S-3 1 filing.htm filing.htm
 
 

 

As filed with the Securities and Exchange Commission on December 1, 2008
REGISTRATION NO. 333-_________

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
______________________

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
(EXACT NAME OF  REGISTRANT AS SPECIFIED IN ITS CHARTER)
_______________________

Delaware
04-2461439
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)
(I.R.S. EMPLOYER IDENTIFICATION NO.)

One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481  (781) 237-6030
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
_______________________

Sandra M. DaDalt, Esq.
Assistant Vice President and Senior Counsel
Sun Life Assurance Company of Canada (U.S.)
One Sun Life Executive Park, SC 1335
Wellesley Hills, Massachusetts 02481
(800) 786-5433
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE)
_______________________

Copies of Communications to:
Thomas C. Lauerman, Esq.
Jorden Burt LLP
1025 Thomas Jefferson Street, NW, Suite 400E
Washington, D.C. 20007-0805
(202) 965-8156
______________________

Approximate date of commencement of proposed sale to the public: As soon as practicable following effectiveness of this Registration Statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 (other than securities offered only in connection with dividend or interest reinvestment plans), check the following box.  R

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check One):

 
Large accelerated filer
Accelerated filer
         
 
Non-accelerated filer
R
Smaller reporting company


 
 

 

CALCULATION OF REGISTRATION FEE

 
 
Title of each class of securities to be
registered
 
 
Amount to be
registered (1)
Proposed
maximum
aggregate price
per unit(2)
Proposed
maximum
aggregate
offering price (2)
 
 
Amount of
registration fee
Market value adjusted interests under
deferred annuity contracts(3) . . . . . . . .
 
$2,544,550
 
100%
 
100%
 
$100(4)

 
(1)
 
An indeterminate number or amount of market value adjusted interests under deferred annuity contracts of Sun Life Insurance and Annuity Company of New York that may from time to time be issued at indeterminate prices, in U.S. dollars. In no event will the aggregate maximum offering price of all securities issued pursuant to this registration statement exceed $2,544,550.
   
(2)
Estimated solely for the purpose of determining the amount of the registration fee.
   
(3)
The market value adjusted interests registered hereby are the "Guarantee Periods" issued on terms and conditions set forth in deferred annuity contracts and described in the prospectuses contained in this registration statement.
   
(4)
This amount was paid in connection with the initial filing on September 25, 2000 of a predecessor registration statement (Commission File No. 333-46566) with respect to the offering to be registered hereon, and that amount of fee is being included herein (together with the $2,544,550 of securities registered hereby) pursuant to Rule 415(a)(6) under the Securities Act of 1933. Accordingly, no additional registration fee is being paid herewith.

The Registrant hereby amends his Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.





 
 

 

SUPPLEMENT DATED _________, 2009
TO THE

PROSPECTUS DATED MAY 1, 2007
For the following Contract:
MFS REGATTA FLEX II

and

PROSPECTUSES DATED MAY 1, 2006
For the following Contracts:
MFS REGATTA ACCESS
MFS REGATTA FLEX FOUR
FUTURITY
FUTURITY FOCUS II
FUTURITY SELECT FOUR

This Supplement revises certain of the information contained in the above-listed Prospectuses (as previously supplemented) that pertain to annuity Contracts issued by us. We are Sun Life Assurance Company of Canada (U.S.), and words and phrases used in this Supplement have the same meaning as the Prospectus gives to them.

This Supplement is being provided to you as a Participant under one of the above-listed Contracts. You should retain this Supplement with the Prospectus for future reference. If you need an additional copy of the Prospectus or any supplement thereto, please call (800) 752-7215.

New Toll-Free Phone Number: In addition to any other phone number given on the cover page of your Prospectus, you may now communicate with us for most purposes concerning your Contract by calling (800) 752-7215.

New Location for Securities and Exchange Commission Public Reference Room in Washington, D.C.: Under the heading “Available Information” in the Prospectus, we disclose the address of the SEC’s Washington, D.C., public reference facilities, which is one place that you can read and copy certain materials that we file with the SEC. The new location for these SEC facilities is the Public Reference Room, 100 F Street, N.E., Washington, D.C. 20549.  You may obtain information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.

Update of Information Incorporated by Reference. Under the heading “Incorporation of Certain Documents by Reference” in the Prospectus, we describe certain documents that we incorporate by reference into the Prospectus. That description is revised to read as follows:

The Company’s Annual Report on Form 10-K for the year ended December 31, 2008 filed with the SEC pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is incorporated herein by reference. All documents or reports we file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Supplement and prior to the termination of the offering, shall be deemed incorporated by reference into the Prospectus.

Experts: The following is hereby added to the Prospectus:

EXPERTS

The consolidated financial statements incorporated herein by reference from the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 have been audited by _____________, an independent registered public accounting firm, as stated in their report (which report expresses an unqualified opinion on the consolidated financial statements), which is incorporated herein by reference, and have been so incorporated in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.



 
 

 

SUPPLEMENT DATED SEPTEMBER 25, 2008
TO

PROSPECTUSES DATED MAY 1, 2008
FOR MFS REGATTA PLATINUM, MFS REGATTA GOLD, FUTURITY II,
MFS REGATTA CHOICE, FUTURITY III, MFS REGATTA EXTRA,
SUN LIFE FINANCIAL MASTERSSM ACCESS, SUN LIFE FINANCIAL MASTERSSM EXTRA,
SUN LIFE FINANCIAL MASTERSSM CHOICE, AND SUN LIFE FINANCIAL MASTERSSM FLEX,

PROSPECTUSES DATED MAY 1, 2007
MFS REGATTA FLEX II, MFS REGATTA CHOICE II,

PROSPECTUSES DATED JULY 18, 2006
FOR MFS REGATTA CLASSIC, FUTURITY FOCUS, AND MFS REGATTA,

AND PROSPECTUSES DATED MAY 1, 2006
FOR SUN LIFE FINANCIAL MASTERS IV, SUN LIFE FINANCIAL MASTERS VII,
MFS REGATTA ACCESS, FUTURITY FOCUS II, MFS REGATTA FLEX FOUR,
FUTURITY SELECT FOUR, FUTURITY ACCOLADE, FUTURITY, COLUMBIA ALL-STAR,
COLUMBIA ALL-STAR EXTRA, COLUMBIA ALL-STAR FREEDOM,
COLUMBIA ALL-STAR TRADITIONS, FUTURITY SELECT FOUR PLUS,
FUTURITY SELECT INCENTIVE, FUTURITY SELECT FREEDOM, AND FUTURITY SELECT SEVEN

ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F

Effective October 1, 2008, we will no longer issue any new annuities under Section 403(b) of the Internal Revenue Code (so-called Section 403(b) annuities or tax-sheltered annuities, including Texas Optional Retirement Program annuities) (“TSAs”).  After December 31, 2008, we will no longer accept any additional Purchase Payments to any previously issued TSAs.

The Internal Revenue Service’s (“IRS”) comprehensive TSA regulations are effective January 1, 2009, and these regulations, subsequent IRS guidance, and/or the terms of an employer’s TSA plan impose new restrictions on TSAs, including restrictions on (1) the availability of hardship distributions and loans, (2) TSA exchanges within the same employer’s TSA plan, and (3) TSA transfers to another employer’s TSA plan.  You should consult with a qualified tax professional about how the regulations affect you and your TSA.

The TSA regulations provide that TSA hardship withdrawals will be subject to the IRS rules applicable to hardship distributions from 401(k) plans.  Specifically, if you have not terminated your employment or reached age 59½, you may be able to withdraw a limited amount of monies if you have an immediate and heavy financial need and the withdrawal amount is necessary to satisfy such financial need.  An immediate and heavy financial need may arise only from:

l
deductible medical expenses incurred by you, your spouse, or your dependents;
l
payments of tuition and related educational fees for the next 12 months of post-secondary education for you, your spouse, or your dependents;
l
costs related to the purchase of your principal residence (not including mortgage payments);
l
payment necessary to prevent eviction from your principal residence or foreclosure of the mortgage on your principal residence;
l
payments for burial or funeral expenses for your parent, spouse, children, or dependents; or
l
expenses for the repair of damage to your principal residence that would qualify for the federal income tax casualty deduction.

You will be required to represent in writing to us (1) that your specified immediate and heavy financial need cannot reasonably be relieved through insurance or otherwise, by liquidation of your assets, by ending any contributions you are making under your TSA plan, by other distributions and nontaxable loans under any of your qualified plans, or by borrowing from commercial sources and (2) that your requested withdrawal amount complies with applicable law, including the federal tax law limit.  And, unless your TSA was issued prior to September 25, 2007 and the only payments you made to such TSA were TSA funds you transferred directly to us from another TSA carrier (a “90-24 Transfer TSA”), your TSA employer also may need to agree in writing to your hardship request.  Hardship withdrawals are fully taxable, plus you may be required to pay a 10% federal income tax penalty.  A hardship withdrawal may not be repaid once taken.

If your TSA contains a provision that permits loans, you may request a loan but you will be required to represent in writing to us that your requested loan amount complies with applicable law, including the federal tax law limit.  And, unless your TSA is a 90-24 Transfer TSA, your TSA employer also may need to agree in writing to your loan request.

If you wish to transfer or exchange your TSA for another TSA within the same or different TSA plan, you will be able to do so only if the issuer of the new TSA certifies to us that the transfer or exchange is permissible under the TSA regulations and the applicable TSA plan.  Your TSA employer also may need to agree in writing to your transfer/exchange request.




Please retain this supplement with your prospectus for future reference.


 
 

 

SUPPLEMENT DATED MAY 1, 2008
TO

PROSPECTUSES DATED MAY 1, 2007
FOR REGATTA CHOICE II AND REGATTA FLEX II

PROSPECTUS DATED JULY 18, 2006
FOR MFS REGATTA CLASSIC

AND PROSPECTUSES DATED MAY 1, 2006
FOR SUN LIFE FINANCIAL MASTERS IV, SUN LIFE FINANCIAL MASTERS VII,
MFS REGATTA ACCESS, MFS REGATTA FLEX FOUR, AND MFS REGATTA

ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F



In the "Distribution of the Contracts" section, “National Association of Securities Dealers, Inc.” is replaced with “Financial Industry Regulatory Authority” and “NASD” is replaced with “FINRA”.




Please retain this supplement with your prospectus for future reference.


 
 

 

PROSPECTUS
MAY 1, 2006
MFS REGATTA FLEX-4

Sun Life Assurance Company of Canada (U.S.) and Sun Life of Canada (U.S.) Variable Account F offer the flexible payment deferred annuity contracts and certificates described in this Prospectus to groups and individuals.

You may choose among a number of variable investment options and fixed interest options. The variable options are Sub-Accounts in the Variable Account, each of which invests in one of the following fund options of the MFS/Sun Life Series Trust (the "Funds"):""

Large-Cap Value Equity Funds
Mid-Cap Blend Equity Funds
  MFS/ Sun Life Global Total Return - S Class
  MFS/ Sun Life Mid Cap Value - S Class
  MFS/ Sun Life International Value - S Class
Mid-Cap Growth Equity Funds
  MFS/ Sun Life Strategic Value - S Class
  MFS/ Sun Life Mid Cap Growth - S Class
  MFS/Sun Life Total Return - S Class
Small-Cap Growth Equity Funds
  MFS/ Sun Life Value - S Class
  MFS/ Sun Life New Discovery - S Class
Large-Cap Blend Equity Funds
Specialty Funds
  MFS/ Sun Life Core Equity - S Class
  MFS/ Sun Life Technology - S Class
  MFS/ Sun Life Capital Opportunities - S Class
  MFS/ Sun Life Utilities - S Class
  MFS/ Sun Life Emerging Markets Equity - S Class
High-Quality Intermediate-Term Bond Funds
  MFS/ Sun Life Massachusetts Investors Trust - S Class
  MFS/ Sun Life Government Securities - S Class
  MFS/ Sun Life Research - S Class
  MFS/ Sun Life Global Governments - S Class
  MFS/ Sun Life Research International - S Class
Medium-Quality Intermediate-Term Bond Funds
Large-Cap Growth Equity Funds
  MFS/ Sun Life Bond - S Class
  MFS/ Sun Life Capital Appreciation - S Class
  MFS/ Sun Life Strategic Income - S Class
  MFS/ Sun Life Emerging Growth - S Class
Low-Quality Intermediate-Term Bond Funds
  MFS/ Sun Life Global Growth - S Class
  MFS/ Sun Life High Yield - S Class
  MFS/ Sun Life International Growth - S Class
Money Market Funds
  MFS/ Sun Life Massachusetts Investors Growth
  MFS/ Sun Life Money Market - S Class
     Stock - S Class
 
  MFS/ Sun Life Strategic Growth - S Class
 

Massachusetts Financial Services Company serves as investment adviser to all of the Funds in the MFS/Sun Life Series Trust.

The fixed account options are available for specified time periods, called Guarantee Periods, and pay interest at a guaranteed rate for each period.

Please read this Prospectus and the Series Fund Prospectus carefully before investing and keep them for future reference. They contain important information about the Contracts and the Funds.

We have filed a Statement of Additional Information dated May 1, 2006 (the "SAI") with the Securities and Exchange Commission (the "SEC"), which is incorporated by reference in this Prospectus. The table of contents for the SAI is on page 44 of this Prospectus. You may obtain a copy without charge by writing to us at the address shown below (which we sometimes refer to as our "Annuity Mailing Address") or by telephoning (800) 752-7215. In addition, the SEC maintains a website (http:// www.sec.gov) that contains the SAI, material incorporated by reference, and other information regarding companies that file with the SEC.

The Contracts are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other agency.


 
 

 

The SEC has not approved or disapproved these securities or passed upon the accuracy or adequacy of this Prospectus. Any representation to the contrary is a criminal offense.

Any reference in this Prospectus to receipt by us means receipt at the following address:

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
P.O. BOX 9133
Wellesley Hills, Massachusetts 02481

 
 

 

TABLE OF CONTENTS

Special Terms [INSERT PAGE NUMBER]
Product Highlights [INSERT PAGE NUMBER]
Fees and Expenses [INSERT PAGE NUMBER]
Variable Account Annual Expenses [INSERT PAGE NUMBER]
Condensed Financial Information [INSERT PAGE NUMBER]
The Annuity Contract [INSERT PAGE NUMBER]
Communicating to Us About Your Contract [INSERT PAGE NUMBER]
Sun Life Assurance Company of Canada (U.S.) [INSERT PAGE NUMBER]
The Variable Account [INSERT PAGE NUMBER]
Variable Account Options: The Funds [INSERT PAGE NUMBER]
The Fixed Account [INSERT PAGE NUMBER]
The Fixed Account Options: The Guarantee Periods [INSERT PAGE NUMBER]
The Accumulation Phase [INSERT PAGE NUMBER]
Issuing Your Contract [INSERT PAGE NUMBER]
Amount and Frequency of Purchase Payments [INSERT PAGE NUMBER]
Allocation of Net Purchase Payments [INSERT PAGE NUMBER]
Your Account [INSERT PAGE NUMBER]
Your Account Value [INSERT PAGE NUMBER]
Variable Account Value [INSERT PAGE NUMBER]
Fixed Account Value [INSERT PAGE NUMBER]
Transfer Privilege [INSERT PAGE NUMBER]
Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates [INSERT PAGE NUMBER]
Other Programs [INSERT PAGE NUMBER]
Withdrawals, Withdrawal Charge and Market Value Adjustment [INSERT PAGE NUMBER]
Cash Withdrawals [INSERT PAGE NUMBER]
Withdrawal Charge [INSERT PAGE NUMBER]
Types of Withdrawals Not Subject to Withdrawal Charge [INSERT PAGE NUMBER]
Market Value Adjustment [INSERT PAGE NUMBER]
Contract Charges [INSERT PAGE NUMBER]
Administrative Expense Charge [INSERT PAGE NUMBER]
Mortality and Expense Risk Charge [INSERT PAGE NUMBER]
Charges For Optional Death Benefit Riders [INSERT PAGE NUMBER]
Premium Taxes [INSERT PAGE NUMBER]
Fund Expenses [INSERT PAGE NUMBER]
Modification in the Case of Group Contracts [INSERT PAGE NUMBER]
Death Benefit [INSERT PAGE NUMBER]
Amount of Death Benefit [INSERT PAGE NUMBER]
The Basic Death Benefit [INSERT PAGE NUMBER]
Optional Death Benefit Riders [INSERT PAGE NUMBER]
Selecting Multiple Death Benefit Riders [INSERT PAGE NUMBER]
Spousal Continuance [INSERT PAGE NUMBER]
Calculating the Death Benefit [INSERT PAGE NUMBER]
Method of Paying Death Benefit [INSERT PAGE NUMBER]
Non-Qualified Contracts [INSERT PAGE NUMBER]
Selection and Change of Beneficiary [INSERT PAGE NUMBER]
Payment of Death Benefit [INSERT PAGE NUMBER]
Due Proof of Death [INSERT PAGE NUMBER]
The Income Phase -- Annuity Provisions [INSERT PAGE NUMBER]
Selection of the Annuitant or Co-Annuitant [INSERT PAGE NUMBER]
Selection of the Annuity Commencement Date [INSERT PAGE NUMBER]
Annuity Options [INSERT PAGE NUMBER]
Selection of Annuity Option [INSERT PAGE NUMBER]
Amount of Annuity Payments [INSERT PAGE NUMBER]
Exchange of Variable Annuity Units [INSERT PAGE NUMBER]
Annuity Payment Rates [INSERT PAGE NUMBER]
Annuity Options as Method of Payment for Death Benefit [INSERT PAGE NUMBER]
Other Contract Provisions [INSERT PAGE NUMBER]
Exercise of Contract Rights [INSERT PAGE NUMBER]
Change of Ownership [INSERT PAGE NUMBER]
Voting of Fund Shares [INSERT PAGE NUMBER]
Periodic Reports [INSERT PAGE NUMBER]
Substitution of Securities [INSERT PAGE NUMBER]
Change in Operation of Variable Account [INSERT PAGE NUMBER]
Splitting Units [INSERT PAGE NUMBER]
Modification [INSERT PAGE NUMBER]
Discontinuance of New Participants [INSERT PAGE NUMBER]
Reservation of Rights [INSERT PAGE NUMBER]
Right to Return [INSERT PAGE NUMBER]
Tax Considerations [INSERT PAGE NUMBER]
U.S. Federal Income Tax Considerations [INSERT PAGE NUMBER]
Puerto Rico Tax Considerations [INSERT PAGE NUMBER]
Administration of the Contract [INSERT PAGE NUMBER]
Distribution of the Contract [INSERT PAGE NUMBER]
Performance Information [INSERT PAGE NUMBER]
Available Information [INSERT PAGE NUMBER]
Incorporation of Certain Documents by Reference [INSERT PAGE NUMBER]
State Regulation [INSERT PAGE NUMBER]
Legal Proceedings [INSERT PAGE NUMBER]
Financial Statements [INSERT PAGE NUMBER]
Table of Contents of Statement of Additional Information [INSERT PAGE NUMBER]
Appendix A -- Glossary [INSERT PAGE NUMBER]
Appendix B -- Market Value Adjustment [INSERT PAGE NUMBER]
Appendix C -- Calculation of Basic Death Benefit [INSERT PAGE NUMBER]
Appendix D -- Calculation of EEB Optional Death Benefit Rider [INSERT PAGE NUMBER]
Appendix E -- Calculation of Death Benefit When EEB and MAV and 5% Roll-Up Riders are Selected [INSERT PAGE NUMBER]
Appendix F -- Calculation of EEB Plus Optional Death Benefit [INSERT PAGE NUMBER]
Appendix G -- Calculation of EEB Plus with MAV Optional Death Benefit[INSERT PAGE NUMBER]
Appendix H -- Calculation of EEB Plus with 5% Roll-Up Optional Death Benefit                                                                                                                                          [INSERT PAGE NUMBER]
Appendix I -- Investment Options and Expenses for Initial Class Shares [INSERT PAGE NUMBER]
Appendix J -- Condensed Financial Information [INSERT PAGE NUMBER]


 
 

 

SPECIAL TERMS

Your Contract is a legal document that uses a number of specially defined terms. We explain most of the terms that we use in this Prospectus in the context where they arise, and some are self-explanatory. In addition, for convenient reference, we have compiled a list of these terms in the Glossary included at the back of this Prospectus as Appendix A. If, while you are reading this Prospectus, you come across a term that you do not understand, please refer to the Glossary for an explanation.

PRODUCT HIGHLIGHTS

The headings in this section correspond to headings in the Prospectus under which we discuss these topics in more detail.

The Annuity Contract

The MFS Regatta Flex-4 Fixed and Variable Annuity Contract provides a number of important benefits for your retirement planning.  During the Accumulation Phase, you make Payments under the Contract and allocate them to one or more Variable Account or Fixed Account options.  During the Income Phase, we make annuity payments to you or someone else based on the amount you have accumulated.  The Contract provides tax-deferral so that you do not pay taxes on your earnings until you withdraw them. When purchased in connection with a tax-qualified plan, the Contract provides no additional tax-deferral benefits because tax-qualified plans confer their own tax-deferral. The Contract also provides a basic death benefit if you die during the Accumulation Phase.  You may enhance the basic death benefit by purchasing one or more optional death benefit riders.

The Accumulation Phase

Under most circumstances, you can buy the Contract with an initial Purchase Payment of $10,000 or more, and you can make additional Purchase Payments at any time during the Accumulation Phase. Currently, there is no minimum amount required for additional Purchase Payments.  However, we reserve the right to limit additional Purchase Payments to at least $1,000. We will not normally accept a Purchase Payment if your Account Value is over $2 million or, if the Purchase Payment would cause your Account Value to exceed $2 million.

Variable Account Options:  The Funds

You can allocate your Purchase Payments among Sub-Accounts, each of which invests in a separate securities portfolio of the MFS/Sun Life Series Trust, an open-end management investment company registered under the Investment Company Act of 1940.  The investment returns on the Funds are not guaranteed.  You can make or lose money.  You can make transfers among the Funds and the Fixed Account Options.

The Fixed Account Options:  The Guarantee Periods

You can allocate your Purchase Payments to the Fixed Account and elect to invest in one or more of the Guarantee Periods we make available from time to time.  Each Guarantee Period earns interest at a Guaranteed Interest Rate that we publish.  We may change the Guaranteed Interest Rate from time to time, but no Guaranteed Interest Rate will ever be less than the minimum guaranteed interest rate permitted by law.  Once we have accepted your allocation to a particular Guarantee Period, we promise that the Guaranteed Interest Rate applicable to that allocation will not change for the duration of the Guarantee Period.  We may offer Guarantee Periods of different durations or stop offering some Guarantee Periods. Once we stop offering a Guarantee Period of a particular duration, future allocations or transfers into that Guarantee Period will not be permitted.

Fees and Expenses

The Contract has insurance features and investment features, and there are costs related to each.

If your Account Value is less than $100,000 on your Account Anniversary, we deduct a $50 Annual Account Fee.  We will waive the Account Fee if your Contract was fully invested in the Fixed Account during the entire Account Year.

We deduct a mortality and expense risk charge of 1.20% of the average daily value of the Contract invested in the Variable Account, if your initial Purchase Payment was less than $1,000,000, or 0.95% if your initial Purchase Payment was $1,000,000 or more.  We also deduct an administrative charge of 0.15% of the average daily value of the Contract invested in the Variable Account.  If you take more than a specified amount of money out of your Contract, we assess a withdrawal charge against each Purchase Payment withdrawn.  The withdrawal charge (also known as a "contingent deferred sales charge") starts at 6% in the first Contract year and declines to 0% after four years.

Currently, you can make 12 free transfers each year;  however, we reserve the right to impose a charge of up to $15 per transfer.

If you elect one or more of the optional death benefit riders, we will deduct, during the Accumulation Phase, an additional charge from the assets of the Variable Account ranging from 0.15% to 0.40% of the average daily value of your Contract depending upon which optional death benefit rider(s) you elect.

In addition to the charges we impose under the Contract, there are also charges (which include management fees and operating expenses) imposed by the Funds. The charges vary depending upon which Fund(s) you have selected.

The Income Phase:  Annuity Provisions

If you want to receive regular income from your annuity, you can select one of several Annuity Options. You can choose to receive annuity payments from either the Fixed Account or from the available Variable Account options.  If you choose to have any part of your annuity payments come from the Variable Account, the dollar amount of the payments may fluctuate with the performance of the Funds. Subject to the maximum Annuity Commencement Date, you decide when your Income Phase will begin but, once it begins, you cannot change your choice of annuity payment options.

Death Benefit

If you die before the Contract reaches the Income Phase, the Beneficiary will receive a death benefit.  The amount of the death benefit depends upon your age on the Contract Date and whether you choose the basic death benefit or, for a fee, you enhance the death benefit by electing one or more of the optional death benefit riders available in your state.  If you are 85 or younger on your Contract Date, the basic death benefit pays the greatest of your Account Value, your total Purchase Payments (adjusted for withdrawals), or your cash Surrender Value, all calculated as of your Death Benefit Date. If you are 86 or older on your Contract Date, the basic death benefit is equal to the Surrender Value. You must make your election before the date on which your Contract becomes effective. The riders are only available if you are younger than 80 on the Contract Date. Any optional death benefit rider election may not be changed after your Contract is issued.

Withdrawals, Withdrawal Charge and Market Value Adjustment

You can withdraw money from your Contract during the Accumulation Phase.  You may withdraw a portion of your Account Value each year without the imposition of a withdrawal charge. During the first four Account Years, this "free withdrawal amount" equals 10% of the amount of all Purchase Payments made.  All other amounts are subject to a withdrawal charge. Withdrawals made from the Fixed Account may also be subject to a Market Value Adjustment (see prospectus under "Market Value Adjustment"). You may also have to pay income taxes and tax penalties on money you withdraw.

Right to Return

Your Contract contains a "free look" provision.  If you cancel your Contract within 10 days after receiving it (or later if required by your state), we will send you, depending upon the laws of your state, either the full amount of all of your Purchase Payments or your Account Value as of the day we receive your cancellation request. (This amount may be more or less than the original Purchase Payment).  We will not deduct a withdrawal charge or a Market Value Adjustment.

Tax Considerations

Your earnings are not taxed until you take them out.  If you withdraw money during the Accumulation Phase, earnings come out first and are taxed as income.  If you are younger than 59 1/2 when you take money out, you may be charged a 10% federal tax penalty.
                                     

If you have any questions about your Contract or need more information, please contact us at:

         Sun Life Assurance Company of Canada (U.S.)
         P. O. Box 9133
         Wellesley Hills, Massachusetts  02481
         Toll Free (800) 752-7215


 
 

 

FEES AND EXPENSES

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract.

The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer cash value between investment options.

Contract Owner Transaction Expenses

 
Sales Load Imposed on Purchases (as a percentage of purchase payments):
 
0%
       
 
Maximum Withdrawal Charge (as a percentage of purchase payments):
 
6%*
       
 
Maximum Transfer Fee (currently $0):
 
$15**
       
 
Premium Taxes (as a percentage of Certificate Value or total purchase payments):
 
0% - 3.5%***

*
Number of Complete Account Years Since
Purchase Payment has been in the Account
 
Withdrawal Charge
 
0-1
6%
 
1-2
6%
 
2-3
5%
 
3-4
5%
 
4 or more
0%

 
A portion of your Account may be withdrawn each year without imposition of any withdrawal charge and, after a Purchase Payment has been in your Account for 4 Account Years, it may be withdrawn free of the withdrawal charge. (See "Withdrawal Charges.")
   
**
Currently, we impose no fee upon transfers; however, we reserve the right to impose a fee of up to $15 per transfer.  We do impose certain restrictions upon the number and frequency of transfers. (See "Transfer Privilege.")
   
***
The premium tax rate and base vary by state and the type of Certificate you own. Currently, we deduct premium taxes from Certificate Value upon full surrender (including a surrender for the death benefit) or annuitization. See "Deductions for Premium Taxes."

The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including Fund fees and expenses.

 
Annual Account Fee
$ 50*

Variable Account Annual Expenses
(as a percentage of average daily net Variable Account assets)

 
Mortality and Expense Risks Charge:
1.20%**
 
Administrative Expenses Charge:
0.15%
     
Total Variable Account Annual Expenses (without optional benefits):
1.35%

Charges for Optional Features

 
Maximum Charge for Optional Death Benefit Rider:
0.40%***
     
 
Total Variable Account Annual Expenses with
Maximum Charge for Optional Death Benefit Riders:
 
1.75%

*
The Annual Account Fee is waived if 100% of your Account Value has been allocated to the Fixed Account during the entire Account Year or if your Account Value is $100,000 or more in value on your Account Anniversary. (See "Account Fee.")
   
**
If your initial Purchase Payment is $100,000 or more, the mortality and expense risks charge will be 0.95% of average daily net Variable Account assets. (See "Mortality and Expense Risks Charge.")
   
***
The optional death benefit riders are defined under "Death Benefit."  The charge varies depending upon the rider selected as follows:

 
Rider(s) Elected
% of Average Daily Value
 
"EEB"
0.15%
 
"MAV"
0.15%
 
"5% Roll-Up"
0.15%
 
"EEB" and "MAV"
0.25%
 
"EEB" and "5% Roll-Up"
0.25%
 
"MAV" and "5% Roll-Up"
0.25%
 
"EEB Plus"
0.25%
 
"EEB" and "MAV" and "5% Roll-Up"
0.40%
 
"EEB Plus MAV"
0.40%
 
"EEB Plus 5% Roll-Up"
0.40%

The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract.  More detail concerning each Fund's fees and expenses is contained in the prospectus for each Fund.

 
Total Annual Fund Operating Expenses
Minimum
Maximum
 
(expenses as a percentage of average daily Fund net assets that are
deducted from Fund assets, including management fees, distribution
and/or service (12b-1) fees, and other expenses)
   
 
   Prior to any fee waiver or expense reimbursement*
0.85%
1.69%

*
The expenses shown are for the year ended December 31, 2005, and do not reflect any fee waiver or expense reimbursement.
   
 
The advisers and/or other service providers of certain Funds have agreed to reduce their fees and/or reimburse the Funds' expenses in order to keep the Funds' expenses below specified limits.  The expenses of certain Funds are reduced by contractual fee reduction and expense reimbursement arrangements that will remain in effect at least through April 30, 2007. The minimum and maximum Total Annual Fund Operating Expenses for all Funds after all fee reductions and expense reimbursements are 0.85% and 1.56%, respectively.  Each fee reduction and/or expense reimbursement arrangement is described in the relevant Fund's prospectus.

THE ABOVE EXPENSES FOR THE FUNDS WERE PROVIDED BY THE FUNDS.  WE HAVE NOT INDEPENDENTLY VERIFIED THE ACCURACY OF THE INFORMATION.

EXAMPLE

This Example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts.  These costs include Contract Owner transaction expenses, contract fees, variable account annual expenses, and Fund fees and expenses, and are based on a sample Contract with the maximum possible fees.

The Example assumes that you invest $10,000 in the Contract for the time periods indicated and that your Contract includes the maximum charges for optional benefits.  If these optional benefits were not elected or fewer options were elected, the expense figures shown below would be lower.  The Example also assumes that your investment has a 5% return each year and assumes the maximum fees and expenses of any of the Funds. For purposes of converting the annual contract fee to a percentage, the Example assumes an average Contract size of $50,000. In addition, this Example assumes no transfers were made and no premium taxes were deducted.  If these arrangements were considered, the expenses shown would be higher.  This Example also does not take into consideration any fee waiver or expense reimbursement arrangement of the Funds.  If these arrangements were taken into consideration, the expenses shown would be lower.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

 
 

 


(1)
If you surrender your Contract at the end of the applicable time period:

 
1 year
3 years
5 years
10 years
         
 
$905
$1,558
$1,836
$3,809

(2)
If you annuitize your Contract or if you do not surrender your Contract at the end of the applicable time period:

 
1 year
3 years
5 years
10 years
         
 
$357
$1,085
$1,836
$3,809

The fee table and example should not be considered a representation of past or future expenses and charges of the Sub-Accounts.  Your actual expenses may be greater or less than those shown.  The example does not include the deduction of state premium taxes, which may be assessed upon full surrender, death or annuitization, or any taxes and penalties you may be required to pay if you surrender the Contract. Similarly, the 5% annual rate of return assumed in the example is not intended to be representative of past or future investment performance.  For more information about Fund expenses, including a description of any applicable fee waiver or expense reimbursement arrangement, see the prospectuses for the Funds.

CONDENSED FINANCIAL INFORMATION

Historical information about the value of the units we use to measure the variable portion of your Contract ("Variable Accumulation Units") is included in the back of this Prospectus as Appendix J.

THE ANNUITY CONTRACT

Sun Life Assurance Company of Canada (U.S.) and Sun Life of Canada (U.S.) Variable Account F (the "Variable Account") offer the Contract to groups and individuals for use in connection with their retirement plans. The Contract is available on a group basis and, in certain states, may be available on an individual basis. We issue an Individual Contract directly to the individual Owner of the Contract. We issue a Group Contract to the Owner, covering all individuals participating under the Group Contract; each individual receives a Certificate that evidences his or her participation under the Group Contract.

In this Prospectus, unless we state otherwise, we refer to both the owners of Individual Contracts and participating individuals under Group Contracts as "Participants" and we address all Participants as "you"; we use the term "Contracts" to include Individual Contracts, Group Contracts, and Certificates issued under Group Contracts. For the purpose of determining benefits under both Individual Contracts and Group Contracts, we establish an Account for each Participant, which we will refer to as "your" Account or a "Participant Account."

Your Contract provides a number of important benefits for your retirement planning. It has an Accumulation Phase, during which you make payments under the Contract and allocate them to one or more Variable Account or Fixed Account options, and an Income Phase, during which we make annuity payments based on the amount you have accumulated. Your Contract provides tax deferral, so that you do not pay taxes on your earnings under your Contract until you withdraw them. However, if you purchase your Contract in connection with a tax-qualified plan, your purchase should be made for reasons other than tax-deferral.  Tax-qualified plans provide tax-deferral without the need for purchasing an annuity contract.

Your Contract also provides a basic death benefit if you die during the Accumulation Phase. You may enhance the basic death benefit by electing one or more optional death benefit riders and paying an additional charge for each optional death benefit rider you elect. Finally, if you so elect, during the Income Phase we will make annuity payments to you or someone else for life or for another period that you choose.

You choose these benefits on a variable or fixed basis or a combination of both. When you choose Variable Account investment options or a Variable Annuity option, your Account Value will change in response to changes in the return available from the different types of investments your select under your Contract. With these variable options, you assume all investment risk under your Contract. When you choose a Guarantee Period in our Fixed Account or a Fixed Annuity option, we assume the investment risk, except in the case of early withdrawals in the Accumulation Phase, where you bear the risk of unfavorable interest rate changes. You may also bear the risk that the interest rates we will offer in the future and the rates we will use in determining your Fixed Annuity may not exceed our minimum guaranteed rate. Our minimum guaranteed interest rate will never be less than that permitted by law.

The Contract is designed for use in connection with retirement and deferred compensation plans, some of which qualify for favorable federal income tax treatment under Sections 401, 403, 408 or 408A of the Internal Revenue Code. The Contract is also designed so that it may be used in connection with certain non-tax-qualified retirement plans, such as payroll savings plans and such other groups (trusteed or non-trusteed) as may be eligible under applicable law. We refer to Contracts used with plans that receive favorable tax treatment as "Qualified Contracts," and all other Contracts as "Non-Qualified Contracts." A qualified retirement plan generally provides tax-deferral regardless of whether the plan invests in an annuity contract.  A decision to purchase an annuity contract should not be based on the assumption that the purchase of an annuity contract is necessary to obtain tax-deferral benefits under a qualified retirement plan.

COMMUNICATING TO US ABOUT YOUR CONTRACT

All materials sent to us, including Purchase Payments, must be sent to our Annuity Mailing Address as set forth on the first page of this Prospectus. For all telephone communications, you must call (800) 752-7215.

Unless this Prospectus states differently, we will consider all materials sent to us and all telephone communications to be received on the date we actually receive them at our Annuity Mailing Address. However, we will consider all financial transactions, including Purchase Payments, withdrawal requests and transfer instructions, to be received on the next Business Day if we receive them (1) on a day that is not a Business Day or (2) after 4:00 p.m., Eastern Time.

When we specify that notice to us must be in writing, we reserve the right, at our sole discretion, to accept notice in another form.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

We are a stock life insurance company incorporated under the laws of Delaware on January 12, 1970. We do business in 49 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, and we have an insurance company subsidiary that does business in New York. Our Executive Office mailing address is One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481.

We are ""ultimately controlled by Sun Life Financial Inc. ("Sun Life Financial"). Sun Life Financial, a corporation organized in Canada, is a reporting company under the Securities Exchange Act of 1934 with common shares listed on the Toronto, New York, and Philippine stock exchanges.

THE VARIABLE ACCOUNT

We established the Variable Account as a separate account on July 13, 1989, pursuant to a resolution of our Board of Directors. The Variable Account funds the Contract and various other variable annuity and variable life insurance product contracts which we offer. These other products may have features, benefits and charges that are different from those under the Contract.

Under Delaware insurance law and the Contract, the income, gains or losses of the Variable Account are credited to or charged against the assets of the Variable Account without regard to the other income, gains, or losses of the Company. These assets are held in relation to the Contract and other variable annuity and variable life insurance contracts that provide benefits that vary in accordance with the investment performance of the Variable Account. Although the assets maintained in the Variable Account will not be charged with any liabilities arising out of any other business we conduct, all obligations arising under a Contract, including the promise to make annuity payments, are general corporate obligations of the Company.

The assets of the Variable Account are divided into Sub-Accounts. Each Sub-Account invests exclusively in shares of a specific Fund. All amounts allocated by you to a Sub-Account will be used to purchase Fund shares at their net asset value. Any and all distributions made by the Funds with respect to the shares held by the Variable Account will be reinvested to purchase additional Fund shares at their net asset value. Deductions will be made from the Variable Account for cash withdrawals, annuity payments, death benefits, Account Fees, Contract charges against the assets of the Variable Account for the assumption of mortality and expense risks, administrative expenses, optional benefit riders, and any applicable taxes. The Variable Account will be fully invested in Fund shares at all times.

VARIABLE ACCOUNT OPTIONS: THE FUNDS

The MFS/Sun Life Series Trust (the "Series Fund") is an open-end management investment company registered under the Investment Company Act of 1940. Our affiliate, Massachusetts Financial Services Company ("MFS"), serves as the investment adviser to the Series Fund.

The Series Fund is composed of a number of independent portfolios of securities, each of which has separate investment objectives and policies. Shares of the Series Fund are issued in a number of investment options (each, a "Fund"), each corresponding to one of the portfolios. Additional portfolios may be added to the Series Fund which may or may not be available for investment by the Variable Account.

Each Fund pays fees to MFS, as its investment adviser, for services rendered pursuant to investment advisory agreements. MFS also serves as investment adviser to each of the funds in the MFS Family of Funds, and to certain other investment companies established by MFS and/or us. MFS Institutional Advisers, Inc., a wholly-owned subsidiary of MFS, provides investment advice to substantial private clients. MFS and its predecessor organizations have a history of money management dating from 1924. MFS operates as an autonomous organization and the obligation of performance with respect to the investment advisory and underwriting agreements is solely that of MFS. We undertake no obligation in this regard.

MFS may serve as the investment adviser to other mutual funds which have similar investment goals and principal investment policies and risks as the Funds, and which may be managed by a Fund's portfolio manager(s). While a Fund may have many similarities to these other funds, its investment performance will differ from their investment performance. This is due to a number of differences between the Fund and these similar products, including differences in sales charges, expense ratios and cash flows.

The Series Fund also offers its shares to other separate accounts established by the Company and our New York subsidiary in connection with variable annuity and variable life insurance contracts. Although we do not anticipate any disadvantages to this arrangement, there is a possibility that a material conflict may arise between the interests of the Variable Account and one or more of the other separate accounts investing in the Series Fund. A conflict may occur due to differences in tax laws affecting the operations of variable life and variable annuity separate accounts, or some other reason. We and the Series Fund's Board of Trustees will monitor events for such conflicts, and, in the event of a conflict, we will take steps necessary to remedy the conflict, including withdrawal of the Variable Account from participation in the Fund which is involved in the conflict or substitution of shares of other Funds or other mutual funds.

More comprehensive information about the Series Fund and the management, investment objectives, policies, restrictions, expenses and potential risks of each Fund may be found in the current Series Fund prospectus. You should read the Series Fund prospectus carefully before investing. The prospectus and statement of additional information of the Series Fund is available by calling (800) 752-7215.

THE FIXED ACCOUNT

The Fixed Account is made up of all the general assets of the Company other than those allocated to any separate account. Amounts you allocate to Guarantee Periods become part of the Fixed Account, and are available to fund the claims of all classes of our customers, including claims for benefits under the Contracts.

We will invest the assets of the Fixed Account in those assets we choose that are allowed by applicable state insurance laws. In general, these laws permit investments, within specified limits and subject to certain qualifications, in federal, state and municipal obligations, corporate bonds, preferred and common stocks, real estate mortgages, real estate and certain other investments. We intend to invest primarily in investment-grade fixed income securities (i.e., rated by a nationally recognized rating service within the 4 highest grades) or instruments we believe are of comparable quality.

We are not obligated to invest amounts allocated to the Fixed Account according to any particular strategy, except as may be required by applicable state insurance laws. You will not have a direct or indirect interest in the Fixed Account investments.

THE FIXED ACCOUNT OPTIONS: THE GUARANTEE PERIODS

You may elect one or more Guarantee Period(s) from those we make available. From time to time, we may offer Guarantee Periods of different durations or stop offering some Guarantee Periods. Once we stop offering a Guarantee Period of a particular duration, allocations or transfers into that Guarantee Period will not be permitted. We publish Guaranteed Interest Rates for each Guarantee Period offered. We may change the Guaranteed Interest Rates we offer from time to time, but no Guaranteed Interest Rate will ever be less than the minimum guaranteed rate permitted by state law. Also, once we have accepted your allocation to a particular Guarantee Period, we promise that the Guaranteed Interest Rate applicable to that allocation will not change for the duration of the Guarantee Period.

We determine Guaranteed Interest Rates at our discretion. We do not have a specific formula for establishing the rates for different Guarantee Periods. Our determination will be influenced by the interest rates on fixed income investments in which we may invest amounts allocated to the Guarantee Periods. We will also consider other factors in determining these rates, including regulatory and tax requirements, sales commissions and administrative expenses borne by us, general economic trends and competitive factors. We cannot predict the level of future interest rates.

We may from time to time at our discretion offer special interest rates for new Purchase Payments that are higher than the rates we are then offering for renewals or transfers.

Early withdrawals from your allocation to a Guarantee Period, including cash withdrawals, transfers and commencement of an annuity option, may be subject to a Market Value Adjustment, which could decrease or increase the value of your Account. See "Withdrawals, Withdrawal Charge and Market Value Adjustment."

THE ACCUMULATION PHASE

During the Accumulation Phase of your Contract, you make payments into your Account, and your earnings accumulate on a tax-deferred basis. The Accumulation Phase begins with our acceptance of your first Purchase Payment and ends the Business Day before your Annuity Commencement Date. The Accumulation Phase will end sooner if you surrender your Contract or the Covered Person dies before the Annuity Commencement Date.

Issuing Your Contract

When you purchase a Contract, a completed Application and the initial Purchase Payment are sent to us for acceptance. When we accept an Individual Contract, we issue the Contract to you. When we accept a Group Contract, we issue the Contract to the Owner; we issue a Certificate to you as a Participant.

We will credit your initial Purchase Payment to your Account within 2 Business Days of receiving your completed Application. If your Application is not complete, we will notify you. If we do not have the necessary information to complete the Application within 5 Business Days, we will send your money back to you or ask your permission to retain your Purchase Payment until the Application is made complete. Then we will apply the Purchase Payment within 2 Business Days of when the Application is complete.

Amount and Frequency of Purchase Payments

The amount of Purchase Payments may vary; however, we will not accept an initial Purchase Payment of less than $10,000, and, although there is currently no minimum amount for additional Purchase Payments, we reserve the right to limit each additional Purchase Payment to at least $1,000. In addition, we will not accept a Purchase Payment if your Account Value is over $2 million, or if the Purchase Payment would cause your Account Value to exceed $2 million, unless we have approved the Payment in advance. Within these limits, you may make Purchase Payments at any time during the Accumulation Phase.

Allocation of Net Purchase Payments

You may allocate your Purchase Payments among the different Sub-Accounts and Guarantee Periods we offer, but we reserve the right to limit any allocation to a Guarantee Period to at least $1,000.

In your Application, you may specify the percentage of each Purchase Payment to be allocated to each Sub-Account or Guarantee Period. These percentages are called your allocation factors. Your allocation factors will remain in effect as long as your selected Sub-Accounts and Guarantee Periods continue to be available for investment. You may, however, change the allocation factors for future Purchase Payments by sending us notice of the change in a form acceptable to us. We will use your new allocation factors for the first Purchase Payment we receive with or after we have received notice of the change, and for all future Purchase Payments, until we receive another change notice.

Although it is currently not our practice, we may deduct applicable premium taxes or similar taxes from your Purchase Payments (see "Contract Charges -- Premium Taxes"). In that case, we will credit your Net Purchase Payment, which is the Purchase Payment minus the amount of those taxes.

Your Account

When we accept your first Purchase Payment, we establish an Account for you, which we maintain throughout the Accumulation Phase of your Contract.

Your Account Value

Your Account Value is the sum of the value of the 2 components of your Contract: the Variable Account portion of your Contract ("Variable Account Value") and the Fixed Account portion of your Contract ("Fixed Account Value"). These 2 components are calculated separately, as described below under "Variable Account Value" and "Fixed Account Value."

Variable Account Value

     Variable Accumulation Units

In order to calculate your Variable Account Value, we use a measure called a Variable Accumulation Unit for each Sub-Account. Your Variable Account Value is the sum of your Account Value in each Sub-Account, which is the number of your Variable Accumulation Units for that Sub-Account times the value of each Unit.

     Variable Accumulation Unit Value

The value of each Variable Accumulation Unit in a Sub-Account reflects the net investment performance of that Sub-Account. We determine that value once on each day that the New York Stock Exchange is open for trading, at the close of trading, which is currently 4:00 p.m., Eastern Time. (The close of trading is determined by the New York Stock Exchange.) We also may determine the value of Variable Accumulation Units of a Sub-Account on days the Exchange is closed if there is enough trading in securities held by that Sub-Account to materially affect the value of the Variable Accumulation Units. Each day we make a valuation is called a "Business Day." The period that begins at the time Variable Accumulation Units are valued on a Business Day and ends at that time on the next Business Day is called a "Valuation Period." On days other than Business Days, the value of a Variable Accumulation Unit does not change.

To measure these values, we use a factor -- which we call the "Net Investment Factor" -- which represents the net return on the Sub-Account's assets. At the end of any Valuation Period, the value of a Variable Accumulation Unit for a Sub-Account is equal to the value of that Sub-Account's Variable Accumulation Units at the end of the previous Valuation Period, multiplied by the Net Investment Factor. We calculate the Net Investment Factor by dividing (1) the net asset value of a Fund share held in the Sub-Account at the end of that Valuation Period, plus the per share amount of any dividend or capital gains distribution made by that Fund during the Valuation Period, by (2) the net asset value per share of the Fund share at the end of the previous Valuation Period; then, for each day in the Valuation Period, we deduct a factor representing the asset-based insurance charges (the mortality and expense risk charges and the administrative expense charge) plus any applicable asset-based charge for optional benefit riders. See "Contract Charges."

For a hypothetical example of how we calculate the value of a Variable Accumulation Unit, see the Statement of Additional Information.

     Crediting and Canceling Variable Accumulation Units

When we receive an allocation to a Sub-Account either from a Net Purchase Payment or a transfer of Account Value, we credit that amount to your Account in Variable Accumulation Units. Similarly, we cancel Variable Accumulation Units when you transfer or withdraw amounts from a Sub-Account, or when we deduct certain charges under the Contract. We determine the number of Units credited or canceled by dividing the dollar amount by the Variable Accumulation Unit value for that Sub-Account at the end of the Valuation Period during which the transaction or charge is effective.

Fixed Account Value

Your Fixed Account value is the sum of all amounts allocated to Guarantee Periods, either from Net Purchase Payments, transfers or renewals, plus interest credited on those amounts, and minus withdrawals, transfers out of Guarantee Periods, and any deductions for charges under the Contract taken from your Fixed Account Value.

A Guarantee Period begins the day we apply your allocation and ends when all calendar years (or months if the Guarantee Period is less than one year) in the Guarantee Period (measured from the end of the calendar month in which the amount was allocated to the Guarantee Period) have elapsed. The last day of the Guarantee Period is its Renewal Date.

Each additional Purchase Payment, transfer or renewal credited to your Fixed Account Value will result in a new Guarantee Period with its own Renewal Date. Amounts allocated at different times to Guarantee Periods of the same duration may have different Renewal Dates.

     Crediting Interest

We credit interest on amounts allocated to a Guarantee Period at the applicable Guaranteed Interest Rate for the duration of the Guarantee Period. During the Guarantee Period, we credit interest daily at a rate that yields the Guaranteed Interest Rate on an annual effective basis.

     Guarantee Amounts

Each separate allocation you make to a Guarantee Period, together with interest credited thereon, is called a Guarantee Amount. Each Guarantee Amount is treated separately for purposes of determining the Market Value Adjustment. We may restrict a Guarantee Period that extends beyond your maximum Annuity Commencement Date. Renewals into a Guarantee Period that will extend beyond your maximum Annuity Commencement Date will result in an application of a Market Value Adjustment upon annuitization or withdrawals. We reserve the right to limit each new allocation to a Guarantee Period to at least $1,000.

     Renewals

We will notify you in writing between 45 and 75 days before the Renewal Date for any Guarantee Amount. If you would like to change your Fixed Account option, we must receive from you prior to the Renewal Date:

l
written notice electing a different Guarantee Period from among those we then offer, or
   
l
written instructions to transfer the Guarantee Amount to one or more Sub-Accounts, in accordance with the transfer privilege provisions of the Contract (see "Transfer Privilege.")

If we receive no instructions from you prior to the Renewal Date, we will automatically renew your Fixed Account allocation into a new Guarantee Period of the same duration as the last Guarantee Period. A Guarantee Amount will not renew into a Guarantee Period that will extend beyond your aaximum Annuity Commencement Date. In that case, unless you notify us otherwise, we will automatically transfer your Guarantee Amount into the next available Guarantee Period.

     Early Withdrawals

If you withdraw, transfer, or annuitize an allocation from a Guarantee Period 30 days prior to the Renewal Date, we will apply a Market Value Adjustment to the transaction. This could result in an increase or a decrease of your Account Value, depending on interest rates at the time. You bear the risk that you will receive less than your principal if the Market Value Adjustment applies.

Transfer Privilege

     Permitted Transfers

During the Accumulation Phase, you may transfer all or part of your Account Value to one or more Sub-Accounts or Guarantee Periods then available, subject to the following restrictions:

l
you may not make more than 12 transfers in any Account Year;
   
l
the amount transferred from a Guarantee Period must be the entire Guarantee Amount, except for transfers of interest credited during the current Account Year;
   
l
at least 30 days must elapse between transfers to and from Guarantee Periods;
   
l
transfers to or from Sub-Accounts are subject to terms and conditions that may be imposed by the Funds; and
   
l
we impose additional restrictions on market timers, which are further described below.

These restrictions do not apply to transfers made under any approved Optional Program. At our discretion, we may waive some or all of these restrictions.

We reserve the right to waive these restrictions and exceptions at any time.  Any change will be applied uniformly.  We will notify you of any change prior to its effectiveness.

There is usually no charge imposed on transfers; however, we reserve the right to impose a transfer charge of $15 for each transfer. Transfers out of a Guarantee Period more than 30 days before the Renewal Date or any time after the Renewal Date will be subject to the Market Value Adjustment described below. Under current law, there is no tax liability for transfers.

     Requests for Transfers

You may request transfers in writing or by telephone. If the request is by telephone, it must be made before the earlier of (a) 4:00 p.m. Eastern Time on a Business Day, or (b) the close of the New York Stock Exchange on days that the Stock Exchange closes before 4:00 p.m. The telephone transfer privilege is available automatically during regular business hours before 4:00 p.m. Eastern Time, and does not require your written election. We will require personal identifying information to process a request for a transfer made by telephone. We will not be liable for following instructions communicated by telephone that we reasonably believe are genuine.

Your transfer request will be effective as of the close of the Business Day if we receive your transfer request before the earlier of (a) 4:00 p.m. Eastern Time on a Business Day, or (b) the close of the New York Stock Exchange on days that the Stock Exchange closes before 4:00 p.m. Otherwise, your transfer request will be effective on the next Business Day.

     Short-Term Trading

The Contracts are not designed for short-term trading.  If you wish to employ such strategies, do not purchase a Contract. Transfer limits and other restrictions, described below, are subject to our ability to monitor transfer activity.  Some Contract Owners and their third party intermediaries engaging in short-term trading may employ a variety of strategies to avoid detection.  Despite our efforts to prevent short-term trading, there is no assurance that we will be able to identify such Contract Owners or intermediaries or curtail their trading.  A failure to detect and curtail short-term trading could result in adverse consequences to the Contract Owners.  Short-term trading can increase costs for all Contract Owners as a result of excessive portfolio transaction fees.  In addition, short-term trading can adversely affect a Fund's performance.  If large amounts of money are suddenly transferred out of a Fund, the Fund's investment adviser cannot effectively invest in accordance with the Fund's investment objectives and policies.

The Company has policies and procedures to discourage frequent transfers of contract value.  As described above under "Transfer Privilege," such policies include limiting the number and timing of certain transfers, subject to exceptions described in that section and exceptions designed to protect the interests of individual Contract Owners.  The Company also reserves the right to charge a fee for transfers.

Short-term trading activities whether by the Contract Owner or a third party authorized to initiate transfer requests on behalf of Contract Owner(s) may be subject to other restrictions as well. For example, we reserve the right to take actions against short-term trading which restrict your transfer privileges more narrowly than the policies described under "Transfer Privilege", such as requiring transfer requests to be submitted in writing through regular first-class U.S. mail (e.g. no overnight, priority, or courier delivery allowed) and refusing any and all transfer instructions.

If we determine that a third party acting on your behalf is engaging (alone or in combination with transfers effected by you directly) in a pattern of short-term trading, we may refuse to process certain transfers requested by such a third party.  We impose additional administrative restrictions on third parties that engage in transfers of Contract Values on behalf of multiple Contract Owners at one time. Specifically, we limit the form of such large group transfers to fax or mail delivery only, require the third party to provide us with advance notice of any possible large group transfer so that we can have additional staff ready to process the request, and require that the amount transferred out of a Sub-Account for each Contract Owner be equal to 100% of that Contract Owner's value in the Sub-Account.

We will provide you written notification of any restrictions imposed.

In addition, some of the Funds impose, or reserve the right to impose, additional restrictions on transfers if the Fund's short-term trading strategy is more restrictive than the Company's policy.  Accordingly, the Variable Account may not be in a position to effectuate some transfers with such Funds and, therefore, will be unable to process such transfer requests.  We also reserve the right to refuse requests involving transfers to or from the Fixed Account.

 We reserve the right to waive short-term trading restrictions, where permitted by law and not adverse to the interests of the relevant underlying Fund and other shareholders, in the following instances:

l
when a new broker of record is designated for the Contract;
   
l
when the Participant changes;
   
l
when control of the Contract passes to the designated beneficiary upon the death of the Participant or Annuitant;
   
l
when necessary in our view to avoid hardship to a Participant; or
   
l
when underlying Funds are dissolved or merged or substituted.

If short-term trading results as a consequence of waiving the restrictions against short-term trading, it could expose Contract Owners to certain risks.  The short-term trading could increase costs for all Contract Owners as a result of excessive portfolio transaction fees.  In addition, the short-term trading could adversely affect a Fund's performance.  If large amounts of money are suddenly transferred out of a Fund, the Fund's investment adviser cannot effectively invest in accordance with the Fund's investment objectives and policies.  Unless the short-term trading policy and the permitted waivers of that policy are applied uniformly, some Contract Owners may experience a different application of the policy and therefore may experience some of the risks. We uniformly apply the short-term trading policy and the permitted waivers of that policy to all Contracts. If we did not do so, some Contract Owners could experience a different application of the policy and therefore may be treated unfairly. Too much discretion on our part in allowing the waivers of short-term trading policy could result in an unequal treatment of short-term traders by permitting some short-term traders to engage in short-term trading while prohibiting others from doing the same.
'
Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates

We may reduce or waive the withdrawal charge, mortality and expense risk charges, the administrative service fee or the annual Account Fee, credit additional amounts, grant special Guaranteed Interest Rates in certain situations. These situations may include sales of Contracts (1) where selling and/or maintenance costs associated with the Contracts are reduced, such as the sale of several Contracts to the same Participant, sales of large Contracts, and certain group sales, and (2) to officers, directors and employees of the Company or its affiliates, registered representatives and employees of broker-dealers with a current selling agreement with the Company and affiliates of such representatives and broker-dealers, employees of affiliated asset management firms, and persons who have retired from such positions ("Eligible Employees") and immediate family members of Eligible Employees. Eligible Employees and their immediate family members may also purchase a Contract without regard to minimum Purchase Payment requirements. For other situations in which withdrawal charges may be waived, see "Withdrawals, Withdrawal Charge and Market Value Adjustment."

Other Programs

You may participate in any of the following optional programs free of charge.  Transfers made pursuant to the provisions of the following optional programs will not be charged a transfer fee, nor will such transfers count as one of the 12 free transfers per year allowed under the section entitled "Transfer Privilege."

     Dollar-Cost Averaging

Dollar-cost averaging allows you to invest gradually, over time, in up to 12 Sub-Accounts. You may select a dollar-cost averaging program at no extra charge by allocating a minimum amount to a designated Sub-Account or to a Guarantee Period we make available in connection with the program. (We reserve the right to limit minimum investments to at least $1,000.)

Amounts allocated to the Fixed Account under the program will earn interest at a rate declared by the Company for the Guarantee Period you select. Previously applied amounts may not be transferred to a Guarantee Period made available in connection with this program. At regular time intervals, we will transfer the same amount automatically to one or more Sub-Accounts that you choose, up to a maximum of 12 Sub-Accounts. The program continues until your Account Value allocated to the program is depleted or you elect to stop the program. The final amount transferred from the Fixed Account will include all interest earned.

No Market Value Adjustment (either positive or negative) will apply to amounts automatically transferred from the Fixed Account under the dollar-cost averaging program. However, if you discontinue or alter the program prior to completion, amounts remaining in the Fixed Account will be transferred to the Money Market Fund investment option under the Contract, unless you instruct us otherwise, and the Market Value Adjustment will be applied. Any new allocation of a Purchase Payment to the program will be treated as commencing a new dollar-cost averaging program and may be subject to the minimum.

The main objective of a dollar-cost averaging program is to minimize the impact of short-term price fluctuations on Account Value. In general, since you transfer the same dollar amount to the variable investment options at set intervals, dollar-cost averaging allows you to purchase more Variable Accumulation Units (and, indirectly, more Fund shares) when prices are low and fewer Variable Accumulation Units (and, indirectly, fewer Fund shares) when prices are high. Therefore, you may achieve a lower average cost per Variable Accumulation Unit over the long term. A dollar-cost averaging program allows you to take advantage of market fluctuations. However, it is important to understand that a dollar-cost averaging program does not insure a profit or protect against loss in a declining market. We do not allow transfers into any of the Guarantee Periods.

     Asset Allocation

One or more asset allocation programs may be available in connection with the Contract, at no extra charge. Asset allocation is the process of investing in different asset classes -- such as equity funds, fixed income funds, and money market funds -- depending on your personal investment goals, tolerance for risk, and investment time horizon. By spreading your money among a variety of asset classes, you may be able to reduce the risk and volatility of investing, although there are no guarantees, and asset allocation does not insure a profit or protect against loss in a declining market.

Currently, you may select one of the available asset allocation models, each of which represents a combination of Sub-Accounts with a different level of risk. These models, as well as the terms and conditions of the asset allocation program, are fully described in a separate brochure. We may add or delete programs in the future.

Our asset allocation programs are "static" programs.  That is to say, if you elect an asset allocation program, we automatically rebalance your Account Value among the Sub-Accounts represented in the model you chose, but we do not change your original percentage allocations among the Sub-Accounts in your chosen model, unless you advise us to do so. Nevertheless, we have selected an independent third-party administrator who reviews the existing models annually to determine whether the investment objective of the model is being met in light of changing markets.  Based upon this review, the third-party administrator may recommend that new models be substituted for the existing models.  If so, the new models will only be offered to Contracts issued on or after the date the new model goes into effect or to Owners who elect an asset allocation program on or after that date.  Owners of any existing asset allocation programs may make an independent decision to change their asset allocations at any time.  You should consult your financial adviser periodically to consider whether the model you have selected is still appropriate for you.

     Systematic Withdrawal Program

You may select our Systematic Withdrawal Program.

Under this program, you determine the amount and frequency of regular withdrawals you would like to receive from your Fixed Account Value and/or Variable Account Value and we will effect them automatically. The withdrawals under this program may be subject to surrender charges or a Market Value Adjustment. They may also be included as income and subject to a 10% federal tax penalty. You should consult a qualified tax professional before choosing this option. We reserve the right to limit the election of this program to Contracts with a minimum Account Value of $10,000.

You may change or stop this program at any time, by written notice to us.

     Portfolio Rebalancing Program

Under the Portfolio Rebalancing Program, we transfer funds among all Sub-Accounts to maintain the percentage allocation you have selected among these Sub-Accounts. At your election, we will make these transfers on a quarterly, semi-annual or annual basis.

Portfolio Rebalancing does not permit transfers to or from any Guarantee Period.

     Secured Future Program

Under the Secured Future Program, we divide your Purchase Payments between the Fixed Account and the Variable Account. For the Fixed Account portion, you choose a Guarantee Period from among those we offer. We then allocate to that Guarantee Period the portion of your Purchase Payment necessary so that, at the end of the Guarantee Period, your Fixed Account allocation, including interest, will equal the entire amount of your original Purchase Payment. The remainder of the original Purchase Payment will be invested in the Sub-Accounts of your choice. At the end of the Guarantee Period, you will be guaranteed the amount of your original Purchase Payment (assuming no withdrawals or transfers), plus you will have the benefit, if any, of the investment performance of the Sub-Accounts you have chosen.

WITHDRAWALS, WITHDRAWAL CHARGE AND MARKET VALUE ADJUSTMENT

Cash Withdrawals

     Requesting a Withdrawal

At any time during the Accumulation Phase, you may withdraw in cash all or any portion of your Account Value. To make a withdrawal, other than a Systematic Withdrawal, you must send us a written request at our Annuity Mailing Address. Your request must specify whether you want to withdraw the entire amount of your Account or, if less, the amount you wish to receive.

All withdrawals may be subject to a withdrawal charge (see "Withdrawal Charge"), and withdrawals from your Fixed Account Value also may be subject to a Market Value Adjustment (see "Market Value Adjustment"). Withdrawals also may have adverse income tax consequences, including a 10% penalty tax (see "Tax Considerations"). You should carefully consider these tax consequences before requesting a cash withdrawal.

     Full Withdrawals

If you request a full withdrawal, we calculate the amount we will pay you as follows: We start with the total value of your Account at the end of the Valuation Period during which we receive your withdrawal request; we deduct the Account Fee, if applicable, for the Account Year in which the withdrawal is made; we add or subtract the amount of any Market Value Adjustment applicable to your Fixed Account Value; and finally, we deduct any applicable withdrawal charge.

A full withdrawal results in the surrender of your Contract, and cancellation of all rights and privileges under your Contract.

     Partial Withdrawals

Unless you specify otherwise, when you request a partial withdrawal, we will deduct the actual amount specified in your request and then adjust the value of your Account by deducting the amount paid, adding or deducting any Market Value Adjustment applicable to amounts withdrawn from the Fixed Account, and deducting any applicable withdrawal charge.

You may specify the amount you want withdrawn from each Sub-Account and/or Guarantee Amount to which your Account is allocated. If you do not so specify, we will deduct the total amount you request pro rata, based on your Account Value at the end of the Valuation Period during which we receive your request.

Partial withdrawals may affect the death benefit amount.  In calculating the amount payable under the death benefit, we may reduce the benefit amount to an amount equal to the benefit amount payable immediately before withdrawal multiplied by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal.  (See "Calculating the Death Benefit.")

If you request a partial withdrawal that would result in your Account Value being reduced to an amount less than the Account Fee for the Account Year in which you make the withdrawal, we reserve the right to treat it as a request for a full withdrawal.

     Time of Payment

We will pay you the applicable amount of any full or partial withdrawal within 7 days after we receive your withdrawal request, except in cases where we are permitted, and choose, to defer payment under the Investment Company Act of 1940 and applicable state insurance law. Currently, we may defer payment of amounts you withdraw from the Variable Account only for the following periods:

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when the New York Stock Exchange is closed (except weekends and holidays) or when trading on the New York Stock Exchange is restricted;
   
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when it is not reasonably practical to dispose of securities held by a Fund or to determine the value of the net assets of a Fund, because an emergency exists; or
   
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when an SEC order permits us to defer payment for the protection of Participants.

We also may defer payment of amounts you withdraw from the Fixed Account for up to 6 months from the date we receive your withdrawal request. We do not pay interest on the amount of any payments we defer.

     Withdrawal Restrictions for Qualified Plans

If your Contract is a Qualified Contract, you should carefully check the terms of your retirement plan for limitations and restrictions on cash withdrawals.

Special restrictions apply to withdrawals from Contracts used for Section 403(b) annuities. (See "Tax Considerations -- Tax-Sheltered Annuities.")

Withdrawal Charge

We do not deduct any sales charge from your Purchase Payments when they are made. However, we may impose a withdrawal charge (known as a "contingent deferred sales charge") on certain amounts you withdraw. We impose this charge to defray some of our expenses related to the sale of the Contracts, such as commissions we pay to agents, the cost of sales literature, and other promotional costs and transaction expenses.

     Free Withdrawal Amount

In each Account Year you may withdraw a portion of your Account Value -- which we call the "free withdrawal amount" -- before incurring the withdrawal charge.

The "free withdrawal amount" is equal to 10% of the amount of all Purchase Payments you have made. After the fourth Account Anniversary, any amount you withdraw is free of withdrawal charges.

The "free withdrawal amount" that you do not use in an Account Year is not cumulative. In other words, it will not be carried forward or available for use in future Account Years.

For an example of how we calculate the "free withdrawal amount," see Appendix B.

     Withdrawal Charge on Purchase Payments

If you withdraw more than the free withdrawal amount in any Account Year, we consider the excess amount to be withdrawn first from Payments that you have not previously withdrawn. We impose the withdrawal charge on the amount of these Payments. Thus, the maximum amount on which we will impose the withdrawal charge in any year will never be more than the total of all Payments that you have not previously withdrawn.

The amount of your withdrawal, if any, that exceeds the total of the free withdrawal amount plus the aggregate amount of all Payments not previously withdrawn, is not subject to the withdrawal charge.

     Order of Withdrawal

When you take a withdrawal, we consider the free withdrawal amount to be withdrawn first. We consider Purchase Payments that you have not already withdrawn to be withdrawn next. Once all Purchase Payments are withdrawn, the balance withdrawn is considered to be earnings and is not subject to a withdrawal charge.

     Calculation of Withdrawal Charge

We calculate the amount of the withdrawal charge by multiplying the amount you withdraw by a percentage. As set forth below, the percentage decreases according to the number of complete Account Years since your Contract Date. After your fourth Account Anniversary, any amount you withdraw is free of withdrawal charges.

 
Number of Account Years
 
 
Since Your
Withdrawal
 
Contract Date
Charge
 
0-1
6%
 
1-2
6%
 
2-3
5%
 
3-4
5%
 
4 or more
0%

The withdrawal charge will never be greater than 6% of the excess of your Account Value over the "free withdrawal amount," as defined above.

For a Group Contract, we may modify the withdrawal charges and limits, upon notice to the Owner of the Group Contract. However, any modification will apply only to Accounts established after the date of the modification.

For additional examples of how we calculate withdrawal charges, see Appendix B.

Types of Withdrawals Not Subject to Withdrawal Charge

     Nursing Home Waiver

If approved by your state, we will waive the withdrawal charge for a full withdrawal if:

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at least one year has passed since we issued your Contract, and
   
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you are confined to an eligible nursing home and have been confined there for at least the preceding 180 days, or any shorter period required by your state.

An "eligible nursing home" means a licensed hospital or licensed skilled or intermediate care nursing facility at which medical treatment is available on a daily basis and daily medical records are kept for each patient. You must provide us evidence of confinement in the form we determine.

     Minimum Distributions

For each Qualified Contract, the free withdrawal amount in any Account Year will be the greater of the free withdrawal amount described above or any amounts required to be withdrawn to comply with the minimum distribution requirement of the Internal Revenue Code. This waiver of the withdrawal charge applies only to the portion of the required minimum distribution attributable to that Qualified Contract.

     Other Withdrawals

We do not impose the withdrawal charge on amounts you apply to provide an annuity, amounts withdrawn from a Non-Qualified Contract as part of our non-qualified stretch program, amounts we pay as a death benefit, except under the Cash Surrender method, or amounts you transfer among the Sub-Accounts, between the Sub-Accounts and the Fixed Account, or within the Fixed Account.

Market Value Adjustment

If permitted under the laws of your state, we will apply a Market Value Adjustment if you withdraw or transfer amounts from your Fixed Account Value more than 30 days before the end of the applicable Guarantee Period. For this purpose, using Fixed Account Value to provide an annuity is considered a withdrawal, and the Market Value Adjustment will apply. However, we will not apply the Market Value Adjustment to automatic transfers to a Sub-Account from a Guarantee Period as part of our dollar-cost averaging program.

We apply the Market Value Adjustment separately to each Guarantee Amount in the Fixed Account, that is to each separate allocation you have made to a Guarantee Period together with interest credited on that allocation. However, we do not apply the adjustment to the amount of interest credited during your current Account Year. Any withdrawal from a Guarantee Amount is attributed first to such interest.

A Market Value Adjustment may decrease, increase or have no effect on your Account Value. This will depend on changes in interest rates since you made your allocation to the Guarantee Period and the length of time remaining in the Guarantee Period. In general, if the Guaranteed Interest Rate we currently declare for Guarantee Periods equal to the balance of your Guarantee Period (or your entire Guarantee Period for Guarantee Periods of less than one year) is higher than your Guaranteed Interest Rate, the Market Value Adjustment is likely to decrease your Account Value. If our current Guaranteed Interest Rate is lower, the Market Value Adjustment is likely to increase your Account Value.

We determine the amount of the Market Value Adjustment by multiplying the amount that is subject to the adjustment by the following formula:

[(1 + I) / (1 + J + b)] ^ (N/12)   -1

where:

I
is the Guaranteed Interest Rate applicable to the Guarantee Amount from which you withdraw, transfer or annuitize;
   
J
is the Guaranteed Interest Rate we declare at the time of your withdrawal, transfer or annuitization for Guarantee Periods equal to the length of time remaining in the Guarantee Period applicable to your Guarantee Amount, rounded to the next higher number of complete years, for Guarantee Periods of one year or more. For any Guarantee Periods of less than one year, J is the Guaranteed Interest Rate we declare at the time of your withdrawal, transfer or annuitization for a Guarantee Period of the same length as your Guarantee Period. If, at that time, we do not offer the applicable Guarantee Period we will use an interest rate determined by straight-line interpolation of the Guaranteed Interest Rates for the Guarantee Periods we do offer;
   
N
is the number of complete months remaining in your Guarantee Period; and
   
b
is a factor that currently is 0%, but that in the future we may increase to up to 0.25%. Any increase would be applicable only to Participants who purchase their Contracts after the date of that increase. The "b" factor is the amount that will be used to cover market volatility (i.e., credit risk), basis risk, and/or liquidity costs.

We will apply the Market Value Adjustment to the amount being withdrawn after deduction of any Account Fee, if applicable, but before we impose any withdrawal charge on the amount withdrawn.

For examples of how we calculate the Market Value Adjustment, see Appendix B.

CONTRACT CHARGES

Account Fee

During the Accumulation Phase of your Contract, we will deduct from your Account an annual Account Fee of $50 to help cover the administrative expenses we incur related to the issuance of Contracts and the maintenance of Accounts. We deduct the Account Fee on each Account Anniversary. We deduct the Account Fee pro rata from each Sub-Account and each Guarantee Period, based on the allocation of your Account Value on your Account Anniversary.

We will not charge the Account Fee if:

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your Account Value has been allocated only to the Fixed Account during the applicable Account Year; or
   
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your Account Value is $100,000 or more on your Account Anniversary.

If you make a full withdrawal of your Account, we will deduct the full amount of the Account Fee at the time of the withdrawal. In addition, on the Annuity Commencement Date we will deduct a pro rata portion of the Account Fee to reflect the time elapsed between the last Account Anniversary and the day before the Annuity Commencement Date.

After the Annuity Commencement Date, we will deduct an annual Account Fee of $50 in the aggregate in equal amounts from each Variable Annuity payment we make during the year. We do not deduct any Account Fee from Fixed Annuity payments.

Administrative Expense Charge

We deduct an administrative expense charge from the assets of the Variable Account at an annual effective rate equal to 0.15% during both the Accumulation Phase and the Income Phase. This charge is designed to reimburse us for expenses we incur in administering the Contracts, Participant Accounts and the Variable Account that are not covered by the annual Account Fee.

Mortality and Expense Risk Charge

During the Accumulation Phase, we deduct a mortality and expense risk charge from the assets of the Variable Account at an effective annual rate equal to 1.20%, if your initial Purchase Payment was less than $1,000,000, or 0.95% if your initial Purchase Payment was $1,000,000 or more. The mortality risk we assume arises from our contractual obligation to continue to make annuity payments to each Annuitant, regardless of how long the Annuitant lives and regardless of how long all Annuitants as a group live. This obligation assures each Annuitant that neither the longevity of fellow Annuitants nor an improvement in life expectancy generally will have an adverse effect on the amount of any annuity payment received under the Contract. The mortality risk also arises from our contractual obligation to pay a death benefit upon the death of the Participant prior to the Annuity Commencement Date. The expense risk we assume is the risk that the annual Account Fee and the administrative expense charge we assess under the Contract may be insufficient to cover the actual total administrative expenses we incur. If the amount of the charge is insufficient to cover the mortality and expense risks, we will bear the loss. If the amount of the charge is more than sufficient to cover the risks, we will make a profit on the charge. We may use this profit for any proper corporate purpose, including the payment of marketing and distribution expenses for the Contract.

Charges for Optional Death Benefit Riders

If you elect an optional death benefit rider, we will deduct, during the Accumulation Phase, a charge from the assets of the Variable Account depending upon which of the optional death benefit rider(s) you elect.

   
% of Average
 
Rider(s) You Elect*
Daily Value
 
"EEB"
0.15%
 
"MAV"
0.15%
 
"5% Roll-Up"
0.15%
 
"EEB" and "MAV"
0.25%
 
"EEB" and "5% Roll-Up"
0.25%
 
"MAV" and "5% Roll-Up"
0.25%
 
"EEB Plus"
0.25%
 
"EEB" and "MAV" and "5% Roll-Up"
0.40%
 
"EEB Plus MAV"
0.40%
 
"EEB Plus 5% Roll-Up"
0.40%
                                                                                          
                                    *As defined below

Premium Taxes

Some states and local jurisdictions impose a premium tax on us that is equal to a specified percentage of the Purchase Payments you make. In many states there is no premium tax. We believe that the amounts of applicable premium taxes currently range from 0% to 3.5%. You should consult a qualified tax professional to find out if your state imposes a premium tax and the amount of any tax.

In order to reimburse us for the premium tax we may pay on Purchase Payments, our policy is to deduct the amount of such taxes from the amount you apply to provide an annuity at the time of annuitization. However, we reserve the right to deduct the amount of any applicable tax from your Account at any time, including at the time you make a Purchase Payment or make a full or partial withdrawal. We do not make any profit on the deductions we make to reimburse premium taxes.

Fund Expenses

There are fees and charges deducted from each Fund. These fees and expenses are described in the Fund prospectus(es) and related Statements of Additional Information.

Modification in the Case of Group Contracts

For Group Contracts, we may modify the annual Account Fee, the administrative expense charge and the mortality and expense risk charge upon notice to Owners. However, such modification will apply only with respect to Participant Accounts established after the effective date of the modification.

DEATH BENEFIT

If the Covered Person dies during the Accumulation Phase, we will pay a death benefit to the designated Beneficiary(ies), using the payment method elected (a single cash payment or one of our Annuity Options). If the Beneficiary is not living on the date of death of the Covered Person, we will pay the death benefit in one sum to your estate. We do not pay a death benefit if the Covered Person dies during the Income Phase. However, the Beneficiary will receive any annuity payments provided under an Annuity Option that is in effect. If the Contract names more than one Covered Person, we will pay the death benefit upon the first death of such Covered Persons.

Amount of Death Benefit

To calculate the amount of the death benefit, we use a "Death Benefit Date." The Death Benefit Date is the date we receive proof of the death of the Covered Person in an acceptable form ("Due Proof of Death") if you have elected a death benefit payment method before the death of the Covered Person and it remains in effect. Otherwise, the Death Benefit Date is the later of the date we receive Due Proof of Death or the date we receive the Beneficiary's election of either payment method or, if the Beneficiary is your spouse, Contract continuation. If we do not receive the Beneficiary's election within 60 days after we receive Due Proof of Death, we reserve the right to provide a lump sum to your Beneficiary.

The amount of the death benefit is determined as of the Death Benefit Date.

The Basic Death Benefit

In general, if you were 85 or younger on the date we accepted your Application, the death benefit will be the greatest of the following amounts:

(1)
your Account Value for the Valuation Period during which the Death Benefit Date occurs;
   
(2)
the amount we would pay if you had surrendered your entire Account on the Death Benefit Date; and
   
(3)
your total Purchase Payments (adjusted for partial withdrawals as described in "Calculating the Death Benefit") as of the Death Benefit Date.

For examples of how to calculate this basic death benefit, see Appendix C.

If you were 86 or older on your Contract Date, the death benefit is equal to amount (2) above. Because this amount will reflect any applicable withdrawal charges and Market Value Adjustment, it may be less than your Account Value.

Optional Death Benefit Riders

Subject to availability in your state, you may enhance the "Basic Death Benefit" by electing one or more of the following optional death benefit riders. You must make your election before the date on which your Contract becomes effective. You will pay a charge for each optional death benefit rider you elect. (For a description of these charges, see "Charges for Optional Death Benefit Riders.") The riders are available only if you are younger than 80 on the Contract Date. Any optional death benefit election may not be changed after the Contract is issued. The death benefit under all optional death benefit riders will be adjusted for all partial withdrawals as described in the Prospectus under the heading "Calculating the Death Benefit." For examples of how the death benefit is calculated under the optional death benefit riders, see Appendices D - H.

If your Contract is a Qualified Contract, required minimum distributions under the Internal Revenue Code may affect the value of this optional Benefit to you.  Please refer to "Impact of Optional Death Benefit Riders" under "TAX CONSIDERATIONS" for more information regarding tax issues that you should consider before electing this optional Benefit.

     Maximum Anniversary Account Value ("MAV") Rider

Under this rider, the death benefit will be the greater of:

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the amount payable under the basic death benefit above, or
   
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your highest Account Value on any Account Anniversary before your 81st birthday, adjusted for any subsequent Purchase Payments and partial withdrawals made between that Account Anniversary and the Death Benefit Date.

     5% Premium Roll-Up ("5% Roll-Up") Rider

Under this rider, the death benefit will be the greater of:

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the amount payable under the basic death benefit above, or
   
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the sum of your total Purchase Payments plus interest accruals, adjusted for partial withdrawals.

Under this rider, interest accrues at a rate of 5% per year on Purchase Payments and transfers to the Variable Account while they remain in the Variable Account. The 5% interest accruals will continue until the earlier of:

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the first day of the month following your 80th birthday, or
   
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the day the death benefit amount under this rider equals twice the total of your Purchase Payments and transferred amounts, adjusted for withdrawals.

     Earnings Enhancement ("EEB") Rider

If you elect this EEB Rider, your death benefit will be the amount payable under the basic death benefit, PLUS the "EEB amount." Calculated as of your Death Benefit Date, the "EEB amount" is determined as follows:

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If you are 69 or younger on your Contract Date, the "EEB amount" will be 40% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 40% of the Net Purchase Payments made prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB amount" will be 25% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 25% of the Net Purchase Payments prior to your death.

     Earnings Enhancement Plus ("EEB Plus") Rider

If you elect this EEB Plus Rider, your death benefit will be the amount payable under the basic death benefit, PLUS the "EEB Plus amount." Calculated as of the Death Benefit Date, the "EEB Plus amount" is determined as follows:

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If you are 69 or younger on your Contract Date, the "EEB Plus amount" will be 40% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 100% of the Net Purchase Payments made prior to your death. After the 7th Contract year, the cap is 100% of the difference between your Net Purchase Payments and any Purchase Payments made within the twelve months prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB Plus amount" will be 25% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 40% of the Net Purchase Payments made prior to your death. After the 7th Contract year, the cap is 40% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.

     Earnings Enhancement Plus with MAV ("EEB Plus MAV") Rider

If you elect this EEB Plus MAV Rider, your death benefit will be the death benefit payable under the MAV Rider PLUS the "EEB Plus MAV amount." Calculated as of your Death Benefit Date, the "EEB Plus MAV amount" is as follows:

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If you are 69 or younger on your Contract Date, the "EEB Plus MAV amount" will be 40% of the difference between the death benefit payable under the MAV Rider and your Net Purchase Payments, up to a cap of 100% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 100% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB Plus MAV amount" will be 25% of the difference between the death benefit payable under the MAV Rider and your Net Purchase Payments, up to a cap of 40% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 40% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.

     Earnings Enhancement Plus with 5% Roll-Up ("EEB Plus 5% Roll-Up") Rider

If you elect this EEB Plus 5% Roll-Up Rider, your death benefit will be the death benefit payable under the 5% Roll-Up Rider PLUS the "EEB Plus 5% Roll-Up amount." Calculated as of your Death Benefit Date, the "EEB Plus 5% Roll-Up amount" is determined as follows:

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If you are 69 or younger on your Contract Date, the "EEB Plus 5% Roll-Up amount" will be 40% of the difference between the death benefit payable under the 5% Roll-Up Rider and your Net Purchase Payments, up to a cap of 100% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 100% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB Plus 5% Roll-Up amount" will be 25% of the difference between the death benefit payable under the 5% Roll-Up Rider and your Net Purchase Payments, up to a cap of 40% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 40% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.

     Selecting Multiple Death Benefit Riders

The MAV Rider, the 5% Roll-Up Rider, and the EEB Rider can be combined. If you elect more than one of these three optional death benefit riders, your death benefit will be calculated as follows:

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MAV Rider combined with 5% Roll-Up Rider: The death benefit will equal the greater of the death benefit under the MAV Rider and the death benefit under the 5% Roll-Up Rider.
   
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MAV Rider combined with EEB Rider: The death benefit will equal the death benefit under the MAV Rider, plus the "EEB amount." The "EEB amount" is calculated using the Account Value before the application of the MAV Rider.
   
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EEB Rider combined with 5% Roll-Up Rider: The death benefit will equal the death benefit under the 5% Roll-Up Rider, plus the "EEB amount." The "EEB amount" is calculated using the Account Value before the application of the 5% Roll-Up Rider.
   
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MAV Rider, the 5% Roll-Up Rider and the EEB Rider: The death benefit will equal the greater of the death benefit under the MAV Rider or the death benefit under the 5% Roll-Up Rider, plus the "EEB amount." The "EEB amount" is calculated using the Account Value before the application of the 5% Roll-Up Rider and the MAV Rider.

The EEB Plus, EEB Plus MAV, and EEB Plus 5% Roll-Up Riders are designed to be "comprehensive" riders and may not be combined with each other or with any of the other death benefit riders.

Spousal Continuance

If your spouse is your Beneficiary, upon your death your spouse may elect to continue the Contract as the Participant, rather than receive the death benefit amount. In that case, we will not pay a death benefit, but the Contract's Account Value will be equal to your Contract's death benefit amount, as defined under the "Basic Death Benefit" or any optional death benefit rider you have selected. All Contract provisions, including any optional death benefit riders you have selected, will continue as if your spouse had purchased the Contract on the Death Benefit Date with a deposit equal to the death benefit amount. For purposes of calculating death benefits and expenses from that date forward, your spouse's age on the original effective date of the Contract will be used. Upon surrender or annuitization, this step-up to the spouse will not be treated as premium, but will be treated as income.

