 54,036 2005 1.304 1.322 41,546 2004 1.231 1.304 46,141 2003 0.967 1.231 33,006 2002 1.000 0.967 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.578 1.636 -- 2006 1.376 1.578 2,148,289 2005 1.363 1.376 2,139,915 2004 1.237 1.363 1,226,122 2003 1.000 1.237 154,434 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.764 1.940 -- 2006 1.608 1.764 2,597,442 2005 1.519 1.608 2,921,421 2004 1.252 1.519 1,430,939 2003 1.000 1.252 131,586 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.089 1.121 -- 2005 1.072 1.089 58,901 2004 1.000 1.072 4,897 Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.652 1.713 45,108 2006 1.743 1.652 57,160 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.395 1.402 435,753 2006 1.330 1.395 419,568 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.599 1.673 -- 2006 1.516 1.599 288,998 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.659 1.664 275,264 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.344 1.301 141,573 2006 1.266 1.344 56,705 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.919 1.860 1,183,921 2006 1.749 1.919 1,285,532 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.610 2.054 335,365 2006 1.577 1.610 167,521 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.242 1.095 29,184
113 PORTFOLIO ARCHITECT 3 -- 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 Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.179 1.226 67,612 2006 1.121 1.179 65,479 MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.391 1.453 985,671 2006 1.333 1.391 1,172,505 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.073 1.091 1,611,034 2006 1.001 1.073 1,213,380 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.050 3,907,281 2006 1.002 1.067 53,483 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.414 1.548 388,142 2006 1.438 1.414 530,563 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.261 1.373 14,747 2006 1.276 1.261 20,057 MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.822 3.540 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.090 2.185 399,355 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.378 1.450 881,632 2006 1.252 1.378 940,120 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.215 1.012 1,041,987 2006 1.003 1.215 1,328,851 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.115 1.175 4,219,764 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.544 1.585 386,132 2006 1.443 1.544 413,816 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.140 1.256 -- 2006 1.088 1.140 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.148 1.197 3,342,022 2006 1.113 1.148 3,470,815 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.971 4,117,977 2006 1.003 1.024 2,422,847 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.506 1.773 512,690 2006 1.549 1.506 636,005
114 PORTFOLIO ARCHITECT 3 -- 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 BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.089 1.131 361,769 2006 1.052 1.089 378,941 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.003 1.030 1,167,508 2006 0.985 1.003 502,009 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.396 1.315 95,375 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.353 1.375 931,502 2006 1.341 1.353 1,120,739 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.445 1.470 2,728,713 2006 1.414 1.445 3,166,062 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.056 1.066 71,005 2006 1.002 1.056 553 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.038 1.071 1,250,777 2006 1.001 1.038 408,562 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.070 1,307,227 2006 1.002 1.045 229,794 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.071 360,610 2006 1.002 1.050 164,786 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.071 307,212 2006 1.002 1.055 214,580 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.351 1.376 10,182,581 2006 1.269 1.351 11,196,229 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.087 4,042,587 2006 0.996 1.046 4,363,967 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.136 625,232 2006 0.998 1.064 747,985 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.137 1.178 -- 2006 1.075 1.137 105,636 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.058 1.081 34,987 2006 1.027 1.058 43,778
115 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.978 0.985 -- 2005 0.973 0.978 402,325 2004 0.985 0.973 506,125 2003 0.999 0.985 175,479 2002 1.000 0.999 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.104 1.317 -- 2005 1.068 1.104 57,587 2004 1.000 1.068 8,593 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.091 1.110 -- 2006 1.108 1.091 4,183,557 2005 1.110 1.108 4,183,574 2004 1.042 1.110 2,075,669 2003 1.000 1.042 364,430 PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.084 1.152 15,269,678 2006 1.067 1.084 15,751,561 2005 1.066 1.067 16,295,872 2004 1.039 1.066 11,030,522 2003 1.012 1.039 4,444,217 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.481 1.598 -- 2006 1.364 1.481 -- 2005 1.301 1.364 -- 2004 1.237 1.301 -- 2003 0.958 1.237 -- 2002 1.000 0.958 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.945 2.101 -- 2006 1.557 1.945 502,297 2005 1.420 1.557 503,884 2004 1.249 1.420 507,731 2003 0.994 1.249 378,045 2002 1.000 0.994 --
116 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 2.117 2.256 -- 2006 1.846 2.117 1,084,311 2005 1.764 1.846 1,127,527 2004 1.429 1.764 802,610 2003 0.977 1.429 446,380 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.353 1.438 -- 2005 1.273 1.353 533,485 2004 1.222 1.273 433,213 2003 0.967 1.222 173,834 2002 1.000 0.967 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.253 1.333 -- 2005 1.277 1.253 1,308,171 2004 1.229 1.277 1,195,502 2003 0.995 1.229 86,197 2002 1.000 0.995 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.599 1.743 -- 2005 1.455 1.599 65,195 2004 1.278 1.455 64,865 2003 0.977 1.278 54,733 2002 1.000 0.977 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.349 1.414 -- 2005 1.320 1.349 3,470,760 2004 1.229 1.320 2,356,302 2003 0.958 1.229 933,491 2002 1.000 0.958 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.300 1.330 -- 2005 1.296 1.300 422,480 2004 1.201 1.296 306,267 2003 1.003 1.201 126,472 2002 1.000 1.003 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.358 1.403 -- 2005 1.318 1.358 119,930 2004 1.220 1.318 116,006 2003 0.978 1.220 99,922 2002 1.000 0.978 --
117 PORTFOLIO ARCHITECT 3 -- 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 (6/02).............. 2006 1.304 1.341 -- 2005 1.227 1.304 761,388 2004 1.178 1.227 638,667 2003 0.966 1.178 246,621 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.173 -- 2005 1.000 1.105 474 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.018 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.086 -- 2005 1.008 1.050 113,761 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 238,769 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.045 -- 2005 1.000 1.028 8,861 Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.431 1.516 -- 2005 1.306 1.431 360,257 2004 1.153 1.306 236,555 2003 0.973 1.153 123,529 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.467 1.549 -- 2005 1.456 1.467 662,001 2004 1.305 1.456 183,666 2003 0.974 1.305 138,108 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.232 1.269 -- 2005 1.224 1.232 12,161,644 2004 1.123 1.224 8,449,630 2003 0.986 1.123 3,040,252 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.162 1.252 -- 2005 1.116 1.162 692,556 2004 1.000 1.116 152,817
118 PORTFOLIO ARCHITECT 3 -- 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 (3/02)............................................. 2006 1.526 1.749 -- 2005 1.425 1.526 1,407,512 2004 1.259 1.425 820,537 2003 1.001 1.259 85,856 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.363 1.443 -- 2005 1.315 1.363 524,811 2004 1.210 1.315 202,670 2003 1.000 1.210 4,367 Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.088 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.104 1.113 -- 2005 1.089 1.104 3,120,622 2004 1.000 1.089 438,335 Travelers Quality Bond Subaccount (3/02)........... 2006 1.064 1.052 -- 2005 1.071 1.064 341,277 2004 1.061 1.071 234,137 2003 1.014 1.061 143,526 2002 1.000 1.014 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.351 1.407 -- 2005 1.354 1.351 459,855 2004 1.256 1.354 421,151 2003 0.969 1.256 331,406 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.111 1.276 -- 2005 1.026 1.111 8,175 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.068 1.027 -- 2005 1.046 1.068 44,867 2004 1.000 1.046 16,481
119 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.652 1.578 486,772 2006 1.456 1.652 674,117 2005 1.431 1.456 696,614 2004 1.246 1.431 428,535 2003 0.974 1.246 89,375 2002 1.000 0.974 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.327 1.459 -- 2006 1.271 1.327 -- 2005 1.205 1.271 -- 2004 1.187 1.205 -- 2003 0.966 1.187 -- 2002 1.000 0.966 --
PORTFOLIO ARCHITECT 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.075 1.148 -- 2006 1.000 1.075 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.039 1.089 -- 2005 1.000 1.039 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.155 1.121 -- 2005 1.000 1.155 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.314 1.474 -- 2006 1.116 1.314 -- 2005 1.000 1.116 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.231 1.351 11,675 2006 1.143 1.231 11,675 2005 1.000 1.143 7,957 American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.169 1.200 -- 2006 1.039 1.169 -- 2005 1.000 1.039 --
120 PORTFOLIO ARCHITECT 3 -- 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 (3/02)................... 2006 1.165 1.150 -- 2005 1.000 1.165 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (3/02)............................................. 2007 1.578 1.649 -- 2006 1.218 1.578 -- 2005 1.000 1.218 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.083 1.404 -- 2005 1.000 1.083 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.145 1.199 -- 2006 1.006 1.145 -- 2005 1.000 1.006 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.072 0.932 -- 2006 1.057 1.072 -- 2005 1.000 1.057 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.076 1.168 -- 2005 1.000 1.076 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.102 1.226 -- 2005 1.000 1.102 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.231 1.411 -- 2006 1.130 1.231 -- 2005 1.000 1.130 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.308 1.364 -- 2006 1.176 1.308 -- 2005 1.000 1.176 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.250 1.408 -- 2006 1.138 1.250 -- 2005 1.000 1.138 --
121 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.079 1.248 -- 2005 1.000 1.079 8,302 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.511 1.902 -- 2006 1.207 1.511 -- 2005 1.000 1.207 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.271 1.434 17,644 2006 1.071 1.271 -- 2005 1.000 1.071 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (8/02)................................... 2006 1.061 1.263 -- 2005 1.000 1.061 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 0.986 1.006 -- 2005 1.000 0.986 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.058 1.090 -- 2005 1.000 1.058 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.174 1.396 -- 2006 1.130 1.174 -- 2005 1.000 1.130 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.182 1.406 -- 2006 1.122 1.182 -- 2005 1.000 1.122 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.198 1.280 -- 2006 1.039 1.198 -- 2005 1.000 1.039 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.028 1.147 -- 2005 1.000 1.028 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.216 1.167 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.168 1.204 --
122 PORTFOLIO ARCHITECT 3 -- 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 Equity Index Subaccount (Class II) (6/02)... 2007 1.153 1.183 -- 2006 1.025 1.153 -- 2005 1.000 1.025 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.230 1.173 -- LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.208 1.226 -- 2006 1.045 1.208 -- 2005 1.000 1.045 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.113 1.109 -- LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.183 1.272 -- 2006 1.074 1.183 -- 2005 1.000 1.074 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.098 1.189 -- 2006 1.043 1.098 -- 2005 1.000 1.043 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.018 1.008 -- 2006 1.000 1.018 -- 2005 1.000 1.000 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.192 1.248 -- 2006 1.033 1.192 -- 2005 1.000 1.033 -- LMPVPI Large Cap Growth Subaccount (Class I) (8/02)............................................. 2007 1.073 1.116 -- 2006 1.054 1.073 -- 2005 1.000 1.054 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (1/00)............................................. 2007 1.182 1.221 -- 2006 1.089 1.182 -- 2005 1.000 1.089 -- LMPVPII Growth and Income Subaccount (Class I) (1/00)............................................. 2007 1.127 1.175 -- 2006 1.026 1.127 -- 2005 1.000 1.026 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.173 1.216 -- 2006 1.023 1.173 -- 2005 1.000 1.023 --
123 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.176 1.294 -- 2006 1.073 1.176 -- 2005 1.000 1.073 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.017 1.046 -- 2005 1.000 1.017 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.128 1.169 -- 2006 1.190 1.128 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.070 1.075 -- 2006 1.020 1.070 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.215 1.272 -- 2006 1.153 1.215 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.261 1.264 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.343 1.299 -- 2006 1.266 1.343 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.341 1.299 -- 2006 1.223 1.341 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.174 1.497 -- 2006 1.150 1.174 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.240 1.094 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.101 1.144 -- 2006 1.046 1.101 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.105 1.154 -- 2006 1.060 1.105 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.073 1.090 -- 2006 1.001 1.073 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.049 -- 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.127 1.232 -- 2006 1.146 1.127 --
124 PORTFOLIO ARCHITECT 3 -- 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 Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.260 1.371 -- 2006 1.275 1.260 -- MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 1.638 2.055 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.469 1.535 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.226 1.290 -- 2006 1.115 1.226 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.011 -- 2006 1.003 1.214 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 0.995 1.048 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.182 1.213 -- 2006 1.104 1.182 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.139 1.254 -- 2006 1.087 1.139 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.044 1.088 -- 2006 1.013 1.044 -- 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 1.072 1.261 -- 2006 1.103 1.072 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.011 1.050 -- 2006 0.978 1.011 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.030 1.058 -- 2006 1.012 1.030 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.175 1.107 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.114 1.131 -- 2006 1.104 1.114 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.100 1.119 -- 2006 1.077 1.100 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.065 -- 2006 1.002 1.055 --
125 PORTFOLIO ARCHITECT 3 -- 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 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 -- 2006 1.002 1.044 -- 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 -- 2006 1.002 1.054 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.104 1.124 -- 2006 1.038 1.104 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.086 -- 2006 0.996 1.046 -- 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 1.064 1.102 -- 2006 1.006 1.064 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 0.987 1.008 -- 2006 0.959 0.987 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 1.006 1.012 -- 2005 1.000 1.006 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.040 1.240 -- 2005 1.000 1.040 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 0.973 0.991 -- 2006 0.989 0.973 -- 2005 1.000 0.989 -- PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.012 1.076 19,653 2006 0.998 1.012 19,653 2005 1.000 0.998 13,117
126 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.157 1.248 -- 2006 1.066 1.157 -- 2005 1.000 1.066 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.367 1.477 -- 2006 1.095 1.367 -- 2005 1.000 1.095 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 1.207 1.286 -- 2006 1.053 1.207 -- 2005 1.000 1.053 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.079 1.146 -- 2005 1.000 1.079 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 0.996 1.060 -- 2005 1.000 0.996 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.093 1.190 -- 2005 1.000 1.093 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.028 1.077 -- 2005 1.000 1.028 -- Travelers Federated High Yield Subaccount (3/02)... 2006 0.997 1.020 -- 2005 1.000 0.997 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.029 1.063 -- 2005 1.000 1.029 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.074 1.104 -- 2005 1.000 1.074 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.172 -- 2005 1.000 1.105 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.018 -- 2005 1.006 1.016 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 --
127 PORTFOLIO ARCHITECT 3 -- 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 (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.089 1.153 -- 2005 1.000 1.089 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.045 1.103 -- 2005 1.000 1.045 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.008 1.038 -- 2005 1.000 1.008 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.034 1.115 -- 2005 1.000 1.034 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.067 1.223 -- 2005 1.000 1.067 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.043 1.104 -- 2005 1.000 1.043 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.005 1.013 -- 2005 1.000 1.005 -- Travelers Quality Bond Subaccount (3/02)........... 2006 0.989 0.978 -- 2005 1.000 0.989 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.042 1.085 -- 2005 1.000 1.042 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 0.997 0.959 -- 2005 1.000 0.997 --
128 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.166 1.113 -- 2006 1.028 1.166 -- 2005 1.000 1.028 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.117 1.228 -- 2006 1.071 1.117 -- 2005 1.000 1.071 --
PORTFOLIO ARCHITECT 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.074 1.148 -- 2006 1.000 1.074 -- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.184 1.241 -- 2005 1.148 1.184 -- 2004 1.111 1.148 -- 2003 1.000 1.111 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.296 1.258 -- 2005 1.155 1.296 26,995 2004 1.092 1.155 -- 2003 1.000 1.092 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.724 1.933 1,700,960 2006 1.465 1.724 1,666,157 2005 1.315 1.465 1,016,509 2004 1.186 1.315 12,546 2003 1.000 1.186 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.541 1.691 5,693,274 2006 1.432 1.541 5,630,680 2005 1.261 1.432 3,527,301 2004 1.148 1.261 176,039 2003 1.000 1.148 --
129 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.437 1.474 5,370,891 2006 1.277 1.437 5,169,568 2005 1.235 1.277 3,353,279 2004 1.145 1.235 116,974 2003 1.000 1.145 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.541 1.522 -- 2005 1.335 1.541 68,905 2004 1.143 1.335 -- 2003 1.000 1.143 -- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (3/02)............................................. 2007 2.413 2.521 -- 2006 1.864 2.413 -- 2005 1.491 1.864 -- 2004 1.222 1.491 -- 2003 1.000 1.222 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.534 1.987 -- 2005 1.465 1.534 178,945 2004 1.142 1.465 -- 2003 1.000 1.142 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.322 1.384 -- 2006 1.162 1.322 -- 2005 1.140 1.162 -- 2004 1.111 1.140 -- 2003 1.000 1.111 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.307 1.135 7,959 2006 1.289 1.307 7,889 2005 1.247 1.289 7,731 2004 1.147 1.247 -- 2003 1.000 1.147 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.398 -- 2005 1.197 1.289 105,878 2004 1.073 1.197 2,361 2003 1.000 1.073 --
130 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.430 -- 2005 1.195 1.286 364,009 2004 1.066 1.195 4,323 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.590 1.821 99,573 2006 1.461 1.590 106,226 2005 1.282 1.461 54,995 2004 1.140 1.282 1,554 2003 1.000 1.140 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.432 1.492 -- 2006 1.288 1.432 -- 2005 1.092 1.288 -- 2004 1.104 1.092 -- 2003 1.000 1.104 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.844 2.078 1,524,858 2006 1.680 1.844 1,729,473 2005 1.457 1.680 916,237 2004 1.197 1.457 7,282 2003 1.000 1.197 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.326 1.534 -- 2005 1.228 1.326 1,018,600 2004 1.116 1.228 8,874 2003 1.000 1.116 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.393 3.010 1,112,320 2006 1.913 2.393 1,165,243 2005 1.537 1.913 605,698 2004 1.261 1.537 -- 2003 1.000 1.261 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.736 1.957 1,685,764 2006 1.463 1.736 1,664,516 2005 1.359 1.463 831,353 2004 1.174 1.359 -- 2003 1.000 1.174 --
131 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Growth Securities Subaccount (Class 2) (8/02)................................... 2006 1.398 1.663 -- 2005 1.315 1.398 740,845 2004 1.160 1.315 13,918 2003 1.000 1.160 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.052 1.073 -- 2005 1.063 1.052 19,271 2004 1.000 1.063 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.196 1.233 -- 2005 1.138 1.196 -- 2004 1.075 1.138 -- 2003 1.000 1.075 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.419 1.686 -- 2006 1.366 1.419 -- 2005 1.245 1.366 -- 2004 1.116 1.245 -- 2003 1.000 1.116 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.351 1.605 -- 2006 1.282 1.351 -- 2005 1.177 1.282 -- 2004 1.198 1.177 -- 2003 1.000 1.198 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.383 1.477 -- 2006 1.201 1.383 -- 2005 1.164 1.201 -- 2004 1.140 1.164 -- 2003 1.000 1.140 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.336 1.490 -- 2005 1.315 1.336 212,912 2004 1.172 1.315 -- 2003 1.000 1.172 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.459 1.400 1,690,122 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.396 1.438 750,790
132 PORTFOLIO ARCHITECT 3 -- 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 Equity Index Subaccount (Class II) (6/02)... 2007 1.392 1.426 761,039 2006 1.237 1.392 771,088 2005 1.215 1.237 779,368 2004 1.129 1.215 76,132 2003 1.000 1.129 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.496 1.425 901,568 LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.485 1.507 61,312 2006 1.285 1.485 61,338 2005 1.235 1.285 45,577 2004 1.146 1.235 -- 2003 1.000 1.146 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.241 1.236 408,457 LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.568 1.684 125,683 2006 1.423 1.568 16,353 2005 1.389 1.423 24,636 2004 1.235 1.389 4,834 2003 1.000 1.235 -- 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 1.001 0.991 561,560 2006 0.985 1.001 625,082 2005 0.985 0.985 488,307 2004 0.997 0.985 103,512 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.450 1.517 -- 2006 1.257 1.450 -- 2005 1.236 1.257 -- 2004 1.169 1.236 -- 2003 1.000 1.169 -- LMPVPI Large Cap Growth Subaccount (Class I) (8/02)............................................. 2007 1.193 1.240 -- 2006 1.172 1.193 -- 2005 1.140 1.172 -- 2004 1.161 1.140 -- 2003 1.000 1.161 --
133 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (1/00)............................................. 2007 1.419 1.466 -- 2006 1.308 1.419 5,230 2005 1.219 1.308 5,359 2004 1.144 1.219 1,649 2003 1.000 1.144 -- LMPVPII Growth and Income Subaccount (Class I) (1/00)............................................. 2007 1.322 1.378 -- 2006 1.204 1.322 -- 2005 1.190 1.204 -- 2004 1.124 1.190 -- 2003 1.000 1.124 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.448 1.501 -- 2006 1.264 1.448 433,634 2005 1.253 1.264 394,021 2004 1.139 1.253 23,251 2003 1.000 1.139 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.621 1.783 -- 2006 1.479 1.621 877,639 2005 1.399 1.479 780,376 2004 1.155 1.399 29,210 2003 1.000 1.155 -- 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 1.510 1.564 4,367 2006 1.594 1.510 4,491 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.262 1.267 21,871 2006 1.204 1.262 10,792 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.505 1.574 -- 2006 1.428 1.505 13,156 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.561 1.565 16,304 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.342 1.298 107,461 2006 1.265 1.342 50,885
134 PORTFOLIO ARCHITECT 3 -- 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 Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.759 1.703 302,392 2006 1.604 1.759 501,775 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.552 1.978 117,641 2006 1.522 1.552 88,498 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.239 1.092 18,766 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 1.244 1.298 -- 2006 1.193 1.244 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.072 1.089 132,283 2006 1.001 1.072 31,253 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.048 1,305,651 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.310 1.432 55,303 2006 1.333 1.310 67,191 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.259 1.370 35,685 2006 1.275 1.259 26,785 MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.505 3.141 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.966 2.054 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.374 1.445 483,577 2006 1.250 1.374 575,613 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.010 672,708 2006 1.003 1.214 756,100 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.114 1.174 1,328,069 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.433 1.469 182,216 2006 1.339 1.433 184,963 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.138 1.253 -- 2006 1.087 1.138 14,204 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.145 1.192 1,525,393 2006 1.111 1.145 1,395,968
135 PORTFOLIO ARCHITECT 3 -- 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 Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.970 1,537,653 2006 1.003 1.024 1,096,829 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.301 1.530 306,490 2006 1.339 1.301 52,352 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.047 1.087 1,084 2006 1.013 1.047 1,088 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.009 1.035 131,419 2006 0.991 1.009 23,504 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.322 1.245 18,764 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.285 1.305 218,554 2006 1.274 1.285 187,688 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.326 1.348 663,576 2006 1.299 1.326 708,097 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.064 74,475 2006 1.002 1.055 363,846 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.070 27,446 2006 1.001 1.037 31,936 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.044 1.069 121,918 2006 1.002 1.044 116,217 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.049 1.069 567,070 2006 1.002 1.049 507,430 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.069 351,687 2006 1.002 1.054 359,886 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.292 1.315 1,537,627 2006 1.215 1.292 1,548,544 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.085 1,902,487 2006 0.996 1.046 1,959,165 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.134 28,624 2006 0.998 1.063 28,624
136 PORTFOLIO ARCHITECT 3 -- 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 Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.134 1.175 -- 2006 1.073 1.134 12,031 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.055 1.077 15,176 2006 1.025 1.055 15,673 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.985 0.991 -- 2005 0.980 0.985 56,970 2004 0.993 0.980 -- 2003 1.000 0.993 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.102 1.313 -- 2005 1.067 1.102 19,841 2004 1.000 1.067 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.090 1.109 -- 2006 1.108 1.090 1,230,469 2005 1.111 1.108 971,586 2004 1.045 1.111 87,192 2003 1.000 1.045 -- PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.064 1.130 3,604,618 2006 1.049 1.064 3,118,644 2005 1.048 1.049 2,187,620 2004 1.023 1.048 92,831 2003 1.000 1.023 -- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.343 1.447 -- 2006 1.238 1.343 -- 2005 1.182 1.238 -- 2004 1.125 1.182 -- 2003 1.000 1.125 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.830 1.976 -- 2006 1.467 1.830 -- 2005 1.338 1.467 -- 2004 1.179 1.338 -- 2003 1.000 1.179 --
137 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 1.824 1.943 -- 2006 1.592 1.824 252,629 2005 1.523 1.592 237,163 2004 1.235 1.523 -- 2003 1.000 1.235 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.255 1.333 -- 2005 1.181 1.255 49,939 2004 1.135 1.181 9,847 2003 1.000 1.135 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.122 1.193 -- 2005 1.144 1.122 -- 2004 1.102 1.144 -- 2003 1.000 1.102 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.463 1.594 -- 2005 1.332 1.463 4,321 2004 1.171 1.332 -- 2003 1.000 1.171 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.239 1.299 -- 2005 1.214 1.239 623,080 2004 1.131 1.214 38,632 2003 1.000 1.131 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.177 1.204 -- 2005 1.175 1.177 10,587 2004 1.090 1.175 -- 2003 1.000 1.090 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.272 1.314 -- 2005 1.236 1.272 -- 2004 1.145 1.236 -- 2003 1.000 1.145 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.240 1.274 -- 2005 1.168 1.240 60,974 2004 1.122 1.168 -- 2003 1.000 1.122 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.171 -- 2005 1.000 1.104 295,809
138 PORTFOLIO ARCHITECT 3 -- 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 Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.017 -- 2005 1.006 1.016 31,450 Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 292,696 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.126 -- 2005 1.000 1.083 132,397 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.349 1.428 -- 2005 1.232 1.349 10,886 2004 1.088 1.232 6,671 2003 1.000 1.088 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.269 1.339 -- 2005 1.260 1.269 38,726 2004 1.131 1.260 -- 2003 1.000 1.131 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.180 1.215 -- 2005 1.173 1.180 1,039,277 2004 1.077 1.173 63,089 2003 1.000 1.077 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.160 1.250 -- 2005 1.115 1.160 365,164 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.400 1.604 -- 2005 1.308 1.400 248,371 2004 1.157 1.308 2,184 2003 1.000 1.157 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.265 1.339 -- 2005 1.222 1.265 121,433 2004 1.126 1.222 -- 2003 1.000 1.126 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 3,792
139 PORTFOLIO ARCHITECT 3 -- 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 Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.111 -- 2005 1.089 1.102 897,033 2004 1.000 1.089 8,613 Travelers Quality Bond Subaccount (3/02)........... 2006 1.025 1.013 -- 2005 1.032 1.025 16,551 2004 1.023 1.032 -- 2003 1.000 1.023 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.197 1.246 -- 2005 1.201 1.197 26,075 2004 1.115 1.201 -- 2003 1.000 1.115 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 18,294 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.265 -- 2005 1.000 1.106 23,495 Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.066 1.025 -- 2005 1.046 1.066 15,246 2004 1.000 1.046 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.501 1.431 26,853 2006 1.324 1.501 27,992 2005 1.302 1.324 39,244 2004 1.135 1.302 -- 2003 1.000 1.135 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.261 1.385 -- 2006 1.209 1.261 -- 2005 1.147 1.209 -- 2004 1.131 1.147 -- 2003 1.000 1.131 --
PORTFOLIO ARCHITECT 3 -- 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. Core Equity Subaccount (Series I) (4/06).. 2007 1.074 1.147 -- 2006 1.000 1.074 --
140 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- AIM V.I. Premier Equity Subaccount (Series I) (10/02)............................................ 2006 1.251 1.310 -- 2005 1.213 1.251 -- 2004 1.175 1.213 -- 2003 0.963 1.175 -- 2002 1.000 0.963 -- AllianceBernstein Variable Products Series Fund, Inc. AllianceBernstein Large-Cap Growth Subaccount (Class B) (5/02)................................... 2006 1.352 1.310 -- 2005 1.206 1.352 -- 2004 1.141 1.206 -- 2003 0.947 1.141 -- 2002 1.000 0.947 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.882 2.109 151,884 2006 1.602 1.882 143,905 2005 1.439 1.602 138,235 2004 1.299 1.439 117,326 2003 0.984 1.299 27,500 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.717 1.882 369,608 2006 1.596 1.717 388,127 2005 1.408 1.596 400,790 2004 1.282 1.408 310,557 2003 0.960 1.282 18,290 2002 1.000 0.960 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.569 1.608 692,058 2006 1.396 1.569 691,666 2005 1.352 1.396 698,656 2004 1.255 1.352 519,464 2003 0.971 1.255 98,877 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.588 1.567 -- 2005 1.377 1.588 -- 2004 1.180 1.377 -- 2003 0.968 1.180 -- 2002 1.000 0.968 --
141 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Credit Suisse Trust Credit Suisse Trust Emerging Markets Subaccount (3/02)............................................. 2007 2.695 2.815 -- 2006 2.084 2.695 -- 2005 1.669 2.084 -- 2004 1.369 1.669 -- 2003 0.982 1.369 -- 2002 1.000 0.982 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.763 2.281 -- 2005 1.685 1.763 16,074 2004 1.314 1.685 15,026 2003 1.005 1.314 -- 2002 1.000 1.005 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.362 1.424 -- 2006 1.198 1.362 -- 2005 1.177 1.198 -- 2004 1.148 1.177 -- 2003 0.971 1.148 -- 2002 1.000 0.971 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.425 1.237 27,604 2006 1.407 1.425 25,165 2005 1.363 1.407 24,432 2004 1.254 1.363 13,054 2003 0.976 1.254 -- 2002 1.000 0.976 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.394 -- 2005 1.196 1.286 121,502 2004 1.073 1.196 81,602 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 50,696 2004 1.066 1.194 23,600 2003 1.000 1.066 --
142 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.724 1.973 27,905 2006 1.585 1.724 27,905 2005 1.393 1.585 27,905 2004 1.239 1.393 13,101 2003 0.991 1.239 -- 2002 1.000 0.991 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.502 1.564 -- 2006 1.352 1.502 -- 2005 1.148 1.352 -- 2004 1.162 1.148 -- 2003 0.953 1.162 -- 2002 1.000 0.953 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.044 2.300 98,210 2006 1.864 2.044 92,492 2005 1.618 1.864 87,770 2004 1.330 1.618 55,163 2003 0.986 1.330 -- 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.440 1.663 -- 2005 1.334 1.440 109,818 2004 1.214 1.334 66,367 2003 0.994 1.214 -- 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.720 3.418 84,813 2006 2.176 2.720 88,968 2005 1.750 2.176 77,549 2004 1.438 1.750 48,873 2003 1.000 1.438 3,951 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.880 2.117 301,696 2006 1.586 1.880 324,994 2005 1.475 1.586 319,848 2004 1.275 1.475 261,521 2003 0.988 1.275 22,009 2002 1.000 0.988 --
143 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Growth Securities Subaccount (Class 2) (8/02)................................... 2006 1.514 1.800 -- 2005 1.425 1.514 34,123 2004 1.259 1.425 18,185 2003 0.976 1.259 -- 2002 1.000 0.976 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.050 1.071 -- 2005 1.062 1.050 4,730 2004 1.000 1.062 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.225 1.261 -- 2005 1.166 1.225 -- 2004 1.103 1.166 -- 2003 0.994 1.103 -- 2002 1.000 0.994 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.543 1.832 -- 2006 1.487 1.543 -- 2005 1.356 1.487 -- 2004 1.217 1.356 -- 2003 0.988 1.217 -- 2002 1.000 0.988 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.517 1.801 -- 2006 1.442 1.517 -- 2005 1.324 1.442 -- 2004 1.350 1.324 -- 2003 0.944 1.350 -- 2002 1.000 0.944 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.430 1.526 -- 2006 1.242 1.430 -- 2005 1.206 1.242 -- 2004 1.182 1.206 -- 2003 0.980 1.182 -- 2002 1.000 0.980 --
144 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.509 1.681 -- 2005 1.487 1.509 117,932 2004 1.326 1.487 115,028 2003 1.000 1.326 16,913 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.600 1.534 170,798 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.477 1.520 203,155 LMPVET Equity Index Subaccount (Class II) (6/02)... 2007 1.481 1.517 56,688 2006 1.319 1.481 56,277 2005 1.296 1.319 57,517 2004 1.205 1.296 56,683 2003 0.967 1.205 4,400 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.668 1.588 268,114 LMPVET Investors Subaccount (Class I) (2/02)....... 2007 1.599 1.621 4,221 2006 1.386 1.599 4,425 2005 1.333 1.386 19,317 2004 1.238 1.333 14,772 2003 0.958 1.238 -- 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.443 1.436 44,517 LMPVET Small Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.783 1.913 7,881 2006 1.620 1.783 5,170 2005 1.583 1.620 5,170 2004 1.409 1.583 10,091 2003 0.969 1.409 -- 2002 1.000 0.969 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.152 1.246 -- 2006 1.096 1.152 -- 2005 1.076 1.096 -- 2004 1.000 1.076 --
145 PORTFOLIO ARCHITECT 3 -- 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 Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.998 0.987 35,902 2006 0.982 0.998 34,739 2005 0.983 0.982 71,556 2004 0.996 0.983 27,260 2003 1.000 0.996 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (12/01)........ 2007 1.611 1.685 -- 2006 1.397 1.611 44,169 2005 1.376 1.397 44,222 2004 1.302 1.376 56,429 2003 0.960 1.302 -- 2002 1.000 0.960 -- LMPVPI Large Cap Growth Subaccount (Class I) (8/02)............................................. 2007 1.388 1.442 -- 2006 1.364 1.388 -- 2005 1.329 1.364 -- 2004 1.355 1.329 -- 2003 0.961 1.355 -- 2002 1.000 0.961 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (1/00)............................................. 2007 1.606 1.658 -- 2006 1.481 1.606 -- 2005 1.381 1.481 -- 2004 1.298 1.381 -- 2003 0.949 1.298 -- 2002 1.000 0.949 -- LMPVPII Growth and Income Subaccount (Class I) (1/00)............................................. 2007 1.441 1.501 -- 2006 1.314 1.441 -- 2005 1.299 1.314 -- 2004 1.228 1.299 -- 2003 0.967 1.228 -- 2002 1.000 0.967 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.566 1.623 -- 2006 1.369 1.566 72,173 2005 1.358 1.369 72,341 2004 1.236 1.358 45,415 2003 1.000 1.236 --
146 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.751 1.925 -- 2006 1.599 1.751 130,057 2005 1.514 1.599 143,324 2004 1.251 1.514 85,876 2003 1.000 1.251 33,139 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.085 1.116 -- 2005 1.071 1.085 -- 2004 1.000 1.071 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.639 1.696 -- 2006 1.731 1.639 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.384 1.388 11,723 2006 1.321 1.384 7,716 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.586 1.658 -- 2006 1.506 1.586 17,077 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.644 1.647 17,077 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.339 1.294 122 2006 1.264 1.339 122 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.903 1.841 87,288 2006 1.737 1.903 87,174 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.597 2.033 9,198 2006 1.567 1.597 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.237 1.090 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.173 1.217 -- 2006 1.116 1.173 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.380 1.438 23,443 2006 1.324 1.380 25,967 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.072 1.087 125,019 2006 1.001 1.072 79,573 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.066 1.046 203,930 2006 1.002 1.066 --
147 PORTFOLIO ARCHITECT 3 -- 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 Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.403 1.532 11,571 2006 1.428 1.403 12,009 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.257 1.366 4,253 2006 1.274 1.257 -- MIST MFS(R) Emerging Markets Equity Subaccount (Class A) (4/07)................................... 2007 2.797 3.505 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.072 2.163 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.371 1.440 22,309 2006 1.248 1.371 22,589 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.213 1.009 30,337 2006 1.003 1.213 28,088 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.106 1.164 71,468 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.533 1.571 38,264 2006 1.434 1.533 48,383 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.136 1.251 -- 2006 1.086 1.136 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.142 1.188 88,111 2006 1.109 1.142 75,845 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.968 202,843 2006 1.003 1.023 201,303 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.494 1.755 53,828 2006 1.539 1.494 56,896 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.080 1.120 54,742 2006 1.045 1.080 57,422 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 0.995 1.020 8,890 2006 0.978 0.995 8,154 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/07).......................................... 2007 1.383 1.302 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.342 1.361 -- 2006 1.332 1.342 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.433 1.455 66,812 2006 1.405 1.433 66,817
148 PORTFOLIO ARCHITECT 3 -- 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 Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.062 -- 2006 1.002 1.054 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.068 -- 2006 1.001 1.037 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.043 1.067 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.048 1.067 -- 2006 1.002 1.048 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.067 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.340 1.362 376,896 2006 1.261 1.340 390,284 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.045 1.084 210,596 2006 0.996 1.045 225,058 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.132 -- 2006 0.998 1.063 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.131 1.171 -- 2006 1.071 1.131 4,730 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.053 1.073 51,143 2006 1.023 1.053 50,682 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.973 0.978 -- 2005 0.969 0.973 6,880 2004 0.983 0.969 -- 2003 0.999 0.983 -- 2002 1.000 0.999 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.100 1.310 -- 2005 1.066 1.100 12,321 2004 1.000 1.066 6,275
149 PORTFOLIO ARCHITECT 3 -- 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 -------------- ---- ------------- ------------- --------------- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.083 1.101 -- 2006 1.102 1.083 82,238 2005 1.106 1.102 90,023 2004 1.041 1.106 76,552 2003 1.000 1.041 4,873 PIMCO VIT Total Return Subaccount (Administrative Class) (2/02)...................................... 2007 1.075 1.141 411,482 2006 1.061 1.075 411,212 2005 1.061 1.061 438,654 2004 1.037 1.061 341,573 2003 1.012 1.037 37,287 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT Discovery Growth Subaccount (Class IB) (1/00)............................................. 2007 1.469 1.582 -- 2006 1.356 1.469 -- 2005 1.295 1.356 -- 2004 1.234 1.295 -- 2003 0.958 1.234 -- 2002 1.000 0.958 -- Putnam VT International Equity Subaccount (Class IB) (5/02)......................................... 2007 1.929 2.083 -- 2006 1.548 1.929 -- 2005 1.414 1.548 -- 2004 1.247 1.414 -- 2003 0.994 1.247 -- 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (3/02)............................................. 2007 2.100 2.236 -- 2006 1.835 2.100 -- 2005 1.756 1.835 -- 2004 1.426 1.756 -- 2003 0.977 1.426 -- 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/02)............................................. 2006 1.345 1.428 -- 2005 1.268 1.345 11,612 2004 1.220 1.268 -- 2003 0.967 1.220 -- 2002 1.000 0.967 --
150 PORTFOLIO ARCHITECT 3 -- 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 Convertible Securities Subaccount (3/02)............................................. 2006 1.246 1.324 -- 2005 1.272 1.246 25,974 2004 1.226 1.272 17,936 2003 0.995 1.226 -- 2002 1.000 0.995 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.589 1.731 -- 2005 1.449 1.589 -- 2004 1.275 1.449 -- 2003 0.977 1.275 -- 2002 1.000 0.977 -- Travelers Equity Income Subaccount (5/02).......... 2006 1.341 1.405 -- 2005 1.315 1.341 66,824 2004 1.226 1.315 50,384 2003 0.958 1.226 4,325 2002 1.000 0.958 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.292 1.321 -- 2005 1.291 1.292 7,619 2004 1.198 1.291 1,188 2003 1.003 1.198 -- 2002 1.000 1.003 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.350 1.394 -- 2005 1.313 1.350 4,395 2004 1.217 1.313 4,395 2003 0.977 1.217 -- 2002 1.000 0.977 -- Travelers Large Cap Subaccount (6/02).............. 2006 1.296 1.332 -- 2005 1.222 1.296 -- 2004 1.176 1.222 -- 2003 0.966 1.176 -- 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.170 -- 2005 1.000 1.104 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.016 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.084 -- 2005 1.007 1.049 --
151 PORTFOLIO ARCHITECT 3 -- 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 Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.082 1.125 -- 2005 1.000 1.082 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.044 -- 2005 1.000 1.027 -- Travelers Mercury Large Cap Core Subaccount (8/02)............................................. 2006 1.422 1.506 -- 2005 1.301 1.422 3,795 2004 1.150 1.301 3,795 2003 0.973 1.150 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.458 1.539 -- 2005 1.450 1.458 58,156 2004 1.302 1.450 11,068 2003 0.974 1.302 -- 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (2/02).... 2006 1.225 1.261 -- 2005 1.219 1.225 446,074 2004 1.121 1.219 351,659 2003 0.986 1.121 4,696 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.158 1.248 -- 2005 1.114 1.158 23,589 2004 1.000 1.114 5,161 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.516 1.737 -- 2005 1.419 1.516 70,701 2004 1.256 1.419 51,990 2003 1.001 1.256 4,334 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.355 1.434 -- 2005 1.310 1.355 49,236 2004 1.208 1.310 50,441 2003 1.000 1.208 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.086 -- 2005 1.035 1.034 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.101 1.109 -- 2005 1.088 1.101 78,141 2004 1.000 1.088 67,513
152 PORTFOLIO ARCHITECT 3 -- 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 Quality Bond Subaccount (3/02)........... 2006 1.058 1.045 -- 2005 1.067 1.058 56,851 2004 1.058 1.067 30,261 2003 1.014 1.058 -- 2002 1.000 1.014 -- Travelers Strategic Equity Subaccount (4/02)....... 2006 1.343 1.397 -- 2005 1.348 1.343 -- 2004 1.254 1.348 -- 2003 0.969 1.254 -- 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.274 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.105 1.264 -- 2005 1.000 1.105 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.064 1.023 -- 2005 1.045 1.064 49,859 2004 1.000 1.045 26,273 Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.639 1.562 10,848 2006 1.447 1.639 10,848 2005 1.425 1.447 10,848 2004 1.243 1.425 10,848 2003 0.974 1.243 -- 2002 1.000 0.974 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.316 1.444 -- 2006 1.263 1.316 -- 2005 1.200 1.263 -- 2004 1.185 1.200 -- 2003 0.966 1.185 -- 2002 1.000 0.966 --
* 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. 153 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, AIM Variable Insurance Fund-AIM VI Premier Equity Fund merged into AIM Variable Insurance Fund-AIM V.I. Core Equity Fund 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 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 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, 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-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-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-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-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. 154 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-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-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-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-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-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 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-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-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: 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: 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. 155 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, AIM Variable Insurance Funds-AIM V.I. Core Equity Fund was replaced by Metropolitan Series Fund, Inc.-Capital Guardian U.S. Equity Portfolio 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. 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 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. 156 CONDENSED FINANCIAL INFORMATION -- PORTFOLIO ARCHITECT L -------------------------------------------------------------------------------- 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 L -- SEPARATE ACCOUNT CHARGES 1.85%
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) (2/00)................................... 2006 1.166 1.138 -- 2005 1.034 1.166 95,999 2004 0.973 1.034 75,694 2003 0.803 0.973 40,191 2002 1.183 0.803 4,743 2001 1.000 1.183 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.950 2.198 1,556,749 2006 1.649 1.950 1,493,191 2005 1.473 1.649 1,392,866 2004 1.322 1.473 689,281 2003 0.995 1.322 338,279 2002 1.188 0.995 108,035 2001 1.000 1.188 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.681 1.854 4,613,267 2006 1.553 1.681 5,177,418 2005 1.362 1.553 5,108,335 2004 1.233 1.362 3,022,506 2003 0.918 1.233 1,910,413 2002 1.238 0.918 519,111 2001 1.000 1.238 5,663 American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.517 1.564 4,745,709 2006 1.341 1.517 5,407,103 2005 1.291 1.341 5,384,780 2004 1.191 1.291 3,748,375 2003 0.916 1.191 2,541,469 2002 1.143 0.916 825,826 2001 1.000 1.143 6,095 Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.297 1.282 -- 2005 1.117 1.297 69,464 2004 0.952 1.117 10,285 2003 0.777 0.952 5,296 2002 1.000 0.777 6,000
157 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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) (3/02)............................................. 2006 1.703 2.217 -- 2005 1.618 1.703 444,721 2004 1.255 1.618 282,289 2003 0.953 1.255 261,390 2002 1.000 0.953 110,495 Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.149 1.208 67,934 2006 1.005 1.149 75,380 2005 0.981 1.005 136,376 2004 0.951 0.981 157,298 2003 0.799 0.951 147,390 2002 1.000 0.799 27,841 Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.124 0.982 56,511 2006 1.104 1.124 59,575 2005 1.063 1.104 72,545 2004 0.972 1.063 68,322 2003 0.752 0.972 47,049 2002 1.000 0.752 13,673 FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.302 1.415 -- 2005 1.204 1.302 230,497 2004 1.074 1.204 45,466 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.299 1.447 -- 2005 1.202 1.299 372,761 2004 1.067 1.202 73,290 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.545 1.779 282,222 2006 1.412 1.545 326,686 2005 1.233 1.412 507,515 2004 1.091 1.233 413,003 2003 0.867 1.091 328,539 2002 1.000 0.867 101,822
158 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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) (3/02)........................... 2007 1.393 1.460 17,948 2006 1.247 1.393 19,110 2005 1.053 1.247 26,031 2004 1.059 1.053 29,168 2003 0.863 1.059 13,751 2002 1.000 0.863 1,000 VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.813 2.053 1,653,650 2006 1.643 1.813 1,974,513 2005 1.418 1.643 1,993,749 2004 1.159 1.418 1,597,208 2003 0.854 1.159 1,203,368 2002 1.000 0.854 289,347 Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.242 1.443 -- 2005 1.144 1.242 1,920,497 2004 1.035 1.144 911,365 2003 0.842 1.035 482,403 2002 1.000 0.842 112,568 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.780 3.515 672,445 2006 2.211 2.780 631,126 2005 1.767 2.211 453,826 2004 1.444 1.767 74,045 2003 1.000 1.444 6,032 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.766 2.001 1,716,560 2006 1.481 1.766 1,728,859 2005 1.369 1.481 1,323,471 2004 1.177 1.369 672,403 2003 0.907 1.177 254,384 2002 1.134 0.907 136,180 2001 1.000 1.134 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.246 1.490 -- 2005 1.166 1.246 699,854 2004 1.024 1.166 204,395 2003 0.789 1.024 96,803 2002 1.000 0.789 58,188
159 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.061 1.084 -- 2005 1.067 1.061 706 2004 1.000 1.067 37,259 Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.144 1.181 -- 2005 1.082 1.144 785,415 2004 1.018 1.082 1,043,236 2003 0.912 1.018 936,861 2002 1.000 0.912 75,931 Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.174 1.403 8,818 2006 1.125 1.174 8,818 2005 1.020 1.125 12,486 2004 0.910 1.020 12,839 2003 0.734 0.910 10,786 2002 1.000 0.734 1,969 Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.026 1.226 32,624 2006 0.970 1.026 38,836 2005 0.885 0.970 35,248 2004 0.897 0.885 26,300 2003 0.624 0.897 73,480 2002 1.000 0.624 73,481 Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.105 1.186 1,838 2006 0.955 1.105 29,200 2005 0.921 0.955 30,274 2004 0.898 0.921 33,578 2003 0.739 0.898 12,190 2002 1.000 0.739 3,000 Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.534 1.717 -- 2005 1.502 1.534 386,440 2004 1.332 1.502 112,428 2003 1.000 1.332 101,266 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.385 1.333 2,907,378 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.428 1.476 1,692,474
160 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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 Equity Index Subaccount (Class II) (6/00)... 2007 1.365 1.406 1,437,972 2006 1.208 1.365 1,568,652 2005 1.180 1.208 2,001,890 2004 1.091 1.180 1,576,990 2003 0.870 1.091 1,068,257 2002 1.141 0.870 208,514 2001 1.000 1.141 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.606 1.536 2,599,416 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.463 1.493 715,037 2006 1.261 1.463 754,904 2005 1.205 1.261 1,014,142 2004 1.112 1.205 1,069,597 2003 0.856 1.112 738,841 2002 1.134 0.856 316,814 2001 1.000 1.134 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.366 1.365 1,027,936 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.515 1.636 646,982 2006 1.369 1.515 371,640 2005 1.329 1.369 467,037 2004 1.176 1.329 436,895 2003 0.805 1.176 267,896 2002 1.255 0.805 20,161 2001 1.000 1.255 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.170 1.274 -- 2006 1.107 1.170 -- 2005 1.080 1.107 -- 2004 1.000 1.080 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.018 1.013 277,624 2006 0.996 1.018 365,576 2005 0.991 0.996 337,114 2004 0.998 0.991 90,836 2003 1.000 0.998 2,550
161 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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) (6/00)......... 2007 1.426 1.494 -- 2006 1.229 1.426 1,234,613 2005 1.204 1.229 1,548,293 2004 1.132 1.204 1,643,520 2003 0.829 1.132 1,213,718 2002 1.127 0.829 482,311 2001 1.000 1.127 6,229 LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.180 1.229 -- 2006 1.154 1.180 6,540 2005 1.117 1.154 38,363 2004 1.132 1.117 38,402 2003 0.798 1.132 31,304 2002 1.000 0.798 15,441 Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.309 1.354 -- 2006 1.200 1.309 12,351 2005 1.113 1.200 12,355 2004 1.039 1.113 12,359 2003 0.755 1.039 9,531 2002 1.000 0.755 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.218 1.271 -- 2006 1.103 1.218 28,512 2005 1.085 1.103 110,014 2004 1.019 1.085 115,405 2003 0.798 1.019 118,746 2002 1.000 0.798 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.601 1.663 -- 2006 1.391 1.601 472,960 2005 1.372 1.391 516,959 2004 1.241 1.372 439,996 2003 1.000 1.241 9,795 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.790 1.971 -- 2006 1.625 1.790 788,623 2005 1.529 1.625 891,248 2004 1.256 1.529 337,639 2003 1.000 1.256 171,217
162 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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 1.096 1.130 -- 2005 1.075 1.096 -- 2004 1.000 1.075 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.363 1.419 63,489 2006 1.434 1.363 119,361 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.401 1.413 114,336 2006 1.331 1.401 121,821 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.412 1.480 -- 2006 1.336 1.412 254,579 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.467 1.476 192,664 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.353 1.315 94,327 2006 1.271 1.353 63,505 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.641 1.597 634,009 2006 1.492 1.641 503,697 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.312 1.680 16,965 2006 1.282 1.312 72,557 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.251 1.107 11,446 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.192 1.244 -- 2006 1.130 1.192 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.329 1.394 125,143 2006 1.270 1.329 330,209 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.076 1.098 495,414 2006 1.001 1.076 556,202 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.070 1.057 1,217,180 2006 1.002 1.070 30,882 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.340 1.472 163,935 2006 1.359 1.340 168,317 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.269 1.388 18,812 2006 1.281 1.269 9,703
163 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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) Research International Subaccount (Class B) (4/07)................................... 2007 1.967 2.062 127,541 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.393 1.472 596,719 2006 1.262 1.393 611,218 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.218 1.019 624,943 2006 1.003 1.218 662,239 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.133 1.197 2,986,254 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.567 1.615 112,489 2006 1.460 1.567 132,280 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.147 1.265 -- 2006 1.092 1.147 8,605 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.160 1.214 1,293,753 2006 1.122 1.160 1,268,342 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.027 0.978 1,979,617 2006 1.003 1.027 1,422,559 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 0.862 1.019 319,524 2006 0.885 0.862 388,262 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.151 1.201 117,398 2006 1.110 1.151 186,368 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.016 1.047 722,160 2006 0.995 1.016 684,798 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.227 1.252 283,280 2006 1.212 1.227 360,693 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.462 1.494 1,350,885 2006 1.428 1.462 1,798,073 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.059 1.073 5,280 2006 1.002 1.059 5,308 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.041 1.079 605,440 2006 1.001 1.041 215,648 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.047 1.078 99,992 2006 1.002 1.047 93,358
164 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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 1.053 1.078 260,609 2006 1.002 1.053 83,637 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.058 1.078 256,798 2006 1.002 1.058 123,201 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.399 1.431 2,910,009 2006 1.311 1.399 3,994,432 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.049 1.095 1,400,766 2006 0.996 1.049 1,352,414 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.067 1.143 63,992 2006 0.998 1.067 76,994 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.150 1.192 -- 2006 1.084 1.150 753 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.069 1.097 -- 2006 1.035 1.069 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.987 0.995 -- 2005 0.977 0.987 697,307 2004 0.986 0.977 810,036 2003 0.996 0.986 146,533 2002 1.000 0.996 503,034 Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.111 1.329 -- 2005 1.071 1.111 4,459 2004 1.000 1.071 4,344 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.107 1.128 -- 2006 1.119 1.107 3,283,429 2005 1.117 1.119 2,555,183 2004 1.045 1.117 974,468 2003 1.000 1.045 233,173
165 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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) (5/01)...................................... 2007 1.169 1.248 7,651,668 2006 1.146 1.169 9,603,831 2005 1.140 1.146 12,289,203 2004 1.107 1.140 11,093,565 2003 1.074 1.107 10,441,947 2002 1.003 1.074 3,411,930 2001 1.000 1.003 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.828 1.977 -- 2006 1.458 1.828 136,687 2005 1.323 1.458 188,294 2004 1.160 1.323 191,672 2003 0.919 1.160 186,378 2002 1.138 0.919 63,610 2001 1.000 1.138 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.157 2.302 -- 2006 1.874 2.157 367,368 2005 1.783 1.874 418,626 2004 1.439 1.783 396,956 2003 0.980 1.439 376,864 2002 1.221 0.980 182,271 2001 1.000 1.221 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.277 1.359 -- 2005 1.196 1.277 190,318 2004 1.144 1.196 375,673 2003 0.901 1.144 277,176 2002 1.206 0.901 89,349 2001 1.000 1.206 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.193 1.270 -- 2005 1.211 1.193 874,457 2004 1.160 1.211 1,867,255 2003 0.936 1.160 1,506,911 2002 1.000 0.936 71,159 Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.314 1.434 -- 2005 1.191 1.314 145,447 2004 1.042 1.191 154,508 2003 0.793 1.042 85,024 2002 1.000 0.793 12,568
166 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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 (10/00)......... 2006 1.360 1.428 -- 2005 1.326 1.360 2,433,988 2004 1.229 1.326 2,231,165 2003 0.955 1.229 1,497,940 2002 1.130 0.955 132,792 2001 1.000 1.130 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.300 1.331 -- 2005 1.291 1.300 144,173 2004 1.191 1.291 148,509 2003 0.991 1.191 117,943 2002 1.000 0.991 35,619 Travelers Federated Stock Subaccount (3/02)........ 2006 1.100 1.138 -- 2005 1.064 1.100 143,924 2004 0.980 1.064 186,769 2003 0.782 0.980 159,882 2002 1.000 0.782 39,368 Travelers Large Cap Subaccount (6/00).............. 2006 1.177 1.212 -- 2005 1.103 1.177 305,074 2004 1.055 1.103 587,004 2003 0.862 1.055 525,495 2002 1.138 0.862 71,115 2001 1.000 1.138 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.108 1.177 -- 2005 1.000 1.108 4,537 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.019 1.022 -- 2005 1.007 1.019 25,289 Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.053 1.090 -- 2005 1.008 1.053 49,057 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.086 1.132 -- 2005 1.000 1.086 44,275 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.030 1.049 -- 2005 1.000 1.030 4,434
167 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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 Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.259 1.336 -- 2005 1.145 1.259 382,840 2004 1.006 1.145 528,392 2003 0.846 1.006 438,531 2002 1.151 0.846 27,272 2001 1.000 1.151 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 0.837 0.885 -- 2005 0.827 0.837 363,071 2004 0.738 0.827 197,288 2003 0.549 0.738 79,566 2002 1.000 0.549 6,056 Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.271 1.311 -- 2005 1.258 1.271 5,187,440 2004 1.150 1.258 4,470,787 2003 1.005 1.150 3,403,681 2002 1.081 1.005 458,806 2001 1.000 1.081 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.169 1.262 -- 2005 1.119 1.169 425,726 2004 1.000 1.119 22,370 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.300 1.492 -- 2005 1.209 1.300 476,199 2004 1.064 1.209 377,856 2003 0.843 1.064 45,040 2002 1.000 0.843 7,884 Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.377 1.460 -- 2005 1.324 1.377 109,545 2004 1.213 1.324 68,258 2003 1.000 1.213 14,955 Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.038 1.092 -- 2005 1.036 1.038 2,664 Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.112 1.122 -- 2005 1.092 1.112 1,908,893 2004 1.000 1.092 828,053
168 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 1.85% (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 Quality Bond Subaccount (3/02)........... 2006 1.121 1.110 -- 2005 1.124 1.121 368,729 2004 1.108 1.124 426,060 2003 1.055 1.108 631,330 2002 1.000 1.055 157,635 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.056 1.101 -- 2005 1.054 1.056 229,625 2004 0.974 1.054 192,976 2003 0.749 0.974 137,627 2002 1.148 0.749 83,170 2001 1.000 1.148 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.113 1.281 -- 2005 1.027 1.113 8,406 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.109 1.271 -- 2005 1.000 1.109 15,029 Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.075 1.035 -- 2005 1.049 1.075 -- 2004 1.000 1.049 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.319 1.265 177,236 2006 1.158 1.319 230,533 2005 1.133 1.158 455,555 2004 0.983 1.133 360,935 2003 0.766 0.983 472,048 2002 1.000 0.766 182,669 Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.010 1.114 -- 2006 0.963 1.010 -- 2005 0.909 0.963 -- 2004 0.893 0.909 2,000 2003 0.723 0.893 2,000 2002 1.000 0.723 2,000
169 PORTFOLIO ARCHITECT L -- 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) (2/00)................................... 2006 1.372 1.337 -- 2005 1.218 1.372 -- 2004 1.147 1.218 -- 2003 0.948 1.147 -- 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.921 2.163 -- 2006 1.626 1.921 -- 2005 1.454 1.626 -- 2004 1.306 1.454 -- 2003 0.984 1.306 -- 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.752 1.930 7,504 2006 1.620 1.752 7,507 2005 1.422 1.620 7,510 2004 1.289 1.422 -- 2003 0.961 1.289 -- 2002 1.000 0.961 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.601 1.649 -- 2006 1.417 1.601 -- 2005 1.365 1.417 -- 2004 1.261 1.365 -- 2003 0.971 1.261 -- 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.612 1.593 -- 2005 1.391 1.612 -- 2004 1.186 1.391 -- 2003 0.968 1.186 -- 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.789 2.328 -- 2005 1.702 1.789 10,218 2004 1.321 1.702 -- 2003 1.005 1.321 -- 2002 1.000 1.005 --
170 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.390 1.460 22,444 2006 1.217 1.390 23,082 2005 1.189 1.217 19,911 2004 1.154 1.189 -- 2003 0.971 1.154 -- 2002 1.000 0.971 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.454 1.268 -- 2006 1.429 1.454 -- 2005 1.377 1.429 -- 2004 1.261 1.377 -- 2003 0.976 1.261 -- 2002 1.000 0.976 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.299 1.412 -- 2005 1.203 1.299 -- 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) (3/02)............................................. 2007 1.759 2.024 21,679 2006 1.610 1.759 20,986 2005 1.407 1.610 21,375 2004 1.246 1.407 -- 2003 0.991 1.246 -- 2002 1.000 0.991 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.533 1.604 -- 2006 1.373 1.533 -- 2005 1.160 1.373 -- 2004 1.168 1.160 -- 2003 0.953 1.168 -- 2002 1.000 0.953 --
171 PORTFOLIO ARCHITECT L -- 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) (3/02).... 2007 2.086 2.359 11,991 2006 1.892 2.086 11,417 2005 1.635 1.892 12,281 2004 1.337 1.635 -- 2003 0.986 1.337 -- 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.462 1.697 -- 2005 1.348 1.462 24,185 2004 1.220 1.348 -- 2003 0.994 1.220 -- 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.770 3.498 4,524 2006 2.205 2.770 4,694 2005 1.764 2.205 5,475 2004 1.443 1.764 -- 2003 1.000 1.443 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.918 2.171 -- 2006 1.610 1.918 -- 2005 1.490 1.610 -- 2004 1.282 1.490 -- 2003 0.989 1.282 -- 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.537 1.837 -- 2005 1.440 1.537 6,845 2004 1.265 1.440 -- 2003 0.976 1.265 -- 2002 1.000 0.976 -- 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) (3/02)............................................. 2006 1.243 1.283 -- 2005 1.178 1.243 -- 2004 1.109 1.178 -- 2003 0.994 1.109 -- 2002 1.000 0.994 --
172 PORTFOLIO ARCHITECT L -- 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) (3/02)............................ 2007 1.574 1.879 -- 2006 1.510 1.574 -- 2005 1.370 1.510 -- 2004 1.223 1.370 -- 2003 0.988 1.223 -- 2002 1.000 0.988 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.548 1.847 -- 2006 1.464 1.548 -- 2005 1.338 1.464 -- 2004 1.357 1.338 -- 2003 0.944 1.357 -- 2002 1.000 0.944 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.459 1.565 -- 2006 1.261 1.459 -- 2005 1.218 1.261 -- 2004 1.188 1.218 -- 2003 0.980 1.188 -- 2002 1.000 0.980 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.529 1.711 -- 2005 1.500 1.529 6,970 2004 1.331 1.500 -- 2003 1.000 1.331 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.635 1.573 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.509 1.559 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.512 1.555 8,267 2006 1.339 1.512 8,270 2005 1.310 1.339 8,273 2004 1.211 1.310 -- 2003 0.967 1.211 -- 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.705 1.629 --
173 PORTFOLIO ARCHITECT L -- 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 Investors Subaccount (Class I) (1/01)....... 2007 1.632 1.662 -- 2006 1.407 1.632 -- 2005 1.347 1.407 -- 2004 1.244 1.347 -- 2003 0.959 1.244 -- 2002 1.000 0.959 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.475 1.473 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.819 1.962 13,862 2006 1.645 1.819 12,736 2005 1.599 1.645 13,402 2004 1.416 1.599 -- 2003 0.970 1.416 -- 2002 1.000 0.970 -- 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 1.015 1.008 -- 2006 0.994 1.015 -- 2005 0.990 0.994 -- 2004 0.998 0.990 -- 2003 1.000 0.998 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.643 1.722 -- 2006 1.419 1.643 -- 2005 1.390 1.419 -- 2004 1.309 1.390 -- 2003 0.960 1.309 -- 2002 1.000 0.960 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.416 1.473 -- 2006 1.385 1.416 -- 2005 1.342 1.385 -- 2004 1.362 1.342 -- 2003 0.961 1.362 -- 2002 1.000 0.961 --
174 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.638 1.694 -- 2006 1.504 1.638 -- 2005 1.396 1.504 -- 2004 1.304 1.396 -- 2003 0.949 1.304 -- 2002 1.000 0.949 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.470 1.534 -- 2006 1.334 1.470 -- 2005 1.312 1.334 -- 2004 1.235 1.312 -- 2003 0.967 1.235 -- 2002 1.000 0.967 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.595 1.656 -- 2006 1.387 1.595 -- 2005 1.370 1.387 -- 2004 1.240 1.370 -- 2003 1.000 1.240 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.784 1.964 -- 2006 1.620 1.784 -- 2005 1.527 1.620 -- 2004 1.255 1.527 -- 2003 1.000 1.255 -- 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 1.672 1.739 -- 2006 1.761 1.672 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.412 1.423 -- 2006 1.343 1.412 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.618 1.695 -- 2006 1.532 1.618 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.681 1.689 --
175 PORTFOLIO ARCHITECT L -- 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 Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.350 1.311 -- 2006 1.270 1.350 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.942 1.888 15,174 2006 1.767 1.942 16,617 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.630 2.085 -- 2006 1.593 1.630 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.249 1.104 -- 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 1.408 1.475 2,879 2006 1.347 1.408 2,880 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.075 1.096 39,265 2006 1.001 1.075 38,973 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.069 1.055 -- 2006 1.002 1.069 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.432 1.571 -- 2006 1.453 1.432 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.267 1.384 -- 2006 1.279 1.267 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.117 2.219 -- 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 18,559 2006 1.003 1.217 19,883 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.128 1.192 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.562 1.608 -- 2006 1.456 1.562 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.145 1.263 -- 2006 1.091 1.145 --
176 PORTFOLIO ARCHITECT L -- 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 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 37,097 2006 1.003 1.026 11,865 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.524 1.800 5,205 2006 1.565 1.524 5,207 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.102 1.148 -- 2006 1.063 1.102 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.015 1.046 -- 2006 0.995 1.015 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.370 1.396 -- 2006 1.355 1.370 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.462 1.492 -- 2006 1.429 1.462 -- 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 1.367 1.397 2,886 2006 1.282 1.367 2,887 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.049 1.093 12,117 2006 0.996 1.049 12,181 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.141 -- 2006 0.998 1.066 --
177 PORTFOLIO ARCHITECT L -- 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 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 (3/02)..................... 2006 0.987 0.995 -- 2005 0.979 0.987 -- 2004 0.988 0.979 -- 2003 1.000 0.988 -- 2002 1.000 1.000 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.110 1.326 -- 2005 1.070 1.110 -- 2004 1.000 1.070 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.103 1.123 -- 2006 1.116 1.103 -- 2005 1.115 1.116 -- 2004 1.044 1.115 -- 2003 1.000 1.044 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.097 1.170 6,518 2006 1.077 1.097 6,520 2005 1.072 1.077 6,523 2004 1.042 1.072 -- 2003 1.012 1.042 -- 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.969 2.129 -- 2006 1.572 1.969 -- 2005 1.428 1.572 -- 2004 1.253 1.428 -- 2003 0.994 1.253 -- 2002 1.000 0.994 --
178 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.143 2.285 -- 2006 1.863 2.143 11,493 2005 1.774 1.863 11,803 2004 1.433 1.774 -- 2003 0.977 1.433 -- 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.366 1.453 -- 2005 1.281 1.366 -- 2004 1.226 1.281 -- 2003 0.967 1.226 -- 2002 1.000 0.967 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.265 1.347 -- 2005 1.285 1.265 2,881 2004 1.233 1.285 -- 2003 0.996 1.233 -- 2002 1.000 0.996 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.614 1.761 -- 2005 1.464 1.614 -- 2004 1.282 1.464 -- 2003 0.977 1.282 -- 2002 1.000 0.977 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.361 1.429 -- 2005 1.329 1.361 -- 2004 1.233 1.329 -- 2003 0.958 1.233 -- 2002 1.000 0.958 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.311 1.343 -- 2005 1.304 1.311 -- 2004 1.205 1.304 -- 2003 1.003 1.205 -- 2002 1.000 1.003 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.370 1.417 -- 2005 1.327 1.370 -- 2004 1.224 1.327 -- 2003 0.978 1.224 -- 2002 1.000 0.978 --
179 PORTFOLIO ARCHITECT L -- 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 Large Cap Subaccount (6/00).............. 2006 1.316 1.355 -- 2005 1.235 1.316 -- 2004 1.182 1.235 -- 2003 0.967 1.182 -- 2002 1.000 0.967 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.107 1.176 -- 2005 1.000 1.107 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.018 1.021 -- 2005 1.007 1.018 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.052 1.089 -- 2005 1.008 1.052 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.085 1.131 -- 2005 1.000 1.085 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.029 1.048 -- 2005 1.000 1.029 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.444 1.532 -- 2005 1.314 1.444 -- 2004 1.156 1.314 -- 2003 0.973 1.156 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.481 1.565 -- 2005 1.465 1.481 5,209 2004 1.309 1.465 -- 2003 0.974 1.309 -- 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.243 1.282 -- 2005 1.231 1.243 2,888 2004 1.127 1.231 -- 2003 0.986 1.127 -- 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.167 1.260 -- 2005 1.118 1.167 -- 2004 1.000 1.118 --
180 PORTFOLIO ARCHITECT L -- 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 Mondrian International Stock Subaccount (3/02)............................................. 2006 1.540 1.767 -- 2005 1.433 1.540 16,456 2004 1.263 1.433 -- 2003 1.001 1.263 -- 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.373 1.456 -- 2005 1.321 1.373 -- 2004 1.212 1.321 -- 2003 1.000 1.212 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.037 1.091 -- 2005 1.036 1.037 -- 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 (3/02)........... 2006 1.074 1.063 -- 2005 1.078 1.074 -- 2004 1.064 1.078 -- 2003 1.014 1.064 -- 2002 1.000 1.014 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.363 1.421 -- 2005 1.362 1.363 -- 2004 1.260 1.362 -- 2003 0.969 1.260 -- 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.113 1.279 -- 2005 1.027 1.113 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.108 1.270 -- 2005 1.000 1.108 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.073 1.033 -- 2005 1.049 1.073 -- 2004 1.000 1.049 --
181 PORTFOLIO ARCHITECT L -- 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) (3/02)............................................. 2007 1.673 1.602 7,453 2006 1.470 1.673 7,456 2005 1.439 1.470 7,459 2004 1.250 1.439 -- 2003 0.974 1.250 -- 2002 1.000 0.974 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.343 1.481 -- 2006 1.282 1.343 -- 2005 1.212 1.282 -- 2004 1.191 1.212 -- 2003 0.966 1.191 -- 2002 1.000 0.966 --
PORTFOLIO ARCHITECT L -- 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 Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.370 1.334 -- 2005 1.217 1.370 -- 2004 1.146 1.217 -- 2003 0.948 1.146 -- 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.917 2.158 128,532 2006 1.624 1.917 130,979 2005 1.452 1.624 63,624 2004 1.305 1.452 16,089 2003 0.984 1.305 -- 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.748 1.925 348,716 2006 1.618 1.748 347,831 2005 1.420 1.618 258,891 2004 1.288 1.420 59,168 2003 0.961 1.288 2,719 2002 1.000 0.961 --
182 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.598 1.645 301,462 2006 1.415 1.598 316,239 2005 1.364 1.415 229,631 2004 1.261 1.364 71,798 2003 0.971 1.261 16,467 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.610 1.591 -- 2005 1.389 1.610 -- 2004 1.186 1.389 -- 2003 0.968 1.186 -- 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.787 2.323 -- 2005 1.701 1.787 705 2004 1.321 1.701 -- 2003 1.005 1.321 -- 2002 1.000 1.005 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.387 1.456 -- 2006 1.215 1.387 -- 2005 1.187 1.215 -- 2004 1.153 1.187 -- 2003 0.971 1.153 -- 2002 1.000 0.971 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.451 1.265 1,265 2006 1.427 1.451 1,316 2005 1.375 1.427 1,318 2004 1.260 1.375 -- 2003 0.976 1.260 -- 2002 1.000 0.976 -- 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 --
183 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.295 1.442 -- 2005 1.200 1.295 34,696 2004 1.067 1.200 9,982 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.756 2.018 1,175 2006 1.607 1.756 1,223 2005 1.406 1.607 1,225 2004 1.245 1.406 -- 2003 0.991 1.245 -- 2002 1.000 0.991 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.530 1.600 -- 2006 1.371 1.530 -- 2005 1.159 1.371 -- 2004 1.167 1.159 -- 2003 0.953 1.167 -- 2002 1.000 0.953 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.082 2.353 71,332 2006 1.889 2.082 63,186 2005 1.633 1.889 48,261 2004 1.336 1.633 8,965 2003 0.986 1.336 536 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.459 1.693 -- 2005 1.347 1.459 76,699 2004 1.220 1.347 10,810 2003 0.994 1.220 -- 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.765 3.490 31,441 2006 2.202 2.765 32,985 2005 1.763 2.202 19,456 2004 1.442 1.763 1,778 2003 1.000 1.442 --
184 PORTFOLIO ARCHITECT L -- 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 Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.914 2.166 29,682 2006 1.608 1.914 51,421 2005 1.489 1.608 45,342 2004 1.281 1.489 29,054 2003 0.989 1.281 24,859 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.535 1.833 -- 2005 1.438 1.535 17,765 2004 1.265 1.438 1,328 2003 0.976 1.265 -- 2002 1.000 0.976 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.058 1.081 -- 2005 1.066 1.058 18,869 2004 1.000 1.066 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.242 1.281 -- 2005 1.176 1.242 -- 2004 1.108 1.176 -- 2003 0.994 1.108 -- 2002 1.000 0.994 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.571 1.874 -- 2006 1.507 1.571 -- 2005 1.369 1.507 -- 2004 1.223 1.369 -- 2003 0.988 1.223 -- 2002 1.000 0.988 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.545 1.843 -- 2006 1.462 1.545 -- 2005 1.337 1.462 -- 2004 1.356 1.337 -- 2003 0.944 1.356 -- 2002 1.000 0.944 --
185 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.456 1.561 -- 2006 1.259 1.456 -- 2005 1.217 1.259 -- 2004 1.188 1.217 -- 2003 0.980 1.188 -- 2002 1.000 0.980 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.527 1.708 -- 2005 1.498 1.527 9,646 2004 1.330 1.498 2,221 2003 1.000 1.330 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.631 1.569 70,452 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.506 1.555 85,806 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.509 1.551 -- 2006 1.337 1.509 3,145 2005 1.308 1.337 3,148 2004 1.211 1.308 3,152 2003 0.967 1.211 -- 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.701 1.625 29,155 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.628 1.658 1,089 2006 1.405 1.628 1,090 2005 1.345 1.405 1,091 2004 1.243 1.345 -- 2003 0.958 1.243 -- 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.471 1.469 10,561 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.815 1.957 5,193 2006 1.642 1.815 5,333 2005 1.597 1.642 2,886 2004 1.415 1.597 1,205 2003 0.970 1.415 -- 2002 1.000 0.970 --
186 PORTFOLIO ARCHITECT L -- 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 Social Awareness Subaccount (5/04).......... 2007 1.165 1.267 -- 2006 1.104 1.165 -- 2005 1.079 1.104 -- 2004 1.000 1.079 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.013 1.006 -- 2006 0.993 1.013 2,508 2005 0.989 0.993 2,511 2004 0.998 0.989 2,514 2003 1.000 0.998 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.640 1.718 -- 2006 1.417 1.640 -- 2005 1.389 1.417 -- 2004 1.308 1.389 -- 2003 0.960 1.308 -- 2002 1.000 0.960 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.413 1.470 -- 2006 1.383 1.413 -- 2005 1.341 1.383 -- 2004 1.361 1.341 -- 2003 0.961 1.361 -- 2002 1.000 0.961 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.635 1.691 -- 2006 1.502 1.635 -- 2005 1.394 1.502 -- 2004 1.304 1.394 -- 2003 0.949 1.304 -- 2002 1.000 0.949 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.467 1.531 -- 2006 1.332 1.467 -- 2005 1.311 1.332 -- 2004 1.234 1.311 -- 2003 0.967 1.234 -- 2002 1.000 0.967 --
187 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- 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 4,946 2005 1.369 1.385 4,107 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 40,715 2005 1.525 1.618 35,837 2004 1.255 1.525 6,621 2003 1.000 1.255 574 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.093 1.126 -- 2005 1.074 1.093 -- 2004 1.000 1.074 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.669 1.735 -- 2006 1.758 1.669 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.410 1.420 15,859 2006 1.341 1.410 1,394 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.615 1.691 -- 2006 1.529 1.615 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.677 1.685 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.349 1.310 3,355 2006 1.269 1.349 3,355 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.938 1.884 8,331 2006 1.764 1.938 8,333 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.626 2.080 10,814 2006 1.591 1.626 3,406 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.247 1.102 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.187 1.237 -- 2006 1.126 1.187 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.405 1.471 -- 2006 1.344 1.405 --
188 PORTFOLIO ARCHITECT L -- 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 Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.075 1.095 2,929 2006 1.001 1.075 3,047 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.069 1.054 83,094 2006 1.002 1.069 8,374 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.429 1.567 -- 2006 1.450 1.429 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.266 1.382 -- 2006 1.279 1.266 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.113 2.213 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.387 1.464 34,725 2006 1.259 1.387 29,407 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.217 1.016 1,348 2006 1.003 1.217 6,509 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.126 1.189 138,068 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.559 1.604 -- 2006 1.453 1.559 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.144 1.262 -- 2006 1.090 1.144 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.156 1.208 96,041 2006 1.119 1.156 100,478 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.026 0.975 107,539 2006 1.003 1.026 66,574 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.521 1.795 3,033 2006 1.562 1.521 10,409 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.100 1.146 17,604 2006 1.061 1.100 18,196 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.013 1.043 -- 2006 0.993 1.013 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.367 1.393 3,521 2006 1.352 1.367 3,521
189 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.459 1.489 933 2006 1.426 1.459 935 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.057 1.070 27,688 2006 1.002 1.057 27,716 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.040 1.076 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.046 1.075 -- 2006 1.002 1.046 -- 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 1.075 241,056 2006 1.002 1.057 220,196 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.365 1.393 72,417 2006 1.280 1.365 77,028 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.048 1.092 104,397 2006 0.996 1.048 84,318 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.140 -- 2006 0.998 1.066 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.145 1.187 -- 2006 1.081 1.145 18,491 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.065 1.091 -- 2006 1.032 1.065 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.986 0.993 -- 2005 0.978 0.986 -- 2004 0.987 0.978 -- 2003 1.000 0.987 -- 2002 1.000 1.000 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.109 1.325 -- 2005 1.070 1.109 -- 2004 1.000 1.070 --
190 PORTFOLIO ARCHITECT L -- 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 1.101 1.121 -- 2006 1.115 1.101 116,978 2005 1.114 1.115 151,970 2004 1.044 1.114 61,268 2003 1.000 1.044 29,542 PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.095 1.167 203,440 2006 1.076 1.095 177,810 2005 1.071 1.076 174,968 2004 1.042 1.071 31,435 2003 1.012 1.042 14,239 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.965 2.124 -- 2006 1.569 1.965 -- 2005 1.427 1.569 -- 2004 1.253 1.427 -- 2003 0.994 1.253 -- 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.138 2.280 -- 2006 1.860 2.138 16,952 2005 1.773 1.860 14,298 2004 1.433 1.773 -- 2003 0.977 1.433 -- 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.364 1.450 -- 2005 1.279 1.364 -- 2004 1.226 1.279 -- 2003 0.967 1.226 -- 2002 1.000 0.967 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.263 1.344 -- 2005 1.284 1.263 -- 2004 1.232 1.284 -- 2003 0.996 1.232 -- 2002 1.000 0.996 --
191 PORTFOLIO ARCHITECT L -- 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 Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.611 1.758 -- 2005 1.462 1.611 -- 2004 1.281 1.462 -- 2003 0.977 1.281 -- 2002 1.000 0.977 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.359 1.426 -- 2005 1.327 1.359 938 2004 1.232 1.327 -- 2003 0.958 1.232 -- 2002 1.000 0.958 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.309 1.341 -- 2005 1.303 1.309 1,397 2004 1.204 1.303 -- 2003 1.003 1.204 -- 2002 1.000 1.003 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.368 1.415 -- 2005 1.325 1.368 -- 2004 1.223 1.325 -- 2003 0.978 1.223 -- 2002 1.000 0.978 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.314 1.352 -- 2005 1.233 1.314 3,521 2004 1.181 1.233 3,521 2003 0.967 1.181 616 2002 1.000 0.967 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.107 1.175 -- 2005 1.000 1.107 23,645 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.018 1.021 -- 2005 1.007 1.018 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.052 1.088 -- 2005 1.008 1.052 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.085 1.130 -- 2005 1.000 1.085 11,903
192 PORTFOLIO ARCHITECT L -- 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: Moderate- Conservative Subaccount (6/05)..................... 2006 1.029 1.048 -- 2005 1.000 1.029 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.442 1.529 -- 2005 1.313 1.442 -- 2004 1.156 1.313 -- 2003 0.973 1.156 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.478 1.562 -- 2005 1.463 1.478 3,169 2004 1.308 1.463 -- 2003 0.974 1.308 -- 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.242 1.280 -- 2005 1.230 1.242 54,528 2004 1.126 1.230 3,680 2003 0.986 1.126 635 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.166 1.259 -- 2005 1.118 1.166 27,311 2004 1.000 1.118 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.537 1.764 -- 2005 1.432 1.537 8,336 2004 1.262 1.432 -- 2003 1.001 1.262 -- 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.372 1.453 -- 2005 1.320 1.372 -- 2004 1.212 1.320 -- 2003 1.000 1.212 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.037 1.090 -- 2005 1.036 1.037 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.109 1.119 -- 2005 1.091 1.109 93,381 2004 1.000 1.091 34,210
193 PORTFOLIO ARCHITECT L -- 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 Quality Bond Subaccount (3/02)........... 2006 1.073 1.061 -- 2005 1.077 1.073 18,568 2004 1.063 1.077 -- 2003 1.014 1.063 -- 2002 1.000 1.014 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.361 1.418 -- 2005 1.361 1.361 -- 2004 1.260 1.361 -- 2003 0.969 1.260 -- 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.279 -- 2005 1.027 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.108 1.269 -- 2005 1.000 1.108 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.072 1.032 -- 2005 1.048 1.072 -- 2004 1.000 1.048 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.669 1.598 -- 2006 1.467 1.669 -- 2005 1.438 1.467 -- 2004 1.249 1.438 -- 2003 0.974 1.249 -- 2002 1.000 0.974 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.340 1.477 -- 2006 1.280 1.340 -- 2005 1.211 1.280 -- 2004 1.190 1.211 -- 2003 0.966 1.190 -- 2002 1.000 0.966 --
194 PORTFOLIO ARCHITECT L -- 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 Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.156 1.126 -- 2005 1.028 1.156 2,023 2004 0.968 1.028 -- 2003 0.801 0.968 -- 2002 1.182 0.801 -- 2001 1.000 1.182 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.929 2.171 105,489 2006 1.635 1.929 108,164 2005 1.463 1.635 92,526 2004 1.316 1.463 45,727 2003 0.993 1.316 -- 2002 1.187 0.993 -- 2001 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.663 1.830 329,048 2006 1.540 1.663 354,787 2005 1.353 1.540 339,051 2004 1.227 1.353 224,757 2003 0.916 1.227 13,689 2002 1.237 0.916 -- 2001 1.000 1.237 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.501 1.544 175,280 2006 1.330 1.501 210,901 2005 1.282 1.330 210,374 2004 1.186 1.282 141,724 2003 0.914 1.186 88,389 2002 1.143 0.914 -- 2001 1.000 1.143 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.287 1.272 -- 2005 1.111 1.287 -- 2004 0.949 1.111 -- 2003 0.775 0.949 -- 2002 1.000 0.775 --
195 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.690 2.196 -- 2005 1.609 1.690 -- 2004 1.250 1.609 -- 2003 0.952 1.250 -- 2002 1.000 0.952 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.138 1.194 -- 2006 0.997 1.138 -- 2005 0.975 0.997 -- 2004 0.948 0.975 -- 2003 0.798 0.948 -- 2002 1.000 0.798 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.114 0.970 -- 2006 1.096 1.114 -- 2005 1.057 1.096 -- 2004 0.969 1.057 -- 2003 0.751 0.969 -- 2002 1.000 0.751 -- 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 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.294 1.440 -- 2005 1.199 1.294 6,383 2004 1.067 1.199 1,538 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.530 1.758 -- 2006 1.402 1.530 -- 2005 1.226 1.402 -- 2004 1.087 1.226 -- 2003 0.865 1.087 -- 2002 1.000 0.865 --
196 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.380 1.443 -- 2006 1.238 1.380 -- 2005 1.047 1.238 -- 2004 1.055 1.047 -- 2003 0.862 1.055 -- 2002 1.000 0.862 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.796 2.030 56,119 2006 1.631 1.796 67,576 2005 1.411 1.631 89,979 2004 1.155 1.411 46,989 2003 0.853 1.155 -- 2002 1.000 0.853 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.233 1.430 -- 2005 1.138 1.233 113,725 2004 1.031 1.138 62,851 2003 0.841 1.031 -- 2002 1.000 0.841 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.760 3.482 44,429 2006 2.199 2.760 33,315 2005 1.761 2.199 34,370 2004 1.442 1.761 27,878 2003 1.000 1.442 4,181 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.747 1.976 101,188 2006 1.469 1.747 110,754 2005 1.361 1.469 98,761 2004 1.172 1.361 66,369 2003 0.904 1.172 10,166 2002 1.134 0.904 -- 2001 1.000 1.134 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.237 1.477 -- 2005 1.160 1.237 5,511 2004 1.020 1.160 1,140 2003 0.788 1.020 -- 2002 1.000 0.788 --
197 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.057 1.080 -- 2005 1.065 1.057 -- 2004 1.000 1.065 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.135 1.171 -- 2005 1.076 1.135 -- 2004 1.015 1.076 -- 2003 0.911 1.015 -- 2002 1.000 0.911 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.163 1.387 -- 2006 1.117 1.163 -- 2005 1.015 1.117 -- 2004 0.907 1.015 -- 2003 0.733 0.907 -- 2002 1.000 0.733 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.017 1.212 -- 2006 0.962 1.017 -- 2005 0.880 0.962 -- 2004 0.894 0.880 -- 2003 0.623 0.894 -- 2002 1.000 0.623 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.095 1.173 -- 2006 0.947 1.095 -- 2005 0.916 0.947 -- 2004 0.894 0.916 -- 2003 0.738 0.894 -- 2002 1.000 0.738 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.525 1.705 -- 2005 1.497 1.525 11,493 2004 1.330 1.497 11,540 2003 1.000 1.330 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.370 1.317 118,365 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.412 1.458 116,226
198 PORTFOLIO ARCHITECT L -- 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 Equity Index Subaccount (Class II) (6/00)... 2007 1.351 1.388 31,908 2006 1.198 1.351 31,907 2005 1.173 1.198 32,169 2004 1.086 1.173 24,381 2003 0.867 1.086 -- 2002 1.141 0.867 -- 2001 1.000 1.141 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.588 1.517 157,474 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.448 1.474 16,776 2006 1.250 1.448 17,601 2005 1.197 1.250 18,740 2004 1.107 1.197 9,435 2003 0.854 1.107 -- 2002 1.133 0.854 -- 2001 1.000 1.133 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.351 1.348 108,207 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.499 1.616 52,254 2006 1.357 1.499 46,016 2005 1.320 1.357 57,267 2004 1.171 1.320 56,224 2003 0.802 1.171 -- 2002 1.255 0.802 -- 2001 1.000 1.255 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.164 1.264 -- 2006 1.103 1.164 -- 2005 1.078 1.103 -- 2004 1.000 1.078 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.011 1.004 25,090 2006 0.991 1.011 26,480 2005 0.989 0.991 30,100 2004 0.997 0.989 -- 2003 1.000 0.997 --
199 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.411 1.478 -- 2006 1.219 1.411 62,630 2005 1.196 1.219 30,618 2004 1.127 1.196 9,549 2003 0.827 1.127 -- 2002 1.127 0.827 -- 2001 1.000 1.127 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.169 1.216 -- 2006 1.145 1.169 -- 2005 1.111 1.145 -- 2004 1.128 1.111 -- 2003 0.797 1.128 -- 2002 1.000 0.797 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.297 1.341 -- 2006 1.192 1.297 -- 2005 1.107 1.192 -- 2004 1.035 1.107 -- 2003 0.754 1.035 -- 2002 1.000 0.754 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.206 1.258 -- 2006 1.095 1.206 -- 2005 1.079 1.095 -- 2004 1.016 1.079 -- 2003 0.797 1.016 -- 2002 1.000 0.797 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.589 1.649 -- 2006 1.383 1.589 70,166 2005 1.368 1.383 70,546 2004 1.239 1.368 69,261 2003 1.000 1.239 71,566 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.777 1.956 -- 2006 1.616 1.777 76,489 2005 1.524 1.616 78,565 2004 1.254 1.524 66,625 2003 1.000 1.254 13,602
200 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.092 1.125 -- 2005 1.073 1.092 -- 2004 1.000 1.073 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.350 1.403 -- 2006 1.423 1.350 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.388 1.397 4,806 2006 1.321 1.388 4,587 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.398 1.463 -- 2006 1.324 1.398 39,338 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.451 1.458 38,098 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.348 1.308 3,728 2006 1.269 1.348 2,871 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.626 1.579 40,346 2006 1.480 1.626 52,338 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.300 1.661 7,350 2006 1.272 1.300 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.246 1.101 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.186 1.235 -- 2006 1.125 1.186 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.316 1.378 -- 2006 1.260 1.316 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.074 1.094 12,108 2006 1.001 1.074 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.069 1.053 114,032 2006 1.002 1.069 5,423 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.326 1.454 -- 2006 1.346 1.326 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.265 1.380 1,792 2006 1.278 1.265 --
201 PORTFOLIO ARCHITECT L -- 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 MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.945 2.036 5,933 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.385 1.461 64,234 2006 1.257 1.385 22,768 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.015 3,052 2006 1.003 1.216 3,163 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 390,261 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.556 1.600 28,847 2006 1.451 1.556 31,894 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.143 1.260 -- 2006 1.090 1.143 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.154 1.206 70,322 2006 1.117 1.154 52,405 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.026 0.974 88,577 2006 1.003 1.026 39,878 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 0.854 1.007 10,218 2006 0.877 0.854 11,223 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.140 1.187 -- 2006 1.101 1.140 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.006 1.035 43,330 2006 0.987 1.006 7,633 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.214 1.236 -- 2006 1.201 1.214 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.447 1.475 87,423 2006 1.415 1.447 74,282 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.057 1.069 -- 2006 1.002 1.057 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.040 1.075 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.046 1.074 -- 2006 1.002 1.046 --
202 PORTFOLIO ARCHITECT L -- 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 MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.075 15,481 2006 1.002 1.051 15,509 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 1.385 1.413 138,356 2006 1.299 1.385 145,862 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.048 1.091 6,094 2006 0.996 1.048 6,723 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.139 2,316 2006 0.998 1.066 2,322 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.143 1.185 -- 2006 1.080 1.143 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.064 1.089 -- 2006 1.031 1.064 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.980 0.987 -- 2005 0.972 0.980 -- 2004 0.982 0.972 -- 2003 0.995 0.982 -- 2002 1.000 0.995 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.108 1.323 -- 2005 1.069 1.108 -- 2004 1.000 1.069 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.119 -- 2006 1.113 1.099 384,032 2005 1.113 1.113 288,960 2004 1.043 1.113 171,050 2003 1.000 1.043 78,471
203 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.156 1.232 441,098 2006 1.137 1.156 390,243 2005 1.132 1.137 388,412 2004 1.102 1.132 164,259 2003 1.071 1.102 -- 2002 1.002 1.071 -- 2001 1.000 1.002 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.809 1.955 -- 2006 1.445 1.809 -- 2005 1.315 1.445 -- 2004 1.155 1.315 -- 2003 0.917 1.155 -- 2002 1.137 0.917 -- 2001 1.000 1.137 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.135 2.276 -- 2006 1.858 2.135 31,363 2005 1.771 1.858 34,614 2004 1.433 1.771 15,588 2003 0.977 1.433 -- 2002 1.220 0.977 -- 2001 1.000 1.220 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.266 1.346 -- 2005 1.189 1.266 -- 2004 1.139 1.189 -- 2003 0.899 1.139 -- 2002 1.206 0.899 -- 2001 1.000 1.206 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.184 1.260 -- 2005 1.204 1.184 -- 2004 1.156 1.204 -- 2003 0.935 1.156 -- 2002 1.000 0.935 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.304 1.423 -- 2005 1.184 1.304 -- 2004 1.038 1.184 -- 2003 0.792 1.038 -- 2002 1.000 0.792 --
204 PORTFOLIO ARCHITECT L -- 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 Equity Income Subaccount (10/00)......... 2006 1.348 1.415 -- 2005 1.317 1.348 74,242 2004 1.224 1.317 52,584 2003 0.952 1.224 35,771 2002 1.129 0.952 -- 2001 1.000 1.129 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.290 1.321 -- 2005 1.284 1.290 4,553 2004 1.187 1.284 4,376 2003 0.990 1.187 -- 2002 1.000 0.990 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.091 1.128 -- 2005 1.058 1.091 -- 2004 0.977 1.058 -- 2003 0.781 0.977 -- 2002 1.000 0.781 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.167 1.201 -- 2005 1.096 1.167 -- 2004 1.050 1.096 -- 2003 0.860 1.050 -- 2002 1.137 0.860 -- 2001 1.000 1.137 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.107 1.175 -- 2005 1.000 1.107 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.018 1.020 -- 2005 1.007 1.018 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.052 1.088 -- 2005 1.008 1.052 14,308 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.085 1.130 -- 2005 1.000 1.085 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.029 1.047 -- 2005 1.000 1.029 --
205 PORTFOLIO ARCHITECT L -- 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 Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.249 1.324 -- 2005 1.137 1.249 39,338 2004 1.002 1.137 33,831 2003 0.844 1.002 -- 2002 1.151 0.844 -- 2001 1.000 1.151 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 0.830 0.877 -- 2005 0.822 0.830 10,540 2004 0.736 0.822 10,388 2003 0.548 0.736 -- 2002 1.000 0.548 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.261 1.299 -- 2005 1.250 1.261 80,510 2004 1.144 1.250 46,257 2003 1.002 1.144 74,835 2002 1.080 1.002 -- 2001 1.000 1.080 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.165 1.257 -- 2005 1.117 1.165 19,960 2004 1.000 1.117 8,567 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.290 1.480 -- 2005 1.202 1.290 47,848 2004 1.060 1.202 30,586 2003 0.842 1.060 -- 2002 1.000 0.842 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.370 1.451 -- 2005 1.319 1.370 2,908 2004 1.212 1.319 1,735 2003 1.000 1.212 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.037 1.090 -- 2005 1.036 1.037 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.108 1.117 -- 2005 1.091 1.108 52,692 2004 1.000 1.091 30,316
206 PORTFOLIO ARCHITECT L -- 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 Quality Bond Subaccount (3/02)........... 2006 1.113 1.101 -- 2005 1.118 1.113 -- 2004 1.104 1.118 -- 2003 1.054 1.104 -- 2002 1.000 1.054 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.047 1.091 -- 2005 1.047 1.047 -- 2004 0.970 1.047 -- 2003 0.747 0.970 -- 2002 1.148 0.747 -- 2001 1.000 1.148 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.027 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.108 1.269 -- 2005 1.000 1.108 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.071 1.031 -- 2005 1.048 1.071 -- 2004 1.000 1.048 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.307 1.250 -- 2006 1.149 1.307 -- 2005 1.127 1.149 -- 2004 0.979 1.127 -- 2003 0.764 0.979 -- 2002 1.000 0.764 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.000 1.102 -- 2006 0.956 1.000 -- 2005 0.904 0.956 -- 2004 0.889 0.904 -- 2003 0.722 0.889 -- 2002 1.000 0.722 --
207 PORTFOLIO ARCHITECT L -- 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) (2/00)................................... 2006 1.304 1.269 -- 2005 1.159 1.304 -- 2004 1.093 1.159 -- 2003 1.000 1.093 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.738 1.955 107,867 2006 1.474 1.738 103,905 2005 1.319 1.474 33,810 2004 1.187 1.319 20,425 2003 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.554 1.710 995,077 2006 1.440 1.554 1,002,424 2005 1.266 1.440 495,689 2004 1.149 1.266 102,273 2003 1.000 1.149 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.449 1.490 501,164 2006 1.284 1.449 507,931 2005 1.239 1.284 278,103 2004 1.147 1.239 107,765 2003 1.000 1.147 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.551 1.532 -- 2005 1.340 1.551 159 2004 1.145 1.340 -- 2003 1.000 1.145 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.543 2.004 -- 2005 1.470 1.543 1,987 2004 1.143 1.470 -- 2003 1.000 1.143 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.334 1.399 -- 2006 1.169 1.334 -- 2005 1.144 1.169 -- 2004 1.112 1.144 -- 2003 1.000 1.112 --
208 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.318 1.148 -- 2006 1.297 1.318 -- 2005 1.252 1.297 -- 2004 1.148 1.252 -- 2003 1.000 1.148 -- 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 2,632 2004 1.074 1.201 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.293 1.439 -- 2005 1.199 1.293 118,685 2004 1.067 1.199 -- 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.603 1.842 -- 2006 1.469 1.603 -- 2005 1.286 1.469 -- 2004 1.141 1.286 -- 2003 1.000 1.141 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.444 1.509 -- 2006 1.295 1.444 -- 2005 1.096 1.295 -- 2004 1.105 1.096 -- 2003 1.000 1.105 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.860 2.101 95,258 2006 1.690 1.860 92,430 2005 1.462 1.690 45,068 2004 1.198 1.462 -- 2003 1.000 1.198 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.334 1.547 -- 2005 1.232 1.334 156,547 2004 1.117 1.232 32,618 2003 1.000 1.117 --
209 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.414 3.044 84,703 2006 1.924 2.414 97,572 2005 1.542 1.924 26,812 2004 1.263 1.542 -- 2003 1.000 1.263 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.750 1.979 285,613 2006 1.472 1.750 265,061 2005 1.364 1.472 111,621 2004 1.175 1.364 10,115 2003 1.000 1.175 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.406 1.678 -- 2005 1.319 1.406 121,975 2004 1.161 1.319 -- 2003 1.000 1.161 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.057 1.078 -- 2005 1.065 1.057 -- 2004 1.000 1.065 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.204 1.241 -- 2005 1.142 1.204 -- 2004 1.077 1.142 -- 2003 1.000 1.077 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.431 1.705 -- 2006 1.374 1.431 -- 2005 1.249 1.374 -- 2004 1.117 1.249 -- 2003 1.000 1.117 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.362 1.623 -- 2006 1.290 1.362 -- 2005 1.181 1.290 -- 2004 1.199 1.181 -- 2003 1.000 1.199 --
210 PORTFOLIO ARCHITECT L -- 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 Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.395 1.494 -- 2006 1.208 1.395 -- 2005 1.168 1.208 -- 2004 1.141 1.168 -- 2003 1.000 1.141 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.344 1.502 -- 2005 1.320 1.344 44,697 2004 1.173 1.320 4,856 2003 1.000 1.173 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.473 1.415 168,617 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.409 1.453 98,044 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.403 1.442 58,147 2006 1.245 1.403 58,180 2005 1.219 1.245 56,720 2004 1.130 1.219 54,008 2003 1.000 1.130 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.510 1.441 159,339 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.498 1.523 10,724 2006 1.293 1.498 10,724 2005 1.240 1.293 5,937 2004 1.147 1.240 -- 2003 1.000 1.147 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.252 1.250 35,753 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.581 1.703 5,318 2006 1.432 1.581 -- 2005 1.394 1.432 -- 2004 1.236 1.394 -- 2003 1.000 1.236 -- 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 --
211 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.010 1.002 18,480 2006 0.990 1.010 17,256 2005 0.988 0.990 12,201 2004 0.997 0.988 -- 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.462 1.532 -- 2006 1.264 1.462 -- 2005 1.241 1.264 -- 2004 1.170 1.241 -- 2003 1.000 1.170 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.203 1.251 -- 2006 1.179 1.203 -- 2005 1.144 1.179 -- 2004 1.162 1.144 -- 2003 1.000 1.162 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.432 1.480 -- 2006 1.316 1.432 -- 2005 1.223 1.316 -- 2004 1.145 1.223 -- 2003 1.000 1.145 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.334 1.391 -- 2006 1.212 1.334 -- 2005 1.194 1.212 -- 2004 1.125 1.194 -- 2003 1.000 1.125 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.461 1.515 -- 2006 1.272 1.461 19,912 2005 1.258 1.272 5,316 2004 1.140 1.258 -- 2003 1.000 1.140 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.635 1.799 -- 2006 1.488 1.635 118,005 2005 1.404 1.488 87,302 2004 1.156 1.404 16,199 2003 1.000 1.156 --
212 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.091 1.124 -- 2005 1.073 1.091 -- 2004 1.000 1.073 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.523 1.581 -- 2006 1.604 1.523 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.273 1.281 -- 2006 1.212 1.273 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.518 1.589 -- 2006 1.438 1.518 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.576 1.582 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.347 1.306 -- 2006 1.268 1.347 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.774 1.722 63,564 2006 1.615 1.774 64,360 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.565 2.000 891 2006 1.532 1.565 1,019 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.245 1.100 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.184 1.233 -- 2006 1.124 1.184 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.254 1.312 -- 2006 1.201 1.254 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.074 1.093 -- 2006 1.001 1.074 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.068 1.052 179,238 2006 1.002 1.068 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.321 1.448 -- 2006 1.342 1.321 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.264 1.379 -- 2006 1.278 1.264 --
213 PORTFOLIO ARCHITECT L -- 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 MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.984 2.077 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.384 1.458 110,498 2006 1.256 1.384 113,435 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.014 37,851 2006 1.003 1.216 34,117 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 273,723 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.445 1.485 -- 2006 1.348 1.445 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.142 1.259 -- 2006 1.089 1.142 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.153 1.203 475,119 2006 1.116 1.153 468,443 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.974 244,083 2006 1.003 1.025 249,125 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.312 1.546 6,145 2006 1.348 1.312 7,142 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.056 1.099 -- 2006 1.020 1.056 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.017 1.046 -- 2006 0.998 1.017 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.296 1.319 7,232 2006 1.283 1.296 7,020 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.337 1.362 37,443 2006 1.308 1.337 45,657 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 --
214 PORTFOLIO ARCHITECT L -- 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 MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.074 -- 2006 1.002 1.051 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.056 1.074 65,004 2006 1.002 1.056 64,097 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.303 1.329 270,997 2006 1.223 1.303 266,015 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.047 1.090 479,806 2006 0.996 1.047 492,976 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.065 1.138 -- 2006 0.998 1.065 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.142 1.184 -- 2006 1.078 1.142 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.062 1.087 -- 2006 1.030 1.062 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.991 0.998 -- 2005 0.984 0.991 -- 2004 0.994 0.984 -- 2003 1.000 0.994 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.107 1.321 -- 2005 1.069 1.107 -- 2004 1.000 1.069 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.120 -- 2006 1.115 1.099 274,083 2005 1.115 1.115 185,851 2004 1.046 1.115 10,245 2003 1.000 1.046 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.073 1.143 593,740 2006 1.056 1.073 592,484 2005 1.052 1.056 470,959 2004 1.024 1.052 4,979 2003 1.000 1.024 --
215 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.845 1.995 -- 2006 1.475 1.845 -- 2005 1.343 1.475 -- 2004 1.180 1.343 -- 2003 1.000 1.180 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.839 1.961 -- 2006 1.601 1.839 -- 2005 1.528 1.601 -- 2004 1.236 1.528 -- 2003 1.000 1.236 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.262 1.342 -- 2005 1.185 1.262 -- 2004 1.136 1.185 -- 2003 1.000 1.136 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.128 1.201 -- 2005 1.148 1.128 -- 2004 1.103 1.148 -- 2003 1.000 1.103 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.471 1.604 -- 2005 1.336 1.471 -- 2004 1.172 1.336 -- 2003 1.000 1.172 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.246 1.308 -- 2005 1.218 1.246 45,518 2004 1.132 1.218 -- 2003 1.000 1.132 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.184 1.212 -- 2005 1.179 1.184 -- 2004 1.091 1.179 -- 2003 1.000 1.091 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.280 1.323 -- 2005 1.241 1.280 -- 2004 1.146 1.241 -- 2003 1.000 1.146 --
216 PORTFOLIO ARCHITECT L -- 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 Large Cap Subaccount (6/00).............. 2006 1.247 1.283 -- 2005 1.172 1.247 1,666 2004 1.123 1.172 -- 2003 1.000 1.123 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.106 1.174 -- 2005 1.000 1.106 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.020 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.051 1.087 -- 2005 1.008 1.051 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.084 1.129 -- 2005 1.000 1.084 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.047 -- 2005 1.000 1.028 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.357 1.438 -- 2005 1.236 1.357 -- 2004 1.090 1.236 -- 2003 1.000 1.090 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.276 1.348 -- 2005 1.264 1.276 6,041 2004 1.132 1.264 -- 2003 1.000 1.132 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.187 1.223 -- 2005 1.177 1.187 96,384 2004 1.078 1.177 9,432 2003 1.000 1.078 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.164 1.256 -- 2005 1.117 1.164 125,223 2004 1.000 1.117 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.408 1.615 -- 2005 1.313 1.408 3,713 2004 1.158 1.313 -- 2003 1.000 1.158 --
217 PORTFOLIO ARCHITECT L -- 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 Pioneer Fund Subaccount (5/03)........... 2006 1.273 1.348 -- 2005 1.226 1.273 -- 2004 1.127 1.226 -- 2003 1.000 1.127 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.089 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.107 1.116 -- 2005 1.091 1.107 119,462 2004 1.000 1.091 -- Travelers Quality Bond Subaccount (3/02)........... 2006 1.031 1.020 -- 2005 1.036 1.031 -- 2004 1.024 1.036 -- 2003 1.000 1.024 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.204 1.254 -- 2005 1.205 1.204 -- 2004 1.116 1.205 -- 2003 1.000 1.116 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.026 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.107 1.268 -- 2005 1.000 1.107 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.070 1.030 -- 2005 1.047 1.070 -- 2004 1.000 1.047 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.513 1.447 -- 2006 1.332 1.513 -- 2005 1.306 1.332 -- 2004 1.136 1.306 -- 2003 1.000 1.136 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.271 1.400 -- 2006 1.216 1.271 -- 2005 1.151 1.216 -- 2004 1.133 1.151 -- 2003 1.000 1.133 --
218 PORTFOLIO ARCHITECT L -- 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) (2/00)................................... 2006 1.364 1.326 -- 2005 1.213 1.364 99,481 2004 1.144 1.213 91,022 2003 0.948 1.144 -- 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.905 2.142 565,690 2006 1.616 1.905 619,602 2005 1.448 1.616 642,170 2004 1.303 1.448 440,414 2003 0.984 1.303 55,238 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.737 1.910 1,271,093 2006 1.611 1.737 1,518,046 2005 1.416 1.611 1,532,708 2004 1.286 1.416 1,059,551 2003 0.960 1.286 99,932 2002 1.000 0.960 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.588 1.633 1,290,225 2006 1.409 1.588 1,370,373 2005 1.360 1.409 1,424,925 2004 1.259 1.360 945,214 2003 0.971 1.259 66,778 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.602 1.583 -- 2005 1.385 1.602 106,587 2004 1.184 1.385 33,175 2003 0.968 1.184 -- 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.779 2.309 -- 2005 1.696 1.779 297,881 2004 1.319 1.696 259,924 2003 1.005 1.319 37,864 2002 1.000 1.005 --
219 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.379 1.446 47,153 2006 1.209 1.379 44,533 2005 1.184 1.209 42,039 2004 1.151 1.184 17,366 2003 0.971 1.151 -- 2002 1.000 0.971 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.442 1.255 63,126 2006 1.420 1.442 64,332 2005 1.371 1.420 64,073 2004 1.258 1.371 28,245 2003 0.976 1.258 3,319 2002 1.000 0.976 -- 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 88,966 2004 1.073 1.200 73,133 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.291 1.437 -- 2005 1.198 1.291 257,968 2004 1.067 1.198 139,483 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.745 2.003 311,549 2006 1.600 1.745 334,732 2005 1.401 1.600 290,329 2004 1.243 1.401 141,891 2003 0.991 1.243 -- 2002 1.000 0.991 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.520 1.588 19,909 2006 1.365 1.520 19,995 2005 1.155 1.365 19,851 2004 1.166 1.155 20,400 2003 0.953 1.166 -- 2002 1.000 0.953 --
220 PORTFOLIO ARCHITECT L -- 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 Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.069 2.335 381,259 2006 1.881 2.069 425,112 2005 1.628 1.881 434,766 2004 1.334 1.628 257,511 2003 0.986 1.334 -- 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.453 1.683 -- 2005 1.342 1.453 273,728 2004 1.218 1.342 164,481 2003 0.994 1.218 6,136 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.750 3.466 175,946 2006 2.193 2.750 205,415 2005 1.759 2.193 191,267 2004 1.441 1.759 141,585 2003 1.000 1.441 54,560 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.903 2.150 146,105 2006 1.601 1.903 151,425 2005 1.484 1.601 126,678 2004 1.279 1.484 93,506 2003 0.989 1.279 -- 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.528 1.822 -- 2005 1.434 1.528 377,836 2004 1.263 1.434 331,135 2003 0.976 1.263 124,930 2002 1.000 0.976 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.056 1.077 -- 2005 1.065 1.056 162,457 2004 1.000 1.065 45,170 Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.236 1.274 -- 2005 1.173 1.236 2,435 2004 1.106 1.173 2,441 2003 0.994 1.106 2,442 2002 1.000 0.994 --
221 PORTFOLIO ARCHITECT L -- 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 Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.562 1.860 -- 2006 1.500 1.562 -- 2005 1.365 1.500 -- 2004 1.221 1.365 -- 2003 0.988 1.221 -- 2002 1.000 0.988 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.536 1.829 23,293 2006 1.455 1.536 44,875 2005 1.332 1.455 46,971 2004 1.354 1.332 42,662 2003 0.944 1.354 29,485 2002 1.000 0.944 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.447 1.549 -- 2006 1.254 1.447 -- 2005 1.213 1.254 -- 2004 1.186 1.213 -- 2003 0.980 1.186 -- 2002 1.000 0.980 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.521 1.699 -- 2005 1.495 1.521 145,348 2004 1.329 1.495 113,336 2003 1.000 1.329 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.621 1.557 216,921 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.496 1.543 8,501 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.499 1.540 301,226 2006 1.331 1.499 385,878 2005 1.304 1.331 418,030 2004 1.209 1.304 393,773 2003 0.967 1.209 143,964 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.690 1.613 248,669
222 PORTFOLIO ARCHITECT L -- 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) (1/01)....... 2007 1.619 1.646 123,996 2006 1.398 1.619 136,721 2005 1.341 1.398 151,318 2004 1.241 1.341 70,944 2003 0.958 1.241 -- 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.462 1.458 53,124 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.804 1.943 140,668 2006 1.635 1.804 151,908 2005 1.592 1.635 145,079 2004 1.413 1.592 156,147 2003 0.970 1.413 9,472 2002 1.000 0.970 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.161 1.260 2,933 2006 1.101 1.161 5,104 2005 1.078 1.101 -- 2004 1.000 1.078 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.008 1.000 116,503 2006 0.989 1.008 147,437 2005 0.987 0.989 154,164 2004 0.997 0.987 96,297 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.630 1.707 -- 2006 1.410 1.630 257,057 2005 1.385 1.410 260,182 2004 1.306 1.385 267,262 2003 0.960 1.306 59,804 2002 1.000 0.960 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.405 1.461 -- 2006 1.377 1.405 76,886 2005 1.337 1.377 76,614 2004 1.359 1.337 52,362 2003 0.961 1.359 3,237 2002 1.000 0.961 --
223 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.625 1.680 -- 2006 1.495 1.625 211,759 2005 1.390 1.495 239,561 2004 1.302 1.390 170,170 2003 0.949 1.302 15,395 2002 1.000 0.949 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.459 1.521 -- 2006 1.326 1.459 11,074 2005 1.307 1.326 11,078 2004 1.232 1.307 4,238 2003 0.967 1.232 -- 2002 1.000 0.967 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.584 1.643 -- 2006 1.380 1.584 265,385 2005 1.365 1.380 279,776 2004 1.238 1.365 163,189 2003 1.000 1.238 6,050 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.771 1.948 -- 2006 1.612 1.771 193,203 2005 1.522 1.612 216,566 2004 1.253 1.522 114,516 2003 1.000 1.253 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.090 1.123 -- 2005 1.073 1.090 27,047 2004 1.000 1.073 26,657 Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.659 1.722 189,609 2006 1.749 1.659 251,094 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.401 1.409 202,813 2006 1.334 1.401 142,784 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.605 1.680 -- 2006 1.521 1.605 106,981 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.666 1.672 98,692
224 PORTFOLIO ARCHITECT L -- 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 Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.346 1.304 10,607 2006 1.267 1.346 4,158 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.926 1.869 184,666 2006 1.755 1.926 211,826 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.617 2.064 105,275 2006 1.583 1.617 123,254 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.244 1.098 4,846 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.183 1.231 27,649 2006 1.123 1.183 27,880 MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.396 1.460 85,064 2006 1.337 1.396 97,640 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.074 1.093 870,962 2006 1.001 1.074 643,047 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.068 1.051 263,863 2006 1.002 1.068 23,039 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.420 1.555 158,022 2006 1.443 1.420 164,702 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.263 1.377 5,141 2006 1.277 1.263 3,050 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.099 2.196 3,198 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.382 1.455 83,829 2006 1.255 1.382 108,250 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.014 481,163 2006 1.003 1.216 547,485 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.119 1.181 464,249 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.550 1.593 7,417 2006 1.447 1.550 7,417 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.142 1.258 -- 2006 1.089 1.142 14,775
225 PORTFOLIO ARCHITECT L -- 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 Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.151 1.201 279,179 2006 1.115 1.151 205,878 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.973 825,617 2006 1.003 1.025 536,506 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.512 1.782 132,426 2006 1.554 1.512 154,347 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.093 1.137 327,083 2006 1.056 1.093 308,140 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.007 1.035 1,184,023 2006 0.988 1.007 590,178 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.359 1.382 48,622 2006 1.345 1.359 53,652 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.450 1.477 217,627 2006 1.419 1.450 230,863 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.056 1.068 534,814 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 40,513 2006 1.002 1.045 40,513 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.073 465,795 2006 1.002 1.051 419,931 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.073 255,664 2006 1.002 1.055 265,171 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.356 1.383 1,345,946 2006 1.274 1.356 1,340,623 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.047 1.089 686,285 2006 0.996 1.047 767,136 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.065 1.137 86,096 2006 0.998 1.065 131,454
226 PORTFOLIO ARCHITECT L -- 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 Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.140 1.182 -- 2006 1.077 1.140 151,268 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.061 1.085 133,399 2006 1.029 1.061 127,950 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.981 0.988 -- 2005 0.975 0.981 564,024 2004 0.986 0.975 75,548 2003 0.999 0.986 -- 2002 1.000 0.999 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.106 1.320 -- 2005 1.068 1.106 85,465 2004 1.000 1.068 61,540 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.095 1.114 -- 2006 1.110 1.095 515,241 2005 1.111 1.110 464,685 2004 1.043 1.111 214,161 2003 1.000 1.043 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.088 1.158 881,363 2006 1.071 1.088 887,465 2005 1.068 1.071 1,035,472 2004 1.040 1.068 714,714 2003 1.012 1.040 27,193 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.953 2.110 -- 2006 1.562 1.953 3,198 2005 1.422 1.562 3,198 2004 1.251 1.422 3,198 2003 0.994 1.251 -- 2002 1.000 0.994 --
227 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.125 2.266 -- 2006 1.851 2.125 230,398 2005 1.767 1.851 238,322 2004 1.431 1.767 203,643 2003 0.977 1.431 82,176 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.357 1.443 -- 2005 1.275 1.357 164,676 2004 1.224 1.275 122,713 2003 0.967 1.224 2,233 2002 1.000 0.967 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.257 1.337 -- 2005 1.280 1.257 118,022 2004 1.230 1.280 95,886 2003 0.995 1.230 -- 2002 1.000 0.995 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.604 1.749 -- 2005 1.458 1.604 249,664 2004 1.279 1.458 188,222 2003 0.977 1.279 112,924 2002 1.000 0.977 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.353 1.419 -- 2005 1.323 1.353 284,705 2004 1.230 1.323 207,293 2003 0.958 1.230 36,353 2002 1.000 0.958 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.304 1.334 -- 2005 1.299 1.304 142,773 2004 1.202 1.299 82,674 2003 1.003 1.202 -- 2002 1.000 1.003 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.362 1.408 -- 2005 1.321 1.362 112,118 2004 1.221 1.321 107,094 2003 0.978 1.221 -- 2002 1.000 0.978 --
228 PORTFOLIO ARCHITECT L -- 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 Large Cap Subaccount (6/00).............. 2006 1.308 1.345 -- 2005 1.230 1.308 27,397 2004 1.179 1.230 71,256 2003 0.967 1.179 -- 2002 1.000 0.967 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.106 1.174 -- 2005 1.000 1.106 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.019 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.051 1.087 -- 2005 1.008 1.051 45,691 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.084 1.129 -- 2005 1.000 1.084 244,231 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.046 -- 2005 1.000 1.028 38,806 Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.435 1.521 -- 2005 1.309 1.435 100,404 2004 1.154 1.309 66,131 2003 0.973 1.154 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.472 1.554 -- 2005 1.459 1.472 158,902 2004 1.306 1.459 94,124 2003 0.974 1.306 9,691 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.236 1.274 -- 2005 1.226 1.236 1,333,686 2004 1.124 1.226 1,076,462 2003 0.986 1.124 63,220 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.163 1.255 -- 2005 1.117 1.163 85,935 2004 1.000 1.117 9,859
229 PORTFOLIO ARCHITECT L -- 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 Mondrian International Stock Subaccount (3/02)............................................. 2006 1.530 1.755 -- 2005 1.428 1.530 220,015 2004 1.260 1.428 157,537 2003 1.001 1.260 -- 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.366 1.447 -- 2005 1.317 1.366 10,001 2004 1.211 1.317 3,791 2003 1.000 1.211 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.089 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.106 1.115 -- 2005 1.090 1.106 256,417 2004 1.000 1.090 103,830 Travelers Quality Bond Subaccount (3/02)........... 2006 1.068 1.056 -- 2005 1.073 1.068 267,585 2004 1.062 1.073 229,252 2003 1.014 1.062 22,570 2002 1.000 1.014 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.355 1.411 -- 2005 1.357 1.355 24,192 2004 1.258 1.357 23,249 2003 0.969 1.258 -- 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.111 1.277 -- 2005 1.026 1.111 270 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.107 1.267 -- 2005 1.000 1.107 272 Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.069 1.029 -- 2005 1.047 1.069 125,156 2004 1.000 1.047 20,109
230 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.659 1.586 104,353 2006 1.461 1.659 251,156 2005 1.433 1.461 263,132 2004 1.247 1.433 116,832 2003 0.974 1.247 -- 2002 1.000 0.974 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.332 1.466 1,722 2006 1.275 1.332 1,722 2005 1.207 1.275 1,722 2004 1.188 1.207 1,722 2003 0.966 1.188 -- 2002 1.000 0.966 --
PORTFOLIO ARCHITECT L -- 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) (2/00)................................... 2006 1.301 1.264 -- 2005 1.158 1.301 -- 2004 1.092 1.158 -- 2003 1.000 1.092 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.733 1.946 26,958 2006 1.471 1.733 29,898 2005 1.318 1.471 23,759 2004 1.187 1.318 8,440 2003 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.549 1.702 73,116 2006 1.437 1.549 76,391 2005 1.264 1.437 81,944 2004 1.148 1.264 16,435 2003 1.000 1.148 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.444 1.484 109,971 2006 1.281 1.444 110,012 2005 1.238 1.281 108,452 2004 1.146 1.238 22,121 2003 1.000 1.146 --
231 PORTFOLIO ARCHITECT L -- 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 (3/02)................... 2006 1.547 1.528 -- 2005 1.338 1.547 -- 2004 1.144 1.338 -- 2003 1.000 1.144 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.540 1.998 -- 2005 1.468 1.540 -- 2004 1.142 1.468 -- 2003 1.000 1.142 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.329 1.393 -- 2006 1.166 1.329 -- 2005 1.142 1.166 -- 2004 1.112 1.142 -- 2003 1.000 1.112 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.314 1.143 -- 2006 1.294 1.314 -- 2005 1.250 1.294 -- 2004 1.148 1.250 -- 2003 1.000 1.148 -- 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 -- 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 1.290 115,865 2004 1.067 1.197 23,905 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.598 1.834 -- 2006 1.466 1.598 -- 2005 1.285 1.466 -- 2004 1.140 1.285 -- 2003 1.000 1.140 --
232 PORTFOLIO ARCHITECT L -- 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) (3/02)........................... 2007 1.439 1.502 -- 2006 1.292 1.439 -- 2005 1.095 1.292 -- 2004 1.105 1.095 -- 2003 1.000 1.105 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.854 2.091 -- 2006 1.686 1.854 -- 2005 1.460 1.686 -- 2004 1.197 1.460 -- 2003 1.000 1.197 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.331 1.541 -- 2005 1.230 1.331 32,524 2004 1.117 1.230 -- 2003 1.000 1.117 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.406 3.030 -- 2006 1.920 2.406 2,000 2005 1.540 1.920 -- 2004 1.262 1.540 -- 2003 1.000 1.262 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.745 1.970 2,975 2006 1.468 1.745 5,694 2005 1.362 1.468 8,678 2004 1.175 1.362 -- 2003 1.000 1.175 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.403 1.672 -- 2005 1.317 1.403 -- 2004 1.161 1.317 -- 2003 1.000 1.161 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.055 1.076 -- 2005 1.064 1.055 -- 2004 1.000 1.064 --
233 PORTFOLIO ARCHITECT L -- 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) (3/02)............................................. 2006 1.201 1.238 -- 2005 1.140 1.201 -- 2004 1.076 1.140 -- 2003 1.000 1.076 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.426 1.697 -- 2006 1.371 1.426 -- 2005 1.247 1.371 -- 2004 1.116 1.247 -- 2003 1.000 1.116 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.358 1.616 -- 2006 1.287 1.358 -- 2005 1.179 1.287 -- 2004 1.199 1.179 -- 2003 1.000 1.199 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.390 1.487 -- 2006 1.205 1.390 -- 2005 1.167 1.205 -- 2004 1.141 1.167 -- 2003 1.000 1.141 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.341 1.497 -- 2005 1.318 1.341 -- 2004 1.172 1.318 -- 2003 1.000 1.172 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.467 1.409 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.404 1.447 188,291 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.399 1.435 -- 2006 1.242 1.399 -- 2005 1.218 1.242 -- 2004 1.129 1.218 -- 2003 1.000 1.129 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.504 1.435 59,877
234 PORTFOLIO ARCHITECT L -- 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) (1/01)....... 2007 1.492 1.517 16,516 2006 1.290 1.492 19,347 2005 1.238 1.290 19,376 2004 1.146 1.238 -- 2003 1.000 1.146 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.248 1.244 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.576 1.695 3,938 2006 1.428 1.576 -- 2005 1.392 1.428 -- 2004 1.236 1.392 -- 2003 1.000 1.236 -- 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 4,622 2006 0.988 1.006 5,618 2005 0.987 0.988 6,103 2004 0.997 0.987 7,585 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.457 1.526 -- 2006 1.261 1.457 -- 2005 1.239 1.261 8,725 2004 1.169 1.239 8,725 2003 1.000 1.169 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.199 1.247 -- 2006 1.176 1.199 -- 2005 1.142 1.176 -- 2004 1.162 1.142 -- 2003 1.000 1.162 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.427 1.474 -- 2006 1.313 1.427 -- 2005 1.221 1.313 -- 2004 1.144 1.221 -- 2003 1.000 1.144 --
235 PORTFOLIO ARCHITECT L -- 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) (5/02)............................................. 2007 1.329 1.386 -- 2006 1.209 1.329 -- 2005 1.192 1.209 -- 2004 1.124 1.192 -- 2003 1.000 1.124 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.456 1.510 -- 2006 1.269 1.456 4,043 2005 1.256 1.269 4,048 2004 1.140 1.256 -- 2003 1.000 1.140 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.630 1.793 -- 2006 1.484 1.630 3,531 2005 1.402 1.484 3,535 2004 1.155 1.402 -- 2003 1.000 1.155 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.089 1.122 -- 2005 1.072 1.089 -- 2004 1.000 1.072 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.518 1.574 -- 2006 1.600 1.518 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.269 1.276 -- 2006 1.209 1.269 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.513 1.583 -- 2006 1.434 1.513 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.570 1.575 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.345 1.303 -- 2006 1.267 1.345 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.768 1.714 -- 2006 1.611 1.768 2,877 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.560 1.991 3,214 2006 1.528 1.560 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.243 1.097 --
236 PORTFOLIO ARCHITECT L -- 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 -- 2006 1.122 1.181 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.250 1.306 -- 2006 1.198 1.250 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.073 1.092 -- 2006 1.001 1.073 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.068 1.051 5,388 2006 1.002 1.068 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.316 1.441 -- 2006 1.338 1.316 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.262 1.375 -- 2006 1.277 1.262 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.977 2.067 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.380 1.453 -- 2006 1.254 1.380 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.215 1.013 -- 2006 1.003 1.215 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.120 1.181 27,563 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.440 1.479 -- 2006 1.345 1.440 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.141 1.257 -- 2006 1.088 1.141 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.149 1.199 5,365 2006 1.114 1.149 6,248 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.972 152,159 2006 1.003 1.025 162,649 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.307 1.540 -- 2006 1.344 1.307 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.052 1.094 -- 2006 1.017 1.052 --
237 PORTFOLIO ARCHITECT L -- 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 BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.014 1.042 -- 2006 0.995 1.014 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.292 1.313 -- 2006 1.280 1.292 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.332 1.356 -- 2006 1.304 1.332 -- 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 9,515 2006 1.001 1.038 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.071 -- 2006 1.002 1.045 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.072 -- 2006 1.002 1.050 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.072 -- 2006 1.002 1.055 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.299 1.323 69,849 2006 1.220 1.299 69,860 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.047 1.088 -- 2006 0.996 1.047 -- 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 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.060 1.083 -- 2006 1.028 1.060 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.989 0.995 -- 2005 0.982 0.989 -- 2004 0.994 0.982 -- 2003 1.000 0.994 --
238 PORTFOLIO ARCHITECT L -- 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 1.318 -- 2005 1.068 1.105 -- 2004 1.000 1.068 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.096 1.115 -- 2006 1.112 1.096 27,563 2005 1.114 1.112 27,563 2004 1.045 1.114 -- 2003 1.000 1.045 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.070 1.138 4,639 2006 1.053 1.070 4,570 2005 1.051 1.053 4,393 2004 1.024 1.051 4,240 2003 1.000 1.024 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.839 1.987 -- 2006 1.472 1.839 -- 2005 1.341 1.472 -- 2004 1.180 1.341 -- 2003 1.000 1.180 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.833 1.954 -- 2006 1.598 1.833 -- 2005 1.526 1.598 -- 2004 1.236 1.526 -- 2003 1.000 1.236 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.259 1.338 -- 2005 1.184 1.259 -- 2004 1.136 1.184 -- 2003 1.000 1.136 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.126 1.198 -- 2005 1.147 1.126 -- 2004 1.103 1.147 -- 2003 1.000 1.103 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.468 1.600 -- 2005 1.335 1.468 -- 2004 1.172 1.335 -- 2003 1.000 1.172 --
239 PORTFOLIO ARCHITECT L -- 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 (10/00)......... 2006 1.243 1.304 -- 2005 1.217 1.243 -- 2004 1.132 1.217 -- 2003 1.000 1.132 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.181 1.209 -- 2005 1.177 1.181 -- 2004 1.090 1.177 -- 2003 1.000 1.090 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.276 1.319 -- 2005 1.239 1.276 -- 2004 1.146 1.239 -- 2003 1.000 1.146 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.244 1.280 -- 2005 1.170 1.244 -- 2004 1.123 1.170 -- 2003 1.000 1.123 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.173 -- 2005 1.000 1.105 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.019 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.051 1.086 -- 2005 1.008 1.051 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.084 1.128 -- 2005 1.000 1.084 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.046 -- 2005 1.000 1.028 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.353 1.434 -- 2005 1.235 1.353 -- 2004 1.089 1.235 -- 2003 1.000 1.089 --
240 PORTFOLIO ARCHITECT L -- 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 (3/02).. 2006 1.273 1.344 -- 2005 1.263 1.273 -- 2004 1.131 1.263 -- 2003 1.000 1.131 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.184 1.220 -- 2005 1.176 1.184 69,872 2004 1.078 1.176 4,470 2003 1.000 1.078 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.163 1.254 -- 2005 1.116 1.163 -- 2004 1.000 1.116 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.405 1.611 -- 2005 1.311 1.405 -- 2004 1.158 1.311 -- 2003 1.000 1.158 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.270 1.345 -- 2005 1.225 1.270 -- 2004 1.126 1.225 -- 2003 1.000 1.126 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.088 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.105 1.114 -- 2005 1.090 1.105 6,615 2004 1.000 1.090 7,982 Travelers Quality Bond Subaccount (3/02)........... 2006 1.028 1.017 -- 2005 1.034 1.028 -- 2004 1.024 1.034 -- 2003 1.000 1.024 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.201 1.251 -- 2005 1.203 1.201 -- 2004 1.116 1.203 -- 2003 1.000 1.116 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.111 1.277 -- 2005 1.026 1.111 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.107 1.267 -- 2005 1.000 1.107 --
241 PORTFOLIO ARCHITECT L -- 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 -- 2004 1.000 1.047 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.508 1.441 -- 2006 1.329 1.508 -- 2005 1.304 1.329 -- 2004 1.136 1.304 -- 2003 1.000 1.136 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.267 1.394 -- 2006 1.213 1.267 -- 2005 1.150 1.213 -- 2004 1.132 1.150 -- 2003 1.000 1.132 --
PORTFOLIO ARCHITECT L -- 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 Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.360 1.321 -- 2005 1.211 1.360 551,459 2004 1.143 1.211 216,941 2003 0.948 1.143 66,077 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.898 2.131 5,750,415 2006 1.612 1.898 5,865,325 2005 1.445 1.612 5,479,126 2004 1.302 1.445 3,301,874 2003 0.984 1.302 560,403 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.730 1.901 13,652,536 2006 1.606 1.730 14,897,001 2005 1.413 1.606 15,362,612 2004 1.285 1.413 9,273,858 2003 0.960 1.285 2,482,245 2002 1.000 0.960 --
242 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.582 1.625 16,274,773 2006 1.404 1.582 18,131,781 2005 1.357 1.404 18,636,981 2004 1.257 1.357 12,269,497 2003 0.971 1.257 2,985,394 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.597 1.577 -- 2005 1.382 1.597 144,490 2004 1.183 1.382 85,167 2003 0.968 1.183 62,369 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.773 2.300 -- 2005 1.692 1.773 621,716 2004 1.317 1.692 363,487 2003 1.005 1.317 141,660 2002 1.000 1.005 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.373 1.438 153,052 2006 1.206 1.373 161,256 2005 1.181 1.206 153,428 2004 1.150 1.181 109,406 2003 0.971 1.150 52,034 2002 1.000 0.971 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.437 1.249 126,945 2006 1.416 1.437 123,846 2005 1.369 1.416 105,628 2004 1.257 1.369 25,547 2003 0.976 1.257 1,278 2002 1.000 0.976 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.291 1.401 -- 2005 1.199 1.291 491,266 2004 1.073 1.199 200,346 2003 1.000 1.073 --
243 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.433 -- 2005 1.197 1.289 558,937 2004 1.067 1.197 213,448 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.738 1.993 859,279 2006 1.595 1.738 1,053,010 2005 1.398 1.595 986,942 2004 1.242 1.398 617,309 2003 0.991 1.242 313,047 2002 1.000 0.991 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.514 1.580 3,679 2006 1.361 1.514 8,736 2005 1.153 1.361 30,349 2004 1.164 1.153 90,383 2003 0.953 1.164 61,618 2002 1.000 0.953 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.061 2.324 3,519,694 2006 1.875 2.061 4,235,804 2005 1.625 1.875 4,190,757 2004 1.333 1.625 2,561,023 2003 0.986 1.333 731,326 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.448 1.676 -- 2005 1.340 1.448 3,992,826 2004 1.217 1.340 2,095,459 2003 0.994 1.217 723,595 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.740 3.450 1,491,164 2006 2.188 2.740 1,654,953 2005 1.756 2.188 1,505,095 2004 1.440 1.756 466,250 2003 1.000 1.440 91,391
244 PORTFOLIO ARCHITECT L -- 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 Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.895 2.139 4,492,483 2006 1.596 1.895 4,708,415 2005 1.481 1.596 4,568,600 2004 1.278 1.481 2,330,211 2003 0.989 1.278 519,279 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.524 1.815 -- 2005 1.431 1.524 2,064,621 2004 1.262 1.431 594,562 2003 0.976 1.262 206,659 2002 1.000 0.976 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.054 1.075 -- 2005 1.064 1.054 102,822 2004 1.000 1.064 18,738 Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.232 1.270 -- 2005 1.170 1.232 108,429 2004 1.105 1.170 131,283 2003 0.994 1.105 86,032 2002 1.000 0.994 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.555 1.850 -- 2006 1.496 1.555 -- 2005 1.362 1.496 -- 2004 1.219 1.362 -- 2003 0.988 1.219 -- 2002 1.000 0.988 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.529 1.819 16,930 2006 1.450 1.529 19,480 2005 1.330 1.450 30,242 2004 1.352 1.330 13,988 2003 0.944 1.352 10,065 2002 1.000 0.944 --
245 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.441 1.541 8,044 2006 1.250 1.441 8,044 2005 1.211 1.250 8,044 2004 1.185 1.211 8,044 2003 0.980 1.185 8,044 2002 1.000 0.980 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.517 1.693 -- 2005 1.492 1.517 896,870 2004 1.328 1.492 512,682 2003 1.000 1.328 58,521 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.614 1.549 8,906,242 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.490 1.535 3,969,301 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.493 1.532 1,945,549 2006 1.327 1.493 2,451,798 2005 1.302 1.327 2,839,502 2004 1.208 1.302 2,252,137 2003 0.967 1.208 1,148,700 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.683 1.605 9,355,548 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.612 1.637 1,382,632 2006 1.394 1.612 1,610,692 2005 1.338 1.394 1,852,362 2004 1.240 1.338 1,547,557 2003 0.958 1.240 657,293 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.455 1.451 2,507,800 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.797 1.933 1,002,073 2006 1.630 1.797 707,497 2005 1.589 1.630 758,509 2004 1.412 1.589 681,109 2003 0.970 1.412 195,339 2002 1.000 0.970 --
246 PORTFOLIO ARCHITECT L -- 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 Social Awareness Subaccount (5/04).......... 2007 1.158 1.255 61,224 2006 1.099 1.158 61,224 2005 1.077 1.099 44,664 2004 1.000 1.077 37,480 Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.005 0.995 2,218,606 2006 0.987 1.005 2,330,493 2005 0.986 0.987 2,390,703 2004 0.997 0.986 1,892,813 2003 1.000 0.997 14,435 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.624 1.700 -- 2006 1.406 1.624 2,877,618 2005 1.382 1.406 3,274,732 2004 1.305 1.382 2,835,223 2003 0.960 1.305 1,303,133 2002 1.000 0.960 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.399 1.454 -- 2006 1.373 1.399 162,042 2005 1.334 1.373 175,193 2004 1.358 1.334 165,032 2003 0.961 1.358 134,650 2002 1.000 0.961 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.619 1.672 -- 2006 1.491 1.619 248,792 2005 1.387 1.491 303,039 2004 1.300 1.387 304,200 2003 0.949 1.300 288,920 2002 1.000 0.949 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.453 1.514 -- 2006 1.322 1.453 54,036 2005 1.304 1.322 41,546 2004 1.231 1.304 46,141 2003 0.967 1.231 33,006 2002 1.000 0.967 --
247 PORTFOLIO ARCHITECT L -- 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 Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.578 1.636 -- 2006 1.376 1.578 2,148,289 2005 1.363 1.376 2,139,915 2004 1.237 1.363 1,226,122 2003 1.000 1.237 154,434 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.764 1.940 -- 2006 1.608 1.764 2,597,442 2005 1.519 1.608 2,921,421 2004 1.252 1.519 1,430,939 2003 1.000 1.252 131,586 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.089 1.121 -- 2005 1.072 1.089 58,901 2004 1.000 1.072 4,897 Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.652 1.713 45,108 2006 1.743 1.652 57,160 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.395 1.402 435,753 2006 1.330 1.395 419,568 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.599 1.673 -- 2006 1.516 1.599 288,998 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.659 1.664 275,264 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.344 1.301 141,573 2006 1.266 1.344 56,705 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.919 1.860 1,183,921 2006 1.749 1.919 1,285,532 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.610 2.054 335,365 2006 1.577 1.610 167,521 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.242 1.095 29,184 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.179 1.226 67,612 2006 1.121 1.179 65,479 MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.391 1.453 985,671 2006 1.333 1.391 1,172,505
248 PORTFOLIO ARCHITECT L -- 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 Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.073 1.091 1,611,034 2006 1.001 1.073 1,213,380 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.050 3,907,281 2006 1.002 1.067 53,483 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.414 1.548 388,142 2006 1.438 1.414 530,563 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.261 1.373 14,747 2006 1.276 1.261 20,057 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.090 2.185 399,355 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.378 1.450 881,632 2006 1.252 1.378 940,120 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.215 1.012 1,041,987 2006 1.003 1.215 1,328,851 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.115 1.175 4,219,764 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.544 1.585 386,132 2006 1.443 1.544 413,816 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.140 1.256 -- 2006 1.088 1.140 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.148 1.197 3,342,022 2006 1.113 1.148 3,470,815 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.971 4,117,977 2006 1.003 1.024 2,422,847 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.506 1.773 512,690 2006 1.549 1.506 636,005 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.089 1.131 361,769 2006 1.052 1.089 378,941 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.003 1.030 1,167,508 2006 0.985 1.003 502,009 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.353 1.375 931,502 2006 1.341 1.353 1,120,739
249 PORTFOLIO ARCHITECT L -- 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 FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.445 1.470 2,728,713 2006 1.414 1.445 3,166,062 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.056 1.066 71,005 2006 1.002 1.056 553 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.038 1.071 1,250,777 2006 1.001 1.038 408,562 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.070 1,307,227 2006 1.002 1.045 229,794 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.071 360,610 2006 1.002 1.050 164,786 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.071 307,212 2006 1.002 1.055 214,580 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.351 1.376 10,182,581 2006 1.269 1.351 11,196,229 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.087 4,042,587 2006 0.996 1.046 4,363,967 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.136 625,232 2006 0.998 1.064 747,985 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.137 1.178 -- 2006 1.075 1.137 105,636 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.058 1.081 34,987 2006 1.027 1.058 43,778 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.978 0.985 -- 2005 0.973 0.978 402,325 2004 0.985 0.973 506,125 2003 0.999 0.985 175,479 2002 1.000 0.999 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.104 1.317 -- 2005 1.068 1.104 57,587 2004 1.000 1.068 8,593
250 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.091 1.110 -- 2006 1.108 1.091 4,183,557 2005 1.110 1.108 4,183,574 2004 1.042 1.110 2,075,669 2003 1.000 1.042 364,430 PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.084 1.152 15,269,678 2006 1.067 1.084 15,751,561 2005 1.066 1.067 16,295,872 2004 1.039 1.066 11,030,522 2003 1.012 1.039 4,444,217 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.945 2.101 -- 2006 1.557 1.945 502,297 2005 1.420 1.557 503,884 2004 1.249 1.420 507,731 2003 0.994 1.249 378,045 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.117 2.256 -- 2006 1.846 2.117 1,084,311 2005 1.764 1.846 1,127,527 2004 1.429 1.764 802,610 2003 0.977 1.429 446,380 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.353 1.438 -- 2005 1.273 1.353 533,485 2004 1.222 1.273 433,213 2003 0.967 1.222 173,834 2002 1.000 0.967 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.253 1.333 -- 2005 1.277 1.253 1,308,171 2004 1.229 1.277 1,195,502 2003 0.995 1.229 86,197 2002 1.000 0.995 --
251 PORTFOLIO ARCHITECT L -- 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 Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.599 1.743 -- 2005 1.455 1.599 65,195 2004 1.278 1.455 64,865 2003 0.977 1.278 54,733 2002 1.000 0.977 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.349 1.414 -- 2005 1.320 1.349 3,470,760 2004 1.229 1.320 2,356,302 2003 0.958 1.229 933,491 2002 1.000 0.958 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.300 1.330 -- 2005 1.296 1.300 422,480 2004 1.201 1.296 306,267 2003 1.003 1.201 126,472 2002 1.000 1.003 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.358 1.403 -- 2005 1.318 1.358 119,930 2004 1.220 1.318 116,006 2003 0.978 1.220 99,922 2002 1.000 0.978 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.304 1.341 -- 2005 1.227 1.304 761,388 2004 1.178 1.227 638,667 2003 0.966 1.178 246,621 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.173 -- 2005 1.000 1.105 474 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.018 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.086 -- 2005 1.008 1.050 113,761 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 238,769
252 PORTFOLIO ARCHITECT L -- 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 Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.045 -- 2005 1.000 1.028 8,861 Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.431 1.516 -- 2005 1.306 1.431 360,257 2004 1.153 1.306 236,555 2003 0.973 1.153 123,529 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.467 1.549 -- 2005 1.456 1.467 662,001 2004 1.305 1.456 183,666 2003 0.974 1.305 138,108 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.232 1.269 -- 2005 1.224 1.232 12,161,644 2004 1.123 1.224 8,449,630 2003 0.986 1.123 3,040,252 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.162 1.252 -- 2005 1.116 1.162 692,556 2004 1.000 1.116 152,817 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.526 1.749 -- 2005 1.425 1.526 1,407,512 2004 1.259 1.425 820,537 2003 1.001 1.259 85,856 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.363 1.443 -- 2005 1.315 1.363 524,811 2004 1.210 1.315 202,670 2003 1.000 1.210 4,367 Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.088 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.104 1.113 -- 2005 1.089 1.104 3,120,622 2004 1.000 1.089 438,335
253 PORTFOLIO ARCHITECT L -- 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 Quality Bond Subaccount (3/02)........... 2006 1.064 1.052 -- 2005 1.071 1.064 341,277 2004 1.061 1.071 234,137 2003 1.014 1.061 143,526 2002 1.000 1.014 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.351 1.407 -- 2005 1.354 1.351 459,855 2004 1.256 1.354 421,151 2003 0.969 1.256 331,406 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.111 1.276 -- 2005 1.026 1.111 8,175 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.068 1.027 -- 2005 1.046 1.068 44,867 2004 1.000 1.046 16,481 Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.652 1.578 486,772 2006 1.456 1.652 674,117 2005 1.431 1.456 696,614 2004 1.246 1.431 428,535 2003 0.974 1.246 89,375 2002 1.000 0.974 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.327 1.459 -- 2006 1.271 1.327 -- 2005 1.205 1.271 -- 2004 1.187 1.205 -- 2003 0.966 1.187 -- 2002 1.000 0.966 --
PORTFOLIO ARCHITECT L -- 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) (2/00)................................... 2006 1.155 1.121 -- 2005 1.000 1.155 --
254 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.314 1.474 -- 2006 1.116 1.314 -- 2005 1.000 1.116 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.231 1.351 11,675 2006 1.143 1.231 11,675 2005 1.000 1.143 7,957 American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.169 1.200 -- 2006 1.039 1.169 -- 2005 1.000 1.039 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.165 1.150 -- 2005 1.000 1.165 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.083 1.404 -- 2005 1.000 1.083 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.145 1.199 -- 2006 1.006 1.145 -- 2005 1.000 1.006 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.072 0.932 -- 2006 1.057 1.072 -- 2005 1.000 1.057 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.076 1.168 -- 2005 1.000 1.076 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.102 1.226 -- 2005 1.000 1.102 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.231 1.411 -- 2006 1.130 1.231 -- 2005 1.000 1.130 --
255 PORTFOLIO ARCHITECT L -- 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) (3/02)........................... 2007 1.308 1.364 -- 2006 1.176 1.308 -- 2005 1.000 1.176 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.250 1.408 -- 2006 1.138 1.250 -- 2005 1.000 1.138 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.079 1.248 -- 2005 1.000 1.079 8,302 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.511 1.902 -- 2006 1.207 1.511 -- 2005 1.000 1.207 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.271 1.434 17,644 2006 1.071 1.271 -- 2005 1.000 1.071 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.061 1.263 -- 2005 1.000 1.061 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 0.986 1.006 -- 2005 1.000 0.986 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.058 1.090 -- 2005 1.000 1.058 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.174 1.396 -- 2006 1.130 1.174 -- 2005 1.000 1.130 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.182 1.406 -- 2006 1.122 1.182 -- 2005 1.000 1.122 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.198 1.280 -- 2006 1.039 1.198 -- 2005 1.000 1.039 --
256 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.028 1.147 -- 2005 1.000 1.028 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.216 1.167 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.168 1.204 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.153 1.183 -- 2006 1.025 1.153 -- 2005 1.000 1.025 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.230 1.173 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.208 1.226 -- 2006 1.045 1.208 -- 2005 1.000 1.045 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.113 1.109 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.183 1.272 -- 2006 1.074 1.183 -- 2005 1.000 1.074 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.098 1.189 -- 2006 1.043 1.098 -- 2005 1.000 1.043 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.018 1.008 -- 2006 1.000 1.018 -- 2005 1.000 1.000 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.192 1.248 -- 2006 1.033 1.192 -- 2005 1.000 1.033 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.073 1.116 -- 2006 1.054 1.073 -- 2005 1.000 1.054 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.182 1.221 -- 2006 1.089 1.182 -- 2005 1.000 1.089 --
257 PORTFOLIO ARCHITECT L -- 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) (5/02)............................................. 2007 1.127 1.175 -- 2006 1.026 1.127 -- 2005 1.000 1.026 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.173 1.216 -- 2006 1.023 1.173 -- 2005 1.000 1.023 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.176 1.294 -- 2006 1.073 1.176 -- 2005 1.000 1.073 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.017 1.046 -- 2005 1.000 1.017 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.128 1.169 -- 2006 1.190 1.128 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.070 1.075 -- 2006 1.020 1.070 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.215 1.272 -- 2006 1.153 1.215 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.261 1.264 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.343 1.299 -- 2006 1.266 1.343 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.341 1.299 -- 2006 1.223 1.341 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.174 1.497 -- 2006 1.150 1.174 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.240 1.094 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.101 1.144 -- 2006 1.046 1.101 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.105 1.154 -- 2006 1.060 1.105 --
258 PORTFOLIO ARCHITECT L -- 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 Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.073 1.090 -- 2006 1.001 1.073 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.049 -- 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.127 1.232 -- 2006 1.146 1.127 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.260 1.371 -- 2006 1.275 1.260 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.469 1.535 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.226 1.290 -- 2006 1.115 1.226 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.011 -- 2006 1.003 1.214 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 0.995 1.048 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.182 1.213 -- 2006 1.104 1.182 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.139 1.254 -- 2006 1.087 1.139 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.044 1.088 -- 2006 1.013 1.044 -- 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 1.072 1.261 -- 2006 1.103 1.072 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.011 1.050 -- 2006 0.978 1.011 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.030 1.058 -- 2006 1.012 1.030 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.114 1.131 -- 2006 1.104 1.114 --
259 PORTFOLIO ARCHITECT L -- 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 Value Leaders Subaccount (Class D) (4/06)... 2007 1.100 1.119 -- 2006 1.077 1.100 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.065 -- 2006 1.002 1.055 -- 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 -- 2006 1.002 1.044 -- 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 -- 2006 1.002 1.054 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.104 1.124 -- 2006 1.038 1.104 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.086 -- 2006 0.996 1.046 -- 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 1.064 1.102 -- 2006 1.006 1.064 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 0.987 1.008 -- 2006 0.959 0.987 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 1.006 1.012 -- 2005 1.000 1.006 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.040 1.240 -- 2005 1.000 1.040 --
260 PORTFOLIO ARCHITECT L -- 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 Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 0.973 0.991 -- 2006 0.989 0.973 -- 2005 1.000 0.989 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.012 1.076 19,653 2006 0.998 1.012 19,653 2005 1.000 0.998 13,117 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.367 1.477 -- 2006 1.095 1.367 -- 2005 1.000 1.095 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.207 1.286 -- 2006 1.053 1.207 -- 2005 1.000 1.053 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.079 1.146 -- 2005 1.000 1.079 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 0.996 1.060 -- 2005 1.000 0.996 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.093 1.190 -- 2005 1.000 1.093 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.028 1.077 -- 2005 1.000 1.028 -- Travelers Federated High Yield Subaccount (3/02)... 2006 0.997 1.020 -- 2005 1.000 0.997 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.029 1.063 -- 2005 1.000 1.029 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.074 1.104 -- 2005 1.000 1.074 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.172 -- 2005 1.000 1.105 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.018 -- 2005 1.006 1.016 --
261 PORTFOLIO ARCHITECT L -- 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 Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.089 1.153 -- 2005 1.000 1.089 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.045 1.103 -- 2005 1.000 1.045 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.008 1.038 -- 2005 1.000 1.008 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.034 1.115 -- 2005 1.000 1.034 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.067 1.223 -- 2005 1.000 1.067 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.043 1.104 -- 2005 1.000 1.043 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.005 1.013 -- 2005 1.000 1.005 -- Travelers Quality Bond Subaccount (3/02)........... 2006 0.989 0.978 -- 2005 1.000 0.989 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.042 1.085 -- 2005 1.000 1.042 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 --
262 PORTFOLIO ARCHITECT L -- 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 0.997 0.959 -- 2005 1.000 0.997 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.166 1.113 -- 2006 1.028 1.166 -- 2005 1.000 1.028 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.117 1.228 -- 2006 1.071 1.117 -- 2005 1.000 1.071 --
PORTFOLIO ARCHITECT L -- 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) (2/00)................................... 2006 1.296 1.258 -- 2005 1.155 1.296 26,995 2004 1.092 1.155 -- 2003 1.000 1.092 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.724 1.933 1,700,960 2006 1.465 1.724 1,666,157 2005 1.315 1.465 1,016,509 2004 1.186 1.315 12,546 2003 1.000 1.186 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.541 1.691 5,693,274 2006 1.432 1.541 5,630,680 2005 1.261 1.432 3,527,301 2004 1.148 1.261 176,039 2003 1.000 1.148 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.437 1.474 5,370,891 2006 1.277 1.437 5,169,568 2005 1.235 1.277 3,353,279 2004 1.145 1.235 116,974 2003 1.000 1.145 --
263 PORTFOLIO ARCHITECT L -- 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 (3/02)................... 2006 1.541 1.522 -- 2005 1.335 1.541 68,905 2004 1.143 1.335 -- 2003 1.000 1.143 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.534 1.987 -- 2005 1.465 1.534 178,945 2004 1.142 1.465 -- 2003 1.000 1.142 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.322 1.384 -- 2006 1.162 1.322 -- 2005 1.140 1.162 -- 2004 1.111 1.140 -- 2003 1.000 1.111 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.307 1.135 7,959 2006 1.289 1.307 7,889 2005 1.247 1.289 7,731 2004 1.147 1.247 -- 2003 1.000 1.147 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.398 -- 2005 1.197 1.289 105,878 2004 1.073 1.197 2,361 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.430 -- 2005 1.195 1.286 364,009 2004 1.066 1.195 4,323 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.590 1.821 99,573 2006 1.461 1.590 106,226 2005 1.282 1.461 54,995 2004 1.140 1.282 1,554 2003 1.000 1.140 --
