485BPOS 1 sdvan-shell.txt REGISTRATION STATEMENT As filed with the Securities and Exchange Registration No. 333-57218 Commission on February 15, 2002 Registration No. 811-05626 ------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. __ [ ] Post-Effective Amendment No. 3 [X] and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 146 [X] (Check appropriate box or boxes) SEPARATE ACCOUNT B (EXACT NAME OF REGISTRANT) GOLDEN AMERICAN LIFE INSURANCE COMPANY (NAME OF DEPOSITOR) 1475 Dunwoody Drive West Chester, PA 19380-1478 (Address of Depositor's Principal Executive Offices) (Zip Code) Depositor's Telephone Number, including Area Code (610) 425-3400 (Name and Address of Agent for Service) Linda E. Senker, Esq. Golden American Life Insurance Company 1475 Dunwoody Drive West Chester, PA 19380 (610) 425-4139 ------------------------------------------------------------------------------- APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: As soon as practical after the effective date of the Registration Statement IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (check appropriate box): [X] immediately upon filing pursuant to paragraph (b) of Rule 485 [ ] on ________ pursuant to paragraph (b) of Rule 485 [ ] 60 days after filing pursuant to paragraph (a)(1) of Rule 485 [ ] on (date) pursuant to paragraph (a)(1) of Rule 485 IF APPROPRIATE, CHECK THE FOLLOWING BOX: [ ] this Post-Effective Amendment designates a new effective date for a previously filed Post-Effective Amendment. TITLE OF SECURITIES BEING REGISTERED: Deferred Combination Variable and Fixed Annuity Contracts PARTS A AND B The Prospectus, dated July 13, 2001 as amended by supplements dated September 13, 2001, September 25, 2001, October 1, 2001, and December 6, 2001 is incorporated into Part A of this Post-Effective Amendment No. 3 by reference to the following filings of the Registrant: Filings under Rule 497(e) as filed on September 17, 2001, September 26, 2001 and October 5, 2001 (File No. 333-57218), Post-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-57218) as filed on September 6, 2001, and declared effective on September 6, 2001, Post-Effective Amendment No. 2 as filed on December 6,2001 and declared effective on December 6, 2001. A supplement dated March 15, 2002 to the Prospectus is included in Part A of this Post-Effective Amendment No. 3. Also included in Part A is Condensed Financial Information. The Statement of Additional Information dated March 15, 2002 is included in Part B of this Post-Effective Amendment No. 3 and includes updated performance, unaudited Financial Statements of Golden American Life Insurance Company Separate Account B for the period ended September 30, 2001 and and unaudited Financial Statements of Golden American Life Insurance Company for the period ended September 30, 2001. PART A SEPARATE ACCOUNT B GOLDEN AMERICAN LIFE INSURANCE COMPANY SUPPLEMENT DATED MARCH 15, 2002 TO JULY 13, 2001 PROSPECTUS GENERAL DESCRIPTION OF GET R Series R of the ING GET Fund (formerly known as Aetna GET Fund) (GET R) is an investment option that may be available during the accumulation phase of the contract. Golden American Life Insurance Company (the Company, we, our) makes a guarantee, as described below, when you direct money into GET R. Aeltus Investment Management, Inc. serves as investment adviser to GET R. We will offer GET R shares only during its offering period, which is scheduled to run from March 15, 2002 through the close of business on June 13, 2002. GET R may not be available under your contract, your plan or in your state. Please read the GET R prospectus for a more complete description of GET R, including its charges and expenses. INVESTMENT OBJECTIVE OF GET R GET R seeks to achieve maximum total return, without compromising a minimum targeted return, by participating in favorable equity market performance during the guarantee period. GET R's guarantee period runs from June 14, 2002 through June 15, 2007. During the offering period, all GET R assets will be invested in short-term instruments and during the guarantee period will be invested in a combination of fixed income and equity securities. THE GET FUND GUARANTEE The guarantee period for GET R will end on June 15, 2007, which is GET R's maturity date. The Company guarantees that the value of an accumulation unit of the GET R subaccount under the contract on the maturity date (as valued after the close of business on June 15, 2007) will not be less than its value as determined after the close of business on the last day of the offering period. 121908 March 2002 If the value on the maturity date is lower than it was on the last day of the offering period, we will transfer funds from our general account to the GET R subaccount to make up the difference. This means that if you remain invested in GET R until the maturity date, at the maturity date you will receive no less than the value of your separate account investment directed to GET R as of the last day of the offering period, less any maintenance fees or any amounts you transfer or withdraw from the GET R subaccount. The value of dividends and distributions made by GET R throughout the guarantee period is taken into account in determining whether, for purposes of the guarantee, the value of your GET R investment on the maturity date is no less than its value as of the last day of the offering period. The guarantee does not promise that you will earn the fund's minimum targeted return referred to in the investment objective. If you withdraw or transfer funds from GET R before the maturity date, we will process the transactions at the actual unit value next determined after we receive your order. The guarantee will not apply to these amounts or to amounts deducted as a maintenance fee, if applicable. MATURITY DATE Before the maturity date, we will send a notice to each contract owner who has amounts in GET R. This notice will remind you that the maturity date is approaching and that you must choose other investment options for your GET R amounts. If you do not make a choice, on the maturity date we will transfer your GET R amounts to another available series of the GET Fund that is accepting deposits. If no GET Fund 121908 March 2002 series is available, we will transfer your GET R amounts to the fund or funds designated by the Company. The following information supplements the "Fee Table" contained in the prospectus: MAXIMUM FEES DEDUCTED FROM INVESTMENTS IN THE SEPARATE ACCOUNT In addition to the amounts currently listed under the heading "Fee Table" in the prospectus, we will make a daily deduction of a GET R Guarantee Charge, equal on an annual basis to the percentage shown below, from the amounts allocated to the GET R investment option: GET R GUARANTEE CHARGE (deducted daily during the Guarantee Period)... 0.50% MAXIMUM TOTAL SEPARATE ACCOUNT EXPENSES (including the optional 0.50% Premium Bonus Option Charge and Get R Guarantee Charge)1..... 2.40%/2/ The following information supplements the "Fund Expense Table" contained in the prospectus: AETNA GET FUND SERIES R ANNUAL EXPENSES (As a percentage of the average net assets.)
TOTAL FUND TOTAL FUND DISTRIBUTION ANNUAL ANNUAL AND/OR EXPENSES TOTAL EXPENSES INVESTMENT SERVICE WITHOUT WAIVERS (AFTER ADVISORY (12B-1) OTHER WAIVERS OR OR EXPENSE PORTFOLIO FEE3 FEE EXPENSES/4/ REDUCTIONS REDUCTIONS REIMBURSEMENT)/5/ ---------- ------------ ----------- ---------- ---------- ----------------- Aetna GET Fund Series R 0.60% 0.25% 0.15% 1.00% 0.00% 1.00%
For more information regarding expenses paid out of assets of the fund, see the GET R prospectus. ---------------- 1 If you elect the premium bonus option, the premium bonus option charge is assessed during the first seven account years. After the seventh account year, or if you do not elect the premium bonus option, the maximum total separate account expenses you would pay is 1.90%. 2 The total separate account expenses that apply to your contract may be lower. Please refer to the "Fee Table" section of your prospectus. 3 The Investment Advisory Fee will be 0.25% during the offering period and 0.60% during the guarantee period. 4 "Other Expenses" include an annual fund administrative fee of 0.075% of the average daily net assets of GET R and any additional direct fund expenses. 5 The investment adviser is contractually obligated through GET R's maturity date to waive all or a portion of its investment advisory fee and/or its administrative fee and/or to reimburse a portion of the fund's other expenses in order to ensure that GET R's Total Fund Annual Expenses do not exceed 0.75% of the fund's average daily net assets (excluding the 12b-1 fee). It is not expected that GET R's actual expenses without this waiver or reimbursement will exceed this amount. 121908 2 March 2002 The following information supplements the "Hypothetical Examples" contained in the prospectus: HYPOTHETICAL EXAMPLES--AETNA GET FUND SERIES R ACCOUNT FEES YOU MAY INCUR OVER TIME. The following hypothetical examples show the fees and expenses paid over time if you invest $1,000 in the GET R investment option under the contract (until GET R's maturity date) and assume a 5% annual return on the investment.6 ---------------------------------------- > These examples are purely EXAMPLE A EXAMPLE B hypothetical. If at the end of the periods > They should not be considered a If you withdraw your entire shown you (1) leave your representation of past or future account value at the end of the entire account value invested expenses or expected returns. periods shown, you would pay or (2) select an income phase > Actual expenses and/or returns may the following expenses, payment option, you would pay be more or less than those shown including any applicable the following expenses (no in these examples. early withdrawal charge: early withdrawal charge is reflected):** ---------------------------------------- 1 YEAR 3 YEARS 5 YEARS 1 YEAR 3 YEARS 5 YEARS Aetna GET Fund Series R $97 $159 $214 $34 $105 $178
6 The examples shown above reflect an annual mortality and expense risk charge of 1.25%, an annual contract administrative expense charge of 0.15%, an annual GET R guarantee charge of 0.50%, an annual premium bonus charge of 0.50%, a $30 annual maintenance fee that has been converted to a percentage of assets equal to 0.023% and all charges and expenses of the GET R Fund including the 12b-1 fee. Example A reflects an early withdrawal charge of 7% of the purchase payments at the end of year 1, 6% at the end of year 3 and 4% at the end of year 5. (The expenses that you would pay under your contract may be lower. Please refer to the "Fee Table" section of your prospectus.) 121908 3 March 2002 The following information supplements "Appendix III--Description of Underlying Funds" contained in the prospectus: AETNA GET FUND (SERIES R) INVESTMENT OBJECTIVE Seeks to achieve maximum total return without compromising a minimum targeted return (Targeted Return) by participating in favorable equity market performance during the guarantee period, from June 14, 2002 through June 15, 2007, the maturity date. POLICIES Prior to June 14, 2002, assets are invested entirely in short-term instruments. After that date, assets are allocated between equities and fixed income securities. Equities consist primarily of common stocks. Fixed income securities consist primarily of short- to intermediate-duration U.S. Government securities and may also consist of mortgage backed securities and corporate obligations. The investment adviser uses a proprietary computer model to determine the percentage of assets to allocate between the fixed and the equity components. As the value of the equity component declines, more assets are allocated to the fixed component. RISKS The principal risks of investing in Series R are those generally attributable to stock and bond investing. The success of Series R's strategy depends on the investment adviser's skill in allocating assets between the equity and fixed components and in selecting investments within each component. Because Series R invests in both stocks and bonds, it may underperform stock funds when stocks are in favor and underperform bond funds when bonds are in favor. The risks associated with investing in stocks include sudden and unpredictable drops in the value of the market as a whole and periods of lackluster or negative performance. The principal risk associated with investing in bonds is that interest rates may rise, which generally causes bond prices to fall. If at the inception of, or any time during, the guarantee period interest rates are low, Series R assets may be largely invested in the fixed component in order to increase the likelihood of achieving the Targeted Return at the maturity date. The effect of low interest rates on Series R would likely be more pronounced at the beginning of the guarantee period as the initial allocation of assets would include more fixed income securities. In addition, if during the guarantee period the equity markets experienced a major decline, Series R assets may become largely invested in the fixed component in order to increase the likelihood of achieving the Targeted Return at the maturity date. Use of the fixed component reduces Series R's ability to participate as fully in upward equity market movements and therefore represents some loss of opportunity, or opportunity cost, compared to a portfolio that is fully invested in equities. Investment Adviser: Aeltus Investment Management, Inc. 121908 4 March 2002 CONDENSED FINANCIAL INFORMATION (SELECTED DATA FOR ACCUMULATION UNITS OUTSTANDING THROUGHOUT EACH PERIOD) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- THE CONDENSED FINANCIAL INFORMATION PRESENTED BELOW FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2001 IS DERIVED FROM THE UNAUDITED INTERIM FINANCIAL STATEMENTS OF THE SEPARATE ACCOUNT. THE FINANCIAL STATEMENTS FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2001 ARE INCLUDED IN THE MARCH 15, 2002 STATEMENT OF ADDITIONAL INFORMATION.
TABLE I TABLE II TABLE III 0.95% TOTAL CHARGES 1.25% TOTAL CHARGES 1.40% TOTAL CHARGES ------------------- ------------------- ------------------- AETNA GET FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $10.05 $10.05 $10.04 Number of accumulation units outstanding at end of period 377,972 256,984 120,776 AETNA INDEX PLUS LARGE CAP VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.67 $ 8.67 $ 8.66 Number of accumulation units outstanding at end of period 8,239 955 3 AETNA INDEX PLUS MID CAP VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.72 $ 8.71 $ 8.71 Number of accumulation units outstanding at end of period 8,522 6,355 657 AETNA INDEX PLUS SMALL CAP VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.64 $ 8.63 $ 8.63 Number of accumulation units outstanding at end of period 6,647 83 591 AETNA VALUE OPPORTUNITY VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.46 $ 8.45 $ 8.45 Number of accumulation units outstanding at end of period 0 0 0 ALLIANCE BERNSTEIN VALUE PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.30 $ 9.29 $ 9.29 Number of accumulation units outstanding at end of period 6,285 1,087 706 ALLIANCE GROWTH AND INCOME PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.72 $ 8.71 $ 8.71 Number of accumulation units outstanding at end of period 9,543 8,345 260 ALLIANCE PREMIER GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.37 $ 8.37 $ 8.37 Number of accumulation units outstanding at end of period 1,757 19,640 0 BRINSON TACTICAL ALLOCATION PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.55 $ 8.55 $ 8.54 Number of accumulation units outstanding at end of period 4,017 147 0 FIDELITY VIP EQUITY INCOME PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.82 $ 8.81 $ 8.81 Number of accumulation units outstanding at end of period 11,145 9,550 857 FIDELITY VIP GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.98 $ 7.97 $ 7.97 Number of accumulation units outstanding at end of period 4,820 6,843 0 FIDELITY VIP II CONTRAFUND(R) PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.13 $ 9.12 $ 9.12 Number of accumulation units outstanding at end of period 3,262 7,572 0 GCG TRUST -- EAGLE VALUE EQUITY SERIES Value at beginning of period $19.78 $19.40 $19.20 Value at end of period $16.93 $16.58 $16.42 Number of accumulation units outstanding at end of period 937 510 0 GCG TRUST -- JANUS GROWTH AND INCOME SERIES Value at beginning of period $9.29 $9.27 $9.26 Value at end of period $8.34 $8.31 $8.30 Number of accumulation units outstanding at end of period 9,896 9623 763
121908 5 March 2002
TABLE I TABLE II TABLE III 0.95% TOTAL CHARGES 1.25% TOTAL CHARGES 1.40% TOTAL CHARGES ------------------- ------------------- ------------------- GCG TRUST -- LIQUID ASSET SERIES Value at beginning of period $16.64 $16.02 $15.72 Value at end of period $16.72 $16.09 $15.78 Number of accumulation units outstanding at end of period 687 1,176 30,696 GCG TRUST -- MFS RESEARCH SERIES Value at beginning of period $22.80 $22.33 $22.11 Value at end of period $18.85 $18.46 $18.26 Number of accumulation units outstanding at end of period 558 109 241 GCG TRUST -- MFS TOTAL RETURN SERIES Value at beginning of period $21.21 $20.78 $20.57 Value at end of period $20.10 $19.68 $19.47 Number of accumulation units outstanding at end of period 3,332 4,288 280 GCG TRUST -- PIMCO CORE BOND SERIES Value at beginning of period $11.80 $11.56 $11.44 Value at end of period $12.32 $12.07 $11.94 Number of accumulation units outstanding at end of period 10,596 7,070 1,641 INVESCO VIS--FINANCIAL SERVICES FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.74 $ 8.74 $ 8.73 Number of accumulation units outstanding at end of period 4,073 5,770 0 INVESCO VIS--HEALTH SCIENCES FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.74 $ 9.73 $ 9.73 Number of accumulation units outstanding at end of period 3,940 582 248 INVESCO VIS--UTILITIES FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.89 $ 7.89 $ 7.88 Number of accumulation units outstanding at end of period 1,980 1,325 0 JANUS ASPEN--WORLDWIDE GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.35 $ 8.34 $ 8.34 Number of accumulation units outstanding at end of period 10,619 5,656 2,386 PILGRIM VIT WORLDWIDE GROWTH PORTFOLIO Value at beginning of period $7.57 $7.54 $7.52 Value at end of period $6.39 $6.37 $6.35 Number of accumulation units outstanding at end of period 0 1,294 545 PILGRIM VP CONVERTIBLE PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.83 $ 9.82 $ 9.82 Number of accumulation units outstanding at end of period 0 3,472 0 PILGRIM VP GROWTH AND INCOME PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.47 $ 9.46 $ 9.46 Number of accumulation units outstanding at end of period 223 8,148 0 PILGRIM VP LARGECAP GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.66 $ 8.66 $ 8.65 Number of accumulation units outstanding at end of period 2,015 1,127 0 PILGRIM VP MAGNACAP PORTFOLIO Value at beginning of period $ 9.62 $9.61 $9.61 Value at end of period $ 8.62 $8.61 $8.60 Number of accumulation units outstanding at end of period 96 0 0 PIMCO VI HIGH YIELD BOND PORTFOLIO Value at beginning of period $10.07 $ 9.97 $9.92 Value at end of period $ 9.83 $ 9.73 $9.68 Number of accumulation units outstanding at end of period 751 488 387 PIONEER FUND VCT PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.63 $ 8.62 $ 8.62 Number of accumulation units outstanding at end of period 550 4,332 522 PIONEER SMALL COMPANY VCT PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.31 $ 8.30 $ 8.30 Number of accumulation units outstanding at end of period 2,345 2,740 0 PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.53 $ 7.53 $ 7.53 Number of accumulation units outstanding at end of period 42 7,081 1,204
121908 6 March 2002
TABLE I TABLE II TABLE III 0.95% TOTAL CHARGES 1.25% TOTAL CHARGES 1.40% TOTAL CHARGES ------------------- ------------------- ------------------- PRUDENTIAL JENNISON PORTFOLIO Value at beginning of period $6.60 $6.58 $6.56 Value at end of period $5.44 $5.41 $5.40 Number of accumulation units outstanding at end of period 0 0 0 PRUDENTIAL SP JENNISON INTERNATIONAL GROWTH PORTFOLIO Value at beginning of period $6.00 $5.98 $5.98 Value at end of period $5.04 $5.03 $5.02 Number of accumulation units outstanding at end of period 0 0 0 PUTNAM GROWTH AND INCOME FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.93 $ 8.93 $ 8.92 Number of accumulation units outstanding at end of period 3,886 1,716 0 PUTNAM INTERNATIONAL GROWTH AND INCOME FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.80 $ 8.79 $ 8.79 Number of accumulation units outstanding at end of period 4,115 89 1,097 PUTNAM VOYAGER FUND II Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.18 $ 7.18 $ 7.18 Number of accumulation units outstanding at end of period 2,560 132 0
121908 7 March 2002
TABLE IV TABLE V TABLE VI 1.45% TOTAL CHARGES 1.75% TOTAL CHARGES 1.90% TOTAL CHARGES ------------------- ------------------- ------------------- AETNA GET FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $10.04 $10.04 $10.03 Number of accumulation units outstanding at end of period 1,214,061 759,882 516,611 AETNA INDEX PLUS LARGE CAP VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.66 $ 8.66 $ 8.65 Number of accumulation units outstanding at end of period 15,895 2,067 2,208 AETNA INDEX PLUS MID CAP VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.71 $ 8.70 $ 8.70 Number of accumulation units outstanding at end of period 2,354 14,345 872 AETNA INDEX PLUS SMALL CAP VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.63 $ 8.63 $ 8.62 Number of accumulation units outstanding at end of period 10,044 649 880 AETNA VALUE OPPORTUNITY VP Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.45 $ 8.45 $ 8.44 Number of accumulation units outstanding at end of period 1,005 13,770 0 ALLIANCE BERNSTEIN VALUE PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.29 $ 9.28 $ 9.28 Number of accumulation units outstanding at end of period 5,503 13,142 131 ALLIANCE GROWTH AND INCOME PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.71 $ 8.70 $ 8.70 Number of accumulation units outstanding at end of period 18,597 17,006 489 ALLIANCE PREMIER GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.36 $ 8.36 $ 8.36 Number of accumulation units outstanding at end of period 2,297 18,077 0 BRINSON TACTICAL ALLOCATION PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.54 $ 8.54 $ 8.53 Number of accumulation units outstanding at end of period 4,021 9,728 4,485 FIDELITY VIP EQUITY INCOME PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.81 $ 8.80 $ 8.80 Number of accumulation units outstanding at end of period 23,780 21,647 1,166 FIDELITY VIP GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.97 $ 7.96 $ 7.96 Number of accumulation units outstanding at end of period 11,726 9,850 235 FIDELITY VIP II CONTRAFUND(R) PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.12 $ 9.11 $ 9.11 Number of accumulation units outstanding at end of period 19,943 18,908 14,329 GCG TRUST -- EAGLE VALUE EQUITY SERIES Value at beginning of period $19.14 $18.77 $18.58 Value at end of period $16.36 $16.03 $15.86 Number of accumulation units outstanding at end of period 669 0 0 GCG TRUST -- JANUS GROWTH AND INCOME SERIES Value at beginning of period $9.25 $9.23 $9.22 Value at end of period $8.30 $8.27 $8.26 Number of accumulation units outstanding at end of period 16,169 1,349 9,852 GCG TRUST -- LIQUID ASSET SERIES Value at beginning of period $15.62 $15.04 $14.76 Value at end of period $15.68 $15.09 $14.80 Number of accumulation units outstanding at end of period 30,126 8,678 38,934 GCG TRUST -- MFS RESEARCH SERIES Value at beginning of period $22.03 $21.58 $21.36 Value at end of period $18.20 $17.82 $17.63 Number of accumulation units outstanding at end of period 1,403 2,107 64 GCG TRUST -- MFS TOTAL RETURN SERIES Value at beginning of period $20.50 $20.08 $19.87 Value at end of period $19.40 $18.99 $18.79 Number of accumulation units outstanding at end of period 16,987 14,672 5,561
121908 8 March 2002
TABLE IV TABLE V TABLE VI 1.45% TOTAL CHARGES 1.75% TOTAL CHARGES 1.90% TOTAL CHARGES ------------------- ------------------- ------------------- GCG TRUST -- PIMCO CORE BOND SERIES Value at beginning of period $11.40 $11.17 $11.05 Value at end of period $11.90 $11.65 $11.52 Number of accumulation units outstanding at end of period 38,207 45,272 10,421 INVESCO VIS--FINANCIAL SERVICES FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.73 $ 8.73 $ 8.72 Number of accumulation units outstanding at end of period 3,356 1,503 3,589 INVESCO VIS--HEALTH SCIENCES FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.73 $ 9.72 $ 9.72 Number of accumulation units outstanding at end of period 2,993 7,179 22,415 INVESCO VIS--UTILITIES FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.88 $ 7.88 $ 7.87 Number of accumulation units outstanding at end of period 0 318 4,981 JANUS ASPEN--WORLDWIDE GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.34 $ 8.34 $ 8.33 Number of accumulation units outstanding at end of period 17,529 4,021 7,383 PILGRIM VIT WORLDWIDE GROWTH PORTFOLIO Value at beginning of period $7.52 $7.49 $7.48 Value at end of period $6.35 $6.32 $6.31 Number of accumulation units outstanding at end of period 1,621 3,192 184 PILGRIM VP CONVERTIBLE PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.82 $ 9.81 $ 9.81 Number of accumulation units outstanding at end of period 1,454 78 0 PILGRIM VP GROWTH AND INCOME PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 9.46 $ 9.45 $ 9.45 Number of accumulation units outstanding at end of period 63 2,323 0 PILGRIM VP LARGECAP GROWTH PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.65 $ 8.65 $ 8.64 Number of accumulation units outstanding at end of period 13,954 2,433 0 PILGRIM VP MAGNACAP PORTFOLIO Value at beginning of period $ 9.61 $ 9.60 $ 9.60 Value at end of period $ 8.60 $ 8.59 $ 8.59 Number of accumulation units outstanding at end of period 86 0 0 PIMCO VI HIGH YIELD BOND PORTFOLIO Value at beginning of period $9.91 $9.81 $9.76 Value at end of period $9.66 $9.56 $9.51 Number of accumulation units outstanding at end of period 6,606 912 2,321 PIONEER FUND VCT PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.62 $ 8.61 $ 8.61 Number of accumulation units outstanding at end of period 513 1,234 4,340 PIONEER SMALL COMPANY VCT PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.30 $ 8.29 $ 8.29 Number of accumulation units outstanding at end of period 13,288 17,318 10,527 PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.53 $ 7.52 $ 7.52 Number of accumulation units outstanding at end of period 6,212 8,173 283 PRUDENTIAL JENNISON PORTFOLIO Value at beginning of period $6.56 $6.54 $6.52 Value at end of period $5.40 $5.37 $5.36 Number of accumulation units outstanding at end of period 0 7,723 1,263 PRUDENTIAL SP JENNISON INTERNATIONAL GROWTH PORTFOLIO Value at beginning of period $5.97 $5.96 $5.95 Value at end of period $5.02 $5.00 $4.99 Number of accumulation units outstanding at end of period 0 0 466 PUTNAM GROWTH AND INCOME FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.92 $ 8.92 $ 8.91 Number of accumulation units outstanding at end of period 6,306 3,748 349
121908 9 March 2002
TABLE IV TABLE V TABLE VI 1.45% TOTAL CHARGES 1.75% TOTAL CHARGES 1.90% TOTAL CHARGES ------------------- ------------------- ------------------- PUTNAM INTERNATIONAL GROWTH AND INCOME FUND Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 8.79 $ 8.78 $ 8.78 Number of accumulation units outstanding at end of period 8,564 673 7,566 PUTNAM VOYAGER FUND II Value at beginning of period $10.00 $10.00 $10.00 Value at end of period $ 7.18 $ 7.17 $ 7.17 Number of accumulation units outstanding at end of period 15,152 1,379 1,318
121908 10 March 2002 PART B SEPARATE ACCOUNT B OF GOLDEN AMERICAN LIFE INSURANCE COMPANY STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 15, 2002 GROUP OR INDIVIDUAL VARIABLE ANNUITY This Statement of Additional Information is not a prospectus and should be read in conjunction with the current prospectus for Separate Account B (the separate account) dated July 13, 2001 as supplemented on July 18,2001, September 6, 2001, September 13, 2001, October 1, 2001 and December 6, 2001. A free prospectus is available upon request from Golden American Life Insurance Company by writing to or calling: Golden American Life Insurance Company Customer Service Center P.O. Box 2700 West Chester, PA 19380-1478 1-800-366-0066 Read the prospectus before you invest. Unless otherwise indicated, terms used in this Statement of Additional Information shall have the same meaning as in the prospectus. TABLE OF CONTENTS Page General Information and History...............................................2 Separate Account B............................................................2 Offering and Purchase of Contracts............................................3 Performance Data..............................................................4 General...................................................................4 Average Annual Total Return Quotations....................................5 Income Phase Payments.........................................................6 Sales Material and Advertising................................................8 Independent Auditors..........................................................8 Financial Statements of the Separate Account................................S-1 Financial Statements of Golden American Life Insurance Company .............F-1 GENERAL INFORMATION AND HISTORY Golden American Life Insurance Company (Golden American) is a stock life insurance company originally incorporated under the laws of the State of Minnesota on January 2, 1973 and later redomiciled in Delaware. On August 13, 1996, Equitable of Iowa Companies, Inc. (formerly Equitable of Iowa Companies) acquired all of the interest in Golden American and Directed Services, Inc. On October 24, 1997, Equitable of Iowa Companies, Inc. (Equitable of Iowa) and ING Groep, N.V. (ING) completed a merger agreement and Equitable of Iowa became a wholly-owned subsidiary of ING. ING, headquartered in The Netherlands, is a global financial services holding company with approximately $605 billion in assets as of December 31, 2000. On December 31, 2001, Equitable of Iowa contributed all of the outstanding stock of Golden American to Equitable Life Insurance Company of Iowa, a wholly owned subsidiary of Equitable of Iowa. As of September 30, 2001, Golden American had approximately $ 760.7 million in stockholder's equity and approximately $12.0 billion in total assets, including approximately $9.8 billion of separate account assets. Golden American is authorized to do business in all jurisdictions except New York. Golden American offers variable insurance products. Golden American formed a subsidiary, First Golden American Life Insurance Company of New York (First Golden), organized under the laws of the State of New York in 1996, which is licensed to do variable annuity business in the States of New York and Delaware. Effective January 1, 1997, Equitable Life Insurance Company of Iowa (Equitable Life) and Golden American became parties to a service agreement pursuant to which Equitable Life agreed to provide certain accounting, actuarial, tax, underwriting, sales, management and other services to Golden American. Expenses incurred by Equitable Life in relation to this service agreement were reimbursed by Golden American on an allocated cost basis. No charges were billed to Golden American by Equitable Life pursuant to the service agreement in 1997. Equitable Life billed Golden American $930,000 and $1,109,000 pursuant to the service agreement in 2000 and 1999, respectively. Other than the mortality and expense risk charge and administrative expense charge described in the prospectus, all expenses incurred in the operations of the separate account are borne by Golden American. See "Fees" in the prospectus. Golden American receives reimbursement for certain administrative costs from some advisers of the funds used as funding options under the contract. These fees generally range up to 0.425%. The assets of the separate account are held by Golden American. Golden American acts as its own custodian for the separate account. From this point forward, the term "contract(s)" refers only to those offered through the prospectus. SEPARATE ACCOUNT B Separate Account B (the "separate account") is a separate account established by Golden American for the purpose of funding its variable annuity contracts. The separate account is registered with the Securities and Exchange Commission (SEC) as a unit investment trust under the Investment Company Act of 1940, as amended. Purchase payments to accounts under the contract may be allocated to one or more of the subaccounts. Each subaccount invests in the shares of only one of the funds listed below. Golden American may make additions to, deletions from or substitutions of available investment options as permitted by law and subject to the conditions of the contract. The availability of the funds is subject to applicable regulatory authorization. Not all funds are available in all jurisdictions or under all contracts. 2 The funds currently available under the contract are as follows: Aetna Index Plus Large Cap VP INVESCO VIF - Financial Services Fund Aetna Index Plus Mid Cap VP INVESCO VIF - Health Sciences Fund Aetna Index Plus Small Cap VP INVESCO VIF - Utilities Fund Aetna Value Opportunity VP Janus Aspen - Worldwide Growth Portfolio Alliance Variable Products (VP) Pilgrim Variable Insurance Trust (VIT) - Worldwide Growth Portfolio - AlianceBernstein Value Portfolio Pilgrim Variable Products (VP) - Convertible Portfolio Alliance Variable Products (VP) Pilgrim Variable Products (VP) - Growth and Income Portfolio - Growth and Income Portfolio Pilgrim Variable Products (VP) - MagnaCap Portfolio Alliance Variable Products (VP) Pilgrim Variable Products (VP) - LargeCap Growth Portfolio - Premier Growth Portfolio PIMCO Variable Insurance (VI) - High Yield Bond Portfolio Brinson Tactical Allocation Portfolio Pioneer Fund VCT Portfolio Fidelity Variable Insurance Products Pioneer Small Company VCT Portfolio Fund (VIP) - Equity-Income Portfolio Portfolio Partners, Inc. (PPI) - MFS Capital Opportunities Fidelity Variable Insurance Products Portfolio Fund (VIP) - Growth Portfolio Prudential Series - Prudential Jennison Portfolio Fidelity Variable Insurance Products Prudential Series - SP Jennison International Growth Portfolio Fund II (VIP II) -- Contrafund(R)Portfolio Putnam Variable Trust (VT) - Growth and Income Fund GCG Trust - Eagle Value Equity Series Putnam Variable Trust (VT) - International Growth and Income GCG Trust - Janus Growth and Income Series Fund GCG Trust - Liquid Asset Series Putnam Variable Trust (VT) - Voyager Fund II GCG Trust - MFS Research Series GCG Trust - MFS Total Return Series GCG Trust - PIMCO Core Bond Series
Complete descriptions of each of the funds, including their investment objectives, policies, risks and fees and expenses, are contained in the prospectuses and statements of additional information for each of the funds. OFFERING AND PURCHASE OF CONTRACTS The offering of contracts under the prospectus associated with this Statement of Additional Information is continuous. A description of the manner in which the contracts are purchased can be found in the prospectus under the sections entitled "Purchase and Rights" and "Your Account Value." Directed Services, Inc., an affiliate of Golden American, acts as the principal underwriter (as defined in the Securities Act of 1933 and the Investment Company Act of 1940, as amended) of the variable insurance products (the "variable insurance products") issued by Golden American. The variable insurance products were sold primarily through two broker-dealer institutions during the year ended December 31, 1998, through two broker-dealer institutions during the year ended December 31, 1999 and through two broker-dealer institutions during the year ended December 31, 2000. For the years ended 2000, 1999, and 1998 commissions paid by Golden American, including amounts paid by its subsidiary, First Golden American Life Insurance Company of New York, to Directed Services, Inc. aggregated $208,883,000, $181,536,000, and $117,470,000, respectively. All commissions received by the distributor were passed through to the broker-dealers who sold the contracts. Directed Services, Inc. is located at 1475 Dunwoody Drive, West Chester, Pennsylvania 19380-1478. Under a management services agreement, last amended in 1995, Golden American provides to Directed Services, Inc. certain of its personnel to perform management, administrative and clerical services and the use of certain facilities. Golden American charges Directed Services, Inc. for such expenses and all other general and administrative costs, first on the basis of direct charges when identifiable, and the remainder allocated based on the estimated amount of time spent by Golden American's employees on behalf of Directed Services, Inc. In the opinion of management, this method of cost allocation is reasonable. This fee, calculated as a percentage of average assets in the variable separate accounts, was $21,296,000, $10,136,000 and $4,771,000 for the years ended 2000, 1999 and 1998, respectively. 3 PERFORMANCE DATA GENERAL From time to time Golden American may advertise different types of historical performance for the subaccounts of the separate account available under the contract. Golden American may advertise the "standardized average annual total returns," calculated in a manner prescribed by the Securities and Exchange Commission (the "standardized return"), as well as "non-standardized returns," both of which are described below. The standardized and non-standardized total return figures are computed according to a formula in which a hypothetical initial purchase payment of $1,000 is applied to the various subaccounts under the contract, and then related to the ending redeemable values over one, five and ten year periods (or fractional periods thereof). The redeemable value is then divided by the initial investment and this quotient is taken to the Nth root (N represents the number of years in the period) and 1 is subtracted from the result which is then expressed as a percentage, carried to at least the nearest hundredth of a percent. The standardized figures use the actual returns of the fund since the date contributions were first received in the fund under the separate account, adjusted to reflect the deduction of the maximum recurring charges under the contract during each period (i.e., Option Package III: 1.25% mortality and expense risk charge, $30 annual maintenance fee, 0.15% administrative charge, and early withdrawal charge of 7% of purchase payments grading down to 0% after 7 years). These charges will be deducted on a pro rata basis in the case of fractional periods. The maintenance fee is converted to a percentage of assets based on the average account size under the contract described in the prospectus. The total return figures shown below will be lower than the standardized figures for Option Packages I and II because of the lower mortality and expense risk charge under those Option Packages (0.80% and 1.10% respectively). Golden American may also advertise standardized returns and non-standardized returns using the fees and charges applicable to Option Packages I and II. The non-standardized figures will be calculated in a similar manner, except that they will not reflect the deduction of any applicable early withdrawal charge, and in some advertisements will also exclude the effect of the annual maintenance fee. The deduction of the early withdrawal charge and the annual maintenance fee would decrease the level of performance shown if reflected in these calculations. The non-standardized figures may also include monthly, quarterly, year-to-date and three-year periods, and may include returns calculated from the fund's inception date and/or the date contributions were first received in the fund under the separate account. The non-standardized returns shown in the tables below reflect the deduction of the maximum recurring charges under the contract except the early withdrawal charge (i.e., Option Package III: 1.25% mortality and expense risk charge, $30 annual maintenance fee, and 0.15% administrative charge). Golden American may also advertise returns based on lower charges that may apply to contracts under Option Packages I and II. Standardized and non-standardized calculations do not currently include the premium bonus or reflect the deduction of the corresponding premium bonus charge; but, to the extent permitted by applicable law, Golden American may include the premium bonus and corresponding charge in the standardized and non-standardized average annual total returns in the future. Investment results of the funds will fluctuate over time, and any presentation of the subaccounts' total return quotations for any prior period should not be considered as a representation of how the subaccounts will perform in any future period. Additionally, the account value upon redemption may be more or less than your original cost. 4 AVERAGE ANNUAL TOTAL RETURN QUOTATIONS - STANDARDIZED AND NON-STANDARDIZED The tables below reflect the average annual standardized and non-standardized total return quotation figures for the periods ended September 30, 2001for the subaccounts under the contract. The standardized returns assume the maximum charges under the contract (i.e., Option Package III) as described under "General" above. The non-standardized returns assume the same charges but do not include the early withdrawal charges. Golden American may also advertise returns based on lower charges that may apply to particular contracts under Option Packages I and II. For the subaccounts funded by the Portfolio Partners, Inc. (PPI) portfolios, two sets of performance returns are shown for each subaccount: one showing performance based solely on the performance of the PPI portfolio from November 28, 1997 the date the portfolio commenced operations; and one quotation based on (a) performance through November 26, 1997 of the fund it replaced under many contracts and (b) after November 26, 1997 based on the performance of the PPI portfolio. For those subaccounts where results are not available for the full calendar period indicated, performance for such partial periods is shown in the column labeled "Since Inception." For standardized performance, the "Since Inception" column shows the average annual total return since the date contributions were first received in the fund under the separate account. For non-standardized performance, the "Since Inception" column shows the average annual total return since the fund's inception date. Performance is shown in the following tables only for those subaccounts which currently exist within the separate account. All other subaccounts are new to the separate account and therefore no performance data is available. ----------------------------------------------------------------- DATE CONTRIBUTIONS STANDARDIZED FIRST RECEIVED UNDER THE SEPARATE ACCOUNT ----------------------------------------------------------------------------------------------------------------------------- SINCE SUBACCOUNT 1 Year 5 YEAR 10 YEAR INCEPTION* GCG Trust Eagle Value Equity Series (20.42%) 3.05% 7.33% 01/03/1995 GCG Trust Janus Growth and Income Series (24.00%) 10/02/2000 GCG Trust Liquid Asset Series (3.62%) 2.72% 3.05% 3.65% 01/25/1989 GCG Trust MFS Research Series (46.55%) 2.85% 8.75% 10/07/1994 GCG Trust MFS Total Return Series (8.11%) 8.02% 9.76% 10/07/1994 GCG Trust PIMCO Core Bond Series (1.10%) (0.57%) 2.18% 10/07/1994 Pilgrim VIT Worldwide Growth Portfolio (38.62%) (33.23%) 05/01/2000 PIMCO VI High Yield Bond Portfolio (12.46%) (2.82%) 05/01/1998 Prudential Jennison Portfolio (Class II) (50.11%) (41.39%) 05/01/2000 Prudential SP Jennison International Growth Portfolio (56.81%) 10/02/2000 (Class II)
Please refer to the discussion preceding the tables for an explanation of the charges included and methodology used in calculating the standardized and non-standardized figures. These figures represent historical performance and should not be considered a projection of future performance. o Reflects performance from the date contributions were first received in the fund under the separate account. 5 ----------------------------------------------------------------- FUND NON-STANDARDIZED INCEPTION DATE SINCE SUBACCOUNT 1 Year 5 YEARS 10 YEARS INCEPTION** GCG Trust Eagle Value Equity Series (13.40%) 3.94% 9.15% 01/03/1995 GCG Trust Janus Growth and Income Series (15.82%) 10/02/2000 GCG Trust Liquid Asset Series 3.41% 3.62% 4.53% 5.14% 01/25/1989 GCG Trust MFS Research Series (39.52%) 3.75% 10.56% 10/07/1994 GCG Trust MFS Total Return Series (1.09%) 8.76% 11.58% 10/07/1994 GCG Trust PIMCO Core Bond Series (7.45%) 1.89% 4.03% 10/07/1994 Pilgrim VIT Worldwide Growth Portfolio (31.59%) (26.34%) 05/01/2000 PIMCO VI High Yield Bond Portfolio (4.37%) 0.44% 05/01/1998 Prudential Jennison Portfolio (Class II) (43.09%) (34.29%) 05/01/2000 Prudential SP Jennison International Growth Portfolio (49.10%) 10/02/2000 (Class II) -----------------------------------------------------------------------------------------------------------------------------
Please refer to the discussion preceding the tables for an explanation of the charges included and methodology used in calculating the standardized and non-standardized figures. These figures represent historical performance and should not be considered a projection of future performance. ** Reflects performance from the fund's inception date. INCOME PHASE PAYMENTS When you begin receiving payments under the contract during the income phase (see "The Income Phase" in the prospectus), the value of your account is determined using accumulation unit values as of the tenth valuation before the first income phase payment is due. Such value (less any applicable premium tax charge) is applied to provide income phase payments to you in accordance with the income phase payment option and investment options elected. The annuity option tables found in the contract show, for each option, the amount of the first income phase payment for each $1,000 of value applied. Thereafter, variable income phase payments fluctuate as the annuity unit value(s) fluctuates with the investment experience of the selected investment option(s). The first income phase payment and subsequent income phase payments also vary depending upon the assumed net investment rate selected (3.5% or 5% per annum). Selection of a 5% rate causes a higher first income phase payment, but income phase payments will increase thereafter only to the extent that the investment performance of the subaccounts you selected is greater than 5% annually, after deduction of fees. Income phase payments would decline if the performance was less than 5%. Use of the 3.5% assumed rate causes a lower first income phase payment, but subsequent income phase payments would increase more rapidly or decline more slowly as changes occur in the performance of the subaccounts selected. 6 When the income phase begins, the annuitant is credited with a fixed number of annuity units (which does not change thereafter) in each of the designated investment options. This number is calculated by dividing (a) by (b), where (a) is the amount of the first income phase payment based on a particular investment option, and (b) is the then current annuity unit value for that investment option. As noted, annuity unit values fluctuate from one valuation to the next (see "Your Account Value" in the prospectus); such fluctuations reflect changes in the net investment factor for the appropriate subaccount(s) (with a ten valuation lag which gives Golden American time to process income phase payments) and a mathematical adjustment which offsets the assumed net investment rate of 3.5% or 5% per annum. The operation of all these factors can be illustrated by the following hypothetical example. These procedures will be performed separately for the investment options selected during the income phase. EXAMPLE: Assume that, at the date income phase payments are to begin, there are 3,000 accumulation units credited under a particular contract and that the value of an accumulation unit for the tenth valuation prior to retirement was $13.650000. This produces a total value of $40,950. Assume also that no premium tax charge is payable and that the annuity table in the contract provides, for the income phase payment option elected, a first monthly variable income phase payment of $6.68 per $1000 of value applied; the annuitant's first monthly income phase payment would thus be $40.950 multiplied by $6.68, or $273.55. Assume then that the value of an annuity unit upon the valuation on which the first income phase payment was due was $13.400000. When this value is divided into the first monthly income phase payment, the number of annuity units is determined to be 20.414. The value of this number of annuity units will be paid in each subsequent month. If the net investment factor with respect to the appropriate subaccount is 1.0015000 as of the tenth valuation preceding the due date of the second monthly income phase payment, multiplying this factor by .9999058* (to take into account the assumed net investment rate of 3.5% per annum built into the number of annuity units determined above) produces a result of 1.0014057. This is then multiplied by the annuity unit value for the prior valuation (assume such value to be $13.504376) to produce an annuity unit value of $13.523359 for the valuation occurring when the second income phase payment is due. The second monthly income phase payment is then determined by multiplying the number of annuity units by the current annuity unit value, or 20.414 times $13.523359, which produces an income phase payment of $276.07. *If an assumed net investment rate of 5% is elected, the appropriate factor to take into account such assumed rate would be .9998663. 7 SALES MATERIAL AND ADVERTISING Performance information for a subaccount may be compared, in reports and promotional literature, to: (i) the Standard & Poor's 500 Stock Index (S&P 500), Dow Jones Industrial Average (DJIA), Donoghue Money Market Institutional Averages or other indices that measure performance of a pertinent group of securities so that investors may compare a subaccount's results with those of a group of securities widely regarded by investors as representative of the securities markets in general; (ii) other groups of variable annuity separate accounts or other investment products tracked by Lipper Analytical Services, a widely used independent research firm which ranks mutual funds and other investment companies by overall performance, investment objectives, and assets, or tracked by other services, companies, publications, or persons who rank such investment companies on overall performance or other criteria; and (iii) the Consumer Price Index (measure for inflation) to assess the real rate of return from an investment in the contract. Unmanaged indices may assume the reinvestment of dividends but generally do not reflect deductions for administrative and management costs and expenses. Performance information for any subaccount reflects only the performance of a hypothetical contract under which contract value is allocated to a subaccount during a particular time period on which the calculations are based. Performance information should be considered in light of the investment objectives and policies, characteristics and quality of the investment portfolio of the Trust in which the Separate Account B subaccounts invest and the market conditions during the given time period, and should not be considered as a representation of what may be achieved in the future. Reports and promotional literature may also contain other information including the ranking of any subaccount derived from rankings of variable annuity separate accounts or other investment products tracked by Lipper Analytical Services or by other rating services, companies, publications or other persons who rank separate accounts or other investment products on overall performance or other criteria. From time to time, the rating of Golden American as an insurance company by A.M. Best may be referred to in advertisements or in reports to contract owners. Each year the A.M. Best Company reviews the financial status of thousands of insurers, culminating in the assignment of Best's Ratings. These ratings reflect their current opinion of the relative financial strength and operating performance of an insurance company in comparison to the norms of the life/health insurance industry. Best's ratings range from A+ + to F. An A++ and A+ ratings mean, in the opinion of A.M. Best, that the insurer has demonstrated the strongest ability to meet its respective policyholder and other contractual obligations. INDEPENDENT AUDITORS Ernst & Young LLP, 600 Peachtree Street, Suite 2800, Atlanta, GA 30308-2215, are the independent auditors for Separate Account B and for Golden American Life Insurance Company. 8 FINANCIAL STATEMENTS - UNAUDITED Golden American Life Insurance Company Separate Account B AS OF SEPTEMBER 30, 2001 GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B FINANCIAL STATEMENTS - UNAUDITED YEAR ENDED SEPTEMBER 30, 2001 CONTENTS Statements of Assets and Liabilities.........................................S-1 Statements of Operations....................................................S-15 Statements of Changes in Net Assets.........................................S-27 Notes to Financial Statements...............................................S-41
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) LIMITED LIQUID ASSET MATURITY BOND LARGE CAP HARD ASSETS ALL CAP REAL ESTATE SERIES SERIES VALUE SERIES SERIES SERIES SERIES -------------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $1,175,660 $372,151 $182,170 $34,833 $217,079 $119,605 -------------------------------------------------------------------------------------------------- Total assets............. 1,175,660 372,151 182,170 34,833 217,079 119,605 -------------------------------------------------------------------------------------------------- NET ASSETS...................... $1,175,660 $372,151 $182,170 $34,833 $217,079 $119,605 ================================================================================================== NET ASSETS: Accumulation units....... $1,175,597 $371,924 $182,170 $34,788 $217,079 $119,494 Contracts in payout (annuitization) period.. 58 227 - 45 - 111 Retained in Separate Account B by Golden American Life Insurance Company....... 5 - - - - - -------------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $1,175,660 $372,151 $182,170 $34,833 $217,079 $119,605 ================================================================================================== Total number of shares........... 1,175,660 32,559,181 20,890,988 3,777,995 20,733,404 7,555,606 ================================================================================================== Cost............................ $1,175,660 $357,016 $218,155 $41,355 $245,127 $116,361 ================================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES.
