SUPPLEMENT DATED June 14, 2012

To the variable annuity prospectuses of:

Allianz VisionSM , Allianz ConnectionsSM, and Allianz Vision New YorkSM

Dated June 14, 2012, for Contracts issued on or after May 2, 2011

and

Allianz VisionSM and Allianz Vision New YorkSM

Dated June 14, 2012, for Contracts issued on or prior to April 29, 2011

ISSUED BY

Allianz Life Insurance Company of North America and Allianz Life Variable Account B and

Allianz Life Insurance Company of New York and Allianz Life of NY Variable Account C

This supplement updates certain information contained in the prospectus and should be

 attached to the prospectus and retained for future reference.

The benefits offered through this prospectus are not available until July 9, 2012.

PRO-001-0612

(VSN-159, CNT-062-WW, VNY-146, VSN-042, VNY-003)

THE ALLIANZ VISIONSM VARIABLE ANNUITY CONTRACT

ISSUED BY ALLIANZ LIFE® VARIABLE ACCOUNT B AND

ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA

This prospectus describes an individual flexible purchase payment variable deferred annuity contract (Contract) issued by Allianz Life Insurance Company of North America (Allianz Life®, we, us, our).

The Base Contract offers you, the Owner, standard features including: a seven-year withdrawal charge period, multiple variable investment options (Investment Options) and annuitization options (Annuity Options), a free withdrawal privilege, and a death benefit (Traditional Death Benefit). The Contract offers optional benefits, for an additional charge:

Bonus Option provides a 6% bonus on the money you put into the Contract (Purchase Payments) subject to a vesting schedule. Bonus annuity contracts generally have higher charges than contracts without a bonus and therefore, the charges may be greater than the bonus. Short Withdrawal Charge Option shortens the withdrawal charge period to four years. No Withdrawal Charge Option eliminates the withdrawal charge. Quarterly Value Death Benefit locks in any quarterly investment gains (Quarterly Anniversary Value) to potentially provide an increased death benefit.

If you selected the No Withdrawal Charge Option or Quarterly Value Death Benefit, you must also have either Income Protector, Investment Protector, or one of the previously available Lifetime or Target Date Benefits (an Additional Required Benefit).

Income Protectorprovides guaranteed lifetime income (Lifetime Plus Payments) until annuitization. We base payments on a value (Benefit Base) that is at least equal to total Purchase Payments adjusted for withdrawals plus a quarterly simple interest increase (Annual Increase).

Income Protector allows access to your investment value (Contract Value) and death benefit for a period of time after payments begin. Payments can begin as early as age 60 or as late as age 90. If you are required to annuitize your Contract as a result of current tax law, which may occur at age 95 or later, we provide an annuity option with payments at least equal to the Lifetime Plus Payments you are then receiving as described in section 9, The Annuity Phase – When Annuity Payments Begin.

Investment Protector provides a level of protection for your principal and any annual investment gains (Target Value), on a future date if you hold the Contract for the required period.

If you select Income Protector or Investment Protector, we restrict your Investment Option selection and allocations and rebalance your Contract Value quarterly. Withdrawals reduce the guaranteed values provided by the Quarterly Value Death Benefit, Income Protector, and Investment Protector, and may cause these benefits to end prematurely. For optional benefit availability, see section 11, Selection of Optional Benefits and check with your Financial Professional, the person who provided you advice regarding this Contract. All guarantees under the Contract are the obligations of Allianz Life and are subject to our claims paying ability.

Please read this prospectus before investing and keep it for future reference. It contains important information about your annuity and Allianz Life that you ought to know before investing. This prospectus is not an offering in any state, country, or jurisdiction in which we are not authorized to sell the Contracts. You should rely only on the information contained in this prospectus. We have not authorized anyone to give you different information.

Allianz Life Variable Account B is the Separate Account that holds the assets that underlie the Contract. Additional information about the Separate Account has been filed with the Securities and Exchange Commission (SEC) and is available upon written or oral request without charge, or on the EDGAR database on the SEC’s website (http://www.sec.gov). A Statement of Additional Information (SAI) dated the same date as this prospectus includes additional information about the annuity offered by this prospectus. The SAI is incorporated by reference into this prospectus. The SAI is filed with the SEC and is available without charge by contacting us at the telephone number or address listed at the back of this prospectus. The SAI’s table of contents appears after the Privacy and Security Statement in this prospectus. The prospectus, SAI and other Contract information are also available on the EDGAR database.

The SEC has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. An investment in this Contract is not a deposit of a bank or financial institution and is not federally insured or guaranteed by the Federal Deposit Insurance Corporation or any other federal government agency. An investment in this Contract involves investment risk including the possible loss of principal. Variable annuity contracts are complex insurance and investment vehicles. Before you invest, be sure to ask your Financial Professional about the Contract’s features, benefits, risks and fees, and whether the Contract is appropriate for you based upon your financial situation and objectives.

Dated: June 14, 2012

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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Versions of Optional Benefits That Are No Longer Available

The prospectus appendices include information on features, charges and available Investment Options for the following versions of benefits we no longer offer. The benefit version identifier (for example, (05.11)) is located in your rider.

Appendix	Benefit Version No Longer Available	Available From	Available Through
D	Lifetime Plus Benefit	May 1, 2007	January 25, 2009
	Lifetime Plus II Benefit	November 12, 2007	March 31, 2009
	Lifetime Plus 10 Benefit	July 17, 2008	March 31, 2009
E	Target Date Retirement Benefit	March 17, 2008	January 25, 2009
	Target Date 10 Benefit	January 26, 2009	March 31, 2009
F	Quarterly Value Death Benefit	May 1, 2007	April 30, 2010
G	Income Protector (08.09)	July 22, 2009	April 30, 2010
	Income Protector (05.10)	May 3, 2010	April 29, 2011
	Income Protector (05.11)	May 2, 2011	January 22, 2012
	Income Protector (01.12)	January 23, 2012	April 29, 2012
	Investment Protector (08.09)	July 22, 2009	April 30, 2010
	Investment Protector (05.10)	May 2, 2010	January 22, 2012
	Investment Protector (01.12)	January 23, 2012	July 6, 2012

If you select one of the living benefits–Income Protector or Investment Protector–we restrict your Investment Option selection and allocations, and rebalance your Contract Value quarterly.

The Investment Options below are available as follows:

Investment Options:	Available with:
All Investment Options except those with a (2)	Base Contract, as long as you do not select a living benefit
Investment Options with a (1) or (2)	Current version of Income Protector
All Investment Options except those with a (2) or (3)	Current version of Investment Protector

INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT

ALLIANZ FUND OF FUNDS AZL® Balanced Index Strategy Fund AZL FusionSM Balanced Fund AZL FusionSM Conservative Fund AZL FusionSM Growth Fund AZL FusionSM Moderate Fund AZL® Growth Index Strategy Fund AZL® MVP Balanced Index Strategy Fund(1),(2) AZL® MVP BlackRock Global Allocation Fund(1),(2) AZL® MVP Franklin Templeton Founding Strategy Plus Fund(1),(2) AZL MVP FusionSM Balanced Fund(1),(2) AZL MVP FusionSM Moderate Fund(1),(2) AZL® MVP Growth Index Strategy Fund(1),(2) AZL® MVP Invesco Equity and Income Fund(1),(2) ALLIANZ GLOBAL INVESTORS CAPITAL AZL® Allianz AGIC Opportunity Fund(3) BLACKROCK AZL® BlackRock Capital Appreciation Fund AZL® International Index Fund AZL® Mid Cap Index Fund AZL® Money Market Fund(1) AZL® S&P 500 Index Fund AZL® Small Cap Stock Index Fund(3) BlackRock Global Allocation V.I. Fund COLUMBIA AZL® Columbia Mid Cap Value Fund AZL® Columbia Small Cap Value Fund(3) DAVIS AZL® Davis New York Venture Fund Davis VA Financial Portfolio(3) DREYFUS AZL® Dreyfus Research Growth Fund EATON VANCE AZL® Eaton Vance Large Cap Value Fund FEDERATED AZL® Federated Clover Small Value Fund(3) FIDELITY Fidelity VIP FundsManager 50% Portfolio Fidelity VIP FundsManager 60% Portfolio FRANKLIN TEMPLETON AZL® Franklin Templeton Founding Strategy Plus Fund Franklin High Income Securities Fund(3) Franklin Income Securities Fund(1) Franklin Templeton VIP Founding Funds Allocation Fund(3) Franklin U.S. Government Fund(1) Mutual Shares Securities Fund Templeton Global Bond Securities Fund(1) Templeton Growth Securities Fund GATEWAY AZL® Gateway Fund INVESCO AZL® Invesco Equity and Income Fund AZL® Invesco Growth and Income Fund AZL® Invesco International Equity Fund J.P. MORGAN AZL® JPMorgan International Opportunities Fund AZL® JPMorgan U.S. Equity Fund MFS AZL® MFS Investors Trust Fund MORGAN STANLEY AZL® Morgan Stanley Global Real Estate Fund(3) AZL® Morgan Stanley Mid Cap Growth Fund OPPENHEIMER FUNDS AZL® Oppenheimer Discovery Fund(3) PIMCO PIMCO EqS Pathfinder Portfolio PIMCO VIT All Asset Portfolio(1) PIMCO VIT CommodityRealReturn® Strategy Portfolio(3) PIMCO VIT Emerging Markets Bond Portfolio(3) PIMCO VIT Global Advantage Strategy Bond Portfolio(1) PIMCO VIT Global Bond Portfolio (Unhedged)(3) PIMCO VIT Global Multi-Asset Managed Volatility Portfolio(1),(2) PIMCO VIT Global Multi-Asset Portfolio PIMCO VIT High Yield Portfolio(1) PIMCO VIT Real Return Portfolio(1) PIMCO VIT Total Return Portfolio(1) PIMCO VIT Unconstrained Bond Portfolio(1) SCHRODER AZL® Schroder Emerging Markets Equity Fund(3)

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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TABLE OF CONTENTS

Glossary	4	8.  Access to Your Money	36
Fee Tables	8	Free Withdrawal Privilege	38
Owner Transaction Expenses	8	Systematic Withdrawal Program	38
Owner Periodic Expenses	8	Minimum Distribution Program and Required Minimum
Annual Operating Expenses of the Investment Options	9	Distribution (RMD) Payments	39
Examples	10	Waiver of Withdrawal Charge Benefit	39
1.  The Variable Annuity Contract	11	Suspension of Payments or Transfers	39
State Specific Contract Restrictions	12	9.  The Annuity Phase	40
When the Contract Ends	12	Calculating Your Annuity Payments	40
2.  Ownership, Annuitants, Covered Persons, and Payees	12	Variable or Fixed Annuity Payments	40
Owner	12	Annuity Payment Options	41
Joint Owner	12	When Annuity Payments Begin	41
Annuitant	13	Partial Annuitization	42
Beneficiary	13	10. Death Benefit	43
Covered Person(s)	14	Traditional Death Benefit	43
Payee	15	Death of the Owner and/or Annuitant	43
Assignment, Changes of Ownership and		Death Benefit Payment Options During the
Other Transfers of a Contract	15	Accumulation Phase	44
3.  Purchasing the Contract	16	11. Selection of Optional Benefits	45
Purchase Requirements	16	Replacing Optional Benefits	45
Faxed Applications	17	11.a Income Protector	47
Allocation of Purchase Payments	17	Selecting Income Protector	47
Automatic Investment Plan (AIP)	17	Removing Income Protector	47
Dollar Cost Averaging (DCA) Program	18	Lifetime Plus Payment Overview	48
Free Look/Right-to-Examine Period	18	Benefit Base	49
4.  Valuing Your Contract	19	Quarterly Anniversary Value	49
Accumulation Units	19	Annual Increase	49
Computing the Contract Value and Bonus Value	19	Requesting Lifetime Plus Payments	50
5.  Investment Options	20	Calculating Your Lifetime Plus Payments	51
Substitution and Limitation on Further Investments	27	Automatic Annual Lifetime Plus Payment Increases	53
Transfers Between Investment Options	28	Taxation of Lifetime Plus Payments	53
Electronic Investment Option Transfer and		Investment Option Allocation and Transfer Restrictions
Allocation Instructions	28	and Quarterly Rebalancing	53
Excessive Trading and Market Timing	29	When Income Protector Ends	54
Flexible Rebalancing Program	30	11.b Investment Protector	55
Financial Advisers – Asset Allocation Programs	31	Selecting Investment Protector	55
Voting Privileges	31	Removing Investment Protector	56
6.  Our General Account	31	Target Value Dates	56
7.  Expenses	32	Target Value	57
Mortality and Expense Risk (M&E) Charge	32	Investment Option Allocation and Transfer Restrictions
Rider Charge	32	and Quarterly Rebalancing	58
Contract Maintenance Charge	33	When Investment Protector Ends	61
Withdrawal Charge	34	11.c Quarterly Value Death Benefit	61
Transfer Fee	36	11.d Bonus Option	62
Premium Tax	36	11.e Short Withdrawal Charge Option	63
Income Tax	36	11.f No Withdrawal Charge Option	63
Investment Option Expenses	36

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12. Taxes	63	Quarterly Anniversary Value	84
Qualified and non-Qualified Contracts	63	Lifetime Plus Benefit and Lifetime Plus II Benefit
Taxation of Annuity Contracts	64	Value Differences	84
Taxation of Lifetime Plus Payments	64	5% Annual Increase and Enhanced 5%
Tax-Free Section 1035 Exchanges	65	Annual Increase	84
13. Other Information	65	Enhanced 10-Year Value	85
Allianz Life	65	Manual Resets Under Lifetime Plus Benefit	86
The Separate Account	65	Automatic Resets Under Lifetime Plus II Benefit	86
Distribution	65	Lifetime Plus 10 Benefit’s 10% Annual Increase	87
Additional Credits for Certain Groups	67	Requesting Lifetime Plus Payments	88
Administration/Allianz Service Center	67	Calculating Your Lifetime Plus Payments	89
Legal Proceedings	67	Automatic Annual Lifetime Plus Payment Increases	91
Financial Statements	67	Investment Option Allocation and Transfer Restrictions
Status Pursuant to Securities Exchange Act of 1934	67	and Quarterly Rebalancing	91
14. Privacy and Security Statement	68	When a Lifetime Benefit Ends	93
15. Table of Contents of the Statement of Additional		Appendix E – Target Date Benefits	94
Information (SAI)	69	Removing a Target Date Benefit	95
Appendix A – Annual Operating Expenses for Each		Target Value Dates	95
Investment Option	70	Target Value	96
Appendix B – Condensed Financial Information	72	Investment Option Allocation and Transfer Restrictions
Appendix C – Effects of Partial Withdrawals and		and Quarterly Rebalancing	97
Lifetime Payments on the Values Available		When a Target Date Benefit Ends	101
Under the Contract	78	Appendix F – Original Quarterly Value Death Benefit	101
Appendix D – Lifetime Benefits	79	Appendix G – Previous Versions of Investment Protector
Removing a Lifetime Benefit	80	and Income Protector	101
Covered Person(s)	81	Income Protector	101
Lifetime Plus Payment Overview	82	Investment Protector	103
Benefit Base	83	For Service or More Information	107
		Addresses for mailing checks	107

GLOSSARY

This prospectus is written in plain English. However, there are some technical words or terms that are capitalized and are used as defined terms throughout the prospectus. For your convenience, we included this glossary to define these terms.

5% Annual Increase – an amount used to determine the Benefit Base under the previously available Lifetime Plus Benefit.

10% Annual Increase – an amount used to determine the Benefit Base under the previously available Lifetime Plus 10 Benefit.

Accumulation Phase – the initial phase of your Contract before you apply your total Contract Value to Annuity Payments. The Accumulation Phase begins on the Issue Date and may occur at the same time as the Annuity Phase if you take Partial Annuitizations.

Additional Required Benefit – an additional optional benefit you must have if you chose either the No Withdrawal Charge Option or Quarterly Value Death Benefit. Additional Required Benefits include Income Protector, Investment Protector, or one of the previously available Lifetime or Target Date Benefits.

Annual Increase – an amount used to determine the Benefit Base under Income Protector before Lifetime Plus Payments begin as discussed in section 11.a. If selected at issue, it is equal to total Purchase Payments adjusted for withdrawals plus a quarterly simple interest increase. We then reset this value to equal the current Contract Value if greater, and apply future quarterly simple interest to this reset value.

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Annuitant – the individual upon whose life we base the Annuity Payments. Subject to our approval, the Owner designates the Annuitant, and can add a joint Annuitant for the Annuity Phase if they take a Full Annuitization. There are restrictions on who can become an Annuitant.

Annuity Options – the annuity income options available to you under the Contract.

Annuity Payments – payments made by us to the Payee pursuant to the chosen Annuity Option.

Annuity Phase – the phase the Contract is in once Annuity Payments begin. This may occur at the same time as the Accumulation Phase if you apply part of your Contract Value to a Partial Annuitization.

Base Contract – the Contract without any optional benefits.

Beneficiary – unless otherwise required by the Contract, the person(s) or entity the Owner designates to receive any death benefit.

Benefit Anniversary – a twelve-month anniversary of the Benefit Date, or any subsequent twelve-month Benefit Anniversary.

Benefit Base – the amount we use to determine the initial annual maximum Lifetime Plus Payment.

Benefit Date – the date you begin receiving Lifetime Plus Payments under Income Protector.

Benefit Year – any period of twelve months beginning on the Benefit Date or on a subsequent Benefit Anniversary.

Bonus Option – an optional benefit with an additional charge that provides a 6% bonus on Purchase Payments we receive before the older Owner reaches age 81 (subject to a three-year vesting schedule). This benefit has an additional M&E charge and a higher and longer withdrawal charge schedule.

Bonus Value – the total Contract Value plus any unvested bonus amounts.

Business Day – each day on which the New York Stock Exchange is open for trading, except when an Investment Option does not value its shares. Allianz Life is open for business on each day that the New York Stock Exchange is open. Our Business Day closes when regular trading on the New York Stock Exchange closes, which is usually at 4:00 p.m. Eastern Time.

Contract – the deferred annuity contract described by this prospectus.

Contract Anniversary – a twelve-month anniversary of the Issue Date or any subsequent twelve-month Contract Anniversary.

Contract Value – on any Business Day, the sum of the values in your selected Investment Options. The Contract Value reflects the deduction of any contract maintenance charge, transfer fee, M&E charge and rider charge, but does not reflect the deduction of any withdrawal charge. It does not include amounts applied to a Partial Annuitization. If you have the Bonus Option, Contract Value includes only vested bonus amounts; it does not include unvested bonus amounts.

Contract Year – any period of twelve months beginning on the Issue Date or a subsequent Contract Anniversary.

Covered Person(s) – the person(s) upon whose age and lifetime(s) we base Lifetime Plus Payments. There are restrictions on who can become a Covered Person.

Cumulative Withdrawal –while you are receiving Lifetime Plus Payments under the previously available Lifetime Benefits, this is the portion of a withdrawal that is less than or equal to your Cumulative Withdrawal Value.

Cumulative Withdrawal Benefit – a benefit under the previously available Lifetime Benefits in all states except Nevada that allows you to control the amount of Lifetime Plus Payments you receive.

Cumulative Withdrawal Value – under the previously available Lifetime Benefits, if you take less than the maximum Lifetime Plus Payment that you are entitled to, we add the difference between the annual maximum and annual actual Lifetime Plus Payment to the Cumulative Withdrawal Value.

Enhanced 5% Annual Increase – an amount used to determine the Benefit Base under the previously available Lifetime Plus II Benefit.

Enhanced 10-Year Value – an amount used to determine the Benefit Base under the previously available Lifetime Plus Benefit or Lifetime Plus II Benefit.

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Excess Withdrawal – if you select Income Protector, the amount of any withdrawal you take while you are receiving Lifetime Plus Payments that, when added to other withdrawals taken during the Benefit Year, is greater than your annual maximum permitted payment. Excess Withdrawals reduce your Contract Value and any guaranteed values, and may end your Contract. If you have one of the previously available Lifetime Benefits, please see Appendix D for a definition of Excess Withdrawal that applies to your Contract.

Financial Professional – the person who advises you regarding the Contract.

Full Annuitization – the application of the total Contract Value to Annuity Payments.

Good Order – a request is in “Good Order” if it contains all of the information we require to process the request. If we require information to be provided in writing, “Good Order” also includes provision of information on the correct form, with any required certifications or guarantees, received by the Service Center from the correct mailing address. If you have questions about the information we require, please contact the Service Center.

Highest Annual Increase – an amount used to determine the Benefit Base under the previously available Lifetime Plus II Benefit.

Income Date – the date we begin making Annuity Payments to the Payee from the Contract. Because the Contract allows for Partial Annuitizations, there may be multiple Income Dates.

Income Protector – an optional benefit available for an additional charge that is intended to provide a payment stream for life in the form of partial withdrawals. Income Protector provides no payment until the younger Covered Person is at least age 60.

Increase Base – an amount we use to determine the Annual Increase as discussed in section 11.a, Income Protector. If selected at issue, it is initially equal to total Purchase Payments adjusted for withdrawals. On Quarterly Anniversaries, if we reset the Annual Increase to equal the current Contract Value, we also reset the Increase Base to equal the current Contract Value.

Investment Options – the variable investments available to you under the Contract. Investment Option performance is based on the securities in which they invest.

Investment Protector – an optional benefit available for an additional charge. It is intended to provide a level of protection for your principal and any annual investment gains on a specific date in the future.

Issue Date – the date shown on the Contract that starts the first Contract Year. Contract Anniversaries and Contract Years are measured from the Issue Date. We must receive your initial Purchase Payment and all necessary information before we issue the Contract.

Joint Owners – two Owners who own a Contract.

Lifetime Plus Benefit – an optional benefit that is no longer available that was intended to provide a payment stream for life in the form of partial withdrawals.

Lifetime Plus II Benefit – an optional benefit that is no longer available that was intended to provide a payment stream for life in the form of partial withdrawals.

Lifetime Plus 10 Benefit – an optional benefit that is no longer available that was intended to provide a payment stream for life in the form of partial withdrawals.

Lifetime Plus Payment – the payment we make to you under Income Protector or the previously available Lifetime Benefits based on the Benefit Base.

Non-Qualified Contract – a Contract that is not purchased under a pension or retirement plan qualified for special tax treatment under sections of the Internal Revenue Code.

No Withdrawal Charge Option – an optional benefit available for an additional charge that eliminates the Base Contract’s seven-year withdrawal charge. Also requires selection of an Additional Required Benefit.

Owner – “you,” “your” and “yours.” The person(s) or entity designated at Contract issue and named in the Contract who may exercise all rights granted by the Contract.

Partial Annuitization – the application of only part of the Contract Value to Annuity Payments.

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Payee – the person or entity who receives Annuity Payments during the Annuity Phase.

Purchase Payment – the money you put into the Contract.

Qualified Contract – a Contract purchased under a pension or retirement plan qualified for special tax treatment under sections of the Internal Revenue Code (for example, 401(a) and 401(k) plans), Individual Retirement Annuities (IRAs), or Tax-Sheltered Annuities (referred to as TSA or 403(b) contracts). Currently, we issue Qualified Contracts that may include, but are not limited to Roth IRAs, Traditional IRAs and Simplified Employee Pension (SEP) IRAs.

Quarterly Anniversary – the day that occurs three calendar months after the Issue Date or any subsequent Quarterly Anniversary.

Quarterly Anniversary Value – the highest Contract Value on any Quarterly Anniversary before age 91, adjusted for subsequent Purchase Payments and withdrawals, used to determine Income Protector’s Benefit Base as discussed in section 11.a, and the Quarterly Value Death Benefit in section 11.c.

Quarterly Value Death Benefit – an optional benefit available for an additional charge that is intended to provide an increased death benefit. Also requires selection of an Additional Required Benefit.

Rider Anniversary – a twelve-month anniversary of the Rider Effective Date or any subsequent twelve-month Rider Anniversary.

Rider Anniversary Value – the highest Contract Value on any Rider Anniversary, adjusted for subsequent Purchase Payments and withdrawals, used to determine Investment Protector’s Target Value as discussed in section 11.b.

Rider Effective Date – the date shown on the Contract that starts the first Rider Year if you select Income Protector or Investment Protector. Rider Anniversaries and Rider Years are measured from the Rider Effective Date.

Rider Year – any period of twelve months beginning on the Rider Effective Date or a subsequent Rider Anniversary.

Separate Account – Allianz Life Variable Account B is the Separate Account that issues your Contract. It is a separate investment account of Allianz Life. The Separate Account holds the Investment Options that underlie the Contracts. The Separate Account is divided into subaccounts, each of which invests exclusively in a single Investment Option.

Service Center – the area of our Company that issues Contracts and provides Contract maintenance and routine customer service. Our Service Center address and telephone number are listed at the back of this prospectus. The address for mailing applications and/or checks for Purchase Payments may be different and is also listed at the back of this prospectus.

Short Withdrawal Charge Option – an optional benefit available for an additional charge that shortens the Base Contract’s withdrawal charge period to four years.

Target Value – if you selected Investment Protector at issue, it is the greater of total Purchase Payments adjusted for withdrawals, or the Rider Anniversary Value multiplied by the guarantee percentage for your selected benefit as stated in Appendix G, and is available on each Target Value Date as stated in section 11.b. If you selected a Target Date Benefit, it is the highest Contract Value on any Contract Anniversary, adjusted for subsequent Purchase Payments and withdrawals as stated in Appendix E.

Target Value Date – the date on which we guarantee your Contract Value cannot be less than the Target Value.

Traditional Death Benefit – the death benefit provided by the Base Contract.

Traditional Death Benefit Value – total Purchase Payments adjusted for withdrawals.

Withdrawal Charge Basis – the total amount under your Contract that is subject to a withdrawal charge.

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FEE TABLES

These tables describe the fees and expenses you pay when purchasing, owning and taking a withdrawal from the Contract, or transferring Contract Value between Investment Options. For more information, see section 7, Expenses.

OWNER TRANSACTION EXPENSES

Withdrawal Charge During Your Contract’s Initial Phase, the Accumulation Phase(1)

(as a percentage of each Purchase Payment withdrawn)(2)

Number of Complete Years Since Purchase Payment	Withdrawal Charge Amount
	Base Contract(3)	Bonus Option(4)	Short Withdrawal Charge Option	No Withdrawal Charge Option
0	8.5%	8.5%	8.5%	0%
1	8.5%	8.5%	7.5%	0%
2	7.5%	8.5%	5.5%	0%
3	6.5%	8%	3%	0%
4	5%	7%	0%	0%
5	4%	6%	0%	0%
6	3%	5%	0%	0%
7	0%	4%	0%	0%
8	0%	3%	0%	0%
9 years or more	0%	0%	0%	0%

Transfer Fee(5)………………………………….......	$25
(for each transfer after twelve in a Contract Year)
Premium Tax(6)…………………………………...…	3.5%
(as a percentage of each Purchase Payment)

OWNER PERIODIC EXPENSES

Contract Maintenance Charge(7)………………...	$50
(per Contract per year)

(1) The Contract provides a free withdrawal privilege that allows you to withdraw 12% of your total Purchase Payments annually without incurring a withdrawal charge as discussed in section 8, Access to Your Money – Free Withdrawal Privilege.

(2) The Withdrawal Charge Basis is the amount subject to a withdrawal charge as discussed in section 7, Expenses – Withdrawal Charge.

(3) In Mississippi, the withdrawal charge is 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4%, 3% and 0% for the time periods referenced.

(4) In Connecticut, the withdrawal charge is 8.5%, 8.5%, 8%, 7%, 6%, 5%, 4%, 3%, 2% and 0% for the time periods referenced. In Mississippi, the withdrawal charge is 8%, 8%, 8%, 8%, 7%, 6%, 5%, 3.5%, 1.5% and 0% for the time periods referenced.

(5) We count all transfers made in the same Business Day as one transfer. Program and benefit related transfers are not subject to the transfer fee and do not count against the free transfers we allow as discussed in section 7, Expenses – Transfer Fee. Transfers are subject to the market timing policies discussed in section 5, Investment Options – Excessive Trading and Market Timing.

(6) Not currently deducted, but we reserve the right to do so in the future. This is the maximum charge we could deduct if we exercise this right as discussed in section 7, Expenses – Premium Tax.

(7) Waived if the Contract Value is at least $100,000 as discussed in section 7, Expenses – Contract Maintenance Charge.

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CONTRACT ANNUAL EXPENSES

	Mortality and Expense Risk (M&E) Charge(8) (as a percentage of each Investment Options’ net asset value)
Base Contract without optional benefits	1.40%
Base Contract with Quarterly Value Death Benefit	1.70%
Base Contract with the Short Withdrawal Charge Option	1.65%
Base Contract with the Short Withdrawal Charge Option and Quarterly Value Death Benefit	1.95%
Base Contract with the Bonus Option	1.70%
Base Contract with the Bonus Option and Quarterly Value Death Benefit	2.00%
Base Contract with the No Withdrawal Charge Option	1.75%
Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit	2.05%

	Rider Charge
	Maximum	Current(9)
Income Protector Single Lifetime Plus Payments (as a percentage of the Benefit Base) Joint Lifetime Plus Payments (as a percentage of the Benefit Base)	2.50% 2.75%	1.20% 1.20%
Investment Protector (as a percentage of the Target Value)	2.50%	0.95%

ANNUAL OPERATING EXPENSES OF THE INVESTMENT OPTIONS

Following are the minimum and maximum total annual operating expenses charged by any of the Investment Options for the period ended December 31, 2011, before the effect of any contractual expense reimbursement or fee waiver. We show the expenses as a percentage of an Investment Option’s average daily net assets.

	Minimum	Maximum
Total annual Investment Option operating expenses(10) (including management fees, distribution or 12b-1 fees, and other expenses) before fee waivers and expense reimbursements	0.52%	1.73%

(8) The Contract allows Partial Annuitization. After a Partial Annuitization, the M&E charge listed above applies to the net asset value remaining in the Accumulation Phase. If you select variable Annuity Payments the M&E charge for a Base Contract with the Bonus Option is 1.70% of the net asset value in the Annuity Phase, or 1.40% for all other Contracts. If you select fixed Annuity Payments we do not assess the M&E charge during the Annuity Phase. See section 7, Expenses – Mortality and Expense Risk (M&E) Charge.

(9) The current rider charge may increase or decrease on each Quarterly Anniversary as discussed in section 7, Expenses – Rider Charge.

(10) Some of the Investment Options or their affiliates may also pay service fees to us or our affiliates. Amounts may be different for each Investment Option. The maximum current fee is 0.25%. If these fees are deducted from Investment Option assets, they are reflected in the above table and disclosed in Appendix A. Appendix A contains annual operating expense details for each Investment Option.

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EXAMPLES

These examples are intended to help you compare the cost of investing in this Contract with the costs of other variable annuity contracts. These examples assume you make a $10,000 investment and your selected Investment Options earn a 5% annual return. They also assume the maximum potential fees and charges for each period and are not a representation of past or future expenses. Your Contract expenses may be more or less than the examples below, depending on the Investment Option(s) and optional benefits you select, and whether and when you take withdrawals.

We deduct the $50 contract maintenance charge in the examples at the end of each year during the Accumulation Phase and we may waive this charge under certain circumstances, as described in section 7, Expenses – Contract Maintenance Charge. A transfer fee may apply, but is not reflected in these examples (see section 7, Expenses – Transfer Fee).

All figures in the examples below reflect selection of Income Protector with joint Lifetime Plus Payments, which is the most expensive combination of benefits.

1) If you surrender your Contract (take a full withdrawal) at the end of each time period. The 1, 3 and 5 Year figures are for the Base Contract with the Bonus Option and Quarterly Value Death Benefit (8.5% declining withdrawal charge, 2.00% M&E charge, and maximum rider charge of 2.75%). The 10 Year figures are for the Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit (2.05% M&E charge and maximum rider charge of 2.75%).

Total annual Investment Option operating expenses before any fee waivers or expense reimbursements of:	1 Year	3 Years	5 Years	10 Years
1.73% (the maximum Investment Option operating expense)	$1,549	$2,979	$4,298	$7,430
0.52% (the minimum Investment Option operating expense)	$1,432	$2,647	$3,775	$6,554

2) If you apply your total Contract Value to Annuity Payments (take a Full Annuitization) at the end of each time period. The earliest available date Annuity Payments can begin (Income Date) is one year after the date we issue the Contract (Issue Date) for Florida, and two years after the Issue Date in all other states. All figures in this table are for the Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit (2.05% M&E charge and maximum rider charge of 2.75%).

Total annual Investment Option operating expenses before any fee waivers or expense reimbursements of:	1 Year	3 Years	5 Years	10 Years
1.73% (the maximum Investment Option operating expense)	$   703	$2,142	$3,619	$7,396
0.52% (the minimum Investment Option operating expense)	$   587	$1,811	$3,097	$6,554

3) If you do not surrender your Contract. All figures in this table are for the Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit (2.05% M&E charge and maximum rider charge of 2.75%).

Total annual Investment Option operating expenses before any fee waivers or expense reimbursements of:	1 Year	3 Years	5 Years	10 Years
1.73% (the maximum Investment Option operating expense)	$   703	$2,142	$3,619	$7,396
0.52% (the minimum Investment Option operating expense)	$   587	$1,811	$3,097	$6,554

See Appendix B for condensed financial information regarding the accumulation unit values (AUVs) for the highest and lowest charges for Contracts offered as of December 31, 2011. See the SAI Appendix for condensed financial information regarding the December 31, 2011 AUVs for other charges.

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1. THE VARIABLE ANNUITY CONTRACT

An annuity is a contract between you as the Owner, and an insurance company (in this case Allianz Life), where you make payments to us and the money is invested in Investment Options available through the Contract. Depending on market conditions, your Contract can gain or lose value based on your selected Investment Options’ performance. When you are ready to take money out, we make payments to you according to your instructions and any restrictions associated with the payout option you select that is described in this prospectus. We do not make any changes to your Contract without your permission except as may be required by law.

The Contract has an Accumulation Phase and an Annuity Phase.

The Accumulation Phase is the first phase of your Contract, and it begins on the Issue Date. During the Accumulation Phase, your money is invested in the Investment Options you select on a tax-deferred basis. Tax deferral means you are not taxed on any earnings or appreciation on the assets in your Contract until you take money out of your Contract. (For more information, see section 12, Taxes.) During the Accumulation Phase you can take withdrawals, and subject to certain restrictions, you can make additional Purchase Payments.

You can also select any one of the following optional benefits, if available.

· Income Protector (see section 11.a)provides guaranteed lifetime income called Lifetime Plus Payments that can begin from age 60 to age 90.We base payments on the Benefit Base that is at least equal to the Annual Increase (total Purchase Payments adjusted for withdrawals plus a quarterly simple interest increase). You must be age 80 or younger to select Income Protector.

· Investment Protector (see section 11.b) provides a Target Value (a level of protection for your principal and any annual investment gains) that is available on a future date if you hold the Contract for the required period. You must be age 80 or younger to select Investment Protector.

The Accumulation Phase ends upon the earliest of the following.

· The Business Day before the Income Date that you take a Full Annuitization.

· The Business Day we process your request for a full withdrawal.

· The death of any Owner (or the Annuitant if the Contract is owned by a non-individual). The Accumulation Phase ends on the Business Day we first receive in Good Order at our Service Center the death benefit payment option and due proof of death, unless the surviving spouse continues the Contract.

A Business Day is any day the New York Stock Exchange is open, except when an Investment Option does not value its shares. A request is in “Good Order” when it contains all the information we require to process it. Our “Service Center” is the area of our Company that issues Contracts and provides Contract maintenance and routine customer service.

If you request Annuity Payments, your Contract enters the Annuity Phase. During the Annuity Phase we make regular periodic payments (Annuity Payments) based on the life of a person you choose (the Annuitant). We send Annuity Payments to you (the Payee). You can choose when Annuity Payments begin (the Income Date), subject to certain restrictions. We base Annuity Payments on your Contract Value and the payout rates for the Annuity Option you select. If you select variable Annuity Payments, your payments will change based on your selected Investment Options’ performance. If you select fixed Annuity Payments, your payments do not change unless an Annuitant dies. The Annuity Phase ends when we make the last Annuity Payment under your selected Annuity Option. For more information, see section 9, The Annuity Phase.

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STATE SPECIFIC CONTRACT RESTRICTIONS

If you purchase a Contract, it is subject to the law of the state in which it is issued. Some of the features of your Contract may differ from the features of a Contract issued in another state because of state-specific legal requirements. Features for which there may be state-specific Contract provisions may include the following.

· The withdrawal charge schedule.

· Availability of Investment Options, Annuity Options, endorsements, and/or riders.

· Free look rights.

· Selection of certain Income Dates.

· Restrictions on your ability to make additional Purchase Payments.

· Selection of certain assumed investment rates for variable Annuity Payments.

· Our ability to restrict transfer rights.

All material state variations in the Contract are disclosed in this prospectus. If you would like more information regarding state-specific Contract provisions, you should contact your Financial Professional or contact our Service Center at the toll-free telephone number listed at the back of this prospectus.

WHEN THE CONTRACT ENDS

The Contract ends when:

· all applicable phases of the Contract (Accumulation Phase and/or Annuity Phase) have ended, and/or

· all applicable death benefit payments have been made.

For example, if you purchase a Contract and later take a full withdrawal of the total Contract Value, both the Accumulation Phase and the Contract end even though the Annuity Phase never began and we did not make any death benefit payments.

2. OWNERSHIP, ANNUITANTS, COVERED PERSONS, AND PAYEES

OWNER

You, as the Owner, have all the rights under the Contract. The Owner is designated at Contract issue. Qualified Contracts, which are Contracts purchased under a pension or retirement plan qualified under sections of the Internal Revenue Code, can only have one Owner.

JOINT OWNER

A Contract that is not purchased under a pension or retirement plan qualified under sections of the Internal Revenue Code (Non-Qualified Contract) can be owned by up to two Owners. If a Contract has Joint Owners, we generally require the signature of both Owners on any forms that are submitted to our Service Center.

NOTE: Partial Annuitizations (applying only part of your Contract Value to Annuity Payments) are not available to Joint Owners. There can be only one Owner, the Owner must be the Annuitant, and we do not allow the Owner to add a joint Annuitant.

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ANNUITANT

The Annuitant is the individual on whose life we base Annuity Payments. Subject to our approval, you designate an Annuitant when you purchase a Contract. For Qualified Contracts, before the Income Date the Owner must be the Annuitant unless the Contract is owned by a qualified plan or is part of a custodial arrangement. You can change the Annuitant on an individually owned Non-Qualified Contract at any time before the Income Date, but you cannot change the Annuitant if the Owner is a non-individual (for example, a qualified plan or trust). Subject to our approval, you can add a joint Annuitant on the Income Date if you take a Full Annuitization. For Qualified Contracts, the ability to add a joint Annuitant is subject to any plan requirements associated with the Contract. For jointly owned Contracts, if the Annuitant dies before the Income Date, the younger Owner automatically becomes the new Annuitant, but the Owner can subsequently name another Annuitant.

Designating different persons as Owner(s) and Annuitant(s) can have important impacts on whether a death benefit is paid, and on who receives it as indicated below. For more examples, please see the Appendix to the SAI. Use care when designating Owners and Annuitants, and consult your Financial Professional if you have questions.

UPON THE DEATH OF A SOLE OWNER
Action under the portion of the Contract that is in the Accumulation Phase		Action under any portion of the Contract that is in the Annuity Phase
·	We pay a death benefit to the person you designate (the Beneficiary) unless the Beneficiary is the surviving spouse and continues the Contract. If the surviving spouse continues the Contract, they become the new Owner and the Accumulation Phase continues for the remainder of their lifetime.	· ·	The Beneficiary becomes the Owner. If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable.
		·	If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows. –Annuity Option 1  or 3, payments end. –Annuity Option 2 or 4, payments end when the guarantee period ends. –Annuity Option 5,  payments end and the Payee may receive a lump sum refund.
		·	If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable.

BENEFICIARY

The Beneficiary is the person(s) or entity you designate at Contract issue to receive any death benefit. You can change the Beneficiary or contingent Beneficiary at any time before your death unless you name an irrevocable Beneficiary. For an individually owned Contract, if there is no valid Beneficiary at the time of your death, we pay any death benefit to your estate. For a non-individually owned Contract, if there is no valid Beneficiary at the time of the Annuitant’s death, we pay any death benefit to the Owner.

NOTE: For jointly owned Contracts, the sole primary Beneficiary is the surviving Joint Owner. Spousal Joint Owners may also appoint contingent Beneficiaries. If both spousal Joint Owners die before we pay the death benefit, we pay the death benefit to the named contingent Beneficiaries, or to the estate of the Joint Owner who died last if there are no named contingent Beneficiaries. If both spousal Joint Owners die simultaneously, state law may dictate who receives the death benefit. However, Joint Owners who are not spouses may not appoint contingent Beneficiaries. If both Joint Owners who are not spouses die before we pay the death benefit, we pay the death benefit to the estate of the Joint Owner who died last.

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COVERED PERSON(S)

If you select Income Protector, we base Lifetime Plus Payments on the lives of the Covered Person(s). Their ages determine availability of the benefit, when Lifetime Plus Payments can begin and the initial annual maximum Lifetime Plus Payment. When you select this benefit, you choose whether you want payments based on your life (single Lifetime Plus Payments), or the lifetime of you and your spouse (joint Lifetime Plus Payments). Joint Covered Persons must be spouses within the meaning of federal law during the entire period your selected benefit is in effect. Joint Lifetime Plus Payments are not available if there is more than a 30-year age difference between spouses. Based on your payment selection, we determine the Covered Persons as follows.

For single Lifetime Plus Payments and:

· solely owned Contracts, the Covered Person is the Owner.

· jointly owned Contracts, you can choose which Owner is the Covered Person.

· Contracts owned by a non-individual, the Covered Person is the Annuitant.

For joint Lifetime Plus Payments, Covered Persons must be spouses and:

· Non-Qualified Contracts:

– spouses must be Joint Owners; or

– one spouse must be the sole Owner and Annuitant and the other spouse must be the sole primary Beneficiary.

· Qualified Contracts:

– one spouse must be the sole Owner and Annuitant and the other spouse must be the sole primary Beneficiary; or

– if the Owner is a qualified plan or a custodian, then one spouse must be the Annuitant and the other spouse must be the sole contingent Beneficiary because we also require the qualified plan or custodian to be the sole primary Beneficiary. This structure allows the surviving non-Annuitant spouse to continue to receive lifetime payments.

After the date Income Protector is added to your Contract (Rider Effective Date) you cannot add or change a Covered Person. However, you can remove a joint Covered Person before the Benefit Date on a Contract Anniversary, or after the Benefit Date on a Benefit Anniversary by completing the appropriate form and sending it to us within 30 days before the anniversary. A Contract Anniversary is a twelve-month anniversary of your Contract’s Issue Date. A Benefit Anniversary is a twelve-month anniversary of the Benefit Date that Lifetime Plus Payments begin. We process your request on the Contract Anniversary* (or Benefit Anniversary*) that occurs immediately after we receive your request in Good Order at our Service Center. If you remove a joint Covered Person, we change your rider charge to equal the current charge for single Lifetime Plus Payments that is in effect on the anniversary that we process your request to remove a joint Covered Person if this amount differs from your current charge. However, any new rider charge cannot be greater than the maximum listed in the Fee Tables or section 7, Expenses - Rider Charge.

* Or on the next Business Day if the Contract Anniversary or Benefit Anniversary is not a Business Day.

Joint Covered Persons must continue to qualify as spouses under federal law while your benefit is in effect. If at any time before this you are no longer spouses, you must immediately send us notice. We either divide the Contract in accordance with any applicable court order or law regarding division of assets upon divorce, or remove a Covered Person from the Contract. At this time, we change the rider charge to equal the current charge for single Lifetime Plus Payments that is in effect if this amount differs from your current charge. However, any new rider charge cannot be greater than the maximum listed in the Fee Tables or section 7, Expenses - Rider Charge. When we receive notification of an Owner’s death, if we discover that the joint Covered Persons were not federally recognized spouses at the time of death, spousal continuation of the Contract is not available. Therefore, your benefit, any lifetime payments and the Contract all end.

If you select Income Protector and remove a joint Covered Person, we may increase your annual maximum Lifetime Plus Payment. If at the end of the last Business Day before the Benefit Anniversary that we remove the joint Covered Person the payment percentage for the remaining Covered Person’s current age multiplied by the Contract Value is greater than your current annual maximum Lifetime Plus Payment, we increase your payment to this new amount.

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NOTE:

· For Income Protector or Income Focus riders issued in states other than California or New Jersey: A person no longer qualifies as a Covered Person and is removed from the Contract if that person is no longer an Owner, Joint Owner, Annuitant, sole primary Beneficiary, or sole contingent Beneficiary as required here.

· For non-spouse Joint Owners selecting single Lifetime Plus Payments: Upon the death of any Owner, we pay any applicable death benefit, and Income Protector and any Lifetime Plus Payments end if the Contract Value is positive. This means that upon an Owner’s death, Lifetime Plus Payments are no longer available even if the sole Covered Person is still alive.

· For Income Protector riders issued to civil union partners in New Jersey: We allow civil union partners to be Joint Owners and/or joint Covered Persons. However, civil union partners are treated differently from persons who are recognized as spouses under the federal tax law and this affects how long Lifetime Plus Payments continue. Upon the death of one federally recognized spouse, the survivor can continue the Contract and lifetime payments also continue if the survivor is a Covered Person. This type of continuation is generally not allowed for a surviving civil union partner under the federal tax law with the following exception. If the Contract Value reduces to zero before the one year anniversary of the first civil union partner’s death, lifetime payments can continue if the survivor is a Covered Person and the survivor chooses not to take the death benefit. If instead the Contract Value is positive at this time, or if the survivor chooses to take the death benefit, lifetime payments stop.

PAYEE

The Payee is the person or entity who receives Annuity Payments during the Annuity Phase. The Owner receives tax reporting on those payments. Generally we require the Payee to be an Owner, but we may allow you to name a different Payee subject to our approval. For Qualified Contracts owned by a qualified plan, the qualified plan must be the Payee.

ASSIGNMENT, CHANGES OF OWNERSHIP AND OTHER TRANSFERS OF A CONTRACT

An authorized request specifying the terms of an assignment (including any collateral assignment, change of ownership or other transfers of a Contract) must be sent to our Service Center and approved by us. To the extent permitted by state law, we reserve the right to refuse to consent to any assignment at any time on a nondiscriminatory basis. We withhold our consent if the assignment would violate or result in noncompliance with any applicable state or federal law or regulation. There may be Internal Revenue Service (IRS) or other restrictions on changing the ownership of a Qualified Contract. An assignment is effective as of the date you sign the request. An assignment does not automatically change the Annuitant or Beneficiary. We are not liable for any payment made or action taken before we consent and record the assignment. An assignment may be a taxable event. We are not responsible for the validity or tax consequences of any assignment. After the death benefit has become payable, an assignment can only be made with our consent. If the Contract is assigned, your rights may only be exercised with the consent of the assignee of record. Qualified Contracts generally cannot be assigned. You should consult with your tax adviser before assigning this Contract.

NOTE IF YOU SELECT INCOME PROTECTOR:

· An assignment does not change the Covered Person(s).

· For riders issued in California, Florida, Ohio, Oregon, New Jersey, Texas and Wisconsin: We cannot restrict assignments.

· For riders issued in states other than California or New Jersey: Following an assignment, if all Covered Persons no longer have the required relationship as stated in “Covered Person(s)” (Owner, Annuitant or sole Beneficiary) Income Protector and any Lifetime Plus Payments end. Any existing Contract assignment must be removed before you begin receiving Lifetime Plus Payments. We may make exceptions to the removal of a Contract assignment in order to comply with applicable law.

· For riders issued in California and New Jersey: Upon the death of an individual Owner (or Annuitant if the Owner is a non-individual), we pay any applicable death benefit and the Accumulation Phase and any Lifetime Plus Payments end. Following an assignment, if a Covered Person who was previously an Owner or Annuitant no longer has that position, Income Protector and any Lifetime Plus Payments end based on the earlier of the date of death of an individual Owner (or Annuitant if the Owner is a non-individual) or last surviving Covered Person. However, upon the death of an individual Owner (or Annuitant if the Owner is a non-individual), if the deceased’s spouse continues the Contract, the Income Protector and any Lifetime Plus Payments end based on the earlier of the date of death of the surviving spouse or last surviving Covered Person. For riders issued in New Jersey involving civil union partners, benefits and lifetime payments may end even earlier because contract continuation is generally not allowed for a surviving civil union partner.  This means that Lifetime Plus Payments may end even if the Covered Person is still alive.

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3. PURCHASING THE CONTRACT

PURCHASE REQUIREMENTS

To purchase this Contract, all Owners and the Annuitant must be age 80 or younger on the Issue Date. If you select the No Withdrawal Charge Option or Quarterly Value Death Benefit, you must also select an Additional Required Benefit.

The Purchase Payment requirements for this Contract are as follows.

· The minimum initial Purchase Payment due on the Issue Date is $10,000, or $25,000 with the No Withdrawal Charge Option.

· If you do not select Income Protector or Investment Protector, you can make additional Purchase Payments of $50 or more during the Accumulation Phase.

· If you select Income Protector or Investment Protector, we restrict additional Purchase Payments. Each rider year that we allow additional payments you cannot add more than your initial amount without our prior approval. If you select Income Protector, we do not allow additional payments on or after the date Lifetime Plus Payments begin (Benefit Date). If you select Investment Protector we do not allow additional payments on or after the third rider anniversary.

Your initial amount is all Purchase Payments received before the first Quarterly Anniversary of the first Contract Year. A Contract Year is a period of twelve months beginning on the Issue Date or any subsequent Contract Anniversary. If your benefit is effective on the Issue Date, we allow you to add up to the initial amount in the remainder of the first Contract Year (the first Quarterly Anniversary to the last Business Day before the first Contract Anniversary).

If you remove Income Protector or Investment Protector, these restrictions no longer apply.

· We do not accept additional Purchase Payments on or after the Income Date that you take a Full Annuitization.

· The maximum total Purchase Payments we accept without our prior approval is $1 million including amounts already invested in other Allianz Life variable annuities.

We may, at our sole discretion, waive the minimum Purchase Payment requirements. We reserve the right to decline any Purchase Payment, and if mandated under applicable law, we may be required to reject a Purchase Payment.

Once we receive your initial Purchase Payment and all necessary information, we issue the Contract within two Business Days and allocate your payment to your selected Investment Options. If you do not give us all of the information we need, we contact you or your Financial Professional. If for some reason we are unable to complete this process within five Business Days, we either send back your money or get your permission to keep it until we get all of the necessary information. If you make additional Purchase Payments, we add this money to your Contract on the Business Day we receive it in Good Order. Our Business Day closes when regular trading on the New York Stock Exchange closes.

If you submit a Purchase Payment and/or application to your Financial Professional, we do not begin processing the payment and/or application until we receive it. A Purchase Payment is “received” when it arrives at the address for mailing checks listed at the back of this prospectus regardless of how or when you submitted them. We forward Purchase Payments we receive at the wrong address to the last address listed at the back of this prospectus (1350 Energy Lane, Suite 200), which may delay processing.

NOTE:

· For Contracts issued in Mississippi: We do not accept additional Purchase Payments on or after the first Contract Anniversary.

· For Contracts issued in Massachusetts: If you select Investment Protector we do not accept additional Purchase Payments on or after the third Contract Anniversary. This restriction continues to apply even if you later remove Investment Protector from your Contract. Contracts issued in Massachusetts with Investment Protector are issued as individual limited purchase payment variable deferred annuity contracts.

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FAXED APPLICATIONS

We accept faxed applications, but we currently do not accept applications delivered via email or our website. It is important to verify receipt of any faxed application. We are not liable for faxed applications that we do not receive. A manually signed faxed application is considered the same as an application delivered by mail. Our fax system may not always be available; any fax system can experience outages or slowdowns and may delay fax application processing. Although we have taken precautions to help our system handle heavy use, we cannot promise complete reliability. If you experience problems, please submit your written application by mail to our Service Center. Wereservethe right to discontinue or modify our faxed application policy at any time and for any reason.

ALLOCATION OF PURCHASE PAYMENTS

You must allocate your money to the Investment Options in whole percentages. If you have the Bonus Option, we allocate the bonus in the same way as the corresponding Purchase Payment. Currently we allow you to invest in up to 15 Investment Options at any one time. We may change this maximum in the future, but you can always invest in at least five Investment Options.

You can instruct us how to allocate additional Purchase Payments. If you do not instruct us, we allocate them according to your future Purchase Payment allocation instructions. Contract Value transfers between Investment Options do not change your future allocation instructions, or how we rebalance your Contract Value quarterly if you select Income Protector or Investment Protector. For more information, see section 5, Investment Options – Electronic Investment Option Transfer and Allocation Instructions.

You can change your future allocation instructions at any time without fee or penalty by writing to us, or electronically by telephone, fax, or website at http://www.allianzlife.com. We do not currently accept future Purchase Payment allocation instructions from you through any other form of electronic communication. Future allocation instruction changes are effective on the Business Day we receive them in Good Order at our Service Center. If you change your future allocation instructions by writing, telephone or fax, and you are participating in the automatic investment plan, dollar cost averaging program or the flexible rebalancing program, your instructions must include directions for the plan/program. Future allocation instructions that you submit on our website do not change your allocation instructions for the automatic investment plan or flexible rebalancing program. To change your allocation instructions for this plan or program, you must send us your future allocation instructions by phone, fax or mail. We accept changes to future allocation instructions from any Owner unless you instruct otherwise. We may allow you to authorize someone else to change allocation instructions on your behalf.

AUTOMATIC INVESTMENT PLAN (AIP)

The AIP makes additional Purchase Payments during the Accumulation Phase on a monthly or quarterly basis by electronic money transfer from your savings, checking or brokerage account. You can participate in AIP by completing our AIP form. Our Service Center must receive your form in Good Order by the first of the month in order for AIP to begin that same month. We process AIP Purchase Payments on the 20th of the month, or the next Business Day if the 20th is not a Business Day. We allocate AIP Purchase Payments according to your future allocation instructions which must comply with the allocation requirements and restrictions stated in this section, and if you select Income Protector or Investment Protector they must also comply with the allocation restrictions stated in section 11.a or section 11.b. AIP has a maximum of $1,000 per month. We must receive your request to stop or change AIP at our Service Center by 4 p.m. Eastern Time on the Business Day immediately before the Business Day we process AIP to make the change that month. However, if you select Income Protector or Investment Protector and/or choose to begin Annuity Payments, AIP ends automatically as follows.

· If you begin Annuity Payments, AIP ends on the Business Day before the Income Date.

· If you select Income Protector, AIP ends on the Benefit Date.

· If you select Investment Protector, AIP ends on the third rider anniversary.

NOTE: For Owners of Qualified Contracts, AIP is not available if your Contract is funding a plan that is tax qualified under Section 401of the Internal Revenue Code.

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DOLLAR COST AVERAGING (DCA) PROGRAM

The DCA program transfers Contract Value or Bonus Value (Contract Value plus any unvested bonus amounts if you select Bonus Option) monthly from the AZL Money Market Fund to your selected Investment Options. By allocating on a regularly scheduled basis, as opposed to making a one-time allocation, your Contract Value may be less susceptible to market fluctuations. However, dollar cost averaging does not directly result in a Contract Value gain or protect against a market loss.

You can participate in either the six- or twelve-month DCA program by completing our DCA form. You can participate in this program, during the Accumulation Phase, one or more times. There are no fees for DCA transfers and currently, we do not count them as a free transfer. We reserve the right to discontinue or modify the DCA program at any time and for any reason.

If you choose to participate immediately in this program, we apply 100% of the initial Purchase Payment (including any applicable bonus) to the AZL Money Market Fund. If you choose to participate later, you must allocate at least $1,500 to the AZL Money Market Fund. Each month while the program is in effect, we transfer Contract Value (or Bonus Value, if applicable) applied to the DCA program from the AZL Money Market Fund according to your future Purchase Payment allocation instructions.

Information on the AZL Money Market Fund can be found in section 5, Investment Options; Appendix A – Annual Operating Expenses for Each Investment Option; and in the AZL Money Market Fund prospectus that you can obtain from your Financial Professional or us by calling the toll-free telephone number at the back of this prospectus.

We make DCA transfers on the tenth of the month, or the next Business Day if the tenth is not a Business Day. We must receive your DCA form in Good Order at our Service Center by 4 p.m. Eastern Time on the Business Day before we process these transfers or your participation does not begin until next month.

Your participation ends on the earliest of the following:

· the Benefit Date that Lifetime Plus Payments begin if you select Income Protector;

· you request to end the program (your request must be received at our Service Center by 4 p.m. Eastern Time on the Business Day immediately before the tenth to end that month);

· the DCA program period ends (which is either six or twelve months); or

· your Contract ends.

If the DCA program ends at your request or because you request Lifetime Plus Payments, on the Business Day your program ends we transfer any remaining DCA program Contract Value in the AZL Money Market Fund according to your future allocation instructions.

NOTE: For Contracts with Income Protector or Investment Protector, quarterly rebalancing transfers under these benefits do not move Contract Value allocated to the DCA program into or out of the AZL Money Market Fund.

FREE LOOK/RIGHT-TO-EXAMINE PERIOD

If you change your mind about owning the Contract, you can cancel it within ten days after receiving it (or the period required in your state). If you cancel within the allowed period, in most states we return your Contract Value as of the day we receive your cancellation request. This may be more or less than your initial Purchase Payment. If you cancel a Contract with the Bonus Option, you forfeit the entire bonus amount (see section 11.d, Bonus Option). In certain states where we are required to return Purchase Payments less withdrawals, or if you have an IRA Qualified Contract, we refund your Purchase Payments less withdrawals, or Contract Value, if greater. In states that require return of Purchase Payments, we reserve the right to allocate your initial Purchase Payment (and any bonus) to the AZL Money Market Fund until the free look period ends, and then re-allocate your money, less fees and charges, according to your future Purchase Payment allocation instructions. If we do this, we return the greater of Purchase Payments less withdrawals, or Contract Value. For Owners in California age 60 or older, we are required to allocate your money to the AZL Money Market Fund during the free look period unless you specify otherwise on the appropriate form. For Owners in California age 60 or older, we return the greater of Purchase Payments less withdrawals, or Contract Value less fees and charges. In the Contract, the free look provision is also called the right-to-examine.

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4. VALUING YOUR CONTRACT

Your Contract Value (and Bonus Value, if applicable) increases and decreases based on Purchase Payments (and any bonus), transfers, withdrawals, deduction of fees and charges, and your selected Investment Options’ performance.

We place Purchase Payments you allocate to the Investment Options into subaccounts under our Separate Account (Allianz Life Variable Account B). Each subaccount invests exclusively in one Investment Option. We use accumulation units to account for all amounts allocated to or withdrawn from each subaccount. If you request variable Annuity Payments during the Annuity Phase, we call this measurement an annuity unit.

ACCUMULATION UNITS

When we receive a Purchase Payment at our Service Center, we credit your Contract with accumulation units based on the Purchase Payment (and any bonus) amount and daily price (the net asset value) for your selected Investment Option. An Investment Option’s net asset value is typically determined at the end of each Business Day, and any Purchase Payment received at or after the end of the current Business Day receives the next Business Day’s price.

We arbitrarily set the initial accumulation unit value for each subaccount. On the Issue Date, the number of accumulation units in each subaccount is equal to the initial Purchase Payment (and any bonus) amount allocated to a subaccount, divided by that subaccount’s accumulation unit value.

Example

· On Wednesday, we receive at our Service Center an additional Purchase Payment of $3,000 from you before the end of the Business Day.

· When the New York Stock Exchange closes on that Wednesday, we determine that the accumulation unit value is $13.25 for your selected Investment Option.

We then divide $3,000 by $13.25 and credit your Contract on Wednesday night with 226.415094 subaccount accumulation units for your selected Investment Option.

At the end of each Business Day, we adjust the number of accumulation units in each subaccount as follows. Additional Purchase Payments (and any bonus), and transfers into a subaccount increase the number of accumulation units. Withdrawals, transfers out of a subaccount, and the deduction of any Contract charge other than the M&E charge decrease the number of accumulation units. The M&E charge reduces the accumulation unit value, not the number of accumulation units.

Each Business Day, we calculate changes to each subaccount's accumulation unit value to reflect:

· changes in the value of underlying Investment Option shares,

· dividends (including income and capital gains) declared by the Investment Option with an ex-dividend date of that Business Day, and

· the deduction of the M&E charge.

For more detailed information about how we determine each subaccount’s accumulation unit value, see the Statement of Additional Information – Accumulation Unit Values.

COMPUTING CONTRACT VALUE AND BONUS VALUE

We calculate your Contract Value or Bonus Value (Contract Value plus any unvested bonus amounts) each Business Day by multiplying each subaccount’s accumulation unit value by its number of accumulation units, and then adding those results together for all subaccounts. If you have a Bonus Contract, we compute your Contract Value by deducting the unvested bonus amount from the Bonus Value. Additional Purchase Payments increase your Contract Value, withdrawals and Contract charges reduce your Contract Value. Your Contract Value and Bonus Value (if applicable) on any given Business Day are determined at the end of the prior Business Day. For example, your Contract Value on a Contract Anniversary reflects the number and value of the accumulation units at the end of the prior Business Day.

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5. INVESTMENT OPTIONS

The following table lists this Contract’s Investment Options and their associated investment advisers and subadvisers, investment objectives, and primary investments. Depending on market conditions, you can gain or lose value by investing in the Investment Options. In the future, we may add, eliminate or substitute Investment Options to the extent permitted by the federal securities laws and, when required, the Securities & Exchange Commission. Certain Investment Options listed here may not be available to you as disclosed in the list of Investment Options at the front of this prospectus.

You should read the Investment Options’ prospectuses carefully. The Investment Options invest in different types of securities and follow varying investment strategies. There are potential risks associated with each of these types of securities and investment strategies. The operation of the Investment Options and their various risks and expenses are described in the Investment Options’ prospectuses. We send you the current copy of the Investment Options’ prospectus when we issue the Contract. (You can also obtain the current Investment Options’ prospectus by contacting your Financial Professional or calling us at the toll-free telephone number listed at the back of this prospectus.)

Currently, the Investment Options are not publicly traded mutual funds. They are available only as investment options in variable annuity contracts or variable life insurance policies issued by life insurance companies or in some cases, through participation in certain qualified pension or retirement plans. A material conflict of interest may arise between insurance companies, owners of different types of contracts, and retirement plans or their participants. Each Investment Option’s Board of Directors monitors for material conflicts, and determines what action, if any, should be taken.

The names, investment objectives and policies of certain Investment Options may be similar to the names, investment objectives and policies of other portfolios managed by the same investment advisers. Although the names, objectives and policies may be similar, the Investment Options investment results may be higher or lower than these other portfolios’ results. The investment advisers cannot guarantee, and make no representation, that these similar funds’ investment results will be comparable even though the Investment Options have the same names, investment advisers, objectives, and policies.

Each Investment Option offered by the Allianz Variable Insurance Products Fund of Funds Trust (Allianz VIP Fund of Funds Trust) is a “fund of funds” and diversifies its assets by investing primarily in shares of several other affiliated mutual funds.

The Investment Options may pay 12b-1 fees to the Contracts’ distributor, our affiliate, Allianz Life Financial Services, LLC, for distribution and/or administrative services. In addition, we may enter into certain arrangements under which we, or Allianz Life Financial Services, LLC, are compensated by the Investment Options’ advisers, distributors and/or affiliates for administrative services and benefits we provide to the Investment Options. The compensation amount usually is based on the Investment Options’ aggregate assets purchased through contracts we issue or administer. Some advisers may pay us more or less than others. The maximum service fee we currently receive is 0.35% annually of the average aggregate amount invested by us in the Investment Options.

The Allianz VIP Fund of Funds Trust underlying funds do not pay 12b-1 fees or service fees to the Trust, and the Trust does not charge 12b-1 fees or service fees. The Allianz VIP Fund of Funds Trust underlying funds or their advisers may pay service fees to us and our affiliates for providing customer service and other administrative services to you. Service fees may vary depending on the underlying fund.

We offer other variable annuity contracts that may invest in these Investment Options. These contracts may have different charges and may offer different benefits more appropriate to your needs. For more information about these contracts, please contact our Service Center.

The following advisers and subadvisers are affiliated with us through common ownership: Allianz Investment Management LLC, Allianz Global Investors Capital, and Pacific Investment Management Company LLC.

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INVESTMENT OPTIONS

Investment Management Company and Adviser/Subadviser	Name of Investment Option	Asset Category	Objective(s)	Primary Investments (Normal market conditions)
ALLIANZ FUND OF FUNDS
Managed by Allianz Investment Management LLC	AZL Balanced Index Strategy Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation with preservation of capital as an important consideration	Invests primarily in a combination of five underlying bond and equity index funds, to achieve a range generally from 40% to 60% of assets in the underlying equity index funds and 40% to 60% in the underlying bond index fund.
	AZL Fusion Balanced Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation with preservation of capital as an important consideration	Allocation among the underlying investments, to achieve a range generally from 40% to 60% of assets in equity funds and approximately 40% to 60% invested in fixed income funds.
	AZL Fusion Conservative Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation with preservation of capital as an important consideration	Allocation among the underlying investments, to achieve a range generally from 25% to 45% of assets in equity funds and approximately 55% to 75% invested in fixed income funds.
	AZL Fusion Growth Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation	Allocation among the underlying investments, to achieve a range generally from 70% to 90% of assets in equity funds and approximately 10% to 30% invested in fixed income funds.
	AZL Fusion Moderate Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation	Allocation among the underlying investments, to achieve a range generally from 55% to 75% of assets in equity funds and approximately 25% to 45% invested in fixed income funds.
	AZL Growth Index Strategy Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation	Invests primarily in a combination of five underlying bond and equity index funds, to achieve a range generally from 65% to 85% of assets in the underlying equity index funds and 15% to 35% in the underlying bond index fund.
	AZL MVP Balanced Index Strategy Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation with preservation of capital as an important consideration	Invests primarily (approximately 80% to 100%) in a combination of five underlying index funds (generally allocated 40% to 60% to underlying equity index funds and 40% to 60% to underlying bond index funds), combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments.
	AZL MVP BlackRock Global Allocation Fund	Specialty	High total investment return	Invests primarily (approximately 80% to 100%) in the underlying AZL BlackRock Global Allocation Fund, combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments.
	AZL MVP Franklin Templeton Founding Strategy Plus Fund	Specialty	Long-term capital appreciation with income as a secondary goal	Invests primarily (approximately 80% to 100%) in the underlying AZL Franklin Templeton Founding Strategy Plus Fund, combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments.

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Investment Management Company and Adviser/Subadviser	Name of Investment Option	Asset Category	Objective(s)	Primary Investments (Normal market conditions)
	AZL MVP Fusion Balanced Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation with preservation of capital as an important consideration	Invests primarily (approximately 80% to 100%) in a diversified portfolio of underlying fixed income funds and equity funds (generally allocated 40% to 60% to equity funds and 40% to 60% to fixed income funds), combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments.
	AZL MVP Fusion Moderate Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation	Invests primarily (approximately 80% to 100%) in a diversified portfolio of underlying fixed income funds and equity funds (generally allocated 55% to 75% to equity funds and 25% to 45% to fixed income funds), combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments.
	AZL MVP Growth Index Strategy Fund	A “Fund of Funds” Model Portfolio	Long-term capital appreciation	Invests primarily (approximately 80% to 100%) in a combination of five underlying index funds (generally allocated 65% to 85% to underlying equity index funds and 15% to 35% to underlying bond index funds), combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments.
	AZL MVP Invesco Equity and Income Fund	Specialty	Highest possible income consistent with safety of principal. Secondary objective of long-term growth of capital	Invests primarily (approximately 80% to 100%) in the underlying AZL Invesco Equity and Income Fund, combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments.
ALLIANZ GLOBAL INVESTORS CAPITAL
Managed by Allianz Investment Management LLC/Allianz Global Investors Capital LLC	AZL Allianz AGIC Opportunity Fund	Small Cap	Capital appreciation	At least 65% of its assets in common stocks of “growth” companies (believed by the subadviser to have above-average growth prospects), with market capitalizations of less than $2 billion at the time of investment.
BLACKROCK
Managed by Allianz Investment Management LLC/BlackRock Capital Management, Inc.	AZL BlackRock Capital Appreciation Fund	Large Growth	Long-term growth of capital	Invests at least 80% of total assets in common and preferred stock and securities convertible into common and preferred stock of mid-size and large-size companies.
Managed by Allianz Investment Management LLC/BlackRock Investment Management, LLC	AZL International Index Fund	International	Match the performance of the MSCI EAFE® Index as closely as possible	Invests at least 80% of its assets in a statistically selected sampling of equity securities of companies included in the Morgan Stanley Capital International Europe, Australasia and Far East Index (MSCI EAFE) and in derivative instruments linked to the MSCI EAFE Index.
	AZL Mid Cap Index Fund	Mid Cap	Match the performance of the Standard & Poor’s MidCap 400® Index (“S&P 400 Index”) as closely as possible	Invests at least 80% of the value of its net assets in a statistically selected sampling of equity securities of companies included in the S&P 400 Index and in derivative instruments linked to the S&P 400 Index, primarily futures contracts.

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Investment Management Company and Adviser/Subadviser	Name of Investment Option	Asset Category	Objective(s)	Primary Investments (Normal market conditions)
Managed by Allianz Investment Management LLC/BlackRock Advisors, LLC	AZL Money Market Fund	Cash Equivalent	Current income consistent with stability of principal	Invests in a broad range of short-term, high quality U.S. dollar-denominated money market instruments, including government, U.S. and foreign bank, commercial and other obligations. During extended periods of low interest rates, and due in part to contract fees and expenses, the yield of the AZL Money Market Fund may also become extremely low and possibly negative.
Managed by Allianz Investment Management LLC/BlackRock Investment Management, LLC	AZL S&P 500 Index Fund	Large Blend	Match total return of the S&P 500®	Normally invests in all 500 stocks in the S&P 500® in proportion to their weighting in the index.
	AZL Small Cap Stock Index Fund	Small Cap	Match performance of the S&P SmallCap 600 Index®	Invests in a representative sample of stocks included in the S&P SmallCap 600 Index®, and in futures whose performance is related to the index, rather than attempting to replicate the index.
Managed by BlackRock Advisors, LLC/BlackRock Investment Management, LLC and BlackRock International Limited	BlackRock Global Allocation V.I. Fund	Specialty	High total investment return	Invests in both equity and debt securities, including money market securities, of issuers located around the world. Seeks diversification across markets, industries, and issuers. May invest in securities of companies of any market capitalization and in REITs.
COLUMBIA
Managed by Allianz Investment Management LLC/Columbia Management Investment Advisers, LLC	AZL Columbia Mid Cap Value Fund	Mid Cap	Long-term growth of capital	Invests at least 80% of net assets in equity securities of companies that have market capitalizations in the range of the companies in the Russell Midcap® Value Index at the time of purchase that the fund’s subadviser believes are undervalued and have the potential for long-term growth.
	AZL Columbia Small Cap Value Fund	Small Cap	Long-term capital appreciation	Invests at least 80% of net assets in equity securities of companies with market capitalizations in the range of the companies in the Russell 2000 Value Index® at the time of purchase that the subadviser believes are undervalued.
DAVIS
Managed by Allianz Investment Management LLC/Davis Selected Advisers, L.P.	AZL Davis New York Venture Fund	Large Value	Long-term growth of capital	Invests the majority of assets in equity securities issued by large companies with market capitalizations of at least $10 billion.
Managed by Davis Selected Advisers, L.P.	Davis VA Financial Portfolio	Specialty	Long-term growth of capital	At least 80% of net assets in securities issued by companies principally engaged in the financial services sector.
DREYFUS
Managed by Allianz Investment Management LLC/The Dreyfus Corporation	AZL Dreyfus Research Growth Fund	Large Growth	Long-term growth of capital and income	Primarily invests in common stocks of large, well-established and mature companies. Normally invests at least 80% of its net assets in stocks that are included in a widely recognized index of stock market performance. May invest in non-dividend paying companies and up to 30% of its total assets in foreign securities.
EATON VANCE
Managed by Allianz Investment Management LLC/Eaton Vance Management	AZL Eaton Vance Large Cap Value Fund	Large Value	Total Return	Invests at least 80% of net assets in equity securities, primarily in dividend-paying stocks, of large-cap companies with market capitalizations equal to or greater than the median capitalization of companies included in the Russell 1000 Value Index. May invest up to 25% of total assets in foreign securities, including emerging market securities.

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Investment Management Company and Adviser/Subadviser	Name of Investment Option	Asset Category	Objective(s)	Primary Investments (Normal market conditions)
FEDERATED
Managed by Allianz Investment Management LLC/Federated Global Investment Management Corp.	AZL Federated Clover Small Value Fund	Small Cap	Capital Appreciatiion	Under normal market conditions, invests at least 80% of its net assets in common stocks and other equity securities of U.S. companies with small market capitalizations, at the time of purchase in the range of companies included in the Russell 2000 Index.
FIDELITY
Managed by Strategic Advisers, Inc.	Fidelity VIP FundsManager 50% Portfolio	Model Portfolio (Fund of Funds)	High total return	Invests in a combination of underlying Fidelity retail and variable insurance products funds using a target allocation of approximately 35% domestic equity funds, 15% international equity funds, 40% fixed income funds and 10% money market funds, to achieve portfolio characteristics similar to the VIP FundsManager 50% Composite Index.
	Fidelity VIP FundsManager 60% Portfolio	Model Portfolio (Fund of Funds)	High total return	Invests in a combination of underlying Fidelity retail and variable insurance products funds using a target allocation of approximately 42% domestic equity funds, 18% international equity funds, 35% fixed income funds and 5% money market funds, to achieve portfolio characteristics similar to the VIP FundsManager 60% Composite Index.
FRANKLIN TEMPLETON
Managed by Allianz Investment Management LLC/Franklin Mutual Advisers, LLC, Templeton Global Advisors Limited, and Franklin Advisers, Inc.	AZL Franklin Templeton Founding Strategy Plus Fund	Specialty	Long-term capital appreciation, with income as a secondary goal	Invests in a combination of subportfolios or strategies, each of which is managed by an asset manager that is part of Franklin Templeton. The strategies invest primarily in U.S. and foreign equity and fixed income securities.
Managed by Franklin Advisers, Inc.	Franklin High Income Securities Fund	High-Yield Bonds	High current income with capital appreciation as a secondary goal	Invests primarily to predominantly in high yield, lower-rated debt securities (“junk bonds”) and preferred stocks.
	Franklin Income Securities Fund	Specialty	Maximize income while maintaining prospects for capital appreciation	Normally invests in debt and equity securities.
Administered by Franklin Templeton Services, LLC	Franklin Templeton VIP Founding Funds Allocation Fund	Model Portfolio (Fund of Funds)	Capital appreciation with income as a secondary goal.	Invests equal portions in Class 1 shares of the Franklin Income Securities Fund, Mutual Shares Securities Fund, and Templeton Growth Securities Fund.
Managed by Franklin Advisers, Inc.	Franklin U.S. Government Fund	Intermediate-Term Bonds	Income	At least 80% of its net assets in U.S. government securities.
Managed by Franklin Mutual Advisers, LLC	Mutual Shares Securities Fund	Large Value	Capital appreciation, with income as a secondary goal	Invests primarily in U.S. and foreign equity securities that the manager believes are undervalued.
Managed by Franklin Advisers, Inc.	Templeton Global Bond Securities Fund	Intermediate-Term Bonds	High current income, consisent with preservation of capital, with capital appreciation as a secondary consideration	Normally invests at least 80% of its net assets in bonds, which include debt securities of any maturity, such as bonds, notes, bills and debentures.
Managed by Templeton Global Advisors Limited	Templeton Growth Securities Fund	International Equity	Long-term capital growth	Normally invests primarily in equity securities of companies located anywhere in the world, including those in the U.S. and in emerging markets.

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Investment Management Company and Adviser/Subadviser	Name of Investment Option	Asset Category	Objective(s)	Primary Investments (Normal market conditions)
GATEWAY
Managed by Allianz Investment Management LLC/Gateway Investment Advisors, LLC	AZL Gateway Fund	Specialty	Capture equity market investment returns, while exposing investors to less risk than other equity investments	Normally invests in a broadly diversified portfolio of common stocks, while also selling index call options and purchasing index put options. May invest in companies with small, medium or large market capitalizations and in foreign securities traded in U.S. markets.
INVESCO
Managed by Allianz Investment Management LLC/Invesco Advisers, Inc.	AZL Invesco Equity and Income Fund	Specialty	Highest possible income consistent with safety of principal. Secondary objective of long-term growth of capital	Invests at least 80% of its net assets in equity and income securities. Invests at least 65% of its total assets in income-producing equity securities and also invests in investment grade quality debt securities. May invest up to 15% of total assets in REITs and up to 25% ot total assets in foreign securities, including emerging market securities.
	AZL Invesco Growth and Income Fund	Large Value	Income and long-term growth of capital	Invests primarily in income-producing equity securities, including common stocks and convertible securities; also in non-convertible preferred stocks and debt securities rated “investment grade.” May invest  up to 25% of total assets in foreign securities, including emerging markets.
	AZL Invesco International Equity Fund	International	Long-term growth of capital	At least 80% of its assets in a diversified portfolio of equity securities of foreign issuers that are considered by the fund’s subadviser to have strong earnings growth.
J.P. MORGAN
Managed by Allianz Investment Management LLC/J.P. Morgan Investment Management, Inc.	AZL JPMorgan International Opportunities Fund	International	Long term capital appreciation	Invests at least 80% of assets in a diversified portfolio of equity securities of issuers primarily from developed countries other than the U.S.
	AZL JPMorgan U.S. Equity Fund	Large Blend	High total return	Invests at least 80% of its net assets, plus any borrowings for investment purposes, primarily in equity securities of large- and medium-capitalization U.S. companies.
MFS
Managed by Allianz Investment Management LLC/Massachusetts Financial Services Company	AZL MFS Investors Trust Fund	Large Blend	Capital appreciation	Invests primarily in equity securities of companies with large capitalizations that the subadviser believes has above average earnings growth potential, are undervalued, or in a combination of growth and value companies.
MORGAN STANLEY
Managed by Allianz Investment Management LLC/Morgan Stanley Investment Management, Inc.	AZL Morgan Stanley Global Real Estate Fund	Specialty	Income and capital appreciation	Invests at least 80% of assets in equity securities of companies in the real estate industry located throughout the world, including real estate investment trusts and real estate operating companies established outside the U.S.
	AZL Morgan Stanley Mid Cap Growth Fund	Mid Cap	Capital growth	At least 80% of net assets in common stocks and other equity securities of mid capitalization growth companies, with market capitalizations within the range of the Russell Midcap Growth Index.
OPPENHEIMERFUNDS
Managed by Allianz Investment Management LLC/OppenheimerFunds, Inc.	AZL Oppenheimer Discovery Fund	Small Cap	Capital appreciation	Under normal market conditions, invests at least 80% of its net assets in common stocks and other equity securities of U.S. companies with small market capitalizations, at the time of purchase in the range of companies included in the Russell 2000 Growth Index and that the subadviser believes to have favorable growth prospects.

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Investment Management Company and Adviser/Subadviser	Name of Investment Option	Asset Category	Objective(s)	Primary Investments (Normal market conditions)
PIMCO
Managed by Pacific Investment Management Company LLC	PIMCO EqS Pathfinder Portfolio	International Equity	Capital appreciation	Normally invests in equity securities, including common and preferred stock, of issuers that PIMCO believes are undervalued by the market in comparison to PIMCO’s own determination of the company’s value. May invest in securities and instruments that are economically tied to foreign countries.
	PIMCO VIT All Asset Portfolio	Specialty (Fund of Funds)	Maximum real return consistent with preservation of real capital and prudent investment management	Invests substantially all of its assets in institutional class shares of the underlying PIMCO Funds.
	PIMCO VIT CommodityReal Return® Strategy Portfolio	Specialty	Maximum real return consistent with prudent investment management	Invests in commodity linked derivative instruments backed by a portfolio of inflation-indexed securities and other fixed income securities.
	PIMCO VIT Emerging Markets Bond Portfolio	Intermediate-Term Bonds	Maximum total return, consistent with preservation of capital and prudent investment management	At least 80% of its assets in fixed income instruments of issuers that economically are tied to emerging markets countries.
	PIMCO VIT Global Advantage Strategy Bond Portfolio	Intermediate-Term Bonds	Total return, which exceeds that of its benchmarks, consistent with prudent investment management	At least 80% of its assets in fixed income instruments that are economically tied to at least three countries (one of which may be the United States), which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements.
	PIMCO VIT Global Bond Portfolio (Unhedged)	Intermediate-Term Bonds	Maximum total return, consistent with preservation of capital and prudent investment management	At least 80% of its assets in fixed income instruments of issuers in at least three countries (one of which may be the U.S.), which may be represented by forwards or derivatives. May invest, without limitation, in securities economically tied to emerging market countries.
	PIMCO VIT Global Multi-Asset Managed Volatility Portfolio	Specialty	Total return, which exceeds a blend of 60% MSCI World Index/40% Barclays Capital U.S. Aggregate Index with explicit management of overall portfolio volatility	Invests in a combination of affiliated and unaffiliated funds, fixed income instruments, equity securities, forwards and derivatives. Typically invests 20% to 80% of total assets in equity-related investments. A three-step approach is used in seeking to achieve the return and volatility parameters of the investment objective.
	PIMCO VIT Global Multi-Asset Portfolio	Specialty	Total return which exceeds a blend of 60% MSCI World Index/40% Barclays Capital U.S. Aggregate Index	Invests in a combination of affiliated and unaffiliated funds, fixed income instruments, equity securities, forwards and derivatives. Typically invests 20% to 80% of total assets in equity-related investments.
	PIMCO VIT High Yield Portfolio	High-Yield Bonds	Maximum total return, consistent with preservation of capital and prudent investment management	At least 80% of assets in a diversified portfolio of high-yield securities (“junk bonds”) rated below investment grade, but at least Caa by Moody’s or equivalently rated by S&P or Fitch. May invest up to 20% of total asets in securities denominated in foreign currencies.

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Investment Management Company and Adviser/Subadviser	Name of Investment Option	Asset Category	Objective(s)	Primary Investments (Normal market conditions)
	PIMCO VIT Real Return Portfolio	Intermediate-Term Bonds	Maximum real return, consistent with preservation of real capital and prudent investment management	At least 80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities and corporations.
	PIMCO VIT Total Return Portfolio	Intermediate-Term Bonds	Maximum total return, consistent with preservation of capital and prudent investment management	At least 65% of total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements.
	PIMCO VIT Unconstrained Bond Portfolio	Specialty	Maximum long-term return, consistent with preservation of capital and prudent investment management	At least 80% of its assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements.
SCHRODER
Managed by Allianz Investment Management LLC/Schroder Investment Management North America Inc.	AZL Schroder Emerging Markets Equity Fund	Specialty	Capital appreciation	Invests at least 80% of its net assets in equity securities of companies that the subadviser believes to be “emerging market” issuers. May invest remainder of assets in securities of issuers located anywhere in the world.

SUBSTITUTION AND LIMITATION ON FURTHER INVESTMENTS

We may substitute another Investment Option for one of your selected Investment Options, for any reason in our sole discretion. To the extent required by the Investment Company Act of 1940 or other applicable law, we do not substitute any shares without SEC approval and providing you notice. We may make substitutions with respect to your existing allocations, future Purchase Payment allocations, or both. New or substitute Investment Options may have different fees and expenses, and their availability may be limited to certain purchaser classes. We may limit further Investment Option allocations if marketing, tax or investment considerations warrant, or for any reason in our sole discretion. We may also close Investment Options to additional allocations. The fund companies that sell Investment Option shares to us, pursuant to participation agreements, may end those agreements and discontinue offering us their shares.

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TRANSFERS BETWEEN INVESTMENT OPTIONS

You can make transfers between Investment Options, subject to the following restrictions. Currently, there is no maximum number of transfers allowed, but we may change this in the future. Transfers may be subject to a transfer fee, see section 7, Expenses.

The following applies to any transfer.

· The minimum transfer is $1,000, or the entire Investment Option amount if less. We waive this requirement under the dollar cost averaging and flexible rebalancing programs, and under the allocation and transfer restrictions for Income Protector or Investment Protector.

· We may choose not to allow you to make transfers during the free look/right-to-examine period.

· Your request for a transfer must clearly state the Investment Options involved and how much to transfer.

· If you select Income Protector or Investment Protector, your transfer instructions must comply with the “Investment Option Allocation Restrictions and Quarterly Rebalancing” in section 11.a, Income Protector or section 11.b, Investment Protector.

· Your right to make transfers is subject to the Excessive Trading and Market Timing policy discussed later in this section.

· Contract Value transfers between Investment Options do not change your future Purchase Payment allocation instructions or how we rebalance your Contract Value quarterly if you select Income Protector or Investment Protector. To change this quarterly rebalancing when you make a transfer, you must also change your future allocation instructions.

We process transfer requests based on prices next determined after we receive your request in Good Order at our Service Center. If we do not receive your transfer request before the end of the current Business Day, even if due to our delay in answering your call or a delay caused by our electronic systems, you receive the next Business Day’s prices.

You can request transfers in writing, or electronically by telephone, fax, or website at http:// www.allianzlife.com. We do not currently accept transfer instructions from you through any other form of electronic communication. Unless you instruct us not to, we accept transfer instructions from any Owner. We may also allow you to authorize someone else to request transfers on your behalf.

ELECTRONIC INVESTMENT OPTION TRANSFER AND ALLOCATION INSTRUCTIONS

We use reasonable procedures to confirm that electronic transfer and allocation instructions given to us are genuine. If we do not use such procedures, we may be liable for any losses due to unauthorized or fraudulent instructions. We record all telephone instructions and log all website instructions. We reserve the right to deny any transfer request or allocation instruction change, and to discontinue or modify our electronic instruction privileges at any time for any reason.

Please note that telephone, fax and/or the website may not always be available. Any electronic system, whether it is ours, yours, your service provider’s, or your Financial Professional’s, can experience outages or slowdowns for a variety of reasons, which may delay or prevent our processing of your transfer request or allocation instruction change. Although we have taken precautions to help our systems handle heavy use, we cannot promise complete reliability. If you are experiencing problems, you should submit your instructions in writing to our Service Center.

By authorizing electronic instructions, you authorize us to accept and act upon these instructions for your Contract. There are risks associated with electronic communications that do not occur with a written request. Anyone authorizing or making such requests bears those risks. You should protect your website password, because the website is available to anyone with your password; we cannot verify that the person providing instructions on the website is you, or is authorized by you.

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EXCESSIVE TRADING AND MARKET TIMING

We may restrict or modify your right to make transfers to prevent any use that we consider to be part of a market timing program.

Frequent transfers, programmed transfers, transfers into and then out of an Investment Option in a short period of time, and transfers of large amounts at one time (collectively referred to as “potentially disruptive trading”) may have harmful effects for other Owners, Annuitants and Beneficiaries. These risks and harmful effects include the following.

· Dilution of the interests of long-term investors in an Investment Option, if market timers or others transfer into an Investment Option at prices that are below their true value, or transfer out at prices above their true value.

· An adverse effect on portfolio management, such as causing an Investment Option to maintain a higher level of cash or causing an Investment Option to liquidate investments prematurely.

· Increased brokerage and administrative expenses.

We attempt to protect our Owners and the Investment Options from potentially disruptive trading through our excessive trading and market timing policies and procedures. Under these policies and procedures, we could modify your transfer privileges for some or all of the Investment Options. Unless prohibited by your Contract or applicable state law, we may:

· Limit transfer frequency (for example, prohibit more than one transfer a week, or more than two a month, etc.).

· Restrict the transfer method (for example, requiring all transfers be sent by first class U.S. mail and rescinding electronic transfer privileges).

· Require a minimum time period between each transfer into or out of the same Investment Option. Our current policy, which is subject to change without notice, prohibits “round trips” within 14 calendar days. We do not include transfers into and/or out of the AZL Money Market Fund when available in your Contract. Round trips are transfers into and back out of the same Investment Option, or transfers out of and back into the same Investment Option.

· Refuse transfer requests made on your behalf by an asset allocation and/or market timing service.

· Limit the dollar amount of any single Purchase Payment or transfer request to an Investment Option.

· Prohibit transfers into specific Investment Options.

· Impose other limitations or restrictions to the extent permitted by federal securities laws.

We also reserve the right to reject any specific Purchase Payment allocation or transfer request from any person if in the investment adviser’s, subadviser’s or our judgment, an Investment Option may be unable to invest effectively in accordance with its investment objectives and policies.

Currently, we attempt to deter disruptive trading as follows. If a transfer(s) is/are identified as potentially disruptive trading, we may (but are not required to) send a warning letter. If the conduct continues and we determine it constitutes disruptive trading, we also impose transfer restrictions. Transfer restrictions may include refusing electronic transfers and requiring all transfers be sent by first-class U.S. mail. We do not enter into agreements permitting market timing and would not permit activities determined to be disruptive trading to continue. We also reserve the right to impose transfer restrictions if we determine, in our sole discretion, that transfers disadvantage other Owners. We notify you in writing if we impose transfer restrictions on you.

We do not include automatic transfers made under any of our programs or Contract features when applying our market timing policy.

We adopted these policies and procedures as a preventative measure to protect all Owners from the potential effects of disruptive trading, while also abiding by your legitimate interest in diversifying your investment and making periodic asset re-allocations based on your personal situation or overall market conditions. We attempt to protect your interests in making legitimate transfers by providing reasonable and convenient transfer methods that do not harm other Owners.

We may make exceptions when imposing transfer restrictions if we determine a transfer is appropriate, although it may technically violate our policies and procedures discussed here. In determining if a transfer is appropriate, we may, but are not required to, take into consideration its relative size, whether it was purely a defensive transfer into the AZL Money Market Fund, and whether it involved an error or similar event. We may also reinstate electronic transfer privileges after we revoke them, but we do not reinstate these privileges if we believe they might be used for future disruptive trading.

We cannot guarantee the following.

· Our monitoring will be 100% successful in detecting all potentially disruptive trading activity.

· Revoking electronic transfer privileges will successfully deter all potentially disruptive trading.

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In addition, some of the Investment Options are available to other insurance companies and we do not know if they adopted policies and procedures to detect and deter potentially disruptive trading, or what their policies and procedures might be. Because we may not be completely successful at detecting and preventing market timing activities, and other insurance companies that offer the Investment Options may not have adopted adequate market timing procedures, there is some risk that market timing activity may occur and negatively affect other Owners.

We may, without prior notice to any party, take whatever action we deem appropriate to comply with any state or federal regulatory requirement. In addition, purchase orders for an Investment Option’s shares are subject to acceptance by that Investment Option’s manager. We reserve the right to reject, without prior notice, any Investment Option transfer request or Purchase Payment if the purchase order is rejected by the investment manager. We have entered into agreements required under SEC Rule 22c-2 (Rule 22c-2 agreements) whereby, upon request by an underlying fund or its designee, we must provide information about you and your trading activities to the underlying fund or its designee. Under the terms of the Rule 22c-2 agreements, we are required to: (1) provide details concerning every purchase, redemption, transfer, or exchange of Investment Options during a specified period; and (2) restrict your trading activity if the party receiving the information so requests. Under certain Rule 22c-2 agreements, if we fail to comply with a request to restrict trading activity, the underlying fund or its designee may refuse to accept buy orders from us until we comply.

Investment Options may add or change policies designed to restrict market timing activities. For example, Investment Options may impose restrictions on transfers between Investment Options in an affiliated group if the investment adviser to one or more of the Investment Options determines that the person requesting the transfer has engaged, or is engaging in, market timing or other abusive trading activities. In addition, an Investment Option may impose a short-term trading fee on purchases and sales within a specified period. You should review the Investment Options’ prospectuses regarding any applicable transfer restrictions and the imposition of any fee to discourage short-term trading. The imposition of these restrictions would occur as a result of Investment Option restrictions and actions taken by the Investment Options’ managers.

NOTE: This Contract is not designed for professional market timing organizations, other entities or persons using programmed, large, or frequent transfers, and we may restrict excessive or inappropriate transfer activity.

We retain some discretion in determining what actions constitute potentially disruptive trading and in determining when and how to impose trading restrictions. Therefore, persons engaging in potentially disruptive trading may be subjected to some uncertainty as to when and how we apply trading restrictions, and persons not engaging in potentially disruptive trading may not know precisely what actions will be taken against a person engaging in potentially disruptive trading. For example, if we determine a person is engaging in potentially disruptive trading, we may revoke that person’s electronic transfer privileges and require all future requests to be sent by first class U.S. mail. In the alternative, if the disruptive trading affects only a single Investment Option, we may prohibit transfers into or Purchase Payment allocations to that Investment Option. We notify the person or entity making the potentially disruptive trade when we revoke any transfer privileges.

The retention of some level of discretion by us may result in disparate treatment among persons engaging in potentially disruptive trading, and it is possible that some persons could experience adverse consequences if others are able to engage in potentially disruptive trading practices that have negative effects.

FLEXIBLE REBALANCING PROGRAM

Your selected Investment Options’ performance may cause the percentage of Contract Value in each Investment Option to change. Flexible rebalancing can help you maintain your selected allocation percentages. You can direct us to automatically adjust your Contract Value (and Bonus Value, if applicable) in the Investment Options on a quarterly, semi-annual or annual basis according to your instructions. We make flexible rebalancing transfers on the 20th of the month, or the prior Business Day if the 20th is not a Business Day. We must receive your flexible rebalancing program form in Good Order at our Service Center by 4 p.m. Eastern Time on the Business Day before we rebalance, or your program does not begin until next month. If you participate in this program, there are no fees for the flexible rebalancing transfers and we do not currently count them as a free transfer. We reserve the right to discontinue or modify the flexible rebalancing program at any time and for any reason. To end this program, we must receive your request at our Service Center by 4 p.m. Eastern Time on the Business Day immediately before the 20th to end that month.

NOTE: This program is not available if you select Income Protector or Investment Protector.

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FINANCIAL ADVISERS – ASSET ALLOCATION PROGRAMS

If you have an investment adviser and want to pay their fees from this Contract, you can submit a written request to our Service Center on a form satisfactory to us. If we approve your request, we withdraw the fee and pay it to your adviser. We treat this fee payment as a withdrawal. For tax purposes, withdrawals from Non-Qualified Contracts are considered to come from earnings first, not Purchase Payments. If any Owner is under age 59½, withdrawals may be subject to a 10% federal penalty tax. You should consult a tax adviser regarding the tax treatment of adviser fee payments.

Your investment adviser acts on your behalf, not ours. We are not party to your advisory agreement or responsible for your adviser’s actions. We do not set your adviser’s fee or receive any part of it. Any adviser fee you pay is in addition to this Contract’s fees and expenses. You should ask your adviser about compensation they receive for this Contract.

You can submit a written request to our Service Center on a form satisfactory to us to allow your adviser to make Investment Option transfers on your behalf. However, we reserve the right to review an adviser’s trading history before allowing him or her to make transfers. If, in our sole discretion, we believe the adviser's trading history indicates excessive trading, we can deny your request. If we approve it, your adviser is subject to the same trading restrictions that apply to Owners. We can deny or revoke trading authority in our sole discretion.

VOTING PRIVILEGES

We legally own the Investment Option shares. However, when an Investment Option holds a shareholder vote that affects your investment, we ask you to give us voting instructions. We then vote all of our shares, including any we own on our behalf, in proportion to those instructions. Because most Owners do not give us instructions and we vote shares proportionally, a small number of Owners may determine a vote’s outcome. If we determine we no longer need to get your voting instructions, we will decide how to vote the shares. Only Owners have voting privileges. Annuitants, Beneficiaries, Payees and other persons have no voting privileges unless they are also Owners.

We determine your voting interest in an Investment Option as follows.

· You can provide voting instructions based on the dollar value of the Investment Option’s shares in your Contract’s subaccount. We calculate this value based on the number and value of accumulation/annuity units for your Contract on the record date. We count fractional units.

· You receive proxy materials and a voting instruction form.

6. OUR GENERAL ACCOUNT

Our general account holds all our assets other than our separate account assets. We own our general account assets and use them to support our insurance and annuity obligations, other than those funded by our separate accounts. These assets are subject to our general business operation liabilities, and may lose value. Subject to applicable law, we have sole investment discretion over our general account assets.

We have not registered our general account as an investment company under the Investment Company Act of 1940, nor have we registered our general account interests under the Securities Act of 1933. As a result, the SEC has not reviewed our general account prospectus disclosures.

We do not currently offer any general account investment choices during the Accumulation Phase. Any Contract Value you apply to fixed Annuity Payments during the Annuity Phase becomes part of our general account. Any guaranteed values, such as Income Protector’s Benefit Base or Investment Protector’s Target Value, that are greater than Contract Value are subject to our claims paying ability and the priority rights of our other creditors.

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7. EXPENSES

Contract fees and expenses reduce your investment return and are described here in detail.

MORTALITY AND EXPENSE RISK (M&E) CHARGE

We calculate and accrue the M&E charge at an annualized rate of the Investment Options’ net asset value on each Business Day during the Accumulation Phase as follows.

	Mortality and Expense Risk (M&E) Charge (as a percentage of each Investment Options’ net asset value)
Base Contract without optional benefits	1.40%
Base Contract with Quarterly Value Death Benefit	1.70%
Base Contract with the Short Withdrawal Charge Option	1.65%
Base Contract with the Short Withdrawal Charge Option and Quarterly Value Death Benefit	1.95%
Base Contract with the Bonus Option	1.70%
Base Contract with the Bonus Option and Quarterly Value Death Benefit	2.00%
Base Contract with the No Withdrawal Charge Option	1.75%
Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit	2.05%

If you select variable Annuity Payments during the Annuity Phase the M&E charge is 1.70% for a Base Contract with the Bonus Option, or 1.40% for all other Contracts. The M&E charge reduces the net asset value that we use to calculate each subaccount’s accumulation unit value during the Accumulation Phase, or each subaccount’s annuity unit value during the Annuity Phase. For more information on accumulation unit values, see the discussion in section 4, Valuing Your Contract and in the Accumulation Unit Value section of the SAI. For more information on Annuity Payments, see the Annuity Payments section of the SAI.

The Contract allows Partial Annuitization. It is possible for part of your Contract to be in the Accumulation Phase with one M&E charge while another part is in the Annuity Phase with a different M&E charge. For example, if you select the Base Contract with Quarterly Value Death Benefit and request a variable Partial Annuitization, we reduce your accumulation unit value for the 1.70% M&E charge and we reduce your annuity unit value for the 1.40% M&E charge. For more information, see section 9, The Annuity Phase – Partial Annuitization.

The M&E charge compensates us for all your Contract’s benefits, including our contractual obligation to make Annuity Payments, certain Contract expenses, and assuming the expense risk that the current charges are less than future Contract administration costs. If the M&E charge covers these costs and risks, any excess is profit to us. We anticipate making such a profit.

RIDER CHARGE

If you select Income Protector or Investment Protector, we deduct a rider charge from your Contract Value (and Bonus Value, if applicable) during the Accumulation Phase while your benefit is in effect and your Contract Value is positive. The rider charge is an annualized rate that is calculated and accrued on a daily basis as a percentage of the Benefit Base under Income Protector, or as a percentage of the Target Value under Investment Protector.

We begin calculating and accruing the daily rider charge amount on the day after the Rider Effective Date. We deduct the rider charge for each quarter at the end of the last Business Day before each Quarterly Anniversary with the following exceptions.

· If you withdraw the total Contract Value, we deduct the final rider charge (the total of all daily rider charges we calculated for the current Contract quarter) before processing the withdrawal.

· If your Contract ends due to death, we deduct the final rider charge before calculating the death benefit.

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	Rider Charge
	Maximum	Minimum	Current
Income Protector Single Lifetime Plus Payments (as a percentage of the Benefit Base) Joint Lifetime Plus Payments (as a percentage of the Benefit Base)	2.50% 2.75%	0.50% 0.50%	1.20% 1.20%
Investment Protector (as a percentage of the Target Value)	2.50%	0.35%	0.95%

For information on how we calculate the Benefit Base, see section 11.a, Income Protector – Benefit Base. For information on how we calculate the Target Value, see section 11.b, Investment Protector – Target Value.

We reserve the right to increase or decrease the rider charge on each Quarterly Anniversary, subject to the maximum and minimum. However, in any twelve-month period we cannot increase or decrease the rider charge for Income Protector more than 0.50%, and for Investment Protector more than 0.35%. If we increase your rider charge, we notify you in writing at least 30 days in advance to allow you the option of removing the benefit before the charge increases.

We deduct the rider charge on a dollar for dollar basis from the Contract Value (and Bonus Value, if applicable). However, the rider charge does not decrease guaranteed values; it only decreases the Contract Value used to calculate any potential increases to guaranteed values. Guaranteed values include Income Protector’s Benefit Base, Investment Protector’s Target Value, and Quarterly Value Death Benefit’s Quarterly Anniversary Value (see section 11.c). If on a Quarterly Anniversary the Contract Value at the end of the prior Business Day is less than the rider charge, we deduct your total remaining Contract Value to cover the final rider charge and reduce your Contract Value to zero. If the deduction of the final rider charge eliminates your Contract Value, it does not end your Contract, selected benefit, or any Lifetime Plus Payments, although we no longer assess or deduct the rider charge.

Changes to the Benefit Base or Target Value change the rider charge amount. For example, under Income Protector, if you receive an annual Lifetime Plus Payment increase because the Contract Value increased, both your Benefit Base and daily rider charge amount also increase. Similarly, an Excess Withdrawal decreases both your Benefit Base and daily rider charge amount.

This fee compensates us for the benefits provided by Income Protector or Investment Protector, including your benefit’s guarantees. If the rider charge covers these costs and risks, any excess is profit to us. We anticipate making such a profit.

CONTRACT MAINTENANCE CHARGE

Your annual contract maintenance charge is $50. This charge is for Contract administration and maintenance expenses. We waive this charge as follows:

· During the Accumulation Phase for all your Vision Contracts if the total Contract Value (or Bonus Value, if applicable) is at least $100,000 at the time we are to deduct the charge. We determine the total Contract Value (or Bonus Value, if applicable) for all individually owned Contracts by using the Owner’s social security number, and for non-individually owned Contracts we use the Annuitant’s social security number.

· During the Annuity Phase if the Contract Value on the Income Date is at least $100,000.

· When paying death benefits under death benefit payment options A, B, or C.

During the Accumulation Phase, we deduct the contract maintenance charge on a dollar for dollar basis from the Contract Value (and Bonus Value, if applicable) determined at the end of the last Business Day before the Contract Anniversary. If you take a full withdrawal from your Contract (other than on a Contract Anniversary), we deduct the full contract maintenance charge. The contract maintenance charge does not decrease guaranteed values; it only decreases the Contract Value used to calculate any potential increases to guaranteed values.

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WITHDRAWAL CHARGE

You can take withdrawals from any portion of the Contract that is in the Accumulation Phase. A withdrawal charge applies if any part of a withdrawal comes from a Purchase Payment that is still within the withdrawal charge period. We assess the withdrawal charge against the Withdrawal Charge Basis, which is equal to total Purchase Payments, less any Purchase Payment withdrawn (excluding any penalty-free withdrawals), and less any applicable withdrawal charge. We do not reduce the Withdrawal Charge Basis for any amounts we deduct to pay other Contract charges.

You are not subject to a withdrawal charge if you select the No Withdrawal Charge Option. We also do not assess a withdrawal charge on penalty-free withdrawals or amounts we deduct to pay Contract charges, other than the withdrawal charge. However, any amounts used to pay a withdrawal charge are subject to a withdrawal charge. Amounts withdrawn to pay investment adviser fees are subject to a withdrawal charge if they exceed the free withdrawal privilege. Penalty-free withdrawals include: withdrawals under the free withdrawal privilege and waiver of withdrawal charge benefit; payments under our minimum distribution program; Annuity Payments; and Lifetime Plus Payments.

For purposes of calculating any withdrawal charge, we withdraw Purchase Payments on a “first-in-first-out” (FIFO) basis and we process withdrawal requests as follows.

1. First we withdraw from Purchase Payments that are beyond your Contract’s withdrawal charge period (for example, on a Base Contract, Purchase Payments we have had for seven or more complete years). This withdrawal is not subject to a withdrawal charge and it reduces the Withdrawal Charge Basis.

2. Then, if this is a partial withdrawal, we withdraw from the free withdrawal privilege (see section 8, Access to Your Money – Free Withdrawal Privilege). This withdrawal is not subject to a withdrawal charge and it does not reduce the Withdrawal Charge Basis.

3. Next, on a FIFO basis, we withdraw from Purchase Payments within your Contract’s withdrawal charge period and assess a withdrawal charge. Withdrawing payments on a FIFO basis may help reduce the total withdrawal charge because the charge declines over time. We determine your total withdrawal charge by multiplying each payment by its applicable withdrawal charge percentage and then totaling the charges. This withdrawal reduces the Withdrawal Charge Basis.

4. Finally we withdraw any Contract earnings. Bonuses (if applicable) and earnings on them are considered Contract earnings for withdrawal charge purposes. This withdrawal is not subject to a withdrawal charge and it does not reduce the Withdrawal Charge Basis.

The withdrawal charge as a percentage of each Purchase Payment withdrawn is as follows.

Number of Complete Years Since Purchase Payment	Withdrawal Charge Amount
	Base Contract(1)	Bonus Option(2)	Short Withdrawal Charge Option	No Withdrawal Charge Option
0	8.5%	8.5%	8.5%	0%
1	8.5%	8.5%	7.5%	0%
2	7.5%	8.5%	5.5%	0%
3	6.5%	8%	3%	0%
4	5%	7%	0%	0%
5	4%	6%	0%	0%
6	3%	5%	0%	0%
7	0%	4%	0%	0%
8	0%	3%	0%	0%
9 years or more	0%	0%	0%	0%

(1) In Mississippi, the withdrawal charge is 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4%, 3%, and 0% for the time periods referenced.

(2) In Connecticut, the withdrawal charge is 8.5%, 8.5%, 8%, 7%, 6%, 5%, 4%, 3%, 2% and 0% for the time periods referenced. In Mississippi, the withdrawal charge is 8%, 8%, 8%, 8%, 7%, 6%, 5%, 3.5%, 1.5% and 0% for the time periods referenced.

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Upon a full withdrawal, we first deduct any applicable contract maintenance charge and rider charge before we calculate the withdrawal charge. We deduct any applicable withdrawal charge from the total Contract Value and send you the remaining amount. For a partial withdrawal we deduct the amount you request, plus any applicable withdrawal charge from the total Contract Value (and Bonus Value, if applicable). We apply the withdrawal charge to this total amount and we pay you the amount you requested. For partial withdrawals, we deduct the charge proportionately from your selected Investment Options. If a partial withdrawal occurs on a day that we also assess the rider charge and/or contract maintenance charge, we assess these charges in this order after we deduct the withdrawal and any applicable withdrawal charge from the Contract Value.

The withdrawal charge compensates us for expenses associated with selling the Contract.

Example: You make an initial Purchase Payment of $30,000 on a Base Contract and make another Purchase Payment in the first month of the second Contract Year of $70,000. In the third month of the third Contract Year, your Contract Value is $110,000 and you request a $52,000 withdrawal. We withdraw money and compute the withdrawal charge as follows.

1) Purchase Payments beyond the withdrawal charge period. All payments are still within the withdrawal charge period, so this does not apply.

2) Amounts available under the free withdrawal privilege. You did not take any other withdrawals this year, so you can withdraw up to 12% of your total payments (or $12,000) without incurring a withdrawal charge.

3) Purchase Payments on a FIFO basis. The total amount we withdraw from the first Purchase Payment is $30,000, which is subject to a 7.5% withdrawal charge, and you receive $27,750. We determine this amount as follows:

(amount withdrawn) x (1 – withdrawal charge) = the amount you receive, or:

$30,000 x 0.925 = $27,750.

Next we withdraw from the second Purchase Payment. So far, you received $39,750 ($12,000 under the free withdrawal privilege and $27,750 from the first Purchase Payment), so we withdraw $12,250 from the second Purchase Payment to equal the $52,000 you requested. The second Purchase Payment is subject to an 8.5% withdrawal charge. We calculate the total amount withdrawn and its withdrawal charge as follows:

(the amount you receive) ÷ (1 – withdrawal charge) = amount withdrawn, or:

$12,250 ÷ 0.915 = $13,388

4) Contract earnings. We already withdrew your requested amount, so this does not apply.

In total we withdrew $55,388 from your Contract, of which you received $52,000 and paid a withdrawal charge of $3,388.

Reduction or Elimination of the Withdrawal Charge

We may reduce or eliminate the withdrawal charge when the Contract is sold under circumstances that reduce its sales expenses. For example, if a large group of individuals purchases Contracts or if a prospective purchaser already has a relationship with us. We may choose not to deduct a withdrawal charge under a Contract issued to an officer, director, or employee of Allianz Life or any of its affiliates. Also, we may reduce or eliminate the withdrawal charge when a Contract is sold by a Financial Professional appointed with Allianz Life to any members of his or her immediate family and the Financial Professional waives their commission. We must pre-approve any withdrawal charge reduction or elimination.

NOTE:

· Because we do not reduce the Withdrawal Charge Basis for penalty-free withdrawals or the deduction of other Contract charges, we may assess a withdrawal charge on more than the amount you are withdrawing upon a full withdrawal of the total Contract Value. Also, upon full withdrawal, if the Contract Value has declined due to poor performance, the withdrawal charge may be greater than the total Contract Value and you will not receive any money.

· Withdrawals may have tax consequences and, if taken before age 59½, may be subject to a 10% federal penalty tax. For tax purposes, withdrawals from Non-Qualified Contracts are considered to come from earnings first, not Purchase Payments.

· Partial Annuitizations reduce each Purchase Payment and the Withdrawal Charge Basis proportionately by the percentage of Contract Value you annuitize.

· For Contracts issued in Washington: Penalty-free withdrawals reduce the Withdrawal Charge Basis. It is equal to total Purchase Payments less any withdrawals (including any withdrawal charges).

· For Contracts issued in Florida: The withdrawal charge can not exceed 10% of the Contract Value.

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TRANSFER FEE

The first twelve transfers every Contract Year are free. After that, we deduct a $25 transfer fee for each additional transfer. We count all transfers made in the same Business Day as one transfer. The following do not count against the free transfers we allow and are not subject to a transfer fee: dollar cost averaging transfers, flexible rebalancing transfers, or quarterly rebalancing transfers under Income Protector or Investment Protector.

Currently, we deduct this fee only during the Accumulation Phase, but we reserve the right to deduct it during the Annuity Phase. We deduct this fee on a dollar for dollar basis from the Contract Value (and Bonus Value, if applicable) determined at the end of the Business Day that we process the transfer request. However, the transfer fee does not decrease guaranteed values; it only decreases the Contract Value used to calculate any potential increases to guaranteed values. If you are transferring from multiple Investment Options, we deduct this fee proportionately from the Investment Options from which the transfer is made. If you transfer the total amount in an Investment Option, we deduct a transfer fee from the amount transferred. We deduct this fee before we use the Contract Value to compute any of your Contract’s guaranteed values, but this fee does not decrease these guaranteed values on a dollar for dollar basis.

PREMIUM TAX

Premium tax is based on your state of residence at the time you make each Purchase Payment. In states that assess a premium tax, we do not currently deduct it, although we reserve the right to do so in the future. Premium tax normally ranges from 0% to 3.5% of the Purchase Payment, depending on the state or governmental entity.

INCOME TAX

Currently, we do not deduct any Contract related income tax we incur, although we reserve the right to do so in the future.

INVESTMENT OPTION EXPENSES

The Investment Options’ assets are subject to operating expenses (including management fees). These expenses are described in the Fee Tables, Appendix A, and in the Investment Options’ prospectuses. These expenses reduce the Investment Options’ performance and, therefore, negatively affect your Contract Value and any guaranteed values or payments based on Contract Value. The Investment Options’ investment advisers provided us with the expense information in this prospectus and we did not independently verify it.

8. ACCESS TO YOUR MONEY

The money in your Contract is available under the following circumstances:

· by withdrawing your Contract Value;

· by withdrawing the Target Value on the last Business Day before each Target Value Date (if you select Investment Protector);

· by taking Lifetime Plus Payments (if you select Income Protector);

· by taking required minimum distributions (Qualified Contracts only) as discussed in “Minimum Distribution Program and Required Minimum Distribution (RMD) Payments” later in this section;

· by taking Annuity Payments; or

· when we pay a death benefit.

You can take withdrawals from any part of the Contract that is in the Accumulation Phase. We process withdrawal requests based on values next determined after receipt of the request in Good Order at our Service Center. Values are normally determined at the end of each Business Day. Any withdrawal request received at or after the end of the current Business Day receives the next Business Day’s values.

Any partial withdrawal must be for at least $500.* The Contract Value after a partial withdrawal must be at least $2,000.** We reserve the right to treat a partial withdrawal that reduces the Contract Value below this minimum as a full withdrawal.

* Does not apply to Lifetime Plus Payments, systematic withdrawals, or required minimum distributions.

** Does not apply to Lifetime Plus Payments.

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We deduct any partial withdrawal (including any withdrawal charge) proportionately from each Investment Option unless you provide us with alternate instructions. If you select Income Protector or Investment Protector and take a partial withdrawal from specific Investment Options, the benefit’s quarterly rebalancing feature moves money back into those Investment Options at the end of the quarter unless you also change your future Purchase Payment allocation instructions.

If you select the Bonus Option and you have multiple bonuses, we reduce the oldest unvested bonus first (see section 11.e, Bonus Option). Partial withdrawals in excess of the free withdrawal privilege reduce unvested bonus amounts by the percentage of the Contract Value withdrawn, as shown in the following example.

When you take a full withdrawal, we process your request on the Business Day we receive it in Good Order at our Service Center as follows:

· total Contract Value determined at the end of the day,

· less any final rider charge if you selected Income Protector or Investment Protector,

· less any withdrawal charge, and

· less any contract maintenance charge.

See the Fee Tables and section 7, Expenses for a discussion of these charges.

We pay withdrawals within seven days of receipt of your request in Good Order at our Service Center, unless the suspension of payments or transfers provision is in effect (see the discussion later in this section).

NOTE:

· Ordinary income taxes and tax penalties may apply to any withdrawal you take.

· We may be required to provide information about you or your Contract to government regulators. We may also be required to stop Contract disbursements and thereby refuse any transfer requests, and refuse to pay any withdrawals, surrenders, or death benefits until we receive instructions from the appropriate regulator. If, pursuant to SEC rules, the AZL Money Market Fund suspends payment of redemption proceeds in connection with a fund liquidation, we will delay payment of any transfer, partial withdrawal, surrender, or death benefit from the AZL Money Market Fund subaccount until the fund is liquidated.

· For Contracts with Investment Protector: The Target Value is only guaranteed to be available on the last Business Day before each Target Value Date. Beginning on the next Business Day, your Contract Value fluctuates based on your selected Investment Options’ performance, and this is the value available to you upon withdrawal. We notify you in writing at least 30 days in advance of your initial Target Value Date to allow you to decide if you want to take a withdrawal and/or continue your Contract until the next Target Value Date.

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Example

· You purchase a Base Contract with the Bonus Option, make an initial Purchase Payment of $100,000 and receive a $6,000 bonus.

· You request a $50,000 partial withdrawal (not including the withdrawal charge) during the first Contract Year when the withdrawal charge is 8.5%. On the day of (but before) the partial withdrawal, your Contract Value is $110,600, the Bonus Value is $116,600, and your free withdrawal privilege is $12,000. Your bonus is not vested.

Calculating the total withdrawal charge:
Amount requested that is subject to a withdrawal charge (amount requested minus the free withdrawal privilege)
= $50,000 – $12,000 =	$38,000.00
Divided by (1 minus the withdrawal charge percentage) = 1 – 0.085 =	¸ 0.915
Total amount subject to a withdrawal charge	$41,530.05
Total withdrawal charge (amount withdrawn minus the amount requested) = $41,530.05 – $38,000.00 =	$ 3,530.05
Reducing the Contract Value:
Contract Value on the day of (but before) the partial withdrawal	$110,600.00
Minus the total amount withdrawn (amount requested plus the total withdrawal charge)
= $50,000.00 + $3,530.05 =	– 53,530.05
Contract Value after the partial withdrawal	$ 57,069.95
Reducing the unvested bonus:
Amount of the unvested bonus	$ 6,000.00
Multiplied by the result of the total amount withdrawn, minus the free withdrawal privilege,
divided by the Contract Value on the day of (but before the partial withdrawal)
= ($53,530.05 – $12,000) / $110,600 =	x 0.375
Reduction in the unvested bonus due to the partial withdrawal (0.375 x $6,000)	$ 2,250
Unvested bonus after the partial withdrawal = $6,000 – $2,250 =	$ 3,750

FREE WITHDRAWAL PRIVILEGE

Each Contract Year, you can withdraw up to 12% of your total Purchase Payments without incurring a withdrawal charge (the free withdrawal privilege). Any unused free withdrawal privilege in one Contract Year is not added to the amount available next year. Withdrawals of Purchase Payments that are beyond the withdrawal charge period are not subject to a withdrawal charge and do not reduce your free withdrawal privilege. Required minimum distribution payments are not subject to a withdrawal charge, but do reduce your free withdrawal privilege.

NOTE: The free withdrawal privilege is not available upon a full withdrawal (except for Contracts issued in Washington), or while you are receiving Lifetime Plus Payments.

