Asset Allocation Account (Prospectus Summary) | Asset Allocation Account

Asset Allocation Account

Objective:

The Account seeks to generate a total investment return consistent with preservation
of capital.

Fees and Expenses of the Account

This table describes the fees and expenses that you may pay if you buy and hold
shares of the Account. These fees and expenses do not reflect the fees and
expenses of any variable insurance contract that may invest in the Account and
would be higher if they did.

Annual Account Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses	Asset Allocation Account Class 1
Management Fees	0.80%
Other Expenses	0.10%
Total Annual Account Operating Expenses	0.90%

Example

This Example is intended to help you compare the cost of investing in the
Account with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Account for the time periods
indicated and then redeem all of your shares at the end of those periods. The
Example also assumes that your investment has a 5% return each year and that the
Account's operating expenses remain the same. If separate account expenses and
contract level expenses were included, expenses would be higher. Although your
actual costs may be higher or lower, based on these assumptions your costs would
be:

Expense Example (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years	Expense Example, With Redemption, 5 Years	Expense Example, With Redemption, 10 Years
Asset Allocation Account Class 1	92	287	498	1,108

Portfolio Turnover

The Account pays transaction costs, such as commissions, when it buys and
sells securities (or "turns over" its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs. These costs, which are not reflected
in annual Account operating expenses or in the example, affect the Account's
performance. During the most recent fiscal year, the Account's portfolio
turnover rate was 142.1% of the average value of its portfolio.

Principal Investment Strategies

The Account invests in a portfolio of securities that is broadly diversified by
asset class, global region, country, economic sector, and currency. Although
the Account does not allocate a specific percentage of its assets to a class,
over time, the asset mix usually will be within the following ranges:

· 25% to 75% in equity securities;
  
· 25% to 60% in fixed-income securities; and

· 0% to 40% in money market instruments.
  
Allocation among asset classes is designed to lessen overall investment risk
by diversifying the Account's assets among different types of investments in
different markets. From time-to-time, the Sub-Advisor changes the Account's
allocation of assets in various ways, including by asset class, global region,
country, economic sector, and currency.
  
Fixed income securities may include intermediate maturity fixed-income or debt
securities including obligations of the U.S. government, (such as U.S.
Treasuries) and U.S. government sponsored securities (such as debt issued by
Federal Home Loan Mortgage Corporation), corporate bonds, asset-backed
securities, and mortgage-backed securities.  The Account may invest in high
yield (commonly known as "junk bonds"; rated BB+ or lower by Standard & Poor's
Ratings Services or Ba1 or lower by Moody's) securities. As of December 31,
2011, the average portfolio duration of the fixed income portion of the Account
was 5.33 years.
  
The Account may invest in equity securities of companies with small market
capitalizations (which as of December 31, 2011 ranged between $20 million and
$3.7 billion, as defined by the Russell 2000® Index), and may also invest in
equity securities of companies with medium market capitalization (which as of
December 31, 2011 ranged between $117 million and $20.51 billion, as defined by
the Russell Midcap Index).
  
The Account may invest in foreign securities. The Account may actively trade
portfolio securities.

The Account may utilize derivative strategies. Specifically, the Account may
invest in equity index futures or options to manage the equity exposure,
Treasury futures or interest rate swaps to manage the fixed-income exposure and
credit default swaps to increase or decrease, in an efficient manner, exposures
to certain sectors or individual issuers. The Account may use forwards to manage
its foreign currency exposure.

Principal Risks

The Account may be an appropriate investment for investors seeking a moderate
risk approach towards long-term growth.
  
The value of your investment in the Account changes with the value of the
Account's investments. Many factors affect that value, and it is possible to
lose money by investing in the Account. An investment in the Account is not a
deposit of a bank and is not insured or guaranteed by the Federal Deposit
Insurance Corporation or any other government agency. The principal risks of
investing in the Account, in alphabetical order, are:
  
Active Trading Risk. Actively trading portfolio securities may accelerate
realization of taxable gains and losses, lower fund performance and may result
in high portfolio turnover rates and increased brokerage costs.
  