S-1
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) FULLY EQUITY CAPITAL RISHING MANAGED INCOME APPRECIATION DIVIDENDS VALUE EQUITY STRATEGIC SERIES SERIES SERIES SERIES SERIES EQUITY SERIES ------------------------------------------------------------------------------------------------ ASSETS Investments in mutual funds at market value... $538,636 $336,484 $385,316 $661,330 $164,587 $201,208 ------------------------------------------------------------------------------------------------ Total assets............. 538,636 336,484 385,316 661,330 164,587 201,208 ------------------------------------------------------------------------------------------------ NET ASSETS...................... $538,636 $336,484 $385,316 $661,330 $164,587 $201,208 ================================================================================================ NET ASSETS: Accumulation units....... $537,813 $335,584 $384,778 $661,123 $164,562 $200,895 Contracts in payout (annuitization) period.. 793 895 534 203 21 313 Retained in Separate Account B by Golden American Life Insurance Company....... 30 5 4 4 4 - ------------------------------------------------------------------------------------------------ TOTAL NET ASSETS................. $538,636 $336,484 $385,316 $661,330 $164,587 $201,208 ================================================================================================ Total number of shares........... 31,045,323 30,673,191 29,892,605 35,365,172 11,607,998 19,280,750 ================================================================================================ Cost............................ $522,365 $365,588 $549,136 $795,146 $187,862 $343,513 ================================================================================================ (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-2
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) MID-CAP CAPITAL SMALL CAP MANAGED GROWTH GROWTH RESEARCH TOTAL RETURN SERIES GLOBAL SERIES SERIES SERIES SERIES SERIES ------------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $351,882 $211,482 $712,516 $307,314 $557,376 $701,319 ------------------------------------------------------------------------------------------------- Total assets............. 351,882 211,482 712,516 307,314 557,376 701,319 ------------------------------------------------------------------------------------------------- NET ASSETS...................... $351,882 $211,482 $712,516 $307,314 $557,376 $701,319 ================================================================================================= NET ASSETS: Accumulation units....... $351,802 $211,329 $712,372 $307,314 $557,376 $701,310 Contracts in payout (annuitization) period.. 76 148 140 - - - Retained in Separate Account B by Golden American Life Insurance Company....... 4 5 4 - - 9 ------------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $351,882 $211,482 $712,516 $307,314 $557,376 $701,319 ================================================================================================= Total number of shares........... 42,242,723 23,112,681 62,391,877 29,836,259 38,020,209 43,479 ================================================================================================= Cost............................ $436,408 $245,619 $1,074,959 $483,113 $819,278 $713,155 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-3
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) ASSET DIVERSIFIED GROWTH CORE BOND DEVELOPING ALLOCATION MID-CAP INVESTORS SERIES SERIES WORLD SERIES GROWTH SERIES SERIES SERIES ----------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $888,516 $85,251 $57,548 $31,758 $35,195 $64,530 ----------------------------------------------------------------------------------------------- Total assets............. 888,516 85,251 57,548 31,758 35,195 64,530 ----------------------------------------------------------------------------------------------- NET ASSETS...................... $888,516 $85,251 $57,548 $31,758 $35,195 $64,530 =============================================================================================== NET ASSETS: Accumulation units....... $888,512 $85,247 $57,452 $31,754 $35,195 $64,530 Contracts in payout (annuitization) period.. - - 96 - - - Retained in Separate Account B by Golden American Life Insurance Company....... 4 4 - 4 - - ----------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $888,516 $85,251 $57,548 $31,758 $35,195 $64,530 =============================================================================================== Total number of shares........... 70,854,533 8,641,903 10,113,894 3,863,544 4,517,877 6,735,896 =============================================================================================== Cost............................ $1,474,414 $83,268 $67,102 $34,621 $42,159 $74,678 =============================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-4
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SPECIAL INTERNET WORLDWIDE GROWTH GROWTH AND SITUATIONS TOLLKEEPER GROWTH OPPORTUNITIES MAGNACAP INCOME SERIES SERIES SERIES FUND PORTFOLIO (a) PORTFOLIO (a) ------------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $64,334 $17,797 $2,037 $13,455 $2,069 $2,849 ------------------------------------------------------------------------------------------------- Total assets............. 64,334 17,797 2,037 13,455 2,069 2,849 ------------------------------------------------------------------------------------------------- NET ASSETS...................... $64,334 $17,797 $2,037 $13,455 $2,069 $2,849 ================================================================================================= NET ASSETS: Accumulation units....... $64,334 $17,797 $2,037 $13,455 $2,069 $2,849 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - ------------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $64,334 $17,797 $2,037 $13,455 $2,069 $2,849 ================================================================================================= Total number of shares........... 7,641,106 2,411,489 327,567 2,082,787 436,470 344,075 ================================================================================================= Cost............................ $72,875 $21,691 $2,810 $16,424 $2,573 $3,122 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-5
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SMALL CAP CONVERTIBLE GROWTH AND LARGE CAP PIMCO HIGH PIMCO STOCKSPLUS OPPORTUNITES CLASS INCOME GROWTH YIELD BOND GROWTH AND INCOME PORTFOLIO (a) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO PORTFOLIO --------------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $5,399 $49 $101 $169 $210,497 $204,143 --------------------------------------------------------------------------------------------------- Total assets............. 5,399 49 101 169 210,497 204,143 --------------------------------------------------------------------------------------------------- NET ASSETS...................... $5,399 $49 $101 $169 $210,497 $204,143 =================================================================================================== NET ASSETS: Accumulation units....... $5,399 $49 $101 $169 $210,497 $204,143 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - --------------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $5,399 $49 $101 $169 $210,497 $204,143 =================================================================================================== Total number of shares........... 335,774 4,991 10,726 19,470 27,444,252 23,813,075 =================================================================================================== Cost............................ $6,727 $49 $106 $187 $230,338 $300,808 =================================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-6
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SP JENNISON SMITH BARNEY SMITH BARNEY PRUDENTIAL INTERNATIONAL SMITH BARNEY LARGE CAP INTERNATIONAL JENNISON GROWTH APPRECIATION HIGH INCOME VALUE EQUITY PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO --------------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $17,409 $8,349 $696 $355 $534 $267 --------------------------------------------------------------------------------------------------- Total assets............. 17,409 8,349 696 355 534 267 --------------------------------------------------------------------------------------------------- NET ASSETS...................... $17,409 $8,349 $696 $355 $534 $267 =================================================================================================== NET ASSETS: Accumulation units....... $17,409 $8,349 $696 $355 $534 $267 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - --------------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $17,409 $8,349 $696 $355 $534 $267 =================================================================================================== Total number of shares........... 1,103,942 1,662,813 35,256 43,771 30,477 25,146 =================================================================================================== Cost............................ $20,690 $9,306 $747 $530 $626 $397 =================================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-7
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SMITH BARNEY MONEY INTERNATIONAL ASSET GROWTH & HIGH QUALITY MARKET EQUITY ALLOCATION EQUITY INCOME BOND PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO --------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $225 $150,506 $1,215 $763 $209 $148 --------------------------------------------------------------------------------------------- Total assets............. 225 150,506 1,215 763 209 148 --------------------------------------------------------------------------------------------- NET ASSETS...................... $225 $150,506 $1,215 $763 $209 $148 ============================================================================================= NET ASSETS: Accumulation units....... $225 $150,506 $1,215 $763 $209 $148 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - --------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $225 $150,506 $1,215 $763 $209 $148 ============================================================================================= Total number of shares........... 224,935 19,648,966 86,257 53,819 21,706 13,874 ============================================================================================= Cost............................ $225 $163,374 $1,492 $1,172 $242 $142 ============================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-8
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SMALL COMPANY ALLIANCEBERNSTEIN GROWTH AND PREMIER VALUE GROWTH VALUE PORTFOLIO INCOME GROWTH GET FUND OPPORTUNITY PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) SERIES N (b) PORTFOLIO (b) ------------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $67 $250 $473 $350 $32,590 $125 ------------------------------------------------------------------------------------------------- Total assets............. 67 250 473 350 32,590 125 ------------------------------------------------------------------------------------------------- NET ASSETS...................... $67 $250 $473 $350 $32,590 $125 ================================================================================================= NET ASSETS: Accumulation units....... $67 $250 $473 $350 $32,590 $125 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - ------------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $67 $250 $473 $350 $32,590 $125 ================================================================================================= Total number of shares........... 7,062 26,823 23,707 16,034 3,227,195 10,095 ================================================================================================= Cost............................ $93 $263 $506 $365 $32,514 $138 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-9
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) INDEX PLUS INDEX PLUS INDEX PLUS TACTICAL EQUITY- LARGE CAP MID CAP SMALL CAP ALLOCATION INCOME GROWTH PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) ----------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $254 $288 $163 $192 $600 $267 ----------------------------------------------------------------------------------------------- Total assets............. 254 288 163 192 600 267 ----------------------------------------------------------------------------------------------- NET ASSETS...................... $254 $288 $163 $192 $600 $267 =============================================================================================== NET ASSETS: Accumulation units....... $254 $288 $163 $192 $600 $267 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - ----------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $254 $288 $163 $192 $600 $267 =============================================================================================== Total number of shares........... 19,786 24,304 16,527 16,645 29,032 9,343 =============================================================================================== Cost............................ $261 $315 $172 $194 $637 $291 =============================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-10
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) PPI MFS FINANCIAL HEALTH WORLDWIDE CAPITAL CONTRAFUND SERVICES SCIENCES UTILITIES GROWTH OPPORTUNITIES PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) -------------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $583 $160 $363 $68 $397 $173 -------------------------------------------------------------------------------------------------- Total assets............. 583 160 363 68 397 173 -------------------------------------------------------------------------------------------------- NET ASSETS...................... $583 $160 $363 $68 $397 $173 ================================================================================================== NET ASSETS: Accumulation units....... $583 $160 $363 $68 $397 $173 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - -------------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $583 $160 $363 $68 $397 $173 ================================================================================================== Total number of shares........... 31,165 13,783 21,076 4,917 15,753 7,581 ================================================================================================== Cost............................ $570 $166 $368 $71 $417 $199 ================================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-11
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SMALL PIONEER COMPANY GROWTH AND FUND VCT VCT SMALL- INCOME PORTFOLIO (b) PORTFOLIO (b) BULL (a) CAP (a) EUROPE 30 (a) FUND (b) ---------------------------------------------------------------------------------------------- ASSETS Investments in mutual funds at market value... $99 $383 $4,901 $4,865 $6,297 $143 ---------------------------------------------------------------------------------------------- Total assets............. 99 383 4,901 4,865 6,297 143 ---------------------------------------------------------------------------------------------- NET ASSETS...................... $99 $383 $4,901 $4,865 $6,297 $143 ============================================================================================== NET ASSETS: Accumulation units....... $99 $383 $4,901 $4,865 $6,297 $143 Contracts in payout (annuitization) period.. - - - - - - Retained in Separate Account B by Golden American Life Insurance Company....... - - - - - - ---------------------------------------------------------------------------------------------- TOTAL NET ASSETS................. $99 $383 $4,901 $4,865 $6,297 $143 ============================================================================================== Total number of shares........... 5,672 40,614 199,719 201,705 295,817 6,495 ============================================================================================== Cost............................ $106 $430 $5,509 $5,403 $6,225 $147 ============================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-12
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF ASSETS AND LIABILTIES - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) INTERNATIONAL GROWTH AND INCOME VOYAGER FUND (B) FUND (B) -------------------------------------- ASSETS Investments in mutual funds at market value... $195 $147 -------------------------------------- Total assets............. 195 147 -------------------------------------- NET ASSETS...................... $195 $147 ====================================== NET ASSETS: Accumulation units....... $195 $147 Contracts in payout (annuitization) period.. - - Retained in Separate Account B by Golden American Life Insurance Company....... - - -------------------------------------- TOTAL NET ASSETS................. $195 $147 ====================================== Total number of shares........... 21,578 36,308 ====================================== Cost............................ $205 $151 ====================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-13 (This page intentionally left blank.) S-14
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) LIQUID LIMITED HARD REAL ASSET MATURITY LARGE CAP ASSETS ALL CAP ESTATE SERIES BOND SERIES VALUE SERIES SERIES SERIES SERIES -------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $25,995 $- $- $- $- $- -------------------------------------------------------------------------------------- Total investment income........... 25,995 - - - - - Expenses: Mortality and expense risk and other charges............ 9,725 2,867 1,834 453 2,168 1,085 Annual administrative charges. 252 54 26 11 38 29 Minimum death benefit guarantee charges............ 4 - - 1 - - Contingent deferred sales charges...................... 12,870 276 94 34 176 76 Other contract charges........ 211 50 100 3 101 20 Amort of deferred charges related to: Deferred sales load.... 95 21 - 4 1 8 Premium taxes.......... 31 1 1 - - - -------------------------------------------------------------------------------------- Total expenses.................... 23,188 3,269 2,055 506 2,484 1,218 -------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... 2,807 (3,269) (2,055) (506) (2,484) (1,218) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... - 1,695 (342) (268) (526) 3,975 Capital gains distribution.... - - - - - - -------------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... - 1,695 (342) (268) (526) 3,975 Net unrealized appreciation (depreciation) of investments.................. - 19,352 (35,286) (6,882) (26,704) (1,652) -------------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $2,807 $17,778 $(37,683) $(7,656) $(29,714) $1,105 ====================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-15
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) FULLY EQUITY CAPITAL RISING EMERGING MARKET MANAGED INCOME APPRECIATION DIVIDENDS MARKETS MANAGER SERIES SERIES SERIES SERIES SERIES SERIES --------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $- $59 $19 --------------------------------------------------------------------------------- Total investment income........... - - - - 59 19 Expenses: Mortality and expense risk and other charges............ 4,991 3,526 5,260 8,901 93 545 Annual administrative charges. 116 96 137 227 4 - Minimum death benefit guarantee charges............ 1 3 - - - - Contingent deferred sales charges...................... 482 398 505 886 5 - Other contract charges........ 78 53 104 107 1 - Amort of deferred charges related to: Deferred sales load.... 45 55 40 79 3 19 Premium taxes.......... 1 1 2 2 - - --------------------------------------------------------------------------------- Total expenses.................... 5,714 4,132 6,048 10,202 106 564 --------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (5,714) (4,132) (6,048) (10,202) (47) (545) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... 10,113 (6,411) (7,053) 17,532 (1,106) 60 Capital gains distribution.... - - - - - 3,369 --------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... 10,113 (6,411) (7,053) 17,532 (1,106) 3,429 Net unrealized appreciation (depreciation) of investments.................. (1,233) (17,180) (98,390) (193,893) 898 (3,695) --------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $3,166 $(27,723) $(111,491) $(186,563) $(255) $(811) ================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-16
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) VALUE STRATEGIC MANAGED MID-CAP CAPITAL EQUITY EQUITY SMALL CAP GLOBAL GROWTH GROWTH SERIES SERIES SERIES SERIES SERIES SERIES ------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $- $- $- ------------------------------------------------------------------------------- Total investment income........... - - - - - - Expenses: Mortality and expense risk and other charges............ 2,208 3,508 5,147 2,708 12,428 5,051 Annual administrative charges. 54 95 138 58 322 137 Minimum death benefit guarantee charges............ - - - - 1 - Contingent deferred sales charges...................... 194 369 446 173 1,189 633 Other contract charges........ 28 104 106 96 268 64 Amort of deferred charges related to: Deferred sales load.... 21 7 12 35 46 8 Premium taxes.......... - - 1 1 ------------------------------------------------------------------------------- Total expenses.................... 2,505 4,083 5,849 3,071 14,255 5,893 ------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (2,505) (4,083) (5,849) (3,071) (14,255) (5,893) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (1,962) (76,668) (279,948) (88,352) (565,361) (15,219) Capital gains distribution.... - - - - - - ------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... (1,962) (76,668) (279,948) (88,352) (565,361) (15,219) Net unrealized appreciation (depreciation) of investments.................. (30,964) (52,348) 176,997 30,761 92,959 (126,795) ------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(35,431) $(133,099) $ (108,800) $(60,662) $(486,657) $(147,907) =============================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-17
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) TOTAL DEVELOPING ASSET RESEARCH RETURN GROWTH CORE BOND WORLD ALLOCATION SERIES SERIES SERIES SERIES SERIES GROWTH SERIES ---------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $- $- $- ---------------------------------------------------------------------------------------- Total investment income........... - - - - - - Expenses: Mortality and expense risk and other charges............ 8,334 7,811 14,556 567 856 205 Annual administrative charges. 210 173 434 9 24 1 Minimum death benefit guarantee charges............ - - 1 - - - Contingent deferred sales charges...................... 786 876 1,696 38 60 10 Other contract charges........ 151 121 284 16 20 14 Amort of deferred charges related to: Deferred sales load.... 18 16 20 - 5 - Premium taxes.......... 2 2 2 ---------------------------------------------------------------------------------------- Total expenses.................... 9,501 8,999 16,993 630 965 230 ---------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (9,501) (8,999) (16,993) (630) (965) (230) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (10,175) 1,015 (429,442) (1,232) (12,389) (13) Capital gains distribution.... - - - - - - ---------------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... (10,175) 1,015 (429,442) (1,232) (12,389) (13) Net unrealized appreciation (depreciation) of investments.................. (233,511) (39,324) (116,092) 3,879 (7,234) (2,847) ---------------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(253,187) $(47,308) $(562,527) $2,017 $(20,588) $(3,090) ======================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-18
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) DIVERSIFIED GROWTH AND SPECIAL INTERNET WORLDWIDE MID-CAP INVESTORS INCOME SITUATIONS TOLLKEEPER GROWTH SERIES SERIES SERIES SERIES SERIES FUND ------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $- $- $- ------------------------------------------------------------------------------- Total investment income........... - - - - - - Expenses: Mortality and expense risk and other charges............ 283 585 490 178 9 122 Annual administrative charges. 2 8 2 2 - 2 Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... 9 46 14 9 - 9 Other contract charges........ 20 28 29 10 - 8 Amort of deferred charges related to: Deferred sales load.... - - - - - - Premium taxes.......... 1 - - ------------------------------------------------------------------------------- Total expenses.................... 314 667 536 199 9 141 ------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (314) (667) (536) (199) (9) (141) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (150) (359) (116) (257) (33) (845) Capital gains distribution.... - - - - - - ------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... (150) (359) (116) (257) (33) (845) Net unrealized appreciation (depreciation) of investments.................. (7,094) (9,913) (8,466) (3,540) (773) (2,754) ------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(7,558) $(10,939) $(9,118) $(3,996) $(815) $(3,740) =============================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-19
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) GROWTH SMALL CAP CONVERTIBLE GROWTH AND LARGE CAP OPPORTUNITIES MAGNACAP OPPORTUNITES CLASS INCOME GROWTH PORTFOLIO (a) PORTFOLIO (a) PORTFOLIO (a) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) ------------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $1 $- $- $- $- ------------------------------------------------------------------------------------------- Total investment income........... - 1 - - - - Expenses: Mortality and expense risk and other charges............ 8 10 25 - - - Annual administrative charges. - - - - - - Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... - - 3 - - - Other contract charges........ - - 2 - - - Amort of deferred charges related to: Deferred sales load.... - - - - - - Premium taxes.......... - - - - - - ------------------------------------------------------------------------------------------- Total expenses.................... 8 10 30 - - - ------------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (8) (9) (30) - - - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (79) (6) (581) - - - Capital gains distribution.... - - - - - - ------------------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... (79) (6) (581) - - - Net unrealized appreciation (depreciation) of investments.................. (504) (273) (1,328) - (5) (18) ------------------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(591) $(288) $(1,939) $- $(5) $(18) =========================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-20
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) PIMCO STOCKSPLUS SP JENNISON SMITH PIMCO HIGH GROWTH AND PRUDENTIAL INTERNATIONAL BARNEY HIGH YIELD BOND INCOME JENNISON GROWTH APPRECIATION HIGH INCOME PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO ---------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $12,232 $7,641 $- $19 $9 $50 ---------------------------------------------------------------------------------------- Total investment income........... 12,232 7,641 - 19 9 50 Expenses: Mortality and expense risk and other charges............ 2,448 2,884 194 84 9 4 Annual administrative charges. 48 67 2 1 - - Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... 286 341 37 11 - - Other contract charges........ 50 42 11 4 - - Amort of deferred charges related to: Deferred sales load.... 3 2 - - - - Premium taxes.......... - 1 - - - - ---------------------------------------------------------------------------------------- Total expenses.................... 2,835 3,337 244 100 9 4 ---------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... 9,397 4,304 (244) (81) - 46 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (9,991) (12,367) (5,735) (2,658) - (29) Capital gains distribution.... - - 189 - - - ---------------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... (9,991) (12,367) (5,546) (2,658) - (29) Net unrealized appreciation (depreciation) of investments.................. (8,254) (47,658) (1,090) (859) (113) (55) ---------------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(8,848) $(55,721) $(6,880) $(3,598) $ (113) $(38) ======================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-21
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SMITH BARNEY SMITH BARNEY SMITH BARNEY LARGE CAP INTERNATIONAL MONEY INTERNATIONAL ASSET VALUE EQUITY MARKET EQUITY ALLOCATION EQUITY PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO ----------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $9 $- $6 $- $23 $- ----------------------------------------------------------------------------------------- Total investment income........... 9 - 6 - 23 - Expenses: Mortality and expense risk and other charges............ 7 4 2 2,144 15 11 Annual administrative charges. - - - 48 - - Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... - - 16 227 4 5 Other contract charges........ - - - 32 - - Amort of deferred charges related to: Deferred sales load.... - - - - - - Premium taxes.......... - - - - - - ----------------------------------------------------------------------------------------- Total expenses.................... 7 4 18 2,451 19 16 ----------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... 2 (4) (12) (2,451) 4 (16) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (8) 1 - (63,460) (10) (27) Capital gains distribution.... 22 - - - - - ----------------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... 14 1 - (63,460) (10) (27) Net unrealized appreciation (depreciation) of investments.................. (112) (176) - 12,266 (208) (277) ----------------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(96) $(179) $(12) $(53,645) $(214) $(320) ========================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-22
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) GROWTH & HIGH QUALITY SMALL COMPANY GROWTH AND PREMIER INCOME BOND GROWTH ALLIANCEBERNSTEIN INCOME GROWTH PORTFOLIO PORTFOLIO PORTFOLIO VALUE PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) ------------------------------------------------------------------------------------------------ NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $5 $- $- $ - $- ------------------------------------------------------------------------------------------------ Total investment income........... - 5 - - - - Expenses: Mortality and expense risk and other charges............ 3 1 1 - - - Annual administrative charges. - - - - - - Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... - - - - - - Other contract charges........ - - - - - - Amort of deferred charges related to: Deferred sales load.... - - - - - - Premium taxes.......... - - - - - - ------------------------------------------------------------------------------------------------ Total expenses.................... 3 1 1 - - - ------------------------------------------------------------------------------------------------ NET INVESTMENT INCOME (LOSS)...... (3) 4 (1) - - - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (6) 1 (1) (3) (1) - Capital gains distribution.... - - - - - - ------------------------------------------------------------------------------------------------ Total realized gain (loss) on investments and capital gains distribution........... (6) 1 (1) (3) (1) - Net unrealized appreciation (depreciation) of investments.................. (39) 3 (15) (13) (33) (15) ------------------------------------------------------------------------------------------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(48) $8 $(17) $(16) $(34) $(15) ================================================================================================ (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-23
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) VALUE INDEX PLUS INDEX PLUS INDEX PLUS TACTICAL GET FUND OPPORTUNITY LARGE CAP MID CAP SMALL CAP ALLOCATION SERIES N (b) PORTFOLIO(b) PORTFOLIO(b) PORTFOLIO(b) PORTFOLIO(b) PORTFOLIO(b) ---------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $- $- $- ---------------------------------------------------------------------------------- Total investment income........... - - - - - - Expenses: Mortality and expense risk and other charges............ 14 - - - - - Annual administrative charges. - - - - - - Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... 1 - - - - - Other contract charges........ - - - - - - Amort of deferred charges related to: Deferred sales load.... - - - - - - Premium taxes.......... - - - - - - ---------------------------------------------------------------------------------- Total expenses.................... 15 - - - - - ---------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (15) - - - - - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (1) - - (4) (3) - Capital gains distribution.... - - - - - - ---------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... (1) - - (4) (3) - Net unrealized appreciation (depreciation) of investments.................. 76 (13) (7) (27) (9) (2) ---------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $60 $(13) $(7) $(31) $(12) $(2) ================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-24
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) EQUITY- FINANCIAL HEALTH INCOME GROWTH CONTRAFUND SERVICES SCIENCES UTILITIES PORTFOLIO(b) PORTFOLIO(b) PORTFOLIO(b) FUND (b) FUND (b) FUND (b) ---------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $- $- $- ---------------------------------------------------------------------------------- Total investment income........... - - - - - - Expenses: Mortality and expense risk and other charges............ 1 - - - - - Annual administrative charges. - - - - - - Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... - - - - - - Other contract charges........ - - - - - - Amort of deferred charges related to: Deferred sales load.... - - - - - - Premium taxes.......... - - - - - - ---------------------------------------------------------------------------------- Total expenses.................... 1 - - - - - ---------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (1) - - - - - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... - - (5) - - - Capital gains distribution.... - - - - - - ---------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... - - (5) - - - Net unrealized appreciation (depreciation) of investments.................. (37) (24) 13 (6) (5) (3) ---------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(38) $(24) $8 $(6) $(5) $ (3) ================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-24
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) PPI MFS PIONEER FUND SMALL WORLDWIDE CAPITAL VCT COMPANY GROWTH OPPORTUNITIES PORTFOLIO VCT SMALL-CAP PORTFOLIO (a) PORTFOLIO (b) (b) PORTFOLIO (b) BULL (a) (a) ------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $- $- $- ------------------------------------------------------------------------------------- Total investment income........... - - - - - - Expenses: Mortality and expense risk and other charges............ - - - 1 36 50 Annual administrative charges. - - - - - 1 Minimum death benefit guarantee charges............ - - - - - - Contingent deferred sales charges...................... - - - - - 2 Other contract charges........ - - - - 2 1 Amort of deferred charges related to: Deferred sales load.... - - - - - - Premium taxes.......... - - - - - - ------------------------------------------------------------------------------------- Total expenses.................... - - - 1 38 54 ------------------------------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... - - - (1) (38) (54) REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... - (2) - - (530) (1,434) Capital gains distribution.... - - - - - - ------------------------------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... - (2) - - (530) (1,434) Net unrealized appreciation (depreciation) of investments.................. (20) (26) (7) (47) (608) (538) ------------------------------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(20) $(28) $(7) $(48) $(1,176) $(2,026) ===================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-25
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF OPERATIONS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) INTERNATIONAL GROWTH AND GROWTH EUROPE 30 INCOME AND INCOME VOYAGER (a) FUND (b) FUND (b) FUND (b) ---------------------------------------------------------------- NET INVESTMENT INCOME (LOSS) Income: Dividends..................... $- $- $- $ - ---------------------------------------------------------------- Total investment income........... - - - - Expenses: Mortality and expense risk and other charges............ 56 - - - Annual administrative charges. - - - - Minimum death benefit guarantee charges............ - - - - Contingent deferred sales charges...................... 2 - - - Other contract charges........ - - - - Amort of deferred charges related to: Deferred sales load.... - - - - Premium taxes.......... - - - - ---------------------------------------------------------------- Total expenses.................... 58 - - - ---------------------------------------------------------------- NET INVESTMENT INCOME (LOSS)...... (58) - - - REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments............... (3,657) - (3) - Capital gains distribution.... - - - - ---------------------------------------------------------------- Total realized gain (loss) on investments and capital gains distribution........... (3,657) - (3) - Net unrealized appreciation (depreciation) of investments.................. 72 (4) (10) (4) ---------------------------------------------------------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS....................... $(3,643) $(4) $(13) $(4) ================================================================ (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-26
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) LIMITED LIQUID ASSET MATURITY BOND LARGE CAP HARD ASSETS ALL GROWTH ALL CAP SERIES SERIES VALUE SERIES SERIES SERIES SERIES ----------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $679,666 $200,958 $98,545 $41,509 $- $104,883 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... 2,807 (3,269) (2,055) (506) 1 (2,484) Net realized gain (loss) and capital distribution....... - 1,695 (342) (268) - (526) Net unrealized appreciation (depreciation)............. - 19,352 (35,286) (6,882) - (26,704) ----------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. 2,807 17,778 (37,683) (7,656) 1 (29,714) Changes from principal transactions: Purchase payments........... 434,260 67,516 85,035 5,587 41 84,601 Contract distributions and terminations............... (348,120) (10,739) (3,834) (1,403) 86 (6,196) Transfer payments from (to) Fixed Accounts and other Divisions.................. 407,046 96,638 40,107 (3,204) (128) 63,505 Additions to assets retained in the Account by Golden American Life Insurance Company.................... 1 - - - - - ----------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 493,187 153,415 121,308 980 (1) 141,910 ----------------------------------------------------------------------------------------------- Total increase (decrease)........ 495,994 171,193 83,625 (6,676) - 112,196 ----------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $1,175,660 $372,151 $182,170 $34,833 $- $217,079 =============================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-27
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) FULLY EQUITY CAPITAL RISING EMERGING REAL ESTATE MANAGED INCOME APPRECIATION DIVIDENDS MARKETS SERIES SERIES SERIES SERIES SERIES SERIES ------------------------------------------------------------------------------------------------ NET ASSETS AT JANUARY 1, 2001..... $100,303 $345,651 $291,793 $477,934 $860,338 $19,953 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... (1,218) (5,714) (4,132) (6,048) (10,202) (47) Net realized gain (loss) and capital distribution....... 3,975 10,113 (6,411) (7,053) 17,532 (1,106) Net unrealized appreciation (depreciation)............. (1,652) (1,233) (17,180) (98,390) (193,893) 898 ------------------------------------------------------------------------------------------------ Net increase (decrease) in net assets resulting from operations................. 1,105 3,166 (27,723) (111,491) (186,563) (255) Changes from principal transactions: Purchase payments........... 15,748 99,633 56,018 60,421 57,593 305 Contract distributions and terminations............... (3,201) (18,088) (14,461) (16,164) (28,517) (578) Transfer payments from (to) Fixed Accounts and other Divisions.................. 5,650 108,267 30,856 (25,385) (41,522) (19,424) Additions to assets retained in the Account by Golden American Life Insurance Company.................... - 7 1 1 1 - ------------------------------------------------------------------------------------------------ Increase (decrease) in net assets derived from principal transactions..... 18,197 189,819 72,414 18,873 (12,445) (19,697) ------------------------------------------------------------------------------------------------ Total increase (decrease)........ 19,302 192,985 44,691 (92,618) (199,008) (19,952) ------------------------------------------------------------------------------------------------ NET ASSETS AT SEPTEMBER 30, 2001.. $119,605 $538,636 $336,484 $385,316 $661,330 $1 ================================================================================================ (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-28
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) MARKET STRATEGIC MANAGED MID-CAP MANAGER VALUE EQUITY EQUITY SMALL CAP GLOBAL GROWTH SERIES SERIES SERIES SERIES SERIES SERIES ------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $6,619 $180,722 $359,734 $422,097 $228,347 $1,158,061 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... (545) (2,505) (4,083) (5,849) (3,071) (14,255) Net realized gain (loss) and capital distribution....... 3,429 (1,962) (76,668) (279,948) (88,352) (565,361) Net unrealized appreciation (depreciation)............. (3,695) (30,964) (52,348) 176,997 30,761 92,959 ------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (811) (35,431) (133,099) (108,800) (60,662) (486,657) Changes from principal transactions: Purchase payments........... (168) 23,665 33,494 55,463 44,946 149,874 Contract distributions and terminations............... (10) (6,652) (10,507) (13,866) (7,724) (35,423) Transfer payments from (to) Fixed Accounts and other Divisions.................. (5,630) 2,282 (48,414) (3,013) 6,574 (73,340) Additions to assets retained in the Account by Golden American Life Insurance Company.................... - 1 - 1 1 1 ------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... (5,808) 19,296 (25,427) 38,585 43,797 41,112 ------------------------------------------------------------------------------------------- Total increase (decrease)........ (6,619) (16,135) (158,526) (70,215) (16,865) (445,545) ------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $- $164,587 $201,208 $351,882 $211,482 $712,516 =========================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-29
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) CAPITAL GROWTH RESEARCH TOTAL RETURN GROWTH CORE BOND DEVELOPING SERIES SERIES SERIES SERIES SERIES WORLD SERIES ----------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $463,399 $800,528 $608,868 $1,474,980 $40,000 $54,398 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... (5,893) (9,501) (8,999) (16,993) (630) (965) Net realized gain (loss) and capital distribution....... (15,219) (10,175) 1,015 (429,442) (1,232) (12,389) Net unrealized appreciation (depreciation)............. (126,795) (233,511) (39,324) (116,092) 3,879 (7,234) ----------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (147,907) (253,187) (47,308) (562,527) 2,017 (20,588) Changes from principal transactions: Purchase payments........... 31,378 82,916 132,846 128,177 23,539 9,254 Contract distributions and terminations............... (16,419) (23,406) (27,130) (41,115) (1,795) (2,354) Transfer payments from (to) Fixed Accounts and other Divisions.................. (23,137) (49,475) 34,041 (111,000) 21,489 16,838 Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - 2 1 1 - ----------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... (8,178) 10,035 139,759 (23,937) 43,234 23,738 ----------------------------------------------------------------------------------------------- Total increase (decrease)........ (156,085) (243,152) 92,451 (586,464) 45,251 3,150 ----------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $307,314 $557,376 $701,319 $888,516 $85,251 $57,548 =============================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-30