SYSTEMATIC WITHDRAWAL PROGRAM

If your Contract Value is at least $25,000, the systematic withdrawal program can provide automatic withdrawal payments to you. You can request to receive these withdrawal payments monthly, quarterly, semi-annually or annually. There is no minimum or maximum on the amount you can withdraw under this program. During the withdrawal charge period (if applicable), systematic withdrawals in excess of the free withdrawal privilege are subject to a withdrawal charge. We make systematic withdrawals on the ninth of the month, or the prior Business Day if the ninth is not a Business Day. We must receive your systematic withdrawal program form instructions in Good Order at our Service Center by 4 p.m. Eastern Time on the Business Day before we process these withdrawals, or your program does not begin until the next month. This program ends at your request or when you withdraw your total Contract Value. However, we reserve the right to discontinue the systematic withdrawal program at any time and for any reason.

NOTE:

·     Ordinary income taxes and tax penalties may apply to systematic withdrawals.

· The systematic withdrawal program is not available while you are receiving required minimum distribution payments or Lifetime Plus Payments.

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MINIMUM DISTRIBUTION PROGRAM AND REQUIRED MINIMUM DISTRIBUTION (RMD) PAYMENTS

If you own a Qualified Contract, you can participate in the minimum distribution program during the Accumulation Phase. Under this program, we make payments to you designed to meet the applicable minimum distribution requirements imposed by the Internal Revenue Code for this Qualified Contract. RMD payments are not subject to a withdrawal charge, but they reduce the free withdrawal privilege amount during the Contract Year. We can make payments to you on a monthly, quarterly, semi-annual or annual basis. However, if your Contract Value is less than $25,000, we only make annual payments. You cannot aggregate RMD payments between this Contract and other qualified contracts that you own. We make RMD payments on the ninth of the month, or the prior Business Day if the ninth is not a Business Day. We must receive your program form instructions in Good Order at our Service Center by 4 p.m. Eastern Time on the Business Day before we process these payments, or your program does not begin until the next month.

Lifetime Plus Payments can also be used to satisfy your RMD needs. If you begin Lifetime Plus Payments while participating in the minimum distribution program, RMD payments stop on the Business Day immediately before the Benefit Date. You remain in the program (unless you choose to end it), and if your Lifetime Plus Payments and Excess Withdrawals taken during a calendar year do not fully satisfy your RMD, we send you an additional RMD payment to satisfy your remaining RMD needs. For more information, see the note in section 11.a, Income Protector – Calculating Your Lifetime Plus Payments.

NOTE:

· You should consult a tax adviser before purchasing a Qualified Contract that is subject to RMD payments.

· The minimum distribution program is not available while you are receiving systematic withdrawals.

WAIVER OF WITHDRAWAL CHARGE BENEFIT

After the first Contract Year, if any Owner becomes confined to a nursing home for a period of at least 90 consecutive days and a physician certifies that continued confinement is necessary, you can take a withdrawal and we waive the withdrawal charge. This waiver is not available if any Owner was confined to a nursing home on the Issue Date. We base this benefit on the Annuitant for non-individually owned Contracts. We must receive proof of confinement in Good Order before we waive the withdrawal charge.

NOTE FOR CONTRACTS ISSUED IN:

· Massachusetts – The waiver of withdrawal charge benefit is not available.

· New Hampshire – The definition of nursing home is an institution operated in accordance with state law.

· Pennsylvania – The waiver is not available if on the Issue Date, an Owner was confined to a nursing home or was already diagnosed with a terminal illness. Also, the nursing home confinement requirement is a total of 90 days within a six month period. These 90 days do not need to be consecutive.

SUSPENSION OF PAYMENTS OR TRANSFERS

We may be required to suspend or postpone transfers or payments for withdrawals* for any period when:

· the New York Stock Exchange is closed (other than customary weekend and holiday closings);

· trading on the New York Stock Exchange is restricted;

· an emergency (as determined by the SEC) exists as a result of which disposal of the Investment Option shares is not reasonably practicable or we cannot reasonably value the Investment Option shares; or

· during any other period when the SEC, by order, so permits for the protection of Owners.

* Including Lifetime Plus Payments, Excess Withdrawals and Cumulative Withdrawals.

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9. THE ANNUITY PHASE

Prior to annuitization, you can surrender your Contract and receive your total Contract Value. Annuity Payments offer a guaranteed income stream with certain tax advantages and are designed for Owners who are not concerned with continued access to Contract Value.

You can apply your Contract Value to regular periodic annuity payments (Annuity Payments). The Payee receives the Annuity Payments. You receive tax reporting on the payments, whether or not you are the Payee. We may require proof of the Annuitant(s)’ age before we make any life contingent Annuity Payment. If you misstate the Annuitant(s)’ age or gender, we pay the amount that would have been paid at the true age or gender.

CALCULATING YOUR ANNUITY PAYMENTS

We base Annuity Payments upon the following:

·   The Contract Value on the Income Date.

· Whether you request fixed payments, variable payments, or a combination of both fixed and variable Annuity Payments.

· The age of the Annuitant and any joint Annuitant on the Income Date.

· The gender of the Annuitant and any joint Annuitant where permitted.

· The Annuity Option you select.

· Your Contract’s mortality table.

We guarantee the dollar amount of fixed Annuity Payments and this amount does not change. Variable payments are not predetermined and the dollar amount changes with your selected Investment Options’ investment experience.

VARIABLE OR FIXED ANNUITY PAYMENTS

You can request Annuity Payments under Annuity Options 1-5 as:

· a variable payout,

· a fixed payout, or

· a combination of both.

After the Income Date, you cannot make a transfer from a fixed Annuity Payment stream to variable, but you can transfer from a variable Annuity Payment stream and establish a new fixed Annuity Payment stream.

We base fixed Annuity Payments on your Contract’s interest rate and mortality table or current rates, if higher.

The dollar amount of variable Annuity Payments depends on the assumed investment rate (AIR) you select and your selected Investment Options’ performance. You can choose a 3%, 5% or 7% AIR.* Using a higher AIR results in a higher initial variable Annuity Payment, but future payments increase more slowly and decrease more rapidly. If your Investment Options’ actual performance exceeds your selected AIR, variable Annuity Payments increase. Similarly, if the actual performance is less than your selected AIR, variable Annuity Payments decrease.

* The maximum available AIR in Florida is 4%, and in Oregon it is 5%.

If you choose a variable payout, you can invest in up to 15 Investment Options. We may change this in the future, but we will always allow you to invest in at least five Investment Options. If you do not instruct us, we base variable Annuity Payments on your future Purchase Payment allocation instructions. Currently, we require your initial Annuity Payment to be $100 or more.

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ANNUITY PAYMENT OPTIONS

You can choose one of the Annuity Options described below or any other payment option to which we agree. Before the Income Date, you can select and/or change the Annuity Option with at least 30 days written notice to us. After Annuity Payments begin, you cannot change the Annuity Option.

Option 1. Life Annuity. We make Annuity Payments during the life of the Annuitant, and the last payment is the one that is due before the Annuitant’s death. If the Annuitant dies shortly after the Income Date, the Payee may receive less than your investment in the Contract.

Option 2. Life Annuity with Payments Over 5, 10, 15 or 20 Years Guaranteed. We make Annuity Payments during the life of the Annuitant, with payments for a guaranteed minimum period that you select.

Option 3. Joint and Last Survivor Annuity. We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant. Upon the death of one Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant, at a level of 100%, 75% or 50% selected by the Owner when he or she chose this Annuity Payment option. If both Annuitants die shortly after the Income Date, the Payee may receive less than your investment in the Contract.

Option 4. Joint and Last Survivor Annuity with Payments Over 5, 10, 15 or 20 Years Guaranteed. We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant, with payments for a minimum guaranteed period that you select.

Option 5. Refund Life Annuity. We make Annuity Payments during the lifetime of the Annuitant, and the last payment is the one that is due before the Annuitant’s death. After the Annuitant’s death, the Payee may receive a lump sum refund. For a fixed payout, the amount of the refund equals the amount applied to this Annuity Option minus the total paid under this option. For variable Annuity Payments, your total refund is the sum of your selected Investment Options’ refunds. Each Investment Option’s refund is equal to the value of the difference of the annuity units applied to this Annuity Option and allocated to that Investment Option minus the total number of annuity units paid from that Investment Option. The dollar value of these annuity units fluctuates based on your selected Investment Options’ performance.

After the Annuitant’s death under Option 2, or the last surviving joint Annuitant's death under Option 4, we make Annuity Payments during the remaining guaranteed period in the following order based on who is still alive: the Payee, any surviving original Owner, the last surviving Owner’s Beneficiaries, or to the last surviving Owner’s estate if there are no remaining or named Beneficiaries.

Annuity Payments are usually lower if you select an Annuity Option that requires us to make more frequent Annuity Payments or to make payments over a longer period of time. If you choose life contingent Annuity Payments, payout rates for a younger Annuitant are lower than the payout rates for an older Annuitant and payout rates for life with a guaranteed period are typically lower than life only payments. Monthly payout rates are lower than annual payout rates, payout rates for a 20-year guaranteed period are less than payout rates for a 10-year guaranteed period, and payout rates for a 50-year-old Annuitant are less than payout rates for a 70-year-old Annuitant.

NOTE: If you do not choose an Annuity Option before the Income Date, we make variable Annuity Payments to the Payee under Annuity Option 2 with five years of guaranteed monthly payments.

WHEN ANNUITY PAYMENTS BEGIN

Annuity Payments begin on the Income Date. Your scheduled Income Date is the maximum permitted date allowed for your Contract, which is the first day of the calendar month following the later of: a) the Annuitant’s 90th birthday, or b) the tenth Contract Anniversary. An earlier Income Date or a withdrawal may be required to satisfy minimum required distribution rules under certain Qualified Contracts. You can make an authorized request for a different, earlier or later Income Date after the Issue Date, but any such request is subject to applicable law and our approval. An earlier or later Income Date may not be available to you depending on the Financial Professional you purchase your Contract through and your state of residence. Your Income Date must be the first day of a calendar month at least two years after the Issue Date.* The Income Date cannot be later than what is permitted under applicable law. If you are required to take a Full Annuitization while you are receiving Lifetime Plus Payments as a result of current tax law, which may occur at age 95 or later, we provide an annuity option with payments at least equal to the payments you are then receiving as described in the following note.

* In Florida, the earliest acceptable Income Date is one year after the Issue Date.

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NOTE:

· If on the maximum permitted Income Date your Contract Value is greater than zero, you must take a Full Annuitization. We notify you of your available options in writing 60 days in advance. If you have not selected an Annuity Option, we make variable payments under Annuity Option 2 with five years of guaranteed monthly payments. Upon Full Annuitization you no longer have Contract Value, a death benefit, or any other periodic withdrawals or payments other than Annuity Payments.

· For Contracts with Income Protector: If on the maximum permitted Income Date we require you to take a Full Annuitization and you are receiving Lifetime Plus Payments, and your Contract Value is greater than zero, we make the following guarantee if you take fixed Annuity Payments under Annuity Option 1 or 3.

For single Lifetime Plus Payments, if you choose Annuity Option 1 (Life Annuity) where the sole Annuitant is the sole Covered Person, then your fixed Annuity Payments equals the greater of:

· annual fixed Annuity Payments under Annuity Option 1 based on the Contract Value; or

· the current annual maximum Lifetime Plus Payment available to you.

For joint Lifetime Plus Payments, if you choose Annuity Option 3 (Joint and Last Survivor Annuity) with Annuity Payments to continue at a level of 100% to the surviving joint Annuitant, and both joint Annuitants are the joint Covered Persons, then your fixed Annuity Payments equals the greater of:

· annual fixed Annuity Payments under Annuity Option 3 based on the Contract Value; or

· the current annual maximum Lifetime Plus Payment available to you.

However, if you select any other Annuity Option, or if you choose to take variable Annuity Payments, these guarantees do not apply.

PARTIAL ANNUITIZATION

Only a sole Owner can take Partial Annuitizations under Annuity Options 1, 2, or 5. The Owner must be the Annuitant and we do not allow joint Annuitants. You cannot take a new Partial Annuitization while receiving Lifetime Plus Payments. We allow you to annuitize less than your total Contract Value in a Partial Annuitization. If you take a Partial Annuitization, your Contract is in both the Accumulation and Annuity Phases at the same time. We allow one Partial Annuitization every twelve months, up to a maximum of five. If you have four Partial Annuitizations and want a fifth, you must take a Full Annuitization of the total remaining Contract Value. You cannot add Contract Value to the part of a Contract that has been partially annuitized, or transfer values that have been partially annuitized to any other part of the Contract. Partial Annuitizations are not subject to a withdrawal charge (if applicable), but they decrease the Contract Value, Withdrawal Charge Basis, death benefit, and any of your Contract’s guaranteed values.

NOTE:A recent tax law change allows a Partial Anuitization under a life Annuity Option on a Non-Qualified Contract to receive the same income tax treatment as a Full Annuitization. However, this income tax treatment does not apply to a Partial Annuitization on a Qualified Contract. You should consult a tax adviser before requesting a Partial Annuitization.

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10. DEATH BENEFIT

“You” in this section refers to the Owner, or the Annuitant if the Contract is owned by a non-individual.

The Base Contract provides the Traditional Death Benefit. If available, you can instead select the Quarterly Value Death Benefit at Contract issue (see section 11.c, Quarterly Value Death Benefit). Death benefits are only available during the Accumulation Phase.

If you die during the Accumulation Phase, we process the death benefit using prices determined after we receive in Good Order at our Service Center the death benefit payment option and due proof of death. If we receive this information at or after the end of the current Business Day, we use the next Business Day’s prices. We consider due proof of death to be any of the following: a copy of a certified copy of the death certificate, a decree of court of competent jurisdiction as to the finding of death, or any other proof satisfactory to us.

If a Beneficiary dies before you, that Beneficiary’s interest in this Contract ends unless your Beneficiary designation specifies otherwise. If there are no remaining primary Beneficiaries, we pay any remaining contingent Beneficiary(ies). If there are no remaining Beneficiaries, or no named Beneficiaries, we pay the death benefit to your estate.

If there are multiple Beneficiaries, each Beneficiary receives the portion of the death benefit he or she is entitled to when we receive his or her required information in Good Order at our Service Center. Unless you instruct us to pay Beneficiaries a specific percentage of the death benefit, he or she each receives an equal share. Any part of the death benefit that is in the Investment Options remains there until distribution begins. From the time we determine the death benefit until we make a complete distribution, any amount in the Investment Options continues to be subject to investment risk that is borne by the recipient(s). Once we receive notification of death, we no longer accept additional Purchase Payments or process transfer requests.

TRADITIONAL DEATH BENEFIT

We determine the Traditional Death Benefit as of the end of the Business Day during which we receive in Good Order at our Service Center the death benefit payment option and due proof of death. It is the greater of the Contract Value (after deduction of the final rider charge, if applicable), or the Traditional Death Benefit Value.

The Traditional Death Benefit Value is the total of all Purchase Payments received, reduced by the percentage of Contract Value withdrawn, determined at the end of each Business Day. Withdrawals include Lifetime Plus Payments, Excess Withdrawals, Partial Annuitizations, and any withdrawal charges; but do not include amounts we withdraw for other Contract charges.

For multiple Beneficiaries, we determine the Traditional Death Benefit Value for each surviving Beneficiary’s portion of the death benefit at the time we first receive in Good Order at our Service Center the death benefit payment option and due proof of death. We determine the Contract Value for each surviving Beneficiary’s portion of the death benefit as of the end of the Business Day during which we receive in Good Order at our Service Center his or her selected death benefit payment option.

The Traditional Death Benefit ends upon the earliest of the following.

· The Business Day before the Income Date that you take a Full Annuitization.

· The Business Day that the Traditional Death Benefit Value and Contract Value are both zero.

· When the Contract ends.

NOTE:

· For Contracts with the Bonus Option: Bonus amounts are included in the portion of the death benefit based on Contract Value, but only as the bonus vests. We do not include the bonus in the portion of the death benefit based on Purchase Payments.

· For Contracts with Income Protector or Investment Protector:We restrict additional Purchase Payments, which limits the Traditional Death Benefit Value.

DEATH OF THE OWNER AND/OR ANNUITANT

The appendix to the Statement of Additional Information includes tables that are intended to help you better understand what happens upon the death of any Owner and/or Annuitant under the different portions of the Contract.

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DEATH BENEFIT PAYMENT OPTIONS DURING THE ACCUMULATION PHASE

If you do not designate a death benefit payment option, a Beneficiary must select one of the options listed below. If Option A (lump sum payment) is selected, we pay the amount within seven days of our receipt of the death benefit payment option and due proof of death, including any required governmental forms, unless the suspension of payments or transfers provision is in effect. Payment of the death benefit may be delayed, pending receipt of any state forms.

Spousal Continuation: If the Beneficiary is the deceased Owner’s spouse, he or she can choose to continue the Contract with their portion of the death benefit in his or her own name. Spouses must qualify as such under federal law to continue the Contract. An election by the spouse to continue their portion of the Contract must be made on the death claim form before we pay the death benefit. If the surviving spouse continues the Contract, at the end of the Business Day we receive in Good Order at our Service Center the death benefit payment option and due proof of death, we increase his or her portion of the Contract Value to equal his or her portion of the death benefit if that amount is greater. For Contracts with Income Protector or Investment Protector, a Contract Value increase may not increase the Benefit Base or Target Value. If the surviving spouse continues their portion of the Contract, he or she may exercise all of the Owner’s rights, including naming a new Beneficiary or Beneficiaries. If the spouse continues the Contract, the spouse will be subject to any remaining withdrawal charge.

Option A: Lump sum payment of the death benefit.

Option B: Payment of the entire death benefit within five years of the date of any Owner’s death.

Option C: If the Beneficiary is an individual,payment of the death benefit as an Annuity Payment over the Beneficiary’s lifetime, or over a period not extending beyond the Beneficiary’s life expectancy. This means only Annuity Options 1, 2 and 5 are available. Distribution must begin within one year of the date of the Owner’s death.

Any portion of the death benefit not applied to Annuity Payments within one year of the date of the Owner’s death must be distributed within five years of the date of death.

If the Contract is owned by a non-individual, then we treat the death of any Annuitant as the death of an Owner for purposes of the Internal Revenue Code’s distribution at death rules, which are set forth in Section 72(s) of the Code.

In all events, notwithstanding any provision to the contrary in the Contract or this prospectus, the Contract is interpreted and administered in accordance with Section 72(s) of the Internal Revenue Code.

Other rules may apply to Qualified Contracts.

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11. SELECTION OF OPTIONAL BENEFITS

Check with your Financial Professional regarding availability of optional benefits. Each optional benefit carries an additional M&E charge or a rider charge. For more information, please see the Fee Tables and section 7, Expenses.

· Income Protector. This benefit provides guaranteed lifetime income (called Lifetime Plus Payments) that can begin from age 60 to age 90. We base payments on the Benefit Base. Income Protector allows access to both Contract Value and a death benefit for a period of time after payments begin as described in section 11.a, Income Protector.

NOTE:   Income Protector provides no payments before age 60. If you are required to annuitize your Contract as a result of current tax law, which may occur at age 95 or later, we provide an annuity option with payments at least equal to the Lifetime Plus Payments you are then receiving as described in section 9, The Annuity Phase – When Annuity Payments Begin.

· Investment Protector. This benefit provides a level of protection for your principal and any annual investment gains (Target Value) on a future date if you hold the Contract for the required period, as described in section 11.b, Investment Protector.

· Quarterly Value Death Benefit. This benefit locks in any quarterly investment gains to provide an increased death benefit as described in section 11.c, Quarterly Value Death Benefit.

· Bonus Option. This benefit provides a 6% bonus on Purchase Payments received before age 81 (subject to a three-year vesting schedule) and has a higher and longer withdrawal charge schedule as described in section 11.d, Bonus Option. Bonus annuity contracts generally have higher charges than contracts without a bonus and therefore, the charges may be greater than the bonus.

· Short Withdrawal Charge Option. This benefit shortens the Base Contract’s withdrawal charge period from seven to four years as described in section 11.e, Short Withdrawal Charge Option.

· No Withdrawal Charge Option. This benefit eliminates the Base Contract’s withdrawal charge as described in section 11.f, No Withdrawal Charge Option.

· Lifetime Benefits and Target Date Benefits. These benefits are no longer available. Please see Appendix D for information on Lifetime Benefits, and Appendix E for information on Target Date Benefits.

At issue you first select one of the following: Base Contract, Bonus Option, Short Withdrawal Charge Option or No Withdrawal Charge Option. You then choose whether to add the Quarterly Value Death Benefit to your Contract. After we issue the Contract, you cannot remove any of these optional benefits from your Contract. If you selected the No Withdrawal Charge Option or Quarterly Value Death Benefit, you must also have an Additional Required Benefit (Income Protector, Investment Protector, or one of the previously available Lifetime or Target Date Benefits).

You can select either Income Protector or Investment Protector on a Quarterly Anniversary during the Accumulation Phase (if available). You cannot have more than one of these benefits at the same time. You can select Income Protector before the older Covered Person reaches age 81. You can select Investment Protector before the older Owner reaches age 81 (or the Annuitant reaches age 81 if the Owner is a non-individual).

Once selected, you can remove Income Protector or Investment Protector subject to certain restrictions. If you selected the No Withdrawal Charge Option, you can only remove the Additional Required Benefit if we increase the rider charge (Income Protector or Investment Protector only), or if you can simultaneously replace your selected Additional Required Benefit as discussed next in this section. Removing an Additional Required Benefit because we increase the rider charge does not end the No Withdrawal Charge Option.

REPLACING OPTIONAL BENEFITS

You can replace a benefit one time as follows if you meet the age selection requirement and the new benefit is available.

· Before the Benefit Date, replace one of the previously available Lifetime Benefits with Investment Protector if your Contract did not previously include a Target Date Benefit.

· Replace one of the previously available Target Date Benefits with Income Protector if your Contract did not previously include a Lifetime Benefit.

· Replace Investment Protector with Income Protector if your Contract did not previously include a Lifetime Benefit.

· Replace Income Protector with Investment Protector if your Contract did not previously include a Target Date Benefit.

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If you replace one optional benefit with another we may require you to reallocate your Contract Value and change your future allocation instructions to comply with the replacement benefit’s Investment Option allocation and transfer restrictions.

These are the only replacements we allow. Replacements include both the simultaneous removal and addition of benefits on a Quarterly Anniversary, as well as removing one benefit on a Quarterly Anniversary and adding another benefit on a future Quarterly Anniversary. The guarantees of the new benefit may be more or less than the benefit you are replacing.

Primary Differences Between Income Protector and Investment Protector
	Income Protector	Investment Protector
What are the benefit features?	Lifetime income payments (Lifetime Plus Payments) with continued access to both Contract Value and a death benefit.	A future Contract Value guarantee (the Target Value).
On whom do we base the benefit?	The Covered Person(s), who must either be Owners, Annuitant or Beneficiaries.	The Owner (or Annuitant if Owner is a non-individual).
What are the current charges?	The current rider charge is 1.20% of the Benefit Base for single and joint Lifetime Plus Payments.	The current rider charge is 0.95% of the Target Value.
Can the rider charge increase?	Yes, on each Quarterly Anniversary up to 2.50% for single or 2.75% for joint, or we can decrease it to 0.50%. However, we cannot increase or decrease it more than 0.50% in any twelve-month period.	Yes, on each Quarterly Anniversary up to 2.50% or we can decrease it to 0.35%. However, we cannot increase or decrease it more than 0.35% in any twelve-month period.
Do we restrict additional Purchase Payments?	We only accept additional Purchase Payments before the Benefit Date. We also annually limit additional payments to all payments received in the first Contract quarter, without our prior approval.	We only accept additional Purchase Payments before the third rider anniversary. We also annually limit additional payments to all payments received in the first Contract quarter, without our prior approval.
Do we restrict allocations and transfers?	Yes, we restrict the number of Investment Options available to you, but not the amount you can allocate to any one Investment Option.	Yes, and the restrictions change over time and become more conservative.
Is there a waiting period to access the benefit?	No, if the younger Covered Person meets the current minimum exercise age of 60 when you select the benefit.	The earliest available initial Target Value Date is ten years after you select the benefit (the tenth rider anniversary).
Is there a mandatory beginning date?	No, but if you do not begin Lifetime Plus Payments during the eligibility period, Income Protector ends and you will not receive any payments.	Yes. The initial Target Value Date is when the Contract Value guarantee first takes effect. Subsequent dates occur every five years.
What are the guaranteed values?	The guaranteed value is Lifetime Plus Payments, which are a percentage of the Benefit Base. The Benefit Base is based on the greater of the highest quarterly Contract Value, or quarterly simple interest applied to Purchase Payments adjusted for withdrawals for a guaranteed number of years. Each quarter we reset the simple interest to equal the Contract Value, if greater.	The Target Value is the greater of a percentage of the highest Contract Anniversary value, or total Purchase Payments adjusted for withdrawals. It is guaranteed to be available on the last Business Day before each Target Value Date.

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11.a INCOME PROTECTOR

We designed Lifetime Plus Payments to last for the lifetime of the Covered Person(s). If you do not begin Lifetime Plus Payments before all Covered Persons die or are removed from the Contract, Income Protector ends and you will not receive any payments. In the case of non-spouse Joint Owners, if a Joint Owner dies before payments begin, this benefit ends and payments are not available to you even if the Covered Person is still alive. Lifetime Plus Payments are available once the younger Covered Person reaches age 60 and before the older Covered Person reaches age 91. You choose your payment frequency and amount subject to an annual maximum. Once established, the annual maximum Lifetime Plus Payment can increase, but it cannot decrease unless you take an Excess Withdrawal.

There are several important points to consider before selecting Income Protector.

· If you do not begin Lifetime Plus Payments during the eligibility period, the benefit ends and you will have paid for the benefit without receiving any of its advantages.

· Income Protector provides no payment until the younger Covered Person is at least age 60.

· This benefit is subject to a rider charge, as described in the Fee Tables and section 7, Expenses – Rider Charge.

· This benefit does not create Contract Value or guarantee Investment Option performance.

· If you have the No Withdrawal Charge Option, you can only remove Income Protector as discussed under “Removing Income Protector” below.

· If you select this benefit, we restrict your selection of Investment Options and rebalance your Contract Value quarterly. We also restrict additional Purchase Payments and Contract Value allocations and transfers. These restrictions support the benefit’s guarantees, and to the extent they limit your investment flexibility, they may limit the upside potential to your Contract Value and Benefit Base.

· If you take less than the annual maximum Lifetime Plus Payment, you will not receive an annual payment increase.

Please discuss Income Protector’s appropriateness with your Financial Professional and tax adviser.

SELECTING INCOME PROTECTOR

For Contracts issued on or after April 1, 2009, you can select Income Protector on any Quarterly Anniversary if available, during the Accumulation Phase once before the older Covered Person reaches age 81. Covered Person(s) are discussed in section 2, Ownership. Income Protector is not available for Contracts issued before April 1, 2009.

You can select Income Protector by completing the appropriate form. We add this benefit to your Contract on the Quarterly Anniversary (or on the next Business Day if the anniversary is not a Business Day) after we receive your request in Good Order at our Service Center, and the Rider Effective Date is that Quarterly Anniversary. For the request to be in Good Order, we must receive this form no earlier than 30 days before a Quarterly Anniversary, and no later than 4 p.m. Eastern Time on the last Business Day before the Quarterly Anniversary. If we receive your request outside this time period, we ask you to resubmit it for the next Quarterly Anniversary. Your Contract Value on the Rider Effective Date must be at least $10,000 (or $25,000 if you have the No Withdrawal Charge Option). You must reallocate your Contract Value and change your future allocation instructions to comply with the Investment Option allocation and transfer restrictions discussed later in this section before we add this benefit to your Contract.

NOTE:

· You cannot have Income Protector and Investment Protector at the same time. You can only have one of these benefits.

· For an Income Protector rider issued in Pennsylvania: If you change your mind about having Income Protector, you can return the rider within ten days after receiving it and we treat it as if it had never been issued.

REMOVING INCOME PROTECTOR

You can remove Income Protector from your Contract once while the Contract Value is positive. If you remove this benefit, it is not available for future selection. If you have the No Withdrawal Charge Option, you can only remove Income Protector if we increase the rider charge, or if you simultaneously replace it with Investment Protector. Removing Income Protector because we increase the rider charge does not end the No Withdrawal Charge Option.

You can remove Income Protector by completing the appropriate form. We remove this benefit from your Contract on the Quarterly Anniversary (or on the next Business Day if the anniversary is not a Business Day) that occurs immediately after we receive your request in Good Order at our Service Center, and the rider termination date is that Quarterly Anniversary.

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If we increase this benefit’s rider charge and you want to remove this benefit before the increase, we must receive this form within 30 days of the date of our letter notifying you of the rider charge increase. If we receive your form after this period, we increase your rider charge and ask you to resubmit the form for the next Quarterly Anniversary.

If you are removing this benefit for any other reason, your request is in Good Order if we receive this form no earlier than 30 days before a Quarterly Anniversary, and no later than 4 p.m. Eastern Time on the last Business Day before the Quarterly Anniversary. If we receive your request outside this time period, we ask you to resubmit it for the next Quarterly Anniversary.

If you allocated Contract Value to Investment Options that are only available under Income Protector, you must transfer your Contract Value out of these Investment Options and remove these Investment Options from your future Purchase Payment allocation instructions for your removal request to be in Good Order.

On the rider termination date Lifetime Plus Payments (if applicable) stop, we deduct the final rider charge, and the restrictions on additional Purchase Payments and Contract Value allocations and transfers no longer apply.

LIFETIME PLUS PAYMENT OVERVIEW

We base your initial Lifetime Plus Payment on the Benefit Base and payment percentage. When payments begin (Benefit Date), the Benefit Base is the greatest of:

· Contract Value as of the end of the last Business Day before the Benefit Date,

· highest Contract Value from any prior Quarterly Anniversary adjusted for subsequent withdrawals (Quarterly Anniversary Value), or

· quarterly simple interest applied to Purchase Payments adjusted for withdrawals for a guaranteed number of years. Each quarter we reset the simple interest value to equal the Contract Value, if greater (Annual Increase).

We determine your payment percentage by using the Annual Maximum Lifetime Plus Payment Table. We establish your Contract’s Annual Maximum Lifetime Plus Payment Table on the Rider Effective Date and we cannot reduce these payment percentages. The current Annual Maximum Lifetime Plus Payment Table is as follows:

Annual Maximum Lifetime Plus Payment Table
Age of the Covered Person for single Lifetime Plus Payments	Annual maximum Lifetime Plus Payment percentage	Age of the younger Covered Person for joint Lifetime Plus Payments	Annual maximum Lifetime Plus Payment percentage
60 – 64	4.0%	60 – 64	3.5%
65 – 79	4.5%	65 – 79	4.0%
80+	5.5%	80+	5.0%

The annual maximum Lifetime Plus Payment is the amount you are entitled to receive each year, but you can choose to take an actual payment that is a percentage of your annual maximum Lifetime Plus Payment. If you take less than 100% of your annual maximum Lifetime Plus Payment in a Benefit Year, you are not eligible for a potential payment increase in the next Benefit Year. Your annual maximum Lifetime Plus Payment may increase based on the Covered Person’s age and/or if the Contract Value increases. However, your annual maximum payment does not increase just as a result of the Covered Person moving into a new age band; the result of the current Contract Value multiplied by the increased payment percentage must be greater than your current annual maximum payment for your payment to increase. For more information, see “Automatic Annual Lifetime Plus Payment Increases.”

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BENEFIT BASE

The Benefit Base determines both your rider charge and your initial annual maximum Lifetime Plus Payment. The greater the Benefit Base, the greater the initial annual maximum Lifetime Plus Payment.

On the Rider Effective Date, and on each Business Day before the Benefit Date, the Benefit Base is equal to the greater of the Quarterly Anniversary Value or the Annual Increase. On the Benefit Date, we compare your Benefit Base to the Contract Value using the values determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses) and increase your Benefit Base to equal this Contract Value if it is greater.

On and after the Benefit Date, your Benefit Base only changes if you take an Excess Withdrawal, or we increase your annual maximum Lifetime Plus Payment. Changes in the Benefit Base also change your daily rider charge amount. Excess Withdrawals reduce your Benefit Base by the percentage of Contract Value withdrawn, determined at the end of the Business Day we process the withdrawal. An annual payment increase may increase or decrease your Benefit Base at the end of the last Business Day before a Benefit Anniversary as follows.

· If we increase your annual maximum Lifetime Plus Payment because the Contract Value increased, we increase your Benefit Base by the same percentage that we increased the payment.

· If we increase your annual maximum Lifetime Plus Payment because the current payment percentage multiplied by the current Contract Value results in a higher payment, we change your Benefit Base to equal this Contract Value. This change may increase or decrease your Benefit Base.

QUARTERLY ANNIVERSARY VALUE

While the benefit is in effect, we only calculate the Quarterly Anniversary Value before the Benefit Date.

If the Rider Effective Date is the Issue Date, the Quarterly Anniversary Value is initially equal to the Purchase Payment received on the Issue Date. If the Rider Effective Date occurs after the Issue Date, the Quarterly Anniversary Value is initially equal to the Contract Value determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses).

At the end of each Business Day, we adjust the Quarterly Anniversary Value as follows.

· We increase it by the amount of any additional Purchase Payments.

· We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

On each Quarterly Anniversary, we compare the Quarterly Anniversary Value to the Contract Value using the values determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses) and increase the Quarterly Anniversary Value to equal this Contract Value if it is greater.

ANNUAL INCREASE

While the benefit is in effect, we only calculate the Annual Increase before the Benefit Date.

On each Quarterly Anniversary during the guarantee years, we apply a simple interest increase of one-fourth of the annual increase percentage to the Purchase Payments adjusted for withdrawals (or the Contract Value on the Rider Effective Date, if applicable). Next, we compare this value to the Contract Value and increase it to equal the Contract Value if the Contract Value is greater (reset). We then apply any future simple interest increases to the reset value. Contract Value resets occur during the entire period we calculate the Annual Increase, not just during the guarantee years.

We establish your Contract’s number of guarantee years and annual increase percentage on the Rider Effective Date and we cannot change them. The guarantee years are the maximum number of years that you can receive simple interest increases under the Annual Increase. The current number of guarantee years is 30, the current annual increase percentage is 7% and the current quarterly simple interest increase is 1.75%.

If the Rider Effective Date is the Issue Date, the Quarterly Anniversary Value is initially equal to the Purchase Payment received on the Issue Date. If the Rider Effective Date occurs after the Issue Date, the Quarterly Anniversary Value is initially equal to the Contract Value determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses).

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At the end of each Business Day, we adjust both the Annual Increase and Increase Base as follows.

· We increase them by the amount of any additional Purchase Payments.

· We reduce them by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

On each Quarterly Anniversary on or before the maximum Rider Anniversary, the Annual Increase is equal to:

a + (b x (c – d))

Where:

a = The Annual Increase at the end of the prior Business Day;

b = The annual increase percentage we set on the Rider Effective Date divided by four (which is currently 1.75% as stated above);

c = The Increase Base at the end of the prior Business Day; and

d = Purchase Payments* received on or after the prior Quarterly Anniversary. If you select this benefit at issue, we exclude from “d” any Purchase Payments received before the first Quarterly Anniversary.

* We reduce each Purchase Payment by the percentage of any Contract Value withdrawn, determined at the end of each Business Day.

The maximum Rider Anniversary is the Quarterly Anniversary that occurs on the number of guarantee years after the Rider Effective Date. For example, if the Issue Date is June 1, 2009, the Rider Effective Date is September 1, 2009, and the number of guarantee years is 30 years, then the maximum Rider Anniversary is September 1, 2039.

We then compare this Annual Increase to the Contract Value determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses) and increase both the Annual Increase and the Increase Base to equal this Contract Value if it is greater. As previously stated, these resets can occur during the entire period we calculate the Annual Increase.

NOTE: For Contracts with the Bonus Option, unvested bonus amounts are not included in the Quarterly Anniversary Value, Annual Increase, Increase Base or the Contract Value.

REQUESTING LIFETIME PLUS PAYMENTS

You request Lifetime Plus Payments by completing a payment election form. Lifetime Plus Payments begin on the Benefit Date, which must be either the 1st or 15th of a calendar month. Your Benefit Date is the next available date that occurs at least 15 calendar days after we receive your request in Good Order at our Service Center. At least one Covered Person must be alive on the Benefit Date in order for Lifetime Plus Payments to begin. You cannot submit this form until the younger Covered Person reaches the minimum exercise age, or once the older Covered Person reaches age 91. We establish your Contract’s minimum exercise age on the Rider Effective Date and we cannot increase it. The current minimum exercise age is age 60.

If your Contract Value reduces to zero for any reason other than a withdrawal, or Partial or Full Annuitization while this benefit is in effect and before the Benefit Date, we calculate your annual maximum Lifetime Plus Payment and begin making annual payments to you on the next available Benefit Date. If the Benefit Date has not occurred six months before the older Covered Person reaches age 91, we send you written notice that the benefit is about to end. If the benefit ends before Lifetime Plus Payments begin, you will have paid for the benefit without receiving any of its advantages.

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Once Lifetime Plus Payments begin:

· You cannot take new Partial Annuitizations.

· You cannot make additional Purchase Payments, therefore the Traditional Death Benefit Value (if applicable) no longer increases.

· Any active automatic investment plan and/or systematic withdrawal or dollar cost averaging programs end.

· The free withdrawal privilege is not available.

· You can only remove Income Protector while the Contract Value is positive. If you remove this benefit, the restrictions listed above do not apply on or after the rider termination date.

· You can only change the Owner if you selected joint Lifetime Plus Payments and:

– an Owner dies and the spouse continues the Contract, or

– you remove a joint Covered Person who is also a Joint Owner from the Contract. In this case, the remaining Covered Person must become the new sole Owner.

· The rider charge continues until the benefit ends, or the Business Day the Contract Value reduces to zero.

· If you have the Quarterly Value Death Benefit, its additional M&E charge continues until that benefit ends.

· If you take a Full Annuitization, Lifetime Plus Payments stop and Income Protector ends.

· The Contract Value continues to fluctuate as a result of Investment Option performance. It decreases on a dollar for dollar basis with each Lifetime Plus Payment, Excess Withdrawal, and any Contract charges we deduct.

· Lifetime Plus Payments do not reduce your Benefit Base, but Excess Withdrawals reduce your Benefit Base and annual maximum Lifetime Plus Payment by the percentage of Contract Value withdrawn (including any withdrawal charge). If you take an Excess Withdrawal of your total Contract Value, Lifetime Plus Payments stop and Income Protector ends.

· Each Lifetime Plus Payment and any Excess Withdrawal reduces the Traditional Death Benefit Value (or the Quarterly Anniversary Value under the Quarterly Value Death Benefit, if applicable) by the percentage of Contract Value withdrawn (including any withdrawal charge).

· Any part of your annual maximum Lifetime Plus Payment that you do not withdraw in a given Benefit Year remains in your Contract for the remainder of that year, but is not added to the annual maximum payment available next year.

· We may increase your annual maximum Lifetime Plus Payment on every Benefit Anniversary before the older Covered Person reaches age 91. If you receive a payment increase, we may also change your Benefit Base.

NOTE: If the older Covered Person is age 80 on the Rider Effective Date, we extend the latest available Benefit Date by 30 calendar days in order to allow you to receive the maximum benefit from the Annual Increase.

CALCULATING YOUR LIFETIME PLUS PAYMENTS

The annual maximum Lifetime Plus Payment is the amount you are entitled to receive each Benefit Year. On the Benefit Date, the initial annual maximum Lifetime Plus Payment is equal to the Benefit Base multiplied by the current payment percentage, determined by using the Annual Maximum Lifetime Plus Payment Table (see “Lifetime Plus Payment Overview”). On the Benefit Date, if your initial annual maximum Lifetime Plus Payment is less than $100, the benefit ends and you will have paid for the benefit without receiving any of its advantages.

You can receive Lifetime Plus Payments semi-monthly, monthly, quarterly, semi-annually, or annually. If the scheduled payment date does not fall on a Business Day, we make the payment on the next Business Day.

You can change your payment frequency once each Benefit Year while your Contract Value is positive. A Benefit Year is a period of twelve months beginning on the Benefit Date or any subsequent Benefit Anniversary. Once your Contract Value reduces to zero, you receive your maximum Lifetime Plus Payment at the previous selected payment frequency. You must provide notice of any requested payment frequency change to our Service Center at least 30 days before the Benefit Anniversary. If the change is available, we implement it on the Benefit Anniversary and it remains in effect until the benefit ends or you request another change. We do not accept payment frequency changes that would cause us to make payments of $0.01 to $99.99.

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The annual maximum Lifetime Plus Payment is the amount you are entitled to, but you can choose to take less. The annual actual Lifetime Plus Payment is the total amount you choose to receive each year. Any part of your annual maximum payment that you do not withdraw in a given Benefit Year is not added to the annual maximum payment available next year. Each Lifetime Plus Payment you receive is equal to the annual actual Lifetime Plus Payment divided by the number of payments you chose to receive during the Benefit Year. Each actual Lifetime Plus Payment must either be zero, or $100 or more. For example, you cannot request an annual payment of $50.

We deduct each Lifetime Plus Payment, Excess Withdrawal, and any additional payment resulting from a required minimum distribution, proportionately from the Investment Options. We continue to rebalance the Contract Value quarterly among the Investment Options according to your future Purchase Payment allocation instructions while this benefit is in effect. You can also continue to make transfers between the Investment Options while your benefit is in effect, subject to the restrictions set out in section 5, Investment Options – Transfers Between Investment Options, and the “Investment Option Allocation and Transfer Restrictions” discussion later in this section.

If your Contract Value reduces to zero for any reason other than an Excess Withdrawal or Full Annuitization, then Lifetime Plus Payments continue until the deaths of all Covered Persons.

Excess Withdrawals

Your annual maximum Lifetime Plus Payment only decreases if you take an Excess Withdrawal. An Excess Withdrawal is a withdrawal you take while you are receiving Lifetime Plus Payments, that when added to any other withdrawals taken during the Benefit Year and your annual actual payment, is greater than your current annual maximum payment. If your actual Lifetime Plus Payment is less than your annual maximum payment, you can withdraw the difference and we consider that withdrawal to be an additional actual Lifetime Plus Payment, and not an Excess Withdrawal. Excess Withdrawals include any applicable withdrawal charge, but do not include amounts we withdraw for other Contract charges.

For example, assume your annual maximum Lifetime Plus Payment is $2,000 and you take an annual actual Lifetime Plus Payment of $1,000. Within a Benefit Year, you can take an additional withdrawal of up to $1,000 and we consider that to be an additional actual Lifetime Plus Payment. If you withdraw $1,200, we consider the first $1,000 to be an additional actual Lifetime Plus Payment and the next $200 to be an Excess Withdrawal.

Any partial Excess Withdrawal must comply with the restrictions in section 8, Access to Your Money and the following provisions. If your Contract Value is less than $2,000, you can only withdraw the total remaining Contract Value (less any rider charge). Also, if at the end of the Business Day that we process your Excess Withdrawal your Contract Value is less than $2,000, you must withdraw the total remaining Contract Value (less any rider charge). If you take an Excess Withdrawal of the total remaining Contract Value your entire Contract ends.

Excess Withdrawals reduce your annual maximum Lifetime Plus Payment on the next Benefit Anniversary after the withdrawal. For each Excess Withdrawal, we reduce your annual maximum payment by the same percentage that we reduced the Benefit Base. If partial Excess Withdrawals reduce your annual maximum Lifetime Plus Payment to less than $100, we send you the total remaining Contract Value (less any rider charge) and your Contract ends.

NOTE:

· For Qualified Contracts, if we calculate a required minimum distribution (RMD) based on this Contract, after making all Lifetime Plus Payments for the calendar year, we determine whether this calendar year’s total RMD has been satisfied by these payments and any Excess Withdrawals. If the RMD amount has not been satisfied, we send you this remaining amount as one RMD payment by the end of the calendar year. We consider this payment to be a withdrawal, but it is not an Excess Withdrawal and it is not subject to a withdrawal charge.

· For required annuitization, if on the maximum permitted Income Date you are receiving Lifetime Plus Payments, we guarantee to pay you the greater of your maximum Lifetime Plus Payment or fixed Annuity Payments based on the Contract Value under Annuity Option 1 or Annuity Option 3. If you select any other Annuity Option, or if you choose variable Annuity Payments, this guarantee does not apply. For more information, see section 9, The Annuity Phase.

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AUTOMATIC ANNUAL LIFETIME PLUS PAYMENT INCREASES

We may change your annual maximum Lifetime Plus Payment on each Benefit Anniversary before the older Covered Person reaches age 91 as follows.

· If you took your annual maximum Lifetime Plus Payment during the last Benefit Year, we increase next year’s annual maximum payment if the Contract Value determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses) is greater than the Contract Value from one year ago (which is the end of the last Business Day before the prior Benefit Anniversary, or the Benefit Date if this is the first Benefit Anniversary). This increase is equal to the percentage of growth between these two Contract Values. For example, if the Contract Value increased by 5%, we also increase your annual maximum Lifetime Plus Payment by 5%.

· If the current payment percentage multiplied by the Contract Value at the end of the prior Business Day results in a higher annual maximum Lifetime Plus Payment.

NOTE: Automatic annual Lifetime Plus Payment increases are not available once the older Covered Person reaches age 91, or on or after the Business Day your Contract Value reduces to zero.

TAXATION OF LIFETIME PLUS PAYMENTS

We treat Lifetime Plus Payments as withdrawals for tax purposes as discussed in section 12, Taxes – Taxation of Lifetime Payments.

INVESTMENT OPTION ALLOCATION AND TRANSFER RESTRICTIONS AND QUARTERLY REBALANCING

Under Income Protector, we restrict your Investment Option selection. By selecting this benefit, you agree to allow us to rebalance your Contract Value quarterly, as described here. We put these restrictions in place to support Income Protector’s guarantees. To the extent these restrictions limit your investment flexibility, they may limit the upside potential to your Investment Option returns, which may limit your Contract Value and Benefit Base.

If you select Income Protector, we currently require you to allocate your Contract Value to the Investment Options listed below.

Income Protector available Investment Options
AZL Money Market Fund AZL MVP Balanced Index Strategy Fund AZL MVP BlackRock Global Allocation Fund AZL MVP Franklin Templeton Founding Strategy Plus Fund AZL MVP Fusion Balanced Fund AZL MVP Fusion Moderate Fund AZL MVP Growth Index Strategy Fund AZL MVP Invesco Equity and Income Fund Franklin Income Securities Fund	Franklin U.S. Government Fund PIMCO VIT All Asset Portfolio PIMCO VIT Global Advantage Strategy Bond Portfolio PIMCO VIT Global Multi-Asset Managed Volatility Portfolio PIMCO VIT High Yield Portfolio PIMCO VIT Real Return Portfolio PIMCO VIT Total Return Portfolio PIMCO VIT Unconstrained Bond Portfolio Templeton Global Bond Securities Fund

We may add, remove or substitute Investment Options from this list. We secure all necessary SEC and other governmental approvals before removing or substituting an Investment Option. We send you written notice regarding additions, removals or substitutions. When an Investment Option within this list is removed or substituted, we send you written notice 30 days before the removal or substitution date.

While your benefit is in effect and your Contract Value is positive, we rebalance your Contract Value quarterly according to your future Purchase Payment allocation instructions if they comply with the restrictions stated here. The rebalancing occurs at the end of the last Business Day before each Quarterly Anniversary. Your Investment Options’ performance may cause your chosen allocations to shift. Quarterly rebalancing helps you maintain your selected allocation mix. There are no fees for the quarterly rebalancing transfers we make, and we do not count them against the free transfers we allow. To change this quarterly rebalancing, you must change your future Purchase Payment allocation instructions. Any requested change to these instructions must comply with the restrictions stated here or we reject your change.

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WHEN INCOME PROTECTOR ENDS

Before the Benefit Date, Income Protector ends on the earliest of the following.

· The Business Day we process your request to remove this benefit from your Contract (the rider termination date).

· For non-spouse Joint Owners selecting single Lifetime Plus Payments, the date of death of the first Joint Owner. This means Income Protector ends even if the sole Covered Person is still alive.

· The last surviving Covered Person’s date of death. If joint Covered Persons were not federally recognized spouses as of the date of the first Covered Person’s death, spousal continuation of the Contract is not available and Income Protector ends as of this date of death.

· The older Covered Person’s 91st birthday.

· For riders issued in all states except California, the Business Day all Covered Persons no longer have the required relationship (Owner, Annuitant or sole Beneficiary) as stated in section 2, Ownership, Annuitants, Covered Persons, and Payees.

· The Business Day before the Income Date you take a Full Annuitization.

· The Business Day we process your request for a full withdrawal.

· When the Contract ends.

On and after the Benefit Date, Income Protector ends on the earliest of the following.

· The rider termination date we process your request to remove this benefit from your Contract (only available while your Contract Value is positive).

· The Business Day you take an Excess Withdrawal of the total Contract Value.

· The Business Day before the Income Date that you take a Full Annuitization.

· On the Benefit Date if the initial annual maximum Lifetime Plus Payment is less than $100.

· The Benefit Anniversary that your annual maximum Lifetime Plus Payment is less than $100 due to an Excess Withdrawal.

· For riders issued in all states except California, the Business Day all Covered Persons no longer have the required relationship (Owner, Annuitant or sole Beneficiary) as stated in section 2, Ownership, Annuitants, Covered Persons, and Payees.

· For solely owned or non-individually owned Contracts with single Lifetime Plus Payments, the date of death of the Covered Person.

· For Joint Owners with single Lifetime Plus Payments, if the Contract Value has been reduced to zero, the date of death of the Covered Person.

· For non-spouse Joint Owners with single Lifetime Plus Payments, if the Contract Value has not been reduced to zero, the date of death of the first Joint Owner. This means Income Protector ends even if the sole Covered Person is still alive.

· For spouse Joint Owners with single Lifetime Plus Payments, if the Contract Value has not been reduced to zero, the date of death of any Joint Owner unless the surviving spouse is the Covered Person and continues the Contract. If the surviving spouse who is also the Covered Person continues the Contract, this benefit ends on the date of death of the Covered Person.

· For joint Lifetime Plus Payments, the date of death of the last surviving Covered Person. However, if a Covered Person dies and the surviving spouse who is also a Covered Person elects to receive the death benefit instead of continuing the Contract, then Lifetime Plus Payments and this benefit end as of the end of the Business Day during which we receive in Good Order at the Service Center, both due proof of death and an election of the death benefit payment option. If joint Covered Persons were not federally recognized spouses as of the date of the first Covered Person’s death, spousal continuation of the Contract is not available and Income Protector ends as of this date of death.

· When the Contract ends.

NOTE FOR RIDERS ISSUED IN CALIFORNIA:An assignment or change of ownership does not change the Covered Person(s). After an assignment or change of ownership, if a Covered Person who was previously an Owner or Annuitant no longer has that position, Income Protector ends on the earlier of the date of death of an individual Owner (or Annuitant if the Owner is a non-individual), or last surviving Covered Person. Upon the death of an individual Owner (or Annuitant if the Owner is a non-individual), if the deceased’s spouse is a sole Beneficiary and continues the Contract, Income Protector ends on the earlier of the date of death of the surviving spouse or last surviving Covered Person. If a surviving spouse instead elects to receive payment of the death benefit, Income Protector ends on the Business Day we receive in Good Order at the Service Center both due proof of death and an election of the death benefit payment option.This means that Lifetime Plus Payments may end even if a Covered Person is still alive.

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11.b INVESTMENT PROTECTOR

Investment Protector provides, during the Accumulation Phase, a level of protection for your principal and any annual investment gains through the Target Value which is available at a future point you select, called the Target Value Date. The earliest initial Target Value Date you can select is the tenth Rider Anniversary and subsequent Target Value Dates occur on every subsequent fifth Rider Anniversary. The Target Value is only guaranteed to be available to you on the last Business Day before each Target Value Date. Beginning on the next Business Day, your Contract Value fluctuates based on your selected Investment Options’ performance, and this is the value available to you upon withdrawal.

There are several important points to consider before selecting Investment Protector.

· This benefit is subject to a rider charge, as described in the Fee Tables and section 7, Expenses – Rider Charge.

· This benefit does not guarantee Investment Option performance.

· If you select the No Withdrawal Charge Option, you can only remove Investment Protector as discussed under “Removing Investment Protector” below.

· If you select this benefit, we restrict your selection of Investment Options and rebalance your Contract Value quarterly. We also restrict additional Purchase Payment and Contract Value allocations and transfers. These restrictions support the benefit’s guarantees, and to the extent they limit your investment flexibility, they may limit the upside potential to your Contract Value and Target Value.

· The Target Value does not lock in any Contract Value gains that occur between Rider Anniversaries.

· The Target Value does not provide any guarantee to your Contract Value before the initial Target Value Date, or during the period between Target Value Dates.

Please discuss Investment Protector’s appropriateness with your Financial Professional.

SELECTING INVESTMENT PROTECTOR

For Contracts issued on or after April 1, 2009, you can select Investment Protector at issue or, if available, on any Quarterly Anniversary during the Accumulation Phase once before the older Owner reaches age 81 (or the Annuitant reaches age 81 if the Owner is a non-individual). Investment Protector is not available for Contracts issued before April 1, 2009.

You can select Investment Protector after the Issue Date by completing the appropriate form. We add this benefit to your Contract on the Quarterly Anniversary (or on the next Business Day if the anniversary is not a Business Day) after we receive your request in Good Order at our Service Center, and the Rider Effective Date is that Quarterly Anniversary. For the request to be in Good Order, we must receive this form no earlier than 30 days before a Quarterly Anniversary, and no later than 4 p.m. Eastern Time on the last Business Day before the Quarterly Anniversary. If we receive your request outside this time period, we ask you to resubmit it for the next Quarterly Anniversary. Your Contract Value on the Rider Effective Date must be at least $10,000 (or $25,000 if you have the No Withdrawal Charge Option). You must reallocate your Contract Value and change your future allocation instructions to comply with the Investment Option allocation and transfer restrictions discussed later in this section before we add this benefit to your Contract.

NOTE:

· You cannot have Investment Protector and Income Protector at the same time. You can only have one of these benefits.

· For Contracts issued in Massachusetts: Investment Protector is not available.

· For an Investment Protector rider issued in Pennsylvania: If you change your mind about having Investment Protector, you can return the rider within ten days after receiving it and we treat it as if it had never been issued.

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REMOVING INVESTMENT PROTECTOR

You can remove Investment Protector from your Contract once while the Contract Value is positive. If you remove this benefit, it is not available for future selection. If you select the No Withdrawal Charge Option, you can only remove Investment Protector if we increase the rider charge, or if you simultaneously replace it with Income Protector. Removing Investment Protector because we increase the rider charge does not end the No Withdrawal Charge Option.

You can remove Investment Protector by completing the appropriate form. We remove this benefit from your Contract on the Quarterly Anniversary (or on the next Business Day if the anniversary is not a Business Day) that occurs immediately after we receive your request in Good Order at our Service Center, and the rider termination date is that Quarterly Anniversary.

If we increase this benefit’s rider charge and you want to remove this benefit before the increase, we must receive this form within 30 days of the date of our letter notifying you of the rider charge increase. If we receive your form after this period, we increase your rider charge and ask you to resubmit the form for the next Quarterly Anniversary.

If you are removing this benefit for any other reason, your request is in Good Order if we receive this form no earlier than 30 days before a Quarterly Anniversary, and no later than 4 p.m. Eastern Time on the last Business Day before the Quarterly Anniversary. If we receive your request outside this time period, we ask you to resubmit it for the next Quarterly Anniversary.

On the rider termination date we deduct the final rider charge, and the restrictions on additional Purchase Payments and Contract Value allocations and transfers no longer apply.

TARGET VALUE DATES

Investment Protector guarantees that on each Target Value Date until the benefit ends, your Contract Value cannot be less than the Target Value (described next in this section). You select the initial Target Value Date when you select this benefit. The earliest available initial Target Value Date is the tenth Rider Anniversary, and the latest date is the Rider Anniversary before the older Owner reaches age 91 (or the Annuitant reaches age 91 if the Owner is a non-individual). Subsequent Target Value Dates occur on every fifth Rider Anniversary after the initial Target Value Date while this benefit is in effect.

For example, you purchase a Contract as the sole Owner on September 1, 2009 and you are age 70. You select Investment Protector on the first Quarterly Anniversary, December 1, 2009 and you are still age 70. The earliest available initial Target Value Date is December 1, 2019 and the latest date is December 1, 2029. If you select the earliest available initial date (December 1, 2019), subsequent Target Value Dates would occur on December 1st in 2024, 2029, 2034, etc.

If your Contract Value is less than the Target Value at the end of the last Business Day before each Target Value Date (or on the next Business Day if this date is not a Business Day), we credit your Contract Value with the difference. This credit is available for immediate withdrawal, subject to any applicable withdrawal charge and penalty tax. This is the only day the Target Value is guaranteed to be available to you. Beginning on the next Business Day, your Contract Value fluctuates based on your selected Investment Options’ performance, and this is the value available to you upon withdrawal. We notify you in writing at least 30 days in advance of your initial Target Value Date to allow you to decide if you want to take a withdrawal and/or continue your Contract until the next Target Value Date. We allocate this credit to your selected Investment Options based on the percentage of Contract Value in each Investment Option on the date of the credit. We apply the credit to your Contract after we do any quarterly Contract Value rebalancing. For tax purposes, we treat the credit as earnings under the Contract. However, if the Contract Value at the time of a credit is less than net Purchase Payments (total Purchase Payments less any payments withdrawn) then we may treat some or all of the credit as a Purchase Payment when applying the withdrawal charge if you withdraw the total Contract Value. This is similar to when the Contract Value is less than net Purchase Payments, but the Contract Value then experiences a gain immediately before you take a complete withdrawal (see section 7, Expenses – Withdrawal Charge).

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Initial Target Value Date Resets

After the Rider Effective Date, you can reset the initial Target Value Date before the older Owner reaches age 81 (or the Annuitant reaches age 81 if the Owner is a non-individual). Resets are only available if your Contract Value is at least equal to the Target Value using the values determined at the end of the last Business Day before the Rider Anniversary that we process your reset request. The earliest new initial Target Value Date is ten Rider Anniversaries after we process your request, and the latest available date is the Rider Anniversary before the older Owner reaches age 91 (or the Annuitant reaches age 91 if the Owner is a non-individual). You request a reset by completing the appropriate form. We process your request as of the immediately preceding Rider Anniversary (or on the next Business Day if the anniversary is not a Business Day) once we receive your request in Good Order at our Service Center. For the request to be in Good Order, we must receive this form within 30 days after a Rider Anniversary. If we receive your request outside this time period, we reject your request. The reset date is the Rider Anniversary that we process your request.

Initial Target Value Date resets may change the maximum amount you can allocate to your selected Investment Options, but a reset does not automatically change your allocations. To change your allocations on a reset, you must also change your future Purchase Payments allocation instructions and they must comply with the current maximum allowable allocations.

TARGET VALUE

The Target Value determines both your rider charge and if you receive a Contract Value credit on each Target Value Date. We only calculate the Target Value while the benefit is in effect.

On each Business Day, the Target Value is equal to the greater of the result of the Rider Anniversary Value multiplied by the current guarantee percentage of 100% or one of the following. We establish your Contract’s guarantee percentage on the Rider Effective Date and we cannot change it.

· If you select the benefit at issue, total Purchase Payments reduced by the percentage of Contract Value withdrawn, determined at the end of the Business Day we process each withdrawal.

· If you select the benefit after issue, the Contract Value determined at the end of the last Business Day (after the deduction of all Contract fees and expenses) before the Rider Effective Date, plus all Purchase Payments received on or after the Rider Effective Date, and reduced by the percentage of Contract Value withdrawn determined at the end of the Business Day we process each withdrawal taken on or after the Rider Effective Date.

· If you reset the initial Target Value Date, the Contract Value determined at the end of the last Business Day (after the deduction of all Contract fees and expenses) before the reset date, plus all Purchase Payments received on or after the reset date, and reduced by the percentage of Contract Value withdrawn determined at the end of the Business Day we process each withdrawal taken on or after the reset date.

Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

The Rider Anniversary Value is initially equal to the Contract Value determined at the end of the last Business Day before Rider Effective Date (after the deduction of all Contract fees and expenses).

At the end of each Business Day, we adjust the Rider Anniversary Value as follows.

· We increase it by the amount of any additional Purchase Payments.

· We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

On each Rider Anniversary, we compare the Rider Anniversary Value to the Contract Value using the values determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses) and increase the Rider Anniversary Value to equal this Contract Value if it is greater.

NOTE: For Contracts with the Bonus Option, unvested bonus amounts are not included in the Target Value or the Contract Value.

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INVESTMENT OPTION ALLOCATION AND TRANSFER RESTRICTIONS AND QUARTERLY REBALANCING

Under Investment Protector, we restrict your Investment Option selection as discussed in this section. By selecting this benefit, you agree to allow us to rebalance your Contract Value quarterly, as described here. We put these restrictions in place to support Investment Protector’s guarantees. The maximum amount of Contract Value allowed in the Equity Investment Option group decreases as the number of years until your initial Target Value Date declines, and if negative Investment Option performance reduces the Contract Value in comparison to the Target Value. To the extent these restrictions limit your investment flexibility, they may limit the upside potential to your Investment Option returns, which may limit your Contract Value and Target Value.

If you select Investment Protector, we establish your Contract’s Investment Option allocation and transfer restrictions on the Rider Effective Date and we cannot change them. We may add, remove or substitute Investment Options from the groups discussed in this section. We secure all necessary SEC and other governmental approvals before removing or substituting an Investment Option. We may also move Investment Options from the Equity group to the Fixed Income group, but we cannot move Investment Options the other way. We send you written notice regarding additions, removals or substitutions. When an Investment Option in one of these groups is removed or substituted, we send you written notice 30 days before the removal or substitution date.

These are the current Investment Option groups.

TABLE 1: Investment Protector Investment Option Groups
Equity Group
AZL Balanced Index Strategy Fund AZL BlackRock Capital Appreciation Fund AZL Columbia Mid Cap Value Fund AZL Davis New York Venture Fund AZL Dreyfus Research Growth Fund AZL Eaton Vance Large Cap Value Fund AZL Franklin Templeton Founding Strategy Plus Fund AZL Fusion Balanced Fund AZL Fusion Conservative Fund AZL Fusion Growth Fund AZL Fusion Moderate Fund AZL Gateway Fund AZL Growth Index Strategy Fund AZL International Index Fund AZL Invesco Equity and Income Fund AZL Invesco Growth and Income Fund	AZL Invesco International Equity Fund AZL JPMorgan International Opportunities Fund AZL JPMorgan U.S. Equity Fund AZL MFS Investors Trust Fund AZL Mid Cap Index Fund AZL Morgan Stanley Mid Cap Growth Fund AZL S&P 500 Index Fund BlackRock Global Allocation V.I. Fund Fidelity VIP FundsManager 50% Portfolio Fidelity VIP FundsManager 60% Portfolio Franklin Income Securities Fund Mutual Shares Securities Fund PIMCO EqS Pathfinder Portfolio PIMCO VIT All Asset Portfolio PIMCO VIT Global Multi-Asset Portfolio Templeton Growth Securities Fund
Fixed Income Group
AZL Money Market Fund Franklin U.S. Government Fund PIMCO VIT Global Advantage Strategy Bond Portfolio PIMCO VIT High Yield Portfolio	PIMCO VIT Real Return Portfolio PIMCO VIT Total Return Portfolio PIMCO VIT Uncontstrained Bond Portfolio Templeton Global Bond Securities Fund

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On the Rider Effective Date and subsequent Quarterly Anniversaries, Table 2 determines the maximum Contract Value you can allocate to Investment Options in the Equity group based on the number of Rider Years* until the initial Target Value Date and the comparison of Contract Value (CV) to Target Value (TV). We then subtract the Table 2 value from 100% to determine the minimum Contract Value required in the Fixed Income group. For example, on the Rider Effective Date if your initial Target Value Date is the 12th Rider Anniversary, you can allocate up to 70% of your Contract Value to Investment Options in the Equity group and you must have at least 30% in the Fixed Income group.

TABLE 2 : Investment Protector
Number of Rider Years* to the Initial Target Value Date	CV = 94%+ of TV	CV = 88% to < 94% of TV	CV = 82% to < 88% of TV	CV = 76% to < 82% of TV	CV = 70% to < 76% of TV	CV = 64% to < 70% of TV	CV = 58% to < 64% of TV	CV = 52% to < 58% of TV	CV = 46% to < 52% of TV	CV = 40% to < 46% of TV	CV = 34% to < 40% of TV	CV = 28% to < 34% of TV	CV = 22% to < 28% of TV	CV = 16% to < 22% of TV	CV = 10% to < 16% of TV	CV = 4% to < 10% of TV	CV < 4% of TV
33+	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%
32	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%
31	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%
30	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%
29	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%
28	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%
27	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%
26	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%
25	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%
24	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%
23	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%
22	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%
21	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%
20	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%
19	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%
18	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%
17	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%
16	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%
15	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%
14	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%
13	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%
12	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%
11	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%
10	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%
9	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%
8	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%
7	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
6	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
5	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
4	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
3	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
2	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
1	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
Initial Target Value Date and beyond	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

* We round the number of years until the initial Target Value Date up to the next whole number. For example, when you are seven Rider Years and four months away from your initial Target Value Date, in this table you are eight Rider Years from the initial Target Value Date.

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You can only make Investment Option transfers if they comply with these restrictions. Transfers do not change your future Purchase Payment allocation instructions or how we rebalance your Contract Value each quarter. To change this quarterly rebalancing, you must change your future allocation instructions. Any requested change to these instructions must comply with the restrictions stated here or we reject your change.

We automatically rebalance your Contract Value quarterly until this benefit ends. The rebalancing occurs at the end of the last Business Day before each Quarterly Anniversary. There are no fees for the quarterly rebalancing transfers we make, and we do not count them against the free transfers we allow. This rebalancing applies to your selected Investment Options in both the Equity and Fixed Income groups. If you are participating in the DCA program, quarterly rebalancing transfers do not apply to the Contract Value you apply to the AZL Money Market Fund under that program.

If your future allocation instructions allocate 10% or less to the Investment Options in the Equity group, we rebalance according to your future allocation instructions. Otherwise, we determine your required Investment Option allocations at the end of the last Business Day before each Quarterly Anniversary as follows.

1. We determine the new maximum allowed allocation for the Equity group. It is the lesser of the maximum allowed allocation from the prior Quarterly Anniversary, or as set out in Table 2 (which appears earlier in this section).

2. If your current future allocation instructions comply with this new maximum allowed allocation for the Equity group, there is no change to your future allocation instructions and we rebalance your Contract Value according to these instructions.

3. If your current future allocation instructions are greater than the new maximum allowed allocation for the Equity group we decrease the required allocation for the Equity group to this new lower amount. We then subtract this new percentage from 100% to determine the new required minimum allocation for the Fixed Income group. Lastly we rebalance your Investment Options’ Contract Value using the formula: a x (b / c) where:

a = The new required group allocation for the current Quarterly Anniversary.

b = The required allocation for each Investment Option at the end of the prior Business Day.

c = The required group allocation at the end of the prior Business Day.

We round your required allocation to the nearest whole percentage. The current required Investment Option allocations then become your future Purchase Payment allocation instructions. These allocation instructions remain in place until the earlier of the next Quarterly Anniversary, or the Business Day we process any new future Purchase Payment allocation instructions.

NOTE:

· For Contracts with the Bonus Option, we rebalance the Bonus Value using the same percentages we use to rebalance your Contract Value.

· In any twelve-month period, we cannot reduce the maximum allowed Contract Value allocation in the Equity group by more than 15%.

· Unless the maximum allowed allocation for the Equity group changes, the minimum required allocation for the Fixed Income group does not change.

· We may move all of your Contract Value out of one or more of your selected Investment Options. However, we send you a transaction confirmation each time we move Contract Value between Investment Options.

· Unless you reset the initial Target Value Date, the maximum allowed in the Equity group never increases.

· The maximum allowed allocation to the Equity group reduces with negative Investment Option performance and as the time until the initial Target Value Date decreases.If you allocate less than the maximum allowed to the Equity group, you may be subject to fewer Investment Option reallocations resulting from negative Investment Option performance.

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WHEN INVESTMENT PROTECTOR ENDS

Investment Protector ends upon the earliest of the following.

· The Business Day we process your request to remove this benefit from your Contract (the rider termination date).

· The date of death of any Owner (or Annuitant, if the Contract is owned by a non-individual), unless the surviving spouse elects to continue the Contract. However, if an Owner (or Annuitant, if the Contract is owned by a non-individual) dies and the surviving spouse elects to receive payout of the death benefit, then this benefit ends as of the end of the Business Day during which we receive in Good Order at the Service Center, both due proof of death and an election of the death benefit payment option.

· The Business Day before the Income Date that you take a Full Annuitization.

· The Business Day we process your request for a full withdrawal.

· When the Contract ends.

11.c QUARTERLY VALUE DEATH BENEFIT

We designed the Quarterly Value Death Benefit to lock in any quarterly investment gains to provide an increased death benefit for Beneficiaries. You cannot remove this benefit from your Contract. The Quarterly Value Death Benefit carries an additional M&E charge as described in the Fee Tables and section 7, Expenses – Mortality and Expense Risk (M&E) Charge.

We determine the Quarterly Value Death Benefit as of the end of the Business Day during which we receive in Good Order at our Service Center the death benefit payment option and due proof of death*. It is the greater of the Contract Value (after deduction of the final rider charge, if applicable), or the Quarterly Anniversary Value.

* Please see section 10, Death Benefit for details on what we consider to be due proof of death.

For multiple Beneficiaries, we determine the Quarterly Anniversary Value for each surviving Beneficiary’s portion of the death benefit at the time we first receive in Good Order at our Service Center the death benefit payment option and due proof of death. We determine the Contract Value for each surviving Beneficiary’s portion of the death benefit as of the end of the Business Day during which we receive in Good Order at our Service Center his or her selected death benefit payment option.

The Quarterly Anniversary Value is initially equal to the Purchase Payment received on the Issue Date.

At the end of each Business Day, we adjust the Quarterly Anniversary Value as follows.

· We increase it by the amount of any additional Purchase Payments.

· We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations, Lifetime Plus Payments, Excess Withdrawals and any withdrawal charges; but do not include amounts we withdraw for other Contract charges.

On each Quarterly Anniversary before the end date, we compare the Quarterly Anniversary Value to the Contract Value, using the values determined at the end of the prior Business Day (after the deduction of all Contract fees and expenses) and increase the Quarterly Anniversary Value to equal this Contract Value if it is greater.

The end date occurs on the earliest of:

· the older Owner’s 91st birthday (or the Annuitant’s 91st birthday if the Owner is a non-individual); or

· the end of the Business Day during which we first receive in Good Order at our Service Center the death benefit payment option and due proof of death.

If the end date occurs due to age, we continue to calculate the Quarterly Anniversary Value in the same way that we do on each Business Day other than a Quarterly Anniversary until we receive the required death information. If the end date occurs because of death and the surviving spouse continues the Contract, the Quarterly Anniversary Value can continue to increase until the next end date if the new Owner is not yet age 91.

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The Quarterly Value Death Benefit ends upon the earliest of the following.

· The Business Day before the Income Date that you take a Full Annuitization.

· The Business Day that the Quarterly Anniversary Value and Contract Value are both zero.

· When the Contract ends.

NOTE:

· If you have Income Protector, your Contract Value decreases with each Lifetime Plus Payment, Excess Withdrawal, and rider charge deduction, which reduces the likelihood of locking in investment gains. These deductions also directly reduce the Quarterly Anniversary Value.

· For Contracts with the Bonus Option, bonus amounts are not included in the parts of the Quarterly Anniversary Value based on Purchase Payments, and are also not included in the parts of this value that are based on Contract Value until they are vested.

11.d BONUS OPTION

We designed the Bonus Option for Owners who believe the bonus’ returns are offset by this benefit’s additional costs. This benefit provides a 6% bonus on each Purchase Payment received before the older Owner reaches age 81 (or the Annuitant reaches age 81 if Owner is a non-individual), subject to a three-year vesting schedule. You cannot remove this benefit from your Contract; it ends when your Contract ends. The Bonus Option carries an additional M&E charge and is subject to a higher and longer withdrawal charge schedule as described in the Fee Tables and section 7, Expenses.

The bonus is subject to the following terms.

● Bonus amounts are available to you as they vest. We include the bonus in any part of a guaranteed value based on Contract Value, but only as it vests. We do not include the bonus in any part of a guaranteed value based on Purchase Payments. The vesting schedule is as follows.

Number of Complete Years Since Purchase Payment Receipt	Vesting Percentage
0	0%
1	35%
2	70%
3+	100%

● We treat all bonus amounts and their gains or losses as Contract earnings for both tax purposes and the withdrawal charge.

● All bonus gains and losses are part of your Contract Value and are always 100% vested.

We pay all bonus amounts from the general account assets of Allianz Life.

We deduct Contract charges other than the M&E charge from the Bonus Value, which is your Contract Value plus any unvested bonus. If you cancel your Contract during the free look/right-to-examine period, or if you take a withdrawal* or Full Annuitization, or if a death benefit is payable in the first three years after we receive a Purchase Payment, you lose all or some of your bonus. We expect to profit from the Bonus Option’s additional M&E charge and withdrawal charge.

* Including Partial Annuitizations, Lifetime Plus Payments, and Excess Withdrawals.

NOTE:

· The bonus may be more than offset by the Bonus Option’s additional M&E charge and withdrawal charge, especially during periods of poor Investment Option performance.

· The IRS has not reviewed the Contract for qualification as an IRA and has not issued a ruling as to whether a bonus benefit with a vesting schedule complies with IRA requirements.

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11.e SHORT WITHDRAWAL CHARGE OPTION

We designed the Short Withdrawal Charge Option for Owners concerned with short-term liquidity. This benefit shortens the Base Contract’s withdrawal charge period from seven to four years. You cannot remove this benefit from your Contract; it ends when the Accumulation Phase ends. The Short Withdrawal Charge Option carries an additional M&E charge as described in the Fee Tables and section 7, Expenses.

NOTE: If you do not take a withdrawal in the fifth through seventh years after we receive a Purchase Payment, you will have paid for this benefit without receiving any of its advantages.

11.f NO WITHDRAWAL CHARGE OPTION

We designed the No Withdrawal Charge Option for Owners concerned with short-term liquidity. This benefit eliminates the Base Contract’s withdrawal charge. You cannot remove this benefit from your Contract; it ends when the Accumulation Phase ends. This benefit carries an additional M&E charge as described in the Fee Tables and section 7, Expenses.

NOTE:

· You must also have an Additional Required Benefit, and you can only remove the Additional Required Benefit if we increase the rider charge, or you can simultaneously replace it with another Additional Required Benefit. Removing an Additional Required Benefit because we increase the rider charge does not end the No Withdrawal Charge Option.

· If you do not take a withdrawal in the first seven years after we receive a Purchase Payment, you will have paid for this benefit without receiving any of its advantages.

12. TAXES

This section provides a summary explanation of the tax ramifications of purchasing a Contract. More detailed information about product taxation is contained in the Statement of Additional Information, which is available by calling the toll-free telephone number at the back of this prospectus. We do not provide individual tax advice. You should contact your tax adviser to discuss this Contract’s effects on your personal tax situation.

QUALIFIED AND NON-QUALIFIED CONTRACTS

You can purchase either a Qualified Contract or a Non-Qualified Contract. A Qualified Contract is purchased pursuant to a specialized provision of the Internal Revenue Code (Code). For example, a Contract may be purchased pursuant to Section 408 of the Code as an Individual Retirement Annuity (IRA).

Qualified Contracts are subject to certain restrictions, including restrictions on the amount of annual contributions, restrictions on how much you can earn and still be able to contribute to a Qualified Contract, and specialized restrictions on withdrawals. Qualified Contracts must be purchased from earned income from the relevant year or years, or from a rollover or transfer from a qualified contract. Purchase Payments to Qualified Contracts other than from a qualified transfer may be restricted once the Owner reaches age 70½.

Currently, we offer the following types of Qualified Contracts.

Type of Contract	Persons and Entities that can buy the Contract
IRA	Must have the same individual as Owner and Annuitant.
Roth IRA	Must have the same individual as Owner and Annuitant.
Simplified Employee Pension (SEP) IRA	Must have the same individual as Owner and Annuitant.
Certain Code Section 401 Plans	A qualified retirement plan is the Owner and the Annuitant must be an individual. We may determine which types of qualifed retirement plans are eligible to purchase this Contract.

If you purchase a Qualified Contract, you already receive the benefit of tax deferral through the qualified plan, and so you should purchase this Contract for purposes other than tax deferral.

You can instead purchase a Non-Qualified Contract, which is not qualified pursuant to a specialized provision of the Code. There are no Code restrictions on annual contributions to a Non-Qualified Contract or how much you can earn and still contribute to a Contract.

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TAXATION OF ANNUITY CONTRACTS

The Contract has the following tax characteristics.

· Taxes on earnings are deferred until you take money out.

· When you take money out of a Non-Qualified Contract, earnings are generally subject to Federal income tax and applicable state income tax. All pre-tax funds distributed from Qualified Contracts are subject to federal and state income tax, but qualified distributions from Roth IRA Contracts are not subject to federal income tax. This prospectus does not address specific state tax laws. You should discuss state taxation with your tax adviser.

· Taxable distributions are subject to an ordinary income tax rate, rather than at a capital gains rate.

· Beginning in 2013, distributions from Non-Qualified Contracts will be considered investment income for purposes of the newly enacted Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may apply to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds certain threshold amounts ($200,000 for filing single, $250,000 for married filing jointly and $125,000 for married filing separately.) Please consult a tax advisor for more information.

· If you take partial withdrawals from your Non-Qualified Contract, the withdrawals are generally taxed as though you were paid taxable earnings first, and then as a non-taxable return of Purchase Payments.

· If you fully annuitize your Non-Qualified Contract and receive a stream of Annuity Payments, you receive the benefit of the exclusion ratio, and each Annuity Payment you receive is treated partly as taxable earnings and partly as a non-taxable return of Purchase Payments.

· If you take partial withdrawals or annuitize a Qualified Contract, you will be responsible for determining what portion, if any, of the distribution consists of after-fax funds.

· Lifetime Plus Payments are taxed as partial withdrawals.

· If you take out earnings before age 59½, you may be subject to a Federal 10% penalty tax, unless you take a lifetime annuitization of your Contract or you take money out in a stream of substantially equal payments over your expected life in accordance with the requirements of the Code.

· A pledge or assignment of a Contract may be treated as a taxable event. You should discuss any pledge or assignment of a Contract with your tax adviser.

· If you purchase multiple non-qualified deferred annuity contracts from an affiliated group of companies in one calendar year, these contracts are treated as one contract for purposes of determining the tax consequences of any distribution.

· Death benefit proceeds from Non-Qualified Contracts are taxable to the beneficiary as ordinary income to the extent of any earnings. Death benefit proceeds must be paid out in accordance with the requirements of the Code. Federally recognized spouses are given specialized treatment in receipt of payments.

· Depending upon the type of Qualified Contract you own, required minimum distributions (RMDs) must be satisfied when you reach a certain age. If you enroll in our minimum distribution program, we make RMD payments to you that are designed to meet this Contract’s RMD requirements.

· When you take money out of a Contract, we may deduct premium tax that we pay on your Contract. This tax varies from 0% to 3.5%, depending on your state. Currently, we pay this tax and do not pass it on to you.

TAXATION OF LIFETIME PLUS PAYMENTS

We treat Lifetime Plus Payments as withdrawals for tax purposes. This means that, for Non-Qualified Contracts, gains from the entire Contract are considered to be distributed first and are subject to ordinary income tax. Purchase Payments are distributed after gains have been paid out and are generally considered to be a return of your investment and are not subject to income tax. For Qualified Contracts, the total Lifetime Plus Payment is most likely subject to ordinary income tax. If you are taking withdrawals from the Contract to satisfy the requirements for substantially equal periodic payments under Section 72(t) or 72(q) of the Internal Revenue Code and you begin Lifetime Plus Payments before the required series of withdrawals is complete, you may incur additional penalties, including a 10% federal penalty tax.

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TAX-FREE SECTION 1035 EXCHANGES

Subject to certain restrictions, you can make a “tax-free” exchange under Section 1035 of the Internal Revenue Code for all or a portion of one annuity contract for another, or all of a life insurance policy for an annuity contract. Before making an exchange, you should compare both contracts carefully. Remember that if you exchange a life insurance policy or annuity contract for the Contract described in this prospectus:

· you might have to pay a withdrawal charge on your previous contract,

· unless you select the No Withdrawal Charge Option, there is a new withdrawal charge period for this Contract,

· other charges under this Contract may be higher (or lower),

· the benefits may be different, and

· you no longer have access to any benefits from your previous contract.

If the exchange does not qualify for Section 1035 treatment, you also may have to pay federal income tax, including a possible federal penalty tax, on the exchange. You should not exchange an existing life insurance policy or another annuity contract for this Contract unless you determine the exchange is in your best interest and not just better for the person selling you the Contract who generally earns a commission on each sale. You should consult a tax adviser to discuss the potential tax effects before making a 1035 exchange.

13. OTHER INFORMATION

ALLIANZ LIFE

Allianz Life is a stock life insurance company organized under the laws of the state of Minnesota in 1896. Our address is 5701 Golden Hills Drive, Minneapolis, MN 55416. We offer fixed and variable annuities and individual life insurance. We are licensed to do direct business in 49 states and the District of Columbia. We are a subsidiary of Allianz SE, a provider of integrated financial services.

THE SEPARATE ACCOUNT

We established Allianz Life Variable Account B (the Separate Account) as a separate account under Minnesota insurance law on May 31, 1985. The Separate Account is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940. The SEC does not supervise our management of the Separate Account.

The Separate Account holds the assets that underlie the Contracts, except assets allocated to our general account. We keep the Separate Account assets separate from the assets of our general account and other separate accounts. The Separate Account is divided into subaccounts, each of which invests exclusively in a single Investment Option.

We own the assets of the Separate Account. We credit gains to or charge losses against the Separate Account, whether or not realized, without regard to the performance of other investment accounts. The Separate Account’s assets may not be used to pay any of our liabilities, other than those arising from the Contracts.

If the Separate Account’s assets exceed the required reserves and other liabilities, we may transfer the excess to our general account, to the extent of seed money invested by us or earned fees and charges. The obligations under the Contracts are obligations of Allianz Life.

DISTRIBUTION

Allianz Life Financial Services, LLC (Allianz Life Financial), a wholly owned subsidiary of Allianz Life Insurance Company of North America, serves as principal underwriter for the Contracts. Allianz Life Financial is a limited liability company organized in Minnesota, and is located at 5701 Golden Hills Drive, Minneapolis, MN 55416. Allianz Life Financial is registered as a broker/dealer with the SEC under the Securities Exchange Act of 1934, as well as with the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority (FINRA). Allianz Life Financial is not a member of Securities Investors Protection Corporation. More information about Allianz Life Financial is available at http://www.finra.org or by calling 1-800-289-9999. You also can obtain an investor brochure from FINRA describing its Public Disclosure Program.

We have entered into a distribution agreement with Allianz Life Financial for the distribution of the Contracts. Allianz Life Financial also may perform various administrative services on our behalf.

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We may fund Allianz Life Financial’s operating and other expenses, including: overhead; legal and accounting fees; Financial Professional training; compensation for the Allianz Life Financial management team; and other expenses associated with the Contracts. Financial Professionals and their managers are also eligible for various benefits, such as production incentive bonuses, insurance benefits, and non-cash compensation items that we may provide jointly with Allianz Life Financial. Non-cash items include conferences, seminars and trips (including travel, lodging and meals in connection therewith), entertainment, awards, merchandise and other similar items.

Allianz Life Financial does not itself sell the Contracts on a retail basis. Rather, Allianz Life Financial enters into selling agreements with other broker/dealers registered under the 1934 Act (selling firms) for the sale of the Contracts. These selling firms include third party broker/dealers and Questar Capital Corporation, an affiliated broker/dealer. We pay sales commissions to the selling firms and their Financial Professionals. The maximum commission payable to the selling firms for Contract sales is expected to not exceed 7% of Purchase Payments. Sometimes, we enter into an agreement with a selling firm to pay commissions as a combination of a certain amount of the commission at the time of sale and a trail commission which, when totaled, could exceed 7% of Purchase Payments.

We and/or Allianz Life Financial may make bonus payments to certain selling firms based on aggregate sales of our variable insurance contracts (including this Contract) or persistency standards, or as part of a special promotion. These additional payments are not offered to all selling firms, and the terms of any particular agreement governing the payments may vary among selling firms. In some instances, the amount paid may be significant.

A portion of the payments made to selling firms may be passed on to their Financial Professionals. Financial Professionals may receive cash and non-cash compensation and other benefits. Ask your Financial Professional for further information about what they and their firm may receive in connection with your purchase of a Contract.

We intend to recover commissions and other expenses through fees and charges imposed under the Contract. Commissions paid on the Contract, including other incentives or payments, are not charged directly to the Owners or the Separate Account.

Broker-dealers and their Financial Professionals and managers involved in sales of the Contracts may receive payments from us for administrative and other services that do not directly involve the sale of the Contracts, including payments made for recordkeeping, the recruitment and training of personnel, production of promotional literature and similar services. In addition, certain firms and their Financial Professionals may receive compensation for distribution and administrative services when acting in a wholesaling capacity and working with retail firms.

We and/or Allianz Life Financial may pay certain selling firms additional marketing support allowances for:

· marketing services and increased access to their Financial Professionals;

· sales promotions relating to the Contracts;

· costs associated with sales conferences and educational seminars;

· the cost of client meetings and presentations; and

· other sales expenses incurred by them.

We retain substantial discretion in determining whether to grant a marketing support payment to a particular broker/dealer firm and the amount of any such payment.

We may also make payments for marketing and wholesaling support to broker/dealer affiliates of Investment Options that are available through the variable annuities we offer.

Additional information regarding marketing support payments can be found in the Distributor section of the Statement of Additional Information.

The Investment Options may assess a Rule 12b-1 fee. These fees are paid to Allianz Life Financial as consideration for providing certain services and incurring certain expenses permitted under the Investment Option’s plan. These fees typically equal 0.25% of an Investment Option’s average daily net assets for the most recent calendar year.

In certain instances, an investment adviser and/or subadviser (and/or their affiliates) of an Investment Option may make payments for administrative services to Allianz Life Financial or its affiliates.

We offer the Contracts to the public on a continuous basis. We anticipate continuing to offer the Contracts but reserve the right to discontinue the offering.

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ADDITIONAL CREDITS FOR CERTAIN GROUPS

We may credit additional amounts to a Contract instead of modifying charges because of special circumstances that result in lower sales or administrative expenses or better than expected mortality or persistency experience.

ADMINISTRATION/ALLIANZ SERVICE CENTER

The Allianz Service Center performs certain administrative services regarding the Contracts and is located at 5701 Golden Hills Drive, Minneapolis, Minnesota. Our Service Center mailing address and telephone number are listed at the back of this prospectus. The administrative services performed by our Service Center include:

· issuance and maintenance of the Contracts,

· maintenance of Owner records,

· processing and mailing of account statements and other mailings to Owners, and

· routine customer service including:

– responding to Owner correspondence and inquiries,

– processing of Contract changes,

– processing withdrawal requests (both partial and total) and

– processing annuitization requests.

To reduce expenses, only one copy of most financial reports and prospectuses, including reports and prospectuses for the Investment Options, will be mailed to your household, even if you or other persons in your household have more than one contract issued by us or our affiliate. Call our Service Center at the toll-free telephone number listed at the back of this prospectus if you need additional copies of financial reports, prospectuses, or annual and semiannual reports, or if you would like to receive one copy for each contract in future mailings.

LEGAL PROCEEDINGS

We and our subsidiaries, like other life insurance companies, from time to time are involved in legal proceedings of various kinds, including regulatory proceedings and individual and class action lawsuits. In some legal proceedings involving insurers, substantial damages have been sought and/or material settlement payments have been made. Although the outcome of any such proceedings cannot be predicted with certainty, we believe that, at the present time, there are no pending or threatened legal proceedings to which we, the Separate Account, or Allianz Life Financial is a party that are reasonably likely to materially affect the Separate Account, our ability to meet our obligations under the Contracts, or Allianz Life Financial’s ability to perform its obligations.

FINANCIAL STATEMENTS

The consolidated financial statements of Allianz Life and the financial statements of the Separate Account have been included in Part C of the Registration Statement.

STATUS PURSUANT TO SECURITIES EXCHANGE ACT OF 1934

Allianz Life hereby relies on the exemption provided by Rule 12h-7 under the Securities Exchange Act of 1934 from the requirement to file reports pursuant to Section 15(d) of that Act.

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14. PRIVACY AND SECURITY STATEMENT

2012

Your privacy is a high priority for Allianz. Our pledge to protect your privacy is reflected in our Privacy and Security Statement. This statement outlines our principles for collecting, using and protecting information that we maintain about you.

This statement applies to all of the companies within the Allianz family of companies that issue insurance policies. The law allows us to share your information among our insurance companies. The law does not allow you to prevent these disclosures. A list of our companies can be found at the end of this notice.

Information about you that Allianz collects

Allianz collects information about you so that we can process the insurance transactions you request. We limit the amount of your information collected to what we feel is needed to maintain your account. We may collect your information from the following sources:

· From you, either directly or through your agent. This may include information on your insurance application or other forms you may complete, such as your name, address and telephone number.

· From others, through the process of handling a claim. This may include information from medical or accident reports.

· From your doctor or during a home visit by a health assessment professional. This may include medical information about you gathered with your written authorization.

· From your relationship with us, such as the number of years you have been a customer or the types of insurance products you purchased.

· From a consumer reporting agency such as a medical, credit, or motor vehicle report. The information in these reports may be kept by the agency and shared with others.

Information about you that Allianz shares

Allianz does not share information about current or former customers with anyone, except as “allowed by law.” “Allowed by law” means that we may share your information, such as your name, address, and policy information, as follows:

· With affiliates and service providers in order to administer or service your policy.

· With consumer reporting agencies to obtain a medical report, credit report, or motor vehicle report. These reports are used to determine eligibility for coverage or to process your requested transactions.

· With your insurance agent so that they can perform services for you.

· With medical professionals in order to process your claim.

· With a state Department of Insurance in order to examine our records or business practices.

· With a state or federal law enforcement agency, as required by law or to report suspected fraud activities.

· With research groups to conduct studies on claims results. No individual is identified in any study or report.

Service providers with whom we legally share your information are required to sign a Privacy and Security Agreement with Allianz.

Allianz does not sell your information to anyone

We do not share your information with anyone for their own marketing purposes. For this reason, we are not required to obtain an “opt-in election,” an “opt-out election” or an authorization from you. We also do not share your information with any of our affiliated companies except to administer or service your policy.

Allianz policies and practices regarding security of your information

Allianz uses computer hardware and software tools to maintain physical and electronic safeguards. These safeguards comply with applicable federal and state regulations. We use state-of-the-art technology to secure our websites and protect the information that may be shared over these sites.

If you visit one of our websites, we may use “cookies” (small text files sent from our site to your hard drive). These cookies help us to recognize repeat visitors and allow easy access to and use of the site. We do not use cookies to gather your information. The cookies only enable you to use our website more easily. Refer to the Privacy link at the bottom of our website for more information on browsing privacy practices.

Your ability to access and correct your information

You have the right to access and obtain a copy of your information. This does not include the right to access and copy your information related to a claim or civil or criminal proceeding. If you wish to review your information, please write us at the address below. Provide your full name, address and policy number(s). For your protection, please have your request notarized.

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This will ensure the identity of the person requesting your information. Alternately, you may also make your request through our secure website.

Within 30 working days of our receipt of your request, your information will be available. You may see the information in person or we will send you a copy. If medical information is contained in your file, we may request that you name a medical professional to whom we will send your information.

If you believe any of your information is incorrect, notify us in writing at the address below. Within 30 working days, we will let you know if our review has resulted in a correction of your information. If we do not agree there is an error, you may file a statement disputing our finding. We will attach the statement to your file. We will send any corrections we make, or your statement, to anyone we shared your information with over the past two years, and to anyone who may receive your information from us in the future. We do not control the information about you that is obtained from a consumer reporting agency or a Department of Motor Vehicles. At your request, we will provide you with the names and addresses of these agencies so that you can contact them directly.

Montana residents: You may write to us and also ask for a record of any disclosure of your medical information made within the last three years.

Notification of change

Your trust is one of our most important assets. If we revise our privacy practices in the future, we will notify you prior to introducing any changes. This Privacy and Security Statement is also displayed on our website (http://www.allianzlife.com).

For more information or if you have questions

If you have any questions or concerns about our privacy policies or procedures, please call the Corporate Compliance Privacy Office at 800.328.5600, write us at the following address or contact us via the website.

Allianz Life Insurance Company of North America

PO Box 1344

Minneapolis, MN 55440-1344

Allianz family of companies:

· Allianz Life Insurance Company of North America

· Allianz Life Insurance Company of New York

· Allianz Investment Management LLC

· Allianz Life Financial Services, LLC

· Questar Asset Management, Inc.

· Questar Capital Corporation

M40018 (R-12/2011)

15. TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION (SAI)

Allianz Life…………………………………………………………….	2	Income Tax Withholding……………………………..	8
Experts…………………………………………………………………	2	Multiple Contracts…………………………………….	9
Legal Opinions………………………………………………………..	2	Partial 1035 Exchanges………………………………	9
Distributor……………………………………………………………..	2	Assignments, Pledges and Gratuitous Transfers….	9
Federal Tax Status…………………………………………………..	3	Death Benefits…………………………………………	9
Annuity Contracts in General……………………………………	3	Federal Estate Taxes…………………………………	9
Taxation of Annuities in General………………………………..	3	Generation-Skipping Transfer Tax………………….	10
Qualified Contracts……………………………………………….	4	Foreign Tax Credits…………………………………..	10
Purchasing a Qualified Contract………………………………..	5	Possible Tax Law Changes………………………….	10
Distributions Qualified Contracts………………………………..	6	Accumulation Unit Values………………………………	10
Distributions Non-Qualified Contracts………………………….	7	Annuity Payments………………………………………..	10
Required Distributions……………………………………………	7	Annuity Payment Options……………………………	11
Withholding………………………………………………………..	8	Annuity Units/Calculating Variable Annuity
Diversification……………………………………………………..	8	Payments………………………….…………….	13
Owner Control…………………………………………………….	8	Financial Statements…………………………………….	13
Contracts Owned by Non-Individuals…………………………..	8	Appendix A  – Death of the Owner and/or Annuitant…	14
Annuity Purchases by Nonresident Aliens and Foreign		Appendix B  – Condensed Financial Information	18
Corporations…………………………………………………...	8

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APPENDIX A – ANNUAL OPERATING EXPENSES FOR EACH INVESTMENT OPTION

This table describes, in detail, the annual expenses for each of the Investment Options. We show the expenses as a percentage of an Investment Option’s average daily net assets for the most recent calendar year. Except for the AZL Funds and the PIMCO VIT portfolios, neither the Investment Options nor their advisers are affiliated with us. Expenses may vary in current and future years. The investment advisers for the Investment Options provided the fee and expense information and we did not independently verify it. See the Investment Options’ prospectuses for further information regarding the expenses you may expect to pay.

Investment Option	Management fees	Rule 12b-1 fees	Service fees	Other expenses	Acquired fund fees and expenses	Total annual fund operating expenses before fee waivers and/or expense reimbursements
ALLIANZ GLOBAL INVESTORS CAPITAL
AZL Allianz AGIC Opportunity Fund	.85	.25	–	.09	–	1.19
BLACKROCK
AZL BlackRock Capital Appreciation  Fund	.80	.25	–	.08	–	1.13
AZL International Index Fund	.35	.25	–	.23	–	.83
AZL Mid Cap Index Fund	.25	.25	–	.13	.02	.65
AZL Money Market Fund	.35	.25	–	.06	–	.66
AZL S&P 500 Index Fund – Class 2	.17	.25	–	.10	–	.52
AZL Small Cap Stock Index Fund	.26	.25	–	.12	.02	.65
BlackRock Global Allocation V.I. Fund – Class 3	.64	.25	–	.26	.02	1.17
COLUMBIA
AZL Columbia Mid Cap Value Fund	.75	.25	–	.08	.01	1.09
AZL Columbia Small Cap Value Fund – Class 2	.90	.25	–	.10	–	1.25
DAVIS
AZL Davis New York Venture Fund – Class 2	.75	.25	–	.10	–	1.10
Davis VA Financial Portfolio	.55	–	–	.14	–	.69
DREYFUS
AZL Dreyfus Research Growth Fund	.77	.25	–	.08	–	1.10
EATON VANCE
AZL Eaton Vance Large Cap Value Fund	.74	.25	–	.08	–	1.07
FEDERATED
AZL Federated Clover Small Value Fund	.75	.25	–	.09	–	1.09
FIDELITY
Fidelity VIP FundsManager 50% Portfolio – Service Class 2	.25	.25	–	–	.54	1.04
Fidelity VIP FundsManager 60% Portfolio – Service Class 2	.25	.25	–	–	.64	1.14
FRANKLIN TEMPLETON
AZL Franklin Templeton Founding Strategy Plus Fund	.70	.25	–	.19	–	1.14
Franklin High Income Securites Fund – Class 2	.53	.25	–	.05	–	.83
Franklin Income Securities Fund – Class 2	.45	.25	–	.02	–	.72
Franklin Templeton VIP Founding Funds Allocation Fund – Class 2	.00	.25	–	.11	.65	1.01
Franklin U.S. Government Fund – Class 2	.48	.25	–	.03	–	.76
Mutual Shares Securities Fund – Class 2	.60	.25	–	.13	–	.98
Templeton Global Bond Securities Fund – Class 2	.46	.25	–	.10	–	.81
Templeton Growth Securities Fund – Class 2	.74	.25	–	.04	–	1.03
GATEWAY
AZL Gateway Fund	.80	.25	–	.20	.01	1.26
INVESCO
AZL Invesco Equity and Income Fund	.75	.25	–	.09	.02	1.11
AZL Invesco Growth and Income Fund	.76	.25	–	.08	–	1.09
AZL Invesco International Equity Fund	.90	.25	–	.12	.01	1.28
J.P. MORGAN
AZL JPMorgan International Opportunities Fund	.95	.25	–	.12	–	1.32
AZL JPMorgan U.S. Equity Fund – Class 2	.80	.25	–	.08	–	1.13
MFS
AZL MFS Investors Trust Fund	.75	.25	–	.09	–	1.09
MORGAN STANLEY
AZL Morgan Stanley Global Real Estate Fund	.90	.25	–	.20	–	1.35
AZL Morgan Stanley Mid Cap Growth Fund	.80	.25	–	.09	–	1.14

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Investment Option	Management fees	Rule 12b-1 fees	Service fees	Other expenses	Acquired fund fees and expenses	Total annual fund operating expenses before fee waivers and/or expense reimbursements
OPPENHEIMERFUNDS
AZL Oppenheimer Discovery Fund	.85	.25	–	.09	–	1.19
PIMCO
PIMCO EqS Pathfinder Portfolio – Advisor Class	1.10	.25	–	.01	.03	1.39
PIMCO VIT All Asset Portfolio – Admin. Class	.425	–	.15	–	.74	1.315
PIMCO VIT CommodityRealReturn Strategy Portfolio – Admin. Class	.74	–	.15	.02	.14	1.05
PIMCO VIT Emerging Markets Bond Portfolio – Admin. Class	.85	–	.15	–	–	1.00
PIMCO VIT Global Advantage Strategy Bond Portfolio – Admin. Class	.75	–	.15	–	–	.90
PIMCO VIT Global Bond Portfolio (Unhedged) – Admin. Class	.75	–	.15	–	–	.90
PIMCO VIT Global Multi-Asset Managed Volatility Portfolio – Admin. Class(1)	1.05	_	.15	.03	.50	1.73
PIMCO VIT Global Multi-Asset Portfolio – Admin. Class	.95	–	.15	–	.51	1.61
PIMCO VIT High Yield Portfolio – Admin. Class	.60	–	.15	–	–	.75
PIMCO VIT Real Return Portfolio – Admin. Class	.50	–	.15	–	–	.65
PIMCO VIT Total Return Portfolio – Admin. Class	.50	–	.15	–	–	.65
PIMCO VIT Unconstrained Bond Portfolio – Admin Class	.90	–	.15	–	–	1.05
SCHRODER
AZL Schroder Emerging Markets Equity Fund	1.23	.25	–	.22	–	1.70

 (1) “Other Expenses” reflect estimated expenses for the fund’s first fiscal year.

This table describes, in detail, the annual expenses for each of the Allianz Fund of Funds. We show the expenses as a percentage of an Investment Option’s average daily net assets. The underlying funds may pay 12b-1 fees to the distributor of the Contracts for distribution and/or administrative services. The underlying funds do not pay service fees or 12b-1 fees to the Allianz Fund of Funds and the Allianz Fund of Funds do not pay service fees or 12b-1 fees. The underlying funds of the Allianz Fund of Funds may pay service fees to the insurance companies issuing variable contracts, or their affiliates, for providing customer service and other administrative services to contract purchasers. The amount of such service fees may vary depending on the underlying fund.

Investment Option	Management fees	Rule 12b-1 fees	Other expenses	Total	Acquired fund fees and expenses	Total annual fund operating expenses before fee waivers and/or expense reimbursements
ALLIANZ FUND OF FUNDS
AZL Balanced Index Strategy Fund	.05	–	.04	.09	.64	.73
AZL Fusion Balanced Fund	.20	–	.03	.23	.86	1.09
AZL Fusion Conservative Fund	.20	–	.06	.26	.80	1.06
AZL Fusion Growth Fund	.20	–	.03	.23	.99	1.22
AZL Fusion Moderate Fund	.20	–	.02	.22	.92	1.14
AZL Growth Index Strategy Fund	.05	–	.03	.08	.62	.70
AZL MVP Balanced Index Strategy Fund(1)	.15	–	.16	.31	.63	.94
AZL MVP BlackRock Global Allocation Fund(1)	.15	–	.06	.21	1.13	1.34
AZL MVP Franklin Templeton Founding Strategy Plus Fund(1)	.16	–	.06	.22	1.05	1.27
AZL MVP Fusion Balanced Fund(1)	.25	–	.16	.41	.84	1.25
AZL MVP Fusion Moderate Fund(1)	.25	–	.16	.41	.90	1.31
AZL MVP Growth Index Strategy Fund(1)	.15	–	.16	.31	.61	.92
AZL MVP Invesco Equity and Income Fund(1)	.15	–	.06	.21	.99	1.20

(1) Management Fees and Other Expenses include 0.05% and 0.01%, respectively, of acquired fund fees and expenses associated with the AZL MVP Investment Trusts. Other Expenses and Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.

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Appendix A

71

APPENDIX B – CONDENSED FINANCIAL INFORMATION

The consolidated financial statements of Allianz Life Insurance Company of North America and the financial statements of Allianz Life Variable Account B are included in Part C of the Registration Statement.

Accumulation unit value (AUV) information corresponding to the lowest and highest combination of M&E charges for the Contract offered by this prospectus as of the end of the most recent calendar year is listed in the tables below. A separate rider charge may also apply to your Contract if you select Income Protector or Investment Protector, which is not reflected in the table below. See the Fee Tables for further information regarding the rider charge. You can find AUV information corresponding to the additional combinations of charges in the appendix to the Statement of Additional Information (SAI), which is available without charge by contacting us at the telephone number or address listed at the back of this prospectus.

This information should be read in conjunction with the financial statements and related notes of the Separate Account included in Part C of the Registration Statement.

Lowest and Highest Combination of Benefit Options	M&E Charge
Allianz Vision – Base Contract	1.40%
Allianz Vision – Base Contract with No Withdrawal Charge Option and Quarterly Value Death Benefit	2.05%

The following Investment Options commenced operations under this Contract after December 31, 2011. Therefore, no AUV information is shown for them: AZL MVP Balanced Index Strategy Fund; AZL MVP BlackRock Global Allocation Fund; AZL MVP Franklin Templeton Founding Strategy Plus Fund; AZL MVP Fusion Balanced Fund; AZL MVP Fusion Moderate Fund; AZL MVP Growth Index Strategy Fund; AZL MVP Invesco Equity and Income Fund; PIMCO VIT Global Multi-Asset Managed Volatility Portfolio.

(Number of Accumulation Units in thousands)

M&E Charge 1.40%							M&E Charge 2.05%
Period or Year Ended	AUV at Beginning of Period			AUV at End of Period		Number of Accumulation Units Outstanding at End of Period	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
AZL Allianz AGIC Opportunity Fund
12/31/2007		N/A			16.672	85	12/31/2007	N/A	N/A	N/A
12/31/2008		16.672			8.688	117	12/31/2008	N/A	N/A	N/A
12/31/2009		8.688			13.545	22	12/31/2009	N/A	12.885	0
12/31/2010		13.545			15.865	72	12/31/2010	12.885	14.995	3
12/31/2011		15.865			13.840	82	12/31/2011	14.995	12.997	2
AZL Balanced Index Strategy Fund
12/31/2009			N/A		10.035	338	12/31/2009	N/A	10.022	0
12/31/2010			10.035		10.934	2326	12/31/2010	10.022	10.850	14
12/31/2011			10.934		11.042	3295	12/31/2011	10.850	10.886	14
AZL BlackRock Capital Appreciation Fund
12/31/2007			N/A		13.110	84	12/31/2007	N/A	N/A	N/A
12/31/2008			13.110		8.225	144	12/31/2008	N/A	N/A	N/A
12/31/2009			8.225		10.987	266	12/31/2009	N/A	10.658	0
12/31/2010			10.987		12.914	1180	12/31/2010	10.658	12.447	3
12/31/2011			12.914		11.575	1680	12/31/2011	12.447	11.084	9
AZL Columbia Mid Cap Value Fund
12/31/2007			N/A		10.319	116	12/31/2007	N/A	N/A	N/A
12/31/2008			10.319		4.869	168	12/31/2008	N/A	N/A	N/A
12/31/2009			4.869		6.352	110	12/31/2009	N/A	6.202	0
12/31/2010			6.352		7.683	482	12/31/2010	6.202	7.453	5
12/31/2011			7.683		7.306	888	12/31/2011	7.453	7.042	7

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix B

72

M&E Charge 1.40%						M&E Charge 2.05%
Period or Year Ended	AUV at Beginning of Period		AUV at End of Period		Number of Accumulation Units Outstanding at End of Period	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
AZL Columbia Small Cap Value Fund
12/31/2007		N/A		12.439	55	12/31/2007	N/A	N/A	N/A
12/31/2008		12.439		8.330	57	12/31/2008	N/A	N/A	N/A
12/31/2009		8.330		10.243	19	12/31/2009	N/A	9.872	0
12/31/2010		10.243		12.719	181	12/31/2010	9.872	12.180	2
12/31/2011		12.719		11.764	248	12/31/2011	12.180	11.192	1
AZL Davis New York Venture Fund
12/31/2007		N/A		13.555	259	12/31/2007	N/A	N/A	N/A
12/31/2008		13.555		7.952	394	12/31/2008	N/A	N/A	N/A
12/31/2009		7.952		10.338	219	12/31/2009	N/A	9.804	0
12/31/2010		10.338		11.422	782	12/31/2010	9.804	10.762	14
12/31/2011		11.422		10.791	1055	12/31/2011	10.762	10.101	14
AZL Dreyfus Research Growth Fund
12/31/2007		N/A		11.526	106	12/31/2007	N/A	N/A	N/A
12/31/2008		11.526		6.634	164	12/31/2008	N/A	N/A	N/A
12/31/2009		6.634		8.816	92	12/31/2009	N/A	8.360	0
12/31/2010		8.816		10.686	206	12/31/2010	8.360	10.068	1
12/31/2011		10.686		10.201	321	12/31/2011	10.068	9.549	6
AZL Eaton Vance Large Cap Value Fund
12/31/2007		N/A		12.386	130	12/31/2007	N/A	N/A	N/A
12/31/2008		12.386		7.794	167	12/31/2008	N/A	N/A	N/A
12/31/2009		7.794		9.724	66	12/31/2009	N/A	9.191	0
12/31/2010		9.724		10.531	258	12/31/2010	9.191	9.889	22
12/31/2011		10.531		9.923	360	12/31/2011	9.889	9.258	3
AZL Federated Clover Small Value Fund
12/31/2007		N/A		17.485	185	12/31/2007	N/A	N/A	N/A
12/31/2008		17.485		11.426	219	12/31/2008	N/A	N/A	N/A
12/31/2009		11.426		14.716	48	12/31/2009	N/A	14.091	0
12/31/2010		14.716		18.446	230	12/31/2010	14.091	17.548	2
12/31/2011		18.446		17.477	264	12/31/2011	17.548	16.519	3
AZL Franklin Templeton Founding Strategy Plus Fund
12/31/2009		N/A		10.218	321	12/31/2009	N/A	10.205	0
12/31/2010		10.218		11.085	5059	12/31/2010	10.205	11.000	32
12/31/2011		11.085		10.731	7149	12/31/2011	11.000	10.580	32
AZL Fusion Balanced Fund
12/31/2007		N/A		12.121	800	12/31/2007	N/A	N/A	N/A
12/31/2008		12.121		8.672	958	12/31/2008	N/A	N/A	N/A
12/31/2009		8.672		10.836	1224	12/31/2009	N/A	10.512	7
12/31/2010		10.836		11.868	7445	12/31/2010	10.512	11.439	30
12/31/2011		11.868		11.598	9738	12/31/2011	11.439	11.106	38
AZL Fusion Conservative Fund
12/31/2009		N/A		10.154	80	12/31/2009	N/A	10.141	0
12/31/2010		10.154		11.111	1982	12/31/2010	10.141	11.025	46
12/31/2011		11.111		11.027	2947	12/31/2011	11.025	10.871	49
AZL Fusion Growth Fund
12/31/2007		N/A		12.813	1535	12/31/2007	N/A	N/A	N/A
12/31/2008		12.813		7.715	1797	12/31/2008	N/A	N/A	N/A
12/31/2009		7.715		10.057	379	12/31/2009	N/A	9.756	0
12/31/2010		10.057		11.197	416	12/31/2010	9.756	10.792	0
12/31/2011		11.197		10.553	500	12/31/2011	10.792	10.105	0
AZL Fusion Moderate Fund
12/31/2007		N/A		12.396	1150	12/31/2007	N/A	N/A	N/A
12/31/2008		12.396		8.219	1197	12/31/2008	N/A	N/A	N/A
12/31/2009		8.219		10.490	4499	12/31/2009	N/A	10.176	10
12/31/2010		10.490		11.559	24406	12/31/2010	10.176	11.140	97
12/31/2011		11.559		11.075	30947	12/31/2011	11.140	10.605	148

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix B

73

M&E Charge 1.40%						M&E Charge 2.05%
Period or Year Ended	AUV at Beginning of Period		AUV at End of Period		Number of Accumulation Units Outstanding at End of Period	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
AZL Gateway Fund
12/31/2010		N/A		10.102	494	12/31/2010	N/A	10.058	1
12/31/2011		10.102		10.267	855	12/31/2011	10.058	10.156	2
AZL Growth Index Strategy Fund
12/31/2009		N/A		10.067	385	12/31/2009	N/A	10.054	0
12/31/2010		10.067		11.259	6293	12/31/2010	10.054	11.172	69
12/31/2011		11.259		11.104	11161	12/31/2011	11.172	10.947	83
AZL International Index Fund
12/31/2009		N/A		9.761	56	12/31/2009	N/A	9.748	0
12/31/2010		9.761		10.310	248	12/31/2010	9.748	10.230	1
12/31/2011		10.310		8.868	405	12/31/2011	10.230	8.743	2
AZL Invesco Equity and Income Fund
12/31/2007		N/A		12.832	452	12/31/2007	N/A	N/A	N/A
12/31/2008		12.832		9.627	470	12/31/2008	N/A	N/A	N/A
12/31/2009		9.627		11.662	896	12/31/2009	N/A	11.240	0
12/31/2010		11.662		12.850	4038	12/31/2010	11.240	12.305	52
12/31/2011		12.850		12.395	5493	12/31/2011	12.305	11.793	67
AZL Invesco Growth and Income Fund
12/31/2007		N/A		14.291	105	12/31/2007	N/A	N/A	N/A
12/31/2008		14.291		9.462	155	12/31/2008	N/A	N/A	N/A
12/31/2009		9.462		11.537	90	12/31/2009	N/A	10.904	0
12/31/2010		11.537		12.783	276	12/31/2010	10.904	12.004	2
12/31/2011		12.783		12.361	374	12/31/2011	12.004	11.533	2
AZL Invesco International Equity Fund
12/31/2007		N/A		19.830	240	12/31/2007	N/A	N/A	N/A
12/31/2008		19.830		11.438	302	12/31/2008	N/A	N/A	N/A
12/31/2009		11.438		15.150	173	12/31/2009	N/A	14.412	0
12/31/2010		15.150		16.810	307	12/31/2010	14.412	15.888	0
12/31/2011		16.810		15.364	435	12/31/2011	15.888	14.428	1
AZL JPMorgan International Opportunities Fund
12/31/2007		N/A		19.359	276	12/31/2007	N/A	N/A	N/A
12/31/2008		19.359		13.637	302	12/31/2008	N/A	N/A	N/A
12/31/2009		13.637		16.987	119	12/31/2009	N/A	16.265	0
12/31/2010		16.987		17.747	226	12/31/2010	16.265	16.883	0
12/31/2011		17.747		15.154	303	12/31/2011	16.883	14.323	0
AZL JPMorgan U.S. Equity Fund
12/31/2007		N/A		12.939	81	12/31/2007	N/A	N/A	N/A
12/31/2008		12.939		7.824	99	12/31/2008	N/A	N/A	N/A
12/31/2009		7.824		10.316	58	12/31/2009	N/A	9.943	0
12/31/2010		10.316		11.492	165	12/31/2010	9.943	11.004	3
12/31/2011		11.492		11.083	251	12/31/2011	11.004	10.545	7
AZL MFS Investors Trust Fund
12/31/2007		N/A		14.871	169	12/31/2007	N/A	N/A	N/A
12/31/2008		14.871		8.782	282	12/31/2008	N/A	N/A	N/A
12/31/2009		8.782		13.147	89	12/31/2009	N/A	12.754	0
12/31/2010		13.147		14.391	135	12/31/2010	12.754	13.871	3
12/31/2011		14.391		13.877	184	12/31/2011	13.871	13.289	2
AZL Mid Cap Index Fund
12/31/2010		N/A		10.670	266	12/31/2010	N/A	10.624	8
12/31/2011		10.670		10.278	437	12/31/2011	10.624	10.167	9
AZL Money Market Fund
12/31/2007		N/A		11.125	661	12/31/2007	N/A	N/A	N/A
12/31/2008		11.125		11.238	1120	12/31/2008	N/A	N/A	N/A
12/31/2009		11.238		11.106	704	12/31/2009	N/A	10.412	6
12/31/2010		11.106		10.952	2129	12/31/2010	10.412	10.202	36
12/31/2011		10.952		10.801	2756	12/31/2011	10.202	9.995	41

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix B

74

M&E Charge 1.40%						M&E Charge 2.05%
Period or Year Ended	AUV at Beginning of Period		AUV at End of Period		Number of Accumulation Units Outstanding at End of Period	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
AZL Morgan Stanley Global Real Estate Fund
12/31/2007		N/A		10.852	194	12/31/2007	N/A	N/A	N/A
12/31/2008		10.852		5.796	287	12/31/2008	N/A	N/A	N/A
12/31/2009		5.796		8.013	82	12/31/2009	N/A	7.824	0
12/31/2010		8.013		9.550	203	12/31/2010	7.824	9.264	3
12/31/2011		9.550		8.481	279	12/31/2011	9.264	8.174	4
AZL Morgan Stanley Mid Cap Growth Fund
12/31/2007		N/A		16.193	253	12/31/2007	N/A	N/A	N/A
12/31/2008		16.193		8.220	403	12/31/2008	N/A	N/A	N/A
12/31/2009		8.220		12.780	116	12/31/2009	N/A	12.079	0
12/31/2010		12.780		16.698	390	12/31/2010	12.079	15.680	3
12/31/2011		16.698		15.385	536	12/31/2011	15.680	14.354	4
AZL Oppenheimer Discovery Fund
12/31/2007		N/A		12.772	35	12/31/2007	N/A	N/A	N/A
12/31/2008		12.772		7.135	48	12/31/2008	N/A	N/A	N/A
12/31/2009		7.135		9.244	17	12/31/2009	N/A	8.968	0
12/31/2010		9.244		11.744	55	12/31/2010	8.968	11.319	0
12/31/2011		11.744		10.957	132	12/31/2011	11.319	10.492	0
AZL S&P 500 Index Fund
12/31/2007		N/A		9.882	184	12/31/2007	N/A	N/A	N/A
12/31/2008		9.882		6.079	316	12/31/2008	N/A	N/A	N/A
12/31/2009		6.079		7.514	623	12/31/2009	N/A	7.385	0
12/31/2010		7.514		8.489	1117	12/31/2010	7.385	8.289	2
12/31/2011		8.489		8.502	1392	12/31/2011	8.289	8.247	7
AZL Schroder Emerging Markets Equity Fund
12/31/2007		N/A		13.455	392	12/31/2007	N/A	N/A	N/A
12/31/2008		13.455		6.384	584	12/31/2008	N/A	N/A	N/A
12/31/2009		6.384		10.813	153	12/31/2009	N/A	10.558	0
12/31/2010		10.813		11.985	605	12/31/2010	10.558	11.627	3
12/31/2011		11.985		9.778	769	12/31/2011	11.627	9.424	6
AZL Small Cap Stock Index Fund
12/31/2007		N/A		9.329	122	12/31/2007	N/A	N/A	N/A
12/31/2008		9.329		6.353	177	12/31/2008	N/A	N/A	N/A
12/31/2009		6.353		7.821	70	12/31/2009	N/A	7.686	0
12/31/2010		7.821		9.678	280	12/31/2010	7.686	9.449	2
12/31/2011		9.678		9.571	308	12/31/2011	9.449	9.285	4
BlackRock Global Allocation V.I. Fund
12/31/2008		N/A		7.919	152	12/31/2008	N/A	N/A	N/A
12/31/2009		7.919		9.443	3219	12/31/2009	N/A	9.341	14
12/31/2010		9.443		10.220	25882	12/31/2010	9.341	10.044	293
12/31/2011		10.220		9.712	36023	12/31/2011	10.044	9.483	322
Davis VA Financial Portfolio
12/31/2007		N/A		15.832	42	12/31/2007	N/A	N/A	N/A
12/31/2008		15.832		8.373	79	12/31/2008	N/A	N/A	N/A
12/31/2009		8.373		11.657	33	12/31/2009	N/A	10.929	0
12/31/2010		11.657		12.771	22	12/31/2010	10.929	11.896	0
12/31/2011		12.771		11.592	16	12/31/2011	11.896	10.727	0
Fidelity VIP FundsManager 50% Portfolio
12/31/2011		N/A		10.780	211	12/31/2011	N/A	10.387	1
Fidelity VIP FundsManager 60% Portfolio
12/31/2011		N/A		9.691	494	12/31/2011	N/A	9.420	1

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix B

75

M&E Charge 1.40%						M&E Charge 2.05%
Period or Year Ended	AUV at Beginning of Period		AUV at End of Period		Number of Accumulation Units Outstanding at End of Period	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Franklin High Income Securities Fund
12/31/2007		N/A		25.387	62	12/31/2007	N/A	N/A	N/A
12/31/2008		25.387		19.180	61	12/31/2008	N/A	N/A	N/A
12/31/2009		19.180		26.989	161	12/31/2009	N/A	23.553	1
12/31/2010		26.989		30.142	857	12/31/2010	23.553	26.134	20
12/31/2011		30.142		31.080	1209	12/31/2011	26.134	26.773	25
Franklin Income Securities Fund
12/31/2007		N/A		48.490	437	12/31/2007	N/A	N/A	N/A
12/31/2008		48.490		33.635	450	12/31/2008	N/A	N/A	N/A
12/31/2009		33.635		44.972	73	12/31/2009	N/A	39.246	1
12/31/2010		44.972		49.967	81	12/31/2010	39.246	43.323	2
12/31/2011		49.967		50.449	141	12/31/2011	43.323	43.458	3
Franklin Templeton VIP Founding Funds Allocation Fund
12/31/2007		N/A		9.246	450	12/31/2007	N/A	N/A	N/A
12/31/2008		9.246		5.847	589	12/31/2008	N/A	N/A	N/A
12/31/2009		5.847		7.510	259	12/31/2009	N/A	7.389	0
12/31/2010		7.510		8.165	437	12/31/2010	7.389	7.981	3
12/31/2011		8.165		7.927	444	12/31/2011	7.981	7.699	4
Franklin U.S. Government Fund
12/31/2007		N/A		26.205	33	12/31/2007	N/A	N/A	N/A
12/31/2008		26.205		27.800	57	12/31/2008	N/A	N/A	N/A
12/31/2009		27.800		28.262	84	12/31/2009	N/A	24.685	2
12/31/2010		28.262		29.342	490	12/31/2010	24.685	25.462	5
12/31/2011		29.342		30.578	890	12/31/2011	25.462	26.364	6
Mutual Shares Securities Fund
12/31/2007		N/A		24.148	677	12/31/2007	N/A	N/A	N/A
12/31/2008		24.148		14.975	744	12/31/2008	N/A	N/A	N/A
12/31/2009		14.975		18.614	116	12/31/2009	N/A	17.088	0
12/31/2010		18.614		20.410	316	12/31/2010	17.088	18.615	6
12/31/2011		20.410		19.917	465	12/31/2011	18.615	18.048	7
PIMCO EqS Pathfinder Portfolio
12/31/2010		N/A		10.337	39	12/31/2010	N/A	10.292	0
12/31/2011		10.337		9.713	1233	12/31/2011	10.292	9.608	15
PIMCO VIT All Asset Portfolio
12/31/2007		N/A		12.953	73	12/31/2007	N/A	N/A	N/A
12/31/2008		12.953		10.749	91	12/31/2008	N/A	N/A	N/A
12/31/2009		10.749		12.886	470	12/31/2009	N/A	12.419	4
12/31/2010		12.886		14.370	3073	12/31/2010	12.419	13.760	42
12/31/2011		14.370		14.448	4087	12/31/2011	13.760	13.745	55
PIMCO VIT CommodityRealReturn Strategy Portfolio
12/31/2007		N/A		12.816	100	12/31/2007	N/A	N/A	N/A
12/31/2008		12.816		7.103	216	12/31/2008	N/A	N/A	N/A
12/31/2009		7.103		9.913	118	12/31/2009	N/A	9.617	0
12/31/2010		9.913		12.173	458	12/31/2010	9.617	11.732	4
12/31/2011		12.173		10.097	612	12/31/2011	11.732	10.626	5
PIMCO VIT Emerging Markets Bond Portfolio
12/31/2007		N/A		12.287	67	12/31/2007	N/A	N/A	N/A
12/31/2008		12.287		10.347	73	12/31/2008	N/A	N/A	N/A
12/31/2009		10.347		13.324	300	12/31/2009	N/A	12.925	2
12/31/2010		13.324		14.738	2224	12/31/2010	12.925	14.204	32
12/31/2011		14.738		15.454	3104	12/31/2011	14.204	14.798	40
PIMCO VIT Global Advantage Strategy Bond Portfolio
12/31/2011		N/A		9.814	36	12/31/2011	N/A	9.771	0

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix B

76

M&E Charge 1.40%						M&E Charge 2.05%
Period or Year Ended	AUV at Beginning of Period		AUV at End of Period		Number of Accumulation Units Outstanding at End of Period	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
PIMCO VIT Global Bond Portfolio (Unhedged)
12/31/2007		N/A		10.440	102	12/31/2007	N/A	N/A	N/A
12/31/2008		10.440		10.208	143	12/31/2008	N/A	N/A	N/A
12/31/2009		10.208		11.763	171	12/31/2009	N/A	11.411	0
12/31/2010		11.763		12.952	1154	12/31/2010	11.411	12.483	20
12/31/2011		12.952		13.740	1530	12/31/2011	12.483	13.157	23
PIMCO VIT Global Multi-Asset Portfolio
12/31/2009		N/A		10.011	325	12/31/2009	N/A	9.998	0
12/31/2010		10.011		10.992	4428	12/31/2010	9.998	10.908	26
12/31/2011		10.992		10.652	6496	12/31/2011	10.908	10.501	27
PIMCO VIT High Yield Portfolio
12/31/2007		N/A		14.297	57	12/31/2007	N/A	N/A	N/A
12/31/2008		14.297		10.779	61	12/31/2008	N/A	N/A	N/A
12/31/2009		10.779		14.927	383	12/31/2009	N/A	13.965	6
12/31/2010		14.927		16.855	1929	12/31/2010	13.965	15.699	20
12/31/2011		16.855		17.180	2690	12/31/2011	15.699	15.899	21
PIMCO VIT Real Return Portfolio
12/31/2007		N/A		12.324	78	12/31/2007	N/A	N/A	N/A
12/31/2008		12.324		11.295	140	12/31/2008	N/A	N/A	N/A
12/31/2009		11.295		13.187	293	12/31/2009	N/A	12.627	2
12/31/2010		13.187		14.058	1884	12/31/2010	12.627	13.374	57
12/31/2011		14.058		15.482	2945	12/31/2011	13.374	14.633	22
PIMCO VIT Total Return Portfolio
12/31/2007		N/A		14.986	208	12/31/2007	N/A	N/A	N/A
12/31/2008		14.986		15.486	263	12/31/2008	N/A	N/A	N/A
12/31/2009		15.486		17.420	620	12/31/2009	N/A	16.331	8
12/31/2010		17.420		18.572	4986	12/31/2010	16.331	17.299	56
12/31/2011		18.572		18.976	6461	12/31/2011	17.299	17.561	83
PIMCO VIT Unconstrained Bond Portfolio
12/31/2011		N/A		9.802	147	12/31/2011	N/A	9.759	0
Templeton Global Bond Securities Fund
12/31/2007		N/A		32.376	113	12/31/2007	N/A	N/A	N/A
12/31/2008		32.376		33.906	120	12/31/2008	N/A	N/A	N/A
12/31/2009		33.906		39.681	193	12/31/2009	N/A	34.630	2
12/31/2010		39.681		44.783	1208	12/31/2010	34.630	38.828	10
12/31/2011		44.783		43.777	1789	12/31/2011	38.828	37.711	14
Templeton Growth Securities Fund
12/31/2007		N/A		29.538	482	12/31/2007	N/A	N/A	N/A
12/31/2008		29.538		16.799	542	12/31/2008	N/A	N/A	N/A
12/31/2009		16.799		21.718	113	12/31/2009	N/A	19.597	0
12/31/2010		21.718		23.000	214	12/31/2010	19.597	20.619	0
12/31/2011		23.000		21.099	340	12/31/2011	20.619	18.793	0

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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77

APPENDIX C – EFFECTS OF PARTIAL WITHDRAWALS AND LIFETIME PAYMENTS ON THE VALUES AVAILABLE UNDER THE CONTRACT

These calculations show the effects of partial withdrawals and lifetime payments on the Contract’s values. All fractional numbers in these examples have been rounded up to the next whole number.