Calculating the Death Benefit

In calculating the death benefit amount payable under option (3) of the "Basic Death Benefit" or any of the optional death benefit riders, any partial withdrawals will reduce the death benefit amount to an amount equal to the death benefit amount immediately before the withdrawal multiplied by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal.

If the death benefit is the amount payable under options (2) or (3) of the "Basic Death Benefit" or under any of the optional death benefit riders, your Account Value may be increased by the excess, if any, of that amount over option (1) of the "Basic Death Benefit." Any such increase will be allocated to the Sub-Accounts in proportion to your Account Value in those Sub-Accounts on the Death Benefit Date. Such increase will be made only if the Beneficiary elects to annuitize, elects to defer annuitization, or elects to continue the Contract. Also, any portion of this new Account Value attributed to the Fixed Account will be transferred to the available Money Market Fund investment option (without the application of a Market Value Adjustment). If your spouse, as the named Beneficiary, elects to continue the Contract after your death, your spouse may transfer any such Fixed Account portion back to the Fixed Account and begin a new Guarantee Period.


 
 

 

Method of Paying Death Benefit

The death benefit may be paid in a single cash payment or as an annuity (either fixed, variable or a combination), under one or more of our Annuity Options. We describe the Annuity Options in this Prospectus under "The Income Phase -- Annuity Provisions."

During the Accumulation Phase, you may elect the method of payment for the death benefit. These elections are made by sending us at our Service Address an election form, which we will provide. If no such election is in effect on the date of your death, the Beneficiary may elect either a single cash payment or an annuity. If the Beneficiary is your spouse, the Beneficiary may elect to continue the Contract.  This election is made by sending us a letter of instruction. If we do not receive the Beneficiary's election within 60 days after we receive Due Proof of Death, we will pay the death benefit in a single cash payment.

If we pay the death benefit in the form of an Annuity Option, the Beneficiary becomes the Annuitant/Payee under the terms of that Annuity Option.

Non-Qualified Contracts

If your Contract is a Non-Qualified Contract, special distribution rules apply to the payment of the death benefit. The amount of the death benefit must be distributed either (1) as a lump sum within 5 years after your death, or (2) if in the form of an annuity, over a period not greater than the life or expected life of the "designated beneficiary" within the meaning of Section 72(s) of the Internal Revenue Code, with payments beginning no later than one year after your death.

The person you have named as Beneficiary under your Contract, if any, will be the "designated beneficiary." If the named Beneficiary is not living and no contingent beneficiary has been named, the surviving Participant, if any, or the estate of the deceased Participant automatically becomes the designated beneficiary.

If the designated beneficiary is your surviving spouse, your spouse may continue the Contract in his or her own name as Participant. To make this election, your spouse must give us written notification within 60 days after we receive Due Proof of Death. The special distribution rules will then apply on the death of your spouse. To understand what happens when your spouse continues the Contract, see "Spousal Continuance," above.

During the Income Phase, if the Annuitant dies, the remaining value of the Annuity Option in place must be distributed at least as rapidly as the method of distribution under that option.

If the Participant is not a natural person, these distribution rules apply upon the death of any Annuitant.

Payments made in contravention of these special rules would adversely affect the treatment of the Contracts as annuity contracts under the Internal Revenue Code. Neither you nor the Beneficiary may exercise rights that would have that effect.

Selection and Change of Beneficiary

You select your Beneficiary in your Application. You may change your Beneficiary at any time by sending us written notice on our required form, unless you previously made an irrevocable Beneficiary designation. A new Beneficiary designation is not effective until we record the change.

Payment of Death Benefit

Payment of the death benefit in cash will be made within 7 days of the Death Benefit Date, except if we are permitted to defer payment in accordance with the Investment Company Act of 1940. If an Annuity Option is elected, the Annuity Commencement Date will be the first day of the second calendar month following the Death Benefit Date, and your Account will remain in effect until the Annuity Commencement Date.


 
 

 

Due Proof of Death

We accept any of the following as proof of any person's death:

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an original certified copy of an official death certificate;
   
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an original certified copy of a decree of a court of competent jurisdiction as to the finding of death; or
   
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any other proof we find satisfactory.

THE INCOME PHASE -- ANNUITY PROVISIONS

During the Income Phase, we make regular monthly annuity payments to the Annuitant.

The Income Phase of your Contract begins with the Annuity Commencement Date. On that date, we apply your Account Value, adjusted as described below, under the Annuity Option(s) you have selected, and we make the first annuity payment.

Once the Income Phase begins, no lump sum settlement option or cash withdrawals are permitted, except pursuant to Annuity Option D, Monthly Payments for a Specified Period Certain, as described below under the heading "Annuity Options," and you cannot change the Annuity Option selected. You may request a full withdrawal before the Annuity Commencement Date, which will be subject to all charges applicable on withdrawals. (See "Withdrawals, Withdrawal Charge and Market Value Adjustment.")

Selection of the Annuitant or Co-Annuitant

You select the Annuitant in your Application. The Annuitant is the person who receives annuity payments during the Income Phase and on whose life these payments are based. In your Contract, the Annuity Option(s) refer to the Annuitant as the "Payee." If you name someone other than yourself as Annuitant and the Annuitant dies before the Income Phase, you become the Annuitant.

In a Non-Qualified Contract, if you name someone other than yourself as Annuitant, you may also select a Co-Annuitant, who will become the new Annuitant if the original Annuitant dies before the Income Phase. If both the Annuitant and Co-Annuitant die before the Income Phase, you become the Annuitant. If you have named both an Annuitant and a Co-Annuitant, you may designate one of them to become the sole Annuitant as of the Annuity Commencement Date, if both are living at that time. If you have not made that designation on the 30th day before the Annuity Commencement Date, and both the Annuitant and the Co-Annuitant are still living, the Co-Annuitant will become the Annuitant.

When an Annuity Option has been selected as the method of paying the death benefit, the Beneficiary is the Payee of the annuity payment.

Selection of the Annuity Commencement Date

You select the Annuity Commencement Date in your Application. The following restrictions apply to the date you may select:

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The earliest possible Annuity Commencement Date is the first day of the second month following your Contract Date.
   
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The latest possible Annuity Commencement Date is the first day of the month following the Annuitant's 95th birthday. If there is a Co-Annuitant, the Annuity Commencement Date applies to the younger of the Annuitant and Co-Annuitant.
   
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The Annuity Commencement Date must always be the first day of a month.

You may change the Annuity Commencement Date from time to time by sending us written notice, in a form acceptable to us, with the following additional limitations:

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We must receive your notice, in good order, at least 30 days before the current Annuity Commencement Date.
   
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The new Annuity Commencement Date must be at least 30 days after we receive the notice.

There may be other restrictions on your selection of the Annuity Commencement Date imposed by your retirement plan or applicable law. In most situations, current law requires that for a Qualified Contract, certain minimum distributions must commence no later than April 1 following the year the Annuitant reaches age 70 1/2 (or, for Qualified Contracts other than IRAs, no later than April 1 following the year the Annuitant retires, if later than the year the Annuitant reaches age 70 1/2).

Annuity Options

We offer the following Annuity Options for payments during the Income Phase. Each Annuity Option may be selected for a Variable Annuity, a Fixed Annuity, or a combination of both. We may also agree to other settlement options, at our discretion.

     Annuity Option A -- Life Annuity

We provide monthly payments during the lifetime of the Annuitant. Annuity payments stop when the Annuitant dies. There is no provision for continuation of any payments to a Beneficiary.

     Annuity Option B -- Life Annuity with 60, 120, 180 or 240 Monthly Payments Certain

We make monthly payments during the lifetime of the Annuitant. In addition, we guarantee that the Beneficiary will receive monthly payments for the remainder of the period certain, if the Annuitant dies during that period. The election of a longer period results in smaller monthly payments. If no Beneficiary is designated, we pay the discounted value of the remaining payments in one sum to the Annuitant's estate. The Beneficiary may also elect to receive the discounted value of the remaining payments in one sum. The discount rate for a Variable Annuity will be the assumed interest rate in effect; the discount rate for a Fixed Annuity will be based on the interest rate we used to determine the amount of each payment.

     Annuity Option C -- Joint and Survivor Annuity

We make monthly payments during the lifetime of the Annuitant and another person you designate and during the lifetime of the survivor of the two. We stop making payments when the survivor dies. There is no provision for continuance of any payments to a Beneficiary.

     Annuity Option D -- Monthly Payments for a Specified Period Certain

We make monthly payments for a specified period of time from 5 to 30 years, as you elect. If payments under this option are paid on a variable annuity basis, the Annuitant may elect to receive, at any time, some or all of the discounted value of the remaining payments, less any applicable withdrawal charge; the discount rate for this purpose will be the assumed interest rate in effect. If the Annuitant dies during the period selected, the remaining income payments are made as described under Annuity Option B. The election of this Annuity Option may result in the imposition of a penalty tax. The 5, 6, 7, 8 and 9-year periods certain are not available if your Account has been issued within the past 4 years.

Selection of Annuity Option

You select one or more of the Annuity Options, which you may change from time to time during the Accumulation Phase, as long as we receive your selection or change in writing at least 30 days before the Annuity Commencement Date. If we have not received your written selection on the 30th day before the Annuity Commencement Date, you will receive Annuity Option B, for a life annuity with 120 monthly payments certain.

You may specify the proportion of your Adjusted Account Value you wish to provide a Variable Annuity or a Fixed Annuity. Under a Variable Annuity, the dollar amount of payments will vary, while under a Fixed Annuity, the dollar amount of payments will remain the same. If you do not specify a Variable Annuity or a Fixed Annuity, your Adjusted Account Value will be divided between Variable Annuities and Fixed Annuities in the same proportions as your Account Value was divided between the Variable and Fixed Accounts on the Annuity Commencement Date. You may allocate your Adjusted Account Value applied to a Variable Annuity among the Sub-Accounts, or we will use your existing allocations.

There may be additional limitations on the options you may elect under your particular retirement plan or applicable law.

Remember that the Annuity Options may not be changed once annuity payments begin.

Amount of Annuity Payments

     Adjusted Account Value

The Adjusted Account Value is the amount we apply to provide a Variable Annuity and/or a Fixed Annuity. We calculate Adjusted Account Value by taking your Account Value on the Business Day just before the Annuity Commencement Date and making the following adjustments:

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We deduct a proportional amount of the Account Fee, based on the fraction of the current Account Year that has elapsed.
   
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If applicable, we apply the Market Value Adjustment to your Account Value in the Fixed Account, which may result in a deduction, an addition, or no change.
   
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We deduct any applicable premium tax or similar tax if not previously deducted.

     Variable Annuity Payments

On the Annuity Commencement Date, we will exchange your Account's Variable Annuity Units for annuitization units which have annual insurance charges of 1.35% of your average daily net assets (1.10% if your initial Purchase Payment was $1,000,000 or more).

Variable Annuity payments may vary each month. We determine the dollar amount of the first payment using the portion of your Adjusted Account Value applied to a Variable Annuity and the Annuity Payment Rates in your Contract, which are based on an assumed interest rate of 3% per year, compounded annually. See "Annuity Payment Rates."

To calculate the remaining payments, we convert the amount of the first payment into Annuity Units for each Sub-Account; we determine the number of those Annuity Units by dividing the portion of the first payment attributable to the Sub-Account by the Annuity Unit Value of that Sub-Account for the Valuation Period ending just before the Annuity Commencement Date. This number of Annuity Units for each Sub-Account will remain constant (unless the Annuitant requests an exchange of Annuity Units). However, the dollar amount of the next Variable Annuity payment -- which is the sum of the number of Annuity Units for each Sub-Account times its Annuity Unit Value for the Valuation Period ending just before the date of the payment -- will increase, decrease, or remain the same, depending on the net investment return of the Sub-Accounts.

If the net investment return of the Sub-Accounts selected is the same as the assumed interest rate of 3%, compounded annually, the payments will remain level. If the net investment return exceeds the assumed interest rate, payments will increase and, conversely, if it is less than the assumed interest rate, payments will decrease.

Please refer to the Statement of Additional Information for more information about calculating Variable Annuity Units and Variable Annuity payments, including examples of these calculations.

     Fixed Annuity Payments

Fixed Annuity payments are the same each month. We determine the dollar amount of each Fixed Annuity payment using the fixed portion of your Adjusted Account Value and the applicable Annuity Payment Rates. These will be either (1) the rates in your Contract, which are based on a minimum guaranteed interest rate of 2.5% per year, compounded annually, or (2) new rates we have published and are using on the Annuity Commencement Date, if they are more favorable. See "Annuity Payment Rates."

     Minimum Payments

If your Adjusted Account Value is less than $2,000, or the first annuity payment for any Annuity Option is less than $20, we will pay the Adjusted Account Value to the Annuitant in one payment.

Exchange of Variable Annuity Units

During the Income Phase, the Annuitant may exchange Annuity Units in one Sub-Account for Annuity Units in another Sub-Account, up to 12 times each Account Year. To make an exchange, the Annuitant sends us, at our Annuity Mailing Address, a written request stating the number of Annuity Units in the Sub-Account he or she wishes to exchange and the new Sub-Account for which Annuity Units are requested. The number of new Annuity Units will be calculated so the dollar amount of an annuity payment on the date of the exchange would not be affected. To calculate this number, we use Annuity Unit values for the Valuation Period during which we receive the exchange request.

Before exchanging Annuity Units in one Sub-Account for those in another, the Annuitant should carefully review the Fund prospectus(es) for the investment objectives and risk disclosure of the Funds in which the Sub-Accounts invest.

During the Income Phase, we permit only exchanges among Sub-Accounts. No exchanges to or from a Fixed Annuity are permitted.

Account Fee

During the Income Phase, we deduct the annual Account Fee of $50 in equal amounts from each Variable Annuity payment. We do not deduct the annual Account Fee from Fixed Annuity payments.

Annuity Payment Rates

The Contracts contain Annuity Payment Rates for each Annuity Option described in this Prospectus. The rates show, for each $1,000 applied, the dollar amount of: (a) the first monthly Variable Annuity payment based on the assumed interest rate specified in the applicable Contract (3% per year, compounded annually); and (b) the monthly Fixed Annuity payment, when this payment is based on the minimum guaranteed interest rate specified in the Contract (at least 2.5% per year, compounded annually). We may change these rates under Group Contracts for Accounts established after the effective date of such change (see "Other Contract Provisions -- Modification").

The Annuity Payment Rates may vary according to the Annuity Option elected and the adjusted age of the Annuitant. The Contracts also describe the method of determining the adjusted age of the Annuitant. The mortality table used in determining the Annuity Payment Rates for Annuity Options A, B and C is the Annuity 2000 Table.

Annuity Options as Method of Payment for Death Benefit

You or your Beneficiary may also select one or more Annuity Options to be used in the event of the Covered Person's death before the Income Phase, as described under the "Death Benefit" section of this Prospectus. In that case, your Beneficiary will be the Annuitant. The Annuity Commencement Date will be the first day of the second month beginning after the Death Benefit Date.


 
 

 

OTHER CONTRACT PROVISIONS

Exercise of Contract Rights

An Individual Contract belongs to the individual to whom the Contract is issued. A Group Contract belongs to the Owner. In the case of a Group Contract, the Owner may expressly reserve all Contract rights and privileges; otherwise, each Annuitant will be entitled to exercise such rights and privileges. In any case, such rights and privileges can be exercised without the consent of the Beneficiary (other than an irrevocably designated Beneficiary) or any other person. Such rights and privileges may be exercised only before the Annuity Commencement Date, except as the Contract otherwise provides.

The Annuitant becomes the Payee on and after the Annuity Commencement Date. The Beneficiary becomes the Payee on the death of the Covered Person prior to the Annuity Commencement Date, or on the death of the Annuitant after the Annuity Commencement Date. Such Payee may thereafter exercise such rights and privileges, if any, of ownership which continue.

Change of Ownership

Ownership of a Qualified Contract may not be transferred except to: (1) the Annuitant; (2) a trustee or successor trustee of a pension or profit sharing trust which is qualified under Section 401 of the Internal Revenue Code; (3) the employer of the Annuitant, provided that the Qualified Contract after transfer is maintained under the terms of a retirement plan qualified under Section 403(a) of the Internal Revenue Code for the benefit of the Annuitant; (4) the trustee or custodian of an individual retirement account plan qualified under Section 408 of the Internal Revenue Code for the benefit of the Participants under a Group Contract; or (5) as otherwise permitted from time to time by laws and regulations governing the retirement or deferred compensation plans for which a Qualified Contract may be issued. Subject to the foregoing, a Qualified Contract may not be sold, assigned, transferred, discounted or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person other than the Company.

The Owner of a Non-Qualified Contract may change the ownership of the Contract prior to the Annuity Commencement Date; and each Participant, in like manner, may change the ownership interest in a Contract. A change of ownership will not be binding on us until we receive written notification. When we receive such notification, the change will be effective as of the date on which the request for change was signed by the Owner or Participant, as appropriate, but the change will be without prejudice to us on account of any payment we make or any action we take before receiving the change. If you change the Owner of a Non-Qualified Contract, you will become immediately liable for the payment of taxes on any gain realized under the Contract prior to the change of ownership, including possible liability for a 10% federal excise tax.

Change of ownership may affect the availability of optional death benefit riders or the expenses incurred with the optional death benefit riders.

Voting of Fund Shares

We will vote Fund shares held by the Sub-Accounts at meetings of shareholders of the Funds or in connection with similar solicitations, but will follow voting instructions received from persons having the right to give voting instructions. During the Accumulation Phase, you will have the right to give voting instructions, in the case of a Group Contract where the Owner has reserved this right. During the Income Phase, the Payee -- that is the Annuitant or Beneficiary entitled to receive benefits -- is the person having such voting rights. We will vote any shares attributable to us and Fund shares for which no timely voting instructions are received in the same proportion as the shares for which we receive instructions from Owners, Participants and Payees, as applicable.

Owners of Qualified Contracts issued on a group basis may be subject to other voting provisions of the particular plan and of the Investment Company Act of 1940. Employees who contribute to plans that are funded by the Contracts may be entitled to instruct the Owners as to how to instruct us to vote the Fund shares attributable to their contributions. Such plans may also provide the additional extent, if any, to which the Owners shall follow voting instructions of persons with rights under the plans. If no voting instructions are received from any such person with respect to a particular Participant Account, the Owner may instruct the Company as to how to vote the number of Fund shares for which instructions may be given.

Neither the Variable Account nor the Company is under any duty to provide information concerning the voting instruction rights of persons who may have such rights under plans, other than rights afforded by the Investment Company Act of 1940, or any duty to inquire as to the instructions received or the authority of Owners, Participants or others, as applicable, to instruct the voting of Fund shares. Except as the Variable Account or the Company has actual knowledge to the contrary, the instructions given by Owners under Group Contracts and Payees will be valid as they affect the Variable Account, the Company and any others having voting instruction rights with respect to the Variable Account.

All Fund proxy material, together with an appropriate form to be used to give voting instructions, will be provided to each person having the right to give voting instructions at least 10 days prior to each meeting of the shareholders of the Fund. We will determine the number of Fund shares as to which each such person is entitled to give instructions as of the record date set by the Fund for such meeting, which is expected to be not more than 90 days prior to each such meeting. Prior to the Annuity Commencement Date, the number of Fund shares as to which voting instructions may be given to the Company is determined by dividing the value of all of the Variable Accumulation Units of the particular Sub-Account credited to the Participant Account by the net asset value of one Fund share as of the same date. On or after the Annuity Commencement Date, the number of Fund shares as to which such instructions may be given by a Payee is determined by dividing the reserve held by the Company in the Sub-Account with respect to the particular Payee by the net asset value of a Fund share as of the same date. After the Annuity Commencement Date, the number of Fund shares as to which a Payee is entitled to give voting instructions will generally decrease due to the decrease in the reserve.

Periodic Reports

During the Accumulation Period we will send you, or such other person having voting rights, at least once during each Account Year, a statement showing the number, type and value of Accumulation Units credited to your Account and the Fixed Accumulation Value of your Account, which statement shall be accurate as of a date not more than 2 months previous to the date of mailing. These periodic statements contain important information concerning your transactions with respect to your Contract. It is your obligation to review each such statement carefully and to report to us, at the address or telephone number provided on the statement, any errors or discrepancies in the information presented therein within 60 days of the date of such statement. Unless we receive notice of any such error or discrepancy from you within such period, we may not be responsible for correcting the error or discrepancy.

In addition, every person having voting rights will receive such reports or prospectuses concerning the Variable Account and the Funds as may be required by the Investment Company Act of 1940 and the Securities Act of 1933. We will also send such statements reflecting transactions in your Account as may be required by applicable laws, rules and regulations.

Upon request, we will provide you with information regarding fixed and variable accumulation values.

Substitution of Securities

Shares of any or all Funds may not always be available for investment under the Contract. We may add or delete Funds or other investment companies as variable investment options under the Contract. We may also substitute for the shares held in any Sub-Account shares of another Fund or shares of another registered open-end investment company or unit investment trust, provided that the substitution has been approved, if required, by the SEC. In the event of any substitution pursuant to this provision, we may make appropriate endorsement to the Contract to reflect the substitution.

Change in Operation of Variable Account

At our election and subject to any necessary vote by persons having the right to give instructions with respect to the voting of Fund shares held by the Sub-Accounts, the Variable Account may be operated as a management company under the Investment Company Act of 1940 or it may be deregistered under the Investment Company Act of 1940 in the event registration is no longer required. Deregistration of the Variable Account requires an order by the SEC. In the event of any change in the operation of the Variable Account pursuant to this provision, we may make appropriate endorsement to the Contract to reflect the change and take such other action as may be necessary and appropriate to effect the change.

Splitting Units

We reserve the right to split or combine the value of Variable Accumulation Units, Annuity Units or any of them. In effecting any such change of unit values, strict equity will be preserved and no change will have a material effect on the benefits or other provisions of the Contract.

Modification

Upon notice to the Participant, in the case of an Individual Contract, and the Owner and Participant(s), in the case of a Group Contract (or the Payee(s) during the Income Phase), we may modify the Contract if such modification: (i) is necessary to make the Contract or the Variable Account comply with any law or regulation issued by a governmental agency to which the Company or the Variable Account is subject; (ii) is necessary to assure continued qualification of the Contract under the Internal Revenue Code or other federal or state laws relating to retirement annuities or annuity contracts; (iii) is necessary to reflect a change in the operation of the Variable Account or the Sub-Account(s) (see "Change in Operation of Variable Account"); (iv) provides additional Variable Account and/or fixed accumulation options; or (v) as may otherwise be in the best interests of Owners, Participants, or Payees, as applicable. In the event of any such modification, we may make appropriate endorsement in the Contract to reflect such modification.

In addition, upon notice to the Owner, we may modify a Group Contract to change the withdrawal charges, Account Fee, mortality and expense risk charges, administrative expense charges, the tables used in determining the amount of the first monthly variable annuity and fixed annuity payments and the formula used to calculate the Market Value Adjustment, provided that such modification applies only to Participant Accounts established after the effective date of such modification. In order to exercise our modification rights in these particular instances, we must notify the Owner of such modification in writing. The notice shall specify the effective date of such modification which must be at least 60 days following the date we mail notice of modification. All of the charges and the annuity tables which are provided in the Group Contract prior to any such modification will remain in effect permanently, unless improved by the Company, with respect to Participant Accounts established prior to the effective date of such modification.

Discontinuance of New Participants

We may limit or discontinue the acceptance of new Applications and the issuance of new Certificates under a Group Contract by giving 30 days prior written notice to the Owner. This will not affect rights or benefits with respect to any Participant Accounts established under such Group Contract prior to the effective date of such limitation or discontinuance.

Reservation of Rights

We reserve the right, to the extent permitted by law, to: (1) combine any 2 or more variable accounts; (2) add or delete Funds, sub-series thereof or other investment companies and corresponding Sub-Accounts; (3) add or remove Guarantee Periods available at any time for election by a Participant; and (4) restrict or eliminate any of the voting rights of Participants (or Owners) or other persons who have voting rights as to the Variable Account. Where required by law, we will obtain approval of changes from Participants or any appropriate regulatory authority. In the event of any change pursuant to this provision, we may make appropriate endorsement to the Contract to reflect the change.

Right to Return

If you are not satisfied with your Contract, you may return it by mailing or delivering it to us at our Annuity Mailing Address, as shown on the cover of this Prospectus, within 10 days, or longer if required by your state, after it was delivered to you. State law may also allow you to return the Contract to your sales representative. When we receive the returned Contract, it will be cancelled and we will refund to you your Account Value. If applicable state law requires, we will return the full amount of any Purchase Payment(s) we received.

If you are establishing an Individual Retirement Annuity ("IRA"), the Internal Revenue Code requires that we give you a disclosure statement containing certain information about the Contract and applicable legal requirements. We must give you this statement on or before the date the IRA is established. If we give you the disclosure statement before the seventh day preceding the date the IRA is established, you will not have any right of revocation under the Code. If we give you the disclosure statement at a later date, then you may give us a notice of revocation at any time within 7 days after your Contract Date. Upon such revocation, we will refund your Purchase Payment(s). This right of revocation with respect to an IRA is in addition to the return privilege set forth in the preceding paragraph. We allow a Participant establishing an IRA a "ten day free-look," notwithstanding the provisions of the Internal Revenue Code.

TAX CONSIDERATIONS

This section provides general information on the federal income tax consequences of ownership of a Contract based upon our understanding of current federal tax laws. Actual federal tax consequences will vary depending on, among other things, the type of retirement plan under which your Contract is issued. Also, legislation altering the current tax treatment of annuity contracts could be enacted in the future and could apply retroactively to Contracts that were purchased before the date of enactment. We make no attempt to consider any applicable federal estate, federal gift, state, or other tax laws. We also make no guarantee regarding the federal, state, or local tax status of any Contract or any transaction involving any Contract. You should consult a qualified tax professional for advice before purchasing a Contract or executing any other transaction (such as a rollover, distribution, withdrawal or payment) involving a Contract.

U.S. Federal Income Tax Considerations

The following discussion applies only to those Contracts issued in the United States. For a discussion of tax considerations effecting Contracts issued in Puerto Rico, see "Puerto Rico Tax Considerations," below.

     Deductibility of Purchase Payments

For federal income tax purposes, Purchase Payments made under Non-Qualified Contracts are not deductible.  Under certain circumstances, Purchase Payments made under Qualified Contracts may be excludible or deductible from taxable income.  Any such amounts will also be excluded from the "investment in the contract" for purposes of determining the taxable portion of any distributions from a Qualified Contract. As a general rule, regardless of whether you own a Qualified or a Non-Qualified Contract, the amount of your tax liability on earnings and distributions will depend upon the specific tax rules applicable to your Contract and your particular circumstances.

     Pre-Distribution Taxation of Contracts

Generally, an increase in the value of a Contract will not give rise to a current income tax liability to the Owner of a Contract or to any payee under the Contract until a distribution is received from the Contract.  However, certain assignments or pledges of a Contract or loans under a Contract will be treated as distributions to the Owner of the Contract and will accelerate the taxability of any increases in the value of a Contract.

Also, corporate (or other non-natural person) Owners of a Non-Qualified Contract will generally incur a current tax liability on Account Value increases. There are certain exceptions to this current taxation rule, including: (i) any Contract that is an "immediate annuity", which the Internal Revenue Code (the "Code") defines as a single premium contract with an annuity commencement date within one year of the date of purchase which provides for a series of substantially equal periodic payments (to be made not less frequently than annually) during the annuity period, and (ii) any Contract that the non-natural person holds as agent for a natural person (such as where a bank or other entity holds a Contract as trustee under a trust agreement).

You should note that a qualified retirement plan generally provides tax deferral regardless of whether the plan invests in an annuity contract.  For that reason, no decision to purchase a Qualified Contract should be based on the assumption that the purchase of a Qualified Contract is necessary to obtain tax deferral under a qualified plan.

     Distributions and Withdrawals from Non-Qualified Contracts

The Account Value of a Non-Qualified Contract will generally include both (i) an amount attributable to Purchase Payments, the return of which will not be taxable, and (ii) an amount attributable to investment earnings, the receipt of which will be taxable at ordinary income rates. The relative portions of any particular distribution that derive from nontaxable Purchase Payments and taxable investment earnings depend upon the nature and the timing of that distribution.

Any withdrawal of less than your entire Account Value under a Non-Qualified Contract before the Annuity Commencement Date must be treated as a receipt of investment earnings. You may not treat such withdrawals as a non-taxable return of Purchase Payments unless you have first withdrawn the entire amount of the Account Value that is attributable to investment earnings. For purposes of determining whether an Owner has withdrawn the entire amount of the investment earnings under a Non-Qualified Contract, the Code provides that all Non-Qualified deferred annuity contracts issued by the same company to the same Owner during any one calendar year must be treated as one annuity contract.

A Payee who receives annuity payments under a Non-Qualified Contract after the Annuity Commencement Date will generally be able to treat a portion of each payment as a nontaxable return of Purchase Payments and to treat only the remainder of each such payment as taxable investment earnings. Until the Purchase Payments have been fully recovered in this manner, the nontaxable portion of each payment will be determined by the ratio of (i) the total amount of the Purchase Payments made under the Contract, to (ii) the Payee's expected return under the Contract. Once the Payee has received nontaxable payments in an amount equal to total Purchase Payments, no further exclusion is allowed and all future distributions will constitute fully taxable ordinary income. If payments are terminated upon the death of the Annuitant or other Payee before Purchase Payments have been fully recovered, the unrecovered Purchase Payments may be deducted on the final return of the Annuitant or other Payee.

A penalty tax of 10% may also apply to taxable cash withdrawals including lump-sum payments from Non-Qualified Contracts. This penalty will generally not apply to distributions made after age 59 1/2, to distributions pursuant to the death or disability of the Owner, or to distributions that are a part of a series of substantially equal periodic payments made annually under a lifetime annuity, or to distributions under an immediate annuity (as defined above).

Death benefits paid upon the death of a Contract Owner are not life insurance benefits and will generally be includible in the income of the recipient to the extent they represent investment earnings under the contract.  For this purpose, the amount of the "investment in the contract" is not affected by the Owner's or Annuitant's death, i.e., the investment in the Contract must still be determined by reference to the total Purchase Payments (excluding amounts that were deductible by, or excluded from the gross income of, the Owner of a Contract), less any Purchase Payments that were amounts previously received which were not includible in income.  Special mandatory distribution rules also apply after the death of the Owner when the beneficiary is not the surviving spouse of the Owner.  

If death benefits are distributed in a lump sum, the taxable amount of those benefits will be determined in the same manner as upon a full surrender of the contract.  If death benefits are distributed under an annuity option, the taxable amount of those benefits will be determined in the same manner as annuity payments, as described above.

Any amounts held under a Non-Qualified Contract that are assigned or pledged as collateral for a loan will also be treated as if withdrawn from the Contract.  In addition, upon the transfer of a Non-Qualified Contract by gift (other than to the Owner's spouse), the Owner must treat an amount equal to the Account Value minus the total amount paid for the Contract as income.

     Distributions and Withdrawals from Qualified Contracts

In most cases, all of the distributions you receive from a Qualified Contract will constitute fully taxable ordinary income. Also, a 10% penalty tax will apply to distributions prior to age 59 1/2, except in certain circumstances.

If you receive a distribution from a Qualified Contract used in connection with a qualified pension plan, from a tax-sheltered annuity or an individual retirement annuity "IRA" and roll over some or all that distribution to another eligible plan, following the rules set out in the Code and IRS regulations, the portion of such distribution that is rolled over will not be includible in your income. An eligible rollover distribution from a qualified plan or tax-sheltered annuity will be subject to 20% mandatory withholding as described below. Because the amount of the cash paid to you as an eligible rollover distribution will be reduced by this withholding, you will not be able to roll over the entire account balance under your Contract, unless you use other funds equal to the tax withholding to complete the rollover. Rollovers of IRA distributions are not subject to the 20% mandatory withholding requirement.

An eligible rollover distribution from a qualified plan or tax-sheltered annuity is any distribution of all or any portion of the balance to the credit of an employee, except that the term does not include:

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a distribution which is one of a series of substantially equal periodic payments made annually under a lifetime annuity or for a specified period of ten years or more;
   
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any required minimum distribution; or
   
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any hardship distribution.

Only you or your surviving spouse Beneficiary may elect to roll over a distribution to an eligible retirement plan.

     Withholding

In the case of an eligible rollover distribution (as defined above) from a Qualified Contract (other than from an IRA), we (or the plan administrator) must withhold and remit to the U.S. Government 20% of the distribution, unless the Participant or Payee elects to make a direct rollover of the distribution to another qualified retirement plan that is eligible to receive the rollover; however, only you or your surviving spouse Beneficiary may elect a direct rollover. In the case of a distribution from (i) a Non-Qualified Contract, (ii) an IRA, or (iii) a Qualified Contract where the distribution is not an eligible rollover distribution, we will withhold and remit to the U.S. Government a part of the taxable portion of each distribution unless, prior to the distribution, the Participant or Payee provides us his or her taxpayer identification number and instructs us (in the manner prescribed) not to withhold. The Participant or Payee may credit against his or her federal income tax liability for the year of distribution any amounts that we (or the plan administrator) withhold.

     Investment Diversification and Control

The Treasury Department has issued regulations that prescribe investment diversification requirements for mutual fund series underlying nonqualified variable contracts. All Non-Qualified Contracts must comply with these regulations to qualify as annuities for federal income tax purposes. The owner of a Non-Qualified Contract that does not meet these guidelines will be subject to current taxation on annual increases in value of the Contract. We believe that each Fund available as an investment option under the Contract complies with these regulations.

The IRS has stated that satisfaction of the diversification requirements described above by itself does not prevent a contract owner from being treated as the owner of separate account assets under an "owner control" test.  If a contract owner is treated as the owner of separate account assets for tax purposes, the contract owner would be subject to taxation on the income and gains from the separate account assets. In published revenue rulings through 1982 and then again in 2003, the IRS has stated that a variable contract owner will be considered the owner of separate account assets if the owner possesses incidents of ownership in those assets, such as the ability to exercise control over the investment of the assets.  In Revenue Ruling 2003-91, the IRS considered certain variable annuity and variable life insurance contracts and concluded that the owners of the variable contracts would not be considered the owners of the contracts' underlying assets for federal income tax purposes.

Revenue Ruling 2003-91 states that the determination of whether the owner of a variable contract possesses sufficient incidents of ownership over the assets underlying the variable contract so as to be deemed the owner of those assets for federal income tax purposes will depend on all the facts and circumstances. We do not believe that the differences between the Contract and the contracts described in Revenue Ruling 2003-91 should prevent the holding in Revenue Ruling 2003-91 from applying.  Nevertheless, you should consult with a qualified tax professional on the potential impact of the investor control rules of the IRS as they relate to the investment decisions and activities you may undertake with respect to the Contract.  In addition, the IRS and/or the Treasury Department may issue new rulings, interpretations or regulations on this subject in the future.  Accordingly, we therefore reserve the right to modify the Contracts as necessary to attempt to prevent you from being considered the owner, for tax purposes, of the underlying assets.  We also reserve the right to notify you if we determine that it is no longer practicable to maintain the Contract in a manner that was designed to prevent you from being considered the owner of the assets of the Separate Account.  You bear the risk that you may be treated as the owner of Separate Account assets and taxed accordingly.

     Tax Treatment of the Company and the Variable Account

As a life insurance company under the Code, we will record and report operations of the Variable Account separately from other operations. The Variable Account will not, however, constitute a regulated investment company or any other type of taxable entity distinct from our other operations. Under present law, we will not incur tax on the income of the Variable Account (consisting primarily of interest, dividends, and net capital gains) if we use this income to increase reserves under Contracts participating in the Variable Account.

     Qualified Retirement Plans

"Qualified Contracts" are Contracts used with plans that receive tax-deferral treatment pursuant to specific provisions of the Code.  Annuity contracts also receive tax-deferral treatment.  It is not necessary that you purchase an annuity contract to receive the tax-deferral treatment available through a Qualified Contract.  If you purchase this annuity Contract as a Qualified Contract, you do not received additional tax-deferral.  Therefore, if you purchase this annuity Contract as a Qualified Contract, you should do so for reasons other than obtaining tax deferral.

You may use Qualified Contracts with several types of qualified retirement plans. Because tax consequences will vary with the type of qualified retirement plan and the plan's specific terms and conditions, we provide below only brief, general descriptions of the consequences that follow from using Qualified Contracts in connection with various types of qualified retirement plans. We stress that the rights of any person to any benefits under these plans may be subject to the terms and conditions of the plans themselves, regardless of the terms of the Qualified Contracts that you are using. These terms and conditions may include restrictions on, among other things, ownership, transferability, assignability, contributions and distributions.

     Pension and Profit-Sharing Plans

Sections 401(a), 401(k) and 403(a) of the Code permit business employers and certain associations to establish various types of retirement plans for employees. The Code requirements are similar for qualified retirement plans of corporations and those of self-employed individuals. Self-employed persons, as a general rule, may therefore use Qualified Contracts as a funding vehicle for their retirement plans.

     Tax-Sheltered Annuities

Section 403(b) of the Code permits public school employees and employees of certain types of charitable, educational and scientific organizations specified in Section 501(c)(3) of the Code to purchase annuity contracts and, subject to certain limitations, exclude the amount of purchase payments from gross income for tax purposes. The Code imposes restrictions on cash withdrawals from Section 403(b) annuities.

If the Contracts are to receive tax-deferred treatment, cash withdrawals of amounts attributable to salary reduction contributions (other than withdrawals of accumulation account value as of December 31, 1988) may be made only when the Participant attains age 59 1/2, has a severance from employment with the employer, dies or becomes disabled (within the meaning of Section 72(m)(7) of the Code). These restrictions apply to (i) any post-1988 salary reduction contributions, (ii) any growth or interest on post-1988 salary reduction contributions, (iii) any growth or interest on pre-1989 salary reduction contributions that occurs on or after January 1, 1989, and (iv) any pre-1989 salary reduction contributions since we do not maintain records that separately account for such contributions. . It is permissible, however, to withdraw post-1988 salary reduction contributions (but not the earnings attributable to such contributions) in cases of financial hardship. While the Internal Revenue Service has not issued specific rules defining financial hardship, we expect that to qualify for a hardship distribution, the Participant must have an immediate and heavy bona fide financial need and lack other resources reasonably available to satisfy the need. Hardship withdrawals (as well as certain other premature withdrawals) will be subject to a 10% tax penalty, in addition to any withdrawal charge applicable under the Contracts. Under certain circumstances the 10% tax penalty will not apply if the withdrawal is for medical expenses.

Section 403(b) annuities, like IRAs, are subject to required minimum distributions under the Code.  Section 403(b) annuities are unique, however, in that any account balance accruing before January 1, 1987 (the "pre-1987 balance") needs to comply with only the minimum distribution incidental benefit (MDIB) rule and not also with the minimum distribution rules set forth in Section 401(a)(9) of the Code.  This special treatment for any pre-1987 balance is, however, conditioned upon the issuer identifying the pre-1987 balance and maintaining accurate records of changes to the balance.  Since we do not maintain such records, your pre-1987 balance, if any, will not be eligible for special distribution treatment.

Under the terms of a particular Section 403(b) plan, the Participant may be entitled to transfer all or a portion of the Account Value to one or more alternative funding options. Participants should consult the documents governing their plan and the person who administers the plan for information as to such investment alternatives.

     Individual Retirement Arrangements

Sections 219 and 408 of the Code permit eligible individuals to contribute to a so-called "traditional" individual retirement program, including Individual Retirement Accounts and Annuities, Simplified Employee Pension Plans, and SIMPLE Retirement Accounts. Such IRAs are subject to limitations on contribution levels, the persons who may be eligible, and on the time when distributions may commence. In addition, certain distributions from some other types of retirement plans may be placed in an IRA on a tax-deferred basis. The Internal Revenue Service imposes special information requirements with respect to IRAs and we will provide purchasers of the Contracts as Individual Retirement Annuities with any necessary information. You will have the right to revoke a Contract issued as an Individual Retirement Annuity under certain circumstances, as described in the section of this Prospectus entitled "Right to Return." If your Contract is issued in connection with an Individual Retirement Account, we have no information about the Account and you should contact the Account's trustee or custodian.

     Roth Individual Retirement Arrangements

Section 408A of the Code permits an individual to contribute to an individual retirement program called a Roth IRA. Unlike contributions to a traditional IRA under Section 408 of the Code, contributions to a Roth IRA are not tax-deductible. Provided certain conditions are satisfied, distributions are generally tax-free. Like traditional IRAs, Roth IRAs are subject to limitations on contribution amounts and the timing of distributions. If you convert a traditional Individual Retirement Annuity Contract into a Roth IRA Contract or your Individual Retirement Account that holds a Contract is converted to a Roth Individual Retirement Account, the fair market value of the Contract is included in taxable income. Under IRS regulations and Revenue Procedure 2006-13, fair market value may exceed the Contract's account balance.  Thus, you should consult with a qualified tax professional prior to any conversion.

The Internal Revenue Service imposes special information requirements with respect to Roth IRAs and we will provide the necessary information for Contracts issued as Roth Individual Retirement Annuities. If your Contract is issued in connection with a Roth Individual Retirement Account, we have no information about the Account and you should contact the Account's trustee or custodian.

     Impact of Optional Death Benefit Riders

Qualified Contracts. If your Contract is a traditional IRA annuity or a 403(b) TSA annuity, it is subject to certain required minimum distribution (RMD) requirements imposed by the Internal Revenue Code and IRS regulations. Under the RMD rules, distributions must begin no later than April 1 of the calendar year following the year in which you attain age 70 1/2 or, for non-IRAs, the date of retirement instead of age 70 1/2 if it is later. The RMD amount for a distribution calendar year is generally calculated by dividing the Contract's value as of 12/31 of the prior calendar year by the applicable distribution factor set forth in a Uniform Lifetime Table in the IRS regulations. For Contracts issued in connection with traditional Individual Retirement Accounts, you should contact the Account's trustee or custodian about RMD requirements since we only provide the trustee or custodian with the Contract's value (including any actuarial present value of additional benefits discussed below) so that it can be used in the Account's RMD calculations.

Effective with the 2006 distribution calendar year, the actuarial present value as of 12/31 of any additional benefits that are provided under your Contract (such as optional death benefits) will be added to the Contract's Account Value as of 12/31 in order to calculate the RMD amount. There are two exceptions to the requirement that the actuarial present value of an additional benefit must be added to the Account Value for RMD calculation purposes. First, if the only additional benefit provided under a Contract is a return of premium death benefit (i.e., a benefit under which the final payment does not exceed the amount of purchase payments made less prior distributions), then the additional benefit is disregarded and the RMD calculation uses only the 12/31 Account Value. Second, if (1) the Contract provides only for additional benefits that are each reduced on a proportional basis in the event of distributions, with or without a return of premium death benefit that is not reduced in amount proportionately in the event of distributions and (2) the actuarial present value of all the Contract's additional benefits is no more than 20% of the 12/31 Account Value, then the additional benefits are disregarded and the RMD calculation uses only the 12/31 Account Value. When we notify you of the RMD amount for a distribution calendar year, we will inform you if the calculation included the actuarial present value of additional benefits. Because of the above requirements, your initial or renewal election of an optional rider could cause your RMD amount to be higher than it would be without such an election. Prior to electing to participate in (or, if applicable, prior to renewing your participation in) any optional rider, you should consult with a qualified tax professional as to the possible effect of that rider on your yearly RMD amounts.

You may take an RMD amount calculated for a particular IRA annuity from that annuity or from another IRA account or IRA annuity of yours.  Similarly, you may take an RMD amount calculated for a particular TSA annuity from that annuity or from another TSA account or TSA annuity of yours.  If your Qualified Contract is an asset of a qualified retirement plan, the qualified plan is subject to the RMD requirements and the Contract, as an asset of the qualified plan, may need to be used as a source of funds for the RMDs.

If your Contract is a traditional Individual Retirement Annuity or is held by your traditional Individual Retirement Account and you might convert in the future to a Roth IRA (see "Roth Individual Retirement Arrangements"), then your initial or renewal election of an optional rider could cause your taxable income upon conversion to be higher than it would be without such an election.  Prior to electing to participate in (or, if applicable, prior to renewing your participation in) any optional death benefit, you should consult with a qualified tax professional as to the possible effect of that benefit on conversion taxable income.

Non-Qualified Contracts.  We are required to make a determination as to the taxability of any withdrawal you make in order to be able to annually report to the IRS and you information about your withdrawal.  Under the Internal Revenue Code, any withdrawal from a Non-Qualified Contract is taxable to the extent the annuity's cash value (determined without regard to surrender charges) exceeds the investment in the contract.  There is no definition of "cash value" in the Code and, for tax reporting purposes, we are currently treating it as the Account Value of the Contract.  However, there can be no assurance that the IRS will agree that this is the correct cash value.  The IRS could, for example, determine that the cash value is the Account Value plus an additional amount representing the value of an optional rider.  If this were to occur, election of an optional rider could cause any withdrawal to have a higher proportion of the withdrawal derived from taxable investment earnings.  Prior to electing to participate in an optional rider, you should consult with a qualified tax professional as to the meaning of "cash value."

Puerto Rico Tax Considerations

The Contract offered by this Prospectus is considered an annuity contract under Section 1022 of the Puerto Rico Internal Revenue Code of 1994, as amended (the "1994 Code"). Under the current provisions of the 1994 Code, no income tax is payable on increases in value of accumulation shares of annuity units credited to a variable annuity contract until payments are made to the annuitant or other payee under such contract.

When payments are made from your Contract in the form of an annuity, the annuitant or other payee will be required to include as gross income the lesser of the amount received during the taxable year or the portion of the amount received equal to 3% of the aggregate premiums or other consideration paid for the annuity. The amount, if any, in excess of the included amount is excluded from gross income as a return of premium. After an amount equal to the aggregate premiums or other consideration paid for the annuity has been excluded from gross income, all of the subsequent annuity payments are considered to be taxable income.

When a payment under a Contract is made in a lump sum, the amount of the payment would be included in the gross income of the Annuitant or other Payee to the extent it exceeds the Annuitant's aggregate premiums or other consideration paid.

The provisions of the 1994 Code with respect to qualified retirement plans described in this Prospectus vary significantly from those under the Internal Revenue Code.  We currently offer the Contract in Puerto Rico in connection with Individual Retirement Arrangements that qualify under the U.S. Internal Revenue Code but do not qualify under the Puerto Rico 1994 Code. See the applicable text of this Prospectus under the heading "Federal Tax Status" dealing with such Arrangements and their RMD requirements.. We may make Contracts available for use with other retirement plans that similarly qualify under the U.S. Internal Revenue Code but do not qualify under the Puerto Rico 1994 Code.

As a result of IRS Revenue Ruling 2004-75, as amplified by Revenue Ruling 2004-97, we will treat Contract distributions and withdrawals occurring on or after January 1, 2005 as U.S.-source income that is subject to U.S. income tax withholding and reporting.  Under "TAX CONSIDERATIONS", see "Pre-Distribution Taxation of Contracts", "Distributions and Withdrawals from Non-Qualified Contracts", "Withholding" and "Non-Qualified Contracts".  You should consult a qualified tax professional for advice regarding the effect of Revenue Ruling 2004-75 on your U.S. and Puerto Rico income tax situation.

For information regarding the income tax consequences of owning a Contract, you should consult a qualified tax professional.

ADMINISTRATION OF THE CONTRACT

We perform certain administrative functions relating to the Contract, Participant Accounts, and the Variable Account. These functions include, but are not limited to, maintaining the books and records of the Variable Account and the Sub-Accounts; maintaining records of the name, address, taxpayer identification number, Contract number, Participant Account number and type, the status of each Participant Account and other pertinent information necessary to the administration and operation of the Contract; processing Applications, Purchase Payments, transfers and full and partial withdrawals; issuing Contracts and Certificates; administering annuity payments; furnishing accounting and valuation services; reconciling and depositing cash receipts; providing confirmations; providing toll-free customer service lines; and furnishing telephonic transfer services.

DISTRIBUTION OF THE CONTRACT

We offer the Contract on a continuous basis.  Contracts are sold by licensed insurance agents ("the Selling Agents") in those states where the Contract may be lawfully sold.  Such Selling Agents will be registered representatives of affiliated and unaffiliated broker-dealer firms ("the Selling Broker-Dealers") registered under the Securities Exchange Act of 1934 who are members of the National Association of Securities Dealers, Inc. and who have entered into selling agreements with the Company and the general distributor, Clarendon Insurance Agency, Inc. ("Clarendon"), One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481.  Clarendon is a wholly-owned subsidiary of the Company, is registered with the SEC under the Securities Exchange Act of 1934 as a broker-dealer and is a member of the National Association of Securities Dealers, Inc.

The Company (or its affiliates, for purposes of this section only, collectively, "the Company"), pays the Selling Broker-Dealers compensation for the promotion and sale of the Contract.  The Selling Agents who solicit sales of the Contract typically receive a portion of the compensation paid by the Company to the Selling Broker-Dealers in the form of commissions or other compensation, depending on the agreement between the Selling Broker-Dealer and their Selling Agent.  This compensation is not paid directly by the Contract Owner or the separate account.  The Company intends to recoup this compensation through fees and charges imposed under the Contract, and from profits on payments received by the Company for providing administrative, marketing, and other support and services to the Funds.

The amount and timing of commissions the Company may pay to Selling Broker-Dealers may vary depending on the selling agreement but is not expected to be more than 5.50% of Purchase Payments, and 1.00% annually of the Participant's Account Value. The Company may pay or allow other promotional incentives or payments in the form of cash or other compensation to the extent permitted by NASD rules and other applicable laws and regulations.

The Company also pays compensation to wholesaling broker-dealers or other firms or intermediaries, including payments to affiliates of the Company, in return for wholesaling services such as providing marketing and sales support, product training and administrative services to the Selling Agents of the Selling Broker-Dealers.  These allowances may be based on a percentage of Purchase Payments and/or a percentage of Contract Value and/or may be a fixed dollar amount.

In addition to the compensation described above, the Company may make additional cash payments or reimbursements to Selling Broker-Dealers in recognition of their marketing and distribution, transaction processing and/or administrative services support.  These payments are not offered to all Selling Broker-Dealers, and the terms of any particular agreement governing the payments may vary among Selling Broker-Dealers depending on, among other things, the level and type of marketing and distribution support provided. Marketing and distribution support services may include, among other services, placement of the Company's products on the Selling Broker-Dealers' preferred or recommended list, access to the Selling Broker-Dealers' registered representatives for purposes of promoting sales of the Company's products, assistance in training and education of the Selling Agents, and opportunities for the Company to participate in sales conferences and educational seminars.  The payments or reimbursements may be calculated as a percentage of the particular Selling Broker-Dealer's actual or expected aggregate sales of our variable contracts (including the Contract) or assets held within those contracts (in most cases not to exceed 0.25% of aggregate sales and 0.10% of assets attributable to the Selling-Broker-Dealer, and/or may be a fixed dollar amount.

You should ask your Selling Agent for further information about what commissions or other compensation he or she, or the Selling Broker-Dealer for which he or she works, may receive in connection with your purchase of a Contract.

Commissions may be waived or reduced in connection with certain transactions described in this Prospectus under the heading "Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates." During 2003, 2004, and 2005, approximately $202,894, $23,807, and $12,401, respectively, in commissions were paid to but not retained by Clarendon in connection with the distribution of the Contracts.

PERFORMANCE INFORMATION

From time to time the Variable Account may publish reports to shareholders, sales literature and advertisements containing performance information relating to the Sub-Accounts. This information may include standardized and non-standardized "Average Annual Total Return," "Cumulative Growth Rate" and "Compound Growth Rate." We may also advertise "yield" and "effective yield" for some variable options.

Average Annual Total Return measures the net income of the Sub-Account and any realized or unrealized gains or losses of the Fund in which it invests, over the period stated. Average Annual Total Return figures are annualized and represent the average annual percentage change in the value of an investment in a Sub-Account over that period. Standardized Average Annual Total Return information covers the period after the Variable Account was established or, if shorter, the life of the Sub-Account. Non-standardized Average Annual Total Return covers the life of each Fund, which may predate the Variable Account. Cumulative Growth Rate represents the cumulative change in the value of an investment in the Sub-Account for the period stated, and is arrived at by calculating the change in the Accumulation Unit Value of a Sub-Account between the first and the last day of the period being measured. The difference is expressed as a percentage of the Accumulation Unit Value at the beginning of the base period. "Compound Growth Rate" is an annualized measure, calculated by applying a formula that determines the level of return which, if earned over the entire period, would produce the cumulative return.

Average Annual Total Return figures assume an initial purchase payment of $1,000 and reflect all applicable withdrawal and Contract charges. The Cumulative Growth Rate and Compound Growth Rate figures that we advertise do not reflect withdrawal charges or the Account Fee, although such figures do reflect all recurring charges. Results calculated without withdrawal and/or certain Contract charges will be higher. We may also use other types of rates of return that do not reflect withdrawal and Contract charges.

The performance figures used by the Variable Account are based on the actual historical performance of the underlying Funds for the specified periods, and the figures are not intended to indicate future performance. For periods before the date the Contracts became available, we calculate the performance information for the Sub-Account on a hypothetical basis. To do this, we reflect deductions of the current Contract fees and charges from the historical performance of the corresponding Funds.

Yield is a measure of the net dividend and interest income earned over a specific one month or 30-day period (7-day period for the available Money Market Sub-Account), expressed as a percentage of the value of the Sub-Account's Accumulation Units. Yield is an annualized figure, which means that we assume that the Sub-Account generates the same level of net income over a one-year period and compound that income on a semi-annual basis. We calculate the effective yield for the Money Market Sub-Account similarly, but include the increase due to assumed compounding. The Money Market Sub-Account's effective yield will be slightly higher than its yield as a result of its compounding effect.

The Variable Account may also from time to time compare its investment performance to various unmanaged indices or other variable annuities and may refer to certain rating and other organizations in its marketing materials. More information on performance and our computations is set forth in the Statement of Additional Information.

The Company may also advertise the ratings and other information assigned to it by independent industry ratings organizations. Some of these organizations are A.M. Best, Moody's Investor's Service, and Standard and Poor's Insurance Rating Services. Each year A.M. Best reviews the financial status of thousands of insurers, culminating in the assignment of Best's rating. These ratings reflect A.M. Best's current opinion of the relevant financial strength and operating performance of an insurance company in comparison to the norms of the life/health industry. Best's ratings range from A++ to F. The Standard and Poor's rating measures the ability of an insurance company to meet its obligations under insurance policies it issues. This rating does not measure the insurance company's ability to meet non-policy obligations. Ratings in general do not relate to the performance of the Sub-Accounts.

We may also advertise endorsements from organizations, individuals or other parties that recommend the Company or the Contracts. We may occasionally include in advertisements (1) comparisons of currently taxable and tax deferred investment programs, based on selected tax brackets; or (2) discussions of alternative investment vehicles and general economic conditions.

AVAILABLE INFORMATION

The Company and the Variable Account have filed with the SEC registration statements under the Securities Act of 1933 relating to the Contracts. This Prospectus does not contain all of the information contained in the registration statements and their exhibits. For further information regarding the Variable Account, the Company and the Contracts, please refer to the registration statements and their exhibits.

In addition, the Company is subject to the informational requirements of the Securities Exchange Act of 1934. We file reports and other information with the SEC to meet these requirements.

You can inspect and copy this information and our registration statements at the SEC's public reference facilities at the following locations: Washington, D.C. -- 450 Fifth Street, N.W., Room 1024, Washington, D.C. 20549; Chicago, Illinois -- 500 West Madison Street, Chicago, IL. The Washington, D.C. office will also provide copies by mail for a fee. You may also find these materials on the SEC's website (http:// www.sec.gov).

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

The Company's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the SEC pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") is incorporated herein by reference. All documents or reports we file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this prospectus and prior to the termination of the offering, shall be deemed incorporated by reference into the prospectus.

The Company will furnish, without charge, to each person to whom a copy of this Prospectus is delivered, upon the written or oral request of such person, a copy of the documents referred to above which have been incorporated by reference into this Prospectus, other than exhibits to such documents (unless such exhibits are specifically incorporated by reference in this Prospectus). Requests for such documents should be directed to the Secretary, Sun Life Assurance Company of Canada (U.S.), One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481, telephone (800) 225-3950.

STATE REGULATION

The Company is subject to the laws of the State of Delaware governing life insurance companies and to regulation by the Commissioner of Insurance of Delaware. An annual statement is filed with the Commissioner of Insurance on or before March 1st in each year relating to the operations of the Company for the preceding year and its financial condition on December 31st of such year. Its books and records are subject to review or examination by the Commissioner or his agents at any time and a full examination of its operations is conducted at periodic intervals.

The Company is also subject to the insurance laws and regulations of the other states and jurisdictions in which it is licensed to operate. The laws of the various jurisdictions establish supervisory agencies with broad administrative powers with respect to licensing to transact business, overseeing trade practices, licensing agents, approving policy forms, establishing reserve requirements, fixing maximum interest rates on life insurance policy loans and minimum rates for accumulation of surrender values, prescribing the form and content of required financial statements and regulating the type and amounts of investments permitted. Each insurance company is required to file detailed annual reports with supervisory agencies in each of the jurisdictions in which it does business and its operations and accounts are subject to examination by such agencies at regular intervals.

In addition, many states regulate affiliated groups of insurers, such as the Company, Sun Life (Canada) and its affiliates, under insurance holding company legislation. Under such laws, inter-company transfers of assets and dividend payments from insurance subsidiaries may be subject to prior notice or approval, depending on the size of such transfers and payments in relation to the financial positions of the companies involved. Under insurance guaranty fund laws in most states, insurers doing business therein can be assessed (up to prescribed limits) for policyholder losses incurred by insolvent companies. The amount of any future assessments of the Company under these laws cannot be reasonably estimated. However, most of these laws do provide that an assessment may be excused or deferred if it would threaten an insurer's own financial strength and many permit the deduction of all or a portion of any such assessment from any future premium or similar taxes payable.

Although the federal government generally does not directly regulate the business of insurance, federal initiatives often have an impact on the business in a variety of ways. Current and proposed federal measures which may significantly affect the insurance business include employee benefit regulation, removal of barriers preventing banks from engaging in the insurance business, tax law changes affecting the taxation of insurance companies, the tax treatment of insurance products and its impact on the relative desirability of various personal investment vehicles.

LEGAL PROCEEDINGS

There are no pending legal proceedings affecting the Variable Account. We and our subsidiaries are engaged in various kinds of routine litigation which, in management's judgment, is not of material importance to our respective total assets or material with respect to the Variable Account.

FINANCIAL STATEMENTS

The financial statements of the Company which are included in the SAI should be considered only as bearing on the ability of the Company to meet its obligations with respect to amounts allocated to the Fixed Account and with respect to the death benefit and the Company's assumption of the mortality and expense risks. They should not be considered as bearing on the investment performance of the Fund shares held in the Sub-Accounts of the Variable Account.

The financial statements of the Variable Account for the year ended December 31, 2005 are also included in the SAI.

                                 

 
 

 


TABLE OF CONTENTS OF STATEMENT OF ADDITIONAL INFORMATION

Sun Life Assurance Company of Canada (U.S.)
 
Advertising and Sales Literature
 
Calculations
 
  Example of Variable Accumulation Unit Value Calculation
 
  Example of Variable Annuity Unit Calculation
 
  Example of Variable Annuity Payment Calculation
 
Distribution of the Contracts
 
Designation and Change of Beneficiary
 
Custodian
 
Independent Registered Public Accounting Firm
 
Financial Statements
 


 
 

 


This Prospectus sets forth information about the Contract and the Variable Account that a prospective purchaser should know before investing. Additional information about the Contract and the Variable Account has been filed with the Securities and Exchange Commission in a Statement of Additional Information dated May 1, 2006 which is incorporated herein by reference. The Statement of Additional Information is available upon request and without charge from Sun Life Assurance Company of Canada (U.S.). To receive a copy, return this request form to the address shown below or telephone (800) 752-7215.
-------------------------------------------------------------------------------

To:
Sun Life Assurance Company of Canada (U.S.)
 
P.O. Box 9133
 
Wellesley Hills, Massachusetts 02481
   
 
Please send me a Statement of Additional Information for
 
MFS Regatta Flex-4 Variable and Fixed Annuity
 
Sun Life of Canada (U.S.) Variable Account F.


Name
                                                                                                        
   
Address
                                                                                                        
   
City
                                                           State                Zip               
   
Telephone
                                                                                                         



 
 

 

APPENDIX A
GLOSSARY

The following terms as used in this Prospectus have the indicated meanings:

ACCOUNT or PARTICIPANT ACCOUNT: An account established for each Participant to which Net Purchase Payments are credited.

ACCOUNT VALUE: The Variable Accumulation Value, if any, plus the Fixed Accumulation Value, if any, of your Account for any Valuation Period.

ACCOUNT YEAR and ACCOUNT ANNIVERSARY: Your first Account Year is the period 365 days from the date on which we issued your Contract. Your Account Anniversary is the last day of an Account Year. Each Account Year after the first is the 365-day period that begins on your Account Anniversary. For example, if the Contract Date is on March 12, the first Account Year is determined from the Contract Date and ends on March 12 of the following year. Your Account Anniversary is March 12 and all Account Years after the first are measured from March 12. (If the Anniversary Date falls on a non-business day, the previous business day will be used.)

ACCUMULATION PHASE: The period before the Annuity Commencement Date and during the lifetime of the Annuitant during which you make Purchase Payments under the Contract. This is called the "Accumulation Period" in the Contract.

*ANNUITANT: The person or persons to whom the first annuity payment is made. If the Annuitant dies prior to the Annuity Commencement Date, the Co-Annuitant will become the sole Annuitant. If the Co-Annuitant dies or if no Co-Annuitant is named, the Participant becomes the Annuitant upon the Annuitant's death prior to the Annuity Commencement Date. If you have not named a sole Annuitant on the 30th day before the Annuity Commencement Date and both the Annuitant and Co-Annuitant are living, the Co-Annuitant will be the sole Annuitant/Payee during the Income Phase.

ANNUITY COMMENCEMENT DATE: The date on which the first annuity payment under each Contract is to be made.

ANNUITY OPTION: The method you choose for making annuity payments.

ANNUITY UNIT: A unit of measure used in the calculation of the amount of the second and each subsequent Variable Annuity payment from the Variable Account.

APPLICATION: The document signed by you or other evidence acceptable to us that serves as your application for participation under a Group Contract or purchase of an Individual Contract.

*BENEFICIARY: The person or entity having the right to receive the death benefit and, for a Certificate issued under a Non-Qualified Contract, who is the "designated beneficiary" for purposes of Section 72(s) of the Code in the event of the Participant's death. Notwithstanding the foregoing, if there are Co-Participants of a Non-Qualified Contract, the surviving Co-Participant will be deemed the beneficiary under the preceding sentence and any other designated beneficiary will be treated as a contingent beneficiary.

BUSINESS DAY: Any day the New York Stock Exchange is open for trading. Also, any day on which we make a determination of the value of a Variable Accumulation Unit.

CERTIFICATE: The document for each Participant which evidences the coverage of the Participant under a Group Contract.

COMPANY ("WE," "US," "SUN LIFE (U.S.)"): Sun Life Assurance Company of Canada (U.S.).

CONTRACT: Any Individual Contract, Group Contract, or Certificate issued under a Group Contract.

CONTRACT DATE: The date on which we issue your Contract. This is called the "Date of Coverage" in the Contract.

COVERED PERSON: The person(s) identified as such in the Contract whose death will trigger the death benefit provisions of the Contract and whose medically necessary stay in a hospital or nursing facility may allow the Participant to be eligible for a waiver of the withdrawal charge. Unless otherwise noted, the Participant/Owner is the Covered Person.

DEATH BENEFIT DATE: If you have elected a death benefit payment option before the Covered Person's death that remains in effect, the date on which we receive Due Proof of Death. If your Beneficiary elects the death benefit payment option, the later of (a) the date on which we receive the Beneficiary's election and (b) the date on which we receive Due Proof of Death. If we do not receive the Beneficiary's election within 60 days after we receive Due Proof of Death, the Death Benefit Date will be the last day of the 60 day period and we will pay the death benefit in one lump sum.

DUE PROOF OF DEATH: An original certified copy of an official death certificate, an original certified copy of a decree of a court of competent jurisdiction as to the finding of death, or any other proof satisfactory to the Company.

FIXED ACCOUNT: The general account of the Company, consisting of all assets of the Company other than those allocated to a separate account of the Company.

FIXED ACCOUNT VALUE: The value of that portion of your Account allocated to the Fixed Account.

FIXED ANNUITY: An annuity with payments which do not vary as to dollar amount.

FUND: A registered management investment company, or series thereof, in which assets of a Sub-Account may be invested.

GROUP CONTRACT: A Contract issued by the Company on a group basis.

GUARANTEE AMOUNT: Each separate allocation of Account Value to a particular Guarantee Period (including interest earned thereon).

GUARANTEE PERIOD: The period for which a Guaranteed Interest Rate is credited.

GUARANTEED INTEREST RATE: The rate of interest we credit on a compound annual basis during any Guarantee Period.

INCOME PHASE: The period on and after the Annuity Commencement Date and during the lifetime of the Annuitant during which we make annuity payments under the Contract.

INDIVIDUAL CONTRACT: A Contract issued by the Company on an individual basis.

NET INVESTMENT FACTOR: An index applied to measure the investment performance of a Sub-Account from one Valuation Period to the next. The Net Investment Factor may be greater or less than or equal to one.

NET PURCHASE PAYMENT (NET PAYMENTS): The portion of a Purchase Payment which remains after the deduction of any applicable premium tax or similar tax.

NON-QUALIFIED CONTRACT: A Contract used in connection with a retirement plan that does not receive favorable federal income tax treatment under Sections 401, 403, 408, or 408A of the Internal Revenue Code. The Participant's interest in the Contract must be owned by a natural person or agent for a natural person for the Contract to receive income tax treatment as an annuity.

*OWNER: The person, persons or entity entitled to the ownership rights stated in a Group Contract and in whose name or names the Group Contract is issued. The Owner may designate a trustee or custodian of a retirement plan which meets the requirements of Section 401, Section 408(c), Section 408(k), Section 408(p) or Section 408A of the Internal Revenue Code to serve as legal owner of assets of a retirement plan, but the term "Owner," as used herein, shall refer to the organization entering into the Group Contract.

*PARTICIPANT: In the case of an Individual Contract, the owner of the Contract. In the case of a Group Contract, the person named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract, except as reserved by the Owner. If there are two Participants, the death benefit is paid upon the death of either Participant.

PAYEE: A recipient of payments under a Contract. The term includes an Annuitant or a Beneficiary who becomes entitled to benefits upon the death of the Participant, or on the Annuity Commencement Date.

PURCHASE PAYMENT (PAYMENT): An amount paid to the Company as consideration for the benefits provided by a Contract.

QUALIFIED CONTRACT: A Contract used in connection with a retirement plan which may receive favorable federal income tax treatment under Sections 401, 403, 408 or 408A of the Internal Revenue Code of 1986, as amended.

RENEWAL DATE: The last day of a Guarantee Period.

SERIES FUND: MFS/Sun Life Series Trust.

SUB-ACCOUNT: That portion of the Variable Account which invests in shares of a specific Fund.

VALUATION PERIOD: The period of time from one determination of Variable Accumulation Unit or Annuity Unit values to the next subsequent determination of these values. Value determinations are made as of the close of the New York Stock Exchange on each day that the Exchange is open for trading.

VARIABLE ACCOUNT: Variable Account F of the Company, which is a separate account of the Company consisting of assets set aside by the Company, the investment performance of which is kept separate from that of the general assets of the Company.

VARIABLE ACCUMULATION UNIT: A unit of measure used in the calculation of Variable Account Value.

VARIABLE ACCOUNT VALUE: The value of that portion of your Account allocated to the Variable Account.

VARIABLE ANNUITY: An annuity with payments which vary as to dollar amount in relation to the investment performance of the Variable Account.

* You specify these items on the Application, and may change them, as we describe in this Prospectus.


 
 

 


APPENDIX B
WITHDRAWALS, WITHDRAWAL CHARGES AND THE MARKET VALUE ADJUSTMENT

Part 1: Variable Account (the Market Value Adjustment does not apply to the Variable Account) Withdrawal Charge Calculation:

Full Withdrawal:

Assume a Purchase Payment of $40,000 is made on the Contract Date, no additional Purchase Payments are made and there are no partial withdrawals. The table below presents three examples of the withdrawal charge resulting from a full withdrawal of your Account, based on hypothetical Account Values.

 
Hypothetical
Free
Subject To
Withdrawal
Withdrawal
 
Account
Withdrawal
Withdrawal
Charge
Charge
Year
Value
Amount
Charge
Percentage
Amount
           
1a
$41,000
$ 4,000
$37,000
6.00%
$2,220
2
$44,200
$ 4,000
$40,000
6.00%
$2,400
3b
$47,700
$ 4,000
$40,000
5.00%
$2,000
4
$51,500
$ 4,000
$40,000
5.00%
$2,000
5c
$55,600
$55,600
$     0
0.00%
$    0
6
$60,000
$60,000
$     0
0.00%
$    0

(a)
The free withdrawal amount in any year is equal to 10% of all of the Purchase Payments you have made. In Account Year 1, the free withdrawal amount is $4,000, which equals 10% of the Purchase Payment of $40,000. On a full withdrawal of $41,000, the amount subject to a withdrawal charge is $37,000, which equals the Account Value of $41,000 minus the free withdrawal amount of $4,000.
   
(b)
In Account Year 3, the free withdrawal amount is $4,000, which equals 10% of the Purchase Payment of $40,000. The Account Value minus the free withdrawal amount is $47,700 minus $4,000, which equals $43,700; however, the amount subject to a withdrawal charge is capped at the amount of your unliquidated Purchase Payments. Therefore, the amount subject to a withdrawal charge is $40,000, which is the amount of your unliquidated Purchase Payments.
   
(c)
In Account Year 5, you have passed your fourth Account Anniversary, so no withdrawal charges apply to any withdrawals you make.

Partial Withdrawal

Assume a single Purchase Payment of $40,000 is made on the Contract Date, no additional Purchase Payments are made, no partial withdrawals have been taken prior to the fourth Account Year, and there is a series of 4 partial withdrawals made during the fourth Account Year of $3,000, $8,000, $12,000, and $22,000.

               
Remaining
Remaining
   
Hypothetical
Free
 
Amount of
   
Free
Hypothetical
   
Account
Withdrawal
 
Withdrawal
   
Withdrawal
Account
   
Value
Amount
Amount
Subject to
Withdrawal
Withdrawal
Amount
Value
   
Before
Before
of
Withdrawal
Charge
Charge
After
After
 
Year
Withdrawal
Withdrawal
Withdrawal
Charge
Percentage
Amount
Withdrawal
Withdrawal
                   
 
1
$41,000
$4,000
$     0
$     0
6.00%
$    0
$4,000
$41,000
 
2
$44,200
$4,000
$     0
$     0
6.00%
$    0
$4,000
$44,200
 
3
$47,700
$4,000
$     0
$     0
5.00%
$    0
$4,000
$47,700
 
4a
$48,200
$4,000
$ 3,000
$     0
5.00%
$    0
$1,000
$45,200
 
4b
$46,000
$1,000
$ 8,000
$ 7,000
5.00%
$  350
$    0
$37,650
 
4c
$38,250
$    0
$12,000
$12,000
5.00%
$  600
$    0
$25,650
 
4d
$26,050
$    0
$22,000
$21,000
5.00%
$1,050
$    0
$ 3,000
                   
Totals
$26,050
$    0
$45,000
$40,000
5.00%
$2,000
$    0
$ 3,000

(a)
In Account Year 4, the free withdrawal amount is $4,000, which equals 10% of the Purchase Payment of $40,000. The partial withdrawal amount of $3,000 is less than the free withdrawal amount, so there is no withdrawal charge.
   
(b)
Since a partial withdrawal of $3,000 was taken, the remaining free withdrawal amount in Account Year 4 is $4,000 - $3,000 = $1,000. Therefore, $1,000 of the $8,000 withdrawal is not subject to a withdrawal charge, and $7,000 is subject to a withdrawal charge. Of the $11,000 withdrawn to date, $4,000 has been from the free withdrawal amount and $7,000 has been from Purchase Payments. Therefore, the amount of unliquidated Purchase Payments is $33,000.
   
(c)
Since $4,000 of the two prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account year 4 is $4,000 - $4,000 = $0. Therefore, the entire $12,000 withdrawal is subject to a withdrawal charge. Of the $23,000 withdrawn to date, $4,000 has been from the free withdrawal amount and $19,000 has been from Purchase Payments. Therefore, the amount of unliquidated Purchase Payments is $21,000.
   
(d)
Since $4,000 of the three prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account Year 4 is $4,000 - $4,000 = $0. The amount of unliquidated Purchase Payments remaining before this withdrawal is $21,000. Therefore, $21,000 of the $22,000 withdrawal is taken from Purchase Payments and is subject to a withdrawal charge, and $1,000 of the withdrawal is taken from earnings and is not subject to a withdrawal charge. Of the $45,000 withdrawn to date, $4,000 has been from the free withdrawal amount, $40,000 has been from Purchase Payments, and $1,000 has been from earnings. The amount of unliquidated Purchase Payments is now equal to $0. Note that if the $3,000 remaining balance was withdrawn, it would all be from earnings and not subject to a withdrawal charge. The total Account Year 4 withdrawal charges would then be $2,000, which is the same amount that was assessed for a full liquidation in Account Year 4 in the example on the previous page.

Part 2 -- Fixed Account -- Examples of the Market Value Adjustment ("MVA")

The MVA Factor is:
[(1 + I) / (1 + J + b)] ^ (N/12) -1

These examples assume the following:

(1)
The Guarantee Amount was allocated to a 5-year Guarantee Period with a Guaranteed Interest Rate of 6% or .06.
   
(2)
The date of surrender is 2 years from the Expiration Date (N = 24).
   
(3)
The value of the Guarantee Amount on the date of surrender is $11,910.16.
   
(4)
The interest earned in the current Account Year is $674.16.
   
(5)
No transfers or partial withdrawals affecting this Guarantee Amount have been made.
   
(6)
Withdrawal charges, if any, are calculated in the same manner as shown in the examples in Part 1.


 
 

 

Example of a Negative MVA

Assume that on the date of surrender, the current rate (J) is 8% or .08 and the b factor is zero.

The  MVA  factor  
=
[(1 + I) / (1 + J + b)] ^ (N/12) -1
 
=
[(1 + .06) / (1 + .08)] ^ (24/12) - 1
 
=
(.981^ 2) -1
 
=
.963  -1
 
=
-  .037

The value of the Guarantee Amount less interest credited to the Guarantee Amount in the current Account Year is multiplied by the MVA factor to determine the MVA:

                             ($11,910.16 - $674.16) x (-.037) = -$415.73

-$415.73 represents the MVA that will be deducted from the value of the Guarantee Amount before the deduction of any withdrawal charge.

For a partial withdrawal of $2,000 from this Guarantee Amount, the MVA would be ($2,000.00 - $674.16) x (-.037) = -$49.06. -$49.06 represents the MVA that will be deducted from the partial withdrawal amount before the deduction of any withdrawal charge.

Example of a Positive MVA:

Assume that on the date of surrender, the current rate (J) is 5% or .05 and the b factor is zero.

The  MVA  factor  
=
[(1 + I) / (1 + J + b)] ^ (N/12) -1
 
=
[(1 + .06) / (1 + .05)] ^ (24/12) - 1
 
=
(1.010 ^ 2) -1
 
=
1.019  -1
 
=
.019

The value of the Guarantee Amount less interested credit to the Guarantee Amount in the current Account Year is multiplied by the MVA factor to determine the MVA:

                                                             ($11,910.16 - $674.16) x .019 = $213.48

$213.48 represents the MVA that would be added to the value of the Guarantee Amount before the deduction of any withdrawal charge.

For a partial withdrawal of $2,000 from this Guarantee Amount, the MVA would be ($2,000.00 - $674.16) x .019 = $25.19.

$25.19 represents the MVA that would be added to the value of the partial withdrawal amount before the deduction of any withdrawal charge.


 
 

 

APPENDIX C
CALCULATION OF BASIC DEATH BENEFIT

Example 1:

Assume a Purchase Payment of $60,000.00 is made on the Contract Date and an additional Purchase Payment of $40,000.00 is made one year later. Assume that all of the money is invested in the Sub-Accounts, that no Withdrawals are made and that the Account Value on the Death Benefit Date is $80,000.00. The calculation of the Death Benefit to be paid is as follows:

The Basic Death Benefit is the greatest of:
   
    Account Value
=
$  80,000.00
    Cash Surrender Value*
=
$  76,500.00
    Purchase Payments
=
$100,000.00
The Basic Death Benefit would therefore be:
=
$100,000.00

example 2:

Assume a Purchase Payment of $60,000.00 is made on the Contract Date and an additional Purchase Payment of $40,000.00 is made one year later. Assume that all of the money is invested in the Sub-Accounts and that the Account Value is $80,000.00 just prior to a $20,000.00 withdrawal. The Account Value on the Death Benefit Date is $60,000.00.

The Basic Death Benefit is the greatest of:
   
    Account Value
=
$ 60,000.00
    Cash Surrender Value*
=
$ 57,000.00
    Adjusted Purchase Payments**
=
$ 75,000.00
The Basic Death Benefit would therefore be:
=
$ 75,000.00

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."

**Adjusted Purchase Payments can be calculated as follows:
Payments x (Account Value after withdrawal divided by Account Value before withdrawal) $100,000.00 x ($60,000.00 divided by $80,000.00)


 
 

 

APPENDIX D
CALCULATION OF EEB OPTIONAL DEATH BENEFIT

Example 1:

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 7. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
The Death Benefit Amount would therefore
=
$135,000
                 --plus--
The EEB amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 35,000
    40% of the above amount
=
$ 14,000
    Cap of 40% of Adjusted Purchase Payments
=
$ 40,000
The lesser of the above two amounts = the EEB amount
=
$ 14,000

The total Death Benefit would be the amount paid on the Basic Death Benefit plus the EEB amount = $135,000 + $14,000 = $149,000.

Example 2:

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts and that the Account Value is $135,000 just prior to a $20,000 withdrawal. The Account Value on the Death Benefit Date is $115,000. In addition, this Contract was issued prior to the owner's 70th birthday.

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$115,000
    Cash Surrender Value*
=
$115,000
    Total of Adjusted Purchase Payments**
=
$ 85,185
The Death Benefit Amount would therefore
=
$115,000
                  --plus--
The EEB amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 29,815
    40% of the above amount
=
$ 11,926
    Cap of 40% of Adjusted Purchase Payments
=
$ 34,074
The lesser of the above two amounts = the EEB amount
=
$ 11,926

The total Death Benefit would be the amount paid on the Basic Death Benefit plus the EEB amount = $115,000 + $11,926 = $126,926.

* Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."

** Adjusted Purchase Payments can be calculated as follows:
Payments x (Account Value after withdrawal / Account Value before withdrawal) = $100,000 x ($115,000 divided by $135,000) = $85,185


 
 

 

APPENDIX E
CALCULATION OF DEATH BENEFIT WHEN EEB AND MAV AND 5% ROLL-UP RIDERS ARE SELECTED

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested in Variable Accounts. No withdrawals are made. The Account Value at the Death Benefit Date is $135,000, the value of the Purchase Payments accumulated at 5% until the Death Benefit Date is $140,000, and the Maximum Anniversary Value is $142,000. Assume death occurs in Account Year 7. The calculation of the death benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
    5% Premium Roll-up Value
=
$140,000
    Maximum Anniversary Value
=
$142,000
The Death Benefit Amount would therefore
=
$142,000

            --plus--

The EEB amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 35,000
    40% of the above amount
=
$ 14,000
    Cap of 40% of Adjusted Purchase Payments
=
$ 40,000
The lesser of the above two amounts = the EEB amount
=
$ 14,000

The total Death Benefit would be the amount paid on the Maximum Anniversary Rider plus the EEB amount = $142,000 + $14,000 = $156,000.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."


 
 

 


APPENDIX F
CALCULATION OF EEB PLUS OPTIONAL DEATH BENEFIT

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 7. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
The Death Benefit Amount would therefore
=
$135,000

             --plus--

The EEB Plus amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 35,000
    40% of the above amount
=
$ 14,000
    Cap of 100% of Adjusted Purchase Payments
=
$100,000
The lesser of the above two amounts = the EEB Plus amount
=
$ 14,000

The total Death Benefit would be the amount paid on the Basic Death Benefit plus the EEB Plus amount = $135,000 + $14,000 = $149,000.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."



 
 

 

APPENDIX G
CALCULATION OF EEB PLUS WITH MAV OPTIONAL DEATH BENEFIT

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. The Maximum Anniversary Value on the Death Benefit Date is $140,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 7. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
    Maximum Anniversary Value
=
$140,000
The Death Benefit Amount would therefore
=
$140,000

            --plus--

The EEB Plus MAV amount, calculated as follows:
   
    Death Benefit Amount before EEB minus Adjusted Purchase Payments
=
$ 40,000
    40% of the above amount
=
$ 16,000
    Cap of 100% of Adjusted Purchase Payments
=
$100,000
The lesser of the above two amounts = the EEB Plus MAV amount
=
$ 16,000

The total Death Benefit would be the amount paid on the Maximum Anniversary Rider plus the EEB Plus MAV amount = $140,000 + $16,000 = $156,000.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."


 
 

 

APPENDIX H
CALCULATION OF EEB PLUS WITH 5% ROLL-UP OPTIONAL DEATH BENEFIT

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. The value of the Purchase Payments accumulated at 5% until the Death Benefit Date is $140,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 7. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
    5% Premium Roll-Up Value
=
$140,000
The Death Benefit Amount would therefore
=
$140,000

             --plus--

The EEB Plus 5% Roll-Up amount, calculated as follows:
   
    Death Benefit Amount before EEB minus Adjusted Purchase Payments
=
$ 40,000
    40% of the above amount
=
$ 16,000
    Cap of 100% of Adjusted Purchase Payments
=
$100,000
The lesser of the above two amounts = the EEB Plus 5% Roll-Up amount
=
$ 16,000

The total Death Benefit would be the amount paid on the 5% Roll-Up Rider plus the EEB Plus 5% Roll-Up amount = $140,000 + $16,000 = $156,000.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."



 
 

 

APPENDIX I
INVESTMENT OPTIONS AND EXPENSES FOR INITIAL CLASS SHARES
'
The variable Fund options shown in this prospectus are the "Service Class" shares of the MFS/Sun Life Series Trust.  The Service Class was first offered for sale on August 27, 2001.  All Contracts purchased on or after that date are invested in the Service Class.

Each Fund also has an "Initial Class" of shares. All Contracts purchased before August 27, 2001, are invested in the "Initial Class."  The following Initial Class Funds are available to owners of such Contracts:

Large-Cap Value Equity Funds
Mid-Cap Growth Equity Funds
  MFS/ Sun Life Global Total Return Series
  MFS/ Sun Life Mid Cap Growth Series
  MFS/ Sun Life International Value Series
Small-Cap Growth Equity Funds
  MFS/Sun Life Total Return Series
  MFS/ Sun Life New Discovery Series
  MFS/ Sun Life Value Series
Specialty Funds
Large-Cap Blend Equity Funds
  MFS/ Sun Life Technology Series
  MFS/ Sun Life Core Equity Series
  MFS/ Sun Life Utilities Series
  MFS/ Sun Life Capital Opportunities Series
High-Quality Intermediate-Term Bond Funds
  MFS/ Sun Life Emerging Markets Equity Series
  MFS/ Sun Life Government Securities Series
  MFS/ Sun Life Massachusetts Investors Trust Series
  MFS/ Sun Life Global Governments Series
  MFS/ Sun Life Research Series
Medium-Quality Intermediate-Term Bond Funds
  MFS/ Sun Life Research International Series
  MFS/ Sun Life Bond Series
Large-Cap Growth Equity Funds
  MFS/ Sun Life Strategic Income Series
  MFS/ Sun Life Capital Appreciation Series
Low-Quality Intermediate-Term Bond Funds
  MFS/ Sun Life Emerging Growth Series
  MFS/ Sun Life High Yield Series
  MFS/ Sun Life Global Growth Series
Money Market Funds
  MFS/ Sun Life International Growth Series
  MFS/ Sun Life Money Market Series
  MFS/ Sun Life Massachusetts Investors Growth
 
     Stock Series
 
  MFS/ Sun Life Strategic Growth Series
 

The shares of the Initial Class have the same investment objectives, policies, and strategies as the shares of the Service Class. The only differences between the two classes are their expense ratios.  The "Total Annual Fund Operating Expenses" under the heading "FEES AND EXPENSES" and accompanying "EXAMPLE" associated with Initial Class expenses are shown below:

 
Total Annual Fund Operating Expenses
Minimum
Maximum
 
(expenses as a percentage of average daily Fund net assets that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
   
 
   Prior to any fee waiver or expense reimbursement*
0.60%
1.31%

*
The expenses shown are for the year ended December 31, 2005, and do not reflect any fee waiver or expense reimbursement.
   