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) ASSET DIVERSIFIED GROWTH AND SPECIAL INTERNET ALLOCATION MID-CAP INVESTORS INCOME SITUATIONS TOLLKEEPER GROWTH SERIES SERIES SERIES SERIES SERIES SERIES -------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $4,696 $11,358 $21,558 $12,726 $5,891 $- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... (230) (314) (667) (536) (199) (9) Net realized gain (loss) and capital distribution....... (13) (150) (359) (116) (257) (33) Net unrealized appreciation (depreciation)............. (2,847) (7,094) (9,913) (8,466) (3,540) (773) -------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (3,090) (7,558) (10,939) (9,118) (3,996) (815) Changes from principal transactions: Purchase payments........... 21,077 23,665 31,319 40,356 10,130 1,977 Contract distributions and terminations............... (379) (499) (1,513) (947) (373) (10) Transfer payments from (to) Fixed Accounts and other Divisions.................. 9,453 8,229 24,105 21,317 6,145 885 Additions to assets retained in the Account by Golden American Life Insurance Company.................... 1 - - - - - -------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 30,152 31,395 53,911 60,726 15,902 2,852 -------------------------------------------------------------------------------------------------- Total increase (decrease)........ 27,062 23,837 42,972 51,608 11,906 2,037 -------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $31,758 $35,195 $64,530 $64,334 $17,797 $2,037 ================================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-31
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) GROWTH SMALL CAP CONVERTIBLE GROWTH AND WORLDWIDE OPPORTUNITIES MAGNACAP OPPORTUNITES CLASS PORTFOLIO INCOME GROWTH FUND PORTFOLIO (a) PORTFOLIO (a) PORTFOLIO (a) (b) PORTFOLIO (b) -------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $5,554 $- $- $- $- $- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... (141) (8) (9) (30) - - Net realized gain (loss) and capital distribution....... (845) (79) (6) (581) - - Net unrealized appreciation (depreciation)............. (2,754) (504) (273) (1,328) - (5) -------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (3,740) (591) (288) (1,939) - (5) Changes from principal transactions: Purchase payments........... 9,019 1,566 2,481 3,803 49 104 Contract distributions and terminations............... (280) (10) (67) (57) - - Transfer payments from (to) Fixed Accounts and other Divisions.................. 2,902 1,104 723 3,592 - 2 Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - - -------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 11,641 2,660 3,137 7,338 49 106 -------------------------------------------------------------------------------------------------- Total increase (decrease)........ 7,901 2,069 2,849 5,399 49 101 -------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $13,455 $2,069 $2,849 $5,399 $49 $101 ================================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-32
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) PIMCO STOCKSPLUS SP JENNISON LARGE CAP PIMCO HIGH GROWTH AND PRUDENTIAL INTERNATIONAL GROWTH YIELD BOND INCOME JENNISON GROWTH APPRECIATION PORTFOLIO (b) PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO -------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $- $162,857 $258,484 $7,732 $2,720 $831 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... - 9,397 4,304 (244) (81) - Net realized gain (loss) and capital distribution....... - (9,991) (12,367) (5,546) (2,658) - Net unrealized appreciation (depreciation)............. (18) (8,254) (47,658) (1,090) (859) (113) -------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (18) (8,848) (55,721) (6,880) (3,598) (113) Changes from principal transactions: Purchase payments........... 187 44,360 27,558 10,673 5,936 5 Contract distributions and terminations............... - (8,663) (8,960) (633) (404) (10) Transfer payments from (to) Fixed Accounts and other Divisions.................. - 20,791 (17,218) 6,517 3,695 (17) Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - - -------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 187 56,488 1,380 16,557 9,227 (22) -------------------------------------------------------------------------------------------------- Total increase (decrease)........ 169 47,640 (54,341) 9,677 5,629 (135) -------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $169 $210,497 $204,143 $17,409 $8,349 $696 ================================================================================================== (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-33
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SMITH BARNEY SMITH BARNEY SMITH BARNEY LARGE CAP INTERNATIONAL SMITH BARNEY INTERNATIONAL ASSET HIGH INCOME VALUE EQUITY MONEY MARKET EQUITY ALLOCATION PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO ------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $446 $692 $455 $156 $194,618 $1,387 INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... 46 2 (4) (12) (2,451) 4 Net realized gain (loss) and capital distribution....... (29) 14 1 - (63,460) (10) Net unrealized appreciation (depreciation)............. (55) (112) (176) - 12,266 (208) ------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (38) (96) (179) (12) (53,645) (214) Changes from principal transactions: Purchase payments........... - - - - 17,303 115 Contract distributions and terminations............... (22) (15) (4) (237) (5,763) (65) Transfer payments from (to) Fixed Accounts and other Divisions.................. (31) (47) (5) 318 (2,007) (8) Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - - ------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... (53) (62) (9) 81 9,533 42 ------------------------------------------------------------------------------------------------- Total increase (decrease)........ (91) (158) (188) 69 (44,112) (172) ------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $355 $534 $267 $225 $150,506 $1,215 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-34
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) SMALL GROWTH & HIGH QUALITY COMPANY GROWTH AND EQUITY INCOME BOND GROWTH ALLIANCEBERNSTEIN INCOME PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO VALUE PORTFOLIO (b) PORTFOLIO (b) ------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $1,071 $284 $78 $72 $- $- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... (16) (3) 4 (1) - - Net realized gain (loss) and capital distribution....... (27) (6) 1 (1) (3) (1) Net unrealized appreciation (depreciation)............. (277) (39) 3 (15) (13) (33) ------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (320) (48) 8 (17) (16) (34) Changes from principal transactions: Purchase payments........... 98 48 28 8 259 513 Contract distributions and terminations............... (74) (10) (4) - - - Transfer payments from (to) Fixed Accounts and other Divisions.................. (12) (65) 38 4 7 (6) Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - - ------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 12 (27) 62 12 266 507 ------------------------------------------------------------------------------------------------- Total increase (decrease)........ (308) (75) 70 (5) 250 473 ------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $763 $209 $148 $67 $250 $473 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-35
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) VALUE INDEX PLUS INDEX PLUS INDEX PLUS PREMIER GROWTH GET FUND OPPORTUNITY LARGE CAP MID CAP SMALL CAP PORTFOLIO (b) SERIES N (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) ------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $- $- $- $- $- $- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... - (15) - - - - Net realized gain (loss) and capital distribution....... - (1) - - (4) (3) Net unrealized appreciation (depreciation)............. (15) 76 (13) (7) (27) (9) ------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (15) 60 (13) (7) (31) (12) Changes from principal transactions: Purchase payments........... 351 1,799 133 258 301 165 Contract distributions and terminations............... - (27) - (1) - - Transfer payments from (to) Fixed Accounts and other Divisions.................. 14 30,758 5 4 18 10 Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - - ------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 365 32,530 138 261 319 175 ------------------------------------------------------------------------------------------------- Total increase (decrease)........ 350 32,590 125 254 288 163 ------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $350 $32,590 $125 $254 $288 $163 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-36
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) TACTICAL EQUITY- FINANCIAL HEALTH ALLOCATION INCOME GROWTH CONTRAFUND SERVICES FUND SCIENCES PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) (b) FUND (b) ------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $- $- $- $- $- $- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... - (1) - - - - Net realized gain (loss) and capital distribution....... - - - (5) - - Net unrealized appreciation (depreciation)............. (2) (37) (24) 13 (6) (5) ------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (2) (38) (24) 8 (6) (5) Changes from principal transactions: Purchase payments........... 194 627 291 570 162 326 Contract distributions and terminations............... - - - - - - Transfer payments from (to) Fixed Accounts and other Divisions.................. - 11 - 5 4 42 Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - - ------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 194 638 291 575 166 368 ------------------------------------------------------------------------------------------------- Total increase (decrease)........ 192 600 267 583 160 363 ------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $192 $600 $267 $583 $160 $363 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-37
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) PPI MFS WORLDWIDE CAPITAL PIONEER SMALL UTILITIES GROWTH OPPORTUNITIES FUND VCT COMPANY VCT FUND (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) PORTFOLIO (b) BULL (a) ------------------------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $- $- $- $- $- $- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... - - - - (1) (38) Net realized gain (loss) and capital distribution....... - - (2) - - (530) Net unrealized appreciation (depreciation)............. (3) (20) (26) (7) (47) (608) ------------------------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (3) (20) (28) (7) (48) (1,176) Changes from principal transactions: Purchase payments........... 66 406 204 95 417 1,871 Contract distributions and terminations............... - - - - - (88) Transfer payments from (to) Fixed Accounts and other Divisions.................. 5 11 (3) 11 14 4,294 Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - - ------------------------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 71 417 201 106 431 6,077 ------------------------------------------------------------------------------------------------- Total increase (decrease)........ 68 397 173 99 383 4,901 ------------------------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $68 $397 $173 $99 $383 $4,901 ================================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-38
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B STATEMENTS OF CHANGES IN NET ASSETS - UNAUDITED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001, EXCEPT AS NOTED (DOLLARS IN THOUSANDS) GROWTH AND INTERNATIONAL INCOME GROWTH AND INCOME VOYAGER SMALL-CAP (a) EUROPE 30 (a) FUND (b) FUND (b) FUND (b) --------------------------------------------------------------------------------- NET ASSETS AT JANUARY 1, 2001..... $- $- $- $- $- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income....... (54) (58) - - - Net realized gain (loss) and capital distribution....... (1,434) (3,657) - (3) - Net unrealized appreciation (depreciation)............. (538) 72 (4) (10) (4) --------------------------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations................. (2,026) (3,643) (4) (13) (4) Changes from principal transactions: Purchase payments........... 1,084 610 145 210 140 Contract distributions and terminations............... (99) (275) - - - Transfer payments from (to) Fixed Accounts and other Divisions.................. 5,906 9,605 2 (2) 11 Additions to assets retained in the Account by Golden American Life Insurance Company.................... - - - - - --------------------------------------------------------------------------------- Increase (decrease) in net assets derived from principal transactions..... 6,891 9,940 147 208 151 --------------------------------------------------------------------------------- Total increase (decrease)........ 4,865 6,297 143 195 147 --------------------------------------------------------------------------------- NET ASSETS AT SEPTEMBER 30, 2001.. $4,865 $6,297 $143 $195 $147 ================================================================================= (a) Commencement of operations, May 1, 2001. (b) Commencement of operations, July 16, 2001. SEE ACCOMPANYING NOTES. S-39
(This page intentional left blank.) S-40 GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 NOTE 1 - ORGANIZATION Golden American Life Insurance Company Separate Account B (the "Account") was established by Golden American Life Insurance Company ("Golden American") to support the operations of variable annuity contracts ("Contracts"). Golden American is primarily engaged in the issuance of variable insurance products and is licensed as a life insurance company in the District of Columbia and all states except New York. The Account is registered as a unit investment trust with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended. Golden American provides for variable accumulation and benefits under the Contracts by crediting annuity considerations to one or more divisions within the Account or the Golden American Guaranteed Interest Division, the Golden American Fixed Interest Division, and the Fixed Separate Account, which are not part of the Account, as directed by the Contractowners. The portion of the Account's assets applicable to Contracts will not be chargeable with liabilities arising out of any other business Golden American may conduct, but obligations of the Account, including the promise to make benefit payments, are obligations of Golden American. The assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of Golden American. During 2001, the Account had GoldenSelect Contracts, Granite PrimElite Contracts and SmartDesign VA Contracts. GoldenSelect Contracts sold by Golden American during 2001 include DVA Plus, Access, Premium Plus, ES II, Value, Access One, Generations, and Landmark. At September 30, 2001, the Account had, under GoldenSelect Contracts, forty-four investment divisions: Liquid Asset, Limited Maturity Bond, Large Cap Value, Hard Assets, All Cap, Real Estate, Fully Managed, Equity Income, Capital Appreciation, Rising Dividends, Value Equity, Strategic Equity, Small Cap, Managed Global, Mid-Cap Growth, Capital Growth, Research, Total Return, Growth, Core Bond (formerly Global Fixed Income), Developing World, Asset Allocation, Diversified Mid Cap, Investors, Growth & Income, Special Situations, Internet Tollkeeper, Worldwide Growth (formerly ING Global Brand Names), Growth Opportunities, MagnaCap, Small Cap, PIMCO High Yield Bond, PIMCO StocksPLUS Growth & Income, Jennison, SP Jennison International Growth, International Equity, Asset Allocation, Equity, Growth & Income, High Quality Bond, Small Company Growth, ProFund Bull, ProFund Small Cap and Europe30 Divisions ("Divisions"). The Account had, under SmartDesign Contracts, thirty-six investment divisions: Liquid Asset, Value Equity, Research, Total Return, Core Bond (formerly Global Fixed Income), Growth & Income, Worldwide Growth (formerly ING Global Brand Names), MagnaCap, Convertible Class, Growth and Income, LargeCap Growth, PIMCO High Yield Bond, Jennison, SP Jennison International Growth, AllianceBernstein Value, Alliance Growth and Income, Premier Growth, GET Fund Series N, Value Opportunity, Index Plus Large Cap, Index Plus Mid Cap, Index Plus Small Cap, Tactical Allocation, Equity-Income, Growth, Contrafund, Financial Services, Health Sciences, Utilities, Worldwide Growth, PPI MFS Capital Opportunites, Pioneer Fund VCT, Small Company VCT, Putnam Growth & Income, International Growth & Income and Voyager Divisions ("Divisions"). The Account also had, under Granite PrimElite Contracts, eight investments divisions: Mid-Cap Growth, Research, Total Return, Appreciation, Smith Barney High Income, Smith Barney Large Cap Value, Smith Barney International Equity, and Smith Barney Money Market Divisions (collectively with the divisions noted above, "Divisions"). The assets in each Division are invested in shares of a designated series ("Series," which may also be referred to as "Portfolio") of mutual funds, The GCG Trust, Pilgrim Variable Insurance Trust, Pilgrim Variable Products Trust, PIMCO Variable Insurance Trust, Prudential Series Fund Inc., Greenwich Street Series Fund Inc., Travelers Series Fund Inc., Credit Suisse Warburg Pincus Trust, The Galaxy VIP Fund, Alliance Variable Products Series Fund Inc., Aetna Variable Portfolios Inc., Brinson Series Trust, INVESCO Variable Investment Funds Inc., Janus Aspen Series, Portfolio Partners Inc., Pioneer Variable Contracts Trust, The ProFunds VP, or Putnam Variable Trust (the "Trusts"). The Account also includes The Fund For Life Division, which is not included in the accompanying financial statements, and which ceased to accept new Contracts effective December 31, 1994. The Market Manager Division was open for investment for only a brief period during 1994 and 1995. This Division is now closed and Contractowners are not permitted to direct their investments into this Division. S-41 GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES The following is a summary of the significant accounting policies of the Account: USE OF ESTIMATES: The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. INVESTMENTS: Investments are made in shares of a Series or Portfolio of the Trusts and are valued at the net asset value per share of the respective Series or Portfolio of the Trusts. Investment transactions in each Series or Portfolio of the Trusts are recorded on the trade date. Distributions of net investment income and capital gains from each Series or Portfolio of the Trusts are recognized on the ex-distribution date. Realized gains and losses on redemptions of the shares of the Series or Portfolio of the Trusts are determined on the specific identification basis. FEDERAL INCOME TAXES: Operations of the Account form a part of, and are taxed with, the total operations of Golden American which is taxed as a life insurance company under the Internal Revenue Code. Earnings and realized capital gains of the Account attributable to the Contractowners are excluded in the determination of the federal income tax liability of Golden American. NOTE 3 - CHARGES AND FEES Prior to February 1, 2000, DVA Plus, Access, and the Premium Plus each had three different death benefit options referred to as Standard, Annual Ratchet, and 7% Solution; however, in the state of Washington, the 5.5% Solution is offered instead of the 7% Solution. After February 1, 2000 DVA Plus, Access and Premium Plus each had four different death benefit options referred to as Standard, Annual Ratchet, 7% Solution and Max 7. Granite PrimElite has two death benefit options referred to as Standard and Annual Ratchet. Prior to 2001, ES II had only one death benefit option. During 2001, ESII had seven death benefit options referred to as Standard, Deferred Ratchet, Annual Ratchet, 5.5% Solution, 7% Solution, Max 5.5 and Max 7. Generations has five death benefit options referred to as Standard, Deferred Ratchet, Annual Ratchet, 7% Solution, and Max 7. Landmark has six death benefit options referred to as Standard, Annual Ratchet, 5.5% Solution, 7% Solution, Max 5.5, and Max 7. VA has three death benefit options referred to as Option I, Option II, and Option III. Golden American discontinued external sales of DVA 80 in May 1991. Golden American has also discontinued external sales of DVA 100, DVA Series 100, and Granite PremElite. Under the terms of the Contract, certain charges are allocated to the Contracts to cover Golden American's expenses in connection with the issuance and administration of the Contracts. Following is a summary of these charges: MORTALITY AND EXPENSE RISK CHARGES: Golden American assumes mortality and expense risks related to the operations of the Account and, in accordance with the terms of the Contracts, deducts a daily charge from the assets of the Account. Daily charges deducted at annual rates to cover these risks follows: Series Annual Rates ------ ------------ DVA 80 0.80% DVA 0.90 DVA Series 100 1.25 DVA Plus (pre February 2000) - Standard 1.10 DVA Plus (post January 2000) - Standard 1.15 DVA Plus (post 2000) - Standard 1.15 DVA Plus (pre February 2000) - Annual Ratchet 1.25 DVA Plus (pre February 2000) - 5.5% Solution 1.25 DVA Plus (post January 2000) - 5.5% Solution 1.25 DVA Plus (post January 2000) - Annual Ratchet 1.30 DVA Plus (post 2000) - 5.5% Solution 1.30 S-42 GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 3 - CHARGES AND FEES (CONTINUED) DVA Plus (pre February 2000) - 7% Solution 1.40 DVA Plus (post January 2000) - Max 5.5 1.40 DVA Plus (post 2000) - Annual Ratchet 1.40 DVA Plus (post 2000) - Max 5.5 1.45 DVA Plus (post January 2000) - 7% Solution 1.50 DVA Plus (post 2000) - 7% Solution 1.50 DVA Plus (post January 2000) - Max 7 1.60 DVA Plus (post 2000) - Max 7 1.60 Access (pre February 2000) - Standard 1.25 Access (post January 2000) - Standard 1.30 Access (post 2000) - Standard 1.30 Access (pre February 2000) - Annual Ratchet 1.40 Access (pre February 2000) - 5.5% Solution 1.40 Access (post January 2000) - Annual Ratchet 1.45 Access (post January 2000) - 5.5% Solution 1.45 Access (post 2000) - 5.5% Solution 1.45 Access (pre February 2000) - 7% Solution 1.55 Access (post January 2000) - Max 5.5 1.55 Access (post 2000) - Annual Ratchet 1.55 Access (post 2000) - Max 5.5 1.60 Access (post January 2000) - 7% Solution 1.65 Access (post 2000) - 7% Solution 1.65 Access (post April 2001) - Standard 1.65 Access (post January 2000) - Max 7 1.75 Access (post 2000) - Max 7 1.75 Access (post April 2001) - 5.5% Solution 1.80 Access (post April 2001) - Annual Ratchet 1.90 Access (post April 2001) - Max 5.5 1.95 Access (post April 2001) - 7% Solution 2.00 Access (post April 2001) - Max 7 2.10 Premium Plus (pre February 2000) - Standard 1.25 Premium Plus (post January 2000) - Standard 1.30 Premium Plus (post 2000) - Standard 1.30 Premium Plus (pre February 2000) - Annual Ratchet 1.40 Premium Plus (pre February 2000) - 5.5% Solution 1.40 Premium Plus (post January 2000) - Annual Ratchet 1.45 Premium Plus (post January 2000) - 5.5% Solution 1.45 Premium Plus (post 2000) - 5.5% Solution 1.45 Premium Plus (pre February 2000) - 7% Solution 1.55 Premium Plus (post January 2000) - Max 5.5 1.55 Premium Plus (post 2000) - Annual Ratchet 1.55 Premium Plus (post 2000) - Max 5.5 1.60 Premium Plus (post January 2000) - 7% Solution 1.65 Premium Plus (post 2000) - 7% Solution 1.65 Premium Plus (post January 2000) - Max 7 1.75 Premium Plus (post 2000) - Max 7 1.75 S-43 GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 3 - CHARGES AND FEES (CONTINUED) ES II (pre 2001) 1.25 ES II (post 2000) - Standard 1.25 ES II (post 2000) - Deferred Ratchet 1.30 ES II (post 2000) - 5.5% Solution 1.40 ES II (post 2000) - Annual Ratchet 1.50 ES II (post 2000) - Max 5.5 1.55 ES II (post 2000) - 7% Solution 1.60 ES II (post 2000) - Max 7 1.70 Value - Standard 0.75 Access One 0.35 Granite PrimElite - Standard 1.10 Granite PrimElite - Annual Ratchet 1.25 Generations - Standard 1.25 Generations - Deferred Ratchet 1.30 Generations - Annual Ratchet 1.50 Generations - 7% Solution 1.60 Generations - Max 7 1.70 Landmark - Standard 1.50 Landmark - 5.5% Solution 1.65 Landmark - Annual Ratchet 1.75 Landmark - Max 5.5 1.80 Landmark - 7% Solution 1.85 Landmark - Max 7 1.95 VA Option I 0.80 VA Option II 1.10 VA Option III 1.25 VA Bonus Option I 1.30 VA Bonus Option II 1.60 VA Bonus Option III 1.75 ASSET BASED ADMINISTRATIVE CHARGES: A daily charge at an annual rate of 0.10% is deducted from assets attributable to DVA 100 and DVA Series 100 Contracts. A daily charge at an annual rate of 0.15% is deducted from the assets attributable to the DVA Plus, Access, Premium Plus, ESII, Value, Access One, Granite PrimElite, Generations, Landmark, and VA Contracts. ADMINISTRATIVE CHARGES: An administrative charge is deducted from the accumulation value of Deferred Annuity Contracts to cover ongoing administrative expenses. The charge is $30 per Contract year for ES II, Value, and VA contracts. For DVA Series 100 and Access One Contracts there is no charge. For all other Contracts the charge is $40. The charge is incurred at the beginning of the Contract processing period and deducted at the end of the Contract processing period. This charge had been waived for certain offerings of the Contracts. MINIMUM DEATH BENEFIT GUARANTEE CHARGES: For certain Contracts, a minimum death benefit guarantee charge of up to $1.20 per $1,000 of guaranteed death benefit per Contract year is deducted from the accumulation value of Deferred Annuity Contracts on each Contract anniversary date. S-44 GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 3 - CHARGES AND FEES (CONTINUED) CONTINGENT DEFERRED SALES CHARGES: Under DVA 80, DVA 100, DVA Plus, Premium Plus, ES II, Value, and Granite PrimElite Contracts, a contingent deferred sales charge ("Surrender Charge") is imposed as a percentage of each premium payment if the Contract is surrendered or an excess partial withdrawal is taken. The following table reflects the surrender charge that is assessed based upon the date a premium payment is received.
SURRENDER CHARGE --------------------------------------------------------------------------------------------------- COMPLETE YEARS ELAPSED SINCE DVA 80 DVA PREMIUM ES II & GRANITE PREMIUM PAYMENT & 100 PLUS PLUS GENERATIONS VALUE PRIMELITE LANDMARK VA ------------------------------------------------------------------------------------------------------------------------------- 0........ 6% 7% 8% 8% 6% 7% 6% 7% 1........ 5 7 8 7 6 7 5 7 2........ 4 6 8 6 6 6 4 6 3........ 3 5 8 5 5 5 - 6 4........ 2 4 7 4 4 4 - 5 5........ 1 3 6 3 3 3 - 4 6........ - 1 5 2 1 1 - 3 7........ - - 3 1 - - - - 8........ - - 1 - - - - - 9+....... - - - - - - - - -------------------------------------------------------------------------------------------------------------------------------
OTHER CONTRACT CHARGES: Under DVA 80, DVA 100, and DVA Series 100 Contracts, a charge is deducted from the accumulation value for Contracts taking more than one conventional partial withdrawal during a Contract year. For DVA 80 and DVA 100 Contracts, annual distribution fees are deducted from the Contract accumulation values. DEFERRED SALES LOAD: Under Contracts offered prior to October 1995, a sales load of up to 7.5 % was assessed against each premium payment for sales-related expenses as specified in the Contracts. For DVA Series 100, the sales load is deducted in equal annual installments over the period the Contract is in force, not to exceed 10 years. For DVA 80 and DVA 100 Contracts, although the sales load is chargeable to each premium when it is received by Golden American, the amount of such charge is initially advanced by Golden American to Contractowners and included in the accumulation value and then deducted in equal installments on each Contract anniversary date over a period of six years. Upon surrender of the Contract, the unamortized deferred sales load is deducted from the accumulation value. In addition, when partial withdrawal limits are exceeded, a portion of the unamortized deferred sales load is deducted. PREMIUM TAXES: For certain Contracts, premium taxes are deducted, where applicable, from the accumulation value of each Contract. The amount and timing of the deduction depend on the annuitant's state of residence and currently ranges up to 3.5% of premiums. FEES WAIVED BY GOLDEN AMERICAN: Certain charges and fees for various types of Contracts are currently waived by Golden American. Golden American reserves the right to discontinue these waivers at its discretion or to conform with changes in the law. A summary of the net assets retained in the Account at September 30l 2001, representing the unamortized deferred sales load and premium taxes advanced by Golden American previously noted, follows: Balance at beginning of year............................ $678 Sales load advanced..................................... 20 Amortization of deferred sales load and premium tax..... (612) ------------- Balance at end of year.................................. $ 86 ============= S-45 GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 4 - PURCHASES AND SALES OF INVESTMENT SECURITIES The aggregate cost of purchases and proceeds from sales of investments during 2001 follows:
------------------------------------- PURCHASES SALES ------------------------------------- (DOLLARS IN THOUSANDS) The GCG Trust: Liquid Asset Series $4,225,108 $3,729,114 Limited Maturity Bond Series 266,809 116,663 Large Cap Value Series 132,651 13,398 Hard Assets Series 8,377 7,903 All Cap Series 155,724 16,298 Real Estate Series 53,235 36,256 Fully Managed Series 260,871 76,766 Equity Income Series 134,331 66,049 Capital Appreciation Series 105,598 92,773 Rising Dividends Series 30,265 52,912 Emerging Markets Series 49,902 69,646 Market Manager Series 3,388 8,410 Value Equity Series 84,606 67,814 Strategic Equity Series 131,020 160,530 Small Cap Series 285,875 253,139 Managed Global Series 710,426 669,700 Mid-Cap Growth Series 618,317 591,460 Capital Growth Series 113,764 127,835 Research Series 138,976 138,442 Total Return Series 186,283 55,523 Growth Series 583,960 624,891 Core Bond Series 58,427 15,822 Developing World Series 393,769 370,996 Asset Allocation Growth Series 30,276 353 Diversified Mid-Cap Series 33,900 2,819 Investors Series 59,270 6,026 Growth and Income Series 61,720 1,530 Special Situation Series 17,036 1,333 Internet Tollkeeper Series 2,941 98 Pilgrim Variable Insurance Trust: Worldwide Growth Fund 16,696 5,197 Pilgrim Variable Products Trust: Growth Opportunities Portfolio 3,951 1,299 MagnaCap Portfolio 3,242 114 Small Cap Opportunities Portfolio 11,213 3,905 Convertible Class Portfolio 49 - Growth and Income Portfolio 106 - LargeCap Growth Portfolio 187 - PIMCO Variable Insurance Trust: PIMCO High Yield Bond Portfolio 141,454 75,568 PIMCO StocksPLUS Growth and Income Portfolio 41,514 35,830 Prudential Series Fund, Inc.: Prudential Jennison Portfolio 101,367 84,865 SP Jennison International Growth Portfolio 60,756 51,610 Greenwich Street Series Fund Inc.: Appreciation Portfolio 53 75 S-46
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 4 - PURCHASES AND SALES OF INVESTMENT SECURITIES (CONTINUED) Travelers Series Fund Inc.: Smith Barney High Income Portfolio 51 57 Smith Barney Large Cap Value Portfolio 30 68 Smith Barney International Equity Portfolio 3 17 Smith Barney Money Market Portfolio 193 124 Credit Suisse Warburg Pincus Trust: International Equity Portfolio 1,019,936 1,014,515 The Galaxy VIP Fund: Asset Allocation Portfolio 208 162 Equity Portfolio 130 134 Growth & Income Portfolio 59 88 High Quality Bond Portfolio 83 17 Small Company Growth Portfolio 17 6 Alliance Variable Products Series Fund, Inc.: AllianceBernstein Value Portfolio 293 27 Growth and Income Portfolio 512 5 Premier Growth Portfolio 365 - Aetna Variable Portfolios, Inc.: GET Fund Series N 32,575 60 Value Opportunity Portfolio 138 - Index Plus Large Cap Portfolio 261 - Index Plus Mid Cap Portfolio 356 37 Index Plus Small Cap Portfolio 198 23 Brinson Series Trust: Tactical Allocation Portfolio 194 - Fidelity Variable Insurance Products: Equity-Income Portfolio 637 - Growth Portfolio 291 - Contrafund Portfolio 634 59 INVESCO Variable Investment Funds, Inc.: Financial Services Fund 167 1 Health Sciences Fund 371 3 Utilities Fund 71 - Janus Aspen Series: Worldwide Growth Portfolio 417 - Portfolio Partners, Inc.: PPI MFS Capital Opportunities Portfolio 207 6 Pioneer Variable Contracts Trust: Pioneer Fund VCT Portfolio 106 - Small Company VCT Portfolio 430 - ProFund: Bull 24,938 18,899 Small-Cap 109,470 102,633 Europe 30 79,967 70,085 Putnam: Growth and Income Fund 147 - International Growth and Income Fund 230 22 Voyager Fund 151 - ------------------------------------- COMBINED $10,591,249 $8,840,010 ===================================== S-47
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 5 - SUMMARY OF CHANGES FROM UNIT TRANSACTIONS Contractowners' transactions shown in the following table reflect gross inflows ("Purchases") and outflows ("Sales") in units for each Division for the nine months ended September 30, 2001. The activity includes Contractowners electing to update a DVA 100 or DVA Series 100 Contract to a DVA PLUS Contract. Updates to DVA PLUS Contracts resulted in both a sale (surrender of the old Contract) and a purchase (acquisition of the new Contract). All of the purchases transactions for the Market Manager Division resulted from such updates. ------------------------------------- PURCHASES SALES ------------------------------------- The GCG Trust: Liquid Asset Series 299,314,928 267,856,089 Limited Maturity Bond Series 17,530,029 9,119,102 Large Cap Value Series 14,586,622 2,677,955 Hard Assets Series 810,729 734,319 All Cap Series 14,999,833 3,287,962 Real Estate Series 2,505,703 1,873,454 Fully Managed Series 11,678,227 4,651,083 Equity Income Series 7,519,063 4,427,467 Capital Appreciation Series 6,602,957 5,903,248 Rising Dividends Series 3,745,849 4,439,612 Emerging Markets Series 7,053,917 9,615,850 Market Manager Series - 238,516 Value Equity Series 5,630,499 4,866,122 Strategic Equity Series 11,585,081 13,353,855 Small Cap Series 19,760,548 17,800,022 Managed Global Series 40,008,269 37,555,663 Mid-Cap Growth Series 19,368,202 18,831,212 Capital Growth Series 8,900,047 9,887,744 Research Series 7,836,134 7,590,506 Total Return Series 11,957,159 5,119,619 Growth Series 37,584,332 40,138,513 Core Bond Series 5,603,216 1,793,942 Developing World Series 57,772,799 54,702,951 Asset Allocation Growth Series 3,629,478 205,891 Diversified Mid-Cap Series 4,208,108 775,224 Investors Series 6,040,985 1,243,840 Growth and Income Series 7,288,886 797,047 Special Situations Series 2,351,583 566,119 Internet Tollkeeper Series 366,631 36,686 Pilgrim Variable Insurance Trust Worldwide Growth Fund 2,451,388 960,683 Pilgrim Variable Products Trust Growth Opportunities Portfolio 482,611 175,818 MagnaCap Portfolio 366,628 35,097 Small Cap Opportunities Portfolio 1,289,899 531,734 Convertible Class Portfolio 5,004 - Growth and Income Portfolio 10,757 - LargeCap Growth Portfolio 19,529 - PIMCO Variable Insurance Trust: PIMCO High Yield Bond Portfolio 15,878,822 10,319,656 PIMCO StocksPLUS Growth and Income Portfolio 4,830,446 4,936,276 Prudential Series Fund, Inc. Prudential Jennison Portfolio 14,471,265 12,223,516 SP Jennison International Growth Portfolio 9,998,163 8,649,087 S-48
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 5 - SUMMARY OF CHANGES FROM UNIT TRANSACTIONS (CONTINUED) Greenwich Street Series Fund Inc.: Appreciation Portfolio 2,583 4,086 Travelers Series Fund Inc.: Smith Barney High Income Portfolio 85 4,303 Smith Barney Large Cap Value Portfolio 4 3,219 Smith Barney International Equity Portfolio 245 1,012 Smith Barney Money Market Portfolio 15,005 9,744 Credit Suisse Warburg Pincus Trust International Equity Portfolio 108,196,999 106,553,695 The Galaxy VIP Fund: Asset Allocation Portfolio 17,780 15,516 Equity Portfolio 11,632 12,070 Growth & Income Portfolio 5,585 8,959 High Quality Bond Portfolio 6,965 1,408 Small Company Growth Portfolio 1,162 327 Alliance Variable Products Series Fund, Inc. AllianceBernstein Value Portfolio 31,559 4,705 Growth and Income Portfolio 55,507 1,268 Premier Growth Portfolio 41,826 55 Aetna Variable Portfolios, Inc. GET Fund Series N 3,253,814 7,515 Value Opportunity Portfolio 14,775 - Index Plus Large Cap Portfolio 29,367 - Index Plus Mid Cap Portfolio 37,585 4,480 Index Plus Small Cap Portfolio 23,410 4,516 Brinson Series Trust Tactical Allocation Portfolio 22,398 - Fidelity Variable Insurance Products Equity-Income Portfolio 72,845 4,700 Growth Portfolio 33,480 6 Contrafund Portfolio 70,658 6,645 INVESCO Variable Investment Funds, Inc. Financial Services Fund 18,538 247 Health Sciences Fund 37,775 419 Utilities Fund 8,604 - Janus Aspen Series Worldwide Growth Portfolio 47,594 - Portfolio Partners, Inc. PPI MFS Capital Opportunities Portfolio 23,800 805 Pioneer Variable Contracts Trust Pioneer Fund VCT Portfolio 11,491 - Small Company VCT Portfolio 46,582 365 The ProFunds VP: Bull 2,673,831 2,070,621 Small-Cap 11,213,179 10,603,935 Europe 30 10,850,217 10,042,804 Putnam Variable Trust Growth and Income Fund 16,005 - International Growth and Income Fund 25,562 3,458 Voyager Fund 20,541 - ------------------------------------- COMBINED 822,983,314 697,292,363 ===================================== S-49
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS The following schedule summarizes expense ratios, excluding expenses of underlying funds,. and total return for the nine-month period ended September 30, 2001 and the years ended December 31, 2000, 1999, 1998, and 1997. MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIQUID ASSET SERIES - DVA 80 September 30, 2001 242,499 $17.04 $4,131 0.80% 2.59% December 31, 2000 254,024 16.61 4,219 0.80% 5.26% December 31, 1999 431,148 15.78 6,805 0.80% 3.88% December 31, 1998 374,624 15.19 5,691 0.80% 4.18% December 31, 1997 367,567 14.58 5,359 0.80% 4.26% LIQUID ASSET SERIES - DVA September 30, 2001 1,005,245 $16.62 $16,707 1.00% 2.53% December 31, 2000 943,073 16.21 15,289 1.00% 4.99% December 31, 1999 2,111,976 15.44 32,610 1.00% 3.69% December 31, 1998 1,767,965 14.89 26,328 1.00% 3.98% December 31, 1997 1,598,949 14.32 22,894 1.00% 4.05% LIQUID ASSET SERIES - DVA SERIES 100 September 30, 2001 51,972 $15.89 $826 1.35% 2.25% December 31, 2000 72,995 15.54 1,134 1.35% 4.65% December 31, 1999 65,836 14.85 978 1.35% 3.27% December 31, 1998 50,601 14.38 727 1.35% 3.68% December 31, 1997 37,946 13.87 526 1.35% 3.66% LIQUID ASSET SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 871,090 $16.11 $14,033 1.25% 2.29% December 31, 2000 713,224 15.75 11,234 1.25% 4.72% December 31, 1999 683,989 15.04 10,287 1.25% 3.44% December 31, 1998 489,531 14.54 7,118 1.25% 3.71% December 31, 1997 227,427 14.02 3,188 1.25% 3.81% LIQUID ASSET SERIES - DVA PLUS - STANDARD (POST JANUARY 2000 AND POST 2000) September 30, 2001 317,658 $15.94 $5,064 1.30% 2.25% December 31, 2000 146,440 15.59 2,283 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-50
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIQUID ASSET SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION (PRE FEBRUARY 2000 & POST JANUARY 2000), ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II (PRE 2001), ES II STANDARD (POST 2000), GENERATIONS - STANDARD September 30, 2001 19,805,407 $15.81 $313,124 1.40% 2.20% December 31, 2000 14,214,983 15.47 219,919 1.40% 4.60% December 31, 1999 13,701,797 14.79 202,706 1.40% 3.21% December 31, 1998 3,587,645 14.33 51,394 1.40% 3.62% December 31, 1997 353,076 13.83 4,883 1.40% 3.62% LIQUID ASSET SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), DVA PLUS - 5.5% SOLUTION (POST 2000), ACCESS - STANDARD (POST JANUARY 2000 AND POST 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000 AND POST 2000), ES II - DEFERRED RATCHET (POST 2000), GENERATIONS - DEFERRED RATCHET September 30, 2001 12,906,412 $15.63 $201,727 1.45% 2.09% December 31, 2000 7,270,477 15.31 111,297 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), DVA PLUS - ANNUAL RATCHET (POST 2000), DVA PLUS - MAX 5.5 (POST JANUARY 2000), ACCESS - ANNUAL RATCHET (PRE FEBRUARY 2000), & 5.5% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION (PRE FEBRUARY 2000), ES II - 5.5% SOLUTION (POST 2000) September 30, 2001 8,604,258 $15.51 $133,452 1.55% 2.11% December 31, 2000 5,535,946 15.19 84,117 1.55% 4.40% December 31, 1999 7,668,618 14.55 111,594 1.55% 3.12% December 31, 1998 2,964,038 14.11 41,830 1.55% 3.37% December 31, 1997 1,132,057 13.65 15,447 1.55% 3.50% LIQUID ASSET SERIES - DVA PLUS - 5.5 % SOLUTION (POST 2000), ACCESS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - 5.5% SOLUTION (POST JANUARY 2000 AND POST 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - 5.5% SOLUTION (POST JANUARY 2000 AND POST 2000) September 30, 2001 3,143,686 $15.33 $48,193 1.60% 2.00% December 31, 2000 2,183,030 15.03 32,816 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000 AND POST 2000), ES II - ANNUAL RATCHET (POST 2000), GENERATIONS - ANNUAL RATCHET, LANDMARK - STANDARD September 30, 2001 1,004,909 $15.24 $15,315 1.65% 2.01% December 31, 2000 302,892 14.94 4,527 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-51
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIQUID ASSET SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (POST 2000), ACCESS - MAX 5.5 (POST JANUARY 2000), DVA PLUS - ANNUAL RATCHET (POST 2000), ES II - MAX 5.5 (POST 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST 2000), PREMIUM PLUS - MAX 5.5 (POST JANUARY 2000) September 30, 2001 13,027,011 $15.19 $197,880 1.70% 1.95% December 31, 2000 7,933,969 14.90 118,208 1.70% 4.27% December 31, 1999 11,002,421 14.29 157,230 1.70% 2.95% December 31, 1998 3,069,965 13.88 42,610 1.70% 3.27% December 31, 1997 370,411 13.44 4,979 1.70% * LIQUID ASSET SERIES - ACCESS - MAX 5.5 (POST 2000), DVA PLUS - MAX 7 (POST JANUARY 2000 AND POST 2000), ES II - 7% SOLUTION (POST 2000), GENERATIONS - 7% SOLUTION, PREMIUM PLUS - MAX 5.5 (POST JANUARY 2000) September 30, 2001 1,247,831 $15.05 $18,780 1.75% 1.96% December 31, 2000 293,515 14.76 4,333 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000 AND POST 2000), ACCESS - STANDARD (POST APRIL 2001), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000 AND POST 2000), LANDMARK - 5.5% SOLUTION September 30, 2001 6,536,074 $14.95 $97,714 1.80% 1.91% December 31, 2000 2,657,053 14.67 38,987 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - ACCESS - MAX 7 (POST JANUARY 2000 AND POST 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000 AND POST 2000), LANDMARK - ANNUAL RATCHET September 30, 2001 6,140,645 $14.76 $90,636 1.90% 1.79% December 31, 2000 2,132,811 14.50 30,917 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - VALUE September 30, 2001 35,897 $16.83 $604 0.90% 2.56% December 31, 2000 23,532 16.41 386 0.90% 5.12% December 31, 1999 7,391 15.61 116 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-52
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIQUID ASSET SERIES - VA OPTION II September 30, 2001 1,176 $16.09 $19 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - VA OPTION III September 30, 2001 30,696 $15.78 $484 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - VA BONUS OPTION I September 30, 2001 30,126 $15.68 $472 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - VA BONUS OPTION II September 30, 2001 8,678 $15.09 $131 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - VA BONUS OPTION III September 30, 2001 38,934 $14.80 $576 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 303,435 $14.90 $4,521 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-53