Partial withdrawals (including Partial Annuitizations and withdrawal charges, but not amounts we withdraw for other Contract charges) reduce the Contract Value on a dollar for dollar basis, and reduce all of the guaranteed values by the percentage of Contract Value withdrawn.

The following example shows the effect on the available guaranteed values assuming a Contract with a $90,000 initial Purchase Payment and a $5,000 free partial withdrawal (before beginning any Lifetime Plus Payments) when the Contract Value and Rider Anniversary Value are $100,000, Benefit Base is $104,040, and Quarterly Anniversary Value is $102,000.

Partial Withdrawal	Contract Value	Traditional Death Benefit Value	Benefit Base (Income Protector)	Rider Anniversary Value (Investment Protector)	Quarterly Anniversary Value (Quarterly Value Death Benefit)
Prior to withdrawal	$ 100,000	$ 90,000	$104,040	$100,000	$102,000
$5,000 withdrawal		–[($5,000/ 100,000) x 114,000)	–[($5,000/ 100,000) x 114,000)	–[($5,000/ 100,000) x 114,000)	–[($5,000/ 100,000)
		x  90,000)]	x 104,040)]	x 100,000)]	X 102,000)]
	– $5,000	=– $4,500	=– $5,202	=– $5,000	=– $5,100
After withdrawal	$ 95,000	$ 85,500	$ 98,838	$ 95,000	$ 96,900

Lifetime Plus Payments under Income Protector reduce the Contract Value on a dollar for dollar basis and reduce other benefits guaranteed values, by the percentage of Contract Value withdrawn. However, Lifetime Plus Payments do not reduce the Benefit Base.

The following example shows the effect of taking the annual maximum payment on your Contract under Income Protector if you are the sole Covered Person, begin Lifetime Plus Payments at age 62 when the Benefit Base is $120,000, and the annual maximum Lifetime Plus Payment is $4,800 (4% of the $120,000 Benefit Base).

Lifetime Plus Payment	Contract Value	Traditional Death Benefit Value	Benefit Base
Before payment	$ 97,000	$ 85,500	$ 120,000
$4,800 payment		–[($4,800/ 97,000) x 85,500)]
	– $4,800	=– $4,231	no change
After payment	$ 92,200	$ 81,269	$ 120,000

An Excess Withdrawal is a withdrawal you take while you are receiving Lifetime Plus Payments, that when added to any other withdrawals taken during the Benefit Year and your annual actual payment, is greater than your current annual maximum lifetime payment. Partial Excess Withdrawals (including withdrawal charges, but not amounts we withdraw for other Contract charges) immediately reduce the Contract Value on a dollar for dollar basis, and reduce all of the guaranteed values by the percentage of Contract Value withdrawn. Partial Excess Withdrawals also reduce the annual maximum Lifetime Plus Payment on the next Benefit Anniversary.

Continuing from the annual maximum Lifetime Plus Payment example, assume you take a $5,000 partial Excess Withdrawal later in the first Benefit Year when the Contract Value is $92,000.

Excess Withdrawal	Contract Value	Traditional Death Benefit Value	Benefit Base	Next anniverary’s annual maximum Lifetime Plus Payment
Prior to withdrawal	$ 92,000	$ 81,269	$ 120,000	$ 4,800
$5,000 withdrawal		–[($5,000/ 92,000) x 81,269)]	–[($5,000/ 92,000) x 120,000)]	–[($5,000/ 92,000) x 4,800)]
	– $5,000	=– $4,417	=– $6,522	=– $261
After withdrawal	$ 87,000	$ 76,852	$ 113,478	$ 4,539

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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APPENDIX D – LIFETIME BENEFITS

We previously offered three Lifetime Benefits. Lifetime Plus Benefit was available from May 1, 2007 through January 25, 2009. Lifetime Plus II Benefit was available from November 12, 2007 through March 31, 2009. Lifetime Plus 10 Benefit was available from July 17, 2008 through March 31, 2009. The additional M&E charge for these benefits during the Accumulation Phase is as follows. There is no additional M&E charge for these benefits during the Annuity Phase.

	Current M&E Charge(1)	Maximum M&E Charge(1)
Additional M&E Charge for Optional Benefits(2)
Lifetime Plus Benefit (available before April 1, 2009)(3)
Single Lifetime Plus Payments	0.70%	1.50%(4)
Joint Lifetime Plus Payments	0.85%	1.65%(5)
Lifetime Plus II Benefit  and Lifetime Plus 10 Benefit  (both available from January 26, 2009 until March 31, 2009)
Single Lifetime Plus Payments	0.95%	1.60%(4)
Joint Lifetime Plus Payments	1.10%	1.75%(5)
Lifetime Plus II Benefit  and Lifetime Plus 10 Benefit (both available before January 26, 2009)
Single Lifetime Plus Payments(6)	0.80%	1.60%(4)
Joint Lifetime Plus Payments(7)	0.95%	1.75%(5)

(1) The M&E charge is an annualized rate that is calculated and assessed on a daily basis as a percentage of each Investment Option’s net asset value. For more information, see section 7, Expenses – Mortality and Expense Risk (M&E) Charge.

(2) We assess the additional M&E charge for these optional benefits during the Accumulation Phase while your benefit is in effect and your Contract Value is positive.

(3) From January 26, 2009 until March 31, 2009, this benefit was only available in Nevada and it did not include the Cumulative Withdrawal Benefit.

(4) This is the maximum charge we could impose if you remove a Covered Person, if a Lifetime Benefit’s guaranteed value is reset, or if you receive an annual payment increase.

(5) This is the maximum charge we could impose if a Lifetime Benefit’s guaranteed value is reset, or if you receive an annual payment increase.

(6) On the Benefit Date, the M&E charge reduces to 0.70% and the maximum M&E charge reduces to 1.50%.

(7) On the Benefit Date, the M&E charge reduces to 0.85% and the maximum M&E charge reduces to 1.65%.

Except as specified in this appendix, the same terms and conditions apply to each Lifetime Benefit. We designed Lifetime Plus Payments to last for the lifetime of the Covered Person(s). If all Covered Persons die or are removed from the Contract before Lifetime Plus Payments begin, your Lifetime Benefit ends and payments are not available to you. In the case of non-spouse Joint Owners, if a Joint Owner dies before payments begin, this benefit ends and payments are not available to you even if the Covered Person is still alive. You can begin payments immediately if the Covered Person(s) meet the minimum exercise age requirement (see “Requesting Lifetime Plus Payments”). You choose your payment frequency and amount subject to an annual maximum. Once established, the annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) can increase, but it cannot decrease unless you take an Excess Withdrawal.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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There are several important points to note about Lifetime Benefits.

· If you do not begin receiving Lifetime Plus Payments during the eligibility period, your benefit ends and you will have paid for the benefit without receiving any of its advantages.

· Joint Lifetime Plus Payments are not available under Lifetime Plus Benefit or Lifetime Plus II Benefit if there is more than a 40-year age difference between spouses. Joint Lifetime Plus Payments are not available under Lifetime Plus 10 Benefit if there is more than a 25-year age difference between spouses.

· Lifetime Benefits do not create Contract Value or guarantee the performance of any Investment Option.

· If you select the No Withdrawal Charge Option, you can only remove a Lifetime Benefit as discussed under “Removing a Lifetime Benefit.”

· We restrict Contract Value allocations and transfers, and rebalance your Contract Value quarterly. These restrictions support the benefit’s guarantees, and to the extent they limit your investment flexibility, they may limit the upside potential to your Contract Value and Benefit Base.

· If your Lifetime Benefit includes the Cumulative Withdrawal Benefit(1) and you take less than the annual maximum Lifetime Plus Payment, you may not receive an annual payment increase. Allocations to the Cumulative Withdrawal Benefit (the difference between your annual maximum Lifetime Plus Payment and the annual actual Lifetime Plus Payment you receive) do not earn interest or participate in your selected Investment Options’ performance, and are not available to your Beneficiaries(2) upon death. (See the “Cumulative Withdrawal Benefit” discussion later in this appendix.)

(1) The Cumulative Withdrawal Benefit was not available in Nevada.

(2) If you selected joint Lifetime Plus Payments and the surviving spouse who is also the joint Covered Person continues the Contract, the Cumulative Withdrawal Value is available to your spouse.

NOTE:

· For the flexible rebalancing program: The program is not available while your Lifetime Benefit is in effect. However, you can participate in the flexible rebalancing program after the rider termination date if you remove a Lifetime Benefit from your Contract.

· For partial withdrawals: You cannot take a partial withdrawal from specific Investment Options if you select a Lifetime Benefit.

REMOVING A LIFETIME BENEFIT

You can remove a Lifetime Benefit from your Contract before Lifetime Plus Payments begin. If you select the No Withdrawal Charge Option, you can only remove a Lifetime Benefit if you simultaneously replace it with Investment Protector (see section 11, Selection of Optional Benefits – Replacing Optional Benefits).

You can remove a Lifetime Benefit by completing the appropriate form. We remove your benefit from your Contract on the Contract Anniversary (or on the next Business Day if the anniversary is not a Business Day) that occurs immediately after we receive your request in Good Order at our Service Center, and the rider termination date is that Contract Anniversary. For the request to be in Good Order, we must receive this form no earlier than 30 days before a Contract Anniversary, and no later than 4 p.m. Eastern Time on the last Business Day before the Contract Anniversary. On the rider termination date, we no longer assess the Lifetime Benefit’s additional M&E charge, and the restrictions on Contract Value allocations and transfers no longer apply. Because the total M&E charge for the Contract changes, we adjust the number of accumulation units so that the Contract Value on the rider termination date remains the same. Because the performance of the Investment Options causes the accumulation unit values to fluctuate, the adjustment to the number of accumulation units may be positive or negative.

Although you cannot remove a Lifetime Benefit on or after the Benefit Date, you can end your selected benefit by:

· taking an Excess Withdrawal of the total Contract Value (your Contract Value must be greater than the Cumulative Withdrawal Value*); or

· requesting a Full Annuitization.

* The Cumulative Withdrawal Benefit was not available in Nevada.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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COVERED PERSON(S)

We base Lifetime Plus Payments on the lives of the Covered Person(s). Their ages determined availability of the benefit, when lifetime payments can begin and the initial annual maximum lifetime payment. When you selected a benefit, you chose whether you wanted payments based on your life (single Lifetime Plus Payments), or the lifetime of you and your spouse (joint Lifetime Plus Payments). However, joint Lifetime Plus Payments are not available under Lifetime Plus Benefit or Lifetime Plus II Benefit if there is more than a 40-year age difference between spouses; and joint Lifetime Plus Payments are not available under Lifetime Plus 10 Benefit if there is more than a 25-year age difference between spouses. Based on your payment selection, we determine the Covered Persons as follows.

For single Lifetime Plus Payments and:

· solely owned Contracts, the Covered Person is the Owner.

· jointly owned Contracts, you can choose which Owner is the Covered Person.

· Contracts owned by a non-individual, the Covered Person is the Annuitant.

For joint Lifetime Plus Payments, Covered Persons must be spouses and:

· Non-Qualified Contracts:

– spouses must be Joint Owners; or

– one spouse must be the Annuitant and the other spouse must be the sole primary Beneficiary if the sole Owner is a non-individual; or

– one spouse must be the sole Owner and Annuitant and the other spouse must be the sole primary Beneficiary.

· Qualified Contracts:

– one spouse must be the sole Owner and Annuitant and the other spouse must be the sole primary Beneficiary; or

– if the owner is a non-individual, then one spouse must be the Annuitant and the other spouse must be the sole primary Beneficiary; or

– if the owner is a non-individual and we require the non-individual Owner to also be the sole primary Beneficiary, then one spouse must be the Annuitant and the other spouse must be the sole contingent Beneficiary.

You cannot add or replace a Covered Person. However, you can remove a joint Covered Person before the Benefit Date on a Contract Anniversary, or after the Benefit Date on a Benefit Anniversary by completing the appropriate form and sending it to us within 30 days before the anniversary. We process your request on the Contract Anniversary* (or Benefit Anniversary) that occurs immediately after we receive your request in Good Order at our Service Center. Removing a joint Covered Person does not change Lifetime Plus Payments, but it may change your M&E charge. For Contracts issued in Nevada, if you remove a joint Covered Person we change your additional M&E charge to 0.70% for Lifetime Plus Benefit with single Lifetime Plus Payments. For Contracts issued in all other states, if you remove a joint Covered Person we reserve the right to declare a new additional M&E charge. Any new additional M&E charge cannot be greater than the maximum for your Lifetime Benefit with single Lifetime Plus Payments stated at the beginning of this appendix. If we change the additional M&E charge, we adjust the number of accumulation units so that the Contract Value on the anniversary that we process your request remains the same. Because the performance of the Investment Options causes the accumulation unit values to fluctuate, the adjustment to the number of accumulation units may be positive or negative.

* Or on the next Business Day if the Contract Anniversary or Benefit Anniversary is not a Business Day.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix D

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NOTE:

· A person no longer qualifies as a Covered Person and is removed from the Contract if that person is no longer an Owner, Joint Owner, Annuitant, sole primary Beneficiary, or sole contingent Beneficiary as required here.

· For non-spouse Joint Owners selecting single Lifetime Plus Payments: Upon the death of any Owner, we pay any applicable death benefit, and your Lifetime Benefit and any Lifetime Plus Payments end if the Contract Value is positive. This means that upon an Owner’s death, Lifetime Plus Payments are no longer available even if the sole Covered Person is still alive.

· For joint Lifetime Plus Payments: Covered Persons must continue to qualify as spouses under federal law while your benefit is in effect. If at any time before this you are no longer spouses, you must immediately send us notice. We either divide the Contract in accordance with any applicable court order or law regarding division of assets upon divorce, or remove a Covered Person from the Contract. At this time, we may change the additional M&E charge for your Lifetime Benefit as discussed in this appendix. However, any new additional M&E charge cannot be greater than the maximum stated at the beginning of this appendix. When we receive notification of an Owner’s death, if we discover that the joint Covered Persons were not federally recognized spouses at the time of death, spousal continuation of the Contract is not available. Therefore, your benefit, any Lifetime Plus Payments and the Contract all end.

· For Contracts issued to civil union partners in New Jersey: We allow civil union partners to be Joint Owners and/or joint Covered Persons. However, civil union partners are treated differently from persons who are recognized as spouses under the federal tax law and this affects how long Lifetime Plus Payments continue. Upon the death of one federally recognized spouse, the survivor can continue the Contract and lifetime payments also continue if the survivor is a Covered Person. This type of continuation is generally not allowed for a surviving civil union partner under the federal tax law with the following exception. If the Contract Value reduces to zero before the one year anniversary of the first civil union partner’s death, Lifetime Plus Payments can continue if the survivor is a Covered Person and the survivor chooses not to take the death benefit. If instead the Contract Value is positive at this time, or if the survivor chooses to take the death benefit, Lifetime Plus Payments end.

LIFETIME PLUS PAYMENT OVERVIEW

We base your initial Lifetime Plus Payment on the Benefit Base and payment percentage. When payments begin, the Benefit Base is the greater of:

· Contract Value as of the end of the last Business Day before the Benefit Date,

· Quarterly Anniversary Value, or

· for Lifetime Plus Benefit, an annual 5% compounded interest applied to Purchase Payments adjusted for withdrawals for up to ten years. Each Contract Anniversary before the older Covered Person’s 81st birthday you can reset the compounded interest to equal the Contract Value, if greater (5% Annual Increase). The 5% Annual increase is subject to a maximum of two times Purchase Payments adjusted for withdrawals received ten years ago (Enhanced 10-Year Value).

· for Lifetime Plus II Benefit, the Highest Annual Increase, which is the greatest of all the Enhanced 5% Annual Increases. The Enhanced 5% Annual Increase is similar to Lifetime Plus Benefit’s 5% Annual Increase, the only difference is that annual resets are automatic and establish a new Enhanced 5% Annual Increase and Enhanced 10-Year Value.

· for Lifetime Plus 10 Benefit, a quarterly simple interest of 2.5% applied to Purchase Payments adjusted for withdrawals for up to 20 years. Each quarter we reset the simple interest to equal the Contract Value, if greater (10% Annual Increase).

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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We determine your payment percentage by using the Lifetime Plus Payment Table for your selected benefit. We established your Contract’s Lifetime Plus Payment Table on the rider effective date and we cannot change it.

Lifetime Plus Payment Table for Lifetime Plus Benefit or Lifetime PlusIIBenefit
Age band of the Covered Person (or younger Covered Person for joint Lifetime Plus Payments)	Annual maximum Lifetime Plus Payment percentage (or annual Lifetime Plus Payment percentage for Contracts issued in Nevada)
50 - 59	4%
60 - 69	5%
70 - 79	6%
80+	7%

Lifetime Plus Payment Table for Lifetime Plus 10 Benefit
Age band of the Covered Person (or younger Covered Person for joint Lifetime Plus Payments)	Annual maximum Lifetime Plus Payment percentage
65 - 79	5%
80+	6%

In all states except Nevada, the annual maximum Lifetime Plus Payment is the amount you are entitled to receive each year, but you can choose to take less. In Nevada you cannot choose to take less than the annual Lifetime Plus Payment. Your annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) may increase based on the Covered Person’s age and/or if the Contract Value increases. However, your payment does not increase annually just as a result of the Covered Person moving into a new age band; the result of the current Contract Value multiplied by the increased payment percentage must be greater than your current annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) for your payment to increase. For more information, see the “Automatic Annual Lifetime Plus Payment Increases.”

BENEFIT BASE

The Benefit Base determines your initial annual maximum Lifetime Plus Payment (or initial annual Lifetime Plus Payment in Nevada). The greater the Benefit Base, the greater the initial annual maximum Lifetime Plus Payment (or initial annual Lifetime Plus Payment for Contracts issued in Nevada).

On the rider effective date, and on each Business Day before the Benefit Date, the Benefit Base is equal to the greatest of:

· the Quarterly Anniversary Value,

· for Lifetime Plus Benefit, the 5% Annual Increase (including the Enhanced 10-Year Value),

· for Lifetime Plus II Benefit, the Highest Annual Increase (including the Enhanced 5% Annual Increase and the Enhanced 10-Year Value), or

· for Lifetime Plus 10 Benefit, the 10% Annual Increase.

On the Benefit Date, we compare your Benefit Base to the Contract Value using the values determined at the end of the prior Business Day and increase your Benefit Base to equal this Contract Value if it is greater.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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On and after the Benefit Date, your Benefit Base only changes if you take an Excess Withdrawal, or we increase your annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada). Excess Withdrawals reduce your Benefit Base by the percentage of Contract Value withdrawn, determined at the end of the Business Day we process the withdrawal. An annual payment increase may increase or decrease your Benefit Base at the end of the last Business Day before a Benefit Anniversary as follows.

· If we increase your annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) because the Contract Value increased, we increase your Benefit Base by the same percentage that we increased the payment.

· If we increase your annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) because the current payment percentage multiplied by the current Contract Value results in a higher payment, we change your Benefit Base to equal this Contract Value. This change may increase or decrease your Benefit Base.

NOTE: For Bonus Option Contracts, bonus amounts are not included in the parts of the Quarterly Anniversary Value, 5% Annual Increase, Enhanced 5% Annual Increase, Enhanced 10-Year Value or 10% Annual Increase that are based on Purchase Payments, and are also not included in the parts of these values that are based on Contract Value until they are vested.

QUARTERLY ANNIVERSARY VALUE

While your Lifetime Benefit is in effect, we only calculate the Quarterly Anniversary Value before the Benefit Date.

If the rider effective date is the Issue Date, the Quarterly Anniversary Value is initially equal to the Purchase Payment received on the Issue Date. If the rider effective date occurs after the Issue Date, the Quarterly Anniversary Value is initially equal to the Contract Value at the end of the prior Business Day.

At the end of each Business Day, we adjust the Quarterly Anniversary Value as follows.

· We increase it by the amount of any additional Purchase Payments.

· We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

On each Quarterly Anniversary, we compare the Quarterly Anniversary Value to the Contract Value using the values determined at the end of the prior Business Day and increase the Quarterly Anniversary Value to equal this Contract Value if it is greater.

LIFETIME PLUS BENEFIT AND LIFETIME PLUS II BENEFIT VALUE DIFFERENCES

The primary difference between the benefit values provided by the Lifetime Plus Benefit and Lifetime Plus II Benefit is the reset feature. Resets occur on Contract Anniversaries and lock in any Contract Value increases to the values provided by the 5% Annual Increase, Enhanced 5% Annual Increase and Enhanced 10-Year Value. Resets under Lifetime Plus Benefit are manual (you must request them), are only available before age 81, and replace the prior 5% Annual Increase and Enhanced 10-Year Value. Resets under Lifetime Plus II Benefit are automatic, can occur until age 90, and do not replace prior values; each automatic reset establishes both a new Enhanced 5% Annual Increase and Enhanced 10-Year Value. Other than that, the calculation for the 5% Annual Increase and Enhanced 5% Annual Increase is the same. The Highest Annual Increase under the Lifetime Plus II Benefit is the greatest of all the Enhanced 5% Annual Increases.

5% ANNUAL INCREASE AND ENHANCED 5% ANNUAL INCREASE

While your Lifetime Plus Benefit or Lifetime Plus II Benefit is in effect, we only calculate the 5% Annual Increase or Enhanced 5% Annual Increase (the annual increases) before the Benefit Date.

If the rider effective date is the Issue Date, the annual increases are initially equal to the Purchase Payment received on the Issue Date. If the rider effective date occurs after the Issue Date, the annual increases are initially equal to the Contract Value at the end of the prior Business Day.

At the end of each Business Day before the tenth rider anniversary (or tenth reset anniversary), we adjust each annual increase as follows.

· We increase it by the amount of any additional Purchase Payments.

· We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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On the first rider anniversary (or first reset anniversary), each annual increase is equal to:

b + (1.05 x (a – b))

Where:

a = The annual increase at the end of the prior Business Day; and

b = Purchase Payments* received during the last Contract Year. If the rider effective date is the Issue Date and there has not been a reset, we exclude from “b” any Purchase Payments received within 90 days of the Issue Date.

On the second through ninth rider anniversaries (or second through ninth reset anniversaries), each annual increase is equal to:

d + [1.05 x ((c – d) + (0.05 x e)]

Where:

c = The annual increase at the end of the prior Business Day;

d = Purchase Payments* received during the last Contract Year; and

e = Purchase Payments* received during the Contract Year that began two years ago. If the rider effective date is the Issue Date and there has not been a reset, we exclude from “e” any Purchase Payments received within 90 days of the Issue Date.

* We reduce each Purchase Payment by the percentage of any Contract Value withdrawn, determined at the end of each Business Day. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

On each Business Day on or after the tenth rider anniversary (or tenth reset anniversary), each annual increase is equal to the Enhanced 10-Year Value established on the same date.

NOTE: To receive the maximum benefit, you must wait to begin Lifetime Plus Payments until the 11th Contract Anniversary after we receive your last Purchase Payment, or the 11th reset anniversary. If the older Covered Person was age 80 on the rider effective date and you want to receive this maximum benefit, you have less than one year to begin Lifetime Plus Payments after this waiting period before the benefit ends.

ENHANCED 10-YEAR VALUE

While your Lifetime Plus Benefit or Lifetime Plus II Benefit is in effect, we only calculate the Enhanced 10-Year Values before the Benefit Date.

The Enhanced 10-Year Value acts as both an increase and a cap to the annual increases. If you begin Lifetime Plus Payments on or after the tenth rider anniversary (or on or after the tenth reset anniversary), the Enhanced 10-Year Value is at least equal to twice its initial value, which is either the initial Purchase Payment or Contract Value depending on when you selected the benefit and any resets. Before the tenth rider anniversary (or tenth reset anniversary), we do not use the Enhanced 10-Year Value to calculate the Benefit Base that determines your Lifetime Plus Payments.

If the rider effective date is the Issue Date, the Enhanced 10-Year Value is initially equal to twice the Purchase Payment received on the Issue Date. If the rider effective date occurs after the Issue Date, the Enhanced 10-Year Value is initially equal to twice the Contract Value at the end of the prior Business Day.

At the end of each Business Day we adjust each Enhanced 10-Year Value as follows.

· We increase it by the amount of any additional Purchase Payments.

· We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

If the rider effective date is the Issue Date and there has not been a reset, then on the first Contract Anniversary the Enhanced 10-Year Value is equal to:

· the Enhanced 10-Year Value at the end of the prior Business Day,

· plus Purchase Payments* received within 90 days of the Issue Date excluding the payment received on the Issue Date.

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On the eleventh and later rider anniversaries (or eleventh and later reset anniversaries) each Enhanced 10-Year Value is equal to:

· the Enhanced 10-Year Value at the end of the prior Business Day,

· plus Purchase Payments* received during the Contract Year that began eleven years ago. If you selected Lifetime Plus Benefit at issue and there has not been a reset, then on the eleventh Contract Anniversary only we exclude Purchase Payments received within 90 days of the Issue Date.

* We reduce each Purchase Payment by the percentage of any Contract Value withdrawn, determined at the end of each Business Day. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

NOTE: If the older Covered Person was age 80 on the rider effective date, any Purchase Payments received more than 91 days after the rider effective date do not double under the Enhanced 10-Year Value before your Lifetime Benefit ends.

MANUAL RESETS UNDER LIFETIME PLUS BENEFIT

While your Lifetime Plus Benefit is in effect, and before the older Covered Person’s 81st birthday or the Benefit Date, you can reset the 5% Annual Increase to equal the Contract Value if the Contract Value is greater than the sum of the 5% Annual Increase on the most recent Contract Anniversary plus 5% of all Purchase Payments received during the last Contract Year (excluding Purchase Payments received before the first Quarterly Anniversary if this is the first Contract Anniversary). You can request a reset within 30 days following a Contract Anniversary by completing the appropriate form. We process your reset request as of the immediately preceding Contract Anniversary (reset date) once we receive your request in Good Order at our Service Center. If the reset date does not fall on a Business Day, we process your request on the next Business Day. When we process your reset request, we change the 5% Annual Increase to equal the Contract Value determined at the end of the last Business Day before the reset date. We also increase the Enhanced 10-Year Value to equal two times the Contract Value determined at the end of the last Business Day before the reset date.

For Contracts issued in Nevada, if you reset the 5% Annual Increase we do not change Lifetime Plus Benefit’s additional M&E charge. For Contracts issued in all other states, we reserve the right to declare a new additional M&E charge for Lifetime Plus Benefit upon a manual reset. Any new additional M&E charge cannot be greater than the maximum stated at the beginning of this appendix. Any M&E charge change occurs on the 30th day after the reset date, or the next Business Day if the 30th day is not a Business Day. If we change the additional M&E charge, we simultaneously adjust the number of accumulation units so that the Contract Value remains the same. Because Investment Option performance changes accumulation unit values, this adjustment may be positive or negative.

AUTOMATIC RESETS UNDER LIFETIME PLUS II BENEFIT

While your Lifetime Plus II Benefit is in effect, and before the older Covered Person’s 91st birthday or Benefit Date, we automatically reset the Enhanced 5% Annual Increase to equal the Contract Value if twice the Contract Value is greater than the most recently established Enhanced 10-Year Value plus all Purchase Payments received within the previous ten Contract Years, but received on or after the most recent reset date, excluding Purchase Payments received within 90 days of the Issue Date. This reset establishes a new additional Enhanced 5% Annual Increase equal to the Contract Value determined at the end of the last Business Day before the reset date. We also establish a new additional Enhanced 10-Year Value equal to two times the Contract Value determined at the end of the last Business Day before the reset date. An automatic reset does not cancel any previously established Enhanced 5% Annual Increases or their associated Enhanced 10-Year Values. Resets can establish several Enhanced 5% Annual Increases and associated Enhanced 10-Year Values. We continue to calculate all previously established Enhanced 5% Annual Increases and Enhanced 10-Year Values and use them to determine the Highest Annual Increase.

Upon an automatic reset, we reserve the right to declare a new additional M&E charge for Lifetime Plus II Benefit. Any new additional M&E charge cannot be greater than the maximum stated at the beginning of this appendix. Any M&E charge change occurs on the 60th day after the reset date, or on the next Business Day if the 60th day is not a Business Day. If the new additional M&E charge is less than the prior charge, then we make the change and send you a confirmation letter. However, if Lifetime Plus II Benefit’s additional M&E charge increases, we send you written notice of the intended increase and provide you at least 30-days to decline the reset. If you decline the reset, you will not receive any future automatic resets, but you keep all previous resets (including this reset) and their associated Enhanced 5% Annual Increases and Enhanced 10-Year Values. If you do not contact us and decline the increase to the additional M&E charge during the 30-day notice period, we assume you have accepted the increase and we make the change. If you accept an increase to Lifetime Plus II Benefit’s additional M&E charge, then you continue to be eligible to receive future resets.

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If we change Lifetime Plus II Benefit’s additional M&E charge, we simultaneously adjust the number of accumulation units so that the Contract Value remains the same. Because Investment Option performance changes accumulation unit values, this adjustment may be positive or negative.

LIFETIME PLUS 10 BENEFIT’S 10% ANNUAL INCREASE

While your Lifetime Plus 10 Benefit is in effect, we only calculate the 10% Annual Increase before the Benefit Date.

On each Quarterly Anniversary for up to a maximum of 20 years, we apply a simple interest increase of 2.5% to the Purchase Payments adjusted for withdrawals (or the Contract Value on the rider effective date, if applicable). Next, we compare this value to the Contract Value and increase it to equal the Contract Value if the Contract Value is greater (reset). We then apply any future simple interest increases to the reset value. Contract Value resets occur during the entire period we calculate the Annual Increase, and are not subject to the 20 year maximum. A reset may result in an increase to the additional M&E charge as described later in this appendix.

If the rider effective date is the Issue Date, both the 10% Annual Increase and increase base are initially equal to the Purchase Payment received on the Issue Date. If the rider effective date occurs after the Issue Date, both the 10% Annual Increase and increase base are initially equal to the Contract Value at the end of the prior Business Day.

At the end of each Business Day, we adjust both the 10% Annual Increase and increase base as follows.

· We increase them by the amount of any additional Purchase Payments.

· We reduce them by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

On each Quarterly Anniversary on or before the 20th rider anniversary, the 10% Annual Increase is equal to:

a + 0.025 (b – c)

Where:

a = The 10% Annual Increase at the end of the prior Business Day;

b = The increase base at the end of the prior Business Day; and

c = Purchase Payments* received on or after the prior Quarterly Anniversary. If you select this benefit at issue, we exclude from “c” any Purchase Payments received before the first Quarterly Anniversary.

* We reduce each Purchase Payment by the percentage of any Contract Value withdrawn, determined at the end of each Business Day. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

We then compare this 10% Annual Increase to the Contract Value at the end of the prior Business Day and increase both the 10% Annual Increase and the increase base to equal this Contract Value if it is greater. As previously stated, these resets can occur during the entire period we calculate the 10% Annual Increase.

Upon a reset, we reserve the right to declare a new additional M&E charge for the Lifetime Plus 10 Benefit. Any new additional M&E charge cannot be greater than the maximum stated at the beginning of this appendix. Any M&E charge change occurs on the 60th day after the reset date, or on the next Business Day if the 60th day is not a Business Day. If the new additional M&E charge is less than the prior charge, then we make the change and send you a confirmation letter. However, if Lifetime Plus 10 Benefit’s additional M&E charge increases, we send you written notice of the intended increase and provide you at least 30-days to decline the reset. If you decline the reset, you will not receive any future automatic resets, but you keep all previous resets (including this reset). If you do not contact us and decline the increase to the additional M&E charge during the 30-day notice period, we assume you have accepted the increase and we make the change. If you accept an increase to Lifetime Plus 10 Benefit’s additional M&E charge, then you continue to be eligible to receive future resets.

If we change Lifetime Plus 10 Benefit’s additional M&E charge, we simultaneously adjust the number of accumulation units so that the Contract Value remains the same. Because Investment Option performance changes accumulation unit values, this adjustment may be positive or negative.

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REQUESTING LIFETIME PLUS PAYMENTS

You request Lifetime Plus Payments by completing a payment election form. Lifetime Plus Payments begin on the Benefit Date, which must be either the 1st or 15th of a calendar month. Your Benefit Date is the next available date that occurs at least 15 calendar days after we receive your request in Good Order at our Service Center. At least one Covered Person must be alive on the Benefit Date in order for Lifetime Plus Payments to begin. You cannot submit this form until the younger Covered Person reaches the exercise age, or once the older Covered Person reaches age 91. The exercise age for Lifetime Plus Benefit and Lifetime Plus II Benefit is age 50, and for Lifetime Plus 10 Benefit it is age 65.

You can receive Lifetime Plus Payments semi-monthly, monthly, quarterly, semi-annually, or annually. If the scheduled payment date does not fall on a Business Day, we make the payment on the next Business Day.

You can change your payment frequency once each Benefit Year while your Contract Value is positive*. Once your Contract Value reduces to zero, you receive your maximum Lifetime Plus Payment at the previous selected payment frequency. You must provide notice of any requested payment frequency change to our Service Center at least 30 days before the Benefit Anniversary. If the change is available, we implement it on the Benefit Anniversary and it remains in effect until the benefit ends or you request another change.

* For Contracts issued in Nevada you can continue to change your payment frequency after the Contract Value reduces to zero.

If your Contract Value reduces to zero for any reason other than a withdrawal while this benefit is in effect and before the Benefit Date, we calculate your annual maximum Lifetime Plus Payment and begin making annual payments to you on the next available Benefit Date. If the Benefit Date has not occurred six months before the older Covered Person reaches age 91, we send you written notice that the benefit is about to end. If the benefit ends before Lifetime Plus Payments begin, you will have paid for the benefit without receiving any of its advantages.

Once Lifetime Plus Payments begin:

· You can no longer remove your selected Lifetime Benefit from the Contract.

· You cannot take new Partial Annuitizations.

· You cannot make additional Purchase Payments so the Traditional Death Benefit value (if applicable) no longer increases.

· Any active automatic investment plan and/or systematic withdrawal or dollar cost averaging programs end.

· The free withdrawal privilege is not available.

· You can only change the Owner if you selected joint Lifetime Plus Payments and:

– an Owner dies and the spouse continues the Contract, or

– you remove a joint Covered Person who is also a Joint Owner from the Contract. In this case, the remaining Covered Person must become the new sole Owner.

· If you selected Lifetime Plus Benefit, the additional M&E charge continues until the benefit ends, or the Business Day the Contract Value reduces to zero.

· If you selected Lifetime Plus II Benefit or Lifetime Plus 10 Benefit and your rider effective date is before January 26, 2009, the additional M&E charge decreases as indicated at the beginning of this appendix, and it continues until the benefit ends, or the Contract Value reduces to zero.

· If you selected Lifetime Plus II Benefit or Lifetime Plus 10 Benefit and your rider effective date is from January 26, 2009 until March 31, 2009, the additional M&E charge continues until the benefit ends, or the Contract Value reduces to zero.

· If you selected the Quarterly Value Death Benefit, its additional M&E charge continues until that benefit ends.

· If you take a Full Annuitization, Lifetime Plus Payments stop and your Lifetime Benefit ends.

· The Contract Value continues to fluctuate as a result of Investment Option performance, and it decreases on a dollar for dollar basis with each Lifetime Plus Payment, Cumulative Withdrawal* and any Excess Withdrawal, and the deduction of Contract charges other than the M&E charge.

· Lifetime Plus Payments and Cumulative Withdrawals* do not reduce your Benefit Base, but Excess Withdrawals reduce your Benefit Base and annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment for Contracts issued in Nevada) by the percentage of Contract Value withdrawn (including any withdrawal charge). Excess Withdrawals may cause your Lifetime Plus Payments to stop and your Lifetime Benefit to end.

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· Each Lifetime Plus Payment, Cumulative Withdrawal* and any Excess Withdrawal reduces the Traditional Death Benefit value (or the Quarterly Anniversary Value under the Quarterly Value Death Benefit, if applicable) by the percentage of Contract Value withdrawn (including any withdrawal charge).

· We may increase your annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment for Contracts issued in Nevada) on every Benefit Anniversary before the older Covered Person reaches age 91. If you receive a payment increase, we may also change your Benefit Base and we reserve the right to change your Lifetime Benefit’s additional M&E charge** subject to the maximum additional M&E charge stated at the beginning of this appendix.

* The Cumulative Withdrawal Benefit was not available in Nevada.

** We do not increase your Lifetime Benefit’s additional M&E charge for Contracts issued in Nevada.

NOTE: If the older Covered Person was age 80 on the rider effective date, we extend the latest available Benefit Date by 30 calendar days in order to allow you to receive the maximum benefit from the Benefit Base values.

CALCULATING YOUR LIFETIME PLUS PAYMENTS

The annual maximum Lifetime Plus Payment is the amount you are entitled to receive each Benefit Year for Contracts issued in all states except Nevada. For Contracts issued in Nevada, the Cumulative Withdrawal Benefit is not available and the amount you are entitled to receive each Benefit Year is the annual Lifetime Plus Payment. On the Benefit Date, the initial annual maximum Lifetime Plus Payment (or initial annual Lifetime Plus Payment in Nevada) is equal to the Benefit Base multiplied by the current payment percentage, determined by using the Lifetime Plus Payment Table (see “Lifetime Plus Payment Overview” earlier in this appendix). On the Benefit Date, if your initial annual maximum Lifetime Plus Payment (or initial annual Lifetime Plus Payment in Nevada) is less than $100, your benefit ends.

For Contracts issued in all states except Nevada, the annual maximum Lifetime Plus Payment is the amount you are entitled to, but the Cumulative Withdrawal Benefit allows you to take less. The annual actual Lifetime Plus Payment is the total amount you choose to receive each year. Each Lifetime Plus Payment you receive is equal to the annual actual Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) divided by the number of payments you chose to receive during the Benefit Year. The initial actual Lifetime Plus Payment must either be zero, or at least $100. For Contracts issued in Nevada, the initial Lifetime Plus Payment must be least $100.

We deduct each Lifetime Plus Payment, Cumulative Withdrawal,* Excess Withdrawal, and any additional payments resulting from a required minimum distribution, proportionately from the Investment Options. We continue to rebalance the Contract Value quarterly among the Investment Options according to your future Purchase Payment allocation instructions while your benefit is in effect. You can also continue to make transfers between the Investment Options while your benefit is in effect, subject to the restrictions set out in section 5, Investment Options – Transfers Between Investment Options, and the “Investment Option Allocation and Transfer Restrictions” discussion later in this appendix.

* The Cumulative Withdrawal Benefit was not available in Nevada.

If your Contract Value reduces to zero for any reason other than an Excess Withdrawal or Full Annuitization, then Lifetime Plus Payments continue until the deaths of all Covered Persons.

Cumulative Withdrawal Benefit for Contracts issued in all states except Nevada

Cumulative Withdrawal Benefit allows you to control the amount of actual Lifetime Plus Payment you receive. Any part of your annual maximum Lifetime Plus Payment that you do not withdraw in a given Benefit Year is added to the Cumulative Withdrawal Value, which is available to you upon request. Cumulative Withdrawal Benefit is automatically part of your Lifetime Benefit and has no additional fee or charge.

You can change the amount of your actual Lifetime Plus Payment once each Benefit Year while your Contract Value is positive. You must provide notice of any requested change to your actual Lifetime Plus Payment amount to our Service Center at least 30 days before the Benefit Date or Benefit Anniversary (as applicable). If the change is available, we implement it on the Benefit Date or Benefit Anniversary and it remains in effect until you request another change, your Contract Value reduces to zero, or your benefit ends. Once your Contract Value reduces to zero you must take the maximum Lifetime Plus Payment at your previously selected payment frequency.

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The Cumulative Withdrawal Value is the total of all annual maximum Lifetime Plus Payments that you did not take. The Cumulative Withdrawal Value does not earn interest and it does not increase or decrease with your selected Investment Options’ performance. It only increases when you take less than your annual maximum Lifetime Plus Payment and it only decreases when you take a Cumulative Withdrawal. The Cumulative Withdrawal Value remains in your Contract until you take a Cumulative Withdrawal. The Cumulative Withdrawal Value is not available to your Beneficiaries upon death, unless your Beneficiary is your spouse, a joint Covered Person and continues the Contract.

You can take withdrawals from your Cumulative Withdrawal Value at any time. Any portion of a withdrawal you take on or after the Benefit Date that is less than or equal to your Cumulative Withdrawal Value is a Cumulative Withdrawal, and any portion that is greater than your Cumulative Withdrawal Value is an Excess Withdrawal. Each Cumulative Withdrawal must be at least $100, or your entire Cumulative Withdrawal Value.

Cumulative Withdrawals are not subject to a withdrawal charge and do not reduce your Withdrawal Charge Basis. Each Cumulative Withdrawal reduces your Contract Value and Cumulative Withdrawal Value on a dollar for dollar basis, and reduces the portion of the Traditional Death Benefit value that is based on Purchase Payments (or the portion of the Quarterly Value Death Benefit value that is based on the Quarterly Anniversary Value, if applicable) by the percentage of Contract Value withdrawn.

If your Contract Value reduces to zero for any reason other than an Excess Withdrawal, we send you any remaining Cumulative Withdrawal Value and your Cumulative Withdrawal Benefit ends. Otherwise your Cumulative Withdrawal Benefit ends when your Lifetime Benefit ends.

Excess Withdrawals

Your annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) only decreases if you take an Excess Withdrawal. For Contracts issued in Nevada, an Excess Withdrawal is a withdrawal you take on or after the Benefit Date in addition to your Lifetime Plus Payments. For Contracts issued in all other states, an Excess Withdrawal is any portion of a withdrawal you take on or after the Benefit Date that is greater than your Cumulative Withdrawal Value. Excess Withdrawals include any applicable withdrawal charge.

Any partial Excess Withdrawal must comply with the restrictions in section 8, Access to Your Money and the following provisions. If your Contract Value is less than $2,000, you can only withdraw the total remaining Contract Value. Also, if at the end of the Business Day that we process your Excess Withdrawal your Contract Value is less than $2,000, you must withdraw the total remaining Contract Value. We also review how each partial Excess Withdrawal would hypothetically reduce your current annual maximum Lifetime Plus Payment. On the Business Day you take a partial Excess Withdrawal, if the current Benefit Base (after reduction for the Excess Withdrawal) multiplied by the age-based payment percentage as of the prior Benefit Anniversary is less than $100, you must withdraw the total remaining Contract Value. If you take an Excess Withdrawal of the total remaining Contract Value your entire Contract ends.

Excess Withdrawals reduce your annual maximum Lifetime Plus Payment on the next Benefit Anniversary after the withdrawal by the percentage of Contract Value withdrawn, determined at the end of the Business Day we process each withdrawal.

NOTE:

· For Qualified Contracts, if we calculate a required minimum distribution (RMD) based on this Contract, after making all Lifetime Plus Payments for the calendar year, we determine whether this calendar year’s total RMD has been satisfied by these payments, Cumulative Withdrawals and any Excess Withdrawals. If the RMD amount has not been satisfied, we send you this remaining amount as one RMD payment by the end of the calendar year. We consider this payment to be a withdrawal, but not an Excess Withdrawal and it is not subject to a withdrawal charge.

· For required annuitizations, if on the maximum permitted Income Date you are receiving Lifetime Plus Payments, we guarantee the following. For Contracts issued in Nevada, we pay you the greater of your Lifetime Plus Payment, or fixed Annuity Payments based on Contract Value under Annuity Option 1 or Annuity Option 3. For Contracts issued in all other states, we pay you the greater of your maximum Lifetime Plus Payment, or fixed Annuity Payments based on the greater of Contract Value or Cumulative Withdrawal Value under Annuity Option 1 or Annuity Option 3. If we pay you the maximum Lifetime Plus Payment on the maximum permitted Income Date, we also send you any remaining Cumulative Withdrawal Value. If you select any other Annuity Option, or if you choose variable Annuity Payments, these guarantees do not apply. For more information, see section 9, The Annuity Phase.

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AUTOMATIC ANNUAL LIFETIME PLUS PAYMENT INCREASES

We may change your annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) on each Benefit Anniversary before the older Covered Person reaches age 91 as follows.

· If the Contract Value at the end of the prior Business Day is greater than the Contract Value from one year ago (which is the end of the last Business Day before the prior Benefit Anniversary, or the Benefit Date if this is the first Benefit Anniversary) we increase next year’s annual maximum Lifetime Plus Payment (or annual Lifetime Plus Payment in Nevada) to the percentage of growth between these two Contract Values. For example, if the Contract Value increased by 5%, we also increase your annual maximum Lifetime Plus Payment by 5%. In all states other than Nevada, this increase is only available if you took the annual maximum Lifetime Plus Payment during the prior Benefit Year.

· If the current payment percentage multiplied by the Contract Value at the end of the prior Business Day results in a higher annual maximum Lifetime Plus Payment (or higher annual Lifetime Plus Payment in Nevada).

For Contracts issued in all states except Nevada: If your actual Lifetime Plus Payment is an exact dollar amount, an automatic annual payment increase does not increase your actual payment. However, if your actual Lifetime Plus Payment is a percentage of your annual maximum Income Advantage Payment, an automatic annual payment increase does increase your actual payment.

For Contracts issued in Nevada, if you receive an annual Lifetime Plus Payment increase we do not change Lifetime Plus Benefit’s additional M&E charge. For Contracts issued in all other states, we reserve the right to declare a new additional M&E charge for your Lifetime Benefit on the next fifth Benefit Anniversary (for example, on the fifth, tenth and fifteenth Benefit Anniversaries) if you receive an annual Lifetime Plus Paymentincrease. Any new additional M&E charge cannot be greater than the maximum stated at the beginning of this appendix. Any M&E charge change occurs on the 60th day after the current fifth Benefit Anniversary, or on the next Business Day if the 60th day is not a Business Day. If the new additional M&E charge is less than the prior charge, then we make the change and send you a confirmation letter. However, if your Lifetime Benefit’s additional M&E charge increases, we send you written notice of the intended increase and provide you at least 30-days to decline the annual payment increase. If you decline the payment increase, you will not receive any future annual Lifetime Plus Payment increases, but you keep all previous increase. If you do not contact us and decline the increase to the additional M&E charge during the 30-day notice period, we assume you have accepted the increase and we make the change. If you accept an increase to your Lifetime Benefit’s additional M&E charge, then you continue to be eligible to receive future annual Lifetime Plus Payment increases.

If we change your Lifetime Benefit’s additional M&E charge, we simultaneously adjust the number of accumulation units so that the Contract Value remains the same. Because Investment Option performance changes accumulation unit values, this adjustment may be positive or negative.

NOTE: Automatic annual Lifetime Plus Payment increases are not available once the older Covered Person reaches age 91, or on or after the Business Day your Contract Value reduces to zero.

INVESTMENT OPTION ALLOCATION AND TRANSFER RESTRICTIONS AND QUARTERLY REBALANCING

Under your Lifetime Benefit, we restrict your Investment Option selection. When you selected your benefit, you agreed to allow us to rebalance your Contract Value quarterly, as described here. We put these restrictions in place to support your Lifetime Benefit’s guarantees and not to meet your investment objectives. To the extent these restrictions limit your investment flexibility, they may limit the upside potential to your Investment Option returns, which may limit your Contract Value and Benefit Base. We established your Contract’s Investment Option allocation and transfer restrictions on the rider effective date and we cannot change them.

If you selected Lifetime Plus II Benefit or Lifetime Plus 10 Benefit and your rider effective date is from January 26, 2009 until March 31, 2009: We require you to allocate 100% of your total Contract Value to Investment Option Group C.

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If your rider effective date is before January 26, 2009:

· You cannot allocate more than 25% of your total Contract Value to Investment Option Group A.

· You cannot allocate more than 70% of your total Contract Value to Investment Option Group A and Group B.

· We do not limit allocations to Investment Option Group C.

Group A Investment Options(1)
AZL Allianz AGIC Opportunity Fund AZL Columbia Small Cap Value Fund AZL Federated Clover Small Value Fund AZL Fusion Growth Fund AZL Morgan Stanley Global Real Estate Fund AZL Oppenheimer Discovery Fund	AZL Schroder Emerging Markets Equity Fund AZL Small Cap Stock Index Fund Davis VA Financial Portfolio Franklin Templeton VIP Founding Funds Allocation Fund PIMCO VIT CommodityRealReturn Strategy Portfolio
(1)If your rider effective date is before January 26, 2009, the following are included in Investment Option Group C, and not in Group A: AZL Fusion Growth Fund, Franklin Income Securities Fund, and Franklin Templeton VIP Founding Funds Allocation Fund.

Group B Investment Options
AZL BlackRock Capital Appreciation Fund AZL Columbia Mid Cap Value Fund AZL Davis New York Venture Fund AZL Dreyfus Research Growth Fund AZL Eaton Vance Large Cap Value Fund AZL International Index Fund AZL Invesco Growth and Income Fund AZL Invesco International Equity Fund AZL JPMorgan International Opportunities Fund	AZL JPMorgan U.S. Equity Fund AZL MFS Investors Trust Fund AZL Mid Cap Index Fund AZL Morgan Stanley Mid Cap Growth Fund AZL S&P 500 Index Fund Mutual Shares Securities Fund PIMCO EqS Pathfinder Portfolio Templeton Growth Securities Fund

Group C Investment Options

AZL Balanced Index Strategy Fund AZL Franklin Templeton Founding Strategy Plus Fund AZL Fusion Balanced Fund AZL Fusion Conservative Fund AZL Fusion Moderate Fund AZL Gateway Fund AZL Growth Index Strategy Fund AZL Invesco Equity and Income Fund AZL Money Market Fund BlackRock Global Allocation V.I. Fund Fidelity VIP FundsManager 50% Portfolio Fidelity VIP FundsManager 60% Portfolio Franklin High Income Securities Fund

Franklin Income Securities Fund Franklin U.S. Government Fund PIMCO VIT All Asset Portfolio PIMCO VIT Emerging Markets Bond Portfolio PIMCO VIT Global Advantage Strategy Bond Portfolio PIMCO VIT Global Bond Portfolio (Unhedged) PIMCO VIT Global Multi-Asset Portfolio PIMCO VIT High Yield Portfolio PIMCO VIT Real Return Portfolio PIMCO VIT Total Return Portfolio PIMCO VIT Unconstrained Bond Portfolio Templeton Global Bond Securities Fund

We may add, remove or substitute Investment Options from this group. We secure all necessary SEC and other governmental approvals before removing or substituting an Investment Option. We may also move Investment Options from a more restrictive group to a less restrictive group, but we cannot move Investment Options the other way. We send you written notice regarding additions, removals or substitutions. When an Investment Option within a group is removed or substituted, we send your written notice 30 days before the removal or substitution date.

While your Lifetime Benefit is in effect and your Contract Value is positive, we rebalance your Contract Value quarterly according to your future Purchase Payment allocation instructions. The rebalancing occurs at the end of the last Business Day before each Quarterly Anniversary. Your Investment Options’ performance may cause your chosen allocations to shift. Quarterly rebalancing helps you maintain your selected allocation mix. There are no fees for the quarterly rebalancing transfers we make, and we do not count them against the free transfers we allow. To change this quarterly rebalancing, you must change your future Purchase Payment allocation instructions. Any requested change to these instructions must comply with the restrictions stated here or we reject your change.

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WHEN A LIFETIME BENEFIT ENDS

Before the Benefit Date, your Lifetime Benefit ends upon the earliest of the following.

· The Business Day we process your request to remove your benefit from your Contract (the rider termination date).

· For single Lifetime Plus Payments where the Contract is jointly owned by non-spouses, the date of death of any Joint Owner. This means your Lifetime Benefit may end even if the sole Covered Person is still alive.

· The date of death of all Covered Persons. If joint Covered Persons were not federally recognized spouses as of the date of the first Covered Person’s death, spousal continuation of the Contract is not available and your benefit ends as of this date of death.

· The older Covered Person’s 91st birthday.

· The Business Day before the Income Date you take a Full Annuitization.

· The Business Day we process your request for a full withdrawal.

· When the Contract ends.

On and after the Benefit Date, your Lifetime Benefit ends on the earliest of the following.

· The Business Day you take an Excess Withdrawal of the total Contract Value.

· The Business Day before the Income Date that you take a Full Annuitization (only available while your Contract Value is positive).

· On the Benefit Date if the initial annual maximum Lifetime Plus Payment (or initial annual Lifetime Plus Payment in Nevada) is less than $100.

· For single Lifetime Plus Payments when the Contract is solely owned or owned by a non-individual, the date of death of the Covered Person.

· For single Lifetime Plus Payments where the Contract is jointly owned, if the Contract Value has been reduced to zero, the date of death of the Covered Person.

· For single Lifetime Plus Payments where the Contract is jointly owned by non-spouses, if the Contract Value has not been reduced to zero, the date of death of any Joint Owner. This means your Lifetime Benefit may end even if the sole Covered Person is still alive.

· For single Lifetime Plus Payments where the Contract is jointly owned by spouses, if the Contract Value has not been reduced to zero, the date of death of any Joint Owner unless the surviving spouse is the Covered Person and continues the Contract. If the surviving spouse who is also the Covered Person continues the Contract, your benefit ends on the date of death of the Covered Person.

· For joint Lifetime Plus Payments, the date of death of the last surviving Covered Person. However, if a Covered Person dies and the surviving spouse who is also a Covered Person elects to receive the death benefit instead of continuing the Contract, then Lifetime Plus Payments stop and your benefit ends as of the end of the Business Day during which we receive in Good Order at the Service Center, both due proof of death and an election of the death benefit payment option. If joint Covered Persons were not federally recognized spouses as of the date of the first Covered Person’s death, spousal continuation of the Contract is not available and your Lifetime Benefitends as of this date of death.

· When the Contract ends.

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APPENDIX E – TARGET DATE BENEFITS

We previously offered two Target Date Benefits. Target Date Retirement Benefit was available from March 17, 2008 through January 25, 2009. Target Date 10 Benefit was available from January 26, 2009 through March 31, 2009. The additional M&E charge for these benefits during the Accumulation Phase is as follows. There is no additional M&E charge for these benefits during the Annuity Phase.

	Additional M&E Charge(1)
Optional Benefits(2)
Target Date 10 Benefit	0.55%
Target Date Retirement Benefit	0.40%

(1) The M&E charge is an annualized rate that is calculated and assessed on a daily basis as a percentage of each Investment Option’s net asset value. For more information, see section 7, Expenses – Mortality and Expense Risk (M&E) Charge.

(2) We assess the additional M&E charge for these optional benefits during the Accumulation Phase while your benefit is in effect and your Contract Value is positive.

NOTE:Your Contract refers to both of these benefits as “Target Date Retirement Benefit Rider.” If your Contract has a minimum of ten Contract Years to the initial Target Value Date, then you have Target Date 10 Benefit; if the minimum is seven, you have Target Date Retirement Benefit.

Except as specified in this appendix, the same terms and conditions apply to each Target Date Benefit. Each Target Date Benefit provides, during the Accumulation Phase, a level of protection for your principal and any annual investment gains through the Target Value which is available at a future point you select, called the Target Value Date. The earliest initial Target Value Date you can select under Target Date 10 Benefit is the tenth rider anniversary and under Target Date Retirement Benefit it is the seventh rider anniversary. Each rider anniversary occurs on a Contract Anniversary. Additional Target Value Dates occur on every subsequent rider anniversary. The Target Value is only guaranteed to be available to you on the last Business Day before each Target Value Date. Beginning on the next Business Day, your Contract Value fluctuates based on your selected Investment Options’ performance, and this is the value available to you upon withdrawal.

There are several important points to note about Target Date Benefits.

· Target Date Benefits do not guarantee Investment Option performance.

· You cannot take a partial withdrawal from specific Investment Options if you select a Target Date Benefit.

· If you select the No Withdrawal Charge Option, you can only remove a Target Date Benefit as discussed under “Removing a Target Date Benefit.”

· We restrict Contract Value allocations and transfers, and rebalance your Contract Value quarterly. These restrictions support the benefit’s guarantees, and to the extent they limit your investment flexibility, they may limit the upside potential to your Contract Value and Target Value.

· You can only make additional Purchase Payments and participate in the automatic investment plan for the first three rider years. In addition, the flexible rebalancing program is not available while your Target Date Benefit is in effect. However, in all states except Massachusetts, these restrictions no longer apply once the benefit ends. For Contract issued in Massachusetts with a Target Date Benefit, you can only make additional Purchase Payments to the Contract for the first three Contract Years even if you subsequently remove your Target Date Benefit or move to another state. Contracts issued in Massachusetts with a Target Date Benefit are issued as limited purchase payment variable deferred annuity contracts.

· The Target Value does not lock in any Contract Value gains that occur between rider anniversaries.

· The Target Value does not provide any guarantee to your Contract Value before the initial Target Value Date, or during the period between Target Value Dates.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix E

94

REMOVING A TARGET DATE BENEFIT

You can remove a Target Date Benefit from your Contract once while the Contract Value is positive. If you select the No Withdrawal Charge Option, you can only remove a Target Date Benefit if you can simultaneously replace it with Income Protector Benefit (see section 11, Selection of Optional Benefits – Replacing Optional Benefits).

You can remove a Target Date Benefit by completing the appropriate form. We remove your benefit from your Contract on the Contract Anniversary (or on the next Business Day if the anniversary is not a Business Day) that occurs immediately after we receive your request in Good Order at our Service Center, and the rider termination date is that Contract Anniversary. For the request to be in Good Order, we must receive this form no earlier than 30 days before a Contract Anniversary, and no later than 4 p.m. Eastern Time on the last Business Day before the Contract Anniversary. On the rider termination date, we no longer assess the Target Date Benefit’s additional M&E charge, and the restrictions on Contract Value allocations and transfers no longer apply. Because the total M&E charge for the Contract changes, we adjust the number of accumulation units so that the Contract Value on the rider termination date remains the same. Because the performance of the Investment Options causes the accumulation unit values to fluctuate, the adjustment to the number of accumulation units may be positive or negative.

On the rider termination date, the restrictions on additional Purchase Payments and Contract Value allocations and transfers no longer apply.

TARGET VALUE DATES

Target Date Benefits guarantee that on each Target Value Date until the benefit ends, your Contract Value cannot be less than the Target Value (described next in this appendix). You selected the initial Target Value Date when you selected your benefit. The earliest available initial Target Value Date under Target Date Retirement Benefit is the seventh rider anniversary, and under Target Date 10 Benefit it is the tenth rider anniversary. The latest date under both benefits is the rider anniversary prior to the older Owner’s 91st birthday (or the Annuitant’s 91st birthday if the Owner is a non-individual). Additional Target Value Dates occur on each subsequent rider anniversary after the initial Target Value Date while your benefit is in effect.

For example, you purchased a Contract with Target Date Retirement Benefit as the sole Owner on September 1, 2009 and you were age 70. The earliest available initial Target Value Date is December 1, 2016 and the latest date is December 1, 2029. If you select the earliest available initial date (December 1, 2016), subsequent Target Value Dates would occur on December 1st in 2017, 2018, 2019, etc.

If your Contract Value is less than the Target Value at the end of the last Business Day before each Target Value Date, we credit your Contract Value with the difference. This credit is available for immediate withdrawal, subject to any applicable withdrawal charge and penalty tax. This is the only day the Target Value is guaranteed to be available to you. Beginning on the next Business Day, your Contract Value fluctuates based on your selected Investment Options’ performance, and this is the value available to you upon withdrawal. We allocate this credit to your selected Investment Options based on the percentage of Contract Value in each Investment Option on the date of the credit. We apply the credit to your Contract after we do any quarterly Contract Value rebalancing. For tax purposes, we treat the credit as earnings under the Contract. However, if the Contract Value at the time of a credit is less than net Purchase Payments (total Purchase Payments less any payments withdrawn), then we may treat some or all of the credit as a Purchase Payment when applying the withdrawal charge if you withdraw the total Contract Value. This is similar to when the Contract Value is less than net Purchase Payments, but the Contract Value then experiences a gain immediately before you take a complete withdrawal (see section 7, Expenses – Withdrawal Charge).

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix E

95

Initial Target Value Date Resets

You can reset the initial Target Value Date before the older Owner’s 81st birthday (or the Annuitant’s 81st birthday if the Owner is a non-individual). Resets are only available if your Contract Value is at least equal to the Target Value using the values determined at the end of the last Business Day before the rider anniversary that we process your reset request. The earliest new initial Target Value Date is seven rider anniversaries after we process your request under Target Date Retirement Benefit, or ten rider anniversaries after we process your request under Target Date 10 Benefit. The latest available initial Target Value Date is the rider anniversary prior to the older Owner’s 91st birthday (or the Annuitant’s 91st birthday if the Owner is a non-individual). You request a reset by completing the appropriate form. We process your request as of the immediately preceding rider anniversary (or on the next Business Day if the anniversary is not a Business Day) once we receive your request in Good Order at our Service Center. For the request to be in Good Order, we must receive this form within 30 days after a rider anniversary. If we receive your request outside this time period, we reject your request. The reset date is the rider anniversary that we process your request. On the reset date, we change the Target Value to equal the Contract Value determined at the end of the last Business Day before the reset date.

Initial Target Value Date resets may change the maximum amount you can allocate to your selected Investment Options, but a reset does not automatically change your allocations. To change your allocations on a reset, you must also change your future Purchase Payments allocation instructions and they must comply with the current maximum allowable allocations.

TARGET VALUE

The Target Value determines if you receive a Contract Value credit on each Target Value Date. We only calculate the Target Value while your benefit is in effect.

If the rider effective date is the Issue Date, the Target Value is initially equal to the Purchase Payment received on the Issue Date. If the rider effective date occurs after the Issue Date, the Target Value is initially equal to the Contract Value at the end of the prior Business Day. If you reset the initial Target Value Date, the Target Value is equal to the Contract Value at the end of the last Business Day before the reset date.

At the end of each Business Day, we adjust the Target Value as follows.

· We increase it by the amount of any additional Purchase Payments.

· We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include Partial Annuitizations and any withdrawal charges, but do not include amounts we withdraw for other Contract charges.

On each Contract Anniversary, we compare the Target Value to the Contract Value using the values determined at the end of the prior Business Day and increase the Target Value to equal this Contract Value if it is greater.

NOTE: For Bonus Option Contracts,bonus amounts are not included in the parts of the Target Value based on Purchase Payments until they are vested, and are also not included in the parts of this value that are based on Contract Value.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix E

96

INVESTMENT OPTION ALLOCATION AND TRANSFER RESTRICTIONS AND QUARTERLY REBALANCING

Under your Target Date Benefit, we restrict your Investment Option selection. When you selected your benefit, you agreed to allow us to rebalance your Contract Value quarterly, as described here. We put these restrictions in place to support your Target Date Benefit’s guarantees, and not to meet your investment objectives. To the extent these restrictions limit your investment flexibility, they may limit the upside potential to your Investment Option returns, which may limit your Contract Value and Target Value.

We established your Contract’s Investment Option allocation and transfer restrictions on the rider effective date and we cannot change them. We may add, remove or substitute Investment Options from these groups. We secure all necessary SEC and other governmental approvals before removing or substituting an Investment Option. We may also move Investment Options from a more restrictive group to a less restrictive group, but we cannot move Investment Options the other way. We send you written notice regarding additions, removals or substitutions. When an Investment Option in one of these groups is removed or substituted, we send your written notice 30 days before the removal or substitution date.

TABLE 1: Investment Option Groups
Group A (1)
AZL Allianz AGIC Opportunity Fund AZL Columbia Small Cap Value Fund AZL Federated Clover Small Value Fund AZL Fusion Growth Fund AZL Morgan Stanley Global Real Estate Fund AZL Oppenheimer Discovery Fund	AZL Schroder Emerging Markets Equity Fund AZL Small Cap Stock Index Fund Davis VA Financial Portfolio Franklin Templeton VIP Founding Funds Allocation Fund PIMCO VIT CommodityRealReturn Strategy Portfolio
(1)If your rider effective date is before January 26, 2009:  AZL Fusion Growth Fund and Franklin Templeton VIP Founding Funds Allocation Fund are included in the Group X Investment Options instead of in the Group A Investment Options; and Franklin Income Securities Fund is included in the Group Y Investment Options instead of in the Group A Investment Options.

Group B
AZL BlackRock Capital Appreciation Fund AZL Columbia Mid Cap Value Fund AZL Davis New York Venture Fund AZL Dreyfus Research Growth Fund AZL Eaton Vance Large Cap Value Fund AZL International Index Fund AZL Invesco Growth and Income Fund AZL Invesco International Equity Fund AZL JPMorgan International Opportunities Fund	AZL JPMorgan U.S. Equity Fund AZL MFS Investors Trust Fund AZL Mid Cap Index Fund AZL Morgan Stanley Mid Cap Growth Fund AZL S&P 500 Index Fund Mutual Shares Securities Fund PIMCO EqS Pathfinder Portfolio Templeton Growth Securities Fund
Group X	Group Y
AZL Franklin Templeton Founding Strategy Plus Fund AZL Fusion Moderate Fund AZL Gateway Fund AZL Growth Index Strategy Fund AZL Invesco Equity and Income Fund BlackRock Global Allocation V.I. Fund Fidelity VIP FundsManager 50% Portfolio Fidelity VIP FundsManager 60% Portfolio Franklin Income Securities Fund PIMCO VIT Global Multi-Asset Portfolio	AZL Balanced Index Strategy Fund AZL Fusion Balanced Fund AZL Fusion Conservative Fund AZL Money Market Fund Franklin High Income Securities Fund Franklin U.S. Government Fund PIMCO VIT All Asset Portfolio PIMCO VIT Emerging Markets Bond Portfolio PIMCO VIT Global Advantage Strategy Bond Portfolio PIMCO VIT Global Bond Portfolio (Unhedged) PIMCO VIT High Yield Portfolio PIMCO VIT Real Return Portfolio PIMCO VIT Total Return Portfolio PIMCO VIT Unconstrained Bond Portfolio Templeton Global Bond Securities Fund

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix E

97

The maximum allowed Contract Value allocation for Investment Option Groups A, B and X is as follows. The minimum required Contract Value for Investment Option Group Y appears in Table 3 on the next page.

TABLE 2
	Maximum % of Contract Value Allowed in the combined Investment Option Groups A, B and X Based on the Number of Rider Years* to the Initial Target Value Date and the Comparison of Contract Value (CV) to the Target Value (TV)
Number of Rider Years* to the Initial Target Value Date	CV = 94%+ of TV	CV = 88% to < 94% of TV	CV = 82% to < 88% of TV	CV = 76% to < 82% of TV	CV = 70% to < 76% of TV	CV = 64% to < 70% of TV	CV = 58% to < 64% of TV	CV = 52% to < 58% of TV	CV = 46% to < 52% of TV	CV = 40% to < 46% of TV	CV = 34% to < 40% of TV	CV = 28% to < 34% of TV	CV = 22% to < 28% of TV	CV = 16% to < 22% of TV	CV = 10% to < 16% of TV	CV = 4% to < 10% of TV	CV < 4% of TV
28+	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%
27	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%
26	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%
25	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%
24	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%
23	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%
22	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%
21	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%
20	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%
19	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%
18	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%
17	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%
16	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%
15	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%
14	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%
13	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%
12	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%
11	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%
10	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%
9	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%
8	75%	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%
7	70%	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%
6	65%	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%
5	60%	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%
4	55%	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%
3	50%	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%
2	45%	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%
1	40%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%
Initial Target Value Date and beyond	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%	35%

* We round the number of years until the initial Target Value Date up to the next whole number. For example, when you are seven rider years and four months away from your initial Target Value Date, in this table you are eight rider years from the initial Target Value Date.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix E

98

The maximum Contract Value allocation for Investment Option Group A and the minimum required Contract Value allocation for Investment Option Group Y depends on the maximum allowed allocation for Groups A, B and X as follows.

TABLE 3
When the maximum % of Contract Value allowed in the combined Groups A, B and X is…	then the maximum % of Contract Value allowed in Group A is…	and the minimum % of Contract Value required in Group Y is…
95%	30%	5%
90%	30%	10%
85%	25%	15%
80%	25%	20%
75%	20%	25%
70%	20%	30%
65%	15%	35%
60%	15%	40%
55%	10%	45%
50%	10%	50%
45%	5%	55%
40%	5%	60%
35%	5%	65%

You can only make Investment Option transfers if they comply with these restrictions. Transfers do not change your future Purchase Payment allocation instructions or how we rebalance your Contract Value each quarter. To change this quarterly rebalancing, you must change your future allocation instructions. Any requested change to these instructions must comply with the restrictions stated here or we reject your change.

We automatically rebalance your Contract Value quarterly until this benefit ends. The rebalancing occurs at the end of the last Business Day before each Quarterly Anniversary. There are no fees for the quarterly rebalancing transfers we make, and we do not count them against the free transfers we allow. This rebalancing applies to your selected Investment Options in Groups A, B, X and Y. If you are participating in the DCA program, quarterly rebalancing transfers do not apply to the Contract Value you apply to the AZL Money Market Fund under that program.

If your future allocation instructions allocate 5% or less to the Investment Options in Group A; and 35% or less to the Investment Options in the combined Groups A, B and X; we rebalance according to your future allocation instructions. Otherwise, we determine your Investment Option allocations at the end of the last Business Day before each Quarterly Anniversary as follows. First, we establish the maximum allowed allocation for each Investment Option group. Then, we compute the required allocations for each Investment Option group, which are your future allocation instructions adjusted downward to match the new maximum allowable group allocation if necessary. Lastly, we rebalance your Contract Value according to the new required allocation for each Investment Option.

Determining the Maximum Allowed and Minimum Required Group Allocation

Combined Groups A, B and X. The new maximum allowed allocation for Groups A, B, and X on each Quarterly Anniversary is the lesser of the maximum allowed allocation from the prior Quarterly Anniversary, or as set out in Table 2 (which appears earlier in this appendix).

Groups A and Y. We then use Table 3 and the new maximum allowed allocation for Groups A, B and X to determine the new maximum allowed allocation for Group A and minimum required allocation for Group Y.

Combined Groups B and X. The new maximum allowed allocation for Groups B and X is the new maximum allowed allocation for Groups A, B and X, less the new required allocation for Group A, computed as described next in this appendix.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix E

99

Determining the Required Group Allocation

On the rider effective date, we require your future Purchase Payment allocation instructions to comply with maximum allowed and minimum required group allocations set out in Tables 2 and 3. On each subsequent Quarterly Anniversary, we determine the new required group allocations as follows.

1. Your current future allocation instructions comply with the new maximum allowed and new minimum required group allocations. No change to your future allocation instructions.

2. Your current future allocation instructions for Group A comply with the new maximum allowed allocation, but your current future allocation instructions for combined Groups B and X Investment Options are greater than the new maximum allowed allocation. No change to your Group A future allocation instructions, but we decrease the required allocation for Groups B and X to equal the new maximum allowed allocation. We then take the excess from Groups B and X (your future allocation instructions for Group B and X minus the new maximum allowed allocation) and apply it to Group Y.

3. Your current future allocation instructions for Group A are greater than the new maximum allowed allocation. We decrease the required allocation for Group A to equal the new maximum allowed allocation. We then take the excess from Group A (your future allocation instructions for Group A minus the new maximum allowed allocation) and reallocate it as follows.

a) If your future allocation instructions for combined Groups B and X are less than the new maximum allowed allocation for these groups, the new required allocation is equal to your future allocation instructions for Groups B and X, plus the excess from Group A, subject to the new maximum allowed allocation for the combined Groups B and X. We then apply any remaining excess allocation from Group A to Group Y.

b) If your future allocation instructions for combined Groups B and X are greater than or equal to the new maximum allowed allocation for these groups, then we decrease the new required allocation for Groups B and X to equal the new maximum allowed allocation. We then take any excess allocation from Groups B and X (your future allocation instructions for Group B and X minus the new maximum allowable allocation), plus any excess allocation from Group A, and apply it all to Group Y.

The new required allocation for Group Y is equal to 100% minus the new required allocation for Group A, and minus the new required allocation for combined Groups B and X. We then rebalance the Contract Value in your selected Investment Options according to the required allocations for each Investment Option, as discussed next.

Determining the Required Allocation for Each Investment Option

We rebalance your Investment Options’ Contract Value on each Quarterly Anniversary using the formula: a x (b / c)

where:

a = The new required group allocation for the current Quarterly Anniversary.

b = The required allocation for each Investment Option at the end of the prior Business Day.

c = The required group allocation at the end of the prior Business Day.

We round your required allocation to the nearest whole percentage. The current required Investment Option allocations then become your future Purchase Payment allocation instructions. These allocation instructions remain in place until the earlier of the next Quarterly Anniversary, or the Business Day we process any new future Purchase Payment allocation instructions.

NOTE:

· For Bonus Option Contracts, we rebalance the Bonus Value using the same percentages we use to rebalance your Contract Value.

· In any twelve-month period, we cannot reduce the maximum allowed Contract Value allocation in Group A by more than 10%, and in combined Groups A, B and X by more than 15%.

· Unless the maximum allowed allocation for combined Groups A, B, and X changes, the maximum allowed allocation for Group A and the minimum required allocation for Group Y do not change.

· We may move all of your Contract Value out of one or more of your selected Investment Options. However, we send you a transaction confirmation each time we move Contract Value between Investment Options.

· Unless you reset the initial Target Value Date, the maximum allowed in Group A, and in combined Groups A, B and X never increases.

· If you allocate less than the maximum allowed to combined Groups A, B and X, you may be subject to fewer Investment Option reallocations.

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

Appendix E

100

WHEN A TARGET DATE BENEFIT ENDS

Your Target Date Benefit ends upon the earliest of the following.

· The Business Day we process your request to remove your benefit from your Contract (the rider termination date).

· The date of death of any Owner (or Annuitant, if the Contract is owned by a non-individual), unless the surviving spouse elects to continue the Contract. However, if an Owner (or Annuitant, if the Contract is owned by a non-individual) dies and the surviving spouse elects to receive payout of the death benefit, then your Target Date Benefit ends as of the end of the Business Day during which we receive in Good Order at the Service Center, both due proof of death and an election of the death benefit payment option.

· The Business Day before the Income Date that you take a Full Annuitization.

· The Business Day we process your request for a full withdrawal.

· When the Contract ends.

APPENDIX F – ORIGINAL QUARTERLY VALUE DEATH BENEFIT

The original Quarterly Value Death Benefit was available from May 1, 2007 through April 30, 2010. The only difference between this benefit and the benefit discussed in section 11.c, Quarterly Value Death Benefit is that the benefit in section 11.c also requires selection of Investment Protector or Income Protector.

APPENDIX G – PREVIOUS VERSIONS OF INCOME PROTECTOR AND INVESTMENT PROTECTOR

The benefit version identifier (for example, (05.11)) is located in your rider.

INCOME PROTECTOR

Income Protector (01.12) – available from January 23, 2012 through April 29, 2012.

Income Protector (05.11) – available from May 2, 2011 through January 22, 2012.

Income Protector (05.10) – available from May 3, 2010 through April 29, 2011.

Income Protector (08.09) – available from July 22, 2009 through April 30, 2010.

For Income Protector (01.12) the current rider charge is 1.20% for both single and joint Lifetime Plus Payments. For Income Protector (05.11), (05.10) and (08.09) the current rider charge is 1.15% for single Lifetime Plus Payments and 1.30% for joint Lifetime Plus Payments.

For Income Protector (01.12), (05.11) and (05.10) the exercise age is age 60. For Income Protector (08.09) the exercise age is age 65.

For Income Protector (01.12) the Annual Maximum Lifetime Plus Payment Table is as follows:

Annual Maximum Lifetime Plus Payment TableFor Income Protector (01.12)
Age of the Covered Person for single Lifetime Plus Payments	Annual maximum Lifetime Plus Payment percentage	Age of the younger Covered Person for joint Lifetime Plus Payments	Annual maximum Lifetime Plus Payment percentage
60 – 64	4.0%	60 – 64	3.5%
65 – 79	4.5%	65 – 79	4.0%
80+	5.5%	80+	5.0%

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101

For Income Protector (05.11) and (05.10) the Annual Maximum Lifetime Plus Payment Table is as follows:

Annual Maximum Lifetime Plus Payment Table for the Income Protector (05.11) and (05.10)
Age band of the Covered Person (or younger Covered Person for joint Lifetime Plus Payments)	Annual maximum Lifetime Plus Payment percentage
60 – 64	4.0%
65 - 79	4.5%
80+	5.5%

For Income Protector (08.09) the Annual Maximum Lifetime Plus Payment Table is as follows:

Annual Maximum Lifetime Plus Payment Table for the Income Protector (08.09)
Age band of the Covered Person (or younger Covered Person for joint Lifetime Plus Payments)	Annual maximum Lifetime Plus Payment percentage
65 - 79	4.5%
80+	5.5%

For Income Protector (01.12), (05.11), (05.10) and (08.09) the Annual Increase percentage is 8%. For Income Protector (01.12) and (05.11) the number of guarantee years is 30. For Income Protector (05.10) and (08.09) the number of guarantee years is 20.

The available Investment Options for Income Protector (01.12), (05.11), (05.10) and (08.09) are as follows:

Income Protector available Investment Options

AZL Balanced Index Strategy Fund AZL Franklin Templeton Founding Strategy Plus Fund AZL Fusion Balanced Fund AZL Fusion Conservative Fund AZL Fusion Moderate Fund AZL Gateway Fund AZL Growth Index Strategy Fund AZL Invesco Equity and Income Fund AZL Money Market Fund BlackRock Global Allocation V.I. Fund Fidelity VIP FundsManager 50% Portfolio Fidelity VIP FundsManager 60% Portfolio

Franklin High Income Securities Fund Franklin Income Securities Fund Franklin U.S. Government Fund PIMCO VIT All Asset Portfolio PIMCO VIT Emerging Markets Bond Portfolio PIMCO VIT Global Advantage Strategy Bond Portfolio PIMCO VIT Global Bond Portfolio (Unhedged) PIMCO VIT Global Multi-Asset Portfolio PIMCO VIT High Yield Portfolio PIMCO VIT Real Return Portfolio PIMCO VIT Total Return Portfolio PIMCO VIT Unconstrained Bond Portfolio Templeton Global Bond Securities Fund

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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102

INVESTMENT PROTECTOR

Investment Protector (01.12) – available from January 23, 2012 through July 6, 2012.

Investment Protector (05.10) – available from May 2, 2010 through January 22, 2012.

Investment Protector (08.09) – available from July 22, 2009 through April 30, 2010.

For Investment Protector (01.12) the current rider charge is 0.95%; for (05.10) the current rider charge is 0.90%; and for (08.09), the current rider charge is 0.80%.

For Investment Protector (01.12) and (05.10), the guarantee percentage we use to calculate the Target Value is 100%. For Investment Protector (08.09), the guarantee percentage we use to calculate the Target Value is 95%.

For Investment Protector (01.12), (05.10), and (08.09), the Investment Option Groups and information on Investment Option allocation and transfer restrictions and quarterly rebalancing is as follows:

TABLE 1: Investment Protector Investment Option Groups
Group A
AZL Allianz AGIC Opportunity Fund AZL Columbia Small Cap Value Fund AZL Federated Clover Small Value Fund AZL Fusion Growth Fund AZL Morgan Stanley Global Real Estate Fund AZL Oppenheimer Discovery Fund	AZL Schroder Emerging Markets Equity Fund AZL Small Cap Stock Index Fund Davis VA Financial Portfolio Franklin Templeton VIP Founding Funds Allocation Fund PIMCO VIT CommodityRealReturn Strategy Portfolio
Group B
AZL BlackRock Capital Appreciation Fund AZL Columbia Mid Cap Value Fund AZL Davis New York Venture Fund AZL Dreyfus Research Growth Fund AZL Eaton Vance Large Cap Value Fund AZL International Index Fund AZL Invesco Growth and Income Fund AZL Invesco International Equity Fund AZL JPMorgan International Opportunities Fund	AZL JPMorgan U.S. Equity Fund AZL MFS Investors Trust Fund AZL Mid Cap Index Fund AZL Morgan Stanley Mid Cap Growth Fund AZL S&P 500 Index Fund Mutual Shares Securities Fund PIMCO EqS Pathfinder Portfolio Templeton Growth Securities Fund
Group X	Group Y
AZL Balanced Index Strategy Fund AZL Franklin Templeton Founding Strategy Plus Fund AZL Fusion Balanced Fund AZL Fusion Conservative Fund AZL Fusion Moderate Fund AZL Gateway Fund AZL Growth Index Strategy Fund AZL Invesco Equity and Income Fund BlackRock Global Allocation V.I. Fund Fidelity VIP FundsManager 50% Portfolio Fidelity VIP FundsManager 60% Portfolio Franklin Income Securities Fund PIMCO VIT All Asset Portfolio PIMCO VIT Global Multi-Asset Portfolio	AZL Money Market Fund Franklin High Income Securities Fund Franklin U.S. Government Fund PIMCO VIT Emerging Markets Bond Portfolio PIMCO VIT Global Advantage Strategy Bond Portfolio PIMCO VIT Global Bond Portfolio (Unhedged) PIMCO VIT High Yield Portfolio PIMCO VIT Real Return Portfolio PIMCO VIT Total Return Portfolio PIMCO VIT Unconstrained Bond Portfolio Templeton Global Bond Securities Fund

The Allianz VisionSM Variable Annuity Contract Prospectus – June 14, 2012

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On the Rider Effective Date and subsequent Quarterly Anniversaries, Table 2 determines the maximum Contract Value you can allocate to Investment Options in Groups A and B/X based on the number of Rider Years* until the initial Target Value Date and the comparison of Contract Value (CV) to Target Value (TV). We then use Table 2 value in the first column of Table 3 on the next page to determine the maximum Contract Value you can allocate to Investment Options in Group A and the minimum required in Group Y. For example, on the Rider Effective Date if your initial Target Value Date is the 12th Rider Anniversary, you can allocate up to 70% of your Contract Value to Investment Options in Groups A and B/X, up to 20% in Group A, and you must have at least 30% in Group Y.

TABLE 2 : Investment Protector
Number of Rider Years* to the Initial Target Value Date	CV = 94%+ of TV	CV = 88% to < 94% of TV	CV = 82% to < 88% of TV	CV = 76% to < 82% of TV	CV = 70% to < 76% of TV	CV = 64% to < 70% of TV	CV = 58% to < 64% of TV	CV = 52% to < 58% of TV	CV = 46% to < 52% of TV	CV = 40% to < 46% of TV	CV = 34% to < 40% of TV	CV = 28% to < 34% of TV	CV = 22% to < 28% of TV	CV = 16% to < 22% of TV	CV = 10% to < 16% of TV	CV = 4% to < 10% of TV	CV < 4% of TV
33+	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%
32	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%
31	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%
30	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%
29	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%
28	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%
27	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%
26	95%	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%
25	95%	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%
24	95%	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%
23	95%	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%
22	95%	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%
21	95%	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%
20	95%	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%
19	95%	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%
18	95%	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%
17	95%	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%
16	90%	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%
15	85%	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%
14	80%	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%
13	75%	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%
12	70%	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%
11	65%	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%
10	60%	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%
9	55%	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%
8	50%	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%
7	45%	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
6	40%	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
5	35%	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
4	30%	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
3	25%	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
2	20%	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
1	15%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%
Initial Target Value Date and beyond	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

* We round the number of years until the initial Target Value Date up to the next whole number. For example, when you are seven Rider Years and four months away from your initial Target Value Date, in this table you are eight Rider Years from the initial Target Value Date.

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The maximum Contract Value allocation for Investment Option Group A and the minimum required Contract Value allocation for Investment Option Group Y depends on the maximum allowed allocation for Groups A and B/X as follows.

TABLE 3: Investment Protector
When the maximum % of Contract Value allowed in Groups A and B/X is…	then the maximum % of Contract Value allowed in Group A is…	and the minimum % of Contract Value required in Group Y is…
95%	30%	5%
90%	30%	10%
85%	25%	15%
80%	25%	20%
75%	20%	25%
70%	20%	30%
65%	15%	35%
60%	15%	40%
55%	10%	45%
50%	10%	50%
45%	5%	55%
40%	5%	60%
35%	5%	65%
30%	5%	70%
25%	5%	75%
20%	5%	80%
15%	5%	85%
10%	5%	90%

You can only make Investment Option transfers if they comply with these restrictions. Transfers do not change your future Purchase Payment allocation instructions or how we rebalance your Contract Value each quarter. To change this quarterly rebalancing, you must change your future allocation instructions. Any requested change to these instructions must comply with the restrictions stated here or we reject your change.

We automatically rebalance your Contract Value quarterly until this benefit ends. The rebalancing occurs at the end of the last Business Day before each Quarterly Anniversary. There are no fees for the quarterly rebalancing transfers we make, and we do not count them against the free transfers we allow. This rebalancing applies to your selected Investment Options in Groups A, B/X, and Y. If you are participating in the DCA program, quarterly rebalancing transfers do not apply to the Contract Value you apply to the AZL Money Market Fund under that program.

If your future allocation instructions allocate 5% or less to the Investment Options in Group A; and 10% or less to the Investment Options in the combined Groups A and B/X; we rebalance according to your future allocation instructions. Otherwise, we determine your Investment Option allocations at the end of the last Business Day before each Quarterly Anniversary as follows. First, we establish the maximum allowed allocation for each Investment Option group. Then, we compute the required allocations for each Investment Option group, which are your future allocation instructions adjusted downward to match the new maximum allowable group allocation if necessary. Lastly, we rebalance your Contract Value according to the new required allocation for each Investment Option.

Determining the Maximum Allowed and Minimum Required Group Allocation

Combined Groups A and B/X. The new maximum allowed allocation for Groups A and B/X on each Quarterly Anniversary is the lesser of the maximum allowed allocation from the prior Quarterly Anniversary, or as set out in Table 2 (which appears earlier in this section).

Groups A and Y. We then use Table 3 and the new maximum allowed allocation for Groups A and B/X to determine the new maximum allowed allocation for Group A and minimum required allocation for Group Y.

Group B/X. The new maximum allowed allocation for Group B/X is the new maximum allowed allocation for Groups A and B/X, less the new required allocation for Group A, computed as described next in this section.

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105

Determining the Required Group Allocation

On the Rider Effective Date, we require your future Purchase Payment allocation instructions to comply with maximum allowed and minimum required group allocations set out in Tables 2 and 3. On each subsequent Quarterly Anniversary, we determine the new required group allocations as follows.

1. Your current future allocation instructions comply with the new maximum allowed and new minimum required group allocations. No change to your future allocation instructions.

2. Your current future allocation instructions for Group A comply with the new maximum allowed allocation, but your current future allocation instructions for Group B/X Investment Options are greater than the new maximum allowed allocation. No change to your Group A future allocation instructions, but we decrease the required allocation for Group B/X to equal the new maximum allowed allocation. We then take the excess from Group B/X (your future allocation instructions for Group B/X minus the new maximum allowed allocation) and apply it to Group Y.

3. Your current future allocation instructions for Group A are greater than the new maximum allowed allocation. We decrease the required allocation for Group A to equal the new maximum allowed allocation. We then take the excess from Group A (your future allocation instructions for Group A minus the new maximum allowed allocation) and reallocate it as follows.

a) If your future allocation instructions for Group B/X are less than the new maximum allowed allocation for these groups, the new required allocation is equal to your future allocation instructions for Group B/X, plus the excess from Group A, subject to the new maximum allowed allocation for the Group B/X. We then apply any remaining excess allocation from Group A to Group Y.

b) If your future allocation instructions for Group B/X are greater than or equal to the new maximum allowed allocation for this group, then we decrease the new required allocation for Group B/X to equal the new maximum allowed allocation. We then take any excess allocation from Group B/X (your future allocation instructions for Group B/X minus the new maximum allowable allocation), plus any excess allocation from Group A, and apply it all to Group Y.

The new required allocation for Group Y is equal to 100% minus the new required allocation for Group A, and minus the new required allocation for Group B/X. We then rebalance the Contract Value in your selected Investment Options according to the required allocations for each Investment Option, as discussed next.

Determining the Required Allocation for Each Investment Option

We rebalance your Investment Options’ Contract Value on each Quarterly Anniversary using the formula: a x (b / c)

where:

a = The new required group allocation for the current Quarterly Anniversary.

b = The required allocation for each Investment Option at the end of the prior Business Day.

c = The required group allocation at the end of the prior Business Day.

We round your required allocation to the nearest whole percentage. The current required Investment Option allocations then become your future Purchase Payment allocation instructions. These allocation instructions remain in place until the earlier of the next Quarterly Anniversary, or the Business Day we process any new future Purchase Payment allocation instructions.

NOTE:

· For Contracts with the Bonus Option, we rebalance the Bonus Value using the same percentages we use to rebalance your Contract Value.

· In any twelve-month period, we cannot reduce the maximum allowed Contract Value allocation in Group A by more than 10%, and in combined Groups A and B/X by more than 15%.

· Unless the maximum allowed allocation for combined Groups A and B/X changes, the maximum allowed allocation for Group A and the minimum required allocation for Group Y do not change.

· We may move all of your Contract Value out of one or more of your selected Investment Options. However, we send you a transaction confirmation each time we move Contract Value between Investment Options.

· Unless you reset the initial Target Value Date, the maximum allowed in Group A, and in combined Groups A and B/X never increases.

· If you allocate less than the maximum allowed to combined Groups A and B/X, you may be subject to fewer Investment Option reallocations.

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FOR SERVICE OR MORE INFORMATION

You can review and copy information about us, the Separate Account, the prospectus and the SAI at the SEC’s Public Reference Room in Washington, D.C. You may obtain information about the operation of the Public Reference Room by calling (202) 551-8090.

The SEC also maintains a website (http://www.sec.gov). The prospectus, the SAI and other information about the Contract are available on the EDGAR database on the SEC’s website. If you do not have access to the website, you can get copies of information from the website upon payment of a duplication fee by writing to:

Public Reference Section of the Commission

100 F Street, NE

Washington, DC 20549

If you need customer service (such as changes in Contract information, information on Contract Values, requesting a withdrawal or transfer, changing your allocation instructions, etc.), please contact our Service Center at:

Allianz Life Insurance Company of North America

P.O. Box 561

Minneapolis, MN 55440-0561

(800) 624-0197

ADDRESSES FOR MAILING CHECKS

For a check for an additional Purchase Payment by regular mail please use this address:

Allianz Life Insurance Company of North America

NW5989

P.O. Box 1450

Minneapolis, MN 55485-5989

For a check for an additional Purchase Payment by overnight, certified or registered mail please use this address:

Allianz Life Insurance Company of North America

NW5989

1350 Energy Lane, Suite 200

St. Paul, MN 55108-5254

NOTE: Checks for additional Purchase Payments you send to the wrong address are forwarded to the 1350 Energy Lane address listed above, which may delay processing.

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STATEMENT OF ADDITIONAL INFORMATION

ALLIANZ VISIONSM

INDIVIDUAL FLEXIBLE PURCHASE PAYMENT

VARIABLE DEFERRED ANNUITY CONTRACT

ISSUED BY

ALLIANZ LIFE® VARIABLE ACCOUNT B (THE SEPARATE ACCOUNT)

AND

ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA

(ALLIANZ LIFE, WE, US, OUR)

JUNE 14, 2012

This Statement of Additional Information (SAI) is incorporated by reference into the prospectus that has been filed as Part A of the Registration Statement. This SAI should be read in conjunction with the prospectus. Definitions of capitalized terms can be found in the glossary of the prospectus. The prospectus is incorporated in this SAI by reference.

The prospectus for the Contract concisely sets forth information that a prospective investor ought to know before investing. For a copy of the Contract’s prospectus, call or write us at:

Allianz Life Insurance Company of North America

5701 Golden Hills Drive

Minneapolis, MN 55416

(800) 624-0197

TABLE OF CONTENTS

Allianz Life…………………………………………………………….	2	Income Tax Withholding……………………………..	8
Experts…………………………………………………………………	2	Multiple Contracts…………………………………….	9
Legal Opinions………………………………………………………..	2	Partial 1035 Exchanges………………………………	9
Distributor……………………………………………………………..	2	Assignments, Pledges and Gratuitous Transfers….	9
Federal Tax Status…………………………………………………..	3	Death Benefits…………………………………………	9
Annuity Contracts in General……………………………………	3	Federal Estate Taxes…………………………………	9
Taxation of Annuities in General………………………………..	3	Generation-Skipping Transfer Tax………………….	10
Qualified Contracts……………………………………………….	4	Foreign Tax Credits…………………………………..	10
Purchasing a Qualified Contract………………………………..	5	Possible Tax Law Changes………………………….	10
Distributions Qualified Contracts………………………………..	6	Accumulation Unit Values………………………………	10
Distributions Non-Qualified Contracts………………………….	7	Annuity Payments………………………………………..	10
Required Distributions……………………………………………	7	Annuity Payment Options……………………………	11
Withholding………………………………………………………..	8	Annuity Units/Calculating Variable Annuity
Diversification……………………………………………………..	8	Payments………………………….…………….	12
Owner Control…………………………………………………….	8	Financial Statements…………………………………….	13
Contracts Owned by Non-Individuals…………………………..	8	Appendix A  – Death of the Owner and/or Annuitant…	13
Annuity Purchases by Nonresident Aliens and Foreign		Appendix B  – Condensed Financial Information	17
Corporations…………………………………………………...	8

VIS(LEG)SAI-0612

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

1

ALLIANZ LIFE

Allianz Life is a stock life insurance company organized under the laws of the state of Minnesota in 1896. We are a subsidiary of Allianz of America, Inc. (AZOA), a financial holding company. AZOA is a subsidiary of Allianz SE, a provider of integrated financial services. Allianz SE is headquartered in Munich, Germany, and has sales outlets throughout the world. We offer fixed and variable annuities and individual life insurance.

Allianz Life does not have a separate custodian for the assets owned through the Separate Account. Most mutual fund shares are not in certificated form, and as such, Allianz Life in effect acts as self custodian for the non-certificated shares we own through the Separate Account.

EXPERTS

The financial statements of Allianz Life Variable Account B as of and for the year or period ended December 31, 2011(including the statements of changes in net assets for each of the years or periods in the two year period then ended and the financial highlights for each of the periods presented) and the consolidated financial statements and supplemental schedules of Allianz Life Insurance Company of North America as of December 31, 2011 and 2010 and for each of the years in the three-year period ended December 31, 2011, are included in Part C of the Registration Statement in reliance upon the report of KPMG LLP, independent registered public accounting firm, also included in Part C, and upon the authority of said firm as experts in accounting and auditing. The audit report covering the December 31, 2011 financial statements and supplemental schedules of Allianz Life Insurance Company of North America refers to a change in the method of evaluating other-than-temporary impairments of fixed maturity securities due to the adoption of accounting requirements issued by the Financial Accounting Standards Board (FASB), as of January 1, 2009. The principal business address of KPMG LLP is 4200 Wells Fargo Center, 90 South Seventh Street, Minneapolis, MN.

LEGAL OPINIONS

Stewart D. Gregg, Senior Securities Counsel of Allianz Life, has provided legal advice on certain matters in connection with the issuance of the Contracts.

DISTRIBUTOR

Allianz Life Financial Services, LLC (Allianz Life Financial), a wholly owned subsidiary of Allianz Life Insurance Company of North America, acts as the distributor.

We pay commissions for Contract sales. Allianz Life Financial passes through most of the commissions it receives to the selling firms. Allianz Life Financial received commissions for contracts issued under Allianz Life Variable Account B in the following amounts during the last three calendar years:

Calendar Year	Aggregate Amount of Commissions Paid to Allianz Life Financial	Aggregate Amount of Commissions Retained by Allianz Life Financial After Payments to Selling Firms
2009	$169,464,504.26	$0
2010	$220,761,073.60	$0
2011	$264,909,554.57	$0

Allianz Life Financial sells contracts issued by Allianz Life primarily through “wholesaling,” in which Allianz Life Financial sells contracts through a large group of mostly non-affiliated broker/dealer firms. Currently, Allianz Life Financial has agreements with approximately 894 retail broker/dealers to sell its contracts. As described in the prospectus, Allianz Life Financial may pay marketing support payments to certain third-party firms for marketing our contracts. Currently, Allianz Life Financial makes marketing support payments to approximately 48 broker-dealer firms. These payments vary in amount. In 2011, the five firms receiving the largest payments, ranging from $769,664 to $4,297,627, are listed below. Marketing support payments may also be made to managers of Investment Options or their affiliates for providing Investment Option information and marketing support.

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

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Firm Name

LPL Financial Network

The Advisor Group Network

Wells Fargo Network

National Planning Holdings

HD Vest Investment Services

FEDERAL TAX STATUS

NOTE: The following description is based upon our understanding of current federal income tax law applicable to annuities in general. We cannot predict the probability that any changes in such laws will be made. Purchasers are cautioned to seek competent tax advice regarding the possibility of such changes. We do not guarantee the tax status of the Contracts. Purchasers bear the complete risk that the Contracts may not be treated as “annuity contracts” under federal income tax laws. It should be further understood that the following discussion is not exhaustive and that special rules not described herein may be applicable in certain situations. Moreover, no attempt has been made to consider any applicable state or other tax laws.

ANNUITY CONTRACTS IN GENERAL

Annuity contracts are a means of setting aside money for future needs – usually retirement. Congress recognized the importance of saving for retirement and provided special rules in the Internal Revenue Code (Code) for annuities.

These rules generally provide that you will not be taxed on any earnings on the money held in your annuity until you take the money out. This is called tax deferral. There are different rules regarding how you will be taxed, depending upon how you take the money out and whether the annuity is Qualified or Non-Qualified (see the following discussion in this section).

If you do not purchase the Contract under a tax qualified retirement plan, the Contract is referred to as a Non-Qualified Contract under Section 72(u) of the Code.

TAXATION OF ANNUITIES IN GENERAL

Section 72 of the Internal Revenue Code of 1986, as amended (the Code) governs taxation of annuities in general. An Owner is generally not taxed on increases in the value of a Contract until distribution occurs, either in the form of a lump sum payment or as Annuity Payments. For a lump sum payment received as a full withdrawal (total redemption) or death benefit, the recipient is taxed on the portion of the payment that exceeds the cost basis of the Contract (your investment). For Non-Qualified Contracts, this cost basis is generally the Purchase Payments, while for Qualified Contracts there may be no cost basis. The taxable portion of the lump sum payment is taxed at ordinary income tax rates. A partial withdrawal results in tax on any gain in the Contract (for example, the difference, if any, between the Contract Value immediately before the withdrawal, unreduced by any charges, and the Contract’s cash basis). Lump sum withdrawals, whether partial or full, may also be subject to a federal penalty tax equal to 10% of the taxable amount.

For Annuity Payments, the portion of each payment included in income equals the excess of the payment over the exclusion amount. The exclusion amount for Annuity Payments based on a variable Annuity Option is determined by dividing the investment in the Contract (adjusted for any period certain or refund guarantee) by the number of years over which the annuity is expected to be paid (which is determined by Treasury Regulations). The exclusion amount for Annuity Payments based on a fixed Annuity Option is determined by multiplying the Annuity Payment by the ratio that the investment in the Contract (adjusted for any period certain or refund guarantee) bears to the expected return under the Contract. Annuity Payments received after the investment in the Contract has been recovered (for example, when the total of the excludable amounts equal the investment in the Contract) are fully taxable. The taxable portion of an Annuity Payment is taxed at ordinary income tax rates. Partial Annuitizations are taxed as partial withdrawals, not as Annuity Payments, until the entire Contract Value has been applied to Annuity Payments. For certain types of Qualified Contracts there may be no cost basis in the Contract within the meaning of Section 72 of the Code. Owners, Annuitants and Beneficiaries under the Contracts should seek competent financial advice about the tax consequences of any distributions.

We are taxed as a life insurance company under the Code. For federal income tax purposes, the Separate Account is not a separate entity from us, and its operations form a part of Allianz Life.

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

3

QUALIFIED CONTRACTS

If you purchase the Contract under a pension or retirement plan that is qualified under the Code, the Contract is referred to as a Qualified Contract. Qualified Contracts are subject to special rules. Adverse tax consequences may result if contributions, distributions, and transactions in connection with the Qualified Contract do not comply with the law.

A Qualified Contract does not provide any necessary or additional tax deferral if it is used to fund a qualified plan that is tax deferred. However, the Contract has features and benefits other than tax deferral that may make it an appropriate investment for a qualified plan. You should consult your tax adviser regarding these features and benefits before purchasing a Qualified Contract.

Types of Qualified Contracts

We may issue the following types of Qualified Contracts.

· Traditional Individual Retirement Annuity. Section 408 of the Code permits eligible individuals to maintain Individual Retirement Annuities (IRAs). IRA contributions are limited each year to the lesser of a dollar amount specified in the Code or 100% of the amount of earned income included in the Owner’s income. You cannot make contributions once the Owner reaches age 70½. Contributions may be tax deductible based on the Owner’s income. The limit on the amount contributed to an IRA does not apply to distributions from certain other types of qualified plans that are “rolled over” on a tax-deferred basis into an IRA. Purchasers of a Contract for use with IRAs have the right to revoke their purchase within seven days of the earlier of the establishment of the IRA or their purchase.

· Roth IRA. Section 408A of the Code permits certain eligible individuals to contribute to a Roth IRA. Contributions to a Roth IRA are limited each year to the lesser of a dollar amount specified in the Code or 100% of the amount of earned income included in the Owner’s income. Contributions are also limited or prohibited if the Owner’s income is above certain limits. Contributions must be made in cash or as a rollover or transfer from another Roth IRA.

Conversions to a Roth IRA from a Traditional IRA or other eligible qualified retirement plan are permitted regardless of an individual’s income. A conversion to a Roth IRA results in a taxable event, but not a 10% federal penalty tax for early withdrawal if certain qualifications are met (please consult your tax adviser for more details).

Distributions from a Roth IRA generally are not subject to income tax if the Roth IRA has been held for five years (starting with the year in which the first contribution is made to any Roth IRA) and the Owner satisfies a triggering event such as attaining age 59½, death, disability or a first time homebuyer (subject to a $10,000 lifetime limit).

Distribution before satisfying the five year period or triggering event requirement may subject the distribution to ordinary income tax and the 10% federal penalty tax for early withdrawal. Please be aware that each Roth IRA conversion has its own five year holding period requirement.

· Inherited IRA. The Code permits beneficiaries of investments that were issued under certain tax-qualified pension or retirement plans to directly transfer the death benefit from that investment into a variable annuity contract (Inherited IRA Contract). Inherited IRA Contracts must satisfy the required minimum distribution rules that apply to a beneficiary. Inherited IRA Contracts are not currently available under this Contract. However, that may change in the future.

· Simplified Employee Pension (SEP) IRA. Employers may establish Simplified Employee Pension (SEP) IRAs under Code Section 408(k) to provide IRA contributions on behalf of their employees. In addition to all of the general rules governing IRAs, such plans are subject to additional requirements and different contribution limits.

Qualified Plans: Pension and Profit-Sharing Plans. A qualified plan is a retirement or pension plan that meets the requirements for tax qualification under the Code. Sections 401(a) and 401(k) of the Code permit employers, including self-employed individuals, to establish various types of retirement plans for employees. These retirement plans may permit the purchase of the Contracts to provide benefits under the plan. Contributions to the plan for the benefit of employees are not included in the gross income of the employee until distributed from the plan. The tax consequences to participants may vary, depending upon the particular plan design. However, the Code places limitations and restrictions on all plans, including on such items as: amount of allowable contributions; form, manner and timing of distributions; transferability of benefits; vesting and nonforfeitability of interests; nondiscrimination in eligibility and participation; and the tax treatment of distributions and withdrawals. Participant loans are not allowed under the Contracts purchased in connection with these plans.

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If the Contract is an investment for assets of a qualified plan under Section 401 of the Code, the plan is both the Owner and the Beneficiary. The authorized signatory or plan trustee for the plan must make representations to us that the plan is qualified under the Code on the Issue Date and is intended to continue to be qualified for the entire Accumulation Phase of the Contract, or as long as the qualified plan owns the Contract. The qualified plan may designate a third party administrator to act on its behalf. All tax reporting is the responsibility of the plan. In the event the qualified plan instructs us to roll the plan assets into an IRA for the Annuitant under this Contract, we change the qualification type of the Contract to an IRA and make the Annuitant the Owner. The qualified plan is responsible for any reporting required for the rollover transactions.

Purchasers of Contracts for use with pension or profit-sharing plans should obtain competent tax advice as to the tax treatment and suitability of such an investment. We may choose not to allow pension or profit-sharing plans to purchase this Contract.

PURCHASING A QUALIFIED CONTRACT

The Contract is designed to be used under various types of qualified plans. Because of the minimum Purchase Payment requirements, these Contracts may not be appropriate for some periodic payment retirement plans. Taxation of participants in each Qualified Contract varies with the type of plan and terms and conditions of each specific plan. Owners, Annuitants and Beneficiaries are cautioned that benefits under a Qualified Contract may be subject to the terms and conditions of the plan regardless of the terms and conditions of the Contracts issued pursuant to the plan. Some retirement plans are subject to distribution and other requirements that are not incorporated into our administrative procedures. We are not bound by the terms and conditions of such plans to the extent such terms conflict with the terms of a Contract, unless we specifically consent to be bound. Owners, participants and Beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contracts comply with applicable law.

The tax rules regarding qualified plans are very complex and have differing applications, depending on individual facts and circumstances. Each purchaser should obtain competent tax advice before purchasing a Contract issued under a qualified plan.

On July 6, 1983, the Supreme Court decided in Arizona Governing Committee v. Norris that optional annuity benefits provided under an employer’s deferred compensation plan could not, under Title VII of the Civil Rights Act of 1964, vary between men and women. The Contracts sold by us in connection with qualified plans may utilize annuity tables that do not differentiate on the basis of sex.

Generally, Contracts issued pursuant to qualified plans are not transferable except upon withdrawal or annuitization. Various penalty and excise taxes may apply to contributions or distributions made in violation of applicable limitations. Furthermore, certain withdrawal penalties and restrictions may apply to withdrawals from Qualified Contracts.

Many withdrawals from Qualified Contracts can be rolled over to an IRA or another qualified retirement plan. If you receive a withdrawal from a Qualified Contract that could be rolled over and you do not elect to make a direct rollover of that amount to an IRA or qualified plan, by law 20% of the taxable amount must be withheld by us for taxes. In situations where this mandatory tax withholding does not apply, other tax amounts may be withheld unless you elect out of the withholding. You may request more detailed information about income tax withholding at the time of a withdrawal. For more information, see prospectus section 7, Taxes – Distributions – Qualified Contracts.

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DISTRIBUTIONS – QUALIFIED CONTRACTS

Distributions from Qualified Contracts are subject to ordinary income tax. Special rules may apply to withdrawals from certain types of Qualified Contracts, including Roth IRAs. You should consult with your qualified plan sponsor and tax adviser to determine how these rules affect the distribution of your benefits.

Section 72(t) of the Code provides that any amount received under a Qualified Contract, which is included in income, may be subject to a federal penalty tax. The amount of the federal penalty tax is equal to 10% of the amount that is included in income. Some distributions will be exempt from the federal penalty tax. There is an exception to this 10% federal penalty tax for:

1) distributions made on or after the date you (or the Annuitant as applicable) reach age 59½;

2) distributions following your death or disability (or the Annuitant as applicable) (for this purpose disability is as defined in Section 72(m)(7) of the Code);

3) after separation from service, paid in a series of substantially equal payments made annually (or more frequently) under a lifetime annuity;

4) distributions made to you to the extent such distributions do not exceed the amount allowed as a deduction under Code Section 213 for amounts paid during the tax year for medical care;

5) distributions made on account of an IRS levy upon the Qualified Contract;

6) distributions from an IRA for the purchase of medical insurance (as described in Section 213(d)(1)(D) of the Code) for you and your spouse and dependents if you have received unemployment compensation for at least 12 weeks (this exception will no longer apply after you have been re-employed for at least 60 days);

7) distributions from an IRA made to you, to the extent such distributions do not exceed your qualified higher education expenses (as defined in Section 72(t)(7) of the Code) for the tax year;

8) distributions from an IRA which are qualified first-time homebuyer distributions (as defined in Section 72(t)(8) of the Code);

9) distributions made to an alternate Payee pursuant to a qualified domestic relations order (does not apply to an IRA); and

10) a reservist called to active duty during the period between September 11, 2001 and December 31, 2007, for a period in excess of 179 days (or for an indefinite period), distributions from IRAs or amounts attributable to elective deferrals under a 401(k) plan made during such active period.

The exception stated in (3) above applies to an IRA without the requirement that there be a separation from service. With respect to (3) above, if the series of substantially equal periodic payments is modified before the later of the Annuitant attaining age 59½ or the close of the five year period that began on the Income Date, then the tax for the year of the modification is increased by the 10% federal penalty tax, plus interest for the tax years in which the exception was used. A partial withdrawal taken after a series of substantially equal periodic payments has begun will result in the modification of the series of substantially equal payments and therefore will result in the imposition of the 10% federal penalty tax and interest for the period as described above. You should obtain competent tax advice before you take any partial withdrawals from your Contract. Adding Purchase Payments to a Contract that is making substantially equal periodic payments will also result in a modification of the payments.