 
The advisers and/or other service providers of certain Funds have agreed to reduce their fees and/or reimburse the Funds' expenses in order to keep the Funds' expenses below specified limits.  The expenses of certain Funds are reduced by contractual fee reduction and expense reimbursement arrangements that will remain in effect at least through April 30, 2007. The minimum and maximum Total Annual Fund Operating Expenses for all Funds after all fee reductions and expense reimbursements, fall within the range shown above.  Each fee reduction and/or expense reimbursement arrangement is described in the relevant Fund's prospectus.


 
 

 

EXAMPLE

*  *  *  *  *

(1)
If you surrender your Contract at the end of the applicable time period:

 
1 year
3 years
5 years
10 years
         
 
$870
$1,453
$1,654
$3,467

(2)
If you annuitize your Contract or if you do not surrender your Contract at the end of the applicable time period:

 
1 year
3 years
5 years
10 years
         
 
$319
$974
$1,654
$3,467




 
 

 

APPENDIX J
CONDENSED FINANCIAL INFORMATION

The following information for REGATTA FLEX FOUR should be read in conjunction with the Variable Account's Financial Statements appearing the Statement of Additional Information.

 
 
Fund
 
Price Level
 
 
Year
Accumulation Unit Value Beginning of Year
Accumulation Unit Value End of Year
Number of Accumulation Units End of Year Units

MFS/Sun Life Bond Series
01
2005
13.6887
13.7759
0
MFS/Sun Life Bond Series
01
2004
13.0270
13.6887
0
MFS/Sun Life Bond Series
01
2003
12.0050
13.0270
0
MFS/Sun Life Bond Series
01
2002
11.0761
12.0050
0
MFS/Sun Life Bond Series
01
2001
10.3900
11.0761
0
MFS/Sun Life Bond Series
01
2000
10.0000
10.3903
0
           
MFS/Sun Life Bond Series
02
2005
13.6027
13.6686
0
MFS/Sun Life Bond Series
02
2004
12.9649
13.6027
0
MFS/Sun Life Bond Series
02
2003
11.9659
12.9649
0
MFS/Sun Life Bond Series
02
2002
11.0568
11.9659
0
MFS/Sun Life Bond Series
02
2001
10.3880
11.0568
0
MFS/Sun Life Bond Series
02
2000
10.0000
10.3880
0
           
MFS/Sun Life Bond Series
03
2005
13.5455
13.5974
6,243
MFS/Sun Life Bond Series
03
2004
12.9235
13.5455
5,977
MFS/Sun Life Bond Series
03
2003
11.9398
12.9235
7,285
MFS/Sun Life Bond Series
03
2002
11.0439
11.9398
7,621
MFS/Sun Life Bond Series
03
2001
10.3864
11.0439
11,799
MFS/Sun Life Bond Series
03
2000
10.0000
10.3864
0
           
MFS/Sun Life Bond Series
04
2005
13.4601
13.4912
7,273
MFS/Sun Life Bond Series
04
2004
12.8617
13.4601
6,514
MFS/Sun Life Bond Series
04
2003
11.9008
12.8617
7,427
MFS/Sun Life Bond Series
04
2002
11.0246
11.9008
7,560
MFS/Sun Life Bond Series
04
2001
10.3841
11.0246
9,807
MFS/Sun Life Bond Series
04
2000
10.0000
10.3841
0
           
MFS/Sun Life Bond Series
05
2005
13.4035
13.4209
15,144
MFS/Sun Life Bond Series
05
2004
12.8207
13.4035
15,558
MFS/Sun Life Bond Series
05
2003
11.8748
12.8207
16,118
MFS/Sun Life Bond Series
05
2002
11.0117
11.8748
14,355
MFS/Sun Life Bond Series
05
2001
10.3826
11.0117
9,284
MFS/Sun Life Bond Series
05
2000
10.0000
10.3826
0
           
MFS/Sun Life Bond Series
06
2005
13.3189
13.3159
1,350
MFS/Sun Life Bond Series
06
2004
12.7592
13.3189
2,832
MFS/Sun Life Bond Series
06
2003
11.8360
12.7592
2,701
MFS/Sun Life Bond Series
06
2002
10.9924
11.8360
3,846
MFS/Sun Life Bond Series
06
2001
10.3803
10.9924
6,787
MFS/Sun Life Bond Series
06
2000
10.0000
10.3803
0
           
MFS/Sun Life Series Bond Series S Class
01
2005
12.3524
12.4115
10,744
MFS/Sun Life Series Bond Series S Class
01
2004
11.7931
12.3524
11,832
MFS/Sun Life Series Bond Series S Class
01
2003
10.8967
11.7931
12,936
MFS/Sun Life Series Bond Series S Class
01
2002
10.0828
10.8967
0
MFS/Sun Life Series Bond Series S Class
01
2001
10.0000
10.0828
0
           
MFS/Sun Life Series Bond Series S Class
02
2005
12.2898
12.3299
0
MFS/Sun Life Series Bond Series S Class
02
2004
11.7512
12.2898
0
MFS/Sun Life Series Bond Series S Class
02
2003
10.8744
11.7512
0
MFS/Sun Life Series Bond Series S Class
02
2002
10.0775
10.8744
0
MFS/Sun Life Series Bond Series S Class
02
2001
10.0000
10.0775
0
           
MFS/Sun Life Series Bond Series S Class
03
2005
12.2481
12.2756
162,946
MFS/Sun Life Series Bond Series S Class
03
2004
11.7233
12.2481
219,917
MFS/Sun Life Series Bond Series S Class
03
2003
10.8596
11.7233
232,685
MFS/Sun Life Series Bond Series S Class
03
2002
10.0740
10.8596
195,162
MFS/Sun Life Series Bond Series S Class
03
2001
10.0000
10.0740
16,464
           
MFS/Sun Life Series Bond Series S Class
04
2005
12.1859
12.1947
193,003
MFS/Sun Life Series Bond Series S Class
04
2004
11.6816
12.1859
211,057
MFS/Sun Life Series Bond Series S Class
04
2003
10.8374
11.6816
240,353
MFS/Sun Life Series Bond Series S Class
04
2002
10.0687
10.8374
184,111
MFS/Sun Life Series Bond Series S Class
04
2001
10.0000
10.0687
21,025
           
MFS/Sun Life Series Bond Series S Class
05
2005
12.1445
12.1411
100,641
MFS/Sun Life Series Bond Series S Class
05
2004
11.6538
12.1445
107,875
MFS/Sun Life Series Bond Series S Class
05
2003
10.8226
11.6538
131,873
MFS/Sun Life Series Bond Series S Class
05
2002
10.0651
10.8226
124,763
MFS/Sun Life Series Bond Series S Class
05
2001
10.0000
10.0651
11,217
           
MFS/Sun Life Series Bond Series S Class
06
2005
12.0826
12.0609
197,489
MFS/Sun Life Series Bond Series S Class
06
2004
11.6122
12.0826
216,416
MFS/Sun Life Series Bond Series S Class
06
2003
10.8004
11.6122
269,262
MFS/Sun Life Series Bond Series S Class
06
2002
10.0598
10.8004
297,032
MFS/Sun Life Series Bond Series S Class
06
2001
10.0000
10.0598
41,973
           
MFS/Sun Life Series Capital Appreciation Series
01
2005
6.0549
6.0434
0
MFS/Sun Life Series Capital Appreciation Series
01
2004
5.5147
6.0549
0
MFS/Sun Life Series Capital Appreciation Series
01
2003
4.3322
5.5147
0
MFS/Sun Life Series Capital Appreciation Series
01
2002
6.4786
4.3322
0
MFS/Sun Life Series Capital Appreciation Series
01
2001
8.7718
6.4786
0
MFS/Sun Life Series Capital Appreciation Series
01
2000
10.0000
8.7718
0
           
MFS/Sun Life Series Capital Appreciation Series
02
2005
6.0168
5.9963
0
MFS/Sun Life Series Capital Appreciation Series
02
2004
5.4883
6.0168
0
MFS/Sun Life Series Capital Appreciation Series
02
2003
4.3180
5.4883
0
MFS/Sun Life Series Capital Appreciation Series
02
2002
6.4673
4.3180
0
MFS/Sun Life Series Capital Appreciation Series
02
2001
8.7698
6.4673
0
MFS/Sun Life Series Capital Appreciation Series
02
2000
10.0000
8.7698
0
           
MFS/Sun Life Series Capital Appreciation Series
03
2005
5.9915
5.9650
49,881
MFS/Sun Life Series Capital Appreciation Series
03
2004
5.4708
5.9915
62,149
MFS/Sun Life Series Capital Appreciation Series
03
2003
4.3086
5.4708
58,714
MFS/Sun Life Series Capital Appreciation Series
03
2002
6.4597
4.3086
57,267
MFS/Sun Life Series Capital Appreciation Series
03
2001
8.7685
6.4597
55,801
MFS/Sun Life Series Capital Appreciation Series
03
2000
10.0000
8.7685
0
           
MFS/Sun Life Series Capital Appreciation Series
04
2005
5.9537
5.9184
19,516
MFS/Sun Life Series Capital Appreciation Series
04
2004
5.4445
5.9537
19,491
MFS/Sun Life Series Capital Appreciation Series
04
2003
4.2945
5.4445
23,346
MFS/Sun Life Series Capital Appreciation Series
04
2002
6.4484
4.2945
25,329
MFS/Sun Life Series Capital Appreciation Series
04
2001
8.7666
6.4484
17,846
MFS/Sun Life Series Capital Appreciation Series
04
2000
10.0000
8.7666
381,675
           
MFS/Sun Life Series Capital Appreciation Series
05
2005
5.9286
5.8875
31,843
MFS/Sun Life Series Capital Appreciation Series
05
2004
5.4271
5.9286
48,161
MFS/Sun Life Series Capital Appreciation Series
05
2003
4.2851
5.4271
44,833
MFS/Sun Life Series Capital Appreciation Series
05
2002
6.4408
4.2851
55,250
MFS/Sun Life Series Capital Appreciation Series
05
2001
8.7653
6.4408
53,620
MFS/Sun Life Series Capital Appreciation Series
05
2000
10.0000
8.7653
3,309
           
MFS/Sun Life Series Capital Appreciation Series
06
2005
5.8911
5.8414
5,144
MFS/Sun Life Series Capital Appreciation Series
06
2004
5.4011
5.8911
3,279
MFS/Sun Life Series Capital Appreciation Series
06
2003
4.2710
5.4011
2,963
MFS/Sun Life Series Capital Appreciation Series
06
2002
6.4295
4.2710
4,031
MFS/Sun Life Series Capital Appreciation Series
06
2001
8.7633
6.4295
2,823
MFS/Sun Life Series Capital Appreciation Series
06
2000
10.0000
8.7633
0
           
MFS/Sun Life Series Capital Appreciation Series S Class
01
2005
9.0225
8.9801
0
MFS/Sun Life Series Capital Appreciation Series S Class
01
2004
8.2351
9.0225
0
MFS/Sun Life Series Capital Appreciation Series S Class
01
2003
6.4875
8.2351
0
MFS/Sun Life Series Capital Appreciation Series S Class
01
2002
9.7266
6.4875
0
MFS/Sun Life Series Capital Appreciation Series S Class
01
2001
10.0000
9.7266
0
           
MFS/Sun Life Series Capital Appreciation Series S Class
02
2005
8.9767
8.9210
0
MFS/Sun Life Series Capital Appreciation Series S Class
02
2004
8.2058
8.9767
0
MFS/Sun Life Series Capital Appreciation Series S Class
02
2003
6.4742
8.2058
0
MFS/Sun Life Series Capital Appreciation Series S Class
02
2002
9.7215
6.4742
0
MFS/Sun Life Series Capital Appreciation Series S Class
02
2001
10.0000
9.7215
0
           
MFS/Sun Life Series Capital Appreciation Series S Class
03
2005
8.9462
8.8818
161,688
MFS/Sun Life Series Capital Appreciation Series S Class
03
2004
8.1863
8.9462
152,910
MFS/Sun Life Series Capital Appreciation Series S Class
03
2003
6.4654
8.1863
167,134
MFS/Sun Life Series Capital Appreciation Series S Class
03
2002
9.7181
6.4654
142,770
MFS/Sun Life Series Capital Appreciation Series S Class
03
2001
10.0000
9.7181
25,952
           
MFS/Sun Life Series Capital Appreciation Series S Class
04
2005
8.9007
8.8232
142,817
MFS/Sun Life Series Capital Appreciation Series S Class
04
2004
8.1571
8.9007
133,679
MFS/Sun Life Series Capital Appreciation Series S Class
04
2003
6.4521
8.1571
114,738
MFS/Sun Life Series Capital Appreciation Series S Class
04
2002
9.7130
6.4521
101,750
MFS/Sun Life Series Capital Appreciation Series S Class
04
2001
10.0000
9.7130
5,656
           
MFS/Sun Life Series Capital Appreciation Series S Class
05
2005
8.8706
8.7844
162,098
MFS/Sun Life Series Capital Appreciation Series S Class
05
2004
8.1377
8.8706
139,587
MFS/Sun Life Series Capital Appreciation Series S Class
05
2003
6.4433
8.1377
150,053
MFS/Sun Life Series Capital Appreciation Series S Class
05
2002
9.7096
6.4433
127,673
MFS/Sun Life Series Capital Appreciation Series S Class
05
2001
10.0000
9.7096
13,907
           
MFS/Sun Life Series Capital Appreciation Series S Class
06
2005
8.8253
8.7263
255,186
MFS/Sun Life Series Capital Appreciation Series S Class
06
2004
8.1086
8.8253
246,705
MFS/Sun Life Series Capital Appreciation Series S Class
06
2003
6.4300
8.1086
266,520
MFS/Sun Life Series Capital Appreciation Series S Class
06
2002
9.7044
6.4300
241,708
MFS/Sun Life Series Capital Appreciation Series S Class
06
2001
10.0000
9.7044
54,049
           
MFS/Sun Life Series Capital Opportunities Series
01
2005
6.4754
6.5093
0
MFS/Sun Life Series Capital Opportunities Series
01
2004
5.8047
6.4754
0
MFS/Sun Life Series Capital Opportunities Series
01
2003
4.5745
5.8047
0
MFS/Sun Life Series Capital Opportunities Series
01
2002
6.6450
4.5745
0
MFS/Sun Life Series Capital Opportunities Series
01
2001
8.9538
6.6450
0
MFS/Sun Life Series Capital Opportunities Series
01
2000
10.0000
8.9538
0
           
MFS/Sun Life Series Capital Opportunities Series
02
2005
6.4346
6.4586
0
MFS/Sun Life Series Capital Opportunities Series
02
2004
5.7770
6.4346
0
MFS/Sun Life Series Capital Opportunities Series
02
2003
4.5595
5.7770
0
MFS/Sun Life Series Capital Opportunities Series
02
2002
6.6334
4.5595
0
MFS/Sun Life Series Capital Opportunities Series
02
2001
8.9519
6.6334
0
MFS/Sun Life Series Capital Opportunities Series
02
2000
10.0000
8.9519
0
           
MFS/Sun Life Series Capital Opportunities Series
03
2005
6.4075
6.4248
10,970
MFS/Sun Life Series Capital Opportunities Series
03
2004
5.7585
6.4075
33,782
MFS/Sun Life Series Capital Opportunities Series
03
2003
4.5495
5.7585
32,100
MFS/Sun Life Series Capital Opportunities Series
03
2002
6.6257
4.5495
30,238
MFS/Sun Life Series Capital Opportunities Series
03
2001
8.9505
6.6257
34,315
MFS/Sun Life Series Capital Opportunities Series
03
2000
10.0000
8.9505
528
           
MFS/Sun Life Series Capital Opportunities Series
04
2005
6.3671
6.3746
4,789
MFS/Sun Life Series Capital Opportunities Series
04
2004
5.7309
6.3671
3,968
MFS/Sun Life Series Capital Opportunities Series
04
2003
4.5346
5.7309
3,994
MFS/Sun Life Series Capital Opportunities Series
04
2002
6.6140
4.5346
4,606
MFS/Sun Life Series Capital Opportunities Series
04
2001
8.9486
6.6140
5,037
MFS/Sun Life Series Capital Opportunities Series
04
2000
10.0000
8.9486
0
           
MFS/Sun Life Series Capital Opportunities Series
05
2005
6.3403
6.3414
42,504
MFS/Sun Life Series Capital Opportunities Series
05
2004
5.7126
6.3403
47,915
MFS/Sun Life Series Capital Opportunities Series
05
2003
4.5247
5.7126
44,638
MFS/Sun Life Series Capital Opportunities Series
05
2002
6.6063
4.5247
42,165
MFS/Sun Life Series Capital Opportunities Series
05
2001
8.9472
6.6063
38,433
MFS/Sun Life Series Capital Opportunities Series
05
2000
10.0000
8.9472
404
           
MFS/Sun Life Series Capital Opportunities Series
06
2005
6.3002
6.2917
4,122
MFS/Sun Life Series Capital Opportunities Series
06
2004
5.6852
6.3002
12,598
MFS/Sun Life Series Capital Opportunities Series
06
2003
4.5099
5.6852
13,510
MFS/Sun Life Series Capital Opportunities Series
06
2002
6.5947
4.5099
12,160
MFS/Sun Life Series Capital Opportunities Series
06
2001
8.9453
6.5947
12,376
MFS/Sun Life Series Capital Opportunities Series
06
2000
10.0000
8.9453
0
           
MFS/Sun Life Series Capital Opportunities Series S Class
01
2005
9.2147
9.2331
20,265
MFS/Sun Life Series Capital Opportunities Series S Class
01
2004
8.2805
9.2147
20,265
MFS/Sun Life Series Capital Opportunities Series S Class
01
2003
6.5409
8.2805
20,265
MFS/Sun Life Series Capital Opportunities Series S Class
01
2002
9.5218
6.5409
20,265
MFS/Sun Life Series Capital Opportunities Series S Class
01
2001
10.0000
9.5218
12,965
           
MFS/Sun Life Series Capital Opportunities Series S Class
02
2005
9.1679
9.1723
0
MFS/Sun Life Series Capital Opportunities Series S Class
02
2004
8.2510
9.1679
0
MFS/Sun Life Series Capital Opportunities Series S Class
02
2003
6.5275
8.2510
0
MFS/Sun Life Series Capital Opportunities Series S Class
02
2002
9.5168
6.5275
0
MFS/Sun Life Series Capital Opportunities Series S Class
02
2001
10.0000
9.5168
0
           
MFS/Sun Life Series Capital Opportunities Series S Class
03
2005
9.1368
9.1320
48,199
MFS/Sun Life Series Capital Opportunities Series S Class
03
2004
8.2314
9.1368
55,238
MFS/Sun Life Series Capital Opportunities Series S Class
03
2003
6.5186
8.2314
65,790
MFS/Sun Life Series Capital Opportunities Series S Class
03
2002
9.5134
6.5186
54,787
MFS/Sun Life Series Capital Opportunities Series S Class
03
2001
10.0000
9.5134
12,550
           
MFS/Sun Life Series Capital Opportunities Series S Class
04
2005
9.0904
9.0717
28,084
MFS/Sun Life Series Capital Opportunities Series S Class
04
2004
8.2020
9.0904
39,445
MFS/Sun Life Series Capital Opportunities Series S Class
04
2003
6.5052
8.2020
37,256
MFS/Sun Life Series Capital Opportunities Series S Class
04
2002
9.5084
6.5052
39,323
MFS/Sun Life Series Capital Opportunities Series S Class
04
2001
10.0000
9.5084
8,430
           
MFS/Sun Life Series Capital Opportunities Series S Class
05
2005
9.0595
9.0318
57,564
MFS/Sun Life Series Capital Opportunities Series S Class
05
2004
8.1825
9.0595
61,207
MFS/Sun Life Series Capital Opportunities Series S Class
05
2003
6.4963
8.1825
69,864
MFS/Sun Life Series Capital Opportunities Series S Class
05
2002
9.5051
6.4963
66,133
MFS/Sun Life Series Capital Opportunities Series S Class
05
2001
10.0000
9.5051
14,611
           
MFS/Sun Life Series Capital Opportunities Series S Class
06
2005
9.0133
8.9721
56,881
MFS/Sun Life Series Capital Opportunities Series S Class
06
2004
8.1532
9.0133
71,264
MFS/Sun Life Series Capital Opportunities Series S Class
06
2003
6.4829
8.1532
79,576
MFS/Sun Life Series Capital Opportunities Series S Class
06
2002
9.5001
6.4829
72,838
MFS/Sun Life Series Capital Opportunities Series S Class
06
2001
10.0000
9.5001
27,058
           
MFS/Sun Life Series Core Equity Series
01
2005
9.4994
10.0111
0
MFS/Sun Life Series Core Equity Series
01
2004
8.3793
9.4994
0
MFS/Sun Life Series Core Equity Series
01
2003
6.6261
8.3793
0
MFS/Sun Life Series Core Equity Series
01
2002
8.5244
6.6261
0
MFS/Sun Life Series Core Equity Series
01
2001
9.6740
8.5244
0
MFS/Sun Life Series Core Equity Series
01
2000
10.0000
9.6740
0
           
MFS/Sun Life Series Core Equity Series
02
2005
9.4397
9.9331
0
MFS/Sun Life Series Core Equity Series
02
2004
8.3393
9.4397
0
MFS/Sun Life Series Core Equity Series
02
2003
6.6045
8.3393
0
MFS/Sun Life Series Core Equity Series
02
2002
8.5095
6.6045
0
MFS/Sun Life Series Core Equity Series
02
2001
9.6719
8.5095
0
MFS/Sun Life Series Core Equity Series
02
2000
10.0000
9.6719
0
           
MFS/Sun Life Series Core Equity Series
03
2005
9.3999
9.8813
2,327
MFS/Sun Life Series Core Equity Series
03
2004
8.3127
9.3999
2,215
MFS/Sun Life Series Core Equity Series
03
2003
6.5901
8.3127
3,279
MFS/Sun Life Series Core Equity Series
03
2002
8.4996
6.5901
2,447
MFS/Sun Life Series Core Equity Series
03
2001
9.6704
8.4996
4,674
MFS/Sun Life Series Core Equity Series
03
2000
10.0000
9.6704
0
           
MFS/Sun Life Series Core Equity Series
04
2005
9.3406
9.8041
4,553
MFS/Sun Life Series Core Equity Series
04
2004
8.2729
9.3406
5,962
MFS/Sun Life Series Core Equity Series
04
2003
6.5685
8.2729
6,751
MFS/Sun Life Series Core Equity Series
04
2002
8.4847
6.5685
7,699
MFS/Sun Life Series Core Equity Series
04
2001
9.6683
8.4847
8,973
MFS/Sun Life Series Core Equity Series
04
2000
10.0000
9.6683
0
           
MFS/Sun Life Series Core Equity Series
05
2005
9.3014
9.7530
8,286
MFS/Sun Life Series Core Equity Series
05
2004
8.2465
9.3014
5,533
MFS/Sun Life Series Core Equity Series
05
2003
6.5542
8.2465
10,506
MFS/Sun Life Series Core Equity Series
05
2002
8.4748
6.5542
6,699
MFS/Sun Life Series Core Equity Series
05
2001
9.6669
8.4748
7,979
MFS/Sun Life Series Core Equity Series
05
2000
10.0000
9.6669
0
           
MFS/Sun Life Series Core Equity Series
06
2005
9.2426
9.6766
0
MFS/Sun Life Series Core Equity Series
06
2004
8.2069
9.2426
2,907
MFS/Sun Life Series Core Equity Series
06
2003
6.5327
8.2069
3,034
MFS/Sun Life Series Core Equity Series
06
2002
8.4599
6.5327
3,034
MFS/Sun Life Series Core Equity Series
06
2001
9.6647
8.4599
2,034
MFS/Sun Life Series Core Equity Series
06
2000
10.0000
9.6647
0
           
MFS/Sun Life Series Core Equity Series S Class
01
2005
10.9728
11.5458
18,856
MFS/Sun Life Series Core Equity Series S Class
01
2004
9.7080
10.9728
18,856
MFS/Sun Life Series Core Equity Series S Class
01
2003
7.6990
9.7080
18,856
MFS/Sun Life Series Core Equity Series S Class
01
2002
9.9317
7.6990
18,856
MFS/Sun Life Series Core Equity Series S Class
01
2001
10.0000
9.9317
12,107
           
MFS/Sun Life Series Core Equity Series S Class
02
2005
10.9171
11.4698
0
MFS/Sun Life Series Core Equity Series S Class
02
2004
9.6734
10.9171
0
MFS/Sun Life Series Core Equity Series S Class
02
2003
7.6833
9.6734
0
MFS/Sun Life Series Core Equity Series S Class
02
2002
9.9265
7.6833
0
MFS/Sun Life Series Core Equity Series S Class
02
2001
10.0000
9.9265
0
           
MFS/Sun Life Series Core Equity Series S Class
03
2005
10.8801
11.4194
45,190
MFS/Sun Life Series Core Equity Series S Class
03
2004
9.6504
10.8801
50,160
MFS/Sun Life Series Core Equity Series S Class
03
2003
7.6728
9.6504
43,544
MFS/Sun Life Series Core Equity Series S Class
03
2002
9.9230
7.6728
31,545
MFS/Sun Life Series Core Equity Series S Class
03
2001
10.0000
9.9230
2,660
           
MFS/Sun Life Series Core Equity Series S Class
04
2005
10.8248
11.3441
62,728
MFS/Sun Life Series Core Equity Series S Class
04
2004
9.6160
10.8248
48,505
MFS/Sun Life Series Core Equity Series S Class
04
2003
7.6571
9.6160
57,878
MFS/Sun Life Series Core Equity Series S Class
04
2002
9.9178
7.6571
30,911
MFS/Sun Life Series Core Equity Series S Class
04
2001
10.0000
9.9178
2,014
           
MFS/Sun Life Series Core Equity Series S Class
05
2005
10.7880
11.2942
30,572
MFS/Sun Life Series Core Equity Series S Class
05
2004
9.5932
10.7880
37,559
MFS/Sun Life Series Core Equity Series S Class
05
2003
7.6466
9.5932
40,194
MFS/Sun Life Series Core Equity Series S Class
05
2002
9.9143
7.6466
52,451
MFS/Sun Life Series Core Equity Series S Class
05
2001
10.0000
9.9143
18,724
           
MFS/Sun Life Series Core Equity Series S Class
06
2005
10.7330
11.2195
68,460
MFS/Sun Life Series Core Equity Series S Class
06
2004
9.5589
10.7330
62,231
MFS/Sun Life Series Core Equity Series S Class
06
2003
7.6309
9.5589
62,621
MFS/Sun Life Series Core Equity Series S Class
06
2002
9.9091
7.6309
61,966
MFS/Sun Life Series Core Equity Series S Class
06
2001
10.0000
9.9091
16,281
           
MFS/Sun Life Series Emerging Growth Series
01
2005
5.3837
5.8112
0
MFS/Sun Life Series Emerging Growth Series
01
2004
4.8072
5.3837
0
MFS/Sun Life Series Emerging Growth Series
01
2003
3.6964
4.8072
0
MFS/Sun Life Series Emerging Growth Series
01
2002
5.6781
3.6964
0
MFS/Sun Life Series Emerging Growth Series
01
2001
8.7767
5.6781
0
MFS/Sun Life Series Emerging Growth Series
01
2000
10.0000
8.7767
0
           
MFS/Sun Life Series Emerging Growth Series
02
2005
5.3498
5.7659
0
MFS/Sun Life Series Emerging Growth Series
02
2004
4.7842
5.3498
0
MFS/Sun Life Series Emerging Growth Series
02
2003
3.6843
4.7842
0
MFS/Sun Life Series Emerging Growth Series
02
2002
5.6681
3.6843
0
MFS/Sun Life Series Emerging Growth Series
02
2001
8.7747
5.6681
0
MFS/Sun Life Series Emerging Growth Series
02
2000
10.0000
8.7747
0
           
MFS/Sun Life Series Emerging Growth Series
03
2005
5.3273
5.7358
13,074
MFS/Sun Life Series Emerging Growth Series
03
2004
4.7689
5.3273
41,844
MFS/Sun Life Series Emerging Growth Series
03
2003
3.6763
4.7689
42,072
MFS/Sun Life Series Emerging Growth Series
03
2002
5.6615
3.6763
47,919
MFS/Sun Life Series Emerging Growth Series
03
2001
8.7734
5.6615
46,193
MFS/Sun Life Series Emerging Growth Series
03
2000
10.0000
8.7734
0
           
MFS/Sun Life Series Emerging Growth Series
04
2005
5.2937
5.6910
22,334
MFS/Sun Life Series Emerging Growth Series
04
2004
4.7460
5.2937
25,215
MFS/Sun Life Series Emerging Growth Series
04
2003
3.6642
4.7460
25,685
MFS/Sun Life Series Emerging Growth Series
04
2002
5.6516
3.6642
28,375
MFS/Sun Life Series Emerging Growth Series
04
2001
8.7715
5.6516
24,040
MFS/Sun Life Series Emerging Growth Series
04
2000
10.0000
8.7715
0
           
MFS/Sun Life Series Emerging Growth Series
05
2005
5.2714
5.6613
27,761
MFS/Sun Life Series Emerging Growth Series
05
2004
4.7309
5.2714
37,868
MFS/Sun Life Series Emerging Growth Series
05
2003
3.6562
4.7309
41,575
MFS/Sun Life Series Emerging Growth Series
05
2002
5.6449
3.6562
51,558
MFS/Sun Life Series Emerging Growth Series
05
2001
8.7702
5.6449
51,347
MFS/Sun Life Series Emerging Growth Series
05
2000
10.0000
8.7702
2,246
           
MFS/Sun Life Series Emerging Growth Series
06
2005
5.2380
5.6169
735
MFS/Sun Life Series Emerging Growth Series
06
2004
4.7081
5.2380
1,206
MFS/Sun Life Series Emerging Growth Series
06
2003
3.6442
4.7081
3,648
MFS/Sun Life Series Emerging Growth Series
06
2002
5.6350
3.6442
1,211
MFS/Sun Life Series Emerging Growth Series
06
2001
8.7682
5.6350
1,213
MFS/Sun Life Series Emerging Growth Series
06
2000
10.0000
8.7682
0
           
MFS/Sun Life Series Emerging Growth Series S Class
01
2005
9.1430
9.8473
0
MFS/Sun Life Series Emerging Growth Series S Class
01
2004
8.1839
9.1430
0
MFS/Sun Life Series Emerging Growth Series S Class
01
2003
6.3101
8.1839
0
MFS/Sun Life Series Emerging Growth Series S Class
01
2002
9.7192
6.3101
0
MFS/Sun Life Series Emerging Growth Series S Class
01
2001
10.0000
9.7192
0
           
MFS/Sun Life Series Emerging Growth Series S Class
02
2005
9.0966
9.7825
0
MFS/Sun Life Series Emerging Growth Series S Class
02
2004
8.1548
9.0966
0
MFS/Sun Life Series Emerging Growth Series S Class
02
2003
6.2972
8.1548
0
MFS/Sun Life Series Emerging Growth Series S Class
02
2002
9.7140
6.2972
0
MFS/Sun Life Series Emerging Growth Series S Class
02
2001
10.0000
9.7140
0
           
MFS/Sun Life Series Emerging Growth Series S Class
03
2005
9.0657
9.7395
59,476
MFS/Sun Life Series Emerging Growth Series S Class
03
2004
8.1354
9.0657
58,222
MFS/Sun Life Series Emerging Growth Series S Class
03
2003
6.2886
8.1354
52,054
MFS/Sun Life Series Emerging Growth Series S Class
03
2002
9.7106
6.2886
41,696
MFS/Sun Life Series Emerging Growth Series S Class
03
2001
10.0000
9.7106
8,939
           
MFS/Sun Life Series Emerging Growth Series S Class
04
2005
9.0196
9.6752
77,030
MFS/Sun Life Series Emerging Growth Series S Class
04
2004
8.1064
9.0196
82,028
MFS/Sun Life Series Emerging Growth Series S Class
04
2003
6.2757
8.1064
66,401
MFS/Sun Life Series Emerging Growth Series S Class
04
2002
9.7055
6.2757
64,962
MFS/Sun Life Series Emerging Growth Series S Class
04
2001
10.0000
9.7055
9,733
           
MFS/Sun Life Series Emerging Growth Series S Class
05
2005
8.9890
9.6327
51,491
MFS/Sun Life Series Emerging Growth Series S Class
05
2004
8.0871
8.9890
45,612
MFS/Sun Life Series Emerging Growth Series S Class
05
2003
6.2671
8.0871
41,377
MFS/Sun Life Series Emerging Growth Series S Class
05
2002
9.7021
6.2671
42,863
MFS/Sun Life Series Emerging Growth Series S Class
05
2001
10.0000
9.7021
11,817
           
MFS/Sun Life Series Emerging Growth Series S Class
06
2005
8.9432
9.5690
132,715
MFS/Sun Life Series Emerging Growth Series S Class
06
2004
8.0582
8.9432
134,305
MFS/Sun Life Series Emerging Growth Series S Class
06
2003
6.2542
8.0582
152,016
MFS/Sun Life Series Emerging Growth Series S Class
06
2002
9.6970
6.2542
135,620
MFS/Sun Life Series Emerging Growth Series S Class
06
2001
10.0000
9.6970
34,711
           
MFS/Sun Life Series Emerging Markets Equity Series
01
2005
16.9609
22.9420
0
MFS/Sun Life Series Emerging Markets Equity Series
01
2004
13.4848
16.9609
0
MFS/Sun Life Series Emerging Markets Equity Series
01
2003
8.9347
13.4848
0
MFS/Sun Life Series Emerging Markets Equity Series
01
2002
9.2125
8.9347
0
MFS/Sun Life Series Emerging Markets Equity Series
01
2001
9.4131
9.2125
0
MFS/Sun Life Series Emerging Markets Equity Series
01
2000
10.0000
9.4131
0
           
MFS/Sun Life Series Emerging Markets Equity Series
02
2005
16.8543
22.7633
0
MFS/Sun Life Series Emerging Markets Equity Series
02
2004
13.4204
16.8543
0
MFS/Sun Life Series Emerging Markets Equity Series
02
2003
8.9055
13.4204
0
MFS/Sun Life Series Emerging Markets Equity Series
02
2002
9.1964
8.9055
0
MFS/Sun Life Series Emerging Markets Equity Series
02
2001
9.4110
9.1964
0
MFS/Sun Life Series Emerging Markets Equity Series
02
2000
10.0000
9.4110
0
           
MFS/Sun Life Series Emerging Markets Equity Series
03
2005
16.7834
22.6447
2,661
MFS/Sun Life Series Emerging Markets Equity Series
03
2004
13.3776
16.7834
3,234
MFS/Sun Life Series Emerging Markets Equity Series
03
2003
8.8861
13.3776
3,844
MFS/Sun Life Series Emerging Markets Equity Series
03
2002
9.1857
8.8861
2,767
MFS/Sun Life Series Emerging Markets Equity Series
03
2001
9.4096
9.1857
2,110
MFS/Sun Life Series Emerging Markets Equity Series
03
2000
10.0000
9.4096
0
           
MFS/Sun Life Series Emerging Markets Equity Series
04
2005
16.6777
22.4679
803
MFS/Sun Life Series Emerging Markets Equity Series
04
2004
13.3136
16.6777
2,269
MFS/Sun Life Series Emerging Markets Equity Series
04
2003
8.8570
13.3136
1,465
MFS/Sun Life Series Emerging Markets Equity Series
04
2002
9.1696
8.8570
1,466
MFS/Sun Life Series Emerging Markets Equity Series
04
2001
9.4075
9.1696
2,309
MFS/Sun Life Series Emerging Markets Equity Series
04
2000
10.0000
9.4075
0
           
MFS/Sun Life Series Emerging Markets Equity Series
05
2005
16.6075
22.3508
1,826
MFS/Sun Life Series Emerging Markets Equity Series
05
2004
13.2711
16.6075
3,446
MFS/Sun Life Series Emerging Markets Equity Series
05
2003
8.8377
13.2711
2,842
MFS/Sun Life Series Emerging Markets Equity Series
05
2002
9.1589
8.8377
4,771
MFS/Sun Life Series Emerging Markets Equity Series
05
2001
9.4061
9.1589
4,429
MFS/Sun Life Series Emerging Markets Equity Series
05
2000
10.0000
9.4061
0
           
MFS/Sun Life Series Emerging Markets Equity Series
06
2005
16.5026
22.1759
0
MFS/Sun Life Series Emerging Markets Equity Series
06
2004
13.2074
16.5026
0
MFS/Sun Life Series Emerging Markets Equity Series
06
2003
8.8087
13.2074
0
MFS/Sun Life Series Emerging Markets Equity Series
06
2002
9.1428
8.8087
0
MFS/Sun Life Series Emerging Markets Equity Series
06
2001
9.4041
9.1428
0
MFS/Sun Life Series Emerging Markets Equity Series
06
2000
10.0000
9.4041
0
           
MFS/Sun Life Series Emerging Markets Equity Series S Class
01
2005
18.8770
25.4743
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
01
2004
15.0431
18.8770
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
01
2003
9.9984
15.0431
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
01
2002
10.3284
9.9984
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
01
2001
10.0000
10.3284
0
           
MFS/Sun Life Series Emerging Markets Equity Series S Class
02
2005
18.7813
25.3069
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
02
2004
14.9896
18.7813
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
02
2003
9.9780
14.9896
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
02
2002
10.3230
9.9780
0
MFS/Sun Life Series Emerging Markets Equity Series S Class
02
2001
10.0000
10.3230
0
           
MFS/Sun Life Series Emerging Markets Equity Series S Class
03
2005
18.7176
25.1956
23,977
MFS/Sun Life Series Emerging Markets Equity Series S Class
03
2004
14.9540
18.7176
17,915
MFS/Sun Life Series Emerging Markets Equity Series S Class
03
2003
9.9643
14.9540
16,125
MFS/Sun Life Series Emerging Markets Equity Series S Class
03
2002
10.3194
9.9643
13,924
MFS/Sun Life Series Emerging Markets Equity Series S Class
03
2001
10.0000
10.3194
418
           
MFS/Sun Life Series Emerging Markets Equity Series S Class
04
2005
18.6220
25.0296
23,861
MFS/Sun Life Series Emerging Markets Equity Series S Class
04
2004
14.9010
18.6225
24,471
MFS/Sun Life Series Emerging Markets Equity Series S Class
04
2003
9.9440
14.9007
16,090
MFS/Sun Life Series Emerging Markets Equity Series S Class
04
2002
10.3140
9.9439
17,377
MFS/Sun Life Series Emerging Markets Equity Series S Class
04
2001
10.0000
10.3140
2,337
           
MFS/Sun Life Series Emerging Markets Equity Series S Class
05
2005
18.5593
24.9195
13,012
MFS/Sun Life Series Emerging Markets Equity Series S Class
05
2004
14.8653
18.5593
12,841
MFS/Sun Life Series Emerging Markets Equity Series S Class
05
2003
9.9303
14.8653
12,157
MFS/Sun Life Series Emerging Markets Equity Series S Class
05
2002
10.3103
9.9303
10,112
MFS/Sun Life Series Emerging Markets Equity Series S Class
05
2001
10.0000
10.3103
2,369
           
MFS/Sun Life Series Emerging Markets Equity Series S Class
06
2005
18.4649
24.7550
41,812
MFS/Sun Life Series Emerging Markets Equity Series S Class
06
2004
14.8122
18.4649
24,649
MFS/Sun Life Series Emerging Markets Equity Series S Class
06
2003
9.9100
14.8122
42,751
MFS/Sun Life Series Emerging Markets Equity Series S Class
06
2002
10.3049
9.9100
32,032
MFS/Sun Life Series Emerging Markets Equity Series S Class
06
2001
10.0000
10.3049
1,056
           
MFS/Sun Life Series Global Governments Series
01
2005
15.1240
13.8804
0
MFS/Sun Life Series Global Governments Series
01
2004
13.8950
15.1240
0
MFS/Sun Life Series Global Governments Series
01
2003
12.1538
13.8950
0
MFS/Sun Life Series Global Governments Series
01
2002
10.1881
12.1538
0
MFS/Sun Life Series Global Governments Series
01
2001
10.5273
10.1881
0
MFS/Sun Life Series Global Governments Series
01
2000
10.0000
10.5273
0
           
MFS/Sun Life Series Global Governments Series
02
2005
15.0290
13.7723
0
MFS/Sun Life Series Global Governments Series
02
2004
13.8287
15.0290
0
MFS/Sun Life Series Global Governments Series
02
2003
12.1142
13.8287
0
MFS/Sun Life Series Global Governments Series
02
2002
10.1703
12.1142
0
MFS/Sun Life Series Global Governments Series
02
2001
10.5250
10.1703
0
MFS/Sun Life Series Global Governments Series
02
2000
10.0000
10.5250
0
           
MFS/Sun Life Series Global Governments Series
03
2005
14.9658
13.7005
0
MFS/Sun Life Series Global Governments Series
03
2004
13.7846
14.9658
0
MFS/Sun Life Series Global Governments Series
03
2003
12.0878
13.7846
0
MFS/Sun Life Series Global Governments Series
03
2002
10.1585
12.0878
0
MFS/Sun Life Series Global Governments Series
03
2001
10.5234
10.1585
0
MFS/Sun Life Series Global Governments Series
03
2000
10.0000
10.5234
0
           
MFS/Sun Life Series Global Governments Series
04
2005
14.8715
13.5936
857
MFS/Sun Life Series Global Governments Series
04
2004
13.7187
14.8715
761
MFS/Sun Life Series Global Governments Series
04
2003
12.0483
13.7187
759
MFS/Sun Life Series Global Governments Series
04
2002
10.1407
12.0483
747
MFS/Sun Life Series Global Governments Series
04
2001
10.5211
10.1407
951
MFS/Sun Life Series Global Governments Series
04
2000
10.0000
10.5211
0
           
MFS/Sun Life Series Global Governments Series
05
2005
14.8090
13.5227
0
MFS/Sun Life Series Global Governments Series
05
2004
13.6749
14.8090
0
MFS/Sun Life Series Global Governments Series
05
2003
12.0221
13.6749
0
MFS/Sun Life Series Global Governments Series
05
2002
10.1288
12.0221
2,627
MFS/Sun Life Series Global Governments Series
05
2001
10.5196
10.1288
2,627
MFS/Sun Life Series Global Governments Series
05
2000
10.0000
10.5196
0
           
MFS/Sun Life Series Global Governments Series
06
2005
14.7155
13.4169
0
MFS/Sun Life Series Global Governments Series
06
2004
13.6093
14.7155
0
MFS/Sun Life Series Global Governments Series
06
2003
11.9827
13.6093
0
MFS/Sun Life Series Global Governments Series
06
2002
10.1111
11.9827
0
MFS/Sun Life Series Global Governments Series
06
2001
10.5172
10.1111
0
MFS/Sun Life Series Global Governments Series
06
2000
10.0000
10.5172
0
           
MFS/Sun Life Series Global Governments Series S Class
01
2005
14.3214
13.1027
0
MFS/Sun Life Series Global Governments Series S Class
01
2004
13.1887
14.3214
0
MFS/Sun Life Series Global Governments Series S Class
01
2003
11.5656
13.1887
0
MFS/Sun Life Series Global Governments Series S Class
01
2002
9.7217
11.5656
0
MFS/Sun Life Series Global Governments Series S Class
01
2001
10.0000
9.7217
0
           
MFS/Sun Life Series Global Governments Series S Class
02
2005
14.2488
13.0165
0
MFS/Sun Life Series Global Governments Series S Class
02
2004
13.1418
14.2488
0
MFS/Sun Life Series Global Governments Series S Class
02
2003
11.5420
13.1418
0
MFS/Sun Life Series Global Governments Series S Class
02
2002
9.7166
11.5420
0
MFS/Sun Life Series Global Governments Series S Class
02
2001
10.0000
9.7166
0
           
MFS/Sun Life Series Global Governments Series S Class
03
2005
14.2005
12.9593
9,050
MFS/Sun Life Series Global Governments Series S Class
03
2004
13.1106
14.2005
13,968
MFS/Sun Life Series Global Governments Series S Class
03
2003
11.5263
13.1106
18,038
MFS/Sun Life Series Global Governments Series S Class
03
2002
9.7132
11.5263
13,306
MFS/Sun Life Series Global Governments Series S Class
03
2001
10.0000
9.7132
101
           
MFS/Sun Life Series Global Governments Series S Class
04
2005
14.1284
12.8739
30,619
MFS/Sun Life Series Global Governments Series S Class
04
2004
13.0639
14.1284
29,656
MFS/Sun Life Series Global Governments Series S Class
04
2003
11.5028
13.0639
25,366
MFS/Sun Life Series Global Governments Series S Class
04
2002
9.7081
11.5028
23,027
MFS/Sun Life Series Global Governments Series S Class
04
2001
10.0000
9.7081
169
           
MFS/Sun Life Series Global Governments Series S Class
05
2005
14.0805
12.8173
11,444
MFS/Sun Life Series Global Governments Series S Class
05
2004
13.0329
14.0805
10,916
MFS/Sun Life Series Global Governments Series S Class
05
2003
11.4871
13.0329
6,326
MFS/Sun Life Series Global Governments Series S Class
05
2002
9.7047
11.4871
2,926
MFS/Sun Life Series Global Governments Series S Class
05
2001
10.0000
9.7047
104
           
MFS/Sun Life Series Global Governments Series S Class
06
2005
14.0088
12.7326
22,240
MFS/Sun Life Series Global Governments Series S Class
06
2004
12.9863
14.0088
21,858
MFS/Sun Life Series Global Governments Series S Class
06
2003
11.4635
12.9863
44,343
MFS/Sun Life Series Global Governments Series S Class
06
2002
9.6996
11.4635
27,407
MFS/Sun Life Series Global Governments Series S Class
06
2001
10.0000
9.6996
0
           
MFS/Sun Life Series Global Growth Series
01
2005
8.9374
9.7263
0
MFS/Sun Life Series Global Growth Series
01
2004
7.8168
8.9374
0
MFS/Sun Life Series Global Growth Series
01
2003
5.8354
7.8168
0
MFS/Sun Life Series Global Growth Series
01
2002
7.3177
5.8354
0
MFS/Sun Life Series Global Growth Series
01
2001
9.2137
7.3177
0
MFS/Sun Life Series Global Growth Series
01
2000
10.0000
9.2137
0
           
MFS/Sun Life Series Global Growth Series
02
2005
8.8812
9.6505
0
MFS/Sun Life Series Global Growth Series
02
2004
7.7794
8.8812
0
MFS/Sun Life Series Global Growth Series
02
2003
5.8163
7.7794
0
MFS/Sun Life Series Global Growth Series
02
2002
7.3049
5.8163
0
MFS/Sun Life Series Global Growth Series
02
2001
9.2116
7.3049
0
MFS/Sun Life Series Global Growth Series
02
2000
10.0000
9.2116
0
           
MFS/Sun Life Series Global Growth Series
03
2005
8.8438
9.6002
3,369
MFS/Sun Life Series Global Growth Series
03
2004
7.7545
8.8438
5,427
MFS/Sun Life Series Global Growth Series
03
2003
5.8036
7.7545
4,039
MFS/Sun Life Series Global Growth Series
03
2002
7.2964
5.8036
3,682
MFS/Sun Life Series Global Growth Series
03
2001
9.2103
7.2964
4,871
MFS/Sun Life Series Global Growth Series
03
2000
10.0000
9.2103
0
           
MFS/Sun Life Series Global Growth Series
04
2005
8.7880
9.5252
451
MFS/Sun Life Series Global Growth Series
04
2004
7.7174
8.7880
1,095
MFS/Sun Life Series Global Growth Series
04
2003
5.7846
7.7174
906
MFS/Sun Life Series Global Growth Series
04
2002
7.2836
5.7846
626
MFS/Sun Life Series Global Growth Series
04
2001
9.2082
7.2836
519
MFS/Sun Life Series Global Growth Series
04
2000
10.0000
9.2082
0
           
MFS/Sun Life Series Global Growth Series
05
2005
8.7511
9.4755
6,311
MFS/Sun Life Series Global Growth Series
05
2004
7.6928
8.7511
12,851
MFS/Sun Life Series Global Growth Series
05
2003
5.7720
7.6928
12,168
MFS/Sun Life Series Global Growth Series
05
2002
7.2751
5.7720
12,673
MFS/Sun Life Series Global Growth Series
05
2001
9.2069
7.2751
15,580
MFS/Sun Life Series Global Growth Series
05
2000
10.0000
9.2069
1,747
           
MFS/Sun Life Series Global Growth Series
06
2005
8.6957
9.4013
1,441
MFS/Sun Life Series Global Growth Series
06
2004
7.6558
8.6957
1,522
MFS/Sun Life Series Global Growth Series
06
2003
5.7530
7.6558
0
MFS/Sun Life Series Global Growth Series
06
2002
7.2623
5.7530
892
MFS/Sun Life Series Global Growth Series
06
2001
9.2048
7.2623
894
MFS/Sun Life Series Global Growth Series
06
2000
10.0000
9.2048
0
           
MFS/Sun Life Series Global Growth Series S Class
01
2005
11.7361
12.7373
0
MFS/Sun Life Series Global Growth Series S Class
01
2004
10.2824
11.7361
0
MFS/Sun Life Series Global Growth Series S Class
01
2003
7.6939
10.2824
0
MFS/Sun Life Series Global Growth Series S Class
01
2002
9.6840
7.6939
0
MFS/Sun Life Series Global Growth Series S Class
01
2001
10.0000
9.6840
0
           
MFS/Sun Life Series Global Growth Series S Class
02
2005
11.6766
12.6535
23,685
MFS/Sun Life Series Global Growth Series S Class
02
2004
10.2458
11.6766
23,685
MFS/Sun Life Series Global Growth Series S Class
02
2003
7.6782
10.2458
23,685
MFS/Sun Life Series Global Growth Series S Class
02
2002
9.6789
7.6782
23,685
MFS/Sun Life Series Global Growth Series S Class
02
2001
10.0000
9.6789
0
           
MFS/Sun Life Series Global Growth Series S Class
03
2005
11.6370
12.5978
28,757
MFS/Sun Life Series Global Growth Series S Class
03
2004
10.2214
11.6370
34,002
MFS/Sun Life Series Global Growth Series S Class
03
2003
7.6677
10.2214
32,040
MFS/Sun Life Series Global Growth Series S Class
03
2002
9.6755
7.6677
20,112
MFS/Sun Life Series Global Growth Series S Class
03
2001
10.0000
9.6755
1,887
           
MFS/Sun Life Series Global Growth Series S Class
04
2005
11.5778
12.5148
16,605
MFS/Sun Life Series Global Growth Series S Class
04
2004
10.1850
11.5778
15,955
MFS/Sun Life Series Global Growth Series S Class
04
2003
7.6520
10.1850
16,001
MFS/Sun Life Series Global Growth Series S Class
04
2002
9.6704
7.6520
15,831
MFS/Sun Life Series Global Growth Series S Class
04
2001
10.0000
9.6704
719
           
MFS/Sun Life Series Global Growth Series S Class
05
2005
11.5385
12.4597
18,013
MFS/Sun Life Series Global Growth Series S Class
05
2004
10.1608
11.5385
24,514
MFS/Sun Life Series Global Growth Series S Class
05
2003
7.6415
10.1608
18,896
MFS/Sun Life Series Global Growth Series S Class
05
2002
9.6670
7.6415
8,261
MFS/Sun Life Series Global Growth Series S Class
05
2001
10.0000
9.6670
160
           
MFS/Sun Life Series Global Growth Series S Class
06
2005
11.4797
12.3774
13,323
MFS/Sun Life Series Global Growth Series S Class
06
2004
10.1244
11.4797
16,863
MFS/Sun Life Series Global Growth Series S Class
06
2003
7.6258
10.1244
15,776
MFS/Sun Life Series Global Growth Series S Class
06
2002
9.6619
7.6258
11,187
MFS/Sun Life Series Global Growth Series S Class
06
2001
10.0000
9.6619
1,811
           
MFS/Sun Life Series Global Total Return Series
01
2005
13.1793
13.5252
0
MFS/Sun Life Series Global Total Return Series
01
2004
11.3786
13.1793
0
MFS/Sun Life Series Global Total Return Series
01
2003
9.3557
11.3786
0
MFS/Sun Life Series Global Total Return Series
01
2002
9.4032
9.3557
0
MFS/Sun Life Series Global Total Return Series
01
2001
10.1355
9.4032
0
MFS/Sun Life Series Global Total Return Series
01
2000
10.0000
10.1355
0
           
MFS/Sun Life Series Global Total Return Series
02
2005
13.0965
13.4199
0
MFS/Sun Life Series Global Total Return Series
02
2004
11.3243
13.0965
0
MFS/Sun Life Series Global Total Return Series
02
2003
9.3252
11.3243
0
MFS/Sun Life Series Global Total Return Series
02
2002
9.3868
9.3252
0
MFS/Sun Life Series Global Total Return Series
02
2001
10.1332
9.3868
0
MFS/Sun Life Series Global Total Return Series
02
2000
10.0000
10.1332
0
           
MFS/Sun Life Series Global Total Return Series
03
2005
13.0414
13.3499
3,015
MFS/Sun Life Series Global Total Return Series
03
2004
11.2882
13.0414
3,667
MFS/Sun Life Series Global Total Return Series
03
2003
9.3049
11.2882
4,657
MFS/Sun Life Series Global Total Return Series
03
2002
9.3758
9.3049
580
MFS/Sun Life Series Global Total Return Series
03
2001
10.1317
9.3758
583
MFS/Sun Life Series Global Total Return Series
03
2000
10.0000
10.1317
0
           
MFS/Sun Life Series Global Total Return Series
04
2005
12.9592
13.2457
4,026
MFS/Sun Life Series Global Total Return Series
04
2004
11.2342
12.9592
3,517
MFS/Sun Life Series Global Total Return Series
04
2003
9.2745
11.2342
3,591
MFS/Sun Life Series Global Total Return Series
04
2002
9.3594
9.2745
2,502
MFS/Sun Life Series Global Total Return Series
04
2001
10.1295
9.3594
2,443
MFS/Sun Life Series Global Total Return Series
04
2000
10.0000
10.1295
0
           
MFS/Sun Life Series Global Total Return Series
05
2005
12.9047
13.1766
788
MFS/Sun Life Series Global Total Return Series
05
2004
11.1983
12.9047
2,317
MFS/Sun Life Series Global Total Return Series
05
2003
9.2542
11.1983
1,194
MFS/Sun Life Series Global Total Return Series
05
2002
9.3485
9.2542
844
MFS/Sun Life Series Global Total Return Series
05
2001
10.1280
9.3485
947
MFS/Sun Life Series Global Total Return Series
05
2000
10.0000
10.1280
0
           
MFS/Sun Life Series Global Total Return Series
06
2005
12.8232
13.0735
1,070
MFS/Sun Life Series Global Total Return Series
06
2004
11.1446
12.8232
5,022
MFS/Sun Life Series Global Total Return Series
06
2003
9.2239
11.1446
5,984
MFS/Sun Life Series Global Total Return Series
06
2002
9.3321
9.2239
5,301
MFS/Sun Life Series Global Total Return Series
06
2001
10.1258
9.3321
4,417
MFS/Sun Life Series Global Total Return Series
06
2000
10.0000
10.1258
0
           
MFS/Sun Life Series Global Total Return Series S Class
01
2005
13.5666
13.8929
0
MFS/Sun Life Series Global Total Return Series S Class
01
2004
11.7371
13.5666
0
MFS/Sun Life Series Global Total Return Series S Class
01
2003
9.6851
11.7371
0
MFS/Sun Life Series Global Total Return Series S Class
01
2002
9.7535
9.6851
0
MFS/Sun Life Series Global Total Return Series S Class
01
2001
10.0000
9.7535
0
           
MFS/Sun Life Series Global Total Return Series S Class
02
2005
13.4978
13.8015
0
MFS/Sun Life Series Global Total Return Series S Class
02
2004
11.6954
13.4978
0
MFS/Sun Life Series Global Total Return Series S Class
02
2003
9.6654
11.6954
0
MFS/Sun Life Series Global Total Return Series S Class
02
2002
9.7484
9.6654
0
MFS/Sun Life Series Global Total Return Series S Class
02
2001
10.0000
9.7484
0
           
MFS/Sun Life Series Global Total Return Series S Class
03
2005
13.4521
13.7408
85,818
MFS/Sun Life Series Global Total Return Series S Class
03
2004
11.6676
13.4521
89,859
MFS/Sun Life Series Global Total Return Series S Class
03
2003
9.6522
11.6676
82,932
MFS/Sun Life Series Global Total Return Series S Class
03
2002
9.7450
9.6522
61,101
MFS/Sun Life Series Global Total Return Series S Class
03
2001
10.0000
9.7450
7,188
           
MFS/Sun Life Series Global Total Return Series S Class
04
2005
13.3837
13.6503
65,296
MFS/Sun Life Series Global Total Return Series S Class
04
2004
11.6260
13.3837
61,753
MFS/Sun Life Series Global Total Return Series S Class
04
2003
9.6324
11.6260
63,576
MFS/Sun Life Series Global Total Return Series S Class
04
2002
9.7398
9.6324
19,559
MFS/Sun Life Series Global Total Return Series S Class
04
2001
10.0000
9.7398
1,269
           
MFS/Sun Life Series Global Total Return Series S Class
05
2005
13.3383
13.5902
43,322
MFS/Sun Life Series Global Total Return Series S Class
05
2004
11.5984
13.3383
47,211
MFS/Sun Life Series Global Total Return Series S Class
05
2003
9.6193
11.5984
38,451
MFS/Sun Life Series Global Total Return Series S Class
05
2002
9.7364
9.6193
22,905
MFS/Sun Life Series Global Total Return Series S Class
05
2001
10.0000
9.7364
107
           
MFS/Sun Life Series Global Total Return Series S Class
06
2005
13.2704
13.5004
99,090
MFS/Sun Life Series Global Total Return Series S Class
06
2004
11.5570
13.2704
100,770
MFS/Sun Life Series Global Total Return Series S Class
06
2003
9.5995
11.5570
97,772
MFS/Sun Life Series Global Total Return Series S Class
06
2002
9.7313
9.5995
75,852
MFS/Sun Life Series Global Total Return Series S Class
06
2001
10.0000
9.7313
4,568
           
MFS/Sun Life Series Government Securities Series
01
2005
12.4109
12.5574
0
MFS/Sun Life Series Government Securities Series
01
2004
12.0944
12.4109
0
MFS/Sun Life Series Government Securities Series
01
2003
11.9716
12.0944
0
MFS/Sun Life Series Government Securities Series
01
2002
11.0241
11.9716
0
MFS/Sun Life Series Government Securities Series
01
2001
10.3744
11.0241
0
MFS/Sun Life Series Government Securities Series
01
2000
10.0000
10.3744
0
           
MFS/Sun Life Series Government Securities Series
02
2005
12.3328
12.4596
0
MFS/Sun Life Series Government Securities Series
02
2004
12.0367
12.3328
0
MFS/Sun Life Series Government Securities Series
02
2003
11.9326
12.0367
0
MFS/Sun Life Series Government Securities Series
02
2002
11.0049
11.9326
0
MFS/Sun Life Series Government Securities Series
02
2001
10.3721
11.0049
0
MFS/Sun Life Series Government Securities Series
02
2000
10.0000
10.3721
0
           
MFS/Sun Life Series Government Securities Series
03
2005
12.2810
12.3947
44,484
MFS/Sun Life Series Government Securities Series
03
2004
11.9983
12.2810
28,394
MFS/Sun Life Series Government Securities Series
03
2003
11.9066
11.9983
36,685
MFS/Sun Life Series Government Securities Series
03
2002
10.9920
11.9066
34,812
MFS/Sun Life Series Government Securities Series
03
2001
10.3706
10.9920
40,055
MFS/Sun Life Series Government Securities Series
03
2000
10.0000
10.3706
0
           
MFS/Sun Life Series Government Securities Series
04
2005
12.2036
12.2979
18,858
MFS/Sun Life Series Government Securities Series
04
2004
11.9409
12.2036
18,560
MFS/Sun Life Series Government Securities Series
04
2003
11.8677
11.9409
20,684
MFS/Sun Life Series Government Securities Series
04
2002
10.9728
11.8677
18,103
MFS/Sun Life Series Government Securities Series
04
2001
10.3683
10.9728
17,988
MFS/Sun Life Series Government Securities Series
04
2000
10.0000
10.3683
0
           
MFS/Sun Life Series Government Securities Series
05
2005
12.1523
12.2338
27,794
MFS/Sun Life Series Government Securities Series
05
2004
11.9028
12.1523
29,005
MFS/Sun Life Series Government Securities Series
05
2003
11.8419
11.9028
36,646
MFS/Sun Life Series Government Securities Series
05
2002
10.9600
11.8419
31,787
MFS/Sun Life Series Government Securities Series
05
2001
10.3667
10.9600
29,020
MFS/Sun Life Series Government Securities Series
05
2000
10.0000
10.3667
4,857
           
MFS/Sun Life Series Government Securities Series
06
2005
12.0756
12.1381
5,934
MFS/Sun Life Series Government Securities Series
06
2004
11.8457
12.0756
5,205
MFS/Sun Life Series Government Securities Series
06
2003
11.8031
11.8457
4,924
MFS/Sun Life Series Government Securities Series
06
2002
10.9408
11.8031
10,070
MFS/Sun Life Series Government Securities Series
06
2001
10.3644
10.9408
10,100
MFS/Sun Life Series Government Securities Series
06
2000
10.0000
10.3644
0
           
MFS/Sun Life Series Government Securities Series S Class
01
2005
11.3152
11.4156
10,715
MFS/Sun Life Series Government Securities Series S Class
01
2004
11.0490
11.3152
11,800
MFS/Sun Life Series Government Securities Series S Class
01
2003
10.9669
11.0490
12,900
MFS/Sun Life Series Government Securities Series S Class
01
2002
10.1255
10.9669
0
MFS/Sun Life Series Government Securities Series S Class
01
2001
10.0000
10.1255
0
           
MFS/Sun Life Series Government Securities Series S Class
02
2005
11.2578
11.3405
0
MFS/Sun Life Series Government Securities Series S Class
02
2004
11.0097
11.2578
0
MFS/Sun Life Series Government Securities Series S Class
02
2003
10.9445
11.0097
0
MFS/Sun Life Series Government Securities Series S Class
02
2002
10.1202
10.9445
0
MFS/Sun Life Series Government Securities Series S Class
02
2001
10.0000
10.1202
0
           
MFS/Sun Life Series Government Securities Series S Class
03
2005
11.2196
11.2906
324,074
MFS/Sun Life Series Government Securities Series S Class
03
2004
10.9836
11.2196
413,394
MFS/Sun Life Series Government Securities Series S Class
03
2003
10.9296
10.9836
549,658
MFS/Sun Life Series Government Securities Series S Class
03
2002
10.1167
10.9296
554,676
MFS/Sun Life Series Government Securities Series S Class
03
2001
10.0000
10.1167
51,459
           
MFS/Sun Life Series Government Securities Series S Class
04
2005
11.1626
11.2162
249,908
MFS/Sun Life Series Government Securities Series S Class
04
2004
10.9444
11.1626
284,458
MFS/Sun Life Series Government Securities Series S Class
04
2003
10.9072
10.9444
367,012
MFS/Sun Life Series Government Securities Series S Class
04
2002
10.1114
10.9072
430,082
MFS/Sun Life Series Government Securities Series S Class
04
2001
10.0000
10.1114
48,185
           
MFS/Sun Life Series Government Securities Series S Class
05
2005
11.1247
11.1668
241,012
MFS/Sun Life Series Government Securities Series S Class
05
2004
10.9184
11.1247
276,658
MFS/Sun Life Series Government Securities Series S Class
05
2003
10.8923
10.9184
362,678
MFS/Sun Life Series Government Securities Series S Class
05
2002
10.1078
10.8923
403,322
MFS/Sun Life Series Government Securities Series S Class
05
2001
10.0000
10.1078
18,909
           
MFS/Sun Life Series Government Securities Series S Class
06
2005
11.0681
11.0931
354,718
MFS/Sun Life Series Government Securities Series S Class
06
2004
10.8794
11.0681
403,210
MFS/Sun Life Series Government Securities Series S Class
06
2003
10.8700
10.8794
497,093
MFS/Sun Life Series Government Securities Series S Class
06
2002
10.1025
10.8700
578,070
MFS/Sun Life Series Government Securities Series S Class
06
2001
10.0000
10.1025
83,205
           
MFS/Sun Life Series High Yield Series
01
2005
12.9326
13.0714
0
MFS/Sun Life Series High Yield Series
01
2004
11.9374
12.9326
0
MFS/Sun Life Series High Yield Series
01
2003
9.9391
11.9374
0
MFS/Sun Life Series High Yield Series
01
2002
9.7854
9.9391
0
MFS/Sun Life Series High Yield Series
01
2001
9.7243
9.7854
0
MFS/Sun Life Series High Yield Series
01
2000
10.0000
9.7243
0
           
MFS/Sun Life Series High Yield Series
02
2005
12.8513
12.9696
0
MFS/Sun Life Series High Yield Series
02
2004
11.8805
12.8513
0
MFS/Sun Life Series High Yield Series
02
2003
9.9067
11.8805
0
MFS/Sun Life Series High Yield Series
02
2002
9.7683
9.9067
0
MFS/Sun Life Series High Yield Series
02
2001
9.7221
9.7683
0
MFS/Sun Life Series High Yield Series
02
2000
10.0000
9.7221
0
           
MFS/Sun Life Series High Yield Series
03
2005
12.7973
12.9020
16,535
MFS/Sun Life Series High Yield Series
03
2004
11.8426
12.7973
15,248
MFS/Sun Life Series High Yield Series
03
2003
9.8851
11.8426
12,348
MFS/Sun Life Series High Yield Series
03
2002
9.7569
9.8851
12,583
MFS/Sun Life Series High Yield Series
03
2001
9.7207
9.7569
12,373
MFS/Sun Life Series High Yield Series
03
2000
10.0000
9.7207
0
           
MFS/Sun Life Series High Yield Series
04
2005
12.7167
12.8013
8,429
MFS/Sun Life Series High Yield Series
04
2004
11.7859
12.7167
8,876
MFS/Sun Life Series High Yield Series
04
2003
9.8528
11.7859
10,328
MFS/Sun Life Series High Yield Series
04
2002
9.7399
9.8528
11,206
MFS/Sun Life Series High Yield Series
04
2001
9.7185
9.7399
11,490
MFS/Sun Life Series High Yield Series
04
2000
10.0000
9.7185
0
           
MFS/Sun Life Series High Yield Series
05
2005
12.6632
12.7345
28,162
MFS/Sun Life Series High Yield Series
05
2004
11.7483
12.6632
29,226
MFS/Sun Life Series High Yield Series
05
2003
9.8313
11.7483
27,595
MFS/Sun Life Series High Yield Series
05
2002
9.7285
9.8313
22,970
MFS/Sun Life Series High Yield Series
05
2001
9.7171
9.7285
18,893
MFS/Sun Life Series High Yield Series
05
2000
10.0000
9.7171
2,068
           
MFS/Sun Life Series High Yield Series
06
2005
12.5832
12.6349
1,561
MFS/Sun Life Series High Yield Series
06
2004
11.6920
12.5832
1,468
MFS/Sun Life Series High Yield Series
06
2003
9.7991
11.6920
1,469
MFS/Sun Life Series High Yield Series
06
2002
9.7114
9.7991
1,777
MFS/Sun Life Series High Yield Series
06
2001
9.7150
9.7114
1,865
MFS/Sun Life Series High Yield Series
06
2000
10.0000
9.7150
0
           
MFS/Sun Life Series High Yield Series S Class
01
2005
12.9793
13.0853
11,435
MFS/Sun Life Series High Yield Series S Class
01
2004
11.9997
12.9793
12,593
MFS/Sun Life Series High Yield Series S Class
01
2003
10.0101
11.9997
13,768
MFS/Sun Life Series High Yield Series S Class
01
2002
9.8925
10.0101
0
MFS/Sun Life Series High Yield Series S Class
01
2001
10.0000
9.8925
0
           
MFS/Sun Life Series High Yield Series S Class
02
2005
12.9135
12.9992
0
MFS/Sun Life Series High Yield Series S Class
02
2004
11.9570
12.9135
0
MFS/Sun Life Series High Yield Series S Class
02
2003
9.9897
11.9570
0
MFS/Sun Life Series High Yield Series S Class
02
2002
9.8873
9.9897
0
MFS/Sun Life Series High Yield Series S Class
02
2001
10.0000
9.8873
0
           
MFS/Sun Life Series High Yield Series S Class
03
2005
12.8697
12.9421
266,170
MFS/Sun Life Series High Yield Series S Class
03
2004
11.9286
12.8697
280,752
MFS/Sun Life Series High Yield Series S Class
03
2003
9.9761
11.9286
278,595
MFS/Sun Life Series High Yield Series S Class
03
2002
9.8838
9.9761
264,941
MFS/Sun Life Series High Yield Series S Class
03
2001
10.0000
9.8838
15,520
           
MFS/Sun Life Series High Yield Series S Class
04
2005
12.8043
12.8567
148,857
MFS/Sun Life Series High Yield Series S Class
04
2004
11.8861
12.8043
158,084
MFS/Sun Life Series High Yield Series S Class
04
2003
9.9557
11.8861
178,682
MFS/Sun Life Series High Yield Series S Class
04
2002
9.8786
9.9557
112,419
MFS/Sun Life Series High Yield Series S Class
04
2001
10.0000
9.8786
12,988
           
MFS/Sun Life Series High Yield Series S Class
05
2005
12.7608
12.8002
89,653
MFS/Sun Life Series High Yield Series S Class
05
2004
11.8578
12.7608
93,842
MFS/Sun Life Series High Yield Series S Class
05
2003
9.9421
11.8578
104,636
MFS/Sun Life Series High Yield Series S Class
05
2002
9.8752
9.9421
83,356
MFS/Sun Life Series High Yield Series S Class
05
2001
10.0000
9.8752
10,869
           
MFS/Sun Life Series High Yield Series S Class
06
2005
12.6959
12.7156
248,024
MFS/Sun Life Series High Yield Series S Class
06
2004
11.8155
12.6959
267,418
MFS/Sun Life Series High Yield Series S Class
06
2003
9.9217
11.8155
298,352
MFS/Sun Life Series High Yield Series S Class
06
2002
9.8700
9.9217
215,863
MFS/Sun Life Series High Yield Series S Class
06
2001
10.0000
9.8700
33,926
           
MFS/Sun Life Series International Growth Series
01
2005
11.3669
12.9185
0
MFS/Sun Life Series International Growth Series
01
2004
9.6633
11.3669
0
MFS/Sun Life Series International Growth Series
01
2003
7.0462
9.6633
0
MFS/Sun Life Series International Growth Series
01
2002
8.0858
7.0462
0
MFS/Sun Life Series International Growth Series
01
2001
9.7207
8.0858
0
MFS/Sun Life Series International Growth Series
01
2000
10.0000
9.7207
0
           
MFS/Sun Life Series International Growth Series
02
2005
11.2954
12.8178
0
MFS/Sun Life Series International Growth Series
02
2004
9.6172
11.2954
0
MFS/Sun Life Series International Growth Series
02
2003
7.0232
9.6172
0
MFS/Sun Life Series International Growth Series
02
2002
8.0717
7.0232
0
MFS/Sun Life Series International Growth Series
02
2001
9.7186
8.0717
0
MFS/Sun Life Series International Growth Series
02
2000
10.0000
9.7186
0
           
MFS/Sun Life Series International Growth Series
03
2005
11.2479
12.7510
10,768
MFS/Sun Life Series International Growth Series
03
2004
9.5865
11.2479
7,004
MFS/Sun Life Series International Growth Series
03
2003
7.0079
9.5865
7,980
MFS/Sun Life Series International Growth Series
03
2002
8.0623
7.0079
6,773
MFS/Sun Life Series International Growth Series
03
2001
9.7171
8.0623
8,585
MFS/Sun Life Series International Growth Series
03
2000
10.0000
9.7171
0
           
MFS/Sun Life Series International Growth Series
04
2005
11.1770
12.6514
6,801
MFS/Sun Life Series International Growth Series
04
2004
9.5406
11.1770
7,809
MFS/Sun Life Series International Growth Series
04
2003
6.9850
9.5406
8,121
MFS/Sun Life Series International Growth Series
04
2002
8.0481
6.9850
9,170
MFS/Sun Life Series International Growth Series
04
2001
9.7150
8.0481
7,093
MFS/Sun Life Series International Growth Series
04
2000
10.0000
9.7150
0
           
MFS/Sun Life Series International Growth Series
05
2005
11.1300
12.5855
9,583
MFS/Sun Life Series International Growth Series
05
2004
9.5101
11.1300
13,625
MFS/Sun Life Series International Growth Series
05
2003
6.9697
9.5101
15,139
MFS/Sun Life Series International Growth Series
05
2002
8.0387
6.9697
22,086
MFS/Sun Life Series International Growth Series
05
2001
9.7136
8.0387
20,091
MFS/Sun Life Series International Growth Series
05
2000
10.0000
9.7136
0
           
MFS/Sun Life Series International Growth Series
06
2005
11.0596
12.4869
335
MFS/Sun Life Series International Growth Series
06
2004
9.4645
11.0596
478
MFS/Sun Life Series International Growth Series
06
2003
6.9468
9.4645
498
MFS/Sun Life Series International Growth Series
06
2002
8.0246
6.9468
596
MFS/Sun Life Series International Growth Series
06
2001
9.7114
8.0246
518
MFS/Sun Life Series International Growth Series
06
2000
10.0000
9.7114
0
           
MFS/Sun Life Series International Growth Series S Class
01
2005
13.2793
15.0543
0
MFS/Sun Life Series International Growth Series S Class
01
2004
11.3234
13.2793
0
MFS/Sun Life Series International Growth Series S Class
01
2003
8.2752
11.3234
0
MFS/Sun Life Series International Growth Series S Class
01
2002
9.5104
8.2752
0
MFS/Sun Life Series International Growth Series S Class
01
2001
10.0000
9.5104
0
           
MFS/Sun Life Series International Growth Series S Class
02
2005
13.2120
14.9553
0
MFS/Sun Life Series International Growth Series S Class
02
2004
11.2831
13.2120
0
MFS/Sun Life Series International Growth Series S Class
02
2003
8.2583
11.2831
0
MFS/Sun Life Series International Growth Series S Class
02
2002
9.5054
8.2583
0
MFS/Sun Life Series International Growth Series S Class
02
2001
10.0000
9.5054
0
           
MFS/Sun Life Series International Growth Series S Class
03
2005
13.1672
14.8895
54,608
MFS/Sun Life Series International Growth Series S Class
03
2004
11.2563
13.1672
62,088
MFS/Sun Life Series International Growth Series S Class
03
2003
8.2471
11.2563
62,562
MFS/Sun Life Series International Growth Series S Class
03
2002
9.5020
8.2471
51,029
MFS/Sun Life Series International Growth Series S Class
03
2001
10.0000
9.5020
7,214
           
MFS/Sun Life Series International Growth Series S Class
04
2005
13.1002
14.7913
50,481
MFS/Sun Life Series International Growth Series S Class
04
2004
11.2161
13.1002
49,468
MFS/Sun Life Series International Growth Series S Class
04
2003
8.2301
11.2161
45,843
MFS/Sun Life Series International Growth Series S Class
04
2002
9.4970
8.2301
45,299
MFS/Sun Life Series International Growth Series S Class
04
2001
10.0000
9.4970
3,869
           
MFS/Sun Life Series International Growth Series S Class
05
2005
13.0558
14.7263
56,487
MFS/Sun Life Series International Growth Series S Class
05
2004
11.1895
13.0558
54,288
MFS/Sun Life Series International Growth Series S Class
05
2003
8.2189
11.1895
55,777
MFS/Sun Life Series International Growth Series S Class
05
2002
9.4937
8.2189
54,356
MFS/Sun Life Series International Growth Series S Class
05
2001
10.0000
9.4937
8,880
           
MFS/Sun Life Series International Growth Series S Class
06
2005
12.9892
14.6290
118,714
MFS/Sun Life Series International Growth Series S Class
06
2004
11.1495
12.9892
123,989
MFS/Sun Life Series International Growth Series S Class
06
2003
8.2020
11.1495
135,531
MFS/Sun Life Series International Growth Series S Class
06
2002
9.4887
8.2020
130,154
MFS/Sun Life Series International Growth Series S Class
06
2001
10.0000
9.4887
26,751
           
MFS/Sun Life Series International Value Series
01
2005
12.9765
14.7873
0
MFS/Sun Life Series International Value Series
01
2004
10.2490
12.9765
0
MFS/Sun Life Series International Value Series
01
2003
7.7552
10.2490
0
MFS/Sun Life Series International Value Series
01
2002
8.3368
7.7552
0
MFS/Sun Life Series International Value Series
01
2001
9.8692
8.3368
0
MFS/Sun Life Series International Value Series
01
2000
10.0000
9.8692
0
           
MFS/Sun Life Series International Value Series
02
2005
12.8950
14.6721
0
MFS/Sun Life Series International Value Series
02
2004
10.2001
12.8950
0
MFS/Sun Life Series International Value Series
02
2003
7.7299
10.2001
0
MFS/Sun Life Series International Value Series
02
2002
8.3222
7.7299
0
MFS/Sun Life Series International Value Series
02
2001
9.8670
8.3222
0
MFS/Sun Life Series International Value Series
02
2000
10.0000
9.8670
0
           
MFS/Sun Life Series International Value Series
03
2005
12.8408
14.5956
2,713
MFS/Sun Life Series International Value Series
03
2004
10.1675
12.8408
1,848
MFS/Sun Life Series International Value Series
03
2003
7.7130
10.1675
1,137
MFS/Sun Life Series International Value Series
03
2002
8.3125
7.7130
110
MFS/Sun Life Series International Value Series
03
2001
9.8655
8.3125
111
MFS/Sun Life Series International Value Series
03
2000
10.0000
9.8655
0
           
MFS/Sun Life Series International Value Series
04
2005
12.7598
14.4816
1,307
MFS/Sun Life Series International Value Series
04
2004
10.1188
12.7598
840
MFS/Sun Life Series International Value Series
04
2003
7.6878
10.1188
0
MFS/Sun Life Series International Value Series
04
2002
8.2979
7.6878
0
MFS/Sun Life Series International Value Series
04
2001
9.8634
8.2979
0
MFS/Sun Life Series International Value Series
04
2000
10.0000
9.8634
0
           
MFS/Sun Life Series International Value Series
05
2005
12.7061
14.4061
0
MFS/Sun Life Series International Value Series
05
2004
10.0865
12.7061
0
MFS/Sun Life Series International Value Series
05
2003
7.6710
10.0865
0
MFS/Sun Life Series International Value Series
05
2002
8.2882
7.6710
501
MFS/Sun Life Series International Value Series
05
2001
9.8619
8.2882
0
MFS/Sun Life Series International Value Series
05
2000
10.0000
9.8619
2,079
           
MFS/Sun Life Series International Value Series
06
2005
12.6259
14.2934
1,000
MFS/Sun Life Series International Value Series
06
2004
10.0381
12.6259
1,057
MFS/Sun Life Series International Value Series
06
2003
7.6458
10.0381
0
MFS/Sun Life Series International Value Series
06
2002
8.2737
7.6458
0
MFS/Sun Life Series International Value Series
06
2001
9.8597
8.2737
0
MFS/Sun Life Series International Value Series
06
2000
10.0000
9.8597
0
           
MFS/Sun Life Series International Value Series S Class
01
2005
14.5188
16.5039
0
MFS/Sun Life Series International Value Series S Class
01
2004
11.4924
14.5188
0
MFS/Sun Life Series International Value Series S Class
01
2003
8.7240
11.4924
0
MFS/Sun Life Series International Value Series S Class
01
2002
9.3802
8.7240
0
MFS/Sun Life Series International Value Series S Class
01
2001
10.0000
9.3802
0
           
MFS/Sun Life Series International Value Series S Class
02
2005
14.4451
16.3953
21,775
MFS/Sun Life Series International Value Series S Class
02
2004
11.4515
14.4451
21,775
MFS/Sun Life Series International Value Series S Class
02
2003
8.7061
11.4515
21,775
MFS/Sun Life Series International Value Series S Class
02
2002
9.3752
8.7061
21,775
MFS/Sun Life Series International Value Series S Class
02
2001
10.0000
9.3752
0
           
MFS/Sun Life Series International Value Series S Class
03
2005
14.3961
16.3232
43,798
MFS/Sun Life Series International Value Series S Class
03
2004
11.4242
14.3961
27,258
MFS/Sun Life Series International Value Series S Class
03
2003
8.6942
11.4242
19,433
MFS/Sun Life Series International Value Series S Class
03
2002
9.3719
8.6942
18,634
MFS/Sun Life Series International Value Series S Class
03
2001
10.0000
9.3719
3,803
           
MFS/Sun Life Series International Value Series S Class
04
2005
14.3230
16.2156
26,110
MFS/Sun Life Series International Value Series S Class
04
2004
11.3835
14.3230
23,607
MFS/Sun Life Series International Value Series S Class
04
2003
8.6764
11.3835
22,649
MFS/Sun Life Series International Value Series S Class
04
2002
9.3670
8.6764
19,123
MFS/Sun Life Series International Value Series S Class
04
2001
10.0000
9.3670
3,292
           
MFS/Sun Life Series International Value Series S Class
05
2005
14.2744
16.1443
26,718
MFS/Sun Life Series International Value Series S Class
05
2004
11.3565
14.2744
30,344
MFS/Sun Life Series International Value Series S Class
05
2003
8.6646
11.3565
18,946
MFS/Sun Life Series International Value Series S Class
05
2002
9.3637
8.6646
10,010
MFS/Sun Life Series International Value Series S Class
05
2001
10.0000
9.3637
568
           
MFS/Sun Life Series International Value Series S Class
06
2005
14.2017
16.0377
46,869
MFS/Sun Life Series International Value Series S Class
06
2004
11.3159
14.2017
47,424
MFS/Sun Life Series International Value Series S Class
06
2003
8.6468
11.3159
37,157
MFS/Sun Life Series International Value Series S Class
06
2002
9.3588
8.6468
51,600
MFS/Sun Life Series International Value Series S Class
06
2001
10.0000
9.3588
17,229
           
MFS/Sun Life Series Massachusetts Investors Growth Series
01
2005
6.2657
6.4679
0
MFS/Sun Life Series Massachusetts Investors Growth Series
01
2004
5.7802
6.2657
0
MFS/Sun Life Series Massachusetts Investors Growth Series
01
2003
4.7367
5.7802
0
MFS/Sun Life Series Massachusetts Investors Growth Series
01
2002
6.6572
4.7367
0
MFS/Sun Life Series Massachusetts Investors Growth Series
01
2001
8.9631
6.6572
0
MFS/Sun Life Series Massachusetts Investors Growth Series
01
2000
10.0000
8.9631
0
           
MFS/Sun Life Series Massachusetts Investors Growth Series
02
2005
6.2263
6.4175
0
MFS/Sun Life Series Massachusetts Investors Growth Series
02
2004
5.7525
6.2263
0
MFS/Sun Life Series Massachusetts Investors Growth Series
02
2003
4.7212
5.7525
0
MFS/Sun Life Series Massachusetts Investors Growth Series
02
2002
6.6455
4.7212
0
MFS/Sun Life Series Massachusetts Investors Growth Series
02
2001
8.9611
6.6455
0
MFS/Sun Life Series Massachusetts Investors Growth Series
02
2000
10.0000
8.9611
0
           