Asset Allocation Risk. A fund's selection and weighting of asset classes may
cause it to underperform other funds with a similar investment objective.
  
Currency Risk.  Risks of investing in securities denominated in, or that trade
in, foreign (non-U.S.) currencies include changes in foreign exchange rates and
foreign exchange restrictions.

Derivatives Risk. Transactions in derivatives (such as options, futures,
currency contracts, and swaps) may increase volatility, cause the liquidation of
portfolio positions when not advantageous to do so and produce disproportionate
losses.

Equity Securities Risk. Equity securities (common, convertible preferred stocks
and other securities whose values are tied to the price of stocks, such as
rights, warrants and convertible debt securities) could decline in value if the
issuer's financial condition declines or in response to overall market and
economic conditions. A fund's principal market segment(s), such as large cap,
mid cap or small cap stocks, or growth or value stocks, may underperform other
market segments or the equity markets as a whole. Investments in smaller
companies and mid-size companies may involve greater risk and price volatility
than investments in larger, more mature companies.
  
Fixed-Income Securities Risk. Fixed-income securities are subject to interest
rate risk and credit quality risk. The market value of fixed-income securities
generally declines when interest rates rise, and an issuer of fixed-income
securities could default on its payment obligations.
  
Foreign Securities Risk. The risks of foreign securities include loss of value
as a result of: political or economic instability; nationalization,
expropriation or confiscatory taxation; settlement delays; and limited
government regulation (including less stringent reporting, accounting, and
disclosure standards than are required of U.S. companies).

High Yield Securities Risk. High yield fixed-income securities (commonly
referred to as "junk bonds") are subject to greater credit quality risk than
higher rated fixed-income securities and should be considered speculative.
  
Portfolio Duration Risk. Portfolio duration is a measure of the expected life of
a fixed-income security and its sensitivity to changes in interest rates. The
longer a fund's average portfolio duration, the more sensitive the fund will be
to changes in interest rates.
  
U.S. Government Securities Risk. Yields available from U.S. government
securities are generally lower than yields from many other fixed-income
securities.

U.S. Government Sponsored Securities Risk. Securities issued by U.S.
government-sponsored or -chartered enterprises such as the Federal Home
Loan Mortgage Corporation, the Federal National Mortgage Association,
and the Federal Home Loan Banks are not issued or guaranteed by the
U.S. Treasury.

Performance

The following information provides some indication of the risks of investing in
the Account by showing changes in the Account's performance from year to year
and by showing how the Account's average annual returns for 1, 5, and 10 years
(or, if shorter, the life of the Account) compare with those of one or more
broad measures of market performance. Past performance is not necessarily an
indication of how the Account will perform in the future. Performance figures
for the Accounts do not include any separate account expenses, cost of
insurance, or other contract-level expenses; total returns for the Accounts
would be lower if such expenses were included.
  
The Barclays Capital Aggregate Bond Index is used to show performance of
domestic, taxable fixed-income securities. The MSCI - EAFE Index NDTR D is used
to show international stock performance.

Calendar Year Total Returns (%) as of 12/31 each year (Class 1 Shares)

Highest return for a quarter during the period of the bar       Q2 '03    12.11%
chart above:                                                           
Lowest return for a quarter during the period of the bar        Q3 '02   -12.41%
chart above:

Average Annual Total Returns (%) For the periods ended December 31, 2011

Average Annual Total Returns Asset Allocation Account	Average Annual Returns, Label	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years
Class 1	Asset Allocation Account - Class 1	2.14%	2.15%	4.30%
S&P 500 Index	S&P 500 Index (reflects no deduction for fees, expenses, or taxes)	2.11%	(0.25%)	2.92%
Barclays Capital Aggregate Bond Index	Barclays Capital Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)	7.84%	6.50%	5.78%
MSCI - EAFE Index NDTR D	MSCI - EAFE Index NDTR D (reflects no deduction for fees, expenses, or taxes)	(12.14%)	(4.72%)	4.67%