Distributions from a Qualified Contract must commence no later than the required beginning date. For Roth IRAs, no distributions are required during the Owner’s lifetime. For IRAs other than Roth IRAs, the required beginning date is April 1 of the calendar year following the year in which you attain age 70½. Under a qualified plan, the required beginning date is generally April 1 of the calendar year following the later of the calendar year in which you reach age 70½ or retire. Generally, required minimum distributions must be made over a period not exceeding the life or life expectancy of the individual or the joint lives or life expectancies of the individual and his or her designated Beneficiary. If the required minimum distributions are not made, a 50% federal penalty tax is imposed as to the amount not distributed. It is unclear whether a partial withdrawal taken after an Income Date will have an adverse impact on the determination of required minimum distributions. If you are attempting to satisfy these rules through partial withdrawals, the present value of future benefits provided under the Contract may need to be included in calculating the amount required to be distributed. If you are receiving Annuity Payments or are age 70½ or older, you should consult with a tax adviser before taking a partial withdrawal.

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DISTRIBUTIONS – NON-QUALIFIED CONTRACTS

You, as the Owner, generally will not be taxed on increases in the value of the Contract until an actual or deemed distribution occurs – either as a withdrawal or as Annuity Payments.

Section 72 of the Code governs treatment of distributions. When a withdrawal from a Non-Qualified Contract occurs, the amount received will generally be treated as ordinary income subject to tax up to an amount equal to the excess (if any) of the Contract Value immediately before the distribution over your investment in the Contract (generally, the Purchase Payments or other consideration paid for the Contract, reduced by any amount previously distributed from the Contract that was not subject to tax) at that time. Lifetime Plus Payments are treated as partial withdrawals. While the Benefit Base is greater than the Contract Value, if you begin receiving Lifetime Plus Payments, it is possible that the IRS could assert that the amount you receive will be taxable as ordinary income up to an amount equal to the excess of the Benefit Base immediately before the withdrawal over your investment in the Contract at that time. In the case of a full withdrawal under a Non-Qualified Contract, the amount received generally will be taxable only to the extent it exceeds your investment in the Contract.

If you take an annuitization, different rules apply. Periodic installments (for example, Annuity Payments) scheduled to be received at regular intervals (for example, monthly) should be treated as annuity payments (and not withdrawals) for tax purposes. Upon annuitization, a portion of each Annuity Payment may be treated as a partial return of your Purchase Payment and will not be taxed. The remaining portion of the payment will be treated as ordinary income. How the Annuity Payment is divided between taxable and non-taxable portions depends upon the period over which we expect to make the payments. Once we have paid your total Purchase Payment(s), the entire Annuity Payment is taxable as ordinary income.

Section 72 of the Code further provides that any amount received under an annuity contract, which is included in income, may be subject to a federal penalty tax. The amount of the federal penalty tax is equal to 10% of the amount that is included in income. Some distributions will be exempt from the federal penalty tax. There is an exception to this 10% federal penalty tax for amounts:

1) paid on or after you reach age 59½;

2) paid after you die;

3) paid if you become totally disabled (as that term is defined in Section 72(m)(7) of the Code);

4) paid in a series of substantially equal payments made annually (or more frequently) under a lifetime annuity;

5) paid as annuity payments under an immediate annuity; or

6) that come from Purchase Payments made before August 14, 1982.

With respect to (4) above, if the series of substantially equal periodic payments is modified before the later of your attaining age 59½ or the close of the five year period that began on the Income Date, then the tax for the year of the modification is increased by the 10% federal penalty tax, plus interest, for the tax years in which the exception was used. A partial withdrawal taken after a series of substantially equal periodic payments has begun will result in the modification of the series of substantially equal payments and therefore will result in the imposition of the 10% federal penalty tax and interest for the period as described above. Adding Purchase Payments to a Contract that is making substantially equal periodic payments will also result in a modification of the payments.

REQUIRED DISTRIBUTIONS

Section 72(s) of the Code requires that, to be treated as an annuity contract for federal income tax purposes, a Non-Qualified Contract must contain certain provisions regarding distributions when an Owner dies. Specifically, Section 72(s) requires that: (a) if an Owner dies on or after a Full Annuitization, but before distribution of the entire Contract’s interest, the entire Contract’s interest must be distributed at least as rapidly as under the distribution method being used as of the Owner’s date of death; and (b) if any Owner dies before a Full Annuitization, the Contract’s entire interest must be distributed within five years after the Owner’s date of death. These requirements are satisfied as to any part of an Owner’s interest that is payable to, or for the benefit of, a designated Beneficiary and distributed over the designated Beneficiary’s life, or over a period not extending beyond that Beneficiary’s life expectancy, provided that distributions begin within one year of the Owner’s death. The designated Beneficiary refers to an individual designated by the Owner as a Beneficiary and to whom ownership of the Contract passes by reason of death. However, if the designated Beneficiary is the deceased Owner’s surviving spouse, the surviving spouse can continue the Contract as the new Owner.

Non-Qualified Contracts contain provisions that are intended to comply with these Code requirements.

Other rules may apply to Qualified Contracts.

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WITHHOLDING

Annuity distribution recipients are generally subject to federal income tax withholding. Recipients can, however, generally choose not to have this tax withheld unless withholding is required in their state.

“Eligible rollover distributions” from qualified plans are subject to a mandatory 20% federal income tax withholding. An eligible rollover distribution is any distribution to an employee (or employee’s spouse or former spouse as Beneficiary or alternate Payee) from such a plan, except required minimum distributions required by the Code, a series of substantially equal periodic payments made for life or ten years or more, or hardship distributions. The 20% withholding does not apply, however, to nontaxable distributions or if the employee chooses a “direct rollover” from the Contract plan to a qualified plan, IRA, TSA or 403(b) plan, or to a governmental Section 457 plan that agrees to separately account for rollover contributions.

DIVERSIFICATION

Code Section 817(h) imposes diversification standards on the assets underlying variable annuity contracts. The Code provides that a variable annuity contract cannot be treated as an annuity contract for any period during which its investments are not adequately diversified as required by the United States Treasury Department (Treasury Department). If the Contract no longer qualifies as an annuity contract, you would be subject to federal income tax each year with respect to Contract earnings accrued. The Code contains a safe harbor provision which provides that annuity contracts, such as this Contract, meet the diversification standards if, as of the end of each quarter, the Contract’s underlying assets meet the diversification standards for a regulated investment company and no more than 55% of the total assets consist of cash, cash items, U.S. government securities and securities of other regulated investment companies.

Treasury regulations (Treasury Reg. 1.817-5) amplify the Code’s diversification standards for variable contracts and provide an alternative to this safe harbor provision. We intend that all Contract Investment Options be managed by the investment advisers so that they comply with these diversification standards.

OWNER CONTROL

The Treasury Department has indicated that the diversification regulations do not provide guidance regarding the circumstances in which an Owner’s control of the Separate Account’s investments may cause the Owner to be treated as the owner of the Separate Account’s assets, which would cause the Contract to lose its favorable tax treatment. In certain circumstances, variable annuity contract owners have been considered for federal income tax purposes to be the owners of the separate account’s assets, due to their ability to exercise investment control over those assets. In this case, the contract owners have been currently taxed on income and gains attributable to the variable account assets. There is little guidance in this area and some of our Contracts’ features, such as the flexibility of an Owner to allocate Purchase Payments and transfer amounts among the Investment Options have not been explicitly addressed in published rulings. While we believe that the Contracts do not give Owners investment control over Separate Account assets, we reserve the right to modify the Contracts as necessary to prevent an Owner from being treated as the owner of the Separate Account assets.

CONTRACTS OWNED BY NON-INDIVIDUALS

When a Non-Qualified Contract is owned by a non-individual (for example, certain entities other than a trust holding the Contract as an agent for an individual), the Contract is not generally treated as an annuity for tax purposes. This means that the Contract may not receive the benefits of tax deferral and Contract earnings may be taxed as ordinary income every year. We do not accept corporations as non-individual Owners.

ANNUITY PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS

The preceding discussion provides general information regarding federal income tax consequences to Owners that are U.S. citizens or residents. Owners that are not U.S. citizens or residents are generally subject to 30% federal withholding tax on distributions, unless a lower treaty rate applies. In addition, Owners may be subject to state and/or municipal taxes and taxes that may be imposed by the Owners’ country of citizenship or residence. Prospective purchasers are advised to consult with a qualified tax adviser regarding U.S. state, and foreign taxation with respect to an annuity contract purchase.

INCOME TAX WITHHOLDING

Any part of a distribution that is included in the Owner’s gross income is subject to federal income tax withholding. Generally, we withhold amounts from periodic payments at the same rate as wages, and we withhold 10% from non-periodic payments. However, in most cases, you may elect not to have taxes withheld or to have withholding done at a different rate.

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Certain distributions from retirement plans qualified under Code Section 401, that are not directly rolled over to another eligible retirement plan or IRA, are subject to a mandatory 20% federal income tax withholding. The 20% withholding requirement generally does not apply to:

· a series of substantially equal payments made at least annually for the life or life expectancy of the participant or joint and last survivor expectancy of the participant and a designated Beneficiary, or for a specified period of ten years or more; or

· required minimum distributions; or

· any part of a distribution not included in gross income (for example, returns of after-tax contributions); or

· hardship withdrawals.

Participants should consult a tax adviser regarding withholding requirements.

MULTIPLE CONTRACTS

Code Section 72(e)(12) provides that multiple Non-Qualified deferred annuity contracts issued within the same calendar year to the same owner by one company or its affiliates are treated as one annuity contract for purposes of determining a distribution’s tax consequences. This treatment may result in adverse tax consequences, including more rapid taxation of distribution from combined contracts. For purposes of this rule, contracts received in a Section 1035 exchange are considered issued in the year of the exchange. You should consult a tax adviser before purchasing more than one Non-Qualified Contract in any calendar year period.

PARTIAL 1035 EXCHANGES

Code Section 1035 provides that an annuity contract may be exchanged in a tax-free transaction for another annuity contract. Historically, it was presumed that only the exchange of an entire contract (as opposed to a partial exchange) would be accorded tax-free status. IRS guidance however, confirmed that the direct transfer of a part of an annuity contract into another annuity contract can qualify as a non-taxable exchange. IRS guidance provides that this direct transfer can go into an existing annuity contract as well as a new annuity contract. If you perform a partial 1035 exchange, please be aware that no distributions or withdrawals can occur from the old or new annuity contract within 12 months of the partial exchange, unless you qualify for an exception to this rule. IRS guidance also provides that certain partial exchanges may not qualify as tax-free exchanges. Therefore, Owners should consult their own tax advisers before partial exchanging an annuity contract.

ASSIGNMENTS, PLEDGES AND GRATUITOUS TRANSFERS

Any assignment or pledge (or agreement to assign or pledge) the Contract Value is treated for federal income tax purposes as a full withdrawal. Qualified Contracts generally cannot be assigned or pledged. The Contract’s tax basis is increased by the amount includible as income with respect to such amount or portion, though it is not affected by any other aspect of the assignment or pledge (including its release). If an Owner transfers a Contract without adequate consideration to a person other than in their spouse (or to a former spouse incidental to divorce), the Owner is taxed on the difference between his or her Contract Value and the Contract’s tax basis at the time of transfer and for each subsequent year until the assignment is released. In such case, the transferee’s investment in the Contract is increased to reflect the increase in the transferor’s income.

The transfer or assignment of Contract ownership, the designation of an Annuitant, the selection of certain Income Dates, or a Contract exchange may result in other tax consequences that are not discussed here. An Owner should consult a tax adviser before requesting a transfer, assignment, or exchange.

DEATH BENEFITS

Any death benefit is taxable to the recipient as ordinary income. The rules governing the taxation of payments from an annuity contract generally apply to the payment of death benefits and depend on whether the death benefits are paid as a lump sum or as Annuity Payments. Estate taxes may also apply.

FEDERAL ESTATE TAXES

While no attempt is being made to discuss the Contract’s federal estate tax implications, an Owner should keep in mind the annuity contract’s value payable to a Beneficiary upon the Owner’s death is included in the deceased Owner’s gross estate. Depending on the annuity contract, the annuity’s value included in the gross estate may be the value of the lump sum payment payable to the designated Beneficiary, or the actuarial value of the payments to be received by the Beneficiary. Consult an estate planning adviser for more information.

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GENERATION-SKIPPING TRANSFER TAX

The Code may impose a “generation-skipping transfer tax” when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations may require us to deduct this tax from your Contract, or from any applicable payment, and pay it directly to the IRS.

FOREIGN TAX CREDITS

We may benefit from any foreign tax credits attributable to taxes paid by certain funds to foreign jurisdictions to the extent permitted under the federal tax law.

POSSIBLE TAX LAW CHANGES

Although the likelihood of legislative or regulatory changes is uncertain, there is always the possibility that the Contract’s tax treatment could change. Consult a tax adviser with respect to legislative or regulatory developments and their effect on the Contract.

We have the right to modify the Contract in response to legislative or regulatory changes that could otherwise diminish the favorable tax treatment that annuity owners currently receive. We make no guarantee regarding the tax status of any contract and do not intend the above discussion as tax advice.

ACCUMULATION UNIT VALUES

Each Business Day we determine each subaccount’s accumulation unit value by multiplying the prior Business Day’s accumulation unit value by the net investment factor for the current Business Day. We calculate each accumulation unit value after regular trading on the New York Stock Exchange closes each Business Day. We determine the net investment factor by:

· Adding declared distributions (daily interest, dividends, long term gains and short term gains) for an Investment Option to its net asset value (NAV).

· That result is then divided by the NAV the end of the prior business day to determine the overall daily performance in the Investment Option.

· That calculation is then multiplied by one minus the current Business Day’s mortality and expense risk charge and any additional calendar days since the prior Business Day.

ANNUITY PAYMENTS

We base Annuity Payments on your Contract Value. We guarantee the dollar amount of fixed Annuity Payments (equal installments) and this amount does not change except as provided under Annuity Option 3. If you request fixed Annuity Payments, the amount of Contract Value that you apply to fixed Annuity Payments is placed in our general account and does not participate in the Investment Options’ performance. Fixed Annuity Payments are based on an interest rate and mortality table specified in your Contract. Your Contract’s fixed Annuity Payment rates are guaranteed and we cannot use lower rates.

Variable payments are not predetermined and the dollar amount varies with your selected Investment Options’ performance. We use annuity units to determine your variable Annuity Payment amount.

Annuity Payments end upon the earliest of the following.

· Under Annuity Options 1 and 3, the death of the last surviving Annuitant.

· Under Annuity Options 2 and 4, the death of the last surviving Annuitant and expiration of the guaranteed period. If we make a lump sum payment of the remaining guaranteed Annuity Payments at the death of the last surviving Annuitant, this portion of the Contract ends upon payment of the lump sum.

· Under Annuity Option 5, the death of the Annuitant and payment of any lump sum refund.

· When the Contract ends.

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ANNUITY PAYMENT OPTIONS

The Annuity Payment Options are briefly described in prospectus section 11 – The Annuity Phase, and we included additional information that you may find helpful here.

Option 1. Life Annuity. We make Annuity Payments during the life of the Annuitant, and the last payment is the one that is due before the Annuitant’s death. If the Annuitant dies shortly after the Income Date, the Payee may receive less than your investment in the Contract.

Option 2. Life Annuity with Payments Over 5, 10, 15 or 20 Years Guaranteed. We make Annuity Payments during the life of the Annuitant. If you take one single Full Annuitization and the Annuitant dies before the end of the selected guaranteed period, we continue to make Annuity Payments to the Payee for the rest of the guaranteed period. If the Payee and Annuitant were the same person, we make payments to the Owner. If the Payee, Annuitant and Owner were the same person, we make payments to the Beneficiary(s). If the Annuitant dies after the selected guaranteed period, the last payment is the one that is due before the Annuitant’s death. Alternatively, the Owner may elect to receive a lump sum payment. Under a Partial Annuitization, if the Annuitant dies before the end of the selected guaranteed period, we make a lump sum payment to the Beneficiary. The lump sum payment is equal to the present value of the remaining guaranteed Annuity Payments as of the date we receive proof of the Annuitant’s death and a payment election form at our Service Center. For variable Annuity Payments, in most states, we base the remaining guaranteed Annuity Payments on the current value of the annuity units and we use the assumed investment rate to calculate the present value. For fixed payouts, in most states, we calculate the present value of the remaining guaranteed Annuity Payments using the Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. However, some states require us to use different interest rates for variable and fixed payouts for the present value calculation. We require proof of the Annuitant’s death and return of the Contract before we make any lump sum payment on a Full Annuitization. There are no additional costs associated with a lump sum payment.

Option 3. Joint and Last Survivor Annuity. We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant. Upon the death of one Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant, at a level of 100%, 75% or 50% of the previous amount, as selected by the Owner. Annuity Payments stop with the last payment that is due before the last surviving joint Annuitant’s death. If both Annuitants die shortly after the Income Date, the Payee may receive less than your investment in the Contract. This Annuity Option is not available under a Partial Annuitization.

Option 4. Joint and Last Survivor Annuity with Payments Over 5, 10, 15 or 20 Years Guaranteed. We make Annuity Payments during the lifetimes of the Annuitant and the joint Annuitant. Upon the death of one Annuitant, Annuity Payments continue to the Payee during the lifetime of the surviving joint Annuitant at 100% of the amount that was paid when both Annuitants were alive. However, if both joint Annuitants die before the end of the selected guaranteed period, we continue to make Annuity Payments to the Payee for the rest of the guaranteed period. If the Payee and Annuitant were the same person, we make payments to the Owner. If the Payee, Annuitant and Owner were the same person, we make payments to the Beneficiary(s). If the Annuitant dies after the selected guaranteed period, the last payment is the one that is due before the Annuitant’s death. Alternatively, the Owner may elect to receive a lump sum payment equal to the present value of the remaining guaranteed Annuity Payments as of the date we receive proof of the last surviving joint Annuitant’s death and a payment election form at our Service Center. For variable Annuity Payments, in most states, we base the remaining guaranteed Annuity Payments on the current value of the annuity units and we use the assumed investment rate to calculate the present value. For fixed payouts, in most states, we calculate the present value of the remaining guaranteed Annuity Payments using the Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. However, some states require us to use different interest rates for variable and fixed payouts for the present value calculation. We require proof of death of both joint Annuitants and return of the Contract before we make any lump sum payment. There are no additional costs associated with a lump sum payment. This Annuity Option is not available under a Partial Annuitization.

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Option 5. Refund Life Annuity. We make Annuity Payments during the lifetime of the Annuitant, and the last payment is the one that is due before the Annuitant’s death. After the Annuitant’s death, the Payee may receive a lump sum refund. For a fixed payout, the amount of the refund equals the amount applied to this Annuity Option minus the total paid under this option.

For variable Annuity Payments, the amount of the refund depends on the current Investment Option allocation and is the sum of refund amounts attributable to each Investment Option. We calculate the refund amount for a given Investment Option using the following formula.

(A) x {[(B) x (C) x (D)/(E)] - [(D) x (F)]}

where:

(A)  = annuity unit value of the subaccount for that given Investment Option when due proof of the Annuitant’s death is received at our Service Center.

(B)  = The amount applied to variable Annuity Payments on the Income Date.

(C)  = Allocation percentage in a given subaccount (in decimal form) when due proof of the Annuitant’s death is received at our Service Center.

(D)  = The number of annuity units used in determining each variable Annuity Payment attributable to that given subaccount when due proof of the Annuitant’s death is received at our Service Center.

(E)  = Dollar value of first variable Annuity Payment.

(F)  = Number of variable Annuity Payments made since the Income Date.

We base this calculation upon the allocation of annuity units actually in force at the time due proof of the Annuitant’s death is received at our Service Center. We do not pay a refund if the total refund determined using the above calculation is less than or equal to zero.

EXAMPLE

· The Contract has one Owner who is a 65-year-old male. He selects variable Annuity Payments under Annuity Option 5 based on a Contract Value of $100,000 (item “B”).

· The Owner who is also the Annuitant allocates all the Contract Value to one Investment Option, so the allocation percentage in this subaccount is 100% (item “C”).

· The purchase rate for the selected assumed investment rate is $6.15 per month per thousand dollars of Contract Value annuitized. Therefore, the first variable Annuity Payment is:  $6.15 x ($100,000 / $1,000) = $615 (item “E”).

· Assume the annuity unit value on the Income Date is $12, then the number of annuity units used in determining each Annuity Payment is:  $615 / $12 = 51.25 (item “D”).

· The Owner who is also the Annuitant dies after receiving 62 Annuity Payments (item “F”) and the annuity unit value for the subaccount on the date the Service Center receives due proof of death is $10 (item “A”).

We calculate the refund as follows:

(A) x {[(B) x (C) x (D)/(E)] – [(D) x (F)]} = 10 x {[100,000 x 1.00 x (51.25 / 615)] – [51.25 x 62]} =

10 x {[100,000 x 0.083333] – 3,177.50} = 10 x {8,333.33 – 3,177.50} = 10 x 5,155.83 = $51,558.30

ANNUITY UNITS/CALCULATING VARIABLE ANNUITY PAYMENTS

The first variable Annuity Payment is equal to the Contract Value you apply to variable Annuity Payments on the Income Date, divided first by $1,000 and then multiplied by the appropriate variable annuity payout factor for each $1,000 of value for your selected Annuity Option.

We then purchase a fixed number of annuity units on the Income Date for each subaccount of the Investment Options you select. We do this by dividing the amount of the first Annuity Payment among your selected Investment Options’ subaccounts according to your future Purchase Payment allocation instructions. We then divide the Annuity Payment amount in each subaccount by the subaccount’s annuity unit value.

We determine the annuity unit value on each Business Day as follows:

· we multiply the annuity unit value for the immediately preceding Business Day by the net investment factor for the current Business Day; and

· divide by the assumed net investment factor for the current Business Day.

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The assumed net investment factor for the current Business Day is one plus the annual assumed investment rate (AIR) adjusted to reflect the number of calendar days that lapsed since the immediately preceding Business Day. We allow an AIR of 3%, 5% or 7% based on your selection and applicable state law.

Thereafter, the number of subaccount annuity units remains unchanged unless you make a transfer. However, the number of annuity units changes if Annuity Option 3 is in effect, one Annuitant dies, and you requested Annuity Payments at 75% or 50% of the previous payment amount. All calculations appropriately reflect your selected payment frequency.

The Annuity Payment on each subsequent payment date is equal to the sum of the Annuity Payments for each subaccount. We determine the Annuity Payment for each subaccount by multiplying the subaccount’s number of annuity units by the annuity unit value on the payment date.

FINANCIAL STATEMENTS

The audited consolidated financial statements of Allianz Life as of and for the year ended December 31, 2011 are included in Part C of the Registration Statement and are incorporated herein by reference. The financial statements should be considered only as bearing upon the ability of Allianz Life to meet its obligations under the Contracts. The audited financial statements of the Separate Account as of and for the year ended December 31, 2011 are also included in Part C of the Registration Statement and are incorporated herein by reference.

APPENDIX A – DEATH OF THE OWNER AND/OR ANNUITANT

The following tables are intended to help you better understand what happens upon the death of any Owner and/or Annuitant under the different portions of the Contract. If you have the Income Protector rider (05.12) issued in California, Lifetime Plus Payments end as described in prospectus section 11.a, Income Protector. For all other Lifetime Benefits or Income Protector riders, Lifetime Plus Payments end as described here.

UPON THE DEATH OF A SOLE OWNER
Action under the portion of the Contract that is in the Accumulation Phase			Action under any portion of the Contract applied to Annuity Payments
·	We pay a death benefit to the Beneficiary unless the surviving spouse continues the Contract.(1) If the surviving spouse continues the Contract, they become the new Owner and the Accumulation Phase continues for the remainder of their lifetime.		·	The Beneficiary becomes the Owner.
			·	If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable.
·	If you selected a Lifetime Benefit or Income Protector with:		·	If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows.
	–	single Lifetime Plus Payments, the benefit ends; or		–	Annuity Option 1 or 3, payments end.
	–	joint Lifetime Plus Payments, the benefit ends unless the surviving spouse who is also a Covered Person continues the Contract.		–	Annuity Option 2 or 4, payments end on the earlier of the end of the guaranteed period or the payment of any lump sum.
				–	Annuity Option 5, payments end and the Payee may receive a lump sum refund.
			·	If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable.
(1)	If the surviving spouse continues the Contract, we increase the Contract Value to equal the death benefit if that amount is greater than the Contract Value as of the end of the Business Day we receive in Good Order at our Service Center the death benefit payment option and due proof of death.

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UPON THE DEATH OF A JOINT OWNER (NOTE: Joint Owners cannot take Partial Annuitizations)
Action under the portion of the Contract that is in the Accumulation Phase			Action under any portion of the Contract applied to Annuity Payments
·	The surviving Joint Owner is the sole primary Beneficiary. If the Joint Owners were spouses there may also be contingent Beneficiaries.		·	The surviving Joint Owner becomes the sole Owner.
			·	If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable.
·	We pay a death benefit to the surviving Joint Owner.(1)		·	If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows.
·	If you selected a Lifetime Benefit or Income Protector with:			–	Annuity Option 1 or 3, payments end.
	–	single Lifetime Plus Payments and the Joint Owners were not spouses, the benefit ends even if the Covered Person is still alive;		–	Annuity Option 2 or 4, payments end on the earlier of the end of the guaranteed period or the payment of any lump sum.
	–	single Lifetime Plus Payments and the Joint Owners were spouses, the benefit ends unless the surviving spouse who is also the Covered Person continues the Contract; or		–	Annuity Option 5, payments end and the Payee may receive a lump sum refund.
	–	joint Lifetime Plus Payments, the benefit ends unless the surviving spouse who is also a Covered Person continues the Contract.(2)	·	If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable.
(1)	If the surviving Joint Owner is the deceased’s spouse, and continues the Contract, we increase the Contract Value to equal the death benefit if that amount is greater than the Contract Value as of the end of the Business Day we receive in Good Order at our Service Center the death benefit payment election and due proof of death. If both Joint Owners die before we pay the death benefit, we pay any contingent Beneficiaries, or the estate of the Joint Owner who died last if there are no contingent Beneficiaries.
(2)	If the surviving spouse continues the Contract after the Benefit Date, the annual maximum payment may increase based on the age of the surviving Covered Person and the current Contract Value.

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UPON THE DEATH OF THE ANNUITANT AND THERE IS NO SURVIVING JOINT ANNUITANT
Action under the portion of the Contract that is in the Accumulation Phase			Action under any portion of the Contract applied to Annuity Payments
·	If the Contract is owned by a non-individual, we treat the death of the Annuitant as the death of an Owner; we pay the Beneficiary(1) a death benefit, and a new Annuitant cannot be named.		·	Annuity Payments end or continue as follows.
				–	Annuity Option 1 or 3, payments end.
				–	Annuity Option 2 or 4, payments end on the earlier of the end of the guaranteed period or the payment of any lump sum.
				–	Annuity Option 5, payments end and the Payee may receive a lump sum refund.
·	If the deceased Annuitant was not an Owner, and the Contract is owned only by an individual(s), we do not pay a death benefit. The Owner can name a new Annuitant subject to our approval.		·	If the deceased was a sole Owner, the Beneficiary becomes the Owner if the Contract continues.
			·	If the deceased was a Joint Owner, the surviving Joint Owner becomes the sole Owner if the Contract continues.
·	If the deceased Annuitant was a sole Owner, we pay a death benefit to the Beneficiary unless the surviving spouse continues the Contract.(1)
·	If the deceased Annuitant was a Joint Owner and there is a surviving Joint Owner, the surviving Joint Owner is the sole primary Beneficiary. If the Joint Owners were spouses, there may also be contingent Beneficiaries. We pay a death benefit to the surviving Joint Owner.(2)
·	If you selected a Lifetime Benefit or Income Protector with:
	–	single Lifetime Plus Payments and the Contract is solely owned or owned by a non-individual, the benefit ends;
	–	single Lifetime Plus Payments and the Contract is jointly owned by non-spouses, the benefit ends, even if the Covered Person is still alive;
	–	single Lifetime Plus Payments and the Contract is jointly owned by spouses, the benefit ends, unless the surviving spouse who is also the Covered Person continues the Contract;(3) or
	–	joint Lifetime Plus Payments, the benefit ends, unless the surviving spouse who is also a Covered Person continues the Contract.(3)
(1)	If the Beneficiary is the deceased’s spouse, and continues the Contract as the new Owner, we increase the Contract Value to equal the death benefit if that amount is greater than the Contract Value as of the end of the Business Day we receive in Good Order at our Service Center the death benefit payment election and due proof of death.
(2)	If the surviving Joint Owner is the deceased’s spouse, and continues the Contract we increase the Contract Value to equal the death benefit if that amount is greater than the Contract Value as of the end of the Business Day we receive in Good Order at our Service Center the death benefit payment election and due proof of death. If both Joint Owners die before we pay the death benefit, we pay any contingent Beneficiaries, or the estate of the Joint Owner who died last if there are no contingent Beneficiaries.
(3)	If the surviving spouse continues the Contract after the Benefit Date, then Lifetime Plus Payments continue at the prior amount. For joint Lifetime Plus Payments, the annual maximum payment may increase based on the age of the surviving Covered Person and the current Contract Value.

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UPON THE DEATH OF THE ANNUITANT AND THERE IS A SURVIVING JOINT ANNUITANT (NOTE: We only allow joint Annuitants on Full Annuitization)
·	Only Annuity Options 3 and 4 allow joint Annuitants. Under Annuity Option 3 payments end on the death of the surviving joint Annuitant. Under Annuity Option 4 payments end on the later of the death of the surviving joint Annuitant or the end of the guaranteed period. However, if both joint Annuitant’s die before the end of the guaranteed period and the Owner chooses to take a lump sum payment, Annuity Payments end with the lump sum payment.	·	No death benefit is payable.
		·	If the deceased was a sole Owner, the Beneficiary becomes the Owner.
		·	If the deceased was a Joint Owner, the surviving Joint Owner becomes the sole Owner.

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APPENDIX B – CONDENSED FINANCIAL INFORMATION

The financial statements of Allianz Life Insurance Company of North America and the financial statements of Allianz Life Variable Account B are included in Part C of the Registration Statement.

Accumulation unit value (AUV) information corresponding to the highest and lowest combination of M&E charges for the Contract as of the end of the most recent calendar year are found in the prospectus – Appendix B. A separate rider charge may also apply to your Contract if you select Income Protector or Investment Protector, which is not reflected in the table below. See the Fee Tables for further information regarding the rider charge. AUV information for the additional combinations of charges are found below.

This information should be read in conjunction with the financial statements and related Separate Account notes that are included in Part C of the Registration Statement.

Key to Benefit Option*		M&E Charge
VISB 1	Allianz Vision – Contract with Bonus Option	1.70%
VISB 10	Allianz Vision – Contract with Bonus Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with Bonus Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.95%
VISB 11	Allianz Vision – Contract with Bonus Option and Target Date Retirement Benefit	2.10%
VISB 13	Allianz Vision – Contract with Bonus Option, Quarterly Value Death and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	3.10%
VISB 14	Allianz Vision – Contract with Target Date 10 Benefit and Quarterly Value Death Benefit (issued January 26, 2009 and after); and Contract with Bonus Option and theTarget Date 10 Benefit (issued January 26, 2009 and after)	2.25%
VISB 2	Allianz Vision – Contract with Bonus Option and Quarterly Value Death Benefit	2.00%
VISB 3	Allianz Vision – Contract with Bonus Option, Quarterly Value Death Benefit and Target Date Retirement Benefit; Contract with Bonus Option and single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Bonus Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.40%
VISB 4	Allianz Vision – Contract with Bonus Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Bonus Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.70%
VISB 5	Allianz Vision – Contract with Bonus Option and joint Lifetime Plus Payments under Lifetime Plus Benefit; Contract with Bonus Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin), or Contract with Bonus Option, Target 10 Benefit, and Quarterly Value Death Benefit (issued January 26, 2009 and after)	2.55%
VISB 6	Allianz Vision – Contract with Bonus Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Bonus Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.85%
VISB 7	Allianz Vision – Contract with Bonus Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin)	2.50%
VISB 8	Allianz Vision – Contract with Bonus Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with Bonus Option, and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.80%
VISB 9	Allianz Vision – Contract with Bonus Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with Bonus Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.65%

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Key to Benefit Option*		M&E Charge
VISC 1	Allianz Vision – Contract with No Withdrawal Charge Option, Quarterly Value Death Benefit and Target Date Retirement Benefit; Contract with No Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with No Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.45%
VISC 10	Allianz Vision – Contract with No Withdrawal Charge, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with No Withdrawal Charge Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	3.00%
VISC 11	Allianz Vision – Contract with Target Date 10 Benefit and No Withdrawal Option (issued January 26, 2009 and after)	2.30%
VISC 12	Allianz Vision – Contract with No Withdrawal Charge Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	3.15%
VISC 13	Allianz Vision – Contract with No Withdrawal Charge Option	1.75%
VISC 2	Allianz Vision – Contract with No Withdrawal Charge, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with No Withdrawal Charge Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.75%
VISC 3	Allianz Vision – Contract with No Withdrawal Charge and joint Lifetime Plus Payments under Lifetime Plus Benefit; Contract with No Withdrawal Charge Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin); and Contract with Target Date 10 Benefit, No Withdrawal Charge Option and Quarterly Value Death Benefit	2.60%
VISC 4	Allianz Vision – Contract with No Withdrawal Charge Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with No Withdrawal Charge Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.90%
VISC 5	Allianz Vision – Contract with No Withdrawal Charge Option and Target Date Retirement Benefit	2.15%
VISC 7	Allianz Vision – Contract with No Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin)	2.55%
VISC 8	Allianz Vision – Contract with No Withdrawal Charge Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with No Withdrawal Charge Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.85%
VISC 9	Allianz Vision – Contract with No Withdrawal Charge Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with No Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.70%
VISI 10	Allianz Vision – Contract with Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.65%
VISI 11	Allianz Vision – Contract with Target Date Retirement Benefit	1.80%
VISI 13	Allianz Vision – Contract with Target Date 10 Benefit (issued January 26, 2009 and after)	1.95%
VISI 14	Allianz Vision – Contract with Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.80%
VISI 2	Allianz Vision – Contract with Quarterly Value Death Benefit	1.70%
VISI 3	Allianz Vision – Contract with Quarterly Value Death Benefit and Target Date Retirement Benefit; Contract with single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.10%

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Key to Benefit Option*		M&E Charge
VISI 4	Allianz Vision – Contract with Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.40%
VISI 5	Allianz Vision – Contract with joint Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.25%
VISI 6	Allianz Vision – Contract with Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.55%
VISI 7	Allianz Vision – Contract with single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin)	2.20%
VISI 8	Allianz Vision – Contract with Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.50%
VISI 9	Allianz Vision – Contract with joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.35%
VISL 1	Allianz Vision – Contract with Short Withdrawal Charge Option	1.65%
VISL 10	Allianz Vision – Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.90%
VISL 11	Allianz Vision – Contract with Short Withdrawal Charge Option and Target Date Retirement Benefit	2.05%
VISL 13	Allianz Vision – Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	3.05%
VISL 14	Allianz Vision – Contract with Target Date 10 Benefit and Short Withdrawal Option	2.20%
VISL 2	Allianz Vision – Contract with Short Withdrawal Charge Option and Quarterly Value Death Benefit	1.95%
VISL 3	Allianz Vision – Contract with Short Withdrawal Charge, Quarterly Value Death Benefit and Target Date Retirement Benefit; Contract with Short Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Short Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.35%
VISL 4	Allianz Vision – Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.65%
VISL 5	Allianz Vision – Contract with Short Withdrawal Charge Option and joint Lifetime Plus Payments under Lifetime Plus Benefit; Contract with Short Withdrawal Charge Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin); and Contract with Target Date 10 Benefit, Short Withdrawal Charge Option and Quarterly Value Death Benefit	2.50%
VISL 6	Allianz Vision – Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus Benefit; and Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (once payments begin)	2.80%
VISL 7	Allianz Vision – Contract with Short Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin)	2.45%

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Key to Benefit Option*		M&E Charge
VISL 8	Allianz Vision – Contract with Short Withdrawal Charge Option, Quarterly Value Death Benefit and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with Short Withdrawal Charge Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.75%
VISL 9	Allianz Vision – Contract with Short Withdrawal Charge Option and joint Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (before payments begin); and Contract with Short Withdrawal Charge Option and single Lifetime Plus Payments under Lifetime Plus II Benefit or Lifetime Plus 10 Benefit (issued January 26, 2009 and after)	2.60%

The following Investment Options commenced operations under this Contract after December 31, 2011. Therefore, no AUV information is shown for them: AZL MVP Balanced Index Strategy Fund; AZL MVP BlackRock Global Allocation Fund; AZL MVP Franklin Templeton Founding Strategy Plus Fund; AZL MVP Fusion Balanced Fund; AZL MVP Fusion Moderate Fund; AZL MVP Growth Index Strategy Fund; AZL MVP Invesco Equity and Income Fund; PIMCO VIT Global Multi-Asset Managed Volatility Portfolio.

(Number of Accumulation Units in thousands)

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

AZL Allianz AGIC Opportunity Fund

VISB 1   1.70%

                      12/31/2007              N/A              16.390 98

                      12/31/2008              16.390              8.515 143

                      12/31/2009              8.515              13.236 39

                      12/31/2010              13.236              15.457 27

                      12/31/2011              15.457              13.444 28

VISB 10   2.95%

                      12/31/2007              N/A              15.268 0

                      12/31/2008              15.268              7.833 9

                      12/31/2009              7.833              12.025 20

                      12/31/2010              12.025              13.868 46

                      12/31/2011              13.868              11.913 13

VISB 11   2.10%

                      12/31/2008              N/A              8.291 14

                      12/31/2009              8.291              12.836 15

                      12/31/2010              12.836              14.930 16

                      12/31/2011              14.930              12.934 7

VISB 13   3.10%

                      12/31/2009              N/A              11.887 0

                      12/31/2010              11.887              13.689 0

                      12/31/2011              13.689              11.741 0

VISB 14   2.25%

                      12/31/2009              N/A              12.689 5

                      12/31/2010              12.689              14.737 3

                      12/31/2011              14.737              12.748 3

VISB 2   2.00%

                      12/31/2007              N/A              16.114 14

                      12/31/2008              16.114              8.346 15

                      12/31/2009              8.346              12.935 2

                      12/31/2010              12.935              15.060 12

                      12/31/2011              15.060              13.060 9

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              15.752 0

                      12/31/2008              15.752              8.126 33

                      12/31/2009              8.126              12.544 87

                      12/31/2010              12.544              14.546 76

                      12/31/2011              14.546              12.564 76

VISB 4   2.70%

                      12/31/2007              N/A              15.486 0

                      12/31/2008              15.486              7.965 2

                      12/31/2009              7.965              12.258 18

                      12/31/2010              12.258              14.173 32

                      12/31/2011              14.173              12.205 23

VISB 5   2.55%

                      12/31/2007              N/A              15.618 0

                      12/31/2008              15.618              8.045 7

                      12/31/2009              8.045              12.400 66

                      12/31/2010              12.400              14.358 66

                      12/31/2011              14.358              12.383 69

VISB 6   2.85%

                      12/31/2007              N/A              15.355 0

                      12/31/2008              15.355              7.886 4

                      12/31/2009              7.886              12.118 4

                      12/31/2010              12.118              13.989 3

                      12/31/2011              13.989              12.029 6

VISB 7   2.50%

                      12/31/2007              N/A              15.663 0

                      12/31/2008              15.663              8.072 42

                      12/31/2009              8.072              12.448 77

                      12/31/2010              12.448              14.421 75

                      12/31/2011              14.421              12.443 75

VISB 8   2.80%

                      12/31/2007              N/A              15.398 0

                      12/31/2008              15.398              7.912 8

                      12/31/2009              7.912              12.164 22

                      12/31/2010              12.164              14.050 27

                      12/31/2011              14.050              12.087 39

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

20

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 9   2.65%

                      12/31/2007              N/A              15.530 0

                      12/31/2008              15.530              7.992 58

                      12/31/2009              7.992              12.305 101

                      12/31/2010              12.305              14.234 83

                      12/31/2011              14.234              12.264 76

VISC 1   2.45%

                      12/31/2008              N/A              8.099 1

                      12/31/2009              8.099              12.496 3

                      12/31/2010              12.496              14.483 1

                      12/31/2011              14.483              12.503 0

VISC 10   3.00%

                      12/31/2008              N/A              7.807 0

                      12/31/2009              7.807              11.979 0

                      12/31/2010              11.979              13.808 1

                      12/31/2011              13.808              11.855 0

VISC 11   2.30%

                      12/31/2009              N/A              12.640 0

                      12/31/2010              12.640              14.673 0

                      12/31/2011              14.673              12.686 0

VISC 12   3.15%

                      12/31/2009              N/A              11.842 0

                      12/31/2010              11.842              13.630 0

                      12/31/2011              13.630              11.685 0

VISC 13   1.75%

                      12/31/2009              N/A              13.175 0

                      12/31/2010              13.175              15.378 0

                      12/31/2011              15.378              13.369 0

VISC 14   2.05%

                      12/31/2009              N/A              12.885 0

                      12/31/2010              12.885              14.995 0

                      12/31/2011              14.995              12.997 0

VISC 2   2.75%

                      12/31/2008              N/A              7.939 0

                      12/31/2009              7.939              12.211 0

                      12/31/2010              12.211              14.111 0

                      12/31/2011              14.111              12.146 0

VISC 3   2.60%

                      12/31/2008              N/A              8.019 0

                      12/31/2009              8.019              12.352 1

                      12/31/2010              12.352              14.296 0

                      12/31/2011              14.296              12.323 0

VISC 4   2.90%

                      12/31/2008              N/A              7.860 0

                      12/31/2009              7.860              12.071 0

                      12/31/2010              12.071              13.929 0

                      12/31/2011              13.929              11.971 0

VISC 5   2.15%

                      12/31/2008              N/A              8.263 0

                      12/31/2009              8.263              12.787 6

                      12/31/2010              12.787              14.865 1

                      12/31/2011              14.865              12.872 0

VISC 7   2.55%

                      12/31/2008              N/A              8.045 0

                      12/31/2009              8.045              12.400 6

                      12/31/2010              12.400              14.358 4

                      12/31/2011              14.358              12.383 2

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 8   2.85%

                      12/31/2008              N/A              7.886 1

                      12/31/2009              7.886              12.118 1

                      12/31/2010              12.118              13.989 1

                      12/31/2011              13.989              12.029 2

VISC 9   2.70%

                      12/31/2008              N/A              7.965 4

                      12/31/2009              7.965              12.258 5

                      12/31/2010              12.258              14.173 5

                      12/31/2011              14.173              12.205 4

VISI 1   1.40%

                      12/31/2007              N/A              16.672 0

                      12/31/2008              16.672              8.688 0

                      12/31/2009              8.688              13.545 0

                      12/31/2010              13.545              15.865 0

                      12/31/2011              15.865              13.840 0

VISI 10   2.65%

                      12/31/2007              N/A              15.530 0

                      12/31/2008              15.530              7.992 13

                      12/31/2009              7.992              12.305 25

                      12/31/2010              12.305              14.234 29

                      12/31/2011              14.234              12.264 36

VISI 11   1.80%

                      12/31/2008              N/A              8.459 17

                      12/31/2009              8.459              13.135 47

                      12/31/2010              13.135              15.324 59

                      12/31/2011              15.324              13.315 63

VISI 13   1.95%

                      12/31/2009              N/A              12.985 69

                      12/31/2010              12.985              15.126 70

                      12/31/2011              15.126              13.123 65

VISI 14   2.80%

                      12/31/2009              N/A              12.164 3

                      12/31/2010              12.164              14.050 0

                      12/31/2011              14.050              12.087 0

VISI 2   1.70%

                      12/31/2007              N/A              16.390 19

                      12/31/2008              16.390              8.515 22

                      12/31/2009              8.515              13.236 15

                      12/31/2010              13.236              15.457 30

                      12/31/2011              15.457              13.444 38

VISI 3   2.10%

                      12/31/2007              N/A              16.022 0

                      12/31/2008              16.022              8.291 62

                      12/31/2009              8.291              12.836 90

                      12/31/2010              12.836              14.930 120

                      12/31/2011              14.930              12.934 137

VISI 4   2.40%

                      12/31/2007              N/A              15.752 0

                      12/31/2008              15.752              8.126 8

                      12/31/2009              8.126              12.544 21

                      12/31/2010              12.544              14.546 21

                      12/31/2011              14.546              12.564 25

VISI 5   2.25%

                      12/31/2007              N/A              15.887 0

                      12/31/2008              15.887              8.208 42

                      12/31/2009              8.208              12.689 86

                      12/31/2010              12.689              14.737 84

                      12/31/2011              14.737              12.748 91

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

21

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 6   2.55%

                      12/31/2007              N/A              15.618 0

                      12/31/2008              15.618              8.045 3

                      12/31/2009              8.045              12.400 18

                      12/31/2010              12.400              14.358 18

                      12/31/2011              14.358              12.383 17

VISI 7   2.20%

                      12/31/2007              N/A              15.932 0

                      12/31/2008              15.932              8.236 118

                      12/31/2009              8.236              12.738 156

                      12/31/2010              12.738              14.801 147

                      12/31/2011              14.801              12.810 147

VISI 8   2.50%

                      12/31/2007              N/A              15.663 0

                      12/31/2008              15.663              8.072 20

                      12/31/2009              8.072              12.448 54

                      12/31/2010              12.448              14.421 36

                      12/31/2011              14.421              12.443 32

VISI 9   2.35%

                      12/31/2007              N/A              15.797 0

                      12/31/2008              15.797              8.154 65

                      12/31/2009              8.154              12.592 142

                      12/31/2010              12.592              14.610 123

                      12/31/2011              14.610              12.625 121

VISL 1   1.65%

                      12/31/2007              N/A              16.437 30

                      12/31/2008              16.437              8.544 33

                      12/31/2009              8.544              13.287 16

                      12/31/2010              13.287              15.525 32

                      12/31/2011              15.525              13.510 35

VISL 10   2.90%

                      12/31/2007              N/A              15.311 0

                      12/31/2008              15.311              7.860 4

                      12/31/2009              7.860              12.071 19

                      12/31/2010              12.071              13.929 13

                      12/31/2011              13.929              11.971 14

VISL 11   2.05%

                      12/31/2008              N/A              8.319 2

                      12/31/2009              8.319              12.885 21

                      12/31/2010              12.885              14.995 12

                      12/31/2011              14.995              12.997 12

VISL 13   3.05%

                      12/31/2009              N/A              11.933 6

                      12/31/2010              11.933              13.749 0

                      12/31/2011              13.749              11.798 0

VISL 14   2.20%

                      12/31/2009              N/A              12.738 3

                      12/31/2010              12.738              14.801 1

                      12/31/2011              14.801              12.810 4

VISL 2   1.95%

                      12/31/2007              N/A              16.159 9

                      12/31/2008              16.159              8.374 15

                      12/31/2009              8.374              12.985 5

                      12/31/2010              12.985              15.126 13

                      12/31/2011              15.126              13.123 11

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 3   2.35%

                      12/31/2007              N/A              15.797 0

                      12/31/2008              15.797              8.154 30

                      12/31/2009              8.154              12.592 55

                      12/31/2010              12.592              14.610 52

                      12/31/2011              14.610              12.625 55

VISL 4   2.65%

                      12/31/2007              N/A              15.530 0

                      12/31/2008              15.530              7.992 1

                      12/31/2009              7.992              12.305 8

                      12/31/2010              12.305              14.234 8

                      12/31/2011              14.234              12.264 10

VISL 5   2.50%

                      12/31/2007              N/A              15.663 0

                      12/31/2008              15.663              8.072 17

                      12/31/2009              8.072              12.448 40

                      12/31/2010              12.448              14.421 39

                      12/31/2011              14.421              12.443 48

VISL 6   2.80%

                      12/31/2007              N/A              15.398 0

                      12/31/2008              15.398              7.912 2

                      12/31/2009              7.912              12.164 7

                      12/31/2010              12.164              14.050 8

                      12/31/2011              14.050              12.087 6

VISL 7   2.45%

                      12/31/2007              N/A              15.707 0

                      12/31/2008              15.707              8.099 31

                      12/31/2009              8.099              12.496 61

                      12/31/2010              12.496              14.483 43

                      12/31/2011              14.483              12.503 40

VISL 8   2.75%

                      12/31/2007              N/A              15.442 0

                      12/31/2008              15.442              7.939 0

                      12/31/2009              7.939              12.211 24

                      12/31/2010              12.211              14.111 9

                      12/31/2011              14.111              12.146 9

VISL 9   2.60%

                      12/31/2007              N/A              15.574 0

                      12/31/2008              15.574              8.019 21

                      12/31/2009              8.019              12.352 21

                      12/31/2010              12.352              14.296 20

                      12/31/2011              14.296              12.323 45

AZL Balanced Index Strategy Fund

VISB 1   1.70%

                      12/31/2009              N/A              10.029 60

                      12/31/2010              10.029              10.895 575

                      12/31/2011              10.895              10.970 686

VISB 10   2.95%

                      12/31/2009              N/A              10.005 269

                      12/31/2010              10.005              10.734 255

                      12/31/2011              10.734              10.674 208

VISB 11   2.10%

                      12/31/2009              N/A              10.021 397

                      12/31/2010              10.021              10.843 580

                      12/31/2011              10.843              10.874 769

VISB 13   3.10%

                      12/31/2009              N/A              10.002 17

                      12/31/2010              10.002              10.715 18

                      12/31/2011              10.715              10.639 12

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

22

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 14   2.25%

                      12/31/2009              N/A              10.018 117

                      12/31/2010              10.018              10.824 88

                      12/31/2011              10.824              10.839 71

VISB 2   2.00%

                      12/31/2009              N/A              10.023 60

                      12/31/2010              10.023              10.856 289

                      12/31/2011              10.856              10.898 317

VISB 3   2.40%

                      12/31/2009              N/A              10.015 163

                      12/31/2010              10.015              10.804 254

                      12/31/2011              10.804              10.803 308

VISB 4   2.70%

                      12/31/2009              N/A              10.010 24

                      12/31/2010              10.010              10.766 24

                      12/31/2011              10.766              10.732 21

VISB 5   2.55%

                      12/31/2009              N/A              10.013 123

                      12/31/2010              10.013              10.785 94

                      12/31/2011              10.785              10.768 91

VISB 6   2.85%

                      12/31/2009              N/A              10.007 4

                      12/31/2010              10.007              10.747 4

                      12/31/2011              10.747              10.697 5

VISB 7   2.50%

                      12/31/2009              N/A              10.013 267

                      12/31/2010              10.013              10.792 177

                      12/31/2011              10.792              10.779 196

VISB 8   2.80%

                      12/31/2009              N/A              10.008 162

                      12/31/2010              10.008              10.753 174

                      12/31/2011              10.753              10.709 160

VISB 9   2.65%

                      12/31/2009              N/A              10.011 400

                      12/31/2010              10.011              10.772 378

                      12/31/2011              10.772              10.744 384

VISC 1   2.45%

                      12/31/2009              N/A              10.014 11

                      12/31/2010              10.014              10.798 12

                      12/31/2011              10.798              10.791 17

VISC 10   3.00%

                      12/31/2009              N/A              10.004 4

                      12/31/2010              10.004              10.727 4

                      12/31/2011              10.727              10.662 4

VISC 11   2.30%

                      12/31/2009              N/A              10.017 11

                      12/31/2010              10.017              10.817 14

                      12/31/2011              10.817              10.827 16

VISC 12   3.15%

                      12/31/2009              N/A              10.001 0

                      12/31/2010              10.001              10.708 0

                      12/31/2011              10.708              10.627 0

VISC 13   1.75%

                      12/31/2009              N/A              10.028 31

                      12/31/2010              10.028              10.888 140

                      12/31/2011              10.888              10.958 154

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 14   2.05%

                      12/31/2009              N/A              10.022 0

                      12/31/2010              10.022              10.850 0

                      12/31/2011              10.850              10.886 0

VISC 2   2.75%

                      12/31/2009              N/A              10.009 6

                      12/31/2010              10.009              10.759 6

                      12/31/2011              10.759              10.721 6

VISC 3   2.60%

                      12/31/2009              N/A              10.012 3

                      12/31/2010              10.012              10.779 3

                      12/31/2011              10.779              10.756 3

VISC 4   2.90%

                      12/31/2009              N/A              10.006 0

                      12/31/2010              10.006              10.740 0

                      12/31/2011              10.740              10.685 0

VISC 5   2.15%

                      12/31/2009              N/A              10.020 79

                      12/31/2010              10.020              10.837 49

                      12/31/2011              10.837              10.862 47

VISC 7   2.55%

                      12/31/2009              N/A              10.013 14

                      12/31/2010              10.013              10.785 20

                      12/31/2011              10.785              10.768 7

VISC 8   2.85%

                      12/31/2009              N/A              10.007 67

                      12/31/2010              10.007              10.747 73

                      12/31/2011              10.747              10.697 69

VISC 9   2.70%

                      12/31/2009              N/A              10.010 35

                      12/31/2010              10.010              10.766 34

                      12/31/2011              10.766              10.732 31

VISI 1   1.40%

                      12/31/2009              N/A              10.035 0

                      12/31/2010              10.035              10.934 0

                      12/31/2011              10.934              11.042 0

VISI 10   2.65%

                      12/31/2009              N/A              10.011 272

                      12/31/2010              10.011              10.772 251

                      12/31/2011              10.772              10.744 225

VISI 11   1.80%

                      12/31/2009              N/A              10.027 1379

                      12/31/2010              10.027              10.882 1435

                      12/31/2011              10.882              10.946 1549

VISI 13   1.95%

                      12/31/2009              N/A              10.024 449

                      12/31/2010              10.024              10.863 514

                      12/31/2011              10.863              10.910 660

VISI 14   2.80%

                      12/31/2009              N/A              10.008 94

                      12/31/2010              10.008              10.753 77

                      12/31/2011              10.753              10.709 80

VISI 2   1.70%

                      12/31/2009              N/A              10.029 84

                      12/31/2010              10.029              10.895 716

                      12/31/2011              10.895              10.970 1074

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

23

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 3   2.10%

                      12/31/2009              N/A              10.021 423

                      12/31/2010              10.021              10.843 486

                      12/31/2011              10.843              10.874 483

VISI 4   2.40%

                      12/31/2009              N/A              10.015 20

                      12/31/2010              10.015              10.804 17

                      12/31/2011              10.804              10.803 16

VISI 5   2.25%

                      12/31/2009              N/A              10.018 200

                      12/31/2010              10.018              10.824 211

                      12/31/2011              10.824              10.839 224

VISI 6   2.55%

                      12/31/2009              N/A              10.013 5

                      12/31/2010              10.013              10.785 11

                      12/31/2011              10.785              10.768 13

VISI 7   2.20%

                      12/31/2009              N/A              10.019 370

                      12/31/2010              10.019              10.830 355

                      12/31/2011              10.830              10.850 337

VISI 8   2.50%

                      12/31/2009              N/A              10.013 921

                      12/31/2010              10.013              10.792 1023

                      12/31/2011              10.792              10.779 997

VISI 9   2.35%

                      12/31/2009              N/A              10.016 1259

                      12/31/2010              10.016              10.811 1221

                      12/31/2011              10.811              10.815 1310

VISL 1   1.65%

                      12/31/2009              N/A              10.030 187

                      12/31/2010              10.030              10.901 1560

                      12/31/2011              10.901              10.982 2065

VISL 10   2.90%

                      12/31/2009              N/A              10.006 145

                      12/31/2010              10.006              10.740 149

                      12/31/2011              10.740              10.685 117

VISL 11   2.05%

                      12/31/2009              N/A              10.022 796

                      12/31/2010              10.022              10.850 854

                      12/31/2011              10.850              10.886 495

VISL 13   3.05%

                      12/31/2009              N/A              10.003 72

                      12/31/2010              10.003              10.721 85

                      12/31/2011              10.721              10.650 67

VISL 14   2.20%

                      12/31/2009              N/A              10.019 128

                      12/31/2010              10.019              10.830 126

                      12/31/2011              10.830              10.850 135

VISL 2   1.95%

                      12/31/2009              N/A              10.024 83

                      12/31/2010              10.024              10.863 359

                      12/31/2011              10.863              10.910 498

VISL 3   2.35%

                      12/31/2009              N/A              10.016 218

                      12/31/2010              10.016              10.811 217

                      12/31/2011              10.811              10.815 218

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 4   2.65%

                      12/31/2009              N/A              10.011 15

                      12/31/2010              10.011              10.772 15

                      12/31/2011              10.772              10.744 28

VISL 5   2.50%

                      12/31/2009              N/A              10.013 252

                      12/31/2010              10.013              10.792 283

                      12/31/2011              10.792              10.779 265

VISL 6   2.80%

                      12/31/2009              N/A              10.008 7

                      12/31/2010              10.008              10.753 7

                      12/31/2011              10.753              10.709 7

VISL 7   2.45%

                      12/31/2009              N/A              10.014 179

                      12/31/2010              10.014              10.798 197

                      12/31/2011              10.798              10.791 186

VISL 8   2.75%

                      12/31/2009              N/A              10.009 407

                      12/31/2010              10.009              10.759 430

                      12/31/2011              10.759              10.721 331

VISL 9   2.60%

                      12/31/2009              N/A              10.012 453

                      12/31/2010              10.012              10.779 481

                      12/31/2011              10.779              10.756 403

AZL BlackRock Capital Appreciation Fund

VISB 1   1.70%

                      12/31/2007              N/A              13.005 57

                      12/31/2008              13.005              8.135 71

                      12/31/2009              8.135              10.834 127

                      12/31/2010              10.834              12.696 290

                      12/31/2011              12.696              11.345 308

VISB 10   2.95%

                      12/31/2007              N/A              12.578 0

                      12/31/2008              12.578              7.770 3

                      12/31/2009              7.770              10.219 64

                      12/31/2010              10.219              11.826 77

                      12/31/2011              11.826              10.437 64

VISB 11   2.10%

                      12/31/2008              N/A              8.016 19

                      12/31/2009              8.016              10.633 70

                      12/31/2010              10.633              12.411 66

                      12/31/2011              12.411              11.046 58

VISB 13   3.10%

                      12/31/2009              N/A              10.148 13

                      12/31/2010              10.148              11.726 1

                      12/31/2011              11.726              10.334 0

VISB 14   2.25%

                      12/31/2009              N/A              10.559 63

                      12/31/2010              10.559              12.306 86

                      12/31/2011              12.306              10.936 62

VISB 2   2.00%

                      12/31/2007              N/A              12.901 17

                      12/31/2008              12.901              8.046 21

                      12/31/2009              8.046              10.683 35

                      12/31/2010              10.683              12.482 112

                      12/31/2011              12.482              11.120 123

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

24

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              12.764 0

                      12/31/2008              12.764              7.929 70

                      12/31/2009              7.929              10.485 382

                      12/31/2010              10.485              12.201 488

                      12/31/2011              12.201              10.827 350

VISB 4   2.70%

                      12/31/2007              N/A              12.662 0

                      12/31/2008              12.662              7.842 3

                      12/31/2009              7.842              10.339 85

                      12/31/2010              10.339              11.995 69

                      12/31/2011              11.995              10.613 82

VISB 5   2.55%

                      12/31/2007              N/A              12.713 0

                      12/31/2008              12.713              7.885 29

                      12/31/2009              7.885              10.412 256

                      12/31/2010              10.412              12.098 255

                      12/31/2011              12.098              10.720 283

VISB 6   2.85%

                      12/31/2007              N/A              12.611 0

                      12/31/2008              12.611              7.798 2

                      12/31/2009              7.798              10.267 49

                      12/31/2010              10.267              11.894 45

                      12/31/2011              11.894              10.507 41

VISB 7   2.50%

                      12/31/2007              N/A              12.730 0

                      12/31/2008              12.730              7.899 31

                      12/31/2009              7.899              10.436 327

                      12/31/2010              10.436              12.132 349

                      12/31/2011              12.132              10.755 369

VISB 8   2.80%

                      12/31/2007              N/A              12.628 0

                      12/31/2008              12.628              7.813 19

                      12/31/2009              7.813              10.291 120

                      12/31/2010              10.291              11.927 123

                      12/31/2011              11.927              10.542 121

VISB 9   2.65%

                      12/31/2007              N/A              12.679 0

                      12/31/2008              12.679              7.856 67

                      12/31/2009              7.856              10.363 379

                      12/31/2010              10.363              12.029 385

                      12/31/2011              12.029              10.648 353

VISC 1   2.45%

                      12/31/2008              N/A              7.914 4

                      12/31/2009              7.914              10.460 20

                      12/31/2010              10.460              12.167 18

                      12/31/2011              12.167              10.791 17

VISC 10   3.00%

                      12/31/2008              N/A              7.756 3

                      12/31/2009              7.756              10.196 5

                      12/31/2010              10.196              11.794 4

                      12/31/2011              11.794              10.403 0

VISC 11   2.30%

                      12/31/2009              N/A              10.534 13

                      12/31/2010              10.534              12.271 13

                      12/31/2011              12.271              10.900 14

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              10.124 0

                      12/31/2010              10.124              11.693 0

                      12/31/2011              11.693              10.299 0

VISC 13   1.75%

                      12/31/2009              N/A              10.809 1

                      12/31/2010              10.809              12.660 46

                      12/31/2011              12.660              11.308 57

VISC 14   2.05%

                      12/31/2009              N/A              10.658 0

                      12/31/2010              10.658              12.447 0

                      12/31/2011              12.447              11.084 0

VISC 2   2.75%

                      12/31/2008              N/A              7.827 0

                      12/31/2009              7.827              10.315 0

                      12/31/2010              10.315              11.961 1

                      12/31/2011              11.961              10.577 1

VISC 3   2.60%

                      12/31/2008              N/A              7.870 7

                      12/31/2009              7.870              10.387 48

                      12/31/2010              10.387              12.064 43

                      12/31/2011              12.064              10.684 41

VISC 4   2.90%

                      12/31/2008              N/A              7.784 0

                      12/31/2009              7.784              10.243 2

                      12/31/2010              10.243              11.860 2

                      12/31/2011              11.860              10.472 2

VISC 5   2.15%

                      12/31/2008              N/A              8.002 4

                      12/31/2009              8.002              10.609 14

                      12/31/2010              10.609              12.376 14

                      12/31/2011              12.376              11.010 10

VISC 7   2.55%

                      12/31/2008              N/A              7.885 5

                      12/31/2009              7.885              10.412 11

                      12/31/2010              10.412              12.098 8

                      12/31/2011              12.098              10.720 8

VISC 8   2.85%

                      12/31/2008              N/A              7.798 1

                      12/31/2009              7.798              10.267 19

                      12/31/2010              10.267              11.894 14

                      12/31/2011              11.894              10.507 4

VISC 9   2.70%

                      12/31/2008              N/A              7.842 11

                      12/31/2009              7.842              10.339 18

                      12/31/2010              10.339              11.995 16

                      12/31/2011              11.995              10.613 13

VISI 1   1.40%

                      12/31/2007              N/A              13.110 0

                      12/31/2008              13.110              8.225 0

                      12/31/2009              8.225              10.987 0

                      12/31/2010              10.987              12.914 0

                      12/31/2011              12.914              11.575 0

VISI 10   2.65%

                      12/31/2007              N/A              12.679 0

                      12/31/2008              12.679              7.856 7

                      12/31/2009              7.856              10.363 128

                      12/31/2010              10.363              12.029 162

                      12/31/2011              12.029              10.648 165

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

25

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              8.106 80

                      12/31/2009              8.106              10.784 631

                      12/31/2010              10.784              12.624 692

                      12/31/2011              12.624              11.270 628

VISI 13   1.95%

                      12/31/2009              N/A              10.708 355

                      12/31/2010              10.708              12.517 386

                      12/31/2011              12.517              11.158 364

VISI 14   2.80%

                      12/31/2009              N/A              10.291 8

                      12/31/2010              10.291              11.927 0

                      12/31/2011              11.927              10.542 0

VISI 2   1.70%

                      12/31/2007              N/A              13.005 10

                      12/31/2008              13.005              8.135 29

                      12/31/2009              8.135              10.834 78

                      12/31/2010              10.834              12.696 265

                      12/31/2011              12.696              11.345 321

VISI 3   2.10%

                      12/31/2007              N/A              12.867 0

                      12/31/2008              12.867              8.016 84

                      12/31/2009              8.016              10.633 619

                      12/31/2010              10.633              12.411 654

                      12/31/2011              12.411              11.046 610

VISI 4   2.40%

                      12/31/2007              N/A              12.764 0

                      12/31/2008              12.764              7.929 15

                      12/31/2009              7.929              10.485 106

                      12/31/2010              10.485              12.201 93

                      12/31/2011              12.201              10.827 93

VISI 5   2.25%

                      12/31/2007              N/A              12.815 0

                      12/31/2008              12.815              7.972 67

                      12/31/2009              7.972              10.559 538

                      12/31/2010              10.559              12.306 549

                      12/31/2011              12.306              10.936 552

VISI 6   2.55%

                      12/31/2007              N/A              12.713 0

                      12/31/2008              12.713              7.885 2

                      12/31/2009              7.885              10.412 21

                      12/31/2010              10.412              12.098 27

                      12/31/2011              12.098              10.720 23

VISI 7   2.20%

                      12/31/2007              N/A              12.832 0

                      12/31/2008              12.832              7.987 139

                      12/31/2009              7.987              10.583 704

                      12/31/2010              10.583              12.341 712

                      12/31/2011              12.341              10.973 758

VISI 8   2.50%

                      12/31/2007              N/A              12.730 0

                      12/31/2008              12.730              7.899 38

                      12/31/2009              7.899              10.436 258

                      12/31/2010              10.436              12.132 232

                      12/31/2011              12.132              10.755 230

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              12.781 0

                      12/31/2008              12.781              7.943 180

                      12/31/2009              7.943              10.509 841

                      12/31/2010              10.509              12.236 732

                      12/31/2011              12.236              10.864 732

VISL 1   1.65%

                      12/31/2007              N/A              13.023 28

                      12/31/2008              13.023              8.150 69

                      12/31/2009              8.150              10.859 104

                      12/31/2010              10.859              12.732 402

                      12/31/2011              12.732              11.383 583

VISL 10   2.90%

                      12/31/2007              N/A              12.594 0

                      12/31/2008              12.594              7.784 6

                      12/31/2009              7.784              10.243 60

                      12/31/2010              10.243              11.860 46

                      12/31/2011              11.860              10.472 56

VISL 11   2.05%

                      12/31/2008              N/A              8.032 31

                      12/31/2009              8.032              10.658 154

                      12/31/2010              10.658              12.447 221

                      12/31/2011              12.447              11.084 295

VISL 13   3.05%

                      12/31/2009              N/A              10.171 14

                      12/31/2010              10.171              11.760 0

                      12/31/2011              11.760              10.368 0

VISL 14   2.20%

                      12/31/2009              N/A              10.583 128

                      12/31/2010              10.583              12.341 127

                      12/31/2011              12.341              10.973 133

VISL 2   1.95%

                      12/31/2007              N/A              12.918 5

                      12/31/2008              12.918              8.061 10

                      12/31/2009              8.061              10.708 47

                      12/31/2010              10.708              12.517 161

                      12/31/2011              12.517              11.158 195

VISL 3   2.35%

                      12/31/2007              N/A              12.781 0

                      12/31/2008              12.781              7.943 51

                      12/31/2009              7.943              10.509 332

                      12/31/2010              10.509              12.236 349

                      12/31/2011              12.236              10.864 330

VISL 4   2.65%

                      12/31/2007              N/A              12.679 0

                      12/31/2008              12.679              7.856 3

                      12/31/2009              7.856              10.363 85

                      12/31/2010              10.363              12.029 73

                      12/31/2011              12.029              10.648 80

VISL 5   2.50%

                      12/31/2007              N/A              12.730 0

                      12/31/2008              12.730              7.899 23

                      12/31/2009              7.899              10.436 193

                      12/31/2010              10.436              12.132 178

                      12/31/2011              12.132              10.755 180

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

26

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              12.628 0

                      12/31/2008              12.628              7.813 1

                      12/31/2009              7.813              10.291 36

                      12/31/2010              10.291              11.927 44

                      12/31/2011              11.927              10.542 44

VISL 7   2.45%

                      12/31/2007              N/A              12.747 0

                      12/31/2008              12.747              7.914 46

                      12/31/2009              7.914              10.460 220

                      12/31/2010              10.460              12.167 237

                      12/31/2011              12.167              10.791 229

VISL 8   2.75%

                      12/31/2007              N/A              12.645 0

                      12/31/2008              12.645              7.827 27

                      12/31/2009              7.827              10.315 133

                      12/31/2010              10.315              11.961 96

                      12/31/2011              11.961              10.577 106

VISL 9   2.60%

                      12/31/2007              N/A              12.696 0

                      12/31/2008              12.696              7.870 74

                      12/31/2009              7.870              10.387 192

                      12/31/2010              10.387              12.064 205

                      12/31/2011              12.064              10.684 195

AZL Columbia Mid Cap Value Fund

VISB 1   1.70%

                      12/31/2007              N/A              10.267 69

                      12/31/2008              10.267              4.830 94

                      12/31/2009              4.830              6.282 79

                      12/31/2010              6.282              7.576 165

                      12/31/2011              7.576              7.183 218

VISB 10   2.95%

                      12/31/2007              N/A              10.054 0

                      12/31/2008              10.054              4.671 6

                      12/31/2009              4.671              6.000 11

                      12/31/2010              6.000              7.145 42

                      12/31/2011              7.145              6.691 17

VISB 11   2.10%

                      12/31/2008              N/A              4.778 27

                      12/31/2009              4.778              6.191 53

                      12/31/2010              6.191              7.435 52

                      12/31/2011              7.435              7.021 49

VISB 13   3.10%

                      12/31/2009              N/A              5.967 10

                      12/31/2010              5.967              7.096 0

                      12/31/2011              7.096              6.634 0

VISB 14   2.25%

                      12/31/2009              N/A              6.156 23

                      12/31/2010              6.156              7.383 26

                      12/31/2011              7.383              6.962 23

VISB 2   2.00%

                      12/31/2007              N/A              10.216 11

                      12/31/2008              10.216              4.791 14

                      12/31/2009              4.791              6.213 7

                      12/31/2010              6.213              7.470 24

                      12/31/2011              7.470              7.061 39

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              10.147 0

                      12/31/2008              10.147              4.740 35

                      12/31/2009              4.740              6.123 95

                      12/31/2010              6.123              7.332 118

                      12/31/2011              7.332              6.903 88

VISB 4   2.70%

                      12/31/2007              N/A              10.096 0

                      12/31/2008              10.096              4.702 8

                      12/31/2009              4.702              6.055 13

                      12/31/2010              6.055              7.230 40

                      12/31/2011              7.230              6.786 36

VISB 5   2.55%

                      12/31/2007              N/A              10.122 0

                      12/31/2008              10.122              4.721 35

                      12/31/2009              4.721              6.089 96

                      12/31/2010              6.089              7.280 112

                      12/31/2011              7.280              6.844 140

VISB 6   2.85%

                      12/31/2007              N/A              10.071 0

                      12/31/2008              10.071              4.683 1

                      12/31/2009              4.683              6.022 29

                      12/31/2010              6.022              7.179 21

                      12/31/2011              7.179              6.729 17

VISB 7   2.50%

                      12/31/2007              N/A              10.130 0

                      12/31/2008              10.130              4.727 98

                      12/31/2009              4.727              6.100 169

                      12/31/2010              6.100              7.298 208

                      12/31/2011              7.298              6.864 171

VISB 8   2.80%

                      12/31/2007              N/A              10.079 0

                      12/31/2008              10.079              4.689 12

                      12/31/2009              4.689              6.033 39

                      12/31/2010              6.033              7.196 46

                      12/31/2011              7.196              6.748 39

VISB 9   2.65%

                      12/31/2007              N/A              10.105 0

                      12/31/2008              10.105              4.708 61

                      12/31/2009              4.708              6.066 135

                      12/31/2010              6.066              7.246 118

                      12/31/2011              7.246              6.806 77

VISC 1   2.45%

                      12/31/2008              N/A              4.734 30

                      12/31/2009              4.734              6.111 29

                      12/31/2010              6.111              7.315 23

                      12/31/2011              7.315              6.883 19

VISC 10   3.00%

                      12/31/2008              N/A              4.665 4

                      12/31/2009              4.665              5.989 2

                      12/31/2010              5.989              7.129 0

                      12/31/2011              7.129              6.672 0

VISC 11   2.30%

                      12/31/2009              N/A              6.145 9

                      12/31/2010              6.145              7.366 7

                      12/31/2011              7.366              6.942 9

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

27

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              5.956 0

                      12/31/2010              5.956              7.079 0

                      12/31/2011              7.079              6.615 0

VISC 13   1.75%

                      12/31/2009              N/A              6.271 0

                      12/31/2010              6.271              7.558 11

                      12/31/2011              7.558              7.162 28

VISC 14   2.05%

                      12/31/2009              N/A              6.202 0

                      12/31/2010              6.202              7.453 0

                      12/31/2011              7.453              7.042 0

VISC 2   2.75%

                      12/31/2008              N/A              4.696 2

                      12/31/2009              4.696              6.044 2

                      12/31/2010              6.044              7.213 2

                      12/31/2011              7.213              6.767 2

VISC 3   2.60%

                      12/31/2008              N/A              4.715 66

                      12/31/2009              4.715              6.078 70

                      12/31/2010              6.078              7.263 56

                      12/31/2011              7.263              6.825 45

VISC 4   2.90%

                      12/31/2008              N/A              4.677 0

                      12/31/2009              4.677              6.011 0

                      12/31/2010              6.011              7.162 0

                      12/31/2011              7.162              6.710 0

VISC 5   2.15%

                      12/31/2008              N/A              4.772 3

                      12/31/2009              4.772              6.179 23

                      12/31/2010              6.179              7.418 5

                      12/31/2011              7.418              7.002 7

VISC 7   2.55%

                      12/31/2008              N/A              4.721 2

                      12/31/2009              4.721              6.089 2

                      12/31/2010              6.089              7.280 2

                      12/31/2011              7.280              6.844 0

VISC 8   2.85%

                      12/31/2008              N/A              4.683 0

                      12/31/2009              4.683              6.022 1

                      12/31/2010              6.022              7.179 0

                      12/31/2011              7.179              6.729 0

VISC 9   2.70%

                      12/31/2008              N/A              4.702 22

                      12/31/2009              4.702              6.055 22

                      12/31/2010              6.055              7.230 22

                      12/31/2011              7.230              6.786 9

VISI 1   1.40%

                      12/31/2007              N/A              10.319 0

                      12/31/2008              10.319              4.869 0

                      12/31/2009              4.869              6.352 0

                      12/31/2010              6.352              7.683 0

                      12/31/2011              7.683              7.306 0

VISI 10   2.65%

                      12/31/2007              N/A              10.105 0

                      12/31/2008              10.105              4.708 11

                      12/31/2009              4.708              6.066 33

                      12/31/2010              6.066              7.246 36

                      12/31/2011              7.246              6.806 45

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              4.817 68

                      12/31/2009              4.817              6.259 328

                      12/31/2010              6.259              7.541 252

                      12/31/2011              7.541              7.142 255

VISI 13   1.95%

                      12/31/2009              N/A              6.225 182

                      12/31/2010              6.225              7.488 174

                      12/31/2011              7.488              7.082 140

VISI 14   2.80%

                      12/31/2009              N/A              6.033 0

                      12/31/2010              6.033              7.196 0

                      12/31/2011              7.196              6.748 0

VISI 2   1.70%

                      12/31/2007              N/A              10.267 18

                      12/31/2008              10.267              4.830 15

                      12/31/2009              4.830              6.282 43

                      12/31/2010              6.282              7.576 206

                      12/31/2011              7.576              7.183 249

VISI 3   2.10%

                      12/31/2007              N/A              10.198 0

                      12/31/2008              10.198              4.778 98

                      12/31/2009              4.778              6.191 211

                      12/31/2010              6.191              7.435 242

                      12/31/2011              7.435              7.021 242

VISI 4   2.40%

                      12/31/2007              N/A              10.147 0

                      12/31/2008              10.147              4.740 13

                      12/31/2009              4.740              6.123 36

                      12/31/2010              6.123              7.332 35

                      12/31/2011              7.332              6.903 28

VISI 5   2.25%

                      12/31/2007              N/A              10.173 0

                      12/31/2008              10.173              4.759 163

                      12/31/2009              4.759              6.156 276

                      12/31/2010              6.156              7.383 316

                      12/31/2011              7.383              6.962 306

VISI 6   2.55%

                      12/31/2007              N/A              10.122 0

                      12/31/2008              10.122              4.721 2

                      12/31/2009              4.721              6.089 18

                      12/31/2010              6.089              7.280 21

                      12/31/2011              7.280              6.844 20

VISI 7   2.20%

                      12/31/2007              N/A              10.181 0

                      12/31/2008              10.181              4.766 109

                      12/31/2009              4.766              6.168 290

                      12/31/2010              6.168              7.401 288

                      12/31/2011              7.401              6.982 245

VISI 8   2.50%

                      12/31/2007              N/A              10.130 0

                      12/31/2008              10.130              4.727 19

                      12/31/2009              4.727              6.100 86

                      12/31/2010              6.100              7.298 59

                      12/31/2011              7.298              6.864 50

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

28

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              10.156 0

                      12/31/2008              10.156              4.746 170

                      12/31/2009              4.746              6.134 432

                      12/31/2010              6.134              7.349 424

                      12/31/2011              7.349              6.923 376

VISL 1   1.65%

                      12/31/2007              N/A              10.276 47

                      12/31/2008              10.276              4.836 78

                      12/31/2009              4.836              6.294 44

                      12/31/2010              6.294              7.594 207

                      12/31/2011              7.594              7.203 389

VISL 10   2.90%

                      12/31/2007              N/A              10.063 0

                      12/31/2008              10.063              4.677 17

                      12/31/2009              4.677              6.011 24

                      12/31/2010              6.011              7.162 35

                      12/31/2011              7.162              6.710 32

VISL 11   2.05%

                      12/31/2008              N/A              4.785 34

                      12/31/2009              4.785              6.202 127

                      12/31/2010              6.202              7.453 106

                      12/31/2011              7.453              7.042 138

VISL 13   3.05%

                      12/31/2009              N/A              5.978 0

                      12/31/2010              5.978              7.112 0

                      12/31/2011              7.112              6.653 0

VISL 14   2.20%

                      12/31/2009              N/A              6.168 74

                      12/31/2010              6.168              7.401 77

                      12/31/2011              7.401              6.982 78

VISL 2   1.95%

                      12/31/2007              N/A              10.224 27

                      12/31/2008              10.224              4.798 38

                      12/31/2009              4.798              6.225 81

                      12/31/2010              6.225              7.488 60

                      12/31/2011              7.488              7.082 95

VISL 3   2.35%

                      12/31/2007              N/A              10.156 0

                      12/31/2008              10.156              4.746 58

                      12/31/2009              4.746              6.134 100

                      12/31/2010              6.134              7.349 119

                      12/31/2011              7.349              6.923 103

VISL 4   2.65%

                      12/31/2007              N/A              10.105 0

                      12/31/2008              10.105              4.708 13

                      12/31/2009              4.708              6.066 47

                      12/31/2010              6.066              7.246 49

                      12/31/2011              7.246              6.806 41

VISL 5   2.50%

                      12/31/2007              N/A              10.130 0

                      12/31/2008              10.130              4.727 60

                      12/31/2009              4.727              6.100 129

                      12/31/2010              6.100              7.298 134

                      12/31/2011              7.298              6.864 133

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              10.079 0

                      12/31/2008              10.079              4.689 0

                      12/31/2009              4.689              6.033 6

                      12/31/2010              6.033              7.196 13

                      12/31/2011              7.196              6.748 6

VISL 7   2.45%

                      12/31/2007              N/A              10.139 0

                      12/31/2008              10.139              4.734 44

                      12/31/2009              4.734              6.111 118

                      12/31/2010              6.111              7.315 128

                      12/31/2011              7.315              6.883 125

VISL 8   2.75%

                      12/31/2007              N/A              10.088 0

                      12/31/2008              10.088              4.696 18

                      12/31/2009              4.696              6.044 72

                      12/31/2010              6.044              7.213 30

                      12/31/2011              7.213              6.767 39

VISL 9   2.60%

                      12/31/2007              N/A              10.113 0

                      12/31/2008              10.113              4.715 49

                      12/31/2009              4.715              6.078 217

                      12/31/2010              6.078              7.263 220

                      12/31/2011              7.263              6.825 183

AZL Columbia Small Cap Value Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.303 31

                      12/31/2008              12.303              8.214 30

                      12/31/2009              8.214              10.070 22

                      12/31/2010              10.070              12.467 31

                      12/31/2011              12.467              11.496 37

VISB 10   2.95%

                      12/31/2007              N/A              11.751 0

                      12/31/2008              11.751              7.748 3

                      12/31/2009              7.748              9.380 9

                      12/31/2010              9.380              11.469 55

                      12/31/2011              11.469              10.445 10

VISB 11   2.10%

                      12/31/2008              N/A              8.062 14

                      12/31/2009              8.062              9.844 17

                      12/31/2010              9.844              12.139 10

                      12/31/2011              12.139              11.148 9

VISB 13   3.10%

                      12/31/2009              N/A              9.301 7

                      12/31/2010              9.301              11.355 0

                      12/31/2011              11.355              10.325 0

VISB 14   2.25%

                      12/31/2009              N/A              9.760 11

                      12/31/2010              9.760              12.018 13

                      12/31/2011              12.018              11.021 12

VISB 2   2.00%

                      12/31/2007              N/A              12.168 6

                      12/31/2008              12.168              8.100 8

                      12/31/2009              8.100              9.900 35

                      12/31/2010              9.900              12.220 16

                      12/31/2011              12.220              11.234 18

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

29

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              11.991 0

                      12/31/2008              11.991              7.950 4

                      12/31/2009              7.950              9.678 23

                      12/31/2010              9.678              11.898 24

                      12/31/2011              11.898              10.895 24

VISB 4   2.70%

                      12/31/2007              N/A              11.860 0

                      12/31/2008              11.860              7.839 1

                      12/31/2009              7.839              9.514 3

                      12/31/2010              9.514              11.662 21

                      12/31/2011              11.662              10.647 8

VISB 5   2.55%

                      12/31/2007              N/A              11.925 0

                      12/31/2008              11.925              7.894 18

                      12/31/2009              7.894              9.596 57

                      12/31/2010              9.596              11.779 38

                      12/31/2011              11.779              10.770 40

VISB 6   2.85%

                      12/31/2007              N/A              11.794 0

                      12/31/2008              11.794              7.784 1

                      12/31/2009              7.784              9.434 6

                      12/31/2010              9.434              11.546 6

                      12/31/2011              11.546              10.525 3

VISB 7   2.50%

                      12/31/2007              N/A              11.947 0

                      12/31/2008              11.947              7.913 38

                      12/31/2009              7.913              9.623 40

                      12/31/2010              9.623              11.819 35

                      12/31/2011              11.819              10.812 35

VISB 8   2.80%

                      12/31/2007              N/A              11.816 0

                      12/31/2008              11.816              7.802 5

                      12/31/2009              7.802              9.460 26

                      12/31/2010              9.460              11.584 17

                      12/31/2011              11.584              10.566 18

VISB 9   2.65%

                      12/31/2007              N/A              11.881 0

                      12/31/2008              11.881              7.857 12

                      12/31/2009              7.857              9.541 35

                      12/31/2010              9.541              11.701 55

                      12/31/2011              11.701              10.688 38

VISC 1   2.45%

                      12/31/2008              N/A              7.931 0

                      12/31/2009              7.931              9.650 0

                      12/31/2010              9.650              11.858 2

                      12/31/2011              11.858              10.853 2

VISC 10   3.00%

                      12/31/2008              N/A              7.730 1

                      12/31/2009              7.730              9.354 2

                      12/31/2010              9.354              11.432 1

                      12/31/2011              11.432              10.406 1

VISC 11   2.30%

                      12/31/2009              N/A              9.733 4

                      12/31/2010              9.733              11.978 4

                      12/31/2011              11.978              10.979 4

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              9.275 0

                      12/31/2010              9.275              11.317 0

                      12/31/2011              11.317              10.286 0

VISC 13   1.75%

                      12/31/2009              N/A              10.033 0

                      12/31/2010              10.033              12.416 4

                      12/31/2011              12.416              11.443 10

VISC 14   2.05%

                      12/31/2009              N/A              9.872 0

                      12/31/2010              9.872              12.180 0

                      12/31/2011              12.180              11.192 0

VISC 2   2.75%

                      12/31/2008              N/A              7.821 0

                      12/31/2009              7.821              9.487 0

                      12/31/2010              9.487              11.623 0

                      12/31/2011              11.623              10.606 0

VISC 3   2.60%

                      12/31/2008              N/A              7.876 0

                      12/31/2009              7.876              9.568 0

                      12/31/2010              9.568              11.740 0

                      12/31/2011              11.740              10.729 0

VISC 4   2.90%

                      12/31/2008              N/A              7.766 0

                      12/31/2009              7.766              9.407 0

                      12/31/2010              9.407              11.507 0

                      12/31/2011              11.507              10.485 0

VISC 5   2.15%

                      12/31/2008              N/A              8.043 0

                      12/31/2009              8.043              9.816 6

                      12/31/2010              9.816              12.099 13

                      12/31/2011              12.099              11.106 13

VISC 7   2.55%

                      12/31/2008              N/A              7.894 4

                      12/31/2009              7.894              9.596 3

                      12/31/2010              9.596              11.779 2

                      12/31/2011              11.779              10.770 1

VISC 8   2.85%

                      12/31/2008              N/A              7.784 0

                      12/31/2009              7.784              9.434 0

                      12/31/2010              9.434              11.546 0

                      12/31/2011              11.546              10.525 0

VISC 9   2.70%

                      12/31/2008              N/A              7.839 12

                      12/31/2009              7.839              9.514 12

                      12/31/2010              9.514              11.662 11

                      12/31/2011              11.662              10.647 5

VISI 1   1.40%

                      12/31/2007              N/A              12.439 0

                      12/31/2008              12.439              8.330 0

                      12/31/2009              8.330              10.243 0

                      12/31/2010              10.243              12.719 0

                      12/31/2011              12.719              11.764 0

VISI 10   2.65%

                      12/31/2007              N/A              11.881 0

                      12/31/2008              11.881              7.857 8

                      12/31/2009              7.857              9.541 38

                      12/31/2010              9.541              11.701 38

                      12/31/2011              11.701              10.688 30

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

30

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              8.176 34

                      12/31/2009              8.176              10.013 116

                      12/31/2010              10.013              12.384 121

                      12/31/2011              12.384              11.408 115

VISI 13   1.95%

                      12/31/2009              N/A              9.928 69

                      12/31/2010              9.928              12.261 72

                      12/31/2011              12.261              11.277 77

VISI 14   2.80%

                      12/31/2009              N/A              9.460 0

                      12/31/2010              9.460              11.584 0

                      12/31/2011              11.584              10.566 0

VISI 2   1.70%

                      12/31/2007              N/A              12.303 5

                      12/31/2008              12.303              8.214 15

                      12/31/2009              8.214              10.070 21

                      12/31/2010              10.070              12.467 146

                      12/31/2011              12.467              11.496 83

VISI 3   2.10%

                      12/31/2007              N/A              12.124 0

                      12/31/2008              12.124              8.062 40

                      12/31/2009              8.062              9.844 91

                      12/31/2010              9.844              12.139 93

                      12/31/2011              12.139              11.148 72

VISI 4   2.40%

                      12/31/2007              N/A              11.991 0

                      12/31/2008              11.991              7.950 3

                      12/31/2009              7.950              9.678 8

                      12/31/2010              9.678              11.898 14

                      12/31/2011              11.898              10.895 6

VISI 5   2.25%

                      12/31/2007              N/A              12.057 0

                      12/31/2008              12.057              8.006 37

                      12/31/2009              8.006              9.760 73

                      12/31/2010              9.760              12.018 76

                      12/31/2011              12.018              11.021 71

VISI 6   2.55%

                      12/31/2007              N/A              11.925 0

                      12/31/2008              11.925              7.894 2

                      12/31/2009              7.894              9.596 2

                      12/31/2010              9.596              11.779 2

                      12/31/2011              11.779              10.770 3

VISI 7   2.20%

                      12/31/2007              N/A              12.079 0

                      12/31/2008              12.079              8.024 60

                      12/31/2009              8.024              9.788 133

                      12/31/2010              9.788              12.058 121

                      12/31/2011              12.058              11.063 114

VISI 8   2.50%

                      12/31/2007              N/A              11.947 0

                      12/31/2008              11.947              7.913 19

                      12/31/2009              7.913              9.623 42

                      12/31/2010              9.623              11.819 41

                      12/31/2011              11.819              10.812 38

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              12.013 0

                      12/31/2008              12.013              7.968 71

                      12/31/2009              7.968              9.705 156

                      12/31/2010              9.705              11.938 183

                      12/31/2011              11.938              10.937 197

VISL 1   1.65%

                      12/31/2007              N/A              12.326 17

                      12/31/2008              12.326              8.233 20

                      12/31/2009              8.233              10.098 13

                      12/31/2010              10.098              12.509 69

                      12/31/2011              12.509              11.540 87

VISL 10   2.90%

                      12/31/2007              N/A              11.773 0

                      12/31/2008              11.773              7.766 7

                      12/31/2009              7.766              9.407 12

                      12/31/2010              9.407              11.507 15

                      12/31/2011              11.507              10.485 12

VISL 11   2.05%

                      12/31/2008              N/A              8.081 19

                      12/31/2009              8.081              9.872 68

                      12/31/2010              9.872              12.180 97

                      12/31/2011              12.180              11.192 90

VISL 13   3.05%

                      12/31/2009              N/A              9.327 2

                      12/31/2010              9.327              11.393 0

                      12/31/2011              11.393              10.365 0

VISL 14   2.20%

                      12/31/2009              N/A              9.788 30

                      12/31/2010              9.788              12.058 36

                      12/31/2011              12.058              11.063 33

VISL 2   1.95%

                      12/31/2007              N/A              12.191 1

                      12/31/2008              12.191              8.119 9

                      12/31/2009              8.119              9.928 13

                      12/31/2010              9.928              12.261 32

                      12/31/2011              12.261              11.277 30

VISL 3   2.35%

                      12/31/2007              N/A              12.013 0

                      12/31/2008              12.013              7.968 24

                      12/31/2009              7.968              9.705 32

                      12/31/2010              9.705              11.938 27

                      12/31/2011              11.938              10.937 26

VISL 4   2.65%

                      12/31/2007              N/A              11.881 0

                      12/31/2008              11.881              7.857 4

                      12/31/2009              7.857              9.541 5

                      12/31/2010              9.541              11.701 5

                      12/31/2011              11.701              10.688 5

VISL 5   2.50%

                      12/31/2007              N/A              11.947 0

                      12/31/2008              11.947              7.913 10

                      12/31/2009              7.913              9.623 28

                      12/31/2010              9.623              11.819 29

                      12/31/2011              11.819              10.812 31

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

31

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              11.816 0

                      12/31/2008              11.816              7.802 1

                      12/31/2009              7.802              9.460 2

                      12/31/2010              9.460              11.584 6

                      12/31/2011              11.584              10.566 2

VISL 7   2.45%

                      12/31/2007              N/A              11.969 0

                      12/31/2008              11.969              7.931 30

                      12/31/2009              7.931              9.650 59

                      12/31/2010              9.650              11.858 58

                      12/31/2011              11.858              10.853 73

VISL 8   2.75%

                      12/31/2007              N/A              11.838 0

                      12/31/2008              11.838              7.821 3

                      12/31/2009              7.821              9.487 20

                      12/31/2010              9.487              11.623 15

                      12/31/2011              11.623              10.606 12

VISL 9   2.60%

                      12/31/2007              N/A              11.903 0

                      12/31/2008              11.903              7.876 39

                      12/31/2009              7.876              9.568 56

                      12/31/2010              9.568              11.740 54

                      12/31/2011              11.740              10.729 62

AZL Davis New York Venture Fund

VISB 1   1.70%

                      12/31/2007              N/A              13.306 158

                      12/31/2008              13.306              7.783 274

                      12/31/2009              7.783              10.088 85

                      12/31/2010              10.088              11.112 136

                      12/31/2011              11.112              10.467 140

VISB 10   2.95%

                      12/31/2007              N/A              12.319 0

                      12/31/2008              12.319              7.116 29

                      12/31/2009              7.116              9.108 49

                      12/31/2010              9.108              9.909 40

                      12/31/2011              9.909              9.218 38

VISB 11   2.10%

                      12/31/2008              N/A              7.563 36

                      12/31/2009              7.563              9.763 37

                      12/31/2010              9.763              10.712 27

                      12/31/2011              10.712              10.050 35

VISB 13   3.10%

                      12/31/2009              N/A              8.998 3

                      12/31/2010              8.998              9.774 0

                      12/31/2011              9.774              9.078 0

VISB 14   2.25%

                      12/31/2009              N/A              9.644 28

                      12/31/2010              9.644              10.566 55

                      12/31/2011              10.566              9.898 70

VISB 2   2.00%

                      12/31/2007              N/A              13.062 98

                      12/31/2008              13.062              7.618 93

                      12/31/2009              7.618              9.843 87

                      12/31/2010              9.843              10.811 76

                      12/31/2011              10.811              10.152 83

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              12.744 0

                      12/31/2008              12.744              7.402 123

                      12/31/2009              7.402              9.527 198

                      12/31/2010              9.527              10.421 210

                      12/31/2011              10.421              9.748 207

VISB 4   2.70%

                      12/31/2007              N/A              12.511 0

                      12/31/2008              12.511              7.245 11

                      12/31/2009              7.245              9.296 41

                      12/31/2010              9.296              10.139 59

                      12/31/2011              10.139              9.455 56

VISB 5   2.55%

                      12/31/2007              N/A              12.627 0

                      12/31/2008              12.627              7.323 59

                      12/31/2009              7.323              9.411 221

                      12/31/2010              9.411              10.279 176

                      12/31/2011              10.279              9.600 176

VISB 6   2.85%

                      12/31/2007              N/A              12.395 0

                      12/31/2008              12.395              7.167 16

                      12/31/2009              7.167              9.183 30

                      12/31/2010              9.183              10.000 32

                      12/31/2011              10.000              9.312 29

VISB 7   2.50%

                      12/31/2007              N/A              12.666 0

                      12/31/2008              12.666              7.349 160

                      12/31/2009              7.349              9.450 253

                      12/31/2010              9.450              10.326 241

                      12/31/2011              10.326              9.649 236

VISB 8   2.80%

                      12/31/2007              N/A              12.434 0

                      12/31/2008              12.434              7.193 71

                      12/31/2009              7.193              9.221 84

                      12/31/2010              9.221              10.046 87

                      12/31/2011              10.046              9.359 84

VISB 9   2.65%

                      12/31/2007              N/A              12.549 0

                      12/31/2008              12.549              7.271 159

                      12/31/2009              7.271              9.334 223

                      12/31/2010              9.334              10.185 189

                      12/31/2011              10.185              9.503 177

VISC 1   2.45%

                      12/31/2008              N/A              7.376 15

                      12/31/2009              7.376              9.488 23

                      12/31/2010              9.488              10.374 29

                      12/31/2011              10.374              9.698 23

VISC 10   3.00%

                      12/31/2008              N/A              7.091 0

                      12/31/2009              7.091              9.072 3

                      12/31/2010              9.072              9.864 0

                      12/31/2011              9.864              9.172 0

VISC 11   2.30%

                      12/31/2009              N/A              9.605 10

                      12/31/2010              9.605              10.517 9

                      12/31/2011              10.517              9.847 9

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

32

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              8.961 2

                      12/31/2010              8.961              9.729 0

                      12/31/2011              9.729              9.032 0

VISC 13   1.75%

                      12/31/2009              N/A              10.039 1

                      12/31/2010              10.039              11.053 8

                      12/31/2011              11.053              10.405 10

VISC 14   2.05%

                      12/31/2009              N/A              9.804 0

                      12/31/2010              9.804              10.762 0

                      12/31/2011              10.762              10.101 0

VISC 2   2.75%

                      12/31/2008              N/A              7.219 0

                      12/31/2009              7.219              9.259 2

                      12/31/2010              9.259              10.092 0

                      12/31/2011              10.092              9.407 0

VISC 3   2.60%

                      12/31/2008              N/A              7.297 6

                      12/31/2009              7.297              9.373 8

                      12/31/2010              9.373              10.232 12

                      12/31/2011              10.232              9.552 3

VISC 4   2.90%

                      12/31/2008              N/A              7.142 0

                      12/31/2009              7.142              9.146 2

                      12/31/2010              9.146              9.954 2

                      12/31/2011              9.954              9.265 2

VISC 5   2.15%

                      12/31/2008              N/A              7.536 7

                      12/31/2009              7.536              9.724 13

                      12/31/2010              9.724              10.664 15

                      12/31/2011              10.664              9.999 15

VISC 7   2.55%

                      12/31/2008              N/A              7.323 7

                      12/31/2009              7.323              9.411 13

                      12/31/2010              9.411              10.279 6

                      12/31/2011              10.279              9.600 10

VISC 8   2.85%

                      12/31/2008              N/A              7.167 6

                      12/31/2009              7.167              9.183 10

                      12/31/2010              9.183              10.000 10

                      12/31/2011              10.000              9.312 0

VISC 9   2.70%

                      12/31/2008              N/A              7.245 11

                      12/31/2009              7.245              9.296 11

                      12/31/2010              9.296              10.139 21

                      12/31/2011              10.139              9.455 14

VISI 1   1.40%

                      12/31/2007              N/A              13.555 0

                      12/31/2008              13.555              7.952 0

                      12/31/2009              7.952              10.338 0

                      12/31/2010              10.338              11.422 0

                      12/31/2011              11.422              10.791 0

VISI 10   2.65%

                      12/31/2007              N/A              12.549 0

                      12/31/2008              12.549              7.271 32

                      12/31/2009              7.271              9.334 94

                      12/31/2010              9.334              10.185 79

                      12/31/2011              10.185              9.503 83

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              7.728 313

                      12/31/2009              7.728              10.006 610

                      12/31/2010              10.006              11.011 579

                      12/31/2011              11.011              10.361 544

VISI 13   1.95%

                      12/31/2009              N/A              9.884 541

                      12/31/2010              9.884              10.860 651

                      12/31/2011              10.860              10.204 654

VISI 14   2.80%

                      12/31/2009              N/A              9.221 0

                      12/31/2010              9.221              10.046 0

                      12/31/2011              10.046              9.359 0

VISI 2   1.70%

                      12/31/2007              N/A              13.306 31

                      12/31/2008              13.306              7.783 145

                      12/31/2009              7.783              10.088 84

                      12/31/2010              10.088              11.112 234

                      12/31/2011              11.112              10.467 274

VISI 3   2.10%

                      12/31/2007              N/A              12.982 0

                      12/31/2008              12.982              7.563 303

                      12/31/2009              7.563              9.763 520

                      12/31/2010              9.763              10.712 542

                      12/31/2011              10.712              10.050 479

VISI 4   2.40%

                      12/31/2007              N/A              12.744 0

                      12/31/2008              12.744              7.402 67

                      12/31/2009              7.402              9.527 97

                      12/31/2010              9.527              10.421 102

                      12/31/2011              10.421              9.748 95

VISI 5   2.25%

                      12/31/2007              N/A              12.863 0

                      12/31/2008              12.863              7.482 164

                      12/31/2009              7.482              9.644 446

                      12/31/2010              9.644              10.566 448

                      12/31/2011              10.566              9.898 420

VISI 6   2.55%

                      12/31/2007              N/A              12.627 0

                      12/31/2008              12.627              7.323 35

                      12/31/2009              7.323              9.411 134

                      12/31/2010              9.411              10.279 133

                      12/31/2011              10.279              9.600 130

VISI 7   2.20%

                      12/31/2007              N/A              12.902 0

                      12/31/2008              12.902              7.509 481

                      12/31/2009              7.509              9.684 643

                      12/31/2010              9.684              10.614 650

                      12/31/2011              10.614              9.948 629

VISI 8   2.50%

                      12/31/2007              N/A              12.666 0

                      12/31/2008              12.666              7.349 128

                      12/31/2009              7.349              9.450 186

                      12/31/2010              9.450              10.326 164

                      12/31/2011              10.326              9.649 160

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

33

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              12.784 0

                      12/31/2008              12.784              7.429 461

                      12/31/2009              7.429              9.566 704

                      12/31/2010              9.566              10.469 746

                      12/31/2011              10.469              9.797 658

VISL 1   1.65%

                      12/31/2007              N/A              13.347 133

                      12/31/2008              13.347              7.811 212

                      12/31/2009              7.811              10.129 81

                      12/31/2010              10.129              11.163 238

                      12/31/2011              11.163              10.520 312

VISL 10   2.90%

                      12/31/2007              N/A              12.357 0

                      12/31/2008              12.357              7.142 68

                      12/31/2009              7.142              9.146 99

                      12/31/2010              9.146              9.954 90

                      12/31/2011              9.954              9.265 92

VISL 11   2.05%

                      12/31/2008              N/A              7.591 65

                      12/31/2009              7.591              9.804 155

                      12/31/2010              9.804              10.762 175

                      12/31/2011              10.762              10.101 199

VISL 13   3.05%

                      12/31/2009              N/A              9.035 1

                      12/31/2010              9.035              9.819 0

                      12/31/2011              9.819              9.125 0

VISL 14   2.20%

                      12/31/2009              N/A              9.684 47

                      12/31/2010              9.684              10.614 51

                      12/31/2011              10.614              9.948 50

VISL 2   1.95%

                      12/31/2007              N/A              13.103 39

                      12/31/2008              13.103              7.645 71

                      12/31/2009              7.645              9.884 55

                      12/31/2010              9.884              10.860 124

                      12/31/2011              10.860              10.204 136

VISL 3   2.35%

                      12/31/2007              N/A              12.784 0

                      12/31/2008              12.784              7.429 189

                      12/31/2009              7.429              9.566 316

                      12/31/2010              9.566              10.469 300

                      12/31/2011              10.469              9.797 276

VISL 4   2.65%

                      12/31/2007              N/A              12.549 0

                      12/31/2008              12.549              7.271 29

                      12/31/2009              7.271              9.334 45

                      12/31/2010              9.334              10.185 77

                      12/31/2011              10.185              9.503 68

VISL 5   2.50%

                      12/31/2007              N/A              12.666 0

                      12/31/2008              12.666              7.349 84

                      12/31/2009              7.349              9.450 213

                      12/31/2010              9.450              10.326 232

                      12/31/2011              10.326              9.649 230

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              12.434 0

                      12/31/2008              12.434              7.193 7

                      12/31/2009              7.193              9.221 40

                      12/31/2010              9.221              10.046 43

                      12/31/2011              10.046              9.359 42

VISL 7   2.45%

                      12/31/2007              N/A              12.705 0

                      12/31/2008              12.705              7.376 249

                      12/31/2009              7.376              9.488 298

                      12/31/2010              9.488              10.374 285

                      12/31/2011              10.374              9.698 260

VISL 8   2.75%

                      12/31/2007              N/A              12.472 0

                      12/31/2008              12.472              7.219 66

                      12/31/2009              7.219              9.259 130

                      12/31/2010              9.259              10.092 107

                      12/31/2011              10.092              9.407 86

VISL 9   2.60%

                      12/31/2007              N/A              12.588 0

                      12/31/2008              12.588              7.297 227

                      12/31/2009              7.297              9.373 327

                      12/31/2010              9.373              10.232 294

                      12/31/2011              10.232              9.552 280

AZL Dreyfus Research Growth Fund

VISB 1   1.70%

                      12/31/2007              N/A              11.315 160

                      12/31/2008              11.315              6.493 213

                      12/31/2009              6.493              8.602 52

                      12/31/2010              8.602              10.396 43

                      12/31/2011              10.396              9.895 76

VISB 10   2.95%

                      12/31/2007              N/A              10.476 0

                      12/31/2008              10.476              5.936 19

                      12/31/2009              5.936              7.767 22

                      12/31/2010              7.767              9.270 76

                      12/31/2011              9.270              8.714 29

VISB 11   2.10%

                      12/31/2008              N/A              6.309 11

                      12/31/2009              6.309              8.326 31

                      12/31/2010              8.326              10.022 24

                      12/31/2011              10.022              9.500 24

VISB 13   3.10%

                      12/31/2009              N/A              7.673 1

                      12/31/2010              7.673              9.144 0

                      12/31/2011              9.144              8.582 0

VISB 14   2.25%

                      12/31/2009              N/A              8.224 12

                      12/31/2010              8.224              9.885 16

                      12/31/2011              9.885              9.357 13

VISB 2   2.00%

                      12/31/2007              N/A              11.108 28

                      12/31/2008              11.108              6.355 32

                      12/31/2009              6.355              8.394 15

                      12/31/2010              8.394              10.114 22

                      12/31/2011              10.114              9.597 109

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

34

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              10.837 0

                      12/31/2008              10.837              6.175 83

                      12/31/2009              6.175              8.124 211

                      12/31/2010              8.124              9.750 279

                      12/31/2011              9.750              9.215 291

VISB 4   2.70%

                      12/31/2007              N/A              10.638 0

                      12/31/2008              10.638              6.044 3

                      12/31/2009              6.044              7.927 20

                      12/31/2010              7.927              9.485 44

                      12/31/2011              9.485              8.938 43

VISB 5   2.55%

                      12/31/2007              N/A              10.737 0

                      12/31/2008              10.737              6.109 57

                      12/31/2009              6.109              8.025 144

                      12/31/2010              8.025              9.617 154

                      12/31/2011              9.617              9.075 155

VISB 6   2.85%

                      12/31/2007              N/A              10.540 0

                      12/31/2008              10.540              5.979 3

                      12/31/2009              5.979              7.831 11

                      12/31/2010              7.831              9.356 19

                      12/31/2011              9.356              8.803 17

VISB 7   2.50%

                      12/31/2007              N/A              10.770 0

                      12/31/2008              10.770              6.131 57

                      12/31/2009              6.131              8.058 92

                      12/31/2010              8.058              9.661 131

                      12/31/2011              9.661              9.122 142

VISB 8   2.80%

                      12/31/2007              N/A              10.573 0

                      12/31/2008              10.573              6.000 5

                      12/31/2009              6.000              7.863 5

                      12/31/2010              7.863              9.399 15

                      12/31/2011              9.399              8.848 35

VISB 9   2.65%

                      12/31/2007              N/A              10.671 0

                      12/31/2008              10.671              6.065 65

                      12/31/2009              6.065              7.960 82

                      12/31/2010              7.960              9.529 120

                      12/31/2011              9.529              8.984 96

VISC 1   2.45%

                      12/31/2008              N/A              6.153 22

                      12/31/2009              6.153              8.091 10

                      12/31/2010              8.091              9.705 14

                      12/31/2011              9.705              9.168 5

VISC 10   3.00%

                      12/31/2008              N/A              5.916 0

                      12/31/2009              5.916              7.736 0

                      12/31/2010              7.736              9.229 0

                      12/31/2011              9.229              8.670 0

VISC 11   2.30%

                      12/31/2009              N/A              8.191 0

                      12/31/2010              8.191              9.839 0

                      12/31/2011              9.839              9.309 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              7.642 0

                      12/31/2010              7.642              9.102 0

                      12/31/2011              9.102              8.539 0

VISC 13   1.75%

                      12/31/2009              N/A              8.560 0

                      12/31/2010              8.560              10.340 8

                      12/31/2011              10.340              9.837 9

VISC 14   2.05%

                      12/31/2009              N/A              8.360 0

                      12/31/2010              8.360              10.068 0

                      12/31/2011              10.068              9.549 0

VISC 2   2.75%

                      12/31/2008              N/A              6.022 6

                      12/31/2009              6.022              7.895 7

                      12/31/2010              7.895              9.442 6

                      12/31/2011              9.442              8.893 6

VISC 3   2.60%

                      12/31/2008              N/A              6.087 39

                      12/31/2009              6.087              7.992 0

                      12/31/2010              7.992              9.573 0

                      12/31/2011              9.573              9.029 0

VISC 4   2.90%

                      12/31/2008              N/A              5.958 0

                      12/31/2009              5.958              7.799 0

                      12/31/2010              7.799              9.313 0

                      12/31/2011              9.313              8.758 0

VISC 5   2.15%

                      12/31/2008              N/A              6.287 0

                      12/31/2009              6.287              8.292 5

                      12/31/2010              8.292              9.976 5

                      12/31/2011              9.976              9.452 5

VISC 7   2.55%

                      12/31/2008              N/A              6.109 0

                      12/31/2009              6.109              8.025 0

                      12/31/2010              8.025              9.617 0

                      12/31/2011              9.617              9.075 5

VISC 8   2.85%

                      12/31/2008              N/A              5.979 0

                      12/31/2009              5.979              7.831 1

                      12/31/2010              7.831              9.356 1

                      12/31/2011              9.356              8.803 1

VISC 9   2.70%

                      12/31/2008              N/A              6.044 44

                      12/31/2009              6.044              7.927 43

                      12/31/2010              7.927              9.485 42

                      12/31/2011              9.485              8.938 9

VISI 1   1.40%

                      12/31/2007              N/A              11.526 0

                      12/31/2008              11.526              6.634 0

                      12/31/2009              6.634              8.816 0

                      12/31/2010              8.816              10.686 0

                      12/31/2011              10.686              10.201 0

VISI 10   2.65%

                      12/31/2007              N/A              10.671 0

                      12/31/2008              10.671              6.065 9

                      12/31/2009              6.065              7.960 48

                      12/31/2010              7.960              9.529 52

                      12/31/2011              9.529              8.984 52

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

35

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              6.447 62

                      12/31/2009              6.447              8.532 136

                      12/31/2010              8.532              10.301 175

                      12/31/2011              10.301              9.795 197

VISI 13   1.95%

                      12/31/2009              N/A              8.428 58

                      12/31/2010              8.428              10.160 67

                      12/31/2011              10.160              9.646 62

VISI 14   2.80%

                      12/31/2009              N/A              7.863 0

                      12/31/2010              7.863              9.399 0

                      12/31/2011              9.399              8.848 0

VISI 2   1.70%

                      12/31/2007              N/A              11.315 33

                      12/31/2008              11.315              6.493 43

                      12/31/2009              6.493              8.602 23

                      12/31/2010              8.602              10.396 57

                      12/31/2011              10.396              9.895 94

VISI 3   2.10%

                      12/31/2007              N/A              11.039 0

                      12/31/2008              11.039              6.309 90

                      12/31/2009              6.309              8.326 192

                      12/31/2010              8.326              10.022 250

                      12/31/2011              10.022              9.500 214

VISI 4   2.40%

                      12/31/2007              N/A              10.837 0

                      12/31/2008              10.837              6.175 25

                      12/31/2009              6.175              8.124 32

                      12/31/2010              8.124              9.750 44

                      12/31/2011              9.750              9.215 33

VISI 5   2.25%

                      12/31/2007              N/A              10.938 0

                      12/31/2008              10.938              6.242 121

                      12/31/2009              6.242              8.224 222

                      12/31/2010              8.224              9.885 238

                      12/31/2011              9.885              9.357 249

VISI 6   2.55%

                      12/31/2007              N/A              10.737 0

                      12/31/2008              10.737              6.109 7

                      12/31/2009              6.109              8.025 30

                      12/31/2010              8.025              9.617 35

                      12/31/2011              9.617              9.075 42

VISI 7   2.20%

                      12/31/2007              N/A              10.971 0

                      12/31/2008              10.971              6.264 141

                      12/31/2009              6.264              8.258 243

                      12/31/2010              8.258              9.930 249

                      12/31/2011              9.930              9.404 208

VISI 8   2.50%

                      12/31/2007              N/A              10.770 0

                      12/31/2008              10.770              6.131 45

                      12/31/2009              6.131              8.058 92

                      12/31/2010              8.058              9.661 85

                      12/31/2011              9.661              9.122 71

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              10.870 0

                      12/31/2008              10.870              6.197 96

                      12/31/2009              6.197              8.157 164

                      12/31/2010              8.157              9.794 204

                      12/31/2011              9.794              9.262 196

VISL 1   1.65%

                      12/31/2007              N/A              11.350 69

                      12/31/2008              11.350              6.516 93

                      12/31/2009              6.516              8.637 24

                      12/31/2010              8.637              10.444 104

                      12/31/2011              10.444              9.945 138

VISL 10   2.90%

                      12/31/2007              N/A              10.508 0

                      12/31/2008              10.508              5.958 49

                      12/31/2009              5.958              7.799 83

                      12/31/2010              7.799              9.313 87

                      12/31/2011              9.313              8.758 88

VISL 11   2.05%

                      12/31/2008              N/A              6.332 29

                      12/31/2009              6.332              8.360 87

                      12/31/2010              8.360              10.068 100

                      12/31/2011              10.068              9.549 106

VISL 13   3.05%

                      12/31/2009              N/A              7.704 4

                      12/31/2010              7.704              9.186 0

                      12/31/2011              9.186              8.626 0

VISL 14   2.20%

                      12/31/2009              N/A              8.258 18

                      12/31/2010              8.258              9.930 20

                      12/31/2011              9.930              9.404 47

VISL 2   1.95%

                      12/31/2007              N/A              11.142 13

                      12/31/2008              11.142              6.377 14

                      12/31/2009              6.377              8.428 6

                      12/31/2010              8.428              10.160 18

                      12/31/2011              10.160              9.646 45

VISL 3   2.35%

                      12/31/2007              N/A              10.870 0

                      12/31/2008              10.870              6.197 52

                      12/31/2009              6.197              8.157 76

                      12/31/2010              8.157              9.794 79

                      12/31/2011              9.794              9.262 94

VISL 4   2.65%

                      12/31/2007              N/A              10.671 0

                      12/31/2008              10.671              6.065 29

                      12/31/2009              6.065              7.960 20

                      12/31/2010              7.960              9.529 22

                      12/31/2011              9.529              8.984 28

VISL 5   2.50%

                      12/31/2007              N/A              10.770 0

                      12/31/2008              10.770              6.131 82

                      12/31/2009              6.131              8.058 84

                      12/31/2010              8.058              9.661 97

                      12/31/2011              9.661              9.122 100

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

36

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              10.573 0

                      12/31/2008              10.573              6.000 1

                      12/31/2009              6.000              7.863 9

                      12/31/2010              7.863              9.399 20

                      12/31/2011              9.399              8.848 11

VISL 7   2.45%

                      12/31/2007              N/A              10.804 0

                      12/31/2008              10.804              6.153 44

                      12/31/2009              6.153              8.091 65

                      12/31/2010              8.091              9.705 81

                      12/31/2011              9.705              9.168 88

VISL 8   2.75%

                      12/31/2007              N/A              10.606 0

                      12/31/2008              10.606              6.022 10

                      12/31/2009              6.022              7.895 23

                      12/31/2010              7.895              9.442 24

                      12/31/2011              9.442              8.893 17

VISL 9   2.60%

                      12/31/2007              N/A              10.704 0

                      12/31/2008              10.704              6.087 14

                      12/31/2009              6.087              7.992 34

                      12/31/2010              7.992              9.573 50

                      12/31/2011              9.573              9.029 103

AZL Eaton Vance Large Cap Value Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.140 124

                      12/31/2008              12.140              7.616 155

                      12/31/2009              7.616              9.475 72

                      12/31/2010              9.475              10.230 124

                      12/31/2011              10.230              9.610 139

VISB 10   2.95%

                      12/31/2007              N/A              11.168 0

                      12/31/2008              11.168              6.919 7

                      12/31/2009              6.919              8.501 26

                      12/31/2010              8.501              9.064 12

                      12/31/2011              9.064              8.410 19

VISB 11   2.10%

                      12/31/2008              N/A              7.386 3

                      12/31/2009              7.386              9.151 56

                      12/31/2010              9.151              9.842 123

                      12/31/2011              9.842              9.208 157

VISB 13   3.10%

                      12/31/2009              N/A              8.391 0

                      12/31/2010              8.391              8.934 0

                      12/31/2011              8.934              8.276 0

VISB 14   2.25%

                      12/31/2009              N/A              9.033 29

                      12/31/2010              9.033              9.700 36

                      12/31/2011              9.700              9.062 53

VISB 2   2.00%

                      12/31/2007              N/A              11.899 92

                      12/31/2008              11.899              7.443 123

                      12/31/2009              7.443              9.231 45

                      12/31/2010              9.231              9.937 37

                      12/31/2011              9.937              9.307 37

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              11.586 0

                      12/31/2008              11.586              7.218 60

                      12/31/2009              7.218              8.916 113

                      12/31/2010              8.916              9.560 116

                      12/31/2011              9.560              8.918 108

VISB 4   2.70%

                      12/31/2007              N/A              11.356 0

                      12/31/2008              11.356              7.054 20

                      12/31/2009              7.054              8.687 25

                      12/31/2010              8.687              9.286 26

                      12/31/2011              9.286              8.637 33

VISB 5   2.55%

                      12/31/2007              N/A              11.471 0

                      12/31/2008              11.471              7.135 8

                      12/31/2009              7.135              8.801 46

                      12/31/2010              8.801              9.422 55

                      12/31/2011              9.422              8.776 68

VISB 6   2.85%

                      12/31/2007              N/A              11.243 0

                      12/31/2008              11.243              6.973 10

                      12/31/2009              6.973              8.575 21

                      12/31/2010              8.575              9.153 21

                      12/31/2011              9.153              8.500 21

VISB 7   2.50%

                      12/31/2007              N/A              11.509 0

                      12/31/2008              11.509              7.163 58

                      12/31/2009              7.163              8.839 85

                      12/31/2010              8.839              9.468 110

                      12/31/2011              9.468              8.823 114

VISB 8   2.80%

                      12/31/2007              N/A              11.281 0

                      12/31/2008              11.281              7.000 16

                      12/31/2009              7.000              8.612 78

                      12/31/2010              8.612              9.197 24

                      12/31/2011              9.197              8.545 26

VISB 9   2.65%

                      12/31/2007              N/A              11.394 0

                      12/31/2008              11.394              7.081 10

                      12/31/2009              7.081              8.725 40

                      12/31/2010              8.725              9.331 32

                      12/31/2011              9.331              8.683 31

VISC 1   2.45%

                      12/31/2008              N/A              7.190 1

                      12/31/2009              7.190              8.878 13

                      12/31/2010              8.878              9.514 1

                      12/31/2011              9.514              8.871 0

VISC 10   3.00%

                      12/31/2008              N/A              6.893 0

                      12/31/2009              6.893              8.464 0

                      12/31/2010              8.464              9.021 0

                      12/31/2011              9.021              8.365 0

VISC 11   2.30%

                      12/31/2009              N/A              8.994 0

                      12/31/2010              8.994              9.653 0

                      12/31/2011              9.653              9.014 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