264 PORTFOLIO ARCHITECT L -- 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) (3/02)........................... 2007 1.432 1.492 -- 2006 1.288 1.432 -- 2005 1.092 1.288 -- 2004 1.104 1.092 -- 2003 1.000 1.104 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.844 2.078 1,524,858 2006 1.680 1.844 1,729,473 2005 1.457 1.680 916,237 2004 1.197 1.457 7,282 2003 1.000 1.197 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.326 1.534 -- 2005 1.228 1.326 1,018,600 2004 1.116 1.228 8,874 2003 1.000 1.116 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.393 3.010 1,112,320 2006 1.913 2.393 1,165,243 2005 1.537 1.913 605,698 2004 1.261 1.537 -- 2003 1.000 1.261 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.736 1.957 1,685,764 2006 1.463 1.736 1,664,516 2005 1.359 1.463 831,353 2004 1.174 1.359 -- 2003 1.000 1.174 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.398 1.663 -- 2005 1.315 1.398 740,845 2004 1.160 1.315 13,918 2003 1.000 1.160 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.052 1.073 -- 2005 1.063 1.052 19,271 2004 1.000 1.063 --
265 PORTFOLIO ARCHITECT L -- 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) (3/02)............................................. 2006 1.196 1.233 -- 2005 1.138 1.196 -- 2004 1.075 1.138 -- 2003 1.000 1.075 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.419 1.686 -- 2006 1.366 1.419 -- 2005 1.245 1.366 -- 2004 1.116 1.245 -- 2003 1.000 1.116 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.351 1.605 -- 2006 1.282 1.351 -- 2005 1.177 1.282 -- 2004 1.198 1.177 -- 2003 1.000 1.198 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.383 1.477 -- 2006 1.201 1.383 -- 2005 1.164 1.201 -- 2004 1.140 1.164 -- 2003 1.000 1.140 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.336 1.490 -- 2005 1.315 1.336 212,912 2004 1.172 1.315 -- 2003 1.000 1.172 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.459 1.400 1,690,122 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.396 1.438 750,790 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.392 1.426 761,039 2006 1.237 1.392 771,088 2005 1.215 1.237 779,368 2004 1.129 1.215 76,132 2003 1.000 1.129 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.496 1.425 901,568
266 PORTFOLIO ARCHITECT L -- 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) (1/01)....... 2007 1.485 1.507 61,312 2006 1.285 1.485 61,338 2005 1.235 1.285 45,577 2004 1.146 1.235 -- 2003 1.000 1.146 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.241 1.236 408,457 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.568 1.684 125,683 2006 1.423 1.568 16,353 2005 1.389 1.423 24,636 2004 1.235 1.389 4,834 2003 1.000 1.235 -- 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 1.001 0.991 561,560 2006 0.985 1.001 625,082 2005 0.985 0.985 488,307 2004 0.997 0.985 103,512 2003 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.450 1.517 -- 2006 1.257 1.450 -- 2005 1.236 1.257 -- 2004 1.169 1.236 -- 2003 1.000 1.169 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.193 1.240 -- 2006 1.172 1.193 -- 2005 1.140 1.172 -- 2004 1.161 1.140 -- 2003 1.000 1.161 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.419 1.466 -- 2006 1.308 1.419 5,230 2005 1.219 1.308 5,359 2004 1.144 1.219 1,649 2003 1.000 1.144 --
267 PORTFOLIO ARCHITECT L -- 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) (5/02)............................................. 2007 1.322 1.378 -- 2006 1.204 1.322 -- 2005 1.190 1.204 -- 2004 1.124 1.190 -- 2003 1.000 1.124 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.448 1.501 -- 2006 1.264 1.448 433,634 2005 1.253 1.264 394,021 2004 1.139 1.253 23,251 2003 1.000 1.139 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.621 1.783 -- 2006 1.479 1.621 877,639 2005 1.399 1.479 780,376 2004 1.155 1.399 29,210 2003 1.000 1.155 -- 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 1.510 1.564 4,367 2006 1.594 1.510 4,491 MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.262 1.267 21,871 2006 1.204 1.262 10,792 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.505 1.574 -- 2006 1.428 1.505 13,156 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.561 1.565 16,304 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.342 1.298 107,461 2006 1.265 1.342 50,885 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.759 1.703 302,392 2006 1.604 1.759 501,775 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.552 1.978 117,641 2006 1.522 1.552 88,498 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.239 1.092 18,766
268 PORTFOLIO ARCHITECT L -- 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 1.244 1.298 -- 2006 1.193 1.244 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.072 1.089 132,283 2006 1.001 1.072 31,253 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.048 1,305,651 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.310 1.432 55,303 2006 1.333 1.310 67,191 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.259 1.370 35,685 2006 1.275 1.259 26,785 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.966 2.054 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.374 1.445 483,577 2006 1.250 1.374 575,613 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.010 672,708 2006 1.003 1.214 756,100 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.114 1.174 1,328,069 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.433 1.469 182,216 2006 1.339 1.433 184,963 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.138 1.253 -- 2006 1.087 1.138 14,204 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.145 1.192 1,525,393 2006 1.111 1.145 1,395,968 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.970 1,537,653 2006 1.003 1.024 1,096,829 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.301 1.530 306,490 2006 1.339 1.301 52,352 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.047 1.087 1,084 2006 1.013 1.047 1,088
269 PORTFOLIO ARCHITECT L -- 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 BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.009 1.035 131,419 2006 0.991 1.009 23,504 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.285 1.305 218,554 2006 1.274 1.285 187,688 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.326 1.348 663,576 2006 1.299 1.326 708,097 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.064 74,475 2006 1.002 1.055 363,846 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.070 27,446 2006 1.001 1.037 31,936 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.044 1.069 121,918 2006 1.002 1.044 116,217 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.049 1.069 567,070 2006 1.002 1.049 507,430 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.069 351,687 2006 1.002 1.054 359,886 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.292 1.315 1,537,627 2006 1.215 1.292 1,548,544 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.085 1,902,487 2006 0.996 1.046 1,959,165 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.134 28,624 2006 0.998 1.063 28,624 MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.134 1.175 -- 2006 1.073 1.134 12,031 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.055 1.077 15,176 2006 1.025 1.055 15,673 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.985 0.991 -- 2005 0.980 0.985 56,970 2004 0.993 0.980 -- 2003 1.000 0.993 --
270 PORTFOLIO ARCHITECT L -- 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 1.313 -- 2005 1.067 1.102 19,841 2004 1.000 1.067 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.090 1.109 -- 2006 1.108 1.090 1,230,469 2005 1.111 1.108 971,586 2004 1.045 1.111 87,192 2003 1.000 1.045 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.064 1.130 3,604,618 2006 1.049 1.064 3,118,644 2005 1.048 1.049 2,187,620 2004 1.023 1.048 92,831 2003 1.000 1.023 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.830 1.976 -- 2006 1.467 1.830 -- 2005 1.338 1.467 -- 2004 1.179 1.338 -- 2003 1.000 1.179 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.824 1.943 -- 2006 1.592 1.824 252,629 2005 1.523 1.592 237,163 2004 1.235 1.523 -- 2003 1.000 1.235 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.255 1.333 -- 2005 1.181 1.255 49,939 2004 1.135 1.181 9,847 2003 1.000 1.135 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.122 1.193 -- 2005 1.144 1.122 -- 2004 1.102 1.144 -- 2003 1.000 1.102 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.463 1.594 -- 2005 1.332 1.463 4,321 2004 1.171 1.332 -- 2003 1.000 1.171 --
271 PORTFOLIO ARCHITECT L -- 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 (10/00)......... 2006 1.239 1.299 -- 2005 1.214 1.239 623,080 2004 1.131 1.214 38,632 2003 1.000 1.131 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.177 1.204 -- 2005 1.175 1.177 10,587 2004 1.090 1.175 -- 2003 1.000 1.090 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.272 1.314 -- 2005 1.236 1.272 -- 2004 1.145 1.236 -- 2003 1.000 1.145 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.240 1.274 -- 2005 1.168 1.240 60,974 2004 1.122 1.168 -- 2003 1.000 1.122 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.171 -- 2005 1.000 1.104 295,809 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.017 -- 2005 1.006 1.016 31,450 Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 292,696 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.126 -- 2005 1.000 1.083 132,397 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.349 1.428 -- 2005 1.232 1.349 10,886 2004 1.088 1.232 6,671 2003 1.000 1.088 --
272 PORTFOLIO ARCHITECT L -- 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 (3/02).. 2006 1.269 1.339 -- 2005 1.260 1.269 38,726 2004 1.131 1.260 -- 2003 1.000 1.131 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.180 1.215 -- 2005 1.173 1.180 1,039,277 2004 1.077 1.173 63,089 2003 1.000 1.077 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.160 1.250 -- 2005 1.115 1.160 365,164 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.400 1.604 -- 2005 1.308 1.400 248,371 2004 1.157 1.308 2,184 2003 1.000 1.157 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.265 1.339 -- 2005 1.222 1.265 121,433 2004 1.126 1.222 -- 2003 1.000 1.126 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 3,792 Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.111 -- 2005 1.089 1.102 897,033 2004 1.000 1.089 8,613 Travelers Quality Bond Subaccount (3/02)........... 2006 1.025 1.013 -- 2005 1.032 1.025 16,551 2004 1.023 1.032 -- 2003 1.000 1.023 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.197 1.246 -- 2005 1.201 1.197 26,075 2004 1.115 1.201 -- 2003 1.000 1.115 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 18,294 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.265 -- 2005 1.000 1.106 23,495
273 PORTFOLIO ARCHITECT L -- 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 15,246 2004 1.000 1.046 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.501 1.431 26,853 2006 1.324 1.501 27,992 2005 1.302 1.324 39,244 2004 1.135 1.302 -- 2003 1.000 1.135 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.261 1.385 -- 2006 1.209 1.261 -- 2005 1.147 1.209 -- 2004 1.131 1.147 -- 2003 1.000 1.131 --
PORTFOLIO ARCHITECT L -- 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 Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.352 1.310 -- 2005 1.206 1.352 -- 2004 1.141 1.206 -- 2003 0.947 1.141 -- 2002 1.000 0.947 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.882 2.109 151,884 2006 1.602 1.882 143,905 2005 1.439 1.602 138,235 2004 1.299 1.439 117,326 2003 0.984 1.299 27,500 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.717 1.882 369,608 2006 1.596 1.717 388,127 2005 1.408 1.596 400,790 2004 1.282 1.408 310,557 2003 0.960 1.282 18,290 2002 1.000 0.960 --
274 PORTFOLIO ARCHITECT L -- 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-Income Subaccount (Class 2) (2/00)............................................. 2007 1.569 1.608 692,058 2006 1.396 1.569 691,666 2005 1.352 1.396 698,656 2004 1.255 1.352 519,464 2003 0.971 1.255 98,877 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.588 1.567 -- 2005 1.377 1.588 -- 2004 1.180 1.377 -- 2003 0.968 1.180 -- 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.763 2.281 -- 2005 1.685 1.763 16,074 2004 1.314 1.685 15,026 2003 1.005 1.314 -- 2002 1.000 1.005 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.362 1.424 -- 2006 1.198 1.362 -- 2005 1.177 1.198 -- 2004 1.148 1.177 -- 2003 0.971 1.148 -- 2002 1.000 0.971 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.425 1.237 27,604 2006 1.407 1.425 25,165 2005 1.363 1.407 24,432 2004 1.254 1.363 13,054 2003 0.976 1.254 -- 2002 1.000 0.976 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.394 -- 2005 1.196 1.286 121,502 2004 1.073 1.196 81,602 2003 1.000 1.073 --
275 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.283 1.426 -- 2005 1.194 1.283 50,696 2004 1.066 1.194 23,600 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.724 1.973 27,905 2006 1.585 1.724 27,905 2005 1.393 1.585 27,905 2004 1.239 1.393 13,101 2003 0.991 1.239 -- 2002 1.000 0.991 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.502 1.564 -- 2006 1.352 1.502 -- 2005 1.148 1.352 -- 2004 1.162 1.148 -- 2003 0.953 1.162 -- 2002 1.000 0.953 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.044 2.300 98,210 2006 1.864 2.044 92,492 2005 1.618 1.864 87,770 2004 1.330 1.618 55,163 2003 0.986 1.330 -- 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.440 1.663 -- 2005 1.334 1.440 109,818 2004 1.214 1.334 66,367 2003 0.994 1.214 -- 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.720 3.418 84,813 2006 2.176 2.720 88,968 2005 1.750 2.176 77,549 2004 1.438 1.750 48,873 2003 1.000 1.438 3,951
276 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.880 2.117 301,696 2006 1.586 1.880 324,994 2005 1.475 1.586 319,848 2004 1.275 1.475 261,521 2003 0.988 1.275 22,009 2002 1.000 0.988 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.514 1.800 -- 2005 1.425 1.514 34,123 2004 1.259 1.425 18,185 2003 0.976 1.259 -- 2002 1.000 0.976 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.050 1.071 -- 2005 1.062 1.050 4,730 2004 1.000 1.062 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.225 1.261 -- 2005 1.166 1.225 -- 2004 1.103 1.166 -- 2003 0.994 1.103 -- 2002 1.000 0.994 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.543 1.832 -- 2006 1.487 1.543 -- 2005 1.356 1.487 -- 2004 1.217 1.356 -- 2003 0.988 1.217 -- 2002 1.000 0.988 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.517 1.801 -- 2006 1.442 1.517 -- 2005 1.324 1.442 -- 2004 1.350 1.324 -- 2003 0.944 1.350 -- 2002 1.000 0.944 --
277 PORTFOLIO ARCHITECT L -- 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 Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.430 1.526 -- 2006 1.242 1.430 -- 2005 1.206 1.242 -- 2004 1.182 1.206 -- 2003 0.980 1.182 -- 2002 1.000 0.980 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.509 1.681 -- 2005 1.487 1.509 117,932 2004 1.326 1.487 115,028 2003 1.000 1.326 16,913 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.600 1.534 170,798 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.477 1.520 203,155 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.481 1.517 56,688 2006 1.319 1.481 56,277 2005 1.296 1.319 57,517 2004 1.205 1.296 56,683 2003 0.967 1.205 4,400 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.668 1.588 268,114 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.599 1.621 4,221 2006 1.386 1.599 4,425 2005 1.333 1.386 19,317 2004 1.238 1.333 14,772 2003 0.958 1.238 -- 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.443 1.436 44,517 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.783 1.913 7,881 2006 1.620 1.783 5,170 2005 1.583 1.620 5,170 2004 1.409 1.583 10,091 2003 0.969 1.409 -- 2002 1.000 0.969 --
278 PORTFOLIO ARCHITECT L -- 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 Social Awareness Subaccount (5/04).......... 2007 1.152 1.246 -- 2006 1.096 1.152 -- 2005 1.076 1.096 -- 2004 1.000 1.076 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.998 0.987 35,902 2006 0.982 0.998 34,739 2005 0.983 0.982 71,556 2004 0.996 0.983 27,260 2003 1.000 0.996 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.611 1.685 -- 2006 1.397 1.611 44,169 2005 1.376 1.397 44,222 2004 1.302 1.376 56,429 2003 0.960 1.302 -- 2002 1.000 0.960 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.388 1.442 -- 2006 1.364 1.388 -- 2005 1.329 1.364 -- 2004 1.355 1.329 -- 2003 0.961 1.355 -- 2002 1.000 0.961 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.606 1.658 -- 2006 1.481 1.606 -- 2005 1.381 1.481 -- 2004 1.298 1.381 -- 2003 0.949 1.298 -- 2002 1.000 0.949 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.441 1.501 -- 2006 1.314 1.441 -- 2005 1.299 1.314 -- 2004 1.228 1.299 -- 2003 0.967 1.228 -- 2002 1.000 0.967 --
279 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.566 1.623 -- 2006 1.369 1.566 72,173 2005 1.358 1.369 72,341 2004 1.236 1.358 45,415 2003 1.000 1.236 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.751 1.925 -- 2006 1.599 1.751 130,057 2005 1.514 1.599 143,324 2004 1.251 1.514 85,876 2003 1.000 1.251 33,139 Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.085 1.116 -- 2005 1.071 1.085 -- 2004 1.000 1.071 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.639 1.696 -- 2006 1.731 1.639 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.384 1.388 11,723 2006 1.321 1.384 7,716 MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.586 1.658 -- 2006 1.506 1.586 17,077 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.644 1.647 17,077 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.339 1.294 122 2006 1.264 1.339 122 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.903 1.841 87,288 2006 1.737 1.903 87,174 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.597 2.033 9,198 2006 1.567 1.597 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.237 1.090 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.173 1.217 -- 2006 1.116 1.173 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.380 1.438 23,443 2006 1.324 1.380 25,967
280 PORTFOLIO ARCHITECT L -- 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 Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.072 1.087 125,019 2006 1.001 1.072 79,573 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.066 1.046 203,930 2006 1.002 1.066 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.403 1.532 11,571 2006 1.428 1.403 12,009 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.257 1.366 4,253 2006 1.274 1.257 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.072 2.163 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.371 1.440 22,309 2006 1.248 1.371 22,589 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.213 1.009 30,337 2006 1.003 1.213 28,088 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.106 1.164 71,468 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.533 1.571 38,264 2006 1.434 1.533 48,383 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.136 1.251 -- 2006 1.086 1.136 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.142 1.188 88,111 2006 1.109 1.142 75,845 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.968 202,843 2006 1.003 1.023 201,303 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.494 1.755 53,828 2006 1.539 1.494 56,896 MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.080 1.120 54,742 2006 1.045 1.080 57,422 MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 0.995 1.020 8,890 2006 0.978 0.995 8,154 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.342 1.361 -- 2006 1.332 1.342 --
281 PORTFOLIO ARCHITECT L -- 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 FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.433 1.455 66,812 2006 1.405 1.433 66,817 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.062 -- 2006 1.002 1.054 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.068 -- 2006 1.001 1.037 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.043 1.067 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.048 1.067 -- 2006 1.002 1.048 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.067 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.340 1.362 376,896 2006 1.261 1.340 390,284 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.045 1.084 210,596 2006 0.996 1.045 225,058 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.132 -- 2006 0.998 1.063 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.131 1.171 -- 2006 1.071 1.131 4,730 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.053 1.073 51,143 2006 1.023 1.053 50,682 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.973 0.978 -- 2005 0.969 0.973 6,880 2004 0.983 0.969 -- 2003 0.999 0.983 -- 2002 1.000 0.999 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.100 1.310 -- 2005 1.066 1.100 12,321 2004 1.000 1.066 6,275
282 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.083 1.101 -- 2006 1.102 1.083 82,238 2005 1.106 1.102 90,023 2004 1.041 1.106 76,552 2003 1.000 1.041 4,873 PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.075 1.141 411,482 2006 1.061 1.075 411,212 2005 1.061 1.061 438,654 2004 1.037 1.061 341,573 2003 1.012 1.037 37,287 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.929 2.083 -- 2006 1.548 1.929 -- 2005 1.414 1.548 -- 2004 1.247 1.414 -- 2003 0.994 1.247 -- 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.100 2.236 -- 2006 1.835 2.100 -- 2005 1.756 1.835 -- 2004 1.426 1.756 -- 2003 0.977 1.426 -- 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.345 1.428 -- 2005 1.268 1.345 11,612 2004 1.220 1.268 -- 2003 0.967 1.220 -- 2002 1.000 0.967 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.246 1.324 -- 2005 1.272 1.246 25,974 2004 1.226 1.272 17,936 2003 0.995 1.226 -- 2002 1.000 0.995 --
283 PORTFOLIO ARCHITECT L -- 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 Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.589 1.731 -- 2005 1.449 1.589 -- 2004 1.275 1.449 -- 2003 0.977 1.275 -- 2002 1.000 0.977 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.341 1.405 -- 2005 1.315 1.341 66,824 2004 1.226 1.315 50,384 2003 0.958 1.226 4,325 2002 1.000 0.958 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.292 1.321 -- 2005 1.291 1.292 7,619 2004 1.198 1.291 1,188 2003 1.003 1.198 -- 2002 1.000 1.003 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.350 1.394 -- 2005 1.313 1.350 4,395 2004 1.217 1.313 4,395 2003 0.977 1.217 -- 2002 1.000 0.977 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.296 1.332 -- 2005 1.222 1.296 -- 2004 1.176 1.222 -- 2003 0.966 1.176 -- 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.170 -- 2005 1.000 1.104 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.016 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.084 -- 2005 1.007 1.049 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.082 1.125 -- 2005 1.000 1.082 --
284 PORTFOLIO ARCHITECT L -- 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 Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.044 -- 2005 1.000 1.027 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.422 1.506 -- 2005 1.301 1.422 3,795 2004 1.150 1.301 3,795 2003 0.973 1.150 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.458 1.539 -- 2005 1.450 1.458 58,156 2004 1.302 1.450 11,068 2003 0.974 1.302 -- 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.225 1.261 -- 2005 1.219 1.225 446,074 2004 1.121 1.219 351,659 2003 0.986 1.121 4,696 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.158 1.248 -- 2005 1.114 1.158 23,589 2004 1.000 1.114 5,161 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.516 1.737 -- 2005 1.419 1.516 70,701 2004 1.256 1.419 51,990 2003 1.001 1.256 4,334 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.355 1.434 -- 2005 1.310 1.355 49,236 2004 1.208 1.310 50,441 2003 1.000 1.208 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.086 -- 2005 1.035 1.034 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.101 1.109 -- 2005 1.088 1.101 78,141 2004 1.000 1.088 67,513
285 PORTFOLIO ARCHITECT L -- 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 Quality Bond Subaccount (3/02)........... 2006 1.058 1.045 -- 2005 1.067 1.058 56,851 2004 1.058 1.067 30,261 2003 1.014 1.058 -- 2002 1.000 1.014 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.343 1.397 -- 2005 1.348 1.343 -- 2004 1.254 1.348 -- 2003 0.969 1.254 -- 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.274 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.105 1.264 -- 2005 1.000 1.105 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.064 1.023 -- 2005 1.045 1.064 49,859 2004 1.000 1.045 26,273 Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.639 1.562 10,848 2006 1.447 1.639 10,848 2005 1.425 1.447 10,848 2004 1.243 1.425 10,848 2003 0.974 1.243 -- 2002 1.000 0.974 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.316 1.444 -- 2006 1.263 1.316 -- 2005 1.200 1.263 -- 2004 1.185 1.200 -- 2003 0.966 1.185 -- 2002 1.000 0.966 --
PORTFOLIO ARCHITECT L -- 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) (2/00)................................... 2006 1.184 1.148 -- 2005 1.057 1.184 -- 2004 1.000 1.057 --
286 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.454 1.628 51,283 2006 1.238 1.454 51,283 2005 1.112 1.238 51,256 2004 1.000 1.112 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.322 1.448 22,238 2006 1.230 1.322 22,244 2005 1.085 1.230 20,229 2004 1.000 1.085 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.234 1.264 60,646 2006 1.098 1.234 60,652 2005 1.064 1.098 50,811 2004 1.000 1.064 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.347 1.329 -- 2005 1.168 1.347 -- 2004 1.000 1.168 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.345 1.740 -- 2005 1.287 1.345 -- 2004 1.000 1.287 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.182 1.235 -- 2006 1.040 1.182 -- 2005 1.022 1.040 -- 2004 1.000 1.022 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.141 0.990 -- 2006 1.128 1.141 -- 2005 1.093 1.128 -- 2004 1.000 1.093 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.199 1.300 -- 2005 1.116 1.199 -- 2004 1.000 1.116 --
287 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.201 1.335 -- 2005 1.118 1.201 14,061 2004 1.000 1.118 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.368 1.565 -- 2006 1.259 1.368 -- 2005 1.106 1.259 -- 2004 1.000 1.106 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.358 1.413 -- 2006 1.223 1.358 -- 2005 1.039 1.223 -- 2004 1.000 1.039 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.547 1.741 3,671 2006 1.411 1.547 3,671 2005 1.226 1.411 2,517 2004 1.000 1.226 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.185 1.369 -- 2005 1.099 1.185 5,901 2004 1.000 1.099 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.957 2.458 1,952 2006 1.567 1.957 1,954 2005 1.260 1.567 1,955 2004 1.000 1.260 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.470 1.655 1,211 2006 1.241 1.470 1,212 2005 1.155 1.241 40,479 2004 1.000 1.155 6,678 FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.188 1.411 -- 2005 1.119 1.188 5,883 2004 1.000 1.119 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.062 1.083 -- 2005 1.075 1.062 -- 2004 1.000 1.075 --
288 PORTFOLIO ARCHITECT L -- 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) (3/02)............................................. 2006 1.121 1.154 -- 2005 1.067 1.121 -- 2004 1.000 1.067 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.179 1.400 -- 2006 1.137 1.179 -- 2005 1.038 1.137 -- 2004 1.000 1.038 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.203 1.428 -- 2006 1.144 1.203 -- 2005 1.052 1.144 -- 2004 1.000 1.052 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.286 1.372 -- 2006 1.118 1.286 -- 2005 1.086 1.118 -- 2004 1.000 1.086 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.141 1.271 -- 2005 1.125 1.141 -- 2004 1.000 1.125 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.271 1.218 5,113 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.236 1.271 2,752 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.220 1.249 -- 2006 1.087 1.220 -- 2005 1.069 1.087 -- 2004 1.000 1.069 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.277 1.215 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.293 1.310 -- 2006 1.121 1.293 -- 2005 1.079 1.121 -- 2004 1.000 1.079 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.069 1.064 --
289 PORTFOLIO ARCHITECT L -- 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 Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.311 1.407 -- 2006 1.192 1.311 -- 2005 1.165 1.192 -- 2004 1.000 1.165 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.149 1.243 -- 2006 1.094 1.149 -- 2005 1.074 1.094 -- 2004 1.000 1.074 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.011 0.999 -- 2006 0.995 1.011 -- 2005 0.997 0.995 49,181 2004 1.000 0.997 7,699 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.235 1.292 -- 2006 1.072 1.235 -- 2005 1.056 1.072 -- 2004 1.000 1.056 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.033 1.073 -- 2006 1.016 1.033 -- 2005 0.990 1.016 -- 2004 1.000 0.990 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.223 1.263 -- 2006 1.129 1.223 -- 2005 1.053 1.129 -- 2004 1.000 1.053 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.180 1.229 -- 2006 1.076 1.180 -- 2005 1.064 1.076 -- 2004 1.000 1.064 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.266 1.311 -- 2006 1.106 1.266 30,295 2005 1.099 1.106 30,282 2004 1.000 1.099 --
290 PORTFOLIO ARCHITECT L -- 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 1.340 1.473 -- 2006 1.224 1.340 31,506 2005 1.160 1.224 30,129 2004 1.000 1.160 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.084 1.116 -- 2005 1.071 1.084 -- 2004 1.000 1.071 -- Met Investors Series Trust MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.264 1.307 -- 2006 1.335 1.264 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.154 1.157 -- 2006 1.102 1.154 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.368 1.430 -- 2006 1.299 1.368 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.418 1.420 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.338 1.292 4,577 2006 1.263 1.338 4,577 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.533 1.482 -- 2006 1.400 1.533 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.354 1.723 -- 2006 1.329 1.354 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.236 1.088 1,446 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.172 1.215 -- 2006 1.116 1.172 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.129 1.176 -- 2006 1.083 1.129 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.071 1.086 -- 2006 1.001 1.071 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.065 1.045 39,648 2006 1.002 1.065 --
291 PORTFOLIO ARCHITECT L -- 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 Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.165 1.272 27,679 2006 1.187 1.165 27,679 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.256 1.364 -- 2006 1.273 1.256 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.695 1.769 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.383 1.452 77,868 2006 1.259 1.383 77,868 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.213 1.008 -- 2006 1.003 1.213 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.065 1.121 2,845 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.277 1.307 -- 2006 1.195 1.277 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.135 1.250 -- 2006 1.085 1.135 1,447 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.156 1.203 16,999 2006 1.123 1.156 17,005 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.967 21,389 2006 1.003 1.023 21,396 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.104 1.296 -- 2006 1.137 1.104 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.042 1.081 -- 2006 1.009 1.042 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.019 1.044 109,702 2006 1.003 1.019 196,708 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.150 1.165 18,618 2006 1.141 1.150 18,618 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.199 1.217 -- 2006 1.176 1.199 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.061 -- 2006 1.002 1.054 --
292 PORTFOLIO ARCHITECT L -- 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 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 41,465 2006 1.002 1.048 41,465 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 1.202 1.221 4,638 2006 1.132 1.202 4,638 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.045 1.083 11,217 2006 0.996 1.045 11,217 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 1.144 1.184 -- 2006 1.083 1.144 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.078 1.099 -- 2006 1.048 1.078 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.997 1.003 -- 2005 0.993 0.997 -- 2004 1.000 0.993 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.095 1.303 -- 2005 1.062 1.095 -- 2004 1.000 1.062 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.043 1.061 -- 2006 1.062 1.043 2,847 2005 1.067 1.062 2,849 2004 1.000 1.067 --
293 PORTFOLIO ARCHITECT L -- 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 -------------- ---- ------------- ------------- --------------- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.056 1.120 2,897 2006 1.043 1.056 2,900 2005 1.043 1.043 2,902 2004 1.000 1.043 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.579 1.704 -- 2006 1.267 1.579 -- 2005 1.158 1.267 -- 2004 1.000 1.158 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.424 1.516 -- 2006 1.244 1.424 -- 2005 1.192 1.244 -- 2004 1.000 1.192 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.118 1.187 -- 2005 1.054 1.118 27,665 2004 1.000 1.054 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.019 1.083 -- 2005 1.042 1.019 -- 2004 1.000 1.042 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.226 1.335 -- 2005 1.118 1.226 -- 2004 1.000 1.118 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.122 1.176 -- 2005 1.101 1.122 -- 2004 1.000 1.101 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.078 1.102 -- 2005 1.077 1.078 -- 2004 1.000 1.077 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.108 1.144 -- 2005 1.078 1.108 -- 2004 1.000 1.078 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.111 1.141 -- 2005 1.048 1.111 3,154 2004 1.000 1.048 --
294 PORTFOLIO ARCHITECT L -- 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 Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.103 1.170 -- 2005 1.000 1.103 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.016 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.083 -- 2005 1.007 1.049 38,334 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.081 1.125 -- 2005 1.000 1.081 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.026 1.043 -- 2005 1.000 1.026 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.227 1.299 -- 2005 1.123 1.227 -- 2004 1.000 1.123 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.078 1.137 -- 2005 1.073 1.078 -- 2004 1.000 1.073 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.099 1.132 -- 2005 1.095 1.099 3,113 2004 1.000 1.095 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.169 1.259 -- 2005 1.125 1.169 73,594 2004 1.000 1.125 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.222 1.400 -- 2005 1.144 1.222 -- 2004 1.000 1.144 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.129 1.195 -- 2005 1.092 1.129 -- 2004 1.000 1.092 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.085 -- 2005 1.035 1.034 1,448
295 PORTFOLIO ARCHITECT L -- 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 Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.115 1.123 -- 2005 1.103 1.115 14,747 2004 1.000 1.103 -- Travelers Quality Bond Subaccount (3/02)........... 2006 1.022 1.009 -- 2005 1.031 1.022 -- 2004 1.000 1.031 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.092 1.136 -- 2005 1.097 1.092 9,511 2004 1.000 1.097 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.273 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.105 1.263 -- 2005 1.000 1.105 3,127 Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.090 1.048 -- 2005 1.072 1.090 -- 2004 1.000 1.072 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.299 1.237 -- 2006 1.148 1.299 -- 2005 1.130 1.148 -- 2004 1.000 1.130 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.136 1.246 -- 2006 1.091 1.136 -- 2005 1.037 1.091 -- 2004 1.000 1.037 --
PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55%
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) (2/00)................................... 2006 1.184 1.146 -- 2005 1.057 1.184 -- 2004 1.000 1.057 --
296 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (2/00)............................................. 2007 1.452 1.625 14,393 2006 1.237 1.452 14,393 2005 1.112 1.237 13,476 2004 1.000 1.112 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.320 1.446 404,513 2006 1.229 1.320 389,169 2005 1.085 1.229 299,256 2004 1.000 1.085 33,273 American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.233 1.262 406,892 2006 1.097 1.233 386,348 2005 1.064 1.097 325,048 2004 1.000 1.064 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.346 1.328 -- 2005 1.168 1.346 -- 2004 1.000 1.168 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.344 1.738 -- 2005 1.286 1.344 13,433 2004 1.000 1.286 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.180 1.232 -- 2006 1.039 1.180 -- 2005 1.021 1.039 -- 2004 1.000 1.021 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.140 0.988 -- 2006 1.127 1.140 -- 2005 1.092 1.127 -- 2004 1.000 1.092 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.198 1.299 -- 2005 1.116 1.198 1,287 2004 1.000 1.116 --
297 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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 1.200 1.334 -- 2005 1.118 1.200 89,941 2004 1.000 1.118 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.366 1.562 87,895 2006 1.258 1.366 88,123 2005 1.106 1.258 85,343 2004 1.000 1.106 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.356 1.411 -- 2006 1.222 1.356 -- 2005 1.039 1.222 -- 2004 1.000 1.039 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.546 1.737 120,046 2006 1.410 1.546 118,656 2005 1.226 1.410 117,119 2004 1.000 1.226 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.184 1.367 -- 2005 1.099 1.184 50,654 2004 1.000 1.099 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.955 2.454 13,853 2006 1.566 1.955 -- 2005 1.260 1.566 -- 2004 1.000 1.260 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.468 1.653 40,294 2006 1.240 1.468 43,616 2005 1.155 1.240 30,423 2004 1.000 1.155 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.187 1.409 -- 2005 1.118 1.187 83,827 2004 1.000 1.118 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.061 1.082 -- 2005 1.075 1.061 7,106 2004 1.000 1.075 --
298 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (3/02)............................................. 2006 1.120 1.153 -- 2005 1.067 1.120 -- 2004 1.000 1.067 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.178 1.397 -- 2006 1.136 1.178 -- 2005 1.038 1.136 -- 2004 1.000 1.038 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.202 1.426 -- 2006 1.143 1.202 -- 2005 1.051 1.143 -- 2004 1.000 1.051 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.285 1.370 -- 2006 1.117 1.285 -- 2005 1.086 1.117 -- 2004 1.000 1.086 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.140 1.269 -- 2005 1.125 1.140 3,786 2004 1.000 1.125 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.269 1.216 38,527 LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.234 1.269 49,687 LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.219 1.247 -- 2006 1.086 1.219 -- 2005 1.069 1.086 -- 2004 1.000 1.069 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.275 1.213 723 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.291 1.308 15,002 2006 1.120 1.291 15,002 2005 1.078 1.120 15,002 2004 1.000 1.078 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.067 1.062 12,920
299 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (3/00)............................................. 2007 1.309 1.404 2,877 2006 1.191 1.309 -- 2005 1.165 1.191 -- 2004 1.000 1.165 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.148 1.241 -- 2006 1.093 1.148 -- 2005 1.074 1.093 -- 2004 1.000 1.074 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.009 0.997 726 2006 0.995 1.009 728 2005 0.997 0.995 731 2004 1.000 0.997 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.233 1.290 -- 2006 1.071 1.233 -- 2005 1.056 1.071 -- 2004 1.000 1.056 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.031 1.071 -- 2006 1.015 1.031 -- 2005 0.990 1.015 -- 2004 1.000 0.990 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.222 1.261 -- 2006 1.128 1.222 28,805 2005 1.053 1.128 29,935 2004 1.000 1.053 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.178 1.227 -- 2006 1.075 1.178 -- 2005 1.064 1.075 -- 2004 1.000 1.064 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.264 1.310 -- 2006 1.106 1.264 21,522 2005 1.098 1.106 21,268 2004 1.000 1.098 --
300 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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 1.338 1.470 -- 2006 1.223 1.338 89,182 2005 1.159 1.223 84,335 2004 1.000 1.159 -- 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 1.262 1.305 -- 2006 1.334 1.262 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.153 1.155 7,451 2006 1.101 1.153 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.366 1.428 -- 2006 1.298 1.366 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.416 1.418 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.337 1.291 722 2006 1.263 1.337 725 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.531 1.480 -- 2006 1.398 1.531 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.353 1.720 17,970 2006 1.328 1.353 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.234 1.087 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.171 1.213 -- 2006 1.115 1.171 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.127 1.174 -- 2006 1.082 1.127 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.071 1.085 69,200 2006 1.001 1.071 44,716 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.065 1.044 112,039 2006 1.002 1.065 --
301 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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 Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.164 1.269 -- 2006 1.185 1.164 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.255 1.363 -- 2006 1.272 1.255 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.693 1.766 19,783 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.381 1.449 39,490 2006 1.258 1.381 19,879 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.212 1.007 15,382 2006 1.003 1.212 15,382 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.064 1.119 288,096 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.275 1.305 -- 2006 1.193 1.275 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.134 1.248 -- 2006 1.085 1.134 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.155 1.200 252,291 2006 1.122 1.155 255,887 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.022 0.966 240,105 2006 1.003 1.022 239,180 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.102 1.294 -- 2006 1.136 1.102 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.041 1.079 -- 2006 1.009 1.041 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 1.018 1.042 142,532 2006 1.002 1.018 92,708 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.148 1.163 3,342 2006 1.140 1.148 3,342 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.197 1.215 5,624 2006 1.174 1.197 5,624 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.060 -- 2006 1.002 1.054 --
302 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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 Allocation Subaccount (Class B) (4/06)................................... 2007 1.036 1.066 -- 2006 1.001 1.036 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.043 1.065 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.048 1.066 -- 2006 1.002 1.048 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.065 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.201 1.219 193,805 2006 1.131 1.201 194,812 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.044 1.082 115,475 2006 0.996 1.044 115,370 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.062 1.130 -- 2006 0.998 1.062 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.142 1.182 -- 2006 1.082 1.142 7,751 MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.077 1.097 -- 2006 1.047 1.077 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.996 1.002 -- 2005 0.993 0.996 39,858 2004 1.000 0.993 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.094 1.302 -- 2005 1.062 1.094 -- 2004 1.000 1.062 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.042 1.059 -- 2006 1.061 1.042 284,449 2005 1.066 1.061 234,345 2004 1.000 1.066 --
303 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (5/01)...................................... 2007 1.055 1.118 328,819 2006 1.042 1.055 374,477 2005 1.043 1.042 357,636 2004 1.000 1.043 56,684 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.577 1.702 -- 2006 1.266 1.577 -- 2005 1.158 1.266 -- 2004 1.000 1.158 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.422 1.514 -- 2006 1.243 1.422 2,758 2005 1.192 1.243 2,876 2004 1.000 1.192 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.117 1.185 -- 2005 1.053 1.117 -- 2004 1.000 1.053 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.019 1.082 -- 2005 1.041 1.019 -- 2004 1.000 1.041 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.225 1.334 -- 2005 1.118 1.225 -- 2004 1.000 1.118 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.121 1.174 -- 2005 1.101 1.121 18,454 2004 1.000 1.101 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.077 1.101 -- 2005 1.077 1.077 -- 2004 1.000 1.077 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.107 1.143 -- 2005 1.078 1.107 -- 2004 1.000 1.078 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.110 1.140 -- 2005 1.047 1.110 -- 2004 1.000 1.047 --
304 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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: Aggressive Subaccount (5/05).................................. 2006 1.103 1.169 -- 2005 1.000 1.103 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.015 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.083 -- 2005 1.007 1.049 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.081 1.124 -- 2005 1.000 1.081 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.026 1.043 -- 2005 1.000 1.026 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.227 1.298 -- 2005 1.123 1.227 -- 2004 1.000 1.123 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.077 1.136 -- 2005 1.072 1.077 -- 2004 1.000 1.072 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.099 1.131 -- 2005 1.095 1.099 186,486 2004 1.000 1.095 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.168 1.258 -- 2005 1.125 1.168 27,601 2004 1.000 1.125 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.221 1.398 -- 2005 1.144 1.221 -- 2004 1.000 1.144 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.128 1.193 -- 2005 1.092 1.128 -- 2004 1.000 1.092 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.085 -- 2005 1.035 1.034 --
305 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.55% (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 1.114 1.122 -- 2005 1.103 1.114 159,981 2004 1.000 1.103 -- Travelers Quality Bond Subaccount (3/02)........... 2006 1.021 1.009 -- 2005 1.031 1.021 -- 2004 1.000 1.031 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.091 1.135 -- 2005 1.097 1.091 2,635 2004 1.000 1.097 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.272 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.104 1.263 -- 2005 1.000 1.104 728 Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.090 1.047 -- 2005 1.071 1.090 -- 2004 1.000 1.071 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.297 1.235 -- 2006 1.147 1.297 -- 2005 1.130 1.147 -- 2004 1.000 1.130 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.135 1.244 -- 2006 1.090 1.135 -- 2005 1.036 1.090 -- 2004 1.000 1.036 --
PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65%
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) (2/00)................................... 2006 1.287 1.245 -- 2005 1.151 1.287 -- 2004 1.090 1.151 -- 2003 1.000 1.090 --
306 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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) (2/00)............................................. 2007 1.706 1.908 21,588 2006 1.455 1.706 21,588 2005 1.309 1.455 21,588 2004 1.185 1.309 21,588 2003 1.000 1.185 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.526 1.669 63,633 2006 1.421 1.526 64,528 2005 1.256 1.421 63,288 2004 1.146 1.256 57,073 2003 1.000 1.146 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.422 1.455 60,452 2006 1.268 1.422 60,619 2005 1.230 1.268 59,712 2004 1.144 1.230 54,720 2003 1.000 1.144 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.531 1.509 -- 2005 1.330 1.531 -- 2004 1.142 1.330 -- 2003 1.000 1.142 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.523 1.967 -- 2005 1.459 1.523 -- 2004 1.140 1.459 -- 2003 1.000 1.140 -- Dreyfus Variable Investment Fund Dreyfus VIF Appreciation Subaccount (Initial Shares) (3/02)..................................... 2007 1.309 1.365 -- 2006 1.154 1.309 -- 2005 1.135 1.154 -- 2004 1.110 1.135 -- 2003 1.000 1.110 -- Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (3/02)..................................... 2007 1.294 1.120 -- 2006 1.280 1.294 -- 2005 1.242 1.280 -- 2004 1.146 1.242 -- 2003 1.000 1.146 --
307 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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 1.280 1.388 -- 2005 1.193 1.280 913 2004 1.073 1.193 915 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.278 1.419 -- 2005 1.191 1.278 928 2004 1.066 1.191 931 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class 2) (3/02)............................................. 2007 1.574 1.798 18,442 2006 1.450 1.574 18,442 2005 1.276 1.450 13,521 2004 1.138 1.276 1,038 2003 1.000 1.138 -- VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (3/02)........................... 2007 1.417 1.473 -- 2006 1.279 1.417 -- 2005 1.088 1.279 -- 2004 1.103 1.088 -- 2003 1.000 1.103 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.826 2.051 777 2006 1.668 1.826 779 2005 1.451 1.668 781 2004 1.195 1.451 783 2003 1.000 1.195 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.317 1.518 -- 2005 1.223 1.317 3,800 2004 1.115 1.223 1,080 2003 1.000 1.115 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.369 2.971 -- 2006 1.899 2.369 -- 2005 1.530 1.899 -- 2004 1.260 1.530 -- 2003 1.000 1.260 --
308 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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) (2/00)................................... 2007 1.718 1.932 37,773 2006 1.453 1.718 34,073 2005 1.354 1.453 41,581 2004 1.173 1.354 39,024 2003 1.000 1.173 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.388 1.647 -- 2005 1.309 1.388 3,565 2004 1.159 1.309 1,018 2003 1.000 1.159 -- High Yield Bond Trust High Yield Bond Trust (5/04)....................... 2006 1.047 1.067 -- 2005 1.061 1.047 -- 2004 1.000 1.061 -- Janus Aspen Series Janus Aspen Balanced Subaccount (Service Shares) (3/02)............................................. 2006 1.188 1.223 -- 2005 1.133 1.188 -- 2004 1.074 1.133 -- 2003 1.000 1.074 -- Janus Aspen Global Life Sciences Subaccount (Service Shares) (3/02)............................ 2007 1.404 1.664 -- 2006 1.356 1.404 -- 2005 1.240 1.356 -- 2004 1.114 1.240 -- 2003 1.000 1.114 -- Janus Aspen Global Technology Subaccount (Service Shares) (3/02)..................................... 2007 1.337 1.584 -- 2006 1.273 1.337 -- 2005 1.172 1.273 -- 2004 1.197 1.172 -- 2003 1.000 1.197 -- Janus Aspen Worldwide Growth Subaccount (Service Shares) (3/02)..................................... 2007 1.369 1.458 -- 2006 1.192 1.369 -- 2005 1.159 1.192 -- 2004 1.139 1.159 -- 2003 1.000 1.139 --
309 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.326 1.475 -- 2005 1.310 1.326 7,956 2004 1.170 1.310 5,248 2003 1.000 1.170 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (4/07)............................................. 2007 1.443 1.382 -- LMPVET Appreciation Subaccount (Class I) (4/07).... 2007 1.380 1.419 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.378 1.407 -- 2006 1.229 1.378 -- 2005 1.210 1.229 -- 2004 1.127 1.210 -- 2003 1.000 1.127 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.479 1.407 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.470 1.487 -- 2006 1.276 1.470 -- 2005 1.230 1.276 -- 2004 1.144 1.230 -- 2003 1.000 1.144 -- LMPVET Large Cap Growth Subaccount (Class I) (4/07)............................................. 2007 1.227 1.220 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.552 1.662 -- 2006 1.413 1.552 -- 2005 1.383 1.413 -- 2004 1.234 1.383 -- 2003 1.000 1.234 -- LMPVET Social Awareness Subaccount (5/04).......... 2007 1.145 1.237 -- 2006 1.092 1.145 -- 2005 1.074 1.092 -- 2004 1.000 1.074 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.991 0.979 -- 2006 0.978 0.991 -- 2005 0.981 0.978 -- 2004 0.996 0.981 -- 2003 1.000 0.996 --
310 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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) (6/00)......... 2007 1.435 1.501 -- 2006 1.248 1.435 -- 2005 1.231 1.248 -- 2004 1.167 1.231 -- 2003 1.000 1.167 -- LMPVPI Large Cap Growth Subaccount (Class I) (5/02)............................................. 2007 1.181 1.226 -- 2006 1.163 1.181 -- 2005 1.135 1.163 -- 2004 1.160 1.135 -- 2003 1.000 1.160 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class I) (5/02)............................................. 2007 1.405 1.450 -- 2006 1.299 1.405 -- 2005 1.214 1.299 -- 2004 1.142 1.214 -- 2003 1.000 1.142 -- LMPVPII Growth and Income Subaccount (Class I) (5/02)............................................. 2007 1.309 1.363 -- 2006 1.196 1.309 -- 2005 1.185 1.196 -- 2004 1.122 1.185 -- 2003 1.000 1.122 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.434 1.485 -- 2006 1.255 1.434 19,565 2005 1.248 1.255 13,946 2004 1.138 1.248 3,532 2003 1.000 1.138 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.605 1.763 -- 2006 1.468 1.605 9,573 2005 1.393 1.468 9,077 2004 1.153 1.393 5,112 2003 1.000 1.153 -- Managed Assets Trust Managed Assets Trust (5/04)........................ 2006 1.081 1.112 -- 2005 1.069 1.081 -- 2004 1.000 1.069 --
311 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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 Batterymarch Mid-Cap Stock Subaccount (Class A) (4/06).......................................... 2007 1.495 1.544 -- 2006 1.581 1.495 -- MIST BlackRock High Yield Subaccount (Class A) (4/06) *........................................... 2007 1.250 1.251 -- 2006 1.194 1.250 -- MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.490 1.557 -- 2006 1.417 1.490 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.544 1.544 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.335 1.287 -- 2006 1.261 1.335 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.741 1.681 -- 2006 1.591 1.741 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.536 1.952 -- 2006 1.509 1.536 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.232 1.084 -- MIST Legg Mason Partners Managed Assets Subaccount (Class A) (4/06)................................... 2007 1.167 1.208 -- 2006 1.112 1.167 -- MIST Lord Abbett Bond Debenture Subaccount (Class A) (4/06).......................................... 2007 1.231 1.281 -- 2006 1.183 1.231 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06) *................................. 2007 1.070 1.083 31,489 2006 1.001 1.070 5,330 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.064 1.043 14,752 2006 1.002 1.064 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.297 1.413 -- 2006 1.322 1.297 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.253 1.359 -- 2006 1.271 1.253 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.944 2.027 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.364 1.429 -- 2006 1.243 1.364 --
312 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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 Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.212 1.005 -- 2006 1.003 1.212 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.101 1.158 8,327 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.418 1.450 -- 2006 1.328 1.418 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.133 1.246 -- 2006 1.084 1.133 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.136 1.179 4,248 2006 1.104 1.136 4,248 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.022 0.965 15,139 2006 1.003 1.022 13,839 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.287 1.510 -- 2006 1.328 1.287 -- MSF BlackRock Bond Income Subaccount (Class A) (4/06)............................................. 2007 1.036 1.073 -- 2006 1.005 1.036 -- MSF BlackRock Money Market Subaccount (Class A) (4/06)............................................. 2007 0.998 1.021 36,250 2006 0.983 0.998 38,077 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.272 1.288 16,905 2006 1.264 1.272 16,813 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.312 1.330 16,525 2006 1.288 1.312 16,525 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.053 1.059 -- 2006 1.002 1.053 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.035 1.064 -- 2006 1.001 1.035 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.042 1.063 -- 2006 1.002 1.042 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.047 1.064 -- 2006 1.002 1.047 --
313 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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 to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.052 1.064 -- 2006 1.002 1.052 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.279 1.297 -- 2006 1.205 1.279 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.044 1.080 6,647 2006 0.996 1.044 6,650 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.061 1.128 -- 2006 0.998 1.061 -- MSF Western Asset Management High Yield Bond Subaccount (Class A) (4/06)........................ 2007 1.125 1.164 -- 2006 1.067 1.125 -- MSF Western Asset Management U.S. Government Subaccount (Class A) (4/06) *...................... 2007 1.047 1.065 -- 2006 1.019 1.047 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.978 0.983 -- 2005 0.976 0.978 40,712 2004 0.992 0.976 35,314 2003 1.000 0.992 -- Oppenheimer Variable Account Funds Oppenheimer Main Street/VA Subaccount ( Service Shares) (5/04)..................................... 2006 1.097 1.304 -- 2005 1.065 1.097 -- 2004 1.000 1.065 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.079 1.097 -- 2006 1.100 1.079 8,327 2005 1.107 1.100 8,327 2004 1.043 1.107 2,323 2003 1.000 1.043 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.053 1.116 8,800 2006 1.042 1.053 8,800 2005 1.044 1.042 8,800 2004 1.022 1.044 2,447 2003 1.000 1.022 --
314 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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) (5/01)......................................... 2007 1.811 1.954 -- 2006 1.456 1.811 -- 2005 1.333 1.456 -- 2004 1.178 1.333 -- 2003 1.000 1.178 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.806 1.921 -- 2006 1.581 1.806 -- 2005 1.516 1.581 -- 2004 1.233 1.516 -- 2003 1.000 1.233 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.246 1.322 -- 2005 1.176 1.246 -- 2004 1.134 1.176 -- 2003 1.000 1.134 -- Travelers Convertible Securities Subaccount (3/02)............................................. 2006 1.114 1.183 -- 2005 1.140 1.114 -- 2004 1.101 1.140 -- 2003 1.000 1.101 -- Travelers Disciplined Mid Cap Stock Subaccount (3/02)............................................. 2006 1.452 1.581 -- 2005 1.326 1.452 -- 2004 1.170 1.326 -- 2003 1.000 1.170 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.230 1.288 -- 2005 1.209 1.230 10,684 2004 1.130 1.209 -- 2003 1.000 1.130 -- Travelers Federated High Yield Subaccount (3/02)... 2006 1.169 1.194 -- 2005 1.170 1.169 -- 2004 1.088 1.170 -- 2003 1.000 1.088 -- Travelers Federated Stock Subaccount (3/02)........ 2006 1.263 1.303 -- 2005 1.231 1.263 -- 2004 1.144 1.231 -- 2003 1.000 1.144 --
315 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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 (6/00).............. 2006 1.231 1.264 -- 2005 1.163 1.231 14,476 2004 1.121 1.163 9,804 2003 1.000 1.121 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.102 1.168 -- 2005 1.000 1.102 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.014 1.014 -- 2005 1.006 1.014 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.048 1.082 -- 2005 1.007 1.048 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.080 1.123 -- 2005 1.000 1.080 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.025 1.042 -- 2005 1.000 1.025 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.339 1.417 -- 2005 1.227 1.339 -- 2004 1.087 1.227 -- 2003 1.000 1.087 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.259 1.328 -- 2005 1.255 1.259 -- 2004 1.129 1.255 -- 2003 1.000 1.129 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.171 1.205 -- 2005 1.168 1.171 -- 2004 1.076 1.168 -- 2003 1.000 1.076 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.154 1.243 -- 2005 1.113 1.154 -- 2004 1.000 1.113 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.390 1.591 -- 2005 1.303 1.390 -- 2004 1.156 1.303 -- 2003 1.000 1.156 --
316 PORTFOLIO ARCHITECT L -- SEPARATE ACCOUNT CHARGES 2.65% (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 1.256 1.328 -- 2005 1.217 1.256 -- 2004 1.124 1.217 -- 2003 1.000 1.124 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.033 1.084 -- 2005 1.035 1.033 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.097 1.104 -- 2005 1.087 1.097 4,248 2004 1.000 1.087 1,191 Travelers Quality Bond Subaccount (3/02)........... 2006 1.017 1.005 -- 2005 1.028 1.017 -- 2004 1.022 1.028 -- 2003 1.000 1.022 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.188 1.236 -- 2005 1.196 1.188 -- 2004 1.114 1.196 -- 2003 1.000 1.114 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.108 1.271 -- 2005 1.026 1.108 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.103 1.261 -- 2005 1.000 1.103 -- Travelers U.S. Government Securities Subaccount (5/04)............................................. 2006 1.061 1.019 -- 2005 1.044 1.061 -- 2004 1.000 1.044 -- Van Kampen Life Investment Trust Van Kampen LIT Comstock Subaccount (Class II) (3/02)............................................. 2007 1.486 1.413 -- 2006 1.314 1.486 -- 2005 1.296 1.314 -- 2004 1.134 1.296 -- 2003 1.000 1.134 -- Van Kampen LIT Enterprise Subaccount (Class II) (3/02)............................................. 2007 1.248 1.367 -- 2006 1.200 1.248 -- 2005 1.142 1.200 -- 2004 1.130 1.142 -- 2003 1.000 1.130 --
* 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. 317 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. 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. 318 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. 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. 319 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. 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 replaced by 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. 320 CONDENSED FINANCIAL INFORMATION -- VINTAGE L -------------------------------------------------------------------------------- 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 L -- 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) (5/02)................................... 2006 1.391 1.452 -- 2005 1.356 1.391 12,305 2004 1.244 1.356 7,914 2003 0.960 1.244 -- 2002 1.000 0.960 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.370 1.334 -- 2005 1.217 1.370 -- 2004 1.146 1.217 -- 2003 0.948 1.146 -- 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.917 2.158 128,532 2006 1.624 1.917 130,979 2005 1.452 1.624 63,624 2004 1.305 1.452 16,089 2003 0.984 1.305 -- 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.748 1.925 348,716 2006 1.618 1.748 347,831 2005 1.420 1.618 258,891 2004 1.288 1.420 59,168 2003 0.961 1.288 2,719 2002 1.000 0.961 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.598 1.645 301,462 2006 1.415 1.598 316,239 2005 1.364 1.415 229,631 2004 1.261 1.364 71,798 2003 0.971 1.261 16,467 2002 1.000 0.971 --
321 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.610 1.591 -- 2005 1.389 1.610 -- 2004 1.186 1.389 -- 2003 0.968 1.186 -- 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.787 2.323 -- 2005 1.701 1.787 705 2004 1.321 1.701 -- 2003 1.005 1.321 -- 2002 1.000 1.005 -- 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 34,696 2004 1.067 1.200 9,982 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.767 2.035 58,946 2006 1.615 1.767 43,292 2005 1.410 1.615 26,380 2004 1.247 1.410 2,113 2003 0.991 1.247 -- 2002 1.000 0.991 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.082 2.353 71,332 2006 1.889 2.082 63,186 2005 1.633 1.889 48,261 2004 1.336 1.633 8,965 2003 0.986 1.336 536 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.195 1.215 261,052 2006 1.031 1.195 245,912 2005 1.000 1.031 77,214
322 VINTAGE L -- 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 Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.558 1.699 -- 2006 1.463 1.558 -- 2005 1.424 1.463 -- 2004 1.303 1.424 -- 2003 0.969 1.303 -- 2002 1.000 0.969 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.459 1.693 -- 2005 1.347 1.459 76,699 2004 1.220 1.347 10,810 2003 0.994 1.220 -- 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.765 3.490 31,441 2006 2.202 2.765 32,985 2005 1.763 2.202 19,456 2004 1.442 1.763 1,778 2003 1.000 1.442 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.914 2.166 29,682 2006 1.608 1.914 51,421 2005 1.489 1.608 45,342 2004 1.281 1.489 29,054 2003 0.989 1.281 24,859 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.535 1.833 -- 2005 1.438 1.535 17,765 2004 1.265 1.438 1,328 2003 0.976 1.265 -- 2002 1.000 0.976 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.870 2.231 -- 2006 1.684 1.870 -- 2005 1.533 1.684 -- 2004 1.298 1.533 -- 2003 0.983 1.298 -- 2002 1.000 0.983 --
323 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.527 1.708 -- 2005 1.498 1.527 9,646 2004 1.330 1.498 2,221 2003 1.000 1.330 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.397 1.485 -- 2006 1.328 1.397 -- 2005 1.274 1.328 -- 2004 1.263 1.274 -- 2003 0.960 1.263 -- 2002 1.000 0.960 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.577 1.569 70,452 2006 1.479 1.577 60,153 2005 1.351 1.479 44,546 2004 1.254 1.351 2,707 2003 0.951 1.254 -- 2002 1.000 0.951 -- LMPVET Appreciation Subaccount (Class I) (6/00).... 2007 1.463 1.555 85,806 2006 1.300 1.463 85,959 2005 1.272 1.300 86,807 2004 1.193 1.272 21,342 2003 0.977 1.193 -- 2002 1.000 0.977 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.465 1.461 -- LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.334 1.377 39,300 2006 1.231 1.334 140,539 2005 1.205 1.231 143,709 2004 1.171 1.205 146,527 2003 0.979 1.171 72,172 2002 1.000 0.979 -- LMPVET Capital Subaccount (10/02).................. 2007 1.500 1.497 104,018 2006 1.347 1.500 183,492 2005 1.305 1.347 238,315 2004 1.249 1.305 167,138 2003 0.969 1.249 152,451 2002 1.000 0.969 --
324 VINTAGE L -- 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 Dividend Strategy Subaccount (5/01)......... 2007 1.336 1.394 -- 2006 1.156 1.336 -- 2005 1.181 1.156 -- 2004 1.166 1.181 -- 2003 0.963 1.166 -- 2002 1.000 0.963 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.509 1.551 -- 2006 1.337 1.509 3,145 2005 1.308 1.337 3,148 2004 1.211 1.308 3,152 2003 0.967 1.211 -- 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.637 1.625 29,155 2006 1.430 1.637 29,077 2005 1.392 1.430 30,829 2004 1.312 1.392 15,869 2003 0.966 1.312 832 2002 1.000 0.966 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.582 1.627 216,483 2006 1.401 1.582 225,988 2005 1.341 1.401 222,692 2004 1.241 1.341 202,906 2003 0.963 1.241 -- 2002 1.000 0.963 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.628 1.658 1,089 2006 1.405 1.628 1,090 2005 1.345 1.405 1,091 2004 1.243 1.345 -- 2003 0.958 1.243 -- 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.424 1.469 10,561 2006 1.388 1.424 10,655 2005 1.346 1.388 10,438 2004 1.369 1.346 9,394 2003 0.946 1.369 -- 2002 1.000 0.946 --
325 VINTAGE L -- 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 Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.607 1.687 21,808 2006 1.428 1.607 24,478 2005 1.345 1.428 27,339 2004 1.242 1.345 14,742 2003 0.977 1.242 -- 2002 1.000 0.977 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.421 1.443 -- 2006 1.291 1.421 -- 2005 1.272 1.291 -- 2004 1.216 1.272 -- 2003 0.962 1.216 -- 2002 1.000 0.962 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.815 1.957 5,193 2006 1.642 1.815 5,333 2005 1.597 1.642 2,886 2004 1.415 1.597 1,205 2003 0.970 1.415 -- 2002 1.000 0.970 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.013 1.006 -- 2006 0.993 1.013 2,508 2005 0.989 0.993 2,511 2004 0.998 0.989 2,514 2003 1.000 0.998 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.202 1.202 -- 2006 1.164 1.202 2,313 2005 1.158 1.164 2,316 2004 1.106 1.158 2,319 2003 1.010 1.106 -- 2002 1.000 1.010 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.491 1.466 57,795 2006 1.371 1.491 60,536 2005 1.363 1.371 62,996 2004 1.259 1.363 40,792 2003 1.007 1.259 -- 2002 1.000 1.007 --
326 VINTAGE L -- 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 Money Market Subaccount (2/00).............. 2007 1.008 1.037 47,335 2006 0.983 1.008 47,337 2005 0.975 0.983 48,266 2004 0.986 0.975 27,896 2003 1.000 0.986 -- 2002 1.000 1.000 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.749 1.864 -- 2006 1.580 1.749 -- 2005 1.537 1.580 -- 2004 1.356 1.537 -- 2003 0.974 1.356 -- 2002 1.000 0.974 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.640 1.718 -- 2006 1.417 1.640 -- 2005 1.389 1.417 -- 2004 1.308 1.389 -- 2003 0.960 1.308 -- 2002 1.000 0.960 -- 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 4,946 2005 1.369 1.385 4,107 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 40,715 2005 1.525 1.618 35,837 2004 1.255 1.525 6,621 2003 1.000 1.255 574 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.615 1.691 -- 2006 1.529 1.615 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.677 1.685 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.349 1.310 3,355 2006 1.269 1.349 3,355
327 VINTAGE L -- 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 Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.938 1.884 8,331 2006 1.764 1.938 8,333 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.626 2.080 10,814 2006 1.591 1.626 3,406 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.247 1.102 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.073 1.091 232,321 2006 1.001 1.073 208,147 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.069 1.054 83,094 2006 1.002 1.069 8,374 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.429 1.567 -- 2006 1.450 1.429 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.266 1.382 -- 2006 1.279 1.266 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.113 2.213 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.387 1.464 34,725 2006 1.259 1.387 29,407 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.217 1.016 1,348 2006 1.003 1.217 6,509 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.126 1.189 138,068 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.559 1.604 -- 2006 1.453 1.559 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.144 1.262 -- 2006 1.090 1.144 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.156 1.208 96,041 2006 1.119 1.156 100,478 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.026 0.975 107,539 2006 1.003 1.026 66,574 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.521 1.795 3,033 2006 1.562 1.521 10,409
328 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.106 1.150 35,891 2006 1.068 1.106 38,259 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.360 1.332 -- 2006 1.327 1.360 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.367 1.393 3,521 2006 1.352 1.367 3,521 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.459 1.489 933 2006 1.426 1.459 935 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.057 1.070 27,688 2006 1.002 1.057 27,716 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.040 1.076 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.046 1.075 -- 2006 1.002 1.046 -- 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 1.075 241,056 2006 1.002 1.057 220,196 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.365 1.393 72,417 2006 1.280 1.365 77,028 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.048 1.092 104,397 2006 0.996 1.048 84,318 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.140 -- 2006 0.998 1.066 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.101 1.121 -- 2006 1.115 1.101 116,978 2005 1.114 1.115 151,970 2004 1.044 1.114 61,268 2003 1.000 1.044 29,542
329 VINTAGE L -- 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 VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.095 1.167 203,440 2006 1.076 1.095 177,810 2005 1.071 1.076 174,968 2004 1.042 1.071 31,435 2003 1.012 1.042 14,239 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.965 2.124 -- 2006 1.569 1.965 -- 2005 1.427 1.569 -- 2004 1.253 1.427 -- 2003 0.994 1.253 -- 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.138 2.280 -- 2006 1.860 2.138 16,952 2005 1.773 1.860 14,298 2004 1.433 1.773 -- 2003 0.977 1.433 -- 2002 1.000 0.977 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.364 1.450 -- 2005 1.279 1.364 -- 2004 1.226 1.279 -- 2003 0.967 1.226 -- 2002 1.000 0.967 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.359 1.426 -- 2005 1.327 1.359 938 2004 1.232 1.327 -- 2003 0.958 1.232 -- 2002 1.000 0.958 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.314 1.352 -- 2005 1.233 1.314 3,521 2004 1.181 1.233 3,521 2003 0.967 1.181 616 2002 1.000 0.967 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.107 1.175 -- 2005 1.000 1.107 23,645
330 VINTAGE L -- 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 (7/05).................................. 2006 1.018 1.021 -- 2005 1.007 1.018 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.052 1.088 -- 2005 1.008 1.052 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.085 1.130 -- 2005 1.000 1.085 11,903 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.029 1.048 -- 2005 1.000 1.029 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.080 1.068 -- 2005 1.087 1.080 39,938 2004 1.078 1.087 22,533 2003 1.014 1.078 1,913 2002 1.000 1.014 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.442 1.529 -- 2005 1.313 1.442 -- 2004 1.156 1.313 -- 2003 0.973 1.156 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.478 1.562 -- 2005 1.463 1.478 3,169 2004 1.308 1.463 -- 2003 0.974 1.308 -- 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.242 1.280 -- 2005 1.230 1.242 54,528 2004 1.126 1.230 3,680 2003 0.986 1.126 635 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.166 1.259 -- 2005 1.118 1.166 27,311 2004 1.000 1.118 --
331 VINTAGE L -- 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 Mondrian International Stock Subaccount (3/02)............................................. 2006 1.537 1.764 -- 2005 1.432 1.537 8,336 2004 1.262 1.432 -- 2003 1.001 1.262 -- 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.372 1.453 -- 2005 1.320 1.372 -- 2004 1.212 1.320 -- 2003 1.000 1.212 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.037 1.090 -- 2005 1.036 1.037 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.109 1.119 -- 2005 1.091 1.109 93,381 2004 1.000 1.091 34,210 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.361 1.418 -- 2005 1.361 1.361 -- 2004 1.260 1.361 -- 2003 0.969 1.260 -- 2002 1.000 0.969 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.279 -- 2005 1.027 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.108 1.269 -- 2005 1.000 1.108 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.280 1.327 -- 2005 1.211 1.280 -- 2004 1.190 1.211 -- 2003 0.966 1.190 -- 2002 1.000 0.966 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.340 1.537 -- 2006 1.329 1.340 -- 2005 1.257 1.329 -- 2004 1.198 1.257 -- 2003 0.959 1.198 -- 2002 1.000 0.959 --
332 VINTAGE L -- 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) (5/02)................................... 2006 1.135 1.184 -- 2005 1.107 1.135 -- 2004 1.016 1.107 -- 2003 0.785 1.016 -- 2002 1.000 0.785 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.156 1.126 -- 2005 1.028 1.156 2,023 2004 0.968 1.028 -- 2003 0.801 0.968 -- 2002 1.182 0.801 -- 2001 1.000 1.182 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.929 2.171 105,489 2006 1.635 1.929 108,164 2005 1.463 1.635 92,526 2004 1.316 1.463 45,727 2003 0.993 1.316 -- 2002 1.187 0.993 -- 2001 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.663 1.830 329,048 2006 1.540 1.663 354,787 2005 1.353 1.540 339,051 2004 1.227 1.353 224,757 2003 0.916 1.227 13,689 2002 1.237 0.916 -- 2001 1.000 1.237 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.501 1.544 175,280 2006 1.330 1.501 210,901 2005 1.282 1.330 210,374 2004 1.186 1.282 141,724 2003 0.914 1.186 88,389 2002 1.143 0.914 -- 2001 1.000 1.143 --
333 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.287 1.272 -- 2005 1.111 1.287 -- 2004 0.949 1.111 -- 2003 0.775 0.949 -- 2002 1.000 0.775 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.690 2.196 -- 2005 1.609 1.690 -- 2004 1.250 1.609 -- 2003 0.952 1.250 -- 2002 1.000 0.952 -- 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 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.294 1.440 -- 2005 1.199 1.294 6,383 2004 1.067 1.199 1,538 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.765 2.032 34,254 2006 1.614 1.765 28,681 2005 1.410 1.614 18,005 2004 1.248 1.410 13,584 2003 0.992 1.248 13,584 2002 1.118 0.992 -- 2001 1.000 1.118 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.796 2.030 56,119 2006 1.631 1.796 67,576 2005 1.411 1.631 89,979 2004 1.155 1.411 46,989 2003 0.853 1.155 -- 2002 1.000 0.853 --
334 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.194 1.214 67,894 2006 1.031 1.194 29,299 2005 1.000 1.031 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.376 1.500 83,923 2006 1.292 1.376 15,074 2005 1.259 1.292 13,854 2004 1.153 1.259 7,904 2003 0.857 1.153 -- 2002 1.227 0.857 -- 2001 1.000 1.227 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.233 1.430 -- 2005 1.138 1.233 113,725 2004 1.031 1.138 62,851 2003 0.841 1.031 -- 2002 1.000 0.841 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.760 3.482 44,429 2006 2.199 2.760 33,315 2005 1.761 2.199 34,370 2004 1.442 1.761 27,878 2003 1.000 1.442 4,181 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.747 1.976 101,188 2006 1.469 1.747 110,754 2005 1.361 1.469 98,761 2004 1.172 1.361 66,369 2003 0.904 1.172 10,166 2002 1.134 0.904 -- 2001 1.000 1.134 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.237 1.477 -- 2005 1.160 1.237 5,511 2004 1.020 1.160 1,140 2003 0.788 1.020 -- 2002 1.000 0.788 --
335 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.548 1.846 1,214 2006 1.394 1.548 -- 2005 1.270 1.394 -- 2004 1.076 1.270 -- 2003 0.815 1.076 -- 2002 1.158 0.815 -- 2001 1.000 1.158 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.525 1.705 -- 2005 1.497 1.525 11,493 2004 1.330 1.497 11,540 2003 1.000 1.330 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.247 1.326 -- 2006 1.186 1.247 -- 2005 1.139 1.186 -- 2004 1.130 1.139 -- 2003 0.859 1.130 -- 2002 1.197 0.859 -- 2001 1.000 1.197 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.324 1.317 118,365 2006 1.242 1.324 118,142 2005 1.136 1.242 149,332 2004 1.054 1.136 92,170 2003 0.800 1.054 -- 2002 1.212 0.800 -- 2001 1.000 1.212 -- LMPVET Appreciation Subaccount (Class I) (6/00).... 2007 1.372 1.458 116,226 2006 1.220 1.372 120,433 2005 1.194 1.220 119,527 2004 1.120 1.194 96,922 2003 0.918 1.120 -- 2002 1.136 0.918 -- 2001 1.000 1.136 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.622 1.618 50,212
336 VINTAGE L -- 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) (10/02)............................................ 2007 1.409 1.454 266,077 2006 1.301 1.409 414,487 2005 1.274 1.301 421,372 2004 1.238 1.274 273,574 2003 1.037 1.238 34,419 2002 1.000 1.037 -- LMPVET Capital Subaccount (10/02).................. 2007 1.637 1.633 172,316 2006 1.470 1.637 177,918 2005 1.426 1.470 189,544 2004 1.365 1.426 159,891 2003 1.060 1.365 79,503 2002 1.000 1.060 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.132 1.180 -- 2006 0.979 1.132 -- 2005 1.001 0.979 -- 2004 0.989 1.001 -- 2003 0.817 0.989 -- 2002 1.127 0.817 -- 2001 1.000 1.127 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.351 1.388 31,908 2006 1.198 1.351 31,907 2005 1.173 1.198 32,169 2004 1.086 1.173 24,381 2003 0.867 1.086 -- 2002 1.141 0.867 -- 2001 1.000 1.141 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.529 1.517 157,474 2006 1.336 1.529 102,926 2005 1.301 1.336 107,320 2004 1.227 1.301 78,557 2003 0.904 1.227 -- 2002 1.172 0.904 -- 2001 1.000 1.172 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.759 1.808 101,732 2006 1.559 1.759 159,791 2005 1.493 1.559 159,791 2004 1.382 1.493 130,088 2003 1.073 1.382 -- 2002 1.000 1.073 --
337 VINTAGE L -- 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 Investors Subaccount (Class I) (1/01)....... 2007 1.448 1.474 16,776 2006 1.250 1.448 17,601 2005 1.197 1.250 18,740 2004 1.107 1.197 9,435 2003 0.854 1.107 -- 2002 1.133 0.854 -- 2001 1.000 1.133 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.307 1.348 108,207 2006 1.275 1.307 134,324 2005 1.237 1.275 130,235 2004 1.258 1.237 112,011 2003 0.870 1.258 -- 2002 1.181 0.870 -- 2001 1.000 1.181 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.603 1.682 14,841 2006 1.425 1.603 14,843 2005 1.343 1.425 14,845 2004 1.241 1.343 14,847 2003 0.976 1.241 -- 2002 1.232 0.976 -- 2001 1.000 1.232 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.575 1.598 -- 2006 1.432 1.575 48,499 2005 1.411 1.432 57,253 2004 1.349 1.411 24,670 2003 1.068 1.349 -- 2002 1.000 1.068 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.499 1.616 52,254 2006 1.357 1.499 46,016 2005 1.320 1.357 57,267 2004 1.171 1.320 56,224 2003 0.802 1.171 -- 2002 1.255 0.802 -- 2001 1.000 1.255 --
338 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.011 1.004 25,090 2006 0.991 1.011 26,480 2005 0.989 0.991 30,100 2004 0.997 0.989 -- 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.234 1.232 69,304 2006 1.195 1.234 74,662 2005 1.189 1.195 62,261 2004 1.137 1.189 41,948 2003 1.039 1.137 -- 2002 1.011 1.039 -- 2001 1.000 1.011 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.452 1.427 28,531 2006 1.336 1.452 27,565 2005 1.329 1.336 27,070 2004 1.228 1.329 18,983 2003 0.983 1.228 -- 2002 1.037 0.983 -- 2001 1.000 1.037 -- LMPVIT Money Market Subaccount (2/00).............. 2007 0.998 1.026 96,646 2006 0.974 0.998 112,341 2005 0.967 0.974 132,472 2004 0.978 0.967 32,120 2003 0.992 0.978 -- 2002 1.000 0.992 -- 2001 1.000 1.000 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.584 1.688 -- 2006 1.432 1.584 16,196 2005 1.394 1.432 16,170 2004 1.231 1.394 15,034 2003 0.885 1.231 -- 2002 1.215 0.885 -- 2001 1.000 1.215 --
339 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.411 1.478 -- 2006 1.219 1.411 62,630 2005 1.196 1.219 30,618 2004 1.127 1.196 9,549 2003 0.827 1.127 -- 2002 1.127 0.827 -- 2001 1.000 1.127 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.589 1.649 -- 2006 1.383 1.589 70,166 2005 1.368 1.383 70,546 2004 1.239 1.368 69,261 2003 1.000 1.239 71,566 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.777 1.956 -- 2006 1.616 1.777 76,489 2005 1.524 1.616 78,565 2004 1.254 1.524 66,625 2003 1.000 1.254 13,602 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.398 1.463 -- 2006 1.324 1.398 39,338 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.451 1.458 38,098 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.348 1.308 3,728 2006 1.269 1.348 2,871 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.626 1.579 40,346 2006 1.480 1.626 52,338 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.300 1.661 7,350 2006 1.272 1.300 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.246 1.101 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.073 1.090 233,206 2006 1.001 1.073 136,529 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.069 1.053 114,032 2006 1.002 1.069 5,423
340 VINTAGE L -- 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 Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.326 1.454 -- 2006 1.346 1.326 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.265 1.380 1,792 2006 1.278 1.265 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.945 2.036 5,933 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.385 1.461 64,234 2006 1.257 1.385 22,768 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.015 3,052 2006 1.003 1.216 3,163 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 390,261 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.556 1.600 28,847 2006 1.451 1.556 31,894 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.143 1.260 -- 2006 1.090 1.143 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.154 1.206 70,322 2006 1.117 1.154 52,405 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.026 0.974 88,577 2006 1.003 1.026 39,878 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 0.854 1.007 10,218 2006 0.877 0.854 11,223 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.068 1.110 160,155 2006 1.032 1.068 156,072 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.160 1.136 -- 2006 1.132 1.160 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.214 1.236 -- 2006 1.201 1.214 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.447 1.475 87,423 2006 1.415 1.447 74,282 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.057 1.069 -- 2006 1.002 1.057 --
341 VINTAGE L -- 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 MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.040 1.075 -- 2006 1.001 1.040 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.046 1.074 -- 2006 1.002 1.046 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.051 1.075 15,481 2006 1.002 1.051 15,509 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 1.385 1.413 138,356 2006 1.299 1.385 145,862 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.048 1.091 6,094 2006 0.996 1.048 6,723 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.066 1.139 2,316 2006 0.998 1.066 2,322 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.119 -- 2006 1.113 1.099 384,032 2005 1.113 1.113 288,960 2004 1.043 1.113 171,050 2003 1.000 1.043 78,471 PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.156 1.232 441,098 2006 1.137 1.156 390,243 2005 1.132 1.137 388,412 2004 1.102 1.132 164,259 2003 1.071 1.102 -- 2002 1.002 1.071 -- 2001 1.000 1.002 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.809 1.955 -- 2006 1.445 1.809 -- 2005 1.315 1.445 -- 2004 1.155 1.315 -- 2003 0.917 1.155 -- 2002 1.137 0.917 -- 2001 1.000 1.137 --
342 VINTAGE L -- 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 VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.135 2.276 -- 2006 1.858 2.135 31,363 2005 1.771 1.858 34,614 2004 1.433 1.771 15,588 2003 0.977 1.433 -- 2002 1.220 0.977 -- 2001 1.000 1.220 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.266 1.346 -- 2005 1.189 1.266 -- 2004 1.139 1.189 -- 2003 0.899 1.139 -- 2002 1.206 0.899 -- 2001 1.000 1.206 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.348 1.415 -- 2005 1.317 1.348 74,242 2004 1.224 1.317 52,584 2003 0.952 1.224 35,771 2002 1.129 0.952 -- 2001 1.000 1.129 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.167 1.201 -- 2005 1.096 1.167 -- 2004 1.050 1.096 -- 2003 0.860 1.050 -- 2002 1.137 0.860 -- 2001 1.000 1.137 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.107 1.175 -- 2005 1.000 1.107 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.018 1.020 -- 2005 1.007 1.018 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.052 1.088 -- 2005 1.008 1.052 14,308 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.085 1.130 -- 2005 1.000 1.085 --
343 VINTAGE L -- 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 Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.029 1.047 -- 2005 1.000 1.029 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.043 1.032 -- 2005 1.050 1.043 155,816 2004 1.042 1.050 117,811 2003 0.981 1.042 -- 2002 0.980 0.981 -- 2001 1.000 0.980 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.249 1.324 -- 2005 1.137 1.249 39,338 2004 1.002 1.137 33,831 2003 0.844 1.002 -- 2002 1.151 0.844 -- 2001 1.000 1.151 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 0.830 0.877 -- 2005 0.822 0.830 10,540 2004 0.736 0.822 10,388 2003 0.548 0.736 -- 2002 1.000 0.548 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.261 1.299 -- 2005 1.250 1.261 80,510 2004 1.144 1.250 46,257 2003 1.002 1.144 74,835 2002 1.080 1.002 -- 2001 1.000 1.080 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.165 1.257 -- 2005 1.117 1.165 19,960 2004 1.000 1.117 8,567 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.290 1.480 -- 2005 1.202 1.290 47,848 2004 1.060 1.202 30,586 2003 0.842 1.060 -- 2002 1.000 0.842 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.370 1.451 -- 2005 1.319 1.370 2,908 2004 1.212 1.319 1,735 2003 1.000 1.212 --
344 VINTAGE L -- 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 Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.037 1.090 -- 2005 1.036 1.037 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.108 1.117 -- 2005 1.091 1.108 52,692 2004 1.000 1.091 30,316 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.047 1.091 -- 2005 1.047 1.047 -- 2004 0.970 1.047 -- 2003 0.747 0.970 -- 2002 1.148 0.747 -- 2001 1.000 1.148 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.027 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.108 1.269 -- 2005 1.000 1.108 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.092 1.132 -- 2005 1.034 1.092 -- 2004 1.016 1.034 -- 2003 0.826 1.016 -- 2002 1.193 0.826 -- 2001 1.000 1.193 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.045 1.198 -- 2006 1.037 1.045 -- 2005 0.981 1.037 -- 2004 0.935 0.981 -- 2003 0.750 0.935 -- 2002 1.134 0.750 -- 2001 1.000 1.134 --
345 VINTAGE L -- 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) (5/02)................................... 2006 1.246 1.300 -- 2005 1.218 1.246 6,602 2004 1.119 1.218 6,602 2003 1.000 1.119 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.301 1.264 -- 2005 1.158 1.301 -- 2004 1.092 1.158 -- 2003 1.000 1.092 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.733 1.946 26,958 2006 1.471 1.733 29,898 2005 1.318 1.471 23,759 2004 1.187 1.318 8,440 2003 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.549 1.702 73,116 2006 1.437 1.549 76,391 2005 1.264 1.437 81,944 2004 1.148 1.264 16,435 2003 1.000 1.148 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.444 1.484 109,971 2006 1.281 1.444 110,012 2005 1.238 1.281 108,452 2004 1.146 1.238 22,121 2003 1.000 1.146 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.547 1.528 -- 2005 1.338 1.547 -- 2004 1.144 1.338 -- 2003 1.000 1.144 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.540 1.998 -- 2005 1.468 1.540 -- 2004 1.142 1.468 -- 2003 1.000 1.142 --
346 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- 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 -- 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 1.290 115,865 2004 1.067 1.197 23,905 2003 1.000 1.067 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.606 1.846 6,118 2006 1.471 1.606 6,118 2005 1.287 1.471 6,740 2004 1.140 1.287 -- 2003 1.000 1.140 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.854 2.091 -- 2006 1.686 1.854 -- 2005 1.460 1.686 -- 2004 1.197 1.460 -- 2003 1.000 1.197 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.191 1.209 -- 2006 1.030 1.191 -- 2005 1.000 1.030 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.417 1.542 -- 2006 1.332 1.417 -- 2005 1.300 1.332 -- 2004 1.192 1.300 -- 2003 1.000 1.192 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.331 1.541 -- 2005 1.230 1.331 32,524 2004 1.117 1.230 -- 2003 1.000 1.117 --
347 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.406 3.030 -- 2006 1.920 2.406 2,000 2005 1.540 1.920 -- 2004 1.262 1.540 -- 2003 1.000 1.262 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.745 1.970 2,975 2006 1.468 1.745 5,694 2005 1.362 1.468 8,678 2004 1.175 1.362 -- 2003 1.000 1.175 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.403 1.672 -- 2005 1.317 1.403 -- 2004 1.161 1.317 -- 2003 1.000 1.161 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.634 1.946 2,101 2006 1.474 1.634 -- 2005 1.345 1.474 -- 2004 1.141 1.345 -- 2003 1.000 1.141 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.341 1.497 -- 2005 1.318 1.341 -- 2004 1.172 1.318 -- 2003 1.000 1.172 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.265 1.344 -- 2006 1.204 1.265 -- 2005 1.158 1.204 -- 2004 1.151 1.158 -- 2003 1.000 1.151 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.419 1.409 -- 2006 1.334 1.419 -- 2005 1.221 1.334 -- 2004 1.135 1.221 -- 2003 1.000 1.135 --
348 VINTAGE L -- 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 Appreciation Subaccount (Class I) (6/00).... 2007 1.364 1.447 188,291 2006 1.215 1.364 200,690 2005 1.191 1.215 206,472 2004 1.119 1.191 44,636 2003 1.000 1.119 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.341 1.337 7,465 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.233 1.270 203,103 2006 1.140 1.233 203,212 2005 1.118 1.140 203,432 2004 1.088 1.118 32,569 2003 1.000 1.088 -- LMPVET Capital Subaccount (10/02).................. 2007 1.347 1.342 -- 2006 1.212 1.347 -- 2005 1.177 1.212 -- 2004 1.128 1.177 -- 2003 1.000 1.128 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.254 1.306 -- 2006 1.087 1.254 -- 2005 1.113 1.087 -- 2004 1.101 1.113 -- 2003 1.000 1.101 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.399 1.435 -- 2006 1.242 1.399 -- 2005 1.218 1.242 -- 2004 1.129 1.218 -- 2003 1.000 1.129 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.448 1.435 59,877 2006 1.268 1.448 64,021 2005 1.237 1.268 65,639 2004 1.168 1.237 24,257 2003 1.000 1.168 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.444 1.482 34,228 2006 1.281 1.444 347,992 2005 1.229 1.281 352,330 2004 1.140 1.229 356,993 2003 1.000 1.140 --
349 VINTAGE L -- 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) (1/01)....... 2007 1.492 1.517 16,516 2006 1.290 1.492 19,347 2005 1.238 1.290 19,376 2004 1.146 1.238 -- 2003 1.000 1.146 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.208 1.244 -- 2006 1.180 1.208 -- 2005 1.147 1.180 -- 2004 1.168 1.147 -- 2003 1.000 1.168 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.488 1.560 20,028 2006 1.325 1.488 20,028 2005 1.251 1.325 20,028 2004 1.158 1.251 -- 2003 1.000 1.158 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.303 1.321 -- 2006 1.187 1.303 7,477 2005 1.171 1.187 7,489 2004 1.122 1.171 7,498 2003 1.000 1.122 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.576 1.695 3,938 2006 1.428 1.576 -- 2005 1.392 1.428 -- 2004 1.236 1.392 -- 2003 1.000 1.236 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.006 0.998 4,622 2006 0.988 1.006 5,618 2005 0.987 0.988 6,103 2004 0.997 0.987 7,585 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.142 1.139 3,686 2006 1.107 1.142 3,690 2005 1.104 1.107 3,695 2004 1.057 1.104 -- 2003 1.000 1.057 --
350 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- LMPVIT High Income Subaccount (8/00)............... 2007 1.296 1.272 22,348 2006 1.194 1.296 109,086 2005 1.189 1.194 104,197 2004 1.101 1.189 86,793 2003 1.000 1.101 -- LMPVIT Money Market Subaccount (2/00).............. 2007 1.009 1.036 100,450 2006 0.986 1.009 106,499 2005 0.981 0.986 109,235 2004 0.994 0.981 29,273 2003 1.000 0.994 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.582 1.685 -- 2006 1.432 1.582 3,929 2005 1.395 1.432 4,326 2004 1.234 1.395 -- 2003 1.000 1.234 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.457 1.526 -- 2006 1.261 1.457 -- 2005 1.239 1.261 8,725 2004 1.169 1.239 8,725 2003 1.000 1.169 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.456 1.510 -- 2006 1.269 1.456 4,043 2005 1.256 1.269 4,048 2004 1.140 1.256 -- 2003 1.000 1.140 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.630 1.793 -- 2006 1.484 1.630 3,531 2005 1.402 1.484 3,535 2004 1.155 1.402 -- 2003 1.000 1.155 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.513 1.583 -- 2006 1.434 1.513 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.570 1.575 --
351 VINTAGE L -- 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 Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.345 1.303 -- 2006 1.267 1.345 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.768 1.714 -- 2006 1.611 1.768 2,877 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.560 1.991 3,214 2006 1.528 1.560 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.243 1.097 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.072 1.087 60,245 2006 1.001 1.072 54,763 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.068 1.051 5,388 2006 1.002 1.068 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.316 1.441 -- 2006 1.338 1.316 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.262 1.375 -- 2006 1.277 1.262 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.977 2.067 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.380 1.453 -- 2006 1.254 1.380 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.215 1.013 -- 2006 1.003 1.215 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.120 1.181 27,563 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.440 1.479 -- 2006 1.345 1.440 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.141 1.257 -- 2006 1.088 1.141 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.149 1.199 5,365 2006 1.114 1.149 6,248 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.972 152,159 2006 1.003 1.025 162,649
352 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.307 1.540 -- 2006 1.344 1.307 -- MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.049 1.089 176,457 2006 1.015 1.049 183,191 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.282 1.253 -- 2006 1.252 1.282 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.292 1.313 -- 2006 1.280 1.292 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.332 1.356 -- 2006 1.304 1.332 -- 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 9,515 2006 1.001 1.038 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.071 -- 2006 1.002 1.045 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.072 -- 2006 1.002 1.050 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.072 -- 2006 1.002 1.055 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.299 1.323 69,849 2006 1.220 1.299 69,860 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.047 1.088 -- 2006 0.996 1.047 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.136 -- 2006 0.998 1.064 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.096 1.115 -- 2006 1.112 1.096 27,563 2005 1.114 1.112 27,563 2004 1.045 1.114 -- 2003 1.000 1.045 --
353 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.070 1.138 4,639 2006 1.053 1.070 4,570 2005 1.051 1.053 4,393 2004 1.024 1.051 4,240 2003 1.000 1.024 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.839 1.987 -- 2006 1.472 1.839 -- 2005 1.341 1.472 -- 2004 1.180 1.341 -- 2003 1.000 1.180 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.833 1.954 -- 2006 1.598 1.833 -- 2005 1.526 1.598 -- 2004 1.236 1.526 -- 2003 1.000 1.236 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.259 1.338 -- 2005 1.184 1.259 -- 2004 1.136 1.184 -- 2003 1.000 1.136 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.243 1.304 -- 2005 1.217 1.243 -- 2004 1.132 1.217 -- 2003 1.000 1.132 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.244 1.280 -- 2005 1.170 1.244 -- 2004 1.123 1.170 -- 2003 1.000 1.123 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.173 -- 2005 1.000 1.105 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.019 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.051 1.086 -- 2005 1.008 1.051 --
354 VINTAGE L -- 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 Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.084 1.128 -- 2005 1.000 1.084 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.046 -- 2005 1.000 1.028 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.026 1.015 -- 2005 1.035 1.026 187,197 2004 1.029 1.035 20,659 2003 1.000 1.029 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.353 1.434 -- 2005 1.235 1.353 -- 2004 1.089 1.235 -- 2003 1.000 1.089 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.273 1.344 -- 2005 1.263 1.273 -- 2004 1.131 1.263 -- 2003 1.000 1.131 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.184 1.220 -- 2005 1.176 1.184 69,872 2004 1.078 1.176 4,470 2003 1.000 1.078 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.163 1.254 -- 2005 1.116 1.163 -- 2004 1.000 1.116 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.405 1.611 -- 2005 1.311 1.405 -- 2004 1.158 1.311 -- 2003 1.000 1.158 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.270 1.345 -- 2005 1.225 1.270 -- 2004 1.126 1.225 -- 2003 1.000 1.126 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.088 -- 2005 1.036 1.036 --
355 VINTAGE L -- 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 Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.105 1.114 -- 2005 1.090 1.105 6,615 2004 1.000 1.090 7,982 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.201 1.251 -- 2005 1.203 1.201 -- 2004 1.116 1.203 -- 2003 1.000 1.116 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.111 1.277 -- 2005 1.026 1.111 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.107 1.267 -- 2005 1.000 1.107 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.209 1.252 -- 2005 1.146 1.209 -- 2004 1.128 1.146 -- 2003 1.000 1.128 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.240 1.419 -- 2006 1.233 1.240 -- 2005 1.167 1.233 -- 2004 1.115 1.167 -- 2003 1.000 1.115 --
VINTAGE L -- 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 Growth and Income Subaccount (Class B) (5/02)................................... 2006 1.249 1.304 -- 2005 1.220 1.249 5,093 2004 1.120 1.220 -- 2003 1.000 1.120 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.304 1.269 -- 2005 1.159 1.304 -- 2004 1.093 1.159 -- 2003 1.000 1.093 --
356 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.738 1.955 107,867 2006 1.474 1.738 103,905 2005 1.319 1.474 33,810 2004 1.187 1.319 20,425 2003 1.000 1.187 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.554 1.710 995,077 2006 1.440 1.554 1,002,424 2005 1.266 1.440 495,689 2004 1.149 1.266 102,273 2003 1.000 1.149 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.449 1.490 501,164 2006 1.284 1.449 507,931 2005 1.239 1.284 278,103 2004 1.147 1.239 107,765 2003 1.000 1.147 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.551 1.532 -- 2005 1.340 1.551 159 2004 1.145 1.340 -- 2003 1.000 1.145 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.543 2.004 -- 2005 1.470 1.543 1,987 2004 1.143 1.470 -- 2003 1.000 1.143 -- 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 2,632 2004 1.074 1.201 -- 2003 1.000 1.074 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.293 1.439 -- 2005 1.199 1.293 118,685 2004 1.067 1.199 -- 2003 1.000 1.067 --
357 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.611 1.854 431,848 2006 1.474 1.611 441,668 2005 1.288 1.474 120,962 2004 1.141 1.288 21,572 2003 1.000 1.141 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.860 2.101 95,258 2006 1.690 1.860 92,430 2005 1.462 1.690 45,068 2004 1.198 1.462 -- 2003 1.000 1.198 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.193 1.212 521,247 2006 1.031 1.193 525,841 2005 1.000 1.031 141,388 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.422 1.548 21,576 2006 1.336 1.422 21,577 2005 1.302 1.336 21,578 2004 1.192 1.302 20,936 2003 1.000 1.192 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.334 1.547 -- 2005 1.232 1.334 156,547 2004 1.117 1.232 32,618 2003 1.000 1.117 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.414 3.044 84,703 2006 1.924 2.414 97,572 2005 1.542 1.924 26,812 2004 1.263 1.542 -- 2003 1.000 1.263 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.750 1.979 285,613 2006 1.472 1.750 265,061 2005 1.364 1.472 111,621 2004 1.175 1.364 10,115 2003 1.000 1.175 --
358 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.406 1.678 -- 2005 1.319 1.406 121,975 2004 1.161 1.319 -- 2003 1.000 1.161 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.639 1.954 34,550 2006 1.478 1.639 35,115 2005 1.347 1.478 33,744 2004 1.142 1.347 -- 2003 1.000 1.142 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.344 1.502 -- 2005 1.320 1.344 44,697 2004 1.173 1.320 4,856 2003 1.000 1.173 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.269 1.349 -- 2006 1.207 1.269 -- 2005 1.160 1.207 -- 2004 1.151 1.160 -- 2003 1.000 1.151 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.424 1.415 168,617 2006 1.337 1.424 164,664 2005 1.223 1.337 101,312 2004 1.136 1.223 12,861 2003 1.000 1.136 -- LMPVET Appreciation Subaccount (Class I) (6/00).... 2007 1.369 1.453 98,044 2006 1.218 1.369 97,027 2005 1.192 1.218 25,336 2004 1.119 1.192 -- 2003 1.000 1.119 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.347 1.343 54,936 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.237 1.276 134,368 2006 1.143 1.237 144,862 2005 1.120 1.143 142,759 2004 1.089 1.120 102,335 2003 1.000 1.089 --
359 VINTAGE L -- 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 Capital Subaccount (10/02).................. 2007 1.352 1.348 448,522 2006 1.215 1.352 460,035 2005 1.179 1.215 589,302 2004 1.129 1.179 241,112 2003 1.000 1.129 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.258 1.312 -- 2006 1.090 1.258 -- 2005 1.115 1.090 -- 2004 1.101 1.115 -- 2003 1.000 1.101 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.403 1.442 58,147 2006 1.245 1.403 58,180 2005 1.219 1.245 56,720 2004 1.130 1.219 54,008 2003 1.000 1.130 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.453 1.441 159,339 2006 1.271 1.453 154,105 2005 1.238 1.271 19,317 2004 1.169 1.238 -- 2003 1.000 1.169 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.449 1.488 43,591 2006 1.284 1.449 35,168 2005 1.231 1.284 30,949 2004 1.140 1.231 -- 2003 1.000 1.140 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.498 1.523 10,724 2006 1.293 1.498 10,724 2005 1.240 1.293 5,937 2004 1.147 1.240 -- 2003 1.000 1.147 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.212 1.250 35,753 2006 1.183 1.212 35,857 2005 1.148 1.183 6,605 2004 1.169 1.148 -- 2003 1.000 1.169 --
360 VINTAGE L -- 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 Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.494 1.567 6,216 2006 1.328 1.494 6,459 2005 1.252 1.328 3,622 2004 1.158 1.252 -- 2003 1.000 1.158 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.308 1.327 -- 2006 1.189 1.308 71,356 2005 1.173 1.189 69,100 2004 1.122 1.173 23,773 2003 1.000 1.122 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.581 1.703 5,318 2006 1.432 1.581 -- 2005 1.394 1.432 -- 2004 1.236 1.394 -- 2003 1.000 1.236 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.010 1.002 18,480 2006 0.990 1.010 17,256 2005 0.988 0.990 12,201 2004 0.997 0.988 -- 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.145 1.144 24,652 2006 1.110 1.145 24,652 2005 1.105 1.110 24,652 2004 1.057 1.105 45,255 2003 1.000 1.057 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.301 1.277 211,850 2006 1.197 1.301 209,321 2005 1.191 1.197 129,198 2004 1.101 1.191 58,956 2003 1.000 1.101 -- LMPVIT Money Market Subaccount (2/00).............. 2007 1.013 1.040 -- 2006 0.989 1.013 -- 2005 0.982 0.989 -- 2004 0.994 0.982 -- 2003 1.000 0.994 --
361 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.587 1.691 -- 2006 1.436 1.587 5,608 2005 1.397 1.436 2,459 2004 1.234 1.397 -- 2003 1.000 1.234 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.462 1.532 -- 2006 1.264 1.462 -- 2005 1.241 1.264 -- 2004 1.170 1.241 -- 2003 1.000 1.170 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.461 1.515 -- 2006 1.272 1.461 19,912 2005 1.258 1.272 5,316 2004 1.140 1.258 -- 2003 1.000 1.140 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.635 1.799 -- 2006 1.488 1.635 118,005 2005 1.404 1.488 87,302 2004 1.156 1.404 16,199 2003 1.000 1.156 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.518 1.589 -- 2006 1.438 1.518 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.576 1.582 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.347 1.306 -- 2006 1.268 1.347 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.774 1.722 63,564 2006 1.615 1.774 64,360 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.565 2.000 891 2006 1.532 1.565 1,019 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.245 1.100 --
362 VINTAGE L -- 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 Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.072 1.089 494,474 2006 1.001 1.072 459,659 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.068 1.052 179,238 2006 1.002 1.068 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.321 1.448 -- 2006 1.342 1.321 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.264 1.379 -- 2006 1.278 1.264 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.984 2.077 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.384 1.458 110,498 2006 1.256 1.384 113,435 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.216 1.014 37,851 2006 1.003 1.216 34,117 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.124 1.186 273,723 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.445 1.485 -- 2006 1.348 1.445 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.142 1.259 -- 2006 1.089 1.142 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.153 1.203 475,119 2006 1.116 1.153 468,443 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.025 0.974 244,083 2006 1.003 1.025 249,125 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.312 1.546 6,145 2006 1.348 1.312 7,142 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.052 1.093 36,297 2006 1.017 1.052 36,305 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.287 1.259 -- 2006 1.256 1.287 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.296 1.319 7,232 2006 1.283 1.296 7,020
363 VINTAGE L -- 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 Value Leaders Subaccount (Class D) (4/06)... 2007 1.337 1.362 37,443 2006 1.308 1.337 45,657 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 -- 2006 1.002 1.051 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.056 1.074 65,004 2006 1.002 1.056 64,097 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.303 1.329 270,997 2006 1.223 1.303 266,015 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.047 1.090 479,806 2006 0.996 1.047 492,976 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.065 1.138 -- 2006 0.998 1.065 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.099 1.120 -- 2006 1.115 1.099 274,083 2005 1.115 1.115 185,851 2004 1.046 1.115 10,245 2003 1.000 1.046 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.073 1.143 593,740 2006 1.056 1.073 592,484 2005 1.052 1.056 470,959 2004 1.024 1.052 4,979 2003 1.000 1.024 --
364 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.845 1.995 -- 2006 1.475 1.845 -- 2005 1.343 1.475 -- 2004 1.180 1.343 -- 2003 1.000 1.180 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.839 1.961 -- 2006 1.601 1.839 -- 2005 1.528 1.601 -- 2004 1.236 1.528 -- 2003 1.000 1.236 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.262 1.342 -- 2005 1.185 1.262 -- 2004 1.136 1.185 -- 2003 1.000 1.136 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.246 1.308 -- 2005 1.218 1.246 45,518 2004 1.132 1.218 -- 2003 1.000 1.132 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.247 1.283 -- 2005 1.172 1.247 1,666 2004 1.123 1.172 -- 2003 1.000 1.123 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.106 1.174 -- 2005 1.000 1.106 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.020 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.051 1.087 -- 2005 1.008 1.051 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.084 1.129 -- 2005 1.000 1.084 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.047 -- 2005 1.000 1.028 --
365 VINTAGE L -- 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 Managed Income Subaccount (7/00)......... 2006 1.029 1.017 -- 2005 1.036 1.029 27,974 2004 1.029 1.036 21,513 2003 1.000 1.029 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.357 1.438 -- 2005 1.236 1.357 -- 2004 1.090 1.236 -- 2003 1.000 1.090 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.276 1.348 -- 2005 1.264 1.276 6,041 2004 1.132 1.264 -- 2003 1.000 1.132 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.187 1.223 -- 2005 1.177 1.187 96,384 2004 1.078 1.177 9,432 2003 1.000 1.078 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.164 1.256 -- 2005 1.117 1.164 125,223 2004 1.000 1.117 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.408 1.615 -- 2005 1.313 1.408 3,713 2004 1.158 1.313 -- 2003 1.000 1.158 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.273 1.348 -- 2005 1.226 1.273 -- 2004 1.127 1.226 -- 2003 1.000 1.127 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.089 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.107 1.116 -- 2005 1.091 1.107 119,462 2004 1.000 1.091 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.204 1.254 -- 2005 1.205 1.204 -- 2004 1.116 1.205 -- 2003 1.000 1.116 --
366 VINTAGE L -- 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 Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.112 1.278 -- 2005 1.026 1.112 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.107 1.268 -- 2005 1.000 1.107 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.212 1.256 -- 2005 1.148 1.212 -- 2004 1.128 1.148 -- 2003 1.000 1.128 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.244 1.425 -- 2006 1.236 1.244 -- 2005 1.169 1.236 -- 2004 1.115 1.169 -- 2003 1.000 1.115 --
VINTAGE L -- 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) (5/02)................................... 2006 1.380 1.440 -- 2005 1.349 1.380 863,304 2004 1.241 1.349 671,346 2003 0.960 1.241 324,534 2002 1.000 0.960 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.360 1.321 -- 2005 1.211 1.360 551,459 2004 1.143 1.211 216,941 2003 0.948 1.143 66,077 2002 1.000 0.948 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.898 2.131 5,750,415 2006 1.612 1.898 5,865,325 2005 1.445 1.612 5,479,126 2004 1.302 1.445 3,301,874 2003 0.984 1.302 560,403 2002 1.000 0.984 --
367 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.730 1.901 13,652,536 2006 1.606 1.730 14,897,001 2005 1.413 1.606 15,362,612 2004 1.285 1.413 9,273,858 2003 0.960 1.285 2,482,245 2002 1.000 0.960 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.582 1.625 16,274,773 2006 1.404 1.582 18,131,781 2005 1.357 1.404 18,636,981 2004 1.257 1.357 12,269,497 2003 0.971 1.257 2,985,394 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.597 1.577 -- 2005 1.382 1.597 144,490 2004 1.183 1.382 85,167 2003 0.968 1.183 62,369 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.773 2.300 -- 2005 1.692 1.773 621,716 2004 1.317 1.692 363,487 2003 1.005 1.317 141,660 2002 1.000 1.005 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.291 1.401 -- 2005 1.199 1.291 491,266 2004 1.073 1.199 200,346 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.433 -- 2005 1.197 1.289 558,937 2004 1.067 1.197 213,448 2003 1.000 1.067 --
368 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.749 2.010 5,644,514 2006 1.603 1.749 6,450,192 2005 1.403 1.603 6,370,669 2004 1.244 1.403 3,260,531 2003 0.991 1.244 1,112,778 2002 1.000 0.991 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.061 2.324 3,519,694 2006 1.875 2.061 4,235,804 2005 1.625 1.875 4,190,757 2004 1.333 1.625 2,561,023 2003 0.986 1.333 731,326 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.190 1.207 2,206,495 2006 1.030 1.190 1,855,434 2005 1.000 1.030 473,972 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.543 1.678 1,184,848 2006 1.452 1.543 1,284,037 2005 1.417 1.452 1,496,822 2004 1.300 1.417 1,111,279 2003 0.969 1.300 297,552 2002 1.000 0.969 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.448 1.676 -- 2005 1.340 1.448 3,992,826 2004 1.217 1.340 2,095,459 2003 0.994 1.217 723,595 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.740 3.450 1,491,164 2006 2.188 2.740 1,654,953 2005 1.756 2.188 1,505,095 2004 1.440 1.756 466,250 2003 1.000 1.440 91,391
369 VINTAGE L -- 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 Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.895 2.139 4,492,483 2006 1.596 1.895 4,708,415 2005 1.481 1.596 4,568,600 2004 1.278 1.481 2,330,211 2003 0.989 1.278 519,279 2002 1.000 0.989 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.524 1.815 -- 2005 1.431 1.524 2,064,621 2004 1.262 1.431 594,562 2003 0.976 1.262 206,659 2002 1.000 0.976 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.851 2.203 112,413 2006 1.671 1.851 72,150 2005 1.525 1.671 71,823 2004 1.295 1.525 17,001 2003 0.983 1.295 9,106 2002 1.000 0.983 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.517 1.693 -- 2005 1.492 1.517 896,870 2004 1.328 1.492 512,682 2003 1.000 1.328 58,521 Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.383 1.469 -- 2006 1.318 1.383 129,733 2005 1.268 1.318 64,976 2004 1.260 1.268 30,641 2003 0.960 1.260 15,353 2002 1.000 0.960 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.561 1.549 8,906,242 2006 1.467 1.561 10,359,253 2005 1.344 1.467 11,136,013 2004 1.250 1.344 8,924,780 2003 0.951 1.250 2,994,791 2002 1.000 0.951 --
370 VINTAGE L -- 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 Appreciation Subaccount (Class I) (6/00).... 2007 1.448 1.535 3,969,301 2006 1.290 1.448 4,321,712 2005 1.265 1.290 5,012,226 2004 1.190 1.265 4,141,171 2003 0.977 1.190 1,561,246 2002 1.000 0.977 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.447 1.443 2,128,546 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.320 1.360 15,401,474 2006 1.222 1.320 17,342,699 2005 1.199 1.222 19,350,145 2004 1.168 1.199 13,207,492 2003 0.979 1.168 2,672,484 2002 1.000 0.979 -- LMPVET Capital Subaccount (10/02).................. 2007 1.485 1.479 17,312,994 2006 1.337 1.485 19,863,305 2005 1.299 1.337 21,918,724 2004 1.245 1.299 14,950,399 2003 0.969 1.245 3,309,858 2002 1.000 0.969 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.323 1.376 556,926 2006 1.147 1.323 646,905 2005 1.175 1.147 663,758 2004 1.163 1.175 499,442 2003 0.963 1.163 171,776 2002 1.000 0.963 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.493 1.532 1,945,549 2006 1.327 1.493 2,451,798 2005 1.302 1.327 2,839,502 2004 1.208 1.302 2,252,137 2003 0.967 1.208 1,148,700 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.621 1.605 9,355,548 2006 1.419 1.621 8,782,807 2005 1.385 1.419 9,239,878 2004 1.309 1.385 8,216,033 2003 0.966 1.309 2,834,488 2002 1.000 0.966 --
371 VINTAGE L -- 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 Global Equity Subaccount (10/02)............ 2007 1.566 1.606 4,087,307 2006 1.390 1.566 4,543,622 2005 1.335 1.390 4,997,367 2004 1.238 1.335 2,387,094 2003 0.962 1.238 490,264 2002 1.000 0.962 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.612 1.637 1,382,632 2006 1.394 1.612 1,610,692 2005 1.338 1.394 1,852,362 2004 1.240 1.338 1,547,557 2003 0.958 1.240 657,293 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.409 1.451 2,507,800 2006 1.378 1.409 3,160,788 2005 1.339 1.378 3,424,059 2004 1.365 1.339 3,125,256 2003 0.946 1.365 1,176,777 2002 1.000 0.946 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.591 1.666 1,353,426 2006 1.417 1.591 1,737,713 2005 1.338 1.417 1,933,083 2004 1.239 1.338 1,628,496 2003 0.977 1.239 733,971 2002 1.000 0.977 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.407 1.425 -- 2006 1.282 1.407 2,777,247 2005 1.266 1.282 3,120,861 2004 1.213 1.266 1,741,885 2003 0.961 1.213 576,357 2002 1.000 0.961 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.797 1.933 1,002,073 2006 1.630 1.797 707,497 2005 1.589 1.630 758,509 2004 1.412 1.589 681,109 2003 0.970 1.412 195,339 2002 1.000 0.970 --
372 VINTAGE L -- 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 1.005 0.995 2,218,606 2006 0.987 1.005 2,330,493 2005 0.986 0.987 2,390,703 2004 0.997 0.986 1,892,813 2003 1.000 0.997 14,435 LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.190 1.187 2,414,317 2006 1.155 1.190 2,807,755 2005 1.152 1.155 3,581,641 2004 1.103 1.152 2,920,201 2003 1.010 1.103 887,819 2002 1.000 1.010 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.476 1.448 3,775,352 2006 1.361 1.476 4,201,814 2005 1.356 1.361 5,049,829 2004 1.256 1.356 3,993,608 2003 1.007 1.256 1,647,756 2002 1.000 1.007 -- LMPVIT Money Market Subaccount (2/00).............. 2007 0.998 1.023 4,806,963 2006 0.975 0.998 3,098,109 2005 0.970 0.975 3,019,588 2004 0.984 0.970 2,251,784 2003 0.999 0.984 888,448 2002 1.000 0.999 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.731 1.844 -- 2006 1.568 1.731 465,300 2005 1.529 1.568 449,352 2004 1.353 1.529 361,221 2003 0.974 1.353 162,355 2002 1.000 0.974 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.624 1.700 -- 2006 1.406 1.624 2,877,618 2005 1.382 1.406 3,274,732 2004 1.305 1.382 2,835,223 2003 0.960 1.305 1,303,133 2002 1.000 0.960 --
373 VINTAGE L -- 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 Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.578 1.636 -- 2006 1.376 1.578 2,148,289 2005 1.363 1.376 2,139,915 2004 1.237 1.363 1,226,122 2003 1.000 1.237 154,434 Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.764 1.940 -- 2006 1.608 1.764 2,597,442 2005 1.519 1.608 2,921,421 2004 1.252 1.519 1,430,939 2003 1.000 1.252 131,586 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.599 1.673 -- 2006 1.516 1.599 288,998 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.659 1.664 275,264 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.344 1.301 141,573 2006 1.266 1.344 56,705 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.919 1.860 1,183,921 2006 1.749 1.919 1,285,532 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.610 2.054 335,365 2006 1.577 1.610 167,521 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.242 1.095 29,184 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.071 1.086 7,894,276 2006 1.001 1.071 6,479,999 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.050 3,907,281 2006 1.002 1.067 53,483 MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.414 1.548 388,142 2006 1.438 1.414 530,563 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.261 1.373 14,747 2006 1.276 1.261 20,057 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.090 2.185 399,355 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.378 1.450 881,632 2006 1.252 1.378 940,120
374 VINTAGE L -- 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 Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.215 1.012 1,041,987 2006 1.003 1.215 1,328,851 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.115 1.175 4,219,764 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.544 1.585 386,132 2006 1.443 1.544 413,816 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.140 1.256 -- 2006 1.088 1.140 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.148 1.197 3,342,022 2006 1.113 1.148 3,470,815 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.971 4,117,977 2006 1.003 1.024 2,422,847 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.506 1.773 512,690 2006 1.549 1.506 636,005 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.095 1.136 4,080,265 2006 1.059 1.095 4,842,617 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.347 1.315 95,375 2006 1.316 1.347 118,219 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.353 1.375 931,502 2006 1.341 1.353 1,120,739 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.445 1.470 2,728,713 2006 1.414 1.445 3,166,062 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.056 1.066 71,005 2006 1.002 1.056 553 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.038 1.071 1,250,777 2006 1.001 1.038 408,562 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.045 1.070 1,307,227 2006 1.002 1.045 229,794 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.071 360,610 2006 1.002 1.050 164,786
375 VINTAGE L -- 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 MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.055 1.071 307,212 2006 1.002 1.055 214,580 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.351 1.376 10,182,581 2006 1.269 1.351 11,196,229 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.087 4,042,587 2006 0.996 1.046 4,363,967 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.136 625,232 2006 0.998 1.064 747,985 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.091 1.110 -- 2006 1.108 1.091 4,183,557 2005 1.110 1.108 4,183,574 2004 1.042 1.110 2,075,669 2003 1.000 1.042 364,430 PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.084 1.152 15,269,678 2006 1.067 1.084 15,751,561 2005 1.066 1.067 16,295,872 2004 1.039 1.066 11,030,522 2003 1.012 1.039 4,444,217 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.945 2.101 -- 2006 1.557 1.945 502,297 2005 1.420 1.557 503,884 2004 1.249 1.420 507,731 2003 0.994 1.249 378,045 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.117 2.256 -- 2006 1.846 2.117 1,084,311 2005 1.764 1.846 1,127,527 2004 1.429 1.764 802,610 2003 0.977 1.429 446,380 2002 1.000 0.977 --
376 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.353 1.438 -- 2005 1.273 1.353 533,485 2004 1.222 1.273 433,213 2003 0.967 1.222 173,834 2002 1.000 0.967 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.349 1.414 -- 2005 1.320 1.349 3,470,760 2004 1.229 1.320 2,356,302 2003 0.958 1.229 933,491 2002 1.000 0.958 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.304 1.341 -- 2005 1.227 1.304 761,388 2004 1.178 1.227 638,667 2003 0.966 1.178 246,621 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.173 -- 2005 1.000 1.105 474 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.017 1.018 -- 2005 1.007 1.017 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.086 -- 2005 1.008 1.050 113,761 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 238,769 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.028 1.045 -- 2005 1.000 1.028 8,861 Travelers Managed Income Subaccount (7/00)......... 2006 1.072 1.059 -- 2005 1.081 1.072 5,358,347 2004 1.075 1.081 4,415,032 2003 1.014 1.075 1,389,623 2002 1.000 1.014 --
377 VINTAGE L -- 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 Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.431 1.516 -- 2005 1.306 1.431 360,257 2004 1.153 1.306 236,555 2003 0.973 1.153 123,529 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.467 1.549 -- 2005 1.456 1.467 662,001 2004 1.305 1.456 183,666 2003 0.974 1.305 138,108 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.232 1.269 -- 2005 1.224 1.232 12,161,644 2004 1.123 1.224 8,449,630 2003 0.986 1.123 3,040,252 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.162 1.252 -- 2005 1.116 1.162 692,556 2004 1.000 1.116 152,817 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.526 1.749 -- 2005 1.425 1.526 1,407,512 2004 1.259 1.425 820,537 2003 1.001 1.259 85,856 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.363 1.443 -- 2005 1.315 1.363 524,811 2004 1.210 1.315 202,670 2003 1.000 1.210 4,367 Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.036 1.088 -- 2005 1.036 1.036 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.104 1.113 -- 2005 1.089 1.104 3,120,622 2004 1.000 1.089 438,335 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.351 1.407 -- 2005 1.354 1.351 459,855 2004 1.256 1.354 421,151 2003 0.969 1.256 331,406 2002 1.000 0.969 --
378 VINTAGE L -- 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 Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.111 1.276 -- 2005 1.026 1.111 8,175 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.270 1.316 -- 2005 1.205 1.270 242,757 2004 1.186 1.205 112,094 2003 0.966 1.186 157,881 2002 1.000 0.966 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.327 1.517 146,672 2006 1.319 1.327 162,826 2005 1.250 1.319 148,862 2004 1.195 1.250 104,386 2003 0.959 1.195 55,188 2002 1.000 0.959 --
VINTAGE L -- 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) (5/02)................................... 2006 1.008 1.051 -- 2005 1.000 1.008 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.155 1.121 -- 2005 1.000 1.155 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.314 1.474 -- 2006 1.116 1.314 -- 2005 1.000 1.116 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.231 1.351 11,675 2006 1.143 1.231 11,675 2005 1.000 1.143 7,957 American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.169 1.200 -- 2006 1.039 1.169 -- 2005 1.000 1.039 --
379 VINTAGE L -- 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 (3/02)................... 2006 1.165 1.150 -- 2005 1.000 1.165 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.083 1.404 -- 2005 1.000 1.083 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.076 1.168 -- 2005 1.000 1.076 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.102 1.226 -- 2005 1.000 1.102 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.234 1.417 -- 2006 1.132 1.234 -- 2005 1.000 1.132 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.250 1.408 -- 2006 1.138 1.250 -- 2005 1.000 1.138 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.189 1.206 12,572 2006 1.029 1.189 12,572 2005 1.000 1.029 8,420 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.116 1.213 -- 2006 1.051 1.116 -- 2005 1.000 1.051 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.079 1.248 -- 2005 1.000 1.079 8,302 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.511 1.902 -- 2006 1.207 1.511 -- 2005 1.000 1.207 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.271 1.434 17,644 2006 1.071 1.271 -- 2005 1.000 1.071 --
380 VINTAGE L -- 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 Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.061 1.263 -- 2005 1.000 1.061 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.221 1.453 -- 2006 1.103 1.221 -- 2005 1.000 1.103 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.028 1.147 -- 2005 1.000 1.028 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.093 1.161 -- 2006 1.042 1.093 -- 2005 1.000 1.042 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.177 1.167 -- 2006 1.107 1.177 -- 2005 1.000 1.107 -- LMPVET Appreciation Subaccount (Class I) (6/00).... 2007 1.136 1.204 -- 2006 1.013 1.136 -- 2005 1.000 1.013 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.147 1.144 -- LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.110 1.143 459,689 2006 1.028 1.110 459,689 2005 1.000 1.028 142,365 LMPVET Capital Subaccount (10/02).................. 2007 1.157 1.152 -- 2006 1.042 1.157 -- 2005 1.000 1.042 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.127 1.173 -- 2006 0.978 1.127 -- 2005 1.000 0.978 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.153 1.183 -- 2006 1.025 1.153 -- 2005 1.000 1.025 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.185 1.173 -- 2006 1.038 1.185 -- 2005 1.000 1.038 --
381 VINTAGE L -- 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 Global Equity Subaccount (10/02)............ 2007 1.185 1.215 303,869 2006 1.052 1.185 303,869 2005 1.000 1.052 97,903 LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.208 1.226 -- 2006 1.045 1.208 -- 2005 1.000 1.045 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.077 1.109 -- 2006 1.054 1.077 -- 2005 1.000 1.054 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.199 1.255 -- 2006 1.068 1.199 -- 2005 1.000 1.068 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.116 1.130 -- 2006 1.017 1.116 -- 2005 1.000 1.017 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.183 1.272 -- 2006 1.074 1.183 -- 2005 1.000 1.074 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.018 1.008 -- 2006 1.000 1.018 -- 2005 1.000 1.000 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.024 1.021 -- 2006 0.994 1.024 -- 2005 1.000 0.994 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.081 1.059 -- 2006 0.996 1.081 -- 2005 1.000 0.996 -- LMPVIT Money Market Subaccount (2/00).............. 2007 1.028 1.054 -- 2006 1.005 1.028 -- 2005 1.000 1.005 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.185 1.262 -- 2006 1.074 1.185 -- 2005 1.000 1.074 --
382 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.192 1.248 -- 2006 1.033 1.192 -- 2005 1.000 1.033 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.173 1.216 -- 2006 1.023 1.173 -- 2005 1.000 1.023 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.176 1.294 -- 2006 1.073 1.176 -- 2005 1.000 1.073 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.215 1.272 -- 2006 1.153 1.215 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.261 1.264 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.343 1.299 -- 2006 1.266 1.343 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.341 1.299 -- 2006 1.223 1.341 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.174 1.497 -- 2006 1.150 1.174 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.240 1.094 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.071 1.085 14,114 2006 1.001 1.071 14,114 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.049 -- 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.127 1.232 -- 2006 1.146 1.127 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.260 1.371 -- 2006 1.275 1.260 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.469 1.535 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.226 1.290 -- 2006 1.115 1.226 --
383 VINTAGE L -- 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 Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.011 -- 2006 1.003 1.214 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 0.995 1.048 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.182 1.213 -- 2006 1.104 1.182 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.139 1.254 -- 2006 1.087 1.139 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.044 1.088 -- 2006 1.013 1.044 -- 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 1.072 1.261 -- 2006 1.103 1.072 -- MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.008 1.045 -- 2006 0.976 1.008 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.134 1.107 -- 2006 1.108 1.134 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.114 1.131 -- 2006 1.104 1.114 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.100 1.119 -- 2006 1.077 1.100 -- MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.065 -- 2006 1.002 1.055 -- 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 -- 2006 1.002 1.044 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.050 1.070 -- 2006 1.002 1.050 --
384 VINTAGE L -- 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 MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.070 -- 2006 1.002 1.054 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.104 1.124 -- 2006 1.038 1.104 -- MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.086 -- 2006 0.996 1.046 -- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.064 1.135 -- 2006 0.998 1.064 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 0.973 0.991 -- 2006 0.989 0.973 -- 2005 1.000 0.989 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.012 1.076 19,653 2006 0.998 1.012 19,653 2005 1.000 0.998 13,117 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.367 1.477 -- 2006 1.095 1.367 -- 2005 1.000 1.095 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.207 1.286 -- 2006 1.053 1.207 -- 2005 1.000 1.053 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.079 1.146 -- 2005 1.000 1.079 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.028 1.077 -- 2005 1.000 1.028 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.074 1.104 -- 2005 1.000 1.074 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.105 1.172 -- 2005 1.000 1.105 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.018 -- 2005 1.006 1.016 --
385 VINTAGE L -- 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 Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.127 -- 2005 1.000 1.083 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 -- Travelers Managed Income Subaccount (7/00)......... 2006 0.987 0.976 -- 2005 1.000 0.987 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.089 1.153 -- 2005 1.000 1.089 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.045 1.103 -- 2005 1.000 1.045 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.008 1.038 -- 2005 1.000 1.008 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.034 1.115 -- 2005 1.000 1.034 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.067 1.223 -- 2005 1.000 1.067 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.043 1.104 -- 2005 1.000 1.043 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.005 1.013 -- 2005 1.000 1.005 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.042 1.085 -- 2005 1.000 1.042 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.266 -- 2005 1.000 1.106 --
386 VINTAGE L -- 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 Van Kampen Enterprise Subaccount (4/00).. 2006 1.070 1.108 -- 2005 1.000 1.070 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.079 1.233 -- 2006 1.073 1.079 -- 2005 1.000 1.073 --
VINTAGE L -- 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 Growth and Income Subaccount (Class B) (5/02)................................... 2006 1.242 1.295 -- 2005 1.215 1.242 111,636 2004 1.119 1.215 -- 2003 1.000 1.119 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.296 1.258 -- 2005 1.155 1.296 26,995 2004 1.092 1.155 -- 2003 1.000 1.092 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.724 1.933 1,700,960 2006 1.465 1.724 1,666,157 2005 1.315 1.465 1,016,509 2004 1.186 1.315 12,546 2003 1.000 1.186 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.541 1.691 5,693,274 2006 1.432 1.541 5,630,680 2005 1.261 1.432 3,527,301 2004 1.148 1.261 176,039 2003 1.000 1.148 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.437 1.474 5,370,891 2006 1.277 1.437 5,169,568 2005 1.235 1.277 3,353,279 2004 1.145 1.235 116,974 2003 1.000 1.145 --
387 VINTAGE L -- 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 (3/02)................... 2006 1.541 1.522 -- 2005 1.335 1.541 68,905 2004 1.143 1.335 -- 2003 1.000 1.143 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.534 1.987 -- 2005 1.465 1.534 178,945 2004 1.142 1.465 -- 2003 1.000 1.142 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.289 1.398 -- 2005 1.197 1.289 105,878 2004 1.073 1.197 2,361 2003 1.000 1.073 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.430 -- 2005 1.195 1.286 364,009 2004 1.066 1.195 4,323 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.598 1.834 3,038,416 2006 1.466 1.598 3,204,130 2005 1.284 1.466 1,643,270 2004 1.140 1.284 -- 2003 1.000 1.140 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.844 2.078 1,524,858 2006 1.680 1.844 1,729,473 2005 1.457 1.680 916,237 2004 1.197 1.457 7,282 2003 1.000 1.197 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.188 1.204 3,407,218 2006 1.029 1.188 3,115,165 2005 1.000 1.029 1,574,335
388 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.410 1.531 89,549 2006 1.328 1.410 66,994 2005 1.297 1.328 35,814 2004 1.191 1.297 7,965 2003 1.000 1.191 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.326 1.534 -- 2005 1.228 1.326 1,018,600 2004 1.116 1.228 8,874 2003 1.000 1.116 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.393 3.010 1,112,320 2006 1.913 2.393 1,165,243 2005 1.537 1.913 605,698 2004 1.261 1.537 -- 2003 1.000 1.261 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.736 1.957 1,685,764 2006 1.463 1.736 1,664,516 2005 1.359 1.463 831,353 2004 1.174 1.359 -- 2003 1.000 1.174 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.398 1.663 -- 2005 1.315 1.398 740,845 2004 1.160 1.315 13,918 2003 1.000 1.160 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.626 1.933 219,810 2006 1.469 1.626 15,653 2005 1.342 1.469 13,248 2004 1.140 1.342 -- 2003 1.000 1.140 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.336 1.490 -- 2005 1.315 1.336 212,912 2004 1.172 1.315 -- 2003 1.000 1.172 --
389 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.258 1.336 -- 2006 1.200 1.258 -- 2005 1.156 1.200 -- 2004 1.150 1.156 -- 2003 1.000 1.150 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.412 1.400 1,690,122 2006 1.329 1.412 1,717,595 2005 1.219 1.329 999,469 2004 1.135 1.219 115,318 2003 1.000 1.135 -- LMPVET Appreciation Subaccount (Class I) (6/00).... 2007 1.358 1.438 750,790 2006 1.211 1.358 803,043 2005 1.188 1.211 713,566 2004 1.118 1.188 76,543 2003 1.000 1.118 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.333 1.329 529,481 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.227 1.262 5,673,888 2006 1.136 1.227 6,727,026 2005 1.116 1.136 4,734,449 2004 1.088 1.116 405,533 2003 1.000 1.088 -- LMPVET Capital Subaccount (10/02).................. 2007 1.340 1.333 3,225,774 2006 1.208 1.340 3,329,829 2005 1.174 1.208 2,300,292 2004 1.128 1.174 33,414 2003 1.000 1.128 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.248 1.297 58,801 2006 1.083 1.248 59,250 2005 1.111 1.083 59,581 2004 1.100 1.111 -- 2003 1.000 1.100 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.392 1.426 761,039 2006 1.237 1.392 771,088 2005 1.215 1.237 779,368 2004 1.129 1.215 76,132 2003 1.000 1.129 --
390 VINTAGE L -- 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 Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.441 1.425 901,568 2006 1.263 1.441 806,411 2005 1.234 1.263 585,496 2004 1.167 1.234 44,212 2003 1.000 1.167 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.436 1.472 2,457,195 2006 1.276 1.436 2,605,918 2005 1.226 1.276 1,206,797 2004 1.139 1.226 15,706 2003 1.000 1.139 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.485 1.507 61,312 2006 1.285 1.485 61,338 2005 1.235 1.285 45,577 2004 1.146 1.235 -- 2003 1.000 1.146 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.202 1.236 408,457 2006 1.176 1.202 421,840 2005 1.144 1.176 409,917 2004 1.167 1.144 -- 2003 1.000 1.167 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.481 1.550 483,633 2006 1.321 1.481 511,464 2005 1.248 1.321 621,784 2004 1.157 1.248 250,879 2003 1.000 1.157 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.297 1.313 -- 2006 1.182 1.297 607,583 2005 1.169 1.182 536,248 2004 1.121 1.169 26,484 2003 1.000 1.121 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.568 1.684 125,683 2006 1.423 1.568 16,353 2005 1.389 1.423 24,636 2004 1.235 1.389 4,834 2003 1.000 1.235 --
391 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.001 0.991 561,560 2006 0.985 1.001 625,082 2005 0.985 0.985 488,307 2004 0.997 0.985 103,512 2003 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.136 1.131 69,170 2006 1.103 1.136 66,409 2005 1.101 1.103 64,928 2004 1.056 1.101 19,932 2003 1.000 1.056 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.290 1.263 1,326,437 2006 1.190 1.290 1,263,399 2005 1.187 1.190 843,903 2004 1.100 1.187 71,552 2003 1.000 1.100 -- LMPVIT Money Market Subaccount (2/00).............. 2007 1.004 1.029 743,548 2006 0.983 1.004 266,863 2005 0.978 0.983 42,742 2004 0.993 0.978 131,110 2003 1.000 0.993 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.574 1.675 -- 2006 1.427 1.574 113,559 2005 1.393 1.427 93,979 2004 1.233 1.393 -- 2003 1.000 1.233 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.450 1.517 -- 2006 1.257 1.450 -- 2005 1.236 1.257 -- 2004 1.169 1.236 -- 2003 1.000 1.169 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.448 1.501 -- 2006 1.264 1.448 433,634 2005 1.253 1.264 394,021 2004 1.139 1.253 23,251 2003 1.000 1.139 --
392 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.621 1.783 -- 2006 1.479 1.621 877,639 2005 1.399 1.479 780,376 2004 1.155 1.399 29,210 2003 1.000 1.155 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.505 1.574 -- 2006 1.428 1.505 13,156 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.561 1.565 16,304 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.342 1.298 107,461 2006 1.265 1.342 50,885 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.759 1.703 302,392 2006 1.604 1.759 501,775 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.552 1.978 117,641 2006 1.522 1.552 88,498 MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.239 1.092 18,766 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.070 1.084 2,855,504 2006 1.001 1.070 2,451,953 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.067 1.048 1,305,651 2006 1.002 1.067 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.310 1.432 55,303 2006 1.333 1.310 67,191 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.259 1.370 35,685 2006 1.275 1.259 26,785 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.966 2.054 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.374 1.445 483,577 2006 1.250 1.374 575,613 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.010 672,708 2006 1.003 1.214 756,100 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.114 1.174 1,328,069
393 VINTAGE L -- 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 Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.433 1.469 182,216 2006 1.339 1.433 184,963 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.138 1.253 -- 2006 1.087 1.138 14,204 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.145 1.192 1,525,393 2006 1.111 1.145 1,395,968 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.024 0.970 1,537,653 2006 1.003 1.024 1,096,829 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.301 1.530 306,490 2006 1.339 1.301 52,352 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.043 1.082 930,557 2006 1.010 1.043 907,859 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.276 1.245 18,764 2006 1.247 1.276 18,513 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.285 1.305 218,554 2006 1.274 1.285 187,688 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.326 1.348 663,576 2006 1.299 1.326 708,097 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.064 74,475 2006 1.002 1.055 363,846 MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.070 27,446 2006 1.001 1.037 31,936 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.044 1.069 121,918 2006 1.002 1.044 116,217 MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.049 1.069 567,070 2006 1.002 1.049 507,430 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.069 351,687 2006 1.002 1.054 359,886 MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.292 1.315 1,537,627 2006 1.215 1.292 1,548,544
394 VINTAGE L -- 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 Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.046 1.085 1,902,487 2006 0.996 1.046 1,959,165 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.134 28,624 2006 0.998 1.063 28,624 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.090 1.109 -- 2006 1.108 1.090 1,230,469 2005 1.111 1.108 971,586 2004 1.045 1.111 87,192 2003 1.000 1.045 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.064 1.130 3,604,618 2006 1.049 1.064 3,118,644 2005 1.048 1.049 2,187,620 2004 1.023 1.048 92,831 2003 1.000 1.023 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.830 1.976 -- 2006 1.467 1.830 -- 2005 1.338 1.467 -- 2004 1.179 1.338 -- 2003 1.000 1.179 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.824 1.943 -- 2006 1.592 1.824 252,629 2005 1.523 1.592 237,163 2004 1.235 1.523 -- 2003 1.000 1.235 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.255 1.333 -- 2005 1.181 1.255 49,939 2004 1.135 1.181 9,847 2003 1.000 1.135 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.239 1.299 -- 2005 1.214 1.239 623,080 2004 1.131 1.214 38,632 2003 1.000 1.131 --
395 VINTAGE L -- 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 Large Cap Subaccount (6/00).............. 2006 1.240 1.274 -- 2005 1.168 1.240 60,974 2004 1.122 1.168 -- 2003 1.000 1.122 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.171 -- 2005 1.000 1.104 295,809 Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.017 -- 2005 1.006 1.016 31,450 Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.050 1.085 -- 2005 1.007 1.050 292,696 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.083 1.126 -- 2005 1.000 1.083 132,397 Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.045 -- 2005 1.000 1.027 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.023 1.010 -- 2005 1.033 1.023 746,775 2004 1.028 1.033 53,765 2003 1.000 1.028 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.349 1.428 -- 2005 1.232 1.349 10,886 2004 1.088 1.232 6,671 2003 1.000 1.088 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.269 1.339 -- 2005 1.260 1.269 38,726 2004 1.131 1.260 -- 2003 1.000 1.131 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.180 1.215 -- 2005 1.173 1.180 1,039,277 2004 1.077 1.173 63,089 2003 1.000 1.077 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.160 1.250 -- 2005 1.115 1.160 365,164 2004 1.000 1.115 --
396 VINTAGE L -- 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 Mondrian International Stock Subaccount (3/02)............................................. 2006 1.400 1.604 -- 2005 1.308 1.400 248,371 2004 1.157 1.308 2,184 2003 1.000 1.157 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.265 1.339 -- 2005 1.222 1.265 121,433 2004 1.126 1.222 -- 2003 1.000 1.126 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.087 -- 2005 1.036 1.035 3,792 Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.111 -- 2005 1.089 1.102 897,033 2004 1.000 1.089 8,613 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.197 1.246 -- 2005 1.201 1.197 26,075 2004 1.115 1.201 -- 2003 1.000 1.115 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.275 -- 2005 1.026 1.110 18,294 Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.106 1.265 -- 2005 1.000 1.106 23,495 Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.205 1.247 -- 2005 1.144 1.205 8,031 2004 1.127 1.144 -- 2003 1.000 1.127 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.234 1.410 3,613 2006 1.228 1.234 3,432 2005 1.165 1.228 3,556 2004 1.114 1.165 -- 2003 1.000 1.114 --
397 VINTAGE L -- 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) (5/02)................................... 2006 1.240 1.293 -- 2005 1.215 1.240 -- 2004 1.119 1.215 -- 2003 1.000 1.119 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.295 1.256 -- 2005 1.155 1.295 9,401 2004 1.092 1.155 9,401 2003 1.000 1.092 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.721 1.929 44,041 2006 1.464 1.721 32,950 2005 1.314 1.464 32,381 2004 1.186 1.314 13,351 2003 1.000 1.186 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.539 1.687 126,815 2006 1.430 1.539 126,828 2005 1.260 1.430 124,523 2004 1.148 1.260 90,549 2003 1.000 1.148 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.434 1.471 233,487 2006 1.275 1.434 229,400 2005 1.234 1.275 230,747 2004 1.145 1.234 147,383 2003 1.000 1.145 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.540 1.519 -- 2005 1.334 1.540 -- 2004 1.143 1.334 -- 2003 1.000 1.143 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.532 1.984 -- 2005 1.464 1.532 -- 2004 1.142 1.464 -- 2003 1.000 1.142 --
398 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- 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 3,359 2004 1.073 1.197 3,366 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 -- 2004 1.066 1.195 -- 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.595 1.830 3,730 2006 1.464 1.595 3,730 2005 1.283 1.464 3,164 2004 1.139 1.283 -- 2003 1.000 1.139 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.841 2.073 8,322 2006 1.678 1.841 8,322 2005 1.456 1.678 8,322 2004 1.196 1.456 8,322 2003 1.000 1.196 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.187 1.203 -- 2006 1.028 1.187 -- 2005 1.000 1.028 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.407 1.528 8,333 2006 1.326 1.407 8,333 2005 1.296 1.326 8,333 2004 1.191 1.296 8,333 2003 1.000 1.191 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.325 1.531 -- 2005 1.227 1.325 -- 2004 1.116 1.227 -- 2003 1.000 1.116 --
399 VINTAGE L -- 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 Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.389 3.004 -- 2006 1.911 2.389 -- 2005 1.536 1.911 -- 2004 1.261 1.536 -- 2003 1.000 1.261 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.733 1.953 35,488 2006 1.461 1.733 35,488 2005 1.359 1.461 35,488 2004 1.174 1.359 31,246 2003 1.000 1.174 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.396 1.661 -- 2005 1.314 1.396 -- 2004 1.160 1.314 -- 2003 1.000 1.160 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.623 1.929 -- 2006 1.467 1.623 -- 2005 1.341 1.467 -- 2004 1.140 1.341 -- 2003 1.000 1.140 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.334 1.487 -- 2005 1.314 1.334 -- 2004 1.172 1.314 -- 2003 1.000 1.172 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.256 1.334 -- 2006 1.199 1.256 -- 2005 1.155 1.199 -- 2004 1.150 1.155 -- 2003 1.000 1.150 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.410 1.397 9,044 2006 1.327 1.410 26,491 2005 1.218 1.327 26,491 2004 1.134 1.218 9,044 2003 1.000 1.134 --
400 VINTAGE L -- 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 Appreciation Subaccount (Class I) (6/00).... 2007 1.355 1.434 -- 2006 1.209 1.355 -- 2005 1.188 1.209 -- 2004 1.118 1.188 -- 2003 1.000 1.118 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.330 1.326 70,410 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.224 1.259 144,846 2006 1.135 1.224 144,926 2005 1.115 1.135 144,956 2004 1.088 1.115 72,324 2003 1.000 1.088 -- LMPVET Capital Subaccount (10/02).................. 2007 1.338 1.330 79,218 2006 1.206 1.338 81,582 2005 1.174 1.206 201,777 2004 1.127 1.174 189,237 2003 1.000 1.127 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.246 1.294 22,271 2006 1.082 1.246 22,271 2005 1.110 1.082 19,945 2004 1.100 1.110 8,038 2003 1.000 1.100 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.389 1.423 39,334 2006 1.236 1.389 39,334 2005 1.214 1.236 39,357 2004 1.128 1.214 39,382 2003 1.000 1.128 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.439 1.422 24,491 2006 1.262 1.439 24,493 2005 1.233 1.262 24,495 2004 1.167 1.233 24,497 2003 1.000 1.167 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.434 1.469 28,156 2006 1.275 1.434 28,156 2005 1.226 1.275 28,156 2004 1.139 1.226 28,156 2003 1.000 1.139 --
401 VINTAGE L -- 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) (1/01)....... 2007 1.482 1.504 16,271 2006 1.284 1.482 16,271 2005 1.234 1.284 16,271 2004 1.146 1.234 16,271 2003 1.000 1.146 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.200 1.233 -- 2006 1.175 1.200 47,540 2005 1.144 1.175 47,540 2004 1.167 1.144 47,540 2003 1.000 1.167 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.478 1.546 -- 2006 1.319 1.478 -- 2005 1.247 1.319 -- 2004 1.157 1.247 -- 2003 1.000 1.157 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.295 1.310 -- 2006 1.181 1.295 72,442 2005 1.168 1.181 74,225 2004 1.121 1.168 76,081 2003 1.000 1.121 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.565 1.681 -- 2006 1.421 1.565 -- 2005 1.388 1.421 -- 2004 1.235 1.388 -- 2003 1.000 1.235 -- 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 (7/00)............................................. 2007 1.134 1.129 -- 2006 1.102 1.134 -- 2005 1.100 1.102 -- 2004 1.056 1.100 -- 2003 1.000 1.056 --
402 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- LMPVIT High Income Subaccount (8/00)............... 2007 1.287 1.261 17,398 2006 1.188 1.287 17,398 2005 1.186 1.188 17,398 2004 1.100 1.186 17,398 2003 1.000 1.100 -- LMPVIT Money Market Subaccount (2/00).............. 2007 1.003 1.027 15,736 2006 0.981 1.003 15,736 2005 0.978 0.981 13,119 2004 0.993 0.978 -- 2003 1.000 0.993 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.571 1.672 -- 2006 1.425 1.571 -- 2005 1.392 1.425 -- 2004 1.233 1.392 -- 2003 1.000 1.233 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.447 1.515 -- 2006 1.255 1.447 -- 2005 1.236 1.255 -- 2004 1.168 1.236 -- 2003 1.000 1.168 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.446 1.499 -- 2006 1.263 1.446 52,007 2005 1.253 1.263 52,007 2004 1.139 1.253 52,007 2003 1.000 1.139 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.619 1.779 -- 2006 1.477 1.619 24,317 2005 1.398 1.477 24,317 2004 1.154 1.398 24,317 2003 1.000 1.154 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.502 1.571 -- 2006 1.426 1.502 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.558 1.561 --
403 VINTAGE L -- 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 Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.341 1.296 -- 2006 1.264 1.341 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.756 1.699 158,688 2006 1.602 1.756 158,688 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.549 1.973 -- 2006 1.519 1.549 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.238 1.091 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.070 1.083 -- 2006 1.001 1.070 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.066 1.047 12,732 2006 1.002 1.066 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.308 1.429 -- 2006 1.331 1.308 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.258 1.368 -- 2006 1.274 1.258 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.962 2.049 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.373 1.442 17,069 2006 1.249 1.373 -- MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.214 1.009 -- 2006 1.003 1.214 -- MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.112 1.171 58,427 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.430 1.466 -- 2006 1.337 1.430 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.137 1.252 -- 2006 1.086 1.137 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.143 1.190 67,963 2006 1.110 1.143 67,963 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.969 -- 2006 1.003 1.023 --
404 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.298 1.526 -- 2006 1.337 1.298 -- MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.042 1.079 -- 2006 1.009 1.042 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.274 1.242 -- 2006 1.246 1.274 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.283 1.302 9,213 2006 1.273 1.283 9,213 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.323 1.345 3,795 2006 1.297 1.323 3,802 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.055 1.063 209,930 2006 1.002 1.055 209,930 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 -- 2006 1.002 1.049 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.054 1.068 -- 2006 1.002 1.054 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.290 1.312 238,346 2006 1.213 1.290 238,346 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.045 1.085 4,689 2006 0.996 1.045 4,698 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.133 12,098 2006 0.998 1.063 12,098 PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.088 1.107 -- 2006 1.107 1.088 60,730 2005 1.111 1.107 63,130 2004 1.044 1.111 91,442 2003 1.000 1.044 --
405 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.062 1.128 202,251 2006 1.048 1.062 47,921 2005 1.048 1.048 50,113 2004 1.023 1.048 52,357 2003 1.000 1.023 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.827 1.973 -- 2006 1.465 1.827 -- 2005 1.337 1.465 -- 2004 1.179 1.337 -- 2003 1.000 1.179 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.821 1.939 -- 2006 1.590 1.821 -- 2005 1.521 1.590 -- 2004 1.235 1.521 -- 2003 1.000 1.235 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.253 1.331 -- 2005 1.180 1.253 -- 2004 1.135 1.180 -- 2003 1.000 1.135 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.238 1.297 -- 2005 1.213 1.238 3,810 2004 1.131 1.213 3,818 2003 1.000 1.131 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.238 1.273 -- 2005 1.167 1.238 -- 2004 1.122 1.167 -- 2003 1.000 1.122 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.171 -- 2005 1.000 1.104 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.016 1.017 -- 2005 1.006 1.016 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.084 -- 2005 1.007 1.049 --
406 VINTAGE L -- 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 Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.082 1.126 -- 2005 1.000 1.082 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.044 -- 2005 1.000 1.027 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.021 1.009 -- 2005 1.032 1.021 -- 2004 1.028 1.032 -- 2003 1.000 1.028 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.347 1.426 -- 2005 1.231 1.347 -- 2004 1.088 1.231 -- 2003 1.000 1.088 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.267 1.337 -- 2005 1.259 1.267 -- 2004 1.130 1.259 -- 2003 1.000 1.130 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.178 1.213 -- 2005 1.172 1.178 246,576 2004 1.077 1.172 231,817 2003 1.000 1.077 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.159 1.249 -- 2005 1.115 1.159 -- 2004 1.000 1.115 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.398 1.602 -- 2005 1.308 1.398 158,688 2004 1.157 1.308 33,663 2003 1.000 1.157 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.264 1.337 -- 2005 1.221 1.264 -- 2004 1.126 1.221 -- 2003 1.000 1.126 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.035 1.086 -- 2005 1.035 1.035 --
407 VINTAGE L -- 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 Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.102 1.110 -- 2005 1.088 1.102 72,342 2004 1.000 1.088 76,457 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.196 1.244 -- 2005 1.200 1.196 9,423 2004 1.115 1.200 9,423 2003 1.000 1.115 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.110 1.274 -- 2005 1.026 1.110 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.105 1.264 -- 2005 1.000 1.105 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.203 1.246 -- 2005 1.143 1.203 -- 2004 1.127 1.143 -- 2003 1.000 1.127 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.232 1.407 -- 2006 1.227 1.232 -- 2005 1.164 1.227 -- 2004 1.114 1.164 -- 2003 1.000 1.114 --
VINTAGE L -- 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) (5/02)................................... 2006 1.372 1.430 -- 2005 1.344 1.372 3,686 2004 1.238 1.344 3,990 2003 0.960 1.238 -- 2002 1.000 0.960 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.352 1.310 -- 2005 1.206 1.352 -- 2004 1.141 1.206 -- 2003 0.947 1.141 -- 2002 1.000 0.947 --
408 VINTAGE L -- 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 Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.882 2.109 151,884 2006 1.602 1.882 143,905 2005 1.439 1.602 138,235 2004 1.299 1.439 117,326 2003 0.984 1.299 27,500 2002 1.000 0.984 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.717 1.882 369,608 2006 1.596 1.717 388,127 2005 1.408 1.596 400,790 2004 1.282 1.408 310,557 2003 0.960 1.282 18,290 2002 1.000 0.960 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.569 1.608 692,058 2006 1.396 1.569 691,666 2005 1.352 1.396 698,656 2004 1.255 1.352 519,464 2003 0.971 1.255 98,877 2002 1.000 0.971 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.588 1.567 -- 2005 1.377 1.588 -- 2004 1.180 1.377 -- 2003 0.968 1.180 -- 2002 1.000 0.968 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.763 2.281 -- 2005 1.685 1.763 16,074 2004 1.314 1.685 15,026 2003 1.005 1.314 -- 2002 1.000 1.005 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.286 1.394 -- 2005 1.196 1.286 121,502 2004 1.073 1.196 81,602 2003 1.000 1.073 --
409 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.283 1.426 -- 2005 1.194 1.283 50,696 2004 1.066 1.194 23,600 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.735 1.990 101,736 2006 1.594 1.735 92,099 2005 1.397 1.594 88,318 2004 1.242 1.397 82,528 2003 0.991 1.242 -- 2002 1.000 0.991 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 2.044 2.300 98,210 2006 1.864 2.044 92,492 2005 1.618 1.864 87,770 2004 1.330 1.618 55,163 2003 0.986 1.330 -- 2002 1.000 0.986 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.186 1.201 29,978 2006 1.028 1.186 -- 2005 1.000 1.028 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.530 1.661 29,907 2006 1.443 1.530 33,135 2005 1.411 1.443 53,779 2004 1.297 1.411 76,355 2003 0.968 1.297 4,318 2002 1.000 0.968 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.440 1.663 -- 2005 1.334 1.440 109,818 2004 1.214 1.334 66,367 2003 0.994 1.214 -- 2002 1.000 0.994 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 2.720 3.418 84,813 2006 2.176 2.720 88,968 2005 1.750 2.176 77,549 2004 1.438 1.750 48,873 2003 1.000 1.438 3,951
410 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.880 2.117 301,696 2006 1.586 1.880 324,994 2005 1.475 1.586 319,848 2004 1.275 1.475 261,521 2003 0.988 1.275 22,009 2002 1.000 0.988 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.514 1.800 -- 2005 1.425 1.514 34,123 2004 1.259 1.425 18,185 2003 0.976 1.259 -- 2002 1.000 0.976 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.837 2.181 14,917 2006 1.661 1.837 12,120 2005 1.519 1.661 12,120 2004 1.292 1.519 5,260 2003 0.983 1.292 -- 2002 1.000 0.983 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.509 1.681 -- 2005 1.487 1.509 117,932 2004 1.326 1.487 115,028 2003 1.000 1.326 16,913 Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.372 1.456 -- 2006 1.310 1.372 -- 2005 1.262 1.310 -- 2004 1.258 1.262 -- 2003 0.960 1.258 -- 2002 1.000 0.960 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.549 1.534 170,798 2006 1.459 1.549 188,482 2005 1.339 1.459 193,981 2004 1.248 1.339 199,978 2003 0.951 1.248 -- 2002 1.000 0.951 --
411 VINTAGE L -- 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 Appreciation Subaccount (Class I) (6/00).... 2007 1.437 1.520 203,155 2006 1.283 1.437 205,400 2005 1.260 1.283 206,001 2004 1.187 1.260 169,184 2003 0.977 1.187 4,463 2002 1.000 0.977 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.433 1.428 22,343 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.310 1.346 597,806 2006 1.215 1.310 573,067 2005 1.194 1.215 685,244 2004 1.165 1.194 335,517 2003 0.979 1.165 22,380 2002 1.000 0.979 -- LMPVET Capital Subaccount (10/02).................. 2007 1.473 1.464 626,449 2006 1.328 1.473 762,755 2005 1.293 1.328 798,683 2004 1.243 1.293 766,304 2003 0.969 1.243 177,618 2002 1.000 0.969 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.312 1.363 18,932 2006 1.140 1.312 19,003 2005 1.170 1.140 19,018 2004 1.160 1.170 29,127 2003 0.963 1.160 -- 2002 1.000 0.963 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.481 1.517 56,688 2006 1.319 1.481 56,277 2005 1.296 1.319 57,517 2004 1.205 1.296 56,683 2003 0.967 1.205 4,400 2002 1.000 0.967 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.608 1.588 268,114 2006 1.410 1.608 235,980 2005 1.379 1.410 222,410 2004 1.306 1.379 246,905 2003 0.965 1.306 -- 2002 1.000 0.965 --
412 VINTAGE L -- 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 Global Equity Subaccount (10/02)............ 2007 1.554 1.590 182,035 2006 1.382 1.554 194,481 2005 1.329 1.382 189,170 2004 1.235 1.329 153,504 2003 0.962 1.235 -- 2002 1.000 0.962 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.599 1.621 4,221 2006 1.386 1.599 4,425 2005 1.333 1.386 19,317 2004 1.238 1.333 14,772 2003 0.958 1.238 -- 2002 1.000 0.958 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.398 1.436 44,517 2006 1.370 1.398 46,849 2005 1.334 1.370 48,819 2004 1.362 1.334 147,968 2003 0.946 1.362 -- 2002 1.000 0.946 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.578 1.649 81,025 2006 1.408 1.578 83,237 2005 1.332 1.408 76,617 2004 1.236 1.332 178,711 2003 0.976 1.236 -- 2002 1.000 0.976 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.396 1.411 -- 2006 1.274 1.396 22,351 2005 1.261 1.274 29,628 2004 1.210 1.261 25,430 2003 0.961 1.210 -- 2002 1.000 0.961 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.783 1.913 7,881 2006 1.620 1.783 5,170 2005 1.583 1.620 5,170 2004 1.409 1.583 10,091 2003 0.969 1.409 -- 2002 1.000 0.969 --
413 VINTAGE L -- 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 Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.998 0.987 35,902 2006 0.982 0.998 34,739 2005 0.983 0.982 71,556 2004 0.996 0.983 27,260 2003 1.000 0.996 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.181 1.175 33,688 2006 1.148 1.181 48,764 2005 1.147 1.148 48,239 2004 1.101 1.147 21,561 2003 1.010 1.101 -- 2002 1.000 1.010 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.465 1.433 23,278 2006 1.352 1.465 27,848 2005 1.351 1.352 28,027 2004 1.253 1.351 24,080 2003 1.007 1.253 18,529 2002 1.000 1.007 -- LMPVIT Money Market Subaccount (2/00).............. 2007 0.990 1.013 7,706 2006 0.969 0.990 93,590 2005 0.966 0.969 92,177 2004 0.982 0.966 138,012 2003 0.999 0.982 -- 2002 1.000 0.999 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.717 1.828 -- 2006 1.559 1.717 2,820 2005 1.523 1.559 2,820 2004 1.350 1.523 2,820 2003 0.974 1.350 -- 2002 1.000 0.974 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.611 1.685 -- 2006 1.397 1.611 44,169 2005 1.376 1.397 44,222 2004 1.302 1.376 56,429 2003 0.960 1.302 -- 2002 1.000 0.960 --