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIQUID ASSET SERIES - LANDMARK - 7% SOLUTION September 30, 2001 178,189 $14.61 $2,602 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 159,690 $14.52 $2,319 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 97,276 $14.43 $1,404 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 92,925 $14.33 $1,332 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 254,546 $14.15 $3,602 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIQUID ASSET SERIES - VA OPTION I September 30, 2001 688 $16.72 $12 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-54
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIMITED MATURITY BOND SERIES - DVA 80 September 30, 2001 26,843 $20.55 $552 0.80% 7.87% December 31, 2000 30,320 19.05 578 0.80% 6.90% December 31, 1999 61,527 17.82 1,097 0.80% 0.28% December 31, 1998 99,955 17.77 1,776 0.80% 6.03% December 31, 1997 70,318 16.76 1,179 0.80% 5.81% LIMITED MATURITY BOND SERIES - DVA September 30, 2001 1,046,211 $20.03 $20,956 1.00% 7.69% December 31, 2000 1,097,008 18.60 20,401 1.00% 6.65% December 31, 1999 1,624,763 17.44 28,329 1.00% 0.11% December 31, 1998 2,087,318 17.42 36,352 1.00% 5.83% December 31, 1997 2,370,299 16.46 39,020 1.00% 5.59% LIMITED MATURITY BOND SERIES - DVA SERIES 100 September 30, 2001 11,055 $19.15 $212 1.35% 7.40% December 31, 2000 11,209 17.83 200 1.35% 6.32% December 31, 1999 15,728 16.77 264 1.35% -0.24% December 31, 1998 22,995 16.81 387 1.35% 5.39% December 31, 1997 22,582 15.95 360 1.35% 5.24% LIMITED MATURITY BOND SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 376,618 $19.45 $7,325 1.25% 7.58% December 31, 2000 322,729 18.08 5,837 1.25% 6.35% December 31, 1999 279,468 17.00 4,751 1.25% -0.12% December 31, 1998 263,074 17.02 4,478 1.25% 5.52% December 31, 1997 139,323 16.13 2,247 1.25% 5.34% LIMITED MATURITY BOND SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 313,568 $19.27 $6,042 1.30% 7.53% December 31, 2000 53,158 17.92 953 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION (PRE FEBRUARY 2000 & POST FEBRUARY 2000), ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II (PRE 2001), ES II STANDARD (POST 2000), GENERATIONS - STANDARD September 30, 2001 5,672,189 $19.08 $108,225 1.40% 7.43% December 31, 2000 3,621,501 17.76 64,327 1.40% 6.22% December 31, 1999 2,938,050 16.72 49,127 1.40% -0.30% December 31, 1998 1,557,946 16.77 26,124 1.40% 5.41% December 31, 1997 133,461 15.91 2,124 1.40% 5.16% S-55
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIMITED MATURITY BOND SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,246,901 $18.90 $42,466 1.45% 7.39% December 31, 2000 849,473 17.60 14,952 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 2,541,844 $18.72 $47,583 1.55% 7.28% December 31, 2000 1,769,355 17.45 30,867 1.55% 6.08% December 31, 1999 1,835,680 16.45 30,192 1.55% -0.42% December 31, 1998 1,121,400 16.52 18,525 1.55% 5.22% December 31, 1997 462,583 15.70 7,263 1.55% 5.01% LIMITED MATURITY BOND SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 534,880 $18.54 $9,917 1.60% 7.23% December 31, 2000 321,370 17.29 5,555 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 302,493 $18.42 $5,572 1.65% 7.22% December 31, 2000 $49,754 17.18 855 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 3,722,820 $18.33 $68,239 1.70% 7.13% December 31, 2000 2,442,970 17.11 41,790 1.70% 5.94% December 31, 1999 2,267,799 16.15 36,630 1.70% -0.62% December 31, 1998 937,378 16.25 15,230 1.70% 5.04% December 31, 1997 19,171 15.47 296 1.70% * S-56
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIMITED MATURITY BOND SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 295,077 $18.18 $5,364 1.75% 7.13% December 31, 2000 73,720 16.97 1,251 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,325,545 $18.07 $23,953 1.80% 7.11% December 31, 2000 507,893 16.87 8,569 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,144,536 $17.83 $20,407 1.90% 6.96% December 31, 2000 273,264 16.67 4,555 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - VALUE September 30, 2001 89,615 $20.31 $1,820 0.90% 7.80% December 31, 2000 13,071 18.84 246 0.90% 6.74% December 31, 1999 655 17.65 11 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS ONE September 30, 2001 1,261 $21.38 $27 0.50% 8.14% December 31, 2000 1,095 19.77 22 0.50% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 101,559 $17.98 $1,826 1.85% * December 31, 2000 - - - - - December 31, 1999 $0 - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-57
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LIMITED MATURITY BOND SERIES - LANDMARK - 7% SOLUTION September 30, 2001 10,261 $17.64 $181 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS ONE ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 17,940 $17.52 $314 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS ONE ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 43,347 $17.41 $755 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS ONE ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 5,616 $17.30 $97 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LIMITED MATURITY BOND SERIES - ACCESS ONE ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 18,638 $17.08 $318 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - DVA September 30, 2001 24,227 $8.66 $210 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-58
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LARGE CAP VALUE SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 106,885 $8.62 $921 1.25% -18.37% December 31, 2000 81,093 10.56 856 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 304,575 $8.62 $2,625 1.30% -18.29% December 31, 2000 147,571 10.55 1,557 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 2,795,723 $8.60 $24,043 1.40% -18.48% December 31, 2000 2,138,096 10.55 22,546 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 3,700,335 $8.59 $31,786 1.45% -18.50% December 31, 2000 1,537,946 10.54 16,210 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 1,419,030 $8.58 $12,175 1.55% -18.52% December 31, 2000 770,213 10.53 8,111 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-59
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LARGE CAP VALUE SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,251,747 $8.57 $10,727 1.60% -18.61% December 31, 2000 942,003 10.53 9,915 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,015,387 $8.56 $8,692 1.65% -18.63% December 31, 2000 181,541 10.52 1,910 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 2,379,453 $8.56 $20,368 1.70% -18.63% December 31, 2000 961,611 10.52 10,112 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,168,976 $8.55 $9,995 1.75% -18.65% December 31, 2000 177,361 10.51 1,864 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 2,943,357 $8.54 $25,136 1.80% -18.74% December 31, 2000 1,403,629 10.51 14,747 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 3,446,273 $8.53 $29,397 1.90% -18.76% December 31, 2000 993,651 10.50 10,430 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-60
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LARGE CAP VALUE SERIES - VALUE September 30, 2001 62,128 $8.67 $538 0.90% -18.13% December 31, 2000 27,079 10.59 287 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS ONE September 30, 2001 185 $8.73 $2 0.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS ONE ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 335,110 $8.54 $2,862 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - LANDMARK - 7% SOLUTION September 30, 2001 $44,959 $8.51 $382 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS ONE ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 35,630 $8.51 $303 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS ONE ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 129,802 $8.50 $1,103 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-61
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LARGE CAP VALUE SERIES - ACCESS ONE ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 31,779 $8.49 $270 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGE CAP VALUE SERIES - ACCESS ONE ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 74,873 $8.48 $635 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - DVA 80 September 30, 2001 35,787 $14.41 $515 0.80% -17.75% December 31, 2000 37,384 17.52 655 0.80% -5.50% December 31, 1999 47,687 18.54 884 0.80% 22.38% December 31, 1998 59,349 15.15 899 0.80% -30.12% December 31, 1997 109,104 21.68 2,366 0.80% 5.30% HARD ASSETS SERIES - DVA September 30, 2001 260,551 $14.05 $3,661 1.00% -17.84% December 31, 2000 309,343 17.10 5,290 1.00% -5.68% December 31, 1999 447,125 18.13 8,107 1.00% 22.09% December 31, 1998 752,975 14.85 11,178 1.00% -30.28% December 31, 1997 1,137,136 21.30 24,217 1.00% 5.12% HARD ASSETS SERIES - DVA SERIES 100 September 30, 2001 10,369 $13.43 $139 1.35% -18.06% December 31, 2000 $11,245 16.39 184 1.35% -6.02% December 31, 1999 21,674 17.44 378 1.35% 21.70% December 31, 1998 23,997 14.33 344 1.35% -30.54% December 31, 1997 32,428 20.63 669 1.35% 4.72% HARD ASSETS SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 75,858 $13.62 $1,033 1.25% -18.05% December 31, 2000 83,792 16.62 1,392 1.25% -5.89% December 31, 1999 112,564 17.66 1,988 1.25% 21.79% December 31, 1998 146,678 14.50 2,126 1.25% -30.46% December 31, 1997 154,417 20.85 3,219 1.25% 4.85% S-62
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ HARD ASSETS SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 11,321 $13.52 $153 1.30% -18.06% December 31, 2000 2,937 16.50 49 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 290,026 $13.37 $3,878 1.40% -18.08% December 31, 2000 309,819 16.32 5,056 1.40% -6.04% December 31, 1999 355,052 17.37 6,168 1.40% 21.64% December 31, 1998 258,034 14.28 3,685 1.40% -30.58% December 31, 1997 90,379 20.57 1,859 1.40% 4.68% HARD ASSETS SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 104,369 $13.26 $1,384 1.45% -18.15% December 31, 2000 57,353 16.20 929 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - - HARD ASSETS SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 520,690 $13.11 $6,826 1.55% -18.22% December 31, 2000 598,436 16.03 9,592 1.55% -6.20% December 31, 1999 696,931 17.09 11,909 1.55% 21.46% December 31, 1998 609,087 14.07 8,570 1.55% -30.66% December 31, 1997 637,191 20.29 12,932 1.55% 4.50% HARD ASSETS SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 22,879 $13.01 $298 1.60% -18.23% December 31, 2000 17,608 15.91 280 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-63
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ HARD ASSETS SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 16,658 $12.92 $215 1.65% -18.28% December 31, 2000 5,200 15.81 82 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 732,161 $12.84 $9,401 1.70% -18.32% December 31, 2000 861,668 15.72 13,543 1.70% -6.32% December 31, 1999 565,255 16.78 9,486 1.70% 21.24% December 31, 1998 210,821 13.84 2,917 1.70% -30.77% December 31, 1997 13,179 19.99 263 1.70% * HARD ASSETS SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 31,882 $12.76 $407 1.75% -18.31% December 31, 2000 18,820 15.62 294 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 85,067 $12.68 $1,079 1.80% -18.35% December 31, 2000 42,632 15.53 662 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 355,543 $12.52 $4,451 1.90% -18.38% December 31, 2000 227,856 15.34 3,495 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - VALUE September 30, 2001 26,703 $14.23 $380 90.00% -17.79% December 31, 2000 337 17.31 6 90.00% -5.56% December 31, 1999 497 18.33 9 90.00% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-64
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ HARD ASSETS SERIES - ACCESS ONE, ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 64,012 $12.60 $806 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - LANDMARK - 7% SOLUTION September 30, 2001 $2,368 $12.35 $29 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 9,104 $12.28 $112 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 1,890 $12.20 $23 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 2,575 $12.12 $31 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HARD ASSETS SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 1,027 $11.96 $12 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-65
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ALL CAP SERIES - DVA September 30, 2001 35,906 $10.56 $379 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - DVA SERIES 100 September 30, 2001 3,381 $10.50 $36 1.35% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 103,204 $10.52 $1,086 1.25% -9.39% December 31, 2000 $51,500 11.61 598 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 19,417 $10.51 $2,306 1.30% -9.47% December 31, 2000 80,308 11.61 932 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE 2000), ES II September 30, 2001 3,626,349 $10.49 $38,041 1.40% -9.49% December 31, 2000 2,182,516 11.59 25,306 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 3,038,199 $10.48 $31,840 1.45% -9.58% December 31, 2000 1,200,520 11.59 13,913 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-66
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ALL CAP SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 1,802,723 $10.47 $18,875 1.55% -9.59% December 31, 2000 1,155,496 11.58 13,379 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,105,848 $10.46 $11,567 1.60% -9.59% December 31, 2000 819,316 11.57 9,482 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 576,525 $10.45 $6,025 1.65% -9.68% December 31, 2000 70,600 11.57 817 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 3,411,689 $10.44 $35,618 1.70% -9.69% December 31, 2000 1,620,720 11.56 18,740 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 630,743 $10.43 $6,579 1.75% -9.78% December 31, 2000 98,842 11.56 1,142 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 2,173,258 $10.42 $22,645 1.80% -9.78% December 31, 2000 780,053 11.55 9,011 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-67
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ALL CAP SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 3,448,130 $10.40 $35,861 1.90% -9.88% December 31, 2000 986,100 11.54 11,381 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - VALUE September 30, 2001 42,237 $10.58 $447 0.90% -9.18% December 31, 2000 15,599 11.65 182 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 281,784 $10.41 $2,933 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 548 $10.39 $6 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - LANDMARK - 7% SOLUTION September 30, 2001 52,334 $10.39 $544 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 38,180 $10.38 $396 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-68
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ALL CAP SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 90,084 $10.37 $934 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 22,285 $10.36 $231 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALL CAP SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 70,617 $10.34 $730 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - DVA 80 September 30, 2001 13,854 $29.58 $410 0.80% 3.46% December 31, 2000 16,523 28.59 472 0.80% 29.95% December 31, 1999 17,899 22.00 394 0.80% -4.60% December 31, 1998 34,664 23.06 799 0.80% -14.15% December 31, 1997 88,628 26.86 2,380 0.80% 21.83% REAL ESTATE SERIES - DVA September 30, 2001 377,151 $28.83 $10,873 1.00% 3.30% December 31, 2000 464,383 27.91 12,962 1.00% 29.69% December 31, 1999 703,624 21.52 15,144 1.00% -4.78% December 31, 1998 1,158,462 22.60 26,182 1.00% -14.33% December 31, 1997 1,522,527 26.38 40,160 1.00% 21.57% REAL ESTATE SERIES - DVA SERIES 100 September 30, 2001 6,418 $27.57 $177 1.35% 3.03% December 31, 2000 6,470 26.76 173 1.35% 29.28% December 31, 1999 7,595 20.70 157 1.35% -5.13% December 31, 1998 9,562 21.82 209 1.35% -14.60% December 31, 1997 22,395 25.55 572 1.35% 21.11% S-69
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ REAL ESTATE SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 114,811 $27.96 $3,210 1.25% 3.10% December 31, 2000 130,114 27.12 3,529 1.25% 29.39% December 31, 1999 136,122 20.96 2,854 1.25% -5.03% December 31, 1998 170,494 22.07 3,763 1.25% -14.52% December 31, 1997 173,241 25.82 4,473 1.25% 21.25% REAL ESTATE SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 24,318 $27.75 $675 1.30% 3.04% December 31, 2000 7,229 26.93 195 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 890,819 $27.43 $24,435 1.40% 2.97% December 31, 2000 1,006,919 26.64 5,589 1.40% 29.19% December 31, 1999 534,577 20.62 11,024 1.40% -5.15% December 31, 1998 436,867 21.74 9,498 1.40% -14.68% December 31, 1997 135,993 25.48 3,465 1.40% 21.09% REAL ESTATE SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 470,755 $27.22 $12,814 1.45% 2.95% December 31, 2000 211,380 26.44 26,821 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 721,802 $26.91 $19,424 1.55% 2.87% December 31, 2000 738,550 26.16 19,321 1.55% 28.99% December 31, 1999 742,363 20.28 15,059 1.55% -5.32% December 31, 1998 914,501 21.42 19,588 1.55% -14.80% December 31, 1997 897,320 25.14 22,556 1.55% 20.90% S-70
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ REAL ESTATE SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 116,522 $26.70 $3,111 1.60% 2.81% December 31, 2000 86,644 25.97 2,250 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 55,167 $26.53 $1,464 1.65% 2.79% December 31, 2000 12,612 25.81 326 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 901,067 $26.36 $23,752 1.70% 2.77% December 31, 2000 826,871 25.65 21,212 1.70% 28.77% December 31, 1999 554,454 19.92 11,045 1.70% -5.46% December 31, 1998 426,516 21.07 8,985 1.70% -14.90% December 31, 1997 45,472 24.76 1,125 1.70% * REAL ESTATE SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 70,909 $26.19 $1,857 1.75% 2.71% December 31, 2000 25,056 25.50 639 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 217,926 $26.02 $5,671 1.80% 2.68% December 31, 2000 77,442 25.34 1,963 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 367,699 $25.69 $9,446 1.90% 2.60% December 31, 2000 192,508 25.04 4,820 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-71
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ REAL ESTATE SERIES - VALUE September 30, 2001 19,118 $29.21 $559 0.90% 3.40% December 31, 2000 1,113 28.25 31 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ACCESS ONE September 30, 2001 74 $30.74 $2 0.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 43,248 $25.86 $1,118 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - LANDMARK - 7% SOLUTION September 30, 2001 896 $25.36 $23 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 5,058 $25.20 $128 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 1,662 $25.03 $42 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-72
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ REAL ESTATE SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 3,768 $24.87 $94 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - REAL ESTATE SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 13,021 $24.55 $320 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - DVA 80 September 30, 2001 37,562 $29.00 $1,089 0.80% 3.76% December 31, 2000 41,530 27.95 1,160 0.80% 21.00% December 31, 1999 56,149 23.10 1,297 0.80% 6.06% December 31, 1998 98,853 21.78 2,153 0.80% 5.07% December 31, 1997 130,310 20.73 2,701 0.80% 14.44% FULLY MANAGED SERIES - DVA September 30, 2001 1,460,868 $28.27 $41,299 1.00% 3.63% December 31, 2000 1,795,012 27.28 48,972 1.00% 20.76% December 31, 1999 2,766,340 22.59 62,500 1.00% 5.86% December 31, 1998 4,133,650 21.34 88,227 1.00% 4.81% December 31, 1997 5,032,148 20.36 102,451 1.00% 14.20% FULLY MANAGED SERIES - DVA SERIES 100 September 30, 2001 26,010 $27.02 $703 1.35% 3.33% December 31, 2000 26,037 26.15 681 1.35% 20.34% December 31, 1999 28,071 21.73 610 1.35% 5.43% December 31, 1998 33,313 20.61 686 1.35% 4.51% December 31, 1997 36,340 19.72 717 1.35% 13.76% FULLY MANAGED SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 450,920 $27.41 $12,360 1.25% 3.39% December 31, 2000 473,557 26.51 12,553 1.25% 20.45% December 31, 1999 549,088 22.01 12,084 1.25% 5.61% December 31, 1998 544,623 20.84 11,351 1.25% 4.57% December 31, 1997 418,686 19.93 8,345 1.25% 13.91% S-73
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ FULLY MANAGED SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 117,448 $27.21 $3,196 1.30% 3.38% December 31, 2000 30,174 26.32 794 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 4,154,049 $26.89 $111,703 1.40% 3.26% December 31, 2000 3,264,322 26.04 84,988 1.40% 20.28% December 31, 1999 2,546,588 21.65 55,126 1.40% 5.46% December 31, 1998 1,628,157 20.53 33,431 1.40% 4.43% December 31, 1997 414,805 19.66 8,157 1.40% 13.71% FULLY MANAGED SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,762,048 $26.69 $47,029 1.45% 3.29% December 31, 2000 507,008 25.84 13,103 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 3,559,113 $26.39 $93,925 1.55% 3.21% December 31, 2000 3,165,782 25.57 80,951 1.55% 20.10% December 31, 1999 3,304,306 21.29 70,358 1.55% 5.24% December 31, 1998 2,780,652 20.23 56,246 1.55% 4.28% December 31, 1997 1,766,390 19.40 34,271 1.55% 13.55% FULLY MANAGED SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 458,283 $26.18 $11,998 1.60% 3.15% December 31, 2000 185,069 25.38 4,697 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-74
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ FULLY MANAGED SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 336,189 $26.01 $8,744 1.65% 3.09% December 31, 2000 61,545 25.23 1,552 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 4,403,937 $25.84 $113,798 1.70% 3.07% December 31, 2000 3,237,449 25.07 81,175 1.70% 19.89% December 31, 1999 3,118,319 20.91 65,207 1.70% 5.08% December 31, 1998 1,727,706 19.90 34,373 1.70% 4.13% December 31, 1997 108,930 19.11 2,082 1.70% * FULLY MANAGED SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 322,690 $25.68 $8,287 1.75% 3.05% December 31, 2000 15,600 24.92 389 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,555,255 $25.51 $39,675 1.80% 2.99% December 31, 2000 400,243 24.77 9,915 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,451,822 $25.18 $36,557 1.90% 2.90% December 31, 2000 183,884 24.47 4,500 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - VALUE September 30, 2001 36,677 $28.63 $1,050 0.90% 3.66% December 31, 2000 8,003 27.62 221 0.90% 20.88% December 31, 1999 1,564 22.85 36 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-75
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ FULLY MANAGED SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 166,487 $25.35 $4,221 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - LANDMARK - 7% SOLUTION September 30, 2001 14,489 $24.86 $360 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 14,156 $24.70 $350 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 32,683 $24.54 $802 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 18,077 $24.38 $441 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FULLY MANAGED SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 43,596 $24.07 $1,049 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-76
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EQUITY INCOME SERIES - DVA 80 September 30, 2001 133,850 $23.98 $3,209 0.80% -6.58% December 31, 2000 163,007 25.67 4,184 0.80% 12.05% December 31, 1999 227,648 22.91 5,216 0.80% -1.50% December 31, 1998 420,357 23.26 9,778 0.80% 7.39% December 31, 1997 551,677 21.66 11,950 0.80% 16.48% EQUITY INCOME SERIES - DVA September 30, 2001 2,598,808 $23.38 $60,760 1.00% -6.70% December 31, 2000 3,173,809 25.06 79,531 1.00% 11.83% December 31, 1999 5,014,068 22.41 112,377 1.00% -1.71% December 31, 1998 7,799,102 22.80 177,844 1.00% 7.14% December 31, 1997 9,651,400 21.28 205,341 1.00% 16.28% EQUITY INCOME SERIES - DVA SERIES 100 September 30, 2001 38,296 $22.35 $856 1.35% -6.95% December 31, 2000 41,479 24.02 996 1.35% 11.41% December 31, 1999 52,427 21.56 1,130 1.35% -2.04% December 31, 1998 64,749 22.01 1,425 1.35% 6.79% December 31, 1997 86,050 20.61 1,773 1.35% 15.84% EQUITY INCOME SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 296,678 $22.67 $6,725 1.25% -6.90% December 31, 2000 324,404 24.35 7,898 1.25% 11.54% December 31, 1999 381,468 21.83 8,327 1.25% -1.98% December 31, 1998 395,764 22.27 8,812 1.25% 6.91% December 31, 1997 328,740 20.83 6,847 1.25% 15.98% EQUITY INCOME SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 77,461 $22.50 $1,743 1.30% -6.91% December 31, 2000 24,472 24.17 591 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 2,615,214 $22.25 $58,189 1.40% -6.94% December 31, 2000 2,309,476 23.91 55,228 1.40% 11.36% December 31, 1999 2,014,453 21.47 43,259 1.40% -2.14% December 31, 1998 800,489 21.94 17,560 1.40% 6.76% December 31, 1997 255,396 20.55 5,248 1.40% 15.79% S-7
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EQUITY INCOME SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,229,523 $22.07 $27,135 1.45% -7.03% December 31, 2000 470,889 23.74 11,178 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 2,317,425 $21.82 $50,566 1.55% -7.11% December 31, 2000 2,237,389 23.49 52,548 1.55% 11.22% December 31, 1999 2,523,887 21.12 53,311 1.55% -2.27% December 31, 1998 1,980,779 21.61 42,806 1.55% 6.56% December 31, 1997 1,485,966 20.28 30,129 1.55% 15.64% EQUITY INCOME SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 371,630 $21.65 $8,045 1.60% -7.12% December 31, 2000 225,138 23.31 5,248 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 299,389 $21.51 $6,440 1.65% -7.16% December 31, 2000 79,161 23.17 1,834 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 2,985,218 $21.37 $63,794 1.70% -7.21% December 31, 2000 2,552,792 23.03 58,792 1.70% 11.04% December 31, 1999 2,294,950 20.74 47,606 1.70% -2.45% December 31, 1998 744,366 21.26 15,822 1.70% 6.46% December 31, 1997 35,953 19.97 718 1.70% * EQUITY INCOME SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 245,234 $21.24 $5,208 1.75% -7.21% December 31, 2000 30,890 22.89 707 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-78
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EQUITY INCOME SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 876,051 $21.10 $18,484 1.80% -7.25% December 31, 2000 311,484 22.75 7,087 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 981,078 $20.83 $20,435 1.90% -7.34% December 31, 2000 238,986 22.48 5,372 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - VALUE September 30, 2001 28,406 $23.68 $672 0.90% -6.62% December 31, 2000 22,752 25.36 577 0.90% 11.92% December 31, 1999 2,555 22.66 58 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - ACCESS ONE September 30, 2001 875 $24.92 $22 0.50% -6.35% December 31, 2000 833 26.61 22 0.50% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 109,862 $20.96 $2,302 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - LANDMARK - 7% SOLUTION September 30, 2001 20,704 $20.56 $426 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-79
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EQUITY INCOME SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 8,906 $20.43 $182 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 36,139 $20.30 $734 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 14,648 $20.17 $295 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY INCOME SERIES - September 30, 2001 13,162 $19.91 $262 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - DVA 80 September 30, 2001 17,442 $20.78 $363 0.80% -21.56% December 31, 2000 18,401 26.49 487 0.80% -15.90% December 31, 1999 54,304 31.50 1,710 0.80% 23.67% December 31, 1998 90,966 25.47 2,317 0.80% 11.76% December 31, 1997 125,546 22.79 2,861 0.80% 27.92% CAPITAL APPRECIATION SERIES - DVA September 30, 2001 1,570,888 $20.40 $32,046 1.00% -21.63% December 31, 2000 2,026,254 26.03 52,747 1.00% -16.06% December 31, 1999 3,034,250 31.01 94,106 1.00% 23.40% December 31, 1998 4,689,939 25.13 117,875 1.00% 11.54% December 31, 1997 5,724,823 22.53 128,989 1.00% 27.66% S-80
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL APPRECIATION SERIES - DVA SERIES 100 September 30, 2001 22,015 $19.72 $434 1.35% -21.87% December 31, 2000 25,937 25.24 655 1.35% -16.37% December 31, 1999 29,781 30.18 899 1.35% 22.93% December 31, 1998 49,076 24.55 1,205 1.35% 11.19% December 31, 1997 46,932 22.08 1,036 1.35% 27.20% CAPITAL APPRECIATION SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 369,488 $19.94 $7,368 1.25% -21.80% December 31, 2000 453,894 25.50 11,575 1.25% -16.28% December 31, 1999 431,150 30.46 13,132 1.25% 23.07% December 31, 1998 413,115 24.75 10,223 1.25% 11.29% December 31, 1997 353,774 22.24 7,868 1.25% 27.35% CAPITAL APPRECIATION SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 152,791 $19.82 $3,029 1.30% -21.85% December 31, 2000 97,043 25.36 2,461 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 3,351,110 $19.66 $65,883 1.40% -21.89% December 31, 2000 3,626,696 25.17 91,289 1.40% -16.41% December 31, 1999 2,412,721 30.11 72,649 1.40% 22.90% December 31, 1998 1,342,757 24.50 32,897 1.40% 11.11% December 31, 1997 312,229 22.05 6,885 1.40% 27.14% CAPITAL APPRECIATION SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,731,016 $19.54 $33,824 1.45% -21.93% December 31, 2000 1,210,622 25.03 30,300 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-81
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL APPRECIATION SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 3,806,839 $19.38 $73,777 1.55% -22.01% December 31, 2000 4,174,489 24.85 103,716 1.55% -16.53% December 31, 1999 3,839,680 29.77 114,290 1.55% 22.71% December 31, 1998 2,787,732 24.26 67,619 1.55% 10.93% December 31, 1997 1,772,316 21.87 38,752 1.55% 26.99% CAPITAL APPRECIATION SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 923,423 $19.26 $17,785 1.60% -22.02% December 31, 2000 847,242 24.70 20,927 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 283,338 $19.17 $5,432 1.65% -22.04% December 31, 2000 124,676 24.59 3,066 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - September 30, 2001 4,148,488 $19.08 $79,154 1.70% -22.06% December 31, 2000 4,496,266 24.48 110,086 1.70% -16.68% December 31, 1999 3,574,164 29.38 104,999 1.70% 22.52% December 31, 1998 1,023,964 23.98 24,551 1.70% 10.76% December 31, 1997 69,624 21.65 1,507 1.70% * CAPITAL APPRECIATION SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 347,985 $18.99 $6,608 1.75% -22.11% December 31, 2000 109,154 24.38 2,661 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,426,977 $18.90 $26,970 1.80% -22.13% December 31, 2000 981,676 24.27 23,825 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-82
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL APPRECIATION SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,568,864 $18.72 $29,369 1.90% -22.19% December 31, 2000 969,120 24.06 23,314 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - VALUE September 30, 2001 38,940 $20.59 $802 0.90% -21.59% December 31, 2000 31,436 26.26 825 0.90% -15.99% December 31, 1999 5,832 31.26 182 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - VALUE ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 68,629 $18.81 $1,310 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - LANDMARK - 7% SOLUTION September 30, 2001 10,568 $18.54 $196 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 15,006 $18.45 $277 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 14,730 $18.36 $271 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-83
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL APPRECIATION SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 5,598 $18.27 $102 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL APPRECIATION SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 17,480 $18.10 $316 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - DVA 80 September 30, 2001 21,750 $20.55 $447 0.80% -21.02% December 31, 2000 36,302 26.02 944 0.80% -2.87% December 31, 1999 48,495 26.79 1,299 0.80% 14.93% December 31, 1998 139,495 23.31 3,251 0.80% 13.27% December 31, 1997 185,857 20.58 3,826 0.80% 28.75% RISING DIVIDENDS SERIES - DVA September 30, 2001 1,634,016 $20.22 $33,040 1.00% -21.14% December 31, 2000 2,135,681 25.64 54,757 1.00% -3.10% December 31, 1999 3,167,912 26.46 83,810 1.00% 14.74% December 31, 1998 4,465,604 23.06 102,983 1.00% 12.98% December 31, 1997 4,885,378 20.41 99,708 1.00% 28.53% RISING DIVIDENDS SERIES - DVA SERIES 100 September 30, 2001 42,790 $19.66 $841 1.35% -21.33% December 31, 2000 51,586 24.99 1,289 1.35% -3.44% December 31, 1999 62,149 25.88 1,608 1.35% 14.31% December 31, 1998 92,161 22.64 2,086 1.35% 12.58% December 31, 1997 85,890 20.11 1,727 1.35% 28.11% RISING DIVIDENDS SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 1,020,054 $19.84 $20,238 1.25% -21.30% December 31, 2000 1,150,706 25.21 29,006 1.25% -3.30% December 31, 1999 1,251,144 26.07 32,623 1.25% 14.39% December 31, 1998 1,199,087 22.79 27,323 1.25% 12.71% December 31, 1997 795,321 20.22 16,079 1.25% 28.23% S-84
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RISING DIVIDENDS SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 172,141 $19.74 $3,398 1.30% -21.32% December 31, 2000 95,313 25.09 2,391 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 7,381,618 $19.61 $144,753 1.40% -21.37% December 31, 2000 8,035,273 24.94 200,360 1.40% -3.45% December 31, 1999 7,496,161 25.83 193,646 1.40% 15.16% December 31, 1998 4,591,470 22.61 103,810 1.40% 11.65% December 31, 1997 853,473 20.09 17,146 1.40% 28.01% RISING DIVIDENDS SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,598,556 $19.50 $31,172 1.45% -21.40% December 31, 2000 1,073,372 24.81 26,632 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 8,734,394 $19.38 $169,273 1.55% -21.44% December 31, 2000 9,797,332 24.67 241,653 1.55% -3.60% December 31, 1999 10,160,317 25.59 260,024 1.55% 14.09% December 31, 1998 7,386,288 22.43 165,696 1.55% 12.37% December 31, 1997 3,706,709 19.96 73,999 1.55% 27.79% RISING DIVIDENDS SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 514,097 $19.27 $9,907 1.60% -21.48% December 31, 2000 440,779 24.54 10,816 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-85
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RISING DIVIDENDS SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 700,642 $19.19 $13,445 1.65% -21.51% December 31, 2000 428,500 24.45 10,477 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 9,084,472 $19.11 $173,604 1.70% -21.55% December 31, 2000 9,922,551 24.36 241,712 1.70% -3.75% December 31, 1999 9,473,482 25.31 239,807 1.70% 13.91% December 31, 1998 4,305,084 22.22 95,669 1.70% 12.17% December 31, 1997 179,402 19.81 3,553 1.70% * RISING DIVIDENDS SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 384,494 $19.04 $7,321 1.75% -21.55% December 31, 2000 119,426 24.27 2,898 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,331,758 $18.95 $25,237 1.80% -21.63% December 31, 2000 803,307 24.18 19,425 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,357,290 $18.80 $25,517 1.90% -21.67% December 31, 2000 713,282 24.00 17,122 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - VALUE September 30, 2001 37,004 $20.39 $754 0.90% -21.06% December 31, 2000 33,143 25.83 856 0.90% -2.97% December 31, 1999 10,416 26.62 277 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-86
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RISING DIVIDENDS SERIES - ACCESS ONE September 30, 2001 48 $21.05 $1 0.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 53,470 $18.88 $1,010 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 44 $18.73 $1 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - LANDMARK - 7% SOLUTION September 30, 2001 20,629 $18.65 $385 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 13,511 $18.58 $251 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 23,644 $18.50 $437 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-87
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RISING DIVIDENDS SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 7,346 $18.43 $135 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RISING DIVIDENDS SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 8,922 $18.28 $163 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - DVA 80 September 30, 2001 6,381 $17.10 $109 0.80% -15.14% December 31, 2000 7,265 20.15 146 0.80% 7.93% December 31, 1999 17,173 18.67 321 0.80% -0.32% December 31, 1998 29,442 18.73 552 0.80% 0.75% December 31, 1997 58,265 18.59 1,083 0.80% 26.27% VALUE EQUITY SERIES - DVA September 30, 2001 329,441 $16.87 $5,558 1.00% -15.27% December 31, 2000 402,922 19.91 8,021 1.00% 7.68% December 31, 1999 650,130 18.49 12,018 1.00% -0.48% December 31, 1998 1,052,008 18.58 19,542 1.00% 0.54% December 31, 1997 1,369,251 18.48 25,301 1.00% 26.02% VALUE EQUITY SERIES - DVA SERIES 100 September 30, 2001 13,109 $16.47 $216 1.35% -15.50% December 31, 2000 11,002 19.49 214 1.35% 7.32% December 31, 1999 13,030 18.16 237 1.35% -0.87% December 31, 1998 20,539 18.32 376 1.35% 0.22% December 31, 1997 24,986 18.28 457 1.35% 25.53% VALUE EQUITY SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 333,410 $16.61 $5,538 1.25% -15.38% December 31, 2000 373,943 19.63 7,342 1.25% 7.39% December 31, 1999 433,555 18.28 7,924 1.25% -0.71% December 31, 1998 454,942 18.41 8,377 1.25% 0.27% December 31, 1997 372,681 18.36 6,843 1.25% 25.68% S-88
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ VALUE EQUITY SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 49,277 $16.53 $815 1.30% -15.45% December 31, 2000 23,912 19.55 468 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 2,304,705 $16.44 $37,889 1.40% -15.52% December 31, 2000 2,586,369 19.46 50,333 1.40% 7.28% December 31, 1999 1,825,971 18.14 33,129 1.40% -0.93% December 31, 1998 1,415,540 18.31 25,913 1.40% 0.16% December 31, 1997 469,649 18.28 8,586 1.40% 25.49% VALUE EQUITY SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 729,601 $16.36 $11,936 1.45% -15.58% December 31, 2000 472,034 19.38 9,146 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 2,453,994 $16.27 $39,927 1.55% -15.66% December 31, 2000 2,589,777 19.29 49,949 1.55% 7.11% December 31, 1999 2,709,066 18.01 48,787 1.55% -1.04% December 31, 1998 2,736,310 18.20 49,797 1.55% 0.00% December 31, 1997 1,793,172 18.20 32,639 1.55% 25.30% VALUE EQUITY SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 235,486 $16.20 $3,815 1.60% -15.63% December 31, 2000 143,195 19.20 2,749 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-89
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ VALUE EQUITY SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 140,781 $16.14 $2,272 1.65% -15.67% December 31, 2000 41,973 19.14 803 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 2,266,972 $16.08 $36,453 1.70% -15.72% December 31, 2000 2,230,349 19.08 42,553 1.70% 6.95% December 31, 1999 1,956,244 17.84 34,902 1.70% -1.22% December 31, 1998 1,201,314 18.06 21,692 1.70% -0.17% December 31, 1997 118,902 18.09 2,150 1.70% * VALUE EQUITY SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 109,804 $16.03 $1,760 1.75% -15.76% December 31, 2000 10,293 19.03 196 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 538,987 $15.98 $8,613 1.80% -15.76% December 31, 2000 298,983 18.97 5,672 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 498,678 $15.87 $7,867 1.90% -15.81% December 31, 2000 162,505 18.85 3,064 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - VALUE September 30, 2001 7,755 $16.98 $132 0.90% -15.18% December 31, 2000 3,296 20.02 66 0.90% 7.75% December 31, 1999 3,333 18.58 62 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-90
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ VALUE EQUITY SERIES - VALUE VA OPTION II September 30, 2001 510 $16.58 $9 0.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - VALUE VA BONUS OPTION I September 30, 2001 669 $16.36 $11 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - VALUE ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 46,949 $15.92 $748 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - LANDMARK - 7% SOLUTION September 30, 2001 14,013 $15.76 $221 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 8,661 $15.71 $136 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - VALUE ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 20,935 $15.65 $328 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-91
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ VALUE EQUITY SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 4,882 $15.60 $76 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE EQUITY SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 10,195 $15.49 $158 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - DVA 80 September 30, 2001 19,549 $12.12 $237 0.80% -37.88% December 31, 2000 33,313 19.51 650 0.80% -13.13% December 31, 1999 18,395 22.46 413 0.80% 55.00% December 31, 1998 53,353 14.49 773 0.80% 0.00% December 31, 1997 102,523 14.49 1,485 0.80% 22.18% STRATEGIC EQUITY SERIES - DVA September 30, 2001 206,413 $11.97 $2,471 1.00% -37.98% December 31, 2000 277,049 19.30 5,348 1.00% -13.34% December 31, 1999 419,542 22.27 9,345 1.00% 54.65% December 31, 1998 772,105 14.40 11,117 1.00% -0.14% December 31, 1997 1,011,370 14.42 14,587 1.00% 21.89% STRATEGIC EQUITY SERIES - DVA SERIES 100 September 30, 2001 9,145 $11.72 $107 1.35% -38.15% December 31, 2000 9,208 18.95 174 1.35% -13.63% December 31, 1999 6,159 21.94 135 1.35% 54.18% December 31, 1998 22,096 14.23 315 1.35% -0.56% December 31, 1997 34,778 14.31 498 1.35% 21.50% STRATEGIC EQUITY SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 375,177 $11.81 $4,431 1.25% -38.07% December 31, 2000 469,023 19.07 8,946 1.25% -13.55% December 31, 1999 455,696 22.06 10,053 1.25% 54.27% December 31, 1998 508,588 14.30 7,272 1.25% -0.42% December 31, 1997 406,747 14.36 5,840 1.25% 21.64% S-92
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ STRATEGIC EQUITY SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 130,332 $11.76 $1,533 1.30% -38.11% December 31, 2000 107,927 19.00 2,051 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 3,821,905 $11.70 $44,716 1.40% -38.16% December 31, 2000 4,824,610 18.92 91,300 1.40% -13.69% December 31, 1999 2,450,796 21.92 53,725 1.40% 54.04% December 31, 1998 1,105,850 14.23 15,735 1.40% -0.56% December 31, 1997 554,068 14.31 7,929 1.40% 21.43% STRATEGIC EQUITY SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,058,082 $11.65 $23,976 1.45% -38.20% December 31, 2000 1,797,957 18.85 33,893 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 2,756,353 $11.60 $31,973 1.55% -38.23% December 31, 2000 3,565,530 18.78 66,946 1.55% -13.77% December 31, 1999 2,655,079 21.78 57,835 1.55% 53.81% December 31, 1998 1,731,615 14.16 24,521 1.55% -0.70% December 31, 1997 1,361,070 14.26 19,414 1.55% 21.22% STRATEGIC EQUITY SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,080,367 $11.55 $12,478 1.60% -38.24% December 31, 2000 1,149,145 18.70 21,490 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-93
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ STRATEGIC EQUITY SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 299,449 $11.51 $3,446 1.65% -38.28% December 31, 2000 185,121 18.65 3,453 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 3,552,138 $11.47 $40,743 1.70% -38.33% December 31, 2000 4,283,689 18.60 79,684 1.70% -13.93% December 31, 1999 3,050,564 21.61 65,934 1.70% 53.59% December 31, 1998 827,477 14.07 11,644 1.70% -0.92% December 31, 1997 49,579 14.20 704 1.70% * STRATEGIC EQUITY SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 280,083 $11.44 $3,204 1.75% -38.33% December 31, 2000 149,363 18.55 2,771 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,348,902 $11.41 $15,391 1.80% -38.32% December 31, 2000 1,203,898 18.50 22,276 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,382,523 $11.34 $15,678 1.90% -38.37% December 31, 2000 1,103,423 18.40 20,308 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - VALUE September 30, 2001 - - - - - December 31, 2000 22,904 $19.41 $444 0.90% -13.23% December 31, 1999 3,862 22.37 86 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-94
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ STRATEGIC EQUITY SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 44,201 $11.37 $502 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 62 $11.30 $1 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - LANDMARK - 7% SOLUTION September 30, 2001 14,522 $11.27 $164 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 4,007 $11.23 $45 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 1,553 $11.20 $17 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - STRATEGIC EQUITY SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 5,137 $11.17 $57 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-95