37

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              8.354 0

                      12/31/2010              8.354              8.891 0

                      12/31/2011              8.891              8.232 0

VISC 13   1.75%

                      12/31/2009              N/A              9.426 0

                      12/31/2010              9.426              10.173 7

                      12/31/2011              10.173              9.551 7

VISC 14   2.05%

                      12/31/2009              N/A              9.191 0

                      12/31/2010              9.191              9.889 0

                      12/31/2011              9.889              9.258 0

VISC 2   2.75%

                      12/31/2008              N/A              7.026 0

                      12/31/2009              7.026              8.649 0

                      12/31/2010              8.649              9.242 0

                      12/31/2011              9.242              8.591 0

VISC 3   2.60%

                      12/31/2008              N/A              7.108 0

                      12/31/2009              7.108              8.763 42

                      12/31/2010              8.763              9.377 1

                      12/31/2011              9.377              8.730 1

VISC 4   2.90%

                      12/31/2008              N/A              6.946 0

                      12/31/2009              6.946              8.538 0

                      12/31/2010              8.538              9.108 0

                      12/31/2011              9.108              8.455 0

VISC 5   2.15%

                      12/31/2008              N/A              7.358 3

                      12/31/2009              7.358              9.112 6

                      12/31/2010              9.112              9.794 2

                      12/31/2011              9.794              9.159 2

VISC 7   2.55%

                      12/31/2008              N/A              7.135 2

                      12/31/2009              7.135              8.801 0

                      12/31/2010              8.801              9.422 0

                      12/31/2011              9.422              8.776 2

VISC 8   2.85%

                      12/31/2008              N/A              6.973 0

                      12/31/2009              6.973              8.575 1

                      12/31/2010              8.575              9.153 0

                      12/31/2011              9.153              8.500 0

VISC 9   2.70%

                      12/31/2008              N/A              7.054 2

                      12/31/2009              7.054              8.687 2

                      12/31/2010              8.687              9.286 2

                      12/31/2011              9.286              8.637 3

VISI 1   1.40%

                      12/31/2007              N/A              12.386 0

                      12/31/2008              12.386              7.794 0

                      12/31/2009              7.794              9.724 0

                      12/31/2010              9.724              10.531 0

                      12/31/2011              10.531              9.923 0

VISI 10   2.65%

                      12/31/2007              N/A              11.394 0

                      12/31/2008              11.394              7.081 20

                      12/31/2009              7.081              8.725 38

                      12/31/2010              8.725              9.331 32

                      12/31/2011              9.331              8.683 32

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              7.558 64

                      12/31/2009              7.558              9.393 147

                      12/31/2010              9.393              10.132 201

                      12/31/2011              10.132              9.508 180

VISI 13   1.95%

                      12/31/2009              N/A              9.271 89

                      12/31/2010              9.271              9.986 99

                      12/31/2011              9.986              9.357 88

VISI 14   2.80%

                      12/31/2009              N/A              8.612 7

                      12/31/2010              8.612              9.197 0

                      12/31/2011              9.197              8.545 0

VISI 2   1.70%

                      12/31/2007              N/A              12.140 53

                      12/31/2008              12.140              7.616 58

                      12/31/2009              7.616              9.475 21

                      12/31/2010              9.475              10.230 65

                      12/31/2011              10.230              9.610 91

VISI 3   2.10%

                      12/31/2007              N/A              11.820 0

                      12/31/2008              11.820              7.386 130

                      12/31/2009              7.386              9.151 236

                      12/31/2010              9.151              9.842 247

                      12/31/2011              9.842              9.208 221

VISI 4   2.40%

                      12/31/2007              N/A              11.586 0

                      12/31/2008              11.586              7.218 20

                      12/31/2009              7.218              8.916 48

                      12/31/2010              8.916              9.560 49

                      12/31/2011              9.560              8.918 46

VISI 5   2.25%

                      12/31/2007              N/A              11.703 0

                      12/31/2008              11.703              7.301 139

                      12/31/2009              7.301              9.033 239

                      12/31/2010              9.033              9.700 265

                      12/31/2011              9.700              9.062 253

VISI 6   2.55%

                      12/31/2007              N/A              11.471 0

                      12/31/2008              11.471              7.135 4

                      12/31/2009              7.135              8.801 32

                      12/31/2010              8.801              9.422 29

                      12/31/2011              9.422              8.776 32

VISI 7   2.20%

                      12/31/2007              N/A              11.742 0

                      12/31/2008              11.742              7.330 123

                      12/31/2009              7.330              9.072 209

                      12/31/2010              9.072              9.747 228

                      12/31/2011              9.747              9.111 228

VISI 8   2.50%

                      12/31/2007              N/A              11.509 0

                      12/31/2008              11.509              7.163 37

                      12/31/2009              7.163              8.839 61

                      12/31/2010              8.839              9.468 50

                      12/31/2011              9.468              8.823 52

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

38

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              11.625 0

                      12/31/2008              11.625              7.246 80

                      12/31/2009              7.246              8.955 127

                      12/31/2010              8.955              9.606 116

                      12/31/2011              9.606              8.966 123

VISL 1   1.65%

                      12/31/2007              N/A              12.181 31

                      12/31/2008              12.181              7.646 38

                      12/31/2009              7.646              9.516 16

                      12/31/2010              9.516              10.280 144

                      12/31/2011              10.280              9.661 138

VISL 10   2.90%

                      12/31/2007              N/A              11.206 0

                      12/31/2008              11.206              6.946 20

                      12/31/2009              6.946              8.538 29

                      12/31/2010              8.538              9.108 34

                      12/31/2011              9.108              8.455 25

VISL 11   2.05%

                      12/31/2008              N/A              7.414 16

                      12/31/2009              7.414              9.191 46

                      12/31/2010              9.191              9.889 41

                      12/31/2011              9.889              9.258 49

VISL 13   3.05%

                      12/31/2009              N/A              8.427 2

                      12/31/2010              8.427              8.977 0

                      12/31/2011              8.977              8.320 0

VISL 14   2.20%

                      12/31/2009              N/A              9.072 28

                      12/31/2010              9.072              9.747 57

                      12/31/2011              9.747              9.111 60

VISL 2   1.95%

                      12/31/2007              N/A              11.939 52

                      12/31/2008              11.939              7.472 65

                      12/31/2009              7.472              9.271 12

                      12/31/2010              9.271              9.986 38

                      12/31/2011              9.986              9.357 109

VISL 3   2.35%

                      12/31/2007              N/A              11.625 0

                      12/31/2008              11.625              7.246 52

                      12/31/2009              7.246              8.955 98

                      12/31/2010              8.955              9.606 90

                      12/31/2011              9.606              8.966 86

VISL 4   2.65%

                      12/31/2007              N/A              11.394 0

                      12/31/2008              11.394              7.081 9

                      12/31/2009              7.081              8.725 32

                      12/31/2010              8.725              9.331 34

                      12/31/2011              9.331              8.683 42

VISL 5   2.50%

                      12/31/2007              N/A              11.509 0

                      12/31/2008              11.509              7.163 35

                      12/31/2009              7.163              8.839 87

                      12/31/2010              8.839              9.468 51

                      12/31/2011              9.468              8.823 58

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              11.281 0

                      12/31/2008              11.281              7.000 2

                      12/31/2009              7.000              8.612 23

                      12/31/2010              8.612              9.197 22

                      12/31/2011              9.197              8.545 20

VISL 7   2.45%

                      12/31/2007              N/A              11.547 0

                      12/31/2008              11.547              7.190 55

                      12/31/2009              7.190              8.878 83

                      12/31/2010              8.878              9.514 93

                      12/31/2011              9.514              8.871 85

VISL 8   2.75%

                      12/31/2007              N/A              11.318 0

                      12/31/2008              11.318              7.026 6

                      12/31/2009              7.026              8.649 27

                      12/31/2010              8.649              9.242 24

                      12/31/2011              9.242              8.591 18

VISL 9   2.60%

                      12/31/2007              N/A              11.432 0

                      12/31/2008              11.432              7.108 16

                      12/31/2009              7.108              8.763 69

                      12/31/2010              8.763              9.377 96

                      12/31/2011              9.377              8.730 75

AZL Federated Clover Small Value Fund

VISB 1   1.70%

                      12/31/2007              N/A              17.242 175

                      12/31/2008              17.242              11.233 195

                      12/31/2009              11.233              14.425 31

                      12/31/2010              14.425              18.026 70

                      12/31/2011              18.026              17.028 67

VISB 10   2.95%

                      12/31/2007              N/A              16.263 0

                      12/31/2008              16.263              10.463 19

                      12/31/2009              10.463              13.269 22

                      12/31/2010              13.269              16.376 32

                      12/31/2011              16.376              15.278 33

VISB 11   2.10%

                      12/31/2008              N/A              10.981 9

                      12/31/2009              10.981              14.044 34

                      12/31/2010              14.044              17.480 51

                      12/31/2011              17.480              16.447 52

VISB 13   3.10%

                      12/31/2009              N/A              13.137 0

                      12/31/2010              13.137              16.189 0

                      12/31/2011              16.189              15.080 0

VISB 14   2.25%

                      12/31/2009              N/A              13.904 18

                      12/31/2010              13.904              17.280 20

                      12/31/2011              17.280              16.234 23

VISB 2   2.00%

                      12/31/2007              N/A              17.002 31

                      12/31/2008              17.002              11.043 37

                      12/31/2009              11.043              14.138 9

                      12/31/2010              14.138              17.615 29

                      12/31/2011              17.615              16.590 26

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

39

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              16.687 0

                      12/31/2008              16.687              10.795 74

                      12/31/2009              10.795              13.766 148

                      12/31/2010              13.766              17.082 249

                      12/31/2011              17.082              16.025 146

VISB 4   2.70%

                      12/31/2007              N/A              16.454 0

                      12/31/2008              16.454              10.613 20

                      12/31/2009              10.613              13.493 32

                      12/31/2010              13.493              16.693 28

                      12/31/2011              16.693              15.613 28

VISB 5   2.55%

                      12/31/2007              N/A              16.570 0

                      12/31/2008              16.570              10.704 37

                      12/31/2009              10.704              13.629 131

                      12/31/2010              13.629              16.887 121

                      12/31/2011              16.887              15.817 116

VISB 6   2.85%

                      12/31/2007              N/A              16.339 0

                      12/31/2008              16.339              10.523 5

                      12/31/2009              10.523              13.358 13

                      12/31/2010              13.358              16.502 13

                      12/31/2011              16.502              15.411 12

VISB 7   2.50%

                      12/31/2007              N/A              16.609 0

                      12/31/2008              16.609              10.734 83

                      12/31/2009              10.734              13.674 127

                      12/31/2010              13.674              16.952 147

                      12/31/2011              16.952              15.886 140

VISB 8   2.80%

                      12/31/2007              N/A              16.378 0

                      12/31/2008              16.378              10.553 20

                      12/31/2009              10.553              13.403 43

                      12/31/2010              13.403              16.566 35

                      12/31/2011              16.566              15.478 37

VISB 9   2.65%

                      12/31/2007              N/A              16.493 0

                      12/31/2008              16.493              10.643 126

                      12/31/2009              10.643              13.538 135

                      12/31/2010              13.538              16.758 151

                      12/31/2011              16.758              15.681 126

VISC 1   2.45%

                      12/31/2008              N/A              10.765 2

                      12/31/2009              10.765              13.720 10

                      12/31/2010              13.720              17.017 2

                      12/31/2011              17.017              15.955 1

VISC 10   3.00%

                      12/31/2008              N/A              10.434 2

                      12/31/2009              10.434              13.225 1

                      12/31/2010              13.225              16.313 1

                      12/31/2011              16.313              15.212 0

VISC 11   2.30%

                      12/31/2009              N/A              13.858 1

                      12/31/2010              13.858              17.214 1

                      12/31/2011              17.214              16.164 1

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              13.093 0

                      12/31/2010              13.093              16.127 0

                      12/31/2011              16.127              15.015 0

VISC 13   1.75%

                      12/31/2009              N/A              14.365 1

                      12/31/2010              14.365              17.942 4

                      12/31/2011              17.942              16.941 9

VISC 14   2.05%

                      12/31/2009              N/A              14.091 0

                      12/31/2010              14.091              17.548 0

                      12/31/2011              17.548              16.519 0

VISC 2   2.75%

                      12/31/2008              N/A              10.583 1

                      12/31/2009              10.583              13.448 1

                      12/31/2010              13.448              16.629 1

                      12/31/2011              16.629              15.545 1

VISC 3   2.60%

                      12/31/2008              N/A              10.673 2

                      12/31/2009              10.673              13.583 30

                      12/31/2010              13.583              16.822 3

                      12/31/2011              16.822              15.749 2

VISC 4   2.90%

                      12/31/2008              N/A              10.493 0

                      12/31/2009              10.493              13.314 0

                      12/31/2010              13.314              16.439 0

                      12/31/2011              16.439              15.344 0

VISC 5   2.15%

                      12/31/2008              N/A              10.950 4

                      12/31/2009              10.950              13.998 6

                      12/31/2010              13.998              17.413 8

                      12/31/2011              17.413              16.376 4

VISC 7   2.55%

                      12/31/2008              N/A              10.704 9

                      12/31/2009              10.704              13.629 15

                      12/31/2010              13.629              16.887 12

                      12/31/2011              16.887              15.817 14

VISC 8   2.85%

                      12/31/2008              N/A              10.523 3

                      12/31/2009              10.523              13.358 2

                      12/31/2010              13.358              16.502 2

                      12/31/2011              16.502              15.411 2

VISC 9   2.70%

                      12/31/2008              N/A              10.613 6

                      12/31/2009              10.613              13.493 16

                      12/31/2010              13.493              16.693 12

                      12/31/2011              16.693              15.613 8

VISI 1   1.40%

                      12/31/2007              N/A              17.485 0

                      12/31/2008              17.485              11.426 0

                      12/31/2009              11.426              14.716 0

                      12/31/2010              14.716              18.446 0

                      12/31/2011              18.446              17.477 0

VISI 10   2.65%

                      12/31/2007              N/A              16.493 0

                      12/31/2008              16.493              10.643 33

                      12/31/2009              10.643              13.538 48

                      12/31/2010              13.538              16.758 39

                      12/31/2011              16.758              15.681 37

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

40

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              11.169 94

                      12/31/2009              11.169              14.329 203

                      12/31/2010              14.329              17.888 199

                      12/31/2011              17.888              16.881 196

VISI 13   1.95%

                      12/31/2009              N/A              14.186 91

                      12/31/2010              14.186              17.683 106

                      12/31/2011              17.683              16.662 101

VISI 14   2.80%

                      12/31/2009              N/A              13.403 0

                      12/31/2010              13.403              16.566 0

                      12/31/2011              16.566              15.478 0

VISI 2   1.70%

                      12/31/2007              N/A              17.242 38

                      12/31/2008              17.242              11.233 48

                      12/31/2009              11.233              14.425 17

                      12/31/2010              14.425              18.026 109

                      12/31/2011              18.026              17.028 86

VISI 3   2.10%

                      12/31/2007              N/A              16.923 0

                      12/31/2008              16.923              10.981 104

                      12/31/2009              10.981              14.044 208

                      12/31/2010              14.044              17.480 199

                      12/31/2011              17.480              16.447 190

VISI 4   2.40%

                      12/31/2007              N/A              16.687 0

                      12/31/2008              16.687              10.795 16

                      12/31/2009              10.795              13.766 34

                      12/31/2010              13.766              17.082 30

                      12/31/2011              17.082              16.025 29

VISI 5   2.25%

                      12/31/2007              N/A              16.804 0

                      12/31/2008              16.804              10.888 56

                      12/31/2009              10.888              13.904 162

                      12/31/2010              13.904              17.280 169

                      12/31/2011              17.280              16.234 158

VISI 6   2.55%

                      12/31/2007              N/A              16.570 0

                      12/31/2008              16.570              10.704 2

                      12/31/2009              10.704              13.629 18

                      12/31/2010              13.629              16.887 19

                      12/31/2011              16.887              15.817 16

VISI 7   2.20%

                      12/31/2007              N/A              16.844 0

                      12/31/2008              16.844              10.919 172

                      12/31/2009              10.919              13.951 235

                      12/31/2010              13.951              17.347 252

                      12/31/2011              17.347              16.305 228

VISI 8   2.50%

                      12/31/2007              N/A              16.609 0

                      12/31/2008              16.609              10.734 49

                      12/31/2009              10.734              13.674 61

                      12/31/2010              13.674              16.952 64

                      12/31/2011              16.952              15.886 60

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              16.726 0

                      12/31/2008              16.726              10.826 180

                      12/31/2009              10.826              13.812 228

                      12/31/2010              13.812              17.148 231

                      12/31/2011              17.148              16.094 199

VISL 1   1.65%

                      12/31/2007              N/A              17.282 69

                      12/31/2008              17.282              11.265 106

                      12/31/2009              11.265              14.473 33

                      12/31/2010              14.473              18.095 93

                      12/31/2011              18.095              17.102 118

VISL 10   2.90%

                      12/31/2007              N/A              16.301 0

                      12/31/2008              16.301              10.493 15

                      12/31/2009              10.493              13.314 28

                      12/31/2010              13.314              16.439 24

                      12/31/2011              16.439              15.344 20

VISL 11   2.05%

                      12/31/2008              N/A              11.012 28

                      12/31/2009              11.012              14.091 71

                      12/31/2010              14.091              17.548 77

                      12/31/2011              17.548              16.519 92

VISL 13   3.05%

                      12/31/2009              N/A              13.181 2

                      12/31/2010              13.181              16.251 0

                      12/31/2011              16.251              15.146 0

VISL 14   2.20%

                      12/31/2009              N/A              13.951 33

                      12/31/2010              13.951              17.347 32

                      12/31/2011              17.347              16.305 37

VISL 2   1.95%

                      12/31/2007              N/A              17.042 19

                      12/31/2008              17.042              11.075 27

                      12/31/2009              11.075              14.186 12

                      12/31/2010              14.186              17.683 37

                      12/31/2011              17.683              16.662 29

VISL 3   2.35%

                      12/31/2007              N/A              16.726 0

                      12/31/2008              16.726              10.826 51

                      12/31/2009              10.826              13.812 88

                      12/31/2010              13.812              17.148 88

                      12/31/2011              17.148              16.094 82

VISL 4   2.65%

                      12/31/2007              N/A              16.493 0

                      12/31/2008              16.493              10.643 11

                      12/31/2009              10.643              13.538 25

                      12/31/2010              13.538              16.758 31

                      12/31/2011              16.758              15.681 32

VISL 5   2.50%

                      12/31/2007              N/A              16.609 0

                      12/31/2008              16.609              10.734 27

                      12/31/2009              10.734              13.674 83

                      12/31/2010              13.674              16.952 64

                      12/31/2011              16.952              15.886 71

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

41

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              16.378 0

                      12/31/2008              16.378              10.553 1

                      12/31/2009              10.553              13.403 8

                      12/31/2010              13.403              16.566 9

                      12/31/2011              16.566              15.478 9

VISL 7   2.45%

                      12/31/2007              N/A              16.648 0

                      12/31/2008              16.648              10.765 68

                      12/31/2009              10.765              13.720 112

                      12/31/2010              13.720              17.017 104

                      12/31/2011              17.017              15.955 84

VISL 8   2.75%

                      12/31/2007              N/A              16.416 0

                      12/31/2008              16.416              10.583 12

                      12/31/2009              10.583              13.448 42

                      12/31/2010              13.448              16.629 27

                      12/31/2011              16.629              15.545 25

VISL 9   2.60%

                      12/31/2007              N/A              16.532 0

                      12/31/2008              16.532              10.673 71

                      12/31/2009              10.673              13.583 123

                      12/31/2010              13.583              16.822 116

                      12/31/2011              16.822              15.749 89

AZL Franklin Templeton Founding Strategy Plus Fund

VISB 1   1.70%

                      12/31/2009              N/A              10.212 57

                      12/31/2010              10.212              11.046 1089

                      12/31/2011              11.046              10.661 1605

VISB 10   2.95%

                      12/31/2009              N/A              10.188 1

                      12/31/2010              10.188              10.883 60

                      12/31/2011              10.883              10.373 66

VISB 11   2.10%

                      12/31/2009              N/A              10.204 0

                      12/31/2010              10.204              10.993 9

                      12/31/2011              10.993              10.568 18

VISB 13   3.10%

                      12/31/2009              N/A              10.185 0

                      12/31/2010              10.185              10.863 4

                      12/31/2011              10.863              10.339 10

VISB 14   2.25%

                      12/31/2009              N/A              10.201 0

                      12/31/2010              10.201              10.974 2

                      12/31/2011              10.974              10.533 2

VISB 2   2.00%

                      12/31/2009              N/A              10.206 28

                      12/31/2010              10.206              11.006 327

                      12/31/2011              11.006              10.591 429

VISB 3   2.40%

                      12/31/2009              N/A              10.198 2

                      12/31/2010              10.198              10.954 307

                      12/31/2011              10.954              10.499 14

VISB 4   2.70%

                      12/31/2009              N/A              10.192 0

                      12/31/2010              10.192              10.915 33

                      12/31/2011              10.915              10.430 37

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 5   2.55%

                      12/31/2009              N/A              10.195 0

                      12/31/2010              10.195              10.935 3

                      12/31/2011              10.935              10.464 28

VISB 6   2.85%

                      12/31/2009              N/A              10.189 0

                      12/31/2010              10.189              10.896 3

                      12/31/2011              10.896              10.396 2

VISB 7   2.50%

                      12/31/2009              N/A              10.196 10

                      12/31/2010              10.196              10.941 16

                      12/31/2011              10.941              10.476 20

VISB 8   2.80%

                      12/31/2009              N/A              10.190 3

                      12/31/2010              10.190              10.902 61

                      12/31/2011              10.902              10.407 78

VISB 9   2.65%

                      12/31/2009              N/A              10.193 5

                      12/31/2010              10.193              10.922 58

                      12/31/2011              10.922              10.442 67

VISC 1   2.45%

                      12/31/2009              N/A              10.197 0

                      12/31/2010              10.197              10.948 0

                      12/31/2011              10.948              10.487 1

VISC 10   3.00%

                      12/31/2009              N/A              10.187 0

                      12/31/2010              10.187              10.876 2

                      12/31/2011              10.876              10.362 2

VISC 11   2.30%

                      12/31/2009              N/A              10.200 0

                      12/31/2010              10.200              10.967 0

                      12/31/2011              10.967              10.522 0

VISC 12   3.15%

                      12/31/2009              N/A              10.184 0

                      12/31/2010              10.184              10.857 1

                      12/31/2011              10.857              10.328 0

VISC 13   1.75%

                      12/31/2009              N/A              10.211 18

                      12/31/2010              10.211              11.039 150

                      12/31/2011              11.039              10.649 181

VISC 14   2.05%

                      12/31/2009              N/A              10.205 0

                      12/31/2010              10.205              11.000 0

                      12/31/2011              11.000              10.580 0

VISC 2   2.75%

                      12/31/2009              N/A              10.191 0

                      12/31/2010              10.191              10.909 0

                      12/31/2011              10.909              10.419 0

VISC 3   2.60%

                      12/31/2009              N/A              10.194 0

                      12/31/2010              10.194              10.928 0

                      12/31/2011              10.928              10.453 0

VISC 4   2.90%

                      12/31/2009              N/A              10.189 0

                      12/31/2010              10.189              10.889 0

                      12/31/2011              10.889              10.385 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

42

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 5   2.15%

                      12/31/2009              N/A              10.203 0

                      12/31/2010              10.203              10.987 3

                      12/31/2011              10.987              10.556 5

VISC 7   2.55%

                      12/31/2009              N/A              10.195 6

                      12/31/2010              10.195              10.935 1

                      12/31/2011              10.935              10.464 1

VISC 8   2.85%

                      12/31/2009              N/A              10.189 0

                      12/31/2010              10.189              10.896 1

                      12/31/2011              10.896              10.396 5

VISC 9   2.70%

                      12/31/2009              N/A              10.192 0

                      12/31/2010              10.192              10.915 0

                      12/31/2011              10.915              10.430 1

VISI 1   1.40%

                      12/31/2009              N/A              10.218 0

                      12/31/2010              10.218              11.085 0

                      12/31/2011              11.085              10.731 0

VISI 10   2.65%

                      12/31/2009              N/A              10.193 2

                      12/31/2010              10.193              10.922 78

                      12/31/2011              10.922              10.442 137

VISI 11   1.80%

                      12/31/2009              N/A              10.210 1

                      12/31/2010              10.210              11.033 7

                      12/31/2011              11.033              10.638 12

VISI 13   1.95%

                      12/31/2009              N/A              10.207 0

                      12/31/2010              10.207              11.013 3

                      12/31/2011              11.013              10.603 1

VISI 14   2.80%

                      12/31/2009              N/A              10.190 0

                      12/31/2010              10.190              10.902 15

                      12/31/2011              10.902              10.407 18

VISI 2   1.70%

                      12/31/2009              N/A              10.212 68

                      12/31/2010              10.212              11.046 1156

                      12/31/2011              11.046              10.661 1597

VISI 3   2.10%

                      12/31/2009              N/A              10.204 0

                      12/31/2010              10.204              10.993 14

                      12/31/2011              10.993              10.568 32

VISI 4   2.40%

                      12/31/2009              N/A              10.198 0

                      12/31/2010              10.198              10.954 12

                      12/31/2011              10.954              10.499 6

VISI 5   2.25%

                      12/31/2009              N/A              10.201 2

                      12/31/2010              10.201              10.974 22

                      12/31/2011              10.974              10.533 40

VISI 6   2.55%

                      12/31/2009              N/A              10.195 0

                      12/31/2010              10.195              10.935 0

                      12/31/2011              10.935              10.464 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 7   2.20%

                      12/31/2009              N/A              10.202 1

                      12/31/2010              10.202              10.980 39

                      12/31/2011              10.980              10.545 47

VISI 8   2.50%

                      12/31/2009              N/A              10.196 15

                      12/31/2010              10.196              10.941 242

                      12/31/2011              10.941              10.476 304

VISI 9   2.35%

                      12/31/2009              N/A              10.199 7

                      12/31/2010              10.199              10.961 162

                      12/31/2011              10.961              10.510 278

VISL 1   1.65%

                      12/31/2009              N/A              10.213 136

                      12/31/2010              10.213              11.052 2484

                      12/31/2011              11.052              10.673 3505

VISL 10   2.90%

                      12/31/2009              N/A              10.189 5

                      12/31/2010              10.189              10.889 113

                      12/31/2011              10.889              10.385 91

VISL 11   2.05%

                      12/31/2009              N/A              10.205 0

                      12/31/2010              10.205              11.000 3

                      12/31/2011              11.000              10.580 87

VISL 13   3.05%

                      12/31/2009              N/A              10.186 0

                      12/31/2010              10.186              10.870 34

                      12/31/2011              10.870              10.350 34

VISL 14   2.20%

                      12/31/2009              N/A              10.202 0

                      12/31/2010              10.202              10.980 4

                      12/31/2011              10.980              10.545 0

VISL 2   1.95%

                      12/31/2009              N/A              10.207 28

                      12/31/2010              10.207              11.013 770

                      12/31/2011              11.013              10.603 1155

VISL 3   2.35%

                      12/31/2009              N/A              10.199 1

                      12/31/2010              10.199              10.961 40

                      12/31/2011              10.961              10.510 55

VISL 4   2.65%

                      12/31/2009              N/A              10.193 0

                      12/31/2010              10.193              10.922 4

                      12/31/2011              10.922              10.442 5

VISL 5   2.50%

                      12/31/2009              N/A              10.196 4

                      12/31/2010              10.196              10.941 14

                      12/31/2011              10.941              10.476 38

VISL 6   2.80%

                      12/31/2009              N/A              10.190 4

                      12/31/2010              10.190              10.902 4

                      12/31/2011              10.902              10.407 27

VISL 7   2.45%

                      12/31/2009              N/A              10.197 130

                      12/31/2010              10.197              10.948 150

                      12/31/2011              10.948              10.487 157

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

43

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 8   2.75%

                      12/31/2009              N/A              10.191 5

                      12/31/2010              10.191              10.909 38

                      12/31/2011              10.909              10.419 128

VISL 9   2.60%

                      12/31/2009              N/A              10.194 0

                      12/31/2010              10.194              10.928 44

                      12/31/2011              10.928              10.453 83

AZL Fusion Balanced Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.025 322

                      12/31/2008              12.025              8.577 517

                      12/31/2009              8.577              10.685 666

                      12/31/2010              10.685              11.668 2973

                      12/31/2011              11.668              11.368 3479

VISB 10   2.95%

                      12/31/2007              N/A              11.629 0

                      12/31/2008              11.629              8.192 39

                      12/31/2009              8.192              10.078 323

                      12/31/2010              10.078              10.869 365

                      12/31/2011              10.869              10.458 268

VISB 11   2.10%

                      12/31/2008              N/A              8.452 264

                      12/31/2009              8.452              10.487 700

                      12/31/2010              10.487              11.406 973

                      12/31/2011              11.406              11.069 1272

VISB 13   3.10%

                      12/31/2009              N/A              10.008 29

                      12/31/2010              10.008              10.777 39

                      12/31/2011              10.777              10.354 24

VISB 14   2.25%

                      12/31/2009              N/A              10.414 112

                      12/31/2010              10.414              11.309 159

                      12/31/2011              11.309              10.958 171

VISB 2   2.00%

                      12/31/2007              N/A              11.929 87

                      12/31/2008              11.929              8.483 109

                      12/31/2009              8.483              10.536 329

                      12/31/2010              10.536              11.471 723

                      12/31/2011              11.471              11.143 792

VISB 3   2.40%

                      12/31/2007              N/A              11.802 0

                      12/31/2008              11.802              8.359 391

                      12/31/2009              8.359              10.341 645

                      12/31/2010              10.341              11.213 747

                      12/31/2011              11.213              10.849 672

VISB 4   2.70%

                      12/31/2007              N/A              11.707 0

                      12/31/2008              11.707              8.267 76

                      12/31/2009              8.267              10.197 147

                      12/31/2010              10.197              11.024 151

                      12/31/2011              11.024              10.634 118

VISB 5   2.55%

                      12/31/2007              N/A              11.754 0

                      12/31/2008              11.754              8.313 79

                      12/31/2009              8.313              10.269 239

                      12/31/2010              10.269              11.118 348

                      12/31/2011              11.118              10.741 350

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 6   2.85%

                      12/31/2007              N/A              11.660 0

                      12/31/2008              11.660              8.222 14

                      12/31/2009              8.222              10.125 59

                      12/31/2010              10.125              10.930 56

                      12/31/2011              10.930              10.528 61

VISB 7   2.50%

                      12/31/2007              N/A              11.770 0

                      12/31/2008              11.770              8.328 473

                      12/31/2009              8.328              10.293 662

                      12/31/2010              10.293              11.150 583

                      12/31/2011              11.150              10.777 608

VISB 8   2.80%

                      12/31/2007              N/A              11.676 0

                      12/31/2008              11.676              8.237 48

                      12/31/2009              8.237              10.149 425

                      12/31/2010              10.149              10.961 581

                      12/31/2011              10.961              10.563 563

VISB 9   2.65%

                      12/31/2007              N/A              11.723 0

                      12/31/2008              11.723              8.283 433

                      12/31/2009              8.283              10.221 1105

                      12/31/2010              10.221              11.055 1148

                      12/31/2011              11.055              10.670 1062

VISC 1   2.45%

                      12/31/2008              N/A              8.344 18

                      12/31/2009              8.344              10.317 30

                      12/31/2010              10.317              11.181 29

                      12/31/2011              11.181              10.813 37

VISC 10   3.00%

                      12/31/2008              N/A              8.177 10

                      12/31/2009              8.177              10.056 26

                      12/31/2010              10.056              10.839 26

                      12/31/2011              10.839              10.424 26

VISC 11   2.30%

                      12/31/2009              N/A              10.389 9

                      12/31/2010              10.389              11.277 10

                      12/31/2011              11.277              10.922 10

VISC 12   3.15%

                      12/31/2009              N/A              9.985 0

                      12/31/2010              9.985              10.746 9

                      12/31/2011              10.746              10.320 6

VISC 13   1.75%

                      12/31/2009              N/A              10.660 26

                      12/31/2010              10.660              11.635 309

                      12/31/2011              11.635              11.330 351

VISC 14   2.05%

                      12/31/2009              N/A              10.512 0

                      12/31/2010              10.512              11.439 0

                      12/31/2011              11.439              11.106 0

VISC 2   2.75%

                      12/31/2008              N/A              8.252 3

                      12/31/2009              8.252              10.173 3

                      12/31/2010              10.173              10.993 5

                      12/31/2011              10.993              10.599 5

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

44

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 3   2.60%

                      12/31/2008              N/A              8.298 3

                      12/31/2009              8.298              10.245 8

                      12/31/2010              10.245              11.087 9

                      12/31/2011              11.087              10.705 12

VISC 4   2.90%

                      12/31/2008              N/A              8.207 0

                      12/31/2009              8.207              10.102 0

                      12/31/2010              10.102              10.899 0

                      12/31/2011              10.899              10.493 0

VISC 5   2.15%

                      12/31/2008              N/A              8.437 81

                      12/31/2009              8.437              10.463 120

                      12/31/2010              10.463              11.374 215

                      12/31/2011              11.374              11.032 246

VISC 7   2.55%

                      12/31/2008              N/A              8.313 26

                      12/31/2009              8.313              10.269 67

                      12/31/2010              10.269              11.118 66

                      12/31/2011              11.118              10.741 60

VISC 8   2.85%

                      12/31/2008              N/A              8.222 7

                      12/31/2009              8.222              10.125 72

                      12/31/2010              10.125              10.930 76

                      12/31/2011              10.930              10.528 71

VISC 9   2.70%

                      12/31/2008              N/A              8.267 33

                      12/31/2009              8.267              10.197 185

                      12/31/2010              10.197              11.024 175

                      12/31/2011              11.024              10.634 176

VISI 1   1.40%

                      12/31/2007              N/A              12.121 0

                      12/31/2008              12.121              8.672 0

                      12/31/2009              8.672              10.836 0

                      12/31/2010              10.836              11.868 0

                      12/31/2011              11.868              11.598 0

VISI 10   2.65%

                      12/31/2007              N/A              11.723 0

                      12/31/2008              11.723              8.283 72

                      12/31/2009              8.283              10.221 403

                      12/31/2010              10.221              11.055 376

                      12/31/2011              11.055              10.670 344

VISI 11   1.80%

                      12/31/2008              N/A              8.546 1350

                      12/31/2009              8.546              10.635 2498

                      12/31/2010              10.635              11.602 2833

                      12/31/2011              11.602              11.293 2890

VISI 13   1.95%

                      12/31/2009              N/A              10.561 1047

                      12/31/2010              10.561              11.503 1106

                      12/31/2011              11.503              11.180 1242

VISI 14   2.80%

                      12/31/2009              N/A              10.149 135

                      12/31/2010              10.149              10.961 134

                      12/31/2011              10.961              10.563 118

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 2   1.70%

                      12/31/2007              N/A              12.025 78

                      12/31/2008              12.025              8.577 203

                      12/31/2009              8.577              10.685 552

                      12/31/2010              10.685              11.668 1755

                      12/31/2011              11.668              11.368 2046

VISI 3   2.10%

                      12/31/2007              N/A              11.897 0

                      12/31/2008              11.897              8.452 809

                      12/31/2009              8.452              10.487 1517

                      12/31/2010              10.487              11.406 1626

                      12/31/2011              11.406              11.069 1595

VISI 4   2.40%

                      12/31/2007              N/A              11.802 0

                      12/31/2008              11.802              8.359 146

                      12/31/2009              8.359              10.341 246

                      12/31/2010              10.341              11.213 241

                      12/31/2011              11.213              10.849 256

VISI 5   2.25%

                      12/31/2007              N/A              11.849 0

                      12/31/2008              11.849              8.405 443

                      12/31/2009              8.405              10.414 1030

                      12/31/2010              10.414              11.309 945

                      12/31/2011              11.309              10.958 936

VISI 6   2.55%

                      12/31/2007              N/A              11.754 0

                      12/31/2008              11.754              8.313 2

                      12/31/2009              8.313              10.269 44

                      12/31/2010              10.269              11.118 49

                      12/31/2011              11.118              10.741 53

VISI 7   2.20%

                      12/31/2007              N/A              11.865 0

                      12/31/2008              11.865              8.421 706

                      12/31/2009              8.421              10.438 1254

                      12/31/2010              10.438              11.341 1173

                      12/31/2011              11.341              10.995 1064

VISI 8   2.50%

                      12/31/2007              N/A              11.770 0

                      12/31/2008              11.770              8.328 341

                      12/31/2009              8.328              10.293 1882

                      12/31/2010              10.293              11.150 2043

                      12/31/2011              11.150              10.777 1972

VISI 9   2.35%

                      12/31/2007              N/A              11.817 0

                      12/31/2008              11.817              8.374 740

                      12/31/2009              8.374              10.365 2779

                      12/31/2010              10.365              11.245 2801

                      12/31/2011              11.245              10.886 2847

VISL 1   1.65%

                      12/31/2007              N/A              12.041 87

                      12/31/2008              12.041              8.593 127

                      12/31/2009              8.593              10.710 491

                      12/31/2010              10.710              11.701 3397

                      12/31/2011              11.701              11.406 4374

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

45

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 10   2.90%

                      12/31/2007              N/A              11.645 0

                      12/31/2008              11.645              8.207 28

                      12/31/2009              8.207              10.102 302

                      12/31/2010              10.102              10.899 277

                      12/31/2011              10.899              10.493 271

VISL 11   2.05%

                      12/31/2008              N/A              8.468 598

                      12/31/2009              8.468              10.512 1247

                      12/31/2010              10.512              11.439 1389

                      12/31/2011              11.439              11.106 1475

VISL 13   3.05%

                      12/31/2009              N/A              10.031 155

                      12/31/2010              10.031              10.807 198

                      12/31/2011              10.807              10.389 201

VISL 14   2.20%

                      12/31/2009              N/A              10.438 571

                      12/31/2010              10.438              11.341 608

                      12/31/2011              11.341              10.995 578

VISL 2   1.95%

                      12/31/2007              N/A              11.944 41

                      12/31/2008              11.944              8.499 108

                      12/31/2009              8.499              10.561 313

                      12/31/2010              10.561              11.503 1047

                      12/31/2011              11.503              11.180 1200

VISL 3   2.35%

                      12/31/2007              N/A              11.817 0

                      12/31/2008              11.817              8.374 313

                      12/31/2009              8.374              10.365 618

                      12/31/2010              10.365              11.245 716

                      12/31/2011              11.245              10.886 741

VISL 4   2.65%

                      12/31/2007              N/A              11.723 0

                      12/31/2008              11.723              8.283 109

                      12/31/2009              8.283              10.221 112

                      12/31/2010              10.221              11.055 110

                      12/31/2011              11.055              10.670 112

VISL 5   2.50%

                      12/31/2007              N/A              11.770 0

                      12/31/2008              11.770              8.328 294

                      12/31/2009              8.328              10.293 507

                      12/31/2010              10.293              11.150 359

                      12/31/2011              11.150              10.777 351

VISL 6   2.80%

                      12/31/2007              N/A              11.676 0

                      12/31/2008              11.676              8.237 41

                      12/31/2009              8.237              10.149 56

                      12/31/2010              10.149              10.961 62

                      12/31/2011              10.961              10.563 45

VISL 7   2.45%

                      12/31/2007              N/A              11.786 0

                      12/31/2008              11.786              8.344 526

                      12/31/2009              8.344              10.317 662

                      12/31/2010              10.317              11.181 583

                      12/31/2011              11.181              10.813 542

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 8   2.75%

                      12/31/2007              N/A              11.692 0

                      12/31/2008              11.692              8.252 61

                      12/31/2009              8.252              10.173 919

                      12/31/2010              10.173              10.993 1012

                      12/31/2011              10.993              10.599 1112

VISL 9   2.60%

                      12/31/2007              N/A              11.739 0

                      12/31/2008              11.739              8.298 420

                      12/31/2009              8.298              10.245 1631

                      12/31/2010              10.245              11.087 1697

                      12/31/2011              11.087              10.705 1541

AZL Fusion Conservative Fund

VISB 1   1.70%

                      12/31/2009              N/A              10.148 6

                      12/31/2010              10.148              11.071 482

                      12/31/2011              11.071              10.955 902

VISB 10   2.95%

                      12/31/2009              N/A              10.124 0

                      12/31/2010              10.124              10.907 16

                      12/31/2011              10.907              10.659 0

VISB 11   2.10%

                      12/31/2009              N/A              10.140 0

                      12/31/2010              10.140              11.018 13

                      12/31/2011              11.018              10.859 26

VISB 13   3.10%

                      12/31/2009              N/A              10.121 0

                      12/31/2010              10.121              10.888 0

                      12/31/2011              10.888              10.624 0

VISB 14   2.25%

                      12/31/2009              N/A              10.137 2

                      12/31/2010              10.137              10.999 2

                      12/31/2011              10.999              10.824 22

VISB 2   2.00%

                      12/31/2009              N/A              10.142 2

                      12/31/2010              10.142              11.031 169

                      12/31/2011              11.031              10.883 213

VISB 3   2.40%

                      12/31/2009              N/A              10.134 0

                      12/31/2010              10.134              10.979 56

                      12/31/2011              10.979              10.788 11

VISB 4   2.70%

                      12/31/2009              N/A              10.129 0

                      12/31/2010              10.129              10.940 3

                      12/31/2011              10.940              10.717 0

VISB 5   2.55%

                      12/31/2009              N/A              10.131 0

                      12/31/2010              10.131              10.959 7

                      12/31/2011              10.959              10.753 29

VISB 6   2.85%

                      12/31/2009              N/A              10.126 0

                      12/31/2010              10.126              10.920 9

                      12/31/2011              10.920              10.682 2

VISB 7   2.50%

                      12/31/2009              N/A              10.132 0

                      12/31/2010              10.132              10.966 69

                      12/31/2011              10.966              10.764 86

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

46

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2009              N/A              10.127 0

                      12/31/2010              10.127              10.927 44

                      12/31/2011              10.927              10.694 41

VISB 9   2.65%

                      12/31/2009              N/A              10.130 0

                      12/31/2010              10.130              10.946 28

                      12/31/2011              10.946              10.729 63

VISC 1   2.45%

                      12/31/2009              N/A              10.133 0

                      12/31/2010              10.133              10.972 6

                      12/31/2011              10.972              10.776 2

VISC 10   3.00%

                      12/31/2009              N/A              10.123 0

                      12/31/2010              10.123              10.901 0

                      12/31/2011              10.901              10.647 21

VISC 11   2.30%

                      12/31/2009              N/A              10.136 0

                      12/31/2010              10.136              10.992 0

                      12/31/2011              10.992              10.812 0

VISC 12   3.15%

                      12/31/2009              N/A              10.120 0

                      12/31/2010              10.120              10.881 0

                      12/31/2011              10.881              10.612 0

VISC 13   1.75%

                      12/31/2009              N/A              10.147 17

                      12/31/2010              10.147              11.064 101

                      12/31/2011              11.064              10.943 188

VISC 14   2.05%

                      12/31/2009              N/A              10.141 0

                      12/31/2010              10.141              11.025 0

                      12/31/2011              11.025              10.871 0

VISC 2   2.75%

                      12/31/2009              N/A              10.128 0

                      12/31/2010              10.128              10.933 0

                      12/31/2011              10.933              10.706 0

VISC 3   2.60%

                      12/31/2009              N/A              10.130 0

                      12/31/2010              10.130              10.953 39

                      12/31/2011              10.953              10.741 42

VISC 4   2.90%

                      12/31/2009              N/A              10.125 0

                      12/31/2010              10.125              10.914 0

                      12/31/2011              10.914              10.671 0

VISC 5   2.15%

                      12/31/2009              N/A              10.139 0

                      12/31/2010              10.139              11.012 1

                      12/31/2011              11.012              10.847 2

VISC 7   2.55%

                      12/31/2009              N/A              10.131 0

                      12/31/2010              10.131              10.959 0

                      12/31/2011              10.959              10.753 8

VISC 8   2.85%

                      12/31/2009              N/A              10.126 0

                      12/31/2010              10.126              10.920 28

                      12/31/2011              10.920              10.682 38

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 9   2.70%

                      12/31/2009              N/A              10.129 0

                      12/31/2010              10.129              10.940 0

                      12/31/2011              10.940              10.717 134

VISI 1   1.40%

                      12/31/2009              N/A              10.154 0

                      12/31/2010              10.154              11.111 0

                      12/31/2011              11.111              11.027 0

VISI 10   2.65%

                      12/31/2009              N/A              10.130 13

                      12/31/2010              10.130              10.946 50

                      12/31/2011              10.946              10.729 125

VISI 11   1.80%

                      12/31/2009              N/A              10.146 4

                      12/31/2010              10.146              11.058 15

                      12/31/2011              11.058              10.931 50

VISI 13   1.95%

                      12/31/2009              N/A              10.143 0

                      12/31/2010              10.143              11.038 10

                      12/31/2011              11.038              10.895 14

VISI 14   2.80%

                      12/31/2009              N/A              10.127 0

                      12/31/2010              10.127              10.927 0

                      12/31/2011              10.927              10.694 8

VISI 2   1.70%

                      12/31/2009              N/A              10.148 29

                      12/31/2010              10.148              11.071 620

                      12/31/2011              11.071              10.955 813

VISI 3   2.10%

                      12/31/2009              N/A              10.140 8

                      12/31/2010              10.140              11.018 23

                      12/31/2011              11.018              10.859 52

VISI 4   2.40%

                      12/31/2009              N/A              10.134 5

                      12/31/2010              10.134              10.979 10

                      12/31/2011              10.979              10.788 5

VISI 5   2.25%

                      12/31/2009              N/A              10.137 1

                      12/31/2010              10.137              10.999 56

                      12/31/2011              10.999              10.824 70

VISI 6   2.55%

                      12/31/2009              N/A              10.131 0

                      12/31/2010              10.131              10.959 0

                      12/31/2011              10.959              10.753 15

VISI 7   2.20%

                      12/31/2009              N/A              10.138 12

                      12/31/2010              10.138              11.005 114

                      12/31/2011              11.005              10.835 156

VISI 8   2.50%

                      12/31/2009              N/A              10.132 31

                      12/31/2010              10.132              10.966 157

                      12/31/2011              10.966              10.764 161

VISI 9   2.35%

                      12/31/2009              N/A              10.135 9

                      12/31/2010              10.135              10.985 85

                      12/31/2011              10.985              10.800 196

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

47

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 1   1.65%

                      12/31/2009              N/A              10.149 27

                      12/31/2010              10.149              11.077 1209

                      12/31/2011              11.077              10.967 1901

VISL 10   2.90%

                      12/31/2009              N/A              10.125 0

                      12/31/2010              10.125              10.914 2

                      12/31/2011              10.914              10.671 117

VISL 11   2.05%

                      12/31/2009              N/A              10.141 0

                      12/31/2010              10.141              11.025 10

                      12/31/2011              11.025              10.871 76

VISL 13   3.05%

                      12/31/2009              N/A              10.122 0

                      12/31/2010              10.122              10.894 1

                      12/31/2011              10.894              10.636 0

VISL 14   2.20%

                      12/31/2009              N/A              10.138 0

                      12/31/2010              10.138              11.005 17

                      12/31/2011              11.005              10.835 15

VISL 2   1.95%

                      12/31/2009              N/A              10.143 79

                      12/31/2010              10.143              11.038 283

                      12/31/2011              11.038              10.895 368

VISL 3   2.35%

                      12/31/2009              N/A              10.135 0

                      12/31/2010              10.135              10.985 57

                      12/31/2011              10.985              10.800 135

VISL 4   2.65%

                      12/31/2009              N/A              10.130 0

                      12/31/2010              10.130              10.946 3

                      12/31/2011              10.946              10.729 19

VISL 5   2.50%

                      12/31/2009              N/A              10.132 3

                      12/31/2010              10.132              10.966 46

                      12/31/2011              10.966              10.764 66

VISL 6   2.80%

                      12/31/2009              N/A              10.127 0

                      12/31/2010              10.127              10.927 0

                      12/31/2011              10.927              10.694 0

VISL 7   2.45%

                      12/31/2009              N/A              10.133 3

                      12/31/2010              10.133              10.972 62

                      12/31/2011              10.972              10.776 86

VISL 8   2.75%

                      12/31/2009              N/A              10.128 97

                      12/31/2010              10.128              10.933 136

                      12/31/2011              10.933              10.706 124

VISL 9   2.60%

                      12/31/2009              N/A              10.130 1

                      12/31/2010              10.130              10.953 6

                      12/31/2011              10.953              10.741 203

AZL Fusion Growth Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.711 1918

                      12/31/2008              12.711              7.630 2599

                      12/31/2009              7.630              9.917 351

                      12/31/2010              9.917              11.008 165

                      12/31/2011              11.008              10.343 202

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              12.293 0

                      12/31/2008              12.293              7.287 117

                      12/31/2009              7.287              9.354 192

                      12/31/2010              9.354              10.254 140

                      12/31/2011              10.254              9.515 135

VISB 11   2.10%

                      12/31/2008              N/A              7.519 172

                      12/31/2009              7.519              9.733 183

                      12/31/2010              9.733              10.761 177

                      12/31/2011              10.761              10.071 169

VISB 13   3.10%

                      12/31/2009              N/A              9.289 1

                      12/31/2010              9.289              10.167 0

                      12/31/2011              10.167              9.421 0

VISB 14   2.25%

                      12/31/2009              N/A              9.665 24

                      12/31/2010              9.665              10.669 30

                      12/31/2011              10.669              9.971 26

VISB 2   2.00%

                      12/31/2007              N/A              12.609 485

                      12/31/2008              12.609              7.547 581

                      12/31/2009              7.547              9.779 132

                      12/31/2010              9.779              10.822 187

                      12/31/2011              10.822              10.138 219

VISB 3   2.40%

                      12/31/2007              N/A              12.475 0

                      12/31/2008              12.475              7.436 711

                      12/31/2009              7.436              9.597 2054

                      12/31/2010              9.597              10.579 2006

                      12/31/2011              10.579              9.871 1877

VISB 4   2.70%

                      12/31/2007              N/A              12.375 0

                      12/31/2008              12.375              7.355 150

                      12/31/2009              7.355              9.464 370

                      12/31/2010              9.464              10.400 357

                      12/31/2011              10.400              9.676 349

VISB 5   2.55%

                      12/31/2007              N/A              12.425 0

                      12/31/2008              12.425              7.395 252

                      12/31/2009              7.395              9.530 998

                      12/31/2010              9.530              10.489 1023

                      12/31/2011              10.489              9.773 952

VISB 6   2.85%

                      12/31/2007              N/A              12.326 0

                      12/31/2008              12.326              7.314 24

                      12/31/2009              7.314              9.398 230

                      12/31/2010              9.398              10.312 225

                      12/31/2011              10.312              9.579 211

VISB 7   2.50%

                      12/31/2007              N/A              12.442 0

                      12/31/2008              12.442              7.409 1135

                      12/31/2009              7.409              9.553 1753

                      12/31/2010              9.553              10.519 1735

                      12/31/2011              10.519              9.806 1653

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

48

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              12.342 0

                      12/31/2008              12.342              7.328 232

                      12/31/2009              7.328              9.420 351

                      12/31/2010              9.420              10.341 341

                      12/31/2011              10.341              9.611 288

VISB 9   2.65%

                      12/31/2007              N/A              12.392 0

                      12/31/2008              12.392              7.368 926

                      12/31/2009              7.368              9.486 1395

                      12/31/2010              9.486              10.430 1264

                      12/31/2011              10.430              9.708 1284

VISC 1   2.45%

                      12/31/2008              N/A              7.423 8

                      12/31/2009              7.423              9.575 8

                      12/31/2010              9.575              10.549 7

                      12/31/2011              10.549              9.838 11

VISC 10   3.00%

                      12/31/2008              N/A              7.275 5

                      12/31/2009              7.275              9.333 11

                      12/31/2010              9.333              10.226 5

                      12/31/2011              10.226              9.485 5

VISC 11   2.30%

                      12/31/2009              N/A              9.642 0

                      12/31/2010              9.642              10.639 0

                      12/31/2011              10.639              9.937 0

VISC 12   3.15%

                      12/31/2009              N/A              9.267 0

                      12/31/2010              9.267              10.138 0

                      12/31/2011              10.138              9.390 0

VISC 13   1.75%

                      12/31/2009              N/A              9.894 0

                      12/31/2010              9.894              10.977 5

                      12/31/2011              10.977              10.309 6

VISC 14   2.05%

                      12/31/2009              N/A              9.756 0

                      12/31/2010              9.756              10.792 0

                      12/31/2011              10.792              10.105 0

VISC 2   2.75%

                      12/31/2008              N/A              7.341 0

                      12/31/2009              7.341              9.442 0

                      12/31/2010              9.442              10.371 0

                      12/31/2011              10.371              9.643 0

VISC 3   2.60%

                      12/31/2008              N/A              7.382 19

                      12/31/2009              7.382              9.508 20

                      12/31/2010              9.508              10.459 30

                      12/31/2011              10.459              9.740 30

VISC 4   2.90%

                      12/31/2008              N/A              7.301 0

                      12/31/2009              7.301              9.376 0

                      12/31/2010              9.376              10.283 0

                      12/31/2011              10.283              9.547 0

VISC 5   2.15%

                      12/31/2008              N/A              7.505 4

                      12/31/2009              7.505              9.711 4

                      12/31/2010              9.711              10.731 4

                      12/31/2011              10.731              10.038 3

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              7.395 13

                      12/31/2009              7.395              9.530 21

                      12/31/2010              9.530              10.489 21

                      12/31/2011              10.489              9.773 65

VISC 8   2.85%

                      12/31/2008              N/A              7.314 1

                      12/31/2009              7.314              9.398 2

                      12/31/2010              9.398              10.312 1

                      12/31/2011              10.312              9.579 1

VISC 9   2.70%

                      12/31/2008              N/A              7.355 23

                      12/31/2009              7.355              9.464 18

                      12/31/2010              9.464              10.400 27

                      12/31/2011              10.400              9.676 34

VISI 1   1.40%

                      12/31/2007              N/A              12.813 0

                      12/31/2008              12.813              7.715 0

                      12/31/2009              7.715              10.057 0

                      12/31/2010              10.057              11.197 0

                      12/31/2011              11.197              10.553 0

VISI 10   2.65%

                      12/31/2007              N/A              12.392 0

                      12/31/2008              12.392              7.368 216

                      12/31/2009              7.368              9.486 420

                      12/31/2010              9.486              10.430 382

                      12/31/2011              10.430              9.708 380

VISI 11   1.80%

                      12/31/2008              N/A              7.602 445

                      12/31/2009              7.602              9.871 799

                      12/31/2010              9.871              10.946 786

                      12/31/2011              10.946              10.275 710

VISI 13   1.95%

                      12/31/2009              N/A              9.802 283

                      12/31/2010              9.802              10.853 258

                      12/31/2011              10.853              10.172 232

VISI 14   2.80%

                      12/31/2009              N/A              9.420 17

                      12/31/2010              9.420              10.341 0

                      12/31/2011              10.341              9.611 0

VISI 2   1.70%

                      12/31/2007              N/A              12.711 477

                      12/31/2008              12.711              7.630 556

                      12/31/2009              7.630              9.917 283

                      12/31/2010              9.917              11.008 385

                      12/31/2011              11.008              10.343 382

VISI 3   2.10%

                      12/31/2007              N/A              12.575 0

                      12/31/2008              12.575              7.519 1022

                      12/31/2009              7.519              9.733 1862

                      12/31/2010              9.733              10.761 1940

                      12/31/2011              10.761              10.071 1842

VISI 4   2.40%

                      12/31/2007              N/A              12.475 0

                      12/31/2008              12.475              7.436 121

                      12/31/2009              7.436              9.597 350

                      12/31/2010              9.597              10.579 323

                      12/31/2011              10.579              9.871 301

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

49

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              12.525 0

                      12/31/2008              12.525              7.477 525

                      12/31/2009              7.477              9.665 1263

                      12/31/2010              9.665              10.669 1248

                      12/31/2011              10.669              9.971 1256

VISI 6   2.55%

                      12/31/2007              N/A              12.425 0

                      12/31/2008              12.425              7.395 135

                      12/31/2009              7.395              9.530 171

                      12/31/2010              9.530              10.489 164

                      12/31/2011              10.489              9.773 155

VISI 7   2.20%

                      12/31/2007              N/A              12.542 0

                      12/31/2008              12.542              7.491 1884

                      12/31/2009              7.491              9.688 2644

                      12/31/2010              9.688              10.700 2742

                      12/31/2011              10.700              10.004 2530

VISI 8   2.50%

                      12/31/2007              N/A              12.442 0

                      12/31/2008              12.442              7.409 263

                      12/31/2009              7.409              9.553 448

                      12/31/2010              9.553              10.519 334

                      12/31/2011              10.519              9.806 340

VISI 9   2.35%

                      12/31/2007              N/A              12.492 0

                      12/31/2008              12.492              7.450 2244

                      12/31/2009              7.450              9.620 3102

                      12/31/2010              9.620              10.609 2836

                      12/31/2011              10.609              9.904 2716

VISL 1   1.65%

                      12/31/2007              N/A              12.728 982

                      12/31/2008              12.728              7.644 1126

                      12/31/2009              7.644              9.940 101

                      12/31/2010              9.940              11.039 158

                      12/31/2011              11.039              10.378 162

VISL 10   2.90%

                      12/31/2007              N/A              12.309 0

                      12/31/2008              12.309              7.301 92

                      12/31/2009              7.301              9.376 181

                      12/31/2010              9.376              10.283 163

                      12/31/2011              10.283              9.547 177

VISL 11   2.05%

                      12/31/2008              N/A              7.533 100

                      12/31/2009              7.533              9.756 262

                      12/31/2010              9.756              10.792 307

                      12/31/2011              10.792              10.105 275

VISL 13   3.05%

                      12/31/2009              N/A              9.310 8

                      12/31/2010              9.310              10.196 0

                      12/31/2011              10.196              9.452 0

VISL 14   2.20%

                      12/31/2009              N/A              9.688 62

                      12/31/2010              9.688              10.700 59

                      12/31/2011              10.700              10.004 58

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              12.626 179

                      12/31/2008              12.626              7.560 499

                      12/31/2009              7.560              9.802 353

                      12/31/2010              9.802              10.853 300

                      12/31/2011              10.853              10.172 299

VISL 3   2.35%

                      12/31/2007              N/A              12.492 0

                      12/31/2008              12.492              7.450 593

                      12/31/2009              7.450              9.620 1404

                      12/31/2010              9.620              10.609 1397

                      12/31/2011              10.609              9.904 1271

VISL 4   2.65%

                      12/31/2007              N/A              12.392 0

                      12/31/2008              12.392              7.368 55

                      12/31/2009              7.368              9.486 202

                      12/31/2010              9.486              10.430 203

                      12/31/2011              10.430              9.708 191

VISL 5   2.50%

                      12/31/2007              N/A              12.442 0

                      12/31/2008              12.442              7.409 192

                      12/31/2009              7.409              9.553 723

                      12/31/2010              9.553              10.519 797

                      12/31/2011              10.519              9.806 743

VISL 6   2.80%

                      12/31/2007              N/A              12.342 0

                      12/31/2008              12.342              7.328 44

                      12/31/2009              7.328              9.420 125

                      12/31/2010              9.420              10.341 128

                      12/31/2011              10.341              9.611 95

VISL 7   2.45%

                      12/31/2007              N/A              12.458 0

                      12/31/2008              12.458              7.423 750

                      12/31/2009              7.423              9.575 900

                      12/31/2010              9.575              10.549 876

                      12/31/2011              10.549              9.838 819

VISL 8   2.75%

                      12/31/2007              N/A              12.359 0

                      12/31/2008              12.359              7.341 138

                      12/31/2009              7.341              9.442 370

                      12/31/2010              9.442              10.371 247

                      12/31/2011              10.371              9.643 248

VISL 9   2.60%

                      12/31/2007              N/A              12.408 0

                      12/31/2008              12.408              7.382 617

                      12/31/2009              7.382              9.508 984

                      12/31/2010              9.508              10.459 756

                      12/31/2011              10.459              9.740 791

AZL Fusion Moderate Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.297 437

                      12/31/2008              12.297              8.129 612

                      12/31/2009              8.129              10.344 1013

                      12/31/2010              10.344              11.364 4698

                      12/31/2011              11.364              10.855 5749

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

50

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              11.893 0

                      12/31/2008              11.893              7.764 78

                      12/31/2009              7.764              9.756 679

                      12/31/2010              9.756              10.585 814

                      12/31/2011              10.585              9.986 668

VISB 11   2.10%

                      12/31/2008              N/A              8.011 40

                      12/31/2009              8.011              10.152 47

                      12/31/2010              10.152              11.108 68

                      12/31/2011              11.108              10.569 74

VISB 13   3.10%

                      12/31/2009              N/A              9.688 343

                      12/31/2010              9.688              10.496 251

                      12/31/2011              10.496              9.887 253

VISB 14   2.25%

                      12/31/2009              N/A              10.081 19

                      12/31/2010              10.081              11.014 25

                      12/31/2011              11.014              10.464 21

VISB 2   2.00%

                      12/31/2007              N/A              12.199 101

                      12/31/2008              12.199              8.040 149

                      12/31/2009              8.040              10.200 555

                      12/31/2010              10.200              11.172 2033

                      12/31/2011              11.172              10.640 2248

VISB 3   2.40%

                      12/31/2007              N/A              12.069 0

                      12/31/2008              12.069              7.923 397

                      12/31/2009              7.923              10.011 849

                      12/31/2010              10.011              10.921 861

                      12/31/2011              10.921              10.360 728

VISB 4   2.70%

                      12/31/2007              N/A              11.972 0

                      12/31/2008              11.972              7.836 91

                      12/31/2009              7.836              9.871 161

                      12/31/2010              9.871              10.736 160

                      12/31/2011              10.736              10.154 138

VISB 5   2.55%

                      12/31/2007              N/A              12.020 0

                      12/31/2008              12.020              7.879 137

                      12/31/2009              7.879              9.941 364

                      12/31/2010              9.941              10.828 430

                      12/31/2011              10.828              10.257 380

VISB 6   2.85%

                      12/31/2007              N/A              11.924 0

                      12/31/2008              11.924              7.793 19

                      12/31/2009              7.793              9.802 63

                      12/31/2010              9.802              10.645 68

                      12/31/2011              10.645              10.053 54

VISB 7   2.50%

                      12/31/2007              N/A              12.037 0

                      12/31/2008              12.037              7.894 550

                      12/31/2009              7.894              9.964 810

                      12/31/2010              9.964              10.859 844

                      12/31/2011              10.859              10.291 799

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              11.940 0

                      12/31/2008              11.940              7.807 157

                      12/31/2009              7.807              9.825 1074

                      12/31/2010              9.825              10.676 1156

                      12/31/2011              10.676              10.087 1053

VISB 9   2.65%

                      12/31/2007              N/A              11.988 0

                      12/31/2008              11.988              7.850 390

                      12/31/2009              7.850              9.894 1719

                      12/31/2010              9.894              10.767 1791

                      12/31/2011              10.767              10.188 1624

VISC 1   2.45%

                      12/31/2008              N/A              7.908 4

                      12/31/2009              7.908              9.987 25

                      12/31/2010              9.987              10.890 24

                      12/31/2011              10.890              10.325 17

VISC 10   3.00%

                      12/31/2008              N/A              7.750 2

                      12/31/2009              7.750              9.734 61

                      12/31/2010              9.734              10.556 46

                      12/31/2011              10.556              9.954 21

VISC 11   2.30%

                      12/31/2009              N/A              10.057 0

                      12/31/2010              10.057              10.983 0

                      12/31/2011              10.983              10.429 0

VISC 12   3.15%

                      12/31/2009              N/A              9.666 17

                      12/31/2010              9.666              10.466 37

                      12/31/2011              10.466              9.854 21

VISC 13   1.75%

                      12/31/2009              N/A              10.320 56

                      12/31/2010              10.320              11.331 267

                      12/31/2011              11.331              10.819 302

VISC 14   2.05%

                      12/31/2009              N/A              10.176 0

                      12/31/2010              10.176              11.140 0

                      12/31/2011              11.140              10.605 0

VISC 2   2.75%

                      12/31/2008              N/A              7.821 5

                      12/31/2009              7.821              9.848 5

                      12/31/2010              9.848              10.706 5

                      12/31/2011              10.706              10.121 5

VISC 3   2.60%

                      12/31/2008              N/A              7.865 0

                      12/31/2009              7.865              9.917 3

                      12/31/2010              9.917              10.798 8

                      12/31/2011              10.798              10.222 7

VISC 4   2.90%

                      12/31/2008              N/A              7.778 0

                      12/31/2009              7.778              9.779 0

                      12/31/2010              9.779              10.615 0

                      12/31/2011              10.615              10.020 0

VISC 5   2.15%

                      12/31/2008              N/A              7.996 38

                      12/31/2009              7.996              10.129 48

                      12/31/2010              10.129              11.077 44

                      12/31/2011              11.077              10.535 36

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

51

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              7.879 27

                      12/31/2009              7.879              9.941 44

                      12/31/2010              9.941              10.828 45

                      12/31/2011              10.828              10.257 53

VISC 8   2.85%

                      12/31/2008              N/A              7.793 12

                      12/31/2009              7.793              9.802 229

                      12/31/2010              9.802              10.645 241

                      12/31/2011              10.645              10.053 201

VISC 9   2.70%

                      12/31/2008              N/A              7.836 35

                      12/31/2009              7.836              9.871 242

                      12/31/2010              9.871              10.736 240

                      12/31/2011              10.736              10.154 227

VISI 1   1.40%

                      12/31/2007              N/A              12.396 0

                      12/31/2008              12.396              8.219 0

                      12/31/2009              8.219              10.490 0

                      12/31/2010              10.490              11.559 0

                      12/31/2011              11.559              11.075 0

VISI 10   2.65%

                      12/31/2007              N/A              11.988 0

                      12/31/2008              11.988              7.850 151

                      12/31/2009              7.850              9.894 1292

                      12/31/2010              9.894              10.767 1403

                      12/31/2011              10.767              10.188 1523

VISI 11   1.80%

                      12/31/2008              N/A              8.100 191

                      12/31/2009              8.100              10.296 415

                      12/31/2010              10.296              11.300 431

                      12/31/2011              11.300              10.783 435

VISI 13   1.95%

                      12/31/2009              N/A              10.223 354

                      12/31/2010              10.223              11.203 337

                      12/31/2011              11.203              10.676 323

VISI 14   2.80%

                      12/31/2009              N/A              9.825 875

                      12/31/2010              9.825              10.676 984

                      12/31/2011              10.676              10.087 1009

VISI 2   1.70%

                      12/31/2007              N/A              12.297 191

                      12/31/2008              12.297              8.129 220

                      12/31/2009              8.129              10.344 1427

                      12/31/2010              10.344              11.364 6415

                      12/31/2011              11.364              10.855 7445

VISI 3   2.10%

                      12/31/2007              N/A              12.166 0

                      12/31/2008              12.166              8.011 818

                      12/31/2009              8.011              10.152 1549

                      12/31/2010              10.152              11.108 1628

                      12/31/2011              11.108              10.569 1627

VISI 4   2.40%

                      12/31/2007              N/A              12.069 0

                      12/31/2008              12.069              7.923 100

                      12/31/2009              7.923              10.011 156

                      12/31/2010              10.011              10.921 194

                      12/31/2011              10.921              10.360 194

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              12.117 0

                      12/31/2008              12.117              7.966 392

                      12/31/2009              7.966              10.081 862

                      12/31/2010              10.081              11.014 1012

                      12/31/2011              11.014              10.464 1053

VISI 6   2.55%

                      12/31/2007              N/A              12.020 0

                      12/31/2008              12.020              7.879 21

                      12/31/2009              7.879              9.941 124

                      12/31/2010              9.941              10.828 164

                      12/31/2011              10.828              10.257 144

VISI 7   2.20%

                      12/31/2007              N/A              12.133 0

                      12/31/2008              12.133              7.981 1201

                      12/31/2009              7.981              10.105 2120

                      12/31/2010              10.105              11.046 2147

                      12/31/2011              11.046              10.499 2041

VISI 8   2.50%

                      12/31/2007              N/A              12.037 0

                      12/31/2008              12.037              7.894 226

                      12/31/2009              7.894              9.964 5677

                      12/31/2010              9.964              10.859 6042

                      12/31/2011              10.859              10.291 6045

VISI 9   2.35%

                      12/31/2007              N/A              12.085 0

                      12/31/2008              12.085              7.937 1033

                      12/31/2009              7.937              10.034 7060

                      12/31/2010              10.034              10.952 7290

                      12/31/2011              10.952              10.394 7199

VISL 1   1.65%

                      12/31/2007              N/A              12.313 463

                      12/31/2008              12.313              8.144 680

                      12/31/2009              8.144              10.368 1908

                      12/31/2010              10.368              11.396 9904

                      12/31/2011              11.396              10.892 13074

VISL 10   2.90%

                      12/31/2007              N/A              11.908 0

                      12/31/2008              11.908              7.778 62

                      12/31/2009              7.778              9.779 1160

                      12/31/2010              9.779              10.615 1359

                      12/31/2011              10.615              10.020 1218

VISL 11   2.05%

                      12/31/2008              N/A              8.026 23

                      12/31/2009              8.026              10.176 108

                      12/31/2010              10.176              11.140 121

                      12/31/2011              11.140              10.605 96

VISL 13   3.05%

                      12/31/2009              N/A              9.711 647

                      12/31/2010              9.711              10.526 676

                      12/31/2011              10.526              9.920 634

VISL 14   2.20%

                      12/31/2009              N/A              10.105 158

                      12/31/2010              10.105              11.046 167

                      12/31/2011              11.046              10.499 149

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

52

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              12.215 61

                      12/31/2008              12.215              8.055 96

                      12/31/2009              8.055              10.223 717

                      12/31/2010              10.223              11.203 3509

                      12/31/2011              11.203              10.676 4206

VISL 3   2.35%

                      12/31/2007              N/A              12.085 0

                      12/31/2008              12.085              7.937 307

                      12/31/2009              7.937              10.034 803

                      12/31/2010              10.034              10.952 841

                      12/31/2011              10.952              10.394 642

VISL 4   2.65%

                      12/31/2007              N/A              11.988 0

                      12/31/2008              11.988              7.850 13

                      12/31/2009              7.850              9.894 68

                      12/31/2010              9.894              10.767 143

                      12/31/2011              10.767              10.188 110

VISL 5   2.50%

                      12/31/2007              N/A              12.037 0

                      12/31/2008              12.037              7.894 149

                      12/31/2009              7.894              9.964 352

                      12/31/2010              9.964              10.859 370

                      12/31/2011              10.859              10.291 332

VISL 6   2.80%

                      12/31/2007              N/A              11.940 0

                      12/31/2008              11.940              7.807 6

                      12/31/2009              7.807              9.825 40

                      12/31/2010              9.825              10.676 66

                      12/31/2011              10.676              10.087 68

VISL 7   2.45%

                      12/31/2007              N/A              12.053 0

                      12/31/2008              12.053              7.908 608

                      12/31/2009              7.908              9.987 827

                      12/31/2010              9.987              10.890 913

                      12/31/2011              10.890              10.325 867

VISL 8   2.75%

                      12/31/2007              N/A              11.956 0

                      12/31/2008              11.956              7.821 205

                      12/31/2009              7.821              9.848 2542

                      12/31/2010              9.848              10.706 2764

                      12/31/2011              10.706              10.121 2562

VISL 9   2.60%

                      12/31/2007              N/A              12.004 0

                      12/31/2008              12.004              7.865 473

                      12/31/2009              7.865              9.917 3821

                      12/31/2010              9.917              10.798 4082

                      12/31/2011              10.798              10.222 4054

AZL Gateway Fund

VISB 1   1.70%

                      12/31/2010              N/A              10.082 127

                      12/31/2011              10.082              10.216 210

VISB 10   2.95%

                      12/31/2010              N/A              9.997 0

                      12/31/2011              9.997              10.004 0

VISB 11   2.10%

                      12/31/2010              N/A              10.055 0

                      12/31/2011              10.055              10.148 1

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 13   3.10%

                      12/31/2010              N/A              9.987 0

                      12/31/2011              9.987              9.979 0

VISB 14   2.25%

                      12/31/2010              N/A              10.044 0

                      12/31/2011              10.044              10.122 0

VISB 2   2.00%

                      12/31/2010              N/A              10.061 39

                      12/31/2011              10.061              10.165 54

VISB 3   2.40%

                      12/31/2010              N/A              10.034 10

                      12/31/2011              10.034              10.097 14

VISB 4   2.70%

                      12/31/2010              N/A              10.014 3

                      12/31/2011              10.014              10.046 3

VISB 5   2.55%

                      12/31/2010              N/A              10.024 0

                      12/31/2011              10.024              10.071 2

VISB 6   2.85%

                      12/31/2010              N/A              10.004 20

                      12/31/2011              10.004              10.021 20

VISB 7   2.50%

                      12/31/2010              N/A              10.028 0

                      12/31/2011              10.028              10.080 2

VISB 8   2.80%

                      12/31/2010              N/A              10.007 1

                      12/31/2011              10.007              10.029 13

VISB 9   2.65%

                      12/31/2010              N/A              10.017 4

                      12/31/2011              10.017              10.055 17

VISC 1   2.45%

                      12/31/2010              N/A              10.031 0

                      12/31/2011              10.031              10.088 3

VISC 10   3.00%

                      12/31/2010              N/A              9.994 0

                      12/31/2011              9.994              9.996 3

VISC 11   2.30%

                      12/31/2010              N/A              10.041 0

                      12/31/2011              10.041              10.114 1

VISC 12   3.15%

                      12/31/2010              N/A              9.984 0

                      12/31/2011              9.984              9.971 2

VISC 13   1.75%

                      12/31/2010              N/A              10.078 10

                      12/31/2011              10.078              10.207 21

VISC 14   2.05%

                      12/31/2010              N/A              10.058 0

                      12/31/2011              10.058              10.156 0

VISC 2   2.75%

                      12/31/2010              N/A              10.011 0

                      12/31/2011              10.011              10.038 0

VISC 3   2.60%

                      12/31/2010              N/A              10.021 0

                      12/31/2011              10.021              10.063 22

VISC 4   2.90%

                      12/31/2010              N/A              10.001 0

                      12/31/2011              10.001              10.013 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

53

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 5   2.15%

                      12/31/2010              N/A              10.051 0

                      12/31/2011              10.051              10.139 0

VISC 7   2.55%

                      12/31/2010              N/A              10.024 0

                      12/31/2011              10.024              10.071 2

VISC 8   2.85%

                      12/31/2010              N/A              10.004 0

                      12/31/2011              10.004              10.021 0

VISC 9   2.70%

                      12/31/2010              N/A              10.014 0

                      12/31/2011              10.014              10.046 0

VISI 1   1.40%

                      12/31/2010              N/A              10.102 0

                      12/31/2011              10.102              10.267 0

VISI 10   2.65%

                      12/31/2010              N/A              10.017 7

                      12/31/2011              10.017              10.055 41

VISI 11   1.80%

                      12/31/2010              N/A              10.075 6

                      12/31/2011              10.075              10.199 7

VISI 13   1.95%

                      12/31/2010              N/A              10.065 0

                      12/31/2011              10.065              10.173 23

VISI 14   2.80%

                      12/31/2010              N/A              10.007 2

                      12/31/2011              10.007              10.029 2

VISI 2   1.70%

                      12/31/2010              N/A              10.082 128

                      12/31/2011              10.082              10.216 173

VISI 3   2.10%

                      12/31/2010              N/A              10.055 14

                      12/31/2011              10.055              10.148 17

VISI 4   2.40%

                      12/31/2010              N/A              10.034 0

                      12/31/2011              10.034              10.097 5

VISI 5   2.25%

                      12/31/2010              N/A              10.044 4

                      12/31/2011              10.044              10.122 14

VISI 6   2.55%

                      12/31/2010              N/A              10.024 0

                      12/31/2011              10.024              10.071 0

VISI 7   2.20%

                      12/31/2010              N/A              10.048 4

                      12/31/2011              10.048              10.131 27

VISI 8   2.50%

                      12/31/2010              N/A              10.028 8

                      12/31/2011              10.028              10.080 36

VISI 9   2.35%

                      12/31/2010              N/A              10.038 8

                      12/31/2011              10.038              10.105 37

VISL 1   1.65%

                      12/31/2010              N/A              10.085 407

                      12/31/2011              10.085              10.224 599

VISL 10   2.90%

                      12/31/2010              N/A              10.001 5

                      12/31/2011              10.001              10.013 42

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 11   2.05%

                      12/31/2010              N/A              10.058 0

                      12/31/2011              10.058              10.156 1

VISL 13   3.05%

                      12/31/2010              N/A              9.990 0

                      12/31/2011              9.990              9.988 3

VISL 14   2.20%

                      12/31/2010              N/A              10.048 0

                      12/31/2011              10.048              10.131 2

VISL 2   1.95%

                      12/31/2010              N/A              10.065 111

                      12/31/2011              10.065              10.173 156

VISL 3   2.35%

                      12/31/2010              N/A              10.038 0

                      12/31/2011              10.038              10.105 4

VISL 4   2.65%

                      12/31/2010              N/A              10.017 0

                      12/31/2011              10.017              10.055 14

VISL 5   2.50%

                      12/31/2010              N/A              10.028 3

                      12/31/2011              10.028              10.080 5

VISL 6   2.80%

                      12/31/2010              N/A              10.007 0

                      12/31/2011              10.007              10.029 4

VISL 7   2.45%

                      12/31/2010              N/A              10.031 11

                      12/31/2011              10.031              10.088 17

VISL 8   2.75%

                      12/31/2010              N/A              10.011 21

                      12/31/2011              10.011              10.038 57

VISL 9   2.60%

                      12/31/2010              N/A              10.021 10

                      12/31/2011              10.021              10.063 13

AZL Growth Index Strategy Fund

VISB 1   1.70%

                      12/31/2009              N/A              10.061 230

                      12/31/2010              10.061              11.219 1659

                      12/31/2011              11.219              11.031 2579

VISB 10   2.95%

                      12/31/2009              N/A              10.037 176

                      12/31/2010              10.037              11.053 164

                      12/31/2011              11.053              10.733 194

VISB 11   2.10%

                      12/31/2009              N/A              10.053 105

                      12/31/2010              10.053              11.165 104

                      12/31/2011              11.165              10.935 77

VISB 13   3.10%

                      12/31/2009              N/A              10.034 1

                      12/31/2010              10.034              11.033 101

                      12/31/2011              11.033              10.698 50

VISB 14   2.25%

                      12/31/2009              N/A              10.050 10

                      12/31/2010              10.050              11.145 11

                      12/31/2011              11.145              10.899 10

VISB 2   2.00%

                      12/31/2009              N/A              10.055 117

                      12/31/2010              10.055              11.179 424

                      12/31/2011              11.179              10.959 691

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

54

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2009              N/A              10.047 457

                      12/31/2010              10.047              11.125 474

                      12/31/2011              11.125              10.863 443

VISB 4   2.70%

                      12/31/2009              N/A              10.042 170

                      12/31/2010              10.042              11.086 195

                      12/31/2011              11.086              10.792 186

VISB 5   2.55%

                      12/31/2009              N/A              10.045 245

                      12/31/2010              10.045              11.105 316

                      12/31/2011              11.105              10.828 284

VISB 6   2.85%

                      12/31/2009              N/A              10.039 190

                      12/31/2010              10.039              11.066 193

                      12/31/2011              11.066              10.757 166

VISB 7   2.50%

                      12/31/2009              N/A              10.045 740

                      12/31/2010              10.045              11.112 694

                      12/31/2011              11.112              10.840 688

VISB 8   2.80%

                      12/31/2009              N/A              10.040 277

                      12/31/2010              10.040              11.072 208

                      12/31/2011              11.072              10.769 216

VISB 9   2.65%

                      12/31/2009              N/A              10.043 571

                      12/31/2010              10.043              11.092 606

                      12/31/2011              11.092              10.804 618

VISC 1   2.45%

                      12/31/2009              N/A              10.046 29

                      12/31/2010              10.046              11.119 27

                      12/31/2011              11.119              10.851 27

VISC 10   3.00%

                      12/31/2009              N/A              10.036 3

                      12/31/2010              10.036              11.046 3

                      12/31/2011              11.046              10.722 3

VISC 11   2.30%

                      12/31/2009              N/A              10.049 2

                      12/31/2010              10.049              11.139 2

                      12/31/2011              11.139              10.887 2

VISC 12   3.15%

                      12/31/2009              N/A              10.033 0

                      12/31/2010              10.033              11.026 0

                      12/31/2011              11.026              10.686 0

VISC 13   1.75%

                      12/31/2009              N/A              10.060 25

                      12/31/2010              10.060              11.212 141

                      12/31/2011              11.212              11.019 269

VISC 14   2.05%

                      12/31/2009              N/A              10.054 0

                      12/31/2010              10.054              11.172 0

                      12/31/2011              11.172              10.947 0

VISC 2   2.75%

                      12/31/2009              N/A              10.041 13

                      12/31/2010              10.041              11.079 16

                      12/31/2011              11.079              10.780 16

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 3   2.60%

                      12/31/2009              N/A              10.044 0

                      12/31/2010              10.044              11.099 2

                      12/31/2011              11.099              10.816 9

VISC 4   2.90%

                      12/31/2009              N/A              10.038 0

                      12/31/2010              10.038              11.059 0

                      12/31/2011              11.059              10.745 0

VISC 5   2.15%

                      12/31/2009              N/A              10.052 2

                      12/31/2010              10.052              11.159 2

                      12/31/2011              11.159              10.923 4

VISC 7   2.55%

                      12/31/2009              N/A              10.045 23

                      12/31/2010              10.045              11.105 31

                      12/31/2011              11.105              10.828 28

VISC 8   2.85%

                      12/31/2009              N/A              10.039 9

                      12/31/2010              10.039              11.066 5

                      12/31/2011              11.066              10.757 42

VISC 9   2.70%

                      12/31/2009              N/A              10.042 76

                      12/31/2010              10.042              11.086 70

                      12/31/2011              11.086              10.792 62

VISI 1   1.40%

                      12/31/2009              N/A              10.067 0

                      12/31/2010              10.067              11.259 0

                      12/31/2011              11.259              11.104 0

VISI 10   2.65%

                      12/31/2009              N/A              10.043 256

                      12/31/2010              10.043              11.092 299

                      12/31/2011              11.092              10.804 302

VISI 11   1.80%

                      12/31/2009              N/A              10.059 319

                      12/31/2010              10.059              11.205 311

                      12/31/2011              11.205              11.007 328

VISI 13   1.95%

                      12/31/2009              N/A              10.056 77

                      12/31/2010              10.056              11.185 89

                      12/31/2011              11.185              10.971 71

VISI 14   2.80%

                      12/31/2009              N/A              10.040 0

                      12/31/2010              10.040              11.072 25

                      12/31/2011              11.072              10.769 39

VISI 2   1.70%

                      12/31/2009              N/A              10.061 173

                      12/31/2010              10.061              11.219 1608

                      12/31/2011              11.219              11.031 2395

VISI 3   2.10%

                      12/31/2009              N/A              10.053 979

                      12/31/2010              10.053              11.165 947

                      12/31/2011              11.165              10.935 928

VISI 4   2.40%

                      12/31/2009              N/A              10.047 112

                      12/31/2010              10.047              11.125 79

                      12/31/2011              11.125              10.863 81

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

55

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2009              N/A              10.050 590

                      12/31/2010              10.050              11.145 650

                      12/31/2011              11.145              10.899 679

VISI 6   2.55%

                      12/31/2009              N/A              10.045 18

                      12/31/2010              10.045              11.105 23

                      12/31/2011              11.105              10.828 24

VISI 7   2.20%

                      12/31/2009              N/A              10.051 1471

                      12/31/2010              10.051              11.152 1412

                      12/31/2011              11.152              10.911 1371

VISI 8   2.50%

                      12/31/2009              N/A              10.045 249

                      12/31/2010              10.045              11.112 536

                      12/31/2011              11.112              10.840 880

VISI 9   2.35%

                      12/31/2009              N/A              10.048 1421

                      12/31/2010              10.048              11.132 1659

                      12/31/2011              11.132              10.875 1677

VISL 1   1.65%

                      12/31/2009              N/A              10.062 125

                      12/31/2010              10.062              11.225 3759

                      12/31/2011              11.225              11.043 6545

VISL 10   2.90%

                      12/31/2009              N/A              10.038 185

                      12/31/2010              10.038              11.059 192

                      12/31/2011              11.059              10.745 219

VISL 11   2.05%

                      12/31/2009              N/A              10.054 112

                      12/31/2010              10.054              11.172 105

                      12/31/2011              11.172              10.947 104

VISL 13   3.05%

                      12/31/2009              N/A              10.035 14

                      12/31/2010              10.035              11.039 14

                      12/31/2011              11.039              10.710 50

VISL 14   2.20%

                      12/31/2009              N/A              10.051 62

                      12/31/2010              10.051              11.152 63

                      12/31/2011              11.152              10.911 57

VISL 2   1.95%

                      12/31/2009              N/A              10.056 85

                      12/31/2010              10.056              11.185 1521

                      12/31/2011              11.185              10.971 2634

VISL 3   2.35%

                      12/31/2009              N/A              10.048 404

                      12/31/2010              10.048              11.132 454

                      12/31/2011              11.132              10.875 414

VISL 4   2.65%

                      12/31/2009              N/A              10.043 162

                      12/31/2010              10.043              11.092 151

                      12/31/2011              11.092              10.804 166

VISL 5   2.50%

                      12/31/2009              N/A              10.045 409

                      12/31/2010              10.045              11.112 371

                      12/31/2011              11.112              10.840 326

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2009              N/A              10.040 34

                      12/31/2010              10.040              11.072 34

                      12/31/2011              11.072              10.769 42

VISL 7   2.45%

                      12/31/2009              N/A              10.046 671

                      12/31/2010              10.046              11.119 662

                      12/31/2011              11.119              10.851 629

VISL 8   2.75%

                      12/31/2009              N/A              10.041 173

                      12/31/2010              10.041              11.079 246

                      12/31/2011              11.079              10.780 439

VISL 9   2.60%

                      12/31/2009              N/A              10.044 644

                      12/31/2010              10.044              11.099 709

                      12/31/2011              11.099              10.816 818

AZL International Index Fund

VISB 1   1.70%

                      12/31/2009              N/A              9.755 21

                      12/31/2010              9.755              10.273 42

                      12/31/2011              10.273              8.810 53

VISB 10   2.95%

                      12/31/2009              N/A              9.732 17

                      12/31/2010              9.732              10.121 19

                      12/31/2011              10.121              8.572 20

VISB 11   2.10%

                      12/31/2009              N/A              9.747 17

                      12/31/2010              9.747              10.224 24

                      12/31/2011              10.224              8.733 27

VISB 13   3.10%

                      12/31/2009              N/A              9.729 0

                      12/31/2010              9.729              10.103 0

                      12/31/2011              10.103              8.544 0

VISB 14   2.25%

                      12/31/2009              N/A              9.745 7

                      12/31/2010              9.745              10.206 7

                      12/31/2011              10.206              8.705 6

VISB 2   2.00%

                      12/31/2009              N/A              9.749 10

                      12/31/2010              9.749              10.236 18

                      12/31/2011              10.236              8.752 32

VISB 3   2.40%

                      12/31/2009              N/A              9.742 61

                      12/31/2010              9.742              10.188 63

                      12/31/2011              10.188              8.676 72

VISB 4   2.70%

                      12/31/2009              N/A              9.736 22

                      12/31/2010              9.736              10.151 29

                      12/31/2011              10.151              8.619 29

VISB 5   2.55%

                      12/31/2009              N/A              9.739 75

                      12/31/2010              9.739              10.170 72

                      12/31/2011              10.170              8.648 83

VISB 6   2.85%

                      12/31/2009              N/A              9.733 17

                      12/31/2010              9.733              10.133 19

                      12/31/2011              10.133              8.591 20

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

56

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 7   2.50%

                      12/31/2009              N/A              9.740 124

                      12/31/2010              9.740              10.176 125

                      12/31/2011              10.176              8.657 129

VISB 8   2.80%

                      12/31/2009              N/A              9.734 38

                      12/31/2010              9.734              10.139 54

                      12/31/2011              10.139              8.600 55

VISB 9   2.65%

                      12/31/2009              N/A              9.737 115

                      12/31/2010              9.737              10.157 104

                      12/31/2011              10.157              8.629 111

VISC 1   2.45%

                      12/31/2009              N/A              9.741 1

                      12/31/2010              9.741              10.182 7

                      12/31/2011              10.182              8.667 10

VISC 10   3.00%

                      12/31/2009              N/A              9.731 1

                      12/31/2010              9.731              10.115 0

                      12/31/2011              10.115              8.563 0

VISC 11   2.30%

                      12/31/2009              N/A              9.744 0

                      12/31/2010              9.744              10.200 0

                      12/31/2011              10.200              8.695 0

VISC 12   3.15%

                      12/31/2009              N/A              9.728 0

                      12/31/2010              9.728              10.097 0

                      12/31/2011              10.097              8.535 0

VISC 13   1.75%

                      12/31/2009              N/A              9.754 0

                      12/31/2010              9.754              10.267 5

                      12/31/2011              10.267              8.800 14

VISC 14   2.05%

                      12/31/2009              N/A              9.748 0

                      12/31/2010              9.748              10.230 0

                      12/31/2011              10.230              8.743 0

VISC 2   2.75%

                      12/31/2009              N/A              9.735 2

                      12/31/2010              9.735              10.145 2

                      12/31/2011              10.145              8.610 2

VISC 3   2.60%

                      12/31/2009              N/A              9.738 1

                      12/31/2010              9.738              10.163 25

                      12/31/2011              10.163              8.638 24

VISC 4   2.90%

                      12/31/2009              N/A              9.732 0

                      12/31/2010              9.732              10.127 0

                      12/31/2011              10.127              8.582 0

VISC 5   2.15%

                      12/31/2009              N/A              9.746 0

                      12/31/2010              9.746              10.218 5

                      12/31/2011              10.218              8.724 0

VISC 7   2.55%

                      12/31/2009              N/A              9.739 2

                      12/31/2010              9.739              10.170 2

                      12/31/2011              10.170              8.648 2

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 8   2.85%

                      12/31/2009              N/A              9.733 14

                      12/31/2010              9.733              10.133 14

                      12/31/2011              10.133              8.591 13

VISC 9   2.70%

                      12/31/2009              N/A              9.736 7

                      12/31/2010              9.736              10.151 7

                      12/31/2011              10.151              8.619 7

VISI 1   1.40%

                      12/31/2009              N/A              9.761 0

                      12/31/2010              9.761              10.310 0

                      12/31/2011              10.310              8.868 0

VISI 10   2.65%

                      12/31/2009              N/A              9.737 31

                      12/31/2010              9.737              10.157 40

                      12/31/2011              10.157              8.629 47

VISI 11   1.80%

                      12/31/2009              N/A              9.753 102

                      12/31/2010              9.753              10.261 219

                      12/31/2011              10.261              8.791 147

VISI 13   1.95%

                      12/31/2009              N/A              9.750 69

                      12/31/2010              9.750              10.243 73

                      12/31/2011              10.243              8.762 72

VISI 14   2.80%

                      12/31/2009              N/A              9.734 0

                      12/31/2010              9.734              10.139 0

                      12/31/2011              10.139              8.600 0

VISI 2   1.70%

                      12/31/2009              N/A              9.755 20

                      12/31/2010              9.755              10.273 67

                      12/31/2011              10.273              8.810 87

VISI 3   2.10%

                      12/31/2009              N/A              9.747 190

                      12/31/2010              9.747              10.224 215

                      12/31/2011              10.224              8.733 211

VISI 4   2.40%

                      12/31/2009              N/A              9.742 26

                      12/31/2010              9.742              10.188 27

                      12/31/2011              10.188              8.676 29

VISI 5   2.25%

                      12/31/2009              N/A              9.745 158

                      12/31/2010              9.745              10.206 141

                      12/31/2011              10.206              8.705 146

VISI 6   2.55%

                      12/31/2009              N/A              9.739 13

                      12/31/2010              9.739              10.170 7

                      12/31/2011              10.170              8.648 8

VISI 7   2.20%

                      12/31/2009              N/A              9.746 170

                      12/31/2010              9.746              10.212 190

                      12/31/2011              10.212              8.714 197

VISI 8   2.50%

                      12/31/2009              N/A              9.740 24

                      12/31/2010              9.740              10.176 32

                      12/31/2011              10.176              8.657 37

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

57

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2009              N/A              9.743 247

                      12/31/2010              9.743              10.194 232

                      12/31/2011              10.194              8.686 251

VISL 1   1.65%

                      12/31/2009              N/A              9.756 21

                      12/31/2010              9.756              10.279 73

                      12/31/2011              10.279              8.820 138

VISL 10   2.90%

                      12/31/2009              N/A              9.732 19

                      12/31/2010              9.732              10.127 16

                      12/31/2011              10.127              8.582 18

VISL 11   2.05%

                      12/31/2009              N/A              9.748 19

                      12/31/2010              9.748              10.230 25

                      12/31/2011              10.230              8.743 44

VISL 13   3.05%

                      12/31/2009              N/A              9.730 1

                      12/31/2010              9.730              10.109 0

                      12/31/2011              10.109              8.553 0

VISL 14   2.20%

                      12/31/2009              N/A              9.746 6

                      12/31/2010              9.746              10.212 28

                      12/31/2011              10.212              8.714 32

VISL 2   1.95%

                      12/31/2009              N/A              9.750 6

                      12/31/2010              9.750              10.243 30

                      12/31/2011              10.243              8.762 47

VISL 3   2.35%

                      12/31/2009              N/A              9.743 87

                      12/31/2010              9.743              10.194 88

                      12/31/2011              10.194              8.686 102

VISL 4   2.65%

                      12/31/2009              N/A              9.737 28

                      12/31/2010              9.737              10.157 45

                      12/31/2011              10.157              8.629 47

VISL 5   2.50%

                      12/31/2009              N/A              9.740 48

                      12/31/2010              9.740              10.176 52

                      12/31/2011              10.176              8.657 62

VISL 6   2.80%

                      12/31/2009              N/A              9.734 2

                      12/31/2010              9.734              10.139 3

                      12/31/2011              10.139              8.600 2

VISL 7   2.45%

                      12/31/2009              N/A              9.741 109

                      12/31/2010              9.741              10.182 96

                      12/31/2011              10.182              8.667 107

VISL 8   2.75%

                      12/31/2009              N/A              9.735 45

                      12/31/2010              9.735              10.145 25

                      12/31/2011              10.145              8.610 28

VISL 9   2.60%

                      12/31/2009              N/A              9.738 146

                      12/31/2010              9.738              10.163 64

                      12/31/2011              10.163              8.638 72

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

AZL Invesco Equity and Income Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.691 423

                      12/31/2008              12.691              9.492 446

                      12/31/2009              9.492              11.465 367

                      12/31/2010              11.465              12.595 1024

                      12/31/2011              12.595              12.113 1320

VISB 10   2.95%

                      12/31/2007              N/A              12.122 0

                      12/31/2008              12.122              8.954 16

                      12/31/2009              8.954              10.680 129

                      12/31/2010              10.680              11.587 148

                      12/31/2011              11.587              11.006 269

VISB 11   2.10%

                      12/31/2008              N/A              9.317 3

                      12/31/2009              9.317              11.207 9

                      12/31/2010              11.207              12.263 6

                      12/31/2011              12.263              11.747 9

VISB 13   3.10%

                      12/31/2009              N/A              10.590 48

                      12/31/2010              10.590              11.472 60

                      12/31/2011              11.472              10.880 94

VISB 14   2.25%

                      12/31/2009              N/A              11.112 30

                      12/31/2010              11.112              12.141 36

                      12/31/2011              12.141              11.613 34

VISB 2   2.00%

                      12/31/2007              N/A              12.552 104

                      12/31/2008              12.552              9.360 72

                      12/31/2009              9.360              11.271 124

                      12/31/2010              11.271              12.345 269

                      12/31/2011              12.345              11.838 388

VISB 3   2.40%

                      12/31/2007              N/A              12.369 0

                      12/31/2008              12.369              9.187 50

                      12/31/2009              9.187              11.018 279

                      12/31/2010              11.018              12.020 245

                      12/31/2011              12.020              11.480 213

VISB 4   2.70%

                      12/31/2007              N/A              12.234 0

                      12/31/2008              12.234              9.059 15

                      12/31/2009              9.059              10.832 47

                      12/31/2010              10.832              11.782 109

                      12/31/2011              11.782              11.219 168

VISB 5   2.55%

                      12/31/2007              N/A              12.301 0

                      12/31/2008              12.301              9.123 23

                      12/31/2009              9.123              10.925 79

                      12/31/2010              10.925              11.900 99

                      12/31/2011              11.900              11.349 100

VISB 6   2.85%

                      12/31/2007              N/A              12.167 0

                      12/31/2008              12.167              8.996 5

                      12/31/2009              8.996              10.740 24

                      12/31/2010              10.740              11.664 19

                      12/31/2011              11.664              11.090 24

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

58

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 7   2.50%

                      12/31/2007              N/A              12.324 0

                      12/31/2008              12.324              9.144 102

                      12/31/2009              9.144              10.956 162

                      12/31/2010              10.956              11.940 173

                      12/31/2011              11.940              11.392 180

VISB 8   2.80%

                      12/31/2007              N/A              12.189 0

                      12/31/2008              12.189              9.017 11

                      12/31/2009              9.017              10.771 250

                      12/31/2010              10.771              11.703 365

                      12/31/2011              11.703              11.133 403

VISB 9   2.65%

                      12/31/2007              N/A              12.256 0

                      12/31/2008              12.256              9.080 41

                      12/31/2009              9.080              10.863 470

                      12/31/2010              10.863              11.821 495

                      12/31/2011              11.821              11.262 531

VISC 1   2.45%

                      12/31/2008              N/A              9.165 5

                      12/31/2009              9.165              10.987 6

                      12/31/2010              10.987              11.980 6

                      12/31/2011              11.980              11.436 7

VISC 10   3.00%

                      12/31/2008              N/A              8.934 0

                      12/31/2009              8.934              10.650 6

                      12/31/2010              10.650              11.549 14

                      12/31/2011              11.549              10.964 13

VISC 11   2.30%

                      12/31/2009              N/A              11.081 3

                      12/31/2010              11.081              12.100 3

                      12/31/2011              12.100              11.568 3

VISC 12   3.15%

                      12/31/2009              N/A              10.560 5

                      12/31/2010              10.560              11.434 8

                      12/31/2011              11.434              10.838 13

VISC 13   1.75%

                      12/31/2009              N/A              11.423 22

                      12/31/2010              11.423              12.543 104

                      12/31/2011              12.543              12.057 135

VISC 14   2.05%

                      12/31/2009              N/A              11.240 0

                      12/31/2010              11.240              12.305 0

                      12/31/2011              12.305              11.793 0

VISC 2   2.75%

                      12/31/2008              N/A              9.038 0

                      12/31/2009              9.038              10.802 0

                      12/31/2010              10.802              11.742 0

                      12/31/2011              11.742              11.176 0

VISC 3   2.60%

                      12/31/2008              N/A              9.101 0

                      12/31/2009              9.101              10.894 2

                      12/31/2010              10.894              11.861 2

                      12/31/2011              11.861              11.305 2

VISC 4   2.90%

                      12/31/2008              N/A              8.975 0

                      12/31/2009              8.975              10.710 0

                      12/31/2010              10.710              11.625 0

                      12/31/2011              11.625              11.048 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 5   2.15%

                      12/31/2008              N/A              9.295 1

                      12/31/2009              9.295              11.176 2

                      12/31/2010              11.176              12.223 2

                      12/31/2011              12.223              11.703 4

VISC 7   2.55%

                      12/31/2008              N/A              9.123 6

                      12/31/2009              9.123              10.925 4

                      12/31/2010              10.925              11.900 7

                      12/31/2011              11.900              11.349 2

VISC 8   2.85%

                      12/31/2008              N/A              8.996 1

                      12/31/2009              8.996              10.740 42

                      12/31/2010              10.740              11.664 40

                      12/31/2011              11.664              11.090 25

VISC 9   2.70%

                      12/31/2008              N/A              9.059 13

                      12/31/2009              9.059              10.832 50

                      12/31/2010              10.832              11.782 48

                      12/31/2011              11.782              11.219 43

VISI 1   1.40%

                      12/31/2007              N/A              12.832 0

                      12/31/2008              12.832              9.627 0

                      12/31/2009              9.627              11.662 0

                      12/31/2010              11.662              12.850 0

                      12/31/2011              12.850              12.395 0

VISI 10   2.65%

                      12/31/2007              N/A              12.256 0

                      12/31/2008              12.256              9.080 55

                      12/31/2009              9.080              10.863 401

                      12/31/2010              10.863              11.821 412

                      12/31/2011              11.821              11.262 473

VISI 11   1.80%

                      12/31/2008              N/A              9.448 82

                      12/31/2009              9.448              11.400 153

                      12/31/2010              11.400              12.511 164

                      12/31/2011              12.511              12.021 160

VISI 13   1.95%

                      12/31/2009              N/A              11.303 136

                      12/31/2010              11.303              12.387 126

                      12/31/2011              12.387              11.883 120

VISI 14   2.80%

                      12/31/2009              N/A              10.771 134

                      12/31/2010              10.771              11.703 138

                      12/31/2011              11.703              11.133 163

VISI 2   1.70%

                      12/31/2007              N/A              12.691 98

                      12/31/2008              12.691              9.492 112

                      12/31/2009              9.492              11.465 199

                      12/31/2010              11.465              12.595 961

                      12/31/2011              12.595              12.113 1261

VISI 3   2.10%

                      12/31/2007              N/A              12.506 0

                      12/31/2008              12.506              9.317 196

                      12/31/2009              9.317              11.207 489

                      12/31/2010              11.207              12.263 483

                      12/31/2011              12.263              11.747 449

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

59

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 4   2.40%

                      12/31/2007              N/A              12.369 0

                      12/31/2008              12.369              9.187 25

                      12/31/2009              9.187              11.018 66

                      12/31/2010              11.018              12.020 63

                      12/31/2011              12.020              11.480 69

VISI 5   2.25%

                      12/31/2007              N/A              12.438 0

                      12/31/2008              12.438              9.252 284

                      12/31/2009              9.252              11.112 532

                      12/31/2010              11.112              12.141 596

                      12/31/2011              12.141              11.613 557

VISI 6   2.55%

                      12/31/2007              N/A              12.301 0

                      12/31/2008              12.301              9.123 14

                      12/31/2009              9.123              10.925 70

                      12/31/2010              10.925              11.900 77

                      12/31/2011              11.900              11.349 75

VISI 7   2.20%

                      12/31/2007              N/A              12.461 0

                      12/31/2008              12.461              9.273 238

                      12/31/2009              9.273              11.144 411

                      12/31/2010              11.144              12.182 384

                      12/31/2011              12.182              11.658 382

VISI 8   2.50%

                      12/31/2007              N/A              12.324 0

                      12/31/2008              12.324              9.144 58

                      12/31/2009              9.144              10.956 1446

                      12/31/2010              10.956              11.940 1523

                      12/31/2011              11.940              11.392 1516

VISI 9   2.35%

                      12/31/2007              N/A              12.392 0

                      12/31/2008              12.392              9.208 224

                      12/31/2009              9.208              11.050 1489

                      12/31/2010              11.050              12.060 1488

                      12/31/2011              12.060              11.524 1507

VISL 1   1.65%

                      12/31/2007              N/A              12.715 146

                      12/31/2008              12.715              9.515 135

                      12/31/2009              9.515              11.497 252

                      12/31/2010              11.497              12.637 1497

                      12/31/2011              12.637              12.160 2199

VISL 10   2.90%

                      12/31/2007              N/A              12.144 0

                      12/31/2008              12.144              8.975 31

                      12/31/2009              8.975              10.710 361

                      12/31/2010              10.710              11.625 364

                      12/31/2011              11.625              11.048 268

VISL 11   2.05%

                      12/31/2008              N/A              9.339 27

                      12/31/2009              9.339              11.240 104

                      12/31/2010              11.240              12.305 126

                      12/31/2011              12.305              11.793 133

VISL 13   3.05%

                      12/31/2009              N/A              10.620 211

                      12/31/2010              10.620              11.510 245

                      12/31/2011              11.510              10.922 160

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 14   2.20%

                      12/31/2009              N/A              11.144 56

                      12/31/2010              11.144              12.182 59

                      12/31/2011              12.182              11.658 59

VISL 2   1.95%

                      12/31/2007              N/A              12.575 187

                      12/31/2008              12.575              9.382 197

                      12/31/2009              9.382              11.303 128

                      12/31/2010              11.303              12.387 573

                      12/31/2011              12.387              11.883 702

VISL 3   2.35%

                      12/31/2007              N/A              12.392 0

                      12/31/2008              12.392              9.208 90

                      12/31/2009              9.208              11.050 155

                      12/31/2010              11.050              12.060 148

                      12/31/2011              12.060              11.524 149

VISL 4   2.65%

                      12/31/2007              N/A              12.256 0

                      12/31/2008              12.256              9.080 36

                      12/31/2009              9.080              10.863 63

                      12/31/2010              10.863              11.821 84

                      12/31/2011              11.821              11.262 88

VISL 5   2.50%

                      12/31/2007              N/A              12.324 0

                      12/31/2008              12.324              9.144 79

                      12/31/2009              9.144              10.956 182

                      12/31/2010              10.956              11.940 189

                      12/31/2011              11.940              11.392 177

VISL 6   2.80%

                      12/31/2007              N/A              12.189 0

                      12/31/2008              12.189              9.017 20

                      12/31/2009              9.017              10.771 60

                      12/31/2010              10.771              11.703 64

                      12/31/2011              11.703              11.133 64

VISL 7   2.45%

                      12/31/2007              N/A              12.347 0

                      12/31/2008              12.347              9.165 95

                      12/31/2009              9.165              10.987 138

                      12/31/2010              10.987              11.980 127

                      12/31/2011              11.980              11.436 143

VISL 8   2.75%

                      12/31/2007              N/A              12.211 0

                      12/31/2008              12.211              9.038 12

                      12/31/2009              9.038              10.802 488

                      12/31/2010              10.802              11.742 592

                      12/31/2011              11.742              11.176 618

VISL 9   2.60%

                      12/31/2007              N/A              12.279 0

                      12/31/2008              12.279              9.101 94

                      12/31/2009              9.101              10.894 791

                      12/31/2010              10.894              11.861 769

                      12/31/2011              11.861              11.305 792

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

60

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

AZL Invesco Growth and Income Fund

VISB 1   1.70%

                      12/31/2007              N/A              14.008 117

                      12/31/2008              14.008              9.246 175

                      12/31/2009              9.246              11.240 86

                      12/31/2010              11.240              12.418 98

                      12/31/2011              12.418              11.972 109

VISB 10   2.95%

                      12/31/2007              N/A              12.887 0

                      12/31/2008              12.887              8.400 10

                      12/31/2009              8.400              10.085 15

                      12/31/2010              10.085              11.003 20

                      12/31/2011              11.003              10.476 19

VISB 11   2.10%

                      12/31/2008              N/A              8.967 3

                      12/31/2009              8.967              10.857 9

                      12/31/2010              10.857              11.946 11

                      12/31/2011              11.946              11.471 10

VISB 13   3.10%

                      12/31/2009              N/A              9.954 0

                      12/31/2010              9.954              10.844 0

                      12/31/2011              10.844              10.310 0

VISB 14   2.25%

                      12/31/2009              N/A              10.716 57

                      12/31/2010              10.716              11.774 54

                      12/31/2011              11.774              11.289 58

VISB 2   2.00%

                      12/31/2007              N/A              13.730 77

                      12/31/2008              13.730              9.036 134

                      12/31/2009              9.036              10.951 19

                      12/31/2010              10.951              12.062 30

                      12/31/2011              12.062              11.594 37

VISB 3   2.40%

                      12/31/2007              N/A              13.368 0

                      12/31/2008              13.368              8.763 89

                      12/31/2009              8.763              10.578 160

                      12/31/2010              10.578              11.604 113

                      12/31/2011              11.604              11.110 181

VISB 4   2.70%

                      12/31/2007              N/A              13.103 0

                      12/31/2008              13.103              8.563 13

                      12/31/2009              8.563              10.306 27

                      12/31/2010              10.306              11.272 25

                      12/31/2011              11.272              10.760 20

VISB 5   2.55%

                      12/31/2007              N/A              13.235 0

                      12/31/2008              13.235              8.662 20

                      12/31/2009              8.662              10.441 44

                      12/31/2010              10.441              11.437 47

                      12/31/2011              11.437              10.933 50

VISB 6   2.85%

                      12/31/2007              N/A              12.973 0

                      12/31/2008              12.973              8.465 7

                      12/31/2009              8.465              10.173 8

                      12/31/2010              10.173              11.110 13

                      12/31/2011              11.110              10.589 7

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 7   2.50%

                      12/31/2007              N/A              13.279 0

                      12/31/2008              13.279              8.696 32

                      12/31/2009              8.696              10.486 91

                      12/31/2010              10.486              11.492 93

                      12/31/2011              11.492              10.992 93

VISB 8   2.80%

                      12/31/2007              N/A              13.016 0

                      12/31/2008              13.016              8.498 15

                      12/31/2009              8.498              10.217 38

                      12/31/2010              10.217              11.164 24

                      12/31/2011              11.164              10.645 32

VISB 9   2.65%

                      12/31/2007              N/A              13.147 0

                      12/31/2008              13.147              8.596 36

                      12/31/2009              8.596              10.351 50

                      12/31/2010              10.351              11.327 51

                      12/31/2011              11.327              10.817 46

VISC 1   2.45%

                      12/31/2008              N/A              8.729 1

                      12/31/2009              8.729              10.532 1

                      12/31/2010              10.532              11.548 2

                      12/31/2011              11.548              11.051 1

VISC 10   3.00%

                      12/31/2008              N/A              8.368 0

                      12/31/2009              8.368              10.041 0

                      12/31/2010              10.041              10.950 2

                      12/31/2011              10.950              10.421 0

VISC 11   2.30%

                      12/31/2009              N/A              10.670 4

                      12/31/2010              10.670              11.717 0

                      12/31/2011              11.717              11.229 0

VISC 12   3.15%

                      12/31/2009              N/A              9.911 0

                      12/31/2010              9.911              10.792 0

                      12/31/2011              10.792              10.255 0

VISC 13   1.75%

                      12/31/2009              N/A              11.182 1

                      12/31/2010              11.182              12.348 6

                      12/31/2011              12.348              11.899 8

VISC 14   2.05%

                      12/31/2009              N/A              10.904 0

                      12/31/2010              10.904              12.004 0

                      12/31/2011              12.004              11.533 0

VISC 2   2.75%

                      12/31/2008              N/A              8.530 5

                      12/31/2009              8.530              10.261 5

                      12/31/2010              10.261              11.218 5

                      12/31/2011              11.218              10.702 5

VISC 3   2.60%

                      12/31/2008              N/A              8.629 0

                      12/31/2009              8.629              10.396 0

                      12/31/2010              10.396              11.382 1

                      12/31/2011              11.382              10.875 1

VISC 4   2.90%

                      12/31/2008              N/A              8.433 0

                      12/31/2009              8.433              10.128 0

                      12/31/2010              10.128              11.056 0

                      12/31/2011              11.056              10.532 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

61

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 5   2.15%

                      12/31/2008              N/A              8.932 2

                      12/31/2009              8.932              10.810 12

                      12/31/2010              10.810              11.888 23

                      12/31/2011              11.888              11.410 22

VISC 7   2.55%

                      12/31/2008              N/A              8.662 1

                      12/31/2009              8.662              10.441 1

                      12/31/2010              10.441              11.437 1

                      12/31/2011              11.437              10.933 2

VISC 8   2.85%

                      12/31/2008              N/A              8.465 1

                      12/31/2009              8.465              10.173 1

                      12/31/2010              10.173              11.110 1

                      12/31/2011              11.110              10.589 2

VISC 9   2.70%

                      12/31/2008              N/A              8.563 6

                      12/31/2009              8.563              10.306 9

                      12/31/2010              10.306              11.272 21

                      12/31/2011              11.272              10.760 24

VISI 1   1.40%

                      12/31/2007              N/A              14.291 0

                      12/31/2008              14.291              9.462 0

                      12/31/2009              9.462              11.537 0

                      12/31/2010              11.537              12.783 0

                      12/31/2011              12.783              12.361 0

VISI 10   2.65%

                      12/31/2007              N/A              13.147 0

                      12/31/2008              13.147              8.596 18

                      12/31/2009              8.596              10.351 63

                      12/31/2010              10.351              11.327 53

                      12/31/2011              11.327              10.817 52

VISI 11   1.80%

                      12/31/2008              N/A              9.176 74

                      12/31/2009              9.176              11.143 214

                      12/31/2010              11.143              12.298 241

                      12/31/2011              12.298              11.845 245

VISI 13   1.95%

                      12/31/2009              N/A              10.999 154

                      12/31/2010              10.999              12.121 178

                      12/31/2011              12.121              11.657 159

VISI 14   2.80%

                      12/31/2009              N/A              10.217 5

                      12/31/2010              10.217              11.164 0

                      12/31/2011              11.164              10.645 0

VISI 2   1.70%

                      12/31/2007              N/A              14.008 24

                      12/31/2008              14.008              9.246 34

                      12/31/2009              9.246              11.240 19

                      12/31/2010              11.240              12.418 82

                      12/31/2011              12.418              11.972 106

VISI 3   2.10%

                      12/31/2007              N/A              13.639 0

                      12/31/2008              13.639              8.967 110

                      12/31/2009              8.967              10.857 227

                      12/31/2010              10.857              11.946 239

                      12/31/2011              11.946              11.471 238

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 4   2.40%

                      12/31/2007              N/A              13.368 0

                      12/31/2008              13.368              8.763 9

                      12/31/2009              8.763              10.578 22

                      12/31/2010              10.578              11.604 22

                      12/31/2011              11.604              11.110 26

VISI 5   2.25%

                      12/31/2007              N/A              13.503 0

                      12/31/2008              13.503              8.864 88

                      12/31/2009              8.864              10.716 173

                      12/31/2010              10.716              11.774 208

                      12/31/2011              11.774              11.289 202

VISI 6   2.55%

                      12/31/2007              N/A              13.235 0

                      12/31/2008              13.235              8.662 6

                      12/31/2009              8.662              10.441 16

                      12/31/2010              10.441              11.437 19

                      12/31/2011              11.437              10.933 24

VISI 7   2.20%

                      12/31/2007              N/A              13.548 0

                      12/31/2008              13.548              8.898 133

                      12/31/2009              8.898              10.763 245

                      12/31/2010              10.763              11.831 251

                      12/31/2011              11.831              11.350 278

VISI 8   2.50%

                      12/31/2007              N/A              13.279 0

                      12/31/2008              13.279              8.696 46

                      12/31/2009              8.696              10.486 69

                      12/31/2010              10.486              11.492 74

                      12/31/2011              11.492              10.992 87

VISI 9   2.35%

                      12/31/2007              N/A              13.413 0

                      12/31/2008              13.413              8.796 120

                      12/31/2009              8.796              10.624 236

                      12/31/2010              10.624              11.660 230

                      12/31/2011              11.660              11.169 222

VISL 1   1.65%

                      12/31/2007              N/A              14.055 31

                      12/31/2008              14.055              9.282 46

                      12/31/2009              9.282              11.289 18

                      12/31/2010              11.289              12.478 103

                      12/31/2011              12.478              12.036 136

VISL 10   2.90%

                      12/31/2007              N/A              12.930 0

                      12/31/2008              12.930              8.433 16

                      12/31/2009              8.433              10.128 49

                      12/31/2010              10.128              11.056 39

                      12/31/2011              11.056              10.532 41

VISL 11   2.05%

                      12/31/2008              N/A              9.001 35

                      12/31/2009              9.001              10.904 132

                      12/31/2010              10.904              12.004 155

                      12/31/2011              12.004              11.533 228

VISL 13   3.05%

                      12/31/2009              N/A              9.997 1

                      12/31/2010              9.997              10.897 0

                      12/31/2011              10.897              10.365 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