414 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.566 1.623 -- 2006 1.369 1.566 72,173 2005 1.358 1.369 72,341 2004 1.236 1.358 45,415 2003 1.000 1.236 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.751 1.925 -- 2006 1.599 1.751 130,057 2005 1.514 1.599 143,324 2004 1.251 1.514 85,876 2003 1.000 1.251 33,139 Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.586 1.658 -- 2006 1.506 1.586 17,077 MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.644 1.647 17,077 MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.339 1.294 122 2006 1.264 1.339 122 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.903 1.841 87,288 2006 1.737 1.903 87,174 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.597 2.033 9,198 2006 1.567 1.597 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.237 1.090 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.070 1.083 154,213 2006 1.001 1.070 113,675 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.066 1.046 203,930 2006 1.002 1.066 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.403 1.532 11,571 2006 1.428 1.403 12,009 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.257 1.366 4,253 2006 1.274 1.257 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.072 2.163 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.371 1.440 22,309 2006 1.248 1.371 22,589
415 VINTAGE L -- 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 Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.213 1.009 30,337 2006 1.003 1.213 28,088 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.106 1.164 71,468 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.533 1.571 38,264 2006 1.434 1.533 48,383 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.136 1.251 -- 2006 1.086 1.136 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.142 1.188 88,111 2006 1.109 1.142 75,845 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.968 202,843 2006 1.003 1.023 201,303 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.494 1.755 53,828 2006 1.539 1.494 56,896 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.086 1.124 50,601 2006 1.052 1.086 62,371 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.336 1.302 -- 2006 1.307 1.336 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.342 1.361 -- 2006 1.332 1.342 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.433 1.455 66,812 2006 1.405 1.433 66,817 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.062 -- 2006 1.002 1.054 -- MSF MetLife Conservative Allocation Subaccount (Class B) (4/06)................................... 2007 1.037 1.068 -- 2006 1.001 1.037 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.043 1.067 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.048 1.067 -- 2006 1.002 1.048 --
416 VINTAGE L -- 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 Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.067 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.340 1.362 376,896 2006 1.261 1.340 390,284 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.045 1.084 210,596 2006 0.996 1.045 225,058 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.063 1.132 -- 2006 0.998 1.063 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.083 1.101 -- 2006 1.102 1.083 82,238 2005 1.106 1.102 90,023 2004 1.041 1.106 76,552 2003 1.000 1.041 4,873 PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.075 1.141 411,482 2006 1.061 1.075 411,212 2005 1.061 1.061 438,654 2004 1.037 1.061 341,573 2003 1.012 1.037 37,287 2002 1.000 1.012 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.929 2.083 -- 2006 1.548 1.929 -- 2005 1.414 1.548 -- 2004 1.247 1.414 -- 2003 0.994 1.247 -- 2002 1.000 0.994 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 2.100 2.236 -- 2006 1.835 2.100 -- 2005 1.756 1.835 -- 2004 1.426 1.756 -- 2003 0.977 1.426 -- 2002 1.000 0.977 --
417 VINTAGE L -- 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 (5/01)............................................. 2006 1.345 1.428 -- 2005 1.268 1.345 11,612 2004 1.220 1.268 -- 2003 0.967 1.220 -- 2002 1.000 0.967 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.341 1.405 -- 2005 1.315 1.341 66,824 2004 1.226 1.315 50,384 2003 0.958 1.226 4,325 2002 1.000 0.958 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.296 1.332 -- 2005 1.222 1.296 -- 2004 1.176 1.222 -- 2003 0.966 1.176 -- 2002 1.000 0.966 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.104 1.170 -- 2005 1.000 1.104 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.016 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.084 -- 2005 1.007 1.049 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.082 1.125 -- 2005 1.000 1.082 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.027 1.044 -- 2005 1.000 1.027 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.065 1.052 -- 2005 1.077 1.065 62,950 2004 1.073 1.077 48,751 2003 1.014 1.073 -- 2002 1.000 1.014 --
418 VINTAGE L -- 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 Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.422 1.506 -- 2005 1.301 1.422 3,795 2004 1.150 1.301 3,795 2003 0.973 1.150 -- 2002 1.000 0.973 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.458 1.539 -- 2005 1.450 1.458 58,156 2004 1.302 1.450 11,068 2003 0.974 1.302 -- 2002 1.000 0.974 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.225 1.261 -- 2005 1.219 1.225 446,074 2004 1.121 1.219 351,659 2003 0.986 1.121 4,696 2002 1.000 0.986 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.158 1.248 -- 2005 1.114 1.158 23,589 2004 1.000 1.114 5,161 Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.516 1.737 -- 2005 1.419 1.516 70,701 2004 1.256 1.419 51,990 2003 1.001 1.256 4,334 2002 1.000 1.001 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.355 1.434 -- 2005 1.310 1.355 49,236 2004 1.208 1.310 50,441 2003 1.000 1.208 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.086 -- 2005 1.035 1.034 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.101 1.109 -- 2005 1.088 1.101 78,141 2004 1.000 1.088 67,513 Travelers Strategic Equity Subaccount (6/00)....... 2006 1.343 1.397 -- 2005 1.348 1.343 -- 2004 1.254 1.348 -- 2003 0.969 1.254 -- 2002 1.000 0.969 --
419 VINTAGE L -- 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 Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.274 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.105 1.264 -- 2005 1.000 1.105 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.263 1.307 -- 2005 1.200 1.263 -- 2004 1.184 1.200 -- 2003 0.966 1.184 -- 2002 1.000 0.966 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.316 1.502 -- 2006 1.311 1.316 -- 2005 1.245 1.311 -- 2004 1.192 1.245 -- 2003 0.959 1.192 -- 2002 1.000 0.959 --
VINTAGE L -- 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) (5/02)................................... 2006 1.102 1.148 -- 2005 1.080 1.102 2,694 2004 1.000 1.080 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.184 1.148 -- 2005 1.057 1.184 -- 2004 1.000 1.057 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.454 1.628 51,283 2006 1.238 1.454 51,283 2005 1.112 1.238 51,256 2004 1.000 1.112 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.322 1.448 22,238 2006 1.230 1.322 22,244 2005 1.085 1.230 20,229 2004 1.000 1.085 --
420 VINTAGE L -- 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 -------------- ---- ------------- ------------- --------------- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.234 1.264 60,646 2006 1.098 1.234 60,652 2005 1.064 1.098 50,811 2004 1.000 1.064 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.347 1.329 -- 2005 1.168 1.347 -- 2004 1.000 1.168 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.345 1.740 -- 2005 1.287 1.345 -- 2004 1.000 1.287 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.199 1.300 -- 2005 1.116 1.199 -- 2004 1.000 1.116 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.201 1.335 -- 2005 1.118 1.201 14,061 2004 1.000 1.118 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.373 1.573 -- 2006 1.261 1.373 -- 2005 1.107 1.261 -- 2004 1.000 1.107 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.547 1.741 3,671 2006 1.411 1.547 3,671 2005 1.226 1.411 2,517 2004 1.000 1.226 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.185 1.199 78,574 2006 1.028 1.185 78,574 2005 1.000 1.028 78,539 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.175 1.274 -- 2006 1.108 1.175 -- 2005 1.084 1.108 -- 2004 1.000 1.084 --
421 VINTAGE L -- 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 Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.185 1.369 -- 2005 1.099 1.185 5,901 2004 1.000 1.099 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.957 2.458 1,952 2006 1.567 1.957 1,954 2005 1.260 1.567 1,955 2004 1.000 1.260 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.470 1.655 1,211 2006 1.241 1.470 1,212 2005 1.155 1.241 40,479 2004 1.000 1.155 6,678 FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.188 1.411 -- 2005 1.119 1.188 5,883 2004 1.000 1.119 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.363 1.619 -- 2006 1.234 1.363 -- 2005 1.129 1.234 -- 2004 1.000 1.129 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.141 1.271 -- 2005 1.125 1.141 -- 2004 1.000 1.125 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.113 1.181 -- 2006 1.063 1.113 -- 2005 1.025 1.063 -- 2004 1.000 1.025 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.231 1.218 5,113 2006 1.160 1.231 5,118 2005 1.065 1.160 5,121 2004 1.000 1.065 -- LMPVET Appreciation Subaccount (Class I) (6/00).... 2007 1.202 1.271 2,752 2006 1.074 1.202 2,755 2005 1.056 1.074 2,757 2004 1.000 1.056 --
422 VINTAGE L -- 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 Appreciation Subaccount (Class II) (11/07).. 2007 1.171 1.168 -- LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.129 1.160 14,581 2006 1.048 1.129 -- 2005 1.030 1.048 -- 2004 1.000 1.030 -- LMPVET Capital Subaccount (10/02).................. 2007 1.181 1.173 -- 2006 1.065 1.181 -- 2005 1.038 1.065 316,533 2004 1.000 1.038 52,148 LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.137 1.180 -- 2006 0.988 1.137 -- 2005 1.015 0.988 -- 2004 1.000 1.015 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.220 1.249 -- 2006 1.087 1.220 -- 2005 1.069 1.087 -- 2004 1.000 1.069 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.231 1.215 -- 2006 1.080 1.231 -- 2005 1.057 1.080 -- 2004 1.000 1.057 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.244 1.273 -- 2006 1.107 1.244 -- 2005 1.066 1.107 -- 2004 1.000 1.066 -- LMPVET Investors Subaccount (Class I) (1/01)....... 2007 1.293 1.310 -- 2006 1.121 1.293 -- 2005 1.079 1.121 -- 2004 1.000 1.079 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.036 1.064 -- 2006 1.015 1.036 -- 2005 0.989 1.015 -- 2004 1.000 0.989 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.294 1.352 -- 2006 1.155 1.294 -- 2005 1.094 1.155 -- 2004 1.000 1.094 --
423 VINTAGE L -- 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 Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.141 1.154 -- 2006 1.042 1.141 -- 2005 1.032 1.042 -- 2004 1.000 1.032 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.311 1.407 -- 2006 1.192 1.311 -- 2005 1.165 1.192 -- 2004 1.000 1.165 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.011 0.999 -- 2006 0.995 1.011 -- 2005 0.997 0.995 49,181 2004 1.000 0.997 7,699 LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.100 1.094 -- 2006 1.070 1.100 -- 2005 1.069 1.070 -- 2004 1.000 1.069 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.174 1.148 -- 2006 1.085 1.174 -- 2005 1.084 1.085 -- 2004 1.000 1.084 -- LMPVIT Money Market Subaccount (2/00).............. 2007 1.016 1.039 -- 2006 0.995 1.016 -- 2005 0.993 0.995 -- 2004 1.000 0.993 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.316 1.400 -- 2006 1.195 1.316 -- 2005 1.168 1.195 -- 2004 1.000 1.168 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.235 1.292 -- 2006 1.072 1.235 -- 2005 1.056 1.072 -- 2004 1.000 1.056 --
424 VINTAGE L -- 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 Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.266 1.311 -- 2006 1.106 1.266 30,295 2005 1.099 1.106 30,282 2004 1.000 1.099 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.340 1.473 -- 2006 1.224 1.340 31,506 2005 1.160 1.224 30,129 2004 1.000 1.160 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.368 1.430 -- 2006 1.299 1.368 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.418 1.420 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.338 1.292 4,577 2006 1.263 1.338 4,577 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.533 1.482 -- 2006 1.400 1.533 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.354 1.723 -- 2006 1.329 1.354 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.236 1.088 1,446 MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.069 1.082 49,925 2006 1.001 1.069 14,105 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.065 1.045 39,648 2006 1.002 1.065 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.165 1.272 27,679 2006 1.187 1.165 27,679 MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.256 1.364 -- 2006 1.273 1.256 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.695 1.769 -- MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.383 1.452 77,868 2006 1.259 1.383 77,868 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.213 1.008 -- 2006 1.003 1.213 --
425 VINTAGE L -- 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 PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.065 1.121 2,845 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.277 1.307 -- 2006 1.195 1.277 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.135 1.250 -- 2006 1.085 1.135 1,447 MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.156 1.203 16,999 2006 1.123 1.156 17,005 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.023 0.967 21,389 2006 1.003 1.023 21,396 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.104 1.296 -- 2006 1.137 1.104 -- MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.036 1.072 -- 2006 1.004 1.036 -- MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.152 1.122 -- 2006 1.127 1.152 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.150 1.165 18,618 2006 1.141 1.150 18,618 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.199 1.217 -- 2006 1.176 1.199 -- 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 41,465 2006 1.002 1.048 41,465 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.066 -- 2006 1.002 1.053 --
426 VINTAGE L -- 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 MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.202 1.221 4,638 2006 1.132 1.202 4,638 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.045 1.083 11,217 2006 0.996 1.045 11,217 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.062 1.131 -- 2006 0.998 1.062 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.043 1.061 -- 2006 1.062 1.043 2,847 2005 1.067 1.062 2,849 2004 1.000 1.067 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.056 1.120 2,897 2006 1.043 1.056 2,900 2005 1.043 1.043 2,902 2004 1.000 1.043 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.579 1.704 -- 2006 1.267 1.579 -- 2005 1.158 1.267 -- 2004 1.000 1.158 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.424 1.516 -- 2006 1.244 1.424 -- 2005 1.192 1.244 -- 2004 1.000 1.192 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.118 1.187 -- 2005 1.054 1.118 27,665 2004 1.000 1.054 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.122 1.176 -- 2005 1.101 1.122 -- 2004 1.000 1.101 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.111 1.141 -- 2005 1.048 1.111 3,154 2004 1.000 1.048 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.103 1.170 -- 2005 1.000 1.103 --
427 VINTAGE L -- 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 Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.016 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.083 -- 2005 1.007 1.049 38,334 Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.081 1.125 -- 2005 1.000 1.081 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.026 1.043 -- 2005 1.000 1.026 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.016 1.004 -- 2005 1.028 1.016 48,093 2004 1.000 1.028 7,480 Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.227 1.299 -- 2005 1.123 1.227 -- 2004 1.000 1.123 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.078 1.137 -- 2005 1.073 1.078 -- 2004 1.000 1.073 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.099 1.132 -- 2005 1.095 1.099 3,113 2004 1.000 1.095 -- Travelers MFS(R) Value Subaccount (5/04)........... 2006 1.169 1.259 -- 2005 1.125 1.169 73,594 2004 1.000 1.125 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.222 1.400 -- 2005 1.144 1.222 -- 2004 1.000 1.144 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.129 1.195 -- 2005 1.092 1.129 -- 2004 1.000 1.092 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.085 -- 2005 1.035 1.034 1,448
428 VINTAGE L -- 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 Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.115 1.123 -- 2005 1.103 1.115 14,747 2004 1.000 1.103 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.092 1.136 -- 2005 1.097 1.092 9,511 2004 1.000 1.097 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.273 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.105 1.263 -- 2005 1.000 1.105 3,127 Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.089 1.127 -- 2005 1.036 1.089 -- 2004 1.000 1.036 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.117 1.275 -- 2006 1.114 1.117 -- 2005 1.058 1.114 -- 2004 1.000 1.058 --
VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55%
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) (5/02)................................... 2006 1.101 1.147 -- 2005 1.080 1.101 -- 2004 1.000 1.080 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.184 1.146 -- 2005 1.057 1.184 -- 2004 1.000 1.057 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.452 1.625 14,393 2006 1.237 1.452 14,393 2005 1.112 1.237 13,476 2004 1.000 1.112 --
429 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (2/00).. 2007 1.320 1.446 404,513 2006 1.229 1.320 389,169 2005 1.085 1.229 299,256 2004 1.000 1.085 33,273 American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.233 1.262 406,892 2006 1.097 1.233 386,348 2005 1.064 1.097 325,048 2004 1.000 1.064 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.346 1.328 -- 2005 1.168 1.346 -- 2004 1.000 1.168 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.344 1.738 -- 2005 1.286 1.344 13,433 2004 1.000 1.286 -- FAM Variable Series Funds, Inc. FAMVS Mercury Global Allocation V.I. Subaccount (Class III) (11/03)................................ 2006 1.198 1.299 -- 2005 1.116 1.198 1,287 2004 1.000 1.116 -- FAMVS Mercury Value Opportunities V.I. Subaccount (Class III) (11/03)................................ 2006 1.200 1.334 -- 2005 1.118 1.200 89,941 2004 1.000 1.118 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.371 1.570 139,659 2006 1.260 1.371 120,320 2005 1.106 1.260 37,790 2004 1.000 1.106 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.546 1.737 120,046 2006 1.410 1.546 118,656 2005 1.226 1.410 117,119 2004 1.000 1.226 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.184 1.198 20,736 2006 1.027 1.184 16,826 2005 1.000 1.027 5,741
430 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (2/00)........................ 2007 1.173 1.272 18,888 2006 1.107 1.173 19,904 2005 1.084 1.107 19,784 2004 1.000 1.084 9,872 FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.184 1.367 -- 2005 1.099 1.184 50,654 2004 1.000 1.099 -- FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (5/03)........................ 2007 1.955 2.454 13,853 2006 1.566 1.955 -- 2005 1.260 1.566 -- 2004 1.000 1.260 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.468 1.653 40,294 2006 1.240 1.468 43,616 2005 1.155 1.240 30,423 2004 1.000 1.155 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.187 1.409 -- 2005 1.118 1.187 83,827 2004 1.000 1.118 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.362 1.616 -- 2006 1.233 1.362 -- 2005 1.129 1.233 -- 2004 1.000 1.129 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.140 1.269 -- 2005 1.125 1.140 3,786 2004 1.000 1.125 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.112 1.180 -- 2006 1.062 1.112 -- 2005 1.025 1.062 -- 2004 1.000 1.025 --
431 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (3/00)............................................. 2007 1.229 1.216 38,527 2006 1.159 1.229 9,883 2005 1.065 1.159 9,552 2004 1.000 1.065 -- LMPVET Appreciation Subaccount (Class I) (6/00).... 2007 1.201 1.269 49,687 2006 1.073 1.201 49,720 2005 1.055 1.073 49,206 2004 1.000 1.055 33,887 LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.169 1.166 21,153 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.128 1.158 49,884 2006 1.047 1.128 52,797 2005 1.030 1.047 52,916 2004 1.000 1.030 -- LMPVET Capital Subaccount (10/02).................. 2007 1.179 1.171 377,321 2006 1.065 1.179 445,074 2005 1.038 1.065 376,920 2004 1.000 1.038 26,690 LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.135 1.178 -- 2006 0.987 1.135 -- 2005 1.015 0.987 -- 2004 1.000 1.015 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.219 1.247 -- 2006 1.086 1.219 -- 2005 1.069 1.086 -- 2004 1.000 1.069 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.229 1.213 723 2006 1.079 1.229 725 2005 1.057 1.079 728 2004 1.000 1.057 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.243 1.271 397,902 2006 1.107 1.243 464,735 2005 1.065 1.107 406,369 2004 1.000 1.065 103,866
432 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (1/01)....... 2007 1.291 1.308 15,002 2006 1.120 1.291 15,002 2005 1.078 1.120 15,002 2004 1.000 1.078 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.034 1.062 12,920 2006 1.014 1.034 12,949 2005 0.989 1.014 12,501 2004 1.000 0.989 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.292 1.349 17,830 2006 1.154 1.292 18,302 2005 1.093 1.154 19,256 2004 1.000 1.093 9,888 LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.140 1.152 -- 2006 1.041 1.140 20,815 2005 1.032 1.041 20,662 2004 1.000 1.032 10,329 LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.309 1.404 2,877 2006 1.191 1.309 -- 2005 1.165 1.191 -- 2004 1.000 1.165 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 1.009 0.997 726 2006 0.995 1.009 728 2005 0.997 0.995 731 2004 1.000 0.997 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.098 1.092 -- 2006 1.069 1.098 -- 2005 1.069 1.069 -- 2004 1.000 1.069 -- LMPVIT High Income Subaccount (8/00)............... 2007 1.172 1.146 14,399 2006 1.084 1.172 13,287 2005 1.083 1.084 12,550 2004 1.000 1.083 -- LMPVIT Money Market Subaccount (2/00).............. 2007 1.014 1.038 729 2006 0.995 1.014 732 2005 0.992 0.995 734 2004 1.000 0.992 --
433 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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) (5/01)................................... 2007 1.314 1.398 -- 2006 1.194 1.314 2,986 2005 1.168 1.194 2,962 2004 1.000 1.168 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.233 1.290 -- 2006 1.071 1.233 -- 2005 1.056 1.071 -- 2004 1.000 1.056 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.264 1.310 -- 2006 1.106 1.264 21,522 2005 1.098 1.106 21,268 2004 1.000 1.098 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.338 1.470 -- 2006 1.223 1.338 89,182 2005 1.159 1.223 84,335 2004 1.000 1.159 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.366 1.428 -- 2006 1.298 1.366 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.416 1.418 -- MIST Dreman Small-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.337 1.291 722 2006 1.263 1.337 725 MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.531 1.480 -- 2006 1.398 1.531 -- MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.353 1.720 17,970 2006 1.328 1.353 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.234 1.087 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.069 1.081 21,937 2006 1.001 1.069 21,799 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.065 1.044 112,039 2006 1.002 1.065 --
434 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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 Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.164 1.269 -- 2006 1.185 1.164 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.255 1.363 -- 2006 1.272 1.255 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.693 1.766 19,783 MIST MFS(R) Value Subaccount (Class A) (4/06)...... 2007 1.381 1.449 39,490 2006 1.258 1.381 19,879 MIST Neuberger Berman Real Estate Subaccount (Class A) (4/06).......................................... 2007 1.212 1.007 15,382 2006 1.003 1.212 15,382 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (4/07)................................... 2007 1.064 1.119 288,096 MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.275 1.305 -- 2006 1.193 1.275 -- MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.134 1.248 -- 2006 1.085 1.134 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.155 1.200 252,291 2006 1.122 1.155 255,887 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.022 0.966 240,105 2006 1.003 1.022 239,180 Metropolitan Series Fund, Inc. MSF BlackRock Aggressive Growth Subaccount (Class D) (4/06).......................................... 2007 1.102 1.294 -- 2006 1.136 1.102 -- MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.034 1.070 4,096 2006 1.003 1.034 4,099 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.150 1.120 -- 2006 1.126 1.150 -- MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.148 1.163 3,342 2006 1.140 1.148 3,342 MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.197 1.215 5,624 2006 1.174 1.197 5,624 MSF MetLife Aggressive Allocation Subaccount (Class B) (4/06).......................................... 2007 1.054 1.060 -- 2006 1.002 1.054 --
435 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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 Allocation Subaccount (Class B) (4/06)................................... 2007 1.036 1.066 -- 2006 1.001 1.036 -- MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (4/06)........................ 2007 1.043 1.065 -- 2006 1.002 1.043 -- MSF MetLife Moderate Allocation Subaccount (Class B) (4/06).......................................... 2007 1.048 1.066 -- 2006 1.002 1.048 -- MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (4/06)........................ 2007 1.053 1.065 -- 2006 1.002 1.053 -- MSF MFS(R) Total Return Subaccount (Class F) (4/06)............................................. 2007 1.201 1.219 193,805 2006 1.131 1.201 194,812 MSF Oppenheimer Global Equity Subaccount (Class B) (4/06)............................................. 2007 1.044 1.082 115,475 2006 0.996 1.044 115,370 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (4/06)................................... 2007 1.062 1.130 -- 2006 0.998 1.062 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.042 1.059 -- 2006 1.061 1.042 284,449 2005 1.066 1.061 234,345 2004 1.000 1.066 -- PIMCO VIT Total Return Subaccount (Administrative Class) (5/01)...................................... 2007 1.055 1.118 328,819 2006 1.042 1.055 374,477 2005 1.043 1.042 357,636 2004 1.000 1.043 56,684 Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.577 1.702 -- 2006 1.266 1.577 -- 2005 1.158 1.266 -- 2004 1.000 1.158 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.422 1.514 -- 2006 1.243 1.422 2,758 2005 1.192 1.243 2,876 2004 1.000 1.192 --
436 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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 (5/01)............................................. 2006 1.117 1.185 -- 2005 1.053 1.117 -- 2004 1.000 1.053 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.121 1.174 -- 2005 1.101 1.121 18,454 2004 1.000 1.101 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.110 1.140 -- 2005 1.047 1.110 -- 2004 1.000 1.047 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.103 1.169 -- 2005 1.000 1.103 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.015 1.015 -- 2005 1.006 1.015 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.049 1.083 -- 2005 1.007 1.049 -- Travelers Managed Allocation Series: Moderate- Aggressive Subaccount (5/05)....................... 2006 1.081 1.124 -- 2005 1.000 1.081 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.026 1.043 -- 2005 1.000 1.026 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.016 1.003 -- 2005 1.028 1.016 4,104 2004 1.000 1.028 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.227 1.298 -- 2005 1.123 1.227 -- 2004 1.000 1.123 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.077 1.136 -- 2005 1.072 1.077 -- 2004 1.000 1.072 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.099 1.131 -- 2005 1.095 1.099 186,486 2004 1.000 1.095 --
437 VINTAGE L -- SEPARATE ACCOUNT CHARGES 2.55% (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 (5/04)........... 2006 1.168 1.258 -- 2005 1.125 1.168 27,601 2004 1.000 1.125 -- Travelers Mondrian International Stock Subaccount (3/02)............................................. 2006 1.221 1.398 -- 2005 1.144 1.221 -- 2004 1.000 1.144 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.128 1.193 -- 2005 1.092 1.128 -- 2004 1.000 1.092 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.085 -- 2005 1.035 1.034 -- Travelers Pioneer Strategic Income Subaccount (5/04)............................................. 2006 1.114 1.122 -- 2005 1.103 1.114 159,981 2004 1.000 1.103 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.091 1.135 -- 2005 1.097 1.091 2,635 2004 1.000 1.097 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.109 1.272 -- 2005 1.026 1.109 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.104 1.263 -- 2005 1.000 1.104 728 Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.088 1.126 -- 2005 1.035 1.088 -- 2004 1.000 1.035 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.116 1.272 -- 2006 1.113 1.116 -- 2005 1.058 1.113 -- 2004 1.000 1.058 --
438 VINTAGE L -- 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) (5/02)................................... 2006 1.234 1.286 -- 2005 1.211 1.234 -- 2004 1.118 1.211 -- 2003 1.000 1.118 -- AllianceBernstein Large-Cap Growth Subaccount (Class B) (2/00)................................... 2006 1.288 1.247 -- 2005 1.151 1.288 -- 2004 1.091 1.151 -- 2003 1.000 1.091 -- American Funds Insurance Series American Funds Global Growth Subaccount (Class 2) (2/00)............................................. 2007 1.709 1.912 157,551 2006 1.457 1.709 157,711 2005 1.310 1.457 151,200 2004 1.185 1.310 51,138 2003 1.000 1.185 -- American Funds Growth Subaccount (Class 2) (2/00).. 2007 1.528 1.673 378,570 2006 1.423 1.528 378,819 2005 1.257 1.423 399,976 2004 1.147 1.257 193,007 2003 1.000 1.147 -- American Funds Growth-Income Subaccount (Class 2) (2/00)............................................. 2007 1.425 1.458 324,570 2006 1.269 1.425 324,824 2005 1.231 1.269 359,232 2004 1.144 1.231 128,857 2003 1.000 1.144 -- Capital Appreciation Fund Capital Appreciation Fund (3/02)................... 2006 1.532 1.511 -- 2005 1.330 1.532 -- 2004 1.142 1.330 -- 2003 1.000 1.142 -- Delaware VIP Trust Delaware VIP REIT Subaccount (Standard Class) (3/02)............................................. 2006 1.525 1.971 -- 2005 1.460 1.525 -- 2004 1.141 1.460 -- 2003 1.000 1.141 --
439 VINTAGE L -- 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 80,769 2004 1.066 1.192 73,096 2003 1.000 1.066 -- Fidelity(R) Variable Insurance Products VIP Contrafund(R) Subaccount (Service Class) (5/00)............................................. 2007 1.584 1.814 123,027 2006 1.457 1.584 123,027 2005 1.280 1.457 123,027 2004 1.139 1.280 11,796 2003 1.000 1.139 -- VIP Mid Cap Subaccount (Service Class 2) (3/02).... 2007 1.829 2.055 15,142 2006 1.670 1.829 64,023 2005 1.452 1.670 64,538 2004 1.195 1.452 5,627 2003 1.000 1.195 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Income Securities Subaccount (Class 2) (5/05).......................................... 2007 1.183 1.196 -- 2006 1.027 1.183 -- 2005 1.000 1.027 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.398 1.515 11,423 2006 1.320 1.398 11,423 2005 1.293 1.320 15,701 2004 1.190 1.293 15,699 2003 1.000 1.190 -- FTVIPT Mutual Shares Securities Subaccount (Class 2) (5/02).......................................... 2006 1.318 1.521 -- 2005 1.224 1.318 -- 2004 1.115 1.224 -- 2003 1.000 1.115 --
440 VINTAGE L -- 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 2.373 2.978 -- 2006 1.902 2.373 -- 2005 1.531 1.902 -- 2004 1.260 1.531 -- 2003 1.000 1.260 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.721 1.936 -- 2006 1.454 1.721 3,959 2005 1.355 1.454 12,676 2004 1.173 1.355 12,876 2003 1.000 1.173 -- FTVIPT Templeton Growth Securities Subaccount (Class 2) (5/02)................................... 2006 1.390 1.649 -- 2005 1.310 1.390 -- 2004 1.159 1.310 -- 2003 1.000 1.159 -- Janus Aspen Series Janus Aspen Mid Cap Growth Subaccount (Service Shares) (5/00)..................................... 2007 1.612 1.912 5,758 2006 1.460 1.612 5,758 2005 1.337 1.460 5,758 2004 1.139 1.337 5,758 2003 1.000 1.139 -- Lazard Retirement Series, Inc. Lazard Retirement Small Cap Subaccount (5/03)...... 2006 1.328 1.477 -- 2005 1.310 1.328 -- 2004 1.171 1.310 -- 2003 1.000 1.171 -- Legg Mason Partners Investment Series LMPIS Premier Selections All Cap Growth Subaccount (5/01)............................................. 2007 1.248 1.324 -- 2006 1.193 1.248 -- 2005 1.152 1.193 -- 2004 1.149 1.152 -- 2003 1.000 1.149 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class I) (3/00)............................................. 2007 1.400 1.385 64,450 2006 1.321 1.400 77,364 2005 1.214 1.321 78,748 2004 1.134 1.214 79,432 2003 1.000 1.134 --
441 VINTAGE L -- 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) (6/00).... 2007 1.346 1.422 13,489 2006 1.203 1.346 13,493 2005 1.184 1.203 14,757 2004 1.117 1.184 -- 2003 1.000 1.117 -- LMPVET Appreciation Subaccount (Class II) (11/07).. 2007 1.318 1.314 45,626 LMPVET Capital and Income Subaccount (Class II) (10/02)............................................ 2007 1.216 1.248 334,782 2006 1.130 1.216 334,792 2005 1.112 1.130 353,139 2004 1.087 1.112 303,857 2003 1.000 1.087 -- LMPVET Capital Subaccount (10/02).................. 2007 1.329 1.319 195,574 2006 1.200 1.329 195,604 2005 1.170 1.200 195,636 2004 1.126 1.170 162,348 2003 1.000 1.126 -- LMPVET Dividend Strategy Subaccount (5/01)......... 2007 1.237 1.283 -- 2006 1.077 1.237 -- 2005 1.107 1.077 24,067 2004 1.099 1.107 24,056 2003 1.000 1.099 -- LMPVET Equity Index Subaccount (Class II) (6/00)... 2007 1.380 1.410 8,417 2006 1.230 1.380 8,417 2005 1.211 1.230 8,417 2004 1.127 1.211 8,417 2003 1.000 1.127 -- LMPVET Fundamental Value Subaccount (Class I) (6/00)............................................. 2007 1.429 1.410 50,917 2006 1.256 1.429 39,106 2005 1.230 1.256 39,729 2004 1.166 1.230 33,733 2003 1.000 1.166 -- LMPVET Global Equity Subaccount (10/02)............ 2007 1.424 1.456 26,599 2006 1.269 1.424 26,599 2005 1.222 1.269 26,599 2004 1.138 1.222 26,599 2003 1.000 1.138 --
442 VINTAGE L -- 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) (1/01)....... 2007 1.472 1.490 31,799 2006 1.278 1.472 31,967 2005 1.231 1.278 31,967 2004 1.145 1.231 31,967 2003 1.000 1.145 -- LMPVET Large Cap Growth Subaccount (Class I) (2/00)............................................. 2007 1.192 1.222 -- 2006 1.169 1.192 -- 2005 1.140 1.169 -- 2004 1.166 1.140 -- 2003 1.000 1.166 -- LMPVET Mid Cap Core Subaccount (Class I) (4/00).... 2007 1.468 1.533 1,929 2006 1.313 1.468 1,933 2005 1.244 1.313 6,430 2004 1.156 1.244 4,492 2003 1.000 1.156 -- LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (10/02)........................... 2007 1.286 1.299 -- 2006 1.175 1.286 45,626 2005 1.165 1.175 -- 2004 1.120 1.165 -- 2003 1.000 1.120 -- LMPVET Small Cap Growth Subaccount (Class I) (3/00)............................................. 2007 1.554 1.666 -- 2006 1.415 1.554 -- 2005 1.384 1.415 -- 2004 1.234 1.384 -- 2003 1.000 1.234 -- Legg Mason Partners Variable Income Trust LMPVIT Adjustable Rate Income Subaccount (9/03).... 2007 0.993 0.981 -- 2006 0.979 0.993 4,847 2005 0.982 0.979 5,357 2004 0.996 0.982 5,606 2003 1.000 0.996 -- LMPVIT Diversified Srategic Income Subaccount (7/00)............................................. 2007 1.126 1.119 -- 2006 1.097 1.126 -- 2005 1.097 1.097 -- 2004 1.055 1.097 -- 2003 1.000 1.055 --
443 VINTAGE L -- 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 (8/00)............... 2007 1.279 1.250 4,245 2006 1.183 1.279 4,245 2005 1.183 1.183 13,132 2004 1.099 1.183 13,128 2003 1.000 1.099 -- LMPVIT Money Market Subaccount (2/00).............. 2007 0.996 1.018 454,296 2006 0.977 0.996 15,394 2005 0.975 0.977 16,921 2004 0.992 0.975 -- 2003 1.000 0.992 -- Legg Mason Partners Variable Portfolios V LMPVPV Small Cap Growth Opportunities Subaccount (Class I) (5/01)................................... 2007 1.560 1.660 -- 2006 1.419 1.560 -- 2005 1.388 1.419 -- 2004 1.232 1.388 -- 2003 1.000 1.232 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class I) (6/00)......... 2007 1.438 1.503 -- 2006 1.249 1.438 11,746 2005 1.232 1.249 11,746 2004 1.168 1.232 11,746 2003 1.000 1.168 -- Lord Abbett Series Fund, Inc. Lord Abbett Growth and Income Subaccount (Class VC) (5/03)............................................. 2007 1.436 1.488 -- 2006 1.257 1.436 218,225 2005 1.249 1.257 240,365 2004 1.138 1.249 26,639 2003 1.000 1.138 -- Lord Abbett Mid-Cap Value Subaccount (Class VC) (5/03)............................................. 2007 1.608 1.766 -- 2006 1.470 1.608 97,681 2005 1.394 1.470 102,732 2004 1.153 1.394 7,623 2003 1.000 1.153 -- Met Investors Series Trust MIST BlackRock Large-Cap Core Subaccount (Class A) (4/06)............................................. 2007 1.492 1.560 -- 2006 1.419 1.492 -- MIST BlackRock Large-Cap Core Subaccount (Class E) (4/07)............................................. 2007 1.547 1.548 --
444 VINTAGE L -- 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) (4/06)............................................. 2007 1.336 1.289 -- 2006 1.262 1.336 -- MIST Harris Oakmark International Subaccount (Class A) (4/06) *........................................ 2007 1.744 1.684 98,803 2006 1.593 1.744 98,803 MIST Janus Forty Subaccount (Class A) (4/06)....... 2007 1.539 1.956 -- 2006 1.511 1.539 -- MIST Lazard Mid-Cap Subaccount (Class B) (4/07).... 2007 1.233 1.085 -- MIST Lord Abbett Growth and Income Subaccount (Class B) (4/06)................................... 2007 1.069 1.080 293,006 2006 1.001 1.069 -- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (5/06)............................................. 2007 1.065 1.043 6,319 2006 1.002 1.065 -- MIST Met/AIM Capital Appreciation Subaccount (Class A) (4/06).......................................... 2007 1.299 1.416 -- 2006 1.324 1.299 -- MIST Met/AIM Small Cap Growth Subaccount (Class A) (4/06)............................................. 2007 1.254 1.361 -- 2006 1.272 1.254 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.947 2.031 -- 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 1.104 1.161 -- MIST Pioneer Fund Subaccount (Class A) (4/06)...... 2007 1.421 1.453 -- 2006 1.330 1.421 14,625 MIST Pioneer Mid-Cap Value Subaccount (Class A) (4/06)............................................. 2007 1.134 1.247 -- 2006 1.084 1.134 -- MIST Pioneer Strategic Income Subaccount (Class A) (4/06)............................................. 2007 1.137 1.182 12,995 2006 1.105 1.137 12,995 MIST Third Avenue Small Cap Value Subaccount (Class B) (4/06).......................................... 2007 1.022 0.965 113,509 2006 1.003 1.022 113,512
445 VINTAGE L -- 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) (4/06).......................................... 2007 1.290 1.513 8,908 2006 1.330 1.290 8,910 MSF BlackRock Bond Income Subaccount (Class E) (4/06)............................................. 2007 1.035 1.070 74,783 2006 1.004 1.035 80,679 MSF Capital Guardian U.S. Equity Subaccount (Class A) (4/06).......................................... 2007 1.265 1.231 54,319 2006 1.239 1.265 54,319 MSF FI Large Cap Subaccount (Class A) (4/06)....... 2007 1.274 1.290 -- 2006 1.266 1.274 -- MSF FI Value Leaders Subaccount (Class D) (4/06)... 2007 1.314 1.333 -- 2006 1.290 1.314 -- 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 1.281 1.300 64,813 2006 1.207 1.281 64,836 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 -- PIMCO Variable Insurance Trust PIMCO VIT Real Return Subaccount (Administrative Class) (5/03)...................................... 2007 1.081 1.099 -- 2006 1.102 1.081 -- 2005 1.107 1.102 -- 2004 1.044 1.107 -- 2003 1.000 1.044 --
446 VINTAGE L -- 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) (5/01)...................................... 2007 1.055 1.118 76,918 2006 1.043 1.055 83,976 2005 1.045 1.043 110,728 2004 1.022 1.045 39,208 2003 1.000 1.022 -- Putnam Variable Trust Putnam VT International Equity Subaccount (Class IB) (5/01)......................................... 2007 1.814 1.958 -- 2006 1.458 1.814 -- 2005 1.334 1.458 -- 2004 1.178 1.334 -- 2003 1.000 1.178 -- Putnam VT Small Cap Value Subaccount (Class IB) (5/01)............................................. 2007 1.809 1.925 -- 2006 1.582 1.809 98,956 2005 1.517 1.582 43,632 2004 1.234 1.517 -- 2003 1.000 1.234 -- The Travelers Series Trust Travelers AIM Capital Appreciation Subaccount (5/01)............................................. 2006 1.247 1.324 -- 2005 1.177 1.247 -- 2004 1.134 1.177 -- 2003 1.000 1.134 -- Travelers Equity Income Subaccount (10/00)......... 2006 1.232 1.290 -- 2005 1.210 1.232 -- 2004 1.130 1.210 -- 2003 1.000 1.130 -- Travelers Large Cap Subaccount (6/00).............. 2006 1.232 1.266 -- 2005 1.164 1.232 -- 2004 1.121 1.164 -- 2003 1.000 1.121 -- Travelers Managed Allocation Series: Aggressive Subaccount (5/05).................................. 2006 1.103 1.169 -- 2005 1.000 1.103 -- Travelers Managed Allocation Series: Conservative Subaccount (7/05).................................. 2006 1.014 1.015 -- 2005 1.006 1.014 -- Travelers Managed Allocation Series: Moderate Subaccount (6/05).................................. 2006 1.048 1.082 -- 2005 1.007 1.048 --
447 VINTAGE L -- 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 (5/05)....................... 2006 1.081 1.124 -- 2005 1.000 1.081 -- Travelers Managed Allocation Series: Moderate- Conservative Subaccount (6/05)..................... 2006 1.026 1.042 -- 2005 1.000 1.026 -- Travelers Managed Income Subaccount (7/00)......... 2006 1.017 1.004 -- 2005 1.029 1.017 82,749 2004 1.027 1.029 66,571 2003 1.000 1.027 -- Travelers Mercury Large Cap Core Subaccount (6/00)............................................. 2006 1.341 1.419 -- 2005 1.228 1.341 -- 2004 1.087 1.228 -- 2003 1.000 1.087 -- Travelers MFS(R) Mid Cap Growth Subaccount (3/02).. 2006 1.261 1.330 -- 2005 1.256 1.261 8,919 2004 1.130 1.256 -- 2003 1.000 1.130 -- Travelers MFS(R) Total Return Subaccount (7/00).... 2006 1.173 1.207 -- 2005 1.169 1.173 82,322 2004 1.076 1.169 58,405 2003 1.000 1.076 -- 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 (3/02)............................................. 2006 1.392 1.593 -- 2005 1.304 1.392 98,803 2004 1.156 1.304 98,803 2003 1.000 1.156 -- Travelers Pioneer Fund Subaccount (5/03)........... 2006 1.258 1.330 -- 2005 1.218 1.258 16,165 2004 1.125 1.218 16,914 2003 1.000 1.125 -- Travelers Pioneer Mid Cap Value Subaccount (7/05).. 2006 1.034 1.084 -- 2005 1.035 1.034 --
448 VINTAGE L -- 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 12,995 2004 1.000 1.087 -- Travelers Strategic Equity Subaccount (6/00)....... 2006 1.190 1.238 -- 2005 1.197 1.190 -- 2004 1.114 1.197 -- 2003 1.000 1.114 -- Travelers Style Focus Series: Small Cap Growth Subaccount (6/05).................................. 2006 1.108 1.272 -- 2005 1.026 1.108 -- Travelers Style Focus Series: Small Cap Value Subaccount (5/05).................................. 2006 1.104 1.262 -- 2005 1.000 1.104 -- Travelers Van Kampen Enterprise Subaccount (4/00).. 2006 1.197 1.239 -- 2005 1.140 1.197 54,319 2004 1.126 1.140 54,319 2003 1.000 1.126 -- Van Kampen Life Investment Trust Van Kampen LIT Strategic Growth Subaccount (Class I) (2/00).......................................... 2007 1.224 1.394 12,500 2006 1.221 1.224 12,500 2005 1.161 1.221 12,500 2004 1.113 1.161 12,500 2003 1.000 1.113 --
* 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. 449 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. 450 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, 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. 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. 451 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. 452 CONDENSED FINANCIAL INFORMATION -- PIONEER ANNUISTAR FLEX -------------------------------------------------------------------------------- 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. PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.190 1.266 -- 2006 1.144 1.190 -- 2005 1.075 1.144 -- 2004 1.032 1.075 -- 2003 1.000 1.032 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.328 1.423 -- 2006 1.221 1.328 -- 2005 1.161 1.221 -- 2004 1.043 1.161 -- 2003 1.000 1.043 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.308 1.247 -- 2006 1.139 1.308 -- 2005 1.124 1.139 -- 2004 1.033 1.124 -- 2003 1.000 1.033 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.558 1.699 -- 2006 1.463 1.558 -- 2005 1.424 1.463 -- 2004 1.303 1.424 -- 2003 0.969 1.303 -- 2002 1.000 0.969 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.914 2.166 29,682 2006 1.608 1.914 51,421 2005 1.489 1.608 45,342 2004 1.281 1.489 29,054 2003 0.989 1.281 24,859 2002 1.000 0.989 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.346 1.293 --
453 PIONEER ANNUISTAR FLEX -- 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 Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.376 1.377 39,300 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.701 1.625 29,155 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.232 1.289 -- 2006 1.066 1.232 -- 2005 1.000 1.066 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.226 1.259 -- 2006 1.114 1.226 -- 2005 1.104 1.114 -- 2004 1.038 1.104 -- 2003 1.000 1.038 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.314 1.358 -- 2006 1.211 1.314 -- 2005 1.126 1.211 -- 2004 1.056 1.126 -- 2003 1.000 1.056 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.251 1.302 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.113 2.213 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.005 1.126 -- 2006 1.000 1.005 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.013 1.043 -- 2006 0.993 1.013 -- MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.977 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.049 1.093 -- 2006 0.996 1.049 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.986 0.993 -- 2005 0.978 0.986 -- 2004 0.987 0.978 -- 2003 1.000 0.987 -- 2002 1.000 1.000 --
454 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.130 1.180 -- 2005 1.100 1.130 -- 2004 1.052 1.100 -- 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.407 1.530 -- 2005 1.259 1.407 -- 2004 1.080 1.259 -- 2003 1.000 1.080 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.021 1.056 -- 2006 1.010 1.021 -- 2005 1.012 1.010 -- 2004 1.002 1.012 -- 2003 1.000 1.002 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.990 1.109 -- 2005 0.998 0.990 -- 2004 1.000 0.998 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.077 1.141 -- 2005 1.059 1.077 -- 2004 1.033 1.059 -- 2003 1.000 1.033 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.091 -- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.261 1.315 -- 2006 1.098 1.261 -- 2005 1.000 1.098 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.345 3.274 -- 2006 1.765 2.345 -- 2005 1.309 1.765 -- 2004 1.125 1.309 -- 2003 1.000 1.125 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.498 1.476 -- 2006 1.251 1.498 -- 2005 1.210 1.251 -- 2004 1.064 1.210 -- 2003 1.000 1.064 --
455 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.168 1.281 -- 2006 0.999 1.168 -- 2005 1.000 0.999 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.340 1.695 -- 2005 1.268 1.340 -- 2004 1.094 1.268 -- 2003 1.000 1.094 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.356 1.393 -- 2006 1.189 1.356 -- 2005 1.145 1.189 -- 2004 1.053 1.145 -- 2003 1.000 1.053 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.146 1.147 -- 2006 1.044 1.146 -- 2005 1.000 1.044 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.145 1.185 -- 2006 1.079 1.145 -- 2005 1.082 1.079 -- 2004 1.025 1.082 -- 2003 1.000 1.025 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.217 1.255 -- 2006 1.085 1.217 -- 2005 1.000 1.085 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.181 1.224 -- 2006 1.069 1.181 -- 2005 1.000 1.069 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.137 1.177 -- 2006 1.048 1.137 -- 2005 1.003 1.048 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.160 1.222 -- 2006 1.086 1.160 -- 2005 1.073 1.086 -- 2004 1.029 1.073 -- 2003 1.000 1.029 --
456 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.721 1.910 -- 2006 1.432 1.721 -- 2005 1.268 1.432 -- 2004 1.093 1.268 -- 2003 1.000 1.093 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.457 1.505 -- 2006 1.324 1.457 -- 2005 1.255 1.324 -- 2004 1.051 1.255 -- 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.166 1.236 -- 2006 1.157 1.166 -- 2005 1.092 1.157 -- 2004 1.000 1.092 -- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.087 1.655 -- 2006 1.560 2.087 -- 2005 1.385 1.560 -- 2004 1.044 1.385 -- 2003 1.000 1.044 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.159 1.366 -- 2006 1.097 1.159 -- 2005 1.070 1.097 -- 2004 1.000 1.070 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.521 1.383 -- 2006 1.359 1.521 -- 2005 1.248 1.359 -- 2004 1.062 1.248 -- 2003 1.000 1.062 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.148 1.217 -- 2005 1.152 1.148 -- 2004 1.038 1.152 -- 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.154 1.201 -- 2006 1.108 1.154 -- 2005 1.103 1.108 -- 2004 1.024 1.103 -- 2003 1.000 1.024 --
457 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.341 1.338 -- 2006 1.189 1.341 -- 2005 1.159 1.189 -- 2004 1.061 1.159 -- 2003 1.000 1.061 --
PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.188 1.264 -- 2006 1.143 1.188 40,647 2005 1.075 1.143 43,562 2004 1.032 1.075 40,658 2003 1.000 1.032 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.326 1.420 2,326 2006 1.220 1.326 2,277 2005 1.161 1.220 998 2004 1.043 1.161 -- 2003 1.000 1.043 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.306 1.245 138,639 2006 1.138 1.306 140,002 2005 1.123 1.138 146,205 2004 1.033 1.123 121,341 2003 1.000 1.033 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.376 1.500 83,923 2006 1.292 1.376 15,074 2005 1.259 1.292 13,854 2004 1.153 1.259 7,904 2003 0.857 1.153 -- 2002 1.227 0.857 -- 2001 1.000 1.227 --
458 PIONEER ANNUISTAR FLEX -- 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) (2/00)................................... 2007 1.747 1.976 101,188 2006 1.469 1.747 110,754 2005 1.361 1.469 98,761 2004 1.172 1.361 66,369 2003 0.904 1.172 10,166 2002 1.134 0.904 -- 2001 1.000 1.134 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.344 1.290 43,853 LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.454 1.454 266,077 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.588 1.517 157,474 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.231 1.288 -- 2006 1.066 1.231 -- 2005 1.000 1.066 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.224 1.257 -- 2006 1.113 1.224 16,420 2005 1.103 1.113 10,159 2004 1.038 1.103 5,595 2003 1.000 1.038 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.312 1.356 -- 2006 1.209 1.312 38,447 2005 1.126 1.209 38,050 2004 1.056 1.126 39,542 2003 1.000 1.056 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.249 1.299 37,011 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.945 2.036 5,933 MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.005 1.125 15,930 2006 1.000 1.005 15,953 Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.006 1.035 43,330 2006 0.987 1.006 7,633 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.976 --
459 PIONEER ANNUISTAR FLEX -- 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 Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.049 1.092 127,196 2006 0.996 1.049 92,031 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.980 0.987 -- 2005 0.972 0.980 -- 2004 0.982 0.972 -- 2003 0.995 0.982 -- 2002 1.000 0.995 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.129 1.178 -- 2005 1.099 1.129 13,162 2004 1.052 1.099 12,870 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.406 1.528 -- 2005 1.258 1.406 63,098 2004 1.080 1.258 47,199 2003 1.000 1.080 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.019 1.054 -- 2006 1.009 1.019 50,981 2005 1.012 1.009 52,599 2004 1.002 1.012 32,300 2003 1.000 1.002 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.989 1.108 -- 2005 0.998 0.989 25,569 2004 1.000 0.998 23,613 Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.075 1.139 -- 2005 1.058 1.075 21,041 2004 1.033 1.058 -- 2003 1.000 1.033 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.091 46,628 Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.260 1.313 -- 2006 1.097 1.260 -- 2005 1.000 1.097 --
460 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.341 3.267 3,711 2006 1.764 2.341 3,915 2005 1.308 1.764 3,574 2004 1.125 1.308 3,194 2003 1.000 1.125 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.496 1.473 60,665 2006 1.250 1.496 65,806 2005 1.209 1.250 60,690 2004 1.064 1.209 33,109 2003 1.000 1.064 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.167 1.279 -- 2006 0.999 1.167 -- 2005 1.000 0.999 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.338 1.693 -- 2005 1.267 1.338 -- 2004 1.094 1.267 -- 2003 1.000 1.094 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.354 1.390 77,385 2006 1.188 1.354 51,104 2005 1.144 1.188 55,196 2004 1.053 1.144 53,140 2003 1.000 1.053 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.145 1.146 -- 2006 1.044 1.145 -- 2005 1.000 1.044 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.143 1.182 84,139 2006 1.078 1.143 92,633 2005 1.082 1.078 87,185 2004 1.024 1.082 67,625 2003 1.000 1.024 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.216 1.253 -- 2006 1.085 1.216 -- 2005 1.000 1.085 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.180 1.222 280,388 2006 1.069 1.180 97,284 2005 1.000 1.069 --
461 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.136 1.176 202,363 2006 1.048 1.136 28,127 2005 1.003 1.048 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.158 1.219 28,808 2006 1.085 1.158 28,792 2005 1.073 1.085 28,484 2004 1.029 1.073 28,185 2003 1.000 1.029 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.718 1.906 3,040 2006 1.431 1.718 1,808 2005 1.268 1.431 893 2004 1.093 1.268 -- 2003 1.000 1.093 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.455 1.501 66,573 2006 1.323 1.455 67,772 2005 1.254 1.323 66,621 2004 1.051 1.254 63,558 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.165 1.234 65,624 2006 1.156 1.165 62,213 2005 1.091 1.156 36,844 2004 1.000 1.091 3,589 Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.084 1.651 31,960 2006 1.558 2.084 34,588 2005 1.385 1.558 36,541 2004 1.044 1.385 24,930 2003 1.000 1.044 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.158 1.363 -- 2006 1.096 1.158 116,299 2005 1.069 1.096 115,167 2004 1.000 1.069 88,717 Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.518 1.381 31,762 2006 1.358 1.518 31,590 2005 1.247 1.358 8,016 2004 1.062 1.247 7,106 2003 1.000 1.062 --
462 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.147 1.216 -- 2005 1.152 1.147 26,183 2004 1.038 1.152 21,804 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.152 1.198 64,054 2006 1.107 1.152 68,832 2005 1.103 1.107 71,799 2004 1.024 1.103 73,193 2003 1.000 1.024 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.339 1.335 -- 2006 1.188 1.339 33,176 2005 1.158 1.188 34,600 2004 1.061 1.158 35,064 2003 1.000 1.061 --
PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.186 1.262 -- 2006 1.142 1.186 -- 2005 1.074 1.142 -- 2004 1.032 1.074 -- 2003 1.000 1.032 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.324 1.417 -- 2006 1.219 1.324 -- 2005 1.160 1.219 -- 2004 1.043 1.160 -- 2003 1.000 1.043 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.304 1.242 1,022 2006 1.137 1.304 936 2005 1.122 1.137 980 2004 1.033 1.122 -- 2003 1.000 1.033 --
463 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.422 1.548 21,576 2006 1.336 1.422 21,577 2005 1.302 1.336 21,578 2004 1.192 1.302 20,936 2003 1.000 1.192 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.750 1.979 285,613 2006 1.472 1.750 265,061 2005 1.364 1.472 111,621 2004 1.175 1.364 10,115 2003 1.000 1.175 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.342 1.288 -- LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.276 1.276 134,368 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.510 1.441 159,339 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.230 1.287 -- 2006 1.065 1.230 505 2005 1.000 1.065 519 LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.222 1.255 -- 2006 1.112 1.222 16,891 2005 1.103 1.112 988 2004 1.038 1.103 -- 2003 1.000 1.038 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.310 1.354 -- 2006 1.208 1.310 -- 2005 1.125 1.208 -- 2004 1.056 1.125 -- 2003 1.000 1.056 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.246 1.297 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.984 2.077 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.005 1.124 10,603 2006 1.000 1.005 603
464 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.017 1.046 -- 2006 0.998 1.017 -- MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.976 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.048 1.091 38,238 2006 0.996 1.048 35,200 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.991 0.998 -- 2005 0.984 0.991 -- 2004 0.994 0.984 -- 2003 1.000 0.994 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.128 1.177 -- 2005 1.098 1.128 486 2004 1.052 1.098 -- 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.404 1.526 -- 2005 1.257 1.404 5,451 2004 1.080 1.257 -- 2003 1.000 1.080 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.018 1.052 -- 2006 1.008 1.018 -- 2005 1.011 1.008 -- 2004 1.002 1.011 -- 2003 1.000 1.002 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.988 1.106 -- 2005 0.997 0.988 838 2004 1.000 0.997 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.074 1.137 -- 2005 1.058 1.074 -- 2004 1.033 1.058 -- 2003 1.000 1.033 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.091 --
465 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.258 1.311 83,490 2006 1.097 1.258 56,080 2005 1.000 1.097 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.338 3.261 -- 2006 1.762 2.338 -- 2005 1.307 1.762 -- 2004 1.125 1.307 -- 2003 1.000 1.125 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.493 1.470 28,145 2006 1.249 1.493 28,153 2005 1.208 1.249 1,320 2004 1.064 1.208 -- 2003 1.000 1.064 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.166 1.278 -- 2006 0.998 1.166 15,375 2005 1.000 0.998 15,375 Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.337 1.690 -- 2005 1.266 1.337 426 2004 1.094 1.266 -- 2003 1.000 1.094 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.352 1.387 5,972 2006 1.186 1.352 711 2005 1.144 1.186 712 2004 1.053 1.144 -- 2003 1.000 1.053 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.144 1.144 61,131 2006 1.043 1.144 60,728 2005 1.000 1.043 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.141 1.180 9,578 2006 1.077 1.141 -- 2005 1.081 1.077 -- 2004 1.024 1.081 -- 2003 1.000 1.024 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.215 1.251 -- 2006 1.084 1.215 -- 2005 1.000 1.084 --
466 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.179 1.221 28,873 2006 1.069 1.179 105,760 2005 1.000 1.069 14,736 Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.135 1.174 5,436 2006 1.048 1.135 5,441 2005 1.003 1.048 5,279 Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.157 1.217 -- 2006 1.083 1.157 -- 2005 1.072 1.083 -- 2004 1.029 1.072 -- 2003 1.000 1.029 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.716 1.903 4,289 2006 1.429 1.716 5,037 2005 1.267 1.429 4,669 2004 1.093 1.267 -- 2003 1.000 1.093 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.453 1.498 26,279 2006 1.321 1.453 26,050 2005 1.254 1.321 4,653 2004 1.051 1.254 -- 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.163 1.231 35,177 2006 1.155 1.163 28,634 2005 1.091 1.155 1,499 2004 1.000 1.091 -- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.080 1.648 -- 2006 1.557 2.080 -- 2005 1.384 1.557 -- 2004 1.044 1.384 -- 2003 1.000 1.044 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.156 1.361 -- 2006 1.095 1.156 -- 2005 1.069 1.095 -- 2004 1.000 1.069 --
467 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.516 1.378 -- 2006 1.356 1.516 4,694 2005 1.247 1.356 4,694 2004 1.062 1.247 -- 2003 1.000 1.062 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.146 1.214 -- 2005 1.151 1.146 -- 2004 1.038 1.151 -- 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.151 1.196 14,571 2006 1.106 1.151 5,520 2005 1.102 1.106 5,520 2004 1.024 1.102 -- 2003 1.000 1.024 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.337 1.332 -- 2006 1.187 1.337 -- 2005 1.158 1.187 -- 2004 1.061 1.158 -- 2003 1.000 1.061 --
PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.182 1.258 -- 2006 1.140 1.182 -- 2005 1.073 1.140 -- 2004 1.031 1.073 -- 2003 1.000 1.031 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.320 1.411 -- 2006 1.216 1.320 -- 2005 1.159 1.216 -- 2004 1.043 1.159 -- 2003 1.000 1.043 --
468 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.300 1.237 -- 2006 1.134 1.300 -- 2005 1.121 1.134 -- 2004 1.032 1.121 -- 2003 1.000 1.032 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.417 1.542 -- 2006 1.332 1.417 -- 2005 1.300 1.332 -- 2004 1.192 1.300 -- 2003 1.000 1.192 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.745 1.970 2,975 2006 1.468 1.745 5,694 2005 1.362 1.468 8,678 2004 1.175 1.362 -- 2003 1.000 1.175 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.337 1.282 -- LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.271 1.270 203,103 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.504 1.435 59,877 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.228 1.284 -- 2006 1.065 1.228 -- 2005 1.000 1.065 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.219 1.251 -- 2006 1.110 1.219 -- 2005 1.102 1.110 -- 2004 1.038 1.102 -- 2003 1.000 1.038 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.306 1.349 -- 2006 1.206 1.306 -- 2005 1.124 1.206 -- 2004 1.056 1.124 -- 2003 1.000 1.056 --
469 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.242 1.291 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.977 2.067 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.004 1.122 -- 2006 1.000 1.004 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.014 1.042 -- 2006 0.995 1.014 -- MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.975 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.047 1.089 -- 2006 0.996 1.047 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.989 0.995 -- 2005 0.982 0.989 -- 2004 0.994 0.982 -- 2003 1.000 0.994 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.126 1.174 -- 2005 1.097 1.126 -- 2004 1.052 1.097 -- 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.402 1.523 -- 2005 1.256 1.402 -- 2004 1.080 1.256 -- 2003 1.000 1.080 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.015 1.047 -- 2006 1.005 1.015 -- 2005 1.010 1.005 -- 2004 1.002 1.010 -- 2003 1.000 1.002 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.986 1.103 -- 2005 0.996 0.986 -- 2004 1.000 0.996 --
470 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.072 1.134 -- 2005 1.057 1.072 -- 2004 1.033 1.057 -- 2003 1.000 1.033 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 -- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.256 1.307 -- 2006 1.096 1.256 -- 2005 1.000 1.096 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.331 3.247 -- 2006 1.758 2.331 -- 2005 1.306 1.758 -- 2004 1.125 1.306 -- 2003 1.000 1.125 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.489 1.464 -- 2006 1.246 1.489 -- 2005 1.207 1.246 -- 2004 1.063 1.207 -- 2003 1.000 1.063 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.164 1.275 -- 2006 0.998 1.164 -- 2005 1.000 0.998 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.334 1.685 -- 2005 1.265 1.334 -- 2004 1.094 1.265 -- 2003 1.000 1.094 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.348 1.381 -- 2006 1.184 1.348 -- 2005 1.142 1.184 -- 2004 1.053 1.142 -- 2003 1.000 1.053 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.142 1.141 -- 2006 1.042 1.142 -- 2005 1.000 1.042 --
471 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.138 1.175 -- 2006 1.074 1.138 -- 2005 1.080 1.074 -- 2004 1.024 1.080 -- 2003 1.000 1.024 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.213 1.248 -- 2006 1.084 1.213 -- 2005 1.000 1.084 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.177 1.218 -- 2006 1.068 1.177 -- 2005 1.000 1.068 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.133 1.171 -- 2006 1.047 1.133 -- 2005 1.003 1.047 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.153 1.212 -- 2006 1.081 1.153 -- 2005 1.071 1.081 -- 2004 1.029 1.071 -- 2003 1.000 1.029 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.711 1.895 -- 2006 1.426 1.711 -- 2005 1.266 1.426 -- 2004 1.092 1.266 -- 2003 1.000 1.092 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.448 1.492 -- 2006 1.319 1.448 -- 2005 1.252 1.319 -- 2004 1.051 1.252 -- 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.160 1.227 -- 2006 1.153 1.160 -- 2005 1.090 1.153 -- 2004 1.000 1.090 --
472 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.074 1.641 -- 2006 1.553 2.074 -- 2005 1.382 1.553 -- 2004 1.044 1.382 -- 2003 1.000 1.044 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.153 1.356 -- 2006 1.093 1.153 -- 2005 1.068 1.093 -- 2004 1.000 1.068 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.511 1.372 -- 2006 1.353 1.511 -- 2005 1.245 1.353 -- 2004 1.062 1.245 -- 2003 1.000 1.062 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.143 1.211 -- 2005 1.150 1.143 -- 2004 1.038 1.150 -- 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.147 1.191 -- 2006 1.104 1.147 -- 2005 1.101 1.104 -- 2004 1.023 1.101 -- 2003 1.000 1.023 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.333 1.327 -- 2006 1.184 1.333 -- 2005 1.157 1.184 -- 2004 1.061 1.157 -- 2003 1.000 1.061 --
PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.181 1.256 -- 2006 1.138 1.181 418,480 2005 1.072 1.138 434,509 2004 1.031 1.072 330,264 2003 1.000 1.031 --
473 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.318 1.408 156,705 2006 1.215 1.318 177,480 2005 1.158 1.215 190,500 2004 1.043 1.158 162,460 2003 1.000 1.043 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.298 1.235 1,625,865 2006 1.133 1.298 1,671,795 2005 1.120 1.133 1,629,326 2004 1.032 1.120 967,326 2003 1.000 1.032 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.543 1.678 1,184,848 2006 1.452 1.543 1,284,037 2005 1.417 1.452 1,496,822 2004 1.300 1.417 1,111,279 2003 0.969 1.300 297,552 2002 1.000 0.969 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.895 2.139 4,492,483 2006 1.596 1.895 4,708,415 2005 1.481 1.596 4,568,600 2004 1.278 1.481 2,330,211 2003 0.989 1.278 519,279 2002 1.000 0.989 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.335 1.280 643,871 LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.361 1.360 15,401,474 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.683 1.605 9,355,548 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.227 1.283 -- 2006 1.064 1.227 89,149 2005 1.000 1.064 56,835 LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.217 1.249 -- 2006 1.108 1.217 261,381 2005 1.101 1.108 240,427 2004 1.038 1.101 169,169 2003 1.000 1.038 --
474 PIONEER ANNUISTAR FLEX -- 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 Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.304 1.347 -- 2006 1.204 1.304 733,223 2005 1.123 1.204 850,243 2004 1.056 1.123 520,721 2003 1.000 1.056 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.240 1.289 358,778 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.090 2.185 399,355 MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.003 1.121 717,598 2006 1.000 1.003 761,620 Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.003 1.030 1,167,508 2006 0.985 1.003 502,009 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.975 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.047 1.088 1,074,187 2006 0.996 1.047 1,162,142 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.978 0.985 -- 2005 0.973 0.978 402,325 2004 0.985 0.973 506,125 2003 0.999 0.985 175,479 2002 1.000 0.999 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.124 1.173 -- 2005 1.097 1.124 630,810 2004 1.052 1.097 295,758 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.400 1.521 -- 2005 1.255 1.400 720,659 2004 1.080 1.255 398,590 2003 1.000 1.080 --
475 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.013 1.045 -- 2006 1.004 1.013 651,445 2005 1.009 1.004 608,435 2004 1.002 1.009 257,745 2003 1.000 1.002 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.986 1.102 -- 2005 0.996 0.986 33,738 2004 1.000 0.996 23,565 Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.071 1.132 -- 2005 1.056 1.071 183,114 2004 1.033 1.056 164,569 2003 1.000 1.033 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 446,296 Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.255 1.306 90,682 2006 1.096 1.255 86,945 2005 1.000 1.096 74,368 Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.327 3.241 104,927 2006 1.756 2.327 158,053 2005 1.305 1.756 180,153 2004 1.125 1.305 138,136 2003 1.000 1.125 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.487 1.461 776,668 2006 1.245 1.487 813,539 2005 1.207 1.245 808,863 2004 1.063 1.207 465,812 2003 1.000 1.063 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.164 1.274 -- 2006 0.998 1.164 13,586 2005 1.000 0.998 13,586 Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.333 1.683 -- 2005 1.264 1.333 54,132 2004 1.094 1.264 35,674 2003 1.000 1.094 --
476 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.346 1.378 896,960 2006 1.183 1.346 714,941 2005 1.142 1.183 949,580 2004 1.053 1.142 744,391 2003 1.000 1.053 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.141 1.140 80,434 2006 1.042 1.141 85,298 2005 1.000 1.042 68,795 Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.136 1.173 935,207 2006 1.073 1.136 975,685 2005 1.079 1.073 987,496 2004 1.024 1.079 519,755 2003 1.000 1.024 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.212 1.247 247,460 2006 1.083 1.212 260,396 2005 1.000 1.083 190,939 Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.176 1.216 465,626 2006 1.068 1.176 507,680 2005 1.000 1.068 106,744 Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.132 1.170 220,866 2006 1.047 1.132 226,887 2005 1.003 1.047 727,734 Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.151 1.209 58,932 2006 1.080 1.151 41,847 2005 1.070 1.080 41,580 2004 1.029 1.070 43,265 2003 1.000 1.029 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.708 1.891 176,579 2006 1.425 1.708 141,783 2005 1.265 1.425 81,973 2004 1.092 1.265 51,755 2003 1.000 1.092 --
477 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.446 1.489 417,331 2006 1.317 1.446 443,569 2005 1.251 1.317 461,171 2004 1.051 1.251 200,166 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.158 1.224 384,245 2006 1.152 1.158 439,588 2005 1.089 1.152 271,802 2004 1.000 1.089 62,238 Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.071 1.638 173,478 2006 1.552 2.071 166,052 2005 1.382 1.552 173,768 2004 1.044 1.382 142,220 2003 1.000 1.044 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.151 1.353 -- 2006 1.092 1.151 334,803 2005 1.068 1.092 368,751 2004 1.000 1.068 140,878 Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.509 1.369 199,051 2006 1.352 1.509 202,911 2005 1.244 1.352 222,859 2004 1.062 1.244 106,338 2003 1.000 1.062 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.142 1.209 -- 2005 1.149 1.142 24,509 2004 1.038 1.149 7,915 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.145 1.189 1,541,216 2006 1.102 1.145 1,620,651 2005 1.100 1.102 1,576,945 2004 1.023 1.100 817,250 2003 1.000 1.023 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.331 1.324 -- 2006 1.183 1.331 319,598 2005 1.156 1.183 341,434 2004 1.061 1.156 261,486 2003 1.000 1.061 --
478 PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.116 1.187 -- 2006 1.077 1.116 63,778 2005 1.000 1.077 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.138 1.215 -- 2006 1.049 1.138 -- 2005 1.000 1.049 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.160 1.103 22,438 2006 1.014 1.160 21,926 2005 1.000 1.014 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.116 1.213 -- 2006 1.051 1.116 -- 2005 1.000 1.051 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.271 1.434 17,644 2006 1.071 1.271 -- 2005 1.000 1.071 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.203 1.153 8,636 LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.144 1.143 459,689 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.230 1.173 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.226 1.282 -- 2006 1.064 1.226 -- 2005 1.000 1.064 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.111 1.140 -- 2006 1.013 1.111 -- 2005 1.000 1.013 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.176 1.214 -- 2006 1.087 1.176 8,646 2005 1.000 1.087 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.172 1.217 63,778
479 PIONEER ANNUISTAR FLEX -- 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 MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.469 1.535 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.003 1.120 -- 2006 1.000 1.003 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.030 1.058 -- 2006 1.012 1.030 -- MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.975 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.047 1.087 -- 2006 0.996 1.047 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 1.006 1.012 -- 2005 1.000 1.006 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.039 1.084 -- 2005 1.000 1.039 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.142 1.240 -- 2005 1.000 1.142 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 0.998 1.030 -- 2006 0.990 0.998 -- 2005 1.000 0.990 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.989 1.105 -- 2005 1.000 0.989 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.012 1.069 -- 2005 1.000 1.012 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 -- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.254 1.304 -- 2006 1.095 1.254 -- 2005 1.000 1.095 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 1.711 2.381 27,824 2006 1.292 1.711 15,562 2005 1.000 1.292 --
480 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.225 1.203 32,864 2006 1.026 1.225 33,766 2005 1.000 1.026 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.163 1.272 -- 2006 0.998 1.163 -- 2005 1.000 0.998 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.037 1.308 -- 2005 1.000 1.037 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.187 1.215 -- 2006 1.044 1.187 -- 2005 1.000 1.044 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.140 1.138 -- 2006 1.042 1.140 -- 2005 1.000 1.042 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.049 1.082 -- 2006 0.991 1.049 -- 2005 1.000 0.991 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.211 1.245 3,532 2006 1.083 1.211 -- 2005 1.000 1.083 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.175 1.214 -- 2006 1.067 1.175 -- 2005 1.000 1.067 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.131 1.168 -- 2006 1.047 1.131 -- 2005 1.003 1.047 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.085 1.139 -- 2006 1.019 1.085 -- 2005 1.000 1.019 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.346 1.489 19,128 2006 1.123 1.346 19,128 2005 1.000 1.123 --
481 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.159 1.194 8,164 2006 1.057 1.159 8,771 2005 1.000 1.057 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.098 1.160 -- 2006 1.093 1.098 -- 2005 1.000 1.093 -- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 1.568 1.239 11,151 2006 1.175 1.568 10,195 2005 1.000 1.175 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.069 1.255 -- 2006 1.014 1.069 -- 2005 1.000 1.014 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.230 1.116 -- 2006 1.103 1.230 -- 2005 1.000 1.103 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.027 1.087 -- 2005 1.000 1.027 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.035 1.074 -- 2006 0.997 1.035 -- 2005 1.000 0.997 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.149 1.143 -- 2006 1.022 1.149 -- 2005 1.000 1.022 --
PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.177 1.251 -- 2006 1.136 1.177 16,669 2005 1.071 1.136 8,281 2004 1.031 1.071 -- 2003 1.000 1.031 --
482 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.314 1.403 3,139 2006 1.212 1.314 9,217 2005 1.157 1.212 8,049 2004 1.043 1.157 -- 2003 1.000 1.043 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.294 1.230 149,587 2006 1.131 1.294 128,823 2005 1.119 1.131 63,975 2004 1.032 1.119 -- 2003 1.000 1.032 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.410 1.531 89,549 2006 1.328 1.410 66,994 2005 1.297 1.328 35,814 2004 1.191 1.297 7,965 2003 1.000 1.191 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.736 1.957 1,685,764 2006 1.463 1.736 1,664,516 2005 1.359 1.463 831,353 2004 1.174 1.359 -- 2003 1.000 1.174 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.330 1.274 23,964 LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.264 1.262 5,673,888 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.496 1.425 901,568 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.225 1.280 -- 2006 1.064 1.225 66,738 2005 1.000 1.064 24,195 LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.213 1.244 -- 2006 1.106 1.213 18,461 2005 1.100 1.106 17,070 2004 1.038 1.100 -- 2003 1.000 1.038 --
483 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.300 1.342 -- 2006 1.202 1.300 23,964 2005 1.122 1.202 -- 2004 1.056 1.122 -- 2003 1.000 1.056 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.236 1.283 27,033 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.966 2.054 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.003 1.119 90,008 2006 1.000 1.003 76,385 Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.009 1.035 131,419 2006 0.991 1.009 23,504 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.974 1,532 MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.046 1.087 166,071 2006 0.996 1.046 160,471 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.985 0.991 -- 2005 0.980 0.985 56,970 2004 0.993 0.980 -- 2003 1.000 0.993 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.122 1.170 -- 2005 1.095 1.122 19,609 2004 1.052 1.095 -- 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.397 1.517 -- 2005 1.254 1.397 35,788 2004 1.080 1.254 -- 2003 1.000 1.080 --
484 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.010 1.041 -- 2006 1.002 1.010 81,984 2005 1.008 1.002 19,066 2004 1.002 1.008 -- 2003 1.000 1.002 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.984 1.099 -- 2005 0.995 0.984 -- 2004 1.000 0.995 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.069 1.129 -- 2005 1.055 1.069 -- 2004 1.032 1.055 -- 2003 1.000 1.032 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 108,865 Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.253 1.302 200,308 2006 1.095 1.253 204,351 2005 1.000 1.095 6,064 Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.320 3.227 53,210 2006 1.753 2.320 58,870 2005 1.304 1.753 72,531 2004 1.125 1.304 492 2003 1.000 1.125 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.482 1.455 65,230 2006 1.242 1.482 44,773 2005 1.205 1.242 26,379 2004 1.063 1.205 -- 2003 1.000 1.063 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.162 1.271 -- 2006 0.998 1.162 -- 2005 1.000 0.998 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.330 1.677 -- 2005 1.263 1.330 -- 2004 1.094 1.263 -- 2003 1.000 1.094 --
485 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.341 1.373 53,007 2006 1.180 1.341 33,849 2005 1.141 1.180 34,062 2004 1.053 1.141 1,428 2003 1.000 1.053 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.139 1.137 271,374 2006 1.041 1.139 262,171 2005 1.000 1.041 181,834 Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.132 1.168 125,964 2006 1.071 1.132 120,860 2005 1.078 1.071 102,752 2004 1.024 1.078 -- 2003 1.000 1.024 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.210 1.243 170,334 2006 1.083 1.210 170,334 2005 1.000 1.083 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.174 1.213 236,376 2006 1.067 1.174 241,323 2005 1.000 1.067 55,568 Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.131 1.167 688,294 2006 1.046 1.131 567,039 2005 1.003 1.046 136,692 Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.148 1.204 4,695 2006 1.078 1.148 4,708 2005 1.069 1.078 4,439 2004 1.029 1.069 707 2003 1.000 1.029 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.703 1.883 46,751 2006 1.422 1.703 45,073 2005 1.263 1.422 33,192 2004 1.092 1.263 1,514 2003 1.000 1.092 --
486 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.442 1.483 123,384 2006 1.314 1.442 130,919 2005 1.250 1.314 95,256 2004 1.051 1.250 908 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.155 1.220 135,458 2006 1.150 1.155 131,568 2005 1.088 1.150 19,084 2004 1.000 1.088 918 Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.064 1.631 39,310 2006 1.548 2.064 39,327 2005 1.380 1.548 3,133 2004 1.043 1.380 546 2003 1.000 1.043 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.148 1.349 -- 2006 1.090 1.148 89,268 2005 1.067 1.090 10,497 2004 1.000 1.067 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.504 1.364 91,013 2006 1.349 1.504 89,399 2005 1.243 1.349 66,580 2004 1.061 1.243 708 2003 1.000 1.061 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.140 1.206 -- 2005 1.148 1.140 10,534 2004 1.038 1.148 -- 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.142 1.184 307,762 2006 1.100 1.142 238,603 2005 1.099 1.100 62,224 2004 1.023 1.099 2,482 2003 1.000 1.023 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.327 1.319 -- 2006 1.181 1.327 15,584 2005 1.155 1.181 6,081 2004 1.061 1.155 976 2003 1.000 1.061 --
487 PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.173 1.247 -- 2006 1.134 1.173 38,751 2005 1.070 1.134 36,023 2004 1.031 1.070 33,380 2003 1.000 1.031 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.310 1.397 2,419 2006 1.210 1.310 2,461 2005 1.156 1.210 1,943 2004 1.043 1.156 -- 2003 1.000 1.043 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.290 1.225 205,401 2006 1.128 1.290 219,904 2005 1.118 1.128 221,701 2004 1.032 1.118 239,289 2003 1.000 1.032 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.530 1.661 29,907 2006 1.443 1.530 33,135 2005 1.411 1.443 53,779 2004 1.297 1.411 76,355 2003 0.968 1.297 4,318 2002 1.000 0.968 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.880 2.117 301,696 2006 1.586 1.880 324,994 2005 1.475 1.586 319,848 2004 1.275 1.475 261,521 2003 0.988 1.275 22,009 2002 1.000 0.988 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.325 1.269 170,736 LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.349 1.346 597,806 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.668 1.588 268,114
488 PIONEER ANNUISTAR FLEX -- 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 II) (5/05)........ 2007 1.223 1.278 -- 2006 1.063 1.223 -- 2005 1.000 1.063 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.209 1.240 -- 2006 1.104 1.209 51,430 2005 1.099 1.104 51,430 2004 1.038 1.099 48,252 2003 1.000 1.038 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.296 1.338 -- 2006 1.199 1.296 180,858 2005 1.121 1.199 179,537 2004 1.056 1.121 182,258 2003 1.000 1.056 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.232 1.278 38,126 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 2.072 2.163 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.002 1.117 42,591 2006 1.000 1.002 42,591 Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 0.995 1.020 8,890 2006 0.978 0.995 8,154 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.974 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.046 1.085 219,318 2006 0.996 1.046 153,095 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.973 0.978 -- 2005 0.969 0.973 6,880 2004 0.983 0.969 -- 2003 0.999 0.983 -- 2002 1.000 0.999 --
489 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.120 1.167 -- 2005 1.094 1.120 36,295 2004 1.052 1.094 36,298 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.394 1.513 -- 2005 1.253 1.394 101,304 2004 1.080 1.253 100,600 2003 1.000 1.080 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.007 1.037 -- 2006 1.000 1.007 30,642 2005 1.007 1.000 26,633 2004 1.002 1.007 14,168 2003 1.000 1.002 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.982 1.096 -- 2005 0.994 0.982 42,199 2004 1.000 0.994 40,346 Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.066 1.125 -- 2005 1.054 1.066 11,781 2004 1.032 1.054 10,823 2003 1.000 1.032 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 28,407 Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.251 1.298 32,105 2006 1.094 1.251 37,638 2005 1.000 1.094 41,161 Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.313 3.214 8,003 2006 1.749 2.313 10,053 2005 1.302 1.749 11,771 2004 1.125 1.302 11,318 2003 1.000 1.125 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.477 1.449 82,747 2006 1.240 1.477 87,938 2005 1.204 1.240 88,210 2004 1.063 1.204 97,012 2003 1.000 1.063 --
490 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.160 1.268 -- 2006 0.997 1.160 -- 2005 1.000 0.997 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.327 1.672 -- 2005 1.261 1.327 3,040 2004 1.093 1.261 2,893 2003 1.000 1.093 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.337 1.367 129,478 2006 1.178 1.337 115,301 2005 1.139 1.178 114,419 2004 1.052 1.139 108,895 2003 1.000 1.052 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.137 1.133 347,875 2006 1.041 1.137 324,902 2005 1.000 1.041 290,000 Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.129 1.163 159,944 2006 1.069 1.129 163,058 2005 1.077 1.069 159,923 2004 1.024 1.077 343,541 2003 1.000 1.024 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.208 1.240 38,295 2006 1.082 1.208 38,295 2005 1.000 1.082 3,255 Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.173 1.210 -- 2006 1.066 1.173 -- 2005 1.000 1.066 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.129 1.164 11,888 2006 1.046 1.129 12,043 2005 1.003 1.046 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.144 1.199 -- 2006 1.075 1.144 -- 2005 1.068 1.075 -- 2004 1.029 1.068 -- 2003 1.000 1.029 --
491 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.697 1.875 10,902 2006 1.419 1.697 10,907 2005 1.262 1.419 7,902 2004 1.092 1.262 7,607 2003 1.000 1.092 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.437 1.477 106,619 2006 1.312 1.437 113,748 2005 1.249 1.312 116,017 2004 1.051 1.249 120,187 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.152 1.215 55,994 2006 1.148 1.152 59,842 2005 1.088 1.148 19,339 2004 1.000 1.088 -- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.058 1.624 7,992 2006 1.545 2.058 10,744 2005 1.378 1.545 10,389 2004 1.043 1.378 21,650 2003 1.000 1.043 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.145 1.344 -- 2006 1.088 1.145 60,326 2005 1.066 1.088 57,697 2004 1.000 1.066 56,735 Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.500 1.358 39,980 2006 1.346 1.500 40,582 2005 1.242 1.346 40,351 2004 1.061 1.242 40,103 2003 1.000 1.061 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.137 1.203 -- 2005 1.146 1.137 1,828 2004 1.038 1.146 1,662 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.138 1.179 55,165 2006 1.098 1.138 57,872 2005 1.098 1.098 57,385 2004 1.023 1.098 23,760 2003 1.000 1.023 --
492 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.323 1.314 -- 2006 1.178 1.323 30,760 2005 1.153 1.178 30,273 2004 1.061 1.153 28,516 2003 1.000 1.061 --
PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.155 1.227 -- 2006 1.116 1.155 -- 2005 1.054 1.116 -- 2004 1.000 1.054 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.206 1.285 -- 2006 1.114 1.206 -- 2005 1.064 1.114 -- 2004 1.000 1.064 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.235 1.172 -- 2006 1.081 1.235 -- 2005 1.072 1.081 -- 2004 1.000 1.072 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.175 1.274 -- 2006 1.108 1.175 -- 2005 1.084 1.108 -- 2004 1.000 1.084 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.470 1.655 1,211 2006 1.241 1.470 1,212 2005 1.155 1.241 40,479 2004 1.000 1.155 6,678 Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.242 1.189 -- LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.163 1.160 14,581 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.277 1.215 --
493 PIONEER ANNUISTAR FLEX -- 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 Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.222 1.277 -- 2006 1.063 1.222 -- 2005 1.000 1.063 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.158 1.187 -- 2006 1.057 1.158 16 2005 1.053 1.057 -- 2004 1.000 1.053 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.215 1.254 -- 2006 1.125 1.215 -- 2005 1.052 1.125 -- 2004 1.000 1.052 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.212 1.257 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.695 1.769 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.002 1.117 -- 2006 1.000 1.002 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.019 1.044 109,702 2006 1.003 1.019 196,708 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.973 17,495 MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.045 1.084 -- 2006 0.996 1.045 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.997 1.003 -- 2005 0.993 0.997 -- 2004 1.000 0.993 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.070 1.115 -- 2005 1.046 1.070 -- 2004 1.000 1.046 --
494 PIONEER ANNUISTAR FLEX -- 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 Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.300 1.410 -- 2005 1.168 1.300 -- 2004 1.000 1.168 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.030 1.061 -- 2006 1.024 1.030 18 2005 1.032 1.024 -- 2004 1.000 1.032 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.978 1.091 -- 2005 0.991 0.978 -- 2004 1.000 0.991 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.037 1.094 -- 2005 1.025 1.037 -- 2004 1.000 1.025 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 -- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.250 1.297 -- 2006 1.094 1.250 -- 2005 1.000 1.094 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.296 3.190 -- 2006 1.737 2.296 -- 2005 1.294 1.737 -- 2004 1.000 1.294 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.378 1.351 -- 2006 1.157 1.378 -- 2005 1.124 1.157 -- 2004 1.000 1.124 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.160 1.266 -- 2006 0.997 1.160 -- 2005 1.000 0.997 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.237 1.558 -- 2005 1.177 1.237 -- 2004 1.000 1.177 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.278 1.306 -- 2006 1.126 1.278 -- 2005 1.090 1.126 -- 2004 1.000 1.090 --
495 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.136 1.132 1,329,744 2006 1.040 1.136 1,086,343 2005 1.000 1.040 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.135 1.169 12,167 2006 1.075 1.135 -- 2005 1.084 1.075 -- 2004 1.000 1.084 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.207 1.238 -- 2006 1.082 1.207 -- 2005 1.000 1.082 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.172 1.208 7,974,136 2006 1.066 1.172 5,330,729 2005 1.000 1.066 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.128 1.163 3,547,447 2006 1.045 1.128 1,678,324 2005 1.003 1.045 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.156 1.212 -- 2006 1.088 1.156 -- 2005 1.080 1.088 -- 2004 1.000 1.080 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.571 1.735 -- 2006 1.314 1.571 -- 2005 1.169 1.314 -- 2004 1.000 1.169 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.314 1.350 -- 2006 1.200 1.314 -- 2005 1.143 1.200 -- 2004 1.000 1.143 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.131 1.193 -- 2006 1.128 1.131 -- 2005 1.069 1.128 -- 2004 1.000 1.069 --
496 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 1.950 1.538 -- 2006 1.465 1.950 -- 2005 1.307 1.465 -- 2004 1.000 1.307 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.083 1.271 -- 2006 1.030 1.083 -- 2005 1.010 1.030 -- 2004 1.000 1.010 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.391 1.259 -- 2006 1.250 1.391 -- 2005 1.153 1.250 -- 2004 1.000 1.153 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.098 1.161 -- 2005 1.107 1.098 -- 2004 1.000 1.107 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.137 1.177 71,663 2006 1.097 1.137 23,836 2005 1.098 1.097 -- 2004 1.000 1.098 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.243 1.235 -- 2006 1.108 1.243 -- 2005 1.085 1.108 -- 2004 1.000 1.085 --
PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.55%
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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.153 1.225 -- 2006 1.115 1.153 10,572 2005 1.054 1.115 4,484 2004 1.000 1.054 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.204 1.283 5,008 2006 1.113 1.204 5,118 2005 1.064 1.113 2,228 2004 1.000 1.064 --
497 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.55% (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 Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.233 1.170 36,615 2006 1.080 1.233 36,328 2005 1.071 1.080 31,205 2004 1.000 1.071 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.173 1.272 18,888 2006 1.107 1.173 19,904 2005 1.084 1.107 19,784 2004 1.000 1.084 9,872 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.468 1.653 40,294 2006 1.240 1.468 43,616 2005 1.155 1.240 30,423 2004 1.000 1.155 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.241 1.187 25,482 LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.161 1.158 49,884 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.275 1.213 723 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.221 1.276 -- 2006 1.062 1.221 -- 2005 1.000 1.062 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.156 1.185 -- 2006 1.056 1.156 -- 2005 1.052 1.056 -- 2004 1.000 1.052 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.214 1.252 -- 2006 1.124 1.214 25,482 2005 1.052 1.124 25,482 2004 1.000 1.052 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.210 1.255 9,921 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.693 1.766 19,783
498 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.55% (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 Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.001 1.116 -- 2006 1.000 1.001 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.018 1.042 142,532 2006 1.002 1.018 92,708 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.973 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.045 1.083 11,203 2006 0.996 1.045 12,057 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.996 1.002 -- 2005 0.993 0.996 39,858 2004 1.000 0.993 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.069 1.114 -- 2005 1.046 1.069 -- 2004 1.000 1.046 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.299 1.409 -- 2005 1.168 1.299 3,935 2004 1.000 1.168 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.029 1.059 -- 2006 1.023 1.029 79,869 2005 1.032 1.023 33,873 2004 1.000 1.032 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.978 1.090 -- 2005 0.991 0.978 -- 2004 1.000 0.991 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.036 1.092 -- 2005 1.025 1.036 -- 2004 1.000 1.025 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 83,985
499 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.55% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.249 1.295 -- 2006 1.093 1.249 -- 2005 1.000 1.093 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.293 3.184 8,152 2006 1.736 2.293 12,089 2005 1.294 1.736 6,296 2004 1.000 1.294 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.377 1.349 -- 2006 1.156 1.377 -- 2005 1.124 1.156 -- 2004 1.000 1.124 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.159 1.265 -- 2006 0.997 1.159 -- 2005 1.000 0.997 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.236 1.556 -- 2005 1.176 1.236 -- 2004 1.000 1.176 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.276 1.303 36,045 2006 1.125 1.276 -- 2005 1.089 1.125 -- 2004 1.000 1.089 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.136 1.130 63,050 2006 1.040 1.136 62,573 2005 1.000 1.040 63,320 Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.134 1.167 74,298 2006 1.074 1.134 74,808 2005 1.084 1.074 55,765 2004 1.000 1.084 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.206 1.237 -- 2006 1.081 1.206 -- 2005 1.000 1.081 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.171 1.207 -- 2006 1.066 1.171 -- 2005 1.000 1.066 --
500 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.55% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.127 1.161 -- 2006 1.045 1.127 -- 2005 1.003 1.045 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.155 1.209 -- 2006 1.087 1.155 -- 2005 1.080 1.087 -- 2004 1.000 1.080 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.569 1.732 10,579 2006 1.313 1.569 12,228 2005 1.169 1.313 6,002 2004 1.000 1.169 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.312 1.347 17,291 2006 1.199 1.312 17,291 2005 1.142 1.199 17,291 2004 1.000 1.142 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.130 1.191 15,350 2006 1.128 1.130 16,184 2005 1.069 1.128 6,799 2004 1.000 1.069 -- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 1.947 1.535 13,846 2006 1.463 1.947 13,130 2005 1.307 1.463 6,985 2004 1.000 1.307 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.082 1.269 -- 2006 1.029 1.082 37,539 2005 1.009 1.029 27,863 2004 1.000 1.009 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.389 1.257 18,536 2006 1.249 1.389 18,175 2005 1.153 1.249 8,131 2004 1.000 1.153 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.097 1.160 -- 2005 1.107 1.097 -- 2004 1.000 1.107 --
501 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.55% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.135 1.175 29,764 2006 1.096 1.135 29,010 2005 1.097 1.096 23,096 2004 1.000 1.097 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.242 1.233 -- 2006 1.107 1.242 40,659 2005 1.085 1.107 18,026 2004 1.000 1.085 --
PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.65%
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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.166 1.239 -- 2006 1.129 1.166 11,660 2005 1.068 1.129 16,532 2004 1.031 1.068 15,243 2003 1.000 1.031 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.302 1.385 -- 2006 1.205 1.302 -- 2005 1.153 1.205 -- 2004 1.042 1.153 -- 2003 1.000 1.042 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.282 1.215 60,075 2006 1.124 1.282 60,652 2005 1.116 1.124 77,251 2004 1.032 1.116 74,934 2003 1.000 1.032 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.395 1.511 28,339 2006 1.318 1.395 32,417 2005 1.292 1.318 39,590 2004 1.190 1.292 36,614 2003 1.000 1.190 --
502 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.65% (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) (2/00)................................... 2007 1.718 1.932 37,773 2006 1.453 1.718 34,073 2005 1.354 1.453 41,581 2004 1.173 1.354 39,024 2003 1.000 1.173 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.316 1.259 40,944 LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.250 1.246 22,179 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.479 1.407 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.219 1.273 -- 2006 1.062 1.219 -- 2005 1.000 1.062 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.202 1.232 -- 2006 1.099 1.202 10,987 2005 1.096 1.099 -- 2004 1.037 1.096 -- 2003 1.000 1.037 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.288 1.328 -- 2006 1.194 1.288 38,118 2005 1.118 1.194 39,508 2004 1.056 1.118 34,041 2003 1.000 1.056 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.223 1.268 11,176 MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.944 2.027 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.001 1.114 30,020 2006 1.000 1.001 29,146 Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 0.998 1.021 36,250 2006 0.983 0.998 38,077 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.972 --
503 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.65% (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 1.044 1.081 15,657 2006 0.996 1.044 16,432 Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.978 0.983 -- 2005 0.976 0.978 40,712 2004 0.992 0.976 35,314 2003 1.000 0.992 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.115 1.161 -- 2005 1.092 1.115 26,841 2004 1.052 1.092 22,202 2003 1.000 1.052 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.388 1.506 -- 2005 1.250 1.388 15,536 2004 1.080 1.250 16,085 2003 1.000 1.080 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.001 1.029 -- 2006 0.996 1.001 80,755 2005 1.005 0.996 38,119 2004 1.001 1.005 35,567 2003 1.000 1.001 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.978 1.089 -- 2005 0.993 0.978 16,012 2004 1.000 0.993 13,393 Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.062 1.118 -- 2005 1.051 1.062 -- 2004 1.032 1.051 -- 2003 1.000 1.032 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 76,996 Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.246 1.291 -- 2006 1.092 1.246 -- 2005 1.000 1.092 4,905
504 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.65% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.298 3.188 17,202 2006 1.742 2.298 25,035 2005 1.299 1.742 37,507 2004 1.124 1.299 39,586 2003 1.000 1.124 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.468 1.437 -- 2006 1.234 1.468 -- 2005 1.201 1.234 -- 2004 1.063 1.201 -- 2003 1.000 1.063 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.157 1.262 -- 2006 0.996 1.157 -- 2005 1.000 0.996 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.322 1.662 -- 2005 1.259 1.322 2,281 2004 1.093 1.259 2,281 2003 1.000 1.093 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.329 1.356 100,859 2006 1.173 1.329 66,424 2005 1.137 1.173 79,024 2004 1.052 1.137 74,378 2003 1.000 1.052 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.134 1.127 53,784 2006 1.039 1.134 28,603 2005 1.000 1.039 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.122 1.153 119,734 2006 1.064 1.122 115,966 2005 1.075 1.064 113,735 2004 1.024 1.075 9,601 2003 1.000 1.024 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.204 1.234 -- 2006 1.081 1.204 -- 2005 1.000 1.081 4,988 Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.169 1.203 3,790,665 2006 1.065 1.169 2,963,327 2005 1.000 1.065 --
505 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.65% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.125 1.158 970,909 2006 1.045 1.125 858,943 2005 1.003 1.045 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.137 1.189 -- 2006 1.071 1.137 -- 2005 1.066 1.071 -- 2004 1.029 1.066 -- 2003 1.000 1.029 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.687 1.860 -- 2006 1.413 1.687 -- 2005 1.259 1.413 -- 2004 1.092 1.259 -- 2003 1.000 1.092 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.428 1.465 1,991 2006 1.306 1.428 2,143 2005 1.246 1.306 1,781 2004 1.051 1.246 1,965 2003 1.000 1.051 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.145 1.206 35,070 2006 1.144 1.145 34,272 2005 1.086 1.144 15,476 2004 1.000 1.086 13,088 Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 2.045 1.611 -- 2006 1.539 2.045 -- 2005 1.375 1.539 8,481 2004 1.043 1.375 8,481 2003 1.000 1.043 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.139 1.334 -- 2006 1.084 1.139 -- 2005 1.064 1.084 -- 2004 1.000 1.064 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.490 1.347 -- 2006 1.341 1.490 -- 2005 1.239 1.341 4,518 2004 1.061 1.239 4,518 2003 1.000 1.061 --
506 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.65% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.132 1.197 -- 2005 1.144 1.132 -- 2004 1.038 1.144 -- 2003 1.000 1.038 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.131 1.169 129,165 2006 1.093 1.131 116,347 2005 1.095 1.093 82,149 2004 1.023 1.095 73,931 2003 1.000 1.023 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.314 1.304 -- 2006 1.173 1.314 44,121 2005 1.151 1.173 52,572 2004 1.061 1.151 47,115 2003 1.000 1.061 --
PIONEER ANNUISTAR FLEX -- 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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.149 1.220 -- 2006 1.113 1.149 -- 2005 1.053 1.113 -- 2004 1.000 1.053 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.199 1.276 -- 2006 1.110 1.199 -- 2005 1.063 1.110 -- 2004 1.000 1.063 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.229 1.164 -- 2006 1.078 1.229 -- 2005 1.070 1.078 -- 2004 1.000 1.070 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.169 1.265 -- 2006 1.105 1.169 -- 2005 1.083 1.105 -- 2004 1.000 1.083 --
507 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.463 1.644 7,824 2006 1.237 1.463 8,544 2005 1.154 1.237 4,762 2004 1.000 1.154 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.235 1.181 -- LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.156 1.152 85,415 LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.269 1.207 5,857 Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.218 1.272 -- 2006 1.061 1.218 -- 2005 1.000 1.061 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.152 1.180 -- 2006 1.054 1.152 -- 2005 1.052 1.054 -- 2004 1.000 1.052 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.209 1.247 -- 2006 1.122 1.209 -- 2005 1.051 1.122 -- 2004 1.000 1.051 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.205 1.248 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.685 1.757 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.000 1.113 -- 2006 1.000 1.000 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.014 1.037 -- 2006 0.999 1.014 -- MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.972 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.044 1.080 -- 2006 0.996 1.044 --
508 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.994 0.999 -- 2005 0.992 0.994 -- 2004 1.000 0.992 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.067 1.111 -- 2005 1.045 1.067 -- 2004 1.000 1.045 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.296 1.405 -- 2005 1.167 1.296 -- 2004 1.000 1.167 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.025 1.054 -- 2006 1.021 1.025 -- 2005 1.031 1.021 -- 2004 1.000 1.031 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.975 1.086 -- 2005 0.990 0.975 -- 2004 1.000 0.990 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.034 1.088 -- 2005 1.024 1.034 -- 2004 1.000 1.024 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 -- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.245 1.289 -- 2006 1.092 1.245 -- 2005 1.000 1.092 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.285 3.168 -- 2006 1.732 2.285 -- 2005 1.293 1.732 -- 2004 1.000 1.293 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.371 1.342 -- 2006 1.153 1.371 -- 2005 1.123 1.153 -- 2004 1.000 1.123 --
509 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.156 1.261 -- 2006 0.996 1.156 -- 2005 1.000 0.996 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.234 1.551 -- 2005 1.175 1.234 -- 2004 1.000 1.175 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.271 1.296 -- 2006 1.122 1.271 -- 2005 1.088 1.122 -- 2004 1.000 1.088 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.133 1.126 6,272 2006 1.039 1.133 -- 2005 1.000 1.039 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.130 1.161 -- 2006 1.072 1.130 -- 2005 1.083 1.072 -- 2004 1.000 1.083 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.203 1.232 -- 2006 1.080 1.203 -- 2005 1.000 1.080 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.168 1.202 1,702,527 2006 1.065 1.168 865,076 2005 1.000 1.065 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.124 1.157 292,713 2006 1.044 1.124 10,154 2005 1.003 1.044 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.151 1.203 -- 2006 1.084 1.151 -- 2005 1.079 1.084 -- 2004 1.000 1.079 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.563 1.723 -- 2006 1.310 1.563 -- 2005 1.168 1.310 -- 2004 1.000 1.168 --
510 PIONEER ANNUISTAR FLEX -- 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 -------------- ---- ------------- ------------- --------------- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.307 1.340 -- 2006 1.196 1.307 -- 2005 1.142 1.196 -- 2004 1.000 1.142 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.126 1.184 -- 2006 1.125 1.126 -- 2005 1.068 1.125 -- 2004 1.000 1.068 -- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 1.940 1.527 -- 2006 1.460 1.940 -- 2005 1.306 1.460 -- 2004 1.000 1.306 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.078 1.262 -- 2006 1.027 1.078 -- 2005 1.009 1.027 -- 2004 1.000 1.009 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.384 1.250 -- 2006 1.246 1.384 -- 2005 1.152 1.246 -- 2004 1.000 1.152 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.094 1.157 -- 2005 1.106 1.094 -- 2004 1.000 1.106 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.131 1.169 -- 2006 1.094 1.131 -- 2005 1.096 1.094 -- 2004 1.000 1.096 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.237 1.226 -- 2006 1.105 1.237 -- 2005 1.084 1.105 -- 2004 1.000 1.084 --
511 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.75%
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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 1.147 1.218 -- 2006 1.112 1.147 -- 2005 1.052 1.112 -- 2004 1.000 1.052 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.198 1.273 -- 2006 1.109 1.198 -- 2005 1.063 1.109 -- 2004 1.000 1.063 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.227 1.162 -- 2006 1.077 1.227 -- 2005 1.070 1.077 -- 2004 1.000 1.070 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 1.167 1.263 -- 2006 1.104 1.167 -- 2005 1.083 1.104 -- 2004 1.000 1.083 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.461 1.641 9,241 2006 1.236 1.461 9,241 2005 1.154 1.236 9,241 2004 1.000 1.154 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.234 1.179 -- LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.155 1.150 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.268 1.205 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.217 1.271 -- 2006 1.061 1.217 -- 2005 1.000 1.061 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.150 1.178 -- 2006 1.053 1.150 -- 2005 1.051 1.053 -- 2004 1.000 1.051 --
512 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.75% (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 II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.208 1.245 -- 2006 1.121 1.208 -- 2005 1.050 1.121 -- 2004 1.000 1.050 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.203 1.246 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.683 1.754 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 1.000 1.112 -- 2006 1.000 1.000 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.013 1.035 12,815 2006 0.998 1.013 12,844 MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.972 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.044 1.079 -- 2006 0.996 1.044 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 0.993 0.998 -- 2005 0.992 0.993 12,874 2004 1.000 0.992 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.066 1.110 -- 2005 1.045 1.066 -- 2004 1.000 1.045 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.295 1.404 -- 2005 1.166 1.295 -- 2004 1.000 1.166 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.024 1.052 -- 2006 1.020 1.024 -- 2005 1.030 1.020 -- 2004 1.000 1.030 --
513 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.75% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 0.975 1.084 -- 2005 0.990 0.975 -- 2004 1.000 0.990 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.033 1.087 -- 2005 1.024 1.033 -- 2004 1.000 1.024 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.090 -- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.244 1.288 -- 2006 1.092 1.244 -- 2005 1.000 1.092 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 2.282 3.162 -- 2006 1.731 2.282 -- 2005 1.293 1.731 -- 2004 1.000 1.293 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.370 1.339 -- 2006 1.153 1.370 -- 2005 1.123 1.153 -- 2004 1.000 1.123 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.156 1.259 -- 2006 0.996 1.156 -- 2005 1.000 0.996 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.233 1.549 -- 2005 1.175 1.233 -- 2004 1.000 1.175 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.270 1.294 -- 2006 1.121 1.270 -- 2005 1.088 1.121 -- 2004 1.000 1.088 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.132 1.124 -- 2006 1.039 1.132 -- 2005 1.000 1.039 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.128 1.159 -- 2006 1.071 1.128 -- 2005 1.083 1.071 -- 2004 1.000 1.083 --
514 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.75% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.203 1.230 -- 2006 1.080 1.203 -- 2005 1.000 1.080 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.167 1.200 22,264 2006 1.065 1.167 -- 2005 1.000 1.065 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.124 1.155 34,979 2006 1.044 1.124 -- 2005 1.003 1.044 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.149 1.201 -- 2006 1.083 1.149 -- 2005 1.079 1.083 -- 2004 1.000 1.079 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.561 1.720 -- 2006 1.309 1.561 -- 2005 1.168 1.309 -- 2004 1.000 1.168 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.306 1.338 -- 2006 1.195 1.306 -- 2005 1.141 1.195 -- 2004 1.000 1.141 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.124 1.182 -- 2006 1.124 1.124 -- 2005 1.068 1.124 -- 2004 1.000 1.068 -- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 1.937 1.525 -- 2006 1.459 1.937 -- 2005 1.305 1.459 -- 2004 1.000 1.305 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.077 1.260 -- 2006 1.026 1.077 -- 2005 1.008 1.026 -- 2004 1.000 1.008 --
515 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.75% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.382 1.248 -- 2006 1.245 1.382 -- 2005 1.151 1.245 -- 2004 1.000 1.151 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.093 1.156 -- 2005 1.106 1.093 -- 2004 1.000 1.106 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.130 1.167 -- 2006 1.093 1.130 -- 2005 1.096 1.093 -- 2004 1.000 1.096 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.236 1.224 -- 2006 1.104 1.236 -- 2005 1.084 1.104 -- 2004 1.000 1.084 --
PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.85%
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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 0.986 1.046 -- 2006 1.000 0.986 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.036 1.100 -- 2006 1.000 1.036 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.107 1.047 -- 2006 1.000 1.107 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 0.994 1.075 -- 2006 1.000 0.994 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.134 1.272 -- 2006 1.000 1.134 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.046 0.999 -- LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.085 1.080 --
516 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.85% (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) (4/07)............................................. 2007 1.135 1.078 -- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.102 1.150 -- 2006 1.000 1.102 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.068 1.093 -- 2006 1.000 1.068 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.024 1.056 -- 2006 1.000 1.024 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.033 1.069 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.264 1.316 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 0.999 1.110 -- 2006 1.000 0.999 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.018 1.039 -- 2006 1.004 1.018 -- MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.971 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.043 1.077 -- 2006 0.996 1.043 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 1.000 1.004 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.000 1.005 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.000 1.033 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.005 1.032 -- 2006 1.000 1.005 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 1.000 1.084 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.000 1.030 --
517 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.85% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.089 -- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.100 1.138 -- 2006 1.000 1.100 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 1.181 1.635 -- 2006 1.000 1.181 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.151 1.124 -- 2006 1.000 1.151 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.107 1.205 -- 2006 1.000 1.107 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.000 1.190 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.100 1.120 -- 2006 1.000 1.100 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.074 1.066 -- 2006 1.000 1.074 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.044 1.071 -- 2006 1.000 1.044 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.070 1.094 -- 2006 1.000 1.070 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.060 1.090 329,447 2006 1.000 1.060 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.049 1.077 897,303 2006 1.000 1.049 765,700 Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.054 1.101 -- 2006 1.000 1.054 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.122 1.235 -- 2006 1.000 1.122 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.064 1.089 -- 2006 1.000 1.064 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 0.983 1.032 -- 2006 1.000 0.983 --
518 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.85% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 1.245 0.979 -- 2006 1.000 1.245 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.004 1.174 -- 2006 1.000 1.004 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.035 0.934 -- 2006 1.000 1.035 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.000 0.986 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.028 1.061 -- 2006 1.000 1.028 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.081 1.070 -- 2006 1.000 1.081 --
PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.90%
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. Capital Appreciation Subaccount (Series II) (11/03)........................................ 2007 0.985 1.046 -- 2006 1.000 0.985 -- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (11/03)............................................ 2007 1.036 1.099 -- 2006 1.000 1.036 -- Franklin Templeton Variable Insurance Products Trust FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (11/03)....................... 2007 1.107 1.046 -- 2006 1.000 1.107 -- FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (2/00)........................ 2007 0.994 1.074 -- 2006 1.000 0.994 -- FTVIPT Templeton Foreign Securities Subaccount (Class 2) (2/00)................................... 2007 1.133 1.271 -- 2006 1.000 1.133 -- Legg Mason Partners Variable Equity Trust LMPVET Aggressive Growth Subaccount (Class II) (4/07)............................................. 2007 1.046 0.998 -- LMPVET Capital and Income Subaccount (Class II) (4/07)............................................. 2007 1.084 1.079 -- LMPVET Fundamental Value Subaccount (Class I) (4/07)............................................. 2007 1.134 1.077 --
519 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Legg Mason Partners Variable Portfolios I, Inc. LMPVPI All Cap Subaccount (Class II) (5/05)........ 2007 1.102 1.150 -- 2006 1.000 1.102 -- LMPVPI Total Return Subaccount (Class II) (11/03).. 2007 1.067 1.093 -- 2006 1.000 1.067 -- Legg Mason Partners Variable Portfolios II LMPVPII Aggressive Growth Subaccount (Class II) (11/03)............................................ 2007 1.024 1.055 -- 2006 1.000 1.024 -- Met Investors Series Trust MIST Met/AIM Capital Appreciation Subaccount (Class E) (4/07) *........................................ 2007 1.033 1.068 -- MIST MFS(R) Research International Subaccount (Class B) (4/07)................................... 2007 1.263 1.315 -- MIST Oppenheimer Capital Appreciation Subaccount (Class B) (1/70)................................... 2007 0.999 1.109 -- 2006 1.000 0.999 -- Metropolitan Series Fund, Inc. MSF BlackRock Money Market Subaccount (Class A) (1/70)............................................. 2007 1.017 1.038 -- 2006 1.004 1.017 -- MSF MFS(R) Total Return Subaccount (Class B) (4/07)............................................. 2007 0.996 0.971 -- MSF Oppenheimer Global Equity Subaccount (Class B) (1/70)............................................. 2007 1.043 1.077 -- 2006 0.996 1.043 -- Money Market Portfolio Money Market Subaccount (3/02)..................... 2006 1.000 1.004 -- Oppenheimer Variable Account Funds Oppenheimer Capital Appreciation Subaccount/VA (Service Shares) (11/03)........................... 2006 1.000 1.005 -- Oppenheimer Global Securities Subaccount/VA (Service Shares) (11/03)........................... 2006 1.000 1.033 -- Pioneer Variable Contracts Trust Pioneer America Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.005 1.031 -- 2006 1.000 1.005 -- Pioneer AmPac Growth VCT Subaccount (Class II) (3/04)............................................. 2006 1.000 1.084 -- Pioneer Balanced VCT Subaccount (Class II) (11/03)............................................ 2006 1.000 1.030 -- Pioneer Bond VCT Subaccount (Class II) (4/07)...... 2007 1.000 1.089 --
520 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Cullen Value VCT Subaccount (Class II) (3/05)............................................. 2007 1.100 1.137 -- 2006 1.000 1.100 -- Pioneer Emerging Markets VCT Subaccount (Class II) (11/03)............................................ 2007 1.180 1.633 -- 2006 1.000 1.180 -- Pioneer Equity Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.150 1.123 -- 2006 1.000 1.150 -- Pioneer Equity Opportunity VCT Subaccount (Class II) (8/05)......................................... 2007 1.106 1.204 -- 2006 1.000 1.106 -- Pioneer Europe VCT Subaccount (Class II) (11/03)... 2006 1.000 1.190 -- Pioneer Fund VCT Subaccount (Class II) (11/03)..... 2007 1.099 1.119 -- 2006 1.000 1.099 -- Pioneer Global High Yield VCT Subaccount (Class II) (4/05)............................................. 2007 1.073 1.065 -- 2006 1.000 1.073 -- Pioneer High Yield VCT Subaccount (Class II) (11/03)............................................ 2007 1.043 1.070 -- 2006 1.000 1.043 -- Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (5/05)....................... 2007 1.070 1.093 -- 2006 1.000 1.070 -- Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (5/05).................................. 2007 1.060 1.089 -- 2006 1.000 1.060 -- Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (7/05).................................. 2007 1.049 1.076 -- 2006 1.000 1.049 -- Pioneer Independence VCT Subaccount (Class II) (11/03)............................................ 2007 1.054 1.100 -- 2006 1.000 1.054 -- Pioneer International Value VCT Subaccount (Class II) (11/03)........................................ 2007 1.121 1.234 -- 2006 1.000 1.121 -- Pioneer Mid Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.064 1.088 -- 2006 1.000 1.064 -- Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 0.982 1.031 -- 2006 1.000 0.982 --
521 PIONEER ANNUISTAR FLEX -- SEPARATE ACCOUNT CHARGES 2.90% (CONTINUED)
UNIT VALUE AT NUMBER OF UNITS BEGINNING OF UNIT VALUE AT OUTSTANDING AT PORTFOLIO NAME YEAR YEAR END OF YEAR END OF YEAR -------------- ---- ------------- ------------- --------------- Pioneer Real Estate Shares VCT Subaccount (Class II) (11/03)........................................ 2007 1.245 0.978 -- 2006 1.000 1.245 -- Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (3/04).................................. 2007 1.003 1.173 -- 2006 1.000 1.003 -- Pioneer Small Cap Value VCT Subaccount (Class II) (11/03)............................................ 2007 1.035 0.933 -- 2006 1.000 1.035 -- Pioneer Small Company VCT Subaccount (Class II) (11/03)............................................ 2006 1.000 0.986 -- Pioneer Strategic Income VCT Subaccount (Class II) (11/03)............................................ 2007 1.028 1.060 -- 2006 1.000 1.028 -- Pioneer Value VCT Subaccount (Class II) (11/03).... 2007 1.080 1.069 -- 2006 1.000 1.080 --
* 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 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 Capital Appreciation Fund/VA was replaced by Met Investors Series Trust- Oppenheimer Capital Appreciation Portfolio and is no longer available as a funding option. Effective on or about 05/01/2006, Oppenheimer Variable Account Funds-Oppenheimer Global Securities Fund/VA was replaced by Metropolitan Series Fund, Inc.- Oppenheimer Global Equity Portfolio and is no longer available as a funding option. Effective on or about 05/24/2006, Pioneer Variable Contracts Trust-Pioneer Small Company VCT Portfolio merged into Pioneer Variable Contracts Trust-Pioneer Small Cap Value Portfolio and is no longer available as a funding option. Effective on or about 12/18/2006, Pioneer Variable Contracts Trust-Pioneer AmPac Growth VCT Portfolio merged into Pioneer Variable Contracts Trust-Pioneer Oak Ridge Large Cap Growth VCT Portfolio and is no longer available as a funding option. Effective on or about 12/18/2006, Pioneer Variable Contracts Trust-Pioneer Balanced VCT Portfolio merged into Pioneer Variable Contracts Trust-Pioneer Ibbotson Moderate Allocation VCT Portfolio and is no longer available as a funding option. 522 Effective on or about 12/18/2006, Pioneer Variable Contracts Trust-Pioneer Europe VCT Portfolio merged into Pioneer Variable Contracts Trust-Pioneer International Value VCT Portfolio and is no longer available as a funding option. Effective on or about 04/30/2007, AIM Variable Insurance Funds-AIM V.I. Capital Appreciation Fund was replaced by Met Investors Series Trust-Met/AIM Capital Appreciation Portfolio Class E 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 Total Return Portfolio merged into Legg Mason Partners Variable Equity Trust-Legg Mason Partners Variable Capital and Income 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 11/12/2007, Pioneer Variable Contracts Trust-Pioneer Value VCT Portfolio merged into Pioneer Variable Contracts Trust-Pioneer Fund VCT Portfolio and is no longer available as a funding option. Effective on or about 11/12/2007, Pioneer Variable Contracts Trust-Pioneer America Income VCT Portfolio merged into Pioneer Variable Contracts Trust- Pioneer Bond VCT Portfolio and is no longer available as a funding option. Effective on or about 11/12/2007, Pioneer Variable Contracts Trust-Pioneer Equity Opportunity VCT Portfolio liquidated its assets and is no longer available as a funding option. Effective on or about 11/12/2007, Pioneer Variable Contracts Trust -- Pioneer Small and Mid Cap Growth VCT Portfolio liquidated its assets and is no longer available as a funding option. 523 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Contract Owners of MetLife of CT Separate Account Eleven for Variable Annuities and the Board of Directors of MetLife Insurance Company of Connecticut: We have audited the accompanying statements of assets and liabilities of MetLife of CT Separate Account Eleven for Variable Annuities (the "Separate Account") of MetLife Insurance Company of Connecticut (the "Company") comprising each of the individual Subaccounts listed in Appendix A as of December 31, 2007, and the related statements of operations for the periods presented in the year then ended, and the statements of changes in net assets for each of the periods presented in the two years then ended. We have also audited the statements of operations for the periods presented in the year ended December 31, 2007, and the statements of changes in net assets for each of the periods presented in the two years then ended for each of the individual Subaccounts listed in Appendix B. These financial statements are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements based on our audits. The financial highlights of the Separate Account included in Note 5 for the periods in the two years ended December 31, 2004, were audited by other auditors whose report, dated March 21, 2005, expressed an unqualified opinion on those financial highlights. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Separate Account is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Separate Account's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2007, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of each of the Subaccounts constituting the Separate Account of the Company as of December 31, 2007, the results of their operations for the periods presented in the year then ended, and the changes in their net assets for each of the periods presented in the two years then ended, in conformity with accounting principles generally accepted in the United States of America. /s/ DELOITTE & TOUCHE LLP Certified Public Accountants Tampa, FL March 24, 2008 APPENDIX A AIM V.I. Mid Cap Core Equity Subaccount (Series II) AIM V.I. Utilities Subaccount (Series I) Alger American Leveraged All Cap Subaccount (Class S) American Funds Global Growth Subaccount (Class 2) American Funds Growth-Income Subaccount (Class 2) American Funds Growth Subaccount (Class 2) Credit Suisse Trust Global Small Cap Subaccount Dreyfus Mid Cap Stock Subaccount (Service Shares) Dreyfus Socially Responsible Growth Subaccount (Service Shares) Dreyfus VIF Appreciation Subaccount (Initial Shares) Dreyfus VIF Developing Leaders Subaccount (Initial Shares) DWS VIT Equity 500 Index Subaccount (Class B) DWS VIT RREEF Real Estate Securities Subaccount (Class B) DWSI Global Opportunities Subaccount (Class B) DWSII Balanced Subaccount (Class B) DWSI Bond Subaccount (Class B) DWSI Capital Growth Subaccount (Class B) DWSI Growth & Income Subaccount (Class B) DWSI Health Care Subaccount (Class B) DWSII International Subaccount (Class B) DWSII Strategic Income Subaccount (Class B) DWSII Blue Chip Subaccount (Class B) DWSII Conservative Allocation Subaccount (Class B) DWSII Core Fixed Income Subaccount (Class B) DWSII Davis Venture Value Subaccount (Class B) DWSII Dreman High Return Equity Subaccount (Class B) DWSII Dreman Small Mid Cap Value Subaccount (Class B) DWSII Global Thematic Subaccount (Class B) DWSII Government & Agency Securities Subaccount (Class B) DWSII Growth Allocation Subaccount (Class B) DWSII High Income Subaccount (Class B) DWSII International Select Equity Subaccount (Class B) DWSII Janus Growth & Income Subaccount (Class B) DWSII Large Cap Value Subaccount (Class B) DWSII Mid Cap Growth Subaccount (Class B) DWSII Moderate Allocation Subaccount (Class B) DWSII Money Market Subaccount (Class B) DWSII Small Cap Growth Subaccount (Class B) DWSII Technology Subaccount (Class B) DWSII Turner Mid Cap Growth Subaccount (Class B) Fidelity VIP Contrafund Subaccount (Service Class 2) Fidelity VIP Dynamic Capital Appreciation Subaccount (Service Class 2) Fidelity VIP Mid Cap Subaccount (Service Class 2) FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) FTVIPT Templeton Foreign Securities Subaccount (Class 2) Janus Aspen Global Life Sciences Subaccount (Service Shares) Janus Aspen Global Technology Subaccount (Service Shares) Janus Aspen Worldwide Growth Subaccount (Service Shares) LMPVET Aggressive Growth Subaccount (Class I) LMPVET Aggressive Growth Subaccount (Class II) LMPVET Appreciation Subaccount (Class I) LMPVET Equity Index Subaccount (Class II) LMPVET Fundamental Value Subaccount (Class I) LMPVET Investors Subaccount (Class I) LMPVET Large Cap Growth Subaccount (Class I) LMPVET Small Cap Growth Subaccount (Class I) LMPVET Social Awareness Subaccount LMPVET Capital and Income Subaccount (Class II) LMPVIT Adjustable Rate Income Subaccount MIST Batterymarch Mid-Cap Stock Subaccount (Class A) MIST BlackRock High Yield Subaccount (Class A) MIST BlackRock Large-Cap Core Subaccount (Class E) MIST Dreman Small-Cap Value Subaccount (Class A) MIST Harris Oakmark International Subaccount (Class A) MIST Janus Forty Subaccount (Class A) MIST Lazard Mid-Cap Subaccount (Class B) MIST Legg Mason Partners Managed Assets Subaccount (Class A) MIST Lord Abbett Bond Debenture Subaccount (Class A) MIST Lord Abbett Growth and Income Subaccount (Class B) MIST Lord Abbett Mid-Cap Value Subaccount (Class B) MIST Met/AIM Capital Appreciation Subaccount (Class A) MIST Met/AIM Capital Appreciation Subaccount (Class E) MIST Met/AIM Small Cap Growth Subaccount (Class A) MIST MFS Emerging Markets Equity Subaccount (Class A) APPENDIX A MIST MFS Research International Subaccount (Class B) MIST MFS Value Subaccount (Class A) MIST Neuberger Berman Real Estate Subaccount (Class A) MIST Oppenheimer Capital Appreciation Subaccount (Class B) MIST PIMCO Inflation Protected Bond Subaccount (Class A) MIST Pioneer Fund Subaccount (Class A) MIST Pioneer Strategic Income Subaccount (Class A) MIST Third Avenue Small Cap Value Subaccount (Class B) MSF BlackRock Aggressive Growth Subaccount (Class D) MSF BlackRock Bond Income Subaccount (Class A) MSF BlackRock Money Market Subaccount (Class A) MSF FI Large Cap Subaccount (Class A) MSF FI Value Leaders Subaccount (Class D) MSF MetLife Aggressive Allocation Subaccount (Class B) MSF MetLife Conservative Allocation Subaccount (Class B) MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) MSF MetLife Moderate Allocation Subaccount (Class B) MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) MSF MFS Total Return Subaccount (Class B) MSF MFS Total Return Subaccount (Class F) MSF Oppenheimer Global Equity Subaccount (Class B) MSF T. Rowe Price Large Cap Growth Subaccount (Class B) MSF Western Asset Management U.S. Government Subaccount (Class A) PIMCO VIT Total Return Subaccount (Administrative Class) Pioneer Bond VCT Subaccount (Class II) Pioneer Cullen Value VCT Subaccount (Class II) Pioneer Emerging Markets VCT Subaccount (Class II) Pioneer Equity Income VCT Subaccount (Class II) Pioneer Fund VCT Subaccount (Class II) Pioneer Global High Yield VCT Subaccount (Class II) Pioneer High Yield VCT Subaccount (Class II) Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) Pioneer Independence VCT Subaccount (Class II) Pioneer International Value VCT Subaccount (Class II) Pioneer Mid Cap Value VCT Subaccount (Class II) Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) Pioneer Real Estate Shares VCT Subaccount (Class II) Pioneer Small Cap Value VCT Subaccount (Class II) Pioneer Strategic Income VCT Subaccount (Class II) Van Kampen LIT Comstock Subaccount (Class II) Van Kampen LIT Enterprise Subaccount (Class II) APPENDIX B AIM V.I. Capital Appreciation Subaccount (Series II) Credit Suisse Trust Emerging Markets Subaccount LMPVPI All Cap Subaccount (Class I) LMPVPI All Cap Subaccount (Class II) LMPVPII Growth and Income Subaccount (Class I) LMPVPI Large Cap Growth Subaccount (Class I) LMPVPII Aggressive Growth Subaccount (Class I) LMPVPII Aggressive Growth Subaccount (Class II) LMPVPI Total Return Subaccount (Class II) Lord Abbett Growth and Income Subaccount (Class VC) Lord Abbett Mid-Cap Value Subaccount (Class VC) MIST BlackRock Large-Cap Core Subaccount (Class A) MIST Pioneer Mid-Cap Value Subaccount (Class A) MSF Western Asset Management High Yield Bond Subaccount (Class A) PIMCO VIT Real Return Subaccount (Administrative Class) Pioneer America Income VCT Subaccount (Class II) Pioneer Equity Opportunity VCT Subaccount (Class II) Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) Pioneer Value VCT Subaccount (Class II) Putnam VT International Equity Subaccount (Class IB) Putnam VT Small Cap Value Subaccount (Class IB) METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT STATEMENT OF ASSETS AND LIABILITIES DECEMBER 31, 2007
AIM V.I. MID CAP ALGER AMERICAN AMERICAN FUNDS CORE EQUITY AIM V.I. UTILITIES LEVERAGED ALLCAP GLOBAL GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERIES II) (SERIES I) (CLASS S) (CLASS 2) ---------------- ------------------ ---------------- -------------- ASSETS: Investments at fair value $2,855,634 $2,730,393 $4,041,927 $24,071,615 ---------- ---------- ---------- ----------- Total Assets 2,855,634 2,730,393 4,041,927 24,071,615 ---------- ---------- ---------- ----------- LIABILITIES: Other payables Insurance charges 427 397 588 3,588 Administrative fees 35 34 50 299 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ---------- ----------- Total Liabilities 462 431 638 3,887 ---------- ---------- ---------- ----------- NET ASSETS $2,855,172 $2,729,962 $4,041,289 $24,067,728 ========== ========== ========== ===========
The accompanying notes are an integral part of these financial statements. 1
AMERICAN FUNDS AMERICAN FUNDS DREYFUS GROWTH-INCOME GROWTH CREDIT SUISSE TRUST MIDCAP STOCK SUBACCOUNT SUBACCOUNT GLOBAL SMALL CAP SUBACCOUNT (CLASS 2) (CLASS 2) SUBACCOUNT (SERVICE SHARES) -------------- -------------- ------------------- ---------------- ASSETS: Investments at fair value $44,988,255 $55,788,573 $684,699 $4,433,720 ----------- ----------- -------- ---------- Total Assets 44,988,255 55,788,573 684,699 4,433,720 ----------- ----------- -------- ---------- LIABILITIES: Other payables Insurance charges 6,805 8,342 103 661 Administrative fees 558 693 9 55 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ----------- -------- ---------- Total Liabilities 7,363 9,035 112 716 ----------- ----------- -------- ---------- NET ASSETS $44,980,892 $55,779,538 $684,587 $4,433,004 =========== =========== ======== ==========
The accompanying notes are an integral part of these financial statements. 2
DREYFUS SOCIALLY DREYFUS VIF DREYFUS VIF DWS VIT RESPONSIBLE GROWTH APPRECIATION DEVELOPING LEADERS EQUITY 500 INDEX SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (INITIAL SHARES) (INITIAL SHARES) (CLASS B) ------------------ ---------------- ------------------ ---------------- ASSETS: Investments at fair value $279,745 $2,400,273 $7,239,029 $5,511,473 -------- ---------- ---------- ---------- Total Assets 279,745 2,400,273 7,239,029 5,511,473 -------- ---------- ---------- ---------- LIABILITIES: Other payables Insurance charges 43 357 1,096 815 Administrative fees Due to MetLife Insurance 3 30 90 68 Company of Connecticut -- -- -- -- -------- ---------- ---------- ---------- Total Liabilities 46 387 1,186 883 -------- ---------- ---------- ---------- NET ASSETS $279,699 $2,399,886 $7,237,843 $5,510,590 ======== ========== ========== ========== DWS VIT RREEF DWSI REAL ESTATE SECURITIES GLOBAL OPPORTUNITIES SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ---------------------- -------------------- ASSETS: Investments at fair value $5,103,483 $3,807,476 ---------- ---------- Total Assets 5,103,483 3,807,476 ---------- ---------- LIABILITIES: Other payables Insurance charges 764 571 Administrative fees Due to MetLife Insurance 62 48 Company of Connecticut -- -- ---------- ---------- Total Liabilities 826 619 ---------- ---------- NET ASSETS $5,102,657 $3,806,857 ========== ==========
The accompanying notes are an integral part of these financial statements. 3
DWSII DWSI DWSI DWSI BALANCED BOND CAPITAL GROWTH GROWTH & INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (CLASS B) ---------- ---------- -------------- --------------- ASSETS: Investments at fair value $3,697,679 $526,477 $7,944,200 $6,122,033 ---------- -------- ---------- ---------- Total Assets 3,697,679 526,477 7,944,200 6,122,033 ---------- -------- ---------- ---------- LIABILITIES: Other payables Insurance charges 570 77 1,207 987 Administrative fees 46 7 98 76 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- -------- ---------- ---------- Total Liabilities 616 84 1,305 1,063 ---------- -------- ---------- ---------- NET ASSETS $3,697,063 $526,393 $7,942,895 $6,120,970 ========== ======== ========== ==========
The accompanying notes are an integral part of these financial statements. 4
DWSI DWSII DWSII DWSII DWSII DWSII HEALTH CARE INTERNATIONAL STRATEGIC INCOME BLUE CHIP CONSERVATIVE ALLOCATION CORE FIXED INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (CLASS B) (CLASS B) (CLASS B) ----------- ------------- ---------------- ---------- ----------------------- ------------------ ASSETS: Investments at fair value $2,893,172 $5,793,025 $4,714,018 $5,881,372 $11,019,224 $6,718,704 ---------- ---------- ---------- ---------- ----------- ---------- Total Assets 2,893,172 5,793,025 4,714,018 5,881,372 11,019,224 6,718,704 ---------- ---------- ---------- ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 445 912 726 885 1,652 993 Administrative fees 36 72 58 73 136 83 Due to MetLife Insurance Company of Connecticut -- -- -- -- -- -- ---------- ---------- ---------- ---------- ----------- ---------- Total Liabilities 481 984 784 958 1,788 1,076 ---------- ---------- ---------- ---------- ----------- ---------- NET ASSETS $2,892,691 $5,792,041 $4,713,234 $5,880,414 $11,017,436 $6,717,628 ========== ========== ========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 5
DWSII DWSII DREMAN DWSII DREMAN DWSII DAVIS VENTURE VALUE HIGH RETURN EQUITY SMALL MID CAP VALUE GLOBAL THEMATIC SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (CLASS B) ------------------- ------------------ ------------------- --------------- ASSETS: Investments at fair value $10,210,680 $17,533,632 $8,142,916 $4,975,405 ----------- ----------- ---------- ---------- Total Assets 10,210,680 17,533,632 8,142,916 4,975,405 ----------- ----------- ---------- ---------- LIABILITIES: Other payables Insurance charges 1,554 2,556 1,228 755 Administrative fees 126 216 101 62 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ----------- ---------- ---------- Total Liabilities 1,680 2,772 1,329 817 ----------- ----------- ---------- ---------- NET ASSETS $10,209,000 $17,530,860 $8,141,587 $4,974,588 =========== =========== ========== ==========
The accompanying notes are an integral part of these financial statements. 6
DWSII GOVERNMENT & AGENCY DWSII DWSII SECURITIES GROWTH ALLOCATION HIGH INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------- ----------------- ----------- ASSETS: Investments at fair value $1,496,424 $17,863,295 $4,937,779 ---------- ----------- ---------- Total Assets 1,496,424 17,863,295 4,937,779 ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 228 2,708 742 Administrative fees 18 221 61 Due to MetLife Insurance Company of Connecticut -- -- -- ---------- ----------- ---------- Total Liabilities 246 2,929 803 ---------- ----------- ---------- NET ASSETS $1,496,178 $17,860,366 $4,936,976 ========== =========== ========== DWSII INTERNATIONAL DWSII JANUS DWSII SELECT EQUITY GROWTH & INCOME LARGE CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------- --------------- --------------- ASSETS: Investments at fair value $6,359,240 $2,243,087 $3,178,408 ---------- ---------- ---------- Total Assets 6,359,240 2,243,087 3,178,408 ---------- ---------- ---------- LIABILITIES: Other payables Insurance charges 987 347 491 Administrative fees 79 28 40 Due to MetLife Insurance Company of Connecticut -- -- -- ---------- ---------- ---------- Total Liabilities 1,066 375 531 ---------- ---------- ---------- NET ASSETS $6,358,174 $2,242,712 $3,177,877 ========== ========== ==========
The accompanying notes are an integral part of these financial statements. 7
DWSII DWSII DWSII DWSII MID CAP GROWTH MODERATE ALLOCATION MONEY MARKET SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (CLASS B) -------------- ------------------- ------------ ---------------- ASSETS: Investments at fair value $964,295 $17,240,810 $4,766,123 $3,151,441 -------- ----------- ---------- ---------- Total Assets 964,295 17,240,810 4,766,123 3,151,441 -------- ----------- ---------- ---------- LIABILITIES: Other payables Insurance charges 134 2,615 682 501 Administrative fees 12 213 59 39 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- ----------- ---------- ---------- Total Liabilities 146 2,828 741 540 -------- ----------- ---------- ---------- NET ASSETS $964,149 $17,237,982 $4,765,382 $3,150,901 ======== =========== ========== ==========
The accompanying notes are an integral part of these financial statements. 8
DWSII FIDELITY VIP FTVIPT FRANKLIN DWSII TURNER MID CAP FIDELITY VIP DYNAMIC CAPITAL FIDELITY VIP RISING DIVIDENDS TECHNOLOGY GROWTH CONTRAFUND APPRECIATION MID CAP SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (SERVICE CLASS 2) (SERVICE CLASS 2) (SERVICE CLASS 2) (CLASS 2) ---------- -------------- ----------------- ----------------- ----------------- ---------------- ASSETS: Investments at fair value $1,543,034 $2,585,960 $25,971,107 $1,484,573 $30,671,393 $13,499,890 Total Assets ---------- ---------- ----------- ---------- ----------- ----------- 1,543,034 2,585,960 25,971,107 1,484,573 30,671,393 13,499,890 LIABILITIES: ---------- ---------- ----------- ---------- ----------- ----------- Other payables Insurance charges 228 406 3,868 212 4,463 1,965 Administrative fees 19 32 322 18 381 168 Due to MetLife Insurance Company of Connecticut -- -- -- -- -- -- ---------- ---------- ----------- ---------- ----------- ----------- Total Liabilities 247 438 4,190 230 4,844 2,133 ---------- ---------- ----------- ---------- ----------- ----------- NET ASSETS $1,542,787 $2,585,522 $25,966,917 $1,484,343 $30,666,549 $13,497,757 ========== ========== =========== ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 9
FTVIPT FRANKLIN FTVIPT TEMPLETON JANUS ASPEN SMALL MID-CAP DEVELOPING MARKETS FTVIPT TEMPLETON GLOBAL LIFE GROWTH SECURITIES SECURITIES FOREIGN SECURITIES SCIENCES SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) (SERVICE SHARES) ----------------- ------------------ ------------------ ---------------- ASSETS: Investments at fair value $7,329,984 $17,565,342 $21,789,963 $305,965 ---------- ----------- ----------- -------- Total Assets 7,329,984 17,565,342 21,789,963 305,965 ---------- ----------- ----------- -------- LIABILITIES: Other payables Insurance charges 1,032 2,551 3,201 43 Administrative fees 91 216 269 4 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ----------- ----------- -------- Total Liabilities 1,123 2,767 3,470 47 ---------- ----------- ----------- -------- NET ASSETS $7,328,861 $17,562,575 $21,786,493 $305,918 ========== =========== =========== ========
The accompanying notes are an integral part of these financial statements. 10
JANUS ASPEN JANUS ASPEN LMPVET LMPVET LMPVET LMPVET GLOBAL TECHNOLOGY WORLDWIDE GROWTH AGGRESSIVE GROWTH AGGRESSIVE GROWTH APPRECIATION EQUITY INDEX SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (SERVICE SHARES) (CLASS I) (CLASS II) (CLASS I) (CLASS II) ----------------- ---------------- ----------------- ----------------- ------------ ------------ ASSETS: Investments at fair value $2,856,610 $289,994 $7,205,488 $6,942,448 $1,645,885 $13,109,760 ---------- -------- ---------- ---------- ---------- ----------- Total Assets 2,856,610 289,994 7,205,488 6,942,448 1,645,885 13,109,760 ---------- -------- ---------- ---------- ---------- ----------- LIABILITIES: Other payables Insurance charges 427 43 1,082 1,030 242 1,929 Administrative fees 35 4 90 86 20 163 Due to MetLife Insurance Company of Connecticut -- -- -- -- -- -- ---------- -------- ---------- ---------- ---------- ----------- Total Liabilities 462 47 1,172 1,116 262 2,092 ---------- -------- ---------- ---------- ---------- ----------- NET ASSETS $2,856,148 $289,947 $7,204,316 $6,941,332 $1,645,623 $13,107,668 ========== ======== ========== ========== ========== ===========
The accompanying notes are an integral part of these financial statements. 11
LMPVET LMPVET LMPVET LMPVET FUNDAMENTAL VALUE INVESTORS LARGE CAP GROWTH SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (CLASS I) (CLASS I) ----------------- ---------- ---------------- ---------------- ASSETS: Investments at fair value $4,590,855 $3,080,115 $2,440,026 $4,921,726 ---------- ---------- ---------- ---------- Total Assets 4,590,855 3,080,115 2,440,026 4,921,726 ---------- ---------- ---------- ---------- LIABILITIES: Other payables Insurance charges 669 458 368 736 Administrative fees 56 38 30 61 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ---------- ---------- Total Liabilities 725 496 398 797 ---------- ---------- ---------- ---------- NET ASSETS $4,590,130 $3,079,619 $2,439,628 $4,920,929 ========== ========== ========== ==========
The accompanying notes are an integral part of these financial statements. 12
MIST LMPVET LMPVIT BATTERYMARCH MIST BLACKROCK MIST BLACKROCK LMPVET CAPITAL AND INCOME ADJUSTABLE MID-CAP STOCK HIGH YIELD LARGE-CAP CORE SOCIAL AWARENESS SUBACCOUNT RATE INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) SUBACCOUNT (CLASS A) (CLASS A) (CLASS E) ---------------- ------------------ ----------- ------------- -------------- -------------- ASSETS: Investments at fair value $1,016,608 $4,785,578 $2,424,118 $5,296,486 $11,726,776 $4,252,489 ---------- ---------- ---------- ---------- ----------- ---------- Total Assets 1,016,608 4,785,578 2,424,118 5,296,486 11,726,776 4,252,489 ---------- ---------- ---------- ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 143 679 361 764 1,579 658 Administrative fees 12 59 30 66 144 53 Due to MetLife Insurance Company of Connecticut -- 3,867 -- -- -- -- ---------- ---------- ---------- ---------- ----------- ---------- Total Liabilities 155 4,605 391 830 1,723 711 ---------- ---------- ---------- ---------- ----------- ---------- NET ASSETS $1,016,453 $4,780,973 $2,423,727 $5,295,656 $11,725,053 $4,251,778 ========== ========== ========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 13
MIST MIST DREMAN HARRIS OAKMARK MIST MIST SMALL-CAP VALUE INTERNATIONAL JANUS FORTY LAZARD MID-CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS A) (CLASS B) --------------- -------------- ----------- -------------- ASSETS: Investments at fair value $499,083 $7,221,372 $10,612,239 $430,006 -------- ---------- ----------- -------- Total Assets 499,083 7,221,372 10,612,239 430,006 -------- ---------- ----------- -------- LIABILITIES: Other payables Insurance charges 72 1,090 1,552 62 Administrative fees 6 89 132 5 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- ---------- ----------- -------- Total Liabilities 78 1,179 1,684 67 -------- ---------- ----------- -------- NET ASSETS $499,005 $7,220,193 $10,610,555 $429,939 ======== ========== =========== ========
The accompanying notes are an integral part of these financial statements. 14
MIST LEGG MASON PARTNERS MIST LORD ABBETT MIST LORD ABBETT MANAGED ASSETS BOND DEBENTURE GROWTH AND INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) ------------------- ---------------- ----------------- ASSETS: Investments at fair value $4,379,421 $3,988,384 $28,512,995 ---------- ---------- ----------- Total Assets 4,379,421 3,988,384 28,512,995 ---------- ---------- ----------- LIABILITIES: Other payables Insurance charges 654 595 3,742 Administrative fees 54 49 354 Due to MetLife Insurance Company of Connecticut -- -- -- ---------- ---------- ----------- Total Liabilities 708 644 4,096 ---------- ---------- ----------- NET ASSETS $4,378,713 $3,987,740 $28,508,899 ========== ========== =========== MIST LORD ABBETT MIST MET/AIM MIST MET/AIM MID-CAP VALUE CAPITAL APPRECIATION CAPITAL APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) (CLASS E) ---------------- -------------------- -------------------- ASSETS: Investments at fair value $12,279,411 $2,899,011 $6,777,774 ----------- ---------- ---------- Total Assets 12,279,411 2,899,011 6,777,774 ----------- ---------- ---------- LIABILITIES: Other payables Insurance charges 1,832 428 973 Administrative fees 152 36 84 Due to MetLife Insurance Company of Connecticut -- -- -- ----------- ---------- ---------- Total Liabilities 1,984 464 1,057 ----------- ---------- ---------- NET ASSETS $12,277,427 $2,898,547 $6,776,717 =========== ========== ==========
The accompanying notes are an integral part of these financial statements. 15
MIST MIST MIST MET/AIM MFS EMERGING MFS RESEARCH MIST SMALL CAP GROWTH MARKETS EQUITY INTERNATIONAL MFS VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) (CLASS A) ---------------- -------------- ------------- ---------- ASSETS: Investments at fair value $439,458 $6,019,504 $2,036,191 $9,217,868 -------- ---------- ---------- ---------- Total Assets 439,458 6,019,504 2,036,191 9,217,868 -------- ---------- ---------- ---------- LIABILITIES: Other payables Insurance charges 65 875 292 1,374 Administrative fees 5 75 25 114 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- ---------- ---------- ---------- Total Liabilities 70 950 317 1,488 -------- ---------- ---------- ---------- NET ASSETS $439,388 $6,018,554 $2,035,874 $9,216,380 ======== ========== ========== ==========
The accompanying notes are an integral part of these financial statements. 16
MIST MIST MIST NEUBERGER BERMAN OPPENHEIMER PIMCO INFLATION MIST REAL ESTATE CAPITAL APPRECIATION PROTECTED BOND PIONEER FUND SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) (CLASS A) ---------------- -------------------- --------------- ------------ ASSETS: Investments at fair value $12,979,313 $6,810,890 $11,978,775 $1,096,201 ----------- ---------- ----------- ---------- Total Assets 12,979,313 6,810,890 11,978,775 1,096,201 ----------- ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 1,851 979 1,745 156 Administrative fees 158 84 147 13 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ----------- ---------- Total Liabilities 2,009 1,063 1,892 169 ----------- ---------- ----------- ---------- NET ASSETS $12,977,304 $6,809,827 $11,976,883 $1,096,032 =========== ========== =========== ========== MIST MIST PIONEER STRATEGIC THIRD AVENUE INCOME SMALL CAP VALUE SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) ----------------- --------------- ASSETS: Investments at fair value $9,598,429 $23,373,093 ---------- ----------- Total Assets 9,598,429 23,373,093 ---------- ----------- LIABILITIES: Other payables Insurance charges 1,400 3,402 Administrative fees 118 290 Due to MetLife Insurance Company of Connecticut -- -- ---------- ----------- Total Liabilities 1,518 3,692 ---------- ----------- NET ASSETS $9,596,911 $23,369,401 ========== ===========
The accompanying notes are an integral part of these financial statements. 17
MSF BLACKROCK MSF BLACKROCK MSF BLACKROCK MSF AGGRESSIVE GROWTH BOND INCOME MONEY MARKET FI LARGE CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS A) (CLASS A) (CLASS A) ----------------- ------------- ------------- ------------ ASSETS: Investments at fair value $5,818,822 $8,452,200 $34,542,169 $4,555,852 ---------- ---------- ----------- ---------- Total Assets 5,818,822 8,452,200 34,542,169 4,555,852 ---------- ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 834 1,225 5,132 688 Administrative fees 72 104 426 57 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ----------- ---------- Total Liabilities 906 1,329 5,558 745 ---------- ---------- ----------- ---------- NET ASSETS $5,817,916 $8,450,871 $34,536,611 $4,555,107 ========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 18
MSF METLIFE MSF METLIFE MSF MSF METLIFE CONSERVATIVE CONSERVATIVE TO FI VALUE LEADERS AGGRESSIVE ALLOCATION ALLOCATION MODERATE ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS B) (CLASS B) (CLASS B) ---------------- --------------------- ------------ ------------------- ASSETS: Investments at fair value $11,078,851 $2,058,480 $2,799,822 $3,940,255 ----------- ---------- ---------- ---------- Total Assets 11,078,851 2,058,480 2,799,822 3,940,255 ----------- ---------- ---------- ---------- LIABILITIES: Other payables Insurance charges 1,658 337 447 582 Administrative fees 137 25 34 48 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ---------- ---------- Total Liabilities 1,795 362 481 630 ----------- ---------- ---------- ---------- NET ASSETS $11,077,056 $2,058,118 $2,799,341 $3,939,625 =========== ========== ========== ========== MSF METLIFE MSF METLIFE MODERATE TO MODERATE ALLOCATION AGGRESSIVE ALLOCATION SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ------------------- --------------------- ASSETS: Investments at fair value $12,646,298 $6,675,290 ----------- ---------- Total Assets 12,646,298 6,675,290 ----------- ---------- LIABILITIES: Other payables Insurance charges 1,952 1,004 Administrative fees 157 82 Due to MetLife Insurance Company of Connecticut -- -- ----------- ---------- Total Liabilities 2,109 1,086 ----------- ---------- NET ASSETS $12,644,189 $6,674,204 =========== ==========
The accompanying notes are an integral part of these financial statements. 19
MSF MSF MSF MFS MSF MFS OPPENHEIMER T. ROWE PRICE TOTAL RETURN TOTAL RETURN GLOBAL EQUITY LARGE CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS F) (CLASS B) (CLASS B) ------------ ------------ ------------- ----------------- ASSETS: Investments at fair value $5,485,040 $33,331,699 $33,278,095 $2,730,610 ---------- ----------- ----------- ---------- Total Assets 5,485,040 33,331,699 33,278,095 2,730,610 ---------- ----------- ----------- ---------- LIABILITIES: Other payables Insurance charges 850 4,894 4,888 394 Administrative fees 68 412 412 34 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ----------- ----------- ---------- Total Liabilities 918 5,306 5,300 428 ---------- ----------- ----------- ---------- NET ASSETS $5,484,122 $33,326,393 $33,272,795 $2,730,182 ========== =========== =========== ==========
The accompanying notes are an integral part of these financial statements. 20
MSF WESTERN ASSET MANAGEMENT PIMCO VIT PIONEER U.S. GOVERNMENT TOTAL RETURN BOND VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (ADMINISTRATIVE CLASS) (CLASS II) ----------------- ---------------------- ------------ ASSETS: Investments at fair value $5,929,526 $27,025,149 $9,708,191 ---------- ----------- ---------- Total Assets 5,929,526 27,025,149 9,708,191 ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 767 3,960 1,396 Administrative fees 73 332 119 Due to MetLife Insurance Company of Connecticut -- -- -- ---------- ----------- ---------- Total Liabilities 840 4,292 1,515 ---------- ----------- ---------- NET ASSETS $5,928,686 $27,020,857 $9,706,676 ========== =========== ========== PIONEER PIONEER EMERGING PIONEER CULLEN VALUE VCT MARKETS VCT EQUITY INCOME VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ---------------- ---------------- ----------------- ASSETS: Investments at fair value $8,261,796 $16,569,716 $12,466,829 ---------- ----------- ----------- Total Assets 8,261,796 16,569,716 12,466,829 ---------- ----------- ----------- LIABILITIES: Other payables Insurance charges 1,160 2,383 1,701 Administrative fees 103 205 155 Due to MetLife Insurance Company of Connecticut -- -- -- ---------- ----------- ----------- Total Liabilities 1,263 2,588 1,856 ---------- ----------- ----------- NET ASSETS $8,260,533 $16,567,128 $12,464,973 ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 21
PIONEER PIONEER IBBOTSON PIONEER GLOBAL PIONEER AGGRESSIVE FUND VCT HIGH YIELD VCT HIGH YIELD VCT ALLOCATION VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) CLASS II) (CLASS II) (CLASS II) ----------- -------------- -------------- ---------------- ASSETS: Investments at fair value $16,553,420 $5,154,571 $13,521,455 $5,526,540 ----------- ---------- ----------- ---------- Total Assets 16,553,420 5,154,571 13,521,455 5,526,540 ----------- ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 2,454 793 1,908 787 Administrative fees 206 63 167 68 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ----------- ---------- Total Liabilities 2,660 856 2,075 855 ----------- ---------- ----------- ---------- NET ASSETS $16,550,760 $5,153,715 $13,519,380 $5,525,685 =========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 22
PIONEER PIONEER IBBOTSON PIONEER IBBOTSON PIONEER OAK RIDGE GROWTH MODERATE PIONEER INTERNATIONAL PIONEER MID CAP LARGE CAP ALLOCATION VCT ALLOCATION VCT INDEPENDENCE VCT VALUE VCT VALUE VCT GROWTH VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (CLASS II) (CLASS II) (CLASS II) ---------------- ---------------- ---------------- ------------- --------------- ---------- ASSETS: Investments at fair value $110,661,932 $56,554,705 $2,297,936 $5,797,434 $11,423,418 $6,041,552 ------------ ----------- ---------- ---------- ----------- ---------- Total Assets 110,661,932 56,554,705 2,297,936 5,797,434 11,423,418 6,041,552 ------------ ----------- ---------- ---------- ----------- ---------- LIABILITIES: Other payables Insurance charges 18,852 9,293 340 829 1,595 885 Administrative fees 1,367 699 28 72 141 75 Due to MetLife Insurance Company of Connecticut -- -- -- -- -- -- ------------ ----------- ---------- ---------- ----------- ---------- Total Liabilities 20,219 9,992 368 901 1,736 960 ------------ ----------- ---------- ---------- ----------- ---------- NET ASSETS $110,641,713 $56,544,713 $2,297,568 $5,796,533 $11,421,682 $6,040,592 ============ =========== ========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 23
PIONEER REAL ESTATE PIONEER SMALL PIONEER STRATEGIC VAN KAMPEN LIT SHARES VCT CAP VALUE VCT INCOME VCT COMSTOCK SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (CLASS II) ------------------- ------------- ----------------- -------------- ASSETS: Investments at fair value $7,785,868 $6,895,810 $22,425,511 $12,613,255 ---------- ---------- ----------- ----------- Total Assets 7,785,868 6,895,810 22,425,511 12,613,255 ---------- ---------- ----------- ----------- LIABILITIES: Other payables Insurance charges 1,088 979 3,202 1,865 Administrative fees 95 85 276 156 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ----------- ----------- Total Liabilities 1,183 1,064 3,478 2,021 ---------- ---------- ----------- ----------- NET ASSETS $7,784,685 $6,894,746 $22,422,033 $12,611,234 ========== ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 24
VAN KAMPEN LIT ENTERPRISE SUBACCOUNT (CLASS II) --------------------- ASSETS: Investments at fair value $189,891 -------- Total Assets 189,891 -------- LIABILITIES: Other payables Insurance charges 27 Administrative fees 2 Due to MetLife Insurance Company of Connecticut -- -------- Total Liabilities 29 -------- NET ASSETS $189,862 ========
The accompanying notes are an integral part of these financial statements. 25 METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2007
AIM V.I. MID CAP AIM V.I. AIM V.I. CAPITAL ALGER AMERICAN CORE EQUITY UTILITIES APPRECIATION LEVERAGED ALLCAP SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERIES II) (SERIES I) (SERIES II) (a) (CLASS S) ---------------- ---------- ---------------- ---------------- INVESTMENT INCOME: Dividends $ 1,345 $ 49,273 $ -- $ -- -------- -------- ---------- -------- EXPENSES: Mortality and expense risk charges 51,418 44,514 33,013 52,511 Administrative charges 4,233 3,801 2,823 4,498 -------- -------- ---------- -------- Total expenses 55,651 48,315 35,836 57,009 -------- -------- ---------- -------- Net investment income (loss) (54,306) 958 (35,836) (57,009) -------- -------- ---------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 40,418 127,712 -- -- Realized gains (losses) on sale of investments 50,016 181,290 1,270,367 139,677 -------- -------- ---------- -------- Net realized gains (losses) 90,434 309,002 1,270,367 139,677 -------- -------- ---------- -------- Change in unrealized gains (losses) on investments 156,099 104,574 (860,370) 669,548 -------- -------- ---------- -------- Net increase (decrease) in net assets resulting from operations $192,227 $414,534 $ 374,161 $752,216 ======== ======== ========== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 26
AMERICAN FUNDS AMERICAN FUNDS AMERICAN FUNDS GLOBAL GROWTH GROWTH-INCOME GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) -------------- -------------- -------------- INVESTMENT INCOME: Dividends $ 622,675 $ 705,051 $ 433,751 ---------- ---------- ---------- EXPENSES: Mortality and expense risk charges 413,178 878,208 1,035,266 Administrative charges 34,228 71,925 85,828 ---------- ---------- ---------- Total expenses 447,406 950,133 1,121,094 ---------- ---------- ---------- Net investment income (loss) 175,269 (245,082) (687,343) ---------- ---------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 934,214 1,569,583 3,895,771 Realized gains (losses) on sale of investments 680,919 1,016,429 1,761,503 ---------- ---------- ---------- Net realized gains (losses) 1,615,133 2,586,012 5,657,274 ---------- ---------- ---------- Change in unrealized gains (losses) on investments 854,120 (842,340) 552,156 ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations $2,644,522 $1,498,590 $5,522,087 ========== ========== ========== CREDIT SUISSE DREYFUS MIDCAP TRUST EMERGING CREDIT SUISSE TRUST STOCK MARKETS GLOBAL SMALL CAP SUBACCOUNT SUBACCOUNT (a) SUBACCOUNT (SERVICE SHARES) -------------- ------------------- ---------------- INVESTMENT INCOME: Dividends $ -- $ -- $ 15,504 ----------- -------- --------- EXPENSES: Mortality and expense risk charges 27,846 14,625 91,534 Administrative charges 2,331 1,197 7,658 ----------- -------- --------- Total expenses 30,177 15,822 99,192 ----------- -------- --------- Net investment income (loss) (30,177) (15,822) (83,688) ----------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- 606,080 Realized gains (losses) on sale of investments 1,976,912 66,303 (8,117) ----------- -------- --------- Net realized gains (losses) 1,976,912 66,303 597,963 ----------- -------- --------- Change in unrealized gains (losses) on investments (1,764,857) (96,614) (513,759) ----------- -------- --------- Net increase (decrease) in net assets resulting from operations $ 181,878 $(46,133) $ 516 =========== ======== =========
The accompanying notes are an integral part of these financial statements. 27
DREYFUS SOCIALLY DREYFUS VIF DREYFUS VIF DWS VIT RESPONSIBLE GROWTH APPRECIATION DEVELOPING LEADERS EQUITY 500 INDEX SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (INITIAL SHARES) (INITIAL SHARES) (CLASS B) ------------------ ---------------- ------------------ ---------------- INVESTMENT INCOME: Dividends $ 779 $ 38,516 $ 61,518 $ 59,456 ------- -------- ----------- -------- EXPENSES: Mortality and expense risk charges 5,256 44,024 150,099 94,485 Administrative charges 427 3,699 12,336 7,850 ------- -------- ----------- -------- Total expenses 5,683 47,723 162,435 102,335 ------- -------- ----------- -------- Net investment income (loss) (4,904) (9,207) (100,917) (42,879) ------- -------- ----------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- 1,075,555 -- Realized gains (losses) on sale of investments 9,041 66,377 (73,226) 162,027 ------- -------- ----------- -------- Net realized gains (losses) 9,041 66,377 1,002,329 162,027 ------- -------- ----------- -------- Change in unrealized gains (losses) on investments 11,045 66,542 (1,967,078) 44,325 ------- -------- ----------- -------- Net increase (decrease) in net assets resulting from operations $15,182 $123,712 $(1,065,666) $163,473 ======= ======== =========== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 28