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ STRATEGIC EQUITY SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 3,466 $11.10 $38 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - DVA 80 September 30, 2001 17,663 $14.67 $259 0.80% -22.63% December 31, 2000 21,812 18.96 413 0.80% -18.91% December 31, 1999 21,044 23.38 492 0.80% 49.39% December 31, 1998 46,417 15.65 726 0.80% 20.02% December 31, 1997 42,479 13.04 554 0.80% 9.45% SMALL CAP SERIES - DVA September 30, 2001 281,641 $14.50 $4,084 1.00% -22.75% December 31, 2000 372,242 18.77 6,987 1.00% -19.06% December 31, 1999 506,667 23.19 11,751 1.00% 49.13% December 31, 1998 701,203 15.55 10,908 1.00% 19.71% December 31, 1997 895,702 12.99 11,632 1.00% 9.25% SMALL CAP SERIES - DVA SERIES 100 September 30, 2001 11,734 $14.21 $167 1.35% -22.94% December 31, 2000 14,421 18.44 266 1.35% -19.37% December 31, 1999 14,018 22.87 320 1.35% 48.60% December 31, 1998 18,405 15.39 283 1.35% 19.30% December 31, 1997 38,537 12.90 497 1.35% 8.88% SMALL CAP SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 412,273 $14.30 $5,895 1.25% -22.87% December 31, 2000 457,260 18.54 8,476 1.25% -19.25% December 31, 1999 453,438 22.96 10,411 1.25% 48.70% December 31, 1998 446,934 15.44 6,900 1.25% 19.50% December 31, 1997 401,090 12.92 5,183 1.25% 8.94% SMALL CAP SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 180,617 $14.25 $2,574 1.30% -22.93% December 31, 2000 86,622 18.49 1,601 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-96
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL CAP SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 6,525,292 $14.17 $92,463 1.40% -22.99% December 31, 2000 6,884,993 18.40 126,665 1.40% -19.37% December 31, 1999 5,053,919 22.82 115,340 1.40% 48.47% December 31, 1998 2,476,498 15.37 38,058 1.40% 19.33% December 31, 1997 559,014 12.88 7,202 1.40% 8.76% SMALL CAP SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,366,622 $14.13 $33,440 1.45% -23.00% December 31, 2000 1,586,595 18.35 29,116 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 4,906,195 $14.05 $68,932 1.55% -23.06% December 31, 2000 5,436,276 18.26 99,255 1.55% -19.49% December 31, 1999 4,514,345 22.68 102,399 1.55% 48.24% December 31, 1998 3,086,639 15.30 47,219 1.55% 19.16% December 31, 1997 2,049,765 12.84 26,326 1.55% 8.58% SMALL CAP SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,196,347 $14.01 $16,761 1.60% -23.06% December 31, 2000 1,058,396 18.21 19,276 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 403,719 $13.97 $5,640 1.65% -23.12% December 31, 2000 184,093 18.17 3,344 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-97
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL CAP SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 4,683,539 $13.93 $65,241 1.70% -23.12% December 31, 2000 4,812,017 18.12 87,196 1.70% -19.65% December 31, 1999 3,698,983 22.55 83,400 1.70% 48.06% December 31, 1998 1,326,706 15.23 20,204 1.70% 18.89% December 31, 1997 106,014 12.81 1,357 1.70% * SMALL CAP SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 392,432 $13.89 $5,451 1.75% -23.13% December 31, 2000 140,651 18.07 2,542 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,804,449 $13.84 $24,974 1.80% -23.24% December 31, 2000 1,163,996 18.03 20,986 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,528,325 $13.76 $21,030 1.90% -23.30% December 31, 2000 825,516 17.94 14,808 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - VALUE September 30, 2001 91,493 $14.59 $1,335 0.90% -22.64% December 31, 2000 60,739 18.86 1,146 0.90% -18.99% December 31, 1999 13,606 23.28 316 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - ACCESS ONE September 30, 2001 1,141 $14.93 $17 0.50% -22.44% December 31, 2000 1,040 19.25 20 0.50% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-98
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL CAP SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 162,353 $13.81 $2,242 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - LANDMARK - 7% SOLUTION September 30, 2001 10,459 $13.68 $143 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 19,056 $13.64 $260 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 39,944 $13.60 $543 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 7,094 $13.56 $96 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 24,807 $13.49 $335 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-99
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MANAGED GLOBAL SERIES - DVA 80 September 30, 2001 14,955 $16.33 $244 0.80% -23.04% December 31, 2000 17,976 21.22 381 0.80% -15.26% December 31, 1999 33,553 25.04 840 0.80% 61.97% December 31, 1998 31,963 15.46 494 0.80% 28.30% December 31, 1997 51,316 12.05 618 0.80% 11.28% MANAGED GLOBAL SERIES - DVA September 30, 2001 1,532,710 $16.04 $24,585 1.00% -23.18% December 31, 2000 1,887,266 20.88 39,408 1.00% -15.40% December 31, 1999 2,715,682 24.68 67,035 1.00% 61.62% December 31, 1998 3,944,829 15.27 60,230 1.00% 28.00% December 31, 1997 5,055,107 11.93 60,290 1.00% 11.08% MANAGED GLOBAL SERIES - DVA SERIES 100 September 30, 2001 31,605 $15.55 $491 1.35% -23.40% December 31, 2000 34,905 20.30 709 1.35% -15.70% December 31, 1999 38,870 24.08 936 1.35% 61.07% December 31, 1998 47,894 14.95 716 1.35% 27.56% December 31, 1997 76,803 11.72 900 1.35% 10.68% MANAGED GLOBAL SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 506,121 $15.68 $7,936 1.25% -23.29% December 31, 2000 583,929 20.44 11,937 1.25% -15.64% December 31, 1999 605,044 24.23 14,658 1.25% 61.32% December 31, 1998 649,216 15.02 9,753 1.25% 27.72% December 31, 1997 525,356 11.76 6,180 1.25% 10.73% MANAGED GLOBAL SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 186,596 $15.59 $2,909 1.30% -23.32% December 31, 2000 110,792 20.33 2,253 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,655,375 $15.47 $25,609 1.40% -23.38% December 31, 2000 1,348,843 20.19 27,236 1.40% -15.77% December 31, 1999 676,401 23.97 16,211 1.40% 61.09% December 31, 1998 610,300 14.88 9,084 1.40% 27.51% December 31, 1997 443,665 11.67 5,179 1.40% 10.57% S-100
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MANAGED GLOBAL SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,726,244 $15.38 $26,550 1.45% -23.41% December 31, 2000 965,140 20.08 19,382 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 3,214,210 $15.26 $49,049 1.55% -23.47% December 31, 2000 3,496,637 19.94 69,740 1.55% -15.90% December 31, 1999 3,306,922 23.71 78,402 1.55% 60.75% December 31, 1998 3,354,682 14.75 49,469 1.55% 27.37% December 31, 1997 2,721,529 11.58 31,522 1.55% 10.41% MANAGED GLOBAL SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 775,245 $15.17 $11,760 1.60% -23.50% December 31, 2000 648,150 19.83 12,855 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 715,835 $15.10 $10,809 1.65% -23.54% December 31, 2000 406,790 19.75 8,034 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 797,712 $15.03 $11,989 1.70% -23.59% December 31, 2000 565,653 19.67 11,126 1.70% -16.01% December 31, 1999 139,357 23.42 3,263 1.70% 60.52% December 31, 1998 67,979 14.59 992 1.70% 27.20% December 31, 1997 3,479 11.47 40 1.70% * MANAGED GLOBAL SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 294,237 $14.96 $4,402 1.75% -23.63% December 31, 2000 138,197 19.59 2,707 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-101
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MANAGED GLOBAL SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,134,099 $14.89 $16,887 1.80% -23.68% December 31, 2000 621,115 19.51 12,116 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 978,251 $14.76 $14,439 1.90% -23.68% December 31, 2000 522,271 19.34 10,103 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - VALUE September 30, 2001 67,679 $16.16 $1,094 0.90% -23.08% December 31, 2000 16,170 21.01 340 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - ACCESS ONE September 30, 2001 953 $16.75 $16 0.50% -22.88% December 31, 2000 953 21.72 20 0.50% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 85,421 $14.83 $1,267 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - LANDMARK - 7% SOLUTION September 30, 2001 12,266 $14.63 $179 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-102
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MANAGED GLOBAL SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 9,092 $14.56 $132 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 35,042 $14.49 $508 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 12,423 $14.43 $179 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MANAGED GLOBAL SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 31,322 $14.30 $448 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - DVA 80 September 30, 2001 28,621 $26.70 $764 0.80% -39.21% December 31, 2000 34,806 43.92 1,529 0.80% 7.33% December 31, 1999 5,425 40.92 222 0.80% 77.60% December 31, 1998 31,935 23.04 736 0.80% 21.84% December 31, 1997 14,078 18.91 266 0.80% 18.69% MID-CAP GROWTH SERIES - DVA September 30, 2001 905,561 $26.32 $23,834 1.00% -39.31% December 31, 2000 1,208,636 43.37 52,417 1.00% 7.09% December 31, 1999 328,684 40.50 13,310 1.00% 77.32% December 31, 1998 315,603 22.84 7,210 1.00% 21.55% December 31, 1997 239,052 18.79 4,492 1.00% 18.42% S-103
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MID-CAP GROWTH SERIES - DVA SERIES 100 September 30, 2001 14,616 $25.68 $375 1.35% -39.46% December 31, 2000 21,975 42.42 932 1.35% 6.72% December 31, 1999 9,549 39.75 380 1.35% 76.67% December 31, 1998 12,309 22.50 277 1.35% 21.16% December 31, 1997 10,361 18.57 193 1.35% 18.02% MID-CAP GROWTH SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 467,588 $25.87 $12,097 1.25% -39.41% December 31, 2000 519,800 42.70 22,193 1.25% 6.83% December 31, 1999 287,598 39.97 11,494 1.25% 76.86% December 31, 1998 173,070 22.60 3,912 1.25% 21.24% December 31, 1997 85,870 18.64 1,600 1.25% 18.18% MID-CAP GROWTH SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 218,378 $25.78 $5,630 1.30% -39.43% December 31, 2000 122,975 42.56 5,234 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 6,476,393 $25.56 $165,537 1.40% -39.47% December 31, 2000 7,313,425 42.23 308,877 1.40% 6.67% December 31, 1999 4,873,150 39.59 192,951 1.40% 76.50% December 31, 1998 1,905,008 22.43 42,722 1.40% 21.11% December 31, 1997 177,125 18.52 3,280 1.40% 17.99% MID-CAP GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,836,927 $25.51 $72,370 1.45% -39.49% December 31, 2000 1,992,588 42.16 84,008 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-104
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MID-CAP GROWTH SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 5,056,654 $25.33 $128,085 1.55% -39.53% December 31, 2000 5,926,552 41.89 248,288 1.55% 6.48% December 31, 1999 3,717,260 39.34 146,221 1.55% 76.33% December 31, 1998 1,527,664 22.31 34,087 1.55% 20.92% December 31, 1997 518,640 18.45 9,571 1.55% 17.78% MID-CAP GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,316,003 $25.24 $33,216 1.60% -39.56% December 31, 2000 1,290,685 41.76 53,902 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 480,584 $25.15 $12,087 1.65% -39.59% December 31, 2000 186,073 41.63 7,746 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 5,768,581 $25.06 $144,561 1.70% -39.61% December 31, 2000 6,423,421 41.50 266,562 1.70% 6.36% December 31, 1999 4,433,019 39.02 172,992 1.70% 76.00% December 31, 1998 1,235,724 22.17 27,396 1.70% 20.75% December 31, 1997 48,346 18.36 888 1.70% * MID-CAP GROWTH SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 455,958 $24.97 $11,385 1.75% -39.64% December 31, 2000 162,554 41.37 6,725 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,825,791 $24.88 $45,426 1.80% -39.67% December 31, 2000 1,240,675 41.24 51,162 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-105
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MID-CAP GROWTH SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,987,445 $24.70 $49,090 1.90% -39.73% December 31, 2000 1,099,617 40.98 45,058 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - GRANITE PRIMELITE - STANDARD September 30, 2001 3,169 $25.87 $82 1.25% -39.41% December 31, 2000 3,616 42.70 155 1.25% 6.83% December 31, 1999 3,692 39.97 148 1.25% 76.86% December 31, 1998 981 22.60 22 1.25% 21.24% December 31, 1997 202 18.64 4 1.25% * MID-CAP GROWTH SERIES - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 25,059 $25.56 $641 1.40% -39.47% December 31, 2000 27,638 42.23 1,167 1.40% 6.67% December 31, 1999 27,138 39.59 1,075 1.40% 76.50% December 31, 1998 23,659 22.43 531 1.40% 21.11% December 31, 1997 4,122 18.52 76 1.40% * MID-CAP GROWTH SERIES - VALUE September 30, 2001 69,022 $26.52 $1,830 0.90% -39.23% December 31, 2000 48,259 43.64 2,106 0.90% 7.20% December 31, 1999 10,373 40.71 422 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS ONE September 30, 2001 53 $27.27 $1 0.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 120,860 $24.79 $2,997 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-106
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MID-CAP GROWTH SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 29 $24.62 $1 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS ONE 200 September 30, 2001 17,778 $24.53 $436 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 12,867 $24.44 $315 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 40,447 $24.36 $985 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 12,577 $24.27 $305 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MID-CAP GROWTH SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 19,324 $24.10 $466 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-107
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL GROWTH SERIES - DVA 80 September 30, 2001 4,116 $12.27 $50 0.80% -30.72% December 31, 2000 4,517 17.71 80 0.80% -17.78% December 31, 1999 3,348 21.54 72 0.80% 24.58% December 31, 1998 9,045 17.29 156 0.80% 11.05% December 31, 1997 41,266 15.57 643 0.80% 24.14% CAPITAL GROWTH SERIES - DVA September 30, 2001 222,658 $12.13 $2,701 1.00% -30.84% December 31, 2000 310,535 17.54 5,447 1.00% -17.96% December 31, 1999 390,759 21.38 8,354 1.00% 24.30% December 31, 1998 486,360 17.20 8,365 1.00% 10.90% December 31, 1997 559,791 15.51 8,685 1.00% 23.85% CAPITAL GROWTH SERIES - DVA SERIES 100 September 30, 2001 6,943 $11.90 $83 1.35% -31.01% December 31, 2000 10,129 17.25 175 1.35% -18.25% December 31, 1999 11,902 21.10 251 1.35% 23.90% December 31, 1998 9,399 17.03 160 1.35% 10.44% December 31, 1997 9,355 15.42 144 1.35% 23.47% CAPITAL GROWTH SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 539,160 $11.96 $6,448 1.25% -30.99% December 31, 2000 603,420 17.33 10,460 1.25% -18.18% December 31, 1999 598,663 21.18 12,678 1.25% 24.00% December 31, 1998 537,480 17.08 9,180 1.25% 10.55% December 31, 1997 325,440 15.45 5,027 1.25% 23.61% CAPITAL GROWTH SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 115,080 11.93 1,373 1.30% -31.00% December 31, 2000 87,080 17.29 1,506 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 6,217,395 $11.87 $73,800 140.00% -31.03% December 31, 2000 6,881,891 17.21 118,442 140.00% -18.28% December 31, 1999 5,870,532 21.06 123,629 140.00% 23.81% December 31, 1998 3,297,314 17.01 56,089 140.00% 10.38% December 31, 1997 438,636 15.41 6,758 140.00% 23.42% S-108
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,554,649 $11.83 $18,391 1.45% -31.10% December 31, 2000 1,239,023 17.17 21,271 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 5,781,412 $11.77 $68,047 1.55% -31.13% December 31, 2000 6,622,519 17.09 113,149 1.55% -18.39% December 31, 1999 6,210,698 20.94 130,038 1.55% 23.61% December 31, 1998 3,474,459 16.94 58,850 1.55% 10.29% December 31, 1997 1,288,333 15.36 19,795 1.55% 23.17% CAPITAL GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 762,872 $11.73 $8,948 1.60% -31.16% December 31, 2000 740,611 17.04 12,623 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 308,685 $11.70 $3,611 1.65% -31.18% December 31, 2000 181,294 17.00 3,083 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 7,402,690 $11.67 $86,389 1.70% -31.19% December 31, 2000 8,274,067 16.96 140,348 1.70% -18.54% December 31, 1999 7,450,249 20.82 155,103 1.70% 23.41% December 31, 1998 2,741,015 16.87 46,233 1.70% 10.12% December 31, 1997 253,936 15.32 3,891 1.70% * S-109
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL GROWTH SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 287,233 $11.64 $3,343 1.75% -31.21% December 31, 2000 116,196 16.92 1,966 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,431,262 $11.60 $16,602 1.80% -31.28% December 31, 2000 1,171,869 16.88 19,782 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,349,664 $11.54 $15,575 1.90% -31.31% December 31, 2000 874,247 16.80 14,687 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - VALUE September 30, 2001 44,814 $12.20 $547 0.90% -30.80% December 31, 2000 21,556 17.63 380 0.90% -17.85% December 31, 1999 5,650 21.46 121 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 55,696 $11.57 $644 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - LANDMARK - 7% SOLUTION September 30, 2001 11,884 $11.48 $136 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-110
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CAPITAL GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 10,446 $11.44 $119 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 29,913 $11.41 $341 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 3,914 $11.38 $44 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CAPITAL GROWTH SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 10,771 $11.32 $122 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - DVA 80 September 30, 2001 6,180 $19.05 $118 0.80% -30.45% December 31, 2000 6,559 27.39 180 0.80% -5.32% December 31, 1999 6,633 28.93 192 0.80% 23.26% December 31, 1998 14,054 23.47 330 0.80% 22.05% December 31, 1997 22,953 19.23 441 0.80% * RESEARCH SERIES - DVA September 30, 2001 235,242 $18.79 $4,420 1.00% -30.54% December 31, 2000 345,241 27.05 9,340 1.00% -5.49% December 31, 1999 431,562 28.62 12,353 1.00% 22.99% December 31, 1998 488,822 23.27 11,377 1.00% 21.77% December 31, 1997 310,066 19.11 5,924 1.00% * S-111
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RESEARCH SERIES - DVA SERIES 100 September 30, 2001 15,773 $18.33 $289 1.35% -30.73% December 31, 2000 18,310 26.46 484 1.35% -5.84% December 31, 1999 18,345 28.10 515 1.35% 22.55% December 31, 1998 20,718 22.93 475 1.35% 21.39% December 31, 1997 10,225 18.89 193 1.35% * RESEARCH SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 545,421 $18.46 $10,069 1.25% -30.68% December 31, 2000 604,614 26.63 16,103 1.25% -5.73% December 31, 1999 565,925 28.25 15,988 1.25% 22.67% December 31, 1998 437,189 23.03 10,068 1.25% 21.53% December 31, 1997 223,067 18.95 4,227 1.25% * RESEARCH SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 151,062 $18.40 $2,780 1.30% -30.70% December 31, 2000 86,539 26.55 2,298 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 7,280,053 $18.28 $133,079 1.40% -30.73% December 31, 2000 8,149,685 26.39 215,099 1.40% -5.88% December 31, 1999 6,431,948 28.04 180,345 1.40% 22.50% December 31, 1998 3,902,974 22.89 89,339 1.40% 21.30% December 31, 1997 268,126 18.87 5,058 1.40% * RESEARCH SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,235,494 $18.20 $40,686 1.45% -30.80% December 31, 2000 1,500,906 26.30 39,472 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-112
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RESEARCH SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 6,928,877 $18.07 $125,205 1.55% -30.85% December 31, 2000 7,760,199 26.13 202,800 1.55% -6.01% December 31, 1999 7,240,463 27.80 201,318 1.55% 22.31% December 31, 1998 3,875,695 22.73 88,107 1.55% 21.10% December 31, 1997 816,216 $18.77 $15,317 1.55% * RESEARCH SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,004,999 $18.01 $18,100 1.60% -30.86% December 31, 2000 973,963 26.05 25,373 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 729,950 $17.95 $13,103 1.65% -30.88% December 31, 2000 378,215 25.97 9,822 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 7,797,528 $17.88 $139,420 1.70% -30.94% December 31, 2000 8,763,559 25.89 226,859 1.70% -6.13% December 31, 1999 8,143,207 27.58 224,622 1.70% 22.09% December 31, 1998 3,674,201 22.59 82,990 1.70% 21.00% December 31, 1997 162,677 18.67 3,038 1.70% * RESEARCH SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 471,282 $17.82 $8,398 1.75% -30.96% December 31, 2000 160,258 25.81 4,135 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 156,645 $17.76 $27,717 1.80% -30.95% December 31, 2000 1,007,294 25.72 25,911 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-113
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RESEARCH SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,579,059 $17.64 $27,855 1.90% -30.99% December 31, 2000 807,166 25.56 20,632 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - GRANITE PRIMELITE - STANDARD September 30, 2001 3,050 $18.46 $56 1.25% -30.68% December 31, 2000 3,075 26.63 82 1.25% -5.73% December 31, 1999 2,544 28.25 72 1.25% 22.67% December 31, 1998 3,070 23.03 71 1.25% 21.53% December 31, 1997 102 18.95 2 1.25% * RESEARCH SERIES - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 32,664 $18.28 $597 1.45% -30.73% December 31, 2000 36,485 26.39 963 1.45% -5.88% December 31, 1999 37,387 28.04 1,048 1.45% 22.50% December 31, 1998 38,692 22.89 886 1.45% 21.30% December 31, 1997 11,534 18.87 218 1.45% * RESEARCH SERIES - VALUE September 30, 2001 79,883 $18.92 $1,512 0.90% -30.52% December 31, 2000 35,827 27.23 975 0.90% -5.39% December 31, 1999 10,661 28.78 307 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - VA OPTION II September 30, 2001 109 $18.46 $2 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - VA OPTION III September 30, 2001 241 $18.26 $4 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-114
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RESEARCH SERIES - VA BONUS OPTION I September 30, 2001 1,403 $18.20 $26 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - VA BONUS OPTION II September 30, 2001 2,107 $17.82 $38 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - VA BONUS OPTION III September 30, 2001 64 $17.63 $1 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 111,644 $17.70 $1,976 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - LANDMARK - 7% SOLUTION September 30, 2001 8,156 $17.51 $143 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 12,669 $17.44 $221 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-115
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ RESEARCH SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 60,583 $17.38 $1,053 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 9,308 $17.32 $161 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 19,519 $17.20 $336 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - RESEARCH SERIES - VA OPTION I September 30, 2001 558 $18.85 $11 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - DVA 80 September 30, 2001 3,875 $20.31 $79 0.80% -5.71% December 31, 2000 8,319 21.54 179 0.80% 15.56% December 31, 1999 9,043 18.64 168 0.80% 2.59% December 31, 1998 2,035 18.17 37 0.80% 10.66% December 31, 1997 4,765 16.42 78 0.80% * TOTAL RETURN SERIES - DVA September 30, 2001 243,640 $20.03 $4,880 1.00% -5.83% December 31, 2000 329,747 21.27 7,013 1.00% 15.35% December 31, 1999 399,197 18.44 7,361 1.00% 2.33% December 31, 1998 431,678 18.02 7,778 1.00% 10.48% December 31, 1997 206,943 16.31 3,375 1.00% * S-116
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN SERIES - DVA SERIES 100 September 30, 2001 4,553 $19.54 $89 1.35% -6.06% December 31, 2000 7,790 20.80 162 1.35% 14.92% December 31, 1999 5,119 18.10 93 1.35% 1.97% December 31, 1998 6,695 17.75 119 1.35% 10.11% December 31, 1997 4,909 16.12 79 1.35% * TOTAL RETURN SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 734,252 $19.68 $14,450 1.25% -6.02% December 31, 2000 768,269 20.94 16,086 1.25% 15.05% December 31, 1999 831,642 18.20 15,135 1.25% 2.08% December 31, 1998 616,433 17.83 10,989 1.25% 10.20% December 31, 1997 224,763 16.18 3,636 1.25% * TOTAL RETURN SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 274,056 $19.61 $5,374 1.30% -6.04% December 31, 2000 96,349 20.87 2,011 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 9,108,962 $19.48 $177,443 1.40% -6.12% December 31, 2000 9,222,546 20.75 191,336 1.40% 14.89% December 31, 1999 8,274,089 18.06 149,429 1.40% 1.92% December 31, 1998 3,982,960 17.72 70,569 1.40% 10.06% December 31, 1997 286,032 16.10 4,606 1.40% * TOTAL RETURN SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 3,249,037 $19.41 $63,064 1.45% -6.14% December 31, 2000 1,350,560 20.68 27,924 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-117
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 6,379,123 $19.27 $122,926 1.55% -6.23% December 31, 2000 6,431,976 20.55 132,146 1.55% 14.74% December 31, 1999 6,739,205 17.91 120,710 1.55% 1.76% December 31, 1998 3,973,034 17.60 69,922 1.55% 9.86% December 31, 1997 746,754 16.02 11,962 1.55% * TOTAL RETURN SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 848,279 $19.20 $16,287 1.60% -6.25% December 31, 2000 597,315 20.48 12,233 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 702,859 $19.13 $13,446 1.65% -6.32% December 31, 2000 205,502 20.42 4,195 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 9,439,672 $19.06 $179,920 1.70% -6.34% December 31, 2000 9,095,578 20.35 185,107 1.70% 14.52% December 31, 1999 9,101,947 17.77 161,738 1.70% 1.60% December 31, 1998 3,874,737 17.49 67,753 1.70% 9.72% December 31, 1997 152,264 15.94 2,427 1.70% * TOTAL RETURN SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 643,581 $19.00 $12,228 1.75% -6.36% December 31, 2000 102,750 20.29 2,084 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 2,216,637 $18.93 $41,961 1.80% -6.38% December 31, 2000 836,664 20.22 16,920 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-118
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 2,003,804 $18.79 $37,651 1.90% -6.52% December 31, 2000 506,976 20.10 10,188 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - GRANITE PRIMELITE - STANDARD September 30, 2001 3,886 $19.68 $76 1.25% -6.02% December 31, 2000 4,433 20.94 93 1.20% 15.05% December 31, 1999 4,770 18.20 87 1.25% 2.08% December 31, 1998 10,098 17.83 180 1.25% 10.20% December 31, 1997 63 16.18 1 1.25% * TOTAL RETURN SERIES - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 24,458 $19.48 $476 1.40% -6.12% December 31, 2000 27,675 20.75 574 1.40% 14.89% December 31, 1999 33,383 18.06 603 1.40% 1.92% December 31, 1998 32,769 17.72 581 1.40% 10.06% December 31, 1997 4,893 16.10 79 1.40% * TOTAL RETURN SERIES - VALUE September 30, 2001 96,366 $20.17 $1,944 0.90% -5.75% December 31, 2000 28,821 21.40 617 0.90% 15.43% December 31, 1999 3,045 18.54 56 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS ONE September 30, 2001 243 $20.75 $5 0.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - VA OPTION II September 30, 2001 4,288 $19.68 $84 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-119
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN SERIES - VA OPTION III September 30, 2001 280 $19.47 $5 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - VA BONUS OPTION I September 30, 2001 16,988 $19.40 $330 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - VA BONUS OPTION II September 30, 2001 14,672 $18.99 $279 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - VA BONUS OPTION III September 30, 2001 5,561 $18.79 $104 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 199,300 $18.86 $3,759 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 360 $18.73 $7 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-120
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ TOTAL RETURN SERIES - LANDMARK - 7% SOLUTION September 30, 2001 51,044 $18.66 $952 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 23,295 $18.60 $433 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 90,079 $18.53 $1,669 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 34,665 $18.46 $640 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 37,681 $18.33 $691 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TOTAL RETURN SERIES - VA OPTION I September 30, 2001 3,332 $20.10 $67 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-121
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH SERIES - DVA 80 September 30, 2001 29,459 $14.28 $421 0.80% -36.95% December 31, 2000 33,891 22.65 768 0.80% -22.62% December 31, 1999 47,480 29.27 1,390 0.80% 76.64% December 31, 1998 35,295 16.57 585 0.80% 25.82% December 31, 1997 41,904 13.17 552 0.80% * GROWTH SERIES - DVA September 30, 2001 520,610 $14.12 $7,351 1.00% -37.08% December 31, 2000 776,539 22.44 17,425 1.00% -22.75% December 31, 1999 818,663 29.05 23,785 1.00% 76.38% December 31, 1998 299,829 16.47 4,940 1.00% 25.53% December 31, 1997 230,798 13.12 3,028 1.00% * GROWTH SERIES - DVA SERIES 100 September 30, 2001 20,302 $13.85 $281 1.35% -37.25% December 31, 2000 28,302 22.07 624 1.35% -23.02% December 31, 1999 28,942 28.67 830 1.35% 75.78% December 31, 1998 11,112 16.31 181 1.35% 25.08% December 31, 1997 2,137 13.04 28 1.35% * GROWTH SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 766,352 $13.93 $10,675 1.25% -37.17% December 31, 2000 913,550 22.17 20,257 1.25% -22.97% December 31, 1999 758,379 28.78 21,827 1.25% 75.92% December 31, 1998 362,210 16.36 5,926 1.25% 25.27% December 31, 1997 161,235 13.06 2,106 1.25% * GROWTH SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 447,747 $13.89 $6,219 1.30% -37.21% December 31, 2000 325,133 22.12 7,192 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 16,208,148 $13.81 $223,836 1.40% -37.28% December 31, 2000 18,211,995 22.02 400,965 1.40% -23.06% December 31, 1999 14,289,972 28.62 408,990 1.40% 75.69% December 31, 1998 3,293,704 16.29 53,670 1.40% 25.02% December 31, 1997 343,006 13.03 4,470 1.40% * S-122
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 5,983,525 $13.77 $82,393 1.45% -37.30% December 31, 2000 4,730,311 21.96 103,884 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 11,389,310 $13.70 $156,034 1.55% -37.33% December 31, 2000 13,563,137 21.86 296,433 1.55% -23.19% December 31, 1999 11,168,535 28.46 317,801 1.55% 75.46% December 31, 1998 2,452,149 16.22 39,786 1.55% 24.87% December 31, 1997 763,169 12.99 9,917 1.55% * GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 3,071,660 $13.65 $41,928 1.60% -37.39% December 31, 2000 3,020,949 21.80 65,867 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,077,752 $13.62 $14,679 1.65% -37.38% December 31, 2000 693,052 21.75 15,074 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 15,516,505 $13.58 $210,714 1.70% -37.42% December 31, 2000 18,166,964 21.70 394,196 1.70% -23.29% December 31, 1999 15,200,894 28.29 430,081 1.70% 75.06% December 31, 1998 2,354,360 16.16 38,039 1.70% 24.69% December 31, 1997 238,200 12.96 3,087 1.70% * GROWTH SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 914,364 $13.54 $12,381 1.75% -37.46% December 31, 2000 437,723 21.65 9,475 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-123
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 4,782,438 $13.50 $64,563 1.80% -37.47% December 31, 2000 3,791,737 21.59 81,880 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 3,782,348 $13.43 $50,797 1.90% -37.51% December 31, 2000 2,741,325 21.49 58,911 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - VALUE September 30, 2001 108,342 $14.20 $1,539 0.90% -37.03% December 31, 2000 89,147 22.55 2,010 0.90% -22.67% December 31, 1999 27,642 29.16 806 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS ONE September 30, 2001 808 $14.52 $12 0.50% -36.81% December 31, 2000 808 22.98 19 0.50% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 190,726 $13.47 $2,569 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 59 $13.39 $1 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-124
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH SERIES - LANDMARK - 7% SOLUTION September 30, 2001 29,936 $13.35 $400 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 15,833 $13.32 $211 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 68,842 $13.28 $914 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 21,376 $13.24 $283 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 23,940 $13.17 $315 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - DVA 80 September 30, 2001 1 $12.46 - 0.80% 2.21% December 31, 2000 1 12.19 - 0.80% * December 31, 1999 - - - - -* December 31, 1998 1,419 13.42 19 0.80% * December 31, 1997 - - - - - S-125
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CORE BOND SERIES - DVA September 30, 2001 27,157 $12.28 $334 1.00% 2.08% December 31, 2000 23,535 12.03 283 1.00% -0.08% December 31, 1999 24,119 12.04 291 1.00% -9.54% December 31, 1998 13,446 13.31 179 1.00% * December 31, 1997 - - - - - CORE BOND SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 85,379 $12.07 $1,031 1.25% 1.86% December 31, 2000 59,545 11.85 705 1.25% -0.25% December 31, 1999 35,081 11.88 417 1.25% -9.79% December 31, 1998 6,337 13.17 83 1.25% * December 31, 1997 - - - - - CORE BOND SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 52,003 $12.03 $626 1.30% 1.86% December 31, 2000 16,337 11.81 193 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 1,570,471 $11.94 $18,752 1.40% 1.70% December 31, 2000 1,222,759 11.74 14,352 1.40% -0.42% December 31, 1999 753,003 11.79 8,880 1.40% -9.93% December 31, 1998 396,068 13.09 5,184 1.40% 10.28% December 31, 1997 10,655 11.87 126 1.40% * CORE BOND SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,021,300 $11.90 $12,154 1.45% 1.71% December 31, 2000 380,506 11.70 4,451 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-126
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CORE BOND SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 755,903 $11.82 $8,935 1.55% 1.72% December 31, 2000 490,596 11.62 5,703 1.55% -0.68% December 31, 1999 382,609 11.70 4,475 1.55% -10.00% December 31, 1998 119,924 13.00 1,560 1.55% 10.08% December 31, 1997 310 11.81 4 1.55% * CORE BOND SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 230,279 $11.77 $2,710 1.60% 1.55% December 31, 2000 149,939 11.59 1,738 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 129,309 $11.73 $1,517 1.65% 1.56% December 31, 2000 14,625 11.55 169 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 1,301,011 $11.69 $15,209 1.70% 1.56% December 31, 2000 774,315 11.51 8,916 1.70% -0.78% December 31, 1999 619,047 11.60 7,183 1.70% -10.22% December 31, 1998 194,008 12.92 2,506 1.70% 9.96% December 31, 1997 6,455 11.75 76 1.70% * CORE BOND SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 217,461 $11.65 $2,533 1.75% 1.48% December 31, 2000 16,854 11.48 194 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 601,854 $11.61 $6,988 1.80% 1.49% December 31, 2000 183,296 11.44 2,097 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-127
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CORE BOND SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 796,864 $11.52 $9,180 1.90% 1.32% December 31, 2000 101,438 11.37 1,153 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - VALUE September 30, 2001 14,554 $12.37 $180 0.90% 2.15% December 31, 2000 3,821 12.11 46 0.90% 0.00% December 31, 1999 982 12.11 12 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - VA OPTION II September 30, 2001 7,070 $12.07 $85 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - VA OPTION III September 30, 2001 1,641 $11.94 $20 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - VA BONUS OPTION I September 30, 2001 38,207 $11.90 $455 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - VA BONUS OPTION II September 30, 2001 45,272 $11.65 $527 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-128
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CORE BOND SERIES - VA BONUS OPTION III September 30, 2001 10,421 $11.52 $120 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 68,308 $11.57 $790 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - LANDMARK - 7% SOLUTION September 30, 2001 68,969 $11.44 $789 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 300,262 $11.40 $345 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 91,233 $11.36 $1,036 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 49,444 $11.32 $560 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-129
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CORE BOND SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 21,872 $11.24 $246 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CORE BOND SERIES - VA OPTION I September 30, 2001 10,596 $12.32 $131 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA 80 September 30, 2001 15,780 $5.75 $91 0.80% -25.42% December 31, 2000 1,553 7.71 12 0.80% -34.33% December 31, 1999 390 11.74 5 0.80% 60.38% December 31, 1998 3,368 7.32 25 0.80% * December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA September 30, 2001 616,226 $5.71 $3,519 1.00% -25.55% December 31, 2000 27,070 7.67 208 1.00% -34.44% December 31, 1999 21,139 11.70 247 1.00% 60.05% December 31, 1998 4,598 7.31 34 1.00% * December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA SERIES 100 September 30, 2001 18,852 $5.63 $106 1.35% * December 31, 2000 - - - - -* December 31, 1999 27,991 11.64 326 1.35% * December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 271,468 $5.65 $1,534 1.25% -25.76% December 31, 2000 48,529 7.61 369 1.25% -34.62% December 31, 1999 683 11.62 8 1.25% 59.67% December 31, 1998 617 7.29 5 1.25% * December 31, 1997 - - - - - S-130
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ DEVELOPING WORLD SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 149,489 $5.64 $843 1.30% -25.79% December 31, 2000 43,664 7.60 332 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 2,267,539 $5.63 $12,766 1.40% -25.73% December 31, 2000 2,014,773 7.58 15,271 1.40% -34.71% December 31, 1999 2,133,907 11.61 24,775 1.40% 59.48% December 31, 1998 417,221 7.28 3,039 1.40% * December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,442,447 $5.61 $8,092 1.45% -25.89% December 31, 2000 760,057 7.57 5,752 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 1,655,997 $5.59 $9,257 1.55% -25.96% December 31, 2000 991,863 7.55 7,485 1.55% -34.80% December 31, 1999 926,115 11.58 10,722 1.55% 59.28% December 31, 1998 82,414 7.27 599 1.55% * December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 780,175 $5.58 $4,353 1.60% -25.99% December 31, 2000 609,636 7.54 4,594 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-131
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ DEVELOPING WORLD SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 187,133 $5.57 $1,042 1.65% -25.93% December 31, 2000 52,533 7.52 395 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 1,462,243 $5.56 $8,130 1.70% -25.97% December 31, 2000 1,788,603 7.51 13,439 1.70% -34.92% December 31, 1999 1,344,878 11.54 15,526 1.70% 58.95% December 31, 1998 11,872 7.26 812 1.70% * December 31, 1997 - - - - - DEVELOPING WORLD SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 131,220 $5.55 $728 1.75% -26.00% December 31, 2000 35,033 7.50 263 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 676,075 $5.54 $3,745 1.80% -26.03% December 31, 2000 549,427 7.49 4,116 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 459,454 $5.52 $2,536 1.90% -26.10% December 31, 2000 259,187 7.47 1,936 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - VALUE September 30, 2001 37,986 $5.73 $218 0.90% -25.49% December 31, 2000 29,347 7.69 226 0.90% -34.39% December 31, 1999 5,500 11.72 64 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-132
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ DEVELOPING WORLD SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 20,737 $5.53 $115 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - LANDMARK - 7% SOLUTION September 30, 2001 4,949 $5.50 $27 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 28,130 $5.49 $154 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 45,771 $5.48 $251 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 6,824 $5.47 $37 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DEVELOPING WORLD SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 2,649 $5.45 $14 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-133
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ASSET ALLOCATION GROWTH SERIES - DVA September 30, 2001 3,254 $8.15 $27 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 33,038 $8.13 $269 1.25% -13.33% December 31, 2000 9,294 9.38 87 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 33,441 $8.12 $272 1.30% -13.43% December 31, 2000 5,894 9.38 55 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 410,574 $8.11 $3,330 1.40% -13.54% December 31, 2000 41,334 9.38 388 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 805,607 $8.11 $6,534 1.45% -13.54% December 31, 2000 123,421 9.38 1,157 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-134
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ASSET ALLOCATION GROWTH SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 113,064 $8.10 $916 1.55% -13.55% December 31, 2000 25,334 9.37 238 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 173,350 $8.10 $1,404 1.60% -13.55% December 31, 2000 101,509 9.37 951 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 173,728 $8.09 $1,405 1.65% -13.66% December 31, 2000 7,201 9.37 68 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 425,795 $8.09 $3,445 1.70% -13.66% December 31, 2000 36,958 9.37 346 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 213,294 $8.09 $1,726 1.75% -13.66% December 31, 2000 11,921 9.37 112 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 568,801 $8.08 $4,596 1.80% -13.77% December 31, 2000 66,092 9.37 619 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-135
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ASSET ALLOCATION GROWTH SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 717,619 $8.07 $5,953 1.90% -13.87% December 31, 2000 72,072 9.37 675 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - VALUE September 30, 2001 4,456 $8.16 $36 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 93,423 $8.08 $755 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - LANDMARK - 7% SOLUTION September 30, 2001 11,876 $8.07 $96 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 7,635 $8.06 $62 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 97,088 $8.06 $783 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-136
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ASSET ALLOCATION GROWTH SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 3,379 $8.05 $27 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION GROWTH SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 15,195 $8.04 $122 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - DVA September 30, 2001 3,532 $7.73 $27 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 32,248 $7.71 $249 1.25% -21.96% December 31, 2000 6,748 9.88 66 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 43,184 $7.71 $333 1.30% -21.96% December 31, 2000 5,137 9.88 50 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 598,545 $7.70 $4,609 1.40% -22.06% December 31, 2000 290,230 9.88 2,867 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-137
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ DIVERSIFIED MID-CAP SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 811,709 $7.70 $6,250 1.45% -22.06% December 31, 2000 131,431 9.88 1,298 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 214,593 $7.69 $1,650 1.55% -22.09% December 31, 2000 185,852 9.87 1,835 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 150,420 $7.68 $1,155 1.60% -22.19% December 31, 2000 80,992 9.87 799 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 287,617 $7.68 $2,209 1.65% -22.19% December 31, 2000 9,164 9.87 90 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 539,905 $7.67 $4,141 1.70% -22.29% December 31, 2000 285,263 9.87 2,816 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-138