62

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 14   2.20%

                      12/31/2009              N/A              10.763 31

                      12/31/2010              10.763              11.831 31

                      12/31/2011              11.831              11.350 32

VISL 2   1.95%

                      12/31/2007              N/A              13.776 8

                      12/31/2008              13.776              9.071 22

                      12/31/2009              9.071              10.999 11

                      12/31/2010              10.999              12.121 71

                      12/31/2011              12.121              11.657 91

VISL 3   2.35%

                      12/31/2007              N/A              13.413 0

                      12/31/2008              13.413              8.796 53

                      12/31/2009              8.796              10.624 87

                      12/31/2010              10.624              11.660 93

                      12/31/2011              11.660              11.169 101

VISL 4   2.65%

                      12/31/2007              N/A              13.147 0

                      12/31/2008              13.147              8.596 7

                      12/31/2009              8.596              10.351 11

                      12/31/2010              10.351              11.327 11

                      12/31/2011              11.327              10.817 18

VISL 5   2.50%

                      12/31/2007              N/A              13.279 0

                      12/31/2008              13.279              8.696 25

                      12/31/2009              8.696              10.486 50

                      12/31/2010              10.486              11.492 45

                      12/31/2011              11.492              10.992 53

VISL 6   2.80%

                      12/31/2007              N/A              13.016 0

                      12/31/2008              13.016              8.498 1

                      12/31/2009              8.498              10.217 10

                      12/31/2010              10.217              11.164 11

                      12/31/2011              11.164              10.645 15

VISL 7   2.45%

                      12/31/2007              N/A              13.324 0

                      12/31/2008              13.324              8.729 43

                      12/31/2009              8.729              10.532 92

                      12/31/2010              10.532              11.548 98

                      12/31/2011              11.548              11.051 110

VISL 8   2.75%

                      12/31/2007              N/A              13.060 0

                      12/31/2008              13.060              8.530 11

                      12/31/2009              8.530              10.261 37

                      12/31/2010              10.261              11.218 29

                      12/31/2011              11.218              10.702 22

VISL 9   2.60%

                      12/31/2007              N/A              13.191 0

                      12/31/2008              13.191              8.629 44

                      12/31/2009              8.629              10.396 74

                      12/31/2010              10.396              11.382 80

                      12/31/2011              11.382              10.875 129

AZL Invesco International Equity Fund

VISB 1   1.70%

                      12/31/2007              N/A              19.496 221

                      12/31/2008              19.496              11.211 313

                      12/31/2009              11.211              14.805 142

                      12/31/2010              14.805              16.378 109

                      12/31/2011              16.378              14.925 126

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              18.161 0

                      12/31/2008              18.161              10.313 27

                      12/31/2009              10.313              13.450 106

                      12/31/2010              13.450              14.694 88

                      12/31/2011              14.694              13.225 54

VISB 11   2.10%

                      12/31/2008              N/A              10.915 35

                      12/31/2009              10.915              14.357 56

                      12/31/2010              14.357              15.819 49

                      12/31/2011              15.819              14.358 47

VISB 13   3.10%

                      12/31/2009              N/A              13.296 1

                      12/31/2010              13.296              14.504 0

                      12/31/2011              14.504              13.034 0

VISB 14   2.25%

                      12/31/2009              N/A              14.193 36

                      12/31/2010              14.193              15.615 34

                      12/31/2011              15.615              14.151 23

VISB 2   2.00%

                      12/31/2007              N/A              19.167 92

                      12/31/2008              19.167              10.988 77

                      12/31/2009              10.988              14.468 38

                      12/31/2010              14.468              15.957 37

                      12/31/2011              15.957              14.498 44

VISB 3   2.40%

                      12/31/2007              N/A              18.736 0

                      12/31/2008              18.736              10.699 96

                      12/31/2009              10.699              14.030 395

                      12/31/2010              14.030              15.413 371

                      12/31/2011              15.413              13.947 316

VISB 4   2.70%

                      12/31/2007              N/A              18.420 0

                      12/31/2008              18.420              10.487 25

                      12/31/2009              10.487              13.711 98

                      12/31/2010              13.711              15.017 95

                      12/31/2011              15.017              13.548 84

VISB 5   2.55%

                      12/31/2007              N/A              18.578 0

                      12/31/2008              18.578              10.592 55

                      12/31/2009              10.592              13.870 378

                      12/31/2010              13.870              15.213 379

                      12/31/2011              15.213              13.746 351

VISB 6   2.85%

                      12/31/2007              N/A              18.264 0

                      12/31/2008              18.264              10.382 10

                      12/31/2009              10.382              13.554 33

                      12/31/2010              13.554              14.822 31

                      12/31/2011              14.822              13.353 35

VISB 7   2.50%

                      12/31/2007              N/A              18.630 0

                      12/31/2008              18.630              10.628 86

                      12/31/2009              10.628              13.923 258

                      12/31/2010              13.923              15.280 263

                      12/31/2011              15.280              13.813 258

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

63

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              18.316 0

                      12/31/2008              18.316              10.417 32

                      12/31/2009              10.417              13.606 106

                      12/31/2010              13.606              14.887 115

                      12/31/2011              14.887              13.418 105

VISB 9   2.65%

                      12/31/2007              N/A              18.473 0

                      12/31/2008              18.473              10.522 93

                      12/31/2009              10.522              13.764 294

                      12/31/2010              13.764              15.082 235

                      12/31/2011              15.082              13.614 233

VISC 1   2.45%

                      12/31/2008              N/A              10.663 3

                      12/31/2009              10.663              13.977 7

                      12/31/2010              13.977              15.346 4

                      12/31/2011              15.346              13.880 3

VISC 10   3.00%

                      12/31/2008              N/A              10.279 0

                      12/31/2009              10.279              13.399 0

                      12/31/2010              13.399              14.631 0

                      12/31/2011              14.631              13.161 1

VISC 11   2.30%

                      12/31/2009              N/A              14.138 1

                      12/31/2010              14.138              15.547 1

                      12/31/2011              15.547              14.083 0

VISC 12   3.15%

                      12/31/2009              N/A              13.245 0

                      12/31/2010              13.245              14.442 0

                      12/31/2011              14.442              12.971 0

VISC 13   1.75%

                      12/31/2009              N/A              14.737 4

                      12/31/2010              14.737              16.294 12

                      12/31/2011              16.294              14.841 10

VISC 14   2.05%

                      12/31/2009              N/A              14.412 0

                      12/31/2010              14.412              15.888 0

                      12/31/2011              15.888              14.428 0

VISC 2   2.75%

                      12/31/2008              N/A              10.452 0

                      12/31/2009              10.452              13.658 2

                      12/31/2010              13.658              14.952 1

                      12/31/2011              14.952              13.483 2

VISC 3   2.60%

                      12/31/2008              N/A              10.557 2

                      12/31/2009              10.557              13.817 5

                      12/31/2010              13.817              15.148 3

                      12/31/2011              15.148              13.680 9

VISC 4   2.90%

                      12/31/2008              N/A              10.347 0

                      12/31/2009              10.347              13.502 0

                      12/31/2010              13.502              14.758 0

                      12/31/2011              14.758              13.289 0

VISC 5   2.15%

                      12/31/2008              N/A              10.879 3

                      12/31/2009              10.879              14.302 18

                      12/31/2010              14.302              15.751 13

                      12/31/2011              15.751              14.289 7

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              10.592 3

                      12/31/2009              10.592              13.870 18

                      12/31/2010              13.870              15.213 11

                      12/31/2011              15.213              13.746 3

VISC 8   2.85%

                      12/31/2008              N/A              10.382 1

                      12/31/2009              10.382              13.554 2

                      12/31/2010              13.554              14.822 2

                      12/31/2011              14.822              13.353 2

VISC 9   2.70%

                      12/31/2008              N/A              10.487 4

                      12/31/2009              10.487              13.711 24

                      12/31/2010              13.711              15.017 24

                      12/31/2011              15.017              13.548 15

VISI 1   1.40%

                      12/31/2007              N/A              19.830 0

                      12/31/2008              19.830              11.438 0

                      12/31/2009              11.438              15.150 0

                      12/31/2010              15.150              16.810 0

                      12/31/2011              16.810              15.364 0

VISI 10   2.65%

                      12/31/2007              N/A              18.473 0

                      12/31/2008              18.473              10.522 16

                      12/31/2009              10.522              13.764 82

                      12/31/2010              13.764              15.082 65

                      12/31/2011              15.082              13.614 59

VISI 11   1.80%

                      12/31/2008              N/A              11.136 77

                      12/31/2009              11.136              14.692 304

                      12/31/2010              14.692              16.236 343

                      12/31/2011              16.236              14.781 357

VISI 13   1.95%

                      12/31/2009              N/A              14.524 124

                      12/31/2010              14.524              16.027 148

                      12/31/2011              16.027              14.568 149

VISI 14   2.80%

                      12/31/2009              N/A              13.606 7

                      12/31/2010              13.606              14.887 0

                      12/31/2011              14.887              13.418 0

VISI 2   1.70%

                      12/31/2007              N/A              19.496 54

                      12/31/2008              19.496              11.211 59

                      12/31/2009              11.211              14.805 45

                      12/31/2010              14.805              16.378 80

                      12/31/2011              16.378              14.925 104

VISI 3   2.10%

                      12/31/2007              N/A              19.058 0

                      12/31/2008              19.058              10.915 103

                      12/31/2009              10.915              14.357 426

                      12/31/2010              14.357              15.819 432

                      12/31/2011              15.819              14.358 429

VISI 4   2.40%

                      12/31/2007              N/A              18.736 0

                      12/31/2008              18.736              10.699 18

                      12/31/2009              10.699              14.030 86

                      12/31/2010              14.030              15.413 84

                      12/31/2011              15.413              13.947 84

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

64

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              18.897 0

                      12/31/2008              18.897              10.806 102

                      12/31/2009              10.806              14.193 422

                      12/31/2010              14.193              15.615 414

                      12/31/2011              15.615              14.151 411

VISI 6   2.55%

                      12/31/2007              N/A              18.578 0

                      12/31/2008              18.578              10.592 3

                      12/31/2009              10.592              13.870 19

                      12/31/2010              13.870              15.213 25

                      12/31/2011              15.213              13.746 26

VISI 7   2.20%

                      12/31/2007              N/A              18.950 0

                      12/31/2008              18.950              10.843 252

                      12/31/2009              10.843              14.247 558

                      12/31/2010              14.247              15.683 555

                      12/31/2011              15.683              14.220 551

VISI 8   2.50%

                      12/31/2007              N/A              18.630 0

                      12/31/2008              18.630              10.628 42

                      12/31/2009              10.628              13.923 153

                      12/31/2010              13.923              15.280 114

                      12/31/2011              15.280              13.813 114

VISI 9   2.35%

                      12/31/2007              N/A              18.790 0

                      12/31/2008              18.790              10.735 223

                      12/31/2009              10.735              14.084 515

                      12/31/2010              14.084              15.480 465

                      12/31/2011              15.480              14.015 483

VISL 1   1.65%

                      12/31/2007              N/A              19.551 76

                      12/31/2008              19.551              11.248 157

                      12/31/2009              11.248              14.862 79

                      12/31/2010              14.862              16.449 129

                      12/31/2011              16.449              14.997 148

VISL 10   2.90%

                      12/31/2007              N/A              18.212 0

                      12/31/2008              18.212              10.347 23

                      12/31/2009              10.347              13.502 78

                      12/31/2010              13.502              14.758 67

                      12/31/2011              14.758              13.289 63

VISL 11   2.05%

                      12/31/2008              N/A              10.952 12

                      12/31/2009              10.952              14.412 108

                      12/31/2010              14.412              15.888 124

                      12/31/2011              15.888              14.428 96

VISL 13   3.05%

                      12/31/2009              N/A              13.347 13

                      12/31/2010              13.347              14.567 0

                      12/31/2011              14.567              13.097 0

VISL 14   2.20%

                      12/31/2009              N/A              14.247 30

                      12/31/2010              14.247              15.683 31

                      12/31/2011              15.683              14.220 34

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              19.221 42

                      12/31/2008              19.221              11.025 46

                      12/31/2009              11.025              14.524 26

                      12/31/2010              14.524              16.027 28

                      12/31/2011              16.027              14.568 38

VISL 3   2.35%

                      12/31/2007              N/A              18.790 0

                      12/31/2008              18.790              10.735 56

                      12/31/2009              10.735              14.084 187

                      12/31/2010              14.084              15.480 178

                      12/31/2011              15.480              14.015 175

VISL 4   2.65%

                      12/31/2007              N/A              18.473 0

                      12/31/2008              18.473              10.522 11

                      12/31/2009              10.522              13.764 66

                      12/31/2010              13.764              15.082 72

                      12/31/2011              15.082              13.614 78

VISL 5   2.50%

                      12/31/2007              N/A              18.630 0

                      12/31/2008              18.630              10.628 25

                      12/31/2009              10.628              13.923 159

                      12/31/2010              13.923              15.280 148

                      12/31/2011              15.280              13.813 162

VISL 6   2.80%

                      12/31/2007              N/A              18.316 0

                      12/31/2008              18.316              10.417 3

                      12/31/2009              10.417              13.606 21

                      12/31/2010              13.606              14.887 34

                      12/31/2011              14.887              13.418 33

VISL 7   2.45%

                      12/31/2007              N/A              18.683 0

                      12/31/2008              18.683              10.663 79

                      12/31/2009              10.663              13.977 155

                      12/31/2010              13.977              15.346 162

                      12/31/2011              15.346              13.880 163

VISL 8   2.75%

                      12/31/2007              N/A              18.368 0

                      12/31/2008              18.368              10.452 22

                      12/31/2009              10.452              13.658 79

                      12/31/2010              13.658              14.952 66

                      12/31/2011              14.952              13.483 63

VISL 9   2.60%

                      12/31/2007              N/A              18.525 0

                      12/31/2008              18.525              10.557 82

                      12/31/2009              10.557              13.817 155

                      12/31/2010              13.817              15.148 175

                      12/31/2011              15.148              13.680 197

AZL JPMorgan International Opportunities Fund

VISB 1   1.70%

                      12/31/2007              N/A              19.090 152

                      12/31/2008              19.090              13.407 192

                      12/31/2009              13.407              16.650 81

                      12/31/2010              16.650              17.343 77

                      12/31/2011              17.343              14.765 82

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

65

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              18.006 0

                      12/31/2008              18.006              12.488 6

                      12/31/2009              12.488              15.317 16

                      12/31/2010              15.317              15.756 10

                      12/31/2011              15.756              13.248 11

VISB 11   2.10%

                      12/31/2008              N/A              13.105 39

                      12/31/2009              13.105              16.211 115

                      12/31/2010              16.211              16.818 141

                      12/31/2011              16.818              14.261 49

VISB 13   3.10%

                      12/31/2009              N/A              15.164 0

                      12/31/2010              15.164              15.575 0

                      12/31/2011              15.575              13.076 0

VISB 14   2.25%

                      12/31/2009              N/A              16.049 49

                      12/31/2010              16.049              16.626 58

                      12/31/2011              16.626              14.077 56

VISB 2   2.00%

                      12/31/2007              N/A              18.824 48

                      12/31/2008              18.824              13.180 28

                      12/31/2009              13.180              16.320 29

                      12/31/2010              16.320              16.948 35

                      12/31/2011              16.948              14.386 33

VISB 3   2.40%

                      12/31/2007              N/A              18.475 0

                      12/31/2008              18.475              12.884 58

                      12/31/2009              12.884              15.890 196

                      12/31/2010              15.890              16.435 192

                      12/31/2011              16.435              13.895 209

VISB 4   2.70%

                      12/31/2007              N/A              18.218 0

                      12/31/2008              18.218              12.667 7

                      12/31/2009              12.667              15.574 53

                      12/31/2010              15.574              16.061 61

                      12/31/2011              16.061              13.538 59

VISB 5   2.55%

                      12/31/2007              N/A              18.346 0

                      12/31/2008              18.346              12.775 20

                      12/31/2009              12.775              15.731 117

                      12/31/2010              15.731              16.247 129

                      12/31/2011              16.247              13.715 128

VISB 6   2.85%

                      12/31/2007              N/A              18.091 0

                      12/31/2008              18.091              12.559 4

                      12/31/2009              12.559              15.419 11

                      12/31/2010              15.419              15.877 12

                      12/31/2011              15.877              13.363 11

VISB 7   2.50%

                      12/31/2007              N/A              18.389 0

                      12/31/2008              18.389              12.811 81

                      12/31/2009              12.811              15.784 184

                      12/31/2010              15.784              16.310 201

                      12/31/2011              16.310              13.775 225

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              18.133 0

                      12/31/2008              18.133              12.595 14

                      12/31/2009              12.595              15.471 55

                      12/31/2010              15.471              15.938 49

                      12/31/2011              15.938              13.421 51

VISB 9   2.65%

                      12/31/2007              N/A              18.261 0

                      12/31/2008              18.261              12.703 69

                      12/31/2009              12.703              15.626 169

                      12/31/2010              15.626              16.123 157

                      12/31/2011              16.123              13.597 165

VISC 1   2.45%

                      12/31/2008              N/A              12.848 4

                      12/31/2009              12.848              15.837 9

                      12/31/2010              15.837              16.372 13

                      12/31/2011              16.372              13.835 12

VISC 10   3.00%

                      12/31/2008              N/A              12.453 0

                      12/31/2009              12.453              15.265 1

                      12/31/2010              15.265              15.695 2

                      12/31/2011              15.695              13.190 0

VISC 11   2.30%

                      12/31/2009              N/A              15.996 5

                      12/31/2010              15.996              16.562 4

                      12/31/2011              16.562              14.016 3

VISC 12   3.15%

                      12/31/2009              N/A              15.113 0

                      12/31/2010              15.113              15.516 0

                      12/31/2011              15.516              13.020 0

VISC 13   1.75%

                      12/31/2009              N/A              16.581 1

                      12/31/2010              16.581              17.263 4

                      12/31/2011              17.263              14.689 6

VISC 14   2.05%

                      12/31/2009              N/A              16.265 0

                      12/31/2010              16.265              16.883 0

                      12/31/2011              16.883              14.323 0

VISC 2   2.75%

                      12/31/2008              N/A              12.631 0

                      12/31/2009              12.631              15.522 1

                      12/31/2010              15.522              16.000 1

                      12/31/2011              16.000              13.479 1

VISC 3   2.60%

                      12/31/2008              N/A              12.739 0

                      12/31/2009              12.739              15.679 2

                      12/31/2010              15.679              16.185 3

                      12/31/2011              16.185              13.656 3

VISC 4   2.90%

                      12/31/2008              N/A              12.524 0

                      12/31/2009              12.524              15.368 0

                      12/31/2010              15.368              15.816 0

                      12/31/2011              15.816              13.305 0

VISC 5   2.15%

                      12/31/2008              N/A              13.068 1

                      12/31/2009              13.068              16.157 9

                      12/31/2010              16.157              16.754 4

                      12/31/2011              16.754              14.200 3

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

66

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              12.775 5

                      12/31/2009              12.775              15.731 21

                      12/31/2010              15.731              16.247 16

                      12/31/2011              16.247              13.715 18

VISC 8   2.85%

                      12/31/2008              N/A              12.559 1

                      12/31/2009              12.559              15.419 7

                      12/31/2010              15.419              15.877 7

                      12/31/2011              15.877              13.363 4

VISC 9   2.70%

                      12/31/2008              N/A              12.667 10

                      12/31/2009              12.667              15.574 34

                      12/31/2010              15.574              16.061 30

                      12/31/2011              16.061              13.538 27

VISI 1   1.40%

                      12/31/2007              N/A              19.359 0

                      12/31/2008              19.359              13.637 0

                      12/31/2009              13.637              16.987 0

                      12/31/2010              16.987              17.747 0

                      12/31/2011              17.747              15.154 0

VISI 10   2.65%

                      12/31/2007              N/A              18.261 0

                      12/31/2008              18.261              12.703 24

                      12/31/2009              12.703              15.626 73

                      12/31/2010              15.626              16.123 56

                      12/31/2011              16.123              13.597 58

VISI 11   1.80%

                      12/31/2008              N/A              13.331 95

                      12/31/2009              13.331              16.539 304

                      12/31/2010              16.539              17.210 317

                      12/31/2011              17.210              14.637 283

VISI 13   1.95%

                      12/31/2009              N/A              16.374 140

                      12/31/2010              16.374              17.013 152

                      12/31/2011              17.013              14.448 164

VISI 14   2.80%

                      12/31/2009              N/A              15.471 0

                      12/31/2010              15.471              15.938 0

                      12/31/2011              15.938              13.421 0

VISI 2   1.70%

                      12/31/2007              N/A              19.090 60

                      12/31/2008              19.090              13.407 83

                      12/31/2009              13.407              16.650 34

                      12/31/2010              16.650              17.343 55

                      12/31/2011              17.343              14.765 65

VISI 3   2.10%

                      12/31/2007              N/A              18.736 0

                      12/31/2008              18.736              13.105 168

                      12/31/2009              13.105              16.211 427

                      12/31/2010              16.211              16.818 464

                      12/31/2011              16.818              14.261 374

VISI 4   2.40%

                      12/31/2007              N/A              18.475 0

                      12/31/2008              18.475              12.884 24

                      12/31/2009              12.884              15.890 53

                      12/31/2010              15.890              16.435 53

                      12/31/2011              16.435              13.895 57

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              18.605 0

                      12/31/2008              18.605              12.994 159

                      12/31/2009              12.994              16.049 317

                      12/31/2010              16.049              16.626 357

                      12/31/2011              16.626              14.077 361

VISI 6   2.55%

                      12/31/2007              N/A              18.346 0

                      12/31/2008              18.346              12.775 12

                      12/31/2009              12.775              15.731 34

                      12/31/2010              15.731              16.247 27

                      12/31/2011              16.247              13.715 31

VISI 7   2.20%

                      12/31/2007              N/A              18.649 0

                      12/31/2008              18.649              13.031 175

                      12/31/2009              13.031              16.103 432

                      12/31/2010              16.103              16.690 446

                      12/31/2011              16.690              14.138 448

VISI 8   2.50%

                      12/31/2007              N/A              18.389 0

                      12/31/2008              18.389              12.811 44

                      12/31/2009              12.811              15.784 96

                      12/31/2010              15.784              16.310 96

                      12/31/2011              16.310              13.775 104

VISI 9   2.35%

                      12/31/2007              N/A              18.519 0

                      12/31/2008              18.519              12.921 179

                      12/31/2009              12.921              15.943 415

                      12/31/2010              15.943              16.499 360

                      12/31/2011              16.499              13.955 342

VISL 1   1.65%

                      12/31/2007              N/A              19.135 86

                      12/31/2008              19.135              13.445 84

                      12/31/2009              13.445              16.706 20

                      12/31/2010              16.706              17.410 51

                      12/31/2011              17.410              14.829 71

VISL 10   2.90%

                      12/31/2007              N/A              18.049 0

                      12/31/2008              18.049              12.524 27

                      12/31/2009              12.524              15.368 56

                      12/31/2010              15.368              15.816 49

                      12/31/2011              15.816              13.305 44

VISL 11   2.05%

                      12/31/2008              N/A              13.143 18

                      12/31/2009              13.143              16.265 125

                      12/31/2010              16.265              16.883 141

                      12/31/2011              16.883              14.323 146

VISL 13   3.05%

                      12/31/2009              N/A              15.215 6

                      12/31/2010              15.215              15.635 0

                      12/31/2011              15.635              13.133 0

VISL 14   2.20%

                      12/31/2009              N/A              16.103 21

                      12/31/2010              16.103              16.690 27

                      12/31/2011              16.690              14.138 32

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

67

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              18.868 48

                      12/31/2008              18.868              13.218 60

                      12/31/2009              13.218              16.374 16

                      12/31/2010              16.374              17.013 19

                      12/31/2011              17.013              14.448 24

VISL 3   2.35%

                      12/31/2007              N/A              18.519 0

                      12/31/2008              18.519              12.921 51

                      12/31/2009              12.921              15.943 132

                      12/31/2010              15.943              16.499 137

                      12/31/2011              16.499              13.955 133

VISL 4   2.65%

                      12/31/2007              N/A              18.261 0

                      12/31/2008              18.261              12.703 8

                      12/31/2009              12.703              15.626 22

                      12/31/2010              15.626              16.123 25

                      12/31/2011              16.123              13.597 30

VISL 5   2.50%

                      12/31/2007              N/A              18.389 0

                      12/31/2008              18.389              12.811 48

                      12/31/2009              12.811              15.784 141

                      12/31/2010              15.784              16.310 137

                      12/31/2011              16.310              13.775 157

VISL 6   2.80%

                      12/31/2007              N/A              18.133 0

                      12/31/2008              18.133              12.595 7

                      12/31/2009              12.595              15.471 42

                      12/31/2010              15.471              15.938 43

                      12/31/2011              15.938              13.421 43

VISL 7   2.45%

                      12/31/2007              N/A              18.432 0

                      12/31/2008              18.432              12.848 99

                      12/31/2009              12.848              15.837 179

                      12/31/2010              15.837              16.372 185

                      12/31/2011              16.372              13.835 161

VISL 8   2.75%

                      12/31/2007              N/A              18.176 0

                      12/31/2008              18.176              12.631 16

                      12/31/2009              12.631              15.522 34

                      12/31/2010              15.522              16.000 27

                      12/31/2011              16.000              13.479 23

VISL 9   2.60%

                      12/31/2007              N/A              18.303 0

                      12/31/2008              18.303              12.739 58

                      12/31/2009              12.739              15.679 142

                      12/31/2010              15.679              16.185 192

                      12/31/2011              16.185              13.656 133

AZL JPMorgan U.S. Equity Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.798 99

                      12/31/2008              12.798              7.715 96

                      12/31/2009              7.715              10.142 24

                      12/31/2010              10.142              11.264 73

                      12/31/2011              11.264              10.831 84

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              12.224 0

                      12/31/2008              12.224              7.277 17

                      12/31/2009              7.277              9.447 33

                      12/31/2010              9.447              10.362 27

                      12/31/2011              10.362              9.841 29

VISB 11   2.10%

                      12/31/2008              N/A              7.572 6

                      12/31/2009              7.572              9.914 11

                      12/31/2010              9.914              10.967 12

                      12/31/2011              10.967              10.504 10

VISB 13   3.10%

                      12/31/2009              N/A              9.368 0

                      12/31/2010              9.368              10.259 0

                      12/31/2011              10.259              9.729 0

VISB 14   2.25%

                      12/31/2009              N/A              9.830 8

                      12/31/2010              9.830              10.858 8

                      12/31/2011              10.858              10.384 8

VISB 2   2.00%

                      12/31/2007              N/A              12.657 18

                      12/31/2008              12.657              7.607 23

                      12/31/2009              7.607              9.971 8

                      12/31/2010              9.971              11.041 21

                      12/31/2011              11.041              10.585 17

VISB 3   2.40%

                      12/31/2007              N/A              12.473 0

                      12/31/2008              12.473              7.467 28

                      12/31/2009              7.467              9.747 139

                      12/31/2010              9.747              10.750 160

                      12/31/2011              10.750              10.265 142

VISB 4   2.70%

                      12/31/2007              N/A              12.336 0

                      12/31/2008              12.336              7.363 3

                      12/31/2009              7.363              9.582 19

                      12/31/2010              9.582              10.537 16

                      12/31/2011              10.537              10.031 23

VISB 5   2.55%

                      12/31/2007              N/A              12.404 0

                      12/31/2008              12.404              7.414 38

                      12/31/2009              7.414              9.664 98

                      12/31/2010              9.664              10.643 92

                      12/31/2011              10.643              10.147 83

VISB 6   2.85%

                      12/31/2007              N/A              12.268 0

                      12/31/2008              12.268              7.311 1

                      12/31/2009              7.311              9.501 5

                      12/31/2010              9.501              10.432 4

                      12/31/2011              10.432              9.917 4

VISB 7   2.50%

                      12/31/2007              N/A              12.427 0

                      12/31/2008              12.427              7.432 57

                      12/31/2009              7.432              9.692 92

                      12/31/2010              9.692              10.678 97

                      12/31/2011              10.678              10.186 101

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

68

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              12.291 0

                      12/31/2008              12.291              7.328 33

                      12/31/2009              7.328              9.528 52

                      12/31/2010              9.528              10.467 49

                      12/31/2011              10.467              9.955 58

VISB 9   2.65%

                      12/31/2007              N/A              12.359 0

                      12/31/2008              12.359              7.380 25

                      12/31/2009              7.380              9.610 78

                      12/31/2010              9.610              10.572 70

                      12/31/2011              10.572              10.070 66

VISC 1   2.45%

                      12/31/2008              N/A              7.449 0

                      12/31/2009              7.449              9.719 3

                      12/31/2010              9.719              10.714 4

                      12/31/2011              10.714              10.226 2

VISC 10   3.00%

                      12/31/2008              N/A              7.261 0

                      12/31/2009              7.261              9.422 0

                      12/31/2010              9.422              10.329 0

                      12/31/2011              10.329              9.804 0

VISC 11   2.30%

                      12/31/2009              N/A              9.802 0

                      12/31/2010              9.802              10.822 0

                      12/31/2011              10.822              10.344 0

VISC 12   3.15%

                      12/31/2009              N/A              9.341 0

                      12/31/2010              9.341              10.225 0

                      12/31/2011              10.225              9.691 0

VISC 13   1.75%

                      12/31/2009              N/A              10.105 0

                      12/31/2010              10.105              11.217 1

                      12/31/2011              11.217              10.781 2

VISC 14   2.05%

                      12/31/2009              N/A              9.943 0

                      12/31/2010              9.943              11.004 0

                      12/31/2011              11.004              10.545 0

VISC 2   2.75%

                      12/31/2008              N/A              7.345 0

                      12/31/2009              7.345              9.555 0

                      12/31/2010              9.555              10.502 0

                      12/31/2011              10.502              9.993 0

VISC 3   2.60%

                      12/31/2008              N/A              7.397 1

                      12/31/2009              7.397              9.637 0

                      12/31/2010              9.637              10.607 1

                      12/31/2011              10.607              10.109 1

VISC 4   2.90%

                      12/31/2008              N/A              7.294 0

                      12/31/2009              7.294              9.474 0

                      12/31/2010              9.474              10.397 0

                      12/31/2011              10.397              9.879 0

VISC 5   2.15%

                      12/31/2008              N/A              7.555 0

                      12/31/2009              7.555              9.887 14

                      12/31/2010              9.887              10.931 11

                      12/31/2011              10.931              10.464 8

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              7.414 1

                      12/31/2009              7.414              9.664 2

                      12/31/2010              9.664              10.643 2

                      12/31/2011              10.643              10.147 4

VISC 8   2.85%

                      12/31/2008              N/A              7.311 2

                      12/31/2009              7.311              9.501 1

                      12/31/2010              9.501              10.432 1

                      12/31/2011              10.432              9.917 1

VISC 9   2.70%

                      12/31/2008              N/A              7.363 1

                      12/31/2009              7.363              9.582 8

                      12/31/2010              9.582              10.537 7

                      12/31/2011              10.537              10.031 5

VISI 1   1.40%

                      12/31/2007              N/A              12.939 0

                      12/31/2008              12.939              7.824 0

                      12/31/2009              7.824              10.316 0

                      12/31/2010              10.316              11.492 0

                      12/31/2011              11.492              11.083 0

VISI 10   2.65%

                      12/31/2007              N/A              12.359 0

                      12/31/2008              12.359              7.380 15

                      12/31/2009              7.380              9.610 33

                      12/31/2010              9.610              10.572 31

                      12/31/2011              10.572              10.070 34

VISI 11   1.80%

                      12/31/2008              N/A              7.679 30

                      12/31/2009              7.679              10.085 168

                      12/31/2010              10.085              11.189 184

                      12/31/2011              11.189              10.749 178

VISI 13   1.95%

                      12/31/2009              N/A              9.999 38

                      12/31/2010              9.999              11.078 40

                      12/31/2011              11.078              10.626 38

VISI 14   2.80%

                      12/31/2009              N/A              9.528 0

                      12/31/2010              9.528              10.467 0

                      12/31/2011              10.467              9.955 0

VISI 2   1.70%

                      12/31/2007              N/A              12.798 14

                      12/31/2008              12.798              7.715 13

                      12/31/2009              7.715              10.142 20

                      12/31/2010              10.142              11.264 57

                      12/31/2011              11.264              10.831 66

VISI 3   2.10%

                      12/31/2007              N/A              12.611 0

                      12/31/2008              12.611              7.572 104

                      12/31/2009              7.572              9.914 214

                      12/31/2010              9.914              10.967 206

                      12/31/2011              10.967              10.504 189

VISI 4   2.40%

                      12/31/2007              N/A              12.473 0

                      12/31/2008              12.473              7.467 20

                      12/31/2009              7.467              9.747 47

                      12/31/2010              9.747              10.750 43

                      12/31/2011              10.750              10.265 43

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

69

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              12.542 0

                      12/31/2008              12.542              7.519 24

                      12/31/2009              7.519              9.830 137

                      12/31/2010              9.830              10.858 151

                      12/31/2011              10.858              10.384 133

VISI 6   2.55%

                      12/31/2007              N/A              12.404 0

                      12/31/2008              12.404              7.414 1

                      12/31/2009              7.414              9.664 16

                      12/31/2010              9.664              10.643 19

                      12/31/2011              10.643              10.147 16

VISI 7   2.20%

                      12/31/2007              N/A              12.565 0

                      12/31/2008              12.565              7.537 95

                      12/31/2009              7.537              9.858 238

                      12/31/2010              9.858              10.894 256

                      12/31/2011              10.894              10.424 236

VISI 8   2.50%

                      12/31/2007              N/A              12.427 0

                      12/31/2008              12.427              7.432 29

                      12/31/2009              7.432              9.692 76

                      12/31/2010              9.692              10.678 67

                      12/31/2011              10.678              10.186 69

VISI 9   2.35%

                      12/31/2007              N/A              12.496 0

                      12/31/2008              12.496              7.484 48

                      12/31/2009              7.484              9.775 238

                      12/31/2010              9.775              10.786 222

                      12/31/2011              10.786              10.304 201

VISL 1   1.65%

                      12/31/2007              N/A              12.821 43

                      12/31/2008              12.821              7.733 63

                      12/31/2009              7.733              10.171 19

                      12/31/2010              10.171              11.302 85

                      12/31/2011              11.302              10.873 128

VISL 10   2.90%

                      12/31/2007              N/A              12.246 0

                      12/31/2008              12.246              7.294 4

                      12/31/2009              7.294              9.474 19

                      12/31/2010              9.474              10.397 15

                      12/31/2011              10.397              9.879 15

VISL 11   2.05%

                      12/31/2008              N/A              7.590 7

                      12/31/2009              7.590              9.943 49

                      12/31/2010              9.943              11.004 51

                      12/31/2011              11.004              10.545 50

VISL 13   3.05%

                      12/31/2009              N/A              9.394 2

                      12/31/2010              9.394              10.294 0

                      12/31/2011              10.294              9.766 0

VISL 14   2.20%

                      12/31/2009              N/A              9.858 21

                      12/31/2010              9.858              10.894 37

                      12/31/2011              10.894              10.424 31

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              12.681 11

                      12/31/2008              12.681              7.625 22

                      12/31/2009              7.625              9.999 14

                      12/31/2010              9.999              11.078 17

                      12/31/2011              11.078              10.626 43

VISL 3   2.35%

                      12/31/2007              N/A              12.496 0

                      12/31/2008              12.496              7.484 31

                      12/31/2009              7.484              9.775 117

                      12/31/2010              9.775              10.786 106

                      12/31/2011              10.786              10.304 97

VISL 4   2.65%

                      12/31/2007              N/A              12.359 0

                      12/31/2008              12.359              7.380 0

                      12/31/2009              7.380              9.610 14

                      12/31/2010              9.610              10.572 39

                      12/31/2011              10.572              10.070 39

VISL 5   2.50%

                      12/31/2007              N/A              12.427 0

                      12/31/2008              12.427              7.432 9

                      12/31/2009              7.432              9.692 70

                      12/31/2010              9.692              10.678 59

                      12/31/2011              10.678              10.186 67

VISL 6   2.80%

                      12/31/2007              N/A              12.291 0

                      12/31/2008              12.291              7.328 0

                      12/31/2009              7.328              9.528 5

                      12/31/2010              9.528              10.467 11

                      12/31/2011              10.467              9.955 10

VISL 7   2.45%

                      12/31/2007              N/A              12.450 0

                      12/31/2008              12.450              7.449 33

                      12/31/2009              7.449              9.719 78

                      12/31/2010              9.719              10.714 79

                      12/31/2011              10.714              10.226 82

VISL 8   2.75%

                      12/31/2007              N/A              12.314 0

                      12/31/2008              12.314              7.345 10

                      12/31/2009              7.345              9.555 28

                      12/31/2010              9.555              10.502 15

                      12/31/2011              10.502              9.993 14

VISL 9   2.60%

                      12/31/2007              N/A              12.382 0

                      12/31/2008              12.382              7.397 58

                      12/31/2009              7.397              9.637 91

                      12/31/2010              9.637              10.607 85

                      12/31/2011              10.607              10.109 97

AZL MFS Investors Trust Fund

VISB 1   1.70%

                      12/31/2007              N/A              14.752 111

                      12/31/2008              14.752              8.686 198

                      12/31/2009              8.686              12.964 73

                      12/31/2010              12.964              14.148 70

                      12/31/2011              14.148              13.602 76

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

70

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              14.267 0

                      12/31/2008              14.267              8.296 36

                      12/31/2009              8.296              12.227 77

                      12/31/2010              12.227              13.179 39

                      12/31/2011              13.179              12.514 35

VISB 11   2.10%

                      12/31/2008              N/A              8.559 12

                      12/31/2009              8.559              12.723 39

                      12/31/2010              12.723              13.831 37

                      12/31/2011              13.831              13.244 13

VISB 13   3.10%

                      12/31/2009              N/A              12.142 0

                      12/31/2010              12.142              13.068 0

                      12/31/2011              13.068              12.389 0

VISB 14   2.25%

                      12/31/2009              N/A              12.634 65

                      12/31/2010              12.634              13.713 70

                      12/31/2011              13.713              13.112 68

VISB 2   2.00%

                      12/31/2007              N/A              14.634 41

                      12/31/2008              14.634              8.591 73

                      12/31/2009              8.591              12.783 72

                      12/31/2010              12.783              13.909 76

                      12/31/2011              13.909              13.333 20

VISB 3   2.40%

                      12/31/2007              N/A              14.479 0

                      12/31/2008              14.479              8.465 84

                      12/31/2009              8.465              12.546 203

                      12/31/2010              12.546              13.597 163

                      12/31/2011              13.597              12.981 148

VISB 4   2.70%

                      12/31/2007              N/A              14.363 0

                      12/31/2008              14.363              8.372 18

                      12/31/2009              8.372              12.371 64

                      12/31/2010              12.371              13.368 17

                      12/31/2011              13.368              12.724 16

VISB 5   2.55%

                      12/31/2007              N/A              14.421 0

                      12/31/2008              14.421              8.419 66

                      12/31/2009              8.419              12.458 151

                      12/31/2010              12.458              13.482 118

                      12/31/2011              13.482              12.852 98

VISB 6   2.85%

                      12/31/2007              N/A              14.305 0

                      12/31/2008              14.305              8.326 6

                      12/31/2009              8.326              12.285 24

                      12/31/2010              12.285              13.254 21

                      12/31/2011              13.254              12.597 19

VISB 7   2.50%

                      12/31/2007              N/A              14.440 0

                      12/31/2008              14.440              8.434 146

                      12/31/2009              8.434              12.487 226

                      12/31/2010              12.487              13.520 194

                      12/31/2011              13.520              12.895 169

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              14.325 0

                      12/31/2008              14.325              8.342 79

                      12/31/2009              8.342              12.313 99

                      12/31/2010              12.313              13.292 50

                      12/31/2011              13.292              12.639 47

VISB 9   2.65%

                      12/31/2007              N/A              14.382 0

                      12/31/2008              14.382              8.388 96

                      12/31/2009              8.388              12.400 198

                      12/31/2010              12.400              13.406 131

                      12/31/2011              13.406              12.767 119

VISC 1   2.45%

                      12/31/2008              N/A              8.450 7

                      12/31/2009              8.450              12.517 8

                      12/31/2010              12.517              13.559 14

                      12/31/2011              13.559              12.938 9

VISC 10   3.00%

                      12/31/2008              N/A              8.281 1

                      12/31/2009              8.281              12.200 2

                      12/31/2010              12.200              13.143 7

                      12/31/2011              13.143              12.473 0

VISC 11   2.30%

                      12/31/2009              N/A              12.605 9

                      12/31/2010              12.605              13.674 8

                      12/31/2011              13.674              13.068 7

VISC 12   3.15%

                      12/31/2009              N/A              12.114 2

                      12/31/2010              12.114              13.031 0

                      12/31/2011              13.031              12.348 0

VISC 13   1.75%

                      12/31/2009              N/A              12.933 4

                      12/31/2010              12.933              14.108 3

                      12/31/2011              14.108              13.557 5

VISC 14   2.05%

                      12/31/2009              N/A              12.754 0

                      12/31/2010              12.754              13.871 0

                      12/31/2011              13.871              13.289 0

VISC 2   2.75%

                      12/31/2008              N/A              8.357 0

                      12/31/2009              8.357              12.342 0

                      12/31/2010              12.342              13.330 0

                      12/31/2011              13.330              12.682 0

VISC 3   2.60%

                      12/31/2008              N/A              8.403 1

                      12/31/2009              8.403              12.429 3

                      12/31/2010              12.429              13.444 31

                      12/31/2011              13.444              12.809 22

VISC 4   2.90%

                      12/31/2008              N/A              8.311 0

                      12/31/2009              8.311              12.256 0

                      12/31/2010              12.256              13.217 0

                      12/31/2011              13.217              12.555 0

VISC 5   2.15%

                      12/31/2008              N/A              8.544 3

                      12/31/2009              8.544              12.694 11

                      12/31/2010              12.694              13.792 33

                      12/31/2011              13.792              13.200 31

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

71

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              8.419 3

                      12/31/2009              8.419              12.458 29

                      12/31/2010              12.458              13.482 21

                      12/31/2011              13.482              12.852 19

VISC 8   2.85%

                      12/31/2008              N/A              8.326 3

                      12/31/2009              8.326              12.285 3

                      12/31/2010              12.285              13.254 2

                      12/31/2011              13.254              12.597 2

VISC 9   2.70%

                      12/31/2008              N/A              8.372 14

                      12/31/2009              8.372              12.371 39

                      12/31/2010              12.371              13.368 32

                      12/31/2011              13.368              12.724 25

VISI 1   1.40%

                      12/31/2007              N/A              14.871 0

                      12/31/2008              14.871              8.782 0

                      12/31/2009              8.782              13.147 0

                      12/31/2010              13.147              14.391 0

                      12/31/2011              14.391              13.877 0

VISI 10   2.65%

                      12/31/2007              N/A              14.382 0

                      12/31/2008              14.382              8.388 25

                      12/31/2009              8.388              12.400 64

                      12/31/2010              12.400              13.406 54

                      12/31/2011              13.406              12.767 51

VISI 11   1.80%

                      12/31/2008              N/A              8.654 210

                      12/31/2009              8.654              12.903 420

                      12/31/2010              12.903              14.069 365

                      12/31/2011              14.069              13.512 326

VISI 13   1.95%

                      12/31/2009              N/A              12.813 133

                      12/31/2010              12.813              13.949 132

                      12/31/2011              13.949              13.377 119

VISI 14   2.80%

                      12/31/2009              N/A              12.313 0

                      12/31/2010              12.313              13.292 0

                      12/31/2011              13.292              12.639 0

VISI 2   1.70%

                      12/31/2007              N/A              14.752 42

                      12/31/2008              14.752              8.686 91

                      12/31/2009              8.686              12.964 67

                      12/31/2010              12.964              14.148 108

                      12/31/2011              14.148              13.602 115

VISI 3   2.10%

                      12/31/2007              N/A              14.595 0

                      12/31/2008              14.595              8.559 298

                      12/31/2009              8.559              12.723 436

                      12/31/2010              12.723              13.831 394

                      12/31/2011              13.831              13.244 360

VISI 4   2.40%

                      12/31/2007              N/A              14.479 0

                      12/31/2008              14.479              8.465 36

                      12/31/2009              8.465              12.546 55

                      12/31/2010              12.546              13.597 48

                      12/31/2011              13.597              12.981 52

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              14.537 0

                      12/31/2008              14.537              8.512 175

                      12/31/2009              8.512              12.634 318

                      12/31/2010              12.634              13.713 320

                      12/31/2011              13.713              13.112 303

VISI 6   2.55%

                      12/31/2007              N/A              14.421 0

                      12/31/2008              14.421              8.419 19

                      12/31/2009              8.419              12.458 26

                      12/31/2010              12.458              13.482 25

                      12/31/2011              13.482              12.852 16

VISI 7   2.20%

                      12/31/2007              N/A              14.556 0

                      12/31/2008              14.556              8.528 357

                      12/31/2009              8.528              12.664 526

                      12/31/2010              12.664              13.752 547

                      12/31/2011              13.752              13.156 502

VISI 8   2.50%

                      12/31/2007              N/A              14.440 0

                      12/31/2008              14.440              8.434 92

                      12/31/2009              8.434              12.487 146

                      12/31/2010              12.487              13.520 123

                      12/31/2011              13.520              12.895 122

VISI 9   2.35%

                      12/31/2007              N/A              14.498 0

                      12/31/2008              14.498              8.481 436

                      12/31/2009              8.481              12.575 704

                      12/31/2010              12.575              13.636 629

                      12/31/2011              13.636              13.025 529

VISL 1   1.65%

                      12/31/2007              N/A              14.772 64

                      12/31/2008              14.772              8.702 104

                      12/31/2009              8.702              12.994 48

                      12/31/2010              12.994              14.189 77

                      12/31/2011              14.189              13.648 95

VISL 10   2.90%

                      12/31/2007              N/A              14.286 0

                      12/31/2008              14.286              8.311 37

                      12/31/2009              8.311              12.256 65

                      12/31/2010              12.256              13.217 53

                      12/31/2011              13.217              12.555 42

VISL 11   2.05%

                      12/31/2008              N/A              8.575 86

                      12/31/2009              8.575              12.754 226

                      12/31/2010              12.754              13.871 173

                      12/31/2011              13.871              13.289 134

VISL 13   3.05%

                      12/31/2009              N/A              12.171 10

                      12/31/2010              12.171              13.105 0

                      12/31/2011              13.105              12.431 0

VISL 14   2.20%

                      12/31/2009              N/A              12.664 55

                      12/31/2010              12.664              13.752 43

                      12/31/2011              13.752              13.156 38

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

72

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              14.654 20

                      12/31/2008              14.654              8.607 34

                      12/31/2009              8.607              12.813 9

                      12/31/2010              12.813              13.949 23

                      12/31/2011              13.949              13.377 28

VISL 3   2.35%

                      12/31/2007              N/A              14.498 0

                      12/31/2008              14.498              8.481 92

                      12/31/2009              8.481              12.575 161

                      12/31/2010              12.575              13.636 153

                      12/31/2011              13.636              13.025 136

VISL 4   2.65%

                      12/31/2007              N/A              14.382 0

                      12/31/2008              14.382              8.388 8

                      12/31/2009              8.388              12.400 22

                      12/31/2010              12.400              13.406 28

                      12/31/2011              13.406              12.767 22

VISL 5   2.50%

                      12/31/2007              N/A              14.440 0

                      12/31/2008              14.440              8.434 59

                      12/31/2009              8.434              12.487 145

                      12/31/2010              12.487              13.520 157

                      12/31/2011              13.520              12.895 142

VISL 6   2.80%

                      12/31/2007              N/A              14.325 0

                      12/31/2008              14.325              8.342 9

                      12/31/2009              8.342              12.313 27

                      12/31/2010              12.313              13.292 15

                      12/31/2011              13.292              12.639 18

VISL 7   2.45%

                      12/31/2007              N/A              14.459 0

                      12/31/2008              14.459              8.450 147

                      12/31/2009              8.450              12.517 209

                      12/31/2010              12.517              13.559 151

                      12/31/2011              13.559              12.938 138

VISL 8   2.75%

                      12/31/2007              N/A              14.344 0

                      12/31/2008              14.344              8.357 44

                      12/31/2009              8.357              12.342 71

                      12/31/2010              12.342              13.330 44

                      12/31/2011              13.330              12.682 42

VISL 9   2.60%

                      12/31/2007              N/A              14.401 0

                      12/31/2008              14.401              8.403 157

                      12/31/2009              8.403              12.429 262

                      12/31/2010              12.429              13.444 186

                      12/31/2011              13.444              12.809 167

AZL Mid Cap Index Fund

VISB 1   1.70%

                      12/31/2010              N/A              10.649 84

                      12/31/2011              10.649              10.227 94

VISB 10   2.95%

                      12/31/2010              N/A              10.560 5

                      12/31/2011              10.560              10.016 5

VISB 11   2.10%

                      12/31/2010              N/A              10.620 17

                      12/31/2011              10.620              10.159 22

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 13   3.10%

                      12/31/2010              N/A              10.549 0

                      12/31/2011              10.549              9.990 0

VISB 14   2.25%

                      12/31/2010              N/A              10.609 18

                      12/31/2011              10.609              10.133 14

VISB 2   2.00%

                      12/31/2010              N/A              10.627 11

                      12/31/2011              10.627              10.176 21

VISB 3   2.40%

                      12/31/2010              N/A              10.599 74

                      12/31/2011              10.599              10.108 66

VISB 4   2.70%

                      12/31/2010              N/A              10.577 10

                      12/31/2011              10.577              10.057 13

VISB 5   2.55%

                      12/31/2010              N/A              10.588 97

                      12/31/2011              10.588              10.083 93

VISB 6   2.85%

                      12/31/2010              N/A              10.567 4

                      12/31/2011              10.567              10.032 3

VISB 7   2.50%

                      12/31/2010              N/A              10.592 94

                      12/31/2011              10.592              10.091 97

VISB 8   2.80%

                      12/31/2010              N/A              10.570 17

                      12/31/2011              10.570              10.041 14

VISB 9   2.65%

                      12/31/2010              N/A              10.581 48

                      12/31/2011              10.581              10.066 38

VISC 1   2.45%

                      12/31/2010              N/A              10.595 3

                      12/31/2011              10.595              10.100 3

VISC 10   3.00%

                      12/31/2010              N/A              10.556 0

                      12/31/2011              10.556              10.007 0

VISC 11   2.30%

                      12/31/2010              N/A              10.606 0

                      12/31/2011              10.606              10.125 0

VISC 12   3.15%

                      12/31/2010              N/A              10.545 0

                      12/31/2011              10.545              9.982 0

VISC 13   1.75%

                      12/31/2010              N/A              10.645 1

                      12/31/2011              10.645              10.218 9

VISC 14   2.05%

                      12/31/2010              N/A              10.624 0

                      12/31/2011              10.624              10.167 0

VISC 2   2.75%

                      12/31/2010              N/A              10.574 0

                      12/31/2011              10.574              10.049 0

VISC 3   2.60%

                      12/31/2010              N/A              10.584 1

                      12/31/2011              10.584              10.074 4

VISC 4   2.90%

                      12/31/2010              N/A              10.563 0

                      12/31/2011              10.563              10.024 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

73

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 5   2.15%

                      12/31/2010              N/A              10.617 1

                      12/31/2011              10.617              10.150 1

VISC 7   2.55%

                      12/31/2010              N/A              10.588 5

                      12/31/2011              10.588              10.083 4

VISC 8   2.85%

                      12/31/2010              N/A              10.567 3

                      12/31/2011              10.567              10.032 0

VISC 9   2.70%

                      12/31/2010              N/A              10.577 8

                      12/31/2011              10.577              10.057 6

VISI 1   1.40%

                      12/31/2010              N/A              10.670 0

                      12/31/2011              10.670              10.278 0

VISI 10   2.65%

                      12/31/2010              N/A              10.581 27

                      12/31/2011              10.581              10.066 24

VISI 11   1.80%

                      12/31/2010              N/A              10.642 378

                      12/31/2011              10.642              10.210 296

VISI 13   1.95%

                      12/31/2010              N/A              10.631 110

                      12/31/2011              10.631              10.184 99

VISI 14   2.80%

                      12/31/2010              N/A              10.570 0

                      12/31/2011              10.570              10.041 0

VISI 2   1.70%

                      12/31/2010              N/A              10.649 116

                      12/31/2011              10.649              10.227 135

VISI 3   2.10%

                      12/31/2010              N/A              10.620 168

                      12/31/2011              10.620              10.159 152

VISI 4   2.40%

                      12/31/2010              N/A              10.599 27

                      12/31/2011              10.599              10.108 26

VISI 5   2.25%

                      12/31/2010              N/A              10.609 126

                      12/31/2011              10.609              10.133 116

VISI 6   2.55%

                      12/31/2010              N/A              10.588 11

                      12/31/2011              10.588              10.083 10

VISI 7   2.20%

                      12/31/2010              N/A              10.613 222

                      12/31/2011              10.613              10.142 214

VISI 8   2.50%

                      12/31/2010              N/A              10.592 51

                      12/31/2011              10.592              10.091 49

VISI 9   2.35%

                      12/31/2010              N/A              10.602 224

                      12/31/2011              10.602              10.117 258

VISL 1   1.65%

                      12/31/2010              N/A              10.652 98

                      12/31/2011              10.652              10.236 181

VISL 10   2.90%

                      12/31/2010              N/A              10.563 16

                      12/31/2011              10.563              10.024 16

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 11   2.05%

                      12/31/2010              N/A              10.624 79

                      12/31/2011              10.624              10.167 141

VISL 13   3.05%

                      12/31/2010              N/A              10.552 0

                      12/31/2011              10.552              9.999 0

VISL 14   2.20%

                      12/31/2010              N/A              10.613 23

                      12/31/2011              10.613              10.142 26

VISL 2   1.95%

                      12/31/2010              N/A              10.631 17

                      12/31/2011              10.631              10.184 41

VISL 3   2.35%

                      12/31/2010              N/A              10.602 62

                      12/31/2011              10.602              10.117 59

VISL 4   2.65%

                      12/31/2010              N/A              10.581 18

                      12/31/2011              10.581              10.066 18

VISL 5   2.50%

                      12/31/2010              N/A              10.592 37

                      12/31/2011              10.592              10.091 37

VISL 6   2.80%

                      12/31/2010              N/A              10.570 5

                      12/31/2011              10.570              10.041 5

VISL 7   2.45%

                      12/31/2010              N/A              10.595 74

                      12/31/2011              10.595              10.100 84

VISL 8   2.75%

                      12/31/2010              N/A              10.574 24

                      12/31/2011              10.574              10.049 24

VISL 9   2.60%

                      12/31/2010              N/A              10.584 90

                      12/31/2011              10.584              10.074 97

AZL Money Market Fund

VISB 1   1.70%

                      12/31/2007              N/A              10.864 616

                      12/31/2008              10.864              10.941 765

                      12/31/2009              10.941              10.780 495

                      12/31/2010              10.780              10.599 1013

                      12/31/2011              10.599              10.421 1112

VISB 10   2.95%

                      12/31/2007              N/A              9.840 0

                      12/31/2008              9.840              9.786 622

                      12/31/2009              9.786              9.522 214

                      12/31/2010              9.522              9.246 131

                      12/31/2011              9.246              8.978 321

VISB 11   2.10%

                      12/31/2008              N/A              10.557 102

                      12/31/2009              10.557              10.361 314

                      12/31/2010              10.361              10.146 337

                      12/31/2011              10.146              9.936 287

VISB 13   3.10%

                      12/31/2009              N/A              9.382 135

                      12/31/2010              9.382              9.096 193

                      12/31/2011              9.096              8.819 225

VISB 14   2.25%

                      12/31/2009              N/A              10.208 139

                      12/31/2010              10.208              9.981 106

                      12/31/2011              9.981              9.760 83

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

74

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2007              N/A              10.609 768

                      12/31/2008              10.609              10.652 940

                      12/31/2009              10.652              10.464 236

                      12/31/2010              10.464              10.258 420

                      12/31/2011              10.258              10.055 438

VISB 3   2.40%

                      12/31/2007              N/A              10.278 0

                      12/31/2008              10.278              10.279 570

                      12/31/2009              10.279              10.057 895

                      12/31/2010              10.057              9.819 651

                      12/31/2011              9.819              9.587 1885

VISB 4   2.70%

                      12/31/2007              N/A              10.036 0

                      12/31/2008              10.036              10.007 426

                      12/31/2009              10.007              9.762 384

                      12/31/2010              9.762              9.502 262

                      12/31/2011              9.502              9.250 131

VISB 5   2.55%

                      12/31/2007              N/A              10.156 0

                      12/31/2008              10.156              10.142 416

                      12/31/2009              10.142              9.908 380

                      12/31/2010              9.908              9.659 495

                      12/31/2011              9.659              9.417 442

VISB 6   2.85%

                      12/31/2007              N/A              9.918 0

                      12/31/2008              9.918              9.874 36

                      12/31/2009              9.874              9.617 97

                      12/31/2010              9.617              9.348 88

                      12/31/2011              9.348              9.086 83

VISB 7   2.50%

                      12/31/2007              N/A              10.197 0

                      12/31/2008              10.197              10.187 775

                      12/31/2009              10.187              9.957 517

                      12/31/2010              9.957              9.712 495

                      12/31/2011              9.712              9.473 559

VISB 8   2.80%

                      12/31/2007              N/A              9.957 0

                      12/31/2008              9.957              9.918 667

                      12/31/2009              9.918              9.665 695

                      12/31/2010              9.665              9.399 536

                      12/31/2011              9.399              9.140 369

VISB 9   2.65%

                      12/31/2007              N/A              10.076 0

                      12/31/2008              10.076              10.052 611

                      12/31/2009              10.052              9.810 750

                      12/31/2010              9.810              9.554 1060

                      12/31/2011              9.554              9.305 1121

VISC 1   2.45%

                      12/31/2008              N/A              10.233 51

                      12/31/2009              10.233              10.007 83

                      12/31/2010              10.007              9.765 79

                      12/31/2011              9.765              9.530 57

VISC 10   3.00%

                      12/31/2008              N/A              9.743 3

                      12/31/2009              9.743              9.475 179

                      12/31/2010              9.475              9.196 198

                      12/31/2011              9.196              8.925 172

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 11   2.30%

                      12/31/2009              N/A              10.157 24

                      12/31/2010              10.157              9.927 37

                      12/31/2011              9.927              9.702 25

VISC 12   3.15%

                      12/31/2009              N/A              9.335 28

                      12/31/2010              9.335              9.046 15

                      12/31/2011              9.046              8.767 9

VISC 13   1.75%

                      12/31/2009              N/A              10.718 44

                      12/31/2010              10.718              10.533 317

                      12/31/2011              10.533              10.351 222

VISC 14   2.05%

                      12/31/2009              N/A              10.412 0

                      12/31/2010              10.412              10.202 0

                      12/31/2011              10.202              9.995 0

VISC 2   2.75%

                      12/31/2008              N/A              9.962 0

                      12/31/2009              9.962              9.713 0

                      12/31/2010              9.713              9.451 0

                      12/31/2011              9.451              9.195 0

VISC 3   2.60%

                      12/31/2008              N/A              10.097 74

                      12/31/2009              10.097              9.859 91

                      12/31/2010              9.859              9.607 32

                      12/31/2011              9.607              9.361 26

VISC 4   2.90%

                      12/31/2008              N/A              9.830 9

                      12/31/2009              9.830              9.570 0

                      12/31/2010              9.570              9.297 0

                      12/31/2011              9.297              9.032 0

VISC 5   2.15%

                      12/31/2008              N/A              10.510 137

                      12/31/2009              10.510              10.309 23

                      12/31/2010              10.309              10.091 35

                      12/31/2011              10.091              9.877 75

VISC 7   2.55%

                      12/31/2008              N/A              10.142 100

                      12/31/2009              10.142              9.908 77

                      12/31/2010              9.908              9.659 85

                      12/31/2011              9.659              9.417 86

VISC 8   2.85%

                      12/31/2008              N/A              9.874 8

                      12/31/2009              9.874              9.617 180

                      12/31/2010              9.617              9.348 150

                      12/31/2011              9.348              9.086 156

VISC 9   2.70%

                      12/31/2008              N/A              10.007 45

                      12/31/2009              10.007              9.762 164

                      12/31/2010              9.762              9.502 200

                      12/31/2011              9.502              9.250 191

VISI 1   1.40%

                      12/31/2007              N/A              11.125 0

                      12/31/2008              11.125              11.238 0

                      12/31/2009              11.238              11.106 0

                      12/31/2010              11.106              10.952 0

                      12/31/2011              10.952              10.801 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

75

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 10   2.65%

                      12/31/2007              N/A              10.076 0

                      12/31/2008              10.076              10.052 424

                      12/31/2009              10.052              9.810 534

                      12/31/2010              9.810              9.554 755

                      12/31/2011              9.554              9.305 411

VISI 11   1.80%

                      12/31/2008              N/A              10.844 1066

                      12/31/2009              10.844              10.674 1100

                      12/31/2010              10.674              10.484 793

                      12/31/2011              10.484              10.298 782

VISI 13   1.95%

                      12/31/2009              N/A              10.516 377

                      12/31/2010              10.516              10.314 251

                      12/31/2011              10.314              10.115 259

VISI 14   2.80%

                      12/31/2009              N/A              9.665 96

                      12/31/2010              9.665              9.399 70

                      12/31/2011              9.399              9.140 68

VISI 2   1.70%

                      12/31/2007              N/A              10.864 117

                      12/31/2008              10.864              10.941 473

                      12/31/2009              10.941              10.780 219

                      12/31/2010              10.780              10.599 550

                      12/31/2011              10.599              10.421 747

VISI 3   2.10%

                      12/31/2007              N/A              10.525 0

                      12/31/2008              10.525              10.557 692

                      12/31/2009              10.557              10.361 1376

                      12/31/2010              10.361              10.146 879

                      12/31/2011              10.146              9.936 867

VISI 4   2.40%

                      12/31/2007              N/A              10.278 0

                      12/31/2008              10.278              10.279 162

                      12/31/2009              10.279              10.057 186

                      12/31/2010              10.057              9.819 138

                      12/31/2011              9.819              9.587 128

VISI 5   2.25%

                      12/31/2007              N/A              10.401 0

                      12/31/2008              10.401              10.417 862

                      12/31/2009              10.417              10.208 779

                      12/31/2010              10.208              9.981 608

                      12/31/2011              9.981              9.760 477

VISI 6   2.55%

                      12/31/2007              N/A              10.156 0

                      12/31/2008              10.156              10.142 75

                      12/31/2009              10.142              9.908 76

                      12/31/2010              9.908              9.659 55

                      12/31/2011              9.659              9.417 57

VISI 7   2.20%

                      12/31/2007              N/A              10.442 0

                      12/31/2008              10.442              10.464 1123

                      12/31/2009              10.464              10.258 1177

                      12/31/2010              10.258              10.036 831

                      12/31/2011              10.036              9.818 783

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 8   2.50%

                      12/31/2007              N/A              10.197 0

                      12/31/2008              10.197              10.187 325

                      12/31/2009              10.187              9.957 981

                      12/31/2010              9.957              9.712 939

                      12/31/2011              9.712              9.473 671

VISI 9   2.35%

                      12/31/2007              N/A              10.318 0

                      12/31/2008              10.318              10.325 1500

                      12/31/2009              10.325              10.107 1704

                      12/31/2010              10.107              9.873 2001

                      12/31/2011              9.873              9.644 1526

VISL 1   1.65%

                      12/31/2007              N/A              10.907 877

                      12/31/2008              10.907              10.990 620

                      12/31/2009              10.990              10.834 421

                      12/31/2010              10.834              10.657 1049

                      12/31/2011              10.657              10.484 1608

VISL 10   2.90%

                      12/31/2007              N/A              9.879 0

                      12/31/2008              9.879              9.830 193

                      12/31/2009              9.830              9.570 218

                      12/31/2010              9.570              9.297 249

                      12/31/2011              9.297              9.032 200

VISL 11   2.05%

                      12/31/2008              N/A              10.605 435

                      12/31/2009              10.605              10.412 421

                      12/31/2010              10.412              10.202 543

                      12/31/2011              10.202              9.995 503

VISL 13   3.05%

                      12/31/2009              N/A              9.428 161

                      12/31/2010              9.428              9.146 142

                      12/31/2011              9.146              8.872 83

VISL 14   2.20%

                      12/31/2009              N/A              10.258 96

                      12/31/2010              10.258              10.036 129

                      12/31/2011              10.036              9.818 86

VISL 2   1.95%

                      12/31/2007              N/A              10.651 84

                      12/31/2008              10.651              10.700 167

                      12/31/2009              10.700              10.516 152

                      12/31/2010              10.516              10.314 299

                      12/31/2011              10.314              10.115 553

VISL 3   2.35%

                      12/31/2007              N/A              10.318 0

                      12/31/2008              10.318              10.325 822

                      12/31/2009              10.325              10.107 1057

                      12/31/2010              10.107              9.873 746

                      12/31/2011              9.873              9.644 618

VISL 4   2.65%

                      12/31/2007              N/A              10.076 0

                      12/31/2008              10.076              10.052 195

                      12/31/2009              10.052              9.810 209

                      12/31/2010              9.810              9.554 122

                      12/31/2011              9.554              9.305 99

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

76

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              10.197 0

                      12/31/2008              10.197              10.187 223

                      12/31/2009              10.187              9.957 608

                      12/31/2010              9.957              9.712 481

                      12/31/2011              9.712              9.473 366

VISL 6   2.80%

                      12/31/2007              N/A              9.957 0

                      12/31/2008              9.957              9.918 75

                      12/31/2009              9.918              9.665 81

                      12/31/2010              9.665              9.399 60

                      12/31/2011              9.399              9.140 55

VISL 7   2.45%

                      12/31/2007              N/A              10.237 0

                      12/31/2008              10.237              10.233 621

                      12/31/2009              10.233              10.007 994

                      12/31/2010              10.007              9.765 783

                      12/31/2011              9.765              9.530 557

VISL 8   2.75%

                      12/31/2007              N/A              9.997 0

                      12/31/2008              9.997              9.962 319

                      12/31/2009              9.962              9.713 486

                      12/31/2010              9.713              9.451 698

                      12/31/2011              9.451              9.195 419

VISL 9   2.60%

                      12/31/2007              N/A              10.116 0

                      12/31/2008              10.116              10.097 913

                      12/31/2009              10.097              9.859 1562

                      12/31/2010              9.859              9.607 1337

                      12/31/2011              9.607              9.361 875

AZL Morgan Stanley Global Real Estate Fund

VISB 1   1.70%

                      12/31/2007              N/A              10.797 183

                      12/31/2008              10.797              5.750 276

                      12/31/2009              5.750              7.925 71

                      12/31/2010              7.925              9.417 72

                      12/31/2011              9.417              8.338 81

VISB 10   2.95%

                      12/31/2007              N/A              10.573 0

                      12/31/2008              10.573              5.560 10

                      12/31/2009              5.560              7.569 17

                      12/31/2010              7.569              8.882 14

                      12/31/2011              8.882              7.767 15

VISB 11   2.10%

                      12/31/2008              N/A              5.689 12

                      12/31/2009              5.689              7.809 101

                      12/31/2010              7.809              9.242 92

                      12/31/2011              9.242              8.151 95

VISB 13   3.10%

                      12/31/2009              N/A              7.527 2

                      12/31/2010              7.527              8.820 0

                      12/31/2011              8.820              7.701 0

VISB 14   2.25%

                      12/31/2009              N/A              7.766 15

                      12/31/2010              7.766              9.177 13

                      12/31/2011              9.177              8.082 13

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2007              N/A              10.743 34

                      12/31/2008              10.743              5.704 64

                      12/31/2009              5.704              7.838 34

                      12/31/2010              7.838              9.285 59

                      12/31/2011              9.285              8.197 62

VISB 3   2.40%

                      12/31/2007              N/A              10.671 0

                      12/31/2008              10.671              5.643 62

                      12/31/2009              5.643              7.723 198

                      12/31/2010              7.723              9.113 173

                      12/31/2011              9.113              8.013 193

VISB 4   2.70%

                      12/31/2007              N/A              10.618 0

                      12/31/2008              10.618              5.598 18

                      12/31/2009              5.598              7.639 28

                      12/31/2010              7.639              8.986 27

                      12/31/2011              8.986              7.878 33

VISB 5   2.55%

                      12/31/2007              N/A              10.645 0

                      12/31/2008              10.645              5.620 20

                      12/31/2009              5.620              7.681 124

                      12/31/2010              7.681              9.049 122

                      12/31/2011              9.049              7.945 131

VISB 6   2.85%

                      12/31/2007              N/A              10.591 0

                      12/31/2008              10.591              5.575 10

                      12/31/2009              5.575              7.597 31

                      12/31/2010              7.597              8.923 24

                      12/31/2011              8.923              7.811 25

VISB 7   2.50%

                      12/31/2007              N/A              10.653 0

                      12/31/2008              10.653              5.628 66

                      12/31/2009              5.628              7.695 99

                      12/31/2010              7.695              9.071 121

                      12/31/2011              9.071              7.968 128

VISB 8   2.80%

                      12/31/2007              N/A              10.600 0

                      12/31/2008              10.600              5.583 11

                      12/31/2009              5.583              7.611 33

                      12/31/2010              7.611              8.944 21

                      12/31/2011              8.944              7.833 22

VISB 9   2.65%

                      12/31/2007              N/A              10.627 0

                      12/31/2008              10.627              5.605 102

                      12/31/2009              5.605              7.653 110

                      12/31/2010              7.653              9.007 117

                      12/31/2011              9.007              7.900 123

VISC 1   2.45%

                      12/31/2008              N/A              5.635 11

                      12/31/2009              5.635              7.709 10

                      12/31/2010              7.709              9.092 13

                      12/31/2011              9.092              7.990 13

VISC 10   3.00%

                      12/31/2008              N/A              5.554 1

                      12/31/2009              5.554              7.555 1

                      12/31/2010              7.555              8.862 3

                      12/31/2011              8.862              7.746 6

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

77

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 11   2.30%

                      12/31/2009              N/A              7.752 1

                      12/31/2010              7.752              9.156 7

                      12/31/2011              9.156              8.059 7

VISC 12   3.15%

                      12/31/2009              N/A              7.514 0

                      12/31/2010              7.514              8.799 0

                      12/31/2011              8.799              7.679 0

VISC 13   1.75%

                      12/31/2009              N/A              7.910 0

                      12/31/2010              7.910              9.395 7

                      12/31/2011              9.395              8.314 7

VISC 14   2.05%

                      12/31/2009              N/A              7.824 0

                      12/31/2010              7.824              9.264 0

                      12/31/2011              9.264              8.174 0

VISC 2   2.75%

                      12/31/2008              N/A              5.590 0

                      12/31/2009              5.590              7.625 0

                      12/31/2010              7.625              8.965 0

                      12/31/2011              8.965              7.856 0

VISC 3   2.60%

                      12/31/2008              N/A              5.613 8

                      12/31/2009              5.613              7.667 7

                      12/31/2010              7.667              9.028 8

                      12/31/2011              9.028              7.923 10

VISC 4   2.90%

                      12/31/2008              N/A              5.568 0

                      12/31/2009              5.568              7.583 0

                      12/31/2010              7.583              8.902 0

                      12/31/2011              8.902              7.789 0

VISC 5   2.15%

                      12/31/2008              N/A              5.681 9

                      12/31/2009              5.681              7.795 12

                      12/31/2010              7.795              9.221 11

                      12/31/2011              9.221              8.128 9

VISC 7   2.55%

                      12/31/2008              N/A              5.620 4

                      12/31/2009              5.620              7.681 10

                      12/31/2010              7.681              9.049 3

                      12/31/2011              9.049              7.945 3

VISC 8   2.85%

                      12/31/2008              N/A              5.575 3

                      12/31/2009              5.575              7.597 2

                      12/31/2010              7.597              8.923 1

                      12/31/2011              8.923              7.811 1

VISC 9   2.70%

                      12/31/2008              N/A              5.598 14

                      12/31/2009              5.598              7.639 20

                      12/31/2010              7.639              8.986 18

                      12/31/2011              8.986              7.878 13

VISI 1   1.40%

                      12/31/2007              N/A              10.852 0

                      12/31/2008              10.852              5.796 0

                      12/31/2009              5.796              8.013 0

                      12/31/2010              8.013              9.550 0

                      12/31/2011              9.550              8.481 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 10   2.65%

                      12/31/2007              N/A              10.627 0

                      12/31/2008              10.627              5.605 40

                      12/31/2009              5.605              7.653 51

                      12/31/2010              7.653              9.007 52

                      12/31/2011              9.007              7.900 56

VISI 11   1.80%

                      12/31/2008              N/A              5.735 101

                      12/31/2009              5.735              7.896 158

                      12/31/2010              7.896              9.373 135

                      12/31/2011              9.373              8.291 130

VISI 13   1.95%

                      12/31/2009              N/A              7.852 69

                      12/31/2010              7.852              9.307 59

                      12/31/2011              9.307              8.221 56

VISI 14   2.80%

                      12/31/2009              N/A              7.611 2

                      12/31/2010              7.611              8.944 0

                      12/31/2011              8.944              7.833 0

VISI 2   1.70%

                      12/31/2007              N/A              10.797 40

                      12/31/2008              10.797              5.750 61

                      12/31/2009              5.750              7.925 29

                      12/31/2010              7.925              9.417 95

                      12/31/2011              9.417              8.338 125

VISI 3   2.10%

                      12/31/2007              N/A              10.725 0

                      12/31/2008              10.725              5.689 102

                      12/31/2009              5.689              7.809 201

                      12/31/2010              7.809              9.242 203

                      12/31/2011              9.242              8.151 196

VISI 4   2.40%

                      12/31/2007              N/A              10.671 0

                      12/31/2008              10.671              5.643 25

                      12/31/2009              5.643              7.723 46

                      12/31/2010              7.723              9.113 44

                      12/31/2011              9.113              8.013 41

VISI 5   2.25%

                      12/31/2007              N/A              10.698 0

                      12/31/2008              10.698              5.666 123

                      12/31/2009              5.666              7.766 242

                      12/31/2010              7.766              9.177 271

                      12/31/2011              9.177              8.082 274

VISI 6   2.55%

                      12/31/2007              N/A              10.645 0

                      12/31/2008              10.645              5.620 4

                      12/31/2009              5.620              7.681 11

                      12/31/2010              7.681              9.049 9

                      12/31/2011              9.049              7.945 11

VISI 7   2.20%

                      12/31/2007              N/A              10.707 0

                      12/31/2008              10.707              5.673 172

                      12/31/2009              5.673              7.781 249

                      12/31/2010              7.781              9.199 246

                      12/31/2011              9.199              8.105 230

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

78

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 8   2.50%

                      12/31/2007              N/A              10.653 0

                      12/31/2008              10.653              5.628 25

                      12/31/2009              5.628              7.695 61

                      12/31/2010              7.695              9.071 40

                      12/31/2011              9.071              7.968 47

VISI 9   2.35%

                      12/31/2007              N/A              10.680 0

                      12/31/2008              10.680              5.651 211

                      12/31/2009              5.651              7.738 297

                      12/31/2010              7.738              9.135 297

                      12/31/2011              9.135              8.036 287

VISL 1   1.65%

                      12/31/2007              N/A              10.806 124

                      12/31/2008              10.806              5.758 172

                      12/31/2009              5.758              7.940 33

                      12/31/2010              7.940              9.439 87

                      12/31/2011              9.439              8.362 124

VISL 10   2.90%

                      12/31/2007              N/A              10.582 0

                      12/31/2008              10.582              5.568 22

                      12/31/2009              5.568              7.583 36

                      12/31/2010              7.583              8.902 40

                      12/31/2011              8.902              7.789 43

VISL 11   2.05%

                      12/31/2008              N/A              5.696 14

                      12/31/2009              5.696              7.824 36

                      12/31/2010              7.824              9.264 53

                      12/31/2011              9.264              8.174 56

VISL 13   3.05%

                      12/31/2009              N/A              7.541 2

                      12/31/2010              7.541              8.840 0

                      12/31/2011              8.840              7.723 0

VISL 14   2.20%

                      12/31/2009              N/A              7.781 14

                      12/31/2010              7.781              9.199 14

                      12/31/2011              9.199              8.105 17

VISL 2   1.95%

                      12/31/2007              N/A              10.752 21

                      12/31/2008              10.752              5.711 35

                      12/31/2009              5.711              7.852 14

                      12/31/2010              7.852              9.307 30

                      12/31/2011              9.307              8.221 45

VISL 3   2.35%

                      12/31/2007              N/A              10.680 0

                      12/31/2008              10.680              5.651 39

                      12/31/2009              5.651              7.738 104

                      12/31/2010              7.738              9.135 97

                      12/31/2011              9.135              8.036 104

VISL 4   2.65%

                      12/31/2007              N/A              10.627 0

                      12/31/2008              10.627              5.605 14

                      12/31/2009              5.605              7.653 33

                      12/31/2010              7.653              9.007 41

                      12/31/2011              9.007              7.900 49

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              10.653 0

                      12/31/2008              10.653              5.628 44

                      12/31/2009              5.628              7.695 118

                      12/31/2010              7.695              9.071 98

                      12/31/2011              9.071              7.968 108

VISL 6   2.80%

                      12/31/2007              N/A              10.600 0

                      12/31/2008              10.600              5.583 0

                      12/31/2009              5.583              7.611 5

                      12/31/2010              7.611              8.944 9

                      12/31/2011              8.944              7.833 9

VISL 7   2.45%

                      12/31/2007              N/A              10.662 0

                      12/31/2008              10.662              5.635 66

                      12/31/2009              5.635              7.709 111

                      12/31/2010              7.709              9.092 95

                      12/31/2011              9.092              7.990 98

VISL 8   2.75%

                      12/31/2007              N/A              10.609 0

                      12/31/2008              10.609              5.590 25

                      12/31/2009              5.590              7.625 46

                      12/31/2010              7.625              8.965 38

                      12/31/2011              8.965              7.856 37

VISL 9   2.60%

                      12/31/2007              N/A              10.636 0

                      12/31/2008              10.636              5.613 82

                      12/31/2009              5.613              7.667 109

                      12/31/2010              7.667              9.028 118

                      12/31/2011              9.028              7.923 111

AZL Morgan Stanley Mid Cap Growth fund

VISB 1   1.70%

                      12/31/2007              N/A              15.872 220

                      12/31/2008              15.872              8.033 310

                      12/31/2009              8.033              12.451 100

                      12/31/2010              12.451              16.220 130

                      12/31/2011              16.220              14.900 157

VISB 10   2.95%

                      12/31/2007              N/A              14.601 0

                      12/31/2008              14.601              7.298 18

                      12/31/2009              7.298              11.171 93

                      12/31/2010              11.171              14.372 113

                      12/31/2011              14.372              13.039 69

VISB 11   2.10%

                      12/31/2008              N/A              7.790 35

                      12/31/2009              7.790              12.027 80

                      12/31/2010              12.027              15.604 126

                      12/31/2011              15.604              14.277 136

VISB 13   3.10%

                      12/31/2009              N/A              11.027 1

                      12/31/2010              11.027              14.165 0

                      12/31/2011              14.165              12.832 0

VISB 14   2.25%

                      12/31/2009              N/A              11.871 53

                      12/31/2010              11.871              15.379 64

                      12/31/2011              15.379              14.050 61

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

79

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2007              N/A              15.557 92

                      12/31/2008              15.557              7.850 80

                      12/31/2009              7.850              12.131 134

                      12/31/2010              12.131              15.756 80

                      12/31/2011              15.756              14.430 87

VISB 3   2.40%

                      12/31/2007              N/A              15.147 0

                      12/31/2008              15.147              7.613 171

                      12/31/2009              7.613              11.718 306

                      12/31/2010              11.718              15.158 285

                      12/31/2011              15.158              13.827 281

VISB 4   2.70%

                      12/31/2007              N/A              14.847 0

                      12/31/2008              14.847              7.439 36

                      12/31/2009              7.439              11.416 92

                      12/31/2010              11.416              14.724 81

                      12/31/2011              14.724              13.391 90

VISB 5   2.55%

                      12/31/2007              N/A              14.996 0

                      12/31/2008              14.996              7.525 74

                      12/31/2009              7.525              11.566 154

                      12/31/2010              11.566              14.939 158

                      12/31/2011              14.939              13.608 163

VISB 6   2.85%

                      12/31/2007              N/A              14.699 0

                      12/31/2008              14.699              7.354 24

                      12/31/2009              7.354              11.269 24

                      12/31/2010              11.269              14.512 24

                      12/31/2011              14.512              13.179 20

VISB 7   2.50%

                      12/31/2007              N/A              15.046 0

                      12/31/2008              15.046              7.554 172

                      12/31/2009              7.554              11.616 229

                      12/31/2010              11.616              15.012 242

                      12/31/2011              15.012              13.680 228

VISB 8   2.80%

                      12/31/2007              N/A              14.748 0

                      12/31/2008              14.748              7.382 49

                      12/31/2009              7.382              11.318 120

                      12/31/2010              11.318              14.582 164

                      12/31/2011              14.582              13.249 144

VISB 9   2.65%

                      12/31/2007              N/A              14.897 0

                      12/31/2008              14.897              7.468 97

                      12/31/2009              7.468              11.466 235

                      12/31/2010              11.466              14.795 215

                      12/31/2011              14.795              13.463 176

VISC 1   2.45%

                      12/31/2008              N/A              7.583 27

                      12/31/2009              7.583              11.667 15

                      12/31/2010              11.667              15.084 21

                      12/31/2011              15.084              13.754 15

VISC 10   3.00%

                      12/31/2008              N/A              7.270 1

                      12/31/2009              7.270              11.123 2

                      12/31/2010              11.123              14.303 7

                      12/31/2011              14.303              12.969 1

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 11   2.30%

                      12/31/2009              N/A              11.820 8

                      12/31/2010              11.820              15.305 7

                      12/31/2011              15.305              13.976 7

VISC 12   3.15%

                      12/31/2009              N/A              10.979 2

                      12/31/2010              10.979              14.096 0

                      12/31/2011              14.096              12.763 0

VISC 13   1.75%

                      12/31/2009              N/A              12.388 0

                      12/31/2010              12.388              16.129 8

                      12/31/2011              16.129              14.809 12

VISC 14   2.05%

                      12/31/2009              N/A              12.079 0

                      12/31/2010              12.079              15.680 0

                      12/31/2011              15.680              14.354 0

VISC 2   2.75%

                      12/31/2008              N/A              7.411 0

                      12/31/2009              7.411              11.367 0

                      12/31/2010              11.367              14.653 0

                      12/31/2011              14.653              13.320 0

VISC 3   2.60%

                      12/31/2008              N/A              7.497 41

                      12/31/2009              7.497              11.516 2

                      12/31/2010              11.516              14.867 33

                      12/31/2011              14.867              13.535 24

VISC 4   2.90%

                      12/31/2008              N/A              7.326 0

                      12/31/2009              7.326              11.220 0

                      12/31/2010              11.220              14.442 0

                      12/31/2011              14.442              13.109 0

VISC 5   2.15%

                      12/31/2008              N/A              7.760 3

                      12/31/2009              7.760              11.975 3

                      12/31/2010              11.975              15.529 14

                      12/31/2011              15.529              14.201 17

VISC 7   2.55%

                      12/31/2008              N/A              7.525 5

                      12/31/2009              7.525              11.566 20

                      12/31/2010              11.566              14.939 10

                      12/31/2011              14.939              13.608 4

VISC 8   2.85%

                      12/31/2008              N/A              7.354 2

                      12/31/2009              7.354              11.269 0

                      12/31/2010              11.269              14.512 1

                      12/31/2011              14.512              13.179 0

VISC 9   2.70%

                      12/31/2008              N/A              7.439 11

                      12/31/2009              7.439              11.416 13

                      12/31/2010              11.416              14.724 11

                      12/31/2011              14.724              13.391 6

VISI 1   1.40%

                      12/31/2007              N/A              16.193 0

                      12/31/2008              16.193              8.220 0

                      12/31/2009              8.220              12.780 0

                      12/31/2010              12.780              16.698 0

                      12/31/2011              16.698              15.385 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

80

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 10   2.65%

                      12/31/2007              N/A              14.897 0

                      12/31/2008              14.897              7.468 30

                      12/31/2009              7.468              11.466 63

                      12/31/2010              11.466              14.795 63

                      12/31/2011              14.795              13.463 59

VISI 11   1.80%

                      12/31/2008              N/A              7.971 175

                      12/31/2009              7.971              12.344 348

                      12/31/2010              12.344              16.064 371

                      12/31/2011              16.064              14.742 404

VISI 13   1.95%

                      12/31/2009              N/A              12.184 125

                      12/31/2010              12.184              15.832 133

                      12/31/2011              15.832              14.508 122

VISI 14   2.80%

                      12/31/2009              N/A              11.318 0

                      12/31/2010              11.318              14.582 0

                      12/31/2011              14.582              13.249 0

VISI 2   1.70%

                      12/31/2007              N/A              15.872 61

                      12/31/2008              15.872              8.033 94

                      12/31/2009              8.033              12.451 30

                      12/31/2010              12.451              16.220 120

                      12/31/2011              16.220              14.900 134

VISI 3   2.10%

                      12/31/2007              N/A              15.454 0

                      12/31/2008              15.454              7.790 294

                      12/31/2009              7.790              12.027 421

                      12/31/2010              12.027              15.604 436

                      12/31/2011              15.604              14.277 396

VISI 4   2.40%

                      12/31/2007              N/A              15.147 0

                      12/31/2008              15.147              7.613 27

                      12/31/2009              7.613              11.718 62

                      12/31/2010              11.718              15.158 64

                      12/31/2011              15.158              13.827 52

VISI 5   2.25%

                      12/31/2007              N/A              15.300 0

                      12/31/2008              15.300              7.701 203

                      12/31/2009              7.701              11.871 390

                      12/31/2010              11.871              15.379 355

                      12/31/2011              15.379              14.050 337

VISI 6   2.55%

                      12/31/2007              N/A              14.996 0

                      12/31/2008              14.996              7.525 10

                      12/31/2009              7.525              11.566 55

                      12/31/2010              11.566              14.939 56

                      12/31/2011              14.939              13.608 51

VISI 7   2.20%

                      12/31/2007              N/A              15.351 0

                      12/31/2008              15.351              7.730 307

                      12/31/2009              7.730              11.923 437

                      12/31/2010              11.923              15.454 458

                      12/31/2011              15.454              14.126 413

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 8   2.50%

                      12/31/2007              N/A              15.046 0

                      12/31/2008              15.046              7.554 75

                      12/31/2009              7.554              11.616 135

                      12/31/2010              11.616              15.012 105

                      12/31/2011              15.012              13.680 101

VISI 9   2.35%

                      12/31/2007              N/A              15.198 0

                      12/31/2008              15.198              7.642 290

                      12/31/2009              7.642              11.769 496

                      12/31/2010              11.769              15.231 515

                      12/31/2011              15.231              13.901 477

VISL 1   1.65%

                      12/31/2007              N/A              15.925 117

                      12/31/2008              15.925              8.064 222

                      12/31/2009              8.064              12.506 77

                      12/31/2010              12.506              16.299 165

                      12/31/2011              16.299              14.980 264

VISL 10   2.90%

                      12/31/2007              N/A              14.650 0

                      12/31/2008              14.650              7.326 26

                      12/31/2009              7.326              11.220 61

                      12/31/2010              11.220              14.442 54

                      12/31/2011              14.442              13.109 51

VISL 11   2.05%

                      12/31/2008              N/A              7.820 47

                      12/31/2009              7.820              12.079 97

                      12/31/2010              12.079              15.680 113

                      12/31/2011              15.680              14.354 123

VISL 13   3.05%

                      12/31/2009              N/A              11.075 7

                      12/31/2010              11.075              14.233 0

                      12/31/2011              14.233              12.900 0

VISL 14   2.20%

                      12/31/2009              N/A              11.923 37

                      12/31/2010              11.923              15.454 37

                      12/31/2011              15.454              14.126 50

VISL 2   1.95%

                      12/31/2007              N/A              15.609 69

                      12/31/2008              15.609              7.880 54

                      12/31/2009              7.880              12.184 25

                      12/31/2010              12.184              15.832 58

                      12/31/2011              15.832              14.508 66

VISL 3   2.35%

                      12/31/2007              N/A              15.198 0

                      12/31/2008              15.198              7.642 86

                      12/31/2009              7.642              11.769 150

                      12/31/2010              11.769              15.231 150

                      12/31/2011              15.231              13.901 153

VISL 4   2.65%

                      12/31/2007              N/A              14.897 0

                      12/31/2008              14.897              7.468 37

                      12/31/2009              7.468              11.466 68

                      12/31/2010              11.466              14.795 75

                      12/31/2011              14.795              13.463 82

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

81

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              15.046 0

                      12/31/2008              15.046              7.554 99

                      12/31/2009              7.554              11.616 121

                      12/31/2010              11.616              15.012 148

                      12/31/2011              15.012              13.680 142

VISL 6   2.80%

                      12/31/2007              N/A              14.748 0

                      12/31/2008              14.748              7.382 5

                      12/31/2009              7.382              11.318 25

                      12/31/2010              11.318              14.582 33

                      12/31/2011              14.582              13.249 25

VISL 7   2.45%

                      12/31/2007              N/A              15.097 0

                      12/31/2008              15.097              7.583 133

                      12/31/2009              7.583              11.667 164

                      12/31/2010              11.667              15.084 154

                      12/31/2011              15.084              13.754 145

VISL 8   2.75%

                      12/31/2007              N/A              14.797 0

                      12/31/2008              14.797              7.411 44

                      12/31/2009              7.411              11.367 82

                      12/31/2010              11.367              14.653 63

                      12/31/2011              14.653              13.320 65

VISL 9   2.60%

                      12/31/2007              N/A              14.946 0

                      12/31/2008              14.946              7.497 154

                      12/31/2009              7.497              11.516 185

                      12/31/2010              11.516              14.867 197

                      12/31/2011              14.867              13.535 165

AZL Oppenheimer Discovery Fund

VISB 1   1.70%

                      12/31/2007              N/A              12.670 26

                      12/31/2008              12.670              7.056 32

                      12/31/2009              7.056              9.116 7

                      12/31/2010              9.116              11.546 14

                      12/31/2011              11.546              10.739 26

VISB 10   2.95%

                      12/31/2007              N/A              12.253 0

                      12/31/2008              12.253              6.739 4

                      12/31/2009              6.739              8.598 4

                      12/31/2010              8.598              10.755 19

                      12/31/2011              10.755              9.880 12

VISB 11   2.10%

                      12/31/2008              N/A              6.953 3

                      12/31/2009              6.953              8.947 5

                      12/31/2010              8.947              11.286 4

                      12/31/2011              11.286              10.456 4

VISB 13   3.10%

                      12/31/2009              N/A              8.538 0

                      12/31/2010              8.538              10.664 0

                      12/31/2011              10.664              9.782 0

VISB 14   2.25%

                      12/31/2009              N/A              8.884 29

                      12/31/2010              8.884              11.191 33

                      12/31/2011              11.191              10.352 40

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2007              N/A              12.569 8

                      12/31/2008              12.569              6.979 13

                      12/31/2009              6.979              8.989 9

                      12/31/2010              8.989              11.351 8

                      12/31/2011              11.351              10.526 11

VISB 3   2.40%

                      12/31/2007              N/A              12.435 0

                      12/31/2008              12.435              6.877 26

                      12/31/2009              6.877              8.822 40

                      12/31/2010              8.822              11.096 49

                      12/31/2011              11.096              10.249 40

VISB 4   2.70%

                      12/31/2007              N/A              12.336 0

                      12/31/2008              12.336              6.801 1

                      12/31/2009              6.801              8.699 4

                      12/31/2010              8.699              10.908 10

                      12/31/2011              10.908              10.046 18

VISB 5   2.55%

                      12/31/2007              N/A              12.385 0

                      12/31/2008              12.385              6.839 8

                      12/31/2009              6.839              8.760 52

                      12/31/2010              8.760              11.002 27

                      12/31/2011              11.002              10.147 29

VISB 6   2.85%

                      12/31/2007              N/A              12.286 0

                      12/31/2008              12.286              6.764 4

                      12/31/2009              6.764              8.638 3

                      12/31/2010              8.638              10.816 5

                      12/31/2011              10.816              9.946 3

VISB 7   2.50%

                      12/31/2007              N/A              12.402 0

                      12/31/2008              12.402              6.852 23

                      12/31/2009              6.852              8.781 32

                      12/31/2010              8.781              11.033 36

                      12/31/2011              11.033              10.181 46

VISB 8   2.80%

                      12/31/2007              N/A              12.303 0

                      12/31/2008              12.303              6.777 5

                      12/31/2009              6.777              8.658 13

                      12/31/2010              8.658              10.847 9

                      12/31/2011              10.847              9.979 11

VISB 9   2.65%

                      12/31/2007              N/A              12.352 0

                      12/31/2008              12.352              6.814 38

                      12/31/2009              6.814              8.719 30

                      12/31/2010              8.719              10.940 36

                      12/31/2011              10.940              10.080 36

VISC 1   2.45%

                      12/31/2008              N/A              6.864 2

                      12/31/2009              6.864              8.801 2

                      12/31/2010              8.801              11.064 1

                      12/31/2011              11.064              10.215 1

VISC 10   3.00%

                      12/31/2008              N/A              6.727 0

                      12/31/2009              6.727              8.579 2

                      12/31/2010              8.579              10.725 0

                      12/31/2011              10.725              9.848 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

82

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 11   2.30%

                      12/31/2009              N/A              8.863 4

                      12/31/2010              8.863              11.159 3

                      12/31/2011              11.159              10.318 2

VISC 12   3.15%

                      12/31/2009              N/A              8.518 0

                      12/31/2010              8.518              10.634 0

                      12/31/2011              10.634              9.749 0

VISC 13   1.75%

                      12/31/2009              N/A              9.094 0

                      12/31/2010              9.094              11.513 3

                      12/31/2011              11.513              10.704 5

VISC 14   2.05%

                      12/31/2009              N/A              8.968 0

                      12/31/2010              8.968              11.319 0

                      12/31/2011              11.319              10.492 0

VISC 2   2.75%

                      12/31/2008              N/A              6.789 1

                      12/31/2009              6.789              8.679 0

                      12/31/2010              8.679              10.878 0

                      12/31/2011              10.878              10.012 0

VISC 3   2.60%

                      12/31/2008              N/A              6.827 0

                      12/31/2009              6.827              8.740 0

                      12/31/2010              8.740              10.971 0

                      12/31/2011              10.971              10.113 0

VISC 4   2.90%

                      12/31/2008              N/A              6.752 0

                      12/31/2009              6.752              8.618 0

                      12/31/2010              8.618              10.785 0

                      12/31/2011              10.785              9.913 0

VISC 5   2.15%

                      12/31/2008              N/A              6.941 0

                      12/31/2009              6.941              8.926 3

                      12/31/2010              8.926              11.255 2

                      12/31/2011              11.255              10.422 2

VISC 7   2.55%

                      12/31/2008              N/A              6.839 5

                      12/31/2009              6.839              8.760 1

                      12/31/2010              8.760              11.002 3

                      12/31/2011              11.002              10.147 3

VISC 8   2.85%

                      12/31/2008              N/A              6.764 1

                      12/31/2009              6.764              8.638 0

                      12/31/2010              8.638              10.816 1

                      12/31/2011              10.816              9.946 1

VISC 9   2.70%

                      12/31/2008              N/A              6.801 0

                      12/31/2009              6.801              8.699 0

                      12/31/2010              8.699              10.908 0

                      12/31/2011              10.908              10.046 0

VISI 1   1.40%

                      12/31/2007              N/A              12.772 0

                      12/31/2008              12.772              7.135 0

                      12/31/2009              7.135              9.244 0

                      12/31/2010              9.244              11.744 0

                      12/31/2011              11.744              10.957 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 10   2.65%

                      12/31/2007              N/A              12.352 0

                      12/31/2008              12.352              6.814 1

                      12/31/2009              6.814              8.719 10

                      12/31/2010              8.719              10.940 16

                      12/31/2011              10.940              10.080 16

VISI 11   1.80%

                      12/31/2008              N/A              7.031 33

                      12/31/2009              7.031              9.073 114

                      12/31/2010              9.073              11.481 129

                      12/31/2011              11.481              10.668 116

VISI 13   1.95%

                      12/31/2009              N/A              9.010 26

                      12/31/2010              9.010              11.383 30

                      12/31/2011              11.383              10.562 36

VISI 14   2.80%

                      12/31/2009              N/A              8.658 0

                      12/31/2010              8.658              10.847 0

                      12/31/2011              10.847              9.979 0

VISI 2   1.70%

                      12/31/2007              N/A              12.670 9

                      12/31/2008              12.670              7.056 11

                      12/31/2009              7.056              9.116 6

                      12/31/2010              9.116              11.546 31

                      12/31/2011              11.546              10.739 48

VISI 3   2.10%

                      12/31/2007              N/A              12.535 0

                      12/31/2008              12.535              6.953 24

                      12/31/2009              6.953              8.947 60

                      12/31/2010              8.947              11.286 82

                      12/31/2011              11.286              10.456 47

VISI 4   2.40%

                      12/31/2007              N/A              12.435 0

                      12/31/2008              12.435              6.877 6

                      12/31/2009              6.877              8.822 6

                      12/31/2010              8.822              11.096 9

                      12/31/2011              11.096              10.249 5

VISI 5   2.25%

                      12/31/2007              N/A              12.485 0

                      12/31/2008              12.485              6.915 13

                      12/31/2009              6.915              8.884 46

                      12/31/2010              8.884              11.191 59

                      12/31/2011              11.191              10.352 59

VISI 6   2.55%

                      12/31/2007              N/A              12.385 0

                      12/31/2008              12.385              6.839 1

                      12/31/2009              6.839              8.760 4

                      12/31/2010              8.760              11.002 11

                      12/31/2011              11.002              10.147 10

VISI 7   2.20%

                      12/31/2007              N/A              12.502 0

                      12/31/2008              12.502              6.928 61

                      12/31/2009              6.928              8.905 90

                      12/31/2010              8.905              11.223 101

                      12/31/2011              11.223              10.387 103

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

83

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 8   2.50%

                      12/31/2007              N/A              12.402 0

                      12/31/2008              12.402              6.852 8

                      12/31/2009              6.852              8.781 13

                      12/31/2010              8.781              11.033 19

                      12/31/2011              11.033              10.181 20

VISI 9   2.35%

                      12/31/2007              N/A              12.452 0

                      12/31/2008              12.452              6.890 55

                      12/31/2009              6.890              8.843 106

                      12/31/2010              8.843              11.127 147

                      12/31/2011              11.127              10.283 134

VISL 1   1.65%

                      12/31/2007              N/A              12.687 10

                      12/31/2008              12.687              7.069 14

                      12/31/2009              7.069              9.137 13

                      12/31/2010              9.137              11.579 45

                      12/31/2011              11.579              10.775 55

VISL 10   2.90%

                      12/31/2007              N/A              12.270 0

                      12/31/2008              12.270              6.752 16

                      12/31/2009              6.752              8.618 24

                      12/31/2010              8.618              10.785 23

                      12/31/2011              10.785              9.913 24

VISL 11   2.05%

                      12/31/2008              N/A              6.966 10

                      12/31/2009              6.966              8.968 24

                      12/31/2010              8.968              11.319 55

                      12/31/2011              11.319              10.492 74

VISL 13   3.05%

                      12/31/2009              N/A              8.558 0

                      12/31/2010              8.558              10.694 0

                      12/31/2011              10.694              9.814 0

VISL 14   2.20%

                      12/31/2009              N/A              8.905 11

                      12/31/2010              8.905              11.223 10

                      12/31/2011              11.223              10.387 18

VISL 2   1.95%

                      12/31/2007              N/A              12.585 3

                      12/31/2008              12.585              6.992 11

                      12/31/2009              6.992              9.010 6

                      12/31/2010              9.010              11.383 26

                      12/31/2011              11.383              10.562 19

VISL 3   2.35%

                      12/31/2007              N/A              12.452 0

                      12/31/2008              12.452              6.890 21

                      12/31/2009              6.890              8.843 42

                      12/31/2010              8.843              11.127 51

                      12/31/2011              11.127              10.283 50

VISL 4   2.65%

                      12/31/2007              N/A              12.352 0

                      12/31/2008              12.352              6.814 1

                      12/31/2009              6.814              8.719 8

                      12/31/2010              8.719              10.940 5

                      12/31/2011              10.940              10.080 5

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              12.402 0

                      12/31/2008              12.402              6.852 5

                      12/31/2009              6.852              8.781 9

                      12/31/2010              8.781              11.033 12

                      12/31/2011              11.033              10.181 37

VISL 6   2.80%

                      12/31/2007              N/A              12.303 0

                      12/31/2008              12.303              6.777 0

                      12/31/2009              6.777              8.658 3

                      12/31/2010              8.658              10.847 3

                      12/31/2011              10.847              9.979 3

VISL 7   2.45%

                      12/31/2007              N/A              12.418 0

                      12/31/2008              12.418              6.864 12

                      12/31/2009              6.864              8.801 16

                      12/31/2010              8.801              11.064 23

                      12/31/2011              11.064              10.215 23

VISL 8   2.75%

                      12/31/2007              N/A              12.319 0

                      12/31/2008              12.319              6.789 12

                      12/31/2009              6.789              8.679 23

                      12/31/2010              8.679              10.878 21

                      12/31/2011              10.878              10.012 20

VISL 9   2.60%

                      12/31/2007              N/A              12.369 0

                      12/31/2008              12.369              6.827 23

                      12/31/2009              6.827              8.740 30

                      12/31/2010              8.740              10.971 45

                      12/31/2011              10.971              10.113 39

AZL S&P 500 Index Fund

VISB 1   1.70%

                      12/31/2007              N/A              9.862 141

                      12/31/2008              9.862              6.048 419

                      12/31/2009              6.048              7.454 344

                      12/31/2010              7.454              8.396 127

                      12/31/2011              8.396              8.383 205

VISB 10   2.95%

                      12/31/2007              N/A              9.780 0

                      12/31/2008              9.780              5.923 21

                      12/31/2009              5.923              7.209 191

                      12/31/2010              7.209              8.019 65

                      12/31/2011              8.019              7.908 56

VISB 11   2.10%

                      12/31/2008              N/A              6.008 80

                      12/31/2009              6.008              7.375 861

                      12/31/2010              7.375              8.274 1024

                      12/31/2011              8.274              8.228 1137

VISB 13   3.10%

                      12/31/2009              N/A              7.180 125

                      12/31/2010              7.180              7.975 0

                      12/31/2011              7.975              7.853 0

VISB 14   2.25%

                      12/31/2009              N/A              7.345 286

                      12/31/2010              7.345              8.228 154

                      12/31/2011              8.228              8.171 103

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

84

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2007              N/A              9.842 29

                      12/31/2008              9.842              6.018 155

                      12/31/2009              6.018              7.394 95

                      12/31/2010              7.394              8.304 90

                      12/31/2011              8.304              8.267 146

VISB 3   2.40%

                      12/31/2007              N/A              9.816 0

                      12/31/2008              9.816              5.978 124

                      12/31/2009              5.978              7.316 1007

                      12/31/2010              7.316              8.183 985

                      12/31/2011              8.183              8.114 956

VISB 4   2.70%

                      12/31/2007              N/A              9.796 0

                      12/31/2008              9.796              5.948 19

                      12/31/2009              5.948              7.257 200

                      12/31/2010              7.257              8.093 157

                      12/31/2011              8.093              8.001 135

VISB 5   2.55%

                      12/31/2007              N/A              9.806 0

                      12/31/2008              9.806              5.963 33

                      12/31/2009              5.963              7.286 484

                      12/31/2010              7.286              8.138 682

                      12/31/2011              8.138              8.057 635

VISB 6   2.85%

                      12/31/2007              N/A              9.786 0

                      12/31/2008              9.786              5.933 3

                      12/31/2009              5.933              7.228 126

                      12/31/2010              7.228              8.049 127

                      12/31/2011              8.049              7.945 121

VISB 7   2.50%

                      12/31/2007              N/A              9.809 0

                      12/31/2008              9.809              5.968 215

                      12/31/2009              5.968              7.296 811

                      12/31/2010              7.296              8.153 768

                      12/31/2011              8.153              8.076 689

VISB 8   2.80%

                      12/31/2007              N/A              9.790 0

                      12/31/2008              9.790              5.938 31

                      12/31/2009              5.938              7.238 148

                      12/31/2010              7.238              8.064 132

                      12/31/2011              8.064              7.963 105

VISB 9   2.65%

                      12/31/2007              N/A              9.799 0

                      12/31/2008              9.799              5.953 156

                      12/31/2009              5.953              7.267 604

                      12/31/2010              7.267              8.108 443

                      12/31/2011              8.108              8.019 413

VISC 1   2.45%

                      12/31/2008              N/A              5.973 4

                      12/31/2009              5.973              7.306 24

                      12/31/2010              7.306              8.168 19

                      12/31/2011              8.168              8.095 19

VISC 10   3.00%

                      12/31/2008              N/A              5.918 1

                      12/31/2009              5.918              7.199 7

                      12/31/2010              7.199              8.005 1

                      12/31/2011              8.005              7.889 1

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 11   2.30%

                      12/31/2009              N/A              7.335 8

                      12/31/2010              7.335              8.213 8

                      12/31/2011              8.213              8.152 4

VISC 12   3.15%

                      12/31/2009              N/A              7.170 0

                      12/31/2010              7.170              7.961 0

                      12/31/2011              7.961              7.834 0

VISC 13   1.75%

                      12/31/2009              N/A              7.444 14

                      12/31/2010              7.444              8.381 47

                      12/31/2011              8.381              8.364 28

VISC 14   2.05%

                      12/31/2009              N/A              7.385 0

                      12/31/2010              7.385              8.289 0

                      12/31/2011              8.289              8.247 0

VISC 2   2.75%

                      12/31/2008              N/A              5.943 0

                      12/31/2009              5.943              7.248 2

                      12/31/2010              7.248              8.079 0

                      12/31/2011              8.079              7.982 0

VISC 3   2.60%

                      12/31/2008              N/A              5.958 0

                      12/31/2009              5.958              7.277 11

                      12/31/2010              7.277              8.123 16

                      12/31/2011              8.123              8.038 27

VISC 4   2.90%

                      12/31/2008              N/A              5.928 0

                      12/31/2009              5.928              7.219 0

                      12/31/2010              7.219              8.034 0

                      12/31/2011              8.034              7.926 0

VISC 5   2.15%

                      12/31/2008              N/A              6.003 20

                      12/31/2009              6.003              7.365 78

                      12/31/2010              7.365              8.259 42

                      12/31/2011              8.259              8.209 18

VISC 7   2.55%

                      12/31/2008              N/A              5.963 4

                      12/31/2009              5.963              7.286 34

                      12/31/2010              7.286              8.138 24

                      12/31/2011              8.138              8.057 18

VISC 8   2.85%

                      12/31/2008              N/A              5.933 2

                      12/31/2009              5.933              7.228 27

                      12/31/2010              7.228              8.049 23

                      12/31/2011              8.049              7.945 17

VISC 9   2.70%

                      12/31/2008              N/A              5.948 63

                      12/31/2009              5.948              7.257 122

                      12/31/2010              7.257              8.093 126

                      12/31/2011              8.093              8.001 77

VISI 1   1.40%

                      12/31/2007              N/A              9.882 0

                      12/31/2008              9.882              6.079 0

                      12/31/2009              6.079              7.514 0

                      12/31/2010              7.514              8.489 0

                      12/31/2011              8.489              8.502 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

85

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 10   2.65%

                      12/31/2007              N/A              9.799 0

                      12/31/2008              9.799              5.953 156

                      12/31/2009              5.953              7.267 500

                      12/31/2010              7.267              8.108 284

                      12/31/2011              8.108              8.019 262

VISI 11   1.80%

                      12/31/2008              N/A              6.038 431

                      12/31/2009              6.038              7.434 2386

                      12/31/2010              7.434              8.366 2034

                      12/31/2011              8.366              8.344 1828

VISI 13   1.95%

                      12/31/2009              N/A              7.404 1148

                      12/31/2010              7.404              8.320 1062

                      12/31/2011              8.320              8.286 968

VISI 14   2.80%

                      12/31/2009              N/A              7.238 30

                      12/31/2010              7.238              8.064 0

                      12/31/2011              8.064              7.963 0

VISI 2   1.70%

                      12/31/2007              N/A              9.862 30

                      12/31/2008              9.862              6.048 52

                      12/31/2009              6.048              7.454 250

                      12/31/2010              7.454              8.396 432

                      12/31/2011              8.396              8.383 466

VISI 3   2.10%

                      12/31/2007              N/A              9.836 0

                      12/31/2008              9.836              6.008 248

                      12/31/2009              6.008              7.375 1260

                      12/31/2010              7.375              8.274 1139

                      12/31/2011              8.274              8.228 986

VISI 4   2.40%

                      12/31/2007              N/A              9.816 0

                      12/31/2008              9.816              5.978 14

                      12/31/2009              5.978              7.316 228

                      12/31/2010              7.316              8.183 107

                      12/31/2011              8.183              8.114 101

VISI 5   2.25%

                      12/31/2007              N/A              9.826 0

                      12/31/2008              9.826              5.993 145

                      12/31/2009              5.993              7.345 1062

                      12/31/2010              7.345              8.228 1004

                      12/31/2011              8.228              8.171 902

VISI 6   2.55%

                      12/31/2007              N/A              9.806 0

                      12/31/2008              9.806              5.963 16

                      12/31/2009              5.963              7.286 65

                      12/31/2010              7.286              8.138 80

                      12/31/2011              8.138              8.057 78

VISI 7   2.20%

                      12/31/2007              N/A              9.829 0

                      12/31/2008              9.829              5.998 299

                      12/31/2009              5.998              7.355 1593

                      12/31/2010              7.355              8.244 1630

                      12/31/2011              8.244              8.190 1493

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 8   2.50%

                      12/31/2007              N/A              9.809 0

                      12/31/2008              9.809              5.968 70

                      12/31/2009              5.968              7.296 323

                      12/31/2010              7.296              8.153 230

                      12/31/2011              8.153              8.076 207

VISI 9   2.35%

                      12/31/2007              N/A              9.819 0

                      12/31/2008              9.819              5.983 847

                      12/31/2009              5.983              7.326 1411

                      12/31/2010              7.326              8.198 1297

                      12/31/2011              8.198              8.133 1271

VISL 1   1.65%

                      12/31/2007              N/A              9.865 72

                      12/31/2008              9.865              6.053 159

                      12/31/2009              6.053              7.464 280

                      12/31/2010              7.464              8.412 373

                      12/31/2011              8.412              8.403 486

VISL 10   2.90%

                      12/31/2007              N/A              9.783 0

                      12/31/2008              9.783              5.928 17

                      12/31/2009              5.928              7.219 259

                      12/31/2010              7.219              8.034 179

                      12/31/2011              8.034              7.926 174

VISL 11   2.05%

                      12/31/2008              N/A              6.013 79

                      12/31/2009              6.013              7.385 539

                      12/31/2010              7.385              8.289 539

                      12/31/2011              8.289              8.247 388

VISL 13   3.05%

                      12/31/2009              N/A              7.190 9

                      12/31/2010              7.190              7.990 0

                      12/31/2011              7.990              7.871 0

VISL 14   2.20%

                      12/31/2009              N/A              7.355 370

                      12/31/2010              7.355              8.244 242

                      12/31/2011              8.244              8.190 215

VISL 2   1.95%

                      12/31/2007              N/A              9.846 41

                      12/31/2008              9.846              6.023 59

                      12/31/2009              6.023              7.404 69

                      12/31/2010              7.404              8.320 73

                      12/31/2011              8.320              8.286 93

VISL 3   2.35%

                      12/31/2007              N/A              9.819 0

                      12/31/2008              9.819              5.983 62

                      12/31/2009              5.983              7.326 468

                      12/31/2010              7.326              8.198 488

                      12/31/2011              8.198              8.133 414

VISL 4   2.65%

                      12/31/2007              N/A              9.799 0

                      12/31/2008              9.799              5.953 2

                      12/31/2009              5.953              7.267 184

                      12/31/2010              7.267              8.108 169

                      12/31/2011              8.108              8.019 143

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

86

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              9.809 0

                      12/31/2008              9.809              5.968 57

                      12/31/2009              5.968              7.296 568

                      12/31/2010              7.296              8.153 555

                      12/31/2011              8.153              8.076 538

VISL 6   2.80%

                      12/31/2007              N/A              9.790 0

                      12/31/2008              9.790              5.938 1

                      12/31/2009              5.938              7.238 44

                      12/31/2010              7.238              8.064 41

                      12/31/2011              8.064              7.963 40

VISL 7   2.45%

                      12/31/2007              N/A              9.813 0

                      12/31/2008              9.813              5.973 108

                      12/31/2009              5.973              7.306 549

                      12/31/2010              7.306              8.168 509

                      12/31/2011              8.168              8.095 479

VISL 8   2.75%

                      12/31/2007              N/A              9.793 0

                      12/31/2008              9.793              5.943 20

                      12/31/2009              5.943              7.248 265

                      12/31/2010              7.248              8.079 192

                      12/31/2011              8.079              7.982 209

VISL 9   2.60%

                      12/31/2007              N/A              9.803 0

                      12/31/2008              9.803              5.958 101

                      12/31/2009              5.958              7.277 643

                      12/31/2010              7.277              8.123 568

                      12/31/2011              8.123              8.038 485

AZL Schroder Emerging Markets Equity Fund

VISB 1   1.70%

                      12/31/2007              N/A              13.388 298

                      12/31/2008              13.388              6.333 441

                      12/31/2009              6.333              10.695 86

                      12/31/2010              10.695              11.818 100

                      12/31/2011              11.818              9.612 104

VISB 10   2.95%

                      12/31/2007              N/A              13.110 0

                      12/31/2008              13.110              6.124 22

                      12/31/2009              6.124              10.214 111

                      12/31/2010              10.214              11.147 49

                      12/31/2011              11.147              8.954 34

VISB 11   2.10%

                      12/31/2008              N/A              6.265 28

                      12/31/2009              6.265              10.538 149

                      12/31/2010              10.538              11.599 173

                      12/31/2011              11.599              9.397 159

VISB 13   3.10%

                      12/31/2009              N/A              10.158 4

                      12/31/2010              10.158              11.069 3

                      12/31/2011              11.069              8.878 0

VISB 14   2.25%

                      12/31/2009              N/A              10.480 31

                      12/31/2010              10.480              11.518 52

                      12/31/2011              11.518              9.317 37

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2007              N/A              13.321 107

                      12/31/2008              13.321              6.282 146

                      12/31/2009              6.282              10.577 80

                      12/31/2010              10.577              11.654 109

                      12/31/2011              11.654              9.450 97

VISB 3   2.40%

                      12/31/2007              N/A              13.232 0

                      12/31/2008              13.232              6.215 151

                      12/31/2009              6.215              10.423 560

                      12/31/2010              10.423              11.437 486

                      12/31/2011              11.437              9.238 337

VISB 4   2.70%

                      12/31/2007              N/A              13.165 0

                      12/31/2008              13.165              6.165 28

                      12/31/2009              6.165              10.308 93

                      12/31/2010              10.308              11.278 87

                      12/31/2011              11.278              9.082 71

VISB 5   2.55%

                      12/31/2007              N/A              13.198 0

                      12/31/2008              13.198              6.190 83

                      12/31/2009              6.190              10.365 180

                      12/31/2010              10.365              11.357 190

                      12/31/2011              11.357              9.160 207

VISB 6   2.85%

                      12/31/2007              N/A              13.132 0

                      12/31/2008              13.132              6.140 10

                      12/31/2009              6.140              10.251 54

                      12/31/2010              10.251              11.199 46

                      12/31/2011              11.199              9.005 52

VISB 7   2.50%

                      12/31/2007              N/A              13.209 0

                      12/31/2008              13.209              6.198 151

                      12/31/2009              6.198              10.384 192

                      12/31/2010              10.384              11.384 218

                      12/31/2011              11.384              9.186 243

VISB 8   2.80%

                      12/31/2007              N/A              13.143 0

                      12/31/2008              13.143              6.149 44

                      12/31/2009              6.149              10.270 97

                      12/31/2010              10.270              11.225 116

                      12/31/2011              11.225              9.030 111

VISB 9   2.65%

                      12/31/2007              N/A              13.176 0

                      12/31/2008              13.176              6.173 85

                      12/31/2009              6.173              10.327 163

                      12/31/2010              10.327              11.304 153

                      12/31/2011              11.304              9.108 152

VISC 1   2.45%

                      12/31/2008              N/A              6.207 5

                      12/31/2009              6.207              10.404 14

                      12/31/2010              10.404              11.411 11

                      12/31/2011              11.411              9.212 11

VISC 10   3.00%

                      12/31/2008              N/A              6.116 4

                      12/31/2009              6.116              10.196 4

                      12/31/2010              10.196              11.122 7

                      12/31/2011              11.122              8.929 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