DWS VIT RREEF DWSI DWSII REAL ESTATE SECURITIES GLOBAL OPPORTUNITIES BALANCED SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- -------------------- ---------- INVESTMENT INCOME: Dividends $ 52,812 $ 35,463 $115,799 ----------- --------- -------- EXPENSES: Mortality and expense risk charges 111,958 65,714 72,813 Administrative charges 9,186 5,337 5,843 ----------- --------- -------- Total expenses 121,144 71,051 78,656 ----------- --------- -------- Net investment income (loss) (68,332) (35,588) 37,143 ----------- --------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 910,579 244,883 -- Realized gains (losses) on sale of investments 201,550 155,433 65,476 ----------- --------- -------- Net realized gains (losses) 1,112,129 400,316 65,476 ----------- --------- -------- Change in unrealized gains (losses) on investments (2,174,650) (143,574) (6,068) ----------- --------- -------- Net increase (decrease) in net assets resulting from operations $(1,130,853) $ 221,154 $ 96,551 =========== ========= ======== DWSI DWSI DWSI BOND CAPITAL GROWTH GROWTH & INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------- -------------- --------------- INVESTMENT INCOME: Dividends $ 35,835 $ 20,182 $ 58,130 -------- --------- --------- EXPENSES: Mortality and expense risk charges 9,821 145,214 129,624 Administrative charges 854 11,834 9,980 -------- --------- --------- Total expenses 10,675 157,048 139,604 -------- --------- --------- Net investment income (loss) 25,160 (136,866) (81,474) -------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- 91,145 Realized gains (losses) on sale of investments (18,577) 227,802 130,451 -------- --------- --------- Net realized gains (losses) (18,577) 227,802 221,596 -------- --------- --------- Change in unrealized gains (losses) on investments (7,337) 646,315 (193,561) -------- --------- --------- Net increase (decrease) in net assets resulting from operations $ (754) $ 737,251 $ (53,439) ======== ========= =========
The accompanying notes are an integral part of these financial statements. 29
DWSI DWSII DWSII DWSII HEALTH CARE INTERNATIONAL STRATEGIC INCOME BLUE CHIP SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (CLASS B) ----------- ------------- ---------------- ---------- INVESTMENT INCOME: Dividends $ -- $112,675 $291,880 $ 41,090 -------- -------- -------- --------- EXPENSES: Mortality and expense risk charges 52,635 107,724 92,930 109,305 Administrative charges 4,236 8,472 7,537 9,063 -------- -------- -------- --------- Total expenses 56,871 116,196 100,467 118,368 -------- -------- -------- --------- Net investment income (loss) (56,871) (3,521) 191,413 (77,278) -------- -------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 170,485 -- -- 678,183 Realized gains (losses) on sale of investments 62,968 176,045 7,506 109,032 -------- -------- -------- --------- Net realized gains (losses) 233,453 176,045 7,506 787,215 -------- -------- -------- --------- Change in unrealized gains (losses) on investments 103,781 448,543 (49,877) (592,261) -------- -------- -------- --------- Net increase (decrease) in net assets resulting from operations $280,363 $621,067 $149,042 $ 117,676 ======== ======== ======== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 30
DWSII CONSERVATIVE DWSII DWSII ALLOCATION CORE FIXED INCOME DAVIS VENTURE VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------ ----------------- ------------------- INVESTMENT INCOME: Dividends $ 227,018 $249,050 $ 32,127 --------- -------- --------- EXPENSES: Mortality and expense risk charges 207,619 117,038 186,563 Administrative charges 17,132 9,741 15,142 --------- -------- --------- Total expenses 224,751 126,779 201,705 --------- -------- --------- Net investment income (loss) 2,267 122,271 (169,578) --------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 306,559 -- 124,347 Realized gains (losses) on sale of investments 93,163 (1,675) 258,201 --------- -------- --------- Net realized gains (losses) 399,722 (1,675) 382,548 --------- -------- --------- Change in unrealized gains (losses) on investments (108,886) (7,065) (15,321) --------- -------- --------- Net increase (decrease) in net assets resulting from operations $ 293,103 $113,531 $ 197,649 ========= ======== ========= DWSII DREMAN DWSII DREMAN SMALL MID CAP DWSII HIGH RETURN EQUITY VALUE GLOBAL THEMATIC SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------ ------------- --------------- INVESTMENT INCOME: Dividends $ 199,182 $ 53,504 $ 11,450 ----------- ----------- --------- EXPENSES: Mortality and expense risk charges 334,160 164,026 88,046 Administrative charges 28,301 13,584 7,251 ----------- ----------- --------- Total expenses 362,461 177,610 95,297 ----------- ----------- --------- Net investment income (loss) (163,279) (124,106) (83,847) ----------- ----------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 157,885 1,283,824 654,590 Realized gains (losses) on sale of investments 363,967 222,419 171,518 ----------- ----------- --------- Net realized gains (losses) 521,852 1,506,243 826,108 ----------- ----------- --------- Change in unrealized gains (losses) on investments (1,081,781) (1,276,884) (595,507) ----------- ----------- --------- Net increase (decrease) in net assets resulting from operations $ (723,208) $ 105,253 $ 146,754 =========== =========== =========
The accompanying notes are an integral part of these financial statements. 31
DWSII GOVERNMENT & AGENCY DWSII DWSII DWSII INTERNATIONAL SECURITIES GROWTH ALLOCATION HIGH INCOME SELECT EQUITY SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (CLASS B) ------------------- ----------------- ----------- ------------------- INVESTMENT INCOME: Dividends $ 75,954 $ 364,592 $ 408,130 $120,555 -------- ---------- --------- -------- EXPENSES: Mortality and expense risk charges 32,482 341,589 98,619 107,422 Administrative charges 2,745 27,862 8,206 8,408 -------- ---------- --------- -------- Total expenses 35,227 369,451 106,825 115,830 -------- ---------- --------- -------- Net investment income (loss) 40,727 (4,859) 301,305 4,725 -------- ---------- --------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 930,469 -- 484,245 Realized gains (losses) on sale of investments (21,291) 281,044 (43,617) 229,167 -------- ---------- --------- -------- Net realized gains (losses) (21,291) 1,211,513 (43,617) 713,412 -------- ---------- --------- -------- Change in unrealized gains (losses) on investments 36,490 (561,650) (347,996) (41,110) -------- ---------- --------- -------- Net increase (decrease) in net assets resulting from operations $ 55,926 $ 645,004 $ (90,308) $677,027 ======== ========== ========= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 32
DWSII JANUS DWSII DWSII GROWTH & INCOME LARGE CAP VALUE MID CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) --------------- --------------- -------------- INVESTMENT INCOME: Dividends $ 4,797 $ 37,985 $ -- --------- --------- --------- EXPENSES: Mortality and expense risk charges 43,298 54,768 15,358 Administrative charges 3,467 4,386 1,335 --------- --------- --------- Total expenses 46,765 59,154 16,693 --------- --------- --------- Net investment income (loss) (41,968) (21,169) (16,693) --------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 100,919 -- Realized gains (losses) on sale of investments 99,507 78,336 72,947 --------- --------- --------- Net realized gains (losses) 99,507 179,255 72,947 --------- --------- --------- Change in unrealized gains (losses) on investments 35,667 137,069 (10,600) --------- --------- --------- Net increase (decrease) in net assets resulting from operations $ 93,206 $ 295,155 $ 45,654 ========= ========= ========= DWSII DWSII DWSII MODERATE ALLOCATION MONEY MARKET SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------- ------------ ---------------- INVESTMENT INCOME: Dividends $ 390,433 $ 235,473 $ -- --------- --------- --------- EXPENSES: Mortality and expense risk charges 324,843 93,444 59,944 Administrative charges 26,424 8,034 4,666 --------- --------- --------- Total expenses 351,267 101,478 64,610 --------- --------- --------- Net investment income (loss) 39,166 133,995 (64,610) --------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 646,027 -- -- Realized gains (losses) on sale of investments 214,308 -- 104,459 --------- --------- --------- Net realized gains (losses) 860,335 -- 104,459 --------- --------- --------- Change in unrealized gains (losses) on investments (360,839) -- 61,972 --------- --------- --------- Net increase (decrease) in net assets resulting from operations $ 538,662 $ 133,995 $ 101,821 ========= ========= =========
The accompanying notes are an integral part of these financial statements. 33
DWSII FIDELITY VIP DWSII TURNER MID CAP FIDELITY VIP DYNAMIC CAPITAL TECHNOLOGY GROWTH CONTRAFUND APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (SERVICE CLASS 2) (SERVICE CLASS 2) ---------- -------------- ----------------- ----------------- INVESTMENT INCOME: Dividends $ -- $ -- $ 184,895 $ 1,784 -------- -------- ----------- --------- EXPENSES: Mortality and expense risk charges 22,601 43,926 426,787 29,735 Administrative charges 1,816 3,447 35,656 2,563 -------- -------- ----------- --------- Total expenses 24,417 47,373 462,443 32,298 -------- -------- ----------- --------- Net investment income (loss) (24,417) (47,373) (277,548) (30,514) -------- -------- ----------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 190,548 6,319,085 169,566 Realized gains (losses) on sale of investments 37,650 61,794 393,163 107,119 -------- -------- ----------- --------- Net realized gains (losses) 37,650 252,342 6,712,248 276,685 -------- -------- ----------- --------- Change in unrealized gains (losses) on investments 71,963 260,457 (3,121,266) (154,341) -------- -------- ----------- --------- Net increase (decrease) in net assets resulting from operations $ 85,196 $465,426 $ 3,313,434 $ 91,830 ======== ======== =========== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 34
FTVIPT FRANKLIN FTVIPT FRANKLIN FIDELITY VIP RISING DIVIDENDS SMALL MID-CAP MID CAP SECURITIES GROWTH SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS 2) (CLASS 2) (CLASS 2) ----------------- ---------------- ----------------- INVESTMENT INCOME: Dividends $ 147,700 $ 356,462 $ -- ---------- ----------- --------- EXPENSES: Mortality and expense risk charges 523,783 261,250 105,188 Administrative charges 44,794 22,373 9,099 ---------- ----------- --------- Total expenses 568,577 283,623 114,287 ---------- ----------- --------- Net investment income (loss) (420,877) 72,839 (114,287) ---------- ----------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 2,678,617 218,633 399,100 Realized gains (losses) on sale of investments 407,638 309,869 157,122 ---------- ----------- --------- Net realized gains (losses) 3,086,255 528,502 556,222 ---------- ----------- --------- Change in unrealized gains (losses) on investments 973,936 (1,279,780) (13,503) ---------- ----------- --------- Net increase (decrease) in net assets resulting from operations $3,639,314 $ (678,439) $ 428,432 ========== =========== ========= FTVIPT TEMPLETON JANUS ASPEN DEVELOPING MARKETS FTVIPT TEMPLETON GLOBAL LIFE SECURITIES FOREIGN SECURITIES SCIENCES SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (SERVICE SHARES) ------------------ ------------------ ---------------- INVESTMENT INCOME: Dividends $ 340,975 $ 428,228 $ -- ---------- ---------- ------- EXPENSES: Mortality and expense risk charges 274,050 382,492 4,353 Administrative charges 23,275 32,091 360 ---------- ---------- ------- Total expenses 297,325 414,583 4,713 ---------- ---------- ------- Net investment income (loss) 43,650 13,645 (4,713) ---------- ---------- ------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 1,171,637 976,737 -- Realized gains (losses) on sale of investments 1,097,532 818,125 14,564 ---------- ---------- ------- Net realized gains (losses) 2,269,169 1,794,862 14,564 ---------- ---------- ------- Change in unrealized gains (losses) on investments 1,263,051 802,529 32,755 ---------- ---------- ------- Net increase (decrease) in net assets resulting from operations $3,575,870 $2,611,036 $42,606 ========== ========== =======
The accompanying notes are an integral part of these financial statements. 35
JANUS ASPEN JANUS ASPEN LMPVET LMPVET GLOBAL TECHNOLOGY WORLDWIDE GROWTH AGGRESSIVE GROWTH AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (SERVICE SHARES) (CLASS I) (b) (CLASS II) (b) ----------------- ---------------- ----------------- ----------------- INVESTMENT INCOME: Dividends $ 9,073 $ 1,506 $ -- $ -- -------- ------- --------- --------- EXPENSES: Mortality and expense risk charges 25,208 4,717 96,064 86,905 Administrative charges 2,087 394 7,961 7,277 -------- ------- --------- --------- Total expenses 27,295 5,111 104,025 94,182 -------- ------- --------- --------- Net investment income (loss) (18,222) (3,605) (104,025) (94,182) -------- ------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- 41,475 39,796 Realized gains (losses) on sale of investments 19,478 9,782 (13,865) (10,293) -------- ------- --------- --------- Net realized gains (losses) 19,478 9,782 27,610 29,503 -------- ------- --------- --------- Change in unrealized gains (losses) on investments 230,422 10,593 (293,058) (287,503) -------- ------- --------- --------- Net increase (decrease) in net assets resulting from operations $231,678 $16,770 $(369,473) $(352,182) ======== ======= ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 36
LMPVET LMPVET LMPVET APPRECIATION EQUITY INDEX FUNDAMENTAL VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (b) (CLASS II) (CLASS I) (b) ------------- ------------ ----------------- INVESTMENT INCOME: Dividends $ 17,535 $ 211,924 $ 57,471 -------- --------- --------- EXPENSES: Mortality and expense risk charges 20,647 240,413 57,079 Administrative charges 1,757 20,294 4,857 -------- --------- --------- Total expenses 22,404 260,707 61,936 -------- --------- --------- Net investment income (loss) (4,869) (48,783) (4,465) -------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 135,727 612,599 224,186 Realized gains (losses) on sale of investments 3,552 281,850 (3,203) -------- --------- --------- Net realized gains (losses) 139,279 894,449 220,983 -------- --------- --------- Change in unrealized gains (losses) on investments (89,742) (450,289) (471,368) -------- --------- --------- Net increase (decrease) in net assets resulting from operations $ 44,668 $ 395,377 $(254,850) ======== ========= ========= LMPVET LMPVET LMPVET INVESTORS LARGE CAP GROWTH SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (b) (CLASS I) ---------- ---------------- ---------------- INVESTMENT INCOME: Dividends $ 39,313 $ 1,036 $ -- -------- -------- -------- EXPENSES: Mortality and expense risk charges 57,237 31,224 90,607 Administrative charges 4,766 2,579 7,534 -------- -------- -------- Total expenses 62,003 33,803 98,141 -------- -------- -------- Net investment income (loss) (22,690) (32,767) (98,141) -------- -------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 83,520 -- 342,461 Realized gains (losses) on sale of investments 43,129 2,557 99,374 -------- -------- -------- Net realized gains (losses) 126,649 2,557 441,835 -------- -------- -------- Change in unrealized gains (losses) on investments (40,968) 11,416 42,975 -------- -------- -------- Net increase (decrease) in net assets resulting from operations $ 62,991 $(18,794) $386,669 ======== ======== ========
The accompanying notes are an integral part of these financial statements. 37
LMPVPI LMPVPI LMPVPII LMPVET ALL CAP ALL CAP GROWTH AND INCOME SOCIAL AWARENESS SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (a) (CLASS II) (a) (CLASS I) (a) ---------------- ------------- -------------- ----------------- INVESTMENT INCOME: Dividends $ 13,570 $ 13,293 $ 91 $ 980 -------- --------- -------- --------- EXPENSES: Mortality and expense risk charges 16,636 25,605 1,238 9,370 Administrative charges 1,455 2,172 111 793 -------- --------- -------- --------- Total expenses 18,091 27,777 1,349 10,163 -------- --------- -------- --------- Net investment income (loss) (4,521) (14,484) (1,258) (9,183) -------- --------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 157,381 230,450 12,520 70,393 Realized gains (losses) on sale of investments 4,474 760,038 11,533 278,292 -------- --------- -------- --------- Net realized gains (losses) 161,855 990,488 24,053 348,685 -------- --------- -------- --------- Change in unrealized gains (losses) on investments (74,669) (760,158) (11,222) (267,009) -------- --------- -------- --------- Net increase (decrease) in net assets resulting from operations $ 82,665 $ 215,846 $ 11,573 $ 72,493 ======== ========= ======== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 38
LMPVPI LMPVPII LMPVPII LARGE CAP GROWTH AGGRESSIVE GROWTH AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (a) (CLASS I) (a) (CLASS II) (a) ---------------- ----------------- ----------------- INVESTMENT INCOME: Dividends $ -- $ -- $ -- --------- ----------- ----------- EXPENSES: Mortality and expense risk charges 15,165 48,946 39,785 Administrative charges 1,246 4,051 3,346 --------- ----------- ----------- Total expenses 16,411 52,997 43,131 --------- ----------- ----------- Net investment income (loss) (16,411) (52,997) (43,131) --------- ----------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 21,243 17,943 Realized gains (losses) on sale of investments 393,380 1,905,882 1,410,393 --------- ----------- ----------- Net realized gains (losses) 393,380 1,927,125 1,428,336 --------- ----------- ----------- Change in unrealized gains (losses) on investments (271,145) (1,587,920) (1,154,276) --------- ----------- ----------- Net increase (decrease) in net assets resulting from operations $ 105,824 $ 286,208 $ 230,929 ========= =========== =========== LMPVET LMPVIT LMPVPI CAPITAL AND INCOME ADJUSTABLE TOTAL RETURN SUBACCOUNT RATE INCOME SUBACCOUNT (CLASS II) (b) SUBACCOUNT (CLASS II) (a) ------------------ ----------- -------------- INVESTMENT INCOME: Dividends $ 57,286 $117,161 $ 25,178 --------- -------- --------- EXPENSES: Mortality and expense risk charges 54,464 48,832 24,170 Administrative charges 4,760 4,041 2,121 --------- -------- --------- Total expenses 59,224 52,873 26,291 --------- -------- --------- Net investment income (loss) (1,938) 64,288 (1,113) --------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 762,235 -- 28,496 Realized gains (losses) on sale of investments 3,366 (1,954) 394,209 --------- -------- --------- Net realized gains (losses) 765,601 (1,954) 422,705 --------- -------- --------- Change in unrealized gains (losses) on investments (770,491) (72,946) (299,259) --------- -------- --------- Net increase (decrease) in net assets resulting from operations $ (6,828) $(10,612) $ 122,333 ========= ======== =========
The accompanying notes are an integral part of these financial statements. 39
MIST LORD ABBETT LORD ABBETT BATTERYMARCH MIST BLACKROCK GROWTH AND INCOME MID-CAP VALUE MID-CAP STOCK HIGH YIELD SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS VC)(a) (CLASS VC)(a) (CLASS A) (CLASS A) ----------------- ------------- ------------- --------------- INVESTMENT INCOME: Dividends $ -- $ -- $ 17,393 $ 545,775 ----------- ---------- --------- --------- EXPENSES: Mortality and expense risk charges 89,218 77,616 96,681 167,735 Administrative charges 7,214 6,436 8,350 15,128 ----------- ---------- --------- --------- Total expenses 96,432 84,052 105,031 182,863 ----------- ---------- --------- --------- Net investment income (loss) (96,432) (84,052) (87,638) 362,912 ----------- ---------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- 693,497 -- Realized gains (losses) on sale of investments 2,133,663 2,182,490 (20,610) (4,093) ----------- ---------- --------- --------- Net realized gains (losses) 2,133,663 2,182,490 672,887 (4,093) ----------- ---------- --------- --------- Change in unrealized gains (losses) on investments (1,472,754) (801,611) (362,707) (523,685) ----------- ---------- --------- --------- Net increase (decrease) in net assets resulting from operations $ 564,477 $1,296,827 $ 222,542 $(164,866) =========== ========== ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 40
MIST BLACKROCK MIST BLACKROCK MIST DREMAN LARGE-CAP CORE LARGE-CAP CORE SMALL-CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS E)(b) (CLASS A)(a) (CLASS A) -------------- -------------- --------------- INVESTMENT INCOME: Dividends $ -- $ 34,038 $ -- -------- --------- -------- EXPENSES: Mortality and expense risk charges 58,198 29,208 9,161 Administrative charges 4,695 2,362 783 -------- --------- -------- Total expenses 62,893 31,570 9,944 -------- --------- -------- Net investment income (loss) (62,893) 2,468 (9,944) -------- --------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 296,540 2,763 Realized gains (losses) on sale of investments 15,733 252,749 12,236 -------- --------- -------- Net realized gains (losses) 15,733 549,289 14,999 -------- --------- -------- Change in unrealized gains (losses) on investments 38,779 (323,399) (23,082) -------- --------- -------- Net increase (decrease) in net assets resulting from operations $ (8,381) $ 228,358 $(18,027) ======== ========= ======== MIST HARRIS OAKMARK MIST MIST INTERNATIONAL JANUS FORTY LAZARD MID-CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B)(b) -------------- ------------ -------------- INVESTMENT INCOME: Dividends $ 71,730 $ 15,083 $ -- --------- ---------- -------- EXPENSES: Mortality and expense risk charges 136,748 159,348 5,637 Administrative charges 11,361 13,486 482 --------- ---------- -------- Total expenses 148,109 172,834 6,119 --------- ---------- -------- Net investment income (loss) (76,379) (157,751) (6,119) --------- ---------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 615,472 1,450,374 -- Realized gains (losses) on sale of investments 79,383 24,950 (1,201) --------- ---------- -------- Net realized gains (losses) 694,855 1,475,324 (1,201) --------- ---------- -------- Change in unrealized gains (losses) on investments (855,323) 957,135 (54,598) --------- ---------- -------- Net increase (decrease) in net assets resulting from operations $(236,847) $2,274,708 $(61,918) ========= ========== ========
The accompanying notes are an integral part of these financial statements. 41
MIST LEGG MASON PARTNERS MIST LORD ABBETT MIST LORD ABBETT MIST LORD ABBETT MANAGED ASSETS BOND DEBENTURE GROWTH AND INCOME MID-CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) (CLASS B) ------------------- ---------------- ----------------- ---------------- INVESTMENT INCOME: Dividends $ 104,641 $231,242 $ 135,508 $ 2,472 --------- -------- --------- ----------- EXPENSES: Mortality and expense risk charges 79,461 75,371 404,296 168,017 Administrative charges 6,587 6,212 38,255 13,957 --------- -------- --------- ----------- Total expenses 86,048 81,583 442,551 181,974 --------- -------- --------- ----------- Net investment income (loss) 18,593 149,659 (307,043) (179,502) --------- -------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 367,837 5,333 696,294 52,109 Realized gains (losses) on sale of investments 9,421 49,072 142,939 (85,461) --------- -------- --------- ----------- Net realized gains (losses) 377,258 54,405 839,233 (33,352) --------- -------- --------- ----------- Change in unrealized gains (losses) on investments (213,538) (8,594) (502,781) (1,251,102) --------- -------- --------- ----------- Net increase (decrease) in net assets resulting from operations $ 182,313 $195,470 $ 29,409 $(1,463,956) ========= ======== ========= ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 42
MIST MET/AIM MIST MET/AIM MIST MET/AIM CAPITAL APPRECIATION CAPITAL APPRECIATION SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS E) (b) (CLASS A) -------------------- -------------------- ---------------- INVESTMENT INCOME: Dividends $ 2,566 $ -- $ -- -------- -------- ------- EXPENSES: Mortality and expense risk charges 51,509 78,651 5,904 Administrative charges 4,336 6,764 495 -------- -------- ------- Total expenses 55,845 85,415 6,399 -------- -------- ------- Net investment income (loss) (53,279) (85,415) (6,399) -------- -------- ------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 7,044 -- 2,839 Realized gains (losses) on sale of investments (11,136) 10,334 6,043 -------- -------- ------- Net realized gains (losses) (4,092) 10,334 8,882 -------- -------- ------- Change in unrealized gains (losses) on investments 324,540 254,599 6,763 -------- -------- ------- Net increase (decrease) in net assets resulting from operations $267,169 $179,518 $ 9,246 ======== ======== ======= MIST MIST MFS EMERGING MFS RESEARCH MIST MARKETS EQUITY INTERNATIONAL MFS VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (b) (CLASS B) (b) (CLASS A) -------------- ------------- ---------- INVESTMENT INCOME: Dividends $ -- $ -- $ 56 ---------- -------- --------- EXPENSES: Mortality and expense risk charges 65,182 13,522 160,783 Administrative charges 5,509 1,202 13,424 ---------- -------- --------- Total expenses 70,691 14,724 174,207 ---------- -------- --------- Net investment income (loss) (70,691) (14,724) (174,151) ---------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- 167,300 Realized gains (losses) on sale of investments 108,210 2,006 105,009 ---------- -------- --------- Net realized gains (losses) 108,210 2,006 272,309 ---------- -------- --------- Change in unrealized gains (losses) on investments 1,139,133 65,605 358,674 ---------- -------- --------- Net increase (decrease) in net assets resulting from operations $1,176,652 $ 52,887 $ 456,832 ========== ======== =========
The accompanying notes are an integral part of these financial statements. 43
MIST MIST MIST NEUBERGER BERMAN OPPENHEIMER PIMCO INFLATION MIST REAL ESTATE CAPITAL APPRECIATION PROTECTED BOND PIONEER FUND SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) (b) (CLASS A) ---------------- -------------------- --------------- ------------ INVESTMENT INCOME: Dividends $ 173,503 $ -- $ -- $ 12,448 ----------- --------- --------- -------- EXPENSES: Mortality and expense risk charges 278,512 107,485 138,961 24,161 Administrative charges 23,947 9,276 11,733 2,073 ----------- --------- --------- -------- Total expenses 302,459 116,761 150,694 26,234 ----------- --------- --------- -------- Net investment income (loss) (128,956) (116,761) (150,694) (13,786) ----------- --------- --------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 1,390,332 371,361 -- -- Realized gains (losses) on sale of investments 296,919 61,135 24,102 59,189 ----------- --------- --------- -------- Net realized gains (losses) 1,687,251 432,496 24,102 59,189 ----------- --------- --------- -------- Change in unrealized gains (losses) on investments (4,223,659) 335,584 810,364 1,961 ----------- --------- --------- -------- Net increase (decrease) in net assets resulting from operations $(2,665,364) $ 651,319 $ 683,772 $ 47,364 =========== ========= ========= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 44
MIST MIST MIST PIONEER PIONEER STRATEGIC THIRD AVENUE MID-CAP VALUE INCOME SMALL CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (a) (CLASS A) (CLASS B) ------------- ----------------- --------------- INVESTMENT INCOME: Dividends $ 1,939 $ 64,143 $ 119,533 -------- --------- ----------- EXPENSES: Mortality and expense risk charges 2,626 165,907 384,609 Administrative charges 225 13,960 32,531 -------- --------- ----------- Total expenses 2,851 179,867 417,140 -------- --------- ----------- Net investment income (loss) (912) (115,724) (297,607) -------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 69,071 -- 785,123 Realized gains (losses) on sale of investments 1,319 23,086 (112,979) -------- --------- ----------- Net realized gains (losses) 70,390 23,086 672,144 -------- --------- ----------- Change in unrealized gains (losses) on investments (22,913) 511,935 (2,462,404) -------- --------- ----------- Net increase (decrease) in net assets resulting from operations $ 46,565 $ 419,297 $(2,087,867) ======== ========= =========== MSF BLACKROCK MSF BLACKROCK MSF BLACKROCK AGGRESSIVE GROWTH BOND INCOME MONEY MARKET SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS A) (CLASS A) ----------------- ------------- ------------- INVESTMENT INCOME: Dividends $ -- $266,005 $1,398,760 --------- -------- ---------- EXPENSES: Mortality and expense risk charges 92,150 146,498 521,249 Administrative charges 7,966 12,407 42,462 --------- -------- ---------- Total expenses 100,116 158,905 563,711 --------- -------- ---------- Net investment income (loss) (100,116) 107,100 835,049 --------- -------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- -- Realized gains (losses) on sale of investments 49,747 40,283 -- --------- -------- ---------- Net realized gains (losses) 49,747 40,283 -- --------- -------- ---------- Change in unrealized gains (losses) on investments 926,137 205,044 -- --------- -------- ---------- Net increase (decrease) in net assets resulting from operations $ 875,768 $352,427 $ 835,049 ========= ======== ==========
The accompanying notes are an integral part of these financial statements. 45
MSF METLIFE MSF MSF MSF METLIFE CONSERVATIVE FI LARGE CAP FI VALUE LEADERS AGGRESSIVE ALLOCATION ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS D) (CLASS B) (CLASS B) ------------ ---------------- --------------------- ------------ INVESTMENT INCOME: Dividends $ 7,850 $ 94,886 $ 1,086 $ -- --------- ---------- -------- -------- EXPENSES: Mortality and expense risk charges 86,945 206,873 39,062 45,152 Administrative charges 7,165 17,142 2,973 3,504 --------- ---------- -------- -------- Total expenses 94,110 224,015 42,035 48,656 --------- ---------- -------- -------- Net investment income (loss) (86,260) (129,129) (40,949) (48,656) --------- ---------- -------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 325,613 1,027,273 3,122 1,320 Realized gains (losses) on sale of investments 7,258 20,878 20,953 59,407 --------- ---------- -------- -------- Net realized gains (losses) 332,871 1,048,151 24,075 60,727 --------- ---------- -------- -------- Change in unrealized gains (losses) on investments (148,568) (661,337) 13,243 65,380 --------- ---------- -------- -------- Net increase (decrease) in net assets resulting from operations $ 98,043 $ 257,685 $ (3,631) $ 77,451 ========= ========== ======== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 46
MSF METLIFE MSF METLIFE CONSERVATIVE TO MSF METLIFE MODERATE TO MODERATE ALLOCATION MODERATE ALLOCATION AGGRESSIVE ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------- ------------------- --------------------- INVESTMENT INCOME: Dividends $ -- $ 1,046 $ 2,539 -------- --------- --------- EXPENSES: Mortality and expense risk charges 56,051 236,125 136,643 Administrative charges 4,659 18,827 10,996 -------- --------- --------- Total expenses 60,710 254,952 147,639 -------- --------- --------- Net investment income (loss) (60,710) (253,906) (145,100) -------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 6,783 18,833 10,158 Realized gains (losses) on sale of investments 52,356 125,272 298,820 -------- --------- --------- Net realized gains (losses) 59,139 144,105 308,978 -------- --------- --------- Change in unrealized gains (losses) on investments 47,336 349,440 30,367 -------- --------- --------- Net increase (decrease) in net assets resulting from operations $ 45,765 $ 239,639 $ 194,245 ======== ========= ========= MSF MSF MFS MSF MFS OPPENHEIMER TOTAL RETURN TOTAL RETURN GLOBAL EQUITY SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS F) (CLASS B) ------------ ------------ ------------- INVESTMENT INCOME: Dividends $ 84,935 $ 673,358 $ 317,860 --------- ---------- ---------- EXPENSES: Mortality and expense risk charges 86,694 613,982 622,265 Administrative charges 7,040 51,644 53,400 --------- ---------- ---------- Total expenses 93,734 665,626 675,665 --------- ---------- ---------- Net investment income (loss) (8,799) 7,732 (357,805) --------- ---------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 145,763 1,136,117 527,032 Realized gains (losses) on sale of investments 35,524 274,520 599,413 --------- ---------- ---------- Net realized gains (losses) 181,287 1,410,637 1,126,445 --------- ---------- ---------- Change in unrealized gains (losses) on investments (106,545) (670,943) 822,708 --------- ---------- ---------- Net increase (decrease) in net assets resulting from operations $ 65,943 $ 747,426 $1,591,348 ========= ========== ==========
The accompanying notes are an integral part of these financial statements. 47
MSF MSF WESTERN ASSET MSF WESTERN ASSET T. ROWE PRICE MANAGEMENT HIGH MANAGEMENT U.S. PIMCO VIT LARGE CAP GROWTH YIELD BOND GOVERNMENT REAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) (a) (CLASS A) (ADMINISTRATIVE CLASS) (a) ---------------- ----------------- ----------------- -------------------------- INVESTMENT INCOME: Dividends $ 4,920 $ 755,882 $166,660 $ 174,451 -------- --------- -------- --------- EXPENSES: Mortality and expense risk charges 45,591 40,197 94,528 65,458 Administrative charges 3,941 3,577 9,026 5,547 -------- --------- -------- --------- Total expenses 49,532 43,774 103,554 71,005 -------- --------- -------- --------- Net investment income (loss) (44,612) 712,108 63,106 103,446 -------- --------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 22,694 64,810 -- -- Realized gains (losses) on sale of investments 27,649 (5,953) 50,596 (699,546) -------- --------- -------- --------- Net realized gains (losses) 50,343 58,857 50,596 (699,546) -------- --------- -------- --------- Change in unrealized gains (losses) on investments 164,458 (497,478) 43,861 811,182 -------- --------- -------- --------- Net increase (decrease) in net assets resulting from operations $170,189 $ 273,487 $157,563 $ 215,082 ======== ========= ======== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 48
PIMCO VIT PIONEER PIONEER TOTAL RETURN AMERICA INCOME VCT BOND VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (ADMINISTRATIVE CLASS) (CLASS II) (c) (CLASS II) (d) ---------------------- ------------------ -------------- INVESTMENT INCOME: Dividends $1,257,131 $368,403 $ 62,589 ---------- -------- -------- EXPENSES: Mortality and expense risk charges 468,166 139,286 24,197 Administrative charges 39,275 12,017 2,059 ---------- -------- -------- Total expenses 507,441 151,303 26,256 ---------- -------- -------- Net investment income (loss) 749,690 217,100 36,333 ---------- -------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- -- Realized gains (losses) on sale of investments (84,476) (93,308) 656 ---------- -------- -------- Net realized gains (losses) (84,476) (93,308) 656 ---------- -------- -------- Change in unrealized gains (losses) on investments 1,029,439 208,007 68,283 ---------- -------- -------- Net increase (decrease) in net assets resulting from operations $1,694,653 $331,799 $105,272 ========== ======== ======== PIONEER PIONEER PIONEER CULLEN VALUE VCT EMERGING MARKETS VCT EQUITY INCOME VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ---------------- -------------------- ----------------- INVESTMENT INCOME: Dividends $ 58,406 $ 46,012 $ 303,198 -------- ---------- --------- EXPENSES: Mortality and expense risk charges 122,310 238,994 217,290 Administrative charges 10,875 20,417 19,814 -------- ---------- --------- Total expenses 133,185 259,411 237,104 -------- ---------- --------- Net investment income (loss) (74,779) (213,399) 66,094 -------- ---------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 1,370,335 413,833 Realized gains (losses) on sale of investments 61,965 609,502 265,655 -------- ---------- --------- Net realized gains (losses) 61,965 1,979,837 679,488 -------- ---------- --------- Change in unrealized gains (losses) on investments 291,114 2,768,304 (959,180) -------- ---------- --------- Net increase (decrease) in net assets resulting from operations $278,300 $4,534,742 $(213,598) ======== ========== =========
The accompanying notes are an integral part of these financial statements. 49
PIONEER EQUITY PIONEER PIONEER GLOBAL PIONEER OPPORTUNITY VCT FUND VCT HIGH YIELD VCT HIGH YIELD VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (c) (CLASS II) (CLASS II) (CLASS II) --------------- ---------- -------------- -------------- INVESTMENT INCOME: Dividends $ 1,204 $121,356 $ 386,732 $726,895 -------- -------- --------- -------- EXPENSES: Mortality and expense risk charges 10,166 203,537 89,961 245,987 Administrative charges 858 17,093 7,170 21,477 -------- -------- --------- -------- Total expenses 11,024 220,630 97,131 267,464 -------- -------- --------- -------- Net investment income (loss) (9,820) (99,274) 289,601 459,431 -------- -------- --------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 84,195 -- 72,706 13,146 Realized gains (losses) on sale of investments 9,400 239,790 (3,262) 121,720 -------- -------- --------- -------- Net realized gains (losses) 93,595 239,790 69,444 134,866 -------- -------- --------- -------- Change in unrealized gains (losses) on investments (18,944) 121,440 (395,188) (54,625) -------- -------- --------- -------- Net increase (decrease) in net assets resulting from operations $ 64,831 $261,956 $ (36,143) $539,672 ======== ======== ========= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 50
PIONEER IBBOTSON PIONEER IBBOTSON PIONEER IBBOTSON AGGRESSIVE GROWTH MODERATE ALLOCATION VCT ALLOCATION VCT ALLOCATION VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ---------------- ---------------- ---------------- INVESTMENT INCOME: Dividends $ 66,113 $ 939,850 $ 491,128 -------- ----------- ---------- EXPENSES: Mortality and expense risk charges 90,830 1,921,363 963,328 Administrative charges 7,897 139,506 72,828 -------- ----------- ---------- Total expenses 98,727 2,060,869 1,036,156 -------- ----------- ---------- Net investment income (loss) (32,614) (1,121,019) (545,028) -------- ----------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 161,831 1,714,800 600,089 Realized gains (losses) on sale of investments 24,928 268,591 307,405 -------- ----------- ---------- Net realized gains (losses) 186,759 1,983,391 907,494 -------- ----------- ---------- Change in unrealized gains (losses) on investments (20,808) 1,225,391 938,264 -------- ----------- ---------- Net increase (decrease) in net assets resulting from operations $133,337 $ 2,087,763 $1,300,730 ======== =========== ========== PIONEER PIONEER INTERNATIONAL PIONEER MID CAP INDEPENDENCE VCT VALUE VCT VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ---------------- ------------- --------------- INVESTMENT INCOME: Dividends $ -- $ 15,589 $ 68,569 -------- -------- ---------- EXPENSES: Mortality and expense risk charges 38,898 88,008 199,462 Administrative charges 3,284 7,572 17,650 -------- -------- ---------- Total expenses 42,182 95,580 217,112 -------- -------- ---------- Net investment income (loss) (42,182) (79,991) (148,543) -------- -------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 53,857 1,225,256 Realized gains (losses) on sale of investments 48,691 219,660 (155,109) -------- -------- ---------- Net realized gains (losses) 48,691 273,517 1,070,147 -------- -------- ---------- Change in unrealized gains (losses) on investments 109,418 293,415 (602,644) -------- -------- ---------- Net increase (decrease) in net assets resulting from operations $115,927 $486,941 $ 318,960 ======== ======== ==========
The accompanying notes are an integral part of these financial statements. 51
PIONEER OAK RIDGE PIONEER PIONEER LARGE CAP REAL ESTATE SMALL AND MID CAP PIONEER SMALL GROWTH VCT SHARES VCT GROWTH VCT CAP VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (c) (CLASS II) ---------- ----------- ----------------- ------------- INVESTMENT INCOME: Dividends $ 11,860 $ 265,134 $ -- $ 40,137 --------- ----------- --------- ----------- EXPENSES: Mortality and expense risk charges 108,393 178,709 36,597 135,595 Administrative charges 9,153 15,770 3,196 11,895 --------- ----------- --------- ----------- Total expenses 117,546 194,479 39,793 147,490 --------- ----------- --------- ----------- Net investment income (loss) (105,686) 70,655 (39,793) (107,353) --------- ----------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 24,157 1,000,336 599,465 1,864,038 Realized gains (losses) on sale of investments 154,962 259,981 46,841 (93,194) --------- ----------- --------- ----------- Net realized gains (losses) 179,119 1,260,317 646,306 1,770,844 --------- ----------- --------- ----------- Change in unrealized gains (losses) on investments 273,910 (3,590,805) (250,221) (2,363,206) --------- ----------- --------- ----------- Net increase (decrease) in net assets resulting from operations $ 347,343 $(2,259,833) $ 356,292 $ (699,715) ========= =========== ========= ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 52
PIONEER STRATEGIC PUTNAM VT INCOME VCT PIONEER VALUE VCT INTERNATIONAL EQUITY SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (c) (CLASS IB) (a) ----------------- ----------------- -------------------- INVESTMENT INCOME: Dividends $1,091,148 $ 170,948 $ 20,304 ---------- --------- --------- EXPENSES: Mortality and expense risk charges 366,876 97,174 3,935 Administrative charges 31,742 8,039 345 ---------- --------- --------- Total expenses 398,618 105,213 4,280 ---------- --------- --------- Net investment income (loss) 692,530 65,735 16,024 ---------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 116,013 436,783 87,894 Realized gains (losses) on sale of investments (17,038) 334,799 194,176 ---------- --------- --------- Net realized gains (losses) 98,975 771,582 282,070 ---------- --------- --------- Change in unrealized gains (losses) on investments 104,962 (839,576) (240,847) ---------- --------- --------- Net increase (decrease) in net assets resulting from operations $ 896,467 $ (2,259) $ 57,247 ========== ========= ========= PUTNAM VT VAN KAMPEN LIT VAN KAMPEN LIT SMALL CAP VALUE COMSTOCK ENTERPRISE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS IB) (a) (CLASS II) (CLASS II) --------------- -------------- -------------- INVESTMENT INCOME: Dividends $ 82,872 $ 225,508 $ 290 ----------- ----------- ------- EXPENSES: Mortality and expense risk charges 83,510 256,764 3,167 Administrative charges 7,299 21,453 283 ----------- ----------- ------- Total expenses 90,809 278,217 3,450 ----------- ----------- ------- Net investment income (loss) (7,937) (52,709) (3,160) ----------- ----------- ------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 1,657,447 313,027 -- Realized gains (losses) on sale of investments 1,067,930 256,135 2,861 ----------- ----------- ------- Net realized gains (losses) 2,725,377 569,162 2,861 ----------- ----------- ------- Change in unrealized gains (losses) on investments (1,726,958) (1,080,467) 18,831 ----------- ----------- ------- Net increase (decrease) in net assets resulting from operations $ 990,482 $ (564,014) $18,532 =========== =========== =======
The accompanying notes are an integral part of these financial statements. 53 METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
AIM V.I. MID CAP CORE EQUITY AIM V.I. UTILITIES AIM V.I. CAPITAL APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERIES II) (SERIES I) (SERIES II) ---------------------------- ---------------------- ----------------------------- 2007 2006 2007 2006 2007 (a) 2006 ---------- ---------- ---------- ---------- ------------ ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (54,306) $ (32,556) $ 958 $ 38,151 $ (35,836) $ (101,416) Net realized gains (losses) 90,434 306,099 309,002 115,242 1,270,367 73,612 Change in unrealized gains (losses) on investments 156,099 (61,501) 104,574 283,685 (860,370) 244,796 ---------- ---------- ---------- ---------- --------- ---------- Net increase (decrease) in net assets resulting from operations 192,227 212,042 414,534 437,078 374,161 216,992 ---------- ---------- ---------- ---------- --------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 250,258 471,916 70,298 59,667 189,726 1,075,430 Transfers from other funding options 252,194 137,809 489,719 549,763 81,115 185,268 Contract charges (645) (596) (479) (492) (12) (1,856) Contract surrenders (160,033) (111,983) (287,281) (50,233) (140,279) (353,874) Transfers to other funding options (435,352) (306,337) (386,673) (362,468) (6,273,892) (256,175) Other receipts (payments) (19,403) (88,484) (5,946) -- (13,525) (91,172) ---------- ---------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (112,981) 102,325 (120,362) 196,237 (6,156,867) 557,621 ---------- ---------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets 79,246 314,367 294,172 633,315 (5,782,706) 774,613 NET ASSETS: Beginning of period 2,775,926 2,461,559 2,435,790 1,802,475 5,782,706 5,008,093 ---------- ---------- ---------- ---------- ----------- ---------- End of period $2,855,172 $2,775,926 $2,729,962 $2,435,790 $ -- $5,782,706 ========== ========== ========== ========== =========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 54
ALGER AMERICAN LEVERAGED ALLCAP AMERICAN FUNDS GLOBAL GROWTH SUBACCOUNT SUBACCOUNT (CLASS S) (CLASS 2) ------------------------------- ---------------------------- 2007 2006 2007 2006 ---------- ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (57,009) $ (40,043) $ 175,269 $ (198,655) Net realized gains (losses) 139,677 151,574 1,615,133 244,925 Change in unrealized gains (losses) on investments 669,548 201,553 854,120 3,002,642 ---------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 752,216 313,084 2,644,522 3,048,912 ---------- ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 87,687 477,849 847,199 1,666,900 Transfers from other funding options 1,597,258 1,684,045 3,312,367 2,763,912 Contract charges (592) (552) (6,264) (5,806) Contract surrenders (115,663) (110,309) (852,170) (457,732) Transfers to other funding options (476,352) (1,437,506) (2,409,097) (1,298,656) Other receipts (payments) (1,569) -- (93,268) (125,665) ---------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 1,090,769 613,527 798,767 2,542,953 ---------- ----------- ----------- ----------- Net increase (decrease) in net assets 1,842,985 926,611 3,443,289 5,591,865 NET ASSETS: Beginning of period 2,198,304 1,271,693 20,624,439 15,032,574 ---------- ----------- ----------- ----------- End of period $4,041,289 $ 2,198,304 $24,067,728 $20,624,439 ========== =========== =========== =========== AMERICAN FUNDS GROWTH-INCOME AMERICAN FUNDS GROWTH SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) ---------------------------- ------------------------ 2007 2006 2007 2006 ----------- ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (245,082) $ (178,851) $ (687,343) $ (615,259) Net realized gains (losses) 2,586,012 1,318,982 5,657,274 911,712 Change in unrealized gains (losses) on investments (842,340) 4,268,292 552,156 3,732,534 ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 1,498,590 5,408,423 5,522,087 4,028,987 ----------- ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 691,131 2,853,550 1,077,045 3,372,148 Transfers from other funding options 1,405,373 2,243,438 2,251,994 3,014,762 Contract charges (13,277) (13,796) (17,483) (17,689) Contract surrenders (2,207,482) (1,197,684) (3,137,802) (1,438,976) Transfers to other funding options (3,623,052) (1,897,729) (4,815,602) (3,270,390) Other receipts (payments) (146,175) (243,174) (244,337) (132,555) ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (3,893,482) 1,744,605 (4,886,185) 1,527,300 ----------- ----------- ----------- ----------- Net increase (decrease) in net assets (2,394,892) 7,153,028 635,902 5,556,287 NET ASSETS: Beginning of period 47,375,784 40,222,756 55,143,636 49,587,349 ----------- ----------- ----------- ----------- End of period $44,980,892 $47,375,784 $55,779,538 $55,143,636 =========== =========== =========== ===========
The accompanying notes are an integral part of these financial statements. 55
CREDIT SUISSE TRUST EMERGING CREDIT SUISSE TRUST GLOBAL DREYFUS MIDCAP STOCK MARKETS SMALL CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) ---------------------------- -------------------------- ---------------------- 2007 (a) 2006 2007 2006 2007 2006 ----------- ---------- --------- --------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (30,177) $ (61,741) $ (15,822) $ (15,799) $ (83,688) $ (89,666) Net realized gains (losses) 1,976,912 201,216 66,303 21,629 597,963 838,871 Change in unrealized gains (losses) on investments (1,764,857) 997,222 (96,614) 80,799 (513,759) (482,232) ----------- ---------- --------- --------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 181,878 1,136,697 (46,133) 86,629 516 266,973 ----------- ---------- --------- --------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 12,165 431,566 60,413 21,155 69,011 152,491 Transfers from other funding options 186,099 473,203 79,553 191,638 284,864 535,827 Contract charges -- (991) (177) (179) (793) (911) Contract surrenders (119,397) (92,022) (65,427) (68,254) (142,856) (237,531) Transfers to other funding options (5,313,314) (562,378) (226,145) (45,560) (926,334) (444,195) Other receipts (payments) (12,215) -- -- -- (28,441) (22,908) ----------- ---------- --------- --------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (5,246,662) 249,378 (151,783) 98,800 (744,549) (17,227) ----------- ---------- --------- --------- ---------- ---------- Net increase (decrease) in net assets (5,064,784) 1,386,075 (197,916) 185,429 (744,033) 249,746 NET ASSETS: Beginning of period 5,064,784 3,678,709 882,503 697,074 5,177,037 4,927,291 ----------- ---------- --------- --------- ---------- ---------- End of period $ -- $5,064,784 $ 684,587 $ 882,503 $4,433,004 $5,177,037 =========== ========== ========= ========= ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 56
DREYFUS SOCIALLY RESPONSIBLE GROWTH DREYFUS VIF APPRECIATION SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (INITIAL SHARES) ------------------ ------------------------ 2007 2006 2007 2006 -------- -------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (4,904) $ (5,783) $ (9,207) $ (8,373) Net realized gains (losses) 9,041 2,647 66,377 18,697 Change in unrealized gains (losses) on investments 11,045 22,235 66,542 306,976 -------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 15,182 19,099 123,712 317,300 -------- -------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 17,597 15,858 17,156 79,383 Transfers from other funding options 2,428 5,663 61,681 165,036 Contract charges (148) (121) (1,034) (1,125) Contract surrenders (38,884) (21,748) (166,387) (77,035) Transfers to other funding options (13,060) (1,077) (142,297) (142,204) Other receipts (payments) -- (4,416) (11,758) -- -------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (32,067) (5,841) (242,639) 24,055 -------- -------- ---------- ---------- Net increase (decrease) in net assets (16,885) 13,258 (118,927) 341,355 NET ASSETS: Beginning of period 296,584 283,326 2,518,813 2,177,458 -------- -------- ---------- ---------- End of period $279,699 $296,584 $2,399,886 $2,518,813 ======== ======== ========== ========== DREYFUS VIF DEVELOPING LEADERS DWS VIT EQUITY 500 INDEX SUBACCOUNT SUBACCOUNT (INITIAL SHARES) (CLASS 2) ------------------------------ ------------------------ 2007 2006 2007 2006 ----------- ---------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (100,917) $ (134,380) $ (42,879) $ (55,557) Net realized gains (losses) 1,002,329 695,177 162,027 20,662 Change in unrealized gains (losses) on investments (1,967,078) (442,249) 44,325 623,215 ----------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations (1,065,666) 118,548 163,473 588,320 ----------- ---------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 86,279 437,726 3,345 27,389 Transfers from other funding options 522,548 640,662 1,175,621 112,781 Contract charges (2,791) (2,957) (587) (656) Contract surrenders (271,477) (298,693) (41,997) (81,838) Transfers to other funding options (592,305) (528,175) (871,172) (135,734) Other receipts (payments) (19,208) (22,428) (10,681) (26,033) ----------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (276,954) 226,135 254,529 (104,091) ----------- ---------- ---------- ---------- Net increase (decrease) in net assets (1,342,620) 344,683 418,002 484,229 NET ASSETS: Beginning of period 8,580,463 8,235,780 5,092,588 4,608,359 ----------- ---------- ---------- ---------- End of period $ 7,237,843 $8,580,463 $5,510,590 $5,092,588 =========== ========== ========== ==========
The accompanying notes are an integral part of these financial statements. 57
DWS VIT RREEF REAL ESTATE SECURITIES DWSI GLOBAL OPPORTUNITIES DWSII BALANCED SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ----------------------- ------------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ----------- ---------- ---------- ---------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (68,332) $ (111,255) $ (35,588) $ (33,699) $ 37,143 $ 6,768 Net realized gains (losses) 1,112,129 249,341 400,316 122,779 65,476 65,242 Change in unrealized gains (losses) on investments (2,174,650) 1,545,005 (143,574) 466,588 (6,068) 234,008 ----------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations (1,130,853) 1,683,091 221,154 555,668 96,551 306,018 ----------- ---------- ---------- ---------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 131,303 222,348 49,013 100,800 23,115 103,256 Transfers from other funding options 879,316 382,507 663,650 337,936 64,391 218,433 Contract charges (996) (1,067) (606) (656) (802) (852) Contract surrenders (226,584) (146,142) (102,144) (132,508) (191,713) (246,646) Transfers to other funding options (1,003,030) (608,388) (386,945) (334,672) (296,373) (749,500) Other receipts (payments) (18,685) (12,192) (11,968) (28,574) (48,538) (50,787) ----------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (238,676) (162,934) 211,000 (57,674) (449,920) (726,096) ----------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets (1,369,529) 1,520,157 432,154 497,994 (353,369) (420,078) NET ASSETS: Beginning of period 6,472,186 4,952,029 3,374,703 2,876,709 4,050,432 4,470,510 ----------- ---------- ---------- ---------- ---------- ---------- End of period $ 5,102,657 $6,472,186 $3,806,857 $3,374,703 $3,697,063 $4,050,432 =========== ========== ========== ========== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 58
DWSI BOND DWSI CAPITAL GROWTH DWSI GROWTH & INCOME DWSI HEALTH CARE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (CLASS B) ------------------- ------------------------ ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 2007 2006 --------- -------- ----------- ----------- ---------- ---------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 25,160 $ 2,305 $ (136,866) $ (87,489) $ (81,474) $ (65,550) $ (56,871) $ (53,548) Net realized gains (losses) (18,577) 186 227,802 113,520 221,596 149,319 233,453 54,936 Change in unrealized gains (losses) on investments (7,337) 1,268 646,315 190,167 (193,561) 385,850 103,781 100,207 --------- -------- ----------- ----------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations (754) 3,759 737,251 216,198 (53,439) 469,619 280,363 101,595 --------- -------- ----------- ----------- ---------- ---------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,590 10,600 115,175 60,795 26,179 144,718 72,070 76,302 Transfers from other funding options 841,196 111,506 892,287 4,715,576 212,877 2,909,906 252,378 184,219 Contract charges (117) (43) (1,750) (1,000) (1,406) (1,164) (507) (570) Contract surrenders (1,535) (487) (268,602) (236,348) (223,637) (207,196) (172,194) (135,987) Transfers to other funding options (481,178) (9,618) (1,516,593) (1,054,981) (731,768) (833,642) (187,517) (226,845) Other receipts (payments) -- -- (33,934) (19,318) (51,623) (1,898) (5,358) (1,905) --------- -------- ----------- ----------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 359,956 111,958 (813,417) 3,464,724 (769,378) 2,010,724 (41,128) (104,786) --------- -------- ----------- ----------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets 359,202 115,717 (76,166) 3,680,922 (822,817) 2,480,343 239,235 (3,191) NET ASSETS: Beginning of period 167,191 51,474 8,019,061 4,338,139 6,943,787 4,463,444 2,653,456 2,656,647 --------- -------- ----------- ----------- ---------- ---------- ---------- ---------- End of period $ 526,393 $167,191 $ 7,942,895 $ 8,019,061 $6,120,970 $6,943,787 $2,892,691 $2,653,456 ========= ======== =========== =========== ========== ========== ========== ==========
The accompanying notes are an integral part of these financial statements. 59
DWSII INTERNATIONAL DWSII STRATEGIC INCOME DWSII BLUE CHIP SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- ----------------------- ------------------------ 2007 2006 2007 2006 2007 2006 ---------- ---------- ----------- ---------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (3,521) $ (12,611) $ 191,413 $ 103,134 $ (77,278) $ (85,098) Net realized gains (losses) 176,045 177,533 7,506 46,099 787,215 580,480 Change in unrealized gains (losses) on investments 448,543 483,467 (49,877) 156,271 (592,261) 227,321 ---------- ---------- ----------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 621,067 648,389 149,042 305,504 117,676 722,703 ---------- ---------- ----------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 74,042 46,169 49,324 161,445 252,399 282,571 Transfers from other funding options 484,452 2,771,594 909,634 1,006,227 1,976,491 2,065,536 Contract charges (1,089) (611) (861) (918) (1,339) (1,489) Contract surrenders (141,779) (95,007) (131,166) (76,213) (189,422) (197,040) Transfers to other funding options (599,728) (738,845) (1,247,581) (934,986) (2,103,228) (2,341,528) Other receipts (payments) (17,943) (30,813) (19,815) (73,527) (22,123) (38,649) ---------- ---------- ----------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (202,045) 1,952,487 (440,465) 82,028 (87,222) (230,599) ---------- ---------- ----------- ---------- ----------- ----------- Net increase (decrease) in net assets 419,022 2,600,876 (291,423) 387,532 30,454 492,104 NET ASSETS: Beginning of period 5,373,019 2,772,143 5,004,657 4,617,125 5,849,960 5,357,856 ---------- ---------- ----------- ---------- ----------- ----------- End of period $5,792,041 $5,373,019 $ 4,713,234 $5,004,657 $ 5,880,414 $ 5,849,960 ========== ========== =========== ========== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 60
DWSII CONSERVATIVE ALLOCATION DWSII CORE FIXED INCOME SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ----------------------------- ----------------------- 2007 2006 2007 2006 -------------- ------------- ---------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 2,267 $ (81,911) $ 122,271 $ 83,220 Net realized gains (losses) 399,722 102,579 (1,675) (20,041) Change in unrealized gains (losses) on investments (108,886) 594,876 (7,065) 52,161 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 293,103 615,544 113,531 115,340 ----------- ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 221,319 311,420 15,845 88,854 Transfers from other funding options 453,417 4,471,601 785,188 549,449 Contract charges (2,906) (2,187) (981) (1,168) Contract surrenders (352,730) (229,036) (287,961) (342,241) Transfers to other funding options (725,040) (633,025) (118,628) (650,079) Other receipts (payments) (98,191) (231,256) (32,834) (15,361) ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (504,131) 3,687,517 360,629 (370,546) ----------- ----------- ---------- ---------- Net increase (decrease) in net assets (211,028) 4,303,061 474,160 (255,206) NET ASSETS: Beginning of period 11,228,464 6,925,403 6,243,468 6,498,674 ----------- ----------- ---------- ---------- End of period $11,017,436 $11,228,464 $6,717,628 $6,243,468 =========== =========== ========== ========== DWSII DREMAN DWSII DAVIS VENTURE VALUE HIGH RETURN EQUITY SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ------------------------- ------------------------ 2007 2006 2007 2006 ------------ ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (169,578) $ (159,272) $ (163,279) $ (102,278) Net realized gains (losses) 382,548 172,203 521,852 879,283 Change in unrealized gains (losses) on investments (15,321) 1,038,820 (1,081,781) 1,501,496 ----------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 197,649 1,051,751 (723,208) 2,278,501 ----------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 170,877 865,305 382,098 994,796 Transfers from other funding options 1,249,503 781,176 1,093,502 5,619,090 Contract charges (1,537) (1,604) (3,845) (3,199) Contract surrenders (195,798) (342,323) (669,374) (491,942) Transfers to other funding options (914,024) (861,411) (1,639,374) (809,419) Other receipts (payments) (20,576) (35,413) (74,441) (7,739) ----------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 288,445 405,730 (911,434) 5,301,587 ----------- ---------- ----------- ----------- Net increase (decrease) in net assets 486,094 1,457,481 (1,634,642) 7,580,088 NET ASSETS: Beginning of period 9,722,906 8,265,425 19,165,502 11,585,414 ----------- ---------- ----------- ----------- End of period $10,209,000 $9,722,906 $17,530,860 $19,165,502 =========== ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 61
DWSII DREMAN DWSII SMALL MID CAP VALUE DWSII GLOBAL THEMATIC GOVERNMENT & AGENCY SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ----------------------- ---------------------- ------------------------------ 2007 2006 2007 2006 2007 2006 ----------- ---------- ---------- ---------- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (124,106) $ (137,196) $ (83,847) $ (66,983) $ 40,727 $ 19,098 Net realized gains (losses) 1,506,243 817,446 826,108 361,385 (21,291) (7,930) Change in unrealized gains (losses) on investments (1,276,884) 1,024,068 (595,507) 591,591 36,490 18,107 ----------- ---------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from operations 105,253 1,704,318 146,754 885,993 55,926 29,275 ----------- ---------- ---------- ---------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 211,339 728,868 86,217 107,837 890 1,171 Transfers from other funding options 483,942 536,892 1,087,936 1,076,736 3,024,759 363,226 Contract charges (1,485) (1,534) (784) (712) (268) (334) Contract surrenders (325,963) (328,276) (299,569) (108,662) (73,387) (53,153) Transfers to other funding options (1,569,969) (817,226) (499,690) (445,596) (3,051,238) (217,987) Other receipts (payments) (24,710) (29,530) (19,347) (2,688) (41,964) (21,792) ----------- ---------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (1,226,846) 89,194 354,763 626,915 (141,208) 71,131 ----------- ---------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets (1,121,593) 1,793,512 501,517 1,512,908 (85,282) 100,406 NET ASSETS: Beginning of period 9,263,180 7,469,668 4,473,071 2,960,163 1,581,460 1,481,054 ----------- ---------- ---------- ---------- ----------- ---------- End of period $ 8,141,587 $9,263,180 $4,974,588 $4,473,071 $ 1,496,178 $1,581,460 =========== ========== ========== ========== =========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 62
DWSII GROWTH ALLOCATION DWSII HIGH INCOME SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ----------------------- ------------------------ 2007 2006 2007 2006 ----------- ----------- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (4,859) $ (214,207) $ 301,305 $ 277,384 Net realized gains (losses) 1,211,513 401,021 (43,617) 2,658 Change in unrealized gains (losses) on investments (561,650) 1,655,329 (347,996) 142,710 ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from operations 645,004 1,842,143 (90,308) 422,752 ----------- ----------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 55,138 495,806 24,466 87,013 Transfers from other funding options 205,296 1,523,186 854,261 722,951 Contract charges (3,784) (3,840) (1,168) (1,180) Contract surrenders (756,299) (417,581) (197,233) (224,835) Transfers to other funding options (1,086,012) (2,005,558) (1,304,632) (787,673) Other receipts (payments) (56,189) (43,691) (19,899) (44,621) ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (1,641,850) (451,678) (644,205) (248,345) ----------- ----------- ----------- ---------- Net increase (decrease) in net assets (996,846) 1,390,465 (734,513) 174,407 NET ASSETS: Beginning of period 18,857,212 17,466,747 5,671,489 5,497,082 ----------- ----------- ----------- ---------- End of period $17,860,366 $18,857,212 $ 4,936,976 $5,671,489 =========== =========== ========== ========== DWSII INTERNATIONAL SELECT EQUITY DWSII JANUS GROWTH & INCOME SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) --------------------------------- --------------------------- 2007 2006 2007 2006 ---------- ---------- ---------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 4,725 $ (21,578) $ (41,968) $ (44,214) Net realized gains (losses) 713,412 164,722 99,507 76,911 Change in unrealized gains (losses) on investments (41,110) 789,456 35,667 102,626 ---------- ---------- ---------- ----------- Net increase (decrease) in net assets resulting from operations 677,027 932,600 93,206 135,323 ---------- ---------- ---------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 158,546 316,584 26,379 242,957 Transfers from other funding options 1,524,879 424,403 124,995 198,633 Contract charges (846) (843) (393) (429) Contract surrenders (218,109) (192,475) (103,554) (151,025) Transfers to other funding options (803,936) (548,701) (343,000) (269,745) Other receipts (payments) -- (8,367) (12,571) (11,797) ---------- ---------- ---------- ----------- Net increase (decrease) in net assets resulting from contract transactions 660,534 (9,399) (308,144) 8,594 ---------- ---------- ---------- ----------- Net increase (decrease) in net assets 1,337,561 923,201 (214,938) 143,917 NET ASSETS: Beginning of period 5,020,613 4,097,412 2,457,650 2,313,733 ---------- ---------- ---------- ----------- End of period $6,358,174 $5,020,613 $2,242,712 $ 2,457,650 ========== ========== ========== ===========
The accompanying notes are an integral part of these financial statements. 63
DWSII LARGE CAP VALUE DWSII MID CAP GROWTH DWSII MODERATE ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- -------------------- ------------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- --------- --------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (21,169) $ (22,954) $ (16,693) $ (15,707) $ 39,166 $ (189,091) Net realized gains (losses) 179,255 28,146 72,947 26,112 860,335 256,123 Change in unrealized gains (losses) on investments 137,069 322,079 (10,600) 55,324 (360,839) 1,325,633 ---------- ---------- --------- --------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 295,155 327,271 45,654 65,729 538,662 1,392,665 ---------- ---------- --------- --------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 6,924 23,870 38,322 106,666 249,220 981,414 Transfers from other funding options 415,355 102,040 306,532 163,058 592,633 1,273,602 Contract charges (563) (608) (203) (176) (3,753) (3,675) Contract surrenders (92,588) (118,046) (31,354) (5,150) (598,758) (501,079) Transfers to other funding options (297,871) (108,859) (282,829) (147,157) (502,059) (1,081,913) Other receipts (payments) (24,512) -- -- -- (479,639) (245,987) ---------- ---------- --------- --------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 6,745 (101,603) 30,468 117,241 (742,356) 422,362 ---------- ---------- --------- --------- ----------- ----------- Net increase (decrease) in net assets 301,900 225,668 76,122 182,970 (203,694) 1,815,027 NET ASSETS: Beginning of period 2,875,977 2,650,309 888,027 705,057 17,441,676 15,626,649 ---------- ---------- --------- --------- ----------- ----------- End of period $3,177,877 $2,875,977 $ 964,149 $ 888,027 $17,237,982 $17,441,676 ========== ========== ========= ========= =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 64
DWSII MONEY MARKET DWSII SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ------------------------ ---------------------- 2007 2006 2007 2006 ----------- ----------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 133,995 $ 89,664 $ (64,610) $ (61,628) Net realized gains (losses) -- -- 104,459 38,440 Change in unrealized gains (losses) on investments -- -- 61,972 100,656 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 133,995 89,664 101,821 77,468 ----------- ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 328,695 410,693 52,832 278,354 Transfers from other funding options 9,396,879 6,923,741 543,978 292,218 Contract charges (818) (553) (623) (593) Contract surrenders (1,667,639) (556,025) (86,258) (115,485) Transfers to other funding options (8,336,607) (4,912,150) (485,589) (174,585) Other receipts (payments) (8,996) -- (18,483) (2,316) ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (288,486) 1,865,706 5,857 277,593 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets (154,491) 1,955,370 107,678 355,061 NET ASSETS: Beginning of period 4,919,873 2,964,503 3,043,223 2,688,162 ----------- ----------- ---------- ---------- End of period $ 4,765,382 $ 4,919,873 $3,150,901 $3,043,223 =========== =========== ========== ========== DWSII TECHNOLOGY DWSII TURNER MID CAP GROWTH SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ---------------------- --------------------------- 2007 2006 2007 2006 ---------- ---------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (24,417) $ (25,551) $ (47,373) $ (43,932) Net realized gains (losses) 37,650 7,045 252,342 197,886 Change in unrealized gains (losses) on investments 71,963 (12,584) 260,457 (64,557) ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 85,196 (31,090) 465,426 89,397 ---------- ---------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 84,458 31,999 40,631 54,542 Transfers from other funding options 542,361 128,349 347,614 175,552 Contract charges (317) (409) (436) (432) Contract surrenders (50,185) (56,542) (61,014) (55,413) Transfers to other funding options (307,597) (198,669) (313,610) (202,054) Other receipts (payments) (3,440) (44,297) (7,060) -- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 265,280 (139,569) 6,125 (27,805) ---------- ---------- ---------- ---------- Net increase (decrease) in net assets 350,476 (170,659) 471,551 61,592 NET ASSETS: Beginning of period 1,192,311 1,362,970 2,113,971 2,052,379 ---------- ---------- ---------- ---------- End of period $1,542,787 $1,192,311 $2,585,522 $2,113,971 ========== ========== ========== ==========
The accompanying notes are an integral part of these financial statements. 65
FIDELITY VIP FIDELITY VIP CONTRAFUND DYNAMIC CAPITAL APPRECIATION FIDELITY VIP MID CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS 2) (SERVICE CLASS 2) (SERVICE CLASS 2) ------------------------ ---------------------------- ------------------------ 2007 2006 2007 2006 2007 2006 ----------- ----------- ---------- ---------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (277,548) $ (192,375) $ (30,514) $ (23,164) $ (420,877) $ (461,646) Net realized gains (losses) 6,712,248 1,931,773 276,685 108,408 3,086,255 3,233,381 Change in unrealized gains (losses) on investments (3,121,266) 71,894 (154,341) 66,890 973,936 (258,591) ----------- ----------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 3,313,434 1,811,292 91,830 152,134 3,639,314 2,513,144 ----------- ----------- ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 310,331 2,032,476 3,180 14,349 592,186 1,679,991 Transfers from other funding options 2,707,685 2,068,079 234,616 257,160 2,171,755 2,599,742 Contract charges (6,988) (6,634) (218) (184) (8,956) (8,895) Contract surrenders (653,671) (345,152) (51,594) (11,709) (737,574) (547,710) Transfers to other funding options (1,832,363) (1,133,494) (326,395) (296,086) (2,964,944) (1,869,951) Other receipts (payments) (67,569) (13,242) -- -- (17,838) (114,979) ----------- ----------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 457,425 2,602,033 (140,411) (36,470) (965,371) 1,738,198 ----------- ----------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets 3,770,859 4,413,325 (48,581) 115,664 2,673,943 4,251,342 NET ASSETS: Beginning of period 22,196,058 17,782,733 1,532,924 1,417,260 27,992,606 23,741,264 ----------- ----------- ---------- ---------- ----------- ----------- End of period $25,966,917 $22,196,058 $1,484,343 $1,532,924 $30,666,549 $27,992,606 =========== =========== ========== ========== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 66
FTVIPT FRANKLIN FTVIPT FRANKLIN RISING DIVIDENDS SECURITIES SMALL MID-CAP GROWTH SECURITIES SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) --------------------------- ------------------------------- 2007 2006 2007 2006 ----------- ----------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 72,839 $ (108,097) $ (114,287) $ (88,042) Net realized gains (losses) 528,502 208,846 556,222 103,802 Change in unrealized gains (losses) on investments (1,279,780) 1,660,377 (13,503) 285,461 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations (678,439) 1,761,126 428,432 301,221 ----------- ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,163,280 2,022,600 527,309 978,769 Transfers from other funding options 1,541,454 1,263,572 2,290,289 516,711 Contract charges (3,973) (3,467) (2,181) (1,862) Contract surrenders (908,661) (695,092) (290,955) (377,784) Transfers to other funding options (2,053,077) (757,178) (664,058) (221,516) Other receipts (payments) (102,326) (205,445) (69,625) (251,313) ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (363,303) 1,624,990 1,790,779 643,005 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets (1,041,742) 3,386,116 2,219,211 944,226 NET ASSETS: Beginning of period 14,539,499 11,153,383 5,109,650 4,165,424 ----------- ----------- ---------- ---------- End of period $13,497,757 $14,539,499 $7,328,861 $5,109,650 =========== =========== ========== ========== FTVIPT TEMPLETON FTVIPT DEVELOPING MARKETS SECURITIES TEMPLETON FOREIGN SECURITIES SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) ----------------------------- ---------------------------- 2007 2006 2007 2006 ----------- ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 43,650 $ (108,038) $ 13,645 $ (126,452) Net realized gains (losses) 2,269,169 371,607 1,794,862 228,189 Change in unrealized gains (losses) on investments 1,263,051 2,437,538 802,529 2,882,934 ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 3,575,870 2,701,107 2,611,036 2,984,671 ----------- ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 442,641 939,500 1,429,652 1,853,819 Transfers from other funding options 3,059,905 2,651,594 2,598,997 2,256,695 Contract charges (3,634) (3,231) (5,432) (4,816) Contract surrenders (507,018) (111,436) (789,319) (489,647) Transfers to other funding options (3,310,951) (2,179,631) (3,611,403) (1,773,034) Other receipts (payments) (64,028) (31,814) (181,480) (166,748) ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (383,085) 1,264,982 (558,985) 1,676,269 ----------- ----------- ----------- ----------- Net increase (decrease) in net assets 3,192,785 3,966,089 2,052,051 4,660,940 NET ASSETS: Beginning of period 14,369,790 10,403,701 19,734,442 15,073,502 ----------- ----------- ----------- ----------- End of period $17,562,575 $14,369,790 $21,786,493 $19,734,442 =========== =========== =========== ===========
The accompanying notes are an integral part of these financial statements. 67
JANUS ASPEN GLOBAL JANUS ASPEN GLOBAL JANUS ASPEN LIFE SCIENCES TECHNOLOGY WORLDWIDE GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (SERVICE SHARES) (SERVICE SHARES) ------------------ -------------------- ------------------ 2007 2006 2007 2006 2007 2006 -------- -------- ---------- -------- -------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (4,713) $ (4,846) $ (18,222) $(17,695) $ (3,605) $ (686) Net realized gains (losses) 14,564 5,662 19,478 13,782 9,782 1,761 Change in unrealized gains (losses) on investments 32,755 9,450 230,422 50,725 10,593 33,524 -------- -------- ---------- -------- -------- -------- Net increase (decrease) in net assets resulting from operations 42,606 10,266 231,678 46,812 16,770 34,599 -------- -------- ---------- -------- -------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 523 366 9,733 112,490 45,403 567 Transfers from other funding options 73,829 2,452 1,711,332 185,486 15,576 4,205 Contract charges (79) (119) (326) (341) (49) (56) Contract surrenders (23,019) (4,246) (25,888) (9,889) (35,099) (5,976) Transfers to other funding options (25,539) (1,423) (69,566) (91,786) (3,359) (1,573) Other receipts (payments) -- -- -- (10,012) -- -- -------- -------- ---------- -------- -------- -------- Net increase (decrease) in net assets resulting from contract transactions 25,715 (2,970) 1,625,285 185,948 22,472 (2,833) -------- -------- ---------- -------- -------- -------- Net increase (decrease) in net assets 68,321 7,296 1,856,963 232,760 39,242 31,766 NET ASSETS: Beginning of period 237,597 230,301 999,185 766,425 250,705 218,939 -------- -------- ---------- -------- -------- -------- End of period $305,918 $237,597 $2,856,148 $999,185 $289,947 $250,705 ======== ======== ========== ======== ======== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 68
LMPVET AGGRESSIVE GROWTH LMPVET AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS II) ------------------------ ------------------------ 2007 (b) 2006 2007 (b) 2006 ----------- ------- ---------- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (104,025) $-- $ (94,182) $-- Net realized gains (losses) 27,610 -- 29,503 -- Change in unrealized gains (losses) on investments (293,058) -- (287,503) -- ----------- --- ---------- --- Net increase (decrease) in net assets resulting from operations (369,473) -- (352,182) -- ----------- --- ---------- --- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 164,743 -- 456,837 -- Transfers from other funding options 8,687,153 -- 7,481,772 -- Contract charges (2,233) -- (2,232) -- Contract surrenders (193,847) -- (176,646) -- Transfers to other funding options (1,076,515) -- (447,656) -- Other receipts (payments) (5,512) -- (18,561) -- ----------- --- ---------- --- Net increase (decrease) in net assets resulting from contract transactions 7,573,789 -- 7,293,514 -- ----------- --- ---------- --- Net increase (decrease) in net assets 7,204,316 -- 6,941,332 -- NET ASSETS: Beginning of period -- -- -- -- ----------- --- ---------- --- End of period $ 7,204,316 $-- $6,941,332 $-- =========== === ========== === LMPVET APPRECIATION LMPVET EQUITY INDEX SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS II) ------------------- ------------------------ 2007 (b) 2006 2007 2006 ---------- ---- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (4,869) $-- $ (48,783) $ (75,050) Net realized gains (losses) 139,279 -- 894,449 338,399 Change in unrealized gains (losses) on investments (89,742) -- (450,289) 1,293,047 ---------- --- ----------- ----------- Net increase (decrease) in net assets resulting from operations 44,668 -- 395,377 1,556,396 ---------- --- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 2,322 -- 289,062 769,934 Transfers from other funding options 1,760,798 -- 484,729 684,964 Contract charges (414) -- (4,857) (5,339) Contract surrenders (14,402) -- (390,577) (274,607) Transfers to other funding options (135,282) -- (1,056,406) (1,127,877) Other receipts (payments) (12,067) -- (31,531) (104,436) ---------- --- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 1,600,955 -- (709,580) (57,361) ---------- --- ----------- ----------- Net increase (decrease) in net assets 1,645,623 -- (314,203) 1,499,035 NET ASSETS: Beginning of period -- -- 13,421,871 11,922,836 ---------- --- ----------- ----------- End of period $1,645,623 $-- $13,107,668 $13,421,871 ========== === =========== ===========
The accompanying notes are an integral part of these financial statements. 69
LMPVET FUNDAMENTAL VALUE LMPVET INVESTORS LMPVET LARGE CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (CLASS I) ------------------------ ---------------------- ----------------------- 2007 (b) 2006 2007 2006 2007 (b) 2006 ---------- ---- ---------- ---------- ---------- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (4,465) $ -- $ (22,690) $ (8,150) $ (32,767) $ -- Net realized gains (losses) 220,983 -- 126,649 113,805 2,557 -- Change in unrealized gains (losses) on investments (471,368) -- (40,968) 322,155 11,416 -- ---------- ---- ---------- ---------- ---------- ---- Net increase (decrease) in net assets resulting from operations (254,850) -- 62,991 427,810 (18,794) -- ---------- ---- ---------- ---------- ---------- ---- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 79,684 -- 35,796 237,656 12,532 -- Transfers from other funding options 4,976,878 -- 45,398 134,550 2,666,149 -- Contract charges (1,288) -- (916) (921) (985) -- Contract surrenders (123,772) -- (66,142) (54,063) (48,331) -- Transfers to other funding options (69,400) -- (89,608) (203,055) (170,943) -- Other receipts (payments) (17,122) -- -- -- -- -- ---------- ---- ---------- ---------- ---------- ---- Net increase (decrease) in net assets resulting from contract transactions 4,844,980 -- (75,472) 114,167 2,458,422 -- ---------- ---- ---------- ---------- ---------- ---- Net increase (decrease) in net assets 4,590,130 -- (12,481) 541,977 2,439,628 -- NET ASSETS: Beginning of period -- -- 3,092,100 2,550,123 -- -- ---------- ---- ---------- ---------- ---------- ---- End of period $4,590,130 $ -- $3,079,619 $3,092,100 $2,439,628 $ -- ========== ==== ========== ========== ========== ====
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 70
LMPVET SMALL CAP GROWTH LMPVPI ALL CAP LMPVPI ALL CAP SUBACCOUNT LMPVET SOCIAL AWARENESS SUBACCOUNT SUBACCOUNT (CLASS I) SUBACCOUNT (CLASS I) (CLASS II) ----------------------- ----------------------- ----------------------- ------------------- 2007 2006 2007 2006 2007 (a) 2006 2007 (a) 2006 ---------- ---------- ----------- --------- ----------- ---------- --------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (98,141) $ (95,035) $ (4,521) $ (11,381) $ (14,484) $ (22,406) $ (1,258) $ 317 Net realized gains (losses) 441,835 307,334 161,855 2,776 990,488 199,926 24,053 7,676 Change in unrealized gains (losses) on investments 42,975 251,001 (74,669) 56,600 (760,158) 449,181 (11,222) 9,801 ---------- ---------- ----------- --------- ----------- ---------- --------- -------- Net increase (decrease) in net assets resulting from operations 386,669 463,300 82,665 47,995 215,846 626,701 11,573 17,794 ---------- ---------- ----------- --------- ----------- ---------- --------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 80,158 243,120 1,876 57,870 11,997 146,402 20,948 183,253 Transfers from other funding options 135,820 527,588 17,118 61,974 20,317 80,010 109 2,208 Contract charges (1,701) (1,740) (458) (435) (4) (1,225) -- (18) Contract surrenders (245,060) (154,261) (3,546) (4,931) (25,835) (90,196) (914) (1,142) Transfers to other funding options (315,930) (607,551) (7,057) (15,852) (4,692,179) (144,839) (257,046) (256) Other receipts (payments) (44,926) (36,982) -- -- (74,586) -- -- -- ---------- ---------- ----------- --------- ----------- ---------- --------- -------- Net increase (decrease) in net assets resulting from contract transactions (391,639) (29,826) 7,933 98,626 (4,760,290) (9,848) (236,903) 184,045 ---------- ---------- ----------- --------- ----------- ---------- --------- -------- Net increase (decrease) in net assets (4,970) 433,474 90,598 146,621 (4,544,444) 616,853 (225,330) 201,839 NET ASSETS: Beginning of period 4,925,899 4,492,425 925,855 779,234 4,544,444 3,927,591 225,330 23,491 ---------- ---------- ----------- --------- ----------- ---------- --------- -------- End of period $4,920,929 $4,925,899 $ 1,016,453 $ 925,855 $ -- $4,544,444 $ -- $225,330 ========== ========== =========== ========= =========== ========== ========= ========
The accompanying notes are an integral part of these financial statements. 71
LMPVPII GROWTH AND INCOME LMPVPI LARGE CAP GROWTH LMPVPII AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (CLASS I) -------------------------- -------------------------- -------------------------- 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 ------------ ------------ ------------ ------------ ------------ ------------ INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (9,183) $ (23,196) $ (16,411) $ (49,824) $ (52,997) $ (163,818) Net realized gains (losses) 348,685 21,591 393,380 29,137 1,927,125 143,032 Change in unrealized gains (losses) on investments (267,009) 156,564 (271,145) 81,311 (1,587,920) 716,481 ----------- ---------- ----------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from operations 72,493 154,959 105,824 60,624 286,208 695,695 ----------- ---------- ----------- ---------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 21,393 29,453 36,032 133,332 69,005 773,934 Transfers from other funding options 3,948 67,774 14,217 149,840 187,437 339,982 Contract charges (5) (436) -- (1,019) (7) (2,690) Contract surrenders (9,348) (39,034) (41,194) (31,012) (73,333) (194,003) Transfers to other funding options (1,758,647) (26,288) (2,691,716) (354,249) (8,839,010) (737,160) Other receipts (payments) -- (6,526) (33,971) -- (91,762) (66,802) ----------- ---------- ----------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (1,742,659) 24,943 (2,716,632) (103,108) (8,747,670) 113,261 ----------- ---------- ----------- ---------- ----------- ---------- Net increase (decrease) in net assets (1,670,166) 179,902 (2,610,808) (42,484) (8,461,462) 808,956 NET ASSETS: Beginning of period 1,670,166 1,490,264 2,610,808 2,653,292 8,461,462 7,652,506 ----------- ---------- ----------- ---------- ----------- ---------- End of period $ -- $1,670,166 $ -- $2,610,808 $ -- $8,461,462 =========== ========== =========== ========== =========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 72
LMPVPII AGGRESSIVE GROWTH LMPVET CAPITAL AND INCOME SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) -------------------------- -------------------------- 2007 (a) 2006 2007 (b) 2006 ------------ ------------ ------------ ------------ INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (43,131) $ (120,910) $ (1,938) $-- Net realized gains (losses) 1,428,336 118,217 765,601 -- Change in unrealized gains (losses) on investments (1,154,276) 503,219 (770,491) -- ----------- ---------- ---------- --- Net increase (decrease) in net assets resulting from operations 230,929 500,526 (6,828) -- ----------- ---------- ---------- --- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 187,589 1,785,627 254,815 -- Transfers from other funding options 246,145 427,438 4,884,900 -- Contract charges (17) (1,954) (1,383) -- Contract surrenders (153,377) (277,122) (101,451) -- Transfers to other funding options (7,603,394) (502,030) (222,524) -- Other receipts (payments) (39,460) (12,664) (26,556) -- ----------- ---------- ---------- --- Net increase (decrease) in net assets resulting from contract transactions (7,362,514) 1,419,295 4,787,801 -- ----------- ---------- ---------- --- Net increase (decrease) in net assets (7,131,585) 1,919,821 4,780,973 -- NET ASSETS: Beginning of period 7,131,585 5,211,764 -- -- ----------- ---------- ---------- --- End of period $ -- $7,131,585 $4,780,973 $-- =========== ========== ========== === LMPVPI TOTAL RETURN LMPVIT ADJUSTABLE RATE INCOME SUBACCOUNT SUBACCOUNT (CLASS II) ----------------------------- ------------------------- 2007 2006 2007 (a) 2006 ------------ --------------- ------------ ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 64,288 $ 70,619 $ (1,113) $ 13,187 Net realized gains (losses) (1,954) 3,332 422,705 108,496 Change in unrealized gains (losses) on investments (72,946) (8,331) (299,259) 253,320 ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from operations (10,612) 65,620 122,333 375,003 ---------- ---------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,416 121,892 187,846 1,347,454 Transfers from other funding options 112,197 868,401 100,687 258,080 Contract charges (668) (777) (4) (1,163) Contract surrenders (127,793) (76,086) (132,480) (102,544) Transfers to other funding options (476,238) (893,533) (4,547,209) (90,927) Other receipts (payments) (15,802) (561,193) (25,986) (82,439) ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (506,888) (541,296) (4,417,146) 1,328,461 ---------- ---------- ----------- ---------- Net increase (decrease) in net assets (517,500) (475,676) (4,294,813) 1,703,464 NET ASSETS: Beginning of period 2,941,227 3,416,903 4,294,813 2,591,349 ---------- ---------- ----------- ---------- End of period $2,423,727 $2,941,227 $ -- $4,294,813 ========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 73
LORD ABBETT LORD ABBETT MIST BATTERYMARCH GROWTH AND INCOME MID-CAP VALUE MID-CAP STOCK SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS VC) (CLASS VC) (CLASS A) ------------------------- ------------------------- ---------------------- 2007 (a) 2006 2007 (a) 2006 2007 2006 (c) ------------ ----------- ------------ ----------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (96,432) $ (100,159) $ (84,052) $ (186,978) $ (87,638) $ (66,133) Net realized gains (losses) 2,133,663 527,878 2,182,490 1,090,747 672,887 (21,896) Change in unrealized gains (losses) on investments (1,472,754) 1,484,319 (801,611) 292,716 (362,707) (191,425) ------------ ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 564,477 1,912,038 1,296,827 1,196,485 222,542 (279,454) ------------ ----------- ------------ ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 90,915 578,596 48,049 445,233 81,108 19,891 Transfers from other funding options 97,809 1,074,212 155,235 765,592 262,383 5,764,668 Contract charges (14) (4,278) (8) (3,745) (1,336) (1,369) Contract surrenders (68,038) (240,488) (106,862) (386,799) (187,607) (60,583) Transfers to other funding options (15,670,309) (574,292) (14,405,873) (1,549,227) (331,657) (175,130) Other receipts (payments) (49,700) (82,956) (24,442) (76,270) (17,800) -- ------------ ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (15,599,337) 750,794 (14,333,901) (805,216) (194,909) 5,547,477 ------------ ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets (15,034,860) 2,662,832 (13,037,074) 391,269 27,633 5,268,023 NET ASSETS: Beginning of period 15,034,860 12,372,028 13,037,074 12,645,805 5,268,023 -- ------------ ----------- ------------ ----------- ---------- ---------- End of period $ -- $15,034,860 $ -- $13,037,074 $5,295,656 $5,268,023 ============ =========== ============ =========== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 74
MIST BLACKROCK HIGH YIELD MIST BLACKROCK LARGE-CAP CORE SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS E) ------------------------- ----------------------------- 2007 2006 (c) 2007 (b) 2006 ------------ ----------- ------------ --------------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 362,912 $ (66,719) $ (62,893) $-- Net realized gains (losses) (4,093) 5,441 15,733 -- Change in unrealized gains (losses) on investments (523,685) 316,030 38,779 -- ----------- ---------- ---------- --- Net increase (decrease) in net assets resulting from operations (164,866) 254,752 (8,381) -- ----------- ---------- ---------- --- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 87,026 55,615 8,627 -- Transfers from other funding options 8,090,752 5,238,239 5,176,381 -- Contract charges (3,753) (1,443) (950) -- Contract surrenders (407,005) (91,532) (123,211) -- Transfers to other funding options (1,143,630) (179,465) (800,688) -- Other receipts (payments) -- (9,637) -- -- ----------- ---------- ---------- --- Net increase (decrease) in net assets resulting from contract transactions 6,623,390 5,011,777 4,260,159 -- Net increase (decrease) in net assets 6,458,524 5,266,529 4,251,778 -- NET ASSETS: Beginning of period 5,266,529 -- -- -- ----------- ---------- ---------- --- End of period $11,725,053 $5,266,529 $4,251,778 $-- =========== ========== ========== === MIST BLACKROCK LARGE-CAP CORE MIST DREMAN SMALL-CAP VALUE SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) ----------------------------- --------------------------- 2007 (a) 2006 (c) 2007 2006 (c) ------------ --------------- ----------- -------------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 2,468 $ (63,236) $ (9,944) $ (1,264) Net realized gains (losses) 549,289 (7,192) 14,999 4,574 Change in unrealized gains (losses) on investments (323,399) 323,399 (23,082) 21,871 ----------- ---------- --------- --------- Net increase (decrease) in net assets resulting from operations 228,358 252,971 (18,027) 25,181 ----------- ---------- --------- --------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 9,418 37,948 1,480 4,113 Transfers from other funding options 16,864 4,904,678 431,456 476,434 Contract charges (4) (1,008) (129) (47) Contract surrenders (28,141) (28,802) (13,972) (3,486) Transfers to other funding options (5,107,379) (238,238) (273,000) (130,998) Other receipts (payments) (23,618) (23,047) -- -- ----------- ---------- --------- --------- Net increase (decrease) in net assets resulting from contract transactions (5,132,860) 4,651,531 145,835 346,016 Net increase (decrease) in net assets (4,904,502) 4,904,502 127,808 371,197 NET ASSETS: Beginning of period 4,904,502 -- 371,197 -- ----------- ---------- --------- --------- End of period $ -- $4,904,502 $ 499,005 $ 371,197 =========== ========== ========= =========
The accompanying notes are an integral part of these financial statements. 75
MIST HARRIS OAKMARK INTERNATIONAL MIST JANUS FORTY MIST LAZARD MID-CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) ----------------------- ----------------------- ------------------- 2007 2006 (c) 2007 2006 (c) 2007 (b) 2006 ----------- ---------- ----------- ---------- -------- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (76,379) $ (67,019) $ (157,751) $ (105,402) $ (6,119) $-- Net realized gains (losses) 694,855 (1,133) 1,475,324 (30,905) (1,201) -- Change in unrealized gains (losses) on investments (855,323) 626,947 957,135 302,770 (54,598) -- ----------- ---------- ----------- ---------- -------- --- Net increase (decrease) in net assets resulting from operations (236,847) 558,795 2,274,708 166,463 (61,918) -- ----------- ---------- ----------- ---------- -------- --- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 141,470 35,614 192,817 250,526 636 -- Transfers from other funding options 2,645,124 6,166,803 862,175 8,746,409 510,526 -- Contract charges (1,858) (1,545) (2,679) (2,875) (117) -- Contract surrenders (328,060) (103,008) (189,053) (142,853) (6,282) -- Transfers to other funding options (1,221,885) (375,036) (816,721) (708,739) (12,906) -- Other receipts (payments) (44,395) (14,979) (3,125) (16,498) -- -- ----------- ---------- ----------- ---------- -------- --- Net increase (decrease) in net assets resulting from contract transactions 1,190,396 5,707,849 43,414 8,125,970 491,857 -- ----------- ---------- ----------- ---------- -------- --- Net increase (decrease) in net assets 953,549 6,266,644 2,318,122 8,292,433 429,939 -- NET ASSETS: Beginning of period 6,266,644 -- 8,292,433 -- -- -- ----------- ---------- ----------- ---------- -------- --- End of period $ 7,220,193 $6,266,644 $10,610,555 $8,292,433 $429,939 $-- =========== ========== =========== ========== ======== ===
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 76
MIST LEGG MASON PARTNERS MIST LORD ABBETT MANAGED ASSETS BOND DEBENTURE SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) ------------------------ ---------------------- 2007 2006 (c) 2007 2006 (c) ---------- ---------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 18,593 $ (54,382) $ 149,659 $ (46,782) Net realized gains (losses) 377,258 953 54,405 2,671 Change in unrealized gains (losses) on investments (213,538) 270,959 (8,594) 212,983 ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 182,313 217,530 195,470 168,872 ---------- ---------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 79,059 50,315 21,154 23,661 Transfers from other funding options 63,859 4,337,962 715,209 4,200,812 Contract charges (1,290) (1,350) (762) (809) Contract surrenders (105,365) (93,707) (221,633) (135,709) Transfers to other funding options (80,450) (202,234) (735,471) (153,144) Other receipts (payments) (67,929) -- (22,734) (67,176) ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (112,116) 4,090,986 (244,237) 3,867,635 ---------- ---------- ---------- ---------- Net increase (decrease) in net assets 70,197 4,308,516 (48,767) 4,036,507 NET ASSETS: Beginning of period 4,308,516 -- 4,036,507 -- ---------- ---------- ---------- ---------- End of period $4,378,713 $4,308,516 $3,987,740 $4,036,507 ========== ========== ========== ========== MIST LORD ABBETT MIST LORD ABBETT GROWTH AND INCOME MID-CAP VALUE SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ------------------------ --------------------- 2007 2006 (c) 2007 2006 (c) ----------- ----------- ----------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (307,043) $ (169,137) $ (179,502) $ (663) Net realized gains (losses) 839,233 6,359 (33,352) 298 Change in unrealized gains (losses) on investments (502,781) 1,219,016 (1,251,102) 11,651 ----------- ----------- ----------- -------- Net increase (decrease) in net assets resulting from operations 29,409 1,056,238 (1,463,956) 11,286 ----------- ----------- ----------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 422,190 254,487 282,477 9,360 Transfers from other funding options 16,154,195 14,753,303 14,872,203 94,632 Contract charges (7,313) (3,557) (3,641) (14) Contract surrenders (914,445) (222,994) (380,700) (27) Transfers to other funding options (2,388,078) (427,718) (1,108,221) (8,536) Other receipts (payments) (131,414) (65,404) (27,436) -- ----------- ----------- ----------- -------- Net increase (decrease) in net assets resulting from contract transactions 13,135,135 14,288,117 13,634,682 95,415 ----------- ----------- ----------- -------- Net increase (decrease) in net assets 13,164,544 15,344,355 12,170,726 106,701 NET ASSETS: Beginning of period 15,344,355 -- 106,701 -- ----------- ----------- ----------- -------- End of period $28,508,899 $15,344,355 $12,277,427 $106,701 =========== =========== =========== ========
The accompanying notes are an integral part of these financial statements. 77
MIST MET/AIM MIST MET/AIM MIST MET/AIM CAPITAL APPRECIATION CAPITAL APPRECIATION SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS E) (CLASS A) ---------------------- -------------------- -------------------- 2007 2006 (c) 2007 (b) 2006 2007 2006 (c) ---------- ---------- ---------- -------- -------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (53,279) $ (30,846) $ (85,415) $-- $ (6,399) $ (1,853) Net realized gains (losses) (4,092) 326,069 10,334 -- 8,882 1,773 Change in unrealized gains (losses) on investments 324,540 (341,583) 254,599 -- 6,763 1,191 ---------- ---------- ---------- --- --------- -------- Net increase (decrease) in net assets resulting from operations 267,169 (46,360) 179,518 -- 9,246 1,111 ---------- ---------- ---------- --- --------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 24,862 80,148 357,872 -- 16,125 21,371 Transfers from other funding options 97,793 2,894,147 7,018,014 -- 424,491 171,589 Contract charges (828) (862) (2,145) -- (149) (47) Contract surrenders (87,925) (127,104) (153,563) -- (47,333) (124) Transfers to other funding options (141,717) (38,026) (607,457) -- (153,154) (3,738) Other receipts (payments) (22,750) -- (15,522) -- -- -- ---------- ---------- ---------- --- --------- -------- Net increase (decrease) in net assets resulting from contract transactions (130,565) 2,808,303 6,597,199 -- 239,980 189,051 ---------- ---------- ---------- --- --------- -------- Net increase (decrease) in net assets 136,604 2,761,943 6,776,717 -- 249,226 190,162 NET ASSETS: Beginning of period 2,761,943 -- -- -- 190,162 -- ---------- ---------- ---------- --- --------- -------- End of period $2,898,547 $2,761,943 $6,776,717 $-- $ 439,388 $190,162 ========== ========== ========== === ========= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 78
MIST MFS EMERGING MIST MFS RESEARCH MIST NEUBERGER BERMAN MARKETS EQUITY INTERNATIONAL MIST MFS VALUE REAL ESTATE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) (CLASS A) ----------------- ----------------- ---------------------- ------------------------- 2007 (b) 2006 2007 (b) 2006 2007 2006 (c) 2007 2006 (c) ---------- ----- ---------- ----- ---------- ---------- ----------- ------------ INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (70,691) $-- $ (14,724) $-- $ (174,151) $ 1,035 $ (128,956) $ (207,599) Net realized gains (losses) 108,210 -- 2,006 -- 272,309 336,978 1,687,251 110,595 Change in unrealized gains (losses) on investments 1,139,133 -- 65,605 -- 358,674 409,706 (4,223,659) 3,263,550 ---------- --- ---------- --- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 1,176,652 -- 52,887 -- 456,832 747,719 (2,665,364) 3,166,546 ---------- --- ---------- --- ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 153,442 -- 36,430 -- 198,113 203,620 304,935 373,442 Transfers from other funding options 5,634,569 -- 2,034,165 -- 1,889,901 7,707,291 1,886,078 15,945,212 Contract charges (972) -- (240) -- (2,274) (1,982) (4,986) (5,793) Contract surrenders (144,427) -- (20,060) -- (397,118) (280,806) (816,985) (396,766) Transfers to other funding options (797,616) -- (67,308) -- (970,813) (290,136) (3,572,093) (1,130,589) Other receipts (payments) (3,094) -- -- -- (43,967) -- (60,739) (45,594) ---------- --- ---------- --- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 4,841,902 -- 1,982,987 -- 673,842 7,337,987 (2,263,790) 14,739,912 ---------- --- ---------- --- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets 6,018,554 -- 2,035,874 -- 1,130,674 8,085,706 (4,929,154) 17,906,458 NET ASSETS: Beginning of period -- -- -- -- 8,085,706 -- 17,906,458 -- ---------- --- ---------- --- ---------- ---------- ----------- ----------- End of period $6,018,554 $-- $2,035,874 $-- $9,216,380 $8,085,706 $12,977,304 $17,906,458 ========== === ========== === ========== ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 79
MIST OPPENHEIMER MIST PIMCO INFLATION CAPITAL APPRECIATION PROTECTED BOND MIST PIONEER FUND SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) (CLASS A) ---------------------- -------------------- ---------------------- 2007 2006 (c) 2007 (b) 2006 2007 2006 (c) ---------- ---------- ----------- ---- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (116,761) $ (64,493) $ (150,694) $-- $ (13,786) $ (16,608) Net realized gains (losses) 432,496 (16,184) 24,102 -- 59,189 1,161 Change in unrealized gains (losses) on investments 335,584 167,915 810,364 -- 1,961 108,210 ---------- ---------- ----------- --- ---------- ---------- Net increase (decrease) in net assets resulting from operations 651,319 87,238 683,772 -- 47,364 92,763 ---------- ---------- ----------- --- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 488,980 712,505 45,265 -- 954 7,313 Transfers from other funding options 1,288,621 5,437,258 12,489,099 -- 109,093 1,298,290 Contract charges (1,868) (1,758) (3,187) -- (285) (285) Contract surrenders (294,736) (114,790) (363,615) -- (145,415) (18,744) Transfers to other funding options (867,024) (416,857) (861,169) -- (283,051) (11,965) Other receipts (payments) (72,172) (86,889) (13,282) -- -- -- ---------- ---------- ----------- --- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 541,801 5,529,469 11,293,111 -- (318,704) 1,274,609 ---------- ---------- ----------- --- ---------- ---------- Net increase (decrease) in net assets 1,193,120 5,616,707 11,976,883 -- (271,340) 1,367,372 NET ASSETS: Beginning of period 5,616,707 -- -- -- 1,367,372 -- ---------- ---------- ----------- --- ---------- ---------- End of period $6,809,827 $5,616,707 $11,976,883 $-- $1,096,032 $1,367,372 ========== ========== =========== === ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 80
MIST PIONEER MID-CAP VALUE MIST PIONEER STRATEGIC INCOME SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) -------------------------- ----------------------------- 2007 (a) 2006 (c) 2007 2006 (c) --------- -------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (912) $ (4,242) $ (115,724) $ 311,067 Net realized gains (losses) 70,390 6,556 23,086 8,461 Change in unrealized gains (losses) on investments (22,913) 22,913 511,935 (29,805) --------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 46,565 25,227 419,297 289,723 --------- -------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 4,944 25,261 61,431 73,463 Transfers from other funding options 3,524 460,166 1,049,246 9,487,051 Contract charges -- (111) (2,162) (2,307) Contract surrenders (440) (4,588) (321,785) (130,452) Transfers to other funding options (521,123) (4,333) (760,979) (450,839) Other receipts (payments) -- (35,092) (33,357) (81,419) --------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (513,095) 441,303 (7,606) 8,895,497 --------- -------- ---------- ---------- Net increase (decrease) in net assets (466,530) 466,530 411,691 9,185,220 NET ASSETS: Beginning of period 466,530 -- 9,185,220 -- --------- -------- ---------- ---------- End of period $ -- $466,530 $9,596,911 $9,185,220 ========= ======== ========== ========== MIST THIRD AVENUE MSF BLACKROCK SMALL CAP VALUE AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS D) ------------------------ ---------------------- 2007 2006 (c) 2007 2006 (c) ----------- ----------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (297,607) $ (99,480) $ (100,116) $ (60,848) Net realized gains (losses) 672,144 (2,289) 49,747 (9,735) Change in unrealized gains (losses) on investments (2,462,404) 373,765 926,137 (51,592) ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations (2,087,867) 271,996 875,768 (122,175) ----------- ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 442,010 146,388 93,087 40,666 Transfers from other funding options 16,622,982 12,096,576 551,620 5,191,371 Contract charges (8,108) (1,758) (1,397) (1,400) Contract surrenders (1,108,507) (244,609) (229,644) (101,681) Transfers to other funding options (2,530,412) (167,558) (324,716) (100,328) Other receipts (payments) (61,732) -- (33,630) (19,625) ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 13,356,233 11,829,039 55,320 5,009,003 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets 11,268,366 12,101,035 931,088 4,886,828 NET ASSETS: Beginning of period 12,101,035 -- 4,886,828 -- ----------- ----------- ---------- ---------- End of period $23,369,401 $12,101,035 $5,817,916 $4,886,828 =========== =========== ========== ==========
The accompanying notes are an integral part of these financial statements. 81
MSF BLACKROCK BOND INCOME MSF BLACKROCK MONEY MARKET MSF FI LARGE CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS A) ------------------------- ---------------------------- ---------------------- 2007 2006 (c) 2007 2006 (c) 2007 2006 (c) ---------- ---------- ------------ ------------ ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 107,100 $ (104,100) $ 835,049 $ 427,746 $ (86,260) $ (61,579) Net realized gains (losses) 40,283 8,614 -- -- 332,871 (12,487) Change in unrealized gains (losses) on investments 205,044 382,878 -- -- (148,568) 123,803 ---------- ---------- ------------ ------------ ---------- ---------- Net increase (decrease) in net assets resulting from operations 352,427 287,392 835,049 427,746 98,043 49,737 ---------- ---------- ------------ ------------ ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 56,851 280,480 4,632,317 5,472,436 72,653 38,880 Transfers from other funding options 724,406 8,297,101 30,971,588 29,303,741 78,907 5,006,130 Contract charges (2,792) (2,933) (7,170) (6,114) (1,377) (1,448) Contract surrenders (420,040) (128,907) (6,319,569) (1,082,926) (292,225) (81,878) Transfers to other funding options (365,389) (452,070) (18,346,813) (11,000,839) (226,509) (147,673) Other receipts (payments) (80,708) (94,947) (214,864) (127,971) (38,133) -- ---------- ---------- ------------ ------------ ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (87,672) 7,898,724 10,715,489 22,558,327 (406,684) 4,814,011 ---------- ---------- ------------ ------------ ---------- ---------- Net increase (decrease) in net assets 264,755 8,186,116 11,550,538 22,986,073 (308,641) 4,863,748 NET ASSETS: Beginning of period 8,186,116 -- 22,986,073 -- 4,863,748 -- ---------- ---------- ------------ ------------ ---------- ---------- End of period $8,450,871 $8,186,116 $ 34,536,611 $ 22,986,073 $4,555,107 $4,863,748 ========== ========== ============ ============ ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 82
MSF METLIFE AGGRESSIVE MSF FI VALUE LEADERS ALLOCATION SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS B) ------------------------ ----------------------- 2007 2006 (c) 2007 2006 (c) ----------- ----------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (129,129) $ (141,256) $ (40,949) $ (20,880) Net realized gains (losses) 1,048,151 (5,539) 24,075 (1,689) Change in unrealized gains (losses) on investments (661,337) 399,189 13,243 111,994 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 257,685 252,394 (3,631) 89,425 ----------- ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 320,866 180,953 57,981 50,481 Transfers from other funding options 351,739 11,075,041 575,785 1,661,481 Contract charges (3,281) (3,406) (1,079) (726) Contract surrenders (315,656) (208,579) (35,823) (40,728) Transfers to other funding options (608,769) (189,704) (201,104) (4,383) Other receipts (payments) (1,851) (30,376) -- (89,561) ----------- ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (256,952) 10,823,929 395,760 1,576,564 ----------- ----------- ---------- ---------- Net increase (decrease) in net assets 733 11,076,323 392,129 1,665,989 NET ASSETS: Beginning of period 11,076,323 -- 1,665,989 -- ----------- ----------- ---------- ---------- End of period $11,077,056 $11,076,323 $2,058,118 $1,665,989 =========== =========== ========== ========== MSF METLIFE CONSERVATIVE MSF METLIFE CONSERVATIVE ALLOCATION TO MODERATE ALLOCATION SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ------------------------ ------------------------ 2007 2006 (c) 2007 2006 (c) ---------- ---------- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (48,656) $ (33,674) $ (60,710) $ (22,538) Net realized gains (losses) 60,727 5,248 59,139 (50) Change in unrealized gains (losses) on investments 65,380 143,963 47,336 111,973 ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from operations 77,451 115,537 45,765 89,385 ---------- ---------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 5,576 17,222 267,277 71,199 Transfers from other funding options 897,600 2,611,576 3,107,057 1,878,219 Contract charges (393) (351) (1,036) (829) Contract surrenders (75,345) (44,508) (1,341,761) (11,382) Transfers to other funding options (800,265) (4,759) (76,792) (1,602) Other receipts (payments) -- -- -- (85,875) ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions 27,173 2,579,180 1,954,745 1,849,730 ---------- ---------- ----------- ---------- Net increase (decrease) in net assets 104,624 2,694,717 2,000,510 1,939,115 NET ASSETS: Beginning of period 2,694,717 -- 1,939,115 -- ---------- ---------- ----------- ---------- End of period $2,799,341 $2,694,717 $ 3,939,625 $1,939,115 ========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 83
MSF METLIFE MSF METLIFE MODERATE TO MODERATE ALLOCATION AGGRESSIVE ALLOCATION MSF MFS TOTAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------------ ----------------------- ---------------------- 2007 2006 (c) 2007 2006 (c) 2007 2006 (c) ----------- ----------- ----------- ---------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (253,906) $ (141,228) $ (145,100) $ (90,249) $ (8,799) $ (51,904) Net realized gains (losses) 144,105 (14,208) 308,978 (32,440) 181,287 5,810 Change in unrealized gains (losses) on investments 349,440 691,802 30,367 481,484 (106,545) 306,914 ----------- ----------- ----------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 239,639 536,366 194,245 358,795 65,943 260,820 ----------- ----------- ----------- ---------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 287,039 314,604 262,356 114,877 439,275 55,068 Transfers from other funding options 2,385,272 10,944,813 1,582,231 7,151,786 1,318,592 4,199,867 Contract charges (3,170) (2,456) (2,790) (2,017) (888) (881) Contract surrenders (434,510) (197,497) (215,285) (63,866) (198,893) (54,601) Transfers to other funding options (856,998) (295,564) (1,981,551) (474,430) (305,811) (260,197) Other receipts (payments) (98,739) (174,610) (250,147) -- (32,325) (1,847) ----------- ----------- ----------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 1,278,894 10,589,290 (605,186) 6,726,350 1,219,950 3,937,409 ----------- ----------- ----------- ---------- ---------- ---------- Net increase (decrease) in net assets 1,518,533 11,125,656 (410,941) 7,085,145 1,285,893 4,198,229 NET ASSETS: Beginning of period 11,125,656 -- 7,085,145 -- 4,198,229 -- ----------- ----------- ----------- ---------- ---------- ---------- End of period $12,644,189 $11,125,656 $ 6,674,204 $7,085,145 $5,484,122 $4,198,229 =========== =========== =========== ========== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 84
MSF OPPENHEIMER MSF MFS TOTAL RETURN GLOBAL EQUITY SUBACCOUNT SUBACCOUNT (CLASS F) (CLASS B) ------------------------ ------------------------ 2007 2006 (c) 2007 2006 (c) ----------- ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 7,732 $ (432,641) $ (357,805) $ (407,254) Net realized gains (losses) 1,410,637 42,006 1,126,445 (74,812) Change in unrealized gains (losses) on investments (670,943) 2,583,830 822,708 2,222,408 ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 747,426 2,193,195 1,591,348 1,740,342 ----------- ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 401,822 813,564 1,181,304 1,515,439 Transfers from other funding options 1,187,260 33,494,651 1,334,790 34,564,009 Contract charges (11,007) (11,377) (8,879) (8,617) Contract surrenders (1,123,813) (648,058) (1,161,257) (456,742) Transfers to other funding options (2,161,949) (1,274,183) (4,691,124) (2,117,664) Other receipts (payments) (141,822) (139,316) (86,026) (124,128) ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (1,849,509) 32,235,281 (3,431,192) 33,372,297 ----------- ----------- ----------- ----------- Net increase (decrease) in net assets (1,102,083) 34,428,476 (1,839,844) 35,112,639 NET ASSETS: Beginning of period 34,428,476 -- 35,112,639 -- ----------- ----------- ----------- ----------- End of period $33,326,393 $34,428,476 $33,272,795 $35,112,639 =========== =========== =========== =========== MSF WESTERN MSF T. ROWE PRICE ASSET MANAGEMENT LARGE CAP GROWTH HIGH YIELD BOND SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) ---------------------- ----------------------- 2007 2006 (c) 2007 (a) 2006 (c) ---------- ---------- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (44,612) $ (31,862) $ 712,108 $ (88,498) Net realized gains (losses) 50,343 6,115 58,857 13,376 Change in unrealized gains (losses) on investments 164,458 194,772 (497,478) 497,478 ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from operations 170,189 169,025 273,487 422,356 ---------- ---------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 11,586 1,362 39,841 95,216 Transfers from other funding options 246,254 2,626,077 398,977 7,409,746 Contract charges (392) (470) (14) (2,551) Contract surrenders (104,152) (51,035) (82,306) (152,565) Transfers to other funding options (115,830) (222,432) (7,937,563) (376,472) Other receipts (payments) -- -- (12,154) (75,998) ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions 37,466 2,353,502 (7,593,219) 6,897,376 ---------- ---------- ----------- ---------- Net increase (decrease) in net assets 207,655 2,522,527 (7,319,732) 7,319,732 NET ASSETS: Beginning of period 2,522,527 -- 7,319,732 -- ---------- ---------- ----------- ---------- End of period $2,730,182 $2,522,527 $ -- $7,319,732 ========== ========== =========== ==========
The accompanying notes are an integral part of these financial statements. 85
MSF WESTERN ASSET MANAGEMENT U.S. GOVERNMENT PIMCO VIT REAL RETURN PIMCO VIT TOTAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (ADMINISTRATIVE CLASS) (ADMINISTRATIVE CLASS) ---------------------------- ------------------------- ------------------------ 2007 2006 (c) 2007 (a) 2006 2007 2006 ---------- ---------- ---------- ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 63,106 $ (71,714) $ 103,446 $ 268,708 $ 749,690 $ 626,122 Net realized gains (losses) 50,596 13,736 (699,546) 260,253 (84,476) 88,236 Change in unrealized gains (losses) on investments 43,861 263,997 811,182 (664,975) 1,029,439 (233,164) ---------- ---------- ------------ ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 157,563 206,019 215,082 (136,014) 1,694,653 481,194 ---------- ---------- ------------ ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 46,661 81,080 77,317 598,422 187,484 1,148,037 Transfers from other funding options 637,378 6,731,173 442,120 1,386,466 2,340,729 2,943,855 Contract charges (1,916) (2,090) (8) (3,451) (7,943) (8,449) Contract surrenders (656,978) (161,437) (118,544) (408,641) (1,352,693) (691,486) Transfers to other funding options (564,902) (462,331) (11,870,289) (1,138,470) (1,913,024) (1,278,335) Other receipts (payments) (34,201) (47,333) (51,349) (46,014) (109,648) (128,581) ---------- ---------- ------------ ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (573,958) 6,139,062 (11,520,753) 388,312 (855,095) 1,985,041 ---------- ---------- ------------ ----------- ----------- ----------- Net increase (decrease) in net assets (416,395) 6,345,081 (11,305,671) 252,298 839,558 2,466,235 NET ASSETS: Beginning of period 6,345,081 -- 11,305,671 11,053,373 26,181,299 23,715,064 ---------- ---------- ------------ ----------- ----------- ----------- End of period $5,928,686 $6,345,081 $ -- $11,305,671 $27,020,857 $26,181,299 ========== ========== ============ =========== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 86
PIONEER AMERICA INCOME VCT PIONEER BOND VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) -------------------------- ---------------- 2007 (d) 2006 2007 (e) 2006 ------------ ----------- ---------- --- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 217,100 $ 185,865 $ 36,333 $-- Net realized gains (losses) (93,308) (52,093) 656 -- Change in unrealized gains (losses) on investments 208,007 (36,922) 68,283 -- ------------ ----------- ---------- --- Net increase (decrease) in net assets resulting from operations 331,799 96,850 105,272 -- ------------ ----------- ---------- --- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,049,954 1,642,968 15,428 -- Transfers from other funding options 2,722,121 1,479,627 9,833,238 -- Contract charges (3,064) (2,377) (2) -- Contract surrenders (313,196) (384,720) (75,833) -- Transfers to other funding options (12,254,438) (1,599,120) (151,884) -- Other receipts (payments) (122,403) (62,078) (19,543) -- ------------ ----------- ---------- --- Net increase (decrease) in net assets resulting from contract transactions (8,921,026) 1,074,300 9,601,404 -- ------------ ----------- ---------- --- Net increase (decrease) in net assets (8,589,227) 1,171,150 9,706,676 -- NET ASSETS: Beginning of period 8,589,227 7,418,077 -- -- ------------ ----------- ---------- --- End of period $ -- $ 8,589,227 $9,706,676 $-- ============ =========== ========== === PIONEER CULLEN VALUE VCT PIONEER EMERGING MARKETS VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ------------------------ ---------------------------- 2007 2006 2007 2006 ---------- ---------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (74,779) $ (52,887) $ (213,399) $ (128,755) Net realized gains (losses) 61,965 29,082 1,979,837 1,048,986 Change in unrealized gains (losses) on investments 291,114 492,415 2,768,304 1,449,386 ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 278,300 468,610 4,534,742 2,369,617 ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 2,005,898 3,035,083 1,267,341 2,921,001 Transfers from other funding options 1,115,947 865,061 2,696,282 971,810 Contract charges (1,868) (839) (4,327) (2,588) Contract surrenders (166,340) (56,912) (511,022) (367,906) Transfers to other funding options (306,752) (382,637) (2,046,340) (1,124,804) Other receipts (payments) (19,603) -- (132,244) (195,327) ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 2,627,282 3,459,756 1,269,690 2,202,186 ---------- ---------- ----------- ----------- Net increase (decrease) in net assets 2,905,582 3,928,366 5,804,432 4,571,803 NET ASSETS: Beginning of period 5,354,951 1,426,585 10,762,696 6,190,893 ---------- ---------- ----------- ----------- End of period $8,260,533 $5,354,951 $16,567,128 $10,762,696 ========== ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 87
PIONEER EQUITY INCOME VCT PIONEER EQUITY OPPORTUNITY VCT PIONEER FUND VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------- ------------------------------ ------------------------ 2007 2006 2007 (d) 2006 2007 2006 ----------- ----------- -------------- ------------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 66,094 $ 60,980 $ (9,820) $ (1,674) $ (99,274) $ (71,730) Net realized gains (losses) 679,488 282,110 93,595 717 239,790 115,066 Change in unrealized gains (losses) on investments (959,180) 1,444,717 (18,944) 17,843 121,440 1,106,155 ----------- ----------- ----------- -------- ----------- ----------- Net increase (decrease) in net assets resulting from operations (213,598) 1,787,807 64,831 16,886 261,956 1,149,491 ----------- ----------- ----------- -------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,846,017 2,232,730 122,645 156,477 870,201 1,315,960 Transfers from other funding options 1,360,837 1,726,685 740,576 9,867 6,880,162 687,754 Contract charges (3,996) (3,348) (373) (76) (3,079) (3,044) Contract surrenders (443,711) (424,128) (9,363) (729) (552,260) (562,938) Transfers to other funding options (1,771,616) (1,220,798) (1,114,099) (18,441) (819,925) (391,104) Other receipts (payments) (171,443) (115,242) -- -- (94,967) (99,763) ----------- ----------- ----------- -------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 816,088 2,195,899 (260,614) 147,098 6,280,132 946,865 ----------- ----------- ----------- -------- ----------- ----------- Net increase (decrease) in net assets 602,490 3,983,706 (195,783) 163,984 6,542,088 2,096,356 NET ASSETS: Beginning of period 11,862,483 7,878,777 195,783 31,799 10,008,672 7,912,316 ----------- ----------- ----------- -------- ----------- ----------- End of period $12,464,973 $11,862,483 $ -- $195,783 $16,550,760 $10,008,672 =========== =========== =========== ======== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 88
PIONEER GLOBAL HIGH YIELD VCT PIONEER HIGH YIELD VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ----------------------------- ------------------------ 2007 2006 2007 2006 ---------- ---------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 289,601 $ 89,795 $ 459,431 $ 421,635 Net realized gains (losses) 69,444 20,174 134,866 56,927 Change in unrealized gains (losses) on investments (395,188) 64,830 (54,625) 300,511 ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations (36,143) 174,799 539,672 779,073 ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,546,977 2,469,219 1,405,819 4,727,897 Transfers from other funding options 843,205 672,804 5,296,605 3,553,029 Contract charges (1,151) (332) (3,011) (3,291) Contract surrenders (287,550) (17,072) (910,047) (650,639) Transfers to other funding options (418,850) (478,191) (7,503,133) (3,239,433) Other receipts (payments) (10,101) -- (132,576) (173,699) ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 1,672,530 2,646,428 (1,846,343) 4,213,864 ---------- ---------- ----------- ----------- Net increase (decrease) in net assets 1,636,387 2,821,227 (1,306,671) 4,992,937 NET ASSETS: Beginning of period 3,517,328 696,101 14,826,051 9,833,114 ---------- ---------- ----------- ----------- End of period $5,153,715 $3,517,328 $13,519,380 $14,826,051 ========== ========== =========== =========== PIONEER IBBOTSON PIONEER IBBOTSON AGGRESSIVE ALLOCATION VCT GROWTH ALLOCATION VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ------------------------- ------------------------- 2007 2006 2007 2006 ---------- ---------- ------------ ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (32,614) $ (48,774) $ (1,121,019) $ (588,483) Net realized gains (losses) 186,759 34,007 1,983,391 115,909 Change in unrealized gains (losses) on investments (20,808) 368,587 1,225,391 4,205,295 ---------- ---------- ------------ ----------- Net increase (decrease) in net assets resulting from operations 133,337 353,820 2,087,763 3,732,721 ---------- ---------- ------------ ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,032,713 2,472,776 40,554,618 51,768,686 Transfers from other funding options 126,731 481,825 10,187,395 5,930,069 Contract charges (2,000) (884) (22,456) (4,469) Contract surrenders (84,960) (5,802) (2,618,825) (269,339) Transfers to other funding options (99,716) (48,506) (4,218,945) 1,043,771) Other receipts (payments) -- -- (152,397) -- ---------- ---------- ------------ ----------- Net increase (decrease) in net assets resulting from contract transactions 972,768 2,899,409 43,729,390 56,381,176 ---------- ---------- ------------ ----------- Net increase (decrease) in net assets 1,106,105 3,253,229 45,817,153 60,113,897 NET ASSETS: Beginning of period 4,419,580 1,166,351 64,824,560 4,710,663 ---------- ---------- ------------ ----------- End of period $5,525,685 $4,419,580 $110,641,713 $64,824,560 ========== ========== ============ ===========
The accompanying notes are an integral part of these financial statements. 89
PIONEER IBBOTSON MODERATE ALLOCATION VCT PIONEER INDEPENDENCE VCT PIONEER INTERNATIONAL VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------ ------------------------ ------------------------------- 2007 2006 2007 2006 2007 2006 ----------- ----------- ----------- ---------- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (545,028) $ (309,882) $ (42,182) $ (29,716) $ (79,991) $ (35,987) Net realized gains (losses) 907,494 138,418 48,691 13,876 273,517 34,026 Change in unrealized gains (losses) on investments 938,264 1,936,597 109,418 123,706 293,415 408,127 ----------- ----------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from operations 1,300,730 1,765,133 115,927 107,866 486,941 406,166 ----------- ----------- ---------- ---------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 16,344,061 20,180,703 408,137 254,028 781,990 806,241 Transfers from other funding options 6,252,221 11,778,814 253,259 160,737 1,704,020 1,946,212 Contract charges (11,848) (3,534) (495) (359) (1,295) (708) Contract surrenders (1,559,261) (273,742) (43,176) (35,217) (144,346) (40,013) Transfers to other funding options (3,344,298) (266,107) (209,850) (127,418) (1,369,579) (184,467) Other receipts (payments) (343,836) (154,507) (4,408) (5,296) (30,293) (20,998) ----------- ----------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions 17,337,039 31,261,627 403,467 246,475 940,497 2,506,267 ----------- ----------- ---------- ---------- ----------- ---------- Net increase (decrease) in net assets 18,637,769 33,026,760 519,394 354,341 1,427,438 2,912,433 NET ASSETS: Beginning of period 37,906,944 4,880,184 1,778,174 1,423,833 4,369,095 1,456,662 ----------- ----------- ---------- ---------- ----------- ---------- End of period $56,544,713 $37,906,944 $2,297,568 $1,778,174 $ 5,796,533 $4,369,095 =========== =========== ========== ========== =========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 90
PIONEER OAK RIDGE PIONEER MID CAP VALUE VCT LARGE CAP GROWTH VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ------------------------- ----------------------- 2007 2006 2007 2006 ----------- ----------- ---------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (148,543) $ (173,512) $ (105,686) $ (90,484) Net realized gains (losses) 1,070,147 2,358,984 179,119 106,805 Change in unrealized gains (losses) on investments (602,644) (1,250,420) 273,910 7,665 ----------- ----------- ---------- ----------- Net increase (decrease) in net assets resulting from operations 318,960 935,052 347,343 23,986 ----------- ----------- ---------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,096,706 2,298,225 464,225 794,697 Transfers from other funding options 1,874,593 824,473 924,404 1,464,124 Contract charges (3,542) (3,227) (1,509) (1,105) Contract surrenders (433,088) (488,687) (438,646) (117,599) Transfers to other funding options (1,793,419) (1,339,504) (917,663) (1,065,688) Other receipts (payments) (91,342) (18,426) (46,207) -- ----------- ----------- ---------- ----------- Net increase (decrease) in net assets resulting from contract transactions 649,908 1,272,854 (15,396) 1,074,429 ----------- ----------- ---------- ----------- Net increase (decrease) in net assets 968,868 2,207,906 331,947 1,098,415 NET ASSETS: Beginning of period 10,452,814 8,244,908 5,708,645 4,610,230 ----------- ----------- ---------- ----------- End of period $11,421,682 $10,452,814 $6,040,592 $ 5,708,645 =========== =========== ========== =========== PIONEER SMALL AND MID CAP PIONEER REAL ESTATE SHARES VCT GROWTH VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ------------------------------ ------------------------- 2007 2006 2007 (d) 2006 ----------- ----------- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 70,655 $ 49,318 $ (39,793) $ (36,284) Net realized gains (losses) 1,260,317 617,734 646,306 8,449 Change in unrealized gains (losses) on investments (3,590,805) 1,863,546 (250,221) 137,346 ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from operations (2,259,833) 2,530,598 356,292 109,511 ----------- ----------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,454,258 2,255,687 137,529 485,259 Transfers from other funding options 1,182,464 1,287,071 595,324 36,309 Contract charges (2,880) (2,793) (560) (392) Contract surrenders (486,564) (223,500) (75,764) (43,539) Transfers to other funding options (3,159,590) (1,170,566) (3,257,540) (50,278) Other receipts (payments) (61,386) (146,404) (16,626) -- ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (1,073,698) 1,999,495 (2,617,637) 427,359 ----------- ----------- ----------- ---------- Net increase (decrease) in net assets (3,333,531) 4,530,093 (2,261,345) 536,870 NET ASSETS: Beginning of period 11,118,216 6,588,123 2,261,345 1,724,475 ----------- ----------- ----------- ---------- End of period $ 7,784,685 $11,118,216 $ -- $2,261,345 =========== =========== =========== ==========
The accompanying notes are an integral part of these financial statements. 91
PIONEER SMALL CAP VALUE VCT PIONEER STRATEGIC INCOME VCT PIONEER VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) --------------------------- ---------------------------- ----------------------- 2007 2006 2007 2006 2007 (d) 2006 ----------- ---------- ----------- ----------- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (107,353) $ (114,713) $ 692,530 $ 576,131 $ 65,735 $ (94,591) Net realized gains (losses) 1,770,844 289,914 98,975 46,364 771,582 343,489 Change in unrealized gains (losses) on investments (2,363,206) 522,393 104,962 128,927 (839,576) 416,845 ----------- ---------- ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from operations (699,715) 697,594 896,467 751,422 (2,259) 665,743 ----------- ---------- ----------- ----------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 789,804 1,788,456 2,877,348 3,742,454 196,969 775,250 Transfers from other funding options 455,525 1,804,887 2,642,452 2,017,657 458,414 243,237 Contract charges (2,095) (1,703) (6,062) (5,418) (2,222) (2,146) Contract surrenders (462,460) (163,801) (1,203,399) (1,233,770) (243,576) (355,280) Transfers to other funding options (940,063) (931,256) (1,430,767) (1,161,335) (6,396,255) (189,772) Other receipts (payments) (42,858) (58,791) (801,236) (219,089) (82,850) (75,500) ----------- ---------- ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (202,147) 2,437,792 2,078,336 3,140,499 (6,069,520) 395,789 ----------- ---------- ----------- ----------- ----------- ---------- Net increase (decrease) in net assets (901,862) 3,135,386 2,974,803 3,891,921 (6,071,779) 1,061,532 NET ASSETS: Beginning of period 7,796,608 4,661,222 19,447,230 15,555,309 6,071,779 5,010,247 ----------- ---------- ----------- ----------- ----------- ---------- End of period $ 6,894,746 $7,796,608 $22,422,033 $19,447,230 $ -- $6,071,779 =========== ========== =========== =========== =========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period May 1, 2006 to December 31, 2006. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 92
PUTNAM VT INTERNATIONAL EQUITY PUTNAM VT SMALL CAP VALUE SUBACCOUNT SUBACCOUNT (CLASS IB) (CLASS IB) ------------------------------ ------------------------- 2007 (a) 2006 2007 (a) 2006 --------- -------- ------------ ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 16,024 $ (8,164) $ (7,937) $ (218,591) Net realized gains (losses) 282,070 26,433 2,725,377 1,449,694 Change in unrealized gains (losses) on investments (240,847) 134,511 (1,726,958) 739,196 --------- -------- ------------ ----------- Net increase (decrease) in net assets resulting from operations 57,247 152,780 990,482 1,970,299 --------- -------- ------------ ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 512 2,309 61,685 801,368 Transfers from other funding options 1,330 43,978 90,997 856,065 Contract charges -- (119) (18) (5,127) Contract surrenders (6,044) (24,754) (80,291) (370,314) Transfers to other funding options (776,602) (63,667) (16,048,838) (1,034,201) Other receipts (payments) -- -- -- (60,124) --------- -------- ------------ ----------- Net increase (decrease) in net assets resulting from contract transactions (780,804) (42,253) (15,976,465) 187,667 --------- -------- ------------ ----------- Net increase (decrease) in net assets (723,557) 110,527 (14,985,983) 2,157,966 NET ASSETS: Beginning of period 723,557 613,030 14,985,983 12,828,017 --------- -------- ------------ ----------- End of period $ -- $723,557 $ -- $14,985,983 ========= ======== ============ =========== VAN KAMPEN LIT COMSTOCK VAN KAMPEN LIT ENTERPRISE SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ------------------------ ------------------------- 2007 2006 2007 2006 ----------- ----------- -------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (52,709) $ (90,768) $ (3,160) $ (2,763) Net realized gains (losses) 569,162 888,734 2,861 911 Change in unrealized gains (losses) on investments (1,080,467) 970,506 18,831 9,908 ----------- ----------- -------- -------- Net increase (decrease) in net assets resulting from operations (564,014) 1,768,472 18,532 8,056 CONTRACT TRANSACTIONS: Purchase payments received from contract owners 606,814 695,369 636 636 Transfers from other funding options 565,970 511,715 3,577 4,844 Contract charges (3,381) (3,698) (16) (15) Contract surrenders (427,146) (424,238) (1,974) (1,920) Transfers to other funding options (1,989,405) (1,042,727) (5,610) (1,251) Other receipts (payments) (73,281) (95,450) -- -- ----------- ----------- -------- -------- Net increase (decrease) in net assets resulting from contract transactions (1,320,429) (359,029) (3,387) 2,294 ----------- ----------- -------- -------- Net increase (decrease) in net assets (1,884,443) 1,409,443 15,145 10,350 NET ASSETS: Beginning of period 14,495,677 13,086,234 174,717 164,367 ----------- ----------- -------- -------- End of period $12,611,234 $14,495,677 $189,862 $174,717 =========== =========== ======== ========
The accompanying notes are an integral part of these financial statements. 93 METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT NOTES TO THE FINANCIAL STATEMENTS 1. ORGANIZATION MetLife of CT Separate Account Eleven for Variable Annuities (the "Separate Account"), a separate account of MetLife Insurance Company of Connecticut (the "Company"), was established by the Company's Board of Directors on November 14, 2002 to support operations of the Company with respect to certain variable annuity contracts (the "Contracts"). The Company is a direct wholly-owned subsidiary of MetLife, Inc., a Delaware corporation. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and exists in accordance with the regulations of the Connecticut Department of Insurance. The Separate Account is divided into Subaccounts, each of which is treated as an individual accounting entity for financial reporting purposes. Each Subaccount invests in shares of the corresponding portfolio, series, or fund (with the same name) of registered investment management companies (the "Trusts") which are presented below: AIM Variable Insurance Funds ("AIM V.I.") The Alger American Fund ("Alger American") American Funds Insurance Series ("American Funds") Credit Suisse Trust Dreyfus Investment Portfolios ("Dreyfus") Dreyfus Socially Responsible Growth Fund, Inc. ("Dreyfus Socially Responsible") Dreyfus Variable Investment Fund ("Dreyfus VIF") DWS Investments VIT Funds ("DWS VIT") DWS Variable Series I ("DWS I") DWS Variable Series II ("DWS II") Fidelity Variable Insurance Products Fund ("Fidelity VIP") Franklin Templeton Variable Insurance Products Trust ("FTVIPT") Janus Aspen Series ("Janus Aspen") Legg Mason Partners Variable Equity Trust ("LMPVET") Legg Mason Partners Variable Income Trust ("LMPVIT") Met Investors Series Trust ("MIST") Metropolitan Series Fund, Inc. ("MSF") PIMCO Variable Insurance Trust ("PIMCO VIT") Pioneer Variable Contracts Trust ("Pioneer") Van Kampen Life Investment Trust ("Van Kampen LIT") The assets of the Separate Account are registered in the name of the Company. Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the Separate Account's assets applicable to the Contracts is not chargeable with liabilities arising out of any other business the Company may conduct. Purchase payments applied to the Separate Account are invested in one or more Subaccounts in accordance with the selection made by the contract owner. The following Subaccounts were available for investment as of December 31, 2007 (the share class indicated in parentheses is that of the portfolio, series, or fund in which the Subaccount invests): AIM V.I. Mid Cap Core Equity Subaccount (Series II) AIM V.I. Utilities Subaccount (Series I) Alger American Leveraged AllCap Subaccount (Class S) American Funds Global Growth Subaccount (Class 2) American Funds Growth-Income Subaccount (Class 2) American Funds Growth Subaccount (Class 2) Credit Suisse Trust Global Small Cap Subaccount Dreyfus MidCap Stock Subaccount (Service Shares) Dreyfus Socially Responsible Growth Subaccount (Service Shares) Dreyfus VIF Appreciation Subaccount (Initial Shares) Dreyfus VIF Developing Leaders Subaccount (Initial Shares) DWS VIT Equity 500 Index Subaccount (Class B) DWS VIT RREEF Real Estate Securities Subaccount (Class B) DWSI Global Opportunities Subaccount (Class B) DWSII Balanced Subaccount (Class B) DWSI Bond Subaccount (Class B) DWSI Capital Growth Subaccount (Class B) DWSI Growth & Income Subaccount (Class B) DWSI Health Care Subaccount (Class B) 94 1. ORGANIZATION DWSII International Subaccount (Class B) DWSII Strategic Income Subaccount (Class B) DWSII Blue Chip Subaccount (Class B) DWSII Conservative Allocation Subaccount (Class B) DWSII Core Fixed Income Subaccount (Class B) DWSII Davis Venture Value Subaccount (Class B) DWSII Dreman High Return Equity Subaccount (Class B) DWSII Dreman Small Mid Cap Value Subaccount (Class B) DWSII Global Thematic Subaccount (Class B) DWSII Government & Agency Securities Subaccount (Class B) DWSII Growth Allocation Subaccount (Class B) DWSII High Income Subaccount (Class B) DWSII International Select Equity Subaccount (Class B) DWSII Janus Growth & Income Subaccount (Class B) DWSII Large Cap Value Subaccount (Class B) DWSII Mid Cap Growth Subaccount (Class B) DWSII Moderate Allocation Subaccount (Class B) DWSII Money Market Subaccount (Class B) DWSII Small Cap Growth Subaccount (Class B) DWSII Technology Subaccount (Class B) DWSII Turner Mid Cap Growth Subaccount (Class B) Fidelity VIP Contrafund Subaccount (Service Class 2) Fidelity VIP Dynamic Capital Appreciation Subaccount (Service Class 2) Fidelity VIP Mid Cap Subaccount (Service Class 2) FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) FTVIPT Franklin Small Mid-Cap Growth Securities Subaccount (Class 2) FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) FTVIPT Templeton Foreign Securities Subaccount (Class 2) Janus Aspen Global Life Sciences Subaccount (Service Shares) Janus Aspen Global Technology Subaccount (Service Shares) Janus Aspen Worldwide Growth Subaccount (Service Shares) LMPVET Aggressive Growth Subaccount (Class I) LMPVET Aggressive Growth Subaccount (Class II) LMPVET Appreciation Subaccount (Class I) LMPVET Equity Index Subaccount (Class II) LMPVET Fundamental Value Subaccount (Class I) LMPVET Investors Subaccount (Class I) LMPVET Large Cap Growth Subaccount (Class I) LMPVET Small Cap Growth Subaccount (Class I) LMPVET Social Awareness Subaccount LMPVET Capital and Income Subaccount (Class II) LMPVIT Adjustable Rate Income Subaccount MIST Batterymarch Mid-Cap Stock Subaccount (Class A) MIST BlackRock High Yield Subaccount (Class A) MIST BlackRock Large-Cap Core Subaccount (Class E) MIST Dreman Small-Cap Value Subaccount (Class A) MIST Harris Oakmark International Subaccount (Class A) MIST Janus Forty Subaccount (Class A) MIST Lazard Mid-Cap Subaccount (Class B) 95 1. ORGANIZATION MIST Legg Mason Partners Managed Assets Subaccount (Class A) MIST Lord Abbett Bond Debenture Subaccount (Class A) MIST Lord Abbett Growth and Income Subaccount (Class B) MIST Lord Abbett Mid-Cap Value Subaccount (Class B) MIST Met/AIM Capital Appreciation Subaccount (Class A) MIST Met/AIM Capital Appreciation Subaccount (Class E) MIST Met/AIM Small Cap Growth Subaccount (Class A) MIST MFS Emerging Markets Equity Subaccount (Class A) MIST MFS Research International Subaccount (Class B) MIST MFS Value Subaccount (Class A) MIST Neuberger Berman Real Estate Subaccount (Class A) MIST Oppenheimer Capital Appreciation Subaccount (Class B) MIST PIMCO Inflation Protected Bond Subaccount (Class A) MIST Pioneer Fund Subaccount (Class A) MIST Pioneer Strategic Income Subaccount (Class A) MIST Third Avenue Small Cap Value Subaccount (Class B) MSF BlackRock Aggressive Growth Subaccount (Class D) MSF BlackRock Bond Income Subaccount (Class A) MSF BlackRock Money Market Subaccount (Class A) MSF FI Large Cap Subaccount (Class A) MSF FI Value Leaders Subaccount (Class D) MSF MetLife Aggressive Allocation Subaccount (Class B) MSF MetLife Conservative Allocation Subaccount (Class B) MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) MSF MetLife Moderate Allocation Subaccount (Class B) MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) MSF MFS Total Return Subaccount (Class B) MSF MFS Total Return Subaccount (Class F) MSF Oppenheimer Global Equity Subaccount (Class B) MSF T. Rowe Price Large Cap Growth Subaccount (Class B) MSF Western Asset Management U.S. Government Subaccount (Class A) PIMCO VIT Total Return Subaccount (Administrative Class) Pioneer Bond VCT Subaccount (Class II) Pioneer Cullen Value VCT Subaccount (Class II) Pioneer Emerging Markets VCT Subaccount (Class II) Pioneer Equity Income VCT Subaccount (Class II) Pioneer Fund VCT Subaccount (Class II) Pioneer Global High Yield VCT Subaccount (Class II) Pioneer High Yield VCT Subaccount (Class II) Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) Pioneer Independence VCT Subaccount (Class II) Pioneer International Value VCT Subaccount (Class II) Pioneer Mid Cap Value VCT Subaccount (Class II) Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) Pioneer Real Estate Shares VCT Subaccount (Class II) Pioneer Small Cap Value VCT Subaccount (Class II) Pioneer Strategic Income VCT Subaccount (Class II) Van Kampen LIT Comstock Subaccount (Class II) Van Kampen LIT Enterprise Subaccount (Class II) 96 1. ORGANIZATION The following Subaccounts ceased operations during the year ended December 31, 2007: AIM V.I. Capital Appreciation Subaccount Credit Suisse Trust Emerging Markets Subaccount LMPVPI All Cap Subaccount LMPVPII Growth and Income Subaccount LMPVPI Large Cap Growth Subaccount LMPVPII Aggressive Growth Subaccount LMPVPI Total Return Subaccount Lord Abbett Growth and Income Subaccount Lord Abbett Mid Cap Value Subaccount MIST Pioneer Mid-Cap Value Subaccount MSF Western Asset Management High Yield Bond Subaccount PIMCO VIT Real Return Subaccount Pioneer America Income VCT Subaccount Pioneer Equity Opportunity VCT Subaccount Pioneer Small and Mid Cap Growth VCT Subaccount Pioneer Value VCT Subaccount Putnam VT International Equity Subaccount Putnam VT Small Cap Value Subaccount The operations of the Subaccounts were affected by the following changes that occurred during the year ended December 31, 2007: NAME CHANGES:
OLD NAME NEW NAME -------- -------- Legg Mason Partners Variable Multiple Discipline Legg Mason Partners Variable Capital and Income Portfolio - Balanced All Cap Growth and Value Portfolio Legg Mason Partners Variable Social Awareness Stock Legg Mason Partners Variable Social Awareness Portfolio Portfolio Janus Capital Appreciation Portfolio Janus Forty Portfolio Pioneer Growth Shares VCT Portfolio Pioneer Independence VCT Portfolio
Mergers:
OLD NAME NEW NAME -------- -------- Legg Mason Partners Variable All Cap Portfolio Legg Mason Partners Variable Fundamental Value Portfolio Legg Mason Partners Variable Large Cap Growth Legg Mason Partners Variable III Large Cap Growth Portfolio I Portfolio Legg Mason Partners Variable Total Return Portfolio Legg Mason Partners Variable Multiple Discipline Portfolio - Balanced All Cap Growth and Value Legg Mason Partners Variable Aggressive Growth Legg Mason Partners Variable III Aggressive Growth Portfolio Portfolio II Legg Mason Partners Variable Growth and Income Legg Mason Partners Variable Appreciation Portfolio Portfolio Pioneer Mid-Cap Value Portfolio Lazard Mid-Cap Portfolio Western Asset Management High Yield Bond Portfolio BlackRock High Yield Portfolio Pioneer America Income VCT Portfolio Pioneer Bond Fund VCT Portfolio Pioneer Value VCT Portfolio Pioneer Fund VCT Portfolio
97 1. ORGANIZATION SUBSTITUTIONS:
OLD NAME NEW NAME -------- -------- AIM V.I. Capital Appreciation Fund Met/AIM Capital Appreciation Portfolio Credit Suisse Trust Emerging Markets Portfolio MFS Emerging Markets Equity Portfolio Lord Abbett Series Growth and Income Portfolio Lord Abbett Growth and Income Portfolio Lord Abbett Series Mid Cap Value Portfolio Lord Abbett Mid-Cap Value Portfolio PIMCO VIT Real Return Portfolio PIMCO Inflation Protected Bond Portfolio Putnam VT International Equity Fund MFS Research International Portfolio Putnam VT Small Cap Value Fund Third Avenue Small Cap Value Portfolio
PORTFOLIO SHARE CLASS EXCHANGE:
OLD PORTFOLIO NEW PORTFOLIOLIO ------------- ---------------- BlackRock Large-Cap Core Portfolio (ClassA) BlackRock Large-Cap Core Portfolio (ClassE)
LIQUIDATIONS: Pioneer Equity Opportunity VCT Portfolio Pioneer Small and Mid Cap Growth VCT Portfolio This report is prepared for the general information of contract owners and is not an offer of units of the Separate Account or shares of the Separate Account's underlying investments. It should not be used in connection with any offer except in conjunction with the prospectus for the Separate Account products offered by the Company and the prospectus of the underlying portfolio, series, or fund which collectively contain all the pertinent information, including additional information on charges and expenses. 2. SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for variable annuity separate accounts registered as unit investment trusts. VALUATION OF INVESTMENTS Investments are reported at fair value and are based on the net asset value per share as determined by the underlying assets of the portfolio, series, or fund of the Trusts, which value their investment securities at fair value. Changes in fair value are recorded in the statement of operations. SECURITY TRANSACTIONS Security transactions are recorded on a trade date basis. Realized gains and losses on the sales of investments are computed on the basis of the average cost of the investment sold. Income from dividends and realized gain distributions are recorded on the ex-distribution date. FEDERAL INCOME TAXES The operations of the Separate Account form a part of the total operations of the Company and are not taxed separately. The Company is taxed as a life insurance company under the provisions of the Internal Revenue Code ("IRC"). Under the current provisions of the IRC, the Company does not expect to incur federal income taxes on the earnings of the Separate Account to the extent the earnings are credited under the Contracts. Accordingly, no charge is being made currently to the Separate Account for federal income taxes. The Company will periodically review the status of this policy in the event of changes in the tax law. A charge may be made in future years for any federal income taxes that would be attributable to the Contracts. 98 2. SIGNIFICANT ACCOUNTING POLICIES ANNUITY PAYOUTS Net assets allocated to Contracts in the payout period are computed according to industry standard mortality tables. The assumed investment return is 3.0 percent. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company. PURCHASE PAYMENTS Purchase payments received from contract owners by the Company are credited as accumulation units as of the end of the valuation period in which received, as provided in the prospectus. NET TRANSFERS The contract owner has the opportunity to transfer funds between Subaccounts within the Separate Account or the fixed account, which is an investment option in the Company's general account. OTHER RECEIPTS (PAYMENTS) Included in "other receipts (payments)" in the statements of changes in net assets are primarily contract benefits which have been re-deposited with the Company and distributions for payouts. USE OF ESTIMATES The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported herein. Actual results could differ from these estimates. ADOPTION OF NEW ACCOUNTING PRONOUNCEMENT Effective January 1, 2007, the Company adopted Financial Accounting Standards Board ("FASB") Interpretation ("FIN") No. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES -- AN INTERPRETATION OF FASB STATEMENT NO. 109 ("FIN 48"). FIN 48 clarifies the accounting for uncertainty in income tax recognized in a company's financial statements. FIN 48 requires companies to determine whether it is "more likely than not" that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest and penalties. Previously recorded income tax benefits that no longer meet this standard are required to be charged to earnings in the period that such determination is made. The adoption of FIN 48 had no impact on the financial statements of the Separate Account. FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENT In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157, FAIR VALUE MEASUREMENTS ("SFAS 157"). SFAS 157 defines fair value, establishes a framework for measuring fair value under GAAP and requires enhanced disclosures about fair value measurements. SFAS 157 does not require additional fair value measurements. The pronouncement is effective for fiscal years beginning after November 15, 2007. The guidance in SFAS 157 will be applied prospectively with certain exceptions. The Company believes the adoption of SFAS 157 will have no material impact on the financial statements of the Separate Account. 3. EXPENSES AND RELATED PARTY TRANSACTIONS The following annual Separate Account charges are asset-based charges and assessed through a daily reduction in unit values which are recorded as expenses in the accompanying statement of operations: MORTALITY AND EXPENSE RISK -- The mortality risk assumed by the Company is the risk that those insured may die sooner than anticipated and therefore, the Company will pay an aggregate amount of death benefits greater than anticipated. The expense risk assumed is where expenses incurred in issuing and administering the Contracts will exceed the amounts realized from the administrative charges assessed against the Contracts. In addition, the charge compensates the Company for the risk that the investor may live longer than estimated and the Company would be obligated to pay more in income payments than anticipated. 99 3. EXPENSES AND RELATED PARTY TRANSACTIONS ADMINISTRATIVE -- The Company has responsibility for the administration of the Contracts and the Separate Account. Generally, the administrative charge is related to the maintenance, including distribution, of each contract and the Separate Account. ENHANCED STEPPED-UP PROVISION -- For an additional charge, the total death benefit payable may be increased based on the earnings in the Contracts. GUARANTEED MINIMUM WITHDRAWAL BENEFIT -- For an additional charge, the Company will guarantee the periodic return on the investment. GUARANTEED MINIMUM WITHDRAWAL BENEFIT FOR LIFE -- For an additional charge, the Company will guarantee payments for life after certain conditions are met. GUARANTEED MINIMUM ACCUMULATION BENEFIT -- For an additional charge, the Company will guarantee that the contract value will not be less than a guaranteed minimum amount at the end of a specified number of years. The table below represents the range of effective annual rates for each respective charge for the year ended December 31, 2007: Mortality and Expense Risk 1.40% - 1.75% Administrative 0.15% Enhanced Stepped-Up Provision 0.20% Guaranteed Minimum Withdrawal Benefit 0.25% - 1.00% Guaranteed Minimum Withdrawal Benefit for Life 0.65% - 0.80% Guaranteed Minimum Accumulation Benefit 0.40% - 0.50%
The above referenced charges may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designation of the charge or associated with a particular contract. A contract administrative charge of $40 is assessed on an annual basis for Contracts with a value of less than 100,000. In addition, most Contracts impose a surrender charge which ranges from 0% to 8% if the contract is partially or fully surrendered within the specified surrender charge period. These charges are assessed through the redemption of units and are recorded as contract charges in the accompanying statements of changes in net assets. Certain investments in various portfolios, series, or funds of the MIST and MSF Trusts hold shares which are managed by Met Investors Advisory, LLC and MetLife Advisers, LLC, respectively. Both act in the capacity of investment advisor and are affiliates of the Company. 100 4. STATEMENT OF INVESTMENTS
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ---------- ----------- ------------- -------------- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (Cost $2,626,796) 197,622 2,855,634 467,503 594,210 AIM V.I. Utilities Subaccount (Series I) (Cost $2,128,291) 113,909 2,730,393 728,933 720,635 AIM V.I. Capital Appreciation Subaccount (Series II) (Cost $0) (a) -- -- 231,957 6,425,274 Alger American Leveraged AllCap Subaccount (Class S) (Cost $2,990,625) 74,069 4,041,927 1,610,222 576,054 American Funds Global Growth Subaccount (Class 2) (Cost $18,067,887) 962,865 24,071,615 4,522,465 2,612,560 American Funds Growth-Income Subaccount (Class 2) (Cost $39,070,498) 1,064,559 44,988,255 3,457,747 6,024,548 American Funds Growth Subaccount (Class 2) (Cost $44,049,325) 836,160 55,788,573 6,060,868 7,735,621 Credit Suisse Trust Emerging Markets Subaccount (Cost $0) (a) -- -- 165,346 5,442,723 Credit Suisse Trust Global Small Cap Subaccount (Cost $580,848) 48,629 684,699 136,148 303,737 Dreyfus MidCap Stock Subaccount (Service Shares) (Cost $4,789,923) 286,972 4,433,720 1,015,116 1,237,105 Dreyfus Socially Responsible Growth Subaccount (Service Shares) (Cost $228,996) 9,248 279,745 20,403 57,361 Dreyfus VIF Appreciation Subaccount (Initial Shares) (Cost $1,922,532) 53,506 2,400,273 106,368 358,093 Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (Cost $8,884,396) 223,841 7,239,029 1,524,519 826,576 DWS VIT Equity 500 Index Subaccount (Class 2) (Cost $4,789,510) 355,350 5,511,473 1,243,933 1,031,954 DWS VIT RREEF Real Estate Securities Subaccount (Class B) (Cost $5,208,028) 318,968 5,103,483 1,818,012 1,214,310 DWSI Global Opportunities Subaccount (Class B) (Cost $2,941,602) 211,292 3,807,476 989,105 568,561 DWSII Balanced Subaccount (Class B) (Cost $3,280,266) 149,220 3,697,679 181,169 593,778 DWSI Bond Subaccount (Class B) (Cost $532,382) 75,643 526,477 878,154 492,974 DWSI Capital Growth Subaccount (Class B) (Cost $6,672,726) 391,147 7,944,200 908,322 1,858,212 DWSI Growth & Income Subaccount (Class B) (Cost $5,526,020) 568,434 6,122,033 321,486 1,080,938 DWSI Health Care Subaccount (Class B) (Cost $2,417,747) 200,915 2,893,172 475,780 403,291 DWSII International Subaccount (Class B) (Cost $4,327,000) 386,717 5,793,025 574,974 780,162 DWSII Strategic Income Subaccount (Class B) (Cost $4,592,431) 405,333 4,714,018 1,122,088 1,370,904 DWSII Blue Chip Subaccount (Class B) (Cost $5,667,329) 402,558 5,881,372 2,775,152 2,261,324 DWSII Conservative Allocation Subaccount (Class B) (Cost $10,263,791) 931,464 11,019,224 1,265,724 1,464,132 DWSII Core Fixed Income Subaccount (Class B) (Cost $6,677,188) 569,382 6,718,704 949,439 466,131 DWSII Davis Venture Value Subaccount (Class B) (Cost $8,208,141) 700,802 10,210,680 1,452,786 1,208,956 DWSII Dreman High Return Equity Subaccount (Class B) (Cost $16,039,123) 1,216,768 17,533,632 1,744,229 2,660,319
101 4. STATEMENT OF INVESTMENTS
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ---------- ----------- ------------- -------------- DWSII Dreman Small Mid Cap Value Subaccount (Class B) (Cost $7,763,884) 405,524 8,142,916 1,932,296 1,999,084 DWSII Global Thematic Subaccount (Class B) (Cost $4,341,506) 317,714 4,975,405 1,788,048 862,392 DWSII Government & Agency Securities Subaccount (Class B) (Cost $1,451,436) 121,168 1,496,424 3,100,004 3,200,409 DWSII Growth Allocation Subaccount (Class B) (Cost $15,715,899) 1,406,559 17,863,295 1,487,202 2,202,573 DWSII High Income Subaccount (Class B) (Cost $5,128,842) 632,238 4,937,779 1,227,439 1,570,138 DWSII International Select Equity Subaccount (Class B) (Cost $4,976,471) 380,793 6,359,240 2,145,265 995,267 DWSII Janus Growth & Income Subaccount (Class B) (Cost $1,748,020) 179,017 2,243,087 141,595 491,609 DWSII Large Cap Value Subaccount (Class B) (Cost $2,553,750) 165,542 3,178,408 536,009 449,316 DWSII Mid Cap Growth Subaccount (Class B) (Cost $813,775) 72,232 964,295 343,149 329,320 DWSII Moderate Allocation Subaccount (Class B) (Cost $15,434,855) 1,403,975 17,240,810 1,865,897 1,932,735 DWSII Money Market Subaccount (Class B) (Cost $4,766,123) 4,766,123 4,766,123 9,749,847 9,886,621 DWSII Small Cap Growth Subaccount (Class B) (Cost $2,701,690) 213,368 3,151,441 552,959 611,521 DWSII Technology Subaccount (Class B) (Cost $1,382,806) 146,537 1,543,034 604,442 363,475 DWSII Turner Mid Cap Growth Subaccount (Class B) (Cost $2,073,336) 210,927 2,585,960 584,890 435,391 Fidelity VIP Contrafund Subaccount (Service Class 2) (Cost $26,539,926) 945,780 25,971,107 8,852,706 2,351,914 Fidelity VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (Cost $1,312,397) 165,320 1,484,573 411,064 412,352 Fidelity VIP Mid Cap Subaccount (Service Class 2) (Cost $25,943,086) 860,831 30,671,393 4,397,684 3,103,392 FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (Cost $12,486,703) 700,565 13,499,890 2,477,706 2,554,446 FTVIPT Franklin Small Mid-Cap Growth Securities Subaccount (Class 2) (Cost $6,644,180) 319,947 7,329,984 3,108,901 1,032,722 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (Cost $11,804,957) 1,097,833 17,565,342 4,300,851 3,467,409 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (Cost $16,473,447) 1,076,048 21,789,963 4,067,504 3,640,258 Janus Aspen Global Life Sciences Subaccount (Service Shares) (Cost $227,373) 26,745 305,965 75,377 54,355 Janus Aspen Global Technology Subaccount (Service Shares) (Cost $2,476,060) 551,469 2,856,610 1,714,230 106,812 Janus Aspen Worldwide Growth Subaccount (Service Shares) (Cost $229,287) 8,278 289,994 62,248 43,361 LMPVET Aggressive Growth Subaccount (Class I) (Cost $7,498,545) (b) 441,783 7,205,488 8,796,560 1,284,149 LMPVET Aggressive Growth Subaccount (Class II) (Cost $7,229,950) (b) 426,178 6,942,448 7,869,060 628,817 LMPVET Appreciation Subaccount (Class I) (Cost $1,735,626) (b) 62,439 1,645,885 1,914,540 182,465
102 4. STATEMENT OF INVESTMENTS
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ---------- ----------- ------------- -------------- LMPVET Equity Index Subaccount (Class II) (Cost $11,493,278) 390,288 13,109,760 1,377,305 1,522,397 LMPVET Fundamental Value Subaccount (Class I) (Cost $5,062,224) (b) 211,658 4,590,855 5,316,619 251,193 LMPVET Investors Subaccount (Class I) (Cost $2,601,036) 186,448 3,080,115 194,714 209,190 LMPVET Large Cap Growth Subaccount (Class I) (Cost $2,428,610) (b) 146,990 2,440,026 2,671,822 245,769 LMPVET Small Cap Growth Subaccount (Class I) (Cost $4,395,761) 327,460 4,921,726 488,240 635,289 LMPVET Social Awareness Subaccount (Cost $974,341) 40,795 1,016,608 187,633 26,779 LMPVPI All Cap Subaccount (Class I) (Cost $0) (a) -- -- 271,447 4,816,249 LMPVPI All Cap Subaccount (Class II) (Cost $0) (a) -- -- 33,341 259,004 LMPVPII Growth and Income Subaccount (Class I) (Cost $0) (a) -- -- 95,849 1,777,473 LMPVPI Large Cap Growth Subaccount (Class I) (Cost $0) (a) -- -- 37,865 2,771,192 LMPVPII Aggressive Growth Subaccount (Class I) (Cost $0) (a) -- -- 187,654 8,967,989 LMPVPII Aggressive Growth Subaccount (Class II) (Cost $0) (a) -- -- 327,003 7,715,462 LMPVET Capital and Income Subaccount (Class II) (Cost $5,556,066) (b) 385,003 4,785,578 5,929,987 377,285 LMPVIT Adjustable Rate Income Subaccount (Cost $2,556,242) 254,367 2,424,118 202,749 645,273 LMPVPI Total Return Subaccount (Class II) (Cost $0) (a) -- -- 357,223 4,747,424 Lord Abbett Growth and Income Subaccount (Class VC) (Cost $0) (a) -- -- 104,826 15,802,246 Lord Abbett Mid-Cap Value Subaccount (Class VC) (Cost $0) (a) -- -- 51,049 14,470,403 MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (Cost $5,850,617) 293,272 5,296,486 990,766 579,530 MIST BlackRock High Yield Subaccount (Class A) (Cost $11,934,432) 1,423,152 11,726,776 8,494,567 1,507,108 MIST BlackRock Large-Cap Core Subaccount (Class E) (Cost $4,213,711) (b) 384,145 4,252,489 5,261,150 1,063,173 MIST BlackRock Large-Cap Core Subaccount (Class A) (Cost $0) (a) -- -- 366,888 5,201,278 MIST Dreman Small-Cap Value Subaccount (Class A) (Cost $500,293) 36,778 499,083 447,523 308,831 MIST Harris Oakmark International Subaccount (Class A) (Cost $7,449,747) 418,145 7,221,372 3,183,797 1,453,779 MIST Janus Forty Subaccount (Class A) (Cost $9,352,334) 126,623 10,612,239 2,360,774 1,023,928 MIST Lazard Mid-Cap Subaccount (Class B) (Cost $484,603) (b) 35,538 430,006 510,219 24,414 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (Cost $4,322,000) 255,211 4,379,421 601,925 327,365 MIST Lord Abbett Bond Debenture Subaccount (Class A) (Cost $3,783,995) 315,787 3,988,384 937,368 1,026,407 MIST Lord Abbett Growth and Income Subaccount (Class B) (Cost $27,796,760) 993,830 28,512,995 16,934,987 3,409,546
103 4. STATEMENT OF INVESTMENTS
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ---------- ----------- ------------- -------------- MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (Cost $13,518,861) 630,360 12,279,411 14,914,867 1,405,604 MIST Met/AIM Capital Appreciation Subaccount (Class A) (Cost $2,916,053) 239,984 2,899,011 123,272 299,901 MIST Met/AIM Capital Appreciation Subaccount (Class E) (Cost $6,523,175) (b) 570,040 6,777,774 7,227,851 715,009 MIST Met/AIM Small Cap Growth Subaccount (Class A) (Cost $431,505) 29,573 439,458 441,525 205,055 MIST MFS Emerging Markets Equity Subaccount (Class A) (Cost $4,880,371) (b) 418,602 6,019,504 5,738,288 966,128 MIST MFS Research International Subaccount (Class B) (Cost $1,970,586) (b) 142,192 2,036,191 2,042,873 74,293 MIST MFS Value Subaccount (Class A) (Cost $8,449,486) 612,890 9,217,868 1,951,003 1,283,386 MIST Neuberger Berman Real Estate Subaccount (Class A) (Cost $13,939,422) 921,826 12,979,313 2,874,787 3,877,052 MIST Oppenheimer Capital Appreciation Subaccount (Class B) (Cost $6,307,392) 690,760 6,810,890 1,867,621 1,070,737 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (Cost $11,168,410) (b) 1,092,954 11,978,775 12,280,476 1,136,168 MIST Pioneer Fund Subaccount (Class A) (Cost $986,031) 71,976 1,096,201 156,126 488,589 MIST Pioneer Mid-Cap Value Subaccount (Class A) (Cost $0) (a) -- -- 79,074 524,058 MIST Pioneer Strategic Income Subaccount (Class A) (Cost $9,116,299) 957,927 9,598,429 956,618 1,079,406 MIST Third Avenue Small Cap Value Subaccount (Class B) (Cost $25,461,732) 1,490,631 23,373,093 17,364,562 3,518,511 MSF BlackRock Aggressive Growth Subaccount (Class D) (Cost $4,944,278) 203,029 5,818,822 583,550 627,946 MSF BlackRock Bond Income Subaccount (Class A) (Cost $7,864,278) 75,662 8,452,200 883,451 863,688 MSF BlackRock Money Market Subaccount (Class A) (Cost $34,542,169) 345,420 34,542,169 28,574,018 17,020,448 MSF FI Large Cap Subaccount (Class A) (Cost $4,580,617) 310,767 4,555,852 450,542 619,244 MSF FI Value Leaders Subaccount (Class D) (Cost $11,340,999) 56,588 11,078,851 1,715,953 1,074,158 MSF MetLife Aggressive Allocation Subaccount (Class B) (Cost $1,933,243) 163,242 2,058,480 606,889 248,786 MSF MetLife Conservative Allocation Subaccount (Class B) (Cost $2,590,480) 251,783 2,799,822 902,008 921,992 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (Cost $3,780,946) 341,739 3,940,255 3,363,178 1,461,939 MSF MetLife Moderate Allocation Subaccount (Class B) (Cost $11,605,056) 1,057,383 12,646,298 2,534,493 1,489,802 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (Cost $6,163,439) 539,200 6,675,290 1,968,207 2,708,040 MSF MFS Total Return Subaccount (Class B) (Cost $5,284,670) 35,843 5,485,040 1,878,473 521,109 MSF MFS Total Return Subaccount (Class F) (Cost $31,418,813) 217,215 33,331,699 2,913,970 3,618,006 MSF Oppenheimer Global Equity Subaccount (Class B) (Cost $30,232,981) 1,908,148 33,278,095 2,326,141 5,586,653
104 4. STATEMENT OF INVESTMENTS
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ---------- ----------- ------------- -------------- MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (Cost $2,371,380) 166,501 2,730,610 265,855 250,141 MSF Western Asset Management High Yield Bond Subaccount (Class A) (Cost $0) (a) -- -- 1,134,308 7,953,467 MSF Western Asset Management U.S. Government Subaccount (Class A) (Cost $5,621,668) 474,742 5,929,526 771,086 1,281,688 PIMCO VIT Real Return Subaccount (Administrative Class) (Cost $0) (a) -- -- 555,292 11,973,789 PIMCO VIT Total Return Subaccount (Administrative Class) (Cost $26,818,099) 2,576,340 27,025,149 2,707,246 2,811,138 Pioneer America Income VCT Subaccount (Class II) (Cost $0) (c) -- -- 3,836,126 12,540,940 Pioneer Bond VCT Subaccount (Class II) (Cost $9,639,907) (d) 893,128 9,708,191 9,904,035 264,783 Pioneer Cullen Value VCT Subaccount (Class II) (Cost $7,434,146) 609,277 8,261,796 3,097,274 549,345 Pioneer Emerging Markets VCT Subaccount (Class II) (Cost $10,523,440) 382,496 16,569,716 4,344,911 1,922,275 Pioneer Equity Income VCT Subaccount (Class II) (Cost $11,508,088) 521,843 12,466,829 3,307,595 2,016,416 Pioneer Equity Opportunity VCT Subaccount (Class II) (Cost $0) (c) -- -- 921,575 1,107,836 Pioneer Fund VCT Subaccount (Class II) (Cost $14,608,360) 645,106 16,553,420 7,434,591 1,252,158 Pioneer Global High Yield VCT Subaccount (Class II) (Cost $5,482,688) 534,671 5,154,571 2,704,642 669,347 Pioneer High Yield VCT Subaccount (Class II) (Cost $13,622,025) 1,224,753 13,521,455 7,205,719 8,584,369 Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (Cost $5,125,520) 440,713 5,526,540 1,361,739 259,353 Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (Cost $105,046,041) 8,917,158 110,661,932 47,957,674 3,881,577 Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (Cost $53,544,719) 4,712,892 56,554,705 21,836,322 4,438,636 Pioneer Independence VCT Subaccount (Class II) (Cost $1,944,740) 148,638 2,297,936 639,208 277,745 Pioneer International Value VCT Subaccount (Class II) (Cost $4,861,347) 311,690 5,797,434 2,183,464 1,279,250 Pioneer Mid Cap Value VCT Subaccount (Class II) (Cost $12,771,072) 597,147 11,423,418 4,073,375 2,346,082 Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (Cost $5,330,785) 463,309 6,041,552 1,318,227 1,414,801 Pioneer Real Estate Shares VCT Subaccount (Class II) (Cost $8,686,228) 332,020 7,785,868 3,129,909 3,143,310 Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (Cost $0) (c) -- -- 1,302,303 3,360,499 Pioneer Small Cap Value VCT Subaccount (Class II) (Cost $8,166,182) 537,895 6,895,810 3,048,226 1,493,412 Pioneer Strategic Income VCT Subaccount (Class II) (Cost $22,496,042) 2,070,700 22,425,511 5,482,330 2,594,109 Pioneer Value VCT Subaccount (Class II) (Cost $0) (c) -- -- 1,177,973 6,745,637 Putnam VT International Equity Subaccount (Class IB) (Cost $0) (a) -- -- 108,666 785,626
105 4. STATEMENT OF INVESTMENTS
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ---------- ----------- ------------- -------------- Putnam VT Small Cap Value Subaccount (Class IB) (Cost $0) (a) -- -- 1,781,210 16,109,776 Van Kampen LIT Comstock Subaccount (Class II) (Cost $12,026,098) 914,004 12,613,255 1,468,063 2,527,773 Van Kampen LIT Enterprise Subaccount (Class II) (Cost $138,627) 10,870 189,891 4,344 10,881
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 106 5. FINANCIAL HIGHLIGHTS The following is a summary of unit values and units outstanding for the Contracts, net investment income ratios, and expense ratios, excluding expenses for the underlying portfolio, series, or fund for each of the five years in the period ended December 31, 2007.