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ DIVERSIFIED MID-CAP SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 217,807 $7.67 $1,671 1.75% -22.29% December 31, 2000 10,627 9.87 109 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 559,634 $7.67 $4,599 1.80% -22.29% December 31, 2000 55,360 9.87 546 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 855,130 $7.66 $6,550 1.90% -22.39% December 31, 2000 89,462 9.87 882 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - VALUE September 30, 2001 4,946 $7.74 $38 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 151,180 $7.66 $1,158 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - LANDMARK - 7% SOLUTION September 30, 2001 8,778 $7.65 $67 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-139
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ DIVERSIFIED MID-CAP SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 10,145 $7.65 $78 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 33,078 $7.64 $253 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 13,184 $7.64 $101 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - DIVERSIFIED MID-CAP SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 7,515 $7.63 $57 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - DVA September 30, 2001 387 $9.72 $4 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 41,046 $9.68 $397 1.25% -14.18% December 31, 2000 13,281 11.28 150 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-140
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INVESTORS SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 122,216 $9.67 $1,182 1.30% -14.20% December 31, 2000 29,577 11.27 333 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 833,619 $9.65 $8,044 1.40% -14.30% December 31, 2000 539,461 11.26 6,075 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,038,765 $9.65 $10,024 1.45% -14.30% December 31, 2000 313,828 11.26 3,533 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 482,420 $9.63 $4,646 1.55% -14.40% December 31, 2000 198,869 11.25 2,236 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 328,509 $9.62 $3,160 1.60% -14.41% December 31, 2000 202,765 11.24 2,280 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-141
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INVESTORS SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 243,387 $9.61 $2,339 1.65% -14.50% December 31, 2000 21,065 11.24 237 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 1,067,720 $9.60 $10,250 1.70% -14.51% December 31, 2000 234,838 11.23 2,637 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 256,064 $9.60 $2,458 1.75% -14.51% December 31, 2000 11,867 11.23 133 1.57% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 658,298 $9.59 $6,313 1.80% -14.53% December 31, 2000 145,735 11.22 1,635 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,376,521 $9.57 $13,173 1.90% -14.63% December 31, 2000 191,223 11.21 2,144 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - VALUE September 30, 2001 31,895 $9.73 $310 0.90% -13.97% December 31, 2000 14,613 11.31 165 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-142
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INVESTORS SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 125,761 $9.58 $1,205 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 597 $9.56 $6 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - LANDMARK - 7% SOLUTION September 30, 2001 11,144 $9.56 $106 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 4,389 $9.55 $42 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 47,822 $9.54 $456 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INVESTORS SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 11,165 $9.53 $106 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-143
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INVESTORS SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 32,542 $9.51 $309 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - DVA September 30, 2001 10,133 $8.33 $84 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 71,178 $8.31 $591 1.25% -16.48% December 31, 2000 3,617 9.95 36 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 567,663 $8.30 $4,711 1.30% -16.58% December 31, 2000 23,267 9.95 231 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 275,548 $8.30 $2,287 1.40% -16.50% December 31, 2000 274,785 9.94 2,733 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 472,680 $8.29 $3,918 1.45% -16.60% December 31, 2000 170,460 9.94 1,695 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-144
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH AND INCOME SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 500,666 $8.27 $4,140 1.55% -16.80% December 31, 2000 88,531 9.94 880 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 865,472 $8.27 $7,157 1.60% -16.80% December 31, 2000 128,409 9.94 1,276 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 20,818 $8.27 $172 1.65% -16.80% December 31, 2000 19,469 9.94 193 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 1,615,747 $8.26 $13,346 1.70% -16.90% December 31, 2000 283,250 9.94 2,815 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 169,871 $8.28 $1,406 1.75% -16.70% December 31, 2000 21,427 9.94 213 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 158,659 $8.26 $1,310 1.80% -16.82% December 31, 2000 148,807 9.93 1,478 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-145
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH AND INCOME SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 285,223 $8.26 $2,356 1.90% -16.82% December 31, 2000 113,353 9.93 1,126 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - GRANITE PRIMELITE - STANDARD September 30, 2001 9,623 $8.31 $80 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 1,191,203 $8.30 $9,887 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - VALUE September 30, 2001 5,022 $8.38 $42 0.90% -15.86% December 31, 2000 5,022 9.96 50 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - VA OPTION II September 30, 2001 61,130 $8.31 $508 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - VA OPTION III September 30, 2001 16,169 $8.30 $134 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - -
S-146
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH AND INCOME SERIES - VA BONUS OPTION I September 30, 2001 318,224 $8.38 $2,635 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - VA BONUS OPTION II September 30, 2001 973,268 $8.27 $8,049 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 32,966 $8.25 $272 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ACCESS - 5.5% SOLUTION (POST APRIL 2001), LANDMARK - MAX 5.5% September 30, 2001 12,702 $8.25 $105 1.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - LANDMARK - 7% SOLUTION September 30, 2001 67,455 $8.24 $556 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 8,054 $8.24 $66 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-147
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH AND INCOME SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 21,084 $8.23 $173 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 21,886 $8.34 $183 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 9,896 $8.34 $83 * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME SERIES - VA OPTION I September 30, 2001 9,896 $8.34 $83 9.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 24,573 $7.30 $179 1.25% -17.89% December 31, 2000 2,315 8.89 21 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 51,293 $7.29 $374 1.30% -18.00% December 31, 2000 18,016 8.89 160 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-148
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SPECIAL SITUATIONS SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 335,769 $7.29 $2,448 1.40% -18.00% December 31, 2000 121,670 8.89 1,081 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 420,456 $7.28 $3,061 1.45% -18.11% December 31, 2000 76,347 8.89 678 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 150,282 $7.27 $1,092 1.55% -18.22% December 31, 2000 85,716 8.89 762 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 129,364 $7.27 $940 1.60% -18.13% December 31, 2000 66,473 8.88 591 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 131,429 $7.27 $955 1.65% -18.13% December 31, 2000 9,174 8.88 81 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-149
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SPECIAL SITUATIONS SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 387,974 $7.26 $2,817 1.70% -18.24% December 31, 2000 131,190 8.88 1,165 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 146,628 $7.26 $1,065 1.75% -18.24% December 31, 2000 5,866 8.88 52 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 270,654 $7.26 $1,965 1.80% -18.24% December 31, 2000 62,575 8.88 556 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 298,340 $7.25 $2,163 1.90% -18.36% December 31, 2000 83,761 8.88 744 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - VALUE September 30, 2001 1,947 $7.32 $14 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 61,875 $7.25 $449 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-150
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SPECIAL SITUATIONS SERIES - LANDMARK - 7% SOLUTION September 30, 2001 11,971 $7.24 $87 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 3,038 $7.24 $22 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 15,222 $7.23 $110 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 3,214 $7.23 $23 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SPECIAL SITUATIONS SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 4,538 $7.22 $33 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - DVA September 30, 2001 367 $6.19 $2 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-151
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INTERNET TOLLKEEPER SERIES - DVA SERIES 100 September 30, 2001 1,522 $6.18 $9 1.35% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 174 $6.19 $1 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 3,305 $6.19 $20 1.30% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 36,526 $6.18 $226 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 36,930 $6.18 $228 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-152
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INTERNET TOLLKEEPER SERIES - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 10,102 $6.18 $62 1.55% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,873 $6.18 $12 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 27,546 $6.18 $170 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 31,199 $6.18 $193 1.70% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 26,102 $6.17 $161 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 23,653 $6.17 $146 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-153
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INTERNET TOLLKEEPER SERIES - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 93,162 $6.17 $575 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - VALUE September 30, 2001 612 $6.20 $4 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 18,914 $6.17 $117 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - LANDMARK - 7% SOLUTION September 30, 2001 1,754 $6.17 $11 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 5,208 $6.17 $32 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 6,446 $6.17 $40 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-154
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INTERNET TOLLKEEPER SERIES - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 1,678 $6.16 $10 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNET TOLLKEEPER SERIES - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 2,872 $6.16 $18 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 10,150 $6.37 $65 1.25% -27.28% December 31, 2000 10,619 8.76 93 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 38,713 $6.36 $246 1.30% -27.40% December 31, 2000 8,037 8.76 70 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 268,018 $6.35 $1,708 1.40% -27.43% December 31, 2000 110,552 8.75 968 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 382,459 $6.35 $2,429 1.45% -27.43% December 31, 2000 169,871 8.75 1,486 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-155
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ WORLDWIDE GROWTH FUND - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 98,794 $6.34 $626 1.55% -27.54% December 31, 2000 21,575 8.75 189 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 130,183 $6.33 $824 1.60% -27.57% December 31, 2000 85,307 8.74 746 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 110,827 $6.33 $702 1.65% -27.57% December 31, 2000 39,547 8.74 346 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 195,210 $6.32 $1,234 1.70% -27.69% December 31, 2000 28,853 8.74 252 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 129,023 $6.32 $815 1.75% -27.61% December 31, 2000 7,369 8.73 64 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 257,778 $6.31 $1,627 1.80% -27.72% December 31, 2000 84,578 8.73 738 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-156
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ WORLDWIDE GROWTH FUND - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 386,097 $6.31 $2,436 1.90% -27.64% December 31, 2000 68,648 8.72 599 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - VALUE September 30, 2001 16,993 $6.40 $109 0.90% -27.11% December 31, 2000 336 8.78 3 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - VA OPTION II September 30, 2001 1,294 $6.37 $8 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - VA OPTION III September 30, 2001 545 $6.35 $3 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - VA BONUS OPTION I September 30, 2001 1,621 $6.35 $10 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - VA BONUS OPTION II September 30, 2001 3,192 $6.32 $20 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-157
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ WORLDWIDE GROWTH FUND - VA BONUS OPTION III September 30, 2001 184 $6.31 $1 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 44,319 $6.31 $280 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - LANDMARK - 7% SOLUTION September 30, 2001 10,013 $6.30 $63 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 15,560 $6.29 $98 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 14,653 $6.29 $92 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH FUND - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 4,492 $6.28 $28 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-158
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ WORLDWIDE GROWTH FUND - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 4,879 $6.27 $31 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - DVA September 30, 2001 508 $6.76 $3 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 128 $6.76 $1 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,151 $6.75 $15 1.30% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 31,070 $6.75 $210 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 74,945 $6.75 $506 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-159
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH OPPORTUNITIES PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 14,157 $6.75 $96 1.55% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 9,147 $6.75 $62 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 20,211 $6.74 $136 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 22,736 $6.74 $153 1.70% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 11,733 $6.74 $79 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 36,330 $6.74 $245 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-160
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 59,324 $6.74 $400 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - VALUE September 30, 2001 628 $6.77 $4 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 7,662 $6.74 $52 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - LANDMARK - 7% SOLUTION September 30, 2001 3,577 $6.73 $24 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 3,179 $6.73 $21 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 5,541 $6.73 $37 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-161
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 2,658 $6.73 $18 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH OPPORTUNITIES PORTFOLIO - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 1,108 $6.73 $7 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - DVA September 30, 2001 15,145 $8.62 $131 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 103 $8.61 $1 1.30% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 27,111 $8.60 $233 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 61,800 $8.60 $531 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-162
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MAGNACAP PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 4,264 $8.60 $37 1.55% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 3,204 $8.60 $28 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 6,222 $8.59 $53 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 31,258 $8.59 $268 1.70% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 7,304 $8.59 $63 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 70,446 $8.59 $605 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-163
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MAGNACAP PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 62,404 $8.59 $536 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - VA BONUS OPTION I September 30, 2001 86 $8.60 $1 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 14,069 $8.59 $121 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - LANDMARK - 7% SOLUTION September 30, 2001 1,888 $8.58 $16 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 10,753 $8.58 $92 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 6,520 $8.58 $56 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-164
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ MAGNACAP PORTFOLIO - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 5,705 $8.58 $49 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 3,153 $8.57 $27 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - MAGNACAP PORTFOLIO - VA OPTION I September 30, 2001 96 $8.62 $1 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - DVA September 30, 2001 1,545 $7.14 $11 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 4,034 $7.13 $29 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 12,412 $7.13 $89 1.30% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-165
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL CAP OPPORTUNITIES PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 97,081 $7.13 $692 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 143,198 $7.13 $1,021 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 23,104 $7.13 $165 1.55% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 7,085 $7.12 $50 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 43,324 $7.12 $309 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-166
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 85,946 $7.12 $612 1.70% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 37,297 $7.12 $266 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 89,096 $7.12 $634 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 128,130 $7.11 $911 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - VALUE September 30, 2001 1,702 $7.14 $12 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 44,841 $7.12 $319 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-167
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL CAP OPPORTUNITIES PORTFOLIO - LANDMARK - 7% SOLUTION September 30, 2001 15,342 $7.11 $109 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 1,652 $7.11 $12 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 14,685 $7.11 $104 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 5,961 $7.11 $42 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL CAP OPPORTUNITIES PORTFOLIO - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 1,730 $7.10 $12 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CONVERTIBLE CLASS PORTFOLIO - VA OPTION II September 30, 2001 3,472 $9.82 $34 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-168
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CONVERTIBLE CLASS PORTFOLIO - VA BONUS OPTION I September 30, 2001 1,454 $9.82 $14 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CONVERTIBLE CLASS PORTFOLIO - VA BONUS OPTION II September 30, 2001 78 $9.81 $1 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA OPTION II September 30, 2001 8,148 $9.46 $77 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA BONUS OPTION I September 30, 2001 63 $9.46 - 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA BONUS OPTION II September 30, 2001 2,323 $9.45 $22 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA OPTION I September 30, 2001 223 $9.47 $2 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-169
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ LARGECAP GROWTH PORTFOLIO - VA OPTION II September 30, 2001 1,127 $8.66 $10 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGECAP GROWTH PORTFOLIO - VA BONUS OPTION I September 30, 2001 13,954 $8.65 $121 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGECAP GROWTH PORTFOLIO - VA BONUS OPTION II September 30, 2001 2,433 $8.65 $21 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - LARGECAP GROWTH PORTFOLIO - VA OPTION I September 30, 2001 2,015 $8.66 $17 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA 80 September 30, 2001 1 $9.88 - 0.80% -2.85% December 31, 2000 1 10.17 - 0.80% -1.64% December 31, 1999 1,147 10.34 12 0.80% 2.17% December 31, 1998 2,973 10.12 30 0.80% * December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA September 30, 2001 104,617 $9.81 $1,026 1.00% -3.06% December 31, 2000 126,903 10.12 1,284 1.00% -1.84% December 31, 1999 151,044 10.31 1,557 1.00% 1.98% December 31, 1998 107,998 10.11 1,092 1.00% * December 31, 1997 - - - - - S-170
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO HIGH YIELD BOND PORTFOLIO - DVA SERIES 100 September 30, 2001 944 $9.70 $9 1.35% -3.29% December 31, 2000 948 10.03 10 1.35% -2.15% December 31, 1999 951 10.25 10 1.35% * December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 295,138 $9.73 $2,872 1.25% -3.18% December 31, 2000 362,732 10.05 3,645 1.25% -2.14% December 31, 1999 400,821 10.27 4,115 1.25% 1.78% December 31, 1998 213,774 10.09 2,157 1.25% * December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 154,614 $9.71 $1,501 1.30% -3.29% December 31, 2000 63,647 10.04 639 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 5,535,157 $9.67 $53,525 1.40% -3.40% December 31, 2000 5,140,417 10.01 51,454 1.40% -2.25% December 31, 1999 5,053,973 10.24 51,749 1.40% 1.59% December 31, 1998 1,630,971 10.08 16,440 1.40% * December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,219,094 $9.66 $21,436 1.45% -3.11% December 31, 2000 908,512 9.97 9,082 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-171
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO HIGH YIELD BOND PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 3,242,279 $9.63 $31,223 1.55% -3.41% December 31, 2000 3,158,188 9.97 31,485 1.55% -2.35% December 31, 1999 3,194,935 10.21 32,631 1.55% 1.39% December 31, 1998 1,066,219 10.07 10,737 1.55% * December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 684,691 $9.61 $6,580 1.60% -3.51% December 31, 2000 498,509 9.96 4,963 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 477,989 $9.59 $4,584 1.65% -3.52% December 31, 2000 111,021 9.94 1,104 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 5,212,425 $9.58 $49,935 1.70% -3.52% December 31, 2000 4,861,887 9.93 48,273 1.70% -2.55% December 31, 1999 5,486,600 10.19 55,895 1.70% 1.29% December 31, 1998 1,558,466 10.06 15,678 1.70% * December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 392,947 $9.56 $3,756 1.75% -3.63% December 31, 2000 64,046 9.92 635 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,653,482 $9.54 $15,774 1.80% -3.64% December 31, 2000 631,991 9.90 6,258 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-172
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,606,023 $9.51 $15,273 1.90% -3.74% December 31, 2000 386,288 9.88 3,815 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - VALUE September 30, 2001 36,999 $9.85 $364 0.90% -2.96% December 31, 2000 20,732 10.15 210 0.90% -1.74% December 31, 1999 8,722 10.33 90 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS ONE September 30, 2001 178 $9.98 $2 0.50% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - VA OPTION II September 30, 2001 488 $9.73 $5 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - VA OPTION III September 30, 2001 387 $9.68 $4 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - VA BONUS OPTION I September 30, 2001 6,606 $9.66 $64 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-173
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO HIGH YIELD BOND PORTFOLIO - VA BONUS OPTION II September 30, 2001 912 $9.56 $9 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - VA BONUS OPTION III September 30, 2001 2,321 $9.51 $22 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 98,491 $9.53 $938 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - LANDMARK - 7% SOLUTION September 30, 2001 21,091 $9.48 $200 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 30,485 $9.46 $288 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 50,520 $9.44 $477 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-174
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 15,339 $9.43 $144 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 51,019 $9.39 $479 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO HIGH YIELD BOND PORTFOLIO - VA OPTION I September 30, 2001 751 $9.83 $7 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA 80 September 30, 2001 398 $9.51 $4 0.80% -20.15% December 31, 2000 399 11.91 5 0.80% -10.18% December 31, 1999 651 13.26 9 0.80% 18.82% December 31, 1998 13,664 11.16 152 0.80% * December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA September 30, 2001 95,553 $9.44 $902 1.00% -20.34% December 31, 2000 117,131 11.85 1,388 1.00% -10.36% December 31, 1999 116,144 13.22 1,535 1.00% 18.67% December 31, 1998 160,283 11.14 1,786 1.00% * December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA SERIES 100 September 30, 2001 2,451 $9.33 $23 1.35% -20.46% December 31, 2000 2,489 11.73 29 1.35% -10.73% December 31, 1999 292 13.14 4 1.35% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-175
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 241,750 $9.36 $2,263 1.25% -20.48% December 31, 2000 281,922 11.77 3,317 1.25% -10.56% December 31, 1999 284,260 13.16 3,742 1.25% 18.35% December 31, 1998 112,706 11.12 1,253 1.25% * December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 118,406 $9.35 $1,107 1.30% -20.43% December 31, 2000 86,637 11.75 1,018 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 5,430,120 $9.32 $50,609 1.40% -20.48% December 31, 2000 6,006,923 11.72 70,399 1.40% -10.74% December 31, 1999 4,797,771 13.13 62,999 1.40% 18.18% December 31, 1998 1,527,697 11.11 16,975 1.40% * December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,808,459 $9.30 $16,819 1.50% -20.51% December 31, 2000 1,178,840 11.70 13,797 1.50% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 4,091,864 $9.26 $37,891 1.55% -20.65% December 31, 2000 4,659,705 11.67 54,389 1.55% -10.92% December 31, 1999 4,371,570 13.10 57,257 1.55% 18.02% December 31, 1998 942,738 11.10 10,465 1.55% * December 31, 1997 - - - - - S-176
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 612,716 $9.25 $5,668 1.60% -20.67% December 31, 2000 624,891 11.66 7,284 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 341,040 $9.24 $3,151 1.65% -20.62% December 31, 2000 187,618 11.64 2,184 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 6,133,577 $9.22 $56,552 1.70% -20.65% December 31, 2000 6,921,410 11.62 80,461 1.70% -11.03% December 31, 1999 7,320,301 13.06 95,636 1.70% 17.76% December 31, 1998 1,910,695 11.09 21,188 1.70% * December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 339,021 $9.20 $3,101 1.75% -20.76% December 31, 2000 70,828 11.61 822 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,547,285 $9.19 $14,219 1.80% -20.71% December 31, 2000 1,176,897 11.59 13,644 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 1,137,718 $9.16 $10,421 1.90% -20.76% December 31, 2000 829,397 11.56 9,589 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-177
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - VALUE September 30, 2001 15,764 $9.48 $149 0.90% -20.20% December 31, 2000 13,298 11.88 158 0.90% -10.27% December 31, 1999 3,634 13.24 48 0.90% * December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 89,700 $9.17 $823 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - LANDMARK - 7% SOLUTION September 30, 2001 7,629 $9.12 $69 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 5,655 $9.11 $51 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 21,104 $9.09 $192 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 2,035 $9.08 $18 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-178
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIMCO STOCKSPLUS GROWTH AND INCOME PORTFOLIO - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 12,310 $9.04 $111 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - DVA September 30, 2001 6,030 $5.43 $33 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 1,982 $5.41 $11 1.25% -31.08% December 31, 2000 2,731 7.85 21 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 108,538 $5.41 $587 1.30% -31.08% December 31, 2000 37,201 7.85 292 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 439,827 $5.40 $2,375 1.40% -31.21% December 31, 2000 194,916 7.85 1,529 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 593,433 $5.40 $3,205 1.45% -31.12% December 31, 2000 242,694 7.84 1,902 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-179
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PRUDENTIAL JENNISON PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 212,082 $5.39 $1,143 1.55% -31.25% December 31, 2000 64,129 7.84 503 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 166,067 $5.39 $895 1.60% -31.25% December 31, 2000 92,165 7.84 722 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 112,727 $5.38 $606 1.65% -31.29% December 31, 2000 15,840 7.83 124 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 351,946 $5.38 $1,893 1.70% -31.29% December 31, 2000 75,572 7.83 592 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 165,116 $5.37 $887 1.75% -31.42% December 31, 2000 19,630 7.83 154 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 342,319 $5.37 $1,838 1.80% -31.33% December 31, 2000 89,929 7.82 704 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-180
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PRUDENTIAL JENNISON PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 621,419 $5.36 $3,331 1.90% -31.46% December 31, 2000 152,003 7.82 1,189 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - VALUE September 30, 2001 3,917 $5.44 $21 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - VA BONUS OPTION II September 30, 2001 7,723 $5.37 $41 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - VA BONUS OPTION III September 30, 2001 1,263 $5.36 $7 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 25,797 $5.37 $139 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - LANDMARK - 7% SOLUTION September 30, 2001 18,729 $5.35 $100 2.00% * December 31, 2000 - - - 0.00% - December 31, 1999 - - - 0.00% - December 31, 1998 - - - 0.00% - December 31, 1997 - - - 0.00% - S-181
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PRUDENTIAL JENNISON PORTFOLIO - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 1,929 $5.35 $10 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 26,406 $5.35 $141 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 7,412 $5.34 $40 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PRUDENTIAL JENNISON PORTFOLIO - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 19,897 $5.34 $106 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA September 30, 2001 305 $5.04 $2 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 17,728 $5.03 $89 1.25% -41.31% December 31, 2000 7,751 8.57 66 1.25% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-182
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 63,285 $5.02 $318 1.30% -41.42% December 31, 2000 6,381 8.57 55 1.30% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 255,320 $5.02 $1,282 1.40% -41.36% December 31, 2000 65,551 8.56 561 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 315,860 $5.02 $1,586 1.45% -41.36% December 31, 2000 44,024 8.56 377 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 109,712 $5.01 $550 1.55% -41.47% December 31, 2000 64,843 8.56 555 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 38,992 $5.01 $195 1.60% -41.47% December 31, 2000 58,710 8.56 503 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-183
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 54,573 $5.01 $274 1.65% -41.47% December 31, 2000 3,557 8.56 30 1.65% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 195,389 $5.00 $977 1.70% -41.59% December 31, 2000 15,695 8.56 134 1.70% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 108,649 $5.00 $543 1.75% -41.59% December 31, 2000 7,516 8.56 64 1.75% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 206,875 $5.00 $1,035 1.80% -41.52% December 31, 2000 12,698 8.55 109 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 216,863 $4.99 $1,082 1.90% -41.64% December 31, 2000 28,074 8.55 240 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - VALUE September 30, 2001 15,037 $5.04 $76 0.90% -41.19% December 31, 2000 2,995 8.57 26 0.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-184
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - VA BONUS OPTION III September 30, 2001 466 $4.99 $2 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 8,200 $5.00 $41 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - LANDMARK - 7% SOLUTION September 30, 2001 3,503 $4.99 $18 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 4,424 $4.99 $22 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 42,442 $4.98 $211 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 2,963 $4.98 $15 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-185
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SP JENNISON INTERNATIONAL GROWTH PORTFOLIO - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 6,285 $4.98 $31 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - APPRECIATION PORTFOLIO - GRANITE PRIMELITE - STANDARD September 30, 2001 415 $15.74 $7 1.25% -13.33% December 31, 2000 419 18.16 8 1.25% -1.68% December 31, 1999 711 18.47 13 1.25% 11.74% December 31, 1998 1,108 16.53 18 1.25% * December 31, 1997 - - - - - APPRECIATION PORTFOLIO - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 44,156 $15.61 $689 1.40% -13.42% December 31, 2000 45,655 18.03 823 1.40% -1.80% December 31, 1999 52,802 18.36 970 1.40% 11.48% December 31, 1998 58,107 16.47 957 1.40% 17.56% December 31, 1997 18,759 14.01 263 1.40% * SMITH BARNEY HIGH INCOME PORTFOLIO - GRANITE PRIMELITE - STANDARD September 30, 2001 4,246 $11.35 $48 1.25% -9.63% December 31, 2000 4,903 12.56 62 1.25% -9.25% December 31, 1999 5,981 13.84 83 1.25% 1.32% December 31, 1998 12,711 13.66 174 1.25% -0.80% December 31, 1997 73 13.77 1 1.25% * SMITH BARNEY HIGH INCOME PORTFOLIO - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 27,291 $11.24 $307 1.40% -9.79% December 31, 2000 30,852 12.46 384 1.40% -9.32% December 31, 1999 33,782 13.74 464 1.40% 1.18% December 31, 1998 46,593 13.58 633 1.40% -1.02% December 31, 1997 15,160 13.72 208 1.40% * SMITH BARNEY LARGE CAP VALUE PORTFOLIO - GRANITE PRIMELITE - STANDARD September 30, 2001 2,930 $18.29 $54 1.25% -14.29% December 31, 2000 3,364 21.34 72 1.25% 11.67% December 31, 1999 4,123 19.11 79 1.25% -1.24% December 31, 1998 1,600 19.35 31 1.25% * December 31, 1997 - - - 1.25% - S-186
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMITH BARNEY LARGE CAP VALUE PORTFOLIO - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 26,504 $18.11 $480 1.40% -14.41% December 31, 2000 29,285 21.16 620 1.40% 11.49% December 31, 1999 29,721 18.98 564 1.40% -1.35% December 31, 1998 34,859 19.24 671 1.40% * December 31, 1997 12,137 17.77 216 1.40% - SMITH BARNEY INTERNATIONAL EQUITY PORTFOLIO - GRANITE PRIMELITE - STANDARD September 30, 2001 1,970 $10.82 $21 1.25% -39.52% December 31, 2000 2,260 17.89 40 1.25% -24.77% December 31, 1999 2,572 23.78 61 1.25% 65.71% December 31, 1998 2,885 14.35 41 1.25% 5.13% December 31, 1997 130 13.65 2 1.25% * SMITH BARNEY INTERNATIONAL EQUITY PORTFOLIO - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 22,920 $10.72 $246 1.40% -39.57% December 31, 2000 23,397 17.74 415 1.40% -24.86% December 31, 1999 20,133 23.61 476 1.40% 65.34% December 31, 1998 19,916 14.28 285 1.40% 5.08% December 31, 1997 6,948 13.59 94 1.40% * SMITH BARNEY MONEY MARKET PORTFOLIO - GRANITE PRIMELITE - STANDARD September 30, 2001 9,765 $12.65 $123 1.25% 2.18% December 31, 2000 10,771 12.38 133 1.25% 4.74% December 31, 1999 10,885 11.82 129 1.25% 3.41% December 31, 1998 2,017 11.43 23 1.25% * December 31, 1997 - - - - - SMITH BARNEY MONEY MARKET PORTFOLIO - GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 8,106 $12.53 $102 1.40% 2.12% December 31, 2000 1,839 12.27 23 1.40% 4.51% December 31, 1999 38,389 11.74 450 1.40% 3.25% December 31, 1998 25,941 11.37 295 1.40% 3.65% December 31, 1997 16,571 10.97 182 1.40% * INTERNATIONAL EQUITY PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 5,218,702 $8.03 $41,911 1.40% -29.38% December 31, 2000 5,535,477 11.37 62,958 1.40% -26.97% December 31, 1999 4,666,041 15.57 72,629 1.40% 51.31% December 31, 1998 2,422,075 10.29 24,919 1.40% 3.94% December 31, 1997 90,783 9.90 899 1.40% * S-187
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL EQUITY PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 3,058,984 $8.07 $24,686 1.45% -29.40% December 31, 2000 1,257,278 11.43 14,365 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL EQUITY PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 2,226,022 $8.02 $17,853 1.55% -29.46% December 31, 2000 2,474,742 11.37 28,140 1.55% -26.97% December 31, 1999 1,959,322 15.57 30,538 1.55% 50.87% December 31, 1998 680,861 10.32 7,025 1.55% 3.72% December 31, 1997 36,098 9.95 359 1.55% * INTERNATIONAL EQUITY PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 982,192 $7.87 $7,730 1.90% -29.61% December 31, 2000 685,944 11.18 7,669 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL EQUITY PORTFOLIO - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 55,251 $7.98 $441 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL EQUITY PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 4,897,434 $7.96 $38,984 1.70% -29.50% December 31, 2000 5,326,265 11.29 60,130 1.70% -27.16% December 31, 1999 4,663,701 15.50 72,274 1.70% 50.93% December 31, 1998 1,736,713 10.27 17,841 1.70% 3.53% December 31, 1997 72,955 9.92 724 1.70% * INTERNATIONAL EQUITY PORTFOLIO - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 69,737 $7.93 $553 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-188
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL EQUITY PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 983,178 $8.00 $7,866 1.60% -29.45% December 31, 2000 804,897 11.34 9,130 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL EQUITY PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,218,081 $7.91 $9,635 1.80% -29.56% December 31, 2000 1,033,869 11.23 11,615 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL EQUITY PORTFOLIO - VALUE September 30, 2001 54,556 $8.32 $454 0.90% -29.07% December 31, 2000 52,151 11.73 611 0.90% * December 31, 1999 8,033 15.97 128 0.90% - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL EQUITY PORTFOLIO - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 49,790 $7.89 $393 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 12,391 $9.29 $115 1.40% -13.82% December 31, 2000 10,075 10.78 109 1.40% 0.75% December 31, 1999 4,460 10.70 48 1.40% * December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 72,758 $9.28 $675 1.45% -13.91% December 31, 2000 70,287 10.78 757 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-189
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ASSET ALLOCATION PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 6,214 $9.27 $57 1.55% -13.85% December 31, 2000 4,515 10.76 49 1.55% 0.56% December 31, 1999 832 10.70 9 1.55% * December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 9,691 $9.26 $90 1.60% -13.94% December 31, 2000 6,792 10.76 73 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 18,040 $9.24 $167 1.70% -13.97% December 31, 2000 18,669 10.74 200 1.70% 0.37% December 31, 1999 7,153 10.70 76 1.70% * December 31, 1998 - - - - - December 31, 1997 - - - - - ASSET ALLOCATION PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 12,024 $9.22 $111 1.80% -14.07% December 31, 2000 18,516 10.73 199 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 9,562 $8.18 $78 1.40% -28.31% December 31, 2000 10,577 11.41 121 1.40% -3.22% December 31, 1999 8,936 11.79 105 1.40% * December 31, 1998 - - - - - December 31, 1997 - - - - -
S-190
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EQUITY PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 48,730 $8.17 $398 1.45% -28.40% December 31, 2000 46,533 11.41 531 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 11,460 $8.15 $94 1.55% -28.45% December 31, 2000 12,157 11.39 138 1.55% -3.39% December 31, 1999 11,848 11.79 140 1.55% * December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 3,113 $8.15 $25 1.60% -28.38% December 31, 2000 3,426 11.38 39 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 5,845 $8.13 $48 1.70% -28.50% December 31, 2000 6,672 11.37 76 1.70% -3.48% December 31, 1999 4,420 11.78 52 1.70% * December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 14,840 $8.11 $120 1.80% -28.61% December 31, 2000 14,623 11.36 166 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-191
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH & INCOME PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II, GRANITE PRIMELITE - ANNUAL RATCHET September 30, 2001 8,525 $9.30 $79 1.40% -15.30% December 31, 2000 9,132 10.98 100 1.40% 4.08% December 31, 1999 8,512 10.55 90 1.40% * December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH & INCOME PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 7,227 $9.29 $67 1.45% -15.39% December 31, 2000 4,780 10.98 52 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH & INCOME PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 920 $9.27 $9 1.55% -15.42% December 31, 2000 992 10.96 11 1.55% 3.89% December 31, 1999 1,122 10.55 12 1.55% * December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH & INCOME PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 1,438 $9.26 $13 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH & INCOME PORTFOLIO - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 3,603 $9.24 $33 1.70% -15.54% December 31, 2000 3,904 10.94 43 1.70% 3.80% December 31, 1999 493 10.54 5 1.70% * December 31, 1998 - - - - - December 31, 1997 - - - - - S-192
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH & INCOME PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 807 $9.22 $8 1.80% -15.65% December 31, 2000 7,086 10.93 78 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HIGH QUALITY BOND PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 8,162 $11.74 $96 1.40% 6.24% December 31, 2000 4,745 11.05 53 1.40% 11.28% December 31, 1999 2,756 9.93 27 1.40% * December 31, 1998 - - - - - December 31, 1997 - - - - - HIGH QUALITY BOND PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 2,004 $11.73 $24 1.45% 6.25% December 31, 2000 2,299 11.04 25 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HIGH QUALITY BOND PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 959 $11.70 $11 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HIGH QUALITY BOND PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 1,476 $11.65 $17 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-193
