FORM NSAR Q77.O Transactions effected pursuant to Rule 10F3 Variable Insurance Products III

Series Number

Fund

Trade Date

Settle Date

Security Name:

Size of Offering:

Aggregate Offering Value

Price:

Shares Purchased

Transaction Value

Underwriter Fidelity Purchased From

Underwriting Members:(1)

Underwriting Members:(2)

Underwriting Members:(3)

Underwriting Members:(4)

Underwriting Members:(5)

5

VIP III GROWTH OPPORTUNITIES

23-Apr-01

27-Apr-01

Aquila Inc

16,500,000.00

396,000,000.00

$24.00

1,500

472,800.00

MOTC

Lehman Brothers

Merrill Lynch & Co.

Salomon Smith Barney

Credit Lyonnais Securities (USA) Inc

JP Morgan

5

VIP GROWTH OPPORTUNITIES

22-May-01

25-May-01

Peabody Energy

15,000,000.00

420,000,000.00

$28.00

900

332,000.00

LEHM

Bear Stearns & Co. Inc.

Merrill Lynch & Co.

Morgan Stanley Dean Witter

UBS Warburg

A.G. Edwards & Sons, Inc.

7

GROWTH & INCOME FUND

23-Apr-01

27-Apr-01

Aquila Inc

16,500,000.00

396,000,000.00

$24.00

1,500

472,800.00

MOTC

Lehman Brothers

Merrill Lynch & Co.

Salomon Smith Barney

Credit Lyonnais Securities (USA) Inc

JP Morgan

7

GROWTH & INCOME FUND

22-May-01

25-May-01

Peabody Energy

15,000,000.00

420,000,000.00

$28.00

1,000

332,000.00

LEHM

Bear Stearns & Co. Inc.

Merrill Lynch & Co.

Morgan Stanley Dean Witter

UBS Warburg

A.G. Edwards & Sons, Inc.

8

VIP III MID CAP PORTFOLIO

23-Apr-01

27-Apr-01

Aquila Inc

16,500,000.00

396,000,000.00

$24.00

1,400

472,800.00

MOTC

Lehman Brothers

Merrill Lynch & Co.

Salomon Smith Barney

Credit Lyonnais Securities (USA) Inc

JP Morgan

8

VIP III MID CAP PORTFOLIO

22-May-01

25-May-01

Peabody Energy

15,000,000.00

420,000,000.00

$28.00

800

332,000.00

LEHM

Bear Stearns & Co. Inc.

Merrill Lynch & Co.

Morgan Stanley Dean Witter

UBS Warburg

A.G. Edwards & Sons, Inc.

9

VIP AGGRESSIVE GROWTH

23-Apr-01

27-Apr-01

Aquila Inc

16,500,000.00

396,000,000.00

$24.00

100

472,800.00

MOTC

Lehman Brothers

Merrill Lynch & Co.

Salomon Smith Barney

Credit Lyonnais Securities (USA) Inc

JP Morgan

9

VIP AGGRESSIVE GROWTH

23-Apr-01

27-Apr-01

Aquila Inc

16,500,000.00

396,000,000.00

$24.00

500

472,800.00

MOTC

Lehman Brothers

Merrill Lynch & Co.

Salomon Smith Barney

Credit Lyonnais Securities (USA) Inc

JP Morgan

9

VIP AGGRESSIVE GROWTH

22-May-01

25-May-01

Peabody Energy

15,000,000.00

420,000,000.00

$28.00

100

332,000.00

LEHM

Bear Stearns & Co. Inc.

Merrill Lynch & Co.

Morgan Stanley Dean Witter

UBS Warburg

A.G. Edwards & Sons, Inc.

10

VIP DYNAMIC CAPITAL APPREC

23-Apr-01

27-Apr-01

Aquila Inc

16,500,000.00

396,000,000.00

$24.00

500

472,800.00

MOTC

Lehman Brothers

Merrill Lynch & Co.

Salomon Smith Barney

Credit Lyonnais Securities (USA) Inc

JP Morgan

10

VIP DYNAMIC CAPITAL APPREC

22-May-01

25-May-01

Peabody Energy

15,000,000.00

420,000,000.00

$28.00

100

332,000.00

LEHM

Bear Stearns & Co. Inc.

Merrill Lynch & Co.

Morgan Stanley Dean Witter

UBS Warburg

A.G. Edwards & Sons, Inc.