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- AIM V.I. Mid Cap Core Equity 2007 1,764 1.280 - 1.728 2,855 0.05 1.55 - 2.60 6.40 - 7.60 Subaccount (Series II) 2006 1,823 1.203 - 1.606 2,776 0.73 1.55 - 2.60 3.21 - 9.25 2005 1,720 1.112 - 1.470 2,462 0.34 1.55 - 2.60 4.60 - 5.68 2004 1,071 1.067 - 1.391 1,478 0.05 1.55 - 2.50 0.40 - 11.82 2003 204 1.240 - 1.244 253 -- 1.55 - 2.10 2.73 - 10.78 AIM V.I. Utilities 2007 1,270 1.594 - 2.195 2,730 1.94 1.55 - 2.60 8.89 - 18.78 Subaccount (Series I) 2006 1,342 1.356 - 1.848 2,436 3.78 1.55 - 2.60 22.27 - 23.53 2005 1,223 1.109 - 1.496 1,802 3.16 1.55 - 2.60 (4.01) - 15.08 2004 525 1.201 - 1.300 677 1.03 1.55 - 2.45 15.48 - 21.44 2003 67 1.064 - 1.068 71 1.93 1.70 - 2.30 6.29 - 12.00 AIM V.I. Capital Appreciation 2007 -- 1.223 - 1.527 -- -- 1.55 - 2.60 6.16 - 6.63 Subaccount (Series II) (a) 2006 4,167 1.152 - 1.432 5,783 -- 1.55 - 2.60 3.41 - 4.45 2005 3,728 1.114 - 1.371 5,008 -- 1.55 - 2.60 5.79 - 15.98 2004 2,380 1.053 - 1.283 3,034 -- 1.55 - 2.60 (0.17) - 12.70 2003 76 1.221 - 1.225 93 -- 1.55 - 2.10 (0.16) - 8.99 Alger American Leveraged AllCap 2007 2,017 1.713 - 2.061 4,041 -- 1.55 - 2.65 (1.42) - 31.11 Subaccount (Class S) 2006 1,428 1.319 - 1.572 2,198 -- 1.55 - 2.55 11.13 - 17.14 2005 967 1.138 - 1.342 1,272 -- 1.55 - 2.55 7.67 - 18.75 2004 505 1.067 - 1.194 596 -- 1.55 - 2.45 2.25 - 6.13 2003 82 1.120 - 1.123 92 -- 1.70 - 2.10 (0.09) - 1.73 American Funds Global Growth 2007 11,775 1.622 - 2.221 24,068 2.73 1.55 - 2.60 11.86 - 13.09 Subaccount (Class 2) 2006 11,328 1.450 - 1.964 20,624 0.87 1.55 - 2.60 17.31 - 18.53 2005 9,664 1.236 - 1.657 15,033 0.67 1.55 - 2.60 11.15 - 13.63 2004 4,145 1.112 - 1.475 6,038 0.21 1.55 - 2.60 7.00 - 15.54 2003 126 1.313 - 1.320 166 0.01 1.55 - 2.30 5.55 - 20.27 American Funds Growth-Income 2007 28,911 1.260 - 1.670 44,981 1.47 1.55 - 2.60 2.36 - 3.47 Subaccount (Class 2) 2006 31,310 1.231 - 1.614 47,376 1.58 1.55 - 2.60 12.22 - 13.42 2005 29,868 1.097 - 1.423 40,223 1.66 1.55 - 2.60 1.72 - 4.17 2004 12,151 1.063 - 1.366 16,338 2.20 1.55 - 2.60 3.46 - 11.03 2003 296 1.249 - 1.257 371 2.55 1.55 - 2.50 6.26 - 15.31 American Funds Growth 2007 31,127 1.443 - 1.916 55,780 0.76 1.55 - 2.60 9.48 - 10.62 Subaccount (Class 2) 2006 33,890 1.318 - 1.732 55,144 0.80 1.55 - 2.60 7.33 - 8.52 2005 32,712 1.228 - 1.596 49,587 0.83 1.55 - 2.60 6.98 - 14.41 2004 13,782 1.084 - 1.395 19,011 0.39 1.55 - 2.60 7.86 - 17.62 2003 379 1.251 - 1.259 476 0.33 1.55 - 2.50 3.55 - 14.08 Credit Suisse Trust Emerging Markets 2007 -- 1.640 - 2.801 -- -- 1.55 - 2.65 4.39 - 4.79 Subaccount (a) 2006 2,017 1.570 - 2.673 5,065 0.55 1.55 - 2.65 29.03 - 30.45 2005 1,918 1.215 - 2.049 3,679 0.85 1.55 - 2.65 8.00 - 30.59 2004 614 1.163 - 1.626 949 0.39 1.55 - 2.50 11.80 - 23.60 2003 61 1.318 - 1.321 80 -- 1.70 - 2.10 4.27 - 7.05
107 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- Credit Suisse Trust Global Small Cap 2007 423 1.317 - 1.738 685 -- 1.55 - 2.65 (6.46) - (5.44) Subaccount 2006 504 1.408 - 1.838 883 -- 1.55 - 2.65 10.26 - 12.60 2005 447 1.277 - 1.649 697 -- 1.55 - 2.65 8.91 - 18.65 2004 295 1.131 - 1.442 417 -- 1.55 - 2.45 0.99 - 18.31 2003 11 1.237 - 1.240 13 -- 1.70 - 2.10 (0.16) - 6.26 Dreyfus MidCap Stock 2007 3,080 1.109 - 1.499 4,433 0.30 1.55 - 2.65 (1.29) - (0.20) Subaccount (Service Shares) 2006 3,562 1.122 - 1.502 5,177 0.17 1.55 - 2.65 4.91 - 6.00 2005 3,582 1.069 - 1.417 4,927 -- 1.55 - 2.65 (1.00) - 12.43 2004 2,376 1.114 - 1.321 3,082 0.38 1.55 - 2.65 4.18 - 19.40 2003 224 1.168 - 1.173 263 0.32 1.70 - 2.50 1.30 - 14.47 Dreyfus Socially Responsible Growth 2007 213 1.165 - 1.360 280 0.27 1.55 - 2.65 4.67 - 5.84 Subaccount (Service Shares) 2006 239 1.113 - 1.285 297 -- 1.55 - 2.65 6.10 - 7.35 2005 244 1.049 - 1.197 283 0.22 1.55 - 2.65 1.20 - 6.78 2004 66 1.167 - 1.174 77 0.12 1.70 - 2.10 2.01 - 4.17 2003 64 1.125 - 1.127 72 -- 1.70 - 1.95 2.83 - 6.12 Dreyfus VIF Appreciation 2007 1,683 1.239 - 1.506 2,400 1.56 1.55 - 2.50 4.50 - 5.46 Subaccount (Initial Shares) 2006 1,850 1.185 - 1.428 2,519 1.56 1.55 - 2.50 13.59 - 14.70 2005 1,820 1.042 - 1.245 2,177 0.01 1.55 - 2.50 1.76 - 2.72 2004 874 1.022 - 1.212 1,048 3.31 1.55 - 2.50 2.02 - 5.46 2003 123 1.167 - 1.170 144 1.57 1.70 - 2.15 4.93 - 10.30 Dreyfus VIF Developing Leaders 2007 5,952 0.986 - 1.313 7,238 0.75 1.55 - 2.60 (13.36) - (12.41) Subaccount (Initial Shares) 2006 6,138 1.138 - 1.499 8,580 0.40 1.55 - 2.60 1.07 - 2.18 2005 5,911 1.126 - 1.467 8,236 -- 1.55 - 2.60 2.35 - 4.19 2004 2,867 1.093 - 1.408 3,977 0.44 1.55 - 2.50 7.85 - 16.61 2003 98 1.276 - 1.285 125 0.04 1.55 - 2.50 (0.47) - 14.12 DWS VIT Equity 500 Index 2007 4,714 1.155 - 1.179 5,511 1.14 1.55 - 2.45 2.30 - 3.24 Subaccount (Class 2) 2006 4,482 1.129 - 1.142 5,093 0.80 1.55 - 2.45 3.57 - 13.41 2005 4,582 1.004 - 1.007 4,608 -- 1.55 - 2.45 0.40 - 0.70 DWS VIT RREEF Real Estate Securities 2007 2,881 1.426 - 1.830 5,103 0.86 1.55 - 2.65 (18.51) - (17.64) Subaccount (Class B) 2006 2,994 1.750 - 2.222 6,472 -- 1.55 - 2.65 33.49 - 34.99 2005 3,081 1.311 - 1.646 4,952 2.59 1.55 - 2.65 (1.69) - 17.37 2004 2,085 1.211 - 1.501 3,104 0.29 1.55 - 2.50 1.92 - 35.53 2003 217 1.163 - 1.165 252 -- 1.70 - 2.10 9.91 - 13.67 DWSI Global Opportunities 2007 1,780 1.722 - 2.278 3,807 1.00 1.55 - 2.65 6.08 - 7.25 Subaccount (Class B) 2006 1,696 1.619 - 2.124 3,375 0.93 1.55 - 2.50 18.87 - 20.00 2005 1,726 1.361 - 1.770 2,877 0.33 1.55 - 2.50 3.71 - 16.22 2004 826 1.195 - 1.523 1,225 -- 1.55 - 2.50 2.72 - 20.75 2003 63 1.252 - 1.253 79 -- 1.95 - 2.10 7.19 - 11.79 DWSII Balanced 2007 2,997 1.143 - 1.269 3,697 2.97 1.55 - 2.50 1.84 - 2.75 Subaccount (Class B) 2006 3,359 1.122 - 1.235 4,050 2.19 1.55 - 2.50 5.97 - 8.14 2005 3,989 1.047 - 1.142 4,471 1.82 1.55 - 2.50 0.48 - 4.74 2004 2,374 1.032 - 1.116 2,622 0.47 1.55 - 2.50 2.23 - 5.55 2003 40 1.062 - 1.065 43 -- 1.70 - 2.10 0.09 - 5.14
108 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- DWSI Bond 2007 508 1.024 - 1.047 526 6.28 1.55 - 2.40 0.39 - 2.25 Subaccount (Class B) 2006 164 1.011 - 1.024 167 3.60 1.55 - 2.40 1.81 - 2.71 2005 52 0.993 - 0.997 51 -- 1.55 - 2.40 (1.00) - 0.91 DWSI Capital Growth 2007 5,507 1.228 - 1.488 7,943 0.26 1.55 - 2.65 (1.15) - 10.47 Subaccount (Class B) 2006 6,117 1.123 - 1.347 8,019 0.20 1.55 - 2.65 (0.46) - 6.48 2005 3,509 1.100 - 1.265 4,338 0.22 1.55 - 2.65 3.48 - 11.97 2004 792 1.055 - 1.184 929 0.08 1.55 - 2.45 3.27 - 5.73 2003 66 1.114 - 1.117 74 -- 1.70 - 2.10 2.76 - 10.19 DWSI Growth & Income 2007 4,547 1.124 - 1.411 6,121 0.87 1.55 - 2.65 (1.71) - (0.56) Subaccount (Class B) 2006 5,105 1.142 - 1.419 6,944 0.56 1.55 - 2.65 0.83 - 11.56 2005 3,621 1.106 - 1.272 4,463 0.86 1.55 - 2.65 3.07 - 9.45 2004 2,537 1.080 - 1.222 3,053 0.16 1.55 - 2.50 1.60 - 10.43 2003 102 1.127 - 1.129 115 -- 1.70 - 2.10 4.83 - 9.41 DWSI Health Care 2007 2,035 1.222 - 1.490 2,893 -- 1.55 - 2.65 9.88 - 11.11 Subaccount (Class B) 2006 2,070 1.110 - 1.341 2,653 -- 1.55 - 2.65 1.37 - 4.20 2005 2,153 1.077 - 1.287 2,657 -- 1.55 - 2.65 0.00 - 8.95 2004 1,239 1.037 - 1.210 1,477 -- 1.55 - 2.65 (1.95) - 7.57 2003 101 1.122 - 1.123 113 -- 1.95 - 2.10 7.06 - 7.57 DWSII International 2007 2,826 1.739 - 2.151 5,792 1.99 1.55 - 2.65 11.26 - 12.50 Subaccount (Class B) 2006 2,931 1.563 - 1.912 5,373 1.60 1.55 - 2.65 2.54 - 23.51 2005 1,833 1.280 - 1.548 2,772 1.25 1.55 - 2.65 3.79 - 17.79 2004 1,332 1.137 - 1.359 1,788 0.37 1.55 - 2.50 3.22 - 15.28 2003 53 1.184 - 1.185 62 -- 1.90 - 2.10 9.33 - 15.61 DWSII Strategic Income 2007 4,106 1.120 - 1.207 4,713 5.81 1.55 - 2.65 2.25 - 3.45 Subaccount (Class B) 2006 4,484 1.093 - 1.173 5,005 4.22 1.55 - 2.65 5.92 - 7.10 2005 4,407 1.031 - 1.100 4,617 6.60 1.55 - 2.65 (1.00) - 0.83 2004 2,492 1.037 - 1.058 2,605 -- 1.55 - 2.65 1.65 - 10.64 2003 268 0.983 - 0.985 263 -- 1.95 - 2.30 2.50 - 3.69 DWSII Blue Chip 2007 3,729 1.326 - 1.639 5,880 0.68 1.55 - 2.65 0.45 - 1.55 Subaccount (Class B) 2006 3,736 1.316 - 1.614 5,850 0.47 1.55 - 2.65 12.15 - 13.42 2005 3,865 1.171 - 1.423 5,358 0.49 1.55 - 2.65 4.28 - 8.38 2004 2,316 1.109 - 1.318 3,006 0.04 1.55 - 2.65 1.56 - 14.41 2003 113 1.155 - 1.156 131 -- 1.90 - 2.10 5.19 - 15.48 DWSII Conservative Allocation 2007 9,308 1.099 - 1.203 11,017 1.99 1.55 - 2.55 2.04 - 3.08 Subaccount (Class B) 2006 9,737 1.077 - 1.167 11,228 1.02 1.55 - 2.55 6.11 - 7.16 2005 6,416 1.015 - 1.089 6,925 -- 1.55 - 2.55 1.12 - 3.35 2004 2,298 1.056 - 1.060 2,431 -- 1.55 - 2.45 1.54 - 4.75 DWSII Core Fixed Income 2007 6,432 1.007 - 1.077 6,718 3.83 1.55 - 2.65 0.30 - 2.11 Subaccount (Class B) 2006 6,082 0.997 - 1.060 6,243 3.26 1.55 - 2.65 1.22 - 2.36 2005 6,450 0.985 - 1.041 6,499 3.03 1.55 - 2.65 (1.70) - 0.78 2004 5,115 0.993 - 1.015 5,159 0.48 1.55 - 2.65 0.20 - 3.86 2003 189 0.986 - 0.990 186 -- 1.70 - 2.30 1.12 - 3.02
109 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- DWSII Davis Venture Value 2007 6,710 1.281 - 1.581 10,209 0.32 1.55 - 2.65 1.43 - 2.53 Subaccount (Class B) 2006 6,525 1.263 - 1.542 9,723 0.26 1.55 - 2.65 11.38 - 12.64 2005 6,219 1.134 - 1.369 8,265 0.34 1.55 - 2.65 2.89 - 8.00 2004 4,121 1.068 - 1.273 5,180 0.01 1.55 - 2.50 1.94 - 9.48 2003 185 1.156 - 1.160 214 -- 1.70 - 2.30 5.65 - 16.06 DWSII Dreman High Return Equity 2007 11,712 1.138 - 1.547 17,531 1.06 1.55 - 2.65 (4.77) - (3.67) Subaccount (Class B) 2006 12,289 1.194 - 1.606 19,166 1.21 1.55 - 2.65 15.11 - 16.40 2005 8,634 1.036 - 1.380 11,585 1.11 1.55 - 2.65 1.07 - 6.28 2004 4,520 1.113 - 1.304 5,841 0.28 1.55 - 2.65 3.20 - 14.51 2003 182 1.159 - 1.164 212 -- 1.70 - 2.50 5.63 - 19.06 DWSII Dreman Small Mid Cap Value 2007 4,202 1.306 - 2.067 8,142 0.59 1.55 - 2.65 (0.07) - 1.13 Subaccount (Class B) 2006 4,783 1.305 - 2.044 9,263 0.38 1.55 - 2.65 21.35 - 22.62 2005 4,743 1.075 - 1.667 7,470 0.30 1.55 - 2.65 (0.87) - 9.34 2004 2,539 1.165 - 1.542 3,800 0.17 1.55 - 2.65 2.35 - 23.90 2003 201 1.244 - 1.246 250 -- 1.70 - 2.10 9.60 - 20.66 DWSII Global Thematic 2007 2,430 1.540 - 2.137 4,975 0.24 1.55 - 2.60 3.15 - 4.24 Subaccount (Class B) 2006 2,262 1.493 - 2.050 4,473 0.18 1.55 - 2.60 11.58 - 27.65 2005 1,912 1.343 - 1.606 2,960 -- 1.55 - 2.60 10.48 - 21.70 2004 1,176 1.123 - 1.332 1,532 0.44 1.55 - 2.50 2.72 - 18.68 2003 109 1.179 - 1.180 128 -- 1.95 - 2.10 7.08 - 8.16 DWSII Government & Agency Securities 2007 1,408 1.032 - 1.089 1,496 4.15 1.55 - 2.65 2.69 - 3.93 Subaccount (Class B) 2006 1,537 1.005 - 1.054 1,581 3.22 1.55 - 2.65 1.11 - 2.15 2005 1,466 0.994 - 1.037 1,481 3.53 1.55 - 2.65 (0.40) - 0.98 2004 1,224 0.998 - 1.015 1,234 0.84 1.55 - 2.65 (0.20) - 2.54 2003 182 0.995 181 -- 1.95 - 2.10 (0.30) - 2.05 DWSII Growth Allocation 2007 13,744 1.171 - 1.320 17,860 1.96 1.55 - 2.55 2.90 - 3.94 Subaccount (Class B) 2006 15,021 1.138 - 1.270 18,857 0.79 1.55 - 2.55 9.85 - 10.92 2005 15,355 1.036 - 1.145 17,467 -- 1.55 - 2.55 (0.09) - 8.13 2004 4,429 1.094 - 1.097 4,852 -- 1.55 - 2.30 0.64 - 7.78 DWSII High Income 2007 3,876 1.048 - 1.319 4,937 7.46 1.55 - 2.65 (2.14) - (1.05) Subaccount (Class B) 2006 4,372 1.070 - 1.333 5,671 7.05 1.55 - 2.65 7.25 - 8.46 2005 4,575 0.997 - 1.229 5,497 8.44 1.55 - 2.65 0.17 - 2.47 2004 2,742 1.082 - 1.207 3,274 1.96 1.55 - 2.65 1.01 - 10.25 2003 186 1.088 - 1.093 202 -- 1.70 - 2.50 4.50 - 10.86 DWSII International Select Equity 2007 2,994 1.545 - 2.224 6,358 2.15 1.55 - 2.65 13.14 - 14.40 Subaccount (Class B) 2006 2,721 1.364 - 1.944 5,021 1.61 1.55 - 2.65 21.80 - 23.12 2005 2,731 1.119 - 1.579 4,097 2.29 1.55 - 2.65 2.68 - 15.80 2004 1,580 1.150 - 1.407 2,192 0.11 1.55 - 2.50 2.88 - 22.00 2003 68 1.206 - 1.210 82 -- 1.95 - 2.50 6.35 - 20.40 DWSII Janus Growth & Income 2007 1,543 1.193 - 1.501 2,243 0.21 1.55 - 2.65 3.42 - 4.60 Subaccount (Class B) 2006 1,762 1.152 - 1.435 2,458 0.24 1.55 - 2.65 2.89 - 6.30 2005 1,755 1.095 - 1.350 2,314 -- 1.55 - 2.65 4.16 - 10.02 2004 1,146 1.099 - 1.227 1,383 -- 1.55 - 2.65 4.35 - 13.58 2003 204 1.116 - 1.121 229 -- 1.70 - 2.50 6.08 - 11.23
110 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- DWSII Large Cap Value 2007 2,093 1.311 - 1.581 3,178 1.30 1.55 - 2.65 9.80 - 11.03 Subaccount (Class B) 2006 2,093 1.104 - 1.424 2,876 1.17 1.55 - 2.65 11.90 - 13.20 2005 2,178 0.985 - 1.258 2,650 1.42 1.55 - 2.65 (1.10) - 1.52 2004 1,853 1.078 - 1.258 2,291 0.23 1.55 - 2.65 1.55 - 9.81 2003 122 1.159 - 1.164 142 -- 1.70 - 2.50 8.22 - 15.26 DWSII Mid Cap Growth 2007 635 1.327 - 1.555 964 -- 1.55 - 2.45 5.32 - 6.29 Subaccount (Class B) 2006 620 1.260 - 1.463 888 -- 1.55 - 2.45 3.35 - 12.95 2005 536 1.168 - 1.344 705 -- 1.55 - 2.45 5.69 - 12.85 2004 413 1.044 - 1.191 486 -- 1.55 - 2.45 0.94 - 16.70 2003 17 1.164 19 -- 2.10 (0.26) DWSII Moderate Allocation 2007 13,894 1.135 - 1.260 17,238 2.22 1.55 - 2.55 2.44 - 3.45 Subaccount (Class B) 2006 14,481 1.108 - 1.218 17,442 0.87 1.55 - 2.55 8.10 - 9.24 2005 14,106 1.025 - 1.115 15,627 -- 1.55 - 2.55 2.60 - 5.84 2004 4,088 1.075 - 1.078 4,398 -- 1.55 - 2.30 1.42 - 6.22 DWSII Money Market 2007 4,611 1.012 - 1.047 4,765 4.40 1.55 - 2.55 0.79 - 2.95 Subaccount (Class B) 2006 4,882 0.990 - 1.017 4,920 4.19 1.55 - 2.55 1.60 - 2.62 2005 3,008 0.972 - 1.000 2,965 2.52 1.55 - 2.55 0.10 - 0.92 2004 2,361 0.971 - 0.987 2,311 0.61 1.55 - 2.30 (1.52) - (0.40) 2003 290 0.989 - 0.992 288 0.10 1.55 - 2.10 (0.50) - (0.20) DWSII Small Cap Growth 2007 2,345 1.093 - 1.396 3,151 -- 1.55 - 2.65 3.01 - 4.18 Subaccount (Class B) 2006 2,352 1.060 - 1.340 3,043 -- 1.55 - 2.65 1.99 - 3.24 2005 2,131 1.037 - 1.298 2,688 -- 1.55 - 2.65 (0.36) - 11.53 2004 970 1.064 - 1.235 1,185 -- 1.55 - 2.65 0.49 - 22.16 2003 87 1.132 - 1.133 98 -- 1.90 - 2.10 0.27 - 8.21 DWSII Technology 2007 1,159 1.138 - 1.372 1,543 -- 1.55 - 2.65 (3.20) - 12.09 Subaccount (Class B) 2006 1,004 1.025 - 1.224 1,192 -- 1.55 - 2.65 (7.55) - (1.13) 2005 1,127 1.045 - 1.238 1,363 0.12 1.55 - 2.65 0.58 - 15.49 2004 818 1.043 - 1.217 976 -- 1.55 - 2.65 (0.66) - 13.62 2003 114 1.215 - 1.217 139 -- 1.70 - 2.10 3.58 - 15.48 DWSII Turner Mid Cap Growth 2007 1,456 1.374 - 1.869 2,586 -- 1.55 - 2.65 0.73 - 23.20 Subaccount (Class B) 2006 1,459 1.127 - 1.517 2,114 -- 1.55 - 2.65 (6.86) - 4.62 2005 1,467 1.187 - 1.450 2,052 -- 1.55 - 2.65 4.62 - 12.38 2004 1,107 1.097 - 1.324 1,451 -- 1.55 - 2.50 6.10 - 12.71 2003 92 1.210 - 1.213 111 -- 1.95 - 2.30 2.36 - 16.01 Fidelity VIP Contrafund 2007 13,481 1.559 - 2.046 25,967 0.78 1.55 - 2.60 1.63 - 15.46 Subaccount (Service Class 2) 2006 13,276 1.364 - 1.772 22,196 1.00 1.55 - 2.60 8.51 - 9.72 2005 11,559 1.257 - 1.615 17,783 0.08 1.55 - 2.60 11.70 - 17.26 2004 4,082 1.107 - 1.406 5,658 0.03 1.55 - 2.50 5.13 - 16.00 2003 98 1.234 - 1.240 121 -- 1.55 - 2.30 0.24 - 16.70 Fidelity VIP Dynamic Capital Appreciation 2007 913 1.436 - 1.654 1,484 0.10 1.55 - 2.50 4.08 - 5.08 Subaccount (Service Class 2) 2006 988 1.373 - 1.574 1,533 0.24 1.55 - 2.50 10.95 - 12.03 2005 1,020 1.232 - 1.405 1,417 -- 1.55 - 2.50 17.70 - 26.48 2004 387 1.042 - 1.182 454 -- 1.55 - 2.50 (0.85) - 16.29 2003 115 1.181 - 1.185 136 -- 1.55 - 2.10 3.32 - 7.36
111 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- Fidelity VIP Mid Cap 2007 13,188 1.734 - 2.529 30,667 0.49 1.55 - 2.60 12.38 - 13.56 Subaccount (Service Class 2) 2006 13,669 1.543 - 2.227 27,993 0.17 1.55 - 2.60 9.51 - 10.63 2005 12,662 1.409 - 2.013 23,741 -- 1.55 - 2.60 14.37 - 16.22 2004 4,744 1.227 - 1.732 8,105 -- 1.55 - 2.50 14.03 - 25.97 2003 135 1.402 - 1.411 190 -- 1.55 - 2.50 5.22 - 12.57 FTVIPT Franklin Rising Dividends 2007 9,440 1.168 - 1.495 13,498 2.39 1.55 - 2.60 (5.19) - (4.23) Securities Subaccount (Class 2) 2006 9,632 1.232 - 1.561 14,539 1.05 1.55 - 2.60 14.18 - 15.37 2005 8,404 1.079 - 1.353 11,153 0.90 1.55 - 2.60 (0.31) - 4.84 2004 4,561 1.074 - 1.329 6,023 0.26 1.55 - 2.50 0.40 - 12.39 2003 68 1.211 - 1.216 82 -- 1.55 - 2.10 1.68 - 13.22 FTVIPT Franklin Small Mid-Cap Growth 2007 4,323 1.270 - 1.772 7,329 -- 1.55 - 2.60 8.36 - 9.52 Securities Subaccount (Class 2) 2006 3,318 1.172 - 1.618 5,110 -- 1.55 - 2.60 (2.74) - 7.01 2005 2,841 1.106 - 1.512 4,165 -- 1.55 - 2.60 2.12 - 9.27 2004 1,763 1.083 - 1.465 2,564 -- 1.55 - 2.60 3.04 - 14.35 2003 121 1.330 - 1.335 161 -- 1.55 - 2.10 (0.82) - 6.12 FTVIPT Templeton Developing Markets 2007 5,256 2.449 - 3.645 17,563 2.20 1.55 - 2.60 1.06 - 26.83 Securities Subaccount (Class 2) 2006 5,399 1.952 - 2.874 14,370 1.05 1.55 - 2.60 24.81 - 26.11 2005 4,916 1.564 - 2.279 10,404 1.19 1.55 - 2.60 22.19 - 26.88 2004 1,742 1.261 - 1.816 3,128 1.52 1.55 - 2.50 5.88 - 28.51 2003 12 1.474 - 1.479 17 -- 1.55 - 2.10 5.57 - 21.63 FTVIPT Templeton Foreign Securities 2007 10,181 1.650 - 2.303 21,786 2.00 1.55 - 2.60 12.47 - 13.67 Subaccount (Class 2) 2006 10,416 1.467 - 2.026 19,734 1.22 1.55 - 2.60 18.40 - 19.60 2005 9,400 1.239 - 1.694 15,074 1.14 1.55 - 2.60 6.60 - 10.44 2004 3,390 1.153 - 1.562 5,239 0.57 1.55 - 2.60 4.34 - 16.82 2003 195 1.333 - 1.338 260 -- 1.55 - 2.10 6.28 - 9.80 Janus Aspen Global Life Sciences 2007 167 1.796 - 1.860 306 -- 1.55 - 2.30 18.94 - 19.85 Subaccount (Service Shares) 2006 156 1.510 - 1.552 238 -- 1.55 - 2.30 3.92 - 4.65 2005 157 1.453 - 1.483 230 -- 1.55 - 2.30 9.74 - 10.67 2004 157 1.324 - 1.340 209 -- 1.55 - 2.30 1.07 - 12.42 2003 15 1.189 - 1.192 18 -- 1.55 - 1.95 7.02 - 8.96 Janus Aspen Global Technology 2007 1,559 1.433 - 1.918 2,856 0.65 1.55 - 2.40 8.62 - 19.80 Subaccount (Service Shares) 2006 659 1.206 - 1.601 999 -- 1.55 - 2.40 5.24 - 6.17 2005 536 1.146 - 1.508 766 -- 1.55 - 2.40 4.56 - 23.46 2004 279 1.217 - 1.373 381 -- 1.55 - 2.30 (1.37) - 3.49 2003 9 1.382 - 1.386 12 -- 1.55 - 1.95 (0.86) - 9.05 Janus Aspen Worldwide Growth 2007 176 1.635 - 1.677 290 0.57 1.55 - 2.10 7.07 - 7.64 Subaccount (Service Shares) 2006 163 1.515 - 1.558 251 1.64 1.55 - 2.30 12.31 - 16.18 2005 165 1.322 - 1.341 219 1.34 1.55 - 2.10 3.36 - 3.95 2004 106 1.279 - 1.290 136 1.18 1.55 - 2.10 (4.19) - 2.87 2003 30 1.250 - 1.254 38 0.25 1.55 - 1.95 11.76 - 13.53 LMPVET Aggressive Growth Subaccount (Class I) (b) 2007 4,852 1.203 - 1.602 7,204 -- 1.55 - 2.50 (5.02) - (4.42) LMPVET Aggressive Growth Subaccount (Class II) (b) 2007 4,748 1.185 - 1.566 6,941 -- 1.55 - 2.60 (5.20) - (4.51)
112 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- LMPVET Appreciation Subaccount (Class I) (b) 2007 1,072 1.260 - 1.591 1,646 1.02 1.55 - 2.40 2.27 - 2.84 LMPVET Equity Index 2007 8,658 1.253 - 1.581 13,108 1.57 1.55 - 2.50 2.37 - 3.27 Subaccount (Class II) 2006 9,130 1.224 - 1.531 13,422 1.34 1.55 - 2.50 12.22 - 13.41 2005 9,144 1.089 - 1.350 11,923 1.48 1.55 - 2.50 1.70 - 8.80 2004 5,183 1.072 - 1.316 6,722 3.15 1.55 - 2.50 5.08 - 10.47 2003 239 1.208 - 1.212 290 1.73 1.55 - 2.10 5.49 - 14.81 LMPVET Fundamental Value Subaccount (ClassI) (b) 2007 2,906 1.215 - 1.659 4,590 1.21 1.55 - 2.60 (5.70) - (5.04) LMPVET Investors 2007 1,909 1.331 - 1.730 3,080 1.24 1.55 - 2.50 1.35 - 2.31 Subaccount (Class I) 2006 1,948 1.308 - 1.691 3,092 1.66 1.55 - 2.50 15.32 - 16.46 2005 1,832 1.129 - 1.452 2,550 1.40 1.55 - 2.50 3.89 - 4.84 2004 1,277 1.081 - 1.385 1,743 3.68 1.55 - 2.50 7.66 - 9.86 2003 55 1.266 - 1.274 70 2.35 1.55 - 2.50 5.64 - 13.55 LMPVET Large Cap Growth Subaccount (ClassI) (b) 2007 1,812 1.077 - 1.426 2,440 0.04 1.55 - 2.50 (1.16) - (0.56) LMPVET Small Cap Growth 2007 2,663 1.402 - 2.013 4,921 -- 1.55 - 2.60 7.19 - 8.28 Subaccount (Class I) 2006 2,870 1.308 - 1.859 4,926 -- 1.55 - 2.60 9.92 - 11.05 2005 2,880 1.190 - 1.674 4,492 -- 1.55 - 2.60 1.10 - 3.27 2004 1,599 1.166 - 1.621 2,522 -- 1.55 - 2.50 1.39 - 25.00 2003 192 1.425 - 1.430 274 -- 1.55 - 2.10 3.63 - 21.29 LMPVET Social Awareness 2007 823 1.202 - 1.263 1,016 1.40 1.55 - 2.50 8.09 - 9.21 Subaccount 2006 816 1.112 - 1.162 926 0.55 1.55 - 2.50 5.10 - 6.05 2005 727 1.058 - 1.102 779 0.91 1.55 - 2.50 1.83 - 4.08 2004 267 1.039 - 1.077 278 1.43 1.55 - 2.50 0.00 - 12.42 LMPVPI All Cap 2007 -- 1.296 - 1.747 -- 0.29 1.55 - 2.50 4.66 - 4.92 Subaccount (Class I) (a) 2006 2,869 1.238 - 1.665 4,544 1.39 1.55 - 2.50 15.19 - 16.27 2005 2,874 1.074 - 1.432 3,928 1.02 1.55 - 2.50 1.45 - 10.49 2004 1,925 1.059 - 1.398 2,644 1.09 1.55 - 2.50 5.68 - 13.60 2003 186 1.302 - 1.311 244 0.54 1.55 - 2.50 7.83 - 16.37 LMPVPI All Cap 2007 -- 1.233 - 1.261 -- 0.04 1.55 - 2.60 2.53 - 4.82 Subaccount (Class II) (a) 2006 188 1.180 - 1.203 225 2.20 1.55 - 2.60 4.93 - 16.01 2005 23 1.027 - 1.037 23 0.63 1.55 - 2.60 1.58 - 8.02 LMPVPII Growth and Income 2007 -- 1.232 - 1.547 -- 0.06 1.55 - 2.40 4.14 - 4.46 Subaccount (Class I) (a) 2006 1,170 1.183 - 1.481 1,670 0.41 1.55 - 2.40 9.74 - 11.84 2005 1,151 1.078 - 1.338 1,490 0.41 1.55 - 2.40 1.22 - 2.06 2004 878 1.065 - 1.311 1,134 2.13 1.55 - 2.40 2.36 - 8.77 2003 57 1.225 - 1.229 70 0.55 1.55 - 1.95 5.06 - 7.24 LMPVPI Large Cap Growth 2007 -- 1.087 - 1.434 -- -- 1.55 - 2.50 3.83 - 4.16 Subaccount (Class I) (a) 2006 2,012 1.045 - 1.377 2,611 -- 1.55 - 2.50 1.68 - 2.68 2005 2,073 1.023 - 1.341 2,653 0.02 1.55 - 2.50 2.67 - 3.55 2004 1,359 0.992 - 1.295 1,723 0.39 1.55 - 2.50 (4.19) - 13.94 2003 106 1.303 - 1.308 139 -- 1.55 - 2.10 3.66 - 14.44
113 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- LMPVPII Aggressive Growth 2007 -- 1.266 - 1.676 -- -- 1.55 - 2.50 3.26 - 3.52 Subaccount (Class I) (a) 2006 5,658 1.226 - 1.619 8,461 -- 1.55 - 2.50 8.32 - 9.39 2005 5,529 1.131 - 1.480 7,653 -- 1.55 - 2.50 7.13 - 17.99 2004 2,209 1.056 - 1.368 2,975 -- 1.55 - 2.50 (1.53) - 13.30 2003 122 1.265 - 1.274 155 -- 1.55 - 2.50 4.20 - 13.14 LMPVPII Aggressive Growth 2007 -- 1.250 - 1.640 -- -- 1.55 - 2.60 3.14 - 3.47 Subaccount (Class II) (a) 2006 4,745 1.212 - 1.585 7,132 -- 1.55 - 2.60 7.93 - 9.08 2005 3,681 1.123 - 1.453 5,212 -- 1.55 - 2.60 6.85 - 17.48 2004 2,435 1.051 - 1.346 3,257 -- 1.55 - 2.60 (0.89) - 10.69 2003 146 1.252 - 1.257 184 -- 1.55 - 2.10 (0.08) - 7.45 LMPVET Capital and Income Subaccount (Class II) (b) 2007 3,621 1.086 - 1.372 4,781 1.23 1.55 - 2.70 (1.75) - 0.00 LMPVIT Adjustable Rate Income 2007 2,401 0.985 - 1.026 2,424 4.35 1.55 - 2.50 (1.10) - (0.19) Subaccount 2006 2,895 0.996 - 1.028 2,941 4.21 1.55 - 2.60 1.41 - 2.49 2005 3,439 0.981 - 1.003 3,417 3.88 1.55 - 2.60 (0.20) - 0.80 2004 1,531 0.983 - 0.999 1,515 2.81 1.55 - 2.60 (0.91) - (0.10) 2003 24 0.998 - 0.999 24 0.46 1.55 - 1.70 0.00 - 0.10 LMPVPI Total Return 2007 -- 1.096 - 1.372 -- 0.57 1.55 - 2.70 2.42 - 2.85 Subaccount (Class II) (a) 2006 3,314 1.069 - 1.334 4,295 2.23 1.55 - 2.70 2.00 - 10.52 2005 2,172 1.056 - 1.207 2,591 2.12 1.55 - 2.60 (0.85) - 3.22 2004 1,125 1.117 - 1.191 1,333 4.47 1.55 - 2.50 0.09 - 6.82 2003 80 1.112 - 1.115 89 0.77 1.55 - 1.95 3.15 - 8.58 Lord Abbett Growth and Income 2007 -- 1.308 - 1.682 -- -- 1.55 - 2.60 3.62 - 3.89 Subaccount (Class VC) (a) 2006 9,932 1.262 - 1.619 15,035 1.28 1.55 - 2.60 14.21 - 15.48 2005 9,339 1.105 - 1.402 12,372 1.31 1.55 - 2.60 0.74 - 4.69 2004 3,180 1.099 - 1.379 4,334 2.24 1.55 - 2.50 2.01 - 14.21 2003 169 1.239 - 1.243 210 1.69 1.55 - 2.10 4.98 - 12.93 Lord Abbett Mid-Cap Value 2007 -- 1.477 - 1.995 -- -- 1.55 - 2.50 9.90 - 10.22 Subaccount (Class VC) (a) 2006 7,690 1.343 - 1.810 13,037 0.49 1.55 - 2.50 9.46 - 10.50 2005 8,163 1.226 - 1.638 12,646 0.58 1.55 - 2.50 5.55 - 13.54 2004 3,089 1.160 - 1.537 4,701 0.80 1.55 - 2.50 3.66 - 21.96 2003 108 1.252 - 1.257 136 2.19 1.70 - 2.30 7.90 - 16.90 MIST Batterymarch Mid-Cap Stock 2007 3,112 1.302 - 1.792 5,296 0.31 1.55 - 2.60 3.33 - 4.43 Subaccount (Class A) 2006 3,217 1.260 - 1.716 5,268 -- 1.55 - 2.60 (5.48) - (4.77) MIST BlackRock High Yield 2007 9,128 1.152 - 1.331 11,725 5.40 1.44 - 2.39 (3.11) - 1.14 Subaccount (Class A) 2006 4,114 1.157 - 1.316 5,267 -- 1.55 - 2.50 4.78 - 5.45 MIST BlackRock Large-Cap Core Subaccount (Class E) (b) 2007 2,586 1.415 - 1.724 4,252 -- 1.55 - 2.60 (0.77) - (0.06) MIST BlackRock Large-Cap Core 2007 -- 1.426 - 1.725 -- 0.69 1.55 - 2.60 4.53 - 4.86 Subaccount (Class A) (a) 2006 3,099 1.364 - 1.645 4,905 -- 1.55 - 2.60 5.17 - 5.92 MIST Dreman Small-Cap Value 2007 381 1.293 - 1.322 499 -- 1.55 - 2.40 (3.29) - (2.51) Subaccount (Class A) 2006 276 1.335 - 1.356 371 0.64 1.55 - 2.50 (0.37) - 9.48
114 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- MIST Harris Oakmark International 2007 3,949 1.477 - 1.924 7,220 0.95 1.54 - 2.59 (3.40) - (2.34) Subaccount (Class A) 2006 3,322 1.529 - 1.970 6,267 -- 1.51 - 2.56 9.45 - 17.50 MIST Janus Forty 2007 5,161 1.717 - 2.172 10,611 0.17 1.55 - 2.60 27.09 - 28.44 Subaccount (Class A) 2006 5,188 1.351 - 1.691 8,292 -- 1.55 - 2.60 1.87 - 2.55 MIST Lazard Mid-Cap Subaccount (Class B) (b) 2007 385 1.105 - 1.127 430 -- 1.55 - 2.30 (12.79) - (12.36) MIST Legg Mason Partners Managed 2007 3,583 1.197 - 1.240 4,379 2.38 1.55 - 2.50 3.73 - 4.73 Assets Subaccount (Class A) 2006 3,675 1.154 - 1.186 4,309 -- 1.55 - 2.50 5.00 - 5.71 MIST Lord Abbett Bond Debenture 2007 2,966 1.180 - 1.387 3,988 5.58 1.55 - 2.50 4.24 - 5.24 Subaccount (Class A) 2006 3,146 1.131 - 1.318 4,037 -- 1.55 - 2.50 4.17 - 4.77 MIST Lord Abbett Growth and Income 2007 26,022 1.084 - 1.104 28,509 0.53 1.30 - 2.35 (2.43) - 2.41 Subaccount (Class B) 2006 14,276 1.071 - 1.078 15,344 -- 1.30 - 2.25 6.99 - 7.69 MIST Lord Abbett Mid-Cap Value 2007 11,639 1.045 - 1.062 12,277 0.03 1.55 - 2.50 (10.68) - (0.93) Subaccount (Class B) 2006 100 1.066 - 1.072 107 -- 1.55 - 2.40 (0.47) - 14.41 MIST Met/AIM Capital Appreciation 2007 1,935 1.267 - 1.596 2,899 0.09 1.55 - 2.60 9.04 - 10.14 Subaccount (Class A) 2006 2,015 1.162 - 1.449 2,762 0.18 1.55 - 2.60 (1.86) - (1.16) MIST Met/AIM Capital Appreciation Subaccount (Class E) (b) 2007 4,459 1.253 - 1.574 6,777 -- 1.55 - 2.60 2.45 - 3.08 MIST Met/AIM Small Cap Growth 2007 320 1.358 - 1.388 439 -- 1.55 - 2.40 8.81 - 9.72 Subaccount (Class A) 2006 151 1.248 - 1.265 190 -- 1.55 - 2.40 (1.27) - 14.44 MIST MFS Emerging Markets Equity Subaccount (Class A) (b) 2007 1,831 2.040 - 3.509 6,019 -- 1.55 - 2.65 24.32 - 25.28 MIST MFS Research International Subaccount (Class B) (b) 2007 898 1.798 - 2.326 2,036 -- 1.55 - 2.30 (2.43) - 4.49 MIST MFS Value 2007 6,311 1.425 - 1.475 9,216 -- 1.55 - 2.50 5.01 - 5.96 Subaccount (Class A) 2006 5,845 1.357 - 1.399 8,086 1.33 1.55 - 2.50 9.79 - 10.56 MIST Neuberger Berman Real Estate 2007 12,750 1.006 - 1.024 12,977 1.09 1.55 - 2.60 (17.00) - (16.13) Subaccount (Class A) 2006 14,706 1.212 - 1.221 17,906 -- 1.55 - 2.60 20.84 - 21.73 MIST Oppenheimer Capital Appreciation 2007 6,037 1.115 - 1.134 6,810 -- 1.55 - 2.60 11.39 - 12.50 Subaccount (Class B) 2006 5,584 1.001 - 1.008 5,617 -- 1.55 - 2.60 0.70 - 1.41 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (b) 2007 10,145 1.080 - 1.214 11,977 -- 1.55 - 2.60 5.58 - 6.30 MIST Pioneer Fund 2007 710 1.328 - 1.606 1,096 0.90 1.55 - 2.50 2.40 - 3.41 Subaccount (Class A) 2006 915 1.291 - 1.553 1,367 -- 1.55 - 2.50 6.91 - 7.55 MIST Pioneer Mid-Cap Value 2007 -- 1.267 - 1.286 -- 0.42 1.55 - 2.30 9.47 - 10.48 Subaccount (Class A) (a) 2006 403 1.151 - 1.164 467 0.25 1.55 - 2.30 1.05 - 7.93
115 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- MIST Pioneer Strategic Income 2007 7,953 1.176 - 1.222 9,597 0.69 1.55 - 2.60 3.90 - 5.00 Subaccount (Class A) 2006 7,967 1.131 - 1.170 9,185 4.88 1.55 - 2.60 2.85 - 3.57 MIST Third Avenue Small Cap Value 2007 23,927 0.965 - 0.983 23,369 0.55 1.55 - 2.60 (10.65) - (4.47) Subaccount (Class B) 2006 11,793 1.023 - 1.029 12,101 -- 1.55 - 2.50 1.99 - 2.59 MSF BlackRock Aggressive Growth 2007 3,419 1.301 - 1.791 5,818 -- 1.55 - 2.50 17.41 - 18.61 Subaccount (Class D) 2006 3,413 1.106 - 1.510 4,887 -- 1.55 - 2.50 (2.98) - (2.39) MSF BlackRock Bond Income 2007 7,720 1.057 - 1.114 8,451 3.22 1.55 - 2.50 3.60 - 4.70 Subaccount (Class A) 2006 7,799 1.017 - 1.064 8,186 -- 1.55 - 2.50 3.32 - 3.91 MSF BlackRock Money Market 2007 32,798 1.023 - 1.069 34,537 4.94 1.55 - 2.70 0.38 - 3.38 Subaccount (Class A) 2006 22,531 0.999 - 1.034 22,986 3.30 1.55 - 2.70 1.09 - 2.27 MSF FI Large Cap 2007 3,476 1.161 - 1.427 4,555 0.16 1.55 - 2.60 1.22 - 2.37 Subaccount (Class A) 2006 3,768 1.147 - 1.394 4,864 -- 1.55 - 2.60 0.70 - 1.38 MSF FI Value Leaders 2007 7,652 1.212 - 1.519 11,077 0.83 1.55 - 2.60 1.34 - 2.50 Subaccount (Class D) 2006 7,806 1.196 - 1.482 11,076 -- 1.55 - 2.60 1.96 - 2.63 MSF MetLife Aggressive Allocation 2007 1,927 1.060 - 1.078 2,058 0.05 1.55 - 2.60 0.66 - 1.60 Subaccount (Class B) 2006 1,577 1.053 - 1.061 1,666 -- 1.55 - 2.60 5.09 - 5.89 MSF MetLife Conservative Allocation 2007 2,606 1.067 - 1.084 2,799 -- 1.55 - 2.50 (0.09) - 3.93 Subaccount (Class B) 2006 2,593 1.036 - 1.043 2,695 -- 1.55 - 2.50 0.97 - 5.80 MSF MetLife Conservative to Moderate 2007 3,662 1.068 - 1.083 3,940 -- 1.55 - 2.40 1.04 - 3.66 Allocation Subaccount (Class B) 2006 1,853 1.044 - 1.050 1,939 -- 1.55 - 2.40 3.77 - 4.79 MSF MetLife Moderate Allocation 2007 11,761 1.067 - 1.084 12,644 0.01 1.55 - 2.50 1.81 - 2.75 Subaccount (Class B) 2006 10,582 1.048 - 1.055 11,126 -- 1.55 - 2.50 4.59 - 9.92 MSF MetLife Moderate to Aggressive 2007 6,204 1.065 - 1.084 6,674 0.03 1.55 - 2.60 (2.26) - 2.26 Allocation Subaccount (Class B) 2006 6,709 1.052 - 1.060 7,085 -- 1.55 - 2.60 4.99 - 5.79 MSF MFS Total Return 2007 5,033 1.077 - 1.099 5,484 1.81 1.55 - 2.75 (3.47) - 2.52 Subaccount (Class B) 2006 3,929 1.064 - 1.072 4,198 -- 1.55 - 2.65 6.08 - 6.88 MSF MFS Total Return 2007 24,421 1.226 - 1.419 33,326 1.96 1.55 - 2.50 1.57 - 2.60 Subaccount (Class F) 2006 25,723 1.205 - 1.383 34,428 -- 1.55 - 2.50 6.26 - 6.88 MSF Oppenheimer Global Equity 2007 30,426 1.081 - 1.101 33,273 0.89 1.55 - 2.60 3.54 - 4.66 Subaccount (Class B) 2006 33,480 1.044 - 1.052 35,113 -- 1.39 - 2.54 4.82 - 5.62 MSF T. Rowe Price Large Cap Growth 2007 2,390 1.131 - 1.149 2,730 0.19 1.55 - 2.50 (2.24) - 7.48 Subaccount (Class B) 2006 2,365 1.062 - 1.069 2,523 -- 1.55 - 2.50 6.41 - 7.11 MSF Western Asset Management High 2007 -- 1.163 - 1.199 -- 10.16 1.55 - 2.50 3.47 - 3.82 Yield Bond Subaccount (Class A) (a) 2006 6,377 1.124 - 1.157 7,320 -- 1.55 - 2.50 5.64 - 6.37 MSF Western Asset Management 2007 5,392 1.067 - 1.117 5,929 2.77 1.40 - 2.45 1.86 - 2.89 U.S. Government Subaccount (Class A) 2006 5,918 1.046 - 1.091 6,345 -- 1.40 - 2.45 2.77 - 3.47
116 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- PIMCO VIT Real Return 2007 -- 1.020 - 1.141 -- 1.55 1.55 - 2.60 1.72 - 1.98 Subaccount (Administrative Class) (a) 2006 10,340 1.002 - 1.119 11,306 4.24 1.55 - 2.60 (1.89) - (0.80) 2005 9,967 1.018 - 1.128 11,053 2.92 1.55 - 2.60 (0.56) - 0.66 2004 4,188 1.020 - 1.122 4,667 1.18 1.55 - 2.60 1.23 - 7.47 2003 331 1.043 - 1.047 346 0.38 1.55 - 2.10 (1.23) - 2.45 PIMCO VIT Total Return 2007 23,835 1.095 - 1.155 27,021 4.80 1.55 - 2.60 5.98 - 7.04 Subaccount (Administrative Class) 2006 24,626 1.030 - 1.079 26,181 4.42 1.55 - 2.60 1.15 - 2.27 2005 22,715 1.014 - 1.055 23,715 3.59 1.55 - 2.60 (0.19) - 0.86 2004 8,552 1.011 - 1.046 8,894 1.99 1.55 - 2.60 0.10 - 3.26 2003 649 1.007 - 1.013 656 1.33 1.55 - 2.50 (1.37) - 3.58 Pioneer America Income VCT 2007 -- 1.022 - 1.077 -- 3.94 1.55 - 2.70 2.51 - 3.79 Subaccount (Class II) (c) 2006 8,439 0.993 - 1.042 8,589 4.41 1.55 - 2.70 0.49 - 2.55 2005 7,379 0.985 - 1.031 7,418 4.46 1.55 - 2.60 (1.16) - 0.41 2004 3,712 0.990 - 1.034 3,730 4.63 1.55 - 2.50 (1.19) - 3.07 2003 95 0.993 - 0.995 94 0.66 1.55 - 1.95 (0.10) - 1.22 Pioneer Bond VCT Subaccount (Class II) (d) 2007 8,897 1.090 - 1.092 9,707 0.65 1.55 - 2.70 9.00 - 9.20 Pioneer Cullen Value VCT 2007 6,349 1.274 - 1.312 8,261 0.80 1.55 - 2.60 2.32 - 4.79 Subaccount (Class II) 2006 4,297 1.229 - 1.252 5,355 0.17 1.55 - 2.60 4.91 - 15.29 2005 1,318 1.077 - 1.086 1,427 -- 1.55 - 2.60 0.65 - 10.74 Pioneer Emerging Markets VCT 2007 4,034 3.178 - 4.474 16,567 0.34 1.55 - 2.60 38.78 - 40.25 Subaccount (Class II) 2006 3,673 2.290 - 3.190 10,763 0.34 1.55 - 2.60 18.94 - 33.42 2005 2,674 1.734 - 2.391 6,191 0.46 1.55 - 2.60 31.92 - 39.65 2004 1,557 1.294 - 1.764 2,728 0.56 1.55 - 2.60 0.00 - 28.02 2003 55 1.505 - 1.510 82 -- 1.55 - 2.10 1.28 - 18.69 Pioneer Equity Income VCT 2007 7,595 1.347 - 1.703 12,465 2.30 1.55 - 2.60 (2.04) - (0.99) Subaccount (Class II) 2006 7,097 1.375 - 1.720 11,862 2.42 1.55 - 2.60 11.13 - 20.28 2005 5,594 1.155 - 1.430 7,879 2.23 1.55 - 2.60 0.61 - 4.05 2004 3,021 1.127 - 1.377 4,140 3.12 1.55 - 2.50 2.36 - 14.27 2003 101 1.201 - 1.205 121 0.92 1.55 - 2.10 4.43 - 10.56 Pioneer Equity Opportunity VCT 2007 -- 1.339 - 1.377 -- 0.18 1.55 - 2.60 (5.61) - 10.07 Subaccount (Class II) (c) 2006 158 1.228 - 1.251 196 0.32 1.55 - 2.60 (0.88) - 17.46 2005 30 1.058 - 1.065 32 -- 1.55 - 2.40 (1.21) - 8.45 Pioneer Fund VCT 2007 10,620 1.301 - 1.633 16,551 1.06 1.55 - 2.60 2.12 - 3.16 Subaccount (Class II) 2006 6,575 1.274 - 1.583 10,009 1.13 1.55 - 2.60 13.35 - 14.63 2005 5,875 1.124 - 1.381 7,912 1.16 1.55 - 2.60 3.21 - 6.18 2004 3,497 1.089 - 1.324 4,598 1.17 1.55 - 2.60 0.74 - 13.11 2003 336 1.208 - 1.213 407 0.74 1.55 - 2.10 0.25 - 12.86 Pioneer Global High Yield VCT 2007 4,530 1.069 - 1.154 5,154 8.08 1.55 - 2.75 (0.71) - 0.52 Subaccount (Class II) 2006 3,095 1.075 - 1.148 3,517 7.29 1.55 - 2.75 2.37 - 10.28 2005 670 1.032 - 1.041 696 4.80 1.55 - 2.60 (0.48) - 5.06 Pioneer High Yield VCT 2007 10,357 1.068 - 1.357 13,519 5.08 1.55 - 2.75 0.66 - 3.98 Subaccount (Class II) 2006 11,739 1.044 - 1.305 14,826 5.26 1.55 - 2.70 0.17 - 6.62 2005 8,126 1.074 - 1.224 9,833 5.23 1.55 - 2.60 (0.83) - 1.99 2004 6,312 1.087 - 1.223 7,686 5.01 1.55 - 2.50 1.21 - 6.93 2003 332 1.148 - 1.152 382 2.37 1.55 - 2.10 1.68 - 9.09
117 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- Pioneer Ibbotson Aggressive Allocation VCT 2007 4,404 1.236 - 1.266 5,526 1.26 1.55 - 2.40 2.66 - 3.60 Subaccount (Class II) 2006 3,637 1.204 - 1.222 4,420 0.26 1.55 - 2.40 6.56 - 12.63 2005 1,079 1.078 - 1.085 1,166 -- 1.55 - 2.40 2.56 - 10.94 Pioneer Ibbotson Growth Allocation VCT 2007 91,686 1.089 - 1.230 110,642 1.01 1.55 - 2.90 2.74 - 4.06 Subaccount (Class II) 2006 55,528 1.060 - 1.182 64,825 0.14 1.55 - 2.90 5.35 - 10.99 2005 4,439 1.058 - 1.065 4,711 -- 1.55 - 2.40 0.95 - 9.15 Pioneer Ibbotson Moderate Allocation VCT 2007 48,332 1.081 - 1.190 56,545 1.01 1.55 - 2.70 2.85 - 4.02 Subaccount (Class II) 2006 33,498 1.051 - 1.144 37,907 0.30 1.55 - 2.70 (0.26) - 8.95 2005 4,663 1.043 - 1.050 4,880 -- 1.55 - 2.40 2.44 - 7.28 Pioneer Independence VCT 2007 1,704 1.207 - 1.394 2,298 -- 1.55 - 2.60 4.68 - 5.77 Subaccount (Class II) 2006 1,390 1.153 - 1.318 1,778 -- 1.55 - 2.60 1.57 - 12.18 2005 1,184 1.086 - 1.228 1,424 0.58 1.55 - 2.60 (0.44) - 3.52 2004 799 1.189 - 1.208 962 -- 1.55 - 2.50 4.18 - 10.55 2003 77 1.149 - 1.154 88 -- 1.55 - 2.10 0.17 - 2.58 Pioneer International Value VCT 2007 2,695 1.729 - 2.295 5,797 0.31 1.55 - 2.60 10.34 - 11.46 Subaccount (Class II) 2006 2,234 1.567 - 2.059 4,369 0.26 1.55 - 2.60 19.44 - 20.69 2005 873 1.312 - 1.706 1,457 0.06 1.55 - 2.60 9.65 - 18.76 2004 504 1.480 - 1.504 752 0.32 1.55 - 2.50 12.62 - 16.59 2003 16 1.286 - 1.290 21 -- 1.55 - 1.95 12.41 - 12.76 Pioneer Mid Cap Value VCT 2007 6,362 1.345 - 1.928 11,422 0.58 1.55 - 2.60 2.67 - 3.71 Subaccount (Class II) 2006 5,978 1.310 - 1.859 10,453 -- 1.55 - 2.60 9.35 - 10.52 2005 5,101 1.198 - 1.682 8,245 0.21 1.55 - 2.60 (0.07) - 5.99 2004 2,609 1.143 - 1.587 4,112 0.17 1.55 - 2.50 0.78 - 19.86 2003 205 1.317 - 1.324 271 -- 1.55 - 2.30 7.24 - 11.20 Pioneer Oak Ridge Large Cap Growth VCT 2007 4,884 1.189 - 1.257 6,041 0.19 1.55 - 2.60 5.41 - 6.44 Subaccount (Class II) 2006 4,896 1.128 - 1.181 5,709 0.03 1.55 - 2.60 (1.18) - 1.20 2005 3,982 1.127 - 1.167 4,610 0.14 1.55 - 2.60 4.59 - 10.98 2004 1,455 1.070 - 1.095 1,589 -- 1.55 - 2.50 (0.09) - 11.01 Pioneer Real Estate Shares VCT 2007 4,048 1.470 - 2.035 7,785 2.52 1.55 - 2.60 (21.18) - (6.17) Subaccount (Class II) 2006 4,537 1.859 - 2.555 11,118 2.40 1.55 - 2.60 20.87 - 34.40 2005 3,540 1.462 - 1.901 6,588 3.29 1.55 - 2.60 4.24 - 18.55 2004 1,875 1.310 - 1.681 3,137 4.29 1.55 - 2.30 4.13 - 41.52 2003 99 1.256 - 1.261 125 2.94 1.55 - 2.10 (0.16) - 15.69 Pioneer Small and Mid Cap Growth VCT 2007 -- 1.266 - 1.388 -- -- 1.55 - 2.60 17.11 - 18.23 Subaccount (Class II) (c) 2006 1,958 1.081 - 1.174 2,261 -- 1.55 - 2.60 1.05 - 8.48 2005 1,575 1.029 - 1.106 1,724 -- 1.55 - 2.60 1.47 - 6.69 2004 794 1.010 - 1.074 850 -- 1.55 - 2.40 (1.11) - 5.29 Pioneer Small Cap Value VCT 2007 4,166 1.255 - 1.797 6,895 0.51 1.55 - 2.60 (9.58) - (8.60) Subaccount (Class II) 2006 4,228 1.388 - 1.966 7,797 -- 1.55 - 2.60 11.22 - 12.41 2005 2,736 1.248 - 1.749 4,661 -- 1.55 - 2.60 8.39 - 18.16 2004 1,455 1.156 - 1.599 2,314 -- 1.55 - 2.50 3.96 - 19.94 2003 182 1.348 - 1.355 247 -- 1.55 - 2.30 8.00 - 10.49
118 5. FINANCIAL HIGHLIGHTS
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------- ------------------------------------------------ UNIT VALUE(1) INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO NET ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ---------- ------------- ---------------- ----------------- Pioneer Strategic Income VCT 2007 17,800 1.064 - 1.301 22,422 5.15 1.55 - 2.70 3.30 - 4.50 Subaccount (Class II) 2006 15,977 1.030 - 1.245 19,447 5.17 1.55 - 2.70 3.39 - 4.62 2005 13,239 1.060 - 1.190 15,555 5.58 1.55 - 2.60 (0.18) - 1.79 2004 7,013 1.097 - 1.179 8,226 5.63 1.55 - 2.60 0.18 - 8.26 2003 552 1.085 - 1.089 601 2.51 1.55 - 2.10 0.18 - 6.06 Pioneer Value VCT 2007 -- 1.231 - 1.528 -- 2.74 1.55 - 2.60 (0.73) - 0.13 Subaccount (Class II) (c) 2006 4,146 1.240 - 1.526 6,072 0.22 1.55 - 2.60 12.12 - 13.29 2005 3,810 1.106 - 1.347 5,010 0.09 1.55 - 2.60 (0.07) - 6.14 2004 2,559 1.085 - 1.307 3,321 0.04 1.55 - 2.60 0.46 - 11.26 2003 76 1.187 - 1.192 91 0.03 1.55 - 2.10 3.56 - 8.09 Putnam VT International Equity 2007 -- 2.161 - 2.226 -- 2.83 1.55 - 2.30 8.05 - 8.27 Subaccount (Class IB) (a) 2006 356 2.000 - 2.056 724 0.62 1.55 - 2.30 24.77 - 25.75 2005 378 1.603 - 1.635 613 1.38 1.55 - 2.30 9.64 - 10.47 2004 327 1.462 - 1.480 482 1.46 1.55 - 2.30 13.60 - 14.37 2003 73 1.287 - 1.294 95 -- 1.55 - 2.30 7.92 - 13.76 Putnam VT Small Cap Value 2007 -- 1.509 - 2.310 -- 0.55 1.55 - 2.60 6.46 - 6.80 Subaccount (Class IB) (a) 2006 7,589 1.416 - 2.163 14,986 0.32 1.55 - 2.60 14.33 - 15.48 2005 7,439 1.235 - 1.873 12,828 0.14 1.55 - 2.60 0.42 - 10.99 2004 3,522 1.180 - 1.777 6,159 0.06 1.55 - 2.50 3.02 - 25.92 2003 119 1.423 - 1.430 169 -- 1.55 - 2.30 4.84 - 27.62 Van Kampen LIT Comstock 2007 8,374 1.242 - 1.642 12,611 1.58 1.55 - 2.50 (4.73) - (3.86) Subaccount (Class II) 2006 9,180 1.302 - 1.708 14,496 1.27 1.55 - 2.50 13.18 - 14.25 2005 9,419 1.149 - 1.495 13,086 0.64 1.55 - 2.50 1.53 - 5.03 2004 3,433 1.133 - 1.458 4,944 0.31 1.55 - 2.50 3.91 - 15.62 2003 229 1.255 - 1.261 288 -- 1.55 - 2.30 6.90 - 14.05 Van Kampen LIT Enterprise 2007 128 1.463 - 1.501 190 0.15 1.55 - 2.10 10.08 - 10.69 Subaccount (Class II) 2006 130 1.329 - 1.356 175 0.18 1.55 - 2.10 4.56 - 5.20 2005 128 1.271 - 1.289 164 0.46 1.55 - 2.10 5.65 - 6.18 2004 126 1.203 - 1.214 152 0.04 1.55 - 2.10 1.77 - 5.80 2003 21 1.185 - 1.188 25 -- 1.55 - 1.95 2.78 - 5.79
(1) The Company sells a number of variable annuity products which have unique combinations of features and fees that are charged against the contract owner's account balance. Differences in the fee structures result in a variety of unit values, expense ratios, and total returns. (2) These amounts represent the dividends, excluding distributions of capital gains, received by the Subaccount from the underlying portfolio, series, or fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense risk charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The investment income ratio is calculated for each period indicated or from the effective date through the end of the reporting period. The recognition of investment income by the Subaccount is affected by the timing of the declaration of dividends by the underlying portfolio, series, or fund in which the Subaccount invests. (3) These amounts represent the annualized contract expenses of the Separate Account, consisting primarily of mortality and expense risk charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying portfolio, series, or fund have been excluded. (4) These amounts represent the total return for the period indicated, including changes in the value of the underlying portfolio, series, or fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. As the total return is presented as a range of minimum to maximum values, based on the product grouping representing the minimum and maximum expense ratio amounts, some individual contract total returns are not within the ranges presented. (a) For the period January1, 2007 to April 27, 2007. (b) For the period April30, 2007 to December 31, 2007. (c) For the period January1, 2007 to November 9, 2007. (d) For the period November12, 2007 to December 31, 2007. 119 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
AIM V.I. MID CAP CORE EQUITY AIM V.I. UTILITIES AIM V.I. CAPITAL APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERIES II) (SERIES I) (SERIES II) ---------------------------- -------------------- ---------------------------- 2007 2006 2007 2006 2007 (a) 2006 ------------- ------------- ---------- --------- -------------- ------------ Accumulation units beginning of year 1,823,430 1,719,897 1,341,715 1,222,977 4,167,301 3,727,550 Accumulation units issued and transferred from other funding options 329,756 451,093 276,827 381,339 197,560 953,140 Accumulation units redeemed and transferred to other funding options (389,422) (347,560) (348,519) (262,601) (4,364,861) (513,389) --------- --------- --------- --------- ---------- --------- Accumulation units end of year 1,763,764 1,823,430 1,270,023 1,341,715 -- 4,167,301 ========= ========= ========= ========= ========== =========
AMERICAN FUNDS GROWTH CREDIT SUISSE TRUST CREDIT SUISSE TRUST SUBACCOUNT EMERGING MARKETS GLOBAL SMALL CAP (CLASS 2) SUBACCOUNT SUBACCOUNT ---------------------- --------------------- ------------------- 2007 2006 2007 (a) 2006 2007 2006 ---------- ---------- ---------- --------- --------- -------- Accumulation units beginning of year 33,890,233 32,711,932 2,016,848 1,918,047 504,122 447,132 Accumulation units issued and transferred from other funding options 1,867,433 4,297,613 85,397 410,923 81,688 128,585 Accumulation units redeemed and transferred to other funding options (4,630,599) (3,119,312) (2,102,245) (312,122) (163,194) (71,595) ---------- ---------- ---------- --------- -------- ------- Accumulation units end of year 31,127,067 33,890,233 -- 2,016,848 422,616 504,122 ========== ========== ========== ========= ======== =======
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 120
ALGER AMERICAN AMERICAN FUNDS AMERICAN FUNDS LEVERAGED ALLCAP GLOBAL GROWTH GROWTH-INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS S) (CLASS 2) (CLASS 2) --------------------- ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 --------- --------- ---------- ---------- ---------- ---------- Accumulation units beginning of year 1,428,189 967,064 11,327,782 9,664,246 31,309,671 29,867,942 Accumulation units issued and transferred from other funding options 911,453 1,547,142 2,140,353 2,798,905 1,321,568 3,822,444 Accumulation units redeemed and transferred to other funding options (322,625) (1,086,017) (1,693,285) (1,135,369) (3,720,330) (2,380,715) --------- --------- ---------- ---------- ---------- ---------- Accumulation units end of year 2,017,017 1,428,189 11,774,850 11,327,782 28,910,909 31,309,671 ========= ========= ========== ========== ========== ==========
DREYFUS SOCIALLY DREYFUS MIDCAP STOCK RESPONSIBLE GROWTH DREYFUS VIF APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (SERVICE SHARES) (INITIAL SHARES) -------------------- ------------------ ------------------------ 2007 2006 2007 2006 2007 2006 --------- --------- -------- -------- ----------- ---------- Accumulation units beginning of year 3,562,336 3,581,835 239,136 243,937 1,849,997 1,820,257 Accumulation units issued and transferred from other funding options 235,752 473,462 15,376 17,946 56,196 202,190 Accumulation units redeemed and transferred to other funding options (718,512) (492,961) (41,363) (22,747) (222,942) (172,450) --------- --------- ------- ------- --------- --------- Accumulation units end of year 3,079,576 3,562,336 213,149 239,136 1,683,251 1,849,997 ========= ========= ======= ======= ========= =========
121 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
DREYFUS VIF DWS VIT DWS VIT RREEF DEVELOPING LEADERS EQUITY 500 INDEX REAL ESTATE SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (INITIAL SHARES) (CLASS 2) (CLASS B) -------------------- -------------------- ---------------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- --------- --------- --------- Accumulation units beginning of year 6,138,061 5,910,602 4,482,020 4,581,625 2,993,707 3,081,435 Accumulation units issued and transferred from other funding options 457,307 856,650 1,007,274 130,897 483,792 327,513 Accumulation units redeemed and transferred to other funding options (643,095) (629,191) (775,159) (230,502) (596,051) (415,241) --------- --------- --------- --------- --------- --------- Accumulation units end of year 5,952,273 6,138,061 4,714,135 4,482,020 2,881,448 2,993,707 ========= ========= ========= ========= ========= =========
DWSI CAPITAL GROWTH DWSI GROWTH & INCOME DWSI HEALTH CARE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- -------------------- -------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- --------- --------- --------- --------- Accumulation units beginning of year 6,117,071 3,508,968 5,105,253 3,621,286 2,070,255 2,153,075 Accumulation units issued and transferred from other funding options 711,649 3,653,924 174,110 2,302,701 232,949 211,313 Accumulation units redeemed and transferred to other funding options (1,321,570) (1,045,821) (732,048) (818,734) (268,203) (294,133) ---------- ---------- --------- --------- --------- --------- Accumulation units end of year 5,507,150 6,117,071 4,547,315 5,105,253 2,035,001 2,070,255 ========== ========== ========= ========= ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 122
DWSI GLOBAL OPPORTUNITIES DWSII BALANCED DWSI BOND SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ------------------------- -------------------- ---------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- --------- ------- ------- Accumulation units beginning of year 1,695,520 1,725,554 3,358,797 3,988,934 164,445 51,780 Accumulation units issued and transferred from other funding options 320,112 245,891 70,012 275,420 813,413 122,831 Accumulation units redeemed and transferred to other funding options (235,379) (275,925) (431,750) (905,557)(469,823) (10,166) --------- --------- --------- --------- -------- ------- Accumulation units end of year 1,780,253 1,695,520 2,997,059 3,358,797 508,035 164,445 ========= ========= ========= ========= ======== =======
DWSII INTERNATIONAL DWSII STRATEGIC INCOME DWSII BLUE CHIP SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) -------------------- ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 --------- --------- ---------- ---------- ---------- ---------- Accumulation units beginning of year 2,931,211 1,832,877 4,484,148 4,406,818 3,736,156 3,864,532 Accumulation units issued and transferred from other funding options 284,221 1,625,828 853,117 1,091,893 1,405,123 1,606,502 Accumulation units redeemed and transferred to other funding options (389,782) (527,494) (1,231,652) (1,014,563) (1,412,470) (1,734,878) --------- --------- ---------- ---------- ---------- ---------- Accumulation units end of year 2,825,650 2,931,211 4,105,613 4,484,148 3,728,809 3,736,156 ========= ========= ========== ========== ========== ==========
123 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
DWSII DWSII DWSII CONSERVATIVE ALLOCATION CORE FIXED INCOME DAVIS VENTURE VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ----------------------- --------------------- -------------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- ---------- --------- --------- Accumulation units beginning of year 9,736,937 6,415,915 6,082,456 6,450,173 6,525,305 6,218,858 Accumulation units issued and transferred from other funding options 567,570 4,304,151 775,746 640,305 924,969 1,197,184 Accumulation units redeemed and transferred to other funding options (996,457) (983,129) (425,863) (1,008,022) (740,426) (890,737) --------- --------- --------- ---------- --------- --------- Accumulation units end of year 9,308,050 9,736,937 6,432,339 6,082,456 6,709,848 6,525,305 ========= ========= ========= ========== ========= =========
DWSII GOVERNMENT & AGENCY SECURITIES DWSII GROWTH ALLOCATION DWSII HIGH INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) --------------------- ----------------------- --------------------- 2007 2006 2007 2006 2007 2006 ---------- --------- ----------- ---------- ---------- --------- Accumulation units beginning of year 1,536,570 1,465,842 15,020,557 15,355,054 4,371,814 4,575,042 Accumulation units issued and transferred from other funding options 2,894,350 361,115 199,607 1,733,154 657,422 645,706 Accumulation units redeemed and transferred to other funding options (3,022,995) (290,387) (1,475,840) (2,067,651) (1,153,008) (848,934) ---------- --------- ---------- ---------- ---------- --------- Accumulation units end of year 1,407,925 1,536,570 13,744,324 15,020,557 3,876,228 4,371,814 ========== ========= ========== ========== ========== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 124
DWSII DREMAN DWSII DREMAN DWSII HIGH RETURN EQUITY SMALL MID CAP VALUE GLOBAL THEMATIC SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- -------------------- -------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- --------- --------- --------- --------- Accumulation units beginning of year 12,289,457 8,634,012 4,782,849 4,743,295 2,262,472 1,911,607 Accumulation units issued and transferred from other funding options 940,231 4,577,342 346,432 709,429 551,390 668,695 Accumulation units redeemed and transferred to other funding options (1,517,394) (921,897) (927,452) (669,875) (384,106) (317,830) ---------- ---------- --------- --------- --------- --------- Accumulation units end of year 11,712,294 12,289,457 4,201,829 4,782,849 2,429,756 2,262,472 ========== ========== ========= ========= ========= =========
DWSII INTERNATIONAL DWSII DWSII SELECT EQUITY JANUS GROWTH & INCOME LARGE CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) -------------------- --------------------- ------------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- --------- -------- --------- Accumulation units beginning of year 2,720,551 2,731,496 1,761,679 1,755,072 2,093,220 2,178,193 Accumulation units issued and transferred from other funding options 813,826 441,196 105,964 323,340 286,392 98,580 Accumulation units redeemed and transferred to other funding options (539,971) (452,141) (324,216) (316,733) (286,739) (183,553) --------- --------- --------- --------- --------- --------- Accumulation units end of year 2,994,406 2,720,551 1,543,427 1,761,679 2,092,873 2,093,220 ========= ========= ========= ========= ========= =========
125 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
DWSII MID CAP GROWTH DWSII MODERATE ALLOCATION DWSII MONEY MARKET SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) -------------------- ------------------------- ---------------------- 2007 2006 2007 2006 2007 2006 -------- -------- ---------- ---------- ---------- ---------- Accumulation units beginning of year 619,590 535,680 14,480,930 14,105,725 4,881,772 3,008,146 Accumulation units issued and transferred from other funding options 218,719 190,825 684,692 1,990,699 9,539,157 7,382,314 Accumulation units redeemed and transferred to other funding options (203,132) (106,915) (1,272,031) (1,615,494) (9,810,312) (5,508,688) -------- -------- ---------- ---------- ---------- ---------- Accumulation units end of year 635,177 619,590 13,893,591 14,480,930 4,610,617 4,881,772 ======== ======== ========== ========== ========== ==========
FIDELITY VIP FIDELITY VIP DYNAMIC FIDELITY VIP CONTRAFUND CAPITAL APPRECIATION MID CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS 2) (SERVICE CLASS 2) (SERVICE CLASS 2) ---------------------- -------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- -------- --------- ---------- ---------- Accumulation units beginning of year 13,276,383 11,558,934 987,639 1,019,630 13,668,604 12,661,865 Accumulation units issued and transferred from other funding options 1,624,741 2,663,803 144,271 183,819 1,197,289 2,294,370 Accumulation units redeemed and transferred to other funding options (1,419,773) (946,354) (218,941) (215,810) (1,677,846) (1,287,631) ---------- ---------- -------- -------- ---------- ---------- Accumulation units end of year 13,481,351 13,276,383 912,969 987,639 13,188,047 13,668,604 ========== ========== ======== ======== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 126
DWSII TURNER DWSII SMALL CAP GROWTH DWSII TECHNOLOGY MID CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- -------------------- -------------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- --------- --------- --------- Accumulation units beginning of year 2,351,746 2,131,360 1,004,327 1,127,295 1,459,226 1,467,222 Accumulation units issued and transferred from other funding options 423,475 443,283 447,411 138,566 233,208 163,309 Accumulation units redeemed and transferred to other funding options (430,265) (222,897) (292,449) (261,534) (236,341) (171,305) --------- --------- --------- --------- --------- --------- Accumulation units end of year 2,344,956 2,351,746 1,159,289 1,004,327 1,456,093 1,459,226 ========= ========= ========= ========= ========= =========
FTVIPT FRANKLIN FTVIPT FRANKLIN SMALL MID-CAP FTVIPT TEMPLETON RISING DIVIDENDS SECURITIES GROWTH SECURITIES DEVELOPING MARKETS SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) --------------------------- -------------------- ----------------------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- --------- ----------- ----------- Accumulation units beginning of year 9,631,983 8,404,286 3,318,352 2,841,043 5,399,345 4,916,065 Accumulation units issued and transferred from other funding options 1,815,168 2,400,678 1,606,442 1,028,179 1,157,528 1,529,889 Accumulation units redeemed and transferred to other funding options (2,007,015) (1,172,981) (602,041) (550,870) (1,300,557) (1,046,609) ---------- ---------- --------- --------- ---------- ---------- Accumulation units end of year 9,440,136 9,631,983 4,322,753 3,318,352 5,256,316 5,399,345 ========== ========== ========= ========= ========== ==========
127 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
FTVIPT JANUS ASPEN JANUS ASPEN TEMPLETON FOREIGN SECURITIES GLOBAL LIFE SCIENCES GLOBAL TECHNOLOGY SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (SERVICE SHARES) (SERVICE SHARES) ---------------------------- -------------------- ------------------ 2007 2006 2007 2006 2007 2006 ------------- ------------- --------- --------- --------- ------- Accumulation units beginning of year 10,416,476 9,400,022 155,572 157,194 659,196 535,707 Accumulation units issued and transferred from other funding options 1,966,388 2,442,002 40,398 1,816 956,872 199,091 Accumulation units redeemed and transferred to other funding options (2,201,869) (1,425,548) (29,110) (3,438) (57,413) (75,602) ---------- ---------- ------- ------- --------- ------- Accumulation units end of year 10,180,995 10,416,476 166,860 155,572 1,558,655 659,196 ========== ========== ======= ======= ========= =======
LMPVET APPRECIATION LMPVET EQUITY INDEX LMPVET FUNDAMENTAL VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS II) (CLASS I) ------------------- --------------------- ------------------------ 2007 (b) 2006 2007 2006 2007 (b) 2006 ---------- ---- --------- ---------- ------------ ------- Accumulation units beginning of year -- -- 9,129,895 9,143,966 -- -- Accumulation units issued and transferred from other funding options 1,184,416 -- 499,090 1,086,227 3,037,012 -- Accumulation units redeemed and transferred to other funding options (112,861) -- (970,744) (1,100,298) (131,245) -- --------- --- --------- --------- --------- --- Accumulation units end of year 1,071,555 -- 8,658,241 9,129,895 2,905,767 -- ========= === ========= ========= ========= ===
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 128
JANUS ASPEN LMPVET LMPVET WORLDWIDE GROWTH AGGRESSIVE GROWTH AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (CLASS I) (CLASS II) ---------------- ----------------- ----------------- 2007 2006 2007 (b) 2006 2007 (b) 2006 ------- ------- --------- ---- --------- ---- Accumulation units beginning of year 163,227 164,893 -- -- -- -- Accumulation units issued and transferred from other funding options 37,029 3,522 5,720,120 -- 5,163,546 -- Accumulation units redeemed and transferred to other funding options (24,133) (5,188) (868,227) -- (415,709) -- ------- ------- --------- --- --------- --- Accumulation units end of year 176,123 163,227 4,851,893 -- 4,747,837 -- ======= ======= ========= === ========= ===
LMPVET INVESTORS LMPVET LARGE CAP GROWTH LMPVET SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (CLASS I) -------------------- ----------------------- ----------------------- 2007 2006 2007 (b) 2006 2007 2006 --------- --------- ------------ --------- ----------- ---------- Accumulation units beginning of year 1,947,674 1,832,284 -- -- 2,869,723 2,879,621 Accumulation units issued and transferred from other funding options 54,645 292,625 1,985,499 -- 118,818 471,394 Accumulation units redeemed and transferred to other funding options (93,696) (177,235) (173,480) -- (325,682) (481,292) --------- --------- --------- --- --------- --------- Accumulation units end of year 1,908,623 1,947,674 1,812,019 -- 2,662,859 2,869,723 --------- --------- --------- --- --------- ---------
129 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
LMPVET LMPVPI ALL CAP LMPVPI ALL CAP SOCIAL AWARENESS SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS II) ---------------- --------------------- ----------------- 2007 2006 2007 (a) 2006 2007 (a) 2006 ------- ------- ---------- --------- -------- ------- Accumulation units beginning of year 815,931 726,696 2,869,332 2,873,516 188,198 22,789 Accumulation units issued and transferred from other funding options 16,208 108,865 19,736 154,965 17,716 166,677 Accumulation units redeemed and transferred to other funding options (9,359) (19,630) (2,889,068) (159,149) (205,914) (1,268) ------- ------- ---------- --------- -------- ------- Accumulation units end of year 822,780 815,931 -- 2,869,332 -- 188,198 ======= ======= ========== ========= ======== =======
LMPVPII LMPVET AGGRESSIVE GROWTH CAPITAL AND INCOME LMPVIT SUBACCOUNT SUBACCOUNT ADJUSTABLE RATE INCOME (CLASS II) (CLASS II) SUBACCOUNT --------------------- ------------------ ---------------------- 2007 (a) 2006 2007 (b) 2006 2007 2006 ---------- --------- --------- ---- --------- ----------- Accumulation units beginning of year 4,745,180 3,680,636 -- -- 2,894,867 3,439,397 Accumulation units issued and transferred from other funding options 296,482 1,608,782 3,884,299 -- 111,567 989,908 Accumulation units redeemed and transferred to other funding options (5,041,662) (544,238) (263,670) -- (605,303) (1,534,438) ---------- --------- --------- ---- --------- ----------- Accumulation units end of year -- 4,745,180 3,620,629 -- 2,401,131 2,894,867 ========== ========= ========= ==== ========= ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 130
LMPVPII LMPVPI LMPVPII GROWTH AND INCOME LARGE CAP GROWTH AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (CLASS I) --------------------- --------------------- --------------------- 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 ---------- --------- ---------- --------- ---------- --------- Accumulation units beginning of year 1,170,026 1,150,610 2,012,091 2,072,507 5,658,321 5,529,157 Accumulation units issued and transferred from other funding options 19,254 73,093 38,411 234,618 180,607 821,206 Accumulation units redeemed and transferred to other funding options (1,189,280) (53,677) (2,050,502) (295,034) (5,838,928) (692,042) ---------- --------- ---------- --------- ---------- --------- Accumulation units end of year -- 1,170,026 -- 2,012,091 -- 5,658,321 ========== ========= ========== ========= ========== =========
LORD ABBETT LORD ABBETT LMPVPI TOTAL RETURN GROWTH AND INCOME MID-CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS VC) (CLASS VC) --------------------- ---------------------- ---------------------- 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 ---------- --------- ----------- --------- ---------- ---------- Accumulation units beginning of year 3,314,367 2,171,929 9,932,005 9,338,526 7,690,373 8,163,451 Accumulation units issued and transferred from other funding options 228,874 1,371,443 124,553 1,233,150 118,079 816,651 Accumulation units redeemed and transferred to other funding options (3,543,241) (229,005) (10,056,558) (639,671) (7,808,452) (1,289,729) ---------- --------- ----------- --------- ---------- ---------- Accumulation units end of year -- 3,314,367 -- 9,932,005 -- 7,690,373 ========== ========= =========== ========= ========== ==========
131 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
MIST BATTERYMARCH MIST BLACKROCK MIST BLACKROCK MID-CAP STOCK HIGH YIELD LARGE-CAP CORE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS E) -------------------- --------------------- --------------- 2007 2006 2007 2006 2007 (b) 2006 --------- --------- ---------- --------- --------- ---- Accumulation units beginning of year 3,216,940 -- 4,113,595 -- -- -- Accumulation units issued and transferred from other funding options 193,746 3,363,071 6,208,300 4,343,746 3,125,272 -- Accumulation units redeemed and transferred to other funding options (298,598) (146,131) (1,194,377) (230,151) (539,006) -- --------- --------- --------- --------- --------- --- Accumulation units end of year 3,112,088 3,216,940 9,127,518 4,113,595 2,586,266 -- ========= ========= ========= ========= ========= ===
MIST LEGG MASON PARTNERS MIST JANUS FORTY MIST LAZARD MID-CAP MANAGED ASSETS SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) -------------------- ------------------- ------------------------ 2007 2006 2007 (b) 2006 2007 2006 --------- --------- --------- ---- --------- --------- Accumulation units beginning of year 5,188,079 -- -- -- 3,675,447 -- Accumulation units issued and transferred from other funding options 566,824 5,762,736 401,107 -- 118,770 3,943,353 Accumulation units redeemed and transferred to other funding options (594,085) (574,657) (16,058) -- (211,594) (267,906) --------- --------- ------- --- --------- --------- Accumulation units end of year 5,160,818 5,188,079 385,049 -- 3,582,623 3,675,447 ========= ========= ======= === ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 132
MIST BLACKROCK MIST DREMAN MIST HARRIS OAKMARK LARGE-CAP CORE SMALL-CAP VALUE INTERNATIONAL SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS A) --------------------- ------------------ -------------------- 2007 (a) 2006 2007 2006 2007 2006 ---------- --------- -------- -------- --------- --------- Accumulation units beginning of year 3,099,244 -- 275,512 -- 3,322,398 -- Accumulation units issued and transferred from other funding options 16,857 3,302,279 316,207 381,716 1,429,651 3,611,302 Accumulation units redeemed and transferred to other funding options (3,116,101) (203,035) (211,038) (106,204) (803,285) (288,904) ---------- --------- -------- -------- --------- --------- Accumulation units end of year -- 3,099,244 380,681 275,512 3,948,764 3,322,398 ========== ========= ======== ======== ========= =========
MIST LORD ABBETT MIST LORD ABBETT MIST LORD ABBETT BOND DEBENTURE GROWTH AND INCOME MID-CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS B) --------------------- ---------------------- ------------------- 2007 2006 2007 2006 2007 2006 ---------- --------- ---------- ---------- ---------- ------- Accumulation units beginning of year 3,146,161 -- 14,275,553 -- 99,669 -- Accumulation units issued and transferred from other funding options 576,718 3,433,474 14,856,127 14,993,449 12,918,221 108,274 Accumulation units redeemed and transferred to other funding options (756,597) (287,313) (3,109,457) (717,896) (1,378,605) (8,605) --------- --------- ---------- ---------- ---------- ------ Accumulation units end of year 2,966,282 3,146,161 26,022,223 14,275,553 11,639,285 99,669 ========= ========= ========== ========== ========== ======
133 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
MIST MET/AIM MIST MET/AIM MIST MET/AIM CAPITAL APPRECIATION CAPITAL APPRECIATION SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS E) (CLASS A) -------------------- -------------------- ----------------- 2007 2006 2007 (b) 2006 2007 2006 --------- --------- --------- ---- -------- ------- Accumulation units beginning of year 2,015,446 -- -- -- 151,251 -- Accumulation units issued and transferred from other funding options 86,651 2,139,092 4,971,536 -- 314,696 154,551 Accumulation units redeemed and transferred to other funding options (167,318) (123,646) (512,247) -- (146,233) (3,300) --------- --------- --------- --- ------- ------- Accumulation units end of year 1,934,779 2,015,446 4,459,289 -- 319,714 151,251 ========= ========= ========= === ======= =======
MIST NEUBERGER BERMAN MIST OPPENHEIMER MIST PIMCO REAL ESTATE CAPITAL APPRECIATION INFLATION PROTECTED BOND SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) ---------------------- --------------------- ------------------------ 2007 2006 2007 2006 2007 (b) 2006 ---------- ---------- ---------- --------- ---------- ---- Accumulation units beginning of year 14,706,355 -- 5,583,958 -- -- -- Accumulation units issued and transferred from other funding options 1,900,596 16,175,653 1,593,063 6,236,033 11,241,613 -- Accumulation units redeemed and transferred to other funding options (3,856,920) (1,469,298) (1,140,259) (652,075) (1,096,790) -- ---------- ---------- ---------- --------- ---------- --- Accumulation units end of year 12,750,031 14,706,355 6,036,762 5,583,958 10,144,823 -- ========== ========== ========== ========= ========== ===
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 134
MIST MFS EMERGING MIST MFS RESEARCH MARKETS EQUITY INTERNATIONAL MIST MFS VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) ----------------- ----------------- -------------------- 2007 (b) 2006 2007 (b) 2006 2007 2006 --------- ---- -------- ---- --------- --------- Accumulation units beginning of year -- -- -- -- 5,844,597 -- Accumulation units issued and transferred from other funding options 2,153,591 -- 937,540 -- 1,441,701 6,289,699 Accumulation units redeemed and transferred to other funding options (322,705) -- (39,259) -- (974,994) (445,102) --------- --- ------- --- --------- --------- Accumulation units end of year 1,830,886 -- 898,281 -- 6,311,304 5,844,597 ========= === ======= === ========= =========
MIST PIONEER MIST PIONEER MIST PIONEER FUND MID-CAP VALUE STRATEGIC INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS A) ----------------- ---------------- -------------------- 2007 2006 2007 (a) 2006 2007 2006 ------- ------- -------- ------ --------- --------- Accumulation units beginning of year 915,160 -- 403,004 -- 7,966,865 -- Accumulation units issued and transferred from other funding options 67,103 936,567 7,134 444,589 939,399 8,557,312 Accumulation units redeemed and transferred to other funding options (272,490) (21,407) (410,138) (41,585) (952,979) (590,447) -------- ------- -------- ------- --------- --------- Accumulation units end of year 709,773 915,160 -- 403,004 7,953,285 7,966,865 ======== ======= ======== ======= ========= =========
135 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
MIST THIRD AVENUE MSF BLACKROCK MSF BLACKROCK SMALL CAP VALUE AGGRESSIVE GROWTH BOND INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS D) (CLASS A) ---------------------- -------------------- -------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- --------- --------- --------- --------- Accumulation units beginning of year 11,792,862 -- 3,413,185 -- 7,798,698 -- Accumulation units issued and transferred from other funding options 15,734,507 12,210,404 392,831 3,578,209 737,988 8,462,148 Accumulation units redeemed and transferred to other funding options (3,600,075) (417,542) (387,135) (165,024) (816,797) (663,450) ---------- ---------- --------- --------- --------- --------- Accumulation units end of year 23,927,294 11,792,862 3,418,881 3,413,185 7,719,889 7,798,698 ========== ========== ========= ========= ========= =========
MSF METLIFE MSF METLIFE MSF METLIFE CONSERVATIVE TO AGGRESSIVE ALLOCATION CONSERVATIVE ALLOCATION MODERATE ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) --------------------- ----------------------- --------------------- 2007 2006 2007 2006 2007 2006 ---------- --------- ---------- ----------- --------- ---------- Accumulation units beginning of year 1,576,664 -- 2,592,542 -- 1,853,011 -- Accumulation units issued and transferred from other funding options 569,918 1,713,712 847,935 2,641,429 3,144,748 1,952,711 Accumulation units redeemed and transferred to other funding options (219,409) (137,048) (834,669) (48,887) (1,336,214) (99,700) --------- --------- --------- --------- ---------- --------- Accumulation units end of year 1,927,173 1,576,664 2,605,808 2,592,542 3,661,545 1,853,011 ========= ========= ========= ========= ========== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 136
MSF BLACKROCK MONEY MARKET MSF FI LARGE CAP MSF FI VALUE LEADERS SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS D) -------------------------- -------------------- --------------------- 2007 2006 2007 2006 2007 2006 ----------- ----------- --------- --------- --------- ---------- Accumulation units beginning of year 22,531,235 -- 3,768,467 -- 7,805,775 -- Accumulation units issued and transferred from other funding options 34,307,877 34,590,620 113,449 3,952,303 470,362 8,124,164 Accumulation units redeemed and transferred to other funding options (24,040,617) (12,059,385) (405,727) (183,836) (624,559) (318,389) ----------- ----------- --------- --------- --------- --------- Accumulation units end of year 32,798,495 22,531,235 3,476,189 3,768,467 7,651,578 7,805,775 =========== =========== ========= ========= ========= =========
MSF METLIFE MSF METLIFE MODERATE TO MODERATE ALLOCATION AGGRESSIVE ALLOCATION MSF MFS TOTAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- --------------------- --------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- --------- ---------- --------- Accumulation units beginning of year 10,582,466 -- 6,708,557 -- 3,929,278 -- Accumulation units issued and transferred from other funding options 2,471,387 11,263,109 1,679,272 7,282,341 1,590,076 4,242,002 Accumulation units redeemed and transferred to other funding options (1,293,116) (680,643) (2,184,319) (573,784) (486,637) (312,724) ---------- ---------- ---------- --------- --------- --------- Accumulation units end of year 11,760,737 10,582,466 6,203,510 6,708,557 5,032,717 3,929,278 ========== ========== ========== ========= ========= =========
137 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
MSF OPPENHEIMER MSF T. ROWE PRICE MSF MFS TOTAL RETURN GLOBAL EQUITY LARGE CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS F) (CLASS B) (CLASS B) ---------------------- ---------------------- ------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- ---------- -------- --------- Accumulation units beginning of year 25,722,813 -- 33,479,697 -- 2,365,014 -- Accumulation units issued and transferred from other funding options 1,167,773 27,356,393 2,303,702 36,311,128 224,399 2,635,279 Accumulation units redeemed and transferred to other funding options (2,469,417) (1,633,580) (5,356,933) (2,831,431) (199,525) (270,265) ---------- ---------- ---------- ---------- --------- --------- Accumulation units end of year 24,421,169 25,722,813 30,426,466 33,479,697 2,389,888 2,365,014 ========== ========== ========== ========== ========= =========
PIMCO VIT TOTAL RETURN PIONEER AMERICA INCOME VCT PIONEER BOND VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (ADMINISTRATIVE CLASS) (CLASS II) (CLASS II) ---------------------- -------------------------- ---------------- 2007 2006 2007 (c) 2006 2007 (d) 2006 ---------- ---------- ----------- ---------- --------- ---- Accumulation units beginning of year 24,626,133 22,715,127 8,438,521 7,378,651 -- -- Accumulation units issued and transferred from other funding options 2,349,273 3,933,547 3,663,714 3,095,937 9,125,288 -- Accumulation units redeemed and transferred to other funding options (3,140,604) (2,022,541) (12,102,235) (2,036,067) (227,940) -- ---------- ---------- ----------- ---------- --------- --- Accumulation units end of year 23,834,802 24,626,133 -- 8,438,521 8,897,348 -- ========== ========== =========== ========== ========= ===
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 138
MSF WESTERN ASSET MSF WESTERN ASSET MANAGEMENT MANAGEMENT PIMCO VIT HIGH YIELD BOND U.S. GOVERNMENT REAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (ADMINISTRATIVE CLASS) --------------------- --------------------- ------------------------ 2007 (a) 2006 2007 2006 2007 (a) 2006 ---------- --------- ---------- --------- ----------- ----------- Accumulation units beginning of year 6,376,927 -- 5,917,674 -- 10,339,811 9,966,865 Accumulation units issued and transferred from other funding options 376,308 6,932,418 635,895 6,558,211 477,387 1,820,158 Accumulation units redeemed and transferred to other funding options (6,753,235) (555,491) (1,162,059) (640,537) (10,817,198) (1,447,212) ---------- -------- ---------- --------- ----------- ---------- Accumulation units end of year -- 6,376,927 5,391,510 5,917,674 -- 10,339,811 ========== ======== ========== ========= =========== ==========
PIONEER EMERGING PIONEER CULLEN VALUE VCT MARKETS VCT PIONEER EQUITY INCOME VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------ -------------------- ------------------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- --------- ---------- ----------- Accumulation units beginning of year 4,297,206 1,317,687 3,672,536 2,673,916 7,097,228 5,593,506 Accumulation units issued and transferred from other funding options 2,431,693 3,347,734 1,120,206 1,638,593 1,882,074 2,656,143 Accumulation units redeemed and transferred to other funding options (380,226) (368,215) (758,750) (639,973) (1,384,548) (1,152,421) --------- --------- --------- --------- ---------- ---------- Accumulation units end of year 6,348,673 4,297,206 4,033,992 3,672,536 7,594,754 7,097,228 ========= ========= ========= ========= ========== ==========
139 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
PIONEER EQUITY OPPORTUNITY VCT PIONEER FUND VCT PIONEER GLOBAL HIGH YIELD VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------ --------------------- ----------------------------- 2007 (c) 2006 2007 2006 2007 2006 -------- -------- ---------- --------- ---------- --------- Accumulation units beginning of year 157,920 29,930 6,574,991 5,875,325 3,094,636 670,475 Accumulation units issued and transferred from other funding options 643,206 145,078 4,960,574 1,441,436 2,052,285 2,877,657 Accumulation units redeemed and transferred to other funding options (801,126) (17,088) (915,105) (741,770) (616,505) (453,496) -------- ------- ---------- --------- --------- --------- Accumulation units end of year -- 157,920 10,620,460 6,574,991 4,530,416 3,094,636 ======== ======= ========== ========= ========= =========
PIONEER IBBOTSON PIONEER INTERNATIONAL MODERATE ALLOCATION VCT PIONEER INDEPENDENCE VCT VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------- ------------------------ --------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- --------- --------- --------- Accumulation units beginning of year 33,497,696 4,662,565 1,389,954 1,184,218 2,234,002 873,269 Accumulation units issued and transferred from other funding options 19,312,093 29,480,619 497,153 343,955 1,190,952 1,498,574 Accumulation units redeemed and transferred to other funding options (4,477,681) (645,488) (183,413) (138,219) (729,634) (137,841) ---------- ---------- --------- --------- --------- --------- Accumulation units end of year 48,332,108 33,497,696 1,703,694 1,389,954 2,695,320 2,234,002 ========== ========== ========= ========= ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 140
PIONEER IBBOTSON PIONEER IBBOTSON PIONEER HIGH YIELD VCT AGGRESSIVE ALLOCATION VCT GROWTH ALLOCATION VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ---------------------- ------------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ------------ ----------- ---------- ---------- Accumulation units beginning of year 11,739,167 8,125,948 3,636,672 1,079,371 55,528,247 4,438,944 Accumulation units issued and transferred from other funding options 5,048,767 6,964,538 912,353 2,604,253 41,954,885 52,273,408 Accumulation units redeemed and transferred to other funding options (6,430,691) (3,351,319) (145,293) (46,952) (5,796,944) (1,184,105) ---------- ---------- --------- --------- ---------- ---------- Accumulation units end of year 10,357,243 11,739,167 4,403,732 3,636,672 91,686,188 55,528,247 ========== ========== ========= ========= ========== ==========
PIONEER OAK RIDGE PIONEER REAL ESTATE PIONEER MID CAP VALUE VCT LARGE CAP GROWTH VCT SHARES VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------- ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ----------- ----------- ---------- ---------- ---------- ---------- Accumulation units beginning of year 5,977,757 5,101,198 4,895,868 3,981,959 4,536,822 3,539,719 Accumulation units issued and transferred from other funding options 1,577,586 1,997,504 1,142,360 1,981,145 1,111,440 1,711,288 Accumulation units redeemed and transferred to other funding options (1,192,980) (1,120,945) (1,154,178) (1,067,236) (1,600,366) (714,185) ---------- ---------- ---------- ---------- ---------- --------- Accumulation units end of year 6,362,363 5,977,757 4,884,050 4,895,868 4,047,896 4,536,822 ========== ========== ========== ========== ========== =========
141 6. SCHEDULES OF ACCUMULATION UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
PIONEER SMALL AND MID CAP GROWTH VCT PIONEER SMALL CAP VALUE VCT PIONEER STRATEGIC INCOME VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------- --------------------------- ---------------------------- 2007 (c) 2006 2007 2006 2007 2006 ---------- --------- --------- --------- ---------- ---------- Accumulation units beginning of year 1,958,429 1,574,787 4,227,642 2,736,236 15,976,603 13,239,389 Accumulation units issued and transferred from other funding options 575,778 467,306 708,121 2,141,083 4,568,930 4,938,561 Accumulation units redeemed and transferred to other funding options (2,534,207) (83,664) (769,442) (649,677) (2,745,238) (2,201,347) ---------- --------- --------- --------- ---------- ---------- Accumulation units end of year -- 1,958,429 4,166,321 4,227,642 17,800,295 15,976,603 ========== ========= ========= ========= ========== ==========
VAN KAMPEN LIT COMSTOCK VAN KAMPEN LIT ENTERPRISE SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ----------------------- ------------------------- 2007 2006 2007 2006 ---------- ---------- ------- ------- Accumulation units beginning of year 9,180,155 9,419,284 130,233 128,454 Accumulation units issued and transferred from other funding options 711,896 829,323 3,027 4,219 Accumulation units redeemed and transferred to other funding options (1,518,296) (1,068,452) (5,098) (2,440) ---------- ---------- ------- ------- Accumulation units end of year 8,373,755 9,180,155 128,162 130,233 ========== ========== ======= =======
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 142
PIONEER VALUE VCT PUTNAM VT INTERNATIONAL EQUITY PUTNAM VT SMALL CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS IB) (CLASS IB) --------------------- ------------------------------ ------------------------- 2007 (c) 2006 2007 (a) 2006 2007 (a) 2006 ---------- --------- -------- ------- ---------- --------- Accumulation units beginning of year 4,145,657 3,810,379 355,928 377,849 7,588,935 7,438,554 Accumulation units issued and transferred from other funding options 427,838 790,341 936 26,406 75,921 968,543 Accumulation units redeemed and transferred to other funding options (4,573,495) (455,063) (356,864) (48,327) (7,664,856) (818,162) ---------- --------- -------- ------- ---------- --------- Accumulation units end of year -- 4,145,657 -- 355,928 -- 7,588,935 ========== ========= ======== ======= ========== =========
143 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Contract Owners of MetLife of CT Separate Account Nine for Variable Annuities and the Board of Directors of MetLife Insurance Company of Connecticut: We have audited the accompanying statements of assets and liabilities of MetLife of CT Separate Account Nine for Variable Annuities (the "Separate Account") of MetLife Insurance Company of Connecticut (the "Company") comprising each of the individual Subaccounts listed in Appendix A as of December 31, 2007, and the related statements of operations for the periods presented in the year then ended, and the statements of changes in net assets for each of the periods presented in the two years then ended. We have also audited the statements of operations for the periods presented in the year ended December 31, 2007, and the statements of changes in net assets for each of the periods presented in the two years then ended for each of the individual Subaccounts listed in Appendix B. These financial statements are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements based on our audits. The financial highlights of the Separate Account included in Note 5 for the periods in the two years ended December 31, 2004, were audited by other auditors whose report, dated March 21, 2005, expressed an unqualified opinion on those financial highlights. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Separate Account is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Separate Account's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2007, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of each of the Subaccounts constituting the Separate Account of the Company as of December 31, 2007, the results of their operations for the periods presented in the year then ended, and the changes in their net assets for each of the periods presented in the two years then ended, in conformity with accounting principles generally accepted in the United States of America. /s/ DELOITTE & TOUCHE LLP Certified Public Accountants Tampa, FL March 24, 2008 APPENDIX A AIM V.I. Mid Cap Core Equity Subaccount (Series II) American Funds Global Growth Subaccount (Class 2) American Funds Growth Subaccount (Class 2) American Funds Growth-Income Subaccount (Class 2) Dreyfus VIF Appreciation Subaccount (Initial Shares) Dreyfus VIF Developing Leaders Subaccount (Initial Shares) Fidelity VIP Contrafund Subaccount (Service Class 2) Fidelity VIP Contrafund Subaccount (Service Class) Fidelity VIP Dynamic Capital Appreciation Subaccount (Service Class 2) Fidelity VIP Mid Cap Subaccount (Service Class 2) FTVIPT Franklin Income Securities Subaccount (Class 2) FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) FTVIPT Templeton Foreign Securities Subaccount (Class 2) Janus Aspen Global Life Sciences Subaccount (Service Shares) Janus Aspen Global Technology Subaccount (Service Shares) Janus Aspen Mid Cap Growth Subaccount (Service Shares) Janus Aspen Worldwide Growth Subaccount (Service Shares) LMPVET Aggressive Growth Subaccount (Class I) LMPVET Aggressive Growth Subaccount (Class II) LMPVET Appreciation Subaccount (Class I) LMPVET Appreciation Subaccount (Class II) LMPVET Capital Subaccount LMPVET Dividend Strategy Subaccount LMPVET Equity Index Subaccount (Class II) LMPVET Fundamental Value Subaccount (Class I) LMPVET Global Equity Subaccount LMPVET International All Cap Opportunity Subaccount LMPVET Investors Subaccount (Class I) LMPVET Large Cap Growth Subaccount (Class I) LMPVET Mid Cap Core Subaccount (Class I) LMPVET Small Cap Growth Subaccount (Class I) LMPVET Social Awareness Subaccount LMPVET Capital and Income Subaccount (Class II) LMPVIT Adjustable Rate Income Subaccount LMPVIT Diversified Strategic Income Subaccount LMPVIT High Income Subaccount LMPVIT Money Market Subaccount MIST Batterymarch Mid-Cap Stock Subaccount (Class A) MIST BlackRock High Yield Subaccount (Class A) MIST BlackRock Large-Cap Core Subaccount (Class E) MIST Dreman Small-Cap Value Subaccount (Class A) MIST Harris Oakmark International Subaccount (Class A) MIST Janus Forty Subaccount (Class A) MIST Lazard Mid-Cap Subaccount (Class B) MIST Legg Mason Partners Managed Assets Subaccount (Class A) MIST Lord Abbett Bond Debenture Subaccount (Class A) MIST Lord Abbett Growth and Income Subaccount (Class B) MIST Lord Abbett Mid-Cap Value Subaccount (Class B) MIST Met/AIM Capital Appreciation Subaccount (Class A) MIST Met/AIM Capital Appreciation Subaccount (Class E) MIST Met/AIM Small Cap Growth Subaccount (Class A) MIST MFS Emerging Markets Equity Subaccount (Class A) MIST MFS Research International Subaccount (Class B) MIST MFS Value Subaccount (Class A) MIST Neuberger Berman Real Estate Subaccount (Class A) MIST Oppenheimer Capital Appreciation Subaccount (Class B) MIST PIMCO Inflation Protected Bond Subaccount (Class A) MIST Pioneer Fund Subaccount (Class A) MIST Pioneer Strategic Income Subaccount (Class A) MIST Third Avenue Small Cap Value Subaccount (Class B) MSF BlackRock Aggressive Growth Subaccount (Class D) MSF BlackRock Bond Income Subaccount (Class A) MSF BlackRock Bond Income Subaccount (Class E) MSF BlackRock Money Market Subaccount (Class A) MSF Capital Guardian U.S. Equity Subaccount (Class A) MSF FI Large Cap Subaccount (Class A) MSF FI Value Leaders Subaccount (Class D) MSF MetLife Aggressive Allocation Subaccount (Class B) MSF MetLife Conservative Allocation Subaccount (Class B) MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) MSF MetLife Moderate Allocation Subaccount (Class B) MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) MSF MFS Total Return Subaccount (Class B) MSF MFS Total Return Subaccount (Class F) MSF Oppenheimer Global Equity Subaccount (Class B) MSF T. Rowe Price Large Cap Growth Subaccount (Class B) MSF Western Asset Management U.S. Government Subaccount (Class A) PIMCO VIT Total Return Subaccount (Administrative Class) Pioneer Bond VCT Subaccount (Class II) Pioneer Cullen Value VCT Subaccount (Class II) Pioneer Emerging Markets VCT Subaccount (Class II) Pioneer Equity Income VCT Subaccount (Class II) Pioneer Fund VCT Subaccount (Class II) Pioneer Global High Yield VCT Subaccount (Class II) Pioneer High Yield VCT Subaccount (Class II) Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) Pioneer Independence VCT Subaccount (Class II) Pioneer International Value VCT Subaccount (Class II) Pioneer Mid Cap Value VCT Subaccount (Class II) Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) Pioneer Real Estate Shares VCT Subaccount (Class II) Pioneer Small Cap Value VCT Subaccount (Class II) Pioneer Strategic Income VCT Subaccount (Class II) Putnam VT Discovery Growth Subaccount (Class IB) Van Kampen LIT Comstock Subaccount (Class II) Van Kampen LIT Enterprise Subaccount (Class II) Van Kampen LIT Strategic Growth Subaccount (Class I) APPENDIX B AIM V.I. Capital Appreciation Subaccount (Series II) AIM V.I. Core Equity Subaccount (Series I) Credit Suisse Trust Emerging Markets Subaccount LMPIS Premier Selections All Cap Growth Subaccount LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value LMPVPI All Cap Subaccount (Class I) LMPVPI All Cap Subaccount (Class II) LMPVPI Large Cap Growth Subaccount (Class I) LMPVPI Total Return Subaccount (Class II) LMPVPII Aggressive Growth Subaccount (Class I) LMPVPII Aggressive Growth Subaccount (Class II) LMPVPII Growth and Income Subaccount (Class I) LMPVPIII Large Cap Value Subaccount LMPVPV Small Cap Growth Opportunities Subaccount Lord Abbett Growth and Income Subaccount (Class VC) Lord Abbett Mid-Cap Value Subaccount (Class VC) MIST BlackRock Large-Cap Core Subaccount (Class A) MIST Pioneer Mid-Cap Value Subaccount (Class A) MSF Western Asset Management High Yield Bond Subaccount (Class A) PIMCO VIT Real Return Subaccount (Administrative Class) Pioneer America Income VCT Subaccount (Class II) Pioneer Equity Opportunity VCT Subaccount (Class II) Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) Pioneer Value VCT Subaccount (Class II) Putnam VT International Equity Subaccount (Class IB) Putnam VT Small Cap Value Subaccount (Class IB) METLIFE OF CT SEPARATE ACCOUNT NINE FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT STATEMENT OF ASSETS AND LIABILITIES DECEMBER 31, 2007
AIM V.I. MID CAP AMERICAN FUNDS AMERICAN FUNDS AMERICAN FUNDS CORE EQUITY GLOBAL GROWTH GROWTH GROWTH-INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERIES II) (CLASS 2) (CLASS 2) (CLASS 2) ---------------- -------------- -------------- -------------- ASSETS: Investments at fair value $327,854 $35,776,367 $86,299,519 $82,607,725 Due from MetLife Insurance Company of Connecticut -- -- -- -- -------- ----------- ----------- ----------- Total Assets 327,854 35,776,367 86,299,519 82,607,725 -------- ----------- ----------- ----------- LIABILITIES: Other payables Insurance charges 56 5,469 13,267 12,658 Administrative fees 4 443 1,071 1,024 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- ----------- ----------- ----------- Total Liabilities 60 5,912 14,338 13,682 -------- ----------- ----------- ----------- NET ASSETS $327,794 $35,770,455 $86,285,181 $82,594,043 ======== =========== =========== ===========
The accompanying notes are an integral part of these financial statements. 1
DREYFUS VIF DREYFUS VIF FIDELITY VIP FIDELITY VIP APPRECIATION DEVELOPING LEADERS CONTRAFUND CONTRAFUND SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (INITIAL SHARES) (INITIAL SHARES) (SERVICE CLASS 2) (SERVICE CLASS) ---------------- ------------------ ----------------- --------------- ASSETS: Investments at fair value $488,198 $428,244 $3,476,366 $36,598,648 Due from MetLife Insurance Company of Connecticut -- -- -- -- -------- -------- ---------- ----------- Total Assets 488,198 428,244 3,476,366 36,598,648 -------- -------- ---------- ----------- LIABILITIES: Other payables Insurance charges 78 69 580 5,691 Administrative fees 6 5 43 453 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- -------- ---------- ----------- Total Liabilities 84 74 623 6,144 -------- -------- ---------- ----------- NET ASSETS $488,114 $428,170 $3,475,743 $36,592,504 ======== ======== ========== ===========
The accompanying notes are an integral part of these financial statements. 2
FTVIPT FRANKLIN FIDELITY VIP DYNAMIC FIDELITY VIP FTVIPT FRANKLIN RISING DIVIDENDS CAPITAL APPRECIATION MID CAP INCOME SECURITIES SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS 2) (SERVICE CLASS 2) (CLASS 2) (CLASS 2) -------------------- ----------------- ----------------- ---------------- ASSETS: Investments at fair value $76,676 $28,780,466 $13,909,783 $3,553,800 Due from MetLife Insurance Company of Connecticut -- -- -- -- ------- ----------- ----------- ---------- Total Assets 76,676 28,780,466 13,909,783 3,553,800 ------- ----------- ----------- ---------- LIABILITIES: Other payables Insurance charges 12 4,359 2,157 599 Administrative fees 1 357 172 44 Due to MetLife Insurance Company of Connecticut -- -- -- -- ------- ----------- ----------- ---------- Total Liabilities 13 4,716 2,329 643 ------- ----------- ----------- ---------- NET ASSETS $76,663 $28,775,750 $13,907,454 $3,553,157 ======= =========== =========== ========== FTVIPT FRANKLIN FTVIPT TEMPLETON SMALL-MID CAP DEVELOPING MARKETS GROWTH SECURITIES SECURITIES SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) ----------------- ------------------ ASSETS: Investments at fair value $7,010,053 $20,013,539 Due from MetLife Insurance Company of Connecticut -- -- ---------- ----------- Total Assets 7,010,053 20,013,539 ---------- ----------- LIABILITIES: Other payables Insurance charges 1,033 3,068 Administrative fees 87 247 Due to MetLife Insurance Company of Connecticut -- 7,695 ---------- ----------- Total Liabilities 1,120 11,010 ---------- ----------- NET ASSETS $7,008,933 $20,002,529 ========== ===========
The accompanying notes are an integral part of these financial statements. 3
FTVIPT TEMPLETON JANUS ASPEN GLOBAL JANUS ASPEN GLOBAL JANUS ASPEN MID CAP FOREIGN SECURITIES LIFE SCIENCES TECHNOLOGY GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (SERVICE SHARES) (SERVICE SHARES) (SERVICE SHARES) ------------------ ------------------ ------------------ ------------------- ASSETS: Investments at fair value $30,615,366 $12,373 $125,176 $1,714,590 Due from MetLife Insurance Company of Connecticut -- -- -- -- ----------- ------- -------- ---------- Total Assets 30,615,366 12,373 125,176 1,714,590 ----------- ------- -------- ---------- LIABILITIES: Other payables Insurance charges 4,688 2 19 258 Administrative fees 378 -- 2 21 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ------- -------- ---------- Total Liabilities 5,066 2 21 279 ----------- ------- -------- ---------- NET ASSETS $30,610,300 $12,371 $125,155 $1,714,311 =========== ======= ======== ==========
The accompanying notes are an integral part of these financial statements. 4
JANUS ASPEN LMPVET LMPVET LMPVET WORLDWIDE GROWTH AGGRESSIVE GROWTH AGGRESSIVE GROWTH APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (CLASS I) (CLASS II) (CLASS I) ---------------- ----------------- ----------------- ------------ ASSETS: Investments at fair value $60,139 $47,836,937 $1,767,240 $21,719,967 Due from MetLife Insurance Company of Connecticut -- -- -- -- ------- ----------- ---------- ----------- Total Assets 60,139 47,836,937 1,767,240 21,719,967 ------- ----------- ---------- ----------- LIABILITIES: Other payables Insurance charges 8 7,028 295 3,183 Administrative fees 1 595 22 269 Due to MetLife Insurance Company of Connecticut -- -- -- -- ------- ----------- ---------- ----------- Total Liabilities 9 7,623 317 3,452 ------- ----------- ---------- ----------- NET ASSETS $60,130 $47,829,314 $1,766,923 $21,716,515 ======= =========== ========== =========== LMPVET APPRECIATION LMPVET SUBACCOUNT CAPITAL (CLASS II) SUBACCOUNT ------------ ----------- ASSETS: Investments at fair value $9,385,925 $69,345,182 Due from MetLife Insurance Company of Connecticut -- -- ---------- ----------- Total Assets 9,385,925 69,345,182 ---------- ----------- LIABILITIES: Other payables Insurance charges 1,442 10,562 Administrative fees 116 859 Due to MetLife Insurance Company of Connecticut -- -- ---------- ----------- Total Liabilities 1,558 11,421 ---------- ----------- NET ASSETS $9,384,367 $69,333,761 ========== ===========
The accompanying notes are an integral part of these financial statements. 5
LMPVET EQUITY LMPVET LMPVET DIVIDEND INDEX FUNDAMENTAL VALUE LMPVET STRATEGY SUBACCOUNT SUBACCOUNT GLOBAL EQUITY SUBACCOUNT (CLASS II) (CLASS I) SUBACCOUNT --------------- ------------- ----------------- ------------- ASSETS: Investments at fair value $2,713,305 $11,265,086 $46,173,998 $26,889,458 Due from MetLife Insurance Company of Connecticut -- -- -- -- ---------- ----------- ----------- ----------- Total Assets 2,713,305 11,265,086 46,173,998 26,889,458 ---------- ----------- ----------- ----------- LIABILITIES: Other payables Insurance charges 397 1,707 6,803 4,102 Administrative fees 33 140 573 334 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ----------- ----------- ----------- Total Liabilities 430 1,847 7,376 4,436 ---------- ----------- ----------- ----------- NET ASSETS $2,712,875 $11,263,239 $46,166,622 $26,885,022 ========== =========== =========== ===========
The accompanying notes are an integral part of these financial statements. 6
LMPVET LMPVET LMPVET LARGE CAP LMPVET MID CAP INTERNATIONAL ALL CAP INVESTORS GROWTH CORE OPPORTUNITY SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (CLASS I) --------------------- ---------- ---------------- -------------- ASSETS: Investments at fair value $186,303 $7,243,917 $11,561,866 $10,024,573 Due from MetLife Insurance Company of Connecticut -- -- -- -- -------- ---------- ----------- ----------- Total Assets 186,303 7,243,917 11,561,866 10,024,573 -------- ---------- ----------- ----------- LIABILITIES: Other payables Insurance charges 20 1,046 1,693 1,452 Administrative fees 2 90 144 124 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- ---------- ----------- ----------- Total Liabilities 22 1,136 1,837 1,576 -------- ---------- ----------- ----------- NET ASSETS $186,281 $7,242,781 $11,560,029 $10,022,997 ======== ========== =========== =========== LMPVET SMALL CAP GROWTH LMPVET SUBACCOUNT SOCIAL AWARENESS (CLASS I) SUBACCOUNT ---------------- ---------------- ASSETS: Investments at fair value $7,682,054 $104,873 Due from MetLife Insurance Company of Connecticut -- -- ---------- -------- Total Assets 7,682,054 104,873 ---------- -------- LIABILITIES: Other payables Insurance charges 1,121 17 Administrative fees 95 2 Due to MetLife Insurance Company of Connecticut -- -- ---------- -------- Total Liabilities 1,216 19 ---------- -------- NET ASSETS $7,680,838 $104,854 ========== ========
The accompanying notes are an integral part of these financial statements. 7
LMPVET CAPITAL AND INCOME LMPVIT ADJUSTABLE LMPVIT DIVERSIFIED LMPVIT SUBACCOUNT RATE INCOME STRATEGIC INCOME HIGH INCOME (CLASS II) SUBACCOUNT SUBACCOUNT SUBACCOUNT -------------- ----------------- ------------------ ----------- ASSETS: Investments at fair value $64,378,703 $5,191,735 $10,805,876 $19,788,169 Due from MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ----------- ----------- Total Assets 64,378,703 5,191,735 10,805,876 19,788,169 ----------- ---------- ----------- ----------- LIABILITIES: Other payables Insurance charges 9,889 799 1,525 2,933 Administrative fees 794 63 133 244 Due to MetLife Insurance Company of Connecticut 52,966 -- -- -- ----------- ---------- ----------- ----------- Total Liabilities 63,649 862 1,658 3,177 ----------- ---------- ----------- ----------- NET ASSETS $64,315,054 $5,190,873 $10,804,218 $19,784,992 =========== ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 8
MIST BATTERYMARCH MIST BLACKROCK HIGH MIST BLACKROCK LMPVIT MONEY MID-CAP STOCK YIELD LARGE-CAP CORE MARKET SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS E) ------------ ----------------- ------------------- -------------- ASSETS: Investments at fair value $14,223,244 $540,475 $1,307,736 $2,049,263 Due from MetLife Insurance Company of Connecticut -- -- -- -- ----------- -------- ---------- ---------- Total Assets 14,223,244 540,475 1,307,736 2,049,263 ----------- -------- ---------- ---------- LIABILITIES: Other payables Insurance charges 2,081 87 200 288 Administrative fees 175 6 16 25 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- -------- ---------- ---------- Total Liabilities 2,256 93 216 313 ----------- -------- ---------- ---------- NET ASSETS $14,220,988 $540,382 $1,307,520 $2,048,950 =========== ======== ========== ========== MIST HARRIS MIST DREMAN OAKMARK SMALL-CAP VALUE INTERNATIONAL SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) --------------- ------------- ASSETS: Investments at fair value $1,043,676 $7,506,288 Due from MetLife Insurance Company of Connecticut -- -- ---------- ---------- Total Assets 1,043,676 7,506,288 ---------- ---------- LIABILITIES: Other payables Insurance charges 146 1,160 Administrative fees 13 93 Due to MetLife Insurance Company of Connecticut -- -- ---------- ---------- Total Liabilities 159 1,253 ---------- ---------- NET ASSETS $1,043,517 $7,505,035 ========== ==========
The accompanying notes are an integral part of these financial statements. 9
MIST LEGG MASON MIST MIST MIST LAZARD PARTNERS MANAGED LORD ABBETT BOND JANUS FORTY MID-CAP ASSETS DEBENTURE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) (CLASS A) ----------- ----------- ---------------- ---------------- ASSETS: Investments at fair value $1,599,018 $106,387 $259,677 $1,935,641 Due from MetLife Insurance Company of Connecticut -- -- -- -- ---------- -------- -------- ---------- Total Assets 1,599,018 106,387 259,677 1,935,641 ---------- -------- -------- ---------- LIABILITIES: Other payables Insurance charges 264 17 39 321 Administrative fees 20 2 3 24 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- -------- -------- ---------- Total Liabilities 284 19 42 345 ---------- -------- -------- ---------- NET ASSETS $1,598,734 $106,368 $259,635 $1,935,296 ========== ======== ======== ==========
The accompanying notes are an integral part of these financial statements. 10
MIST LORD ABBETT MIST LORD ABBETT MIST MET/AIM GROWTH AND INCOME MID-CAP VALUE CAPITAL APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS A) ----------------- ---------------- -------------------- ASSETS: Investments at fair value $28,985,936 $12,010,319 $2,264,038 Due from MetLife Insurance Company of Connecticut -- -- -- ----------- ----------- ---------- Total Assets 28,985,936 12,010,319 2,264,038 ----------- ----------- ---------- LIABILITIES: Other payables Insurance charges 4,448 1,867 355 Administrative fees 360 148 28 Due to MetLife Insurance Company of Connecticut -- -- -- ----------- ----------- ---------- Total Liabilities 4,808 2,015 383 ----------- ----------- ---------- NET ASSETS $28,981,128 $12,008,304 $2,263,655 =========== =========== ========== MIST MFS MIST MET/AIM MIST MET/AIM SMALL EMERGING CAPITAL APPRECIATION CAP GROWTH MARKETS EQUITY SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS E) (CLASS A) (CLASS A) -------------------- ------------------ -------------- ASSETS: Investments at fair value $1,133,740 $207,446 $4,106 Due from MetLife Insurance Company of Connecticut -- -- -- ---------- -------- ------ Total Assets 1,133,740 207,446 4,106 ---------- -------- ------ LIABILITIES: Other payables Insurance charges 185 31 -- Administrative fees 14 3 -- Due to MetLife Insurance Company of Connecticut -- -- -- ---------- -------- ------ Total Liabilities 199 34 -- ---------- -------- ------ NET ASSETS $1,133,541 $207,412 $4,106 ========== ======== ======
The accompanying notes are an integral part of these financial statements. 11
MIST MFS RESEARCH MIST MIST NEUBERGER MIST OPPENHEIMER INTERNATIONAL MFS VALUE BERMAN REAL ESTATE CAPITAL APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) (CLASS A) (CLASS B) ----------------- ---------- ------------------ -------------------- ASSETS: Investments at fair value $2,258,974 $5,334,259 $3,399,773 $1,729,288 Due from MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ---------- ---------- Total Assets 2,258,974 5,334,259 3,399,773 1,729,288 ---------- ---------- ---------- ---------- LIABILITIES: Other payables Insurance charges 323 814 543 279 Administrative fees 28 66 41 21 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ---------- ---------- Total Liabilities 351 880 584 300 ---------- ---------- ---------- ---------- NET ASSETS $2,258,623 $5,333,379 $3,399,189 $1,728,988 ========== ========== ========== ==========
The accompanying notes are an integral part of these financial statements. 12
MIST PIMCO INFLATION PROTECTED MIST MIST PIONEER MIST THIRD AVENUE BOND PIONEER FUND STRATEGIC INCOME SMALL CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS A) (CLASS B) ------------------- ------------ ---------------- ----------------- ASSETS: Investments at fair value $20,426,026 $2,197,992 $12,657,455 $15,893,353 Due from MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ----------- ----------- Total Assets 20,426,026 2,197,992 12,657,455 15,893,353 ----------- ---------- ----------- ----------- LIABILITIES: Other payables Insurance charges 3,015 342 1,991 2,421 Administrative fees 251 27 156 197 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ----------- ----------- Total Liabilities 3,266 369 2,147 2,618 ----------- ---------- ----------- ----------- NET ASSETS $20,422,760 $2,197,623 $12,655,308 $15,890,735 =========== ========== =========== =========== MSF BLACKROCK MSF BLACKROCK AGGRESSIVE GROWTH BOND INCOME SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS A) ----------------- ------------- ASSETS: Investments at fair value $3,413,156 $1,170,059 Due from MetLife Insurance Company of Connecticut -- -- ---------- ---------- Total Assets 3,413,156 1,170,059 ---------- ---------- LIABILITIES: Other payables Insurance charges 525 187 Administrative fees 42 14 Due to MetLife Insurance Company of Connecticut -- -- ---------- ---------- Total Liabilities 567 201 ---------- ---------- NET ASSETS $3,412,589 $1,169,858 ========== ==========
The accompanying notes are an integral part of these financial statements. 13
MSF BLACKROCK BOND MSF BLACKROCK MSF CAPITAL MSF INCOME MONEY MARKET GUARDIAN U.S. EQUITY FI LARGE CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS E) (CLASS A) (CLASS A) (CLASS A) ------------------ ------------- -------------------- ------------- ASSETS: Investments at fair value $15,083,515 $3,770,562 $782,057 $3,928,141 Due from MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- -------- ---------- Total Assets 15,083,515 3,770,562 782,057 3,928 ----------- ---------- -------- ---------- LIABILITIES: Other payables Insurance charges 2,236 621 113 586 Administrative fees 185 46 9 48 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- -------- ---------- Total Liabilities 2,421 667 122 634 ----------- ---------- -------- ---------- NET ASSETS $15,081,094 $3,769,895 $781,935 $3,927,507 =========== ========== ======== ==========
The accompanying notes are an integral part of these financial statements. 14
MSF METLIFE MSF METLIFE MSF FI MSF METLIFE CONSERVATIVE CONSERVATIVE TO VALUE LEADERS AGGRESSIVE ALLOCATION ALLOCATION MODERATE ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS B) (CLASS B) (CLASS B) ------------- --------------------- ------------ ------------------- ASSETS: Investments at fair value $13,958,013 $1,133,286 $2,539,793 $2,246,334 Due from MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ---------- ---------- Total Assets 13,958,013 1,133,286 2,539,793 2,246,334 ----------- ---------- ---------- ---------- LIABILITIES: Other payables Insurance charges 2,065 189 398 362 Administrative fees 173 14 31 28 Due to MetLife Insurance Company of Connecticut -- -- -- -- ----------- ---------- ---------- ---------- Total Liabilities 2,238 203 429 390 ----------- ---------- ---------- ---------- NET ASSETS $13,955,775 $1,133,083 $2,539,364 $2,245,944 =========== ========== ========== ========== MSF MSF METLIFE METLIFE MODERATE MODERATE TO ALLOCATION AGGRESSIVE ALLOCATION SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) ---------------- --------------------- ASSETS: Investments at fair value $3,556,438 $2,957,759 Due from MetLife Insurance Company of Connecticut -- -- ---------- ---------- Total Assets 3,556,438 2,957,759 ---------- ---------- LIABILITIES: Other payables Insurance charges 529 442 Administrative fees 44 37 Due to MetLife Insurance Company of Connecticut -- -- ---------- ---------- Total Liabilities 573 479 ---------- ---------- NET ASSETS $3,555,865 $2,957,280 ========== ==========
The accompanying notes are an integral part of these financial statements. 15
MSF MFS TOTAL MSF MFS TOTAL MSF OPPENHEIMER MSF T. ROWE PRICE RETURN RETURN GLOBAL EQUITY LARGE CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS F) (CLASS B) (CLASS B) ------------- ------------- --------------- ----------------- ASSETS: Investments at fair value $46,142 $44,936,573 $15,634,388 $2,198,691 Due from MetLife Insurance Company of Connecticut -- -- -- -- ------- ----------- ----------- ---------- Total Assets 46,142 44,936,573 15,634,388 2,198,691 ------- ----------- ----------- ---------- LIABILITIES: Other payables Insurance charges 7 6,654 2,495 308 Administrative fees 1 555 194 27 Due to MetLife Insurance Company of Connecticut -- -- -- -- ------- ----------- ----------- ---------- Total Liabilities 8 7,209 2,689 335 ------- ----------- ----------- ---------- NET ASSETS $46,134 $44,929,364 $15,631,699 $2,198,356 ======= =========== =========== ==========
The accompanying notes are an integral part of these financial statements. 16
MSF WESTERN ASSET MANAGEMENT U.S. PIMCO PIONEER BOND PIONEER CULLEN VALUE GOVERNMENT VIT TOTAL RETURN VCT VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (ADMINISTRATIVE CLASS) (CLASS II) (CLASS II) ----------------- ---------------------- ------------ -------------------- ASSETS: Investments at fair value $259,966 $63,551,886 $1,555,895 $845,528 Due from MetLife Insurance Company of Connecticut -- -- -- -- -------- ----------- ---------- -------- Total Assets 259,966 63,551,886 1,555,895 845,528 -------- ----------- ---------- -------- LIABILITIES: Other payables Insurance charges 41 9,264 249 138 Administrative fees 3 781 19 10 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- ----------- ---------- -------- Total Liabilities 44 10,045 268 148 -------- ----------- ---------- -------- NET ASSETS $259,922 $63,541,841 $1,555,627 $845,380 ======== =========== ========== ======== PIONEER EMERGING PIONEER EQUITY MARKETS VCT INCOME VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ---------------- -------------- ASSETS: Investments at fair value $894,281 $2,308,862 Due from MetLife Insurance Company of Connecticut -- -- -------- ---------- Total Assets 894,281 2,308,862 -------- ---------- LIABILITIES: Other payables Insurance charges 154 376 Administrative fees 11 29 Due to MetLife Insurance Company of Connecticut -- -- -------- ---------- Total Liabilities 165 405 -------- ---------- NET ASSETS $894,116 $2,308,457 ======== ==========
The accompanying notes are an integral part of these financial statements. 17
PIONEER IBBOTSON PIONEER FUND PIONEER GLOBAL HIGH PIONEER HIGH YIELD AGGRESSIVE ALLOCATION VCT YIELD VCT VCT VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (CLASS II) ------------ ------------------- ------------------ --------------------- ASSETS: Investments at fair value $2,007,976 $2,769,059 $2,568,451 $813,824 Due from MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ---------- -------- Total Assets 2,007,976 2,769,059 2,568,451 813,824 ---------- ---------- ---------- -------- LIABILITIES: Other payables Insurance charges 350 505 425 136 Administrative fees 25 34 32 10 Due to MetLife Insurance Company of Connecticut -- -- -- -- ---------- ---------- ---------- -------- Total Liabilities 375 539 457 146 ---------- ---------- ---------- -------- NET ASSETS $2,007,601 $2,768,520 $2,567,994 $813,678 ========== ========== ========== ========
The accompanying notes are an integral part of these financial statements. 18
PIONEER IBBOTSON PIONEER IBBOTSON GROWTH ALLOCATION MODERATE PIONEER INDEPENDENCE VCT ALLOCATION VCT VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ----------------- ---------------- -------------------- ASSETS: Investments at fair value $18,141,276 $8,891,895 $143,701 Due from MetLife Insurance Company of Connecticut -- -- -- ----------- ---------- -------- Total Assets 18,141,276 8,891,895 143,701 ----------- ---------- -------- LIABILITIES: Other payables Insurance charges 3,578 1,695 23 Administrative fees 224 110 2 Due to MetLife Insurance Company of Connecticut -- -- -- ----------- ---------- -------- Total Liabilities 3,802 1,805 25 ----------- ---------- -------- NET ASSETS $18,137,474 $8,890,090 $143,676 =========== ========== ======== PIONEER OAK RIDGE PIONEER INTERNATIONAL PIONEER MID CAP LARGE CAP GROWTH VALUE VCT VALUE VCT VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) --------------------- --------------- ----------------- ASSETS: Investments at fair value $881,814 $2,020,234 $1,117,322 Due from MetLife Insurance Company of Connecticut -- -- -- -------- ---------- ---------- Total Assets 881,814 2,020,234 1,117,322 -------- ---------- ---------- LIABILITIES: Other payables Insurance charges 142 323 189 Administrative fees 11 25 14 Due to MetLife Insurance Company of Connecticut -- -- -- -------- ---------- ---------- Total Liabilities 153 348 203 -------- ---------- ---------- NET ASSETS $881,661 $2,019,886 $1,117,119 ======== ========== ==========
The accompanying notes are an integral part of these financial statements. 19
PIONEER REAL ESTATE PIONEER SMALL CAP PIONEER STRATEGIC PUTNAM VT DISCOVERY SHARES VCT VALUE VCT INCOME VCT GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (CLASS IB) ------------------- ----------------- ----------------- ------------------- ASSETS: Investments at fair value $621,963 $692,526 $3,427,423 $73,421 Due from MetLife Insurance Company of Connecticut -- -- -- -- -------- -------- ---------- ------- Total Assets 621,963 692,526 3,427,423 73,421 -------- -------- ---------- ------- LIABILITIES: Other payables Insurance charges 101 116 570 9 Administrative fees 8 9 42 1 Due to MetLife Insurance Company of Connecticut -- -- -- -- -------- -------- ---------- ------- Total Liabilities 109 125 612 10 -------- -------- ---------- ------- NET ASSETS $621,854 $692,401 $3,426,811 $73,411 ======== ======== ========== =======
The accompanying notes are an integral part of these financial statements. 20
VAN KAMPEN LIT VAN KAMPEN LIT VAN KAMPEN LIT COMSTOCK ENTERPRISE STRATEGIC GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS I) -------------- -------------- ---------------- ASSETS: Investments at fair value $1,288,870 $2,521 $1,094,977 Due from MetLife Insurance Company of Connecticut -- 4 -- ---------- ------ ---------- Total Assets 1,288,870 2,525 1,094,977 ---------- ------ ---------- LIABILITIES: Other payables Insurance charges 213 -- 145 Administrative fees 16 -- 13 Due to MetLife Insurance Company of Connecticut -- -- -- ---------- ------ ---------- Total Liabilities 229 -- 158 ---------- ------ ---------- NET ASSETS $1,288,641 $2,525 $1,094,819 ========== ====== ==========
The accompanying notes are an integral part of these financial statements. 21 METLIFE OF CT SEPARATE ACCOUNT NINE FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2007
AIM V.I. MID CAP AIM V.I. CAPITAL AMERICAN FUNDS CORE EQUITY APPRECIATION AIM V.I. CORE EQUITY GLOBAL GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERIES II) (SERIES II) (a) (SERIES I) (a) (CLASS 2) ---------------- ---------------- -------------------- -------------- INVESTMENT INCOME: Dividends $ 157 $ -- $ -- $ 922,384 ------- --------- -------- ---------- EXPENSES: Mortality and expense risk charges 6,910 7,117 496 627,016 Administrative charges 522 541 58 50,850 ------- --------- -------- ---------- Total expenses 7,432 7,658 554 677,866 ------- --------- -------- ---------- Net investment income (loss) (7,275) (7,658) (554) 244,518 ------- --------- -------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 4,730 -- -- 1,380,630 Realized gains (losses) on sale of investments 6,358 244,371 18,237 908,454 ------- --------- -------- ---------- Net realized gains (losses) 11,088 244,371 18,237 2,289,084 ------- --------- -------- ---------- Change in unrealized gains (losses) on investments 19,725 (165,502) (9,269) 1,371,714 ------- --------- -------- ---------- Net increase (decrease) in net assets resulting from operations $23,538 $ 71,211 $ 8,414 $3,905,316 ======= ========= ======== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 22
AMERICAN FUNDS AMERICAN FUNDS DREYFUS VIF GROWTH GROWTH-INCOME CREDIT SUISSE TRUST APPRECIATION SUBACCOUNT SUBACCOUNT EMERGING MARKETS SUBACCOUNT (CLASS 2) (CLASS 2) SUBACCOUNT (a) (INITIAL SHARES) -------------- -------------- ------------------- ---------------- INVESTMENT INCOME: Dividends $ 668,157 $ 1,289,173 $ -- $ 7,566 ----------- ----------- ------- -------- EXPENSES: Mortality and expense risk charges 1,616,780 1,609,936 81 9,559 Administrative charges 130,638 130,422 7 739 ----------- ----------- ------- -------- Total expenses 1,747,418 1,740,358 88 10,298 ----------- ----------- ------- -------- Net investment income (loss) (1,079,261) (451,185) (88) (2,732) ----------- ----------- ------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 5,922,249 2,826,090 -- -- Realized gains (losses) on sale of investments 2,333,295 1,887,822 9,234 7,738 ----------- ----------- ------- -------- Net realized gains (losses) 8,255,544 4,713,912 9,234 7,738 ----------- ----------- ------- -------- Change in unrealized gains (losses) on investments 1,139,248 (1,639,529) (8,446) 18,996 ----------- ----------- ------- -------- Net increase (decrease) in net assets resulting from operations $ 8,315,531 $ 2,623,198 $ 700 $ 24,002 =========== =========== ======= ======== DREYFUS VIF FIDELITY VIP DEVELOPING LEADERS CONTRAFUND SUBACCOUNT SUBACCOUNT (INITIAL SHARES) (SERVICE CLASS 2) ------------------ ----------------- INVESTMENT INCOME: Dividends $ 3,539 $ 25,237 --------- ---------- EXPENSES: Mortality and expense risk charges 9,257 70,188 Administrative charges 715 5,215 --------- ---------- Total expenses 9,972 75,403 --------- ---------- Net investment income (loss) (6,433) (50,166) --------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 61,877 863,369 Realized gains (losses) on sale of investments (2,336) 151,709 --------- ---------- Net realized gains (losses) 59,541 1,015,078 --------- ---------- Change in unrealized gains (losses) on investments (115,648) (484,030) --------- ---------- Net increase (decrease) in net assets resulting from operations $ (62,540) $ 480,882 ========= ==========
The accompanying notes are an integral part of these financial statements. 23
FIDELITY VIP FIDELITY VIP DYNAMIC FIDELITY VIP FTVIPT FRANKLIN CONTRAFUND CAPITAL APPRECIATION MID CAP INCOME SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS) (SERVICE CLASS 2) (SERVICE CLASS 2) (CLASS 2) --------------- -------------------- ----------------- ----------------- INVESTMENT INCOME: Dividends $ 294,999 $ 92 $ 143,342 $ 446,920 ----------- ------- ---------- --------- EXPENSES: Mortality and expense risk charges 666,342 1,553 534,745 248,512 Administrative charges 53,071 125 43,656 19,794 ----------- ------- ---------- --------- Total expenses 719,413 1,678 578,401 268,306 ----------- ------- ---------- --------- Net investment income (loss) (424,414) (1,586) (435,059) 178,614 ----------- ------- ---------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 8,817,930 8,772 2,675,111 82,883 Realized gains (losses) on sale of investments 868,792 2,996 813,103 100,946 ----------- ------- ---------- --------- Net realized gains (losses) 9,686,722 11,768 3,488,214 183,829 ----------- ------- ---------- --------- Change in unrealized gains (losses) on investments (4,324,818) (6,264) 497,404 (223,940) ----------- ------- ---------- --------- Net increase (decrease) in net assets resulting from operations $ 4,937,490 $ 3,918 $3,550,559 $ 138,503 =========== ======= ========== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 24
FTVIPT FRANKLIN FTVIPT FRANKLIN FTVIPT TEMPLETON RISING DIVIDENDS SMALL-MID CAP DEVELOPING MARKETS FTVIPT TEMPLETON SECURITIES GROWTH SECURITIES SECURITIES FOREIGN SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) (CLASS 2) ---------------- ----------------- ------------------ ------------------ INVESTMENT INCOME: Dividends $ 89,679 $ -- $ 388,561 $ 566,142 --------- --------- ---------- ---------- EXPENSES: Mortality and expense risk charges 77,095 125,534 328,598 539,866 Administrative charges 5,683 10,646 26,423 43,513 --------- --------- ---------- ---------- Total expenses 82,778 136,180 355,021 583,379 --------- --------- ---------- ---------- Net investment income (loss) 6,901 (136,180) 33,540 (17,237) --------- --------- ---------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 55,004 512,901 1,335,146 1,291,300 Realized gains (losses) on sale of investments 61,698 208,960 1,053,977 758,769 --------- --------- ---------- ---------- Net realized gains (losses) 116,702 721,861 2,389,123 2,050,069 --------- --------- ---------- ---------- Change in unrealized gains (losses) on investments (301,271) 31,153 1,550,085 1,541,731 --------- --------- ---------- ---------- Net increase (decrease) in net assets resulting from operations $(177,668) $ 616,834 $3,972,748 $3,574,563 ========= ========= ========== ========== JANUS ASPEN GLOBAL JANUS ASPEN GLOBAL LIFE SCIENCES TECHNOLOGY SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (SERVICE SHARES) ------------------ ------------------ INVESTMENT INCOME: Dividends $ -- $ 399 ------ ------- EXPENSES: Mortality and expense risk charges 195 2,509 Administrative charges 17 195 ------ ------- Total expenses 212 2,704 ------ ------- Net investment income (loss) (212) (2,305) ------ ------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- Realized gains (losses) on sale of investments 80 15,933 ------ ------- Net realized gains (losses) 80 15,933 ------ ------- Change in unrealized gains (losses) on investments 2,149 9,073 ------ ------- Net increase (decrease) in net assets resulting from operations $2,017 $22,701 ====== =======
The accompanying notes are an integral part of these financial statements. 25
JANUS ASPEN JANUS ASPEN LMPIS PREMIER LMPVET MID CAP GROWTH WORLDWIDE GROWTH SELECTIONS ALL CAP AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT GROWTH SUBACCOUNT (SERVICE SHARES) (SERVICE SHARES) SUBACCOUNT (a) (CLASS I) ---------------- ---------------- ------------------ ------------------ INVESTMENT INCOME: Dividends $ 946 $ 416 $ 228 $ -- -------- ------- -------- ----------- EXPENSES: Mortality and expense risk charges 21,812 1,281 2,165 923,332 Administrative charges 1,935 112 182 78,106 -------- ------- -------- ----------- Total expenses 23,747 1,393 2,347 1,001,438 -------- ------- -------- ----------- Net investment income (loss) (22,801) (977) (2,119) (1,001,438) -------- ------- -------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 6,459 -- 25,554 275,654 Realized gains (losses) on sale of investments 69,119 10,026 39,184 1,967,204 -------- ------- -------- ----------- Net realized gains (losses) 75,578 10,026 64,738 2,242,858 -------- ------- -------- ----------- Change in unrealized gains (losses) on investments 169,981 (2,617) (46,883) (1,385,829) -------- ------- -------- ----------- Net increase (decrease) in net assets resulting from operations $222,758 $ 6,432 $ 15,736 $ (144,409) ======== ======= ======== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 26
LMPVET LMPVET LMPVET AGGRESSIVE GROWTH APPRECIATION APPRECIATION LMPVET LMPVET SUBACCOUNT SUBACCOUNT SUBACCOUNT CAPITAL DIVIDEND STRATEGY (CLASS II) (b) (CLASS I) (CLASS II) (b) SUBACCOUNT SUBACCOUNT ----------------- ------------ -------------- ----------- ----------------- INVESTMENT INCOME: Dividends $ -- $ 232,245 $ 75,169 $ 280,884 $ 55,912 -------- ---------- --------- ----------- -------- EXPENSES: Mortality and expense risk charges 25,849 399,601 25,151 1,407,624 47,968 Administrative charges 1,923 33,874 2,026 114,181 4,042 -------- ---------- --------- ----------- -------- Total expenses 27,772 433,475 27,177 1,521,805 52,010 -------- ---------- --------- ----------- -------- Net investment income (loss) (27,772) (201,230) 47,992 (1,240,921) 3,902 -------- ---------- --------- ----------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 10,182 1,797,819 696,883 3,879,911 -- Realized gains (losses) on sale of investments (1,593) 713,211 (5,809) 1,625,172 69,176 -------- ---------- --------- ----------- -------- Net realized gains (losses) 8,589 2,511,030 691,074 5,505,083 69,176 -------- ---------- --------- ----------- -------- Change in unrealized gains (losses) on investments (73,281) (912,313) (620,382) (4,147,597) 30,289 -------- ---------- --------- ----------- -------- Net increase (decrease) in net assets resulting from operations $(92,464) $1,397,487 $ 118,684 $ 116,565 $103,367 ======== ========== ========= =========== ======== LMPVET EQUITY INDEX SUBACCOUNT (CLASS II) ------------ INVESTMENT INCOME: Dividends $ 183,032 --------- EXPENSES: Mortality and expense risk charges 221,599 Administrative charges 18,145 --------- Total expenses 239,744 --------- Net investment income (loss) (56,712) --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 529,944 Realized gains (losses) on sale of investments 447,442 --------- Net realized gains (losses) 977,386 --------- Change in unrealized gains (losses) on investments (558,820) --------- Net increase (decrease) in net assets resulting from operations $ 361,854 =========
The accompanying notes are an integral part of these financial statements. 27
LMPVET LMPVET LMPVET FUNDAMENTAL VALUE LMPVET INTERNATIONAL ALL INVESTORS SUBACCOUNT GLOBAL EQUITY CAP OPPORTUNITY SUBACCOUNT (CLASS I) SUBACCOUNT SUBACCOUNT (CLASS I) ----------------- ------------- ----------------- ---------- INVESTMENT INCOME: Dividends $ 578,868 $ 153,563 $ 1,776 $ 92,774 ----------- ---------- -------- --------- EXPENSES: Mortality and expense risk charges 842,549 519,639 2,902 132,106 Administrative charges 70,468 42,177 318 11,190 ----------- ---------- -------- --------- Total expenses 913,017 561,816 3,220 143,296 ----------- ---------- -------- --------- Net investment income (loss) (334,149) (408,253) (1,444) (50,522) ----------- ---------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 2,265,449 1,313,362 92,983 198,046 Realized gains (losses) on sale of investments 826,471 627,968 18,548 243,938 ----------- ---------- -------- --------- Net realized gains (losses) 3,091,920 1,941,330 111,531 441,984 ----------- ---------- -------- --------- Change in unrealized gains (losses) on investments (3,575,933) (755,466) (98,109) (279,362) ----------- ---------- -------- --------- Net increase (decrease) in net assets resulting from operations $ (818,162) $ 777,611 $ 11,978 $ 112,100 =========== ========== ======== =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 28
LMPVET LMPVET MULTIPLE LMPVET LARGE CAP LMPVET DISCIPLINE SMALL CAP LMPVET LMPVPI GROWTH MID CAP CORE SUBACCOUNT-LARGE GROWTH SOCIAL ALL CAP SUBACCOUNT SUBACCOUNT CAP GROWTH AND SUBACCOUNT AWARENESS SUBACCOUNT (CLASS I) (CLASS I) VALUE (c) (CLASS I) SUBACCOUNT (CLASS I) (a) ---------- ------------ ---------------- ---------- ---------- ------------- INVESTMENT INCOME: Dividends $ 4,920 $ 42,004 $ 54,525 $ -- $ 1,430 $ 36,406 --------- ----------- ----------- --------- -------- ----------- EXPENSES: Mortality and expense risk charges 227,249 191,807 166,213 117,950 1,748 72,198 Administrative charges 19,175 16,380 13,373 9,939 127 6,086 --------- ----------- ----------- --------- -------- ----------- Total expenses 246,424 208,187 179,586 127,889 1,875 78,284 --------- ----------- ----------- --------- -------- ----------- Net investment income (loss) (241,504) (166,183) (125,061) (127,889) (445) (41,878) --------- ----------- ----------- --------- -------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 1,932,383 464,101 536,146 16,585 631,138 Realized gains (losses) on sale of investments 448,546 303,643 1,198,330 109,861 695 2,753,243 --------- ----------- ----------- --------- -------- ----------- Net realized gains (losses) 448,546 2,236,026 1,662,431 646,007 17,280 3,384,381 --------- ----------- ----------- --------- -------- ----------- Change in unrealized gains (losses) on investments 224,750 (1,508,376) (1,351,344) (180,580) (10,228) (2,746,750) --------- ----------- ----------- --------- -------- ----------- Net increase (decrease) in net assets resulting from operations $ 431,792 $ 561,467 $ 186,026 $ 337,538 $ 6,607 $ 595,753 ========= =========== =========== ========= ======== ===========
The accompanying notes are an integral part of these financial statements. 29
LMPVPII GROWTH LMPVPV SMALL LMPVPI LARGE LMPVPI ALL CAP AND INCOME CAP GROWTH CAP GROWTH SUBACCOUNT SUBACCOUNT OPPORTUNITIES SUBACCOUNT (CLASS II) (a) (CLASS I) (a) SUBACCOUNT (a) (CLASS I) (a) -------------- -------------- -------------- ------------- INVESTMENT INCOME: Dividends $ 79 $ 71 $ 953 $ -- -------- -------- --------- -------- EXPENSES: Mortality and expense risk charges 1,403 766 22,306 2,303 Administrative charges 98 59 1,940 172 -------- -------- --------- -------- Total expenses 1,501 825 24,246 2,475 -------- -------- --------- -------- Net investment income (loss) (1,422) (754) (23,293) (2,475) -------- -------- --------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 10,802 5,068 136,725 -- Realized gains (losses) on sale of investments 16,932 27,491 495,909 63,223 -------- -------- --------- -------- Net realized gains (losses) 27,734 32,559 632,634 63,223 -------- -------- --------- -------- Change in unrealized gains (losses) on investments (16,770) (26,839) (349,278) (46,766) -------- -------- --------- -------- Net increase (decrease) in net assets resulting from operations $ 9,542 $ 4,966 $ 260,063 $ 13,982 ======== ======== ========= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 30
LMPVPII LMPVPII LMPVET AGGRESSIVE GROWTH AGGRESSIVE GROWTH CAPITAL AND INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (a) (CLASS II) (a) (CLASS II) ----------------- ----------------- ------------------ INVESTMENT INCOME: Dividends $ -- $ -- $ 772,362 --------- --------- ----------- EXPENSES: Mortality and expense risk charges 5,392 12,464 1,298,237 Administrative charges 394 927 104,506 --------- --------- ----------- Total expenses 5,786 13,391 1,402,743 --------- --------- ----------- Net investment income (loss) (5,786) (13,391) (630,381) --------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 2,086 4,998 10,296,622 Realized gains (losses) on sale of investments 235,148 442,986 1,707,854 --------- --------- ----------- Net realized gains (losses) 237,234 447,984 12,004,476 --------- --------- ----------- Change in unrealized gains (losses) on investments (204,154) (371,525) (8,994,163) --------- --------- ----------- Net increase (decrease) in net assets resulting from operations $ 27,294 $ 63,068 $ 2,379,932 ========= ========= =========== LMPVIT LMPVIT ADJUSTABLE RATE DIVERSIFIED LMPVIT INCOME STRATEGIC INCOME HIGH INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT --------------- ---------------- ------------ INVESTMENT INCOME: Dividends $ 250,731 $ 574,764 $ 1,787,856 --------- --------- ----------- EXPENSES: Mortality and expense risk charges 104,164 202,363 382,256 Administrative charges 8,334 17,654 31,820 --------- --------- ----------- Total expenses 112,498 220,017 414,076 --------- --------- ----------- Net investment income (loss) 138,233 354,747 1,373,780 --------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- -- Realized gains (losses) on sale of investments (1,344) (60,107) (45,092) --------- --------- ----------- Net realized gains (losses) (1,344) (60,107) (45,092) --------- --------- ----------- Change in unrealized gains (losses) on investments (169,498) (280,376) (1,655,019) --------- --------- ----------- Net increase (decrease) in net assets resulting from operations $ (32,609) $ 14,264 $ (326,331) ========= ========= ===========
The accompanying notes are an integral part of these financial statements. 31
LMPVPI LMPVPIII LORD ABBETT LMPVIT TOTAL RETURN LARGE CAP GROWTH AND INCOME MONEY MARKET SUBACCOUNT VALUE SUBACCOUNT SUBACCOUNT (CLASS II) (a) SUBACCOUNT (a) (CLASS VC) (a) ------------ -------------- -------------- ----------------- INVESTMENT INCOME: Dividends $615,265 $ 3,660 $ 3,570 $ -- -------- -------- --------- ----------- EXPENSES: Mortality and expense risk charges 223,386 4,146 3,993 48,714 Administrative charges 19,288 306 448 3,737 -------- -------- --------- ----------- Total expenses 242,674 4,452 4,441 52,451 -------- -------- --------- ----------- Net investment income (loss) 372,591 (792) (871) (52,451) -------- -------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 4,143 -- -- Realized gains (losses) on sale of investments -- 63,216 201,485 1,165,633 -------- -------- --------- ----------- Net realized gains (losses) -- 67,359 201,485 1,165,633 -------- -------- --------- ----------- Change in unrealized gains (losses) on investments -- (49,681) (153,153) (832,439) -------- -------- --------- ----------- Net increase (decrease) in net assets resulting from operations $372,591 $ 16,886 $ 47,461 $ 280,743 ======== ======== ========= ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 32
LORD ABBETT MIST BATTERYMARCH MIST BLACKROCK MIST BLACKROCK MIST BLACKROCK MID-CAP VALUE MID-CAP STOCK HIGH YIELD LARGE-CAP CORE LARGE-CAP CORE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS VC) (a) (CLASS A) (CLASS A) (CLASS E) (b) (CLASS A) (a) -------------- ----------------- -------------- -------------- -------------- INVESTMENT INCOME: Dividends $ -- $ 2,171 $113,178 $ -- $ 14,597 ---------- -------- -------- -------- --------- EXPENSES: Mortality and expense risk charges 81,537 12,914 24,329 24,245 11,003 Administrative charges 6,448 998 1,934 2,137 969 ---------- -------- -------- -------- --------- Total expenses 87,985 13,912 26,263 26,382 11,972 ---------- -------- -------- -------- --------- Net investment income (loss) (87,985) (11,741) 86,915 (26,382) 2,625 ---------- -------- -------- -------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 86,577 -- -- 127,173 Realized gains (losses) on sale of investments 2,247,422 (11,691) 5,191 (675) 92,890 ---------- -------- -------- -------- --------- Net realized gains (losses) 2,247,422 74,886 5,191 (675) 220,063 ---------- -------- -------- -------- --------- Change in unrealized gains (losses) on investments (858,749) (29,600) (91,562) 20,287 (124,773) ---------- -------- -------- -------- --------- Net increase (decrease) in net assets resulting from operations $1,300,688 $ 33,545 $ 544 $ (6,770) $ 97,915 ========== ======== ======== ======== ========= MIST DREMAN SMALL-CAP VALUE SUBACCOUNT (CLASS A) --------------- INVESTMENT INCOME: Dividends $ -- -------- EXPENSES: Mortality and expense risk charges 15,126 Administrative charges 1,315 -------- Total expenses 16,441 -------- Net investment income (loss) (16,441) -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 3,611 Realized gains (losses) on sale of investments 6,974 -------- Net realized gains (losses) 10,585 -------- Change in unrealized gains (losses) on investments (41,370) -------- Net increase (decrease) in net assets resulting from operations $(47,226) ========
The accompanying notes are an integral part of these financial statements. 33
MIST HARRIS MIST LEGG OAKMARK MIST MIST LAZARD MASON PARTNERS INTERNATIONAL JANUS FORTY MID-CAP MANAGED ASSETS SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) (b) (CLASS A) ------------- ----------- ------------- -------------- INVESTMENT INCOME: Dividends $ 71,052 $ 1,566 $ -- $ 6,324 --------- -------- -------- -------- EXPENSES: Mortality and expense risk charges 148,259 19,969 1,578 4,754 Administrative charges 11,848 1,510 121 395 --------- -------- -------- -------- Total expenses 160,107 21,479 1,699 5,149 --------- -------- -------- -------- Net investment income (loss) (89,055) (19,913) (1,699) 1,175 --------- -------- -------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 609,652 150,564 -- 22,228 Realized gains (losses) on sale of investments 116,481 130 (703) 474 --------- -------- -------- -------- Net realized gains (losses) 726,133 150,694 (703) 22,702 --------- -------- -------- -------- Change in unrealized gains (losses) on investments (884,075) 117,124 (13,693) (12,841) --------- -------- -------- -------- Net increase (decrease) in net assets resulting from operations $(246,997) $247,905 $(16,095) $ 11,036 ========= ======== ======== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 34
MIST LORD ABBETT MIST LORD ABBETT MIST LORD ABBETT MIST MET/AIM BOND DEBENTURE GROWTH AND INCOME MID-CAP VALUE CAPITAL APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS B) (CLASS A) ---------------- ----------------- ---------------- -------------------- INVESTMENT INCOME: Dividends $118,066 $ 202,405 $ 3,315 $ 2,166 -------- ---------- ----------- -------- EXPENSES: Mortality and expense risk charges 42,552 520,780 173,818 44,723 Administrative charges 3,166 42,134 13,819 3,531 -------- ---------- ----------- -------- Total expenses 45,718 562,914 187,637 48,254 -------- ---------- ----------- -------- Net investment income (loss) 72,348 (360,509) (184,322) (46,088) -------- ---------- ----------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 2,723 1,040,041 69,901 5,945 Realized gains (losses) on sale of investments 39,611 220,650 (50,881) (15,781) -------- ---------- ----------- -------- Net realized gains (losses) 42,334 1,260,691 19,020 (9,836) -------- ---------- ----------- -------- Change in unrealized gains (losses) on investments (16,356) (644,155) (1,222,583) 273,045 -------- ---------- ----------- -------- Net increase (decrease) in net assets resulting from operations $ 98,326 $ 256,027 $(1,387,885) $217,121 ======== ========== =========== ======== MIST MET/AIM MIST MET/AIM CAPITAL APPRECIATION SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT (CLASS E) (b) (CLASS A) -------------------- ---------------- INVESTMENT INCOME: Dividends $ -- $ -- -------- ------- EXPENSES: Mortality and expense risk charges 15,486 3,698 Administrative charges 1,179 277 -------- ------- Total expenses 16,665 3,975 -------- ------- Net investment income (loss) (16,665) (3,975) -------- ------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- 1,663 Realized gains (losses) on sale of investments 7,308 5,603 -------- ------- Net realized gains (losses) 7,308 7,266 -------- ------- Change in unrealized gains (losses) on investments 42,229 4,323 -------- ------- Net increase (decrease) in net assets resulting from operations $ 32,872 $ 7,614 ======== =======
The accompanying notes are an integral part of these financial statements. 35
MIST MFS EMERGING MIST MFS RESEARCH MIST MIST NEUBERGER MARKETS EQUITY INTERNATIONAL MFS VALUE BERMAN REAL ESTATE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (b) (CLASS B) (b) (CLASS A) (CLASS A) ----------------- ----------------- ---------- ------------------ INVESTMENT INCOME: Dividends $ -- $ -- $ 39 $ 47,610 ------ -------- --------- ----------- EXPENSES: Mortality and expense risk charges 169 27,529 108,626 86,510 Administrative charges 15 2,369 8,716 6,604 ------ -------- --------- ----------- Total expenses 184 29,898 117,342 93,114 ------ -------- --------- ----------- Net investment income (loss) (184) (29,898) (117,303) (45,504) ------ -------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- 118,494 381,516 Realized gains (losses) on sale of investments 3,352 22,196 120,067 112,395 ------ -------- --------- ----------- Net realized gains (losses) 3,352 22,196 238,561 493,911 ------ -------- --------- ----------- Change in unrealized gains (losses) on investments 862 106,918 194,427 (1,201,232) ------ -------- --------- ----------- Net increase (decrease) in net assets resulting from operations $4,030 $ 99,216 $ 315,685 $ (752,825) ====== ======== ========= ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 36
MIST PIMCO INFLATION MIST PIONEER MIST OPPENHEIMER PROTECTED MIST MIST PIONEER STRATEGIC CAPITAL APPRECIATION BOND PIONEER FUND MID-CAP VALUE INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) (b) (CLASS A) (CLASS A) (a) (CLASS A) -------------------- ------------- ------------ -------------- ------------ INVESTMENT INCOME: Dividends $ -- $ -- $ 22,334 $ 453 $ 82,375 -------- ---------- -------- ------- --------- EXPENSES: Mortality and expense risk charges 33,519 242,002 46,306 531 233,641 Administrative charges 2,577 20,175 3,789 41 18,271 -------- ---------- -------- ------- --------- Total expenses 36,096 262,177 50,095 572 251,912 -------- ---------- -------- ------- --------- Net investment income (loss) (36,096) (262,177) (27,761) (119) (169,537) -------- ---------- -------- ------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 105,744 -- -- 16,122 -- Realized gains (losses) on sale of investments 13,750 33,362 74,644 (1,818) 27,539 -------- ---------- -------- ------- --------- Net realized gains (losses) 119,494 33,362 74,644 14,304 27,539 -------- ---------- -------- ------- --------- Change in unrealized gains (losses) on investments 104,705 1,411,677 35,302 (4,304) 678,242 -------- ---------- -------- ------- --------- Net increase (decrease) in net assets resulting from operations $188,103 $1,182,862 $ 82,185 $ 9,881 $ 536,244 ======== ========== ======== ======= ========= MIST THIRD AVENUE SMALL CAP VALUE SUBACCOUNT (CLASS B) ----------------- INVESTMENT INCOME: Dividends $ 115,227 ----------- EXPENSES: Mortality and expense risk charges 290,358 Administrative charges 23,605 ----------- Total expenses 313,963 ----------- Net investment income (loss) (198,736) ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 756,837 Realized gains (losses) on sale of investments (24,277) ----------- Net realized gains (losses) 732,560 ----------- Change in unrealized gains (losses) on investments (1,720,851) ----------- Net increase (decrease) in net assets resulting from operations $(1,187,027) ===========
The accompanying notes are an integral part of these financial statements. 37
MSF BLACKROCK MSF BLACKROCK MSF BLACKROCK MSF BLACKROCK AGGRESSIVE GROWTH BOND INCOME BOND INCOME MONEY MARKET SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS A) (CLASS E) (CLASS A) ----------------- ------------- ------------- ------------- INVESTMENT INCOME: Dividends $ -- $39,282 $475,120 $141,275 -------- ------- -------- -------- EXPENSES: Mortality and expense risk charges 58,076 23,303 276,578 57,388 Administrative charges 4,722 1,802 22,853 4,286 -------- ------- -------- -------- Total expenses 62,798 25,105 299,431 61,674 -------- ------- -------- -------- Net investment income (loss) (62,798) 14,177 175,689 79,601 -------- ------- -------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- -- -- Realized gains (losses) on sale of investments 55,005 10,302 111,746 -- -------- ------- -------- -------- Net realized gains (losses) 55,005 10,302 111,746 -- -------- ------- -------- -------- Change in unrealized gains (losses) on investments 531,774 23,217 311,122 -- -------- ------- -------- -------- Net increase (decrease) in net assets resulting from operations $523,981 $47,696 $598,557 $ 79,601 ======== ======= ======== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 38
MSF MSF METLIFE CAPITAL GUARDIAN MSF MSF MSF METLIFE CONSERVATIVE U.S.EQUITY FI LARGE CAP FI VALUE LEADERS AGGRESSIVE ALLOCATION ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS D) (CLASS B) (CLASS B) ---------------- ------------ ---------------- --------------------- ------------ INVESTMENT INCOME: Dividends $ 3,704 $ 6,910 $ 128,543 $ 298 $ -- -------- --------- ---------- -------- -------- EXPENSES: Mortality and expense risk charges 14,820 76,115 273,323 14,803 42,008 Administrative charges 1,253 6,313 22,880 1,085 3,333 -------- --------- ---------- -------- -------- Total expenses 16,073 82,428 296,203 15,888 45,341 -------- --------- ---------- -------- -------- Net investment income (loss) (12,369) (75,518) (167,660) (15,590) (45,341) -------- --------- ---------- -------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 46,074 286,616 1,391,659 856 1,654 Realized gains (losses) on sale of investments 11,469 7,648 50,826 35,856 25,073 -------- --------- ---------- -------- -------- Net realized gains (losses) 57,543 294,264 1,442,485 36,712 26,727 -------- --------- ---------- -------- -------- Change in unrealized gains (losses) on investments (61,585) (131,690) (919,930) (56,942) 89,105 -------- --------- ---------- -------- -------- Net increase (decrease) in net assets resulting from operations $(16,411) $ 87,056 $ 354,895 $(35,820) $ 70,491 ======== ========= ========== ======== ======== MSF METLIFE CONSERVATIVE TO MODERATE ALLOCATION SUBACCOUNT (CLASS B) ------------------- INVESTMENT INCOME: Dividends $ -- -------- EXPENSES: Mortality and expense risk charges 30,307 Administrative charges 2,363 -------- Total expenses 32,670 -------- Net investment income (loss) (32,670) -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 2,565 Realized gains (losses) on sale of investments 11,283 -------- Net realized gains (losses) 13,848 -------- Change in unrealized gains (losses) on investments 46,374 -------- Net increase (decrease) in net assets resulting from operations $ 27,552 ========
The accompanying notes are an integral part of these financial statements. 39
MSF METLIFE MSF METLIFE MODERATE TO MSF MFS MSF MFS MODERATE ALLOCATION AGGRESSIVE ALLOCATION TOTAL RETURN TOTAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) (b) (CLASS F) ------------------- --------------------- ------------- ------------ INVESTMENT INCOME: Dividends $ 233 $ 864 $ -- $ 943,670 -------- -------- ----- ----------- EXPENSES: Mortality and expense risk charges 54,812 49,967 94 853,485 Administrative charges 4,446 4,142 8 71,246 -------- -------- ----- ----------- Total expenses 59,258 54,109 102 924,731 -------- -------- ----- ----------- Net investment income (loss) (59,025) (53,245) (102) 18,939 -------- -------- ----- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 4,193 3,456 -- 1,592,198 Realized gains (losses) on sale of investments 22,233 42,937 (1) 495,872 -------- -------- ----- ----------- Net realized gains (losses) 26,426 46,393 (1) 2,088,070 -------- -------- ----- ----------- Change in unrealized gains (losses) on investments 70,115 43,551 (648) (1,034,717) -------- -------- ----- ----------- Net increase (decrease) in net assets resulting from operations $ 37,516 $ 36,699 $(751) $ 1,072,292 ======== ======== ===== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 40
MSF WESTERN ASSET MSF WESTERN ASSET MSF OPPENHEIMER MSF T. ROWE PRICE MANAGEMENT MANAGEMENT GLOBAL EQUITY LARGE CAP GROWTH HIGH YIELD BOND U.S. GOVERNMENT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS A) (a) (CLASS A) --------------- ----------------- ----------------- ----------------- INVESTMENT INCOME: Dividends $ 142,739 $ 4,707 $ 31,361 $7,109 --------- -------- -------- ------ EXPENSES: Mortality and expense risk charges 307,104 40,106 2,327 5,063 Administrative charges 24,163 3,535 172 393 --------- -------- -------- ------ Total expenses 331,267 43,641 2,499 5,456 --------- -------- -------- ------ Net investment income (loss) (188,528) (38,934) 28,862 1,653 --------- -------- -------- ------ NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 236,670 21,713 2,689 -- Realized gains (losses) on sale of investments 184,735 49,902 5,645 983 --------- -------- -------- ------ Net realized gains (losses) 421,405 71,615 8,334 983 --------- -------- -------- ------ Change in unrealized gains (losses) on investments 424,149 133,985 (24,907) 3,195 --------- -------- -------- ------ Net increase (decrease) in net assets resulting from operations $ 657,026 $166,666 $ 12,289 $5,831 ========= ======== ======== ====== PIMCO VIT PIMCO VIT REAL RETURN TOTAL RETURN SUBACCOUNT SUBACCOUNT (ADMINISTRATIVE CLASS) (a) (ADMINISTRATIVE CLASS) -------------------------- ---------------------- INVESTMENT INCOME: Dividends $ 299,432 $2,925,315 ----------- ---------- EXPENSES: Mortality and expense risk charges 114,164 1,084,442 Administrative charges 9,522 91,392 ----------- ---------- Total expenses 123,686 1,175,834 ----------- ---------- Net investment income (loss) 175,746 1,749,481 ----------- ---------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- Realized gains (losses) on sale of investments (1,176,671) (170,768) ----------- ---------- Net realized gains (losses) (1,176,671) (170,768) ----------- ---------- Change in unrealized gains (losses) on investments 1,368,020 2,393,377 ----------- ---------- Net increase (decrease) in net assets resulting from operations $ 367,095 $3,972,090 =========== ==========
The accompanying notes are an integral part of these financial statements. 41
PIONEER AMERICA PIONEER PIONEER CULLEN PIONEER EMERGING INCOME VCT BOND VCT VALUE VCT MARKETS VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (c) (CLASS II) (d) (CLASS II) (CLASS II) --------------- -------------- -------------- ---------------- INVESTMENT INCOME: Dividends $ 67,342 $ 9,989 $ 7,043 $ 3,117 -------- ------- -------- -------- EXPENSES: Mortality and expense risk charges 28,870 4,313 16,265 17,465 Administrative charges 2,194 328 1,233 1,259 -------- ------- -------- -------- Total expenses 31,064 4,641 17,498 18,724 -------- ------- -------- -------- Net investment income (loss) 36,278 5,348 (10,455) (15,607) -------- ------- -------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions -- -- -- 92,839 Realized gains (losses) on sale of investments (17,007) 136 8,216 92,197 -------- ------- -------- -------- Net realized gains (losses) (17,007) 136 8,216 185,036 -------- ------- -------- -------- Change in unrealized gains (losses) on investments 33,753 11,191 33,594 103,421 -------- ------- -------- -------- Net increase (decrease) in net assets resulting from operations $ 53,024 $16,675 $ 31,355 $272,850 ======== ======= ======== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 42