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL COMPANY GROWTH PORTFOLIO - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 1,744 $10.66 $19 1.40% -20.15% December 31, 2000 1,744 13.35 23 1.40% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY GROWTH PORTFOLIO - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 1,143 $10.65 $12 1.45% -20.16% December 31, 2000 1,108 13.34 15 1.45% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY GROWTH PORTFOLIO - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 1,508 $10.63 $16 1.55% -20.20% December 31, 2000 1,380 13.32 19 1.55% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY GROWTH PORTFOLIO - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 973 $10.62 $10 1.60% -20.27% December 31, 2000 466 13.32 6 1.60% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY GROWTH PORTFOLIO - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 792 $10.58 $9 1.80% -20.33% December 31, 2000 627 13.28 8 1.80% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-194
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL COMPANY GROWTH PORTFOLIO - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 100 $10.56 $1 1.90% -20.42% December 31, 2000 100 13.27 1 1.90% * December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALLIANCEBERNSTEIN VALUE PORTFOLIO - VA OPTION II September 30, 2001 1,087 $9.29 $10 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALLIANCEBERNSTEIN VALUE PORTFOLIO - VA OPTION III September 30, 2001 706 $9.29 $7 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALLIANCEBERNSTEIN VALUE PORTFOLIO - VA BONUS OPTION I September 30, 2001 5,503 $9.29 $51 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALLIANCEBERNSTEIN VALUE PORTFOLIO - VA BONUS OPTION II September 30, 2001 13,142 $9.28 $122 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - ALLIANCEBERNSTEIN VALUE PORTFOLIO - VA BONUS OPTION III September 30, 2001 131 $9.28 $1 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-195
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ ALLIANCEBERNSTEIN VALUE PORTFOLIO - VA OPTION I September 30, 2001 6,285 $9.30 $59 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA OPTION II September 30, 2001 8,345 $8.71 $73 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA OPTION III September 30, 2001 260 $8.71 $2 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA BONUS OPTION I September 30, 2001 18,597 $8.71 $163 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA BONUS OPTION II September 30, 2001 17,005 $8.70 $148 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME PORTFOLIO - VA BONUS OPTION III September 30, 2001 489 $8.70 $4 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-196
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH AND INCOME PORTFOLIO - VA OPTION I September 30, 2001 9,543 $8.72 $83 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PREMIER GROWTH PORTFOLIO - VA OPTION II September 30, 2001 19,640 $8.37 $165 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PREMIER GROWTH PORTFOLIO - VA BONUS OPTION I September 30, 2001 2,297 $8.36 $19 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PREMIER GROWTH PORTFOLIO - VA BONUS OPTION II September 30, 2001 18,077 $8.36 $151 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PREMIER GROWTH PORTFOLIO - VA OPTION I September 30, 2001 1,757 $8.37 $15 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GET FUND SERIES N - VA OPTION II September 30, 2001 256,985 $10.04 $2,580 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-197
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GET FUND SERIES N - VA OPTION III September 30, 2001 120,777 $10.04 $1,213 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GET FUND SERIES N - VA BONUS OPTION I September 30, 2001 1,214,067 $10.04 $12,194 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GET FUND SERIES N - VA BONUS OPTION II September 30, 2001 759,884 $10.03 $7,622 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GET FUND SERIES N - VA BONUS OPTION III September 30, 2001 516,613 $10.03 $5,182 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GET FUND SERIES N - VA OPTION I September 30, 2001 377,973 $10.05 $3,799 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VALUE OPPORTUNITY PORTFOLIO - VA BONUS OPTION I September 30, 2001 1,005 $8.45 $9 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-198
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ VALUE OPPORTUNITY PORTFOLIO - VA BONUS OPTION II September 30, 2001 13,770 $8.45 $116 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS LARGE CAP PORTFOLIO - VA OPTION II September 30, 2001 955 $8.67 $8 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS LARGE CAP PORTFOLIO - VA OPTION III September 30, 2001 3 $8.66 - 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS LARGE CAP PORTFOLIO - VA BONUS OPTION I September 30, 2001 15,895 $8.66 $138 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS LARGE CAP PORTFOLIO - VA BONUS OPTION II September 30, 2001 2,067 $8.66 $18 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS LARGE CAP PORTFOLIO - VA BONUS OPTION III September 30, 2001 2,208 $8.65 $19 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-199
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INDEX PLUS LARGE CAP PORTFOLIO - VA OPTION I September 30, 2001 8,239 $8.67 $71 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS MID CAP PORTFOLIO - VA OPTION II September 30, 2001 6,355 $8.71 $55 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS MID CAP PORTFOLIO - VA OPTION III September 30, 2001 657 $8.71 $6 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS MID CAP PORTFOLIO - VA BONUS OPTION I September 30, 2001 2,354 $8.71 $20 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS MID CAP PORTFOLIO - VA BONUS OPTION II September 30, 2001 14,345 $8.70 $125 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS MID CAP PORTFOLIO - VA BONUS OPTION III September 30, 2001 872 $8.70 $8 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-200
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INDEX PLUS MID CAP PORTFOLIO - VA OPTION I September 30, 2001 8,522 $8.72 $74 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS SMALL CAP PORTFOLIO - VA OPTION II September 30, 2001 83 $8.63 $1 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS SMALL CAP PORTFOLIO - VA OPTION III September 30, 2001 591 $8.63 $5 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS SMALL CAP PORTFOLIO - VA BONUS OPTION I September 30, 2001 10,044 $8.63 $87 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS SMALL CAP PORTFOLIO - VA BONUS OPTION II September 30, 2001 649 $8.63 $6 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INDEX PLUS SMALL CAP PORTFOLIO - VA BONUS OPTION III September 30, 2001 880 $8.62 $7 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-201
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INDEX PLUS SMALL CAP PORTFOLIO - VA OPTION I September 30, 2001 6,647 $8.64 $57 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TACTICAL ALLOCATION PORTFOLIO - VA OPTION II September 30, 2001 147 $8.55 $1 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TACTICAL ALLOCATION PORTFOLIO - VA BONUS OPTION I September 30, 2001 4,021 $8.54 $35 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TACTICAL ALLOCATION PORTFOLIO - VA BONUS OPTION II September 30, 2001 9,728 $8.54 $83 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TACTICAL ALLOCATION PORTFOLIO - VA BONUS OPTION III September 30, 2001 4,485 $8.53 $38 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - TACTICAL ALLOCATION PORTFOLIO - VA OPTION I September 30, 2001 4,017 $8.55 $35 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-202
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EQUITY-INCOME PORTFOLIO - VA OPTION II September 30, 2001 9,550 $8.81 $84 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY-INCOME PORTFOLIO - VA OPTION III September 30, 2001 857 $8.81 $8 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY-INCOME PORTFOLIO - VA BONUS OPTION I September 30, 2001 23,780 $8.81 $210 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY-INCOME PORTFOLIO - VA BONUS OPTION II September 30, 2001 21,647 $8.80 $190 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY-INCOME PORTFOLIO - VA BONUS OPTION III September 30, 2001 1,166 $8.80 $10 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EQUITY-INCOME PORTFOLIO - VA OPTION I September 30, 2001 11,145 $8.82 $98 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-203
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH PORTFOLIO - VA OPTION II September 30, 2001 6,843 $7.97 $55 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH PORTFOLIO - VA BONUS OPTION I September 30, 2001 11,726 $7.97 $93 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH PORTFOLIO - VA BONUS OPTION II September 30, 2001 9,850 $7.96 $78 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH PORTFOLIO - VA BONUS OPTION III September 30, 2001 235 $7.96 $2 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH PORTFOLIO - VA OPTION I September 30, 2001 4,820 $7.98 $39 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CONTRAFUND PORTFOLIO - VA OPTION II September 30, 2001 7,572 $9.12 $69 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-204
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ CONTRAFUND PORTFOLIO - VA BONUS OPTION I September 30, 2001 19,943 $9.12 $182 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CONTRAFUND PORTFOLIO - VA BONUS OPTION II September 30, 2001 18,907 $9.11 $172 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CONTRAFUND PORTFOLIO - VA BONUS OPTION III September 30, 2001 14,239 $9.11 $130 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - CONTRAFUND PORTFOLIO - VA OPTION I September 30, 2001 3,262 $9.13 $30 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FINANCIAL SERVICES FUND - VA OPTION II September 30, 2001 5,770 $8.74 $51 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FINANCIAL SERVICES FUND - VA BONUS OPTION I September 30, 2001 3,356 $8.73 $29 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-205
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ FINANCIAL SERVICES FUND - VA BONUS OPTION II September 30, 2001 1,503 $8.73 $13 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FINANCIAL SERVICES FUND - VA BONUS OPTION III September 30, 2001 3,589 $8.72 $31 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - FINANCIAL SERVICES FUND - VA OPTION I September 30, 2001 4,073 $8.74 $36 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HEALTH SCIENCES FUND - VA OPTION II September 30, 2001 582 $9.73 $6 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HEALTH SCIENCES FUND - VA OPTION III September 30, 2001 248 $9.73 $2 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HEALTH SCIENCES FUND - VA BONUS OPTION I September 30, 2001 2,993 $9.73 $29 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-206
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ HEALTH SCIENCES FUND - VA BONUS OPTION II September 30, 2001 7,179 $9.72 $70 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HEALTH SCIENCES FUND - VA BONUS OPTION III September 30, 2001 22,414 $9.72 $218 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - HEALTH SCIENCES FUND - VA OPTION I September 30, 2001 3,940 $9.74 $38 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - UTILITIES FUND - VA OPTION II September 30, 2001 1,325 $7.89 $10 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - UTILITIES FUND - VA BONUS OPTION II September 30, 2001 318 $7.88 $3 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - UTILITIES FUND - VA BONUS OPTION III September 30, 2001 4,981 $7.87 $39 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-207
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ UTILITIES FUND - VA OPTION I September 30, 2001 1,980 $7.89 $16 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH PORTFOLIO - VA OPTION II September 30, 2001 5,656 $8.34 $47 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH PORTFOLIO - VA OPTION III September 30, 2001 2,386 $8.34 $20 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH PORTFOLIO - VA BONUS OPTION I September 30, 2001 17,529 $8.34 $146 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH PORTFOLIO - VA BONUS OPTION II September 30, 2001 4,021 $8.34 $33 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - WORLDWIDE GROWTH PORTFOLIO - VA BONUS OPTION III September 30, 2001 7,383 $8.33 $62 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-208
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ WORLDWIDE GROWTH PORTFOLIO - VA OPTION I September 30, 2001 10,619 $8.35 $89 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO - VA OPTION II September 30, 2001 7,081 $7.53 $53 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO - VA OPTION III September 30, 2001 1,204 $7.53 $9 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO - VA BONUS OPTION I September 30, 2001 6,212 $7.53 $47 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO - VA BONUS OPTION II September 30, 2001 8,173 $7.52 $62 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO - VA BONUS OPTION III September 30, 2001 283 $7.52 $2 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-209
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PPI MFS CAPITAL OPPORTUNITIES PORTFOLIO - VA OPTION I September 30, 2001 42 $7.53 - 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIONEER FUND VCT PORTFOLIO - VA OPTION II September 30, 2001 4,332 $8.62 $37 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIONEER FUND VCT PORTFOLIO - VA OPTION III September 30, 2001 522 $8.62 $5 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIONEER FUND VCT PORTFOLIO - VA BONUS OPTION I September 30, 2001 513 $8.62 $4 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIONEER FUND VCT PORTFOLIO - VA BONUS OPTION II September 30, 2001 1,234 $8.61 $11 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - PIONEER FUND VCT PORTFOLIO - VA BONUS OPTION III September 30, 2001 4,340 $8.61 $37 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-210
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ PIONEER FUND VCT PORTFOLIO - VA OPTION I September 30, 2001 550 $8.63 $5 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY VCT PORTFOLIO - VA OPTION II September 30, 2001 2,740 $8.30 $23 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY VCT PORTFOLIO - VA BONUS OPTION I September 30, 2001 13,287 $8.30 $110 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY VCT PORTFOLIO - VA BONUS OPTION II September 30, 2001 17,318 $8.29 $144 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY VCT PORTFOLIO - VA BONUS OPTION III September 30, 2001 10,527 $8.29 $87 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL COMPANY VCT PORTFOLIO - VA OPTION I September 30, 2001 2,345 $8.31 $19 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-211
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ BULL - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 2,589 $8.14 $22 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 3,141 $8.14 $26 1.30% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 104,706 $8.13 $851 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS STANDARD (POST JANUARY 2000) September 30, 2001 90,768 $8.13 $738 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 97,293 $8.13 $791 1.55% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-212
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ BULL - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 28,195 $8.13 $229 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 13,949 $8.12 $113 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 89,645 $8.12 $727 1.70% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 12,447 $8.12 $101 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 114,628 $8.12 $931 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 35,702 $8.12 $290 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-213
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ BULL - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 6,034 $8.12 $49 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - LANDMARK - 7% SOLUTION September 30, 2001 538 $8.11 $4 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 2,251 $8.11 $18 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 420 $8.11 $3 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 142 $8.11 $1 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - BULL - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 842 $8.10 $7 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-214
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL-CAP - DVA September 30, 2001 384 $8.00 $3 1.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - DVA PLUS - STANDARD (PRE FEBRUARY 2000) September 30, 2001 31,590 $7.99 $253 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 4,475 $7.99 $36 1.30% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 61,663 $7.99 $493 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 96,420 $7.99 $770 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-215
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL-CAP - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 73,672 $7.98 $588 1.55% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - ACCESS - ANNUAL RATCHET (POST JANUARY 2000), PREMIUM PLUS - ANNUAL RATCHET (POST JANUARY 2000) September 30, 2001 27,076 $7.98 $216 1.60% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 10,401 $7.98 $83 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 100,828 $7.98 $805 1.70% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 2,758 $7.98 $22 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 152,799 $7.98 $1,219 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - -
S-216
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL-CAP - ACCESS - MAX 7 (POST JANUARY 2000), PREMIUM PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 27,199 $7.97 $217 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - VALUE September 30, 2001 1,462 $7.96 $2 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 5,022 $7.97 $40 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - LANDMARK - 7% SOLUTION September 30, 2001 847 $7.97 $7 2.00% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 876 $7.97 $7 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - ACCESS - MAX 5.5 (POST APRIL 2001), LANDMARK - MAX 7 September 30, 2001 11,283 $7.97 $90 2.10% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-217
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ SMALL-CAP - ACCESS - 7% SOLUTION (POST APRIL 2001) September 30, 2001 272 $7.96 $2 2.15% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - SMALL-CAP - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 1,462 $7.96 $12 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - DVA PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 113 $7.81 $1 1.30% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - DVA PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) & 5.5% SOLUTION, ACCESS - STANDARD (PRE FEBRUARY 2000), PREMIUM PLUS - STANDARD (PRE FEBRUARY 2000), ES II September 30, 2001 4,392 $7.81 $34 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - DVA PLUS - ANNUAL RATCHET (POST JANUARY 2000), ACCESS - STANDARD (POST JANUARY 2000), PREMIUM PLUS - STANDARD (POST JANUARY 2000) September 30, 2001 259,160 $7.81 $2,024 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-218
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EUROPE 30 - DVA PLUS - 7% SOLUTION (PRE FEBRUARY 2000), ACCESS - ANNUAL RATCHET (PREFEBRUARY 2000) AND 5.5% SOLUTION, PREMIUM PLUS - ANNUAL RATCHET (PRE FEBRUARY 2000) AND 5.5% SOLUTION September 30, 2001 3,227 $7.80 $25 1.55% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - DVA PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 12,799 $7.80 $100 1.65% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - ACCESS - 7% SOLUTION (PRE FEBRUARY 2000), PREMIUM PLUS - 7% SOLUTION (PRE FEBRUARY 2000) September 30, 2001 131,030 $7.80 $1,022 1.70% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - DVA PLUS - MAX 7 (POST JANUARY 2000) September 30, 2001 24,737 $7.80 $193 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 355,969 $7.79 $2,773 1.80% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - ACCESS - 7% SOLUTION (POST JANUARY 2000), PREMIUM PLUS - 7% SOLUTION (POST JANUARY 2000) September 30, 2001 7,148 $7.79 $56 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-219
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ EUROPE 30 - VALUE September 30, 2001 240 $7.82 $2 0.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - ES II, MAX 7 (POST 2000), GENERATIONS - MAX 7 September 30, 2001 2,635 $7.79 $21 1.85% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - ACCESS - ANNUAL RATCHET (POST APRIL 2001) September 30, 2001 1,211 $7.79 $9 2.05% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - EUROPE 30 - ACCESS - MAX 7 (POST APRIL 2001) September 30, 2001 4,752 $7.78 $37 2.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME FUND - VA OPTION II September 30, 2001 1,716 $8.93 $15 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME FUND - VA BONUS OPTION I September 30, 2001 6,306 $8.92 $56 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-220
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ GROWTH AND INCOME FUND - VA BONUS OPTION II September 30, 2001 3,738 $8.92 $34 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME FUND - VA BONUS OPTION III September 30, 2001 349 $8.91 $3 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - GROWTH AND INCOME FUND - VA OPTION I September 30, 2001 3,886 $8.93 $35 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL GROWTH AND INCOME FUND - VA OPTION II September 30, 2001 89 $8.79 $1 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL GROWTH AND INCOME FUND - VA OPTION III September 30, 2001 1,097 $8.79 $10 1.40% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL GROWTH AND INCOME FUND - VA BONUS OPTION I September 30, 2001 8,564 $8.79 $75 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-221
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL GROWTH AND INCOME FUND - VA BONUS OPTION II September 30, 2001 673 $8.78 $6 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL GROWTH AND INCOME FUND - VA BONUS OPTION III September 30, 2001 7,566 $8.78 $67 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - INTERNATIONAL GROWTH AND INCOME FUND - VA OPTION I September 30, 2001 4,115 $8.80 $36 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VOYAGER FUND - VA OPTION II September 30, 2001 132 $7.18 $1 1.25% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VOYAGER FUND - VA BONUS OPTION I September 30, 2001 15,152 $7.18 $109 1.45% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VOYAGER FUND - VA BONUS OPTION II September 30, 2001 1,379 $7.17 $10 1.75% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - S-222
GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B NOTES TO FINANCIAL STATEMENTS - UNAUDITED SEPTEMBER 30, 2001 (CONTINUED) NOTE 6 - SUMMARY OF INVESTMENT AND EXPENSE RATIOS (CONTINUED) MORTALITY, EXPENSE UNIT NET ASSETS RISK & ASSET BASED TOTAL DIVISION/CONTRACT UNITS VALUE (000S) ADMIN CHARGES RETURN ------------------------------------------------------------------------------------------------------------------------------ VOYAGER FUND - VA BONUS OPTION III September 30, 2001 1,318 $7.17 $9 1.90% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - VOYAGER FUND - VA OPTION I September 30, 2001 2,560 $7.18 $18 0.95% * December 31, 2000 - - - - - December 31, 1999 - - - - - December 31, 1998 - - - - - December 31, 1997 - - - - - * Year of commencement of operations. S-223
-------------------------------------------------------------------------------- UNAUDITED FINANCIAL STATEMENTS OF GOLDEN AMERICAN LIFE INSURANCE COMPANY -------------------------------------------------------------------------------- For the Nine Months Ended September 30, 2001 GOLDEN AMERICAN LIFE INSURANCE COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Dollars in thousands, except per share data)
September 30, 2001 December 31, 2000 ------------------ ----------------- ASSETS Investments: Fixed maturities, available for sale, at fair value (cost: 2001 - $1,301,768; 2000 - $798,751)........................ $ 1,329,414 $ 792,578 Equity securities, at fair value (cost: 2001 - $66; 2000 - $8,611)................................... 52 6,791 Mortgage loans on real estate....................................... 215,059 99,916 Policy loans........................................................ 14,454 13,323 Short-term investments.............................................. -- 17,102 -------------- ------------- Total investments...................................................... 1,558,979 929,710 Cash and cash equivalents.............................................. 272,826 152,880 Reinsurance recoverable................................................ 21,891 19,331 Reinsurance recoverable from affiliate................................. 60,500 14,642 Due from affiliates.................................................... 10 38,786 Accrued investment income.............................................. 18,326 9,606 Deferred policy acquisition costs...................................... 635,737 635,147 Value of purchased insurance in force ................................. 17,286 25,942 Current income taxes recoverable....................................... 3 511 Deferred income tax asset.............................................. 4,757 9,047 Property and equipment, less allowances for depreciation of $9,337 in 2001 and $5,638 in 2000................................... 11,248 14,404 Goodwill, less accumulated amortization of $14,798 in 2001 and $11,964 in 2000................................................. 136,329 139,163 Other assets........................................................... 48,989 32,019 Separate account assets................................................ 9,244,329 9,831,489 -------------- ------------- Total assets........................................................... $ 12,031,210 $ 11,852,677 ============== ============= LIABILITIES AND STOCKHOLDER'S EQUITY Policy liabilities and accruals: Future policy benefits: Annuity and interest sensitive life products...................... $ 1,667,756 $ 1,062,891 Unearned revenue reserve.......................................... 6,436 6,817 Other policy claims and benefits.................................... 810 82 -------------- ------------- 1,675,002 1,069,790 Surplus notes.......................................................... 245,000 245,000 Revolving note payable................................................. 1,400 -- Due to affiliates...................................................... 9,429 19,887 Other liabilities...................................................... 95,356 69,374 Separate account liabilities........................................... 9,244,329 9,831,489 -------------- ------------- 11,270,516 11,235,540 Commitments and contingencies Stockholder's equity: Common stock, par value $10 per share, authorized, issued, and outstanding 250,000 shares...................................... 2,500 2,500 Additional paid-in capital.......................................... 714,640 583,640 Accumulated other comprehensive income (loss)....................... 5,067 (4,046) Retained earnings .................................................. 38,487 35,043 -------------- ------------- Total stockholder's equity............................................. 760,694 617,137 -------------- ------------- Total liabilities and stockholder's equity............................. $ 12,031,210 $ 11,852,677 ============== =============
F-1 GOLDEN AMERICAN LIFE INSURANCE COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Dollars in thousands) For the Nine For the Nine Months Ended Months Ended September 30, 2001 September 30, 2000 ------------------ ------------------ Revenues: Annuity and interest sensitive life product charges....... $ 117,308 $ 103,923 Management fee revenue.................................... 18,675 16,827 Net investment income..................................... 67,020 47,896 Realized losses on investments............................ (1,529) (4,546) ----------- ---------- 201,474 164,100 Insurance benefits and expenses: Annuity and interest sensitive life benefits: Interest credited to account balances..................... 124,061 146,672 Guaranteed benefits reserve change........................ 16,615 -- Benefit claims incurred in excess of account balances..... (5,557) 1,680 Underwriting, acquisition, and insurance expenses: Commissions............................................... 160,752 160,105 General expenses.......................................... 84,551 61,194 Insurance taxes, state licenses, and fees................. 5,030 4,047 Policy acquisition costs deferred....................... (60,031) (87,753) Amortization: Deferred policy acquisition costs..................... 40,214 49,527 Value of purchased insurance in force................... 4,097 3,181 Goodwill................................................ 2,834 2,834 Expense and charges reimbursed under modified coinsurance agreements (194,043) (220,249) ----------- ---------- 181,523 121,238 Interest expense............................................. 14,438 14,976 ----------- ---------- 195,961 136,214 ----------- ---------- Income before income taxes................................... 5,513 27,886 Income taxes................................................. 2,069 9,802 ----------- ---------- Net income................................................... $ 3,444 $ 18,084 =========== ==========
See accompanying notes. F-2 GOLDEN AMERICAN LIFE INSURANCE COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Dollars in thousands)
For the Nine For the Nine Months Ended Months Ended September 30, 2001 September 30, 2000 ------------------ ------------------ NET CASH PROVIDED BY OPERATING ACTIVITIES................... $ 190,373 $ 142,933 INVESTING ACTIVITIES Sale, maturity, or repayment of investments: Fixed maturities - available for sale.................... 406,428 158,731 Equity securities........................................ 6,956 5,196 Mortgage loans on real estate............................ 126,940 5,118 Policy loans - net....................................... -- 837 Short-term investments - net............................. 17,102 17,880 ------------- ------------ 557,426 187,762 Acquisition of investments: Fixed maturities - available for sale.................... (910,534) (105,606) Mortgage loans on real estate............................ (242,357) (9,786) Policy loans - net....................................... (1,131) -- ------------- ------------ (1,154,022) (115,392) Net purchases of property and equipment..................... (745) (1,898) Issuance of reciprocal loan agreement receivables........... -- (16,900) Receipt of repayment of reciprocal loan agreement receivables.............................................. -- 16,900 ------------- ------------ Net cash provided by(used in) investing activities......... (597,341) 70,472 FINANCING ACTIVITIES Proceeds from reciprocal loan agreement borrowings.......... 29,300 177,900 Repayment of reciprocal loan agreement borrowings........... (29,300) (177,900) Proceeds from revolving note payable........................ 1,400 66,100 Repayment of revolving note payable......................... -- (67,500) Receipts from annuity and interest sensitive life policies credited to account balances.................... 1,074,755 506,412 Return of account balances on annuity and interest sensitive life policies..................... (109,462) (126,803) Net reallocations to Separate Accounts...................... (570,779) (620,568) Contribution from parent ................................... 131,000 80,000 ------------- ------------ Net cash provided by (used in) financing activities......... 526,914 (162,359) ------------- ------------ Increase in cash and cash equivalents...................... 119,946 51,046 Cash and cash equivalents at beginning of period............ 152,880 76,690 ------------- ------------ Cash and cash equivalents at end of period.................. $ 272,826 $ 127,736 ============= ============ SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid during the period for Interest................................................. $ 14,949 $ 18,068 Taxes.................................................... $ 1 $ 28
See accompanying notes. F-3 GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) September 30, 2001 1. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All adjustments were of a normal recurring nature, unless otherwise noted in Management's Discussion and Analysis and the Notes to Financial Statements. Operating results for the nine months ended September 30, 2001 are not necessarily indicative of the results that may be expected for the year ending December 31, 2001. These financial statements should be read in conjunction with the financial statements and related footnotes included in the Golden American Life Insurance Company's annual report on Form 10-K for the year ended December 31, 2000. CONSOLIDATION The condensed consolidated financial statements include Golden American Life Insurance Company ("Golden American") and its wholly owned subsidiary, First Golden American Life Insurance Company of New York ("First Golden," and with Golden American, collectively, the "Companies"). All significant intercompany accounts and transactions have been eliminated. ORGANIZATION Golden American is a wholly owned subsidiary of Equitable of Iowa Companies, Inc. ("EIC" or the "Parent"). EIC is an indirect wholly owned subsidiary of ING Groep N.V., a global financial services holding company based in The Netherlands. SIGNIFICANT ACCOUNTING POLICIES New Accounting Standards: As of January 1, 2001, the Companies adopted FAS No. 133, Accounting for Derivative Instruments and Hedging Activities, as amended and interpreted by FAS No. 137, Accounting for Derivative Instruments and Hedging Activities - Deferral of the Effective Date of FASB Statement No. 133, FAS No. 138, Accounting for Certain Derivative Instruments and Certain Hedging Activities - an Amendment of FASB Statement No. 133, and certain FAS No. 133 implementation issues. This standard, as amended, requires companies to record all derivatives on the balance sheet as either assets or liabilities and measure those instruments at fair value. The manner in which companies are to record gains or losses resulting from changes in the fair values of those derivatives depends on the use of the derivative and whether it qualifies for hedge accounting. Adoption of FAS No. 133 did not have a material effect on the Companies' financial position or results of operations given the Companies' limited derivative and embedded derivative holdings. The Companies chose to elect a transition date of January 1, 1999 for embedded derivatives. Therefore, only those derivatives embedded in hybrid instruments issued, acquired or substantively modified by the entity on or after January 1, 1999 are recognized as separate assets or liabilities. The cumulative effect of the accounting change upon adoption was not material. Accounting for Derivative Instruments and Hedging Activities: The Companies may from time to time utilize various derivative instruments to manage interest rate and price risk (collectively, market risk). The Companies have appropriate controls in place, and financial exposures are monitored and managed by the Companies as an integral part of their overall risk management program. Derivatives are recognized on the balance sheet at their fair value. The Companies occasionally purchase a financial instrument that contains a derivative instrument that is "embedded" in the instrument. The Companies' insurance products are also reviewed to determine whether they contain an embedded derivative. The Companies assess whether the economic characteristics of the F-4 GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) September 30, 2001 1. BASIS OF PRESENTATION (continued) embedded derivative are clearly and closely related to the economic characteristics of the remaining component of the financial instrument or insurance product (i.e., the host contract) and whether a separate instrument with the same terms as the embedded instrument would meet the definition of a derivative instrument. When it is determined that the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract and that a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is separated from the host contract and carried at fair value. In cases where the host contract is measured at fair value, with changes in fair value reported in current period earnings, or the Companies are unable to reliably identify and measure the embedded derivative for separation from its host contract, the entire contract is carried on the balance sheet at fair value and is not designated as a hedging instrument. Pending Accounting Standards: In June 2001, the Financial Accounting Standards Board issued Statements of Financial Accounting Standards No. 141, "Business Combinations", and No. 142, "Goodwill and Other Intangible Assets", effective for fiscal years beginning after December 15, 2001. Under the new rules, goodwill and intangible assets deemed to have indefinite lives will no longer be amortized but will be subject to annual impairment tests in accordance with the Statements. Other intangible assets will continue to be amortized over their useful lives. The Companies are required to adopt the new rules effective January 1, 2002. The Companies are evaluating the impact of the adoption of these standards and have not yet determined the effect of adoption on their financial position and results of operations. STATUTORY Net loss for Golden American as determined in accordance with statutory accounting practices was $206,801,000 and $6,017,000 for the nine months ended September 30, 2001 and 2000, respectively. Total statutory capital and surplus was $323,288,000 at September 30, 2001 and $406,923,000 at December 31, 2000. The National Association of Insurance Commissioners has revised the Accounting Practices and Procedures Manual, the guidance that defines statutory accounting principles. The revised manual was effective January 1, 2001, and has been adopted, at least in part, by the States of Delaware and New York, which are the states of domicile for Golden American and First Golden, respectively. The revised manual has resulted in changes to the accounting practices that the Companies use to prepare their statutory-basis financial statements. The impact of these changes to the Companies' statutory-basis capital and surplus as of January 1, 2001 was not significant. RECLASSIFICATIONS Certain amounts in the prior period financial statements have been reclassified to conform to the September 30, 2001 financial statement presentation. 2. COMPREHENSIVE INCOME Comprehensive income includes all changes in stockholder's equity during a period except those resulting from investments by and distributions to the stockholder. During the third quarters of 2001 and 2000, total comprehensive income (loss) for the Companies amounted to $(4.8) million and $14.8 million, respectively, and $12.6 million and $21.8 million for the nine months ended September 30, 2001 and 2000, respectively. Other comprehensive income (loss) excludes net investment gains (losses) included in net income which merely represent transfers from unrealized to realized gains and losses. These amounts totaled $231,000 and $(834,000) during the third quarters of 2001 and 2000, respectively, and $45,000 and $(1.4) million for the nine months ended September 30, 2001 and 2000, respectively. Such amounts, which have been measured through the date of sale, are net of income taxes and adjustments for the value of purchased insurance in F-5 GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(CONTINUED) September 30, 2001 2. COMPREHENSIVE INCOME (continued) force and deferred policy acquisition costs totaling $160,000 and $(1,080,000) for the third quarters of 2001 and 2000, respectively, and $56,000 and $(3,121,000) for the nine months ended September 30, 2001 and 2000, respectively. 3. INVESTMENTS Investment Diversifications: The Companies' investment policies related to the investment portfolio require diversification by asset type, company, and industry and set limits on the amount which can be invested in an individual issuer. Such policies are at least as restrictive as those set forth by regulatory authorities. The following percentages relate to holdings at September 30, 2001 and December 31, 2000. Fixed maturities included investments in basic industrials (63% in 2001, 29% in 2000), conventional mortgage-backed securities (10% in 2001, 20% in 2000), financial companies (8% in 2001, 14% in 2000), and other asset-backed securities (1% in 2001, 20% in 2000). Mortgage loans on real estate have been analyzed by geographical location with concentrations by state identified as Ohio (20% in 2001 and 4% in 2000) and California (15% in 2001 and 15% in 2000). There are no other concentrations of mortgage loans on real estate in any state exceeding ten percent at September 30, 2001. Mortgage loans on real estate have also been analyzed by collateral type with significant concentrations identified in office buildings (22% in 2001 and 29% in 2000), industrial buildings (18% in 2001 and 11% in 2000), retail facilities (20% in 2001 and 18% in 2000), and multi-family apartments (36% in 2001 and 10% in 2000). Investment Valuation Analysis: The Companies analyze the investment portfolio at least quarterly in order to determine if the carrying value of any investment has been impaired. The carrying value of debt and equity securities is written down to fair value by a charge to realized losses when impairment in value appears to be other than temporary. During the first nine months of 2001, Golden American determined that the carrying value of four bonds exceeded their estimated net realizable value. As a result, during the nine months ended September 30, 2001, Golden American recognized a total pre-tax loss of $1,279,000 to reduce the carrying value of the bonds to their combined net realizable value of $565,000. 4. DERIVATIVE INSTRUMENTS The Companies may from time to time utilize various derivative instruments to manage interest rate and price risk (collectively, market risk). The Companies have appropriate controls in place, and financial exposures are monitored and managed by the Companies as an integral part of their overall risk management program. Derivatives are recognized on the balance sheet at their fair value. At September 30, 2001, the Companies did not utilize any such derivatives. The estimated fair values and carrying amounts of the Companies' embedded derivatives at September 30, 2001 were $0, net of reinsurance. The estimated fair values and carrying amounts of the embedded derivatives on a direct basis, before reinsurance, were $4.9 million. The fair value of these instruments was estimated based on quoted market prices, dealer quotations or internal estimates. 