MFS/Sun Life Series Massachusetts Investors Growth Series
03
2005
6.2001
6.3840
30,202
MFS/Sun Life Series Massachusetts Investors Growth Series
03
2004
5.7342
6.2001
49,810
MFS/Sun Life Series Massachusetts Investors Growth Series
03
2003
4.7109
5.7342
49,114
MFS/Sun Life Series Massachusetts Investors Growth Series
03
2002
6.6377
4.7109
40,612
MFS/Sun Life Series Massachusetts Investors Growth Series
03
2001
8.9598
6.6377
37,325
MFS/Sun Life Series Massachusetts Investors Growth Series
03
2000
10.0000
8.9598
526
           
MFS/Sun Life Series Massachusetts Investors Growth Series
04
2005
6.1610
6.3342
38,068
MFS/Sun Life Series Massachusetts Investors Growth Series
04
2004
5.7067
6.1610
44,121
MFS/Sun Life Series Massachusetts Investors Growth Series
04
2003
4.6954
5.7067
44,382
MFS/Sun Life Series Massachusetts Investors Growth Series
04
2002
6.6261
4.6954
47,609
MFS/Sun Life Series Massachusetts Investors Growth Series
04
2001
8.9578
6.6261
50,428
MFS/Sun Life Series Massachusetts Investors Growth Series
04
2000
10.0000
8.9578
1,172
           
MFS/Sun Life Series Massachusetts Investors Growth Series
05
2005
6.1350
6.3011
62,139
MFS/Sun Life Series Massachusetts Investors Growth Series
05
2004
5.6885
6.1350
68,065
MFS/Sun Life Series Massachusetts Investors Growth Series
05
2003
4.6852
5.6885
54,342
MFS/Sun Life Series Massachusetts Investors Growth Series
05
2002
6.6183
4.6852
46,554
MFS/Sun Life Series Massachusetts Investors Growth Series
05
2001
8.9565
6.6183
51,810
MFS/Sun Life Series Massachusetts Investors Growth Series
05
2000
10.0000
8.9565
3,062
           
MFS/Sun Life Series Massachusetts Investors Growth Series
06
2005
6.0962
6.2518
10,547
MFS/Sun Life Series Massachusetts Investors Growth Series
06
2004
5.6611
6.0962
9,875
MFS/Sun Life Series Massachusetts Investors Growth Series
06
2003
4.6698
5.6611
11,243
MFS/Sun Life Series Massachusetts Investors Growth Series
06
2002
6.6067
4.6698
11,321
MFS/Sun Life Series Massachusetts Investors Growth Series
06
2001
8.9545
6.6067
11,175
MFS/Sun Life Series Massachusetts Investors Growth Series
06
2000
10.0000
8.9545
0
           
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
01
2005
9.1366
9.4118
59,113
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
01
2004
8.4480
9.1366
63,132
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
01
2003
6.9533
8.4480
67,207
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
01
2002
9.7807
6.9533
19,435
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
01
2001
10.0000
9.7807
12,356
           
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
02
2005
9.0902
9.3499
0
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
02
2004
8.4179
9.0902
0
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
02
2003
6.9391
8.4179
0
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
02
2002
9.7756
6.9391
0
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
02
2001
10.0000
9.7756
0
           
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
03
2005
9.0594
9.3088
252,849
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
03
2004
8.3979
9.0594
280,371
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
03
2003
6.9296
8.3979
294,454
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
03
2002
9.7722
6.9296
275,015
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
03
2001
10.0000
9.7722
53,956
           
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
04
2005
9.0133
9.2474
230,965
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
04
2004
8.3679
9.0133
250,142
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
04
2003
6.9154
8.3679
274,965
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
04
2002
9.7670
6.9154
243,572
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
04
2001
10.0000
9.7670
18,905
           
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
05
2005
8.9827
9.2067
199,154
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
05
2004
8.3480
8.9827
225,174
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
05
2003
6.9060
8.3480
265,609
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
05
2002
9.7636
6.9060
218,804
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
05
2001
10.0000
9.7636
47,580
           
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
06
2005
8.9369
9.1458
352,314
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
06
2004
8.3182
8.9369
372,465
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
06
2003
6.8918
8.3182
388,338
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
06
2002
9.7585
6.8918
358,239
MFS/Sun Life Series Massachusetts Investors Growth Series S Class
06
2001
10.0000
9.7585
83,540
           
MFS/Sun Life Series Massachusetts Investors Trust Series
01
2005
8.4941
9.0482
0
MFS/Sun Life Series Massachusetts Investors Trust Series
01
2004
7.6695
8.4941
0
MFS/Sun Life Series Massachusetts Investors Trust Series
01
2003
6.3132
7.6695
0
MFS/Sun Life Series Massachusetts Investors Trust Series
01
2002
8.1036
6.3132
0
MFS/Sun Life Series Massachusetts Investors Trust Series
01
2001
9.7239
8.1036
0
MFS/Sun Life Series Massachusetts Investors Trust Series
01
2000
10.0000
9.7239
0
           
MFS/Sun Life Series Massachusetts Investors Trust Series
02
2005
8.4407
8.9777
0
MFS/Sun Life Series Massachusetts Investors Trust Series
02
2004
7.6329
8.4407
0
MFS/Sun Life Series Massachusetts Investors Trust Series
02
2003
6.2926
7.6329
0
MFS/Sun Life Series Massachusetts Investors Trust Series
02
2002
8.0894
6.2926
0
MFS/Sun Life Series Massachusetts Investors Trust Series
02
2001
9.7218
8.0894
0
MFS/Sun Life Series Massachusetts Investors Trust Series
02
2000
10.0000
9.7218
0
           
MFS/Sun Life Series Massachusetts Investors Trust Series
03
2005
8.4052
8.9309
58,426
MFS/Sun Life Series Massachusetts Investors Trust Series
03
2004
7.6085
8.4052
46,283
MFS/Sun Life Series Massachusetts Investors Trust Series
03
2003
6.2789
7.6085
43,043
MFS/Sun Life Series Massachusetts Investors Trust Series
03
2002
8.0800
6.2789
37,025
MFS/Sun Life Series Massachusetts Investors Trust Series
03
2001
9.7203
8.0800
45,316
MFS/Sun Life Series Massachusetts Investors Trust Series
03
2000
10.0000
9.7203
484
           
MFS/Sun Life Series Massachusetts Investors Trust Series
04
2005
8.3522
8.8611
36,396
MFS/Sun Life Series Massachusetts Investors Trust Series
04
2004
7.5720
8.3522
42,216
MFS/Sun Life Series Massachusetts Investors Trust Series
04
2003
6.2583
7.5720
48,149
MFS/Sun Life Series Massachusetts Investors Trust Series
04
2002
8.0658
6.2583
48,650
MFS/Sun Life Series Massachusetts Investors Trust Series
04
2001
9.7182
8.0658
43,505
MFS/Sun Life Series Massachusetts Investors Trust Series
04
2000
10.0000
9.7182
309
           
MFS/Sun Life Series Massachusetts Investors Trust Series
05
2005
8.3170
8.8149
69,505
MFS/Sun Life Series Massachusetts Investors Trust Series
05
2004
7.5479
8.3170
79,310
MFS/Sun Life Series Massachusetts Investors Trust Series
05
2003
6.2446
7.5479
81,303
MFS/Sun Life Series Massachusetts Investors Trust Series
05
2002
8.0564
6.2446
78,797
MFS/Sun Life Series Massachusetts Investors Trust Series
05
2001
9.7168
8.0564
82,835
MFS/Sun Life Series Massachusetts Investors Trust Series
05
2000
10.0000
9.7168
4,449
           
MFS/Sun Life Series Massachusetts Investors Trust Series
06
2005
8.2645
8.7459
1,485
MFS/Sun Life Series Massachusetts Investors Trust Series
06
2004
7.5116
8.2645
5,948
MFS/Sun Life Series Massachusetts Investors Trust Series
06
2003
6.2242
7.5116
8,334
MFS/Sun Life Series Massachusetts Investors Trust Series
06
2002
8.0422
6.2242
9,347
MFS/Sun Life Series Massachusetts Investors Trust Series
06
2001
9.7146
8.0422
9,793
MFS/Sun Life Series Massachusetts Investors Trust Series
06
2000
10.0000
9.7146
0
           
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
01
2005
10.0669
10.6951
19,174
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
01
2004
9.1097
10.0669
19,174
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
01
2003
7.5222
9.1097
19,174
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
01
2002
9.6760
7.5222
19,174
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
01
2001
10.0000
9.6760
12,210
           
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
02
2005
10.0158
10.6247
0
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
02
2004
9.0773
10.0158
0
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
02
2003
7.5068
9.0773
0
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
02
2002
9.6710
7.5068
0
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
02
2001
10.0000
9.6710
0
           
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
03
2005
9.9818
10.5780
341,126
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
03
2004
9.0557
9.9818
409,640
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
03
2003
7.4966
9.0557
472,266
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
03
2002
9.6676
7.4966
391,282
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
03
2001
10.0000
9.6676
58,173
           
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
04
2005
9.9310
10.5082
230,273
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
04
2004
9.0234
9.9310
250,375
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
04
2003
7.4812
9.0234
281,426
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
04
2002
9.6625
7.4812
232,552
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
04
2001
10.0000
9.6625
43,857
           
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
05
2005
9.8974
10.4620
191,409
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
05
2004
9.0019
9.8974
199,755
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
05
2003
7.4710
9.0019
214,595
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
05
2002
9.6591
7.4710
215,083
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
05
2001
10.0000
9.6591
22,373
           
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
06
2005
9.8469
10.3929
403,680
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
06
2004
8.9698
9.8469
460,657
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
06
2003
7.4556
8.9698
483,928
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
06
2002
9.6540
7.4556
466,034
MFS/Sun Life Series Massachusetts Investors Trust Series S Class
06
2001
10.0000
9.6540
110,146
           
MFS/Sun Life Series Mid Cap Growth Series
01
2005
5.4532
5.5608
0
MFS/Sun Life Series Mid Cap Growth Series
01
2004
4.8105
5.4532
0
MFS/Sun Life Series Mid Cap Growth Series
01
2003
3.5278
4.8105
0
MFS/Sun Life Series Mid Cap Growth Series
01
2002
6.7507
3.5278
0
MFS/Sun Life Series Mid Cap Growth Series
01
2001
8.8866
6.7507
0
MFS/Sun Life Series Mid Cap Growth Series
01
2000
10.0000
8.8866
0
           
MFS/Sun Life Series Mid Cap Growth Series
02
2005
5.4189
5.5175
0
MFS/Sun Life Series Mid Cap Growth Series
02
2004
4.7875
5.4189
0
MFS/Sun Life Series Mid Cap Growth Series
02
2003
3.5163
4.7875
0
MFS/Sun Life Series Mid Cap Growth Series
02
2002
6.7389
3.5163
0
MFS/Sun Life Series Mid Cap Growth Series
02
2001
8.8846
6.7389
0
MFS/Sun Life Series Mid Cap Growth Series
02
2000
10.0000
8.8846
0
           
MFS/Sun Life Series Mid Cap Growth Series
03
2005
5.3961
5.4887
15,688
MFS/Sun Life Series Mid Cap Growth Series
03
2004
4.7722
5.3961
19,875
MFS/Sun Life Series Mid Cap Growth Series
03
2003
3.5086
4.7722
20,234
MFS/Sun Life Series Mid Cap Growth Series
03
2002
6.7310
3.5086
14,152
MFS/Sun Life Series Mid Cap Growth Series
03
2001
8.8833
6.7310
10,248
MFS/Sun Life Series Mid Cap Growth Series
03
2000
10.0000
8.8833
0
           
MFS/Sun Life Series Mid Cap Growth Series
04
2005
5.3620
5.4458
14,073
MFS/Sun Life Series Mid Cap Growth Series
04
2004
4.7493
5.3620
15,252
MFS/Sun Life Series Mid Cap Growth Series
04
2003
3.4971
4.7493
15,105
MFS/Sun Life Series Mid Cap Growth Series
04
2002
6.7192
3.4971
21,607
MFS/Sun Life Series Mid Cap Growth Series
04
2001
8.8813
6.7192
20,317
MFS/Sun Life Series Mid Cap Growth Series
04
2000
10.0000
8.8813
169
           
MFS/Sun Life Series Mid Cap Growth Series
05
2005
5.3394
5.4173
24,194
MFS/Sun Life Series Mid Cap Growth Series
05
2004
4.7342
5.3394
22,447
MFS/Sun Life Series Mid Cap Growth Series
05
2003
3.4894
4.7342
14,001
MFS/Sun Life Series Mid Cap Growth Series
05
2002
6.7113
3.4894
15,750
MFS/Sun Life Series Mid Cap Growth Series
05
2001
8.8800
6.7113
20,448
MFS/Sun Life Series Mid Cap Growth Series
05
2000
10.0000
8.8800
2,273
           
MFS/Sun Life Series Mid Cap Growth Series
06
2005
5.3057
5.3749
4,531
MFS/Sun Life Series Mid Cap Growth Series
06
2004
4.7114
5.3057
15,194
MFS/Sun Life Series Mid Cap Growth Series
06
2003
3.4780
4.7114
16,628
MFS/Sun Life Series Mid Cap Growth Series
06
2002
6.6995
3.4780
16,972
MFS/Sun Life Series Mid Cap Growth Series
06
2001
8.8781
6.6995
13,424
MFS/Sun Life Series Mid Cap Growth Series
06
2000
10.0000
8.8781
0
           
MFS/Sun Life Series Mid Cap Growth Series S Class
01
2005
7.7420
7.8698
0
MFS/Sun Life Series Mid Cap Growth Series S Class
01
2004
6.8498
7.7420
0
MFS/Sun Life Series Mid Cap Growth Series S Class
01
2003
5.0432
6.8498
0
MFS/Sun Life Series Mid Cap Growth Series S Class
01
2002
9.6522
5.0432
0
MFS/Sun Life Series Mid Cap Growth Series S Class
01
2001
10.0000
9.6522
0
           
MFS/Sun Life Series Mid Cap Growth Series S Class
02
2005
7.7027
7.8180
25,653
MFS/Sun Life Series Mid Cap Growth Series S Class
02
2004
6.8255
7.7027
25,653
MFS/Sun Life Series Mid Cap Growth Series S Class
02
2003
5.0329
6.8255
25,653
MFS/Sun Life Series Mid Cap Growth Series S Class
02
2002
9.6471
5.0329
25,653
MFS/Sun Life Series Mid Cap Growth Series S Class
02
2001
10.0000
9.6471
0
           
MFS/Sun Life Series Mid Cap Growth Series S Class
03
2005
7.6766
7.7836
208,580
MFS/Sun Life Series Mid Cap Growth Series S Class
03
2004
6.8092
7.6766
232,791
MFS/Sun Life Series Mid Cap Growth Series S Class
03
2003
5.0260
6.8092
264,346
MFS/Sun Life Series Mid Cap Growth Series S Class
03
2002
9.6437
5.0260
218,912
MFS/Sun Life Series Mid Cap Growth Series S Class
03
2001
10.0000
9.6437
34,513
           
MFS/Sun Life Series Mid Cap Growth Series S Class
04
2005
7.6375
7.7323
169,114
MFS/Sun Life Series Mid Cap Growth Series S Class
04
2004
6.7849
7.6375
191,851
MFS/Sun Life Series Mid Cap Growth Series S Class
04
2003
5.0157
6.7849
193,618
MFS/Sun Life Series Mid Cap Growth Series S Class
04
2002
9.6386
5.0157
150,656
MFS/Sun Life Series Mid Cap Growth Series S Class
04
2001
10.0000
9.6386
19,561
           
MFS/Sun Life Series Mid Cap Growth Series S Class
05
2005
7.6116
7.6982
113,323
MFS/Sun Life Series Mid Cap Growth Series S Class
05
2004
6.7688
7.6116
124,045
MFS/Sun Life Series Mid Cap Growth Series S Class
05
2003
5.0089
6.7688
127,102
MFS/Sun Life Series Mid Cap Growth Series S Class
05
2002
9.6353
5.0089
135,186
MFS/Sun Life Series Mid Cap Growth Series S Class
05
2001
10.0000
9.6353
25,220
           
MFS/Sun Life Series Mid Cap Growth Series S Class
06
2005
7.5728
7.6473
257,560
MFS/Sun Life Series Mid Cap Growth Series S Class
06
2004
6.7445
7.5728
304,524
MFS/Sun Life Series Mid Cap Growth Series S Class
06
2003
4.9985
6.7445
272,678
MFS/Sun Life Series Mid Cap Growth Series S Class
06
2002
9.6302
4.9985
302,298
MFS/Sun Life Series Mid Cap Growth Series S Class
06
2001
10.0000
9.6302
64,132
           
MFS/Sun Life Series Mid Cap Value Series S Class
01
2005
12.3640
13.1335
0
MFS/Sun Life Series Mid Cap Value Series S Class
01
2004
10.2684
12.3640
0
MFS/Sun Life Series Mid Cap Value Series S Class
01
2003
7.8712
10.2684
0
MFS/Sun Life Series Mid Cap Value Series S Class
01
2002
10.0000
7.8712
0
           
MFS/Sun Life Series Mid Cap Value Series S Class
02
2005
12.3139
13.0605
0
MFS/Sun Life Series Mid Cap Value Series S Class
02
2004
10.2423
12.3139
0
MFS/Sun Life Series Mid Cap Value Series S Class
02
2003
7.8632
10.2423
0
MFS/Sun Life Series Mid Cap Value Series S Class
02
2002
10.0000
7.8632
0
           
MFS/Sun Life Series Mid Cap Value Series S Class
03
2005
12.2805
13.0119
26,220
MFS/Sun Life Series Mid Cap Value Series S Class
03
2004
10.2249
12.2805
18,853
MFS/Sun Life Series Mid Cap Value Series S Class
03
2003
7.8578
10.2249
11,081
MFS/Sun Life Series Mid Cap Value Series S Class
03
2002
10.0000
7.8578
6,382
           
MFS/Sun Life Series Mid Cap Value Series S Class
04
2005
12.2306
12.9394
12,200
MFS/Sun Life Series Mid Cap Value Series S Class
04
2004
10.1990
12.2306
6,890
MFS/Sun Life Series Mid Cap Value Series S Class
04
2003
7.8498
10.1990
4,345
MFS/Sun Life Series Mid Cap Value Series S Class
04
2002
10.0000
7.8498
0
           
MFS/Sun Life Series Mid Cap Value Series S Class
05
2005
12.1975
12.8913
12,031
MFS/Sun Life Series Mid Cap Value Series S Class
05
2004
10.1817
12.1975
5,453
MFS/Sun Life Series Mid Cap Value Series S Class
05
2003
7.8444
10.1817
1,823
MFS/Sun Life Series Mid Cap Value Series S Class
05
2002
10.0000
7.8444
1,423
           
MFS/Sun Life Series Mid Cap Value Series S Class
06
2005
12.1478
12.8193
37,969
MFS/Sun Life Series Mid Cap Value Series S Class
06
2004
10.1557
12.1478
34,859
MFS/Sun Life Series Mid Cap Value Series S Class
06
2003
7.8364
10.1557
12,806
MFS/Sun Life Series Mid Cap Value Series S Class
06
2002
10.0000
7.8364
10,203
           
MFS/Sun Life Series Money Market Series
01
2005
10.2787
10.4424
0
MFS/Sun Life Series Money Market Series
01
2004
10.3082
10.2787
0
MFS/Sun Life Series Money Market Series
01
2003
10.3577
10.3082
0
MFS/Sun Life Series Money Market Series
01
2002
10.3411
10.3577
0
MFS/Sun Life Series Money Market Series
01
2001
10.0756
10.3411
0
MFS/Sun Life Series Money Market Series
01
2000
10.0000
10.0756
0
           
MFS/Sun Life Series Money Market Series
02
2005
10.2141
10.3611
0
MFS/Sun Life Series Money Market Series
02
2004
10.2590
10.2141
0
MFS/Sun Life Series Money Market Series
02
2003
10.3239
10.2590
0
MFS/Sun Life Series Money Market Series
02
2002
10.3230
10.3239
0
MFS/Sun Life Series Money Market Series
02
2001
10.0734
10.3230
0
MFS/Sun Life Series Money Market Series
02
2000
10.0000
10.0734
0
           
MFS/Sun Life Series Money Market Series
03
2005
10.1711
10.3071
11,380
MFS/Sun Life Series Money Market Series
03
2004
10.2263
10.1711
17,889
MFS/Sun Life Series Money Market Series
03
2003
10.3014
10.2263
15,874
MFS/Sun Life Series Money Market Series
03
2002
10.3110
10.3014
36,354
MFS/Sun Life Series Money Market Series
03
2001
10.0719
10.3110
39,318
MFS/Sun Life Series Money Market Series
03
2000
10.0000
10.0719
0
           
MFS/Sun Life Series Money Market Series
04
2005
10.1070
10.2266
917
MFS/Sun Life Series Money Market Series
04
2004
10.1774
10.1070
17,122
MFS/Sun Life Series Money Market Series
04
2003
10.2677
10.1774
17,901
MFS/Sun Life Series Money Market Series
04
2002
10.2929
10.2677
14,511
MFS/Sun Life Series Money Market Series
04
2001
10.0696
10.2929
15,317
MFS/Sun Life Series Money Market Series
04
2000
10.0000
10.0696
0
           
MFS/Sun Life Series Money Market Series
05
2005
10.0645
10.1733
443
MFS/Sun Life Series Money Market Series
05
2004
10.1449
10.0645
23,757
MFS/Sun Life Series Money Market Series
05
2003
10.2453
10.1449
32,354
MFS/Sun Life Series Money Market Series
05
2002
10.2809
10.2453
47,930
MFS/Sun Life Series Money Market Series
05
2001
10.0682
10.2809
40,912
MFS/Sun Life Series Money Market Series
05
2000
10.0000
10.0682
9,973
           
MFS/Sun Life Series Money Market Series
06
2005
10.0010
10.0937
0
MFS/Sun Life Series Money Market Series
06
2004
10.0962
10.0010
0
MFS/Sun Life Series Money Market Series
06
2003
10.2118
10.0962
0
MFS/Sun Life Series Money Market Series
06
2002
10.2629
10.2118
0
MFS/Sun Life Series Money Market Series
06
2001
10.0659
10.2629
0
MFS/Sun Life Series Money Market Series
06
2000
10.0000
10.0659
0
           
MFS/Sun Life Series Money Market Series S Class
01
2005
9.9009
10.0335
0
MFS/Sun Life Series Money Market Series S Class
01
2004
9.9541
9.9009
0
MFS/Sun Life Series Money Market Series S Class
01
2003
10.0269
9.9541
0
MFS/Sun Life Series Money Market Series S Class
01
2002
10.0358
10.0269
0
MFS/Sun Life Series Money Market Series S Class
01
2001
10.0000
10.0358
0
           
MFS/Sun Life Series Money Market Series S Class
02
2005
9.8507
9.9675
0
MFS/Sun Life Series Money Market Series S Class
02
2004
9.9187
9.8507
0
MFS/Sun Life Series Money Market Series S Class
02
2003
10.0065
9.9187
0
MFS/Sun Life Series Money Market Series S Class
02
2002
10.0305
10.0065
0
MFS/Sun Life Series Money Market Series S Class
02
2001
10.0000
10.0305
0
           
MFS/Sun Life Series Money Market Series S Class
03
2005
9.8173
9.9237
97,243
MFS/Sun Life Series Money Market Series S Class
03
2004
9.8952
9.8173
91,813
MFS/Sun Life Series Money Market Series S Class
03
2003
9.9928
9.8952
167,251
MFS/Sun Life Series Money Market Series S Class
03
2002
10.0270
9.9928
227,053
MFS/Sun Life Series Money Market Series S Class
03
2001
10.0000
10.0270
74,955
           
MFS/Sun Life Series Money Market Series S Class
04
2005
9.7674
9.8582
83,083
MFS/Sun Life Series Money Market Series S Class
04
2004
9.8599
9.7674
77,237
MFS/Sun Life Series Money Market Series S Class
04
2003
9.9724
9.8599
104,158
MFS/Sun Life Series Money Market Series S Class
04
2002
10.0217
9.9724
141,930
MFS/Sun Life Series Money Market Series S Class
04
2001
10.0000
10.0217
16,522
           
MFS/Sun Life Series Money Market Series S Class
05
2005
9.7343
9.8149
106,559
MFS/Sun Life Series Money Market Series S Class
05
2004
9.8365
9.7343
130,693
MFS/Sun Life Series Money Market Series S Class
05
2003
9.9588
9.8365
133,432
MFS/Sun Life Series Money Market Series S Class
05
2002
10.0182
9.9588
118,875
MFS/Sun Life Series Money Market Series S Class
05
2001
10.0000
10.0182
61,107
           
MFS/Sun Life Series Money Market Series S Class
06
2005
9.6846
9.7500
253,829
MFS/Sun Life Series Money Market Series S Class
06
2004
9.8013
9.6846
172,920
MFS/Sun Life Series Money Market Series S Class
06
2003
9.9383
9.8013
227,420
MFS/Sun Life Series Money Market Series S Class
06
2002
10.0129
9.9383
328,807
MFS/Sun Life Series Money Market Series S Class
06
2001
10.0000
10.0129
71,166
           
MFS/Sun Life Series New Discovery Series
01
2005
8.0567
8.3831
0
MFS/Sun Life Series New Discovery Series
01
2004
7.5791
8.0567
0
MFS/Sun Life Series New Discovery Series
01
2003
5.6644
7.5791
0
MFS/Sun Life Series New Discovery Series
01
2002
8.6076
5.6644
0
MFS/Sun Life Series New Discovery Series
01
2001
9.1729
8.6076
0
MFS/Sun Life Series New Discovery Series
01
2000
10.0000
9.1729
0
           
MFS/Sun Life Series New Discovery Series
02
2005
8.0060
8.3178
0
MFS/Sun Life Series New Discovery Series
02
2004
7.5429
8.0060
0
MFS/Sun Life Series New Discovery Series
02
2003
5.6459
7.5429
0
MFS/Sun Life Series New Discovery Series
02
2002
8.5925
5.6459
0
MFS/Sun Life Series New Discovery Series
02
2001
9.1708
8.5925
0
MFS/Sun Life Series New Discovery Series
02
2000
10.0000
9.1708
0
           
MFS/Sun Life Series New Discovery Series
03
2005
7.9723
8.2744
9,524
MFS/Sun Life Series New Discovery Series
03
2004
7.5188
7.9723
13,918
MFS/Sun Life Series New Discovery Series
03
2003
5.6336
7.5188
15,215
MFS/Sun Life Series New Discovery Series
03
2002
8.5825
5.6336
12,634
MFS/Sun Life Series New Discovery Series
03
2001
9.1695
8.5825
11,529
MFS/Sun Life Series New Discovery Series
03
2000
10.0000
9.1695
0
           
MFS/Sun Life Series New Discovery Series
04
2005
7.9220
8.2097
12,278
MFS/Sun Life Series New Discovery Series
04
2004
7.4828
7.9220
12,903
MFS/Sun Life Series New Discovery Series
04
2003
5.6151
7.4828
12,602
MFS/Sun Life Series New Discovery Series
04
2002
8.5674
5.6151
14,104
MFS/Sun Life Series New Discovery Series
04
2001
9.1675
8.5674
10,214
MFS/Sun Life Series New Discovery Series
04
2000
10.0000
9.1675
164
           
MFS/Sun Life Series New Discovery Series
05
2005
7.8886
8.1669
19,515
MFS/Sun Life Series New Discovery Series
05
2004
7.4589
7.8886
35,637
MFS/Sun Life Series New Discovery Series
05
2003
5.6028
7.4589
37,098
MFS/Sun Life Series New Discovery Series
05
2002
8.5574
5.6028
36,418
MFS/Sun Life Series New Discovery Series
05
2001
9.1661
8.5574
38,463
MFS/Sun Life Series New Discovery Series
05
2000
10.0000
9.1661
2,248
           
MFS/Sun Life Series New Discovery Series
06
2005
7.8388
8.1030
5,534
MFS/Sun Life Series New Discovery Series
06
2004
7.4231
7.8388
9,358
MFS/Sun Life Series New Discovery Series
06
2003
5.5845
7.4231
10,250
MFS/Sun Life Series New Discovery Series
06
2002
8.5424
5.5845
6,870
MFS/Sun Life Series New Discovery Series
06
2001
9.1641
8.5424
5,456
MFS/Sun Life Series New Discovery Series
06
2000
10.0000
9.1641
0
           
MFS/Sun Life Series New Discovery Series S Class
01
2005
9.5806
9.9451
0
MFS/Sun Life Series New Discovery Series S Class
01
2004
9.0354
9.5806
0
MFS/Sun Life Series New Discovery Series S Class
01
2003
6.7667
9.0354
0
MFS/Sun Life Series New Discovery Series S Class
01
2002
10.3135
6.7667
0
MFS/Sun Life Series New Discovery Series S Class
01
2001
10.0000
10.3135
0
           
MFS/Sun Life Series New Discovery Series S Class
02
2005
9.5320
9.8797
12,811
MFS/Sun Life Series New Discovery Series S Class
02
2004
9.0033
9.5320
12,811
MFS/Sun Life Series New Discovery Series S Class
02
2003
6.7528
9.0033
12,811
MFS/Sun Life Series New Discovery Series S Class
02
2002
10.3081
6.7528
12,811
MFS/Sun Life Series New Discovery Series S Class
02
2001
10.0000
10.3081
0
           
MFS/Sun Life Series New Discovery Series S Class
03
2005
9.4997
9.8363
169,535
MFS/Sun Life Series New Discovery Series S Class
03
2004
8.9819
9.4997
185,185
MFS/Sun Life Series New Discovery Series S Class
03
2003
6.7436
8.9819
190,578
MFS/Sun Life Series New Discovery Series S Class
03
2002
10.3045
6.7436
179,270
MFS/Sun Life Series New Discovery Series S Class
03
2001
10.0000
10.3045
23,281
           
MFS/Sun Life Series New Discovery Series S Class
04
2005
9.4513
9.7714
150,608
MFS/Sun Life Series New Discovery Series S Class
04
2004
8.9498
9.4513
170,157
MFS/Sun Life Series New Discovery Series S Class
04
2003
6.7298
8.9498
169,478
MFS/Sun Life Series New Discovery Series S Class
04
2002
10.2991
6.7298
145,864
MFS/Sun Life Series New Discovery Series S Class
04
2001
10.0000
10.2991
12,143
           
MFS/Sun Life Series New Discovery Series S Class
05
2005
9.4193
9.7284
122,251
MFS/Sun Life Series New Discovery Series S Class
05
2004
8.9285
9.4193
120,348
MFS/Sun Life Series New Discovery Series S Class
05
2003
6.7206
8.9285
132,067
MFS/Sun Life Series New Discovery Series S Class
05
2002
10.2955
6.7206
123,743
MFS/Sun Life Series New Discovery Series S Class
05
2001
10.0000
10.2955
16,844
           
MFS/Sun Life Series New Discovery Series S Class
06
2005
9.3712
9.6641
197,852
MFS/Sun Life Series New Discovery Series S Class
06
2004
8.8966
9.3712
234,736
MFS/Sun Life Series New Discovery Series S Class
06
2003
6.7067
8.8966
244,896
MFS/Sun Life Series New Discovery Series S Class
06
2002
10.2900
6.7067
265,071
MFS/Sun Life Series New Discovery Series S Class
06
2001
10.0000
10.2900
51,261
           
MFS/Sun Life Series Research International Series
01
2005
10.8186
12.4720
0
MFS/Sun Life Series Research International Series
01
2004
9.0258
10.8186
0
MFS/Sun Life Series Research International Series
01
2003
6.8177
9.0258
0
MFS/Sun Life Series Research International Series
01
2002
7.7877
6.8177
0
MFS/Sun Life Series Research International Series
01
2001
9.5749
7.7877
0
MFS/Sun Life Series Research International Series
01
2000
10.0000
9.5749
0
           
MFS/Sun Life Series Research International Series
02
2005
10.7505
12.3748
0
MFS/Sun Life Series Research International Series
02
2004
8.9827
10.7505
0
MFS/Sun Life Series Research International Series
02
2003
6.7955
8.9827
0
MFS/Sun Life Series Research International Series
02
2002
7.7741
6.7955
0
MFS/Sun Life Series Research International Series
02
2001
9.5728
7.7741
0
MFS/Sun Life Series Research International Series
02
2000
10.0000
9.5728
0
           
MFS/Sun Life Series Research International Series
03
2005
10.7053
12.3103
2,801
MFS/Sun Life Series Research International Series
03
2004
8.9540
10.7053
2,875
MFS/Sun Life Series Research International Series
03
2003
6.7806
8.9540
2,695
MFS/Sun Life Series Research International Series
03
2002
7.7650
6.7806
2,568
MFS/Sun Life Series Research International Series
03
2001
9.5713
7.7650
1,437
MFS/Sun Life Series Research International Series
03
2000
10.0000
9.5713
0
           
MFS/Sun Life Series Research International Series
04
2005
10.6378
12.2141
1,881
MFS/Sun Life Series Research International Series
04
2004
8.9111
10.6378
2,095
MFS/Sun Life Series Research International Series
04
2003
6.7585
8.9111
2,278
MFS/Sun Life Series Research International Series
04
2002
7.7514
6.7585
2,784
MFS/Sun Life Series Research International Series
04
2001
9.5692
7.7514
3,852
MFS/Sun Life Series Research International Series
04
2000
10.0000
9.5692
314
           
MFS/Sun Life Series Research International Series
05
2005
10.5931
12.1505
2,152
MFS/Sun Life Series Research International Series
05
2004
8.8827
10.5931
2,458
MFS/Sun Life Series Research International Series
05
2003
6.7437
8.8827
2,459
MFS/Sun Life Series Research International Series
05
2002
7.7423
6.7437
2,448
MFS/Sun Life Series Research International Series
05
2001
9.5678
7.7423
2,741
MFS/Sun Life Series Research International Series
05
2000
10.0000
9.5678
0
           
MFS/Sun Life Series Research International Series
06
2005
10.5261
12.0553
2,304
MFS/Sun Life Series Research International Series
06
2004
8.8400
10.5261
6,576
MFS/Sun Life Series Research International Series
06
2003
6.7216
8.8400
6,842
MFS/Sun Life Series Research International Series
06
2002
7.7287
6.7216
7,963
MFS/Sun Life Series Research International Series
06
2001
9.5657
7.7287
7,281
MFS/Sun Life Series Research International Series
06
2000
10.0000
9.5657
0
           
MFS/Sun Life Series Research International Series S Class
01
2005
13.0018
14.9414
0
MFS/Sun Life Series Research International Series S Class
01
2004
10.8687
13.0018
0
MFS/Sun Life Series Research International Series S Class
01
2003
8.2376
10.8687
0
MFS/Sun Life Series Research International Series S Class
01
2002
9.4257
8.2376
0
MFS/Sun Life Series Research International Series S Class
01
2001
10.0000
9.4257
0
           
MFS/Sun Life Series Research International Series S Class
02
2005
12.9359
14.8431
0
MFS/Sun Life Series Research International Series S Class
02
2004
10.8300
12.9359
0
MFS/Sun Life Series Research International Series S Class
02
2003
8.2208
10.8300
0
MFS/Sun Life Series Research International Series S Class
02
2002
9.4207
8.2208
0
MFS/Sun Life Series Research International Series S Class
02
2001
10.0000
9.4207
0
           
MFS/Sun Life Series Research International Series S Class
03
2005
12.8920
14.7778
36,330
MFS/Sun Life Series Research International Series S Class
03
2004
10.8043
12.8920
46,240
MFS/Sun Life Series Research International Series S Class
03
2003
8.2096
10.8043
33,015
MFS/Sun Life Series Research International Series S Class
03
2002
9.4174
8.2096
32,755
MFS/Sun Life Series Research International Series S Class
03
2001
10.0000
9.4174
1,770
           
MFS/Sun Life Series Research International Series S Class
04
2005
12.8265
14.6804
54,688
MFS/Sun Life Series Research International Series S Class
04
2004
10.7657
12.8265
56,310
MFS/Sun Life Series Research International Series S Class
04
2003
8.1928
10.7657
53,893
MFS/Sun Life Series Research International Series S Class
04
2002
9.4125
8.1928
40,134
MFS/Sun Life Series Research International Series S Class
04
2001
10.0000
9.4125
1,150
           
MFS/Sun Life Series Research International Series S Class
05
2005
12.7829
14.6158
18,877
MFS/Sun Life Series Research International Series S Class
05
2004
10.7401
12.7829
15,825
MFS/Sun Life Series Research International Series S Class
05
2003
8.1816
10.7401
17,288
MFS/Sun Life Series Research International Series S Class
05
2002
9.4092
8.1816
21,719
MFS/Sun Life Series Research International Series S Class
05
2001
10.0000
9.4092
1,101
           
MFS/Sun Life Series Research International Series S Class
06
2005
12.7178
14.5192
93,933
MFS/Sun Life Series Research International Series S Class
06
2004
10.7018
12.7178
88,816
MFS/Sun Life Series Research International Series S Class
06
2003
8.1648
10.7018
83,443
MFS/Sun Life Series Research International Series S Class
06
2002
9.4042
8.1648
68,031
MFS/Sun Life Series Research International Series S Class
06
2001
10.0000
9.4042
8,540
           
MFS/Sun Life Series Research Series
01
2005
7.3059
7.8043
0
MFS/Sun Life Series Research Series
01
2004
6.3778
7.3059
0
MFS/Sun Life Series Research Series
01
2003
5.1458
6.3778
0
MFS/Sun Life Series Research Series
01
2002
6.9506
5.1458
0
MFS/Sun Life Series Research Series
01
2001
8.9409
6.9506
0
MFS/Sun Life Series Research Series
01
2000
10.0000
8.9409
0
           
MFS/Sun Life Series Research Series
02
2005
7.2599
7.7435
0
MFS/Sun Life Series Research Series
02
2004
6.3473
7.2599
0
MFS/Sun Life Series Research Series
02
2003
5.1290
6.3473
0
MFS/Sun Life Series Research Series
02
2002
6.9384
5.1290
0
MFS/Sun Life Series Research Series
02
2001
8.9390
6.9384
0
MFS/Sun Life Series Research Series
02
2000
10.0000
8.9390
0
           
MFS/Sun Life Series Research Series
03
2005
7.2293
7.7031
9,313
MFS/Sun Life Series Research Series
03
2004
6.3270
7.2293
33,103
MFS/Sun Life Series Research Series
03
2003
5.1178
6.3270
30,309
MFS/Sun Life Series Research Series
03
2002
6.9303
5.1178
33,857
MFS/Sun Life Series Research Series
03
2001
8.9377
6.9303
33,910
MFS/Sun Life Series Research Series
03
2000
10.0000
8.9377
0
           
MFS/Sun Life Series Research Series
04
2005
7.1837
7.6429
6,922
MFS/Sun Life Series Research Series
04
2004
6.2967
7.1837
10,661
MFS/Sun Life Series Research Series
04
2003
5.1010
6.2967
15,098
MFS/Sun Life Series Research Series
04
2002
6.9182
5.1010
18,377
MFS/Sun Life Series Research Series
04
2001
8.9357
6.9182
21,270
MFS/Sun Life Series Research Series
04
2000
10.0000
8.9357
0
           
MFS/Sun Life Series Research Series
05
2005
7.1535
7.6030
47,554
MFS/Sun Life Series Research Series
05
2004
6.2766
7.1535
43,227
MFS/Sun Life Series Research Series
05
2003
5.0899
6.2766
36,944
MFS/Sun Life Series Research Series
05
2002
6.9101
5.0899
25,912
MFS/Sun Life Series Research Series
05
2001
8.9344
6.9101
26,313
MFS/Sun Life Series Research Series
05
2000
10.0000
8.9344
0
           
MFS/Sun Life Series Research Series
06
2005
7.1083
7.5435
4,645
MFS/Sun Life Series Research Series
06
2004
6.2465
7.1083
11,479
MFS/Sun Life Series Research Series
06
2003
5.0732
6.2465
12,632
MFS/Sun Life Series Research Series
06
2002
6.8979
5.0732
10,463
MFS/Sun Life Series Research Series
06
2001
8.9324
6.8979
9,480
MFS/Sun Life Series Research Series
06
2000
10.0000
8.9324
0
           
MFS/Sun Life Series Research Series S Class
01
2005
10.0704
10.7278
19,533
MFS/Sun Life Series Research Series S Class
01
2004
8.8132
10.0704
19,533
MFS/Sun Life Series Research Series S Class
01
2003
7.1283
8.8132
19,533
MFS/Sun Life Series Research Series S Class
01
2002
9.6554
7.1283
19,533
MFS/Sun Life Series Research Series S Class
01
2001
10.0000
9.6554
12,462
           
MFS/Sun Life Series Research Series S Class
02
2005
10.0193
10.6572
0
MFS/Sun Life Series Research Series S Class
02
2004
8.7819
10.0193
0
MFS/Sun Life Series Research Series S Class
02
2003
7.1137
8.7819
0
MFS/Sun Life Series Research Series S Class
02
2002
9.6504
7.1137
0
MFS/Sun Life Series Research Series S Class
02
2001
10.0000
9.6504
0
           
MFS/Sun Life Series Research Series S Class
03
2005
9.9853
10.6103
53,067
MFS/Sun Life Series Research Series S Class
03
2004
8.7610
9.9853
59,129
MFS/Sun Life Series Research Series S Class
03
2003
7.1040
8.7610
46,256
MFS/Sun Life Series Research Series S Class
03
2002
9.6470
7.1040
45,209
MFS/Sun Life Series Research Series S Class
03
2001
10.0000
9.6470
13,713
           
MFS/Sun Life Series Research Series S Class
04
2005
9.9345
10.5403
53,379
MFS/Sun Life Series Research Series S Class
04
2004
8.7298
9.9345
60,469
MFS/Sun Life Series Research Series S Class
04
2003
7.0894
8.7298
58,453
MFS/Sun Life Series Research Series S Class
04
2002
9.6419
7.0894
43,342
MFS/Sun Life Series Research Series S Class
04
2001
10.0000
9.6419
8,741
           
MFS/Sun Life Series Research Series S Class
05
2005
9.9009
10.4940
28,832
MFS/Sun Life Series Research Series S Class
05
2004
8.7090
9.9009
35,869
MFS/Sun Life Series Research Series S Class
05
2003
7.0797
8.7090
31,016
MFS/Sun Life Series Research Series S Class
05
2002
9.6385
7.0797
47,011
MFS/Sun Life Series Research Series S Class
05
2001
10.0000
9.6385
6,115
           
MFS/Sun Life Series Research Series S Class
06
2005
9.8504
10.4246
55,846
MFS/Sun Life Series Research Series S Class
06
2004
8.6779
9.8504
48,199
MFS/Sun Life Series Research Series S Class
06
2003
7.0652
8.6779
46,181
MFS/Sun Life Series Research Series S Class
06
2002
9.6334
7.0652
43,518
MFS/Sun Life Series Research Series S Class
06
2001
10.0000
9.6334
9,471
           
MFS/Sun Life Series Strategic Growth Series
01
2005
5.8702
5.8871
0
MFS/Sun Life Series Strategic Growth Series
01
2004
5.5565
5.8702
0
MFS/Sun Life Series Strategic Growth Series
01
2003
4.4053
5.5565
0
MFS/Sun Life Series Strategic Growth Series
01
2002
6.3725
4.4053
0
MFS/Sun Life Series Strategic Growth Series
01
2001
8.5498
6.3725
0
MFS/Sun Life Series Strategic Growth Series
01
2000
10.0000
8.5498
0
           
MFS/Sun Life Series Strategic Growth Series
02
2005
5.8332
5.8412
0
MFS/Sun Life Series Strategic Growth Series
02
2004
5.5299
5.8332
0
MFS/Sun Life Series Strategic Growth Series
02
2003
4.3909
5.5299
0
MFS/Sun Life Series Strategic Growth Series
02
2002
6.3613
4.3909
0
MFS/Sun Life Series Strategic Growth Series
02
2001
8.5479
6.3613
0
MFS/Sun Life Series Strategic Growth Series
02
2000
10.0000
8.5479
0
           
MFS/Sun Life Series Strategic Growth Series
03
2005
5.8087
5.8107
159
MFS/Sun Life Series Strategic Growth Series
03
2004
5.5122
5.8087
160
MFS/Sun Life Series Strategic Growth Series
03
2003
4.3813
5.5122
161
MFS/Sun Life Series Strategic Growth Series
03
2002
6.3539
4.3813
162
MFS/Sun Life Series Strategic Growth Series
03
2001
8.5467
6.3539
163
MFS/Sun Life Series Strategic Growth Series
03
2000
10.0000
8.5467
0
           
MFS/Sun Life Series Strategic Growth Series
04
2005
5.7720
5.7653
5,452
MFS/Sun Life Series Strategic Growth Series
04
2004
5.4858
5.7720
8,877
MFS/Sun Life Series Strategic Growth Series
04
2003
4.3670
5.4858
7,547
MFS/Sun Life Series Strategic Growth Series
04
2002
6.3427
4.3670
5,840
MFS/Sun Life Series Strategic Growth Series
04
2001
8.5448
6.3427
4,648
MFS/Sun Life Series Strategic Growth Series
04
2000
10.0000
8.5448
0
           
MFS/Sun Life Series Strategic Growth Series
05
2005
5.7477
5.7352
6,438
MFS/Sun Life Series Strategic Growth Series
05
2004
5.4683
5.7477
7,345
MFS/Sun Life Series Strategic Growth Series
05
2003
4.3574
5.4683
6,993
MFS/Sun Life Series Strategic Growth Series
05
2002
6.3353
4.3574
6,260
MFS/Sun Life Series Strategic Growth Series
05
2001
8.5435
6.3353
4,761
MFS/Sun Life Series Strategic Growth Series
05
2000
10.0000
8.5435
0
           
MFS/Sun Life Series Strategic Growth Series
06
2005
5.7114
5.6903
597
MFS/Sun Life Series Strategic Growth Series
06
2004
5.4420
5.7114
1,317
MFS/Sun Life Series Strategic Growth Series
06
2003
4.3431
5.4420
1,170
MFS/Sun Life Series Strategic Growth Series
06
2002
6.3241
4.3431
1,174
MFS/Sun Life Series Strategic Growth Series
06
2001
8.5416
6.3241
603
MFS/Sun Life Series Strategic Growth Series
06
2000
10.0000
8.5416
0
           
MFS/Sun Life Series Strategic Growth Series S Class
01
2005
8.9209
8.9265
0
MFS/Sun Life Series Strategic Growth Series S Class
01
2004
8.4633
8.9209
0
MFS/Sun Life Series Strategic Growth Series S Class
01
2003
6.7356
8.4633
0
MFS/Sun Life Series Strategic Growth Series S Class
01
2002
9.7495
6.7356
0
MFS/Sun Life Series Strategic Growth Series S Class
01
2001
10.0000
9.7495
0
           
MFS/Sun Life Series Strategic Growth Series S Class
02
2005
8.8756
8.8677
0
MFS/Sun Life Series Strategic Growth Series S Class
02
2004
8.4331
8.8756
0
MFS/Sun Life Series Strategic Growth Series S Class
02
2003
6.7218
8.4331
0
MFS/Sun Life Series Strategic Growth Series S Class
02
2002
9.7444
6.7218
0
MFS/Sun Life Series Strategic Growth Series S Class
02
2001
10.0000
9.7444
0
           
MFS/Sun Life Series Strategic Growth Series S Class
03
2005
8.8455
8.8287
39,046
MFS/Sun Life Series Strategic Growth Series S Class
03
2004
8.4131
8.8455
58,432
MFS/Sun Life Series Strategic Growth Series S Class
03
2003
6.7126
8.4131
60,482
MFS/Sun Life Series Strategic Growth Series S Class
03
2002
9.7410
6.7126
43,880
MFS/Sun Life Series Strategic Growth Series S Class
03
2001
10.0000
9.7410
2,998
           
MFS/Sun Life Series Strategic Growth Series S Class
04
2005
8.8005
8.7705
30,680
MFS/Sun Life Series Strategic Growth Series S Class
04
2004
8.3831
8.8005
36,903
MFS/Sun Life Series Strategic Growth Series S Class
04
2003
6.6988
8.3831
34,122
MFS/Sun Life Series Strategic Growth Series S Class
04
2002
9.7358
6.6988
32,358
MFS/Sun Life Series Strategic Growth Series S Class
04
2001
10.0000
9.7358
6,684
           
MFS/Sun Life Series Strategic Growth Series S Class
05
2005
8.7706
8.7318
27,208
MFS/Sun Life Series Strategic Growth Series S Class
05
2004
8.3631
8.7706
32,406
MFS/Sun Life Series Strategic Growth Series S Class
05
2003
6.6896
8.3631
30,486
MFS/Sun Life Series Strategic Growth Series S Class
05
2002
9.7324
6.6896
35,571
MFS/Sun Life Series Strategic Growth Series S Class
05
2001
10.0000
9.7324
3,077
           
MFS/Sun Life Series Strategic Growth Series S Class
06
2005
8.7259
8.6741
85,491
MFS/Sun Life Series Strategic Growth Series S Class
06
2004
8.3332
8.7259
94,099
MFS/Sun Life Series Strategic Growth Series S Class
06
2003
6.6759
8.3332
93,610
MFS/Sun Life Series Strategic Growth Series S Class
06
2002
9.7273
6.6759
77,648
MFS/Sun Life Series Strategic Growth Series S Class
06
2001
10.0000
9.7273
19,145
           
MFS/Sun Life Series Strategic Income Series
01
2005
13.3889
13.4921
0
MFS/Sun Life Series Strategic Income Series
01
2004
12.5303
13.3889
0
MFS/Sun Life Series Strategic Income Series
01
2003
11.2232
12.5303
0
MFS/Sun Life Series Strategic Income Series
01
2002
10.5577
11.2232
0
MFS/Sun Life Series Strategic Income Series
01
2001
10.3296
10.5577
0
MFS/Sun Life Series Strategic Income Series
01
2000
10.0000
10.3296
0
           
MFS/Sun Life Series Strategic Income Series
02
2005
13.3047
13.3870
0
MFS/Sun Life Series Strategic Income Series
02
2004
12.4706
13.3047
0
MFS/Sun Life Series Strategic Income Series
02
2003
11.1867
12.4706
0
MFS/Sun Life Series Strategic Income Series
02
2002
10.5392
11.1867
0
MFS/Sun Life Series Strategic Income Series
02
2001
10.3274
10.5392
0
MFS/Sun Life Series Strategic Income Series
02
2000
10.0000
10.3274
0
           
MFS/Sun Life Series Strategic Income Series
03
2005
13.2488
13.3172
1,729
MFS/Sun Life Series Strategic Income Series
03
2004
12.4308
13.2488
1,829
MFS/Sun Life Series Strategic Income Series
03
2003
11.1623
12.4308
2,490
MFS/Sun Life Series Strategic Income Series
03
2002
10.5270
11.1623
4,175
MFS/Sun Life Series Strategic Income Series
03
2001
10.3259
10.5270
4,306
MFS/Sun Life Series Strategic Income Series
03
2000
10.0000
10.3259
0
           
MFS/Sun Life Series Strategic Income Series
04
2005
13.1653
13.2133
3,293
MFS/Sun Life Series Strategic Income Series
04
2004
12.3713
13.1653
3,560
MFS/Sun Life Series Strategic Income Series
04
2003
11.1258
12.3713
4,535
MFS/Sun Life Series Strategic Income Series
04
2002
10.5085
11.1258
5,409
MFS/Sun Life Series Strategic Income Series
04
2001
10.3236
10.5085
7,220
MFS/Sun Life Series Strategic Income Series
04
2000
10.0000
10.3236
0
           
MFS/Sun Life Series Strategic Income Series
05
2005
13.1100
13.1444
3,523
MFS/Sun Life Series Strategic Income Series
05
2004
12.3318
13.1100
3,716
MFS/Sun Life Series Strategic Income Series
05
2003
11.1016
12.3318
4,058
MFS/Sun Life Series Strategic Income Series
05
2002
10.4963
11.1016
3,048
MFS/Sun Life Series Strategic Income Series
05
2001
10.3221
10.4963
2,196
MFS/Sun Life Series Strategic Income Series
05
2000
10.0000
10.3221
0
           
MFS/Sun Life Series Strategic Income Series
06
2005
13.0272
13.0415
0
MFS/Sun Life Series Strategic Income Series
06
2004
12.2727
13.0272
0
MFS/Sun Life Series Strategic Income Series
06
2003
11.0652
12.2727
0
MFS/Sun Life Series Strategic Income Series
06
2002
10.4779
11.0652
0
MFS/Sun Life Series Strategic Income Series
06
2001
10.3198
10.4779
0
MFS/Sun Life Series Strategic Income Series
06
2000
10.0000
10.3198
0
           
MFS/Sun Life Series Strategic Income Series S Class
01
2005
12.6968
12.7594
0
MFS/Sun Life Series Strategic Income Series S Class
01
2004
11.9062
12.6968
0
MFS/Sun Life Series Strategic Income Series S Class
01
2003
10.7032
11.9062
0
MFS/Sun Life Series Strategic Income Series S Class
01
2002
10.0908
10.7032
0
MFS/Sun Life Series Strategic Income Series S Class
01
2001
10.0000
10.0908
0
           
MFS/Sun Life Series Strategic Income Series S Class
02
2005
12.6324
12.6755
14,747
MFS/Sun Life Series Strategic Income Series S Class
02
2004
11.8639
12.6324
14,747
MFS/Sun Life Series Strategic Income Series S Class
02
2003
10.6813
11.8639
14,747
MFS/Sun Life Series Strategic Income Series S Class
02
2002
10.0855
10.6813
14,747
MFS/Sun Life Series Strategic Income Series S Class
02
2001
10.0000
10.0855
0
           
MFS/Sun Life Series Strategic Income Series S Class
03
2005
12.5896
12.6198
171,679
MFS/Sun Life Series Strategic Income Series S Class
03
2004
11.8357
12.5896
184,468
MFS/Sun Life Series Strategic Income Series S Class
03
2003
10.6668
11.8357
192,625
MFS/Sun Life Series Strategic Income Series S Class
03
2002
10.0820
10.6668
177,073
MFS/Sun Life Series Strategic Income Series S Class
03
2001
10.0000
10.0820
9,852
           
MFS/Sun Life Series Strategic Income Series S Class
04
2005
12.5256
12.5366
70,713
MFS/Sun Life Series Strategic Income Series S Class
04
2004
11.7935
12.5256
72,252
MFS/Sun Life Series Strategic Income Series S Class
04
2003
10.6449
11.7935
74,962
MFS/Sun Life Series Strategic Income Series S Class
04
2002
10.0767
10.6449
61,047
MFS/Sun Life Series Strategic Income Series S Class
04
2001
10.0000
10.0767
5,454
           
MFS/Sun Life Series Strategic Income Series S Class
05
2005
12.4831
12.4814
57,090
MFS/Sun Life Series Strategic Income Series S Class
05
2004
11.7655
12.4831
63,972
MFS/Sun Life Series Strategic Income Series S Class
05
2003
10.6304
11.7655
67,379
MFS/Sun Life Series Strategic Income Series S Class
05
2002
10.0732
10.6304
60,252
MFS/Sun Life Series Strategic Income Series S Class
05
2001
10.0000
10.0732
2,937
           
MFS/Sun Life Series Strategic Income Series S Class
06
2005
12.4196
12.3990
107,827
MFS/Sun Life Series Strategic Income Series S Class
06
2004
11.7235
12.4196
113,446
MFS/Sun Life Series Strategic Income Series S Class
06
2003
10.6086
11.7235
115,951
MFS/Sun Life Series Strategic Income Series S Class
06
2002
10.0679
10.6086
109,292
MFS/Sun Life Series Strategic Income Series S Class
06
2001
10.0000
10.0679
15,236
           
MFS/Sun Life Series Strategic Value Series S Class
01
2005
11.4727
11.2651
0
MFS/Sun Life Series Strategic Value Series S Class
01
2004
9.8503
11.4727
0
MFS/Sun Life Series Strategic Value Series S Class
01
2003
7.8414
9.8503
0
MFS/Sun Life Series Strategic Value Series S Class
01
2002
10.0000
7.8414
0
           
MFS/Sun Life Series Strategic Value Series S Class
02
2005
11.4262
11.2025
0
MFS/Sun Life Series Strategic Value Series S Class
02
2004
9.8253
11.4262
0
MFS/Sun Life Series Strategic Value Series S Class
02
2003
7.8334
9.8253
0
MFS/Sun Life Series Strategic Value Series S Class
02
2002
10.0000
7.8334
0
           
MFS/Sun Life Series Strategic Value Series S Class
03
2005
11.3953
11.1609
19,030
MFS/Sun Life Series Strategic Value Series S Class
03
2004
9.8087
11.3953
26,318
MFS/Sun Life Series Strategic Value Series S Class
03
2003
7.8281
9.8087
21,677
MFS/Sun Life Series Strategic Value Series S Class
03
2002
10.0000
7.8281
18,265
           
MFS/Sun Life Series Strategic Value Series S Class
04
2005
11.3490
11.0987
12,382
MFS/Sun Life Series Strategic Value Series S Class
04
2004
9.7838
11.3490
12,291
MFS/Sun Life Series Strategic Value Series S Class
04
2003
7.8201
9.7838
12,376
MFS/Sun Life Series Strategic Value Series S Class
04
2002
10.0000
7.8201
7,222
           
MFS/Sun Life Series Strategic Value Series S Class
05
2005
11.3182
11.0574
14,695
MFS/Sun Life Series Strategic Value Series S Class
05
2004
9.7672
11.3182
13,156
MFS/Sun Life Series Strategic Value Series S Class
05
2003
7.8147
9.7672
13,595
MFS/Sun Life Series Strategic Value Series S Class
05
2002
10.0000
7.8147
4,310
           
MFS/Sun Life Series Strategic Value Series S Class
06
2005
11.2721
10.9956
33,177
MFS/Sun Life Series Strategic Value Series S Class
06
2004
9.7423
11.2721
37,879
MFS/Sun Life Series Strategic Value Series S Class
06
2003
7.8067
9.7423
44,319
MFS/Sun Life Series Strategic Value Series S Class
06
2002
10.0000
7.8067
27,339
           
MFS/Sun Life Series Technology Series
01
2005
3.3514
3.5199
0
MFS/Sun Life Series Technology Series
01
2004
3.3081
3.3514
0
MFS/Sun Life Series Technology Series
01
2003
2.3006
3.3081
0
MFS/Sun Life Series Technology Series
01
2002
4.3065
2.3006
0
MFS/Sun Life Series Technology Series
01
2001
7.1225
4.3065
0
MFS/Sun Life Series Technology Series
01
2000
10.0000
7.1225
0
           
MFS/Sun Life Series Technology Series
02
2005
3.3300
3.4924
0
MFS/Sun Life Series Technology Series
02
2004
3.2920
3.3303
0
MFS/Sun Life Series Technology Series
02
2003
2.2930
3.2922
0
MFS/Sun Life Series Technology Series
02
2002
4.2990
2.2930
0
MFS/Sun Life Series Technology Series
02
2001
7.1210
4.2989
0
MFS/Sun Life Series Technology Series
02
2000
10.0000
7.1210
0
           
MFS/Sun Life Series Technology Series
03
2005
3.3162
3.4741
2,999
MFS/Sun Life Series Technology Series
03
2004
3.2817
3.3162
7,377
MFS/Sun Life Series Technology Series
03
2003
2.2880
3.2817
3,792
MFS/Sun Life Series Technology Series
03
2002
4.2939
2.2880
1,857
MFS/Sun Life Series Technology Series
03
2001
7.1199
4.2939
2,825
MFS/Sun Life Series Technology Series
03
2000
10.0000
7.1199
0
           
MFS/Sun Life Series Technology Series
04
2005
3.2953
3.4470
6,544
MFS/Sun Life Series Technology Series
04
2004
3.2659
3.2953
6,549
MFS/Sun Life Series Technology Series
04
2003
2.2805
3.2659
8,636
MFS/Sun Life Series Technology Series
04
2002
4.2863
2.2805
10,342
MFS/Sun Life Series Technology Series
04
2001
7.1183
4.2863
10,352
MFS/Sun Life Series Technology Series
04
2000
10.0000
7.1183
0
           
MFS/Sun Life Series Technology Series
05
2005
3.2814
3.4290
23,041
MFS/Sun Life Series Technology Series
05
2004
3.2555
3.2814
29,382
MFS/Sun Life Series Technology Series
05
2003
2.2755
3.2555
31,669
MFS/Sun Life Series Technology Series
05
2002
4.2813
2.2755
23,651
MFS/Sun Life Series Technology Series
05
2001
7.1172
4.2813
21,089
MFS/Sun Life Series Technology Series
05
2000
10.0000
7.1172
0
           
MFS/Sun Life Series Technology Series
06
2005
3.2606
3.4021
874
MFS/Sun Life Series Technology Series
06
2004
3.2398
3.2606
877
MFS/Sun Life Series Technology Series
06
2003
2.2680
3.2398
880
MFS/Sun Life Series Technology Series
06
2002
4.2737
2.2680
885
MFS/Sun Life Series Technology Series
06
2001
7.1156
4.2737
887
MFS/Sun Life Series Technology Series
06
2000
10.0000
7.1156
0
           
MFS/Sun Life Series Technology Series S Class
01
2005
7.4896
7.8538
0
MFS/Sun Life Series Technology Series S Class
01
2004
7.4272
7.4896
0
MFS/Sun Life Series Technology Series S Class
01
2003
5.1663
7.4272
0
MFS/Sun Life Series Technology Series S Class
01
2002
9.7419
5.1663
0
MFS/Sun Life Series Technology Series S Class
01
2001
10.0000
9.7419
0
           
MFS/Sun Life Series Technology Series S Class
02
2005
7.4516
7.8021
0
MFS/Sun Life Series Technology Series S Class
02
2004
7.4008
7.4516
0
MFS/Sun Life Series Technology Series S Class
02
2003
5.1557
7.4008
0
MFS/Sun Life Series Technology Series S Class
02
2002
9.7368
5.1557
0
MFS/Sun Life Series Technology Series S Class
02
2001
10.0000
9.7368
0
           
MFS/Sun Life Series Technology Series S Class
03
2005
7.4263
7.7677
24,982
MFS/Sun Life Series Technology Series S Class
03
2004
7.3831
7.4263
31,307
MFS/Sun Life Series Technology Series S Class
03
2003
5.1487
7.3831
42,837
MFS/Sun Life Series Technology Series S Class
03
2002
9.7333
5.1487
31,573
MFS/Sun Life Series Technology Series S Class
03
2001
10.0000
9.7333
3,288
           
MFS/Sun Life Series Technology Series S Class
04
2005
7.3885
7.7165
28,445
MFS/Sun Life Series Technology Series S Class
04
2004
7.3568
7.3885
28,532
MFS/Sun Life Series Technology Series S Class
04
2003
5.1381
7.3568
35,609
MFS/Sun Life Series Technology Series S Class
04
2002
9.7282
5.1381
18,817
MFS/Sun Life Series Technology Series S Class
04
2001
10.0000
9.7282
6,018
           
MFS/Sun Life Series Technology Series S Class
05
2005
7.3635
7.6825
16,932
MFS/Sun Life Series Technology Series S Class
05
2004
7.3393
7.3635
17,450
MFS/Sun Life Series Technology Series S Class
05
2003
5.1310
7.3393
19,800
MFS/Sun Life Series Technology Series S Class
05
2002
9.7248
5.1310
10,423
MFS/Sun Life Series Technology Series S Class
05
2001
10.0000
9.7248
1,916
           
MFS/Sun Life Series Technology Series S Class
06
2005
7.3259
7.6317
34,858
MFS/Sun Life Series Technology Series S Class
06
2004
7.3130
7.3259
35,203
MFS/Sun Life Series Technology Series S Class
06
2003
5.1205
7.3130
52,386
MFS/Sun Life Series Technology Series S Class
06
2002
9.7196
5.1205
27,194
MFS/Sun Life Series Technology Series S Class
06
2001
10.0000
9.7196
11,702
           
MFS/Sun Life Series Total Return Series
01
2005
12.2947
12.5275
0
MFS/Sun Life Series Total Return Series
01
2004
11.1525
12.2947
0
MFS/Sun Life Series Total Return Series
01
2003
9.6257
11.1525
0
MFS/Sun Life Series Total Return Series
01
2002
10.3227
9.6257
0
MFS/Sun Life Series Total Return Series
01
2001
10.3850
10.3227
0
MFS/Sun Life Series Total Return Series
01
2000
10.0000
10.3850
0
           
MFS/Sun Life Series Total Return Series
02
2005
12.2175
12.4299
0
MFS/Sun Life Series Total Return Series
02
2004
11.0993
12.2175
0
MFS/Sun Life Series Total Return Series
02
2003
9.5943
11.0993
0
MFS/Sun Life Series Total Return Series
02
2002
10.3047
9.5943
0
MFS/Sun Life Series Total Return Series
02
2001
10.3827
10.3047
0
MFS/Sun Life Series Total Return Series
02
2000
10.0000
10.3827
0
           
MFS/Sun Life Series Total Return Series
03
2005
12.1661
12.3651
66,256
MFS/Sun Life Series Total Return Series
03
2004
11.0639
12.1661
80,337
MFS/Sun Life Series Total Return Series
03
2003
9.5734
11.0639
81,056
MFS/Sun Life Series Total Return Series
03
2002
10.2927
9.5734
81,423
MFS/Sun Life Series Total Return Series
03
2001
10.3812
10.2927
78,404
MFS/Sun Life Series Total Return Series
03
2000
10.0000
10.3812
453
           
MFS/Sun Life Series Total Return Series
04
2005
12.0894
12.2685
14,735
MFS/Sun Life Series Total Return Series
04
2004
11.0109
12.0894
16,681
MFS/Sun Life Series Total Return Series
04
2003
9.5421
11.0109
16,119
MFS/Sun Life Series Total Return Series
04
2002
10.2746
9.5421
24,326
MFS/Sun Life Series Total Return Series
04
2001
10.3789
10.2746
25,142
MFS/Sun Life Series Total Return Series
04
2000
10.0000
10.3789
289
           
MFS/Sun Life Series Total Return Series
05
2005
12.0386
12.2046
71,289
MFS/Sun Life Series Total Return Series
05
2004
10.9758
12.0386
72,333
MFS/Sun Life Series Total Return Series
05
2003
9.5213
10.9758
65,756
MFS/Sun Life Series Total Return Series
05
2002
10.2627
9.5213
63,598
MFS/Sun Life Series Total Return Series
05
2001
10.3774
10.2627
52,401
MFS/Sun Life Series Total Return Series
05
2000
10.0000
10.3774
376
           
MFS/Sun Life Series Total Return Series
06
2005
11.9630
12.1091
17,734
MFS/Sun Life Series Total Return Series
06
2004
10.9230
11.9625
22,744
MFS/Sun Life Series Total Return Series
06
2003
9.4900
10.9232
27,778
MFS/Sun Life Series Total Return Series
06
2002
10.2450
9.4901
28,608
MFS/Sun Life Series Total Return Series
06
2001
10.3750
10.2447
19,793
MFS/Sun Life Series Total Return Series
06
2000
10.0000
10.3751
0
           
MFS/Sun Life Series Total Return Series S Class
01
2005
11.7901
11.9887
0
MFS/Sun Life Series Total Return Series S Class
01
2004
10.7262
11.7901
0
MFS/Sun Life Series Total Return Series S Class
01
2003
9.2830
10.7262
0
MFS/Sun Life Series Total Return Series S Class
01
2002
9.9731
9.2830
0
MFS/Sun Life Series Total Return Series S Class
01
2001
10.0000
9.9731
0
           
MFS/Sun Life Series Total Return Series S Class
02
2005
11.7304
11.9099
21,022
MFS/Sun Life Series Total Return Series S Class
02
2004
10.6882
11.7304
21,022
MFS/Sun Life Series Total Return Series S Class
02
2003
9.2641
10.6882
21,022
MFS/Sun Life Series Total Return Series S Class
02
2002
9.9679
9.2641
21,022
MFS/Sun Life Series Total Return Series S Class
02
2001
10.0000
9.9679
0
           
MFS/Sun Life Series Total Return Series S Class
03
2005
11.6906
11.8575
784,776
MFS/Sun Life Series Total Return Series S Class
03
2004
10.6627
11.6906
917,201
MFS/Sun Life Series Total Return Series S Class
03
2003
9.2514
10.6627
969,689
MFS/Sun Life Series Total Return Series S Class
03
2002
9.9644
9.2514
866,460
MFS/Sun Life Series Total Return Series S Class
03
2001
10.0000
9.9644
158,527
           
MFS/Sun Life Series Total Return Series S Class
04
2005
11.6312
11.7793
738,231
MFS/Sun Life Series Total Return Series S Class
04
2004
10.6247
11.6312
772,226
MFS/Sun Life Series Total Return Series S Class
04
2003
9.2325
10.6247
798,442
MFS/Sun Life Series Total Return Series S Class
04
2002
9.9592
9.2325
643,523
MFS/Sun Life Series Total Return Series S Class
04
2001
10.0000
9.9592
85,183
           
MFS/Sun Life Series Total Return Series S Class
05
2005
11.5917
11.7275
420,365
MFS/Sun Life Series Total Return Series S Class
05
2004
10.5995
11.5917
459,991
MFS/Sun Life Series Total Return Series S Class
05
2003
9.2199
10.5995
461,517
MFS/Sun Life Series Total Return Series S Class
05
2002
9.9557
9.2199
469,986
MFS/Sun Life Series Total Return Series S Class
05
2001
10.0000
9.9557
52,873
           
MFS/Sun Life Series Total Return Series S Class
06
2005
11.5327
11.6500
915,984
MFS/Sun Life Series Total Return Series S Class
06
2004
10.5616
11.5327
1,050,513
MFS/Sun Life Series Total Return Series S Class
06
2003
9.2010
10.5616
1,040,602
MFS/Sun Life Series Total Return Series S Class
06
2002
9.9504
9.2010
1,102,591
MFS/Sun Life Series Total Return Series S Class
06
2001
10.0000
9.9504
162,727
           
MFS/Sun Life Series Utilities Series
01
2005
9.6943
11.2460
0
MFS/Sun Life Series Utilities Series
01
2004
7.5187
9.6943
0
MFS/Sun Life Series Utilities Series
01
2003
5.5794
7.5187
0
MFS/Sun Life Series Utilities Series
01
2002
7.4086
5.5794
0
MFS/Sun Life Series Utilities Series
01
2001
9.8978
7.4086
0
MFS/Sun Life Series Utilities Series
01
2000
10.0000
9.8978
0
           
MFS/Sun Life Series Utilities Series
02
2005
9.6334
11.1584
0
MFS/Sun Life Series Utilities Series
02
2004
7.4828
9.6334
0
MFS/Sun Life Series Utilities Series
02
2003
5.5612
7.4828
0
MFS/Sun Life Series Utilities Series
02
2002
7.3957
5.5612
0
MFS/Sun Life Series Utilities Series
02
2001
9.8956
7.3957
0
MFS/Sun Life Series Utilities Series
02
2000
10.0000
9.8956
0
           
MFS/Sun Life Series Utilities Series
03
2005
9.5928
11.1002
18,614
MFS/Sun Life Series Utilities Series
03
2004
7.4589
9.5928
20,329
MFS/Sun Life Series Utilities Series
03
2003
5.5490
7.4589
13,584
MFS/Sun Life Series Utilities Series
03
2002
7.3870
5.5490
11,312
MFS/Sun Life Series Utilities Series
03
2001
9.8942
7.3870
15,859
MFS/Sun Life Series Utilities Series
03
2000
10.0000
9.8942
0
           
MFS/Sun Life Series Utilities Series
04
2005
9.5324
11.0136
12,231
MFS/Sun Life Series Utilities Series
04
2004
7.4232
9.5324
12,888
MFS/Sun Life Series Utilities Series
04
2003
5.5309
7.4232
17,311
MFS/Sun Life Series Utilities Series
04
2002
7.3741
5.5309
18,432
MFS/Sun Life Series Utilities Series
04
2001
9.8920
7.3741
19,585
MFS/Sun Life Series Utilities Series
04
2000
10.0000
9.8920
0
           
MFS/Sun Life Series Utilities Series
05
2005
9.4923
10.9561
3,298
MFS/Sun Life Series Utilities Series
05
2004
7.3995
9.4923
9,929
MFS/Sun Life Series Utilities Series
05
2003
5.5188
7.3995
10,197
MFS/Sun Life Series Utilities Series
05
2002
7.3655
5.5188
11,049
MFS/Sun Life Series Utilities Series
05
2001
9.8905
7.3655
15,116
MFS/Sun Life Series Utilities Series
05
2000
10.0000
9.8905
2,091
           
MFS/Sun Life Series Utilities Series
06
2005
9.4323
10.8704
829
MFS/Sun Life Series Utilities Series
06
2004
7.3640
9.4323
4,418
MFS/Sun Life Series Utilities Series
06
2003
5.5007
7.3640
4,706
MFS/Sun Life Series Utilities Series
06
2002
7.3525
5.5007
6,169
MFS/Sun Life Series Utilities Series
06
2001
9.8883
7.3525
5,727
MFS/Sun Life Series Utilities Series
06
2000
10.0000
9.8883
0
           
MFS/Sun Life Series Utilities Series S Class
01
2005
11.5939
13.4129
0
MFS/Sun Life Series Utilities Series S Class
01
2004
9.0168
11.5939
0
MFS/Sun Life Series Utilities Series S Class
01
2003
6.7022
9.0168
0
MFS/Sun Life Series Utilities Series S Class
01
2002
8.9346
6.7022
0
MFS/Sun Life Series Utilities Series S Class
01
2001
10.0000
8.9346
0
           
MFS/Sun Life Series Utilities Series S Class
02
2005
11.5351
13.3247
0
MFS/Sun Life Series Utilities Series S Class
02
2004
8.9847
11.5351
0
MFS/Sun Life Series Utilities Series S Class
02
2003
6.6885
8.9847
0
MFS/Sun Life Series Utilities Series S Class
02
2002
8.9299
6.6885
0
MFS/Sun Life Series Utilities Series S Class
02
2001
10.0000
8.9299
0
           
MFS/Sun Life Series Utilities Series S Class
03
2005
11.4960
13.2661
70,496
MFS/Sun Life Series Utilities Series S Class
03
2004
8.9633
11.4960
55,097
MFS/Sun Life Series Utilities Series S Class
03
2003
6.6794
8.9633
70,661
MFS/Sun Life Series Utilities Series S Class
03
2002
8.9267
6.6794
48,937
MFS/Sun Life Series Utilities Series S Class
03
2001
10.0000
8.9267
16,410
           
MFS/Sun Life Series Utilities Series S Class
04
2005
11.4375
13.1786
61,636
MFS/Sun Life Series Utilities Series S Class
04
2004
8.9314
11.4375
56,331
MFS/Sun Life Series Utilities Series S Class
04
2003
6.6657
8.9314
54,034
MFS/Sun Life Series Utilities Series S Class
04
2002
8.9220
6.6657
42,739
MFS/Sun Life Series Utilities Series S Class
04
2001
10.0000
8.9220
11,693
           
MFS/Sun Life Series Utilities Series S Class
05
2005
11.3987
13.1207
17,447
MFS/Sun Life Series Utilities Series S Class
05
2004
8.9101
11.3987
19,503
MFS/Sun Life Series Utilities Series S Class
05
2003
6.6566
8.9101
16,058
MFS/Sun Life Series Utilities Series S Class
05
2002
8.9189
6.6566
20,071
MFS/Sun Life Series Utilities Series S Class
05
2001
10.0000
8.9189
8,516
           
MFS/Sun Life Series Utilities Series S Class
06
2005
11.3407
13.0340
117,500
MFS/Sun Life Series Utilities Series S Class
06
2004
8.8783
11.3407
103,992
MFS/Sun Life Series Utilities Series S Class
06
2003
6.6429
8.8783
96,380
MFS/Sun Life Series Utilities Series S Class
06
2002
8.9142
6.6429
86,163
MFS/Sun Life Series Utilities Series S Class
06
2001
10.0000
8.9142
18,543
           
MFS/Sun Life Series Value Series
01
2005
11.7522
12.3901
0
MFS/Sun Life Series Value Series
01
2004
10.2865
11.7522
0
MFS/Sun Life Series Value Series
01
2003
8.2998
10.2865
0
MFS/Sun Life Series Value Series
01
2002
9.7105
8.2998
0
MFS/Sun Life Series Value Series
01
2001
10.6137
9.7105
0
MFS/Sun Life Series Value Series
01
2000
10.0000
10.6137
0
           
MFS/Sun Life Series Value Series
02
2005
11.6783
12.2936
0
MFS/Sun Life Series Value Series
02
2004
10.2374
11.6783
0
MFS/Sun Life Series Value Series
02
2003
8.2727
10.2374
0
MFS/Sun Life Series Value Series
02
2002
9.6935
8.2727
0
MFS/Sun Life Series Value Series
02
2001
10.6114
9.6935
0
MFS/Sun Life Series Value Series
02
2000
10.0000
10.6114
0
           
MFS/Sun Life Series Value Series
03
2005
11.6292
12.2295
28,974
MFS/Sun Life Series Value Series
03
2004
10.2048
11.6292
32,633
MFS/Sun Life Series Value Series
03
2003
8.2547
10.2048
32,231
MFS/Sun Life Series Value Series
03
2002
9.6822
8.2547
33,165
MFS/Sun Life Series Value Series
03
2001
10.6098
9.6822
27,647
MFS/Sun Life Series Value Series
03
2000
10.0000
10.6098
0
           
MFS/Sun Life Series Value Series
04
2005
11.5559
12.1340
10,779
MFS/Sun Life Series Value Series
04
2004
10.1559
11.5559
9,077
MFS/Sun Life Series Value Series
04
2003
8.2277
10.1559
10,343
MFS/Sun Life Series Value Series
04
2002
9.6653
8.2277
14,018
MFS/Sun Life Series Value Series
04
2001
10.6075
9.6653
18,206
MFS/Sun Life Series Value Series
04
2000
10.0000
10.6075
707
           
MFS/Sun Life Series Value Series
05
2005
11.5073
12.0707
32,131
MFS/Sun Life Series Value Series
05
2004
10.1235
11.5073
35,003
MFS/Sun Life Series Value Series
05
2003
8.2097
10.1235
26,898
MFS/Sun Life Series Value Series
05
2002
9.6540
8.2097
20,650
MFS/Sun Life Series Value Series
05
2001
10.6059
9.6540
19,608
MFS/Sun Life Series Value Series
05
2000
10.0000
10.6059
1,998
           
MFS/Sun Life Series Value Series
06
2005
11.4346
11.9762
9,797
MFS/Sun Life Series Value Series
06
2004
10.0749
11.4346
13,008
MFS/Sun Life Series Value Series
06
2003
8.1828
10.0749
11,858
MFS/Sun Life Series Value Series
06
2002
9.6370
8.1828
13,629
MFS/Sun Life Series Value Series
06
2001
10.6036
9.6370
12,591
MFS/Sun Life Series Value Series
06
2000
10.0000
10.6036
0
           
MFS/Sun Life Series Value Series S Class
01
2005
11.7763
12.3858
65,379
MFS/Sun Life Series Value Series S Class
01
2004
10.3382
11.7763
68,794
MFS/Sun Life Series Value Series S Class
01
2003
8.3567
10.3382
72,257
MFS/Sun Life Series Value Series S Class
01
2002
9.8015
8.3567
31,658
MFS/Sun Life Series Value Series S Class
01
2001
10.0000
9.8015
20,387
           
MFS/Sun Life Series Value Series S Class
02
2005
11.7166
12.3044
0
MFS/Sun Life Series Value Series S Class
02
2004
10.3014
11.7166
0
MFS/Sun Life Series Value Series S Class
02
2003
8.3396
10.3014
0
MFS/Sun Life Series Value Series S Class
02
2002
9.7964
8.3396
0
MFS/Sun Life Series Value Series S Class
02
2001
10.0000
9.7964
0
           
MFS/Sun Life Series Value Series S Class
03
2005
11.6769
12.2503
343,647
MFS/Sun Life Series Value Series S Class
03
2004
10.2769
11.6769
361,411
MFS/Sun Life Series Value Series S Class
03
2003
8.3282
10.2769
351,413
MFS/Sun Life Series Value Series S Class
03
2002
9.7929
8.3282
340,903
MFS/Sun Life Series Value Series S Class
03
2001
10.0000
9.7929
65,961
           
MFS/Sun Life Series Value Series S Class
04
2005
11.6175
12.1695
266,497
MFS/Sun Life Series Value Series S Class
04
2004
10.2403
11.6175
292,957
MFS/Sun Life Series Value Series S Class
04
2003
8.3112
10.2403
321,205
MFS/Sun Life Series Value Series S Class
04
2002
9.7878
8.3112
288,653
MFS/Sun Life Series Value Series S Class
04
2001
10.0000
9.7878
29,498
           
MFS/Sun Life Series Value Series S Class
05
2005
11.5781
12.1160
173,956
MFS/Sun Life Series Value Series S Class
05
2004
10.2159
11.5781
195,902
MFS/Sun Life Series Value Series S Class
05
2003
8.2998
10.2159
202,811
MFS/Sun Life Series Value Series S Class
05
2002
9.7844
8.2998
199,381
MFS/Sun Life Series Value Series S Class
05
2001
10.0000
9.7844
27,092
           
MFS/Sun Life Series Value Series S Class
06
2005
11.5191
12.0359
364,976
MFS/Sun Life Series Value Series S Class
06
2004
10.1794
11.5191
408,046
MFS/Sun Life Series Value Series S Class
06
2003
8.2828
10.1794
425,547
MFS/Sun Life Series Value Series S Class
06
2002
9.7792
8.2828
454,778
MFS/Sun Life Series Value Series S Class
06
2001
10.0000
9.7792
83,693


 
 

 

































SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
 
P.O. Box 9133
Wellesley Hills, Massachusetts 02481
 
TELEPHONE:
Toll Free (800) 752-7215
 
GENERAL DISTRIBUTOR
Clarendon Insurance Agency, Inc.
One Sun Life Executive Park
Wellesley Hills, Massachusetts 02481
 
 
 
 
 



 
 

 

SUPPLEMENT DATED JANUARY 11, 2008
TO

PROSPECTUS DATED JULY 18, 2006
FOR FUTURITY FOCUS

AND PROSPECTUSES DATED MAY 1, 2006
FOR FUTURITY FOCUS II, FUTURITY SELECT FOUR, FUTURITY ACCOLADE, FUTURITY,
COLUMBIA ALL-STAR, COLUMBIA ALL-STAR EXTRA, COLUMBIA ALL-STAR FREEDOM,
COLUMBIA ALL-STAR TRADITIONS, FUTURITY SELECT FOUR PLUS,
FUTURITY SELECT INCENTIVE, FUTURITY SELECT FREEDOM,
AND FUTURITY SELECT SEVEN

ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F


Effective May 1, 2008, the name of AIM Advisors, Inc. is changed to Invesco Aim Advisors, Inc.

In the "Distribution of the Contracts" section, “National Association of Securities Dealers, Inc.” is replaced with “Financial Industry Regulatory Authority” and “NASD” is replaced with “FINRA”.





Please retain this supplement with your prospectus for future reference.


 
 

 

PROSPECTUS
MAY 1, 2006
FUTURITY SELECT FOUR

Sun Life Assurance Company of Canada (U.S.) and Sun Life of Canada (U.S.) Variable Account F offer the flexible payment deferred annuity contracts and certificates described in this Prospectus to groups and individuals.

You may choose among a number of variable investment options and fixed interest options. The variable options are Sub-Accounts in the Variable Account, each of which invests in one of the following funds (the "Funds").