87

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 11   2.30%

                      12/31/2009              N/A              10.461 6

                      12/31/2010              10.461              11.491 9

                      12/31/2011              11.491              9.290 8

VISC 12   3.15%

                      12/31/2009              N/A              10.139 2

                      12/31/2010              10.139              11.043 0

                      12/31/2011              11.043              8.853 0

VISC 13   1.75%

                      12/31/2009              N/A              10.675 1

                      12/31/2010              10.675              11.791 20

                      12/31/2011              11.791              9.585 30

VISC 14   2.05%

                      12/31/2009              N/A              10.558 0

                      12/31/2010              10.558              11.627 0

                      12/31/2011              11.627              9.424 0

VISC 2   2.75%

                      12/31/2008              N/A              6.157 2

                      12/31/2009              6.157              10.289 1

                      12/31/2010              10.289              11.252 1

                      12/31/2011              11.252              9.056 1

VISC 3   2.60%

                      12/31/2008              N/A              6.182 3

                      12/31/2009              6.182              10.346 39

                      12/31/2010              10.346              11.331 27

                      12/31/2011              11.331              9.134 24

VISC 4   2.90%

                      12/31/2008              N/A              6.132 0

                      12/31/2009              6.132              10.233 1

                      12/31/2010              10.233              11.173 1

                      12/31/2011              11.173              8.979 1

VISC 5   2.15%

                      12/31/2008              N/A              6.257 3

                      12/31/2009              6.257              10.519 18

                      12/31/2010              10.519              11.573 19

                      12/31/2011              11.573              9.370 16

VISC 7   2.55%

                      12/31/2008              N/A              6.190 7

                      12/31/2009              6.190              10.365 27

                      12/31/2010              10.365              11.357 17

                      12/31/2011              11.357              9.160 15

VISC 8   2.85%

                      12/31/2008              N/A              6.140 5

                      12/31/2009              6.140              10.251 17

                      12/31/2010              10.251              11.199 17

                      12/31/2011              11.199              9.005 15

VISC 9   2.70%

                      12/31/2008              N/A              6.165 14

                      12/31/2009              6.165              10.308 26

                      12/31/2010              10.308              11.278 27

                      12/31/2011              11.278              9.082 15

VISI 1   1.40%

                      12/31/2007              N/A              13.455 0

                      12/31/2008              13.455              6.384 0

                      12/31/2009              6.384              10.813 0

                      12/31/2010              10.813              11.985 0

                      12/31/2011              11.985              9.778 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 10   2.65%

                      12/31/2007              N/A              13.176 0

                      12/31/2008              13.176              6.173 31

                      12/31/2009              6.173              10.327 53

                      12/31/2010              10.327              11.304 47

                      12/31/2011              11.304              9.108 40

VISI 11   1.80%

                      12/31/2008              N/A              6.316 137

                      12/31/2009              6.316              10.656 294

                      12/31/2010              10.656              11.763 325

                      12/31/2011              11.763              9.558 316

VISI 13   1.95%

                      12/31/2009              N/A              10.597 104

                      12/31/2010              10.597              11.681 141

                      12/31/2011              11.681              9.477 122

VISI 14   2.80%

                      12/31/2009              N/A              10.270 10

                      12/31/2010              10.270              11.225 0

                      12/31/2011              11.225              9.030 0

VISI 2   1.70%

                      12/31/2007              N/A              13.388 65

                      12/31/2008              13.388              6.333 79

                      12/31/2009              6.333              10.695 126

                      12/31/2010              10.695              11.818 154

                      12/31/2011              11.818              9.612 170

VISI 3   2.10%

                      12/31/2007              N/A              13.298 0

                      12/31/2008              13.298              6.265 222

                      12/31/2009              6.265              10.538 411

                      12/31/2010              10.538              11.599 432

                      12/31/2011              11.599              9.397 454

VISI 4   2.40%

                      12/31/2007              N/A              13.232 0

                      12/31/2008              13.232              6.215 67

                      12/31/2009              6.215              10.423 94

                      12/31/2010              10.423              11.437 83

                      12/31/2011              11.437              9.238 82

VISI 5   2.25%

                      12/31/2007              N/A              13.265 0

                      12/31/2008              13.265              6.240 140

                      12/31/2009              6.240              10.480 276

                      12/31/2010              10.480              11.518 338

                      12/31/2011              11.518              9.317 368

VISI 6   2.55%

                      12/31/2007              N/A              13.198 0

                      12/31/2008              13.198              6.190 7

                      12/31/2009              6.190              10.365 19

                      12/31/2010              10.365              11.357 25

                      12/31/2011              11.357              9.160 22

VISI 7   2.20%

                      12/31/2007              N/A              13.276 0

                      12/31/2008              13.276              6.248 297

                      12/31/2009              6.248              10.500 417

                      12/31/2010              10.500              11.545 555

                      12/31/2011              11.545              9.343 560

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

88

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 8   2.50%

                      12/31/2007              N/A              13.209 0

                      12/31/2008              13.209              6.198 75

                      12/31/2009              6.198              10.384 142

                      12/31/2010              10.384              11.384 122

                      12/31/2011              11.384              9.186 133

VISI 9   2.35%

                      12/31/2007              N/A              13.243 0

                      12/31/2008              13.243              6.223 282

                      12/31/2009              6.223              10.442 482

                      12/31/2010              10.442              11.464 545

                      12/31/2011              11.464              9.264 518

VISL 1   1.65%

                      12/31/2007              N/A              13.399 121

                      12/31/2008              13.399              6.341 205

                      12/31/2009              6.341              10.714 84

                      12/31/2010              10.714              11.846 300

                      12/31/2011              11.846              9.640 345

VISL 10   2.90%

                      12/31/2007              N/A              13.121 0

                      12/31/2008              13.121              6.132 42

                      12/31/2009              6.132              10.233 66

                      12/31/2010              10.233              11.173 61

                      12/31/2011              11.173              8.979 58

VISL 11   2.05%

                      12/31/2008              N/A              6.274 56

                      12/31/2009              6.274              10.558 124

                      12/31/2010              10.558              11.627 161

                      12/31/2011              11.627              9.424 177

VISL 13   3.05%

                      12/31/2009              N/A              10.177 7

                      12/31/2010              10.177              11.095 0

                      12/31/2011              11.095              8.903 0

VISL 14   2.20%

                      12/31/2009              N/A              10.500 30

                      12/31/2010              10.500              11.545 42

                      12/31/2011              11.545              9.343 49

VISL 2   1.95%

                      12/31/2007              N/A              13.332 70

                      12/31/2008              13.332              6.290 75

                      12/31/2009              6.290              10.597 19

                      12/31/2010              10.597              11.681 68

                      12/31/2011              11.681              9.477 94

VISL 3   2.35%

                      12/31/2007              N/A              13.243 0

                      12/31/2008              13.243              6.223 76

                      12/31/2009              6.223              10.442 179

                      12/31/2010              10.442              11.464 213

                      12/31/2011              11.464              9.264 221

VISL 4   2.65%

                      12/31/2007              N/A              13.176 0

                      12/31/2008              13.176              6.173 24

                      12/31/2009              6.173              10.327 51

                      12/31/2010              10.327              11.304 54

                      12/31/2011              11.304              9.108 52

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              13.209 0

                      12/31/2008              13.209              6.198 59

                      12/31/2009              6.198              10.384 121

                      12/31/2010              10.384              11.384 131

                      12/31/2011              11.384              9.186 155

VISL 6   2.80%

                      12/31/2007              N/A              13.143 0

                      12/31/2008              13.143              6.149 5

                      12/31/2009              6.149              10.270 28

                      12/31/2010              10.270              11.225 28

                      12/31/2011              11.225              9.030 27

VISL 7   2.45%

                      12/31/2007              N/A              13.221 0

                      12/31/2008              13.221              6.207 112

                      12/31/2009              6.207              10.404 123

                      12/31/2010              10.404              11.411 152

                      12/31/2011              11.411              9.212 155

VISL 8   2.75%

                      12/31/2007              N/A              13.154 0

                      12/31/2008              13.154              6.157 42

                      12/31/2009              6.157              10.289 83

                      12/31/2010              10.289              11.252 62

                      12/31/2011              11.252              9.056 72

VISL 9   2.60%

                      12/31/2007              N/A              13.187 0

                      12/31/2008              13.187              6.182 107

                      12/31/2009              6.182              10.346 138

                      12/31/2010              10.346              11.331 183

                      12/31/2011              11.331              9.134 206

AZL Small Cap Stock Index Fund

VISB 1   1.70%

                      12/31/2007              N/A              9.310 84

                      12/31/2008              9.310              6.321 95

                      12/31/2009              6.321              7.758 29

                      12/31/2010              7.758              9.571 49

                      12/31/2011              9.571              9.438 51

VISB 10   2.95%

                      12/31/2007              N/A              9.233 0

                      12/31/2008              9.233              6.190 3

                      12/31/2009              6.190              7.503 89

                      12/31/2010              7.503              9.142 5

                      12/31/2011              9.142              8.903 5

VISB 11   2.10%

                      12/31/2008              N/A              6.279 29

                      12/31/2009              6.279              7.676 311

                      12/31/2010              7.676              9.432 337

                      12/31/2011              9.432              9.263 321

VISB 13   3.10%

                      12/31/2009              N/A              7.473 1

                      12/31/2010              7.473              9.092 0

                      12/31/2011              9.092              8.841 0

VISB 14   2.25%

                      12/31/2009              N/A              7.645 32

                      12/31/2010              7.645              9.380 32

                      12/31/2011              9.380              9.199 25

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

89

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2007              N/A              9.292 14

                      12/31/2008              9.292              6.289 17

                      12/31/2009              6.289              7.696 9

                      12/31/2010              7.696              9.467 17

                      12/31/2011              9.467              9.307 28

VISB 3   2.40%

                      12/31/2007              N/A              9.267 0

                      12/31/2008              9.267              6.247 84

                      12/31/2009              6.247              7.614 233

                      12/31/2010              7.614              9.328 210

                      12/31/2011              9.328              9.134 212

VISB 4   2.70%

                      12/31/2007              N/A              9.248 0

                      12/31/2008              9.248              6.216 3

                      12/31/2009              6.216              7.553 47

                      12/31/2010              7.553              9.226 24

                      12/31/2011              9.226              9.007 27

VISB 5   2.55%

                      12/31/2007              N/A              9.257 0

                      12/31/2008              9.257              6.232 16

                      12/31/2009              6.232              7.584 71

                      12/31/2010              7.584              9.277 75

                      12/31/2011              9.277              9.071 74

VISB 6   2.85%

                      12/31/2007              N/A              9.239 0

                      12/31/2008              9.239              6.200 0

                      12/31/2009              6.200              7.523 5

                      12/31/2010              7.523              9.175 4

                      12/31/2011              9.175              8.944 4

VISB 7   2.50%

                      12/31/2007              N/A              9.261 0

                      12/31/2008              9.261              6.237 55

                      12/31/2009              6.237              7.594 96

                      12/31/2010              7.594              9.294 96

                      12/31/2011              9.294              9.092 92

VISB 8   2.80%

                      12/31/2007              N/A              9.242 0

                      12/31/2008              9.242              6.206 7

                      12/31/2009              6.206              7.533 23

                      12/31/2010              7.533              9.192 54

                      12/31/2011              9.192              8.965 46

VISB 9   2.65%

                      12/31/2007              N/A              9.251 0

                      12/31/2008              9.251              6.221 36

                      12/31/2009              6.221              7.563 78

                      12/31/2010              7.563              9.243 80

                      12/31/2011              9.243              9.028 74

VISC 1   2.45%

                      12/31/2008              N/A              6.242 2

                      12/31/2009              6.242              7.604 4

                      12/31/2010              7.604              9.311 9

                      12/31/2011              9.311              9.113 3

VISC 10   3.00%

                      12/31/2008              N/A              6.185 1

                      12/31/2009              6.185              7.493 1

                      12/31/2010              7.493              9.125 0

                      12/31/2011              9.125              8.882 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 11   2.30%

                      12/31/2009              N/A              7.635 3

                      12/31/2010              7.635              9.363 0

                      12/31/2011              9.363              9.177 0

VISC 12   3.15%

                      12/31/2009              N/A              7.463 0

                      12/31/2010              7.463              9.075 0

                      12/31/2011              9.075              8.820 0

VISC 13   1.75%

                      12/31/2009              N/A              7.748 0

                      12/31/2010              7.748              9.554 16

                      12/31/2011              9.554              9.416 18

VISC 14   2.05%

                      12/31/2009              N/A              7.686 0

                      12/31/2010              7.686              9.449 0

                      12/31/2011              9.449              9.285 0

VISC 2   2.75%

                      12/31/2008              N/A              6.211 0

                      12/31/2009              6.211              7.543 0

                      12/31/2010              7.543              9.209 0

                      12/31/2011              9.209              8.986 0

VISC 3   2.60%

                      12/31/2008              N/A              6.226 0

                      12/31/2009              6.226              7.574 2

                      12/31/2010              7.574              9.260 2

                      12/31/2011              9.260              9.050 7

VISC 4   2.90%

                      12/31/2008              N/A              6.195 0

                      12/31/2009              6.195              7.513 2

                      12/31/2010              7.513              9.159 1

                      12/31/2011              9.159              8.924 1

VISC 5   2.15%

                      12/31/2008              N/A              6.273 3

                      12/31/2009              6.273              7.665 16

                      12/31/2010              7.665              9.415 12

                      12/31/2011              9.415              9.242 12

VISC 7   2.55%

                      12/31/2008              N/A              6.232 3

                      12/31/2009              6.232              7.584 4

                      12/31/2010              7.584              9.277 1

                      12/31/2011              9.277              9.071 1

VISC 8   2.85%

                      12/31/2008              N/A              6.200 1

                      12/31/2009              6.200              7.523 1

                      12/31/2010              7.523              9.175 0

                      12/31/2011              9.175              8.944 0

VISC 9   2.70%

                      12/31/2008              N/A              6.216 12

                      12/31/2009              6.216              7.553 20

                      12/31/2010              7.553              9.226 18

                      12/31/2011              9.226              9.007 9

VISI 1   1.40%

                      12/31/2007              N/A              9.329 0

                      12/31/2008              9.329              6.353 0

                      12/31/2009              6.353              7.821 0

                      12/31/2010              7.821              9.678 0

                      12/31/2011              9.678              9.571 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

90

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 10   2.65%

                      12/31/2007              N/A              9.251 0

                      12/31/2008              9.251              6.221 12

                      12/31/2009              6.221              7.563 53

                      12/31/2010              7.563              9.243 18

                      12/31/2011              9.243              9.028 20

VISI 11   1.80%

                      12/31/2008              N/A              6.310 155

                      12/31/2009              6.310              7.737 314

                      12/31/2010              7.737              9.536 310

                      12/31/2011              9.536              9.394 282

VISI 13   1.95%

                      12/31/2009              N/A              7.706 116

                      12/31/2010              7.706              9.484 117

                      12/31/2011              9.484              9.329 113

VISI 14   2.80%

                      12/31/2009              N/A              7.533 18

                      12/31/2010              7.533              9.192 0

                      12/31/2011              9.192              8.965 0

VISI 2   1.70%

                      12/31/2007              N/A              9.310 18

                      12/31/2008              9.310              6.321 33

                      12/31/2009              6.321              7.758 45

                      12/31/2010              7.758              9.571 98

                      12/31/2011              9.571              9.438 150

VISI 3   2.10%

                      12/31/2007              N/A              9.285 0

                      12/31/2008              9.285              6.279 101

                      12/31/2009              6.279              7.676 159

                      12/31/2010              7.676              9.432 153

                      12/31/2011              9.432              9.263 164

VISI 4   2.40%

                      12/31/2007              N/A              9.267 0

                      12/31/2008              9.267              6.247 0

                      12/31/2009              6.247              7.614 7

                      12/31/2010              7.614              9.328 6

                      12/31/2011              9.328              9.134 12

VISI 5   2.25%

                      12/31/2007              N/A              9.276 0

                      12/31/2008              9.276              6.263 87

                      12/31/2009              6.263              7.645 155

                      12/31/2010              7.645              9.380 152

                      12/31/2011              9.380              9.199 166

VISI 6   2.55%

                      12/31/2007              N/A              9.257 0

                      12/31/2008              9.257              6.232 2

                      12/31/2009              6.232              7.584 12

                      12/31/2010              7.584              9.277 12

                      12/31/2011              9.277              9.071 9

VISI 7   2.20%

                      12/31/2007              N/A              9.279 0

                      12/31/2008              9.279              6.268 139

                      12/31/2009              6.268              7.655 245

                      12/31/2010              7.655              9.397 262

                      12/31/2011              9.397              9.220 233

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 8   2.50%

                      12/31/2007              N/A              9.261 0

                      12/31/2008              9.261              6.237 22

                      12/31/2009              6.237              7.594 62

                      12/31/2010              7.594              9.294 48

                      12/31/2011              9.294              9.092 40

VISI 9   2.35%

                      12/31/2007              N/A              9.270 0

                      12/31/2008              9.270              6.252 155

                      12/31/2009              6.252              7.624 264

                      12/31/2010              7.624              9.346 224

                      12/31/2011              9.346              9.156 211

VISL 1   1.65%

                      12/31/2007              N/A              9.314 60

                      12/31/2008              9.314              6.326 76

                      12/31/2009              6.326              7.768 30

                      12/31/2010              7.768              9.589 71

                      12/31/2011              9.589              9.460 152

VISL 10   2.90%

                      12/31/2007              N/A              9.236 0

                      12/31/2008              9.236              6.195 12

                      12/31/2009              6.195              7.513 33

                      12/31/2010              7.513              9.159 23

                      12/31/2011              9.159              8.924 24

VISL 11   2.05%

                      12/31/2008              N/A              6.284 33

                      12/31/2009              6.284              7.686 101

                      12/31/2010              7.686              9.449 103

                      12/31/2011              9.449              9.285 107

VISL 13   3.05%

                      12/31/2009              N/A              7.483 3

                      12/31/2010              7.483              9.108 0

                      12/31/2011              9.108              8.861 0

VISL 14   2.20%

                      12/31/2009              N/A              7.655 27

                      12/31/2010              7.655              9.397 24

                      12/31/2011              9.397              9.220 23

VISL 2   1.95%

                      12/31/2007              N/A              9.295 11

                      12/31/2008              9.295              6.294 13

                      12/31/2009              6.294              7.706 4

                      12/31/2010              7.706              9.484 32

                      12/31/2011              9.484              9.329 45

VISL 3   2.35%

                      12/31/2007              N/A              9.270 0

                      12/31/2008              9.270              6.252 33

                      12/31/2009              6.252              7.624 54

                      12/31/2010              7.624              9.346 62

                      12/31/2011              9.346              9.156 56

VISL 4   2.65%

                      12/31/2007              N/A              9.251 0

                      12/31/2008              9.251              6.221 10

                      12/31/2009              6.221              7.563 11

                      12/31/2010              7.563              9.243 21

                      12/31/2011              9.243              9.028 17

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

91

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              9.261 0

                      12/31/2008              9.261              6.237 21

                      12/31/2009              6.237              7.594 47

                      12/31/2010              7.594              9.294 47

                      12/31/2011              9.294              9.092 49

VISL 6   2.80%

                      12/31/2007              N/A              9.242 0

                      12/31/2008              9.242              6.206 1

                      12/31/2009              6.206              7.533 12

                      12/31/2010              7.533              9.192 6

                      12/31/2011              9.192              8.965 8

VISL 7   2.45%

                      12/31/2007              N/A              9.264 0

                      12/31/2008              9.264              6.242 55

                      12/31/2009              6.242              7.604 99

                      12/31/2010              7.604              9.311 98

                      12/31/2011              9.311              9.113 87

VISL 8   2.75%

                      12/31/2007              N/A              9.245 0

                      12/31/2008              9.245              6.211 23

                      12/31/2009              6.211              7.543 53

                      12/31/2010              7.543              9.209 26

                      12/31/2011              9.209              8.986 28

VISL 9   2.60%

                      12/31/2007              N/A              9.254 0

                      12/31/2008              9.254              6.226 75

                      12/31/2009              6.226              7.574 130

                      12/31/2010              7.574              9.260 145

                      12/31/2011              9.260              9.050 134

BlackRock Global Allocations V.I. Fund

VISB 1   1.70%

                      12/31/2008              N/A              7.903 258

                      12/31/2009              7.903              9.396 571

                      12/31/2010              9.396              10.139 4752

                      12/31/2011              10.139              9.605 6190

VISB 10   2.95%

                      12/31/2008              N/A              7.837 52

                      12/31/2009              7.837              9.201 459

                      12/31/2010              9.201              9.806 515

                      12/31/2011              9.806              9.175 475

VISB 11   2.10%

                      12/31/2008              N/A              7.882 135

                      12/31/2009              7.882              9.333 540

                      12/31/2010              9.333              10.031 740

                      12/31/2011              10.031              9.465 798

VISB 13   3.10%

                      12/31/2009              N/A              9.178 115

                      12/31/2010              9.178              9.767 156

                      12/31/2011              9.767              9.124 129

VISB 14   2.25%

                      12/31/2009              N/A              9.310 362

                      12/31/2010              9.310              9.991 308

                      12/31/2011              9.991              9.414 288

VISB 2   2.00%

                      12/31/2008              N/A              7.888 110

                      12/31/2009              7.888              9.349 641

                      12/31/2010              9.349              10.058 2193

                      12/31/2011              10.058              9.500 2432

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2008              N/A              7.866 179

                      12/31/2009              7.866              9.286 716

                      12/31/2010              9.286              9.951 849

                      12/31/2011              9.951              9.362 573

VISB 4   2.70%

                      12/31/2008              N/A              7.851 14

                      12/31/2009              7.851              9.240 70

                      12/31/2010              9.240              9.871 75

                      12/31/2011              9.871              9.259 109

VISB 5   2.55%

                      12/31/2008              N/A              7.858 74

                      12/31/2009              7.858              9.263 404

                      12/31/2010              9.263              9.911 390

                      12/31/2011              9.911              9.310 483

VISB 6   2.85%

                      12/31/2008              N/A              7.843 20

                      12/31/2009              7.843              9.217 38

                      12/31/2010              9.217              9.832 39

                      12/31/2011              9.832              9.209 61

VISB 7   2.50%

                      12/31/2008              N/A              7.861 301

                      12/31/2009              7.861              9.271 505

                      12/31/2010              9.271              9.924 554

                      12/31/2011              9.924              9.328 617

VISB 8   2.80%

                      12/31/2008              N/A              7.845 148

                      12/31/2009              7.845              9.224 1060

                      12/31/2010              9.224              9.845 1019

                      12/31/2011              9.845              9.225 958

VISB 9   2.65%

                      12/31/2008              N/A              7.853 308

                      12/31/2009              7.853              9.248 1458

                      12/31/2010              9.248              9.885 1650

                      12/31/2011              9.885              9.276 1603

VISC 1   2.45%

                      12/31/2008              N/A              7.864 41

                      12/31/2009              7.864              9.278 37

                      12/31/2010              9.278              9.938 47

                      12/31/2011              9.938              9.345 40

VISC 10   3.00%

                      12/31/2008              N/A              7.835 66

                      12/31/2009              7.835              9.194 43

                      12/31/2010              9.194              9.793 84

                      12/31/2011              9.793              9.158 66

VISC 11   2.30%

                      12/31/2009              N/A              9.302 42

                      12/31/2010              9.302              9.978 48

                      12/31/2011              9.978              9.396 41

VISC 12   3.15%

                      12/31/2009              N/A              9.171 12

                      12/31/2010              9.171              9.753 18

                      12/31/2011              9.753              9.108 25

VISC 13   1.75%

                      12/31/2009              N/A              9.388 64

                      12/31/2010              9.388              10.125 811

                      12/31/2011              10.125              9.588 2283

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

92

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 14   2.05%

                      12/31/2009              N/A              9.341 0

                      12/31/2010              9.341              10.044 0

                      12/31/2011              10.044              9.483 0

VISC 2   2.75%

                      12/31/2008              N/A              7.848 2

                      12/31/2009              7.848              9.232 1

                      12/31/2010              9.232              9.858 1

                      12/31/2011              9.858              9.242 1

VISC 3   2.60%

                      12/31/2008              N/A              7.856 66

                      12/31/2009              7.856              9.255 9

                      12/31/2010              9.255              9.898 14

                      12/31/2011              9.898              9.293 15

VISC 4   2.90%

                      12/31/2008              N/A              7.840 0

                      12/31/2009              7.840              9.209 0

                      12/31/2010              9.209              9.819 0

                      12/31/2011              9.819              9.192 0

VISC 5   2.15%

                      12/31/2008              N/A              7.880 53

                      12/31/2009              7.880              9.325 68

                      12/31/2010              9.325              10.018 74

                      12/31/2011              10.018              9.448 58

VISC 7   2.55%

                      12/31/2008              N/A              7.858 68

                      12/31/2009              7.858              9.263 45

                      12/31/2010              9.263              9.911 39

                      12/31/2011              9.911              9.310 43

VISC 8   2.85%

                      12/31/2008              N/A              7.843 38

                      12/31/2009              7.843              9.217 175

                      12/31/2010              9.217              9.832 176

                      12/31/2011              9.832              9.209 135

VISC 9   2.70%

                      12/31/2008              N/A              7.851 108

                      12/31/2009              7.851              9.240 163

                      12/31/2010              9.240              9.871 194

                      12/31/2011              9.871              9.259 209

VISI 1   1.40%

                      12/31/2008              N/A              7.919 0

                      12/31/2009              7.919              9.443 0

                      12/31/2010              9.443              10.220 0

                      12/31/2011              10.220              9.712 0

VISI 10   2.65%

                      12/31/2008              N/A              7.853 101

                      12/31/2009              7.853              9.248 1039

                      12/31/2010              9.248              9.885 1143

                      12/31/2011              9.885              9.276 1237

VISI 11   1.80%

                      12/31/2008              N/A              7.898 681

                      12/31/2009              7.898              9.380 2077

                      12/31/2010              9.380              10.112 2389

                      12/31/2011              10.112              9.570 2320

VISI 13   1.95%

                      12/31/2009              N/A              9.356 1183

                      12/31/2010              9.356              10.071 1262

                      12/31/2011              10.071              9.518 1176

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 14   2.80%

                      12/31/2009              N/A              9.224 537

                      12/31/2010              9.224              9.845 736

                      12/31/2011              9.845              9.225 731

VISI 2   1.70%

                      12/31/2008              N/A              7.903 78

                      12/31/2009              7.903              9.396 1085

                      12/31/2010              9.396              10.139 5832

                      12/31/2011              10.139              9.605 6958

VISI 3   2.10%

                      12/31/2008              N/A              7.882 665

                      12/31/2009              7.882              9.333 1159

                      12/31/2010              9.333              10.031 1350

                      12/31/2011              10.031              9.465 1529

VISI 4   2.40%

                      12/31/2008              N/A              7.866 56

                      12/31/2009              7.866              9.286 93

                      12/31/2010              9.286              9.951 179

                      12/31/2011              9.951              9.362 193

VISI 5   2.25%

                      12/31/2008              N/A              7.874 411

                      12/31/2009              7.874              9.310 985

                      12/31/2010              9.310              9.991 1117

                      12/31/2011              9.991              9.414 1393

VISI 6   2.55%

                      12/31/2008              N/A              7.858 21

                      12/31/2009              7.858              9.263 65

                      12/31/2010              9.263              9.911 85

                      12/31/2011              9.911              9.310 91

VISI 7   2.20%

                      12/31/2008              N/A              7.877 1133

                      12/31/2009              7.877              9.317 2437

                      12/31/2010              9.317              10.004 2573

                      12/31/2011              10.004              9.431 2437

VISI 8   2.50%

                      12/31/2008              N/A              7.861 186

                      12/31/2009              7.861              9.271 5080

                      12/31/2010              9.271              9.924 5738

                      12/31/2011              9.924              9.328 5747

VISI 9   2.35%

                      12/31/2008              N/A              7.869 1190

                      12/31/2009              7.869              9.294 7013

                      12/31/2010              9.294              9.964 7358

                      12/31/2011              9.964              9.379 7602

VISL 1   1.65%

                      12/31/2008              N/A              7.906 123

                      12/31/2009              7.906              9.403 1740

                      12/31/2010              9.403              10.152 12264

                      12/31/2011              10.152              9.623 16705

VISL 10   2.90%

                      12/31/2008              N/A              7.840 76

                      12/31/2009              7.840              9.209 909

                      12/31/2010              9.209              9.819 1127

                      12/31/2011              9.819              9.192 1095

VISL 11   2.05%

                      12/31/2008              N/A              7.885 920

                      12/31/2009              7.885              9.341 1754

                      12/31/2010              9.341              10.044 1615

                      12/31/2011              10.044              9.483 1435

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

93

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 13   3.05%

                      12/31/2009              N/A              9.186 731

                      12/31/2010              9.186              9.780 802

                      12/31/2011              9.780              9.141 739

VISL 14   2.20%

                      12/31/2009              N/A              9.317 557

                      12/31/2010              9.317              10.004 639

                      12/31/2011              10.004              9.431 643

VISL 2   1.95%

                      12/31/2008              N/A              7.890 34

                      12/31/2009              7.890              9.356 635

                      12/31/2010              9.356              10.071 3650

                      12/31/2011              10.071              9.518 4569

VISL 3   2.35%

                      12/31/2008              N/A              7.869 381

                      12/31/2009              7.869              9.294 819

                      12/31/2010              9.294              9.964 940

                      12/31/2011              9.964              9.379 1094

VISL 4   2.65%

                      12/31/2008              N/A              7.853 79

                      12/31/2009              7.853              9.248 108

                      12/31/2010              9.248              9.885 166

                      12/31/2011              9.885              9.276 182

VISL 5   2.50%

                      12/31/2008              N/A              7.861 291

                      12/31/2009              7.861              9.271 698

                      12/31/2010              9.271              9.924 909

                      12/31/2011              9.924              9.328 957

VISL 6   2.80%

                      12/31/2008              N/A              7.845 22

                      12/31/2009              7.845              9.224 48

                      12/31/2010              9.224              9.845 43

                      12/31/2011              9.845              9.225 145

VISL 7   2.45%

                      12/31/2008              N/A              7.864 883

                      12/31/2009              7.864              9.278 1379

                      12/31/2010              9.278              9.938 1468

                      12/31/2011              9.938              9.345 1479

VISL 8   2.75%

                      12/31/2008              N/A              7.848 171

                      12/31/2009              7.848              9.232 2923

                      12/31/2010              9.232              9.858 3215

                      12/31/2011              9.858              9.242 2947

VISL 9   2.60%

                      12/31/2008              N/A              7.856 826

                      12/31/2009              7.856              9.255 4579

                      12/31/2010              9.255              9.898 4755

                      12/31/2011              9.898              9.293 4735

Davis VA Financial Portfolio

VISB 1   1.70%

                      12/31/2007              N/A              15.460 32

                      12/31/2008              15.460              8.152 48

                      12/31/2009              8.152              11.315 21

                      12/31/2010              11.315              12.359 21

                      12/31/2011              12.359              11.185 19

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              14.003 0

                      12/31/2008              14.003              7.292 2

                      12/31/2009              7.292              9.995 6

                      12/31/2010              9.995              10.782 4

                      12/31/2011              10.782              9.636 5

VISB 11   2.10%

                      12/31/2008              N/A              7.866 34

                      12/31/2009              7.866              10.875 57

                      12/31/2010              10.875              11.831 53

                      12/31/2011              11.831              10.664 9

VISB 13   3.10%

                      12/31/2009              N/A              9.847 0

                      12/31/2010              9.847              10.607 0

                      12/31/2011              10.607              9.465 0

VISB 14   2.25%

                      12/31/2009              N/A              10.714 16

                      12/31/2010              10.714              11.639 15

                      12/31/2011              11.639              10.475 9

VISB 2   2.00%

                      12/31/2007              N/A              15.097 11

                      12/31/2008              15.097              7.937 19

                      12/31/2009              7.937              10.983 15

                      12/31/2010              10.983              11.961 7

                      12/31/2011              11.961              10.792 6

VISB 3   2.40%

                      12/31/2007              N/A              14.626 0

                      12/31/2008              14.626              7.659 39

                      12/31/2009              7.659              10.556 50

                      12/31/2010              10.556              11.449 42

                      12/31/2011              11.449              10.289 37

VISB 4   2.70%

                      12/31/2007              N/A              14.283 0

                      12/31/2008              14.283              7.456 15

                      12/31/2009              7.456              10.246 20

                      12/31/2010              10.246              11.080 8

                      12/31/2011              11.080              9.928 10

VISB 5   2.55%

                      12/31/2007              N/A              14.454 0

                      12/31/2008              14.454              7.557 15

                      12/31/2009              7.557              10.400 44

                      12/31/2010              10.400              11.263 40

                      12/31/2011              11.263              10.107 38

VISB 6   2.85%

                      12/31/2007              N/A              14.114 0

                      12/31/2008              14.114              7.357 0

                      12/31/2009              7.357              10.095 10

                      12/31/2010              10.095              10.900 12

                      12/31/2011              10.900              9.752 10

VISB 7   2.50%

                      12/31/2007              N/A              14.511 0

                      12/31/2008              14.511              7.591 42

                      12/31/2009              7.591              10.452 52

                      12/31/2010              10.452              11.325 49

                      12/31/2011              11.325              10.167 49

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

94

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              14.170 0

                      12/31/2008              14.170              7.390 28

                      12/31/2009              7.390              10.145 18

                      12/31/2010              10.145              10.960 9

                      12/31/2011              10.960              9.810 10

VISB 9   2.65%

                      12/31/2007              N/A              14.340 0

                      12/31/2008              14.340              7.490 46

                      12/31/2009              7.490              10.297 47

                      12/31/2010              10.297              11.141 43

                      12/31/2011              11.141              9.987 39

VISC 1   2.45%

                      12/31/2008              N/A              7.624 1

                      12/31/2009              7.624              10.504 1

                      12/31/2010              10.504              11.387 1

                      12/31/2011              11.387              10.228 1

VISC 10   3.00%

                      12/31/2008              N/A              7.259 0

                      12/31/2009              7.259              9.946 0

                      12/31/2010              9.946              10.723 0

                      12/31/2011              10.723              9.579 0

VISC 11   2.30%

                      12/31/2009              N/A              10.661 1

                      12/31/2010              10.661              11.575 1

                      12/31/2011              11.575              10.412 0

VISC 12   3.15%

                      12/31/2009              N/A              9.799 0

                      12/31/2010              9.799              10.549 0

                      12/31/2011              10.549              9.409 0

VISC 13   1.75%

                      12/31/2009              N/A              11.250 0

                      12/31/2010              11.250              12.282 0

                      12/31/2011              12.282              11.109 0

VISC 14   2.05%

                      12/31/2009              N/A              10.929 0

                      12/31/2010              10.929              11.896 0

                      12/31/2011              11.896              10.727 0

VISC 2   2.75%

                      12/31/2008              N/A              7.423 3

                      12/31/2009              7.423              10.196 1

                      12/31/2010              10.196              11.020 1

                      12/31/2011              11.020              9.869 1

VISC 3   2.60%

                      12/31/2008              N/A              7.523 10

                      12/31/2009              7.523              10.349 2

                      12/31/2010              10.349              11.202 3

                      12/31/2011              11.202              10.047 3

VISC 4   2.90%

                      12/31/2008              N/A              7.324 0

                      12/31/2009              7.324              10.045 0

                      12/31/2010              10.045              10.841 0

                      12/31/2011              10.841              9.694 0

VISC 5   2.15%

                      12/31/2008              N/A              7.831 0

                      12/31/2009              7.831              10.821 10

                      12/31/2010              10.821              11.767 1

                      12/31/2011              11.767              10.600 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              7.557 9

                      12/31/2009              7.557              10.400 8

                      12/31/2010              10.400              11.263 8

                      12/31/2011              11.263              10.107 3

VISC 8   2.85%

                      12/31/2008              N/A              7.357 4

                      12/31/2009              7.357              10.095 3

                      12/31/2010              10.095              10.900 3

                      12/31/2011              10.900              9.752 2

VISC 9   2.70%

                      12/31/2008              N/A              7.456 2

                      12/31/2009              7.456              10.246 3

                      12/31/2010              10.246              11.080 3

                      12/31/2011              11.080              9.928 3

VISI 1   1.40%

                      12/31/2007              N/A              15.832 0

                      12/31/2008              15.832              8.373 0

                      12/31/2009              8.373              11.657 0

                      12/31/2010              11.657              12.771 0

                      12/31/2011              12.771              11.592 0

VISI 10   2.65%

                      12/31/2007              N/A              14.340 0

                      12/31/2008              14.340              7.490 16

                      12/31/2009              7.490              10.297 26

                      12/31/2010              10.297              11.141 27

                      12/31/2011              11.141              9.987 27

VISI 11   1.80%

                      12/31/2008              N/A              8.080 53

                      12/31/2009              8.080              11.204 123

                      12/31/2010              11.204              12.225 89

                      12/31/2011              12.225              11.052 74

VISI 13   1.95%

                      12/31/2009              N/A              11.038 64

                      12/31/2010              11.038              12.026 56

                      12/31/2011              12.026              10.856 53

VISI 14   2.80%

                      12/31/2009              N/A              10.145 2

                      12/31/2010              10.145              10.960 0

                      12/31/2011              10.960              9.810 0

VISI 2   1.70%

                      12/31/2007              N/A              15.460 15

                      12/31/2008              15.460              8.152 24

                      12/31/2009              8.152              11.315 11

                      12/31/2010              11.315              12.359 8

                      12/31/2011              12.359              11.185 6

VISI 3   2.10%

                      12/31/2007              N/A              14.978 0

                      12/31/2008              14.978              7.866 58

                      12/31/2009              7.866              10.875 127

                      12/31/2010              10.875              11.831 135

                      12/31/2011              11.831              10.664 106

VISI 4   2.40%

                      12/31/2007              N/A              14.626 0

                      12/31/2008              14.626              7.659 38

                      12/31/2009              7.659              10.556 44

                      12/31/2010              10.556              11.449 43

                      12/31/2011              11.449              10.289 44

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

95

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              14.801 0

                      12/31/2008              14.801              7.762 35

                      12/31/2009              7.762              10.714 69

                      12/31/2010              10.714              11.639 66

                      12/31/2011              11.639              10.475 61

VISI 6   2.55%

                      12/31/2007              N/A              14.454 0

                      12/31/2008              14.454              7.557 27

                      12/31/2009              7.557              10.400 30

                      12/31/2010              10.400              11.263 32

                      12/31/2011              11.263              10.107 32

VISI 7   2.20%

                      12/31/2007              N/A              14.860 0

                      12/31/2008              14.860              7.797 103

                      12/31/2009              7.797              10.768 162

                      12/31/2010              10.768              11.702 159

                      12/31/2011              11.702              10.537 147

VISI 8   2.50%

                      12/31/2007              N/A              14.511 0

                      12/31/2008              14.511              7.591 19

                      12/31/2009              7.591              10.452 40

                      12/31/2010              10.452              11.325 36

                      12/31/2011              11.325              10.167 36

VISI 9   2.35%

                      12/31/2007              N/A              14.684 0

                      12/31/2008              14.684              7.693 91

                      12/31/2009              7.693              10.608 154

                      12/31/2010              10.608              11.512 148

                      12/31/2011              11.512              10.351 140

VISL 1   1.65%

                      12/31/2007              N/A              15.522 9

                      12/31/2008              15.522              8.189 18

                      12/31/2009              8.189              11.372 13

                      12/31/2010              11.372              12.427 3

                      12/31/2011              12.427              11.251 3

VISL 10   2.90%

                      12/31/2007              N/A              14.058 0

                      12/31/2008              14.058              7.324 10

                      12/31/2009              7.324              10.045 17

                      12/31/2010              10.045              10.841 15

                      12/31/2011              10.841              9.694 6

VISL 11   2.05%

                      12/31/2008              N/A              7.902 21

                      12/31/2009              7.902              10.929 28

                      12/31/2010              10.929              11.896 22

                      12/31/2011              11.896              10.727 17

VISL 13   3.05%

                      12/31/2009              N/A              9.896 6

                      12/31/2010              9.896              10.665 0

                      12/31/2011              10.665              9.522 0

VISL 14   2.20%

                      12/31/2009              N/A              10.768 27

                      12/31/2010              10.768              11.702 24

                      12/31/2011              11.702              10.537 25

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              15.157 22

                      12/31/2008              15.157              7.972 29

                      12/31/2009              7.972              11.038 4

                      12/31/2010              11.038              12.026 5

                      12/31/2011              12.026              10.856 1

VISL 3   2.35%

                      12/31/2007              N/A              14.684 0

                      12/31/2008              14.684              7.693 52

                      12/31/2009              7.693              10.608 56

                      12/31/2010              10.608              11.512 61

                      12/31/2011              11.512              10.351 60

VISL 4   2.65%

                      12/31/2007              N/A              14.340 0

                      12/31/2008              14.340              7.490 1

                      12/31/2009              7.490              10.297 1

                      12/31/2010              10.297              11.141 27

                      12/31/2011              11.141              9.987 27

VISL 5   2.50%

                      12/31/2007              N/A              14.511 0

                      12/31/2008              14.511              7.591 25

                      12/31/2009              7.591              10.452 26

                      12/31/2010              10.452              11.325 26

                      12/31/2011              11.325              10.167 27

VISL 6   2.80%

                      12/31/2007              N/A              14.170 0

                      12/31/2008              14.170              7.390 1

                      12/31/2009              7.390              10.145 2

                      12/31/2010              10.145              10.960 1

                      12/31/2011              10.960              9.810 1

VISL 7   2.45%

                      12/31/2007              N/A              14.569 0

                      12/31/2008              14.569              7.624 32

                      12/31/2009              7.624              10.504 58

                      12/31/2010              10.504              11.387 71

                      12/31/2011              11.387              10.228 65

VISL 8   2.75%

                      12/31/2007              N/A              14.226 0

                      12/31/2008              14.226              7.423 13

                      12/31/2009              7.423              10.196 17

                      12/31/2010              10.196              11.020 13

                      12/31/2011              11.020              9.869 7

VISL 9   2.60%

                      12/31/2007              N/A              14.396 0

                      12/31/2008              14.396              7.523 29

                      12/31/2009              7.523              10.349 49

                      12/31/2010              10.349              11.202 44

                      12/31/2011              11.202              10.047 34

Fidelity VIP FundsManager 50% Portfolio

VISB 1   1.70%

                      12/31/2011              N/A              10.596 36

VISB 10   2.95%

                      12/31/2011              N/A              9.865 0

VISB 11   2.10%

                      12/31/2011              N/A              10.357 0

VISB 13   3.10%

                      12/31/2011              N/A              9.781 0

VISB 14   2.25%

                      12/31/2011              N/A              10.268 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

96

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2011              N/A              10.416 10

VISB 3   2.40%

                      12/31/2011              N/A              10.181 0

VISB 4   2.70%

                      12/31/2011              N/A              10.008 0

VISB 5   2.55%

                      12/31/2011              N/A              10.094 0

VISB 6   2.85%

                      12/31/2011              N/A              9.922 0

VISB 7   2.50%

                      12/31/2011              N/A              10.123 0

VISB 8   2.80%

                      12/31/2011              N/A              9.950 0

VISB 9   2.65%

                      12/31/2011              N/A              10.036 2

VISC 1   2.45%

                      12/31/2011              N/A              10.152 0

VISC 10   3.00%

                      12/31/2011              N/A              9.837 0

VISC 11   2.30%

                      12/31/2011              N/A              10.239 1

VISC 12   3.15%

                      12/31/2011              N/A              9.753 0

VISC 13   1.75%

                      12/31/2011              N/A              10.566 0

VISC 14   2.05%

                      12/31/2011              N/A              10.387 0

VISC 2   2.75%

                      12/31/2011              N/A              9.979 0

VISC 3   2.60%

                      12/31/2011              N/A              10.065 0

VISC 4   2.90%

                      12/31/2011              N/A              9.894 0

VISC 5   2.15%

                      12/31/2011              N/A              10.327 0

VISC 7   2.55%

                      12/31/2011              N/A              10.094 0

VISC 8   2.85%

                      12/31/2011              N/A              9.922 0

VISC 9   2.70%

                      12/31/2011              N/A              10.008 0

VISI 1   1.40%

                      12/31/2011              N/A              10.780 0

VISI 10   2.65%

                      12/31/2011              N/A              10.036 0

VISI 11   1.80%

                      12/31/2011              N/A              10.536 2

VISI 13   1.95%

                      12/31/2011              N/A              10.446 0

VISI 14   2.80%

                      12/31/2011              N/A              9.950 0

VISI 2   1.70%

                      12/31/2011              N/A              10.596 11

VISI 3   2.10%

                      12/31/2011              N/A              10.357 0

VISI 4   2.40%

                      12/31/2011              N/A              10.181 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2011              N/A              10.268 0

VISI 6   2.55%

                      12/31/2011              N/A              10.094 0

VISI 7   2.20%

                      12/31/2011              N/A              10.298 0

VISI 8   2.50%

                      12/31/2011              N/A              10.123 46

VISI 9   2.35%

                      12/31/2011              N/A              10.210 8

VISL 1   1.65%

                      12/31/2011              N/A              10.627 36

VISL 10   2.90%

                      12/31/2011              N/A              9.894 0

VISL 11   2.05%

                      12/31/2011              N/A              10.387 2

VISL 13   3.05%

                      12/31/2011              N/A              9.809 0

VISL 14   2.20%

                      12/31/2011              N/A              10.298 0

VISL 2   1.95%

                      12/31/2011              N/A              10.446 5

VISL 3   2.35%

                      12/31/2011              N/A              10.210 6

VISL 4   2.65%

                      12/31/2011              N/A              10.036 0

VISL 5   2.50%

                      12/31/2011              N/A              10.123 0

VISL 6   2.80%

                      12/31/2011              N/A              9.950 0

VISL 7   2.45%

                      12/31/2011              N/A              10.152 9

VISL 8   2.75%

                      12/31/2011              N/A              9.979 3

VISL 9   2.60%

                      12/31/2011              N/A              10.065 11

Fidelity VIP FundsManager 60% Portfolio

VISB 1   1.70%

                      12/31/2011              N/A              9.565 114

VISB 10   2.95%

                      12/31/2011              N/A              9.057 9

VISB 11   2.10%

                      12/31/2011              N/A              9.399 0

VISB 13   3.10%

                      12/31/2011              N/A              8.998 4

VISB 14   2.25%

                      12/31/2011              N/A              9.338 0

VISB 2   2.00%

                      12/31/2011              N/A              9.440 40

VISB 3   2.40%

                      12/31/2011              N/A              9.277 6

VISB 4   2.70%

                      12/31/2011              N/A              9.157 0

VISB 5   2.55%

                      12/31/2011              N/A              9.217 0

VISB 6   2.85%

                      12/31/2011              N/A              9.097 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

97

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 7   2.50%

                      12/31/2011              N/A              9.237 0

VISB 8   2.80%

                      12/31/2011              N/A              9.117 10

VISB 9   2.65%

                      12/31/2011              N/A              9.177 1

VISC 1   2.45%

                      12/31/2011              N/A              9.257 0

VISC 10   3.00%

                      12/31/2011              N/A              9.038 0

VISC 11   2.30%

                      12/31/2011              N/A              9.318 0

VISC 12   3.15%

                      12/31/2011              N/A              8.979 0

VISC 13   1.75%

                      12/31/2011              N/A              9.544 14

VISC 14   2.05%

                      12/31/2011              N/A              9.420 0

VISC 2   2.75%

                      12/31/2011              N/A              9.137 0

VISC 3   2.60%

                      12/31/2011              N/A              9.197 0

VISC 4   2.90%

                      12/31/2011              N/A              9.077 0

VISC 5   2.15%

                      12/31/2011              N/A              9.379 0

VISC 7   2.55%

                      12/31/2011              N/A              9.217 0

VISC 8   2.85%

                      12/31/2011              N/A              9.097 14

VISC 9   2.70%

                      12/31/2011              N/A              9.157 0

VISI 1   1.40%

                      12/31/2011              N/A              9.691 0

VISI 10   2.65%

                      12/31/2011              N/A              9.177 14

VISI 11   1.80%

                      12/31/2011              N/A              9.523 0

VISI 13   1.95%

                      12/31/2011              N/A              9.461 6

VISI 14   2.80%

                      12/31/2011              N/A              9.117 1

VISI 2   1.70%

                      12/31/2011              N/A              9.565 100

VISI 3   2.10%

                      12/31/2011              N/A              9.399 1

VISI 4   2.40%

                      12/31/2011              N/A              9.277 0

VISI 5   2.25%

                      12/31/2011              N/A              9.338 41

VISI 6   2.55%

                      12/31/2011              N/A              9.217 0

VISI 7   2.20%

                      12/31/2011              N/A              9.358 7

VISI 8   2.50%

                      12/31/2011              N/A              9.237 14

VISI 9   2.35%

                      12/31/2011              N/A              9.297 58

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 1   1.65%

                      12/31/2011              N/A              9.586 156

VISL 10   2.90%

                      12/31/2011              N/A              9.077 0

VISL 11   2.05%

                      12/31/2011              N/A              9.420 0

VISL 13   3.05%

                      12/31/2011              N/A              9.018 7

VISL 14   2.20%

                      12/31/2011              N/A              9.358 0

VISL 2   1.95%

                      12/31/2011              N/A              9.461 35

VISL 3   2.35%

                      12/31/2011              N/A              9.297 1

VISL 4   2.65%

                      12/31/2011              N/A              9.177 1

VISL 5   2.50%

                      12/31/2011              N/A              9.237 4

VISL 6   2.80%

                      12/31/2011              N/A              9.117 0

VISL 7   2.45%

                      12/31/2011              N/A              9.257 5

VISL 8   2.75%

                      12/31/2011              N/A              9.137 26

VISL 9   2.60%

                      12/31/2011              N/A              9.197 10

Franklin High Income Securities Fund

VISB 1   1.70%

                      12/31/2007              N/A              23.984 55

                      12/31/2008              23.984              18.066 54

                      12/31/2009              18.066              25.345 55

                      12/31/2010              25.345              28.221 213

                      12/31/2011              28.221              29.012 318

VISB 10   2.95%

                      12/31/2007              N/A              18.925 0

                      12/31/2008              18.925              14.078 5

                      12/31/2009              14.078              19.505 20

                      12/31/2010              19.505              21.449 25

                      12/31/2011              21.449              21.777 12

VISB 11   2.10%

                      12/31/2008              N/A              16.680 9

                      12/31/2009              16.680              23.307 31

                      12/31/2010              23.307              25.849 30

                      12/31/2011              25.849              26.467 36

VISB 13   3.10%

                      12/31/2009              N/A              18.902 3

                      12/31/2010              18.902              20.754 6

                      12/31/2011              20.754              21.040 14

VISB 14   2.25%

                      12/31/2009              N/A              22.586 34

                      12/31/2010              22.586              25.012 33

                      12/31/2011              25.012              25.572 38

VISB 2   2.00%

                      12/31/2007              N/A              22.658 18

                      12/31/2008              22.658              17.016 17

                      12/31/2009              17.016              23.801 26

                      12/31/2010              23.801              26.423 89

                      12/31/2011              26.423              27.082 111

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

98

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              21.004 0

                      12/31/2008              21.004              15.711 18

                      12/31/2009              15.711              21.887 178

                      12/31/2010              21.887              24.201 50

                      12/31/2011              24.201              24.706 47

VISB 4   2.70%

                      12/31/2007              N/A              19.844 0

                      12/31/2008              19.844              14.798 9

                      12/31/2009              14.798              20.554 43

                      12/31/2010              20.554              22.659 18

                      12/31/2011              22.659              23.063 21

VISB 5   2.55%

                      12/31/2007              N/A              20.416 0

                      12/31/2008              20.416              15.248 16

                      12/31/2009              15.248              21.210 44

                      12/31/2010              21.210              23.417 27

                      12/31/2011              23.417              23.870 38

VISB 6   2.85%

                      12/31/2007              N/A              19.287 0

                      12/31/2008              19.287              14.362 4

                      12/31/2009              14.362              19.918 14

                      12/31/2010              19.918              21.925 18

                      12/31/2011              21.925              22.282 19

VISB 7   2.50%

                      12/31/2007              N/A              20.610 0

                      12/31/2008              20.610              15.401 23

                      12/31/2009              15.401              21.434 54

                      12/31/2010              21.434              23.676 52

                      12/31/2011              23.676              24.146 44

VISB 8   2.80%

                      12/31/2007              N/A              19.471 0

                      12/31/2008              19.471              14.506 15

                      12/31/2009              14.506              20.128 82

                      12/31/2010              20.128              22.167 51

                      12/31/2011              22.167              22.539 54

VISB 9   2.65%

                      12/31/2007              N/A              20.032 0

                      12/31/2008              20.032              14.947 20

                      12/31/2009              14.947              20.770 116

                      12/31/2010              20.770              22.909 103

                      12/31/2011              22.909              23.329 82

VISC 1   2.45%

                      12/31/2008              N/A              15.555 5

                      12/31/2009              15.555              21.659 6

                      12/31/2010              21.659              23.937 4

                      12/31/2011              23.937              24.425 3

VISC 10   3.00%

                      12/31/2008              N/A              13.938 0

                      12/31/2009              13.938              19.302 8

                      12/31/2010              19.302              21.215 8

                      12/31/2011              21.215              21.528 3

VISC 11   2.30%

                      12/31/2009              N/A              22.351 6

                      12/31/2010              22.351              24.738 3

                      12/31/2011              24.738              25.280 4

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              18.705 2

                      12/31/2010              18.705              20.527 2

                      12/31/2011              20.527              20.800 2

VISC 13   1.75%

                      12/31/2009              N/A              25.076 4

                      12/31/2010              25.076              27.907 51

                      12/31/2011              27.907              28.675 60

VISC 14   2.05%

                      12/31/2009              N/A              23.553 0

                      12/31/2010              23.553              26.134 0

                      12/31/2011              26.134              26.773 0

VISC 2   2.75%

                      12/31/2008              N/A              14.651 0

                      12/31/2009              14.651              20.340 0

                      12/31/2010              20.340              22.411 0

                      12/31/2011              22.411              22.799 0

VISC 3   2.60%

                      12/31/2008              N/A              15.097 4

                      12/31/2009              15.097              20.989 3

                      12/31/2010              20.989              23.162 4

                      12/31/2011              23.162              23.598 4

VISC 4   2.90%

                      12/31/2008              N/A              14.219 0

                      12/31/2009              14.219              19.710 0

                      12/31/2010              19.710              21.685 0

                      12/31/2011              21.685              22.028 0

VISC 5   2.15%

                      12/31/2008              N/A              16.515 2

                      12/31/2009              16.515              23.065 6

                      12/31/2010              23.065              25.567 8

                      12/31/2011              25.567              26.165 5

VISC 7   2.55%

                      12/31/2008              N/A              15.248 4

                      12/31/2009              15.248              21.210 4

                      12/31/2010              21.210              23.417 9

                      12/31/2011              23.417              23.870 1

VISC 8   2.85%

                      12/31/2008              N/A              14.362 0

                      12/31/2009              14.362              19.918 8

                      12/31/2010              19.918              21.925 7

                      12/31/2011              21.925              22.282 7

VISC 9   2.70%

                      12/31/2008              N/A              14.798 3

                      12/31/2009              14.798              20.554 10

                      12/31/2010              20.554              22.659 10

                      12/31/2011              22.659              23.063 6

VISI 1   1.40%

                      12/31/2007              N/A              25.387 0

                      12/31/2008              25.387              19.180 0

                      12/31/2009              19.180              26.989 0

                      12/31/2010              26.989              30.142 0

                      12/31/2011              30.142              31.080 0

VISI 10   2.65%

                      12/31/2007              N/A              20.032 0

                      12/31/2008              20.032              14.947 2

                      12/31/2009              14.947              20.770 48

                      12/31/2010              20.770              22.909 39

                      12/31/2011              22.909              23.329 51

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

99

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              17.709 51

                      12/31/2009              17.709              24.819 144

                      12/31/2010              24.819              27.608 140

                      12/31/2011              27.608              28.354 149

VISI 13   1.95%

                      12/31/2009              N/A              24.052 58

                      12/31/2010              24.052              26.714 52

                      12/31/2011              26.714              27.394 56

VISI 14   2.80%

                      12/31/2009              N/A              20.128 9

                      12/31/2010              20.128              22.167 12

                      12/31/2011              22.167              22.539 10

VISI 2   1.70%

                      12/31/2007              N/A              23.984 22

                      12/31/2008              23.984              18.066 15

                      12/31/2009              18.066              25.345 36

                      12/31/2010              25.345              28.221 173

                      12/31/2011              28.221              29.012 233

VISI 3   2.10%

                      12/31/2007              N/A              22.233 0

                      12/31/2008              22.233              16.680 27

                      12/31/2009              16.680              23.307 94

                      12/31/2010              23.307              25.849 89

                      12/31/2011              25.849              26.467 86

VISI 4   2.40%

                      12/31/2007              N/A              21.004 0

                      12/31/2008              21.004              15.711 9

                      12/31/2009              15.711              21.887 23

                      12/31/2010              21.887              24.201 22

                      12/31/2011              24.201              24.706 25

VISI 5   2.25%

                      12/31/2007              N/A              21.610 0

                      12/31/2008              21.610              16.188 13

                      12/31/2009              16.188              22.586 64

                      12/31/2010              22.586              25.012 90

                      12/31/2011              25.012              25.572 100

VISI 6   2.55%

                      12/31/2007              N/A              20.416 0

                      12/31/2008              20.416              15.248 2

                      12/31/2009              15.248              21.210 7

                      12/31/2010              21.210              23.417 9

                      12/31/2011              23.417              23.870 10

VISI 7   2.20%

                      12/31/2007              N/A              21.816 0

                      12/31/2008              21.816              16.351 58

                      12/31/2009              16.351              22.824 134

                      12/31/2010              22.824              25.288 146

                      12/31/2011              25.288              25.867 115

VISI 8   2.50%

                      12/31/2007              N/A              20.610 0

                      12/31/2008              20.610              15.401 21

                      12/31/2009              15.401              21.434 158

                      12/31/2010              21.434              23.676 134

                      12/31/2011              23.676              24.146 138

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              21.204 0

                      12/31/2008              21.204              15.869 50

                      12/31/2009              15.869              22.118 254

                      12/31/2010              22.118              24.468 201

                      12/31/2011              24.468              24.992 193

VISL 1   1.65%

                      12/31/2007              N/A              24.212 34

                      12/31/2008              24.212              18.247 43

                      12/31/2009              18.247              25.612 71

                      12/31/2010              25.612              28.533 383

                      12/31/2011              28.533              29.347 530

VISL 10   2.90%

                      12/31/2007              N/A              19.106 0

                      12/31/2008              19.106              14.219 1

                      12/31/2009              14.219              19.710 21

                      12/31/2010              19.710              21.685 29

                      12/31/2011              21.685              22.028 20

VISL 11   2.05%

                      12/31/2008              N/A              16.848 21

                      12/31/2009              16.848              23.553 64

                      12/31/2010              23.553              26.134 64

                      12/31/2011              26.134              26.773 75

VISL 13   3.05%

                      12/31/2009              N/A              19.101 17

                      12/31/2010              19.101              20.983 24

                      12/31/2011              20.983              21.282 20

VISL 14   2.20%

                      12/31/2009              N/A              22.824 33

                      12/31/2010              22.824              25.288 30

                      12/31/2011              25.288              25.867 32

VISL 2   1.95%

                      12/31/2007              N/A              22.874 12

                      12/31/2008              22.874              17.187 13

                      12/31/2009              17.187              24.052 15

                      12/31/2010              24.052              26.714 111

                      12/31/2011              26.714              27.394 155

VISL 3   2.35%

                      12/31/2007              N/A              21.204 0

                      12/31/2008              21.204              15.869 20

                      12/31/2009              15.869              22.118 88

                      12/31/2010              22.118              24.468 79

                      12/31/2011              24.468              24.992 54

VISL 4   2.65%

                      12/31/2007              N/A              20.032 0

                      12/31/2008              20.032              14.947 9

                      12/31/2009              14.947              20.770 16

                      12/31/2010              20.770              22.909 10

                      12/31/2011              22.909              23.329 9

VISL 5   2.50%

                      12/31/2007              N/A              20.610 0

                      12/31/2008              20.610              15.401 7

                      12/31/2009              15.401              21.434 39

                      12/31/2010              21.434              23.676 45

                      12/31/2011              23.676              24.146 38

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

100

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              19.471 0

                      12/31/2008              19.471              14.506 0

                      12/31/2009              14.506              20.128 4

                      12/31/2010              20.128              22.167 2

                      12/31/2011              22.167              22.539 3

VISL 7   2.45%

                      12/31/2007              N/A              20.806 0

                      12/31/2008              20.806              15.555 25

                      12/31/2009              15.555              21.659 62

                      12/31/2010              21.659              23.937 56

                      12/31/2011              23.937              24.425 46

VISL 8   2.75%

                      12/31/2007              N/A              19.656 0

                      12/31/2008              19.656              14.651 4

                      12/31/2009              14.651              20.340 117

                      12/31/2010              20.340              22.411 100

                      12/31/2011              22.411              22.799 97

VISL 9   2.60%

                      12/31/2007              N/A              20.223 0

                      12/31/2008              20.223              15.097 17

                      12/31/2009              15.097              20.989 147

                      12/31/2010              20.989              23.162 163

                      12/31/2011              23.162              23.598 139

Franklin Income Securities Fund

VISB 1   1.70%

                      12/31/2007              N/A              45.811 240

                      12/31/2008              45.811              31.680 240

                      12/31/2009              31.680              42.233 41

                      12/31/2010              42.233              46.782 33

                      12/31/2011              46.782              47.092 64

VISB 10   2.95%

                      12/31/2007              N/A              36.149 0

                      12/31/2008              36.149              24.687 16

                      12/31/2009              24.687              32.501 12

                      12/31/2010              32.501              35.556 18

                      12/31/2011              35.556              35.348 15

VISB 11   2.10%

                      12/31/2008              N/A              29.250 55

                      12/31/2009              29.250              38.837 182

                      12/31/2010              38.837              42.850 221

                      12/31/2011              42.850              42.962 254

VISB 13   3.10%

                      12/31/2009              N/A              31.496 2

                      12/31/2010              31.496              34.404 0

                      12/31/2011              34.404              34.152 0

VISB 14   2.25%

                      12/31/2009              N/A              37.636 16

                      12/31/2010              37.636              41.462 15

                      12/31/2011              41.462              41.508 31

VISB 2   2.00%

                      12/31/2007              N/A              43.279 97

                      12/31/2008              43.279              29.840 65

                      12/31/2009              29.840              39.660 15

                      12/31/2010              39.660              43.801 13

                      12/31/2011              43.801              43.959 17

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              40.120 0

                      12/31/2008              40.120              27.551 93

                      12/31/2009              27.551              36.471 228

                      12/31/2010              36.471              40.119 206

                      12/31/2011              40.119              40.103 197

VISB 4   2.70%

                      12/31/2007              N/A              37.903 0

                      12/31/2008              37.903              25.950 5

                      12/31/2009              25.950              34.249 32

                      12/31/2010              34.249              37.562 28

                      12/31/2011              37.562              37.435 26

VISB 5   2.55%

                      12/31/2007              N/A              38.995 0

                      12/31/2008              38.995              26.738 44

                      12/31/2009              26.738              35.343 114

                      12/31/2010              35.343              38.819 110

                      12/31/2011              38.819              38.746 103

VISB 6   2.85%

                      12/31/2007              N/A              36.840 0

                      12/31/2008              36.840              25.185 3

                      12/31/2009              25.185              33.190 26

                      12/31/2010              33.190              36.345 22

                      12/31/2011              36.345              36.168 26

VISB 7   2.50%

                      12/31/2007              N/A              39.367 0

                      12/31/2008              39.367              27.007 95

                      12/31/2009              27.007              35.715 108

                      12/31/2010              35.715              39.247 118

                      12/31/2011              39.247              39.194 106

VISB 8   2.80%

                      12/31/2007              N/A              37.191 0

                      12/31/2008              37.191              25.437 29

                      12/31/2009              25.437              33.539 58

                      12/31/2010              33.539              36.746 33

                      12/31/2011              36.746              36.586 34

VISB 9   2.65%

                      12/31/2007              N/A              38.263 0

                      12/31/2008              38.263              26.210 62

                      12/31/2009              26.210              34.610 87

                      12/31/2010              34.610              37.976 86

                      12/31/2011              37.976              37.867 105

VISC 1   2.45%

                      12/31/2008              N/A              27.277 6

                      12/31/2009              27.277              36.091 10

                      12/31/2010              36.091              39.681 10

                      12/31/2011              39.681              39.646 10

VISC 10   3.00%

                      12/31/2008              N/A              24.442 1

                      12/31/2009              24.442              32.163 3

                      12/31/2010              32.163              35.167 1

                      12/31/2011              35.167              34.944 1

VISC 11   2.30%

                      12/31/2009              N/A              37.244 2

                      12/31/2010              37.244              41.009 0

                      12/31/2011              41.009              41.034 2

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

101

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              31.168 0

                      12/31/2010              31.168              34.028 0

                      12/31/2011              34.028              33.762 0

VISC 13   1.75%

                      12/31/2009              N/A              41.784 0

                      12/31/2010              41.784              46.262 2

                      12/31/2011              46.262              46.546 5

VISC 14   2.05%

                      12/31/2009              N/A              39.246 0

                      12/31/2010              39.246              43.323 0

                      12/31/2011              43.323              43.458 0

VISC 2   2.75%

                      12/31/2008              N/A              25.692 3

                      12/31/2009              25.692              33.892 3

                      12/31/2010              33.892              37.151 3

                      12/31/2011              37.151              37.008 3

VISC 3   2.60%

                      12/31/2008              N/A              26.473 7

                      12/31/2009              26.473              34.975 0

                      12/31/2010              34.975              38.395 0

                      12/31/2011              38.395              38.304 2

VISC 4   2.90%

                      12/31/2008              N/A              24.935 0

                      12/31/2009              24.935              32.844 0

                      12/31/2010              32.844              35.948 0

                      12/31/2011              35.948              35.756 0

VISC 5   2.15%

                      12/31/2008              N/A              28.960 15

                      12/31/2009              28.960              38.433 14

                      12/31/2010              38.433              42.382 15

                      12/31/2011              42.382              42.472 5

VISC 7   2.55%

                      12/31/2008              N/A              26.738 6

                      12/31/2009              26.738              35.343 7

                      12/31/2010              35.343              38.819 5

                      12/31/2011              38.819              38.746 4

VISC 8   2.85%

                      12/31/2008              N/A              25.185 2

                      12/31/2009              25.185              33.190 2

                      12/31/2010              33.190              36.345 2

                      12/31/2011              36.345              36.168 2

VISC 9   2.70%

                      12/31/2008              N/A              25.950 6

                      12/31/2009              25.950              34.249 9

                      12/31/2010              34.249              37.562 12

                      12/31/2011              37.562              37.435 8

VISI 1   1.40%

                      12/31/2007              N/A              48.490 0

                      12/31/2008              48.490              33.635 0

                      12/31/2009              33.635              44.972 0

                      12/31/2010              44.972              49.967 0

                      12/31/2011              49.967              50.449 0

VISI 10   2.65%

                      12/31/2007              N/A              38.263 0

                      12/31/2008              38.263              26.210 29

                      12/31/2009              26.210              34.610 65

                      12/31/2010              34.610              37.976 54

                      12/31/2011              37.976              37.867 55

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              31.055 343

                      12/31/2009              31.055              41.357 571

                      12/31/2010              41.357              45.767 613

                      12/31/2011              45.767              46.024 664

VISI 13   1.95%

                      12/31/2009              N/A              40.077 58

                      12/31/2010              40.077              44.284 65

                      12/31/2011              44.284              44.467 67

VISI 14   2.80%

                      12/31/2009              N/A              33.539 2

                      12/31/2010              33.539              36.746 0

                      12/31/2011              36.746              36.586 0

VISI 2   1.70%

                      12/31/2007              N/A              45.811 102

                      12/31/2008              45.811              31.680 109

                      12/31/2009              31.680              42.233 53

                      12/31/2010              42.233              46.782 77

                      12/31/2011              46.782              47.092 84

VISI 3   2.10%

                      12/31/2007              N/A              42.467 0

                      12/31/2008              42.467              29.250 241

                      12/31/2009              29.250              38.837 453

                      12/31/2010              38.837              42.850 447

                      12/31/2011              42.850              42.962 400

VISI 4   2.40%

                      12/31/2007              N/A              40.120 0

                      12/31/2008              40.120              27.551 35

                      12/31/2009              27.551              36.471 83

                      12/31/2010              36.471              40.119 79

                      12/31/2011              40.119              40.103 73

VISI 5   2.25%

                      12/31/2007              N/A              41.276 0

                      12/31/2008              41.276              28.388 143

                      12/31/2009              28.388              37.636 318

                      12/31/2010              37.636              41.462 311

                      12/31/2011              41.462              41.508 295

VISI 6   2.55%

                      12/31/2007              N/A              38.995 0

                      12/31/2008              38.995              26.738 7

                      12/31/2009              26.738              35.343 29

                      12/31/2010              35.343              38.819 35

                      12/31/2011              38.819              38.746 35

VISI 7   2.20%

                      12/31/2007              N/A              41.669 0

                      12/31/2008              41.669              28.672 231

                      12/31/2009              28.672              38.032 339

                      12/31/2010              38.032              41.919 338

                      12/31/2011              41.919              41.987 304

VISI 8   2.50%

                      12/31/2007              N/A              39.367 0

                      12/31/2008              39.367              27.007 75

                      12/31/2009              27.007              35.715 130

                      12/31/2010              35.715              39.247 101

                      12/31/2011              39.247              39.194 126

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

102

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              40.502 0

                      12/31/2008              40.502              27.827 220

                      12/31/2009              27.827              36.855 313

                      12/31/2010              36.855              40.561 301

                      12/31/2011              40.561              40.566 288

VISL 1   1.65%

                      12/31/2007              N/A              46.247 257

                      12/31/2008              46.247              31.998 283

                      12/31/2009              31.998              42.677 31

                      12/31/2010              42.677              47.299 60

                      12/31/2011              47.299              47.636 98

VISL 10   2.90%

                      12/31/2007              N/A              36.493 0

                      12/31/2008              36.493              24.935 33

                      12/31/2009              24.935              32.844 61

                      12/31/2010              32.844              35.948 51

                      12/31/2011              35.948              35.756 67

VISL 11   2.05%

                      12/31/2008              N/A              29.544 140

                      12/31/2009              29.544              39.246 282

                      12/31/2010              39.246              43.323 285

                      12/31/2011              43.323              43.458 325

VISL 13   3.05%

                      12/31/2009              N/A              31.828 2

                      12/31/2010              31.828              34.783 0

                      12/31/2011              34.783              34.546 19

VISL 14   2.20%

                      12/31/2009              N/A              38.032 22

                      12/31/2010              38.032              41.919 17

                      12/31/2011              41.919              41.987 23

VISL 2   1.95%

                      12/31/2007              N/A              43.691 85

                      12/31/2008              43.691              30.139 71

                      12/31/2009              30.139              40.077 15

                      12/31/2010              40.077              44.284 35

                      12/31/2011              44.284              44.467 50

VISL 3   2.35%

                      12/31/2007              N/A              40.502 0

                      12/31/2008              40.502              27.827 123

                      12/31/2009              27.827              36.855 231

                      12/31/2010              36.855              40.561 215

                      12/31/2011              40.561              40.566 205

VISL 4   2.65%

                      12/31/2007              N/A              38.263 0

                      12/31/2008              38.263              26.210 19

                      12/31/2009              26.210              34.610 56

                      12/31/2010              34.610              37.976 52

                      12/31/2011              37.976              37.867 48

VISL 5   2.50%

                      12/31/2007              N/A              39.367 0

                      12/31/2008              39.367              27.007 68

                      12/31/2009              27.007              35.715 142

                      12/31/2010              35.715              39.247 137

                      12/31/2011              39.247              39.194 130

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              37.191 0

                      12/31/2008              37.191              25.437 13

                      12/31/2009              25.437              33.539 30

                      12/31/2010              33.539              36.746 26

                      12/31/2011              36.746              36.586 11

VISL 7   2.45%

                      12/31/2007              N/A              39.741 0

                      12/31/2008              39.741              27.277 123

                      12/31/2009              27.277              36.091 133

                      12/31/2010              36.091              39.681 140

                      12/31/2011              39.681              39.646 126

VISL 8   2.75%

                      12/31/2007              N/A              37.545 0

                      12/31/2008              37.545              25.692 27

                      12/31/2009              25.692              33.892 60

                      12/31/2010              33.892              37.151 49

                      12/31/2011              37.151              37.008 52

VISL 9   2.60%

                      12/31/2007              N/A              38.628 0

                      12/31/2008              38.628              26.473 153

                      12/31/2009              26.473              34.975 179

                      12/31/2010              34.975              38.395 148

                      12/31/2011              38.395              38.304 172

Franklin Templeton VIP Founding Funds Allocation Fund

VISB 1   1.70%

                      12/31/2007              N/A              9.232 256

                      12/31/2008              9.232              5.821 352

                      12/31/2009              5.821              7.454 111

                      12/31/2010              7.454              8.079 80

                      12/31/2011              8.079              7.821 82

VISB 10   2.95%

                      12/31/2007              N/A              9.175 0

                      12/31/2008              9.175              5.712 86

                      12/31/2009              5.712              7.224 163

                      12/31/2010              7.224              7.733 168

                      12/31/2011              7.733              7.393 174

VISB 11   2.10%

                      12/31/2008              N/A              5.786 82

                      12/31/2009              5.786              7.380 84

                      12/31/2010              7.380              7.967 73

                      12/31/2011              7.967              7.682 76

VISB 13   3.10%

                      12/31/2009              N/A              7.197 0

                      12/31/2010              7.197              7.693 0

                      12/31/2011              7.693              7.343 0

VISB 14   2.25%

                      12/31/2009              N/A              7.352 21

                      12/31/2010              7.352              7.925 19

                      12/31/2011              7.925              7.630 17

VISB 2   2.00%

                      12/31/2007              N/A              9.219 39

                      12/31/2008              9.219              5.795 175

                      12/31/2009              5.795              7.398 33

                      12/31/2010              7.398              7.995 144

                      12/31/2011              7.995              7.716 103

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

103

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              9.200 0

                      12/31/2008              9.200              5.760 666

                      12/31/2009              5.760              7.325 1097

                      12/31/2010              7.325              7.884 753

                      12/31/2011              7.884              7.579 732

VISB 4   2.70%

                      12/31/2007              N/A              9.187 0

                      12/31/2008              9.187              5.734 136

                      12/31/2009              5.734              7.270 157

                      12/31/2010              7.270              7.802 121

                      12/31/2011              7.802              7.477 111

VISB 5   2.55%

                      12/31/2007              N/A              9.194 0

                      12/31/2008              9.194              5.747 370

                      12/31/2009              5.747              7.297 541

                      12/31/2010              7.297              7.843 543

                      12/31/2011              7.843              7.528 520

VISB 6   2.85%

                      12/31/2007              N/A              9.180 0

                      12/31/2008              9.180              5.721 65

                      12/31/2009              5.721              7.243 85

                      12/31/2010              7.243              7.761 91

                      12/31/2011              7.761              7.427 89

VISB 7   2.50%

                      12/31/2007              N/A              9.195 0

                      12/31/2008              9.195              5.751 733

                      12/31/2009              5.751              7.306 829

                      12/31/2010              7.306              7.856 803

                      12/31/2011              7.856              7.544 761

VISB 8   2.80%

                      12/31/2007              N/A              9.182 0

                      12/31/2008              9.182              5.725 100

                      12/31/2009              5.725              7.251 135

                      12/31/2010              7.251              7.774 151

                      12/31/2011              7.774              7.443 150

VISB 9   2.65%

                      12/31/2007              N/A              9.188 0

                      12/31/2008              9.188              5.738 450

                      12/31/2009              5.738              7.278 536

                      12/31/2010              7.278              7.815 450

                      12/31/2011              7.815              7.494 386

VISC 1   2.45%

                      12/31/2008              N/A              5.755 32

                      12/31/2009              5.755              7.315 55

                      12/31/2010              7.315              7.870 52

                      12/31/2011              7.870              7.561 48

VISC 10   3.00%

                      12/31/2008              N/A              5.708 10

                      12/31/2009              5.708              7.215 5

                      12/31/2010              7.215              7.720 18

                      12/31/2011              7.720              7.377 22

VISC 11   2.30%

                      12/31/2009              N/A              7.342 3

                      12/31/2010              7.342              7.911 0

                      12/31/2011              7.911              7.613 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              7.188 0

                      12/31/2010              7.188              7.679 0

                      12/31/2011              7.679              7.327 0

VISC 13   1.75%

                      12/31/2009              N/A              7.444 0

                      12/31/2010              7.444              8.065 5

                      12/31/2011              8.065              7.804 3

VISC 14   2.05%

                      12/31/2009              N/A              7.389 0

                      12/31/2010              7.389              7.981 0

                      12/31/2011              7.981              7.699 0

VISC 2   2.75%

                      12/31/2008              N/A              5.729 6

                      12/31/2009              5.729              7.260 6

                      12/31/2010              7.260              7.788 6

                      12/31/2011              7.788              7.460 6

VISC 3   2.60%

                      12/31/2008              N/A              5.742 3

                      12/31/2009              5.742              7.288 5

                      12/31/2010              7.288              7.829 5

                      12/31/2011              7.829              7.511 5

VISC 4   2.90%

                      12/31/2008              N/A              5.717 1

                      12/31/2009              5.717              7.233 1

                      12/31/2010              7.233              7.747 1

                      12/31/2011              7.747              7.410 1

VISC 5   2.15%

                      12/31/2008              N/A              5.781 24

                      12/31/2009              5.781              7.370 48

                      12/31/2010              7.370              7.953 26

                      12/31/2011              7.953              7.664 17

VISC 7   2.55%

                      12/31/2008              N/A              5.747 50

                      12/31/2009              5.747              7.297 47

                      12/31/2010              7.297              7.843 48

                      12/31/2011              7.843              7.528 40

VISC 8   2.85%

                      12/31/2008              N/A              5.721 29

                      12/31/2009              5.721              7.243 85

                      12/31/2010              7.243              7.761 52

                      12/31/2011              7.761              7.427 43

VISC 9   2.70%

                      12/31/2008              N/A              5.734 16

                      12/31/2009              5.734              7.270 13

                      12/31/2010              7.270              7.802 20

                      12/31/2011              7.802              7.477 20

VISI 1   1.40%

                      12/31/2007              N/A              9.246 0

                      12/31/2008              9.246              5.847 0

                      12/31/2009              5.847              7.510 0

                      12/31/2010              7.510              8.165 0

                      12/31/2011              8.165              7.927 0

VISI 10   2.65%

                      12/31/2007              N/A              9.188 0

                      12/31/2008              9.188              5.738 278

                      12/31/2009              5.738              7.278 337

                      12/31/2010              7.278              7.815 250

                      12/31/2011              7.815              7.494 240

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

104

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              5.812 415

                      12/31/2009              5.812              7.435 682

                      12/31/2010              7.435              8.051 660

                      12/31/2011              8.051              7.786 624

VISI 13   1.95%

                      12/31/2009              N/A              7.407 132

                      12/31/2010              7.407              8.009 147

                      12/31/2011              8.009              7.733 117

VISI 14   2.80%

                      12/31/2009              N/A              7.251 7

                      12/31/2010              7.251              7.774 0

                      12/31/2011              7.774              7.443 0

VISI 2   1.70%

                      12/31/2007              N/A              9.232 97

                      12/31/2008              9.232              5.821 224

                      12/31/2009              5.821              7.454 183

                      12/31/2010              7.454              8.079 264

                      12/31/2011              8.079              7.821 225

VISI 3   2.10%

                      12/31/2007              N/A              9.214 0

                      12/31/2008              9.214              5.786 968

                      12/31/2009              5.786              7.380 1229

                      12/31/2010              7.380              7.967 1225

                      12/31/2011              7.967              7.682 1135

VISI 4   2.40%

                      12/31/2007              N/A              9.200 0

                      12/31/2008              9.200              5.760 188

                      12/31/2009              5.760              7.325 242

                      12/31/2010              7.325              7.884 262

                      12/31/2011              7.884              7.579 236

VISI 5   2.25%

                      12/31/2007              N/A              9.207 0

                      12/31/2008              9.207              5.773 809

                      12/31/2009              5.773              7.352 958

                      12/31/2010              7.352              7.925 1017

                      12/31/2011              7.925              7.630 1008

VISI 6   2.55%

                      12/31/2007              N/A              9.194 0

                      12/31/2008              9.194              5.747 11

                      12/31/2009              5.747              7.297 11

                      12/31/2010              7.297              7.843 50

                      12/31/2011              7.843              7.528 49

VISI 7   2.20%

                      12/31/2007              N/A              9.209 0

                      12/31/2008              9.209              5.777 1583

                      12/31/2009              5.777              7.361 2111

                      12/31/2010              7.361              7.939 2070

                      12/31/2011              7.939              7.647 2094

VISI 8   2.50%

                      12/31/2007              N/A              9.195 0

                      12/31/2008              9.195              5.751 441

                      12/31/2009              5.751              7.306 644

                      12/31/2010              7.306              7.856 511

                      12/31/2011              7.856              7.544 524

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              9.202 0

                      12/31/2008              9.202              5.764 1510

                      12/31/2009              5.764              7.333 2193

                      12/31/2010              7.333              7.897 1984

                      12/31/2011              7.897              7.596 1885

VISL 1   1.65%

                      12/31/2007              N/A              9.235 326

                      12/31/2008              9.235              5.825 641

                      12/31/2009              5.825              7.463 237

                      12/31/2010              7.463              8.093 115

                      12/31/2011              8.093              7.839 137

VISL 10   2.90%

                      12/31/2007              N/A              9.177 0

                      12/31/2008              9.177              5.717 130

                      12/31/2009              5.717              7.233 171

                      12/31/2010              7.233              7.747 190

                      12/31/2011              7.747              7.410 184

VISL 11   2.05%

                      12/31/2008              N/A              5.790 172

                      12/31/2009              5.790              7.389 446

                      12/31/2010              7.389              7.981 247

                      12/31/2011              7.981              7.699 220

VISL 13   3.05%

                      12/31/2009              N/A              7.206 30

                      12/31/2010              7.206              7.706 0

                      12/31/2011              7.706              7.360 0

VISL 14   2.20%

                      12/31/2009              N/A              7.361 69

                      12/31/2010              7.361              7.939 72

                      12/31/2011              7.939              7.647 65

VISL 2   1.95%

                      12/31/2007              N/A              9.221 58

                      12/31/2008              9.221              5.799 93

                      12/31/2009              5.799              7.407 46

                      12/31/2010              7.407              8.009 77

                      12/31/2011              8.009              7.734 83

VISL 3   2.35%

                      12/31/2007              N/A              9.203 0

                      12/31/2008              9.203              5.764 738

                      12/31/2009              5.764              7.334 864

                      12/31/2010              7.334              7.898 885

                      12/31/2011              7.898              7.596 822

VISL 4   2.65%

                      12/31/2007              N/A              9.189 0

                      12/31/2008              9.189              5.738 119

                      12/31/2009              5.738              7.279 232

                      12/31/2010              7.279              7.815 241

                      12/31/2011              7.815              7.494 146

VISL 5   2.50%

                      12/31/2007              N/A              9.196 0

                      12/31/2008              9.196              5.751 263

                      12/31/2009              5.751              7.306 470

                      12/31/2010              7.306              7.856 456

                      12/31/2011              7.856              7.545 350

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

105

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              9.182 0

                      12/31/2008              9.182              5.726 45

                      12/31/2009              5.726              7.252 64

                      12/31/2010              7.252              7.775 53

                      12/31/2011              7.775              7.444 41

VISL 7   2.45%

                      12/31/2007              N/A              9.198 0

                      12/31/2008              9.198              5.755 1255

                      12/31/2009              5.755              7.315 1246

                      12/31/2010              7.315              7.870 1136

                      12/31/2011              7.870              7.561 1039

VISL 8   2.75%

                      12/31/2007              N/A              9.184 0

                      12/31/2008              9.184              5.729 191

                      12/31/2009              5.729              7.260 188

                      12/31/2010              7.260              7.788 188

                      12/31/2011              7.788              7.460 181

VISL 9   2.60%

                      12/31/2007              N/A              9.191 0

                      12/31/2008              9.191              5.742 747

                      12/31/2009              5.742              7.288 850

                      12/31/2010              7.288              7.829 828

                      12/31/2011              7.829              7.511 673

Franklin U.S. Government Fund

VISB 1   1.70%

                      12/31/2007              N/A              24.767 29

                      12/31/2008              24.767              26.196 55

                      12/31/2009              26.196              26.551 74

                      12/31/2010              26.551              27.483 177

                      12/31/2011              27.483              28.555 207

VISB 10   2.95%

                      12/31/2007              N/A              19.576 0

                      12/31/2008              19.576              20.448 14

                      12/31/2009              20.448              20.468 97

                      12/31/2010              20.468              20.923 65

                      12/31/2011              20.923              21.470 72

VISB 11   2.10%

                      12/31/2008              N/A              24.199 14

                      12/31/2009              24.199              24.430 19

                      12/31/2010              24.430              25.186 72

                      12/31/2011              25.186              26.065 14

VISB 13   3.10%

                      12/31/2009              N/A              19.838 76

                      12/31/2010              19.838              20.249 54

                      12/31/2011              20.249              20.747 34

VISB 14   2.25%

                      12/31/2009              N/A              23.679 32

                      12/31/2010              23.679              24.375 33

                      12/31/2011              24.375              25.188 34

VISB 2   2.00%

                      12/31/2007              N/A              23.408 12

                      12/31/2008              23.408              24.684 38

                      12/31/2009              24.684              24.944 18

                      12/31/2010              24.944              25.742 78

                      12/31/2011              25.742              26.666 96

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              21.711 0

                      12/31/2008              21.711              22.803 68

                      12/31/2009              22.803              22.951 173

                      12/31/2010              22.951              23.590 111

                      12/31/2011              23.590              24.340 80

VISB 4   2.70%

                      12/31/2007              N/A              20.519 0

                      12/31/2008              20.519              21.486 7

                      12/31/2009              21.486              21.561 8

                      12/31/2010              21.561              22.096 15

                      12/31/2011              22.096              22.730 13

VISB 5   2.55%

                      12/31/2007              N/A              21.106 0

                      12/31/2008              21.106              22.135 20

                      12/31/2009              22.135              22.245 43

                      12/31/2010              22.245              22.831 59

                      12/31/2011              22.831              23.522 53

VISB 6   2.85%

                      12/31/2007              N/A              19.948 0

                      12/31/2008              19.948              20.857 10

                      12/31/2009              20.857              20.898 12

                      12/31/2010              20.898              21.384 12

                      12/31/2011              21.384              21.965 12

VISB 7   2.50%

                      12/31/2007              N/A              21.306 0

                      12/31/2008              21.306              22.355 64

                      12/31/2009              22.355              22.478 141

                      12/31/2010              22.478              23.081 104

                      12/31/2011              23.081              23.791 68

VISB 8   2.80%

                      12/31/2007              N/A              20.137 0

                      12/31/2008              20.137              21.065 26

                      12/31/2009              21.065              21.117 129

                      12/31/2010              21.117              21.619 121

                      12/31/2011              21.619              22.217 106

VISB 9   2.65%

                      12/31/2007              N/A              20.713 0

                      12/31/2008              20.713              21.700 52

                      12/31/2009              21.700              21.787 199

                      12/31/2010              21.787              22.338 171

                      12/31/2011              22.338              22.991 170

VISC 1   2.45%

                      12/31/2008              N/A              22.578 19

                      12/31/2009              22.578              22.713 13

                      12/31/2010              22.713              23.334 11

                      12/31/2011              23.334              24.064 9

VISC 10   3.00%

                      12/31/2008              N/A              20.246 0

                      12/31/2009              20.246              20.256 1

                      12/31/2010              20.256              20.696 0

                      12/31/2011              20.696              21.226 8

VISC 11   2.30%

                      12/31/2009              N/A              23.434 5

                      12/31/2010              23.434              24.111 4

                      12/31/2011              24.111              24.902 3

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

106

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              19.633 1

                      12/31/2010              19.633              20.029 1

                      12/31/2011              20.029              20.512 0

VISC 13   1.75%

                      12/31/2009              N/A              26.193 14

                      12/31/2010              26.193              27.098 41

                      12/31/2011              27.098              28.142 48

VISC 14   2.05%

                      12/31/2009              N/A              24.685 0

                      12/31/2010              24.685              25.462 0

                      12/31/2011              25.462              26.364 0

VISC 2   2.75%

                      12/31/2008              N/A              21.274 2

                      12/31/2009              21.274              21.338 2

                      12/31/2010              21.338              21.856 0

                      12/31/2011              21.856              22.472 0

VISC 3   2.60%

                      12/31/2008              N/A              21.916 15

                      12/31/2009              21.916              22.015 12

                      12/31/2010              22.015              22.583 8

                      12/31/2011              22.583              23.255 7

VISC 4   2.90%

                      12/31/2008              N/A              20.651 0

                      12/31/2009              20.651              20.682 0

                      12/31/2010              20.682              21.152 0

                      12/31/2011              21.152              21.716 0

VISC 5   2.15%

                      12/31/2008              N/A              23.961 7

                      12/31/2009              23.961              24.177 18

                      12/31/2010              24.177              24.913 16

                      12/31/2011              24.913              25.769 15

VISC 7   2.55%

                      12/31/2008              N/A              22.135 4

                      12/31/2009              22.135              22.245 5

                      12/31/2010              22.245              22.831 2

                      12/31/2011              22.831              23.522 4

VISC 8   2.85%

                      12/31/2008              N/A              20.857 0

                      12/31/2009              20.857              20.898 4

                      12/31/2010              20.898              21.384 3

                      12/31/2011              21.384              21.965 2

VISC 9   2.70%

                      12/31/2008              N/A              21.486 11

                      12/31/2009              21.486              21.561 16

                      12/31/2010              21.561              22.096 22

                      12/31/2011              22.096              22.730 13

VISI 1   1.40%

                      12/31/2007              N/A              26.205 0

                      12/31/2008              26.205              27.800 0

                      12/31/2009              27.800              28.262 0

                      12/31/2010              28.262              29.342 0

                      12/31/2011              29.342              30.578 0

VISI 10   2.65%

                      12/31/2007              N/A              20.713 0

                      12/31/2008              20.713              21.700 15

                      12/31/2009              21.700              21.787 105

                      12/31/2010              21.787              22.338 111

                      12/31/2011              22.338              22.991 108

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              25.682 78

                      12/31/2009              25.682              26.004 202

                      12/31/2010              26.004              26.890 249

                      12/31/2011              26.890              27.911 226

VISI 13   1.95%

                      12/31/2009              N/A              25.205 64

                      12/31/2010              25.205              26.024 118

                      12/31/2011              26.024              26.972 103

VISI 14   2.80%

                      12/31/2009              N/A              21.117 55

                      12/31/2010              21.117              21.619 15

                      12/31/2011              21.619              22.217 14

VISI 2   1.70%

                      12/31/2007              N/A              24.767 8

                      12/31/2008              24.767              26.196 32

                      12/31/2009              26.196              26.551 70

                      12/31/2010              26.551              27.483 194

                      12/31/2011              27.483              28.555 250

VISI 3   2.10%

                      12/31/2007              N/A              22.971 0

                      12/31/2008              22.971              24.199 94

                      12/31/2009              24.199              24.430 207

                      12/31/2010              24.430              25.186 190

                      12/31/2011              25.186              26.065 180

VISI 4   2.40%

                      12/31/2007              N/A              21.711 0

                      12/31/2008              21.711              22.803 17

                      12/31/2009              22.803              22.951 42

                      12/31/2010              22.951              23.590 22

                      12/31/2011              23.590              24.340 23

VISI 5   2.25%

                      12/31/2007              N/A              22.332 0

                      12/31/2008              22.332              23.491 40

                      12/31/2009              23.491              23.679 155

                      12/31/2010              23.679              24.375 165

                      12/31/2011              24.375              25.188 142

VISI 6   2.55%

                      12/31/2007              N/A              21.106 0

                      12/31/2008              21.106              22.135 1

                      12/31/2009              22.135              22.245 5

                      12/31/2010              22.245              22.831 6

                      12/31/2011              22.831              23.522 6

VISI 7   2.20%

                      12/31/2007              N/A              22.543 0

                      12/31/2008              22.543              23.725 137

                      12/31/2009              23.725              23.926 183

                      12/31/2010              23.926              24.642 167

                      12/31/2011              24.642              25.477 171

VISI 8   2.50%

                      12/31/2007              N/A              21.306 0

                      12/31/2008              21.306              22.355 24

                      12/31/2009              22.355              22.478 254

                      12/31/2010              22.478              23.081 316

                      12/31/2011              23.081              23.791 296

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

107

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              21.916 0

                      12/31/2008              21.916              23.030 119

                      12/31/2009              23.030              23.191 429

                      12/31/2010              23.191              23.849 407

                      12/31/2011              23.849              24.620 490

VISL 1   1.65%

                      12/31/2007              N/A              25.001 9

                      12/31/2008              25.001              26.457 13

                      12/31/2009              26.457              26.829 25

                      12/31/2010              26.829              27.784 268

                      12/31/2011              27.784              28.883 420

VISL 10   2.90%

                      12/31/2007              N/A              19.761 0

                      12/31/2008              19.761              20.651 7

                      12/31/2009              20.651              20.682 83

                      12/31/2010              20.682              21.152 71

                      12/31/2011              21.152              21.716 115

VISL 11   2.05%

                      12/31/2008              N/A              24.440 40

                      12/31/2009              24.440              24.685 56

                      12/31/2010              24.685              25.462 48

                      12/31/2011              25.462              26.364 49

VISL 13   3.05%

                      12/31/2009              N/A              20.046 27

                      12/31/2010              20.046              20.471 23

                      12/31/2011              20.471              20.986 95

VISL 14   2.20%

                      12/31/2009              N/A              23.926 10

                      12/31/2010              23.926              24.642 11

                      12/31/2011              24.642              25.477 9

VISL 2   1.95%

                      12/31/2007              N/A              23.629 0

                      12/31/2008              23.629              24.930 13

                      12/31/2009              24.930              25.205 38

                      12/31/2010              25.205              26.024 126

                      12/31/2011              26.024              26.972 184

VISL 3   2.35%

                      12/31/2007              N/A              21.916 0

                      12/31/2008              21.916              23.030 29

                      12/31/2009              23.030              23.191 65

                      12/31/2010              23.191              23.849 60

                      12/31/2011              23.849              24.620 76

VISL 4   2.65%

                      12/31/2007              N/A              20.713 0

                      12/31/2008              20.713              21.700 19

                      12/31/2009              21.700              21.787 67

                      12/31/2010              21.787              22.338 28

                      12/31/2011              22.338              22.991 24

VISL 5   2.50%

                      12/31/2007              N/A              21.306 0

                      12/31/2008              21.306              22.355 30

                      12/31/2009              22.355              22.478 44

                      12/31/2010              22.478              23.081 66

                      12/31/2011              23.081              23.791 50

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              20.137 0

                      12/31/2008              20.137              21.065 4

                      12/31/2009              21.065              21.117 10

                      12/31/2010              21.117              21.619 10

                      12/31/2011              21.619              22.217 17

VISL 7   2.45%

                      12/31/2007              N/A              21.507 0

                      12/31/2008              21.507              22.578 31

                      12/31/2009              22.578              22.713 85

                      12/31/2010              22.713              23.334 83

                      12/31/2011              23.334              24.064 111

VISL 8   2.75%

                      12/31/2007              N/A              20.327 0

                      12/31/2008              20.327              21.274 11

                      12/31/2009              21.274              21.338 79

                      12/31/2010              21.338              21.856 96

                      12/31/2011              21.856              22.472 88

VISL 9   2.60%

                      12/31/2007              N/A              20.909 0

                      12/31/2008              20.909              21.916 72

                      12/31/2009              21.916              22.015 231

                      12/31/2010              22.015              22.583 247

                      12/31/2011              22.583              23.255 228

Mutual Shares Securities Fund

VISB 1   1.70%

                      12/31/2007              N/A              23.353 494

                      12/31/2008              23.353              14.439 522

                      12/31/2009              14.439              17.893 95

                      12/31/2010              17.893              19.561 66

                      12/31/2011              19.561              19.032 71

VISB 10   2.95%

                      12/31/2007              N/A              20.314 0

                      12/31/2008              20.314              12.403 25

                      12/31/2009              12.403              15.180 40

                      12/31/2010              15.180              16.388 42

                      12/31/2011              16.388              15.747 38

VISB 11   2.10%

                      12/31/2008              N/A              13.754 24

                      12/31/2009              13.754              16.976 124

                      12/31/2010              16.976              18.484 172

                      12/31/2011              18.484              17.912 186

VISB 13   3.10%

                      12/31/2009              N/A              14.883 0

                      12/31/2010              14.883              16.044 0

                      12/31/2011              16.044              15.393 0

VISB 14   2.25%

                      12/31/2009              N/A              16.644 8

                      12/31/2010              16.644              18.096 9

                      12/31/2011              18.096              17.510 14

VISB 2   2.00%

                      12/31/2007              N/A              22.584 182

                      12/31/2008              22.584              13.922 140

                      12/31/2009              13.922              17.201 30

                      12/31/2010              17.201              18.747 32

                      12/31/2011              18.747              18.186 32

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

108

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 3   2.40%

                      12/31/2007              N/A              21.599 0

                      12/31/2008              21.599              13.261 158

                      12/31/2009              13.261              16.319 453

                      12/31/2010              16.319              17.715 449

                      12/31/2011              17.715              17.116 400

VISB 4   2.70%

                      12/31/2007              N/A              20.888 0

                      12/31/2008              20.888              12.786 9

                      12/31/2009              12.786              15.687 62

                      12/31/2010              15.687              16.979 67

                      12/31/2011              16.979              16.355 59

VISB 5   2.55%

                      12/31/2007              N/A              21.241 0

                      12/31/2008              21.241              13.021 83

                      12/31/2009              13.021              16.000 298

                      12/31/2010              16.000              17.343 321

                      12/31/2011              17.343              16.731 272

VISB 6   2.85%

                      12/31/2007              N/A              20.541 0

                      12/31/2008              20.541              12.555 10

                      12/31/2009              12.555              15.381 67

                      12/31/2010              15.381              16.622 71

                      12/31/2011              16.622              15.988 62

VISB 7   2.50%

                      12/31/2007              N/A              21.359 0

                      12/31/2008              21.359              13.101 191

                      12/31/2009              13.101              16.106 238

                      12/31/2010              16.106              17.466 254

                      12/31/2011              17.466              16.859 241

VISB 8   2.80%

                      12/31/2007              N/A              20.656 0

                      12/31/2008              20.656              12.632 40

                      12/31/2009              12.632              15.482 98

                      12/31/2010              15.482              16.740 91

                      12/31/2011              16.740              16.109 75

VISB 9   2.65%

                      12/31/2007              N/A              21.005 0

                      12/31/2008              21.005              12.864 161

                      12/31/2009              12.864              15.791 232

                      12/31/2010              15.791              17.099 253

                      12/31/2011              17.099              16.480 251

VISC 1   2.45%

                      12/31/2008              N/A              13.181 23

                      12/31/2009              13.181              16.212 22

                      12/31/2010              16.212              17.590 22

                      12/31/2011              17.590              16.987 22

VISC 10   3.00%

                      12/31/2008              N/A              12.328 0

                      12/31/2009              12.328              15.080 0

                      12/31/2010              15.080              16.273 2

                      12/31/2011              16.273              15.628 0

VISC 11   2.30%

                      12/31/2009              N/A              16.535 2

                      12/31/2010              16.535              17.968 6

                      12/31/2011              17.968              17.377 7

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 12   3.15%

                      12/31/2009              N/A              14.785 0

                      12/31/2010              14.785              15.931 0

                      12/31/2011              15.931              15.277 0

VISC 13   1.75%

                      12/31/2009              N/A              17.778 1

                      12/31/2010              17.778              19.425 10

                      12/31/2011              19.425              18.890 14

VISC 14   2.05%

                      12/31/2009              N/A              17.088 0

                      12/31/2010              17.088              18.615 0

                      12/31/2011              18.615              18.048 0

VISC 2   2.75%

                      12/31/2008              N/A              12.709 0

                      12/31/2009              12.709              15.584 0

                      12/31/2010              15.584              16.859 0

                      12/31/2011              16.859              16.232 0

VISC 3   2.60%

                      12/31/2008              N/A              12.942 20

                      12/31/2009              12.942              15.895 4

                      12/31/2010              15.895              17.221 8

                      12/31/2011              17.221              16.605 13

VISC 4   2.90%

                      12/31/2008              N/A              12.479 0

                      12/31/2009              12.479              15.280 0

                      12/31/2010              15.280              16.505 0

                      12/31/2011              16.505              15.867 0

VISC 5   2.15%

                      12/31/2008              N/A              13.670 6

                      12/31/2009              13.670              16.865 22

                      12/31/2010              16.865              18.354 19

                      12/31/2011              18.354              17.777 17

VISC 7   2.55%

                      12/31/2008              N/A              13.021 6

                      12/31/2009              13.021              16.000 11

                      12/31/2010              16.000              17.343 7

                      12/31/2011              17.343              16.731 6

VISC 8   2.85%

                      12/31/2008              N/A              12.555 1

                      12/31/2009              12.555              15.381 1

                      12/31/2010              15.381              16.622 1

                      12/31/2011              16.622              15.988 1

VISC 9   2.70%

                      12/31/2008              N/A              12.786 14

                      12/31/2009              12.786              15.687 19

                      12/31/2010              15.687              16.979 18

                      12/31/2011              16.979              16.355 7

VISI 1   1.40%

                      12/31/2007              N/A              24.148 0

                      12/31/2008              24.148              14.975 0

                      12/31/2009              14.975              18.614 0

                      12/31/2010              18.614              20.410 0

                      12/31/2011              20.410              19.917 0

VISI 10   2.65%

                      12/31/2007              N/A              21.005 0

                      12/31/2008              21.005              12.864 44

                      12/31/2009              12.864              15.791 79

                      12/31/2010              15.791              17.099 66

                      12/31/2011              17.099              16.480 64

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

109

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 11   1.80%

                      12/31/2008              N/A              14.265 202

                      12/31/2009              14.265              17.659 400

                      12/31/2010              17.659              19.286 380

                      12/31/2011              19.286              18.745 382

VISI 13   1.95%

                      12/31/2009              N/A              17.314 144

                      12/31/2010              17.314              18.881 156

                      12/31/2011              18.881              18.324 149

VISI 14   2.80%

                      12/31/2009              N/A              15.482 1

                      12/31/2010              15.482              16.740 0

                      12/31/2011              16.740              16.109 0

VISI 2   1.70%

                      12/31/2007              N/A              23.353 126

                      12/31/2008              23.353              14.439 165

                      12/31/2009              14.439              17.893 89

                      12/31/2010              17.893              19.561 140

                      12/31/2011              19.561              19.032 146

VISI 3   2.10%

                      12/31/2007              N/A              22.334 0

                      12/31/2008              22.334              13.754 310

                      12/31/2009              13.754              16.976 712

                      12/31/2010              16.976              18.484 721

                      12/31/2011              18.484              17.912 675

VISI 4   2.40%

                      12/31/2007              N/A              21.599 0

                      12/31/2008              21.599              13.261 35

                      12/31/2009              13.261              16.319 97

                      12/31/2010              16.319              17.715 89

                      12/31/2011              17.715              17.116 82

VISI 5   2.25%

                      12/31/2007              N/A              21.963 0

                      12/31/2008              21.963              13.505 214

                      12/31/2009              13.505              16.644 565

                      12/31/2010              16.644              18.096 536

                      12/31/2011              18.096              17.510 519

VISI 6   2.55%

                      12/31/2007              N/A              21.241 0

                      12/31/2008              21.241              13.021 10

                      12/31/2009              13.021              16.000 52

                      12/31/2010              16.000              17.343 63

                      12/31/2011              17.343              16.731 59

VISI 7   2.20%

                      12/31/2007              N/A              22.086 0

                      12/31/2008              22.086              13.587 388

                      12/31/2009              13.587              16.754 602

                      12/31/2010              16.754              18.224 603

                      12/31/2011              18.224              17.643 582

VISI 8   2.50%

                      12/31/2007              N/A              21.359 0

                      12/31/2008              21.359              13.101 91

                      12/31/2009              13.101              16.106 160

                      12/31/2010              16.106              17.466 139

                      12/31/2011              17.466              16.859 139

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 9   2.35%

                      12/31/2007              N/A              21.720 0

                      12/31/2008              21.720              13.342 366

                      12/31/2009              13.342              16.427 570

                      12/31/2010              16.427              17.841 589

                      12/31/2011              17.841              17.246 570

VISL 1   1.65%

                      12/31/2007              N/A              23.484 373

                      12/31/2008              23.484              14.527 413

                      12/31/2009              14.527              18.011 79

                      12/31/2010              18.011              19.700 139

                      12/31/2011              19.700              19.176 246

VISL 10   2.90%

                      12/31/2007              N/A              20.427 0

                      12/31/2008              20.427              12.479 19

                      12/31/2009              12.479              15.280 26

                      12/31/2010              15.280              16.505 25

                      12/31/2011              16.505              15.867 25

VISL 11   2.05%

                      12/31/2008              N/A              13.837 67

                      12/31/2009              13.837              17.088 169

                      12/31/2010              17.088              18.615 249

                      12/31/2011              18.615              18.048 240

VISL 13   3.05%

                      12/31/2009              N/A              14.981 3

                      12/31/2010              14.981              16.158 0

                      12/31/2011              16.158              15.510 0

VISL 14   2.20%

                      12/31/2009              N/A              16.754 48

                      12/31/2010              16.754              18.224 51

                      12/31/2011              18.224              17.643 60

VISL 2   1.95%

                      12/31/2007              N/A              22.711 77

                      12/31/2008              22.711              14.007 79

                      12/31/2009              14.007              17.314 23

                      12/31/2010              17.314              18.881 52

                      12/31/2011              18.881              18.324 67

VISL 3   2.35%

                      12/31/2007              N/A              21.720 0

                      12/31/2008              21.720              13.342 157

                      12/31/2009              13.342              16.427 316

                      12/31/2010              16.427              17.841 324

                      12/31/2011              17.841              17.246 312

VISL 4   2.65%

                      12/31/2007              N/A              21.005 0

                      12/31/2008              21.005              12.864 18

                      12/31/2009              12.864              15.791 58

                      12/31/2010              15.791              17.099 49

                      12/31/2011              17.099              16.480 44

VISL 5   2.50%

                      12/31/2007              N/A              21.359 0

                      12/31/2008              21.359              13.101 104

                      12/31/2009              13.101              16.106 222

                      12/31/2010              16.106              17.466 215

                      12/31/2011              17.466              16.859 216

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

110

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2007              N/A              20.656 0

                      12/31/2008              20.656              12.632 8

                      12/31/2009              12.632              15.482 24

                      12/31/2010              15.482              16.740 17

                      12/31/2011              16.740              16.109 18

VISL 7   2.45%

                      12/31/2007              N/A              21.479 0

                      12/31/2008              21.479              13.181 178

                      12/31/2009              13.181              16.212 233

                      12/31/2010              16.212              17.590 246

                      12/31/2011              17.590              16.987 224

VISL 8   2.75%

                      12/31/2007              N/A              20.772 0

                      12/31/2008              20.772              12.709 27

                      12/31/2009              12.709              15.584 54

                      12/31/2010              15.584              16.859 51

                      12/31/2011              16.859              16.232 49

VISL 9   2.60%

                      12/31/2007              N/A              21.122 0

                      12/31/2008              21.122              12.942 159

                      12/31/2009              12.942              15.895 246

                      12/31/2010              15.895              17.221 232

                      12/31/2011              17.221              16.605 206

PIMCO EqS Pathfinder Portfolio

VISB 1   1.70%

                      12/31/2010              N/A              10.316 3

                      12/31/2011              10.316              9.664 331

VISB 10   2.95%

                      12/31/2010              N/A              10.230 0

                      12/31/2011              10.230              9.464 70

VISB 11   2.10%

                      12/31/2010              N/A              10.289 0

                      12/31/2011              10.289              9.600 201

VISB 14   2.25%

                      12/31/2010              N/A              10.278 0

                      12/31/2011              10.278              9.576 71

VISB 2   2.00%

                      12/31/2010              N/A              10.295 2

                      12/31/2011              10.295              9.616 101

VISB 3   2.40%

                      12/31/2010              N/A              10.268 0

                      12/31/2011              10.268              9.552 487

VISB 4   2.70%

                      12/31/2010              N/A              10.247 0

                      12/31/2011              10.247              9.504 68

VISB 5   2.55%

                      12/31/2010              N/A              10.257 0

                      12/31/2011              10.257              9.528 542

VISB 6   2.85%

                      12/31/2010              N/A              10.237 0

                      12/31/2011              10.237              9.480 69

VISB 7   2.50%

                      12/31/2010              N/A              10.261 0

                      12/31/2011              10.261              9.536 358

VISB 8   2.80%

                      12/31/2010              N/A              10.240 0

                      12/31/2011              10.240              9.488 146

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 9   2.65%

                      12/31/2010              N/A              10.250 0

                      12/31/2011              10.250              9.512 364

VISC 1   2.45%

                      12/31/2010              N/A              10.264 0

                      12/31/2011              10.264              9.544 24

VISC 10   3.00%

                      12/31/2010              N/A              10.226 0

                      12/31/2011              10.226              9.457 1

VISC 11   2.30%

                      12/31/2010              N/A              10.275 0

                      12/31/2011              10.275              9.568 1

VISC 13   1.75%

                      12/31/2010              N/A              10.313 1

                      12/31/2011              10.313              9.656 52

VISC 14   2.05%

                      12/31/2010              N/A              10.292 0

                      12/31/2011              10.292              9.608 0

VISC 2   2.75%

                      12/31/2010              N/A              10.244 0

                      12/31/2011              10.244              9.496 0

VISC 3   2.60%

                      12/31/2010              N/A              10.254 0

                      12/31/2011              10.254              9.520 14

VISC 4   2.90%

                      12/31/2010              N/A              10.233 0

                      12/31/2011              10.233              9.472 0

VISC 5   2.15%

                      12/31/2010              N/A              10.285 1

                      12/31/2011              10.285              9.592 49

VISC 7   2.55%

                      12/31/2010              N/A              10.257 0

                      12/31/2011              10.257              9.528 18

VISC 8   2.85%

                      12/31/2010              N/A              10.237 0

                      12/31/2011              10.237              9.480 9

VISC 9   2.70%

                      12/31/2010              N/A              10.247 0

                      12/31/2011              10.247              9.504 25

VISI 1   1.40%

                      12/31/2010              N/A              10.337 0

                      12/31/2011              10.337              9.713 0

VISI 10   2.65%

                      12/31/2010              N/A              10.250 0

                      12/31/2011              10.250              9.512 161

VISI 11   1.80%

                      12/31/2010              N/A              10.309 3

                      12/31/2011              10.309              9.648 756

VISI 13   1.95%

                      12/31/2010              N/A              10.299 2

                      12/31/2011              10.299              9.624 375

VISI 2   1.70%

                      12/31/2010              N/A              10.316 10

                      12/31/2011              10.316              9.664 380

VISI 3   2.10%

                      12/31/2010              N/A              10.289 4

                      12/31/2011              10.289              9.600 798

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

111

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 4   2.40%

                      12/31/2010              N/A              10.268 0

                      12/31/2011              10.268              9.552 84

VISI 5   2.25%

                      12/31/2010              N/A              10.278 0

                      12/31/2011              10.278              9.576 661

VISI 6   2.55%

                      12/31/2010              N/A              10.257 0

                      12/31/2011              10.257              9.528 54

VISI 7   2.20%

                      12/31/2010              N/A              10.282 2

                      12/31/2011              10.282              9.584 934

VISI 8   2.50%

                      12/31/2010              N/A              10.261 0

                      12/31/2011              10.261              9.536 259

VISI 9   2.35%

                      12/31/2010              N/A              10.271 10

                      12/31/2011              10.271              9.560 1002

VISL 1   1.65%

                      12/31/2010              N/A              10.320 20

                      12/31/2011              10.320              9.672 422

VISL 10   2.90%

                      12/31/2010              N/A              10.233 12

                      12/31/2011              10.233              9.472 138

VISL 11   2.05%

                      12/31/2010              N/A              10.292 0

                      12/31/2011              10.292              9.608 356

VISL 14   2.20%

                      12/31/2010              N/A              10.282 0

                      12/31/2011              10.282              9.584 114

VISL 2   1.95%

                      12/31/2010              N/A              10.299 4

                      12/31/2011              10.299              9.624 206

VISL 3   2.35%

                      12/31/2010              N/A              10.271 3

                      12/31/2011              10.271              9.560 291

VISL 4   2.65%

                      12/31/2010              N/A              10.250 0

                      12/31/2011              10.250              9.512 93

VISL 5   2.50%

                      12/31/2010              N/A              10.261 1

                      12/31/2011              10.261              9.536 263

VISL 6   2.80%

                      12/31/2010              N/A              10.240 0

                      12/31/2011              10.240              9.488 27

VISL 7   2.45%

                      12/31/2010              N/A              10.264 0

                      12/31/2011              10.264              9.544 334

VISL 8   2.75%

                      12/31/2010              N/A              10.244 0

                      12/31/2011              10.244              9.496 142

VISL 9   2.60%

                      12/31/2010              N/A              10.254 1

                      12/31/2011              10.254              9.520 364

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

PIMCO VIT All Asset Portfolio

VISB 1   1.70%

                      12/31/2007              N/A              12.811 33

                      12/31/2008              12.811              10.599 57

                      12/31/2009              10.599              12.668 79

                      12/31/2010              12.668              14.085 706

                      12/31/2011              14.085              14.119 992

VISB 10   2.95%

                      12/31/2007              N/A              12.236 0

                      12/31/2008              12.236              9.997 7

                      12/31/2009              9.997              11.801 55

                      12/31/2010              11.801              12.958 84

                      12/31/2011              12.958              12.828 70

VISB 11   2.10%

                      12/31/2008              N/A              10.403 53

                      12/31/2009              10.403              12.384 79

                      12/31/2010              12.384              13.714 92

                      12/31/2011              13.714              13.692 105

VISB 13   3.10%

                      12/31/2009              N/A              11.701 29

                      12/31/2010              11.701              12.829 35

                      12/31/2011              12.829              12.681 31

VISB 14   2.25%

                      12/31/2009              N/A              12.279 6

                      12/31/2010              12.279              13.578 12

                      12/31/2011              13.578              13.536 14

VISB 2   2.00%

                      12/31/2007              N/A              12.670 8

                      12/31/2008              12.670              10.451 30

                      12/31/2009              10.451              12.455 47

                      12/31/2010              12.455              13.806 282

                      12/31/2011              13.806              13.798 303

VISB 3   2.40%

                      12/31/2007              N/A              12.486 0

                      12/31/2008              12.486              10.258 37

                      12/31/2009              10.258              12.175 74

                      12/31/2010              12.175              13.442 109

                      12/31/2011              13.442              13.381 127

VISB 4   2.70%

                      12/31/2007              N/A              12.349 0

                      12/31/2008              12.349              10.115 5

                      12/31/2009              10.115              11.970 14

                      12/31/2010              11.970              13.176 41

                      12/31/2011              13.176              13.076 42

VISB 5   2.55%

                      12/31/2007              N/A              12.417 0

                      12/31/2008              12.417              10.186 7

                      12/31/2009              10.186              12.072 33

                      12/31/2010              12.072              13.308 37

                      12/31/2011              13.308              13.228 53

VISB 6   2.85%

                      12/31/2007              N/A              12.281 0

                      12/31/2008              12.281              10.044 3

                      12/31/2009              10.044              11.868 10

                      12/31/2010              11.868              13.045 15

                      12/31/2011              13.045              12.927 29

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

112

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 7   2.50%

                      12/31/2007              N/A              12.440 0

                      12/31/2008              12.440              10.210 32

                      12/31/2009              10.210              12.106 72

                      12/31/2010              12.106              13.353 105

                      12/31/2011              13.353              13.279 142

VISB 8   2.80%

                      12/31/2007              N/A              12.304 0

                      12/31/2008              12.304              10.068 11

                      12/31/2009              10.068              11.902 128

                      12/31/2010              11.902              13.088 171

                      12/31/2011              13.088              12.977 170

VISB 9   2.65%

                      12/31/2007              N/A              12.372 0

                      12/31/2008              12.372              10.139 31

                      12/31/2009              10.139              12.004 239

                      12/31/2010              12.004              13.220 278

                      12/31/2011              13.220              13.127 296

VISC 1   2.45%

                      12/31/2008              N/A              10.234 7

                      12/31/2009              10.234              12.141 16

                      12/31/2010              12.141              13.398 21

                      12/31/2011              13.398              13.330 26

VISC 10   3.00%

                      12/31/2008              N/A              9.974 0

                      12/31/2009              9.974              11.767 13

                      12/31/2010              11.767              12.915 15

                      12/31/2011              12.915              12.779 12

VISC 11   2.30%

                      12/31/2009              N/A              12.244 0

                      12/31/2010              12.244              13.532 0

                      12/31/2011              13.532              13.484 0

VISC 12   3.15%

                      12/31/2009              N/A              11.668 6

                      12/31/2010              11.668              12.786 6

                      12/31/2011              12.786              12.633 6

VISC 13   1.75%

                      12/31/2009              N/A              13.367 4

                      12/31/2010              13.367              14.855 200

                      12/31/2011              14.855              14.883 352

VISC 14   2.05%

                      12/31/2009              N/A              12.419 0

                      12/31/2010              12.419              13.760 0

                      12/31/2011              13.760              13.745 0

VISC 2   2.75%

                      12/31/2008              N/A              10.091 1

                      12/31/2009              10.091              11.936 1

                      12/31/2010              11.936              13.132 2

                      12/31/2011              13.132              13.026 2

VISC 3   2.60%

                      12/31/2008              N/A              10.162 6

                      12/31/2009              10.162              12.038 7

                      12/31/2010              12.038              13.264 8

                      12/31/2011              13.264              13.177 8

VISC 4   2.90%

                      12/31/2008              N/A              10.021 0

                      12/31/2009              10.021              11.834 0

                      12/31/2010              11.834              13.001 0

                      12/31/2011              13.001              12.877 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 5   2.15%