5. RELATED PARTY TRANSACTIONS Operating Agreements: Directed Services, Inc. ("DSI"), an affiliate, acts as the principal underwriter (as defined in the Securities Act of 1933 and the Investment Company Act of 1940, as amended) and distributor of the variable insurance products issued by the Companies. DSI is authorized to enter into agreements with broker/dealers to distribute the Companies' variable insurance products and appoint representatives of the broker/dealers as agents. The Companies paid commissions to DSI totaling $51,551,000 and $159,949,000 in the third quarter and the first nine months of 2001, respectively ($47,073,000 and $156,325,000, respectively, for the same periods of 2000). F-6 GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(CONTINUED) September 30, 2001 5. RELATED PARTY TRANSACTIONS (continued) Golden American provides certain managerial and supervisory services to DSI. The fee paid by DSI for these services is calculated as a percentage of average assets in the variable separate accounts. For the third quarter and nine months ended September 30, 2001, the fee was $5,749,000 and $17,282,000, respectively ($6,521,000 and $15,579,000, respectively, for the same periods of 2000). The Companies have an asset management agreement with ING Investment Management LLC ("ING IM"), an affiliate, in which ING IM provides asset management and accounting services. Under the agreement, the Companies record a fee based on the value of the assets managed by ING IM. The fee is payable quarterly. For the third quarter and the first nine months of 2001, the Companies incurred fees of $1,204,000 and $2,905,000, respectively, under this agreement ($596,000 and $1,870,000, respectively, for the same periods of 2000). Golden American has a guaranty agreement with Equitable Life Insurance Company of Iowa ("Equitable Life"), an affiliate. In consideration of an annual fee, payable June 30, Equitable Life guarantees to Golden American that it will make funds available, if needed, to Golden American to pay the contractual claims made under the provisions of Golden American's life insurance and annuity contracts. The agreement is not, and nothing contained therein or done pursuant thereto by Equitable Life shall be deemed to constitute, a direct or indirect guaranty by Equitable Life of the payment of any debt or other obligation, indebtedness, or liability, of any kind or character whatsoever, of Golden American. The agreement does not guarantee the value of the underlying assets held in separate accounts in which funds of variable life insurance and variable annuity policies have been invested. The calculation of the annual fee is based on risk based capital. For the nine months ended September 30, 2001 and 2000, Golden American incurred a fee of $12,000 and $7,000, respectively, under this agreement. Golden American provides certain advisory, computer, and other resources and services to Equitable Life. Revenues for these services, which reduced general expenses incurred by Golden American, totaled $1,360,000 and $4,079,000 for the third quarter and nine months ended September 30, 2001, respectively ($1,534,000 and $4,810,000, respectively, for the same periods of 2000). The Companies have a service agreement with Equitable Life in which Equitable Life provides administrative and financial related services. Under this agreement with Equitable Life, the Companies incurred expenses of $80,000 and $232,000 for the third quarter and nine months ended September 30, 2001, respectively ($339,000 and $1,006,000, respectively, for the same periods in 2000). During 2001, the State of Delaware Insurance Department approved expense sharing agreements with ING America Insurance Holdings for administrative, management, financial, and information technology services. Under these agreements with ING America Insurance Holdings, Golden American incurred expenses of $20.7 million for the nine months ended September 30, 2001. First Golden provides resources and services to DSI. Revenues for these services, which reduced general expenses incurred by First Golden, totaled $5,000 and $139,000 for the third quarter and nine months ended September 30, 2001, respectively ($54,000 and $162,000, respectively, for the same periods in 2000). Golden American provides resources and services to ING Mutual Funds Management Co., LLC, an affiliate. Revenues for these services, which reduced general expenses incurred by Golden American, totaled $0 and $478,000 for the third quarter and nine months ended September 30, 2001, respectively ($117,000 and $387,000, respectively, for the same periods in 2000). Golden American provides resources and services to United Life & Annuity Insurance Company, an affiliate. Revenues for these services, which reduced general expenses incurred by Golden American, totaled $93,000 and $292,000 for the third quarter and nine months ended September 30, 2001, respectively ($145,000 and $463,000, respectively, for the same periods in 2000). F-7 GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(CONTINUED) September 30, 2001 5. RELATED PARTY TRANSACTIONS (continued) Golden American provides resources and services to Security Life of Denver Insurance Company, an affiliate. Revenues for these services, which reduced general expenses incurred by the Companies, totaled $112,000 and $245,000 for the third quarter and nine months ended September 30, 2001, respectively ($65,000 and $173,000, respectively, for the same periods in 2000). The Companies provide resources and services to Southland Life Insurance Company, an affiliate. Revenues for these services, which reduced general expenses incurred by the Companies, totaled $34,000 and $97,000 for the third quarter and nine months ended September 30, 2001, respectively ($26,000 and $78,000, respectively, for the same periods in 2000). For the third quarter of 2001, the Companies received premiums, net of reinsurance, for variable products sold through eight affiliates, Locust Street Securities, Inc. ("LSSI"), Vestax Securities Corporation ("Vestax"), DSI, Multi-Financial Securities Corporation ("Multi-Financial"), IFG Network Securities, Inc. ("IFG"), Washington Square Securities, Inc. ("Washington Square"), PrimeVest Financial ("PrimeVest"), and Compulife Investor Services, Inc. ("Compulife") of $28.8 million, $8.7 million, $0.2 million, $6.6 million, $3.1 million, $25.0 million, $9.8 million and $1.5 million, respectively ($6.0 million, $0.7 million, $0, $2.1 million, $2.7 million, $0, $0, and $0, respectively, for the same period of 2000). For the first nine months of 2001, the Companies received premiums, net of reinsurance for variable products sold through eight affiliates, LSSI, Vestax, DSI, Multi-Financial, IFG, Washington Square, PrimeVest, and Compulife of $66.7 million, $21.6 million, $0.6 million, $15.6 million, $8.6 million, $53.9 million, $20.7 million, and $5.3 million, respectively ($73.0 million, $29.0 million, $0.8 million, $23.2 million, $11.0 million, $0, $0, and $0, respectively, for the same period of 2000). For the third quarter and nine months ended September 30, 2001, First Golden received premiums for fixed annuities products sold through Washington Square of approximately $0.3 million and $0.8 million, respectively. Modified Coinsurance Agreement: On June 30, 2000, effective January 1, 2000, Golden American entered into a modified coinsurance agreement with Equitable Life, an affiliate, covering a considerable portion of Golden American's variable annuities issued after January 1, 2000, excluding those with an interest rate guarantee. The financial statements are presented net of the effects of the agreement. Under this agreement, Golden American received a net reimbursement of expenses and charges of $31.6 million and $192.5 million for the third quarter and the nine months ended September 30, 2001, respectively ($102.9 million and $214.7 million for the same periods in 2000). This was offset by a decrease in deferred acquisition costs of $50.1 million and $210.9 million, respectively, for the third quarter and the nine months ended September 30, 2001 ($103.7 million and $213.0 million for the same periods in 2000). At September 30, 2001, Golden American had a receivable from Equitable Life of $1.9 million due to the timing of the cash settlement for the modified coinsurance agreement. As at December 31, 2000, Golden American had a payable of $16.3 million under the agreement. Reinsurance Agreement Covering Minimum Guaranteed Benefits: On December 28, 2000, Golden American entered into a reinsurance agreement with Security Life of Denver International Limited, an affiliate, covering minimum guaranteed death benefits and minimum guaranteed living benefits of variable annuities issued after January 1, 2000. An irrevocable letter of credit was obtained through Bank of New York in the amount of $60.0 million related to this agreement. Under this agreement, Golden American recorded a reinsurance recoverable of $60.5 million and $14.6 million at September 30, 2001 and December 31, 2000, respectively. F-8 GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(CONTINUED) September 30, 2001 5. RELATED PARTY TRANSACTIONS (continued) Reciprocal Loan Agreement: Golden American maintains a reciprocal loan agreement with ING America Insurance Holdings, Inc. ("ING AIH"), a Delaware corporation and affiliate, to facilitate the handling of unusual and/or unanticipated short-term cash requirements. Under this agreement, which became effective January 1, 1998 and expires December 31, 2007, Golden American and ING AIH can borrow up to $65,000,000 from one another. Prior to lending funds to ING AIH, Golden American must obtain the approval of the Department of Insurance of the State of Delaware. Interest on any Golden American borrowings is charged at the rate of ING AIH's cost of funds for the interest period plus 0.15%. Interest on any ING AIH borrowings is charged at a rate based on the prevailing interest rate of U.S. commercial paper available for purchase with a similar duration. Under this agreement, Golden American incurred interest expense of $0 and $91,000 for the third quarters of 2001 and 2000, respectively, and $25,000 and $427,000 for the nine months ended September 30, 2001 and 2000, respectively. At September 30, 2001, Golden American did not have any borrowings or receivables from ING AIH under this agreement. Surplus Notes: On December 30, 1999, Golden American issued an 8.179% surplus note in the amount of $50,000,000 to Equitable Life. The note matures on December 29, 2029. Payment of the note and related accrued interest is subordinate to payments due to policyholders, claimant and beneficiary claims, as well as debts owed to all other classes of debtors, other than surplus note holders, of Golden American. Any payment of principal and/or interest made is subject to the prior approval of the Delaware Insurance Commissioner. Under this agreement, Golden American incurred interest expense of $1,031,000 and $1,020,000 for the third quarters of 2001 and 2000, respectively, and $3,059,000 and $3,076,000 for the nine months ended September 30, 2001 and 2000, respectively. On December 8, 1999, Golden American issued a 7.979% surplus note in the amount of $35,000,000 to First Columbine Life Insurance Company ("First Columbine"), an affiliate. The note matures on December 7, 2029. Payment of the note and related accrued interest is subordinate to payments due to policyholders, claimant and beneficiary claims, as well as debts owed to all other classes of debtors, other than surplus note holders, of Golden American. Any payment of principal and/or interest made is subject to the prior approval of the Delaware Insurance Commissioner. Under this agreement, Golden American incurred interest expense of $704,000 and $696,000 for the third quarters of 2001 and 2000, respectively, and $2,089,000 and $2,271,000 for the first nine months of 2001 and 2000, respectively. On September 30, 1999, Golden American issued a 7.75% surplus note in the amount of $75,000,000 to ING AIH. The note matures on September 29, 2029. Payment of the note and related accrued interest is subordinate to payments due to policyholders, claimant, and beneficiary claims, as well as debts owed to all other classes of debtors, other than surplus note holders, of Golden American. Any payment of principal and/or interest made is subject to the prior approval of the Delaware Insurance Commissioner. Under this agreement, Golden American incurred interest expense of $1,465,000 and $1,449,000 for the third quarters of 2001 and 2000, respectively, and $4,347,000 and $4,355,000 for the first nine months of 2001 and 2000, respectively. On December 30, 1999, ING AIH assigned the note to Equitable Life. On December 30, 1998, Golden American issued a 7.25% surplus note in the amount of $60,000,000 to Equitable Life. The note matures on December 29, 2028. Payment of the note and related accrued interest is subordinate to payments due to policyholders, claimant, and beneficiary claims, as well as debts owed to all other classes of debtors, other than surplus note holders, of Golden American. Any payment of principal and/or interest made is subject to the prior approval of the Delaware Insurance Commissioner. Under this agreement, Golden American incurred interest expense of $1,096,000 and $1,088,000 for the third quarters of 2001 and 2000, respectively, and $3,254,000 and $3,263,000 for the first nine months of 2001 and 2000, respectively. F-9 GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(CONTINUED) September 30, 2001 5. RELATED PARTY TRANSACTIONS (continued) On December 17, 1996, Golden American issued an 8.25% surplus note in the amount of $25,000,000 to Equitable of Iowa Companies. The note matures on December 17, 2026. Payment of the note and related accrued interest is subordinate to payments due to policyholders, claimant, and beneficiary claims, as well as debts owed to all other classes of debtors of Golden American. Any payment of principal made is subject to the prior approval of the Delaware Insurance Commissioner. Golden American incurred interest totaling $516,000 for the third quarters of 2001 and 2000, respectively, and $1,547,000 for the first nine months of 2001 and 2000, respectively. Stockholder's Equity: During the third quarter and the first nine months of 2001, Golden American received capital contributions from its Parent of $124,000,000 and $131,000,000, respectively ($0 and $80,000,000, respectively, for the same periods in 2000). 6. COMMITMENTS AND CONTINGENCIES Reinsurance: At September 30, 2001, the Companies had reinsurance treaties with five unaffiliated reinsurers and three affiliated reinsurers covering a significant portion of the minimum guaranteed death and living benefits under its variable contracts as of September 30, 2001. Golden American remains liable to the extent its reinsurers do not meet their obligations under the reinsurance agreements. At September 30, 2001 and December 31, 2000, the Companies had net receivables of $82,391,000 and $33,973,000, respectively, for reinsurance claims, reserve credits, or other receivables from these reinsurers. These net receivables were comprised of $2,955,000 and $1,820,000, respectively, for claims recoverable from reinsurers, $4,024,000 and $4,007,000, respectively, for a payable for reinsurance premiums, $60,500,000 and $14,642,000, respectively, for reserve credits, and $22,960,000 and $21,518,000, respectively, for a receivable from an unaffiliated reinsurer. Included in the accompanying financial statements are net considerations to reinsurers of $8,593,000 for the third quarter of 2001 and $21,211,000 for the first nine months of 2001 compared to $6,564,000 and $14,472,000 for the same periods in 2000. Also included in the accompanying financial statements are net policy benefits of $13,314,000 for the third quarter of 2001 and $25,091,000 for the first nine months of 2001 compared to $1,122,000 and $2,957,000 for the same period in 2000. On June 30, 2000, effective January 1, 2000, Golden American entered into a modified coinsurance agreement with Equitable Life, an affiliate, covering a considerable portion of Golden American's variable annuities issued after January 1, 2000, excluding those with an interest rate guarantee. For the nine months ended September 30, 2001, Golden American had received a total settlement of $192.5 million under this agreement, compared to $214.7 million for the same period in 2000. The carrying value of the separate account liabilities covered under this agreement represent 26.3% of total separate account liabilities outstanding at September 30, 2001, compared to 17.1% at September 30, 2000. Golden American remains liable to the extent Equitable Life does not meet its obligations under the agreement. The accompanying financial statements are presented net of the effects of the agreement. On December 28, 2000, Golden American entered into a reinsurance agreement with Security Life of Denver International Limited, an affiliate, covering minimum guaranteed death benefits and minimum guaranteed living benefits of variable annuities issued after January 1, 2000. An irrevocable letter of credit was obtained through Bank of New York in the amount of $60,000,000 related to this agreement. On December 29, 2000, First Golden entered into a reinsurance treaty with London Life Reinsurance Company of Pennsylvania, an unaffiliated reinsurer, covering the minimum guaranteed death benefits of First Golden's variable annuities issued after January 1, 2000. Effective June 1, 1994, Golden American entered into a modified coinsurance agreement with an unaffiliated reinsurer. The accompanying financial statements are presented net of the effects of the treaty. GOLDEN AMERICAN LIFE INSURANCE COMPANY NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(CONTINUED) September 30, 2001 6. COMMITMENTS AND CONTINGENCIES (continued) Investment Commitments: At September 30, 2001, outstanding commitments to fund mortgage loans totaled $35,000,000. There were no outstanding commitments to fund mortgage loans at December 31, 2000. Guaranty Fund Assessments: Assessments are levied on the Companies by life and health guaranty associations in most states in which the Companies are licensed to cover losses of policyholders of insolvent or rehabilitated insurers. In some states, these assessments can be partially offset through a reduction in future premium taxes. The Companies cannot predict whether and to what extent legislative initiatives may affect the right to offset. The associated cost for a particular insurance company can vary significantly based upon its fixed account premium volume by line of business and state premiums as well as its potential for premium tax offset. The Companies have established an undiscounted reserve to cover such assessments, review information regarding known failures, and revise estimates of future guaranty fund assessments. The Companies charged to expense $2,000 in guaranteed fund assessments in the first nine months of 2001 and 2000. At September 30, 2001 and December 31, 2000, the Companies have an undiscounted reserve $2,430,000 to cover future assessments (net of related anticipated premium tax offsets), and have established an asset totaling $691,000 and $733,000, respectively, for assessments paid which may be recoverable through future premium tax offsets. The Companies believe this reserve is sufficient to cover expected future guaranty fund assessments based upon previous premiums and known insolvencies at this time. Litigation: The Companies, like other insurance companies, may be named or otherwise involved in lawsuits, including class action lawsuits and arbitrations. In some class action and other actions involving insurers, substantial damages have been sought and/or material settlement or award payments have been made. The Companies currently believe no pending or threatened lawsuits or actions exist that are reasonably likely to have a material adverse impact on the Companies. Vulnerability from Concentrations: The Companies have various concentrations in the investment portfolio. As of September 30, 2001, the Companies had one investment (other than bonds issued by agencies of the United States government) exceeding ten percent of stockholder's equity. The Companies' asset growth, net investment income, and cash flow are primarily generated from the sale of variable and fixed insurance products and associated future policy benefits and separate account liabilities. Substantial changes in tax laws that would make these products less attractive to consumers and extreme fluctuations in interest rates or stock market returns, which may result in higher lapse experience than assumed, could cause a severe impact on the Companies' financial condition. One broker/dealer generated 10% of the Companies' net sales during the third quarter of 2001 (27% by two broker/dealers in the same period of 2000). One broker/dealer generated 10% of the Companies' net sales during the first nine months of 2001 (12% by one broker/dealer in the same period of 2000). The Premium Plus product generated 47% and 50% of the Companies' sales during the third quarter of 2001 and the first nine months of 2001 (73% and 74% in the same periods of 2000). The ES II product generated 16% of the Companies' sales during the third and the first nine months of 2001 (12% in the same periods of 2000). The Guarantee product, introduced in the fourth quarter of 2000, generated 11% and 16% of the Companies' sales during the third quarter and the first nine months of 2001. Revolving Note Payable: To enhance short-term liquidity, the Companies established revolving notes payable with SunTrust Bank, Atlanta (the "Bank"). These revolving notes payable were amended and restated in April 2001 with an expiration date of May 31, 2002. The note was approved by the Boards of Directors of Golden American and First Golden on August 5, 1998 and September 29, 1998, respectively. The total amount the Companies may have outstanding is $85,000,000, of which Golden American and First Golden have individual credit sublimits of $75,000,000 and $10,000,000, respectively. The notes accrue interest at an annual rate equal to: (1) the cost of funds for the Bank for the period applicable for the advance plus 0.225% or (2) a rate quoted by the Bank to the Companies for the advance. The terms of the agreement require the Companies to maintain the minimum level of Company Action Level Risk Based Capital as established by applicable state law or regulation. During the third quarters ended September 30, 2001 and 2000, the F-10 Companies incurred interest expense of $118,000 and $0, respectively. During the nine months ended September 30, 2001 and 2000, the Companies incurred interest expense of $117,000 and $36,000, respectively. At September 30, 2001 and December 31, 2000, the Companies had borrowings of $1,400,000 and $0, respectively, under these agreements. 7. MERGER OF FIRST GOLDEN WITH RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK On September 25, 2001, the Board of Directors of First Golden approved a plan of merger to merge First Golden into ReliaStar Life Insurance Company of New York ("ReliaStar of NY"). The merger is anticipated to be effective on January 1, 2002 (the "merger date"), subject to the approval of the Insurance Department of the State of New York, which has the discretion, as deemed necessary, to hold a public hearing with regard to the merger. If approved, on the merger date, First Golden will cease to exist and will be succeeded by ReliaStar of NY. SUBSEQUENT EVENT. Subsequent to the filing with the Securities and Exchange Commission of the Golden American Life Insurance Company Form 10-Q as of September 30, 2001, the anticipated effective date of the proposed merger of First Golden American Life Insurance Company of New York into ReliaStar Life Insurance Company of New York ("RLNY") was moved to April 1, 2002, or shortly thereafter, subject to the approval of the Insurance Departments of the States of New York, Delaware and Minnesota. F-11 PART C - OTHER INFORMATION Item 24. Financial Statements and Exhibits (a) Financial Statements: (1) Audited financial statements as of December 31, 2000 for Golden American Life Insurance Company and Golden American Separate Account B are included in either the Prospectus or the Statement of Additional Information, as indicated therein are incorporated by reference in Parts A and B (2) Included in Part A Financial Statements as of September 30, 2001 (unaudited) for Golden American Life Insurance Company (3) Included in Part B Financial Statements as of September 30, 2001 (unaudited) for Golden American Life Insurance Company Separate Account B (4) Schedules I, III and IV follow. All other schedules to the consolidated financial statements required by Article 7 of Regulation S-X are omitted because they are not applicable or because the information is included elsewhere in the consolidated financial statements or notes thereto. SCHEDULE I SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES (DOLLARS IN THOUSANDS)
BALANCE SHEET DECEMBER 31, 2000 COST(1) VALUE AMOUNT --------------------------------------------------------------------------------- --------------- -------------- ------------- TYPE OF INVESTMENT Fixed maturities, available for sale: Bonds: United States government and governmental agencies and authorities.... $18,607 $19,171 $19,171 Public utilities...................................................... 54,132 52,826 52,826 Corporate securities.................................................. 355,890 349,202 349,202 Other asset-backed securities......................................... 223,787 224,122 224,122 Mortgage-backed securities............................................ 146,335 147,257 147,257 --------------- -------------- ------------- Total fixed maturities, available for sale............................ 798,751 792,578 792,578 Equity securities: Common stocks: industrial, miscellaneous, and all other............... 8,611 6,791 6,791 Mortgage loans on real estate......................................... 99,916 99,916 Policy loans.......................................................... 13,323 13,323 Short-term investments................................................ 106,775 106,775 --------------- ------------- Total investments..................................................... $1,027,376 $1,019,383 =============== =============
Note 1: Cost is defined as original cost for common stocks, amortized cost for bonds and short-term investments, and unpaid principal for policy loans and mortgage loans on real estate, adjusted for amortization of premiums and accrual of discounts. 1 SCHEDULE III SUPPLEMENTARY INSURANCE INFORMATION (DOLLARS IN THOUSANDS)
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I COLUMN J COLUMN K ---------------------------------------------------------------------------------------------------------------------------------- FUTURE POLICY AMORTIZA- BENEFITS, OTHER BENEFITS TION OF LOSSES, POLICY CLAIMS, DEFERRED DEFERRED CLAIMS CLAIMS INSURANCE LOSSES POLICY POLICY AND UNEARNED AND PREMIUMS NET AND ACQUI- OTHER ACQUISITION LOSS REVENUE BENEFITS AND INVESTMENT SETTLEMENT SITION OPERATING PREMIUMS SEGMENT COSTS EXPENSES RESERVE PAYABLE CHARGES INCOME EXPENSES COSTS EXPENSES* WRITTEN ---------------------------------------------------------------------------------------------------------------------------------- YEAR ENDED DECEMBER 31, 2000: Life insurance $635,147 $1,062,891 $6,817 $82 $144,877 $64,140 $200,031 $55,154 $143,300 -- YEAR ENDED DECEMBER 31, 1999: Life insurance 528,957 1,033,701 6,300 8 82,935 59,169 182,221 33,119 (83,827) -- YEAR ENDED DECEMBER 31, 1998: Life insurance 204,979 881,112 3,840 -- 39,119 42,485 96,968 5,148 (26,406) --
* This includes policy acquisition costs deferred for first year commissions and interest bonuses, premium credit, and other expenses related to the production of new business. The costs related to first year interest bonuses and the premium credit are included in benefits, claims, losses, and settlement expenses. 2 SCHEDULE IV REINSURANCE
Column A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F ---------------------------------------------------------------------------------------------------------------------------------- PERCENTAGE CEDED TO ASSUMED OF AMOUNT GROSS OTHER FROM OTHER NET ASSUMED AMOUNT COMPANIES COMPANIES AMOUNT TO NET ---------------------------------------------------------------------------------------------------------------------------------- AT DECEMBER 31, 2000: Life insurance in force................. $196,334,000 $105,334,000 -- $91,000,000 -- ================================================================================== AT DECEMBER 31, 1999: Life insurance in force................. $225,000,000 $119,575,000 -- $105,425,000 -- ================================================================================== AT DECEMBER 31, 1998: Life insurance in force................. $181,456,000 $111,552,000 -- $69,904,000 -- ==================================================================================
3 EXHIBITS 1 Resolution of the Board of Directors of Depositor authorizing the establishment of the Registrant (1) 2 Not applicable 3 (a) Distribution Agreement between the Depositor and Directed Services, Inc. (1) (b) Form of Dealers Agreement (1) (c) Organizational Agreement (1) (d) Addendum to Organizational Agreement (1) (e) Expense Reimbursement Agreement (1) (f) Form of Assignment Agreement for Organization Agreement (1) 4 (a) Form of Variable Annuity Group Master Contract (2) (b) Form of Variable Annuity Contract (2) (c) Form of Variable Annuity Certificate (2) (d) Form of Endorsement for GET Fund (2) (e) Form of Endorsement for Premium Bonus (2) 5 Not applicable 6 (a) Resolution of the Board of Directors for Powers of Attorney, dated 04/23/99 (1) (b) Certificate of Amendment of the Restated Articles of Incorporation of Golden American Life Insurance Company, dated 03/01/95 (1) (c) By-laws of Golden American Life Insurance Company, dated 01/07/94 (1) 7 Not applicable 8 (a) Participation Agreement between Golden American Life Insurance Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund, on behalf of each of its series, and Aetna Variable Portfolios, Inc., on behalf of each of its series (each a "Fund" or in the aggregate "Funds"), and Aeltus Investment Management, Inc. ("Aeltus" or "Adviser") (3) (b) Form of Participation Agreement between Golden American Life Insurance Company and Alliance Capital Management L.P. and Alliance Fund Distributors, Inc. (2) (c) Participation Agreement between Golden American Life Insurance Company and Variable Insurance Products Funds, Fidelity Distributors Corporation (3) (d) Form of Administrative Services Agreement and Form of Participation Agreement between Golden American Life Insurance Company and INVESCO Variable Investment Funds, Inc. (2) (e) Form of Participation Agreement and Form of Distribution and Shareholder Services Agreement between Golden American Life Insurance Company and Janus Aspen Series Service Shares (2) (f) Participation Agreement between Golden American Life Insurance Company and Brinson Series Trust (3) (g) Form of Participation Agreement between Golden American Life Insurance Company and Pilgrim Variable Products Trust and Pilgrim Variable Insurance Trust (2) (h) Participation Agreement between Golden American Life Insurance Company, PIMCO Variable Insurance Trust, and PIMCO Funds Distributors LLC (2) (i) Form of Participation Agreement between Golden American Life Insurance Company and Pioneer Variable Contracts Trust, Pioneer Investment Management, Inc. and Pioneer Funds Distributor, Inc. (2) (j) Form of Participation Agreement between Golden American Life Insurance Company, Portfolio Partners, Inc. and Aetna Life Insurance and Annuity Company (2) (k) Participation Agreement between Golden American Life Insurance Company, The Prudential Series Fund, Inc., The Prudential Insurance Company of America, and Prudential Investment Management Services LLC (2) (l) Form of Participation Agreement between Golden American Life Insurance Company and Putnam Variable Trust and Putnam Retail Management, Inc. (2) (m) Service Agreement between Golden American Life Insurance Company and Equitable Life Insurance Company of Iowa (2) (n) Service Agreement between Golden American Life Insurance Company and Directed Services, Inc. (1) (o) Asset Management Agreement between Golden American Life Insurance Company and ING Investment Management LLC (1) (p) Reciprocal Loan Agreement between Golden American Life Insurance Company and ING America Insurance Holdings, Inc.(1) (q) Revolving Note Payable between Golden American Life Insurance Company and SunTrust Bank (1) (r) Surplus Note, dated 12/17/96, between Golden American Life Insurance Company and Equitable of Iowa Companies (1) (s) Surplus Note, dated 12/30/98, between Golden American Life Insurance Company and Equitable Life Insurance Company of Iowa (1) (t) Surplus Note, dated 09/30/99, between Golden American Life Insurance Company and ING AIH (1) (u) Surplus Note, dated 12/08/99, between Golden American Life Insurance Company and First Columbine Life Insurance Company (1) (v) Surplus Note, dated 12/30/99, between Golden American Life Insurance Company and Equitable of Iowa Companies (1) (w) Reinsurance Agreement, dated 06/30/00, between Golden American and Equitable Life Insurance Company of Iowa (1) (x) Renewal of Revolving Note Payable between Golden American and SunTrust Bank as of July 31, 2000 and expiring July 31, 2001 (1) (y) Participation Agreement between Golden American Life Insurance Company and AIM Advisors, Inc.(4) (z) Form of Services Agreement among Golden American Life Insurance Company and ING affiliated Insurance Companies listed on Exhibit B(4) (aa)Form of Services Agreement between Golden American Life Insurance Company and ING North American Insurance Corporation, Inc.(4) (bb)Form of Shared Services Center Agreement among ING North American Insurance Corporation, Inc. and ING affiliated Insurance Companies(4) 9 Opinion and Consent of Linda E. Senker, Counsel 10(a) Consent of Ernst & Young LLP, Independent Auditors (b) Consent of Counsel, incorporated in Item 9 of this Part C, together with the opinion of Counsel 11 Not applicable 12 Not applicable 13 Not applicable 14 Not applicable 15 Powers of Attorney 16 Subsidiaries of ING Groep N.V. (4) ---------------------------------------- (1) Incorporated by reference to Initial Registration Statement on Form N-4 for Separate Account B filed with the Securities and Exchange Commission on March 19, 2001 (File Nos. 333-57218, 811-5626) (2) Incorporated by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Separate Account B filed with the Securities and Exchange Commission on July 3, 2001 (File Nos. 333-57218, 811-5626) (3) Incorporated by reference to Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Separate Account B filed with the Securities and Exchange Commission on September 6, 2001 (File Nos. 333-57218, 811-5626) (4) Incorporated by reference to Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 for Separate Account B filed with the Securities and Exchange Commission on December 6, 2001 (File Nos 333-57218, 811-5626) ITEM 25: DIRECTORS AND OFFICERS OF THE DEPOSITOR Principal Position(s) Name Business Address with Depositor ---- ---------------- -------------- Robert C. Salipante ReliaStar Financial Corp. Director and Chief 20 Washington Avenue South Executive Officer Minneapolis, MN 55402 Chris D. Schreier ReliaStar Financial Corp. President 20 Washington Avenue South Minneapolis, MN 55402 Thomas J. McInerney ING Aetna Financial Services Director 151 Farmington Avenue Hartford, CT 06156 Mark A. Tullis ING Insurance Operations Director 5780 Powers Ferry Road Atlanta, GA 30327-4390 Phillip R. Lowery ING Insurance Operations Director 5780 Powers Ferry Road Atlanta, GA 30327-4390 Wayne R. Huneke ING Insurance Operations Director and Chief 5780 Powers Ferry Road Financial Officer Atlanta, GA 30327-4390 James R. McInnis Golden American Life Ins. Co. Executive Vice President 1475 Dunwoody Drive and Chief Marketing West Chester, PA 19380 Officer Stephen J. Preston Golden American Life Ins. Co. Executive Vice President 1475 Dunwoody Drive and Chief Actuary West Chester, PA 19380 Steven G. Mandel Golden American Life Ins. Co. Senior Vice President and 1475 Dunwoody Drive Chief Information Officer West Chester, PA 19380 David L. Jacobson Golden American Life Ins. Co. Senior Vice President and 1475 Dunwoody Drive Assistant Secretary West Chester, PA 19380 William L. Lowe Equitable of Iowa Companies Senior Vice President, 909 Locust Street Sales & Marketing Des Moines, IA 50309 David S. Pendergrass ING Insurance Operations Vice President and 5780 Powers Ferry Road Treasurer Atlanta, GA 30327-4390 Paula Cludray-Engelke ReliaStar Financial Corp. Secretary 20 Washington Avenue South Minneapolis, MN 55402 Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant ------------------------------------------------------------------------------- The Depositor owns 100% of the stock of a New York company, First Golden American Life Insurance Company of New York ("First Golden"). The primary purpose for the formation of First Golden is to offer variable products in the state of New York. The following persons control or are under common control with the Depositor: DIRECTED SERVCIES, INC. ("DSI") - This corporation is a general business corporation organized under the laws of the State of New York, and is wholly owned by ING Groep N.V. ("ING"). The primary purpose of DSI is to act as a broker-dealer in securities. It acts as the principal underwriter and distributor of variable insurance products including variable annuities as required by the SEC. The contracts are issued by the Depositor. DSI also has the power to carry on a general financial, securities, distribution, advisory or investment advisory business; to act as a general agent or broker for insurance companies and to render advisory, managerial, research and consulting services for maintaining and improving managerial efficiency and operation. DSI is also registered with the SEC as an investment adviser. The Registrant is a segregated asset account of the Company and is therefore owned and controlled by the Company. All of the Company's outstanding stock is owned and controlled by ING. Various companies and other entities controlled by ING may therefore be considered to be under common control with the registrant or the Company. Such other companies and entities, together with the identity of their controlling persons (where applicable), are set forth on the following organizational chart. The subsidiaries of ING Groep N.V., as of December 3, 2001, are included in this Registration Statement as Exhibit 16. Item 27: Number of Contract Owners As of January 31, 2002, there are 78,217 qualified contract owners and 93,305 non-qualified contract owners in Golden American's Separate Account B. Item 28. Indemnification Golden American Life Insurance Company (Golden American) shall indemnify (including therein the prepayment of expenses) any person who is or was a director, officer or employee, or who is or was serving at the request of Golden American as a director, officer or employee of another corporation, partnership, joint venture, trust or other enterprise for expenses (including attorney's fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him with respect to any threatened, pending or completed action, suit or proceedings against him by reason of the fact that he is or was such a director, officer or employee to the extent and in the manner permitted by law. Golden American may also, to the extent permitted by law, indemnify any other person who is or was serving Golden American in any capacity. The Board of Directors shall have the power and authority to determine who may be indemnified under this paragraph and to what extent (not to exceed the extent provided in the above paragraph) any such person may be indemnified. Golden American or its parents may purchase and maintain insurance on behalf of any such person or persons to be indemnified under the provision in the above paragraphs, against any such liability to the extent permitted by law. ING Groep N.V. has procured insurance from Lloyd's of London and several major United States and international excess insurers for its directors and officers and the directors and officers of its subsidiaries, including the Depositor. Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors, officers and controlling persons of the Registrant, as provided above or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification by the Depositor is against public policy, as expressed in the Securities Act of 1933, and therefore may be unenforceable. In the event that a claim of such indemnification (except insofar as it provides for the payment by the Depositor of expenses incurred or paid by a director, officer or controlling person in the successful defense of any action, suit or proceeding) is asserted against the Depositor by such director, officer or controlling person and the SEC is still of the same opinion, the Depositor or Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by the Depositor is against public policy as expressed by the Securities Act of 1933 and will be governed by the final adjudication of such issue. Item 29. Principal Underwriter (a) At present, Directed Services, Inc. ("DSI"), the Registrant's Distributor, also serves as principal underwriter for all contracts issued by Golden American. DSI is the principal underwriter for Separate Account A, Separate Account B, Equitable Life Insurance Company of Iowa Separate Account A, First Golden American Life Insurance Company of New York Separate Account NY-B, Alger Separate Account A of Golden American and The GCG Trust. (b) The following information is furnished with respect to the officers and directors of DSI, the principal underwriter: Name and Principal Positions and Offices with Business Address Principal Underwriter ------------------ --------------------------- James R. McInnis* President Barnett Chernow** Director and Executive Vice President Stephen J. Preston* Executive Vice President Davis S. Pendergrass** Vice President and Treasurer David L. Jacobson* Senior Vice President and Assistant Secretary *The principal business address for these directors and officers is 1475 Dunwoody Drive, West Chester, Pennsylvania 19380-1478. **The principal business address of these directors is ING Insurance Operation, 5780 Powers Ferry Road, NW, Atlanta, Georgia 30327-4390. (c) Compensation as of December 31, 2000:
(1) (2) (3) (4) (5) Name of Net Underwriting Principal Discounts and Compensation on Brokerage Underwriter Commissions Redemption Commissions Compensation ------------------------ ---------------- --------------- ----------- ------------ Directed Services, Inc. $208,883 $0 $0 $0
Item 30. Location of Accounts and Records All accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act and the rules under it relating to the securities described in and issued under this Registration Statement are maintained by: Golden American Life Insurance Company at 1475 Dunwoody Drive, West Chester, Pennsylvania 19380-1478 and by Equitable Life Insurance Company of Iowa, an affiliate, at 909 Locust Street, Des Moines, Iowa 50309. Item 31. Management Services Not applicable Item 32. Undertakings Registrant hereby undertakes: (a) to file a post-effective amendment to this registration statement on Form N-4 as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than sixteen months old for as long as payments under the variable annuity contracts may be accepted; (b) to include either (1) as part of any application to purchase a contract offered by a prospectus, a space that an applicant can check to request a Statement of Additional Information or (2) a post card or similar written communication affixed to or included in the Prospectus that the applicant can remove and send for a Statement of Additional Information; and (c) to deliver any Statement of Additional Information and any financial statements required to be made available under this Form N-4 promptly upon written or oral request. REPRESENTATIONS 1. The Company hereby represents that the account meets the definition of a "separate account" under federal securities law. 2. Golden American Life Insurance Company hereby represents that the fees and charges deducted under the contracts covered by this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company. SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, Separate Account B of Golden American Life Insurance Company, certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of this Post-Effective Amendment to its Registration Statement on Form N-4 (File No. 333-57218) and has duly caused this Post-Effective Amendment to be signed on its behalf in the City of West Chester, Commonwealth of Pennsylvania, on the 15th day of February 2002. SEPARATE ACCOUNT B (Registrant) By: GOLDEN AMERICAN LIFE INSURANCE COMPANY (Depositor) By: Robert C. Salipante* ---------------------------- Robert C. Salipante Chief Executive Officer As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on February 15, 2002. Signature Title Director and Chief Executive Officer Robert C. Salipante* ----------------------------------- Robert C. Salipante Director and Senior Vice President Wayne R. Huneke* ----------------------------------- Wayne R. Huneke Director Thomas J. McInerney* ----------------------------------- Thomas J. McInerney Director Phillip R. Lowery* ----------------------------------- Phillip R. Lowery Director Mark A. Tullis* ----------------------------------- Mark A. Tullis /s/ Linda E. Senker ------------------------------- Linda E. Senker Vice President and Associate General Counsel of Depositor *Executed by Linda E. Senker on behalf of those indicated pursuant to Power of Attorney. EXHIBIT INDEX ITEM EXHIBIT PAGE # ---- ------- ------ 9 Opinion and Consent of Counsel EX-99.B9 10(a) Consent of Ernst & Young LLP, Independent Auditors EX-99.B10A 15 Powers of Attorney EX-99.B15