Large-Cap Value Equity Funds
Mid-Cap Growth Equity Funds
  AllianceBernstein VPS Growth and Income Portfolio
  AIM V.I. Dynamics Fund
  Franklin Templeton VIP Trust Templeton Foreign
  Lord Abbett Series Fund International Portfolio
      Securities Fund - Class 2
  SCSM Blue Chip Mid Cap Fund
  Franklin Templeton VIP Trust Templeton Growth
Small-Cap Blend Equity Funds
      Securities Fund - Class 2
  JPMorgan Small Company Portfolio2
  Lord Abbett Series Fund Growth and Income Portfolio
Small-Cap Growth Equity Funds
  MFS/Sun Life Total Return - S Class
  AIM V.I. Small Cap Growth Fund7
Large-Cap Blend Equity Funds
  Alger American Small Capitalization Portfolio1
  AIM V.I. Core Equity Fund
  AllianceBernstein VPS Small Cap Growth Portfolio
  Alger American Income & Growth Portfolio1
  Goldman Sachs VIT Structured Small Cap Equity Fund2,6
  AllianceBernstein VPS International Growth Portfolio4
  MFS/ Sun Life New Discovery - S Class
  Fidelity VIP Overseas Portfolio, Service Class 2
Small-Cap Value Equity Funds
  Goldman Sachs VIT Structured U.S. Equity Fund5
  SCSM Oppenheimer Main Street Small Cap Fund3
  Goldman Sachs VIT Growth and Income Fund2
Specialty Funds
  JPMorgan International Equity Portfolio2
  AllianceBernstein VPS Global Technology Portfolio
  JPMorgan U.S. Large Cap Core Equity Portfolio2
  MFS/ Sun Life Utilities - S Class
  MFS/ Sun Life Massachusetts Investors Trust - S Class
  Sun Capital Real Estate Fund®
  Rydex VT Nova Fund
Multi-Cap Equity Funds
  SCSM Davis Venture Value Fund
  Sun Capital ®All Cap Fund
Large-Cap Growth Equity Funds
High-Quality Intermediate-Term Bond Funds
  AIM V.I. Capital Appreciation Fund
  PIMCO VIT Total Return Portfolio
  AIM V.I. International Growth Fund
  Sun Capital Investment Grade Bond Fund®
  Alger American Growth Portfolio1
High-Quality Long-Term Bond Funds
  AllianceBernstein VPS Large Cap Growth Portfolio
  MFS/ Sun Life Government Securities - S Class
  Fidelity VIP Contrafund® Portfolio, Service Class 2
  PIMCO VIT Real Return Portfolio
  Fidelity VIP Growth Portfolio, Service Class 2
Medium-Quality Intermediate-Term Bond Funds
  Goldman Sachs VIT Capital Growth Fund
  PIMCO VIT Emerging Markets Bond Portfolio
  Goldman Sachs VIT International Equity Fund2
Low-Quality Short-Term Bond Funds
  MFS/ Sun Life Capital Appreciation - S Class
  MFS/ Sun Life High Yield - S Class
  MFS/ Sun Life Emerging Growth - S Class
Low-Quality Intermediate-Term Bond Funds
  MFS/ Sun Life Massachusetts Investors Growth
  PIMCO VIT High Yield Portfolio
      Stock - S Class
Money Market Funds
  Rydex VT OTC Fund
  Sun Capital Money Market Fund®
Mid-Cap Value Equity Funds
 
  First Eagle VFT Overseas Variable Series
 
  Lord Abbett Series Fund Mid Cap Value Portfolio
 
________________________________________
1 Not available for further investment after May 1, 2002.
2 Not available to Contracts issued on or after May 1, 2001.
3 Formerly known as the SCSM Value Small Cap Fund.
4 Formerly known as the AllianceBernstein Worldwide Privatiztion Portfolio.
5 Formerly known as Goldman Sachs VIT CORESM U.S. Equity Fund.
6 Formerly known as Goldman Sachs VIT CORESM Small Cap Equity Fund.
7 Name change effective July 3, 2006. Formerly known as AIM V.I. Small Company Growth Fund.

A I M Advisors, Inc., advises the AIM Variable Insurance Funds with INVESCO Funds Group, Inc., serving as sub-investment advisor to the AIM V.I. Dynamics Fund. AllianceBernstein L.P., advises the AllianceBernstein VP Portfolios. Arnhold and S. Bleichroeder Advisers, LLC advises the First Eagle Variable Fund Trust.  Fidelity® Management & Research Company advises the Fidelity VIP Portfolios. Fred Alger Management, Inc., advises the Alger American Funds. Goldman Sachs Asset Management, L.P., advises the Goldman Sachs VIT Funds.  J.P. Morgan Investment Management Inc., advises the J.P. Morgan Series Trust II Portfolios. Lord, Abbett & Co. LLC advises the Lord Abbett Series Fund Portfolios.  Massachusetts Financial Services Company advises the MFS/Sun Life Funds. Pacific Investment Management Company LLC advises the PIMCO Portfolios.  Rydex Investments advises the Rydex VT Portfolios.  Sun Capital Advisers LLC advises the Sun Capital Funds;  SCSM Davis Venture Value Fund (sub-advised by Davis Advisors); SCSM Oppenheimer Main Street Small Cap Fund (sub-advised by OppenheimerFunds, Inc.); and the SCSM Blue Chip Mid Cap Fund (sub-advised by Wellington Management Company, LLP).  Templeton®  Investment Counsel, LLC, advises Templeton Foreign Securities Fund and Templeton®  Global Advisors Limited advises Templeton Growth Securities Fund

The fixed account options are available for specified time periods, called Guarantee Periods, and pay interest at a guaranteed rate for each period.

Please read this Prospectus and the Fund Prospectuses carefully before investing and keep them for future reference. They contain important information about the Contracts and the Funds.

We have filed a Statement of Additional Information dated May 1, 2006 (the "SAI") with the Securities and Exchange Commission (the "SEC"), which is incorporated by reference in this Prospectus. The table of contents for the SAI is on page 46 of this Prospectus. You may obtain a copy without charge by writing to us at the address shown below (which we sometimes refer to as our "Annuity Mailing Address") or by telephoning (800) 752-7215. In addition, the SEC maintains a website (http://www.sec.gov) that contains the SAI, material incorporated by reference, and other information regarding companies that file with the SEC.

The Contracts are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other agency.

The SEC has not approved or disapproved these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

Any reference in this Prospectus to receipt by us means receipt at the following address:

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
P.O. Box 9133
Wellesley Hills, Massachusetts 02481


 
 

 

TABLE OF CONTENTS

Special Terms [INSERT PAGE NUMBER]
Product Highlights [INSERT PAGE NUMBER]
Fees and Expenses [INSERT PAGE NUMBER]
Condensed Financial Information [INSERT PAGE NUMBER]
The Annuity Contract [INSERT PAGE NUMBER]
Communicating to Us About Your Contract [INSERT PAGE NUMBER]
Sun Life Assurance Company of Canada (U.S.) [INSERT PAGE NUMBER]
The Variable Account [INSERT PAGE NUMBER]
Variable Account Options:  The Funds [INSERT PAGE NUMBER]
The Fixed Account [INSERT PAGE NUMBER]
The Fixed Account Options:  The Guarantee Periods [INSERT PAGE NUMBER]
The Accumulation Phase [INSERT PAGE NUMBER]
Issuing Your Contract [INSERT PAGE NUMBER]
Amount and Frequency of Purchase Payments [INSERT PAGE NUMBER]
Allocation of Net Purchase Payments [INSERT PAGE NUMBER]
Your Account [INSERT PAGE NUMBER]
Your Account Value [INSERT PAGE NUMBER]
Variable Account Value [INSERT PAGE NUMBER]
Fixed Account Value [INSERT PAGE NUMBER]
Transfer Privilege [INSERT PAGE NUMBER]
Waivers; Reduced Charges; Special Guaranteed Interest Rates [INSERT PAGE NUMBER]
Other Programs [INSERT PAGE NUMBER]
Withdrawals, Withdrawal Charge and Market Value Adjustment [INSERT PAGE NUMBER]
Cash Withdrawals [INSERT PAGE NUMBER]
Withdrawal Charge [INSERT PAGE NUMBER]
Types of Withdrawals not Subject to Withdrawal Charge [INSERT PAGE NUMBER]
Market Value Adjustment [INSERT PAGE NUMBER]
Contract Charges [INSERT PAGE NUMBER]
Administrative Expense Charge [INSERT PAGE NUMBER]
Mortality and Expense Risk Charge [INSERT PAGE NUMBER]
Charges for Optional Death Benefit Riders [INSERT PAGE NUMBER]
Premium Taxes [INSERT PAGE NUMBER]
Fund Expenses [INSERT PAGE NUMBER]
Modification in the Case of Group Contracts [INSERT PAGE NUMBER]
Death Benefit [INSERT PAGE NUMBER]
Amount of Death Benefit [INSERT PAGE NUMBER]
The Basic Death Benefit [INSERT PAGE NUMBER]
Optional Death Benefit Riders [INSERT PAGE NUMBER]
Spousal Continuance [INSERT PAGE NUMBER]
Calculating the Death Benefit [INSERT PAGE NUMBER]
Method of Paying Death Benefit [INSERT PAGE NUMBER]
Non-Qualified Contracts [INSERT PAGE NUMBER]
Selection and Change of Beneficiary [INSERT PAGE NUMBER]
Payment of Death Benefit [INSERT PAGE NUMBER]
Due Proof of Death [INSERT PAGE NUMBER]
The Income Phase -- Annuity Provisions [INSERT PAGE NUMBER]
Selection of the Annuitant or Co-Annuitant [INSERT PAGE NUMBER]
Selection of the Annuity Commencement Date [INSERT PAGE NUMBER]
Annuity Options [INSERT PAGE NUMBER]
Selection of Annuity Option [INSERT PAGE NUMBER]
Amount of Annuity Payments [INSERT PAGE NUMBER]
Exchange of Variable Annuity Units [INSERT PAGE NUMBER]
Annuity Payment Rates [INSERT PAGE NUMBER]
Annuity Options as Method of Payment for Death Benefit [INSERT PAGE NUMBER]
Other Contract Provisions [INSERT PAGE NUMBER]
Exercise of Contract Rights [INSERT PAGE NUMBER]
Change of Ownership [INSERT PAGE NUMBER]
Voting of Fund Shares [INSERT PAGE NUMBER]
Periodic Reports [INSERT PAGE NUMBER]
Substitution of Securities [INSERT PAGE NUMBER]
Change in Operation of Variable Account [INSERT PAGE NUMBER]
Splitting Units [INSERT PAGE NUMBER]
Modification [INSERT PAGE NUMBER]
Discontinuance of New Participants [INSERT PAGE NUMBER]
Reservation of Rights [INSERT PAGE NUMBER]
Right to Return [INSERT PAGE NUMBER]
Tax Considerations [INSERT PAGE NUMBER]
U.S. Federal Income Tax Considerations [INSERT PAGE NUMBER]
Puerto Rico Tax Considerations [INSERT PAGE NUMBER]
Administration of the Contract [INSERT PAGE NUMBER]
Distribution of the Contract [INSERT PAGE NUMBER]
Performance Information [INSERT PAGE NUMBER]
Available Information [INSERT PAGE NUMBER]
Incorporation of Certain Documents by Reference [INSERT PAGE NUMBER]
State Regulation [INSERT PAGE NUMBER]
Legal Proceedings [INSERT PAGE NUMBER]
Financial Statements [INSERT PAGE NUMBER]
Table of Contents of Statement of Additional Information [INSERT PAGE NUMBER]
Appendix A -  Glossary [INSERT PAGE NUMBER]
Appendix B - Withdrawals, Withdrawal Charges and the Market Value Adjustment[INSERT PAGE NUMBER]
Appendix C - Calculation of Basic Death Benefit [INSERT PAGE NUMBER]
Appendix D - Calculation of EEB Optional Death Benefit [INSERT PAGE NUMBER]
Appendix E - Calculation of Death Benefit when EEB and MAV and 5% Roll-Up Riders are Selected [INSERT PAGE NUMBER]
Appendix F - Calculation of EEB Plus Optional Death Benefit [INSERT PAGE NUMBER]
Appendix G - Calculation of EEB Plus with MAV Optional Death Benefit [INSERT PAGE NUMBER]
Appendix H - Calculation of EEB Plus with 5% Roll-Up Optional Death Benefit [INSERT PAGE NUMBER]
Appendix I - Investment Options and Expenses for Initial Class Shares of MFS/Sun Life Series Trust [INSERT PAGE NUMBER]
Appendix J - Condensed Financial Information [INSERT PAGE NUMBER]


 
 

 

SPECIAL TERMS

Your Contract is a legal document that uses a number of specially defined terms. We explain most of the terms that we use in this Prospectus in the context where they arise, and some are self-explanatory. In addition, for convenient reference, we have compiled a list of these terms in the Glossary included at the back of this Prospectus as Appendix A. If, while you are reading this Prospectus, you come across a term that you do not understand, please refer to the Glossary for an explanation.

PRODUCT HIGHLIGHTS

The headings in this section correspond to headings in the Prospectus under which we discuss these topics in more detail.

The Annuity Contract

The Futurity Select Four Fixed and Variable Annuity Contract provides a number of important benefits for your retirement planning.  During the Accumulation Phase, you make Payments under the Contract and allocate them to one or more Variable Account or Fixed Account options.  During the Income Phase, we make annuity payments to you or someone else based on the amount you have accumulated.  The Contract provides tax-deferral so that you do not pay taxes on your earnings until you withdraw them. When purchased in connection with a tax-qualified plan, the Contract provides no additional tax-deferral benefits because tax-qualified plans confer their own tax-deferral. The Contract also provides a basic death benefit if you die during the Accumulation Phase.  You may enhance the basic death benefit by purchasing one or more optional death benefit riders.

The Accumulation Phase

Under most circumstances, you can buy the Contract with an initial Purchase Payment of $10,000 or more, and you can make additional Purchase Payments at any time during the Accumulation Phase. Currently, there is no minimum amount required for additional Purchase Payments.  However, we reserve the right to limit additional Purchase Payments to at least $1,000. We will not normally accept a Purchase Payment if your Account Value is over $2 million or, if the Purchase Payment would cause your Account Value to exceed $2 million.

Variable Account Options:  The Funds

You can allocate your Purchase Payments among Sub-Accounts investing in a number of Fund options.  Each Fund is either a mutual fund registered under the Investment Company Act of 1940 or a separate series of shares of such a mutual fund.  The investment returns on the Funds are not guaranteed.  You can make or lose money.  You can make transfers among the Funds and the Fixed Account Options.

The Fixed Account Options:  The Guarantee Periods

You can allocate your Purchase Payments to the Fixed Account and elect to invest in one or more of the Guarantee Periods we make available from time to time.  Each Guarantee Period earns interest at a Guaranteed Interest Rate that we publish.  We may change the Guaranteed Interest Rate from time to time, but no Guaranteed Interest Rate will ever be less than the minimum guaranteed interest rate permitted by law.  Once we have accepted your allocation to a particular Guarantee Period, we promise that the Guaranteed Interest Rate applicable to that allocation will not change for the duration of the Guarantee Period.  We may offer Guarantee Periods of different durations or stop offering some Guarantee Periods.   Once we stop offering a Guarantee Period of a particular duration, future allocations or transfers into that Guarantee Period will not be permitted.

Fees and Expenses

The Contract has insurance features and investment features, and there are costs related to each.

If your Account Value is less than $100,000 on your Account Anniversary, we deduct a $50 Annual Account Fee.  We will waive the Account Fee if your Contract was fully invested in the Fixed Account during the entire Account Year.

We deduct a mortality and expense risk charge of 1.20% of the average daily value of the Contract invested in the Variable Account, if your initial Purchase Payment was less than $1,000,000, or 0.95% if your initial Purchase Payment was $1,000,000 or more.  We also deduct an administrative charge of 0.15% of the average daily value of the Contract invested in the Variable Account.  If you take more than a specified amount of money out of your Contract, we assess a withdrawal charge against each Purchase Payment withdrawn.  The withdrawal charge (also known as a "contingent deferred sales charge") starts at 6% in the first Contract year and declines to 0% after four years.

Currently, you can make 12 free transfers each year; however, we reserve the right to impose a charge of up to $15 per transfer.

If you elect one or more of the optional death benefit riders, we will deduct, during the Accumulation Phase, an additional charge from the assets of the Variable Account ranging from 0.15% to 0.40% of the average daily value of your Contract depending upon which optional death benefit rider(s) you elect.

In addition to the charges we impose under the Contract, there are also charges (which include management fees and operating expenses) imposed by the Funds.  The charges vary depending upon which Fund(s) you have selected.

The Income Phase:  Annuity Provisions

If you want to receive regular income from your annuity, you can select one of several Annuity Options. You can choose to receive annuity payments from either the Fixed Account or from the available Variable Account options.  If you choose to have any part of your annuity payments come from the Variable Account, the dollar amount of the payments may fluctuate with the performance of the Funds. Subject to the maximum Annuity Commencement Date, You decide when your Income Phase will begin but, once it begins, you cannot change your choice of annuity payment options.

Death Benefit

If you die before the Contract reaches the Income Phase, the Beneficiary will receive a death benefit.  The amount of the death benefit depends upon your age on the Contract Date and whether you choose the basic death benefit or, for a fee, you enhance the death benefit by electing one or more of the optional death benefit riders available in your state.  If you are 85 or younger on your Contract Date, the basic death benefit pays the greatest of your Account Value, your total Purchase Payments (adjusted for withdrawals), or your cash Surrender Value, all calculated as of your Death Benefit Date. If you are 86 or older on your Contract Date, the basic death benefit is equal to the Surrender Value. You must make your election before the date on which your Contract becomes effective. The riders are only available if you are younger than 80 on the Contract Date. Any optional death benefit rider election may not be changed after your Contract is issued.

Withdrawals, Withdrawal Charge and Market Value Adjustment

You can withdraw money from your Contract during the Accumulation Phase.  You may withdraw a portion of your Account Value each year without the imposition of a withdrawal charge. During the first four Account Years, this "free withdrawal amount" equals 10% of the amount of all Purchase Payments made.  All other amounts are subject to a withdrawal charge. Withdrawals made from the Fixed Account may also be subject to a Market Value Adjustment (see prospectus under "Market Value Adjustment"). You may also have to pay income taxes and tax penalties on money you withdraw.

Right to Return

Your Contract contains a "free look" provision.  If you cancel your Contract within 10 days after receiving it (or later if required by your state), we will send you, depending upon the laws of your state, either the full amount of all of your Purchase Payments or your Account Value as of the day we receive your cancellation request. (This amount may be more or less than the original Purchase Payment).  We will not deduct a withdrawal charge or a Market Value Adjustment.


 
 

 

Tax Considerations

Your earnings are not taxed until you take them out.  If you withdraw money during the Accumulation Phase, earnings come out first and are taxed as income.  If you are younger than 59 1/2 when you take money out, you may be charged a 10% federal tax penalty.

————————
If you have any questions about your Contract or need more information, please contact us at:

     Sun Life Assurance Company of Canada (U.S.)
     P. O. Box 9133
     Wellesley Hills, Massachusetts  02481
     Toll Free (800) 752-7215


 
 

 

FEES AND EXPENSES

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract.

The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer cash value between investment options.

Contract Owner Transaction Expenses

 
Sales Load Imposed on Purchases (as a percentage of purchase payments):
 
0%
       
 
Maximum Withdrawal Charge (as a percentage of purchase payments):
 
6%*
       
 
Maximum Fee Per Transfer (currently $0):
 
$15**
       
 
Premium Taxes (as a percentage of Certificate Value or total purchase payments):
 
0% - 3.5%***

*
Number of Complete Account Years Since Purchase Payment has been in the Account
 
Withdrawal Charge
 
0-1
6%
 
1-2
6%
 
2-3
5%
 
3-4
5%
 
4 or more
0%

 
A portion of your Account may be withdrawn each year without imposition of any withdrawal charge and, after a Purchase Payment has been in your Account for 4 Account Years, it may be withdrawn free of the withdrawal charge. (See "Withdrawal Charges.")
   
**
Currently, we impose no fee upon transfers; however, we reserve the right to impose a fee of up to $15 per transfer. We do impose certain restrictions upon the number and frequency of transfers.  (See "Transfer Privilege.")
   
***
The premium tax rate and base vary by state and the type of Certificate you own. Currently, we deduct premium taxes from Certificate Value upon full surrender (including a surrender for the death benefit) or annuitization. See "Deductions for Premium Taxes."

The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including Fund fees and expenses.

 
Annual Account Fee
$ 50*

Variable Account Annual Expenses
(as a percentage of average daily net Variable Account assets)

 
Mortality and Expense Risks Charge:
1.20%**
 
Administrative Expenses Charge:
0.15%
     
Total Variable Account Annual Expenses (without optional benefits):
1.35%

Charges for Optional Features

 
Maximum Charge for Optional Death Benefit Rider:
0.40%***
     
 
Total Variable Account Annual Expenses with
Maximum Charge for Optional Death Benefit Riders:
 
1.75%

*
The Annual Account Fee is waived if 100% of your Account Value has been allocated to the Fixed Account during the entire Account Year or if your Account Value is $100,000 or more in value on your Account Anniversary. (See "Account Fee.")
   
**
If your initial Purchase Payment is $100,000 or more, the mortality and expense risks charge will be 0.95% of average daily net Variable Account assets. (See "Mortality and Expense Risks Charge.")
   
***
The optional death benefit riders are defined under "Death Benefit."  The charge varies depending upon the rider selected as follows:

 
Rider(s) Elected
% of Average Daily Value
 
"EEB"
0.15%
 
"MAV"
0.15%
 
"5% Roll-Up"
0.15%
 
"EEB" and "MAV"
0.25%
 
"EEB" and "5% Roll-Up"
0.25%
 
"MAV" and "5% Roll-Up"
0.25%
 
"EEB Plus"
0.25%
 
"EEB" and "MAV" and "5% Roll-Up"
0.40%
 
"EEB Plus MAV"
0.40%
 
"EEB Plus 5% Roll-Up"
0.40%

The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract.  More detail concerning each Fund's fees and expenses is contained in the prospectus for each Fund.

 
Total Annual Fund Operating Expenses
Minimum
Maximum
 
(expenses as a percentage of average daily Fund net assets that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
   
 
   Prior to any fee waiver or expense reimbursement*
0.65%
2.74%

*
The expenses shown are for the year ended December 31, 2005, and do not reflect any fee waiver or expense reimbursement.
   
 
The advisers and/or other service providers of certain Funds have agreed to reduce their fees and/or reimburse the Funds' expenses in order to keep the Funds' expenses below specified limits.  The expenses of certain Funds are reduced by contractual fee reduction and expense reimbursement arrangements that will remain in effect at least through December 31, 2006.  Other Funds have voluntary fee reduction and/or expense reimbursement arrangements that may be terminated at any time.  The minimum and maximum Total Annual Fund Operating Expenses for all Funds after all fee reductions and expense reimbursements are 0.65% and 1.66%, respectively.  Each fee reduction and/or expense reimbursement arrangement is described in the relevant Fund's prospectus.

THE ABOVE EXPENSES FOR THE FUNDS WERE PROVIDED BY THE FUNDS.  WE HAVE NOT INDEPENDENTLY VERIFIED THE ACCURACY OF THE INFORMATION.

EXAMPLE

This Example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts.  These costs include Contract Owner transaction expenses, contract fees, variable account annual expenses, and Fund fees and expenses, and are based on a sample Contract with the maximum possible fees.

The Example assumes that you invest $10,000 in the Contract for the time periods indicated and that your Contract includes the maximum charges for optional benefits.  If these optional benefits were not elected or fewer options were elected, the expense figures shown below would be lower.  The Example also assumes that your investment has a 5% return each year and assumes the maximum fees and expenses of any of the Funds. For purposes of converting the annual contract fee to a percentage, the Example assumes an average Contract size of $50,000. In addition, this Example assumes no transfers were made and no premium taxes were deducted.  If these arrangements were considered, the expenses shown would be higher.  This Example also does not take into consideration any fee waiver or expense reimbursement arrangement of the Funds.  If these arrangements were taken into consideration, the expenses shown would be lower.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

 
 

 


(1)
If you surrender your Contract at the end of the applicable time period:

 
1 year
3 years
5 years
10 years
         
 
$1,002
$1,842
$2,319
$4,685

(2)
If you annuitize your Contract or if you do not surrender your Contract at the end of the applicable time period:

 
1 year
3 years
5 years
10 years
         
 
$460
$1,385
$2,319
$4,685

The fee table and example should not be considered a representation of past or future expenses and charges of the Sub-Accounts.  Your actual expenses may be greater or less than those shown.  The example does not include the deduction of state premium taxes, which may be assessed upon full surrender, death or annuitization, or any taxes and penalties you may be required to pay if you surrender the Contract. Similarly, the 5% annual rate of return assumed in the example is not intended to be representative of past or future investment performance.  For more information about Fund expenses, including a description of any applicable fee waiver or expense reimbursement arrangement, see the prospectuses for the Funds.

CONDENSED FINANCIAL INFORMATION

Historical information about the value of the units we use to measure the variable portion of your Contract ("Variable Accumulation Units") is included in the back of this Prospectus as Appendix J.

THE ANNUITY CONTRACT

Sun Life Assurance Company of Canada (U.S.) and Sun Life of Canada (U.S.) Variable Account F (the "Variable Account") offer the Contract to groups and individuals for use in connection with their retirement plans. The Contract is available on a group basis and, in certain states, may be available on an individual basis. We issue an Individual Contract directly to the individual owner of the Contract. We issue a Group Contract to the Owner, covering all individuals participating under the Group Contract; each individual receives a Certificate that evidences his or her participation under the Group Contract.

In this Prospectus, unless we state otherwise, we refer to both the owners of Individual Contracts and participating individuals under Group Contracts as "Participants" and we address all Participants as "you"; we use the term "Contracts" to include Individual Contracts, Group Contracts, and Certificates issued under Group Contracts. For the purpose of determining benefits under both Individual Contracts and Group Contracts, we establish an Account for each Participant, which we will refer to as "your" Account or a "Participant Account."

Your Contract provides a number of important benefits for your retirement planning. It has an Accumulation Phase, during which you make payments under the Contract and allocate them to one or more Variable Account or Fixed Account options, and an Income Phase, during which we make annuity payments based on the amount you have accumulated. Your Contract provides tax deferral, so that you do not pay taxes on your earnings under your Contract until you withdraw them. However, if you purchase your Contract in connection with a tax-qualified plan, your purchase should be made for reasons other than tax-deferral.  Tax-qualified plans provide tax-deferral without the need for purchasing an annuity contract.

Your Contract also provides a basic death benefit if you die during the Accumulation Phase. You may enhance the basic death benefit by electing one or more optional death benefit riders and paying an additional charge for each optional death benefit rider you elect. Finally, if you so elect, during the Income Phase we will make annuity payments to you or someone else for life or for another period that you choose.

You choose these benefits on a variable or fixed basis or a combination of both. When you choose Variable Account investment options or a Variable Annuity option, your Account Value will change in response to changes in the return available from the different types of investments your select under your Contract. With these variable options, you assume all investment risk under your Contract. When you choose a Guarantee Period in our Fixed Account or a Fixed Annuity option, we assume the investment risk, except in the case of early withdrawals in the Accumulation Phase, where you bear the risk of unfavorable interest rate changes. You may also bear the risk that the interest rates we will offer in the future and the rates we will use in determining your Fixed Annuity may not exceed our minimum guaranteed rate. Our minimum guaranteed interest rate will never be less than that permitted by law.

The Contract is designed for use in connection with retirement and deferred compensation plans, some of which qualify for favorable federal income tax treatment under Sections 401, 403, 408 or 408A of the Internal Revenue Code. The Contract is also designed so that it may be used in connection with certain non-tax-qualified retirement plans, such as payroll savings plans and such other groups (trusteed or nontrusteed) as may be eligible under applicable law. We refer to Contracts used with plans that receive favorable tax treatment as "Qualified Contracts," and all other Contracts as "Non-Qualified Contracts." A qualified retirement plan generally provides tax-deferral regardless of whether the plan invests in an annuity contract.  A decision to purchase an annuity contract should not be based on the assumption that the purchase of an annuity contract is necessary to obtain tax-deferral benefits under a qualified retirement plan.

COMMUNICATING TO US ABOUT YOUR CONTRACT

All materials sent to us, including Purchase Payments, must be sent to our Annuity Mailing Address as set forth on the first page of this Prospectus. For all telephone communications, you must call (800) 752-7215.

Unless this Prospectus states differently, we will consider all materials sent to us and all telephone communications to be received on the date we actually receive them at our Annuity Mailing Address. However, we will consider all financial transactions, including Purchase Payments, withdrawal requests and transfer instructions, to be received on the next Business Day if we receive them (1) on a day that is not a Business Day or (2) after 4:00 p.m., Eastern Time.

When we specify that notice to us must be in writing, we reserve the right, at our sole discretion, to accept notice in another form.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

We are a stock life insurance company incorporated under the laws of Delaware on January 12, 1970. We do business in 49 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, and we have an insurance company subsidiary that does business in New York. Our Executive Office mailing address is One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481.

We are ""ultimately controlled by Sun Life Financial Inc. ("Sun Life Financial"). Sun Life Financial, a corporation organized in Canada, is a reporting company under the Securities Exchange Act of 1934 with common shares listed on the Toronto, New York, and Philippine stock exchanges.

THE VARIABLE ACCOUNT

We established the Variable Account as a separate account on July 13, 1989, pursuant to a resolution of our Board of Directors. The Variable Account funds the Contract and various other variable annuity and variable life insurance product contracts which we offer. These other products may have features, benefits and charges that are different from those under the Contract.

Under Delaware insurance law and the Contract, the income, gains or losses of the Variable Account are credited to or charged against the assets of the Variable Account without regard to the other income, gains, or losses of the Company. These assets are held in relation to the Contract and other variable annuity and variable life insurance contracts that provide benefits that vary in accordance with the investment performance of the Variable Account. Although the assets maintained in the Variable Account will not be charged with any liabilities arising out of any other business we conduct, all obligations arising under a Contract, including the promise to make annuity payments, are general corporate obligations of the Company.

The assets of the Variable Account are divided into Sub-Accounts. Each Sub-Account invests exclusively in shares of a specific Fund. All amounts allocated by you to a Sub-Account will be used to purchase Fund shares at their net asset value. Any and all distributions made by the Funds with respect to the shares held by the Variable Account will be reinvested to purchase additional Fund shares at their net asset value. Deductions will be made from the Variable Account for cash withdrawals, annuity payments, death benefits, Account Fees, Contract charges against the assets of the Variable Account for the assumption of mortality and expense risks, administrative expenses, optional benefit riders, and any applicable taxes. The Variable Account will be fully invested in Fund shares at all times.

VARIABLE ACCOUNT OPTIONS:  THE FUNDS

The Contract offers Sub-Accounts that invest in a number of Fund investment options. Each Fund is a mutual fund registered under the Investment Company Act of 1940, or a separate series of shares of such a mutual fund.

More comprehensive information about the Funds, including a discussion of their management, investment objectives, expenses, and potential risks, is found in the current prospectuses for the Funds (the "Fund Prospectuses"). The Fund Prospectuses should be read in conjunction with this Prospectus before you invest. A copy of each Fund Prospectus, as well as a Statement of Additional Information for each Fund, may be obtained without charge from the company by calling (800) 752-7215 or by writing to Sun Life Assurance Company of Canada (U.S.), P.O. Box 9133, Wellesley Hills, Massachusetts 02481.

The Funds may also be available to registered separate accounts offering variable annuity and variable life products of other affiliated and unaffiliated insurance companies, as well as to the Variable Account and other separate accounts of the Company. Although we do not anticipate any disadvantages to this, there is a possibility that a material conflict may arise between the interests of the Variable Account and one or more of the other separate accounts participating in the Funds. A conflict may occur due to a change in law affecting the operations of variable life and variable annuity separate accounts, differences in the voting instructions of the Participants and Payees and those of other companies, or some other reason. In the event of conflict, we will take any steps necessary to protect Participants and Payees, including withdrawal of the Variable Account from participation in the underlying Funds which are involved in the conflict or substitution of shares of other Funds.

Certain of the investment advisers, transfer agents, or underwriters to the Funds may reimburse us for administrative costs in connection with administering the Funds as options under the Contracts. These amounts are not charged to the Funds or Participants, but are paid from assets of the advisers, transfer agents, or underwriters, except for the administrative costs of the Lord Abbett Series Trust Portfolios and the Rydex Funds, which are paid from Fund assets and reflected under "Fees and Expenses."

Certain publicly available mutual funds may have similar investment goals and principal investment policies and risks as one or more of the Funds, and may be managed by a Fund's portfolio manager(s). While a Fund may have many similarities to these other funds, its investment performance will differ from their investment performance. This is due to a number of differences between a Fund and these similar products, including differences in sales charges, expense ratios and cash flows.

THE FIXED ACCOUNT

The Fixed Account is made up of all the general assets of the Company other than those allocated to any separate account. Amounts you allocate to Guarantee Periods become part of the Fixed Account, and are available to fund the claims of all classes of our customers, including claims for benefits under the Contracts.

We will invest the assets of the Fixed Account in those assets we choose that are allowed by applicable state insurance laws. In general, these laws permit investments, within specified limits and subject to certain qualifications, in federal, state and municipal obligations, corporate bonds, preferred and common stocks, real estate mortgages, real estate and certain other investments. We intend to invest primarily in investment-grade fixed income securities (i.e., rated by a nationally recognized rating service within the 4 highest grades) or instruments we believe are of comparable quality.

We are not obligated to invest amounts allocated to the Fixed Account according to any particular strategy, except as may be required by applicable state insurance laws. You will not have a direct or indirect interest in the Fixed Account investments.

THE FIXED ACCOUNT OPTIONS:  THE GUARANTEE PERIODS

You may elect one or more Guarantee Period(s) from those we make available. From time to time, we may offer Guarantee Periods of different durations or stop offering some Guarantee Periods. Once we stop offering a Guarantee Period of a particular duration, allocations or transfers into that Guarantee Period will not be permitted. We publish Guaranteed Interest Rates for each Guarantee Period offered. We may change the Guaranteed Interest Rates we offer from time to time, but no Guaranteed Interest Rate will ever be less than the minimum guaranteed rate permitted by state law. Also, once we have accepted your allocation to a particular Guarantee Period, we promise that the Guaranteed Interest Rate applicable to that allocation will not change for the duration of the Guarantee Period.

We determine Guaranteed Interest Rates at our discretion. We do not have a specific formula for establishing the rates for different Guarantee Periods. Our determination will be influenced by the interest rates on fixed income investments in which we may invest amounts allocated to the Guarantee Periods. We will also consider other factors in determining these rates, including regulatory and tax requirements, sales commissions and administrative expenses borne by us, general economic trends and competitive factors. We cannot predict the level of future interest rates.

We may from time to time at our discretion offer special interest rates for new Purchase Payments that are higher than the rates we are then offering for renewals or transfers.

Early withdrawals from your allocation to a Guarantee Period, including cash withdrawals, transfers and commencement of an annuity option, may be subject to a Market Value Adjustment, which could decrease or increase the value of your Account. See "Withdrawals, Withdrawal Charge and Market Value Adjustment."

THE ACCUMULATION PHASE

During the Accumulation Phase of your Contract, you make payments into your Account, and your earnings accumulate on a tax-deferred basis. The Accumulation Phase begins with our acceptance of your first Purchase Payment and ends the Business Day before your Annuity Commencement Date. The Accumulation Phase will end sooner if you surrender your Contract or if the Covered Person dies before the Annuity Commencement Date.

Issuing Your Contract

When you purchase a Contract, a completed Application and the initial Purchase Payment are sent to us for acceptance. When we accept an Individual Contract, we issue the Contract to you. When we accept a Group Contract, we issue the Contract to the Owner; we issue a Certificate to you as a Participant.

We will credit your initial Purchase Payment to your Account within 2 Business Days of receiving your completed Application. If your Application is not complete, we will notify you. If we do not have the necessary information to complete the Application within 5 Business Days, we will send your money back to you or ask your permission to retain your Purchase Payment until the Application is made complete. Then we will apply the Purchase Payment within 2 Business Days of when the Application is complete.

Amount and Frequency of Purchase Payments

The amount of Purchase Payments may vary; however, we will not accept an initial Purchase Payment of less than $10,000, and, although there is currently no minimum amount for additional Purchase Payments, we reserve the right to limit each additional Purchase Payment to at least $1,000. In addition, we will not accept a Purchase Payment if your Account Value is over $2 million, or if the Purchase Payment would cause your Account Value to exceed $2 million, unless we have approved the Payment in advance. Within these limits, you may make Purchase Payments at any time during the Accumulation Phase.

Allocation of Net Purchase Payments

You may allocate your Purchase Payments among the different Sub-Accounts and Guarantee Periods we offer, but we reserve the right to limit any allocation to a Guarantee Period to at least $1,000.

In your Application, you may specify the percentage of each Purchase Payment to be allocated to each Sub-Account or Guarantee Period. These percentages are called your allocation factors. Your allocation factors will remain in effect as long as your selected Sub-Accounts and Guarantee Periods continue to be available for investment. You may, however, change the allocation factors for future Purchase Payments by sending us notice of the change in a form acceptable to us. We will use your new allocation factors for the first Purchase Payment we receive with or after we have received notice of the change, and for all future Purchase Payments, until we receive another change notice.

Although it is currently not our practice, we may deduct applicable premium taxes or similar taxes from your Purchase Payments (see "Contract Charges -- Premium Taxes"). In that case, we will credit your Net Purchase Payment, which is the Purchase Payment minus the amount of those taxes.

Your Account

When we accept your first Purchase Payment, we establish an Account for you, which we maintain throughout the Accumulation Phase of your Contract.

Your Account Value

Your Account Value is the sum of the value of the 2 components of your Contract: the Variable Account portion of your Contract ("Variable Account Value") and the Fixed Account portion of your Contract ("Fixed Account Value"). These 2 components are calculated separately, as described below under "Variable Account Value" and "Fixed Account Value."

Variable Account Value

     Variable Accumulation Units

In order to calculate your Variable Account Value, we use a measure called a Variable Accumulation Unit for each Sub-Account. Your Variable Account Value is the sum of your Account Value in each Sub-Account, which is the number of your Variable Accumulation Units for that Sub-Account times the value of each Unit.

     Variable Accumulation Unit Value

The value of each Variable Accumulation Unit in a Sub-Account reflects the net investment performance of that Sub-Account. We determine that value once on each day that the New York Stock Exchange is open for trading, at the close of trading, which is currently 4:00 p.m., Eastern Time. (The close of trading is determined by the New York Stock Exchange.) We also may determine the value of Variable Accumulation Units of a Sub-Account on days the Exchange is closed if there is enough trading in securities held by that Sub-Account to materially affect the value of the Variable Accumulation Units. Each day we make a valuation is called a "Business Day." The period that begins at the time Variable Accumulation Units are valued on a Business Day and ends at that time on the next Business Day is called a "Valuation Period." On days other than Business Days, the value of a Variable Accumulation Unit does not change.

To measure these values, we use a factor -- which we call the "Net Investment Factor" -- which represents the net return on the Sub-Account's assets. At the end of any Valuation Period, the value of a Variable Accumulation Unit for a Sub-Account is equal to the value of that Sub-Account's Variable Accumulation Units at the end of the previous Valuation Period, multiplied by the Net Investment Factor. We calculate the Net Investment Factor by dividing (1) the net asset value of a Fund share held in the Sub-Account at the end of that Valuation Period, plus the per share amount of any dividend or capital gains distribution made by that Fund during the Valuation Period, by (2) the net asset value per share of the Fund share at the end of the previous Valuation Period; then, for each day in the valuation period, we deduct a factor representing the asset-based insurance charges (the mortality and expense risk charges and the administrative expense charge) plus any applicable asset-based charge for optional benefit riders. See "Contract Charges."

For a hypothetical example of how we calculate the value of a Variable Accumulation Unit, see the Statement of Additional Information.


 
 

 

     Crediting and Canceling Variable Accumulation Units

When we receive an allocation to a Sub-Account either from a Net Purchase Payment or a transfer of Account Value, we credit that amount to your Account in Variable Accumulation Units. Similarly, we cancel Variable Accumulation Units when you transfer or withdraw amounts from a Sub-Account, or when we deduct certain charges under the Contract. We determine the number of Units credited or canceled by dividing the dollar amount by the Variable Accumulation Unit value for that Sub-Account at the end of the Valuation Period during which the transaction or charge is effective.

Fixed Account Value

Your Fixed Account value is the sum of all amounts allocated to Guarantee Periods, either from Net Purchase Payments, transfers or renewals, plus interest credited on those amounts, and minus withdrawals, transfers out of Guarantee Periods, and any deductions for charges under the Contract taken from your Fixed Account Value.

A Guarantee Period begins the day we apply your allocation and ends when all calendar years (or months if the Guarantee Period is less than one year) in the Guarantee Period (measured from the end of the calendar month in which the amount was allocated to the Guarantee Period) have elapsed. The last day of the Guarantee Period is its Renewal Date.

Each additional Purchase Payment, transfer or renewal credited to your Fixed Account Value will result in a new Guarantee Period with its own Renewal Date. Amounts allocated at different times to Guarantee Periods of the same duration may have different Renewal Dates.

     Crediting Interest

We credit interest on amounts allocated to a Guarantee Period at the applicable Guaranteed Interest Rate for the duration of the Guarantee Period. During the Guarantee Period, we credit interest daily at a rate that yields the Guaranteed Interest Rate on an annual effective basis.

     Guarantee Amounts

Each separate allocation you make to a Guarantee Period, together with interest credited thereon, is called a Guarantee Amount. Each Guarantee Amount is treated separately for purposes of determining the Market Value Adjustment. We may restrict a Guarantee Period that extends beyond your maximum Annuity Commencement Date. Renewals into a Guarantee Period that will extend beyond your maximum Annuity Commencement Date will result in an application of a Market Value Adjustment upon annuitization or withdrawals. We reserve the right to limit each new allocation to a Guarantee Period to at least $1,000.

     Renewals

We will notify you in writing between 45 and 75 days before the Renewal Date for any Guarantee Amount. If you would like to change your Fixed Account option, we must receive from you prior to the Renewal Date:

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written notice electing a different Guarantee Period from among those we then offer, or
   
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written instructions to transfer the Guarantee Amount to one or more Sub-Accounts, in accordance with the transfer privilege provisions of the Contract (see "Transfer Privilege.")

If we receive no instructions from you prior to the Renewal Date, we will automatically renew your Fixed Account allocation into a new Guarantee Period of the same duration as the last Guarantee Period. A Guarantee Amount will not renew into a Guarantee Period that will extend beyond your maximum Annuity Commencement Date. In that case, unless you notify us otherwise, we will automatically transfer your Guarantee Amount into the next available Guarantee Period.


 
 

 

     Early Withdrawals

If you withdraw, transfer, or annuitize an allocation from a Guarantee Period 30 days prior to the Renewal Date, we will apply a Market Value Adjustment to the transaction. This could result in an increase or a decrease of your Account Value, depending on interest rates at the time. You bear the risk that you will receive less than your principal if the Market Value Adjustment applies.

Transfer Privilege

     Permitted Transfers

During the Accumulation Phase, you may transfer all or part of your Account Value to one or more Sub-Accounts or Guarantee Periods then available, subject to the following restrictions:

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you may not make more than 12 transfers in any Account Year;
   
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the amount transferred from a Guarantee Period must be the entire Guarantee Amount, except for transfers of interest credited during the current Account Year;
   
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at least 30 days must elapse between transfers to and from Guarantee Periods;
   
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transfers to or from Sub-Accounts are subject to terms and conditions that may be imposed by the Funds; and
   
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we impose additional restrictions on market timers, which are further described below.

These restrictions do not apply to transfers made under any approved Optional Program. At our discretion, we may waive some or all of these restrictions.

We reserve the right to waive these restrictions and exceptions at any time.  Any change will be applied uniformly.  We will notify you of any change prior to its effectiveness.

There is usually no charge imposed on transfers; however, we reserve the right to impose a transfer charge of $15 for each transfer. Transfers out of a Guarantee Period more than 30 days before the Renewal Date or any time after the Renewal Date will be subject to the Market Value Adjustment described below. Under current law, there is no tax liability for transfers.

     Requests for Transfers

You may request transfers in writing or by telephone. If the request is by telephone, it must be made before the earlier of (a) 4:00 p.m. Eastern Time on a Business Day, or (b) the close of the New York Stock Exchange on days that the Stock Exchange closes before 4:00 p.m. The telephone transfer privilege is available automatically during regular business hours before 4:00 p.m. Eastern Time, and does not require your written election. We will require personal identifying information to process a request for a transfer made by telephone. We will not be liable for following instructions communicated by telephone that we reasonably believe are genuine.

Your transfer request will be effective as of the close of the Business Day if we receive your transfer request before the earlier of (a) 4:00 p.m. Eastern Time on a Business Day, or (b) the close of the New York Stock Exchange on days that the Stock Exchange closes before 4:00 p.m. Otherwise, your transfer request will be effective on the next Business Day.

     Short-Term Trading

The Contracts are not designed for short-term trading.  If you wish to employ such strategies, do not purchase a Contract. Transfer limits and other restrictions, described below, are subject to our ability to monitor transfer activity.  Some Contract Owners and their third party intermediaries engaging in short-term trading may employ a variety of strategies to avoid detection.  Despite our efforts to prevent short-term trading, there is no assurance that we will be able to identify such Contract Owners or intermediaries or curtail their trading.  A failure to detect and curtail short-term trading could result in adverse consequences to the Contract Owners.  Short-term trading can increase costs for all Contract Owners as a result of excessive portfolio transaction fees.  In addition, short-term trading can adversely affect a Fund's performance.  If large amounts of money are suddenly transferred out of a Fund, the Fund's investment adviser cannot effectively invest in accordance with the Fund's investment objectives and policies.

The Company has policies and procedures to discourage frequent transfers of contract value.  As described above under "Transfer Privilege," such policies include limiting the number and timing of certain transfers, subject to exceptions described in that section and exceptions designed to protect the interests of individual Contract Owners.  The Company also reserves the right to charge a fee for transfers.

Short-term trading activities whether by the Contract Owner or a third party authorized to initiate transfer requests on behalf of Contract Owner(s) may be subject to other restrictions as well. For example, we reserve the right to take actions against short-term trading which restrict your transfer privileges more narrowly than the policies described under "Transfer Privilege", such as requiring transfer requests to be submitted in writing through regular first-class U.S. mail (e.g. no overnight, priority, or courier delivery allowed) and refusing any and all transfer instructions.

If we determine that a third party acting on your behalf is engaging (alone or in combination with transfers effected by you directly) in a pattern of short-term trading, we may refuse to process certain transfers requested by such a third party.  We impose additional administrative restrictions on third parties that engage in transfers of Contract Values on behalf of multiple Contract Owners at one time. Specifically, we limit the form of such large group transfers to fax or mail delivery only, require the third party to provide us with advance notice of any possible large group transfer so that we can have additional staff ready to process the request, and require that the amount transferred out of a Sub-Account for each Contract Owner be equal to 100% of that Contract Owner's value in the Sub-Account.

We will provide you written notification of any restrictions imposed.

In addition, some of the Funds impose, or reserve the right to impose, additional restrictions on transfers if the Fund's short-term trading strategy is more restrictive than the Company's policy.  Accordingly, the Variable Account may not be in a position to effectuate some transfers with such Funds and, therefore, will be unable to process such transfer requests.  We also reserve the right to refuse requests involving transfers to or from the Fixed Account.

 We reserve the right to waive short-term trading restrictions, where permitted by law and not adverse to the interests of the relevant underlying Fund and other shareholders, in the following instances:

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when a new broker of record is designated for the Contract;
   
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when the Participant changes;
   
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when control of the Contract passes to the designated beneficiary upon the death of the Participant or Annuitant;
   
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when necessary in our view to avoid hardship to a Participant; or
   
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when underlying Funds are dissolved or merged or substituted.

If short-term trading results as a consequence of waiving the restrictions against short-term trading, it could expose Contract Owners to certain risks.  The short-term trading could increase costs for all Contract Owners as a result of excessive portfolio transaction fees.  In addition, the short-term trading could adversely affect a Fund's performance.  If large amounts of money are suddenly transferred out of a Fund, the Fund's investment adviser cannot effectively invest in accordance with the Fund's investment objectives and policies.  Unless the short-term trading policy and the permitted waivers of that policy are applied uniformly, some Contract Owners may experience a different application of the policy and therefore may experience some of the risks. We uniformly apply the short-term trading policy and the permitted waivers of that policy to all Contracts. If we did not do so, some Contract Owners could experience a different application of the policy and therefore may be treated unfairly. Too much discretion on our part in allowing the waivers of short-term trading policy could result in an unequal treatment of short-term traders by permitting some short-term traders to engage in short-term trading while prohibiting others from doing the same.

Waivers; Reduced Charges; Special Guaranteed Interest Rates

We may reduce or waive the withdrawal charge, mortality and expense risk charges, the administrative service fee or the annual Account Fee, credit additional amounts, grant special Guaranteed Interest Rates in certain situations, or offer other options or benefits. These situations may include sales of Contracts (1) where selling and/or maintenance costs associated with the Contracts are reduced, such as the sale of several Contracts to the same Participant, sales of large Contracts, and certain group sales, and (2) to officers, directors and employees of the Company or its affiliates, registered representatives and employees of broker-dealers with a current selling agreement with the Company and affiliates of such representatives and broker-dealers, employees of affiliated asset management firms, and persons who have retired from such positions ("Eligible Employees") and immediate family members of Eligible Employees. Eligible Employees and their immediate family members may also purchase a Contract without regard to minimum Purchase Payment requirements. For other situations in which withdrawal charges may be waived, see "Withdrawals, Withdrawal Charge and Market Value Adjustment."

Other Programs

You may participate in any of the following optional programs free of charge.  Transfers made pursuant to the provisions of the following optional programs will not be charged a transfer fee, nor will such transfers count as one of the 12 free transfers per year allowed under the section entitled "Transfer Privilege."

     Dollar-Cost Averaging

Dollar-cost averaging allows you to invest gradually, over time, in up to 12 Sub-Accounts. You may select a dollar-cost averaging program at no extra charge by allocating a minimum amount to a designated Sub-Account or to a Guarantee Period we make available in connection with the program. (We reserve the right to limit minimum investments to at least $1,000.)

Amounts allocated to the Fixed Account under the program will earn interest at a rate declared by the Company for the Guarantee Period you select. Previously applied amounts may not be transferred to a Guarantee Period made available in connection with this program. At regular time intervals, we will transfer the same amount automatically to one or more Sub-Accounts that you choose, up to a maximum of 12 Sub-Accounts. The program continues until your Account Value allocated to the program is depleted or you elect to stop the program. The final amount transferred from the Fixed Account will include all interest earned.

No Market Value Adjustment (either positive or negative) will apply to amounts automatically transferred from the Fixed Account under the dollar-cost averaging program. However, if you discontinue or alter the program prior to completion, amounts remaining in the Fixed Account will be transferred to the Money Market Fund investment option under the Contract, unless you instruct us otherwise, and the Market Value Adjustment will be applied. Any new allocation of a Purchase Payment to the program will be treated as commencing a new dollar-cost averaging program and may be subject to the minimum.

The main objective of a dollar-cost averaging program is to minimize the impact of short-term price fluctuations on Account Value. In general, since you transfer the same dollar amount to the variable investment options at set intervals, dollar-cost averaging allows you to purchase more Variable Accumulation Units (and, indirectly, more Fund shares) when prices are low and fewer Variable Accumulation Units (and, indirectly, fewer Fund shares) when prices are high. Therefore, you may achieve a lower average cost per Variable Accumulation Unit over the long term. A dollar-cost averaging program allows you to take advantage of market fluctuations. However, it is important to understand that a dollar-cost averaging program does not insure a profit or protect against loss in a declining market. We do not allow transfers into any of the Guarantee Periods.

     Asset Allocation

One or more asset allocation programs may be available in connection with the Contract, at no extra charge. Asset allocation is the process of investing in different asset classes -- such as equity funds, fixed income funds, and money market funds -- depending on your personal investment goals, tolerance for risk, and investment time horizon. By spreading your money among a variety of asset classes, you may be able to reduce the risk and volatility of investing, although there are no guarantees, and asset allocation does not insure a profit or protect against loss in a declining market.

Currently, you may select one of the available asset allocation models, each of which represents a combination of Sub-Accounts with a different level of risk. These models, as well as the terms and conditions of the asset allocation program, are fully described in a separate brochure. We may add or delete programs in the future.

Our asset allocation programs are "static" programs.  That is to say, if you elect an asset allocation program, we automatically rebalance your Account Value among the Sub-Accounts represented in the model you chose, but we do not change your original percentage allocations among the Sub-Accounts in your chosen model, unless you advise us to do so. Nevertheless, we have selected an independent third-party administrator who reviews the existing models annually to determine whether the investment objective of the model is being met in light of changing markets.  Based upon this review, the third-party administrator may recommend that new models be substituted for the existing models.  If so, the new models will only be offered to Contracts issued on or after the date the new model goes into effect or to Owners who elect an asset allocation program on or after that date.  Owners of any existing asset allocation programs may make an independent decision to change their asset allocations at any time.  You should consult your financial adviser periodically to consider whether the model you have selected is still appropriate for you.

     Systematic Withdrawal Program

You may select our Systematic Withdrawal Program. Under this program, you determine the amount and frequency of regular withdrawals you would like to receive from your Fixed Account Value and/or Variable Account Value and we will effect them automatically. The withdrawals under this program may be subject to surrender charges or a Market Value Adjustment. They may also be included as income and subject to a 10% federal tax penalty. You should consult a qualified tax professional before choosing this option. We reserve the right to limit the election of this program to Contracts with a minimum Account Value of $10,000.

You may change or stop this program at any time, by written notice to us.

     Portfolio Rebalancing Program

Under the Portfolio Rebalancing Program, we transfer funds among all Sub-Accounts to maintain the percentage allocation you have selected among these Sub-Accounts. At your election, we will make these transfers on a quarterly, semi-annual or annual basis.

Portfolio Rebalancing does not permit transfers to or from any Guarantee Period.

     Principal Returns Program

Under the Principal Returns Program, we divide your Purchase Payments between the Fixed Account and the Variable Account. For the Fixed Account portion, you choose a Guarantee Period from among those we offer. We then allocate to that Guarantee Period the portion of your Purchase Payment necessary so that, at the end of the Guarantee Period, your Fixed Account allocation, including interest, will equal the entire amount of your original Purchase Payment. The remainder of the original Purchase Payment will be invested in the Sub-Accounts of your choice. At the end of the Guarantee Period, you will be guaranteed the amount of your original Purchase Payment (assuming no withdrawals or transfers), plus you will have the benefit, if any, of the investment performance of the Sub-Accounts you have chosen.

WITHDRAWALS, WITHDRAWAL CHARGE AND MARKET VALUE ADJUSTMENT

Cash Withdrawals

     Requesting a Withdrawal

At any time during the Accumulation Phase, you may withdraw in cash all or any portion of your Account Value. To make a withdrawal, other than a Systematic Withdrawal, you must send us a written request at our Annuity Mailing Address. Your request must specify whether you want to withdraw the entire amount of your Account or, if less, the amount you wish to receive.

All withdrawals may be subject to a withdrawal charge (see "Withdrawal Charge"), and withdrawals from your Fixed Account Value also may be subject to a Market Value Adjustment (see "Market Value Adjustment"). Withdrawals also may have adverse income tax consequences, including a 10% penalty tax (see "Tax Considerations"). You should carefully consider these tax consequences before requesting a cash withdrawal.

     Full Withdrawals

If you request a full withdrawal, we calculate the amount we will pay you as follows: We start with the total value of your Account at the end of the Valuation Period during which we receive your withdrawal request; we deduct the Account Fee, if applicable, for the Account Year in which the withdrawal is made; we add or subtract the amount of any Market Value Adjustment applicable to your Fixed Account Value; and finally, we deduct any applicable withdrawal charge.

A full withdrawal results in the surrender of your Contract, and cancellation of all rights and privileges under your Contract.

     Partial Withdrawals

Unless you specify otherwise, when you request a partial withdrawal, we will deduct the actual amount specified in your request and then adjust the value of your Account by deducting the amount paid, adding or deducting any Market Value Adjustment applicable to amounts withdrawn from the Fixed Account, and deducting any applicable withdrawal charge.

You may specify the amount you want withdrawn from each Sub-Account and/or Guarantee Amount to which your Account is allocated. If you do not so specify, we will deduct the total amount you request pro rata, based on your Account Value at the end of the Valuation Period during which we receive your request.

Partial withdrawals may affect the death benefit amount.  In calculating the amount payable under the death benefit, we may reduce the benefit amount to an amount equal to the benefit amount payable immediately before withdrawal multiplied by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal.  (See "Calculating the Death Benefit.")

If you request a partial withdrawal that would result in your Account Value being reduced to an amount less than the Account Fee for the Account Year in which you make the withdrawal, we reserve the right to treat it as a request for a full withdrawal.

     Time of Payment

We will pay you the applicable amount of any full or partial withdrawal within 7 days after we receive your withdrawal request, except in cases where we are permitted, and choose, to defer payment under the Investment Company Act of 1940 and applicable state insurance law. Currently, we may defer payment of amounts you withdraw from the Variable Account only for the following periods:

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when the New York Stock Exchange is closed (except weekends and holidays) or when trading on the New York Stock Exchange is restricted;
   
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when it is not reasonably practical to dispose of securities held by a Fund or to determine the value of the net assets of a Fund, because an emergency exists; or
   
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when an SEC order permits us to defer payment for the protection of Participants.

We also may defer payment of amounts you withdraw from the Fixed Account for up to 6 months from the date we receive your withdrawal request. We do not pay interest on the amount of any payments we defer.

     Withdrawal Restrictions for Qualified Plans

If your Contract is a Qualified Contract, you should carefully check the terms of your retirement plan for limitations and restrictions on cash withdrawals.

Special restrictions apply to withdrawals from Contracts used for Section 403(b) annuities. (See "Tax Considerations -- Tax-Sheltered Annuities.")

Withdrawal Charge

We do not deduct any sales charge from your Purchase Payments when they are made. However, we may impose a withdrawal charge (known as a "contingent deferred sales charge") on certain amounts you withdraw. We impose this charge to defray some of our expenses related to the sale of the Contracts, such as commissions we pay to agents, the cost of sales literature, and other promotional costs and transaction expenses.

     Free Withdrawal Amount

In each Account Year you may withdraw a portion of your Account Value -- which we call the "free withdrawal amount" -- before incurring the withdrawal charge.

The "free withdrawal amount" is equal to 10% of the amount of all Purchase Payments you have made. After the fourth Account Anniversary, any amount you withdraw is free of withdrawal charges.

The "free withdrawal amount" that you do not use in an Account Year is not cumulative. In other words, it will not be carried forward or available for use in future Account Years.

For an example of how we calculate the "free withdrawal amount," see Appendix B.

     Withdrawal Charge on Purchase Payments

If you withdraw more than the free withdrawal amount in any Account Year, we consider the excess amount to be withdrawn first from Payments that you have not previously withdrawn. We impose the withdrawal charge on the amount of these Payments. Thus, the maximum amount on which we will impose the withdrawal charge in any year will never be more than the total of all Payments that you have not previously withdrawn.

The amount of your withdrawal, if any, that exceeds the total of the free withdrawal amount plus the aggregate amount of all Payments not previously withdrawn, is not subject to the withdrawal charge.

     Order of Withdrawal

When you make a withdrawal, we consider the free withdrawal amount to be withdrawn first. We consider Purchase Payments that you have not already withdrawn to be withdrawn next. Once all Purchase Payments are withdrawn, the balance withdrawn is considered to be earnings and is not subject to a withdrawal charge.

     Calculation of Withdrawal Charge

We calculate the amount of the withdrawal charge by multiplying the amount you withdraw by a percentage. As set forth below, the percentage decreases according to the number of complete Account Years since your Contract Date. After your fourth Account Anniversary, any amount you withdraw is free of withdrawal charges.

 
Number of Account Years
 
 
Since Your
Withdrawal
 
Contract Date
Charge
 
0-1
6%
 
1-2
6%
 
2-3
5%
 
3-4
5%
 
4 or more
0%

The withdrawal charge will never be greater than 6% of the excess of your Account Value over the "free withdrawal amount," as defined above.

For a Group Contract, we may modify the withdrawal charges and limits, upon notice to the Owner of the Group Contract. However, any modification will apply only to Accounts established after the date of the modification.

For additional examples of how we calculate withdrawal charges, see Appendix B.

Types of Withdrawals not Subject to Withdrawal Charge

     Nursing Home Waivers

If approved by your state, we will waive the withdrawal charge for a full withdrawal if:

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at least one year has passed since we issued your Contract, and
   
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you are confined to an eligible nursing home and have been confined there for at least the preceding 180 days, or any shorter period required by your state.

An "eligible nursing home" means a licensed hospital or licensed skilled or intermediate care nursing facility at which medical treatment is available on a daily basis and daily medical records are kept for each patient. You must provide us evidence of confinement in the form we determine.

     Minimum Distributions

For each Qualified Contract, the free withdrawal amount in any Account Year will be the greater of the free withdrawal amount described above or any amounts required to be withdrawn to comply with the minimum distribution requirement of the Internal Revenue Code. This waiver of the withdrawal charge applies only to the portion of the required minimum distribution attributable to that Qualified Contract.

     Other Withdrawals

We do not impose the withdrawal charge on amounts you apply to provide an annuity, amounts withdrawn from a Non-Qualified Contract as part of our non-qualified stretch program, amounts we pay as a death benefit, except under the Cash Surrender method, or amounts you transfer among the Sub-Accounts, between the Sub-Accounts and the Fixed Account, or within the Fixed Account.

Market Value Adjustment

If permitted under the laws of your state, we will apply a Market Value Adjustment if you withdraw or transfer amounts from your Fixed Account Value more than 30 days before the end of the applicable Guarantee Period. For this purpose, using Fixed Account Value to provide an annuity is considered a withdrawal, and the Market Value Adjustment will apply. However, we will not apply the Market Value Adjustment to automatic transfers to a Sub-Account from a Guarantee Period as part of our dollar-cost averaging program.

We apply the Market Value Adjustment separately to each Guarantee Amount in the Fixed Account, that is to each separate allocation you have made to a Guarantee Period together with interest credited on that allocation. However, we do not apply the adjustment to the amount of interest credited during your current Account Year. Any withdrawal from a Guarantee Amount is attributed first to such interest.

A Market Value Adjustment may decrease, increase or have no effect on your Account Value. This will depend on changes in interest rates since you made your allocation to the Guarantee Period and the length of time remaining in the Guarantee Period. In general, if the Guaranteed Interest Rate we currently declare for Guarantee Periods equal to the balance of your Guarantee Period (or your entire Guarantee Period for Guarantee Periods of less than one year) is higher than your Guaranteed Interest Rate, the Market Value Adjustment is likely to decrease your Account Value. If our current Guaranteed Interest Rate is lower, the Market Value Adjustment is likely to increase your Account Value.

We determine the amount of the Market Value Adjustment by multiplying the amount that is subject to the adjustment by the following formula:

[(1 + I) / (1 + J + b)] ^ (N/12)   -1

where:

I
is the Guaranteed Interest Rate applicable to the Guarantee Amount from which you withdraw, transfer or annuitize;
   
J
is the Guaranteed Interest Rate we declare at the time of your withdrawal, transfer or annuitization for Guarantee Periods equal to the length of time remaining in the Guarantee Period applicable to your Guarantee Amount, rounded to the next higher number of complete years, for Guarantee Periods of one year or more. For any Guarantee Periods of less than one year, J is the Guaranteed Interest Rate we declare at the time of your withdrawal, transfer or annuitization for a Guarantee Period of the same length as your Guarantee Period. If, at that time, we do not offer the applicable Guarantee Period we will use an interest rate determined by straight-line interpolation of the Guaranteed Interest Rates for the Guarantee Periods we do offer;
   
N
is the number of complete months remaining in your Guarantee Period; and
   
b
is a factor that currently is 0%, but that in the future we may increase to up to 0.25%. Any increase would be applicable only to Participants who purchase their Contracts after the date of that increase.  The "b" factor is the amount that will be used to cover market volatility (i.e., credit risk), basis risk, and/or liquidity costs.

We will apply the Market Value Adjustment to the amount being withdrawn after deduction of any Account Fee, if applicable, but before we impose any withdrawal charge on the amount withdrawn.

For examples of how we calculate the Market Value Adjustment, see Appendix B.

CONTRACT CHARGES

Account Fee

During the Accumulation Phase of your Contract, we will deduct from your Account an annual Account Fee of $50 to help cover the administrative expenses we incur related to the issuance of Contracts and the maintenance of Accounts. We deduct the Account Fee on each Account Anniversary. We deduct the Account Fee pro rata from each Sub-Account and each Guarantee Period, based on the allocation of your Account Value on your Account Anniversary.

We will not charge the Account Fee if:

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your Account Value has been allocated only to the Fixed Account during the applicable Account Year; or
   
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your Account Value is $100,000 or more on your Account Anniversary.

If you make a full withdrawal of your Account, we will deduct the full amount of the Account Fee at the time of the withdrawal. In addition, on the Annuity Commencement Date we will deduct a pro rata portion of the Account Fee to reflect the time elapsed between the last Account Anniversary and the day before the Annuity Commencement Date.

After the Annuity Commencement Date, we will deduct an annual Account Fee of $50 in the aggregate in equal amounts from each Variable Annuity payment we make during the year. We do not deduct any Account Fee from Fixed Annuity payments.

Administrative Expense Charge

We deduct an administrative expense charge from the assets of the Variable Account at an annual effective rate equal to 0.15% during both the Accumulation Phase and the Income Phase. This charge is designed to reimburse us for expenses we incur in administering the Contracts, Participant Accounts and the Variable Account that are not covered by the annual Account Fee.

Mortality and Expense Risk Charge

During the Accumulation Phase, we deduct a mortality and expense risk charge from the assets of the Variable Account at an effective annual rate equal to 1.20%, if your initial Purchase Payment was less than $1,000,000, or 0.95% if your initial Purchase Payment was $1,000,000 or more. The mortality risk we assume arises from our contractual obligation to continue to make annuity payments to each Annuitant, regardless of how long the Annuitant lives and regardless of how long all Annuitants as a group live. This obligation assures each Annuitant that neither the longevity of fellow Annuitants nor an improvement in life expectancy generally will have an adverse effect on the amount of any annuity payment received under the Contract. The mortality risk also arises from our contractual obligation to pay a death benefit upon the death of the Participant prior to the Annuity Commencement Date. The expense risk we assume is the risk that the annual Account Fee and the administrative expense charge we assess under the Contract may be insufficient to cover the actual total administrative expenses we incur. If the amount of the charge is insufficient to cover the mortality and expense risks, we will bear the loss. If the amount of the charge is more than sufficient to cover the risks, we will make a profit on the charge. We may use this profit for any proper corporate purpose, including the payment of marketing and distribution expenses for the Contract.

Charges for Optional Death Benefit Riders

If you elect an optional death benefit rider, we will deduct, during the Accumulation Phase, a charge from the assets of the Variable Account depending upon which of the optional death benefit rider(s) you elect.

   
% of Average
 
Rider(s) You Elect*
Daily Value
 
"EEB"
0.15%
 
"MAV"
0.15%
 
"5% Roll-Up"
0.15%
 
"EEB" and "MAV"
0.25%
 
"EEB" and "5% Roll-Up"
0.25%
 
"MAV" and "5% Roll-Up"
0.25%
 
"EEB Plus"
0.25%
 
"EEB" and "MAV" and "5% Roll-Up"
0.40%
 
"EEB Plus MAV"
0.40%
 
"EEB Plus 5% Roll-Up"
0.40%
                                                                                          
                                    *As defined below

Premium Taxes

Some states and local jurisdictions impose a premium tax on us that is equal to a specified percentage of the Purchase Payments you make. In many states there is no premium tax. We believe that the amounts of applicable premium taxes currently range from 0% to 3.5%. You should consult a qualified tax professional to find out if your state imposes a premium tax and the amount of any tax.

In order to reimburse us for the premium tax we may pay on Purchase Payments, our policy is to deduct the amount of such taxes from the amount you apply to provide an annuity at the time of annuitization. However, we reserve the right to deduct the amount of any applicable tax from your Account at any time, including at the time you make a Purchase Payment or make a full or partial withdrawal. We do not make any profit on the deductions we make to reimburse premium taxes.


 
 

 

Fund Expenses

There are fees and charges deducted from each Fund. These fees and expenses are described in the Fund prospectus(es) and related Statements of Additional Information.

Modification in the Case of Group Contracts

For Group Contracts, we may modify the annual Account Fee, the administrative expense charge and the mortality and expense risk charge upon notice to Owners. However, such modification will apply only with respect to Participant Accounts established after the effective date of the modification.

DEATH BENEFIT

If the Covered Person dies during the Accumulation Phase, we will pay a death benefit to the designated Beneficiary(ies), using the payment method elected (a single cash payment or one of our Annuity Options). If the Beneficiary is not living on the date of death of the Covered Person, we will pay the death benefit in one sum to your estate. We do not pay a death benefit if the Covered Person dies during the Income Phase. However, the Beneficiary will receive any annuity payments provided under an Annuity Option that is in effect. If the Contract names more than one Covered Person, we will pay the death benefit upon the first death of such Covered Persons.

Amount of Death Benefit

To calculate the amount of the death benefit, we use a "Death Benefit Date." The Death Benefit Date is the date we receive proof of the death of the Covered Person in an acceptable form ("Due Proof of Death") if you have elected a death benefit payment method before the death of the Covered Person and it remains in effect. Otherwise, the Death Benefit Date is the later of the date we receive Due Proof of Death or the date we receive the Beneficiary's election of either payment method or, if the Beneficiary is your spouse, Contract continuation. If we do not receive the Beneficiary's election within 60 days after we receive Due Proof of Death, we reserve the right to provide a lump sum to your Beneficiary.

The amount of the death benefit is determined as of the Death Benefit Date.

The Basic Death Benefit

In general, if you were 85 or younger on the date we accepted your Application, the death benefit will be the greatest of the following amounts:

(1)
your Account Value for the Valuation Period during which the Death Benefit Date occurs;
   
(2)
the amount we would pay if you had surrendered your entire Account on the Death Benefit Date; and
   
(3)
your total Purchase Payments (adjusted for partial withdrawals as described in "Calculating the Death Benefit") as of the Death Benefit Date.

For examples of how to calculate this basic death benefit, see Appendix C.

If you were 86 or older on your Contract Date, the death benefit is equal to amount (2) above. Because this amount will reflect any applicable withdrawal charges and Market Value Adjustment, it may be less than your Account Value.

Optional Death Benefit Riders

Subject to availability in your state, you may enhance the "Basic Death Benefit" by electing one or more of the following optional death benefit riders. You must make your election before the date on which your Contract becomes effective. You will pay a charge for each optional death benefit rider you elect. (For a description of these charges, see "Charges for Optional Death Benefit Riders.") The Riders are available only if you are younger than 80 on the Contract Date. Any optional death benefit election may not be changed after the Contract is issued. The death benefit under all optional death benefit riders will be adjusted for all partial withdrawals as described in the Prospectus under the heading "Calculating the Death Benefit." For examples of how the death benefit is calculated under the optional death benefit riders, see Appendices D - H.

If your Contract is a Qualified Contract, required minimum distributions under the Internal Revenue Code may affect the value of this optional Benefit to you.  Please refer to "Impact of Optional Death Benefit Riders" under "TAX CONSIDERATIONS" for more information regarding tax issues that you should consider before electing this optional Benefit.

     Maximum Anniversary Account Value ("MAV") Rider

Under this rider, the death benefit will be the greater of:

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the amount payable under basic death benefit above, or
   
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your highest Account Value on any Account Anniversary before your 81st birthday, adjusted for any subsequent Purchase Payments and partial withdrawals made between that Account Anniversary and the Death Benefit Date.

     5% Premium Roll-Up ("5% Roll-Up") Rider

Under this rider, the death benefit will be the greater of:

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the amount payable under basic death benefit above, or
   
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the sum of your total Purchase Payments plus interest accruals, adjusted for partial withdrawals.

Under this rider, interest accrues at a rate of 5% per year on Purchase Payments and transfers to the Variable Account while they remain in the Variable Account. The 5% interest accruals will continue until the earlier of:

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the first day of the month following your 80th birthday, or
   
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the day the death benefit amount under this rider equals twice the total of your Purchase Payments and transferred amounts, adjusted for withdrawals.

     Earnings Enhancement ("EEB") Rider

If you elect this EEB Rider, your death benefit will be the amount payable under the basic death benefit, PLUS the "EEB amount." Calculated as of your Death Benefit Date, the "EEB amount" is determined as follows:

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If you are 69 or younger on your Contract Date, the "EEB amount" will be 40% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 40% of the Net Purchase Payments made prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB amount" will be 25% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 25% of the Net Purchase Payments prior to your death.

     Earnings Enhancement Plus ("EEB Plus") Rider

If you elect this EEB Plus Rider, your death benefit will be the amount payable under the basic death benefit, PLUS the "EEB Plus amount." Calculated as of the Death Benefit Date, the "EEB Plus amount" is determined as follows:

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If you are 69 or younger on your Contract Date, the "EEB Plus amount" will be 40% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 100% of the Net Purchase Payments made prior to your death. After the 7th Contract year, the cap is 100% of the difference between your Net Purchase Payments and any Purchase Payments made within the twelve months prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB Plus amount" will be 25% of the difference between your Account Value and your Net Purchase Payments, up to a cap of 40% of the Net Purchase Payments made prior to your death. After the 7th Contract year, the cap is 40% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.

     Earnings Enhancement Plus with MAV ("EEB Plus MAV") Rider

If you elect this EEB Plus MAV Rider, your death benefit will be the death benefit payable under the MAV Rider PLUS the "EEB Plus MAV amount." Calculated as of your Death Benefit Date, the "EEB Plus MAV amount" is as follows:

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If you are 69 or younger on your Contract Date, the "EEB Plus MAV amount" will be 40% of the difference between the death benefit payable under the MAV Rider and your Net Purchase Payments, up to a cap of 100% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 100% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB Plus MAV amount" will be 25% of the difference between the death benefit payable under the MAV Rider and your Net Purchase Payments, up to a cap of 40% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 40% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.

     Earnings Enhancement Plus with 5% Roll-Up ("EEB Plus 5% Roll-Up") Rider

If you elect this EEB Plus 5% Roll-Up Rider, your death benefit will be the death benefit payable under the 5% Roll-Up Rider PLUS the "EEB Plus 5% Roll-Up amount." Calculated as of your Death Benefit Date, the "EEB Plus 5% Roll-Up amount" is determined as follows:

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If you are 69 or younger on your Contract Date, the "EEB Plus 5% Roll-Up amount" will be 40% of the difference between the death benefit payable under the 5% Roll-Up Rider and your Net Purchase Payments, up to a cap of 100% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 100% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.
   
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If you are between the ages of 70 and 79 on your Contract Date, the "EEB Plus 5% Roll-Up amount" will be 25% of the difference between the death benefit payable under the 5% Roll-Up Rider and your Net Purchase Payments, up to a cap of 40% of Net Purchase Payments made prior to your death. After your 7th Contract year, the cap is 40% of the difference between your Net Purchase Payments and any Purchase Payments made in the twelve months prior to your death.

     Selecting Multiple Death Benefit Riders

The MAV Rider, the 5% Roll-Up Rider, and the EEB Rider can be combined. If you elect more than one of these three optional death benefit riders, your death benefit will be calculated as follows:

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MAV Rider combined with 5% Roll-Up Rider: The death benefit will equal the greater of the death benefit under the MAV Rider and the death benefit under the 5% Roll-Up Rider.
   
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MAV Rider combined with EEB Rider: The death benefit will equal the death benefit under the MAV Rider, plus the "EEB amount." The "EEB amount" is calculated using the Account Value before the application of the MAV Rider.
   
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EEB Rider combined with 5% Roll-Up Rider: The death benefit will equal the death benefit under the 5% Roll-Up Rider, plus the "EEB amount." The "EEB amount" is calculated using the Account Value before the application of the 5% Roll-Up Rider.
   
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MAV Rider, the 5% Roll-Up Rider and the EEB Rider: The Death Benefit will equal the greater of the death benefit under the MAV Rider or the death benefit under the 5% Roll-Up Rider, plus the "EEB Amount." The "EEB Amount" is calculated using the Account Value before the application of the 5% Roll-Up Rider and the MAV Rider.

The EEB Plus, EEB Plus MAV, and EEB Plus 5% Roll-Up Riders are designed to be "comprehensive" riders and may not be combined with each other or with any of the other death benefit riders.

Spousal Continuance

If your spouse is your sole Beneficiary, upon your death your spouse may elect to continue the Contract as the Participant, rather than receive the death benefit amount. In that case, we will not pay a death benefit, but the Contract's Account Value will be equal to your Contract's death benefit amount, as defined under the "Basic Death Benefit" or any optional death benefit rider you have selected. All Contract provisions, including any optional death benefit riders you have selected, will continue as if your spouse had purchased the Contract on the Death Benefit Date with a deposit equal to the death benefit amount. For purposes of calculating death benefits and expenses from that date forward, your spouse's age on the original effective date of the Contract will be used. Upon surrender or annuitization, this step-up to the spouse will not be treated as premium, but will be treated as income.

Calculating the Death Benefit

In calculating the death benefit amount payable under option (3) of the "Basic Death Benefit" or any of the optional death benefit riders, any partial withdrawals will reduce the death benefit amount to an amount equal to the death benefit amount immediately before the withdrawal multiplied by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal.

If the death benefit is the amount payable under options (2) or (3) of the "Basic Death Benefit" or under any of the optional death benefit riders, your Account Value may be increased by the excess, if any, of that amount over option (1) of the "Basic Death Benefit." Any such increase will be allocated to the Sub-Accounts in proportion to your Account Value in those Sub-Accounts on the Death Benefit Date. Such increase will be made only if the Beneficiary elects to annuitize, elects to defer annuitization, or elects to continue the Contract. Also, any portion of this new Account Value attributed to the Fixed Account will be transferred to the available Money Market Fund investment option (without the application of a Market Value Adjustment). If your spouse, as the named Beneficiary, elects to continue the Contract after your death, your spouse may transfer any such Fixed Account portion back to the Fixed Account and begin a new Guarantee Period.

Method of Paying Death Benefit

The death benefit may be paid in a single cash payment or as an annuity (either fixed, variable or a combination), under one or more of our Annuity Options. We describe the Annuity Options in this Prospectus under "The Income Phase -- Annuity Provisions."

During the Accumulation Phase, you may elect the method of payment for the death benefit. These elections are made by sending us at our Service Address an election form, which we will provide. If no such election is in effect on the date of your death, the Beneficiary may elect either a single cash payment or an annuity. If the Beneficiary is your spouse, the Beneficiary may elect to continue the Contract. This election is made by sending us a letter of instruction.  If we do not receive the Beneficiary's election within 60 days after we receive Due Proof of Death, we will pay the death benefit in a single cash payment.

If we pay the death benefit in the form of an Annuity Option, the Beneficiary becomes the Annuitant/Payee under the terms of that Annuity Option.

Non-Qualified Contracts

If your Contract is a Non-Qualified Contract, special distribution rules apply to the payment of the death benefit. The amount of the death benefit must be distributed either (1) as a lump sum within 5 years after your death, or (2) if in the form of an annuity, over a period not greater than the life or expected life of the "designated beneficiary" within the meaning of Section 72(s) of the Internal Revenue Code, with payments beginning no later than one year after your death.

The person you have named as Beneficiary under your Contract, if any, will be the "designated beneficiary." If the named Beneficiary is not living and no contingent beneficiary has been named, the surviving Participant, if any, or the estate of the deceased Participant automatically becomes the designated beneficiary.

If the designated beneficiary is your surviving spouse, your spouse may continue the Contract in his or her own name as Participant. To make this election, your spouse must give us written notification within 60 days after we receive Due Proof of Death. The special distribution rules will then apply on the death of your spouse. To understand what happens when your spouse continues the Contract, see "Spousal Continuance," above.

During the Income Phase, if the Annuitant dies, the remaining value of the Annuity Option in place must be distributed at least as rapidly as the method of distribution under that option.

If the Participant is not a natural person, these distribution rules apply upon the death of any Annuitant.

Payments made in contravention of these special rules would adversely affect the treatment of the Contracts as annuity contracts under the Internal Revenue Code. Neither you nor the Beneficiary may exercise rights that would have that effect.

Selection and Change of Beneficiary

You select your Beneficiary in your Application. You may change your Beneficiary at any time by sending us written notice on our required form, unless you previously made an irrevocable Beneficiary designation. A new Beneficiary designation is not effective until we record the change.

Payment of Death Benefit

Payment of the death benefit in cash will be made within 7 days of the Death Benefit Date, except if we are permitted to defer payment in accordance with the Investment Company Act of 1940. If an Annuity Option is elected, the Annuity Commencement Date will be the first day of the second calendar month following the Death Benefit Date, and your Account will remain in effect until the Annuity Commencement Date.

Due Proof of Death

We accept any of the following as proof of any person's death:

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an original certified copy of an official death certificate;
   
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an original certified copy of a decree of a court of competent jurisdiction as to the finding of death; or
   
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any other proof we find satisfactory.

THE INCOME PHASE -- ANNUITY PROVISIONS

During the Income Phase, we make regular monthly annuity payments to the Annuitant.

The Income Phase of your Contract begins with the Annuity Commencement Date. On that date, we apply your Account Value, adjusted as described below, under the Annuity Option(s) you have selected, and we make the first annuity payment.

Once the Income Phase begins, no lump sum settlement option or cash withdrawals are permitted, except pursuant to Annuity Option D, Monthly Payments for a Specified Period Certain, as described below under the heading "Annuity Options," and you cannot change the Annuity Option selected. You may request a full withdrawal before the Annuity Commencement Date, which will be subject to all charges applicable on withdrawals. (See "Withdrawals, Withdrawal Charge and Market Value Adjustment.")

Selection of the Annuitant or Co-Annuitant

You select the Annuitant in your Application. The Annuitant is the person who receives annuity payments during the Income Phase and on whose life these payments are based. In your Contract, the Annuity Option(s) refer to the Annuitant as the "Payee." If you name someone other than yourself as Annuitant and the Annuitant dies before the Income Phase, you become the Annuitant.

In a Non-Qualified Contract, if you name someone other than yourself as Annuitant, you may also select a Co-Annuitant, who will become the new Annuitant if the original Annuitant dies before the Income Phase. If both the Annuitant and Co-Annuitant die before the Income Phase, you become the Annuitant. If you have named both an Annuitant and a Co-Annuitant, you may designate one of them to become the sole Annuitant as of the Annuity Commencement Date, if both are living at that time. If you have not made that designation on the 30th day before the Annuity Commencement Date, and both the Annuitant and the Co-Annuitant are still living, the Co-Annuitant will become the Annuitant.

When an Annuity Option has been selected as the method of paying the death benefit, the Beneficiary is the Payee of the annuity payment.

Selection of the Annuity Commencement Date

You select the Annuity Commencement Date in your Application. The following restrictions apply to the date you may select:

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The earliest possible Annuity Commencement Date is the first day of the second month following your Contract Date.
   
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The latest possible Annuity Commencement Date is the first day of the month following the Annuitant's 95th birthday. If there is a Co-Annuitant, the Annuity Commencement Date applies to the younger of the Annuitant and Co-Annuitant.
   
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The Annuity Commencement Date must always be the first day of a month.

You may change the Annuity Commencement Date from time to time by sending us written notice, in a form acceptable to us, with the following additional limitations:

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We must receive your notice, in good order, at least 30 days before the current Annuity Commencement Date.
   
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The new Annuity Commencement Date must be at least 30 days after we receive the notice.

There may be other restrictions on your selection of the Annuity Commencement Date imposed by your retirement plan or applicable law. In most situations, current law requires that for a Qualified Contract, certain minimum distributions must commence no later than April 1 following the year the Annuitant reaches age 70 1/2 (or, for Qualified Contracts other than IRAs, no later than April 1 following the year the Annuitant retires, if later than the year the Annuitant reaches age 70 1/2).


 
 

 

Annuity Options

We offer the following Annuity Options for payments during the Income Phase. Each Annuity Option may be selected for a Variable Annuity, a Fixed Annuity, or a combination of both. We may also agree to other settlement options, at our discretion.

     Annuity Option A -- Life Annuity

We provide monthly payments during the lifetime of the Annuitant. Annuity payments stop when the Annuitant dies. There is no provision for continuation of any payments to a Beneficiary.