PIONEER EQUITY PIONEER EQUITY PIONEER PIONEER GLOBAL PIONEER HIGH INCOME VCT OPPORTUNITY VCT FUND VCT HIGH YIELD VCT YIELD VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (c) (CLASS II) (CLASS II) (CLASS II) -------------- --------------- ---------- -------------- ------------ INVESTMENT INCOME: Dividends $ 57,179 $ 95 $ 16,054 $ 230,778 $135,389 --------- ------- -------- --------- -------- EXPENSES: Mortality and expense risk charges 48,394 1,009 32,545 64,599 53,667 Administrative charges 3,677 80 2,325 4,317 4,000 --------- ------- -------- --------- -------- Total expenses 52,071 1,089 34,870 68,916 57,667 --------- ------- -------- --------- -------- Net investment income (loss) 5,108 (994) (18,816) 161,862 77,722 --------- ------- -------- --------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 77,835 11,863 -- 39,878 2,480 Realized gains (losses) on sale of investments 52,890 4,593 52,386 4,774 3,996 --------- ------- -------- --------- -------- Net realized gains (losses) 130,725 16,456 52,386 44,652 6,476 --------- ------- -------- --------- -------- Change in unrealized gains (losses) on investments (179,543) (8,766) 6,129 (216,254) 3,207 --------- ------- -------- --------- -------- Net increase (decrease) in net assets resulting from operations $ (43,710) $ 6,696 $ 39,699 $ (9,740) $ 87,405 ========= ======= ======== ========= ======== PIONEER IBBOTSON AGGRESSIVE ALLOCATION VCT SUBACCOUNT (CLASS II) ---------------- INVESTMENT INCOME: Dividends $ 9,963 ------- EXPENSES: Mortality and expense risk charges 16,739 Administrative charges 1,242 ------- Total expenses 17,981 ------- Net investment income (loss) (8,018) ------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 24,389 Realized gains (losses) on sale of investments 3,659 ------- Net realized gains (losses) 28,048 ------- Change in unrealized gains (losses) on investments 3,414 ------- Net increase (decrease) in net assets resulting from operations $23,444 =======
The accompanying notes are an integral part of these financial statements. 43
PIONEER IBBOTSON PIONEER IBBOTSON GROWTH MODERATE PIONEER PIONEER INTERNATIONAL ALLOCATION VCT ALLOCATION VCT INDEPENDENCE VCT VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (CLASS II) ---------------- ---------------- ---------------- --------------------- INVESTMENT INCOME: Dividends $ 170,323 $ 76,938 $ -- $ 2,576 --------- --------- ------- -------- EXPENSES: Mortality and expense risk charges 390,880 177,482 2,714 15,873 Administrative charges 24,573 11,448 212 1,224 --------- --------- ------- -------- Total expenses 415,453 188,930 2,926 17,097 --------- --------- ------- -------- Net investment income (loss) (245,130) (111,992) (2,926) (14,521) --------- --------- ------- -------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 310,762 94,007 -- 8,901 Realized gains (losses) on sale of investments 124,978 80,434 5,187 31,712 --------- --------- ------- -------- Net realized gains (losses) 435,740 174,441 5,187 40,613 --------- --------- ------- -------- Change in unrealized gains (losses) on investments 199,440 117,462 5,146 48,720 --------- --------- ------- -------- Net increase (decrease) in net assets resulting from operations $ 390,050 $ 179,911 $ 7,407 $ 74,812 ========= ========= ======= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 44
PIONEER OAK RIDGE PIONEER PIONEER MID CAP LARGE CAP PIONEER REAL ESTATE SMALL AND MID CAP VALUE VCT GROWTH VCT SHARES VCT GROWTH VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (CLASS II) (c) --------------- ----------------- ------------------- ----------------- INVESTMENT INCOME: Dividends $ 12,244 $ 2,192 $ 19,899 $ -- --------- -------- --------- --------- EXPENSES: Mortality and expense risk charges 41,463 23,452 15,302 15,053 Administrative charges 3,190 1,720 1,158 1,087 --------- -------- --------- --------- Total expenses 44,653 25,172 16,460 16,140 --------- -------- --------- --------- Net investment income (loss) (32,409) (22,980) 3,439 (16,140) --------- -------- --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 218,789 4,464 71,141 293,524 Realized gains (losses) on sale of investments (11,766) 14,587 14,296 (54,769) --------- -------- --------- --------- Net realized gains (losses) 207,023 19,051 85,437 238,755 --------- -------- --------- --------- Change in unrealized gains (losses) on investments (110,652) 68,477 (256,935) (91,662) --------- -------- --------- --------- Net increase (decrease) in net assets resulting from operations $ 63,962 $ 64,548 $(168,059) $ 130,953 ========= ======== ========= ========= PIONEER SMALL CAP PIONEER STRATEGIC VALUE VCT INCOME VCT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) ----------------- ----------------- INVESTMENT INCOME: Dividends $ 3,757 $ 175,944 --------- --------- EXPENSES: Mortality and expense risk charges 15,583 69,476 Administrative charges 1,151 5,123 --------- --------- Total expenses 16,734 74,599 --------- --------- Net investment income (loss) (12,977) 101,345 --------- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 174,477 19,021 Realized gains (losses) on sale of investments (2,558) (4,403) --------- --------- Net realized gains (losses) 171,919 14,618 --------- --------- Change in unrealized gains (losses) on investments (231,759) 13,906 --------- --------- Net increase (decrease) in net assets resulting from operations $ (72,817) $ 129,869 ========= =========
The accompanying notes are an integral part of these financial statements. 45
PUTNAM VT PUTNAM VT PUTNAM VT PIONEER VALUE VCT DISCOVERY GROWTH INTERNATIONAL EQUITY SMALL CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (c) (CLASS IB) (CLASS IB) (a) (CLASS IB) (a) ----------------- ---------------- -------------------- --------------- INVESTMENT INCOME: Dividends $ 20,490 $ -- $ 61,506 $ 38,996 --------- ------- --------- ----------- EXPENSES: Mortality and expense risk charges 13,614 1,077 12,412 42,202 Administrative charges 978 109 1,059 3,415 --------- ------- --------- ----------- Total expenses 14,592 1,186 13,471 45,617 --------- ------- --------- ----------- Net investment income (loss) 5,898 (1,186) 48,035 (6,621) --------- ------- --------- ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 52,973 6,296 266,257 779,927 Realized gains (losses) on sale of investments 53,509 1,039 711,975 1,047,307 --------- ------- --------- ----------- Net realized gains (losses) 106,482 7,335 978,232 1,827,234 --------- ------- --------- ----------- Change in unrealized gains (losses) on investments (112,563) (316) (856,574) (1,360,720) --------- ------- --------- ----------- Net increase (decrease) in net assets resulting from operations $ (183) $ 5,833 $ 169,693 $ 459,893 ========= ======= ========= ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 46
VAN KAMPEN LIT VAN KAMPEN LIT VAN KAMPEN LIT COMSTOCK ENTERPRISE STRATEGIC GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) CLASS I) -------------- -------------- ---------------- INVESTMENT INCOME: Dividends $ 30,939 $ 4 $ 498 --------- ----- --------- EXPENSES: Mortality and expense risk charges 35,765 50 17,467 Administrative charges 2,683 4 1,630 --------- ----- --------- Total expenses 38,448 54 19,097 --------- ----- --------- Net investment income (loss) (7,509) (50) (18,599) --------- ----- --------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS: Realized gain distributions 42,920 -- -- Realized gains (losses) on sale of investments 121,451 13 21,154 --------- ----- --------- Net realized gains (losses) 164,371 13 21,154 --------- ----- --------- Change in unrealized gains (losses) on investments (198,699) 268 148,963 --------- ----- --------- Net increase (decrease) in net assets resulting from operations $ (41,837) $ 231 $ 151,518 ========= ===== =========
The accompanying notes are an integral part of these financial statements. 47 METLIFE OF CT SEPARATE ACCOUNT NINE FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
AIM V.I. MID CAP CORE AIM V.I. CAPITAL AIM V.I. CORE EQUITY EQUITY SUBACCOUNT APPRECIATION SUBACCOUNT SUBACCOUNT (SERIES II) (SERIES II) (SERIES I) ---------------------- ----------------------- -------------------- 2007 2006 2007 (a) 2006 2007 (a) 2006 (b) -------- ------------ ----------- ---------- --------- --------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (7,275) $ (4,968) $ (7,658) $ (22,821) $ (554) $ (1,232) Net realized gains (losses) 11,088 38,766 244,371 14,775 18,237 3,754 Change in unrealized gains (losses) on investments 19,725 (4,029) (165,502) 40,930 (9,269) 9,270 -------- -------- ----------- ---------- --------- -------- Net increase (decrease) in net assets resulting from operations 23,538 29,769 71,211 32,884 8,414 11,792 -------- -------- ----------- ---------- --------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,667 25,850 14,969 191,492 -- -- Transfers from other funding options 15,311 10,144 2,172 37,954 -- 205,657 Contract charges (81) (96) -- (192) -- (36) Contract surrenders (10,800) (12,118) (6,420) (62,734) (788) (99,029) Transfers to other funding options (66,085) (13,716) (1,181,725) (70,029) (125,556) (451) Other receipts (payments) -- -- -- (5,555) (3) -- -------- -------- ----------- ---------- --------- -------- Net increase (decrease) in net assets resulting from contract transactions (59,988) 10,064 (1,171,004) 90,936 (126,347) 106,141 -------- -------- ----------- ---------- --------- -------- Net increase (decrease) in net assets (36,450) 39,833 (1,099,793) 123,820 (117,933) 117,933 NET ASSETS: Beginning of period 364,244 324,411 1,099,793 975,973 117,933 -- -------- -------- ----------- ---------- --------- -------- End of period $327,794 $364,244 $ -- $1,099,793 $ -- $117,933 ======== ======== =========== ========== ========= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 48
AMERICAN FUNDS GLOBAL AMERICAN FUNDS GROWTH AMERICAN FUNDS GROWTH-INCOME GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) ------------------------ ------------------------ ---------------------------- 2007 2006 2007 2006 2007 2006 ----------- ----------- ----------- ----------- ----------- --------------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 244,518 $ (313,141) $(1,079,261) $ (960,639) $ (451,185) $ (353,456) Net realized gains (losses) 2,289,084 442,823 8,255,544 1,573,868 4,713,912 2,663,236 Change in unrealized gains (losses) on investments 1,371,714 4,550,685 1,139,248 5,524,780 (1,639,529) 7,606,781 ----------- ----------- ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 3,905,316 4,680,367 8,315,531 6,138,009 2,623,198 9,916,561 ----------- ----------- ----------- ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 836,980 1,347,482 1,125,099 2,596,420 907,293 2,088,625 Transfers from other funding options 3,492,224 3,980,228 3,921,879 9,612,794 3,195,908 6,024,851 Contract charges (3,938) (4,010) (9,873) (10,649) (10,330) (11,498) Contract surrenders (1,869,280) (1,052,551) (4,839,537) (4,293,084) (5,108,501) (4,062,042) Transfers to other funding options (1,857,092) (1,462,503) (5,622,616) (3,845,995) (4,536,134) (2,509,904) Other receipts (payments) (63,993) (263,310) (165,044) (573,343) (400,302) (185,984) ----------- ----------- ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 534,901 2,545,336 (5,590,092) 3,486,143 (5,952,066) 1,344,048 ----------- ----------- ----------- ----------- ----------- ----------- Net increase (decrease) in net assets 4,440,217 7,225,703 2,725,439 9,624,152 (3,328,868) 11,260,609 NET ASSETS: Beginning of period 31,330,238 24,104,535 83,559,742 73,935,590 85,922,911 74,662,302 ----------- ----------- ----------- ----------- ----------- ----------- End of period $35,770,455 $31,330,238 $86,285,181 $83,559,742 $82,594,043 $85,922,911 =========== =========== =========== =========== =========== =========== CREDIT SUISSE TRUST EMERGING MARKETS SUBACCOUNT ------------------ 2007 (a) 2006 -------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (88) $ (203) Net realized gains (losses) 9,234 2,784 Change in unrealized gains (losses) on investments (8,446) 1,312 -------- ------- Net increase (decrease) in net assets resulting from operations 700 3,893 -------- ------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- -- Transfers from other funding options -- -- Contract charges -- (5) Contract surrenders -- (4,948) Transfers to other funding options (15,620) -- Other receipts (payments) (3) -- -------- ------- Net increase (decrease) in net assets resulting from contract transactions (15,623) (4,953) -------- ------- Net increase (decrease) in net assets (14,923) (1,060) NET ASSETS: Beginning of period 14,923 15,983 -------- ------- End of period $ -- $14,923 ======== =======
The accompanying notes are an integral part of these financial statements. 49
DREYFUS VIF APPRECIATION DREYFUS VIF DEVELOPING FIDELITY VIP CONTRAFUND SUBACCOUNT LEADERS SUBACCOUNT SUBACCOUNT (INITIAL SHARES) (INITIAL SHARES) (SERVICE CLASS 2) ------------------------ ---------------------- ----------------------- 2007 2006 2007 2006 2007 2006 -------- -------------- --------- ----------- ---------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (2,732) $ (2,130) $ (6,433) $ (8,102) $ (50,166) $ (39,529) Net realized gains (losses) 7,738 11,390 59,541 39,499 1,015,078 409,773 Change in unrealized gains (losses) on investments 18,996 51,619 (115,648) (24,311) (484,030) (76,415) -------- -------- --------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 24,002 60,879 (62,540) 7,086 480,882 293,829 -------- -------- --------- -------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 7,151 11,339 1,541 3,002 12,982 161,822 Transfers from other funding options 108 26,702 24,909 39,904 204,321 415,962 Contract charges (40) (43) (44) (60) (483) (536) Contract surrenders (22,114) (53,436) (12,666) (17,324) (527,872) (420,543) Transfers to other funding options (2,554) (29,525) (11,668) (6,102) (163,789) (149,331) Other receipts (payments) -- -- -- -- (13,694) (18,109) -------- -------- --------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (17,449) (44,963) 2,072 19,420 (488,535) (10,735) -------- -------- --------- -------- ---------- ---------- Net increase (decrease) in net assets 6,553 15,916 (60,468) 26,506 (7,653) 283,094 NET ASSETS: Beginning of period 481,561 465,645 488,638 462,132 3,483,396 3,200,302 -------- -------- --------- -------- ---------- ---------- End of period $488,114 $481,561 $ 428,170 $488,638 $3,475,743 $3,483,396 ======== ======== ========= ======== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 50
FIDELITY VIP FIDELITY VIP DYNAMIC FIDELITY VIP CONTRAFUND CAPITAL APPRECIATION MID CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS) (SERVICE CLASS 2) (SERVICE CLASS 2) ------------------------ -------------------- ------------------------ 2007 2006 2007 2006 2007 2006 ----------- ----------- ------- ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (424,414) $ (291,340) $(1,586) $ (1,852) $ (435,059) $ (497,116) Net realized gains (losses) 9,686,722 3,105,608 11,768 20,387 3,488,214 3,559,979 Change in unrealized gains (losses) on investments (4,324,818) (40,160) (6,264) (8,281) 497,404 (522,484) ----------- ----------- ------- -------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 4,937,490 2,774,108 3,918 10,254 3,550,559 2,540,379 ----------- ----------- ------- -------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 363,417 1,673,850 -- -- 422,484 996,917 Transfers from other funding options 2,093,009 6,387,875 632 42,067 1,432,789 4,148,600 Contract charges (4,579) (4,879) (21) (22) (3,921) (4,252) Contract surrenders (2,301,115) (1,660,023) (8,072) (66,392) (2,280,580) (1,522,555) Transfers to other funding options (2,323,166) (1,904,517) (2,469) (4,077) (2,808,089) (2,042,646) Other receipts (payments) (280,213) (19,486) -- -- (102,270) (64,813) ----------- ----------- ------- -------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (2,452,647) 4,472,820 (9,930) (28,424) (3,339,587) 1,511,251 ----------- ----------- ------- -------- ----------- ----------- Net increase (decrease) in net assets 2,484,843 7,246,928 (6,012) (18,170) 210,972 4,051,630 NET ASSETS: Beginning of period 34,107,661 26,860,733 82,675 100,845 28,564,778 24,513,148 ----------- ----------- ------- -------- ----------- ----------- End of period $36,592,504 $34,107,661 $76,663 $ 82,675 $28,775,750 $28,564,778 =========== =========== ======= ======== =========== =========== FTVIPT FRANKLIN INCOME SECURITIES SUBACCOUNT (CLASS 2) ------------------------ 2007 2006 ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 178,614 $ 93,230 Net realized gains (losses) 183,829 56,356 Change in unrealized gains (losses) on investments (223,940) 961,863 ----------- ----------- Net increase (decrease) in net assets resulting from operations 138,503 1,111,449 ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 634,505 846,038 Transfers from other funding options 4,006,423 6,346,431 Contract charges (878) (535) Contract surrenders (595,761) (315,248) Transfers to other funding options (1,111,608) (596,384) Other receipts (payments) (137,608) (36,126) ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 2,795,073 6,244,176 ----------- ----------- Net increase (decrease) in net assets 2,933,576 7,355,625 NET ASSETS: Beginning of period 10,973,878 3,618,253 ----------- ----------- End of period $13,907,454 $10,973,878 =========== ===========
The accompanying notes are an integral part of these financial statements. 51
FTVIPT FRANKLIN RISING FTVIPT FRANKLIN FTVIPT TEMPLETON DEVELOPING DIVIDENDS SECURITIES SMALL-MID CAP GROWTH SECURITIES MARKETS SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) ---------------------- ------------------------------- --------------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ----------- ----------- ---------- ------------ INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 6,901 $ (38,559) $ (136,180) $ (131,610) $ 33,540 $ (123,586) Net realized gains (losses) 116,702 46,812 721,861 159,011 2,389,123 543,642 Change in unrealized gains (losses) on investments (301,271) 464,443 31,153 403,987 1,550,085 2,708,385 ---------- ---------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations (177,668) 472,696 616,834 431,388 3,972,748 3,128,441 ---------- ---------- ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 83,297 201,756 98,294 218,492 271,432 1,257,770 Transfers from other funding options 205,734 209,847 461,091 341,747 3,428,492 5,224,413 Contract charges (557) (598) (934) (1,069) (1,875) (1,733) Contract surrenders (156,581) (110,243) (481,050) (627,174) (1,471,497) (454,817) Transfers to other funding options (167,067) (111,418) (435,494) (373,709) (2,566,335) (2,801,307) Other receipts (payments) (28,510) (24,894) 5,448 (1,388) (229,762) (152,997) ---------- ---------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (63,684) 164,450 (352,645) (443,101) (569,545) 3,071,329 ---------- ---------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets (241,352) 637,146 264,189 (11,713) 3,403,203 6,199,770 NET ASSETS: Beginning of period 3,794,509 3,157,363 6,744,744 6,756,457 16,599,326 10,399,556 ---------- ---------- ---------- ---------- ----------- ----------- End of period $3,553,157 $3,794,509 $7,008,933 $6,744,744 $20,002,529 $16,599,326 ========== ========== ========== ========== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 53
FTVIPT TEMPLETON JANUS ASPEN JANUS ASPEN JANUS ASPEN FOREIGN SECURITIES GLOBAL LIFE SCIENCES GLOBAL TECHNOLOGY MID CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (SERVICE SHARES) (SERVICE SHARES) (SERVICE SHARES) ------------------------ -------------------- ------------------ ---------------------- 2007 2006 2007 2006 2007 2006 2007 2006 ----------- ----------- -------- ------- -------- -------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (17,237) $ (184,484) $ (212) $ (238) $ (2,305) $ (2,959) $ (22,801) $ (20,509) Net realized gains (losses) 2,050,069 335,409 80 1,451 15,933 3,324 75,578 60,864 Change in unrealized gains (losses) on investments 1,541,731 4,041,542 2,149 (514) 9,073 5,163 169,981 84,089 ----------- ----------- ------- ------- -------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 3,574,563 4,192,467 2,017 699 22,701 5,528 222,758 124,444 ----------- ----------- ------- ------- -------- -------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 619,783 1,349,295 -- -- 1,418 -- 15,992 24,242 Transfers from other funding options 2,447,359 4,369,231 -- -- 12,136 8,837 583,676 69,958 Contract charges (2,749) (2,920) -- (2) (27) (41) (232) (260) Contract surrenders (1,348,894) (873,210) -- (1,200) (8,064) (20,571) (157,315) (156,597) Transfers to other funding options (1,752,851) (1,760,878) -- (3,188) (41,550) 54,455 (90,152) (154,399) Other receipts (payments) (159,395) (230,051) -- -- -- (56,035) -- (12,095) ----------- ----------- ------- ------- -------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (196,747) 2,851,467 -- (4,390) (36,087) (13,355) 351,969 (229,151) ----------- ----------- ------- ------- -------- -------- ---------- ---------- Net increase (decrease) in net assets 3,377,816 7,043,934 2,017 (3,691) (13,386) (7,827) 574,727 (104,707) NET ASSETS: Beginning of period 27,232,484 20,188,550 10,354 14,045 138,541 146,368 1,139,584 1,244,291 ----------- ----------- ------- ------- -------- -------- ---------- ---------- End of period $30,610,300 $27,232,484 $12,371 $10,354 $125,155 $138,541 $1,714,311 $1,139,584 =========== =========== ======= ======= ======== ======== ========== ==========
The accompanying notes are an integral part of these financial statements. 53
JANUS ASPEN WORLDWIDE GROWTH LMPIS PREMIER LMPVET AGGRESSIVE GROWTH SUBACCOUNT SELECTIONS ALL CAP GROWTH SUBACCOUNT (SERVICE SHARES) SUBACCOUNT (CLASS I) ----------------- ------------------------ ------------------------ 2007 2006 2007 (a) 2006 2007 2006 ------- ------- --------- -------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (977) $ (172) $ (2,119) $ (6,682) $(1,001,438) $(1,015,741) Net realized gains (losses 10,026 499 64,738 17,404 2,242,858 959,504 Change in unrealized gains (losses) on investments (2,617) 11,675 (46,883) 9,138 (1,385,829) 3,455,259 -------- ------- --------- -------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 6,432 12,002 15,736 19,860 (144,409) 3,399,022 -------- ------- --------- -------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- -- -- -- 246,535 1,066,551 Transfers from other funding options 2,260 12 933 89,091 2,416,752 2,982,688 Contract charges (28) (29) -- (99) (7,797) (9,019) Contract surrenders (28,455) (1,417) (1,647) (18,611) (4,173,264) (3,485,967) Transfers to other funding options (7,132) (416) (446,480) (345) (3,558,172) (1,931,152) Other receipts (payments) -- -- (8) -- (282,446) (393,950) -------- ------- --------- -------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (33,355) (1,850) (447,202) 70,036 (5,358,392) (1,770,849) -------- ------- --------- -------- ----------- ----------- Net increase (decrease) in net assets (26,923) 10,152 (431,466) 89,896 (5,502,801) 1,628,173 NET ASSETS: Beginning of period 87,053 76,901 431,466 341,570 53,332,115 51,703,942 -------- ------- --------- -------- ----------- ----------- End of period $ 60,130 $87,053 $ -- $431,466 $47,829,314 $53,332,115 ======== ======= ========= ======== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 54
LMPVET AGGRESSIVE GROWTH LMPVET APPRECIATION LMPVET APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS I) (CLASS II) ------------------------ ----------------------- ------------------- 2007 (c) 2006 2007 2006 2007 (c) 2006 ---------- ----- ---------- ----------- ----------- ------ INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (27,772) $ -- $ (201,230) $ (187,959) $ 47,992 $ -- Net realized gains (losses 8,589 -- 2,511,030 1,116,622 691,074 -- Change in unrealized gains (losses) on investments (73,281) -- (912,313) 1,750,846 (620,382) -- ---------- ---- ---------- ----------- ---------- ---- Net increase (decrease) in net assets resulting from operations (92,464) -- 1,397,487 2,679,509 118,684 -- ---------- ---- ---------- ----------- ---------- ---- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 2,281 -- 95,160 142,335 -- -- Transfers from other funding options 2,012,365 -- 493,640 770,001 9,491,112 -- Contract charges (137) -- (3,554) (3,938) (4) -- Contract surrenders (92,157) -- (1,556,086) (2,111,364) (88,224) -- Transfers to other funding options (45,242) -- (1,591,140) (724,693) (137,201) -- Other receipts (payments) (17,723) -- (50,410) (233,634) -- -- ---------- ---- ---------- ----------- ---------- ---- Net increase (decrease) in net assets resulting from contract transactions 1,859,387 -- (2,612,390) (2,161,293) 9,265,683 -- ---------- ---- ---------- ----------- ---------- ---- Net increase (decrease) in net assets 1,766,923 -- (1,214,903) 518,216 9,384,367 -- NET ASSETS: Beginning of period -- -- 22,931,418 22,413,202 -- -- ---------- ---- ---------- ----------- ---------- ---- End of period $1,766,923 $ -- 21,716,515 $22,931,418 $9,384,367 $ -- ========== ==== ========== =========== ========== ====
LMPVET CAPITAL SUBACCOUNT ------------------------ 2007 2006 ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $(1,240,921) $(1,043,066) Net realized gains (losses 5,505,083 4,532,733 Change in unrealized gains (losses) on investments (4,147,597) 4,566,097 ----------- ----------- Net increase (decrease) in net assets resulting from operations 116,565 8,055,764 ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 429,260 1,851,577 Transfers from other funding options 723,747 3,424,863 Contract charges (10,257) (11,771) Contract surrenders (5,501,041) (4,370,342) Transfers to other funding options (3,734,676) (5,276,522) Other receipts (payments) (255,621) (464,746) ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (8,348,588) (4,846,941) ----------- ----------- Net increase (decrease) in net assets (8,232,023) 3,208,823 NET ASSETS: Beginning of period 77,565,784 74,356,961 ----------- ----------- End of period $69,333,761 $77,565,784 =========== ===========
The accompanying notes are an integral part of these financial statements. 55
LMPVET LMPVET EQUITY INDEX LMPVET FUNDAMENTAL VALUE DIVIDEND STRATEGY SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS I) ---------------------- ------------------------ ------------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ----------- ----------- ------------ ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 3,902 $ 3,014 $ (56,712) $ (90,743) $ (334,149) $ (127,941) Net realized gains (losses) 69,176 47,439 977,386 525,978 3,091,920 1,917,352 Change in unrealized gains (losses) on investments 30,289 324,251 (558,820) 1,058,330 (3,575,933) 3,421,844 ---------- ---------- ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 103,367 374,704 361,854 1,493,565 (818,162) 5,211,255 ---------- ---------- ----------- ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,862 46,127 105,812 203,881 268,444 696,218 Transfers from other funding options 391,783 151,273 326,708 354,437 13,693,229 1,310,986 Contract charges (511) (638) (1,435) (1,641) (7,820) (6,351) Contract surrenders (133,731) (304,135) (1,314,437) (1,631,410) (4,260,233) (2,428,606) Transfers to other funding options (231,274) (133,027) (457,059) (568,050) (2,566,852) (1,363,927) Other receipts (payments) -- (26,854) (55,816) (23,002) (256,824) (279,957) ---------- ---------- ----------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 28,129 (267,254) (1,396,227) (1,665,785) 6,869,944 (2,071,637) ---------- ---------- ----------- ----------- ----------- ----------- Net increase (decrease) in net assets 131,496 107,450 (1,034,373) (172,220) 6,051,782 3,139,618 NET ASSETS: Beginning of period 2,581,379 2,473,929 12,297,612 12,469,832 40,114,840 36,975,222 ---------- ---------- ----------- ----------- ----------- ----------- End of period $2,712,875 $2,581,379 $11,263,239 $12,297,612 $46,166,622 $40,114,840 ========== ========== =========== =========== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 56
LMPVET LMPVET INTERNATIONAL GLOBAL EQUITY ALL CAP OPPORTUNITY SUBACCOUNT SUBACCOUNT -------------------------- ---------------------- 2007 2006 2007 2006 ------------ ------------ ---------- --------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (408,253) $ (218,099) $ (1,444) $ 1,035 Net realized gains (losses) 1,941,330 1,037,818 111,531 10,858 Change in unrealized gains (losses) on investments (755,466) 2,479,199 (98,109) 38,057 ----------- ----------- -------- -------- Net increase (decrease) in net assets resulting from operations 777,611 3,298,918 11,978 49,950 ----------- ----------- -------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 195,399 829,749 -- -- Transfers from other funding options 490,984 2,710,311 799 287 Contract charges (2,827) (3,392) (119) (120) Contract surrenders (1,521,760) (1,026,178) (69,249) (31,739) Transfers to other funding options (1,134,162) (1,492,222) (647) (8,521) Other receipts (payments) (456,191) (71,080) -- -- ----------- ----------- -------- -------- Net increase (decrease) in net assets resulting from contract transactions (2,428,557) 947,188 (69,216) (40,093) ----------- ----------- -------- -------- Net increase (decrease) in net assets (1,650,946) 4,246,106 (57,238) 9,857 NET ASSETS: Beginning of period 28,535,968 24,289,862 243,519 233,662 ----------- ----------- -------- -------- End of period $26,885,022 $28,535,968 $186,281 $243,519 =========== =========== ======== ======== LMPVET INVESTORS LMPVET LARGE CAP GROWTH SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) ----------------------- -------------------------- 2007 2006 2007 2006 ----------- ---------- ------------ ------------ INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (50,522) $ (27,207) $ (241,504) $ (229,424) Net realized gains (losses) 441,984 375,926 448,546 133,986 Change in unrealized gains (losses) on investments (279,362) 639,671 224,750 406,457 ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 112,100 988,390 431,792 311,019 ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 19,221 42,705 43,200 136,941 Transfers from other funding options 1,251,927 227,593 614,392 513,987 Contract charges (1,407) (1,433) (2,178) (2,436) Contract surrenders (679,999) (652,558) (1,268,181) (813,304) Transfers to other funding options (269,579) (458,952) (1,098,970) (798,554) Other receipts (payments) (43,586) (56,381) (153,238) (47,830) ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 276,577 (899,026) (1,864,975) (1,011,196) ---------- ---------- ----------- ----------- Net increase (decrease) in net assets 388,677 89,364 (1,433,183) (700,177) NET ASSETS: Beginning of period 6,854,104 6,764,740 12,993,212 13,693,389 ---------- ---------- ----------- ----------- End of period $7,242,781 $6,854,104 $11,560,029 $12,993,212 ========== ========== =========== ===========
The accompanying notes are an integral part of these financial statements. 57
LMPVET MID CAP CORE LMPVET MULTIPLE DISCIPLINE LMPVET SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT-LARGE SUBACCOUNT (CLASS I) CAP GROWTH AND VALUE (CLASS I) ------------------------ -------------------------- ----------------------- 2007 2006 2007 (d) 2006 2007 2006 ----------- ----------- ------------ ------------ ---------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (166,183) $ (146,282) $ (125,061) $ (141,599) $ (127,889) $ (74,591) Net realized gains (losses) 2,236,026 1,528,500 1,662,431 426,313 646,007 252,635 Change in unrealized gains (losses) on investments (1,508,376) (112,695) (1,351,344) 751,241 (180,580) 195,584 ----------- ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 561,467 1,269,523 186,026 1,035,955 337,538 373,628 ----------- ----------- ------------ ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 86,868 52,429 11,075 237,600 44,078 29,895 Transfers from other funding options 440,419 113,598 93,901 397,177 4,215,727 145,532 Contract charges (1,523) (1,717) (1,617) (1,922) (1,001) (557) Contract surrenders (888,323) (780,806) (1,088,724) (1,008,825) (417,648) (193,629) Transfers to other funding options (813,251) (393,772) (10,360,339) (834,911) (291,255) (204,770) Other receipts (payments) (146,446) (45,011) (2,401) (43,330) (23,602) (27,871) ----------- ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (1,322,256) (1,055,279) (11,348,105) (1,254,211) 3,526,299 (251,400) ----------- ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets (760,789) 214,244 (11,162,079) (218,256) 3,863,837 122,228 NET ASSETS: Beginning of period 10,783,786 10,569,542 11,162,079 11,380,335 3,817,001 3,694,773 ----------- ----------- ------------ ----------- ---------- ---------- End of period $10,022,997 $10,783,786 $ -- $11,162,079 $7,680,838 $3,817,001 =========== =========== ============ =========== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 58
LMPVPII GROWTH LMPVET LMPVPI ALL CAP LMPVPI ALL CAP AND INCOME SOCIAL AWARENESS SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS II) (CLASS I) ----------------- ------------------------- ------------------- ------------------- 2007 2006 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 -------- ------- ------------ ----------- --------- -------- --------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (445) $ (824) $ (41,878) $ (74,983) $ (1,422) $ (1,238) $ (754) $ (2,303) Net realized gains (losses) 17,280 142 3,384,381 784,937 27,734 6,820 32,559 17,868 Change in unrealized gains (losses) on investments (10,228) 4,318 (2,746,750) 1,125,053 (16,770) 15,431 (26,839) (1,241) -------- ------- ------------ ----------- --------- -------- --------- -------- Net increase (decrease) in net assets resulting from operations 6,607 3,636 595,753 1,835,007 9,542 21,013 4,966 14,324 -------- ------- ------------ ----------- --------- -------- --------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- 18,700 -- 25,388 4,827 31,556 -- 17,468 Transfers from other funding options 25,919 5,357 71,491 266,997 11,381 53,919 246 1,172 Contract charges -- -- (23) (2,674) -- (21) -- (27) Contract surrenders -- -- (486,194) (1,126,740) -- -- -- (93,043) Transfers to other funding options (4,465) -- (13,020,671) (458,582) (219,484) (136) (124,911) (779) Other receipts (payments) -- -- (20,036) (28,421) -- -- (17,423) -- -------- ------- ------------ ----------- --------- -------- --------- -------- Net increase (decrease) in net assets resulting from contract transactions 21,454 24,057 (13,455,433) (1,324,032) (203,276) 85,318 (142,088) (75,209) -------- ------- ------------ ----------- --------- -------- --------- -------- Net increase (decrease) in net assets 28,061 27,693 (12,859,680) 510,975 (193,734) 106,331 (137,122) (60,885) NET ASSETS: Beginning of period 76,793 49,100 12,859,680 12,348,705 193,734 87,403 137,122 198,007 -------- ------- ------------ ----------- --------- -------- --------- -------- End of period $104,854 $76,793 $ -- $12,859,680 $ -- $193,734 $ -- $137,122 ======== ======= ============ =========== ========= ======== ========= ========
The accompanying notes are an integral part of these financial statements. 59
LMPVPI LMPVPII LMPVPV SMALL CAP LARGE CAP AGGRESSIVE GROWTH GROWTH OPPORTUNITIES GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) ----------------------- -------------------- -------------------- 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 ----------- ---------- --------- --------- --------- --------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (23,293) $ (73,218) $ (2,475) $ (8,683) $ (5,786) $ (19,644) Net realized gains (losses) 632,634 345,984 63,223 10,292 237,234 45,415 Change in unrealized gains (losses) on investments (349,278) 125,511 (46,766) (352) (204,154) 45,025 ----------- ---------- --------- --------- --------- --------- Net increase (decrease) in net assets resulting from operations 260,063 398,277 13,982 1,257 27,294 70,796 ----------- ---------- --------- --------- --------- --------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 2,674 61,396 -- 27,722 -- 93 Transfers from other funding options 28,224 498,449 16,013 11,588 2,428 13,307 Contract charges (5) (639) -- (43) -- (106) Contract surrenders (67,223) (198,540) (2,210) (120,140) (1,833) (156,885) Transfers to other funding options (4,241,461) (404,359) (375,625) (20,375) (848,220) (65,114) Other receipts (payments) -- (3,404) (26,075) -- (11,772) -- ----------- ---------- --------- --------- --------- --------- Net increase (decrease) in net assets resulting from contract transactions (4,277,791) (47,097) (387,897) (101,248) (859,397) (208,705) ----------- ---------- --------- --------- --------- --------- Net increase (decrease) in net assets (4,017,728) 351,180 (373,915) (99,991) (832,103) (137,909) NET ASSETS: Beginning of period 4,017,728 3,666,548 373,915 473,906 832,103 970,012 ----------- ---------- --------- --------- --------- --------- End of period $ -- $4,017,728 $ -- $ 373,915 $ -- $ 832,103 =========== ========== ========= ========= ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 60
LMPVPII LMPVET LMPVIT AGGRESSIVE GROWTH CAPITAL AND INCOME ADJUSTABLE RATE SUBACCOUNT SUBACCOUNT INCOME (CLASS II) (CLASS II) SUBACCOUNT ------------------------ ------------------------- ---------------------- 2007 (a) 2006 2007 2006 2007 2006 ----------- ----------- ------------ ----------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (13,391) $ (41,605) $ (630,381) $ (339,707) $ 138,233 $ 140,953 Net realized gains (losses) 447,984 42,377 12,004,476 2,803,653 (1,344) 6,173 Change in unrealized gains (losses) on investments (371,525) 143,814 (8,994,163) 3,199,529 (169,498) (29,662) ----------- ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 63,068 144,586 2,379,932 5,663,475 (32,609) 117,464 ----------- ----------- ------------ ----------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 4,749 178,617 534,380 392,154 7,614 61,341 Transfers from other funding options 16,819 65,582 1,511,934 4,789,255 208,545 727,423 Contract charges (3) (159) (10,569) (11,817) (617) (779) Contract surrenders (44,203) (97,965) (4,400,256) (5,952,150) (241,301) (494,572) Transfers to other funding options (1,986,038) (151,563) (5,687,795) (2,716,798) (330,834) (396,479) Other receipts (payments) -- (8,370) (2,740,511) (622,821) (131,173) (35,627) ----------- ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (2,008,676) (13,858) (10,792,817) (4,122,177) (487,766) (138,693) ----------- ----------- ------------ ----------- ---------- ---------- Net increase (decrease) in net assets (1,945,608) 130,728 (8,412,885) 1,541,298 (520,375) (21,229) NET ASSETS: Beginning of period 1,945,608 1,814,880 72,727,939 71,186,641 5,711,248 5,732,477 ----------- ----------- ------------ ----------- ---------- ---------- End of period $ -- $ 1,945,608 $ 64,315,054 $72,727,939 $5,190,873 $5,711,248 =========== =========== ============ =========== ========== ========== LMPVIT DIVERSIFIED STRATEGIC INCOME SUBACCOUNT ------------------------ 2007 2006 ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 354,747 $ 501,403 Net realized gains (losses) (60,107) (45,801) Change in unrealized gains (losses) on investments (280,376) (25,105) ----------- ----------- Net increase (decrease) in net assets resulting from operations 14,264 430,497 ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 7,126 12,351 Transfers from other funding options 362,947 464,671 Contract charges (1,840) (2,290) Contract surrenders (884,309) (1,619,280) Transfers to other funding options (1,164,636) (780,235) Other receipts (payments) (134,175) (257,872) ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (1,814,887) (2,182,655) ----------- ----------- Net increase (decrease) in net assets (1,800,623) (1,752,158) NET ASSETS: Beginning of period 12,604,841 14,356,999 ----------- ----------- End of period $10,804,218 $12,604,841 =========== ===========
The accompanying notes are an integral part of these financial statements. 61
LMPVPI TOTAL RETURN LMPVIT HIGH INCOME LMPVIT MONEY MARKET SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) ------------------------ ------------------------ ------------------- 2007 2006 2007 2006 2007 (a) 2006 ----------- ----------- ----------- ----------- --------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 1,373,780 $ 1,253,339 $ 372,591 $ 313,736 $ (792) $ (890) Net realized gains (losses) (45,092) (35,866) -- -- 67,359 13,689 Change in unrealized gains (losses) on investments (1,655,019) 637,648 -- -- (49,681) 40,061 ----------- ----------- ----------- ----------- --------- -------- Net increase (decrease) in net assets resulting from operations (326,331) 1,855,121 372,591 313,736 16,886 52,860 ----------- ----------- ----------- ----------- --------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 155,265 430,645 79,241 92,674 31,080 82,893 Transfers from other funding options 762,409 1,435,374 13,672,724 9,586,524 2,771 26,191 Contract charges (3,138) (3,726) (1,828) (2,156) (1) (50) Contract surrenders (1,686,285) (1,998,129) (7,279,621) (3,697,434) (5,307) (10,652) Transfers to other funding options (1,073,653) (1,241,175) (3,808,277) (5,965,844) (656,754) (1,128) Other receipts (payments) (212,542) (102,403) (168,715) (69,939) -- -- ----------- ----------- ----------- ----------- --------- -------- Net increase (decrease) in net assets resulting from contract transactions (2,057,944) (1,479,414) 2,493,524 (56,175) (628,211) 97,254 ----------- ----------- ----------- ----------- --------- -------- Net increase (decrease) in net assets (2,384,275) 375,707 2,866,115 257,561 (611,325) 150,114 NET ASSETS: Beginning of period 22,169,267 21,793,560 11,354,873 11,097,312 611,325 461,211 ----------- ----------- ----------- ----------- --------- -------- End of period $19,784,992 $22,169,267 $14,220,988 $11,354,873 $ -- $611,325 =========== =========== =========== =========== ========= ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 62
LORD ABBETT LORD ABBETT MIST BATTERYMARCH LMPVPIII GROWTH AND INCOME MID-CAP VALUE MID-CAP STOCK LARGE CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS VC) (CLASS VC) (CLASS A) --------------------- ----------------------- ------------------------- ------------------- 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 2007 2006 (b) --------- ---------- ----------- ---------- ------------ ----------- --------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (871) $ (3,518) $ (52,451) $ (59,891) $ (87,985) $ (196,816) $ (11,741) $(10,078) Net realized gains (losses) 201,485 52,258 1,165,633 314,307 2,247,422 1,089,933 74,886 (4,906) Change in unrealized gains (losses) on investments (153,153) 100,677 (832,439) 749,952 (858,749) 276,668 (29,600) (27,465) --------- ---------- ----------- ---------- ------------ ----------- --------- -------- Net increase (decrease) in net assets resulting from operations 47,461 149,417 280,743 1,004,368 1,300,688 1,169,785 33,545 (42,449) --------- ---------- ----------- ---------- ------------ ----------- --------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- -- 31,588 186,683 106,704 382,439 3,877 1,679 Transfers from other funding options 194 2,128 127,011 792,796 93,071 1,296,995 12,900 808,198 Contract charges -- (190) (7) (869) (11) (1,348) (65) (73) Contract surrenders (3,349) (80,406) (285,681) (416,983) (128,818) (558,804) (82,173) (47,628) Transfers to other funding options (967,182) (124,933) (8,067,756) (291,363) (14,348,460) (1,350,775) (122,922) (551) Other receipts (payments) (28) (26,421) 3,387 -- (32,034) (66,179) (23,956) -- --------- ---------- ----------- ---------- ------------ ----------- --------- -------- Net increase (decrease) in net assets resulting from contract transactions (970,365) (229,822) (8,191,458) 270,264 (14,309,548) (297,672) (212,339) 761,625 --------- ---------- ----------- ---------- ------------ ----------- --------- -------- Net increase (decrease) in net assets (922,904) (80,405) (7,910,715) 1,274,632 (13,008,860) 872,113 (178,794) 719,176 NET ASSETS: Beginning of period 922,904 1,003,309 7,910,715 6,636,083 13,008,860 12,136,747 719,176 -- --------- ---------- ----------- ---------- ------------ ----------- --------- -------- End of period $ -- $ 922,904 $ -- $7,910,715 $ -- $13,008,860 $ 540,382 $719,176 ========= ========== =========== ========== ============ =========== ========= ========
The accompanying notes are an integral part of these financial statements. 63
MIST BLACKROCK MIST BLACKROCK MIST BLACKROCK HIGH YIELD LARGE-CAP CORE LARGE-CAP CORE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS E) (CLASS A) ---------------------- ---------------- ----------------------- 2007 2006 (b) 2007 (c) 2006 2007 (a) 2006 (b) ---------- ---------- ---------- ---- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 86,915 $ (15,694) $ (26,382) $-- $ 2,625 $ (24,689) Net realized gains (losses) 5,191 1,317 (675) -- 220,063 7,547 Change in unrealized gains (losses) on investments (91,562) 68,489 20,287 -- (124,773) 124,773 ---------- ---------- ---------- --- ---------- ---------- Net increase (decrease) in net assets resulting from operations 544 54,112 (6,770) -- 97,915 107,631 ---------- ---------- ---------- --- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- 26,202 9,286 -- 906 40,575 Transfers from other funding options 382,719 1,124,026 2,194,115 -- 134,634 2,167,658 Contract charges (116) (97) (279) -- (18) (356) Contract surrenders (87,425) (33,325) (46,913) -- (17,847) (153,935) Transfers to other funding options (104,380) (29,055) (87,344) -- (2,181,937) (162,949) Other receipts (payments) (25,685) -- (13,145) -- -- (32,277) ---------- ---------- ---------- --- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 165,113 1,087,751 2,055,720 -- (2,064,262) 1,858,716 ---------- ---------- ---------- --- ---------- ---------- Net increase (decrease) in net assets 165,657 1,141,863 2,048,950 -- (1,966,347) 1,966,347 NET ASSETS: Beginning of period 1,141,863 -- -- -- 1,966,347 -- ---------- ---------- ---------- --- ---------- ---------- End of period $1,307,520 $1,141,863 $2,048,950 $-- $ -- $1,966,347 ========== ========== ========== === ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 64
MIST DREMAN MIST HARRIS OAKMARK MIST LAZARD SMALL-CAP VALUE INTERNATIONAL MIST JANUS FORTY MID-CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS A) (CLASS B) --------------------- ----------------------- ---------------------- -------------- 2007 2006 (b) 2007 2006 (b) 2007 2006 (b) 2007 (c) 2006 ---------- --------- ---------- ---------- ---------- ---------- -------- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (16,441) $ (2,111) $ (89,055) $ (92,088) $ (19,913) $ (12,761) $ (1,699) $-- Net realized gains (losses) 10,585 6,278 726,133 12,427 150,694 (4,156) (703) -- Change in unrealized gains (losses) on investments (41,370) 42,316 (884,075) 749,109 117,124 36,086 (13,693) -- ---------- --------- ----------- ---------- ---------- ---------- -------- --- Net increase (decrease) in net assets resulting from operations (47,226) 46,483 (246,997) 669,448 247,905 19,169 (16,095) -- ---------- --------- ----------- ---------- ---------- ---------- -------- --- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 13,128 39,123 78,442 49,752 68,967 6,787 2,003 -- Transfers from other funding options 709,771 661,212 1,795,868 7,774,836 681,674 1,015,010 147,815 -- Contract charges (48) (23) (771) (805) (181) (195) (40) -- Contract surrenders (35,708) (6,166) (533,456) (257,036) (62,229) (25,584) (3,974) -- Transfers to other funding options (64,618) (232,516) (1,070,052) (664,950) (236,239) (113,623) (21,411) -- Other receipts (payments) (38,989) (906) (31,943) (57,301) (2,727) -- (1,930) -- ---------- --------- ----------- ---------- ---------- ---------- -------- --- Net increase (decrease) in net assets resulting from contract transactions 583,536 460,724 238,088 6,844,496 449,265 882,395 122,463 -- ---------- --------- ----------- ---------- ---------- ---------- -------- --- Net increase (decrease) in net assets 536,310 507,207 (8,909) 7,513,944 697,170 901,564 106,368 -- NET ASSETS: Beginning of period 507,207 -- 7,513,944 -- 901,564 -- -- -- ---------- --------- ----------- ---------- ---------- ---------- -------- --- End of period $1,043,517 $ 507,207 $ 7,505,035 $7,513,944 $1,598,734 $ 901,564 $106,368 $-- ========== ========= =========== ========== ========== ========== ======== ===
The accompanying notes are an integral part of these financial statements. 65
MIST LEGG MASON PARTNERS MIST LORD ABBETT MIST LORD ABBETT MANAGED ASSETS BOND DEBENTURE GROWTH AND INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) ------------------------ ---------------------- ------------------------ 2007 2006 (b) 2007 2006 (b) 2007 2006 (b) -------- -------- ---------- ---------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 1,175 $ (3,314) $ 72,348 $ (35,764) $ (360,509) $ (301,450) Net realized gains (losses) 22,702 84 42,334 (1,289) 1,260,691 39,989 Change in unrealized gains (losses) on investments (12,841) 16,629 (16,356) 131,545 (644,155) 1,848,116 -------- -------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 11,036 13,399 98,326 94,492 256,027 1,586,655 -------- -------- ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 2,181 -- 2,985 -- 293,465 184,822 Transfers from other funding options 426 256,349 158,517 3,045,505 8,705,235 23,499,011 Contract charges (26) (26) (154) (206) (3,620) (3,475) Contract surrenders (13,859) (9,129) (394,181) (494,040) (1,581,806) (1,056,918) Transfers to other funding options (276) (440) (247,115) (270,093) (1,855,671) (720,889) Other receipts (payments) -- -- (58,740) -- (107,656) (214,052) -------- -------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (11,554) 246,754 (538,688) 2,281,166 5,449,947 21,688,499 -------- -------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets (518) 260,153 (440,362) 2,375,658 5,705,974 23,275,154 NET ASSETS: Beginning of period 260,153 -- 2,375,658 -- 23,275,154 -- -------- -------- ---------- ---------- ----------- ----------- End of period $259,635 $260,153 $1,935,296 $2,375,658 $28,981,128 $23,275,154 ======== ======== ========== ========== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 66
MIST LORD ABBETT MIST MET/AIM MIST MET/AIM MIST MET/AIM MID-CAP VALUE CAPITAL APPRECIATION CAPITAL APPRECIATION SMALL CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) (CLASS E) (CLASS A) --------------------- ---------------------- -------------------- ------------------ 2007 2006 (b) 2007 2006 (b) 2007 (c) 2006 2007 2006 (b) ----------- -------- ---------- ---------- ---------- ---- --------- ------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (184,322) $ (2,934) $ (46,088) $ (27,271) $ (16,665) $-- $ (3,975) $(1,063) Net realized gains (losses) 19,020 847 (9,836) 276,296 7,308 -- 7,266 960 Change in unrealized gains (losses) on investments (1,222,583) 38,128 273,045 (289,262) 42,229 -- 4,323 564 ----------- -------- ---------- ---------- ---------- --- --------- ------- Net increase (decrease) in net assets resulting from operations (1,387,885) 36,041 217,121 (40,237) 32,872 -- 7,614 461 ----------- -------- ---------- ---------- ---------- --- --------- ------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 54,661 3,743 -- 34,936 35,000 -- -- -- Transfers from other funding options 14,630,775 441,618 4,627 2,456,745 1,240,072 -- 332,530 92,892 Contract charges (1,181) (21) (579) (607) (180) -- (13) (12) Contract surrenders (439,528) (3,037) (191,155) (96,613) (35,952) -- -- -- Transfers to other funding options (1,172,383) (58,932) (41,508) (18,257) (138,271) -- (218,006) (7,140) Other receipts (payments) (95,567) -- (60,818) -- -- -- -- (914) ----------- -------- ---------- ---------- ---------- --- --------- ------- Net increase (decrease) in net assets resulting from contract transactions 12,976,777 383,371 (289,433) 2,376,204 1,100,669 -- 114,511 84,826 ----------- -------- ---------- ---------- ---------- --- --------- ------- Net increase (decrease) in net assets 11,588,892 419,412 (72,312) 2,335,967 1,133,541 -- 122,125 85,287 NET ASSETS: Beginning of period 419,412 -- 2,335,967 -- -- -- 85,287 -- ----------- -------- ---------- ---------- ---------- --- --------- ------- End of period $12,008,304 $419,412 $2,263,655 $2,335,967 $1,133,541 $-- $ 207,412 $85,287 =========== ======== ========== ========== ========== === ========= =======
The accompanying notes are an integral part of these financial statements. 67
MIST MFS EMERGING MIST MFS MIST MFS MARKETS EQUITY RESEARCH INTERNATIONAL VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) ----------------- ---------------------- ----------------------- 2007 (c) 2006 2007(c) 2006 2007 2006 (b) --------- ---- ---------- ---- ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (184) $-- $ (29,898) $-- $ (117,303) $ (352) Net realized gains (losses) 3,352 -- 22,196 -- 238,561 231,873 Change in unrealized gains (losses) on investments 862 -- 106,918 -- 194,427 255,319 -------- --- ---------- --- ----------- ---------- Net increase (decrease) in net assets resulting from operations 4,030 -- 99,216 -- 315,685 486,840 -------- --- ---------- --- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- -- 882 -- 132,701 12,086 Transfers from other funding options 15,620 -- 2,854,409 -- 1,284,327 5,350,781 Contract charges -- -- (157) -- (708) (684) Contract surrenders (15,544) -- (320,315) -- (308,389) (185,667) Transfers to other funding options -- -- (346,311) -- (1,408,140) (335,124) Other receipts (payments) -- -- (29,101) -- (9,317) (1,012) -------- --- ---------- --- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions 76 -- 2,159,407 -- (309,526) 4,840,380 -------- --- ---------- --- ----------- ---------- Net increase (decrease) in net assets 4,106 -- 2,258,623 -- 6,159 5,327,220 NET ASSETS: Beginning of period -- -- -- -- 5,327,220 -- -------- --- ---------- --- ----------- ---------- End of period $ 4,106 $-- $2,258,623 $-- $ 5,333,379 $5,327,220 ======== === ========== === =========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 68
MIST NEUBERGER BERMAN MIST OPPENHEIMER MIST PIMCO INFLATION MIST REAL ESTATE CAPITAL APPRECIATION PROTECTED BOND PIONEER FUND SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS A) (CLASS A) ----------------------- ---------------------- -------------------- ---------------------- 2007 2006 (b) 2007 2006 (b) 2007 (c) 2006 2007 2006 (b) ----------- ---------- ---------- ---------- ----------- ---- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (45,504) $ (58,879) $ (36,096) $ (21,659) $ (262,177) $-- $ (27,761) $ (33,078) Net realized gains (losses) 493,911 40,541 119,494 (4,433) 33,362 -- 74,644 (142) Change in unrealized gains (losses) on investments (1,201,232) 814,393 104,705 46,460 1,411,677 -- 35,302 206,417 ----------- ---------- ---------- ---------- ----------- --- ---------- ---------- Net increase (decrease) in net assets resulting from operations (752,825) 796,055 188,103 20,368 1,182,862 -- 82,185 173,197 ----------- ---------- ---------- ---------- ----------- --- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 62,684 85,809 20,466 93,071 22,208 -- 12,220 -- Transfers from other funding options 1,160,485 4,280,644 112,503 1,563,388 20,887,424 -- 64,451 2,681,815 Contract charges (354) (385) (107) (123) (1,887) -- (236) (290) Contract surrenders (463,885) (116,910) (112,505) (32,594) (496,443) -- (178,379) (40,412) Transfers to other funding options (1,308,594) (326,320) (91,896) (31,781) (1,100,092) -- (349,018) (243,567) Other receipts (payments) (222) (16,993) 95 -- (71,312) -- (4,343) -- ----------- ---------- ---------- ---------- ----------- --- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (549,886) 3,905,845 (71,444) 1,591,961 19,239,898 -- (455,305) 2,397,546 ----------- ---------- ---------- ---------- ----------- --- ---------- ---------- Net increase (decrease) in net assets (1,302,711) 4,701,900 116,659 1,612,329 20,422,760 -- (373,120) 2,570,743 NET ASSETS: Beginning of period 4,701,900 -- 1,612,329 -- -- -- 2,570,743 -- ----------- ---------- ---------- ---------- ----------- --- ---------- ---------- End of period $ 3,399,189 $4,701,900 $1,728,988 $1,612,329 $20,422,760 $-- $2,197,623 $2,570,743 =========== ========== ========== ========== =========== === ========== ==========
The accompanying notes are an integral part of these financial statements. 69
MIST PIONEER MIST PIONEER MIST THIRD AVENUE MID-CAP VALUE STRATEGIC INCOME SMALL CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) ------------------- ------------------------ -------------------------- 2007 (a) 2006 (b) 2007 2006 (b) 2007 2006 (b) --------- -------- ----------- ----------- ------------ ------------ INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (119) $ (581) $ (169,537) $ 382,405 $ (198,736) $ (90,720) Net realized gains (losses) 14,304 1,338 27,539 15,711 732,560 (10,355) Change in unrealized gains (losses) on investments (4,304) 4,304 678,242 (32,988) (1,720,851) 352,377 --------- -------- ----------- ----------- ----------- ------------ Net increase (decrease) in net assets resulting from operations 9,881 5,061 536,244 365,128 (1,187,027) 251,302 --------- -------- ----------- ----------- ----------- ------------ CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- -- 53,350 170,349 154,871 26,332 Transfers from other funding options 48,472 66,388 1,697,479 12,365,222 7,964,122 12,193,197 Contract charges -- (11) (939) (1,125) (1,880) (624) Contract surrenders (121) (410) (604,382) (487,422) (764,730) (225,661) Transfers to other funding options (121,252) (8,006) (633,322) (422,814) (1,957,287) (520,326) Other receipts (payments) (2) -- (136,285) (246,175) (36,811) (4,743) --------- -------- ----------- ----------- ----------- ------------ Net increase (decrease) in net assets resulting from contract transactions (72,903) 57,961 375,901 11,378,035 5,358,285 11,468,175 --------- -------- ----------- ----------- ----------- ------------ Net increase (decrease) in net assets (63,022) 63,022 912,145 11,743,163 4,171,258 11,719,477 --------- -------- ----------- ----------- ----------- ------------ NET ASSETS: Beginning of period 63,022 -- 11,743,163 -- 11,719,477 -- --------- -------- ----------- ----------- ----------- ------------ End of period $ -- $ 63,022 $12,655,308 $11,743,163 $15,890,735 $ 11,719,477 ========= ======== =========== =========== =========== ============
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 70
MSF BLACKROCK MSF BLACKROCK MSF BLACKROCK AGGRESSIVE GROWTH BOND INCOME BOND INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS D) (CLASS A) (CLASS E) ---------------------- ----------------------- ------------------------ 2007 2006 2007 2006 (b) 2007 2006 (b) ---------- ---------- ---------- ----------- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (62,798) $ (38,207) $ 14,177 $ (17,103) $ 175,689 $ (219,713) Net realized gains (losses) 55,005 (23,462) 10,302 3,000 111,746 52,458 Change in unrealized gains (losses) on investments 531,774 (29,542) 23,217 56,066 311,122 739,181 ---------- ---------- ---------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 523,981 (91,211) 47,696 41,963 598,557 571,926 ---------- ---------- ---------- ----------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 6,412 90,248 -- 31,609 168,784 135,299 Transfers from other funding options 457,588 3,249,252 59,671 1,443,087 808,659 17,718,329 Contract charges (420) (461) (126) (131) (2,415) (2,896) Contract surrenders (276,467) (142,896) (129,306) (217,161) (1,249,975) (1,498,748) Transfers to other funding options (189,341) (190,942) (43,888) (29,496) (1,134,337) (804,475) Other receipts (payments) (22,483) (851) (34,060) -- (99,859) (127,755) ---------- ---------- ---------- ----------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (24,711) 3,004,530 (147,709) 1,227,908 (1,509,143) 15,419,754 ---------- ---------- ---------- ----------- ----------- ----------- Net increase (decrease) in net assets 499,270 2,913,319 (100,013) 1,269,871 (910,586) 15,991,680 ---------- ---------- ---------- ----------- ----------- ----------- NET ASSETS: Beginning of period 2,913,319 -- 1,269,871 -- 15,991,680 -- ---------- ---------- ---------- ----------- ----------- ----------- End of period $3,412,589 $2,913,319 $1,169,858 $ 1,269,871 $15,081,094 $15,991,680 ========== ========== ========== =========== =========== =========== MSF BLACKROCK MONEY MARKET SUBACCOUNT (CLASS A) ----------------------- 2007 2006 (b) ----------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 79,601 $ 45,157 Net realized gains (losses) -- -- Change in unrealized gains (losses) on investments -- -- ----------- ---------- Net increase (decrease) in net assets resulting from operations 79,601 45,157 ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 457,810 1,015,489 Transfers from other funding options 4,570,494 3,710,463 Contract charges (260) (328) Contract surrenders (811,941) (802,181) Transfers to other funding options (2,705,322) (1,775,371) Other receipts (payments) (13,716) -- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions 1,497,065 2,148,072 ----------- ---------- Net increase (decrease) in net assets 1,576,666 2,193,229 ----------- ---------- NET ASSETS: Beginning of period 2,193,229 -- ----------- ---------- End of period $ 3,769,895 $2,193,229 =========== ==========
The accompanying notes are an integral part of these financial statements. 71
MSF CAPITAL GUARDIAN MSF MSF U.S. EQUITY FI LARGE CAP FI VALUE LEADERS SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS D) --------------------- ------------------------ ------------------------- 2007 2006 (b) 2007 2006 (b) 2007 2006 (b) --------- ---------- ----------- ----------- ------------ ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (12,369) $ (13,960) $ (75,518) $ (54,785) $ (167,660) $ (207,402) Net realized gains (losses) 57,543 664 294,264 (22,364) 1,442,485 (57,109) Change in unrealized gains (losses) on investments (61,585) 37,953 (131,690) 110,226 (919,930) 571,390 --------- ---------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from operations (16,411) 24,657 87,056 33,077 354,895 306,879 --------- ---------- ---------- ---------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- 7,250 6,271 613 140,150 75,827 Transfers from other funding options 143,267 1,195,415 92,570 4,696,260 194,552 17,470,279 Contract charges (123) (91) (785) (871) (2,808) (3,246) Contract surrenders (58,703) (55,263) (365,401) (201,303) (1,545,145) (1,159,608) Transfers to other funding options (170,860) (244,607) (158,355) (226,173) (1,087,987) (653,224) Other receipts (payments) (11,583) (31,013) (17,530) (17,922) (85,108) (49,681) --------- ---------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (98,002) 871,691 (443,230) 4,250,604 (2,386,346) 15,680,347 --------- ---------- ---------- ---------- ----------- ----------- Net increase (decrease) in net assets (114,413) 896,348 (356,174) 4,283,681 (2,031,451) 15,987,226 NET ASSETS: Beginning of period 896,348 -- 4,283,681 -- 15,987,226 -- --------- ---------- ---------- ---------- ----------- ----------- End of period $ 781,935 $ 896,348 $3,927,507 $4,283,681 $13,955,775 $15,987,226 ========= ========== ========== ========== =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 72
MSF METLIFE MSF METLIFE MSF METLIFE CONSERVATIVE AGGRESSIVE ALLOCATION CONSERVATIVE ALLOCATION TO MODERATE ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) --------------------- ----------------------- ------------------------ 2007 2006 (b) 2007 2006 (b) 2007 2006 (b) ---------- --------- ---------- ---------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (15,590) $ (8,438) $ (45,341) $ (15,018) $ (32,670) $ (8,688) Net realized gains (losses) 36,712 40 26,727 19,034 13,848 1,460 Change in unrealized gains (losses) on investments (56,942) 56,204 89,105 55,250 46,374 44,691 --------- -------- ---------- ---------- ---------- -------- Net increase (decrease) in net assets resulting from operations (35,820) 47,806 70,491 59,266 27,552 37,463 --------- -------- ---------- ---------- ---------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 1,400 54,717 63,000 -- 12,761 -- Transfers from other funding options 758,195 679,979 2,015,999 1,470,929 1,722,525 712,639 Contract charges (136) (119) (125) (61) (82) (87) Contract surrenders (4,924) -- (98,061) (465,193) (124,174) (4,770) Transfers to other funding options (367,985) (30) (481,600) (81,508) (111,940) (25,943) Other receipts (payments) -- -- -- (13,773) -- -- ---------- -------- ---------- ---------- ---------- -------- Net increase (decrease) in net assets resulting from contract transactions 386,550 734,547 1,499,213 910,394 1,499,090 681,839 ---------- -------- ---------- ---------- ---------- -------- Net increase (decrease) in net assets 350,730 782,353 1,569,704 969,660 1,526,642 719,302 NET ASSETS: Beginning of period 782,353 -- 969,660 -- 719,302 -- ---------- -------- ---------- ---------- ---------- -------- End of period $1,133,083 $782,353 $2,539,364 $ 969,660 $2,245,944 $719,302 ========== ======== ========== ========== ========== ======== MSF METLIFE MODERATE ALLOCATION SUBACCOUNT (CLASS B) ---------------------- 2007 2006 (b) ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (59,025) $ (23,866) Net realized gains (losses) 26,426 3,604 Change in unrealized gains (losses) on investments 70,115 109,842 --------- --------- Net increase (decrease) in net assets resulting from operations 37,516 89,580 --------- --------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 68,408 20,145 Transfers from other funding options 1,903,937 2,008,675 Contract charges (429) (388) Contract surrenders (174,141) (33,204) Transfers to other funding options (119,490) (244,744) Other receipts (payments) -- -- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 1,678,285 1,750,484 ---------- ---------- Net increase (decrease) in net assets 1,715,801 1,840,064 NET ASSETS: Beginning of period 1,840,064 -- ---------- ---------- End of period $3,555,865 $1,840,064 ========== ==========
The accompanying notes are an integral part of these financial statements. 73
MSF METLIFE MODERATE MSF MFS MSF MFS TO AGGRESSIVE ALLOCATION TOTAL RETURN TOTAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS F) ------------------------ -------------- ------------------------ 2007 2006 (b) 2007 (c) 2006 2007 2006 (b) ---------- ------------ -------- ---- ----------- ----------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (53,245) $ (27,918) $ (102) $-- $ 18,939 $ (629,726) Net realized gains (losses) 46,393 4,400 (1) -- 2,088,070 68,573 Change in unrealized gains (losses) on investments 43,551 144,876 (648) -- (1,034,717) 3,601,556 ---------- ---------- ------- --- ----------- ----------- Net increase (decrease) in net assets resulting from operations 36,699 121,358 (751) -- 1,072,292 3,040,403 ---------- ---------- ------- --- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 149,694 50,964 18,788 -- 524,998 374,853 Transfers from other funding options 660,850 2,787,322 28,097 -- 1,394,245 50,593,648 Contract charges (207) (190) -- -- (7,541) (8,845) Contract surrenders (45,133) (101,620) -- -- (3,943,970) (4,047,295) Transfers to other funding options (95,177) (607,280) -- -- (2,231,381) (1,340,804) Other receipts (payments) -- -- -- -- (346,815) (144,424) ---------- ---------- ------- --- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions 670,027 2,129,196 46,885 -- (4,610,464) 45,427,133 ---------- ---------- ------- --- ----------- ----------- Net increase (decrease) in net assets 706,726 2,250,554 46,134 -- (3,538,172) 48,467,536 NET ASSETS: Beginning of period 2,250,554 -- -- -- 48,467,536 -- ---------- ---------- ------- --- ----------- ----------- End of period $2,957,280 $2,250,554 $46,134 $-- $44,929,364 $48,467,536 ========== ========== ======= === =========== ===========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 74
MSF WESTERN MSF WESTERN MSF OPPENHEIMER MSF T. ROWE PRICE ASSET MANAGEMENT ASSET MANAGEMENT GLOBAL EQUITY LARGE CAP GROWTH HIGH YIELD BOND U.S. GOVERNMENT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS A) (CLASS A) ------------------------ ---------------------- ------------------- ------------------ 2007 2006 (b) 2007 2006 (b) 2007 (a) 2006 (b) 2007 2006 (b) ----------- ----------- ---------- ---------- --------- -------- -------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (188,528) $ (198,070) $ (38,934) $ (27,789) $ 28,862 $ (5,224) $ 1,653 $ (3,597) Net realized gains (losses) 421,405 (16,684) 71,615 1,897 8,334 427 983 160 Change in unrealized gains (losses) on investments 424,149 1,005,886 133,985 174,745 (24,907) 24,907 3,195 11,114 ----------- ----------- ---------- ---------- --------- -------- -------- -------- Net increase (decrease) in net assets resulting from operations 657,026 791,132 166,666 148,853 12,289 20,110 5,831 7,677 ----------- ----------- ---------- ---------- --------- -------- -------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 177,898 184,922 498 -- 232 -- 3,200 -- Transfers from other funding options 669,339 16,067,317 79,542 2,316,052 671 375,747 10,311 260,225 Contract charges (1,381) (1,506) (303) (350) -- (48) (8) (16) Contract surrenders (722,145) (332,173) (188,648) (147,443) (60,249) (16,519) (5,981) (6,262) Transfers to other funding options (751,253) (866,220) (121,132) (28,904) (315,480) (16,654) (13,215) (1,840) Other receipts (payments) (149,498) (91,759) (22,537) (3,938) (99) -- -- -- ----------- ----------- ---------- ---------- --------- -------- -------- -------- Net increase (decrease) in net assets resulting from contract transactions (777,040) 14,960,581 (252,580) 2,135,417 (374,925) 342,526 (5,693) 252,107 ----------- ----------- ---------- ---------- --------- -------- -------- -------- Net increase (decrease) in net assets (120,014) 15,751,713 (85,914) 2,284,270 (362,636) 362,636 138 259,784 NET ASSETS: Beginning of period 15,751,713 -- 2,284,270 -- 362,636 -- 259,784 -- ----------- ----------- ---------- ---------- --------- -------- -------- -------- End of period $15,631,699 $15,751,713 $2,198,356 $2,284,270 $ -- $362,636 $259,922 $259,784 =========== =========== ========== ========== ========= ======== ======== ========
The accompanying notes are an integral part of these financial statements. 75
PIMCO VIT PIMCO VIT PIONEER AMERICA REAL RETURN TOTAL RETURN INCOME VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (ADMINISTRATIVE CLASS) (ADMINISTRATIVE CLASS) (CLASS II) ---------------------------- ---------------------------- -------------------------- 2007 (a) 2006 2007 2006 2007 (d) 2006 -------- ---- ---- ---- -------- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 175,746 $ 448,319 $ 1,749,481 $ 1,556,242 $ 36,278 $ 33,812 Net realized gains (losses) (1,176,671) 454,809 (170,768) 107,194 (17,007) (7,152) Change in unrealized gains (losses) on investments 1,368,020 (1,120,868) 2,393,377 (531,330) 33,753 (5,753) ------------ ----------- ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from operations 367,095 (217,740) 3,972,090 1,132,106 53,024 20,907 ------------ ----------- ----------- ----------- ----------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 49,259 391,091 612,109 1,151,050 41,542 105,733 Transfers from other funding options 1,312,860 3,398,898 7,043,574 7,331,646 172,229 429,914 Contract charges (1) (2,200) (8,161) (9,998) (176) (202) Contract surrenders (450,076) (813,134) (4,699,607) (7,527,956) (236,912) (93,029) Transfers to other funding options (20,436,794) (1,730,197) (3,730,043) (3,183,837) (1,627,060) (113,198) Other receipts (payments) (150,480) (124,470) (511,067) (723,933) (23,808) -- ------------ ----------- ----------- ----------- ----------- ---------- Net increase (decrease) in net assets resulting from contract transactions (19,675,232) 1,119,988 (1,293,195) (2,963,028) (1,674,185) 329,218 ------------ ----------- ----------- ----------- ----------- ---------- Net increase (decrease) in net assets (19,308,137) 902,248 2,678,895 (1,830,922) (1,621,161) 350,125 NET ASSETS: Beginning of period 19,308,137 18,405,889 60,862,946 62,693,868 1,621,161 1,271,036 ------------ ----------- ----------- ----------- ----------- ---------- End of period $ -- $19,308,137 $63,541,841 $60,862,946 $ -- $1,621,161 ============ =========== =========== =========== =========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 76
PIONEER PIONEER PIONEER EMERGING BOND VCT CULLEN VALUE VCT MARKETS VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------ ---------------------- --------------------- 2007 (e) 2006 2007 2006 2007 2006 -------- ---- ---- ---- ---- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 5,348 $-- $(10,455) $(10,037) $ (15,607) $ (13,543) Net realized gains (losses) 136 -- 8,216 3,390 185,036 123,330 Change in unrealized gains (losses) on investments 11,191 -- 33,594 75,324 103,421 83,718 ---------- --- -------- -------- --------- --------- Net increase (decrease) in net assets resulting from operations 16,675 -- 31,355 68,677 272,850 193,505 ---------- --- -------- -------- --------- --------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- -- 41,084 351,028 87,671 143,276 Transfers from other funding options 1,648,347 -- 51,657 133,561 7,947 53,623 Contract charges -- -- (92) (49) (73) (54) Contract surrenders (24,524) -- (24,381) (15,066) (26,188) (82,489) Transfers to other funding options (84,871) -- (12,378) (16,992) (233,006) (110,005) Other receipts (payments) -- -- -- (6,524) -- (17,147) ---------- --- -------- -------- --------- --------- Net increase (decrease) in net assets resulting from contract transactions 1,538,952 -- 55,890 445,958 (163,649) (12,796) ---------- --- -------- -------- --------- --------- Net increase (decrease) in net assets 1,555,627 -- 87,245 514,635 109,201 180,709 NET ASSETS: Beginning of period -- -- 758,135 243,500 784,915 604,206 ---------- --- -------- -------- --------- --------- End of period $1,555,627 $-- $845,380 $758,135 $ 894,116 $ 784,915 ========== === ======== ======== ========= ========= PIONEER EQUITY INCOME VCT SUBACCOUNT (CLASS II) ------------------------ 2007 2006 ---- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 5,108 $ 4,805 Net realized gains (losses) 130,725 61,960 Change in unrealized gains (losses) on investments (179,543) 302,351 ---------- ---------- Net increase (decrease) in net assets resulting from operations (43,710) 369,116 ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 127,037 189,465 Transfers from other funding options 198,546 101,983 Contract charges (293) (272) Contract surrenders (207,884) (74,504) Transfers to other funding options (38,750) (86,323) Other receipts (payments) (10,970) (14,961) ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 67,686 115,388 ---------- ---------- Net increase (decrease) in net assets 23,976 484,504 NET ASSETS: Beginning of period 2,284,481 1,799,977 ---------- ---------- End of period $2,308,457 $2,284,481 ========== ==========
The accompanying notes are an integral part of these financial statements. 77
PIONEER EQUITY PIONEER PIONEER GLOBAL OPPORTUNITY VCT FUND VCT HIGH YIELD VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------- ------------------------ ------------------------ 2007 (d) 2006 2007 2006 2007 2006 -------- ---- ---- ---- ---- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (994) $ (770) $ (18,816) $ (17,714) $ 161,862 $ 75,079 Net realized gains (losses) 16,456 1,433 52,386 72,696 44,652 12,087 Change in unrealized gains (losses) on investments (8,766) 8,023 6,129 127,550 (216,254) 61,027 -------- ------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 6,696 8,686 39,699 182,532 (9,740) 148,193 -------- ------- ---------- ---------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- 32,862 7,222 128,595 344,534 360,593 Transfers from other funding options -- -- 721,928 110,389 323,495 1,194,905 Contract charges (7) (3) (156) (181) (109) (43) Contract surrenders (6,628) (9,636) (74,540) (116,611) (178,227) (38,699) Transfers to other funding options (61,764) -- (117,517) (318,253) (173,158) (74,736) Other receipts (payments) (4) (738) (27,755) (27,554) (18) (729) -------- ------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (68,403) 22,485 509,182 (223,615) 316,517 1,441,291 -------- ------- ---------- ---------- ---------- ---------- Net increase (decrease) in net assets (61,707) 31,171 548,881 (41,083) 306,777 1,589,484 NET ASSETS: Beginning of period 61,707 30,536 1,458,720 1,499,803 2,461,743 872,259 -------- ------- ---------- ---------- ---------- ---------- End of period $ -- $61,707 $2,007,601 $1,458,720 $2,768,520 $2,461,743 ======== ======= ========== ========== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 78
PIONEER PIONEER IBBOTSON PIONEER IBBOTSON HIGH YIELD VCT AGGRESSIVE ALLOCATION VCT GROWTH ALLOCATION VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------ ------------------------- -------------------------- 2007 2006 2007 2006 2007 2006 ---- ---- ---- ---- ---- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 77,722 $ 75,214 $ (8,018) $ (10,583) $ (245,130) $ (106,901) Net realized gains (losses) 6,476 13,653 28,048 4,412 435,740 18,364 Change in unrealized gains (losses) on investments 3,207 53,393 3,414 64,013 199,440 659,563 ---------- ---------- -------- --------- ----------- ----------- Net increase (decrease) in net assets resulting from operations 87,405 142,260 23,444 57,842 390,050 571,026 ---------- ---------- -------- --------- ----------- ----------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 29,396 149,150 4,481 194,670 5,580,618 9,352,369 Transfers from other funding options 229,809 381,734 17,972 409,455 2,177,622 2,006,779 Contract charges (388) (422) (32) (30) (1,521) (112) Contract surrenders (78,601) (58,670) (15,910) -- (382,904) (248,049) Transfers to other funding options (261,848) (397,780) (535) (106,091) (1,492,311) (5,075) Other receipts (payments) 92 -- -- (5,575) (32) -- ---------- ---------- -------- --------- ----------- ----------- Net increase (decrease) in net assets resulting from contract transactions (81,540) 74,012 5,976 492,429 5,881,472 11,105,912 ---------- ---------- -------- --------- ----------- ----------- Net increase (decrease) in net assets 5,865 216,272 29,420 550,271 6,271,522 11,676,938 NET ASSETS: Beginning of period 2,562,129 2,345,857 784,258 233,987 11,865,952 189,014 ---------- ---------- -------- --------- ----------- ----------- End of period $2,567,994 $2,562,129 $813,678 $ 784,258 $18,137,474 $11,865,952 ========== ========== ======== ========= =========== =========== PIONEER IBBOTSON MODERATE ALLOCATION VCT SUBACCOUNT (CLASS II) ------------------------ 2007 2006 ---- ---- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (111,992) $ (46,858) Net realized gains (losses) 174,441 48,138 Change in unrealized gains (losses) on investments 117,462 246,643 ---------- ---------- Net increase (decrease) in net assets resulting from operations 179,911 247,923 ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 2,752,903 3,520,791 Transfers from other funding options 1,831,387 1,232,504 Contract charges (594) (194) Contract surrenders (427,981) (767,636) Transfers to other funding options (442,989) (97,343) Other receipts (payments) (48,914) -- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions 3,663,812 3,888,122 ---------- ---------- Net increase (decrease) in net assets 3,843,723 4,136,045 NET ASSETS: Beginning of period 5,046,367 910,322 ---------- ---------- End of period $8,890,090 $5,046,367 ========== ==========
The accompanying notes are an integral part of these financial statements. 79
PIONEER PIONEER PIONEER INDEPENDENCE VCT INTERNATIONAL VALUE VCT MID CAP VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------ ----------------------- ---------------------- 2007 2006 2007 2006 2007 2006 -------- -------- ---------- ----------- ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (2,926) $ (2,657) $(14,521) $ (9,499) $ (32,409) $ (37,010) Net realized gains (losses) 5,187 516 40,613 13,941 207,023 439,162 Change in unrealized gains (losses) on investments 5,146 10,832 48,720 91,145 (110,652) (227,393) -------- -------- -------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from operations 7,407 8,691 74,812 95,587 63,962 174,759 -------- -------- -------- -------- ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners -- 20,131 4,635 89,422 77,047 268,678 Transfers from other funding options 24,391 4,068 184,738 218,487 102,154 49,968 Contract charges (17) (17) (117) (76) (162) (135) Contract surrenders (757) (2,490) (25,621) (17,405) (100,168) (30,897) Transfers to other funding options (25,540) (1,217) (103,976) (42,970) (101,632) (71,487) Other receipts (payments) -- -- -- -- 122 -- -------- -------- -------- -------- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (1,923) 20,475 59,659 247,458 (22,639) 216,127 -------- -------- -------- -------- ---------- ---------- Net increase (decrease) in net assets 5,484 29,166 134,471 343,045 41,323 390,886 NET ASSETS: Beginning of period 138,192 109,026 747,190 404,145 1,978,563 1,587,677 -------- -------- -------- -------- ---------- ---------- End of period $143,676 $138,192 $881,661 $747,190 $2,019,886 $1,978,563 ======== ======== ======== ======== ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 80
PIONEER OAK RIDGE PIONEER REAL ESTATE PIONEER SMALL AND PIONEER SMALL CAP LARGE CAP GROWTH VCT SHARES VCT MID CAP GROWTH VCT VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) (CLASS II) ---------------------- ------------------- ------------------- ------------------ 2007 2006 2007 2006 2007 (d) 2006 2007 2006 ---------- ---------- --------- -------- --------- -------- -------- -------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (22,980) $ (18,226) $ 3,439 $ 1,517 $ (16,140) $(16,064) $(12,977) $(14,777) Net realized gains (losses) 19,051 23,167 85,437 55,655 238,755 5,201 171,919 51,361 Change in unrealized gains (losses) on investments 68,477 16,256 (256,935) 133,120 (91,662) 50,268 (231,759) 37,669 ---------- ---------- --------- -------- --------- -------- -------- -------- Net increase (decrease) in net assets resulting from operations 64,548 21,197 (168,059) 190,292 130,953 39,405 (72,817) 74,253 ---------- ---------- --------- -------- --------- -------- -------- -------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 8,601 195,387 1,550 104,281 1,919 108,790 3,822 126,619 Transfers from other funding options 34,303 435,363 93,100 124,172 56,986 54,395 111,524 153,985 Contract charges (103) (104) (287) (318) (26) (28) (44) (37) Contract surrenders (53,783) (9,285) (54,774) (28,360) (49,986) (16,865) (57,446) (19,136) Transfers to other funding options (60,373) (117,857) (81,516) (67,712) (943,644) (33,432) (43,195) (231,891) Other receipts (payments) -- (18,977) -- (15,654) -- -- -- (15,328) ---------- ---------- --------- -------- --------- -------- -------- -------- Net increase (decrease) in net assets resulting from contract transactions (71,355) 484,527 (41,927) 116,409 (934,751) 112,860 14,661 14,212 ---------- ---------- --------- -------- --------- -------- -------- -------- Net increase (decrease) in net assets (6,807) 505,724 (209,986) 306,701 (803,798) 152,265 (58,156) 88,465 NET ASSETS: Beginning of period 1,123,926 618,202 831,840 525,139 803,798 651,533 750,557 662,092 ---------- ---------- --------- -------- --------- -------- -------- -------- End of period $1,117,119 $1,123,926 $ 621,854 $831,840 $ -- $803,798 $692,401 $750,557 ========== ========== ========= ======== ========= ======== ======== ========
The accompanying notes are an integral part of these financial statements. 81
PIONEER STRATEGIC PIONEER PUTNAM VT INCOME VCT VALUE VCT DISCOVERY GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS IB) ---------------------- ------------------- ---------------- 2007 2006 2007 (d) 2006 2007 2006 ---------- ---------- --------- -------- ------- ------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 101,345 $ 89,226 $ 5,898 $(15,301) $(1,186) $(1,129) Net realized gains (losses) 14,618 4,542 106,482 57,148 7,335 3,664 Change in unrealized gains (losses) on investments 13,906 26,398 (112,563) 45,437 (316) 3,715 ---------- ---------- --------- -------- ------- ------- Net increase (decrease) in net assets resulting from operations 129,869 120,166 (183) 87,284 5,833 6,250 ---------- ---------- --------- -------- ------- ------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 34,551 481,429 2,071 40,040 -- -- Transfers from other funding options 388,605 500,096 31,846 99,770 26 -- Contract charges (486) (504) (81) (97) (12) (16) Contract surrenders (167,629) (180,780) (56,435) (88,775) (1,575) (9,915) Transfers to other funding options (344,841) (341,400) (762,062) (36,985) -- (53) Other receipts (payments) (16,180) (701) (4,952) (14,188) -- -- ---------- ---------- --------- -------- ------- ------- Net increase (decrease) in net assets resulting from contract transactions (105,980) 458,140 (789,613) (235) (1,561) (9,984) ---------- ---------- --------- -------- ------- ------- Net increase (decrease) in net assets 23,889 578,306 (789,796) 87,049 4,272 (3,734) NET ASSETS: Beginning of period 3,402,922 2,824,616 789,796 702,747 69,139 72,873 ---------- ---------- --------- -------- ------- ------- End of period $3,426,811 $3,402,922 $ -- $789,796 $73,411 $69,139 ========== ========== ========= ======== ======= =======
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 82
PUTNAM VT PUTNAM VT VAN KAMPEN LIT VAN KAMPEN LIT INTERNATIONAL EQUITY SMALL CAP VALUE COMSTOCK ENTERPRISE SUBACCOUNT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS IB) (CLASS IB) (CLASS II) (CLASS II) ----------------------- ----------------------- ---------------------- --------------- 2007 (a) 2006 2007 (a) 2006 2007 2006 2007 2006 ----------- ---------- ----------- ---------- ---------- ---------- ------ ------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ 48,035 $ (27,124) $ (6,621) $ (112,193) $ (7,509) $ (16,382) $ (50) $ (44) Net realized gains (losses) 978,232 119,130 1,827,234 791,970 164,371 184,025 13 6 Change in unrealized gains (losses) on investments (856,574) 363,297 (1,360,720) 244,536 (198,699) 91,258 268 136 ----------- ---------- ----------- ---------- ---------- ---------- ------ ------ Net increase (decrease) in net assets resulting from operations 169,693 455,303 459,893 924,313 (41,837) 258,901 231 98 ----------- ---------- ----------- ---------- ---------- ---------- ------ ------ CONTRACT TRANSACTIONS: Purchase payments received from contract owners 4,803 56,875 80,053 68,667 31,298 67,044 -- -- Transfers from other funding options 48,848 183,671 67,647 569,022 39,687 62,278 -- -- Contract charges (1) (143) (3) (851) (175) (200) -- -- Contract surrenders (71,958) (239,546) (208,822) (426,150) (350,867) (421,539) -- -- Transfers to other funding options (2,369,803) (40,091) (7,454,937) (394,023) (385,889) (62,970) -- -- Other receipts (payments) -- (14,638) (34) (13,884) -- -- -- 1 ----------- ---------- ----------- ---------- ---------- ---------- ------ ------ Net increase (decrease) in net assets resulting from contract transactions (2,388,111) (53,872) (7,516,096) (197,219) (665,946) (355,387) -- 1 ----------- ---------- ----------- ---------- ---------- ---------- ------ ------ Net increase (decrease) in net assets (2,218,418) 401,431 (7,056,203) 727,094 (707,783) (96,486) 231 99 NET ASSETS: Beginning of period 2,218,418 1,816,987 7,056,203 6,329,109 1,996,424 2,092,910 2,294 2,195 ----------- ---------- ----------- ---------- ---------- ---------- ------ ------ End of period $ -- $2,218,418 $ -- $7,056,203 $1,288,641 $1,996,424 $2,525 $2,294 =========== ========== =========== ========== ========== ========== ====== ======
The accompanying notes are an integral part of these financial statements. 83
VAN KAMPEN LIT STRATEGIC GROWTH SUBACCOUNT (CLASS I) ---------------------- 2007 2006 ---------- ---------- INCREASE (DECREASE) IN NET ASSETS: FROM OPERATIONS: Net investment income (loss) $ (18,599) $ (19,178) Net realized gains (losses) 21,154 (506) Change in unrealized gains (losses) on investments 148,963 30,066 ---------- ---------- Net increase (decrease) in net assets resulting from operations 151,518 10,382 ---------- ---------- CONTRACT TRANSACTIONS: Purchase payments received from contract owners 2,560 6,781 Transfers from other funding options 32,112 74,845 Contract charges (341) (362) Contract surrenders (70,704) (43,970) Transfers to other funding options (101,960) (91,739) Other receipts (payments) 11,106 -- ---------- ---------- Net increase (decrease) in net assets resulting from contract transactions (127,227) (54,445) ---------- ---------- Net increase (decrease) in net assets 24,291 (44,063) NET ASSETS: Beginning of period 1,070,528 1,114,591 ---------- ---------- End of period $1,094,819 $1,070,528 ========== ==========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period May 1, 2006 to December 31, 2006. (c) For the period April 30, 2007 to December 31, 2007. (d) For the period January 1, 2007 to November 9, 2007. (e) For the period November 12, 2007 to December 31, 2007. The accompanying notes are an integral part of these financial statements. 84 METLIFE OF CT SEPARATE ACCOUNT NINE FOR VARIABLE ANNUITIES OF METLIFE INSURANCE COMPANY OF CONNECTICUT NOTES TO THE FINANCIAL STATEMENTS 1. ORGANIZATION MetLife of CT Separate Account Nine for Variable Annuities (the "Separate Account"), a separate account of MetLife Insurance Company of Connecticut (the "Company"), was established by the Company's Board of Directors on June 18, 1999 to support operations of the Company with respect to certain variable annuity contracts (the "Contracts"). The Company is a direct wholly-owned subsidiary of MetLife, Inc., a Delaware corporation. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and exists in accordance with the regulations of the Connecticut Department of Insurance. The Separate Account is divided into Subaccounts, each of which is treated as an individual accounting entity for financial reporting purposes. Each Subaccount invests in shares of the corresponding portfolio, series, or fund (with the same name) of registered investment management companies (the "Trusts") which are presented below: AIM Variable Insurance Funds ("AIM V.I.") American Funds Insurance Series ("American Funds") Dreyfus Variable Investment Fund ("Dreyfus VIF") Fidelity Variable Insurance Products Fund ("Fidelity VIP") Franklin Templeton Variable Insurance Products Trust ("FTVIPT") Janus Aspen Series ("Janus Aspen") Legg Mason Partners Variable Equity Trust ("LMPVET") Legg Mason Partners Variable Insurance Trust ("LMPVIT") Lord Abbett Series Fund, Inc. ("Lord Abbett") Met Investors Series Trust ("MIST") Metropolitan Series Fund, Inc. ("MSF") PIMCO Variable Insurance Trust ("PIMCO VIT") Pioneer Variable Contracts Trust ("Pioneer VCT") Putnam Variable Trust ("Putnam VT") Van Kampen Life Investment Trust ("Van Kampen LIT") The assets of the Separate Account are registered in the name of the Company. Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the Separate Account's assets applicable to the Contracts is not chargeable with liabilities arising out of any other business the Company may conduct. Purchase payments applied to the Separate Account are invested in one or more Subaccounts in accordance with the selection made by the contract owner. The following Subaccounts were available for investment as of December 31, 2007 (the share class indicated in parentheses is that of the portfolio, series, or fund in which the Subaccount invests): AIM V.I. Mid Cap Core Equity Subaccount (Series II) American Funds Global Growth Subaccount (Class 2) American Funds Growth Subaccount (Class 2) American Funds Growth-Income Subaccount (Class 2) Dreyfus VIF Appreciation Subaccount (Initial Shares) Dreyfus VIF Developing Leaders Subaccount (Initial Shares) Fidelity VIP Contrafund Subaccount (Service Class 2) Fidelity VIP Contrafund Subaccount (Service Class) Fidelity VIP Dynamic Capital Appreciation Subaccount (Service Class 2) Fidelity VIP Mid Cap Subaccount (Service Class 2) FTVIPT Franklin Income Securities Subaccount (Class 2) FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) FTVIPT Templeton Foreign Securities Subaccount (Class 2) Janus Aspen Global Life Sciences Subaccount (Service Shares) Janus Aspen Global Technology Subaccount (Service Shares) Janus Aspen Mid Cap Growth Subaccount (Service Shares) Janus Aspen Worldwide Growth Subaccount (Service Shares) LMPVET Aggressive Growth Subaccount (Class I) LMPVET Aggressive Growth Subaccount (Class II) LMPVET Appreciation Subaccount (Class I) 85 LMPVET Appreciation Subaccount (Class II) LMPVET Capital Subaccount LMPVET Dividend Strategy Subaccount LMPVET Equity Index Subaccount (Class II) LMPVET Fundamental Value Subaccount (Class I) LMPVET Global Equity Subaccount LMPVET International All Cap Opportunity Subaccount LMPVET Investors Subaccount (Class I) LMPVET Large Cap Growth Subaccount (Class I) LMPVET Mid Cap Core Subaccount (Class I) LMPVET Small Cap Growth Subaccount (Class I) LMPVET Social Awareness Subaccount LMPVET Capital and Income Subaccount (Class II) LMPVIT Adjustable Rate Income Subaccount LMPVIT Diversified Strategic Income Subaccount LMPVIT High Income Subaccount LMPVIT Money Market Subaccount MIST Batterymarch Mid-Cap Stock Subaccount (Class A) MIST BlackRock High Yield Subaccount (Class A) MIST BlackRock Large-Cap Core Subaccount (Class E) MIST Dreman Small-Cap Value Subaccount (Class A) MIST Harris Oakmark International Subaccount (Class A) MIST Janus Forty Subaccount (Class A) MIST Lazard Mid-Cap Subaccount (Class B) MIST Legg Mason Partners Managed Assets Subaccount (Class A) MIST Lord Abbett Bond Debenture Subaccount (Class A) MIST Lord Abbett Growth and Income Subaccount (Class B) MIST Lord Abbett Mid-Cap Value Subaccount (Class B) MIST Met/AIM Capital Appreciation Subaccount (Class A) MIST Met/AIM Capital Appreciation Subaccount (Class E) MIST Met/AIM Small Cap Growth Subaccount (Class A) MIST MFS Emerging Markets Equity Subaccount (Class A) MIST MFS Research International Subaccount (Class B) MIST MFS Value Subaccount (Class A) MIST Neuberger Berman Real Estate Subaccount (Class A) MIST Oppenheimer Capital Appreciation Subaccount (Class B) MIST PIMCO Inflation Protected Bond Subaccount (Class A) MIST Pioneer Fund Subaccount (Class A) MIST Pioneer Strategic Income Subaccount (Class A) MIST Third Avenue Small Cap Value Subaccount (Class B) MSF BlackRock Aggressive Growth Subaccount (Class D) MSF BlackRock Bond Income Subaccount (Class A) MSF BlackRock Bond Income Subaccount (Class E) MSF BlackRock Money Market Subaccount (Class A) MSF Capital Guardian U.S. Equity Subaccount (Class A) MSF FI Large Cap Subaccount (Class A) MSF FI Value Leaders Subaccount (Class D) MSF MetLife Aggressive Allocation Subaccount (Class B) MSF MetLife Conservative Allocation Subaccount (Class B) 86 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) MSF MetLife Moderate Allocation Subaccount (Class B) MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) MSF MFS Total Return Subaccount (Class B) MSF MFS Total Return Subaccount (Class F) MSF Oppenheimer Global Equity Subaccount (Class B) MSF T. Rowe Price Large Cap Growth Subaccount (Class B) MSF Western Asset Management U.S. Government Subaccount (Class A) PIMCO VIT Total Return Subaccount (Administrative Class) Pioneer Bond VCT Subaccount (Class II) Pioneer Cullen Value VCT Subaccount (Class II) Pioneer Emerging Markets VCT Subaccount (Class II) Pioneer Equity Income VCT Subaccount (Class II) Pioneer Fund VCT Subaccount (Class II) Pioneer Global High Yield VCT Subaccount (Class II) Pioneer High Yield VCT Subaccount (Class II) Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) Pioneer Independence VCT Subaccount (Class II) Pioneer International Value VCT Subaccount (Class II) Pioneer Mid Cap Value VCT Subaccount (Class II) Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) Pioneer Real Estate Shares VCT Subaccount (Class II) Pioneer Small Cap Value VCT Subaccount (Class II) Pioneer Strategic Income VCT Subaccount (Class II) Putnam VT Discovery Growth Subaccount (Class IB) Van Kampen LIT Comstock Subaccount (Class II) Van Kampen LIT Enterprise Subaccount (Class II) Van Kampen LIT Strategic Growth Subaccount (Class I) The following Subaccounts ceased operations during the year ended December 31, 2007: AIM V.I. Capital Appreciation Subaccount AIM V.I. Core Equity Subaccount Credit Suisse Trust Emerging Markets Subaccount LMPIS Premier Selections All Cap Growth Subaccount LMPVPI All Cap Subaccount LMPVPI Total Return Subaccount LMPVPII Growth and Income Subaccount LMPVPIII Large Cap Value Subaccount LMPVPIV Multiple Discipline Subaccount - Large Cap Growth and Value LMPVPV Small Cap Growth Opportunities Subaccount LMPVPVI Large Cap Growth Subaccount Lord Abbett Growth and Income Subaccount Lord Abbett Mid-Cap Value Subaccount MIST Pioneer Mid-Cap Value Subaccount MSF Western Asset Management High Yield Bond Subaccount PIMCO VIT Real Return Subaccount Pioneer America Income VCT Subaccount Pioneer Equity Opportunity VCT Subaccount Pioneer Small and Mid Cap Growth VCT Subaccount Pioneer Value VCT Subaccount Putnam VT International Equity Subaccount Putnam VT Small Cap Value Subaccount 87 The operations of the Subaccounts were affected by the following changes that occurred during the year ended December 31, 2007: NAME CHANGES:
OLD NAME NEW NAME ----------------------------------- ------------------------------------------- Legg Mason Partners Variable Legg Mason Partners Variable International International All Cap Growth All Cap Opportunity Portfolio Portfolio Legg Mason Partners Variable Legg Mason Partners Variable Social Social Awareness Stock Portfolio Awareness Portfolio Janus Capital Appreciation Janus Forty Portfolio Portfolio Legg Mason Partners Variable Legg Mason Partners Variable Capital and Multiple Discipline Income Portfolio Portfolio - Balanced All Cap Growth and Value Pioneer Growth Shares VCT Pioneer Independence VCT Portfolio Portfolio
MERGERS:
OLD NAME NEW NAME ----------------------------------- ------------------------------------------- Legg Mason Partners Variable Legg Mason Partners Variable Investors Large Cap Value Portfolio Portfolio Legg Mason Partners Variable Legg Mason Partners Variable Large Cap Large Cap Growth Portfolio I Growth Portfolio III Legg Mason Partners Variable Legg Mason Partners Variable Aggressive Premier Selections All Cap Growth Portfolio Growth Portfolio Legg Mason Partners Variable All Legg Mason Partners Variable Fundamental Cap Portfolio Value Portfolio Legg Mason Partners Variable Legg Mason Partners Variable Small Cap Small Cap Growth Opportunities Growth Portfolio Portfolio Legg Mason Partners Variable Legg Mason Partners Variable Multiple Total Return Portfolio Discipline Portfolio - Balanced All Cap Growth and Value Legg Mason Partners Variable Legg Mason Partners Variable Appreciation Multiple Discipline Portfolio - Portfolio Large Cap Growth and Value Legg Mason Partners Variable Legg Mason Partners Variable Appreciation Growth and Income Portfolio Portfolio Western Asset Management High BlackRock High Yield Portfolio Yield Bond Portfolio Pioneer Mid-Cap Value Portfolio Lazard Mid-Cap Portfolio Pioneer America Income VCT Pioneer Bond Fund VCT Portfolio Portfolio Pioneer Value VCT Portfolio Pioneer Fund VCT Portfolio
SUBSTITUTIONS:
OLD NAME NEW NAME ----------------------------------- ------------------------------------------- AIM V.I. Capital Appreciation Met/AIM Capital Appreciation Portfolio Fund AIM V.I. Core Equity Fund Capital Guardian U.S. Equity Portfolio Credit Suisse Emerging Markets MFS Emerging Markets Equity Portfolio Portfolio Lord Abbett Series Growth and Lord Abbett Growth and Income Portfolio Income Portfolio Lord Abbett Series Mid Cap Value Lord Abbett Mid-Cap Value Portfolio Portfolio Putnam VT International Equity MFS Research International Portfolio Fund Putnam VT Small Cap Value Fund Third Avenue Small Cap Value Portfolio PIMCO VIT Real Return Portfolio PIMCO Inflation Protected Bond Portfolio
88 LIQUIDATIONS: Pioneer Equity Opportunity VCT Portfolio Pioneer Small and Mid Cap Growth VCT Portfolio PORTFOLIO SHARE CLASS EXCHANGE:
OLD PORTFOLIO NEW PORTFOLIO ----------------------------------- ------------------------------------------- BlackRock Large-Cap Core BlackRock Large-Cap Core Portfolio Portfolio (Class A) (Class E)
This report is prepared for the general information of contract owners and is not an offer of units of the Separate Account or shares of the Separate Account's underlying investments. It should not be used in connection with any offer except in conjunction with the prospectus for the Separate Account products offered by the Company and the prospectus of the underlying portfolio, series, or fund, which collectively contain all the pertinent information, including additional information on charges and expenses. 2. SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for variable annuity separate accounts registered as unit investment trusts. VALUATION OF INVESTMENTS Investments are reported at fair value and are based on the net asset value per share as determined by the underlying assets of the portfolio, series, or fund of the Trusts, which value their investment securities at fair value. Changes in fair value are recorded in the statement of operations. SECURITY TRANSACTIONS Security transactions are recorded on a trade date basis. Realized gains and losses on the sales of investments are computed on the basis of the average cost of the investment sold. Income from dividends and realized gain distributions are recorded on the ex-distribution date. FEDERAL INCOME TAXES The operations of the Separate Account form a part of the total operations of the Company and are not taxed separately. The Company is taxed as a life insurance company under the provisions of the Internal Revenue Code ("IRC"). Under the current provisions of the IRC, the Company does not expect to incur federal income taxes on the earnings of the Separate Account to the extent the earnings are credited under the Contracts. Accordingly, no charge is being made currently to the Separate Account for federal income taxes. The Company will periodically review the status of this policy in the event of changes in the tax law. A charge may be made in future years for any federal income taxes that would be attributable to the Contracts. ANNUITY PAYOUTS Net assets allocated to Contracts in the payout period are computed according to industry standard mortality tables. The assumed investment return is 3.0 percent. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company. PURCHASE PAYMENTS Purchase payments received from contract owners by the Company are credited as accumulation or annuity units as of the end of the valuation period in which received, as provided in the prospectus. NET TRANSFERS The contract owner has the opportunity to transfer funds between Subaccounts within the Separate Account or the fixed account, which is an investment option in the Company's general account. 89 OTHER RECEIPTS (PAYMENTS) Included in "other receipts (payments)" in the statements of changes in net assets are primarily contract benefits which have been re-deposited with the Company and distributions for payouts. USE OF ESTIMATES The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported herein. Actual results could differ from these estimates. ADOPTION OF NEW ACCOUNTING PRONOUNCEMENT Effective January 1, 2007, the Company adopted Financial Accounting Standards Board ("FASB") Interpretation ("FIN") No. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES -- AN INTERPRETATION OF FASB STATEMENT NO. 109 ("FIN 48"). FIN 48 clarifies the accounting for uncertainty in income tax recognized in a company's financial statements. FIN 48 requires companies to determine whether it is "more likely than not" that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest and penalties. Previously recorded income tax benefits that no longer meet this standard are required to be charged to earnings in the period that such determination is made. The adoption of FIN 48 had no impact on the financial statements of the Separate Account. FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENT In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157, FAIR VALUE MEASUREMENTS ("SFAS 157"). SFAS 157 defines fair value, establishes a framework for measuring fair value under GAAP and requires enhanced disclosures about fair value measurements. SFAS 157 does not require additional fair value measurements. The pronouncement is effective for fiscal years beginning after November 15, 2007. The guidance in SFAS 157 will be applied prospectively with certain exceptions. The Company believes the adoption of SFAS 157 will have no material impact on the financial statements of the Separate Account. 3. EXPENSES AND RELATED PARTY TRANSACTIONS The following annual Separate Account charges are asset-based charges and assessed through a daily reduction in unit values which are recorded as expenses in the accompanying statement of operations: MORTALITY AND EXPENSE RISK - The mortality risk assumed by the Company is the risk that those insured may die sooner than anticipated and therefore, the Company will pay an aggregate amount of death benefits greater than anticipated. The expense risk assumed is where expenses incurred in issuing and administering the Contracts will exceed the amounts realized from the administrative charges assessed against the Contracts. In addition, the charge compensates the Company for the risk that the investor may live longer than estimated and the Company would be obligated to pay more in income payments than anticipated. ADMINISTRATIVE - The Company has responsibility for the administration of the Contracts and the Separate Account. Generally, the administrative charge is related to the maintenance, including distribution, of each contract and the Separate Account. ENHANCED STEPPED-UP PROVISION - For an additional charge, the total death benefit payable may be increased based on the earnings in the Contracts. GUARANTEED MINIMUM WITHDRAWAL BENEFIT - For an additional charge, the Company will guarantee the periodic return on the investment. GUARANTEED MINIMUM ACCUMULATION BENEFIT - For an additional charge, the Company will guarantee that the contract value will not be less than a guaranteed minimum amount at the end of a specified number of years. 90 The table below represents the range of effective annual rates for each respective charge for the year ended December 31, 2007: Mortality and Expense Risk 1.15% - 1.90% Administrative 0.15% Enhanced Stepped-Up Provision 0.15% - 0.20% Guaranteed Minimum Withdrawal Benefit 0.25% - 0.50% Guaranteed Minimum Accumulation Benefit 0.50%
The above referenced charges may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designation of the charge or associated with a particular contract. A contract administrative charge of $30 is assessed on an annual basis for Contracts with a value of less than $40,000. In addition, most Contracts impose a surrender charge which ranges from 0% to 6% if the contract is partially or fully surrendered within the specified surrender charge period. These charges are assessed through the redemption of units and are recorded as contract charges in the accompanying statements of changes in net assets. Certain investments in the various portfolios, series or funds in the MIST and MSF Trusts hold shares which are managed by Met Investors Advisory, LLC and MetLife Advisers, LLC, respectively. Both act in the capacity of investment advisors and are indirect affiliates of the Company. 91 4. STATEMENT OF INVESTMENTS
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ----------- ---------- ------------- -------------- AIM V.I. Mid Cap Core Equity Subaccount (Series II) (Cost $296,972) 22,689 327,854 20,945 83,461 AIM V.I. Capital Appreciation Subaccount (Series II) (Cost $0) (a) -- -- 16,235 1,195,026 AIM V.I. Core Equity Subaccount (Series I) (Cost $0) (a) -- -- -- 126,910 American Funds Global Growth Subaccount (Class 2) (Cost $25,732,742) 1,431,055 35,776,367 5,308,694 3,146,375 American Funds Growth Subaccount (Class 2) (Cost $69,097,113) 1,293,458 86,299,519 8,649,670 9,392,026 American Funds Growth-Income Subaccount (Class 2) (Cost $66,280,855) 1,954,750 82,607,725 5,945,626 9,518,931 Credit Suisse Trust Emerging Markets Subaccount (Cost $0) (a) -- -- -- 15,712 Dreyfus VIF Appreciation Subaccount (Initial Shares) (Cost $373,178) 10,883 488,198 13,981 34,133 Dreyfus VIF Developing Leaders Subaccount (Initial Shares) (Cost $517,914) 13,242 428,244 88,990 31,457 Fidelity VIP Contrafund Subaccount (Service Class 2) (Cost $3,391,034) 126,597 3,476,366 1,104,204 779,327 Fidelity VIP Contrafund Subaccount (Service Class) (Cost $36,073,682) 1,316,498 36,598,648 10,573,304 4,630,104 Fidelity VIP Dynamic Capital Appreciation Subaccount (Service Class 2) (Cost $66,073) 8,538 76,676 9,462 12,204 Fidelity VIP Mid Cap Subaccount (Service Class 2) (Cost $23,076,832) 807,759 28,780,466 3,769,190 4,867,129 FTVIPT Franklin Income Securities Subaccount (Class 2) (Cost $13,187,793) 803,569 13,909,783 4,459,684 1,402,027 FTVIPT Franklin Rising Dividends Securities Subaccount (Class 2) (Cost $3,202,461) 184,421 3,553,800 395,154 396,989 FTVIPT Franklin Small-Mid Cap Growth Securities Subaccount (Class 2) (Cost $5,701,052) 305,982 7,010,053 994,287 969,799 FTVIPT Templeton Developing Markets Securities Subaccount (Class 2) (Cost $13,678,123) 1,250,846 20,013,539 4,428,789 3,620,473 FTVIPT Templeton Foreign Securities Subaccount (Class 2) (Cost $22,043,082) 1,511,870 30,615,366 3,933,617 2,854,243 Janus Aspen Global Life Sciences Subaccount (Service Shares) (Cost $7,051) 1,082 12,373 -- 211 Janus Aspen Global Technology Subaccount (Service Shares) (Cost $84,688) 24,165 125,176 13,899 52,286 Janus Aspen Mid Cap Growth Subaccount (Service Shares) (Cost $1,286,006) 44,020 1,714,590 600,883 265,089 Janus Aspen Worldwide Growth Subaccount (Service Shares) (Cost $43,929) 1,717 60,139 2,647 36,979 LMPIS Premier Selections All Cap Growth Subaccount (Cost $0) (a) -- -- 26,716 450,528 LMPVET Aggressive Growth Subaccount (Class I) (Cost $36,861,973) 2,932,982 47,836,937 1,915,273 7,997,424 LMPVET Aggressive Growth Subaccount (Class II) (Cost $1,840,521) (b) 108,486 1,767,240 2,088,263 246,148 LMPVET Appreciation Subaccount (Class I) (Cost $18,525,220) 823,974 21,719,967 2,454,830 3,469,585 LMPVET Appreciation Subaccount (Class II) (Cost $10,006,307) (b) 355,258 9,385,925 10,254,781 242,665
92
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ----------- ---------- ------------- -------------- LMPVET Capital Subaccount (Cost $63,508,236) 4,400,075 69,345,182 4,918,786 10,625,470 LMPVET Dividend Strategy Subaccount (Cost $2,321,261) 259,150 2,713,305 446,995 414,809 LMPVET Equity Index Subaccount (Class II) (Cost $9,505,875) 335,370 11,265,086 1,135,309 2,057,799 LMPVET Fundamental Value Subaccount (Class I) (Cost $44,976,728) 2,128,815 46,173,998 16,343,866 7,539,528 LMPVET Global Equity Subaccount (Cost $23,113,749) 1,508,948 26,889,458 2,040,857 3,563,002 LMPVET International All Cap Opportunity Subaccount (Cost $233,252) 20,816 186,303 95,507 73,183 LMPVET Investors Subaccount (Class I) (Cost $6,006,052) 438,494 7,243,917 1,544,411 1,119,914 LMPVET Large Cap Growth Subaccount (Class I) (Cost $9,629,617) 696,498 11,561,866 625,007 2,731,022 LMPVET Mid Cap Core Subaccount (Class I) (Cost $10,537,503) 809,739 10,024,573 2,498,924 2,054,534 LMPVET Multiple Discipline Subaccount-Large Cap Growth and Value (Cost $0) (c) -- -- 710,937 11,721,231 LMPVET Small Cap Growth Subaccount (Class I) (Cost $7,276,012) 511,115 7,682,054 4,805,013 869,654 LMPVET Social Awareness Subaccount (Cost $104,775) 4,208 104,873 43,899 6,296 LMPVPI All Cap Subaccount (Class I) (Cost $0) (a) -- -- 759,222 13,626,754 LMPVPI All Cap Subaccount (Class II) (Cost $0) (a) -- -- 27,124 221,167 LMPVPII Growth and Income Subaccount (Class I) (Cost $0) (a) -- -- 5,384 143,174 LMPVPV Small Cap Growth Opportunities Subaccount (Cost $0) (a) -- -- 150,282 4,315,053 LMPVPI Large Cap Growth Subaccount (Class I) (Cost $0) (a) -- -- 16,108 406,524 LMPVPII Aggressive Growth Subaccount (Class I) (Cost $0) (a) -- -- 6,665 869,861 LMPVPII Aggressive Growth Subaccount (Class II) (Cost $0) (a) -- -- 11,937 2,029,237 LMPVET Capital and Income Subaccount (Class II) (Cost $66,487,606) 5,179,296 64,378,703 12,623,596 13,694,530 LMPVIT Adjustable Rate Income Subaccount (Cost $5,466,703) 544,778 5,191,735 456,896 806,397 LMPVIT Diversified Strategic Income Subaccount (Cost $11,577,001) 1,253,582 10,805,876 806,330 2,266,102 LMPVIT High Income Subaccount (Cost $22,086,896) 2,966,742 19,788,169 2,364,017 3,047,367 LMPVIT Money Market Subaccount (Cost $14,223,244) 14,223,244 14,223,244 13,463,282 10,596,047 LMPVPI Total Return Subaccount (Class II) (Cost $0) (a) -- -- 52,286 677,219 LMPVPIII Large Cap Value Subaccount (Cost $0) (a) -- -- 3,618 974,929 Lord Abbett Growth and Income Subaccount (Class VC) (Cost $0) (a) -- -- 150,839 8,395,661 Lord Abbett Mid-Cap Value Subaccount (Class VC) (Cost $0) (a) -- -- 121,299 14,520,290 MIST Batterymarch Mid-Cap Stock Subaccount (Class A) (Cost $597,541) 29,927 540,475 104,827 242,317 MIST BlackRock High Yield Subaccount (Class A) (Cost $1,330,809) 158,706 1,307,736 503,503 251,391 MIST BlackRock Large-Cap Core Subaccount (Class E) (Cost $2,028,977) (b) 185,119 2,049,263 2,222,783 193,132 MIST BlackRock Large-Cap Core Subaccount (Class A) (Cost $0) (a) -- -- 275,608 2,210,271
93
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ----------- ---------- ------------- -------------- MIST Dreman Small-Cap Value Subaccount (Class A) (Cost $1,042,729) 76,911 1,043,676 703,907 133,095 MIST Harris Oakmark International Subaccount (Class A) (Cost $7,641,254) 434,643 7,506,288 2,314,613 1,555,519 MIST Janus Forty Subaccount (Class A) (Cost $1,445,808) 19,079 1,599,018 867,758 287,662 MIST Lazard Mid-Cap Subaccount (Class B) (Cost $120,079) (b) 8,792 106,387 161,959 41,177 MIST Legg Mason Partners Managed Assets Subaccount (Class A) (Cost $255,889) 15,133 259,677 30,598 18,736 MIST Lord Abbett Bond Debenture Subaccount (Class A) (Cost $1,820,452) 153,257 1,935,641 204,906 668,458 MIST Lord Abbett Growth and Income Subaccount (Class B) (Cost $27,781,974) 1,010,315 28,985,936 9,819,367 3,688,222 MIST Lord Abbett Mid-Cap Value Subaccount (Class B) (Cost $13,194,775) 616,546 12,010,319 14,643,740 1,779,409 MIST Met/AIM Capital Appreciation Subaccount (Class A) (Cost $2,280,255) 187,420 2,264,038 12,584 342,040 MIST Met/AIM Capital Appreciation Subaccount (Class E) (Cost $1,091,510) (b) 95,352 1,133,740 1,274,291 190,089 MIST Met/AIM Small Cap Growth Subaccount (Class A) (Cost $202,559) 13,960 207,446 333,204 220,981 MIST MFS Emerging Markets Equity Subaccount (Class A) (Cost $3,244) (b) 286 4,106 15,620 15,728 MIST MFS Research International Subaccount (Class B) (Cost $2,152,056) (b) 157,750 2,258,974 2,807,637 677,777 MIST MFS Value Subaccount (Class A) (Cost $4,884,513) 354,671 5,334,259 1,406,290 1,714,327 MIST Neuberger Berman Real Estate Subaccount (Class A) (Cost $3,786,612) 241,461 3,399,773 1,450,675 1,664,511 MIST Oppenheimer Capital Appreciation Subaccount (Class B) (Cost $1,578,122) 175,384 1,729,288 233,965 235,647 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (Cost $19,014,349) (b) 1,863,689 20,426,026 20,619,348 1,638,361 MIST Pioneer Fund Subaccount (Class A) (Cost $1,956,273) 144,320 2,197,992 121,625 604,600 MIST Pioneer Mid-Cap Value Subaccount (Class A) (Cost $0) (a) -- -- 64,992 121,899 MIST Pioneer Strategic Income Subaccount (Class A) (Cost $12,012,202) 1,263,219 12,657,455 1,540,202 1,333,023 MIST Third Avenue Small Cap Value Subaccount (Class B) (Cost $17,261,828) 1,013,607 15,893,353 8,636,273 2,718,546 MSF BlackRock Aggressive Growth Subaccount (Class D) (Cost $2,910,924) 119,091 3,413,156 456,603 543,861 MSF BlackRock Bond Income Subaccount (Class A) (Cost $1,090,777) 10,474 1,170,059 102,577 236,051 MSF BlackRock Bond Income Subaccount (Class E) (Cost $14,033,212) 135,924 15,083,515 1,272,933 2,605,692 MSF BlackRock Money Market Subaccount (Class A) (Cost $3,770,562) 37,704 3,770,562 4,551,677 2,974,601 MSF Capital Guardian U.S. Equity Subaccount (Class A) (Cost $805,690) 62,866 782,057 206,979 271,250 MSF FI Large Cap Subaccount (Class A) (Cost $3,949,606) 267,950 3,928,141 365,344 597,299 MSF FI Value Leaders Subaccount (Class D) (Cost $14,306,553) 71,294 13,958,013 1,689,742 2,851,547 MSF MetLife Aggressive Allocation Subaccount (Class B) (Cost $1,134,024) 89,872 1,133,286 760,137 388,215
94
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ----------- ---------- ------------- -------------- MSF MetLife Conservative Allocation Subaccount (Class B) (Cost $2,395,439) 228,399 2,539,793 2,171,830 715,983 MSF MetLife Conservative to Moderate Allocation Subaccount (Class B) (Cost $2,155,269) 194,825 2,246,334 1,853,279 383,983 MSF MetLife Moderate Allocation Subaccount (Class B) (Cost $3,376,480) 297,361 3,556,438 1,970,115 346,305 MSF MetLife Moderate to Aggressive Allocation Subaccount (Class B) (Cost $2,769,331) 238,914 2,957,759 1,058,715 438,240 MSF MFS Total Return Subaccount (Class B) (Cost $46,790) (b) 302 46,142 46,885 93 MSF MFS Total Return Subaccount (Class F) (Cost $42,369,735) 292,842 44,936,573 3,797,779 6,795,063 MSF Oppenheimer Global Equity Subaccount (Class B) (Cost $14,204,353) 896,467 15,634,388 1,132,648 1,861,152 MSF T. Rowe Price Large Cap Growth Subaccount (Class B) (Cost $1,889,962) 134,067 2,198,691 99,004 368,704 MSF Western Asset Management High Yield Bond Subaccount (Class A) (Cost $0) (a) -- -- 91,799 435,216 MSF Western Asset Management U.S. Government Subaccount (Class A) (Cost $245,658) 20,814 259,966 20,346 24,371 PIMCO VIT Real Return Subaccount (Administrative Class) (Cost $0) (a) -- -- 1,496,310 20,997,860 PIMCO VIT Total Return Subaccount (Administrative Class) (Cost $62,796,530) 6,058,479 63,551,886 7,660,577 7,200,682 Pioneer America Income VCT Subaccount (Class II) (Cost $0) (c) -- -- 261,818 1,899,916 Pioneer Bond VCT Subaccount (Class II) (Cost $1,544,705) (d) 143,138 1,555,895 1,579,362 34,794 Pioneer Cullen Value VCT Subaccount (Class II) (Cost $720,828) 62,355 845,528 102,352 56,857 Pioneer Emerging Markets VCT Subaccount (Class II) (Cost $536,220) 20,644 894,281 189,789 276,137 Pioneer Equity Income VCT Subaccount (Class II) (Cost $2,067,518) 96,646 2,308,862 461,198 310,654 Pioneer Equity Opportunity VCT Subaccount (Class II) (Cost $0) (c) -- -- 11,957 69,499 Pioneer Fund VCT Subaccount (Class II) (Cost $1,719,463) 78,253 2,007,976 740,855 250,293 Pioneer Global High Yield VCT Subaccount (Class II) (Cost $2,917,903) 287,228 2,769,059 936,537 418,062 Pioneer High Yield VCT Subaccount (Class II) (Cost $2,597,639) 232,646 2,568,451 478,386 479,572 Pioneer Ibbotson Aggressive Allocation VCT Subaccount (Class II) (Cost $742,622) 64,898 813,824 56,199 33,800 Pioneer Ibbotson Growth Allocation VCT Subaccount (Class II) (Cost $17,275,807) 1,461,827 18,141,276 7,776,714 1,827,456 Pioneer Ibbotson Moderate Allocation VCT Subaccount (Class II) (Cost $8,506,976) 740,991 8,891,895 4,816,539 1,169,598 Pioneer Independence VCT Subaccount (Class II) (Cost $120,029) 9,295 143,701 24,284 29,123 Pioneer International Value VCT Subaccount (Class II) (Cost $666,049) 47,409 881,814 192,389 138,282 Pioneer Mid Cap Value VCT Subaccount (Class II) (Cost $2,274,546) 105,606 2,020,234 407,886 244,390 Pioneer Oak Ridge Large Cap Growth VCT Subaccount (Class II) (Cost $978,177) 85,684 1,117,322 45,310 135,113
95
FOR THE YEAR ENDED AS OF DECEMBER 31, 2007 DECEMBER 31, 2007 ----------------------- ----------------------------- MARKET COST OF PROCEEDS SHARES VALUE ($) PURCHASES ($) FROM SALES ($) ----------- ---------- ------------- -------------- Pioneer Real Estate Shares VCT Subaccount (Class II) (Cost $676,123) 26,523 621,963 197,700 165,035 Pioneer Small and Mid Cap Growth VCT Subaccount (Class II) (Cost $0) (c) -- -- 346,559 1,004,024 Pioneer Small Cap Value VCT Subaccount (Class II) (Cost $834,361) 54,019 692,526 285,862 109,666 Pioneer Strategic Income VCT Subaccount (Class II) (Cost $3,436,041) 316,477 3,427,423 653,362 639,479 Pioneer Value VCT Subaccount (Class II) (Cost $0) (c) -- -- 100,354 831,192 Putnam VT Discovery Growth Subaccount (Class IB) (Cost $48,232) 12,360 73,421 6,322 2,770 Putnam VT International Equity Subaccount (Class IB) (Cost $0) (a) -- -- 371,294 2,445,345 Putnam VT Small Cap Value Subaccount (Class IB) (Cost $0) (a) -- -- 961,067 7,704,632 Van Kampen LIT Comstock Subaccount (Class II) (Cost $1,161,891) 93,396 1,288,870 133,478 764,019 Van Kampen LIT Enterprise Subaccount (Class II) (Cost $1,873) 144 2,521 4 53 Van Kampen LIT Strategic Growth Subaccount (Class I) (Cost $912,460) 32,511 1,094,977 38,978 184,750
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 96 5. FINANCIAL HIGHLIGHTS The following table is a summary of unit values and units outstanding for the Contracts, net investment income ratios, and expense ratios, excluding expenses for the underlying portfolio, series, or fund for each of the five years in the period ended December 31, 2007:
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ -------------------------------------------------- UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- ----------------- AIM V.I. Mid Cap Core Equity 2007 232 1.283 - 1.432 328 0.05 1.85 - 2.55 6.56 - 7.27 Subaccount (Series II) 2006 276 1.204 - 1.335 364 0.73 1.85 - 2.55 8.18 - 9.04 2005 267 1.113 - 1.225 324 0.31 1.85 - 2.55 1.24 - 7.64 2004 213 1.158 - 1.164 247 0.05 1.75 - 2.25 7.29 - 11.60 2003 1 1.043 1 -- 1.75 4.30 AIM V.I. Capital Appreciation 2007 -- 1.187 - 1.273 -- -- 1.85 - 2.65 6.24 - 6.53 Subaccount (Series II) (a) 2006 931 1.116 - 1.195 1,100 -- 1.85 - 2.50 (3.38) - 4.26 2005 855 1.115 - 1.150 976 -- 1.85 - 2.65 5.71 - 14.01 2004 604 1.068 - 1.078 649 -- 1.75 - 2.65 0.56 - 12.77 2003 2 1.032 2 -- 1.75 3.20 AIM V.I. Core Equity Subaccount 2007 -- 1.153 - 1.160 -- -- 1.30 - 1.85 6.96 - 7.22 (Series I) (a) 2006 109 1.075 - 1.082 118 0.36 1.30 - 2.25 7.50 - 8.20 American Funds Global Growth 2007 17,626 1.539 - 2.198 35,770 2.72 1.30 - 2.70 11.83 - 13.36 Subaccount (Class 2) 2006 17,433 1.361 - 1.950 31,330 0.88 1.30 - 2.70 17.18 - 18.88 2005 15,832 1.147 - 1.649 24,105 0.67 1.30 - 2.70 4.71 - 14.54 2004 9,814 1.022 - 1.473 13,186 0.38 1.30 - 2.65 4.64 - 14.31 2003 2,800 0.914 - 1.322 3,119 0.33 1.30 - 2.45 6.43 - 33.53 American Funds Growth Subaccount 2007 47,779 1.312 - 1.954 86,285 0.77 1.30 - 2.70 9.35 - 10.91 (Class 2) 2006 50,889 1.189 - 1.769 83,560 0.80 1.30 - 2.70 7.26 - 8.82 2005 48,440 1.097 - 1.633 73,936 0.79 1.30 - 2.70 5.74 - 14.72 2004 30,250 0.961 - 1.429 40,570 0.25 1.30 - 2.65 5.26 - 16.73 2003 9,604 0.869 - 1.292 11,304 0.20 1.30 - 2.45 1.28 - 37.58 American Funds Growth-Income 2007 51,862 1.253 - 1.670 82,594 1.48 1.30 - 2.75 2.20 - 3.66 Subaccount (Class 2) 2006 55,509 1.226 - 1.617 85,923 1.56 1.30 - 2.75 12.07 - 13.76 2005 54,320 1.094 - 1.428 74,662 1.49 1.30 - 2.75 3.09 - 6.83 2004 37,264 1.084 - 1.372 49,618 1.26 1.30 - 2.65 5.02 - 12.27 2003 12,284 0.999 - 1.265 14,977 1.70 1.30 - 2.45 0.20 - 30.64 Credit Suisse Trust Emerging 2007 -- 2.356 -- -- 1.85 4.66 Markets Subaccount (a) 2006 7 2.251 15 0.60 1.85 30.12 2005 9 1.730 16 0.70 1.85 25.64 2004 11 1.377 15 0.30 1.85 22.62 2003 9 1.123 10 -- 1.85 40.20 Dreyfus VIF Appreciation Subaccount 2007 360 1.208 - 1.460 488 1.53 1.75 - 2.75 4.26 - 5.29 (Initial Shares) 2006 373 1.149 - 1.390 482 1.62 1.75 - 2.75 13.32 - 14.37 2005 419 1.005 - 1.217 466 0.02 1.75 - 2.75 (0.29) - 2.70 2004 332 0.981 - 1.184 351 1.83 1.75 - 2.25 2.70 - 3.15 2003 209 0.951 - 1.150 209 2.64 1.75 - 2.25 4.73 - 19.02 Dreyfus VIF Developing Leaders 2007 375 0.982 - 1.265 428 0.74 1.75 - 2.45 (13.19) - (12.63) Subaccount (Initial Shares) 2006 373 1.124 - 1.451 489 0.39 1.75 - 2.45 1.28 - 1.99 2005 362 1.104 - 1.427 462 -- 1.75 - 2.45 3.23 - 13.47 2004 178 1.063 - 1.371 210 0.31 1.75 - 2.45 4.61 - 9.36 2003 52 0.972 - 1.258 52 0.04 1.85 - 2.25 0.00 - 29.26
97
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------- UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- ---------------- Fidelity VIP Contrafund Subaccount 2007 1,812 1.562 - 2.024 3,476 0.73 1.75 - 2.65 14.23 - 15.27 (Service Class 2) 2006 2,080 1.366 - 1.759 3,483 0.99 1.75 - 2.65 8.55 - 9.45 2005 2,100 1.258 - 1.610 3,200 0.10 1.75 - 2.65 7.71 - 18.25 2004 1,253 1.233 - 1.401 1,673 0.17 1.75 - 2.65 5.08 - 14.86 2003 642 1.091 - 1.242 747 0.07 1.85 - 2.25 23.34 - 25.84 Fidelity VIP Contrafund Subaccount 2007 18,598 1.562 - 2.066 36,593 0.83 1.30 - 2.70 14.35 - 15.95 (Service Class) 2006 19,928 1.366 - 1.789 34,108 1.12 1.30 - 2.70 1.41 - 10.16 2005 17,029 1.260 - 1.630 26,861 0.15 1.30 - 2.60 6.92 - 15.40 2004 8,851 1.154 - 1.419 12,285 0.16 1.30 - 2.60 9.42 - 14.29 2003 3,370 1.017 - 1.254 4,058 0.15 1.30 - 2.25 4.78 - 26.63 Fidelity VIP Dynamic Capital 2007 50 1.460 - 1.588 77 0.11 1.75 - 2.25 4.36 - 4.86 Appreciation Subaccount 2006 57 1.393 - 1.520 83 0.18 1.75 - 2.25 6.22 - 11.71 (Service Class 2) 2005 76 1.247 - 1.365 101 -- 1.85 - 2.25 18.04 - 18.42 2004 140 1.053 - 1.155 158 -- 1.85 - 2.25 (0.95) - 5.19 2003 75 1.059 - 1.164 86 -- 1.85 - 2.25 22.71 - 26.25 Fidelity VIP Mid Cap Subaccount 2007 12,903 1.728 - 2.389 28,776 0.49 1.30 - 2.70 12.21 - 13.86 (Service Class 2) 2006 14,501 1.540 - 2.107 28,565 0.17 1.30 - 2.70 6.19 - 10.91 2005 13,666 1.407 - 1.907 24,513 -- 1.30 - 2.70 4.44 - 18.53 2004 8,721 1.411 - 1.643 13,567 -- 1.30 - 2.65 13.54 - 23.08 2003 2,963 1.159 - 1.341 3,652 0.11 1.30 - 2.25 2.29 - 44.11 FTVIPT Franklin Income Securities 2007 11,453 1.193 - 1.238 13,907 3.38 1.30 - 2.70 (1.31) - 2.40 Subaccount (Class 2) 2006 9,192 1.181 - 1.209 10,974 3.35 1.30 - 2.70 2.25 - 16.62 2005 3,511 1.027 - 1.035 3,618 0.20 1.40 - 2.55 (3.56) - 3.81 FTVIPT Franklin Rising Dividends 2007 2,874 1.103 - 1.255 3,553 2.37 1.85 - 2.65 (5.23) - (4.49) Securities Subaccount (Class 2) 2006 2,922 1.160 - 1.318 3,795 1.07 1.75 - 2.65 1.75 - 15.11 2005 2,784 1.080 - 1.143 3,157 0.89 1.85 - 2.65 0.72 - 5.08 2004 1,686 1.116 - 1.127 1,890 0.20 1.75 - 2.65 5.73 - 9.10 2003 2 1.033 2 -- 1.75 3.30 FTVIPT Franklin Small-Mid Cap Growth 2007 4,541 1.049 - 1.725 7,009 -- 1.30 - 2.65 8.32 - 9.85 Securities Subaccount (Class 2) 2006 4,775 0.958 - 1.577 6,745 -- 1.30 - 2.65 0.00 - 7.26 2005 5,071 0.895 - 1.476 6,756 -- 1.30 - 2.65 2.01 - 3.41 2004 4,257 0.868 - 1.433 5,475 -- 1.30 - 2.65 3.30 - 11.81 2003 1,475 0.795 - 1.307 1,609 -- 1.30 - 2.45 0.39 - 35.65 FTVIPT Templeton Developing Markets 2007 5,890 2.437 - 3.606 20,002 2.20 1.30 - 2.75 3.54 - 27.11 Securities Subaccount (Class 2) 2006 6,168 1.945 - 2.837 16,599 1.14 1.30 - 2.75 18.81 - 26.43 2005 4,805 1.561 - 2.244 10,400 1.24 1.30 - 2.75 2.15 - 27.70 2004 1,607 1.750 - 1.784 2,833 1.64 1.30 - 2.45 19.21 - 25.39 2003 195 1.438 - 1.449 281 0.04 1.30 - 2.45 2.13 - 44.90 FTVIPT Templeton Foreign Securities 2007 15,015 1.434 - 2.199 30,610 1.95 1.30 - 2.75 6.07 - 13.96 Subaccount (Class 2) 2006 15,073 1.398 - 1.937 27,232 1.24 1.30 - 2.75 18.20 - 19.93 2005 13,271 1.171 - 1.623 20,189 1.14 1.30 - 2.75 7.19 - 11.30 2004 7,548 1.079 - 1.498 10,592 0.94 1.30 - 2.65 0.52 - 16.90 2003 2,286 0.925 - 1.285 2,642 1.22 1.30 - 2.45 4.18 - 33.26
98
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------ UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- --------------- Janus Aspen Global Life Sciences 2007 9 1.403 12 -- 1.85 19.51 Subaccount (Service Shares) 2006 9 1.174 10 -- 1.85 4.36 2005 12 1.125 14 -- 1.85 10.29 2004 13 1.020 13 -- 1.85 12.09 2003 11 0.910 10 -- 1.85 23.98 Janus Aspen Global Technology 2007 82 1.226 - 1.829 125 0.31 1.75 - 2.25 (1.75) - 19.49 Subaccount (Service Shares) 2006 103 1.026 - 1.536 139 -- 1.85 - 2.25 5.45 - 5.77 2005 112 0.970 - 1.455 146 -- 1.85 - 2.25 9.02 - 9.60 2004 83 0.885 - 1.332 99 -- 1.85 - 2.25 (1.63) - (1.34) 2003 113 0.897 - 1.354 119 -- 1.85 - 2.25 1.20 - 43.75 Janus Aspen Mid Cap Growth Subaccount 2007 1,141 0.666 - 2.265 1,714 0.07 1.30 - 2.60 3.53 - 20.25 (Service Shares) 2006 1,074 0.549 - 1.893 1,140 -- 1.30 - 2.60 7.71 - 11.82 2005 1,290 0.492 - 1.699 1,244 -- 1.30 - 2.45 9.20 - 11.63 2004 1,233 0.446 - 1.543 1,026 -- 1.30 - 2.60 2.69 - 19.00 2003 1,042 0.376 - 1.302 566 -- 1.30 - 2.25 2.64 - 33.10 Janus Aspen Worldwide Growth 2007 48 1.186 - 1.541 60 0.55 1.75 - 2.25 6.94 - 7.48 Subaccount (Service Shares) 2006 76 1.105 - 1.441 87 1.64 1.75 - 2.25 15.28 - 15.87 2005 78 0.955 - 1.250 77 1.25 1.75 - 2.25 3.22 - 3.69 2004 69 0.921 - 1.211 66 1.03 1.75 - 2.25 2.19 - 2.78 2003 35 0.898 - 1.185 34 1.35 1.75 - 2.25 3.93 - 21.52 LMPIS Premier Selections All Cap 2007 -- 1.025 - 1.505 -- 0.06 1.30 - 2.25 6.22 - 6.61 Growth Subaccount (a) 2006 328 0.963 - 1.414 431 -- 1.30 - 2.25 4.93 - 5.94 2005 277 0.909 - 1.340 342 0.14 1.30 - 2.25 3.94 - 7.46 2004 178 0.868 - 1.279 201 -- 1.30 - 2.25 (0.68) - 8.96 2003 100 0.855 - 1.266 105 -- 1.30 - 2.25 13.85 - 32.46 LMPVET Aggressive Growth Subaccount 2007 31,915 1.009 - 1.593 47,829 -- 1.30 - 2.70 (4.83) - 0.20 (Class I) 2006 35,468 1.011 - 1.596 53,332 -- 1.30 - 2.70 5.97 - 7.38 2005 36,678 0.946 - 1.492 51,704 -- 1.30 - 2.70 (1.02) - 11.02 2004 30,450 0.870 - 1.359 39,319 -- 1.30 - 2.60 2.33 - 14.98 2003 12,817 0.803 - 1.258 15,176 -- 1.30 - 2.25 6.00 - 32.76 LMPVET Aggressive Growth Subaccount (Class II) (b) 2007 1,378 1.153 - 1.301 1,767 -- 1.85 - 2.65 (5.20) - (4.69) LMPVET Appreciation Subaccount 2007 14,611 1.224 - 1.579 21,717 1.03 1.30 - 2.70 2.46 - 7.05 (Class I) 2006 16,442 1.149 - 1.481 22,931 1.08 1.30 - 2.70 11.67 - 13.28 2005 18,135 1.019 - 1.312 22,413 0.91 1.30 - 2.70 (1.29) - 3.58 2004 14,841 1.003 - 1.280 17,929 1.45 1.30 - 2.55 (0.24) - 9.79 2003 7,413 0.936 - 1.196 8,238 1.23 1.30 - 2.45 5.04 - 22.98 LMPVET Appreciation Subaccount (Class II) (b) 2007 6,366 1.166 - 1.683 9,384 0.79 1.30 - 2.60 1.15 - 1.39 LMPVET Capital Subaccount 2007 46,043 1.171 - 1.698 69,334 0.37 1.30 - 2.60 (0.75) - 0.48 2006 51,458 1.179 - 1.690 77,566 0.62 1.30 - 2.60 10.70 - 12.22 2005 54,884 1.065 - 1.506 74,357 0.40 1.30 - 2.60 2.56 - 3.86 2004 37,811 1.038 - 1.450 50,014 0.61 1.30 - 2.60 0.78 - 11.80 2003 7,509 1.243 - 1.377 9,575 0.15 1.30 - 2.45 2.00 - 29.69
99
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------ UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- --------------- LMPVET Dividend Strategy Subaccount 2007 2,092 0.972 - 1.415 2,713 2.07 1.30 - 2.45 3.85 - 5.04 2006 2,092 0.926 - 1.352 2,581 2.05 1.30 - 2.60 14.86 - 16.50 2005 2,307 0.797 - 1.166 2,474 2.05 1.30 - 2.60 (3.04) - (1.48) 2004 1,888 0.809 - 1.188 2,063 1.45 1.30 - 2.60 (1.93) - 5.33 2003 575 0.794 - 1.169 636 1.21 1.30 - 2.25 3.73 - 21.90 LMPVET Equity Index Subaccount 2007 7,779 1.043 - 1.575 11,263 1.51 1.30 - 2.60 2.17 - 3.54 (Class II) 2006 8,726 0.998 - 1.527 12,298 1.26 1.30 - 2.60 12.20 - 13.65 2005 10,052 0.880 - 1.349 12,470 1.42 1.30 - 2.60 1.57 - 4.12 2004 7,561 0.857 - 1.316 9,274 1.84 1.30 - 2.60 1.94 - 10.01 2003 3,743 0.790 - 1.214 4,149 2.29 1.30 - 2.45 3.25 - 26.07 LMPVET Fundamental Value Subaccount 2007 29,211 1.206 - 1.650 46,167 1.23 1.30 - 2.70 (5.40) - (0.06) (Class I) 2006 25,226 1.212 - 1.657 40,115 1.61 1.30 - 2.70 13.65 - 15.28 2005 26,597 1.056 - 1.443 36,975 0.99 1.30 - 2.70 2.09 - 7.90 2004 22,953 1.034 - 1.401 31,170 0.93 1.30 - 2.60 3.71 - 8.83 2003 8,916 0.970 - 1.316 11,336 1.36 1.30 - 2.25 4.96 - 36.83 LMPVET Global Equity Subaccount 2007 16,577 1.215 - 1.881 26,885 0.55 1.30 - 2.60 2.25 - 3.58 2006 18,124 1.185 - 1.816 28,536 1.19 1.30 - 2.60 12.14 - 13.71 2005 17,228 1.052 - 1.597 24,290 0.85 1.30 - 2.70 1.94 - 8.55 2004 9,130 1.065 - 1.519 12,460 1.08 1.30 - 2.60 3.92 - 10.02 2003 960 1.238 - 1.395 1,226 0.39 1.30 - 2.25 7.71 - 29.92 LMPVET International All Cap 2007 182 0.944 - 1.978 186 0.84 1.30 - 2.25 3.94 - 4.96 Opportunity Subaccount 2006 224 0.901 - 1.903 244 2.04 1.30 - 2.25 23.09 - 24.25 2005 267 0.726 - 1.546 234 1.36 1.30 - 2.25 9.18 - 10.27 2004 285 0.659 - 1.416 221 0.90 1.30 - 2.25 15.31 - 16.34 2003 372 0.567 - 1.228 237 1.23 1.30 - 2.25 25.09 - 28.59 LMPVET Investors Subaccount (Class I) 2007 4,565 1.231 - 1.684 7,243 1.24 1.30 - 2.60 1.22 - 2.59 2006 4,379 1.206 - 1.648 6,854 1.57 1.30 - 2.60 15.18 - 16.76 2005 5,024 1.038 - 1.418 6,765 1.27 1.30 - 2.60 1.82 - 9.08 2004 4,491 0.991 - 1.353 5,760 1.97 1.30 - 2.60 3.44 - 11.57 2003 2,239 0.920 - 1.247 2,605 2.70 1.30 - 2.25 6.50 - 30.68 LMPVET Large Cap Growth Subaccount 2007 8,638 1.024 - 1.492 11,560 0.04 1.30 - 2.55 (0.95) - 4.03 (Class I) 2006 10,037 0.976 - 1.441 12,993 0.15 1.30 - 2.55 1.97 - 3.22 2005 10,831 0.947 - 1.401 13,693 0.14 1.30 - 2.55 2.70 - 12.67 2004 9,796 0.914 - 1.354 11,986 0.50 1.30 - 2.45 (1.90) - 8.75 2003 4,886 0.925 - 1.373 5,781 0.04 1.30 - 2.25 4.19 - 45.64 LMPVET Mid Cap Core Subaccount 2007 5,996 1.302 - 1.731 10,023 0.38 1.30 - 2.70 4.27 - 5.81 (Class I) 2006 6,789 1.235 - 1.636 10,784 0.54 1.30 - 2.70 11.72 - 13.30 2005 7,503 1.093 - 1.444 10,570 0.63 1.30 - 2.70 2.71 - 12.17 2004 6,916 1.025 - 1.353 9,206 -- 1.30 - 2.60 5.97 - 18.40 2003 3,514 0.943 - 1.247 4,342 -- 1.30 - 2.25 4.65 - 30.47 LMPVET Multiple Discipline Subaccount 2007 -- 1.152 - 1.660 -- 0.52 1.30 - 2.60 1.01 - 2.09 Large Cap Growth and Value (c) 2006 7,788 1.140 - 1.626 11,162 0.75 1.30 - 2.60 6.72 - 10.84 2005 8,713 1.041 - 1.467 11,380 0.71 1.30 - 2.55 0.87 - 2.23 2004 5,645 1.032 - 1.435 7,304 1.46 1.30 - 2.55 0.34 - 8.98 2003 1,463 1.213 - 1.362 1,843 0.88 1.30 - 2.25 1.72 - 36.96
100
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------ UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- --------------- LMPVET Small Cap Growth Subaccount 2007 4,192 1.223 - 1.987 7,681 -- 1.30 - 2.75 0.83 - 8.63 (Class I) 2006 2,251 1.131 - 1.837 3,817 -- 1.30 - 2.75 9.77 - 11.33 2005 2,422 1.021 - 1.657 3,695 -- 1.30 - 2.75 (0.50) - 3.55 2004 2,333 0.990 - 1.607 3,447 -- 1.30 - 2.45 7.83 - 21.66 2003 1,063 0.875 - 1.420 1,328 -- 1.30 - 2.25 1.65 - 47.04 LMPVET Social Awareness 2007 83 1.255 - 1.278 105 1.69 1.75 - 2.25 8.38 - 8.95 Subaccount 2006 66 1.158 - 1.173 77 0.72 2.15 - 2.25 5.37 - 13.49 2005 45 1.099 - 1.109 49 1.75 1.75 - 2.25 2.04 - 2.59 2004 40 1.077 - 1.081 44 1.53 1.75 - 2.25 8.10 - 10.92 LMPVPI All Cap Subaccount (Class I) (a) 2007 -- 1.252 - 1.741 -- 0.29 1.30 - 2.60 4.52 - 5.01 2006 8,124 1.194 - 1.660 12,860 1.33 1.30 - 2.60 15.13 - 16.57 2005 9,059 1.029 - 1.430 12,349 0.89 1.30 - 2.60 1.38 - 2.74 2004 8,353 1.006 - 1.397 11,119 0.68 1.30 - 2.60 0.69 - 9.51 2003 4,378 0.946 - 1.312 5,433 0.45 1.30 - 2.25 1.72 - 39.28 LMPVPI All Cap Subaccount (Class II) (a) 2007 -- 1.280 - 1.293 -- 0.04 1.85 - 2.35 4.49 - 5.14 2006 158 1.225 - 1.235 194 1.39 1.85 - 2.35 15.13 - 15.75 2005 82 1.064 - 1.067 87 1.59 1.85 - 2.35 2.01 - 6.40 LMPVPII Growth and Income Subaccount 2007 -- 1.271 - 1.521 -- 0.06 1.75 - 2.25 4.20 - 4.42 (Class I) (a) 2006 100 1.218 - 1.459 137 0.38 1.60 - 2.25 9.91 - 10.59 2005 169 1.103 - 1.326 198 0.37 1.60 - 2.25 1.38 - 2.01 2004 172 1.085 - 1.307 198 0.96 1.60 - 2.25 5.93 - 7.57 2003 153 1.019 - 1.231 163 1.36 1.60 - 2.25 3.97 - 28.16 LMPVPV Small Cap Growth 2007 -- 1.341 - 1.888 -- 0.02 1.30 - 2.55 6.39 - 6.83 Opportunities Subaccount (a) 2006 2,462 1.256 - 1.770 4,018 -- 1.30 - 2.55 10.05 - 11.49 2005 2,498 1.129 - 1.595 3,667 -- 1.30 - 2.55 2.36 - 12.64 2004 2,133 1.093 - 1.546 3,060 0.11 1.30 - 2.45 6.22 - 14.51 2003 784 0.970 - 1.360 991 -- 1.30 - 2.25 6.09 - 40.20 LMPVPI Large Cap Growth 2007 -- 1.229 - 1.461 -- -- 1.75 - 2.25 3.93 - 4.15 Subaccount (Class I) (a) 2006 272 1.180 - 1.405 374 -- 1.60 - 2.25 1.89 - 2.58 2005 362 1.154 - 1.377 474 0.02 1.60 - 2.25 2.92 - 3.56 2004 299 1.117 - 1.337 381 0.20 1.60 - 2.25 (1.77) - (1.14) 2003 189 1.132 - 1.359 245 0.01 1.60 - 2.25 0.00 - 42.30 LMPVPII Aggressive Growth 2007 -- 1.261 - 1.680 -- -- 1.75 - 2.55 3.19 - 3.50 Subaccount (Class I) (a) 2006 527 1.222 - 1.625 832 -- 1.60 - 2.55 8.33 - 9.33 2005 677 1.128 - 1.495 970 -- 1.60 - 2.55 7.30 - 12.57 2004 567 1.113 - 1.390 762 -- 1.60 - 2.35 3.24 - 7.38 2003 314 1.039 - 1.302 406 -- 1.60 - 2.25 5.43 - 37.78 LMPVPII Aggressive Growth 2007 -- 1.214 - 1.365 -- -- 1.85 - 2.65 3.11 - 3.41 Subaccount (Class II) (a) 2006 1,490 1.176 - 1.325 1,946 -- 1.75 - 2.65 1.64 - 8.87 2005 1,506 1.124 - 1.217 1,815 -- 1.75 - 2.65 0.25 - 7.71 2004 1,009 1.118 - 1.130 1,134 -- 1.75 - 2.65 (2.18) - 10.18 2003 2 1.057 2 -- 1.75 5.70
101
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------ UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- --------------- LMPVET Capital and Income Subaccount 2007 46,724 1.143 - 1.513 64,315 1.11 1.30 - 2.70 (0.72) - 3.99 (Class II) 2006 54,540 1.110 - 1.455 72,728 1.53 1.30 - 2.70 7.57 - 9.15 2005 57,528 1.028 - 1.333 71,187 1.36 1.30 - 2.70 1.62 - 3.94 2004 38,579 1.112 - 1.296 47,020 1.55 1.30 - 2.60 (0.45) - 6.12 2003 7,964 1.165 - 1.250 9,573 0.68 1.30 - 2.45 1.04 - 20.33 LMPVIT Adjustable Rate Income 2007 5,165 0.981 - 1.037 5,191 4.51 1.30 - 2.70 (1.39) - 0.10 Subaccount 2006 5,643 0.993 - 1.036 5,711 4.42 1.30 - 2.70 1.41 - 2.68 2005 5,777 0.979 - 1.009 5,732 3.49 1.30 - 2.70 (0.31) - 1.10 2004 3,523 0.982 - 0.998 3,483 2.59 1.30 - 2.60 (1.11) - 0.20 2003 125 0.997 - 0.999 125 0.39 1.30 - 2.25 (0.10) - 0.10 LMPVIT Diversified Strategic Income 2007 8,830 1.131 - 1.316 10,804 4.89 1.30 - 2.45 (0.51) - 0.62 Subaccount 2006 10,306 1.134 - 1.308 12,605 5.63 1.30 - 2.45 2.87 - 4.06 2005 12,143 1.103 - 1.257 14,357 5.75 1.30 - 2.45 (0.27) - 1.21 2004 10,494 1.100 - 1.242 12,350 7.00 1.30 - 2.45 3.58 - 8.07 2003 3,980 1.103 - 1.178 4,530 11.04 1.30 - 2.25 0.80 - 10.30 LMPVIT High Income Subaccount 2007 13,928 1.140 - 1.489 19,785 8.43 1.30 - 2.70 (2.40) - (0.94) 2006 15,372 1.168 - 1.510 22,169 7.60 1.30 - 2.70 8.05 - 9.54 2005 16,399 1.081 - 1.384 21,794 8.67 1.30 - 2.70 0.00 - 3.04 2004 13,169 1.134 - 1.372 17,383 11.04 1.30 - 2.60 2.94 - 10.72 2003 6,560 1.049 - 1.263 7,798 14.26 1.30 - 2.45 3.04 - 25.81 LMPVIT Money Market Subaccount 2007 13,480 1.013 - 1.157 14,221 4.78 1.30 - 2.70 2.08 - 3.58 2006 10,981 0.990 - 1.117 11,355 4.53 1.30 - 2.70 1.91 - 3.23 2005 11,071 0.969 - 1.082 11,097 2.76 1.30 - 2.70 0.20 - 1.50 2004 12,977 0.966 - 1.066 12,918 0.94 1.30 - 2.45 (1.42) - 0.00 2003 7,925 0.983 - 1.070 8,048 0.64 1.30 - 2.25 (1.21) - (0.10) LMPVPI Total Return Subaccount 2007 -- 1.187 - 1.266 -- 0.57 1.85 - 2.65 2.50 - 2.76 (Class II) (a) 2006 501 1.156 - 1.236 611 2.00 1.75 - 2.65 1.52 - 10.36 2005 416 1.104 - 1.120 461 2.08 1.75 - 2.45 0.45 - 4.71 2004 245 1.099 - 1.107 269 3.19 1.75 - 2.45 3.77 - 6.65 2003 1 1.038 1 0.27 1.75 3.80 LMPVPIII Large Cap Value Subaccount (a) 2007 -- 1.266 - 1.652 -- 0.38 1.30 - 2.25 4.89 - 5.20 2006 744 1.191 - 1.575 923 1.13 1.30 - 2.25 15.64 - 16.76 2005 937 1.023 - 1.362 1,003 1.60 1.30 - 2.25 4.13 - 5.06 2004 999 0.975 - 1.308 1,023 1.91 1.30 - 2.25 8.19 - 9.29 2003 1,035 0.895 - 1.209 965 1.79 1.30 - 2.25 24.38 - 25.91 Lord Abbett Growth and Income 2007 -- 1.310 - 1.699 -- -- 1.30 - 2.65 3.55 - 3.99 Subaccount (Class VC) (a) 2006 5,057 1.264 - 1.634 7,911 1.29 1.30 - 2.65 14.24 - 15.80 2005 4,872 1.106 - 1.411 6,636 1.18 1.30 - 2.65 0.56 - 4.54 2004 2,818 1.248 - 1.385 3,843 1.86 1.30 - 2.65 4.16 - 11.24 2003 380 1.237 - 1.245 471 2.82 1.30 - 2.25 5.17 - 24.50 Lord Abbett Mid-Cap Value Subaccount 2007 -- 1.462 - 2.015 -- -- 1.30 - 2.75 9.76 - 10.29 (Class VC) (a) 2006 7,443 1.332 - 1.827 13,009 0.49 1.30 - 2.75 9.26 - 10.79 2005 7,622 1.219 - 1.649 12,137 0.60 1.30 - 2.75 1.41 - 10.58 2004 2,953 1.393 - 1.543 4,489 0.58 1.30 - 2.65 11.03 - 22.46 2003 497 1.251 - 1.260 623 1.56 1.30 - 2.45 3.98 - 26.00
102
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------- UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- ---------------- MIST Batterymarch Mid-Cap Stock 2007 330 1.419 - 1.722 540 0.33 1.75 - 2.35 3.58 - 4.23 Subaccount (Class A) 2006 460 1.363 - 1.659 719 -- 1.75 - 2.35 (5.27) - (4.86) MIST BlackRock High Yield Subaccount 2007 933 1.147 - 1.422 1,308 8.77 1.64 - 2.64 (3.27) - 0.99 (Class A) 2006 817 1.262 - 1.410 1,142 -- 1.75 - 2.45 4.77 - 5.31 MIST BlackRock Large-Cap Core Subaccount (Class E) (b) 2007 1,457 0.995 - 1.711 2,049 -- 1.30 - 2.45 (0.66) - 0.10 MIST BlackRock Large-Cap Core 2007 -- 0.994 - 1.713 -- 0.72 1.30 - 2.45 4.54 - 5.03 Subaccount (Class A) (a) 2006 1,482 0.948 - 1.635 1,966 -- 1.30 - 2.45 5.31 - 9.32 MIST Dreman Small-Cap Value 2007 793 1.291 - 1.334 1,044 -- 1.30 - 2.55 (3.44) - (2.22) Subaccount (Class A) 2006 375 1.337 - 1.365 507 0.66 1.30 - 2.55 0.75 - 18.52 MIST Harris Oakmark International 2007 4,199 1.472 - 1.912 7,505 0.90 1.29 - 2.69 (3.48) - (2.14) Subaccount (Class A) 2006 4,080 1.525 - 1.962 7,514 -- 1.26 - 2.66 4.17 - 11.19 MIST Janus Forty Subaccount (Class A) 2007 811 1.661 - 2.101 1,599 0.16 1.30 - 2.75 0.89 - 28.73 2006 598 1.312 - 1.640 902 -- 1.30 - 2.75 1.74 - 13.45 MIST Lazard Mid-Cap Subaccount (Class B) (b) 2007 97 1.088 - 1.120 106 -- 1.40 - 2.50 (14.93) - (12.23) MIST Legg Mason Partners Managed 2007 210 1.226 - 1.249 260 2.40 1.75 - 2.25 3.99 - 4.52 Assets Subaccount (Class A) 2006 219 1.179 - 1.195 260 -- 1.75 - 2.25 5.17 - 5.57 MIST Lord Abbett Bond Debenture 2007 1,341 1.394 - 1.475 1,935 5.60 1.75 - 2.45 4.20 - 5.02 Subaccount (Class A) 2006 1,727 1.329 - 1.408 2,376 -- 1.75 - 2.45 4.23 - 4.71 MIST Lord Abbett Growth and Income 2007 26,572 1.080 - 1.104 28,981 0.72 1.30 - 2.60 (2.53) - 2.41 Subaccount (Class B) 2006 21,693 1.069 - 1.078 23,275 -- 1.30 - 2.55 6.79 - 7.69 MIST Lord Abbett Mid-Cap Value 2007 11,399 1.041 - 1.067 12,008 0.04 1.30 - 2.75 (10.80) - (0.75) Subaccount (Class B) 2006 392 1.064 - 1.073 419 -- 1.40 - 2.70 0.85 - 14.98 MIST Met/AIM Capital Appreciation 2007 1,509 1.083 - 1.591 2,264 0.09 1.30 - 2.75 8.81 - 10.44 Subaccount (Class A) 2006 1,705 0.982 - 1.446 2,336 0.18 1.30 - 2.75 (1.95) - (1.00) MIST Met/AIM Capital Appreciation Subaccount (Class E) (b) 2007 878 1.217 - 1.310 1,134 -- 1.85 - 2.65 2.34 - 2.91 MIST Met/AIM Small Cap Growth 2007 150 1.366 - 1.404 207 -- 1.40 - 2.45 (5.99) - 9.86 Subaccount (Class A) 2006 68 1.259 - 1.278 85 -- 1.40 - 2.35 (1.25) - (0.62) MIST MFS Emerging Markets Equity Subaccount (Class A) (b) 2007 1 2.945 4 -- 1.85 25.00 MIST MFS Research International Subaccount (Class B) (b) 2007 1,122 1.596 - 2.247 2,259 -- 1.30 - 2.55 0.00 - 4.69 MIST MFS Value Subaccount (Class A) 2007 3,642 1.440 - 1.501 5,333 -- 1.30 - 2.70 (1.57) - 6.23 2006 3,838 1.371 - 1.413 5,327 1.34 1.30 - 2.70 9.73 - 11.26
103
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------- UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- ---------------- MIST Neuberger Berman Real Estate 2007 3,351 1.003 - 1.026 3,399 1.08 1.40 - 2.75 (19.29) - (16.04) Subaccount (Class A) 2006 3,868 1.211 - 1.222 4,702 -- 1.40 - 2.75 (1.14) - 21.83 MIST Oppenheimer Capital Appreciation 2007 1,538 1.114 - 1.129 1,729 -- 1.85 - 2.65 11.29 - 12.23 Subaccount (Class B) 2006 1,605 1.001 - 1.006 1,612 -- 1.85 - 2.65 0.70 - 1.21 MIST PIMCO Inflation Protected Bond Subaccount (Class A) (b) 2007 17,148 1.113 - 1.228 20,423 -- 1.30 - 2.70 5.50 - 6.50 MIST Pioneer Fund Subaccount (Class A) 2007 1,384 1.453 - 1.650 2,198 0.88 1.40 - 2.60 2.25 - 3.58 2006 1,662 1.421 - 1.593 2,571 -- 1.40 - 2.60 6.84 - 7.64 MIST Pioneer Mid-Cap Value Subaccount 2007 -- 1.250 - 1.276 -- 0.53 1.40 - 2.50 7.14 - 10.36 (Class A) (a) 2006 55 1.135 - 1.149 63 0.27 1.75 - 2.50 4.61 - 14.09 MIST Pioneer Strategic Income 2007 10,499 1.179 - 1.239 12,655 0.68 1.30 - 2.70 3.79 - 5.27 Subaccount (Class A) 2006 10,179 1.136 - 1.177 11,743 4.77 1.30 - 2.70 2.77 - 3.79 MIST Third Avenue Small Cap Value 2007 16,292 0.964 - 0.987 15,891 0.73 1.30 - 2.70 (5.58) - (4.27) Subaccount (Class B) 2006 11,422 1.021 - 1.031 11,719 -- 1.30 - 2.70 1.79 - 2.69 MSF BlackRock Aggressive Growth 2007 2,237 1.007 - 1.822 3,413 -- 1.30 - 2.70 17.21 - 18.87 Subaccount (Class D) 2006 2,260 0.854 - 1.540 2,913 -- 1.30 - 2.70 (3.09) - (2.21) MSF BlackRock Bond Income Subaccount 2007 1,016 1.087 - 1.208 1,170 3.27 1.75 - 2.45 3.70 - 4.41 (Class A) 2006 1,143 1.047 - 1.157 1,270 -- 1.75 - 2.45 3.35 - 3.77 MSF BlackRock Bond Income Subaccount 2007 13,086 1.064 - 1.321 15,081 3.12 1.30 - 2.70 3.30 - 4.76 (Class E) 2006 14,465 1.030 - 1.261 15,992 -- 1.30 - 2.70 3.00 - 3.96 MSF BlackRock Money Market 2007 3,636 1.020 - 1.054 3,770 4.94 1.75 - 2.75 1.87 - 3.33 Subaccount (Class A) 2006 2,171 0.995 - 1.020 2,193 3.29 1.75 - 2.75 0.40 - 2.11 MSF Capital Guardian U.S. Equity 2007 705 0.731 - 1.352 782 0.44 1.30 - 2.60 (2.69) - (1.45) Subaccount (Class A) 2006 751 0.743 - 1.377 896 -- 1.30 - 2.60 2.10 - 2.99 MSF FI Large Cap Subaccount (Class A) 2007 3,165 0.818 - 1.414 3,928 0.16 1.30 - 2.65 1.26 - 2.58 2006 3,523 0.799 - 1.384 4,284 -- 1.30 - 2.65 0.63 - 1.62 MSF FI Value Leaders Subaccount 2007 9,574 1.215 - 1.511 13,956 0.84 1.30 - 2.65 (0.95) - 2.77 (Class D) 2006 11,192 1.197 - 1.477 15,987 -- 1.30 - 2.65 1.86 - 2.76 MSF MetLife Aggressive Allocation 2007 1,062 1.063 - 1.081 1,133 0.04 1.40 - 2.40 (6.72) - 1.42 Subaccount (Class B) 2006 741 1.055 - 1.059 782 -- 1.80 - 2.40 5.29 - 10.24 MSF MetLife Conservative Allocation 2007 2,362 1.070 - 1.089 2,539 -- 1.30 - 2.35 3.18 - 4.21 Subaccount (Class B) 2006 933 1.037 - 1.045 970 -- 1.30 - 2.35 3.60 - 5.26 MSF MetLife Conservative to Moderate 2007 2,093 1.069 - 1.086 2,246 -- 1.40 - 2.35 (0.65) - 3.33 Allocation Subaccount (Class B) 2006 688 1.044 - 1.051 719 -- 1.40 - 2.35 3.47 - 8.71 MSF MetLife Moderate Allocation 2007 3,304 1.063 - 1.088 3,556 0.01 1.30 - 2.70 (1.63) - 2.93 Subaccount (Class B) 2006 1,751 1.047 - 1.057 1,840 -- 1.30 - 2.70 (0.38) - 7.45
104
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------ UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- --------------- MSF MetLife Moderate to Aggressive 2007 2,748 1.069 - 1.088 2,957 0.03 1.30 - 2.35 (3.40) - 2.45 Allocation Subaccount (Class B) 2006 2,130 1.054 - 1.062 2,251 -- 1.30 - 2.35 5.19 - 11.03 MSF MFS Total Return Subaccount (Class B) (b) 2007 47 0.973 - 0.978 46 -- 1.85 - 2.50 (1.71) - 0.00 MSF MFS Total Return Subaccount 2007 32,067 1.211 - 1.554 44,929 1.99 1.30 - 2.75 1.25 - 2.85 (Class F) 2006 35,338 1.196 - 1.511 48,468 -- 1.30 - 2.70 6.12 - 7.09 MSF Oppenheimer Global Equity 2007 14,334 1.078 - 1.105 15,632 0.89 1.30 - 2.75 0.46 - 4.94 Subaccount (Class B) 2006 15,036 1.043 - 1.053 15,752 -- 1.24 - 2.69 3.96 - 5.72 MSF T. Rowe Price Large Cap Growth 2007 1,923 1.133 - 1.154 2,198 0.20 1.30 - 2.40 6.59 - 7.75 Subaccount (Class B) 2006 2,141 1.063 - 1.071 2,284 -- 1.30 - 2.40 2.50 - 7.31 MSF Western Asset Management High 2007 -- 1.171 - 1.196 -- 8.75 1.75 - 2.55 3.50 - 3.73 Yield Bond Subaccount (Class A)(a) 2006 318 1.131 - 1.153 363 -- 1.75 - 2.55 5.55 - 6.17 MSF Western Asset Management U.S. 2007 240 1.073 - 1.101 260 2.71 1.60 - 2.30 1.90 - 2.71 Government Subaccount (Class A) 2006 245 1.053 - 1.072 260 -- 1.60 - 2.30 2.93 - 3.38 PIMCO VIT Real Return Subaccount 2007 -- 1.053 - 1.153 -- 1.55 1.30 - 2.75 1.63 - 2.13 (Administrative Class) (a) 2006 17,515 1.036 - 1.129 19,308 4.24 1.30 - 2.75 (2.08) - (0.62) 2005 16,484 1.058 - 1.136 18,406 2.88 1.30 - 2.75 (0.80) - 0.85 2004 8,461 1.106 - 1.127 9,448 1.20 1.30 - 2.65 1.28 - 7.44 2003 881 1.041 - 1.049 919 0.46 1.30 - 2.45 (0.76) - 5.66 PIMCO VIT Total Return Subaccount 2007 52,847 1.076 - 1.355 63,542 4.80 1.30 - 2.70 5.80 - 7.37 (Administrative Class) 2006 53,957 1.012 - 1.262 60,863 4.41 1.30 - 2.70 1.06 - 2.52 2005 56,470 0.998 - 1.231 62,694 3.46 1.30 - 2.70 (1.19) - 1.07 2004 42,016 1.043 - 1.218 46,765 1.91 1.30 - 2.65 (0.29) - 3.97 2003 23,284 1.037 - 1.176 25,612 2.74 1.30 - 2.45 0.00 - 3.70 Pioneer America Income VCT Subaccount 2007 -- 1.029 - 1.062 -- 3.95 1.85 - 2.65 2.80 - 3.51 (Class II) (c) 2006 1,593 1.001 - 1.030 1,621 4.43 1.75 - 2.65 0.50 - 2.39 2005 1,261 0.996 - 1.023 1,271 4.46 1.75 - 2.65 (1.09) - (0.00) 2004 680 1.005 - 1.015 687 4.40 1.75 - 2.65 (0.39) - 3.17 2003 1 1.002 1 0.51 1.75 0.20 Pioneer Bond VCT Subaccount (Class II) (d) 2007 1,426 1.090 - 1.091 1,556 0.65 1.85 - 2.65 9.00 - 9.10 Pioneer Cullen Value VCT Subaccount 2007 645 1.298 - 1.320 845 0.86 1.85 - 2.45 3.76 - 4.43 (Class II) 2006 603 1.246 - 1.264 758 0.17 1.85 - 2.65 14.10 - 15.01 2005 222 1.092 - 1.099 244 -- 1.85 - 2.65 (1.08) - 12.41 Pioneer Emerging Markets VCT 2007 283 2.381 - 3.294 894 0.37 1.85 - 2.65 38.73 - 39.81 Subaccount (Class II) 2006 341 1.711 - 2.356 785 0.35 1.75 - 2.65 8.43 - 33.03 2005 344 1.736 - 1.775 604 0.47 1.75 - 2.65 34.10 - 36.37 2004 198 1.299 - 1.312 258 0.63 1.75 - 2.65 3.82 - 27.65 2003 2 1.125 2 -- 1.75 12.50
105