                      12/31/2008              N/A              10.378 8

                      12/31/2009              10.378              12.349 6

                      12/31/2010              12.349              13.669 11

                      12/31/2011              13.669              13.640 9

VISC 7   2.55%

                      12/31/2008              N/A              10.186 6

                      12/31/2009              10.186              12.072 17

                      12/31/2010              12.072              13.308 18

                      12/31/2011              13.308              13.228 9

VISC 8   2.85%

                      12/31/2008              N/A              10.044 0

                      12/31/2009              10.044              11.868 46

                      12/31/2010              11.868              13.045 42

                      12/31/2011              13.045              12.927 33

VISC 9   2.70%

                      12/31/2008              N/A              10.115 4

                      12/31/2009              10.115              11.970 44

                      12/31/2010              11.970              13.176 44

                      12/31/2011              13.176              13.076 44

VISI 1   1.40%

                      12/31/2007              N/A              12.953 0

                      12/31/2008              12.953              10.749 0

                      12/31/2009              10.749              12.886 0

                      12/31/2010              12.886              14.370 0

                      12/31/2011              14.370              14.448 0

VISI 10   2.65%

                      12/31/2007              N/A              12.372 0

                      12/31/2008              12.372              10.139 16

                      12/31/2009              10.139              12.004 149

                      12/31/2010              12.004              13.220 174

                      12/31/2011              13.220              13.127 204

VISI 11   1.80%

                      12/31/2008              N/A              10.550 128

                      12/31/2009              10.550              12.597 378

                      12/31/2010              12.597              13.992 509

                      12/31/2011              13.992              14.011 644

VISI 13   1.95%

                      12/31/2009              N/A              12.490 104

                      12/31/2010              12.490              13.852 133

                      12/31/2011              13.852              13.851 178

VISI 14   2.80%

                      12/31/2009              N/A              11.902 44

                      12/31/2010              11.902              13.088 68

                      12/31/2011              13.088              12.977 52

VISI 2   1.70%

                      12/31/2007              N/A              12.811 10

                      12/31/2008              12.811              10.599 20

                      12/31/2009              10.599              12.668 85

                      12/31/2010              12.668              14.085 555

                      12/31/2011              14.085              14.119 753

VISI 3   2.10%

                      12/31/2007              N/A              12.624 0

                      12/31/2008              12.624              10.403 123

                      12/31/2009              10.403              12.384 261

                      12/31/2010              12.384              13.714 288

                      12/31/2011              13.714              13.692 315

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

113

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 4   2.40%

                      12/31/2007              N/A              12.486 0

                      12/31/2008              12.486              10.258 5

                      12/31/2009              10.258              12.175 23

                      12/31/2010              12.175              13.442 27

                      12/31/2011              13.442              13.381 35

VISI 5   2.25%

                      12/31/2007              N/A              12.555 0

                      12/31/2008              12.555              10.330 42

                      12/31/2009              10.330              12.279 155

                      12/31/2010              12.279              13.578 206

                      12/31/2011              13.578              13.536 257

VISI 6   2.55%

                      12/31/2007              N/A              12.417 0

                      12/31/2008              12.417              10.186 6

                      12/31/2009              10.186              12.072 14

                      12/31/2010              12.072              13.308 18

                      12/31/2011              13.308              13.228 20

VISI 7   2.20%

                      12/31/2007              N/A              12.578 0

                      12/31/2008              12.578              10.354 122

                      12/31/2009              10.354              12.314 236

                      12/31/2010              12.314              13.623 303

                      12/31/2011              13.623              13.588 318

VISI 8   2.50%

                      12/31/2007              N/A              12.440 0

                      12/31/2008              12.440              10.210 31

                      12/31/2009              10.210              12.106 635

                      12/31/2010              12.106              13.353 781

                      12/31/2011              13.353              13.279 760

VISI 9   2.35%

                      12/31/2007              N/A              12.509 0

                      12/31/2008              12.509              10.282 141

                      12/31/2009              10.282              12.210 799

                      12/31/2010              12.210              13.487 961

                      12/31/2011              13.487              13.432 1022

VISL 1   1.65%

                      12/31/2007              N/A              12.834 53

                      12/31/2008              12.834              10.624 97

                      12/31/2009              10.624              12.704 201

                      12/31/2010              12.704              14.132 1459

                      12/31/2011              14.132              14.173 2082

VISL 10   2.90%

                      12/31/2007              N/A              12.259 0

                      12/31/2008              12.259              10.021 9

                      12/31/2009              10.021              11.834 126

                      12/31/2010              11.834              13.001 150

                      12/31/2011              13.001              12.877 155

VISL 11   2.05%

                      12/31/2008              N/A              10.427 262

                      12/31/2009              10.427              12.419 239

                      12/31/2010              12.419              13.760 267

                      12/31/2011              13.760              13.745 285

VISL 13   3.05%

                      12/31/2009              N/A              11.734 79

                      12/31/2010              11.734              12.872 69

                      12/31/2011              12.872              12.730 60

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 14   2.20%

                      12/31/2009              N/A              12.314 80

                      12/31/2010              12.314              13.623 91

                      12/31/2011              13.623              13.588 89

VISL 2   1.95%

                      12/31/2007              N/A              12.694 3

                      12/31/2008              12.694              10.476 9

                      12/31/2009              10.476              12.490 110

                      12/31/2010              12.490              13.852 556

                      12/31/2011              13.852              13.851 719

VISL 3   2.35%

                      12/31/2007              N/A              12.509 0

                      12/31/2008              12.509              10.282 93

                      12/31/2009              10.282              12.210 174

                      12/31/2010              12.210              13.487 219

                      12/31/2011              13.487              13.432 249

VISL 4   2.65%

                      12/31/2007              N/A              12.372 0

                      12/31/2008              12.372              10.139 8

                      12/31/2009              10.139              12.004 11

                      12/31/2010              12.004              13.220 20

                      12/31/2011              13.220              13.127 25

VISL 5   2.50%

                      12/31/2007              N/A              12.440 0

                      12/31/2008              12.440              10.210 40

                      12/31/2009              10.210              12.106 103

                      12/31/2010              12.106              13.353 222

                      12/31/2011              13.353              13.279 167

VISL 6   2.80%

                      12/31/2007              N/A              12.304 0

                      12/31/2008              12.304              10.068 2

                      12/31/2009              10.068              11.902 2

                      12/31/2010              11.902              13.088 2

                      12/31/2011              13.088              12.977 3

VISL 7   2.45%

                      12/31/2007              N/A              12.463 0

                      12/31/2008              12.463              10.234 124

                      12/31/2009              10.234              12.141 193

                      12/31/2010              12.141              13.398 202

                      12/31/2011              13.398              13.330 234

VISL 8   2.75%

                      12/31/2007              N/A              12.326 0

                      12/31/2008              12.326              10.091 16

                      12/31/2009              10.091              11.936 320

                      12/31/2010              11.936              13.132 323

                      12/31/2011              13.132              13.026 382

VISL 9   2.60%

                      12/31/2007              N/A              12.394 0

                      12/31/2008              12.394              10.162 164

                      12/31/2009              10.162              12.038 468

                      12/31/2010              12.038              13.264 506

                      12/31/2011              13.264              13.177 558

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

114

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

PIMCO VIT CommodityRealReturn Strategy Portfolio

VISB 1   1.70%

                      12/31/2007              N/A              12.713 90

                      12/31/2008              12.713              7.025 199

                      12/31/2009              7.025              9.775 67

                      12/31/2010              9.775              11.967 108

                      12/31/2011              11.967              10.877 126

VISB 10   2.95%

                      12/31/2007              N/A              12.295 0

                      12/31/2008              12.295              6.710 46

                      12/31/2009              6.710              9.220 65

                      12/31/2010              9.220              11.147 46

                      12/31/2011              11.147              10.006 53

VISB 11   2.10%

                      12/31/2008              N/A              6.923 75

                      12/31/2009              6.923              9.594 128

                      12/31/2010              9.594              11.699 111

                      12/31/2011              11.699              10.590 91

VISB 13   3.10%

                      12/31/2009              N/A              9.156 21

                      12/31/2010              9.156              11.053 3

                      12/31/2011              11.053              9.906 0

VISB 14   2.25%

                      12/31/2009              N/A              9.527 58

                      12/31/2010              9.527              11.599 77

                      12/31/2011              11.599              10.485 62

VISB 2   2.00%

                      12/31/2007              N/A              12.612 14

                      12/31/2008              12.612              6.948 59

                      12/31/2009              6.948              9.639 44

                      12/31/2010              9.639              11.765 99

                      12/31/2011              11.765              10.661 144

VISB 3   2.40%

                      12/31/2007              N/A              12.478 0

                      12/31/2008              12.478              6.847 117

                      12/31/2009              6.847              9.460 197

                      12/31/2010              9.460              11.501 218

                      12/31/2011              11.501              10.380 219

VISB 4   2.70%

                      12/31/2007              N/A              12.378 0

                      12/31/2008              12.378              6.772 33

                      12/31/2009              6.772              9.329 72

                      12/31/2010              9.329              11.307 77

                      12/31/2011              11.307              10.174 83

VISB 5   2.55%

                      12/31/2007              N/A              12.428 0

                      12/31/2008              12.428              6.809 70

                      12/31/2009              6.809              9.394 190

                      12/31/2010              9.394              11.403 186

                      12/31/2011              11.403              10.277 209

VISB 6   2.85%

                      12/31/2007              N/A              12.328 0

                      12/31/2008              12.328              6.734 20

                      12/31/2009              6.734              9.263 44

                      12/31/2010              9.263              11.211 51

                      12/31/2011              11.211              10.073 47

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 7   2.50%

                      12/31/2007              N/A              12.444 0

                      12/31/2008              12.444              6.822 201

                      12/31/2009              6.822              9.416 259

                      12/31/2010              9.416              11.436 249

                      12/31/2011              11.436              10.311 242

VISB 8   2.80%

                      12/31/2007              N/A              12.345 0

                      12/31/2008              12.345              6.747 63

                      12/31/2009              6.747              9.285 133

                      12/31/2010              9.285              11.243 76

                      12/31/2011              11.243              10.107 74

VISB 9   2.65%

                      12/31/2007              N/A              12.394 0

                      12/31/2008              12.394              6.784 140

                      12/31/2009              6.784              9.350 250

                      12/31/2010              9.350              11.339 263

                      12/31/2011              11.339              10.208 220

VISC 1   2.45%

                      12/31/2008              N/A              6.834 28

                      12/31/2009              6.834              9.438 38

                      12/31/2010              9.438              11.468 38

                      12/31/2011              11.468              10.346 23

VISC 10   3.00%

                      12/31/2008              N/A              6.697 3

                      12/31/2009              6.697              9.199 7

                      12/31/2010              9.199              11.116 9

                      12/31/2011              11.116              9.973 6

VISC 11   2.30%

                      12/31/2009              N/A              9.505 7

                      12/31/2010              9.505              11.566 3

                      12/31/2011              11.566              10.450 1

VISC 12   3.15%

                      12/31/2009              N/A              9.134 2

                      12/31/2010              9.134              11.022 0

                      12/31/2011              11.022              9.873 0

VISC 13   1.75%

                      12/31/2009              N/A              9.752 4

                      12/31/2010              9.752              11.933 16

                      12/31/2011              11.933              10.841 20

VISC 14   2.05%

                      12/31/2009              N/A              9.617 0

                      12/31/2010              9.617              11.732 0

                      12/31/2011              11.732              10.626 0

VISC 2   2.75%

                      12/31/2008              N/A              6.759 1

                      12/31/2009              6.759              9.307 1

                      12/31/2010              9.307              11.275 1

                      12/31/2011              11.275              10.141 2

VISC 3   2.60%

                      12/31/2008              N/A              6.797 17

                      12/31/2009              6.797              9.372 20

                      12/31/2010              9.372              11.371 14

                      12/31/2011              11.371              10.243 15

VISC 4   2.90%

                      12/31/2008              N/A              6.722 0

                      12/31/2009              6.722              9.242 0

                      12/31/2010              9.242              11.179 0

                      12/31/2011              11.179              10.040 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

115

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 5   2.15%

                      12/31/2008              N/A              6.910 15

                      12/31/2009              6.910              9.572 17

                      12/31/2010              9.572              11.665 18

                      12/31/2011              11.665              10.555 11

VISC 7   2.55%

                      12/31/2008              N/A              6.809 12

                      12/31/2009              6.809              9.394 41

                      12/31/2010              9.394              11.403 21

                      12/31/2011              11.403              10.277 21

VISC 8   2.85%

                      12/31/2008              N/A              6.734 1

                      12/31/2009              6.734              9.263 10

                      12/31/2010              9.263              11.211 5

                      12/31/2011              11.211              10.073 3

VISC 9   2.70%

                      12/31/2008              N/A              6.772 14

                      12/31/2009              6.772              9.329 35

                      12/31/2010              9.329              11.307 29

                      12/31/2011              11.307              10.174 21

VISI 1   1.40%

                      12/31/2007              N/A              12.816 0

                      12/31/2008              12.816              7.103 0

                      12/31/2009              7.103              9.913 0

                      12/31/2010              9.913              12.173 0

                      12/31/2011              12.173              11.097 0

VISI 10   2.65%

                      12/31/2007              N/A              12.394 0

                      12/31/2008              12.394              6.784 52

                      12/31/2009              6.784              9.350 61

                      12/31/2010              9.350              11.339 97

                      12/31/2011              11.339              10.208 99

VISI 11   1.80%

                      12/31/2008              N/A              7.000 241

                      12/31/2009              7.000              9.730 445

                      12/31/2010              9.730              11.900 381

                      12/31/2011              11.900              10.804 356

VISI 13   1.95%

                      12/31/2009              N/A              9.662 200

                      12/31/2010              9.662              11.799 201

                      12/31/2011              11.799              10.697 175

VISI 14   2.80%

                      12/31/2009              N/A              9.285 1

                      12/31/2010              9.285              11.243 0

                      12/31/2011              11.243              10.107 0

VISI 2   1.70%

                      12/31/2007              N/A              12.713 23

                      12/31/2008              12.713              7.025 48

                      12/31/2009              7.025              9.775 67

                      12/31/2010              9.775              11.967 160

                      12/31/2011              11.967              10.877 186

VISI 3   2.10%

                      12/31/2007              N/A              12.578 0

                      12/31/2008              12.578              6.923 213

                      12/31/2009              6.923              9.594 379

                      12/31/2010              9.594              11.699 359

                      12/31/2011              11.699              10.590 325

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 4   2.40%

                      12/31/2007              N/A              12.478 0

                      12/31/2008              12.478              6.847 70

                      12/31/2009              6.847              9.460 78

                      12/31/2010              9.460              11.501 89

                      12/31/2011              11.501              10.380 82

VISI 5   2.25%

                      12/31/2007              N/A              12.528 0

                      12/31/2008              12.528              6.885 159

                      12/31/2009              6.885              9.527 329

                      12/31/2010              9.527              11.599 369

                      12/31/2011              11.599              10.485 356

VISI 6   2.55%

                      12/31/2007              N/A              12.428 0

                      12/31/2008              12.428              6.809 6

                      12/31/2009              6.809              9.394 22

                      12/31/2010              9.394              11.403 27

                      12/31/2011              11.403              10.277 24

VISI 7   2.20%

                      12/31/2007              N/A              12.544 0

                      12/31/2008              12.544              6.897 414

                      12/31/2009              6.897              9.549 648

                      12/31/2010              9.549              11.632 587

                      12/31/2011              11.632              10.520 598

VISI 8   2.50%

                      12/31/2007              N/A              12.444 0

                      12/31/2008              12.444              6.822 77

                      12/31/2009              6.822              9.416 166

                      12/31/2010              9.416              11.436 133

                      12/31/2011              11.436              10.311 134

VISI 9   2.35%

                      12/31/2007              N/A              12.494 0

                      12/31/2008              12.494              6.859 387

                      12/31/2009              6.859              9.483 682

                      12/31/2010              9.483              11.534 633

                      12/31/2011              11.534              10.415 582

VISL 1   1.65%

                      12/31/2007              N/A              12.730 54

                      12/31/2008              12.730              7.038 105

                      12/31/2009              7.038              9.798 55

                      12/31/2010              9.798              12.001 198

                      12/31/2011              12.001              10.913 218

VISL 10   2.90%

                      12/31/2007              N/A              12.312 0

                      12/31/2008              12.312              6.722 43

                      12/31/2009              6.722              9.242 63

                      12/31/2010              9.242              11.179 51

                      12/31/2011              11.179              10.040 48

VISL 11   2.05%

                      12/31/2008              N/A              6.935 101

                      12/31/2009              6.935              9.617 144

                      12/31/2010              9.617              11.732 104

                      12/31/2011              11.732              10.626 146

VISL 13   3.05%

                      12/31/2009              N/A              9.177 9

                      12/31/2010              9.177              11.084 0

                      12/31/2011              11.084              9.940 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

116

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 14   2.20%

                      12/31/2009              N/A              9.549 46

                      12/31/2010              9.549              11.632 43

                      12/31/2011              11.632              10.520 43

VISL 2   1.95%

                      12/31/2007              N/A              12.629 13

                      12/31/2008              12.629              6.961 34

                      12/31/2009              6.961              9.662 17

                      12/31/2010              9.662              11.799 61

                      12/31/2011              11.799              10.697 89

VISL 3   2.35%

                      12/31/2007              N/A              12.494 0

                      12/31/2008              12.494              6.859 126

                      12/31/2009              6.859              9.483 170

                      12/31/2010              9.483              11.534 150

                      12/31/2011              11.534              10.415 165

VISL 4   2.65%

                      12/31/2007              N/A              12.394 0

                      12/31/2008              12.394              6.784 26

                      12/31/2009              6.784              9.350 30

                      12/31/2010              9.350              11.339 81

                      12/31/2011              11.339              10.208 76

VISL 5   2.50%

                      12/31/2007              N/A              12.444 0

                      12/31/2008              12.444              6.822 82

                      12/31/2009              6.822              9.416 143

                      12/31/2010              9.416              11.436 132

                      12/31/2011              11.436              10.311 154

VISL 6   2.80%

                      12/31/2007              N/A              12.345 0

                      12/31/2008              12.345              6.747 17

                      12/31/2009              6.747              9.285 26

                      12/31/2010              9.285              11.243 24

                      12/31/2011              11.243              10.107 26

VISL 7   2.45%

                      12/31/2007              N/A              12.461 0

                      12/31/2008              12.461              6.834 154

                      12/31/2009              6.834              9.438 215

                      12/31/2010              9.438              11.468 203

                      12/31/2011              11.468              10.346 180

VISL 8   2.75%

                      12/31/2007              N/A              12.361 0

                      12/31/2008              12.361              6.759 35

                      12/31/2009              6.759              9.307 74

                      12/31/2010              9.307              11.275 100

                      12/31/2011              11.275              10.141 96

VISL 9   2.60%

                      12/31/2007              N/A              12.411 0

                      12/31/2008              12.411              6.797 103

                      12/31/2009              6.797              9.372 160

                      12/31/2010              9.372              11.371 134

                      12/31/2011              11.371              10.243 143

PIMCO VIT Emerging Markets Bond Portfolio

VISB 1   1.70%

                      12/31/2007              N/A              12.189 99

                      12/31/2008              12.189              10.234 100

                      12/31/2009              10.234              13.139 96

                      12/31/2010              13.139              14.489 614

                      12/31/2011              14.489              15.148 758

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 10   2.95%

                      12/31/2007              N/A              11.788 0

                      12/31/2008              11.788              9.774 4

                      12/31/2009              9.774              12.393 72

                      12/31/2010              12.393              13.497 39

                      12/31/2011              13.497              13.935 17

VISB 11   2.10%

                      12/31/2008              N/A              10.084 16

                      12/31/2009              10.084              12.895 26

                      12/31/2010              12.895              14.164 31

                      12/31/2011              14.164              14.748 37

VISB 13   3.10%

                      12/31/2009              N/A              12.306 17

                      12/31/2010              12.306              13.382 31

                      12/31/2011              13.382              13.796 21

VISB 14   2.25%

                      12/31/2009              N/A              12.805 8

                      12/31/2010              12.805              14.044 20

                      12/31/2011              14.044              14.602 10

VISB 2   2.00%

                      12/31/2007              N/A              12.091 30

                      12/31/2008              12.091              10.122 27

                      12/31/2009              10.122              12.956 61

                      12/31/2010              12.956              14.245 275

                      12/31/2011              14.245              14.847 285

VISB 3   2.40%

                      12/31/2007              N/A              11.963 0

                      12/31/2008              11.963              9.974 57

                      12/31/2009              9.974              12.716 135

                      12/31/2010              12.716              13.925 163

                      12/31/2011              13.925              14.456 158

VISB 4   2.70%

                      12/31/2007              N/A              11.867 0

                      12/31/2008              11.867              9.864 10

                      12/31/2009              9.864              12.538 44

                      12/31/2010              12.538              13.690 44

                      12/31/2011              13.690              14.169 23

VISB 5   2.55%

                      12/31/2007              N/A              11.915 0

                      12/31/2008              11.915              9.919 22

                      12/31/2009              9.919              12.627 59

                      12/31/2010              12.627              13.807 92

                      12/31/2011              13.807              14.312 73

VISB 6   2.85%

                      12/31/2007              N/A              11.820 0

                      12/31/2008              11.820              9.810 6

                      12/31/2009              9.810              12.451 22

                      12/31/2010              12.451              13.573 23

                      12/31/2011              13.573              14.028 26

VISB 7   2.50%

                      12/31/2007              N/A              11.931 0

                      12/31/2008              11.931              9.937 40

                      12/31/2009              9.937              12.656 46

                      12/31/2010              12.656              13.846 56

                      12/31/2011              13.846              14.360 47

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

117

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 8   2.80%

                      12/31/2007              N/A              11.835 0

                      12/31/2008              11.835              9.828 7

                      12/31/2009              9.828              12.480 76

                      12/31/2010              12.480              13.612 98

                      12/31/2011              13.612              14.075 65

VISB 9   2.65%

                      12/31/2007              N/A              11.883 0

                      12/31/2008              11.883              9.882 31

                      12/31/2009              9.882              12.568 85

                      12/31/2010              12.568              13.728 107

                      12/31/2011              13.728              14.217 87

VISC 1   2.45%

                      12/31/2008              N/A              9.955 1

                      12/31/2009              9.955              12.686 7

                      12/31/2010              12.686              13.885 12

                      12/31/2011              13.885              14.408 7

VISC 10   3.00%

                      12/31/2008              N/A              9.756 0

                      12/31/2009              9.756              12.364 6

                      12/31/2010              12.364              13.458 6

                      12/31/2011              13.458              13.889 5

VISC 11   2.30%

                      12/31/2009              N/A              12.775 1

                      12/31/2010              12.775              14.004 3

                      12/31/2011              14.004              14.553 0

VISC 12   3.15%

                      12/31/2009              N/A              12.277 3

                      12/31/2010              12.277              13.344 21

                      12/31/2011              13.344              13.750 2

VISC 13   1.75%

                      12/31/2009              N/A              13.108 10

                      12/31/2010              13.108              14.448 80

                      12/31/2011              14.448              15.097 256

VISC 14   2.05%

                      12/31/2009              N/A              12.925 0

                      12/31/2010              12.925              14.204 0

                      12/31/2011              14.204              14.798 0

VISC 2   2.75%

                      12/31/2008              N/A              9.846 0

                      12/31/2009              9.846              12.509 0

                      12/31/2010              12.509              13.651 1

                      12/31/2011              13.651              14.122 1

VISC 3   2.60%

                      12/31/2008              N/A              9.901 1

                      12/31/2009              9.901              12.597 17

                      12/31/2010              12.597              13.767 30

                      12/31/2011              13.767              14.264 20

VISC 4   2.90%

                      12/31/2008              N/A              9.792 0

                      12/31/2009              9.792              12.422 0

                      12/31/2010              12.422              13.535 0

                      12/31/2011              13.535              13.982 0

VISC 5   2.15%

                      12/31/2008              N/A              10.066 1

                      12/31/2009              10.066              12.865 5

                      12/31/2010              12.865              14.124 10

                      12/31/2011              14.124              14.699 1

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 7   2.55%

                      12/31/2008              N/A              9.919 0

                      12/31/2009              9.919              12.627 3

                      12/31/2010              12.627              13.807 4

                      12/31/2011              13.807              14.312 2

VISC 8   2.85%

                      12/31/2008              N/A              9.810 0

                      12/31/2009              9.810              12.451 3

                      12/31/2010              12.451              13.573 8

                      12/31/2011              13.573              14.028 5

VISC 9   2.70%

                      12/31/2008              N/A              9.864 1

                      12/31/2009              9.864              12.538 9

                      12/31/2010              12.538              13.690 11

                      12/31/2011              13.690              14.169 5

VISI 1   1.40%

                      12/31/2007              N/A              12.287 0

                      12/31/2008              12.287              10.347 0

                      12/31/2009              10.347              13.324 0

                      12/31/2010              13.324              14.738 0

                      12/31/2011              14.738              15.454 0

VISI 10   2.65%

                      12/31/2007              N/A              11.883 0

                      12/31/2008              11.883              9.882 1

                      12/31/2009              9.882              12.568 58

                      12/31/2010              12.568              13.728 78

                      12/31/2011              13.728              14.217 69

VISI 11   1.80%

                      12/31/2008              N/A              10.196 47

                      12/31/2009              10.196              13.077 134

                      12/31/2010              13.077              14.407 203

                      12/31/2011              14.407              15.047 190

VISI 13   1.95%

                      12/31/2009              N/A              12.986 56

                      12/31/2010              12.986              14.285 133

                      12/31/2011              14.285              14.897 109

VISI 14   2.80%

                      12/31/2009              N/A              12.480 21

                      12/31/2010              12.480              13.612 30

                      12/31/2011              13.612              14.075 12

VISI 2   1.70%

                      12/31/2007              N/A              12.189 28

                      12/31/2008              12.189              10.234 34

                      12/31/2009              10.234              13.139 110

                      12/31/2010              13.139              14.489 524

                      12/31/2011              14.489              15.148 678

VISI 3   2.10%

                      12/31/2007              N/A              12.059 0

                      12/31/2008              12.059              10.084 55

                      12/31/2009              10.084              12.895 117

                      12/31/2010              12.895              14.164 138

                      12/31/2011              14.164              14.748 110

VISI 4   2.40%

                      12/31/2007              N/A              11.963 0

                      12/31/2008              11.963              9.974 6

                      12/31/2009              9.974              12.716 12

                      12/31/2010              12.716              13.925 20

                      12/31/2011              13.925              14.456 17

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

118

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2007              N/A              12.011 0

                      12/31/2008              12.011              10.029 22

                      12/31/2009              10.029              12.805 80

                      12/31/2010              12.805              14.044 112

                      12/31/2011              14.044              14.602 146

VISI 6   2.55%

                      12/31/2007              N/A              11.915 0

                      12/31/2008              11.915              9.919 4

                      12/31/2009              9.919              12.627 16

                      12/31/2010              12.627              13.807 17

                      12/31/2011              13.807              14.312 14

VISI 7   2.20%

                      12/31/2007              N/A              12.027 0

                      12/31/2008              12.027              10.047 126

                      12/31/2009              10.047              12.835 209

                      12/31/2010              12.835              14.084 274

                      12/31/2011              14.084              14.650 215

VISI 8   2.50%

                      12/31/2007              N/A              11.931 0

                      12/31/2008              11.931              9.937 32

                      12/31/2009              9.937              12.656 145

                      12/31/2010              12.656              13.846 184

                      12/31/2011              13.846              14.360 154

VISI 9   2.35%

                      12/31/2007              N/A              11.979 0

                      12/31/2008              11.979              9.992 77

                      12/31/2009              9.992              12.745 297

                      12/31/2010              12.745              13.964 452

                      12/31/2011              13.964              14.504 380

VISL 1   1.65%

                      12/31/2007              N/A              12.205 23

                      12/31/2008              12.205              10.253 29

                      12/31/2009              10.253              13.170 133

                      12/31/2010              13.170              14.530 999

                      12/31/2011              14.530              15.198 1344

VISL 10   2.90%

                      12/31/2007              N/A              11.804 0

                      12/31/2008              11.804              9.792 11

                      12/31/2009              9.792              12.422 48

                      12/31/2010              12.422              13.535 44

                      12/31/2011              13.535              13.982 37

VISL 11   2.05%

                      12/31/2008              N/A              10.103 16

                      12/31/2009              10.103              12.925 59

                      12/31/2010              12.925              14.204 107

                      12/31/2011              14.204              14.798 107

VISL 13   3.05%

                      12/31/2009              N/A              12.335 20

                      12/31/2010              12.335              13.420 26

                      12/31/2011              13.420              13.842 25

VISL 14   2.20%

                      12/31/2009              N/A              12.835 10

                      12/31/2010              12.835              14.084 21

                      12/31/2011              14.084              14.650 27

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 2   1.95%

                      12/31/2007              N/A              12.108 15

                      12/31/2008              12.108              10.140 13

                      12/31/2009              10.140              12.986 37

                      12/31/2010              12.986              14.285 244

                      12/31/2011              14.285              14.897 344

VISL 3   2.35%

                      12/31/2007              N/A              11.979 0

                      12/31/2008              11.979              9.992 33

                      12/31/2009              9.992              12.745 76

                      12/31/2010              12.745              13.964 124

                      12/31/2011              13.964              14.504 105

VISL 4   2.65%

                      12/31/2007              N/A              11.883 0

                      12/31/2008              11.883              9.882 9

                      12/31/2009              9.882              12.568 19

                      12/31/2010              12.568              13.728 20

                      12/31/2011              13.728              14.217 18

VISL 5   2.50%

                      12/31/2007              N/A              11.931 0

                      12/31/2008              11.931              9.937 18

                      12/31/2009              9.937              12.656 68

                      12/31/2010              12.656              13.846 111

                      12/31/2011              13.846              14.360 64

VISL 6   2.80%

                      12/31/2007              N/A              11.835 0

                      12/31/2008              11.835              9.828 3

                      12/31/2009              9.828              12.480 15

                      12/31/2010              12.480              13.612 13

                      12/31/2011              13.612              14.075 11

VISL 7   2.45%

                      12/31/2007              N/A              11.947 0

                      12/31/2008              11.947              9.955 48

                      12/31/2009              9.955              12.686 52

                      12/31/2010              12.686              13.885 93

                      12/31/2011              13.885              14.408 77

VISL 8   2.75%

                      12/31/2007              N/A              11.851 0

                      12/31/2008              11.851              9.846 19

                      12/31/2009              9.846              12.509 63

                      12/31/2010              12.509              13.651 75

                      12/31/2011              13.651              14.122 72

VISL 9   2.60%

                      12/31/2007              N/A              11.899 0

                      12/31/2008              11.899              9.901 38

                      12/31/2009              9.901              12.597 103

                      12/31/2010              12.597              13.767 197

                      12/31/2011              13.767              14.264 173

PIMCO VIT Global Advantage Strategy Bond Portfolio

VISB 1   1.70%

                      12/31/2011              N/A              9.794 23

VISB 10   2.95%

                      12/31/2011              N/A              9.712 1

VISB 11   2.10%

                      12/31/2011              N/A              9.768 0

VISB 13   3.10%

                      12/31/2011              N/A              9.703 0

VISB 14   2.25%

                      12/31/2011              N/A              9.758 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

119

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2011              N/A              9.774 8

VISB 3   2.40%

                      12/31/2011              N/A              9.748 7

VISB 4   2.70%

                      12/31/2011              N/A              9.729 0

VISB 5   2.55%

                      12/31/2011              N/A              9.738 1

VISB 6   2.85%

                      12/31/2011              N/A              9.719 5

VISB 7   2.50%

                      12/31/2011              N/A              9.742 6

VISB 8   2.80%

                      12/31/2011              N/A              9.722 5

VISB 9   2.65%

                      12/31/2011              N/A              9.732 46

VISC 1   2.45%

                      12/31/2011              N/A              9.745 1

VISC 10   3.00%

                      12/31/2011              N/A              9.709 0

VISC 11   2.30%

                      12/31/2011              N/A              9.755 6

VISC 12   3.15%

                      12/31/2011              N/A              9.699 0

VISC 13   1.75%

                      12/31/2011              N/A              9.791 2

VISC 14   2.05%

                      12/31/2011              N/A              9.771 0

VISC 2   2.75%

                      12/31/2011              N/A              9.725 0

VISC 3   2.60%

                      12/31/2011              N/A              9.735 0

VISC 4   2.90%

                      12/31/2011              N/A              9.716 0

VISC 5   2.15%

                      12/31/2011              N/A              9.765 1

VISC 7   2.55%

                      12/31/2011              N/A              9.738 0

VISC 8   2.85%

                      12/31/2011              N/A              9.719 0

VISC 9   2.70%

                      12/31/2011              N/A              9.729 1

VISI 1   1.40%

                      12/31/2011              N/A              9.814 0

VISI 10   2.65%

                      12/31/2011              N/A              9.732 0

VISI 11   1.80%

                      12/31/2011              N/A              9.788 7

VISI 13   1.95%

                      12/31/2011              N/A              9.778 26

VISI 14   2.80%

                      12/31/2011              N/A              9.722 1

VISI 2   1.70%

                      12/31/2011              N/A              9.794 14

VISI 3   2.10%

                      12/31/2011              N/A              9.768 5

VISI 4   2.40%

                      12/31/2011              N/A              9.748 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 5   2.25%

                      12/31/2011              N/A              9.758 12

VISI 6   2.55%

                      12/31/2011              N/A              9.738 0

VISI 7   2.20%

                      12/31/2011              N/A              9.761 8

VISI 8   2.50%

                      12/31/2011              N/A              9.742 47

VISI 9   2.35%

                      12/31/2011              N/A              9.752 46

VISL 1   1.65%

                      12/31/2011              N/A              9.797 118

VISL 10   2.90%

                      12/31/2011              N/A              9.716 66

VISL 11   2.05%

                      12/31/2011              N/A              9.771 16

VISL 13   3.05%

                      12/31/2011              N/A              9.706 66

VISL 14   2.20%

                      12/31/2011              N/A              9.761 21

VISL 2   1.95%

                      12/31/2011              N/A              9.778 111

VISL 3   2.35%

                      12/31/2011              N/A              9.752 13

VISL 4   2.65%

                      12/31/2011              N/A              9.732 1

VISL 5   2.50%

                      12/31/2011              N/A              9.742 7

VISL 6   2.80%

                      12/31/2011              N/A              9.722 0

VISL 7   2.45%

                      12/31/2011              N/A              9.745 23

VISL 8   2.75%

                      12/31/2011              N/A              9.725 12

VISL 9   2.60%

                      12/31/2011              N/A              9.735 40

PIMCO VIT Global Bond Portfolio (Unhedged)

VISB 1   1.70%

                      12/31/2007              N/A              10.357 176

                      12/31/2008              10.357              10.096 167

                      12/31/2009              10.096              11.600 55

                      12/31/2010              11.600              12.734 328

                      12/31/2011              12.734              13.468 362

VISB 10   2.95%

                      12/31/2007              N/A              10.016 0

                      12/31/2008              10.016              9.642 6

                      12/31/2009              9.642              10.941 66

                      12/31/2010              10.941              11.861 76

                      12/31/2011              11.861              12.390 61

VISB 11   2.10%

                      12/31/2008              N/A              9.948 16

                      12/31/2009              9.948              11.385 12

                      12/31/2010              11.385              12.448 12

                      12/31/2011              12.448              13.113 12

VISB 13   3.10%

                      12/31/2009              N/A              10.864 19

                      12/31/2010              10.864              11.761 18

                      12/31/2011              11.761              12.266 20

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

120

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 14   2.25%

                      12/31/2009              N/A              11.305 8

                      12/31/2010              11.305              12.342 11

                      12/31/2011              12.342              12.982 10

VISB 2   2.00%

                      12/31/2007              N/A              10.274 48

                      12/31/2008              10.274              9.985 61

                      12/31/2009              9.985              11.438 85

                      12/31/2010              11.438              12.519 151

                      12/31/2011              12.519              13.201 173

VISB 3   2.40%

                      12/31/2007              N/A              10.165 0

                      12/31/2008              10.165              9.839 54

                      12/31/2009              9.839              11.226 176

                      12/31/2010              11.226              12.237 202

                      12/31/2011              12.237              12.853 132

VISB 4   2.70%

                      12/31/2007              N/A              10.084 0

                      12/31/2008              10.084              9.731 24

                      12/31/2009              9.731              11.069 29

                      12/31/2010              11.069              12.031 41

                      12/31/2011              12.031              12.598 26

VISB 5   2.55%

                      12/31/2007              N/A              10.124 0

                      12/31/2008              10.124              9.785 32

                      12/31/2009              9.785              11.147 70

                      12/31/2010              11.147              12.134 75

                      12/31/2011              12.134              12.725 69

VISB 6   2.85%

                      12/31/2007              N/A              10.043 0

                      12/31/2008              10.043              9.678 1

                      12/31/2009              9.678              10.992 5

                      12/31/2010              10.992              11.929 15

                      12/31/2011              11.929              12.473 3

VISB 7   2.50%

                      12/31/2007              N/A              10.138 0

                      12/31/2008              10.138              9.803 89

                      12/31/2009              9.803              11.174 98

                      12/31/2010              11.174              12.168 109

                      12/31/2011              12.168              12.767 99

VISB 8   2.80%

                      12/31/2007              N/A              10.057 0

                      12/31/2008              10.057              9.695 18

                      12/31/2009              9.695              11.018 59

                      12/31/2010              11.018              11.963 57

                      12/31/2011              11.963              12.514 52

VISB 9   2.65%

                      12/31/2007              N/A              10.097 0

                      12/31/2008              10.097              9.749 57

                      12/31/2009              9.749              11.095 135

                      12/31/2010              11.095              12.065 162

                      12/31/2011              12.065              12.640 155

VISC 1   2.45%

                      12/31/2008              N/A              9.821 6

                      12/31/2009              9.821              11.200 18

                      12/31/2010              11.200              12.203 18

                      12/31/2011              12.203              12.810 15

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 10   3.00%

                      12/31/2008              N/A              9.624 1

                      12/31/2009              9.624              10.915 4

                      12/31/2010              10.915              11.828 7

                      12/31/2011              11.828              12.348 7

VISC 11   2.30%

                      12/31/2009              N/A              11.279 2

                      12/31/2010              11.279              12.307 0

                      12/31/2011              12.307              12.939 0

VISC 12   3.15%

                      12/31/2009              N/A              10.839 5

                      12/31/2010              10.839              11.727 5

                      12/31/2011              11.727              12.225 5

VISC 13   1.75%

                      12/31/2009              N/A              11.572 5

                      12/31/2010              11.572              12.698 19

                      12/31/2011              12.698              13.423 39

VISC 14   2.05%

                      12/31/2009              N/A              11.411 0

                      12/31/2010              11.411              12.483 0

                      12/31/2011              12.483              13.157 0

VISC 2   2.75%

                      12/31/2008              N/A              9.713 1

                      12/31/2009              9.713              11.044 1

                      12/31/2010              11.044              11.997 2

                      12/31/2011              11.997              12.556 0

VISC 3   2.60%

                      12/31/2008              N/A              9.767 14

                      12/31/2009              9.767              11.121 22

                      12/31/2010              11.121              12.099 9

                      12/31/2011              12.099              12.682 8

VISC 4   2.90%

                      12/31/2008              N/A              9.660 0

                      12/31/2009              9.660              10.966 0

                      12/31/2010              10.966              11.895 0

                      12/31/2011              11.895              12.431 0

VISC 5   2.15%

                      12/31/2008              N/A              9.930 6

                      12/31/2009              9.930              11.358 4

                      12/31/2010              11.358              12.412 4

                      12/31/2011              12.412              13.069 3

VISC 7   2.55%

                      12/31/2008              N/A              9.785 3

                      12/31/2009              9.785              11.147 19

                      12/31/2010              11.147              12.134 3

                      12/31/2011              12.134              12.725 3

VISC 8   2.85%

                      12/31/2008              N/A              9.678 1

                      12/31/2009              9.678              10.992 5

                      12/31/2010              10.992              11.929 5

                      12/31/2011              11.929              12.473 1

VISC 9   2.70%

                      12/31/2008              N/A              9.731 7

                      12/31/2009              9.731              11.069 21

                      12/31/2010              11.069              12.031 21

                      12/31/2011              12.031              12.598 17

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

121

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 1   1.40%

                      12/31/2007              N/A              10.440 0

                      12/31/2008              10.440              10.208 0

                      12/31/2009              10.208              11.763 0

                      12/31/2010              11.763              12.952 0

                      12/31/2011              12.952              13.740 0

VISI 10   2.65%

                      12/31/2007              N/A              10.097 0

                      12/31/2008              10.097              9.749 24

                      12/31/2009              9.749              11.095 58

                      12/31/2010              11.095              12.065 61

                      12/31/2011              12.065              12.640 59

VISI 11   1.80%

                      12/31/2008              N/A              10.059 91

                      12/31/2009              10.059              11.545 199

                      12/31/2010              11.545              12.662 174

                      12/31/2011              12.662              13.378 154

VISI 13   1.95%

                      12/31/2009              N/A              11.465 87

                      12/31/2010              11.465              12.554 98

                      12/31/2011              12.554              13.245 95

VISI 14   2.80%

                      12/31/2009              N/A              11.018 17

                      12/31/2010              11.018              11.963 30

                      12/31/2011              11.963              12.514 12

VISI 2   1.70%

                      12/31/2007              N/A              10.357 36

                      12/31/2008              10.357              10.096 56

                      12/31/2009              10.096              11.600 82

                      12/31/2010              11.600              12.734 268

                      12/31/2011              12.734              13.468 345

VISI 3   2.10%

                      12/31/2007              N/A              10.247 0

                      12/31/2008              10.247              9.948 84

                      12/31/2009              9.948              11.385 149

                      12/31/2010              11.385              12.448 130

                      12/31/2011              12.448              13.113 113

VISI 4   2.40%

                      12/31/2007              N/A              10.165 0

                      12/31/2008              10.165              9.839 20

                      12/31/2009              9.839              11.226 32

                      12/31/2010              11.226              12.237 31

                      12/31/2011              12.237              12.853 37

VISI 5   2.25%

                      12/31/2007              N/A              10.206 0

                      12/31/2008              10.206              9.894 70

                      12/31/2009              9.894              11.305 125

                      12/31/2010              11.305              12.342 147

                      12/31/2011              12.342              12.982 133

VISI 6   2.55%

                      12/31/2007              N/A              10.124 0

                      12/31/2008              10.124              9.785 2

                      12/31/2009              9.785              11.147 17

                      12/31/2010              11.147              12.134 20

                      12/31/2011              12.134              12.725 15

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 7   2.20%

                      12/31/2007              N/A              10.219 0

                      12/31/2008              10.219              9.912 188

                      12/31/2009              9.912              11.331 264

                      12/31/2010              11.331              12.377 242

                      12/31/2011              12.377              13.026 211

VISI 8   2.50%

                      12/31/2007              N/A              10.138 0

                      12/31/2008              10.138              9.803 23

                      12/31/2009              9.803              11.174 164

                      12/31/2010              11.174              12.168 132

                      12/31/2011              12.168              12.767 107

VISI 9   2.35%

                      12/31/2007              N/A              10.178 0

                      12/31/2008              10.178              9.857 168

                      12/31/2009              9.857              11.252 411

                      12/31/2010              11.252              12.272 386

                      12/31/2011              12.272              12.896 320

VISL 1   1.65%

                      12/31/2007              N/A              10.371 34

                      12/31/2008              10.371              10.114 56

                      12/31/2009              10.114              11.627 43

                      12/31/2010              11.627              12.770 371

                      12/31/2011              12.770              13.513 489

VISL 10   2.90%

                      12/31/2007              N/A              10.030 0

                      12/31/2008              10.030              9.660 12

                      12/31/2009              9.660              10.966 57

                      12/31/2010              10.966              11.895 53

                      12/31/2011              11.895              12.431 39

VISL 11   2.05%

                      12/31/2008              N/A              9.967 93

                      12/31/2009              9.967              11.411 58

                      12/31/2010              11.411              12.483 56

                      12/31/2011              12.483              13.157 67

VISL 13   3.05%

                      12/31/2009              N/A              10.890 20

                      12/31/2010              10.890              11.794 15

                      12/31/2011              11.794              12.307 15

VISL 14   2.20%

                      12/31/2009              N/A              11.331 13

                      12/31/2010              11.331              12.377 15

                      12/31/2011              12.377              13.026 14

VISL 2   1.95%

                      12/31/2007              N/A              10.288 26

                      12/31/2008              10.288              10.003 30

                      12/31/2009              10.003              11.465 26

                      12/31/2010              11.465              12.554 125

                      12/31/2011              12.554              13.245 232

VISL 3   2.35%

                      12/31/2007              N/A              10.178 0

                      12/31/2008              10.178              9.857 78

                      12/31/2009              9.857              11.252 83

                      12/31/2010              11.252              12.272 81

                      12/31/2011              12.272              12.896 70

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

122

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 4   2.65%

                      12/31/2007              N/A              10.097 0

                      12/31/2008              10.097              9.749 18

                      12/31/2009              9.749              11.095 44

                      12/31/2010              11.095              12.065 30

                      12/31/2011              12.065              12.640 35

VISL 5   2.50%

                      12/31/2007              N/A              10.138 0

                      12/31/2008              10.138              9.803 73

                      12/31/2009              9.803              11.174 76

                      12/31/2010              11.174              12.168 64

                      12/31/2011              12.168              12.767 58

VISL 6   2.80%

                      12/31/2007              N/A              10.057 0

                      12/31/2008              10.057              9.695 10

                      12/31/2009              9.695              11.018 16

                      12/31/2010              11.018              11.963 17

                      12/31/2011              11.963              12.514 22

VISL 7   2.45%

                      12/31/2007              N/A              10.151 0

                      12/31/2008              10.151              9.821 52

                      12/31/2009              9.821              11.200 77

                      12/31/2010              11.200              12.203 88

                      12/31/2011              12.203              12.810 76

VISL 8   2.75%

                      12/31/2007              N/A              10.070 0

                      12/31/2008              10.070              9.713 21

                      12/31/2009              9.713              11.044 86

                      12/31/2010              11.044              11.997 82

                      12/31/2011              11.997              12.556 69

VISL 9   2.60%

                      12/31/2007              N/A              10.111 0

                      12/31/2008              10.111              9.767 58

                      12/31/2009              9.767              11.121 99

                      12/31/2010              11.121              12.099 121

                      12/31/2011              12.099              12.682 104

PIMCO VIT Global Multi-Asset Portfolio

VISB 1   1.70%

                      12/31/2009              N/A              10.005 33

                      12/31/2010              10.005              10.953 835

                      12/31/2011              10.953              10.582 1186

VISB 10   2.95%

                      12/31/2009              N/A              9.981 1

                      12/31/2010              9.981              10.791 70

                      12/31/2011              10.791              10.296 123

VISB 11   2.10%

                      12/31/2009              N/A              9.997 0

                      12/31/2010              9.997              10.901 8

                      12/31/2011              10.901              10.490 9

VISB 13   3.10%

                      12/31/2009              N/A              9.978 3

                      12/31/2010              9.978              10.772 43

                      12/31/2011              10.772              10.263 38

VISB 14   2.25%

                      12/31/2009              N/A              9.994 0

                      12/31/2010              9.994              10.882 2

                      12/31/2011              10.882              10.455 5

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 2   2.00%

                      12/31/2009              N/A              9.999 72

                      12/31/2010              9.999              10.914 407

                      12/31/2011              10.914              10.513 447

VISB 3   2.40%

                      12/31/2009              N/A              9.991 0

                      12/31/2010              9.991              10.862 34

                      12/31/2011              10.862              10.421 61

VISB 4   2.70%

                      12/31/2009              N/A              9.986 0

                      12/31/2010              9.986              10.823 21

                      12/31/2011              10.823              10.353 55

VISB 5   2.55%

                      12/31/2009              N/A              9.989 0

                      12/31/2010              9.989              10.843 4

                      12/31/2011              10.843              10.387 12

VISB 6   2.85%

                      12/31/2009              N/A              9.983 0

                      12/31/2010              9.983              10.804 4

                      12/31/2011              10.804              10.319 15

VISB 7   2.50%

                      12/31/2009              N/A              9.989 0

                      12/31/2010              9.989              10.849 15

                      12/31/2011              10.849              10.398 48

VISB 8   2.80%

                      12/31/2009              N/A              9.984 9

                      12/31/2010              9.984              10.810 32

                      12/31/2011              10.810              10.330 49

VISB 9   2.65%

                      12/31/2009              N/A              9.987 0

                      12/31/2010              9.987              10.830 62

                      12/31/2011              10.830              10.364 141

VISC 1   2.45%

                      12/31/2009              N/A              9.990 0

                      12/31/2010              9.990              10.856 15

                      12/31/2011              10.856              10.410 18

VISC 10   3.00%

                      12/31/2009              N/A              9.980 0

                      12/31/2010              9.980              10.785 3

                      12/31/2011              10.785              10.285 3

VISC 11   2.30%

                      12/31/2009              N/A              9.993 0

                      12/31/2010              9.993              10.875 0

                      12/31/2011              10.875              10.444 1

VISC 12   3.15%

                      12/31/2009              N/A              9.977 0

                      12/31/2010              9.977              10.765 0

                      12/31/2011              10.765              10.251 0

VISC 13   1.75%

                      12/31/2009              N/A              10.004 4

                      12/31/2010              10.004              10.947 309

                      12/31/2011              10.947              10.571 659

VISC 14   2.05%

                      12/31/2009              N/A              9.998 0

                      12/31/2010              9.998              10.908 0

                      12/31/2011              10.908              10.501 0

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

123

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 2   2.75%

                      12/31/2009              N/A              9.985 0

                      12/31/2010              9.985              10.817 0

                      12/31/2011              10.817              10.342 0

VISC 3   2.60%

                      12/31/2009              N/A              9.988 5

                      12/31/2010              9.988              10.836 4

                      12/31/2011              10.836              10.376 3

VISC 4   2.90%

                      12/31/2009              N/A              9.982 0

                      12/31/2010              9.982              10.798 0

                      12/31/2011              10.798              10.308 0

VISC 5   2.15%

                      12/31/2009              N/A              9.996 0

                      12/31/2010              9.996              10.895 25

                      12/31/2011              10.895              10.478 24

VISC 7   2.55%

                      12/31/2009              N/A              9.989 1

                      12/31/2010              9.989              10.843 3

                      12/31/2011              10.843              10.387 2

VISC 8   2.85%

                      12/31/2009              N/A              9.983 0

                      12/31/2010              9.983              10.804 4

                      12/31/2011              10.804              10.319 17

VISC 9   2.70%

                      12/31/2009              N/A              9.986 0

                      12/31/2010              9.986              10.823 6

                      12/31/2011              10.823              10.353 6

VISI 1   1.40%

                      12/31/2009              N/A              10.011 0

                      12/31/2010              10.011              10.992 0

                      12/31/2011              10.992              10.652 0

VISI 10   2.65%

                      12/31/2009              N/A              9.987 9

                      12/31/2010              9.987              10.830 103

                      12/31/2011              10.830              10.364 116

VISI 11   1.80%

                      12/31/2009              N/A              10.003 4

                      12/31/2010              10.003              10.940 93

                      12/31/2011              10.940              10.559 118

VISI 13   1.95%

                      12/31/2009              N/A              10.000 2

                      12/31/2010              10.000              10.921 79

                      12/31/2011              10.921              10.524 91

VISI 14   2.80%

                      12/31/2009              N/A              9.984 0

                      12/31/2010              9.984              10.810 26

                      12/31/2011              10.810              10.330 44

VISI 2   1.70%

                      12/31/2009              N/A              10.005 34

                      12/31/2010              10.005              10.953 934

                      12/31/2011              10.953              10.582 1227

VISI 3   2.10%

                      12/31/2009              N/A              9.997 15

                      12/31/2010              9.997              10.901 184

                      12/31/2011              10.901              10.490 245

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 4   2.40%

                      12/31/2009              N/A              9.991 0

                      12/31/2010              9.991              10.862 38

                      12/31/2011              10.862              10.421 38

VISI 5   2.25%

                      12/31/2009              N/A              9.994 7

                      12/31/2010              9.994              10.882 181

                      12/31/2011              10.882              10.455 119

VISI 6   2.55%

                      12/31/2009              N/A              9.989 0

                      12/31/2010              9.989              10.843 4

                      12/31/2011              10.843              10.387 3

VISI 7   2.20%

                      12/31/2009              N/A              9.995 38

                      12/31/2010              9.995              10.888 233

                      12/31/2011              10.888              10.467 266

VISI 8   2.50%

                      12/31/2009              N/A              9.989 23

                      12/31/2010              9.989              10.849 280

                      12/31/2011              10.849              10.398 401

VISI 9   2.35%

                      12/31/2009              N/A              9.992 85

                      12/31/2010              9.992              10.869 429

                      12/31/2011              10.869              10.433 563

VISL 1   1.65%

                      12/31/2009              N/A              10.006 85

                      12/31/2010              10.006              10.960 2429

                      12/31/2011              10.960              10.594 3733

VISL 10   2.90%

                      12/31/2009              N/A              9.982 2

                      12/31/2010              9.982              10.798 29

                      12/31/2011              10.798              10.308 64

VISL 11   2.05%

                      12/31/2009              N/A              9.998 2

                      12/31/2010              9.998              10.908 34

                      12/31/2011              10.908              10.501 103

VISL 13   3.05%

                      12/31/2009              N/A              9.979 0

                      12/31/2010              9.979              10.778 37

                      12/31/2011              10.778              10.274 50

VISL 14   2.20%

                      12/31/2009              N/A              9.995 0

                      12/31/2010              9.995              10.888 7

                      12/31/2011              10.888              10.467 10

VISL 2   1.95%

                      12/31/2009              N/A              10.000 16

                      12/31/2010              10.000              10.921 485

                      12/31/2011              10.921              10.524 723

VISL 3   2.35%

                      12/31/2009              N/A              9.992 4

                      12/31/2010              9.992              10.869 58

                      12/31/2011              10.869              10.433 119

VISL 4   2.65%

                      12/31/2009              N/A              9.987 0

                      12/31/2010              9.987              10.830 13

                      12/31/2011              10.830              10.364 22

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

124

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2009              N/A              9.989 3

                      12/31/2010              9.989              10.849 37

                      12/31/2011              10.849              10.398 47

VISL 6   2.80%

                      12/31/2009              N/A              9.984 0

                      12/31/2010              9.984              10.810 4

                      12/31/2011              10.810              10.330 15

VISL 7   2.45%

                      12/31/2009              N/A              9.990 3

                      12/31/2010              9.990              10.856 70

                      12/31/2011              10.856              10.410 96

VISL 8   2.75%

                      12/31/2009              N/A              9.985 1

                      12/31/2010              9.985              10.817 57

                      12/31/2011              10.817              10.342 198

VISL 9   2.60%

                      12/31/2009              N/A              9.988 4

                      12/31/2010              9.988              10.836 67

                      12/31/2011              10.836              10.376 139

PIMCO VIT High Yield Portfolio

VISB 1   1.70%

                      12/31/2007              N/A              13.962 51

                      12/31/2008              13.962              10.494 51

                      12/31/2009              10.494              14.489 84

                      12/31/2010              14.489              16.311 465

                      12/31/2011              16.311              16.576 548

VISB 10   2.95%

                      12/31/2007              N/A              12.645 0

                      12/31/2008              12.645              9.387 8

                      12/31/2009              9.387              12.799 141

                      12/31/2010              12.799              14.229 125

                      12/31/2011              14.229              14.281 55

VISB 11   2.10%

                      12/31/2008              N/A              10.126 16

                      12/31/2009              10.126              13.925 24

                      12/31/2010              13.925              15.614 43

                      12/31/2011              15.614              15.804 40

VISB 13   3.10%

                      12/31/2009              N/A              12.610 14

                      12/31/2010              12.610              13.998 17

                      12/31/2011              13.998              14.028 8

VISB 14   2.25%

                      12/31/2009              N/A              13.720 19

                      12/31/2010              13.720              15.360 27

                      12/31/2011              15.360              15.524 38

VISB 2   2.00%

                      12/31/2007              N/A              13.634 13

                      12/31/2008              13.634              10.217 19

                      12/31/2009              10.217              14.064 36

                      12/31/2010              14.064              15.785 177

                      12/31/2011              15.785              15.994 235

VISB 3   2.40%

                      12/31/2007              N/A              13.209 0

                      12/31/2008              13.209              9.859 27

                      12/31/2009              9.859              13.517 99

                      12/31/2010              13.517              15.110 139

                      12/31/2011              15.110              15.249 119

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 4   2.70%

                      12/31/2007              N/A              12.898 0

                      12/31/2008              12.898              9.599 9

                      12/31/2009              9.599              13.120 42

                      12/31/2010              13.120              14.623 26

                      12/31/2011              14.623              14.713 28

VISB 5   2.55%

                      12/31/2007              N/A              13.053 0

                      12/31/2008              13.053              9.728 19

                      12/31/2009              9.728              13.317 32

                      12/31/2010              13.317              14.865 63

                      12/31/2011              14.865              14.979 52

VISB 6   2.85%

                      12/31/2007              N/A              12.746 0

                      12/31/2008              12.746              9.471 4

                      12/31/2009              9.471              12.927 10

                      12/31/2010              12.927              14.385 14

                      12/31/2011              14.385              14.452 23

VISB 7   2.50%

                      12/31/2007              N/A              13.104 0

                      12/31/2008              13.104              9.771 34

                      12/31/2009              9.771              13.383 81

                      12/31/2010              13.383              14.946 116

                      12/31/2011              14.946              15.068 108

VISB 8   2.80%

                      12/31/2007              N/A              12.797 0

                      12/31/2008              12.797              9.513 3

                      12/31/2009              9.513              12.991 56

                      12/31/2010              12.991              14.464 103

                      12/31/2011              14.464              14.539 91

VISB 9   2.65%

                      12/31/2007              N/A              12.950 0

                      12/31/2008              12.950              9.641 19

                      12/31/2009              9.641              13.186 115

                      12/31/2010              13.186              14.703 154

                      12/31/2011              14.703              14.801 158

VISC 1   2.45%

                      12/31/2008              N/A              9.815 1

                      12/31/2009              9.815              13.450 2

                      12/31/2010              13.450              15.028 2

                      12/31/2011              15.028              15.158 2

VISC 10   3.00%

                      12/31/2008              N/A              9.345 0

                      12/31/2009              9.345              12.736 22

                      12/31/2010              12.736              14.152 8

                      12/31/2011              14.152              14.196 9

VISC 11   2.30%

                      12/31/2009              N/A              13.652 1

                      12/31/2010              13.652              15.276 2

                      12/31/2011              15.276              15.432 4

VISC 12   3.15%

                      12/31/2009              N/A              12.547 1

                      12/31/2010              12.547              13.922 14

                      12/31/2011              13.922              13.945 1

VISC 13   1.75%

                      12/31/2009              N/A              13.884 3

                      12/31/2010              13.884              15.622 60

                      12/31/2011              15.622              15.868 243

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 14   2.05%

                      12/31/2009              N/A              13.995 0

                      12/31/2010              13.995              15.699 0

                      12/31/2011              15.699              15.899 0

VISC 2   2.75%

                      12/31/2008              N/A              9.556 2

                      12/31/2009              9.556              13.055 2

                      12/31/2010              13.055              14.543 2

                      12/31/2011              14.543              14.626 2

VISC 3   2.60%

                      12/31/2008              N/A              9.685 0

                      12/31/2009              9.685              13.251 0

                      12/31/2010              13.251              14.784 4

                      12/31/2011              14.784              14.890 0

VISC 4   2.90%

                      12/31/2008              N/A              9.429 0

                      12/31/2009              9.429              12.863 2

                      12/31/2010              12.863              14.307 2

                      12/31/2011              14.307              14.366 2

VISC 5   2.15%

                      12/31/2008              N/A              10.081 6

                      12/31/2009              10.081              13.857 5

                      12/31/2010              13.857              15.529 12

                      12/31/2011              15.529              15.710 34

VISC 7   2.55%

                      12/31/2008              N/A              9.728 2

                      12/31/2009              9.728              13.317 10

                      12/31/2010              13.317              14.865 3

                      12/31/2011              14.865              14.979 3

VISC 8   2.85%

                      12/31/2008              N/A              9.471 0

                      12/31/2009              9.471              12.927 20

                      12/31/2010              12.927              14.385 8

                      12/31/2011              14.385              14.452 8

VISC 9   2.70%

                      12/31/2008              N/A              9.599 3

                      12/31/2009              9.599              13.120 30

                      12/31/2010              13.120              14.623 13

                      12/31/2011              14.623              14.713 14

VISI 1   1.40%

                      12/31/2007              N/A              14.297 0

                      12/31/2008              14.297              10.779 0

                      12/31/2009              10.779              14.927 0

                      12/31/2010              14.927              16.855 0

                      12/31/2011              16.855              17.180 0

VISI 10   2.65%

                      12/31/2007              N/A              12.950 0

                      12/31/2008              12.950              9.641 12

                      12/31/2009              9.641              13.186 79

                      12/31/2010              13.186              14.703 81

                      12/31/2011              14.703              14.801 89

VISI 11   1.80%

                      12/31/2008              N/A              10.401 44

                      12/31/2009              10.401              14.346 297

                      12/31/2010              14.346              16.134 467

                      12/31/2011              16.134              16.380 745

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 13   1.95%

                      12/31/2009              N/A              14.134 71

                      12/31/2010              14.134              15.872 107

                      12/31/2011              15.872              16.089 153

VISI 14   2.80%

                      12/31/2009              N/A              12.991 37

                      12/31/2010              12.991              14.464 20

                      12/31/2011              14.464              14.539 17

VISI 2   1.70%

                      12/31/2007              N/A              13.962 9

                      12/31/2008              13.962              10.494 13

                      12/31/2009              10.494              14.489 81

                      12/31/2010              14.489              16.311 408

                      12/31/2011              16.311              16.576 539

VISI 3   2.10%

                      12/31/2007              N/A              13.526 0

                      12/31/2008              13.526              10.126 47

                      12/31/2009              10.126              13.925 118

                      12/31/2010              13.925              15.614 164

                      12/31/2011              15.614              15.804 150

VISI 4   2.40%

                      12/31/2007              N/A              13.209 0

                      12/31/2008              13.209              9.859 15

                      12/31/2009              9.859              13.517 28

                      12/31/2010              13.517              15.110 23

                      12/31/2011              15.110              15.249 23

VISI 5   2.25%

                      12/31/2007              N/A              13.366 0

                      12/31/2008              13.366              9.992 50

                      12/31/2009              9.992              13.720 95

                      12/31/2010              13.720              15.360 143

                      12/31/2011              15.360              15.524 149

VISI 6   2.55%

                      12/31/2007              N/A              13.053 0

                      12/31/2008              13.053              9.728 1

                      12/31/2009              9.728              13.317 10

                      12/31/2010              13.317              14.865 9

                      12/31/2011              14.865              14.979 13

VISI 7   2.20%

                      12/31/2007              N/A              13.419 0

                      12/31/2008              13.419              10.037 93

                      12/31/2009              10.037              13.788 215

                      12/31/2010              13.788              15.444 243

                      12/31/2011              15.444              15.617 245

VISI 8   2.50%

                      12/31/2007              N/A              13.104 0

                      12/31/2008              13.104              9.771 16

                      12/31/2009              9.771              13.383 282

                      12/31/2010              13.383              14.946 383

                      12/31/2011              14.946              15.068 268

VISI 9   2.35%

                      12/31/2007              N/A              13.261 0

                      12/31/2008              13.261              9.903 71

                      12/31/2009              9.903              13.584 442

                      12/31/2010              13.584              15.193 522

                      12/31/2011              15.193              15.340 474

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 1   1.65%

                      12/31/2007              N/A              14.017 24

                      12/31/2008              14.017              10.541 30

                      12/31/2009              10.541              14.561 115

                      12/31/2010              14.561              16.401 829

                      12/31/2011              16.401              16.675 1185

VISL 10   2.90%

                      12/31/2007              N/A              12.696 0

                      12/31/2008              12.696              9.429 21

                      12/31/2009              9.429              12.863 114

                      12/31/2010              12.863              14.307 105

                      12/31/2011              14.307              14.366 119

VISL 11   2.05%

                      12/31/2008              N/A              10.172 22

                      12/31/2009              10.172              13.995 71

                      12/31/2010              13.995              15.699 107

                      12/31/2011              15.699              15.899 194

VISL 13   3.05%

                      12/31/2009              N/A              12.672 85

                      12/31/2010              12.672              14.075 98

                      12/31/2011              14.075              14.112 95

VISL 14   2.20%

                      12/31/2009              N/A              13.788 58

                      12/31/2010              13.788              15.444 72

                      12/31/2011              15.444              15.617 106

VISL 2   1.95%

                      12/31/2007              N/A              13.688 4

                      12/31/2008              13.688              10.263 6

                      12/31/2009              10.263              14.134 47

                      12/31/2010              14.134              15.872 256

                      12/31/2011              15.872              16.089 355

VISL 3   2.35%

                      12/31/2007              N/A              13.261 0

                      12/31/2008              13.261              9.903 42

                      12/31/2009              9.903              13.584 109

                      12/31/2010              13.584              15.193 120

                      12/31/2011              15.193              15.340 156

VISL 4   2.65%

                      12/31/2007              N/A              12.950 0

                      12/31/2008              12.950              9.641 8

                      12/31/2009              9.641              13.186 10

                      12/31/2010              13.186              14.703 24

                      12/31/2011              14.703              14.801 25

VISL 5   2.50%

                      12/31/2007              N/A              13.104 0

                      12/31/2008              13.104              9.771 19

                      12/31/2009              9.771              13.383 53

                      12/31/2010              13.383              14.946 62

                      12/31/2011              14.946              15.068 83

VISL 6   2.80%

                      12/31/2007              N/A              12.797 0

                      12/31/2008              12.797              9.513 0

                      12/31/2009              9.513              12.991 15

                      12/31/2010              12.991              14.464 15

                      12/31/2011              14.464              14.539 15

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 7   2.45%

                      12/31/2007              N/A              13.156 0

                      12/31/2008              13.156              9.815 50

                      12/31/2009              9.815              13.450 110

                      12/31/2010              13.450              15.028 130

                      12/31/2011              15.028              15.158 120

VISL 8   2.75%

                      12/31/2007              N/A              12.847 0

                      12/31/2008              12.847              9.556 15

                      12/31/2009              9.556              13.055 115

                      12/31/2010              13.055              14.543 169

                      12/31/2011              14.543              14.626 229

VISL 9   2.60%

                      12/31/2007              N/A              13.001 0

                      12/31/2008              13.001              9.685 41

                      12/31/2009              9.685              13.251 183

                      12/31/2010              13.251              14.784 211

                      12/31/2011              14.784              14.890 204

PIMCO VIT Real Return Portfolio

VISB 1   1.70%

                      12/31/2007              N/A              12.153 67

                      12/31/2008              12.153              11.104 144

                      12/31/2009              11.104              12.925 164

                      12/31/2010              12.925              13.738 718

                      12/31/2011              13.738              15.085 1076

VISB 10   2.95%

                      12/31/2007              N/A              11.463 0

                      12/31/2008              11.463              10.344 21

                      12/31/2009              10.344              11.890 68

                      12/31/2010              11.890              12.481 97

                      12/31/2011              12.481              13.534 134

VISB 11   2.10%

                      12/31/2008              N/A              10.855 35

                      12/31/2009              10.855              12.585 68

                      12/31/2010              12.585              13.322 74

                      12/31/2011              13.322              14.570 56

VISB 13   3.10%

                      12/31/2009              N/A              11.772 46

                      12/31/2010              11.772              12.338 58

                      12/31/2011              12.338              13.359 75

VISB 14   2.25%

                      12/31/2009              N/A              12.459 45

                      12/31/2010              12.459              13.170 53

                      12/31/2011              13.170              14.382 168

VISB 2   2.00%

                      12/31/2007              N/A              11.983 17

                      12/31/2008              11.983              10.917 83

                      12/31/2009              10.917              12.669 121

                      12/31/2010              12.669              13.425 336

                      12/31/2011              13.425              14.697 535

VISB 3   2.40%

                      12/31/2007              N/A              11.761 0

                      12/31/2008              11.761              10.672 127

                      12/31/2009              10.672              12.335 201

                      12/31/2010              12.335              13.019 209

                      12/31/2011              13.019              14.196 339

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 4   2.70%

                      12/31/2007              N/A              11.598 0

                      12/31/2008              11.598              10.491 10

                      12/31/2009              10.491              12.090 40

                      12/31/2010              12.090              12.723 52

                      12/31/2011              12.723              13.831 57

VISB 5   2.55%

                      12/31/2007              N/A              11.679 0

                      12/31/2008              11.679              10.581 63

                      12/31/2009              10.581              12.212 154

                      12/31/2010              12.212              12.870 157

                      12/31/2011              12.870              14.012 200

VISB 6   2.85%

                      12/31/2007              N/A              11.516 0

                      12/31/2008              11.516              10.403 10

                      12/31/2009              10.403              11.970 10

                      12/31/2010              11.970              12.577 12

                      12/31/2011              12.577              13.652 18

VISB 7   2.50%

                      12/31/2007              N/A              11.706 0

                      12/31/2008              11.706              10.611 156

                      12/31/2009              10.611              12.253 219

                      12/31/2010              12.253              12.920 213

                      12/31/2011              12.920              14.073 206

VISB 8   2.80%

                      12/31/2007              N/A              11.543 0

                      12/31/2008              11.543              10.432 26

                      12/31/2009              10.432              12.010 108

                      12/31/2010              12.010              12.625 113

                      12/31/2011              12.625              13.712 156

VISB 9   2.65%

                      12/31/2007              N/A              11.625 0

                      12/31/2008              11.625              10.521 263

                      12/31/2009              10.521              12.131 513

                      12/31/2010              12.131              12.772 533

                      12/31/2011              12.772              13.891 516

VISC 1   2.45%

                      12/31/2008              N/A              10.641 17

                      12/31/2009              10.641              12.294 13

                      12/31/2010              12.294              12.969 20

                      12/31/2011              12.969              14.134 18

VISC 10   3.00%

                      12/31/2008              N/A              10.314 3

                      12/31/2009              10.314              11.851 19

                      12/31/2010              11.851              12.433 20

                      12/31/2011              12.433              13.476 36

VISC 11   2.30%

                      12/31/2009              N/A              12.418 2

                      12/31/2010              12.418              13.119 4

                      12/31/2011              13.119              14.319 6

VISC 12   3.15%

                      12/31/2009              N/A              11.732 3

                      12/31/2010              11.732              12.291 3

                      12/31/2011              12.291              13.302 57

VISC 13   1.75%

                      12/31/2009              N/A              12.872 6

                      12/31/2010              12.872              13.674 68

                      12/31/2011              13.674              15.007 254

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 14   2.05%

                      12/31/2009              N/A              12.627 0

                      12/31/2010              12.627              13.374 0

                      12/31/2011              13.374              14.633 0

VISC 2   2.75%

                      12/31/2008              N/A              10.462 1

                      12/31/2009              10.462              12.050 1

                      12/31/2010              12.050              12.674 0

                      12/31/2011              12.674              13.771 1

VISC 3   2.60%

                      12/31/2008              N/A              10.551 30

                      12/31/2009              10.551              12.171 16

                      12/31/2010              12.171              12.821 14

                      12/31/2011              12.821              13.952 14

VISC 4   2.90%

                      12/31/2008              N/A              10.373 0

                      12/31/2009              10.373              11.930 0

                      12/31/2010              11.930              12.529 0

                      12/31/2011              12.529              13.593 0

VISC 5   2.15%

                      12/31/2008              N/A              10.824 16

                      12/31/2009              10.824              12.543 20

                      12/31/2010              12.543              13.271 18

                      12/31/2011              13.271              14.507 16

VISC 7   2.55%

                      12/31/2008              N/A              10.581 12

                      12/31/2009              10.581              12.212 32

                      12/31/2010              12.212              12.870 23

                      12/31/2011              12.870              14.012 24

VISC 8   2.85%

                      12/31/2008              N/A              10.403 1

                      12/31/2009              10.403              11.970 31

                      12/31/2010              11.970              12.577 31

                      12/31/2011              12.577              13.652 21

VISC 9   2.70%

                      12/31/2008              N/A              10.491 16

                      12/31/2009              10.491              12.090 61

                      12/31/2010              12.090              12.723 39

                      12/31/2011              12.723              13.831 30

VISI 1   1.40%

                      12/31/2007              N/A              12.324 0

                      12/31/2008              12.324              11.295 0

                      12/31/2009              11.295              13.187 0

                      12/31/2010              13.187              14.058 0

                      12/31/2011              14.058              15.482 0

VISI 10   2.65%

                      12/31/2007              N/A              11.625 0

                      12/31/2008              11.625              10.521 29

                      12/31/2009              10.521              12.131 177

                      12/31/2010              12.131              12.772 143

                      12/31/2011              12.772              13.891 140

VISI 11   1.80%

                      12/31/2008              N/A              11.042 122

                      12/31/2009              11.042              12.839 402

                      12/31/2010              12.839              13.633 318

                      12/31/2011              13.633              14.954 418

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 13   1.95%

                      12/31/2009              N/A              12.711 226

                      12/31/2010              12.711              13.477 177

                      12/31/2011              13.477              14.761 306

VISI 14   2.80%

                      12/31/2009              N/A              12.010 35

                      12/31/2010              12.010              12.625 38

                      12/31/2011              12.625              13.712 36

VISI 2   1.70%

                      12/31/2007              N/A              12.153 11

                      12/31/2008              12.153              11.104 47

                      12/31/2009              11.104              12.925 121

                      12/31/2010              12.925              13.738 512

                      12/31/2011              13.738              15.085 839

VISI 3   2.10%

                      12/31/2007              N/A              11.927 0

                      12/31/2008              11.927              10.855 218

                      12/31/2009              10.855              12.585 380

                      12/31/2010              12.585              13.322 387

                      12/31/2011              13.322              14.570 369

VISI 4   2.40%

                      12/31/2007              N/A              11.761 0

                      12/31/2008              11.761              10.672 33

                      12/31/2009              10.672              12.335 62

                      12/31/2010              12.335              13.019 77

                      12/31/2011              13.019              14.196 59

VISI 5   2.25%

                      12/31/2007              N/A              11.844 0

                      12/31/2008              11.844              10.763 114

                      12/31/2009              10.763              12.459 245

                      12/31/2010              12.459              13.170 285

                      12/31/2011              13.170              14.382 285

VISI 6   2.55%

                      12/31/2007              N/A              11.679 0

                      12/31/2008              11.679              10.581 12

                      12/31/2009              10.581              12.212 13

                      12/31/2010              12.212              12.870 11

                      12/31/2011              12.870              14.012 9

VISI 7   2.20%

                      12/31/2007              N/A              11.872 0

                      12/31/2008              11.872              10.794 262

                      12/31/2009              10.794              12.501 450

                      12/31/2010              12.501              13.221 423

                      12/31/2011              13.221              14.444 436

VISI 8   2.50%

                      12/31/2007              N/A              11.706 0

                      12/31/2008              11.706              10.611 37

                      12/31/2009              10.611              12.253 513

                      12/31/2010              12.253              12.920 387

                      12/31/2011              12.920              14.073 435

VISI 9   2.35%

                      12/31/2007              N/A              11.789 0

                      12/31/2008              11.789              10.702 341

                      12/31/2009              10.702              12.376 787

                      12/31/2010              12.376              13.069 781

                      12/31/2011              13.069              14.257 782

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 1   1.65%

                      12/31/2007              N/A              12.181 36

                      12/31/2008              12.181              11.136 64

                      12/31/2009              11.136              12.968 116

                      12/31/2010              12.968              13.791 1068

                      12/31/2011              13.791              15.150 1458

VISL 10   2.90%

                      12/31/2007              N/A              11.490 0

                      12/31/2008              11.490              10.373 22

                      12/31/2009              10.373              11.930 133

                      12/31/2010              11.930              12.529 156

                      12/31/2011              12.529              13.593 103

VISL 11   2.05%

                      12/31/2008              N/A              10.886 75

                      12/31/2009              10.886              12.627 188

                      12/31/2010              12.627              13.374 224

                      12/31/2011              13.374              14.633 317

VISL 13   3.05%

                      12/31/2009              N/A              11.811 88

                      12/31/2010              11.811              12.385 100

                      12/31/2011              12.385              13.417 62

VISL 14   2.20%

                      12/31/2009              N/A              12.501 62

                      12/31/2010              12.501              13.221 55

                      12/31/2011              13.221              14.444 50

VISL 2   1.95%

                      12/31/2007              N/A              12.011 22

                      12/31/2008              12.011              10.948 37

                      12/31/2009              10.948              12.711 50

                      12/31/2010              12.711              13.477 284

                      12/31/2011              13.477              14.761 391

VISL 3   2.35%

                      12/31/2007              N/A              11.789 0

                      12/31/2008              11.789              10.702 91

                      12/31/2009              10.702              12.376 166

                      12/31/2010              12.376              13.069 159

                      12/31/2011              13.069              14.257 212

VISL 4   2.65%

                      12/31/2007              N/A              11.625 0

                      12/31/2008              11.625              10.521 38

                      12/31/2009              10.521              12.131 25

                      12/31/2010              12.131              12.772 30

                      12/31/2011              12.772              13.891 71

VISL 5   2.50%

                      12/31/2007              N/A              11.706 0

                      12/31/2008              11.706              10.611 91

                      12/31/2009              10.611              12.253 117

                      12/31/2010              12.253              12.920 92

                      12/31/2011              12.920              14.073 173

VISL 6   2.80%

                      12/31/2007              N/A              11.543 0

                      12/31/2008              11.543              10.432 11

                      12/31/2009              10.432              12.010 21

                      12/31/2010              12.010              12.625 20

                      12/31/2011              12.625              13.712 20

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 7   2.45%

                      12/31/2007              N/A              11.734 0

                      12/31/2008              11.734              10.641 120

                      12/31/2009              10.641              12.294 194

                      12/31/2010              12.294              12.969 185

                      12/31/2011              12.969              14.134 247

VISL 8   2.75%

                      12/31/2007              N/A              11.570 0

                      12/31/2008              11.570              10.462 20

                      12/31/2009              10.462              12.050 197

                      12/31/2010              12.050              12.674 170

                      12/31/2011              12.674              13.771 212

VISL 9   2.60%

                      12/31/2007              N/A              11.652 0

                      12/31/2008              11.652              10.551 105

                      12/31/2009              10.551              12.171 320

                      12/31/2010              12.171              12.821 251

                      12/31/2011              12.821              13.952 427

PIMCO VIT Total Return Portfolio

VISB 1   1.70%

                      12/31/2007              N/A              14.634 512

                      12/31/2008              14.634              15.077 188

                      12/31/2009              15.077              16.909 227

                      12/31/2010              16.909              17.973 1195

                      12/31/2011              17.973              18.309 1515

VISB 10   2.95%

                      12/31/2007              N/A              13.254 0

                      12/31/2008              13.254              13.486 23

                      12/31/2009              13.486              14.936 133

                      12/31/2010              14.936              15.679 232

                      12/31/2011              15.679              15.774 250

VISB 11   2.10%

                      12/31/2008              N/A              14.548 30

                      12/31/2009              14.548              16.251 116

                      12/31/2010              16.251              17.204 110

                      12/31/2011              17.204              17.456 509

VISB 13   3.10%

                      12/31/2009              N/A              14.715 42

                      12/31/2010              14.715              15.424 53

                      12/31/2011              15.424              15.494 24

VISB 14   2.25%

                      12/31/2009              N/A              16.010 93

                      12/31/2010              16.010              16.925 100

                      12/31/2011              16.925              17.147 160

VISB 2   2.00%

                      12/31/2007              N/A              14.290 24

                      12/31/2008              14.290              14.679 90

                      12/31/2009              14.679              16.413 168

                      12/31/2010              16.413              17.393 574

                      12/31/2011              17.393              17.666 738

VISB 3   2.40%

                      12/31/2007              N/A              13.844 0

                      12/31/2008              13.844              14.164 988

                      12/31/2009              14.164              15.774 556

                      12/31/2010              15.774              16.650 631

                      12/31/2011              16.650              16.843 611

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 4   2.70%

                      12/31/2007              N/A              13.519 0

                      12/31/2008              13.519              13.790 15

                      12/31/2009              13.790              15.311 67

                      12/31/2010              15.311              16.113 89

                      12/31/2011              16.113              16.251 111

VISB 5   2.55%

                      12/31/2007              N/A              13.681 0

                      12/31/2008              13.681              13.976 48

                      12/31/2009              13.976              15.541 240

                      12/31/2010              15.541              16.379 260

                      12/31/2011              16.379              16.544 238

VISB 6   2.85%

                      12/31/2007              N/A              13.360 0

                      12/31/2008              13.360              13.606 9

                      12/31/2009              13.606              15.085 10

                      12/31/2010              15.085              15.851 17

                      12/31/2011              15.851              15.963 27

VISB 7   2.50%

                      12/31/2007              N/A              13.735 0

                      12/31/2008              13.735              14.038 129

                      12/31/2009              14.038              15.618 311

                      12/31/2010              15.618              16.469 334

                      12/31/2011              16.469              16.643 319

VISB 8   2.80%

                      12/31/2007              N/A              13.413 0

                      12/31/2008              13.413              13.667 42

                      12/31/2009              13.667              15.160 223

                      12/31/2010              15.160              15.938 258

                      12/31/2011              15.938              16.059 260

VISB 9   2.65%

                      12/31/2007              N/A              13.573 0

                      12/31/2008              13.573              13.851 224

                      12/31/2009              13.851              15.387 683

                      12/31/2010              15.387              16.201 703

                      12/31/2011              16.201              16.348 673

VISC 1   2.45%

                      12/31/2008              N/A              14.101 23

                      12/31/2009              14.101              15.696 41

                      12/31/2010              15.696              16.559 44

                      12/31/2011              16.559              16.743 38

VISC 10   3.00%

                      12/31/2008              N/A              13.425 2

                      12/31/2009              13.425              14.862 28

                      12/31/2010              14.862              15.593 24

                      12/31/2011              15.593              15.680 38

VISC 11   2.30%

                      12/31/2009              N/A              15.931 27

                      12/31/2010              15.931              16.833 20

                      12/31/2011              16.833              17.045 18

VISC 12   3.15%

                      12/31/2009              N/A              14.642 7

                      12/31/2010              14.642              15.340 8

                      12/31/2011              15.340              15.402 10

VISC 13   1.75%

                      12/31/2009              N/A              16.371 27

                      12/31/2010              16.371              17.392 277

                      12/31/2011              17.392              17.709 465

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 14   2.05%

                      12/31/2009              N/A              16.331 0

                      12/31/2010              16.331              17.299 0

                      12/31/2011              17.299              17.561 0

VISC 2   2.75%

                      12/31/2008              N/A              13.728 7

                      12/31/2009              13.728              15.235 7

                      12/31/2010              15.235              16.025 7

                      12/31/2011              16.025              16.155 7

VISC 3   2.60%

                      12/31/2008              N/A              13.913 27

                      12/31/2009              13.913              15.464 84

                      12/31/2010              15.464              16.290 82

                      12/31/2011              16.290              16.446 70

VISC 4   2.90%

                      12/31/2008              N/A              13.546 0

                      12/31/2009              13.546              15.010 0

                      12/31/2010              15.010              15.765 0

                      12/31/2011              15.765              15.868 0

VISC 5   2.15%

                      12/31/2008              N/A              14.484 6

                      12/31/2009              14.484              16.170 64

                      12/31/2010              16.170              17.111 51

                      12/31/2011              17.111              17.353 47

VISC 7   2.55%

                      12/31/2008              N/A              13.976 10

                      12/31/2009              13.976              15.541 46

                      12/31/2010              15.541              16.379 23

                      12/31/2011              16.379              16.544 20

VISC 8   2.85%

                      12/31/2008              N/A              13.606 5

                      12/31/2009              13.606              15.085 42

                      12/31/2010              15.085              15.851 41

                      12/31/2011              15.851              15.963 30

VISC 9   2.70%

                      12/31/2008              N/A              13.790 39

                      12/31/2009              13.790              15.311 124

                      12/31/2010              15.311              16.113 103

                      12/31/2011              16.113              16.251 75

VISI 1   1.40%

                      12/31/2007              N/A              14.986 0

                      12/31/2008              14.986              15.486 0

                      12/31/2009              15.486              17.420 0

                      12/31/2010              17.420              18.572 0

                      12/31/2011              18.572              18.976 0

VISI 10   2.65%

                      12/31/2007              N/A              13.573 0

                      12/31/2008              13.573              13.851 37

                      12/31/2009              13.851              15.387 284

                      12/31/2010              15.387              16.201 301

                      12/31/2011              16.201              16.348 296

VISI 11   1.80%

                      12/31/2008              N/A              14.943 292

                      12/31/2009              14.943              16.742 1092

                      12/31/2010              16.742              17.778 1173

                      12/31/2011              17.778              18.092 1299

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 13   1.95%

                      12/31/2009              N/A              16.494 423

                      12/31/2010              16.494              17.489 428

                      12/31/2011              17.489              17.771 469

VISI 14   2.80%

                      12/31/2009              N/A              15.160 112

                      12/31/2010              15.160              15.938 104

                      12/31/2011              15.938              16.059 147

VISI 2   1.70%

                      12/31/2007              N/A              14.634 45

                      12/31/2008              14.634              15.077 93

                      12/31/2009              15.077              16.909 301

                      12/31/2010              16.909              17.973 1385

                      12/31/2011              17.973              18.309 1625

VISI 3   2.10%

                      12/31/2007              N/A              14.177 0

                      12/31/2008              14.177              14.548 279

                      12/31/2009              14.548              16.251 739

                      12/31/2010              16.251              17.204 776

                      12/31/2011              17.204              17.456 740

VISI 4   2.40%

                      12/31/2007              N/A              13.844 0

                      12/31/2008              13.844              14.164 10

                      12/31/2009              14.164              15.774 70

                      12/31/2010              15.774              16.650 121

                      12/31/2011              16.650              16.843 114

VISI 5   2.25%

                      12/31/2007              N/A              14.010 0

                      12/31/2008              14.010              14.355 198

                      12/31/2009              14.355              16.010 619

                      12/31/2010              16.010              16.925 702

                      12/31/2011              16.925              17.147 642

VISI 6   2.55%

                      12/31/2007              N/A              13.681 0

                      12/31/2008              13.681              13.976 6

                      12/31/2009              13.976              15.541 72

                      12/31/2010              15.541              16.379 78

                      12/31/2011              16.379              16.544 75

VISI 7   2.20%

                      12/31/2007              N/A              14.065 0

                      12/31/2008              14.065              14.419 484

                      12/31/2009              14.419              16.090 929

                      12/31/2010              16.090              17.018 957

                      12/31/2011              17.018              17.249 882

VISI 8   2.50%

                      12/31/2007              N/A              13.735 0

                      12/31/2008              13.735              14.038 64

                      12/31/2009              14.038              15.618 1008

                      12/31/2010              15.618              16.469 936

                      12/31/2011              16.469              16.643 892

VISI 9   2.35%

                      12/31/2007              N/A              13.899 0

                      12/31/2008              13.899              14.227 459

                      12/31/2009              14.227              15.852 1960

                      12/31/2010              15.852              16.741 1869

                      12/31/2011              16.741              16.944 1692

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 1   1.65%

                      12/31/2007              N/A              14.692 83

                      12/31/2008              14.692              15.144 164

                      12/31/2009              15.144              16.993 297

                      12/31/2010              16.993              18.071 2652

                      12/31/2011              18.071              18.418 3581

VISL 10   2.90%

                      12/31/2007              N/A              13.307 0

                      12/31/2008              13.307              13.546 36

                      12/31/2009              13.546              15.010 246

                      12/31/2010              15.010              15.765 295

                      12/31/2011              15.765              15.868 221

VISL 11   2.05%

                      12/31/2008              N/A              14.613 189

                      12/31/2009              14.613              16.331 757

                      12/31/2010              16.331              17.299 703

                      12/31/2011              17.299              17.561 864

VISL 13   3.05%

                      12/31/2009              N/A              14.788 132

                      12/31/2010              14.788              15.508 140

                      12/31/2011              15.508              15.587 118

VISL 14   2.20%

                      12/31/2009              N/A              16.090 151

                      12/31/2010              16.090              17.018 164

                      12/31/2011              17.018              17.249 169

VISL 2   1.95%

                      12/31/2007              N/A              14.347 7

                      12/31/2008              14.347              14.744 35

                      12/31/2009              14.744              16.494 161

                      12/31/2010              16.494              17.489 879

                      12/31/2011              17.489              17.771 1118

VISL 3   2.35%

                      12/31/2007              N/A              13.899 0

                      12/31/2008              13.899              14.227 177

                      12/31/2009              14.227              15.852 435

                      12/31/2010              15.852              16.741 476

                      12/31/2011              16.741              16.944 484

VISL 4   2.65%

                      12/31/2007              N/A              13.573 0

                      12/31/2008              13.573              13.851 41

                      12/31/2009              13.851              15.387 119

                      12/31/2010              15.387              16.201 121

                      12/31/2011              16.201              16.348 115

VISL 5   2.50%

                      12/31/2007              N/A              13.735 0

                      12/31/2008              13.735              14.038 98

                      12/31/2009              14.038              15.618 385

                      12/31/2010              15.618              16.469 443

                      12/31/2011              16.469              16.643 407

VISL 6   2.80%

                      12/31/2007              N/A              13.413 0

                      12/31/2008              13.413              13.667 15

                      12/31/2009              13.667              15.160 38

                      12/31/2010              15.160              15.938 30

                      12/31/2011              15.938              16.059 39

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 7   2.45%

                      12/31/2007              N/A              13.790 0

                      12/31/2008              13.790              14.101 252

                      12/31/2009              14.101              15.696 608

                      12/31/2010              15.696              16.559 742

                      12/31/2011              16.559              16.743 738

VISL 8   2.75%

                      12/31/2007              N/A              13.466 0

                      12/31/2008              13.466              13.728 44

                      12/31/2009              13.728              15.235 464

                      12/31/2010              15.235              16.025 510

                      12/31/2011              16.025              16.155 448

VISL 9   2.60%

                      12/31/2007              N/A              13.627 0

                      12/31/2008              13.627              13.913 328

                      12/31/2009              13.913              15.464 938

                      12/31/2010              15.464              16.290 1112

                      12/31/2011              16.290              16.446 1199

PIMCO VIT Unconstrained Bond Portfolio

VISB 1   1.70%

                      12/31/2011              N/A              9.782 12

VISB 10   2.95%

                      12/31/2011              N/A              9.701 10

VISB 11   2.10%

                      12/31/2011              N/A              9.756 9

VISB 13   3.10%

                      12/31/2011              N/A              9.691 0

VISB 14   2.25%

                      12/31/2011              N/A              9.746 22

VISB 2   2.00%

                      12/31/2011              N/A              9.763 6

VISB 3   2.40%

                      12/31/2011              N/A              9.736 3

VISB 4   2.70%

                      12/31/2011              N/A              9.717 1

VISB 5   2.55%

                      12/31/2011              N/A              9.727 6

VISB 6   2.85%

                      12/31/2011              N/A              9.707 0

VISB 7   2.50%

                      12/31/2011              N/A              9.730 8

VISB 8   2.80%

                      12/31/2011              N/A              9.710 16

VISB 9   2.65%

                      12/31/2011              N/A              9.720 11

VISC 1   2.45%

                      12/31/2011              N/A              9.733 1

VISC 10   3.00%

                      12/31/2011              N/A              9.697 0

VISC 11   2.30%

                      12/31/2011              N/A              9.743 0

VISC 12   3.15%

                      12/31/2011              N/A              9.688 0

VISC 13   1.75%

                      12/31/2011              N/A              9.779 4

VISC 14   2.05%

                      12/31/2011              N/A              9.759 0

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 2   2.75%

                      12/31/2011              N/A              9.714 0

VISC 3   2.60%

                      12/31/2011              N/A              9.723 16

VISC 4   2.90%

                      12/31/2011              N/A              9.704 0

VISC 5   2.15%

                      12/31/2011              N/A              9.753 8

VISC 7   2.55%

                      12/31/2011              N/A              9.727 2

VISC 8   2.85%

                      12/31/2011              N/A              9.707 0

VISC 9   2.70%

                      12/31/2011              N/A              9.717 0

VISI 1   1.40%

                      12/31/2011              N/A              9.802 0

VISI 10   2.65%

                      12/31/2011              N/A              9.720 0

VISI 11   1.80%

                      12/31/2011              N/A              9.776 55

VISI 13   1.95%

                      12/31/2011              N/A              9.766 26

VISI 14   2.80%

                      12/31/2011              N/A              9.710 0

VISI 2   1.70%

                      12/31/2011              N/A              9.782 16

VISI 3   2.10%

                      12/31/2011              N/A              9.756 14

VISI 4   2.40%

                      12/31/2011              N/A              9.736 2

VISI 5   2.25%

                      12/31/2011              N/A              9.746 22

VISI 6   2.55%

                      12/31/2011              N/A              9.727 0

VISI 7   2.20%

                      12/31/2011              N/A              9.750 20

VISI 8   2.50%

                      12/31/2011              N/A              9.730 30

VISI 9   2.35%

                      12/31/2011              N/A              9.740 33

VISL 1   1.65%

                      12/31/2011              N/A              9.786 127

VISL 10   2.90%

                      12/31/2011              N/A              9.704 6

VISL 11   2.05%

                      12/31/2011              N/A              9.759 9

VISL 13   3.05%

                      12/31/2011              N/A              9.694 0

VISL 14   2.20%

                      12/31/2011              N/A              9.750 4

VISL 2   1.95%

                      12/31/2011              N/A              9.766 14

VISL 3   2.35%

                      12/31/2011              N/A              9.740 13

VISL 4   2.65%

                      12/31/2011              N/A              9.720 3

VISL 5   2.50%

                      12/31/2011              N/A              9.730 1

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 6   2.80%

                      12/31/2011              N/A              9.710 4

VISL 7   2.45%

                      12/31/2011              N/A              9.733 1

VISL 8   2.75%

                      12/31/2011              N/A              9.714 8

VISL 9   2.60%

                      12/31/2011              N/A              9.723 12

Templeton Global Bond Securities Fund

VISB 1   1.70%

                      12/31/2007              N/A              30.650 67

                      12/31/2008              30.650              32.002 63

                      12/31/2009              32.002              37.340 56

                      12/31/2010              37.340              42.015 267

                      12/31/2011              42.015              40.949 340

VISB 10   2.95%

                      12/31/2007              N/A              24.137 0

                      12/31/2008              24.137              24.888 3

                      12/31/2009              24.888              28.679 33

                      12/31/2010              28.679              31.868 53

                      12/31/2011              31.868              30.674 56

VISB 11   2.10%

                      12/31/2008              N/A              29.628 5

                      12/31/2009              29.628              34.433 10

                      12/31/2010              34.433              38.588 11

                      12/31/2011              38.588              37.460 17

VISB 13   3.10%

                      12/31/2009              N/A              27.791 10

                      12/31/2010              27.791              30.835 9

                      12/31/2011              30.835              29.636 6

VISB 14   2.25%

                      12/31/2009              N/A              33.402 3

                      12/31/2010              33.402              37.377 6

                      12/31/2011              37.377              36.229 7

VISB 2   2.00%

                      12/31/2007              N/A              29.016 13

                      12/31/2008              29.016              30.205 18

                      12/31/2009              30.205              35.138 27

                      12/31/2010              35.138              39.418 169

                      12/31/2011              39.418              38.303 209

VISB 3   2.40%

                      12/31/2007              N/A              26.971 0

                      12/31/2008              26.971              27.964 37

                      12/31/2009              27.964              32.401 66

                      12/31/2010              32.401              36.203 91

                      12/31/2011              36.203              35.039 118

VISB 4   2.70%

                      12/31/2007              N/A              25.533 0

                      12/31/2008              25.533              26.394 8

                      12/31/2009              26.394              30.490 25

                      12/31/2010              30.490              33.965 26

                      12/31/2011              33.965              32.775 22

VISB 5   2.55%

                      12/31/2007              N/A              26.243 0

                      12/31/2008              26.243              27.168 17

                      12/31/2009              27.168              31.431 65

                      12/31/2010              31.431              35.066 70

                      12/31/2011              35.066              33.888 74

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

133

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 6   2.85%

                      12/31/2007              N/A              24.843 0

                      12/31/2008              24.843              25.642 2

                      12/31/2009              25.642              29.577 4

                      12/31/2010              29.577              32.899 7

                      12/31/2011              32.899              31.698 10

VISB 7   2.50%

                      12/31/2007              N/A              26.285 0

                      12/31/2008              26.285              27.225 41

                      12/31/2009              27.225              31.514 62

                      12/31/2010              31.514              35.176 77

                      12/31/2011              35.176              34.011 73

VISB 8   2.80%

                      12/31/2007              N/A              24.833 0

                      12/31/2008              24.833              25.644 9

                      12/31/2009              25.644              29.594 69

                      12/31/2010              29.594              32.934 102

                      12/31/2011              32.934              31.749 113

VISB 9   2.65%

                      12/31/2007              N/A              25.549 0

                      12/31/2008              25.549              26.423 28

                      12/31/2009              26.423              30.539 72

                      12/31/2010              30.539              34.037 98

                      12/31/2011              34.037              32.861 101

VISC 1   2.45%

                      12/31/2008              N/A              27.498 14

                      12/31/2009              27.498              31.846 16

                      12/31/2010              31.846              35.565 18

                      12/31/2011              35.565              34.404 8

VISC 10   3.00%

                      12/31/2008              N/A              24.641 0

                      12/31/2009              24.641              28.380 2

                      12/31/2010              28.380              31.520 5

                      12/31/2011              31.520              30.324 5

VISC 11   2.30%

                      12/31/2009              N/A              32.862 1

                      12/31/2010              32.862              36.755 2

                      12/31/2011              36.755              35.609 0

VISC 12   3.15%

                      12/31/2009              N/A              27.502 2

                      12/31/2010              27.502              30.499 1

                      12/31/2011              30.499              29.298 2

VISC 13   1.75%

                      12/31/2009              N/A              36.964 2

                      12/31/2010              36.964              41.570 42

                      12/31/2011              41.570              40.495 77

VISC 14   2.05%

                      12/31/2009              N/A              34.630 0

                      12/31/2010              34.630              38.828 0

                      12/31/2011              38.828              37.711 0

VISC 2   2.75%

                      12/31/2008              N/A              25.901 0

                      12/31/2009              25.901              29.906 0

                      12/31/2010              29.906              33.298 0

                      12/31/2011              33.298              32.115 0

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 3   2.60%

                      12/31/2008              N/A              26.688 4

                      12/31/2009              26.688              30.861 12

                      12/31/2010              30.861              34.413 12

                      12/31/2011              34.413              33.240 10

VISC 4   2.90%

                      12/31/2008              N/A              25.137 0

                      12/31/2009              25.137              28.981 0

                      12/31/2010              28.981              32.219 0

                      12/31/2011              32.219              31.028 0

VISC 5   2.15%

                      12/31/2008              N/A              29.194 5

                      12/31/2009              29.194              33.912 17

                      12/31/2010              33.912              37.985 18

                      12/31/2011              37.985              36.856 17

VISC 7   2.55%

                      12/31/2008              N/A              27.168 10

                      12/31/2009              27.168              31.431 16

                      12/31/2010              31.431              35.066 13

                      12/31/2011              35.066              33.888 11

VISC 8   2.85%

                      12/31/2008              N/A              25.642 1

                      12/31/2009              25.642              29.577 5

                      12/31/2010              29.577              32.899 11

                      12/31/2011              32.899              31.698 9

VISC 9   2.70%

                      12/31/2008              N/A              26.394 11

                      12/31/2009              26.394              30.490 31

                      12/31/2010              30.490              33.965 39

                      12/31/2011              33.965              32.775 19

VISI 1   1.40%

                      12/31/2007              N/A              32.376 0

                      12/31/2008              32.376              33.906 0

                      12/31/2009              33.906              39.681 0

                      12/31/2010              39.681              44.783 0

                      12/31/2011              44.783              43.777 0

VISI 10   2.65%

                      12/31/2007              N/A              25.549 0

                      12/31/2008              25.549              26.423 21

                      12/31/2009              26.423              30.539 43

                      12/31/2010              30.539              34.037 53

                      12/31/2011              34.037              32.861 51

VISI 11   1.80%

                      12/31/2008              N/A              31.306 71

                      12/31/2009              31.306              36.492 142

                      12/31/2010              36.492              41.019 194

                      12/31/2011              41.019              39.938 214

VISI 13   1.95%

                      12/31/2009              N/A              35.363 64

                      12/31/2010              35.363              39.690 78

                      12/31/2011              39.690              38.587 101

VISI 14   2.80%

                      12/31/2009              N/A              29.594 22

                      12/31/2010              29.594              32.934 15

                      12/31/2011              32.934              31.749 15

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

134

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 2   1.70%

                      12/31/2007              N/A              30.650 29

                      12/31/2008              30.650              32.002 29

                      12/31/2009              32.002              37.340 49

                      12/31/2010              37.340              42.015 244

                      12/31/2011              42.015              40.949 363

VISI 3   2.10%

                      12/31/2007              N/A              28.491 0

                      12/31/2008              28.491              29.628 81

                      12/31/2009              29.628              34.433 166

                      12/31/2010              34.433              38.588 175

                      12/31/2011              38.588              37.460 177

VISI 4   2.40%

                      12/31/2007              N/A              26.971 0

                      12/31/2008              26.971              27.964 11

                      12/31/2009              27.964              32.401 24

                      12/31/2010              32.401              36.203 33

                      12/31/2011              36.203              35.039 33

VISI 5   2.25%

                      12/31/2007              N/A              27.721 0

                      12/31/2008              27.721              28.784 35

                      12/31/2009              28.784              33.402 126

                      12/31/2010              33.402              37.377 168

                      12/31/2011              37.377              36.229 175

VISI 6   2.55%

                      12/31/2007              N/A              26.243 0

                      12/31/2008              26.243              27.168 2

                      12/31/2009              27.168              31.431 15

                      12/31/2010              31.431              35.066 15

                      12/31/2011              35.066              33.888 14

VISI 7   2.20%

                      12/31/2007              N/A              27.823 0

                      12/31/2008              27.823              28.905 115

                      12/31/2009              28.905              33.558 190

                      12/31/2010              33.558              37.571 218

                      12/31/2011              37.571              36.435 228

VISI 8   2.50%

                      12/31/2007              N/A              26.285 0

                      12/31/2008              26.285              27.225 10

                      12/31/2009              27.225              31.514 139

                      12/31/2010              31.514              35.176 176

                      12/31/2011              35.176              34.011 163

VISI 9   2.35%

                      12/31/2007              N/A              27.043 0

                      12/31/2008              27.043              28.053 72

                      12/31/2009              28.053              32.520 261

                      12/31/2010              32.520              36.354 296

                      12/31/2011              36.354              35.202 326

VISL 1   1.65%

                      12/31/2007              N/A              30.931 56

                      12/31/2008              30.931              32.312 56

                      12/31/2009              32.312              37.721 74

                      12/31/2010              37.721              42.464 606

                      12/31/2011              42.464              41.407 876

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 10   2.90%

                      12/31/2007              N/A              24.367 0

                      12/31/2008              24.367              25.137 9

                      12/31/2009              25.137              28.981 50

                      12/31/2010              28.981              32.219 64

                      12/31/2011              32.219              31.028 63

VISL 11   2.05%

                      12/31/2008              N/A              29.783 62

                      12/31/2009              29.783              34.630 196

                      12/31/2010              34.630              38.828 238

                      12/31/2011              38.828              37.711 284

VISL 13   3.05%

                      12/31/2009              N/A              28.084 21

                      12/31/2010              28.084              31.176 21

                      12/31/2011              31.176              29.978 25

VISL 14   2.20%

                      12/31/2009              N/A              33.558 23

                      12/31/2010              33.558              37.571 30

                      12/31/2011              37.571              36.435 38

VISL 2   1.95%

                      12/31/2007              N/A              29.282 15

                      12/31/2008              29.282              30.497 17

                      12/31/2009              30.497              35.496 25

                      12/31/2010              35.496              39.839 142

                      12/31/2011              39.839              38.732 219

VISL 3   2.35%

                      12/31/2007              N/A              27.219 0

                      12/31/2008              27.219              28.235 33

                      12/31/2009              28.235              32.731 99

                      12/31/2010              32.731              36.590 99

                      12/31/2011              36.590              35.431 100

VISL 4   2.65%

                      12/31/2007              N/A              25.768 0

                      12/31/2008              25.768              26.649 7

                      12/31/2009              26.649              30.801 15

                      12/31/2010              30.801              34.329 14

                      12/31/2011              34.329              33.142 13

VISL 5   2.50%

                      12/31/2007              N/A              26.483 0

                      12/31/2008              26.483              27.431 34

                      12/31/2009              27.431              31.751 84

                      12/31/2010              31.751              35.441 113

                      12/31/2011              35.441              34.268 102

VISL 6   2.80%

                      12/31/2007              N/A              25.071 0

                      12/31/2008              25.071              25.890 7

                      12/31/2009              25.890              29.878 9

                      12/31/2010              29.878              33.251 11

                      12/31/2011              33.251              32.053 10

VISL 7   2.45%

                      12/31/2007              N/A              26.535 0

                      12/31/2008              26.535              27.498 54

                      12/31/2009              27.498              31.846 82

                      12/31/2010              31.846              35.565 102

                      12/31/2011              35.565              34.404 94

The Allianz VisionSM Variable Annuity Contract SAI – June 14, 2012

135

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 8   2.75%

                      12/31/2007              N/A              25.069 0

                      12/31/2008              25.069              25.901 9

                      12/31/2009              25.901              29.906 76

                      12/31/2010              29.906              33.298 69

                      12/31/2011              33.298              32.115 79

VISL 9   2.60%

                      12/31/2007              N/A              25.792 0

                      12/31/2008              25.792              26.688 73

                      12/31/2009              26.688              30.861 192

                      12/31/2010              30.861              34.413 212

                      12/31/2011              34.413              33.240 213

Templeton Growth Securities Fund

VISB 1   1.70%

                      12/31/2007              N/A              28.340 213

                      12/31/2008              28.340              16.069 265

                      12/31/2009              16.069              20.712 55

                      12/31/2010              20.712              21.869 58

                      12/31/2011              21.869              20.001 67

VISB 10   2.95%

                      12/31/2007              N/A              23.847 0

                      12/31/2008              23.847              13.353 15

                      12/31/2009              13.353              16.998 25

                      12/31/2010              16.998              17.724 26

                      12/31/2011              17.724              16.009 26

VISB 11   2.10%

                      12/31/2008              N/A              15.145 25

                      12/31/2009              15.145              19.443 32

                      12/31/2010              19.443              20.446 40

                      12/31/2011              20.446              18.626 22

VISB 13   3.10%

                      12/31/2009              N/A              16.599 0

                      12/31/2010              16.599              17.282 0

                      12/31/2011              17.282              15.587 0

VISB 14   2.25%

                      12/31/2009              N/A              18.987 7

                      12/31/2010              18.987              19.937 6

                      12/31/2011              19.937              18.135 6

VISB 2   2.00%

                      12/31/2007              N/A              27.190 71

                      12/31/2008              27.190              15.371 76

                      12/31/2009              15.371              19.753 12

                      12/31/2010              19.753              20.793 17

                      12/31/2011              20.793              18.961 31

VISB 3   2.40%

                      12/31/2007              N/A              25.729 0

                      12/31/2008              25.729              14.487 106

                      12/31/2009              14.487              18.542 267

                      12/31/2010              18.542              19.441 272

                      12/31/2011              19.441              17.657 218

VISB 4   2.70%

                      12/31/2007              N/A              24.684 0

                      12/31/2008              24.684              13.857 6

                      12/31/2009              13.857              17.683 39

                      12/31/2010              17.683              18.484 37

                      12/31/2011              18.484              16.738 37

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISB 5   2.55%

                      12/31/2007              N/A              25.201 0

                      12/31/2008              25.201              14.168 68

                      12/31/2009              14.168              18.107 175

                      12/31/2010              18.107              18.957 169

                      12/31/2011              18.957              17.192 152

VISB 6   2.85%

                      12/31/2007              N/A              24.178 0

                      12/31/2008              24.178              13.552 5

                      12/31/2009              13.552              17.268 39

                      12/31/2010              17.268              18.024 37

                      12/31/2011              18.024              16.297 29

VISB 7   2.50%

                      12/31/2007              N/A              25.376 0

                      12/31/2008              25.376              14.274 123

                      12/31/2009              14.274              18.251 151

                      12/31/2010              18.251              19.117 155

                      12/31/2011              19.117              17.345 156

VISB 8   2.80%

                      12/31/2007              N/A              24.346 0

                      12/31/2008              24.346              13.653 27

                      12/31/2009              13.653              17.406 42

                      12/31/2010              17.406              18.176 28

                      12/31/2011              18.176              16.443 30

VISB 9   2.65%

                      12/31/2007              N/A              24.855 0

                      12/31/2008              24.855              13.960 72

                      12/31/2009              13.960              17.823 128

                      12/31/2010              17.823              18.640 111

                      12/31/2011              18.640              16.888 102

VISC 1   2.45%

                      12/31/2008              N/A              14.380 3

                      12/31/2009              14.380              18.396 4

                      12/31/2010              18.396              19.278 4

                      12/31/2011              19.278              17.500 6

VISC 10   3.00%

                      12/31/2008              N/A              13.255 0

                      12/31/2009              13.255              16.864 2

                      12/31/2010              16.864              17.575 0

                      12/31/2011              17.575              15.867 0

VISC 11   2.30%

                      12/31/2009              N/A              18.838 3

                      12/31/2010              18.838              19.770 4

                      12/31/2011              19.770              17.974 2

VISC 12   3.15%

                      12/31/2009              N/A              16.468 1

                      12/31/2010              16.468              17.137 0

                      12/31/2011              17.137              15.449 0

VISC 13   1.75%

                      12/31/2009              N/A              20.550 0

                      12/31/2010              20.550              21.687 3

                      12/31/2011              21.687              19.825 3

VISC 14   2.05%

                      12/31/2009              N/A              19.597 0

                      12/31/2010              19.597              20.619 0

                      12/31/2011              20.619              18.793 0

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISC 2   2.75%

                      12/31/2008              N/A              13.755 2

                      12/31/2009              13.755              17.544 1

                      12/31/2010              17.544              18.330 1

                      12/31/2011              18.330              16.590 1

VISC 3   2.60%

                      12/31/2008              N/A              14.064 0

                      12/31/2009              14.064              17.965 0

                      12/31/2010              17.965              18.798 0

                      12/31/2011              18.798              17.039 1

VISC 4   2.90%

                      12/31/2008              N/A              13.452 0

                      12/31/2009              13.452              17.132 0

                      12/31/2010              17.132              17.873 0

                      12/31/2011              17.873              16.153 0

VISC 5   2.15%

                      12/31/2008              N/A              15.033 2

                      12/31/2009              15.033              19.290 5

                      12/31/2010              19.290              20.275 6

                      12/31/2011              20.275              18.461 1

VISC 7   2.55%

                      12/31/2008              N/A              14.168 2

                      12/31/2009              14.168              18.107 5

                      12/31/2010              18.107              18.957 3

                      12/31/2011              18.957              17.192 2

VISC 8   2.85%

                      12/31/2008              N/A              13.552 0

                      12/31/2009              13.552              17.268 0

                      12/31/2010              17.268              18.024 0

                      12/31/2011              18.024              16.297 0

VISC 9   2.70%

                      12/31/2008              N/A              13.857 4

                      12/31/2009              13.857              17.683 4

                      12/31/2010              17.683              18.484 4

                      12/31/2011              18.484              16.738 4

VISI 1   1.40%

                      12/31/2007              N/A              29.538 0

                      12/31/2008              29.538              16.799 0

                      12/31/2009              16.799              21.718 0

                      12/31/2010              21.718              23.000 0

                      12/31/2011              23.000              21.099 0

VISI 10   2.65%

                      12/31/2007              N/A              24.855 0

                      12/31/2008              24.855              13.960 27

                      12/31/2009              13.960              17.823 54

                      12/31/2010              17.823              18.640 58

                      12/31/2011              18.640              16.888 64

VISI 11   1.80%

                      12/31/2008              N/A              15.833 153

                      12/31/2009              15.833              20.387 261

                      12/31/2010              20.387              21.504 288

                      12/31/2011              21.504              19.648 279

VISI 13   1.95%

                      12/31/2009              N/A              19.909 78

                      12/31/2010              19.909              20.969 79

                      12/31/2011              20.969              19.130 77

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISI 14   2.80%

                      12/31/2009              N/A              17.406 0

                      12/31/2010              17.406              18.176 0

                      12/31/2011              18.176              16.443 0

VISI 2   1.70%

                      12/31/2007              N/A              28.340 79

                      12/31/2008              28.340              16.069 113

                      12/31/2009              16.069              20.712 61

                      12/31/2010              20.712              21.869 93

                      12/31/2011              21.869              20.001 108

VISI 3   2.10%

                      12/31/2007              N/A              26.817 0

                      12/31/2008              26.817              15.145 225

                      12/31/2009              15.145              19.443 494

                      12/31/2010              19.443              20.446 489

                      12/31/2011              20.446              18.626 459

VISI 4   2.40%

                      12/31/2007              N/A              25.729 0

                      12/31/2008              25.729              14.487 33

                      12/31/2009              14.487              18.542 68

                      12/31/2010              18.542              19.441 67

                      12/31/2011              19.441              17.657 64

VISI 5   2.25%

                      12/31/2007              N/A              26.267 0

                      12/31/2008              26.267              14.812 165

                      12/31/2009              14.812              18.987 350

                      12/31/2010              18.987              19.937 350

                      12/31/2011              19.937              18.135 353

VISI 6   2.55%

                      12/31/2007              N/A              25.201 0

                      12/31/2008              25.201              14.168 7

                      12/31/2009              14.168              18.107 29

                      12/31/2010              18.107              18.957 37

                      12/31/2011              18.957              17.192 41

VISI 7   2.20%

                      12/31/2007              N/A              26.449 0

                      12/31/2008              26.449              14.922 257

                      12/31/2009              14.922              19.138 365

                      12/31/2010              19.138              20.105 367

                      12/31/2011              20.105              18.297 397

VISI 8   2.50%

                      12/31/2007              N/A              25.376 0

                      12/31/2008              25.376              14.274 68

                      12/31/2009              14.274              18.251 103

                      12/31/2010              18.251              19.117 88

                      12/31/2011              19.117              17.345 91

VISI 9   2.35%

                      12/31/2007              N/A              25.907 0

                      12/31/2008              25.907              14.594 217

                      12/31/2009              14.594              18.689 305

                      12/31/2010              18.689              19.605 288

                      12/31/2011              19.605              17.815 277

VISL 1   1.65%

                      12/31/2007              N/A              28.536 245

                      12/31/2008              28.536              16.189 260

                      12/31/2009              16.189              20.877 30

                      12/31/2010              20.877              22.053 74

                      12/31/2011              22.053              20.180 116

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Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 10   2.90%

                      12/31/2007              N/A              24.012 0

                      12/31/2008              24.012              13.452 19

                      12/31/2009              13.452              17.132 31

                      12/31/2010              17.132              17.873 33

                      12/31/2011              17.873              16.153 33

VISL 11   2.05%

                      12/31/2008              N/A              15.257 47

                      12/31/2009              15.257              19.597 64

                      12/31/2010              19.597              20.619 70

                      12/31/2011              20.619              18.793 70

VISL 13   3.05%

                      12/31/2009              N/A              16.731 1

                      12/31/2010              16.731              17.428 0

                      12/31/2011              17.428              15.727 0

VISL 14   2.20%

                      12/31/2009              N/A              19.138 13

                      12/31/2010              19.138              20.105 14

                      12/31/2011              20.105              18.297 14

VISL 2   1.95%

                      12/31/2007              N/A              27.378 51

                      12/31/2008              27.378              15.485 51

                      12/31/2009              15.485              19.909 9

                      12/31/2010              19.909              20.969 38

                      12/31/2011              20.969              19.130 50

VISL 3   2.35%

                      12/31/2007              N/A              25.907 0

                      12/31/2008              25.907              14.594 81

                      12/31/2009              14.594              18.689 208

                      12/31/2010              18.689              19.605 208

                      12/31/2011              19.605              17.815 189

VISL 4   2.65%

                      12/31/2007              N/A              24.855 0

                      12/31/2008              24.855              13.960 5

                      12/31/2009              13.960              17.823 31

                      12/31/2010              17.823              18.640 32

                      12/31/2011              18.640              16.888 31

Benefit Option*	Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
Investment Option

VISL 5   2.50%

                      12/31/2007              N/A              25.376 0

                      12/31/2008              25.376              14.274 43

                      12/31/2009              14.274              18.251 122

                      12/31/2010              18.251              19.117 125

                      12/31/2011              19.117              17.345 135

VISL 6   2.80%

                      12/31/2007              N/A              24.346 0

                      12/31/2008              24.346              13.653 3

                      12/31/2009              13.653              17.406 16

                      12/31/2010              17.406              18.176 9

                      12/31/2011              18.176              16.443 10

VISL 7   2.45%

                      12/31/2007              N/A              25.551 0

                      12/31/2008              25.551              14.380 97

                      12/31/2009              14.380              18.396 147

                      12/31/2010              18.396              19.278 167

                      12/31/2011              19.278              17.500 149

VISL 8   2.75%

                      12/31/2007              N/A              24.515 0

                      12/31/2008              24.515              13.755 16

                      12/31/2009              13.755              17.544 60

                      12/31/2010              17.544              18.330 43

                      12/31/2011              18.330              16.590 50

VISL 9   2.60%

                      12/31/2007              N/A              25.028 0

                      12/31/2008              25.028              14.064 63

                      12/31/2009              14.064              17.965 112

                      12/31/2010              17.965              18.798 154

                      12/31/2011              18.798              17.039 105

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