     Annuity Option B -- Life Annuity with 60, 120, 180 or 240 Monthly Payments Certain

We make monthly payments during the lifetime of the Annuitant. In addition, we guarantee that the Beneficiary will receive monthly payments for the remainder of the period certain, if the Annuitant dies during that period. The election of a longer period results in smaller monthly payments. If no Beneficiary is designated, we pay the discounted value of the remaining payments in one sum to the Annuitant's estate. The Beneficiary may also elect to receive the discounted value of the remaining payments in one sum. The discount rate for a Variable Annuity will be the assumed interest rate in effect; the discount rate for a Fixed Annuity will be based on the interest rate we used to determine the amount of each payment.

     Annuity Option C -- Joint and Survivor Annuity

We make monthly payments during the lifetime of the Annuitant and another person you designate and during the lifetime of the survivor of the two. We stop making payments when the survivor dies. There is no provision for continuance of any payments to a Beneficiary.

     Annuity Option D -- Monthly Payments for a Specified Period Certain

We make monthly payments for a specified period of time from 5 to 30 years, as you elect. If payments under this option are paid on a variable annuity basis, the Annuitant may elect to receive, at any time, some or all of the discounted value of the remaining payments, less any applicable withdrawal charge; the discount rate for this purpose will be the assumed interest rate in effect. If the Annuitant dies during the period selected, the remaining income payments are made as described under Annuity Option B. The election of this Annuity Option may result in the imposition of a penalty tax. The 5, 6, 7, 8 and 9-year periods certain are not available if your Account has been issued within the past 4 years.

Selection of Annuity Option

You select one or more of the Annuity Options, which you may change from time to time during the Accumulation Phase, as long as we receive your selection or change in writing at least 30 days before the Annuity Commencement Date. If we have not received your written selection on the 30th day before the Annuity Commencement Date, you will receive Annuity Option B, for a life annuity with 120 monthly payments certain.

You may specify the proportion of your Adjusted Account Value you wish to provide a Variable Annuity or a Fixed Annuity. Under a Variable Annuity, the dollar amount of payments will vary, while under a Fixed Annuity, the dollar amount of payments will remain the same. If you do not specify a Variable Annuity or a Fixed Annuity, your Adjusted Account Value will be divided between Variable Annuities and Fixed Annuities in the same proportions as your Account Value was divided between the Variable and Fixed Accounts on the Annuity Commencement Date. You may allocate your Adjusted Account Value applied to a Variable Annuity among the Sub-Accounts, or we will use your existing allocations.

There may be additional limitations on the options you may elect under your particular retirement plan or applicable law.

Remember that the Annuity Options may not be changed once Annuity Payments begin.

Amount of Annuity Payments

     Adjusted Account Value

The Adjusted Account Value is the amount we apply to provide a Variable Annuity and/or a Fixed Annuity. We calculate Adjusted Account Value by taking your Account Value on the Business Day just before the Annuity Commencement Date and making the following adjustments:

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We deduct a proportional amount of the Account Fee, based on the fraction of the current Account Year that has elapsed.
   
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If applicable, we apply the Market Value Adjustment to your Account Value in the Fixed Account, which may result in a deduction, an addition, or no change.
   
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We deduct any applicable premium tax or similar tax if not previously deducted.

     Variable Annuity Payments

On the Annuity Commencement Date, we will exchange your Account's Variable Annuity Units for annuitization units which have annual insurance charges of 1.35% of your average daily net assets (1.10% if your initial Purchase Payment was $1,000,000 or more).

Variable Annuity payments may vary each month. We determine the dollar amount of the first payment using the portion of your Adjusted Account Value applied to a Variable Annuity and the Annuity Payment Rates in your Contract, which are based on an assumed interest rate of 3% per year, compounded annually. See "Annuity Payment Rates."

To calculate the remaining payments, we convert the amount of the first payment into Annuity Units for each Sub-Account; we determine the number of those Annuity Units by dividing the portion of the first payment attributable to the Sub-Account by the Annuity Unit Value of that Sub-Account for the Valuation Period ending just before the Annuity Commencement Date. This number of Annuity Units for each Sub-Account will remain constant (unless the Annuitant requests an exchange of Annuity Units). However, the dollar amount of the next Variable Annuity payment -- which is the sum of the number of Annuity Units for each Sub-Account times its Annuity Unit Value for the Valuation Period ending just before the date of the payment -- will increase, decrease, or remain the same, depending on the net investment return of the Sub-Accounts.

If the net investment return of the Sub-Accounts selected is the same as the assumed interest rate of 3%, compounded annually, the payments will remain level. If the net investment return exceeds the assumed interest rate, payments will increase and, conversely, if it is less than the assumed interest rate, payments will decrease.

Please refer to the Statement of Additional Information for more information about calculating Variable Annuity Units and Variable Annuity payments, including examples of these calculations.

     Fixed Annuity Payments

Fixed Annuity payments are the same each month. We determine the dollar amount of each Fixed Annuity payment using the fixed portion of your Adjusted Account Value and the applicable Annuity Payment Rates. These will be either (1) the rates in your Contract, which are based on a minimum guaranteed interest rate of 2.5% per year, compounded annually, or (2) new rates we have published and are using on the Annuity Commencement Date, if they are more favorable. See "Annuity Payment Rates."

     Minimum Payments

If your Adjusted Account Value is less than $2,000, or the first annuity payment for any Annuity Option is less than $20, we will pay the Adjusted Account Value to the Annuitant in one payment.

Exchange of Variable Annuity Units

During the Income Phase, the Annuitant may exchange Annuity Units in one Sub-Account for Annuity Units in another Sub-Account, up to 12 times each Account Year. To make an exchange, the Annuitant sends us, at our Annuity Mailing Address, a written request stating the number of Annuity Units in the Sub-Account he or she wishes to exchange and the new Sub-Account for which Annuity Units are requested. The number of new Annuity Units will be calculated so the dollar amount of an annuity payment on the date of the exchange would not be affected. To calculate this number, we use Annuity Unit values for the Valuation Period during which we receive the exchange request.

Before exchanging Annuity Units in one Sub-Account for those in another, the Annuitant should carefully review the Fund prospectus(es) for the investment objectives and risk disclosure of the Funds in which the Sub-Accounts invest.

During the Income Phase, we permit only exchanges among Sub-Accounts. No exchanges to or from a Fixed Annuity are permitted.

Account Fee

During the Income Phase, we deduct the annual Account Fee of $50 in equal amounts from each Variable Annuity payment. We do not deduct the annual Account Fee from Fixed Annuity payments.

Annuity Payment Rates

The Contracts contain Annuity Payment Rates for each Annuity Option described in this Prospectus. The rates show, for each $1,000 applied, the dollar amount of (a) the first monthly Variable Annuity payment based on the assumed interest rate specified in the applicable Contract (3% per year, compounded annually), and (b) the monthly Fixed Annuity payment, when this payment is based on the minimum guaranteed interest rate specified in the Contract (at least 2.5% per year, compounded annually). We may change these rates under Group Contracts for Accounts established after the effective date of such change (see "Other Contract Provisions -- Modification").

The Annuity Payment Rates may vary according to the Annuity Option elected and the adjusted age of the Annuitant. The Contracts also describe the method of determining the adjusted age of the Annuitant. The mortality table used in determining the Annuity Payment Rates for Annuity Options A, B and C is the Annuity 2000 Table.

Annuity Options as Method of Payment for Death Benefit

You or your Beneficiary may also select one or more Annuity Options to be used in the event of the Covered Person's death before the Income Phase, as described under the "Death Benefit" section of this Prospectus. In that case, your Beneficiary will be the Annuitant. The Annuity Commencement Date will be the first day of the second month beginning after the Death Benefit Date.

OTHER CONTRACT PROVISIONS

Exercise of Contract Rights

An Individual Contract belongs to the individual to whom the Contract is issued. A Group Contract belongs to the Owner. In the case of a Group Contract, the Owner may expressly reserve all Contract rights and privileges; otherwise, each Annuitant will be entitled to exercise such rights and privileges. In any case, such rights and privileges can be exercised without the consent of the Beneficiary (other than an irrevocably designated Beneficiary) or any other person. Such rights and privileges may be exercised only during the lifetime of the Annuitant before the Annuity Commencement Date, except as the Contract otherwise provides.

The Annuitant becomes the Payee on and after the Annuity Commencement Date. The Beneficiary becomes the Payee on the death of the Covered Person prior to the Annuity Commencement Date, or on the death of the Annuitant after the Annuity Commencement Date. Such Payee may thereafter exercise such rights and privileges, if any, of ownership which continue.

Change of Ownership

Ownership of a Qualified Contract may not be transferred except to: (1) the Annuitant; (2) a trustee or successor trustee of a pension or profit sharing trust which is qualified under Section 401 of the Internal Revenue Code; (3) the employer of the Annuitant, provided that the Qualified Contract after transfer is maintained under the terms of a retirement plan qualified under Section 403(a) of the Internal Revenue Code for the benefit of the Annuitant; (4) the trustee or custodian of an individual retirement account plan qualified under Section 408 of the Internal Revenue Code for the benefit of the Participants under a Group Contract; or (5) as otherwise permitted from time to time by laws and regulations governing the retirement or deferred compensation plans for which a Qualified Contract may be issued. Subject to the foregoing, a Qualified Contract may not be sold, assigned, transferred, discounted or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person other than the Company.

The Owner of a Non-Qualified Contract may change the ownership of the Contract prior to the Annuity Commencement Date; and each Participant, in like manner, may change the ownership interest in a Contract. A change of ownership will not be binding on us until we receive written notification. When we receive such notification, the change will be effective as of the date on which the request for change was signed by the Owner or Participant, as appropriate, but the change will be without prejudice to us on account of any payment we make or any action we take before receiving the change. If you change the Owner of a Non-Qualified Contract, you will become immediately liable for the payment of taxes on any gain realized under the Contract prior to the change of ownership, including possible liability for a 10% federal excise tax.

Change of ownership may affect the availability of optional death benefit riders or the expenses incurred with the optional death benefit riders.

Voting of Fund Shares

We will vote Fund shares held by the Sub-Accounts at meetings of shareholders of the Funds or in connection with similar solicitations, but will follow voting instructions received from persons having the right to give voting instructions. During the Accumulation Phase, you will have the right to give voting instructions, in the case of a Group Contract where the Owner has reserved this right. During the Income Phase, the Payee -- that is the Annuitant or Beneficiary entitled to receive benefits -- is the person having such voting rights. We will vote any shares attributable to us and Fund shares for which no timely voting instructions are received in the same proportion as the shares for which we receive instructions from Owners, Participants and Payees, as applicable.

Owners of Qualified Contracts issued on a group basis may be subject to other voting provisions of the particular plan and of the Investment Company Act of 1940. Employees who contribute to plans that are funded by the Contracts may be entitled to instruct the Owners as to how to instruct us to vote the Fund shares attributable to their contributions. Such plans may also provide the additional extent, if any, to which the Owners shall follow voting instructions of persons with rights under the plans. If no voting instructions are received from any such person with respect to a particular Participant Account, the Owner may instruct the Company as to how to vote the number of Fund shares for which instructions may be given.

Neither the Variable Account nor the Company is under any duty to provide information concerning the voting instruction rights of persons who may have such rights under plans, other than rights afforded by the Investment Company Act of 1940, or any duty to inquire as to the instructions received or the authority of Owners, Participants or others, as applicable, to instruct the voting of Fund shares. Except as the Variable Account or the Company has actual knowledge to the contrary, the instructions given by Owners under Group Contracts and Payees will be valid as they affect the Variable Account, the Company and any others having voting instruction rights with respect to the Variable Account.

All Fund proxy material, together with an appropriate form to be used to give voting instructions, will be provided to each person having the right to give voting instructions at least 10 days prior to each meeting of the shareholders of the Fund. We will determine the number of Fund shares as to which each such person is entitled to give instructions as of the record date set by the Fund for such meeting, which is expected to be not more than 90 days prior to each such meeting. Prior to the Annuity Commencement Date, the number of Fund shares as to which voting instructions may be given to the Company is determined by dividing the value of all of the Variable Accumulation Units of the particular Sub-Account credited to the Participant Account by the net asset value of one Fund share as of the same date. On or after the Annuity Commencement Date, the number of Fund shares as to which such instructions may be given by a Payee is determined by dividing the reserve held by the Company in the Sub-Account with respect to the particular Payee by the net asset value of a Fund share as of the same date. After the Annuity Commencement Date, the number of Fund shares as to which a Payee is entitled to give voting instructions will generally decrease due to the decrease in the reserve.

Periodic Reports

During the Accumulation Period we will send you, or such other person having voting rights, at least once during each Account Year, a statement showing the number, type and value of Accumulation Units credited to your Account and the Fixed Accumulation Value of your Account, which statement shall be accurate as of a date not more than 2 months previous to the date of mailing. These periodic statements contain important information concerning your transactions with respect to your Contract. It is your obligation to review each such statement carefully and to report to us, at the address or telephone number provided on the statement, any errors or discrepancies in the information presented therein within 60 days of the date of such statement. Unless we receive notice of any such error or discrepancy from you within such period, we may not be responsible for correcting the error or discrepancy.

In addition, every person having voting rights will receive such reports or prospectuses concerning the Variable Account and the Funds as may be required by the Investment Company Act of 1940 and the Securities Act of 1933. We will also send such statements reflecting transactions in your Account as may be required by applicable laws, rules and regulations.

Upon request, we will provide you with information regarding fixed and variable accumulation values.

Substitution of Securities

Shares of any or all Funds may not always be available for investment under the Contract. We may add or delete Funds or other investment companies as variable investment options under the Contract. We may also substitute for the shares held in any Sub-Account shares of another Fund or shares of another registered open-end investment company or unit investment trust, provided that the substitution has been approved, if required, by the SEC. In the event of any substitution pursuant to this provision, we may make appropriate endorsement to the Contract to reflect the substitution.

Change in Operation of Variable Account

At our election and subject to any necessary vote by persons having the right to give instructions with respect to the voting of Fund shares held by the Sub-Accounts, the Variable Account may be operated as a management company under the Investment Company Act of 1940 or it may be deregistered under the Investment Company Act of 1940 in the event registration is no longer required. Deregistration of the Variable Account requires an order by the SEC. In the event of any change in the operation of the Variable Account pursuant to this provision, we may make appropriate endorsement to the Contract to reflect the change and take such other action as may be necessary and appropriate to effect the change.

Splitting Units

We reserve the right to split or combine the value of Variable Accumulation Units, Annuity Units or any of them. In effecting any such change of unit values, strict equity will be preserved and no change will have a material effect on the benefits or other provisions of the Contract.

Modification

Upon notice to the Participant, in the case of an Individual Contract, and the Owner and Participant(s), in the case of a Group Contract (or the Payee(s) during the Income Phase), we may modify the Contract if such modification: (i) is necessary to make the Contract or the Variable Account comply with any law or regulation issued by a governmental agency to which the Company or the Variable Account is subject; (ii) is necessary to assure continued qualification of the Contract under the Internal Revenue Code or other federal or state laws relating to retirement annuities or annuity contracts; (iii) is necessary to reflect a change in the operation of the Variable Account or the Sub-Account(s) (see "Change in Operation of Variable Account"); (iv) provides additional Variable Account and/or fixed accumulation options; or (v) as may otherwise be in the best interests of Owners, Participants, or Payees, as applicable. In the event of any such modification, we may make appropriate endorsement in the Contract to reflect such modification.

In addition, upon notice to the Owner, we may modify a Group Contract to change the withdrawal charges, Account Fee, mortality and expense risk charges, administrative expense charges, the tables used in determining the amount of the first monthly variable annuity and fixed annuity payments and the formula used to calculate the Market Value Adjustment, provided that such modification applies only to Participant Accounts established after the effective date of such modification. In order to exercise our modification rights in these particular instances, we must notify the Owner of such modification in writing. The notice shall specify the effective date of such modification which must be at least 60 days following the date we mail notice of modification. All of the charges and the annuity tables which are provided in the Group Contract prior to any such modification will remain in effect permanently, unless improved by the Company, with respect to Participant Accounts established prior to the effective date of such modification.

Discontinuance of New Participants

We may limit or discontinue the acceptance of new Applications and the issuance of new Certificates under a Group Contract by giving 30 days prior written notice to the Owner. This will not affect rights or benefits with respect to any Participant Accounts established under such Group Contract prior to the effective date of such limitation or discontinuance.

Reservation of Rights

We reserve the right, to the extent permitted by law, to: (1) combine any 2 or more variable accounts; (2) add or delete Funds, sub-series thereof or other investment companies and corresponding Sub-Accounts; (3) add or remove Guarantee Periods available at any time for election by a Participant; and (4) restrict or eliminate any of the voting rights of Participants (or Owners) or other persons who have voting rights as to the Variable Account. Where required by law, we will obtain approval of changes from Participants or any appropriate regulatory authority. In the event of any change pursuant to this provision, we may make appropriate endorsement to the Contract to reflect the change.

Right to Return

If you are not satisfied with your Contract, you may return it by mailing or delivering it to us at our Annuity Mailing Address, as shown on the cover of this Prospectus, within 10 days, or longer if required by your state, after it was delivered to you. State law may also allow you to return the Contract to your sales representative.  When we receive the returned Contract, it will be cancelled and we will refund to you your Account Value. If applicable state law requires, we will return the full amount of any Purchase Payment(s) we received.

If you are establishing an Individual Retirement Annuity ("IRA"), the Internal Revenue Code requires that we give you a disclosure statement containing certain information about the Contract and applicable legal requirements. We must give you this statement on or before the date the IRA is established. If we give you the disclosure statement before the seventh day preceding the date the IRA is established, you will not have any right of revocation under the Code. If we give you the disclosure statement at a later date, then you may give us a notice of revocation at any time within 7 days after your Contract Date. Upon such revocation, we will refund your Purchase Payment(s). This right of revocation with respect to an IRA is in addition to the return privilege set forth in the preceding paragraph. We allow a Participant establishing an IRA a "ten day free-look," notwithstanding the provisions of the Internal Revenue Code.

TAX CONSIDERATIONS

This section provides general information on the federal income tax consequences of ownership of a Contract based upon our understanding of current federal tax laws. Actual federal tax consequences will vary depending on, among other things, the type of retirement plan under which your Contract is issued. Also, legislation altering the current tax treatment of annuity contracts could be enacted in the future and could apply retroactively to Contracts that were purchased before the date of enactment. We make no attempt to consider any applicable federal estate, federal gift, state, or other tax laws. We also make no guarantee regarding the federal, state, or local tax status of any Contract or any transaction involving any Contract. You should consult a qualified tax professional for advice before purchasing a Contract or executing any other transaction (such as a rollover, distribution, withdrawal or payment) involving a Contract.

U.S. Federal Income Tax Considerations

The following discussion applies only to those Contracts issued in the United States. For a discussion of tax considerations effecting Contracts issued in Puerto Rico, see "Puerto Rico Tax Considerations," below.

     Deductibility of Purchase Payments

For federal income tax purposes, Purchase Payments made under Non-Qualified Contracts are not deductible. Under certain circumstances, Purchase Payments made under Qualified Contracts may be excludible or deductible from taxable income.  Any such amounts will also be excluded from the "investment in the contract" for purposes of determining the taxable portion of any distributions from a Qualified Contract. As a general rule, regardless of whether you own a Qualified or a Non-Qualified Contract, the amount of your tax liability on earnings and distributions will depend upon the specific tax rules applicable to your Contract and your particular circumstances.

     Pre-Distribution Taxation of Contracts

Generally, an increase in the value of a Contract will not give rise to a current income tax liability to the Owner of a Contract or to any payee under the Contract until a distribution is received from the Contract.  However, certain assignments or pledges of a Contract or loans under a Contract will be treated as distributions to the Owner of the Contract and will accelerate the taxability of any increases in the value of a Contract.

Also, corporate (or other non-natural person) Owners of a Non-Qualified Contract will generally incur a current tax liability on Account Value increases. There are certain exceptions to this current taxation rule, including: (i) any Contract that is an "immediate annuity", which the Internal Revenue Code (the "Code") defines as a single premium contract with an annuity commencement date within one year of the date of purchase which provides for a series of substantially equal periodic payments (to be made not less frequently than annually) during the annuity period, and (ii) any Contract that the non-natural person holds as agent for a natural person (such as where a bank or other entity holds a Contract as trustee under a trust agreement).

You should note that a qualified retirement plan generally provides tax deferral regardless of whether the plan invests in an annuity contract.  For that reason, no decision to purchase a Qualified Contract should be based on the assumption that the purchase of a Qualified Contract is necessary to obtain tax deferral under a qualified plan.

     Distributions and Withdrawals from Non-Qualified Contracts

The Account Value of a Non-Qualified Contract will generally include both (i) an amount attributable to Purchase Payments, the return of which will not be taxable, and (ii) an amount attributable to investment earnings, the receipt of which will be taxable at ordinary income rates. The relative portions of any particular distribution that derive from nontaxable Purchase Payments and taxable investment earnings depend upon the nature and the timing of that distribution.

Any withdrawal of less than your entire Account Value under a Non-Qualified Contract before the Annuity Commencement Date must be treated as a receipt of investment earnings. You may not treat such withdrawals as a non-taxable return of Purchase Payments unless you have first withdrawn the entire amount of the Account Value that is attributable to investment earnings. For purposes of determining whether an Owner has withdrawn the entire amount of the investment earnings under a Non-Qualified Contract, the Code provides that all Non-Qualified deferred annuity contracts issued by the same company to the same Owner during any one calendar year must be treated as one annuity contract.

A Payee who receives annuity payments under a Non-Qualified Contract after the Annuity Commencement Date will generally be able to treat a portion of each payment as a nontaxable return of Purchase Payments and to treat only the remainder of each such payment as taxable investment earnings. Until the Purchase Payments have been fully recovered in this manner, the nontaxable portion of each payment will be determined by the ratio of (i) the total amount of the Purchase Payments made under the Contract, to (ii) the Payee's expected return under the Contract. Once the Payee has received nontaxable payments in an amount equal to total Purchase Payments, no further exclusion is allowed and all future distributions will constitute fully taxable ordinary income. If payments are terminated upon the death of the Annuitant or other Payee before the Purchase Payments have been fully recovered, the unrecovered Purchase Payments may be deducted on the final return of the Annuitant or other Payee.

A penalty tax of 10% may also apply to taxable cash withdrawals, including lump-sum payments from Non-Qualified Contracts. This penalty will not apply to distributions made after age 59 1/2, to distributions pursuant to the death or disability of the owner, or to distributions that are a part of a series of substantially equal periodic payments made annually under a lifetime annuity, or to distributions under an immediate annuity (as defined above).

Death benefits paid upon the death of a Contract Owner are not life insurance benefits and will generally be includible in the income of the recipient to the extent they represent investment earnings under the contract.  For this purpose, the amount of the "investment in the contract" is not affected by the Owner's or Annuitant's death, i.e., the investment in the Contract must still be determined by reference to the total Purchase Payments, less (excluding amounts that were deductible by, or excluded from the gross income of, the Owner of a Contract), any Purchase Payments that were amounts previously received which were not includible in income. Special mandatory distribution rules also apply after the death of the Owner when the beneficiary is not the surviving spouse of the Owner.

If death benefits are distributed in a lump sum, the taxable amount of those benefits will be determined in the same manner as upon a full surrender of the contract.  If death benefits are distributed under an annuity option, the taxable amount of those benefits will be determined in the same manner as annuity payments, as described above.

Any amounts held under a Non-Qualified Contract that are assigned or pledged as collateral for a loan will also be treated as if withdrawn from the Contract.  In addition, upon the transfer of a Non-Qualified Contract by gift (other than to the Owner's spouse), the Owner must treat an amount equal to the Account Value minus the total amount paid for the Contract as income.

     Distributions and Withdrawals from Qualified Contracts

In most cases, all of the distributions you receive from a Qualified Contract will constitute fully taxable ordinary income. Also, a 10% penalty tax will apply to distributions prior to age 59 1/2, except in certain circumstances.

If you receive a distribution from a Qualified Contract used in connection with a qualified pension plan, from a tax-sheltered annuity or an individual retirement annuity "IRA" and roll over some or all that distribution to another eligible plan, following the rules set out in the Code and IRS regulations, the portion of such distribution that is rolled over will not be includible in your income. An eligible rollover distribution from a qualified plan or tax-sheltered annuity will be subject to 20% mandatory withholding as described below. Because the amount of the cash paid to you as an eligible rollover distribution will be reduced by this withholding, you will not be able to roll over the entire account balance under your Contract, unless you use other funds equal to the tax withholding to complete the rollover. Rollovers of IRA distributions are not subject to the 20% mandatory withholding requirement.

An eligible rollover distribution from a qualified plan or tax-sheltered annuity is any distribution of all or any portion of the balance to the credit of an employee, except that the term does not include:

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a distribution which is one of a series of substantially equal periodic payments made annually under a lifetime annuity or for a specified period of ten years or more;
   
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any required minimum distribution; or
   
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any hardship distribution.

Only you or your surviving spouse Beneficiary may elect to roll over a distribution to an eligible retirement plan.

     Withholding

In the case of an eligible rollover distribution (as defined above) from a Qualified Contract (other than from an IRA), we (or the plan administrator) must withhold and remit to the U.S. Government 20% of the distribution, unless the Participant or Payee elects to make a direct rollover of the distribution to another qualified retirement plan that is eligible to receive the rollover; however, only you or your surviving spouse Beneficiary may elect a direct rollover. In the case of a distribution from (i) a Non-Qualified Contract, (ii) an IRA, or (iii) a Qualified Contract where the distribution is not an eligible rollover distribution, we will withhold and remit to the U.S. Government a part of the taxable portion of each distribution unless, prior to the distribution, the Participant or Payee provides us his or her taxpayer identification number and instructs us (in the manner prescribed) not to withhold. The Participant or Payee may credit against his or her federal income tax liability for the year of distribution any amounts that we (or the plan administrator) withhold.

     Investment Diversification and Control

The Treasury Department has issued regulations that prescribe investment diversification requirements for mutual fund series underlying nonqualified variable contracts. All Non-Qualified Contracts must comply with these regulations to qualify as annuities for federal income tax purposes. The owner of a Non-Qualified Contract that does not meet these guidelines will be subject to current taxation on annual increases in value of the Contract. We believe that each Fund available as an investment option under the Contract complies with these regulations.

The IRS has stated that satisfaction of the diversification requirements described above by itself does not prevent a contract owner from being treated as the owner of separate account assets under an "owner control" test.  If a contract owner is treated as the owner of separate account assets for tax purposes, the contract owner would be subject to taxation on the income and gains from the separate account assets. In published revenue rulings through 1982 and then again in 2003, the IRS has stated that a variable contract owner will be considered the owner of separate account assets if the owner possesses incidents of ownership in those assets, such as the ability to exercise control over the investment of the assets.  In Revenue Ruling 2003-91, the IRS considered certain variable annuity and variable life insurance contracts and concluded that the owners of the variable contracts would not be considered the owners of the contracts' underlying assets for federal income tax purposes.

Revenue Ruling 2003-91 states that the determination of whether the owner of a variable contract possesses sufficient incidents of ownership over the assets underlying the variable contract so as to be deemed the owner of those assets for federal income tax purposes will depend on all the facts and circumstances. We do not believe that the differences between the Contract and the contracts described in Revenue Ruling 2003-91 should prevent the holding in Revenue Ruling 2003-91 from applying.  Nevertheless, you should consult with a qualified tax professional on the potential impact of the investor control rules of the IRS as they relate to the investment decisions and activities you may undertake with respect to the Contract.  In addition, the IRS and/or the Treasury Department may issue new rulings, interpretations or regulations on this subject in the future.  Accordingly, we therefore reserve the right to modify the Contracts as necessary to attempt to prevent you from being considered the owner, for tax purposes, of the underlying assets.  We also reserve the right to notify you if we determine that it is no longer practicable to maintain the Contract in a manner that was designed to prevent you from being considered the owner of the assets of the Separate Account.  You bear the risk that you may be treated as the owner of Separate Account assets and taxed accordingly.

     Tax Treatment of the Company and the Variable Account

As a life insurance company under the Code, we will record and report operations of the Variable Account separately from other operations. The Variable Account will not, however, constitute a regulated investment company or any other type of taxable entity distinct from our other operations. Under present law, we will not incur tax on the income of the Variable Account (consisting primarily of interest, dividends, and net capital gains) if we use this income to increase reserves under Contracts participating in the Variable Account.

     Qualified Retirement Plans

"Qualified Contracts" are Contracts used with plans that receive tax-deferral treatment pursuant to specific provisions of the Code.  Annuity contracts also receive tax-deferral treatment.  It is not necessary that you purchase an annuity contract to receive the tax-deferral treatment available through a Qualified Contract.  If you purchase this annuity Contract as a Qualified Contract, you do not received additional tax-deferral.  Therefore, if you purchase this annuity Contract as a Qualified Contract, you should do so for reasons other than obtaining tax deferral.

You may use Qualified Contracts with several types of qualified retirement plans. Because tax consequences will vary with the type of qualified retirement plan and the plan's specific terms and conditions, we provide below only brief, general descriptions of the consequences that follow from using Qualified Contracts in connection with various types of qualified retirement plans. We stress that the rights of any person to any benefits under these plans may be subject to the terms and conditions of the plans themselves, regardless of the terms of the Qualified Contracts that you are using. These terms and conditions may include restrictions on, among other things, ownership, transferability, assignability, contributions and distributions.

     Pension and Profit-Sharing Plans

Sections 401(a), 401(k) and 403(a) of the Code permit business employers and certain associations to establish various types of retirement plans for employees. The Code requirements are similar for qualified retirement plans of corporations and those of self-employed individuals. Self-employed persons, as a general rule, may therefore use Qualified Contracts as a funding vehicle for their retirement plans.

     Tax-Sheltered Annuities

Section 403(b) of the Code permits public school employees and employees of certain types of charitable, educational and scientific organizations specified in Section 501(c)(3) of the Code to purchase annuity contracts and, subject to certain limitations, exclude the amount of purchase payments from gross income for tax purposes. The Code imposes restrictions on cash withdrawals from Section 403(b) annuities.

If the Contracts are to receive tax-deferred treatment, cash withdrawals of amounts attributable to salary reduction contributions (other than withdrawals of accumulation account value as of December 31, 1988) may be made only when the Participant attains age 59 1/2, has a severance of employment with the employer, dies or becomes disabled (within the meaning of Section 72(m)(7) of the Code). These restrictions apply to (i) any post-1988 salary reduction contributions, (ii) any growth or interest on post-1988 salary reduction contributions, (iii) any growth or interest on pre-1989 salary reduction contributions that occurs on or after January 1, 1989, and (iv) any pre-1989 salary reduction contributions since we do not maintain records that separately account for such contributions. .  It is permissible, however, to withdraw post-1988 salary reduction contributions (but not the earnings attributable to such contributions) in cases of financial hardship. While the Internal Revenue Service has not issued specific rules defining financial hardship, we expect that to qualify for a hardship distribution, the Participant must have an immediate and heavy bona fide financial need and lack other resources reasonably available to satisfy the need. Hardship withdrawals (as well as certain other premature withdrawals) will be subject to a 10% tax penalty, in addition to any withdrawal charge applicable under the Contracts. Under certain circumstances the 10% tax penalty will not apply if the withdrawal is for medical expenses.

Section 403(b) annuities, like IRAs, are subject to required minimum distributions under the Code.  Section 403(b) annuities are unique, however, in that any account balance accruing before January 1, 1987 (the "pre-1987 balance") needs to comply with only the minimum distribution incidental benefit (MDIB) rule and not also with the minimum distribution rules set forth in Section 401(a)(9) of the Code.  This special treatment for any pre-1987 balance is, however, conditioned upon the issuer identifying the pre-1987 balance and maintaining accurate records of changes to the balance.  Since we do not maintain such records, your pre-1987 balance, if any, will not be eligible for special distribution treatment.

Under the terms of a particular Section 403(b) plan, the Participant may be entitled to transfer all or a portion of the Account Value to one or more alternative funding options. Participants should consult the documents governing their plan and the person who administers the plan for information as to such investment alternatives.

     Individual Retirement Arrangements

Sections 219 and 408 of the Code permit eligible individuals to contribute to a so-called "traditional" individual retirement program, including Individual Retirement Accounts and Annuities, Simplified Employee Pension Plans, and SIMPLE Retirement Accounts. Such IRAs are subject to limitations on contribution levels, the persons who may be eligible, and on the time when distributions may commence. In addition, certain distributions from some other types of retirement plans may be placed in an IRA on a tax-deferred basis. The Internal Revenue Service imposes special information requirements with respect to IRAs and we will provide purchasers of the Contracts as Individual Retirement Annuities with any necessary information. You will have the right to revoke a Contract issued as an Individual Retirement Annuity under certain circumstances, as described in the section of this Prospectus entitled "Right to Return." If your Contract is issued in connection with an Individual Retirement Account, we have no information about the Account and you should contact the Account's trustee or custodian.

     Roth Individual Retirement Arrangements

Section 408A of the Code permits an individual to contribute to an individual retirement program called a Roth IRA. Unlike contributions to a traditional IRA under Section 408 of the Code, contributions to a Roth IRA are not tax-deductible. Provided certain conditions are satisfied, distributions are generally tax-free. Like traditional IRAs, Roth IRAs are subject to limitations on contribution amounts and the timing of distributions. If you convert a traditional Individual Retirement Annuity Contract into a Roth IRA Contract or your Individual Retirement Account that holds a Contract is converted to a Roth Individual Retirement Account, the fair market value of the Contract is included in taxable income. Under IRS regulations and Revenue Procedure 2006-13, fair market value may exceed the Contract's account balance.  Thus, you should consult with a qualified tax professional prior to any conversion.

The Internal Revenue Service imposes special information requirements with respect to Roth IRAs and we will provide the necessary information for Contracts issued as Roth Individual Retirement Annuities. If your Contract is issued in connection with a Roth Individual Retirement Account, we have no information about the Account and you should contact the Account's trustee or custodian.

     Impact of Optional Death Benefit Riders

Qualified Contracts. If your Contract is a traditional IRA annuity or a 403(b) TSA annuity, it is subject to certain required minimum distribution (RMD) requirements imposed by the Internal Revenue Code and IRS regulations. Under the RMD rules, distributions must begin no later than April 1 of the calendar year following the year in which you attain age 70 1/2 or, for non-IRAs, the date of retirement instead of age 70 1/2 if it is later. The RMD amount for a distribution calendar year is generally calculated by dividing the Contract's value as of 12/31 of the prior calendar year by the applicable distribution factor set forth in a Uniform Lifetime Table in the IRS regulations. For Contracts issued in connection with traditional Individual Retirement Accounts, you should contact the Account's trustee or custodian about RMD requirements since we only provide the trustee or custodian with the Contract's value (including any actuarial present value of additional benefits discussed below) so that it can be used in the Account's RMD calculations.

Effective with the 2006 distribution calendar year, the actuarial present value as of 12/31 of any additional benefits that are provided under your Contract (such as optional death benefits) will be added to the Contract's Account Value as of 12/31 in order to calculate the RMD amount. There are two exceptions to the requirement that the actuarial present value of an additional benefit must be added to the Account Value for RMD calculation purposes. First, if the only additional benefit provided under a Contract is a return of premium death benefit (i.e., a benefit under which the final payment does not exceed the amount of purchase payments made less prior distributions), then the additional benefit is disregarded and the RMD calculation uses only the 12/31 Account Value. Second, if (1) the Contract provides only for additional benefits that are each reduced on a proportional basis in the event of distributions, with or without a return of premium death benefit that is not reduced in amount proportionately in the event of distributions and (2) the actuarial present value of all the Contract's additional benefits is no more than 20% of the 12/31 Account Value, then the additional benefits are disregarded and the RMD calculation uses only the 12/31 Account Value. When we notify you of the RMD amount for a distribution calendar year, we will inform you if the calculation included the actuarial present value of additional benefits. Because of the above requirements, your initial or renewal election of an optional rider could cause your RMD amount to be higher than it would be without such an election. Prior to electing to participate in (or, if applicable, prior to renewing your participation in) any optional rider, you should consult with a qualified tax professional as to the possible effect of that rider on your yearly RMD amounts.

You may take an RMD amount calculated for a particular IRA annuity from that annuity or from another IRA account or IRA annuity of yours.  Similarly, you may take an RMD amount calculated for a particular TSA annuity from that annuity or from another TSA account or TSA annuity of yours.  If your Qualified Contract is an asset of a qualified retirement plan, the qualified plan is subject to the RMD requirements and the Contract, as an asset of the qualified plan, may need to be used as a source of funds for the RMDs.

If your Contract is a traditional Individual Retirement Annuity or is held by your traditional Individual Retirement Account and you might convert in the future to a Roth IRA (see "Roth Individual Retirement Arrangements"), then your initial or renewal election of an optional rider could cause your taxable income upon conversion to be higher than it would be without such an election.  Prior to electing to participate in (or, if applicable, prior to renewing your participation in) any optional death benefit, you should consult with a qualified tax professional as to the possible effect of that benefit on conversion taxable income.

Non-Qualified Contracts.  We are required to make a determination as to the taxability of any withdrawal you make in order to be able to annually report to the IRS and you information about your withdrawal.  Under the Internal Revenue Code, any withdrawal from a Non-Qualified Contract is taxable to the extent the annuity's cash value (determined without regard to surrender charges) exceeds the investment in the contract.  There is no definition of "cash value" in the Code and, for tax reporting purposes, we are currently treating it as the Account Value of the Contract.  However, there can be no assurance that the IRS will agree that this is the correct cash value.  The IRS could, for example, determine that the cash value is the Account Value plus an additional amount representing the value of an optional rider.  If this were to occur, election of an optional rider could cause any withdrawal to have a higher proportion of the withdrawal derived from taxable investment earnings.  Prior to electing to participate in an optional rider, you should consult with a qualified tax professional as to the meaning of "cash value."

Puerto Rico Tax Considerations

The Contract offered by this Prospectus is considered an annuity contract under Section 1022 of the Puerto Rico Internal Revenue Code of 1994, as amended (the "1994 Code"). Under the current provisions of the 1994 Code, no income tax is payable on increases in value of accumulation shares of annuity units credited to a variable annuity contract until payments are made to the annuitant or other payee under such contract.

When payments are made from your Contract in the form of an annuity, the annuitant or other payee will be required to include as gross income the lesser of the amount received during the taxable year or the portion of the amount received equal to 3% of the aggregate premiums or other consideration paid for the annuity. The amount, if any, in excess of the included amount is excluded from gross income as a return of premium. After an amount equal to the aggregate premiums or other consideration paid for the annuity has been excluded from gross income, all of the subsequent annuity payments are considered to be taxable income.

When payments are made from your Contract in the form of an annuity, the annuitant or other payee will be required to include as gross income the lesser of the amounts received during the taxable year or the portion of each payment equal to 3% of the aggregate premiums or other consideration paid for the annuity. The amount, if any, in excess of the included amount is excluded from gross income. After an amount equal to the aggregate amount excluded from gross income has been received, all of the annuity payments are considered to be taxable income.

When a payment under a Contract is made in a lump sum, the amount of the payment would be included in the gross income of the Annuitant or other Payee to the extent it exceeds the Annuitant's aggregate premiums or other consideration paid.

The provisions of the 1994 Code with respect to qualified retirement plans described in this Prospectus vary significantly from those under the Internal Revenue Code.  We currently offer the Contract in Puerto Rico in connection with Individual Retirement Arrangements that qualify under the U.S. Internal Revenue Code but do not qualify under the Puerto Rico 1994 Code. See the applicable text of this Prospectus under the heading "Federal Tax Status" dealing with such Arrangements and their RMD requirements.. We may make Contracts available for use with other retirement plans that similarly qualify under the U.S. Internal Revenue Code but do not qualify under the Puerto Rico 1994 Code.

As a result of IRS Revenue Ruling 2004-75, as amplified by Revenue Ruling 2004-97, we will treat Contract distributions and withdrawals occurring on or after January 1, 2005 as U.S.-source income that is subject to U.S. income tax withholding and reporting.  Under "TAX CONSIDERATIONS", see "Pre-Distribution Taxation of Contracts", "Distributions and Withdrawals from Non-Qualified Contracts", "Withholding" and "Non-Qualified Contracts".  You should consult a qualified tax professional for advice regarding the effect of Revenue Ruling 2004-75 on your U.S. and Puerto Rico income tax situation.

For information regarding the income tax consequences of owning a Contract, you should consult a qualified tax professional.

ADMINISTRATION OF THE CONTRACT

We perform certain administrative functions relating to the Contract, Participant Accounts, and the Variable Account. These functions include, but are not limited to, maintaining the books and records of the Variable Account and the Sub-Accounts; maintaining records of the name, address, taxpayer identification number, Contract number, Participant Account number and type, the status of each Participant Account and other pertinent information necessary to the administration and operation of the Contract; processing Applications, Purchase Payments, transfers and full and partial withdrawals; issuing Contracts and Certificates; administering annuity payments; furnishing accounting and valuation services; reconciling and depositing cash receipts; providing confirmations; providing toll-free customer service lines; and furnishing telephonic transfer services.

DISTRIBUTION OF THE CONTRACT

We offer the Contract on a continuous basis.  Contracts are sold by licensed insurance agents ("the Selling Agents") in those states where the Contract may be lawfully sold.  Such Selling Agents will be registered representatives of affiliated and unaffiliated broker-dealer firms ("the Selling Broker-Dealers") registered under the Securities Exchange Act of 1934 who are members of the National Association of Securities Dealers, Inc. and who have entered into selling agreements with the Company and the general distributor, Clarendon Insurance Agency, Inc. ("Clarendon"), One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481.  Clarendon is a wholly-owned subsidiary of the Company, is registered with the SEC under the Securities Exchange Act of 1934 as a broker-dealer and is a member of the National Association of Securities Dealers, Inc.

The Company (or its affiliates, for purposes of this section only, collectively, "the Company"), pays the Selling Broker-Dealers compensation for the promotion and sale of the Contract.  The Selling Agents who solicit sales of the Contract typically receive a portion of the compensation paid by the Company to the Selling Broker-Dealers in the form of commissions or other compensation, depending on the agreement between the Selling Broker-Dealer and their Selling Agent.  This compensation is not paid directly by the Contract Owner or the separate account.  The Company intends to recoup this compensation through fees and charges imposed under the Contract, and from profits on payments received by the Company for providing administrative, marketing, and other support and services to the Funds.

The amount and timing of commissions the Company may pay to Selling Broker-Dealers may vary depending on the selling agreement but is not expected to be more than 5.50% of Purchase Payments, and 1.00% annually of the Participant's Account Value. The Company may pay or allow other promotional incentives or payments in the form of cash or other compensation to the extent permitted by NASD rules and other applicable laws and regulations.

The Company also pays compensation to wholesaling broker-dealers or other firms or intermediaries, including payments to affiliates of the Company, in return for wholesaling services such as providing marketing and sales support, product training and administrative services to the Selling Agents of the Selling Broker-Dealers.  These allowances may be based on a percentage of Purchase Payments and/or a percentage of Contract Value and/or may be a fixed dollar amount.

In addition to the compensation described above, the Company may make additional cash payments or reimbursements to Selling Broker-Dealers in recognition of their marketing and distribution, transaction processing and/or administrative services support.  These payments are not offered to all Selling Broker-Dealers, and the terms of any particular agreement governing the payments may vary among Selling Broker-Dealers depending on, among other things, the level and type of marketing and distribution support provided. Marketing and distribution support services may include, among other services, placement of the Company's products on the Selling Broker-Dealers' preferred or recommended list, access to the Selling Broker-Dealers' registered representatives for purposes of promoting sales of the Company's products, assistance in training and education of the Selling Agents, and opportunities for the Company to participate in sales conferences and educational seminars.  The payments or reimbursements may be calculated as a percentage of the particular Selling Broker-Dealer's actual or expected aggregate sales of our variable contracts (including the Contract) or assets held within those contracts (in most cases not to exceed 0.25% of aggregate sales and 0.10% of assets attributable to the Selling-Broker-Dealer, and/or may be a fixed dollar amount.

You should ask your Selling Agent for further information about what commissions or other compensation he or she, or the Selling Broker-Dealer for which he or she works, may receive in connection with your purchase of a Contract.

Commissions may be waived or reduced in connection with certain transactions described in this Prospectus under the heading "Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates." During 2003, 2004 and 2005, approximately $354,206, $26,117, and $3,563, respectively in commissions were paid to but not retained by Clarendon in connection with the distribution of the Contracts.

PERFORMANCE INFORMATION

From time to time the Variable Account may publish reports to shareholders, sales literature and advertisements containing performance information relating to the Sub-Accounts. This information may include standardized and non-standardized "Average Annual Total Return," "Cumulative Growth Rate" and "Compound Growth Rate." We may also advertise "yield" and "effective yield" for some variable options.

Average Annual Total Return measures the net income of the Sub-Account and any realized or unrealized gains or losses of the Fund in which it invests, over the period stated. Average Annual Total Return figures are annualized and represent the average annual percentage change in the value of an investment in a Sub-Account over that period. Standardized Average Annual Total Return information covers the period after the Variable Account was established or, if shorter, the life of the Sub-Account. Non-standardized Average Annual Total Return covers the life of each Fund, which may predate the Variable Account. Cumulative Growth Rate represents the cumulative change in the value of an investment in the Sub-Account for the period stated, and is arrived at by calculating the change in the Accumulation Unit Value of a Sub-Account between the first and the last day of the period being measured. The difference is expressed as a percentage of the Accumulation Unit Value at the beginning of the base period. "Compound Growth Rate" is an annualized measure, calculated by applying a formula that determines the level of return which, if earned over the entire period, would produce the cumulative return.

Average Annual Total Return figures assume an initial purchase payment of $1,000 and reflect all applicable withdrawal and Contract charges. The Cumulative Growth Rate and Compound Growth Rate figures that we advertise do not reflect withdrawal charges or the Account Fee, although such figures do reflect all recurring charges. Results calculated without withdrawal and/or certain Contract charges will be higher. We may also use other types of rates of return that do not reflect withdrawal and Contract charges.

The performance figures used by the Variable Account are based on the actual historical performance of the underlying Funds for the specified periods, and the figures are not intended to indicate future performance. For periods before the date the Contracts became available, we calculate the performance information for the Sub-Account on a hypothetical basis. To do this, we reflect deductions of the current Contract fees and charges from the historical performance of the corresponding Funds.

Yield is a measure of the net dividend and interest income earned over a specific one month or 30-day period (7-day period for the available Money Market Sub-Account), expressed as a percentage of the value of the Sub-Account's Accumulation Units. Yield is an annualized figure, which means that we assume that the Sub-Account generates the same level of net income over a one-year period and compound that income on a semi-annual basis. We calculate the effective yield for the Money Market Sub-Account similarly, but include the increase due to assumed compounding. The Money Market Sub-Account's effective yield will be slightly higher than its yield as a result of its compounding effect.

The Variable Account may also from time to time compare its investment performance to various unmanaged indices or other variable annuities and may refer to certain rating and other organizations in its marketing materials. More information on performance and our computations is set forth in the Statement of Additional Information.

The Company may also advertise the ratings and other information assigned to it by independent industry ratings organizations. Some of these organizations are A.M. Best, Moody's Investor's Service, and Standard and Poor's Insurance Rating Services. Each year A.M. Best reviews the financial status of thousands of insurers, culminating in the assignment of Best's rating. These ratings reflect A.M. Best's current opinion of the relevant financial strength and operating performance of an insurance company in comparison to the norms of the life/health industry. Best's ratings range from A++ to F. The Standard and Poor's rating measures the ability of an insurance company to meet its obligations under insurance policies it issues. This rating does not measure the insurance company's ability to meet non-policy obligations. Ratings in general do not relate to the performance of the Sub-Accounts.

We may also advertise endorsements from organizations, individuals or other parties that recommend the Company or the Contracts. We may occasionally include in advertisements (1) comparisons of currently taxable and tax deferred investment programs, based on selected tax brackets; or (2) discussions of alternative investment vehicles and general economic conditions.

AVAILABLE INFORMATION

The Company and the Variable Account have filed with the SEC registration statements under the Securities Act of 1933 relating to the Contracts. This Prospectus does not contain all of the information contained in the registration statements and their exhibits. For further information regarding the Variable Account, the Company and the Contracts, please refer to the registration statements and their exhibits.

In addition, the Company is subject to the informational requirements of the Securities Exchange Act of 1934. We file reports and other information with the SEC to meet these requirements.

You can inspect and copy this information and our registration statements at the SEC's public reference facilities at the following locations: Washington, D.C. -- 450 Fifth Street, N.W., Room 1024, Washington, D.C. 20549; Chicago, Illinois -- 500 West Madison Street, Chicago, IL 60661. The Washington, D.C. office will also provide copies by mail for a fee. You may also find these materials on the SEC's website (http:// www.sec.gov).

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

The Company's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the SEC pursuant to Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") is incorporated herein by reference. All documents or reports we file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this prospectus and prior to the termination of the offering, shall be deemed incorporated by reference into the prospectus.

The Company will furnish, without charge, to each person to whom a copy of this Prospectus is delivered, upon the written or oral request of such person, a copy of the documents referred to above which have been incorporated by reference into this Prospectus, other than exhibits to such documents (unless such exhibits are specifically incorporated by reference in this Prospectus). Requests for such documents should be directed to the Secretary, Sun Life Assurance Company of Canada (U.S.), One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481, telephone (800) 225-3950.

STATE REGULATION

The Company is subject to the laws of the State of Delaware governing life insurance companies and to regulation by the Commissioner of Insurance of Delaware. An annual statement is filed with the Commissioner of Insurance on or before March lst in each year relating to the operations of the Company for the preceding year and its financial condition on December 31st of such year. Its books and records are subject to review or examination by the Commissioner or his agents at any time and a full examination of its operations is conducted at periodic intervals.

The Company is also subject to the insurance laws and regulations of the other states and jurisdictions in which it is licensed to operate. The laws of the various jurisdictions establish supervisory agencies with broad administrative powers with respect to licensing to transact business, overseeing trade practices, licensing agents, approving policy forms, establishing reserve requirements, fixing maximum interest rates on life insurance policy loans and minimum rates for accumulation of surrender values, prescribing the form and content of required financial statements and regulating the type and amounts of investments permitted. Each insurance company is required to file detailed annual reports with supervisory agencies in each of the jurisdictions in which it does business and its operations and accounts are subject to examination by such agencies at regular intervals.

In addition, many states regulate affiliated groups of insurers, such as the Company, Sun Life (Canada) and its affiliates, under insurance holding company legislation. Under such laws, inter-company transfers of assets and dividend payments from insurance subsidiaries may be subject to prior notice or approval, depending on the size of such transfers and payments in relation to the financial positions of the companies involved. Under insurance guaranty fund laws in most states, insurers doing business therein can be assessed (up to prescribed limits) for policyholder losses incurred by insolvent companies. The amount of any future assessments of the Company under these laws cannot be reasonably estimated. However, most of these laws do provide that an assessment may be excused or deferred if it would threaten an insurer's own financial strength and many permit the deduction of all or a portion of any such assessment from any future premium or similar taxes payable.

Although the federal government generally does not directly regulate the business of insurance, federal initiatives often have an impact on the business in a variety of ways. Current and proposed federal measures which may significantly affect the insurance business include employee benefit regulation, removal of barriers preventing banks from engaging in the insurance business, tax law changes affecting the taxation of insurance companies, the tax treatment of insurance products and its impact on the relative desirability of various personal investment vehicles.

LEGAL PROCEEDINGS

There are no pending legal proceedings affecting the Variable Account. We and our subsidiaries are engaged in various kinds of routine litigation which, in management's judgment, is not of material importance to our respective total assets or material with respect to the Variable Account.

FINANCIAL STATEMENTS

The financial statements of the Company which are included in the SAI should be considered only as bearing on the ability of the Company to meet its obligations with respect to amounts allocated to the Fixed Account and with respect to the death benefit and the Company's assumption of the mortality and expense risks. They should not be considered as bearing on the investment performance of the Fund shares held in the Sub-Accounts of the Variable Account.

The financial statements of the Variable Account for the year ended December 31, 2005 are also included in the SAI.

                                              

TABLE OF CONTENTS OF STATEMENT OF ADDITIONAL INFORMATION

Sun Life Assurance Company of Canada (U.S.)
 
Advertising and Sales Literature
 
Calculations
 
  Example of Variable Accumulation Unit Value Calculation
 
  Example of Variable Annuity Unit Calculation
 
  Example of Variable Annuity Payment Calculation
 
Distribution of the Contracts
 
Designation and Change of Beneficiary
 
Custodian
 
Independent Registered Public Accounting Firm
 
Financial Statements
 



 
 

 

This Prospectus sets forth information about the Contract and the Variable Account that a prospective purchaser should know before investing. Additional information about the Contract and the Variable Account has been filed with the Securities and Exchange Commission in a Statement of Additional Information dated May 1, 2006 which is incorporated herein by reference. The Statement of Additional Information is available upon request and without charge from Sun Life Assurance Company of Canada (U.S.). To receive a copy, return this request form to the address shown below or telephone (800) 752-7215.

                                                             

To:
Sun Life Assurance Company of Canada (U.S.)
 
P.O. Box 9133
 
Wellesley Hills, Massachusetts 02481
   
 
Please send me a Statement of Additional Information for
 
Select Four Variable and Fixed Annuity
 
Sun Life of Canada (U.S.) Variable Account F.


Name                                                                                                                                                           

Address                                                                                                                                                       

                                                                                                                                                                      

City                                                                                          State                       Zip                                

Telephone                                                  



 
 

 

APPENDIX A
GLOSSARY

The following terms as used in this Prospectus have the indicated meanings:

ACCOUNT or PARTICIPANT ACCOUNT: An account established for each Participant to which Net Purchase Payments are credited.

ACCOUNT VALUE: The Variable Accumulation Value, if any, plus the Fixed Accumulation Value, if any, of your Account for any Valuation Period.

ACCOUNT YEAR and ACCOUNT ANNIVERSARY: Your first Account Year is the period 365 days from the date on which we issued your Contract. Your Account Anniversary is the last day of an Account Year. Each Account Year after the first is the 365-day period that begins on your Account Anniversary. For example, if the Contract Date is on March 12, the first Account Year is determined from the Contract Date and ends on March 12 of the following year. Your Account Anniversary is March 12 and all Account Years after the first are measured from March 12. (If the Anniversary Date falls on a non-business day, the previous business day will be used.)

ACCUMULATION PHASE: The period before the Annuity Commencement Date and during the lifetime of the Annuitant during which you make Purchase Payments under the Contract. This is called the "Accumulation Period" in the Contract.

*ANNUITANT: The person or persons to whom the first annuity payment is made. If the Annuitant dies prior to the Annuity Commencement Date, the Co-Annuitant will become the sole Annuitant. If the Co-Annuitant dies or if no Co-Annuitant is named, the Participant becomes the Annuitant upon the Annuitant's death prior to the Annuity Commencement Date. If you have not named a sole Annuitant on the 30th day before the Annuity Commencement Date and both the Annuitant and Co-Annuitant are living, the Co-Annuitant will be the sole Annuitant/Payee during the Income Phase.

ANNUITY COMMENCEMENT DATE: The date on which the first annuity payment under each Contract is to be made.

ANNUITY OPTION: The method you choose for making annuity payments.

ANNUITY UNIT: A unit of measure used in the calculation of the amount of the second and each subsequent Variable Annuity payment from the Variable
Account.

APPLICATION: The document signed by you or other evidence acceptable to us that serves as your application for participation under a Group Contract or purchase of an Individual Contract.

*BENEFICIARY: The person or entity having the right to receive the death benefit and, for a Certificate issued under a Non-Qualified Contract, who is the "designated beneficiary" for purposes of Section 72(s) of the Code in the event of the Participant's death. Notwithstanding the foregoing, if there are Co-Participants of a Non-Qualified Contract, the surviving Co-Participant will be deemed the beneficiary under the preceding sentence and any other designated beneficiary will be treated as a contingent beneficiary.

BUSINESS DAY: Any day the New York Stock Exchange is open for trading. Also, any day on which we make a determination of the value of a Variable Accumulation Unit.

CERTIFICATE: The document for each Participant which evidences the coverage of the Participant under a Group Contract.

COMPANY ("WE," "US," "SUN LIFE (U.S.)"): Sun Life Assurance Company of Canada (U.S.).

CONTRACT: Any Individual Contract, Group Contract, or Certificate issued under a Group Contract.

CONTRACT DATE: The date on which we issue your Contract. This is called the "Date of Coverage" in the Contract.

COVERED PERSON: The person(s) identified as such in the Contract whose death will trigger the death benefit provisions of the Contract and whose medically necessary stay in a hospital or nursing facility may allow the Participant to be eligible for a waiver of the withdrawal charge. Unless otherwise noted, the Participant/Owner is the Covered Person.

DEATH BENEFIT DATE: If you have elected a death benefit payment option before the Covered Person's death that remains in effect, the date on which we receive Due Proof of Death. If your Beneficiary elects the death benefit payment option, the later of (a) the date on which we receive the Beneficiary's election and (b) the date on which we receive Due Proof of Death. If we do not receive the Beneficiary's election within 60 days after we receive Due Proof of Death, the Death Benefit Date will be the last day of the 60 day period and we will pay the death benefit in one lump sum.

DUE PROOF OF DEATH: An original certified copy of an official death certificate, an original certified copy of a decree of a court of competent jurisdiction as to the finding of death, or any other proof satisfactory to the Company.

FIXED ACCOUNT: The general account of the Company, consisting of all assets of the Company other than those allocated to a separate account of the Company.

FIXED ACCOUNT VALUE: The value of that portion of your Account allocated to the Fixed Account.

FIXED ANNUITY: An annuity with payments which do not vary as to dollar amount.

FUND: A registered management investment company, or series thereof, in which assets of a Sub-Account may be invested.

GROUP CONTRACT: A Contract issued by the Company on a group basis.

GUARANTEE AMOUNT: Each separate allocation of Account Value to a particular Guarantee Period (including interest earned thereon).

GUARANTEE PERIOD: The period for which a Guaranteed Interest Rate is credited.

GUARANTEED INTEREST RATE: The rate of interest we credit on a compound annual basis during any Guarantee Period.

INCOME PHASE: The period on and after the Annuity Commencement Date and during the lifetime of the Annuitant during which we make annuity payments under the Contract.

INDIVIDUAL CONTRACT: A Contract issued by the Company on an individual basis.

NET INVESTMENT FACTOR: An index applied to measure the investment performance of a Sub-Account from one Valuation Period to the next. The Net Investment Factor may be greater or less than or equal to one.

NET PURCHASE PAYMENT (NET PAYMENTS): The portion of a Purchase Payment which remains after the deduction of any applicable premium tax or similar tax.

NON-QUALIFIED CONTRACT: A Contract used in connection with a retirement plan that does not receive favorable federal income tax treatment under Sections 401, 403, 408, or 408A of the Internal Revenue Code. The Participant's interest in the Contract must be owned by a natural person or agent for a natural person for the Contract to receive income tax treatment as an annuity.

*OWNER: The person, persons or entity entitled to the ownership rights stated in a Group Contract and in whose name or names the Group Contract is issued. The Owner may designate a trustee or custodian of a retirement plan which meets the requirements of Section 401, Section 408(c), Section 408(k), Section 408(p) or Section 408A of the Internal Revenue Code to serve as legal owner of assets of a retirement plan, but the term "Owner," as used herein, shall refer to the organization entering into the Group Contract.

*PARTICIPANT: In the case of an Individual Contract, the owner of the Contract. In the case of a Group Contract, the person named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract, except as reserved by the Owner. If there are two Participants, the death benefit is paid upon the death of either Participant.

PAYEE: A recipient of payments under a Contract. The term includes an Annuitant or a Beneficiary who becomes entitled to benefits upon the death of the Participant, or on the Annuity Commencement Date.

PURCHASE PAYMENT (PAYMENT): An amount paid to the Company as consideration for the benefits provided by a Contract.

QUALIFIED CONTRACT: A Contract used in connection with a retirement plan which may receive favorable federal income tax treatment under Sections 401, 403, 408 or 408A of the Internal Revenue Code of 1986, as amended.

RENEWAL DATE: The last day of a Guarantee Period.

SUB-ACCOUNT: That portion of the Variable Account which invests in shares of a specific Fund.

VALUATION PERIOD: The period of time from one determination of Variable Accumulation Unit or Annuity Unit values to the next subsequent determination of these values. Value determinations are made as of the close of the New York Stock Exchange on each day that the Exchange is open for trading.

VARIABLE ACCOUNT: Variable Account F of the Company, which is a separate account of the Company consisting of assets set aside by the Company, the investment performance of which is kept separate from that of the general assets of the Company.

VARIABLE ACCUMULATION UNIT: A unit of measure used in the calculation of Variable Account Value.

VARIABLE ACCOUNT VALUE: The value of that portion of your Account allocated to the Variable Account.

VARIABLE ANNUITY: An annuity with payments which vary as to dollar amount in relation to the investment performance of the Variable Account.

* You specify these items on the Application, and may change them, as we describe in this Prospectus.



 
 

 

APPENDIX B
WITHDRAWALS, WITHDRAWAL CHARGES AND THE MARKET VALUE ADJUSTMENT

Part 1: Variable Account (the Market Value Adjustment does not apply to the Variable Account) Withdrawal Charge Calculation:

Full Withdrawal:

Assume a Purchase Payment of $40,000 is made on the Contract Date, no additional Purchase Payments are made and there are no partial withdrawals. The table below presents three examples of the withdrawal charge resulting from a full withdrawal of your Account, based on hypothetical Account Values.

 
Hypothetical
Free
Subject To
Withdrawal
Withdrawal
 
Account
Withdrawal
Withdrawal
Charge
Charge
Year
Value
Amount
Charge
Percentage
Amount
           
1a
$41,000
$ 4,000
$37,000
6.00%
$2,220
2
$44,200
$ 4,000
$40,000
6.00%
$2,400
3b
$47,700
$ 4,000
$40,000
5.00%
$2,000
4
$51,500
$ 4,000
$40,000
5.00%
$2,000
5c
$55,600
$55,600
$     0
0.00%
$    0
6
$60,000
$60,000
$     0
0.00%
$    0

(a)
The free withdrawal amount in any year is equal to 10% of all of the Purchase Payments you have made. In Account Year 1, the free withdrawal amount is $4,000, which equals 10% of the Purchase Payment of $40,000. On a full withdrawal of $41,000, the amount subject to a withdrawal charge is $37,000, which equals the Account Value of $41,000 minus the free withdrawal amount of $4,000.
   
(b)
In Account Year 3, the free withdrawal amount is $4,000, which equals 10% of the Purchase Payment of $40,000. The Account Value minus the free withdrawal amount is $47,700 minus $4,000, which equals $43,700; however, the amount subject to a withdrawal charge is capped at the amount of your unliquidated Purchase Payments. Therefore, the amount subject to a withdrawal charge is $40,000, which is the amount of your unliquidated Purchase Payments.
   
(c)
In Account Year 5, you have passed your fourth Account Anniversary, so no withdrawal charges apply to any withdrawals you make.

Partial Withdrawal

Assume a single Purchase Payment of $40,000 is made on the Contract Date, no additional Purchase Payments are made, no partial withdrawals have been taken prior to the fourth Account Year, and there is a series of 4 partial withdrawals made during the fourth Account Year of $3,000, $8,000, $12,000, and $22,000.

               
Remaining
Remaining
   
Hypothetical
Free
 
Amount of
   
Free
Hypothetical
   
Account
Withdrawal
 
Withdrawal
   
Withdrawal
Account
   
Value
Amount
Amount
Subject to
Withdrawal
Withdrawal
Amount
Value
   
Before
Before
of
Withdrawal
Charge
Charge
After
After
 
Year
Withdrawal
Withdrawal
Withdrawal
Charge
Percentage
Amount
Withdrawal
Withdrawal
                   
 
1
$41,000
$4,000
$     0
$     0
6.00%
$    0
$4,000
$41,000
 
2
$44,200
$4,000
$     0
$     0
6.00%
$    0
$4,000
$44,200
 
3
$47,700
$4,000
$     0
$     0
5.00%
$    0
$4,000
$47,700
 
4a
$48,200
$4,000
$ 3,000
$     0
5.00%
$    0
$1,000
$45,200
 
4b
$46,000
$1,000
$ 8,000
$ 7,000
5.00%
$  350
$    0
$37,650
 
4c
$38,250
$    0
$12,000
$12,000
5.00%
$  600
$    0
$25,650
 
4d
$26,050
$    0
$22,000
$21,000
5.00%
$1,050
$    0
$ 3,000
                   
Totals
$26,050
$    0
$45,000
$40,000
5.00%
$2,000
$    0
$ 3,000

(a)
In Account Year 4, the free withdrawal amount is $4,000, which equals 10% of the Purchase Payment of $40,000. The partial withdrawal amount of $3,000 is less than the free withdrawal amount, so there is no withdrawal charge.
   
(b)
Since a partial withdrawal of $3,000 was taken, the remaining free withdrawal amount in Account Year 4 is $4,000 - $3,000 = $1,000. Therefore, $1,000 of the $8,000 withdrawal is not subject to a withdrawal charge, and $7,000 is subject to a withdrawal charge. Of the $11,000 withdrawn to date, $4,000 has been from the free withdrawal amount and $7,000 has been from Purchase Payments. Therefore, the amount of unliquidated Purchase Payments is $33,000.
   
(c)
Since $4,000 of the two prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account year 4 is $4,000 - $4,000 = $0. Therefore, the entire $12,000 withdrawal is subject to a withdrawal charge. Of the $23,000 withdrawn to date, $4,000 has been from the free withdrawal amount and $19,000 has been from Purchase Payments. Therefore, the amount of unliquidated Purchase Payments is $21,000.
   
(d)
Since $4,000 of the three prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account Year 4 is $4,000 - $4,000 = $0. The amount of unliquidated Purchase Payments remaining before this withdrawal is $21,000. Therefore, $21,000 of the $22,000 withdrawal is taken from Purchase Payments and is subject to a withdrawal charge, and $1,000 of the withdrawal is taken from earnings and is not subject to a withdrawal charge. Of the $45,000 withdrawn to date, $4,000 has been from the free withdrawal amount, $40,000 has been from Purchase Payments, and $1,000 has been from earnings. The amount of unliquidated Purchase Payments is now equal to $0. Note that if the $3,000 remaining balance was withdrawn, it would all be from earnings and not subject to a withdrawal charge. The total Account Year 4 withdrawal charges would then be $2,000, which is the same amount that was assessed for a full liquidation in Account Year 4 in the example on the previous page.

Part 2 -- Fixed Account -- Examples of the Market Value Adjustment ("MVA")

The MVA Factor is:
 [(1 + I) / (1 + J + b)] ^ (N/12) -1

These examples assume the following:

(1)
The Guarantee Amount was allocated to a 5-year Guarantee Period with a Guaranteed Interest Rate of 6% or .06.
   
(2)
The date of surrender is 2 years from the Expiration Date (N = 24).
   
(3)
The value of the Guarantee Amount on the date of surrender is $11,910.16.
   
(4)
The interest earned in the current Account Year is $674.16.
   
(5)
No transfers or partial withdrawals affecting this Guarantee Amount have been made.
   
(6)
Withdrawal charges, if any, are calculated in the same manner as shown in the examples in Part 1.


 
 

 

Example of a Negative MVA:

Assume that on the date of surrender, the current rate (J) is 8% or .08 and the b factor is zero.

The  MVA  factor  
=
[(1 + I) / (1 + J + b)] ^ (N/12) -1
 
=
[(1 + .06) / (1 + .08)] ^ (24/12) - 1
 
=
(.981^ 2) -1
 
=
.963  -1
 
=
-  .037

The value of the Guarantee Amount less interest credited to the Guarantee Amount in the current Account Year is multiplied by the MVA factor to determine the MVA:

($11,910.16 - $674.16) x (-.037) = -$415.73

-$415.73 represents the MVA that will be deducted from the value of the Guarantee Amount before the deduction of any withdrawal charge.

For a partial withdrawal of $2,000 from this Guarantee Amount, the MVA would be ($2,000.00 - $674.16) x (-.037) = -$49.06. -$49.06 represents the MVA that will be deducted from the partial withdrawal amount before the deduction of any withdrawal charge.

Example of a Positive MVA:

Assume that on the date of surrender, the current rate (J) is 5% or .05 and the b factor is zero.

The  MVA  factor  
=
[(1 + I) / (1 + J + b)] ^ (N/12) -1
 
=
[(1 + .06) / (1 + .05)] ^ (24/12) - 1
 
=
(1.010 ^ 2) -1
 
=
1.019  -1
 
=
.019

The value of the Guarantee Amount less interested credit to the Guarantee Amount in the current Account Year is multiplied by the MVA factor to determine the MVA:

($11,910.16 - $674.16) x .019 = $213.48

$213.48 represents the MVA that would be added to the value of the Guarantee Amount before the deduction of any withdrawal charge.

For a partial withdrawal of $2,000 from this Guarantee Amount, the MVA would be ($2,000.00 - $674.16) x .019 = $25.19.

$25.19 represents the MVA that would be added to the value of the partial withdrawal amount before the deduction of any withdrawal charge.


 
 

 

APPENDIX C
CALCULATION OF BASIC DEATH BENEFIT

Example 1:

Assume a Purchase Payment of $60,000.00 is made on the Contract Date and an additional Purchase Payment of $40,000.00 is made one year later. Assume that all of the money is invested in the Sub-Accounts, that no Withdrawals are made and that the Account Value on the Death Benefit Date is $80,000.00. The calculation of the Death Benefit to be paid is as follows:

The Basic Death Benefit is the greatest of:
   
    Account Value
=
$ 80,000.00
    Cash Surrender Value*
=
$ 76,500.00
    Purchase Payments
=
$100,000.00
The Basic Death Benefit would therefore be:
 
$100,000.00

Example 2:

Assume a Purchase Payment of $60,000.00 is made on the Contract Date and an additional Purchase Payment of $40,000.00 is made one year later. Assume that all of the money is invested in the Sub-Accounts and that the Account Value is $80,000.00 just prior to a $20,000.00 withdrawal. The Account Value on the Death Benefit Date is $60,000.00.

The Basic Death Benefit is the greatest of:
   
    Account Value
=
$ 60,000.00
    Cash Surrender Value*
=
$ 57,000.00
    Adjusted Purchase Payments**
=
$ 75,000.00
The Basic Death Benefit would therefore be:
 
$ 75,000.00

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."

**Adjusted Purchase Payments can be calculated as follows:
Payments x (Account Value after withdrawal divided by Account Value before withdrawal) $100,000.00 x ($60,000.00 divided by $80,000.00)



 
 

 

APPENDIX D
CALCULATION OF EEB OPTIONAL DEATH BENEFIT

Example 1:

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $150,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 7. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
The Death Benefit Amount would therefore
=
$130,000
            -- plus --
The EEB amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 35,000
    40% of the above amount
=
$ 14,000
    Cap of 40% of Adjusted Purchase Payments
=
$ 40,000
The lesser of the above two amounts = the EEB amount
=
$ 14,000

The total Death Benefit would be the amount paid on the Basic Death Benefit plus the EEB amount = $135,000 + $14,000 = $149,000.

Example 2:

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts and that the Account Value is $135,000 just prior to a $20,000 withdrawal. The Account Value on the Death Benefit Date is $115,000. In addition, this Contract was issued prior to the owner's 70th birthday.

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$115,000
    Cash Surrender Value*
=
$115,000
    Total of Adjusted Purchase Payments**
=
$ 85,185
The Death Benefit Amount would therefore
=
$115,000
                 -- plus --
The EEB amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 29,815
    40% of the above amount
=
$ 11,926
    Cap of 40% of Adjusted Purchase Payments
=
$ 34,074
The lesser of the above two amounts = the EEB amount
=
$ 11,926

The total Death Benefit would be the amount paid on the Basic Death Benefit plus the EEB amount = $115,000 + $11,926 = $126,926.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."

** Adjusted Purchase Payments can be calculated as follows:
Payments x (Account Value after withdrawal/Account Value before withdrawal) = $100,000 x ($115,000 divided by $135,000) = $85,185



 
 

 

APPENDIX E
CALCULATION OF DEATH BENEFIT WHEN EEB AND MAV AND 5% ROLL-UP RIDERS ARE SELECTED

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested in Variable Accounts. No withdrawals are made. The Account Value at the Death Benefit Date is $135,000, the value of the Purchase Payments accumulated at 5% until the Death Benefit Date is $140,000, and the Maximum Anniversary Value is $142,000. Assume death occurs in Account Year 7. The calculation of the death benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
    5% Premium Roll-up Value
=
$140,000
    Maximum Anniversary Value
=
$142,000
The Death Benefit Amount would therefore
=
$142,000

                -- plus --

The EEB amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 35,000
    40% of the above amount
=
$ 14,000
    Cap of 40% of Adjusted Purchase Payments
=
$ 40,000
The lesser of the above two amounts = the EEB amount
=
$ 14,000

The total Death Benefit would be the amount paid on the Maximum Anniversary Rider plus the EEB amount = $142,000 + $14,000 = $156,000.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."



 
 

 

APPENDIX F
CALCULATION OF EEB PLUS OPTIONAL DEATH BENEFIT

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 7. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
The Death Benefit Amount would therefore
=
$135,000

                --plus --

The EEB Plus amount, calculated as follows:
   
    Account Value minus Adjusted Purchase Payments
=
$ 35,000
    40% of the above amount
=
$ 14,000
    Cap of 100% of Adjusted Purchase Payments
=
$100,000
The lesser of the above two amounts = the EEB Plus amount
=
$ 14,000

The total Death Benefit would be the amount paid on the Basic Death Benefit plus the EEB Plus amount = $135,000 + $14,000 = $149,000.

**Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."



 
 

 

APPENDIX G
CALCULATION OF EEB PLUS WITH MAV OPTIONAL DEATH BENEFIT

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. The Maximum Anniversary Value on the Death Benefit Date is $140,000. Assume death occurs in Account Year 7. In addition, this Contract was issued prior to the owner's 70th birthday. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
    Maximum Anniversary Value
=
$140,000
The Death Benefit Amount would therefore
=
$140,000

                   --plus--

The EEB Plus MAV amount, calculated as follows:
   
    Death Benefit Amount before EEB minus
   
      Adjusted Purchase Payments
=
$ 40,000
      40% of the above amount
=
$ 16,000
      Cap of 100% of Adjusted Purchase Payments
=
$100,000
The lesser of the above two amounts = the EEB Plus MAV amount
=
$ 16,000

The total Death Benefit would be the amount paid on the Maximum Anniversary Rider plus the EEB Plus MAV amount = $140,000 + $16,000 = $156,000.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."



 
 

 

APPENDIX H
CALCULATION OF EEB PLUS WITH 5% ROLL-UP OPTIONAL DEATH BENEFIT

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. The value of the Purchase Payments accumulated at 5% until the Death Benefit Date is $140,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 7. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:
   
    Account Value
=
$135,000
    Cash Surrender Value*
=
$135,000
    Total of Adjusted Purchase Payments
=
$100,000
    5% Premium Roll-up Value
=
$140,000
The Death Benefit Amount would therefore
=
$140,000

              --plus--

The EEB Plus 5% Roll-Up amount, calculated as follows:
   
    Death Benefit Amount before EEB minus
   
      Adjusted Purchase Payments
=
$ 40,000
      40% of the above amount
=
$ 16,000
      Cap of 100% of Adjusted Purchase  Payments
=
$100,000
The lesser of the above two amounts = the EEB Plus 5% Roll-Up amount
=
$ 16,000

The total Death Benefit would be the amount paid on the 5% Roll-Up Rider plus the EEB Plus 5% Roll-Up amount = $140,000 + $16,000 = $156,000.

*Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "Full Withdrawals" under the subheading "Cash Withdrawals."



 
 

 

APPENDIX I
INVESTMENT OPTIONS AND EXPENSES FOR INITIAL CLASS SHARES OF MFS/SUN LIFE SERIES TRUST

The MFS/Sun Life Series Trust Fund options shown in this prospectus are the "Service Class" shares of the Trust.  The Service Class was first offered for sale on August 27, 2001.  All Contracts purchased on or after that date are invested in the Service Class.

Each MFS/Sun Life Series Trust Fund also has an "Initial Class" of shares. All Contracts purchased before August 27, 2001, are invested in the "Initial Class."  The following Initial Class Funds are available to owners of such Contracts:

Large-Cap Value Equity Funds
Small-Cap Growth Equity Funds
  MFS/Sun Life Total Return Series
  MFS/ Sun Life New Discovery Series
Large-Cap Blend Equity Funds
Large-Cap Value Sector Equity Funds
  MFS/ Sun Life Massachusetts Investors Trust Series
  MFS/ Sun Life Utilities Series
Large-Cap Growth Equity Funds
High Quality Intermediate-Term Bond Funds
  MFS/ Sun Life Capital Appreciation Series
  MFS/ Sun Life Government Securities Series
  MFS/ Sun Life Emerging Growth Series
Low-Quality Intermediate-Term Bond Fund
  MFS/ Sun Life Massachusetts Investors Growth
  MFS/ Sun Life High Yield Series
     Stock Series
 

The shares of the Initial Class have the same investment objectives, policies, and strategies as the shares of the Service Class. The only differences between the two classes are their expense ratios, which are 0.25% lower for the Initial Class shares.




 
 

 


APPENDIX J
CONDENSED FINANCIAL INFORMATION

The following information for FUTURITY SELECT FOUR should be read in conjunction with the Variable Account's Financial Statements appearing the Statement of Additional Information.