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------- UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- ---------------- Pioneer Equity Income VCT Subaccount 2007 1,577 1.203 - 1.485 2,308 2.33 1.85 - 2.45 (1.90) - (1.33) (Class II) 2006 1,537 1.225 - 1.510 2,284 2.36 1.75 - 2.45 3.38 - 20.03 2005 1,442 1.240 - 1.258 1,800 2.24 1.75 - 2.45 2.99 - 5.08 2004 809 1.204 - 1.213 977 2.84 1.75 - 2.45 0.92 - 14.00 2003 2 1.064 2 0.49 1.75 6.40 Pioneer Equity Opportunity VCT 2007 -- 1.274 - 1.285 -- 0.15 1.85 - 2.25 9.45 - 9.83 Subaccount (Class II) (c) 2006 53 1.164 - 1.170 62 0.39 1.85 - 2.25 16.63 - 17.12 2005 31 0.998 - 0.999 31 -- 1.85 - 2.25 (0.20) - 4.28 Pioneer Fund VCT Subaccount(Class II) 2007 1,458 1.303 - 1.401 2,008 1.03 1.85 - 2.65 0.00 - 2.86 2006 1,084 1.329 - 1.367 1,459 1.09 1.75 - 2.65 13.30 - 14.39 2005 1,269 1.173 - 1.195 1,500 1.13 1.75 - 2.65 3.17 - 7.72 2004 1,016 1.137 - 1.148 1,160 1.22 1.75 - 2.65 1.51 - 12.01 2003 2 1.053 2 0.25 1.75 5.30 Pioneer Global High Yield VCT 2007 2,439 1.126 - 1.152 2,769 8.01 1.85 - 2.70 (1.92) - 0.26 Subaccount (Class II) 2006 2,162 1.134 - 1.149 2,462 7.34 1.85 - 2.65 6.27 - 9.95 2005 837 1.040 - 1.045 872 4.58 1.85 - 2.55 0.67 - 5.80 Pioneer High Yield VCT Subaccount 2007 2,183 1.153 - 1.192 2,568 5.08 1.85 - 2.65 1.90 - 3.65 (Class II) 2006 2,250 1.122 - 1.154 2,562 5.28 1.75 - 2.65 5.45 - 6.46 2005 2,182 1.064 - 1.084 2,346 5.23 1.75 - 2.65 (1.02) - 4.78 2004 1,372 1.075 - 1.085 1,482 4.96 1.75 - 2.65 2.66 - 7.70 2003 1 1.025 1 0.60 1.75 2.50 Pioneer Ibbotson Aggressive 2007 651 1.240 - 1.260 814 1.20 1.85 - 2.45 (1.89) - 3.28 Allocation VCT Subaccount (Class II) 2006 646 1.204 - 1.220 784 0.21 1.85 - 2.65 4.76 - 12.34 2005 216 1.081 - 1.086 234 -- 1.85 - 2.65 (1.10) - 8.30 Pioneer Ibbotson Growth Allocation 2007 15,057 1.090 - 1.229 18,137 1.04 1.85 - 2.85 (2.36) - 3.80 VCT Subaccount (Class II) 2006 10,134 1.168 - 1.184 11,866 0.13 1.85 - 2.70 5.64 - 10.29 2005 177 1.067 - 1.069 189 -- 2.10 - 2.35 2.49 - 6.80 Pioneer Ibbotson Moderate Allocation 2007 7,698 1.077 - 1.182 8,890 1.01 1.85 - 2.85 (1.53) - 3.78 VCT Subaccount (Class II) 2006 4,524 1.049 - 1.139 5,046 0.21 1.85 - 2.85 (0.27) - 8.58 2005 870 1.046 - 1.049 910 -- 1.85 - 2.35 1.95 - 4.29 Pioneer Independence VCT Subaccount 2007 118 1.204 - 1.229 144 -- 1.85 - 2.35 4.88 - 5.40 (Class II) 2006 119 1.148 - 1.169 138 -- 1.75 - 2.35 6.49 - 7.15 2005 101 1.078 - 1.091 109 0.61 1.75 - 2.35 0.84 - 1.39 2004 100 1.069 - 1.076 107 -- 1.75 - 2.35 1.42 - 10.48 2003 1 1.030 1 -- 1.75 3.00 Pioneer International Value VCT 2007 468 1.489 - 1.922 882 0.32 1.85 - 2.55 10.39 - 11.16 Subaccount (Class II) 2006 440 1.346 - 1.735 747 0.28 1.75 - 2.55 4.99 - 20.49 2005 283 1.313 - 1.440 404 0.07 1.75 - 2.55 6.40 - 13.21 2004 183 1.262 - 1.272 232 0.15 1.75 - 2.45 3.27 - 16.38 2003 1 1.093 1 -- 1.75 9.30 Pioneer Mid Cap Value VCT Subaccount 2007 1,351 1.194 - 1.514 2,020 0.58 1.85 - 2.65 2.59 - 3.42 (Class II) 2006 1,365 1.159 - 1.464 1,979 -- 1.75 - 2.65 1.67 - 10.37 2005 1,204 1.199 - 1.331 1,588 0.20 1.75 - 2.65 (0.08) - 5.80 2004 590 1.246 - 1.258 739 0.21 1.75 - 2.65 2.21 - 19.58 2003 2 1.052 2 -- 1.75 5.20
106
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------- UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- ---------------- Pioneer Oak Ridge Large Cap Growth 2007 911 1.191 - 1.243 1,117 0.19 1.85 - 2.65 5.33 - 6.15 VCT Subaccount (Class II) 2006 969 1.130 - 1.174 1,124 0.03 1.75 - 2.65 0.09 - 0.95 2005 536 1.128 - 1.163 618 0.14 1.75 - 2.65 (2.46) - 12.79 2004 92 1.086 - 1.094 100 -- 1.75 - 2.65 1.21 - 12.94 Pioneer Real Estate Shares VCT 2007 382 1.239 - 1.665 622 2.58 1.85 - 2.55 (21.16) - (20.60) Subaccount (Class II) 2006 403 1.568 - 2.103 832 2.36 1.75 - 2.65 6.59 - 34.12 2005 338 1.463 - 1.568 525 3.18 1.75 - 2.65 11.93 - 15.93 2004 248 1.375 - 1.389 343 4.56 1.75 - 2.65 1.62 - 37.38 2003 2 1.044 2 1.26 1.75 4.40 Pioneer Small and Mid Cap Growth VCT 2007 -- 1.269 - 1.373 -- -- 1.85 - 2.55 17.28 - 17.96 Subaccount (Class II) (c) 2006 700 1.082 - 1.168 804 -- 1.75 - 2.55 5.15 - 5.99 2005 598 1.029 - 1.102 652 -- 1.75 - 2.55 2.06 - 6.65 2004 298 1.066 - 1.072 318 -- 1.75 - 2.55 0.00 - 9.19 Pioneer Small Cap Value VCT 2007 506 1.257 - 1.392 692 0.49 1.85 - 2.55 (9.50) - (8.90) Subaccount (Class II) 2006 498 1.389 - 1.532 751 -- 1.75 - 2.55 11.11 - 12.15 2005 490 1.249 - 1.366 662 -- 1.75 - 2.55 3.51 - 16.84 2004 168 1.239 - 1.251 208 -- 1.75 - 2.65 1.89 - 17.80 2003 1 1.062 1 -- 1.75 6.20 Pioneer Strategic Income VCT 2007 2,876 1.169 - 1.208 3,427 5.15 1.85 - 2.65 3.36 - 4.23 Subaccount (Class II) 2006 2,964 1.131 - 1.163 3,403 5.15 1.75 - 2.65 1.97 - 4.40 2005 2,557 1.093 - 1.114 2,825 5.59 1.75 - 2.65 (0.72) - 1.29 2004 1,168 1.095 - 1.106 1,286 5.62 1.75 - 2.65 0.46 - 9.69 2003 1 1.024 1 0.52 1.75 2.40 Pioneer Value VCT Subaccount 2007 -- 1.233 - 1.346 -- 2.70 1.85 - 2.65 (0.76) - (0.07) (Class II) (c) 2006 595 1.242 - 1.352 790 0.23 1.75 - 2.65 12.02 - 13.04 2005 595 1.107 - 1.196 703 0.09 1.75 - 2.65 1.91 - 5.03 2004 466 1.151 - 1.162 539 0.03 1.75 - 2.65 1.49 - 9.87 2003 1 1.062 1 0.01 1.75 6.20 Putnam VT Discovery Growth Subaccount 2007 62 0.973 - 1.450 73 -- 1.30 - 1.85 8.29 - 8.89 (Class IB) 2006 63 0.895 - 1.339 69 -- 1.30 - 1.85 9.04 - 9.62 2005 72 0.817 - 1.228 73 -- 1.30 - 1.85 5.23 - 5.94 2004 154 0.773 - 1.167 163 -- 1.30 - 1.85 5.61 - 6.18 2003 150 0.728 - 1.105 151 -- 1.30 - 1.85 29.54 - 30.36 Putnam VT International Equity 2007 -- 1.526 - 2.152 -- 2.79 1.30 - 2.25 8.02 - 8.33 Subaccount (Class IB) (a) 2006 1,232 1.409 - 1.989 2,218 0.60 1.30 - 2.25 2.66 - 26.07 2005 1,256 1.118 - 1.584 1,817 1.44 1.30 - 2.25 9.65 - 10.85 2004 1,284 1.011 - 1.436 1,688 1.41 1.30 - 2.25 11.97 - 14.71 2003 943 0.882 - 1.257 1,075 0.38 1.30 - 2.25 9.04 - 26.83 Putnam VT Small Cap Value Subaccount 2007 -- 1.507 - 2.311 -- 0.55 1.30 - 2.70 6.35 - 6.93 (Class IB) (a) 2006 3,396 1.417 - 2.164 7,056 0.32 1.30 - 2.70 3.20 - 15.74 2005 3,486 1.243 - 1.877 6,329 0.16 1.30 - 2.60 (2.06) - 12.59 2004 2,375 1.507 - 1.783 4,167 0.31 1.30 - 2.25 11.88 - 24.58 2003 1,484 1.223 - 1.439 2,093 0.19 1.30 - 2.25 3.02 - 56.86
107
AS OF DECEMBER 31 FOR THE YEAR ENDED DECEMBER 31 ------------------------------ ------------------------------------------------- UNIT VALUE(1) NET INVESTMENT(2) EXPENSE RATIO(3) TOTAL RETURN(4) UNITS LOWEST TO ASSETS INCOME LOWEST TO LOWEST TO (000s) HIGHEST ($) ($000s) RATIO (%) HIGHEST (%) HIGHEST (%) ------ ------------- ------- ------------- ---------------- ---------------- Van Kampen LIT Comstock Subaccount 2007 864 1.226 - 1.602 1,289 1.73 1.75 - 2.75 (5.03) - (4.07) (Class II) 2006 1,270 1.291 - 1.673 1,996 1.34 1.75 - 2.75 12.95 - 14.11 2005 1,549 1.143 - 1.470 2,093 0.77 1.75 - 2.75 1.54 - 5.84 2004 955 1.133 - 1.433 1,248 0.61 1.75 - 2.45 8.28 - 15.26 2003 561 0.983 - 1.246 575 0.64 1.85 - 2.25 14.31 - 28.33 Van Kampen LIT Enterprise Subaccount 2007 2 1.466 3 0.15 2.15 10.06 (Class II) 2006 2 1.010 - 1.332 2 0.18 1.85 - 2.15 4.47 - 4.88 2005 2 0.963 - 1.275 2 0.66 1.85 - 2.15 5.63 - 5.94 2004 4 0.909 - 1.207 4 0.08 1.85 - 2.15 1.34 - 1.79 2003 2 0.893 2 0.28 1.85 23.51 Van Kampen LIT Strategic Growth 2007 913 0.884 - 1.560 1,095 0.05 1.30 - 2.60 13.89 - 15.41 Subaccount (Class I) 2006 1,020 0.758 - 1.357 1,071 -- 1.30 - 2.60 0.25 - 1.58 2005 1,086 0.749 - 1.342 1,115 0.26 1.30 - 2.60 5.17 - 9.94 2004 1,092 0.704 - 1.264 1,009 -- 1.30 - 2.60 2.19 - 9.84 2003 886 0.668 - 1.201 726 -- 1.30 - 2.25 6.98 - 25.70
(1) The Company sells a number of variable annuity products which have unique combinations of features and fees that are charged against the contract owner's account balance. Differences in the fee structures result in a variety of unit values, expense ratios, and total returns. (2) These amounts represent the dividends, excluding distributions of capital gains, received by the Subaccount from the underlying portfolio, series, or fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense risk charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The investment income ratio is calculated for each period indicated or from the effective date through the end of the reporting period. The recognition of investment income by the Subaccount is affected by the timing of the declaration of dividends by the underlying portfolio, series, or fund in which the Subaccount invests. (3) These amounts represent the annualized contract expenses of the Separate Account, consisting primarily of mortality and expense risk charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying portfolio, series, or fund have been excluded. (4) These amounts represent the total return for the period indicated, including changes in the value of the underlying portfolio, series, or fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. As the total return is presented as a range from minimum to maximum values, based on the product grouping representing the minimum and maximum expense ratio amounts, some individual contract total returns are not within the ranges presented. (a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 108 This page is intentionally left blank. 6. SCHEDULES OF ACCUMULATION AND ANNUITY UNITS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
AIM V.I. MID CAP AIM V.I. CAPITAL AIM V.I. CORE EQUITY APPRECIATION CORE EQUITY SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERIES II) (SERIES II) (SERIES I) ---------------- ------------------ ----------------- 2007 2006 2007 (a) 2006 2007(a) 2006 ------- ------- -------- -------- -------- ------- Accumulation and annuity units beginning of year 275,834 266,764 931,421 854,914 109,098 -- Accumulation units issued and transferred from other funding options 12,288 29,494 14,478 200,012 -- 205,666 Accumulation units redeemed and transferred to other funding options (55,958) (20,424) (945,899) (123,505) (109,098) (96,568) Annuity units -- -- -- -- -- -- ------- ------- -------- ------- -------- ------- Accumulation and annuity units end of year 232,164 275,834 -- 931,421 -- 109,098 ======= ======= ======== ======= ======== =======
CREDIT SUISSE DREYFUS VIF TRUST EMERGING DREYFUS VIF APPRECIATION DEVELOPING LEADERS MARKETS SUBACCOUNT SUBACCOUNT SUBACCOUNT (INITIAL SHARES) (INITIAL SHARES) -------------- ------------------------ ------------------ 2007 (a) 2006 2007 2006 2007 2006 ------- ----- ------- ------- ------- ------- Accumulation and annuity units beginning of year 6,630 9,238 373,430 419,473 373,219 361,763 Accumulation units issued and transferred from other funding options -- -- 5,535 32,867 21,576 32,223 Accumulation units redeemed and transferred to other funding options (6,630) (2,608) (18,555) (78,910) (20,115) (20,767) Annuity units -- -- -- -- -- -- ------ ------ ------- ------- ------- ------- Accumulation and annuity units end of year -- 6,630 360,410 373,430 374,680 373,219 ====== ====== ======= ======= ======= =======
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 110
AMERICAN FUNDS AMERICAN FUNDS AMERICAN FUNDS GLOBAL GROWTH GROWTH GROWTH-INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) ---------------------- ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- ---------- ---------- ---------- Accumulation and annuity units beginning of year 17,432,988 15,831,854 50,888,715 48,440,020 55,509,070 54,320,266 Accumulation units issued and transferred from other funding options 2,173,371 3,276,995 2,880,682 8,001,283 2,555,891 5,869,333 Accumulation units redeemed and transferred to other funding options (1,971,746) (1,675,861) (5,978,044) (5,552,588) (6,200,279) (4,680,529) Annuity units (8,843) -- (12,413) -- (3,136) -- ---------- ---------- ---------- ---------- ---------- ---------- Accumulation and annuity units end of year 17,625,770 17,432,988 47,778,940 50,888,715 51,861,546 55,509,070 ========== ========== ========== ========== ========== ==========
FIDELITY VIP FIDELITY VIP FIDELITY VIP DYNAMIC CAPITAL CONTRAFUND CONTRAFUND APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS 2) (SERVICE CLASS) (SERVICE CLASS 2) -------------------- ---------------------- ---------------------------- 2007 2006 2007 2006 2007 2006 --------- --------- ---------- ---------- ------ ------- Accumulation and annuity units beginning of year 2,079,889 2,099,934 19,927,737 17,029,130 56,714 76,231 Accumulation units issued and transferred from other funding options 123,050 362,430 1,332,013 5,099,315 410 31,084 Accumulation units redeemed and transferred to other funding options (390,657) (382,475) (2,648,970) (2,200,708) (6,715) (50,601) Annuity units -- -- (13,019) -- -- -- --------- --------- ---------- ---------- ------ ------ Accumulation and annuity units end of year 1,812,282 2,079,889 18,597,761 19,927,737 50,409 56,714 ========= ========= ========== ========== ====== ======
111
FIDELITY VIP FTVIPT FRANKLIN INCOME FTVIPT FRANKLIN RISING MID CAP SECURITIES DIVIDENDS SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE CLASS 2) (CLASS 2) (CLASS 2) ---------------------- ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- ---------- --------- --------- Accumulation and annuity units beginning of year 14,500,931 13,665,604 9,192,469 3,510,985 2,922,028 2,783,974 Accumulation units issued and transferred from other funding options 884,084 2,781,096 3,754,606 6,531,609 222,475 343,184 Accumulation units redeemed and transferred to other funding options (2,480,185) (1,945,769) (1,467,805) (850,125) (270,609) (205,130) Annuity units (1,806) -- (26,187) -- -- -- ---------- ---------- ---------- --------- --------- --------- Accumulation and annuity units end of year 12,903,024 14,500,931 11,453,083 9,192,469 2,873,894 2,922,028 ========== ========== ========== ========= ========= =========
JANUS ASPEN JANUS ASPEN JANUS ASPEN GLOBAL LIFE SCIENCES GLOBAL TECHNOLOGY MID CAP GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (SERVICE SHARES) (SERVICE SHARES) (SERVICE SHARES) -------------------- ----------------- -------------------- 2007 2006 2007 2006 2007 2006 ----- ------ ------- ------- --------- --------- Accumulation and annuity units beginning of year 8,818 12,486 103,191 112,462 1,073,688 1,290,379 Accumulation units issued and transferred from other funding options -- -- 10,545 (46,118) 309,196 59,713 Accumulation units redeemed and transferred to other funding options -- (3,668) (31,364) 36,847 (241,943) (276,404) Annuity units -- -- -- -- -- -- ----- ----- ------ ------- --------- --------- Accumulation and annuity units end of year 8,818 8,818 82,372 103,191 1,140,941 1,073,688 ===== ===== ====== ======= ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 112
FTVIPT FTVIPT FTVIPT FRANKLIN SMALL-MID CAP TEMPLETON DEVELOPING TEMPLETON FOREIGN GROWTH SECURITIES MARKETS SECURITIES SECURITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS 2) (CLASS 2) (CLASS 2) ---------------------- ---------------------- ----------------------- 2007 2006 2007 2006 2007 2006 --------- --------- ---------- ---------- ---------- ----------- Accumulation and annuity units beginning of year 4,775,215 5,070,788 6,168,479 4,805,315 15,072,528 13,271,265 Accumulation units issued and transferred from other funding options 357,596 415,626 1,180,473 2,799,254 1,674,847 3,574,639 Accumulation units redeemed and transferred to other funding options (591,402) (711,199) (1,403,316) (1,436,090) (1,722,605) (1,773,376) Annuity units -- -- (55,316) -- (9,492) -- --------- --------- --------- --------- ---------- ---------- Accumulation and annuity units end of year 4,541,409 4,775,215 5,890,320 6,168,479 15,015,278 15,072,528 ========= ========= ========= ========= ========== ==========
JANUS ASPEN LMPIS PREMIER LMPVET WORLDWIDE GROWTH SELECTIONS ALL AGGRESSIVE GROWTH SUBACCOUNT CAP GROWTH SUBACCOUNT (SERVICE SHARES) SUBACCOUNT (CLASS I) ---------------- ----------------- --------------------- 2007 2006 2007 2006 2007 2006 ------- ------ -------- ------- ---------- --------- Accumulation and annuity units beginning of year 76,139 77,927 327,693 277,288 35,468,064 36,678,146 Accumulation units issued and transferred from other funding options 1,838 13 656 65,978 1,736,160 2,930,226 Accumulation units redeemed and transferred to other funding options (29,926) (1,801) (328,349) (15,573) (5,273,052) (4,140,308) Annuity units -- -- -- -- (16,014) -- ------ ------ -------- ------- ---------- ---------- Accumulation and annuity units end of year 48,051 76,139 -- 327,693 31,915,158 35,468,064 ====== ====== ======== ======= ========== ==========
113
LMPVET AGGRESSIVE LMPVET LMPVET GROWTH APPRECIATION APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS I) (CLASS II) --------------- ---------------------- --------------- 2007 (b) 2006 2007 2006 2007 (b) 2006 --------- ---- ---------- ---------- --------- ---- Accumulation and annuity units beginning of year -- -- 16,442,083 18,135,074 -- -- Accumulation units issued and transferred from other funding options 1,495,289 -- 405,902 698,618 6,524,514 -- Accumulation units redeemed and transferred to other funding options (117,044) -- (2,236,974) (2,391,609) (158,407) -- Annuity units -- -- -- -- -- -- --------- --- ---------- ---------- --------- --- Accumulation and annuity units end of year 1,378,245 -- 14,611,011 16,442,083 6,366,107 -- ========= === ========== ========== ========= ===
LMPVET LMPVET FUNDAMENTAL VALUE LMPVET INTERNATIONAL ALL CAP SUBACCOUNT GLOBAL EQUITY OPPORTUNITY (CLASS I) SUBACCOUNT SUBACCOUNT ---------------------- ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- ---------- ------- ------- Accumulation and annuity units beginning of year 25,226,319 26,597,251 18,123,545 17,228,176 223,606 266,656 Accumulation units issued and transferred from other funding options 8,351,652 1,455,745 441,374 2,623,678 851 368 Accumulation units redeemed and transferred to other funding options (4,366,823) (2,826,677) (1,987,710) (1,728,309) (42,633) (43,418) Annuity units -- -- -- -- -- -- ---------- ---------- ---------- ---------- ------- ------- Accumulation and annuity units end of year 29,211,148 25,226,319 16,577,209 18,123,545 181,824 223,606 ========== ========== ========== ========== ======= =======
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 114
LMPVET LMPVET LMPVET DIVIDEND EQUITY INDEX CAPITAL STRATEGY SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) ---------------------- -------------------- ---------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- --------- --------- ---------- ---------- Accumulation and annuity units beginning of year 51,457,501 54,884,403 2,091,560 2,306,545 8,726,051 10,052,206 Accumulation units issued and transferred from other funding options 784,646 3,960,865 273,609 177,136 306,736 425,683 Accumulation units redeemed and transferred to other funding options (6,199,488) (7,387,767) (272,867) (392,121) (1,254,062) (1,751,838) Annuity units (132) -- -- -- -- -- ---------- ---------- --------- --------- ---------- ---------- Accumulation and annuity units end of year 46,042,527 51,457,501 2,092,302 2,091,560 7,778,725 8,726,051 ========== ========== ========= ========= ========== ==========
LMPVET LMPVET LMPVET INVESTORS LARGE CAP GROWTH MID CAP CORE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) (CLASS I) -------------------- ---------------------- --------------------- 2007 2006 2007 2006 2007 2006 --------- --------- ---------- ---------- ---------- --------- Accumulation and annuity units beginning of year 4,378,885 5,024,389 10,036,631 10,831,288 6,789,020 7,503,097 Accumulation units issued and transferred from other funding options 816,220 190,135 491,668 552,009 311,140 114,410 Accumulation units redeemed and transferred to other funding options (630,198) (835,639) (1,890,763) (1,346,666) (1,104,446) (828,487) Annuity units -- -- -- -- -- -- --------- --------- ---------- ---------- ---------- --------- Accumulation and annuity units end of year 4,564,907 4,378,885 8,637,536 10,036,631 5,995,714 6,789,020 ========= ========= ========= ========== ========= =========
115
LMPVET LMPVET MULTIPLE DISCIPLINE SMALL CAP GROWTH LMPVET SUBACCOUNT-LARGE CAP SUBACCOUNT SOCIAL AWARENESS GROWTH AND VALUE (CLASS I) SUBACCOUNT ---------------------- -------------------- ---------------- 2007 (c) 2006 2007 2006 2007 2006 ---------- ---------- --------- --------- ------ ------ Accumulation and annuity units beginning of year 7,787,932 8,713,424 2,250,997 2,421,879 66,328 44,664 Accumulation units issued and transferred from other funding options 72,193 487,283 2,357,596 104,563 20,449 21,664 Accumulation units redeemed and transferred to other funding options (7,860,125) (1,412,775) (416,314) (275,445) (3,602) -- Annuity units -- -- -- -- -- -- ---------- ---------- --------- --------- ------ ------ Accumulation and annuity units end of year -- 7,787,932 4,192,279 2,250,997 83,175 66,328 ========== ========= ========= ========= ====== ======
LMPVPV LMPVPI LMPVPII SMALL CAP GROWTH LARGE CAP GROWTH AGGRESSIVE GROWTH OPPORTUNITIES SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS I) --------------------- ------------------ ------------------ 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 ---------- --------- -------- -------- -------- -------- Accumulation and annuity units beginning of year 2,461,817 2,498,216 272,063 362,424 527,137 677,078 Accumulation units issued and transferred from other funding options 18,116 357,919 (5,973) 29,893 (7,141) 8,600 Accumulation units redeemed and transferred to other funding options (2,479,933) (394,318) (266,090) (120,254) (519,996) (158,541) Annuity units -- -- -- -- -- -- ---------- --------- -------- -------- -------- -------- Accumulation and annuity units end of year -- 2,461,817 -- 272,063 -- 527,137 ========== ========= ======== ======== ======== ========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 116
LMPVPI LMPVPI LMPVPII ALL CAP ALL CAP GROWTH AND INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS I) (CLASS II) (CLASS I) ---------------------- ----------------- ----------------- 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 ---------- ---------- -------- ------- -------- ------- Accumulation and annuity units beginning of year 8,124,142 9,059,077 158,028 82,135 99,975 168,983 Accumulation units issued and transferred from other funding options 38,748 206,880 13,163 76,033 (11,943) 13,080 Accumulation units redeemed and transferred to other funding options (8,162,890) (1,141,815) (171,191) (140) (88,032) (82,088) Annuity units -- -- -- -- -- -- ---------- ---------- -------- ------- -------- ------- Accumulation and annuity units end of year -- 8,124,142 -- 158,028 -- 99,975 ========== ========= ======== ======= ======== ======
LMPVPII LMPVET LMPVIT AGGRESSIVE GROWTH CAPITAL AND INCOME ADJUSTABLE RATE SUBACCOUNT SUBACCOUNT INCOME (CLASS II) (CLASS II) SUBACCOUNT --------------------- ---------------------- -------------------- 2007 (a) 2006 2007 2006 2007 2006 ---------- --------- ---------- ---------- --------- --------- Accumulation and annuity units beginning of year 1,490,415 1,506,402 54,540,484 57,527,500 5,642,748 5,777,021 Accumulation units issued and transferred from other funding options 16,809 194,243 1,503,131 4,332,312 212,337 789,002 Accumulation units redeemed and transferred to other funding options (1,507,224) (210,230) (9,318,354) (7,319,328) (670,919) (923,275) Annuity units -- -- (949) -- (19,598) -- ---------- --------- ---------- ---------- --------- --------- Accumulation and annuity units end of year -- 1,490,415 46,724,312 54,540,484 5,164,568 5,642,748 ========== ========= ========== ========== ========= =========
117
LMPVIT DIVERSIFIED STRATEGIC LMPVIT LMPVIT INCOME HIGH INCOME MONEY MARKET SUBACCOUNT SUBACCOUNT SUBACCOUNT ---------------------------- ---------------------- ----------------------- 2007 2006 2007 2006 2007 2006 ------------- ------------- ---------- ---------- ----------- ---------- Accumulation and annuity units beginning of year 10,305,528 12,143,334 15,372,430 16,398,754 10,980,588 11,071,114 Accumulation units issued and transferred from other funding options 304,082 403,442 621,877 1,420,527 13,410,747 9,663,314 Accumulation units redeemed and transferred to other funding options (1,779,270) (2,241,248) (2,066,795) (2,446,851) (10,911,322) (9,753,840) Annuity units -- -- -- -- -- -- ---------- ---------- ---------- ---------- ----------- ---------- Accumulation and annuity units end of year 8,830,340 10,305,528 13,927,512 15,372,430 13,480,013 10,980,588 ========== ========== ========== ========== =========== ==========
LORD ABBETT MIST BATTERYMARCH MID-CAP VALUE MID-CAP STOCK MIST BLACKROCK HIGH YIELD SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS VC) (CLASS A) (CLASS A) ---------------------- ----------------- ------------------------- 2007 (a) 2006 2007 2006 2007 2006 ---------- ---------- -------- ------- --------- ---------- Accumulation and annuity units beginning of year 7,442,974 7,621,872 460,366 -- 817,441 -- Accumulation units issued and transferred from other funding options 110,319 1,047,585 10,267 495,346 253,076 863,898 Accumulation units redeemed and transferred to other funding options (7,538,884) (1,226,483) (140,308) (34,980) (137,562) (46,457) Annuity units (14,409) -- -- -- -- -- ---------- ---------- -------- ------- -------- ------- Accumulation and annuity units end of year -- 7,442,974 330,325 460,366 932,955 817,441 ========== ========== ======== ======= ======== =======
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 118
LMPVPI LMPVPIII LORD ABBETT TOTAL RETURN LARGE CAP GROWTH AND INCOME SUBACCOUNT VALUE SUBACCOUNT (CLASS II) SUBACCOUNT (CLASS VC) ----------------- ------------------ ---------------------- 2007 (a) 2006 2007 (a) 2006 2007 (a) 2006 -------- ------- -------- -------- ---------- ---------- Accumulation and annuity units beginning of year 501,251 415,510 743,618 936,673 5,056,795 4,872,475 Accumulation units issued and transferred from other funding options 28,107 95,850 146 1,975 99,767 666,988 Accumulation units redeemed and transferred to other funding options (529,358) (10,109) (743,764) (195,030) (5,156,562) (482,668) Annuity units -- -- -- -- -- -- -------- ------- -------- -------- ---------- --------- Accumulation and annuity units end of year -- 501,251 -- 743,618 -- 5,056,795 ======== ======= ======== ======== ========== =========
MIST BLACKROCK MIST BLACKROCK MIST DREMAN LARGE-CAP CORE LARGE-CAP CORE SMALL-CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS E) (CLASS A) (CLASS A) -------------------- --------------------- ----------------- 2007 (b) 2006 2007 (a) 2006 2007 2006 --------- --------- ---------- --------- ------- -------- Accumulation and annuity units beginning of year -- -- 1,482,033 -- 375,327 -- Accumulation units issued and transferred from other funding options 1,561,963 -- 83,033 1,735,675 520,678 569,526 Accumulation units redeemed and transferred to other funding options (105,045) -- (1,565,066) (253,642) (98,477) (194,199) Annuity units (154) -- -- -- (4,172) -- --------- --- ---------- --------- ------- -------- Accumulation and annuity units end of year 1,456,764 -- -- 1,482,033 793,356 375,327 ========= === ========== ========= ======= ========
119
MIST HARRIS OAKMARK MIST MIST LAZARD INTERNATIONAL JANUS FORTY MID-CAP SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) -------------------- ----------------- -------------- 2007 2006 2007 2006 2007 (b) 2006 --------- --------- -------- ------- -------- ---- Accumulation and annuity units beginning of year 4,080,498 -- 598,382 -- -- -- Accumulation units issued and transferred from other funding options 985,357 4,647,242 399,283 696,757 118,877 -- Accumulation units redeemed and transferred to other funding options (865,674) (566,744) (186,201) (98,375) (20,848) -- Annuity units (1,407) -- (429) -- (1,341) -- --------- --------- ------- ------- ------ --- Accumulation and annuity units end of year 4,198,774 4,080,498 811,035 598,382 96,688 -- ========= ========= ======= ======= ====== ===
MIST LORD ABBETT MIST MET/AIM CAPITAL MIST MET/AIM CAPITAL MID-CAP VALUE APPRECIATION APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS A) (CLASS E) ------------------- -------------------- -------------------- 2007 2006 2007 2006 2007 (b) 2006 ---------- ------- --------- --------- --------- --------- Accumulation and annuity units beginning of year 391,836 -- 1,705,167 -- -- -- Accumulation units issued and transferred from other funding options 12,518,869 453,554 (19,404) 1,794,987 1,012,278 -- Accumulation units redeemed transferred to other funding options (1,506,291) (61,718) (177,128) (89,820) (134,088) -- Annuity units (5,553) -- -- -- -- -- ---------- ------- --------- --------- ------- --- Accumulation and annuity units end of year 11,398,861 391,836 1,508,635 1,705,167 878,190 -- ========== ======= ========= ========= ======= ===
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 120
MIST LEGG MASON PARTNERS MIST LORD ABBETT MIST LORD ABBETT MANAGED ASSETS BOND DEBENTURE GROWTH AND INCOME SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) ------------------------ -------------------- ---------------------- 2007 2006 2007 2006 2007 2006 --------- --------- --------- --------- ---------- ---------- Accumulation and annuity units beginning of year 218,841 -- 1,726,572 -- 21,693,308 -- Accumulation units issued and transferred from other funding options 2,142 227,306 115,353 2,323,579 8,083,899 23,663,069 Accumulation units redeemed and transferred to other funding options (11,463) (8,465) (500,920) (597,007) (3,204,590) (1,969,761) Annuity units -- -- -- -- (441) -- ------- ------- --------- --------- ---------- ---------- Accumulation and annuity units end of year 209,520 218,841 1,341,005 1,726,572 26,572,176 21,693,308 ======= ======= ========= ========= ========== ==========
MIST MET/AIM MIST MFS EMERGING MIST MFS RESEARCH SMALL CAP GROWTH MARKETS EQUITY INTERNATIONAL SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) ---------------- ----------------- ----------------- 2007 2006 2007 (b) 2006 2007 (b) 2006 -------- ------ -------- ------- --------- ------ Accumulation and annuity units beginning of year 67,552 -- -- -- -- -- Accumulation units issued and transferred from other funding options 241,450 73,915 6,630 -- 1,497,407 -- Accumulation units redeemed transferred to other funding options (159,063) (6,363) (5,236) -- (375,375) -- Annuity units -- -- -- -- 162 -- -------- ------ ------ --- --------- --- Accumulation and annuity units end of year 149,939 67,552 1,394 -- 1,122,194 -- ======== ====== ====== === ========= ===
121
MIST NEUBERGER BERMAN MIST OPPENHEIMER CAPITAL MIST MFS VALUE REAL ESTATE APPRECIATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS B) --------------------- --------------------- ------------------------- 2007 2006 2007 2006 2007 2006 ---------- --------- ---------- --------- ---------- --------- Accumulation and annuity units beginning of year 3,838,445 -- 3,867,524 -- 1,605,227 -- Accumulation units issued and transferred from other funding options 1,001,581 4,239,388 1,002,432 4,286,733 122,764 1,674,777 Accumulation units redeemed and transferred to other funding options (1,193,510) (400,943) (1,518,351) (419,209) (189,857) (69,550) Annuity units (4,222) -- (232) -- -- -- ---------- --------- ---------- --------- --------- --------- Accumulation and annuity units end of year 3,642,294 3,838,445 3,351,373 3,867,524 1,538,134 1,605,227 ========== ========= ========== ========= ========= =========
MIST MIST THIRD AVENUE MSF BLACKROCK PIONEER STRATEGIC INCOME SMALL CAP VALUE AGGRESSIVE GROWTH SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS B) (CLASS D) ------------------------ ---------------------- -------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- ---------- --------- --------- Accumulation and annuity units beginning of year 10,178,506 -- 11,422,072 -- 2,260,114 -- Accumulation units issued and transferred from other funding options 1,486,582 11,200,486 7,514,220 12,189,151 318,094 2,551,897 Accumulation units redeemed and transferred to other funding options (1,165,825) (1,021,980) (2,634,141) (767,079) (341,302) (291,783) Annuity units -- -- (9,661) -- -- -- ---------- ---------- ---------- ---------- --------- --------- Accumulation and annuity units end of year 10,499,263 10,178,506 16,292,490 11,422,072 2,236,906 2,260,114 ========== ========== ========== ========== ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 122
MIST PIMCO INFLATION MIST MIST PIONEER PROTECTED BOND PIONEER FUND MID-CAP VALUE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS A) -------------------- -------------------- ---------------- 2007 (b) 2006 2007 2006 2007 (a) 2006 ----------- ---- --------- --------- -------- ------ Accumulation and annuity units beginning of year -- -- 1,661,966 -- 55,151 -- Accumulation units issued and transferred from other funding options 18,599,697 -- 46,854 1,860,496 41,509 62,770 Accumulation units redeemed and transferred to other funding options (1,522,939) -- (311,960) (198,530) (96,660) (7,619) Annuity units 71,122 -- (12,442) -- -- -- ---------- --- --------- --------- ------- ------ Accumulation and annuity units end of year 17,147,880 -- 1,384,418 1,661,966 -- 55,151 ========== === ========= ========= ======= ======
MSF BLACKROCK MSF BLACKROCK MSF BLACKROCK BOND INCOME BOND INCOME MONEY MARKET SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS E) (CLASS A) -------------------- ---------------------- ---------------------- 2007 2006 2007 2006 2007 2006 --------- --------- ---------- ---------- ---------- ---------- Accumulation and annuity units beginning of year 1,142,936 -- 14,465,236 -- 2,171,231 -- Accumulation units issued and transferred from other funding options 29,818 1,365,479 854,417 16,690,377 4,915,619 4,743,947 Accumulation units redeemed and transferred to other funding options (156,441) (222,543) (2,234,047) (2,225,141) (3,450,822) (2,572,716) Annuity units -- -- -- -- -- -- --------- --------- ----------- ----------- ----------- ----------- Accumulation and annuity units end of year 1,016,313 1,142,936 13,085,606 14,465,236 3,636,028 2,171,231 ========= ========= ========== ========== ========= =========
123
MSF CAPITAL GUARDIAN U.S. EQUITY MSF FI LARGE CAP MSF FI VALUE LEADER SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (CLASS D) -------------------- -------------------- ---------------------- 2007 2006 2007 2006 2007 2006 -------- --------- --------- --------- ---------- ---------- Accumulation and annuity units beginning of year 751,429 -- 3,523,051 -- 11,192,149 -- Accumulation units issued and transferred from other funding options 153,634 1,026,272 71,423 3,904,784 233,933 12,569,257 Accumulation units redeemed and transferred to other funding options (200,529) (274,843) (429,537) (381,733) (1,852,320) (1,377,108) Annuity units -- -- -- -- -- -- -------- --------- --------- --------- ---------- ---------- Accumulation and annuity units end of year 704,534 751,429 3,164,937 3,523,051 9,573,762 11,192,149 ======== ========= ========= ========= ========== ==========
MSF METLIFE MODERATE MSF METLIFE MODERATE MSF MFS ALLOCATION TO AGGRESSIVE ALLOCATION TOTAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) -------------------- ------------------------ -------------- 2007 2006 2007 2006 2007 (b) 2006 --------- --------- --------- --------- -------- ---- Accumulation and annuity units beginning of year 1,751,400 -- 2,129,952 -- -- -- Accumulation units issued and transferred from other funding options 1,823,714 2,030,514 744,112 2,845,675 47,275 -- Accumulation units redeemed and transferred to other funding options (271,482) (279,114) (125,979) (715,723) -- -- Annuity units -- -- -- -- -- -- --------- --------- --------- --------- ------ --- Accumulation and annuity units end of year 3,303,632 1,751,400 2,748,085 2,129,952 47,275 -- ========= ========= ========= ========= ====== ===
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 124
MSF METLIFE AGGRESSIVE MSF METLIFE CONSERVATIVE MSF METLIFE CONSERVATIVE TO ALLOCATION ALLOCATION MODERATE ALLOCATION SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS B) (CLASS B) (CLASS B) ---------------------- ------------------------ --------------------------- 2007 2006 2007 2006 2007 2006 --------- -------- ---------- --------- ---------- ------- Accumulation and annuity units beginning of year 741,170 -- 932,792 -- 687,689 -- Accumulation units issued and transferred from other funding options 667,647 741,323 1,980,200 1,483,400 1,629,882 717,626 Accumulation units redeemed and transferred to other funding options (347,192) (153) (550,596) (550,608) (224,341) (29,937) Annuity units -- -- -- -- -- -- --------- ------- --------- --------- --------- ------- Accumulation and annuity units end of year 1,061,625 741,170 2,362,396 932,792 2,093,230 687,689 ========= ======= ========= ========= ========= =======
MSF MFS MSF T. ROWE PRICE TOTAL RETURN MSF OPPENHEIMER LARGE CAP GROWTH SUBACCOUNT GLOBAL EQUITY SUBACCOUNT (CLASS F) SUBACCOUNT (CLASS B) ---------------------- ---------------------- -------------------- 2007 2006 2007 2006 2007 2006 ---------- ---------- ---------- ---------- --------- --------- Accumulation and annuity units beginning of year 35,337,770 -- 15,035,815 -- 2,141,307 -- Accumulation units issued and transferred from other funding options 1,371,542 39,625,149 777,140 16,383,248 72,528 2,321,227 Accumulation units redeemed and transferred to other funding options (4,642,354) (4,287,379) (1,457,831) (1,347,433) (291,130) (179,920) Annuity units -- -- (21,607) -- -- -- ---------- ---------- ---------- ---------- --------- --------- Accumulation and annuity units end of year 32,066,958 35,337,770 14,333,517 15,035,815 1,922,705 2,141,307 ========== ========== ========== ========== ========= =========
125
MSF WESTERN ASSET MSF WESTERN ASSET MANAGEMENT MANAGEMENT PIMCO VIT HIGH YIELD BOND U.S. GOVERNMENT REAL RETURN SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS A) (CLASS A) (ADMINISTRATIVE CLASS) ------------------ ----------------- ------------------------ 2007 (a) 2006 2007 2006 2007 (a) 2006 -------- ------- ------- ------- ----------- ---------- Accumulation and annuity units beginning of year 318,108 -- 245,402 -- 17,515,384 16,483,982 Accumulation units issued and transferred from other funding options 786 348,778 12,701 253,229 1,226,977 3,433,057 Accumulation units redeemed and transferred to other funding options (318,894) (30,670) (17,863) (7,827) (18,612,954) (2,401,655) Annuity units -- -- -- -- (129,407) -- -------- ------- ------- ------- ----------- ---------- Accumulation and annuity units end of year -- 318,108 240,240 245,402 -- 17,515,384 ======== ======= ======= ======= =========== ==========
PIONEER CULLEN PIONEER EMERGING PIONEER EQUITY VALUE VCT MARKETS VCT INCOME VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------ ------------------- --------------------- 2007 2006 2007 2006 2007 2006 ------- ------- ------- ------- ---------- --------- Accumulation and annuity units beginning of year 602,904 222,024 341,425 344,363 1,537,194 1,442,315 Accumulation units issued and transferred from other funding options 70,776 413,224 38,060 102,448 207,380 222,665 Accumulation units redeemed and transferred to other funding options (28,449) (32,344) (96,578) (105,386) (167,493) (127,786) Annuity units -- -- -- -- -- -- ------- ------- ------- -------- --------- --------- Accumulation and annuity units end of year 645,231 602,904 282,907 341,425 1,577,081 1,537,194 ======= ======= ======= ======== ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 126
PIMCO VIT PIONEER AMERICA TOTAL RETURN INCOME VCT PIONEER BOND VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (ADMINISTRATIVE CLASS) (CLASS II) (CLASS II) ------------------------ ---------------------- ---------------- 2007 2006 2007 (c) 2006 2007 (d) 2006 ---------- ----------- ---------- --------- --------- ---- Accumulation and annuity units beginning of year 53,956,635 56,470,055 1,592,693 1,261,150 -- -- Accumulation units issued and transferred from other funding options 6,668,481 7,715,385 208,560 537,393 1,527,215 -- Accumulation units redeemed and transferred to other funding options (7,724,650) (10,228,805) (1,801,253) (205,850) (100,865) -- Annuity units (53,599) -- -- -- -- -- ---------- ----------- ---------- --------- --------- --- Accumulation and annuity units end of year 52,846,867 53,956,635 -- 1,592,693 1,426,350 -- ========== =========== ========== ========= ========= ===
PIONEER EQUITY PIONEER PIONEER GLOBAL HIGH OPPORTUNITY VCT FUND VCT YIELD VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ----------------- ---------------------- ---------------------- 2007 (c) 2006 2007 2006 2007 2006 -------- ------ --------- -------- --------- --------- Accumulation and annuity units beginning of year 52,867 30,591 1,084,191 1,268,845 2,161,977 837,069 Accumulation units issued and transferred from other funding options -- 31,290 530,707 189,827 577,514 1,428,705 Accumulation units redeemed and transferred to other funding options (52,867) (9,014) (156,978) (374,481) (300,182) (103,797) Annuity units -- -- -- -- -- -- ------- ------ --------- --------- --------- --------- Accumulation and annuity units end of year -- 52,867 1,457,920 1,084,191 2,439,309 2,161,977 ======= ====== ========= ========= ========= =========
127
PIONEER IBBOTSON PIONEER AGGRESSIVE PIONEER IBBOTSON GROWTH HIGH YIELD VCT ALLOCATION VCT ALLOCATION VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ---------------------- ------------------- ------------------------ 2007 2006 2007 2006 2007 2006 --------- --------- ------- ------- ---------- ---------- Accumulation and annuity units beginning of year 2,249,561 2,181,847 646,307 215,994 10,134,167 177,048 Accumulation units issued and transferred from other funding options 219,055 483,268 18,190 531,754 6,455,690 10,185,557 Accumulation units redeemed and transferred to other funding options (286,043) (415,554) (13,165) (101,441) (1,533,355) (228,438) Annuity units -- -- -- -- -- -- --------- --------- ------- -------- ---------- ---------- Accumulation and annuity units end of year 2,182,573 2,249,561 651,332 646,307 15,056,502 10,134,167 ========= ========= ======= ======== ========== ==========
PIONEER MID CAP PIONEER OAK RIDGE PIONEER REAL ESTATE VALUE VCT LARGE CAP GROWTH VCT SHARES VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) -------------------- -------------------- ------------------- 2007 2006 2007 2006 2007 2006 --------- --------- ------- -------- ------- ------- Accumulation and annuity units beginning of year 1,365,438 1,203,660 969,332 535,560 403,356 337,998 Accumulation units issued and transferred from other funding options 113,982 238,032 35,938 560,211 49,804 125,541 Accumulation units redeemed and transferred to other funding options (128,807) (76,254) (94,421) (126,439) (71,645) (60,183) Annuity units -- -- -- -- -- -- --------- --------- ------- -------- ------- ------- Accumulation and annuity units end of year 1,350,613 1,365,438 910,849 969,332 381,515 403,356 ========= ========= ======= ======== ======= =======
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 128
PIONEER IBBOTSON PIONEER MODERATE PIONEER INTERNATIONAL ALLOCATION VCT INDEPENDENCE VCT VALUE VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ---------------------- ------------------ ------------------ 2007 2006 2007 2006 2007 2006 --------- --------- ------- ------- ------- ------- Accumulation and annuity units beginning of year 4,523,750 869,704 119,337 100,625 440,199 282,975 Accumulation units issued and transferred from other funding options 3,954,754 4,458,721 20,589 22,068 100,886 196,528 Accumulation units redeemed and transferred to other funding options (780,594) (804,675) (21,753) (3,356) (72,916) (39,304) Annuity units -- -- -- -- -- -- --------- --------- ------- ------- ------- ------- Accumulation and annuity units end of year 7,697,910 4,523,750 118,173 119,337 468,169 440,199 ========= ========= ======= ======= ======= =======
PIONEER SMALL AND MID CAP PIONEER SMALL CAP PIONEER STRATEGIC GROWTH VCT VALUE VCT INCOME VCT SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS II) (CLASS II) ------------------------- ----------------- -------------------- 2007 (c) 2006 2007 2006 2007 2006 -------- ------- ------- -------- --------- --------- Accumulation and annuity units beginning of year 699,662 597,916 497,833 489,543 2,964,189 2,557,334 Accumulation units issued and transferred from other funding options 45,402 147,171 75,607 194,914 363,431 873,618 Accumulation units redeemed and transferred to other funding options (745,064) (45,425) (67,885) (186,624) (451,426) (466,763) Annuity units -- -- -- -- -- -- -------- ------- ------- -------- --------- --------- Accumulation and annuity units end of year -- 699,662 505,555 497,833 2,876,194 2,964,189 ======== ======= ======= ======== ========= =========
129
PUTNAM VT PUTNAM VT PIONEER VALUE VCT DISCOVERY GROWTH INTERNATIONAL EQUITY SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS II) (CLASS IB) (CLASS IB) ------------------ ---------------- --------------------- 2007 (c) 2006 2007 2006 2007 (a) 2006 -------- -------- ------ -------- ---------- --------- Accumulation and annuity units beginning of year 595,417 594,698 63,492 72,347 1,232,471 1,255,856 Accumulation units issued and transferred from other funding options 24,818 114,789 28 -- 26,009 155,118 Accumulation units redeemed and transferred to other funding options (620,235) (114,070) (1,709) (8,855) (1,258,480) (178,503) Annuity units -- -- -- -- -- -- -------- -------- ------ ------ ---------- --------- Accumulation and annuity units end of year -- 595,417 61,811 63,492 -- 1,232,471 ======== ======== ====== ====== ========== =========
VAN KAMPEN LIT STRATEGIC GROWTH SUBACCOUNT (CLASS I) -------------------- 2007 2006 --------- --------- Accumulation and annuity units beginning of year 1,019,533 1,085,651 Accumulation units issued and transferred from other funding options 26,905 67,636 Accumulation units redeemed and transferred to other funding options (133,476) (133,754) Annuity units -- -- --------- --------- Accumulation and annuity units end of year 912,962 1,019,533 ========= =========
(a) For the period January 1, 2007 to April 27, 2007. (b) For the period April 30, 2007 to December 31, 2007. (c) For the period January 1, 2007 to November 9, 2007. (d) For the period November 12, 2007 to December 31, 2007. 130
PUTNAM VT SMALL CAP VALUE VAN KAMPEN LIT COMSTOCK VAN KAMPEN LIT ENTERPRISE SUBACCOUNT SUBACCOUNT SUBACCOUNT (CLASS IB) (CLASS II) (CLASS II) --------------------- ----------------------- ------------------------- 2007 (a) 2006 2007 2006 2007 2006 ---------- --------- ---------- ----------- ----------- ------------ Accumulation and annuity units beginning of year 3,396,462 3,486,168 1,269,717 1,548,605 1,722 1,722 Accumulation units issued and transferred from other funding options 70,685 337,959 43,716 91,444 -- -- Accumulation units redeemed and transferred to other funding options (3,467,147) (427,665) (449,872) (370,332) -- -- Annuity units -- -- -- -- -- -- ---------- --------- --------- --------- ----- ----- Accumulation and annuity units end of year -- 3,396,462 863,561 1,269,717 1,722 1,722 ========== ========= ========= ========= ===== =====
131 7. SUBSEQUENT EVENT The Company anticipates merging the Separate Account with and into MetLife of CT Separate Account Eleven for Variable Annuities, which is another separate account of the Company, 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 Contracts. 132 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders of MetLife Insurance Company of Connecticut: We have audited the accompanying consolidated balance sheets of MetLife Insurance Company of Connecticut and subsidiaries (the "Company") as of December 31, 2007 and 2006, and the related consolidated statements of income, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2007. Our audits also included the financial statement schedules listed in the Index to Consolidated Financial Statements and Schedules. These consolidated financial statements and financial statement schedules are the responsibility of the Company's management. Our responsibility is to express an opinion on the consolidated financial statements and financial statement schedules based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of MetLife Insurance Company of Connecticut and subsidiaries as of December 31, 2007 and 2006, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2007, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, such financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein. As discussed in Note 1, the Company changed its method of accounting for deferred acquisition costs as required by accounting guidance adopted on January 1, 2007. As discussed in Note 20, the accompanying 2007 consolidated financial statements have been restated. /s/ DELOITTE & TOUCHE LLP New York, New York March 26, 2008 (May 14, 2008, as to Note 20 and October 29, 2008, as to Note 21) F-1 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2007 AND 2006 (IN MILLIONS, EXCEPT SHARE AND PER SHARE DATA)
2007 2006 ------------- -------- (AS RESTATED, SEE NOTE 20) ASSETS Investments: Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $46,264 and $48,406, respectively)........................................... $ 45,671 $ 47,846 Equity securities available-for-sale, at estimated fair value (cost: $992 and $777, respectively)............... 952 795 Mortgage and consumer loans................................ 4,404 3,595 Policy loans............................................... 913 918 Real estate and real estate joint ventures held-for- investment.............................................. 541 173 Real estate held-for-sale.................................. -- 7 Other limited partnership interests........................ 1,130 1,082 Short-term investments..................................... 1,335 777 Other invested assets...................................... 1,445 1,241 -------- -------- Total investments....................................... 56,391 56,434 Cash and cash equivalents.................................... 1,774 649 Accrued investment income.................................... 637 597 Premiums and other receivables............................... 8,320 8,410 Deferred policy acquisition costs and value of business acquired................................................... 4,948 5,111 Current income tax recoverable............................... 72 94 Deferred income tax assets................................... 846 1,007 Goodwill..................................................... 953 953 Other assets................................................. 753 765 Separate account assets...................................... 53,867 50,067 -------- -------- Total assets............................................ $128,561 $124,087 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES: Future policy benefits..................................... $ 19,576 $ 19,654 Policyholder account balances.............................. 33,815 35,099 Other policyholder funds................................... 1,777 1,513 Long-term debt -- affiliated............................... 635 435 Payables for collateral under securities loaned and other transactions............................................ 10,471 9,155 Other liabilities.......................................... 1,072 749 Separate account liabilities............................... 53,867 50,067 -------- -------- Total liabilities....................................... 121,213 116,672 -------- -------- CONTINGENCIES, COMMITMENTS AND GUARANTEES (NOTE 12) STOCKHOLDERS' EQUITY: Common stock, par value $2.50 per share; 40,000,000 shares authorized; 34,595,317 shares issued and outstanding at December 31, 2007 and 2006................................. 86 86 Additional paid-in capital................................... 6,719 7,123 Retained earnings............................................ 892 520 Accumulated other comprehensive income (loss)................ (349) (314) -------- -------- Total stockholders' equity.............................. 7,348 7,415 -------- -------- Total liabilities and stockholders' equity.............. $128,561 $124,087 ======== ========
See accompanying notes to consolidated financial statements. F-2 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005 (IN MILLIONS)
2007 2006 2005 ------------- ------ ------ (AS RESTATED, SEE NOTE 20) REVENUES Premiums............................................... $ 353 $ 308 $ 281 Universal life and investment-type product policy fees................................................. 1,411 1,268 862 Net investment income.................................. 2,893 2,839 1,438 Other revenues......................................... 251 212 132 Net investment gains (losses).......................... (142) (521) (198) ------ ------ ------ Total revenues.................................. 4,766 4,106 2,515 ------ ------ ------ EXPENSES Policyholder benefits and claims....................... 978 792 570 Interest credited to policyholder account balances..... 1,299 1,316 720 Other expenses......................................... 1,446 1,173 678 ------ ------ ------ Total expenses.................................. 3,723 3,281 1,968 ------ ------ ------ Income from continuing operations before provision for income tax........................................... 1,043 825 547 Provision for income tax............................... 303 228 156 ------ ------ ------ Income from continuing operations...................... 740 597 391 Income from discontinued operations, net of income tax.................................................. 4 -- -- ------ ------ ------ Net income............................................. $ 744 $ 597 $ 391 ====== ====== ======
See accompanying notes to consolidated financial statements. F-3 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005 (IN MILLIONS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ---------------------------- NET FOREIGN ADDITIONAL UNREALIZED CURRENCY COMMON PAID-IN RETAINED INVESTMENT TRANSLATION STOCK CAPITAL EARNINGS GAINS (LOSSES) ADJUSTMENTS TOTAL ------ ---------- -------- -------------- ----------- ------ Balance at January 1, 2005............... $11 $ 471 $ 190 $ 30 $-- $ 702 MetLife Insurance Company of Connecticut's common stock purchased by MetLife, Inc. (Notes 2 and 3).......... 75 6,709 6,784 Comprehensive income (loss): Net income............................. 391 391 Other comprehensive income (loss): Unrealized gains (losses) on derivative instruments, net of income tax........................ (1) (1) Unrealized investment gains (losses), net of related offsets and income tax.................... (445) (445) Foreign currency translation adjustments, net of income tax.... 2 2 ------ Other comprehensive income (loss)... (444) ------ Comprehensive income (loss)............ (53) --- ------ ----- ----- --- ------ Balance at December 31, 2005............. 86 7,180 581 (416) 2 7,433 Revisions of purchase price pushed down to MetLife Insurance Company of Connecticut's net assets acquired (Note 2)..................................... 40 40 Dividend paid to MetLife, Inc. .......... (259) (658) (917) Capital contribution of intangible assets from MetLife, Inc., net of income tax (Notes 8 and 14)....................... 162 162 Comprehensive income: Net income............................. 597 597 Other comprehensive income: Unrealized gains (losses) on derivative instruments, net of income tax........................ (5) (5) Unrealized investment gains (losses), net of related offsets and income tax.................... 107 107 Foreign currency translation adjustments, net of income tax.... (2) (2) ------ Other comprehensive income.......... 100 ------ Comprehensive income................... 697 --- ------ ----- ----- --- ------ Balance at December 31, 2006............. 86 7,123 520 (314) -- 7,415 Cumulative effect of change in accounting principle, net of income tax (Note 1).. (86) (86) --- ------ ----- ----- --- ------ Balance at January 1, 2007............... 86 7,123 434 (314) -- 7,329 Dividend paid to MetLife, Inc. .......... (404) (286) (690) Comprehensive income: Net income, (As Restated, See Note 20)................................. 744 744 Other comprehensive income (loss): Unrealized gains (losses) on derivative instruments, net of income tax........................ (2) (2) Unrealized investment gains (losses), net of related offsets and income tax.................... (45) (45) Foreign currency translation adjustments, net of income tax, (As Restated, See Note 20)........ 12 12 ------ Other comprehensive income (loss), (As Restated, See Note 20)........ (35) ------ Comprehensive income, (As Restated, See Note 20)............................ 709 --- ------ ----- ----- --- ------ Balance at December 31, 2007, (As Restated, See Note 20)................. $86 $6,719 $ 892 $(361) $12 $7,348 === ====== ===== ===== === ======
See accompanying notes to consolidated financial statements. F-4 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005 (IN MILLIONS)
2007 2006 2005 ------------- -------- -------- (AS RESTATED, SEE NOTE 20) CASH FLOWS FROM OPERATING ACTIVITIES Net income.......................................... $ 744 $ 597 $ 391 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization expenses......... 26 6 4 Amortization of premiums and accretion of discounts associated with investments, net... 11 74 112 Losses from sales of investments and businesses, net.............................. 145 521 198 Gain from recapture of ceded reinsurance....... (22) -- -- Undistributed equity earnings of real estate joint ventures and other limited partnership interests.................................... (121) (83) (19) Interest credited to policyholder account balances..................................... 1,299 1,316 720 Universal life and investment-type product policy fees.................................. (1,411) (1,268) (862) Change in accrued investment income............ (35) 2 (68) Change in premiums and other receivables....... 360 (509) (415) Change in deferred policy acquisition costs, net.......................................... 61 (234) (211) Change in insurance-related liabilities........ 71 234 812 Change in trading securities................... -- (43) 103 Change in income tax payable................... 308 156 298 Change in other assets......................... 681 586 574 Change in other liabilities.................... 234 (351) (876) Other, net..................................... -- -- 2 -------- -------- -------- Net cash provided by operating activities........... 2,351 1,004 763 -------- -------- -------- CASH FLOWS FROM INVESTING ACTIVITIES Sales, maturities and repayments of: Fixed maturity securities...................... 21,546 27,706 24,008 Equity securities.............................. 146 218 221 Mortgage and consumer loans.................... 1,208 1,034 748 Real estate and real estate joint ventures..... 155 126 65 Other limited partnership interests............ 465 762 173 Purchases of: Fixed maturity securities...................... (19,365) (23,840) (32,850) Equity securities.............................. (357) (109) -- Mortgage and consumer loans.................... (2,030) (2,092) (500) Real estate and real estate joint ventures..... (458) (56) (13) Other limited partnership interests............ (515) (343) (330) Net change in policy loans........................ 5 (2) 3 Net change in short-term investments.............. (558) 991 599 Net change in other invested assets............... (175) (316) 233 Other, net........................................ 16 1 3 -------- -------- -------- Net cash provided by (used in) investing activities........................................ $ 83 $ 4,080 $ (7,640) -------- -------- --------
See accompanying notes to consolidated financial statements. F-5 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005 -- (CONTINUED) (IN MILLIONS)
2007 2006 2005 ------------- -------- -------- (AS RESTATED, SEE NOTE 20) CASH FLOWS FROM FINANCING ACTIVITIES Policyholder account balances: Deposits....................................... $ 11,395 $ 8,185 $ 11,230 Withdrawals.................................... (13,563) (11,637) (12,369) Net change in payables for collateral under securities loaned and other transactions....... 1,316 (582) 7,675 Net change in short-term debt -- affiliated....... -- -- (26) Long-term debt issued -- affiliated............... 200 -- 400 Dividends on common stock......................... (690) (917) -- Financing element on certain derivative instruments.................................... 33 (55) (49) Contribution of MetLife Insurance Company of Connecticut from MetLife, Inc. ................ -- -- 443 -------- -------- -------- Net cash (used in) provided by financing activities........................................ (1,309) (5,006) 7,304 -------- -------- -------- Change in cash and cash equivalents................. 1,125 78 427 Cash and cash equivalents, beginning of year........ 649 571 144 -------- -------- -------- CASH AND CASH EQUIVALENTS, END OF YEAR.............. $ 1,774 $ 649 $ 571 ======== ======== ======== Supplemental disclosures of cash flow information: Net cash paid (received) during the year for: Interest....................................... $ 33 $ 31 $ 18 ======== ======== ======== Income tax..................................... $ (6) $ 81 $ 87 ======== ======== ======== Non-cash transactions during the year: Net assets of MetLife Insurance Company of Connecticut acquired by MetLife, Inc. and contributed to MetLife Investors USA Insurance Company, net of cash received of $0, $0 and $443 million...................... $ -- $ -- $ 6,341 ======== ======== ======== Contribution of equity securities to MetLife Foundation................................... $ 12 $ -- $ -- ======== ======== ======== Contribution of other intangible assets from MetLife, Inc., net of deferred income tax.... $ -- $ 162 $ -- ======== ======== ======== Contribution of goodwill from MetLife, Inc. ... $ -- $ 29 $ -- ======== ======== ========
-------- See Note 9 for disclosure regarding the receipt of $901 million under an affiliated reinsurance agreement during the year ended December 31, 2007, which is included in the change in premiums and other receivables in net cash provided by operating activities. See Note 2 for further discussion of the net assets of MetLife Insurance Company of Connecticut acquired by MetLife, Inc. and contributed to MetLife Investors USA Insurance Company. See accompanying notes to consolidated financial statements. F-6 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) 1. BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BUSINESS "MICC" or the "Company" refers to MetLife Insurance Company of Connecticut, a Connecticut corporation incorporated in 1863, and its subsidiaries, including MetLife Investors USA Insurance Company ("MLI-USA"). The Company is a subsidiary of MetLife, Inc. ("MetLife"). The Company offers individual annuities, individual life insurance, and institutional protection and asset accumulation products. On December 7, 2007, MetLife Life and Annuity Company of Connecticut ("MLAC"), a former subsidiary, was merged with and into MetLife Insurance Company of Connecticut, its parent. The merger had no impact on the Company's consolidated financial statements. On October 11, 2006, MetLife transferred MLI-USA to MetLife Insurance Company of Connecticut. See Note 3. On July 1, 2005 (the "Acquisition Date"), MetLife Insurance Company of Connecticut became a wholly-owned subsidiary of MetLife. MetLife Insurance Company of Connecticut, together with substantially all of Citigroup Inc.'s ("Citigroup") international insurance businesses, excluding Primerica Life Insurance Company and its subsidiaries ("Primerica") (collectively, "Travelers"), were acquired by MetLife from Citigroup (the "Acquisition") for $12.1 billion. See Note 2 for further information on the Acquisition. Since the Company is a member of a controlled group of affiliated companies, its results may not be indicative of those of a stand-alone entity. BASIS OF PRESENTATION The accompanying consolidated financial statements include the accounts of (i) MLI-USA and effective July 1, 2005, MetLife Insurance Company of Connecticut and its subsidiaries (See Notes 2 and 3); (ii) partnerships and joint ventures in which the Company has control; and (iii) variable interest entities ("VIEs") for which the Company is deemed to be the primary beneficiary. Intercompany accounts and transactions have been eliminated. The Company uses the equity method of accounting for investments in equity securities in which it has more than a 20% interest and for real estate joint ventures and other limited partnership interests in which it has more than a minor equity interest or more than a minor influence over the joint venture's or partnership's operations, but does not have a controlling interest and is not the primary beneficiary. The Company uses the cost method of accounting for investments in real estate joint ventures and other limited partnership interests in which it has a minor equity investment and virtually no influence over the joint venture's or partnership's operations. During the second quarter of 2007, the nature of the Company's partnership interest in Greenwich Street Investments, LP ("Greenwich") changed such that Greenwich is no longer consolidated and is now accounted for under the equity method of accounting. During the second quarter of 2006, the Company's ownership interest in Tribeca Citigroup Investments, Ltd. ("Tribeca") declined to a position whereby Tribeca is no longer consolidated and is now accounted for under the equity method of accounting. As such, there was no minority interest liability at December 31, 2007. Minority interest related to Greenwich included in other liabilities was $43 million at December 31, 2006. Certain amounts in the prior year periods' consolidated financial statements have been reclassified to conform with the 2007 presentation. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CRITICAL ACCOUNTING ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to adopt accounting policies and make estimates and F-7 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) assumptions that affect amounts reported in the consolidated financial statements. The most critical estimates include those used in determining: (i) the fair value of investments in the absence of quoted market values; (ii) investment impairments; (iii) the recognition of income on certain investments; (iv) the application of the consolidation rules to certain investments; (v) the fair value of and accounting for derivatives; (vi) the capitalization and amortization of deferred policy acquisition costs ("DAC") and the establishment and amortization of value of business acquired ("VOBA"); (vii) the measurement of goodwill and related impairment, if any; (viii) the liability for future policyholder benefits; (ix) accounting for income taxes and the valuation of deferred tax assets; (x) accounting for reinsurance transactions; and (xi) the liability for litigation and regulatory matters. A description of such critical estimates is incorporated within the discussion of the related accounting policies which follow. The application of purchase accounting requires the use of estimation techniques in determining the fair values of assets acquired and liabilities assumed -- the most significant of which relate to the aforementioned critical estimates. In applying these policies, management makes subjective and complex judgments that frequently require estimates about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to the Company's businesses and operations. Actual results could differ from these estimates. Investments The Company's principal investments are in fixed maturity and equity securities, mortgage and consumer loans, policy loans, real estate, real estate joint ventures and other limited partnerships, short-term investments, and other invested assets. The accounting policies related to each are as follows: Fixed Maturity and Equity Securities. The Company's fixed maturity and equity securities are classified as available-for-sale and are reported at their estimated fair value. Unrealized investment gains and losses on these securities are recorded as a separate component of other comprehensive income or loss, net of policyholder related amounts and deferred income taxes. All security transactions are recorded on a trade date basis. Investment gains and losses on sales of securities are determined on a specific identification basis. Interest income on fixed maturity securities is recorded when earned using an effective yield method giving effect to amortization of premiums and accretion of discounts. Dividends on equity securities are recorded when declared. These dividends and interest income are recorded as part of net investment income. Included within fixed maturity securities are loan-backed securities including mortgage-backed and asset-backed securities. Amortization of the premium or discount from the purchase of these securities considers the estimated timing and amount of prepayments of the underlying loans. Actual prepayment experience is periodically reviewed and effective yields are recalculated when differences arise between the prepayments originally anticipated and the actual prepayments received and currently anticipated. Prepayment assumptions for single class and multi-class mortgage-backed and asset-backed securities are obtained from F-8 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) broker-dealer survey values or internal estimates. For credit-sensitive mortgage-backed and asset-backed securities and certain prepayment- sensitive securities, the effective yield is recalculated on a prospective basis. For all other mortgage-backed and asset-backed securities, the effective yield is recalculated on a retrospective basis. The cost of fixed maturity and equity securities is adjusted for impairments in value deemed to be other-than-temporary in the period in which the determination is made. These impairments are included within net investment gains (losses) and the cost basis of the fixed maturity and equity securities is reduced accordingly. The Company does not change the revised cost basis for subsequent recoveries in value. The assessment of whether impairments have occurred is based on management's case-by-case evaluation of the underlying reasons for the decline in fair value. The Company's review of its fixed maturity and equity securities for impairments includes an analysis of the total gross unrealized losses by three categories of securities: (i) securities where the estimated fair value had declined and remained below cost or amortized cost by less than 20%; (ii) securities where the estimated fair value had declined and remained below cost or amortized cost by 20% or more for less than six months; and (iii) securities where the estimated fair value had declined and remained below cost or amortized cost by 20% or more for six months or greater. Additionally, management considers a wide range of factors about the security issuer and uses its best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for near-term recovery. Inherent in management's evaluation of the security are assumptions and estimates about the operations of the issuer and its future earnings potential. Considerations used by the Company in the impairment evaluation process include, but are not limited to: (i) the length of time and the extent to which the market value has been below cost or amortized cost; (ii) the potential for impairments of securities when the issuer is experiencing significant financial difficulties; (iii) the potential for impairments in an entire industry sector or sub-sector; (iv) the potential for impairments in certain economically depressed geographic locations; (v) the potential for impairments of securities where the issuer, series of issuers or industry has suffered a catastrophic type of loss or has exhausted natural resources; (vi) the Company's ability and intent to hold the security for a period of time sufficient to allow for the recovery of its value to an amount equal to or greater than cost or amortized cost (See also Note 4); (vii) unfavorable changes in forecasted cash flows on mortgage-backed and asset-backed securities; and (viii) other subjective factors, including concentrations and information obtained from regulators and rating agencies. Securities Lending. Securities loaned transactions are treated as financing arrangements and are recorded at the amount of cash received. The Company obtains collateral in an amount equal to 102% of the fair value of the securities loaned. The Company monitors the market value of the securities loaned on a daily basis with additional collateral obtained as necessary. Substantially all of the Company's securities loaned transactions are with large brokerage firms. Income and expenses associated with securities loaned transactions are reported as investment income and investment expense, respectively, within net investment income. Mortgage and Consumer Loans. Mortgage and consumer loans are stated at unpaid principal balance, adjusted for any unamortized premium or discount, deferred fees or expenses, net of valuation allowances. Interest income is accrued on the principal amount of the loan based on the loan's contractual interest rate. Amortization of premiums and discounts is recorded using the effective yield method. Interest income, amortization of premiums and discounts, and prepayment fees are reported in net investment income. Loans are considered to be impaired when it is probable that, based upon current information and events, the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. Valuation allowances are established for the excess carrying value of the loan over the present value of expected future cash flows discounted at the loan's original effective interest rate, the value of the loan's F-9 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) collateral if the loan is in the process of foreclosure or otherwise collateral dependent, or the loan's market value if the loan is being sold. The Company also establishes allowances for loan losses when a loss contingency exists for pools of loans with similar characteristics, such as mortgage loans based on similar property types or loan to value risk factors. A loss contingency exists when the likelihood that a future event will occur is probable based on past events. Interest income earned on impaired loans is accrued on the principal amount of the loan based on the loan's contractual interest rate. However, interest ceases to be accrued for loans on which interest is generally more than 60 days past due and/or where the collection of interest is not considered probable. Cash receipts on such impaired loans are recorded as a reduction of the recorded investment. Gains and losses from the sale of loans and changes in valuation allowances are reported in net investment gains (losses). Policy Loans. Policy loans are stated at unpaid principal balances. Interest income on such loans is recorded as earned using the contractually agreed upon interest rate. Generally, interest is capitalized on the policy's anniversary date. Real Estate. Real estate held-for-investment, including related improvements, is stated at cost less accumulated depreciation. Depreciation is provided on a straight-line basis over the estimated useful life of the asset (typically 20 to 55 years). Rental income is recognized on a straight-line basis over the term of the respective leases. The Company classifies a property as held-for-sale if it commits to a plan to sell a property within one year and actively markets the property in its current condition for a price that is reasonable in comparison to its fair value. The Company classifies the results of operations and the gain or loss on sale of a property that either has been disposed of or classified as held- for-sale as discontinued operations, if the ongoing operations of the property will be eliminated from the ongoing operations of the Company and if the Company will not have any significant continuing involvement in the operations of the property after the sale. Real estate held-for-sale is stated at the lower of depreciated cost or fair value less expected disposition costs. Real estate is not depreciated while it is classified as held-for-sale. The Company periodically reviews its properties held-for- investment for impairment and tests properties for recoverability whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable and the carrying value of the property exceeds its fair value. Properties whose carrying values are greater than their undiscounted cash flows are written down to their fair value, with the impairment loss included in net investment gains (losses). Impairment losses are based upon the estimated fair value of real estate, which is generally computed using the present value of expected future cash flows from the real estate discounted at a rate commensurate with the underlying risks. Real estate acquired upon foreclosure of commercial and agricultural mortgage loans is recorded at the lower of estimated fair value or the carrying value of the mortgage loan at the date of foreclosure. Real Estate Joint Ventures and Other Limited Partnership Interests. The Company uses the equity method of accounting for investments in real estate joint ventures and other limited partnership interests in which it has more than a minor equity interest or more than a minor influence over the joint ventures or partnership's operations, but does not have a controlling interest and is not the primary beneficiary. The Company uses the cost method of accounting for investments in real estate joint ventures and other limited partnership interests in which it has a minor equity investment and virtually no influence over the joint ventures or the partnership's operations. In addition to the investees performing regular evaluations for the impairment of underlying investments, the Company routinely evaluates its investments in real estate joint ventures and other limited partnerships for impairments. For its cost method investments, the Company follows an impairment analysis which is similar to the process followed for its fixed maturity and equity securities as described previously. For equity method investees, the Company considers financial and other information provided by the investee, other known information and inherent risks in the underlying investments, as well as future capital commitments, in determining whether an impairment has occurred. When an other-than- F-10 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) temporary impairment is deemed to have occurred, the Company records a realized capital loss within net investment gains (losses) to record the investment at its fair value. Short-term Investments. Short-term investments include investments with remaining maturities of one year or less, but greater than three months, at the time of acquisition and are stated at amortized cost, which approximates fair value. Other Invested Assets. Other invested assets consist primarily of stand-alone derivatives with positive fair values. Estimates and Uncertainties. The Company's investments are exposed to three primary sources of risk: credit, interest rate and market valuation. The financial statement risks, stemming from such investment risks, are those associated with the recognition of impairments, the recognition of income on certain investments, and the determination of fair values. The determination of the amount of allowances and impairments, as applicable, are described previously by investment type. The determination of such allowances and impairments is highly subjective and is based upon the Company's periodic evaluation and assessment of known and inherent risks associated with the respective asset class. Such evaluations and assessments are revised as conditions change and new information becomes available. Management updates its evaluations regularly and reflects changes in allowances and impairments in operations as such evaluations are revised. The recognition of income on certain investments (e.g. loan-backed securities including mortgage-backed and asset-backed securities, certain investment transactions, etc.) is dependent upon market conditions, which could result in prepayments and changes in amounts to be earned. The fair values of publicly held fixed maturity securities and publicly held equity securities are based on quoted market prices or estimates from independent pricing services. However, in cases where quoted market prices are not available, such as for private fixed maturity securities, fair values are estimated using present value or valuation techniques. The determination of fair values is based on: (i) valuation methodologies; (ii) securities the Company deems to be comparable; and (iii) assumptions deemed appropriate given the circumstances. The fair value estimates are made at a specific point in time, based on available market information and judgments about financial instruments, including estimates of the timing and amounts of expected future cash flows and the credit standing of the issuer or counterparty. Factors considered in estimating fair value include: coupon rate, maturity, estimated duration, call provisions, sinking fund requirements, credit rating, industry sector of the issuer, and quoted market prices of comparable securities. The use of different methodologies and assumptions may have a material effect on the estimated fair value amounts. Additionally, when the Company enters into certain real estate joint ventures and other limited partnerships for which the Company may be deemed to be the primary beneficiary under Financial Accounting Standards Board ("FASB") Interpretation ("FIN") No. 46(r), Consolidation of Variable Interest Entities -- An Interpretation of ARB No. 51, it may be required to consolidate such investments. The accounting rules for the determination of the primary beneficiary are complex and require evaluation of the contractual rights and obligations associated with each party involved in the entity, an estimate of the entity's expected losses and expected residual returns and the allocation of such estimates to each party. The use of different methodologies and assumptions as to the determination of the fair value of investments, the timing and amount of impairments, the recognition of income, or consolidation of investments may have a material effect on the amounts presented within the consolidated financial statements. F-11 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Derivative Financial Instruments Derivatives are financial instruments whose values are derived from interest rates, foreign currency exchange rates, or other financial indices. Derivatives may be exchange-traded or contracted in the over-the-counter market. The Company uses a variety of derivatives, including swaps, forwards, futures and option contracts, to manage the risk associated with variability in cash flows or changes in fair values related to the Company's financial instruments. The Company also uses derivative instruments to hedge its currency exposure associated with net investments in certain foreign operations. To a lesser extent, the Company uses credit derivatives, such as credit default swaps, to synthetically replicate investment risks and returns which are not readily available in the cash market. The Company also purchases certain securities, issues certain insurance policies and investment contracts and engages in certain reinsurance contracts that have embedded derivatives. Freestanding derivatives are carried on the Company's consolidated balance sheet either as assets within other invested assets or as liabilities within other liabilities at fair value as determined by quoted market prices or through the use of pricing models. The determination of fair value, when quoted market values are not available, is based on valuation methodologies and assumptions deemed appropriate under the circumstances. Derivative valuations can be affected by changes in interest rates, foreign currency exchange rates, financial indices, credit spreads, market volatility, and liquidity. Values can also be affected by changes in estimates and assumptions used in pricing models. Such assumptions include estimates of volatility, interest rates, foreign currency exchange rates, other financial indices and credit ratings. Essential to the analysis of the fair value is risk of counterparty default. The use of different assumptions may have a material effect on the estimated derivative fair value amounts, as well as the amount of reported net income. If a derivative is not designated as an accounting hedge or its use in managing risk does not qualify for hedge accounting, changes in the fair value of the derivative are generally reported in net investment gains (losses). The fluctuations in fair value of derivatives which have not been designated for hedge accounting can result in significant volatility in net income. To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge as either (i) a hedge of the fair value of a recognized asset or liability or an unrecognized firm commitment ("fair value hedge"); (ii) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedge"); or (iii) a hedge of a net investment in a foreign operation. In this documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument's effectiveness and the method which will be used to measure ineffectiveness. A derivative designated as a hedging instrument must be assessed as being highly effective in offsetting the designated risk of the hedged item. Hedge effectiveness is formally assessed at inception and periodically throughout the life of the designated hedging relationship. Assessments of hedge effectiveness and measurements of ineffectiveness are also subject to interpretation and estimation and different interpretations or estimates may have a material effect on the amount reported in net income. The accounting for derivatives is complex and interpretations of the primary accounting standards continue to evolve in practice. Judgment is applied in determining the availability and application of hedge accounting designations and the appropriate accounting treatment under these accounting standards. If it was determined that hedge accounting designations were not appropriately applied, reported net income could be materially affected. Differences in judgment as to the availability and application of hedge accounting designations and the appropriate accounting treatment may result in a differing impact on the consolidated financial statements of the Company from that previously reported. F-12 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Under a fair value hedge, changes in the fair value of the hedging derivative, including amounts measured as ineffectiveness, and changes in the fair value of the hedged item related to the designated risk being hedged, are reported within net investment gains (losses). The fair values of the hedging derivatives are exclusive of any accruals that are separately reported in the consolidated statement of income within interest income or interest expense to match the location of the hedged item. Under a cash flow hedge, changes in the fair value of the hedging derivative measured as effective are reported within other comprehensive income (loss), a separate component of stockholders' equity, and the deferred gains or losses on the derivative are reclassified into the consolidated statement of income when the Company's earnings are affected by the variability in cash flows of the hedged item. Changes in the fair value of the hedging instrument measured as ineffectiveness are reported within net investment gains (losses). The fair values of the hedging derivatives are exclusive of any accruals that are separately reported in the consolidated statement of income within interest income or interest expense to match the location of the hedged item. In a hedge of a net investment in a foreign operation, changes in the fair value of the hedging derivative that are measured as effective are reported within other comprehensive income (loss) consistent with the translation adjustment for the hedged net investment in the foreign operation. Changes in the fair value of the hedging instrument measured as ineffectiveness are reported within net investment gains (losses). The Company discontinues hedge accounting prospectively when: (i) it is determined that the derivative is no longer highly effective in offsetting changes in the fair value or cash flows of a hedged item; (ii) the derivative expires, is sold, terminated, or exercised; (iii) it is no longer probable that the hedged forecasted transaction will occur; (iv) a hedged firm commitment no longer meets the definition of a firm commitment; or (v) the derivative is de- designated as a hedging instrument. When hedge accounting is discontinued because it is determined that the derivative is not highly effective in offsetting changes in the fair value or cash flows of a hedged item, the derivative continues to be carried on the consolidated balance sheet at its fair value, with changes in fair value recognized currently in net investment gains (losses). The carrying value of the hedged recognized asset or liability under a fair value hedge is no longer adjusted for changes in its fair value due to the hedged risk, and the cumulative adjustment to its carrying value is amortized into income over the remaining life of the hedged item. Provided the hedged forecasted transaction is still probable of occurrence, the changes in fair value of derivatives recorded in other comprehensive income (loss) related to discontinued cash flow hedges are released into the consolidated statement of income when the Company's earnings are affected by the variability in cash flows of the hedged item. When hedge accounting is discontinued because it is no longer probable that the forecasted transactions will occur by the end of the specified time period or the hedged item no longer meets the definition of a firm commitment, the derivative continues to be carried on the consolidated balance sheet at its fair value, with changes in fair value recognized currently in net investment gains (losses). Any asset or liability associated with a recognized firm commitment is derecognized from the consolidated balance sheet, and recorded currently in net investment gains (losses). Deferred gains and losses of a derivative recorded in other comprehensive income (loss) pursuant to the cash flow hedge of a forecasted transaction are recognized immediately in net investment gains (losses). In all other situations in which hedge accounting is discontinued, the derivative is carried at its fair value on the consolidated balance sheet, with changes in its fair value recognized in the current period as net investment gains (losses). The Company is also a party to financial instruments that contain terms which are deemed to be embedded derivatives. The Company assesses each identified embedded derivative to determine whether it is required to be bifurcated. If the instrument would not be accounted for in its entirety at fair value and it is determined that the terms of the embedded derivative are not clearly and closely related to the economic characteristics of the host contract, F-13 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) and that a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host contract and accounted for as a freestanding derivative. Such embedded derivatives are carried on the consolidated balance sheet at fair value with the host contract and changes in their fair value are reported currently in net investment gains (losses). If the Company is unable to properly identify and measure an embedded derivative for separation from its host contract, the entire contract is carried on the balance sheet at fair value, with changes in fair value recognized in the current period in net investment gains (losses). Additionally, the Company may elect to carry an entire contract on the balance sheet at fair value, with changes in fair value recognized in the current period in net investment gains (losses) if that contract contains an embedded derivative that requires bifurcation. There is a risk that embedded derivatives requiring bifurcation may not be identified and reported at fair value in the consolidated financial statements and that their related changes in fair value could materially affect reported net income. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less at the date of purchase to be cash equivalents. Property, Equipment, Leasehold Improvements and Computer Software Property, equipment and leasehold improvements, which are included in other assets, are stated at cost, less accumulated depreciation and amortization. Depreciation is determined using either the straight-line or sum-of-the-years- digits method over the estimated useful lives of the assets, as appropriate. Estimated lives generally range from five to ten years for leasehold improvements and three to seven years for all other property and equipment. The net book value of property, equipment and leasehold improvements was less than $1 million and $1 million at December 31, 2007 and 2006, respectively. Computer software, which is included in other assets, is stated at cost, less accumulated amortization. Purchased software costs, as well as certain internal and external costs incurred to develop internal-use computer software during the application development stage, are capitalized. Such costs are amortized generally over a four-year period using the straight-line method. The cost basis of computer software was $72 million and $52 million at December 31, 2007 and 2006, respectively. Accumulated amortization of capitalized software was $11 million and $3 million at December 31, 2007 and 2006, respectively. Related amortization expense was $11 million, $3 million and $1 million for the years ended December 31, 2007, 2006 and 2005, respectively. Deferred Policy Acquisition Costs and Value of Business Acquired The Company incurs significant costs in connection with acquiring new and renewal insurance business. Costs that vary with and relate to the production of new business are deferred as DAC. Such costs consist principally of commissions and agency and policy issue expenses. VOBA is an intangible asset that reflects the estimated fair value of in-force contracts in a life insurance company acquisition and represents the portion of the purchase price that is allocated to the value of the right to receive future cash flows from the business in- force at the acquisition date. VOBA is based on actuarially determined projections, by each block of business, of future policy and contract charges, premiums, mortality and morbidity, separate account performance, surrenders, operating expenses, investment returns and other factors. Actual experience on the purchased business may vary from these projections. The recovery of DAC and VOBA is dependent upon the future profitability of the related business. DAC and VOBA are aggregated in the financial statements for reporting purposes. DAC and VOBA on life insurance or investment-type contracts are amortized in proportion to gross premiums or gross profits, depending on the type of contract as described below. F-14 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) The Company amortizes DAC and VOBA related to non-participating traditional contracts (term insurance and non-participating whole life insurance) over the entire premium paying period in proportion to the present value of actual historic and expected future gross premiums. The present value of expected premiums is based upon the premium requirement of each policy and assumptions for mortality, morbidity, persistency, and investment returns at policy issuance, or policy acquisition as it relates to VOBA, that include provisions for adverse deviation and are consistent with the assumptions used to calculate future policyholder benefit liabilities. These assumptions are not revised after policy issuance or acquisition unless the DAC or VOBA balance is deemed to be unrecoverable from future expected profits. Absent a premium deficiency, variability in amortization after policy issuance or acquisition is caused only by variability in premium volumes. The Company amortizes DAC and VOBA related to fixed and variable universal life contracts and fixed and variable deferred annuity contracts over the estimated lives of the contracts in proportion to actual and expected future gross profits. The amortization includes interest based on rates in effect at inception or acquisition of the contracts. The amount of future gross profits is dependent principally upon returns in excess of the amounts credited to policyholders, mortality, persistency, interest crediting rates, expenses to administer the business, creditworthiness of reinsurance counterparties, the effect of any hedges used, and certain economic variables, such as inflation. Of these factors, the Company anticipates that investment returns, expenses, and persistency are reasonably likely to impact significantly the rate of DAC and VOBA amortization. Each reporting period, the Company updates the estimated gross profits with the actual gross profits for that period. When the actual gross profits change from previously estimated gross profits, the cumulative DAC and VOBA amortization is re-estimated and adjusted by a cumulative charge or credit to current operations. When actual gross profits exceed those previously estimated, the DAC and VOBA amortization will increase, resulting in a current period charge to earnings. The opposite result occurs when the actual gross profits are below the previously estimated gross profits. Each reporting period, the Company also updates the actual amount of business remaining in-force, which impacts expected future gross profits. Separate account rates of return on variable universal life contracts and variable deferred annuity contracts affect in-force account balances on such contracts each reporting period. Returns that are higher than the Company's long-term expectation produce higher account balances, which increases the Company's future fee expectations and decreases future benefit payment expectations on minimum death benefit guarantees, resulting in higher expected future gross profits. The opposite result occurs when returns are lower than the Company's long-term expectation. The Company's practice to determine the impact of gross profits resulting from returns on separate accounts assumes that long- term appreciation in equity markets is not changed by short-term market fluctuations, but is only changed when sustained interim deviations are expected. The Company monitors these changes and only changes the assumption when its long-term expectation changes. The Company also reviews periodically other long-term assumptions underlying the projections of estimated gross profits. These include investment returns, interest crediting rates, mortality, persistency, and expenses to administer business. Management annually updates assumptions used in the calculation of estimated gross profits which may have significantly changed. If the update of assumptions causes expected future gross profits to increase, DAC and VOBA amortization will decrease, resulting in a current period increase to earnings. The opposite result occurs when the assumption update causes expected future gross profits to decrease. Prior to 2007, DAC related to any internally replaced contract was generally expensed at the date of replacement. As described more fully in "Adoption of New Accounting Pronouncements", effective January 1, 2007, the Company adopted Statement of Position ("SOP") 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts ("SOP 05-1"). Under SOP 05-1, an internal replacement is defined as a modification in product benefits, features, rights or coverages that occur by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to a contract, or by election or coverage within a contract. If the modification substantially changes the contract, the DAC is written off F-15 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) immediately through income and any new deferrable costs associated with the replacement contract are deferred. If the modification does not substantially change the contract, the DAC amortization on the original contract will continue and any acquisition costs associated with the related modification are expensed. Sales Inducements The Company has two different types of sales inducements which are included in other assets: (i) the policyholder receives a bonus whereby the policyholder's initial account balance is increased by an amount equal to a specified percentage of the customer's deposit; and (ii) the policyholder receives a higher interest rate using a dollar cost averaging method than would have been received based on the normal general account interest rate credited. The Company defers sales inducements and amortizes them over the life of the policy using the same methodology and assumptions used to amortize DAC. Goodwill Goodwill is the excess of cost over the fair value of net assets acquired. Goodwill is not amortized but is tested for impairment at least annually or more frequently if events or circumstances, such as adverse changes in the business climate, indicate that there may be justification for conducting an interim test. Impairment testing is performed using the fair value approach, which requires the use of estimates and judgment, at the "reporting unit" level. A reporting unit is the operating segment or a business one level below the operating segment, if discrete financial information is prepared and regularly reviewed by management at that level. For purposes of goodwill impairment testing, goodwill within Corporate & Other is allocated to reporting units within the Company's business segments. If the carrying value of a reporting unit's goodwill exceeds its fair value, the excess is recognized as an impairment and recorded as a charge against net income. The fair values of the reporting units are determined using a market multiple or a discounted cash flow model. The critical estimates necessary in determining fair value are projected earnings, comparative market multiples and the discount rate. Liability for Future Policy Benefits and Policyholder Account Balances The Company establishes liabilities for amounts payable under insurance policies, including traditional life insurance, traditional annuities and non- medical health insurance. Generally, amounts are payable over an extended period of time and related liabilities are calculated as the present value of future expected benefits to be paid reduced by the present value of future expected premiums. Such liabilities are established based on methods and underlying assumptions in accordance with GAAP and applicable actuarial standards. Principal assumptions used in the establishment of liabilities for future policy benefits are mortality, morbidity, policy lapse, renewal, retirement, investment returns, inflation, expenses and other contingent events as appropriate to the respective product type. Utilizing these assumptions, liabilities are established on a block of business basis. Future policy benefit liabilities for non-participating traditional life insurance policies are equal to the aggregate of the present value of expected future benefit payments and related expenses less the present value of expected future net premiums. Assumptions as to mortality and persistency are based upon the Company's experience when the basis of the liability is established. Interest rates for future policy benefit liabilities on non-participating traditional life insurance range from 3% to 8%. Future policy benefit liabilities for individual and group traditional fixed annuities after annuitization are equal to the present value of expected future payments. Interest rates used in establishing such liabilities range from 4% to 11%. Future policy benefit liabilities for non-medical health insurance are calculated using the net level premium method and assumptions as to future morbidity, withdrawals and interest, which provide a margin for adverse deviation. Interest rates used in establishing such liabilities range from 4% to 7%. F-16 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Future policy benefit liabilities for disabled lives are estimated using the present value of benefits method and experience assumptions as to claim terminations, expenses and interest. Interest rates used in establishing such liabilities range from 3% to 6%. Liabilities for unpaid claims and claim expenses for the Company's workers' compensation business are included in future policyholder benefits and are estimated based upon the Company's historical experience and other actuarial assumptions that consider the effects of current developments, anticipated trends and risk management programs, reduced for anticipated subrogation. The effects of changes in such estimated liabilities are included in the results of operations in the period in which the changes occur. The Company establishes future policy benefit liabilities for minimum death and income benefit guarantees relating to certain annuity contracts and secondary guarantees relating to certain life policies as follows: - Annuity guaranteed minimum death benefit ("GMDB") liabilities are determined by estimating the expected value of death benefits in excess of the projected account balance and recognizing the excess ratably over the accumulation period based on total expected assessments. The Company regularly evaluates estimates used and adjusts the additional liability balance, with a related charge or credit to benefit expense, if actual experience or other evidence suggests that earlier assumptions should be revised. The assumptions used in estimating the GMDB liabilities are consistent with those used for amortizing DAC, and are thus subject to the same variability and risk. The assumptions of investment performance and volatility are consistent with the historical experience of the Standard & Poor's 500 Index ("S&P"). The benefits used in calculating the liabilities are based on the average benefits payable over a range of scenarios. - Guaranteed minimum income benefit ("GMIB") liabilities are determined by estimating the expected value of the income benefits in excess of the projected account balance at any future date of annuitization and recognizing the excess ratably over the accumulation period based on total expected assessments. The Company regularly evaluates estimates used and adjusts the additional liability balance, with a related charge or credit to benefit expense, if actual experience or other evidence suggests that earlier assumptions should be revised. The assumptions used for estimating the GMIB liabilities are consistent with those used for estimating the GMDB liabilities. In addition, the calculation of guaranteed annuitization benefit liabilities incorporates an assumption for the percentage of the potential annuitizations that may be elected by the contractholder. Liabilities for universal and variable life secondary guarantees are determined by estimating the expected value of death benefits payable when the account balance is projected to be zero and recognizing those benefits ratably over the accumulation period based on total expected assessments. The Company regularly evaluates estimates used and adjusts the additional liability balances, with a related charge or credit to benefit expense, if actual experience or other evidence suggests that earlier assumptions should be revised. The assumptions used in estimating the secondary guarantee liabilities are consistent with those used for amortizing DAC, and are thus subject to the same variability and risk. The assumptions of investment performance and volatility for variable products are consistent with historical S&P experience. The benefits used in calculating the liabilities are based on the average benefits payable over a range of scenarios. The Company establishes policyholder account balances for guaranteed minimum benefit riders relating to certain variable annuity products as follows: - Guaranteed minimum withdrawal benefit riders ("GMWB") guarantee the contractholder a return of their purchase payment via partial withdrawals, even if the account value is reduced to zero, provided that the contractholder's cumulative withdrawals in a contract year do not exceed a certain limit. The initial guaranteed withdrawal amount is equal to the initial benefit base as defined in the contract (typically, the initial purchase payments plus applicable bonus amounts). The GMWB is an embedded derivative, which is measured at fair value separately from the host variable annuity product. F-17 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) - Guaranteed minimum accumulation benefit riders ("GMAB") provide the contractholder, after a specified period of time determined at the time of issuance of the variable annuity contract, with a minimum accumulation of their purchase payments even if the account value is reduced to zero. The initial guaranteed accumulation amount is equal to the initial benefit base as defined in the contract (typically, the initial purchase payments plus applicable bonus amounts). The GMAB is also an embedded derivative, which is measured at fair value separately from the host variable annuity product. - For both GMWB and GMAB, the initial benefit base is increased by additional purchase payments made within a certain time period and decreases by benefits paid and/or withdrawal amounts. After a specified period of time, the benefit base may also increase as a result of an optional reset as defined in the contract. The fair values of the GMWB and GMAB riders are calculated based on actuarial and capital market assumptions related to the projected cash flows, including benefits and related contract charges, over the lives of the contracts, incorporating expectations concerning policyholder behavior. In measuring the fair value of GMWBs and GMABs, the Company attributes a portion of the fees collected from the policyholder equal to the present value of expected future guaranteed minimum withdrawal and accumulation benefits (at inception). The changes in fair value are reported in net investment gains (losses). Any additional fees represent "excess" fees and are reported in universal life and investment-type product policy fees. These riders may be more costly than expected in volatile or declining markets, causing an increase in liabilities for future policy benefits, negatively affecting net income. The Company issues both GMWBs and GMABs directly and assumes risk relating to GMWBs and GMABs issued by an affiliate through a financing agreement. Some of the risks associated with GMWBs and GMABs directly written and assumed were transferred to a different affiliate through another financing agreement and are included in premiums and other receivables. The Company periodically reviews its estimates of actuarial liabilities for future policy benefits and compares them with its actual experience. Differences between actual experience and the assumptions used in pricing these policies, guarantees and riders and in the establishment of the related liabilities result in variances in profit and could result in losses. The effects of changes in such estimated liabilities are included in the results of operations in the period in which the changes occur. Policyholder account balances relate to investment-type contracts and universal life-type policies. Investment-type contracts principally include traditional individual fixed annuities in the accumulation phase and non- variable group annuity contracts. Policyholder account balances are equal to: (i) policy account values, which consist of an accumulation of gross premium payments; (ii) credited interest, ranging from 1% to 13%, less expenses, mortality charges, and withdrawals; and (iii) fair value purchase accounting adjustments relating to the Acquisition. Other Policyholder Funds Other policyholder funds include policy and contract claims, and unearned revenue liabilities. The liability for policy and contract claims generally relates to incurred but not reported death, disability, and long-term care ("LTC") claims as well as claims which have been reported but not yet settled. The liability for these claims is based on the Company's estimated ultimate cost of settling all claims. The Company derives estimates for the development of incurred but not reported claims principally from actuarial analyses of historical patterns of claims and claims development for each line of business. The methods used to determine these estimates are continually reviewed. Adjustments resulting from this continuous review process and differences between estimates and payments for claims are recognized in policyholder benefits and claims expense in the period in which the estimates are changed or payments are made. The unearned revenue liability relates to universal life-type and investment-type products and represents policy charges for services to be provided in future periods. The charges are deferred as unearned revenue and F-18 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) amortized using the product's estimated gross profits, similar to DAC. Such amortization is recorded in universal life and investment-type product policy fees. Recognition of Insurance Revenue and Related Benefits Premiums related to traditional life and annuity policies with life contingencies are recognized as revenues when due from policyholders. Policyholder benefits and expenses are provided against such revenues to recognize profits over the estimated lives of the policies. When premiums are due over a significantly shorter period than the period over which benefits are provided, any excess profit is deferred and recognized into operations in a constant relationship to insurance in-force or, for annuities, the amount of expected future policy benefit payments. Premiums related to non-medical health and disability contracts are recognized on a pro rata basis over the applicable contract term. Deposits related to universal life-type and investment-type products are credited to policyholder account balances. Revenues from such contracts consist of amounts assessed against policyholder account balances for mortality, policy administration and surrender charges and are recorded in universal life and investment-type product policy fees in the period in which services are provided. Amounts that are charged to operations include interest credited and benefit claims incurred in excess of related policyholder account balances. Premiums related to workers' compensation contracts are recognized as revenue on a pro rata basis over the applicable contract term. Premiums, policy fees, policyholder benefits and expenses are presented net of reinsurance. Other Revenues Other revenues include advisory fees, broker-dealer commissions and fees, and administrative service fees. Such fees and commissions are recognized in the period in which services are performed. Income Taxes MetLife Insurance Company of Connecticut files a consolidated U.S. federal income tax return with its includable subsidiaries in accordance with the provisions of the Internal Revenue Code of 1986, as amended (the "Code"). Non- includable subsidiaries file either separate individual corporate tax returns or separate consolidated tax returns. Prior to the transfer of MLI-USA to MetLife Insurance Company of Connecticut, MLI-USA joined MetLife's includable subsidiaries in filing a federal income tax return. MLI-USA joined MetLife Insurance Company of Connecticut's includable subsidiaries as of October 11, 2006. The Company's accounting for income taxes represents management's best estimate of various events and transactions. Deferred tax assets and liabilities resulting from temporary differences between the financial reporting and tax bases of assets and liabilities are measured at the balance sheet date using enacted tax rates expected to apply to taxable income in the years the temporary differences are expected to reverse. In connection with the Acquisition, for U.S. federal income tax purposes, an election in 2005 under Internal Revenue Code Section 338 was made by the Company's parent, MetLife. As a result of this election, the tax basis in the acquired assets and liabilities was adjusted as of the Acquisition Date and the related deferred tax asset established for the taxable difference from the book basis. The realization of deferred tax assets depends upon the existence of sufficient taxable income within the carryback or carryforward periods under the tax law in the applicable tax jurisdiction. Valuation allowances are established when management determines, based on available information, that it is more likely than not that F-19 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) deferred income tax assets will not be realized. Significant judgment is required in determining whether valuation allowances should be established as well as the amount of such allowances. When making such determination, consideration is given to, among other things, the following: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable income in prior carryback years; and (iv) tax planning strategies. The Company may be required to change its provision for income taxes in certain circumstances. Examples of such circumstances include when the ultimate deductibility of certain items is challenged by taxing authorities (See also Note 11) or when estimates used in determining valuation allowances on deferred tax assets significantly change or when receipt of new information indicates the need for adjustment in valuation allowances. Additionally, future events, such as changes in tax laws, tax regulations, or interpretations of such laws or regulations, could have an impact on the provision for income tax and the effective tax rate. Any such changes could significantly affect the amounts reported in the consolidated financial statements in the year these changes occur. As described more fully in "Adoption of New Accounting Pronouncements", the Company adopted FIN No. 48, Accounting for Uncertainty in Income Taxes -- An Interpretation of FASB Statement No. 109 ("FIN 48") effective January 1, 2007. Under FIN 48, the Company determines whether it is more-likely-than-not that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon settlement. Unrecognized tax benefits due to tax uncertainties that do not meet the threshold are included within other liabilities and are charged to earnings in the period that such determination is made. The Company classifies interest recognized as interest expense and penalties recognized as a component of income tax. Reinsurance The Company enters into reinsurance transactions as both a provider and a purchaser of reinsurance for its life insurance products. For each of its reinsurance contracts, the Company determines if the contract provides indemnification against loss or liability relating to insurance risk in accordance with applicable accounting standards. The Company reviews all contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject or features that delay the timely reimbursement of claims. For reinsurance of existing in-force blocks of long-duration contracts that transfer significant insurance risk, the difference, if any, between the amounts paid (received), and the liabilities ceded (assumed) related to the underlying contracts is considered the net cost of reinsurance at the inception of the contract. The net cost of reinsurance is recorded as an adjustment to DAC and recognized as a component of other expenses on a basis consistent with the way the acquisition costs on the underlying reinsured contracts would be recognized. Subsequent amounts paid (received) on the reinsurance of in-force blocks, as well as amounts paid (received) related to new business, are recorded as ceded (assumed) premiums and ceded (assumed) future policy benefit liabilities are established. The assumptions used to account for long-duration reinsurance contracts are consistent with those used for the underlying contracts. Ceded policyholder and contract related liabilities, other than those currently due, are reported gross on the balance sheet. F-20 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Amounts currently recoverable under reinsurance contracts are included in premiums and other receivables and amounts currently payable are included in other liabilities. Such assets and liabilities relating to reinsurance contracts with the same reinsurer may be recorded net on the balance sheet, if a right of offset exists within the reinsurance contract. Premiums, fees and policyholder benefits and claims include amounts assumed under reinsurance contracts and are net of reinsurance ceded. If the Company determines that a reinsurance contract does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the contract using the deposit method of accounting. Deposits received are included in other liabilities and deposits made are included within other assets. As amounts are paid or received, consistent with the underlying contracts, the deposit assets or liabilities are adjusted. Interest on such deposits is recorded as other revenues or other expenses, as appropriate. Periodically, the Company evaluates the adequacy of the expected payments or recoveries and adjusts the deposit asset or liability through other revenues or other expenses, as appropriate. Amounts received from reinsurers for policy administration are reported in other revenues. Accounting for reinsurance requires extensive use of assumptions and estimates, particularly related to the future performance of the underlying business and the potential impact of counterparty credit risks. The Company periodically reviews actual and anticipated experience compared to the aforementioned assumptions used to establish assets and liabilities relating to ceded and assumed reinsurance and evaluates the financial strength of counterparties to its reinsurance agreements using criteria similar to that evaluated in the security impairment process discussed previously. Separate Accounts Separate accounts are established in conformity with insurance laws and are generally not chargeable with liabilities that arise from any other business of the Company. Separate account assets are subject to general account claims only to the extent the value of such assets exceeds the separate account liabilities. The Company reports separately, as assets and liabilities, investments held in separate accounts and liabilities of the separate accounts if (i) such separate accounts are legally recognized; (ii) assets supporting the contract liabilities are legally insulated from the Company's general account liabilities; (iii) investments are directed by the contractholder; and (iv) all investment performance, net of contract fees and assessments, is passed through to the contractholder. The Company reports separate account assets meeting such criteria at their fair value. Investment performance (including investment income, net investment gains (losses) and changes in unrealized gains (losses)) and the corresponding amounts credited to contractholders of such separate accounts are offset within the same line in the consolidated statements of income. The Company's revenues reflect fees charged to the separate accounts, including mortality charges, risk charges, policy administration fees, investment management fees and surrender charges. Separate accounts not meeting the above criteria are combined on a line-by-line basis with the Company's general account assets, liabilities, revenues and expenses. Employee Benefit Plans Eligible employees, sales representatives and retirees of the Company are provided pension, postretirement and postemployment benefits under plans sponsored and administered by Metropolitan Life Insurance Company ("MLIC"), an affiliate of the Company. The Company's obligation and expense related to these benefits is limited to the amount of associated expense allocated from MLIC. F-21 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Foreign Currency Balance sheet accounts of foreign operations are translated at the exchange rates in effect at each year-end and income and expense accounts are translated at the average rates of exchange prevailing during the year. The functional currencies of foreign operations are the currencies in which these operations principally do business, typically local currencies, unless the local economy is highly inflationary. Translation adjustments are charged or credited directly to other comprehensive income or loss. Gains and losses from foreign currency transactions are reported as net investment gains (losses) in the period in which they occur. Discontinued Operations The results of operations of a component of the Company that either has been disposed of or is classified as held-for-sale are reported in discontinued operations if the operations and cash flows of the component have been or will be eliminated from the ongoing operations of the Company as a result of the disposal transaction and the Company will not have any significant continuing involvement in the operations of the component after the disposal transaction. Litigation Contingencies The Company is a party to legal actions and is involved in regulatory investigations. Given the inherent unpredictability of these matters, it is difficult to estimate the impact on the Company's financial position. Liabilities are established when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. On a quarterly and annual basis, the Company reviews relevant information with respect to liabilities for litigation, regulatory investigations and litigation-related contingencies to be reflected in the Company's consolidated financial statements. It is possible that an adverse outcome in certain matters, or the use of different assumptions in the determination of amounts recorded, could have a material adverse effect upon the Company's consolidated net income or cash flows in particular quarterly or annual periods. ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS Income Taxes Effective January 1, 2007, the Company adopted FIN 48. FIN 48 clarifies the accounting for uncertainty in income tax recognized in a company's financial statements. FIN 48 requires companies to determine whether it is "more likely than not" that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest and penalties. Previously recorded income tax benefits that no longer meet this standard are required to be charged to earnings in the period that such determination is made. The adoption of FIN 48 did not have a material impact on the Company's consolidated financial statements. See also Note 11. Insurance Contracts Effective January 1, 2007, the Company adopted SOP 05-1 which provides guidance on accounting by insurance enterprises for DAC on internal replacements of insurance and investment contracts other than those specifically described in Statement of Financial Accounting Standards ("SFAS") No. 97, Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Investments. SOP 05-1 defines an internal replacement and is effective for internal replacements occurring in fiscal years beginning after December 15, 2006. In addition, in February 2007, the American Institute of Certified Public Accountants ("AICPA") issued related Technical Practice Aids ("TPAs") to provide further clarification of SOP 05-1. The TPAs became effective concurrently with the adoption of SOP 05-1. F-22 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) As a result of the adoption of SOP 05-1 and the related TPAs, if an internal replacement modification substantially changes a contract, then the DAC is written off immediately through income and any new deferrable costs associated with the new replacement are deferred. If a contract modification does not substantially change the contract, the DAC amortization on the original contract will continue and any acquisition costs associated with the related modification are immediately expensed. The adoption of SOP 05-1 and the related TPAs resulted in a reduction to DAC and VOBA on January 1, 2007 and an acceleration of the amortization period relating primarily to the Company's group life and non-medical health insurance contracts that contain certain rate reset provisions. Prior to the adoption of SOP 05-1, DAC on such contracts was amortized over the expected renewable life of the contract. Upon adoption of SOP 05-1, DAC on such contracts is to be amortized over the rate reset period. The impact as of January 1, 2007 was a cumulative effect adjustment of $86 million, net of income tax of $46 million, which was recorded as a reduction to retained earnings. Derivative Financial Instruments The Company has adopted guidance relating to derivative financial instruments as follows: - Effective January 1, 2006, the Company adopted prospectively SFAS No. 155, Accounting for Certain Hybrid Instruments ("SFAS 155"). SFAS 155 amends SFAS No. 133, Accounting for Derivative Instruments and Hedging ("SFAS 133") and SFAS No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities ("SFAS 140"). SFAS 155 allows financial instruments that have embedded derivatives to be accounted for as a whole, eliminating the need to bifurcate the derivative from its host, if the holder elects to account for the whole instrument on a fair value basis. In addition, among other changes, SFAS 155: (i) clarifies which interest-only strips and principal-only strips are not subject to the requirements of SFAS 133; (ii) establishes a requirement to evaluate interests in securitized financial assets to identify interests that are freestanding derivatives or that are hybrid financial instruments that contain an embedded derivative requiring bifurcation; (iii) clarifies that concentrations of credit risk in the form of subordination are not embedded derivatives; and (iv) amends SFAS 140 to eliminate the prohibition on a qualifying special-purpose entity ("QSPE") from holding a derivative financial instrument that pertains to a beneficial interest other than another derivative financial interest. The adoption of SFAS 155 did not have a material impact on the Company's consolidated financial statements. - Effective October 1, 2006, the Company adopted SFAS 133 Implementation Issue No. B40, Embedded Derivatives: Application of Paragraph 13(b) to Securitized Interests in Prepayable Financial Assets ("Issue B40"). Issue B40 clarifies that a securitized interest in prepayable financial assets is not subject to the conditions in paragraph 13(b) of SFAS 133, if it meets both of the following criteria: (i) the right to accelerate the settlement if the securitized interest cannot be controlled by the investor; and (ii) the securitized interest itself does not contain an embedded derivative (including an interest rate-related derivative) for which bifurcation would be required other than an embedded derivative that results solely from the embedded call options in the underlying financial assets. The adoption of Issue B40 did not have a material impact on the Company's consolidated financial statements. - Effective January 1, 2006, the Company adopted prospectively SFAS 133 Implementation Issue No. B38, Embedded Derivatives: Evaluation of Net Settlement with Respect to the Settlement of a Debt Instrument F-23 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) through Exercise of an Embedded Put Option or Call Option ("Issue B38") and SFAS 133 Implementation Issue No. B39, Embedded Derivatives: Application of Paragraph 13(b) to Call Options That Are Exercisable Only by the Debtor ("Issue B39"). Issue B38 clarifies that the potential settlement of a debtor's obligation to a creditor occurring upon exercise of a put or call option meets the net settlement criteria of SFAS 133. Issue B39 clarifies that an embedded call option, in which the underlying is an interest rate or interest rate index, that can accelerate the settlement of a debt host financial instrument should not be bifurcated and fair valued if the right to accelerate the settlement can be exercised only by the debtor (issuer/borrower) and the investor will recover substantially all of its initial net investment. The adoption of Issues B38 and B39 did not have a material impact on the Company's consolidated financial statements. Other Effective January 1, 2007, the Company adopted SFAS No. 156, Accounting for Servicing of Financial Assets -- an amendment of FASB Statement No. 140 ("SFAS 156"). Among other requirements, SFAS 156 requires an entity to recognize a servicing asset or servicing liability each time it undertakes an obligation to service a financial asset by entering into a servicing contract in certain situations. The adoption of SFAS 156 did not have an impact on the Company's consolidated financial statements. Effective November 15, 2006, the Company adopted U.S. Securities and Exchange Commission ("SEC") Staff Accounting Bulletin ("SAB") No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements ("SAB 108"). SAB 108 provides guidance on how prior year misstatements should be considered when quantifying misstatements in current year financial statements for purposes of assessing materiality. SAB 108 requires that registrants quantify errors using both a balance sheet and income statement approach and evaluate whether either approach results in quantifying a misstatement that, when relevant quantitative and qualitative factors are considered, is material. SAB 108 permits companies to initially apply its provisions by either restating prior financial statements or recording a cumulative effect adjustment to the carrying values of assets and liabilities as of January 1, 2006 with an offsetting adjustment to retained earnings for errors that were previously deemed immaterial but are material under the guidance in SAB 108. The adoption of SAB 108 did not have a material impact on the Company's consolidated financial statements. Effective January 1, 2006, the Company adopted SFAS No. 154, Accounting Changes and Error Corrections, a replacement of APB Opinion No. 20 and FASB Statement No. 3 ("SFAS 154"). SFAS 154 requires retrospective application to prior periods' financial statements for a voluntary change in accounting principle unless it is deemed impracticable. It also requires that a change in the method of depreciation, amortization, or depletion for long-lived, non- financial assets be accounted for as a change in accounting estimate rather than a change in accounting principle. The adoption of SFAS 154 did not have a material impact on the Company's consolidated financial statements. In June 2005, the Emerging Issues Task Force ("EITF") reached consensus on Issue No. 04-5, Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights ("EITF 04-5"). EITF 04-5 provides a framework for determining whether a general partner controls and should consolidate a limited partnership or a similar entity in light of certain rights held by the limited partners. The consensus also provides additional guidance on substantive rights. EITF 04-5 was effective after June 29, 2005 for all newly formed partnerships and for any pre-existing limited partnerships that modified their partnership agreements after that date. For all other limited partnerships, EITF 04-5 required adoption by January 1, 2006 through a cumulative effect of a change in accounting principle recorded in opening equity or applied retrospectively by adjusting prior period financial statements. The adoption of the provisions of EITF 04-5 did not have a material impact on the Company's consolidated financial statements. Effective November 9, 2005, the Company prospectively adopted the guidance in FASB Staff Position ("FSP") No. FAS 140-2, Clarification of the Application of Paragraphs 40(b) and 40(c) of FAS 140 ("FSP 140-2"). F-24 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) FSP 140-2 clarified certain criteria relating to derivatives and beneficial interests when considering whether an entity qualifies as a QSPE. Under FSP 140- 2, the criteria must only be met at the date the QSPE issues beneficial interests or when a derivative financial instrument needs to be replaced upon the occurrence of a specified event outside the control of the transferor. The adoption of FSP 140-2 did not have a material impact on the Company's consolidated financial statements. Effective July 1, 2005, the Company adopted SFAS No. 153, Exchanges of Nonmonetary Assets, an amendment of APB Opinion No. 29 ("SFAS 153"). SFAS 153 amended prior guidance to eliminate the exception for nonmonetary exchanges of similar productive assets and replaced it with a general exception for exchanges of nonmonetary assets that do not have commercial substance. A nonmonetary exchange has commercial substance if the future cash flows of the entity are expected to change significantly as a result of the exchange. The provisions of SFAS 153 were required to be applied prospectively for fiscal periods beginning after June 15, 2005. The adoption of SFAS 153 did not have a material impact on the Company's consolidated financial statements. In June 2005, the FASB completed its review of EITF Issue No. 03-1, The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments ("EITF 03-1"). EITF 03-1 provides accounting guidance regarding the determination of when an impairment of debt and marketable equity securities and investments accounted for under the cost method should be considered other-than- temporary and recognized in income. EITF 03-1 also requires certain quantitative and qualitative disclosures for debt and marketable equity securities classified as available-for-sale or held-to-maturity under SFAS No. 115, Accounting for Certain Investments in Debt and Equity Securities, that are impaired at the balance sheet date but for which an other-than-temporary impairment has not been recognized. The FASB decided not to provide additional guidance on the meaning of other-than-temporary impairment but has issued FSP Nos. FAS 115-1 and FAS 124-1, The Meaning of Other-Than-Temporary Impairment and its Application to Certain Investments ("FSP 115-1"), which nullifies the accounting guidance on the determination of whether an investment is other-than-temporarily impaired as set forth in EITF 03-1. As required by FSP 115-1, the Company adopted this guidance on a prospective basis, which had no material impact on the Company's consolidated financial statements, and has provided the required disclosures. FUTURE ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS Fair Value In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements ("SFAS 157"). SFAS 157 defines fair value, establishes a framework for measuring fair value and requires enhanced disclosures about fair value measurements. Effective January 1, 2008, the Company adopted SFAS 157 and applied the provisions of the statement prospectively to assets and liabilities measured and disclosed at fair value. In addition to new disclosure requirements, the adoption of SFAS 157 changes the valuation of certain freestanding derivatives by moving from a mid to bid pricing convention as well as changing the valuation of embedded derivatives associated with annuity contracts. The change in valuation of embedded derivatives associated with annuity contracts results from the incorporation of risk margins and the Company's own credit standing in their valuation. As a result of the adoption of SFAS 157 on January 1, 2008, the Company expects such changes to result in a gain in the range of $30 million to $50 million, net of income tax, in the Company's consolidated statement of income. In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities ("SFAS 159"). SFAS 159 permits entities the option to measure most financial instruments and certain other items at fair value at specified election dates and to report related unrealized gains and losses in earnings. The fair value option is generally applied on an instrument-by-instrument basis and is generally an irrevocable election. Effective January 1, 2008, the Company did not elect the fair value option for any instruments. Accordingly, there was no impact on the Company's retained earnings or equity as of January 1, 2008. F-25 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) In June 2007, the AICPA issued SOP 07-1, Clarification of the Scope of the Audit and Accounting Guide Investment Companies and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies ("SOP 07-1"). Upon adoption of SOP 07-1, the Company must also adopt the provisions of FASB Staff Position FSP No. FIN 46(r)-7, Application of FASB Interpretation No. 46 to Investment Companies ("FSP FIN 46(r)-7"), which permanently exempts investment companies from applying the provisions of FIN No. 46(r), Consolidation of Variable Interest Entities -- An Interpretation of Accounting Research Bulletin No. 51, and its December 2003 revision ("FIN 46(r)") to investments carried at fair value. SOP 07-1 provides guidance for determining whether an entity falls within the scope of the AICPA Audit and Accounting Guide Investment Companies and whether investment company accounting should be retained by a parent company upon consolidation of an investment company subsidiary or by an equity method investor in an investment company. In certain circumstances, SOP 07-1 precludes retention of specialized accounting for investment companies (i.e., fair value accounting), when similar direct investments exist in the consolidated group and are measured on a basis inconsistent with that applied to investment companies. Additionally, SOP 07-1 precludes retention of specialized accounting for investment companies if the reporting entity does not distinguish through documented policies the nature and type of investments to be held in the investment companies from those made in the consolidated group where other accounting guidance is being applied. In February 2008, the FASB issued FSP No. SOP 7-1-1, Effective Date of AICPA Statement of Position 07-1, which delays indefinitely the effective date of SOP 07-1. The Company is closely monitoring further FASB developments. In May 2007, the FASB issued FSP No. FIN 39-1, Amendment of FASB Interpretation No. 39 ("FSP 39-1"). FSP 39-1 amends FIN No. 39, Offsetting of Amounts Related to Certain Contracts ("FIN 39"), to permit a reporting entity to offset fair value amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) against fair value amounts recognized for derivative instruments executed with the same counterparty under the same master netting arrangement that have been offset in accordance with FIN 39. FSP 39-1 also amends FIN 39 for certain terminology modifications. FSP 39-1 applies to fiscal years beginning after November 15, 2007. FSP 39-1 will be applied retrospectively, unless it is impracticable to do so. Upon adoption of FSP 39-1, the Company is permitted to change its accounting policy to offset or not offset fair value amounts recognized for derivative instruments under master netting arrangements. The adoption of FSP 39-1 will not have an impact on the Company's financial statements. Business Combinations In December 2007, the FASB issued SFAS No. 141 (revised 2007), Business Combinations -- A Replacement of FASB Statement No. 141 ("SFAS 141(r)") and SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements -- An Amendment of ARB No. 51 ("SFAS 160") which are effective for fiscal years beginning after December 15, 2008. Under SFAS 141(r) and SFAS 160: - All business combinations (whether full, partial, or "step" acquisitions) result in all assets and liabilities of an acquired business being recorded at fair value, with limited exceptions. - Acquisition costs are generally expensed as incurred; restructuring costs associated with a business combination are generally expensed as incurred subsequent to the acquisition date. - The fair value of the purchase price, including the issuance of equity securities, is determined on the acquisition date. - Certain acquired contingent liabilities are recorded at fair value at the acquisition date and subsequently measured at either the higher of such amount or the amount determined under existing guidance for non-acquired contingencies. - Changes in deferred tax asset valuation allowances and income tax uncertainties after the acquisition date generally affect income tax expense. F-26 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) - Noncontrolling interests (formerly known as "minority interests") are valued at fair value at the acquisition date and are presented as equity rather than liabilities. - When control is attained on previously noncontrolling interests, the previously held equity interests are remeasured at fair value and a gain or loss is recognized. - Purchases or sales of equity interests that do not result in a change in control are accounted for as equity transactions. - When control is lost in a partial disposition, realized gains or losses are recorded on equity ownership sold and the remaining ownership interest is remeasured and holding gains or losses are recognized. The pronouncements are effective for fiscal years beginning on or after December 15, 2008 and apply prospectively to business combinations. Presentation and disclosure requirements related to noncontrolling interests must be retrospectively applied. The Company is currently evaluating the impact of SFAS 141(r) on its accounting for future acquisitions and the impact of SFAS 160 on its consolidated financial statements. Other In March 2008, the FASB issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities -- An Amendment of FASB Statement No. 133 ("SFAS 161"). SFAS 161 requires enhanced qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. SFAS 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. The Company is currently evaluating the impact of SFAS 161 on its consolidated financial statements. In February 2008, the FASB issued FSP No. FAS 140-3, Accounting for Transfers of Financial Assets and Repurchase Financing Transactions ("FSP 140- 3"). FSP 140-3 provides guidance for evaluating whether to account for a transfer of a financial asset and repurchase financing as a single transaction or as two separate transactions. FSP 140-3 is effective prospectively for financial statements issued for fiscal years beginning after November 15, 2008. The Company is currently evaluating the impact of FSP 140-3 on its consolidated financial statements. In January 2008, the FASB cleared SFAS 133 Implementation Issue E23, Clarification of the Application of the Shortcut Method ("Issue E23"). Issue E23 amends SFAS 133 by permitting interest rate swaps to have a non-zero fair value at inception, as long as the difference between the transaction price (zero) and the fair value (exit price), as defined by SFAS 157, is solely attributable to a bid-ask spread. In addition, entities would not be precluded from assuming no ineffectiveness in a hedging relationship of interest rate risk involving an interest bearing asset or liability in situations where the hedged item is not recognized for accounting purposes until settlement date as long as the period between trade date and settlement date of the hedged item is consistent with generally established conventions in the marketplace. Issue E23 is effective for hedging relationships designated on or after January 1, 2008. The Company does not expect the adoption of Issue E23 to have a material impact on its consolidated financial statements. In December 2007, the FASB ratified as final the consensus on EITF Issue No. 07-6, Accounting for the Sale of Real Estate When the Agreement Includes a Buy-Sell Clause ("EITF 07-6"). EITF 07-6 addresses whether the existence of a buy-sell arrangement would preclude partial sales treatment when real estate is sold to a jointly owned entity. The consensus concludes that the existence of a buy-sell clause does not necessarily preclude partial sale treatment under current guidance. EITF 07-6 applies prospectively to new arrangements entered into and assessments on existing transactions performed in fiscal years beginning after December 15, 2008. The Company does not expect the adoption of EITF 07-6 to have a material impact on its consolidated financial statements. F-27 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) 2. ACQUISITION OF METLIFE INSURANCE COMPANY OF CONNECTICUT BY METLIFE, INC. FROM CITIGROUP INC. On the Acquisition Date, MetLife Insurance Company of Connecticut became a subsidiary of MetLife. MetLife Insurance Company of Connecticut, together with substantially all of Citigroup's international insurance businesses, excluding Primerica, were acquired by MetLife from Citigroup for $12.1 billion. Prior to the Acquisition, MetLife Insurance Company of Connecticut was a subsidiary of Citigroup Insurance Holding Company ("CIHC"). Primerica was distributed via dividend from MetLife Insurance Company of Connecticut to CIHC on June 30, 2005 in contemplation of the Acquisition. The total consideration paid by MetLife for the purchase consisted of $11.0 billion in cash and 22,436,617 shares of MetLife's common stock with a market value of $1.0 billion to Citigroup and $100 million in other transaction costs. In accordance with FASB SFAS No. 141, Business Combinations, and SFAS No. 142, Goodwill and Other Intangible Assets, the Acquisition was accounted for by MetLife using the purchase method of accounting, which requires that the assets and liabilities of MetLife Insurance Company of Connecticut be identified and measured at their fair value as of the acquisition date. As of July 1, 2005 the net fair value of assets acquired and liabilities assumed totaled $5.9 billion, resulting in goodwill of $885 million. Further information on goodwill is described in Note 7. See Note 6 for the VOBA acquired as part of the acquisition and Note 8 for the value of distribution agreements ("VODA") and the value of customer relationships acquired ("VOCRA"). 3. CONTRIBUTION OF METLIFE INSURANCE COMPANY OF CONNECTICUT FROM METLIFE, INC. On October 11, 2006, MetLife Insurance Company of Connecticut and MetLife Investors Group, Inc. ("MLIG"), both subsidiaries of MetLife, entered into a transfer agreement ("Transfer Agreement"), pursuant to which MetLife Insurance Company of Connecticut agreed to acquire all of the outstanding stock of MLI-USA from MLIG in exchange for shares of MetLife Insurance Company of Connecticut's common stock. To effectuate the exchange of shares, MetLife returned 10,000,000 shares just prior to the closing of the transaction and retained 30,000,000 shares representing 100% of the then issued and outstanding shares of MetLife Insurance Company of Connecticut. MetLife Insurance Company of Connecticut issued 4,595,317 new shares to MLIG in exchange for all of the outstanding common stock of MLI-USA. After the closing of the transaction, 34,595,317 shares of MetLife Insurance Company of Connecticut's common stock are outstanding, of which MLIG holds 4,595,317 shares, with the remaining shares held by MetLife. In connection with the Transfer Agreement on October 11, 2006, MLIG transferred to MetLife Insurance Company of Connecticut certain assets and liabilities, including goodwill, VOBA and deferred income tax liabilities, which remain outstanding from MetLife's acquisition of MLIG on October 30, 1997. The assets and liabilities have been included in the financial data of the Company for all periods presented. The transfer of MLI-USA to MetLife Insurance Company of Connecticut was a transaction between entities under common control. Since MLI-USA was the original entity under common control, for financial statement reporting purposes, MLI-USA is considered the accounting acquirer of MetLife Insurance Company of Connecticut. Accordingly, all financial data included in these financial statement periods prior to July 1, 2005 is that of MLI-USA. For periods subsequent to July 1, 2005, MetLife Insurance Company of Connecticut has been combined with MLI-USA in a manner similar to a pooling of interests. F-28 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) The equity of MetLife Insurance Company of Connecticut has been adjusted to reflect the return of the MetLife Insurance Company of Connecticut common stock by MetLife in connection with the transfer of MLI-USA to MetLife Insurance Company of Connecticut as follows:
ACCUMULATED OTHER COMPREHENSIVE INCOME ---------------- ADDITIONAL NET UNREALIZED COMMON PAID-IN RETAINED INVESTMENT GAINS STOCK CAPITAL EARNINGS (LOSSES) TOTAL ------ ---------- -------- ---------------- ------ MetLife Insurance Company of Connecticut's common stock purchased by MetLife in the Acquisition on July 1, 2005... $100 $6,684 $-- $-- $6,784 Return of MetLife Insurance Company of Connecticut's common stock from MetLife..... (25)(1) 25 -- -- -- ---- ------ --- --- ------ MetLife Insurance Company of Connecticut's common stock purchased by MetLife on July 1, 2005, as adjusted.......... $ 75 $6,709 $-- $-- $6,784 ==== ====== === === ======
-------- (1) Represents the return of 10,000,000 shares of MetLife Insurance Company of Connecticut's common stock, at $2.50 par value, by MetLife to MetLife Insurance Company of Connecticut in anticipation of the transfer of MLI- USA to MetLife Insurance Company of Connecticut, for a total adjustment of $25 million. F-29 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) 4. INVESTMENTS FIXED MATURITY AND EQUITY SECURITIES AVAILABLE-FOR-SALE The following tables present the cost or amortized cost, gross unrealized gain and loss, and estimated fair value of the Company's fixed maturity and equity securities, the percentage that each sector represents by the total fixed maturity securities holdings and by the total equity securities holdings at:
DECEMBER 31, 2007 ---------------------------------------------- GROSS COST OR UNREALIZED AMORTIZED ------------- ESTIMATED % OF COST GAIN LOSS FAIR VALUE TOTAL --------- ---- ------ ---------- ----- (IN MILLIONS) U.S. corporate securities............. $17,174 $119 $ 618 $16,675 36.5% Residential mortgage-backed securities.......................... 11,914 98 80 11,932 26.1 Foreign corporate securities.......... 6,536 83 184 6,435 14.1 U.S.Treasury/agency securities........ 3,976 126 11 4,091 9.0 Commercial mortgage-backed securities.......................... 3,182 28 67 3,143 6.9 Asset-backed securities............... 2,236 4 108 2,132 4.7 Foreign government securities......... 635 55 2 688 1.5 State and political subdivision securities.......................... 611 4 40 575 1.2 ------- ---- ------ ------- ----- Total fixed maturity securities..... $46,264 $517 $1,110 $45,671 100.0% ======= ==== ====== ======= ===== Non-redeemable preferred stock........ $ 777 $ 21 $ 63 $ 735 77.2% Common stock.......................... 215 9 7 217 22.8 ------- ---- ------ ------- ----- Total equity securities............. $ 992 $ 30 $ 70 $ 952 100.0% ======= ==== ====== ======= =====
DECEMBER 31, 2006 -------------------------------------------- GROSS COST OR UNREALIZED AMORTIZED ----------- ESTIMATED % OF COST GAIN LOSS FAIR VALUE TOTAL --------- ---- ---- ---------- ----- (IN MILLIONS) U.S. corporate securities.............. $17,331 $101 $424 $17,008 35.5% Residential mortgage-backed securities........................... 11,951 40 78 11,913 24.9 Foreign corporate securities........... 5,563 64 128 5,499 11.5 U.S.Treasury/agency securities......... 5,455 7 126 5,336 11.2 Commercial mortgage-backed securities.. 3,353 19 47 3,325 6.9 Asset-backed securities................ 3,158 14 10 3,162 6.6 Foreign government securities.......... 533 45 5 573 1.2 State and political subdivision securities........................... 1,062 6 38 1,030 2.2 ------- ---- ---- ------- ----- Total fixed maturity securities...... $48,406 $296 $856 $47,846 100.0% ======= ==== ==== ======= ===== Non-redeemable preferred stock......... $ 671 $ 22 $ 9 $ 684 86.0% Common stock........................... 106 6 1 111 14.0 ------- ---- ---- ------- ----- Total equity securities.............. $ 777 $ 28 $ 10 $ 795 100.0% ======= ==== ==== ======= =====
F-30 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) The Company held foreign currency derivatives with notional amounts of $911 million and $472 million to hedge the exchange rate risk associated with foreign denominated fixed maturity securities at December 31, 2007 and 2006, respectively. The Company is not exposed to any significant concentrations of credit risk in its equity securities portfolio. The Company is exposed to concentrations of credit risk related to U.S. Treasury securities and obligations of U.S. government corporations and agencies. Additionally, at December 31, 2007 and 2006, the Company had exposure to fixed maturity securities backed by sub-prime mortgages with estimated fair values of $570 million and $819 million, respectively, and unrealized losses of $45 million and $2 million, respectively. These securities are classified within asset-backed securities in the immediately preceding tables. At December 31, 2007, 14% have been guaranteed by financial guarantors, of which 57% was guaranteed by financial guarantors who remained Aaa rated through February 2008. Overall, at December 31, 2007, $1.2 billion of the estimated fair value of the Company's fixed maturity securities were credit enhanced by financial guarantors of which $537 million, $499 million and $195 million at December 31, 2007, are included within corporate securities, state and political subdivisions and asset-backed securities, respectively, and 84% were guaranteed by financial guarantors who remained Aaa rated through February 2008. The Company held fixed maturity securities at estimated fair values that were below investment grade or not rated by an independent rating agency that totaled $3.8 billion and $3.2 billion at December 31, 2007 and 2006, respectively. These securities had net unrealized gains (losses) of $(94) million and $51 million at December 31, 2007 and 2006, respectively. Non-income producing fixed maturity securities were $1 million and $6 million at December 31, 2007 and 2006, respectively. Net unrealized gains associated with non-income producing fixed maturity securities were less than $1 million and $1 million at December 31, 2007 and 2006, respectively. The amortized cost and estimated fair value of fixed maturity securities, by contractual maturity date (excluding scheduled sinking funds), are as follows:
DECEMBER 31, ----------------------------------------------- 2007 2006 ---------------------- ---------------------- AMORTIZED ESTIMATED AMORTIZED ESTIMATED COST FAIR VALUE COST FAIR VALUE --------- ---------- --------- ---------- (IN MILLIONS) Due in one year or less................. $ 1,172 $ 1,163 $ 1,620 $ 1,616 Due after one year through five years... 8,070 8,035 9,843 9,733 Due after five years through ten years.. 7,950 7,858 7,331 7,226 Due after ten years..................... 11,740 11,408 11,150 10,871 ------- ------- ------- ------- Subtotal.............................. 28,932 28,464 29,944 29,446 Mortgage-backed and asset-backed securities............................ 17,332 17,207 18,462 18,400 ------- ------- ------- ------- Total fixed maturity securities....... $46,264 $45,671 $48,406 $47,846 ======= ======= ======= =======
Fixed maturity securities not due at a single maturity date have been included in the above table in the year of final contractual maturity. Actual maturities may differ from contractual maturities due to the exercise of prepayment options. F-31 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Sales or disposals of fixed maturity and equity securities classified as available-for-sale are as follows:
YEARS ENDED DECEMBER 31, --------------------------- 2007 2006 2005 ------- ------- ------- (IN MILLIONS) Proceeds....................................... $14,826 $23,901 $22,241 Gross investment gains......................... $ 146 $ 73 $ 48 Gross investment losses........................ $ (373) $ (519) $ (347)
UNREALIZED LOSS FOR FIXED MATURITY AND EQUITY SECURITIES AVAILABLE-FOR-SALE The following tables present the estimated fair value and gross unrealized loss of the Company's fixed maturity (aggregated by sector) and equity securities in an unrealized loss position, aggregated by length of time that the securities have been in a continuous unrealized loss position at:
DECEMBER 31, 2007 ------------------------------------------------------------------------------------------ EQUAL TO OR GREATER THAN 12 LESS THAN 12 MONTHS MONTHS TOTAL ---------------------------- ---------------------------- ---------------------------- ESTIMATED GROSS ESTIMATED GROSS ESTIMATED GROSS FAIR VALUE UNREALIZED LOSS FAIR VALUE UNREALIZED LOSS FAIR VALUE UNREALIZED LOSS ---------- --------------- ---------- --------------- ---------- --------------- (IN MILLIONS, EXCEPT NUMBER OF SECURITIES) U.S. corporate securities............ $ 6,643 $316 $ 5,010 $302 $11,653 $ 618 Residential mortgage- backed securities..... 2,374 52 1,160 28 3,534 80 Foreign corporate securities............ 2,350 86 2,234 98 4,584 184 U.S. Treasury/agency securities............ 307 2 343 9 650 11 Commercial mortgage- backed securities..... 417 26 1,114 41 1,531 67 Asset-backed securities............ 1,401 91 332 17 1,733 108 Foreign government securities............ 63 1 62 1 125 2 State and political subdivision securities............ 84 9 387 31 471 40 ------- ---- ------- ---- ------- ------ Total fixed maturity securities......... $13,639 $583 $10,642 $527 $24,281 $1,110 ======= ==== ======= ==== ======= ====== Equity securities....... $ 386 $ 42 $ 190 $ 28 $ 576 $ 70 ======= ==== ======= ==== ======= ====== Total number of securities in an unrealized loss position.............. 2,011 1,487 ======= =======
F-32 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED)
DECEMBER 31, 2006 ------------------------------------------------------------------------------------------ EQUAL TO OR GREATER THAN 12 LESS THAN 12 MONTHS MONTHS TOTAL ---------------------------- ---------------------------- ---------------------------- ESTIMATED GROSS ESTIMATED GROSS ESTIMATED GROSS FAIR VALUE UNREALIZED LOSS FAIR VALUE UNREALIZED LOSS FAIR VALUE UNREALIZED LOSS ---------- --------------- ---------- --------------- ---------- --------------- (IN MILLIONS, EXCEPT NUMBER OF SECURITIES) U.S. corporate securities............ $ 4,895 $104 $ 7,543 $320 $12,438 $424 Residential mortgage- backed securities..... 4,113 20 3,381 58 7,494 78 Foreign corporate securities............ 1,381 29 2,547 99 3,928 128 U.S. Treasury/agency securities............ 2,995 48 1,005 78 4,000 126 Commercial mortgage- backed securities..... 852 6 1,394 41 2,246 47 Asset-backed securities............ 965 3 327 7 1,292 10 Foreign government securities............ 51 1 92 4 143 5 State and political subdivision securities............ 29 2 414 36 443 38 ------- ---- ------- ---- ------- ---- Total fixed maturity securities......... $15,281 $213 $16,703 $643 $31,984 $856 ======= ==== ======= ==== ======= ==== Equity securities....... $ 149 $ 3 $ 188 $ 7 $ 337 $ 10 ======= ==== ======= ==== ======= ==== Total number of securities in an unrealized loss position.............. 1,955 2,318 ======= =======
AGING OF GROSS UNREALIZED LOSS FOR FIXED MATURITY AND EQUITY SECURITIES AVAILABLE-FOR-SALE The following tables present the cost or amortized cost, gross unrealized loss and number of securities for fixed maturity and equity securities, where the estimated fair value had declined and remained below cost or amortized cost by less than 20%, or 20% or more at:
DECEMBER 31, 2007 --------------------------------------------------------------------------------------- COST OR AMORTIZED COST GROSS UNREALIZED LOSS NUMBER OF SECURITIES --------------------------- --------------------------- --------------------------- LESS THAN 20% 20% OR MORE LESS THAN 20% 20% OR MORE LESS THAN 20% 20% OR MORE ------------- ----------- ------------- ----------- ------------- ----------- (IN MILLIONS, EXCEPT NUMBER OF SECURITIES) Less than six months............ $10,721 $484 $ 368 $130 1,923 98 Six months or greater but less than nine months.. 3,011 -- 155 -- 337 -- Nine months or greater but less than twelve months............ 1,560 -- 86 -- 174 -- Twelve months or greater........... 10,261 -- 441 -- 1,375 -- ------- ---- ------ ---- Total............. $25,553 $484 $1,050 $130 ======= ==== ====== ====
F-33 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED)
DECEMBER 31, 2006 --------------------------------------------------------------------------------------- COST OR AMORTIZED COST GROSS UNREALIZED LOSS NUMBER OF SECURITIES --------------------------- --------------------------- --------------------------- LESS THAN 20% 20% OR MORE LESS THAN 20% 20% OR MORE LESS THAN 20% 20% OR MORE ------------- ----------- ------------- ----------- ------------- ----------- (IN MILLIONS, EXCEPT NUMBER OF SECURITIES) Less than six months... $12,922 $ 9 $150 $ 4 1,537 15 Six months or greater but less than nine months............... 568 -- 6 -- 78 1 Nine months or greater but less than twelve months............... 2,134 14 52 4 323 1 Twelve months or greater.............. 17,540 -- 650 -- 2,318 -- ------- --- ---- --- Total................ $33,164 $23 $858 $ 8 ======= === ==== ===
At December 31, 2007 and 2006, $1,050 million and $858 million, respectively, of unrealized losses related to securities with an unrealized loss position of less than 20% of cost or amortized cost, which represented 4% and 3%, respectively, of the cost or amortized cost of such securities. At December 31, 2007, $130 million of unrealized losses related to securities with an unrealized loss position of 20% or more of cost or amortized cost, which represented 27% of the cost or amortized cost of such securities. All of such unrealized losses of $130 million were related to securities that were in an unrealized loss position for a period of less than six months. At December 31, 2006, $8 million of unrealized losses related to securities with an unrealized loss position of 20% or more of cost or amortized cost, which represented 35% of the cost or amortized cost of such securities. Of such unrealized losses of $8 million, $4 million related to securities that were in an unrealized loss position for a period of less than six months. The Company held two fixed maturity and equity securities, each with a gross unrealized loss at December 31, 2007 of greater than $10 million. These securities represented 2%, or $21 million in the aggregate, of the gross unrealized loss on fixed maturity and equity securities. The Company held two fixed maturity and equity securities, each with a gross unrealized loss at December 31, 2006 of greater than $10 million. These securities represented 3%, or $25 million in the aggregate, of the gross unrealized loss on fixed maturity and equity securities. At December 31, 2007 and 2006, the Company had $1.2 billion and $866 million, respectively, of gross unrealized losses related to its fixed maturity and equity securities. These securities are concentrated, calculated as a percentage of gross unrealized loss, as follows:
DECEMBER 31, ----------- 2007 2006 ---- ---- SECTOR: U.S. corporate securities.................................. 52% 49% Foreign corporate securities............................... 16 15 Asset-backed securities.................................... 9 1 Residential mortgage-backed securities..................... 7 9 Commercial mortgage-backed securities...................... 6 5 U.S. Treasury/agency securities............................ 1 15 Other...................................................... 9 6 --- --- Total................................................... 100% 100% === ===
F-34 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED)
DECEMBER 31, ----------- 2007 2006 ---- ---- INDUSTRY: Finance.................................................... 36% 18% Industrial................................................. 23 26 Mortgage-backed............................................ 13 14 Utility.................................................... 8 10 Government................................................. 1 15 Other...................................................... 19 17 --- --- Total................................................... 100% 100% === ===
As described more fully in Note 1, the Company performs a regular evaluation, on a security-by-security basis, of its investment holdings in accordance with its impairment policy in order to evaluate whether such securities are other-than-temporarily impaired. One of the criteria which the Company considers in its other-than-temporary impairment analysis is its intent and ability to hold securities for a period of time sufficient to allow for the recovery of their value to an amount equal to or greater than cost or amortized cost. The Company's intent and ability to hold securities considers broad portfolio management objectives such as asset/liability duration management, issuer and industry segment exposures, interest rate views and the overall total return focus. In following these portfolio management objectives, changes in facts and circumstances that were present in past reporting periods may trigger a decision to sell securities that were held in prior reporting periods. Decisions to sell are based on current conditions or the Company's need to shift the portfolio to maintain its portfolio management objectives including liquidity needs or duration targets on asset/liability managed portfolios. The Company attempts to anticipate these types of changes and if a sale decision has been made on an impaired security and that security is not expected to recover prior to the expected time of sale, the security will be deemed other-than- temporarily impaired in the period that the sale decision was made and an other- than-temporary impairment loss will be recognized. Based upon the Company's current evaluation of the securities in accordance with its impairment policy, the cause of the decline being principally attributable to the general rise in interest rates during the holding period, and the Company's current intent and ability to hold the fixed maturity and equity securities with unrealized losses for a period of time sufficient for them to recover, the Company has concluded that the aforementioned securities are not other-than-temporarily impaired. SECURITIES LENDING The Company participates in a securities lending program whereby blocks of securities, which are included in fixed maturity and equity securities, are loaned to third parties, primarily major brokerage firms. The Company requires a minimum of 102% of the fair value of the loaned securities to be separately maintained as collateral for the loans. Securities with a cost or amortized cost of $9.9 billion and $8.8 billion and an estimated fair value of $9.8 billion and $8.6 billion were on loan under the program at December 31, 2007 and 2006, respectively. Securities loaned under such transactions may be sold or repledged by the transferee. The Company was liable for cash collateral under its control of $10.1 billion and $8.9 billion at December 31, 2007 and 2006, respectively. Security collateral of $40 million and $83 million on deposit from customers in connection with the securities lending transactions at December 31, 2007 and 2006, respectively, may not be sold or repledged and is not reflected in the consolidated financial statements. F-35 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) ASSETS ON DEPOSIT AND ASSETS PLEDGED AS COLLATERAL The Company had investment assets on deposit with regulatory agencies with a fair market value of $22 million and $20 million at December 31, 2007 and 2006, respectively, consisting primarily of fixed maturity and equity securities. Certain of the Company's fixed maturity securities are pledged as collateral for various derivative transactions as described in Note 5. Additionally, the Company has pledged certain of its fixed maturity securities in support of its funding agreements as described in Note 8. MORTGAGE AND CONSUMER LOANS Mortgage and consumer loans are categorized as follows:
DECEMBER 31, ----------------------------------- 2007 2006 ---------------- ---------------- AMOUNT PERCENT AMOUNT PERCENT ------ ------- ------ ------- (IN MILLIONS) Commercial mortgage loans..................... $3,125 71% $2,095 58% Agricultural mortgage loans................... 1,265 29 1,460 41 Consumer loans................................ 22 -- 46 1 ------ --- ------ --- Total....................................... 4,412 100% 3,601 100% === === Less: Valuation allowances.................... 8 6 ------ ------ Total mortgage and consumer loans........... $4,404 $3,595 ====== ======
Mortgage loans are collateralized by properties primarily located in the United States. At December 31, 2007, 26%, 7% and 7% of the value of the Company's mortgage and consumer loans were located in California, Florida and New York, respectively. Generally, the Company, as the lender, only loans up to 75% of the purchase price of the underlying real estate. Information regarding loan valuation allowances for mortgage and consumer loans is as follows:
YEARS ENDED DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Balance at January 1,.................................... $ 6 $ 9 $ 1 Additions................................................ 7 3 8 Deductions............................................... (5) (6) -- --- --- --- Balance at December 31,.................................. $ 8 $ 6 $ 9 === === ===
F-36 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) A portion of the Company's mortgage and consumer loans was impaired and consisted of the following:
DECEMBER 31, ----------- 2007 2006 ---- ---- (IN MILLIONS) Impaired loans with valuation allowances..................... $65 $-- Impaired loans without valuation allowances.................. 2 8 --- --- Subtotal................................................... 67 8 Less: Valuation allowances on impaired loans................. 4 -- --- --- Impaired loans............................................. $63 $ 8 === ===
The average investment on impaired loans was $21 million, $32 million and $12 million for the years ended December 31, 2007, 2006 and 2005, respectively. Interest income on impaired loans was $3 million, $1 million and $2 million for the years ended December 31, 2007, 2006 and 2005, respectively. The investment in restructured loans was less than $1 million at December 31, 2007. There was no investment in restructured loans at December 31, 2006. Interest income, recognized on restructured loans, was less than $1 million for both years ended December 31, 2007 and 2006, respectively. There was no interest income on restructured loans for the year ended December 31, 2005. Gross interest income that would have been recorded in accordance with the original terms of such loans amounted to less than $1 million for each of the years ended December 31, 2007 and 2006. There was no gross interest income that would have been recorded in accordance with the original terms of such loans for the year ended December 31, 2005. Mortgage and consumer loans with scheduled payments of 90 days or more past due on which interest is still accruing, had an amortized cost of less than $1 million and $6 million at December 31, 2007 and 2006, respectively. There were no mortgage and consumer loans on which interest no longer accrued at both December 31, 2007 and 2006. There were no mortgage and consumer loans in foreclosure at both December 31, 2007 and 2006. REAL ESTATE HOLDINGS Real estate holdings consisted of the following:
DECEMBER 31, ----------- 2007 2006 ---- ---- (IN MILLIONS) Real estate............................................... $ 86 $ 30 Accumulated depreciation.................................. (11) (1) ---- ---- Net real estate........................................... 75 29 Real estate joint ventures................................ 466 144 ---- ---- Real estate and real estate joint ventures.............. 541 173 Real estate held-for-sale................................. -- 7 ---- ---- Total real estate holdings.............................. $541 $180 ==== ====
Related depreciation expense on real estate was $8 million for the year ended December 31, 2007. Depreciation expense on real estate was less than $1 million for both years ended December 31, 2006 and 2005. There was no depreciation expense related to discontinued operations for the years ended December 31, 2007 and 2005. Depreciation expense related to discontinued operations was less than $1 million of the year ended December 31, 2006. F-37 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) There were no impairments recognized on real estate held-for-sale for the years ended December 31, 2007, 2006 and 2005. The carrying value of non-income producing real estate was $1 million at December 31, 2007. There was no non- income producing real estate at December 31, 2006. The Company did not own any real estate acquired in satisfaction of debt during the years ended December 31, 2007 and 2006. Real estate holdings were categorized as follows:
DECEMBER 31, ----------------------------------- 2007 2006 ---------------- ---------------- AMOUNT PERCENT AMOUNT PERCENT ------ ------- ------ ------- (IN MILLIONS) Development joint ventures.................... $287 53% $ -- --% Real estate investment funds.................. 111 21 93 52 Office........................................ 88 16 46 26 Apartments.................................... 35 6 -- -- Agriculture................................... 19 4 28 15 Land.......................................... 1 -- 1 -- Retail........................................ -- -- 12 7 ---- --- ---- --- Total real estate holdings.................. $541 100% $180 100% ==== === ==== ===
The Company's real estate holdings are primarily located in the United States. At December 31, 2007, 22%, 21%, 6% and 5% of the Company's real estate holdings were located in California, New York, Texas and Florida, respectively. OTHER LIMITED PARTNERSHIP INTERESTS The carrying value of other limited partnership interests (which primarily represent ownership interests in pooled investment funds that make private equity investments in companies in the United States and overseas) was $1.1 billion at both December 31, 2007 and 2006. Included within other limited partnership interests at December 31, 2007 and 2006 were $433 million and $354 million, respectively, of hedge funds. For the years ended December 31, 2007, 2006 and 2005, net investment income from other limited partnership interests included $16 million, $30 million and $4 million, respectively, related to hedge funds. F-38 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) NET INVESTMENT INCOME The components of net investment income are as follows:
YEARS ENDED DECEMBER 31, ------------------------ 2007 2006 2005 ------ ------ ------ (IN MILLIONS) Fixed maturity securities........................... $2,803 $2,719 $1,377 Equity securities................................... 45 17 6 Mortgage and consumer loans......................... 263 182 113 Policy loans........................................ 53 52 26 Real estate and real estate joint ventures.......... 81 29 2 Other limited partnership interests................. 164 238 33 Cash, cash equivalents and short-term investments... 104 137 71 Other............................................... 7 8 -- ------ ------ ------ Total investment income........................... 3,520 3,382 1,628 Less: Investment expenses........................... 627 543 190 ------ ------ ------ Net investment income............................. $2,893 $2,839 $1,438 ====== ====== ======
For the years ended December 31, 2007 and 2006, affiliated investment expense of $36 million and $32 million, respectively, related to investment expenses, is included in the table above. There were no affiliated investment expenses for the year ended December 31, 2005. See "-- Related Party Investment Transactions" for discussion of affiliated net investment income related to short-term investments included in the table above. NET INVESTMENT GAINS (LOSSES) The components of net investment gains (losses) are as follows:
YEARS ENDED DECEMBER 31, ----------------------------- (AS RESTATED, SEE NOTE 20) ------------- ----- ----- 2007 2006 2005 ------------- ----- ----- (IN MILLIONS) Fixed maturity securities......................... $(272) $(497) $(300) Equity securities................................. 15 10 1 Mortgage and consumer loans....................... (2) 7 (9) Real estate and real estate joint ventures........ 1 64 7 Other limited partnership interests............... (19) (1) (1) Sales of businesses............................... -- -- 2 Derivatives....................................... 305 177 (2) Other............................................. (170) (281) 104 ----- ----- ----- Net investment gains (losses) $(142) $(521) $(198) ===== ===== =====
The Company periodically disposes of fixed maturity and equity securities at a loss. Generally, such losses are insignificant in amount or in relation to the cost basis of the investment, are attributable to declines in fair value occurring in the period of the disposition or are as a result of management's decision to sell securities based on current conditions or the Company's need to shift the portfolio to maintain its portfolio management objectives. F-39 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Losses from fixed maturity and equity securities deemed other-than- temporarily impaired, included within net investment gains (losses), were $30 million and $41 million for the years ended December 31, 2007 and 2006, respectively. There were no losses from fixed maturity and equity securities deemed other-than-temporarily impaired for the year ended December 31, 2005. NET UNREALIZED INVESTMENT GAINS (LOSSES) The components of net unrealized investment gains (losses), included in accumulated other comprehensive income (loss), are as follows:
YEARS ENDED DECEMBER 31, --------------------- 2007 2006 2005 ----- ----- ----- (IN MILLIONS) Fixed maturity securities............................ $(606) $(566) $(639) Equity securities.................................... (38) 17 (4) Derivatives.......................................... (13) (9) (2) Other................................................ 8 7 (19) ----- ----- ----- Subtotal........................................... (649) (551) (664) ----- ----- ----- Amounts allocated from: Insurance liability loss recognition............... -- -- (78) DAC and VOBA....................................... 93 66 102 ----- ----- ----- Subtotal........................................... 93 66 24 ----- ----- ----- Deferred income tax.................................. 195 171 224 ----- ----- ----- Subtotal........................................... 288 237 248 ----- ----- ----- Net unrealized investment gains (losses)............. $(361) $(314) $(416) ===== ===== =====
The changes in net unrealized investment gains (losses) are as follows:
YEARS ENDED DECEMBER 31, --------------------- 2007 2006 2005 ----- ----- ----- (IN MILLIONS) Balance, January 1,.................................. $(314) $(416) $ 30 Unrealized investment gains (losses) during the year............................................... (98) 113 (756) Unrealized investment gains (losses) relating to: Insurance liability gain (loss) recognition........ -- 78 (78) DAC and VOBA....................................... 27 (36) 148 Deferred income tax................................ 24 (53) 240 ----- ----- ----- Balance, December 31,................................ $(361) $(314) $(416) ===== ===== ===== Net change in unrealized investment gains (losses)... $ (47) $ 102 $(446) ===== ===== =====
TRADING SECURITIES MetLife Insurance Company of Connecticut was the majority owner of Tribeca on the Acquisition Date. Tribeca was a feeder fund investment structure whereby the feeder fund invests substantially all of its assets in the master fund, Tribeca Global Convertible Instruments Ltd. The primary investment objective of the master fund is to achieve enhanced risk-adjusted return by investing in domestic and foreign equities and equity-related securities F-40 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) utilizing such strategies as convertible securities arbitrage. At December 31, 2005, the Company was the majority owner of the feeder fund and consolidated the fund within its consolidated financial statements. Net investment income related to the trading activities of Tribeca, which included interest and dividends earned on trading securities in addition to the net realized and unrealized gains (losses), was $12 million and $6 million for the six months ended June 30, 2006 and the year ended December 31, 2005, respectively. During the second quarter of 2006, the Company's ownership interests in Tribeca declined to a position whereby Tribeca is no longer consolidated and, as of June 30, 2006, was accounted for under the equity method of accounting. The equity method investment at December 31, 2006 of $82 million was included in other limited partnership interests. Net investment income related to the Company's equity method investment in Tribeca was $9 million for the six months ended December 31, 2006. VARIABLE INTEREST ENTITIES The following table presents the total assets of and maximum exposure to loss relating to VIEs for which the Company has concluded that it holds significant variable interests but it is not the primary beneficiary and which have not been consolidated:
DECEMBER 31, 2007 ----------------------- MAXIMUM TOTAL EXPOSURE TO ASSETS(1) LOSS(2) --------- ----------- (IN MILLIONS) Asset-backed securitizations........................... $ 1,140 $ 77 Real estate joint ventures(3).......................... 942 44 Other limited partnership interests(4)................. 3,876 418 Trust preferred securities(5).......................... 22,775 546 Other investments(6)................................... 1,600 79 ------- ------ Total................................................ $30,333 $1,164 ======= ======
-------- (1) The assets of the asset-backed securitizations are reflected at fair value. The assets of the real estate joint ventures, other limited partnership interests, trust preferred securities and other investments are reflected at the carrying amounts at which such assets would have been reflected on the Company's consolidated balance sheet had the Company consolidated the VIE from the date of its initial investment in the entity. (2) The maximum exposure to loss relating to the asset-backed securitizations is equal to the carrying amounts of participation. The maximum exposure to loss relating to real estate joint ventures, other limited partnership interests, trust preferred securities and other investments is equal to the carrying amounts plus any unfunded commitments, reduced by amounts guaranteed by other partners. Such a maximum loss would be expected to occur only upon bankruptcy of the issuer or investee. (3) Real estate joint ventures include partnerships and other ventures which engage in the acquisition, development, management and disposal of real estate investments. (4) Other limited partnership interests include partnerships established for the purpose of investing in public and private debt and equity securities. (5) Trust preferred securities are complex, uniquely structured investments which contain features of both equity and debt, may have an extended or no stated maturity, and may be callable at the issuer's option after a defined period of time. (6) Other investments include securities that are not trust preferred securities or asset-backed securitizations. F-41 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) RELATED PARTY INVESTMENT TRANSACTIONS As of December 31, 2007 and 2006, the Company held $582 million and $581 million, respectively, of its total invested assets in the MetLife Money Market Pool and the MetLife Intermediate Income Pool which are affiliated partnerships. These amounts are included in short-term investments. Net investment income from these invested assets was $25 million, $29 million and $10 million for the years ended December 31, 2007, 2006 and 2005, respectively. In the normal course of business, the Company transfers invested assets, primarily consisting of fixed maturity securities, to and from affiliates. Assets transferred to and from affiliates, inclusive of amounts related to reinsurance agreements, are as follows:
YEARS ENDED DECEMBER 31, ---------------------- 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Estimated fair market value of assets transferred to affiliates......................................... $628 $164 $ 79 Amortized cost of assets transferred to affiliates... $629 $164 $ 78 Net investment gains (losses) recognized on transfers.......................................... $ (1) $ -- $ 1 Estimated fair market value of assets transferred from affiliates.................................... $836 $ 89 $830
5. DERIVATIVE FINANCIAL INSTRUMENTS TYPES OF DERIVATIVE FINANCIAL INSTRUMENTS The following table presents the notional amount and current market or fair value of derivative financial instruments held at:
DECEMBER 31, 2007 DECEMBER 31, 2006 ------------------------------- ------------------------------- CURRENT MARKET CURRENT MARKET OR FAIR VALUE OR FAIR VALUE NOTIONAL -------------------- NOTIONAL -------------------- AMOUNT ASSETS LIABILITIES AMOUNT ASSETS LIABILITIES -------- ------ ----------- -------- ------ ----------- (IN MILLIONS) Interest rate swaps................ $12,437 $ 336 $144 $ 8,841 $ 431 $ 70 Interest rate floors............... 12,071 159 -- 9,021 71 -- Interest rate caps................. 10,715 7 -- 6,715 6 -- Financial futures.................. 721 2 5 602 6 1 Foreign currency swaps............. 3,716 788 97 2,723 580 66 Foreign currency forwards.......... 167 2 -- 124 1 -- Options............................ -- 85 1 -- 80 7 Financial forwards................. 1,108 20 -- 900 -- 15 Credit default swaps............... 1,013 5 3 1,231 1 5 ------- ------ ---- ------- ------ ---- Total............................ $41,948 $1,404 $250 $30,157 $1,176 $164 ======= ====== ==== ======= ====== ====
The above table does not include notional amounts for equity futures, equity variance swaps and equity options. At December 31, 2007 and 2006, the Company owned 403 and 290 equity futures, respectively. Fair values of equity futures are included in financial futures in the preceding table. At December 31, 2007 and 2006, the Company owned 122,153 and 85,500 equity variance swaps, respectively. Fair values of equity variance swaps are included in financial forwards in the preceding table. At December 31, 2007 and 2006, the Company owned 821,100 and 1,022,900 equity options, respectively. Fair values of equity options are included in options in the preceding table. F-42 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) The following table presents the notional amount of derivative financial instruments by maturity at December 31, 2007:
REMAINING LIFE ------------------------------------------------------------------------------------- AFTER ONE YEAR AFTER FIVE YEARS ONE YEAR OR LESS THROUGH FIVE YEARS THROUGH TEN YEARS AFTER TEN YEARS TOTAL ---------------- ------------------ ----------------- --------------- ------- (IN MILLIONS) Interest rate swaps.... $ 4,723 $ 4,963 $ 1,352 $1,399 $12,437 Interest rate floors... -- 2,551 9,520 -- 12,071 Interest rate caps..... 8,702 2,013 -- -- 10,715 Financial futures...... 634 -- -- 87 721 Foreign currency swaps................ 20 2,593 836 267 3,716 Foreign currency forwards............. 165 -- -- 2 167 Financial forwards..... -- -- -- 1,108 1,108 Credit default swaps... 205 519 289 -- 1,013 ------- ------- ------- ------ ------- Total................ $14,449 $12,639 $11,997 $2,863 $41,948 ======= ======= ======= ====== =======
Interest rate swaps are used by the Company primarily to reduce market risks from changes in interest rates and to alter interest rate exposure arising from mismatches between assets and liabilities (duration mismatches). In an interest rate swap, the Company agrees with another party to exchange, at specified intervals, the difference between fixed rate and floating rate interest amounts as calculated by reference to an agreed notional principal amount. These transactions are entered into pursuant to master agreements that provide for a single net payment to be made by the counterparty at each due date. The Company also enters into basis swaps to better match the cash flows from assets and related liabilities. In a basis swap, both legs of the swap are floating with each based on a different index. Generally, no cash is exchanged at the outset of the contract and no principal payments are made by either party. A single net payment is usually made by one counterparty at each due date. Basis swaps are included in interest rate swaps in the preceding table. Interest rate caps and floors are used by the Company primarily to protect its floating rate liabilities against rises in interest rates above a specified level, and against interest rate exposure arising from mismatches between assets and liabilities (duration mismatches), as well as to protect its minimum rate guarantee liabilities against declines in interest rates below a specified level, respectively. In exchange-traded interest rate (Treasury and swap) and equity futures transactions, the Company agrees to purchase or sell a specified number of contracts, the value of which is determined by the different classes of interest rate and equity securities, and to post variation margin on a daily basis in an amount equal to the difference in the daily market values of those contracts. The Company enters into exchange-traded futures with regulated futures commission merchants that are members of the exchange. Exchange-traded interest rate (Treasury and swap) futures are used primarily to hedge mismatches between the duration of assets in a portfolio and the duration of liabilities supported by those assets, to hedge against changes in value of securities the Company owns or anticipates acquiring, and to hedge against changes in interest rates on anticipated liability issuances by replicating Treasury or swap curve performance. The value of interest rate futures is substantially impacted by changes in interest rates and they can be used to modify or hedge existing interest rate risk. F-43 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Exchange-traded equity futures are used primarily to hedge liabilities embedded in certain variable annuity products offered by the Company. Foreign currency derivatives, including foreign currency swaps, foreign currency forwards and currency option contracts, are used by the Company to reduce the risk from fluctuations in foreign currency exchange rates associated with its assets and liabilities denominated in foreign currencies. In a foreign currency swap transaction, the Company agrees with another party to exchange, at specified intervals, the difference between one currency and another at a forward exchange rate calculated by reference to an agreed upon principal amount. The principal amount of each currency is exchanged at the inception and termination of the currency swap by each party. In a foreign currency forward transaction, the Company agrees with another party to deliver a specified amount of an identified currency at a specified future date. The price is agreed upon at the time of the contract and payment for such a contract is made in a different currency at the specified future date. The Company enters into currency option contracts that give it the right, but not the obligation, to sell the foreign currency amount in exchange for a functional currency amount within a limited time at a contracted price. The contracts may also be net settled in cash, based on differentials in the foreign exchange rate and the strike price. Currency option contracts are included in options in the preceding table. Equity index options are used by the Company primarily to hedge minimum guarantees embedded in certain variable annuity products offered by the Company. To hedge against adverse changes in equity indices, the Company enters into contracts to sell the equity index within a limited time at a contracted price. The contracts will be net settled in cash based on differentials in the indices at the time of exercise and the strike price. Equity index options are included in options in the preceding table. The Company enters into financial forwards to buy and sell securities. The price is agreed upon at the time of the contract and payment for such a contract is made at a specified future date. Equity variance swaps are used by the Company primarily to hedge minimum guarantees embedded in certain variable annuity products offered by the Company. In an equity variance swap, the Company agrees with another party to exchange amounts in the future, based on changes in equity volatility over a defined period. Equity variance swaps are included in financial forwards in the preceding table. Certain credit default swaps are used by the Company to hedge against credit-related changes in the value of its investments and to diversify its credit risk exposure in certain portfolios. In a credit default swap transaction, the Company agrees with another party, at specified intervals, to pay a premium to insure credit risk. If a credit event, as defined by the contract, occurs, generally the contract will require the swap to be settled gross by the delivery of par quantities of the referenced investment equal to the specified swap notional in exchange for the payment of cash amounts by the counterparty equal to the par value of the investment surrendered. Credit default swaps are also used to synthetically create investments that are either more expensive to acquire or otherwise unavailable in the cash markets. These transactions are a combination of a derivative and a cash instrument such as a U.S. Treasury or Agency security. F-44 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) HEDGING The following table presents the notional amount and fair value of derivatives by type of hedge designation at:
DECEMBER 31, 2007 DECEMBER 31, 2006 ------------------------------- ------------------------------- FAIR VALUE FAIR VALUE NOTIONAL -------------------- NOTIONAL -------------------- AMOUNT ASSETS LIABILITIES AMOUNT ASSETS LIABILITIES -------- ------ ----------- -------- ------ ----------- (IN MILLIONS) Fair value................... $ 651 $ 20 $ 3 $ 69 $ -- $ 1 Cash flow.................... 486 85 3 455 42 -- Non-qualifying............... 40,811 1,299 244 29,633 1,134 163 ------- ------ ---- ------- ------ ---- Total...................... $41,948 $1,404 $250 $30,157 $1,176 $164 ======= ====== ==== ======= ====== ====
The following table presents the settlement payments recorded in income for the:
YEARS ENDED DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Qualifying hedges: Interest credited to policyholder account balances..... $(6) $(9) $(1) Non-qualifying hedges: Net investment gains (losses).......................... 82 73 (8) --- --- --- Total............................................... $76 $64 $(9) === === ===
FAIR VALUE HEDGES The Company designates and accounts for the following as fair value hedges when they have met the requirements of SFAS 133: (i) interest rate swaps to convert fixed rate investments to floating rate investments; and (ii) foreign currency swaps to hedge the foreign currency fair value exposure of foreign currency denominated investments and liabilities. The Company recognized net investment gains (losses) representing the ineffective portion of all fair value hedges as follows:
YEARS ENDED DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Changes in the fair value of derivatives................ $ 18 $(1) $-- Changes in the fair value of the items hedged........... (20) 2 -- ---- --- --- Net ineffectiveness of fair value hedging activities.... $ (2) $ 1 $-- ==== === ===
All components of each derivative's gain or loss were included in the assessment of hedge effectiveness. There were no instances in which the Company discontinued fair value hedge accounting due to a hedged firm commitment no longer qualifying as a fair value hedge. F-45 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) CASH FLOW HEDGES The Company designates and accounts for the following as cash flow hedges, when they have met the requirements of SFAS 133: (i) interest rate swaps to convert floating rate investments to fixed rate investments; (ii) interest rate swaps to convert floating rate liabilities to fixed rate liabilities; and (iii) foreign currency swaps to hedge the foreign currency cash flow exposure of foreign currency denominated investments and liabilities. For the years ended December 31, 2007 and 2006, the Company did not recognize any net investment gains (losses) which represented the ineffective portion of all cash flow hedges. For the year ended December 31, 2005, the Company recognized insignificant net investment gains (losses), which represented the ineffective portion of all cash flow hedges. All components of each derivative's gain or loss were included in the assessment of hedge effectiveness. For the years ended December 31, 2007, 2006 and 2005, there were no instances in which the Company discontinued cash flow hedge accounting because the forecasted transactions did not occur on the anticipated date or in the additional time period permitted by SFAS 133. There were no hedged forecasted transactions, other than the receipt or payment of variable interest payments for the years ended December 31, 2007, 2006 and 2005. The following table presents the components of other comprehensive income (loss), before income tax, related to cash flow hedges:
YEARS ENDED DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Other comprehensive income (loss) balance at January 1,.................................................... $ (9) $ (2) $(4) Gains (losses) deferred in other comprehensive income (loss) on the effective portion of cash flow hedges... 39 41 1 Amounts reclassified to net investment gains (losses)... (43) (48) 1 ---- ---- --- Other comprehensive income (loss) balance at December 31,................................................... $(13) $ (9) $(2) ==== ==== ===
At December 31, 2007, $65 million of the deferred net gain (loss) on derivatives accumulated in other comprehensive income (loss) is expected to be reclassified to earnings during the year ending December 31, 2008. NON-QUALIFYING DERIVATIVES AND DERIVATIVES FOR PURPOSES OTHER THAN HEDGING The Company enters into the following derivatives that do not qualify for hedge accounting under SFAS 133 or for purposes other than hedging: (i) interest rate swaps, purchased caps and floors, and interest rate futures to economically hedge its exposure to interest rate volatility; (ii) foreign currency forwards, swaps and option contracts to economically hedge its exposure to adverse movements in exchange rates; (iii) credit default swaps to economically hedge exposure to adverse movements in credit; (iv) equity futures, equity index options and equity variance swaps to economically hedge liabilities embedded in certain variable annuity products; (v) credit default swaps to synthetically create investments; (vi) financial forwards to buy and sell securities; and (vii) basis swaps to better match the cash flows of assets and related liabilities. The following table presents changes in fair value related to derivatives that do not qualify for hedge accounting:
YEARS ENDED DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Net investment gains (losses), excluding embedded derivatives........................................... $112 $16 $(37)
F-46 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) EMBEDDED DERIVATIVES The Company has certain embedded derivatives that are required to be separated from their host contracts and accounted for as derivatives. These host contracts include guaranteed minimum withdrawal contracts, guaranteed minimum accumulation contracts and affiliated reinsurance contracts related to guaranteed minimum withdrawal contracts, guaranteed minimum accumulation contracts and certain guaranteed minimum income contracts. The following table presents the fair value of the Company's embedded derivatives at:
DECEMBER 31, ----------- 2007 2006 ---- ---- (IN MILLIONS) Embedded derivative assets................................... $125 $17 Embedded derivative liabilities.............................. $ -- $ 3
The following table presents changes in fair value related to embedded derivatives:
YEARS ENDED DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Net investment gains (losses)................................. $116 $85 $41
CREDIT RISK The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments. Generally, the current credit exposure of the Company's derivative contracts is limited to the fair value at the reporting date. The credit exposure of the Company's derivative transactions is represented by the fair value of contracts with a net positive fair value at the reporting date. The Company manages its credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master agreements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination. Because exchange traded futures are effected through regulated exchanges, and positions are marked to market on a daily basis, the Company has minimal exposure to credit-related losses in the event of nonperformance by counterparties to such derivative instruments. The Company enters into various collateral arrangements, which require both the pledging and accepting of collateral in connection with its derivative instruments. As of December 31, 2007 and 2006, the Company was obligated to return cash collateral under its control of $370 million and $273 million, respectively. This unrestricted cash collateral is included in cash and cash equivalents and the obligation to return it is included in payables for collateral under securities loaned and other transactions in the consolidated balance sheets. As of December 31, 2007 and 2006, the Company had also accepted collateral consisting of various securities with a fair market value of $526 million and $410 million, respectively, which are held in separate custodial accounts. The Company is permitted by contract to sell or repledge this collateral, but as of December 31, 2007 and 2006, none of the collateral had been sold or repledged. In addition, the Company has exchange traded futures, which require the pledging of collateral. As of both December 31, 2007 and 2006, the Company pledged collateral of $25 million, which is included in fixed maturity securities. The counterparties are permitted by contract to sell or repledge this collateral. F-47 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) 6. DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED Information regarding DAC and VOBA is as follows:
DAC VOBA TOTAL ------ ------ ------ (IN MILLIONS) Balance at January 1, 2005.......................... $ 678 $ -- $ 678 Contribution of MetLife Insurance Company of Connecticut from MetLife (Note 2)................. -- 3,490 3,490 Capitalizations................................... 886 -- 886 ------ ------ ------ Subtotal..................................... 1,564 3,490 5,054 ------ ------ ------ Less: Amortization related to: Net investment gains (losses).................. -- (26) (26) Unrealized investment gains (losses)........... (41) (107) (148) Other expenses................................. 109 205 314 ------ ------ ------ Total amortization........................... 68 72 140 ------ ------ ------ Balance at December 31, 2005........................ 1,496 3,418 4,914 Capitalizations................................... 721 -- 721 ------ ------ ------ Subtotal..................................... 2,217 3,418 5,635 ------ ------ ------ Less: Amortization related to: Net investment gains (losses).................. (16) (68) (84) Unrealized investment gains (losses)........... (10) 46 36 Other expenses................................. 252 320 572 ------ ------ ------ Total amortization........................... 226 298 524 ------ ------ ------ Balance at December 31, 2006........................ 1,991 3,120 5,111 Effect of SOP 05-1 adoption....................... (7) (125) (132) Capitalizations................................... 682 -- 682 ------ ------ ------ Subtotal..................................... 2,666 2,995 5,661 ------ ------ ------ Less: Amortization related to: Net investment gains (losses).................. 44 (16) 28 Unrealized investment gains (losses)........... (18) (9) (27) Other expenses................................. 388 324 712 ------ ------ ------ Total amortization........................... 414 299 713 ------ ------ ------ Balance at December 31, 2007........................ $2,252 $2,696 $4,948 ====== ====== ======
The estimated future amortization expense allocated to other expenses for the next five years for VOBA is $342 million in 2008, $303 million in 2009, $269 million in 2010, $237 million in 2011, and $195 million in 2012. Amortization of VOBA and DAC is related to (i) investment gains and losses and the impact of such gains and losses on the amount of the amortization; (ii) unrealized investment gains and losses to provide information regarding the amount that would have been amortized if such gains and losses had been recognized; and (iii) other expenses to provide amounts related to the gross profits originating from transactions other than investment gains and losses. F-48 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) 7. GOODWILL Goodwill is the excess of cost over the fair value of net assets acquired. Information regarding goodwill is as follows:
DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Balance at January 1,.................................. $953 $924 $ 68 Contribution from MetLife (Note 2)..................... -- 29 856 ---- ---- ---- Balance at December 31,................................ $953 $953 $924 ==== ==== ====
8. INSURANCE INSURANCE LIABILITIES Insurance liabilities are as follows:
DECEMBER 31, ------------------------------------------------------------- OTHER FUTURE POLICY POLICYHOLDER ACCOUNT POLICYHOLDER BENEFITS BALANCES FUNDS ----------------- ----------------------- --------------- (AS RESTATED, SEE NOTE 20) ------- ------- ------------- ------- ------ ------ 2007 2006 2007 2006 2007 2006 ------- ------- ------------- ------- ------ ------ (IN MILLIONS) Individual Traditional life................ $ 921 $ 871 $ -- $ -- $ 50 $ 37 Universal variable life......... 575 527 4,995 4,522 1,496 1,314 Annuities....................... 944 1,015 15,058 16,106 36 5 Other........................... -- -- 47 32 -- -- Institutional Group life...................... 220 234 763 765 5 6 Retirement & savings............ 12,040 12,325 12,780 13,731 -- -- Non-medical health & other...... 303 328 -- -- 2 2 Corporate & Other (1)............. 4,573 4,354 172 (57) 188 149 ------- ------- ------- ------- ------ ------ Total........................ $19,576 $19,654 $33,815 $35,099 $1,777 $1,513 ======= ======= ======= ======= ====== ======
(1) Corporate & Other includes intersegment eliminations. Affiliated insurance liabilities included in the table above include reinsurance assumed and ceded. Affiliated future policy benefits, included in the table above, were $29 million and $25 million at December 31, 2007 and 2006, respectively. Affiliated policyholder account balances, included in the table above, were $97 million and $(57) million at December 31, 2007 and 2006, respectively. Affiliated other policyholder funds, included in the table above, were $1.3 billion and $1.2 billion at December 31, 2007 and 2006, respectively. F-49 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) VALUE OF DISTRIBUTION AGREEMENTS AND CUSTOMER RELATIONSHIPS ACQUIRED Information regarding the VODA and VOCRA, which are reported in other assets, is as follows:
YEARS ENDED DECEMBER 31, ---------------------- 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Balance at January 1,............................... $237 $ 72 $-- Contribution from MetLife........................... -- -- 73 Contribution of VODA from MetLife................... -- 167 -- Amortization........................................ (5) (2) (1) ---- ---- --- Balance at December 31,............................. $232 $237 $72 ==== ==== ===
The estimated future amortization expense allocated to other expenses for the next five years for VODA and VOCRA is $7 million in 2008, $9 million in 2009, $11 million in 2010, $13 million in 2011 and $15 million in 2012. On September 30, 2006, MLI-USA received a capital contribution from MetLife of $162 million in the form of intangible assets related to VODA of $167 million, net of deferred income tax of $5 million, for which MLI-USA receives the benefit. The VODA originated through MetLife's acquisition of Travelers and is reported within other assets in the amount of $164 million and $166 million at December 31, 2007 and 2006, respectively. The value of the other identifiable intangibles as discussed above reflects the estimated fair value of the Citigroup/Travelers distribution agreements acquired at July 1, 2005 and will be amortized in relation to the expected economic benefits of the agreement. The weighted average amortization period of the other intangible assets is 16 years. If actual experience under the distribution agreements differs from expectations, the amortization of these intangibles will be adjusted to reflect actual experience. The use of discount rates was necessary to establish the fair value of the other identifiable intangible assets. In selecting the appropriate discount rates, management considered its weighted average cost of capital as well as the weighted average cost of capital required by market participants. A discount rate of 11.5% was used to value these intangible assets. SALES INDUCEMENTS Information regarding deferred sales inducements, which are reported in other assets, is as follows:
YEARS ENDED DECEMBER 31, ------------------ 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Balance at January 1,................................ $330 $218 $143 Capitalization....................................... 124 129 83 Amortization......................................... (51) (17) (8) ---- ---- ---- Balance at December 31,.............................. $403 $330 $218 ==== ==== ====
SEPARATE ACCOUNTS Separate account assets and liabilities consist of pass-through separate accounts totaling $53.9 billion and $50.1 billion at December 31, 2007 and 2006, respectively, for which the policyholder assumes all investment risk. Fees charged to the separate accounts by the Company (including mortality charges, policy administration fees and surrender charges) are reflected in the Company's revenues as universal life and investment-type product policy F-50 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) fees and totaled $947 million, $800 million and $467 million for the years ended December 31, 2007, 2006 and 2005, respectively. For the years ended December 31, 2007, 2006 and 2005, there were no investment gains (losses) on transfers of assets from the general account to the separate accounts. OBLIGATIONS UNDER GUARANTEED INTEREST CONTRACT PROGRAM The Company issues fixed and floating rate obligations under its guaranteed interest contract ("GIC") program which are denominated in either U.S. dollars or foreign currencies. During the year ended December 31, 2007, the Company issued $653 million in such obligations and repaid $616 million. During the year ended December 31, 2006, there were no new issuances of such obligations and there were repayments of $1.1 billion. There were no new issuances or repayments of such obligations for the year ended December 31, 2005. Accordingly, at December 31, 2007 and 2006, GICs outstanding, which are included in policyholder account balances, were $5.1 billion (as restated, see Note 20) and $4.6 billion, respectively. During the years ended December 31, 2007, 2006 and 2005, interest credited on the contracts, which are included in interest credited to policyholder account balances, was $230 million, $163 million and $80 million, respectively. OBLIGATIONS UNDER FUNDING AGREEMENTS MICC is a member of the Federal Home Loan Bank of Boston (the "FHLB of Boston") and holds $70 million of common stock of the FHLB of Boston at both December 31, 2007 and 2006, which is included in equity securities. MICC has also entered into funding agreements with the FHLB of Boston whereby MICC has issued such funding agreements in exchange for cash and for which the FHLB of Boston has been granted a blanket lien on certain MICC assets, including residential mortgage-backed securities, to collateralize MICC's obligations under the funding agreements. MICC maintains control over these pledged assets, and may use, commingle, encumber or dispose of any portion of the collateral as long as there is no event of default and the remaining qualified collateral is sufficient to satisfy the collateral maintenance level. Upon any event of default by MICC, the FHLB of Boston's recovery on the collateral is limited to the amount of MICC's liability to the FHLB of Boston. The amount of MICC's liability for funding agreements with the FHLB of Boston was $726 million and $926 million at December 31, 2007 and 2006, respectively, which is included in policyholder account balances. The advances on these funding agreements are collateralized by residential mortgage-backed securities with fair values of $901 million and $1.1 billion at December 31, 2007 and 2006, respectively. F-51 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) LIABILITIES FOR UNPAID CLAIMS AND CLAIM EXPENSES Information regarding the liabilities for unpaid claims and claim expenses relating to group accident and non-medical health policies and contracts, which are reported in future policy benefits, is as follows:
YEARS ENDED DECEMBER 31, -------------------- 2007 2006 2005 ----- ----- ---- (IN MILLIONS) Balance at January 1,............................... $ 551 $ 512 $ -- Less: Reinsurance recoverables.................... (403) (373) -- ----- ----- ---- Net balance at January 1,........................... 148 139 -- ----- ----- ---- Contribution of MetLife Insurance Company of Connecticut by MetLife (Note 3)................... -- -- 137 Incurred related to: Current year...................................... 32 29 19 Prior years....................................... (5) 4 (3) ----- ----- ---- 27 33 16 ----- ----- ---- Paid related to: Current year...................................... (2) (2) (1) Prior years....................................... (24) (22) (13) ----- ----- ---- (26) (24) (14) ----- ----- ---- Net balance at December 31,......................... 149 148 139 Add: Reinsurance recoverables..................... 463 403 373 ----- ----- ---- Balance at December 31,............................. $ 612 $ 551 $512 ===== ===== ====
Claims and claim adjustment expenses associated with prior periods decreased by $5 million for the year ended December 31, 2007, increased by $4 million for the year ended December 31, 2006, and decreased by $3 million for the year ended December 31, 2005. In all periods presented, the change was due to differences between actual benefit periods and expected benefit periods for LTC and disability contracts. GUARANTEES The Company issues annuity contracts which may include contractual guarantees to the contractholder for: (i) return of no less than total deposits made to the contract less any partial withdrawals ("return of net deposits"); and (ii) the highest contract value on a specified anniversary date minus any withdrawals following the contract anniversary, or total deposits made to the contract less any partial withdrawals plus a minimum return ("anniversary contract value" or "minimum return"). The Company also issues universal and variable life contracts where the Company contractually guarantees to the contractholder a secondary guarantee. F-52 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Information regarding the types of guarantees relating to annuity contracts and universal and variable life contracts is as follows:
DECEMBER 31, --------------------------------------------------------------- 2007 2006 ------------------------------ ------------------------------ IN THE AT IN THE AT EVENT OF DEATH ANNUITIZATION EVENT OF DEATH ANNUITIZATION -------------- ------------- -------------- ------------- (IN MILLIONS) ANNUITY CONTRACTS(1) RETURN OF NET DEPOSITS Separate account value........ $ 11,337 N/A $ 8,213 N/A Net amount at risk(2)......... $ 33(3) N/A $ --(3) N/A Average attained age of contractholders............. 62 years N/A 61 years N/A ANNIVERSARY CONTRACT VALUE OR MINIMUM RETURN Separate account value........ $ 41,515 $ 16,143 $ 44,036 $ 13,179 Net amount at risk(2)......... $ 1,692(3) $ 245(4) $ 1,422(3) $ 30(4) Average attained age of contractholders............. 56 years 61 years 58 years 60 years
DECEMBER 31, ----------------------- 2007 2006 ---------- ---------- SECONDARY SECONDARY GUARANTEES GUARANTEES ---------- ---------- (IN MILLIONS) UNIVERSAL AND VARIABLE LIFE CONTRACTS(1) Account value (general and separate account)........ $ 2,797 $ 3,262 Net amount at risk(2)............................... $ 38,621(3) $ 48,630(3) Average attained age of policyholders............... 57 years 57 years
-------- (1) The Company's annuity and life contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the amounts listed above may not be mutually exclusive. (2) The net amount at risk is based on the direct amount at risk (excluding reinsurance). (3) The net amount at risk for guarantees of amounts in the event of death is defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date. (4) The net amount at risk for guarantees of amounts at annuitization is defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. F-53 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Information regarding the liabilities for guarantees (excluding base policy liabilities) relating to annuity and universal and variable life contracts is as follows:
UNIVERSAL AND VARIABLE LIFE ANNUITY CONTRACTS CONTRACTS -------------------------- ------------- GUARANTEED GUARANTEED DEATH ANNUITIZATION SECONDARY BENEFITS BENEFITS GUARANTEES TOTAL ---------- ------------- ------------- ----- (IN MILLIONS) Balance at January 1, 2005........... $-- $-- $-- $-- Incurred guaranteed benefits......... 3 -- 9 12 Paid guaranteed benefits............. -- -- -- -- --- --- --- --- Balance at December 31, 2005......... 3 -- 9 12 Incurred guaranteed benefits......... -- -- 22 22 Paid guaranteed benefits............. (3) -- -- (3) --- --- --- --- Balance at December 31, 2006......... -- -- 31 31 Incurred guaranteed benefits......... 6 28 34 68 Paid guaranteed benefits............. (4) -- -- (4) --- --- --- --- Balance at December 31, 2007......... $ 2 $28 $65 $95 === === === ===
Excluded from the table above are guaranteed death and annuitization benefit liabilities on the Company's annuity contracts of $45 million, $38 million and $28 million at December 31, 2007, 2006 and 2005, respectively, which were reinsured 100% to an affiliate and had corresponding recoverables from affiliated reinsurers related to such guarantee liabilities. Account balances of contracts with insurance guarantees are invested in separate account asset classes as follows:
DECEMBER 31, ----------------- 2007 2006 ------- ------- (IN MILLIONS) Mutual Fund Groupings Equity.............................................. $40,608 $37,992 Bond................................................ 2,307 2,831 Balanced............................................ 4,422 2,790 Money Market........................................ 1,265 949 Specialty........................................... 395 460 ------- ------- Total.................... ........................ $48,997 $45,022 ======= =======
9. REINSURANCE The Company's life insurance operations participate in reinsurance activities in order to limit losses, minimize exposure to large risks, and provide additional capacity for future growth. The Company has historically reinsured the mortality risk on new individual life insurance policies primarily on an excess of retention basis or a quota share basis. The Company has reinsured up to 90% of the mortality risk for all new individual life insurance policies. This practice was initiated by the Company for different products starting at various points in time between 1997 and 2004. On a case by case basis, the Company may retain up to $5 million per life on single life individual policies and reinsure 100% of amounts in excess of the Company's retention limits. The Company evaluates its reinsurance F-54 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) programs routinely and may increase or decrease its retention at any time. Placement of reinsurance is done primarily on an automatic basis and also on a facultative basis for risks with specific characteristics. In addition to reinsuring mortality risk as described previously, the Company reinsures other risks, as well as specific coverages. The Company routinely reinsures certain classes of risks in order to limit its exposure to particular travel, avocation and lifestyle hazards. The Company has exposure to catastrophes, which could contribute to significant fluctuations in the Company's results of operations. The Company uses excess of retention and quota share reinsurance arrangements to provide greater diversification of risk and minimize exposure to larger risks. MICC's workers' compensation business is reinsured through a 100% quota- share agreement with The Travelers Indemnity Company, an insurance subsidiary of The Travelers Companies, Inc. Effective July 1, 2000, MetLife Insurance Company of Connecticut reinsured 90% of its individual LTC insurance business with Genworth Life Insurance Company and its subsidiary ("GLIC"), in the form of indemnity reinsurance agreements. In accordance with the terms of the reinsurance agreements, GLIC will effect assumption and novation of the reinsured contracts, to the extent permitted by law, by July 31, 2008. The Company reinsures the new production of fixed annuities and the riders containing benefit guarantees related to variable annuities to affiliated and non-affiliated reinsurers. The Company reinsures its business through a diversified group of reinsurers. No single unaffiliated reinsurer has a material obligation to the Company nor is the Company's business substantially dependent upon any reinsurance contracts. The Company is contingently liable with respect to ceded reinsurance should any reinsurer be unable to meet its obligations under these agreements. The amounts in the consolidated statements of income are presented net of reinsurance ceded. Information regarding the effect of reinsurance is as follows:
YEARS ENDED DECEMBER 31, --------------------- 2007 2006 2005 ----- ----- ----- (IN MILLIONS) Direct premiums.................................... $ 654 $ 599 $ 413 Reinsurance assumed................................ 17 21 38 Reinsurance ceded.................................. (318) (312) (170) ----- ----- ----- Net premiums....................................... $ 353 $ 308 $ 281 ===== ===== ===== Reinsurance recoverables netted against policyholder benefits and claims.............................. $ 671 $ 635 $ 560 ===== ===== =====
Reinsurance recoverables, included in premiums and other receivables, were $4.9 billion and $4.6 billion at December 31, 2007 and 2006, respectively, including $3.4 billion and $3.0 billion at December 31, 2007 and 2006, respectively, relating to reinsurance on the run-off LTC business and $1.2 billion and $1.3 billion at December 31, 2007 and 2006, respectively, relating to reinsurance on the run-off of workers' compensation business. Reinsurance and ceded commissions payables, included in other liabilities, were $128 million and $99 million at December 31, 2007 and 2006, respectively. The Company has reinsurance agreements with MetLife and certain of its subsidiaries, including MLIC, Reinsurance Group of America, Incorporated, MetLife Reinsurance Company of South Carolina ("MRSC"), Exeter Reassurance Company, Ltd. ("Exeter"), General American Life Insurance Company ("GALIC"), Mitsui Sumitomo MetLife Insurance Co., Ltd. and MetLife Reinsurance Company of Vermont ("MRV"). At December 31, 2007, the Company had reinsurance-related assets and liabilities from these agreements totaling $3.4 billion and $1.7 billion, F-55 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) respectively. At December 31, 2006, comparable assets and liabilities were $2.8 billion and $1.2 billion, respectively. The following table reflects related party reinsurance information:
YEARS ENDED DECEMBER 31, ---------------------- 2007 2006 2005 ---- ---- ---- (IN MILLIONS) Assumed premiums................................... $ 17 $ 21 $ 38 Assumed fees, included in universal life and investment-type product policy fees.............. $119 $ 65 $194 Assumed fees, included in net investment gains (losses)......................................... $ -- $ -- $ 6 Assumed benefits, included in policyholder benefits and claims....................................... $ 18 $ 11 $ 32 Assumed benefits, included in interest credited to policyholder account balances.................... $ 53 $ 49 $ 42 Assumed acquisition costs, included in other expenses......................................... $ 39 $ 58 $111 Ceded premiums..................................... $ 32 $ 21 $ 12 Ceded fees, included in universal life and investment-type product policy fees.............. $216 $130 $ 93 Interest earned on ceded reinsurance, included in other revenues................................... $ 85 $ 68 $ 55 Ceded benefits, included in policyholder benefits and claims........................................... $ 95 $ 86 $ 92 Interest costs on ceded reinsurance, included in other expenses................................... $ 33 $ 77 $182
The Company has assumed risks related to guaranteed minimum benefit riders from an affiliated joint venture under a reinsurance contract. Such guaranteed minimum benefit riders are embedded derivatives and are included within net investment gains (losses). The assumed amounts were $(113) million, $57 million and $28 million for the years ended December 31, 2007, 2006 and 2005, respectively. These risks have been retroceded in full to another affiliate under a retrocessional agreement resulting in no net impact on net investment gains (losses). The Company has also ceded risks related to guaranteed minimum benefit riders written by the Company to another affiliate. The guaranteed minimum benefit riders directly written by the Company are embedded derivatives and changes in their fair value are included within net investment gains (losses). The ceded reinsurance also contain embedded derivatives and changes in their fair value are also included within net investment gains (losses). The ceded amounts were $276 million, $(31) million and $5 million for the years ended December 31, 2007, 2006 and 2005, respectively. Effective December 20, 2007, MLI-USA recaptured two ceded blocks of business (the "Recaptured Business") from Exeter. The Recaptured Business consisted of two blocks of universal life secondary guarantee risk, one assumed from GALIC, and the other written by MLI-USA. As a result of the recapture, MLI- USA received $258 million of assets from Exeter, reduced receivables from affiliates, included in premiums and other receivables, by $112 million and reduced other assets by $124 million. The recapture resulted in a pre-tax gain of $22 million. Concurrent with the recapture, the same business was ceded to MRV. The cession does not transfer risk to MRV and is therefore accounted for under the deposit method. MLI-USA transferred $258 million of assets to MRV as a result of this cession, and recorded a receivable from affiliates, included in premiums and other receivables, of $258 million. Effective December 31, 2007, MLI-USA entered into a reinsurance agreement to cede two blocks of business to MRV, on a 90% coinsurance funds withheld basis. This agreement covered certain term and certain universal life policies issued in 2007 and to be issued during 2008 by MLI-USA. This agreement transfers risk to MRV and, therefore, is accounted for as reinsurance. As a result of the agreement, DAC decreased $136 million, affiliated F-56 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) reinsurance recoverables, included in premiums and other receivables, increased $326 million, MLI-USA recorded a funds withheld liability for $223 million, included in other liabilities, and unearned revenue, included in other policyholder funds, was reduced by $33 million. On December 1, 2006, the Company acquired a block of structured settlement business from Texas Life Insurance Company ("Texas Life"), a wholly-owned subsidiary of MetLife, through an assumptive reinsurance agreement. This transaction increased future policy benefits of the Company by $1.3 billion and decreased deferred income tax liabilities by $142 million at December 31, 2006. During the year ended December 31, 2007, the receivable from Texas Life related to premiums and other considerations of $1.2 billion held at December 31, 2006 was settled with $901 million of cash and $304 million of fixed maturity securities. Effective January 1, 2005, MLI-USA entered into a reinsurance agreement to assume an in-force block of business from GALIC. This agreement covered certain term and universal life policies issued by GALIC on and after January 1, 2000 through December 31, 2004. This agreement also covered certain term and universal life policies issued on or after January 1, 2005. MLI-USA paid and deferred 100% of a ceding commission to GALIC of $386 million resulting in no gain or loss on the transfer of the in-force business as of January 1, 2005. 10. LONG-TERM DEBT -- AFFILIATED Long-term debt outstanding is as follows:
DECEMBER 31, ----------- 2007 2006 ---- ---- (IN MILLIONS) Surplus notes, interest rate 7.349%, due 2035..................... $400 $400 Surplus notes, interest rate LIBOR plus 1.15%, maturity date 2009............................................................ 200 -- Surplus notes, interest rate 5%, due upon request................. 25 25 Surplus notes, interest rate LIBOR plus 0.75%, due upon request... 10 10 ---- ---- Total long-term debt -- affiliated................................ $635 $435 ==== ====
MetLife Credit Corp., an affiliate, is the holder of a surplus note issued by the Company during the fourth quarter of 2007 in the amount of $200 million at December 31, 2007. MetLife is the holder of a surplus note issued by MLI-USA in the amount of $400 million at December 31, 2007 and 2006. MLIG is the holder of two surplus notes issued by MLI-USA in the amounts of $25 million and $10 million at both December 31, 2007 and 2006. These surplus notes may be redeemed, in whole or in part, at the election of the Company at any time, subject to the prior approval of the insurance department of the state of domicile. Payments of interest and principal on these surplus notes may be made only with the prior approval of the insurance department of the state of domicile. The aggregate maturities of long-term debt as of December 31, 2007 are $200 million in 2009, $400 million in 2035, and $35 million payable upon request and regulatory approval. Interest expense related to the Company's indebtedness, included in other expenses, was $33 million, $31 million and $25 million for the years ended December 31, 2007, 2006 and 2005, respectively. F-57 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) 11. INCOME TAXES The provision for income tax from continuing operations is as follows:
YEARS ENDED DECEMBER 31, ------------------------------------ (AS RESTATED, SEE NOTE 20) ------------- ------------- ---- 2007 2006 2005 ------------- ------------- ---- (IN MILLIONS) Current: Federal..................................... $ 9 $ 18 $ (3) State and local............................. 4 -- (2) Foreign..................................... 1 -- -- ---- ---- ---- Subtotal.................................. 14 18 (5) ---- ---- ---- Deferred: Federal..................................... $306 $212 $162 State and local............................. -- (2) (1) Foreign..................................... (17) -- -- ---- ---- ---- Subtotal.................................. 289 210 161 ---- ---- ---- Provision for income tax...................... $303 $228 $156 ==== ==== ====
The reconciliation of the income tax provision at the U.S. statutory rate to the provision for income tax as reported for continuing operations is as follows:
YEARS ENDED DECEMBER 31, ------------------------------------ (AS RESTATED, SEE NOTE 20) ------------- ------------- ---- 2007 2006 2005 ------------- ------------- ---- (IN MILLIONS) Tax provision at U.S. statutory rate.......... $365 $288 $191 Tax effect of: Tax-exempt investment income................ (65) (62) (27) Prior year tax.............................. 9 (9) (9) Foreign tax rate differential and change in valuation allowance....................... (7) 12 -- State tax, net of federal benefit........... 3 -- 2 Other, net.................................. (2) (1) (1) ---- ---- ---- Provision for income tax...................... $303 $228 $156 ==== ==== ====
F-58 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Deferred income tax represents the tax effect of the differences between the book and tax basis of assets and liabilities. Net deferred income tax assets and liabilities consisted of the following:
DECEMBER 31, ----------------------- (AS RESTATED, SEE NOTE 20) ------------- ------- 2007 2006 ------------- ------- (IN MILLIONS) Deferred income tax assets: Benefit, reinsurance and other reserves............ $ 1,929 $ 2,238 Net unrealized investment losses................... 195 171 Capital loss carryforwards......................... 150 155 Investments........................................ 54 63 Net operating loss carryforwards................... 42 10 Tax credits........................................ 20 -- Operating lease reserves........................... 13 13 Employee benefits.................................. -- 3 Litigation-related................................. -- 1 Other.............................................. 13 20 ------- ------- 2,416 2,674 Less: Valuation allowance.......................... -- 4 ------- ------- 2,416 2,670 ------- ------- Deferred income tax liabilities: DAC and VOBA....................................... (1,570) (1,663) ------- ------- (1,570) (1,663) ------- ------- Net deferred income tax asset........................ $ 846 $ 1,007 ======= =======
Domestic net operating loss carryforwards amount to $29 million at December 31, 2007 and will expire beginning in 2025. Foreign net operating loss carryforwards amount to $113 million at December 31, 2007 with indefinite expiration. Capital loss carryforwards amount to $430 million at December 31, 2007 and will expire beginning in 2010. Tax credit carryforwards amount to $20 million at December 31, 2007. The Company has recorded a valuation allowance related to tax benefits of certain foreign net operating loss carryforwards. The valuation allowance reflects management's assessment, based on available information, that it is more likely than not that the deferred income tax asset for certain foreign net operating loss carryforwards will not be realized. The tax benefit will be recognized when management believes that it is more likely than not that these deferred income tax assets are realizable. In 2007, the Company recorded a reduction of $4 million to the deferred income tax valuation allowance related to certain foreign net operating loss carryforwards. The Company files income tax returns with the U.S. federal government and various state and local jurisdictions, as well as foreign jurisdictions. With a few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years prior to 2003 and is no longer subject to foreign income tax examinations for the years prior to 2006. The adoption of FIN 48 did not have a material impact on the Company's consolidated financial statements. The Company reclassified, at adoption, $64 million of deferred income tax liabilities, for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility, to the liability F-59 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) for unrecognized tax benefits. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period. The total amount of unrecognized tax benefits as of January 1, 2007 that would affect the effective tax rate, if recognized, was $5 million. The Company also had less than $1 million of accrued interest, included within other liabilities, as of January 1, 2007. The Company classifies interest accrued related to unrecognized tax benefits in interest expense, while penalties are included within income tax expense. As of December 31, 2007, the Company's total amount of unrecognized tax benefits is $53 million and there are no amounts of unrecognized tax benefits that would affect the effective tax rate, if recognized. The total amount of unrecognized tax benefit decreased by $11 million from the date of adoption primarily due to a settlement reached with the Internal Revenue Service ("IRS") with respect to a post-sale purchase price adjustment. As a result of the settlement, an item within the liability for unrecognized tax benefits, in the amount of $6 million, was reclassified to deferred income taxes. The Company does not anticipate any material change in the total amount of unrecognized tax benefits over the ensuing 12 month period. A reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ended December 31, 2007, is as follows:
TOTAL UNRECOGNIZED TAX BENEFITS ------------------ (IN MILLIONS) Balance at January 1, 2007 (date of adoption)........... $64 Reductions for tax positions of prior years............. (2) Additions for tax positions of current year............. 5 Reductions for tax positions of current year............ (8) Settlements with tax authorities........................ (6) --- Balance at December 31, 2007............................ $53 ===
During the year ended December 31, 2007, the Company recognized $2 million in interest expense associated with the liability for unrecognized tax benefits. As of December 31, 2007, the Company had $3 million of accrued interest associated with the liability for unrecognized tax benefits, an increase of $2 million from the date of adoption. On September 25, 2007, the IRS issued Revenue Ruling 2007-61, which announced its intention to issue regulations with respect to certain computational aspects of the Dividends Received Deduction ("DRD") on separate account assets held in connection with variable annuity contracts. Revenue Ruling 2007-61 suspended a revenue ruling issued in August 2007 that would have changed accepted industry and IRS interpretations of the statutes governing these computational questions. Any regulations that the IRS ultimately proposes for issuance in this area will be subject to public notice and comment, at which time insurance companies and other interested parties will have the opportunity to raise legal and practical questions about the content, scope and application of such regulations. As a result, the ultimate timing and substance of any such regulations are unknown at this time. For the year ended December 31, 2007, the Company recognized an income tax benefit of $64 million related to the separate account DRD. The Company will file a consolidated tax return with its includable subsidiaries. Non-includable subsidiaries file either separate individual corporate tax returns or separate consolidated tax returns. Under the tax allocation agreement, the federal income tax will be allocated between the companies on a separate return basis and adjusted for credits and other amounts required by such tax allocation agreement. F-60 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) 12. CONTINGENCIES, COMMITMENTS AND GUARANTEES CONTINGENCIES LITIGATION The Company is a defendant in a number of litigation matters. In some of the matters, large and/or indeterminate amounts, including punitive and treble damages, are sought. Modern pleading practice in the United States permits considerable variation in the assertion of monetary damages or other relief. Jurisdictions may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction of the trial court. In addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding reasonably possible verdicts in the jurisdiction for similar matters. This variability in pleadings, together with the actual experience of the Company in litigating or resolving through settlement numerous claims over an extended period of time, demonstrate to management that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value. Thus, unless stated below, the specific monetary relief sought is not noted. Due to the vagaries of litigation, the outcome of a litigation matter and the amount or range of potential loss at particular points in time may normally be inherently impossible to ascertain with any degree of certainty. Inherent uncertainties can include how fact finders will view individually and in their totality documentary evidence, the credibility and effectiveness of witnesses' testimony, and how trial and appellate courts will apply the law in the context of the pleadings or evidence presented, whether by motion practice, or at trial or on appeal. Disposition valuations are also subject to the uncertainty of how opposing parties and their counsel will themselves view the relevant evidence and applicable law. On a quarterly and annual basis, the Company reviews relevant information with respect to litigation and contingencies to be reflected in the Company's consolidated financial statements. The review includes senior legal and financial personnel. Estimates of possible losses or ranges of loss for particular matters cannot in the ordinary course be made with a reasonable degree of certainty. Liabilities are established when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. It is possible that some of the matters could require the Company to pay damages or make other expenditures or establish accruals in amounts that could not be estimated as of December 31, 2007. The Company has faced numerous claims, including class action lawsuits, alleging improper marketing or sales of individual life insurance policies, annuities, mutual funds or other products. The Company continues to vigorously defend against the claims in all pending matters. Some sales practices claims have been resolved through settlement. Other sales practices claims have been won by dispositive motions or have gone to trial. Most of the current cases seek substantial damages, including in some cases punitive and treble damages and attorneys' fees. Additional litigation relating to the Company's marketing and sales of individual life insurance, annuities, mutual funds or other products may be commenced in the future. Various litigation, claims and assessments against the Company, in addition to those discussed previously and those otherwise provided for in the Company's financial statements, have arisen in the course of the Company's business, including, but not limited to, in connection with its activities as an insurer, employer, investor, investment advisor or taxpayer. Further, federal, state or industry regulatory or governmental authorities may conduct investigations, serve subpoenas or make other inquiries concerning a wide variety of issues, including the Company's compliance with applicable insurance and other laws and regulations. It is not possible to predict the ultimate outcome of all pending investigations and legal proceedings or provide reasonable ranges of potential losses. In some of the matters referred to previously, large and/or indeterminate amounts, including punitive and treble damages, are sought. Although in light of these considerations it is possible that an adverse outcome in certain cases could have a material adverse effect upon the Company's financial F-61 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) position, based on information currently known by the Company's management, in its opinion, the outcomes of such pending investigations and legal proceedings are not likely to have such an effect. However, given the large and/or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation, it is possible that an adverse outcome in certain matters could, from time to time, have a material adverse effect on the Company's net income or cash flows in particular quarterly or annual periods. INSOLVENCY ASSESSMENTS Most of the jurisdictions in which the Company is admitted to transact business require insurers doing business within the jurisdiction to participate in guaranty associations, which are organized to pay contractual benefits owed pursuant to insurance policies issued by impaired, insolvent or failed insurers. These associations levy assessments, up to prescribed limits, on all member insurers in a particular state on the basis of the proportionate share of the premiums written by member insurers in the lines of business in which the impaired, insolvent or failed insurer engaged. Some states permit member insurers to recover assessments paid through full or partial premium tax offsets. Assets and liabilities held for insolvency assessments are as follows:
DECEMBER 31, ----------- 2007 2006 ---- ---- (IN MILLIONS) Other Assets: Premium tax offset for future undiscounted assessments.. $ 8 $ 9 Premium tax offsets currently available for paid assessments........................................... 1 1 --- --- $ 9 $10 === === Liability: Insolvency assessments................................... $17 $19 === ===
Assessments levied against the Company were less than $1 million for each of the years ended December 31, 2007, 2006 and 2005. COMMITMENTS LEASES The Company, as lessee, has entered into lease agreements for office space. Future sublease income is projected to be insignificant. Future minimum rental income and minimum gross rental payments relating to these lease agreements are as follows:
GROSS RENTAL RENTAL INCOME PAYMENTS ------ -------- (IN MILLIONS) 2008................................................... $ 3 $15 2009................................................... $ 3 $ 8 2010................................................... $ 3 $ 6 2011................................................... $ 3 $ 6 2012................................................... $ 3 $-- Thereafter............................................. $80 $--
F-62 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) COMMITMENTS TO FUND PARTNERSHIP INVESTMENTS The Company makes commitments to fund partnership investments in the normal course of business. The amounts of these unfunded commitments were $1.4 billion and $616 million at December 31, 2007 and 2006, respectively. The Company anticipates that these amounts will be invested in partnerships over the next five years. MORTGAGE LOAN COMMITMENTS The Company commits to lend funds under mortgage loan commitments. The amounts of these mortgage loan commitments were $626 million and $665 million at December 31, 2007 and 2006, respectively. COMMITMENTS TO FUND BANK CREDIT FACILITIES AND PRIVATE CORPORATE BOND INVESTMENTS The Company commits to lend funds under bank credit facilities and private corporate bond investments. The amounts of these unfunded commitments were $488 million and $173 million at December 31, 2007 and 2006, respectively. OTHER COMMITMENTS The Company has entered into collateral arrangements with affiliates, which require the transfer of collateral in connection with secured demand notes. At December 31, 2007, the Company had agreed to fund up to $60 million of cash upon the request of an affiliate and had transferred collateral consisting of various securities with a fair market value of $73 million to custody accounts to secure the notes. The counterparties are permitted by contract to sell or repledge this collateral. GUARANTEES In the normal course of its business, the Company has provided certain indemnities, guarantees and commitments to third parties pursuant to which it may be required to make payments now or in the future. In the context of acquisition, disposition, investment and other transactions, the Company has provided indemnities and guarantees, including those related to tax, environmental and other specific liabilities, and other indemnities and guarantees that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. In addition, in the normal course of business, the Company provides indemnifications to counterparties in contracts with triggers similar to the foregoing, as well as for certain other liabilities, such as third party lawsuits. These obligations are often subject to time limitations that vary in duration, including contractual limitations and those that arise by operation of law, such as applicable statutes of limitation. In some cases, the maximum potential obligation under the indemnities and guarantees is subject to a contractual limitation, such as in the case of MetLife International Insurance Company, Ltd. ("MLII"), a former affiliate, discussed below, while in other cases such limitations are not specified or applicable. Since certain of these obligations are not subject to limitations, the Company does not believe that it is possible to determine the maximum potential amount that could become due under these guarantees in the future. The Company has provided a guarantee on behalf of MLII that is triggered if MLII cannot pay claims because of insolvency, liquidation or rehabilitation. During the second quarter of 2007, MLII was sold to a third party. Life insurance coverage in-force, representing the maximum potential obligation under this guarantee, was $434 million and $444 million at December 31, 2007 and 2006, respectively. The Company does not have any collateral related to this guarantee, but has recorded a liability of $1 million that was based on the total account value of the guaranteed policies plus the amounts retained per policy at December 31, 2007. The remainder of the risk was ceded to external reinsurers. The Company did not have a recorded liability related to this guarantee at December 31, 2006. In addition, the Company indemnifies its directors and officers as provided in its charters and by-laws. Also, the Company indemnifies its agents for liabilities incurred as a result of their representation of the Company's F-63 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) interests. Since these indemnities are generally not subject to limitation with respect to duration or amount, the Company does not believe that it is possible to determine the maximum potential amount that could become due under these indemnities in the future. In connection with synthetically created investment transactions, the Company writes credit default swap obligations that generally require payment of principal outstanding due in exchange for the referenced credit obligation. If a credit event, as defined by the contract, occurs the Company's maximum amount at risk, assuming the value of the referenced credits becomes worthless, was $324 million at December 31, 2007. The credit default swaps expire at various times during the next ten years. 13. EMPLOYEE BENEFIT PLANS Subsequent to the Acquisition, the Company became a participating affiliate in qualified and non-qualified, noncontributory defined benefit pension and other postretirement plans sponsored by MLIC. Employees were credited with prior service recognized by Citigroup, solely (with regard to pension purposes) for the purpose of determining eligibility and vesting under the Metropolitan Life Retirement Plan for United States Employees (the "Plan"), a noncontributory qualified defined benefit pension plan, with respect to benefits earned under the Plan subsequent to the Acquisition Date. Net periodic expense related to these plans was based on the employee population at the beginning of the year. During 2006, the employees of the Company were transferred to MetLife Group, Inc., a wholly-owned subsidiary of MetLife ("MetLife Group"), therefore no pension expense was allocated to the Company for the year ended December 31, 2007. Pension expense of $8 million related to the MLIC plans was allocated to the Company for the year ended December 31, 2006. There were no expenses allocated to the Company for the six months ended December 31, 2005. 14. EQUITY COMMON STOCK The Company has 40,000,000 authorized shares of common stock, 34,595,317 shares of which are outstanding as of December 31, 2007. Of such outstanding shares, 30,000,000 shares are owned directly by MetLife, Inc. and the remaining shares are owned by MLIG. CAPITAL CONTRIBUTIONS On September 30, 2006, MLI-USA received a capital contribution from MetLife of $162 million in the form of intangible assets related to VODA, and the associated deferred income tax liability, which is more fully described in Note 8. See also Note 3 for information related to the change in the reporting entity. STATUTORY EQUITY AND INCOME Each insurance company's state of domicile imposes minimum risk-based capital ("RBC") requirements that were developed by the National Association of Insurance Commissioners ("NAIC"). The formulas for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital, as defined by the NAIC, to authorized control level RBC, as defined by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. MetLife Insurance Company of Connecticut and MLI-USA each exceeded the minimum RBC requirements for all periods presented herein. F-64 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) The NAIC adopted the Codification of Statutory Accounting Principles ("Codification") in 2001. Codification was intended to standardize regulatory accounting and reporting to state insurance departments. However, statutory accounting principles continue to be established by individual state laws and permitted practices. The Connecticut Insurance Department and the Delaware Department of Insurance have adopted Codification with certain modifications for the preparation of statutory financial statements of insurance companies domiciled in Connecticut and Delaware, respectively. Modifications by the various state insurance departments may impact the effect of Codification on the statutory capital and surplus of MetLife Insurance Company of Connecticut and MLI-USA. Statutory accounting principles differ from GAAP primarily by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions, reporting surplus notes as surplus instead of debt and valuing securities on a different basis. In addition, certain assets are not admitted under statutory accounting principles and are charged directly to surplus. The most significant assets not admitted by the Company are net deferred income tax assets resulting from temporary differences between statutory accounting principles basis and tax basis not expected to reverse and become recoverable within a year. Further, statutory accounting principles do not give recognition to purchase accounting adjustments made as a result of the Acquisition. Statutory net income of MetLife Insurance Company of Connecticut, a Connecticut domiciled insurer, was $1.1 billion, $856 million and $1.0 billion for the years ended December 31, 2007, 2006 and 2005, respectively. Statutory capital and surplus, as filed with the Connecticut Insurance Department, was $4.2 billion and $4.1 billion at December 31, 2007 and 2006, respectively. Due to the merger of MLAC with and into MetLife Insurance Company of Connecticut, the 2006 statutory net income balance was adjusted. Statutory net loss of MLI-USA, a Delaware domiciled insurer, was $1.1 billion, $116 million and $227 million for the years ended December 31, 2007, 2006 and 2005, respectively. Statutory capital and surplus, as filed with the Delaware Insurance Department, was $584 million and $575 million at December 31, 2007 and 2006, respectively. DIVIDEND RESTRICTIONS Under Connecticut State Insurance Law, MetLife Insurance Company of Connecticut is permitted, without prior insurance regulatory clearance, to pay shareholder dividends to its parent as long as the amount of such dividends, when aggregated with all other dividends in the preceding 12 months, does not exceed the greater of: (i) 10% of its surplus to policyholders as of the end of the immediately preceding calendar year; or (ii) its statutory net gain from operations for the immediately preceding calendar year. MetLife Insurance Company of Connecticut will be permitted to pay a cash dividend in excess of the greater of such two amounts only if it files notice of its declaration of such a dividend and the amount thereof with the Connecticut Commissioner of Insurance ("Connecticut Commissioner") and the Connecticut Commissioner does not disapprove the payment within 30 days after notice. In addition, any dividend that exceeds earned surplus (unassigned funds, reduced by 25% of unrealized appreciation in value or revaluation of assets or unrealized profits on investments) as of the last filed annual statutory statement requires insurance regulatory approval. Under Connecticut State Insurance Law, the Connecticut Commissioner has broad discretion in determining whether the financial condition of a stock life insurance company would support the payment of such dividends to its shareholders. The Connecticut State Insurance Law requires prior approval for any dividends for a period of two years following a change in control. As a result of the Acquisition on July 1, 2005, under Connecticut State Insurance Law, all dividend payments by MetLife Insurance Company of Connecticut through June 30, 2007 required prior approval of the Connecticut Commissioner. In the third quarter of 2006, after receiving regulatory approval from the Connecticut Commissioner, MetLife Insurance Company of Connecticut paid a $917 million dividend. Of that amount, F-65 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) $259 million was a return of capital. In the fourth quarter of 2007, MetLife Insurance Company of Connecticut paid a dividend of $690 million. Of that amount, $404 million was a return of capital as approved by the insurance regulator. During 2008, MetLife Insurance Company of Connecticut is permitted to pay, without regulatory approval, a dividend of $1,026 million. Under Delaware State Insurance Law, MLI-USA is permitted, without prior insurance regulatory clearance, to pay a stockholder dividend to its parent as long as the amount of the dividend when aggregated with all other dividends in the preceding 12 months does not exceed the greater of: (i) 10% of its surplus to policyholders as of the end of the immediately preceding calendar year; or (ii) its statutory net gain from operations for the immediately preceding calendar year (excluding realized capital gains). MLI-USA will be permitted to pay a cash dividend to MetLife Insurance Company of Connecticut in excess of the greater of such two amounts only if it files notice of the declaration of such a dividend and the amount thereof with the Delaware Commissioner of Insurance ("Delaware Commissioner") and the Delaware Commissioner does not disapprove the distribution within 30 days of its filing. In addition, any dividend that exceeds earned surplus (defined as unassigned funds) as of the last filed annual statutory statement requires insurance regulatory approval. Under Delaware State Insurance Law, the Delaware Commissioner has broad discretion in determining whether the financial condition of a stock life insurance company would support the payment of such dividends to its stockholders. MLI-USA did not pay dividends for the years ended December 31, 2007 and 2006. Because MLI-USA's statutory unassigned funds surplus is negative, MLI-USA cannot pay any dividends without prior approval of the Delaware Commissioner in 2008. OTHER COMPREHENSIVE INCOME (LOSS) The following table sets forth the reclassification adjustments required for the years ended December 31, 2007, 2006 and 2005 in other comprehensive income (loss) that are included as part of net income for the current year that have been reported as a part of other comprehensive income (loss) in the current or prior year:
YEARS ENDED DECEMBER 31, --------------------------------------- (AS RESTATED, SEE NOTE 20) ------------- ------------- ------- 2007 2006 2005 ------------- ------------- ------- (IN MILLIONS) Holding gains (losses) on investments arising during the year............................. $(358) $(434) $(1,148) Income tax effect of holding gains (losses)... 122 147 402 Reclassification adjustments: Recognized holding (gains) losses included in current year income................... 260 487 295 Amortization of premiums and accretion of discounts associated with investments.... -- 60 96 Income tax effect........................... (88) (186) (137) Allocation of holding gains on investments relating to other policyholder amounts...... 27 42 71 Income tax effect of allocation of holding gains to other policyholder amounts......... (10) (14) (25) ----- ----- ------- Net unrealized investment gains (losses)...... (47) 102 (446) ----- ----- ------- Foreign currency translation adjustment....... 12 (2) 2 ----- ----- ------- Other comprehensive income (loss)............. $ (35) $ 100 $ (444) ===== ===== =======
F-66 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) 15. OTHER EXPENSES Information on other expenses is as follows:
YEARS ENDED DECEMBER 31, ------------------------------ (AS RESTATED, SEE NOTE 20) ------------- ------ ----- 2007 2006 2005 ------------- ------ ----- (IN MILLIONS) Compensation...................................... $ 125 $ 134 $ 106 Commissions....................................... 633 712 931 Interest and debt issue costs..................... 35 31 25 Amortization of DAC and VOBA...................... 740 488 288 Capitalization of DAC............................. (682) (721) (886) Rent, net of sublease income...................... 5 11 7 Minority interest................................. -- 26 1 Insurance tax..................................... 44 42 10 Other............................................. 546 450 196 ------ ------ ----- Total other expenses............................ $1,446 $1,173 $ 678 ====== ====== =====
See Notes 9, 10 and 19 for discussion of affiliated expenses included in the table above. 16. BUSINESS SEGMENT INFORMATION The Company has two operating segments, Individual and Institutional, as well as Corporate & Other. These segments are managed separately because they either provide different products and services, require different strategies or have different technology requirements. Individual offers a wide variety of protection and asset accumulation products, including life insurance, annuities and mutual funds. Institutional offers a broad range of group insurance and retirement & savings products and services, including group life insurance and other insurance products and services. Corporate & Other contains the excess capital not allocated to the business segments, various start-up entities and run-off business, the Company's ancillary international operations, interest expense related to the majority of the Company's outstanding debt, expenses associated with certain legal proceedings and the elimination of intersegment transactions. Economic capital is an internally developed risk capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model accounts for the unique and specific nature of the risks inherent in MetLife's businesses. As a part of the economic capital process, a portion of net investment income is credited to the segments based on the level of allocated equity. Set forth in the tables below is certain financial information with respect to the Company's segments, as well as Corporate & Other, for the years ended December 31, 2007, 2006 and 2005. The accounting policies of the segments are the same as those of the Company, except for the method of capital allocation and the accounting for gains (losses) from intercompany sales, which are eliminated in consolidation. Subsequent to the Acquisition Date, the Company allocates equity to each segment based upon the economic capital model used by MetLife that allows MetLife and the Company to effectively manage their capital. The Company evaluates the performance of each segment based upon net income excluding net investment gains (losses), net of income tax, and adjustments related to net investment gains (losses), net of income tax. F-67 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED)
FOR THE YEAR ENDED CORPORATE & DECEMBER 31, 2007 INDIVIDUAL INSTITUTIONAL OTHER TOTAL ------------------ ---------- ------------- ----------- -------- (AS RESTATED, SEE NOTE 20) (IN MILLIONS) STATEMENT OF INCOME: Premiums.................................... $ 295 $ 34 $ 24 $ 353 Universal life and investment-type product policy fees............................... 1,370 39 2 1,411 Net investment income....................... 1,090 1,510 293 2,893 Other revenues.............................. 237 14 -- 251 Net investment gains (losses)............... 116 (263) 5 (142) Policyholder benefits and claims............ 479 466 33 978 Interest credited to policyholder account balances.................................. 661 638 -- 1,299 Other expenses.............................. 1,329 50 67 1,446 ------- ------- ------- -------- Income from continuing operations before provision for income tax.................. 639 180 224 1,043 Provision for income tax.................... 227 60 16 303 ------- ------- ------- -------- Income from continuing operations........... 412 120 208 740 Income from discontinued operations, net of income tax................................ -- 4 -- 4 ------- ------- ------- -------- Net income.................................. $ 412 $ 124 $ 208 $ 744 ======= ======= ======= ======== BALANCE SHEET: Total assets................................ $82,214 $35,154 $11,193 $128,561 DAC and VOBA................................ $ 4,930 $ 16 $ 2 $ 4,948 Goodwill.................................... $ 234 $ 312 $ 407 $ 953 Separate account assets..................... $51,398 $ 2,469 $ -- $ 53,867 Policyholder liabilities.................... $24,122 $26,113 $ 4,933 $ 55,168 Separate account liabilities................ $51,398 $ 2,469 $ -- $ 53,867
F-68 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED)
FOR THE YEAR ENDED CORPORATE & DECEMBER 31, 2006 INDIVIDUAL INSTITUTIONAL OTHER TOTAL ------------------ ---------- ------------- ----------- -------- (IN MILLIONS) STATEMENT OF INCOME: Premiums.................................... $ 218 $ 65 $ 25 $ 308 Universal life and investment- type product policy fees............................... 1,244 24 -- 1,268 Net investment income....................... 985 1,449 405 2,839 Other revenues.............................. 195 15 2 212 Net investment gains (losses)............... (194) (282) (45) (521) Policyholder benefits and claims............ 315 450 27 792 Interest credited to policyholder account balances.................................. 669 647 -- 1,316 Other expenses.............................. 1,045 16 112 1,173 ------- ------- ------- -------- Income from continuing operations before provision for income tax.................. 419 158 248 825 Provision for income tax.................... 145 55 28 228 ------- ------- ------- -------- Net income.................................. $ 274 $ 103 $ 220 $ 597 ======= ======= ======= ======== BALANCE SHEET: Total assets................................ $76,897 $35,982 $11,208 $124,087 DAC and VOBA................................ $ 4,946 $ 165 $ -- $ 5,111 Goodwill.................................... $ 234 $ 312 $ 407 $ 953 Separate account assets..................... $47,566 $ 2,501 $ -- $ 50,067 Policyholder liabilities.................... $24,429 $27,391 $ 4,446 $ 56,266 Separate account liabilities................ $47,566 $ 2,501 $ -- $ 50,067
FOR THE YEAR ENDED CORPORATE & DECEMBER 31, 2005(1) INDIVIDUAL INSTITUTIONAL OTHER TOTAL -------------------- ---------- ------------- ----------- ------ (IN MILLIONS) STATEMENT OF INCOME: Premiums................................... $ 152 $116 $ 13 $ 281 Universal life and investment-type product policy fees.............................. 845 17 -- 862 Net investment income...................... 530 712 196 1,438 Other revenues............................. 121 10 1 132 Net investment gains (losses).............. (113) (87) 2 (198) Policyholder benefits and claims........... 224 324 22 570 Interest credited to policyholder account balances................................. 417 303 -- 720 Other expenses............................. 640 30 8 678 ----- ---- ---- ------ Income from continuing operations before provision for income tax................. 254 111 182 547 Provision for income tax................... 53 38 65 156 ----- ---- ---- ------ Net income................................. $ 201 $ 73 $117 $ 391 ===== ==== ==== ======
-------- (1) Includes six months of results for MetLife Insurance Company of Connecticut and its subsidiaries and twelve months of results for MLI- USA. F-69 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Net investment income and net investment gains (losses) are based upon the actual results of each segment's specifically identifiable asset portfolio adjusted for allocated equity. Other costs are allocated to each of the segments based upon: (i) a review of the nature of such costs; (ii) time studies analyzing the amount of employee compensation costs incurred by each segment; and (iii) cost estimates included in the Company's product pricing. Revenues derived from any customer did not exceed 10% of consolidated revenues for the years ended December 31, 2007, 2006 and 2005. Substantially all of the Company's revenues originated in the United States. 17. DISCONTINUED OPERATIONS The Company actively manages its real estate portfolio with the objective of maximizing earnings through selective acquisitions and dispositions. Income related to real estate classified as held-for-sale or sold is presented in discontinued operations. These assets are carried at the lower of depreciated cost or fair value less expected disposition costs. In the Institutional segment, the Company had net investment income of $1 million, net investment gains of $5 million and income tax of $2 million related to discontinued operations resulting in income from discontinued operations of $4 million, net of income tax, for the year ended December 31, 2007. The Company had $1 million of investment income and $1 million of investment expense resulting in no change to net investment income for the year ended December 31, 2006. The Company did not have investment income or expense related to discontinued operations for the year ended December 31, 2005. There was no carrying value of real estate related to discontinued operations at December 31, 2007. The carrying value of real estate related to discontinued operations was $7 million at December 31, 2006. 18. FAIR VALUE INFORMATION The estimated fair value of financial instruments have been determined by using available market information and the valuation methodologies described below. Considerable judgment is often required in interpreting market data to develop estimates of fair value. Accordingly, the estimates presented herein may not necessarily be indicative of amounts that could be realized in a current market exchange. The use of different assumptions or valuation methodologies may have a material effect on the estimated fair value amounts. The implementation of SFAS 157 may impact the fair value assumptions and methodologies associated with the valuation of assets and liabilities. See also Note 1 regarding the adoption of SFAS 157. F-70 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) Amounts related to the Company's financial instruments are as follows:
DECEMBER 31, 2007 NOTIONAL CARRYING ESTIMATED (AS RESTATED, SEE NOTE 20) AMOUNT VALUE FAIR VALUE -------- -------- ---------- (IN MILLIONS) Assets: Fixed maturity securities...................... $45,671 $45,671 Equity securities.............................. $ 952 $ 952 Mortgage and consumer loans.................... $ 4,404 $ 4,407 Policy loans................................... $ 913 $ 913 Short-term investments......................... $ 1,335 $ 1,335 Cash and cash equivalents...................... $ 1,774 $ 1,774 Accrued investment income...................... $ 637 $ 637 Mortgage loan commitments...................... $626 $ -- $ (11) Commitments to fund bank credit facilities and private corporate bond investments.......... $488 $ -- $ (31) Liabilities: Policyholder account balances.................. $28,056 $27,651 Long-term debt -- affiliated................... $ 635 $ 609 Payables for collateral under securities loaned and other transactions...................... $10,471 $10,471
NOTIONAL CARRYING ESTIMATED DECEMBER 31, 2006 AMOUNT VALUE FAIR VALUE -------- -------- ---------- (IN MILLIONS) Assets: Fixed maturity securities...................... $47,846 $47,846 Equity securities.............................. $ 795 $ 795 Mortgage and consumer loans.................... $ 3,595 $ 3,547 Policy loans................................... $ 918 $ 918 Short-term investments......................... $ 777 $ 777 Cash and cash equivalents...................... $ 649 $ 649 Accrued investment income...................... $ 597 $ 597 Mortgage loan commitments...................... $665 $ -- $ 1 Commitments to fund bank credit facilities and private corporate bond investments.......... $173 $ -- $ -- Liabilities: Policyholder account balances.................. $29,780 $28,028 Long-term debt -- affiliated................... $ 435 $ 425 Payables for collateral under securities loaned and other transactions...................... $ 9,155 $ 9,155
F-71 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) The methods and assumptions used to estimate the fair value of financial instruments are summarized as follows: FIXED MATURITY SECURITIES AND EQUITY SECURITIES The fair values of publicly held fixed maturity securities and publicly held equity securities are based on quoted market prices or estimates from independent pricing services. However, in cases where quoted market prices are not available, such as for private fixed maturity securities, fair values are estimated using present value or valuation techniques. The determination of fair values is based on: (i) valuation methodologies; (ii) securities the Company deems to be comparable; and (iii) assumptions deemed appropriate given the circumstances. The fair value estimates are based on available market information and judgments about financial instruments, including estimates of the timing and amounts of expected future cash flows and the credit standing of the issuer or counterparty. Factors considered in estimating fair value include; coupon rate, maturity, estimated duration, call provisions, sinking fund requirements, credit rating, industry sector of the issuer, and quoted market prices of comparable securities. MORTGAGE AND CONSUMER LOANS, MORTGAGE LOAN COMMITMENTS, COMMITMENTS TO FUND BANK CREDIT FACILITIES, AND PRIVATE CORPORATE BOND INVESTMENTS Fair values for mortgage and consumer loans are estimated by discounting expected future cash flows, using current interest rates for similar loans with similar credit risk. For mortgage loan commitments, commitments to fund bank credit facilities, and private corporate bond investments the estimated fair value is the net premium or discount of the commitments. POLICY LOANS The carrying values for policy loans approximate fair value. CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS The carrying values for cash and cash equivalents and short-term investments approximate fair values due to the short-term maturities of these instruments. ACCRUED INVESTMENT INCOME The carrying value for accrued investment income approximates fair value. POLICYHOLDER ACCOUNT BALANCES The fair value of policyholder account balances which have final contractual maturities are estimated by discounting expected future cash flows based upon interest rates currently being offered for similar contracts with maturities consistent with those remaining for the agreements being valued. The fair value of policyholder account balances without final contractual maturities are assumed to equal their current net surrender value. LONG-TERM DEBT -- AFFILIATED The fair values of long-term debt are determined by discounting expected future cash flows using risk rates currently available for debt with similar terms and remaining maturities. F-72 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) PAYABLES FOR COLLATERAL UNDER SECURITIES LOANED AND OTHER TRANSACTIONS The carrying value for payables for collateral under securities loaned and other transactions approximate fair value. DERIVATIVE FINANCIAL INSTRUMENTS The fair value of derivative financial instruments, including financial futures, financial forwards, interest rate, credit default and foreign currency swaps, foreign currency forwards, caps, floors, and options are based upon quotations obtained from dealers or other reliable sources. See Note 5 for derivative fair value disclosures. 19. RELATED PARTY TRANSACTIONS SERVICE AGREEMENTS The Company has entered into a Master Service Agreement with MLIC, which provides administrative, accounting, legal and similar services to the Company. MLIC charged the Company $170 million, $93 million and $15 million, included in other expenses, for services performed under the Master Service Agreement for the years ended December 31, 2007, 2006 and 2005, respectively. The Company has entered into a Service Agreement with MetLife Group, under which MetLife Group provides personnel services, as needed, to support the activities of the Company. MetLife Group charged the Company $107 million, $154 million and $49 million, included in other expenses, for services performed under the Service Agreement for the years ended December 31, 2007, 2006 and 2005, respectively. The Company has entered into various additional agreements with other affiliates for services necessary to conduct its activities. Typical services provided under these additional agreements include management, policy administrative functions and distribution services. Expenses and fees incurred with affiliates related to these agreements, recorded in other expenses, were $198 million, $190 million and $48 million for the years ended December 31, 2007, 2006 and 2005, respectively. In 2005, the Company entered into Broker-Dealer Wholesale Sales Agreements with several affiliates ("Distributors"), in which the Distributors agree to sell, on the Company's behalf, fixed rate insurance products through authorized retailers. The Company agrees to compensate the Distributors for the sale and servicing of such insurance products in accordance with the terms of the agreements. The Distributors charged the Company $89 million and $65 million, included in other expenses, for the years ended December 31, 2007 and 2006, respectively. The Company did not incur any such expenses for the year ended December 31, 2005. The Company had net payables to affiliates of $27 million and $9 million at December 31, 2007 and 2006, respectively, related to the expenses discussed above. These payables exclude affiliated reinsurance expenses discussed in Note 9. See Notes 4, 8, 9 and 10 for additional related party transactions. 20. RESTATEMENT The Company identified a miscalculation of the foreign exchange adjustment related to the accrued interest credited liability (included within policyholder account balances) on its foreign denominated issuances under its GIC program. This miscalculation resulted in an overstatement of the foreign currency exchange loss on accrued interest credited payable and an understatement of net income. In addition, the Company recognized that its assessment of the functional currency of its operations in Ireland was not in accordance with the applicable accounting principles. Accordingly, the Company restated its consolidated financial statements for the year ended December 31, 2007 and the quarter ended September 30, 2007 to properly reflect the accrued interest credited F-73 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED) liability on its foreign denominated GICs and to properly reflect the functional currency of its operations in Ireland as of the respective date. As a result of the foregoing, the Company's net income for the year ended December 31, 2007 and the quarter ended September 30, 2007 increased by $49 million and $36 million, respectively. A summary of the effects of these restatements on the Company's consolidated financial statements is as set forth in the table below. See also Note 22, Quarterly Results of Operations (Unaudited).
SEPTEMBER 30, 2007 DECEMBER 31, 2007 -------------------------- -------------------------- AS PREVIOUSLY AS PREVIOUSLY REPORTED AS RESTATED REPORTED AS RESTATED ------------- ----------- ------------- ----------- (IN MILLIONS) ASSETS: Current income tax recoverable..... $ 148 $ 133 $ 91 $ 72 Deferred income tax assets......... $ 1,050 $ 1,049 $ 848 $ 846 Total assets....................... $130,928 $130,912 $128,582 $128,561 LIABILITIES: Policyholder account balances...... $ 34,233 $ 34,189 $ 33,871 $ 33,815 Total liabilities.................. $123,951 $123,907 $121,269 $121,213 STOCKHOLDERS' EQUITY: Retained earnings.................. $ 645 $ 681 $ 843 $ 892 Accumulated other comprehensive income (loss).................... $ (473) $ (481) $ (335) $ (349) Total stockholders' equity......... $ 6,977 $ 7,005 $ 7,313 $ 7,348 Total liabilities and stockholders' equity........................... $130,928 $130,912 $128,582 $128,561
FOR THE THREE MONTHS ENDED FOR THE YEAR ENDED SEPTEMBER 30, 2007 DECEMBER 31, 2007 --------------------------- --------------------------- AS PREVIOUSLY AS PREVIOUSLY REPORTED AS RESTATED REPORTED AS RESTATED ------------- ----------- ------------- ----------- (IN MILLIONS) REVENUES: Net investment gains (losses).......... $ (90) $ (48) $ (198) $ (142) Total revenues......................... $1,136 $1,178 $4,710 $4,766 EXPENSES: Interest credited to policyholder account balances.................... $ 327 $ 325 $1,304 $1,299 Other expenses......................... $ 327 $ 319 $1,455 $1,446 Total expenses......................... $ 910 $ 900 $3,737 $3,723 Income from continuing operations before provision for income tax............... $ 226 $ 278 $ 973 $1,043 Provision for income tax................. $ 72 $ 88 $ 282 $ 303 Income from continuing operations........ $ 154 $ 190 $ 691 $ 740 Net income............................... $ 154 $ 190 $ 695 $ 744
F-74 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (AS RESTATED, SEE NOTE 20) -- (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 2007 --------------------------- AS PREVIOUSLY REPORTED AS RESTATED ------------- ----------- (IN MILLIONS) CASH FLOWS FROM OPERATING ACTIVITIES Net income............................................... $ 695 $ 744 Losses from sales of investments and businesses, net..... $ 201 $ 145 Interest credited to policyholder account balances....... $1,304 $1,299 Change in income tax payable............................. $ 287 $ 308 Change in other assets................................... $ 690 $ 681
21. SUBSEQUENT EVENT In October 2008, the Company received advances totaling $300 million from the Federal Home Loan Bank of Boston, which will be included in debt. In April 2008, MICC issued a surplus note with a face amount of $750 million and a discount of $7 million ($743 million) to MetLife Capital Trust X, an affiliate, with an interest rate of 8.595%. 22. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The unaudited quarterly results of operations for 2007 and 2006 are summarized in the table below:
THREE MONTHS ENDED --------------------------------------------------- (AS RESTATED, SEE NOTE 20) ---------------------------- MARCH 31, JUNE 30, SEPTEMBER 30, DECEMBER 31, --------- -------- ------------- ------------ (IN MILLIONS) 2007 Total revenues........................ $1,097 $1,143 $1,178 $1,348 Total expenses........................ $ 903 $ 885 $ 900 $1,035 Income from continuing operations..... $ 152 $ 187 $ 190 $ 211 Income from discontinued operations, net of income tax................... $ 4 -- -- $ -- Net income............................ $ 156 $ 187 $ 190 $ 211
THREE MONTHS ENDED --------------------------------------------------- MARCH 31, JUNE 30, SEPTEMBER 30, DECEMBER 31, --------- -------- ------------- ------------ (IN MILLIONS) 2006 Total revenues........................ $1,006 $1,068 $1,057 $975 Total expenses........................ $ 830 $ 796 $ 770 $885 Income from continuing operations..... $ 127 $ 191 $ 207 $ 72 Income from discontinued operations, net of income tax................... -- -- -- -- Net income............................ $ 127 $ 191 $ 207 $ 72
F-75 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) SCHEDULE I CONSOLIDATED SUMMARY OF INVESTMENTS -- OTHER THAN INVESTMENTS IN RELATED PARTIES DECEMBER 31, 2007 (IN MILLIONS)
AMOUNT AT COST OR ESTIMATED WHICH SHOWN ON AMORTIZED COST (1) FAIR VALUE BALANCE SHEET TYPE OF INVESTMENTS ------------------ ---------- -------------- Fixed Maturity Securities: Bonds: U.S. Treasury/agency securities.......... $ 3,976 $ 4,091 $ 4,091 State and political subdivision securities............................. 611 575 575 Foreign government securities............ 635 688 688 Public utilities......................... 2,546 2,500 2,500 All other corporate bonds................ 19,661 19,242 19,242 Mortgage-backed and asset-backed securities............................... 17,332 17,207 17,207 Redeemable preferred stock.................. 1,503 1,368 1,368 ------- ------- ------- Total fixed maturity securities.......... 46,264 45,671 45,671 ------- ------- ------- Equity Securities: Common stock: Banks, trust and insurance companies..... 1 1 1 Industrial, miscellaneous and all other.. 214 216 216 Non-redeemable preferred stock.............. 777 735 735 ------- ------- ------- Total equity securities.................. 992 952 952 ------- ------- ------- Mortgage and consumer loans................... 4,404 4,404 Policy loans.................................. 913 913 Real estate and real estate joint ventures.... 541 541 Other limited partnership interests........... 1,130 1,130 Short-term investments........................ 1,335 1,335 Other invested assets......................... 1,445 1,445 ------- ------- Total investments...................... $57,024 $56,391 ======= =======
-------- (1) Cost or amortized cost for fixed maturity securities and mortgage and consumer loans represents original cost reduced by repayments, net valuation allowances and writedowns from other-than-temporary declines in value and adjusted for amortization of premiums or discounts; for equity securities, cost represents original cost reduced by writedowns from other-than-temporary declines in value; for real estate, cost represents original cost reduced by writedowns and adjusted for valuation allowances and depreciation; cost for real estate joint ventures and other limited partnership interests represents original cost reduced for other-than- temporary impairments or original cost adjusted for equity in earnings and distributions. F-76 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) SCHEDULE III CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION DECEMBER 31, 2007, 2006 AND 2005 (IN MILLIONS)
DAC FUTURE POLICY POLICYHOLDER AND BENEFITS AND OTHER ACCOUNT UNEARNED SEGMENT VOBA POLICYHOLDER FUNDS BALANCES REVENUE (1) ------- ------ ------------------ ------------ ----------- 2007 (As Restated, See Note 20) Individual............................... $4,930 $ 4,022 $20,100 $342 Institutional............................ 16 12,570 13,543 -- Corporate & Other........................ 2 4,761 172 1 ------ ------- ------- ---- $4,948 $21,353 $33,815 $343 ====== ======= ======= ==== 2006 Individual............................... $4,946 $ 3,769 $20,660 $260 Institutional............................ 165 12,895 14,496 3 Corporate & Other........................ -- 4,503 (57) -- ------ ------- ------- ---- $5,111 $21,167 $35,099 $263 ====== ======= ======= ==== 2005 Individual............................... $4,753 $ 3,452 $21,403 $141 Institutional............................ 161 11,880 16,460 1 Corporate & Other........................ -- 4,305 (23) -- ------ ------- ------- ---- $4,914 $19,637 $37,840 $142 ====== ======= ======= ====
-------- (1) Amounts are included within the future policy benefits and other policyholder funds column. F-77 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) SCHEDULE III -- (CONTINUED) CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION DECEMBER 31, 2007, 2006 AND 2005 (IN MILLIONS)
AMORTIZATION OF PREMIUM NET POLICYHOLDER DAC AND VOBA OTHER REVENUE AND INVESTMENT BENEFITS AND CHARGED TO OPERATING PREMIUMS WRITTEN SEGMENT POLICY CHARGES INCOME INTEREST CREDITED OTHER EXPENSES EXPENSES (1) (EXCLUDING LIFE) ------- -------------- ---------- ----------------- --------------- ------------ ---------------- 2007 (As Restated, See Note 20) Individual............... $1,665 $1,090 $1,140 $717 $612 $-- Institutional............ 73 1,510 1,104 23 27 7 Corporate & Other........ 26 293 33 -- 67 25 ------ ------ ------ ---- ---- --- $1,764 $2,893 $2,277 $740 $706 $32 ====== ====== ====== ==== ==== === 2006 Individual............... $1,462 $ 985 $ 984 $481 $564 $-- Institutional............ 89 1,449 1,097 6 10 9 Corporate & Other........ 25 405 27 1 111 25 ------ ------ ------ ---- ---- --- $1,576 $2,839 $2,108 $488 $685 $34 ====== ====== ====== ==== ==== === 2005 (2) Individual............... $ 997 $ 530 $ 641 $287 $353 $-- Institutional............ 133 712 627 1 29 9 Corporate & Other........ 13 196 22 -- 8 13 ------ ------ ------ ---- ---- --- $1,143 $1,438 $1,290 $288 $390 $22 ====== ====== ====== ==== ==== ===
-------- (1) Includes other expenses excluding amortization of DAC and VOBA charged to other expenses. (2) Includes six months of results for MetLife Insurance Company of Connecticut and twelve months of results for MLI-USA. F-78 METLIFE INSURANCE COMPANY OF CONNECTICUT (A Wholly-Owned Subsidiary of MetLife, Inc.) SCHEDULE IV CONSOLIDATED REINSURANCE DECEMBER 31, 2007, 2006 AND 2005 (IN MILLIONS)
% AMOUNT ASSUMED GROSS AMOUNT CEDED ASSUMED NET AMOUNT TO NET ------------ -------- ------- ---------- -------- 2007 Life insurance in-force............. $189,630 $152,943 $13,934 $50,621 27.5% ======== ======== ======= ======= Insurance premium Life insurance...................... $ 384 $ 82 $ 17 $ 319 5.3% Accident and health................. 270 236 -- 34 --% -------- -------- ------- ------- Total insurance premium........... $ 654 $ 318 $ 17 $ 353 4.8% ======== ======== ======= =======
% AMOUNT ASSUMED GROSS AMOUNT CEDED ASSUMED NET AMOUNT TO NET ------------ -------- ------- ---------- -------- 2006 Life insurance in-force............. $153,390 $119,281 $14,374 $48,483 29.6% ======== ======== ======= ======= Insurance premium Life insurance...................... $ 323 $ 72 $ 21 $ 272 7.7% Accident and health................. 276 240 -- 36 --% -------- -------- ------- ------- Total insurance premium........... $ 599 $ 312 $ 21 $ 308 6.8% ======== ======== ======= =======
% AMOUNT ASSUMED GROSS AMOUNT CEDED ASSUMED NET AMOUNT TO NET ------------ ------- ------- ---------- -------- 2005 (1) Life insurance in-force............. $126,362 $93,686 $16,921 $49,597 34.1% ======== ======= ======= ======= Insurance premium Life insurance...................... $ 269 $ 45 $ 38 $ 262 14.5% Accident and health................. 144 125 -- 19 --% -------- ------- ------- ------- Total insurance premium........... $ 413 $ 170 $ 38 $ 281 13.5% ======== ======= ======= =======
For the year ended December 31, 2007, reinsurance ceded and assumed included affiliated transactions of $32 million and $17 million, respectively. For the year ended December 31, 2006, both reinsurance ceded and assumed included affiliated transactions of $21 million. For the year ended December 31, 2005, reinsurance ceded and assumed included affiliated transactions of $12 million and $38 million, respectively. -------- (1) Includes six months of results for MetLife Insurance Company of Connecticut and twelve months of results for MLI-USA. F-79 VINTAGE 3 PORTFOLIO ARCHITECT 3 PORTFOLIO ARCHITECT L VINTAGE L PIONEER ANNUISTAR FLEX STATEMENT OF ADDITIONAL INFORMATION METLIFE OF CT SEPARATE ACCOUNT ELEVEN FOR VARIABLE ANNUITIES ISSUED BY METLIFE INSURANCE COMPANY OF CONNECTICUT 1300 HALL BOULEVARD BLOOMFIELD, CONNECTICUT 06002-2910 MIC-Book-04-08-81-82-83 December 8, 2008