 
 
Fund
 
Price Level
 
 
Year
Accumulation Unit Value Beginning of Year
Accumulation Unit Value End of Year
Number of Accumulation Units End of Year Units

AIM V.I. Capital Appreciation
01
2005
6.320
6.803
0
AIM V.I. Capital Appreciation
01
2004
5.994
6.320
0
AIM V.I. Capital Appreciation
01
2003
4.679
5.994
0
AIM V.I. Capital Appreciation
01
2002
6.254
4.679
0
AIM V.I. Capital Appreciation
01
2001
8.244
6.254
0
AIM V.I. Capital Appreciation
01
2000
10.000
8.244
0
           
AIM V.I. Capital Appreciation
02
2005
6.281
6.750
7,789
AIM V.I. Capital Appreciation
02
2004
5.965
6.281
8,122
AIM V.I. Capital Appreciation
02
2003
4.664
5.965
8,218
AIM V.I. Capital Appreciation
02
2002
6.243
4.664
8,218
AIM V.I. Capital Appreciation
02
2001
8.242
6.243
0
AIM V.I. Capital Appreciation
02
2000
10.000
8.242
0
           
AIM V.I. Capital Appreciation
03
2005
6.254
6.715
50,268
AIM V.I. Capital Appreciation
03
2004
5.946
6.254
60,595
AIM V.I. Capital Appreciation
03
2003
4.654
5.946
63,463
AIM V.I. Capital Appreciation
03
2002
6.236
4.654
20,668
AIM V.I. Capital Appreciation
03
2001
8.241
6.236
17,577
AIM V.I. Capital Appreciation
03
2000
10.000
8.241
1,548
           
AIM V.I. Capital Appreciation
04
2005
6.215
6.663
14,345
AIM V.I. Capital Appreciation
04
2004
5.917
6.215
19,483
AIM V.I. Capital Appreciation
04
2003
4.638
5.917
20,542
AIM V.I. Capital Appreciation
04
2002
6.225
4.638
24,770
AIM V.I. Capital Appreciation
04
2001
8.239
6.225
22,523
AIM V.I. Capital Appreciation
04
2000
10.000
8.239
499
           
AIM V.I. Capital Appreciation
05
2005
6.188
6.628
12,831
AIM V.I. Capital Appreciation
05
2004
5.899
6.188
24,842
AIM V.I. Capital Appreciation
05
2003
4.628
5.899
50,446
AIM V.I. Capital Appreciation
05
2002
6.218
4.628
43,075
AIM V.I. Capital Appreciation
05
2001
8.238
6.218
57,874
AIM V.I. Capital Appreciation
05
2000
10.000
8.238
2,794
           
AIM V.I. Capital Appreciation
06
2005
6.149
6.576
24,529
AIM V.I. Capital Appreciation
06
2004
5.870
6.149
33,834
AIM V.I. Capital Appreciation
06
2003
4.613
5.870
33,962
AIM V.I. Capital Appreciation
06
2002
6.207
4.613
33,976
AIM V.I. Capital Appreciation
06
2001
8.236
6.207
33,455
AIM V.I. Capital Appreciation
06
2000
10.000
8.236
0
           
AIM V.I. Core Equity Fund
01
2005
7.258
7.560
0
AIM V.I. Core Equity Fund
01
2004
6.735
7.258
0
AIM V.I. Core Equity Fund
01
2003
5.473
6.735
0
AIM V.I. Core Equity Fund
01
2002
6.556
5.473
0
AIM V.I. Core Equity Fund
01
2001
8.590
6.556
0
AIM V.I. Core Equity Fund
01
2000
10.000
8.590
0
           
AIM V.I. Core Equity Fund
02
2005
7.212
7.501
8,604
AIM V.I. Core Equity Fund
02
2004
6.703
7.212
8,973
AIM V.I. Core Equity Fund
02
2003
5.455
6.703
9,079
AIM V.I. Core Equity Fund
02
2002
6.544
5.455
7,690
AIM V.I. Core Equity Fund
02
2001
8.589
6.544
0
AIM V.I. Core Equity Fund
02
2000
10.000
8.589
0
           
AIM V.I. Core Equity Fund
03
2005
7.182
7.462
21,886
AIM V.I. Core Equity Fund
03
2004
6.681
7.182
27,966
AIM V.I. Core Equity Fund
03
2003
5.443
6.681
39,350
AIM V.I. Core Equity Fund
03
2002
6.536
5.443
28,406
AIM V.I. Core Equity Fund
03
2001
8.587
6.536
26,173
AIM V.I. Core Equity Fund
03
2000
10.000
8.587
0
           
AIM V.I. Core Equity Fund
04
2005
7.137
7.403
16,693
AIM V.I. Core Equity Fund
04
2004
6.649
7.137
20,633
AIM V.I. Core Equity Fund
04
2003
5.425
6.649
22,189
AIM V.I. Core Equity Fund
04
2002
6.525
5.425
20,927
AIM V.I. Core Equity Fund
04
2001
8.585
6.525
18,507
AIM V.I. Core Equity Fund
04
2000
10.000
8.585
0
           
AIM V.I. Core Equity Fund
05
2005
7.106
7.365
17,521
AIM V.I. Core Equity Fund
05
2004
6.628
7.106
25,743
AIM V.I. Core Equity Fund
05
2003
5.414
6.628
42,769
AIM V.I. Core Equity Fund
05
2002
6.517
5.414
46,670
AIM V.I. Core Equity Fund
05
2001
8.584
6.517
56,118
AIM V.I. Core Equity Fund
05
2000
10.000
8.584
0
           
AIM V.I. Core Equity Fund
06
2005
7.062
7.307
28,859
AIM V.I. Core Equity Fund
06
2004
6.596
7.062
34,233
AIM V.I. Core Equity Fund
06
2003
5.396
6.596
41,189
AIM V.I. Core Equity Fund
06
2002
6.506
5.396
45,923
AIM V.I. Core Equity Fund
06
2001
8.582
6.506
45,594
AIM V.I. Core Equity Fund
06
2000
10.000
8.582
0
           
AIM V.I. Dynamics Fund
01
2005
8.317
9.108
0
AIM V.I. Dynamics Fund
01
2004
7.420
8.317
0
AIM V.I. Dynamics Fund
01
2003
5.444
7.420
0
AIM V.I. Dynamics Fund
01
2002
8.083
5.444
0
AIM V.I. Dynamics Fund
01
2001
10.000
8.083
0
           
AIM V.I. Dynamics Fund
02
2005
8.271
9.044
0
AIM V.I. Dynamics Fund
02
2004
7.390
8.271
0
AIM V.I. Dynamics Fund
02
2003
5.430
7.390
0
AIM V.I. Dynamics Fund
02
2002
8.074
5.430
0
AIM V.I. Dynamics Fund
02
2001
10.000
8.074
0
           
AIM V.I. Dynamics Fund
03
2005
8.240
9.001
9,832
AIM V.I. Dynamics Fund
03
2004
7.370
8.240
5,737
AIM V.I. Dynamics Fund
03
2003
5.421
7.370
4,537
AIM V.I. Dynamics Fund
03
2002
8.069
5.421
20,007
AIM V.I. Dynamics Fund
03
2001
10.000
8.069
534
           
AIM V.I. Dynamics Fund
04
2005
8.194
8.937
18,264
AIM V.I. Dynamics Fund
04
2004
7.340
8.194
18,297
AIM V.I. Dynamics Fund
04
2003
5.407
7.340
17,017
AIM V.I. Dynamics Fund
04
2002
8.061
5.407
14,780
AIM V.I. Dynamics Fund
04
2001
10.000
8.061
722
           
AIM V.I. Dynamics Fund
05
2005
8.164
8.895
3,103
AIM V.I. Dynamics Fund
05
2004
7.320
8.164
2,616
AIM V.I. Dynamics Fund
05
2003
5.398
7.320
8,054
AIM V.I. Dynamics Fund
05
2002
8.055
5.398
3,208
AIM V.I. Dynamics Fund
05
2001
10.000
8.055
1,078
           
AIM V.I. Dynamics Fund
06
2005
8.118
8.832
3,278
AIM V.I. Dynamics Fund
06
2004
7.291
8.118
5,210
AIM V.I. Dynamics Fund
06
2003
5.384
7.291
5,460
AIM V.I. Dynamics Fund
06
2002
8.047
5.384
7,679
AIM V.I. Dynamics Fund
06
2001
10.000
8.047
1,513
           
AIM V.I. Growth
01
2005
5.163
5.488
0
AIM V.I. Growth
01
2004
4.823
5.163
0
AIM V.I. Growth
01
2003
3.716
4.823
0
AIM V.I. Growth
01
2002
5.443
3.716
0
AIM V.I. Growth
01
2001
8.326
5.443
0
AIM V.I. Growth
01
2000
10.000
8.326
0
           
AIM V.I. Growth
02
2005
5.130
5.445
9,234
AIM V.I. Growth
02
2004
4.800
5.130
9,629
AIM V.I. Growth
02
2003
3.704
4.800
9,743
AIM V.I. Growth
02
2002
5.434
3.704
9,743
AIM V.I. Growth
02
2001
8.324
5.434
0
AIM V.I. Growth
02
2000
10.000
8.324
0
           
AIM V.I. Growth
03
2005
5.109
5.417
32,522
AIM V.I. Growth
03
2004
4.785
5.109
37,703
AIM V.I. Growth
03
2003
3.696
4.785
43,126
AIM V.I. Growth
03
2002
5.428
3.696
50,248
AIM V.I. Growth
03
2001
8.323
5.428
10,662
AIM V.I. Growth
03
2000
10.000
8.323
0
           
AIM V.I. Growth
04
2005
5.076
5.374
22,532
AIM V.I. Growth
04
2004
4.762
5.076
23,416
AIM V.I. Growth
04
2003
3.684
4.762
24,366
AIM V.I. Growth
04
2002
5.418
3.684
28,069
AIM V.I. Growth
04
2001
8.321
5.418
31,297
AIM V.I. Growth
04
2000
10.000
8.321
1,561
           
AIM V.I. Growth
05
2005
5.055
5.346
73,136
AIM V.I. Growth
05
2004
4.747
5.055
83,369
AIM V.I. Growth
05
2003
3.676
4.747
68,014
AIM V.I. Growth
05
2002
5.412
3.676
74,459
AIM V.I. Growth
05
2001
8.319
5.412
50,634
AIM V.I. Growth
05
2000
10.000
8.319
5,276
           
AIM V.I. Growth
06
2005
5.023
5.304
34,194
AIM V.I. Growth
06
2004
4.724
5.023
64,588
AIM V.I. Growth
06
2003
3.664
4.724
66,199
AIM V.I. Growth
06
2002
5.402
3.664
68,101
AIM V.I. Growth
06
2001
8.318
5.402
15,310
AIM V.I. Growth
06
2000
10.000
8.318
0
           
AIM V.I. International Growth Fund
01
2005
9.186
10.714
0
AIM V.I. International Growth Fund
01
2004
7.490
9.186
0
AIM V.I. International Growth Fund
01
2003
5.868
7.490
0
AIM V.I. International Growth Fund
01
2002
7.036
5.868
0
AIM V.I. International Growth Fund
01
2001
9.305
7.036
0
AIM V.I. International Growth Fund
01
2000
10.000
9.305
0
           
AIM V.I. International Growth Fund
02
2005
9.128
10.630
0
AIM V.I. International Growth Fund
02
2004
7.454
9.128
26,471
AIM V.I. International Growth Fund
02
2003
5.849
7.454
30,006
AIM V.I. International Growth Fund
02
2002
7.024
5.849
31,517
AIM V.I. International Growth Fund
02
2001
9.303
7.024
34,453
AIM V.I. International Growth Fund
02
2000
10.000
9.303
0
           
AIM V.I. International Growth Fund
03
2005
9.090
10.575
60,126
AIM V.I. International Growth Fund
03
2004
7.431
9.090
73,999
AIM V.I. International Growth Fund
03
2003
5.836
7.431
79,325
AIM V.I. International Growth Fund
03
2002
7.016
5.836
56,136
AIM V.I. International Growth Fund
03
2001
9.301
7.016
80,539
AIM V.I. International Growth Fund
03
2000
10.000
9.301
62
           
AIM V.I. International Growth Fund
04
2005
9.032
10.492
40,216
AIM V.I. International Growth Fund
04
2004
7.395
9.032
52,083
AIM V.I. International Growth Fund
04
2003
5.817
7.395
61,649
AIM V.I. International Growth Fund
04
2002
7.003
5.817
71,008
AIM V.I. International Growth Fund
04
2001
9.299
7.003
80,250
AIM V.I. International Growth Fund
04
2000
10.000
9.299
1,415
           
AIM V.I. International Growth Fund
05
2005
8.994
10.438
44,009
AIM V.I. International Growth Fund
05
2004
7.371
8.994
74,818
AIM V.I. International Growth Fund
05
2003
5.804
7.371
80,830
AIM V.I. International Growth Fund
05
2002
6.995
5.804
99,416
AIM V.I. International Growth Fund
05
2001
9.298
6.995
143,895
AIM V.I. International Growth Fund
05
2000
10.000
9.298
2,234
           
AIM V.I. International Growth Fund
06
2005
8.937
10.356
18,473
AIM V.I. International Growth Fund
06
2004
7.336
8.937
22,829
AIM V.I. International Growth Fund
06
2003
5.785
7.336
25,557
AIM V.I. International Growth Fund
06
2002
6.983
5.785
25,863
AIM V.I. International Growth Fund
06
2001
9.296
6.983
71,794
AIM V.I. International Growth Fund
06
2000
10.000
9.296
0
           
AIM V.I. Premier Equity
01
2005
7.915
8.270
0
AIM V.I. Premier Equity
01
2004
7.566
7.915
0
AIM V.I. Premier Equity
01
2003
6.116
7.566
0
AIM V.I. Premier Equity
01
2002
8.868
6.116
0
AIM V.I. Premier Equity
01
2001
10.000
8.868
0
           
AIM V.I. Premier Equity
02
2005
7.871
8.212
0
AIM V.I. Premier Equity
02
2004
7.535
7.871
0
AIM V.I. Premier Equity
02
2003
6.101
7.535
0
AIM V.I. Premier Equity
02
2002
8.859
6.101
0
AIM V.I. Premier Equity
02
2001
10.000
8.859
0
           
AIM V.I. Premier Equity
03
2005
7.841
8.173
16,621
AIM V.I. Premier Equity
03
2004
7.515
7.841
17,821
AIM V.I. Premier Equity
03
2003
6.090
7.515
25,484
AIM V.I. Premier Equity
03
2002
8.853
6.090
21,574
AIM V.I. Premier Equity
03
2001
10.000
8.853
2,874
           
AIM V.I. Premier Equity
04
2005
7.798
8.115
5,881
AIM V.I. Premier Equity
04
2004
7.485
7.798
8,207
AIM V.I. Premier Equity
04
2003
6.075
7.485
27,424
AIM V.I. Premier Equity
04
2002
8.844
6.075
28,806
AIM V.I. Premier Equity
04
2001
10.000
8.844
10,550
           
AIM V.I. Premier Equity
05
2005
7.769
8.077
11,036
AIM V.I. Premier Equity
05
2004
7.464
7.769
16,497
AIM V.I. Premier Equity
05
2003
6.065
7.464
21,115
AIM V.I. Premier Equity
05
2002
8.838
6.065
23,240
AIM V.I. Premier Equity
05
2001
10.000
8.838
10,730
           
AIM V.I. Premier Equity
06
2005
7.725
8.020
15,858
AIM V.I. Premier Equity
06
2004
7.434
7.725
18,528
AIM V.I. Premier Equity
06
2003
6.049
7.434
20,207
AIM V.I. Premier Equity
06
2002
8.828
6.049
22,082
AIM V.I. Premier Equity
06
2001
10.000
8.828
5,091
           
AIM V.I. Small Company Growth Fund
01
2005
8.968
9.330
0
AIM V.I. Small Company Growth Fund
01
2004
7.961
8.968
0
AIM V.I. Small Company Growth Fund
01
2003
6.033
7.961
0
AIM V.I. Small Company Growth Fund
01
2002
8.855
6.033
0
AIM V.I. Small Company Growth Fund
01
2001
10.000
8.855
0
           
AIM V.I. Small Company Growth Fund
02
2005
8.918
9.264
0
AIM V.I. Small Company Growth Fund
02
2004
7.929
8.918
0
AIM V.I. Small Company Growth Fund
02
2003
6.017
7.929
0
AIM V.I. Small Company Growth Fund
02
2002
8.846
6.017
0
AIM V.I. Small Company Growth Fund
02
2001
10.000
8.846
0
           
AIM V.I. Small Company Growth Fund
03
2005
8.884
9.220
5,246
AIM V.I. Small Company Growth Fund
03
2004
7.908
8.884
4,947
AIM V.I. Small Company Growth Fund
03
2003
6.007
7.908
5,171
AIM V.I. Small Company Growth Fund
03
2002
8.840
6.007
4,759
AIM V.I. Small Company Growth Fund
03
2001
10.000
8.840
573
           
AIM V.I. Small Company Growth Fund
04
2005
8.835
9.155
4,152
AIM V.I. Small Company Growth Fund
04
2004
7.875
8.835
3,970
AIM V.I. Small Company Growth Fund
04
2003
5.992
7.875
3,003
AIM V.I. Small Company Growth Fund
04
2002
8.831
5.992
1,503
AIM V.I. Small Company Growth Fund
04
2001
10.000
8.831
922
           
AIM V.I. Small Company Growth Fund
05
2005
8.802
9.111
3,790
AIM V.I. Small Company Growth Fund
05
2004
7.854
8.802
3,198
AIM V.I. Small Company Growth Fund
05
2003
5.982
7.854
15,032
AIM V.I. Small Company Growth Fund
05
2002
8.825
5.982
3,061
AIM V.I. Small Company Growth Fund
05
2001
10.000
8.825
0
           
AIM V.I. Small Company Growth Fund
06
2005
8.753
9.047
3,281
AIM V.I. Small Company Growth Fund
06
2004
7.822
8.753
3,911
AIM V.I. Small Company Growth Fund
06
2003
5.967
7.822
4,554
AIM V.I. Small Company Growth Fund
06
2002
8.816
5.967
4,479
AIM V.I. Small Company Growth Fund
06
2001
10.000
8.816
531
           
Alger Am. Growth
01
2005
7.161
7.935
0
Alger Am. Growth
01
2004
6.864
7.161
0
Alger Am. Growth
01
2003
5.135
6.864
0
Alger Am. Growth
01
2002
7.748
5.135
0
Alger Am. Growth
01
2001
8.884
7.748
0
Alger Am. Growth
01
2000
10.000
8.884
0
           
Alger Am. Growth
02
2005
7.116
7.873
0
Alger Am. Growth
02
2004
6.831
7.116
0
Alger Am. Growth
02
2003
5.118
6.831
0
Alger Am. Growth
02
2002
7.734
5.118
0
Alger Am. Growth
02
2001
8.882
7.734
0
Alger Am. Growth
02
2000
10.000
8.882
0
           
Alger Am. Growth
03
2005
7.086
7.832
23,517
Alger Am. Growth
03
2004
6.809
7.086
27,996
Alger Am. Growth
03
2003
5.107
6.809
35,752
Alger Am. Growth
03
2002
7.725
5.107
45,323
Alger Am. Growth
03
2001
8.881
7.725
36,583
Alger Am. Growth
03
2000
10.000
8.881
0
           
Alger Am. Growth
04
2005
7.041
7.771
21,946
Alger Am. Growth
04
2004
6.776
7.041
30,500
Alger Am. Growth
04
2003
5.090
6.776
42,394
Alger Am. Growth
04
2002
7.712
5.090
44,169
Alger Am. Growth
04
2001
8.879
7.712
46,071
Alger Am. Growth
04
2000
10.000
8.879
1,463
           
Alger Am. Growth
05
2005
7.012
7.730
19,344
Alger Am. Growth
05
2004
6.755
7.012
48,592
Alger Am. Growth
05
2003
5.079
6.755
68,694
Alger Am. Growth
05
2002
7.703
5.079
77,343
Alger Am. Growth
05
2001
8.878
7.703
91,303
Alger Am. Growth
05
2000
10.000
8.878
6,668
           
Alger Am. Growth
06
2005
6.968
7.670
16,549
Alger Am. Growth
06
2004
6.722
6.968
19,084
Alger Am. Growth
06
2003
5.062
6.722
25,068
Alger Am. Growth
06
2002
7.689
5.062
30,311
Alger Am. Growth
06
2001
8.876
7.689
34,241
Alger Am. Growth
06
2000
10.000
8.876
0
           
Alger Am. Income & Growth
01
2005
7.613
7.789
0
Alger Am. Income & Growth
01
2004
7.138
7.613
0
Alger Am. Income & Growth
01
2003
5.559
7.138
0
Alger Am. Income & Growth
01
2002
8.158
5.559
0
Alger Am. Income & Growth
01
2001
9.628
8.158
0
Alger Am. Income & Growth
01
2000
10.000
9.628
0
           
Alger Am. Income & Growth
02
2005
7.565
7.728
0
Alger Am. Income & Growth
02
2004
7.104
7.565
0
Alger Am. Income & Growth
02
2003
5.541
7.104
0
Alger Am. Income & Growth
02
2002
8.144
5.541
0
Alger Am. Income & Growth
02
2001
9.626
8.144
0
Alger Am. Income & Growth
02
2000
10.000
9.626
0
           
Alger Am. Income & Growth
03
2005
7.534
7.688
38,450
Alger Am. Income & Growth
03
2004
7.081
7.534
45,203
Alger Am. Income & Growth
03
2003
5.529
7.081
53,296
Alger Am. Income & Growth
03
2002
8.134
5.529
64,469
Alger Am. Income & Growth
03
2001
9.625
8.134
66,314
Alger Am. Income & Growth
03
2000
10.000
9.625
0
           
Alger Am. Income & Growth
04
2005
7.486
7.628
8,099
Alger Am. Income & Growth
04
2004
7.048
7.486
15,188
Alger Am. Income & Growth
04
2003
5.510
7.048
21,208
Alger Am. Income & Growth
04
2002
8.120
5.510
24,633
Alger Am. Income & Growth
04
2001
9.622
8.120
22,578
Alger Am. Income & Growth
04
2000
10.000
9.622
1,883
           
Alger Am. Income & Growth
05
2005
7.455
7.588
38,500
Alger Am. Income & Growth
05
2004
7.025
7.455
100,357
Alger Am. Income & Growth
05
2003
5.498
7.025
114,543
Alger Am. Income & Growth
05
2002
8.110
5.498
118,301
Alger Am. Income & Growth
05
2001
9.621
8.110
137,826
Alger Am. Income & Growth
05
2000
10.000
9.621
7,161
           
Alger Am. Income & Growth
06
2005
7.408
7.529
70,859
Alger Am. Income & Growth
06
2004
6.991
7.408
71,746
Alger Am. Income & Growth
06
2003
5.480
6.991
78,097
Alger Am. Income & Growth
06
2002
8.096
5.480
116,696
Alger Am. Income & Growth
06
2001
9.619
8.096
117,936
Alger Am. Income & Growth
06
2000
10.000
9.619
0
           
Alger Am. Small Capitalization
01
2005
7.075
8.179
0
Alger Am. Small Capitalization
01
2004
6.137
7.075
0
Alger Am. Small Capitalization
01
2003
4.360
6.137
0
Alger Am. Small Capitalization
01
2002
5.975
4.360
0
Alger Am. Small Capitalization
01
2001
8.572
5.975
0
Alger Am. Small Capitalization
01
2000
10.000
8.572
0
           
Alger Am. Small Capitalization
02
2005
7.031
8.115
0
Alger Am. Small Capitalization
02
2004
6.108
7.031
0
Alger Am. Small Capitalization
02
2003
4.345
6.108
0
Alger Am. Small Capitalization
02
2002
5.965
4.345
0
Alger Am. Small Capitalization
02
2001
8.570
5.965
0
Alger Am. Small Capitalization
02
2000
10.000
8.570
0
           
Alger Am. Small Capitalization
03
2005
7.001
8.073
2,324
Alger Am. Small Capitalization
03
2004
6.089
7.001
2,327
Alger Am. Small Capitalization
03
2003
4.336
6.089
3,452
Alger Am. Small Capitalization
03
2002
5.958
4.336
3,765
Alger Am. Small Capitalization
03
2001
8.569
5.958
3,007
Alger Am. Small Capitalization
03
2000
10.000
8.569
0
           
Alger Am. Small Capitalization
04
2005
6.957
8.010
4,911
Alger Am. Small Capitalization
04
2004
6.059
6.957
5,479
Alger Am. Small Capitalization
04
2003
4.322
6.059
5,886
Alger Am. Small Capitalization
04
2002
5.947
4.322
7,638
Alger Am. Small Capitalization
04
2001
8.567
5.947
6,911
Alger Am. Small Capitalization
04
2000
10.000
8.567
0
           
Alger Am. Small Capitalization
05
2005
6.928
7.968
9,169
Alger Am. Small Capitalization
05
2004
6.040
6.928
14,248
Alger Am. Small Capitalization
05
2003
4.312
6.040
16,468
Alger Am. Small Capitalization
05
2002
5.940
4.312
17,707
Alger Am. Small Capitalization
05
2001
8.565
5.940
20,590
Alger Am. Small Capitalization
05
2000
10.000
8.565
0
           
Alger Am. Small Capitalization
06
2005
6.884
7.906
5,784
Alger Am. Small Capitalization
06
2004
6.011
6.884
10,918
Alger Am. Small Capitalization
06
2003
4.298
6.011
15,139
Alger Am. Small Capitalization
06
2002
5.930
4.298
17,008
Alger Am. Small Capitalization
06
2001
8.563
5.930
16,144
Alger Am. Small Capitalization
06
2000
10.000
8.563
0
           
Alliance Bernstein Global Technology Portfolio
01
2005
6.880
7.052
0
Alliance Bernstein Global Technology Portfolio
01
2004
6.620
6.880
0
Alliance Bernstein Global Technology Portfolio
01
2003
4.655
6.620
0
Alliance Bernstein Global Technology Portfolio
01
2002
8.088
4.655
0
Alliance Bernstein Global Technology Portfolio
01
2001
10.000
8.088
0
           
Alliance Bernstein Global Technology Portfolio
02
2005
6.841
7.002
0
Alliance Bernstein Global Technology Portfolio
02
2004
6.593
6.841
0
Alliance Bernstein Global Technology Portfolio
02
2003
4.643
6.593
0
Alliance Bernstein Global Technology Portfolio
02
2002
8.080
4.643
0
Alliance Bernstein Global Technology Portfolio
02
2001
10.000
8.080
0
           
Alliance Bernstein Global Technology Portfolio
03
2005
6.816
6.969
15,358
Alliance Bernstein Global Technology Portfolio
03
2004
6.575
6.816
11,842
Alliance Bernstein Global Technology Portfolio
03
2003
4.635
6.575
13,267
Alliance Bernstein Global Technology Portfolio
03
2002
8.074
4.635
11,863
Alliance Bernstein Global Technology Portfolio
03
2001
10.000
8.074
9,512
           
Alliance Bernstein Global Technology Portfolio
04
2005
6.778
6.920
3,134
Alliance Bernstein Global Technology Portfolio
04
2004
6.548
6.778
3,129
Alliance Bernstein Global Technology Portfolio
04
2003
4.623
6.548
7,179
Alliance Bernstein Global Technology Portfolio
04
2002
8.066
4.623
7,051
Alliance Bernstein Global Technology Portfolio
04
2001
10.000
8.066
6,879
           
Alliance Bernstein Global Technology Portfolio
05
2005
6.753
6.887
18,361
Alliance Bernstein Global Technology Portfolio
05
2004
6.531
6.753
22,546
Alliance Bernstein Global Technology Portfolio
05
2003
4.615
6.531
21,959
Alliance Bernstein Global Technology Portfolio
05
2002
8.061
4.615
27,010
Alliance Bernstein Global Technology Portfolio
05
2001
10.000
8.061
14,349
           
Alliance Bernstein Global Technology Portfolio
06
2005
6.715
6.838
9,601
Alliance Bernstein Global Technology Portfolio
06
2004
6.504
6.715
9,681
Alliance Bernstein Global Technology Portfolio
06
2003
4.604
6.504
10,068
Alliance Bernstein Global Technology Portfolio
06
2002
8.053
4.604
12,721
Alliance Bernstein Global Technology Portfolio
06
2001
10.000
8.053
6,845
           
Alliance Bernstein Large Cap Growth Portfolio
01
2005
7.663
8.704
0
Alliance Bernstein Large Cap Growth Portfolio
01
2004
7.151
7.663
0
Alliance Bernstein Large Cap Growth Portfolio
01
2003
5.861
7.151
0
Alliance Bernstein Large Cap Growth Portfolio
01
2002
8.569
5.861
0
Alliance Bernstein Large Cap Growth Portfolio
01
2001
10.000
8.569
0
           
Alliance Bernstein Large Cap Growth Portfolio
02
2005
7.620
8.642
0
Alliance Bernstein Large Cap Growth Portfolio
02
2004
7.122
7.620
0
Alliance Bernstein Large Cap Growth Portfolio
02
2003
5.846
7.122
0
Alliance Bernstein Large Cap Growth Portfolio
02
2002
8.561
5.846
0
Alliance Bernstein Large Cap Growth Portfolio
02
2001
10.000
8.561
0
           
Alliance Bernstein Large Cap Growth Portfolio
03
2005
7.592
8.601
90,730
Alliance Bernstein Large Cap Growth Portfolio
03
2004
7.103
7.592
87,995
Alliance Bernstein Large Cap Growth Portfolio
03
2003
5.836
7.103
99,173
Alliance Bernstein Large Cap Growth Portfolio
03
2002
8.555
5.836
63,528
Alliance Bernstein Large Cap Growth Portfolio
03
2001
10.000
8.555
39,576
           
Alliance Bernstein Large Cap Growth Portfolio
04
2005
7.549
8.540
14,507
Alliance Bernstein Large Cap Growth Portfolio
04
2004
7.074
7.549
17,424
Alliance Bernstein Large Cap Growth Portfolio
04
2003
5.822
7.074
24,629
Alliance Bernstein Large Cap Growth Portfolio
04
2002
8.546
5.822
28,973
Alliance Bernstein Large Cap Growth Portfolio
04
2001
10.000
8.546
5,873
           
Alliance Bernstein Large Cap Growth Portfolio
05
2005
7.521
8.500
12,196
Alliance Bernstein Large Cap Growth Portfolio
05
2004
7.055
7.521
16,954
Alliance Bernstein Large Cap Growth Portfolio
05
2003
5.812
7.055
15,220
Alliance Bernstein Large Cap Growth Portfolio
05
2002
8.540
5.812
21,528
Alliance Bernstein Large Cap Growth Portfolio
05
2001
10.000
8.540
9,430
           
Alliance Bernstein Large Cap Growth Portfolio
06
2005
7.479
8.440
28,374
Alliance Bernstein Large Cap Growth Portfolio
06
2004
7.026
7.479
34,369
Alliance Bernstein Large Cap Growth Portfolio
06
2003
5.797
7.026
34,678
Alliance Bernstein Large Cap Growth Portfolio
06
2002
8.532
5.797
30,528
Alliance Bernstein Large Cap Growth Portfolio
06
2001
10.000
8.532
9,982
           
Alliance Bernstein VP Growth and Income Portfolio
01
2005
10.256
10.610
0
Alliance Bernstein VP Growth and Income Portfolio
01
2004
9.324
10.256
0
Alliance Bernstein VP Growth and Income Portfolio
01
2003
7.132
9.324
0
Alliance Bernstein VP Growth and Income Portfolio
01
2002
9.277
7.132
0
Alliance Bernstein VP Growth and Income Portfolio
01
2001
10.000
9.277
0
           
Alliance Bernstein VP Growth and Income Portfolio
02
2005
10.199
10.535
6,090
Alliance Bernstein VP Growth and Income Portfolio
02
2004
9.287
10.199
6,350
Alliance Bernstein VP Growth and Income Portfolio
02
2003
7.114
9.287
6,425
Alliance Bernstein VP Growth and Income Portfolio
02
2002
9.268
7.114
5,393
Alliance Bernstein VP Growth and Income Portfolio
02
2001
10.000
9.268
0
           
Alliance Bernstein VP Growth and Income Portfolio
03
2005
10.161
10.485
107,968
Alliance Bernstein VP Growth and Income Portfolio
03
2004
9.261
10.161
118,742
Alliance Bernstein VP Growth and Income Portfolio
03
2003
7.102
9.261
152,624
Alliance Bernstein VP Growth and Income Portfolio
03
2002
9.262
7.102
142,999
Alliance Bernstein VP Growth and Income Portfolio
03
2001
10.000
9.262
54,984
           
Alliance Bernstein VP Growth and Income Portfolio
04
2005
10.105
10.411
91,896
Alliance Bernstein VP Growth and Income Portfolio
04
2004
9.224
10.105
108,111
Alliance Bernstein VP Growth and Income Portfolio
04
2003
7.084
9.224
108,824
Alliance Bernstein VP Growth and Income Portfolio
04
2002
9.252
7.084
108,108
Alliance Bernstein VP Growth and Income Portfolio
04
2001
10.000
9.252
56,140
           
Alliance Bernstein VP Growth and Income Portfolio
05
2005
10.067
10.362
68,652
Alliance Bernstein VP Growth and Income Portfolio
05
2004
9.199
10.067
78,582
Alliance Bernstein VP Growth and Income Portfolio
05
2003
7.072
9.199
76,650
Alliance Bernstein VP Growth and Income Portfolio
05
2002
9.246
7.072
93,555
Alliance Bernstein VP Growth and Income Portfolio
05
2001
10.000
9.246
38,677
           
Alliance Bernstein VP Growth and Income Portfolio
06
2005
10.011
10.288
108,769
Alliance Bernstein VP Growth and Income Portfolio
06
2004
9.161
10.011
115,469
Alliance Bernstein VP Growth and Income Portfolio
06
2003
7.054
9.161
114,007
Alliance Bernstein VP Growth and Income Portfolio
06
2002
9.237
7.054
125,827
Alliance Bernstein VP Growth and Income Portfolio
06
2001
10.000
9.237
58,788
           
Alliance Bernstein VP Small Cap Growth Portfolio
01
2005
10.531
10.921
0
Alliance Bernstein VP Small Cap Growth Portfolio
01
2004
9.309
10.531
0
Alliance Bernstein VP Small Cap Growth Portfolio
01
2003
6.331
9.309
0
Alliance Bernstein VP Small Cap Growth Portfolio
01
2002
9.423
6.331
0
Alliance Bernstein VP Small Cap Growth Portfolio
01
2001
10.000
9.423
0
           
Alliance Bernstein VP Small Cap Growth Portfolio
02
2005
10.472
10.844
0
Alliance Bernstein VP Small Cap Growth Portfolio
02
2004
9.272
10.472
0
Alliance Bernstein VP Small Cap Growth Portfolio
02
2003
6.315
9.272
0
Alliance Bernstein VP Small Cap Growth Portfolio
02
2002
9.414
6.315
0
Alliance Bernstein VP Small Cap Growth Portfolio
02
2001
10.000
9.414
0
           
Alliance Bernstein VP Small Cap Growth Portfolio
03
2005
10.433
10.793
60,849
Alliance Bernstein VP Small Cap Growth Portfolio
03
2004
9.246
10.433
72,057
Alliance Bernstein VP Small Cap Growth Portfolio
03
2003
6.304
9.246
191
Alliance Bernstein VP Small Cap Growth Portfolio
03
2002
9.407
6.304
218
Alliance Bernstein VP Small Cap Growth Portfolio
03
2001
10.000
9.407
192
           
Alliance Bernstein VP Small Cap Growth Portfolio
04
2005
10.375
10.717
0
Alliance Bernstein VP Small Cap Growth Portfolio
04
2004
9.209
10.375
0
Alliance Bernstein VP Small Cap Growth Portfolio
04
2003
6.288
9.209
0
Alliance Bernstein VP Small Cap Growth Portfolio
04
2002
9.398
6.288
0
Alliance Bernstein VP Small Cap Growth Portfolio
04
2001
10.000
9.398
0
           
Alliance Bernstein VP Small Cap Growth Portfolio
05
2005
10.337
10.666
4,698
Alliance Bernstein VP Small Cap Growth Portfolio
05
2004
9.184
10.337
4,700
Alliance Bernstein VP Small Cap Growth Portfolio
05
2003
6.278
9.184
3,105
Alliance Bernstein VP Small Cap Growth Portfolio
05
2002
9.391
6.278
3,456
Alliance Bernstein VP Small Cap Growth Portfolio
05
2001
10.000
9.391
679
           
Alliance Bernstein VP Small Cap Growth Portfolio
06
2005
10.279
10.590
10,955
Alliance Bernstein VP Small Cap Growth Portfolio
06
2004
9.147
10.279
7,080
Alliance Bernstein VP Small Cap Growth Portfolio
06
2003
6.262
9.147
4,318
Alliance Bernstein VP Small Cap Growth Portfolio
06
2002
9.382
6.262
4,636
Alliance Bernstein VP Small Cap Growth Portfolio
06
2001
10.000
9.382
0
           
Alliance Bernstein VP Worldwide Privatization Portfolio
01
2005
14.064
16.769
0
Alliance Bernstein VP Worldwide Privatization Portfolio
01
2004
11.471
14.064
0
Alliance Bernstein VP Worldwide Privatization Portfolio
01
2003
8.107
11.471
0
Alliance Bernstein VP Worldwide Privatization Portfolio
01
2002
8.562
8.107
0
Alliance Bernstein VP Worldwide Privatization Portfolio
01
2001
10.000
8.562
0
           
Alliance Bernstein VP Worldwide Privatization Portfolio
02
2005
13.986
16.650
0
Alliance Bernstein VP Worldwide Privatization Portfolio
02
2004
11.425
13.986
0
Alliance Bernstein VP Worldwide Privatization Portfolio
02
2003
8.086
11.425
0
Alliance Bernstein VP Worldwide Privatization Portfolio
02
2002
8.553
8.086
0
Alliance Bernstein VP Worldwide Privatization Portfolio
02
2001
10.000
8.553
0
           
Alliance Bernstein VP Worldwide Privatization Portfolio
03
2005
13.934
16.572
6,893
Alliance Bernstein VP Worldwide Privatization Portfolio
03
2004
11.394
13.934
3,964
Alliance Bernstein VP Worldwide Privatization Portfolio
03
2003
8.073
11.394
6,380
Alliance Bernstein VP Worldwide Privatization Portfolio
03
2002
8.547
8.073
8,723
Alliance Bernstein VP Worldwide Privatization Portfolio
03
2001
10.000
8.547
53
           
Alliance Bernstein VP Worldwide Privatization Portfolio
04
2005
13.857
16.454
15,493
Alliance Bernstein VP Worldwide Privatization Portfolio
04
2004
11.348
13.857
14,608
Alliance Bernstein VP Worldwide Privatization Portfolio
04
2003
8.052
11.348
17,548
Alliance Bernstein VP Worldwide Privatization Portfolio
04
2002
8.539
8.052
18,012
Alliance Bernstein VP Worldwide Privatization Portfolio
04
2001
10.000
8.539
301
           
Alliance Bernstein VP Worldwide Privatization Portfolio
05
2005
13.805
16.377
11,523
Alliance Bernstein VP Worldwide Privatization Portfolio
05
2004
11.317
13.805
8,674
Alliance Bernstein VP Worldwide Privatization Portfolio
05
2003
8.039
11.317
8,944
Alliance Bernstein VP Worldwide Privatization Portfolio
05
2002
8.533
8.039
9,086
Alliance Bernstein VP Worldwide Privatization Portfolio
05
2001
10.000
8.533
1,378
           
Alliance Bernstein VP Worldwide Privatization Portfolio
06
2005
13.728
16.260
4,094
Alliance Bernstein VP Worldwide Privatization Portfolio
06
2004
11.271
13.728
4,318
Alliance Bernstein VP Worldwide Privatization Portfolio
06
2003
8.018
11.271
2,448
Alliance Bernstein VP Worldwide Privatization Portfolio
06
2002
8.524
8.018
2,613
Alliance Bernstein VP Worldwide Privatization Portfolio
06
2001
10.000
8.524
1,035
           
Fidelity VIP Contrafund Portfolio
01
2005
12.239
14.120
0
Fidelity VIP Contrafund Portfolio
01
2004
10.746
12.239
0
Fidelity VIP Contrafund Portfolio
01
2003
8.476
10.746
0
Fidelity VIP Contrafund Portfolio
01
2002
9.481
8.476
0
Fidelity VIP Contrafund Portfolio
01
2001
10.000
9.481
0
           
Fidelity VIP Contrafund Portfolio
02
2005
12.171
14.020
867
Fidelity VIP Contrafund Portfolio
02
2004
10.703
12.171
905
Fidelity VIP Contrafund Portfolio
02
2003
8.454
10.703
915
Fidelity VIP Contrafund Portfolio
02
2002
9.471
8.454
0
Fidelity VIP Contrafund Portfolio
02
2001
10.000
9.471
0
           
Fidelity VIP Contrafund Portfolio
03
2005
12.126
13.954
41,010
Fidelity VIP Contrafund Portfolio
03
2004
10.674
12.126
33,791
Fidelity VIP Contrafund Portfolio
03
2003
8.440
10.674
37,697
Fidelity VIP Contrafund Portfolio
03
2002
9.465
8.440
36,334
Fidelity VIP Contrafund Portfolio
03
2001
10.000
9.465
3,060
           
Fidelity VIP Contrafund Portfolio
04
2005
12.058
13.855
34,190
Fidelity VIP Contrafund Portfolio
04
2004
10.631
12.058
31,913
Fidelity VIP Contrafund Portfolio
04
2003
8.419
10.631
24,907
Fidelity VIP Contrafund Portfolio
04
2002
9.455
8.419
22,087
Fidelity VIP Contrafund Portfolio
04
2001
10.000
9.455
1,909
           
Fidelity VIP Contrafund Portfolio
05
2005
12.013
13.789
28,218
Fidelity VIP Contrafund Portfolio
05
2004
10.602
12.013
41,746
Fidelity VIP Contrafund Portfolio
05
2003
8.404
10.602
36,579
Fidelity VIP Contrafund Portfolio
05
2002
9.449
8.404
45,028
Fidelity VIP Contrafund Portfolio
05
2001
10.000
9.449
19,047
           
Fidelity VIP Contrafund Portfolio
06
2005
11.946
13.691
43,858
Fidelity VIP Contrafund Portfolio
06
2004
10.559
11.946
58,304
Fidelity VIP Contrafund Portfolio
06
2003
8.383
10.559
36,256
Fidelity VIP Contrafund Portfolio
06
2002
9.439
8.383
36,060
Fidelity VIP Contrafund Portfolio
06
2001
10.000
9.439
7,451
           
Fidelity VIP Growth Portfolio
01
2005
8.013
8.362
0
Fidelity VIP Growth Portfolio
01
2004
7.857
8.013
0
Fidelity VIP Growth Portfolio
01
2003
5.994
7.857
0
Fidelity VIP Growth Portfolio
01
2002
8.695
5.994
0
Fidelity VIP Growth Portfolio
01
2001
10.000
8.695
0
           
Fidelity VIP Growth Portfolio
02
2005
7.969
8.302
23,533
Fidelity VIP Growth Portfolio
02
2004
7.826
7.969
28,309
Fidelity VIP Growth Portfolio
02
2003
5.979
7.826
33,774
Fidelity VIP Growth Portfolio
02
2002
8.686
5.979
30,617
Fidelity VIP Growth Portfolio
02
2001
10.000
8.686
0
           
Fidelity VIP Growth Portfolio
03
2005
7.939
8.263
234,127
Fidelity VIP Growth Portfolio
03
2004
7.804
7.939
249,168
Fidelity VIP Growth Portfolio
03
2003
5.969
7.804
227,690
Fidelity VIP Growth Portfolio
03
2002
8.680
5.969
183,471
Fidelity VIP Growth Portfolio
03
2001
10.000
8.680
37,637
           
Fidelity VIP Growth Portfolio
04
2005
7.895
8.205
86,929
Fidelity VIP Growth Portfolio
04
2004
7.773
7.895
98,579
Fidelity VIP Growth Portfolio
04
2003
5.954
7.773
84,435
Fidelity VIP Growth Portfolio
04
2002
8.672
5.954
66,896
Fidelity VIP Growth Portfolio
04
2001
10.000
8.672
43,203
           
Fidelity VIP Growth Portfolio
05
2005
7.865
8.166
127,370
Fidelity VIP Growth Portfolio
05
2004
7.752
7.865
139,484
Fidelity VIP Growth Portfolio
05
2003
5.944
7.752
120,517
Fidelity VIP Growth Portfolio
05
2002
8.666
5.944
112,162
Fidelity VIP Growth Portfolio
05
2001
10.000
8.666
82,006
           
Fidelity VIP Growth Portfolio
06
2005
7.822
8.108
197,469
Fidelity VIP Growth Portfolio
06
2004
7.720
7.822
206,617
Fidelity VIP Growth Portfolio
06
2003
5.928
7.720
169,142
Fidelity VIP Growth Portfolio
06
2002
8.657
5.928
141,862
Fidelity VIP Growth Portfolio
06
2001
10.000
8.657
70,911
           
Fidelity VIP Overseas Portfolio
01
2005
10.050
11.807
0
Fidelity VIP Overseas Portfolio
01
2004
8.968
10.050
0
Fidelity VIP Overseas Portfolio
01
2003
6.340
8.968
0
Fidelity VIP Overseas Portfolio
01
2002
8.059
6.340
0
Fidelity VIP Overseas Portfolio
01
2001
10.000
8.059
0
           
Fidelity VIP Overseas Portfolio
02
2005
9.995
11.724
0
Fidelity VIP Overseas Portfolio
02
2004
8.932
9.995
0
Fidelity VIP Overseas Portfolio
02
2003
6.324
8.932
0
Fidelity VIP Overseas Portfolio
02
2002
8.051
6.324
0
Fidelity VIP Overseas Portfolio
02
2001
10.000
8.051
0
           
Fidelity VIP Overseas Portfolio
03
2005
9.957
11.668
30,479
Fidelity VIP Overseas Portfolio
03
2004
8.908
9.957
31,126
Fidelity VIP Overseas Portfolio
03
2003
6.313
8.908
33,068
Fidelity VIP Overseas Portfolio
03
2002
8.045
6.313
42,787
Fidelity VIP Overseas Portfolio
03
2001
10.000
8.045
29,969
           
Fidelity VIP Overseas Portfolio
04
2005
9.902
11.586
22,671
Fidelity VIP Overseas Portfolio
04
2004
8.872
9.902
25,624
Fidelity VIP Overseas Portfolio
04
2003
6.297
8.872
24,174
Fidelity VIP Overseas Portfolio
04
2002
8.037
6.297
25,716
Fidelity VIP Overseas Portfolio
04
2001
10.000
8.037
40,485
           
Fidelity VIP Overseas Portfolio
05
2005
9.865
11.531
12,396
Fidelity VIP Overseas Portfolio
05
2004
8.848
9.865
13,181
Fidelity VIP Overseas Portfolio
05
2003
6.286
8.848
14,766
Fidelity VIP Overseas Portfolio
05
2002
8.031
6.286
17,932
Fidelity VIP Overseas Portfolio
05
2001
10.000
8.031
76,564
           
Fidelity VIP Overseas Portfolio
06
2005
9.810
11.449
23,395
Fidelity VIP Overseas Portfolio
06
2004
8.812
9.810
25,254
Fidelity VIP Overseas Portfolio
06
2003
6.270
8.812
32,021
Fidelity VIP Overseas Portfolio
06
2002
8.023
6.270
29,705
Fidelity VIP Overseas Portfolio
06
2001
10.000
8.023
60,172
           
First Eagle VFT Overseas Variable Series
01
2005
20.999
25.224
0
First Eagle VFT Overseas Variable Series
01
2004
16.661
20.999
0
First Eagle VFT Overseas Variable Series
01
2003
11.150
16.661
0
First Eagle VFT Overseas Variable Series
01
2002
10.000
11.150
0
           
First Eagle VFT Overseas Variable Series
02
2005
20.927
25.100
20,156
First Eagle VFT Overseas Variable Series
02
2004
16.629
20.927
25,838
First Eagle VFT Overseas Variable Series
02
2003
11.146
16.629
34,888
First Eagle VFT Overseas Variable Series
02
2002
10.000
11.146
29,166
           
First Eagle VFT Overseas Variable Series
03
2005
20.879
25.018
182,055
First Eagle VFT Overseas Variable Series
03
2004
16.608
20.879
183,810
First Eagle VFT Overseas Variable Series
03
2003
11.143
16.608
195,693
First Eagle VFT Overseas Variable Series
03
2002
10.000
11.143
135,235
           
First Eagle VFT Overseas Variable Series
04
2005
20.808
24.894
66,811
First Eagle VFT Overseas Variable Series
04
2004
16.576
20.808
80,206
First Eagle VFT Overseas Variable Series
04
2003
11.139
16.576
71,216
First Eagle VFT Overseas Variable Series
04
2002
10.000
11.139
61,935
           
First Eagle VFT Overseas Variable Series
05
2005
20.760
24.812
87,859
First Eagle VFT Overseas Variable Series
05
2004
16.555
20.760
108,792
First Eagle VFT Overseas Variable Series
05
2003
11.136
16.555
103,759
First Eagle VFT Overseas Variable Series
05
2002
10.000
11.136
90,207
           
First Eagle VFT Overseas Variable Series
06
2005
20.689
24.690
124,834
First Eagle VFT Overseas Variable Series
06
2004
16.524
20.689
138,159
First Eagle VFT Overseas Variable Series
06
2003
11.132
16.524
135,853
First Eagle VFT Overseas Variable Series
06
2002
10.000
11.132
123,476
           
Goldman Sachs V.I.T. Core International Equity Fund
01
2005
9.037
10.162
0
Goldman Sachs V.I.T. Core International Equity Fund
01
2004
8.052
9.037
0
Goldman Sachs V.I.T. Core International Equity Fund
01
2003
6.009
8.052
0
Goldman Sachs V.I.T. Core International Equity Fund
01
2002
7.440
6.009
0
Goldman Sachs V.I.T. Core International Equity Fund
01
2001
9.677
7.440
0
Goldman Sachs V.I.T. Core International Equity Fund
01
2000
10.000
9.677
0
           
Goldman Sachs V.I.T. Core International Equity Fund
02
2005
8.980
10.083
0
Goldman Sachs V.I.T. Core International Equity Fund
02
2004
8.013
8.980
0
Goldman Sachs V.I.T. Core International Equity Fund
02
2003
5.989
8.013
0
Goldman Sachs V.I.T. Core International Equity Fund
02
2002
7.427
5.989
0
Goldman Sachs V.I.T. Core International Equity Fund
02
2001
9.675
7.427
0
Goldman Sachs V.I.T. Core International Equity Fund
02
2000
10.000
9.675
0
           
Goldman Sachs V.I.T. Core International Equity Fund
03
2005
8.942
10.031
256
Goldman Sachs V.I.T. Core International Equity Fund
03
2004
7.988
8.942
573
Goldman Sachs V.I.T. Core International Equity Fund
03
2003
5.976
7.988
580
Goldman Sachs V.I.T. Core International Equity Fund
03
2002
7.418
5.976
601
Goldman Sachs V.I.T. Core International Equity Fund
03
2001
9.674
7.418
588
Goldman Sachs V.I.T. Core International Equity Fund
03
2000
10.000
9.674
0
           
Goldman Sachs V.I.T. Core International Equity Fund
04
2005
8.886
9.952
6,432
Goldman Sachs V.I.T. Core International Equity Fund
04
2004
7.949
8.886
7,393
Goldman Sachs V.I.T. Core International Equity Fund
04
2003
5.956
7.949
7,809
Goldman Sachs V.I.T. Core International Equity Fund
04
2002
7.405
5.956
8,357
Goldman Sachs V.I.T. Core International Equity Fund
04
2001
9.672
7.405
9,386
Goldman Sachs V.I.T. Core International Equity Fund
04
2000
10.000
9.672
0
           
Goldman Sachs V.I.T. Core International Equity Fund
05
2005
8.848
9.900
7,714
Goldman Sachs V.I.T. Core International Equity Fund
05
2004
7.924
8.848
10,657
Goldman Sachs V.I.T. Core International Equity Fund
05
2003
5.943
7.924
11,154
Goldman Sachs V.I.T. Core International Equity Fund
05
2002
7.396
5.943
14,569
Goldman Sachs V.I.T. Core International Equity Fund
05
2001
9.670
7.396
16,737
Goldman Sachs V.I.T. Core International Equity Fund
05
2000
10.000
9.670
0
           
Goldman Sachs V.I.T. Core International Equity Fund
06
2005
8.792
9.823
6,640
Goldman Sachs V.I.T. Core International Equity Fund
06
2004
7.886
8.792
6,641
Goldman Sachs V.I.T. Core International Equity Fund
06
2003
5.924
7.886
6,667
Goldman Sachs V.I.T. Core International Equity Fund
06
2002
7.383
5.924
9,537
Goldman Sachs V.I.T. Core International Equity Fund
06
2001
9.668
7.383
8,492
Goldman Sachs V.I.T. Core International Equity Fund
06
2000
10.000
9.668
0
           
Goldman Sachs V.I.T. Core Small Cap Equity Fund
01
2005
14.176
14.872
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
01
2004
12.323
14.176
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
01
2003
8.534
12.323
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
01
2002
10.147
8.534
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
01
2001
9.816
10.147
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
01
2000
10.000
9.816
0
           
Goldman Sachs V.I.T. Core Small Cap Equity Fund
02
2005
14.087
14.756
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
02
2004
12.264
14.087
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
02
2003
8.506
12.264
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
02
2002
10.130
8.506
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
02
2001
9.814
10.130
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
02
2000
10.000
9.814
0
           
Goldman Sachs V.I.T. Core Small Cap Equity Fund
03
2005
14.028
14.679
1,334
Goldman Sachs V.I.T. Core Small Cap Equity Fund
03
2004
12.225
14.028
2,691
Goldman Sachs V.I.T. Core Small Cap Equity Fund
03
2003
8.487
12.225
2,759
Goldman Sachs V.I.T. Core Small Cap Equity Fund
03
2002
10.118
8.487
3,130
Goldman Sachs V.I.T. Core Small Cap Equity Fund
03
2001
9.813
10.118
2,395
Goldman Sachs V.I.T. Core Small Cap Equity Fund
03
2000
10.000
9.813
0
Goldman Sachs V.I.T. Core Small Cap Equity Fund
04
2005
13.940
14.564
2,116
Goldman Sachs V.I.T. Core Small Cap Equity Fund
04
2004
12.166
13.940
2,636
Goldman Sachs V.I.T. Core Small Cap Equity Fund
04
2003
8.459
12.166
2,737
Goldman Sachs V.I.T. Core Small Cap Equity Fund
04
2002
10.100
8.459
2,861
Goldman Sachs V.I.T. Core Small Cap Equity Fund
04
2001
9.810
10.100
2,983
Goldman Sachs V.I.T. Core Small Cap Equity Fund
04
2000
10.000
9.810
0
           
Goldman Sachs V.I.T. Core Small Cap Equity Fund
05
2005
13.881
14.488
3,455
Goldman Sachs V.I.T. Core Small Cap Equity Fund
05
2004
12.127
13.881
3,855
Goldman Sachs V.I.T. Core Small Cap Equity Fund
05
2003
8.441
12.127
3,910
Goldman Sachs V.I.T. Core Small Cap Equity Fund
05
2002
10.088
8.441
5,675
Goldman Sachs V.I.T. Core Small Cap Equity Fund
05
2001
9.809
10.088
4,751
Goldman Sachs V.I.T. Core Small Cap Equity Fund
05
2000
10.000
9.809
0
           
Goldman Sachs V.I.T. Core Small Cap Equity Fund
06
2005
13.793
14.375
3,835
Goldman Sachs V.I.T. Core Small Cap Equity Fund
06
2004
12.069
13.793
3,835
Goldman Sachs V.I.T. Core Small Cap Equity Fund
06
2003
8.413
12.069
4,024
Goldman Sachs V.I.T. Core Small Cap Equity Fund
06
2002
10.070
8.413
4,025
Goldman Sachs V.I.T. Core Small Cap Equity Fund
06
2001
9.807
10.070
4,953
Goldman Sachs V.I.T. Core Small Cap Equity Fund
06
2000
10.000
9.807
0
           
Goldman Sachs V.I.T. Core U.S. Equity Fund
01
2005
8.977
9.457
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
01
2004
7.897
8.977
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
01
2003
6.167
7.897
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
01
2002
7.984
6.167
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
01
2001
9.168
7.984
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
01
2000
10.000
9.168
0
           
Goldman Sachs V.I.T. Core U.S. Equity Fund
02
2005
8.921
9.383
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
02
2004
7.859
8.921
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
02
2003
6.147
7.859
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
02
2002
7.970
6.147
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
02
2001
9.166
7.970
0
Goldman Sachs V.I.T. Core U.S. Equity Fund
02
2000
10.000
9.166
0
           
Goldman Sachs V.I.T. Core U.S. Equity Fund
03
2005
8.883
9.334
9,415
Goldman Sachs V.I.T. Core U.S. Equity Fund
03
2004
7.834
8.883
10,763
Goldman Sachs V.I.T. Core U.S. Equity Fund
03
2003
6.134
7.834
29,272
Goldman Sachs V.I.T. Core U.S. Equity Fund
03
2002
7.961
6.134
40,107
Goldman Sachs V.I.T. Core U.S. Equity Fund
03
2001
9.165
7.961
28,867
Goldman Sachs V.I.T. Core U.S. Equity Fund
03
2000
10.000
9.165
0
           
Goldman Sachs V.I.T. Core U.S. Equity Fund
04
2005
8.827
9.261
14,628
Goldman Sachs V.I.T. Core U.S. Equity Fund
04
2004
7.797
8.827
17,971
Goldman Sachs V.I.T. Core U.S. Equity Fund
04
2003
6.113
7.797
18,737
Goldman Sachs V.I.T. Core U.S. Equity Fund
04
2002
7.947
6.113
16,925
Goldman Sachs V.I.T. Core U.S. Equity Fund
04
2001
9.163
7.947
16,409
Goldman Sachs V.I.T. Core U.S. Equity Fund
04
2000
10.000
9.163
621
           
Goldman Sachs V.I.T. Core U.S. Equity Fund
05
2005
8.790
9.213
13,995
Goldman Sachs V.I.T. Core U.S. Equity Fund
05
2004
7.772
8.790
21,096
Goldman Sachs V.I.T. Core U.S. Equity Fund
05
2003
6.100
7.772
10,423
Goldman Sachs V.I.T. Core U.S. Equity Fund
05
2002
7.937
6.100
20,498
Goldman Sachs V.I.T. Core U.S. Equity Fund
05
2001
9.161
7.937
32,602
Goldman Sachs V.I.T. Core U.S. Equity Fund
05
2000
10.000
9.161
0
           
Goldman Sachs V.I.T. Core U.S. Equity Fund
06
2005
8.734
9.141
9,606
Goldman Sachs V.I.T. Core U.S. Equity Fund
06
2004
7.735
8.734
8,685
Goldman Sachs V.I.T. Core U.S. Equity Fund
06
2003
6.080
7.735
9,445
Goldman Sachs V.I.T. Core U.S. Equity Fund
06
2002
7.923
6.080
8,712
Goldman Sachs V.I.T. Core U.S. Equity Fund
06
2001
9.159
7.923
4,173
Goldman Sachs V.I.T. Core U.S. Equity Fund
06
2000
10.000
9.159
0
           
Goldman Sachs V.I.T. Growth and Income Fund
01
2005
10.751
11.051
0
Goldman Sachs V.I.T. Growth and Income Fund
01
2004
9.151
10.751
0
Goldman Sachs V.I.T. Growth and Income Fund
01
2003
7.440
9.151
0
Goldman Sachs V.I.T. Growth and Income Fund
01
2002
8.485
7.440
0
Goldman Sachs V.I.T. Growth and Income Fund
01
2001
9.464
8.485
0
Goldman Sachs V.I.T. Growth and Income Fund
01
2000
10.000
9.464
0
           
Goldman Sachs V.I.T. Growth and Income Fund
02
2005
10.684
10.965
0
Goldman Sachs V.I.T. Growth and Income Fund
02
2004
9.107
10.684
0
Goldman Sachs V.I.T. Growth and Income Fund
02
2003
7.416
9.107
0
Goldman Sachs V.I.T. Growth and Income Fund
02
2002
8.470
7.416
0
Goldman Sachs V.I.T. Growth and Income Fund
02
2001
9.462
8.470
0
Goldman Sachs V.I.T. Growth and Income Fund
02
2000
10.000
9.462
0
           
Goldman Sachs V.I.T. Growth and Income Fund
03
2005
10.639
10.908
497
Goldman Sachs V.I.T. Growth and Income Fund
03
2004
9.078
10.639
498
Goldman Sachs V.I.T. Growth and Income Fund
03
2003
7.400
9.078
500
Goldman Sachs V.I.T. Growth and Income Fund
03
2002
8.460
7.400
502
Goldman Sachs V.I.T. Growth and Income Fund
03
2001
9.460
8.460
413
Goldman Sachs V.I.T. Growth and Income Fund
03
2000
10.000
9.460
0
           
Goldman Sachs V.I.T. Growth and Income Fund
04
2005
10.572
10.823
5,026
Goldman Sachs V.I.T. Growth and Income Fund
04
2004
9.035
10.572
4,240
Goldman Sachs V.I.T. Growth and Income Fund
04
2003
7.376
9.035
4,478
Goldman Sachs V.I.T. Growth and Income Fund
04
2002
8.446
7.376
4,360
Goldman Sachs V.I.T. Growth and Income Fund
04
2001
9.458
8.446
4,853
Goldman Sachs V.I.T. Growth and Income Fund
04
2000
10.000
9.458
0
           
Goldman Sachs V.I.T. Growth and Income Fund
05
2005
10.527
10.766
6,041
Goldman Sachs V.I.T. Growth and Income Fund
05
2004
9.006
10.527
1,408
Goldman Sachs V.I.T. Growth and Income Fund
05
2003
7.360
9.006
1,411
Goldman Sachs V.I.T. Growth and Income Fund
05
2002
8.436
7.360
2,439
Goldman Sachs V.I.T. Growth and Income Fund
05
2001
9.457
8.436
2,516
Goldman Sachs V.I.T. Growth and Income Fund
05
2000
10.000
9.457
0
           
Goldman Sachs V.I.T. Growth and Income Fund
06
2005
10.461
10.682
0
Goldman Sachs V.I.T. Growth and Income Fund
06
2004
8.963
10.461
0
Goldman Sachs V.I.T. Growth and Income Fund
06
2003
7.335
8.963
0
Goldman Sachs V.I.T. Growth and Income Fund
06
2002
8.421
7.335
0
Goldman Sachs V.I.T. Growth and Income Fund
06
2001
9.455
8.421
0
Goldman Sachs V.I.T. Growth and Income Fund
06
2000
10.000
9.455
0
           
Goldman Sachs VIT Capital Growth Fund
01
2005
8.728
8.887
0
Goldman Sachs VIT Capital Growth Fund
01
2004
8.090
8.728
0
Goldman Sachs VIT Capital Growth Fund
01
2003
6.611
8.090
0
Goldman Sachs VIT Capital Growth Fund
01
2002
8.834
6.611
0
Goldman Sachs VIT Capital Growth Fund
01
2001
10.000
8.834
0
           
Goldman Sachs VIT Capital Growth Fund
02
2005
8.680
8.824
0
Goldman Sachs VIT Capital Growth Fund
02
2004
8.058
8.680
0
Goldman Sachs VIT Capital Growth Fund
02
2003
6.594
8.058
0
Goldman Sachs VIT Capital Growth Fund
02
2002
8.825
6.594
0
Goldman Sachs VIT Capital Growth Fund
02
2001
10.000
8.825
0
           
Goldman Sachs VIT Capital Growth Fund
03
2005
8.648
8.782
1,402
Goldman Sachs VIT Capital Growth Fund
03
2004
8.036
8.648
5,822
Goldman Sachs VIT Capital Growth Fund
03
2003
6.583
8.036
2,906
Goldman Sachs VIT Capital Growth Fund
03
2002
8.819
6.583
2,785
Goldman Sachs VIT Capital Growth Fund
03
2001
10.000
8.819
2,348
           
Goldman Sachs VIT Capital Growth Fund
04
2005
8.599
8.720
4,980
Goldman Sachs VIT Capital Growth Fund
04
2004
8.003
8.599
11,033
Goldman Sachs VIT Capital Growth Fund
04
2003
6.566
8.003
5,337
Goldman Sachs VIT Capital Growth Fund
04
2002
8.810
6.566
5,141
Goldman Sachs VIT Capital Growth Fund
04
2001
10.000
8.810
4,605
           
Goldman Sachs VIT Capital Growth Fund
05
2005
8.567
8.679
5,168
Goldman Sachs VIT Capital Growth Fund
05
2004
7.982
8.567
39,426
Goldman Sachs VIT Capital Growth Fund
05
2003
6.555
7.982
26,449
Goldman Sachs VIT Capital Growth Fund
05
2002
8.804
6.555
25,770
Goldman Sachs VIT Capital Growth Fund
05
2001
10.000
8.804
7,174
           
Goldman Sachs VIT Capital Growth Fund
06
2005
8.519
8.617
3,731
Goldman Sachs VIT Capital Growth Fund
06
2004
7.949
8.519
4,711
Goldman Sachs VIT Capital Growth Fund
06
2003
6.539
7.949
4,281
Goldman Sachs VIT Capital Growth Fund
06
2002
8.795
6.539
4,469
Goldman Sachs VIT Capital Growth Fund
06
2001
10.000
8.795
1,110
           
J.P. Morgan International Opp
01
2005
9.551
10.457
0
J.P. Morgan International Opp
01
2004
8.159
9.551
0
J.P. Morgan International Opp
01
2003
6.229
8.159
0
J.P. Morgan International Opp
01
2002
7.710
6.229
0
J.P. Morgan International Opp
01
2001
9.641
7.710
0
J.P. Morgan International Opp
01
2000
10.000
9.641
0
           
J.P. Morgan International Opp
02
2005
9.491
10.375
0
J.P. Morgan International Opp
02
2004
8.120
9.491
0
J.P. Morgan International Opp
02
2003
6.208
8.120
0
J.P. Morgan International Opp
02
2002
7.696
6.208
0
J.P. Morgan International Opp
02
2001
9.639
7.696
0
J.P. Morgan International Opp
02
2000
10.000
9.639
0
           
J.P. Morgan International Opp
03
2005
9.451
10.321
0
J.P. Morgan International Opp
03
2004
8.094
9.451
2,792
J.P. Morgan International Opp
03
2003
6.195
8.094
2,794
J.P. Morgan International Opp
03
2002
7.687
6.195
2,923
J.P. Morgan International Opp
03
2001
9.638
7.687
2,926
J.P. Morgan International Opp
03
2000
10.000
9.638
0
           
J.P. Morgan International Opp
04
2005
9.392
10.240
1,071
J.P. Morgan International Opp
04
2004
8.055
9.392
2,955
J.P. Morgan International Opp
04
2003
6.175
8.055
3,030
J.P. Morgan International Opp
04
2002
7.674
6.175
3,832
J.P. Morgan International Opp
04
2001
9.636
7.674
5,171
J.P. Morgan International Opp
04
2000
10.000
9.636
0
           
J.P. Morgan International Opp
05
2005
9.352
10.187
3,593
J.P. Morgan International Opp
05
2004
8.029
9.352
7,727
J.P. Morgan International Opp
05
2003
6.161
8.029
7,827
J.P. Morgan International Opp
05
2002
7.665
6.161
7,884
J.P. Morgan International Opp
05
2001
9.634
7.665
11,442
J.P. Morgan International Opp
05
2000
10.000
9.634
0
           
J.P. Morgan International Opp
06
2005
9.293
10.107
2,602
J.P. Morgan International Opp
06
2004
7.991
9.293
2,648
J.P. Morgan International Opp
06
2003
6.141
7.991
2,908
J.P. Morgan International Opp
06
2002
7.651
6.141
2,972
J.P. Morgan International Opp
06
2001
9.632
7.651
3,661
J.P. Morgan International Opp
06
2000
10.000
9.632
0
           
J.P. Morgan Small Company
01
2005
11.059
11.311
0
J.P. Morgan Small Company
01
2004
8.793
11.059
0
J.P. Morgan Small Company
01
2003
6.538
8.793
0
J.P. Morgan Small Company
01
2002
8.438
6.538
0
J.P. Morgan Small Company
01
2001
9.277
8.438
0
J.P. Morgan Small Company
01
2000
10.000
9.277
0
           
J.P. Morgan Small Company
02
2005
10.989
11.223
0
J.P. Morgan Small Company
02
2004
8.751
10.989
0
J.P. Morgan Small Company
02
2003
6.517
8.751
0
J.P. Morgan Small Company
02
2002
8.423
6.517
0
J.P. Morgan Small Company
02
2001
9.275
8.423
0
J.P. Morgan Small Company
02
2000
10.000
9.275
0
           
J.P. Morgan Small Company
03
2005
10.943
11.165
632
J.P. Morgan Small Company
03
2004
8.723
10.943
2,355
J.P. Morgan Small Company
03
2003
6.503
8.723
2,568
J.P. Morgan Small Company
03
2002
8.414
6.503
2,714
J.P. Morgan Small Company
03
2001
9.274
8.414
2,018
J.P. Morgan Small Company
03
2000
10.000
9.274
0
           
J.P. Morgan Small Company
04
2005
10.874
11.077
79
J.P. Morgan Small Company
04
2004
8.681
10.874
58
J.P. Morgan Small Company
04
2003
6.481
8.681
65
J.P. Morgan Small Company
04
2002
8.399
6.481
163
J.P. Morgan Small Company
04
2001
9.272
8.399
526
J.P. Morgan Small Company
04
2000
10.000
9.272
0
           
J.P. Morgan Small Company
05
2005
10.828
11.020
8,673
J.P. Morgan Small Company
05
2004
8.654
10.828
9,968
J.P. Morgan Small Company
05
2003
6.467
8.654
11,226
J.P. Morgan Small Company
05
2002
8.389
6.467
14,044
J.P. Morgan Small Company
05
2001
9.271
8.389
18,469
J.P. Morgan Small Company
05
2000
10.000
9.271
0
           
J.P. Morgan Small Company
06
2005
10.760
10.933
4,317
J.P. Morgan Small Company
06
2004
8.612
10.760
5,722
J.P. Morgan Small Company
06
2003
6.446
8.612
5,942
J.P. Morgan Small Company
06
2002
8.374
6.446
8,810
J.P. Morgan Small Company
06
2001
9.269
8.374
7,915
J.P. Morgan Small Company
06
2000
10.000
9.269
0
           
JP Morgan US Large Core Equity
01
2005
8.247
8.267
0
JP Morgan US Large Core Equity
01
2004
7.617
8.247
0
JP Morgan US Large Core Equity
01
2003
6.010
7.617
0
JP Morgan US Large Core Equity
01
2002
8.062
6.010
0
JP Morgan US Large Core Equity
01
2001
9.255
8.062
0
JP Morgan US Large Core Equity
01
2000
10.000
9.255
0
           
JP Morgan US Large Core Equity
02
2005
8.195
8.203
0
JP Morgan US Large Core Equity
02
2004
7.580
8.195
0
JP Morgan US Large Core Equity
02
2003
5.990
7.580
0
JP Morgan US Large Core Equity
02
2002
8.048
5.990
0
JP Morgan US Large Core Equity
02
2001
9.253
8.048
0
JP Morgan US Large Core Equity
02
2000
10.000
9.253
0
           
JP Morgan US Large Core Equity
03
2005
8.161
8.160
0
JP Morgan US Large Core Equity
03
2004
7.556
8.161
665
JP Morgan US Large Core Equity
03
2003
5.977
7.556
1,098
JP Morgan US Large Core Equity
03
2002
8.039
5.977
1,229
JP Morgan US Large Core Equity
03
2001
9.251
8.039
1,232
JP Morgan US Large Core Equity
03
2000
10.000
9.251
0
           
JP Morgan US Large Core Equity
04
2005
8.109
8.096
1,666
JP Morgan US Large Core Equity
04
2004
7.520
8.109
6,386
JP Morgan US Large Core Equity
04
2003
5.958
7.520
7,755
JP Morgan US Large Core Equity
04
2002
8.025
5.958
8,205
JP Morgan US Large Core Equity
04
2001
9.249
8.025
8,539
JP Morgan US Large Core Equity
04
2000
10.000
9.249
619
           
JP Morgan US Large Core Equity
05
2005
8.075
8.054
2,014
JP Morgan US Large Core Equity
05
2004
7.496
8.075
2,017
JP Morgan US Large Core Equity
05
2003
5.945
7.496
1,745
JP Morgan US Large Core Equity
05
2002
8.015
5.945
6,224
JP Morgan US Large Core Equity
05
2001
9.248
8.015
2,285
JP Morgan US Large Core Equity
05
2000
10.000
9.248
0
           
JP Morgan US Large Core Equity
06
2005
8.024
7.991
0
JP Morgan US Large Core Equity
06
2004
7.460
8.024
0
JP Morgan US Large Core Equity
06
2003
5.925
7.460
0
JP Morgan US Large Core Equity
06
2002
8.001
5.925
0
JP Morgan US Large Core Equity
06
2001
9.246
8.001
0
JP Morgan US Large Core Equity
06
2000
10.000
9.246
0
           
Lord Abbett Series Fund Growth and Income
01
2005
11.584
11.829
0
Lord Abbett Series Fund Growth and Income
01
2004
10.398
11.584
0
Lord Abbett Series Fund Growth and Income
01
2003
8.025
10.398
0
Lord Abbett Series Fund Growth and Income
01
2002
9.899
8.025
0
Lord Abbett Series Fund Growth and Income
01
2001
10.731
9.899
0
Lord Abbett Series Fund Growth and Income
01
2000
10.000
10.731
0
           
Lord Abbett Series Fund Growth and Income
02
2005
11.512
11.737
22,803
Lord Abbett Series Fund Growth and Income
02
2004
10.348
11.512
58,367
Lord Abbett Series Fund Growth and Income
02
2003
7.999
10.348
66,829
Lord Abbett Series Fund Growth and Income
02
2002
9.882
7.999
68,523
Lord Abbett Series Fund Growth and Income
02
2001
10.729
9.882
47,996
Lord Abbett Series Fund Growth and Income
02
2000
10.000
10.729
0
           
Lord Abbett Series Fund Growth and Income
03
2005
11.463
11.676
295,403
Lord Abbett Series Fund Growth and Income
03
2004
10.315
11.463
333,092
Lord Abbett Series Fund Growth and Income
03
2003
7.981
10.315
359,149
Lord Abbett Series Fund Growth and Income
03
2002
9.871
7.981
340,667
Lord Abbett Series Fund Growth and Income
03
2001
10.727
9.871
148,539
Lord Abbett Series Fund Growth and Income
03
2000
10.000
10.727
1,199
           
Lord Abbett Series Fund Growth and Income
04
2005
11.391
11.585
219,426
Lord Abbett Series Fund Growth and Income
04
2004
10.266
11.391
272,684
Lord Abbett Series Fund Growth and Income
04
2003
7.955
10.266
264,781
Lord Abbett Series Fund Growth and Income
04
2002
9.853
7.955
265,661
Lord Abbett Series Fund Growth and Income
04
2001
10.725
9.853
147,059
Lord Abbett Series Fund Growth and Income
04
2000
10.000
10.725
1,125
           
Lord Abbett Series Fund Growth and Income
05
2005
11.343
11.524
265,296
Lord Abbett Series Fund Growth and Income
05
2004
10.233
11.343
339,732
Lord Abbett Series Fund Growth and Income
05
2003
7.938
10.233
343,536
Lord Abbett Series Fund Growth and Income
05
2002
9.842
7.938
337,536
Lord Abbett Series Fund Growth and Income
05
2001
10.723
9.842
262,961
Lord Abbett Series Fund Growth and Income
05
2000
10.000
10.723
577
           
Lord Abbett Series Fund Growth and Income
06
2005
11.271
11.434
282,312
Lord Abbett Series Fund Growth and Income
06
2004
10.184
11.271
325,913
Lord Abbett Series Fund Growth and Income
06
2003
7.912
10.184
330,631
Lord Abbett Series Fund Growth and Income
06
2002
9.825
7.912
318,746
Lord Abbett Series Fund Growth and Income
06
2001
10.721
9.825
195,122
Lord Abbett Series Fund Growth and Income
06
2000
10.000
10.721
0
           
Lord Abbett Series Fund International
01
2005
10.710
13.414
0
Lord Abbett Series Fund International
01
2004
8.972
10.710
0
Lord Abbett Series Fund International
01
2003
6.422
8.972
0
Lord Abbett Series Fund International
01
2002
7.891
6.422
0
Lord Abbett Series Fund International
01
2001
10.000
7.891
0
           
Lord Abbett Series Fund International
02
2005
10.651
13.319
0
Lord Abbett Series Fund International
02
2004
8.936
10.651
0
Lord Abbett Series Fund International
02
2003
6.406
8.936
0
Lord Abbett Series Fund International
02
2002
7.883
6.406
0
Lord Abbett Series Fund International
02
2001
10.000
7.883
0
           
Lord Abbett Series Fund International
03
2005
10.611
13.256
3,265
Lord Abbett Series Fund International
03
2004
8.912
10.611
4,206
Lord Abbett Series Fund International
03
2003
6.395
8.912
2,233
Lord Abbett Series Fund International
03
2002
7.877
6.395
2,392
Lord Abbett Series Fund International
03
2001
10.000
7.877
2,037
           
Lord Abbett Series Fund International
04
2005
10.552
13.162
3,922
Lord Abbett Series Fund International
04
2004
8.875
10.552
4,919
Lord Abbett Series Fund International
04
2003
6.379
8.875
2,388
Lord Abbett Series Fund International
04
2002
7.869
6.379
749
Lord Abbett Series Fund International
04
2001
10.000
7.869
337
           
Lord Abbett Series Fund International
05
2005
10.513
13.100
10,229
Lord Abbett Series Fund International
05
2004
8.851
10.513
9,737
Lord Abbett Series Fund International
05
2003
6.368
8.851
7,789
Lord Abbett Series Fund International
05
2002
7.864
6.368
7,959
Lord Abbett Series Fund International
05
2001
10.000
7.864
1,533
           
Lord Abbett Series Fund International
06
2005
10.454
13.007
10,363
Lord Abbett Series Fund International
06
2004
8.815
10.454
10,268
Lord Abbett Series Fund International
06
2003
6.352
8.815
6,395
Lord Abbett Series Fund International
06
2002
7.856
6.352
6,396
Lord Abbett Series Fund International
06
2001
10.000
7.856
2,410
           
Lord Abbett Series Fund Mid Cap Value
01
2005
14.036
15.023
0
Lord Abbett Series Fund Mid Cap Value
01
2004
11.441
14.036
0
Lord Abbett Series Fund Mid Cap Value
01
2003
9.273
11.441
0
Lord Abbett Series Fund Mid Cap Value
01
2002
10.393
9.273
0
Lord Abbett Series Fund Mid Cap Value
01
2001
10.000
10.393
0
           
Lord Abbett Series Fund Mid Cap Value
02
2005
13.958
14.917
13,773
Lord Abbett Series Fund Mid Cap Value
02
2004
11.395
13.958
17,599
Lord Abbett Series Fund Mid Cap Value
02
2003
9.250
11.395
20,970
Lord Abbett Series Fund Mid Cap Value
02
2002
10.383
9.250
15,380
Lord Abbett Series Fund Mid Cap Value
02
2001
10.000
10.383
0
           
Lord Abbett Series Fund Mid Cap Value
03
2005
13.906
14.847
190,396
Lord Abbett Series Fund Mid Cap Value
03
2004
11.364
13.906
196,087
Lord Abbett Series Fund Mid Cap Value
03
2003
9.234
11.364
236,580
Lord Abbett Series Fund Mid Cap Value
03
2002
10.375
9.234
156,374
Lord Abbett Series Fund Mid Cap Value
03
2001
10.000
10.375
42,693
           
Lord Abbett Series Fund Mid Cap Value
04
2005
13.828
14.741
144,704
Lord Abbett Series Fund Mid Cap Value
04
2004
11.318
13.828
169,196
Lord Abbett Series Fund Mid Cap Value
04
2003
9.210
11.318
165,419
Lord Abbett Series Fund Mid Cap Value
04
2002
10.365
9.210
153,713
Lord Abbett Series Fund Mid Cap Value
04
2001
10.000
10.365
47,923
           
Lord Abbett Series Fund Mid Cap Value
05
2005
13.777
14.672
136,963
Lord Abbett Series Fund Mid Cap Value
05
2004
11.288
13.777
159,959
Lord Abbett Series Fund Mid Cap Value
05
2003
9.195
11.288
145,455
Lord Abbett Series Fund Mid Cap Value
05
2002
10.358
9.195
136,545
Lord Abbett Series Fund Mid Cap Value
05
2001
10.000
10.358
53,938
           
Lord Abbett Series Fund Mid Cap Value
06
2005
13.700
14.568
188,927
Lord Abbett Series Fund Mid Cap Value
06
2004
11.242
13.700
199,307
Lord Abbett Series Fund Mid Cap Value
06
2003
9.171
11.242
207,471
Lord Abbett Series Fund Mid Cap Value
06
2002
10.347
9.171
165,108
Lord Abbett Series Fund Mid Cap Value
06
2001
10.000
10.347
70,908
           
MFS Capital Appreciation
01
2005
6.055
6.043
0
MFS Capital Appreciation
01
2004
5.515
6.055
0
MFS Capital Appreciation
01
2003
4.332
5.515
0
MFS Capital Appreciation
01
2002
6.479
4.332
0
MFS Capital Appreciation
01
2001
8.772
6.479
0
MFS Capital Appreciation
01
2000
10.000
8.772
0
           
MFS Capital Appreciation
02
2005
6.017
5.996
0
MFS Capital Appreciation
02
2004
5.488
6.017
0
MFS Capital Appreciation
02
2003
4.318
5.488
0
MFS Capital Appreciation
02
2002
6.467
4.318
0
MFS Capital Appreciation
02
2001
8.770
6.467
0
MFS Capital Appreciation
02
2000
10.000
8.770
0
           
MFS Capital Appreciation
03
2005
5.991
5.965
342
MFS Capital Appreciation
03
2004
5.471
5.991
4,472
MFS Capital Appreciation
03
2003
4.309
5.471
4,477
MFS Capital Appreciation
03
2002
6.460
4.309
4,394
MFS Capital Appreciation
03
2001
8.769
6.460
6,120
MFS Capital Appreciation
03
2000
10.000
8.769
0
           
MFS Capital Appreciation
04
2005
5.954
5.918
4,481
MFS Capital Appreciation
04
2004
5.445
5.954
7,510
MFS Capital Appreciation
04
2003
4.294
5.445
18,053
MFS Capital Appreciation
04
2002
6.448
4.294
17,845
MFS Capital Appreciation
04
2001
8.767
6.448
18,392
MFS Capital Appreciation
04
2000
10.000
8.767
298
           
MFS Capital Appreciation
05
2005
5.929
5.888
9,392
MFS Capital Appreciation
05
2004
5.427
5.929
15,434
MFS Capital Appreciation
05
2003
4.285
5.427
17,357
MFS Capital Appreciation
05
2002
6.441
4.285
20,750
MFS Capital Appreciation
05
2001
8.765
6.441
23,573
MFS Capital Appreciation
05
2000
10.000
8.765
3,830
           
MFS Capital Appreciation
06
2005
5.891
5.841
0
MFS Capital Appreciation
06
2004
5.401
5.891
1,340
MFS Capital Appreciation
06
2003
4.271
5.401
1,342
MFS Capital Appreciation
06
2002
6.430
4.271
1,344
MFS Capital Appreciation
06
2001
8.763
6.430
1,346
MFS Capital Appreciation
06
2000
10.000
8.763
0
           
MFS Emerging Growth
01
2005
5.384
5.811
0
MFS Emerging Growth
01
2004
4.807
5.384
0
MFS Emerging Growth
01
2003
3.696
4.807
0
MFS Emerging Growth
01
2002
5.678
3.696
0
MFS Emerging Growth
01
2001
8.777
5.678
0
MFS Emerging Growth
01
2000
10.000
8.777
0
           
MFS Emerging Growth
02
2005
5.350
5.766
0
MFS Emerging Growth
02
2004
4.784
5.350
0
MFS Emerging Growth
02
2003
3.684
4.784
0
MFS Emerging Growth
02
2002
5.668
3.684
0
MFS Emerging Growth
02
2001
8.775
5.668
0
MFS Emerging Growth
02
2000
10.000
8.775
0
           
MFS Emerging Growth
03
2005
5.327
5.736
7,011
MFS Emerging Growth
03
2004
4.769
5.327
8,286
MFS Emerging Growth
03
2003
3.676
4.769
20,566
MFS Emerging Growth
03
2002
5.662
3.676
22,683
MFS Emerging Growth
03
2001
8.773
5.662
22,909
MFS Emerging Growth
03
2000
10.000
8.773
2,202
           
MFS Emerging Growth
04
2005
5.294
5.691
10,074
MFS Emerging Growth
04
2004
4.746
5.294
11,242
MFS Emerging Growth
04
2003
3.664
4.746
16,895
MFS Emerging Growth
04
2002
5.652
3.664
18,392
MFS Emerging Growth
04
2001
8.771
5.652
23,521
MFS Emerging Growth
04
2000
10.000
8.771
1,517
           
MFS Emerging Growth
05
2005
5.271
5.661
17,959
MFS Emerging Growth
05
2004
4.731
5.271
19,902
MFS Emerging Growth
05
2003
3.656
4.731
22,183
MFS Emerging Growth
05
2002
5.645
3.656
35,141
MFS Emerging Growth
05
2001
8.770
5.645
65,735
MFS Emerging Growth
05
2000
10.000
8.770
1,663
           
MFS Emerging Growth
06
2005
5.238
5.617
7,336
MFS Emerging Growth
06
2004
4.708
5.238
13,658
MFS Emerging Growth
06
2003
3.644
4.708
14,271
MFS Emerging Growth
06
2002
5.635
3.644
14,510
MFS Emerging Growth
06
2001
8.768
5.635
16,332
MFS Emerging Growth
06
2000
10.000
8.768
0
           
MFS Government Securities
01
2005
12.411
12.557
0
MFS Government Securities
01
2004
12.094
12.411
0
MFS Government Securities
01
2003
11.972
12.094
0
MFS Government Securities
01
2002
11.024
11.972
0
MFS Government Securities
01
2001
10.374
11.024
0
MFS Government Securities
01
2000
10.000
10.374
0
           
MFS Government Securities
02
2005
12.333
12.460
0
MFS Government Securities
02
2004
12.037
12.333
0
MFS Government Securities
02
2003
11.933
12.037
0
MFS Government Securities
02
2002
11.005
11.933
0
MFS Government Securities
02
2001
10.372
11.005
0
MFS Government Securities
02
2000
10.000
10.372
0
           
MFS Government Securities
03
2005
12.281
12.395
29,556
MFS Government Securities
03
2004
11.998
12.281
65,537
MFS Government Securities
03
2003
11.907
11.998
65,927
MFS Government Securities
03
2002
10.992
11.907
74,473
MFS Government Securities
03
2001
10.371
10.992
67,676
MFS Government Securities
03
2000
10.000
10.371
19
           
MFS Government Securities
04
2005
12.204
12.298
10,889
MFS Government Securities
04
2004
11.941
12.204
13,775
MFS Government Securities
04
2003
11.868
11.941
14,520
MFS Government Securities
04
2002
10.973
11.868
14,394
MFS Government Securities
04
2001
10.368
10.973
10,393
MFS Government Securities
04
2000
10.000
10.368
0
           
MFS Government Securities
05
2005
12.152
12.234
20,384
MFS Government Securities
05
2004
11.903
12.152
39,079
MFS Government Securities
05
2003
11.842
11.903
42,491
MFS Government Securities
05
2002
10.960
11.842
62,413
MFS Government Securities
05
2001
10.367
10.960
46,634
MFS Government Securities
05
2000
10.000
10.367
0
           
MFS Government Securities
06
2005
12.076
12.138
24,359
MFS Government Securities
06
2004
11.846
12.076
35,572
MFS Government Securities
06
2003
11.803
11.846
40,910
MFS Government Securities
06
2002
10.941
11.803
42,971
MFS Government Securities
06
2001
10.364
10.941
44,942
MFS Government Securities
06
2000
10.000
10.364
0
           
MFS High Yield
01
2005
12.933
13.071
0
MFS High Yield
01
2004
11.937
12.933
0
MFS High Yield
01
2003
9.939
11.937
0
MFS High Yield
01
2002
9.785
9.939
0
MFS High Yield
01
2001
9.724
9.785
0
MFS High Yield
01
2000
10.000
9.724
0
           
MFS High Yield
02
2005
12.851
12.970
0
MFS High Yield
02
2004
11.880
12.851
4,023
MFS High Yield
02
2003
9.907
11.880
4,452
MFS High Yield
02
2002
9.768
9.907
4,908
MFS High Yield
02
2001
9.722
9.768
4,908
MFS High Yield
02
2000
10.000
9.722
0
           
MFS High Yield
03
2005
12.797
12.902
15,189
MFS High Yield
03
2004
11.843
12.797
36,283
MFS High Yield
03
2003
9.885
11.843
40,202
MFS High Yield
03
2002
9.757
9.885
38,240
MFS High Yield
03
2001
9.721
9.757
55,186
MFS High Yield
03
2000
10.000
9.721
30
           
MFS High Yield
04
2005
12.717
12.801
3,034
MFS High Yield
04
2004
11.786
12.717
6,291
MFS High Yield
04
2003
9.853
11.786
8,527
MFS High Yield
04
2002
9.740
9.853
7,534
MFS High Yield
04
2001
9.719
9.740
22,056
MFS High Yield
04
2000
10.000
9.719
0
           
MFS High Yield
05
2005
12.663
12.735
32,834
MFS High Yield
05
2004
11.748
12.663
38,837
MFS High Yield
05
2003
9.831
11.748
43,737
MFS High Yield
05
2002
9.728
9.831
69,530
MFS High Yield
05
2001
9.717
9.728
78,953
MFS High Yield
05
2000
10.000
9.717
0
           
MFS High Yield
06
2005
12.583
12.635
15,359
MFS High Yield
06
2004
11.692
12.583
30,175
MFS High Yield
06
2003
9.799
11.692
30,920
MFS High Yield
06
2002
9.711
9.799
31,761
MFS High Yield
06
2001
9.715
9.711
49,592
MFS High Yield
06
2000
10.000
9.715
0
           
MFS Utilities
01
2005
9.694
11.246
0
MFS Utilities
01
2004
7.519
9.694
0
MFS Utilities
01
2003
5.579
7.519
0
MFS Utilities
01
2002
7.409
5.579
0
MFS Utilities
01
2001
9.898
7.409
0
MFS Utilities
01
2000
10.000
9.898
0
           
MFS Utilities
02
2005
9.633
11.158
0
MFS Utilities
02
2004
7.483
9.633
0
MFS Utilities
02
2003
5.561
7.483
0
MFS Utilities
02
2002
7.396
5.561
0
MFS Utilities
02
2001
9.896
7.396
0
MFS Utilities
02
2000
10.000
9.896
0
           
MFS Utilities
03
2005
9.593
11.100
9,815
MFS Utilities
03
2004
7.459
9.593
7,802
MFS Utilities
03
2003
5.549
7.459
8,534
MFS Utilities
03
2002
7.387
5.549
8,772
MFS Utilities
03
2001
9.894
7.387
8,877
MFS Utilities
03
2000
10.000
9.894
5
           
MFS Utilities
04
2005
9.532
11.014
10,366
MFS Utilities
04
2004
7.423
9.532
14,750
MFS Utilities
04
2003
5.531
7.423
21,098
MFS Utilities
04
2002
7.374
5.531
23,618
MFS Utilities
04
2001
9.892
7.374
25,982
MFS Utilities
04
2000
10.000
9.892
1,226
           
MFS Utilities
05
2005
9.492
10.956
12,449
MFS Utilities
05
2004
7.400
9.492
24,731
MFS Utilities
05
2003
5.519
7.400
25,601
MFS Utilities
05
2002
7.365
5.519
28,365
MFS Utilities
05
2001
9.891
7.365
38,934
MFS Utilities
05
2000
10.000
9.891
0
           
MFS Utilities
06
2005
9.432
10.870
10,918
MFS Utilities
06
2004
7.364
9.432
10,371
MFS Utilities
06
2003
5.501
7.364
10,851
MFS Utilities
06
2002
7.353
5.501
11,057
MFS Utilities
06
2001
9.888
7.353
11,719
MFS Utilities
06
2000
10.000
9.888
0
           
MFS/Sun Life Capital Appreciation Series S Class
01
2005
9.022
8.980
0
MFS/Sun Life Capital Appreciation Series S Class
01
2004
8.235
9.022
0
MFS/Sun Life Capital Appreciation Series S Class
01
2003
6.487
8.235
0
MFS/Sun Life Capital Appreciation Series S Class
01
2002
9.727
6.487
0
MFS/Sun Life Capital Appreciation Series S Class
01
2001
10.000
9.727
0
           
MFS/Sun Life Capital Appreciation Series S Class
02
2005
8.977
8.921
5,247
MFS/Sun Life Capital Appreciation Series S Class
02
2004
8.206
8.977
5,472
MFS/Sun Life Capital Appreciation Series S Class
02
2003
6.474
8.206
5,537
MFS/Sun Life Capital Appreciation Series S Class
02
2002
9.722
6.474
5,537
MFS/Sun Life Capital Appreciation Series S Class
02
2001
10.000
9.722
0
           
MFS/Sun Life Capital Appreciation Series S Class
03
2005
8.946
8.882
9,437
MFS/Sun Life Capital Appreciation Series S Class
03
2004
8.186
8.946
10,792
MFS/Sun Life Capital Appreciation Series S Class
03
2003
6.465
8.186
10,917
MFS/Sun Life Capital Appreciation Series S Class
03
2002
9.718
6.465
10,202
MFS/Sun Life Capital Appreciation Series S Class
03
2001
10.000
9.718
537
           
MFS/Sun Life Capital Appreciation Series S Class
04
2005
8.901
8.823
0
MFS/Sun Life Capital Appreciation Series S Class
04
2004
8.157
8.901
1,445
MFS/Sun Life Capital Appreciation Series S Class
04
2003
6.452
8.157
2,530
MFS/Sun Life Capital Appreciation Series S Class
04
2002
9.713
6.452
3,523
MFS/Sun Life Capital Appreciation Series S Class
04
2001
10.000
9.713
2,119
           
MFS/Sun Life Capital Appreciation Series S Class
05
2005
8.871
8.784
1,671
MFS/Sun Life Capital Appreciation Series S Class
05
2004
8.138
8.871
1,742
MFS/Sun Life Capital Appreciation Series S Class
05
2003
6.443
8.138
1,744
MFS/Sun Life Capital Appreciation Series S Class
05
2002
9.710
6.443
1,746
MFS/Sun Life Capital Appreciation Series S Class
05
2001
10.000
9.710
0
           
MFS/Sun Life Capital Appreciation Series S Class
06
2005
8.825
8.726
4,487
MFS/Sun Life Capital Appreciation Series S Class
06
2004
8.109
8.825
5,391
MFS/Sun Life Capital Appreciation Series S Class
06
2003
6.430
8.109
8,710
MFS/Sun Life Capital Appreciation Series S Class
06
2002
9.704
6.430
11,507
MFS/Sun Life Capital Appreciation Series S Class
06
2001
10.000
9.704
6,719
           
MFS/Sun Life Emerging Growth Series S Class
01
2005
9.143
9.847
0
MFS/Sun Life Emerging Growth Series S Class
01
2004
8.184
9.143
0
MFS/Sun Life Emerging Growth Series S Class
01
2003
6.310
8.184
0
MFS/Sun Life Emerging Growth Series S Class
01
2002
9.719
6.310
0
MFS/Sun Life Emerging Growth Series S Class
01
2001
10.000
9.719
0
           
MFS/Sun Life Emerging Growth Series S Class
02
2005
9.097
9.783
5,257
MFS/Sun Life Emerging Growth Series S Class
02
2004
8.155
9.097
5,482
MFS/Sun Life Emerging Growth Series S Class
02
2003
6.297
8.155
5,546
MFS/Sun Life Emerging Growth Series S Class
02
2002
9.714
6.297
5,546
MFS/Sun Life Emerging Growth Series S Class
02
2001
10.000
9.714
0
           
MFS/Sun Life Emerging Growth Series S Class
03
2005
9.066
9.739
20,636
MFS/Sun Life Emerging Growth Series S Class
03
2004
8.135
9.066
21,558
MFS/Sun Life Emerging Growth Series S Class
03
2003
6.289
8.135
23,101
MFS/Sun Life Emerging Growth Series S Class
03
2002
9.711
6.289
7,364
MFS/Sun Life Emerging Growth Series S Class
03
2001
10.000
9.711
1,421
           
MFS/Sun Life Emerging Growth Series S Class
04
2005
9.020
9.675
2,156
MFS/Sun Life Emerging Growth Series S Class
04
2004
8.106
9.020
3,123
MFS/Sun Life Emerging Growth Series S Class
04
2003
6.276
8.106
2,882
MFS/Sun Life Emerging Growth Series S Class
04
2002
9.706
6.276
2,253
MFS/Sun Life Emerging Growth Series S Class
04
2001
10.000
9.706
377
           
MFS/Sun Life Emerging Growth Series S Class
05
2005
8.989
9.633
8,536
MFS/Sun Life Emerging Growth Series S Class
05
2004
8.087
8.989
10,662
MFS/Sun Life Emerging Growth Series S Class
05
2003
6.267
8.087
8,892
MFS/Sun Life Emerging Growth Series S Class
05
2002
9.702
6.267
8,776
MFS/Sun Life Emerging Growth Series S Class
05
2001
10.000
9.702
638
           
MFS/Sun Life Emerging Growth Series S Class
06
2005
8.943
9.569
1,844
MFS/Sun Life Emerging Growth Series S Class
06
2004
8.058
8.943
1,883
MFS/Sun Life Emerging Growth Series S Class
06
2003
6.254
8.058
1,926
MFS/Sun Life Emerging Growth Series S Class
06
2002
9.697
6.254
6,738
MFS/Sun Life Emerging Growth Series S Class
06
2001
10.000
9.697
3,067
           
MFS/Sun Life Government Securities Series S Class
01
2005
11.315
11.416
0
MFS/Sun Life Government Securities Series S Class
01
2004
11.049
11.315
0
MFS/Sun Life Government Securities Series S Class
01
2003
10.967
11.049
0
MFS/Sun Life Government Securities Series S Class
01
2002
10.126
10.967
0
MFS/Sun Life Government Securities Series S Class
01
2001
10.000
10.126
0
           
MFS/Sun Life Government Securities Series S Class
02
2005
11.258
11.340
683
MFS/Sun Life Government Securities Series S Class
02
2004
11.010
11.258
712
MFS/Sun Life Government Securities Series S Class
02
2003
10.944
11.010
720
MFS/Sun Life Government Securities Series S Class
02
2002
10.120
10.944
0
MFS/Sun Life Government Securities Series S Class
02
2001
10.000
10.120
0
           
MFS/Sun Life Government Securities Series S Class
03
2005
11.220
11.291
76,977
MFS/Sun Life Government Securities Series S Class
03
2004
10.984
11.220
103,171
MFS/Sun Life Government Securities Series S Class
03
2003
10.930
10.984
118,820
MFS/Sun Life Government Securities Series S Class
03
2002
10.117
10.930
164,210
MFS/Sun Life Government Securities Series S Class
03
2001
10.000
10.117
31,091
           
MFS/Sun Life Government Securities Series S Class
04
2005
11.163
11.216
37,389
MFS/Sun Life Government Securities Series S Class
04
2004
10.944
11.163
39,241
MFS/Sun Life Government Securities Series S Class
04
2003
10.907
10.944
42,329
MFS/Sun Life Government Securities Series S Class
04
2002
10.111
10.907
58,846
MFS/Sun Life Government Securities Series S Class
04
2001
10.000
10.111
26,740
           
MFS/Sun Life Government Securities Series S Class
05
2005
11.125
11.167
56,155
MFS/Sun Life Government Securities Series S Class
05
2004
10.918
11.125
47,947
MFS/Sun Life Government Securities Series S Class
05
2003
10.892
10.918
54,722
MFS/Sun Life Government Securities Series S Class
05
2002
10.108
10.892
61,365
MFS/Sun Life Government Securities Series S Class
05
2001
10.000
10.108
13,389
           
MFS/Sun Life Government Securities Series S Class
06
2005
11.068
11.093
43,573
MFS/Sun Life Government Securities Series S Class
06
2004
10.879
11.068
60,227
MFS/Sun Life Government Securities Series S Class
06
2003
10.870
10.879
99,886
MFS/Sun Life Government Securities Series S Class
06
2002
10.103
10.870
128,353
MFS/Sun Life Government Securities Series S Class
06
2001
10.000
10.103
53,306
           
MFS/Sun Life High Yield Series S Class
01
2005
12.979
13.085
0
MFS/Sun Life High Yield Series S Class
01
2004
12.000
12.979
0
MFS/Sun Life High Yield Series S Class
01
2003
10.010
12.000
0
MFS/Sun Life High Yield Series S Class
01
2002
9.892
10.010
0
MFS/Sun Life High Yield Series S Class
01
2001
10.000
9.892
0
           
MFS/Sun Life High Yield Series S Class
02
2005
12.913
12.999
0
MFS/Sun Life High Yield Series S Class
02
2004
11.957
12.913
0
MFS/Sun Life High Yield Series S Class
02
2003
9.990
11.957
0
MFS/Sun Life High Yield Series S Class
02
2002
9.887
9.990
0
MFS/Sun Life High Yield Series S Class
02
2001
10.000
9.887
0
           
MFS/Sun Life High Yield Series S Class
03
2005
12.870
12.942
91,673
MFS/Sun Life High Yield Series S Class
03
2004
11.929
12.870
184,886
MFS/Sun Life High Yield Series S Class
03
2003
9.976
11.929
134,457
MFS/Sun Life High Yield Series S Class
03
2002
9.884
9.976
148,683
MFS/Sun Life High Yield Series S Class
03
2001
10.000
9.884
40,353
           
MFS/Sun Life High Yield Series S Class
04
2005
12.804
12.857
41,233
MFS/Sun Life High Yield Series S Class
04
2004
11.886
12.804
41,851
MFS/Sun Life High Yield Series S Class
04
2003
9.956
11.886
43,091
MFS/Sun Life High Yield Series S Class
04
2002
9.879
9.956
38,783
MFS/Sun Life High Yield Series S Class
04
2001
10.000
9.879
22,743
           
MFS/Sun Life High Yield Series S Class
05
2005
12.761
12.800
32,027
MFS/Sun Life High Yield Series S Class
05
2004
11.858
12.761
37,625
MFS/Sun Life High Yield Series S Class
05
2003
9.942
11.858
38,546
MFS/Sun Life High Yield Series S Class
05
2002
9.875
9.942
35,471
MFS/Sun Life High Yield Series S Class
05
2001
10.000
9.875
8,578
           
MFS/Sun Life High Yield Series S Class
06
2005
12.696
12.716
49,856
MFS/Sun Life High Yield Series S Class
06
2004
11.815
12.696
78,679
MFS/Sun Life High Yield Series S Class
06
2003
9.922
11.815
83,091
MFS/Sun Life High Yield Series S Class
06
2002
9.870
9.922
61,088
MFS/Sun Life High Yield Series S Class
06
2001
10.000
9.870
22,658
           
MFS/Sun Life Massachusetts Investors Growth Series
01
2005
6.266
6.468
0
MFS/Sun Life Massachusetts Investors Growth Series
01
2004
5.780
6.266
0
MFS/Sun Life Massachusetts Investors Growth Series
01
2003
4.737
5.780
0
MFS/Sun Life Massachusetts Investors Growth Series
01
2002
6.657
4.737
0
MFS/Sun Life Massachusetts Investors Growth Series
01
2001
8.963
6.657
0
MFS/Sun Life Massachusetts Investors Growth Series
01
2000
10.000
8.963
0
           
MFS/Sun Life Massachusetts Investors Growth Series
02
2005
6.226
6.418
0
MFS/Sun Life Massachusetts Investors Growth Series
02
2004
5.753
6.226
47,724
MFS/Sun Life Massachusetts Investors Growth Series
02
2003
4.721
5.753
48,049
MFS/Sun Life Massachusetts Investors Growth Series
02
2002
6.646
4.721
47,233
MFS/Sun Life Massachusetts Investors Growth Series
02
2001
8.961
6.646
44,872
MFS/Sun Life Massachusetts Investors Growth Series
02
2000
10.000
8.961
0
           
MFS/Sun Life Massachusetts Investors Growth Series
03
2005
6.200
6.384
42,105
MFS/Sun Life Massachusetts Investors Growth Series
03
2004
5.734
6.200
58,924
MFS/Sun Life Massachusetts Investors Growth Series
03
2003
4.711
5.734
82,258
MFS/Sun Life Massachusetts Investors Growth Series
03
2002
6.638
4.711
70,484
MFS/Sun Life Massachusetts Investors Growth Series
03
2001
8.960
6.638
71,419
MFS/Sun Life Massachusetts Investors Growth Series
03
2000
10.000
8.960
2,859
           
MFS/Sun Life Massachusetts Investors Growth Series
04
2005
6.161
6.334
26,800
MFS/Sun Life Massachusetts Investors Growth Series
04
2004
5.707
6.161
51,319
MFS/Sun Life Massachusetts Investors Growth Series
04
2003
4.695
5.707
62,024
MFS/Sun Life Massachusetts Investors Growth Series
04
2002
6.626
4.695
66,483
MFS/Sun Life Massachusetts Investors Growth Series
04
2001
8.958
6.626
68,513
MFS/Sun Life Massachusetts Investors Growth Series
04
2000
10.000
8.958
292
           
MFS/Sun Life Massachusetts Investors Growth Series
05
2005
6.135
6.301
102,448
MFS/Sun Life Massachusetts Investors Growth Series
05
2004
5.688
6.135
169,967
MFS/Sun Life Massachusetts Investors Growth Series
05
2003
4.685
5.688
190,557
MFS/Sun Life Massachusetts Investors Growth Series
05
2002
6.618
4.685
212,754
MFS/Sun Life Massachusetts Investors Growth Series
05
2001
8.956
6.618
264,168
MFS/Sun Life Massachusetts Investors Growth Series
05
2000
10.000
8.956
4,219
           
MFS/Sun Life Massachusetts Investors Growth Series
06
2005
6.096
6.252
21,311
MFS/Sun Life Massachusetts Investors Growth Series
06
2004
5.661
6.096
33,369
MFS/Sun Life Massachusetts Investors Growth Series
06
2003
4.670
5.661
33,440
MFS/Sun Life Massachusetts Investors Growth Series
06
2002
6.607
4.670
32,427
MFS/Sun Life Massachusetts Investors Growth Series
06
2001
8.955
6.607
40,409
MFS/Sun Life Massachusetts Investors Growth Series
06
2000
10.000
8.955
0
           
MFS/Sun Life Massachusetts Investors Growth Series S Class
01
2005
9.137
9.412
0
MFS/Sun Life Massachusetts Investors Growth Series S Class
01
2004
8.448
9.137
0
MFS/Sun Life Massachusetts Investors Growth Series S Class
01
2003
6.953
8.448
0
MFS/Sun Life Massachusetts Investors Growth Series S Class
01
2002
9.781
6.953
0
MFS/Sun Life Massachusetts Investors Growth Series S Class
01
2001
10.000
9.781
0
           
MFS/Sun Life Massachusetts Investors Growth Series S Class
02
2005
9.090
9.350
5,061
MFS/Sun Life Massachusetts Investors Growth Series S Class
02
2004
8.418
9.090
5,277
MFS/Sun Life Massachusetts Investors Growth Series S Class
02
2003
6.939
8.418
5,340
MFS/Sun Life Massachusetts Investors Growth Series S Class
02
2002
9.776
6.939
5,340
MFS/Sun Life Massachusetts Investors Growth Series S Class
02
2001
10.000
9.776
0
           
MFS/Sun Life Massachusetts Investors Growth Series S Class
03
2005
9.059
9.309
38,145
MFS/Sun Life Massachusetts Investors Growth Series S Class
03
2004
8.398
9.059
52,763
MFS/Sun Life Massachusetts Investors Growth Series S Class
03
2003
6.930
8.398
57,945
MFS/Sun Life Massachusetts Investors Growth Series S Class
03
2002
9.772
6.930
59,714
MFS/Sun Life Massachusetts Investors Growth Series S Class
03
2001
10.000
9.772
21,606
           
MFS/Sun Life Massachusetts Investors Growth Series S Class
04
2005
9.013
9.247
66,623
MFS/Sun Life Massachusetts Investors Growth Series S Class
04
2004
8.368
9.013
67,473
MFS/Sun Life Massachusetts Investors Growth Series S Class
04
2003
6.915
8.368
62,805
MFS/Sun Life Massachusetts Investors Growth Series S Class
04
2002
9.767
6.915
56,608
MFS/Sun Life Massachusetts Investors Growth Series S Class
04
2001
10.000
9.767
26,314
           
MFS/Sun Life Massachusetts Investors Growth Series S Class
05
2005
8.983
9.207
29,665
MFS/Sun Life Massachusetts Investors Growth Series S Class
05
2004
8.348
8.983
40,021
MFS/Sun Life Massachusetts Investors Growth Series S Class
05
2003
6.906
8.348
42,291
MFS/Sun Life Massachusetts Investors Growth Series S Class
05
2002
9.764
6.906
42,090
MFS/Sun Life Massachusetts Investors Growth Series S Class
05
2001
10.000
9.764
15,609
           
MFS/Sun Life Massachusetts Investors Growth Series S Class
06
2005
8.937
9.146
23,217
MFS/Sun Life Massachusetts Investors Growth Series S Class
06
2004
8.318
8.937
29,350
MFS/Sun Life Massachusetts Investors Growth Series S Class
06
2003
6.892
8.318
55,484
MFS/Sun Life Massachusetts Investors Growth Series S Class
06
2002
9.758
6.892
59,271
MFS/Sun Life Massachusetts Investors Growth Series S Class
06
2001
10.000
9.758
13,417
           
MFS/Sun Life Massachusetts Investors Trust Series
01
2005
8.494
9.048
0
MFS/Sun Life Massachusetts Investors Trust Series
01
2004
7.669
8.494
0
MFS/Sun Life Massachusetts Investors Trust Series
01
2003
6.313
7.669
0
MFS/Sun Life Massachusetts Investors Trust Series
01
2002
8.104
6.313
0
MFS/Sun Life Massachusetts Investors Trust Series
01
2001
9.724
8.104
0
MFS/Sun Life Massachusetts Investors Trust Series
01
2000
10.000
9.724
0
           
MFS/Sun Life Massachusetts Investors Trust Series
02
2005
8.441
8.978
0
MFS/Sun Life Massachusetts Investors Trust Series
02
2004
7.633
8.441
0
MFS/Sun Life Massachusetts Investors Trust Series
02
2003
6.293
7.633
0
MFS/Sun Life Massachusetts Investors Trust Series
02
2002
8.089
6.293
0
MFS/Sun Life Massachusetts Investors Trust Series
02
2001
9.722
8.089
0
MFS/Sun Life Massachusetts Investors Trust Series
02
2000
10.000
9.722
0
           
MFS/Sun Life Massachusetts Investors Trust Series
03
2005
8.405
8.931
25,704
MFS/Sun Life Massachusetts Investors Trust Series
03
2004
7.608
8.405
42,932
MFS/Sun Life Massachusetts Investors Trust Series
03
2003
6.279
7.608
54,002
MFS/Sun Life Massachusetts Investors Trust Series
03
2002
8.080
6.279
52,153
MFS/Sun Life Massachusetts Investors Trust Series
03
2001
9.720
8.080
52,609
MFS/Sun Life Massachusetts Investors Trust Series
03
2000
10.000
9.720
2,638
           
MFS/Sun Life Massachusetts Investors Trust Series
04
2005
8.352
8.861
8,348
MFS/Sun Life Massachusetts Investors Trust Series
04
2004
7.572
8.352
16,209
MFS/Sun Life Massachusetts Investors Trust Series
04
2003
6.258
7.572
21,372
MFS/Sun Life Massachusetts Investors Trust Series
04
2002
8.066
6.258
26,560
MFS/Sun Life Massachusetts Investors Trust Series
04
2001
9.718
8.066
40,815
MFS/Sun Life Massachusetts Investors Trust Series
04
2000
10.000
9.718
1,239
           
MFS/Sun Life Massachusetts Investors Trust Series
05
2005
8.317
8.815
53,550
MFS/Sun Life Massachusetts Investors Trust Series
05
2004
7.548
8.317
71,318
MFS/Sun Life Massachusetts Investors Trust Series
05
2003
6.245
7.548
72,371
MFS/Sun Life Massachusetts Investors Trust Series
05
2002
8.056
6.245
90,418
MFS/Sun Life Massachusetts Investors Trust Series
05
2001
9.717
8.056
111,188
MFS/Sun Life Massachusetts Investors Trust Series
05
2000
10.000
9.717
0
           
MFS/Sun Life Massachusetts Investors Trust Series
06
2005
8.264
8.746
22,958
MFS/Sun Life Massachusetts Investors Trust Series
06
2004
7.512
8.264
34,301
MFS/Sun Life Massachusetts Investors Trust Series
06
2003
6.224
7.512
33,430
MFS/Sun Life Massachusetts Investors Trust Series
06
2002
8.042
6.224
35,175
MFS/Sun Life Massachusetts Investors Trust Series
06
2001
9.715
8.042
37,068
MFS/Sun Life Massachusetts Investors Trust Series
06
2000
10.000
9.715
0
           
MFS/Sun Life Massachusetts Investors Trust Series S Class
01
2005
10.067
10.695
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
01
2004
9.110
10.067
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
01
2003
7.522
9.110
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
01
2002
9.676
7.522
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
01
2001
10.000
9.676
0
           
MFS/Sun Life Massachusetts Investors Trust Series S Class
02
2005
10.016
10.625
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
02
2004
9.077
10.016
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
02
2003
7.507
9.077
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
02
2002
9.671
7.507
0
MFS/Sun Life Massachusetts Investors Trust Series S Class
02
2001
10.000
9.671
0
           
MFS/Sun Life Massachusetts Investors Trust Series S Class
03
2005
9.982
10.578
35,337
MFS/Sun Life Massachusetts Investors Trust Series S Class
03
2004
9.056
9.982
40,424
MFS/Sun Life Massachusetts Investors Trust Series S Class
03
2003
7.497
9.056
41,365
MFS/Sun Life Massachusetts Investors Trust Series S Class
03
2002
9.668
7.497
47,271
MFS/Sun Life Massachusetts Investors Trust Series S Class
03
2001
10.000
9.668
16,618
           
MFS/Sun Life Massachusetts Investors Trust Series S Class
04
2005
9.931
10.508
17,278
MFS/Sun Life Massachusetts Investors Trust Series S Class
04
2004
9.023
9.931
16,808
MFS/Sun Life Massachusetts Investors Trust Series S Class
04
2003
7.481
9.023
17,330
MFS/Sun Life Massachusetts Investors Trust Series S Class
04
2002
9.662
7.481
18,288
MFS/Sun Life Massachusetts Investors Trust Series S Class
04
2001
10.000
9.662
11,546
           
MFS/Sun Life Massachusetts Investors Trust Series S Class
05
2005
9.897
10.462
11,449
MFS/Sun Life Massachusetts Investors Trust Series S Class
05
2004
9.002
9.897
11,674
MFS/Sun Life Massachusetts Investors Trust Series S Class
05
2003
7.471
9.002
13,995
MFS/Sun Life Massachusetts Investors Trust Series S Class
05
2002
9.659
7.471
14,313
MFS/Sun Life Massachusetts Investors Trust Series S Class
05
2001
10.000
9.659
5,997
           
MFS/Sun Life Massachusetts Investors Trust Series S Class
06
2005
9.847
10.393
18,776
MFS/Sun Life Massachusetts Investors Trust Series S Class
06
2004
8.970
9.847
28,455
MFS/Sun Life Massachusetts Investors Trust Series S Class
06
2003
7.456
8.970
30,921
MFS/Sun Life Massachusetts Investors Trust Series S Class
06
2002
9.654
7.456
34,084
MFS/Sun Life Massachusetts Investors Trust Series S Class
06
2001
10.000
9.654
15,711
           
MFS/Sun Life New Discovery Series S Class
01
2005
9.581
9.945
0
MFS/Sun Life New Discovery Series S Class
01
2004
9.035
9.581
0
MFS/Sun Life New Discovery Series S Class
01
2003
6.767
9.035
0
MFS/Sun Life New Discovery Series S Class
01
2002
10.314
6.767
0
MFS/Sun Life New Discovery Series S Class
01
2001
10.000
10.314
0
           
MFS/Sun Life New Discovery Series S Class
02
2005
9.532
9.880
19,906
MFS/Sun Life New Discovery Series S Class
02
2004
9.003
9.532
24,044
MFS/Sun Life New Discovery Series S Class
02
2003
6.753
9.003
27,836
MFS/Sun Life New Discovery Series S Class
02
2002
10.308
6.753
20,635
MFS/Sun Life New Discovery Series S Class
02
2001
10.000
10.308
0
           
MFS/Sun Life New Discovery Series S Class
03
2005
9.500
9.836
199,362
MFS/Sun Life New Discovery Series S Class
03
2004
8.982
9.500
198,684
MFS/Sun Life New Discovery Series S Class
03
2003
6.744
8.982
196,001
MFS/Sun Life New Discovery Series S Class
03
2002
10.305
6.744
109,887
MFS/Sun Life New Discovery Series S Class
03
2001
10.000
10.305
3,254
           
MFS/Sun Life New Discovery Series S Class
04
2005
9.451
9.771
111,000
MFS/Sun Life New Discovery Series S Class
04
2004
8.950
9.451
121,516
MFS/Sun Life New Discovery Series S Class
04
2003
6.730
8.950
118,403
MFS/Sun Life New Discovery Series S Class
04
2002
10.299
6.730
102,316
MFS/Sun Life New Discovery Series S Class
04
2001
10.000
10.299
14,844
           
MFS/Sun Life New Discovery Series S Class
05
2005
9.419
9.728
69,920
MFS/Sun Life New Discovery Series S Class
05
2004
8.929
9.419
89,010
MFS/Sun Life New Discovery Series S Class
05
2003
6.721
8.929
79,499
MFS/Sun Life New Discovery Series S Class
05
2002
10.295
6.721
69,783
MFS/Sun Life New Discovery Series S Class
05
2001
10.000
10.295
12,297
           
MFS/Sun Life New Discovery Series S Class
06
2005
9.371
9.664
144,731
MFS/Sun Life New Discovery Series S Class
06
2004
8.897
9.371
174,213
MFS/Sun Life New Discovery Series S Class
06
2003
6.707
8.897
168,825
MFS/Sun Life New Discovery Series S Class
06
2002
10.290
6.707
144,026
MFS/Sun Life New Discovery Series S Class
06
2001
10.000
10.290
18,952
           
MFS/Sun Life Series Trust New Discovery Series
01
2005
8.057
8.383
0
MFS/Sun Life Series Trust New Discovery Series
01
2004
7.579
8.057
0
MFS/Sun Life Series Trust New Discovery Series
01
2003
5.664
7.579
0
MFS/Sun Life Series Trust New Discovery Series
01
2002
8.608
5.664
0
MFS/Sun Life Series Trust New Discovery Series
01
2001
9.173
8.608
0
MFS/Sun Life Series Trust New Discovery Series
01
2000
10.000
9.173
0
           
MFS/Sun Life Series Trust New Discovery Series
02
2005
8.006
8.318
0
MFS/Sun Life Series Trust New Discovery Series
02
2004
7.543
8.006
26,946
MFS/Sun Life Series Trust New Discovery Series
02
2003
5.646
7.543
27,169
MFS/Sun Life Series Trust New Discovery Series
02
2002
8.593
5.646
29,664
MFS/Sun Life Series Trust New Discovery Series
02
2001
9.171
8.593
26,818
MFS/Sun Life Series Trust New Discovery Series
02
2000
10.000
9.171
0
           
MFS/Sun Life Series Trust New Discovery Series
03
2005
7.972
8.274
23,009
MFS/Sun Life Series Trust New Discovery Series
03
2004
7.519
7.972
39,349
MFS/Sun Life Series Trust New Discovery Series
03
2003
5.634
7.519
48,148
MFS/Sun Life Series Trust New Discovery Series
03
2002
8.582
5.634
45,996
MFS/Sun Life Series Trust New Discovery Series
03
2001
9.169
8.582
30,528
MFS/Sun Life Series Trust New Discovery Series
03
2000
10.000
9.169
17
           
MFS/Sun Life Series Trust New Discovery Series
04
2005
7.922
8.210
30,895
MFS/Sun Life Series Trust New Discovery Series
04
2004
7.483
7.922
40,595
MFS/Sun Life Series Trust New Discovery Series
04
2003
5.615
7.483
43,626
MFS/Sun Life Series Trust New Discovery Series
04
2002
8.567
5.615
51,333
MFS/Sun Life Series Trust New Discovery Series
04
2001
9.167
8.567
29,730
MFS/Sun Life Series Trust New Discovery Series
04
2000
10.000
9.167
387
           
MFS/Sun Life Series Trust New Discovery Series
05
2005
7.889
8.167
95,907
MFS/Sun Life Series Trust New Discovery Series
05
2004
7.459
7.889
149,380
MFS/Sun Life Series Trust New Discovery Series
05
2003
5.603
7.459
137,847
MFS/Sun Life Series Trust New Discovery Series
05
2002
8.557
5.603
145,763
MFS/Sun Life Series Trust New Discovery Series
05
2001
9.166
8.557
92,333
MFS/Sun Life Series Trust New Discovery Series
05
2000
10.000
9.166
2,903
           
MFS/Sun Life Series Trust New Discovery Series
06
2005
7.839
8.103
28,461
MFS/Sun Life Series Trust New Discovery Series
06
2004
7.423
7.839
40,227
MFS/Sun Life Series Trust New Discovery Series
06
2003
5.584
7.423
39,006
MFS/Sun Life Series Trust New Discovery Series
06
2002
8.542
5.584
35,297
MFS/Sun Life Series Trust New Discovery Series
06
2001
9.164
8.542
9,133
MFS/Sun Life Series Trust New Discovery Series
06
2000
10.000
9.164
0
           
MFS/Sun Life Series Trust Total Return Series
01
2005
12.295
12.527
0
MFS/Sun Life Series Trust Total Return Series
01
2004
11.153
12.295
0
MFS/Sun Life Series Trust Total Return Series
01
2003
9.626
11.153
0
MFS/Sun Life Series Trust Total Return Series
01
2002
10.323
9.626
0
MFS/Sun Life Series Trust Total Return Series
01
2001
10.385
10.323
0
MFS/Sun Life Series Trust Total Return Series
01
2000
10.000
10.385
0
           
MFS/Sun Life Series Trust Total Return Series
02
2005
12.217
12.430
0
MFS/Sun Life Series Trust Total Return Series
02
2004
11.099
12.217
0
MFS/Sun Life Series Trust Total Return Series
02
2003
9.594
11.099
0
MFS/Sun Life Series Trust Total Return Series
02
2002
10.305
9.594
0
MFS/Sun Life Series Trust Total Return Series
02
2001
10.383
10.305
0
MFS/Sun Life Series Trust Total Return Series
02
2000
10.000
10.383
0
           
MFS/Sun Life Series Trust Total Return Series
03
2005
12.166
12.365
36,452
MFS/Sun Life Series Trust Total Return Series
03
2004
11.064
12.166
42,148
MFS/Sun Life Series Trust Total Return Series
03
2003
9.573
11.064
49,161
MFS/Sun Life Series Trust Total Return Series
03
2002
10.293
9.573
57,891
MFS/Sun Life Series Trust Total Return Series
03
2001
10.381
10.293
54,791
MFS/Sun Life Series Trust Total Return Series
03
2000
10.000
10.381
1,238
           
MFS/Sun Life Series Trust Total Return Series
04
2005
12.089
12.269
16,102
MFS/Sun Life Series Trust Total Return Series
04
2004
11.011
12.089
28,615
MFS/Sun Life Series Trust Total Return Series
04
2003
9.542
11.011
27,732
MFS/Sun Life Series Trust Total Return Series
04
2002
10.275
9.542
22,075
MFS/Sun Life Series Trust Total Return Series
04
2001
10.379
10.275
20,972
MFS/Sun Life Series Trust Total Return Series
04
2000
10.000
10.379
1,162
           
MFS/Sun Life Series Trust Total Return Series
05
2005
12.039
12.205
41,060
MFS/Sun Life Series Trust Total Return Series
05
2004
10.976
12.039
52,357
MFS/Sun Life Series Trust Total Return Series
05
2003
9.521
10.976
60,296
MFS/Sun Life Series Trust Total Return Series
05
2002
10.263
9.521
81,201
MFS/Sun Life Series Trust Total Return Series
05
2001
10.377
10.263
95,477
MFS/Sun Life Series Trust Total Return Series
05
2000
10.000
10.377
1,327
           
MFS/Sun Life Series Trust Total Return Series
06
2005
11.963
12.109
40,191
MFS/Sun Life Series Trust Total Return Series
06
2004
10.923
11.963
60,186
MFS/Sun Life Series Trust Total Return Series
06
2003
9.490
10.923
61,580
MFS/Sun Life Series Trust Total Return Series
06
2002
10.245
9.490
63,282
MFS/Sun Life Series Trust Total Return Series
06
2001
10.375
10.245
77,319
MFS/Sun Life Series Trust Total Return Series
06
2000
10.000
10.375
0
           
MFS/Sun Life Total Return Series S Class
01
2005
11.790
11.989
0
MFS/Sun Life Total Return Series S Class
01
2004
10.726
11.790
0
MFS/Sun Life Total Return Series S Class
01
2003
9.283
10.726
0
MFS/Sun Life Total Return Series S Class
01
2002
9.973
9.283
0
MFS/Sun Life Total Return Series S Class
01
2001
10.000
9.973
0
           
MFS/Sun Life Total Return Series S Class
02
2005
11.730
11.910
0
MFS/Sun Life Total Return Series S Class
02
2004
10.688
11.730
0
MFS/Sun Life Total Return Series S Class
02
2003
9.264
10.688
0
MFS/Sun Life Total Return Series S Class
02
2002
9.968
9.264
0
MFS/Sun Life Total Return Series S Class
02
2001
10.000
9.968
0
           
MFS/Sun Life Total Return Series S Class
03
2005
11.691
11.857
127,072
MFS/Sun Life Total Return Series S Class
03
2004
10.663
11.691
143,739
MFS/Sun Life Total Return Series S Class
03
2003
9.251
10.663
160,248
MFS/Sun Life Total Return Series S Class
03
2002
9.964
9.251
165,981
MFS/Sun Life Total Return Series S Class
03
2001
10.000
9.964
43,292
           
MFS/Sun Life Total Return Series S Class
04
2005
11.631
11.779
74,514
MFS/Sun Life Total Return Series S Class
04
2004
10.625
11.631
75,111
MFS/Sun Life Total Return Series S Class
04
2003
9.233
10.625
76,869
MFS/Sun Life Total Return Series S Class
04
2002
9.959
9.233
63,730
MFS/Sun Life Total Return Series S Class
04
2001
10.000
9.959
23,131
           
MFS/Sun Life Total Return Series S Class
05
2005
11.592
11.727
61,819
MFS/Sun Life Total Return Series S Class
05
2004
10.599
11.592
71,950
MFS/Sun Life Total Return Series S Class
05
2003
9.220
10.599
70,874
MFS/Sun Life Total Return Series S Class
05
2002
9.956
9.220
67,112
MFS/Sun Life Total Return Series S Class
05
2001
10.000
9.956
18,523
           
MFS/Sun Life Total Return Series S Class
06
2005
11.533
11.650
118,990
MFS/Sun Life Total Return Series S Class
06
2004
10.562
11.533
124,367
MFS/Sun Life Total Return Series S Class
06
2003
9.201
10.562
158,762
MFS/Sun Life Total Return Series S Class
06
2002
9.950
9.201
125,225
MFS/Sun Life Total Return Series S Class
06
2001
10.000
9.950
45,262
           
MFS/Sun Life Utilities Series S Class
01
2005
11.594
13.413
0
MFS/Sun Life Utilities Series S Class
01
2004
9.017
11.594
0
MFS/Sun Life Utilities Series S Class
01
2003
6.702
9.017
0
MFS/Sun Life Utilities Series S Class
01
2002
8.935
6.702
0
MFS/Sun Life Utilities Series S Class
01
2001
10.000
8.935
0
           
MFS/Sun Life Utilities Series S Class
02
2005
11.535
13.325
5,633
MFS/Sun Life Utilities Series S Class
02
2004
8.985
11.535
5,874
MFS/Sun Life Utilities Series S Class
02
2003
6.689
8.985
5,943
MFS/Sun Life Utilities Series S Class
02
2002
8.930
6.689
5,943
MFS/Sun Life Utilities Series S Class
02
2001
10.000
8.930
0
           
MFS/Sun Life Utilities Series S Class
03
2005
11.496
13.266
26,919
MFS/Sun Life Utilities Series S Class
03
2004
8.963
11.496
28,108
MFS/Sun Life Utilities Series S Class
03
2003
6.679
8.963
43,933
MFS/Sun Life Utilities Series S Class
03
2002
8.927
6.679
31,033
MFS/Sun Life Utilities Series S Class
03
2001
10.000
8.927
20,606
           
MFS/Sun Life Utilities Series S Class
04
2005
11.438
13.179
15,373
MFS/Sun Life Utilities Series S Class
04
2004
8.931
11.438
7,502
MFS/Sun Life Utilities Series S Class
04
2003
6.666
8.931
7,729
MFS/Sun Life Utilities Series S Class
04
2002
8.922
6.666
8,038
MFS/Sun Life Utilities Series S Class
04
2001
10.000
8.922
6,304
           
MFS/Sun Life Utilities Series S Class
05
2005
11.399
13.121
3,938
MFS/Sun Life Utilities Series S Class
05
2004
8.910
11.399
4,269
MFS/Sun Life Utilities Series S Class
05
2003
6.657
8.910
6,647
MFS/Sun Life Utilities Series S Class
05
2002
8.919
6.657
7,650
MFS/Sun Life Utilities Series S Class
05
2001
10.000
8.919
7,609
           
MFS/Sun Life Utilities Series S Class
06
2005
11.341
13.034
24,939
MFS/Sun Life Utilities Series S Class
06
2004
8.878
11.341
24,255
MFS/Sun Life Utilities Series S Class
06
2003
6.643
8.878
17,173
MFS/Sun Life Utilities Series S Class
06
2002
8.914
6.643
16,615
MFS/Sun Life Utilities Series S Class
06
2001
10.000
8.914
9,531
           
PIMCO Emerging Markets Bond Portfolio
01
2005
16.807
18.415
0
PIMCO Emerging Markets Bond Portfolio
01
2004
15.157
16.807
0
PIMCO Emerging Markets Bond Portfolio
01
2003
11.638
15.157
0
PIMCO Emerging Markets Bond Portfolio
01
2002
10.000
11.638
0
           
PIMCO Emerging Markets Bond Portfolio
02
2005
16.750
18.325
7,134
PIMCO Emerging Markets Bond Portfolio
02
2004
15.128
16.750
7,037
PIMCO Emerging Markets Bond Portfolio
02
2003
11.633
15.128
13,261
PIMCO Emerging Markets Bond Portfolio
02
2002
10.000
11.633
23,088
           
PIMCO Emerging Markets Bond Portfolio
03
2005
16.711
18.264
134,946
PIMCO Emerging Markets Bond Portfolio
03
2004
15.109
16.711
130,414
PIMCO Emerging Markets Bond Portfolio
03
2003
11.630
15.109
133,966
PIMCO Emerging Markets Bond Portfolio
03
2002
10.000
11.630
129,318
           
PIMCO Emerging Markets Bond Portfolio
04
2005
16.654
18.174
45,861
PIMCO Emerging Markets Bond Portfolio
04
2004
15.080
16.654
49,722
PIMCO Emerging Markets Bond Portfolio
04
2003
11.626
15.080
44,921
PIMCO Emerging Markets Bond Portfolio
04
2002
10.000
11.626
48,928
           
PIMCO Emerging Markets Bond Portfolio
05
2005
16.616
18.114
47,704
PIMCO Emerging Markets Bond Portfolio
05
2004
15.061
16.616
51,725
PIMCO Emerging Markets Bond Portfolio
05
2003
11.623
15.061
49,370
PIMCO Emerging Markets Bond Portfolio
05
2002
10.000
11.623
52,899
           
PIMCO Emerging Markets Bond Portfolio
06
2005
16.559
18.025
70,611
PIMCO Emerging Markets Bond Portfolio
06
2004
15.033
16.559
73,429
PIMCO Emerging Markets Bond Portfolio
06
2003
11.618
15.033
70,436
PIMCO Emerging Markets Bond Portfolio
06
2002
10.000
11.618
83,251
           
PIMCO High Yield Portfolio
01
2005
14.281
14.707
0
PIMCO High Yield Portfolio
01
2004
13.180
14.281
0
PIMCO High Yield Portfolio
01
2003
10.843
13.180
0
PIMCO High Yield Portfolio
01
2002
10.000
10.843
0
           
PIMCO High Yield Portfolio
02
2005
14.232
14.635
17,127
PIMCO High Yield Portfolio
02
2004
13.155
14.232
18,776
PIMCO High Yield Portfolio
02
2003
10.838
13.155
26,502
PIMCO High Yield Portfolio
02
2002
10.000
10.838
22,506
           
PIMCO High Yield Portfolio
03
2005
14.200
14.587
191,869
PIMCO High Yield Portfolio
03
2004
13.138
14.200
177,403
PIMCO High Yield Portfolio
03
2003
10.836
13.138
178,934
PIMCO High Yield Portfolio
03
2002
10.000
10.836
116,572
           
PIMCO High Yield Portfolio
04
2005
14.151
14.515
66,981
PIMCO High Yield Portfolio
04
2004
13.113
14.151
69,964
PIMCO High Yield Portfolio
04
2003
10.832
13.113
63,854
PIMCO High Yield Portfolio
04
2002
10.000
10.832
45,244
           
PIMCO High Yield Portfolio
05
2005
14.119
14.467
74,993
PIMCO High Yield Portfolio
05
2004
13.097
14.119
83,300
PIMCO High Yield Portfolio
05
2003
10.829
13.097
78,396
PIMCO High Yield Portfolio
05
2002
10.000
10.829
54,076
           
PIMCO High Yield Portfolio
06
2005
14.071
14.395
112,825
PIMCO High Yield Portfolio
06
2004
13.072
14.071
120,717
PIMCO High Yield Portfolio
06
2003
10.825
13.072
103,692
PIMCO High Yield Portfolio
06
2002
10.000
10.825
78,498
           
PIMCO Real Return Portfolio
01
2005
11.701
11.816
0
PIMCO Real Return Portfolio
01
2004
10.863
11.701
0
PIMCO Real Return Portfolio
01
2003
10.090
10.863
0
PIMCO Real Return Portfolio
01
2002
10.000
10.090
0
           
PIMCO Real Return Portfolio
02
2005
11.661
11.758
0
PIMCO Real Return Portfolio
02
2004
10.842
11.661
4,240
PIMCO Real Return Portfolio
02
2003
10.086
10.842
4,692
PIMCO Real Return Portfolio
02
2002
10.000
10.086
0
           
PIMCO Real Return Portfolio
03
2005
11.635
11.719
28,170
PIMCO Real Return Portfolio
03
2004
10.829
11.635
26,867
PIMCO Real Return Portfolio
03
2003
10.084
10.829
24,167
PIMCO Real Return Portfolio
03
2002
10.000
10.084
11,083
           
PIMCO Real Return Portfolio
04
2005
11.595
11.661
7,709
PIMCO Real Return Portfolio
04
2004
10.808
11.595
8,416
PIMCO Real Return Portfolio
04
2003
10.080
10.808
11,598
PIMCO Real Return Portfolio
04
2002
10.000
10.080
6,884
           
PIMCO Real Return Portfolio
05
2005
11.568
11.623
14,453
PIMCO Real Return Portfolio
05
2004
10.794
11.568
18,308
PIMCO Real Return Portfolio
05
2003
10.077
10.794
17,452
PIMCO Real Return Portfolio
05
2002
10.000
10.077
7,155
           
PIMCO Real Return Portfolio
06
2005
11.529
11.565
14,725
PIMCO Real Return Portfolio
06
2004
10.774
11.529
14,963
PIMCO Real Return Portfolio
06
2003
10.074
10.774
4,021
PIMCO Real Return Portfolio
06
2002
10.000
10.074
0
           
PIMCO Total Return Portfolio
01
2005
11.018
11.164
0
PIMCO Total Return Portfolio
01
2004
10.621
11.018
0
PIMCO Total Return Portfolio
01
2003
10.224
10.621
0
PIMCO Total Return Portfolio
01
2002
10.000
10.224
0
           
PIMCO Total Return Portfolio
02
2005
10.980
11.109
11,794
PIMCO Total Return Portfolio
02
2004
10.601
10.980
10,672
PIMCO Total Return Portfolio
02
2003
10.220
10.601
36,941
PIMCO Total Return Portfolio
02
2002
10.000
10.220
41,810
           
PIMCO Total Return Portfolio
03
2005
10.955
11.073
385,515
PIMCO Total Return Portfolio
03
2004
10.588
10.955
342,324
PIMCO Total Return Portfolio
03
2003
10.217
10.588
335,376
PIMCO Total Return Portfolio
03
2002
10.000
10.217
276,077
           
PIMCO Total Return Portfolio
04
2005
10.918
11.018
126,901
PIMCO Total Return Portfolio
04
2004
10.567
10.918
134,591
PIMCO Total Return Portfolio
04
2003
10.213
10.567
122,286
PIMCO Total Return Portfolio
04
2002
10.000
10.213
71,594
           
PIMCO Total Return Portfolio
05
2005
10.893
10.982
105,404
PIMCO Total Return Portfolio
05
2004
10.554
10.893
112,238
PIMCO Total Return Portfolio
05
2003
10.211
10.554
103,837
PIMCO Total Return Portfolio
05
2002
10.000
10.211
67,999
           
PIMCO Total Return Portfolio
06
2005
10.855
10.927
158,749
PIMCO Total Return Portfolio
06
2004
10.534
10.855
151,317
PIMCO Total Return Portfolio
06
2003
10.207
10.534
180,465
PIMCO Total Return Portfolio
06
2002
10.000
10.207
147,174
           
Rydex VT Nova Fund
01
2005
8.210
8.442
0
Rydex VT Nova Fund
01
2004
7.243
8.210
0
Rydex VT Nova Fund
01
2003
5.261
7.243
0
Rydex VT Nova Fund
01
2002
8.277
5.261
0
Rydex VT Nova Fund
01
2001
10.000
8.277
0
           
Rydex VT Nova Fund
02
2005
8.165
8.383
0
Rydex VT Nova Fund
02
2004
7.214
8.165
0
Rydex VT Nova Fund
02
2003
5.248
7.214
0
Rydex VT Nova Fund
02
2002
8.269
5.248
0
Rydex VT Nova Fund
02
2001
10.000
8.269
0
           
Rydex VT Nova Fund
03
2005
8.134
8.343
2,341
Rydex VT Nova Fund
03
2004
7.194
8.134
1,059
Rydex VT Nova Fund
03
2003
5.239
7.194
1,782
Rydex VT Nova Fund
03
2002
8.263
5.239
2,154
Rydex VT Nova Fund
03
2001
10.000
8.263
396
           
Rydex VT Nova Fund
04
2005
8.089
8.284
6,305
Rydex VT Nova Fund
04
2004
7.165
8.089
6,496
Rydex VT Nova Fund
04
2003
5.226
7.165
6,510
Rydex VT Nova Fund
04
2002
8.254
5.226
6,639
Rydex VT Nova Fund
04
2001
10.000
8.254
0
           
Rydex VT Nova Fund
05
2005
8.059
8.245
0
Rydex VT Nova Fund
05
2004
7.145
8.059
0
Rydex VT Nova Fund
05
2003
5.217
7.145
0
Rydex VT Nova Fund
05
2002
8.249
5.217
0
Rydex VT Nova Fund
05
2001
10.000
8.249
0
           
Rydex VT Nova Fund
06
2005
8.014
8.186
5,405
Rydex VT Nova Fund
06
2004
7.116
8.014
5,640
Rydex VT Nova Fund
06
2003
5.204
7.116
5,419
Rydex VT Nova Fund
06
2002
8.240
5.204
2,132
Rydex VT Nova Fund
06
2001
10.000
8.240
314
           
Rydex VT OTC Fund
01
2005
7.481
7.481
0
Rydex VT OTC Fund
01
2004
6.918
7.481
0
Rydex VT OTC Fund
01
2003
4.810
6.918
0
Rydex VT OTC Fund
01
2002
7.954
4.810
0
Rydex VT OTC Fund
01
2001
10.000
7.954
0
           
Rydex VT OTC Fund
02
2005
7.439
7.428
0
Rydex VT OTC Fund
02
2004
6.890
7.439
0
Rydex VT OTC Fund
02
2003
4.798
6.890
0
Rydex VT OTC Fund
02
2002
7.946
4.798
0
Rydex VT OTC Fund
02
2001
10.000
7.946
0
           
Rydex VT OTC Fund
03
2005
7.411
7.393
1,422
Rydex VT OTC Fund
03
2004
6.871
7.411
605
Rydex VT OTC Fund
03
2003
4.790
6.871
1,952
Rydex VT OTC Fund
03
2002
7.940
4.790
0
Rydex VT OTC Fund
03
2001
10.000
7.940
107
           
Rydex VT OTC Fund
04
2005
7.370
7.341
4,687
Rydex VT OTC Fund
04
2004
6.843
7.370
5,355
Rydex VT OTC Fund
04
2003
4.777
6.843
5,527
Rydex VT OTC Fund
04
2002
7.932
4.777
4,074
Rydex VT OTC Fund
04
2001
10.000
7.932
712
           
Rydex VT OTC Fund
05
2005
7.343
7.306
1,619
Rydex VT OTC Fund
05
2004
6.825
7.343
1,776
Rydex VT OTC Fund
05
2003
4.769
6.825
15,800
Rydex VT OTC Fund
05
2002
7.927
4.769
2,363
Rydex VT OTC Fund
05
2001
10.000
7.927
79
           
Rydex VT OTC Fund
06
2005
7.302
7.254
2,792
Rydex VT OTC Fund
06
2004
6.797
7.302
10,783
Rydex VT OTC Fund
06
2003
4.757
6.797
3,190
Rydex VT OTC Fund
06
2002
7.919
4.757
6,419
Rydex VT OTC Fund
06
2001
10.000
7.919
68
           
Sun Cap Value Small Cap Portfolio
01
2005
15.200
15.684
0
Sun Cap Value Small Cap Portfolio
01
2004
12.978
15.200
0
Sun Cap Value Small Cap Portfolio
01
2003
9.265
12.978
0
Sun Cap Value Small Cap Portfolio
01
2002
11.802
9.265
0
Sun Cap Value Small Cap Portfolio
01
2001
10.957
11.802
0
Sun Cap Value Small Cap Portfolio
01
2000
10.000
10.957
0
           
Sun Cap Value Small Cap Portfolio
02
2005
15.104
15.562
19,778
Sun Cap Value Small Cap Portfolio
02
2004
12.916
15.104
19,254
Sun Cap Value Small Cap Portfolio
02
2003
9.235
12.916
23,762
Sun Cap Value Small Cap Portfolio
02
2002
11.782
9.235
29,843
Sun Cap Value Small Cap Portfolio
02
2001
10.955
11.782
0
Sun Cap Value Small Cap Portfolio
02
2000
10.000
10.955
0
           
Sun Cap Value Small Cap Portfolio
03
2005
15.041
15.481
152,909
Sun Cap Value Small Cap Portfolio
03
2004
12.874
15.041
174,559
Sun Cap Value Small Cap Portfolio
03
2003
9.215
12.874
180,083
Sun Cap Value Small Cap Portfolio
03
2002
11.768
9.215
165,409
Sun Cap Value Small Cap Portfolio
03
2001
10.953
11.768
14,474
Sun Cap Value Small Cap Portfolio
03
2000
10.000
10.953
14
           
Sun Cap Value Small Cap Portfolio
04
2005
14.946
15.360
84,958
Sun Cap Value Small Cap Portfolio
04
2004
12.813
14.946
90,880
Sun Cap Value Small Cap Portfolio
04
2003
9.185
12.813
90,211
Sun Cap Value Small Cap Portfolio
04
2002
11.747
9.185
101,904
Sun Cap Value Small Cap Portfolio
04
2001
10.951
11.747
18,671
Sun Cap Value Small Cap Portfolio
04
2000
10.000
10.951
0
           
Sun Cap Value Small Cap Portfolio
05
2005
14.883
15.280
77,866
Sun Cap Value Small Cap Portfolio
05
2004
12.772
14.883
96,356
Sun Cap Value Small Cap Portfolio
05
2003
9.165
12.772
88,135
Sun Cap Value Small Cap Portfolio
05
2002
11.734
9.165
88,381
Sun Cap Value Small Cap Portfolio
05
2001
10.949
11.734
27,017
Sun Cap Value Small Cap Portfolio
05
2000
10.000
10.949
574
           
Sun Cap Value Small Cap Portfolio
06
2005
14.789
15.160
115,221
Sun Cap Value Small Cap Portfolio
06
2004
12.711
14.789
124,434
Sun Cap Value Small Cap Portfolio
06
2003
9.135
12.711
119,890
Sun Cap Value Small Cap Portfolio
06
2002
11.713
9.135
127,642
Sun Cap Value Small Cap Portfolio
06
2001
10.946
11.713
23,387
Sun Cap Value Small Cap Portfolio
06
2000
10.000
10.946
0
           
Sun Capital All Cap Fund
01
2005
13.505
13.261
0
Sun Capital All Cap Fund
01
2004
11.343
13.505
0
Sun Capital All Cap Fund
01
2003
7.501
11.343
0
Sun Capital All Cap Fund
01
2002
10.000
7.501
0
           
Sun Capital All Cap Fund
02
2005
13.450
13.187
0
Sun Capital All Cap Fund
02
2004
11.314
13.450
0
Sun Capital All Cap Fund
02
2003
7.494
11.314
0
Sun Capital All Cap Fund
02
2002
10.000
7.494
0
           
Sun Capital All Cap Fund
03
2005
13.414
13.138
1,621
Sun Capital All Cap Fund
03
2004
11.295
13.414
1,419
Sun Capital All Cap Fund
03
2003
7.489
11.295
1,026
Sun Capital All Cap Fund
03
2002
10.000
7.489
0
           
Sun Capital All Cap Fund
04
2005
13.359
13.065
1,276
Sun Capital All Cap Fund
04
2004
11.266
13.359
2,004
Sun Capital All Cap Fund
04
2003
7.481
11.266
0
Sun Capital All Cap Fund
04
2002
10.000
7.481
0
           
Sun Capital All Cap Fund
05
2005
13.323
13.017
582
Sun Capital All Cap Fund
05
2004
11.247
13.323
606
Sun Capital All Cap Fund
05
2003
7.476
11.247
0
Sun Capital All Cap Fund
05
2002
10.000
7.476
0
           
Sun Capital All Cap Fund
06
2005
13.269
12.944
0
Sun Capital All Cap Fund
06
2004
11.218
13.269
0
Sun Capital All Cap Fund
06
2003
7.468
11.218
0
Sun Capital All Cap Fund
06
2002
10.000
7.468
0
           
Sun Capital Blue Chip Mid
01
2005
11.750
13.551
0
Sun Capital Blue Chip Mid
01
2004
10.229
11.750
0
Sun Capital Blue Chip Mid
01
2003
7.600
10.229
0
Sun Capital Blue Chip Mid
01
2002
9.030
7.600
0
Sun Capital Blue Chip Mid
01
2001
9.439
9.030
0
Sun Capital Blue Chip Mid
01
2000
10.000
9.439
0
           
Sun Capital Blue Chip Mid
02
2005
11.676
13.446
14,610
Sun Capital Blue Chip Mid
02
2004
10.181
11.676
21,150
Sun Capital Blue Chip Mid
02
2003
7.575
10.181
21,672
Sun Capital Blue Chip Mid
02
2002
9.014
7.575
23,658
Sun Capital Blue Chip Mid
02
2001
9.437
9.014
6,661
Sun Capital Blue Chip Mid
02
2000
10.000
9.437
0
           
Sun Capital Blue Chip Mid
03
2005
11.627
13.375
114,794
Sun Capital Blue Chip Mid
03
2004
10.148
11.627
136,844
Sun Capital Blue Chip Mid
03
2003
7.559
10.148
133,431
Sun Capital Blue Chip Mid
03
2002
9.004
7.559
128,953
Sun Capital Blue Chip Mid
03
2001
9.436
9.004
42,463
Sun Capital Blue Chip Mid
03
2000
10.000
9.436
37
           
Sun Capital Blue Chip Mid
04
2005
11.554
13.271
85,440
Sun Capital Blue Chip Mid
04
2004
10.100
11.554
107,715
Sun Capital Blue Chip Mid
04
2003
7.534
10.100
110,453
Sun Capital Blue Chip Mid
04
2002
8.988
7.534
119,933
Sun Capital Blue Chip Mid
04
2001
9.434
8.988
47,917
Sun Capital Blue Chip Mid
04
2000
10.000
9.434
380
           
Sun Capital Blue Chip Mid
05
2005
11.505
13.202
113,471
Sun Capital Blue Chip Mid
05
2004
10.067
11.505
142,061
Sun Capital Blue Chip Mid
05
2003
7.517
10.067
144,806
Sun Capital Blue Chip Mid
05
2002
8.978
7.517
146,446
Sun Capital Blue Chip Mid
05
2001
9.432
8.978
113,610
Sun Capital Blue Chip Mid
05
2000
10.000
9.432
2,580
           
Sun Capital Blue Chip Mid
06
2005
11.432
13.098
136,928
Sun Capital Blue Chip Mid
06
2004
10.019
11.432
158,039
Sun Capital Blue Chip Mid
06
2003
7.493
10.019
153,862
Sun Capital Blue Chip Mid
06
2002
8.962
7.493
134,657
Sun Capital Blue Chip Mid
06
2001
9.430
8.962
57,758
Sun Capital Blue Chip Mid
06
2000
10.000
9.430
0
           
Sun Capital Davis Venture Value Fund
01
2005
10.531
11.429
0
Sun Capital Davis Venture Value Fund
01
2004
9.469
10.531
0
Sun Capital Davis Venture Value Fund
01
2003
7.337
9.469
0
Sun Capital Davis Venture Value Fund
01
2002
8.859
7.337
0
Sun Capital Davis Venture Value Fund
01
2001
10.021
8.859
0
Sun Capital Davis Venture Value Fund
01
2000
10.000
10.021
0
           
Sun Capital Davis Venture Value Fund
02
2005
10.465
11.340
0
Sun Capital Davis Venture Value Fund
02
2004
9.424
10.465
10,799
Sun Capital Davis Venture Value Fund
02
2003
7.313
9.424
22,660
Sun Capital Davis Venture Value Fund
02
2002
8.843
7.313
10,498
Sun Capital Davis Venture Value Fund
02
2001
10.018
8.843
10,498
Sun Capital Davis Venture Value Fund
02
2000
10.000
10.018
0
           
Sun Capital Davis Venture Value Fund
03
2005
10.421
11.280
67,133
Sun Capital Davis Venture Value Fund
03
2004
9.394
10.421
72,816
Sun Capital Davis Venture Value Fund
03
2003
7.297
9.394
85,230
Sun Capital Davis Venture Value Fund
03
2002
8.833
7.297
86,026
Sun Capital Davis Venture Value Fund
03
2001
10.017
8.833
56,739
Sun Capital Davis Venture Value Fund
03
2000
10.000
10.017
50
           
Sun Capital Davis Venture Value Fund
04
2005
10.355
11.192
67,886
Sun Capital Davis Venture Value Fund
04
2004
9.349
10.355
77,110
Sun Capital Davis Venture Value Fund
04
2003
7.273
9.349
79,224
Sun Capital Davis Venture Value Fund
04
2002
8.817
7.273
79,298
Sun Capital Davis Venture Value Fund
04
2001
10.015
8.817
55,311
Sun Capital Davis Venture Value Fund
04
2000
10.000
10.015
0
           
Sun Capital Davis Venture Value Fund
05
2005
10.312
11.134
69,597
Sun Capital Davis Venture Value Fund
05
2004
9.319
10.312
113,935
Sun Capital Davis Venture Value Fund
05
2003
7.257
9.319
129,997
Sun Capital Davis Venture Value Fund
05
2002
8.807
7.257
138,591
Sun Capital Davis Venture Value Fund
05
2001
10.013
8.807
125,202
Sun Capital Davis Venture Value Fund
05
2000
10.000
10.013
0
           
Sun Capital Davis Venture Value Fund
06
2005
10.246
11.047
93,190
Sun Capital Davis Venture Value Fund
06
2004
9.274
10.246
99,523
Sun Capital Davis Venture Value Fund
06
2003
7.233
9.274
86,794
Sun Capital Davis Venture Value Fund
06
2002
8.792
7.233
84,962
Sun Capital Davis Venture Value Fund
06
2001
10.011
8.792
58,032
Sun Capital Davis Venture Value Fund
06
2000
10.000
10.011
0
           
Sun Capital Investment Grade Bond Fund
01
2005
12.998
13.108
0
Sun Capital Investment Grade Bond Fund
01
2004
12.350
12.998
0
Sun Capital Investment Grade Bond Fund
01
2003
11.388
12.350
0
Sun Capital Investment Grade Bond Fund
01
2002
10.946
11.388
0
Sun Capital Investment Grade Bond Fund
01
2001
10.321
10.946
0
Sun Capital Investment Grade Bond Fund
01
2000
10.000
10.321
0
           
Sun Capital Investment Grade Bond Fund
02
2005
12.916
13.006
0
Sun Capital Investment Grade Bond Fund
02
2004
12.291
12.916
22,791
Sun Capital Investment Grade Bond Fund
02
2003
11.351
12.291
25,220
Sun Capital Investment Grade Bond Fund
02
2002
10.927
11.351
27,803
Sun Capital Investment Grade Bond Fund
02
2001
10.319
10.927
27,803
Sun Capital Investment Grade Bond Fund
02
2000
10.000
10.319
0
           
Sun Capital Investment Grade Bond Fund
03
2005
12.862
12.938
77,568
Sun Capital Investment Grade Bond Fund
03
2004
12.252
12.862
87,844
Sun Capital Investment Grade Bond Fund
03
2003
11.326
12.252
104,224
Sun Capital Investment Grade Bond Fund
03
2002
10.914
11.326
158,014
Sun Capital Investment Grade Bond Fund
03
2001
10.317
10.914
82,066
Sun Capital Investment Grade Bond Fund
03
2000
10.000
10.317
47
           
Sun Capital Investment Grade Bond Fund
04
2005
12.781
12.837
54,386
Sun Capital Investment Grade Bond Fund
04
2004
12.193
12.781
61,681
Sun Capital Investment Grade Bond Fund
04
2003
11.289
12.193
69,236
Sun Capital Investment Grade Bond Fund
04
2002
10.895
11.289
60,231
Sun Capital Investment Grade Bond Fund
04
2001
10.315
10.895
72,798
Sun Capital Investment Grade Bond Fund
04
2000
10.000
10.315
0
           
Sun Capital Investment Grade Bond Fund
05
2005
12.727
12.770
53,868
Sun Capital Investment Grade Bond Fund
05
2004
12.154
12.727
58,120
Sun Capital Investment Grade Bond Fund
05
2003
11.265
12.154
74,906
Sun Capital Investment Grade Bond Fund
05
2002
10.882
11.265
83,657
Sun Capital Investment Grade Bond Fund
05
2001
10.313
10.882
120,850
Sun Capital Investment Grade Bond Fund
05
2000
10.000
10.313
0
           
Sun Capital Investment Grade Bond Fund
06
2005
12.647
12.670
80,072
Sun Capital Investment Grade Bond Fund
06
2004
12.096
12.647
82,520
Sun Capital Investment Grade Bond Fund
06
2003
11.228
12.096
89,734
Sun Capital Investment Grade Bond Fund
06
2002
10.863
11.228
95,008
Sun Capital Investment Grade Bond Fund
06
2001
10.311
10.863
98,737
Sun Capital Investment Grade Bond Fund
06
2000
10.000
10.311
0
           
Sun Capital Money Market Fund
01
2005
10.226
10.393
0
Sun Capital Money Market Fund
01
2004
10.264
10.226
0
Sun Capital Money Market Fund
01
2003
10.322
10.264
0
Sun Capital Money Market Fund
01
2002
10.320
10.322
0
Sun Capital Money Market Fund
01
2001
10.074
10.320
0
Sun Capital Money Market Fund
01
2000
10.000
10.074
0
           
Sun Capital Money Market Fund
02
2005
10.162
10.312
45,632
Sun Capital Money Market Fund
02
2004
10.215
10.162
59,102
Sun Capital Money Market Fund
02
2003
10.288
10.215
264
Sun Capital Money Market Fund
02
2002
10.302
10.288
24,518
Sun Capital Money Market Fund
02
2001
10.072
10.302
20,710
Sun Capital Money Market Fund
02
2000
10.000
10.072
0
           
Sun Capital Money Market Fund
03
2005
10.119
10.258
165,062
Sun Capital Money Market Fund
03
2004
10.183
10.119
191,231
Sun Capital Money Market Fund
03
2003
10.266
10.183
216,676
Sun Capital Money Market Fund
03
2002
10.290
10.266
399,105
Sun Capital Money Market Fund
03
2001
10.070
10.290
81,043
Sun Capital Money Market Fund
03
2000
10.000
10.070
5
           
Sun Capital Money Market Fund
04
2005
10.055
10.178
68,141
Sun Capital Money Market Fund
04
2004
10.134
10.055
78,062
Sun Capital Money Market Fund
04
2003
10.232
10.134
91,374
Sun Capital Money Market Fund
04
2002
10.272
10.232
101,657
Sun Capital Money Market Fund
04
2001
10.068
10.272
25,925
Sun Capital Money Market Fund
04
2000
10.000
10.068
3,906
           
Sun Capital Money Market Fund
05
2005
10.013
10.125
79,737
Sun Capital Money Market Fund
05
2004
10.102
10.013
123,415
Sun Capital Money Market Fund
05
2003
10.210
10.102
100,470
Sun Capital Money Market Fund
05
2002
10.260
10.210
139,733
Sun Capital Money Market Fund
05
2001
10.067
10.260
118,544
Sun Capital Money Market Fund
05
2000
10.000
10.067
0
           
Sun Capital Money Market Fund
06
2005
9.950
10.046
120,642
Sun Capital Money Market Fund
06
2004
10.053
9.950
183,265
Sun Capital Money Market Fund
06
2003
10.176
10.053
96,973
Sun Capital Money Market Fund
06
2002
10.242
10.176
158,289
Sun Capital Money Market Fund
06
2001
10.064
10.242
76,212
Sun Capital Money Market Fund
06
2000
10.000
10.064
0
           
Sun Capital Real Estate Fund
01
2005
22.283
24.170
0
Sun Capital Real Estate Fund
01
2004
16.900
22.283
0
Sun Capital Real Estate Fund
01
2003
12.570
16.900
0
Sun Capital Real Estate Fund
01
2002
12.209
12.570
0
Sun Capital Real Estate Fund
01
2001
10.968
12.209
0
Sun Capital Real Estate Fund
01
2000
10.000
10.968
0
           
Sun Capital Real Estate Fund
02
2005
22.143
23.982
7,127
Sun Capital Real Estate Fund
02
2004
16.820
22.143
11,891
Sun Capital Real Estate Fund
02
2003
12.529
16.820
16,160
Sun Capital Real Estate Fund
02
2002
12.188
12.529
15,865
Sun Capital Real Estate Fund
02
2001
10.966
12.188
4,635
Sun Capital Real Estate Fund
02
2000
10.000
10.966
0
           
Sun Capital Real Estate Fund
03
2005
22.050
23.857
83,945
Sun Capital Real Estate Fund
03
2004
16.766
22.050
87,641
Sun Capital Real Estate Fund
03
2003
12.501
16.766
99,273
Sun Capital Real Estate Fund
03
2002
12.174
12.501
104,456
Sun Capital Real Estate Fund
03
2001
10.964
12.174
10,385
Sun Capital Real Estate Fund
03
2000
10.000
10.964
18
           
Sun Capital Real Estate Fund
04
2005
21.911
23.671
38,025
Sun Capital Real Estate Fund
04
2004
16.686
21.911
45,904
Sun Capital Real Estate Fund
04
2003
12.461
16.686
56,720
Sun Capital Real Estate Fund
04
2002
12.153
12.461
52,923
Sun Capital Real Estate Fund
04
2001
10.962
12.153
13,751
Sun Capital Real Estate Fund
04
2000
10.000
10.962
0
           
Sun Capital Real Estate Fund
05
2005
21.819
23.547
49,885
Sun Capital Real Estate Fund
05
2004
16.633
21.819
61,772
Sun Capital Real Estate Fund
05
2003
12.433
16.633
73,021
Sun Capital Real Estate Fund
05
2002
12.138
12.433
70,998
Sun Capital Real Estate Fund
05
2001
10.960
12.138
22,211
Sun Capital Real Estate Fund
05
2000
10.000
10.960
557
           
Sun Capital Real Estate Fund
06
2005
21.681
23.363
72,697
Sun Capital Real Estate Fund
06
2004
16.553
21.681
69,157
Sun Capital Real Estate Fund
06
2003
12.393
16.553
72,290
Sun Capital Real Estate Fund
06
2002
12.117
12.393
67,825
Sun Capital Real Estate Fund
06
2001
10.958
12.117
17,653
Sun Capital Real Estate Fund
06
2000
10.000
10.958
0
           
Sun Capital Select Equity Fund
01
2005
10.000
10.000
0
Sun Capital Select Equity Fund
01
2004
7.088
10.000
0
Sun Capital Select Equity Fund
01
2003
5.472
7.088
0
Sun Capital Select Equity Fund
01
2002
7.637
5.472
0
Sun Capital Select Equity Fund
01
2001
9.220
7.637
0
Sun Capital Select Equity Fund
01
2000
10.000
9.220
0
           
Templeton Foreign Securities Fund Class 2
01
2005
16.034
17.471
0
Templeton Foreign Securities Fund Class 2
01
2004
13.679
16.034
0
Templeton Foreign Securities Fund Class 2
01
2003
10.461
13.679
0
Templeton Foreign Securities Fund Class 2
01
2002
10.000
10.461
0
           
Templeton Foreign Securities Fund Class 2
02
2005
15.979
17.385
0
Templeton Foreign Securities Fund Class 2
02
2004
13.653
15.979
0
Templeton Foreign Securities Fund Class 2
02
2003
10.457
13.653
0
Templeton Foreign Securities Fund Class 2
02
2002
10.000
10.457
0
           
Templeton Foreign Securities Fund Class 2
03
2005
15.943
17.328
8,444
Templeton Foreign Securities Fund Class 2
03
2004
13.635
15.943
8,309
Templeton Foreign Securities Fund Class 2
03
2003
10.454
13.635
11,519
Templeton Foreign Securities Fund Class 2
03
2002
10.000
10.454
5,084
           
Templeton Foreign Securities Fund Class 2
04
2005
15.888
17.242
3,886
Templeton Foreign Securities Fund Class 2
04
2004
13.609
15.888
5,625
Templeton Foreign Securities Fund Class 2
04
2003
10.450
13.609
5,789
Templeton Foreign Securities Fund Class 2
04
2002
10.000
10.450
0
           
Templeton Foreign Securities Fund Class 2
05
2005
15.852
17.185
5,657
Templeton Foreign Securities Fund Class 2
05
2004
13.592
15.852
8,456
Templeton Foreign Securities Fund Class 2
05
2003
10.447
13.592
5,223
Templeton Foreign Securities Fund Class 2
05
2002
10.000
10.447
0
           
Templeton Foreign Securities Fund Class 2
06
2005
15.798
17.100
3,742
Templeton Foreign Securities Fund Class 2
06
2004
13.566
15.798
3,393
Templeton Foreign Securities Fund Class 2
06
2003
10.443
13.566
2,544
Templeton Foreign Securities Fund Class 2
06
2002
10.000
10.443
0
           
Templeton Growth Securities Fund Class 2
01
2005
15.897
17.116
0
Templeton Growth Securities Fund Class 2
01
2004
13.854
15.897
0
Templeton Growth Securities Fund Class 2
01
2003
10.601
13.854
0
Templeton Growth Securities Fund Class 2
01
2002
10.000
10.601
0
           
Templeton Growth Securities Fund Class 2
02
2005
15.842
17.031
0
Templeton Growth Securities Fund Class 2
02
2004
13.827
15.842
0
Templeton Growth Securities Fund Class 2
02
2003
10.597
13.827
0
Templeton Growth Securities Fund Class 2
02
2002
10.000
10.597
0
           
Templeton Growth Securities Fund Class 2
03
2005
15.806
16.975
3,704
Templeton Growth Securities Fund Class 2
03
2004
13.810
15.806
2,598
Templeton Growth Securities Fund Class 2
03
2003
10.594
13.810
497
Templeton Growth Securities Fund Class 2
03
2002
10.000
10.594
0
           
Templeton Growth Securities Fund Class 2
04
2005
15.752
16.892
1,518
Templeton Growth Securities Fund Class 2
04
2004
13.783
15.752
238
Templeton Growth Securities Fund Class 2
04
2003
10.590
13.783
242
Templeton Growth Securities Fund Class 2
04
2002
10.000
10.590
0
           
Templeton Growth Securities Fund Class 2
05
2005
15.716
16.836
2,581
Templeton Growth Securities Fund Class 2
05
2004
13.766
15.716
2,276
Templeton Growth Securities Fund Class 2
05
2003
10.587
13.766
729
Templeton Growth Securities Fund Class 2
05
2002
10.000
10.587
0
           
Templeton Growth Securities Fund Class 2
06
2005
15.662
16.753
1,364
Templeton Growth Securities Fund Class 2
06
2004
13.740
15.662
13,805
Templeton Growth Securities Fund Class 2
06
2003
10.583
13.740
0
Templeton Growth Securities Fund Class 2
06
2002
10.000
10.583
0



 
 

 



































SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
P.O. Box 9133
Wellesley Hills, Massachusetts 02481
 
TELEPHONE:
Toll Free (800) 752-7215
 
GENERAL DISTRIBUTOR
Clarendon Insurance Agency, Inc.
One Sun Life Executive Park
Wellesley Hills, Massachusetts 02481
 
 
 
 
 




 
 

 


PART II
INFORMATION NOT REQUIRED IN PROSPECTUS.

ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.

The expenses incurred by the registrant in connection with the issuance and distribution of the securities registered hereby, other than underwriting discounts and commissions, are as follows*:

SEC Registration Fee
$        100
Printing and Engraving
   15,000
Accounting Fees and Expenses
   10,000
Legal Fees and Expenses
  15,000
   
 
$40,100
-----------------

*   Except for SEC Registration Fee, all expenses are estimates

ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

Sun Life Assurance Company of Canada (U.S.)

Article 8 of the By-Laws of Sun Life Assurance Company of Canada (U.S.), as amended March 14, 2004, provides for indemnification of directors and officers as follows:

"Section 8.01.  General.  The corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation), by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, have reasonable cause to believe that his or her conduct was unlawful.

Section 8.02.  Actions by or in the Right of the Corporation.  The corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture or trust or other enterprise, against expenses (including attorneys’ fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

Section 8.03  Indemnification Against Expenses.  To the extent that a present or former director or officer of the corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Sections 8.01 and 8.02 hereof, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection therewith.

Section 8.04.  Board Determinations.  Any indemnification under Sections 8.01 and 8.02 hereof (unless ordered by a court) shall be made by the corporation only as authorized in the specific case upon a determination that indemnification of the present or former director, officer, employee or agent is proper in the circumstances because the person has met the applicable standard of conduct set forth in Sections 8.01 and 8.02 hereof. Such determination shall be made, with respect to a person who is a director or officer at the time of such determination, (1) by a majority vote of the directors who were not parties to such action, suit or proceeding, even though less than a quorum, or (2) by a committee of such directors designated by majority vote of such directors, even though less than a quorum, or (3) if there are no such disinterested directors or if such directors so direct, by independent legal counsel in a written opinion, or (4) by the stockholders.

Section 8.05.  Advancement of Expenses.  Expenses including attorneys’ fees incurred by an officer or director in defending a civil or criminal action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the corporation as authorized by law or in this Article. Such expenses incurred by former directors and officers or other employees and agents may be so paid upon such terms and conditions, if any, as the corporation deems appropriate.

Section 8.06.  Nonexclusive.  The indemnification and advancement of expenses provided by, or granted pursuant to, this Article shall not be deemed exclusive of any other rights to which any director, officer, employee or agent of the corporation seeking indemnification or advancement of expenses may be entitled under any other bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such person’s official capacity and as to action in another capacity while holding such office, and shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent of the corporation and shall inure to the benefit of the heirs, executors and administrators of such a person.

Section 8.07.  Insurance.  The corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against such person and incurred by such person in any such capacity or arising out of such person’s status as such, whether or not the corporation would have the power to indemnify such person against such liability under the provisions of applicable statutes, the certificate of incorporation or this Article.

Section 8.08.  Certain Definitions.  For purposes of this Article, (a) references to "the corporation" shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger that, if its separate existence had continued, would have had power and authority to indemnify its directors, officers and employees or agents, so that any person who is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under the provisions of this Article with respect to the resulting or surviving corporation as such person would have with respect to such constituent corporation if its separate existence had continued; (b) references to "other enterprises" shall include employee benefit plans; (c) references to "fines" shall include any excise taxes assessed on a person with respect to an employee benefit plan; and (d) references to "serving at the request of the corporation" shall include any service as a director, officer, employee or agent of the corporation that imposes duties on, or involves services by, such director, officer, employee or agent with respect to any employee benefit plan, its participants, or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner "not opposed to the best interests of the corporation" as referred to in this Article.

Section 8.09.  Change in Governing Law.  In the event of any amendment or addition to Section 145 of the General Corporation Law of the State of Delaware or the addition of any other section to such law that limits indemnification rights thereunder, the corporation shall, to the extent permitted by the General Corporation Law of the State of Delaware, indemnify to the fullest extent authorized or permitted hereunder, any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (including an action by or in the right of the corporation), by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with such action, suit or proceeding."

ITEM 16. EXHIBITS

Exhibit

Number Description
------------------

(1)
Underwriting Agreement (Incorporated by reference from Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998)
   
(4)(a)
Specimen Flexible Payment Combination Fixed/Variable Group Annuity Contract (Incorporated herein by reference from Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-41438, filed on September 25, 2000)
   
(4)(b)
Specimen Certificate to be used in connection with the Contract filed as Exhibit 4(a) (Incorporated by reference from Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-41438,  filed on September 25, 2000)
   
(4)(c)
Specimen Flexible Payment Combination Fixed/Variable Individual Annuity Contract (Incorporated herein by reference from Pre-effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-41438, filed on September 25, 2000)
   
(4)(d)
Specimen Revised Specifications Page to be issued with Certificate filed in Exhibit 4(b) (Incorporated by reference from Post-Effective Amendment No. 2 to Form N-4 Registration Statement, File No. 333-41438, filed April, 2001)
   
(4)(e)
Specimen Revised Specifications Page to be issued with Individual Annuity Contract filed in Exhibit 4(c) (Incorporated by reference from Post-Effective Amendment No. 2 to Form N-4 Registration Statement, File No. 333-41438, filed April, 2001)
   
(5)
Opinion and Consent of Counsel regarding legality of annuity contracts providing for the market value adjustment interests being registered*
(23)(a)
Consent of Independent Registered Public Accounting Firm (to be filed by amendment)
   
(23)(b)
Consent of Counsel (included as part of the opinion filed as Exhibit 5)
   
(24)
Powers of Attorney (included as part of the Signature pages to this Registration Statement)





*Filed herewith

 
 

 


ITEM 17. UNDERTAKINGS

(a) The undersigned Registrant hereby undertakes:

        (1)  To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement

(i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

(ii) to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; and

(iii) to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

Provided, however, that paragraphs (a)(1)(i), (ii) and (iii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission  by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement.

        (2)  That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

        (3)  To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

        (4)  That, each prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness; provided, however, that no statement made in the registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

        (5)  That, for the purpose of determining liability of the Registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned Registrant undertakes that, in a primary offering of securities pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i)  any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424 under the Securities Act of 1933;

(ii)  any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant;

(iii)  any portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant;  and

(iv)  any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.


 
 

 


(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

        Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of a Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.





 
 

 

 SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the Registrant, Sun Life Assurance Company of Canada (U.S.), certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3* and has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the Town of Wellesley Hills, Commonwealth of Massachusetts, on the 25th day of November, 2008.

 
Sun Life Assurance Company of Canada (U.S.)
 
(Registrant)
   
 
By:  /s/ Westley V. Thompson
 
       Westley V. Thompson
 
       President, SLF U.S.

Attest:
/s/ Sandra M. DaDalt
 
Sandra M. DaDalt
 
Assistant Vice President and Senior Counsel

SIGNATURES AND POWERS OF ATTORNEY

     We the undersigned officers and directors of Sun Life Assurance Company of Canada (U.S.) hereby constitute and appoint Susan J. Lazzo, Michael S. Bloom, James J. Klopper, Sandra M. DaDalt, and Elizabeth B. Love, and each of them singly, our attorneys-in-fact, with full power to any of them, to sign, for each of us, in our names and in the capacities indicated below, the Registration Statement of Sun Life Assurance Company of Canada (U.S.) on Form S-3 filed herewith and any and all pre-effective and post-effective amendments to said Registration Statement under the Securities Act of 1933 and to deliver and file the same, with exhibits thereto, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact or his or her substitute or substitutes may do or cause to be done by virtue hereof. This power of attorney may be executed in counterparts.

     Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

SIGNATURE
TITLE
DATE
     
     
/s/ Westley V. Thompson
President, SLF U.S. and Director
November 25, 2008
Westley V. Thompson
(Principal Executive Officer)
 
     
/s/ Ronald H. Friesen
Senior Vice President and Chief Financial Officer and
November 25, 2008
Ronald H. Friesen
Treasurer and Director
 
 
(Principal Financial Officer)
 
     
/s/ Michael K. Moran
Vice President and Chief Accounting Officer
November 25, 2008
Michael K. Moran
(Principal Accounting Officer)
 
     
/s/ Jon A. Boscia
Director
November 25, 2008
Jon A. Boscia
   
     
/s/ Scott M. Davis
Director
November 25, 2008
Scott M.Davis
   
     
/s/ Richard P. McKenney
Director
November 25, 2008
Richard P. McKenney
   
     
/s/ Terrence J. Mullen
Director
November 25, 2008
Terrence J. Mullen
   

* In making this representation the Registrant relies on Instruction 3 to the Signatures requirement for Form S-3 in that, to the extent that the registered securities have not received an investment grade rating, Registrant reasonably believes that such rating will be obtained before the first sale of those securities pursuant to this Registration Statement.